THE ROTARY CLUB OF FURNESS CHARITABLE TRUST
TRUSTEES ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2024
(Registered Charity Number 1131039)
THE ROTARY CLUB OF FURNESS CHARITABLE TRUST
INDEX
| INDEX | |
|---|---|
| Page | |
| Legal and Administrative Details | 1 |
| Trustees Report | 2 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Accounts | 6 |
| Independent Examiners Report | 12 |
LEGAL AND ADMINISTRATIVE DETAILS
ADDRESS FOR CORRESPONDENCE
33 Rampside Road Barrow-in-Furness LA13 0HN
REGISTERED CHARITY NUMBER
1131039
TRUSTEES
Geoffrey James Graham Postlethwaite Martin McLeavy David Salt
INDEPENDENT EXAMINER
Simon Oram FCCA Melville & Co Chartered Accountants 17-18 Trinity Enterprise Centre Ironworks Road Barrow-in-Furness Cumbria LA14 2PN
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THE ROTARY CLUB OF FURNESS CHARITABLE TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024
The Trustees present their report for the year ended 30 June 2024.
OBJECTIVES AND PRINCIPAL ACTIVITIES
The charity was established to administer the monies donated to the Rotary Club of Furness for charitable purposes.
Its main objective is the relief of the needy, in its widest sense, primarily throughout Cumbria, but also throughout the World.
The Trust, through the Rotary Club of Furness, carries out these objectives through a number of community based activities designed to raise awareness of needs, whilst at the same time raising funds to be donated to the needy causes.
STRUCTURE AND GOVERNANCE
The Trust was established by a Trust Deed dated 30 July 2009.
The Trustees of the Trust are:
Geoffrey M James Graham Postlethwaite Martin McLeavy David Salt
Whilst the Board of Trustees is the ultimate responsible body of the organisation, the decisions relating to the allocation of the monies raised are made by a Committee made up of the Trust’s trustees, and various members of the Rotary Club of Furness.
Events which result in monies being donated to Trust are arranged by the Rotary Club of Furness, which retains the legal and fiscal responsibility for those events.
Trustees remain responsible for the following financial matters:
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the preparation of financial statements for each year, in accordance with applicable law and regulations, to provide a true and fair view of the Trust’s financial activities for the year.
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the maintenance of proper accounting records in accordance with the requirements of the Charities Act 2011.
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the safeguarding of the assets of the Trust
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ensuring that donations are made in accordance with the terms of the Trust Deed.
REVIEW OF ACTIVITIES & FINANCIAL REVIEW
During the year the Rotary Club of Furness organised a number of events for the purposes of raising funds for the Trust, the main event being the Tour de Furness Cycle Ride.
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THE ROTARY CLUB OF FURNESS CHARITABLE TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024
a) Tour de Furness
This sponsored cycle ride through the districts of Furness and South Lakeland consists of a number of alternative marshalled rides the longest being a 50mile ride through the countryside from Barrow to Coniston village and back.
Riders nominate charities, either their own preference, St. Mary’s Hospice, Ulverston, or Rotary Charities and distributions to rider nominated charities benefitted:
St. Mary’s Hospice £6,000 Rider’s nominated charities £2,918
- b) Other Events
Various other events, together with donations given to the Trust, raised a further £16,366.
In total therefore, £31,197 was raised, before deducting running costs of £8,437 and charitable donations of £23,977. The balancing factor was an decrease of £1,217 in fund balances that decreased the brought forward figure of £15,043 to an end of year balance of £13,826.
RESERVES
It is the policy of the Trust to broadly match the charitable donations made with the income it generates in any year. As a result it does not aim to keep large balances on a long term basis.
The only exception to this is in relation to the main ongoing annual event, the Tour de Furness, where a working balance of approximately £4,000 is needed in order to provide a buffer to cover the expected running costs before income is generated.
PUBLIC BENEFIT
In planning and carrying out the Trust’s activities, the Trustees are aware that such activities must be for the Public Benefit. The Trustees are of the opinion that having regard to the donations made by the Trust, the public benefit can be well demonstrated.
APPROVAL
The accounts have been approved by the Trustees.
On behalf of the Trustees
...............................................
G Postlethwaite - Trustee
8[th] April 2025 Date:
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THE ROTARY CLUB OF FURNESS CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2024
| Income and Expenditure Account Incoming Resources Voluntary Income Donations received Charitable Activities and Events Tour de Furness Other Events Investment Income Bank Deposit Interest Total Incoming Resources Resources Expended Charitable Donations Tour de Furness Others Expenses Related to Charitable Activities Total Resources Expended Net Incoming/(Outgoing) Resources Transfer between funds Fund Balances brought forward Fund Balances at 30 June 2023 |
Note 2 3 3 6 4 5 5 6 6 6 |
2024 2023 Unrestricted Restricted Total Total £ £ £ £ 16,366 - 16,366 12,557 14,831 - 14,831 21,889 - - - - - - - - 31,197 - 31,197 34,446 - 23,977 23,977 29,188 - - - - - 23,977 23,977 29,188 8,437 - 8,437 5,657 8,437 23,977 32,414 34,845 22,760 (23,977) (1,217) (399) (23,977) 23,977 - - 15,043 - 15,043 15,442 13,826 - 13,826 15,043 |
|---|---|---|
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THE ROTARY CLUB OF FURNESS CHARITABLE TRUST
BALANCE SHEET AS AT 30 JUNE 2024
| Fixed Assets Current Assets Bank Balances: Tour de Furness General Charity account Cash in hand Creditors - Falling Due Within One Year Net Current Assets Total Net Assets Represented by: Fund Balances: Unrestricted: General Charity Fund Restricted: Tour de Furness Total Funds |
Note 6 6 |
£ 10,945 2,718 163 13,826 - |
2024 2023 £ £ - - 10,603 4,146 294 15,043 - 13,826 15,043 13,826 £ 15,043 £ 13,826 15,043 - - 13,826 £ 15,043 £ |
|---|---|---|---|
These accounts were approved by the Trustees on 8[th] April 2025 and signed on their behalf by:
............................................................ ............................................................ G Postlethwaite - Trustee D Salt - Trustee
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THE ROTARY CLUB OF FURNESS CHARITABLE TRUST
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2024
1. ACCOUNTING POLICIES
1.1 Basis of Accounting
The accounts are prepared under the historical cost convention. The accounts have been prepared in accordance with applicable accounting standards, the Statement of Recommended Practice “Accounting and Reporting by Charities” issued in March 2005 (SORP 2015) and the Charities Act 2011.
1.2 Incoming Resources
All income is accounted for on an accruals basis. This is to say it is included in the accounts of the year in which the activity, to which it relates, was held. The income is shown gross, with any associated costs included in Expenses Related to Charitable Activities. Voluntary income represents donations received by the Trust, not connected with a particular fund raising event.
Income arising for charitable activities and events represents monies raised through running and arranging particular events.
1.3 Resources Expended
All expenditure is accounted for on an accruals basis. That is to say it is included in the accounts of the year in which the activity to which it relates was held, irrespective of when the expenditure was actually paid out.
Charitable Donations paid out represents donations made to various charities and other causes for which monies have been raised.
Expenses Related to Charitable Activities represent the costs associated with putting on the various fund raising events.
1.4 Restricted Funds
Restricted funds represent monies raised which can only be used for the specific purposes stipulated by the donors. Expenditure which meets this criteria is identified to each restricted fund.
1.5 Unrestricted Funds
Unrestricted funds represent monies received which can be used for general charitable purposes defined by the Trustees.
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THE ROTARY CLUB OF FURNESS CHARITABLE TRUST
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2024
| 2. 3. |
DONATIONS RECEIVED Donations Gift Aid D Fisher - Operation Smile Blackwell Sailing Collection Jars RIBI projects grant K2B contribution Rotary Foundation Santa Dash Barrow Peninsular contribution for St Pius Ukraine Appeal CHARITABLE EVENTS Tour de Furness Cycle Ride Entry Fees Donations Commercial Sponsorship Food sales |
£ 7,671 2,871 1,500 1,250 1,031 843 700 400 100 - - 16,366 85 6,005 8,700 41 14,831 Unrestricted |
Restricted £ - - - - - - - - - - - - - - - - - |
2024 2023 Total Total £ £ 7,671 7,740 2,871 - 1,500 900 1,250 - 1,031 - 843 1,100 700 700 400 1,000 100 567 - 500 - 50 16,366 12,557 85 - 6,005 1,015 8,700 20,874 41 - 14,831 21,889 |
|---|---|---|---|---|
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THE ROTARY CLUB OF FURNESS CHARITABLE TRUST
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2024
| 4. | 2024 2023 Restricted Total Total £ £ £ £ CHARITABLE DONATIONS– TOUR DE FURNESS From Tour de Furness Nominated by Riders: St Mary's Hospice - 6,000 6,000 5,500 Barrow Inner Wheel - 820 820 798 NHS Morecambe Bay Hospitals - 584 584 - Rotary Club of Barrow in Furness - 538 538 648 Rotary Club of Furness Peninsular - 300 300 300 Friends of Sandside - 260 260 - FARS Support - 220 220 200 Women's Community Matters - 104 104 100 North West Air Ambulance - 52 52 120 St John's Hospice - 40 40 - Others in 2023 - no direct comparison - - - 1,323 - 8,918 8,918 8,989 Unrestricted |
|---|---|
| From Tour de Furness Nominated by Riders: St Mary's Hospice Barrow Inner Wheel NHS Morecambe Bay Hospitals Rotary Club of Barrow in Furness Rotary Club of Furness Peninsular Friends of Sandside FARS Support Women's Community Matters North West Air Ambulance St John's Hospice Others in 2023 - no direct comparison |
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THE ROTARY CLUB OF FURNESS CHARITABLE TRUST
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2024
| 4. | Restricted £ £ CHARITABLE DONATIONS– TOUR DE FURNESS (continued) From Tour de Furness Nominated by The Rotary Club of Furness St Mary's Hospice - 2,681 Blackwell Sailing Club - 2,440 Furness Homeless Supoort Group - 1,500 Operation Smile, UK - 1,500 Ukraine Appeal - 999 Furness RUFC Post Protectors - 700 Aquabox - 600 Shelter Box - 590 Barrow Island Primary School - 504 Bay Hospital Charities - 500 Furness First Aiders - 300 Walney School - 255 Alzheimers Society - 250 Duddon Inshore Rescue - 250 Girl Guiding Cumbria South - 250 Munchkins - 250 Sandside School - 250 Greengate Junior School - 249 Ormsgill Nursery & Primary School - 223 Barrow Inner Wheel - 183 Rotary Rotafest - 150 Air Cadets Shield - 112 Derian House - 100 Furness Model Railway Club Christmas Lights - 75 Royal British Legion - 50 Rotary Club of Chelmer Bridge - 39 Furness Cavaliers - 35 Rotary Club of Lindum Lincoln - 24 Others in 2023 - no direct comparision - - - 15,059 Unrestricted |
Restricted £ £ CHARITABLE DONATIONS– TOUR DE FURNESS (continued) From Tour de Furness Nominated by The Rotary Club of Furness St Mary's Hospice - 2,681 Blackwell Sailing Club - 2,440 Furness Homeless Supoort Group - 1,500 Operation Smile, UK - 1,500 Ukraine Appeal - 999 Furness RUFC Post Protectors - 700 Aquabox - 600 Shelter Box - 590 Barrow Island Primary School - 504 Bay Hospital Charities - 500 Furness First Aiders - 300 Walney School - 255 Alzheimers Society - 250 Duddon Inshore Rescue - 250 Girl Guiding Cumbria South - 250 Munchkins - 250 Sandside School - 250 Greengate Junior School - 249 Ormsgill Nursery & Primary School - 223 Barrow Inner Wheel - 183 Rotary Rotafest - 150 Air Cadets Shield - 112 Derian House - 100 Furness Model Railway Club Christmas Lights - 75 Royal British Legion - 50 Rotary Club of Chelmer Bridge - 39 Furness Cavaliers - 35 Rotary Club of Lindum Lincoln - 24 Others in 2023 - no direct comparision - - - 15,059 Unrestricted |
2024 2023 Total Total £ £ 2,681 - 2,440 300 1,500 1,000 1,500 900 999 2,700 700 - 600 600 590 - 504 250 500 - 300 - 255 - 250 - 250 - 250 - 250 - 250 - 249 - 223 250 183 - 150 - 112 - 100 100 75 - 50 - 39 - 35 - 24 82 - 14,017 15,059 20,199 |
2023 Total |
|---|---|---|---|---|
From Tour de Furness Nominated by The Rotary Club of Furness St Mary's Hospice Blackwell Sailing Club Furness Homeless Supoort Group Operation Smile, UK Ukraine Appeal Furness RUFC Post Protectors Aquabox Shelter Box Barrow Island Primary School Bay Hospital Charities Furness First Aiders Walney School Alzheimers Society Duddon Inshore Rescue Girl Guiding Cumbria South Munchkins Sandside School Greengate Junior School Ormsgill Nursery & Primary School Barrow Inner Wheel Rotary Rotafest Air Cadets Shield Derian House Furness Model Railway Club Christmas Lights Royal British Legion Rotary Club of Chelmer Bridge Furness Cavaliers Rotary Club of Lindum Lincoln Others in 2023 - no direct comparision |
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
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THE ROTARY CLUB OF FURNESS CHARITABLE TRUST
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2024
| 5. | Unrestricted £ EXPENSES RELATED TO CHARITABLE ACTIVITIES Tour de Furness: Prizes 1,500 Medals, Certificates, Trophies & Mugs 730 Publicity Material & Postage 109 Signs, numbers & sundry equipment 610 Website Costs 144 Refreshments etc for riders 1,706 Roose Conservative Club - Use of Facilities 1,100 Roose Bowling Club - Electricity 45 Van Hire 465 Travel expenses - Accountancy fees 780 Other expenses - Other Club account K2B 700 Queen's Jubilee Oak Tree - Cando FM PA Services 250 Santa Dash expenses 55 2 wreaths - Remembrance Sunday - Young Chef competition expenses 85 Bank charges 158 8,437 |
Restricted £ - - - - - - - - - - - - - - - - - - - - |
2024 Total £ 1,500 730 109 610 144 1,706 1,100 45 465 - 780 - 700 - 250 55 - 85 158 8,437 |
2023 Total £ 1,350 130 403 24 95 414 1,070 40 474 47 852 13 - (135) - 675 37 10 158 |
|---|---|---|---|---|
| Tour de Furness: Prizes Medals, Certificates, Trophies & Mugs Publicity Material & Postage Signs, numbers & sundry equipment Website Costs Refreshments etc for riders Roose Conservative Club - Use of Facilities Roose Bowling Club - Electricity Van Hire Travel expenses Accountancy fees Other expenses Other Club account K2B Queen's Jubilee Oak Tree Cando FM PA Services Santa Dash expenses 2 wreaths - Remembrance Sunday Young Chef competition expenses Bank charges |
||||
| 5,657 |
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THE ROTARY CLUB OF FURNESS CHARITABLE TRUST
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2024
| 6. | FUNDS a) Unrestricted Funds General Charity Fund b) Restricted Funds Tour de Furness Fund |
Balance 30.06.2023 £ 15,043 15,043 - - |
Incoming Resources £ 31,197 31,197 - - |
Outgoing Resources £ (8,437) (8,437) (23,977) (23,977) |
Fund Transfers Balance 30.06.2024 £ £ (23,977) 13,826 (23,977) 13,826 23,977 - 23,977 - |
||
|---|---|---|---|---|---|---|---|
| a) b) |
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The Tour de Furness Fund represents income received, and donations paid out to charities, in relation to the annual Charity Cycle Ride organised by Furness Rotary Club. Many riders are sponsored for particular charities, and the income is therefore Restricted, but a proportion of the monies raised is set aside for charities to be nominated by the Rotary Cub. These monies, which are initially banked into the Tour de Furness bank account, are not classed as restricted income, and are therefore transferred to the General Charity Fund, from where they are transferred back to the restricted fund prior to disbursement. In addition, any excess of entry fees and commercial sponsorship, after the payment of event expenses, are similarly treated as unrestricted income.
7. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Unrestricted: - General Charity Account - Tour de Furness |
Cash & Bank Balances £ 13,826 - 13,826 |
Cash & Bank Balances £ 13,826 - 13,826 |
Debtors £ - - - |
Creditors Total £ £ - 13,826 - - - 13,826 |
Total | ||
|---|---|---|---|---|---|---|---|
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THE ROTARY CLUB OF FURNESS CHARITABLE TRUST
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES
I report on the accounts of the Trust for the year ended 30 June 2024 which are set out on pages 4 to 11.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the Act) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 145 of the Act;
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follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the Act; and
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state whether particular matters have come to my attention.
Basis of independent examiner's statement
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, 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 audit, and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
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1 which gives me reasonable cause to believe that, in any material respect, the requirements:
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to keep accounting records in accordance with section 130 of the Act; and
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to prepare accounts which accord with the accounting records
have not been met; or
- 2 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
............................................................. Simon Oram FCCA Date: 8[th] April 2025 Melville & Co Chartered Certified Accountant 17-18 Trinity Enterprise Centre Ironworks Road Barrow in Furness LA14 2PN
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