2022-06-30-accounts - Rotary Club Of Bromley Service And Charity Trust Fund

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The Rotary Club of Bromley Service and Charity Trust Fund Report and Financial Statements Year ended 30 June 2022

Registered Charity number 1018830

The Rotary Club of Bromley Service and Charity Trust Fund Report and Financial Statements - contents Year Ended 30 June 2022

Page

1-2 Trustees Report
3 Independent Examiner's Report
4 Statement of Financial Activities
5 Balance Sheet
6-9 Notes to the Financial Statements

Service and Charity Trust Fund

The Rotary Club of Bromley

Trustees Report Year ended 30 June 2022

The Trustees present their Report and Financial Statements of the charity for the year ended 30 June 2022.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered charity number: 1018830

Principal address:

7 Osbourne House, 10 St. Martins lane, Beckenham, BR3 3XS

Trustees: Charles Harmer Iain Cowie Victor Hope

Independent Examiner: John Cardnell

Bankers:

NatWest, 143 High Street, Bromley, BR1 1YZ

STRUCTURE, GOVERNANCE AND MANAGEMENT

The trust is an unincorporated trust, established under a trust deed dated 17 November 1992. The trustees who have served during the year and subsequently are set out above. All trustees are ex-officio, being the President, President-Elect (vacant), Secretary and Treasurer of the Rotary Club of Bromley. Incoming trustees are made aware of the governing document, administrative procedures and the nature of the trust generally, and are given a copy of the Charity Commission's booklet on the duties and responsibilities of trustees. Risk management is dealt with by keeping under review the risks to which the trust may be exposed, and taking steps to mitigate those risks.

OBJECTIVES AND ACTIVITIES

The trustees confirm that they have given careful consideration to the Charity Commission's general guidance on public benefit when reviewing objectives and planning activities. The objects of the trust are the relief of the poor and needy or to or for such other charitable purposes as the Rotary Club of Bromley shall from time to time direct.

Service and Charity Trust Fund Trustees Report (continued) Year ended 30 June 2022

The Rotary Club of Bromley

FINANCIAL REVIEW

The reserves policy of the trustees is to maintain the general funds at a level sufficient to cover initial costs of fund raising activities, plus a working balance in hand.

It is the intention to maintain the reserves at about £10,000, which is considered to be adequate. As can be seen from the Statement of Financial Activities,

total gross Income for the year increased by £22,628, to £27,929.

Outgoings of £22,100 were £12,901 greater than the previous year,

and so the surplus of income over expenditure of £5,829 increased the general funds to £18,297.

STATEMENT OF TRUSTEES RESPONSIBILITIES FOR THE FINANCIAL STATEMENTS

The trustees are responsible for preparing the annual report and financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the trustees are required to:

select suitable accounting policies and then apply them consistently;
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed, and explained in the financial statements;
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 proper accounting records which disclose with reasonable accuracy the financial position of the charity and which enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

ON BEHALF OF THE TRUSTEES

Victor Hope Dated:

The Rotary Club of Bromley

Service and Charity Trust Fund Independent Examiner's Report to the Trustees Year ended 30 June 2022

I report on the accounts of the Charity for the year ended 30 June 2022, which are attached.

Respective responsibilities of Trustees and Examiner

As the charity's trustees you are responsible for the preparation of the accounts; you consider that the audit requirement of Section 144(2) of the Charities Act 2011 (the Act) does not apply. It is my responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under Section 145(5)(b) of the Act, whether particular matters have come to my attention.

Basis of Independent Examiner's Report

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. 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 seeking explanations from you as 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 in the accounts.

Independent Examiner's Statement

In connection with my examination, no matter has come to my attention

(a) which gives me reasonable cause to believe that in any material respect the requirements:
to keep accounting records in accordance with Section 130 of the Act; and
to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act

have not been met; or

(b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

John Cardnell Berringers LLP Chartered Accountants Lygon House 50 London Road Bromley BR1 3RA

Dated:

The Rotary Club of Bromley Service and Charity Trust Fund Statement of Financial Activities Year ended 30 June 2022

Restricted Unrestricted Funds Funds £ £ 15 3,156 22,025 2,733	Restricted Unrestricted Funds Funds £ £ 15 3,156 22,025 2,733	Total 2021-22 £ 15 25,181 2,733	Total 2020-21 £ 28 4,574 699
3,156	24,773	27,929	5,301
660 1,675 16,609 2,429 727		660 18,284 3,156	255 7,040 1,904
4,104	17,996	22,100	9,199
		5,829	-3,898
		5,829 12,468	-3,898 16,366
		18,297	12,468
		18,297 0	11,968 500

The Rotary Club of Bromley

Service and Charity Trust Fund

Balance Sheet 30 June 2022

Notes FIXED ASSETS Leasehold garage/store at cost INVESTMENTS Cash on deposit CURRENT ASSETS Cash at Bank Debtors 6 CURRENT LIABILITIES Creditors - amounts due within one year Net Current Assets TOTAL NET ASSETS UNRESTRICTED FUND General Funds RESTRICTED FUNDS 7 DESIGNATED FUND Dementia Fund 8 Property Fund	2021-22 £ 6,058 7,661 13,719 7,903 2,733 10,636 0 10,636 £ 24,355 18,297 0 0 6,058 £ 24,355	2021-22 £ 6,058 7,661	2020-21 £ 6,058 7,645 13,703 4,823 0 4,823 0 4,823 £ 18,526 11,968 0 500 6,058	2020-21 £ 6,058 7,645 13,703 4,823 0 4,823 0 4,823 £ 18,526 11,968 0 500 6,058
		18,297 0 0 6,058		11,968 0 500 6,058
			£ 18,526

The Financial Statements were approved on

and signed by:

Charles Harmer

Iain Cowie

Victor Hope

) ) ) ) ) Trustees

) ) ) )

The Rotary Club of Bromley Service and Charity Trust Fund Notes to the Financial Statements Year ended 30 June 2022

1 ACCOUNTING POLICIES

Basis of preparing financial statements

The financial statements of the charity, which is a public benefit entity under FRS102, have been prepared in accordance with the Charities SORP (FRS102) 'Accounting and Reporting by Charities; Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable on the UK and Republic of Ireland (FRS102) (effective 1 January 2015)' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

Incoming resources: all income is included in the SOFA when the charity becomes entitled to it and the amount can be quantified with reasonable accuracy.

Investment Income

Investment income is recognised when received.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure and can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to that category.

Tangible fixed assets

The leasehold property is maintained in a state of repair such that its estimated residual value is not less than its cost. No annual charge for depreciation is made on the building.

Taxation

The charity is exempt from tax on its charitable activities.

Fund and reserves

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions apply when specified by the donor or when funds are raised for particular restricted purposes.

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Designated funds

Property fund; this fund represents the cost of the charity's leasehold garage property Dementia Fund: The £500 originally designated for Dementia has now been transferred back to the unrestricted fund.

The Rotary Club of Bromley Service and Charity Trust Fund Notes to the Financial Statements Year ended 30 June 2022

Restricted Unrestricted Funds Funds £ £ 18,268 300 100 250 200 50 200 5 730 752 1,231 1,505 111 82 95 250 95 948 9	Total 2021-22 £ 18,268 300 100 250 200 50 200 5 730 752 1,231 1,505 111 82 95 345 948 9	Total 2020-21 £ 955 1,750 100 260 5 210 500 160 585 49
3,156 22,025	25,181	4,574
ES 660	660	255
660	660	255

The Rotary Club of Bromley Service and Charity Trust Fund Notes to the Financial Statements Year ended 30 June 2022

4 CHARITABLE EXPENDITURE - DONATIONS Life Education Trust Bromley & Sheppard's Colleges MND SVP CASPA Maypole Scouts St Christopher's Demelza RNLI Macular Society BYMT Mayor of Bromley's charity RNLI SVP (Food Bank) SVP (Christmas Hampers) Freedom from Torture Salvation Army (Victim Care Fund) RC Sutton Nonsuch (Speaker) Brooke Charity (Speaker) Shelterboxes Michael Project Footsteps International Ukraine SightSavers WaterAid Sidcup RC (Rwanda project) IRFF RC Lindum Lincoln (Kenya project)	Restricted Unrestricted Funds Funds £ £ 2,000 100 1,000 1,500 750 1,500 1,500 1,500 730 990 750 100 100 590 1,000 752 1,000 111 1,979 250 82 0	Total 2021-22 £ 2,000 100 1,000 1,500 750 1,500 1,500 1,500 1,720 750 100 100 590 1,000 1,752 2,090 250 82	Total 2020-21 £ 1,000 200 100 350 500 250 200 50 50 590 1,000 1,000 1,000 250 500
	1,675 16,609	18,284	7,040

The Rotary Club of Bromley Service and Charity Trust Fund Notes to the Financial Statements Year ended 30 June 2022

Restricted Unrestricted Funds Funds £ £ 948 52 250 0 1,231 0 500 175	Total 2021-22 £ 1,000 250 1,231 500 175	Total 2020-21 £ 1,000 200 690 14
2,429 727	3,156	1,904
£ Incoming Resources resources expended 730 730 752 752 111 111 82 82 1,231 1,231 200 250 731 948	2,733 0
	2,733 0
	Inter-funds Balance transfers 30 June 2022
931 1,198

Restricted funds are those which are to be used for the purposes requested by donors, or fund raising activities for a specific purpose.

8 DESIGNATED FUNDS

The £500 originally designated for Dementia has now been transferred back to the unrestricted fund.

9 TRUSTEES' REMUNERATION AND BENEFITS.

There were no trustees' remuneration, benefits or expenses paid for the year ended 30 June 2022 nor for the year ended 30 June 2021.

10 COMMITMENTS

None

11 RELATED PARTY DISCLOSURES

There were no related party transaction for the year ended 30 June 2022