REGISTERED COMPANY NUMBER: 02783681 (England and Wales) REGISTERED CHARITY NUMBER: 1017932
THE ROWAN ORGANISATION
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
Armstrongs Chartered Accountants and Statutory Auditors Gethin House 36 Bond Street Nuneaton Warwickshire CV11 4DA
THE ROWAN ORGANISATION
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Report of the Trustees | 2 | to | 4 |
| Report of the Independent Auditors | 5 | to | 7 |
| Statement of Financial Activities | 8 | ||
| Balance Sheet | 9 | ||
| Cash Flow Statement | 10 | ||
| Notes to the Cash Flow Statement | 11 | ||
| Notes to the Financial Statements | 12 | to | 20 |
THE ROWAN ORGANISATION
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2025
TRUSTEES Ms D E Cambray (resigned 3.12.2024) Mrs D Clews (resigned 3.12.2024) Mrs. A Forwood (resigned 29.10.2025) Cllr R Jarvis (resigned 3.12.2024) A Collins (appointed 1.7.2025) J Bhardwaj (appointed 1.7.2025) P Bower (appointed 1.7.2025) D Reynolds (appointed 1.7.2025) Ms H J Wilkinson (appointed 1.9.2025) REGISTERED OFFICE Unit 7 Colliers Way Old Arley Coventry West Midlands CV7 8HN REGISTERED COMPANY 02783681 (England and Wales) NUMBER REGISTERED CHARITY 1017932 NUMBER AUDITORS Armstrongs Chartered Accountants and Statutory Auditors Gethin House 36 Bond Street Nuneaton Warwickshire CV11 4DA SOLICITORS Mr David Dumbleton Rotherham & Co 8&9 The Quadrant Coventry CV1 2EG BANKERS Santandar Corporate Banking Bridle Road Bootle Merseyside L30 4GB
Page 1
THE ROWAN ORGANISATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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) (effective 1 January 2019).
The Trustees present their report and the audited financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" in preparing the annual report and financial statements of the charity.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and Accounting and Reporting by Charities: 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 published in October 2019.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The principal purpose of the organisation, as defined by the Memorandum of Association, is to support disabled and older people to further their independence. We are also committed to the empowerment of disabled and older people by supporting them to overcome the barriers, both physical and attitudinal which prevent them from being in control of their lives. The provision of direct payments support services that enable disabled and older people to live more independently within the community and enable them to exercise more choice and control over the way that they live their lives.
We provide Support planning and Brokerage Services, Direct Payments Support Services (Independent Living Schemes), Personal Health Budget Support Services, Advice & Information Services, Payroll services, Managed Accounts, Training, Recruitment Line, DBS Vetting Service and Personal Assistants (PA) registers.
Our current area of operation covers England and Wales.
Activities and Achievements
This year we continued to provide payroll and support services to more than 2,700 people, working in partnership with local authorities and Integrated Care Boards. Our teams support individuals and families to navigate the responsibilities of managing personal assistants, budgets and support arrangements, always centred on choice and independence.
Public benefit
The Rowan Organisation supports people across England and Wales to live independently, make informed choices and control their own support arrangements. Our work includes direct payments support, personal health budgets, payroll services and related advice and information. Trustees confirm that we have given due regard to the Charity Commission's guidance on public benefit.
STRATEGIC REPORT
Financial review Net income: £13,445 Total funds carried forward: £85,235 Cash at bank: £170,284
The charity remains solvent, although income has reduced and the organisation experienced negative operating cash flow. Trustees intend to adopt a reserves policy and introduce rolling forecasts to improve financial resilience. More detail on how we intend to achieve this will be presented to members at the AGM.
The audited financial statements do not record any payments to trustees or any related party transactions during the year.
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THE ROWAN ORGANISATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
STRATEGIC REPORT
Plans for future
Priorities include:
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Strengthening governance and compliance.
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Improving financial planning and audit readiness
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Continuing to deliver services that help people live with independence, dignity and choice.
We will continue investing in the development of trustee induction and support processes as part of our commitment to transparency and strong oversight.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Rowan Organisation is a company limited by guarantee incorporated under Memorandum of Association on 26th January 1993, which established the objects and powers of the charitable company and is governed by its Articles of Association (company Registration Number 2783681) and registered as charity number 1017932 on 2nd March 1993.
Membership is open to people who use our services and affiliated organisations. The liability of each member is limited to £1.
During the year there were changes in the composition of the Board. Some trustees stepped down and new trustees joined. All current trustees were recruited or co opted through an open application process. Each trustee will be presented for confirmation by members at the next Annual General Meeting, as set out in our Memorandum and Articles of Association.
There has been no formal induction process for trustees. The Board recognises this gap and is addressing it through our wider governance review, which is already under way. Our aim is to build an induction approach that reflects our values of inclusion, empowerment and clarity.
The organisation continued to face governance challenges, including previous periods of non quoracy. The Board acknowledges these issues openly and has taken steps to strengthen oversight and decision making.
FUNDS HELD AS CUSTODIAN FOR OTHERS
The Rowan Organisation holds individual client funds on the EML Services platform so that people can pay their personal assistants and service providers in line with their support plans and funding agreements. Funds are held separately on behalf of each individual and are used only for their intended purpose. This arrangement ensures people can manage their support confidently and securely.
TRUSTEES' RESPONSIBILITY STATEMENT
The trustees (who are also the directors of The Rowan Organisation for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
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THE ROWAN ORGANISATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
TRUSTEES' RESPONSIBILITY STATEMENT - continued
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
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there is no relevant audit information of which the charitable company's auditors are unaware; and
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the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
AUDITORS
The auditors, Armstrongs, will be proposed for re-appointment at the forthcoming Annual General Meeting.
Report of the trustees, approved by order of the board of trustees, as the company directors, on 30 January 2026 and signed on its behalf by:
Hilary Wilkinson (Jan 30, 2026 17:30:50 GMT)
Ms H J Wilkinson - Trustee
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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE ROWAN ORGANISATION
Opinion
We have audited the financial statements of The Rowan Organisation (the 'charitable company') for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
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give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:
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the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or
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the charitable company has not kept adequate accounting records; or
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the financial statements are not in agreement with the accounting records and returns; or
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we have not received all the information and explanations we require for our audit.
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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE ROWAN ORGANISATION
Responsibilities of trustees
As explained more fully in the Trustees' Responsibilities Statement, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
Our responsibilities for the audit of the financial statements
We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
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Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the charitable company's internal control.
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Evaluate the appropriateness of the accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees.
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Conclude on the appropriateness of the trustees' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charitable company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the charitable company to cease to continue as a going concern.
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Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation (i.e. gives a true and fair view).
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE ROWAN ORGANISATION
Use of our report
This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's trustees as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of Armstrongs Chartered Accountants and Statutory Auditors Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 Gethin House 36 Bond Street Nuneaton Warwickshire CV11 4DA
30 January 2026
Page 7
THE ROWAN ORGANISATION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
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2025 2024
Unrestricted Total
fund funds
Notes £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 - 15
Charitable activities 3
Charitable Funds 487,408 458,801
Other income 4 441,663 459,562
Total 929,071 918,378
EXPENDITURE ON
Charitable activities 5
Charitable Funds 915,626 827,630
NET INCOME 13,445 90,748
RECONCILIATION OF FUNDS
Total funds brought forward 71,790 (18,958)
TOTAL FUNDS CARRIED FORWARD 85,235 71,790
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CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
Page 8
THE ROWAN ORGANISATION
BALANCE SHEET
31 MARCH 2025
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2025 2024
Unrestricted Total
fund funds
Notes £ £
CURRENT ASSETS
Stocks 13 48 48
Debtors 14 82,182 98,827
Cash at bank 170,284 175,952
252,514 274,827
CREDITORS
Amounts falling due within one year 15 (167,279) (203,037)
NET CURRENT ASSETS 85,235 71,790
TOTAL ASSETS LESS CURRENT
LIABILITIES 85,235 71,790
NET ASSETS/(LIABILITIES) 85,235 71,790
FUNDS 17
Unrestricted funds 85,235 71,790
TOTAL FUNDS 85,235 71,790
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The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.
The members have not deposited notice, pursuant to Section 476 of the Companies Act 2006 requiring an audit of these financial statements.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been audited under the requirements of Section 145 of the Charities Act 2011.
The financial statements were approved by the Board of Trustees and authorised for issue on 30 January 2026 and were signed on its behalf by:
Hilary Wilkinson (Jan 30, 2026 17:30:50 GMT)
H J Wilkinson - Trustee
The notes form part of these financial statements
Page 9
THE ROWAN ORGANISATION
CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025
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2025 2024
Notes £ £
Cash flows from operating activities
Cash generated from operations 1 (5,668) 116,093
Net cash (used in)/provided by operating activities (5,668) 116,093
Change in cash and cash equivalents in
the reporting period (5,668) 116,093
Cash and cash equivalents at the
beginning of the reporting period 175,952 59,859
Cash and cash equivalents at the end of
the reporting period 170,284 175,952
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The notes form part of these financial statements
Page 10
THE ROWAN ORGANISATION
NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025
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1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
2025 2024
£ £
Net income for the reporting period (as per the Statement of Financial
Activities) 13,445 90,748
Adjustments for:
Decrease/(increase) in debtors 16,645 (31,080)
(Decrease)/increase in creditors (35,758) 56,425
Net cash (used in)/provided by operations (5,668) 116,093
2. ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.24 Cash flow At 31.3.25
£ £ £
Net cash
Cash at bank 175,952 (5,668) 170,284
175,952 (5,668) 170,284
Total 175,952 (5,668) 170,284
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The notes form part of these financial statements
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THE ROWAN ORGANISATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The Rowan Organisation is a private company limited by guarantee incorporated in England and wales. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the charity's operations and principal activities are to support disabled and older people to further their independence.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice.
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in Sterling which is the functional currency of the charity and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below: These policies have been consistently applied for all years presented unless otherwise stated.
Income
All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.
For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.
No amount is included in the financial statements for volunteer time in line with the SORP. Further detail is given in the Trustees' Annual Report.
Incoming resources from local authorities is accounted for as the charity earns the right to consideration by its performance.
Expenditure
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably.
Resources expended include attributable VAT which cannot be recovered. Any VAT recoverable under the partial exemption scheme is shown separately in note 6.
Expenditure is allocated to activities/cost centres in which it relates.
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THE ROWAN ORGANISATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES - continued
Expenditure
Charitable expenditure comprises of those costs incurred by the charity in the delivery of its activities and its services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those of an indirect nature necessary to support them.
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably.
Governance costs include costs associated with meeting the constitutional and statutory requirements of the charity and include audit fees and costs linked to the strategic management of the charity.
Staff costs overheads expenses are allocated to activities on the basis of staff time spent on those activities.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:
- Fixtures and fittings are depreciated over 7 years straight line .
Items which are under £1,000 are written off in the year of their purchase as per Board of Management Policy.
Taxation
The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.
Fund accounting
Restricted funds are to be used for specific purposes as laid down by the donor. However there are no restricted funds during the current or previous financial year.
Unrestricted funds are incoming resources receivable or generated for the objects of the charity. Local Authorities funding/grants and any donations which does not have a condition imposed by the donor are treated as unrestricted funds.
Designated funds are unrestricted funds earmarked by the Board of Management for a particular purpose.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Operating leases
Rentals payable and receivable under operating leases are charged to the SoFA on a straight line basis over the period of the lease.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
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THE ROWAN ORGANISATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES - continued
Deferred income
Income where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance. Where income is received in advance of performance its recognition is deferred and included as creditors.
2. DONATIONS AND LEGACIES
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2025 2024
£ £
Donations - 15
3. INCOME FROM CHARITABLE ACTIVITIES
2025 2024
Activity £ £
Local Authorities Funding Charitable Funds 487,408 458,801
4. OTHER INCOME
2025 2024
£ £
DBS Vetting Service 21,484 16,633
Pension Charges 25,622 30,807
Miscellaneous 7,232 37,663
Advertising 7,800 7,258
Support etc 137,792 108,872
Payroll Service 231,206 198,871
Bank interest 10,527 9,458
-
Exceptional items 50,000
441,663 459,562
5. CHARITABLE ACTIVITIES COSTS
Charitable Funds 2025 2024
£ £
Staff Costs 707,286 627,775
Rent and Service Charge 7,653 9,756
Training (Staff & SFC) 1,795 (98)
Insurance 2,803 2,687
Recruitment Costs - (500)
Telephone 7,626 6,659
Postage and Stationery 15,836 14,585
Photocopying 3,075 1,973
Room Hire 307 575
Aggregate Amounts 746,381 663,412
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THE ROWAN ORGANISATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
6. SUPPORT COSTS
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Charitable Funds
2025 2024
£ £
Rates and Water - 721
Sundries - 316
Bank Charges 5,771 3,549
VAT Reimbursement (34,003) (25,341)
Equipment Maintenance and Subscriptions 154,270 138,575
Staff Security/Welfare 727 1,237
DBS Vetting Service 9,366 7,321
Audit Fees 14,175 7800
Motor Expense - Travel 16,914 18,266
Bad Debts 2,026 11,775
Aggregate Amounts 169,246 164,219
7. OTHER
2025 2024
£ £
Support costs 169,246 164,219
8. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
2025 2024
£ £
LGPS Early Retirement 7,653 9,756
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9. TRUSTEES' REMUNERATION AND BENEFITS
No trustee or director received remuneration nor are accruing retirement benefits via the company defined benefit pension scheme.
Trustees' expenses
Travel cost and expenses amounting to £Nil (2024 £Nil) were incurred for 4 (2024 5) members of the management committee.
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THE ROWAN ORGANISATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
10. STAFF COSTS
| Wages and salaries Social security costs Other pension costs The average monthly number of employees during the year was as follows: Advice and information Administration and finance Managerial |
2025 £ 638,331 44,270 24,684 707,285 2025 9 18 2 29 |
2024 £ 565,412 37,903 24,459 627,774 2024 9 17 2 28 |
||
|---|---|---|---|---|
No employee earned more than £60,000 per annum during the year.
No trustee or director recieved remuneration nor are accruing retirement benefits via the company defined benefit pension scheme.
There were 24 (2024 -23) members of staff accruing benefits under auto-enrolment.
The total amount paid to key management personnel is £100,896 (2024 - £95,071). The charity consider its key management personnel to comprise of the chief executive, finance strategic lead and the business and development lead.
11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Charitable Funds Other income |
Unrestricted fund £ 15 458,801 459,562 |
|---|---|
| Total | 918,378 |
| EXPENDITURE ON Charitable activities Charitable Funds |
827,630 |
| NET INCOME RECONCILIATION OF FUNDS Total funds brought forward |
90,748 (18,958) |
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THE ROWAN ORGANISATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
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Unrestricted
fund
£
TOTAL FUNDS CARRIED FORWARD 71,790
12. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£
COST
At 1 April 2024 170,436
Disposals (170,436)
At 31 March 2025 -
DEPRECIATION
At 1 April 2024 170,436
Eliminated on disposal (170,436)
At 31 March 2025 -
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 -
13. STOCKS
2025 2024
£ £
Stocks 48 48
14. DEBTORS
2025 2024
£ £
Amounts falling due within one year:
Trade debtors 30,957 45,768
Accrued income 50,025 51,859
80,982 97,627
Amounts falling due after more than one year:
Other debtors 1,200 1,200
Aggregate amounts 82,182 98,827
----- End of picture text -----
continued...
Page 17
THE ROWAN ORGANISATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade creditors Social security and other taxes VAT Other creditors Deferred income Accrued expenses |
2025 £ 25,931 12,592 23,980 13,814 80,398 10,564 167,279 |
2024 £ 35,255 11,776 24,493 53,518 66,789 11,206 203,037 |
|---|---|---|
16. LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
| Within one year Between one and five years MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS |
At 1.4.24 £ 71,790 71,790 Incoming resources £ 929,071 929,071 |
2025 2024 £ £ 13,287 4,887 17,652 13,438 30,939 18,325 Net movement At in funds 31.3.25 £ £ 13,445 85,235 13,445 85,235 Resources Movemen expended in funds £ £ (915,626) 13,445 (915,626) 13,445 |
|---|---|---|
17. MOVEMENT IN FUNDS
continued...
Page 18
THE ROWAN ORGANISATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
17. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.4.23 £ Unrestricted funds General fund (18,958) TOTAL FUNDS (18,958) Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 918,378 TOTAL FUNDS 918,378 |
Net movement At in funds 31.3.24 £ £ 90,748 71,790 90,748 71,790 Resources Movement expended in funds £ £ (827,630) 90,748 (827,630) 90,748 |
|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| At 1.4.23 £ Unrestricted funds General fund (18,958) |
Net movement At in funds 31.3.25 £ £ 104,193 85,235 |
|---|---|
| TOTAL FUNDS (18,958) |
104,193 85,235 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund |
Incoming Resources resources expended £ £ 1,847,449 (1,743,256) |
Movement in funds £ 104,193 |
|---|---|---|
| TOTAL FUNDS | 1,847,449 (1,743,256) |
104,193 |
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Page 19
THE ROWAN ORGANISATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
18. EMPLOYEE BENEFIT OBLIGATIONS
The Rowan Organisation operated a funded pension scheme, established under Warwickshire County Council pension Fund, providing benefits based on final salary up to 31 March 2018.
The assets of the scheme are held separately from the those of the charity.
At 2016, the pension scheme was 82% funded and there was a deficit recovery period over 19 years to make that up to 100% funded. The common employer contribution rate if the scheme was 100% funded is 29.2%, however The Rowan Organisation was paying an employer contribution rate of 31.4% which included an element of deficit recovery.
From 31 March 2018, The Rowan Organisation is an exited scheme employer. Therefore there are no employees contributing to the scheme from that date. The Pension Fund instructed its actuary to calculate an exit payment in accordance with Regulation 64 of the Local Government Pension Scheme Regulations 2013. The exit payment due to the Pension Fund from The Rowan Organisation was £993,000. As The Rowan Organisation is unable to pay the exit payment, the Pension Fund have entered into a legal agreement with The Rowan Organisation and the County Council (as guarantor) to confirm that the County Council will meet the outstanding liabilities regarding the exit payment in place of The Rowan Organisation. The Rowan Organisation will remain liable for the early strain payment of £28,812 and have entered into a repayment agreement with the pension fund to repay this from 1 February 2021 by 115 instalments of £250 and a final instalment of £62. At 31 March 2025, £16,562 (31 March 2024 - £19,562) was outstanding.
Following the closure of the Local Authority final salary pension scheme, all new employees were offered a stakeholder pension scheme instead. Any existing employees who have not joined a pension scheme as yet and the employees who were formerly in the Local Authority pension scheme will be able to join the new auto enrolment scheme if they so choose.
The pension cost and charge represents contributions payable by the charity to the fund, to the stakeholder pension scheme and to the new autoenrollment scheme. The contributions amounted to £24,684 (2024 £24,459). At 31 March 2025, £4,814 (2024 - £4,175) was outstanding.
19. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
20. PURPOSE OF FUNDS
There are currently no designated or restricted funds in the current or prior year.
Page 20
NBS232 - Charity Accounts 31.03.2025
Final Audit Report
2026-01-30
Created: 2026-01-30 By: Alan Collins (alan@mrbsupport.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAfcIv7Acnir3RoDYo-LDmC-erVqoXafo_
"NBS232 - Charity Accounts 31.03.2025" History
Document created by Alan Collins (alan@mrbsupport.co.uk)
2026-01-30 - 5:26:13 PM GMT
Document emailed to Hilary Wilkinson (hilary_wilkinson2@hotmail.com) for signature 2026-01-30 - 5:26:18 PM GMT
Email viewed by Hilary Wilkinson (hilary_wilkinson2@hotmail.com) 2026-01-30 - 5:29:57 PM GMT
- Document e-signed by Hilary Wilkinson (hilary_wilkinson2@hotmail.com) Signature Date: 2026-01-30 - 5:30:50 PM GMT - Time Source: server
Agreement completed.
2026-01-30 - 5:30:50 PM GMT