_**DRAFT FOR APPROVAL**_ ## **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** _**DRAFT FOR APPROVAL**_ ## **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 2. 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** _**DRAFT FOR APPROVAL**_ ## **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| ||||||