Rotary Club of Watford Trust Fund
Annual Report for Financial Year - 2024/25
1. Basic Details
Name: Rotary Club of Watford Trust Fund Registration Number: 1037547 Address: 10 Crane Lodge Wharf Lane RICKMANSWORTH Hertfordshire WD3 1GG Trustees during the year Rabi Martins Michael Hammond David Charman Denise Wellham Richard Goates David Silverston Ali Irteza (appointed 7 May 2025) Alan Elgey (appointed 7 May 2025)
2. Charity Structure
The Rotary Club of Watford is part of the worldwide organisation, Rotary International and was formed in 1924.
The purpose of the club is to provide support to other local, national and international charities and other needy causes. All funds for charitable purposes are administered through the Trust Fund. The general costs of running the club are funded by its members from subscriptions and specific social events. Funds raised from the public are held in the Trust Fund and are not used for this purpose. No members, including Trustees, receive payment for their participation in the club.
The Trustees of the Trust Fund are ex officio the President, Immediate Past President, Secretary and Treasurer of the Rotary Club and also two members, elected at the AGM of the Club.
In the current year Denise Wellham took over as Treasurer from David Charman who was leaving the area. The appointment of Alan Elgey reflected the agreement for him to take over as Treasurer for the following year on 1 July 2025, with Denise Wellham moving to the role of Secretary. The appointment of Ali Irteza reflected his election as President for 2025/26.
3. Achievements and Performance
In 2024/25, the Rotary Club of Watford donated £22,752 (97%) to charitable causes from a net surplus for the year of £23,377. These donations were in 4 main categories: Local Charities (74.3%), Local Activities (8.7%), International Activities (11.8%), Rotary Foundation (5.2%).
Distributions to local charities were directed primarily to the support of mental health and community causes, which were the focus of the President’s year. The environmental objectives were also supported by a boost to our Big Green Week activities started in the previous year and which are likely to grow again in the coming year.
We run a number of local activities including support of Kids Out, an annual Rotary event to enable disadvantaged children to experience Whipsnade Zoo. We also participated in Rotary Youth Activiies with success in the Young Chef competition.
We give annually to the Rotary Foundation (the charitable fund of Rotary International, through which large projects are supported; Rotary Club of Watford has benefitted from this in the past. We also support the Rotary End Polio campaign
4. Financial Review including details of the Reserves Policy
The policy of the Rotary Club of Watford is to donate the money raised within the same financial year unless the project being funded is to be carried out in the forthcoming year in which case it will be held as a Restricted fund or an Unrestricted Designated Fund as the case may be.
The club holds a small designated reserve of £858.11 which will be used in the memory of deceased members of the Club
The club holds a general charity reserve which allows the club to make donations to worthwhile causes especially in the early part of the financial year where funds are at their lowest. This may be used to support charities in areas where there has been a natural disaster such as earthquake, hurricane or flooding. The reserve held at 30 June 2025 was £8,474.67.
Key features in the accounts
| 2024/25 | |||
| Receipts | Payments | Net Gain/(Loss) |
|
| Christmas Float and Charity boxes | 14,797 | 1,180 | 13,617 |
| Rock and Roll Bingo (2 events) | 4,285 | 1,621 | 2,664 |
| Supper Quiz | 2,390 | 1,042 | 1,348 |
| Fireworks | 500 | 500 | |
| Big Green Week | 95 | 5 | 90 |
| Shoeboxes | 244 | 244 | |
| Total for Activities | 22,311 | 3,848 | 18,463 |
| Donations | 1,872 | 1,872 | |
| Gift Aid | 2,881 | 2,881 | |
| Interest | 161 | 161 | |
| Other Income | 4,914 | 0 | 4,914 |
| Surplus for Year before Donations | 27,225 | 3,848 | 23,377 |
| Local Activities | 1,976 | ||
| International Activities | 2,677 | ||
| Rotary Foundation | 1,200 | ||
| Local Charities | 16,900 | ||
| Total Donations | 22,752 | (22,752) | |
| Surplus for Year after Donations | 27,225 | 26,600 | 625 |
Rotary Club of Watford Receipts and Payments Account Year to 30 June 2025
TRUST FUND
| TRUST FUND | ||||||
|---|---|---|---|---|---|---|
| Income | Net inc. | Receipts | Expenditure | Net Exp. | Payments | |
| Rock & Roll Bingo Quiz night R&R Bingo (January) Fireworks Great Big Green Week Atria collecton Christmas Float and charity boxes - - |
13,617.49 1,222.76 |
14,797.45 1,983.15 2,390.00 2,301.56 500.00 95.47 105.64 - - - - - - - - - - - - - - - - - - - - - - - - 13,617.49 1,222.76 2,390.00 95.47 |
Float Expenses Rock & Roll Bingo Quiz night R&R Bingo (January) Sumup fees Big Green Week |
1,179.96 760.39 1,042.39 860.19 4.63 - - - - - - - - - - |
||
| Shoe Boxes Column Interest Public donaton Barclays donatons Paypal donatons HMRC Gif Aid In memoriam |
243.80 113.80 160.79 952.13 350.00 322.04 2,881.09 28.11 - - - - - - - - - - - - - - - - - - - - - - - - - - - - 113.80 350.00 500.00 2,301.56 243.80 952.13 |
Poppy wreath Kids Out Youth actvites Santa Visit Watord General Senior Citzen Party |
100.00 1,250.00 250.00 13.00 362.60 - - - - - - - - - - |
|||
| Polio Shelterbox Borehole |
250.00 1,200.00 1,226.82 - - - - - - |
|||||
| Rotary foundaton | 1,200.00 - - |
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| CHARITIES | ||||||
| Kids in Crisis Clean Herts Community Cathartc Watord Mencap 1st Watord Scouts New Hope Random Café Kel Gospel Ministries Alternatves Watord Noah's Ark Impactul Lives Veterans Community & Support Small Acts of kindness Watord Sheltered Workshop Spiced inWatord Former Players Gudeposts Pepper Foundaton DRUM Forces United Community Learning Partnership |
200.00 2,400.00 1,000.00 800.00 1,000.00 500.00 500.00 350.00 1,000.00 500.00 1,000.00 500.00 750.00 750.00 500.00 750.00 750.00 900.00 1,000.00 1,000.00 750.00 ) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
|||||
| 27,225.03 - - 21,787.01 - - |
Total Expenditure: Plus Excess of Income over Expenses : |
27,225.03 26,599.98 625.05 - - - - - - |
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Rotary Club of Watford
Balance Sheet as at 30 June 2025
TRUST FUND ACCOUNT
Rotary Accounts Balance as at 01 July 2024 8,707.73 Bank Balance as at 30 June 2025 9,332.78
Plus
Unpresented Cheques / Cash -
Plus Excess of Income oover Expenses 625.05 Less
Uncleared payments / transfers -
Rotary Accounts Balance as at 30 June 2025 9,332.78 Rotary Accounts Balance as at 30 June 2025 9,332.78
Declarations
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The trustees declare that they have approved the trustees report above.
Signed on behalf of the charity's trustees
Alan Elgey Alan Elgey Honorary Treasurer 25 April 2026
I certify that the attached Receipts and Payments Account for the year ended 30th June 2025 and Balance Sheet as at that date are in accordance with the records presented to me.
Peter Hinstridge
Peter Hinstridge FCA Independent Examiner 01 January 2026
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Rotary Club of Watford - Trustees Annual report and Annual Accounts
for the Year to 30 June 2025
Declarations
The trustees declare that they have approved the trustees report above.
Signed on behalf of the charity's trustees
Alan Elgey Alan Elgey Honorary Treasurer 25 April 2026
I certify that the attached Receipts and Payments Account for the year ended 30th June 2025 and Balance Sheet as at that date are in accordance with the records presented to me.
Peter Hinstridge Peter Hinstridge FCA Independent Examiner
01 January 2026