## **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 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 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 - 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 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 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**| |---|---| Page 4 **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| |---|---| Page 5 ## **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| |---|---| Page 6 ## **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| |---|---| Page 7 ## **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| |---|---| Page 8 ## **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| |---|---| Page 9 ## **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**| |---|---| Page 10