Magna – are we getting the full truth?

A reader has provided the following information to put the people of Rotherham wise to the failure of Magna Trust which is a Charity.

Magna opened in 2001 and two of the trustees are:

Cllr.Roger Stone OBE Leader RMBC.

Mark Edgell – ex Leader RMBC.

Last October  anger was raised at £1m loans to Magna by RMBC. Download pdf here.

It has been calculated that over the last six years, Magna has made a loss of approx £10m.

What gives cause for concern about Magna and its Trustees is the documented fact on the 31 August 2010 meeting minutes, the auditors reported an emphasis of matter – going concern ” financial statements, indicate the existence of some uncertainty relating to the future cash flows which may cast significant doubt about the Charity’s ability to CONTINUE AS A GOING CONCERN”. Download pdf here.

The last financial year shows a Magna LOSS of £2m.

1 thought on “Magna – are we getting the full truth?

  1. what a contradiction in real terms, eh? …

    Rotherham MBC business and finance … and the full truth …

    you gotta be kidding me …

    truth and Corn Fed Hogs, Muppets and Clowns don’t fit together …

    we’ve always only been told what those scumbags grudgingly accept they can’t get away without telling us … the rest we find out …

    via FOI and Rovrum Laybah Grooip members who covertly alert Tiser, Rotherham Politics, and others, as to what’s really happening in Da Socialist Fiefdom of Rogerland …

    Roll on replacement time and let the Deputy Leader, Cllr Jahangir Akhtar, a man of integrity, principle and hardwork lead Da Party back to the Rotherham People … Inshallah … God Willing.


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