Charity overview MAGIC BREAKFAST
Activities - how the charity spends its money
Magic Breakfast's aim is to alleviate child hunger and poverty as a barrier to education through the provision of healthy breakfasts to children across England and Scotland. This is being achieved through three key activities: food aid, building capacity in school communities to reach every child at risk of hunger and making the case for change to ensure permanent funding for school breakfasts.
Income and expenditure
Data for financial year ending 31 August 2023
Total income:
£10,506,654
| Donations and legacies | £10.22m | |
| Charitable activities | £278.53k | |
| Other trading activities | £0 | |
| Investments | £5.09k | |
| Other | £0 |
Total expenditure:
£7,667,958
| Raising funds | £1.27m | |
| Charitable activities | £6.40m | |
| Other | £0 |
£0 investments gains (losses)
Total income includes £278,534 from 3 government contract(s)
Charitable expenditure
Charitable expenditure with investment gains
Charitable expenditure
Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.
In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.
Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.
By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.
| Raising funds and other expenditure | £1.27m | |
| Charitable expenditure | £6.40m | |
| Retained for future use | £2.84m |
People
85 Employee(s)
12 Trustee(s)
175 Volunteer(s)
Employees with total benefits over £60,000
| Number of employees | |
|---|---|
| £60k to £70k | 3 |
| £70k to £80k | 1 |
| £90k to £100k | 1 |