## |CONTENTS|||| |---|---|---|---| ||||Page| |Charity Reference and Administrative||Details|| |Trustees'
Report|||Zto5| |Statement of Financial Activities|||| |Balance Sheet|||| |Unrestricted
Funds|||| |Restricted
Funds|||| |Endowment
Funds|||10| |Notes to the Accounts|||21to 20| |Independent
Examiner's|Report||21| ## ## |Charity Iao.|Charity Iao.|Charity Iao.|Charity Iao.|Charity Iao.|528253|528253|528253|528253|528253|528253|528253|528253|528253||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |TRUSTEES SERVING IN YEAR TO 5APRIL 2021|||||AT DATE OF APPROVAL OF TRUSTEES' REPORT UNLESS|||||||||OTHERWISE|| |INDICATED|||||||||||||||| |Ex Officio Trustees|||||The Mayor of|Newark
- Cllr||I Brown —resigned||||May 2021|||| ||||||||- Clfr|L Geary —appointed||||May||2021|| ||||||The Rector of|Newark -Reverend|||D Pickersgill —resigned||||||October 2020| |Nottinghamshire|||County|Council Trustees|5Wallace||||||||||| |Newark|Town Council Trustees||||I Baggaley||||||||||| ||||||I Henderson||||||||||| |District|Church Council Trustees||||I Howlett||||||||||| |Co-optative||Trustees|||M D Beaumont||CBE (Chairman)||||||||| ||||||G SCartledge|CBE|||||||||| ||||||) I Derry (Vice|Chairman)|||||||||| ||||||A) Feam||||||||||| ||||||M Fumess QC||||||||||| ||||||D Saxelby||||||||||| ||||||R LWatkinson||||||||||| |Clark to|the|Trustees|||Mrs A Allison||||||||||| |Administrator|||||Duncan
&Toplis||- Chartered|Accountants|||and Business Advisers,||||| ||||||14London Road, Newark,
Nottinghamshire,||||||NG14||1TW||| |Charity|Offices||||Olympic
House,||Doddington|Road, Lincoln|||LN6 3SE||||| |Independent||Examiner|||Adrian
Haigh,|Stephenson
Nuttall|||& Co.,|Chartered|||Accountants,||| ||||||6/B Castle Gate,||Newark,
Nottinghamshire||||NG24 1AX||||| |Bankers|||||National
Westminster
Bank|||PN|||||||| ||||||1 Market Place,||Newark,
Nottinghamshire,||||NG24 1DY||||| |Property|Agents||||Brown 8 Co.,The Old Bakery, 3||||Norman|Way, Melton||||Mowbray,|| ||||||LE131)E||||||||||| |Investment||Advisors|||Brewin
Dolphin||Securities
Ltd.||||||||| ||||||Olympic
House,||Doddington|Road, Lincoln,|||LN6|3SE|||| ## ## ## ## ## ## ## ## ## ## |THE MAGNUS EDUCATIOFIAL FOUNDATION|THE MAGNUS EDUCATIOFIAL FOUNDATION|||||||| |---|---|---|---|---|---|---|---|---| |STATEMENT OF FINANCIAL ACTIVITIES||||||||| |YEAR ENDED 5APRIL 2021||||||||| |||Unrestricted||Restricted|Endowment|Total|Total|| |||Funds||Funds|Funds|Funds|Funds|| |||Page 8||Page 9|Page 10|2021|2020|| ||||E|E|E|E||E| |Income and endo
ments||||||||| |Donations||||||||| |Investment
income||227|084|||227084|230|064| |Total income and endowments||227|084|||227084|~230|064| |ddd
d||||||||| |Costs of raising funds||76,429|||6,179|82,608|53,213|| |Charitable
activities||109|759|48433||158 192|2~03|587| |Total expenditure||1$6|1$8|48 33|6179|240800|~256|800| |Other reco nised
aine
losses||||||||| |Gains/(losses)
on revaluation|and on|||||||| |Investment
asset disposals||30,749|||197,083|227,832|(151,947)|| |Gains/(losses)
on revaluation|on|||||||| |Investment
properties||||||||| |Total other recognised
gains/(losses)||30|749||1 7083|227$32|~251|7| |itet ilncome/(expenditure)||71,645||(48,433)|190,904|214,116|(178,6$3)|| |Transfers between
funds||4|433|433||||| |Net movement
In funds||23,212|||190,904|214,116|(178,683)|| |Reconcgla
I
n off nds
Total Funds brought
forward||431|067|7585|71504|6146874|~32|7| |Total Funds carried forward||||||||| ## ## |THE MAGNUS EDIKATlONAL FOUN
BAIANCE SHEET
ASATSAFIBL2021|DATI|ON|||||||| |---|---|---|---|---|---|---|---|---|---| ||||Unrasutrtad||~sutrsad|Eadowmenl||Tolei|Terai| ||||Fumb||Fumb|Fun&||Fumb|Fumb| ||Note||FMe ~||fsba9|fats|10|2023|2020| ||||E||E|E||E|E| |CIEIAENT ASSETS|||||||||| |Debtors and prepayments
msestmrnts|9
3||95.293
137469|||||95M3
1373I69|105/01| |Cash at hanb in transit and in hand|10||||||||| |Amoums
IaWnE due witmn one 7ear|11||||||||| |TNT El%BENTASSETSrsQIABitlllRQ|||ESA279||790|Stere003||300/20|| |THE FUTOS OF TIN CNIUETT|||||||||| |Endowment
funds|12|||||5,905,953||5,90S,9S3|S,715,0s9| |Bsstnttsd interns
funds|12||||750||-|7SB|750| |Unrestdrtsd
Inmme funds|12||4||||||| ||||||||||ih$48| |1
HFTsrusedtrytfieBosrctofTtusbmson||~|MY& e|Aa|endsignedonhsbehaif||||| |FOR THE YEAR ENDED 5|A|PRIL 202|1|||||||| |---|---|---|---|---|---|---|---|---|---|---| ||||||General|Estate|Education||TOTAL|TOTAL| |||||Note|Account|Maintenance|Account||2021|2020| ||||||E|E|E|||E| |Income and endowments||||||||||| |Donations||||||||||| |Investment
income||||||||||| |Dividends|||||32,630||||32,630|40,194| |Interest|||||228||||228|1,240| |Rents|||||194226||||194226|188630| ||||||227 084||||227 084|230064| |Tatal Income|||||227084||||227 084|~230
64| |~Edit||||||||||| |Cost of raising funds:||||||||||| |Insurance|||||6,384||||6,384|9,127| |Commission
Iettings and expenses|||||12,115||||12,115|10,655| |Maintenance
and estate|inspection||||24,070||||24,070|15,451| |Bank charges and sundry|expenses||||52||||52|177| |Planning
inspectian|||||5,750||||5,750|1,963| |Drainage rates and council tax|||||2,220||||2,220|2,566| |Light and heat
I.egal fees|||||2,838
23 000
76429||||2,838
23000
764|3,966
~160
4~5865| |Charitable
activities||||||||||| |Song school expenses|||||||5,744||5,744|11,628| |Benefits|||||||45,895||45,895|50,925| |Musical education|||||||36,620||36,620|57,631| |Salary and disbursements||||||||||| |—Clerk to the Trustees|||||14,000||||14,000|14,000| |Accountancy
and compliance
Independent
examination|||||6,000
1500||||6,MO
1500|7,425
~1500| ||||||21500|||259||~143109| |Total expenditure|||||97929||||1$61|~188974| |Other reco
ise
Ins|losses|||||||||| |Realised gains/(losses)
on||investment||dlsposals||||539|539|(3,428)| |Revaluation
recognised|in|previaus|years|||||||| |realised
in current year
Revaluation
gains/(losses)||forthe year||8||3308|3,217
23 685||3,217
26993|3,833
~1667| |Total other recognised gains/(losses)|||||||27|441|3074|16270| |Net income/(expenditure)|||||129,155|3,308|(60,818)||71,645|Z4,820| |Transfer to Education
Account|||||(80,722)||80,722|||| |Transfer ta Restricted
Funds|||||433||||48433|(60478)| |Net movement
in funds||||||3,30$|19,904||23,212|(35,658)| |R
glation offunds:||||||||||| |Funds brought
forward||||||2215|428852||431067|466 725| |Funds carried forward||||||SS23|448|756|454 27|431067| ## ||||Non-Education|Non-Education||||| |---|---|---|---|---|---|---|---|---| ||||Account||*Old Magnusians|TOTAL||TOTAL| |||Note|Scholarship|Fund|Assodation|2021||2020| ||||E||f|f||E| |Income and endowments||||||||| |Transfer from general account|||48433|||48|433|60478| |Total Income|||48433|||48|433|60478| |~Edi||||||||| |Charitable
Acthritles||||||||| |Grants payable|||48433|||4|433|60478| |Total expenditure||||||48|433|6~0478| |Net movements|in funds|||||||| |Reconcgiation
Funds brought|offun
forward||||758||758|~75| |Funds carried fonuard|||||||75|758| ## ||||||||Investment||| |---|---|---|---|---|---|---|---|---|---| ||||||||properties|TOTAL|TOTAL| |||||Note|Permanent||revaluations|2021|2020| |||||||E|E|E|E| |Income and endowments|||||||||| |Interest received|||||||||| |Total Income|||||||||| |~668|||||||||| |Costs ofraising funds:|||||||||| |Investment
management||costs|||6,179|||6,179|7,348| |Total expendilture|||||6|179||6179|~7348| |Other rec
nl ed
ins|losses||||||||| |Realised gains on investment|||disposals||12,052|||12,052|40,208| |Revaluation
recognised|in|previous years|||||||| |realised
in current year|||||20,845|||20,845|(35,795)| |Revaluation
gains/(losses)||for|current year|7|1|186||164 186|~140090| |Total other recognised|gains/(tosses)||||197083|||197083|~736 677| |Net movement
in funds|||||1907904||||(143,D25)| |Reconciliation
of fu|||||||||| |Funds brought
forward|||||2664|682|3050367|5 715049|85
74| |Funds carried forward|||||2855|6|3050367|59059 3|5~715049| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |THE YEAR ENDE|D 5|A|PRIL|2021|||| |---|---|---|---|---|---|---|---| |BENEFITS||||||2021|202D| |||||||E|| |Magnus
Church of England School:|||||||| |General
Grant||||||8,4DO|8,400| |Grants Io pupils|||||||| |18x E250(2020: 14x|||6250)|||4,500|3,50D| |Music Tuition Grant||||||28,095|35,025| |Newark
Team PCC - Choral||||scholarships||4909)|400)| |||||||4~5|5~092| |MUSICAL AND|SPORT EDUCATION||||||| |||||||2021|2020| |||||||f|E| |Song School Master||Grant||||30,S00|30,500| |Piano Grant|||||||12,052| |Rawing Grant||||||~6120
3~662D|~1507
5~| |RESTRICTED FUNDS||—GRANTS PAYABLE|||||| |||||||2021|202D| |||||||E|E| |~No
gdg getion ~Ace|||||||| |StMary Magdalene||Church|||||| |Choristars
and Low||Bays (2/9)||||10,763|13,44D| |Parish
Clerk, Sexton||and Vergers (2/9)||||10,763|13,44D| |Repairs to Parish|Church (2/9)|||||10763|~1| |||||||32,289|40,320| |Newark
Hospital|||||||| |Newark
Hospital|(3/9)|||||~L6 144|~20| ||||'|||48,433|60,478| |Idbi
n
n||||ngch|F nd||| |Old Magnuslans|Association||||||| |TANGIBLE FIXED ASSETS|||||||| |||||||Freehold|| |||||||Land and|| |||||||Buildings|Total| |||||||f|f| |Deemed cost|||||||| |At 6April 2020||||||550,000|550,000| |Additions|||||||| |At 5 April 2021||||||~550|5~50000| |Depreciation|||||||| |At 6 April 2020|||||||| |Charge far year|||||||| |At 5 April 2021|||||||| |Net book value|||||||| |At 5 Aprg 2021||||||5~50000|550050| |At 5 April 2020||||||~550|~550000| ## ## ## ## ## |||||||2021|2020| |---|---|---|---|---|---|---|---| |||||||f|| ||Value added|tax||||555|| ||Rents held by agents|||in arrears||81,819|64,265| ||Prepayments|||||7,544|10,667| ||Trentside
bond|||||~537|~575| |||||||95293|8~0307| |10.|CASH AT BANK AND|||IN HAND|||| |||||||2021|2020| ||||||||f| ||Bank deposit|account||||45,814|41,937| ||Bank current|account||||(1,500)|(35,025)| ||COIF charities deposit fund account|||||179,474|179,474| ||Income account|||||5,900|8,232| ||Accumulation
ofincome
Estate maintenance
fund||||capital account
capital account|14
~21|75
567| |||||||~230 23|~19526| ||CREDITORS,|ACCRUALS AND DEFERRED INCOME:|||||| ||AMOUNTS
FAI.UNG|||DUE|WLTHIN ONE YEAR||| |||||||2021|2020| |||||||f|f| ||Accruals for|rants||a able|||| ||Non-Educational||Account||grants||60478| ||~IAI
d||||||| ||Professional|fees||||7,055|| ||Repairs|||||1,202|| ||Electricity||||||190| ||Water|||||718|379| ||Rates|||||2,388|120| ||Rent deposits due totenants|||||7975|7975| |||||||19338|8664| ||A~d||||||| ||Investment
management||||fees|1,634|1,722| ||Electricity|||||600|600| ||Accountancy|and|compliance etc.|||4,000|6,000| ||Independent|examination||||1,500|1,500| ||Bank charges|||||5|5| |||||||7739|~9827| ||Deferred income||||||| ||Rents m advance|||||~27347|22854| ||Taxation||||||| ||Value added|tax|||||4782| |||||||~102 57|~106605| ## ## ## |||||Fund|Fund|||||Reve)oat)en|Revaluation|Revaluation||Fund|| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||Balance|||||||Rains/(losses)|recognised|||Balance|| ||||Brought||||||Realised|for current|in previous|||Carried|| ||||Forward
6|||Income
E|Expenditure
f||Sale/(loss)
E|year end
f|years
f||Transfers
f|Forward
f|| |~F|||||||||||||||| |Endowment|Funds||||||||||||||| |Permanent|||2,664,682||||(6,179)||12,052|164,186|20,845|||2,855,586|| |Investment|properties||||||||||||||| |revaluation||||0|367|||||||||3 50|367| ||||5715||049||6|179|12052|164186|20|845||5905|953| |Restricted income Funds|||||||||||||||| |Non-Education||account|||||(48,433)||||||48,433||| |Old Magnusians||Association|||75S||||||||||758| |Scholarship|Fund||||||||||||||| ||||||758||48|433|||||||75S| |Unrestricted|Income Funds||||||||||||||| |General Account||||||227,084|(97,929)||||||(129,155)||| |Designated|—Estate||||||||||||||| |Maintenance||Fund||2,215||||||||||5,523|| |Designated|—Education||||||||||||||| |Account|||4|8|2||88|259|539||3||722|448|756| ||||||||186|188|39|26|327|||454|279| ||||1||4|227 D84|240||12 9|191179|4|2||6360|0| ## ## ## ## ## ## ## ||||||Z|||||||||||||||||||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||C|Iu||||||||||||||||||||||||||||||||||| ||||Z0||0||||||atml
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