Charlties Registered Number: 1024553
Rotary District 1060
Charitable Trust Fund
Financial Statements
For the year ended 30 June 2024

Contents
Page
Annual report
Annual report continued
Annual report continued
Annual report continued
Accountsnts. Review
IncA)me & Expendlture
Balance Sheet
Notes to the Financlal Statements
Value of Investments

Rotary Dlstrlct 1060 Charitable Trust Fund (Registered Number 1024553)
Annual Report for the year ended 30 June 2024
History and purpose of the Trust
The declaration of Trust was dated 11th July 1988. The Trust Deed directs that funds will be distributed by
the Trustees for the relief of the poor and needy or to or for such other charitable and educational
purpose, institution, society or obj8Ct as Rotary Intemational District 1060 (District 1060) shall in duly
conslltuted meeting from time to time direcL
Children's Holiday Fund
The initial fund was created in 1993194, following an appeal by the then District Governor, Alan Cox, to
Clubs in District 1060, for the provision of holidays for the underprivileged young people under 18 years of
age {the 'Children's Holiday Fund.). The appeal rais8d in excess of £30,000 and is invested on a long-
term basis and its income is a source of support for the children's holidays.
Recognising the level of surplus funds held in District 1060 it was agreed that there be a temporary
suspension of grants by Children's Holiday fund allowing the reserves within Children's Holiday fund to
increase until such time as funds were requlred again by Distrlct 1060. This suspension of grant ceased
during the Rotary Year 2022123, with dubs being invited to apply for funds to support childrens holidays
b8ing directly sponsored by them.
Grants are only made to projects which incorporate an element requiring participants to be away from
home for at least one night, with children being detemiined as under 18 years of age at the time of the
holiday.
District Trust Fund
Following a resolution of the Council of District 1060 ('District Council,) and a ￿rreSpOnding resolution of
the Trustees, with effect from 1st July 2001, the Trustees received all other charitable funds held by
District 1060 as at 30th June 2001 (the 'District 1060 fund,). Th8 District 1060 Fund, principally held on
short- term deposits, is to be distributed by the Trustees in accordan￿ with the instructions of District
Council and the Deed of Trust.
Th8 Trustees also directed that, with effect from 1st July 2001, the Children's Holiday Fund and the
District 1060 Fund should be maintained and r8POrted on as separately identifiable funds.
The Trustees and Secretary
All of the trustees are unpaid volunteers, appointed or removpd hy FJigtrir.t 1nfio L8jx nffirors nf District
1060 are ex officio Trustees, namely District Gov&rnor. Immediate Past District Governor, District
Governor Elect, District Governor Nominee, Distri￿ Treasurer and Community servi￿ Chair. The three
remaining Trustees are elected by and voted for by Clubs, ratified at the September District Council on the
basis thal each will retire at the conclusion of a three year term. These elections are timed to coincide on
the date of the first meeting of the District Council in a Rotary Year (the 'Year' starts on 1st July and
rinishes on 30th June in the next year).
New Trustees are also appointed at the meeting and assume office on Ihe day following. Retiring
Trustees are entitled to seek re-election.

Rotary District 1060 Charitable Trust Fund (Registerèd Number 1024553)
Annual Report for the year ended 30 June 2024
Trustees and Secretary - contlnued
During the period the Rotarian Trustees were and are as follows:_
Elected Trustees
John Brown
Peter Roberts
Timothy Bushell
Ex Officio Trustees
Amal Rampal
John Parkinson
Denzil Williams
Jonathan Wilding
Anthony Joint
William Elliott
District Govemor
Immediate Past District Govemor
District Govemor EleGt
District Governor Nominee
Finance oificer l (Treasurer)
Ch8ir of Community Service
John Scott
Secretary
The o)TJce as Chairof Gommunily Sernce is ￿]rImI¢d at the beglnning ollhe Rofary Year
The Secr818ry of DistriGI 1060 8CtS 8s se¢￿tary to th8 fruslees
Organisation and Meetings during the period
The trust88s act in a manner to ensure that a clear distinctlon between the two Separately identifiable
sections is maintained. The trustees hava mèt as required to discharge their duties.
Review of progress and achievements during the period
The Trustees have referred to the guidance contained in the Charity Commissionels g8n8ral guidance on
public benefit when reviewing the charitabla aims and objectives and in planning fLrture activities. In
particular, the Trustees have considered how planned activities will contribute to aims and objectives set.
The District 1060 Fund
Foundation
The annual contribution paid by Clubs to District for Foundation ceased in 2023124
Community and Vocational Service
Support has been given during the period to 'KIDS OUT" Special Needs Football, Special
Needs Crtcket, District Childrens Holidays, Christmas Toy Box Appeal and Burnaid.
continued...

Rotary District 1060 Charitable Trust Fund (Registered Number 1024553)
Annual Report for the year ended 30 June 2024
The District 1060 Fund - continued
Ukranlan Appeal
Appe81s for Ukrain8 were suspended by RIBI during 2023124
Dlstrlct Governors Charltles
The District Governors nominated charity for 2023124 was Rotary Foundation A total of £2.000
was donated by Club5 to support this charity. This money has been paid to Rotary Foundation.
Revlew of Financial Activities and Affairs durlng the period
Dlstrict 1060s Children's Hollday lund
Income in th@ period 2023124 which arises from investments has b88n £1,845.
Management charge5 amounted to £649.
The value of the invested funds. due to the impact of world markets following Covid, along with ongoing
world events has fluctuated considerably over the year.
The market value at 30th June 2024 was £76,954, an increase of £8,624 over the previous year.
The District Fund
During this, the twenty third year of the Trusteeship, the totsl income for 2023124 was £27,769.
Details of the above values and figures are contsined in the Financial Statements on pages 6 to 9.
Accountlng Policies
Basis of preparation
The statements have been prepar8d in accordance with Ac￿unting and Reporting by Charities;
Statement of Recommended Practic8 applicable to charities preparing their accounts in accordan￿ with
Stalments of Recommended Practice for Charities (SORP: FRS 102) and the Charities act 2011 and
applicable regulations.
Restricted Funds
These represent grants and donation, whlch are subject to restrictlons on their expenditure imposed by
the donor or through the te￿nS of an appeal. The purpose of the restricted funds is to 8nsure that monies
received under the headings Children's holiday, Foundation, Community and Vocational Service, Youth
Opportunities are spent exclusively on those avenues of Rotary Service. The purpose of General
restricted funds is to ensure that monies collected for other charitable causes. outside of th8 regular
avenues of Rotary Servic8 are also spent exclusively on Ihe cause for which they were raised.

Rotary Distrlct 1060 Charitable Trust Fund (Registered Number 1024553)
Annual Report for the year ended 30 June 2024
Incoming Resources {Roc8ipts)
Incoming resources are included in the St8tement of Financial Activlties when th8 Charity is entilled to the
income and the amount can be quantified with reasonable accuracy.
Resources Expendod (Payments)
Resources expended are recognised on an accruals basis as a liabillty Is Incurred.
Investments
Investmènts are stated at market value at tha Balance Sheet date. The Statement of Financlal Activities
includes Ihe gains and losses arising on revaluations and disposals throughout the rotary year.
Reserves Policy
It is the intention of the Trust8es to distribut8 the District Funds in accordance with the wishes of District
1060, although from year to year surpluses may arise due to timing.

Rotsry District 1060 Charltable Trust Fund
Financial Statements for the year ended 30 June 2024
These Financial Statements represent those financi81 activities of Rotary District 1060 Charitsble
Trust Fund through its Committees and Officers which relate to :.
1. Administration of tha activities and guidance for Rotary Clubs in District 1060. The costs of these
services are funded by Clubs in District.
2. Provision Df an Annual Conference. The costs of this are met by those attending and a Confernce
levy charge to all Clubs in District.
The Financial Statements relate specifically to the Administrative and Conference income and
expenditure of 2023124.
Signed on behalf of the Rotary Dislrict 1060
mittee by:
Tim
y Bushell
air of the Trustees 2023124
Anthon
District Tre
int
urer 2023124
ACCOUNTANTS REVIEW
We report on the accounts for the year ended 30th June 2024 set out on pages 6 to 9. Th8 Rotary
District 1060 is responsib18 for the preparation of the accounts, and they consider that the Rotary
District 1060 is exempt from an audit. It is our responsibility to cary out procedures designed to
enable us to report our opinion
BASIS OF OPINION
Our work procedures consisted of comparing the accounts with the accounting records kept by the
Rotary District 1060. making such limited enquires of the officers of the District as we considered
necessary for the purpos8 of this report. These procedures provide the only assurance exp￿SSed in
our opinion.
OPINION
In our opinion the income and expenditure accounts and the balance sheet for the year ended 30th
June 2024 are in agreement with the txx)ks of account kept by the Rotary District 1060 and on the
basis of the information contained in the bcK)ks of account. they comply wth the necessary
ents.
BK Plus Limited
Churchfield House
36 Vicar Street
Dudley
West Midlands
DY2 8RG
21 January 2024

Rotary Distrf¢t 1060 Charflable Trust Fund
Fln•n¢lal Slatem•nts for thè ￿•r ènded 30 Jun• 2024
In¢ome & Expendliur• Aeeourt
2024
2023
R<Jt*ryFoundallon Inc<>m?
RFUK
Ger￿1 Foundafj(Jn al￿n0
4,035
4.035
(Xh8r kncom•
GhaT￿oS
2,(￿0
1.84S
7.435
12,474
500
lfjd8 OutToy Box AppBo1
FQd5 Out day
Kjds Out- Sub51dy
aumakl
UkT8iniaD Appeal
Chlknns P￿1￿aY
Special N8Éds Fiw)Ibdl
11.450
5,415
TSO
630
1￿65
2.¢JOO
1.135
5 Disthcts Trust Grant
5 Districts Tru8t- Off Gra
a4w8815
Bank Intev85t
1(rf)
27,769
27.769
31.380
CINqrltabt• Exp•ndlture
p Rolrf?
RFUK- Gen¢r¥l
RFUK- Polio Ethtlon
undali
DG Charilies IF¢xThtstKJnl- 22r23
Aptwls
2,￿0
5.035
ILKJ
A¢￿UnIng F888
Quilters Mw?gement c*8rg8S
UkTaine
Klds OLrtToy P•JxAppeal
ds Olrt day
lfjd5 Oul ￿￿8th- E￿ingb)n 2)23
Holfda>s
69S
6.100
11.700
7.435
9.450
450
1.199
1.085
Sp8UBI Ngeds CvL*el
Grdnt515 Oi8ti1cts Trust On8 Off (knnti
Disknd Hdiday Gr8nls to Club5
Bumad
B8Wday1￿VerTrip
BBnkcharges
(Gap1￿ on Inv*Em8nts
6.507
500
450
82
- 9.432
t.ODD
131
f2,257
43,001
Totsl EXpond￿re
22,257
43,001
SURPLUSIDEFICIT FOR THE YEAR
5.512
11,641
Fwd bBlarKeB
F￿d
Q￿lter5 ffThement f¢¢ year
BalBnce clA*Y on In¢xm•& ExpoTrJltwe
26.403
S,512
- 10.629
21.286
36,580
11.641
26,403

Rotary Dlstrlct 1060 Charitable Trust Fund
Financlal Statements for the year ended 30 June 2024
Balance Sheet
As at 30 June 2024
Note
2024
2023
Fixed Asset Investments
Quilters Investments
76,954
68,329
Assets
Bank- Current
Bank - t)eposit (CAFS)
Debtors and Prepayments
21,286
26,403
21,286
26,403
Total Assets
98.240
94.732
Llabllltles
Creditors, Accruals and Pre-receipts
Interfund - Due to District
NET ASSETS
98,240
94,732
Represented by
Capital Investments
Income account on Investments
Market value movement on investments
Funds
70,193
2,377
4,384
21,286
76,291
3,185
11,147
26,403
98.240
94,732

Rotary District 1060 Charltable Trust Fund
Financial Statements for the year ended 30 June 2024
Notes to the Financial Ststemonts
l Funds and Unrestricted funds breakdown:
Holiday Grant Fund
District Children's Holidays
Kids Out Day
Kids Out Day (June 22)
Burn Aid
Special Needs Foolb811
Special Needs Cricket
Ukraine (Donation)
Toy Box
DG Charity
5 Districts Trust
RFUK (General)
Unrestricted
2,993
2,163
3,760
150
500
663
257
150
300
2,000
8.350
21,286

Rotary Oistrict 1060 Charitable Trust Fund
Flnanclal Statements for the year ended 30 June 2024
Schedule of Investments held as at 30 June 2024
3Wun-24
30-Jun-23
Market
Market
Value
Value Movement
Market
Market
Value
Value Movement
Cost
Cost
Fixed Interest
21.950 22,611
Equities- UK
12.662 13,899
Equities - America
15.001 18,172
Equities - Europe (ex UK)
3.189
Equities - Global
6.391
6.191
Altemative Investments - Absolute Return 11,145 10.515
Cash and A¢cruals
2.377 2.377
661
1,237
3.171
145
200
630
37,000 28,730
8,358
8,087
9,708
9.314
2,176
2.048
4,010
3.477
15,039 13.488
3.185
3,185
8.270
271
394
128
533
1.551
72,570 76.954
4,384
79,476 68,329
11.147