# **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: 

- a) The Rotary Club of Taunton Vale (‘the Club’) 

- b) Rotary International in Great Britain & Ireland 

- 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**<br>Golf Day<br>Moonraker (incl. gift aid)<br>Jane Taylor evening<br>Quiz evening<br>Canal challenge<br>**Other Income**<br>Members' Donations for RFUK<br>Gift Aid on RFUK Donations<br>Interest<br>Fundraising/members donations for Ukraine (incl. gift aid<br>Fundraising/donations for Turkey/Syria earthquake<br>Hinton Skittle Comp<br>Members donations (incl. gift aid)<br>Inner Wheel donation for RFUK Polio Fund<br>Face of Somerset donation<br>District grant<br>**Total Income**<br>**Expenditure**<br>Kids Out<br>Less grant from Kids Out UK<br>Net Kids Out<br>Children's Concert<br>Children's disco<br>Technology Tournament (net of £600 sponsorship)<br>Residential Homes Entertainment<br>Purple Crocus Scheme (net cost)<br>Website costs<br>Bank and fundraising platform charges<br>**Donations**<br>TEDT<br>RFUK Polio Fund<br>RFUK Annual Fund<br>RFUK Global Fund<br>TOG<br>Shelter Box<br>Brain Tumour Research<br>Papyrus (ref. Quantock Brewery)<br>TV Innr Wheel Shoe Box Scheme<br>Riuru Kenya Project<br>DEC Afghanistan<br>Pakistan earthquake relief<br>Turkey/Syria earthquake relief<br>Peru medical equipment project<br>Green Days<br>Nightstop<br>Young Somerset<br>Albermarle Centre<br>Rotary - Ukraine Fund<br>Ups and Downs<br>CHARIS<br>**Total Expenditure / Donations**<br>**Excess of expenditure over income**||**2023**<br>Income<br>Expenses<br>Net<br>7074<br>1471<br>5603<br>14826<br>4356<br>10470<br>10650<br>4839<br>5811<br>1518<br>248<br>1270<br>0<br>0<br>0<br> 34,068<br>10,914<br>23154<br>984<br>246<br>127<br>-<br>1251<br>58<br>-<br>-<br>1969<br>648<br> **5,283**<br>5283<br>**28437**<br>2304<br>-1170<br>1,134<br>700<br>-<br>-2<br>-<br>105<br>11<br>162<br>**2,110**<br>5050<br>615<br>615<br>4000<br>-<br>-<br>-<br>-<br>100<br>-<br>750<br>750<br>2427<br>-<br>-<br>-<br>-<br>1000<br>-<br>4000<br>4175<br>**23482**<br>**25592**<br>**2845**<br>**Income & Expenditure Account**<br>**for the year ended 30th June 2023**|**2023**<br>Income<br>Expenses<br>Net<br>7074<br>1471<br>5603<br>14826<br>4356<br>10470<br>10650<br>4839<br>5811<br>1518<br>248<br>1270<br>0<br>0<br>0<br> 34,068<br>10,914<br>23154<br>984<br>246<br>127<br>-<br>1251<br>58<br>-<br>-<br>1969<br>648<br> **5,283**<br>5283<br>**28437**<br>2304<br>-1170<br>1,134<br>700<br>-<br>-2<br>-<br>105<br>11<br>162<br>**2,110**<br>5050<br>615<br>615<br>4000<br>-<br>-<br>-<br>-<br>100<br>-<br>750<br>750<br>2427<br>-<br>-<br>-<br>-<br>1000<br>-<br>4000<br>4175<br>**23482**<br>**25592**<br>**2845**<br>**Income & Expenditure Account**<br>**for the year ended 30th June 2023**|**2023**<br>Income<br>Expenses<br>Net<br>7074<br>1471<br>5603<br>14826<br>4356<br>10470<br>10650<br>4839<br>5811<br>1518<br>248<br>1270<br>0<br>0<br>0<br> 34,068<br>10,914<br>23154<br>984<br>246<br>127<br>-<br>1251<br>58<br>-<br>-<br>1969<br>648<br> **5,283**<br>5283<br>**28437**<br>2304<br>-1170<br>1,134<br>700<br>-<br>-2<br>-<br>105<br>11<br>162<br>**2,110**<br>5050<br>615<br>615<br>4000<br>-<br>-<br>-<br>-<br>100<br>-<br>750<br>750<br>2427<br>-<br>-<br>-<br>-<br>1000<br>-<br>4000<br>4175<br>**23482**<br>**25592**<br>**2845**<br>**Income & Expenditure Account**<br>**for the year ended 30th June 2023**|**2023**<br>Income<br>Expenses<br>Net<br>7074<br>1471<br>5603<br>14826<br>4356<br>10470<br>10650<br>4839<br>5811<br>1518<br>248<br>1270<br>0<br>0<br>0<br> 34,068<br>10,914<br>23154<br>984<br>246<br>127<br>-<br>1251<br>58<br>-<br>-<br>1969<br>648<br> **5,283**<br>5283<br>**28437**<br>2304<br>-1170<br>1,134<br>700<br>-<br>-2<br>-<br>105<br>11<br>162<br>**2,110**<br>5050<br>615<br>615<br>4000<br>-<br>-<br>-<br>-<br>100<br>-<br>750<br>750<br>2427<br>-<br>-<br>-<br>-<br>1000<br>-<br>4000<br>4175<br>**23482**<br>**25592**<br>**2845**<br>**Income & Expenditure Account**<br>**for the year ended 30th June 2023**||Income<br>7830<br>19692<br>0<br>0<br>150|Income<br>7830<br>19692<br>0<br>0<br>150|**2022**<br>Expenses<br>Net<br>3370<br>4460<br>3256<br>16436<br>0<br>0<br>0<br>0<br>0<br>150|**2022**<br>Expenses<br>Net<br>3370<br>4460<br>3256<br>16436<br>0<br>0<br>0<br>0<br>0<br>150|
|---|---|---|---|---|---|---|---|---|---|---|
||||Income<br>7074<br>14826<br>10650<br>1518<br>0<br>||||||||
||||34,068||10,914||27,672||6,626<br>21046<br>18024<br>**39071**<br>2850<br>-1155<br>1,695<br>-<br>-<br>-<br>-<br>-<br>93<br>47<br>**1,835**<br>5000<br>679<br>649<br>-<br>63<br>500<br>500<br>100<br>100<br>1731<br>-<br>-<br>-<br>1503<br>5124<br>4018<br>3992<br>-<br>14207<br>-<br>-<br>**38166**<br>**40001**<br>**(930)**||
||||984<br>246<br>127<br>-<br>1251<br>58<br>-<br>-<br>1969<br>648<br> **5,283**||||1038<br>260<br>4<br>13058<br>-<br>64<br>3071<br>30<br>-<br>500<br>**18,024**||||
||||**5,283**||||**18,024**||||
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|||||||||||**(930)**|





## **Rotary Club of Taunton Vale Trust Fund Account Balance Sheet as at 30th June 2023** 

|**Current Assets**<br>Bank:<br>Current Account<br>Deposit Account<br>Debtors and prepayments<br>**Less Current Liabilities**<br>Golf advance receipts (net)<br>Other creditors<br>**Net Current Assets**<br>**Represented by:**<br>Funds as at 1 July 2022<br>Plus (Deficit)/Excess of Expenditure over Income<br>Funds as at 30 June 2023<br>Restricted<br>Unrestricted|**2023**<br>9847<br>18255<br>2475<br>30,577<br>6300<br>1332<br>7632<br>**22,945**<br>20,100<br>2845<br>1124<br>21821<br>**22,945**|**2022**<br>5715<br>18127<br>2782<br>26,623<br>5225<br>1298<br>6523<br>**20,100**<br>21,030<br>-930<br>1124<br>18976<br>**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)