THE SQUIRES FOUNDATION
TRUSTEES, REPORT AND ACCOUNTS
16 MARCH 2024
Charity Number: 328149
STEPHENSON COATES AUDIT LIMITED
Chartered Accountants
West 2, Asama Court
Newcastle Business Park
Newcastle upon Tyne
NE4 7YD

THE SQUXRES FOUNDATION
ACCOUNTS
YEAR ENDED 16 MARCH 2024
CONTENTS
PAGE
Members of the Board and professional advisers
Trustees, Annual Report
Independent examiner's report to the trustees
statement of financial activities
Balance sheet
Notes to the accounts

THE SQUIRES FOUNDATION
MEMBERS OF THE BOARD AND PROFESSIONAL ADVISERS
Registered charity name
The Squires Foundation
Charity number
328149
Principal office
The Community Foundation
Philanthropy House
Woodbine Road
Gosforth
Newcastle upon Tyne
NE3 IDD
Trustees
John Squires
Lynn Squires
Malcolm Squires
Mark Squires
Stephen Squires
Independent examiner
John Oswald BA FCA
Stephenson Coates Audit Limited
Chartered Accountants
West 2, Asama Court
Newcastle Business Park
Newcastle upon Tyne
NE4 7YD
Bankers
National Westminster Bank plc
16 Northumberland street
Newcastle upon Tyne
NEI 7EL

THE SQUIRES FOUNDATION
TRUSTEES, ANNUAL REPORT
YEAR ENDED 16 MARCH 2024
The trustees present their report and the unaudited accounts of the charity for the year
ended 16 March 2024.
REFERENCE AND ADMINISTRATIVE DETAILS
Reference and administrative details are shown in the schedule of members of the board
and professional advisers on page l of the accounts.
THE TRUSTEES
The trustees who served the charity during the period were as follows..
John Squires
Lynn Squires
Malcolm Squires
Mark Squires
stephen Squires
STRUCTURE. GOVERNANCE AND MANAGEMENT
The Trust was established by Trust Deed dated 17 March 1989 by John Squires and
stephen Raymond Squires. It was originally called The Benfield Motors Charitable Trust
and changed its name in 2015. The Squires Foundation is registered with the Charity
Commission, No. 328149. Charitable expenditure is made at the discretion of the Trustees.
OBJECTIVES AND ACTIVITIES
The Trust is established for the purpose of making a wide range of donations to many
organisations, the majority of which are based in the North East of England.
Grants are approved by the Trustees in line with the objectives of the Trust, which are.
Social Welfare, particularly the relief of need, hardship and distress, Community
Development; work which supports children, young people and the elderly, local hospitals
and hospices; Christian activities and the arts.
Such grants have previously been funded by donations from Addison Motors Limited.
There have been no changes to the Trust's objectives or the policies used to achieve them.
The Trustees confirm that regard has been given to current guidelines on public benefit in
the Charities Act 2011.
OUR PLANS FOR THE FUTURE
The Trustees plan to continue their grant making activities at a level that is supported by
funding received from St Ebba Capital Limited.
ACHIEVEMENTS AND PERFORMANCE
In the current year the Trust received £190,204 (2023: £119,160) as donations from St
Ebba Capital Limited. All of the Trustees are also shareholders of that company. John
Squires, Malcolm Squires, Stephen Squires and Mark Squires are also directors of St Ebba
Capital Limited. In accordance with the Trust's objectives and grant making policyi grants
totalling £225,100 (2023: £133,188) were awarded and paid during the year to a range of
organisations. A full list of grants made 15 set out in Note 7 to the accounts.

THE SQUIRES FOUNDATION
TRUSTEES. ANNUAL REPORT (contlnued)
YEAR ENDED 16 MARCH 2024
GRANT MAKING POLICY
All applications received by the Trust are summarised and scored by the grant making
committee members. The top 15-20 scorlng applications are brought forward to one of two
grant making meetings held each year.
FINANCIAL REVIEW
The attached accounts show the current state of the flnances which the Trustees consider
to be adequate. Funds have been applied to l¢xal and national charitable organisations.
The Trustees require reserves to be sufficient to allow The Squire5 Foundation the flexibility
to continue and develop in accordance with the charlty's objectives. The Trustees review
the policy on reser¥es on an annual basis.
At the 16 March 2024 the reserves balance totalled £62,745 (2023: £98,340). Included
within this Is restricted funds of £62,471 (2023: £98,272).
RISK STATEMENT
The Trustees do not consider the charity is exposed to any significant risks not currently
covered by controls in place.
STATEMENT OF TRUSTEES. RESPONSIBILrrIES
The Tru5tee5 are responsible for preparing the Trustees. Annual Report and their accounts
in accordance wlth the applicable law and United Kingdom Accounting Standards (United
Kingdom Generally Accepted Accounting Practice).
Law applicable to charities in England and Wales requires the Trustees to prepare accounts
for each financial year which give a true and fair view of the state of affairs of the charity
and of the incoming resources and application of resources of the charity for that year. In
preparing these accounts the Trustees are required to:
Select suitable accounting policies and then apply them consistently;
Observe the methods and prinoples in the Charities SORP;
Make judgements and estimates that are reasonable and prudent.
state whether applicable UK Accounting Standards have been followed, subject to
any material departures disc105ed and explained in the accounts; and
Prepare the accounts on the going concern basis unless it is inappropriate to
presume that the charity will continue in operation.
The Trustees are responslble for keeplng adequate accounting records which disclose wlth
reasonable accuracy at any time the financial positron of the charity and enable them to
ensure that the finanaal statements comply with the Charities Act 2011. 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 EXAMINER
stephenson Coates Audit Limited has been re-appointed as independent examlner for the
ensuing year.
Signed by order of the trustees
ohn Squires
Trustee
8 January 2025

THE SQUIRES FOUNDATION
INDEPENDENT EXAMINER'S REPORT TO
THE TRUSTEES OF THE SQUIRES FOUNDATION
YEAR ENDED 16 MARCH 2024
I report to the trustees on my examination of the accounts of The Squires Foundation for
the year ended 16 March 2024, which are set out on pages 5 to 11.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts
in accordance with the requirements of the Charities Act 2011('the Act,). You consider that
the audit requirements of section 144 of the 2011 Act do not apply and that an independent
examination is requi￿d.
Having satisfied myself that the accounts are not required to be audited, I report in respect
of my examination of the Trustee'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 2011 Act.
Independent examiner's statement
I confirm that I am qualified to undertake the examination because I am a member of the
Institute of Chartered Accountants in England and Wales.
I have completed my examination. I confirm that no material matters have come to my
attention in connection with the examination giving me cause to believe that in any
material respect:
accounting records were not kept in respect of the Trust as required by section 130 of
the Act; or
2. the accounts do not accord with those records. or
3. the accounts do not cornply 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.
John Oswald BA FCA
Stephenson Coates Audit Limited
West 2, Asama Court
Chartered Accountants
Newcastle Busines5 Park
Newcastle upon Tyne
NE4 7YD
8 January 2025

THE SQUIRES FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 16 MARCH 2024
Note Unrestricted
Funds
2024
Restricted
Funds
2024
Total
Funds
2024
Total
Funds
2023
INCOME AND
ENDOWMENTS
Donations and
legacies
Investment income
190,399
190,399
1,340
231,295
405
TOTAL INCOME
191,739
191,739
231,700
EXPENDITURE
Expenditure on
charitable activities
191 533
227 334
134 084
TOTAL
EXPENDITURE
NET INCOMING
RESOURCES &
NET MOVEMENT
IN FUNDS FOR
THE YEAR
191 533
227 334
134 084
206
(35,801)
(35,595)
97,616
RECONCILIATION
OF FUNDS
Total funds brought
forward
68
724
TOTAL FUNDS
CARRIED
FORWARD
11,12
274
62,471
62,745
98,340
The Statement of financial activities includes all gains and losses in the year.
All of the above amounts relate to continuing activities.
The notes on pages 7 to 11 form part of these accounts.

THE SQUIRES FOUNDATION
BALANCE SHEET
YEAR ENDED 16 MARCH 2024
2024
2023
Note
CURRENT ASSETS
Debtors
Cash at bank
30,500
65,437
112,310
95,937
112,310
CREDrroRS: Amounts falllng due within
one year
io
(33,192)
{13,970)
NEf CURRENT ASSETS
62,745
98,340
TOTAL ASSETS LESS CURRENT LIABILrfiES
62,745
98,340
FUNDS OF THE CHARITY
Unrestricted funds
Restricted funds
li
li
274
62,471
68
98,272
TOTAL CHARITY FUNDS
11, 12
62,745
98,340
These accounts were approved by the members of the cornmittee and authorised for issue
on 8 January 2025 and are signed on their behalf by..
lohn Squlres
Trustee
The notes on pages 7 to 11 form part of these accounts.

THE SQUIRES FOUNDATION
NOTES TO THE ACCOUNTS
YEAR ENDED 16 MARCH 2024
ACCOUNTING POLICIES
General information
The Foundation is a registered charity in England and Wales with charity number:
328149. The address of the principal office is The Community Foundation,
Philanthropy House, Woodbine Road, Gosforth, Newcastle upon Tyne, NE3 IDD.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The
Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the
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) (Charities SORP (FRS 102)) and the Charities Act 2011.
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of
the entity.
The Squires Foundation meets the definition of a public benefit entity under FRS 102.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make
judgements, estimates and assumptions that affect the amounts reported. These
estimates and judgements are continually reviewed and are based on experience and
other fattors, including expectations of future events that are believed to be
reasonable under the circumstances. There are no key sources of judgement or
estimation to report.
Fund Accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance
of the general objectives of the charity and which have not been designated for other
purposes.
Restricted funds are subject to restrirtions on their expenditure imposed by the funder,
donor or through the terms of an appeal.
Income
All income is recognised once the Foundation has entitlement to the income, it is
certain that the income will be received and the monetary value of the income can be
measu red with sufficient reliability.
Income from investments is included in the year in which it is receivable.

THE SQUIRES FOUNDATION
NOTES TO THE ACCOUNTS
YEAR ENDED 16 MARCH 2024
I. ACCOUNTING POLICIES (continued)
Expenditure
Liabilities are recognised as expenditure as soon as there is legal or constructive
obligation committing the charity to the expenditure. All expenditure is accounted for
on an accruals basis and has been classified under headings that aggregate all costs
related to the category.
Grants payable are made to third parties in the furtherance of the charitable objectives
of the Foundation. These are included under charitable activities in the statement of
financial activities. Provisions for grants are made when the trustees have agreed to
pay the grant without condition or the recipient has a reasonable expectation they will
receive the grant.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a
party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable
including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other
consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective
evidence of impairment at the end of each reporting date. If there is objective evidence
of impairment, an impairment loss is recognised under the appropriate heading in the
statement of financial activities in which the initial gain was recognised.
Any reversals of impairment are recognised immediately, to the extent that the
reversal does not result in a carrying amount of the financial asset that exceeds what
the carrying amount would have been had the impairment not previously been
recognised.
DONATIONS AND LEGACIES
Total
Funds
2024
Total
Funds
2023
Unrestricted Restricted
Funds
Funds
Donations
Donations
190,399
190,399
231,295

THE SQUIRES FOUNDATION
NOTES TO THE ACCOUNTS
YEAR ENDED 16 MARCH 2024
INVESTMENT INCOME
Total
Funds
2024
Total
Funds
2023
Unrestricted Restricted
Funds
Funds
Bank interest receivable
1,340
1,340
405
COSTS OF CHARITABLE ACTIVITIES BY FUND TYPE
Total
Funds
2024
Total
Funds
2023
Unrestricted Restricted
Funds
Funds
Grants payable (Note 7)
Other costs
189,299
2,234
35,801
225,100
5,119
133,188
896
191,533
35,801
227,334
134,084
COSTS OF CHARITABLE ACTIVITIES BY ACTIVITY TYPE
Activities
undertaken
directly
Grant
funding
activities
Total
Funds
2024
Total
Funds
2023
Grants payable (Note 7)
other costs
225,100
225,100
2,234
133,188
896
2,234
2,234
225,100
227,334
134,084
NET INCOMING RESOURCES FOR THE YEAR
Net incoming resources is stated after charging independent examiners fees of £650
(2023: £687).

THE SQUIRES FOUNDATION
NOTES TO THE ACCOUNTS
YEAR ENDED 16 MARCH 2024
GRANTS PAYABLE
2024
2023
Unrestricted:
Grants to institutions
The Lighthouse Project
Community Foundation
DEC Ukrainian Appeal
Traidcraft Exchange
Newcastle West End Food Bank
Cry In The Dark
The Bay Food Bank
West Northumberland Foodbank
Walker and District Food Bank
The People's Kitchen
Countryside Trust
Transform Trade
Charlotte Straker
TST Tyne
St Oswald's Hospice
Feeding Families
Grants to individuals
Ian Forster- Ukrainian donation
50,000
36,710
10,000
7,500
4,000
4,500
2,000
2,000
2,000
67,392
10,000
5,500
5,000
5,000
5,000
5,000
1,000
47,998
10,000
5,000
19,909
2,500
189,299
119,460
Restricted:
Grants to institutions
Church and Community Partnership (Tynedale)
35,801
13,728
Total
225,100
133,188
KEY MANAGEMENT PERSONNEL AND TRUSTEE REMUNERATION AND
EXPENSES
The charity employed no individuals during the year (2023: None).
The key management personnel of the charity comprises solely of the trustees.
There was no trustee remuneration or expenses in the year (2023.. None).
DEBTORS
2024
2023
Prepayments and accrued income
30,500
io-

THE SQUIRES FOUNDATION
NOTES TO THE ACCOUNTS
YEAR ENDED 16 MARCH 2024
10. CREDITORS: Amounts falling due within one year
2024
2023
Other creditors
33,192
13,970
11. ANALYSIS OF CHARITABLE FUNDS
Balance at
17 March
2023
Balance at
16 March
2024
Income
Expenditure
Unrestricted Funds
Restricted Funds
68
98,272
191,739
(191,533)
(35,801)
274
62,471
Total charity Funds
98,340
191,739
(227,334)
62,745
Restricted funds relate fully to supporting salary costs and expenses for the Church &
Community Partnership (Tynedale).
12. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted
Funds
Restricted
Funds
Total
Current assets
Creditors less than l year
33,466
(33,192)
62,471
95,937
(33,192)
Total Funds
274
62,471
62,745
13. RELATED PARTY TRANSACTIONS
St Ebba Capital Limited donated £190,204 (2023.. £119,160) to the Squires
Foundation in the year. The trustees of the charity are also directors of St Ebba
Capital Limited.
John Squires is a trustee of Church and Community Partnership (Tynedale). During
the year donations were made to Church and Community Partnership {Tynedale) of
£35,801 (2023.. £13,728).
li-