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
INDEpENDE￿r 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 sour￿5 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 preV￿u5 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 se￿iceS 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 p￿pare 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 A￿oUnts 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
6￿95
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 othe￿Ise
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 reSoUr￿s.
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 p￿Sent.
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 Per￿n5 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 re￿iVed 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