Trustees Report for year ended 31[st] July 2024
We have had a very busy year. In May 23 we opened the largest Charity shop in Wales. It was an ex department store with over 10,000 sq ft of retail space. It was a mammoth undertaking, housing clothes, bric-a-brac etc., but also having a massive furniture department, a huge bookshop and a bridle, prom and special occasions department. It also enabled us to open a coffee shop in the premises where we were able to provide a “Warm Space.”
It was an enormous task to fill and keep stocked such a building and praise must go to several members of staff, especially Lesley Reynolds and Jill Trotman who would often arrive several hours before their shifts started just to keep on top of the jobs that needed doing!
(Tragically, this building was burned to the ground in Nov 24.)
Through the amazing efforts of our staff and volunteers we have been able this year to help many families.
69 free short break holidays were made available in our fully adapted caravan in Tenby.
14 Special buggies were given away to families with children that had mobility issues.
27 prom dresses were given to young people within our target group.
18 Families were given free places at the “quiet fireworks event.”
We had a couple of special events where we had Travis George, ( a finalist on Britain’s Got Talent,) one of our ambassadors to sing and where we hosted Animals Interactive who brought along a snake, a meerkat, a donkey to name just a few, that the children were allowed to hold and pet.
Over the colder months we put a rail outside the shop for people in need to take a free coat from if in need.
Sometimes it’s the little things that give the most joy, and when an autistic child who had been saving his pocket money but could not afford to buy that favourite toy, we put a smile on his face by just giving it to him.
We have been able to fulfil individual requests from a special harness for the car to noise cancelling headphones etc.
We were able to fund a recording studio session for one young person in our target group who is an aspiring star. Keep a look out for this young man in the future, as we are sure that he will go far.
We opened a Santa’s Grotto with special sessions for the families within our target group.
We were able to supply a number of musical instruments, including guitars, violins a flute etc. to an Occupational Therapist working with young people with additional needs.
In April we supplied several schools with free books for their ALN departments.
50 + Easter Eggs were handed out to children from “Magic Families.”
In January 2024 we were able to present a cheque for £1500 to The play Therapist at the Grange Hospital in Cwmbran to help provide activities for the children whilst in hospital.
We were also able to give 2 x £500 donations to the ALN department of local schools.
In August 2024 Tony Reynolds resigned from the board of Trustees having served as the Chair since the inception of the Charity. He is still involved in a voluntary capacity and we would like to express our grateful thanks for all of his hard work both as Chair and for all the additional work that he has been involved in.
Janet Phillips unfortunately also resigned as a trustee and despite having approached a couple of people who we felt would be suitable replacements we have not as yet been able to fill the post.
In July 2024 we opened The Magic Cottage Monmouth and have received a very warm welcome from the local Council and community.
We have been devasted by the fire In Nov 24 which destroyed 18 months of extremely hard work, but are grateful for the dedication of the staff and the support of the community which has enabled us to continue and which looking back over the previous 12 months has given us the impetus to continue this
work. A ry.MÉLÉTI Angelica Meletiou- Chair of Trustees
THE MAGIC COTTAGE
CHARITY NUMBER 1190613
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] JULY 2024
THE MAGIC COTTAGE . CHARITY NUMBER 1190613 ANNUAL ACCOUNTS FOR THE YEAR ENDED 31st JULY 2024 STATEMENT OF FINANCIAL ACTMTIES Unrestrlct8d Restrict8d Total funds nds this Total Lr last IN OMIN Donation5 and Legacies Shop, Cafe and Online Takings Grants Received Recycling Rent re1vable Caravan Income Other Income Ilncl. car parkl YOTAL INCOMING RESOURCES 130.(X) 372,441.74 io.¢x¥).00 .613.25 11.703.80 5,911.31 13.422.19 421222.29 130.C 372.441.74 iO.(KXl.(M) 8.613.25 11.703.80 5,911.31 13.422.19 421222.29 346W8.31 12,704.57 319.487.69 11,679.05 2.217.00 RESOURCES EXPENDED C05t of Goods Sold Direct Expense5 Café and food Purchase5 Emplo& salaries Ernployer Nl Contributions Self Employed workers Premises rent and service charges Rates on premises Heat, Light and Power Repatrs and Maintenance Caravan Expenses Sum up charees Bank and credit card charges Advertising and Marketing Accountancy Cleaning costs Delivery and Collection costs Depreciation on fixed èssets Ch3riable Donations Staff Welfare Postage Consukancy fees subscript, Licencesartd Sundry Expen*s Refuse Collection5 EqulpmÈnt rental Software and con5urnables Equipment repairs and renewals Insurance Motor and Travellin8 Costs Car park agent fee5 Printing and Stationery Pension Costs TelephonÈ and IrEtemet TOTALRESOURCESEXPENDED 9,237.78 2,287.92 12.380.32 188.618.40 9.022.39 21.646.67 IOD,(YJ6.48 7,558.25 9.410.62 6.520.50 10,617.07 150.23 9,237.78 2.287.92 12,380.32 188,618.40 9,022.39 21,646.67 100,096.48 7.558.25 9.410.62 6.520.50 10.617.07 150.23 $84.94 1.336.09 1,650.CAI 546.03 2LK).00 13.899.20 2,700.17 226.65 231.22 1.250.(M) 483.61 4.204.71 1.308.68 1,850.14 7.357.03 2.753.71 6,164.11 2,638.90 655.93 148.06 917.80 791.09 1,322.33 I,fth.98 430.127.8B 350.90117 13.330.661 553.44 137.94 176,239.27 5.829.21 102,451.04 5.609.72 10.164.51 7,820.06 9.642.62 1.543.96 4.00 1.104.03 1,2CO.00 382.30 325.00 8.289.44 139.05 161.26 124.31 333.50 724.52 2,349.20 79.96 155.00 5.393.29 5.899.75 5,030.32 1.336.09 1.650.(X) 546.03 2(N).th) 13.899.20 2,700.17 226.65 231.22 1.250.(X) 483.61 4,21)4.71 1.308.68 1,850.14 7,357.03 2.753.71 6.164.11 2,638.90 655.93 917.8D 1.312.33 430.127.88 NEf INCQMINGIIOUTfjOINGI RESOURCES TOTALFUNDSBROUGKf FORWARD .SW.591 154258.90 17,905.591 J5125&90 14.813.861 157.OY2.76
THE MAGIC CESH AGE AT31STJ 2024 t4ote AXED As$s Fixtures a1 Fittirys- nettof dEprariOn M¢torVehides- nett 0fdepriatio Caravan- nett of depclIon 2,517.7D 18,091.15 37,995.99 58,604.84 3.356.93 13,585.42 42.811.69 59,754.04 CURR ASSETS Credit(ard Debror sck of purchased iODds OtherDebtor5 Prppayments Cash In hand ta5h at bank TOTALASSErs 416.15 574.99 25,190A3 3.667.84 6,897.10 3,289.38 63,020.81 1Sl39Q99 23.638.72 11,557.9) 4,067.59 4.886.13 47,555AI IS4726.74 CREDITO Expense creditors tWJE WIThINONEYEAR 6.373.43 10,136.09 144353.31 15l15&90 FUNDS OF THE Unre#ritted funds Re5trided Incomefunds TOTALFUNDS 144.353.31 152.258.90 144.35131 15i258.yl Slgned bythefollowingtwotius*es on behalf of all thetrustee5 Ite of Ill Y AILX05 11 /41 io25
ThE MAGICCOTTAGE NOTES TQTHE ACCOUN NOTE I- BA515 OF PREPARATION accountln These aicount5 have bEen prepHr& underthe hr5toTical cost conventioTr with iterns recogni5ed at cost or transaction value unless otherwise stated in the Televant notes to these accounts. The accounts have b&n prepared in accordance with.. lil 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 IFRS 1021 issued on 16July 2014 and with. lill the Charitie5 Att 2011. 1.2 Chan e In basi$ of *(i)untt There hès been change to the accounting policies (valuation rules and method5 of accountin81 since last year. 1.3 Cha usa No change5 have been made to accounts for previou5 years. rev NOTE 2. ACCOUNTING pouaES INCOMING RESOURCES 2.1 Re ion fln ml resoyr These are included in the Statement of FinaacialActivitie5when: lil the tharty becomes entitled to the resources.. lill the trustees are virtually Certain they will receive the resources- and liiil the rnonet3rywdlue c3n be rne35ured with Sufficient rellÈbility. 2.2 Incomin related e endiiure Where incomtng resources have related expenditure. the incoming resour aTrd related expenditure a reported 8ross in the Statement of Financial Artivities. sources 2.3 Grant5 and donations Grants and donations are only included In the Statement of Flnancial Activsties when the Charitv h35 unconditional entitlement toihe re50UTce5_ 2.4 Investment Incorne This is included in the accounts when receivable. EXPENDfFURE AND LLABILITIES 2.5 Llabll nition Liabilities are recogniied as soon as there is a legal orconstructNe oblation committin8 the h3rity to payoutthe re5ource5. NOTE 3- DEfAILS OF CERTAIN rrEPAS OF EXPENDITURE IFe sfor examlnatlon of the attou ZOZ4 [(1.00 2023 I.2(.(] Independent examiner's fees for reportingon the accounts
MOTE4. REPAY Analy5150fdebtors-.aMDuntsfallingduPwhhinonpr CrÈdrtcard Trebtoi OtherDebtvt5 RenlPrépèid 416.IS 11.557.90 4.Q67.59 16NL64 57Q99 a.667.84 6m7.10 11.1>9.93 ATBANK 5hatbank Cash h8nd 47.55541 4.886.13 52MI.54 63.02Q.81 3.289.38 AlY5Ofd..4MQutsl1IRtrfewSthIn0n0yE?V fflta Stsff wage5 HMRC. PAYE/MC li.(1) 1.200. 2.342.84 J.742.PJ) 169. 4.6BI.36 io,u&trJ 1091.10 J84.56 3.097.57 fi73.43 en51 rles Pago6
THE MAGIC COTTAGE
CHARITY NUMBER 1190613
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] JULY 2024
Inde ndent Examinerfs Re ort to the Trust••s of The Ma Ic Cotla I report to the trustees of The Magi£ Cottage on the accounts for the year ended 31stJuly 2024 Res on$lbllities and basls of re As the charity'strustees you are responsible for the preparation of the accounts in accordance with the requiremeTrts gf the Charities Act 20111.the Act"). I report in respect of my examination of the Trust'5 accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given bv the Charity Commission under5ection 14515llbl of the Act. Inde end•nt Examinerfs statement The charity's gross income exceeded £250.000 and l am qualified to undertakethe examination by being a qualified member of the Association of Chartered Certified Accountants. I have completed my examination. I confirln that no mateTial matters have tume to my attention In connection with the examination which gives me cause to believe that in any material aspect:_ 111 the accoultting records were not kept in accordance with section 130 of the Charitre5 Act or 121 the accounts did tt accord with the accounting records or 131 the accounts did not comply with the applicable requirements concerning the forrn and content of accounts set out in the Charitles (Accounts and Reports) Regulations 2008 other than any requirement that the attount5 give a.true and fair" view which is nrt a matter conSided as part of an independent examination. I have no concems and have come across no other matter5 in connection with the examination to which attention should be drawn in this report in order to Ènable a proper understanding of the accounts to be reached. Steve Drake Chartered Certffied Accovntant IF.C.C.A.I 24 James Street. Ebbw Vale, Blaenèu Gwent, NP23 6JG 3rd April 2025