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2024-06-30-accounts

Rotary Club of Tiverton Foundation Trust Charity Number: 1052252 25 Old Road, Tiverton EX16 4HJ

Trustees

Kevin Finan, John Smith, Frank Rosamond, David John Mitchell

Trustees meet regularly through Rotary Club Meetings to consider and approve;-

Trustees are nominated and selected from existing members of the Tiverton Rotary Club. The Treasurer of the Tiverton Rotary Club also acts as a trustee and treasurer to the charity.

During the past year 2023/24 the main activity was a scheme to support primary school literacy within the Tiverton area. This accounted for income of £19,653 and expenditure of £21,554. The income was raised from a grant through Devon Community Foundation and a 50% contribution from the schools involved. The expenditure reflected the payment of consultants who delivered the extra learning to pupils who were identified an in need of support with their literacy.

Other fund raising included a Community Fun Day, a Christmas Grotto, member donations and other activities which totalled £17,816. After direct costs the proceeds were distributed to a variety of local, national and international charities, including;-

Our objectives for the year were achieved in that funds raised through the activities of the Rotary Club have been applied to enhance the local, national and international community in furtherance of our wider Rotary aims.

The fund holds reserves sufficient to meet cash flow requirements, contingency funds for winding down schemes should grant support not be forthcoming and commitments made to other charitable organisations.

The charity does not hold any funds as a custodian trustee and has no debts.

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