REGISTERED CHARITY NUMBER: 261600
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022
FOR
THE EASTBOURNE ROTARY BENEVOLENT FUND
Aequitas Limited 1 Swan Wood Park Gun Hill Horam East Sussex TN21 0LL
THE EASTBOURNE ROTARY BENEVOLENT FUND
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 9 |
THE EASTBOURNE ROTARY BENEVOLENT FUND
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2022
The trustees present their report with the financial statements of the charity for the year ended 30 June 2022. 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).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
261600
Principal address
4 Placketts Corner Arlington Polegate East Sussex BN26 6FY
Trustees
G H Marsden B O Neil P J Gietzen I P Marsden
Independent Examiner
Aequitas Limited 1 Swan Wood Park Gun Hill Horam East Sussex TN21 0LL
Approved by order of the board of trustees on 15 November 2022 and signed on its behalf by:
I P Marsden - Trustee
Page 1
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE EASTBOURNE ROTARY BENEVOLENT FUND
Independent examiner's report to the trustees of The Eastbourne Rotary Benevolent Fund
I report to the charity trustees on my examination of the accounts of The Eastbourne Rotary Benevolent Fund (the Trust) for the year ended 30 June 2022.
Responsibilities and basis of report
As the charity trustees of the Trust 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 Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or
-
the accounts 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 requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
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.
Mrs S Hardy Aequitas Limited 1 Swan Wood Park Gun Hill Horam East Sussex TN21 0LL
15 November 2022
Page 2
THE EASTBOURNE ROTARY BENEVOLENT FUND
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2022
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 3,931 Other trading activities 2 1,668 Total 5,599 EXPENDITURE ON Charitable activities Payments out 8,306 Net gains/(losses) on investments (2,525) NET INCOME/(EXPENDITURE) (5,232) RECONCILIATION OF FUNDS Total funds brought forward 34,043 TOTAL FUNDS CARRIED FORWARD 28,811 |
Restricted fund £ 68,562 - 68,562 - - 68,562 14,416 82,978 |
30.6.22 Total funds £ 72,493 1,668 74,161 8,306 (2,525) 63,330 48,459 111,789 |
30.6.21 Total funds £ 21,872 2,757 |
|---|---|---|---|
| 24,629 | |||
| 10,851 | |||
| 1,287 | |||
| 15,065 33,394 |
|||
| 48,459 |
The notes form part of these financial statements
Page 3
THE EASTBOURNE ROTARY BENEVOLENT FUND
BALANCE SHEET 30 JUNE 2022
| Unrestricted fund Notes £ CURRENT ASSETS Investments 5 22,725 Cash at bank 6,086 28,811 NET CURRENT ASSETS 28,811 TOTAL ASSETS LESS CURRENT LIABILITIES 28,811 NET ASSETS 28,811 FUNDS 6 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted fund £ - 82,978 82,978 82,978 82,978 82,978 |
30.6.22 Total funds £ 22,725 89,064 111,789 111,789 111,789 111,789 28,811 82,978 111,789 |
30.6.21 Total funds £ 26,750 21,709 |
|---|---|---|---|
| 48,459 | |||
| 48,459 | |||
| 48,459 | |||
| 48,459 | |||
| 34,043 14,416 |
|||
| 48,459 |
The financial statements were approved by the Board of Trustees and authorised for issue on 15 November 2022 and were signed on its behalf by:
I P Marsden - Trustee
G H Marsden - Trustee
B O Neil - Trustee
P J Gietzen - Trustee
The notes form part of these financial statements
Page 4
THE EASTBOURNE ROTARY BENEVOLENT FUND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.
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 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.
2. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 30.6.22 | 30.6.21 | |
| £ | £ | |
| Fundraising events | 1,574 | 2,499 |
| Social lotteries | 94 | 258 |
| 1,668 | 2,757 |
continued...
Page 5
THE EASTBOURNE ROTARY BENEVOLENT FUND
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2022
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 June 2022 nor for the year ended 30 June 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 June 2022 nor for the year ended 30 June 2021.
| 4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund fund £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 7,456 14,416 Other trading activities 2,757 - Total 10,213 14,416 EXPENDITURE ON Charitable activities Payments out 10,851 - Net gains on investments 1,287 - NET INCOME 649 14,416 RECONCILIATION OF FUNDS Total funds brought forward 33,394 - TOTAL FUNDS CARRIED FORWARD 34,043 14,416 |
Total funds £ 21,872 2,757 |
|---|---|
| 24,629 | |
| 10,851 | |
| 1,287 | |
| 15,065 33,394 |
|
| 48,459 |
continued...
Page 6
THE EASTBOURNE ROTARY BENEVOLENT FUND
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2022
5. CURRENT ASSET INVESTMENTS
| CURRENT ASSET INVESTMENTS | ||
|---|---|---|
| 30.6.22 | 30.6.21 | |
| £ | £ | |
| Other | 22,725 | 26,750 |
The current asset investment is held on the Isle of Man.
6. MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | |||||
|---|---|---|---|---|---|
| Net | |||||
| movement | At | ||||
| At 1.7.21 | in funds | 30.6.22 | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 34,043 | (5,232) | 28,811 | ||
| Restricted funds | |||||
| Homes for homeless restricted fund | |||||
| 14,416 | 68,562 | 82,978 | |||
| TOTAL FUNDS | 48,459 | 63,330 | 111,789 | ||
| 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 | 5,599 | (8,306) | (2,525) | (5,232) | |
| Restricted funds | |||||
| Homes for homeless restricted fund | |||||
| 68,562 | - | - | 68,562 | ||
| TOTAL FUNDS | 74,161 | (8,306) | (2,525) | 63,330 |
continued...
Page 7
THE EASTBOURNE ROTARY BENEVOLENT FUND
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2022
6. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| movement | At | ||||||||
| At 1.7.20 | in funds | 30.6.21 | |||||||
| £ | £ | £ | |||||||
| Unrestricted funds | |||||||||
| General fund | 33,394 | 649 | 34,043 | ||||||
| Restricted funds | |||||||||
| Homes for homeless restricted fund | |||||||||
| - | 14,416 | 14,416 | |||||||
| TOTAL FUNDS | 33,394 | 15,065 | 48,459 | ||||||
| Comparative 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 | 10,213 | (10,851) | 1,287 | 649 | |||||
| Restricted funds | |||||||||
| Homes for homeless restricted fund | |||||||||
| 14,416 | - | - | 14,416 | ||||||
| TOTAL FUNDS | 24,629 | (10,851) | 1,287 | 15,065 |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.7.20 | in funds | 30.6.22 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 33,394 | (4,583) | 28,811 |
| Restricted funds | |||
| Homes for homeless restricted fund | |||
| - | 82,978 | 82,978 | |
| TOTAL FUNDS | 33,394 | 78,395 | 111,789 |
continued...
Page 8
THE EASTBOURNE ROTARY BENEVOLENT FUND
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2022
6. 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 | 15,812 | (19,157) | (1,238) | (4,583) |
| Restricted funds | ||||
| Homes for homeless restricted fund | ||||
| 82,978 | - | - | 82,978 | |
| TOTAL FUNDS | 98,790 | (19,157) | (1,238) | 78,395 |
7. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 June 2022.
Page 9