THE ROTARY CLUB OF ILKLEY TRUST FUND
Apartment 7 Willow Springs 6a Gilstead Way Ilkley LS29 0DB
Annual Trustees Report 2021/2022
- 1) Trustee Personnel
The trustees are Christopher John Dodson, Arnold Wadkin Read, John Kelvin Newberry and Roderick Walmsley.
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2) Investment Management
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Investment Brokers Cardale Asset Management of Harrogate have, with the approval of the FCA (Financial Conduct Authority), been acquired by Titan Wealth Holdings. The Cardale name and brand will remain as will the management team led by Lisa Sturges. MCSL, Investment Manager, who will continue to act as broker of the club’s investments. However, our first point of contact remains as Harry Henderson, Investment Adviser, at Cardale Asset Management. The Trustees have been informed of all changes in the portfolio with a full quarterly written report by the broker.
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3) Report to the Club
Expenditure from the Trusts is identified by appropriate Club Members supported at Club Meetings and activated by the Trustees, who report verbally at appropriate monthly meetings.
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4) Trust Income and Expenditure
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Full details are included in the Annual Balance Sheet. Income arises from dividends and interest. The Trustees, with approval from Club Members, may, from time to time, draw upon the capital element of the Trust in addition to the income generated from the Trust. The Frank Newbould Legacy continues to be applied to youth and education as Frank wished.
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5) Portfolio Valuation
The broker continues to ensure that the risk is low/medium in both Rotary House Trust and in the Frank Newbould Legacy. Changes in valuation are reported to the Club in writing.
Details of annual changes are included in the Annual Balance Sheet.
Roderick Walmsley, Trustee.
12th September 2022
ROTARY CLUB OF ILKLEY Charity Number: 500695
ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2022
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ROTARY CLUB OF ILKLEY
BALANCE SHEET AT 30 JUNE 2022
| GENERAL FUND CHARITY FUND ROTARY HOUSE TRUST (Note 2) FRANK NEWBOULD LEGACY (Note 2) Represented by:- Brought forward Profit/(Losses) on Disposals CURRENT ASSETS Cash & Bank Balances General Fund Current Charity Fund Current Rotary House Trust Current Newbould Legacy Current ………………………………………………….. S Dolby - President INVESTMENTS(Note 2) |
2022 2021 £ £ £ £ 6576 7171 2283 2458 117069 130374 43335 42513 169263 182516 168058 158874 -11076 9184 156982 168058 6576 7171 2283 2458 3001 3544 421 1285 12281 14458 169263 182516 ………………………………………………….. C Dodson - Treasurer |
|---|---|
| …………… |
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ROTARY CLUB OF ILKLEY
INCOME AND EXPENDITURE ACCOUNT - GENERAL FUND FOR THE YEAR ENDED 30 JUNE 2022
| INCOME Subscriptions Charter Dinner Special lunch Journal EXPENDITURE Subscriptions - RIBI District President's Allowance PP Regalia Speakers and Guest Meals Projector Charter Dinner Gambling Registration Frugal Lunch Journal Accountancy British Legion Special Lunches RIBI Website Bank Charges Sundry expenses SURPLUS (DEFICIT) FOR THE YEAR BALANCE BROUGHT FORWARD BALANCE CARRIED FORWARD |
2022 2021 £ £ £ £ 2200 2633 540 0 48 0 0 1050 2788 3683 1139 1340 0 378 507 58 0 94 48 0 451 0 763 0 20 0 0 150 0 803 216 216 25 100 72 0 50 50 32 0 60 0 3383 3189 -595 494 7171 6677 6576 7171 |
2022 2021 £ £ £ £ 2200 2633 540 0 48 0 0 1050 2788 3683 1139 1340 0 378 507 58 0 94 48 0 451 0 763 0 20 0 0 150 0 803 216 216 25 100 72 0 50 50 32 0 60 0 3383 3189 -595 494 7171 6677 6576 7171 |
|---|---|---|
| 494 6677 |
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| 7171 |
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ROTARY CLUB OF ILKLEY
INCOME AND EXPENDITURE ACCOUNT - CHARITY FUND FOR THE YEAR ENDED 30 JUNE 2022
| INCOME Whisky Foundation Blue Box Holly Ball Shelter Box Business Quiz EXPENDITURE Foundation Feast Business Quiz Holly Ball Foundation RNLI Bank Charges Accountancy Other expenses Hope for tomorrow SURPLUS (DEFICIT) FOR YEAR BALANCE BROUGHT FORWARD BALANCE CARRIED FORWARD |
2022 2021 £ £ £ £ 0 0 1103 260 0 10 17709 200 0 0 1445 0 20257 470 770 260 400 0 18499 200 230 0 0 250 57 0 276 276 200 0 0 250 20432 1236 -175 -766 2458 3224 2283 2458 |
2022 2021 £ £ £ £ 0 0 1103 260 0 10 17709 200 0 0 1445 0 20257 470 770 260 400 0 18499 200 230 0 0 250 57 0 276 276 200 0 0 250 20432 1236 -175 -766 2458 3224 2283 2458 |
|---|---|---|
| -766 3224 |
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| 2458 |
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ROTARY CLUB OF ILKLEY
INCOME AND EXPENDITURE ACCOUNT - ROTARY HOUSE TRUST (Note 2) FOR THE YEAR ENDED 30 JUNE 2022
| INCOME Transfer from Cardale Dividends EXPENDITURE Accountancy Bank Charges Donations: Olicanians Cricket Club Friends of Riverside Park Ilkley Stroke Club Ilkley Community Transport Carers Resource Improving Ilkley Ukraine Appeal Holly Ball Manor House Trust James Journey Indian Covid Appeal Ilkley Good Neighbours Xmas Parcels SURPLUS (DEFICIT) FOR THE YEAR BALANCE BROUGHT FORWARD Movement on Investments BALANCE CARRIED FORWARD |
2022 £ £ 16500 694 ____ 17194 82 33 600 120 400 4000 800 1000 3500 2952 3500 0 0 750 17737 -543 130374 -12762 117069 |
2021 £ £ 0 1044 ___ 1044 78 0 0 0 0 0 0 0 0 0 2000 2500 2000 750 7328 -6284 130651 6007 130374 |
2021 £ £ 0 1044 ___ 1044 78 0 0 0 0 0 0 0 0 0 2000 2500 2000 750 7328 -6284 130651 6007 130374 |
|---|---|---|---|
| -6284 130651 6007 |
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| 130374 |
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ROTARY CLUB OF ILKLEY
INCOME AND EXPENDITURE ACCOUNT - FRANK NEWBOULD LEGACY (Note 2) FOR THE YEAR ENDED 30 JUNE 2022
| INCOME Investment Income EXPENDITURE Accountancy Bank charges Donations: YCA Wharfedale Music Hand Writing Competition SURPLUS (DEFICIT) FOR THE YEAR BALANCE BROUGHT FORWARD Movement in Investments BALANCE CARRIED FORWARD |
2022 £ £ 349 349 82 31 800 300 0 1213 -864 42513 1686 43335 |
2021 £ £ 304 304 78 0 300 300 278 956 -652 39587 3578 42513 |
2021 £ £ 304 304 78 0 300 300 278 956 -652 39587 3578 42513 |
|---|---|---|---|
| -652 39587 3578 |
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| 42513 |
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NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2022
ROTARY CLUB OF ILKLEY
1. ACCOUNTING POLICIES
Income and Expenditure
Items of income and expenditure relating to both General and Charity Funds, the Rotary House Trust and the Frank Newbould Legacy are credited or charged to the Income and Expenditure Accounts at the time the cash is received or paid.
2. INVESTMENTS (Rotary House Trust and Frank Newbould Legacy)
The Rotary House and Frank Newbould Trust Funds are so named for identification purposes. They are held upon the like trusts as the other Charity Funds.
Investments are stated in the Balance Sheet at cost.
Total current market value (as at 30 June 2022) is £152,820.
| Managed Funds Fixed Income UK Equities Cash Balances |
TOTAL RHT FNL 2022 2022 £ £ £ 20,712 18,643 2,069 126,357 93,126 33,231 9913 2299 7614 156982 114068 42914 |
TOTAL RHT FNL 2021 2021 |
|---|---|---|
| £ £ £ 21608 21608 0 130997 92693 38304 15453 12529 2924 |
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| 168058 126830 41228 |
THE ROTARY CLUB OF ILKLEY
Independent Examiner’s Report to the Trustees of The Rotary Club of Ilkley.
I report on the accounts of the trust for the year ended 30[th] June 2022.
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Respective responsibilities of trustees and examiner
As the charity’s trustees you are responsible for the preparation of accounts: you consider that the audit requirement of Section 43(2) of the Charities Act 1993 (the Act) does not apply. It is my responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under Section 43(7)(b) of the Act,. whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
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which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with Section 41 of the Act, and to prepare accounts which accord with the accounting records, and to comply with the accounting requirements of the Act have not been met, or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
D A Crowther SKS Bailey Group Limited Chartered Accountants NatWest Bank Chambers The Grove Ilkley LS29 9LS
12th September 2022
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