ROTARY CLUB OF TAUNTON VALE TRUST FUND
Trustees’ Annual Report for the Year Ended 30[th] June 2023
1. Administrative Details
The Rotary Club of Taunton Vale Trust Fund (‘the Fund’) is a charity registered with the Charity Commission under number 1005550.
The registered address is The Well House, Vicarage Lane, Creech St. Michael, Somerset, TA3 5PP.
The Trustees on the date of this report were: M P Lock (President – appointed 1st July 2023), A C Blackshaw (Secretary – appointed 27[th] June 2022) and A R Janes (Treasurer – appointed 1[st] July 2023). A R M Austin and M I Botting stood down as Trustees on 1[st] July 2023.
Other organisations relevant to the Fund are:
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a) The Rotary Club of Taunton Vale (‘the Club’)
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b) Rotary International in Great Britain & Ireland
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c) HSBC Bank plc, 17 North Street, Taunton – the Fund’s bankers
2. Structure & Governance
The Fund is an unincorporated association, its governing document being a Trust Deed dated 31[st] December 1983.
The Trustees are appointed annually by the members of the Club.
All Trustees give their time voluntarily and received no remuneration or other benefits.
3. Financial Policy
It is the Trustees’ policy to aim to hold only a small reserve balance for emergency situations. Some specific projects are ongoing and of a longer-term nature, and in such cases funds may be held until such time as the Trustees deem it appropriate to release them.
4. Objectives
The objectives of the Fund are to apply both the capital and income for general charitable purposes, with consideration for the general objects of Rotary, as the Club shall from time to time direct. The Club keep in mind the Charity Commission’s guidance on public benefit when considering which causes to support.
5. Achievements in the Year
As the accounts for the year ended 30[th] June 2023 indicate, through the efforts of the members of the Club, total income (net of associated expenses) for the year totalling £28,437 was raised. This enabled a number of projects and causes to be supported, as detailed in the Income & Expenditure Account. In particular, donations totalling £25,592 were paid out during the year, and expenditure totalling £2,437 was incurred in supporting initiatives driven by the Club for the benefit of the local community.
The Club and its members also support a number of other good causes through the giving of their time and experience.
On behalf of the Trustees
M P Lock (President)
A R Janes (Treasurer)
Approved by the Trustees on 8[th] April 2024
Rotary Club of Taunton Vale Trust Fund Account
| Event Income Golf Day Moonraker (incl. gift aid) Jane Taylor evening Quiz evening Canal challenge Other Income Members' Donations for RFUK Gift Aid on RFUK Donations Interest Fundraising/members donations for Ukraine (incl. gift aid Fundraising/donations for Turkey/Syria earthquake Hinton Skittle Comp Members donations (incl. gift aid) Inner Wheel donation for RFUK Polio Fund Face of Somerset donation District grant Total Income Expenditure Kids Out Less grant from Kids Out UK Net Kids Out Children's Concert Children's disco Technology Tournament (net of £600 sponsorship) Residential Homes Entertainment Purple Crocus Scheme (net cost) Website costs Bank and fundraising platform charges Donations TEDT RFUK Polio Fund RFUK Annual Fund RFUK Global Fund TOG Shelter Box Brain Tumour Research Papyrus (ref. Quantock Brewery) TV Innr Wheel Shoe Box Scheme Riuru Kenya Project DEC Afghanistan Pakistan earthquake relief Turkey/Syria earthquake relief Peru medical equipment project Green Days Nightstop Young Somerset Albermarle Centre Rotary - Ukraine Fund Ups and Downs CHARIS Total Expenditure / Donations Excess of expenditure over income |
2023 Income Expenses Net 7074 1471 5603 14826 4356 10470 10650 4839 5811 1518 248 1270 0 0 0 34,068 10,914 23154 984 246 127 - 1251 58 - - 1969 648 5,283 5283 28437 2304 -1170 1,134 700 - -2 - 105 11 162 2,110 5050 615 615 4000 - - - - 100 - 750 750 2427 - - - - 1000 - 4000 4175 23482 25592 2845 Income & Expenditure Account for the year ended 30th June 2023 |
2023 Income Expenses Net 7074 1471 5603 14826 4356 10470 10650 4839 5811 1518 248 1270 0 0 0 34,068 10,914 23154 984 246 127 - 1251 58 - - 1969 648 5,283 5283 28437 2304 -1170 1,134 700 - -2 - 105 11 162 2,110 5050 615 615 4000 - - - - 100 - 750 750 2427 - - - - 1000 - 4000 4175 23482 25592 2845 Income & Expenditure Account for the year ended 30th June 2023 |
2023 Income Expenses Net 7074 1471 5603 14826 4356 10470 10650 4839 5811 1518 248 1270 0 0 0 34,068 10,914 23154 984 246 127 - 1251 58 - - 1969 648 5,283 5283 28437 2304 -1170 1,134 700 - -2 - 105 11 162 2,110 5050 615 615 4000 - - - - 100 - 750 750 2427 - - - - 1000 - 4000 4175 23482 25592 2845 Income & Expenditure Account for the year ended 30th June 2023 |
2023 Income Expenses Net 7074 1471 5603 14826 4356 10470 10650 4839 5811 1518 248 1270 0 0 0 34,068 10,914 23154 984 246 127 - 1251 58 - - 1969 648 5,283 5283 28437 2304 -1170 1,134 700 - -2 - 105 11 162 2,110 5050 615 615 4000 - - - - 100 - 750 750 2427 - - - - 1000 - 4000 4175 23482 25592 2845 Income & Expenditure Account for the year ended 30th June 2023 |
Income 7830 19692 0 0 150 |
Income 7830 19692 0 0 150 |
2022 Expenses Net 3370 4460 3256 16436 0 0 0 0 0 150 |
2022 Expenses Net 3370 4460 3256 16436 0 0 0 0 0 150 |
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|---|---|---|---|---|---|---|---|---|---|---|
| Income 7074 14826 10650 1518 0 |
||||||||||
| 34,068 | 10,914 | 27,672 | 6,626 21046 18024 39071 2850 -1155 1,695 - - - - - 93 47 1,835 5000 679 649 - 63 500 500 100 100 1731 - - - 1503 5124 4018 3992 - 14207 - - 38166 40001 (930) |
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| 984 246 127 - 1251 58 - - 1969 648 5,283 |
1038 260 4 13058 - 64 3071 30 - 500 18,024 |
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| 5,283 | 18,024 | |||||||||
| (930) |
Rotary Club of Taunton Vale Trust Fund Account Balance Sheet as at 30th June 2023
| Current Assets Bank: Current Account Deposit Account Debtors and prepayments Less Current Liabilities Golf advance receipts (net) Other creditors Net Current Assets Represented by: Funds as at 1 July 2022 Plus (Deficit)/Excess of Expenditure over Income Funds as at 30 June 2023 Restricted Unrestricted |
2023 9847 18255 2475 30,577 6300 1332 7632 22,945 20,100 2845 1124 21821 22,945 |
2022 5715 18127 2782 26,623 5225 1298 6523 20,100 21,030 -930 1124 18976 20,100 |
|---|---|---|
Approved by the Trustees on 30th January 2024
M. Lock President
A. Janes Treasurer
I have examined these financial statements against the information provided to me. In my opinion they give a true and fair view of the Trust Fund's income and expenditure for the year and its financial position as at 30th June 2023
Date 9th March 2024
R. O'Donnell (Examiner)