THE MAGOG TRUST FINANCIAL STATEMENTS AND REPORT OF THE DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Company No: 2426534 (England and Wales) Charity No: 802150 PATRONS Sir Hugh Duberly KCVO CBE Robert Macfarlane BA, Ph.D. (Cantabl, MPhil {Oxon) rust.o The Magog Trust Report and Accountsfor the yearerKled 3tst March 2024
THE MAGOG TRUST Contents Page Legal and Administrative information Report of the Dirertors and Trustees Report of the Independent Examiner Statement of Financial Attivities Balance Sheet Notes forming part of the Financial Statements 10-13 The MagogTrust Report and Accounts for the year ended 31st March 2024
THE MAGOG TRUST LEGAL AND ADMINISTrATIVE INFORMATION DIREcfoRS AND TRUSTEES The Directors, who are also Trustees, who served during the financial year, are as follows". Mr Christopher Bow- Chair Dr Bryan Davies Dr Geoffrey Hale Mrs Claire Beale Ms Sara Sayer Mrjohn O'Boyle {appointed 5th September 2023) COMPANY SECREfARY Mrs Kathleen Foreman REGisfERED OFFICE Verger's Cottage, I, Gog Magog Way, Stapleford, Cambridge, CB22 5BQ BANKER5 Barclays Bank plc INDEpENDEr EXAMINER Ms Jayne Merrick 6 Churchfield Avenue, Sawston, CB22 3LA SOLICITORS Birketts LLP. 141-145 Princes Streèt. Ipswich. IPI IQJ INVESTMENT MANAGERS Charles Stanley, 1st Floor, 3 Station Square, Cambridge, CBI 2GB The Magog Trust Report and Accounts for the year ended 3tst March 2024
THE MAGOG TRUST REPORT OF THE DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The Trustees. who are also dlrectors of the Charity for the purposes of Company Law* present their annual report and the Independently examined financial statements for the year ended 31 March 2024. The financial statements have been prepared in accordance with the Charltles Ststement of Recommended Practice IFR51021. applicable accounting Standards and the Companles Act 2006. ObJects of the charity. prln¢ipal artlvities and oryanlsation of our WOTk The Charlty Is constituted as a company limited by guarantee and IS, therefore. governed by a memorandum and articles of assoclation. The Charlty's object and its principal activity continues to be restoring the major part of its landholding to ¢halk grossland and woodland open for public amenity wlth provlslon for wildlrfe conservation and sanrtuary. The Charlty Is a re8iStered farmer. The Charity Is organlsed $0 that the Trustees meet regularly to manage Its affalrs. They are supported by a part-time office admlnlstrator. Work on the land Is mainly carried out by contrartors or by volunteers Development, artlvttles and achievements durln8 the year Whllst the Magog Down has contlnued to provide Members, Friends and vlsltors wlth the opportunlty to enj¢)y a relaxln8 envlronment, It has been a rather more 5tre55ful tlme for the Trustees and management team. Securlty of the $e has been a major Issue th15 year with two matters being of partlcular concern. In January, a lorry galned access to deposlt 15 tonnes of semi-processed waste which had to be removed promptly at considerable cost. Further expenditure was Incurred to make all entrances more Secu from further incurslons. The Down has also suffered a sustalned bout of graffltl vandallsm resultlng in the need to deploy temporary ccrv cameras. The deterrent effect seems to have worked a5 the attacks have abated. The Trustees are now conslderlng whether permanent CCN Is requlred and, rf so. how it ml8ht be Instslled In harmony wlth the Down's wral settlng. Again, a Substantial cost has been incurred post year-end and the Trustees are particularly 8rateful to those Frlends and Members who have,wlthout being asked, made donatlons to help defray this expense. The Trustees sympathlse wlth those vlsltors who found It more difficult to access The Down due to Haverhlll Road beln8 closed at various polnts for an extended period. However, we are pleased to note that. overall, visitor numbers dld not drop 518nifi¢antly. This indlcates, perhaps. lust how much people value bein8 able to access such a wonderful open space. The Trustees have contlnued to work wlth Rangeford, the developers of the retlrement village. to e5tabllsh the assoclated countryslde park. At the tlme of thls report, vft have not yet tsken legal ownershlp of the land but there are no slgnificant matters of concern. We expect the transfer will be concluded in autumn 2024. The plan to establish and maintaln the park ha5 recelved approval from South Cambrid8eshire Distrirt Council. This was a vltsl step in the whole process. Weather condltlons In the summer of 2023 were partlcularly conducNe for buttefflles whlch We seen in great profuslon. It was pleasing to see the Small Blue butterfly in good numbers. WSth its caterpillar food plant (Kidney Vetchl in abundance, It is hoped that its population will continue to flourlsh. The downland flora have also done well. Alongside the cowslips and other chalkland flowers. the Pyramldal Orchid is now widely distriblrted on the Down. The New Year started with the excrting sight of a Shorteared Owl, a first for Magog Down it Is belleved. These birds are winter visitors, mlgratlng over to East Anglia from Scandinavla, usuallyto fenland. coastal scrubby and open grassland habitats. It is one of the few owls that are regularly seen hunting during the day and visltors were treated to regutar sightings throu8h January and February. Finally, may l express my thanks to all those who contribute to the success of The Trust. To the volunteers who help out by either attending the monthly working parties or beln8 part of the gate rots. your efforts are greatly appreciated. To the rangers who are there, come rain or shine. to keep the site in such good condition. I say thank you. To my fellow Trustees and other team members. I greatly value your advice and support which I could not do without. The MagogTrust Report and Accounts for the year ended 3tst March 2024
Transactions and flnancial posltlon The Statement of Financial Activities shows a surplus for the year of £69,23212023: £19.415 deficit). largely due to gain of £59,027 on the Trust's investments12023.. £47,476 deficit). The underlying result from normal activtties was 64% down on last year at £10,20512023: £28.061). Total income, at £145,357. was PA lower than the prewous year12023- £156.2531. However. this was wholly due to lower harvest sales,. the current year crop was barley as compared to the higher value wheat of last year. This weaker 5ale5 mix resulted in the famiing profit falling to £10.14312023: £15.0301. Overall income from other sour5 remained constant. Total expenditure increased by 5% to £135.15212023= £128,192). However, the true increase In non- farming costs was much greater,. up by 14% to £105,94412023.. £93,208). Aside from the impact ol high inflation during the period, there was the full year effect of employing an administrator lonly 9 months, salary in the preVu5 year), waste removal costs 1£3,5941, Installation of a water supply1£2,3671 and legal fees1£5.564I in respect of the constitution chanBes and advice on the acquisition of the new countryside park. Tangible flxed assets for use bythe tharity Detai15 of movements in fixed assets are set out in note 6 to the accounts. All land apart from The Feoffee Field and Jane's Piece is held freehold. There is no leasehold property. The Trust holds a parcel of land known as The Feoffee Field on an agriculturnl tenancy with the Stapleford Feoffee Charity. which runs for a 20 year temi until November 2040. Jane's Piece is held on a licence, at a peppercom rental, from the same charity. The acquisition of rights over thls land has enabled the Trust to improve acce55 for walkers. Investments In 2024, income from our listed investments dropped slightly by 4% to £21.29612023: £22.2631 but remains substantially above our target of £18,LK)O. The market value of our investment FMJrtFolto increased by IO% to £780,56812022: £708,820). Interest from cash on de$t Improved signfficantly to £3.82412023- £6041 on the back of increased market rates. Reserve5 The present level of income remains adequate to support the current level of normal activity. Thts excludes funds required for any future major projects or works programme. As such, the Trustees are aware of the need to secijre the long-term management of the land and consider that drawing on reserves may be necessary in the medium to long term. The Board of Trustees considers the financial position of the Charity to be 5atisfattory and its policy is to have cash funds available to meet the foreseeable medium term needs. Dlrertors and Trustees All Directors of the Company are also Tr¥Jstees of the Charity, and there are no other Trustees. All of the Trustees named on page 3 seNed throughout the year unless othernvise indicated. The Board has power to appoint additional Trustees a5 It considers fit to do so. Bryan Davies and Geoffrey Hale are due to retire by rotation atthe forthcoming Annual General Meeting. Both have Indlcated their willingness to stsnd for re-elettFOn. In accordance with the management of any potential conflicts of interest, it is dedared that: Sara Sayer is a Partner of Birketts LLP, a firm of solicitors used by the Trust. Claire Beale provides ranger seiceS to the Trust on a contratt for service of no fixed term. A relative of Christopher Bow provides occasional websfce an(1 IT support under a contrart for seNice. Risk mana8ement The Trustees actively review the major risks that the Charttyfaces on a regular basis and belleve that maintaining reserves at current levels, combined with an annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions. The Trustees have also examined operational and busines5 risks faced by the Charity and confim that they have established systems to mitigate the significant risks. The MagogTrust Report and Accountsforthe year ended 3tst March 2024
Trustees. responsibl11tl in relation to the financial Statements The Trustees are requlred by company law to ppare financial ststements for each financial yearthat give a true and fair vlew of the financlal artivities of the Charity and of its financial position at the end of that year. In preparing those financlal statements. the Trustees are required to . lal selert suitable accounting policies and applythem consistently Ibl make judgements and estimates that are reasonable and prudent Icl state whether the policies adopted are accordance with the Companie5 Att 2006 and with appllcable accountlng standards and statements of recommended practlce, subject to any material departures disclosed and explained In the financial statements Idl prepare the financial statements on a going concern basis unless Ft Is Inappropriate to assume that the Charty will continue in operation. The Trustees are responsible for keeping proper accounting records which disclose WFth reasonable accuracy at any time the financial positlon of the Charrty and enable them to ensure that the financial ststements comply with the Companies Act 2006. They are also responslble for safeguarding the assets of the Charty and hence for tskin8 reasonable steps for the preventlon and detertion of fraud and other Irregularities. Independent examinatlon The income and turnover of the Charty are such that a full audit is not requlred forthe current and future years. Jayne Merrick examlned the accounts forthe year ended 31 March 2024. and the Board Intend to recommend that Jayne Merrlck be re-appointed as Independent Examiner at the Annual General Meetlng to be held in September 2024. Publ1¢ benefft The Trustees are aware of The Charlty Commission's guldan¢e In relation to dellverlng public beneflt. In promoting the on5ervation of Ma808 Down and ensurlng aC$S to an extenslve area of open space. the Trustees consider that they are fulftlllng the requlrement to delwer a publlc benefft. The speclfk areas of artlvlty are detalled on pa8es 4 and 5 of thls report. Approval The above report has been prepared in accordance wlth the small companles, reglme, Companles Act 2006. It was approved by the Board of D5rectors and Trustees on 3rd September 2024 and signed on its behalf by Chrlstopher Bow Chalr and Trustee Dlrertor The Magog Trust Report an¢J AoUnts for the year ended 31st March 2024
THE MAGOG TRUST Company Number 2426534 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES I report on the accounts of the Company for the year ended 31 March 2024. which are set out on pages 8 to 13. Respertive responsibilltles of trustees and exarniner The Trustees Iwho are also directors of the Company for the purposes of company lawl are responsible for the preparation of the accounts. The Trustees conslder that an audtt is not required for this year under section 144121 of the Charities Act 2011 Ithe 2011 Artl and that an independent examination is needed. Having satisfied myself thatthe Charity is not subjett to audit under company law and is eltglble for Independent examirkation, it is my responsibility to: examine the accounts under secknon 145 of the 2011 Att to follow the procedures laid down in the General Directions gNen byThe CharÉty Commissioners (under section 145151 Ibl of the 2011 Act),. and and to state whether particular matters have come to my attention. Basis of independeftt examlnerfs report My examination was carried in accordance with the General Directions given byThe Charity Commission. An examination includes a review of the accounting records kept by the Charlty and a comparison of the accounts presented wlth those recards. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audFt and consequently no opinion is given as to whether the accounts present a "true and fair view" and the rerM)rt Is limitsd to those matters set out in the statement below. Independent examlner's statement In connection with my examination. no matter has tome to my attention: 11) which glves me reasonable cause to believe that. in any material respert. the requirements to keep accounting records in accordance with section 386 of the Companies Act 2006 to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Ststememt of Recommended Practice.. Accounting and Reporting by Charities have not been met; or 121 to which, in my opinion. attention should be drawn in order to enable a proper understsndlng of the accounts to be reached. Jayne Merrick 6 Churchfleld Avenue Sawston CB22 3LA The Magog Trust Report and Accounts for the year ended 31st March 2024
THE MAGOG TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 STATEMENT OF FINANCIAL AcfiviTIES Notes Re5tflcted Unrestrirted funds funds 2024 2024 Totsl funds Totsl funds 2024 2023 INCOMING RESOURCES Donatlons and legacles Charitsble actlvfties Investments 695 113,342 25,120 145,357 6A95 113,342 25,120 145,357 5,916 127,470 22.867 156,253 TOTAL INCOME RESOURCES EXPENDED Charltable attlvltles Other TOTAL EXPENDITURE 127,620 7,532 135.152 127,620 7.532 135,152 120,764 7,428 128,192 NET INCOMING RESOURCES BEFORE OTHER GAINSI(LOSSES) 10.205 10.205 28,061 NET GAINSIILOSSES) ON INVESThIENTS 59,027 59,027 147.476 NET MOVEMENT IN FUNDS Reconclllatlon of funds Total funds brought forward Total lunds carrled forward 1,381,744 1450 976 1.381,744 1450,976 1,401,159 1381744 The notes on pa8e$ 10 to 13 form part of these accounts. The Statement of financlal actSvltles Includes all galns and bsses In the year. All Income and expenditure derlves from contlnuln8 activltles The Magog Trust Report and Accounts for the year ended 31st March 2024
THE MAGOG TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Notes FIXED ASSErs Tangible assets Investments 517.180 780,568 1,297,748 519,956 708,820 1.228.776 CURRENT ASSErs Debtors & prepayments Fund mana8ement cash account COIF cash deposits Cash at bank and in hand 46.955 27,214 54,345 27.558 65,674 52,730 200,307 199,095 CREDITORS: amounts fallin8 due within one year 45,867 47.339 NET CURRENT ASSETS NET ASSErs 153,228 1.450.976 152,968 1,381,744 CHARITY FUNDS Accumulated fund Expendable endowment General fund io-ii 477,352 716,896 256,728 1,450,976 477.352 657.869 246,523 1.381,744 TOTAL FUNDS The notes on pages 10 to 13 form part of these accounts. For the year ended31st March 2024. the compony wos entitled to exemptlon undersertion 477(lJ Componles Art 2006. No members ht7ve requlred the company to obtoin on oudit of its uccountsfvr the yeor In question in uccordance wlth section 476(2J. The directors acknowledge thelr sponsIbl11tyfOr.' l) Ensuring the company keeps o¢¢ounting records whlch comply with sertion 386 2) Preporing accounts which give a true andfvir wew of the stote of ofvirs of the company os ot the end of Its flnon¢ial year and of its profft and lossfor thefinonciolperiod in occordance with sertion 396. ond whlch otheIse comply with the requirements of the Companles Artrelating to occounts. 50foros applicoble to the company. Thesefint7ncialstotements hove l)een prepared in accordonce with the speclolprovtslons oAPort 15 Companies Act 2006 relating to Small componies. Approved by the Board of Dlrertors and Trustees on 3rd September 2024 and sl8ned on Its beh•lf by Chrlstopher Bow Chair and Trustee Dirertor Company Number 2426534 The Ma808 Trust Report and Accountsfor the year eNted 31st March 2024
THE MAGOG TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 I ACCOUNTING pouaES 1.1 Basls of preparatlon of accounts The financial statements have been prepared under the historical cost convention, with the exceptlon of investments which are included at market value. The financial statements have been prepared in accordance with the Charities Statement of Recommended Practice IFRS1021. applicable accountln8 stsndards and the Companies Act 2006. The flnantial statements have been prepared on a going concern basis. The Trustee5 have revlewed the current level of funds held and the expetted income and expendtture for 12 months from the date of approval of these accounts and regard these as sufficient to justify the going concern basis. 1.2 Incomln8 resources Income and donatlons are Included In Incoming resources when they are recelvable. except when the donors specify that they must be used in future accountlng perlod5 or donor's conditlons have not been fulfllled, then the Income is deferred. The income from fundraising ventures Is shown gross wlth the associated costs Included In fundralslng costs. The Trust claims refunds of Income Tax on donatlons for whlch It holds a valld Gfft Aid declaratlon for the year In which the money Is recelved. These refunds are Included in incomlng resources for that year. Income received from memberships which give an entltlement to free parklng and car parking charges levled on non-member vlsitors Is stated net of Value Added Tax. 1.3 ReKbur¢es expended Resources expended are Included In the Statement of Flnanclal Artlvftles on an attruals basls. Expendlture whlch Is dlrectly attr5butsble to specFfic attivitSes has been Included In these cost categorles. Where Costs are attrlbutsble to more than one actfvlty, they have been apportloned across the cost categorles on a basis ¢onsi5tent wlth the use of these reSoUrs. 1.4 Flnance and operatln8 leoses Renta15 applicable to operatlng leases are charged to the Ststement of Flnanclal Actlvlttes over the perlod they are incurred. The Trust has no finance leases at pSent. 1.5 Tan8lble Flxed Assets Indivldual flxed assets costing £1,0 or rn0 a capltallsed at cost. Depreclation Is provided on all tsngible fixed assets at rates cakulated to write off the cost, on a stralght line ba515. over their expected useful economic live5 as follows.. Downland furnf(ure & flxtures 10%-25% stralght Ilne basls Machinery & equipment 25% straight line ba515 No depreciatlon Is provlded on freehold land. Improvements in excess of £l,(KKI carrled out on the 51te are capitalised but not amortised due to their enduring nature and the maintenance programme undertaken by the Trust. The Trustees have revEwed the value of the land and consider that there Is no impairment of value for the period ended 31 March 2024. 1.6 Investments Investments are ststed at market value at the balance sheet date. The Statement of Financial Activities Includes the net gains/{lossesl arising on revaluations and dlsposals throughout the year. 1.7 Taxatlon As a registered charlty. the Trust is exempt from income and corporatlon tsx and can recovertax pald on donatlons under the Gift Aid scheme. The Trust 15 also exempt from Capital Gains Tax. so all gains are ststed gr055. The Trust accounts for VAT on rts subscriptions. car parking income and tarming actNities. Its other income consists of dividends. donations and interest. all of which are out of scope for the purp05e5 of VAT. The Ma80g Trust Report and Accour)ts for the year ended 3tst March 2024 io
2 ANALYSIS OF INCOME Restricted Unrestricted Funds Funds 2024 2024 Total 2023 Donatlons and legacies Donations and gifts Legacies Charitable artlvltle5 BPS income Car parklng fees Countryside Stewardship Farming income Subscriptions- free parking entitlement Other 6A95 5.664 252 8,795 19,925 7396 39,351 37,325 550 10.825 22,605 6,661 SO,014 37,125 240 Investments Income from Ilsted Investments Interest recefvable on cash deposlts TOTAL114COME 21296 3A24 22,263 604 145,357 156,253 3 ANALYSIS OF EXPEt4DITURE Restrfrted Unrestrlcted Funds Funds 2024 2024 Total 2023 Charltable artlvltles Farmlng costs Ranger & other serylces Adminlstratlon Webslte and Informatlon Techno108y Repalrs & malntenance Depreciatlon on tan8lble flxed a55ets Rent Parklng machine costs Professional fees Insurance Independent examinatlon fee Other Fund management costs 29.208 Z4.310 28,486 6,710 20,538 5,042 4,ZOD 2.980 5,971 34,984 21,359 23,204 10,686 14,541 5,486 2,921 948 1.970 225 175 7.532 7.428 135,152 128,192 4 STAFF COSTS 2024 2023 Staff lary cost Employer penslon ¢ontributlon 22.648 602 23,250 12,478 283 12,761 The average number of Pern5 employed In the year wa$ 2.0012023: 0.75) The Ma808 Trust Report and Actounts for the year ended 3tst March 2024 li
5 DIREcfoRS' REMUNERATION & RELATED PARTY TRAt4SAcnoNS No dirertor reiVed any remuneration for acting as a trusteejdirector. One trustee, Christopher Bow. was voted an ex-gratia payment of £l,00012023". nil) to reflert the other trustees, appreciation for his unpald covering of the Trust's un-staffed administration function during a four month period IApril-July 20221 prior to the appointment of a replacement administrator. One trustee, Claire Beale* provided ranger services under a contract through her busines5 which received £21,464 12023: £19.0901. Out of pocket expenses were reimbursed to one trustee12023: nil) amountlng to £3 {2023: nil). One trustee, Sara Sayer. is a Partner of Birkett5 LLP. a fimi of solicttor5 used by the Trust. Its services are provided on an ami'5 length basis under the direction of other partners. The amount paid to Birketts LLP in the year was É5,56512023= £9001- A related party, Rachel Bow, provided website 5UPPOrt under a contrdtt through her business which received £51012023: £4.2601. 6 TANGIBLE FIXED ASSETS Land Downland Furniture & Fixtures Machinery & Equipment Totsl Cost/valuation At l April 2023 Additions At 31 March 2024 508,335 17,758 18,555 2,267 20,822 2,267 546,915 508,335 17,758 Depreciation At l April 2023 Charge for the year At 31 March 2024 11.818 1,213 13,031 IZJ74 3,830 16.704 Z4,692 5,043 29,735 Net book value At 31 March 2024 508.335 4,727 4.118 517,180 At31 March 2023 508,335 5.940 519,956 7 INVESTMEPItS At C05t Value 2024 Value 2023 Fixed Income 8ond5lFunds 210.590 198,110 175.561 Equities UK Equities International Equities EquityTotsl 106.896 222,333 329,229 131N12 326.553 457.965 118,171 271.256 389,427 Investment Fund5 1(10.007 108,428 129,521 Property 16,697 16,017 14,175 Totsl Listed Investments 656,523 780.520 708,684 Cash held in caprtal fund Total Investments at 31 March 2024 136 708,820 656.571 780,568 Investment F)Ortfolio at l April 2023 Additions Disposals Unreallsed ILossesl/Gains for year Investment portfolio at 31 March 2024 Charles Stanley Capital Account 616,043 240.054 (199.574) 708,684 240,054 1227,040) 58,822 780,520 742,743 146,963 1136,8931 (44,1291 708,684 136 708,820 656.523 656,571 The Ma80g Trijst Report and Accounts for the ye6r ended 31st March 2024 12
8 DEBTORS & PREPAYMENTS 2024 2023 Income due from harvest Gift Aid Recoverable VAT ()ther debtors Prepayments 39,351 50,014 304 2.843 1.184 3,441 1,379 1.599 46.955 54,345 9 CREDITORS: amounts fallin8 due within one year 2024 2023 Farming costs payable Other accounts payable Accrued expense5 VAT payable 33.781 3.730 6,993 1,363 45,867 38.685 1,495 5.374 1.785 47,339 10 srATEMENT OF FUNDS At l April 2022 Movement during 2022-23 At 31 March 2023 Movement during 2023-24 At 31 March 2024 Unrestricted funds= AccumL•lated fund Expendable endowment General fund 477.352 705,345 218.462 477,352 657,869 246,523 1,381,744 477,352 716,896 256,728 1,450.976 147.476) 28.061 59,027 10,205 69,232 Totsl unrestricted funds 1,401.159 119,4151 Unrestrirted Funds com rlse: Accumulated Fund This represents funds raised by members of The Magog Trust and applied to the purchase and restoration of Magog Down. Expendable Endowment Fund This comprises legacies received by the charty. The Investment income from this fund is applied to the principal objects of the charity as set out on page 4. General Fund This represents the tummulative reserves generated by tts artivities overtime. 11 ANALYSIS OF NET ASSEfs BEnNE£N FUNDS At 31 March 2024 Tangible fixed assets Investments Cash at bank and in hand Other net current Net assets assets Unrestritted funds.. Accumulated bjnd Expendable endowment General fund Total 477,352 477.352 716,896 256,728 1.450,976 716,896 63.672 39.828 152,140 152.140 1,088 517,180 780,568 1,088 At 31 March 2023 Tangible fixed assets Investments Cash at bank and in hand Other net current Net assets ssets Unrestricted funds-. Accumulated fund Expendable endowment General fund Total 477,352 477.352 657,869 246,523 1,381,744 657,869 50.951 42,604 519.956 145.962 145,962 7,006 708.820 7,006 The MagogTrust Report and Accounts forthe year ended 315t March 2024 13