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2025-03-31-accounts

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 2025

Fruition Advisory LLP 29 Wood Street Stratford Upon Avon Warwickshire CV37 6JG

The Magic Future Foundation

Contents

Reference and Administrative Details 1
Trustees' Report 2 to 3
Statement of Trustees' Responsibilities 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8 to 15

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 Warwickshire CV37 6JG Independent Examiner Fruition Advisory LLP 29 Wood Street Stratford Upon Avon Warwickshire 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 2025.

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 (www.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 performance

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 £128,435 (2024: £135,043) and unrestricted expenditure was £137,594 (2024: £138,498), resulting in unrestricted funds at the balance sheet date of £34,547 (2024: £43,706).

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 governed 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 enhance 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.

Recruitment and appointment of trustees

The Trustees keep the composition and skills of the Board under regular review to ensure it remains effective and appropriate for the charity’s needs. When a vacancy arises or additional expertise is required, potential Trustees are identified through personal recommendation and existing networks, reflecting the charity’s small nature. All prospective Trustees are provided with information about the charity’s aims, activities, and governance responsibilities before being considered for appointment. New Trustees are formally appointed in accordance with the governing document and receive an induction to ensure they understand their duties and the work of the charity.

Small companies provision statement

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

11 Jan 2026

The annual report was approved by the trustees of the charity on 22 December 2025 and signed on its behalf by:

......................................... 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 accordance 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 accordance 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 resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

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 hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance 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 other jurisdictions.

11 Jan 2026 Approved by the trustees of the charity on 22 December 2025 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 2025.

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 (‘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 confirm 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 [applicable 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.

Michelle Vincent

...................................... Michelle Vincent

29 Wood Street Stratford Upon Avon Warwickshire CV37 6JG

22 December 2025 11 Jan 2026

Page 5

The Magic Future Foundation

Statement of Financial Activities for the Year Ended 31 March 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Note
Income and Endowments from:
Donations and legacies
3
Other trading activities
4
Total income
Expenditure on:
Raising funds
5
Charitable activities
6
Total expenditure
Net expenditure
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
13
Note
Income and Endowments from:
Donations and legacies
3
Other trading activities
4
Total income
Expenditure on:
Raising funds
5
Charitable activities
6
Total expenditure
Net expenditure
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
13
Unrestricted
funds
£
117,915
10,520
128,435
(50,284)
(87,310)
(137,594)
(9,159)
(9,159)
43,706
34,547
Unrestricted
funds
£
109,568
25,475
135,043
(48,539)
(89,959)
(138,498)
(3,455)
(3,455)
47,161
43,706
Total
2025
£
117,915
10,520
128,435
(50,284)
(87,310)
(137,594)
(9,159)
(9,159)
43,706
34,547
Total
2024
£
109,568
25,475
135,043
(48,539)
(89,959)
(138,498)
(3,455)
(3,455)
47,161
43,706

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 is shown in note 13.

The notes on pages 8 to 15 form an integral part of these financial statements. Page 6

The Magic Future Foundation

(Registration number: 08310741) Balance Sheet as at 31 March 2025

2025 2024
Note £ £
Current assets
Debtors 11 8,750 -
Cash at bank and in hand 29,647 45,608
38,397 45,608
Creditors: Amounts falling due within one year 12 (3,850) (1,902)
Net assets 34,547 43,706
Funds of the charity:
Unrestricted income funds
Unrestricted funds 34,547 43,706
Total funds 13 34,547 43,706

For the financial year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

11 Jan 2026

The financial statements on pages 6 to 15 were approved by the trustees, and authorised for issue on 22 December 2025 and signed on their behalf by:

......................................... Mr Stefan Wissenbach Trustee

The notes on pages 8 to 15 form an integral part of these financial statements. Page 7

The Magic Future Foundation

Notes to the Financial Statements for the Year Ended 31 March 2025

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 otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (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 2019) - (Charities SORP (FRS 102)), 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 otherwise stated in the relevant accounting policy notes.

Going concern

The financial statements have been prepared on a going concern 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 once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable 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 2025

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 services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary 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 resources, for example, allocating property 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 Finance 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.

Page 9

The Magic Future Foundation

Notes to the Financial Statements for the Year Ended 31 March 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

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.

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 twelve 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 initially at the transaction price 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 balance 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 balance sheets at the rates ruling at the balance 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 differences are recognised in the Statement of Financial Activities in the period in which they arise except for:

1) exchange differences on transactions entered into to hedge certain foreign currency risks (see above);

2) 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.

Page 10

The Magic Future Foundation

Notes to the Financial Statements for the Year Ended 31 March 2025

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 substance 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.

Recognition and measurement

All financial assets and liabilities are initially measured at transaction price (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 price 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 settle on a net basis, or to realise the asset and settle 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 party 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 party.

Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

3 Income from donations and legacies

Donations and legacies;
Donations
Gift aid reclaimed
Unrestricted
General
£
109,165
8,750
117,915
Total
2025
£
109,165
8,750
117,915
Total
2024
£
109,568
-
109,568

Page 11

The Magic Future Foundation

Notes to the Financial Statements for the Year Ended 31 March 2025

4 Income from other trading activities

Other income from other trading activities
5
Expenditure on raising funds
a) Costs of generating donations and legacies
PR costs
b) Costs of trading activities
Costs of goods sold
Events and conferences
Unrestricted
funds
General
£
10,520
10,520
Unrestricted
General
£
14,760
Unrestricted
General
£
-
35,525
35,525
Total
funds
£
10,520
10,520
Total
2025
£
14,760
Total
2025
£
-
35,525
35,525
Total
2024
£
25,475
25,475
Total
2024
£
17,608
Total
2024
£
165
30,765
30,930

Page 12

The Magic Future Foundation

Notes to the Financial Statements for the Year Ended 31 March 2025

6 Expenditure on charitable activities

Unrestricted

Note
Grant funding of activities
8
Allocated support costs
Governance costs
7
General
£
81,186
5,368
756
87,310
Total
2025
£
81,186
5,368
756
87,310
Total
2024
£
79,171
9,960
828
89,959

7 Analysis of governance and support costs

Governance costs

Independent examiner fees
Examination of the financial statements
Unrestricted
funds
General
£
756
756
Total
2025
£
756
756
Total
2024
£
828
828

8 Grant-making

Below are details of material grants made to institutions

Name of institution
Activity
buildOn
Building schools in Africa
2025
£
101,789
2024
£
79,171

9 Trustees remuneration and expenses

During the year the charity made the following transactions with trustees:

Miss Alexandra Wissenbach

Miss Alexandra Wissenbach received remuneration of £12,919 (2024: £Nil) during the year. The remuneration received was for managing the charity's social media.

No trustees have received any reimbursed expenses or any other benefits from the charity during the year.

Page 13

The Magic Future Foundation

Notes to the Financial Statements for the Year Ended 31 March 2025

10 Taxation

The charity is a registered charity and is therefore exempt from taxation.

11 Debtors

11 Debtors
2025
£
Accrued income 8,750

12 Creditors: amounts falling due within one year

Trade creditors
Accruals
13 Funds
Unrestricted funds
General
Unrestricted funds
General
Balance at 1
April 2024
£
43,706
Balance at 1
April 2023
£
47,161
Incoming
resources
£
128,435
Incoming
resources
£
135,043
2025
£
1,818
2,032
3,850
Resources
expended
£
(137,594)
Resources
expended
£
(138,498)
2024
£
-
1,902
1,902
Balance at 31
March 2025
£
34,547
Balance at 31
March 2024
£
43,706

14 Analysis of net assets between funds

Current assets
Current liabilities
Total net assets
Unrestricted
funds
General
£
38,397
(3,850)
34,547
Total funds
at 31 March
2025
£
38,397
(3,850)
34,547

Page 14

The Magic Future Foundation

Notes to the Financial Statements for the Year Ended 31 March 2025

15 Related party transactions

There were no related party transactions in the year.

Page 15

Issuer

Issuer Fruition Accountancy Document generated Wed, 24th Dec 2025 12:36:39 GMT Document fingerprint 4dd3754d07671ceb80ea79ddf4a7dc4e

Parties involved with this document

Document processed

Party + Fingerprint

Sun, 11th Jan 2026 16:07:43 GMT Wed, 14th Jan 2026 16:57:13 GMT Wed, 14th Jan 2026 16:57:13 GMT

Mr Stefan Wissenbach - Signer (b275a1fb938e0e2bbfd5903f232d75a4) Michelle Vincent - Signer (9e8d0a858a29d98a28fed40a0bbe33b2) Adam Fairhurst-Groethe - Copied In (f25e566edf10235680b6a9ddcf5d705b)

Audit history log

Date

Action

Wed, 24th Dec 2025 12:36:39 GMT Wed, 24th Dec 2025 12:36:39 GMT Wed, 24th Dec 2025 12:36:39 GMT Wed, 24th Dec 2025 12:36:39 GMT Wed, 24th Dec 2025 12:36:39 GMT Wed, 24th Dec 2025 12:36:39 GMT

Wed, 24th Dec 2025 12:36:49 GMT Wed, 24th Dec 2025 12:36:49 GMT Wed, 24th Dec 2025 12:36:50 GMT Tue, 30th Dec 2025 15:06:28 GMT

Fri, 9th Jan 2026 18:03:02 GMT

Sun, 11th Jan 2026 16:06:33 GMT Sun, 11th Jan 2026 16:07:43 GMT

Envelope generated with fingerprint 4110c4f8f8c059d164605ce2fb7210eb (18.133.63.166) Document generated with fingerprint 4dd3754d07671ceb80ea79ddf4a7dc4e. (18.133.63.166) Document generated with fingerprint 320904bef5c64ae5ff45da84294eb16c. (18.133.63.166) Mr Stefan Wissenbach has been assigned to this envelope. (18.133.63.166) Michelle Vincent has been assigned to this envelope. (18.133.63.166) Adam Fairhurst-Groethe has been assigned to this envelope. (18.133.63.166) Envelope generated Sent the envelope to Mr Stefan Wissenbach for signing Document emailed to party email Sent Mr Stefan Wissenbach a reminder to sign the document. (18.133.63.166) Sent Mr Stefan Wissenbach a reminder to sign the document. (18.133.63.166) Mr Stefan Wissenbach viewed the envelope (209.0.91.54) Mr Stefan Wissenbach signed the envelope (209.0.91.54)

Sun, 11th Jan 2026 16:07:43 GMT Sun, 11th Jan 2026 16:07:45 GMT Wed, 14th Jan 2026 16:56:14 GMT Wed, 14th Jan 2026 16:57:13 GMT Wed, 14th Jan 2026 16:57:13 GMT Wed, 14th Jan 2026 16:57:13 GMT Wed, 14th Jan 2026 16:57:13 GMT Wed, 14th Jan 2026 16:57:13 GMT Wed, 14th Jan 2026 16:57:14 GMT Wed, 14th Jan 2026 16:57:14 GMT

Sent the envelope to Michelle Vincent for signing (209.0.91.54)

Document emailed to party email Michelle Vincent viewed the envelope (2.122.198.92) Michelle Vincent signed the envelope (2.122.198.92) Sent the envelope to Adam Fairhurst-Groethe for signing (2.122.198.92) This envelope has been signed by all parties (2.122.198.92) Signed document confirmation emailed to party email (2.122.198.92) Signed document confirmation emailed to party email (2.122.198.92) Signed document confirmation emailed to party email (2.122.198.92) Signed document confirmation emails have been sent to all parties. Document URL:

https://api.signable.app/shareable/envelope?t=532958b0-7c9f-48aa-817c-6 c68a17aa733 (2.122.198.92)

Wed, 14th Jan 2026 16:57:14 GMT

Document emailed to party email