ROTARY CLUB OF STURMINSTER NEWTON TRUST FUND
REPORT AND FINANCIAL STATEMENTS
Year ended 30[th] June 2024
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
Alan Teasdale Christopher Hardiman Christopher Taylor Greg Dawson Nici Vining
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 2023
The Trustees present their report and financial statements for the year end 30[th] June 2024.
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 £12,319, resulting in an increase in the general reserves to £147,920. 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 and signed on their behalf by:
A M Teasdale
Date: 25th April 2025
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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 2024.
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
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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: 25th April 2025
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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 2024
| 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 1stJuly 2023 Total Funds for 30th June 2024 Balance sheet Summary Fixed assets Stock Debtors Bank balances Less: creditors |
Total Funds Total Funds 2024 2023 £ £ 13,713 18,111 114,064 112,380 127,777 130,491 6,978 22,573 108,480 108,853 115,458 131,426 12,319 (935) 0 0 135,601 136,536 147,920 135,601 5,379 5,693 0 0 0 6,316 143,351 124,102 148,730 136,111 (810) (510) 147,920 135,601 |
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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 2024
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 30thJune 2023 Additions Depreciation Balance 30thJune 2024 b. Trust Account Equipment Balance 30thJune 2023 Additions Depreciation Balance 30thJune 2024 |
£ 5,693 1,145 (1,459) 5,379 1,000 0 0 1,000 |
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ROTARY CLUB OF STURMINSTER NEWTON TRUST FUND
Year ended 30[th] June 2024
| EXPENDITURE TRUST FUND Charitable Donations Trust Fund Shelterbox Shoebox Santa Stride Local Schools RBL wreath SOS Africa D&S Air Ambulance Sturbiz LendWithCare Vale Pantry Christmas dinner for the elderly Prostate Cancer UK SSAFA - The Armed Forces Charity School Books Project Shillingstone School Mud Kitchens Wessex CIO Young Carers Costs Exchange Capital Projects Fund Ukraine Fund Blackmore Vale Partnership Carers' Celebration Exchange Bbq costs The Big Lunch Kids Out (with Gillingham & Shaftesbury) Friends of Big Yellow Bus Ivanka - school uniforms for Ukraine family Friends of Dorset Carers GoFundMe - Ruen Comins tennis Hidden Needs Trust CRT Barton - Bere Marsh Farm Project Queens Green Canopy trees Chestnuts at Harts Hardship Fund African Adventures African Adventures Water Survival Boxes Rotary Foundation - Polio Plus account RFUK - website Sub Total Misc. Charges Trust Fund Guest Meals Examination of Accounts Web Site Registration Equipment costs (for speakers) Plant fair costs Fraud refund Venue hire for meetings Sub Total Grand Total |
2024 2023 £ £ 2,000 4413 511 466 133 439 0 50 50 600 600 500 0 30 25 355 150 0 500 0 0 200 0 150 0 568 0 300 0 200 0 0 6,975 0 1,000 0 0 0 0 335 97 93 221 0 200 0 300 0 500 0 107 0 300 0 200 0 108 0 50 0 4,000 75 72 200 200 0 750 0 770 0 50 6,300 22,543 0 0 0 0 50 0 160 0 30 0 0 30 438 0 678 30 6,978 22,573 |
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ROTARY CLUB OF STURMINSTER NEWTON TRUST FUND Year ended 30[th] June 2024
| SOURCE OF FUNDS TRUST FUND Shelter Box Cheese Festival Cheese Festival beer Dorset Doddlers Santa Stride Shoeboxes Plant fair Prostate bike ride Ukraine Polio Day District Grant Exchange Projects Fund (PC fund) Blackmore Vale Lions Transfers Total |
2024 2023 £ £ 558 699 8,000 8,000 2,213 6,000 0 200 134 0 387 266 0 100 88 0 0 46 0 770 0 2,000 2,213 0 120 0 0 30 13,713 18,111 |
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ROTARY CLUB OF STURMINSTER NEWTON TRUST FUND Year ended 30[th] June 2024
| SOURCE OF FUNDS Cheese Festival Exhibitors Gate receipts Programme & Advertising Wine Bar Cider Tent Tea Towels Sponsorship and Donations Refund of Pledges Bank Interest |
2024 2023 £ £ 40,720 34,275 64,331 69,673 0 0 2,499 2,045 4,926 5,697 0 219 200 300 0 0 1,388 171 114,064 112,380 |
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ROTARY CLUB OF STURMINSTER NEWTON TRUST FUND Year ended 30[th] June 2024
| Expenditure Cheese Festival Marquee hire Electrical Gate & ticket costs Hire of venue On-site entertainment 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) Depreciation |
2024 2023 £ £ 19,977 16,923 15,429 11,114 3,474 3,361 763 760 3,985 3,785 2,379 2,350 2,500 2,500 1,624 1,144 13,292 10,097 3,191 5,254 15,530 14,727 449 743 1,181 1,134 762 719 694 611 490 1,839 300 300 1,557 2,172 42 42 3,600 2,751 10,100 18,703 5,702 6,260 1,459 1,564 108,480 108,853 |
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ROTARY CLUB OF STURMINSTER NEWTON TRUST FUND Year ended 30[th] June 2024
| CHARITABLE DONATIONS CHEESE FESTIVAL SN Rotary Club The Exchange William Barnes School & PTFA SN High School Expedition Group Home Start North Dorset Pitt Rivers Charitable Trust Hooper Hall The Blackmore Vale Mosaic Supporting Sturminster United Charities Stepping Stones SNADS SN Museum & Mill Society Dorset Blind Association SN Literary Festival St Nicholas Primary School Prostate Cancer Sam Holloway Memorial Fund Graham Airey Memorial Fund Total donations Cheese Festival donations to volunteers Blackmore Vale Lions Blackmore Vale Lodge Blandford & Blandford Stour Rotary Club Dorset Marshals Gillingham Rotary Club Hedgehog Rescue Shaftesbury Rotary Club Sherborne Cadets Sherborne Castles Rotary Club Sturminster Newton Boxing 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 |
2024 2023 £ £ 8,000 8,000 0 1,000 0 1,000 0 600 0 1,000 1,500 1,500 0 500 0 1,000 0 1,000 400 0 0 500 0 500 0 500 0 500 0 300 0 500 0 250 0 53 200 0 10,100 18,703 552 750 0 100 432 350 600 600 0 120 192 350 108 220 0 60 408 280 100 0 900 800 960 680 500 500 600 600 350 600 0 250 0 0 0 0 5,702 6,260 |
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