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2021-11-30-accounts

Charity number: 1192120

McQuin Charitable Trust

Report of the Trustees and Unaudited Financial Statements

For the year ended 30 November 2021

McQuin Charitable Trust Contents Page For the year ended 30 November 2021

Report of the Trustees 1
Independent Examiner's Report to the Trustees 2
Statement of Financial Activities 3
Statement of Financial Position 4
Notes to the Financial Statements 5 to 7
Detailed Statement of Financial Activities 8

McQuin Charitable Trust Report of the Trustees

For the year ended 30 November 2021

The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 30 November 2021. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2019).

Chair's report

The Covid 19 pandemic resulted in communication issues which delayed progress of the charitable activities in this first year. however these activities are planned to start in 2022.

OBJECTIVES AND ACTIVITIES

Objectives and aims

To advance such charititable purposes as the trustees see fit from time to time. In particular but not limited to:

The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.

REFERENCE AND ADMINISTRATIVE INFORMATION

Name of Charity McQuin Charitable Trust Charity registration number 1192120 Principal address 46 Springfield Road Poole BH14 0LQ

Trustees

The trustees and officers serving during the year and since the year end were as follows:

Mr A McQuin Mr C Turner Mr T Wheeler Independent examiners Chippendale and Clark First Floor, Absol House Ivy Road Industrial Estate Chippenham SN15 1SB

Approved by the Board of Trustees and signed on its behalf by

............................................................................. Mr A McQuin

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McQuin Charitable Trust Independent Examiners Report to the Trustees

For the year ended 30 November 2021

I report to the trustees on my examination of the accounts of the charity for the year ended 30 November 2021.

Responsibilities and basis of report

As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiners statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Philip Clark

ACMA Chippendale and Clark First Floor, Absol House Ivy Road Industrial Estate Chippenham SN15 1SB

04 March 2022

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McQuin Charitable Trust Statement of Financial Activities

For the year ended 30 November 2021

Notes
Income and endowments from:
Donations and legacies
2
Total
Expenditure on:
Charitable activities
3/4
Total
Net income
Total funds carried forward		 Unrestricted
funds
£
38,400
38,400
(697)
(697)
37,703
37,703

3 of 8

McQuin Charitable Trust Statement of Financial Position As at 30 November 2021

Notes
Current assets
Cash at bank and in hand
Creditors: amounts falling due within one year
8
Net current assets
Total assets less current liabilities
Net assets
The funds of the charity
Unrestricted income funds
9
Total funds		 £
2021
38,078
38,078
(375)
37,703
37,703
37,703
37,703
37,703

The financial statements were approved and authorised for issue by the Board and signed on its behalf by:

Mr A McQuin Trustee

4 of 8

McQuin Charitable Trust Notes to the Financial Statements

For the year ended 30 November 2021

1. Accounting Policies

Basis of accounting

The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Charities Act 2011.

McQuin Charitable Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

Going concern

The financial statements are prepared on a going concern basis as the charity has ongoing regular donations and expects to start supporting charitable purposes in the coming year.

2. Income from donations and legacies

Unrestricted funds
Donations received
osts of charitable activities by fund type
Unrestricted funds
Support costs
osts of charitable activities by activity type
To advance charitable purposes
as the trustees see fit from time
to time including poverty,
education, health, environmental
& disadvantaged		 2021
£
38,400
38,400
2021
£
697
2021
£
697

3. Costs of charitable activities by fund type

4. Costs of charitable activities by activity type

5 of 8

McQuin Charitable Trust Notes to the Financial Statements Continued For the year ended 30 November 2021

5. Analysis of support costs
Governance costs
6. Net income/(expenditure) for the year
This is stated after charging/(crediting):
Accountancy fees
7. Particulars of employees
Employees
8. Creditors: amounts falling due within one year
Accruals and deferred income
9. Movement in funds
Unrestricted Funds
General
General		 Incoming
resources
£
38,400
38,400		 2021
£
697
2021
£
375
2021
0
0
2021
£
375
375
Outgoing
resources
£
(697)
(697)		 Balance at
30/11/2021
£
37,703
37,703

6 of 8

McQuin Charitable Trust Notes to the Financial Statements Continued

For the year ended 30 November 2021

Purpose of unrestricted Funds

General

To advance such charititable purposes as the trustees see fit from time to time. In particular but not limited to:

10. Analysis of net assets between funds

alysis of net assets between funds
Net current Net Assets
assets /
(liabilities)
£ £
estricted funds
General
General 37,703 37,703
37,703 37,703

Unrestricted funds

7 of 8

McQuin Charitable Trust Detailed Statement of Financial Activities For the year ended 30 November 2021

INCOME AND ENDOWMENT
Donations and legacies
Donations
Total incoming resources
SUPPORT COSTS
Governance costs
Governance costs
Total resources expended
Net Income		 £
2021
38,400
38,400
38,400
(697)
(697)
(697)
37,703

8 of 8

This page does not form part of the statutory financial statements