THE MAGOG TRUST FINANCIAL STATEMENTS AND REPORT OF THE DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Company No: 2426534 (England and Wales) Charity No: 802150 PATRONS Sir Hugh Duberly KCVO CBE Robert Macfarlane BA, Ph.D. (Cantab), MPhil (Oxon) www.magogtrust.org.uk The Magog Trust Report and Accounts for the year ended 31st March 2025 1
THE MAGOG TRUST FINANCIAL STATEMENTS AND REPORT OF THE DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Contents Legal and Administrative information Report of the Directors and Trustees Report of the Independent Examiner Statement of Financial Activities Balance Sheet Notes forming part of the Financial Statements Page 3 4-6 7 8 9 10-14 The Magog Trust Report and Accounts for the year ended 31st March 2025
THE MAGOG TRUST FINANCIAL STATEMENTS AND REPORT OF THE DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 LEGAL AND ADMINISTRATIVE INFORMATION DIRECTORS 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 Mr John O'Boyle COMPANY SECRETARY Mrs Kathleen Foreman REGISTERED OFFICE Verger's Cottage, 1, Gog Magog Way, Stapleford, Cambridge, CB22 5BQ BANKERS Barclays Bank plc INDEPENDENT EXAMINER A.N Cliffe, Affinity Associates (Cambridge) Limited Chartered Accountants Mill House, Mill Court, Great Shelford, Cambridge, CB22 5LD SOLICITORS Birketts LLP, 141-145 Princes Street, Ipswich, IP1 10J INVESTMENT MANAGERS Charles Stanley, 1st Floor, 3 Station Square, Cambridge, CB1 2GB The Magog Trust Report and Accounts for the year ended 31st March 2025 3
THE MAGOG TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 REPORT OF THE DIRECTORS AND TRUSTEES The Trustees, who are also directors 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 2025. The financial statements have been prepared in accordance with the Charities Statement of Recommended Practice (FRS102), applicable accounting standards and the Companies Act 2006. Objects of the charity, principal activities and organisation of our work The Charity is constituted as a company limited by guarantee and is, therefore, governed by a memorandum and articles of association. The Charity's main object and its principal activity continues to be restoring the major part of its landholding to chalk grassland and woodland open for public amenity with provision for wildlife conservation and sanctuary. The Charity is a registered farmer. The Charity is organised so that the Trustees meet regularly to manage its affairs. They are supported by a part-time office administrator. Work on the land is mainly carried out by contractors or by volunteers Development, activities and achievements during the year As ever, most of the Trustees' attention has been focussed on the Magog Down. In the early part of the year, there was much concern about a spate of graffiti vandalism which was despoiling noticeboards, fences and even the boardwalk. The problem was eventually resolved by the introduction of CCTV cameras, but only at significant expense. The annual cycle of maintenance may be routine but it is essential for the flora and fauna to flourish and for our visitors' full enjoyment of the site. The Trustees are grateful for the dedicated work of the Land Committee and the two rangers who make all this happen on time and at the right time. They would also like to record their thanks to the members of the monthly working party and to the employee who has the essential but less than pleasant task of emptying the dog bins. The Trust has other aims than just maintaining the Magog Down. Its constitution also states as an objective: "the conservation, protection and restoration of the countryside of Cambridge..." This is a rather grand ambition and well beyond the ability of the resources of the Trust and limited number of Trustees to fulfil on their own. But somethings can be done and achieved, particularly when working with others of like mind. Firstly, a Trust representative attends the meetings of the Cambridge Nature Network. This is a loose grouping of environment related charities, land owners and public bodies whose aim is to improve the nature corridors around Cambridge. A prime aim is to increase the area over which wildlife may roam and grow. Secondly, as previously reported, the Trust has taken on the role of developing and managing the new countryside park which is a requirement of the planning permission granted for the Stapleford retirement village development. The land was legally transferred to the Trust after the year end (May 2025) at no cost, together with a lump sum to finance the work. The site has already been sown with a chalk grassland seed mix and the Trustees are pleased that this has taken well. The new park, to be known as Chalk Hill Down, is expected to be open to the public in late 2027. Thirdly, the Trust is supporting the campaign, "Better Ways for Busways" (BW4B), for an alternative to the proposed Cambridge South East Transport scheme (CSET). This scheme through the Granta Valley would erode the green belt, take some of the land intended for Chalk Hill Down, potentially damage Nine Wells and impair the view from Magog Down. The BW4B alternative along the A1307 is both environmentally less damaging and better value for money. The Trust has committed to financially supporting this alternative at the forthcoming public enquiry to a maximum of £50,000. Financially, the Trust is well placed to continue its work into the foreseeable future. Its reserves were further bolstered by some generous legacies, amounting to £329,253, from the estates of Michael Bond (a former treasurer), Monica Potter and Patrick Ribbands. In closing, on a personal note, I should like to reiterate my thanks to all those who support the Trust. As well as those who have already been mentioned, I should like to add the gate volunteers, my fellow Trustees and all the Friends/Members who contribute financially through their subscriptions and donations. The Magog Trust Report and Accounts for the year ended 31st March 2025 4
THE MAGOG TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 REPORT OF THE DIRECTORS AND TRUSTEES (CONTINUED) Transactions and financial position The Statement of Financial Activities shows a surplus for the year of £335,542 (2024: £69,232), largely due to the receipt of legacies amounting to £329,253. There was also a gain on investments of £7,956 (2024: £59,027). Excluding these amounts, the underlying result from normal activities was a deficit of £1,667 (2024: £10,205 surplus). Total income (excluding legacies), at £145,978, was virtually the same as the previous year (2024: £145,357). Total expenditure increased by 9% to £147,645 (2024: £135,152). However, the true increase in non- farming costs was much greater; up by 17% to £124,091 (2024: £105,944). Aside from the impact of inflation during the period, there were CCTV expenses (£6,545), seeding of Chalk Hill Down (£16,932) and legal fees (f8,473) in respect of advice on the acquisition of the new countryside park. Tangible fixed assets for use by the charity Details 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 agricultural tenancy with the Stapleford Feoffee Charity, which runs for a 20 year term until November 2040. Jane's Piece is held on a licence, at a peppercorn rental, from the same charity. The acquisition of rights over this land has enabled the Trust to improve access for walkers. Investments In 2025, income from our listed investments dropped slightly by 8% to £19,593 (2024: €21,296) but still remains above our target of £18,000. The market value of our investment portfolio increased by 2% to £799,031 (2024: £780,568). The investment manager is mandated to operate on a Low-Medium risk strategy. Interest receipts improved significantly to £6,238 (2024: £3,824) as the cash from the legacies was placed on deposit. Reserves The present level of income remains adequate to support the current level of normal activity. This excludes funds required for any future major projects or works programme. As such, the Trustees are aware of the need to secure 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 satisfactory and its policy is to have cash funds available to meet the foreseeable medium term needs Directors and Trustees All Directors of the Company are also Trustees of the Charity, and there are no other Trustees. All of the Trustees named on page 3 served throughout the year unless otherwise indicated. The Board has power to appoint additional Trustees as it considers fit to do so. No Trustees are due to retire by rotation. In accordance with the management of any potential conflicts of interest, it is declared that: • Sara Sayer is a Partner of Birketts LLP, a firm of solicitors used by the Trust. Claire Beale provides ranger services to the Trust on a contract for service of no fixed term. The Magog Trust Report and Accounts for the year ended 31st March 2025 5
THE MAGOG TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 REPORT OF THE DIRECTORS AND TRUSTEES (CONTINUED) Risk management The Trustees actively review the major risks that the Charity faces on a regular basis and believe 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 business risks faced by the Charity and confirm that they have established systems to mitigate the significant risks Trustees' responsibilities in relation to the financial statements The Trustees are required by company law to prepare financial statements for each financial year that give a true and fair view of the financial activities of the Charity and of its financial position at the end of that year. In preparing those financial statements, the Trustees are required to : (a) select suitable accounting policies and apply them consistently make judgements and estimates that are reasonable and prudent state whether the policies adopted are in accordance with the Companies Act 2006 and with applicable accounting standards and statements of recommended practice, subject to any material departures disclosed and explained in the financial statements (d) prepare the financial statements on a going concern basis unless it is inappropriate to assume that the Charity will continue in operation. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Independent examination The income and turnover of the Charity are such that a full audit is not required for the current and future years. Jayne Merrick examined the accounts for the year ended 31 March 2024 and has now retired. The Board have engaged Nicholas Cliffe, director of Affinity Associates (Cambridge) Limited, as Independent Examiner and propose that he is re-appointed at the forthcoming Annual General Meeting. Public benefit The Trustees are aware of The Charity Commission's guidance in relation to delivering public benefit. In promoting the conservation of Magog Down and ensuring access to an extensive area of open space, the Trustees consider that they are fulfilling the requirement to deliver a public benefit. The specific areas of activity are detailed on page 4 of this report. Approval The above report has been prepared in accordance with the small companies' regime, Companies Act 2006. It was approved by the Board of Directors and Trustees on 21 October 2025 and signed on its behalf by Christopher Bow Chair and Trustee Director The Magog Trust Report and Accounts for the year ended 31st March 2025
THE MAGOG TRUST Company Number 2426534 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES AND DIRECTORS FOR THE YEAR ENDED 31 MARCH 2025 I report on the accounts of the Company for the year ended 31 March 2025, which are set out on pages 8 to 14. Respective responsibilities of trustees and examiner The Trustees (who are also directors of the Company for the purposes of company law) are responsible for the preparation of the accounts. The Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. Having satisfied myself that the Charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to: • examine the accounts under section 145 of the 2011 Act to follow the procedures laid down in the General Directions given by The Charity Commissioners (under section 145 (5) (b) of the 2011 Act); and and to state whether particular matters have come to my attention. Basis of independent examiner's report My examination was carried out in accordance with the General Directions given by The Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. 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 audit and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below. Independent examiner's statement In connection with my examination, no matter has come to my attention: (1) which gives me reasonable cause to believe that, in any material respect, 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 Statememt of Recommended Practice: Accounting and Reporting by Charities have not been met; or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. A. N Cliffe, Chartered Ac Affinity Associates (Cambridge) Limited Mill House, Mill Court, Great Shelford, Cambridge, CB22 5LD 21 October 2025 The Magog Trust Report and Accounts for the year ended 31st March 2025 7
THE MAGOG TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 STATEMENT OF FINANCIAL ACTIVITIES Notes INCOMING RESOURCES Donations and legacies Charitable activities Investments TOTAL INCOME RESOURCES EXPENDED Charitable activities Other TOTAL EXPENDITURE NET INCOMING RESOURCES BEFORE OTHER GAINS NET GAINS ON INVESTMENTS NET MOVEMENT IN FUNDS Reconciliation of funds Total funds brought forward Total funds carried forward 2 Unrestricted funds 2025 € 334,334 115,066 25,831 475,231 139,439 8,206 147,645 327,586 7,956 335,542 1,450,976 1,786,518 The notes on pages 10 to 14 form part of these accounts. The statement of financial activities includes all gains and losses in the year. All income and expenditure derives from continuing activities Unrestricted funds 2024 € 6,895 113,342 25,120 145,357 127,620 7,532 135,152 10,205 59,027 69,232 1,381,744 1,450,976 The Magog Trust Report and Accounts for the year ended 31st March 2025
THE MAGOG TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 BALANCE SHEET AS AT 31 MARCH 2025 Notes € FIXED ASSETS Tangible assets Investments CURRENT ASSETS Debtors & prepayments Fund management cash account COIF cash deposits Cash at bank and in hand 2025 € 513,457 799,031 1,312,488 8 11,245 27,155 88,670 361,804 488,874 46,955 27,214 84,484 40,442 199,095 CREDITORS: amounts falling due within one year NET CURRENT ASSETS NET ASSETS 9 14,844 45,867 474,030 1,786,518 CHARITY FUNDS Accumulated fund Expendable endowment General fund TOTAL FUNDS 10-11 477,352 724,852 584,314 1,786,518 2024 517,180 780,568 1,297,748 153,228 1,450,976 477,352 716,896 256,728 1,450,976 The notes on pages 10 to 14 form part of these accounts. For the year ended 31st March 2025, the company was entitled to exemption under section 477(1) Companies Act 2006. No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476(2). The directors acknowledge their responsibility for: 1) Ensuring the company keeps accounting records which comply with section 386 2) Preparing accounts which give a true and fair view of the state of affairs of the company as at the end of its financial year and of its profit and loss for the financial period in accordance with section 396, and which otherwise comply with the requirements of the Companies Act relating to accounts, so far as applicable to the company. These financial statements have been prepared in accordance with the special provisions of Part 15 Companies Act 2006 relating to small companies. Approved by the Board of Directors and Trustees on 21 October 2025 and signed on its behalf by Christopher Bow Chair and Trustee Director Company Number 2426534 The Magog Trust Report and Accounts for the year ended 31st March 2025
THE MAGOG TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 1 ACCOUNTING POLICIES 1.1 Basis of preparation of accounts The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value. The financial statements have been prepared in accordance with the Charities Statement of Recommended Practice (FRS102), applicable accounting standards and the Companies Act 2006. Teve of and at and the expe repare on expeniture to 2 mo the fres have rev aped the curene accounts and regard these as sufficient to justify the going concern basis. 1.2 Incoming resources The Trust claims refunds of Income Tax on donations for which it holds a valid Gift Aid declaration for the year in which the money is received. These refunds are included in incoming resources for that year. Income received from memberships which give an entitlement to free parking and car parking charges levied on non-member visitors is stated net of Value Added Tax. 1.3 Resources expended Resources expended are included in the Statement of Financial Activities on an accruals basis. Expenditure which is directly attributable to specific activities has been included in these cost categories. Where costs are attributable to more than one activity, they have been apportioned across the cost categories on a basis consistent with the use of these resources. 1.4 Finance and operating leases Rentals applicable to operating leases are charged to the Statement of Financial Activities over the period they are incurred. The Trust has no finance leases at present. 1.5 Tangible Fixed Assets Individual fixed assets costing £1,000 or more are capitalised at cost. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, on a straight line basis, over their expected useful economic lives as follows: Downland furniture & fixtures 10% -25% straight line basis Machinery & equipment 25% straight line basis No depreciation is provided on freehold land. Improvements in excess of €1,000 carried out on the site are capitalised but not amortised due to their enduring nature and the maintenance programme undertaken by the Trust. The Trustees have reviewed the value of the land and consider that there is no impairment of value for the period ended 31 March 2025. 1.6 Investments Investments are stated at market value at the balance sheet date. The Statement of Financial Activities includes the net gains/(losses) arising on revaluations and disposals throughout the year. 1.7 Taxation As a registered charity, the Trust is exempt from income and corporation tax and can recover tax paid on donations under the Gift Aid scheme. The Trust is also exempt from Capital Gains Tax, so all gains are stated gross. The Trust accounts for VAT on its subscriptions, car parking income and farming activities. Its other income consists of dividends, donations and interest, all of which are out of scope for the purposes of VAT. The Magog Trust Report and Accounts for the year ended 31st March 2025 10
THE MAGOG TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (CONTINUED) 2 ANALYSIS OF INCOME Donations and legacies Donations and gifts Legacies Charitable activities BPS income Car parking fees Countryside Stewardship Farming income Subscriptions - free parking entitlement Other Investments Income from listed investments Interest receivable on cash deposits TOTAL INCOME 3 ANALYSIS OF EXPENDITURE Charitable activities Farming costs Ranger & other services Administration Website and Information Technology Repairs & maintenance Depreciation on tangible fixed assets Rent Parking machine costs Professional fees Insurance Security Independent examination fee Other Fund management costs TOTAL EXPENDITURE 4 STAFF COSTS (INCLUDED IN EXPENDITURE) Stat ayer pension contribution Unrestricted Funds 2025 € 5,082 329,253 6,765 17,849 22,807 31,641 35,799 204 19,593 6,238 475,231 Unrestricted Funds 2025 23,554 20,782 27,252 6,896 28,701 3,723 4,800 3,780 11,632 1,599 6,545 175 8,206 147,645 2025 23,213 616 23,829 The average number of persons employed in the year was 2.0 (2024: 2.0) Unrestricted Funds 6,395 8,795 19,925 7,396 39,351 37,325 550 21,296 3,824 145,357 Unrestricted Funds 2024 29,208 24,310 28,486 6,710 20,398 5,042 4,200 2,980 5,971 175 7,532 135,152 2024 22,648 602 23,250 The Magog Trust Report and Accounts for the year ended 31st March 2025 11
THE MAGOG TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (CONTINUED) 5 DIRECTORS' REMUNERATION & RELATED PARTY TRANSACTIONS No director received any remuneration for acting as a trustee/director. No trustee received an ex-gratia payment (2024: £1,000 paid to Christopher Bow) One trustee, Claire Beale, provided ranger services under a contract through her business which received £17,995 (2024: £21,464). Out of pocket expenses were reimbursed to one trustee (2024: one) amounting to £25 (2024: £3). One trustee, Sara Sayer, is a Partner of Birketts LLP, a firm of solicitors used by the Trust. Its services are provided on an arm's length basis under the direction of other partners. The amount paid to Birketts LLP in the year was £10,448 (2024: £5,565). A related party, Rachel Bow, provided website support under a contract through her business which received £150 (2024: £510). This contract was terminated on 30 September 2024. 6 TANGIBLE FIXED ASSETS Cost/valuation At 1 April 2024 and 31 March 2025 Depreciation At 1 April 2024 Charge for the year At 31 March 2025 Net book value At 31 March 2025 At 31 March 2024 7 INVESTMENTS Fixed Income Bonds/Funds Equities UK Equities International Equities Equity Total Property Investment Funds Total Listed Investments Cash held in capital fund Total Investments at 31 March 2025 Investment portfolio at 1 April 2024 Additions Disposals Unrealised Gains for year Investment portfolio at 31 March 2025 Charles Stanley Capital Account Land 508,335 Downland Furniture & Fixtures 17,758 Machinery & Equipment € 20,822 - 13,031 1,422 14,453 16,704 2,301 19,005 508,335 508,335 3,305 4,727 1,817 4,118 At Cost € 232,627 Value 2025 E 226,063 109,888 225,370 335,258 18,583 100,787 687,255 19 687,274 656,523 92,886 (62,154) 687,255 19 687,274 124,491 322,211 446,702 16,341 109,906 799,012 19 799,031 780,520 92,886 (79,780) 5,386 799,012 19 799,031 Total € 546,915 29,735 3,723 33,458 513,457 517,180 Value 2024 198,110 131,412 326,553 457,965 16,017 108,428 780,520 48 780,568 708,684 240,054 (227,040) 58,822 780,520 48 780,568 The Magog Trust Report and Accounts for the year ended 31st March 2025 12
8 DEBTORS & PREPAYMENTS Income due from harvest Gift Aid Recoverable VAT Other debtors Prepayments CREDITORS: amounts falling due within one year Farming costs payable Other accounts payable Accrued expenses VAT payable THE MAGOG TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (CONTINUED) 2025 € 1,051 858 4,187 2,000 3,149 11,245 2025 € 5,008 5,470 4,366 14,844 2024 39,351 1,185 3,441 1,379 1,599 46,955 2024 € 33,781 3,730 6,993 1,363 45,867 10 STATEMENT OF FUNDS At 1 April 2023 Unrestricted funds: Accumulated fund Expendable endowment General fund Total unrestricted funds 477,352 657,869 246,523 1,381,744 Movement during 2023-24 59,027 10,205 69,232 At 31 March 2024 477,352 716,896 256,728 1,450,976 Movement during 2024-25 € 7,956 327,586 335,542 Unrestricted Funds comprise: 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 charity in previous years. 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 cummulative reserves generated by its activities over time including the current year's legacies. At 31 March 2025 477,352 724,852 584,314 1,786,518 The Magog Trust Report and Accounts for the year ended 31st March 2025 13
THE MAGOG TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (CONTINUED) 11 ANALYSIS OF NET ASSETS BETWEEN FUNDS At 31 March 2025 Investments Unrestricted funds: Accumulated fund Expendable endowment General fund Total At 31 March 2024 Tangible fixed assets € 477,352 36,105 513,457 Tangible fixed assets 477,352 39,828 517,180 772,852 74,179 799,031 Investments € 716,896 63,672 780,568 Cash at bank and in hand : 477,629 477,629 Cash at bank and in hand : 152,140 152,140 Other net current assets : (3,599) (3,599) Other net current assets € Net assets 477,352 724,852 584,314 1,786,518 Net assets Unrestricted funds: Accumulated fund Expendable endowment General fund Total 1,088 1,088 477,352 716,896 256,728 1,450,976 12 CONTINGENT LIABILITY The Trust has committed to supporting a loose grouping of local charities, parish councils and a land owner (collectively known as "Better Ways for Busways - BW4B) to oppose the construction of a bus road through the Granta valley. This busway would adversely impact Trust land, both directly and indirectly. The Trust has committed financial support, up to a maximum of £50,000, to help defray the legal costs of BW4B at the forthcoming public enquiry. No payments were made by the Trust as at 31 March 2025. 13 POST BALANCE SHEET EVENTS In May 2025, the Trust took legal title to a portion of arable land as part of a Section 106 agreement relating to the development of the Stapleford retirement village known as Strawberry Fields. This land was gifted to the Trust along with a sum of money to enable the Trust to establish a chalk grassland and maintain it in perpetuity for conservation and public amenity. This sum is presently held by South Cambridgeshire Council on the Trust's behalf pending formal registration of title with the appropriate government authority. The Magog Trust Report and Accounts for the year ended 31st March 2025 14