FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 FOR ROTARY INTERNATIONAL DISTIUCT 1120 CHARrrABLE TRUST CHAIUTY NUMBER 1114736 CONTENTS Trusteej Report Independent Examlner's Report StatemeDI of Fln•nc&al Acllvltlej BalADce Sbeet Notes to the Flnanclal Statements
ROTARY INTERNATIONAL DISTRICT 1120 CHARITABLE TRUST TRUSTEES REPORT The Trustees submil their annual report and the financial statements for th¢ year ended 30 June 2024. GOVERNING DOCUMENT The Rotary International District 1120 Charitable Trust was founded by Trust Deed on 20 April 2006. TRUSTEES The Trustees who served during the year and since were: P Frostick M Williams J Dunkley District Governor District Treasurer District Secretary appointed l July 2022 appointed l July 2015 appointed l July 2022 Charity Commission registered number: 1114736 Principal otTi¢e: 233 Borden Lane Sittingbourne Kent ME9 8HR Bankers: HSBC Bank PIC 115 High Street Si[NGBouRNE Kent MEI 0 4AL Indendent examiner: M J Startup FCA 19 Hazelwood Driv¢ Maidstone Kent
ROTARY INTERNATIONAL DISTRICT 1120 CIL4RITABLE TRUST TRUSTEES REPORT. CONTINUED OWECTS The main object of the Trust is to apply both the capithl and the income thereof to or for the relief of the poor and needy or such other chariLqble purposes as the District shall direct. ADMINISTRATION AND POLICY The Districi Governor (provided sheth¢ has obtsined the authorisation of the rnembers in a duly constituted meeting on each occasion in relation to the particular candidaie for Trusleeship) may by writing appoint a new Trustee or new Trustees hereof but so that:_ (a) (b) all Trustees must be members of a Rotary Club in the District. unless the members decide otherwise the Trustees shall nornially be the districl 8overnor, secretary and treasurer, no Trustee may act unless shelhe has signed a declaration of willingness to do so in the minute book of the Trustees. (c) Any Trust¢¢ who ceases to be a memkr of a Rotary Club in the Districl shall cease lo be a Trustee. The Districl may at any time by resolution remove a Trustee from the Trusteeship for any reason which may appear to the District to be good and sufficient and without assigning any reason provided thal if the Trustee objects sthe shall have the opp)rtunity of representing hier case al a duly authorised meeting of the District. FINANCIAL RESULTS AND ACTIVITIES During the year the Trust handled the funds raised by clubs in the District for their preferred charities. The results are sei out on page 6. RESERVE POLICY The reserves repr¢s¢nt the unrestricted and restricid funds of the charity. Activities are only carried out by the charity after donations. levies and grants have been collected, th¢r¢for¢. the charity does not need to hold large amounts of reserves. There are. in facL no '8en¢ral' charitable funds. INVESTMENT POWERS Under the Trust Deed the charity has the power to make any investments that th¢ Truslees see fit. RISK MANAGEMENT The major risks to hICh the charity is exposed, as identified by the Trustees, have been reviewed and systems have been established to mitigale these risks.
ROTARY INTERNATIONAL DISTRICT 1120 CHARITABLE TRUST TRUSTEES REPORT, CONTINUED ACCOUF4TING AND REPORTIIYG RESPONSIBILITIES Ststement of Trustees, responsibilities Charity law requires the Trustees to prepare financial statements for each financial year which show a true and fair view of the state of atTairs of the charity and its financial activities for that period. In preparing those financial statements. the Trustees are required to:. select suitable accounting policies and then apply them Consistently; observe the methods and principles in the Charities SORP 2015 (FRS 102): make judgements and estimates that are reasonable and prudent: state whether appl icable accounting standards and statemenis of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements: and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will conlinue in operational existence. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial w)sition of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011 the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities This report was approved by the Trustees on ')1 20 2+ Signed by the order of the Trustees M Williams. District Treasurer for 202312024
REPORT OF THE INDEPENDENf EXAMINER TO THE TRUSTEES OF ROTARY INfERNATIONAL DISTRICT 1120 CHARITABLE TRUST I report on the financial statements for the Trust for the year ended 30 June 2024, which are set out on pages six to nine. Respective reyponsibilities of trustees and Ihe independenl eLqminer The charity's trustees are responsible for the preparation of the financial statements. The charity's trustees consider that an audit is nol required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independenl examination is needed. It is my responsibility to: examine the financial statements under seclion 145 of the 201 l Act: to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act; and to state whether particular matters have come to my attention. Basis of independent examiner's report My examinalion was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kepi by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audi( and onsequently no opinion is given as to whether the financial statements present a 'true and fair view, and the report is limited to those matters set out in the sta*meni below. IDdependeDt examiner's statement In Connection with my examination. no matter has come to my attention: ( l ) which gives me reasonable caus¢ to believe ihat in any material respect the requir¢m¢nts: lo keep accounting records in accordance with seclion 130 of the 2011 Act. and to prepare financial statements which accord with the accounting records and comply with the accounting requirements of th¢ 2011 Act have not been met; or (2) to which, in my opinion, attention should be drawn in order to enable a proper understandin8 of the financial statements to be Teached. M J Startup 19 Haz¢lwood Drive Maidstone K¢nt Dated 31 October 2024
ROTARY INTERNATIONAL DISTRICT I 120 CHARITABLE TRUST sTATEmEr OF FINANCIAL ACTIvrriES FOR THE YEAR ENDED 30 JUNE 2024 Restricted Fund8 INCOMING RESOURCES TOTAL 2024 TOTAL 2023 Donations (Note 3) 27,642 27,642 113,010 113,010 RESOURCES EXPENDED Charitable Expenditure (Note 4) 22,443 22,443 115,372 115,372 Net IncomlnyJ(Outgo1n Resources 5.199 (2,362) The notes on pages 8 and 9 fomi part of these financial statements
ROTARY INTERNATIONAL DISTRICT 1120 CHARITABLE TRUST BALANCE SHEET AS AT 30 JUNE 2024 2024 2023 CURRENf ASSETS Debtors 74 74 Cash ai bank - HSBC 8,165 2,965 CREDITORS: amounts falling due within one year TOTAL ASSETS LESS LIABILITIES 8,239 3.039 FUNDS Unrestricted Funds Restricted Funds: 8.239 3,039 TOTAL FUNDS 8,239 3,039 Approved by the Trustees on and Sied on their behalf by M Wllliami District Treasuffr The notes on pages 8 and 9 fonn part of these financial statem¢nts
ROTARY INTERNATIOIYAL DISTIUCT 1120 CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 ACCOUNTING POLICIES Genernl inforniation and basis of preparation Rotary International District 1120 Charitable Trust is a charity registered with the Charity Commission in the United Kingdom. The address of the registered office is given in the charity infornialion on page 2 of these financial statements. The nature of the charity's operations and principal activities are sel out in the Report of the Trustees on page 3. The charity constitutes a public benefit entity as defined by FRS 102. The financial 5tatemenls have been prepared in accordance with Accounting and Reporting by Charities: Statemenl of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS102) issued on 16 July 2014 (as updaied through Update Bulletin I published on 2 February 2016), lh¢ Financial Reporting Standard applicable in the Uniid Kingdom and Republic of Ireland (FRS102), the Charities Act 201 l and UK Generally Accepted Pralce as it applies from l January 2015. The charity has applied Updale Bulletin l as published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applying FRS 102 Section l A. The financial ststements have been prepared to give a'true and fair view and have departed from the charities {Accounls and Reports) Regulations 2008 only io the exlent required to provide a 'true and fair view,. This departure has involved following the Accounting and Reporting by Charilies: Statement of recommended Praclice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issu¢d on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice eff¢ctive from l April 2005 which has since been withdrawn. The financial stst¢ments are prepared on a 8oin8 concern basis under the historical ¢05t convention. The financial statements are pr¢seni¢d in sterling which is th¢ functional currency of the charity and rounded to the nearest £. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. The charity adopted SORP (FRS102) in the Current year. Given the nature of the charity's activities. its assets and liabilities. it has been deterniined that no adjustments are required to the rQgnitiOn of income and expenses or the carrying value of assets and liabilities. Donatlonj Donations are recolSed in the financial statements when they are received. Donations ffceived for the general purposes of the Charity are included as unrestricted funds. Donations for activities r¢stricted by t wishes of the donor are taken to 'restricted funds,.
ROTARY lfERNATIONAL DISTRICT 1120 CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 CONTINUED Resources Expended Resources expendd are accounted for on an accruals basis. Interegl recelved Interest is 2ccouni¢d for when received and is proportionalely allocaied to th¢ appropriate fund. TK4NSACTIONS WITH TRUSTEES No expenses or remuneration were paid to the Charity's Trustees. INCOMING RESOURCES TOTAL 2024 TOTAL 2023 Donatlonj Ukraine Fund Turkey Fund Air Ambulance Fund Gaza Fund 18.959 4,083 4.500 100 74.857 38,153 27,642 113.010 RESOURCES EXPENDED Charitabl¢ Expenditure Donations - Ukraine Fund Donations- Turkey Fund 16.981 5,462 78,672 36,700 22.443 15.372