Charity regiatTation numbeT 27950D (England and Wales) ROTARY CLUB OF BIRMINGHAM ENDOWMENT TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2025
ROTARY CLUB OF BIRMINGHAM ENDOYVMENT TRUST LEGAL AND ADMINISTRATIVE INFORMATION Tru8tee8 r¥lT Paul INood Ir Barry Badham Nlr u cnoudhury Tr.fjr David Payne Mr Robert Lee Charity nurnber {England and Wale•l 279500 Principal addre¥¥ The Old Byre 1 Pvleadow Farm Wolverton Stralftsrd Upon Avon Wav'ic$hire CV37 OHG Independent examiner JeTh0rn5 Lumaneri House Bl5¢he Gate Blylhe l.'alley Par Ivesi IAidland¥ 890 8AH
ROTARY CLUB OF BIRMINGHAM ENDOWMENT TRUST CONTENTS Page Trugtee$' report Independent examiner'8 report Slaiemenl of financial acts'vrties Balance sneet Notes lo the financial slaiements 6-12
ROTARY CLUB OF BIRMINGHAM ENDOWMENT TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 5 APRIL 2025 The Iru91ee8 pre$enr their annual report and financial siaiements for the year ended 5 April 2025. The financial ststements have been prepared in ace¢rdonce wilh the accounting policies sei oui in note 1 to the finannkil staten)ents ana comply ivitr the trusts governing docurreni, the CnariDe$ Aci 2011. FRS 102 'The Financial Reporting Standard applicable In the UK and Republic of Ireland" and ie Cnaritses SORP ,COUntIng and Rcportin9 by Charircs.. Ctalement tsf ftecommen¢Jed Practice applicable tc charitleB prèp3rirTg their 3ccounte in a-cordanee iwith the Financial Reporting Standard applicable In rhe UK an¢J Republic of Ireland IFRS 1021-. Objectives ond 8ctivitie$ The Trusiees have absolute discretion In applyrng the annual Income of Ihe Trusi for chantable pUOse5. Although Ihe area ol benefit Is iorl¢thwide, tradiuonally th3riiieg ID the We$1 Klidlands antj those connecred s¥itM Rotary have been favoured. Public benefit The wustee$ have paj 4Jue regard to guidance issued by the Chanty Comrpis$ion in deciding whar actviues the trusi should undeftake. Financial VIeW The Trustees consider tral the performance of the Tru81 ias 83tisfacrory and In line with its objecbves. Brewin Dolphin Limited. inveslrnenE managers to the Trust, continue(J managing the inYe51rnenl partrolio on a di8¢rettonary basis. At 5 April 2025. the net assets ol Ihe TfU$t $wod ai £ 1.057 141 cornpared ivilh the prevU$ year ol £1.093,986. Reserves policy The operaiin9 expenses o.. the TNSI a.'e not significant. and the.'elore. no reserve policy to cover these is needed. The accumulated funds are InvesLe¢ and available to meet the Oblts of the TrJ5r. StructUTe. governance and management The Trust is a registereQ chanty Inumber 27950QI estat*lished under a twsi deed dated 29 November 1979. The trusiee8 who seryed dunng the year and up io the dafr of si9nabJre of the financial statemen15 were". Ivlr Paul Wcod Ir Barry 8adham Ir Stuart Guy Mr Anthony Chof.,ey Mr U Choddhury Ir Dav,.d Payne Ir Robert Lee Resigned 6 January 20251 ,Resianed 6 Januar). 20251 fteciuilment &ppointmeiTrf of trustees The ex-officio Irusteeships re13ting lo the President and the freasurer of The Rorary Club of Birmingham change by annual appoiniment. The fru81 Ma8 a plan In place 10 ideniify and l.ain new Trustees as and Iihen th&/ tiecome alare of individuals I"1[ an interest in its aciivities. or wtten Il Is perceived that a Tw$tee has an additional skill set. to corr,plemenl those held by Me current Trustees. as required.
ROTARY CLUB OF BIRMINGHAM ENDOWMENT TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 btstement ot Trusiee8' re8pon8ibilrties Chariry legislation requires Tru51ee$ to prepare fin3ncial staiernents for eaeh financial year which give a true and fair vieiv of the Incc)ming resources and application of resources for Ihat peri¢yJ. In preparing the accounis, suitable aecounting polfcies have been adopted and consislenly apDlied lo the begt ol the Trustees, kno%vtedoe and belief. by ralerence to r•asonabl• and prudenr jud9ement$ and estsmate9. Applicable actnn9 8tand3rdg h3ve been followed. The Tru8lee$ are responsible for maintainin9 adequate accounting records. for 8aftguarding the assets ol the Charny fof pieyenung d¥itJ dvlrLlii?y Iidu¢J dnu other irregulanties. The TnJ3lccs are also required to indicate wfiere the financial stslemen13 are prepared other than on the ba$13 that Ihe Charity Is a going coneem. Independant Examinerf8 Report 11 i* th¢ Inlcntion ol the Trustees to reappoint J¢rrom) for the coming year. The tru3tees' report wa5 approved by the BoaT¢y of Twgtees. Mr Paul Wwd Tru$te¢ 16 October 2025
ROTARY CLUB OF BIRMINGHAM ENDOWMENT TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ROTARY CLUB OF BIRMINGHAM ENDOWMENT TRUST I repofi to the trustees on my examination of the finanoal statements of Rotary Club of Birminghwr Endowment Tw$1 lthe trust) for the year ended 5 April 2025. Respon8ibililie# and ba$l$ of report As the rrustees ol the trust you are responsible for the preparation of the financial statements Sn aceoTdance wsth the requirements of the Chant5 Act Za11. I report in respect of my exarnination of the trust's financial staternenr8 carried out under section 145 of the Chanties Aci 2Q11 In carrying out m> examination I have followed the Oirection$ gsven by the Chanty Commisson undef secb'on 14515iibl of the ChariDes Aci 2011. Independent examinerf5 Statemeni Your atienlion 1$ draivn to the fact thar the chafity ha5 prepar•d the financial statements In accordance ivilh the relevant version of the Statement of Recommended Pracbee applicable chafities prepafjng their financ'.al 8talew.ents In accordance with the Financial Reportino Stsndard applicable in tre UK and Republic of IrelanY IFRS 1921 In preference to tre Accouniing and Reponing by Charioes.. Staternenr of ReC0Mended Practice issued on I April 2005 which 1$ referred to in the extant regulations but has noiw been 'ithdra.•n. l understand Ehot this has Deen aone In order for Lle financial staiernenis to provide a twe and fair Vie in accordance viilh UK Generally Accepted Attovnlin9 Pracb"ce. I have completed rny exarninalion. I confirm thar no matters have come lo my attentn In ¢onnecllon with the exarnination 9iving me cause ro belIee that in any material respect.. 3cco'Jnlin9 records t¥ere not kept in regpeet of the trLJgt 3$ required by 8•r_lieJn l_An dl thp. P.h3riiies Act 2011. the fvnanoal statements do ftot accord 4vith those record8," or the financia! Staterr.en not mplY iwlth the applicable requiremen18 concerning tre foTrn and conient ol financial statements sei oul in the Chantses jAccouniS and Report51 Re9uiaiicns 2008 other than ail y requ.'renient Ih3t the financial 31arr.enls give a true and fair view. I1ch noi a rnatler considered as part of an Independeni examinatDn. o concerns and have come across no Olhei matrefs in connection ivith vie examinarion to ihich attention Id be dFaW9 In this report ln ortyer to enable a proper UnderSnlng C>f the financial StateentS to be reached (A lo/hb. Richard Horioi FCCA cnartereb cert.fied Accountant Je0¥ Lumaieri House Blythe Gate BIWhe l/a!ley Pèrk Wesl Nlidland8 B90 8AH 16 October 2025
ROTARY CLUB OF BIRMINGHAM ENDOWMENT TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR END5D 5 APRIL 2025 Unrestricted Restricted Jnds fund8 3025 Total Unrestricted Restricted funds nds 2Q24 2024 Total 2025 2025 2024 Noteg Income from: Other irading activities InVesents 144 39.761 144 39.761 293 35,549 293 35,549 Totftl income 39,905 39.905 35.842 35,842 Expenditure on: Rai8intJ fL+nd5 Charitable activitses Othef expendrture 7.919 28.713 7,919 28.713 5,452 24,538 28 5,452 24,538 28 11 Total expenditure 36.632 36.632 30,018 30,018 Net 9ain&llossesl on investments 12 140.1181 140.7181 48,803 48,803 Net incomellexpendiiurel and movernent in funds 3,273 140.1181 136.8451 5,324 48,803 Reconciliation of funds., Fund balances è16 Agril 2024 16.056 1,077,930 1,093,966 10.232 1,029,127 1.039.359 Fund balance8 •15 April 2025 19,329 1,037.812 1,057.141 16,056 1.077,930 1,093.986 The statement oi financial acti¥rties indudes all gains and losse$ recognised in the year. All income and expendibjre derive from continuing acts¥ibes.
ROTARY CLUB OF BIRMINGHAM ENDOWMENT TRUST 8ALANCE SHEET AS AT 5 APRIL 2025 2025 2024 Notes Fixed 088ets Invesrments 14 1.010.493 1.058,767 Currenl a$8ets Casn al bank anu In hand 52,648 39.219 Creditorg: amount$ falling due within one year 16,0001 14.(X)O} Net current a¥8et$ 46.648 35,219 Total assets le$$ current liabilities 1,057. 141 1.093,986 The fund¥ of the trust Restricied income fund$ Unre51ricred funds 16 17 1.037.612 19.329 1.077,930 16,056 1.057. 141 1.093,986 The fiTaDciai statement8 were approved by Lye Iru$tee8 r>n 16 October 2025 Ir Paul I'vd Trustee
ROTARY CLUB OF BIRMINGHAM ENDOWMENT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 Accounting policie Charoty inlormatio Rotsry. Cluts ol Birmingham Endowrnent Trus1 is an endovmient th18t established by The Rotary Club ol Birmin9ham under a trust deeil ijaied 29 November 1979 to generate Income in order lo assist ehanties and uther good cau3es. 1.1 Basts of preparation The financial statements have been prepared in a¢cordarce wrth Ihe trust8 governing docurnent. the Charities Aet 2011, FRS 102 'The Financial Reporbng Standard applicable in tre UK and Republic of Ireland" and the Charitres SORP "Accounting and Reporti by Chanlies. Staternent ol Recomrnended Practice applicable io charities pre?arino their account8 in accordance wrth the Financial Reoorting Standard aDolicable in the UK and Republic of Ireland IFRS 1021.. The trust 18 a Public Benefit Entity as defined by FRS 102. The trust has tsken advantage of the provislan8 in the SORP for chariiie8 not to prepare a ¥talerneni of flow8. The finèTrial statements have departed from the Charites (Accounts and Report51 Regulab"ons 2008 only 10 the ¢xl¢nt r¢quifed to piovide a true an<J fair ew. Thi3 dcparturc has involved followin9 the Statement of Recommended Practice for charibes applying FRS 102 rather than the versbon of the Statemeni of FléeommÈndèd Praetiee which i# referred lo in the Regulalions but whith 7$ since been ivrthdrawn. The financial statements are prepared in $lertin9. 18 the functional cuffenry of the trust Monetary amounts In these financial Statements are Tounded to the ftearest £. The financial 5tsternent$ have been grepared under the historical cost convention, Irnodrfied lo Include the revaluation of freehol¢ propertie5 and to include Investment properties and certain financial InslrLments at lair valuel. The principal accounting policies adopted are Sel out below. 1.2 Going concem At Ihe tme of approving the financial slaiements. the frustee$ have a reasonable expectation that the trust has aoequate resources io conunue In operaiionai exJ$ience for the foreseeaoie futyre. Tttu3 ihe e8 eonbnue lo adopi Ihe going concern tya8is of accounting in preparing the financial staternents. 1,3 ChaTrtable fund¥ Unrestricted funds are available for use at the di$creti¢Jn of the tru8iee8 in furtheiance of their chariiable objeetives. Restricied frJnds are subject to specific con¢ilion$ by donor¥ or grantors as to how they rnay be uged. The PUfpo$e8 and uses of the restricted fund8 are set out in the notes the finaneiol sleMents. EndowThenl lund# ate subject ¢0 specific condrtiOll3 by donors that the catal muBt be maintained by the trust. 1.4 In¢om• In¢orne is recognised when the trust 1$ legally entitled to rt after any performance conditsons have been met. ttte amounrs can be measured reliably, and li L8 probable Ihal ineome wll be receively Cash donations are recogni$ed on receipt. Other donatson¥ are recognised once the mist ha8 been nffied ot the donats"on. unless perfomiance Cond"0n8 require deferral of the amounL Income lax recoverable in relatIn io donats.ons received under Gift Aid or deeds of covenant is recognised ai the bme ol the donation. Legacies are recognised on receipt or otherwige rf the trust has been noiified of an Impending distnbubon, the arnount Is knovin. and reeeipl is expected. 11 the amount is not known. the legacy 1$ treated as a contingent asget
ROTARY CLUB OF BIRMINGHAM ENDOWMENT TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 Accounting policie• (Continued) 1.5 Expendituie Expenditure Is recogne once there is a legal or constructive oblwation to transfer econorn¢ benefit io a third ?arty. it 15 pfcsbable that a tfangfer of economic benefiis wll be reQuid in setlement. and tle arnount ol Ihe 0allOn can be mea$ure¢J reliably. Expenditure Is cla5siffied by ae)viry. Tne cost$ of each atlivity are ade up of the total ol dir1 costs and shared costs 5ncluding Support C¢SLg Involved in undertaking each activiry. Oirect costs attributable ro a single acb"v.'ty are allo¢aie4 dire¢Jy to that activity. Shared costs which contribLSre to rnore than one acbvrty and ¥upport Costs wnieh are nor attnbutsble 10 a single activity are aFQOrtione¢ between those actyiues on a bas18 consistent i*ith the use of resaur-es Central staff eosts are allocated on the basis cf time spent. and depreoatson chafges are allocared on Ihe poOn of the avtset"s use. 1.6 Fixed aJ$el investments Fixed asset Investments are Initially measured at transaction price emcluding transacnon costs, and are subsequently measured ai lair value al each repornng date. Changes In fair value are iecognised In net income,'lexpenditurei tor the year. Transacton eo$i8 are expense¢ as incurred. 1.7 Ca8h and c•¥h equivalenl$ Cash and cash equivalents Include ca8h in hand. depo$rt$ held al call iNith banks. other short-tem liquid Inve$Dments viiih oiiginal .3jrit1es of three rnonths or less, and bank overdrafts Bank overdrafL3 are shown wrthin borrowings in current liabilities_ Basic financiT&I assets 8asic finanCal assets. whh include debtors and cash and bank balances. are iniiially measured ai transaction price Irscluding transaction co$ts ané are $ub$equently carried ai amDrtised COSE uyng rhe e.-,eciive inlerest method unless the arrangerDent ¢on51itule$ a financing transaction. IA,here the transaction 19 mtagurett at the present value of the fuiure receipts discounted at a markèt role of interest. Financial asgels elassffied a$ receivable ivilhin one year ale not amortised. Basic financial liabilities Bas1c financial liabilrties. ineluding credi(ors an¢ bank loan5 are inrtialty recognised ar transaction pnce unless Ihe aryargement cons¢rtures a finanon9 transaction, i¥here the debt 5nstrument is mea5dred at the psent valye of the ftjlure payments di$counted at a rnarket rate of nierest. Financial liabilrties dassffjeif as payablè wrth1n one year are not amoT09ed. Debt instrumenis are sub8equently eaffièé ai amorbgod eo$r. u94ng the effectyve interest rate method. Trade creditors are obligations ro pay for goods or seryices that have been acquired in the ordinary course of operation5 from suppliers. Amounrs payable are c+asstfied as current liatJilite$ if payment is due within one year or less. If not, they are presenieo as n?n-¢urrent liabilities. Trade '. editors are recognised inrtially at t¥ansaction price and subsequenuy ¥p.easure4J at arnorti8ed Ccsst Using the effective Interest method. Dor(thcognifion ol flnanclal Ilatsllllles Financial lialitIeS are derectyni8ed when the iwsfs ntraCtUal otyligau'on¥ expire or are discharged ¢X cancelled. 1.8 Employee benefit• The Cost ol any unu¥¢d holiday entrtlernent Is reco9ni$ed in the pefd in which the ernployee s services are received. TeminaDon benefits are feeognised Imrnedialely as an expense ivhen Ihe tru$t Is dernonstrably commrtted to teminate the employment of aft employee or to provide termination benefits_
ROTARY CLUB OF BIRMINGHAM ENDOWMENT TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 Critical accounting e¥timete¥ and judoemenl$ In the ap?Iication of the Irusl's 3ccounling policies. the trustees are required to make judgements, estimate8 any assumptions about the carying amount of assets and liabilitS that are noi readily apparent from orher sources. The esDmates and a8S0Clated aswmplions ale based on histoncal experience and other factor9 thai ar& tonsidèr@rJ to b• félevant. Aetual re8uIt may drfFer frorr these esiim3tes The e8timatey and un(ledsYng assumptN)ns are feviewed On an 0ft9oing bag18. Revisiony to accounting e8tin)ates are recogn1$ed in the period In which the estirnare is revised where Ihe revision a1fects Mly thai peritrd. or in the penod of the re¥Tron and fuluie period5 where the revisKsn affects both current and luture penods. Income from other tradino •ctivitie8 UnreJtrict¢d Unrestricted funds lund8 2025 2024 Other income 144 293 Ineoma trom Invoetmènt• Unrestricted Unrestricted tnds lund 2025 2024 Income from listed Investments 39.761 35.549 Empenditure on raising fiJnd Un 8tsicted Vnfe*tricted fund8 2025 2024 Investrnent manaoement 7,919 5.452
ROTARY CLUB OF BIRMINGHAM ENDOWMENT TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 5 APRJL 2025 Expenditure on charitable activities 2025 2024 Direct co8t8 Ac¢o'Jntan¢y Legal fees 2.001 1.999 3.600 2.001 5,599 Grant lunding of activities i$ee note 71 26,712 18.939 28.713 24.538 Analy$i¥ by fund Unre5tncted fiJnd$ 28,713 24,538 Gran1$ payable 2Q25 2024 Granls lo in$utution8: Other 26,712 18.939 Net movement in funds 2025 2024 The net rnovemenl in fund$ 13 stateé after chargingJlcTeditingl-. Fee5 payable for the Indepen¢Jent exarnination of ttse charity's financial staiements 550 5SO Trustees None of Ihe tru81ees (or any r$on8 connected i%'ith them) received any remuneration or bene*it5 from the trust during the year. 10 Employee¥ The average rnonthly number of employees during rhe year was- 2025 Number 2024 Number Totsl There were no employees whose annual remuneration wa$ more than £60.000.
ROTARY CLUB OF BIRMINGHAM ENDOWMENT TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 11 Other expenditure Unre8tri¢ted Unfe$tricted funds fund8 2025 2024 Other e¥pendrture 28 12 Gain8 and 1088e8 on investment$ R¢$tricted nd$ 21125 Restricted fund8 2024 Gainslllos8e81 an8ing on.. Reyèlualion of investrnentS Sale of investments 146.$541 6,836 45.106 3,697 140.118) 48.803 13 Taxation Tne cnaNy1$ exempt from walion on lls actwitre$ because all lis Incorne 13 applied for charitable PUfPDSes. 14 Fixed a8$et inve$tmentS Li8ied iTrYestments Cost 01 vèlualion Al 6 April 2024 1.058,767 253.679 146,9541 6,836 1261.8351 Valuauon chang Profit on disposal Disposals Al 5 April 2025 1,010,493 Carrying arnoutrt Al 05 Apnl 2025 1,010,493 Al 05 Apftl 2024 1,058,767 io-
ROTARY CLUB OF BIRMINGHAM ENDOWMENT TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 15 Creditors.. amounts falling due within one year 2025 2024 Aceruals and delerre(f ineome 6.CQO 4,000 16 Reslricted fund$ The restricted fvnds of the chanty cornprise the unexpended ¥alan¢e5 of donations and grants held on trugt subject 10 spvific condrtion8 by donors as ro hovi rhey may be used. At 6 April 2024 G•in$ and 1088e8 At 5 April 2025 1.077.930 140.1181 1.037,812 PViOUS year: Al fj April 2023 Goins and losses At 5 April 2024 1,029.127 48,803 1 077,930 17 Unrestricted frJnd8 The unrestri¢ted funds ol the charity comprise the unexpended balances of donaD¢ns and granis which are nol 5ubiecl lo specific conditions by donors and grantor$ as to hoiv they may be used. Tnese include designated funds whi¢n have been sei asi¢Je out of unie¥tncted funsJ8 by the trustee5 for speeilic purp05e$ At 6 April 2024 Incoming resouTce8 Re$ource8 expended At 5 April 2025 General funds 16.056 39.905 136,6321 19.329 Previou8 year: At 6 April 2D23 IncornirTrg re80urce8 Resources expended At 5 Apti 2024 General funds 10,232 35_842 130.0181 16,056
ROTARY CLUB OF BIRMINGHAM ENDOWMENT TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 5 APRIL 2025 18 Analysi8 ol nel 4ss¢ts between funds Uniegiricted funds 2025 Restricted funds 2025 Total 2025 At 5 April 2025,, In¥esbnents Current assetsllliabilitie81 1.010.493 27,319 1.010.493 46.648 19.329 19.329 1.037.812 1.057.141 Unrestricted funds 2024 Re$tri¢ted fund$ 2024 Total 2024 At 5 April 2024.. InvestThents Current asselsllliabilitiesl 1,058,767 19,163 1.058.767 35.219 16.056 16.056 1,077.930 1,093.986 19 Related party tran$action$ There ivere no éisclosable related party transacbony during the year12024 - none). 12-