Charlty number 1047526 Taunton Round Table Charltable Trust Fund Trustees, report and financial statements fortheyear ended 31 March 2023
Taunton Round Table Charltable Trust Fund Contents Page Legal and administrative information Report of the Trustees Independent Examlnerfs report Statement of Financial Activities Balance Sheet Notes to the financial statements
Taunton Round Table Charitable Trust Fund Legal and administrative Informatlon Legal information Taunton Round Table Charltable Trust Fund l.the Charity"} Is a registered charity Icharity number 10475261. The Charity is governed by the Trust Deed dated 16 June 1995. In accordance with the Taunton Round Table's rsjles all the Trustees retire at the Annual General Meeting and new Trustees will be appointed for the forthcoming year. Objects The charitable objects of the Charity are to pay or apply income raised for such charitable purpose or purposes according to the laws of En8land and Wales in the United Kingdom. and to, or for the benefit, of such, one or more charitable bodies. trusts, associations. institutions or organisatlons established for charitable purposes as aforesald, and in such shares and In such manner as the club in ordinary meeting shall in it5 absolute discretion determine or select. Trustees Harley Brown Philip West Ben Hlnglev Principal addres$ c/0 Phll West 5 Gloucester Court Gloucester Street Taunton TAI ITF Independent Examlner Kate Champion clo Collar Factory Taunton Somerset TAI IQN Banker5 CAF Bank Page I
Taunton Round Table Charitsble Trust Fund Report of the Trustees The trustees present herewith their reFJOrt and the financial statements of the Charity for the year to 31 March 2023. Review of activities Durlng the year the Charity raised an amount of £20,502 net of fundraising costs12022 - £22,924). These funds were utilised to make donations of £13.340 12022 £14,1951 and to fund £4,705 of prolects for our community12022 - £5,616). Thls year a surplus of £2.382 has been made12022- a surplus of £3,113). after bank charges and bank Interest recelved. The carrled forward reserves have increased to £19.517 at 31 March 2023, from £17,135 at 31 March 2022. In planning the donatlons for the year the trustees gave regard to the Charlty Commlssion's guidance on public benefit. During the year to 31 March 2023 the donations made by the charity have benefited wlde settion of the public by provldlng organisatlons with vital funding With whSch to further thelr own charltable activitles. ReseThes policy The alm of the Charity is to expend funds raised in line with its objects and therefore the level of reserves held should be mlnlmal and dependent on the timing of the charitable expenditure. On b•half of the trustees Harley Brown Trustee Philip Trustee est Page 2
Taunton Round Table Charltable Trust Fund Independent Examinerfs report Independent examinerfs report to the Trustee5 of Taunton Round Table Charltable Trust Fund I report on the flnanclal statements of the Trust for the year ended 31 March 2023 which are set out on pages 4 to 8. Respectlve responsibilities of trustees and examiner The Charivs trustees are responsible for the preparation of the flnancial statements. The Charitvs trustees consider that an audit is not requlred for thls year under section 43121 of the Charlties Act 1993 (the 1993 Act) and that an independent ex3mination is needed. It is my respon5iblllty to: examine the financial statements under section 43 of the 1993 Act 2. to follow the procedures laid down in the General Dlrections given by the Charity Commissioner under section 43{7llbl of the 1993 Act, and 3, to state whether partiCLtlar matters have come to my attentlon. 8asls of independent examlnerfs report My examination was carried out in accordance with the General Dlrections given by the Charlty Commi55ioner. An examination includes a review of the accountlng records kept by the Charlty and a comparison of the flnancial statements presented with tIse records. It also includes consideration of any unusual items or disclosures in the financial statements, and the seeking of explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required In an audit and. consequentlys no opinion is given as to whether the financial statements present a 'true and fairvlev/ and the report is limited to those matters set out in the ststement below. Independent examlner's statement In connection with my examination, no matter has come to my attention.. which glves me reasonable cause to believe that, in any material respect, the requirements., a. to keep accounting records in accordance with section 41 of the 1993 Act. and b. to prepare financial statement5 whlch accord with the accountln8 records and to comply with the accountlng requirements of the 1993 Act have not been meL or 2. to whlch. in my opinlon, attentlon should be drawn in order to enable a proper understandlng of the financial statements to be reached. Kate Champlon Date.. 2610 11201Ltr Page 3
Taunton Round Table Charitable Trust Fund Statement of Financial Attlvllles for the year ended 31 March 2023 Note 2023 Unrestrlrted 2022 Unrestricted Income from: Incomlng resources from generated funds Donations Charitable activitie5'. Speaker evenlng Golf dav Carol f loat Longleat Physical Challenge 90 412 34,599 2,198 1,368 1,422 32.720 2.087 3,505 2,876 39,587 41,188 Investments: Interest received Total incoming resources 79 39,756 41,601 Expendlture on: Ralsln8 funds Fundralsln8 Costs: Speaker evening Physlcal challenge Other events 16.982 16.091 2,272 2.407 19,254 18.498 Charltable actfvities Donations.. PromiseWORKS Taunton Foodbank Somerset Counsellln8 Centre Small grants & individua15 13.340 i.0 12,695 500 13.340 14.195 Projetts funded: Lon8leat 4,705 5,616 Bank charges 73 179 Total resources expended 37,372 38,488 Net movement In funds Total funds brought forward Total funds cafrled torward 2,382 17,135 19,517 3,113 14,022 17,135 Page 4
Taunton Round Table CharFtable Trtsst Fund Balance Sheet As at 31 March 2023 Note 2023 2022 Current assets Debtors Cash at bank 256 19,261 19.517 836 16,299 17.135 Creditors: amounts fallln8 due wlthln one year Net assets 19.517 17,135 Represented bv.. Funds of the Charlty Unrestricted fund5 19,517 17,135 Approved by the Board of Trustees on .................,..,,.,............ and slgned on its behalf by: Harley Brown Trustee Phi1Sp W Trustee Page 5
Taunton Round Table Charitable Trust Fund Notes to the financial Statements lor the year ended 31 Mah 2023 l. Accounting pollcles 1.1. Account5ng convention The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their account5 In accordance with the Financlal Reporting Standard appllcable In the UK and Republic of Ireland IFRS 102} (effective I january 20221- Icharities SORP IFRS 10211 and the Charities Act 1993. Taunton Round Table Charitable Trust Fund meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognlsed at historlcal cost. 1.2. Goln8 concern There is no doubt on the charltvs ability to continue and there a no material uncertaintie5 about the ¢hariVs ability to continue. Therefore, these accounts have been prepared on the goin8 concern basis. 1.3. Incomln8 resources These are recognised on the Statement of Financlal Actlvltles ISOFAI when the Charlty becomes entltled to the Income. the trustees are virtually certain they will receive the Income, and the monetary value can be me35LJred with sufficient reliability. 1.4. Donatlons and Investrnent income Donations and investment Income are only Included In the 50FA when the Charity has the unconditional entitlement to the resour$. 1.5. Gift aid recelvable Incoming resources from tax reclaims are Included In the SOFA at the same time as the gift to which they relate. 1.6. Incomlng resources wlth relaled expendlture Where incomin8 resources have related expenditure the Incomin8 resources are reported gr055 in the SOFA. 1.7. Grants and donatlons payable Grants and donations payable are only recognised in the financial statements when commitment has been made, and If there are conditions, once the conditions have been met. 1.8. Llablllty recognltlon Liabilitie5 are recognised os soon as there Is a legal or constructive obligation committing the Charity to pay out resource5. 2. Trustees expenses No trustees received remuneration or expenses during the year12022- none). 3. Accountancy fees There have been no audit or accountancy fees during the year12022 - none). Page 6
Taunton Round Table Charitsble Trust Fund Notes to the financial statements for the year ended 31 March 2023 4. Related party Iransactions There have been no related party transactions that require disclosure during the year (2022- none). S. Speaker evenlng 2023 2022 Income Ticket sales Auction and fundralslng on the nlght Sponsor donatlon 14,545 14,054 6,000 34,599 15,500 11,220 6,000 32.720 Expendlture Venue costs Speaker costs Band PrSzes Other 8.625 7,800 12.010 3,449 475 160 133 16.227 54 506 16,982 Net surplus 17,617 16,493 6. Debtors 2023 2022 Trade debtors Other debtors Debtors 256 836 256 836 7. Charitable funds lunre5tricted) 2023 2022 Balance at l April 2022 Incoming resources Outgoing resources Balance as at 31 March 2023 17,135 39,991 137,3731 19,517 14.022 41,601 38,488 17,135 Page 7