THE MAGNUS EDUCATIONAL FOUNDATION
To provide for the Magnus C of E School such benefits not normally provided by the local education authority.Promoting musical education of pupils attending the school and of young choristers of the Parish church.Promoting the education of such pupils and former pupils under the age of 25 in need of financial assistance
Financial health, per its FY2026 accounts
The accounts state that total expenditure of £284,221 exceeded total income of £234,073, resulting in a net movement in funds of £95,816 which was largely driven by investment gains. The charity holds unrestricted reserves of £406,440 and relies on investment income, with the Trustees confirming that resources are sufficiently diverse to meet basic annual commitments.
What the accounts disclose
“Investment income 234,073” — page 8
“The Trustees wish to continue to hold sufficient funds in hand to ensure that they can continue to meet their long-term obligations in these respects.” — page 6
“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
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 | £234k | £284k |
| 05/04/2025 | £298k | £298k |
| 05/04/2024 | £263k | £283k |
| 05/04/2023 | £229k | £294k |
| 05/04/2022 | £232k | £238k |
Common questions
Is THE MAGNUS EDUCATIONAL FOUNDATION financially healthy?
Per its FY2026 accounts: The accounts state that total expenditure of £284,221 exceeded total income of £234,073, resulting in a net movement in funds of £95,816 which was largely driven by investment gains. The charity holds unrestricted reserves of £406,440 and relies on investment income, with the Trustees confirming that resources are sufficiently diverse to meet basic annual commitments. Its FY2026 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| HABERDASHERS' ASKE'S CHARITY | 1 | £500k |
| THE OUSELEY CHURCH MUSIC TRUST | 1 | £1k |
Charities like this
- MAGDALEN AND LASHER EDUCATIONAL FOUNDATION
- THE MUSIC FOR SCHOOLS FOUNDATION
- THE ST GABRIEL SCHOOLS FOUNDATION
- ST JOHN'S HOSPITAL EDUCATIONAL FOUNDATION
- RAINE'S SCHOOL FOUNDATION
- Gwasanaeth Cerdd Ysgolion Gwynedd a Môn
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE MAGNUS EDUCATIONAL FOUNDATION | £234k | — | 0 | unclear | — | no doubt |
| MAGDALEN AND LASHER EDUCATIONAL FOUNDATION | £305k | — | 0 | unclear | — | no doubt |
| THE MUSIC FOR SCHOOLS FOUNDATION | £608k | — | 0 | above | — | no doubt |
| THE ST GABRIEL SCHOOLS FOUNDATION | £9.0m | — | — | below | — | not going concern |
| ST JOHN'S HOSPITAL EDUCATIONAL FOUNDATION | £116k | — | 0 | within | — | no doubt |
| RAINE'S SCHOOL FOUNDATION | £242k | — | 0 | unclear | — | no doubt |