2023-06-30-accounts

REGISTERED CHARITY NUMBER: 1138898

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

BRIGHTON & HOVE SOIREE ROTARY SETTLEMENT

Chariot House Limited Chartered Accountants 44 Grand Parade Brighton East Sussex BN2 9QA

BRIGHTON & HOVE SOIREE ROTARY SETTLEMENT

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

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Report of the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5
Notes to the Financial Statements 6 to 9
Detailed Statement of Financial Activities 10 to 11
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BRIGHTON & HOVE SOIREE ROTARY SETTLEMENT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2023

The trustees present their report with the financial statements of the charity for the year ended 30 June 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

To hold and apply the Trust Fund (and all other monies which may from time to time be received by the trustees) to apply capital and income thereof to or for the relief of the poor and needy or such other charitable purposes as the Brighton and Hove Soiree Rotary Club shall in a duly constituted meeting from time to time direct.

Investments

The Charles Staney investment funds were realised during the year releasing £20,293.91. There has been some delay in reinvesting the funds due to AML regulations. These are due to be reinvested in 2023 as soon as the new platform is up and running.

FINANCIAL REVIEW

Financial position

The accounts represent charitable fund-raising income and expenditure on charitable activities by the Brighton & Hove Soiree Settlement Trust.

Funds at year-end were £60,110 (2022: £69,942).

Total Gross Income for the period was £63,911 (2022: £53,483).

Total Expenditure on Charitable Activities amounted to £70,640 (2022: £41,272).

Reserves policy

As a small charity with minimal overheads and uncomplicated activities, the trustees have decided to keep in reserve approximately the amount of funds raised in the preceding financial year, plus a contingency of £10,000 to meet the needs of an unforeseen emergency or other unexpected need for funds. As a general policy long-term commitments for more than a year are not entered into, unless agreed by the Club Council.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number 1138898

Principal address

24 St Mary's Square Brighton BN2 1FZ

Trustees

Mrs G V Reed Mr I R Steel Ms M K Kirk (resigned 1/7/2022) Mr C P Baron

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BRIGHTON & HOVE SOIREE ROTARY SETTLEMENT

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 30 JUNE 2023

REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner Dr Shona F Wardrop C.A Chariot House Limited Chartered Accountants 44 Grand Parade Brighton East Sussex BN2 9QA

Bankers

HSBC Plc 125 Church Road Hove East Sussex BN3 2AN

Approved by order of the board of trustees on 21 March 2024 and signed on its behalf by:

Mr C P Baron - Trustee

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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BRIGHTON & HOVE SOIREE ROTARY SETTLEMENT

Independent examiner's report to the trustees of Brighton & Hove Soiree Rotary Settlement

I report to the charity trustees on my examination of the accounts of Brighton & Hove Soiree Rotary Settlement (the Trust) for the year ended 30 June 2023.

Responsibilities and basis of report

As the charity trustees of the Trust 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 Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all 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 Trust as required by Section 130 of the Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Dr Shona F Wardrop C.A The Institute of Chartered Accountants of Scotland

Chariot House Limited Chartered Accountants 44 Grand Parade Brighton East Sussex BN2 9QA

21 March 2024

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BRIGHTON & HOVE SOIREE ROTARY SETTLEMENT

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2023

Unrestricted Restricted funds funds Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 46,923 16,776 Investment income 2 212 - Total 47,135 16,776 EXPENDITURE ON Charitable activities Designated Donations 7,444 - Management and Administration expenditure 909 - Donations 31,676 19,830 Fundraising 10,781 - Total 50,810 19,830 Net gains/(losses) on investments (3,103) - NET INCOME/(EXPENDITURE) (6,778) (3,054) Transfers between funds 6 (4,074) 4,074 Net movement in funds (10,852) 1,020 RECONCILIATION OF FUNDS Total funds brought forward 69,942 - TOTAL FUNDS CARRIED FORWARD 59,090 1,020	2023 Total funds £ 63,699 212 63,911 7,444 909 51,506 10,781 70,640 (3,103) (9,832) - (9,832) 69,942 60,110	2022 Total funds £ 53,386 97 53,483 5,460 839 34,973 - 41,272 (4,606) 7,605 - 7,605 62,337 69,942

The notes form part of these financial statements

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BRIGHTON & HOVE SOIREE ROTARY SETTLEMENT

BALANCE SHEET

30 JUNE 2023

Unrestricted Restricted funds funds Notes £ £ FIXED ASSETS Investments 4 - - CURRENT ASSETS Cash at bank 59,822 1,020 CREDITORS Amounts falling due within one year 5 (732) - NET CURRENT ASSETS 59,090 1,020 TOTAL ASSETS LESS CURRENT LIABILITIES 59,090 1,020 NET ASSETS 59,090 1,020 FUNDS 6 Unrestricted funds Restricted funds TOTAL FUNDS	2023 Total funds £ - 60,842 (732) 60,110 60,110 60,110 59,090 1,020 60,110	2022 Total funds £ 23,397 47,955 (1,410) 46,545 69,942 69,942 69,942 - 69,942

The financial statements were approved by the Board of Trustees and authorised for issue on 21 March 2024 and were signed on its behalf by:

Mr C P Baron - Trustee

The notes form part of these financial statements

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BRIGHTON & HOVE SOIREE ROTARY SETTLEMENT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

The financial statements are prepared in sterling, which is the functional currency of the entity and are rounded to the nearest pound.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

2. INVESTMENT INCOME

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|||| |---|---|---| |2023|2022| |£|£| |Dividends|212|97|

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BRIGHTON & HOVE SOIREE ROTARY SETTLEMENT NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 June 2023 nor for the year ended 30 June 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 June 2023 nor for the year ended 30 June 2022.

4. FIXED ASSET INVESTMENTS

There were no investment assets outside the UK.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

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|||| |---|---|---| |2023|2022| |£|£| |Other creditors|732|1,410|

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6. MOVEMENT IN FUNDS

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|||||| |---|---|---|---|---| |Net|Transfers| |movement|between|At| |At 1/7/22|in funds|funds|30/6/23| |£|£|£|£| |Unrestricted funds| |General fund|47,681|(313)|(4,309)|43,059| |Designated funds|22,261|(6,465)|235|16,031| |69,942|(6,778)|(4,074)|59,090| |Restricted funds| |Brighton Table Tennis Club|-|20|-|20| |Turkish Earthquake Relief|-|500|500|1,000| |-|-| |Ukraine Emergency Relief|(3,574)|3,574| |-| |(3,054)|4,074|1,020| |TOTAL FUNDS|69,942|(9,832)|-|60,110|

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BRIGHTON & HOVE SOIREE ROTARY SETTLEMENT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023

6. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds General fund Designated funds	Incoming resources £ 46,156 979	Resources Gains and expended losses £ £ (43,366) (3,103) (7,444) -	Movement in funds £ (313) (6,465)
Restricted funds Brighton Table Tennis Club Turkish Earthquake Relief Ukraine Emergency Relief Pakistan Flood Relief	47,135 1,313 1,000 11,463 3,000	(50,810) (3,103) (1,293) - (500) - (15,037) - (3,000) -	(6,778) 20 500 (3,574) -
	16,776	(19,830) -	(3,054)
TOTAL FUNDS	63,911	(70,640) (3,103)	(9,832)
Comparatives for movement in funds Unrestricted funds General fund Designated funds		Net movement At 1/7/21 in funds £ £ 57,766 (10,085) 4,571 17,690	At 30/6/22 £ 47,681 22,261
		62,337 7,605	69,942
TOTAL FUNDS		62,337 7,605	69,942

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds General fund Designated funds	Incoming Resources Gains and resources expended losses £ £ £ 30,333 (35,812) (4,606) 23,150 (5,460) -	Movement in funds £ (10,085) 17,690
	53,483 (41,272) (4,606)	7,605
TOTAL FUNDS	53,483 (41,272) (4,606)	7,605

All funds are unrestricted funds and their movement is shown in the Statement of Financial Activities.

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BRIGHTON & HOVE SOIREE ROTARY SETTLEMENT NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023

7. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 June 2023.

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