ROTARY CLUB OF STURMINSTER NEWTON TRUST FUND
REPORT AND FINANCIAL STATEMENTS
Year ended 30[th] June 2022
Charity No.: 1032363
ROTARY CLUB OF STURMINSTER NEWTON TRUST FUND
| CONTENTS | Page |
|---|---|
| Legal and Administration Information | 1 |
| Report of the Trustees | 2 |
| Independent Examiner’s Report | 3 |
| Statement of Financial Activities | 4 |
| Accounting Policy | 5 |
| Expenditure Trust Fund | 6 |
| Source of Funds Trust Fund | 7 |
| Source of Funds Cheese Festival. | 8 |
| Expenditure Cheese Festival | 9 |
| Charitable Donations Cheese Festival | 10 |
ROTARY CLUB OF STURMINSTER NEWTON TRUST FUND Legal and Administration Information
Status
The organisation is a Charitable Trust Fund established by the Rotary Club of Sturminster Newton on 11[th] January 1944 and registered with the Charity Commissioners for England and Wales on 31[st] January 1994.
Trustees
Desmond O’Connor Phillip Mahoney Christopher Hardiman Alan Teasdale Peter Gauntlett
Independent Examiner
Mr J Cowley, ACA
Banks
Lloyds Bank, Blandford Forum
Page 1
ROTARY CLUB OF STURMINSTER NEWTON TRUST FUND Report of the Trustees for the year ended 30[th] June 2022
The Trustees present their report and financial statements for the year end 30[th] June 2022. Activities
The Trust was established to enable the Rotary Club of Sturminster Newton to elicit funds from the public for charitable purposes and to comply with and take advantage of current legislation.
Results
The net incoming resources for the year amounted to £765, and £12,154 has been used on restricted projects resulting in a decrease of £11,389 to the general reserves which now stand at £117,008. In addition to the traditional range of fund raising activities the Trust was also involved in:
Sturminster Newton Cheese Festival
The Trust is the lead organisation running this annual Festival, which promotes local produce by educating those attending in a range of areas of interest.
Strategy
The Trust seeks to raise funds to support local, national and international needs on a pro-active and reactive basis.
Reserves Policy
Funds are held to meet the existing plans and commitments of the Trust and also to be in a position to respond to unexpected demands as they arise over the forthcoming year.
Investment Policy
Funds are invested in interest bearing accounts to provide the optimum balance between accessibility and return, without any compromise regarding security.
Risk Review
The Trustees have conducted their own review of the major risks to which the Charity is exposed and systems have been established to mitigate those risks. These procedures are periodically reviewed to ensure that they still meet the needs of the Charity.
This report has been prepared in accordance with the Statement of Recommended Practice – Accountancy and Reporting by Charities.
Approved by the Trustees on 14th February 2023 and signed on their behalf by:
A M Teasdale
Page 2
ROTARY CLUB OF STURMINSTER NEWTON TRUST FUND Independent Examiner’s report to the Trustees of the Rotary Club of Sturminster Newton Trust Fund
I report to the trustees on my examination of the accounts of the charity for the year ended 30[th] June 2022.
Responsibilities and basis of report
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
The Trustees consider that the audit requirements of Section 144 of the Charities Act do not apply and that an independent examination is required.
I report in respect of my examination of the Trust’s accounts under Section145 of the Act, and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section145 (5)(b) of the Act.
I ndependent Examiner’s Statement
I have completed my examination. I confirm that no 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 accordance with section 130 of the Charities Act or
the accounts do not accord with the accounting records.
I 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 understanding of the accounts to be reached.
John Cowley, ACA Bramleys, Bath Road, Sturminster Newton, Dorset, DT10 1EB
Date: 15th February 2023
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ROTARY CLUB OF STURMINSTER NEWTON TRUST FUND Statement of Financial Activities (including Income and Expenditure Account) for the year ended 30[th] June 2022
| Incoming Resources Club Trust Fund (page 7) Cheese Festival (page 8) Total Incoming Resources Resources Expended Club Trust Fund (page 6) Cheese Festival (page 9) Total Resources Expended Net (outgoing) / incoming Resources Asset revaluations Total Funds for 1st July 2021 Total Funds for 30th June 2022 Balance sheet Summary Fixed assets Stock Debtors Bank balances Less: creditors |
Total Funds Total Funds 2022 2021 £ £ 20,395 555 113,030 210 133,425 765 13,054 4,727 100,843 7,427 113,897 12,154 19,528 (11,389) 0 4,904 117,008 123,493 136,536 117,008 6,830 3,185 0 668 12,900 987 117,676 118,426 137,406 123,266 (870) (6,258) 136,536 117,008 |
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ROTARY CLUB OF STURMINSTER NEWTON TRUST FUND Notes forming part of the Financial Statements for the year ended 30[th] June 2022
1. Accounting Policies
The financial statements have been prepared under the historical cost convention and follow the recommendation in Accounting and Reporting by Charities: Statement of Recommended Practice issued in October 2000.
2. Taxation
The Trust is exempt from Corporation Tax in its charitable activities.
3. Tangible fixed assets
| a.Cheese Festival Equipment Balance 30th June 2021 Additions Depreciation Balance 30th June 2022 b. Trust Account Equipment Balance 30th June 2021 Additions Depreciation Balance 30th June 2022 |
£ 2,185 5,588 (1,943) 5,830 1,000 0 0 1,000 |
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ROTARY CLUB OF STURMINSTER NEWTON TRUST FUND Year ended 30[th] June 2022
| EXPENDITURE TRUST FUND Charitable Donations Trust Fund Shelterbox Shoebox Santa Stride Local Schools RBL SOS Africa D&S Air Ambulance Sturbiz LendWithCare Yeovil Hospital Vale Pantry Christmas dinner for the elderly District India Project Cancer Research Weldmar Hospice Town Fair Blandford Stour donation Assn of Dorset Watches Exchange PC fund Ukraine Fund Blackmore Vale Partnership Carers' Celebration Exchange Bbq costs The Big Lunch Depreciation Sub Total Misc. Charges Trust Fund Guest Meals Examination of Accounts Web Site Registration Purchase of voice recorder Plant fair costs Community project - carpets Contra Entry to Club Account Sub Total Grand Total |
2,022 2021 £ £ 2,100 1000 297 149 742 0 49 0 50 50 600 650 547 0 25 50 140 300 0 500 150 500 100 450 0 500 100 0 107 0 63 0 325 0 229 0 1,332 0 3,930 0 200 0 1,049 0 268 0 0 100 12,403 4,249 28 0 150 150 12 0 44 0 17 248 0 80 400 0 651 478 13,054 4,727 |
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ROTARY CLUB OF STURMINSTER NEWTON TRUST FUND Year ended 30[th] June 2022
| SOURCE OF FUNDS TRUST FUND Shelter Box Cheese Festival Santa Stride Shoeboxes Plant fair Sundry Donations Ukraine PC Fund Exchange Bbq Total |
2022 2021 £ £ 283 0 14,002 0 787 0 267 149 322 406 56 0 950 0 3,500 0 228 0 20,395 555 |
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ROTARY CLUB OF STURMINSTER NEWTON TRUST FUND Year ended 30[th] June 2022
| SOURCE OF FUNDS Cheese Festival Exhibitors Gate receipts and draw Programme & Advertising Wine Bar Cider Tent Tea Towels Sponsorship and Donations Refund of Pledges Bank Interest |
2022 2021 £ £ 29,405 0 73,587 0 0 0 2,500 0 6,008 0 862 65 650 25 0 0 18 120 113,030 210 |
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Page 8
ROTARY CLUB OF STURMINSTER NEWTON TRUST FUND Year ended 30[th] June 2022
| Expenditure Cheese Festival Marquee hire Electrical Gate & ticket costs Hire of venue On-site entertainment Mousetrap Theatre PA First Aid Storage Equipment hire On-site costs Traffic management Refreshments Advertising costs Insurance Printing, Postage and stationery Website costs Accountancy Administration Licences Bank Charges Charitable donations (Page 10) Donations to volunteers (Page 10) Tea Towels Wine Bar Purchase Depreciation |
2022 2021 £ £ 16,693 0 12,027 0 4,715 0 734 0 2,105 0 0 0 2,284 0 2,340 0 1,144 1,144 9,549 987 4,378 0 12,182 0 200 0 357 0 728 0 454 0 1,810 505 360 360 1,635 480 42 0 1,941 0 15,560 3,000 6,994 0 668 223 0 0 1,943 728 100,843 7,427 |
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ROTARY CLUB OF STURMINSTER NEWTON TRUST FUND Year ended 30[th] June 2022
| CHARITABLE DONATIONS CHEESE FESTIVAL Friends of Stour View Vale Pantry SN Rotary Club The Exchange William Barnes School & PTFA SN High School Expedition Group Home Start North Dorset Pitt Rivers Charitable Trust Okeford United Football Club Hooper Hall The Blackmore Vale St Gregory's School Mosaic Supporting Dorset Village Defibrillator Donations to volunteers Changing Young Lives Donations Total donations Cheese Festival donations to volunteers Blackmore Vale Lions Blackmore Vale Lodge Blandford Rotary Club Blandford Stour Rotary Club Dorset Marshals Gillingham Rotary Club Shaftesbury Rotary Club Sherborne Castles Rotary Club Sturminster Newton First Responders S N High School Expedition Group Sturminster Newton Scout Group Sturminster Rovers Football Club Sturminster & Hinton Cricket Club SNADS SN Literary Festival Yewstock School |
2022 2021 £ £ 0 4,000 0 500 8,000 0 1,000 0 500 0 360 0 1,000 0 1,500 0 400 0 300 0 1,000 0 500 0 1,000 0 500 0 0 0 (500) (1,500) 15,560 3,000 876 0 200 0 480 0 432 0 600 0 120 0 120 0 348 0 500 0 500 0 1,000 0 600 0 432 0 336 0 250 0 200 0 6,994 0 |
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