North Walsham & District 331
# **North Walsham & District Round Table Charitable Fund**
**Report and Financial Statements For the period from 1 April 22 to 31 March 2023 Charity No: 1070536**
North Walsham & District 331
|**North Walsham and District Round Table Charitable Fund**|**North Walsham and District Round Table Charitable Fund**|
|---|---|
|**Contents Page**||
||**Page**|
|**Reference and administrative details**|**2**|
|**Annual report of the trustees**|**3-4**|
|**Independent examiner’s report**|**5**|
|**Receipts and payments accounts**|**6-7**|
|**Notes to the financial statements**|**8**|
North Walsham & District 331
## **North Walsham and District Round Table Charitable Fund**
## **Reference and Administrative Details**
Charity Registration Number:
## **1070536**
Address:
3 Quaker Cottages Mundesley Road North Walsham NR28 0RE
Independent Examiner:
Anna Bright FCCA Togo Cottage Church Lane Potter Heigham NR29 5LR
Trustees:
Trevor Ivory James Cobbold Marc Cushing
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North Walsham & District 331
## **North Walsham and District Round Table Charitable Fund**
## **TRUSTEES’ REPORT**
## **FOR THE YEAR ENDED 31 March 2023**
The Trustees present their annual report and financial statements of North Walsham and District Round Table Charitable Fund for the year ended 31 March 2023 The financial statements have been prepared in accordance with the accounting policies set out in the notes on page 8 of the accounts and comply with the charity’s Trust Deed, the Charities Act 2011 and the Statement of Recommended Practice: Account and Reporting by Charities published in 2015.
## **Objectives and Activities**
The objects of the charity are to encourage high ethical standards in commercial life through the promotion of fellowship amongst young professional and business men, and to empower each individual to made a positive impact at home, work and in the community.
This is achieved through regular table meetings and raising charitable funds in order to make donations to good causes in and around the North Walsham area
Funds are raised through various means, primarily the Christmas Santa Sleigh and annual beer festival.
## **Structure, Governance and Management**
The Charitable Fund is a registered charity, number 1070536, and is constituted under a declaration of trust dated 23 April 1998.
The charity raises funds in order to support local good causes in and around North Walsham, this is primarily achieved through the Christmas Santa Sleigh and donations and sponsorship received for the annual beer festival.
Trustees are appointed at a Trustee meeting, with due regard to their possessing the skills, knowledge and experience needed for the effective administration of the charity. Trustees must be members of the Round Table North Walsham 331 business group and be under the age of 45.
## **Public Benefit Statement**
The Trustees have regard the Charity Commission’s public benefit guidance.
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North Walsham & District 331
## **North Walsham and District Round Table Charitable Fund**
## **TRUSTEES’ REPORT (continued) FOR THE YEAR ENDED 31 March 2023**
## **Achievements and performance**
This was our first fully functioning year since the global COVID 19 pandemic. We were able to once hold our beer festival, the first one since 2019. The festival was held at a new bigger location on North Walsham’s Memorial Park. This proved to be incredibly successful with a profit of just over £14,000 being raised. We were able to roll out Santa’s Sleigh in December and we once again had another successful year, with donations of £1,970. The charity continued to support local good causes and donated a total of £9,432 during 2023 (2022: £1,610)
## **Financial Review**
Donations received increased during 2023 and totalled £3,407 compared to £885 during 2022. There was an excess of income over expenditure during the year of £8,009 (2022: excess of expenditure over income of £203). Reserves at the end of the year stand at £15,980 (2022: £7,971).
## **Reserves Policy**
The charity holds sufficient reserves to ensure that any suitable requests received from local good causes can always be met, in order to satisfy the objectives of the charity.
Approved by the Trustees on: 29 January 2024 and signed on their behalf by:
## **James Cobbold Trustee**
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North Walsham & District 331
## **North Walsham and District Round Table Charitable Fund**
## **Report of the Independent Examiner to the Trustees of North Walsham and District Round Table Charitable Fund**
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2023 which are set out on page 5 to 7.
## **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’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the charity as required by section 130 of the Act;
- Or
2. the accounts do not accord with those records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in the report in order to enable a proper understanding of the accounts to be reached.
Anna Bright FCCA Togo Cottage Church Lane Potter Heigham NR29 5LR
Date: 29 January 2024
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North Walsham & District 331
## **North Walsham and District Round Table Charitable Fund**
## **RECEIPTS AND PAYMENTS ACCOUNTS FOR THE YEAR ENDED 31 March 2023**
**________________________________________________________________________________**
||**Year ended**
**31 March**
**2023**|**Year ended**
**31 March**
**2022**|
|---|---|---|
||**Unrestricted**|**Unrestricted**|
||||
|**Incoming resources**|**£**|**£**|
||||
|Beer Festival|48,109|-|
|Donations|3,407|885|
|Santa's Sleigh|1,970|3,055|
||||
|**Total incoming resources**|**53,486**|**3,940**|
||||
||||
||||
|**Resources expended**|||
|Donations|9,432|1,610|
|Beer Festival|35,768|2,344|
|Santa's Sleigh|121|107|
|Sundry Expenses|156|82|
||||
||||
|**Total resources expended**|**45,477**|**4,143**|
||||
|**Net Incoming resources/(Resources expended)**|**8,009**|**(203)**|
||||
||||
|Total funds brought forward|7,971|8,174|
||||
|Total funds carried forward|15,980|7,971|
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North Walsham & District 331
## **North Walsham and District Round Table Charitable Fund**
## **STATEMENT OF ASSETS AND LIABILITES AS AT 31 March 2023**
**________________________________________________________________________________**
||**Year ended**
**31 March**
**2023**|**Year ended**
**31 March**
**2022**|
|---|---|---|
||**Unrestricted**|**Unrestricted**|
||||
|**Current Assets**|**£**|**£**|
||||
|Cash at bank and in hand|15,980|7,971|
||||
||||
|**Net assets**|**15,980**|**7,971**|
||||
||||
||||
|**Funds**|||
||||
|Unrestricted funds|15,980|7,971|
||||
||||
|**Total funds**|**15,980**|**7,971**|
The financial statements were approved by the Trustees on: 29 January 2024.
## **James Cobbold Trustee For and on behalf of the Trustees**
Page | 7
North Walsham & District 331
## **North Walsham and District Round Table Charitable Fund**
**NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2023**
## **1. ACCOUNTING POLICIES**
The principal accounting policies are set out below:
## **Accounting receipts Convention**
The financial statements have been prepared under the historical cost convention and are in accordance with applicable UK accounting standards. The financial statements also comply with the Statement of Recommended Practice: “Accounting and Reporting by Charities” published in 2015 and the Charities Act 2011.
## **Income**
Income is accounted for on a receipts basis.
## **Expenditure**
Expenditure is accounted for on a payments basis.
## **2. TRANSACTIONS WITH TRUSTEES**
The Trustees neither received nor waived any remuneration during the period, or received any reimbursement of expenses.
Page | 8