Magdalen College Trust CIO – Registered Charity number 1161056 – Report for 2023- 2024
In the past year the Magdalen College Trust has made awards to the following organisations:
| June 2023 | Cause/ Charity | Grant£ |
|---|---|---|
| The Porch, Oxford | 500 | |
| Oxfordshire Sexual Abuse and Rape Crisis Centre Restore Mental Health Charity |
500 500 |
|
| Unireach | 500 | |
| South Oxford Adventure Playground | 250 | |
| Oxford Refugee Health Initiative | 1000 | |
| Jacari Oxford | 500 | |
| Asylum Welcome Oxford | 500 | |
| Oxford Mutual Aid | 500 | |
| Didcot Railway Centre | 250 | |
| The Mill, Oxford City Wellbeing Hub of Oxfordshire's Mind Cowley Road Works |
250 250 |
|
| Subtotal | 5500 | |
| November 2023 |
||
| Budongo Conservation Field Station | 250 | |
| Home-Start Oxford | 400 | |
| Reclaim the Sea | 500 | |
| Asylum Welcome | 500 | |
| AIMS (Multiple Sclerosis charity) | 500 | |
| Great Ormond Street Charity | 500 | |
| Oxford Amateur Rowing Club | 500 | |
| Alsama Project | 500 | |
| Papyrus Prevention of Young Suicide | 500 | |
| South Central Ambulance Charity | 500 | |
| East Oxford Primary School | 350 | |
| Mid Cheshire Foodbank | 500 | |
| Parkinson’s UK | 500 | |
| Subtotal | 6000 | |
| February 2024 |
||
| Oxford Nightline | 500 | |
| Oxford Mutual Aid | 1000 | |
| Medical Aid for Palestinians | 1000 | |
| The Amateur Entomologists'Society | 1000 | |
| Riverside Counselling Service | 500 | |
| Subtotal | 4000 | |
| Total | 15500 |
29 of 55
Bids were received from JCR, MCR, and SCR members, and were considered by the MCT Committee in light of the MCT’s objectives:
(2) The Objects of the Charity are to advance education and to advance citizenship and community development by encouraging, facilitating and providing opportunities for the full participation in charitable activities, and in the management of charitable activities, by the present and former members of the Governing Body, Supernumerary Fellows and Students of the College.
-
(3) Without limiting the generality of subsection (2), the Charity may, in particular, pursue activities:
-
(a) in which Ordinary Members are involved; and
-
(b) for the particular benefit of young or underprivileged people; and
-
(c) for the benefit of the people of the Parish of St Mary, Somers Town, London.
PB RB AB 8/10/2024
30 of 55
Registered Charity the Magdalen College Trust CIO Number 1161056
MAGDALEN COLLEGE TRUST
ACCOUNTS
For the year ended 31 March 2024
Page 1
MAGDALEN COLLEGE TRUST
RECEIPTS AND PAYMENTS ACCOUNT
For the year ended 31 March 2024
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| £ | £ | £ | |
| INCOME | |||
| Donations and subscriptions: | |||
| Legacy | |||
| General Donations | 143 | 156 | 216 |
| Junior, Middle and Senior Common Rooms | 5,522.50 | 6,847.14 | 6,585.15 |
| Gift Aid | 0 | 0 | 0 |
| ------------ | ------------ | ||
| 5665.05 | 7,003.14 | 6,801.15 | |
| Income from investments | 12,834 | 10,772 | 16,503 |
| Interest (CAF Bank) | 3.6 | ||
| ------------ | ------------ | ------------ | |
| Total income | 18,499.40 | 17,775.14 | 23,304.15 |
| EXPENDITURE | |||
| Grants | 11,100 | 19,000 | 2,250 |
| Sundry Expenses | 0 | 0 | 0 |
| Bank Charges | 15 | 0 | 0 |
| ------------ | ------------ | ------------ | |
| 11,115 | 19,000 | 2,250 | |
| ------------ | ------------ | ------------ | |
| SURPLUS FOR THE YEAR | 7,384 | -1,225 | 21,054 |
| ======= | ======= | ======= |
Page 2
MAGDALEN COLLEGE TRUST
STATEMENT OF ASSETS AND LIABILITIES AS AT 31 MARCH 2024
| 2024 2023 2022 2018 |
2024 2023 2022 2018 |
2024 2023 2022 2018 |
2024 2023 2022 2018 |
2024 2023 2022 2018 |
2024 2023 2022 2018 |
2024 2023 2022 2018 |
2024 2023 2022 2018 |
2024 2023 2022 2018 |
2024 2023 2022 2018 |
|---|---|---|---|---|---|---|---|---|---|
| £ | £ | ||||||||
| Investments,at cost | (Note 3) | 51,343 | 51,343 | 51,343 | |||||
| Investments,current value | 0 0 ---------- 26,502 15968.6 42,471 |
339581.87 | |||||||
| Debtors | |||||||||
| Magdalen College | 0 | 0 | |||||||
| Income Tax recoverable$ | 0 | 0 | |||||||
| Lessprovision | |||||||||
| ---------- | --------- | ||||||||
| Balances with bankers: | |||||||||
| NatWest Current Account | 35,043 | 36,268 | |||||||
| CAF Bank Account | |||||||||
| Total cash held, March 31st 2024 | |||||||||
| ------------ | ------------ | ------------ | |||||||
| 93,814 | 86,386 | 87,611 | |||||||
| ======= | ======= | ======= | |||||||
| $Unrecovered since 2011 | |||||||||
| CAPITAL ACCOUNT Balance at beginning and end of year 45,318 45,318 45,318 INCOME ACCOUNTS Balance at beginning of year 35,043 36,268 36,344 Surplus for the year 7,428 (1,225) -76 Balance at the end of year 42,471 35,043 36,368 ------------ ------------ ------------ 87,789 80,361 81,686 ======= ======= ======= |
Paul Billingham .................................................................
F. D. Rose………………………………………..…
Dated ………………………………..
Magdalen College Trust Bank transactions Y/E 31 March 2024
Donations NatWest Account
date £
Receipts
| TOTAL INCOME (NatWest) Expenditure NatWest Account Grants Auditory Verbal UK Asylum Welcome Cowley Road Works Didcot Railway Centre Edge Housing Home Start Oxford Jacari Magdalen College Trust CIO CAF Acct Nightline (University of Oxford) Oxford Mutual Aid Oxfordshire Mind Oxon Sexual Abuse & Rape Crisis Centre OX4 Food Crew (Flo's Place in the Park) Read Easy UK South Oxford Adventure Playground The Porch Total Donations CAF Account |
chq no | 102.55 | 102.55 |
|---|---|---|---|
| 500 500 250 250 500 500 500 20000 500 500 250 500 1000 500 250 500 27000 |
|||
| R Gilbert R Gilbert |
2.2 5.2 |
20 10 |
|
| R Gilbert | 4.3 | 10 | |
| Transfer from NatWest Account Interest CAF Account Expenditure CAF Bank Budongo AIMS Charity (Autoimmune/MS) Alsama Project Home Start Oxford Parkinsons Disease Society UK Oxford Amateur Rowing Club East Oxford Primary School Great Ormond St Hosp (A. Pott) Papyrus Banking Charge (£5 per month) Total Charitable Expenditure (External Donations) |
15.2 26.3 |
40 20000 3.6 250 500 500 500 500 500 350 500 500 15 11100 |
| Dividends NatWest Account date |
£ |
|---|---|
| 12,834.35 |
| Opening Balance NatWest Total Income NatWest Expenditure NatWest Closing Balance NatWest Opening Balance CAF Bank Total Income CAF Bank Expenditure CAF Bank Closing Balance CAF Bank |
£ 35,042.84 |
|---|---|
| 18,459.40 | |
| -27,000.00 | |
| 26,502.24 | |
| 0 | |
| 20083.6 | |
| -4115 | |
| 15968.6 |