The Rotary Club of Swindon Trust Fund Trustees, Report and Accounts for the year ended 30th June 2024 Charity number 262835
The Rotary Club of Swlndon Trust Fund Trustees, Report and Aecounls for the year ended 30th June 2024 Page Trustees, Report 1102 Independ6nl Examlne¢s Report Statement of Financial Aclivllles and Balance Shoal Nolas lo the accounts 5106
Thè Rotary Club of Swlndon Trust Fund Rgport of the Truslet¥ for the ygar ended 30 June 2024 The trustees present their report and ac¢ounls for thè year ended 30 June 2024 Lggal and admlnl$lratlve detalls The full name of the charty is The Rotary Club of sw.ndon Trust Fund The governing documonl is a Trust De&d dated 12 July 1971 The regist6red number of the charity is 262835 The ch8rity's addres$ 18 clo The Hon Treasurer. Peter Barefoot, The Olrj Dairy, Bagendon Manor F8rrn, Ciren¢e$ler GL7 7DX The charty is constituted by a board ol trustees. The attached finanaal statements comply wlh the Charities Act 2011 and with the charivs governing docufflent. Trustges Appointment ol trustees is governed by the trust de6d of the charity. The trustees are the PresidenL the Senior Vice President. the Honorary Secretary, the Honorary TreaSur and the Chairman ol the Community Service Committee for the tirne being ol the Rotary Club of Sw"ndon. During thè year ended 30 June 2024 these were respectively'.- Jeremy Ho Le51ey Hutchings Steve Brain Peter Bar8fool Deborah Vir}nt Relevant organlsatlon8 Independent Examiner- Morris Owen, 4N5 Damzes Road. Swndon SN14BG B8nkers- Barclays Bank UK PLC, Leicester LE87 2BB CortItUtIon. oblects and pollclas The Charity's prirnary objective is to apply both the capital and incomg lo or lor the relief of the poor and needy or to or for such other ¢h3ritable purpose instltulion, society or object 88 the Rotary Club of Swndon shall in duly constituted m8eting frorn time lo time direct. Th& ¢harity has no paid employees and all 8ctivitr.es are conducted by the members of the Rotary Club of Swndon and other halpers. DevelopmsnL acttvltl•¥ and achlovements, and futur• oblectlvg9 The main annual lund-raislng activty ol the Rotary Club of S¥on, Is the Charity B811, run in association with the Swndon DoubltrTree Hitton Hotel 11 is the intention that th1$ activity wll conb'nue, along wlh the othar fund-raislng activitiès of the Rotary Club of Swindon. During the year the Trust rtrceived a substantial legacy of £80.OOQ whleh carne from a formgr membèr of the Rotary Club of Swndon. The details are induded at P8ge 6 01 these aceufits. Pag? 1
Thè Rotary Club of Swlndon Trust Fund Report of the TrusteeB for the year ended 30 June 2024 Iconllnuedl Flnonclal revlgw The results for the year show a surplus ol income over distribuuons of £68,858 increasing tokl funds carried IoTward to £83,398. Restricted funds represent amounts raised for purposes that are publlclsed at the time of fund- raising. Thè Trustees, policy on reserves is that funds raised 8re diStrib$d as soon as possible lo benefici8rie6. Reserves are held in restricted funds and the general charitable fund Itotalling £58,813 and £24.583 respectively al tho balan sheet datel to enable the Iruslees lo pay expenses or makè charitable distributions * 3hort noY¢e. Rlsk revlew The Trustees have reviewed the major risks to which the charity Ss exposed and hava estal$hed 8yStems lo rnitigate such risks. Statement of Trustees RasponslbllMe¥ Thè Trustees are responsib18 for preparing the Report of the Trustees and the financi8181atemen18 in accordance with applicable law and United Klngdom Accounting Standards IUni18d KingdoTn Gengr8lly Accepted Accounting Praclicsl. The law 8pplicabl8 lo charits.es in England and Wales, the Charities Act 2011, Charity (Accounts an Reports) Regulations 2008 and the provisions of the Trust Deed requir05 the Trustee5 to prepare financial stat8rrenl for aach financial year ¥thich give a true and fair view of the state of affairs of the Charity alld ol the incoming r¢80urces and 8pplication of resources, including the income and expenditure, of the Charity for th8t periorl. In preparing those linan¢ial statements, the Trustees are required to select suitable accounting policies and then apply thern consistent., obsèrve the methods and principles in the Charity Statement of Recommended Practice., makejudgoments and estimates that are reasonable and prudent., prepare the financi81 statements on the going concam basis unless it is in8ppropriats lo presum• that the Charity will continue in busin883. The Trustees are r98ponsia for keeping proper 8ecounling records whlch disdose reasonable accuracy at any lime th8 financial position ol th$ Charity and to enable them lo ensure that the rinancial statements comply wlh the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions ol the Trust Deed. Th6y 8re also responsible lor safeguarding the assets of the Charity and h8nce for taking reason8ble steps lor the prevention and detection of fraud and othgr irregularities. Approval This report was approved by the trustees and signed on thelr behalf. Jeramy Holt Trustee, psIdent. Rotary Club of Swndon, 2023-24 page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE OTARY CL B OF SWIND N TRusf F ND Independent Exèrnlners Report to The Trustees of The Rotary Club of Swlndon Trust Fund I reportto the ChèrltyTrustees on my examlnatlon of the accounts of The Rotary Club ol Swlndon Trust Fund for the yearended 30th June 2024. Responslbllltles and basls of report the Ch8rity Trustees of the Trust you are re5ponsSblÈ fDrthe preparotlon of the accounts In accordance with the requirements of the Charlties Act 20111.the Art'l I report In respert of my examinatlon of thè Tnjst's account5 carrled out under sertlon 145 of the Art and In carrying out my examlnatlon I have followed all appllcable OiTectlons glven by the Charlties Commlsslon under 5ectlon 1451511b', of the Act. Independent emamlnels statement I have completed my examlnatlon. I confirm that no materlal m&tters have Come to my attentlon In connectlon wlth the examination glvlng me cause to belleve that In any materlèl respect l. occountlng records were not kept respect of the trust as required by sectSon 130 of the Act,. or 2. the accounts do not 8¢¢ord with those records.. or 3.the accounts do not ¢Otnply with the appllcable requirernents ctsncerning thÈ form and content Of the at¢ounts set out In the Charltles l Accounts and Reptrrtsl Regulatlons 2008 otherthan any requlrernent that the accounts give a true and f8lr vlew which Is not a matter consldered as part ol an Independent examination. I have no concerns and have corne acrDSS no Other matter in cDnne¢tion wlth the examlnation to whlch attention should be drawn in thls report In order to enable a proper understandlng of the atcovnts to be re3ched. Mr I Sumbler FCCA Morris Owen Chartered Accountants 43-45 Devlzes Road Swlndon SN14BG page 3
THE ROTARY CLUB OF SWINDON TRUST FUND Stslgment of Flnanclal Actlvltles for thg year end¢d 30 June 2024 R8Stricted funds Unr8Stricted funds 2024 Total 2023 Totsl Incomlng r•¥ource8 L8ga¢y Income Fundraising income Club member5. sub8criptions to Rotary Foundation Incorne tax recoverad Interest reiVed1Card charges Total Incomlng resources 60,000 53,201 20.000 132 80,000 63,333 eo,201 800 200 1483 22,615 BOO 200 1,483 135,816 1,140 583 33 113,201 R88ources expended Direct charitable expendlture Costs of fundraising Governan costs Total rèsouic88 expended 42,960 15,468 7,050 60,010 16,468 1,480 45,582 20,052 220 65,854 1.480 58,428 Net Incomlnglloutgoinyl r88our¢88 beforo transfers 54,773 14,085 68,8$8 13,8971 Gross transfers between fun¢Ys 1,227 11,2271 Ngt Incomlnglloutgolngl r•soure•s for th• year 56,000 12,858 88.858 Funds brought forward at 1 July 2023 Transfer Funds carried foThvard at 30 June 2024 2.813 11.725 14,638 18.435 58.813 24,583 83.396 14.538 Balance ¥hegt at 30 June 2024 30 June 2024 30 Junè 2023 Curr¢nt Assets Cash in hand Barclays Bank plc 15,530 15.530 84,298 Debtors 2,459 17,989 85,939 Llabllltles Craditor8- Arnounts falling due within one year 13,4511 Net curr•nt as58t8 83,396 14.538 Incomo fund$ Unrestrictsd Restricted 24,683 58,813 11,725 2,813 83.398 14.538 Joremy Holt Trustee Prèsident, Rotary Club of Swindon Peter Barefoot Trustee Hon Treasurgr, Rotary Club of Swndon Page 4
THE ROTARY CLUB OF SWINDON TRUST FUND Notes to the 8¢COUllts Ac¢oun¢lng pollc1è5 Basis cf accounllng The accounts have been prepared In a¢¢ordanc8 wilh appllcable accounllng standards, the Slalgment of Recornrnen¢fed Practice on A¢Uting and Reporting by Charttr'es. the Chariti88 Act 2011 and the historic cost basis of accounting. Incoming resources Ineorning re8ource6 dre reported gross. Donations Donation8 are aG¢ounled for when tho r8sour¢e8 are receivabb. Cos¢$ of funilralslng In note S that follow5, costs ol fundraising are the costs of $12gln9 the VriouS events. No muneralion w88 pald to the trustees in the year. norw&re any trustees. expense5 reimbursed. Govornance Co$¢$ Governan costs include fees payable to the Independent Examlnerfor th8 Independent examination of the port and accounts for the ye8r. Analy515 of Funds Current Assets Currènt Llabllltles Total R8strlct¢d lund¥ Cash at Bank Debtors Creditors 58.813 58.813 58,813 58,813 Unr88trlcted funds Cash al Bank Debtor$ - Credllors 25,485 1,641 25.485 1,841 -2.543 24.583 2.543 2.543 27.126 Page 5
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