The Charity Registration Number is :_ 208220 Magic Curl Charitable Trust Report and Accounts 31 March 2024 Maglc CUTI Charitabh T￿￿1 Tru6tsos' Annual Report for the year ended 31 March 2024 R•f•r•nc• and adminlstratlv• d¢tslls rhe ch•rlty nam• The lydal name of the ¢harltyl8.'. Vaglc Cwl CharftaLleTrust The rjwrfty * a￿0 knwn by Its cpw¥lrwJ name. ￿q9￿CUtI charitab￿ Tn The ch8rty 1$ rÉglaleToO In EngLqThA &W8les ththe ChaTIty C￿MIss￿ln kn En￿d & WthslCCEWI i*arfty numb8T208220. chartty d¢¢s notopeTrle In any oversw jurf*1klJons. The wrnlrvJ docurnant Is dat￿ 1810512023 Thara are no r&8trietions in the governiro documents on tha op8ralk)n of tha Chartty oron its Investmenl powers otherthan th)8e irnpyjs￿1 by Charty Law, Th$ trugt866 are 811 1ndlvkl￿. Maglc Curi Charltabl• Trust Trustees. Annual Report for thé year ended 31 March 2024 Th• prlnelpal address oftht ¢h•rltyar•:_ 108kfi8ld Court whfjtehouse Avenue, 8ryehamwcthl HA7 Th• TTu•t••s In tsffi￿ on th• d4t•th• r•portw•sapwa¥•d WWE:. am Joel Go￿rnan Susan Lyd& GohYmHn Yaacov MataD Nnn Th• fr+11th￿n9 pvsons s•rv•d as th• y••r end￿ 31 MarGh 2024 :. Thv tru8te88*th0 s¢Thed 88 a trustea in the rewrung ￿re as ¥hown 8bove. ObloGts and xdvltl•s of tho charlty The purpos8s of the ch*rfty as set out In Its gov6mlng docum•nt. The charity3 objectives are to provhje the relief 8nd asslstsnc8 of pwr and ￿ persons, irre$Fecttve of colour. fac8 or crwj. Tho ams and obiecbvas of the tharity for future ￿rI1)ll$ remain tho Same. The tnBteg5 hav• had regard to tl* Charity Commls8Ion'8 ouidgrKg on putlic bengfft in manryiThJ lh8 actiwtses of the charlty. Structure. gov•rnance and management of th• charlty The methods useé lo rncruil and appolnt new ch•tlty truste FuLu￿ trustoès are reuuit&1 and appointsd by the e￿$ting tru5tees.The charity ts govem&J bythè tsrn)s of 118 charitable trust de*. and all d￿1$￿?￿8 arg made by tha trLtstees. Maglc Curf Charltsble Trusl Trustses. Annual Report for the yéar endèd 31 March 2024 Flnan¢lal rnvlow The charfty* flnandal p05itioft al tho end of the ￿rended 31 Marth 2024 The finartlal posMc4) ofth8 ch8rlty at 31 Mareh 2024 aKJ conw8r8tives forthtr ylor per￿d. as n￿re fully¢Jetaled In tha accKJurts. can be 88 f￿10￿:. 2024 2023 Nét Incorne 36,418 Unr9Strh*6d Revonue Funds availryb￿ kn tho g9n8r81 wrposesoftho tharity 3e.418 TolAI Fuftds 36.418 Dotalis of Tho Indep•nd•nt Examlnar Nfk Fther FCCA Ffjlknw OfChart￿ AC￿￿tants Cevon8hh8 H￿￿0 $82 Fkjneypot Lane HA7 1JS Magl¢ Curf Charltable Tn￿1 Trustees. Annual Report fcr the year ended 31 March 2024 statsment of the Diroctors Trusto•9' Responslbllities The chaws IrLEt885 are reskxl￿ltA9 for Ihe preparation acwunts In ￿cOrda[￿ ￿th tamis of Cornp8nies Act 2006, ts Charib85 Act 2011 and the Charitias (Accounts and Re￿rts} R89ulatlorts 2008. NolwithstsThJiTrJ the ewiryt reqUir￿ent in the *xt8nt statutory regulations.th8 Charilies (Accounts arKI Raportsl Regu￿10n5 2t)38. to prepare the finandal statements in accord8n¢g wtth the SORP 2005, in wéw ofthe facl Ihat the SORP 2CK)S h85 b8en ￿t￿raW￿, Ihe TTUStees deterFnined to interpret thi8 r95p)n5ibilty as requiring them to follow current best pracbce arKJ prepare t1￿ &COLmts accoTdiro to the FRS 102 SORP IStat•mont of Re(y)mmend&Y Practice for Ae(ountlruJ R8￿rti￿ by Charfuesl 2015, las amended by the Bulletin Issu•J in Ociober 2018 aNJ appllcable to all 8cmuntiro Feriods bÈginnrt on or aftèr 1st January 20191. (The SORPI, - In particular. the Companies Act 2006 and charity law require the Board of Trustee5 to V8para fin8nci81 statements for each fina￿JAI yearwhkh gi￿ a trug ath1 falr vlew of th8 stat8 of affairs of the charlty as *tha ofthe financlal y8¥ aThJ of the Surplus or defich ofthe ctsrfty. In prepariJYJ t￿￿se￿nanC￿￿l statern￿ts the Board Is requlr&J to:_ - to prepare ts accounts in accudanc8 With unit￿ ￿￿dorn Genwally Accept Accountiro Practi¢0 (Unth1 Kkngdcffl A￿￿unts￿J sta￿ards and applicab￿ lawl. - Sow suftaNe accwnting [K)li￿aS and aFvly thgm ¢onsIs￿tlY,. - makejudgemènts and estimates th3t are reaSona￿e and prud8nt,. - lh¢ finandal Statem￿ on th• golrvJ (xJnc8m bask% unless it is inapproFYlate to presume that the charity ￿11 contlnue li bu$inoSS; . state vthether aP1A￿the accounting stsndards and ststernènts of reccmrngt¥Jed practke hav8 b88n fdk)wa, Subpct to any mat&ial departu￿ dISck)5￿ 8nd expkined ￿ the fin￿nTr￿ statements., Thtr ￿ requires that the trusteas nmjst Tr)t appr¢)ve the accojnts unw thay are satisfi￿1 th81 they gNe a true and fair vithyof thè st8tè crfaffars of tl* chgrlty of the surp1￿ or defidt of th8 charity forth8 year. Thè Trustees are 81so ￿spOn$t1￿ for m￿r￿a[nIT￿ aequate ￿(x)unti￿ records vthich di5cIoso w￿h reasonab￿ accuracy at any time the financi81 wsition ol the charity and whkh are sffjaent to show and 8xplaln the ¢hariWs transactions arKI en8ble them to ensure Ihat the finanrAal statements corrpty the compan￿ Act 2006 and compty wNh r￿ulatiOr6 made und8rthe Charftias Act. aro d80 fesF(Jrtsible forsaf8guarding the assets of thè charity and hencefor tskw reasonable for the prèvention and detectK)n of fraud aTKI 0th8r IrregUlar￿e9. The Trustees are atso re5pL￿tsib￿ for the ¢x>ntonts of the Trustees. rwrt. aThJ the statu r8StK)nsiiNlity of the IndepeThJ9nt Examlner th r81abon to Ihe Trustees. r8WJrt k% Ilmit￿ to examlning th8 r4port and ertsuriThJ that, on theface of th8 f8F¥xL there arg no fflat8ri ineonslsteroe8 wtth fyures di￿￿)Sed in th￿fina￿la1 sialwn8nts. M¢lhod of prep•ratloD of a¢￿unts. Small company provlslons Thtr financhl st*rnÈrts Impl￿antir0 the FRS 102 SORP Istsiemanlor Recgmmerthj Practice for ACc￿￿tily￿ a￿1 RewrtiNJ by Charits8612015, las arnen￿￿ by the Bulletin ISSU￿ Sn ¢knber 2018 and Sp￿1caNe to all8(￿OU￿￿￿j pericxjs b8glnnlNJ on or after 1st Janu8ry 20191. ITha SORPI, aTrY In a¢wr 8 C1 {3C(I} Net curY•nt assets 38.418 The totsl n•t ass•ts ofthe ¢h•rlty 36A18 Th• total n¢t assets of th• tharltywe fund¢d byth• fund• ofth• charlty, follows.'- Rostricted fund• Unrnstrlct•d Funds Unrestslcted Revenue Fund8 11 D3 36,418 36,418 tlo•ignat•d Fund Total charlty fund .418 The'SORP R&f Indicatad above 18 the ¢1o$sificatNm Of Balan￿ She81 items as set out In the forn￿7 SORP documents. As required by pardgraph 4.60 ofthe SORP, Ihe brought forwgrd and caryBd foThYard fijnds abovè have been agreed lo the SOFA.. The members not required th6 chth to obtain an aud The direclots acknovAedge thèir rgspon$lbllTdes for ¢x)mplying wlth the r￿uIrements of th8 Companies Act 2006 wlth resp8cI to accounlSng record$ and the preparation of accounts. Th8 finandal statements have been pr8par8d ￿ acwttjance with the rAovL8lons in Part 15 of the Compani9s Ac12006. applicabi8 to compani&$ sublect to the small companios ￿lme. Adam Goldman Tnjslee Approved by thè oftru8ts68 on 1 Njvemter 2024 Maglc Curl Charftable Trust Notès to tho Accounts for thfr year onded 31 March 2024 1 A¢countlng pollcles Pollci•s relallng to the prnduction of the accounts Ba¥1¥ d proparntlon and account5ng conv•nllon w)unts ha￿ iw8n on the 8￿ru878 basi$, uThYer the hL8torlcal o)st cw¥èntion, aThJ In #ttordance with the Fln8nclal RewrbrvJ StaTK%grd 102, Idfective 131 J8nuary 2016} a￿,FRs 102 SCIRP {St8tomant of thorn￿￿jed Praelica for A0￿UntIrQ ￿ R￿OI￿r@ by Ch8ritie512015, las arneDd￿l try the Bu118tin i&su8d in (Mober 2018 applICab￿ to all accountiry b8giMing on gr after 1st J8nuary 20191. (The SORPI, publlsh8d by the Charity CotnmissK)n in England & wa￿ ICCEWI, &ff&tNe January 2016, , and in accordancé wrth all 8pFltable law in the tharfiY8 jthsdictK)n of wislratlon, exc¥rA that the charity has ￿epar￿ the Inar￿￿ ststèmants in a¢(￿r￿an￿ wth th6 FRS 102 SORP Iststem￿t0f Re¢0mM8ThJ￿ Pract1￿ forAccountin9 and Reportirg by Charities) 2015, la% Amen(1￿ by the BulleJn ISSU￿ in C*toLw 2018 aTrJ applicable to all aceountiro peri(KJs beolnnlng on or after 1st January 20191. crhe SORPI, in yef8r8nce to th8 previou5 SORP, the SORP 2005, which has withdrawn. r¥)Iwitrstsndir& the fact that thè axiant ststutory wuLgtions, the Charities IA¢eounts and Reports} Regulations 2008 reler expliritty to thè SORP 20(kS. This h85 t*on done to accord eJJff8nt test praijice. Golng Coneern The Trust885 are satisf*d that, 81 tha tim8 of aFproMr9 the finandal statsments. 8pprc4xiato to ￿0p1 the ￿Ing CC￿ern b8sl8 in PTepariThJ th8 ffin8naal statements. Thg TrLtstees are not aw8re of any mat&lal tainitgs ab)ut the chariws abilty to continue 85 B g(¥rvJ concern. Rl•ks and f￿Urn a￿UMp￿onS Th? chprity is a publ1¢ fmefit ￿tity. Pollcles relorfng to categorf8s of inGOm and Incom• recoqnlllon. I InrA)rlle is recc4Jnis&J once th8 charity has ￿lt￿￿nent to thè income, ￿ is prcl)abl¥ that the irthme will be reca¥6d arKI the anKJunt of incomo rwivabb c•n be m885w8d r•llat4y. Pollclos r•lorfng to expendllurn on goods and $grylG8$ pn)vidod to th• Charity. polici￿ r¢lJtlng to ass•ts. liablllrf•s ￿￿prOVISIOnS and Ott￿ m•tt8rn. Crgdbtors provl$lon$ Llabillbes aré recognlsed wh8n Ihera 15 an oblbalK)n 8t Ihe sheet dats 8$ 8 result of a past •vent. it i8 rrfob8b￿ that a transfer of ￿nOrfc Lrfrt wll be rwuirad In Settlem￿ th8 amount of the settlernent can b& sslmated reliatAy. knabiliti8s are recogn1$￿1 at the amunt that thg charity anti¢ip81ès it vlll pay to $8tU8 thè debt or the 8mount it has receN￿ as advanc8d Payrn￿ts for the ds or5&vices A must pro￿de Fund AGcountlng Unreslrfct&J knds are 8vailaEYo for use at dIS￿l￿)n ofth•truste85 in furtherance ofthe generdl otWve5 of th8 c17arlty. Magic Curl Charftable Trust Notss to Iho Accounts for th8 yaar ond•d 31 March 2024 Th?re are no endo￿ fuTrJs. 10 Magic Curl Charltable Trust Notss to the Accounts for the year ond•d 31 March 2024 2 Llablllty to taxatlon The Trustee5 consider thal tha cnarty sat&fi88 the tests set out in P8r8gr8F41 1 Sch￿th 6 of ts F￿ance Aca 2010 tr UK eorporalK)n tsx pu￿&$. Accordiryty. th8 Chaiiiy is rotsnti811y 9xerTVt from taxation in T8spect of or capital gal￿ T￿l¥£d wthin categories covar￿1 by chapter 3 part 11 of t Corporalk?n Tax Act 2010 or S8ctv)n 256 of the Tax*K>n of Chargeatje Gain5 Act 19W2, to the 9Xteni trtat such in￿rne ￿ gaiTh8 are applied 8xrJu5iv8ly on the spedfic Charits￿e objects of th8 charty and lor rK) othar purFN)se. Value Added Tax Ss not recoverabl8 by the charity, 8nd is therefore induderj In the rele co8ts in the St0teN*nt of Finaneid ACti￿t[e8. 3 Windlng up or digsolutlon of th• charlty If u￿n W1￿11n9 up Or d&solutlon of tho eharfty there rernain any 8$$ots, after the $atisfacttin of all debts 8fKI li8bilRies, the assets repTOsanted by Ihe ￿Umulat•d fuThJ shall be tr￿SIerr￿ to some Olhèreh8ritabla tThly or tr*Jdi8s ha￿Thd sirNl8r otrpds to the charity. 4 Slgnlficance of flnanclal instrumonts lo th• charltys position The Charty onty has finanei81 assets aTrY financrtl Itabilltles of a k1￿1 that qualrfy as b&slcfinanJ81 instrurneTrts. Basic financial ir￿trUMents are initl81ty rwJniwJ attransactton walua an(J $th58quenlty n￿su￿1 at th9ir $eltlwnent Val￿ with thè exceptk)n of bank loans vknlch are sub8e4went M￿ur￿l at amth58d thst using the 8ffecti¥e interest method. 5 ￿mUn•fat1on and payments to Trustws and persons connected wlth th•m No trusteas or pers￿5 ¢onnectets wth thgrn fy¢giv•Y any remungration from charity. or any thtej ty. 6 Credltors: amounts falllng dug wlthin one ye•r 2024 Accnjals 7 Loans to trustees o￿luded in dobtors Thara arn Tr) loang to Trust88s 8 Guarant••s madg by the charity on behalf ¢rf trugtees Th8re are no l)ans lo Guarantees 9 Incom• •nd Expendltur• a￿OUnt summary 1 Aprll 2023 Surplus after t8xfoT the year 3&418 At 31 Mvch 2024 30A18 11 Maglc Curl Charltable Trust Notos to the Accounts for the yoar ended 31 March 2024 10 Partkulars of h¢)w particular fund8 aro ropr•g•nted by as¥•ts and Ilablllile8 At 31 Mwch 2024 Unr•thict•d O•¥19rbDtad Rwtrlded fundy fund fundi Current Assets Currerrt Liabi1Sl 36.718 13CQI 36A18 At 1 April 2023 UHrn¥tri¢t•d Du*lwi•d Resffic fund¥ funds CAJrrant Ass8ts Current Uabllft 11 Changg In total funds over the y8ar aB shown In Nots 10 , analyged by Individual lunds brou￿ mO￿￿terrt in Trabxfw8 farwardfr•m fuDd¥ in 2024 bat4¥e•n 2023 In 2024 800 Nd• 12 Unrestn"ctgJ Revenue FurvJ$ 36,418 Total unrestrlcted and desigb)thd fund• 36818 Tota ¢hwltyfund8 36,418 12 An•lysl8 of movthlgnts In funds over the year a5 shown In Nots 11 24 2024 2024 Unrestrlctedand d•$ffgnat•dfurKI&'. UnrethCt￿j Revenue Fund 45,762 19,344} {9.344} 12 Magic Curl Charitablo Trust Noto8 10 tho Accounts for the ￿ar ondod 31 March 2024 13 The purp￿$ for whlch Ihg fvnds aro held by the charlty:. T￿8 lund8 arg habj forthe meeting the 011￿0V&S of tho charfty, and to provbJ& res8rv8s forf*Au￿ athities. arys. subiectto charity l&Jlslalion, arefreg frDm dl restrfctions on Lknrnstrthj Revenue Fu 14 Ultlmate controlllng party Th$ ch￿ty ks UKler the contrd ot its *al m•rrt)ws. Ev*ry mamb8r of th• charity has unlKnf(ed jcint and several liabilty forthè dèbts ol the charlty. 13 M•glc Curl Charitsbl• Tru8t Dotslled analy818 t*ln¢om• and exp8ndi￿re for the yew enthd 31 2024 a• req￿r0d by tho SORP 2015 Thls analysis is elassslfied ty¢onYèntlonal nomln•lde8crlptlon$ •ndnottyactlvlty. 15 Donatiom, Grants and Lepci Tot•1 Fun Funds Funds 24 Tofal donations frc4n Indfvh*J41# 45.742 45.742 T¢)tsl DonBtloM. Grnnts •nd Legaclos A1 44742 45.742 16 InNYslm•nt Income CvrNrty•or CurreThtyw Cuwrryrf>w Vnr•strfct•d R•*i¢i•d Tcl41 Fun FuThJs 2024 Bank 1ntère￿RScthabL% TrAal Inv•strMht iK•m• 17 Expondltur• on ¢hwitabl• *¢ll¥ltbgs. Grnntlundlng of xllvll•8 Cuvr•ntyellr C￿1￿￿11Y•lr Cwr•nt>wi lJnmtrlrt•d Rwirfct•d Tvl•l Fynd Funds FuTrJv Curnt Yw 2024 Grants to organisatior Total grthjmkkno costs wr•rntyw Cwirth￿r Cllrtsnty•ar R•itrkt•d Tot•1 Fyndo Funds 2024 Grants madè to organbalkffj8 7.815 7.815 14 Magic Curl Chwitabl• Trugl D•tsNod a￿ly$￿ of and •xp•ndttur•forthe yaw gnded 31 March 2024 as r•qulred by thè SORP 2015 18 Oth•r Expendltur•- Governance colts Uhrtstrfctsd R••trW•d Tgt•l Fw F￿dI Fund*b C(rnt Ythr *)24 2D24 300 19 Totsl Charltablo •Xp0ndi￿1¢ Cutt•rtyw CurTert yew Cuvrertbw Unr•Jtrkt•d ROVtrkt￿ Totsi Fun FundB Cunwrt Yw 24 2021 Total grantrn8kiro eosts Total Govern8nce B2c 300 Tolal ch•ritsbl8 ex￿ndI￿re prtoryaar PrfDrY•or PrforY•ar Unr•rtrl¢l•d Rwirfthd T<*•1 FuTrJ• Fund¥ F¥nd• prtor Y￿r 2023 Totsl grantrnaking costs Toial GovemarKe costs 82¢ B20 T¢i•l ¢harltablo•xPend￿1• 15