## 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 re￿1vable
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 a￿1 Fittirys- nettof dEpr￿ariOn
M¢torVehides- nett 0fdepr￿iatio
Caravan- nett of dep￿clI￿on
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
s￿ck 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 obl￿ation 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-.aMDuntsfallingduPwhhinonp￿r
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
A￿lY5￿￿Of￿￿d￿..4MQu￿ts￿l1IRtrf￿ewSthIn0n0yE?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
fi￿73.43
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 t￿t 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 conSide￿d 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