Company registration number.. 08310741
Charity registration number" 1152337
The Magic Future Foundation
(A company limited by guarantee)
Annual Report and Financial Statements
for the Year Ended 31 March 2024
Fruition Advisory LLP
29 Wood Street
Stratford Upon Avon
Warwickshire
CV37 6JG

The Magic Future Foundation
Contents
Reference and Administrative Details
Trustees, Report
2to3
Statement of Trustees, Responsibilities
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
8t014

The Magic Future Foundation
Reference and Administrative Details
Trustees
Mr Stefan Wissenbach
Mrs Diana Natalie Wissenbach
Mr Graham Defries
Mr Tom Alexander Spanner
Mr Maximilian Wissenbach
Miss Alexandra Wissenbach
Secretary
Mrs Diana Natalie Wissenbach
Charity Registration Number
1152337
Company Registration Number
08310741
The charity is incorporated in England.
Registered Office
29 Wood Street
Stratford Upon Avon
WaNickshire
CV37 6JG
Independent Examiner
Fruition Advisory LLP
29 Wood Street
Stratford Upon Avon
WaNickshire
CV37 6JG
Page 1

The Magic Future Foundation
Trustees. Report
The trustees, who are directors for the purposes of company law, present the annual report together
with the financial statements of the charitable company for the year ended 31 March 2024.
Trustees
Mr Stefan Wissenbach
Mrs Diana Natalie Wissenbach
Mr Graham Defries
Mr Tom Alexander Spanner
Mr Maximilian Wissenbach
Miss Alexandra Wissenbach
Objectives and activities
Objects and aims
The charity was set up to raise funds to support outstanding organisations and causes that are
helping people achieve their dreams by building opportunity through education and inspiration, both
locally and globally.
On 10th September 2019, the family founders of the charity were hit by personal tragedy with the
sudden death of their son, Oliver Wissenbach (wNw.oliverwissenbach.com) at the age of 25.
The family founders subsequently decided they would like to build 100 schools in honour of Oliver
Wissenbach.
Public benefit
Funds raised are used to build new schools in Nepal, Senegal, Mali, Malawi, Burkina Faso, Haiti,
Guatemala and Nicaragua. The schools enable generations of underprivileged to receive an
education and break the cycle of poverty and illiteracy.
The trustees confirm that they have complied with the requirements of section 4 of the Charities Act
2011 to have due regard to the public benefit guidance published by the Charity Commission for
England and Wales.
Achievements and perfomiance
The charity has continued to raise money via individual donors. individual fundraisers and through its
own fundraising events. The goal is to have 30 schools built and operational by August 2025, and the
trustees are confident in achieving this objective.
Financial review
During the year unrestricted income was £135.043 (2023.. £174.6515) and unrestricted expenditure
was £138,498 {2023'. £303,879), resulting in unrestricted funds at the balan￿ sheet date of £43,706
(2023. £47,161).
Page 2

The Magic Future Foundation
Trustees. Report
Policy on reserves
The Trustees have reviewed the reserves of the charity and the nature if the anticipated income and
expenditure. The Trustees have confirmed their strategy of holding reserves equal to 6 months
operational expenditure. This is currently being achieved.
Structure, governance and management
Nature of governing document
The charity is a charitable company limited by guarantee. It is govemed by a memorandum and
articles of association. Its objects are to enable and encourage access to the internet for
underpriviledged groups, to advance the education and training of the general public on efficient and
appropriate use of the internet and enhan￿ the development of individual capabilities, competences,
skills and understanding in this area, and to increase the employment opportunities of under
privileged groups on the basis of such education and training.
Small companies provision statement
This report has been prepared in accordan￿ with the small companies regime under the Companies
Act 2006.
The annual report was approved by the trustees of the charity on 23 December 2024 and signed on
ito hAh2lf hii.
Mr Stefan Wissenbach
Trustee
Page 3

The Magic Future Foundation
Statement of Trustees. Responsibilities
The trustees (who are also the directors of The Magic Future Foundation for the purposes of company
law) are responsible for preparing the trustees. report and the financial statements in accordan￿ with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and
Republic of Ireland" The report and accounts have been prepared in accordan￿ with the provisions
in the Companies Act 2006 relating to small companies.
Company law requires the trustees to prepare financial statements for each financial year. Under
company law the trustees must not approve the financial statements unless they are satisfied that
they give a true and fair view of the state of affairs of the charitable company and of the incoming
resources and application of reSoUr￿s, including its income and expenditure, of the charitable
company for that period. In preparing these financial statements, the trustees are required to=
select suitable accounting policies and apply them consistently-
obseNe the methods and principles in the Charities SORP.,
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards, comprising FRS 102 have been followed, subject
to any material departures disclosed and explained in the financial statements., and
prepare the financial statements on the going concern basis unless it is inappropriate to presume
that the charitsble company will continue in business.
The trustees are responsible for keeping proper accounting records that can disclose with reasonable
accuracy at any time the financial position of the charitable company and enable them to ensure that
the financial statements comply with the Companies Act 2006. They are also responsible for
safeguarding the assets of the charitable company and hen￿ for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
The trustees are responsible for the Maintenan￿ and integrity of the corporate and financial
information included on the charitable company's website. Legislation governing the preparation and
dissemination of financial statements may differ from legislation in otherjurisdictions.
Approved by the trustees of the charity on 23 December 2024 and signed on its behalf by..
Mr Stefan Wissenbach
Trustee
Page 4

The Magic Future Foundation
Independent Examiner's Report to the trustees of The Magic Future
Foundation ('the Company.)
I report to the charity trustees on my examination of the accounts of the Company for the year ended
31 March 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you
are responsible for the preparation of the accounts in accordance with the requirements of the
Companies Act 2006 {'the 2006 Act,).
Having satisfied myself that the accounts of the Company are not required to be audited under Part
16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination
of your charity's accounts as carried out under section 145 of the Charities Act 2011 I'the 2011 Act'}.
In carrying out my examination I have followed the Directions given by the Charity Commission under
section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confimi that no matters have come to my attention in connection
with the examination giving me cause to believe:
1. accounting records were not kept in respect of The Magic Future Foundation as required by
section 386 of the 2006 Act: or
2. the accounts do not accord with those records" or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act
other than any requirement that the accounts give a 'true and fair view, which is not a matter
considered as part of an independent examination,. or
4. the accounts have not been prepared in accordance with the methods and principles of the
Statement of Recommended Practice for accounting and reporting by charities lapplicable to
charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102)]-
I have no concerns and have come across no other matters in connection with the examination to
which attention should be drawn in this report in order to enable a proper understanding of the
accounts to be reached.
A4,1.11. d,.
Michelle Vincent
29 Wood Street
Stratford Upon Avon
Warwickshire
CV37 6JG
23 December 2024
Page 5

The Magic Future Foundation
Statement of Financial Activities for the Year Ended 31 March 2024
(Including Income and Expenditure Account and Statement of Total
Recognised Gains and Losses)
Unrestricted
funds
Total
2024
Note
Income and Endowments from:
Donations and legacies
Other trading activities
109,568
25,475
109,568
25,475
Total income
135,043
135,043
Expenditure on:
Raising funds
Charitable activities
(48,539)
(89,959)
(48,539)
(89,959)
Total expenditure
{138,498)
(138,498)
Net expenditure
(3,455)
{3,455)
Net movement in funds
(3,455)
{3,455)
Reconciliation of funds
Total funds brought forward
47,161
47,161
Total funds carried forward
12
43,706
43,706
Unrestricted
funds
Total
2023
Note
Income and Endowments from:
Donations and legacies
Other trading activities
169,633
4,982
169,633
4,982
Total income
174,615
174,615
Expenditure on:
Raising funds
Charitable activities
(27,012)
(276,867)
(27,012)
276,867
Total expenditure
1303,879)
303,879
Net expenditure
(129,264)
129,264
Net movement in fijnds
{129,264)
(129,264)
Reconciliation of funds
Total funds brought forward
176,425
176,425
Total funds carried forward
12
47,161
47,161
All of the charity's activities derive from continuing operations during the above periods.
The funds breakdown for 2023 is shown in note 12.
The notes on pages 8 to 14 fomi an integral part of these financial statements.
Page 6

The Magic Future Foundation
(Registration number: 08310741)
Balance Sheet as at 31 March 2024
2024
2023
Note
Current assets
Cash at bank and in hand
45,608
49,890
Creditors: Amounts falling due within one year
(1.902)
43,706
{2,729)
47,161
Net assets
Funds of the charity:
Unrestricted income funds
Unrestricted funds
43,706
47,161
Total funds
12
43,706
47,161
For the financial year ending 31 March 2024 the charity was entitled to exemption from audit under
section 477 of the Companies Act 2006 relating to small companies.
Directors, responsibilities-
The members have not required the charity to obtain an audit of its accounts for the year in
question in accordance with section 476., and
The directors acknowledge their responsibilities for complying with the requirements of the Act with
respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordan￿ with the special provisions relating to
companies subject to the small companies regime within Part 15 of the Companies Act 2006.
The financial statements on pages 6 to 14 were approved by the trustees, and authorised for issue on
23 December 2024 and sianed on their behalf by"
Mr Stefan Wissenbach
Trustee
The notes on pages 8 to 14 fomi an integral part of these financial statements.
Page 7

The Magic Future Foundation
Notes to the Financial Statements for the Year Ended 31 March 2024
1 Charity status
The charity is limited by guarantee, incorporated in England, and consequently does not have share
capital. Each of the trustees is liable to contribute an amount not exceeding £10 towards the assets of
the charity in the event of liquidation.
2 Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out
below. These policies have been consistently applied to all the years presented, unless othe￿iSe
stated.
Statement of compliance
The financial statements have been prepared in accordan￿ with Accounting and Reporting by
Charities- Statement of Recommended practi￿ (applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS
102)} (issued in October 20191 (Charities SORP {FRS 1021), the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Basis of preparation
The Magic Future Foundation meets the definition of a public benefit entity under FRS 102. Assets
and liabilities are initially recognised at historical cost or transaction value unless othewise stated in
the relevant accounting policy notes.
Going concern
The financial statements have been prepared on a going concem basis on the grounds that the
trustees will provide funds to support the charity.
The trustees assess whether the use of going concern is appropriate i.e. whether there are any
material uncertainties related to events or conditions that may cast significant doubt on the ability of
the charity to continue as a going concern. The trustees make this assessment in respect of a period
of one year from the date of approval of the financial statements.
Income and endowments
All income is recognised On￿ the charity has entitlement to the income. it is probable that the income
will be received and the amount of the income re￿1vable can be measured reliably.
Donations and legacies
Donations are recognised when the charity has been notified in writing of both the amount and
settlement date. In the event that a donation is subject to conditions that require a level of
performance by the charity before the charity is entitled to the funds, the income is deferred and not
recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly
within the control of the charity and it is probable that these conditions will be fulfilled in the reporting
period.
Page 8

The Magic Future Foundation
Notes to the Financial Statements for the Year Ended 31 March 2024
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is
probable settlement is required and the amount can be measured reliably. All costs are allocated to
the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot
be directly attributed to particular headings they have been allocated on a basis consistent with the
use of resources, with central staff costs allocated on the basis of time spent, and depreciation
charges allocated on the portion of the asset's use. Other support costs are allocated based on the
spread of staff costs.
Raising funds
These are costs incurred in attracting voluntary income. the management of investments and those
incurred in trading activities that raise funds.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities
and ServI￿S for its beneficiaries. It includes both costs that can be allocated directly to such activities
and those costs of an indirect nature ne￿SSary to support them.
Grant provisions
Provisions for grants are made when the intention to make a grant has been communicated to the
recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis
consistent with the use of reSoUr￿s, for example, allocating propety costs by floor areas, or per
capita, staff costs by the time spent and other costs by their usage.
Governance costs
These include the costs attributable to the charity's compliance with constitutional and statutory
requirements, including audit, strategic management and trustees's meetings and reimbursed
expenses.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finan￿ Act 2010
and therefore it meets the definition of a charitable company for UK corporation tax purposes.
Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains
received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section
256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are
applied exclusively to charitable purposes.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly
liquid investments that are readily convertible to a known amount of cash and are subject to an
insignificant risk of change in value.
Page 9

The Magic Future Foundation
Notes to the Financial Statements for the Year Ended 31 March 2024
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary
course of business from suppliers. Accounts payable are classified as current liabilities if the charity
does not have an unconditional right, at the end of the reporting period, to defer settlement of the
creditor for at least t￿e1ve months after the reporting date. If there is an unconditional right to defer
settlement for at least twelve months after the reporting date. they are presented as non-current
liabilities.
Trade creditors are recognised initialty at the transaction pri￿ and subsequently measured at
amortised cost using the effective interest method.
Foreign exchange
Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction.
Monetary assets and liabilities denominated in foreign currencies at the balan￿ sheet date are
reported at the rates of exchange prevailing at that date.
The results of overseas operations are translated at the average rates of exchange during the period
and their balan￿ sheets at the rates ruling at the balan￿ sheet date. Exchange differences arising
on translation of the opening net assets and results of overseas operations are reported in other
comprehensive income and accumulated in equity (attributed to non-controlling interests as
appropriate).
other exchange dIfferen￿S are recognised in the Statement of Financial Activities in the period in
which they arise except for=
11 exchange differences on transactions entered into to hedge ￿rtain foreign currency risks (see
above}.,
21 exchange differences arising on gains or losses on non-monetary items which are recognised in
other comprehensive income. and
3} in the case of the consolidated financial statements. exchange differences on monetary items
receivable from or payable to a foreign operation for which settlement is neither planned nor likely to
occur {therefore forming part of the net investment in the foreign operation), which are recognised in
other comprehensive income and reported under equity.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees's discretion in
furtherance of the objectives of the charity.
Financial instruments
Classification
Financial assets and financial liabilities are recognised when the charity becomes a party to the
contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the Substan￿ of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in
the assets of the charity after deducting all of its liabilities.
Page 10

The Magic Future Foundation
Notes to the Financial Statements for the Year Ended 31 March 2024
Recognition and measurement
All financial assets and liabilities are initially measured at transaction pri￿ (including transaction
costs), except for those financial assets classified as at fair value through profit or loss, which are
initially measured at fair value (which is normally the transaction pri￿ excluding transaction costs),
unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing
transaction, the financial asset or financial liability is measured at the present value of the future
payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of financial position when, and only
when there exists a legally enforceable right to set off the recognised amounts and the charity intends
either to settie on a net basis, or to realise the asset and settie the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows
from the financial asset expire or are settled, b) the charity transfers to another paty substantially all
of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained
some, but not all, significant risks and rewards of ownership. has transferred control of the asset to
another paty.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged,
cancelled or expires.
3 Income from donations and legacies
Unrestricted
Total
2024
Total
2023
General
Donations and legacies.,
Donations
109,568
109,568
169,633
169,633
109,568
109,568
4 Income from other trading activities
Unrestricted
funds
General
Totsl
funds
Total
2023
Other income from other trading activities
25,475
25,475
4,982
25.475
25,475
4,982
Page11

The Magic Future Foundation
Notes to the Financial Statements for the Year Ended 31 March 2024
S Expenditure on raising funds
al Costs of generating donations and legacies
Unrestricted
Total
2024
Total
2023
General
PR costs
17,608
17,608
10,036
b) Costs of trading activities
Unrestricted
Total
2024
Total
2023
General
Costs of goods sold
Events and conferences
165
30.765
165
30,765
442
16,534
16,976
30.930
30,930
6 Expenditure on charitable activities
Unrestricted
Total
2024
Total
2023
General
Note
Grant funding of activities
Allocated support costs
Governan￿ costs
79,171
9.960
828
79,171
9,960
828
263,922
12,473
472
89,959
89,959
276,867
Page 12

The Magic Future Foundation
Notes to the Financial Statements for the Year Ended 31 March 2024
7 Analysis of governance and support costs
Governance costs
Unrestricted
funds
General
Totsl
2024
Total
2023
Independent examiner fees
Examination of the financial statements
828
828
472
828
828
472
8 Grant-making
Below are details of material grants made to institutions
2024
2023
Name of institution
buildon
Activity
Building schools in Africa
79,171
263,922
9 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have re￿iVed any remuneration from the charity
during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the
year.
10 Taxation
The charity is a registered charity and is therefore exempt from taxation.
11 Creditors: amounts falling due within one year
2024
2023
Trade creditors
Other creditors
Accruals
150
677
1,902
1,902
1,902
2,729
Page 13

The Magic Future Foundation
Notes to the Financial Statements for the Year Ended 31 March 2024
12 Funds
Balance at 1
April 2023
Incoming
resources
Resources
expended
Balance at 31
March 2024
Unrestricted funds
General
47,161
135,043
{138,498)
43,706
Balance at 1
April 2022
Incoming
resources
Resources
expended
Balance at 31
March 2023
Unrestricted funds
General
176,425
174,615
303,879
47,161
13 Analysis of net assets between funds
Unrestricted
funds
General
Total funds
at 31 March
2024
Current assets
Current liabilities
45,608
1,902
45,608
1,902
Total net assets
43,706
43,706
14 Related party transactions
During the year the charity made the following related paty transactions"
Wissenbach Enterprises LLP
(An entity controlled by Mr & Mrs Wissenbach)
During the year £6,000 was paid to Wissenbach Enterprises LLP for the provision of office facilities
{2023.. £12,000 was paid to Mr & Mrs Wissenbach directly). At the balance sheet date the amount due
tolfrom Wissenbach Enterprises LLP was £Nil (2023 - £Nil).
Page 14

The Magic Future Foundation
Statement of Financial Activities by fund for the Year Ended 31 March 2024
Unrestricted Funds
Total
Total
Unrestricted Unrestricted
Funds
Funds
2024
2023
Income and Endowments from:
Donations and legacies
other trading activities
109,568
25,475
169,633
4,982
Total income
135,043
174,615
Expenditure on:
Raising funds
Charitable activities
(48,539)
(27,012)
(89,959) (276,867)
Total expenditure
(138,498) (303,879)
Net expenditure
(3,455) (129,264)
Net movement in funds
(3,455) (129,264)
Reconciliation of funds
Total funds brought fotward
47,161
176,425
Total funds carried fotward
43,706
47,161
This page does not fom part of the statutory financial statements.
Page 15

The Magic Future Foundation
Detailed Statement of Financial Activities for the Year Ended 31 March 2024
Total
2024
Total
2023
Income and Endowments from:
Donations and legacies {analysed below)
other trading activities (analysed below)
109,568
25,475
169,633
4,982
Total income
135,043
174,615
Expenditure on:
Raising funds (analysed below)
Charitable activities (analysed below)
(48,539)
(89,959)
(27,012)
(276,867)
Total expenditure
138,498
303,879
Net expenditure
3.455
129,264
Net movement in fiJnds
(3,455)
(129,264)
Reconciliation of funds
Total funds brought fotward
47,161
176,425
Total funds carried forward
43,706
47,161
This page does not fom part of the statutory financial statements.
Page 16

The Magic Future Foundation
Detailed Statement of Financial Activities for the Year Ended 31 March 2024
Total
2024
Total
2023
Donations and legacies
Appeals and donations
109,568
169,633
109,568
169,633
Other trading activities
Sales of purchased goods
25,475
4,982
25,475
4,982
Raising funds
Publicity costs
Materials
Fundraising events
Sundry expenses
(17,608)
(165)
(30,765)
{1)
(48,539)
(10,036)
(442)
(16,534)
(27,012)
Charitable activities
Grants payable institutions
Administration support
Foreign currency {gains)Ilosses
Travelling
Printing, postsge and stationery
Sundry expenses
Accountancy fees
Bank charges
Accountancy fees
(79,171)
(6,110)
{823)
(1,389)
(98)
(58)
{360}
(1,122)
(828}
(89,959)
(263,922)
(12,040)
(131)
(151
(101
(58)
(219)
(472)
(276,867)
This page does not fom part of the statutory financial statements.
Page 17