Wolverhampton Rotary Club Charitable Trust Report of tbe Trustees and Annual Accounts Year Ended 30 June 2025 Registered Charity No. 220492
' WOLVERHAMPTON ROTARY CLUB CHARITABLE TRUST Contents Page: Tnte¢S aad advisors Report of the TrLtstees Report of th¢ independent examiner Statement of financial activities Sial¢ment of financial position 8- 13 Notes lo the financial statements
WOLVERHAMPTON ROTARY CLUB CHARITABLE TRUST Trustees and advisors Trustees J Hollingsworth S Woods O Ejohwomu L Mccarthy D A Morgan (President) {President Elect) (Vice President) (Secretary) (TreasuT¢r) Holl Secretary and principal xddress L Mccarthy 6 Roscmount, 22 Clifton Road, Wolverhampton WV6 9AP Registered Charity number 220492 Independent Examiner Mrs M Martin FCCA Hollingsworth & Co Limited Chartered Accountanis Coppice Housc Halesfield 7 Telford TF7 4NA Bankers National Westminster Bank ple Queen Square Wolverhampton WVI ITR
. WOLVERHAMvfoN ROTARY CLUB CHAIUTABLE TRUST Reprf>rt of the Trustees for the ye4r ended 30 June 2025 History, objectives and actitieS of the Trust Th¢ Charitable Trust was set up on 15 May 1959 to direct monies raised by the Rotary Club of the City of Wolverhampton to a variety of good works. The objects of the Trust in accordance with the Tnt D¢¢d are to apply TNst Funds lo the purposes of the relief of poverty and distress, and to the adVcement of education. The trustees currently have a policy of supporting the objects of the Trust locally, nationally and internationally. The Rolary Club of the City of Wolverhampton is a related party, which raises funds for Ihe Trust io apply to its charitable objects. Amounts Taised Since inception have been either distributed or where appropriate retained as ¢apital. The Trustees hav¢ considered th¢ amount of long term investments and uncommited funds needed to be retained to meet the objects of the Trust .This is r¢view¢d each year and the Trustees have decided that the amount of £20.000 is required. identifying projects and Organisations they wish to support. Mallagemellt and governance arrangements The Trustees of the fund are those holding the offices of President, President Eleet, Vic¢ President, Secretary and Treasurer of the Rotary Club of the City of Wolverhampton. The Trustees and their posts during the year were as follows-. L Mccarthy J Hollingsworth S Woods J Hollingsworth D A Morgan (President) (President Elert) (Vice President) {Secretary) {Treasurer) The cutTent Trustees ar¢ disclosed on page l. The Trustees allnually review the risks that the charity faces. To date these have mainly related to the investsnents held and the Trustees have lessened the effect of such risks over the years by the reab'sth"on of parts of these investm¢nts into rash. It is the current intention that this practice will continu¢. Procedure5 policy for grant making The Trustees meet half yearly to PTepare budgets for anticipated Thd$ and proposed grants. From this budget, the various committ¢¢s of the Rotary Club of the City of Wolverhampton are allocated amounis which aTe within their ambit to grant io appropTiate beneficiaries. The Trustees also make grants in ac¢ord with the objects of the Trust.
WOLVERHAMPTON ROTARY CLUB CHARITABLE TRUST Report of the Trustees for the year ended 30 JuDe 2025 How the activities satisfy publi¢ benefit In planning th¢ a¢tivities for the year thc Truste¢s kept in mind the CIMrity Commission's guidance on publi¢ benefit at their meetings. The focus of the activities is to raise and distribute funds for the purposes of relieving povety and distress, and for the advancement of education, both local, national and international. Achievements and performanee of the Trnst. Total incotne generated from nd raising wiviti¢s.whs £71,946 which was a reduction from £90,346 in 2024 as in that year the Best Foot Forn¥d Event w&5 held twice. Best Foot Fonvard was again a successthl event raising £12,965. The Dragon Boat Challenge event was also very well supported with a full compliment of boat crews taking part which Ii¢lp¢d to rnis¢ £40,655 12024-£39,230). Th¢ Tr¢¢ of R¢m¢mbrdnc¢ raised £5,264(2024-£7.370). However , the income from general donations and legacies fell to £10.376 from £15,056. A total of £67,846 (202£b£76,817} charitable donations were made during the year . Donations of £45,985(2024- £49,655) were made in boih ihe UK and overseas and are detailed in noie 9. Further donaiions of £21,861 (2024- £18,562) were made from the Restricted Funds as detail¢d in note 7. Fln*nclal revfiew The results for the year di5c105e a surplus of £3,197 which is after an unrealised reduction of £903 in the valuation of the investment. lThe value of the investments at 30 June 2025 had decreased to £18,911 and the net current agsets had increased to £32.197, n]aking a balance she¢t value of £57,108. This figure represenrs the fullds available in the General Unrestricted Fund as the balance on the JPB Legacy Fund is zero. The detaila rcsults arc set out on pages 6 to 13. Future plans The TSteeS intend to continue providing grants in a similar way to the recent past bui, as fimds priniarily arise in th¢ second half of the fiscal year, retain flexibility as to timing, and scale of grant makin8.
WOLVERHAMPTON ROTARY CLUB CHARITABLE TRUST Report of the Trustees for the year ended 30 June 2025 Trusttts, responsibilities statement The trustees are responsible for preping the Trustees. Annual Report and th¢ finan¢ial statements in accordance with applicable law and United Kingdom Accounting standds (United Kingdom Generally Accepted Ac¢ounting Practice). The law applicable to charities in England & Wales requires the trustees to prepare financial statsrnents for ¢ach financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these fllwicial statements, Ihe trustees are required to: selcct suitablc accounting policies and then apply them consistently. observe the methods and principles in the Charities SORP. make judgements and estimates that aTe reasonable and PLudent" slate whdher applicable accounting standards have been followed. subjecl to any material departures disclosed and explained in the financial stat¢m¢nts' prepare the fmancial statements on the goiThg ¢onc¢rn basAS unless it is inappropriate to PTe5UmC that the charity will continue in operation. Thc tnteeS are responsibl¢ for keeping adequatc accounting records that dis¢los¢ with reasonable ¢U[8¢Y at any tjme th¢ linancial posin.on ot tbe charity and ¢nable them to ensure thal the financial statements comply with the Clwities Act 2011, the trust deed and accounting and reporting by ChaTiti¢s'. Statement of Recommended Practice applieable to charities Preparing their accounts in accordance with the Financial Reporting Standard applicable i th¢ UK and Republic of Ireland {FRS102) (Charities SORP (FRS 102)). They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Trustees on 17 November 2025 and signed on their behalf by.. J Hollingsworth President
' WOLVERHAMPTON ROTARY CLUB CHARITABLE TRUST Indepelldent examiners report for the year ended 30 June 2025 I report to the charity tsvstee8 on my ewdmination of the aecounis of ihe ¢haTity for the year ended 30 June 2025, which arc set out on pages 6 to 13. ResponsSbllhles and basis of report As the charity's trustees you are responsible for th¢ preparation of the ac¢oun¢S in accordance with the requiremeThts of the Clwities Act 2011('the Act,) I report in r¢spc¢t of my examination of the Charity's accounts carried out under Section 145 of the Act and in canying out my ¢xamination I have followed all the applicable Direciions given by the Charity Commission und¢T section 145(5Kb) of the Act. Independent examlner's statement I have competed my examination . I Conf that no material matters have comc to my attention in connection with the examination Vllng m¢ ¢aus¢ to believe that in any material T¢spe¢t'. accounting records were not kept in respeet of the charity as required by section 130 of the A. or 2. the accounts do not accord with those accounting records; or 3. the accowits do not comply with the applicable requirements concerning the form and Content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requiremettt that the accounts give a 'truc and fair view. which is not a matt¢r consider¢d as part of an indepcndcnt examination. I have no concerns and have come across no other matt¢r8 in connection with the cxamination to which attention should be drawn in this report in order to enable a prow understanding of thc accolts to be reached. Mrs M Martin FCCA Hollingsworth & Co Limited Chartered Accountants Coppice House, Halesfi¢ld 7 Telford, TF7 4NA 17 November 2025 Total Funds 2025 TotAI Funds 2024 Unrestrlcted Funds Restricted Funds Notes Income and endowmenls from: Donations and legwies Charitable activities Investh)ents 10.376 38,662 1,047 10.376 60,523 1,047 15,056 74,290 1.000 21.861 Total 50,085 21,861 71.946 90,346 Expellditure oll:
WOLVERHAMPTON ROTARY CLUB CHARITABLE TRUST Report of the Trnstees for the year ended 30 June 2025 Charitable actiiities 7&9 45.985 21,861 67,846 76.817 Total 45,985 21,861 67.846 76.817 Net Incomel(expenditure) 4,100 4,100 13,529 Other re¢ogDised gainsl{108ses): Gains/(losses} on inveslment assets (903) (903) 1.516 Iyet moven)ent In year 3,197 3,197 15,045 Recon¢iliadon of funds: Totsl funds brou t forward Funds carried fonvard 51,108 51,108 47,911 Th¢ net movement in r¢souwes arises solely from continuing activities. There were no recognised gains or losses in the year other than the net movement of resources shown above. notes on pages 13 fom) part these financial statements.
WOLVERHAMPTON ROTARY CLUB CHARITABLE TRUST Statement offinancial position as at 30 June 2025 2025 2024 Notes Fixed $¢t investment COIF CIwi(ies Investment Fund income units io 18,911 19.814 Current assets Debtors Bank account5 13,453 60,756 20,168 44,015 74,209 64.183 Current liabilitie5 Creditors 12 42,012 36,086 Net Current assetsloiabilities) 32,197 28.097 51.108 47,911 The funds of the ch4rity: Gener unrestricted fund JPB Legacy Fwid 51,108 47,911 13 51,108 47.911 The notes on pages 8 to 13 forni part of these financial statements. The a¢¢ount5 were approved by the Trustees and authorised for issue on 17 November 2025 J Holling$worth President
WOLVERHAMPTON ROTARY CLUB CHARITABLE TRUST Notes ¢0 the 4¢couDts for the year ended 30 JuJ)e 2025 Aceountillg polieie3 Basi9 ofpreparaliopi Th¢s¢ a¢¢ounts have been prepared under the historical cost convention, as modified by the revaluation of fixed asset investments, and follow the recommendations in Accounting and Reporting by Charitie$; Statement of Recommended Practice issued applicable to charities preparing their accounts in acc4)rdance with the Financial Reporting Statthrd applicable in the UK and Republic of Ireland (FRSI 02) (Charities SORP (FRS 102)) and the Charities Act 2011 arLd applicable resolutions. Jnvestpnents Fixed asset investtnents are included in th¢ accounts at th¢ bid price at the balance sheet date. Unrealised gains and lo&ses are taken to the appropriate funds in the statement of financial activities. Incoming resources Incoming resources are recognised on a Teceivable basis. Any income not received at the year end is included in debtOTS. Donotionspayable Donations are accounted for as and when they are approved by the trustees. Donations approved but not paid at the year end are in¢lud¢d in creditors. General inf0rn12tion The chaTity is a registered chariry, r¢Sler¢d in England and Wales and its principal addr¢ss is 45 Church Road, Albrighion, wolverhampto WV7 3LH Statement of Compliance The financial statements have been prepared in accordanc¢ with FRS102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" the statement applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (Charitses SORP (FRS102)) and the Charities Act 2011. Trustees remullerotlon and expenses No remuneration was paid to any trustees during the year (2024.. Nil). No reimbursement of expenses h&8 been made lo any of the trustees in respect of the year (2024.. Nil). Employees The charity had no employees during the y¢ar (2024.. Nil)
WOLVERHAMPTON ROTARY CLUB CHARITABLE TRUST Notes to the accounts for the yegr ended 30 June 2025 Incoming resources from donations and charitable activities 2025 2024 Donations.. General donations JB Charitable Tnt 5,376 5,000 5,056 10,000 10,376 15,056 Fundraising events: Dragon Boat Challenge (Note 8) Tree of Remembrdnce Best Foot Forward 21K) Club surplus Roll over Raffle 3 Peaks Walk 18,794 5,264 12.965 20,668 7,370 26,407 510 773 750 889 38,662 55,728 Restricted fund5 During the year £21.861 {2024 -£18,562) was raised for spectfic charities norninated by dragon boat crews and paid out in accordance with their Instctions. No donations were made from th¢ JPB L£gacy Fund (2024-£8,600)
WOLVERHAMPTON ROTARY CLUB CHARITABLE TRUST Note5 to the aceounts for the year ended 30 Jnne 2025 Dragon Boat Challenge 2025 2024 Sponsorship and Gift Aid Other in¢ome Expenses and restricled funds payments 41.196 2,991 (25,393) 39.248 4,140 (22,720) 18,794 20,668 Charltable Actlvldes 2025 2024 Foundation Rotary Foundation UK End Polio Now 3,500 I,0 3,500 4.500 4,500 International Emergency Disaster Appeals Support for Congo Children's Trust re children's homes Jaipur Limb Project in India Support for school in Lusaka , Zambia Shoebox Schcmc Indian Water Project Safe deliVleS of babies in hospitsl , Etheopia Shelter Box Lend with Care 5(X) 2238 1,791 5,318 1,539 (500) 2.150 250 1,040 1,288 25 263 590 200 11,086 5,606 10
WOLVERHAMPTON ROTARY CLUB CHARITABLE TRUST Notes to the accounts for the year ended 30 June 2025 Charitable activilles (contlnu¢d) 2025 2024 Youth SerYices:_ FiTSt Abide CIC 500 Young Musicians concert Wolverhampron Music Sch[1 Young Citiz¢n award RIBI Crocus Cornis Pine Green Kidzout Uplands School bean bags and Tech challenge Rotary District RYLA St Teresa's Fun day oui Rotary District Kids Fun day Fair Trades school competition B4H bookcase for Low Hill School (5) 250 250 175 1.400 (60) 250 175 297 600 75 45 7(Kl 150 310 3,230 1,882 Community Services:. The Haven Wolverhampton The Wolverhampton MS Thcrapy Centre Compton Car¢ knospice Wolverhampton Coronary Aftercare Group Central Youth Theatre Sponsored Break 4,350 5,930 1,830 4,350 4,100 1,700 6,583 1,250 5,333 1.250 Next Step Midlands SSFA Susan Vickers Foundation HJP Boxing Club Poppy Appeal Small Grant Scherne The UkTanian Refugee & Migrant Cenlre 1,000 1,830 2,000 100 50 100 i J 12,000 500 io,ooo 27,169 37,667 2025 2024 Total donations 45,985 49,655
WOLVERHAMPTON ROTARY CLUB CHARITABLE TRUST Notes to the 4¢¢ounts for the year ended 30 June 2025 io. Fixed Asset lllvestment 2025 2024 COIF Ch#rities Inves¢men¢ Fund Valuation at 30 Jw)e 2024 Inctease (decrease) in value 19,814 {903) 18,298 1.516 Valuation at 30 June 2025 18,911 19,814 ii. Debtors 2025 2024 Gencral dcbtors Dragon Boat Challenge debtors 2.215 11,238 5,146 15.022 13,453 20.168 All amounts Shown under (kbtors fall due for payment within one year. 12. Creditors: amounts falling dye within one y¢ar 2025 2024 Donations approved but not yel paid Dragon Boat Challcnge ¢r¢ditors General creditors Designated Funds 28,055 10,644 2,692 621 13,200 17.562 4,683 42,012 36.086 13. JPB Legacy Fund Th¢ Trust received a legacy of £30,000 from the will of a Rotarian and it been us¢d for the benefit of people and organisations in the Wolverhampton area. 12
WOLVERHAMPTON ROTARY CLUB CHAIUTABLE TRUST Notes to the accoun15 for the year ended 30 June 2025 14. AnAlysis of net assets behveen funds 2025 Restrlcted Funds Unrestricted Funds Total Funds Investments Current assets Creditors 18,911 74,209 (42.012) 18,911 74,209 {42,012) )I,Iv 2024 Restricted Fund$ Unrestricted Funds Total Funds Inv¢stm¢nts Current assets Credilors 19,814 64.183 {36,086) 19,814 64,183 (36,086) Net assets 47,911 47,911 13