## **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 Page 3 ## **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**| |---|---| Page 4 **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| |---|---| Page 5 **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**| |---|---| Page 6 **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**| |---|---| Page 7 ## **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| |---|---| 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| |---|---| Page 9 ## **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**| |---|---| Page 10