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2024-06-30-accounts

REGISTERED COMPANY NUMBER: CE023608 (England and Wales) REGISTERED CHARITY NUMBER: 1190882

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

BOURNEMOUTH NORTH ROTARY BENEVOLENT FUND

Carter & Coley Chartered Accountants 3 Durrant Road Bournemouth Dorset BH2 6NE

BOURNEMOUTH NORTH ROTARY BENEVOLENT FUND

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5 to 6
Balance Sheet 7 to 8
Notes to the Financial Statements 9 to 15

BOURNEMOUTH NORTH ROTARY BENEVOLENT FUND

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 30 JUNE 2024

TRUSTEES M J Moore
P R Avis (resigned 30/6/2024)
J O Slade
P J Ellis
D A North (appointed 8/8/2023)
S J Small (appointed 8/8/2023)
J R Spurgeon (appointed 26/9/2023) (resigned 31/12/2024)
REGISTERED OFFICE 8 St Luke's Road
Bournemouth
Dorset
BH3 7LT
REGISTERED COMPANY CE023608 (England and Wales)
NUMBER
REGISTERED CHARITY 1190882
NUMBER
INDEPENDENT EXAMINER Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE
ADVISERS The stockbroker to the CIO is Charles
Stanley and Co Ltd, 55 Bishopsgate,
London, EC4N 3AS
The banker to the CIO is CAF Bank Ltd,
25 Kings Hill Avenue, West Malling, ME19
4JQ

Page 1

BOURNEMOUTH NORTH ROTARY BENEVOLENT FUND

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The relief of the poor, sick and needy in Bournemouth, Christchurch, Poole and any other part of the United Kingdom or elsewhere in the World or for such other Charitable purposes as the members of the CIO shall in duly constituted meeting direct.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

Donations have been made to various local and international charities. These are from funds that are generally unrestricted apart from a collection specifically for Macmillan Caring Locally. Additionally, donations are made from investments acquired following the Marjorie Gordon bequest. This is a restricted fund and in line with the bequest donations were made to African Adventures, the Boo Charity, Mary's Meals, MS Centre, Shelter Box and the Rotary Club Marlow Thames for generators for Ukraine.

Investment performance

The trustees seek a cautious and safe investment approach for the Marjorie Gordon bequest. The portfolio is managed on a day-to-day basis by Charles Stanley Stockbrokers. The trustees review performance with Charles Stanley at regular intervals.

FINANCIAL REVIEW

Reserves policy

The trustees have developed plans to allow them to continue to make donations in line with the restrictions set out in the Marjorie Gordon bequest.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The CIO is governed by a constitution 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 purpose as the members of the CIO shall in duly constituted meeting direct.

Decision making

Members of the CIO will consider any application for a charitable grant within the CIO's objectives, which are widely drawn. Once any application is researched, a recommendation is made to the trustees who then make grants and donations by a majority decision, although they always aimed for unanimous agreement.

Approved by order of the board of trustees on 7 May 2025 and signed on its behalf by:

Page 2

BOURNEMOUTH NORTH ROTARY BENEVOLENT FUND

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024

M J Moore - Trustee

Page 3

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BOURNEMOUTH NORTH ROTARY BENEVOLENT FUND

Independent examiner's report to the trustees of Bournemouth North Rotary Benevolent Fund ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2024.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.

Anthony R Cooke FCA

Carter & Coley Chartered Accountants 3 Durrant Road Bournemouth Dorset BH2 6NE

7 May 2025

Page 4

BOURNEMOUTH NORTH ROTARY BENEVOLENT FUND

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2024

2024
Unrestricted
Restricted
Total
fund
fund
funds
Notes
£
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
3,550
-
3,550
Other trading activities
2
756
-
756
Investment income
3
10
7,793
7,803
Other income
1,459
-
1,459
Total
5,775
7,793
13,568
EXPENDITURE ON
Raising funds
62
2,697
2,759
Charitable activities
Medical Detection Dogs
-
-
-
Foodbank
643
-
643
Fernheath Sports
-
-
-
Kids Cancer
-
-
-
National Coastwatch
-
-
-
Wessex CIO
-
-
-
Park Foundation
-
-
-
Amelia Rainbow
-
-
-
Carers' Panto
928
-
928
Macmillan Caring Locally
500
-
500
Sussed
-
-
-
MS Society
-
-
-
W Howe Community
-
-
-
Salvation Army
-
-
-
Shelby Doorbell
-
-
-
Young Parents
-
-
-
Homestart
149
-
149
Kinson Xmas Grotto
-
-
-
Womens' Refuge
-
-
-
Young Musician
-
-
-
Youth Speaks
-
-
-
Life Education
-
-
-
AIM Community
150
-
150
Kids Out
-
-
-
MyTme Carers
400
-
400
Cherrytree
250
-
250
African Adventures
-
4,300
4,300
Tools for Self-Reliance
-
-
-
Marys Meals
-
2,000
2,000
Rotary Club Marlow Thames
-
5,000
5,000
Shelterbox
-
2,000
2,000		 2023
Total
funds
£
2,538
8,106
6,648
-
17,292
7,707
100
1,213
300
100
100
90
50
200
763
600
100
800
505
400
118
250
120
200
363
25
35
245
450
400
310
200
3,000
5,000
2,000
-
-

The notes form part of these financial statements

Page 5

BOURNEMOUTH NORTH ROTARY BENEVOLENT FUND

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2024

2024
Unrestricted
Restricted
Total
fund
fund
funds
Notes
£
£
£
MS Centre
-
3,000
3,000
Boo Charity
-
2,000
2,000
EDAS
100
-
100
Dorset & Somerset Air Ambulance
150
-
150
NALA
15
-
15
Birds of Poole Harbour
100
-
100
Bournemouth Blind Society
100
-
100
Dorset Mind
300
-
300
1st Bearcross Guides
300
-
300
Other
900
-
900
Total
5,047
20,997
26,044
Net gains on investments
-
21,679
21,679
NET INCOME/(EXPENDITURE)
728
8,475
9,203
RECONCILIATION OF FUNDS
Total funds brought forward
4,371
283,762
288,133
TOTAL FUNDS CARRIED FORWARD
5,099
292,237
297,336		 2023
Total
funds
£
-
-
-
-
-
-
-
-
-
-
25,744
2,359
(6,093)
294,226
288,133

The notes form part of these financial statements

Page 6

BOURNEMOUTH NORTH ROTARY BENEVOLENT FUND

BALANCE SHEET 30 JUNE 2024

Unrestricted
Restricted
fund
fund
Notes
£
£
FIXED ASSETS
Investments
6
-
285,528
CURRENT ASSETS
Debtors
7
2,963
-
Cash at bank
3,036
6,709
5,999
6,709
CREDITORS
Amounts falling due within one year
8
(900)
-
NET CURRENT ASSETS
5,099
6,709
TOTAL ASSETS LESS CURRENT
LIABILITIES
5,099
292,237
NET ASSETS
5,099
292,237
FUNDS
9
Unrestricted funds
Restricted funds
TOTAL FUNDS		 2024
Total
funds
£
285,528
2,963
9,745
12,708
(900)
11,808
297,336
297,336
5,099
292,237
297,336		 2023
Total
funds
£
259,238
2,959
29,340
32,299
(3,404)
28,895
288,133
288,133
4,371
283,762
288,133

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

Page 7

BOURNEMOUTH NORTH ROTARY BENEVOLENT FUND

BALANCE SHEET - continued 30 JUNE 2024

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 7 May 2025 and were signed on its behalf by:

M J Moore - Trustee

The notes form part of these financial statements

Page 8

BOURNEMOUTH NORTH ROTARY BENEVOLENT FUND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Page 9

BOURNEMOUTH NORTH ROTARY BENEVOLENT FUND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2024

2. OTHER TRADING ACTIVITIES

OTHER TRADING ACTIVITIES
2024 2023
£ £
Fundraising events 756 8,106
INVESTMENT INCOME
2024 2023
£ £
Dividends received 7,749 6,648
Deposit account interest 54 -
7,803 6,648

3. INVESTMENT INCOME

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 June 2024 nor for the year ended 30 June 2023.

Trustees' expenses

During the year a total of £115 was reimbursed to the Trustees in respect of costs bourne by them.

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2,538
Other trading activities
8,106
Investment income
-
Total
10,644
EXPENDITURE ON
Raising funds
4,238
Charitable activities
Medical Detection Dogs
100
Foodbank
1,213
Fernheath Sports
300
Kids Cancer
100
National Coastwatch
100
Wessex CIO
90
Park Foundation
50
Amelia Rainbow
200		 Restricted
fund
£
-
-
6,648
6,648
3,469
-
-
-
-
-
-
-
-		 Total
funds
£
2,538
8,106
6,648
17,292
7,707
100
1,213
300
100
100
90
50
200

Page 10

BOURNEMOUTH NORTH ROTARY BENEVOLENT FUND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2024

5.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
Carers' Panto
763
Macmillan Caring Locally
600
Sussed
100
MS Society
800
W Howe Community
505
Salvation Army
400
Shelby Doorbell
118
Young Parents
250
Homestart
120
Kinson Xmas Grotto
200
Womens' Refuge
363
Young Musician
25
Youth Speaks
35
Life Education
245
AIM Community
450
Kids Out
400
MyTme Carers
310
Cherrytree
200
African Adventures
-
Tools for Self-Reliance
-
Marys Meals
-
Total
12,275
Net gains on investments
-
NET INCOME/(EXPENDITURE)
(1,631)
RECONCILIATION OF FUNDS
Total funds brought forward
6,002
TOTAL FUNDS CARRIED FORWARD
4,371		 - continued
Restricted
fund
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
3,000
5,000
2,000
13,469
2,359
(4,462)
288,224
283,762		 Total
funds
£
763
600
100
800
505
400
118
250
120
200
363
25
35
245
450
400
310
200
3,000
5,000
2,000
25,744
2,359
(6,093)
294,226
288,133

Page 11

BOURNEMOUTH NORTH ROTARY BENEVOLENT FUND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2024

6. FIXED ASSET INVESTMENTS

6. FIXED ASSET INVESTMENTS
Listed
investments
£
MARKET VALUE
At 1 July 2023 259,238
Additions 26,293
Disposals (17,490)
Revaluations 17,487
At 30 June 2024 285,528
NET BOOK VALUE
At 30 June 2024 285,528
At 30 June 2023 259,238
There were no investment assets outside the UK.
Cost or valuation at 30 June 2024 is represented by:
Listed
investments
£
Valuation in 2024 17,487
Valuation in 2023 80,761
Cost 187,280
285,528
7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 2,963 2,959

Page 12

BOURNEMOUTH NORTH ROTARY BENEVOLENT FUND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2024

8.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Accruals and deferred income
9.
MOVEMENT IN FUNDS
At 1/7/23
£
Unrestricted funds
General fund
4,371
Restricted funds
Restricted fund
283,762
TOTAL FUNDS
288,133
Net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
5,775
(5,047)
Restricted funds
Restricted fund
7,793
(20,997)
TOTAL FUNDS
13,568
(26,044)		 2024
2023
£
£
900
3,404
Net
movement
At
in funds
30/6/24
£
£
728
5,099
8,475
292,237
9,203
297,336
Gains and
Movement
losses
in funds
£
£
-
728
21,679
8,475
21,679
9,203

Page 13

BOURNEMOUTH NORTH ROTARY BENEVOLENT FUND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2024

9. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Restricted funds
Restricted fund
TOTAL FUNDS
Comparative net movement in funds, included in the above are as
Incoming
resources
£
Unrestricted funds
General fund
10,644
Restricted funds
Restricted fund
6,648
TOTAL FUNDS
17,292		 At 1/7/22
£
6,002
288,224
294,226
follows:
Resources
expended
£
(12,275)
(13,469)
(25,744)		 Net
movement
At
in funds
30/6/23
£
£
(1,631)
4,371
(4,462)
283,762
(6,093)
288,133
Gains and
Movement
losses
in funds
£
£
-
(1,631)
2,359
(4,462)
2,359
(6,093)

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
Restricted fund
TOTAL FUNDS		 At 1/7/22
£
6,002
288,224
294,226		 Net
movement
in funds
£
(903)
4,013
3,110		 At
30/6/24
£
5,099
292,237
297,336

Page 14

BOURNEMOUTH NORTH ROTARY BENEVOLENT FUND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2024

9. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£ £ £ £
Unrestricted funds
General fund 16,419 (17,322) - (903)
Restricted funds
Restricted fund 14,441 (34,466) 24,038 4,013
TOTAL FUNDS 30,860 (51,788) 24,038 3,110

10. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 June 2024.

11. FUNDS

Restricted fund

In accordance with the will of the late Marjorie Janet Gordon an absolute residuary gift was made to the Rotary Club of Bournemouth Benevolent Fund (registered charity number 264151). On 30 November 2021, following the Charity Commissioners approval and in accordance with section 105 of the Charities Act 2011, all assets of The Rotary Club of North Bournemouth Benevolent Fund (RC264151) were transferred to Bournemouth North Rotary Benevolent Fund Charitable Incorporated Organisation (RCN 1190882).

The Marjorie Gordon bequest is provided in order to contribute towards the eradication of Poliomyelitis or such other disease as the Trustees shall decide, in addition to that the Trustees shall make available funds for the relief of poverty in Africa and in particular to ensure money is provided for the education of children in Africa absolutely.

General Fund

The general fund is unrestricted and can be used for charitable purposes approved by the Trustees.

Page 15