## **Trustees’ Annual Report for the period** ## **From 1 July 2022 Period start date TO 30 June 2023 Period end date** ## **Charity name: Newbury Lions Club (cio)** ## **Charity registration number: 1195354** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|Encouraging service-minded people to
serve their community without personal
reward and encouraging the promotion of
high ethical standards in commerce,
industry, professions, public works and
private endeavours;| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|Supporting youth to develop their skills,
capacities and capabilities to enable them
to participate in society as mature and
responsible individuals; Also to help
families who need assistance and
additional help to organisations.| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|Promoting the Voluntary Sector for the
public benefit by associating with local
authorities to advance education and
provide facilities in the interests of social
welfare to improve the conditions of life
of people in local, national and
international communities; Raising funds
through our fireworks & Speen Fete
which is also helping local people| ## **Additional information (optional)** You may choose to include further statements where relevant about: ||SORP reference||| |---|---|---|---| |Policy on grant making|Para 1.38|Grants are generally made as single
payments between £50 and £5,000;
The Club will not normally support
applications from large national charities
(unless it is from and for the local branch
use) or charities dedicated to issues
deemed by the Club to be already well
funded;|| |Policy on social investment
including program related
investment|Para 1.38||Youth and children’s organisations
-
sport related groups or individuals,
scouting and guiding, youth club
activities, young people undertaking| overseas assignments; In donations to club Para 1.38 Contribution made by volunteers None or in donations to club Other ## **Achievements and Performance** ||SORP reference|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|Have consistently help local people with
everyday grants and improved their living
standards| |**Additional information (optional)**
You may choose to include further statements where relevant about:||| |Achievements against
objectives set|Para 1.41|Over achieved on all objectives| |Performance of fundraising
activities against objectives
set|Para 1.41|Raised over expectations on all
fundraising activities| |Investment performance
against objectives|Para 1.41|None| |Other||None| ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|The review has shown that the receipts and
expenditure for the period have maintained
in the financial year. This has allowed
increased spending on welfare and
charitable gifts.| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|Held for future contributions and a reserve
for future fundraising events| |Amount of reserves held|Para 1.22|£32108| |Reasons for holding zero
reserves|Para 1.22|n/a| |Details of fund materially in
deficit|Para 1.24|n/a| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|None| ## **Additional information (optional)** ## You may choose to include further statements where relevant about: |The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|Fundraising though fireworks display and
other fundraising events plus public
donations| |---|---|---| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|None. All monies held in bank accounts| |A description of the principal
risks facing the charity|Para 1.46|No financial risks only lack of support from
public| |Other||None| ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|Incorporated trust deed| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|C.I.O| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|By club members vote at AGM| |**Additional information (optional)**
You may choose to include further statements where relevant about:||| |Policies and procedures
adopted for the induction
and training of trustees|Para 1.51|Within constitution and required training by
Lions Club International| |The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|Part of Lions Club International and UK
District 105.
President and trustees then club members| |Relationship with any
related parties|Para 1.51|Part of Lions Club International and UK
District 105.| |Other||None| ## **Reference and Administrative details** |Charity name|Newbury Lions Club (CIO)| |---|---| |Other name the charity uses|n/a| |Registered charity number|1195354| |Charity’s principal address|40 Nevil Court, Thatcham, Berkshire.
RG19 3PQ| ||| **Names of the charity trustees who manage the charity** |1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||John Coleman|President||All trustees are appointed by| ||Judith Colby|Secretary||Club members| ||Andrew Watson|Treasurer||| ||Margo Payne|Vice President||| ||EmilyColeman|Youth chair||| ||Adrian Ho|Welfare chair||| ||Peter Wood|Membershipchair||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| – Corporate trustees names of the directors at the date the report was approved **Director name none** Name of trustees holding title to property belonging to the charity |**Trustee name**|**Dates acted if not for whole year**|| |---|---|---| |**None**||| |||| |||| |||| |||| |||| ## **Funds held as custodian trustees on behalf of others** Description of the assets None held in this capacity Name and objects of the n/a charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for n/a safe custody and segregation of such assets from the charity’s own assets ## **Additional information (optional)** ## **Names and addresses of advisers (Optional information)** |**Type of**
**adviser**|**Name**
**Address**|**Name**
**Address**| |---|---|---| |**audit**|Jeanette Lawrence
(FCCA)|29 Spurcroft road Thatcham Berkshire RG19 3XX| |||| |||| |||| ## **Name of chief executive or names of senior staff members (Optional information)** n/a ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details **None** ## **Other optional information** **None** Declarations The trustees declare that they have approved the trustee$. report above. Signed on behalf of the charity's trustees Sign&tUTelsl Full namelsl Position leg Secretary. Chair, etcl Dats T/t 26 0.5 10 34- **CHARITY REGISTRATION NUMBER: 502427** # **Rotary Club of Skipton Trust Fund Unaudited Financial Statements** **30 June 2023** Windle and Bowker Limited Chartered Accountants Croft House Station Road Barnoldswick Lancashire BB18 5NA ## **Rotary Club of Skipton Trust Fund** ## **Financial Statements** ## **Year ended 30 June 2023** ||**Page**| |---|---| |Trustees' annual report|**1**| |Independent examiner's report to the trustees|**5**| |Statement of financial activities|**6**| |Statement of financial position|**7**| |Notes to the financial statements|**8**| ## **Rotary Club of Skipton Trust Fund** ## **Trustees' Annual Report** ## **Year ended 30 June 2023** The trustees present their report and the unaudited financial statements of the charity for the year ended 30 June 2023. ## **Reference and administrative details** **Registered charity name** Rotary Club of Skipton Trust Fund **Charity registration number** 502427 **Principal office** 4 Overdale Grange Skipton North Yorkshire BD23 6AG ## **The trustees** Mr A Forman Mr D Bradbury Mr D Goldie Mrs M Leeming Mr I Smith (Chairman) **Independent examiner** Steven Briggs FCA Windle and Bowker Limited Croft House Station Road Barnoldswick Lancashire BB18 5NA ## **Structure, governance and management** The trustees who have served during the year are set out on page 1 The Rotary Club of Skipton Trust Fund is constituted as an unincorporated Charity under a trust deed dated 15 March 1972 and is a registered charity number 502427 pursuant to the Trust Deed. Trustees are appointed from time to time by a meeting of the Rotary Club and normally serve for a period of five years. **- 1 -** ## **Rotary Club of Skipton Trust Fund** **Trustees' Annual Report** _**(continued)**_ ## **Year ended 30 June 2023** ## **Objectives and activities** The objects of the Charity are: the provision of financial assistance to Rotary charity and other community causes. These recipients can be based locally, nationally or internationally. the provision of financial assistance to other registered charities, institutions and societies. These recipients tend to be based locally. the relief of financial hardship of individuals. the provision of overseas travel grants to young people. the provision of financial assistance to projects for the benefit of the local community. ## **Achievements and performance** It is the policy of the Charity to retain sufficient funds to meet future commitments. Project expenditure is only approved and grants paid when funds are in hand. If there are insufficient projects or grant applications, the surplus should be invested for future income generation and retained for future projects and grants. **- 2 -** ## **Rotary Club of Skipton Trust Fund** ## **Trustees' Annual Report** _**(continued)**_ ## **Year ended 30 June 2023** ## **Financial review** The trust has received funding from individuals, fund raising events, organisations and investment income, enabling it to support a range of projects and causes. The Trust has been able to generate income from fund raising activities and events, in particular a Dragon Boat Race, a Chamber Music and Choral Concert at Skipton Town Hall, a meal at the Three Peaks Bistro and the Skipton Christmas Markets. Club members' donations and Meeting collections were other significant income sources. The Charity Car Park at the Skipton Building Society's headquarters made a profit of £12,314. As a result of these efforts, total income was £42,233.09, but this was to £3,106 less than in 2021-2022 The total for donations in the period of this report was £38,033 70. This was an increase of £21,602.19 on the previous year, which reflected a substantial increase in applications for assistance. Of the total, £24,309 was donated to seventeen local charities, schools, clubs and organizations, including substantial donations to Airedale Hospital, Brooklands Special School, The Principle Trust Children's Charity, Hope for Tomorrow and Skipton Cricket Club. Following the removal of overseas travel restrictions, travel grants were given to four local young people. The Trust passed £1,300 to Rotary Foundation, to assist with Rotary's international work and £2,300 to the Polio Plus campaign, which has almost succeeded in eliminating new cases of Polio worldwide. In addition donations, which totalled £8,004, were made to five international charities, a Sand Dam scheme, a school in South Africa and to six appeals for disaster or humanitarian relief. Many of the teams in the Dragon Boat Race raised money for their own chosen charities. Expenses decreased substantially to £14,387.91, as there was only one Dragon Boat Race this year. All but £3,047.91 of that total was related to that Dragon Boat Race. Christmas Market stall expenses were £847.97. New signage for the Car Park cost £442. The cost of refreshments, prizes and other expenses for Rotary events with young people, such as RYLA, Youth Speaks, Young Photographer and Young Writer was £642.41. Largely because of the increase in donations, expenditure exceeded income by £10,188.52 and the closing balance was reduced to £17,424.36. **- 3 -** ## **Rotary Club of Skipton Trust Fund** ## **Trustees' Annual Report** _**(continued)**_ ## **Year ended 30 June 2023** ## **Plans for future periods** The charitable activities for the year are in accordance with the Charity Commission's guidance on public benefit. The charity continues to provide grants subject to satisfactory application for funding within its charitable aims and objectives as explained above. Planning is in hand for a Brass Band Concert in October and the Skipton Christmas Market in December. Steps have been taken to publicise the availability of grants, through the Club's website and the local press. ## **Responsibilities of the Trustees** The trustees are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and the incoming resources and application of resources of the charity for that period. In preparing these financial statements the trustees are required to: - Select suitable accounting policies and then apply them consistently; - Observe the methods and principals in the Charities SORP; - Make judgements and estimates that are reasonable and prudent; - State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; - Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 1993 and the Charity (Accounts and Reports) Regulations2008. The trustees are also responsible for safeguarding the assets of the charity and hence for taking the reasonable steps for the prevention and detection of fraud and other irregularities. The trustees' annual report was approved on 6 February 2024 and signed on behalf of the board of trustees by: Mr I Smith (Chairman) Trustee **- 4 -** ## **Rotary Club of Skipton Trust Fund** ## **Independent Examiner's Report to the Trustees of Rotary Club of Skipton Trust Fund** ## **Year ended 30 June 2023** I report to the trustees on my examination of the financial statements of Rotary Club of Skipton Trust Fund ('the charity') for the year ended 30 June 2023. ## **Responsibilities and basis of report** As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the financial statements do not accord with those records; or 3. the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view 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 which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Steven Briggs FCA Independent Examiner Windle and Bowker Limited Croft House Station Road Barnoldswick Lancashire BB18 5NA **- 5 -** ## **Rotary Club of Skipton Trust Fund** ## **Statement of Financial Activities** ## **Year ended 30 June 2023** ||||**2023**||2022| |---|---|---|---|---|---| |||Unrestricted|Restricted||| |||funds|funds|**Total funds**|Total funds| ||**Note**|**£**|**£**|**£**|£| |**Income and endowments**|||||| |Donations and legacies|**4**|3,984|–|**3,984**|4,856| |Other trading activities|**5**|34,385|–|**34,385**|38,618| |Investment income|**6**|–|1,125|**1,125**|1,032| |Other income|**7**|2,738|–|**2,738**|843| |||`────────`|`───────`|`────────`|`────────`| |**Total income**||41,107|1,125|**42,232**|45,349| |||`════════`|`═══════`|`════════`|`════════`| |**Expenditure**|||||| |Expenditure on raising funds:|||||| |Costs of raising donations and|||||| |legacies|**8**|13,353|266|**13,619**|20,690| |Expenditure on charitable activities|**9,10**|37,852|950|**38,802**|17,126| |||`────────`|`───────`|`────────`|`────────`| |**Total expenditure**||51,205|1,216|**52,421**|37,816| |||`════════`|`═══════`|`════════`|`════════`| |Net losses on investments|**11**|–|1,072|**1,072**|624| |||`────────`|`───────`|`────────`|`────────`| |**Net (expenditure)/income and net**|||||| |**movement in funds**||(10,098)|(1,163)|**(11,261)**|6,909| |||`════════`|`═══════`|`════════`|`════════`| |**Reconciliation of funds**|||||| |Total funds brought forward||24,671|22,143|**46,814**|39,905| |||`────────`|`────────`|`────────`|`────────`| |**Total funds carried forward**||14,573|20,980|**35,553**|46,814| |||`════════`|`════════`|`════════`|`════════`| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. **The notes on pages 8 to 14 form part of these financial statements.** **- 6 -** ## **Rotary Club of Skipton Trust Fund** ## **Statement of Financial Position** ## **30 June 2023** |||**2023**||2022| |---|---|---|---|---| ||**Note**|**£**|**£**|£| |**Fixed assets**||||| |Investments|**15**||**18,825**|19,897| |**Current assets**||||| |Cash at bank and in hand||**17,424**||27,613| |**Creditors: amounts falling due within one year**|**16**|**696**||696| |||`────────`||`────────`| |**Net current assets**|||**16,728**|26,917| ||||`────────`|`────────`| |**Total assets less current liabilities**|||**35,553**|46,814| ||||`────────`|`────────`| |**Net assets**|||**35,553**|46,814| ||||`════════`|`════════`| |**Funds of the charity**||||| |Restricted funds|||**20,980**|22,143| |Unrestricted funds|||**14,573**|24,671| ||||`────────`|`────────`| |**Total charity funds**|**17**||**35,553**|46,814| ||||`════════`|`════════`| These financial statements were approved by the board of trustees and authorised for issue on 6 February 2024, and are signed on behalf of the board by: Mr I Smith (Chairman) Trustee **The notes on pages 8 to 14 form part of these financial statements.** **- 7 -** ## **Rotary Club of Skipton Trust Fund** ## **Notes to the Financial Statements** ## **Year ended 30 June 2023** ## **1. General information** The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 4 Overdale Grange, Skipton, North Yorkshire, BD23 6AG. ## **2. Statement of compliance** These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011. ## **3. Accounting policies** ## **Basis of preparation** The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. ## **Going concern** There are no material uncertainties about the charity's ability to continue. ## **Fund accounting** ## **Fund accounting** Unrestricted funds are available for use at the discretion of the trustees in furtherance of the purposes of the charity. Restricted funds are subjected to restrictions on their expenditure imposed by the donor. ## **Incoming resources** ## **Income** All income is included in the statement of financial activities when the charity is entitled to the income.The following specific policies are applied to particular categories of income: Donations and legacy income is received by way of donations, legacies, grants and gifts and is included in full in the Statement of Financial Activities when receivable. Investment income is included when receivable. Income from charitable activity is accounted for when earned. **- 8 -** ## **Rotary Club of Skipton Trust Fund** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 30 June 2023** ## **3. Accounting policies** _**(continued)**_ ## **Resources expended** ## **Expenditure** Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates: Costs of raising funds comprise the costs associated with attracting donations, grants and legacies and the costs of generating income. Other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. ## **Investments** Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment. Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure. ## **Investments in associates** Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value taken through income or expenditure. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition. ## **Investments in joint ventures** Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value taken through income or expenditure. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition. ## **Impairment of fixed assets** A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. **- 9 -** ## **Rotary Club of Skipton Trust Fund** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 30 June 2023** ## **3. Accounting policies** _**(continued)**_ ## **Impairment of fixed assets** _**(continued)**_ For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units. ## **Financial instruments** A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. **- 10 -** ## **Rotary Club of Skipton Trust Fund** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 30 June 2023** ## **4. Donations and legacies** |||Unrestricted|**Total Funds**|Unrestricted|Total Funds| |---|---|---|---|---|---| |||Funds|**2023**|Funds|2022| |||£|**£**|£|£| ||**Donations**||||| ||Donations and gifts|2,524|**2,524**|3,366|3,366| ||**Grants**||||| ||District Grant|275|**275**|–|–| ||**Subscriptions**||||| ||Subscriptions|1,185|**1,185**|1,490|1,490| |||`───────`|`───────`|`───────`|`───────`| |||3,984|**3,984**|4,856|4,856| |||`═══════`|`═══════`|`═══════`|`═══════`| |**5.**|**Other trading activities**||||| |||Unrestricted|**Total Funds**|Unrestricted|Total Funds| |||Funds|**2023**|Funds|2022| |||£|**£**|£|£| ||Activities for generating funds|34,385|**34,385**|38,618|38,618| |||`════════`|`════════`|`════════`|`════════`| |**6.**|**Investment income**||||| |||Restricted|**Total Funds**|Restricted|Total Funds| |||Funds|**2023**|Funds|2022| |||£|**£**|£|£| ||Unit trusts|1,125|**1,125**|1,032|1,032| |||`═══════`|`═══════`|`═══════`|`═══════`| |**7.**|**Other income**||||| |||Unrestricted|**Total Funds**|Unrestricted|Total Funds| |||Funds|**2023**|Funds|2022| |||£|**£**|£|£| ||Gift aid|1,281|**1,281**|748|748| ||Other income|1,457|**1,457**|95|95| |||`───────`|`───────`|`────`|`────`| |||2,738|**2,738**|843|843| |||`═══════`|`═══════`|`════`|`════`| |**8.**|**Costs of raising donations and**|**legacies**|||| ||||Unrestricted|Restricted|**Total Funds**| ||||Funds|Funds|**2023**| ||||£|£|**£**| ||Costs of generating funds||13,353|266|**13,619**| ||||`════════`|`════`|`════════`| ||||Unrestricted|Restricted|Total Funds| ||||Funds|Funds|2022| ||||£|£|£| ||Costs of generating funds||20,690|–|20,690| ||||`════════`|`════`|`════════`| **- 11 -** ## **Rotary Club of Skipton Trust Fund** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 30 June 2023** ## **9. Expenditure on charitable activities by fund type** ||Unrestricted|Restricted|**Total Funds**| |---|---|---|---| ||Funds|Funds|**2023**| ||£|£|**£**| |National charities & good causes|12,426|–|**12,426**| |Local charities & good causes|24,658|950|**25,608**| |Support costs|768|–|**768**| ||`────────`|`────`|`────────`| ||37,852|950|**38,802**| ||`════════`|`════`|`════════`| ||Unrestricted|Restricted|Total Funds| ||Funds|Funds|2022| ||£|£|£| |National charities & good causes|5,716|–|5,716| |Local charities & good causes|10,426|200|10,626| |Support costs|784|–|784| ||`────────`|`────`|`────────`| ||16,926|200|17,126| ||`════════`|`════`|`════════`| ## **10. Expenditure on charitable activities by activity type** |||Activities|||| |---|---|---|---|---|---| |||undertaken||**Total funds**|Total fund| |||directly|Support costs|**2023**|2022| |||£|£|**£**|£| ||National charities & good causes|12,426|
–|**12,426**|5,716| ||Local charities & good causes|25,608|
–|**25,608**|10,626| ||Governance costs|–|
768|**768**|784| |||`────────`|
`────`|`────────`|`────────`| |||38,034|
768|**38,802**|17,126| |||`════════`|
`════`|`════════`|`════════`| |**11.**|**Net losses on investments**||||| |||Restricted|
**Total Funds**|Restricted|Total Funds| |||Funds|
**2023**|Funds|2022| |||£|**£**|£|£| ||Gains/(losses) on listed investments|(1,072)|
**(1,072)**|(624)|
(624)| |||`═══════`|
`═══════`|`════`|`════`| |**12.**|**Independent examination fees**||||| |||||**2023**|2022| |||||**£**|£| ||Fees payable to the independent examiner for:||||| ||Independent examination of the financial|statements||**732**|708| |||||`════`|`════`| |**13.**|**Staff costs**||||| ||The total staff costs and employee benefits for the reporting period are analysed as||||follows:| |||||**2023**|2022| |||||**£Nil**|£Nil| **- 12 -** ## **Rotary Club of Skipton Trust Fund** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 30 June 2023** ## **13. Staff costs** _**(continued)**_ The average head count of employees during the year was 1 (2022: 1). The average number of full-time equivalent employees during the year is analysed as follows: ||**2023**|2022| |---|---|---| ||**No.**|No.| |Number of staff - Administration|**1**|1| ||`════`|`════`| No employee received employee benefits of more than £60,000 during the year (2022: Nil). ## **14. Trustee remuneration and expenses** No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. There are no related party disclosures that require disclosure in respect of the period covered by the financial statements. ## **15. Investments** ||**Listed**| |---|---| ||**investments**| ||**£**| |**Cost or valuation**|| |At 1 July 2022|**19,897**| |Additions|**–**| |Other movements|**(1,072)**| ||`────────`| |**At 30 June 2023**|**18,825**| ||`════════`| |**Impairment**|| |**At 1 July 2022 and 30 June 2023**|| |**Carrying amount**|| |**At 30 June 2023**|**18,825**| ||`════════`| |At 30 June 2022|19,897| ||`════════`| All investments shown above are held at valuation. ## **Financial assets held at fair value** SORP 2015 requires that for all financial assets measured at fair value, the basis for determining fair value, including any assumptions applied when using a valuation technique, must be disclosed. ## **16. Creditors: amounts falling due within one year** ||**2023**|2022| |---|---|---| ||**£**|£| |Accruals and deferred income|**696**|696| ||`════`|`════`| **- 13 -** ## **Rotary Club of Skipton Trust Fund** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 30 June 2023** ## **17. Analysis of charitable funds** ## **Unrestricted funds** |**Unrestricted funds**||||||| |---|---|---|---|---|---|---| ||At|||Gains and||**At**| ||1 July 2022|Income|Expenditure|losses|
**30 June 2023**|| ||£|£|£|£||**£**| |General funds|24,671|41,107|(51,205)|–||**14,573**| ||`════════`|`════════`|`════════`|`════`||
`════════`| ||At|||Gains and||At| ||1 July 2021|Income|Expenditure|losses||30 June 2022| ||£|£|£|£||£| |General funds|17,970|44,317|(37,616)|–||24,671| ||`════════`|`════════`|`════════`|`════`||
`════════`| |**Restricted funds**||||||| ||At|||Gains and||**At**| ||1 July 2022|Income|Expenditure|losses|
**30 June 2023**|| ||£|£|£|£||**£**| |General funds|22,143|1,125|(1,216)|(1,072)||
**20,980**| ||`════════`|`═══════`|`═══════`|`═══════`||
`════════`| ||At|||Gains and||At| ||1 July 2021|Income|Expenditure|losses||30 June 2022| ||£|£|£|£||£| |General funds|21,935|1,032|(200)|(624)||
22,143| ||`════════`|`═══════`|`════`|`════`||
`════════`| The restricted fund was set up to provide grants to young people for overseas educational travel. ## **18. Analysis of net assets between funds** ||Unrestricted|Restricted|**Total Funds**| |---|---|---|---| ||Funds|Funds|**2023**| ||£|£|**£**| |Investments|–|18,826|**18,826**| |Current assets|14,573|2,154|**16,727**| ||`────────`|`────────`|`────────`| |**Net assets**|14,573|20,980|**35,553**| ||`════════`|`════════`|`════════`| ||Unrestricted|Restricted|Total Funds| ||Funds|Funds|2022| ||£|£|£| |Investments|–|19,897|19,897| |Current assets|24,671|2,246|26,917| ||`────────`|`────────`|`────────`| |**Net assets**|24,671|22,143|46,814| ||`════════`|`════════`|`════════`| **- 14 -** **CHARITY REGISTRATION NUMBER: 502427** # **Rotary Club of Skipton Trust Fund Unaudited Financial Statements** **30 June 2023** Windle and Bowker Limited Chartered Accountants Croft House Station Road Barnoldswick Lancashire BB18 5NA ## **Rotary Club of Skipton Trust Fund** ## **Financial Statements** ## **Year ended 30 June 2023** ||**Page**| |---|---| |Trustees' annual report|**1**| |Independent examiner's report to the trustees|**5**| |Statement of financial activities|**6**| |Statement of financial position|**7**| |Notes to the financial statements|**8**| ## **Rotary Club of Skipton Trust Fund** ## **Trustees' Annual Report** ## **Year ended 30 June 2023** The trustees present their report and the unaudited financial statements of the charity for the year ended 30 June 2023. ## **Reference and administrative details** **Registered charity name** Rotary Club of Skipton Trust Fund **Charity registration number** 502427 **Principal office** 4 Overdale Grange Skipton North Yorkshire BD23 6AG ## **The trustees** Mr A Forman Mr D Bradbury Mr D Goldie Mrs M Leeming Mr I Smith (Chairman) **Independent examiner** Steven Briggs FCA Windle and Bowker Limited Croft House Station Road Barnoldswick Lancashire BB18 5NA ## **Structure, governance and management** The trustees who have served during the year are set out on page 1 The Rotary Club of Skipton Trust Fund is constituted as an unincorporated Charity under a trust deed dated 15 March 1972 and is a registered charity number 502427 pursuant to the Trust Deed. Trustees are appointed from time to time by a meeting of the Rotary Club and normally serve for a period of five years. **- 1 -** ## **Rotary Club of Skipton Trust Fund** **Trustees' Annual Report** _**(continued)**_ ## **Year ended 30 June 2023** ## **Objectives and activities** The objects of the Charity are: the provision of financial assistance to Rotary charity and other community causes. These recipients can be based locally, nationally or internationally. the provision of financial assistance to other registered charities, institutions and societies. These recipients tend to be based locally. the relief of financial hardship of individuals. the provision of overseas travel grants to young people. the provision of financial assistance to projects for the benefit of the local community. ## **Achievements and performance** It is the policy of the Charity to retain sufficient funds to meet future commitments. Project expenditure is only approved and grants paid when funds are in hand. If there are insufficient projects or grant applications, the surplus should be invested for future income generation and retained for future projects and grants. **- 2 -** ## **Rotary Club of Skipton Trust Fund** ## **Trustees' Annual Report** _**(continued)**_ ## **Year ended 30 June 2023** ## **Financial review** The trust has received funding from individuals, fund raising events, organisations and investment income, enabling it to support a range of projects and causes. The Trust has been able to generate income from fund raising activities and events, in particular a Dragon Boat Race, a Chamber Music and Choral Concert at Skipton Town Hall, a meal at the Three Peaks Bistro and the Skipton Christmas Markets. Club members' donations and Meeting collections were other significant income sources. The Charity Car Park at the Skipton Building Society's headquarters made a profit of £12,314. As a result of these efforts, total income was £42,233.09, but this was to £3,106 less than in 2021-2022 The total for donations in the period of this report was £38,033 70. This was an increase of £21,602.19 on the previous year, which reflected a substantial increase in applications for assistance. Of the total, £24,309 was donated to seventeen local charities, schools, clubs and organizations, including substantial donations to Airedale Hospital, Brooklands Special School, The Principle Trust Children's Charity, Hope for Tomorrow and Skipton Cricket Club. Following the removal of overseas travel restrictions, travel grants were given to four local young people. The Trust passed £1,300 to Rotary Foundation, to assist with Rotary's international work and £2,300 to the Polio Plus campaign, which has almost succeeded in eliminating new cases of Polio worldwide. In addition donations, which totalled £8,004, were made to five international charities, a Sand Dam scheme, a school in South Africa and to six appeals for disaster or humanitarian relief. Many of the teams in the Dragon Boat Race raised money for their own chosen charities. Expenses decreased substantially to £14,387.91, as there was only one Dragon Boat Race this year. All but £3,047.91 of that total was related to that Dragon Boat Race. Christmas Market stall expenses were £847.97. New signage for the Car Park cost £442. The cost of refreshments, prizes and other expenses for Rotary events with young people, such as RYLA, Youth Speaks, Young Photographer and Young Writer was £642.41. Largely because of the increase in donations, expenditure exceeded income by £10,188.52 and the closing balance was reduced to £17,424.36. **- 3 -** ## **Rotary Club of Skipton Trust Fund** ## **Trustees' Annual Report** _**(continued)**_ ## **Year ended 30 June 2023** ## **Plans for future periods** The charitable activities for the year are in accordance with the Charity Commission's guidance on public benefit. The charity continues to provide grants subject to satisfactory application for funding within its charitable aims and objectives as explained above. Planning is in hand for a Brass Band Concert in October and the Skipton Christmas Market in December. Steps have been taken to publicise the availability of grants, through the Club's website and the local press. ## **Responsibilities of the Trustees** The trustees are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and the incoming resources and application of resources of the charity for that period. In preparing these financial statements the trustees are required to: - Select suitable accounting policies and then apply them consistently; - Observe the methods and principals in the Charities SORP; - Make judgements and estimates that are reasonable and prudent; - State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; - Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 1993 and the Charity (Accounts and Reports) Regulations2008. The trustees are also responsible for safeguarding the assets of the charity and hence for taking the reasonable steps for the prevention and detection of fraud and other irregularities. The trustees' annual report was approved on 6 February 2024 and signed on behalf of the board of trustees by: Mr I Smith (Chairman) Trustee **- 4 -** ## **Rotary Club of Skipton Trust Fund** ## **Independent Examiner's Report to the Trustees of Rotary Club of Skipton Trust Fund** ## **Year ended 30 June 2023** I report to the trustees on my examination of the financial statements of Rotary Club of Skipton Trust Fund ('the charity') for the year ended 30 June 2023. ## **Responsibilities and basis of report** As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the financial statements do not accord with those records; or 3. the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view 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 which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Steven Briggs FCA Independent Examiner Windle and Bowker Limited Croft House Station Road Barnoldswick Lancashire BB18 5NA **- 5 -** ## **Rotary Club of Skipton Trust Fund** ## **Statement of Financial Activities** ## **Year ended 30 June 2023** ||||**2023**||2022| |---|---|---|---|---|---| |||Unrestricted|Restricted||| |||funds|funds|**Total funds**|Total funds| ||**Note**|**£**|**£**|**£**|£| |**Income and endowments**|||||| |Donations and legacies|**4**|3,984|–|**3,984**|4,856| |Other trading activities|**5**|34,385|–|**34,385**|38,618| |Investment income|**6**|–|1,125|**1,125**|1,032| |Other income|**7**|2,738|–|**2,738**|843| |||`────────`|`───────`|`────────`|`────────`| |**Total income**||41,107|1,125|**42,232**|45,349| |||`════════`|`═══════`|`════════`|`════════`| |**Expenditure**|||||| |Expenditure on raising funds:|||||| |Costs of raising donations and|||||| |legacies|**8**|13,353|266|**13,619**|20,690| |Expenditure on charitable activities|**9,10**|37,852|950|**38,802**|17,126| |||`────────`|`───────`|`────────`|`────────`| |**Total expenditure**||51,205|1,216|**52,421**|37,816| |||`════════`|`═══════`|`════════`|`════════`| |Net losses on investments|**11**|–|1,072|**1,072**|624| |||`────────`|`───────`|`────────`|`────────`| |**Net (expenditure)/income and net**|||||| |**movement in funds**||(10,098)|(1,163)|**(11,261)**|6,909| |||`════════`|`═══════`|`════════`|`════════`| |**Reconciliation of funds**|||||| |Total funds brought forward||24,671|22,143|**46,814**|39,905| |||`────────`|`────────`|`────────`|`────────`| |**Total funds carried forward**||14,573|20,980|**35,553**|46,814| |||`════════`|`════════`|`════════`|`════════`| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. **The notes on pages 8 to 14 form part of these financial statements.** **- 6 -** ## **Rotary Club of Skipton Trust Fund** ## **Statement of Financial Position** ## **30 June 2023** |||**2023**||2022| |---|---|---|---|---| ||**Note**|**£**|**£**|£| |**Fixed assets**||||| |Investments|**15**||**18,825**|19,897| |**Current assets**||||| |Cash at bank and in hand||**17,424**||27,613| |**Creditors: amounts falling due within one year**|**16**|**696**||696| |||`────────`||`────────`| |**Net current assets**|||**16,728**|26,917| ||||`────────`|`────────`| |**Total assets less current liabilities**|||**35,553**|46,814| ||||`────────`|`────────`| |**Net assets**|||**35,553**|46,814| ||||`════════`|`════════`| |**Funds of the charity**||||| |Restricted funds|||**20,980**|22,143| |Unrestricted funds|||**14,573**|24,671| ||||`────────`|`────────`| |**Total charity funds**|**17**||**35,553**|46,814| ||||`════════`|`════════`| These financial statements were approved by the board of trustees and authorised for issue on 6 February 2024, and are signed on behalf of the board by: Mr I Smith (Chairman) Trustee **The notes on pages 8 to 14 form part of these financial statements.** **- 7 -** ## **Rotary Club of Skipton Trust Fund** ## **Notes to the Financial Statements** ## **Year ended 30 June 2023** ## **1. General information** The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 4 Overdale Grange, Skipton, North Yorkshire, BD23 6AG. ## **2. Statement of compliance** These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011. ## **3. Accounting policies** ## **Basis of preparation** The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. ## **Going concern** There are no material uncertainties about the charity's ability to continue. ## **Fund accounting** ## **Fund accounting** Unrestricted funds are available for use at the discretion of the trustees in furtherance of the purposes of the charity. Restricted funds are subjected to restrictions on their expenditure imposed by the donor. ## **Incoming resources** ## **Income** All income is included in the statement of financial activities when the charity is entitled to the income.The following specific policies are applied to particular categories of income: Donations and legacy income is received by way of donations, legacies, grants and gifts and is included in full in the Statement of Financial Activities when receivable. Investment income is included when receivable. Income from charitable activity is accounted for when earned. **- 8 -** ## **Rotary Club of Skipton Trust Fund** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 30 June 2023** ## **3. Accounting policies** _**(continued)**_ ## **Resources expended** ## **Expenditure** Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates: Costs of raising funds comprise the costs associated with attracting donations, grants and legacies and the costs of generating income. Other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. ## **Investments** Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment. Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure. ## **Investments in associates** Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value taken through income or expenditure. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition. ## **Investments in joint ventures** Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value taken through income or expenditure. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition. ## **Impairment of fixed assets** A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. **- 9 -** ## **Rotary Club of Skipton Trust Fund** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 30 June 2023** ## **3. Accounting policies** _**(continued)**_ ## **Impairment of fixed assets** _**(continued)**_ For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units. ## **Financial instruments** A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. **- 10 -** ## **Rotary Club of Skipton Trust Fund** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 30 June 2023** ## **4. Donations and legacies** |||Unrestricted|**Total Funds**|Unrestricted|Total Funds| |---|---|---|---|---|---| |||Funds|**2023**|Funds|2022| |||£|**£**|£|£| ||**Donations**||||| ||Donations and gifts|2,524|**2,524**|3,366|3,366| ||**Grants**||||| ||District Grant|275|**275**|–|–| ||**Subscriptions**||||| ||Subscriptions|1,185|**1,185**|1,490|1,490| |||`───────`|`───────`|`───────`|`───────`| |||3,984|**3,984**|4,856|4,856| |||`═══════`|`═══════`|`═══════`|`═══════`| |**5.**|**Other trading activities**||||| |||Unrestricted|**Total Funds**|Unrestricted|Total Funds| |||Funds|**2023**|Funds|2022| |||£|**£**|£|£| ||Activities for generating funds|34,385|**34,385**|38,618|38,618| |||`════════`|`════════`|`════════`|`════════`| |**6.**|**Investment income**||||| |||Restricted|**Total Funds**|Restricted|Total Funds| |||Funds|**2023**|Funds|2022| |||£|**£**|£|£| ||Unit trusts|1,125|**1,125**|1,032|1,032| |||`═══════`|`═══════`|`═══════`|`═══════`| |**7.**|**Other income**||||| |||Unrestricted|**Total Funds**|Unrestricted|Total Funds| |||Funds|**2023**|Funds|2022| |||£|**£**|£|£| ||Gift aid|1,281|**1,281**|748|748| ||Other income|1,457|**1,457**|95|95| |||`───────`|`───────`|`────`|`────`| |||2,738|**2,738**|843|843| |||`═══════`|`═══════`|`════`|`════`| |**8.**|**Costs of raising donations and**|**legacies**|||| ||||Unrestricted|Restricted|**Total Funds**| ||||Funds|Funds|**2023**| ||||£|£|**£**| ||Costs of generating funds||13,353|266|**13,619**| ||||`════════`|`════`|`════════`| ||||Unrestricted|Restricted|Total Funds| ||||Funds|Funds|2022| ||||£|£|£| ||Costs of generating funds||20,690|–|20,690| ||||`════════`|`════`|`════════`| **- 11 -** ## **Rotary Club of Skipton Trust Fund** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 30 June 2023** ## **9. Expenditure on charitable activities by fund type** ||Unrestricted|Restricted|**Total Funds**| |---|---|---|---| ||Funds|Funds|**2023**| ||£|£|**£**| |National charities & good causes|12,426|–|**12,426**| |Local charities & good causes|24,658|950|**25,608**| |Support costs|768|–|**768**| ||`────────`|`────`|`────────`| ||37,852|950|**38,802**| ||`════════`|`════`|`════════`| ||Unrestricted|Restricted|Total Funds| ||Funds|Funds|2022| ||£|£|£| |National charities & good causes|5,716|–|5,716| |Local charities & good causes|10,426|200|10,626| |Support costs|784|–|784| ||`────────`|`────`|`────────`| ||16,926|200|17,126| ||`════════`|`════`|`════════`| ## **10. Expenditure on charitable activities by activity type** |||Activities|||| |---|---|---|---|---|---| |||undertaken||**Total funds**|Total fund| |||directly|Support costs|**2023**|2022| |||£|£|**£**|£| ||National charities & good causes|12,426|
–|**12,426**|5,716| ||Local charities & good causes|25,608|
–|**25,608**|10,626| ||Governance costs|–|
768|**768**|784| |||`────────`|
`────`|`────────`|`────────`| |||38,034|
768|**38,802**|17,126| |||`════════`|
`════`|`════════`|`════════`| |**11.**|**Net losses on investments**||||| |||Restricted|
**Total Funds**|Restricted|Total Funds| |||Funds|
**2023**|Funds|2022| |||£|**£**|£|£| ||Gains/(losses) on listed investments|(1,072)|
**(1,072)**|(624)|
(624)| |||`═══════`|
`═══════`|`════`|`════`| |**12.**|**Independent examination fees**||||| |||||**2023**|2022| |||||**£**|£| ||Fees payable to the independent examiner for:||||| ||Independent examination of the financial|statements||**732**|708| |||||`════`|`════`| |**13.**|**Staff costs**||||| ||The total staff costs and employee benefits for the reporting period are analysed as||||follows:| |||||**2023**|2022| |||||**£Nil**|£Nil| **- 12 -** ## **Rotary Club of Skipton Trust Fund** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 30 June 2023** ## **13. Staff costs** _**(continued)**_ The average head count of employees during the year was 1 (2022: 1). The average number of full-time equivalent employees during the year is analysed as follows: ||**2023**|2022| |---|---|---| ||**No.**|No.| |Number of staff - Administration|**1**|1| ||`════`|`════`| No employee received employee benefits of more than £60,000 during the year (2022: Nil). ## **14. Trustee remuneration and expenses** No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. There are no related party disclosures that require disclosure in respect of the period covered by the financial statements. ## **15. Investments** ||**Listed**| |---|---| ||**investments**| ||**£**| |**Cost or valuation**|| |At 1 July 2022|**19,897**| |Additions|**–**| |Other movements|**(1,072)**| ||`────────`| |**At 30 June 2023**|**18,825**| ||`════════`| |**Impairment**|| |**At 1 July 2022 and 30 June 2023**|| |**Carrying amount**|| |**At 30 June 2023**|**18,825**| ||`════════`| |At 30 June 2022|19,897| ||`════════`| All investments shown above are held at valuation. ## **Financial assets held at fair value** SORP 2015 requires that for all financial assets measured at fair value, the basis for determining fair value, including any assumptions applied when using a valuation technique, must be disclosed. ## **16. Creditors: amounts falling due within one year** ||**2023**|2022| |---|---|---| ||**£**|£| |Accruals and deferred income|**696**|696| ||`════`|`════`| **- 13 -** ## **Rotary Club of Skipton Trust Fund** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 30 June 2023** ## **17. Analysis of charitable funds** ## **Unrestricted funds** |**Unrestricted funds**||||||| |---|---|---|---|---|---|---| ||At|||Gains and||**At**| ||1 July 2022|Income|Expenditure|losses|
**30 June 2023**|| ||£|£|£|£||**£**| |General funds|24,671|41,107|(51,205)|–||**14,573**| ||`════════`|`════════`|`════════`|`════`||
`════════`| ||At|||Gains and||At| ||1 July 2021|Income|Expenditure|losses||30 June 2022| ||£|£|£|£||£| |General funds|17,970|44,317|(37,616)|–||24,671| ||`════════`|`════════`|`════════`|`════`||
`════════`| |**Restricted funds**||||||| ||At|||Gains and||**At**| ||1 July 2022|Income|Expenditure|losses|
**30 June 2023**|| ||£|£|£|£||**£**| |General funds|22,143|1,125|(1,216)|(1,072)||
**20,980**| ||`════════`|`═══════`|`═══════`|`═══════`||
`════════`| ||At|||Gains and||At| ||1 July 2021|Income|Expenditure|losses||30 June 2022| ||£|£|£|£||£| |General funds|21,935|1,032|(200)|(624)||
22,143| ||`════════`|`═══════`|`════`|`════`||
`════════`| The restricted fund was set up to provide grants to young people for overseas educational travel. ## **18. Analysis of net assets between funds** ||Unrestricted|Restricted|**Total Funds**| |---|---|---|---| ||Funds|Funds|**2023**| ||£|£|**£**| |Investments|–|18,826|**18,826**| |Current assets|14,573|2,154|**16,727**| ||`────────`|`────────`|`────────`| |**Net assets**|14,573|20,980|**35,553**| ||`════════`|`════════`|`════════`| ||Unrestricted|Restricted|Total Funds| ||Funds|Funds|2022| ||£|£|£| |Investments|–|19,897|19,897| |Current assets|24,671|2,246|26,917| ||`────────`|`────────`|`────────`| |**Net assets**|24,671|22,143|46,814| ||`════════`|`════════`|`════════`| **- 14 -**