SHERBORNE CLASSIC CARS CIO
Registered Charity Number 1172969
Annual Report of Trustees
For the Year Ended 31[st] December 2020
- PURPOSE The Purpose (Object) of the CIO (Charitable Incorporated Organisation) is for the public benefit to advance exclusively charitable purposes (according to the laws of England and Wales) that from time to time the Trustees see fit.
2. FUNDING PRIORITIES
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2.1 The Trustees recognise that the number of projects which can be
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supported is, of necessity, limited by the amount of funds available for distribution each year. The Trustees’ principal funding priorities are to support one major charity, which may be a national charity, and after that only charities with a location within 30 miles of Sherborne, Dorset. 2.2 The Trustees may occasionally award grants that fall outside the priorities stated in this policy provided they are satisfied that the grant will further the Object and is an appropriate use of the Charity’s funds. 2.3 The amount distributed in any year may not be taken as a guide to the amount that may become available for distribution in a subsequent year.
3. TRUSTEES and terms of office
| Name of Trustee | Representing organisation or Independent |
Retirement year at the conclusion of the AGM* |
|---|---|---|
| Andrew Ernest Davies |
Rotary Club of Brue Valley |
2021 |
| Neil James Bright | Rotary Club of Sherborne Castles |
2020 |
| Nigel Edmond Young | RotaryClub of Yeo Vale | 2022 |
| Mark Jonathan Main | Independent | 2022 |
|---|---|---|
| Andrew John Wakinshaw |
Independent | Resigned 29.03.19 |
| Lesley Hamilton | Independent. Elected 21.10.19 |
2022 |
* Trustees maybe re-elected for one further term of 3 years.
- SOURCE OF FUNDS. The charity normally receives funds donated to it by Sherborne Classic and Supercars Ltd, a wholly-owned subsidiary, from monies raised at the Sherborne Classic and Supercar show. However, due to Covid19 restrictions no show took place in the year 2020 so the income was small.
5. AMOUNT RECEIVED AND BENEFICIARIES. Income was £696.00 from the Sherborne Classic Cars Ltd.
Beneficiaries were Sherborne Classic Cars Ltd (£6,000) due to ‘disruption of activities’ as specified in the Accounts and £1656 to The Yeovil Hospital Breast Cancer Unit.
6. No accounts have been prepared as there were no financial transactions during the year as explained above
- THANKS. The Trustees would like to express their sincere thanks to Sherborne Classic and Supercars Ltd and through them their Organizing Committee, the volunteers from the Brue Valley, Sherborne Castles and Yeo Vale Rotary Clubs and the Yeovil Inner Wheel for their forbearance during 2020 when no Show was held.
N E Young
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- 2021
Sherborne Classlc Cars CIO Re8tstered Charlty Number: 1172969 Recelpts and payments accowrts For the year ended 31st December 2020 2020 2019 Recelpts Donatlon from Shert>orne aassk & &Jperc•rs Limited Totsi recelpts 6% 696 75,1XLI PJym•rts Oonatlons Total payments 7,656 7,656 Receipts le55 payments Cash funds last year end C41h lunds thls yew end {6.960) 16,(MXI £ 9,040 1S,(XKI £ 16,CKKI These accounts were approved by the trustees on 28th October 2021 and are $18ned on thelr behalf by: E. Davle5 Trustee The ao ovms I(% of the share capltal of Sherborne Classk & Supercars Llmlted vthlth. each year. runs a car show to ralse funds for the ao. The profits from the show are donated to the CIO whkh d15trlbutes these funds to charltles xcordln8 to the rules set out In the ao's con5tltutlon. All fvnds of the CIO •re unrestrlcted. The ao ts retsinln8 resffves Jud8ed suffklent to support the car show In the event of a bad financlal outcome due to events beyond the control of the show organlser& Sherborne Classlc Cars ao Is a charttable Incorporated or8anlsatlon constltuted and re81stered under the laws of En4land and Wales. whose re8lstered offlce Is Corton Ash, Corton Denham, Oor5et. DT9 4LS. As a result of the c¢xonavlrus pandemlc, the c•r thow planned for July 2020 dld not take plxe. Thls resultsd In loss bein8 made by Sherborne aa551c & Supercar5 Limlted 45 1 result of Irrecoverable costs necessadly Incurred prlor to the evenL Consequently, the ao was asked to donate funds to Sherborne aasslc & Supercars Limlted to avdd Its Insolvency and permlt the show to 80 ahead In future years. The car show dld not take place In 2021 elther but a show Is planned f(Y July 2022. The trustees hope that the car show and the ao can resume thelr successful fund-ralsin8 and charitable Ktivltle5 In due course. Donatlons were made to the followlng: Sherborne Classlc & Supercars Umlted Yeovll Hospltal Breast Cancer Unlt 1,656 £ 7.6S6 There Is only one pale to these accounts