The Rotary Club of Belfast Trust Fund Registered as a charity in Northern Ireland NIC105280 HMRC Registered number XN 30901 Principal address: c/o Europa Hotel, Great Victoria Street, Belfast
TRUSTEES REPORT
Trustees Derek Baxter David Boyd Brian Clements Rosemary Simpson
Governing document
The Trust Fund was set up and is administered by The Rotary Club of Belfast (“The Club”) under the terms of the Trust Deed dated 7 December 1998.
It is registered as a charity with the Northern Ireland Charity Commission.
Trustee recruitment and appointment
The Trustees are appointed by the members of The Rotary Club of Belfast in general meeting as provided for in the Deed of Trust.
Charitable purposes
The purpose of the charity is for the relief of the poor and needy and such other charitable purposes as the Club may decide in duly constituted meeting. The direct benefits which flow from this purpose include the provision of funds for other charitable and community organisations as well as individuals and encouraging volunteers to help alleviate poverty and improve conditions of education, health and well-being and family life of children, teenagers and adults in Northern Ireland and overseas which in turn promotes the development, education and experiences of young people.
Summary of the main activities
The Trust Fund manages funds raised for its purposes and oversees the application of funds for and implementation of any service projects which might be entered into in the furtherance of those purposes. The Fund is used to facilitate a wide array of different projects in the areas of vocational and community service, together with assisting fundraising for other charities, especially in overseas aid. Vocational and youth service projects include the provision of experienced volunteers in interview and goal setting practice, together with exchange programmes for the development of youth, and encouraging leadership. The fund contributes to international projects such as Shelterbox and to the Rotary Foundation charity projects through its Annual Programmes Fund and the End Polio Now programme which benefits from matching funding from the Bill and Miranda Gates Foundation. During the year the Trust Fund made donations totalling £25,287
Policy on reserves
The Trust Fund holds endowment funds which have been provided to the charity in earlier years. Under the terms of the donation, the charity has elected to retain the assets and use the income to support its charitable activities. Balances in restricted funds are only held temporarily pending transfer to the beneficiaries concerned. The unrestricted fund balance represents income raised but not yet utilised in supporting charitable activities.
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The Rotary Club of Belfast Trust Fund
STATEMENT OF FINANCIAL ACTIVITIES for the year ended 30 June 2024
| 2024 Unrestricted Restricted £ £ INCOMING RESOURCES Incoming resources from generated funds Voluntary income 2,016 13,328 Grants and donations - - Investment income 143 Incoming resources from charitable activities - - Other incoming resources TOTAL INCOMING RESOURCES 2,158 13,328 RESOURCES EXPENDED Costs of generating funds Costs of generating voluntary income 882 1,769 Charitable activities 667 - Governance costs - - Other resources expended - charitable donations Charitable donations 13,066 12,221 TOTAL RESOURCES EXPENDED 14,616 13,990 Net incoming(outgoing) resources for the year (12,457) (662) Total funds brought forward 27,230 9,722 Total funds carried forward 14,772 9,060 |
Total funds £ 15,344 - 143 - - 15,486 2,651 667 - 25,287 28,606 (13,120) 36,952 23,832 |
2023 Total funds £ 23,751 - 65 - - 23,816 1,214 550 - 24,446 26,210 (2,394) 39,346 36,952 |
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The Rotary Club of Belfast Trust Fund
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GENERAL CHARITY AND SERVICE FUND
for the year ended 30 June 2024
Balance Income Expenditure Reallocated Donations Balance
2023 inc gift aid funds made 30.6.24
£ £ £ £ £
Members donations inc gift aid 1,190
Reallocated from general to meet $100 and $50 per member 2,038 a (3,228)
- - -
End Polio Now & Foundation Annual Programmes 1,190 2,038 (3,228)
Donations inc gift aid 628 3,938 625 c (4,189) 1,002
Tent for Lent - 1,253 (1,253)
Shelterboxes and aquaboxes 628 5,191 - 625 (5,442) 1,002
- -
Seeds of Hope 2,015 (2,015)
Xmas appeal - 1,181 (181) b (1,000) -
Interact/Rotaract - Eritrea /Homeless 69 744 (69) 744
Environment - Alpha 1,950 - (1,700) 250
TABU - Brian Byers 1,000 1,000
TABU donation 2020 625 (625) c -
Sundry 3,644 3,940 (1,769) (806) (3,015) 1,994
Restricted Funds totals 4,272 10,321 (1,769) 1,857 (11,685) 2,996
b/f 2,093
Allocations Foundation to meet obligations (2,038) a
Alocated from fundraising (2023) 181 b
Income Charity draw net proceeds 440
Members donations online 900
Interest received 93
Tax received re general funds 225
Programme Mitchell House & Kids Out 300 (668)
expenditure Youth Leadership
Bank fees (32)
Donations Inner Wheel (200)
General Fund (Unrestricted) 2,093 1,958 (701) (1,857) (200) 1,293
Balance at 30 June 2024 6,365 12,279 (2,470) - (11,885) 4,289
4,272 Restricted Funds 2,996
2,093 Unrestricted Funds 1,293
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Note re Foundation Sustaining members. In addition to the direct contributions included above, additional contributions were made by 25 members who are Sustaining members contributing $100 directly to Foundation.
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The Rotary Club of Belfast Trust Fund
The Rotary Club of Belfast Trust Fund
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FUND ACCOUNTS 2024 FUND ACCOUNTS 2024 2023
for the year ended 30 June 2024 £ for the year ended 30 June 2024 £ £
GENERAL CHARITY AND SERVICE FUND - DONATIONS CHARITY BAG FUND
Charitable Donations Balance at start of year 4,664 3,562
Shelterboxes /Aquaboxes Donations 5,442 Donations received 1,058 2,300
End Polio Now/Foundation Action Annual 3,228 Donations given:
Corrymeela (Seeds of hope) District 2,015 Youth Action 500 500
Salvation Army Xmas appeal 500 Belfast trailblazers PFC 500 -
St Vincent de Paul Xmas appeal 500 Eritrea refugee translator course 416 -
11,685 Mary Peters Trust 200
Sundry donations Inner Wheel 200 Dementia Ni - 250
NI Kidney research Fund - 350
11,885 Hannah McKimm Sexual abuse - 100
Speakers' charities 1,250 -
2,866 1,200
2024 2023
£ £ Balance at end of year 2,855 4,662
COMBER DRUG AWARENESS FUND
Balance at start 1,971 2,471 R G LYTTLE BEQUEST FUND
Donations John Savage Bursary (500) (500) Balance at start of year 19,993 19,993
Interest received 50 -
Balance at end 1,471 1,971 Allocated to unrestricted (50) -
Donations given
Harmony Community Trust 5,000 -
CHARITY DRAW Seeds of Hope 5,000 -
Balance at start of year 480 870 10,000 -
Receivable from members 1,440 1,493
Prizes distributed (850) (680) Balance at end of year 9,993 19,993
Transfer to Charity and Service Fund (440) (1,203)
Balance at end of year 630 480 Children in
MONTGOMERY BOWL Flowers Hospital Total 2023
£ £ £ £
Balance at start of year - 3,480 3,480 4,210
Donations receivable 73 1,077 1,150 1,093
Donations made (73) 37 (36) (1,823)
Balance at end of year - 4,593 4,593 3,480
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The Rotary Club of Belfast Trust Fund
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BALANCE SHEET 2024 2023
30 June 2024 note £ £
CURRENT ASSETS
Investment - Lend with care 1,100 1,100
Danske Bank
Current account 23,314 15,962
R G Lyttle Bequest - 19,993
23,314 35,955
Debtors - -
Creditors (582) (103)
NET CURRENT ASSETS 23,832 36,952
Represented by:-
FUNDS Unrestricted Restricted
General Charity and Service Fund 1,293 2,996 4,290 6,366
Charity Bag Fund 2,855 2,855 4,662
Charity Draw 630 630 480
R G Lyttle Bequest Fund 9,993 9,993 19,993
Montgomery Bowl Fund 4,593 4,593 3,480
Comber Drug Awareness Fund 1,471 1,471 1,971
14,770 9,060 23,832 36,952
Confirmation by Trustees
We approve the financial statements on pages 3 to 8 and confirm that the records
produced together with information and explanations supplied constitute a true and
correct record of the transactions of the Trust for the year ended 30 June 2024.
Approved by the Trustees on 2 December 2024 and signed on their behalf by
Derek Baxter David Boyd
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The Rotary Club of Belfast Trust Fund
NOTES TO THE ACCOUNTS
for the year ended 30 June 2024
1. Accounting policies
Basis of accounting
The accounts have been prepared on a receipts and payments basis.
2. The Trust Fund
The Fund was established by The Rotary Club of Belfast in 1998 to carry on such charitable and service activities as the Club shall in duly constituted meeting from time to time direct. The Trust is registered with the HMRC as a Charity reference number XN30901 and is registered with the Northern Ireland Charity Commisssion number NIC105280 The Club may at any time by resolution remove and appoint a Trustee.
3. Donations
In addition to the cost of the provision of service programmes, donations were made to various deserving causes during the year totalling : £25,287 (2023 £24,446) Members also contributed $2500 directly to Rotary Foundation not included in these accounts.
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