Charity registration number 1002059 (England and Wales)
Company registration number 2582374
ROTARY FOUNDATION OF THE UNITED KINGDOM
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30JUNE 2024

ROTARY FOUNDATION OF THE UNITED KINGDOM
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
A Gray
N Vaughan
(Appointed 6January 20241
IAppointed l July 20241
Secretary
Amanda Watkin
Charity nurnber {England and Wales)
1002059
Company number
2582374
Registered office
Old Council Offices
Kinwarton Road
Alcester
Warwickshire
B49 6PB
Auditor
Burgis & Bullock
23-25 Waterloo Place
Learnington Spa
Warwickshire
CV32 SLA
Bankers
CAF Bank Limited
25 Kings Hill Avenue
West Malling
ME19 4TA
Lloyds Bank
Alcester Branch
I Stratford Road
Warwickshire
B49 SAX
Bank of Ireland
Main Street
Wicklow
A67 H297

ROTARY FOUNDATION OF THE UNITED KINGDOM
CONTENTS
Page
Trustees. report
Statement of trustees, responsibilities
Independent auditor's report
9-12
Statement of financial activities
13-14
Balance sheet
15
Statement of cash flows
16
Notes to the financial statements
17-26

ROTARY FOUNDATION OF THE UNITED KINGDOM
TRusfEES' REPORT (INCWDING DIREcfoRS' REPORT)
FOR THE YEAR ENDED 30JUIVE 2024
The Directors present their combined Annual Report for the year to 30 June 2024, prepared under the
Companies Art 21)06 and the Charities Att 2011, together with the audited financial statements for the year,
prepared in accordance with the accounting policies set out in note I to the accounts, and compliant with
the charity's governing document, "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 United Kingdom and Republic of Ireland IFR51021" and the fin3ncial reporting standards
applicable in the UK and Republic of Ireland {FRS1021.
Objectives and activities
Choritoble objertive
The charitable company's objectives as set out in its Articles of Association are to advance any charitable
purpose or the charitable work of any institution anywhere in the world and in particular..
il the advancement of education. and
ill the preservation and protection of the health of the general public.
In addition. the charitable company is committed to supporting the activities of The Rotary Foundation of
Rotary International which has a mission to advance world understanding, goodwill and peace by
improvement of health, providing quality education. improving the environment and alleviating poverty.
In order to meet and further the charity objectives the following policies have been adopted:
Maintaining its income stream of voluntary donations, primarily sourced throLJgh the generosity of
Rotarians and friends of the Foundation.
Providing support through grants of projects and activities of The Rotary Foundation of Rotary
International that fall within the criteria defined by the company's objectives.
Increasing awareness of alternative fundraising opportunities.
SUC￿$$ Criteria
The generosity of individual Rotarians, their families and the Rotary Clubs to the aims of The Foundation
worldwide plays a significant part in the success in achieving the ststed objectives of the charitable company.
Public benefit
The Directors have referred to the Charity Commission's general guidance on public benefit when reviewing
the aims and objectives and in planning future activities.
The Directors regularly review their grant making policy to ensure that it advances public benefit by reflecting
the company's objectives. The nature of these objectives mean that the benefits are available for worldwide
consumption by all.

ROTARY FOUNDATION OF THE UNITED KINGDOM
TRUSTEES, REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30JUIVE 2024
Achievements and performance
The success of the charity in meeting its aims and objectives is measured as follows:
The charitable company raised in excess of £2.8 million during the year to 30 June 2024, through donations
from individual Rotarians and friends. Rotary clubs and legacies. Of this total £912,766 relates to the
PolioPlus campaign for the eradication of polio worldwide and £26,953 was raised in support of the Disaster
Appeal, dedicated to support Ukrainian. Pakistan Floods and Turkeylsyria crisis projects.
Maintenance of these levels of giving by Rotary clubs and members. particularly in view of the difficult
economic climate and the pandemic, is testament to the enthusiasm and determination of Rotarians to
support the attivities of their own charity.
The company has been able to provide funding totalling £2,839,91012023- £3,055,777) for projects of The
Rotary Foundation of Rotary International which aim to deliver this company's charitable objectives.
What we plan to do in the year to 30 June 2025
Rotary Foundation of the United Kingdom will continue to encourage Rotarians to meet the long-standing
challenge for the eradication of polio worldwide.
In addition, fundraising efforts will continue to raise awareness of other projerts under the Annual Fund
which provides funding for the general charitable attivities of the Foundation.
Financial review
The charity has made a surplus for the year. Detailed financial statements are attached to this report which
provide the following highlights:
Prlnclpalfundlng sources
Rotary Foundation of The United Kingdom is dependent on funding by voluntary donations and fundraising
activitie5 of Rotarians in Great Britain and Ireland, and no governrnent funding or grants are received, except
for the benefits available to registered charities. Rotarians are noted for their generosity which is very much
appreciated. In addition to donations of money, many Rotarians freely give their time to initiate and oversee
projects abroad set up in conjunction with locally based Rotary Clubs.
The Foundation encourages members and the general public to donate directly via an online plarform. It
does not use a third party professional fundraiser and has not received any fundraising complaints during the
year.
Donotions ond legocies
Donations in the year included legacies totalling £516.34812023: £743.8501. The Directors continually strive
to reduce the reliance on current Rotary members for individual donations which 15 the principal Source of
our funds each year.

ROTARY FOUNDATION OF THE UNITED KINGDOM
TRUSTEES, REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30JUIVE 2024
Investment income
Investment income, principally bank interest increased during the year reflecting the variances in bank and
other interest rates.
Costs of generating voluntory income
Cost of generating voluntary income includes administrative costs directly related to raising funds.
Staff and governonte costs
Rotary Foundation of the United Kingdom has no staff costs. All personnel and administrative duties are
currently carried out by staff members of Rotary International in Great Britain and Ireland to ensure that
administrative costs are kept to a minimum and to maximise the distribution to the intended recipients of
funds raised. Governance costs include fees and other administrative costs.
Plans for future periods
The charity plans on continuing the activities outlined above in future years.
We plan to continue working on improvements to administrative areas and reducing the costs associated
with those. We are looking to enhance the donors experience through better donation system and simplify
ways to donate.
Financial rnanagement and reserves
Budgets are prepared annually for review and approval by the Board of Directors. The Committee reviews
management information on a quarterly basis, monitoring performance against forecast.
Rotary Foundation of the United Kingdom has adopted a policy to retain in unrestricted reserves only
sufficient funds to cover expected fundraising and administrative costs for 18 months and to mitigate the risk
of an unforeseen substantial loss of income plus a contingent amount to cover potential administration costs
should Rotary International in Great Britain and Ireland be unable to continue to provide the aforementioned
staff support. The aim is to distribute all money allocated to the restrirted funds. by supporting projerts of
The Rotary Foundation of Rotary International each year.
As at 30 June 2024 the charity had unrestritted funds of £81.33212023: £38,027) and restricted funds of £Nil
12023- £Nil) and Capital funds of £25012023.. £2501.
The Director5 formally review the reserves policy each year.

ROTARY FOUNDATION OF THE UNITED KINGDOM
TRUSTEES, REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30JUIVE 2024
Structure, governan￿ and management
Company and charity status
Rotary Foundation of the United Kingdom is a Company Limited by Guarantee and not having a share capital,
which is registered in England, company number 2582374. It is also a charity. registered in England, number
1002059.
The company was incorporated on 29 June 1990 and registered as a charity on 27 February 1991.
The charitable company operates from the administrative headquarters of Rotary International in Great
Britain and Ireland at Kinwarton Road, Alcester. Warwickshire B49 6BP. which is also the registered office. For
information on the charitable company, please visit www.rotarygbi.org.
Rotary Foundation of the United Kingdom is a registered charitable company whose charitable purpose
defined within the Charities Act 2011 is for the advancement of health or the saving of lives and the
advancement of education. It is funded principally by voluntary donations from Rotarian members and clubs
of Rotary International in Great Britain and Ireland.
As an associate foundation. Rotary Foundation of the United Kingdom supports With funding projects and
activities of The Rotary Foundation of Rotary International, a not-for-profit corporation which was
incorporated in the State of Illinois, United States of America. on 31 May 1983.
Governing document
The charitable company is governed by its Articles of Association which were revised and adopted by the
members on l June 2023.
Trustees/Dirertors. oppointment and trnining
The appointment of the Direttors of the Rotary Foundation of the United Kingdom is under the control of the
members, who are the Trustees of The Rotary Foundation of Rotary International who have agreed to act as a
member of the charity.
Any Rotarian who has previously served as a member of the Board of Trustees of The Rotary Foundation of
Rotary International who resides in the Territory and who is willing to act. may be appointed as a Director by
the Members. If none are available or willing to act, then any Rotarian who has previously served as a
member of the Board of Trustees of the Rotary Foundation of the United Kingdom who resides in the
Territory and who is willing to act, may be appointed as a Director by the Members. In addition, the
Members may by ordinary resolution appoint additional Rotarians who are willing to act and who reside in
the Territory to be Directors I"Additional Directors I so long as there are no more than three Directors at any
given time.
Upon induction the Directors are provided with information to enable them to carry out their responsibilities
and duties through published guidance for charities and external advisors. in order to gain expertise.

ROTARY FOUNDATION OF THE UNITED KINGDOM
TRUSTEES, REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30JUIVE 2024
The Directors are covered by trustee liability insurance provided by Rotary GB&I. The trustee liability
insurance policy covers tax issues relating to an investigation by a government body li.e. HMRCI and will
provide legal advice and representation at any interviews.
The policy does not cover unpaid taxes or taxes that are found to be due but it is expected that this is highly
unlikely due to the stringent policies and procedures in place.
In addition. the insurance provides Excess Casualty coverage as well as Management & Professional Risk
coverage.
The Directors are volunteers who give their time to assist the organisation's vision and purpose of their own
free choice and without receipt of payment beyond the reimbursement of dirert expenditure.
Organisotional strurture
The company is run by its Board of Directors consisting of up to three Directors, who are also the trustees of
the charity. The Board of Directors has full responsibility for the activities and operation of the charitable
company.
The members of Rotary Foundation of the United Kingdom are those trustees of The Rotary Foundation of
Rotary International who have agreed to act as a member of the charitable company. The members have
responsibility for appointment of the dirertors of the charitable company and have no beneficial interest in
the charitable company. Their liability in the case of a winding up of the charitable company is limited to £1.
The Board of Directors aims to meet four times each year and oversee5 the management of the charitable
company's affairs and financial activities and provides overall policy dirertion within the strategic plan of The
Rotary Foundation of Rotary International which the charitable company is committed to support.
The day to day running of the charitable company is supervised by the General Secretary. Amanda Watkin,
who works closely with the Board of Directors.
Administrative details
The Directors who held office during the period from l July 2023 to the date of this report, unless otherwise
stated, are set out below:
M Webb
M Parry
l Legge
A Gray
N Vaughan
Resigned 25th November 2024
Time served and retired 30th June 2024
Time served and retired 15th July 2023
Appointed 6th January 2024
Appointed Istjuly 2024
On behalf of the Board of Trustees, we would like to thank Mike Webb and Mike Parry for their service as
Trustees and for their hard work and commitment to RFUK over the years.

ROTARY FOUNDATION OF THE UNITED KINGDOM
TRUSTEES, REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30JUIVE 2024
Corporate governance
There are procedures in place to ensure that internal controls over governance and financial matters are
continually assessed and refined. Performance is monitored and appropriate management information is
reviewed by the Board of Dirertors.
The systems of internal control are designed to provide reasonable assurance against material misstatement
or1055. These include..
Delegation of day to day management authority and segregation of duties
Identification and management of risks.
Principle risks and uncertainties
The principle risks and uncertainties for the Rotary Foundation of the United Kingdom appear to come from
the following areas:
Main source of donation income remains with Rotsry members- significant reduction in membership
could therefore result in reduction of donations,.
Pressure on administration costs through increased banking charges, costs for the use of credit card
facilities, continued low interest rates as well as the possibility that Rotary International in Great
Britain and Ireland could withdraw their staff support;
Incorrect. inefficient or old fashioned processes and procedures-
Non compliance with statutory and charity regulations.
The Direttors have always maintained that the factor most likely to affect future financial performance or
position is the general economic climate, as this will impact on individuals, desire and ability to make
charitable donations. They look to continue to monitor any impact relating to the ongoing energy crisis but
have found that emotional responses to global crisis. such as a war in Europe. had more impact on giving in
this year.
Risk management
The Board of Directors is continuously considering the risks and uncertainties that affect the charity and have
put systems in place to mitigate the same. particularly with regard to those risk which could jeopardise the
ability of the charity to continue with its charitable artivities. This involves taking external advice where
necessary as well as ensuring that internal systems remain robust to change and challenges.
Connected charities
Rotary Foundation of the United Kingdom is an associate foundation of The Rotary Foundation of Rotary
International, a not-for-profit corporation registered in USA. It also has a very strong relationship with Rotary
International in Great Britain and Ireland. whose members are prominent in its fundraising activities.
This report has been prepared in accordance with the accounting policies set out on page 17 and in
accordance with the provisions applicable to the companies subject to the small companies regime.

ROTARY FOUNDATION OF THE UNITED KINGDOM
TRUSTEES, REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30JUIVE 2024
The trustees, report was approved by the Board of Trustees.
A Gray
Trustee
N Vaughan
Trustee
16 Jan 2025
Date: .............................................

ROTARY FOUNDATION OF THE UNITED KINGDOM
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 30JUIVE 2024
The trustees, who are also the dirertors of Rotary Foundation of the United Kingdom for the purpose of
company law, are responsible for preparing the Trustees, Report and the fir)ancial statements in accordance
with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practice).
Company law requires the trustee5 to prepare financial statements 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,
including the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the trustees are required to:
select suitable accounting policies and then apply them consistently;
observe the methods and principles 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
disclosed and explained in the financial statements: and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy
at any time the financial position of the charity and enable them to ensure that the financial statements
comply with the Companies Art 2006. They are also responsible for safeguarding the assets of the charity
and hence for taking reasonable 5tep5 for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the charity and financial information
included on the charity's website. Legislation in the United Kingdom governing the preparation and
dissemination of financial statements may differ from legislation in other jurisdictions.

ROTARY FOUNDATION OF THE UNITED KINGDOM
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF ROTARY FOUNDATION OF THE UNITED KINGDOM
Opinion
We have audited the financial statements of Rotary Foundation of the United Kingdom Ithe 'charity'l for the
year ended 30 June 2024 which comprise the statement of financial attivities. the balance sheet. the
statement of cash flows and notes to the financial statements, including significant accounting policies. The
financial reporting framework that has been applied in their preparation is applicable law and United
Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard
opplicable in the UK and Republic of Ireland {United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements-
give a true and fair view of the state of the charitable company's affairs as at 30 June 2024 and of its
incoming resources and application of resources, for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice,. and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing IUKI (ISA5 IUKII and
applicable law. Our responsibilities under those standards are further described in the Auditor's
responsibilities for the audit of the financial stotements section of our report. We are independent of the
charity in accordance with the ethical requirements that are relevant to our audit of the financial statements
in the UK. including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in
accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial Statements, we have concluded that the trustees, use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events
or conditions that, individually or collettively, may cast significant doubt on the charity's ability to continue as
a going concern for a period of at least twelve months from when the financial statements are authorised for
issue.
Our responsibilities and the responsibilities of the trustees with respert to going concern are described in the
relevant sertions of this report.

ROTARY FOUNDATION OF THE UNITED KINGDOM
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF ROTARY FOUNDATION OF THE UNITED KINGDOM
Other information
The other information comprises the information included in the annual report other than the financial
statements and our auditor's report thereon. The trustees are responsible for the other information
contained within the annual report. Our opinion on the financial statements does not cover the other
information and we do not express any form of assurance conclusion thereon. Our responsibility is to read
the other information and. in doing so. consider whether the other information is materially inconsistent
with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to
be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we
are required to determine whether this gives rise to a material misstatement in the financial statements
themselves. If, based on the work we have performed. we conclude that there is a material misstatement of
this other information, we are required to report that fatt.
We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts
and Reportsl Regulations 2008 requires us to report to you if. in our opinion..
the information given in the financial statements is inconsistent in any material respect with the
trustees, report: or
sufficient accounting records have not been kept- or
the financial statements are not in agreement with the accounting records; or
we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the statement of trustees, responsibilities, the trustees, who are also the directors
of the charity for the purpose of company law, are responsible for the preparation of the financial statement5
and for being satisfied that they give a true and fair view, and for such internal control as the trustees
determine is necessary to enable the preparation of financial statements that are free from material
misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are
responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable,
matters related to goin8 concern and using the going concern basis of accounting unless the trustees either
intend to liquidate the charitable company or to cease operations. or have no realistic alternative but to do
so.
Auditor's responsibilities for the audit of the financial statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance
with the Art and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are
free from material misstatement, whether due to fraud or error, and to issue an auditor'5 report that include5
our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted
in accordance with ISAS IUKI will always detett a material misstatement when it exists. Misstatements can
arise from fraud or error and are considered material if, individually or in the aggregate, they could
reasonably be experted to influence the economic decisions of users taken on the basis of these financial
statements.
10-

ROTARY FOUNDATION OF THE UNITED KINGDOM
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF ROTARY FOUNDATION OF THE UNITED KINGDOM
Irregularities. including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above, to detect material misstatement5 in respect of
irreEularities, including fraud. The extent to which our procedures are capable of detecting irregularities,
including fraud. is detailed below.
We gained an understanding of the legal and regulatory framework applicable to the Charity and the industry
in which it operates and assessed the extent of compliance with these laws and regulations as part of our
procedures on the related financial statement items.
Based on our understanding of the Charity and industry we identified that the principal risk of non-
cornpliance with laws and regulations related to breaches of Health & Safety. GDPR, Charities Act 2011, UK
Tax Legislation, UK Employment Law. Companies Act and the terms of the charity's governing documents. We
also evaluated management incentive and opportunities for fraudulent manipulations of the financial
statements.
Audit procedures performed included-
Identifying and assessing the design effectiveness of controls in management have in place to prevent
and detect fraud.
Challenging assumptions and judgments made by management in their significant accounting estimates
and assessing if these indicate evidence of management bias.
Reviewing the accounting records for large and unusual bank payments and testing any identified and in
particular the rationale for any transaction5 Outside the charity's normal course of business.
Testing for the existence of related party transattions and confirming identity of relevant parties with
Trustees.
Testing a sample of debit entries in the profit and loss account to check they are bona-fide costs.
Discussions with management, including consideration of known or suspected incidences of non-
compliance with laws and regulation and fraud.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities,
including those leading to a material misstatement in the financial statements or non-compliance with
regulation. This risk increases the more that compliance with a law or regulation is removed from the events
and transactions reflected in the financial statements, as we will be less likely to become aware of instance5
of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as
fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities is available on the Financial Reporting Council's website at-
https'.//www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
11

ROTARY FOUNDATION OF THE UNITED KINGDOM
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF ROTARY FOUNDATION OF THE UNITED KINGDOM
Use of our report
This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the
charity's trustees those matters we are required to state to them in an auditor's report and for no other
purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other
than the charity and the charity's trustees as a body. for our audit work. for this report. or for the opinions
we have formed.
Wende Hubbard FCCA (Senior Statutory Auditor)
for and on behalf of Burgis & Bullock
16th January 2025
Chartered Accountants
ststutory Auditor
23-25 Waterloo Place
Leamington Spa
Warwickshire
CV32 SLA
BurEiS & Bullock is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment
as auditor of a company under section 1212 of the Companies Act 2006.
12

ROTARY FOUNDATION OF THE UNITED KINGDOM
STATEMENT OF FINANCIAL AcfiviTIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30JUNE 2024
Current financial year
Unrestricted Restrirted Endowment
funds
funds
funds
2024
2024
Z024
Total
Total
2024
2023
Notes
Income from:
Donations and legacies
Investments
132,982 2,839,910
40.048
2,972,892
40,048
3,192,455
6,727
Total income
173.030 2,839,910
3,012,940
3,199,182
Ex
enditure on:
Raising fund5
122,192
122,192
132,678
Charitable activities
7.533 2,839,910
2,847,443
3,060,714
Total expenditure
129.725 2,839,910
2,969,635
3,193,392
Net incomellexpenditurel for the
yearl Net movement in funds
43,305
43,305
5,790
Fund balances at l July 2023
38,027
250
38,277
32,487
Fund balances at 30June 2024
81,332
250
81,582
38,277
The statement of financial artivities includes all gains and losses recognised in the year.
The statement of financial artivities includes all gains and losses recognised in the year. All income and
expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure
account under the Companies Act 2006.
13-

ROTARY FOUNDATION OF THE UNITED KINGDOM
STATEMENT OF FINANCIAL AcfiviTIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30JUNE 2024
Prior financial year
Unrestricted Restricted Endowment
funds
funds
funds
2023
2023
2023
Total
2023
Note5
Income from:
Donations and legacies
Investments
136,678 3,055,777
6.727
3,192,455
6,727
Total income
143.405 3.055.777
3,199,182
Ex
enditure on:
Raising fund5
132,678
132,678
Charitable activities
4.937 3.055.777
3,060,714
Total expenditure
137.615 3.055.777
3,193,392
Net income for the year/
Net movement In funds
5,790
5,790
Fund balances at l July 2022
32.237
250
32,487
Fund balances at 30June 2023
38,027
250
38,277
14-

ROTARY FOUNDATION OF THE UNITED KINGDOM
BALANCE SHEEr
AS AT30 JUNE 2024
2024
2023
Notes
Current assets
Debtors
Cash at bank and in hand
12
103,356
1,541,853
683,383
1,131,124
1,645,209
1,814,507
Creditors: amounts falling due within
one year
13
(1,563,627)
11,776,230)
Net current assets
81,582
38,277
Net assets
81,582
38,277
The funds of the charity
Endowment funds
Unrestricted funds
14
250
250
81,332
38,027
81,582
38,277
The company is entitled to the exemption from the audit requirement contained in section 477 of the
Companies Act 2006. for the year ended 30 June 2024.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act
2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements under the
requirements of the Companies Act 2006, for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies
subjett to the small companies regime.
16 Jan 2025
The financial statements were approved bythe trustees on .........................
A Gray
Trustee
N Vaughan
Trustee
Company registration number 2582374 (England and Wale51
15-

ROTARY FOUNDATION OF THE UNITED KINGDOM
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30JUIVE 2024
2024
2023
Notes
Cash flows from operating artivities
Cash generated fromllabsorbed by)
operations
20
370,681
1157,6391
Investing activities
Investment income received
40,048
6,727
Net cash generated from investing activities
40,048
6,727
Net cash generated from financing artivities
Net increase/(decrease) in cash and cash
equivalents
410,729
1150,9121
Cash and cash equivalents at beginning of year
1,131,124
1,282,036
Cash and cash equivalents at end of year
1,541,853
1,131,124
16-

ROTARY FOUNDATION OF THE UNITED KINGDOM
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30JUIVE 2024
Accounting policies
Charity information
Rotary Foundation of the United Kingdom is a private company limited by guarantee incorporated in
England and Wales. The registered office is Old Council Offices, Kinwarton Road, Alcester, Warwickshire,
B49 6PB, the administrative headquarters of Rotary International in Great Britain and Ireland.
The company was incorporated on 29 June 1990 and registered as a charity on 27 February 1991. For
information on the charity please vi51t www.rotarygbi.org.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's
the Companies Act
2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" I'FRS
102,1 and the Charities SORP "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 IFRS 1021" {effective l January 20191. The charity
is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in Sterling, which is the functional currency of the charity.
Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal
accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the
charity has adequate resources to continue in operational existence for the foreseeable future. Thus
the trustees continue to adopt the going concern basis of accounting in preparing the financial
statements.
1.3 Charitsble funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their
charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used.
The purposes and uses of the restritted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by
the charity.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have
been met, the amounts can be measured reliably, and it is probable that income will be received.
17

ROTARY FOUNDATION OF THE UNITED KINGDOM
NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30JUIVE 2024
Accounting policie5
(Continued)
Cash donations are recognised on receipt. Other donations are recognised once the charity has been
notified of the donation, unless performance conditions require deferral of the amount. Income tax
recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the
time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending
distribution, the amount is known. and receipt is expected. If the amount is not known, the legacy is
treated as a contingent asset.
Donated services are recognised on the basis of goods purchased on behalf of the charity and staff time
spent on the charity's activities, as provided by Rotary International of Great Britain and Ireland.
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit
to a third party, it 15 probable that a transfer of economic benefits will be required in settlement, and
the amount of the obligation can be measured reliably.
Raising funds costs consist of the costs of raising donations and legacies.
Governance costs comprise all costs involving public accountability of the charity and its compliance
with regulation and good practice. These include costs related to statutory audit and professional fees
and the cost of meetings.
1.6 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are
shown within borrowings in current liabilities.
1.7 Financial instruments
The charity has elected to apply the provisions of Settion 11 'Basic Financial Instruments, and Settion
12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to
the contractual provisions of the instrument.
Financial assets and liabilities are offset. with the net amounts presented in the financial statement5,
when there is a legally enforceable right to set off the recognised amounts and there is an intention to
settle on a net basis or to realise the asset and settle the liability simultaneously.
18-

ROTARY FOUNDATION OF THE UNITED KINGDOM
NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30JUIVE 2024
Accounting policie5
(Continued)
Basicfinoncial 055ets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction c05t5 and are Subsequently carried at amortised cost using the
effective interest method unless the arrangement constitutes a financing transartion, where the
transaction is measured at the present value of the future receipts discounted at a market rate of
interest. Financial assets classified as receivable within one year are not amortised.
Bosicfinonciol liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price
unless the arrangement constitutes a financing transaction. where the debt instrument is measured at
the present value of the future payments discounted at a market rate of interest. Financial liabilities
classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost. using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary
course of operations from suppliers. Amounts payable are classified as current liabilities if payment is
due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are
recognised initially at transattion price and subsequently measured at amortised cost using the
effective interest method.
Derecognition offinanciol liobilities
Financial liabilities are derecognised when the chariws contractual obligations expire or are discharged
or cancelled.
1.8 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's services
are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably
committed to terminate the employment of an employee or to provide termination benefits.
Critical accounting estimate5 and judgements
In the application of the charity's accounting policies, the trustees are required to make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily
apparent from other sources. The estimates and associated assumptions are based on historical
experience and other factors that are considered to be relevant. Actual results may differ from these
estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate 15 revised where the revision affects only
that period, or in the period of the revision and future periods where the revision affects both current
and future periods.
19-

ROTARY FOUNDATION OF THE UNITED KINGDOM
NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30JUIVE 2024
Income from donations and legacies
Unrestricted Restricted
Total Unrestricted Restricted
Totsl
funds
2024
funds
2024
funds
2023
funds
2023
2024
2023
Donations and gifts
Legacies
Donated goods and
services
2.323.562 2,323.562
516.348
516.348
2,311,927 2,311,927
743,850
743,850
132,982
132,982
136,678
136,678
132,982 2.839.910 2.972.892
136,678 3,055,777 3,192,455
Income from investments
Unrestricted Unrestricted
funds
funds
2024
2023
Interest receivable
40,048
6,727
Expenditure on raising funds
Unrestricted Unrestricted
funds
2024
funds
2023
Fundraising and publicity
Other fundraising costs
122,192
132,678
-20-

ROTARY FOUNDATION OF THE UNITED KINGDOM
NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30JUIVE 2024
Expenditure on charitable artivities
Charitsble
activities
Charitsble
activities
2024
2023
Dirert costs
Grant funding of activities (see note 71
2,839,910
3,055,777
Share of support and governance costs (see note 8)
Governance
7.533
4,937
2,847.443
3,060,714
Analysis by fund
Unrestricted funds
Restricted funds
7,533
2,839.910
4,937
3,055,777
2,847.443
3.060,714
Grants payable
2024
2023
Grants to institutions:
The Rotary Foundation of Rotary International
2,839,910 3,055,777
21

ROTARY FOUNDATION OF THE UNITED KINGDOM
NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30JUIVE 2024
Support costs allocated to activities
2024
2023
Governance costs
7,533
4,937
Analysed between:
Charitable activities
7,533
4,937
2024
2023
Governance costs comprise:
Audit fees
Exchange rate revaluation
Bank and donation processing charges
6,790
11131
856
4,000
342
595
7,533
4,937
Audit fees include £1,750 paid to the auditors for the statutory accounts preparation.
Trustees
None of the trustees (or any persons connerted with them) received any remuneration or benefits from
the charity during the year. A total of £77 {2023= £2051 wa5 reimbursed to the trustees for travel
expenses.
10 Employees
The average monthly number of employees during the year was:
2024
Number
2023
Number
Total
There were no employees whose annual remuneration was more than £60.000.
-22-

ROTARY FOUNDATION OF THE UNITED KINGDOM
NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30JUIVE 2024
11 Taxation
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or
section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to it5
charitable objects.
12 Debtors
2024
2023
Amounts falling due within one year:
Other debtors
103,356
683,383
13 Creditors: amounts falling due within one year
2024
2023
Other creditors
Accruals and deferred income
1,557,127
6,500
1,772,230
4,000
1,563,627
1,776,230
14 Endowment funds
Endowment funds represent assets which must be held permanently by the charity- Income arising on
the endowment funds can be used in accordance with the objects of the charity and is included as
unrestricted income. Any capital gains or losses arising on the assets form part of the fund.
At l July 2023
At 30 June
2024
Permanent endowments
250
250
-23-

ROTARY FOUNDATION OF THE UNITED KINGDOM
NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30JUIVE 2024
14 Endowrnent funds
(Continued)
Previous year:
At l July 2022
At 30 June
2023
Permanent endowments
250
250
15 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which
are not subject to specific conditions by donors and grantors as to how they may be used. These
include designated funds which have been set aside out of unrestricted funds by the trustees for
specific purposes.
At l July 2023
Incomlng
resources
Resources
expended
At 30 June
2024
General funds
38,027
173,030
1129,7251
81,332
Previous year:
At l July 2022
Incoming
resources
Resources
expended
At 30 June
2023
General funds
32,237
143,405
1137,6151
38,027
16 Analysis of net assets between funds
Unrestricted Endowment
funds
funds
2024
2024
Total
2024
At 30 June 2024:
Current assets/lliabilities)
81,332
250
81,582
81,332
250
81,582
-24-

ROTARY FOUNDATION OF THE UNITED KINGDOM
NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30JUIVE 2024
16 Analysis of net assets between funds
(Continued)
Unrestricted Endowment
funds
funds
2023
2023
Totsl
2023
At 30 June 2023:
Current assetsllliabilitiesl
38,027
250
38,277
38,027
250
38,277
17 Related party transartions
The charity has taken advantage of exemptions available under FRS102 whereby it has not disclosed
transactions with the parent and ultimate parent company of the group.
18 Contingent a55etS
The charity has been notified that it is due to receive a share of income from three residual legacies.
The experted legacy income has not yet been recognised in the financial statements due to the
uncertainty regarding the amount of the receipts.
19 Controlling Party
"The Rotary Foundation of Rotary International"
a not-for-profit corporation and public charity
incorporated in the state of Illinois, USA, h35 the power to appoint or remove a majority of the
directorsltrustees of the Charity and as such is classified as its 'parent entity, for accounting purposes.
The Rotary Foundation of Rotary International funds charitable projerts including to fight disease,
provide clean water, relieve the need of mothers and children, and improve education, and provides
scholarships and professional training opportunities. in all cases for the public benefit.
The sole corporate member of The Rotary Foundation of Rotary International is"Rotary International"
also a corporation organised under the Illinois not-for-profit Corporation Act. Rotary International is
permitted under its local accounting protocols to include the Charity within its consolidated financial
statements. Such financial statements are available at One Rotary Center, 150 Sherman Ave, Evanston,
IL60201-3698, USA.
-25-

ROTARY FOUNDATION OF THE UNITED KINGDOM
NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30JUIVE 2024
20 Cash generated from/(absorbed by) operations
2024
2023
Surplus for the year
43,305
5,790
Adjustments for:
Investment income recognised in statement of financial activities
140,0481
16,7271
Movements in working capital:
Decrease/lincreasel in debtors
IDecreasellincrease in creditors
580,027
1212,6031
1674,8971
518,195
Cash generated from/(absorbed by) operations
370,681
1157,6391
21 Analysis of changes in net funds
The charity had no material debt during the year.
-26-