Chartty reglstrdtlon number 279500 (England and Wal¢$)
ROTARY CLUB OF BIRMINGHAM ENDOWMENT TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

ROTARY CLUB OF BIRMINGHAM ENDOWMENT TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr Paul Wood
Mr Barry 8adham
Mr Umar Choudury
Mr DavK1 Payne
Charity numbèr (England and Wales)
2795CK)
Principal address
The Old Byre
Pleadow Farm
Wolverton
Stratford upon Avon
WaThwd(shire
CV37 OHG
Independ•nt •xaminer
JerToms
Lumaneri House
ythe Gate
ythe Valley P8th
Solihull
West M¢dlands
8AH

ROTARY CLUB OF BIRMINGHAM ENDOWMENT TRUST
CONTENTS
Pag•
TTuslees' rèrK)rt
Independent examinerfs
Stalemer)t of financial activities
Balance sheet
Notes lo the finarrial ststements
6-11

ROTARY CLUB OF BIRMINGHAM ENDOWMENT TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 5 APRIL 2023
The trustees pfysent their annu* report arKI finarnial ststements for the year ended 5 April 2023.
Thè financial statèments have been prepared in accordance with the acccmjnting polKies set out in note 1 to the
rinancial statements and comply with thè trusfs govèming d(Kument, thè Charities Act 2011, FRS 102 "The
Finanaal Reporting Stanrta￿ appticable in the UK and Republic of Irdand" and the charib.es SORP "P£¢ounting
and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Rewrting Standard applicable in Ihe UK and Republic of Ireland IFRS 1021".
Obl•ctlv•s and activlties
The Trustees have absolLrte discretion in applying ihe annual incolne of the Trust for charitable purpose5. Although
thè arèa ol ben8fit is wortdwi(5e, traditionally chantses in the West Midlands and those connected with Rotary have
been favoured.
Public ben8fil
The trustees have paid due regard to gu￿anCe issued by the Charity Commission in deciding what activities the
trust should undertake_
Financi31 ravièw
The Trustèès considgr that Ihe ￿rfOrn)ance of the Trust was satisfactory and in line with its objectives.
Brewin Dolphin Limited, investment managers to the Tnjst. continued managing Ihe investmenl portfol￿ on a
discretionary basis.
At S April 2023, the net assets of the Trust stood at £1.039,359 compared 7*Ath the prevbJus year of£1,098,475.
Reserv8s policy
The operatin9 8xpÈnses of the Trust ale not svjnificant. and therefore. no reserve potKy lo cover these is needed.
The accumulated funds are invested 8n¢J availa1￿￿ to meet thtr objects of ts TrusL
Structuro. 9overnan¢e and manag•mtnt
The Trust is a registered thaity (number 2795001 eslabfished under a trust deed dated 29 November 1979.
The tnjstees who served durirftj the year aThJ up to the date of signature of the finanryal 5tsternents were".
Mr Paul Wood
Raymond Dickson (Deceased Client)
Mr Bary Badham
Mr Stuart Guy
MrAnthony Chartey
Mr Umar Choudury
Mr David Payne
IDerEased 14 February 20241
(Resigned 6 January 2025)
(Resigned 6 January 2025}
ReGruilfftent and appointment of trusle&s
Thè èx-officio trusteèships relating to the President and the T￿aSurer ol The Rotary Club of 8irmingham change by
annual appointment. The Trust has a plan in ￿a¢e to iilenlify and train new Trustees a$ and when they become
aware of individuals with an intefest in its activities. or when it is percewed that 8 Trustee h8s an addrtion81 skill set,
to complement those hèld by the oJrrent Trustees, as ￿QUired.

ROTARY CLUB OF BIRMINGHAM ENDOWMENT TRUST
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2023
ststemènt af Trustees. responsibilities
Charity legislation ￿qUireS Truslees to prepare fin8nri81 ststements for each fin8n(ial year which gtve a true 8nd fair
view of the incoming resources and appli(2tion ol resources for that per￿. In preparing the acwurrt5. suitsbl8
accounting policies have been adopted and wnsistently ap￿Tred to the best of the Trustees. knowled￿ and belief,
by reference to ￿asOnable and prudent judgements and estimates. Ap￿lIable accounting standards have been
followed.
The Tnjstees are fesponsible for maintsiniry adequate a¢¢ounting records, for safeguarding the assets of the
Charity and for prevenb.ng and detecting fraud and other irwularilie5. The TnJstees are also required to indicate
where the finanri81 statements are prepared other than on the basis that the Charity is a going concern.
Independart Examinerfs Report
It Ès the intention of the Trustees to reappoint Jerroms for thè coming year.
' report W8$ approved by the Board of Trustees.
Mr Paul Wood
Trustee
6 May 2025

ROTARY CLUB OF BIRMINGHAM ENDOWMENT TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF ROTARY CLUB OF BIRMINGHAM ENDOWMENT TRUST
I report to the trustees on my examination of the financial 5talements of Rotary Club of Bimiinghaln Endowrnent
Trust (the tNstl for the year ended SA￿1 2023.
Responsibilities and basis of report
A5 the trustees of the trust you are reSponsi￿e for the prepara1￿n of the financial statemenls in accorclance with the
reqU1￿ments ol the Charities Act 2011.
I report in respect of my examinatton of the tnJst's financial ststements carried out under section 145 of the Charities
Act 2011. In carying out my examination I have followed the Directsons gNen by the Charity Commisson under
sectK)n 14515llbl (rf the Charities Act 2011.
Independent examinerfs stat•m•nt
Your attention is drawn lo the fact that the charity has prepared the financial statements in accordance with the
rdevant version of the Ststement of Recommended Praclice applicable to charities preparing the￿r financial
statements in 8rLordanc8 wth the Finar*cial Reportln9 Standard applicat￿￿ in the UK and Republic of Ireland IFRS
1021 in preference to the Accounting and Reporting by Chanties.. Stalemenl of Recornmended Practice issued on 1
April 2005 which Is referred lo in the extant regulations bul has now been wthdrawn. l understand that this has
been done In order lor the financial statements to prowde a true and fair ¥iew in accordance with UK Generally
Accepted Accounting Practice.
I havè Completed my examination. l (x)nffimi th8t no matters have come to my attention in conneclion with thè
examination giving me cause to believe that In any malerial respect..
accounting reojrds were not kept in respect of the trust as required by sectK)n 130 of the Charities Acl 2011.
the financial ststernents do not accord with those records." or
the financial statements do not comply wth the applicable ￿uIreMents concerning the fom and content ol
financial statements set out In the Chariues (Accounts and Reports) Regulations 2008 other than any
requirement that the financial statements give a true and tsir ￿ew, 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 whtch 8ttention
shoul
drawn in this report in order to enatAe a proper understandin9 01 the finanual statements to be reathed.
horto..
Richard Horton FCCA
Charte￿￿ Certified Accountant
Jerroms
Lumaneri House
Blythe Gale
Blythe Valley Pa
Wgst Midlands
B90 8AH
6 May 2025

ROTARY CLUB OF BIRMINGHAM ENDOWMENT TRUST
STATEMENT OF FINANCIALACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 5 APRIL 2023
Unrestrictgd Restrirt•d
funds
fvnd5
2023
2023
Total Unrestrlcted Re5trictsd
funds
funds
2022
2022
Total
2023
2022
Nol•s
Incomè from:
Investments
35.081
35.081
32.656
32,656
Totsl Income
35,081
35.081
32,656
32,656
Expenditurè on:
Raising fun¢Js
Charitsble activities
Other expenditure
7.363
32.387
1,660
7,363
32,387
1,660
8,045
35.600
8,045
35,600
10
Totsl •xpendlture
41.410
41,410
43.645
43,645
Net gainslllossesl on
investments
11
152.7871
152,787)
77.367
77,367
Nèt Incomellexpenditure) and
movement in funds
16,3291
152.787)
159.1161
110.9891
77.367
66.378
Reconeiliation of lunds:
Fund balanc£s at 6 April 2022
16,561
1,081.914 1.098.475
27.550 1,004,547 1.032,097
Fund balances at S April 2023
10.232
1.029.127 1.039.359
16.561
1,081,914
1,098,475
The statement of finanraal acbvities indudes al gains and losses recognised in the year. Al in(x)ffle and expenditure
de￿ve from ¢ontinuin9 activities.

ROTARY CLUB OF BIRMINGHAM ENDOWMENT TRUST
BALANCE SHEET
ASAT5APRIL 2023
2023
2022
Note5
Flxed assets
Investments
13
1,￿8,785
1,051.027
Current assèts
Cash at bank and in h8nd
32,574
57,797
Cr•ditors'. amounts falling due within
one year
14
12,¢XKJI
(10,3491
Net ¢urr¢nt assets
30.574
47,448
Total assets less current liabilities
1,039,359
1,098.475
The funds of the trust
Restricted income fvnds
Unresiricted funds
15
16
1.029.127
10,232
1,081.914
16.5£1
1.039.359
1,098.475
Th
oal statements were approved by the trustees on 6 May 2025
LOA
Mr Paul Wood
Trusteg

ROTARY CLUB OF BIRMINGHAM ENDOWMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023
Accounting polici¢$
Charity infomiation
Rotary Glub of Bimingham Endovm)ent Trust is an endowment Injst esta￿1Shed by The Rotsry Club ol
Bimingham under a trust deed datèd 29 November 1979 to generate incomg in order to assist charities and
other good causes.
1.1 Accountlng convention
The financial statements have been prepared in accOrdar￿e the trusfs govemin9 L¥ocument. the Ch8rit&&s
Act 2011. FRS 102 Yhe FinancAal ReporD"ng Standard applicable in the UK and Republic of Ireland. and the
Charities SORP "Accovnting and Resx)rtirNJ by Charrties.. Statement of Recommended Practice applicable to
charities preparing their accounts in #C￿￿8nce with the Finanaal Reporting Slandard applirAble in the UK
and Republi¢ of Ireland IFRS 1021". The trusl is a Benefft Ents"ty as defined by FRS 102.
The trust has taken advantage of the pffjvtsions in Ihe SORP for charities not to prep8ffj 8 ststsmwl of ¢8sh
flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 onty to
the extent required to provide 3 true and fair wew. This departure has involved Idlowing the Statement ol
Recommended Practice for th8fib85 applying FRS 102 rather than the version of the Ststem8nt of
Recommended Practice which is ￿efe￿d to in the Regulations bul which has since been withdrawn.
The financial st2tements are prepare(l in sterfing, which is the functional currency of the tW51. Monetsry
amounts in these financial statements are rourKled to the nearest £.
The financial statements have been prepartrd undèr the historical cost convention. Imodffieij to include the
revaluation of freehold properties and to indude investment properbes and ¢Èrt3in financial instruments at fair
Valuel. The prinapal accounting poli¢ies adopted ar8 set cmjl bebw.
1.2 Going concern
At the time of approwng the fin3n(ial statements. the tnjslees have a reasonable expect8b.on that the trust
has adequate resources to continue in operational existence for the fO￿Seeable future. Thus the tru5t8es
conb'nue to adopt the going Ix)ncem basi5 of accovnliThJ in prep8riro the finanrAal statements.
1.3 Charitable fund5
Unrèstricted *Jnds are availab￿ for use at the discret￿ of the twstees ￿ fijrtherancè of thgTrr ¢haritsbl8
objectives.
Restricted lund$ are subject to specific condrtions by donors Ix grantors as to how they may be used. The
purposes and uses of the restn.cted fijnds afe set out in the notes lo the finanfial stsleinents.
En¢Jowmènt funds are SLFbiect to specthc (xJndib"on$ by donors that the capital must be maintained by the trust.
1.4 Income
Income 15 recogntse(I when the trust is kgally entitied to it after arry porformance conditions have been met.
the amounts can be measure(I reliably, and it is probable that income will be ￿¢￿1ved.
Cash donations are recognised on rewpL Olher donations are recognised once Ihe Injst has been notthed ol
the donab"on. unless performance conditions requiTe deferral of the arrK)unt. Income tax recoverable in relation
to donations received undei Grft￿d or deeds of covenant is rewgnised al Ihe time of the donation.
Legacies are reco9nised on receipl or Othe￿Se rf the trust has been notified of an impending distribution. the
amount is known, ano receipt is expected. If the 8mount is not known. the legacy is treated as a contingent
asset.

ROTARY CLUB OF BIRMINGHAM ENDOWMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 5APRIL 2023
Accounting policies
Icontlnuedl
1.5 Expenditurè
Expenditure is recognL8ed On￿ there is a legal or conslrucbve oiAigab"on lo trarbsfèr economic benefit to
third party. it Is probable that a transfer ol economic benefts will be required in setd&ment. and the amount of
the obligation can be measured reliably.
Expenditure is d8ssified by activity. The costs of each 8¢tivity a￿ made up of the total of dI￿t cost5 and
shared costs. including 5LlPPOrt costs Involved in undertaking each activity. Dirert Costs altnbutable to a single
activity are allocated direcuy to that activty. Shared costs which contribute to more than one ath.vity and
support costs which are not attributable to a stngle activity are apptsrts"on8d b6tween ￿Ose activitEs on a basis
consistent with the use of rèsources. Central staff costs are allocated on the basis of time spent, and
depreciation charge5 are allocated on the p<*ts"on ol the asset's use.
1.6 Flxed asset investments
Fixed asset investments are inib.ally measured at transaction pri￿ exdtjding trans8cb.on (x)515. and ar8
subsequentty measured at fair value at each reporting date. Changes in lair value are reccgnised in net
incom8lle¥penditurel for year. Trans￿ costs are expensed as incurred.
1.7 Cash and cash equivalents
Cash and cash equivalent5 indude cash ni han¢J, deposits held at call with banks. other short-tem) liquid
investments with original tn8turities of th￿e months or less. and bank overdrdfts. Bank overdrafts are shown
within borrowings in cufrenl liabilibes_
Basic financfflal assels
Basic financial a55et5. which indud* deblors and cash and bank balances. arè inib.ally mèasured at
transaction price induding transa￿on costs and arè sut)seqL%ently Carr￿ at arnortised cost Usin9 the effective
interèst method unless the arrangement constitut8s a financing transacb"on, Whe￿ the transaction ￿$
rneasured at the present value of the futts￿ rece&pts discounted at a matket rate ol interest. Financial asseis
classified as recewable within year a￿ not aM0￿se￿.
84sic financial liabillti•s
Basic financial liabilities, Including t￿dItorS and bank loans are initlally recD9lllsed * transaction price unless
the arrangement constitutes a financing transaction. where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interest. Financk41 liabilities classified as payable
thin orse year a￿ not aM0￿Se￿.
Debl instruments are subsequendy carried at amortis8d cost. using the effedive interest rate method.
Trade creditors are obligations to pay for gcmxss or seNces that have been acquifed In the Drdinary course of
operations frorn suppliers. Arnounts payab￿ are classffied as cvrrenl liabilities if payment Is due within one
year or less. If not, they are preserhted a5 non-IXlTrent liabilits'es. Trade creditors are recognised In￿allY at
transaction price and subsequently measured at amorbsed cost u&ng th8 effective inlefest method.
Dorecognition of financial liabilityes
Financial liabilities are de￿rA)gnIse(l wh8n the trust's contractual 0ts4igations expire OT are discharged or
Can￿lled.
1.8 Employee benefits
The cost of any unused hdKlay entrtlèment is rec(yJnised in the pemd in which the ern￿OYee'S services arg
received.
Tem)ination benefits are recognised imrnediately a5 an expense when the trust is demonstr8bly committed to
terminate the employment of an employee or to pmMde termir¢ats'on benefits.

ROTARY CLUB OF BIRMINGHAM ENDOWMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2023
Crltleal a¢¢ounting estlmates and judgements
In the application of thg tnjst's accounb.ng pohci&s, thè trustèès arè r8qiJired to makè jud9trmonts. 8stim8le5
and 85sumplions about the carying amount of assets and Iiabilitses that a￿ not readily apparent frorn olher
sources. The estimates and associated assumptions a￿ based on historical experience and othef factors that
are considered to be relavant. Actual rèsults may diffei from thèsè esh"mates.
The estimates and underfying assumptions are revie*ed on an or¥Joing basis. Rewsions to accounting
estimates a￿ recognised in the period in whith the esb.mate is ￿￿Sed where the rèvision affects (nly that
period. or in the period of the revision and fvture periods Whe￿ the revision affects bc*th current and luture
periods.
Incomè from investments
Unrestricied Unrèstrictèd
funds
funds
2023
2022
In¢ome from listeil investments
35.081
32,656
Expenditure on raising funds
Unrestriet•d Unrèstricted
funds
funds
2023
2022
Investment management
7,363
8,045
Expenditure on charitable activities
2023
2022
Direct costs
Accountancy
2,007
500
Grant funding of acti¥7tie5 {5ee note 61
30.380
35,100
32,387
35,600
Analysis by fund
Unrestricted funds
32,387
35.600
Grants payable
2023
2022
Grants to institultons..
Oiher
30,380
35.100

ROTARY CLUB OF BIRMINGHAM ENDOWMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED S APRIL 2023
N•t movèmènt in funds
2023
2022
The net movement in funds is stated after thargIn￿(Crediting)".
Fees payable for Ihe irKlependent examination of Ihe charity's fina￿13
statements
550
Trustees
None of the trustees lor any pe￿￿$ connectéd wth them) received any remuneration or benefits from the
trust during the year.
Employees
The av8r898 monthly number of employees during the year was..
2023
Number
2022
Number
Total
There were no employees whose 3nnu* remunewatK)n was more than £60.0￿.
10 Oth•r •xp•nditur•
Unr¥stri¢t•d Unr•stricted
funds
funds
2023
2022
Olhef expenditure
1,660
11 Gains and on investmonts
Restri¢led
funds
2023
Restricted
fund5
2022
Gainslllosses) ari￿ng on..
Revaluation of investments
Sale of investrrtenls
(69,6001
16.813
77.758
13911
152.7871
77,367
12 Tax•tTron
The tharity is exempt from taxatw on its actiwtre5 because all its in(x)fne 15 gpplied for charrtable purrx)ses.

ROTARY CLUB OF BIRMINGHAM ENDOWMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2023
13 Flxed ass•t Investments
Listed
Inv•stments
Cost or valuatlon
At 6 April 2022
Additions
Valuation change5
Profit on disposal
Disposals
1.051,027
155,241
169,600}
16,813
{144.6961
At 5 &DriJ 2023
1,008,785
Carylng amount
At 05 April 2023
1,008,785
At 05 April 2022
1,051.027
14 Credltors: amounts falling due wrlhin orse year
2023
2022
Accnjals 8fKI dèferred income
2,000
10.349
15 Re$tri¢t•d funds
Thè rèstricted funds of the charity comprise the unexpended b35ances of donations and grants held on trust
subject to speafi¢ ¢ondth"ons by donors as to how they may be us&J.
At 6April
2022
Gains and
losse5
At 5April
2023
1.081,914
152,7871
1,029,127
Previous y•ar=
At 6 April
2021
Galns and
lo$s•
At 5April
2022
1.CK)4,547
77.367
1,081,914
10-

ROTARY CLUB OF BIRMINGHAM ENDOWMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2023
16 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balan￿ of donations and grants which arè
not subject lo specific conditions by donors and grantors as to how they may be used. These indude
designated funds which have been set aside oul of vnr85tn"rL8(l fvnds by the trustees for specific purposes.
At 6 April
2022
Incoming
r•soure•s
Resources
expended
At 5April
2023
General fvnds
16,561
35,081
141,4101
10.232
Prèvious yèar.
AI 6April
2021
Incoming
resources
Resourc
expended
At 5 April
2022
General funds
27.550
32,656
143,6451
16,561
17 Analysls of net assets between fvnds
Unre5trided
fund5
2023
R•$trict•d
funds
2023
Total
2023
At SApril 2023:
Investments
Current assetsllliab1l￿e$)
1.008.785
20.342
1.008.785
30,574
10.232
10.232
1.029.127
1,039,359
Unrestricted
fursds
2022
Re5tri¢ted
fvnds
2022
Totsl
2022
At S April 2022:
Investrnents
Current assetsllliabilrt¢esl
1.051,027
30,887
1.051.027
47,448
16.561
16,561
1,081,914
1.098.475
18 Rèlatèd party transactlons
The¥e were no disdoSat￿e related party trarb5a(knns during the year12022- none).
11