Bournemouth North Rotary Benevolent Fund CIO Registered No: 1190882
Financial Accounts for the year ended 30th June 2023
Bournemouth North Rotary Benevolent Fund CIO
Trustees Annual report for the year ended 30th June 2023
Address
The correspondence address of the charity is 8 St Luke’s Rd. Bournemouth BH3 7LT.
Trustees
The current trustees with their current roles and dates of appointment are:
MaBhew John Moore Chair 05/07/2022 Peter Reginald Avis Secretary 23/06/2020 John Owen Slade Treasurer 30/07/2020 Perry John Ellis Trustee 23/06/2020 David Andrew North Trustee 08/08/2023 Steven John Small Trustee 08/08/2023 John Richard Spurgeon Trustee 26/09/2023
The following trustees have resigned on the respecSve dates stated:
Michael Edwards 24/06/2023 Roger Deas 30/06/2023 Bronwyn Lister-Smith 30/06/2023 Stephen Maidment 30/06/2023 Stanley Webb 30/06/2023
All members of the CIO are also members of the Rotary Club of Bournemouth North. As members of the CIO they have the power, under the ConsStuSon to nominate by resoluSon persons within their own number to be appointed trustees of the CIO.
Governance
The CIO is governed by a consStuSon adopted by its members on 23rd June 2020 and registered with the Charity Commission on 17th August 2020 with the number 1190882. Its’ principal objects are the relief of the poor, sick and needy in Bournemouth, Christchurch and Poole and any other parts of the United Kingdom or elsewhere in the world or such other charitable purposes as the members of the CIO shall in duly consStuted meeSng direct.
Advisors
The stockbroker to the CIO is: The banker to the CIO is: Charles Stanley and Co Ltd. CAF Bank Ltd. 55 Bishopsgate 25 Kings Hill Ave London EC2N 3AS West Malling ME19 4JQ
Bournemouth North Rotary Benevolent Fund, CIO
Trustees Annual report for the year ended 30th June 2023
AcCviCes and achievements during the year
DonaSons have been made to various local and internaSonal chariSes. These are from funds that are generally unrestricted apart from a collecSon specifically for Macmillan Caring Locally and public collecSons for the Bournemouth Women's Refuge. AddiSonally, donaSons are made from investments acquired following the Marjorie Gordon bequest. The laBer are restricted to the eradicaSon of poliomyeliSs or such other disease as the trustee shall decide. In addiSon to that the trustees shall make available funds for the relief of poverty in Africa. and, in parScular, to ensure money is provided for the educaSon of children in Africa.
Decision-making
Members of the CIO work within a commiBee structure and will consider and will consider any applicaSon for a charitable grant within the CIO's objecSves which are widely drawn. Once any applicaSon is researched a recommendaSon is made to the trustees who then make grants and donaSons by majority decision, although they always aim for unanimous agreement.
Investment policy
The trustees seek a cauSous and safe investment approach for the Margery Gordon bequest. The pordolio is managed on a day-to-day basis by Charles Stanley, Stockbrokers. The trustees review performance with Charles Stanley at regular intervals.
Reserves
The trustees have developed plans to allow them to conSnue to make donaSons in the medium to long term. In line with the restricSons set out in the Marjorie Gordon request.
Major risks
There are no risks to the conSnuaSon of the trust.
The trustees approved this report on 17[th] April 2024.
Peter Avis, Secretary
BOURNEMOUTH NORTH ROTARY BENEVOLENT FUND CIO
STATEMENT OF ASSETS AND LIABILITIES AS AT 30TH JUNE 2023
| Fixed Assets Shares at market value Current Assets Debtors Charles Stanley cash account CAF bank account Adjustment Current LiabiliCes Creditors Total Current Assets Net Assets Funds of the Charity |
2023 £ Unrestricted 2,959 5,316 -500 -3,221 4,554 4,554 4,554 |
2023 £ Restricted 259,238 24,024 500 -500 24,024 283,262 283,262 |
|---|---|---|
BOURNEMOUTH NORTH ROTARY BENEVOLENT FUND CIO
STATEMENT OF INCOME AND EXPENDITURE FOR YEAR TO 30TH JUNE 2023
| Dona7ons Received Rotary partners Members' dona6ons 50/50 draw Tax refund outstanding Gross Proceeds from Ac7vi7es Genera7ng Funds BBQ Tea Party Cabaret evening Macmillan collec6on Kurling Tall stories Auc6on Christmas supermarket collec6ons Santa Express Easter supermarket collec6on President's night rafe Dividends Received Total Income Cost of Genera7ng Funds Stockbroker fees Bank charges BBQ Cabaret evening Kurling Supermarket collec6ons Santa express Tall stories Charitable Dona7ons Dona6ons (see notes 2 & 3 below) Total Expenditure |
2022/23 Unrestricted £ 1,050 430 1,058 |
2022/23 Restricted £ |
|---|---|---|
| 2,538 | ||
| 1,431 2,905 470 264 837 200 525 834 315 325 |
||
| 8,106 10,644 |
6,648 6,648 -3,469 -3,469 -10,000 -13,469 |
|
| -54 -1,428 -2,177 -156 -50 -373 |
||
| -4,238 -8,037 |
||
| -12,275 |
| Increase in the Value of Investments Decrease in Funds during the Year Funds Transfer Movement in Funds |
2022/23 Unrestricted £ |
2022/23 Restricted £ 2,359 -4,462 -4,462 |
|---|---|---|
| -1,631 | ||
| -1,631 |
BOURNEMOUTH NORTH ROTARY BENEVOLENT FUND CIO
NOTES TO THE ACCOUNTS FOR THE YEAR TO 30TH JUNE 2023
1. AccounCng Policies
These accounts have been prepared on an accruals basis.
| 2. Unrestricted DonaCons £ Medical DetecSon Dogs 100 Foodbank 1,213 Fernheath Sports 300 Kids Cancer 100 NaSonal Coastwatch 100 Wessex CIO 90 Park FoundaSon 50 Amelia Rainbow 200 Carers' Panto 763 Macmillan Caring Locally 600 Sussed 100 MS Society 800 W Howe Community 505 SalvaSon Army 400 Shelby Doorbell 119 Young Parents 250 Homestart 120 Kinson Xmas GroBo 200 Womens' Refuge 363 Young Musician 25 Youth Speaks 35 Life EducaSon 245 AIM Community 450 Kids Out 400 MySme Carers 310 Cherrytree 200 Total Non Restricted DonaCons 3. Restricted DonaCons African Adventures 3,000 Tools for Self-Reliance 5,000 Marys Meals 2,000 Total Restricted DonaCons |
|
|---|---|
| 8,037 | |
| 10,000 |