## **ROTARY CLUB OF LAUNCESTON TRUST FUND** ## **Report of the Trustees: For the year ended 30[th] June 2022** The Trustees present their report and financial statements of the Trust Fund for the year ended 30[th] June 2022. The Trustees have adopted the recommendations of the Charity Commission for the preparation of reports for small non-company charities (SORP 2005) ## **REFERENCE AND ADMINISTRATION DETAILS** ## **Registered Charity Number:** 1032358 Trust Fund’s principal address: c/o Wrenlea, Tavistock Road, Launceston. Cornwall PL15 9LE. Trustees: Thomas John Barnes Whole Year Alan Raymond Maizels Whole Year Peter Damian Hague Whole Year Gary Patrick Cook Appointed 07/06/2021 ## **Independent Examiners** N Kinvig M. Hobbs ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** **Governing document:** Trust Deed dated 2[nd] December 1993 **Constitution** : Association comprising the members of the Rotary Club of Launceston. **Trustee Selection** Trustees are normally appointed or re-appointed annually at the AGM held in April. ## **Risk Management** The Trustees identify and review the risks to which the Charity is exposed and ensure that appropriate controls are in place to provide reasonable assurance against fraud or error and for the maintenance of public safety. ## **OBJECTIVES AND ACTIVITIES** ## **Objects of the Trust Fund** To support Rotary official charities. To react quickly and collect monies for relief funds for international disasters. To collect monies and help local communities, groups and individual people. ## **Main activities** 1. Operation of a Community Charity Shop to provide funds for supporting local charities and organisations. 2. Organisation of public events and collections to provide support to national and international organisations, charities and projects, both Rotary and non-Rotary. ## **ACHIEVEMENTS** 1. During the year the Trust Fund distributed £25,156 from its shop account to some 46 local communities, groups and charities. 2. In addition, it distributed £5,382 from its Charity Account to national and international charities and organisations. ## **FINANCIAL REVIEW** ## **Reserves Policy:** The sum of £5,000 is held in reserve to provide donations for national or international disaster appeals. ## **Sources of funds:** The Community Charity Shop provides funds for distribution locally and is run by unpaid volunteers, keeping the operating costs to a minimum level. In addition, members of the Rotary club organise events and collections to fund grants outside the local area. ## **DECLARATION:** The current Trustees declare that they have approved the Trustee’s report above: Peter Hague (Trustee and Treasurer) Gary Cook (Trustee and President) John Barnes (Trustee) Alan Maizels (Trustee and Secretary) Date 13/3/2023 **ROTARY CLUB OF LAUNCESTON TRUST FUND Reg. No. 1032358** |**ROTARY CLUB OF LAUNCESTON TRUST FUND Reg. No. 1032358**|**ROTARY CLUB OF LAUNCESTON TRUST FUND Reg. No. 1032358**|**ROTARY CLUB OF LAUNCESTON TRUST FUND Reg. No. 1032358**|**ROTARY CLUB OF LAUNCESTON TRUST FUND Reg. No. 1032358**| |---|---|---|---| |**RECEIPTS AND PAYMENTS FOR THE YEAR ENDING 30 JUNE 2022**|||| ||||| |**CHARITY ACCOUNT**|||| |Balance at 30-Jun-2021||£1,925.72|| |**Receipts**|||| |Collections|£114.17||| |Boxes|£125.00||| |Donations - Polio Plus|£55.00||| |Donations - misc.|£263.82||| |Ukrainian Appeal|£3,633.58||| |Gift Aid tax refunds|£649.04||| |Misc.|£250.00||| |Transfer from Shop|£1,820.42||| |Sub-total||£6,911.03|| |**Payments**|||| |Charitable grants|£4,131.58||| |RFUK re Polio Plus|£1,250.00||| |Sub-total||£5,381.58|| |**Balance at 30-Jun-2022**||**£3,455.17**|| ||||| |**SHOP ACCOUNT**|||| |Balance at 30-Jun-2021||£18,311.71|| |**Receipts**|||| |Shop gross income|£39,652.24||| |Sub-total||£39,652.24|| |**Payments**|||| |Charitable grants|£25,156.23||| |Rent|£8,400.00||| |Transfers to other accounts|£2,010.42||| |Operating costs|£4,986.86||| |Sub-total||£40,553.51|| |**Balance at 30-Jun-2022**||**£17,410.44**|| ||||| |**TRUST FUND SUMMARY**|||| |**Balance at 1-Jul-2021**||**£20,237.43**|| |Receipts||£46,563.27|| |Payments||£45,935.09|| |**Balance at 30-Jun-2022**||**£20,865.61**|| |N K Kinvig
Date 5/12/2022|||| ## **Independent Examiners’ Report to the Trustees of The Rotary Club of Launceston Trust Fund** We report on the Receipts and Payments Accounts of The Rotary Club of Launceston Trust Fund for the year ended 30 June 2022, which are set out on the following page. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). We report in respect of our examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out our examination we have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner’s statement** We have completed our examination. We confirm that no material matters have come to our attention in connection with the examination giving us cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records. We have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper under-standing of the accounts to be reached. …………………………………………. ……………………………………….. N K Kinvig M Hobbs Date 5/12/2022 Date 6/2/2023