## **SHERBORNE CLASSIC CARS CIO** 

Registered Charity Number 1172969 

## **Annual Report of Trustees** 

## **For the Year Ended 31[st] December 2020** 

1. **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** 

- 2.1 The Trustees recognise that the number of projects which can be 

- 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**<br>**organisation or**<br>**Independent**|**Retirement year at the**<br>**conclusion of the**<br>**AGM***|
|---|---|---|
|Andrew Ernest<br>Davies|Rotary Club of Brue<br>Valley|**2021**|
|Neil James Bright|Rotary Club of<br>Sherborne Castles|**2020**|
|Nigel Edmond Young|RotaryClub of Yeo Vale|**2022**|





|Mark Jonathan Main|Independent|**2022**|
|---|---|---|
|Andrew John<br>Wakinshaw|Independent|**Resigned 29.03.19**|
|Lesley Hamilton|Independent. Elected<br>21.10.19|**2022**|



***** Trustees maybe re-elected for one further term of 3 years. 

4. **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 

7. **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 

26. 10. 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