**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|