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QUEEN MARGARET ACADEMY SCHOOL FUND
COMMITTEE MEMBERS’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st JULY 2024
Charity Registration No. SC005676
Committee member
LEGAL & ADMINISTRATIVE INFORMATION
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QUEEN MARGARET ACADEMY SCHOOL FUND
Charity No. SC005676 Principal Address Queen Margaret Academy Dalmellington Road Ayr KA7 3TL Independent Examiner Bankers Bank Of Scotland 123 High Street Ayr KA7 1QP
QUEEN MARGARET ACADEMY SCHOOL FUND TO BE UPDA TED B Y COMMIThEE COMMITTEE MEMBERS, REPORT FOR YEAR ENDED 31st JULY 2024 DRAFT FOR APPROVAL
Independent Examiner’s Report for the Year Ended 31st July 2024
Independent Examiner’s Report to the Committee of Queen Margaret Academy School Fund
I report on the financial statements of the charity for the year ended 31st July 2024, which are set out in the following pages.
Respective responsibilities of Members' of the Committee and Examiner
The charity’s Members' of the Committee are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 (“the 2005 Act”) and the Charities Accounts (Scotland) Regulations 2006 (as amended) (“the 2006 Regulations”). The charity’s Members' of the Commitee consider that the audit requirement of Regulation 10(1)(d) of the 2006 Regulations does not apply. It is my responsibility to examine the accounts as required under section (44)(1)(c) of the 2005 Act and to state whether particular matters have come to my attention.
Basis of Independent Examiner’s Statement
My examination is carried out in accordance with Regulation 11 of the 2006 Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, I do not express an audit opinion on the view given by the accounts.
Independent Examiner’s Statement
In connection with my examination, no matter has come to my attention:1. which gives me reasonable cause to believe that, in any material respect, the requirements:– to keep accounting records in accordance with section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Regulations, and
– to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Regulations have not been met, or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
QUEEN MARGARET ACADEMY SCHOOL FUND
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STATEMENT OF RECEIPTS & PAYMENTS FOR THE YEAR ENDED 31st JULY 2024
| Notes Income Fundraising 1 School trips, Outings & Events Total Income Expenditure School trips, Outings & Events Charitable Donations 2 Total Expenditure Surplus/(Deficit) for the Year Fund balances at 1st August 2023 Fund balances at 31st July 2024 |
Unrestricted Funds £ 0 4,190 4,190 4,167 0 |
Designated Funds £ 920 75,775 76,695 76,583 1,113 |
Restricted Funds £ 0 0 0 0 0 |
Total Total 2024 2023 £ £ 920 10,954 79,965 107,509 80,885 118,463 80,750 101,316 1,113 1,690 |
|---|---|---|---|---|
| 4,167 23 5,009 5,032 |
77,696 (1,001) 44,606 43,605 |
0 0 229 229 |
81,863 103,006 (978) 15,457 49,844 34,387 48,866 49,844 |
QUEEN MARGARET ACADEMY SCHOOL FUND
BALANCE SHEET AS AT 31st JULY 2024
| BALANCE SHEET AS AT 31st JULY 2024 | DRAFT FOR APPROVAL | ||
| Notes Current Assets Cash at Bank and on Hand Creditors: Amounts falling due within oneyear Total Assets less Current Liabilities Income Funds Restricted Funds 3 Unrestricted Funds : Designated Funds Other School Funds |
Total 2024 £ 48,866 48,866 0 48,866 229 43,605 5,032 48,866 |
Total 2023 £ 49,844 49,844 0 49,844 229 44,606 5,009 49,844 |
|
QUEEN MARGARET ACADEMY SCHOOL FUND
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31st JULY 2023 DRAFT FOR APPROVAL
| 1. Fundraising Donations and Gifts 2. Charitable Donations SCIAF Ayrshire Hospice SSVP Beatson Cancer Research Ayrshire Cancer SAMH 3. Restricted Funds Badagry Heartstart |
Unrestricted Funds £ - - - - - - - 0 Balance at 1st August 2023 - 229 229 |
Designated Restricted Funds Funds £ £ 920 - - - 165 - 343 - 105 - 500 - - - 1,113 0 Inc/Transfers Exp/Transfers - - - - - - Movement in Funds |
Total 2024 £ 920 - 165 343 105 500 - 1,113 Balance at 31st July 2024 - 229 229 |
Total 2023 £ 10,954 |
|---|---|---|---|---|
| 1,040 - - 100 - 550 |
||||
| 1,690 | ||||