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← The Red Rose Charitable Trust

2025-05-31-accounts

THE RED ROSE CHARITABLE TRUST (Charity Number: 1038358) ACCOUNTS FOR THE YEAR ENDED 31 MAY 2025

Prepared by: Rathbones Trust Company Limited Port of Liverpool Building Pier Head Liverpool L3 1NW

THE RED ROSE CHARITABLE TRUST ACCOUNTS FOR THE YEAR ENDED 31 MAY 2025 INDEX

Page

1-4 Trustees' Annual Report
5 Independent Examiner's Report
6 Statement of Financial Activities
7 BalanceSheet

8-16 Notes to the Accounts (include Accounting Policies)

THE RED ROSE CHARITABLE TRUST ACCOUNTS FOR THE YEAR ENDED 31 MAY 2025 TRUSTEES' ANNUAL REPORT eee

The Trustees have pleasure in submitting their Annual Report and Financial Statements for the year ended 31 May 2025.

Objectives and Activities

The Trustees hold the original sum and any further sums and any further property paid to them and all other subscriptions and donations made and given for the charity's purposes UPON TRUST so the funds shall be applied in accordance with the provisions hereinafter contained for the following purposes:-

(c) The relief of financial difficulty particularly those who come within the following groups:-

(d) To provide financial support for such organisations that provide facilities for under privileged children and young people who reside in deprived and neglected areas.

The Trustees fulfil their obligations by making grants and clearly state that their preferences are for the elderly, the physically and mentally handicapped and to the individuals who fall within those categories, with a special preference to helping people from the Merseyside, East Lancs, Wirral and North Wales areas. The Trustees do not themselves intend to engage in charitable activities other than making of charitable donations.

The Trustees held Unrestricted Funds of Income and Expendable Endowment capital at the financial year-end. All funds are available at the Trustees’ discretion and they are satisfied the funds are adequate to meet with the Charity's current objectives, which will continue for the foreseeable future.

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THE RED ROSE CHARITABLE TRUST ACCOUNTS FOR THE YEAR ENDED 31 MAY 2025 TRUSTEES' ANNUAL REPORT eee

Achievements and Performance

Grants:

During the year the Trustees made donations to 29 organisations (32 in 2024) and a full list is detailed in the notes to these Accounts.

The Trustees comply with $17(5) Charities Act 2011 to have due regard to the Public Benefit guidance issued by the Charity Commission and are satisfied that the Charity meets the public benefit criteria when meeting its objectives.

Financial Review

Net income from investments and bank interest increased to £43,716 from £39,402 in 2024. In addition, a donation was received in the sum of £25. A total of £10,417 (£10,067 in 2024) was spent generate the funds, in the form of investment management fees. Charitable donations awarded during the year totalled £35,000 (£37,000 in 2024), with £2,613 (£2,920 in 2024) being expended on support and office costs and £7,368 (£6,180 in 2024) being paid in respect of governance costs. Net recognised losses totalled £3,237 (net gains of £104,668 in 2024), resulting in a net decrease in total funds for the year of £14,894 (increase of £87,904 in 2024). The Trustees held funds of £1,451,425 as at 31 May 2025, of which £1,447,991 represented Expendable Endowment capital (£1,466,319 in 2024) and £3,434 represented Unrestricted Income Funds, primarily held as cash.

Investments:

Most of the Trustees' capital is invested on the stock market. The value of the Trust's portfolio as at 31 May 2025 totalled £1,418,285, a decrease from £1,443,266 as at 31 May 2024. The Trustees have reviewed the movements within the portfolio throughout the financial year and discussed performance with their investment manager. The position will be kept under review.

Reserves:

General reserves are Unrestricted Income Funds, freely available to spend on furthering the charity's purposes. General reserves are those which remain after the Trustees have set aside amounts required for specific purposes, such as designated funds. Restricted Funds, Expendable Endowment and Permanent Endowment are excluded when Trustees consider the Reserves of a Charity.

It is not the intention of the Trustees to build up income reserves, with all funds being available for spending at the Trustees’ discretion. Accordingly, the Trustees consider any balance of Unrestricted Income Funds held at the financial year-end to be General Reserves.

Investment Policies:

As there are no specific restrictions of investment powers under the governing deed, the Trustees have full discretion over the investments. The Trustees have delegated Rathbones Investment Management to have full discretionary day to day control of the investments. In accordance with the Trustee Act 2000, as this duty has been delegated, the Trustees have in place a Policy Statement, which is reviewed annually. Rathbones Investment Management confirm adherence to the policies contained in the statement, or provide details of exceptions with explanations.

The Trustees reviewed the policies in May 2024. It was agreed to change the benchmark for the Trust, in light of current and anticipated global market conditions. The Policy Statement was updated and Rathbones Investment Management confirmed adherence to the revised policies. Page 2

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THE RED ROSE CHARITABLE TRUST ACCOUNTS FOR THE YEAR ENDED 31 MAY 2025 TRUSTEES’ ANNUAL REPORT Serteee

Risk

The Charity Trustees have given consideration to the major risks to which the charity is exposed and are Satisfied that systems or procedures have been established in order to manage those risks. After considering the areas of governance, operation, finance, environmental and compliance the Trustees have identified that major negative fluctuations in investment assets could cause a material risk to the Charity's funds. In order to mitigate this risk and in accordance with s15 Trustee Act 2000 the Trustees have established a Policy Statement to be adhered to by the Investment Manager, which is reviewed at least once a year in line with investment performance. Structure, Goyernance and Management The Red Rose Charitable Trust is a registered charity created by Deed dated 18 May 1994. Its governing body are the Trustees. New Trustees are elected by a majority of existing Trustees and are selected due to their connection to the current Trustees and expertise they bring to the Charity. Procedures have not been adopted for the recruitment, and training of Trustees but all ensure they continue to operate within current guidelines by discussing all issues arising as advised by the Charity Commission and Rathbones Trust Company Limited during their meetings.

The Trustees ensure that they are operating within current guidelines by discussing all issues arising as advised by the Charity Commission and Rathbones Trust Company Limited during their meetings. The Trustees meet once per year to review performance and any other matters arising. All Trustees are expected to attend the meetings and play an active role in the administration of the Trust, including researching possible donees and visiting charities and events where applicable.

Reference and Administrative Details

Registered No: 1038358

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||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |Principal|address:|3|Church|Farm|Court,|Lower|Heswall,|Wirral,|CH60|OEU| |Trustees|who|served| |during|the|year and|on|Mr|James|Nigel|Lewis|Packer| |the|date|the|report|Mrs|Jane|Louise|Fagan| |was|approved:|Mr|Julian|Benson|Rathbone| |Accountants:|Rathbones|Trust|Company,|Port of|Liverpool|Building,|Pier|Head,|Liverpool,|L3|1NW| |Independent|Examiner|Kerry|Roberts,|TEP|FMAAT|MCSI,|C/o|Port|of|Liverpool|Building,|Pier|Head,| |Liverpool,|L3|1NW| |Bankers:|Barclays|Bank|plc,|Liverpool|City|Office,|48B|&|50|Lord|Street,|Liverpool,|Merseyside| |Investment|Advisor:|Rathbones|Investment|Management,|Port|of|Liverpool|Building,|Pier|Head,|Liverpool| |Solicitors:|Brabners|LLP,|Horton|House,|Exchange|Flags,|Liverpool,|L2|3YL|

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Plans for the Future

The Trustees are satisfied with their aims for the Charity and its current procedures, and do not foresee any changes being required in order to meet with them and fulfil its purposes in the near future.

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THE RED ROSE CHARITABLE TRUST ACCOUNTS FOR THE YEAR ENDED 31 MAY 2025 TRUSTEES' ANNUAL REPORT Bethea each RT a dS

Statement of Trustees’ responsibilities for the annual accounts

The Trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and 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 that give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.

In preparing these financial statements, the Trustees are required to:

The Trustees have assessed the charity's ability to continue as a going concern and considered any material uncertainties that may impact this assessment.

The Trustees are responsible for:

Declaration

The Trustees confirm that they have approved the Trustees’ Report and the financial statements above and are satisfied that the charity has adequate assets available to fulfil its obligations and that the accounts comply with current statutory requirements

Signed by the Charity's Trustees:

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Mr James Nigel Le EB Mrs Jane Louise Fagan
Mr Julian Bens athbone
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THE RED ROSE CHARITABLE TRUST ACCOUNTS FOR THE YEAR ENDED 31 MAY 2025 INDEPENDENT EXAMINER'S REPORT

Independent Examiner's report to the Trustees of the Red Rose Charitable Trust (1038358)

| report on my examination of the accounts of the above named charity ("the Trust") for the year ended 31 May 2025, which are set out on pages6 to 16.

Responsibilities of the Trustees and Independent Examiner

As the charity's Trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act”). You consider that an audit is not required under s144 of the Act and that an independent examination is needed.

| report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination, | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. It is my responsibility to state whether particular matters have come to my attention.

Basis of Independent Examiner's Report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view. The report is limited to those matters set out in the statement below.

Independent Examiner's statement

| am a member of an approved body subject to the provisions of the Revised Ethical Standard 2024 issued by the Financial Reporting Council (FRC). Rathbones Trust Company has provided bookkeeping services in accordance with the terms of engagement signed by the Trustees and | do not report to the bookkeeper in any respect. | give due consideration to the FRC's Revised Ethical Standard 2024 at all times.

| have completed my examination and confirm that no matters have come to my attention which give me cause to believe that in any material respect:

| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this reportin.order for a proper understanding of the accounts to be reached.

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Kerry Roberts TEP FMAAT MCSI C/o Port of Liverpool Building, Pier Head, Liverpool

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Date
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THE RED ROSE CHARITABLE TRUST ACCOUNTS FOR THE YEAR ENDED 31 MAY 2025 STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted Restricted Expendable
income Income Endowment Total Total
Funds Funds Funds Funds Funds
2025 2025 2025 2025 2024
£ £ £ E £
Notes
Income from:
Donations 3 0 25 0 25 0
Investments 4 43,317 0 (409) 42,908 38,658
Other Income 5 808 0 0 808 744
Total Income 44,125 25 (409) 43,741 39,402
Expenditure on:
Raising funds 6 0 0 10,417 10,417 10,067
Charitable activities 7 44,956 25 0 44,981 46,100
Total Expenditure 44,956 25 10,417 55,398 56,167
Net gains/(losses) realised and unrealised
on investment assets 10 0 0 (3,237) (3,237) 104,668
Net income/(expenditure) (831) 0 (14,063) (14,894) 87,904
Transfers between funds 75 4,265 0 (4,265) 0 0
Netmovement in funds 3,434 0 (18,328) (14,894) 87,904
Reconciliation of funds:
Total Funds as at 1 June 2024 0 0 1,466,319 1,466,319 1,378,415
TotalFundsasat 31May2025 3,434 0 1,447,991 1,451,425 1,466,319

The notes on pages 8 to 16 form part of these accounts.

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THE RED ROSE CHARITABLE TRUST ACCOUNTS FOR THE YEAR ENDED 31 MAY 2025 BALANCE SHEET

Unrestricted Restricted Expendable
Income Income Endowment Total Total
Funds Funds Funds Funds Funds
2025 2025 2025 2025 2024
£ £ £ £ £
Notes
Fixed Assets
Investments 10 0 0 1,418,285 1,418,285 1,443,266
Total Fixed Assets 0 0 1,418,285 1,418,285 1,443,266
Current Assets
Debtors 11 3,342 0 0 3,342 2,770
Cash at bank and in hand 12 8,960 0 29,706 38,666 29,653
Total CurrentAssets 12,302 29,706 42,008 32,423
Liabilities
Creditors:
Amounts falling due within one year 13 8,868 0 0 8,868 9,370
Net Current Assets 3,434 0 29,706 33,140 23,053
Total NetAssets as at 31 May 2025 3,434 0 1,447,991 1,451,425 1,466,319
Represented by:
TotalFundsasat31May2025 3,434 0 1,447,991 1,451,425 1,466,319

As approved and signed by the Charity's TruSte@S ON ........cccscseeeeeeeeceeseeeneeseeesueaaeeeseuseeeeeeenees

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Mr Julian“VE.BertSon Rathbone Mrs Jane Louise Fagan
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The notes on pages 8 to 15 form part of these accounts.

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THE RED ROSE CHARITABLE TRUST ACCOUNTS FOR THE YEAR ENDED 31 MAY 2025 NOTES TO THE ACCOUNTS

1 Accounting Policies The Red Rose Charitable Trust is governed by a Settlement Deed dated 18 May 1994 and registered in England and Wales. The principal address is C/o 3 Church Farm Court, Lower Heswall, Wirral, CH60 OEU. Accounting Convention The financial statements have been prepared in accordance with the accounting policies set out in Note 1 to the financial statements 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 (FRS 102)” (effective 1 January 2019).

The charity is a Public Benefit Entity as defined by FRS 102.

The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The accounts have been prepared on the historical cost convention, modified to include the revaluation of investments at fair value. The principal accounting policies adopted are set out below. The charity has taken advantage of the provisions in the SORP for Charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

Going Concern

The Trustees have assessed whether the use of Going Concern is appropriate and have concluded that charity has adequate resources and reserves to enable it to continue in operational existence for the foreseeable future and there are no material uncertainties about the charity's ability to continue as a concern and thus the Trustees continue to adopt the ‘going concern’ basis of accounting in preparing the financial statements.

Charitable Funds

Unrestricted funds of income are available for the general purposes of the charity, to be applied by at the discretion of the trustees to further the charity's objectives, unless the funds have been designated for for other purposes.

Restricted funds arise when income is subject to conditions imposed by the donor, specifying the purpose for which the resources must be used.

Expendable Endowment Funds of capital are held by the charity primarily for income generation, with the. power to convert some of all of the capital into income and spend it at the trustees’ discretion. Monies are invested by the trustees into shareholdings, from which a stream of income is generated. The value of the fund fluctuates in accordance with the investment valuation.

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THE RED ROSE CHARITABLE TRUST ACCOUNTS FOR THE YEAR ENDED 31 MAY 2025 NOTES TO THE ACCOUNTS

Valuation of Investments

Investments held in the fund are included at their market value as follows:

Income’

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably and it is probable that income will be received.

Grants and donations are only included in the SoFA when the charity has an unconditional entitlement to the resource.

Income from tax reclaims is included in the SoFA at the same time as the receipt to which they relate. Investment income is recorded net and includes tax deducted only when it is repayable.

Expenditure

Expenditure is recognised when paid or when there is a legal or constructive obligation for which it is likely than not that a transfer of economic benefit will be required in settlement and the amount can be reliably measured as at the reporting date. A constructive obligation exists where the charity has communicated the commitment to provide funding to the recipient by the reporting date and there are no conditions attached to its payment falling due after the reporting date.

Grants are recognised when the Trustees have made a commitment to the grantee. Where conditions have been imposed on the recipient, grants are recognised during the financial period the grantee has met the conditions.

Provisions for liabilities must be recognised when either the timing or the amount of future expenditure required to settle the obligation is uncertain. These are distinguished separately on the balance sheet. If a transfer of resources is no longer required, provisions are reversed and charged to the SoFA. Amounts included within governance costs are those incurred in relation to the general running of the Charity and support it requires. They are not related to the direct management function. These costs are attributable to both the capital and the income of the fund and are split in accordance with how the expense incurred. They include accountancy and legal fees and the costs of trustee meetings.

Other recognised Gains and Losses Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost and are charged or credited to the Statement Of Financial Activities in the year of disposal.

Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities resulting from revaluing investments to market value at the Balance Sheet date.

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THE RED ROSE CHARITABLE TRUST ACCOUNTS FOR THE YEAR ENDED 31 MAY 2025 NOTES TO THE ACCOUNTS

Support Costs and Employee Benefits The Charity has no employees. All support costs are paid from Unrestricted Funds.

Taxation

The charity is not liable to income or capital gains tax on its charitable activities. Irrecoverable VAT is included in the asset cost or the expense to which it relates.

Cash and cash equivalents

Cash at bank and in hand is held to meet short-term cash commitments as they fall due rather than for investment purposes. Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial Instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at present value of the future receipts discounted at a market rate of interest. Financial assets classed as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Cancellation of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

2 Critical accounting estimates and judgements

In the application of the charity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

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THE RED ROSE CHARITABLE TRUST ACCOUNTS FOR THE YEAR ENDED 31 MAY 2025 NOTES TO THE ACCOUNTS

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The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Gifts and Donations

2025 2024
£ £
25 3)
25 0

*The donation received during the year was restricted and may not be applied for the purposes of paying general expenses. It was donated during the financial period.

4 Investment income 2025 2024
£ £
UK Dividends 15,252 15,917
Unit Trust Income 3,960 4879
Unit Trust Interest 1,020 2,606
UK Fixed interest 8,134 6,228
Other Income 1,287 957
Foreign Income 10,993 9,384
Foreign Interest 2,419 719
Excess Reportable Income 1,014 6)
Foreign withholding tax (762) (476)
Accrued Income (409) (1,556)
42,908 38,658
5 Other Income 2025 2024
£ £
Bank Interest 808 744
——_____ 8, ae 2)
6 Raising funds 2025 2024
£ £
Investment Management costs 10,417 10,067
10,417 10,067

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THE RED ROSE CHARITABLE TRUST ACCOUNTS FOR THE YEAR ENDED 31 MAY 2025 NOTES TO THE ACCOUNTS

7 Charitable Activities 2025 2024
Grantmaking: to Institutions £ £
Age UK (Wirral) 2,000 1,000
All Together Now 0 500
Alzheimer's Society 2,000 7,000
Blesma 500 a)
Bluecoat 0 500
Bradbury Fields 1,000 2,000
Brainwave 1,000 1,000
Buddy's for Children with Autism 0 500
Children's Adventure Farm 0 1,000
Children Today 500 (6)
Claire House Children's Hospice 1,000 2,000
Clwyd Special Riding Centre 500 0
Combat Stress 500 0
Dale Farm Association 2,000 (0)
Down SyndromeAssociation 2,000 7,000
Ewing Foundation 0 7,000
International Spinal Research 1,000 2,000
Lake District Calvert Trust 1,000 2,000
Leprosy Mission, The 2,000 7,000
Macmillan Cancer Support 4,000 1,000
Maggie's (Wirral) 0 1,000
Make-a-Wish Foundation 2,000 1,000
Mango Tree 1,000 7,000
Marie Curie CancerCare 2,000 1,000
MENCAP 2,000 1,000
Motor Neurone Disease Association 2,000 7,000
MS National Therapy Centres 0 1,000
Multiple Sclerosis Society 1,000 0
Neuro Therapy Centre 1,000 0
New Life 0 1,000
North WestAirAmbulance 0 2,000
North West Cancer Research 1,000 2,000
Pain Relief Foundation 500 4)
RAF Benevolent Fund 0 1,000
Rainbow Hub 0 7,000
Royal Hospital for Neuro-disability 1,000 2,000
SENSE NW 1,000 71,000
Strongbones Children's Charitable Trust 500 0
Tom's Trust 0 1,000
Versus Arthritis 2,000 7,000
Walton Lea Partnership 0 500
Woodlands Hospice 1,000 0
Total Grants 36,000 34,000
Unpresentedcheque-Alzheimer'sTrust (1,000) 0

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THE RED ROSE CHARITABLE TRUST ACCOUNTS FOR THE YEAR ENDED 31 MAY 2025 NOTES TO THE ACCOUNTS

7 Charitable Activities - Continued 2025 2024
£ £
Net Grants 35,000 34,000
Governance costs (note 8) 7,368 6,180
Support and administration costs (note 9) 2,593 2,862
Sundry office 20 58
44,981 46,100
8 Governance costs
Accountancy and compliance fee 3,480 3,480
Independent Examination fees 1,008 900
Legal fees 2,880 1,800
7,368 6,180

9 Details of Certain Expenditure

Julian Rathbone, Trustee, is an employee of Rathbones Investment Management (RIM). The investment management is undertaken by RIM at their standard terms as offered to other charities. The Trustees are in no way obliged to retain RIM as investment managers but do so on the so on the basis that the terms and performance have been satisfactory when compared to to alternative providers of investment management. The matter is monitored and kept under review to ensure that the charity receives appropriate and cost effective investment management services. Payments to RIM are detailed in Note 6.

Jane Fagan, Trustee, is an employee of Brabners LLP. Brabners charge legal fees for services provided during each year. Payments to Brabners LLP are detailed in Note 8.

Support Costs

The Trustees resolved to exercise the power under clause 10 of the original settlement deed dated 18 May 1994 (the deed) to pay Nigel Packer, Trustee, for administration services provided. The costs incurred include general office costs repaid for out of pocket expenses, as follows:

2025 2024
£ £
Trust Administration fees 2,593 2,862
Expenses reclaimed 20 58
2,613 2,920

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THE RED ROSE CHARITABLE TRUST

ACCOUNTS FOR THE YEAR ENDED 31 MAY 2025 NOTES TO THE ACCOUNTS

10 Investments
Value at Purchases Sales Realised Unrealised Value at
01/06/24 at cost proceeds Gaini(Loss) Gain/(Loss) 31/05/25
2 a & £ £ £
Quoted:
UK Investment Bonds 235,280 47,823 (36,803) 1,048 (1,999) 245,349
Overseas 628,057 235,962 (174,298) (5,996) 2,398 686,123
UK Equities 511,148 16,158 (101,580) 2,414 (13,016) 415,124
REIT& Property Funds 22,462 0 0 0 (330) 22,132
Commodities 46,319 2,218 (11,224) 535 11,709 49,557
1,443,266 302,161 (323,905) (1,999) (1,238) 1,418,285
11 Debtors 2025 2024
£ £
Investment income receivable 3,342 2,770
3,342 2,770
12 Cash at bank and in hand 2025 2024
£ £
Cash at bank 38,666 29,653
38,666 29,653
13 Creditors: amounts falling due within one year 2025 2024
£ £
Accountancy fees 3,480 3,480
Independent Examination fees 1,008 900
Accountancy fees - prior year 3,480 3,460
Independent Examination fees - prior years 900 1,530
8,868 9,370

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THE RED ROSE CHARITABLE TRUST ACCOUNTS FOR THE YEAR ENDED 31 MAY 2025 NOTES TO THE ACCOUNTS

14 Financial Instruments 2025 2024
£ £
Carrying amount offinancial assets
Debt instruments receivable within one year
- Debtor 3,342 2,770
- Cash 38,666 29,653
42,008 32,423
Carrying amount of financial liabilities
Payable within one year ———
- Creditors 8,868 9,370
Instruments measured at fair value through SOFA
Investments at value 1,418,285 1,443,266
15 Movements between funds
Balance at Gains / Transfer Balance at
01/06/24 Income Expenditure (Losses) of funds 31/05/24
£ £ £ £ £ £
Expendable Endowments
Investments 1,466,319 (409) (10,417) (3,237) (4,265) 1,447,991
Unrestricted funds:
General funds 0 44,125 (44,956) 0 4,265 3,434
Totalfunds 1,466,319 43,716 (55,373) (3,237) O 1,451,425

15 Movements between funds

16 Related Party Transactions

The Trustees have considered personal or other interests in which as a result of a decision made where an individual may benefit financially or otherwise, either directly or indirectly. In order to comply with their duties, the Trustees confirm the person affected does not take part in any discussion relating to the issue concerned other than to clarify facts.

No related party transactions require disclosure in respect of this or the previous financial year, other than as detailed in Note 9.

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THE RED ROSE CHARITABLE TRUST ACCOUNTS FOR THE YEAR ENDED 31 MAY 2025 NOTES TO THE ACCOUNTS

17 Comparative Statement of Financial Activities Expendable Unrestricted
Endowment Income Total
Funds Funds Funds
2024 2024 2024
£ £ £
Income from:
Investments (1,556) 40,214 38,658
Other Income 0 744 744
Total Income (1,556) 40,958 39,402
Expenditure on:
Raising funds 10,067 0 10,067
Charitable activities 0 46,100 46,100
Total Expenditure 10,067 46,100 56,167
Net gains/(losses) of investments 104,668 0 104,668
Net Income/(Expenditure) 93,045 (5,142) 87,904
Transfers between funds (5,142) 5,142 0
Net movement in Funds 87,903 0 87,904
Reconciliation of funds:
Total Funds as at 1 June 2023 1,378,415 O 1,378,415
TotalFundsasat31May2024 1,466,319 0 1,466,319

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