Registered charity number: 11743
WINDSOR & ETON ROTARY CHARITY
Trustees' Report and Accounts for the year ended 30th June 2021
WINDSOR & ETON ROTARY CHARITY
Registered as a charity on 22nd August 2017. Registered Number 1174335
Trustees
G J Barlow P J Lock D F Osmond C M A Simon
Address
c/o 13 Malt House Close Old Windsor Berkshire SL4 2SD
Bankers
HSBC Bank Lloyds Bank 25 High Street Lewisham Branch Windsor PO Box 1000 Berkshire SL4 1LN Andover
Stockbroker
Charles Stanley & Co. Ltd. 55 Bishopsgate London EC2N 3AS
Independent Examining Accountant
S J Roper, FCA Chartered Accountant Lavendale House Broomfield Park Sunningdale Berks SL5 0JS
| Contents Trustees' Report Independent Examiner's Report Financial statements |
Page |
|---|---|
| 1 2 3 - 6 |
135
WINDSOR & ETON ROTARY CHARITY
Trustees' Report for the year ended 30th June 2021
Details of the Charity and its Trustees and Advisors are given on the previous page.
Structure, governance and management
Windsor & Eton Rotary Charity (the Charity) is constituted as a Charitable Incorporated Organisation and was registered as a charity on 22nd August 2017, Registered Charity number 1174335
The Charity is governed by a written constitution. The Trustees are the only members of the Charity and their initial periods of appointment are stated in the constitution. The Trustees manage the Charity's affairs.
Objectives and activities
The objects of the Charity are the relief of the poor and needy or for the benefit of such other charitable institutions, societies and objects as the Trustees shall, in duly constituted meeting, from time to time decide.
Funds are raised for the Charity by the members of the Rotary Club of Windsor and Eton. The main activity undertaken for the public benefit in relation to the Charity's objects is the making of grants. The Trustees have had regard to the guidance issued by the Charity Commission on public benefit and confirm that the charity meets the criteria.
Achievements and performance
The Charity paid out £24,836 in grants and donations during the year. These grants covered a wide range of worthy causes, as disclosed in the accounts, in response to both crises and short and longer term needs locally, nationally and internationally.
For a second year the main fund raising activities, the Summer Fayre and Duck Race,could not be held due to the Covid-19 pandemic. The only fund-raising event that did take place in the year was a Christmas quiz.
The Charity continued to receive donations from Rotary Club members and others, in response to the Covid 19 pandemic, to support Windsor Foodshare and Windsor Homeless projects. The Trustees oversee investment strategy, taking advice from their stockbroker as necessary. There were no changes to the Charity's investment portfolio in the period. The market value of the portfolio increased by 17.0% (£30,150) in the period and yielded £7,395 in dividends. Currently only the income from the portfolio is available to the general fund from which all payments of general fund grants are made.
Financial review
The Trustees do not have a numerical policy on reserves; simply to hold a balance of funds that enable a rapid response to emergency needs and, also, to grant towards applications for help from local, national and international causes.
The reserves (i.e. the net asset value) at 30th June 2021 stood at £249,992 of which £39,826 related to the General Fund and the Trustees confirm that is adequate for the policy stated above. The Trustees are not aware of any financial risks to which the Charity is exposed other than the possible reduction in market value of the investment portfolio.
Declaration
The Trustees declare that they have approved the Trustees' Report above.
Signed on behalf of the Charity's Trustees
C M A Simon Date: 20th September 2021 Chairman of the Trustees
Page 4
WINDSOR & ETON ROTARY CHARITY
Independent Examiner's Report to the Trustees of Windsor & Eton Rotary Charity
I report to the trustees on my examination of the accounts of Windsor & Eton Rotary Charity ('the Charity') for the year ended 30th June 2021
Responsibilities and basis of report
As the charity trustees of Windsor & Eton Rotary Charity 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 Charity's accounts carried out under se of the Act and in carrying out my examination I have followed all the applicable D 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 material respect:
-
accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
-
the accounts do not accord with those records.
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 p understanding of the accounts to be reached.
S J Roper, FCA Date: 23rd September 2021 Chartered Accountant Lavendale House Broomfield Park Sunningdale Berks SL5 0JS
Page 2
ction 145 irections any )roper Page 3
WINDSOR & ETON ROTARY CHARITY
RECEIPTS & PAYMENTS ACCOUNT
Year ended 30th June 2021
| Receipts Donations Fund raising income Dividends from investments Bank interest Sub total Investment sales Proceeds of sales of investments Sub total Total receipts Payments Fund raising costs Charitable activities Investment management charges Bank charges Total payments Net of receipts/(payments) Transfers between funds Cash funds at 30th June 2020 Cash funds at 30th June 2021 STATEMENT OF ASSETS AND LIABILITIES 30th June 2021 Cash funds Balance at bankers Balance at stockbrokers Other monetary assets Debtors and prepayments Investments Investments at market value Liabilities Creditors and accruals Net asset value at 30th June 2021 |
Note 3 4 4 5 Note 7 7 |
Unrestricted Funds General Designated £ £ 68 1,230 7,395 4 - 1,302 7,395 - - - - 1,302 7,395 60 12,807 1,211 - - 12,867 1,211 (11,565) 6,184 7,638 (7,395) 43,753 3,530 39,826 2,319 ======= ======== Unrestricted Funds General Designated £ £ 39,826 - 2,319 39,826 2,319 - 319 - 207,048 - - 39,826 209,686 ======= ======== |
Unrestricted Funds General Designated £ £ 68 1,230 7,395 4 - 1,302 7,395 - - - - 1,302 7,395 60 12,807 1,211 - - 12,867 1,211 (11,565) 6,184 7,638 (7,395) 43,753 3,530 39,826 2,319 ======= ======== Unrestricted Funds General Designated £ £ 39,826 - 2,319 39,826 2,319 - 319 - 207,048 - - 39,826 209,686 ======= ======== |
Unrestricted Funds General Designated £ £ 68 1,230 7,395 4 - 1,302 7,395 - - - - 1,302 7,395 60 12,807 1,211 - - 12,867 1,211 (11,565) 6,184 7,638 (7,395) 43,753 3,530 39,826 2,319 ======= ======== Unrestricted Funds General Designated £ £ 39,826 - 2,319 39,826 2,319 - 319 - 207,048 - - 39,826 209,686 ======= ======== |
Restricted Funds £ 6,174 140 - |
Restricted Funds £ 6,174 140 - |
||
|---|---|---|---|---|---|---|---|---|
| General £ 68 1,230 4 |
||||||||
| 1,302 | 7,395 | 6,314 | ||||||
- |
- |
- |
||||||
| - | - | - | ||||||
| 1,302 | 7,395 | 6,314 | ||||||
60 12,807 - |
1,211 - |
1,680 12,029 - |
||||||
| 12,867 | 1,211 | 13,709 | ||||||
(11,565) 7,638 43,753 |
6,184 (7,395) 3,530 |
(7,395) (243) 16,378 |
||||||
= |
8,740 ======== Restricted Funds £ 8,740 - |
|||||||
| General £ 39,826 - |
||||||||
| 39,826 | 2,319 |
8,740 | ||||||
- |
319 |
- |
||||||
| - | 207,048 | - | ||||||
| - | - |
8,260 | ||||||
= |
39,826 ======= |
209,686 ======== |
== |
480 ====== |
These financial statements were approved by the Trustees on 20th September 2021 and signed on t
C M A Simon, Trustee
P J Lock, Trustee
3
WINDSOR & ETON ROTARY CHARITY
NOTES TO THE ACCOUNTS
Year endedo 30th June 2021
1. Basis of preparation
These accounts have been prepared as Receipts and Payments Accounts under S.133 of the Char
2. Accounting policies
2.1 Fund accounting
The charity maintains various types of funds as follows:
Unrestricted funds : divided into
- Designated Funds are amounts which have been put aside out of the unrestricted funds at the the Trustees. They comprise a fund to be invested and currently only the investment income to - General Unrestricted Funds represent resources which are expendable at the discretion of th in the furtherance of the objects of the charity.
Restricted funds:
- Funds donated or raised for specific purposes.
3. Donations received
Restricted funds
Windsor Foodshare
Windsor Homeless
Unrestricted funds
Rotary Club of Celle Christmas Carols collection Rotary District 1090 (towards Dictionaries for Life) Other collections and donations
Total
| 4. Fund Raising Events Restricted funds: For The Prince Philip Trust Fund Ascot Racecourse collection 2019 Ascot Raceday 2020 (cancelled) Unrestricted funds: Windsor Summer Fayre - 2019 Duck Race - 2019 Golf Day Quizzmas |
Gross Receipts £ - 140 |
= Gross Payments £ - 1,680 1,680 ======= - - - 60 60 ======= |
||
|---|---|---|---|---|
== |
140 ====== - 200 - 1,030 |
= |
||
== |
1,230 ====== |
= |
4
WINDSOR & ETON ROTARY CHARITY
NOTES TO THE ACCOUNTS (continued)
Year endedo 30th June 2021
5. Charitable Activities
5.1 Activities
From: Unrestricted funds
Youth Speaks competitions
5.2 Grants and Donations
From: Restricted funds
The Prince Philip Trust Fund Windsor & Eton District Scout Council (from Windsor 41 Club fund) Windsor Foodshare Windsor Homeless
From: Unrestricted funds
To Individuals: 0 (2020- 0) To Organisations: Alexander Devine Hospice British Red Cross - India British Red Cross - Lebanon Burnham Grammar School UNIFI project Daisy's Dream Drum Uganda Global Sight Solutions Learning 4 Life Macmillan Windsor Cancer Support Mercy Ships Rainbow Childrens Home (Nepal) Rotary Club of Easthampstead - Sand Dams Rotary Foundation UK Shelterbox Trust Thames Hospice UNICEF UK - Bangladesh UNICEF UK - Yemen Windsor Boys' School Windsor Christian Action Windsor Festival Windsor Foodshare 12 (2020 - 12) other grants of less than £500
Total for Charitable Activities
=
5
WINDSOR & ETON ROTARY CHARITY
NOTES TO THE ACCOUNTS
Year endedo 30th June 2021
| 6. Restricted Funds Brought fwd Receipts Payments Note £ £ £ Prince Philip Trust Fund A 15,625 140 7,262 Windsor 41 Club Fund 220 - - Windsor Foodshare 533 5,511 5,784 16,378 5,651 13,046 ======== ======== ======== Note A: 10% of the net funds raised are transferred to the charity's General Fund with the agreem 7. Investments 30.6.2021 Market Cost value £ £ Monies awaiting investment 2,319 2,319 Quoted securities - equities 161,807 207,048 164,126 209,367 ======== ======== |
Brought fwd £ 15,625 220 533 |
Receipts £ 140 - 5,511 |
Payments £ 7,262 - 5,784 |
Payments £ 7,262 - 5,784 |
||
|---|---|---|---|---|---|---|
| Cost £ 2,319 161,807 |
||||||
164,126 ======== |
== |
209,367 ====== |
6
| Total £ 6,242 1,370 7,395 4 |
2020 £ 7,136 51,569 7,342 90 |
||
|---|---|---|---|
| 15,011 | 66,137 | ||
- |
4,539 |
||
| - | 4,539 |
||
| 15,011 | 70,676 |
||
1,740 24,836 1,211 - |
31,039 21,604 1,009 50 |
||
| 27,787 | 53,702 | ||
(12,776) - 63,661 |
16,974 - 46,687 |
||
== |
50,885 ====== |
== |
63,661 ====== |
| Total £ 48,566 2,319 |
2020 £ 60,131 3,530 |
||
|---|---|---|---|
50,885 |
63,661 |
| 319 | 630 |
|---|---|
| 207,048 | 176,898 |
8,260 |
10,500 |
249,992 ======== |
230,689 ======== |
their behalves by:
7
rities Act 2011.
e discretion of be expended. e Trustees
| £ 5,511 663 |
2020 £ 4,833 - |
|
|---|---|---|
| 6,174 | 4,833 | |
- - - 68 |
879 350 500 574 |
|
| 68 | 2,303 | |
| 6,242 ======== |
=== |
7,136 ===== |
| Net £ - (1,540) |
2020 £ 1,200 15,625 |
|
|---|---|---|
| (1,540) ======== - 200 - 970 |
=== |
16,825 ===== 315 2,380 1,010 - |
| 1,170 ======== |
=== | 3,705 ===== |
8
2020 £ £ - 482
| 5,582 - 5,784 663 |
1,080 500 4,300 - |
|---|---|
| 12,029 | 5,880 |
500 500 1,000 550 500 1,000 500 1,000 750 500 1,000 713 1,270 500 2,500 2,500 1,000 651 500 500 2,000 1,500 500 850 250 2,094 2,921 12,807 15,242
24,836 21,604 ======== ========
9
Transfers Carried fwd £ £ (243) 8,260 - 220 - 260 (243) 8,740 ======== ======== ent of the PPTF.
30.6.2020
Market Cost value £ £ 3,530 3,530 161,807 176,898 165,337 180,428 ======== ========
10
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