Finance Score: -6

Governance Score: 6

Support Score: 2

Low unrestricted reserves: -2
Multiple Deficits: -2
Fundraising costs high: -2

Dynamic board: +3
Gender balanced board: +3

Grant maker support: +2

Overall GiG Score: 2

MAGIC BUS UK

Magic Bus takes children living in poverty in India on the journey from eduction to livelihood. During this long term engagement, our mentors work with children using activities as metaphors to change behaviour in the areas of education and livelihood. Magic Bus works with 360,000 children and 8,500 youth mentors in 22 states in India and has recently launched a pilot programme in the UK.

Analysis by Giving is Great

Positives:

The charity has received modest backing from a grant maker
The Board appears to be well diversified in terms of gender and dynamic in terms of composition

Financial issues to consider:

Unrestricted reserves appear to be dangerously low at the latest year end
On several occasions in recent years income has been less than spending
Fundraising costs are high relative to funds raised

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff
31/03/23	*	£509	£515	£-6	£104	£159	£120	2.8	4
31/03/22		£523	£481	£42	£33	£164	£157	3.9	3
31/03/21		£424	£471	£-47	n/a	n/a	n/a	n/a	n/a
31/03/20		£426	£575	£-149	n/a	n/a	n/a	n/a	n/a
31/03/19		£573	£681	£-107	£133	£319	£226	4	5
31/03/18		£959	£695	£264	£84	£426	£302	5.2	5
31/03/17		£869	£911	£-42	£91	£162	£25	0.3	5
31/03/16		£916	£873	£43	£212	£204	£17	0.2	6
31/03/15		£1,067	£968	£100	£228	£161	£24	0.3	7
31/03/14		£1,093	£1,107	£-15	£201	£61	£-31	-0.3	5
31/03/13		£1,376	£1,394	£-18	£286	£75	£23	0.2	5
31/03/12		£1,103	£1,029	£74	£188	£94	£47	0.6	2
31/03/11		£596	£623	£-27	£160	£20	£11	0.2	2
31/03/10		£487	£499	£-11	£0	£0	£0	n/a	0
31/03/09		£411	£411	£-1	£0	£0	£0	n/a	0

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Financial Ratios

Fundraising Costs/Relevant Income: 21.1%
Fundraising Costs/Total Spending: 20.2%
Highest pay band: Less than £60,000
Liabilities/Assets: 30%
Liabilities/Income: 13%
Unrestricted Funds/Total Funds: 75%
Reserves/Spending: 2.8 months
Net Current Assets/Spending: 4 months
Quick Ratio: 3.2

Asset Split ?

Established: 16 years

www.magicbusuk.org

info@magicbusuk.org

07395586181

Charity Commission for England and Wales

Tweets

Listed activities

Amateur Sport
Economic/Community Development/Employment
Education/Training
General Charitable Purposes
Human Rights/Religious Or Racial Harmony/Equality Or Diversity
Overseas Aid/Famine Relief
Recreation
The Advancement Of Health Or Saving Of Lives
The Prevention Or Relief Of Poverty

GiG Classification

Other facilities management and maintenance

How it operates

Makes Grants to Organisations
Provides advocacy/advice/information
Provides buildings/facilities/open space
Provides human resources
Provides services
Sponsors or undertakes research

Where it operates

Bangladesh, India, Nepal,

Who it helps

Children/Young People

Who works here?

4 employees

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Specific Donations

Amount	When Months	To be used for
The Wimbledon Foundation - India Covid Response Urgent Appeal
£15,000	04/05/2021	Magic Bus's emergency response to the covid crisis in India
Guy's and St Thomas' Charity - Magic Bus Explorer
£100,000	18/10/2016	Through early intervention and an integrated PE & PSHE primary school curriculum the Explorer programme aims to develop children and young people’s social and emotional learning skills which ....more Through early intervention and an integrated PE & PSHE primary school curriculum the Explorer programme aims to develop children and young people’s social and emotional learning skills which would build their resilience and maintain their social and emotional well-being.

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (5)

Current Trustees appointed

Gender Split

Age Range of Trustees: 48-67

NED WILLS Appointed: 2024, Occupation: Chief Executive

SANJAY JAWA Appointed: 2021, Occupation: Chartered Accountant

RUBY PARMAR Appointed: 2013, Occupation: Partner - Pwc

SAMANTHA NAYAR (Chair) Appointed: 2018, Occupation: Strategy And Communication

CLIVE LEWIS Appointed: 2018, Occupation: Company Director, Other trusteeship: NEWLIFE THE CHARITY FOR DISABLED CHILDREN,

Legal constitution

Charitable company registered in England & Wales on 30/06/2008, number: 1124753
Registered at Companies House on 30/04/2008, number: 06580717

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Complaints handling
Complaints policy and procedures
Conflicting interests
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Paying staff
Risk management
Safeguarding vulnerable beneficiaries
Social media policy and procedures

Filing Record

15 returns made; AR23: 62 days late,

Main office

CAWLEY PRIORY
SOUTH PALLANT
CHICHESTER
WEST SUSSEX
PO19 1SY

Objectives

TO RELIEVE POVERTY, PARTICULARLY AMONG CHILDREN AND YOUNG PEOPLE, INCLUDING THROUGH PROMOTING, PROVIDING AND SUPPORTING COMMUNITY SCHEMES INCORPORATING: MENTORING; EDUCATION AND TRAINING; ENHANCING EMPLOYABILITY AND LIVELIHOOD SKILLS; LEISURE, RECREATION AND SPORTING ACTIVITY; AND ADVICE AND INFORMATION ON HEALTH, EQUALITY, DIVERSITY AND SIMILAR ISSUES.

Defined Area of Benefit:

OVERSEAS

Data Sources