## **The Rotary Club of Kendal Charitable Trust**
## **Annual Report for year ended 30[th] June 2024**
The Rotary Club of Kendal Charitable Trust is constituted by Deed of Trust dated 16 December 1963 and is a registered charity, No. 233184. Its address is c/o the current Treasurer, 12 Longmeadow Lane, Natland, Kendal, Cumbria LA9 7QZ. The Charity Trustees during the year to June 30[th] 2024 were:
Chairman President Allen Crossley, from July 1st 2023
Vice Chairman President Elect Timothy M Keegan from July 1st 2023
Secretary Past President Peter A Smith from July 1st 2023
Treasurer Past President Martin Jayne from July 1st 2023
Trustees who are the President, President Elect, Secretary and Treasurer are appointed annually by the members of the Rotary Club of Kendal at their Annual General Meeting, in accordance with the Trust Deed and serve with effect from July 1[st] annually.
The objects of the Charity are to provide funds for the relief of poverty and distress to individuals or organisations approved by the Council of the Rotary club of Kendal, and to provide funds for the advancement of education.
The Trustees are very grateful for all the hard work and generosity of Club Members without whom we could not continue to do good in the world.
New members from the former Kendal and South Westmorland Rotary Club brought with them welcome new initiatives pioneered by KSW and also two Wishing Wells. The increased in activity such as the Swimathon and the open Golf Tournament was reflected in an increase in the Charitable Trust’s funds.
Natural disasters and strife abroad continued and the Club maintained its long-term support as a silver partner of the Shelterbox Trust. Accumulated funds were also substantially used to continue support for a Nepalese community as it rebuilt and extended community facilities. The Schedule of significant expenditure attached as a note to this report sets out where the Charitable Trust’s funds have been used both at home and abroad .
The Club sponsored the Blues Music Event in Bowness during the year by continuing to use seed funds transferred from the former Rotary Club of Windermere who had run very successful similar events. This year’s Event did not result in significant profit which was nevertheless given to two Hospices in the Northwest. It was decided to discontinue this activity.
The members of the Kendal Rotary Club donated generously and collected effectively which resulted in a good income stream. The Trust benefited from very generous grants from District 1190 of Rotary GB&I, the Vera Wolstencroft Trust and the KidsOut Trust. The Kendal Rotary Charitable Trust also wishes to acknowledge the generous sponsorship from Kendal Town Council and the Westmorland and Furness Council for the highly successful young people’s Tech Tournament. Generous sponsorship was also very welcome in arranging the Golf Tournament which took place after the end of the financial year. The notes to the accounts give an overview of the most significant activities.
The club lottery continues to generate a good income with produced a surplus of £1,400; more subscribers are always welcome.
The Cash Balance at the end of the year totalled £25,527.53. (2023. £38,570.01). The fall in the cash balance is accounted for by expenditure on the Nepal project. The balance also includes significant undistributed surplus from the Golf Tournament.
There are no administrative expenses for the Charity, and it will be seen that the Trust funds are used exclusively for Public Benefit.
Reserves policy. With no administrative expenses, it is considered necessary for the Trust to hold reserves of no more than £7,500 to cover possible failure of fundraising events. This was resolved by Trustees and Club Council at a meeting on 30[th] September 2024.
Major risks. At the present time, there are no major risks which need to be considered or mentioned and there have been no incidents needing report to the Charity Commission.
## _**Rotary Club of Kendal Charitable Trust**_
## **Income and Expenditure Account Year ending June 30th 2024**
|**_Expenditure_**
Cost of fundraising
General donations
Youth & sport
Lottery prizes
Bowness Bay events
Total
Surplus/(Deficit)
**Total Expenditure**|**_2022/2023_**
**_£_**
_2,044.88_
_17,739.50_
_6,242.16_
_1,200.00_
_13,172.54_
_3,420.09_
_43,819.17_|**2023/2024**
**_Income_**
Special Collections
2,972.97
Donations & Grants
25,052.75
Gift Aid
5,425.29
Bank Interest & misc*
1,200.00
Skipton BS ( closed 24)
9,795.53
Sikipton Closing Interest
44,446.54
Sponsorship, ticket & sales
(2,233.45)
Lottery
42,213.09
**Total Income**|**_2022/2023_**
**_£_**
_5,489.28_
_4,887.88_
_2,533.75_
_150.36_
_215.83_
_27,955.07_
_2,587.00_
_43,819.17_|**2023/2024**
2,204.64
13,185.15
595.50
540.66
£ 10,809.03
283.35
11,994.76
2,600.00|
|---|---|---|---|---|
|||||42,213.09|
## _**Rotary Club of Kendal Charitable Trust Balance Sheet**_ **Year ending June 30th 2024**
|**Charity Funds**
Brought forward
Charity Surplus/(deficit)
Closure of Skipton BS
**Total Funds c/f**|**_2022/2023_**
**_£_**
_35,149.92_
_3,420.09_
_38,570.01_|**2023/2024**
**_represented by_**
38,570.01
HSBC Bank
(2,233.45)
Skipton BS (Nepal fund)
(10,809.03)
**25,527.53**
**_Total Funds_**|**_2022/2023_**
_28,044.33_
_10,525.68_
_38,570.01_|**2023/2024**
25,527.53
0.00
**25,527.53**|
|---|---|---|---|---|
Independent examinerfs report on the
accounts
Report to the trustees
Rotary Club of Kendal Charitable Trust
On accounts forthe year
ended
30 June 2024
Charity no
lif any}
233184
Set out on pages
14
I report to the trustees on my examination of the accounts of the above charity
('the Trust") for the year ended 30106124
Responsibilities and
basis of report
As the charity's trustees, 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 Trust's accounts carried out
under section 145 of the 2011 Act and in carying out my examination, I have
followed all the applicable Directions given by th8 Charity Commission under
section 145{5){bl of the Acl.
Independent I have completed my examination. I confirm that no material matt8rs have
examiner's statement come to my attention in connection with the examination which gives rne
cause to believe that in, any material respect..
the accounting records were not kept in accordance with section 130 of
the Charities Act- or
the accounts did not accord with the accounting records.
I have no concerns and have corne across no other rnatters in connection
with the examination to which attention should be drawn in this report in
order to enable a proper understanding ofthe accounts lo be reached.
Signed:
Date:
22/. />9
Name:
Alan Fleming
Relevant professional
qualificatlon(s} or body
{if any):
Address: 33 Underwood
Kendal
LA9 SEB
IER
Oct 2018