## **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. 

- 2) Investment Management 

   - 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. 

- 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. 

- 4) Trust Income and Expenditure 

   - 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. 

- 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** 



**Page 2** 

**ROTARY CLUB OF ILKLEY** 

## **BALANCE SHEET AT 30 JUNE 2022** 

|**GENERAL FUND**<br>**CHARITY FUND**<br>**ROTARY HOUSE TRUST (Note 2)**<br>**FRANK NEWBOULD LEGACY (Note 2)**<br>Represented by:-<br>Brought forward<br>Profit/(Losses) on Disposals<br>**CURRENT ASSETS**<br>Cash & Bank Balances<br>General Fund<br>Current<br>Charity Fund<br>Current<br>Rotary House Trust<br>Current<br>Newbould Legacy<br>Current<br>…………………………………………………..<br>S Dolby  - President<br>**INVESTMENTS**(Note 2)|**2022**<br>**2021**<br>**£**<br>**£**<br>**£**<br>**£**<br>6576<br>7171<br>2283<br>2458<br>117069<br>130374<br>43335<br>42513<br>169263<br>182516<br>168058<br>158874<br>-11076<br>9184<br>156982<br>168058<br>6576<br>7171<br>2283<br>2458<br>3001<br>3544<br>421<br>1285<br>12281<br>14458<br>169263<br>182516<br>…………………………………………………..<br>C Dodson - Treasurer|
|---|---|
||……………|





**Page 3** 

## **ROTARY CLUB OF ILKLEY** 

## **INCOME AND EXPENDITURE ACCOUNT - GENERAL FUND FOR THE YEAR ENDED 30 JUNE 2022** 

|**INCOME**<br>Subscriptions<br>Charter Dinner<br>Special lunch<br>Journal<br>**EXPENDITURE**<br>Subscriptions -<br>RIBI<br>District<br>President's Allowance<br>PP Regalia<br>Speakers and Guest Meals<br>Projector<br>Charter Dinner<br>Gambling Registration<br>Frugal Lunch<br>Journal<br>Accountancy<br>British Legion<br>Special Lunches<br>RIBI Website<br>Bank Charges<br>Sundry expenses<br>**SURPLUS (DEFICIT) FOR THE YEAR**<br>**BALANCE BROUGHT FORWARD**<br>**BALANCE CARRIED FORWARD**|**2022**<br>**2021**<br>**£**<br>**£**<br>**£**<br>**£**<br>2200<br>2633<br>540<br>0<br>48<br>0<br>0<br>1050<br>2788<br>3683<br>1139<br>1340<br>0<br>378<br>507<br>58<br>0<br>94<br>48<br>0<br>451<br>0<br>763<br>0<br>20<br>0<br>0<br>150<br>0<br>803<br>216<br>216<br>25<br>100<br>72<br>0<br>50<br>50<br>32<br>0 <br>60<br>0<br>3383<br>3189<br>-595<br>494<br>7171<br>6677<br>6576<br>7171|**2022**<br>**2021**<br>**£**<br>**£**<br>**£**<br>**£**<br>2200<br>2633<br>540<br>0<br>48<br>0<br>0<br>1050<br>2788<br>3683<br>1139<br>1340<br>0<br>378<br>507<br>58<br>0<br>94<br>48<br>0<br>451<br>0<br>763<br>0<br>20<br>0<br>0<br>150<br>0<br>803<br>216<br>216<br>25<br>100<br>72<br>0<br>50<br>50<br>32<br>0 <br>60<br>0<br>3383<br>3189<br>-595<br>494<br>7171<br>6677<br>6576<br>7171|
|---|---|---|
||||
|||494<br>6677|
|||7171|





**Page 4** 

**ROTARY CLUB OF ILKLEY** 

## **INCOME AND EXPENDITURE ACCOUNT - CHARITY FUND FOR THE YEAR ENDED 30 JUNE 2022** 

|**INCOME**<br>Whisky<br>Foundation <br>Blue Box<br>Holly Ball<br>Shelter Box <br>Business Quiz<br>**EXPENDITURE**<br>Foundation Feast<br>Business Quiz<br>Holly Ball<br>Foundation<br>RNLI<br>Bank Charges<br>Accountancy<br>Other expenses<br>Hope for tomorrow<br>**SURPLUS (DEFICIT) FOR YEAR**<br>**BALANCE BROUGHT FORWARD**<br>**BALANCE CARRIED FORWARD**|**2022**<br>**2021**<br>**£**<br>**£**<br>**£**<br>**£**<br>0<br>0<br>1103 <br>260<br>0<br>10<br>17709<br>200<br>0<br>0<br>1445<br>0<br>20257<br>470<br>770<br>260<br>400<br>0<br>18499<br>200<br>230<br>0<br>0<br>250<br>57<br>0<br>276<br>276<br>200<br>0<br>0<br>250<br>20432<br>1236<br>-175<br>-766<br>2458<br>3224<br>2283<br>2458|**2022**<br>**2021**<br>**£**<br>**£**<br>**£**<br>**£**<br>0<br>0<br>1103 <br>260<br>0<br>10<br>17709<br>200<br>0<br>0<br>1445<br>0<br>20257<br>470<br>770<br>260<br>400<br>0<br>18499<br>200<br>230<br>0<br>0<br>250<br>57<br>0<br>276<br>276<br>200<br>0<br>0<br>250<br>20432<br>1236<br>-175<br>-766<br>2458<br>3224<br>2283<br>2458|
|---|---|---|
||||
|||-766<br>3224|
|||2458|





**Page 5** 

**ROTARY CLUB OF ILKLEY** 

## **INCOME AND EXPENDITURE ACCOUNT - ROTARY HOUSE TRUST (Note 2) FOR THE YEAR ENDED 30 JUNE 2022** 

|**INCOME**<br>**Transfer from Cardale**<br>Dividends<br>**EXPENDITURE**<br>Accountancy<br>Bank Charges<br>**Donations:**<br>Olicanians Cricket Club<br>Friends of Riverside Park<br>Ilkley Stroke Club<br>Ilkley Community Transport<br>Carers Resource<br>Improving Ilkley<br>Ukraine Appeal<br>Holly Ball<br>Manor House Trust<br>James Journey<br>Indian Covid Appeal<br>Ilkley Good Neighbours Xmas Parcels<br>**SURPLUS (DEFICIT) FOR THE YEAR**<br>**BALANCE BROUGHT FORWARD**<br>**Movement on Investments**<br>**BALANCE CARRIED FORWARD**|**2022**<br>**£**<br>**£**<br>16500<br>694<br>__________<br>17194<br>82<br>33<br>600<br>120<br>400<br>4000<br>800<br>1000<br>3500<br>2952<br>3500<br>0<br>0<br>750<br>17737<br>-543<br>130374<br>-12762<br>117069|**2021**<br>**£**<br>**£**<br>0<br>1044<br>_________<br>1044<br>78<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>2000<br>2500<br>2000<br>750<br>7328<br>-6284<br>130651<br>6007<br>130374|**2021**<br>**£**<br>**£**<br>0<br>1044<br>_________<br>1044<br>78<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>2000<br>2500<br>2000<br>750<br>7328<br>-6284<br>130651<br>6007<br>130374|
|---|---|---|---|
|||||
||||-6284<br>130651<br>6007|
||||130374|





**Page 6** 

## **ROTARY CLUB OF ILKLEY** 

## **INCOME AND EXPENDITURE ACCOUNT - FRANK NEWBOULD LEGACY (Note 2) FOR THE YEAR ENDED 30 JUNE 2022** 

|**INCOME**<br>Investment Income<br>**EXPENDITURE**<br>Accountancy<br>Bank charges<br>**Donations:**<br>YCA<br>Wharfedale Music<br>Hand Writing Competition<br>**SURPLUS (DEFICIT) FOR THE YEAR**<br>**BALANCE BROUGHT FORWARD**<br>**Movement in Investments**<br>**BALANCE CARRIED FORWARD**|**2022**<br>**£**<br>**£**<br>349<br>349<br>82<br>31<br>800<br>300<br>0<br>1213<br>-864<br>42513<br>1686<br>43335|**2021**<br>**£**<br>**£**<br>304<br>304<br>78<br>0<br>300<br>300<br>278<br>956<br>-652<br>39587<br>3578<br>42513|**2021**<br>**£**<br>**£**<br>304<br>304<br>78<br>0<br>300<br>300<br>278<br>956<br>-652<br>39587<br>3578<br>42513|
|---|---|---|---|
|||||
||||-652<br>39587<br>3578|
||||42513|





**Page 7** 

**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<br>Fixed Income<br>UK Equities<br>Cash Balances|**TOTAL**<br>**RHT**<br>**FNL**<br>**2022**<br>**2022**<br>**£**<br>**£**<br>**£**<br>20,712<br>18,643<br>2,069<br>126,357<br>93,126<br>33,231<br>9913<br>2299<br>7614<br>156982<br>114068<br>42914|**TOTAL**<br>**RHT**<br>**FNL**<br>**2021**<br>**2021**|
|---|---|---|
|||**£**<br>**£**<br>**£**<br>21608<br>21608<br>0<br>130997<br>92693<br>38304<br>15453<br>12529<br>2924|
|||168058<br>126830<br>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. 

. 

## **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: 

1. 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 

2. 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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