ROTARY CLUB OF NORTHAMPTON BECKET TRUST FUND REGISTERED CHARITY NUMBER: 1027352 FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024 ROTARY CLUB OF NORTHAMPTON BECKET TRUST FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024 REGISTERED CHARITY NUMBER.. 1027352 PAGE CONTENTS Trustees, Annual Report Review of the Year Independent Examiner's Report Statement of Financial Activities Balance Sheet 7-12 Notes to the financial statements ROTARY CLUB OF NORTHAMPTON BECKET TrUST FUND REGisfERED CHARITY NUMBER: 1027352 FINANCIAL STATEMENTS FOR THE YEAR ENDED 30Th JUNE 2024 TRUSTEES. ANNUAL REPORT The Trustees present their report and financial statements of the charity for the year ended 30th June, 2024. The trustees have adopted the provisions of the Statement of Recommended Practice ISORPI "Accounting and Reporting by Charities" In preparingthe annual report and financial statements of the charity. TRUSTEES Mr. Alan Nunn Mr. Graham Goss Mr. Robert Martell Mr. Robert Shoebridge Mr. Ron Cross Mr. David Sparrow (appointed 2nd August, 2023} ACCOUNTANTS Clifford Roberts Chartered Accountants Pacioli House 9 Brookfield Duncan Close Moulton Park Northampton NN3 6WL INDEPENDENT EXAMINER Robert M. Dearin& Esq., F.C.A PRINCIPAL REGISTERED ADDRESS Overstone Park Resort Billing Lane Overstone Northampton NN6 OAS STRucfuRE GOVERNANCE AND MANAGEMENT The charity is governed by the trustees and with the supervision of Rotary International enabling the trustees to perform the objects of the trust. The recruitment, appointment, induction and training of the new trustees are conducted by existing trustees. The trustees have assessed the major risks to whlch the charlty is exposed, and in particular, those related to the operations and finances of the charity, and are satisfied that systems are in place to mitigate any exposure to these risks. OBJEcfivES AND AcfiviTIES Supporting local. regional and overseas community projects, including Kids Out, Seniorcitizen and Young Carers outings, CalvertTrust and numerous Youth projects. Sending educational, trade aid and medical supplie: overseas. Financially and actively supporting charitable causes. Fund-raising via Santa's Sleigh Street Collections, charity meal, sponsored walking and others. ROTARY CLUB OF NORTHAMVTON BECKEr TRusf FUNO REGISTERED CHARrrY NUMBER: 1027352 FINANCIAL 5fATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024 TRusfEES' ANNUAL REPORT- C NTINUED PUBLIC BENEFrr All of our actlvitles are undertaken to further our charitsble purposes for the beneflt of the public. The trustees have had regard to Charity Comrnlssion guldance on publlc benefit In sectlon four of the Charltlès 2011. The maln benefits whlch have arisen durlng the year from the or8anisation's alms and activltles are detalled In the following sectlons and In the Revlew of the year. ACHIEVEMEpif5 AND PERFORMANCE During the year, the charlty recelved Incomin8 resources to make donations totalllng £33,664 (2023: £29,261). FINANCIAL REVIEW The charlty operated and fulfilled its objectives throu8hout the year. The trustees consider that the total charlty funds amounting to £31,152 as at 30th June, 2024 (2023: £21,194) are sufflclent to SU5taln Its operatlons should Income generatlng actlvltles be curtalled unexpectedly over the forthcoming year. If the funds are not sufflclent, the trustees wlll reduce Its resources expended accordin81y, STATEMENf OF TRusfEES' RESPONSIBILITIES The trustees are responslble for preparln8 the Trustees, Aftnual Report and the financlal statements In accordance with applicable law and Unlted Klngdom Accountlng Stsndards {Unlt¢d Klngdom Generally Accepted Accountlng Practlce). The law appllcable to charltles In England and Wales requires the trustees to prepare financlal ststements for each financial vear whlch glve a true and falr view of the stste of the affalrs of the charlty and of the Incoming resources and appltcatlon of resources of the charlty for that period. In preparin8 these flnantlal ststements. the trustees are required to: select sultable accounting policles and apply them con51stentty,' observe the method5 and princlples In the ChaTltles SORP 2019 (FRS 102): make Judgements and estlmates that are reasonable and prudent. state whether opplicable accountin8 Standards have been followed: prepare the flnanclal statements on the golng concern basls unless It Is Inapproprlate to presume that the charlty wlll continue In operatlon. The trustee5 are responslble for keeplng proper a￿ountEn8 records that dlsclose wlth reasoftable aCcu￿eY at any time the flnancSal posltlon of the charlty and enable them to ensure that the financlal ststements comply wlth the Charltles Act 201L the Charltles (Aecounts and Reports) Re8uI?tloDs 2￿8 and the provlslons of the trust deed. They are a150 responslble for safeguardln8 the assets of the eharlty and hence for tskln8 re450n4ble steps for the preventloft and detectlon of fraud and other Irre8ularltles. Thls report was approved by the trustees on Ilth December, 2024, Slgned Davld For Ind row behalf of the TfUStee$ ROTARY CLUB OF NORTHAMPTON BECKET REGISTERED CHARITY NUMBER: 1027352 FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 TH JUNE 2024 RÈvlew of the ar My year as Presldent was fortunate as It was the flrstfully normal year slnce 201912020. l and my commlttees set very ambltlous targets for thls year, as in addltlon to our support for OLJr normal charltles, we commltted ourselves to a four-year plan, for a range of proJects, for Chltlpl School in MalawS. Specifically for thls project, we recelved a very generous donatlon of £3.000 from the Abln8ton Avenu@ Reform Church. Thls was supported with number of other donatlons and a Successful Dlstrlct Grant of £2,000. We also Instlgated 2 new fund-raislng events, the Inaugural Becket Derby& In July 2023 whlch ralsed almost £6,000 and a Jazz Nlght In March thls year raislng over £2,000. In addltlon, the Internatlonal Commlttee, worklng very hard. establlshed a number of relatlonshlps with other Rotary aubs who pledged 5UPPOrt for thls proSect. In the last few weeks, the flrst phase has been completed. All of our normal fundralslng events have or were held In¢ludlng the Santa Slelgh, Santa Fun Run, Qulz Nlght, Kartln& Jokers Breakfast, and our Annual Golf Day. These were well 5UPPOrted and exceeded expectatlons. The Christmas schedule was partl¢ularly demandlng. The Santa Slelgh bookings Increased In the year. In addition to normal schedules. we had a number of communlty events Includlng the Santa Carol Serllce, St Crispins Retirement Village and Duston School. The demand on Club members was high butthe challenge was met. Followlng a breakfast presentation, the Club agreed to purchase and deliver an Ambulance to support the war in UkTalne. We ￿ceiVed conslderable 5UPPOrt from Toweester Rotsry Club. The Ambulance was purchased. stocked wlth medical equipmentand winter clothing. It was flnally dellvered just after the year end, In person by Terry Atkinson and David Smith. We enteréd four taarns in the Treekly Challenge, a walking event held throughout March. to plant 8LNJ trees. There wa5 conslderable in.house competltlon between the four teams with the result that colle¢tlvely we recorded over 2 mllllon steps, easlly reachlng our target. Several of our members faced some serious health Issues in the last year. All dealt wlth these challenges and have contlnued to play thelr part in our Rotary Club. It Is with sadness however that shortly after the year end, we lostAlan Panton followlng a long-term Illness. Breakfasts have been very well attended. We have Inau8urated several new member5. Thls has had the effect of Increasing the percentage of female members and 8reatly reduclng the average age of our membershlp. These newcomers have contrlbuted rn05t enthuslastlcally. Jackle Barnaby has already agreed to become Pfesldent In 2026 and Louise Graham, to Chalr our Fund-Ra151n8 Cornmlttee yaar. l am very pleased that we have a successlon plan In place for at least the next 3 years. Slgned: Martln Thornton Presldent the Ratary Club of Northampton Becket 2023124 D•te: Ilth December, 2024 INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF THE ROTARY CLUB OF NORTHAMPTON BECKEfTRUST FUND REGISTERED CHARITY NUMBER: 1027352 IN RESPEcf OF THE YEAR ENDED 30TH JUNE 2024 I report to the charity trustees on my examination of the accounts of the charity for the year ended 30th June, 2024 which are set out on pages 5 to 12. Re5ponslbilities and basis of report As the charity's trustee5 you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111"the Act l. I report in respect of my examination of the charity's accounts carried out under section 145 ofthe Act and in carrying out my examination I have followed all the applicable Direction5 given by the Charity Commission under section 14515llbl of the Act, Independent examlner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept In respect of the charity as required by section 130 of the Act,. or the accounts do not accord with those records- or the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charitie5 IAccounts and Reports) Regulations 2CQ8 other than any requirement that the accounts give a "true and fairview which is not a matter considered as part of an independent examination. I have no concern5 and have come acros5 no other matters In connection with the examination to which attention should be drawn In this report in order to enable a proper understanding of the accounts to be reached. Robert M. Dearlngl F.C,A. Chartered Accountant Pacioll House 9 Brookfield Duncan Close Moulton Park Northampton NN3 6WL Date: Ilth December, 2024 ROTARY CLUB OF NORTHAMPTON BECKEr TRUST FUND REGISTERED CHARITY NUMBER: 1027352 STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 30TH JUNE 2024 Restricted Funds 2024 Unrestrlrted Funds 2024 Total Fund5 2024 Total Funds 2023 Note Incoming resources Incoming resources from generated funds Income from donations and grants Fundraisin8 events Investment income Other incoming resources (Gift Aid} 11.426 12,691 2,545 26,843 544 2,899 13,971 39,534 544 4,058 9,517 26.787 127 4.134 5a 5b 1,159 Total incoming resources 25,276 £ 32,831 58,107 40,565 Resources expended Cost of generating funds Fundraising events 3,245 9,090 12,335 9,401 Charitable expenditure Governance costs 19,917 13,747 2,150 33,664 2,150 29,261 2,017 Total resources expended 23,162 24.987 £ 48.149 40,679 Net incomingl(outgoin8) resources before transfers 2,114 7,844 9.958 11141 Transfers Gross transfers between funds 4.750 14,750) Net movement in funds 6,864 3,094 £ 9,958 11141 Reconciliatlon of funds Fund balances brought forward at 1st July. Z023 14,951 6,243 21,194 21.308 Fund balances carrled forward at 30th June, 2024 21,815 9,337 £ 31,152 21,194 The notes on pa8e5 7 to 12 form part ofthese flnancial statements ROTARY CLUB OF NORTHAMPTON BECKEr TRUST FUND REGISTERED CHARITY NUMBER: 1027352 BALANCE SHEEfAT THE OTH JUNE 2024 Restrlcted Funds 2024 Unrestrlrted Funds 2024 Total Funds 2024 Total Funds 2023 Note Current assets Prepayments Glft Ald Cash at bank and In hand 7.505 697 2,143 7,505 697 23,958 804 795 21,815 21.128 21.815 10,345 32,160 22,727 ilabllltles Credltors: Amounts falling due wlthln one year Accruals 11,0081 11,008) (1.533) Net assets 21,815 E 9,337 £ 31,152 21,194 The funds of the charlty Unrestricted Income funds Restricted income funds 9,337 9,337 21,815 6,243 14.951 21.815 Total charlty funds 21,815 £ 9,337 £ 31.152 21,194 These flnanclal statements were approved by the trustees on Ilth December, 2024 and slgned on Its behalf by".- Martin Thornton , ITrustee Oavld Sparrow (Trusteel The notes on pages 7 to 12 forrn part of these flnanclal ststeTh*nts ROTARY CLUB OF NORTHAMPTON BECKEr TRUST FUND REGISTERED CHARITY NUMBER: 1027352 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024 ACCOUNTING POLICIES Basls of preparation Rotary Club of Northampton Becket is a charitable trust in England, The address of the registered office is given in the charity information on page l of these financial statements. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The nature of the charity's operations and principal activities are supporting local, regional and overseas community projects. Sending educational, trade aid and medical supplies overseas. Financially and actively supporting charitable causes and fund raising. The charity constitute5 a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021, the Charities Act 2011 and UK Generally Accepted Accounting Practice. The financial statements have been prepared to give a 'true and fairf view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view. This departure has Involved following the 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 issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from l April 2005 which has since been withdrawn. The accounts are prepared on a going concern basis under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The accounts are prepared in Sterling {£) and cover the period to 30th June each year. The significant accounting policies applied in the preparation of these accounts are set out below. These policies have been consistently applied to all years presented unless otherwise stated. Incoming resources All incoming resources are recogni5ed once the charity has entitlement to the resources, it is certain that the resources will be received and the monetary value of incoming resources can be measured with sufficient reliability. Gifts in kind are recognised once the charity has entitlement to the gift. The carrying value is obtained by uslng a market value at the date of the transfer. ROTARY CLUB OF NORTHAMPTON BECKET TRUST FUND REGISTERED CHARITY NUMBER: 1027352 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024 ACCOUNTING POLICIES. CONTINUED Resources expended Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Included within Charitable activities are donations made to third party charities in the furtherance of the charitable objects of the trust. Irrecoverable VAT Irrecoverable VAT is charged against the category of resources expended for which it was incurred. Cost of generatlnE funds The costs of generating funds consist of expenditure directly linked to putting on fund-raising event5. Costs such as hall hire, printing and speakers have all been included in this f igure. Governance costs Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include Costs such as the independent revlew and legal fee5. Taxation The charity is exempt from tax on its charitable activities. Debtors recelvable and creditors payable wlthin one year Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arlsing from impairment are recognlsed in resources Restricted funds Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Fund accountlng Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. TRUSTEES. REMUNERATION AND REIMBURSED EXPENSES The trustees were not entitled to, and received no remuneration from the charity during the year. There were no reimbursed expenses for the year {2023: £nill. ROTARY CLUB OF NORTHAMPTON BECKET TRUST FUND REGISTERED CHARITY NUMBER: 1027352 NOTES TO THE FINANCIAL STATEMENT5 FOR THE YEAR ENDED 30TH JUNE 2024 INCOME FROM DONATIONSAND GRANTS 2024 2023 Donations Grants 11,971 2,000 5,767 3,750 13,971 £ 9,517 FUND RAISING EVENTS AND COSTS Income (exc gift aid) Expense Total 2024 Activity Corporate Golf Dav Quiz Evening I Karting Joker5' Breakfast Santa Slelgh Christmas Greetings Other Activities Young Carers Derby Day Jazz Night Cynthia Spencer Share Golf Day 24 5,358 1,513 3,300 1,870 9,558 915 450 5,240 7,527 3,613 190 12,7881 11,013 12,200} {662} (862} 1241 (4001 11,1411 11,7571 11,4881 2,570 500 1,100 1,208 8,696 891 50 4,099 5,770 2,125 190 39,534 £ 112,335) £ 27,199 Income {exc glft aid} Expense Totsl 2023 Actlvity Corporate Golf Day Karting Santa Fun Run Jokers BreakFast Santa'5 Sleigh Christmas Greeting Quiz Night P Simpson Memorial Walk Young Carers 8.730 2,400 950 1,533 7,747 760 1,423 1.966 1,278 15.7221 11.6(KJl 3,008 800 950 982 7.527 742 614 1,764 999 (551) (220) 118) (809) (202} 12791 26,787 £ 19,4011 £ 17,386 io ROTARY CLUB OF NORTHAMPTON BECKEr TRUST FUND REGISTERED CHARITY NUMBER: 1027352 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024 INVESTMENT INCOME 2024 2023 Gross interest received 544 127 Gift aid income 4,058 4,134 ANALYSIS OF CHARITABLE EXPENDITURE The charity undertakes its charitable activities through grants and donations to a number of individuals and institutions. Charitable donations in respect of the year ended 30th June, 2024 were: 2024 2023 International Community and Youth General Environmental 18,3S5 14,712 490 107 6,438 20,362 1,775 686 33,664 29,261 ANALYSIS OF GOVERNANCE COSTS 2024 2023 Accountancy fees Barn rates Stationery RFUK web fees 675 I,ioi 324 50 659 956 307 95 2,150 2,017 li ROTARY CLUB OF NORTHAMPTON BECKET TRUST FUND REGISTERED CHARITY NUMBER: 1027352 NOTES TO THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024 ANALYSIS OF CHARITABLE FUNDS Transfer Itol/from Incomlng Resources unrestricted Balance resources expended fund clfwd 2024 Fund type Balance b/fwd Cla55room box Malawi 5olarald ECO tollets Chitipi projert Young Carers Princes Trust Food Banks Northampton The Lowdon Additional Agrisan Toilet at Chitipi Agrisan Re-education programme Ukraine Arnbulance Cynthina Spencer Share Golf Day 24 Other 311ocated at Council, not paid out yet Donation5 from members inc Gift Aid End Polio Now Walk 2,000 1,050 1,750 7,863 500 400 888 sc 410 12.4101 11,0501 11,7501 19,1771 bl dl 12,391 15,077 500 fl 14001 18881 h) 500 1,000 1,000 2,875 1.361 11,0001 11,0001 Ji kl 2.875 1.361 750 752 750 2,756 238 12,0041 12381 Restrlcted fund total 14,951 22,031 119,9171 4,750 21.815 Unrestrlrted fund total 6,243 18,451 110.6071 14,750) 9,337 Totsl funds 21,194 40,482 130.5241 31,152 FINANCIAL INSTRUMENTS The carrying amounts of the charity's flnancial instruments are as follows.. 2024 2023 Financlal assets Measured at undiscounted cost Other assets Cash at bank 8,202 23,958 1,599 21,128 32,160 22,727 FiDantial Ilabilities Measured at undiscounted cost Accruals 1,008 1,533 The income, expenses, net gain5 and losses attrlbutable to the charity's financlal instruments are disclosed in note 5 and all relate to financial assets measured at the undiscounted amount. 12 ROTARY CLUB OF NORTHAMPTON BECKET TRUST FUND REGISTERED CHARITY NUMBER: 1027352 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024 10 RELATED PARTIES During the year, the Rotary Club of Northampton Becket Club Fund made donations net of gift aid of £2,230 {2023: £2,218) to the Trust Fund. The Club Fund is regarded a5 a related party due to its close alignment with the Trust Fund even though it's management committee is independent of the charity trustee5.