Rotary Club of Watford Trust Fund
Annual Report 2023-24
Rotary Club of Watford Trust Fund
Annual Report for Financial Year 2023-2024
1. Basic Details
Name Rotary Club of Watford Trust Fund Registration No. 1037547 Address 10 Crane Lodge Wharf Lane RICKMANSWORTH Hertfordshire WD3 1GG Trustees during the year Michael Hammond David Charman Denise Wellham Richard Goates David Silverston Rabi Martins(appointed 01 May 2024)
2. Charity Structure
The Rotary Club of Watford is part of the worldwide organization Rotary International and was formed in February 1924
The purpose of the club is to provide support to other local, national and international charities and other needy causes. All funds raised for charitable purposes are administered through the trust fund.
Donations are only made to charities and other bodies were there is a defined need for funds and where the recipient of the donation is able to demonstrate a requirement and purpose for the funds.
The club generally supports local charities, nominated by that year’s President and members The club membership decides on other charitable giving by ballot, each members having one vote.
The trustees of the Charity Fund are the President, treasurer and secretary of the Rotary club and two members of the club, elected at the AGM of the club.
3. Achievements and Performance
In this financial year our main charities supported were Save a Childs Heart and Watford Social Centre for the Blind. The monies raised for Save A Childs Heart were raised alongside several other Rotary Clubs and were match funded to purchase a medical mannequin to assist in training paediatric heart surgeons. The monies raised for Watford Social Centre for the Blind were put towards essential building renovations.
We give annually to the Rotary Foundation (the charitable fund of Rotary International), the Rotary end Polio campaign and support the annual Kids Out day.
Please see the below extracts from the accounts for all amounts raised and donated.
4. Financial Review including details of the Reserve Policy.
The Policy of the Rotary Club of Watford is to donate the money is raises within the same financial year, unless the project being funded is to be carried out in the forthcoming year.
We also hold £830.00 from a legacy from one of our past members Malcolm Jones. We have looked at two or three projects in in his memory, but nothing has come to fruition. We will continue to explore opportunities to do so in the forthcoming Rotary year.
The club holds a charity reserve (£7,877.73) which allows the club to make donations to worthwhile causes, but is normally used to support charities in areas where there has been a natural disaster such as an earthquake, hurricane or flooding and where there is a need for immediate support for shelters, sanitation and clean water.
Extract from the accounts
Income
| Christmas Float and charity boxes | 12,687 |
|---|---|
| Save a Childs Heart | 10,000 |
| Centenary Lottery | 6,212 |
| Global grant | 5,250 |
| Silent Auction | 3,379 |
| Quiz night | 2,099 |
| Sponsorship Centenary | 2,000 |
| Public donation | 1,112 |
| In memory of Malcolm Jones | 830 |
| Golf Day | 573 |
| Fireworks | 557 |
| Kids out refund | 340 |
| Shoe Boxes | 286 |
| Interest | 285 |
| Bandstand collection | 155 |
| Donations from members | 112 |
| Big Green week | 33 |
| Polio Pig | 22 |
| Total | 45,932 |
| Expenditure | |
|---|---|
| Save a Childs Heart Mannequin | 18,397 |
| Watford Centre for Blind | 6,000 |
| Cathartic | 1,500 |
| Centenary Lottery Prizes (from sponsorship) | 1,300 |
| Shoeboxes | 1,200 |
| Rotary foundation | 1,000 |
| Smile – Dementia Carers Hub | 1,000 |
| New Hope | 1,000 |
| Watford Food Bank | 1,000 |
| Peace Hospice | 1,000 |
| Herts Mind | 1,000 |
| Guideposts | 1,000 |
| Pump House Theatre (roof fund) | 1,000 |
| Rotary International Polio | 1,000 |
| Quiz night | 976 |
| Kids Out | 723 |
| Centenary Sponsorship | 700 |
| Shelterbox | 590 |
| Float Expenses | 573 |
| Afghan refugees | 500 |
| Impactful Lives | 500 |
| Veterans Community & Support | 500 |
| Small Acts of kindness | 500 |
| 9 Lives | 500 |
| Mill End Food Bank | 500 |
| CVSS | 500 |
| Emma Dinata Foundation | 500 |
| Sunflower Social Club | 500 |
| Senior Citizen Party | 280 |
| Youth activities | 225 |
| Rock & Roll Bingo Cards | 114 |
| Bandstand Band payment | 100 |
| Foodbank | 100 |
| Auction costs | 90 |
| Santa Visit Watford General | 60 |
| Poppy donation | 50 |
| Golf day costs | 30 |
| Polio pig | 25 |
| Big Green Week stand | 20 |
| Sumup fees (float and other collections) | 12 |
| Total | 46,565 |
Bank Account
Opening Balance 9,342 Less Excess of Expenses over Income : 634 Closing Balance 8,708
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature
David Charman
Full name David Charman Position Honorary Treasurer Date 22[nd] April 2025
I certify that the Receipts and Payments account for the year ended 30[th] June 2024 and balance as at that date are in accordance with the records presented to me
Signature
Peter Hinstridge
Full name Peter Hinstridge Position Honorary Auditor
Date 22[nd] April 2025