Charity Accounts Intelreading the accounts so you don’t have to

THE SECOND QUOTHQUAN CHARITABLE TRUST

Registered charity 273229 · accounts filings on the Charity Commission register · also known as SECOND QUOTHQUAN CHARITABLE TRUST, SQCT

In addition to continuing to provide administration services to related charities and rented social housing, it has received a significant gift the larger part of which has designated towards property acquisition.

Causes: Religious Activities · Get email alerts

Latest income
£31k
Latest spending
£37k
Registered
1977
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a net deficit of £5,237 for the year ended 31 December 2024, resulting in a decrease in unrestricted funds to £423,140. Per the trustees' report, the current assets of £92,561 are considered over a year of normal running costs, and the financial position is deemed satisfactory. The charity is a going concern with sufficient reserves to secure its immediate future for the next 12 to 18 months.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: six months of undesignated expenditure (held: £423k)
“The Trustees would like the uninvested “free” reserves to be at least six months of undesignated expenditure (the running costs).” — page 5
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The Trust provided bookkeeping and administration services to Harvest Fields Homes, Quothquan Homes and the Alfred Haines Charitable Trust which are charities that are related/associated as they have common trustee(s) with this Trust. It charged them £5,500, £4,500 and £1,000 respectively (2023: £5,500, £4,500 and £900 respectively).
“This Trust provided bookkeeping and administration services to Harvest Fields Homes, Quothquan Homes and the Alfred Haines Charitable Trust which are charities that are related/associated as they have common trustee(s) with this Trust. It charged them £5,500, £4,500 and £1,000 respectively (2023: £5,500, £4,500 and £900 respectively).” — page 13
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Birmingham City

Income and spending

Financial year endIncomeSpending
31/12/2024£31k£37k
31/12/2023£31k£20k
31/12/2022£29k£22k
31/12/2021£79k£21k
31/12/2020£29k£25k

Common questions

Is THE SECOND QUOTHQUAN CHARITABLE TRUST financially healthy?

Per its FY2024 accounts: The accounts state that the charity reported a net deficit of £5,237 for the year ended 31 December 2024, resulting in a decrease in unrestricted funds to £423,140. Per the trustees' report, the current assets of £92,561 are considered over a year of normal running costs, and the financial position is deemed satisfactory. The charity is a going concern with sufficient reserves to secure its immediate future for the next 12 to 18 months. Its FY2024 accounts were independently examined.