2023-07-31-accounts - The Magic Cottage

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Charity Commission

Charity Commission Annual Return 2023

THE MAGIC COTTAGE

Charity registration number: 1190613

Most of the information you give in this form will become publicly available on the Register of Charities. Any field that the Charity Commission will not display will be clearly marked. This document is a record of the information provided in the Annual Return 2023.

Financial period

Financial period start date

01/08/2022

Financial period end date

31/07/2023

Income and spending

Income £

£346,088

Spending £

£350,902

Number of contracts from government

How many contracts (other than grant agreements) did your charity receive from central government or a local authority during the financial period for this return?

Number of grants from government

How many grants did your charity receive from central government or a local authority during the financial period for this return?

Income breakdown

Donations and legacies (excluding Endowments Received)

£12,704

Charitable activities

£0

Other trading activities

£319,488

Investments

£2,217

Other

£11,679

Corporate donations

What was the value of your charity’s single highest value donation received from a corporate donor during the financial period of this return?

£0

Donations from individuals

What was the value of your charity’s single highest value donation received from an individual during the financial period of this return?

£100

Donations from related parties

What was the value of your charity’s single highest value donation received from a related party during the financial period of this return?

£0

Grantmaking

Is grant making the main way your charity carries out its purposes?

Recipients of grants

Please round all figures to the nearest pound (do not enter decimal points or commas).Individuals

£0

Other charities

£139

Other organisations that are not charities

£0

Grant recipients related parties

Are any of the grant recipients related parties to the charity?

Trustee payments

Excluding out of pocket expenses, for what were any of the trustees paid during the financial period for this return?

⊠ e. None of the trustees have been paid

Did any of the trustees resign and take up employment with your charity in the financial period of this return?

Income from outside the UK

Did your charity receive income from outside of the United Kingdom in the financial period of this return?

Delivering activities outside the United Kingdom

Did your charity deliver charitable activities outside of the United Kingdom in the financial period of this return?

Spending outside England & Wales

Did your charity spend funds outside of the United Kingdom in the financial period of this return?

Trading subsidiaries

Does the charity have any trading subsidiaries?

Charity contact details correct

Is the contact address displayed from the Register of Charities, correct?

Yes

Charity headquarters details correct

Is this the same address that you use as your charity's administrative headquarters?

Yes

Charity contact address

The Magic Cottage Charity Superstore

46-48 Frogmore Street

ABERGAVENNY

Gwent NP7 5AN

Charity Headquarters address

The Magic Cottage Charity Superstore 46-48 Frogmore Street

ABERGAVENNY Gwent NP7 5AN

Membership type

no, the charity is not part of a wider group structure

Is the charity part of a wider group structure with a parent body and subsidiary bodies?

Employment contract types

People were permanently employed by your charity

People were on fixed-terms contracts with your charity

Self-employed people were working for your charity

Total overseas employees

How many of the people above work on behalf of your charity outside of the United Kingdom?

Total employee payroll

What was the total amount spent on employee payroll during the financial period relating to this return?

£176,239

Employees' salaries

Did any of your charity's employees receive total employment benefits of £60,000 or more in the financial period of this annual return?

Governance policies

Internal charity financial controls policy and procedures

Yes

Safeguarding policy and procedures

Yes

Financial reserves policy and procedures

Yes

Complaints policy and procedures

Yes

Serious incident reporting policy and procedures

Yes

Internal risk management policy and procedures

Yes

Trustee expenses policy and procedures

Yes

Trustee conflicts of interest policy and procedures

Yes

Investing charity funds policy and procedures

Campaigns and political activity policy and procedures

Bullying and harassment policy and procedures

Yes

Social media policy and procedures

Engaging external speakers at charity events policy and procedures

Safeguarding

Has your charity provided services to children and/or adults at risk in the financial period of the return?

Yes

a. All required standard DBS checks have been obtained

Not applicable

b. All required enhanced DBS checks have been obtained

Not applicable

c. All required enhanced with Barred List(s) DBS checks have been obtained

Not applicable

d. DBS checks are not required other than Basic DBS checks

Serious Incidents

Has your charity reported all Serious Incidents (including any historical incidents) that the charity became aware of during the financial period of this return?

There were no incidents to report

External risk and impact

Donations,

Unknown/No Change/Not Applicable

Other income - grants

Unknown/No Change/Not Applicable

Other income - contracts

Negative

Other income - investment

Unknown/No Change/Not Applicable

Expenditure on charitable activities

Unknown/No Change/Not Applicable

Expenditure on overheads

Negative

Number of volunteers

Unknown/No Change/Not Applicable

Number of employees

Negative

Number of trustees

Negative

Fundraising activities

Negative

Capacity to deliver services

Negative

Total service demand

Unknown/No Change/Not Applicable

Volunteers

Excluding trustees, provide an estimate of the number of volunteers who carried out charitable activities on behalf of your charity in the United Kingdom during the financial period of this return?

Privacy statement

Any information you give us will be held securely and processed only in accordance with the rule on data protection. We will not disclose your personal details to anyone unconnected to the Charity Commission unless:

you have consented to their release; or
we are legally obliged to disclose them; or
we regard disclosure as either (a) necessary so that we can properly carry out our statutory functions or (b) necessary in the public interest.

We may share and disclose information about you with relevant public authorities, regulatory bodies and agencies, outside the Charity Commission but only if:

we can lawfully do so; and
we decide that disclosure is necessary for national security, crime detection, prevention, and law enforcement, or other issues in the public interest

Information we collect about you

We will use this information:

To enable us to carry out our statutory functions and duties;

This will include the following actions:

(a) update, consolidate, and improve the accuracy of our records;

(b) undertake crime detection and prevention and law enforcement and assist the third parties specified above to investigate or prevent crime and carry out law enforcement;
(c) data analysis, testing, research, statistical and survey purposes

Information we receive from other sources.

Information we receive from other sources

We may combine this information with information you give to us and information we collect about you.

We may use this information and the combined information for the purposes set out above (depending on the types of information we receive).

We will ensure that any such disclosure and use is proportionate; considers your right to respect for your private life; and is done fairly and lawfully in accordance with the data protection principles of the Data Protection Act.

The Data Protection Act 1998 regulates the use of 'personal data', which is essentially any information, however stored, about identifiable living individuals.

As a 'data controller' under the Act, the Charity Commission must comply with it. Any changes we may make to our privacy statement in the future will be set out in the replacement version of this form.

Please check back frequently to see any updates or changes to our privacy policy.

Declaration

Your role at the charity (select one):

⊠ Trustee

Anthony

Given names

Family name	Reynolds

Telephone	07530778928
number

Email	daisydell@live.co.uk

Date submitted	15/04/2024

It is a criminal offence under section 60 of the Charities Act 2011 for anyone to knowingly or recklessly provide false or misleading information to the commission; this includes suppressing, concealing or destroying documents.

THE MAGIC COTTAGE

CHARITY NUMBER 1190613

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2023

Page 1

Independent Examiner's Report to the Trustees of The Magic Cottage

I report to the trustees of The Magic Cottage on the accounts for the year ended 31st July 2023

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act").

I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent Examiner's statement

The charity's gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Association of Chartered Certified Accountants.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in any material aspect:-

(1) the accounting records were not kept in accordance with section 130 of the Charities Act or

(2) the accounts did not accord with the accounting records or

(3) the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

Steve Drake Chartered Certified Accountant (F.C.C.A.)

24 James Street, Ebbw Vale, Blaenau Gwent, NP23 6JG

14th February 2024

Page 2

THE MAGIC COTTAGE - CHARITY NUMBER 1190613 ANNUAL ACCOUNTS FOR THE YEAR ENDED 31st JULY 2023 STATEMENT OF FINANCIAL ACTIVITIES

INCOMING RESOURCES Donations and Legacies Shop and Online Takings Grants Received Recycling Caravan Income TOTAL INCOMING RESOURCES RESOURCES EXPENDED Cost of Goods Sold Direct Expenses Other shop sundry purchases Employee salaries Employer NI Contributions Premises rent Rates on premises Heat, Light and Power Repairs and Maintenance Caravan Expenses Sum up charges Bank charges Food and Refereshments Advertising and Marketing Accountancy Companies House Cleaning costs Delivery and Collection costs Depreciation on fixed assets Profit arising on sale of fixed assets Chariable Donations Staff Welfare Postage Consultancy fees Sundry Expenses Refuse Collections Equipment rental Software Costs Equipment repairs and renewals Insurance Motor and Travelling costs Printing and Stationery Pension Costs Telephone and Internet TOTAL RESOURCES EXPENDED NET INCOMING/(OUTGOING) RESOURCES TOTAL FUNDS BROUGHT FORWARD TOTAL FUNDS CARRIED FORWARD	Unrestricted funds £ 12,704.57 319,487.69 - 11,679.05 2,217.00 346,088.31 £ (3,330.66) 553.44 - 176,239.27 5,829.21 102,451.04 5,609.72 10,164.51 7,820.06 9,642.62 1,543.96 4.00 137.94 1,104.03 1,200.00 - 382.30 325.00 8,289.44 - 139.05 161.26 124.31 333.50 724.52 2,349.20 79.96 155.00 5,393.29 5,899.75 5,030.32 148.06 791.09 1,606.98 350,902.17 (4,813.86) 157,072.76 152,258.90	Restricted funds £ - - - - - - £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Total this year £ 12,704.57 319,487.69 - 11,679.05 2,217.00 346,088.31 £ (3,330.66) 553.44 - 176,239.27 5,829.21 102,451.04 5,609.72 10,164.51 7,820.06 9,642.62 1,543.96 4.00 137.94 1,104.03 1,200.00 - 382.30 325.00 8,289.44 - 139.05 161.26 124.31 333.50 724.52 2,349.20 79.96 155.00 5,393.29 5,899.75 5,030.32 148.06 791.09 1,606.98 350,902.17 (4,813.86) 157,072.76 152,258.90	Total last year £ 142.00 255,964.40 - 3,183.50 5,675.67 264,965.57 £ 11,248.21 414.65 203.68 117,286.82 1,944.44 78,340.58 2,075.25 10,659.90 3,386.80 9,072.02 1,908.22 4.49 62.41 38.50 1,200.00 8.00 1,357.13 1,764.50 10,227.76 (13,478.86) 3,392.24 113.60 16.25 - - - - - 2,281.66 2,861.94 3,607.83 1,061.59 972.00 844.20 252,875.81 12,089.76 144,983.00 157,072.76

Page 3

THE MAGIC COTTAGE BALANCE SHEET AS AT 31ST JULY 2023

Note FIXED ASSETS Fixtures and Fittings - nett of depreciation Motor Vehicles - nett of depreciation Caravan - nett of depreciation CURRENT ASSETS Sum up Debtor Stock of purchased goods Other Debtors Prepayments Cash in hand Cash at bank TOTAL ASSETS CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Expense creditors NET ASSETS FUNDS OF THE CHARITY Unrestricted funds Restricted Income funds TOTAL FUNDS

Signed by the following two trustees on behalf of all the trustees

Print Name Date of Approval

Page 4

THE MAGIC COTTAGE

NOTES TO THE ACCOUNTS

NOTE 1 - BASIS OF PREPARATION

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The accounts have been prepared in accordance with:

(i) the statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with,

(ii) the Charities Act 2011.

1.2 Change in basis of accounting

There has been no change to the accounting policies (valuation rules and methods of accounting) since last year.

1.3 Changes to previous accounts

No changes have been made to accounts for previous years.

NOTE 2 - ACCOUNTING POLICIES

INCOMING RESOURCES

2.1 Recognition of Incoming resources

These are included in the Statement of Financial Activities when:

(i) the charity becomes entitled to the resources;

(ii) the trustees are virtually certain they will receive the resources; and

(iii) the monetary value can be measured with sufficient reliability.

2.2 Incoming resources with related expenditure

Where incoming resources have related expenditure, the incoming resources and related expenditure are reported gross in the Statement of Financial Activities.

2.3 Grants and donations

Grants and donations are only included in the Statement of Financial Activities when the Charity has unconditional entitlement to the resources.

2.4 Investment Income

This is included in the accounts when receivable.

EXPENDITURE AND LIABILITIES

2.5 Liability recognition

Liabilities are recognized as soon as there is a legal or constructive obligation committing the charity to pay out the resources.

NOTE 3 - DETAILS OF CERTAIN ITEMS OF EXPENDITURE

3.1 Fees for examination of the accounts Independent examiner's fees for reporting on the accounts	2023 (£) 1,200.00	2022 (£) 1,200.00

Page 5

THE MAGIC COTTAGE

NOTES TO THE ACCOUNTS (CONT'D)

NOTE 4 - DEBTORS AND PREPAYMENTS

Analysis of debtors: amounts falling due within one year

Sum Up Debtor Other Debtors Rent Prepaid NOTE 5- CASH AT BANK AND IN HAND Cash at bank Cash in hand NOTE 6- CREDITORS AND ACCRUALS Analysis of creditors: amounts falling due within one year Accountancy Staff wages HMRC - PAYE/NIC Pension Sundries		2023 (£) 574.99 3,667.84 6,897.10 11,139.93 2023 (£) 63,020.81 3,289.38 66,310.19 2023 (£) 1,200.00 2,342.84 1,742.80 169.09 4,681.36 10,136.09	2022 (£) 1,434.10 2,703.36 12,986.52 17,123.98 2022 (£) 70,325.66 10,734.68 81,060.34 2022 (£) 1,200.00 9,879.29 3,515.06 294.02 - 14,888.37

Page 6

THE MAGIC COTTAGE

CHARITY NUMBER 1190613

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2023

Page 1

Independent Examiner's Report to the Trustees of The Magic Cottage

I report to the trustees of The Magic Cottage on the accounts for the year ended 31st July 2023

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act").

Independent Examiner's statement

The charity's gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Association of Chartered Certified Accountants.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in any material aspect:-

(1) the accounting records were not kept in accordance with section 130 of the Charities Act or

(2) the accounts did not accord with the accounting records or

Steve Drake Chartered Certified Accountant (F.C.C.A.)

24 James Street, Ebbw Vale, Blaenau Gwent, NP23 6JG

14th February 2024

Page 2

THE MAGIC COTTAGE - CHARITY NUMBER 1190613 ANNUAL ACCOUNTS FOR THE YEAR ENDED 31st JULY 2023 STATEMENT OF FINANCIAL ACTIVITIES

INCOMING RESOURCES Donations and Legacies Shop and Online Takings Grants Received Recycling Caravan Income TOTAL INCOMING RESOURCES RESOURCES EXPENDED Cost of Goods Sold Direct Expenses Other shop sundry purchases Employee salaries Employer NI Contributions Premises rent Rates on premises Heat, Light and Power Repairs and Maintenance Caravan Expenses Sum up charges Bank charges Food and Refereshments Advertising and Marketing Accountancy Companies House Cleaning costs Delivery and Collection costs Depreciation on fixed assets Profit arising on sale of fixed assets Chariable Donations Staff Welfare Postage Consultancy fees Sundry Expenses Refuse Collections Equipment rental Software Costs Equipment repairs and renewals Insurance Motor and Travelling costs Printing and Stationery Pension Costs Telephone and Internet TOTAL RESOURCES EXPENDED NET INCOMING/(OUTGOING) RESOURCES TOTAL FUNDS BROUGHT FORWARD TOTAL FUNDS CARRIED FORWARD	Unrestricted funds £ 12,704.57 319,487.69 - 11,679.05 2,217.00 346,088.31 £ (3,330.66) 553.44 - 176,239.27 5,829.21 102,451.04 5,609.72 10,164.51 7,820.06 9,642.62 1,543.96 4.00 137.94 1,104.03 1,200.00 - 382.30 325.00 8,289.44 - 139.05 161.26 124.31 333.50 724.52 2,349.20 79.96 155.00 5,393.29 5,899.75 5,030.32 148.06 791.09 1,606.98 350,902.17 (4,813.86) 157,072.76 152,258.90	Restricted funds £ - - - - - - £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Total this year £ 12,704.57 319,487.69 - 11,679.05 2,217.00 346,088.31 £ (3,330.66) 553.44 - 176,239.27 5,829.21 102,451.04 5,609.72 10,164.51 7,820.06 9,642.62 1,543.96 4.00 137.94 1,104.03 1,200.00 - 382.30 325.00 8,289.44 - 139.05 161.26 124.31 333.50 724.52 2,349.20 79.96 155.00 5,393.29 5,899.75 5,030.32 148.06 791.09 1,606.98 350,902.17 (4,813.86) 157,072.76 152,258.90	Total last year £ 142.00 255,964.40 - 3,183.50 5,675.67 264,965.57 £ 11,248.21 414.65 203.68 117,286.82 1,944.44 78,340.58 2,075.25 10,659.90 3,386.80 9,072.02 1,908.22 4.49 62.41 38.50 1,200.00 8.00 1,357.13 1,764.50 10,227.76 (13,478.86) 3,392.24 113.60 16.25 - - - - - 2,281.66 2,861.94 3,607.83 1,061.59 972.00 844.20 252,875.81 12,089.76 144,983.00 157,072.76

Page 3

THE MAGIC COTTAGE BALANCE SHEET AS AT 31ST JULY 2023

Note FIXED ASSETS Fixtures and Fittings - nett of depreciation Motor Vehicles - nett of depreciation Caravan - nett of depreciation CURRENT ASSETS Sum up Debtor Stock of purchased goods Other Debtors Prepayments Cash in hand Cash at bank TOTAL ASSETS CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Expense creditors NET ASSETS FUNDS OF THE CHARITY Unrestricted funds Restricted Income funds TOTAL FUNDS

Signed by the following two trustees on behalf of all the trustees

Print Name Date of Approval

Page 4

THE MAGIC COTTAGE

NOTES TO THE ACCOUNTS

NOTE 1 - BASIS OF PREPARATION

1.1 Basis of accounting

(ii) the Charities Act 2011.

1.2 Change in basis of accounting

There has been no change to the accounting policies (valuation rules and methods of accounting) since last year.

1.3 Changes to previous accounts

No changes have been made to accounts for previous years.

NOTE 2 - ACCOUNTING POLICIES

INCOMING RESOURCES

2.1 Recognition of Incoming resources

These are included in the Statement of Financial Activities when:

(i) the charity becomes entitled to the resources;

(ii) the trustees are virtually certain they will receive the resources; and

(iii) the monetary value can be measured with sufficient reliability.

2.2 Incoming resources with related expenditure

Where incoming resources have related expenditure, the incoming resources and related expenditure are reported gross in the Statement of Financial Activities.

2.3 Grants and donations

Grants and donations are only included in the Statement of Financial Activities when the Charity has unconditional entitlement to the resources.

2.4 Investment Income

This is included in the accounts when receivable.

EXPENDITURE AND LIABILITIES

2.5 Liability recognition

Liabilities are recognized as soon as there is a legal or constructive obligation committing the charity to pay out the resources.

NOTE 3 - DETAILS OF CERTAIN ITEMS OF EXPENDITURE

3.1 Fees for examination of the accounts Independent examiner's fees for reporting on the accounts	2023 (£) 1,200.00	2022 (£) 1,200.00

Page 5

THE MAGIC COTTAGE

NOTES TO THE ACCOUNTS (CONT'D)

NOTE 4 - DEBTORS AND PREPAYMENTS

Analysis of debtors: amounts falling due within one year

Sum Up Debtor Other Debtors Rent Prepaid NOTE 5- CASH AT BANK AND IN HAND Cash at bank Cash in hand NOTE 6- CREDITORS AND ACCRUALS Analysis of creditors: amounts falling due within one year Accountancy Staff wages HMRC - PAYE/NIC Pension Sundries		2023 (£) 574.99 3,667.84 6,897.10 11,139.93 2023 (£) 63,020.81 3,289.38 66,310.19 2023 (£) 1,200.00 2,342.84 1,742.80 169.09 4,681.36 10,136.09	2022 (£) 1,434.10 2,703.36 12,986.52 17,123.98 2022 (£) 70,325.66 10,734.68 81,060.34 2022 (£) 1,200.00 9,879.29 3,515.06 294.02 - 14,888.37

Page 6