REGISTERED COMPANY NUMBER: 02783681 IEwglind and Wales) REG[￿ER￿D cHAR￿y MIMBEIi. JO17932 THE ROWAFI ORGANISATION FL¥ANCJAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 GethiD House 36 Bond Stre& Warwi¢k8hir¢ CVII 4DA THE ROWAN ORGANISATION CONTEPll8 OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page Rrfer¢n¢t and Adndntstrgtfve Detsi Report of the Trwstee8 2 to 6 Report of thi Indq)eNd¢Dt 7 to 10 ststement of Fwoeial li B•laDce Sheet 12 C#¥h Flow Statement 13 Notes to the C￿ts Flow StAt¢mellt 14 Not•¥ to tht FiD•DctsI StstsnwDt¥ 15 to 23 THE ROWAN ORCANJSATION FOR THE YEAR EIWED 31 MARCH 2024 TRUThES Ms D E Can]bray (r¢sigtsed 3.122024) Mrs D Clews (resi8ned 3.12.2024) r& A Fotwoixl Cllr R Jarvis (resi8lled 3.122024) Mrs J Taylor (r¢si￿d 1.82023) REGISTERED OFFICE Utiit 7 Colliers Way Arky West MidlatMIs CV7 8HN 02783681 (England atyj Wales) 1017932 AUDrroRS Gethin Hous 36 Bond Street CVII 4DA Sou￿r0RS r Da￿d Dwnbleton Rothetbam & Co 8&9 The Qualtsallt Cvi 2EG Bridle Road Bootle L30 4GB THE ROWAN ORGANISATION REPORT OF THE TRUSTKES FOR ThE YEAR EM)ED 31 MARCH 2024 The trustces are also dir¢ctors of the clwity for the purposcs of th¢ Colljpallies Act 2006. pff5ent their re￿￿rt with the finaDcial ststemcnts of the clwity for the year endcd 31 March 2024. Thc trustees have thpted tbe provisions of A¢axmling and Reporting by Charitics.. Statement of Recomme￿ Pwtice applirable to ¢]￿rItieS preparing iknir accounts in accordance with tbe Fin￿¢181 Reporting stand￿ applicable in the UK ajd Rcpubtic of IrelaTh1 (FRS 102) (effective l January2019). Th¢ T￿￿e1 pres¢Dt their report and the audit¢d fin&n¢ial Stat¢ll￿llts of the Cbarity for Ihe y¢ar efyl¢d 31 March 2024. The trustees have Hdopted the provisions of the StatenMt of RccomuThided Practice (SORP) 'A¢rountin8 and Tr fiDan¢ial 5tatsments have been prepared in accordanc¢ WAth th¢ accounting po]icies sot out in notes to the aC￿Unts coryly with thv chDritYs 8ov¢rning docunw the awities knt 2011 ODd Accounting Reporting by Chwili Staten￿￿ of ReC0mn￿r￿ea Practice 4)p]i¢ablc to clwities prepor1￿ their accounts ill accordance with the Financial Reportill8 StsndaThl applicabl¢ iti Ihe UK aJMI Ryb]i¢ of ]r¢kndpthlish¢d in October 2019. Objeelivefj and almi Th£ principal puryose Df the orgafjisatioD, ￿ defined by the Menmndum of Ass￿l&tion. is to 5Wrt disabled and olderpooplE to further their indcpendence. We arc also comrnitt￿ to the ernpolvment of disabled and older people by SUPPOTtinE them to overcome the banim, both phy5i¢al and attitudinal vkntch prevent them from be]ng in rA>ntrol of thcir lives. The provision of dirwt payments 8UPPOrt service% tknt cnablc disabled and older people to live mor¢ ind¢Pen￿Y within the comDwrrity attd enablc them to exercise ¢lwicc and control over tbe way that they live thcir live& We promkn Support planning and BrDkern8e S¢rvi¢e4 Dir#t PaymEnts Sizpport Services (tndepth Livi S¢h¢llTh). Personal Health Bud8et Support S¢rvi¢r& Athce & Infornwtion S¢rvices, PayrL>ll serYirx5, Accolln￿ TrainiD& Rec￿lt￿ Lin4 DBS Vetting Sw/Ace aJ¥l PeThonal A88i8tants (PA) tryigte Our area of operation covers Englaud and W41¢s. Page 2 THE ROWAN ORGANISATIOIY REPORT OF THE TRUSTEE5 FOR THE YEAR EM>ED 31 MARCH 2024 AehIeVen￿Dt *nd Performance We ¢ODtinued to provide Dirpxt Paynents 8UPP(xt and Personal H¢alth Budget support seryi¢¢s on beh81f of a number of local allthorities and ICB'S. Currently we are providins DI￿¢t Paym¢nts Supwt a$S￿lated s¢rviccs in An8lesey, CattnarUJenshir¢ Bath & Nortb East SLmietsel Birminghan4 Bla¢kburn. Cambridge8bir¢, (keshiTe, Collwy, Denbigb8bire, Ded)yi Derb￿￿ Do￿￿ter, Ess¢x, FIintsh7r4 Hillingdo4 LancashI￿ Lejcther, Leittstershire, London. Mer5cyside. Nortlt East Lincolnshir¢. Norfolk. Nortbamptonsbire, Notttti8hm4 Notttngbamsliire, Riehmond, Rothe* Slougl4 South Glou¢e5t¢r5kn, Stafford8bire, SuffolK Telford, Vale of Glamorgao Wiltsbir¢, and Worce8ter. We also provide employment support for PAtieots VA￿ are in r￿¢1pt of Pern1￿1 H¢alth Budgets and a150 8UPP)rt with th¢ir Pa￿11. Assisted Bonk Accounts and DBS Vetting Services & Payroll Register8. Tbe Clinieal Conuni$5ioDiDg &oups (CCG's) have now moved to re8lolla] Inte8rnted Carc Boards UCB'SI Th¢ ICB'8 that we CWTontly Support are: . NHS B¢dfordshire, Luton & Milton Keynes ICB . NHS BirFniDgham and Solthull ICB . NHS Black C• ICB .NHS BuckinghamgbiTe, Oxfor&8hire B¢Tkyhire West ICB - NHS Catthidgesbire and Pet¢rborou8h ICB - NHS Coventry knd Warwicksbire ICB - NHS Derby aad Derbyshire ICB -NHS Hampshire and I&1¢ of Wight ICB - NHS HerefoydShi￿ and Worc&*ersbire ICB - NHS Hwtfordshire and West Bssex ICB . NHS NOrtbampt￿bir¢ ICB . NHS Nottitigbam aTh] Nottll]ghanthir¢ ICB - NHS Shropsbire, Telford and Wrekiti ICB - NHS Soutb West London ICB . NHS Stsffordsbire and Stoke4)n.Trcnt ICB - NHS Suffolk and North East Ess¢x ICB PJb]l¢ beReflt The Row4ll lknlli5Ation 18 ¢onmiitted to enabling disabled and older people to liv¢ independmtly and tsk£ CODtrol of th¢ir lives by providing suppoffj advice and infttyrm8tio￿ During the year over 2789 disablrAI people, luch￿Ing dthdr¢n. young p¢opl< older people and their carers. bell¢fited from prnvision of our seTYiC¢$ as m¢ntioned abov¢. (h Infonnation Service deah with over 1000 quwi¢s thc year, thi3 is in addltion ts the support provided by our Ilxally based ￿dePend¢llt Living Advi$¢ts. Our payroll servicc provided $upport to ov¢r 1600 rustomeTr and our Assisted BaDk Account Service has 5UPPOrted ov¢r IIMKI accouDt boldN& Thc provision of th¢ abovc 3ervice5. to Cli￿￿￿ iTrarvidual$, bas been fre¢ at the Poillt of delivery D8 per fimding agreeM￿t witb Local Authoriti¢s and ICB'S. Howev¢r, in thc majotity of are4 some Aspects of the servi￿5 we provido are now fill￿ed directly by our custorneTS on a spot PTJrchase basxs or paid ftir through their Dirert Payment fimdiDg or Persotral H¢alth Budgct RU￿1ng. Enabling individuals to ha￿ more choice over whrtr pro￿deS their support how ivs deJiv¢rd focusing on personal outcome4 whi¢b fits our ¢tlMx by providitsg illcrea￿d opportijnity for choice and control. THE ROWAN ORGANISATION REPORT OF THE TRUST£LS FOR THE YEAR ENDED 31 MARCH 2024 STRATEGIC REPORT poJitloD closety iti ordgr to maximise our and to reduc¢ nN)nies oh*d. ¢fforts to ll￿XiM￿ our.income. Due to tbe in¢reas¢d rost of living lyses across th¢ coimty. we hav¢ Iwd to in¢rta8e the C08t of soTh of our *wrt Se￿1¢e$ to ensutE thllt WE Cover the cost of &liV￿1￿8 these $wvic￿. Howcver, as a Th)n-for profiL cjwitable orgonlsati0￿ we hav¢ kept any increoses to the minim kn possible. Inveslmentpolicy obSe¢llve We continu¢ to Use SantaThler, as we are ¢ottfithrt that thi8 provid￿ us vrith sufficient b￿&ing prov78iOtL A8 our It is the companys policy to airA to ljave desi8nated finds to meet th¢ nec￿8￿ ¢xp¢nditur¢ when it #rixs and also to mainkn adcquate worknllg ¢apitai. Our reseryes PoIi¢y c]arifies our intention to ti)aintsiti varioms r¢8crves j.a staff ture plan$ We contin￿ to 8trive to provid¢ a qualty 8ervirx awoss all l¢vel8 of offered to our slakeholdws aTrl look to iknlop our online prese￿e. This will th¢ development of a L¢w w¢b8ile and promots our seryi¢e8 on other Governhg docun Jalluary 1993. which e5tabli5heA the objects and powus of the cllaritsbk cojroany and 1$ governed by its Atsl¢s of A8s0ciation (CompanyRegistration Number 2783681) aThl r¢tsered as th￿lty munb¢r1017932 on 2nd Mlrcb 1993. Memb¢rsbip ofth¢ Rovrnn Orga*on is OFen to all 8¢rvi¢e us¢rs of the [￿￿￿8a￿0ll and also to oryanisations affiJiat¢d to Organisthi& Currentty there we 52 m¢mkn on the register. L4ability of m¢rnbeYs is limited to £1 ID th¢ event ofth¢ charity %￿UthD8 UP. It is not n¢¢¢ssary to be¢omc a nxrnber of the (*ganisation ID order to access its servi¢¢& htyKver irityli￿ ¢boose and to vote at the Antywl G¢ncral Nfrding. Re¢r￿lMent 8Dd appokntment of Dew trustea As per our Arttcks of Association the m¢mkn of the Board of Ditc¢kn WI￿ are also Tnkn of the clmrity are ek¢l¢d atthe Anmul G¢n¢r81 M¢eting to serye a period of two year8. The number of Pla￿ OD the Board is 21 of wbi¢b 16 are repr¢8¢ntative$ of service u6¢rs and 5 reptesthkn¢s of affiliat¢d orgatilsati0￿ kn wldition thero 18 provision to allow yp to 4 co-options. The Board of D1￿CtOrS is aUtIKJm￿ to appoint neWd1￿10[3 to fill ￿￿al Va￿le• ￿18]￿8 from uDfilkd positions orth¢ r¢tiren]rt tcsiBtiatiOD or death of aD existitig director. Ort*DiSitl•no1 Btru¢¢ure neee&sary throughout thé year their n(Yn)al fr¢qu¢ncy is quarterty. Trustee8 are enc¥AweAJ to ￿ a part of or both of the 8ubrycommittK& The Chief Ex¢outiV¢ IS tC5PODsiI)le for th¢ day to day operntiOD of the orgalltsfttion aTrJ Iw tho delegafrd autbority for (y¢ratioDal matter8, ￿h]ll thepolicies alldproceth￿ ofthe organi8atioJL A ¢4)py ofthe Stru¢tuff 1$ attached to these financial stat¢meDts. Pw4 THE ROWAN ORGANISATION REPORT OF THE TRUSTEES FOR THE YEAR EIYDED 31 MARCH 2024 STRUCTiJRE, GOVERNANCE AND MANAGEhlENT Inductlon And tralnkng of nely trugtees New trustees Are provided with indu¢tion training and are issued with an inthjction Fdck with r¢lev8Dt documenWioD ich Includ￿ dctsils of th¢ ro1¢5 and resI￿nSIbIlitieS of Clwity trustecs. Trustres ￿ also given an (yportuty to p8rtiGipate in trainiDg events orgaDised for staff meDthers and we have a numb¢r of core trallling mothles whtch we opcn to 811 trust¢c& in trustees attend relevant traitting seminars #nd ¢ooferen¢es which are Of ititerest to them atMI ￿Ievallt to tb¢irrole. Relat¢d parti The Rowan or8ani5atioD is fqlld¢d ID tnatD by Lo¢al Authoritie8 for the provssion of s¢zvi¢¢s to disabled and old p￿p1& 8Dd by CliniGaI Commi&giooing Groups (CCGs} to support pwle in r¢¢¢ipt of a Perwna] H¢alth Budg¢L The Rowan Orgatiisation is affiliated to a minkner of dis&biltyicharitsbk organi5ations. Likewise a mllnber of disabilitylchaTitabk organisations kr¢ affiliated memkn5 of the ROW￿ Organisation and thes¢ bodie5 catt nonllnate rew¢￿￿v¢S for clectiots to th¢ Board ofDirectors of the Rowan Organisation as stat¢d iti the Tn￿ report. A thll list of affijiatsd or8anisations is ayailabk on request. A number of Board 4r¢ in re¢¢ipt of our $¢ryir¢s and ther¢fore are ben¢fi¢iarie5 of the servi¢c8 that tbe organi8ation provides on a nornial service level basi& All our truste¢8 UDpaÈd voluttteer& VAT r¢glstradon All of our services are now chargeable at the standard rnte of VAT. Our VAT registra1ion number is 936637177. Rlsk IblaugeJnÈnt iew of the Disa*ff Recovéry Pla FUNDS HELD AS CUSTODIAN FOR iyfHERS All fimds b¢ld on b¢half of our customers are retsina in their own iDdtvidual accouttts on the EML Services platform, specifically for the pwp08e of facilitstiog paytwts to Custom￿9. their Per80nal Assistatts and to an ev¢r-im5ing Tange ofproviders. Th¢ fvndin¥ is received from IA)td Authorities and ICB'S for the b¢nefit of the individu018 vAK> are ¢Dtitled to receive th￿¢ paymenty in linc with eacb area's contractual agreenth. TRusfEES' RESPONSIBllJTY STATEMENT The trustees (who aTe also th¢ directors of The Rowan Organisation for the p￿￿ose8 of comp4ny law) are rnponsibl¢ for pre￿]￿8 tbe R4￿ of the Tn￿te¢5 alld the financial stat¢mth ill aCcOrda￿e with 4>plicable law and Uuited Kingdom Acco￿ting Stafjdards (United Kingdom Genvally Acocpted Acwunting Practi¢¢). Company law requires the to prepare finan¢ial statements for each financial year which give a tm¢ a￿1 fair view of the state of Affairs of the clwitable conyany and of illCOmiDg r¢sources ard 4yliratiott of resour¢¢8, iocluding th¢ income and expe￿Ilture, of the ch￿l￿bIe conwny for that perithi In pr¢paTiDg those fitwici81 staten*nt& thc $el¢¢t suitable a¢countiiJ8 policAes aud then apply tI￿a consistently; obserye th¢ rnethods and principles In tbe Charity SORP. . tnake J￿ements and estin)ates that arereasoDabl¢ and prud¢ll¢ prepare th¢ fjnancial statements on the going concern basis unles8 It is inappropriate to prtsume iknt the ¢baTAtable ¢ompatty will Contin￿ in bugine&s. The trustees K4pOnsIb￿ for kecping proper accounting re¢ords ￿lch disclose with reawble acorny at ally till the find￿1￿1 posittott of th¢ clwitabl¢ company and to u￿b}e them to ¢D5Ute that th¢ financial ststenKnts compty with th¢ Comp￿$ A¢1 2006. 7lw ￿ 8150 responsi￿1¢ for 6afeywding the ass¢ts of the charilable conw and hcnc¢ for takingreasonable *5 for the pr¢vcntion And detection of fraud and other irrcgulariti¢& Pa8e 5 THE ROWAN ORGANLSATION REPORT OF THE TRUSTEF FOR YEAR EIWED 31 MARCH2024 TRusfEES' RESPONSJBELTTY STAIEMEKf. ¢onllllued In so far as the ttust¢e$ #T¢ awar¢." . there 1$ no relevant audit infornmtion 0£￿ich the charitsble compatys w￿[torS are utwware; and . the trustees have taken all steps that they ougbt to ha￿ taken to m8k¢ thenLscfve8 •vArc of any Tekvattt audit infornFation arml to establi8b that the auditor5 are awareofthat iTrfortDatiOD. AUD￿oRs Report of the tru8tw approved by ordrr of the lwd of trustee8, the company directi)r5. on 2 Q3.5..... and on its b¢balf ty. P48c 6 REPORT OF THE tNDEPENDENT AUDITORS TO THE TRUSTEES OF THE ROWAN ORGANISATION Opinion We have audited the fitjaocial statcments of The Rowdn Orgatiisation (the 'Glwitabl¢ company,) for the year ended 31 March 2024 which compri8¢ the statem¢￿ of Finantial Athivitie4 the BalaDce Shee¢ thg Ca8h Fjow St&ternent notr5 to Ibe finaurial statements, including a swyllnary of signAficant accounting policies, Tr finwial reporting franMvork tbat h88 been applied In th¢ir pteparation 1$ applxcable law United Km?gdom A¢Co￿ting Statsjar (United Kiugdom Generally knGepted Accounting Pra¢ticc). ln our opinion thE financial statemth: give a trll¢ and fair view of the statc of th¢ clmritabk conyttfy affairs as #t 31 MBTch 2024 and of its incomi resout¢¢s and application ofresources, illrludiog its income expenditUTC, for th¢ year thcn cnW' have been properly prepared in accordanGc with Unitrd KiDgdom Generally Acceptsd Ac¢ouDting Practice: and bave beenprepared in a￿orda￿ce with the requi￿￿ of the Compatii¢s Act 2006. BasAs for opfDIoD We CODductsd ow audit in accordance with luternational Standards on Auditing (UK) OSAS (UK)) and appli￿b]e law. Ow responsibilities under thos¢ standard8 are fwtbex described in the Auditors, tt$wwbilities for the audit of the fjnwial statem¢nt& section of our report We ar¢ sDdepentsnt of clwitable ¢on¥any iti accordatt¢e with tlle ethical requ￿¢ments that are relevant to our 8udit of th¢ fmancial ￿aten￿nts ill the UK including the FRC'S Etht¢al Stan and we have fulfilled ow other etbical re4)oDsTri *ilities in accordaDce with these requirements. We beli¢ve th&t the audit ¢vid¢nce w¢ have obtaillcd is sufficient and appropriate to provide a b&8i8 for OUT opinion. Concluslrfths relAtiug to golDg eon¢ern In auditing the financial statements. we have Concl￿e￿ that the trust¢QS' Use of Ihe going concern basis of acwunting in the preparatiott of th¢ financial statem￿ts is appro￿atr. Ba￿1 on the work we have performe4 we have llot identifJ¢d any matsrial uncer￿eS relating to events or conditions thal 1ndl￿dU￿1Y or couectively. JDay cast 5igDifi¢allt dod>t on the charitable COnJpatt￿S ability to cotstinup as a soing eoncern for aperiod of at least twelve from whett th¢ fitWl¢i31 stst￿r￿nts aro auth￿l5ed for i55ue. Our re8ponsibilitie8 and th¢ responsibilities of the trustees with r¢spcct to goxng ￿)nCern are desenljed in tPÉe relevant s¢¢tiotis of tht8 reiKrt Otber Intorn￿tion The tsvstees r¢5POD$tble for the other infornution. Thc oth¢r inforn¥tion compiises th¢ infonnatioo included ID the Our opinion on the f]n4ncial ststements does not cover th¢ other iDforniatioD an￿ cxcept to the extent otherwis¢ explieitly stated ill OUT repori w¢ do not expre&8 any fo￿ of knur4nce conGlusion th￿￿0￿. In ¢ODD¢rtton with our Audit of th¢ finan¢ial 5tstements, our rq>oDsibility is to read th¢ other illforrntion ar4 io doing so. consiatr wbetheT the otber infonnation is mat*ialty inconsist¢nt with the fin&wiAI 8tstements or our knoWI￿ge obtsined in the audit or otherwise appears to be m&tsrially rnisstatEd. If we ide]Ltify such matsrial tmGousistenci¢s or financial $t4terna)ts then￿elveS. If, based ots the work we bav¢ ￿f0Th￿e￿ we wwlude that there is a llmterial tDisststilttie5 StstcmenL the trustees (who also the directorn of th¢ I￿rItable for the pwposes of ¢orDpaDy law) responsibk for tb¢ rntion of the finwial st&trll￿ and for being Satisfied th&t they giv¢ a truc and fair view. and for s￿h iDt¢tnal control as tILe tru8te8s deternune is necessary In pryDDg the fiDawial sf8tCmEnts. the tnts respo￿lTryIe for w￿lD8 the charitabk cthnp4ts￿5 ability to ¢ontinue as a going Conc￿ discl(k8iDg. *s 4￿1]Cable. matters relat￿ to going concern aBd using the going concern basis of accow u￿e$S the tt￿te￿ either inteDI to liquidat¢ the cIJarAtabk company or to ce&8c (yeration& or Iwve Pw8 REPORT OF THE ll¥DEPENDENT AiJD]TORS TO THE TRUSTEES OF THE ROWAN ORGANISATION Our resppnsibllllles for the audlt of the Ilnan¢lal •tthm¢nts W¢ hav¢ been •p￿]nted as auditW5 UDder Section 144 of th¢ cl￿rItIeS Act 2011 and ryort in accord￿￿ with the A and r¢levaDtregulatiODS made or having ¢fft¢t thcrcuDdez. Our objectives are to obtain r¢•soDable assurance about whcther the financial Statem￿ as a whole arc free from opinioTr Rc&sonable is a high Ic¥el of 9$8uraw but is not a 8uaTanttt that an audit Cond￿ in a¢￿Id￿e with ISAS (UK) will always detect a makni81 misststelllent vAKn it exists. Tr4fjsStatemth w arise from fraud or error and are considerna IllatcrA￿ if, indi￿d￿allY or in the aggr¢gat4 they ¢4xlld ttasonably be eX￿cted to inlluej￿¢ the 0￿r appr(Tra¢h was as follow W¢ assesyed the tisks of meterlal mi88talEnYnt of fraudby ll¥kiDg enquirie$ 0fmall￿t dwingtkn audit. and regulatlons i4kntified bejow. that th¢ ll￿St signifi¢attt 18 that ￿lch relates to the Heahh and Sofrty at Work ¢t¢. Art 1974. As port of an a￿]it in acCon]an￿ with ISAS (UK). w¢ ¢x¢rcisc pt0fe55i0t￿ judgejnpnt and nwintain pTofessioDal 3c¢ptici8n) Ébroughoutihp audiL We also: nd perforn] a￿lt procedllr¢8 responsive to those risk4 aod obtsiD audit evidewe tbat is 8uffiGtent atyl aFvropriat¢ to provid¢ a basis for our opinion. Th¢ Ti8k of not d¢tecting a n¥t¢Ti41 misslatement t¢sulting from fraud is bitsr for C￿¢ resuliing from aTor. a8 may involve Coll￿10￿ forgery. 1ntetit1ots￿ omis$ion4 misr¢presentation4 or the ov￿lde of in1tTh￿ cortroi. . Obtsin allunderstanding of internal ¢ontrol relevattt to the audit in order to de8i8D auditprockns that are appropriatc in the ¢Ir¢uu￿¢4 but not for the puzpose of expre8sing an opinion on th¢ effective￿85 of the charitsbl¢ compaty$ . Evaluate the approwiatelless of the a￿Ounting policies used aDd Ibe TAYonablene48 of Ac&￿ti￿ e￿I￿At¢S and . CO￿]ude on the approwialrness of the trusttts, uBe of the goiog concern basi8 of aCC￿]￿ling and. based on the audit on the chllritsble compatys ability tr) continu¢ w a going coftKenk Jf ¢ouclude that a uncertaw oxists. we atc requird kn draw att¢ntiOD ill our auditoes Teport to the related disclosures in the f￿a￿la1 statcll￿s or, if s￿h disclosures are l￿deqUate. to modify ow OPiDiOTr Our conclusio￿¥ are based on th¢ audit cvidence i)btsit￿d up to the presentsti￿ (ie. givu a true and fair vicw). ouroudiL A further description of ourre8PODsibllities for tho audit of th¢ financi￿ 5tatern￿ is I￿￿ted QD the Fill&￿1*1 Reprting cou￿11% w¢bsit¢ at www.frc.0ry.uk1a￿Ilt(ThrspQll5lb1]itle& Thia d¢s¢ription forn￿ part of our R¢port of tbe REPORT OF THE INDEPEf4DENT Ai￿lToRs TO THE TRUSTEES OF THE ROWAN ORGANISATION of our report This report is made solely to th¢ cjwitable compaoys tru*cc4 as a bLKty. in accordallcc with Part 4 of the Charities {A¢￿￿nts and Reports) Regulations 2008. Our oudit woth has been UDdeth 80 that we migbt State to the chwitable compjtys trnstees those nmtters ar¢ required to &tat¢ to them in an auditors. report and for no other pwpose. To the fulkst extent ￿rnitted by law, V4E do not LY &ssumc responMI)ility to anyoD¢ Other than the clwitable QODWIY and the ch￿1t0b￿ •8 trust¢¢s as a body, for our audit work, for tlris rep)rt, or ftir the opititons wc hay¢ forn￿ Airrtsffy 6ishop S,'Mffiioo for aDd on behalf ofArn]thngs Bishop Simmo Eli￿11]e to xt as an auditorin tm ofseL#ion 1212 of the Companics Act21X)6 36 Bond Street CVI14DA Pag¢ 10 THE ROWAN ORGANSSATION STATEMENT OF FINANCIAL AcrIvrTIES FOR THE YEAR EI¥DED 31 MARCH 2024 2023 Donailo￿ leyi¢s 14 (201) Ch￿l1*bEe 4¢livldes CharA*ble Funds 458.801 421.014 4S9.563 345.982 Tot*1 918,378 766,795 EXPEND￿lrR￿ ON Cbarftable a¢tivAtle8 Ch8ritsble Fwjds 827,630 810,122 IYET INCOMEI(EXPENDrn3RE) SYl,748 (43J27) RECONCILIATION OF FUNDS Total funds brou8bt foThvatd {18.958) 24,369 71.790 (18.958) CONfINULNG OPERATIONS All income alld expenditure has &isell from ¢ODtinuing nctivitie& Pag¢ 11 THE ROWAN ORGANISATION BAtANCE SHKET 31 MARCH 2024 2024 2023 fund CURRENT ASSETS Stocks D¢btors Cash at bat 12 13 48 98,827 175,952 67,747 59.859 274.827 127.654 CREDTfoRS AmouDts fa]]ing du#withiTr year 14 (203,037) (146.612) 71,790 (18,958) 71.790 (18,958) 71.790 (18.958) 16 71.790 (18.958) 71.71x1 (18,958) Th¢ charitable comppny 18 entitled to ¢xetyion from audit ulldcr Section 477 of the Cotyllies 2(N)6 for tb¢ y ettd¢d 31 March 2024. Th¢ members hav¢ not (Wit¢d Thoti¢o. pursuattto S¢¢tioo 476 of thc Companies Act 2￿6 requi￿￿ ao audit of tlwe The tr￿e5 a¢ktw)wledg¢ their respOn&￿illtieS for (a) ell8￿]￿8 that th¢ ¢lbaritable ¢ompaDy keeps aceolltiti￿ recwls tbat con)pty with Sections 386 387 of the Act2￿6 and Ib) pzepariD8 fina￿Tal statements vknich givE a true and fair view Dfth stst of affatis of the ¢Ethritsblc cornpany at the eDd of cach finaDcial year aT¥l of its SUTph]s or d¢ficit for ¢ath year in a¢cordance with the rcquirry￿ts of Sections 394 395 and which othenvi￿ collyly with the reqUIr￿ts of the Conwamcs Art 2006 ￿ating to finpncial Statern￿t￿ w far applicable to tk chmtabk compally. TheAe firnxial have be¢n audited uttderthc reqll1r￿ of Section 145 ofthe (]*rities Act 2011. Th¢ finand ststcments w¢re approved by the Board of Tn￿ and autbwised for iss 3 i ..1.& 11; tt.IfS. 2 C 15.. a￿] w¢r¢ signed on its bebalf by: The notes form part of the8¢ fjnan¢ial 8tht¢ll Page 12 THE ROWAN ORGAIYISATION CASH FIAIW STATEM FOR THE YEAR ENDED 31 MARCH 2•24 2024 2023 Not¢$ C¥b tlows from oper8thig iedvltk• CLsb 8enerat¢d from operntions 116,093 19,429 Net cash provided by (ycratiD8 activiti 116.093 19,429 Change In #nd cash •yivxlents in the reporthig pthod Cash and equI￿lents at the beglnnlng Of the ryortlng perlod 116,093 19.429 59.859 40,430 Cash aad tAsh tythaleAts #t the end of the rtporkng perlod 175,952 59.859 Pag¢ 13 THE ROWAN ORGANISATION NOTES TO THE CASH FIL)W STATEMEN FOR THE YEAR ENDED 31 i¥IARCH 2024 RECONCIUATION OF NET INCOMEI(EXPENDITURE) TO NET CASH FLOW FROM 2024 2023 Net Incomel(t*) for the reporth8 perlod {A8 pèr the ststtmemt of Fln•M¢hl Actlvllles) Adjnstments for: . 90.748 (43,327) (31,080) 56,425 39,805 22.951 cash provided by oper￿8 116.093 19.429 ANALYSIS OF CHANGES I¥ET FUNDS At 1.4.23 C48h llow At 31J.24 Net ¢￿h 59.859 116.093 175.952 59.859 116.093 175,952 Totsl 59,859 116.093 175,952 The notes fonn part of these fin8t￿la1 stat¢r¢nts Pa8e 14 THE ROWAIY ORGANISATION NOTES TO THE FINANCIAL STATEMElWts FOR THE YEAR ENDED 31 MARCH 2024 AccouNriNG POLICIES Basls of Pr￿arIng the hknelal 8tsttDwuts The financial statements of th¢ c]witabl¢ ￿mpanY. ￿1¢h is a publi¢ b￿efit entity wider FRS 102. bve bcc pr¢p￿rd in accordance viith the ClwitieB SORP (FRS 102) 'Accounting and Reportitig by (Iwities: st4tem￿t of Recomtnenthd Practlce applicable to clwitie5 prelwing th¢ir accounts iti accordan￿ with thr Financial Reportiag Standard Pdpplicable in Ihe UK aTKI Republic of Ireland (FRS IQ2) (eff¢¢tivc I January 2019),. FiDBncial Rwrting Stanilard 102 The Financial R4￿rtIng Staudard applithle ID the UK 4nd Repth]ic of Ir¢laDd' 8nd the Con4)aaie8 Act 2006. The fmtuKial statern￿ have b¢en Pryar￿ under the historical r05t convcntion. The RowarA Organisation 15 R privats Gornpw litnited by guardnt¢e inco4)orated in England a￿1 w4le& ]n tbe cva* of the Gh8rity being wound w). the liabihty in rwect of the guaratttrc is Jimitrd to £1 per member of the cbrity. The address of the regist¢rcd office is given ID the charity infortnation on page l of these fin8JJcial statements. The nalure of tbe charity8 operations and princi￿1 activitie& are to 5UPPOrt disabled and older pwle to fi]rther their JndepondEnr¢. The charity constht¢s a publi¢ bcuefit entity as defined by FRS 102. The financial statenth hav¢ been applickble to clwities Prepari￿ their a¢￿￿llts in accord￿ with th¢ FiDallcial R¢portinB Standard applicable iti thc UK and Rwb]ic of ]r¢land issued in October 2019, th¢ Financial R¢porting Standard app]icable in th¢ United Kingdom alld Rwublic of Tr¢14Th1 (FRS I￿2), the awitie8 Act 2011. the Con4)8nics Act 2006 aud UK Gell￿llY A¢¢¢pted A¢¢owiliDg Pra¢ti¢e. The fjn8ncial statetwts ar¢ prepared on a going ton¢ern basis under tbe hi5tOri¢AI F08t Conventio￿ modifie4 to inchmk ¢¢rtsin itans at fair vplue. The 6Th4ncial statem¢ots are pruethd in Ster]ing I￿1¢h is thv fuDCtiooal currew of the ¢harity and Tounded to the Dearest £ The si8nificant a￿OUnting policies 4>plied in th¢ prq)orntion of theso fir4ncial statements are &%t out below. Tr8¢ policies hav¢ bKn consist¢ntIy applied for all years presented unle&8 Other￿ Btsted. All Incon￿ resouree8 ar¢ iti¢ludcd in the statem￿ of Fitt8n¢ial Activities (SOFA) when th¢ ¢barAty 13 legally ¢tstktled to the income athr ￿Y p¢rfOrn￿￿ coTr1itio￿ have b¢cn o)e£ the arL)unt bc measured reliabty and it is probable that the iDcome bc rcceivtnllel to con￿riSe of the chief ¢xeGutiv¢. fiDaDCC strategi¢ lead atkl the busines8 COMPARATIVLS FOR THE sfATEMENT OF Fll¥ANCIAL AcrivrriES Donations at)d legacies (201) 421.014 345,982 Total 766.795 ChArltsbk actlvllle8 Chatitable Funds 810,122 (43J27) RECONCJLIATIOIY OF FUNDS Totsl fimds brought forward 24.369 (18.958) Pa8e 19 THE ROWAN ORGANTSATION NOTES TO THE Fll¥ANCIAL sfATEMLNfs. tODthiue41 FOR THE YL4R ENDED 31 MARCH 2024 ii. COST At l April 2023 ttTh131 March 21)24 170.436 DEPRECIATION At l April 2023 aDd 31 fvI￿h 2024 170,436 IYET BOOK VALiIE At 31 Mwrh 2024 At 31 March 2023 12. 2024 2023 48 13. DEBTORS 2024 21723 AnK)UDts fallin8 duc within one yEar.' Trade debtors Other debtor8 45.768 14,627 10.331 41.589 51.859 97,627 66J47 Other debtors 1.200 1200 Awcgate amounts 98,827 67.747 PaBe 20 THE ROWAN ORGANfSATION NOTFS TO THE FINANCIAL STATEMENTS- coDthMed FOR THE YEAR EIYDED 31 MARCH 2024 I& CREDITORS: LMOt)NTS FAILING DUE OIYE YEAR 2024 2023 SociaI security aad other laxes 35255 11,776 24.493 53J18 66,789 11,206 36,197 9,385 25.936 18.406 51520 5,168 VAT Other creditors Def¢￿ed income 203,037 146.612 I& LEASINGAGREEMEIITS minim￿ le88e paymeDts under nofvcancellable operating lea8es fall due &% follow8: 20 2023 Between one alld ftye yat5 4,887 13,438 5.(KJO 18,325 5.600 16. Net At IA23 ID fimds 31.3.24 Unrestrleted fun (18,958) 90.748 71.790 (18.958} 9YI.748 71.790 Net rnov¢ll*￿ ID fimd4 iti¢lude41 in the abov¢ ar¢ as follows: Unrestrlcted Genernl fuDd 918,378 (827,630) s￿.748 TOTAL FtiTqDS 91S.378 (827.63Q) 90,748 Pag¢ 21 THE ROWAN ORGANISATION NOTES TO THE FINANCIAL STATEMENTS. eootinued FOR TRE YEAR ENDED 31 MARCH 2024 I& MOVEMENT IN FUNDS. ¢ODtLThued CowgtEv# for nKtrven￿nt All fund¥ Net At .31.323 At 1.4.22 in funds Unrethkttd fund* 24,369 (43J27) (18,958) TOTAL FL7NDS 24J69 (43J27) (18958) Comp￿tive net ￿￿Yell￿￿ iD fund8, induded in the above 4tE as follows: in fim( General fimd 766,795 (810,122) (43.327) TOTAL F[Jr￿S 766,795 1810,122) (43,327) A current year 12 months andprior ycar 12 nK)nths combinedpo8ition is as follow8: Net At 1.422 funds 313.24 UnrE8trlcted 24,369 47.421 71.PJO TOTAL FUNDS J69 47.421 71,790 A crnt year 12 ll￿nths aDd wior year 12 combined n¢t movthat in Sjndg, in¢luded iti the above are ¥ follow8: IneomiDg Resour¢¢s Movem¢Dt iJnrestrJet¢d fun General fund 1,685.173 (1,637.752) 47,421 T(YfAL FUNDS 1.685.173 (1,637,752) 47,421 Page 22 ¢ontiDued... THE ROWAN ORGANISATION N(YTES TO THE FINANCIAL STATEMEI¥TS. eonthiued FOR THE YEAR ENDED 31 MARCH 2024 17. EMPLOYEE BENEFrr OBLIGATIONS PCn5ion Fund. prtividiDg b￿¢fits based on finoi SAlary up to 31 Marc& 2018. Thc ofthc sch¢llr are hcld 3¢PaT*ty from theth08e of tr charity. At 2016. th¢ petiston *hcrne w&$ 8Y/o futtd¢d aud there vras a deficit rccoyery period over19 years to make that up ID lI)O% fimdeit The romn￿ cmployeT ￿thibUtIon rate if the w&8 IOW• futmled is 29.2% however (kfi¢itr¢covery. From 31 Marth 2018. The Rov/4ll Or88nisation is an exited xh¢me employw. Ther¢for¢ fhere arr no employees coDtrThubngto the sclwne fromthat date. The P¢nsion Fund Instr￿t￿ its to calculate ￿eXitpaYmrDt . accordancc witb Re￿th0￿ 64 of the Governm¢nt P¢osion Sdmne Regulations 2013. The exit p8yrnent du¢ to the Peosioti Futtd from The RoThRD Organisation wa5 £993,000. As The Rowan or￿n{S8t10￿ is W￿le to y tb¢ uit payment, th¢ PcDsion Fu￿1 have thttered into a legal 8gre¢mcnt with The Rowao Or8atiisation and the County Council {as 8uara*) to confirni that the Couttty Counoil meet th¢ outstandiD8 liabijili¢s re8arding the ¢xi¢payDKnt in pl*¢ of The Rowan Or8Dni8atioty Th¢ Rovi*tt Organi￿00Th vrill liable for the earty strthin pawn¢nt of £28.812 and have ent¢red into a r¢pvdJincnt a￿m¢￿tWIth th¢ pension fund to repty this from l Febnory2021 by 115 in8tahnents of £250 and a final instahn¢nt of £62. At 31 March 2024. £19.562 (31 Mar¢h2023 . £22562) p￿$ QUtstsnth& Foll￿rring the ¢losure of the ￿ Anthority final salary pension scheme, all JTh eD¥loytts were offered a stthlwlder petision se1￿￿￿ inst¢*t Any existing qnployees who bave joiti¢d a pension ￿herne as yet and the employec8 WIK) wffc ftn the I￿4] Authority pensAoTh VAII be abl¢ to joio th¢ Dew auto Th¢ P¢D5iOll Cost and charge rctrtsents conthJutiOA8 payabk by the charity to the to the st&knhDlder pension Sche￿ to the new auloeDTvllmeDt scheme. The conthutions amounted to £24.45912023 £21.686. At 31 March 2024, fA.175 (2023 - £262) was outstanthng. I& RELATED PARTY DISCtAfrSURES D￿lD￿ th¢ yEar 31 Mar¢b 2024. IDaila￿￿ scrvices anM>Dthg to £rJ (2023 £610) weTr pmvid¢d to Tro@ limite(L the pmfit making arni Intro￿ to sUp￿rt the clwitable aill￿ of the organisation. D Houghton. thc chicf executive of th¢ Rowan O￿an]satIOn ig also a dircctor of Tro@ Limited. Mr8 K srni1￿ the d¢pDty cbicf eX￿e of the Row8n Organisation was a150 a director of Limited unttl 5 September 2024. At 31 MAr¢h 2024, £0 (2023 £1.505) to the Rowau OrgaDiSatiOD. 19. Thrr¢ arc arrently Do designat￿ or restricted fiwds iti thr orprior year. CLcnE ￿￿E￿)￿)010￿}￿Doo iii c£kn rr• Ie-cO~ri)l¥(O(n￿aj c E &+) o >uJ til(ir.- E r¢£~ ErJOct)w"- aj