2023-06-30-accounts

Charity registration number: 1179602

Burnley Rotary Club CIO

Annual Report and Financial Statements for the Year Ended 30 June 2023

KM 1st Floor, Block C The Wharf Manchester Road Burnley Lancashire BB11 1JG

Burnley Rotary Club CIO

Contents

Reference and Administrative Details	1
Trustees' Report	2 to 3
Independent Examiner's Report	4
Statement of Financial Activities	5
Balance Sheet	6
Notes to the Financial Statements	7 to 9

Burnley Rotary Club CIO

Reference and Administrative Details

Trustees Mr C Allison Mr P F Baldwin Mr N Beecham Mr G J Kay Mr I Mckay Mr G Salthouse Charity Registration Number 1179602 Principal Office 1st Floor, Block C The Wharf Manchester Road Burnley Lancashire BB11 1JG Independent Examiner KM 1st Floor, Block C The Wharf Manchester Road Burnley Lancashire BB11 1JG

Page 1

Burnley Rotary Club CIO

Trustees' Report

The trustees present the annual report together with the financial statements of the charity for the year ended 30 June 2023.

Paragraph

Mr C Allison

Mr P F Baldwin

Mr N Beecham

Mr G J Kay

Mr I Mckay Mr G Salthouse

Objectives and activities

The charity was registered as a Foundation CIO on 20 August 2018. The objects as per the constitution are:

The relief of the poor and those in need by reasons of youth, age, ill health, disability, financial hardship or such other disadvantage or such other charitable purposes as the trustees may from time to time direct.

The charity achieves those objectives primarily through the publication of "Morgan's Historic and Classic Vehicle Events Yearbook".

Review of the Year

The 2023 edition of Morgan’s Year Book has continued to maintain its sale and due to an advertising campaign is now spreading beyond our borders. This year we have managed to cover the cost of increased postal charges by additional display advertising.

Our thanks go to the production team who dedicate hundreds of hours all year round to the success of the year book.

Charitable donations of £10,114 were made in the year to local, national and international causes.

The trustees are pleased with the performance of the charity this year and look forward to being able to support more charitable causes in the coming year.

Public benefit

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Reserves and risk management

The income, which includes book sales, advertising and donations, is applied firstly to the costs of producing the yearbook secondly to retaining working capital for the charity and finally to provide funds for grants and donations to local, national and international charities.

Risks are considered by the trustees.

Page 2

Burnley Rotary Club CIO

Trustees' Report (continued)

Structure, governance and management

The charity is governed by its constitution dated 20 August 2018. There are six trustees appointed. Regular meetings are held as needed.

Mr C Allison, Trustee, received payments from the charity for provision of printing, delivery and publishing services amounting to £8,582. This is permitted by the constitution.

The annual report was approved by the trustees of the charity on 25 April 2024 and signed on its behalf by:

......................................... Mr P F Baldwin Trustee

Page 3

Burnley Rotary Club CIO

Independent Examiner's Report to the trustees of Burnley Rotary Club CIO

I report to the trustees on my examination of the accounts of Burnley Rotary Club CIO for the year ended 30 June 2023.

Responsibilities and basis of report

As the charity trustees of Burnley Rotary Club CIO 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 Burnley Rotary Club CIO's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the 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 Burnley Rotary Club CIO 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 accounting 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.

...................................... M R Heaton FCCA FCIE DChA KM 1st Floor, Block C The Wharf Manchester Road Burnley Lancashire BB11 1JG

25 April 2024

Page 4

Burnley Rotary Club CIO

Statement of Financial Activities for the Year Ended 30 June 2023

Note Income from: Donations 2 Charitable activities 3 Total income Expenditure on: Charitable activities 4 Total expenditure Net income/(expenditure) Gross transfers between funds Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 10	Unrestricted £ 243 22,589 22,832 (16,110) (16,110) 6,722 - 6,722 23,685 30,407	Restricted £ - - - (5,534) (5,534) (5,534) - (5,534) 6,161 627	Total 2023 £ 243 22,589 22,832 (21,644) (21,644) 1,188 - 1,188 29,846 31,034	Unrestricted £ 232 21,095 21,327 (12,993) (12,993) 8,334 (3,000) 5,334 18,351 23,685	Restricted £ 4,925 - 4,925 (1,764) (1,764) 3,161 3,000 6,161 - 6,161	Total 2022 £ 5,157 21,095
						26,252
						(14,757)
						(14,757)
						11,495 -
						11,495 18,351
						29,846

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2022 is shown in note 10.

The notes on pages 7 to 9 form an integral part of these financial statements. Page 5

Burnley Rotary Club CIO

(Registration number: 1179602) Balance Sheet as at 30 June 2023

Note Current assets Debtors 8 Cash at bank and in hand Creditors: Amounts falling due within one year 9 Net assets Funds of the charity: Restricted income funds Restricted funds Unrestricted income funds Unrestricted funds Total funds 10	2023 £ 3,865 27,611 31,476 (442) 31,034 627 30,407 31,034	2022 £ 2,171 28,064
		30,235 (389)
		29,846
		6,161 23,685
		29,846

The financial statements on pages 5 to 9 were approved by the trustees, and authorised for issue on 25 April 2024 and signed on their behalf by:

......................................... Mr P F Baldwin Trustee

The notes on pages 7 to 9 form an integral part of these financial statements. Page 6

Burnley Rotary Club CIO

Notes to the Financial Statements for the Year Ended 30 June 2023

1 Accounting policies

Statement of compliance

The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Basis of preparation

Burnley Rotary Club CIO meets the definition of a public benefit entity under FRS 102.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Income and endowments

Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including independent examination, strategic management and trustees meetings and reimbursed expenses.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Page 7

Burnley Rotary Club CIO

Notes to the Financial Statements for the Year Ended 30 June 2023 (continued)

2 Income from donations

Donations 3 Income from charitable activities Book sales Book advertising	2023 £ 243 243 2023 £ 13,749 8,840 22,589	2022 £ 5,157
		5,157
		2022 £ 13,956 7,139
		21,095

4 Expenditure on charitable activities

Unrestricted

Book production and royalties Charitable donations Governance costs	General £ 10,886 4,580 644 16,110	Restricted £ - 5,534 - 5,534	Total 2023 £ 10,886 10,114 644 21,644	Total 2022 £ 9,371 4,944 442
				14,757

5 Trustees remuneration and expenses

During the year the charity made the following transactions with trustees:

Mr C Allison

£8,582 (2022: £7,266) of expenses were reimbursed to Mr C Allison during the year.

These payments from the charity were for printing, delivery and publishing services and are permitted by the constitution.

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.

No trustees have received any other benefits from the charity during the year.

6 Independent examiner's remuneration

Examination of the financial statements

2023		2022
£		£
	416		340

Page 8

Burnley Rotary Club CIO

Notes to the Financial Statements for the Year Ended 30 June 2023 (continued)

7 Taxation

The charity is a registered charity and is therefore exempt from taxation.

8 Debtors

8 Debtors
Trade debtors 9 Creditors Trade creditors Accruals 10 Funds Unrestricted funds General fund Restricted funds Ukraine fund Total funds Unrestricted funds General Restricted funds Total funds	2023 £ 2022 £ 3,865 2,171 2023 £ 2022 £ - 55 442 334 442 389 Balance at 1 July 2022 £ Incoming resources £ Resources expended £ Balance at 30 June 2023 £ 23,685 22,832 (16,110) 30,407 6,161 - (5,534) 627 29,846 22,832 (21,644) 31,034 Balance at 1 July 2021 £ Incoming resources £ Resources expended £ Transfers £ Balance at 30 June 2022 £ 18,351 21,327 (12,993) (3,000) 23,685 - 4,925 (1,764) 3,000 6,161 18,351 26,252 (14,757) - 29,846	2022 £ 2,171
		2022 £ 55 334
		389
		Balance at 30 June 2023 £ 30,407 627
			31,034
			Balance at 30 June 2022 £ 23,685 6,161
			29,846

Page 9