THE MAGNUS CHARITY
Provides financial support for the Parish Church of the Ecclesiastical Parish of St. Mary Magdalene Newark for defined purposes.Provides financial support for facilities for the benefit of the patients in Newark Hospital for which provision is not made out of public funds.
Objects
INCCOME TO BE DIVIDED:- 1) TWO-NINTHS TEHREOF IN PAYING SIX CHORISTERS AND SIX LOW BOYS OR ASSISTANT CHORISTERS IN THE PARISH CHURCH OF ST. MARY MAGDALENE NEWARK UPON TRENT. 2) TWO-NINTHS THEREOF IN MAKING PAYMENT IN SUCCH PROPORTIONS AS THE VICAR AND CHURCHWARDENS THINK FIT TO THE PARISH CLERK, SEXTON AND VERGERS OF THE SAID ECCLESIASTICAL PARISH. 3) TWO-NINTHS THEREOF IN REPAIRING AND MAITAINING THE SAID PARISH CHURCH AND THE FURNITURE AND FITTINGS THEREIN. 4) THREE-NINTHS THEREOF IN PAYING THE SAME TO THE NOTTINGHAM AND DISTRICT HOSPITAL MANAGEMENT COMMITTEE (FOR FULL DETAILS SEE CLAUSE 4 OF SCHEME)
Financial health, per its FY2026 accounts
The accounts state that total income decreased to £234,073 from £246,208 in the prior year, while total expenditure fell to £284,221 from £297,996. The charity holds unrestricted funds of £406,440 and endowment funds of £6,476,492, with the trustees confirming the financial statements are prepared on a going concern basis as resources are sufficient to meet commitments.
What the accounts disclose
“RL Watkinson is a Trustee and a partner in Richard Watkinson & Partners, Surveyors, Valuers, Auctioneers and Estate Agents. This firm rent two car parking spaces from the Charity at a current commercial annual rent of £990 (2025 - £976) excluding Value Added Tax.” — page 20
“The Clerk to the Trustees, A Allison is a partner of Knights Solicitors. During the year, Knights Solicitors charged the Charity an amount of £18,000 (2025 - £18,000) for the Clerk’s services.” — page 20
“RL Watkinson is a Trustee and a partner in Richard Watkinson & Partners, Surveyors, Valuers, Auctioneers and Estate Agents. This firm rent two car parking spaces from the Charity at a current commercial annual rent of £990 (2025 - £976) excluding Value Added Tax.” — page 20
“The Clerk to the Trustees, A Allison is a partner of Knights Solicitors. During the year, Knights Solicitors charged the Charity an amount of £18,000 (2025 - £18,000) for the Clerk’s services.” — page 20
Policies the charity declares
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Trustee expenses policy and procedures
Trustees
- Andrew Jonathan Fearnchair
- David Moore
- GRAHAM CARTLEDGE
- JAMES DERRY
- JAMES HOWLETT
- Janette Barlow
- MICHAEL DAY BEAUMONT CBE
- MICHAEL FURNESS KC
- RICHARD WATKINSON
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2026 | £42k | £42k |
| 05/04/2025 | £49k | £49k |
| 05/04/2024 | £54k | £54k |
| 05/04/2023 | £229k | £337k |
| 05/04/2022 | £0 | £0 |
Common questions
Is THE MAGNUS CHARITY financially healthy?
Per its FY2026 accounts: The accounts state that total income decreased to £234,073 from £246,208 in the prior year, while total expenditure fell to £284,221 from £297,996. The charity holds unrestricted funds of £406,440 and endowment funds of £6,476,492, with the trustees confirming the financial statements are prepared on a going concern basis as resources are sufficient to meet commitments. Its FY2026 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| DONATING CHARITY LIMITED | 1 | £1.1m |
| 4 CHARITY FOUNDATION | 1 | £290k |
| ASSOCIATION OF NHS CHARITIES | 1 | £185k |
| THE UKI CHARITABLE FOUNDATION | 1 | £157k |
| AMABRILL LTD | 1 | £50k |
Charities like this
- THE M Y A CHARITABLE TRUST
- MWL NHS Charity
- GREAT MANSION CHURCH
- NEWGATE CHURCH - MILTON KEYNES
- MAGEN CHARITABLE TRUST
- SAINT MAKARIOS THE GREAT ECCLESIASTICAL TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE MAGNUS CHARITY | £42k | — | — | unclear | — | no doubt |
| THE M Y A CHARITABLE TRUST | £88k | — | 0 | unclear | — | no doubt |
| MWL NHS Charity | £321k | — | 0 | within | — | no doubt |
| GREAT MANSION CHURCH | £33k | — | 0 | unclear | — | no doubt |
| NEWGATE CHURCH - MILTON KEYNES | £121k | — | 0 | unclear | — | no doubt |
| MAGEN CHARITABLE TRUST | £165k | — | 0 | above | — | no doubt |