REGISTERED COMPANY NUMBER: 033902181EnglaTrd and Wales) REGISTERED CHARITY NUMBER: IU64723 Report of the Trustees And Unaudlted Flnanclal S¢a¢ement8 for the Year Endcd Joth Junt 21124 for The R03tmAry Foundatlon Llmlied
The Rosemiry Follndatlon Llmltrd Content5 of the Flnamclal Sl4tementg for Ihe Year Ended 30tb June 2024 Pa¥e Report ofibe Trustees IDdependent Ey#mlnerli Report SIAtemtnt of Fln#nelAI Actlvltle$ 10 B4lance Sheet 11 w 12 CA8h Flow Statement 13 Notes to rhe CAsh Flow StAlemeni 14 Notes to the FlnanelAI Staiements 15 to 22 Detall¢d St*tement of nnADelal Actlvltle5 23 io 25
7.he Rosemary Foundation Limlted Repjrt of tth¢ Trustees for ih¢ Year Ended 30th Junt 2024 The Irusiee¥ who (ire also di(10r5 of the charity for the purpose5 of Ihe Cornwnies ALI 20(J6, present Iheir rcport with ihe finoncial srAicmenis ol. Ihe charity for th¢ ycar ended 30ih Junc ?0?4. 1'he rnjstees Iiavc adoi)ied Ihe provisions of Accounting Reportin¥ by Charilie&'. Sialem¢nl vf Reconunended Pra¢iice 4ppIiLiible IL) chwiiies prL.p¥rlti their a¢coun15 in ac¢orddn¢c with the Financial Reporting Siandord applicable in Ihe UK lind Republic of Ireland IFRS 102) {effectiv¢ I January 2019). 0CTIVF AND ACTIVITIES Obj¢ctlve$ •nd A¢dvltles Ho$pl¢f at Home Servlce The Rosetnary Foundatioii Hospi¢¢ ot Home is a re¥istered chariry, fL)llnded in 1997. which providcs carc for individusls Over Ilie abje of l A, who hav¢ a lif¢-ItinitlOg Lon(iiiivn dnd ¥uppurl for their Larejs - iii IheiT Iitsiiie as life draw5 lo a close. This care is free of eh¥rgt and provided 2417, 365 day.4 r)f the year. The seThiee 18 available for pc()ple living in E¥sl HaTnpshire End covers on ar¢a in excess ol. scvcn hundred square miles with a populaiion ol. approximately 120,000. The ROseary foundation 15 special aiid uiie of only a hIdj1 of sllliidalon¢ chariii¢s in tiic UK io pruvide nurs led hotspic¢ cor¢ ai hom¢. Sio¢¢ inL¢ption to tlie year Lnd Juiii 2024, Thc Ro&cmary fuundu¢ion has cared for 3,900 Patients and given support io Ihcir families, Tlie RL)tsemaiy foundaiion is fully Irom grfin15, donhriuns llnd le¥tscies. approximately 44/0 of 31ntylory nli)g. We coniinue 10 hold our CQC 'Out4tanding' award (Novciiiber 20191 for whicli we re ri81)tly proud. SlgDlllcaTrt acllvlllts DuriTi8 the perio(l July 2023 tn Jun¢ 20?4, Ihc Founduiion h8.$ curcd Irir 285 paiieiirs, a .51iglii increase on Ihe previous year. We have ai times durink Ilie year hud iu r¢ilucc uur Las¢load due 10 nuise shorto¥e%, &nd 10 maintain oui. level ol'care. Thr Llinical sluff are findin8 Iliul cuses Lonlinuc Irj be Inore ¢omplex.' paiieiiis muy havL noi oiily Icrminal condiliony sucli a.s caJ)c¢r (Slill predominarii ai 69 /0 Trf puti¥nlS), bul IIILY m&y ulgo be sulTerIn froTYi, for exarriple, Muior Neurone T)iseth%L', d¥inen¢ia or A17h¢imer's dis¢a&c. Lariii¥ bc fiirilier LurnpliLaicd wlien IhL' Ptslienr's pllrtnct miy also b¢ suffering froin rhc Our Palici)l> mL)sily liv¢ in Pct¢r5field or 10 the North during Ilie year èbD/o camc from ihese areas and 32Ph frorn souih of Peier$fiel(l. and fi.om Ihc West. We werc p911icularly plcoscd to aibilve the prefcrred place of de8111 in 87Yo vf LILICS. In cuses wliere wr Could noi ucliieve Lhi%, il was preilominunily beLou8e ihi paiieni's ci)ndiiions preLluilcd care oi lionie. Bereoved Irlatives Gild CAltr8 lilve tonliniitd 10 benetii frttm l. I counsellinB %iippon Ilimii8hniii tlie year artd tliroiigh lliiendanL¢ ui our b¢r¢Jvemeni suppoii gi'oup on a monthly basis. M#na¥emcnl T¢am The Twslees Are responsible fof Ihe overall Bovemance of the Ilospicl. Tv acliieve Ihis tliey had oppointcd a senior nianogenienr leani coiisisiiiig of Ilic RegT5tCTcd Nur8c Mona8ei', CliniLal Niirse Ni lanager dnd Ihe Opcraiions Maiili ¥cr. Willi Ihe resibinaiiun in May uf Cldire Dutm, Clinilal Matraki¥r, Il)e ApTLI board rneelinLT SJW a vole (Il th41& lo ClJir¥ fur ber lon servic¢ and siipi)ort for the charity. The chang¢ also saw the senior mllnageni¢rii t¢um rediiced to two member5, the Regist¢rcd Manb¥Lr an(1 Opiraiions ManobTer, while a new Clinical Nur Moiio&>¢r was appoin(¢d io support thL' sellior tnanabpetntrnt iedm. Nur51ng Sta Our biggcst ¢liull¢n¥¢ was r¢¢ruiiinenl of new nurses to replace ih05e who htsve recently re15red or Icft thc Foundatiun in rl)c ycar. Willi Ilie parideniic aiid Rrcxii Lanie an cxodus ot nui3ts ndiionally nd subsequcntly Lhe Foundalion Could not rcplace nurses as 1¢ would wish. Ill Ihe lasi liuancial year, from July ?013 10 Jutie ?024, we lilld a Inaximll of ? I nurs¢s. wbicb in Iliai period ¢nabled our s¢rvi¥es ru bL ststisf#ctorily d¥livcrLd. Willi InLr¥dsed NIIS prc55ures, and in order to nieel <lemai)d. we hi2V¢ IIOW siJce¢s.%fftlly tc¢ruircd tnoiigli iiuts¢s 10 b¢ coi)fidciit (hat ivc cali deliver lo our fi]11 capaciry. Tht Registered and Clinical Nui's¢. Malla¥crs are iot)slanily looking at ways lo achieve this in ordd. to maintain the lon&'.ienn stability of Ihe Foundqiion. Pag¢ I
The Rosemary Foundatio Llmlted Report of the Trusttes ror the Year Ended 30th June 2024 OBJECTIVES AND ACTTVITIES Adniinistrgtive Seaff The OpeTalions Manager. employed on & Part tiTne bos]5 Tespon$ible for ihe day to day financial and office man8gement of its¢ Charity a8 WCII as prtrnise5 and tenanl managemenl of our lop floor offjcc space. An OperAtions AsSist j3 al30 employcd on a pari tiyne bdSi5 as pari of th¥ adrnin l¢am. To work alon8sid¢ ow FundrdisinK Mana8er we have a part lime fundraising assisiani who contiii)ute8 ro the community side of fundrai$in8. Volunteers As a eharity our volunteers play a significant Ile iTi our orgttnization and continue io support the FoundAiion, month in mollth out workin6r un finance. admiiiistration, commwiity bjndraising 8nd volunie¢r visiior calls, Yilal to the smooth nJJminb of the charity. Tlie hours given by IlieJn tsver the year is in excess of 4000 which gives o SAvin8 lo th¢ ¢hartty of jusi over £43,0(10 based on the livin8 wage. This does not include our community fvndraiscrs who pmvide the core of our income. Without OUT voluntecrs 8nd oiher community fvndraisers ihe Trnslecs hav¢ rso doubt diat the provision of our hospice.at-home service would quickly beeomc unaffordable And ¢ould survive withoui Ihein. W¢ register our CQD$iderable atitUde lo them for all Ihar they do. Publ1¢ b¢iiÈflt In $etlinx i1& plons and prioriti¢s for 4Teas of work, the Truskes of The Rosemary Found8tion have had re8llrd to the guidance of th¢ Chariry Commis8ion on public b¢nefii and confirm Ihey have ¢omplied with section 17 of the Lliaritics Act 2011. A principle of eqiiiry o1.g¢¢ess to Ilie Lhoriry's service8 is upheld 10 any mernber of rhe public who n¢¢ds them irrespective or ca¢11Y, cihnicityl faith or %tsciol etonumic aciiviiy. ACHIEVEf*fENT AND PERFORMANCE In¢ome Generotlon 96% ol- tli¢ Chority's incomc is raised collectively Ilirough individual donations, cunirniinity ndraiSin¥ cvcii15, Charitable Trus15. fouiidatioiis an(1 leil¢1e%. of tliis inLon?e is guarnnleeLi. The Foundalion 4150 LnLL'rs inio NHS shurl lerni individual patieni agrc¢menib' an Lffort by (he NHS lo relieve si)me of Ihe prL'ssurcs of paiienl care by fdst rriicking hospiial patieiirs fruNI hoypilal bcd% intn care in IheiT own homc. 'fh¢se individual paiieni 08reeimeiir$ contribute opproxiniotely 4Q/• rtrf our income in the year. All of ouy fvndruising Loiitinucs la b¢ dirccted lo the dclivery of. our care services and support. Given eontinuing publicity over uuKrc55ivc chttrily fliiidroisiiiu, Ihe Chority confirms Iliai it will ioniiniie its pulicy of not diretlin8 SPeLilIL ro(iuesis for dDnatir)l)S 1¢) individuals. nor will it shar¢ d4ts with any cxt¢rriGI panies. The Chirily dL)e6 llL)t us¢ ¢xiemal fundraisin ageiici¢$ and subs¢ril)es to Ili¢ Fundroisin¥ Code of Pructice. Page 2
The R•$emary Foundatlon Llrnlted Report tsf the Tru$tees for the Year Ended 311th 2024 FINANCIAL REVIEW Ovtrvlew It was 4 challenging year for The Rosemary Foundation wi¢h a reported deficit in the accounts. There were 8 few faeiors whi¢h contributrd io ibis. A drop in leuicy income. no major charity evellts organized by priva1¢ individuals. and a drop ij general donaiions from the community. We aim to manage the deficii by focusin8 on incom¢ g¢neration, with 8 d¢dicai¢d ndraising iellm th ¢xploT¢ all income Strcams, workin8 to ¢ont&in expenditure ns lar 45 is PO&8sbl¢. Combined with ts robust ranCIal Strate re8ular reportin Lo Trustees and senior tnaDa8emeni. Whilst we would like to balamce the books. with our varitsble income strewns it ¢an be very hard io Predict income forihe year. Equally we do not plan to surpluses as in organi2ation, bul they are u8¢ful in Smoothing our variable ille4)rne 8tTen8 which ar¢ neeessarily liant on voluntory donaiions, Trusts and legacies and as a result ¢lln Vory significalltly year OD y¢ar. as seen in this fInCial year. On the expendiNr¢ side we hove impltmen¢¢d a new IT proj¢ct lo digithlise our clinical r¢cord$. implemented wa8¢ rises and h&d io cotend with 8¢neral cost rises on Tn4ny level Th¢ priorbty remains of mAintAining xrvice PTOViSiOn ond w¢ coniinue Btrate¥y ofconsidetalion D( pot¢lltial duwllside earLOS (See Expcnditure $e¢tionl and the possible nced to draw down on re5erve$. The FoUndlOn remthins in Fl stron8 PO$ltion as we opproach th¢ ¢omirtg yexr the economie un¢¢nointy. but we ¢ontinue to rcly on our committ¢d and loyal donors for 8upport os demand for¢4re it home remains hi8h. Income in the yeLT 2023-2024 an over811 drop of just over £200.OCrf) on 2022.2023 levels. We saw a decline in General donations of IOQh, a signific&nl dTOP in sucecsseul TTUSt Bnd FoundAtion appliialions as they dir¢¢t thcir fidIng to. in thcir words, mor¢ needy causes. Funds r416ed by our $upporter5 were £452.OLKI. L¢8acies, as 8 60ur¢c of income are exiremcly unpredi¢thble 48 Con be s¢en from th¢ ¥ruph showing (he lust nine years of le¥J¢y donations and this y¢Ar, we sow a fvrther drop. Lega¢les (In Thousands) ?IJxK)u 4CIXOO 3(1XO 2CKMXIO i(tM))O 2016 2017 2018 1019 2020 2021 2022 2023 2024 Pa8e 4
The Charity will continu¢ to explore ways to raise 4wareues3 of l¢84cy giving and with this in milld the Foundation has subscribed to the H05pice UK Le8aey initiativ¢ due to be launched in the Aufvmn of 2024. Although a sensitive subject. legaty 8iving ha5 the poiential to be our largest source of income. We rely on ihe ineome from our reserves to support through ehallenging yeaT6. As well a5 Brants, le84cies and donaiion8, our key areas of 5UPPOrt, we also use the income from our reserves to support our wnnin¥ eosts and Ihc salarics of our nurse4 oIoDg with ren141 tDcome from our office$ in th¢ buildiog which colliribute to 95% of our allnual lease ¢O$L W¢ remiin reliant on the 8UPPOrt of our community. Charitable TN8ts And Foundations 10 ty and esrablish an annu41 bre8keven. Exp¢Ddlthro The Rosem•ry Foundailon Llmltod Expendilmre increased by jwl OVCT £60,000 compared with 2022-2023. The 14rgesi sin8le exp¢nse w¢re s&laTies. adhere to the NHS ¢nnu41 pay ri8e awards wilh 5alari¢s risin8 yeAT on year. For the coming y¢ur 202412025 we will Award pay in¢rease of 5.JQ/• ill line with rhr NHS aw4rd alld iog¢ther with an increue ill rtursc numbers from 21 on roll in 2023 to 24 in 2024, will have quite an impa¢l on 5al*ry cost¥. In the cThent reporting p¢ftod salaries repr¢sent 80% of our annugl ¢08ts. Wages 641684 557560 594751 516732 SI0 429805 4Lf(I 8es It(0 2020 2021 2022 2023 2024 Our non-charirable costs incre4sed in ?073-?0?4. up 20V/• on the previous yeAr, Ihis r¢fleeTS the IT co8ls of a new clinical system and higher illsurwce prnIuM5. Through coreful bud8eling and monituriDg thv focus continues lo be reducing #ny unnecessary costs to Sustsin our ¢haritsLble scrvice. Kty Rtskl The Charity conrinues to mana8¢ through scenario plllnninB our k¢y risk$ (o POlenii£l s¢nsitiVilies Ihat we may face. Iusk Drop of incrpmc from llll sources Running A deficit Extrw nurse recrnilment requirem¢nt Inereaje in overtime due to higher caseload Mltli•tlo Cash reserves hcld Strategic Plan objeLtives Gov¢mmenrlLA Support Inve$tmentsiRcserves policy Accurate financial moniiorinwReportin& Pa8¢ 4
The Rosemary FoundatloA Umlted Ileporl of the Tru5tee5 for the Yegr Ended 30th June 2024 FJNANCIAI., REVIEW Investment polley and obJettfve5 Our inveslmeni portfolio is held under the management of Charle5 Sianley. and this review covers rhe twelve-monih period from Is¢July ?Q?3 to 30th Jun¢ ?0?4. The M]5tees' pi'iinAry invcstmcnl r¢spoi)sibiliry is io cnsur¥ ihut our reserves are prL¢i1Y invesied in order t¢ proviile sthine income aDd also to dct as a eushiou should aiu)ual expcndillwe ¢xceed annual in¢otn¢. Th¢ (Thisice% &150 reco8niz¢ Ilie iTni)ortancc of Envil'oiimenthl, Social ynd (iovernanee facrois in inv¢stineni policy. As most of our illvesitn¢DI POL'ifolio is held by way of nianA¥ed ¢quily and bond funds, Ive hÈlVe eortducied with our uivcsimeni manager a look-lhroiigh rcview of all individual funds io establish thot we liave no dircct invcstmeni$ in non.complianl ESG seciors such as tobdc£o stocks. Our invesimcnl has 8 8ood awgreness of our ESG rrquircmtnls and iii particular our policy iu avoid prohibited sectoi's such a5 lubaeeo expusuT¢. We arc coniinuinL 10 evolve our ESG practices wilh the objective of cTisiJriiig Ihai th¢ investmenr ptsrtlolio cxhibit.$ 110 ITlllterial ESG noii-compliante And 1$ focussed on funds iliai havL' o Lleur Esti vrienl4Lliun luwurds ¢iliic¢tl and SUS141inoble invesimeni, r)uring th¥ r¢piiNin% period, Inark¢i$ wcre generally stroiiger ilian Ili¢ previuus y¢Jr Und il)e Invesimenl Portfvliv inere4s¢ in value by 9.60/0 ond sluod a( £1.87?.000 ai 30111 Junl. 2024. While Illi$ posiliv¢ T¢ivrn is i(InsideTed saii8fa¢iory it was noi¢d thai ili¢ p¢rfLTrrn)ance was below thc r¢l¢vanl MSCI Priv41¢ Inwe51meni In¢omL Indcx which is our s¢leci¥d benLliina¥k ind¢x lor In¢abiiring perforTiiance on o L¢)mpuTaiivc basis. We Iiave regulor discussions with our li1v(nIcn¢ manoser Tc¥JILliri¥ uvci'ull i)erlvtinaiice aiid h&iV¢ beeii Pleiiscil i(Tr ol).%etve ielurns Al)owc IhL benthm•i'k iiidex durin¥ ihe los1 IWO qUar[L ofihe fingnL'ial year, The poi.rfolio 1$ in the Mediumliow risk L4It¥LYy aiifl 1.% bri)odly split iK'lwi'cn vai'ious o&%cl clll$scs. Over th¢ y¢llr. Ihe maiiogLI's inLreosed IhL xlloLAlion iri fixLd InLoine (0 28.1 proportiunalely deLr¢ascd Iiuldin¥s iii IJK and IiiteiiiationAI Equiiies, Alienii11ives aiid Mixed Invcstryieiiis. (. urrenily, tl)c Ojiid lTras 2.67'/) held in ctt511. 'fiic exposure in tlie varioiis culebv{)ries relle¢is thai of our bcnchmork. Trustees are brolidly conicnt with the monaKeni¢nt of Ili¢ ponlolii), Jlthough Iliey will coniinuc i(b engage with the pc>rilolio's mantuiers uv¢r Ilic (IcsirL 10 includL invcsiinLnlS thoi slron¥ ESG Ll¢m6nl, while remoiniJi¥ cnnsoiiuni wilh ihe Iruslcc%' diiiy Io saf¢gkiard Ili¥ Foundaiitsns fuiid8. Diiriiig ihe CDurM¢ ol. Ihe yelll. the charity hus reccived dividend incom¢ uf around £60.000. Tl)¢ Iru.sices rLIQ 81'oicfiIl 10 tlie investment Iiirynug¢TS IOT ihLir conLinuin¥ mona¥einent tsf ihe ch.ii'ity's invcslinLiil i)oNfolio. Res¢rY$ poll¢y We hold g¢nei•l fiinds ofjusi over £400.000 in eiirreiil 2e¢()unis IOT diiy 10 day ninning cobis, nnd IhL Board has sci policy Ihal Ih¢'5¢' aL¢ounl$ should be maintained ai a Ininimum of 3 x monthly averagie ¢xpeJidiiuic. If balances fall below this miniinurn tli¢ Lhair of Trubt¢CS SS iilerted, and should it fall bclow 2 x monthly 4vLra¥¢ exp¢ndinJre there will be a wi¢lidraw81 from Ihe investnienis 10 restnre the b4EJik balanccb. Iii additiuii to (11¢ cui'rent accouiits, we Iiold unreslricied iiivc5tments vf £1.500.000 Ikiivwii as ihe desigDi11ed fijiidl in a portlolio with Chai'lcs SiJiiley. Tliese funds aTe d¢si¥natcd ro 8tiierdrc. ifneLd b¥. an iiicom¢ to fuiid tlie core of oui scrvice. Ilie mui'ses. salaries, to maintain the conlinu¢d much n¢¢d¢d provision of nursillbw carc lo thL' coinmunity,. it is tljerelore the iii(eiiiiL>n of Ilie Trusiceb Iv miiinluin lh¢ eapir#l value as %ULh f()r Ihis purpose. li sliould be noicd Ihoi £1,511a,DOU r¢presenis less than two ye£its iunning costs. Added to Lhc L1,500,000 pt)I'ifolio ale rL%lricicd rcserves ol. a fjJrtli¢r £412,UOO LnilS118 of £9?.000 for a Iialliinb hur5ary of whi¢h we di'Jw £4,OQO per year. and £3?0,000 fur annual payminl vf Ihe Regisl¢rcd Manugerfs slllllry of whi¢li we draw £42,Iion per year. The Iieed 10 apply lor granl and Injsf funding is never grellr lls iogeLhLr with cwmnut)Iiy dollatign¥ tliis repre%eni¥ Ili¢ bread biitter ofoiir thiidiiig, keeping tlie niir.se% nn the road. Page 5
The Rosemary Follndatlon Llmlted Report ofthe Tru$tee5 ror the Year Ended Joth June 2024 FUTURE PI,ANS In 2024-2025 our siraiegi¢ plan was agreed by tlie Trustees. This outliiies our broad 6irdlcgi¢ approach and winciple aims over the next five Ye4$ With tocus #reas of Setvice Delivcry, PTeSenK Repuialion oiid Inclusion, Siistainobility and Govej'nance. Serviee d¢livery will see a major 5tcp forword with the impl¢mcniation of a new eltttronic clinical Tecord sy51em which is due foi IAwich in Sep¢eJllber 20?4. Tbib offer5 1 inter conn¢cliviry and daia shltiiog with othcr local surgBri¢s and m¢di¢al practices. This use of technglogy will reduce rhe burden of lime the nurses swnd in a¢liviLi¢s not diT¢cily associated with their prirnory focus of caring for paiicn13 onil deliv¢rin8 better outcomes for their farnilics and carers. We aini io continu¢ to einploy liigh quality clinical 5tsff, follow a clear indtLCtion process and maintain safe sifjrrin8 levels wirh a coniinutd ASPiTolion io rn4inilli The first-class 5erviee. Uiidcr Pr¢¥ence, Reputation, ond Inclusion, Ive aim io etnbrace ai)d support pjiients, carers, our staff ond gruups in th¢ con)niunity, &hai'ing intorTtiaiion al)out rlie service thut wo provide. Th¢ fir%t ¢l&&s seTVi¢¢ w¢ aim tts deliver will mainr4in our excellcnl repijl81ian. which ui IiLm should fvslei. lo¢al reeognitioii and suppoi'l. Sus£&in4bility oims will ¢ncornposs a Tange of Qreas ineludin¥ $iuff wellness, Green polieies, ensure capthbl¢ bioffi#¥ levels arL mainiaincd in both Lliniial and adininisiraiion, ineludinE the use of voluntary stal'l. wherc Icasible. fundraising llnd kcep¢n8 within financiol bLid8ets. UCC¢SStiJl (iovetnancc aims will Lnsurc thc Foundlltiotj is ¢oinpli8111 with regulaioiy siandllrds and ittwiages risk, en.iuriog sy.Itcm8 are iii ploee lo support our 8ovcrii¥nce frdlTiewvrk io rnaintain a sftfc, eff¢L'live service. 'I'he requircineni lo eiisure sound subeesbiun plannin¥, IhL' incr¢asinyly ¢umplical¢d ¢ui¢s we ar¢ cJlled on l(? dcal willi and our iiim lo proviilc Ihe higli-qllilliiy terms oiid condi11011s lor our clinicAI work foi¢c, havc nccessarily led io a higlicr fixed co¥1 bllse. In luim, Il)¢bC incrcused cosis higliliglil tlie need io establish a reliable income to lund thcrn. The u5¢ of advi¥nry rundr2ising serviLes Iliid movement vl. oiir invc51mcnt portfolio 10 CharlLs Sianl¢y tsr¢ measures Ihc Truslccs iniLrid tu help Acliieve this. ruttire annuol fixed Losls lalmosi cntii'ely .%alariesl are forecast to bc in excess of £720,000, following Il)c 5.syo 2024 NH.% pay rise whicli lias betn agrecd. Ilo wliicli Tlie Roscinary Foiindalion lldl)cresl. In addition li was agr¢¢d lo In¢rcasc Ihc empl¢)yer pensiuii coiili'ibuiiori lu tsui. sl2fl' IroiTI 3Yo lo 7•/. froiTI Isl July ?0?4. Th¢ sir(IIL'UiL plilli 4ims lu ensur¥ SlruieuiL'5 are piii in plaLe to rnuximis¢ inGurni' whi¢li iiiclude promoiiun of our TRF frieiid¥, a l¢ga¢y campaign lo b¢ laiinihed in ihe Iurnmi? 01. 2024 And on ineiease in torpoi'att 5ponsttrsliip. The Trusiees h2v¢ previously ¢xpr¢s¥¢d a wish lo build up ¢he designuied fund to a ptsini wlieie port of this Cosi ¢An be Teliubly met fvoni invesinicni in¢ome. The iiiitikl iar8et Was settin8 Q8idc ali &nDiial suin froin a rcstricied ii)ve.%trncnt 10 Ineei Ilie Rcb7151Ercd ManabTcL 5 saIy, (LIL-ca £4?,0001. Tliis l)as beeii Inei in the last hvo fiiiaiicial years, 2023 ai)d 2024. In addition ll lurgel lo use restricted fiJnd¥ for anrLLilll training bur¥4ry of £4,000 has beeii mei in the last tliree financial yedi%. 2U2? 10?] alld 2024. Tlie TTU5t¢es ore rnindfijl ol'conlilluing changes in Ihe NHS, and chon¥cs iii thc w4y in which sp¢¢ialist pjllilllive Cre will be eliv¢red. Tl)c Irusiee5 remain Vigil]1 iii nioiiiloriftb how rh¢se chaiJLres may impa¢t on the Foiiiidtilion boili clini¢&lly dnd adniinistraiiv¢ly will respond uppropriuiely. li is anticipated thai d¢velopment.s ore likely to lead io a continuin¥ iliCTeuse in demand for Ihe Foundation's setVlCCS. Increasing life expe¢taiicy und medicinal advances in tlie management of pr¢viou$ly 'life-limiting' diagnuscs will present more Lomplcx clinical clialleriges to Ihe nu15ing servilc; tliis will be kepl under rcview so thai Ihc Foundaiion has the resource$ 10 ¢oriiinutt 10 provid¢ the firsl clas5 care Deeded iu the commllni(y. STRUCTURE GOVERNANCF. AND MANAGEf¥iENT Ciovernln¥ dotunient The tliariry 1% ¢onrroll¢d by it4 governing dociiment, 2 deed of rrusi. lliid constitutes ll limited company, liniited by ouaranrce. as detined by Ihe Compallic.s Act 2006. Pa¥r 6
The Rosemary Follndxtlon Llmlted Report of tlle TrustCC5 for rhe Year Ended 30th June 2024 S"I'RUCTURF,. GOVEIINANCE AND MANAGE.MENT Re¢Yultment and appolntmcnt vf new tru5tcc$ Our policy for the appointment of Iruste¢5 15 presented wiihin Ihe ch4Lrity's Memorandum and Articles of A550Clation. poinr 5. The i)umber of Ttusiees shall be al leasr 5 and shall not ext¢¢d I l. New Trust¢es will be appointed by majority vole following nominalioii by 2 exi$rin8 Tnjsiees accaiding io ihe needs of ihe chlltiry. N¢w I tusiees will receive an individual indu¢LioD aDd musi under$iand that they acl only in th¢ ¢boi"ily's inierrst. fru5tees will be appoinied for a t¢Tm of 4 yegr5. An elecied Trustee will take office on ihe date the appointm¢nt is confirmcd in Writing. Hi5 or h¢r Icm of office will end Èt midni8h( on Ihe fourth &nniversory of Ihc APP(>inlrncnt. A Tru51ee may serve a furth¥r leTrn of officc ai ihe invitIon of Ihc Chairman. Iii conjuiicliuTI Wlth the Anicles of Associdtion rnenlioned the Bourd's Temis of ReferLnce doLuniLnl ¢18rifies Ilie roles and responsibiliti¢& of bo8rd members ulld sets out membership ternis in relaliLbn lo reLruilrn¢nt, leiigth of s¢rvic¢ and re.eleLtion rules. All iwstces clre 8ivcii an areu of rcspon8ibiliry ton)nieiisuraie with their ¢xperience. D¢¢i51on m4kini r)eeision making is (akcn ai boarij Incclings these took plac¢ on four occasions in 2023. 2024. Trusiees dele8ate day.-aY rnaria¥¢meni 10 the Senior Mana8cm¢ni Tcam. Our Ilianks for ¢li¢ir long scrvicc go to rwo board m¢mb¢rs wli() rL'signed in 2024. S'ir Jereniy De Halpert in January and our Chairmuii, Chii.%loplier Wiliuri in Muy. Dr Pciiny MilLliurti was Api)oiiiied lo Ihc board iii May. REFI.:R Tr:NCF. AND ADMINISTRATIVE Db,TAILS Reglit¢r¢d Compfiny number 03390218 IEn¥land and Wales) Re8literod Ch#rlty number 1064723 Reglstered ufllce Th¢ Iii¥ine Iloiis¢ 77 Sialion R08d Peler*fiL,Id ¢JU32 3FQ Tru3tees Adrniral J M de Halp¢i'l Iresigned 16.1.241 Mr C E J Wilton Ir¥si¥ned 1.5 741 Mrs G l.lawarih Mrs & Dixon Dr A F H Holden MsSCPook Mr P McGibbon MrKHGale Dr P A Mileham {appoinied 13.5.24) Senlor M#na¥tTrient Tcum Mrsc Hinder Mrs N Hughes-sianlo Mrs L Golledge Pgge 8
Independent fi xamÉner David Sanders FCA Sheen Stickland Cbartered Accountants The Engine House 77 Stlltion Road Petersfi¢ld E4arnhIre GU32 3FQ REFERENCE AND ADMJNISTRATTVE DETAII Invtstnient Advlsers Jarcth Pritchard Charl¢s St&nley 2 W¢&iover Road Bournemouth BHI 2BY This report lias been prepared in ae¢ordane¢ with rh¢ special provisions of Pon 15 of the Componies Att 2006 relatin8 to $02411 companies. Approved by order of the board of mist¢e8 on ,............. and si8n¢d on its b¢half by.. Mr K H Gilc- Tni%icc Pagc 8
Independe1 ExaAer,5 Report to th¢ Trust¢¢s of The Rosemlry FOudll0n Llmlted Ind¢pendeni examlner's rcport to tht trustees of I'he Rosemgry Found*tlon Limlted ('the CoThpany') I report lo the charity Eru5tces on my cxaminaiion of the accounts of ttle Company lor ihe yeor ended 30ih June 2024. Responslblllt5es And bgs15 of report As the charrty's rrusiees of the Compajy land olso its directors for the purposes ofcompony law) yov are responsible for (lie prcpararion of the accounts in ac¢ordanc¢ with th¢ requtrctnenls of the COTnPl1es Act ?0061'ihe 2006 Aet). Havin8 Satisfied myself lha( th¢ accounts of th¢ Company are noi tequired to be audited under Pirt 16 of thc 2006 Act and are cligible for independent cxaminaiion, I report in respccl of ttiy eXanatiOn of your Charity's ace¢Junis a5 caled oui under Seetion 145 of ihc Charities Aci 2011 I'ihe 2011 Aet'l. In carryin8 Out my exarniNaiion I have followed tl?e I)ire¢tions given by the Chariry Commission undeT Section 145151 Ibl ofthe 201 I Aci. lftdependent ex#rnlner's stat¢metJt Since yollr ¢huriry'S gross inLorne e%Leeded £?50.000 youi. examiner must bc o membcr ol. a lislcd body. I cun eonfiTm thar I 8m qualified 10 w)d¢rtake the exafflina(iotk b¢cause l am a Inember of the Instilut¢ of C'han¢r¢d Aciountanls in England aiid Wales, which is onc uf Ilie listed br)dies. I have completed my exainination. I conlimi Ibat n¢) mottcrs bave ¢OillL to rny attentioTr in coniic¢uon with the exllminotion giYin¥ me caus¢, i() b¢li¢v¢'. aL¢ounling r¢Lwrds were noi kcpi in respect of Ihe C.ompuny as r¢quired by Section 386 01.th¢ 2006 A¢l', or the ULcuun15 dv not ¥Lcord wiih Iliose records., or Ihe aLeounls do riot comply wilh Ili¢ a¢coiJniing requircmeiiL% of Seeiion 31)6 of Ihe 2006 Aci oilier tliaii #ny requirem¢nl tljat i&c 4¢counis give a truc &nd fail view whicli is not a mutlL'r corisidered os pan of un indep¥nd¥nl examinaiion., or th¢ accouiiits have not l)eeii prepared in aL'cordance wilh IhL meihu(Ls Slnd prinripl¥¥ ol. Lhc. Siaiemenl or ReLoininended PraLlic¢ for dLcounlinx and r¢pvrling by Lliarilies {appli¢ablc Iv chgrilie¥ prepai'ing tl)esr acLounl% 111 accordonee willi rhe Financial Rcporting Sinndard AppliLoblc ID Ilie UK and Repiibli¢ ol. IrclJnd IFRS 10211. I Iiuve no concLrns and liaTre L'OML 8cruss no oihcr mallLr5 in cunneciion with the ¢Xdminaiioii to wliich attention should be druwn in IhiJ r¢pr)rt iii ordcr 10 enuble a proi>er iindersllliidin8 01. thc LLcounts to be reached. David Sanders FCA Sheen StiLkland Charicred AccuunlArtlS The Fngine [10e 77.%1)tion Road Peier8field HaJnpsliir¢ GU32 3r0 Date.. Page 9
The Rosemary Foundailon Llmlted btalement of FlTrAnclal AcHvitles Ilncorpor4tlng Income 4Nd EipeDdlturc Aeeount) for tho Year Ended 30ih June 1024 20?4 Total nds Unrestrieted fiJnd5 Reslrict¢d nds Total fijnds Not INCOMF. AND ENDOWME.NTS FROM Donacions and le8ocies 619,652 619,652 841,069 Other irading activities Investtnenl iiicome 13,220 13,220 14.642 75.700 730512 730512 931411 EXPENDITURE ON Raisin¥ fvnds 27,377 27,377 30,835 CliarSt#bl¢ aeilvldes Hume car¢ 769.748 815,748 751017 Tot*l 797 125 843 125 781,852 Nei gains on iiivesiiThents 100,107 2.241 NET INCOMEI{EXPENDITURE) 33.4994 146,000) (12.5061 151,1100 RLLONCILIATION (IF FItND.S Tothl tiJnd$ bi'ou8ht fotlVArd 1,997,670 412.wo 2,409,67L) 2.257.870 TOI'AL fuNDS CARRIF.D foRWARD 2Q31167 397 IS4 2 409 670 Th¢ norcb fonii part of thc5c financial srateinents Page 10
The Rosemary Follnd&tloTh Llwlted B*l#nce Sheet 30th Jun¢ 2014 2024 TorAI fvnd5 2023 Toial funds Unr¢sirictsd fund5 Restricted fund5 Notes FIXED ASSETS Tangiblc as8eiS Investmen¢s 48,?.49 15(16 839 48,249 1872.839 28,807 1735,043 12 1,555.088 366,000 1.921,088 1.763,850 CURRF.NT ASSETS Siocks D¢bior$ Cash ar bank #nd iii lisnd 13 14 2,717 ¥9,242 413 100 2,717 89.242 413 100 2,129 87,781 590 033 505,059 505,059 679,943 CREDITORS Amollnls lallin8 du¢ wiihiii one ytAT 15 123,077) 123,0?7) (20,467) NET CURRb.NT ASSET.8 4SI I)tII (TriJ,47() TOTAL ASSETS LESS CURRF.]y'r LIABILITIES 2,037,070 360,IX)O 2,403,070 2,417,326 CRE,DITORS Amuiint5 falling due after more th4n une year 16 15,9061 15,9061 17,6.56) NET ASSETS ,O.11.11)4 2.3I17.1 { 'UNDS Unr¢slri¢l¢d fiinds.. General fund De$i8nGtcd Fund 17 757,082 1274 082 869.6.50 1128020 2031164 1997 670 Restricted fijiids 366 000 TOTAL FUNDS 2 397 164 2 409 670 Tlic Lhaiiiablc coiiipaiiy is cntiiled to ¢x¢niption frooi audit undei S¥cLion 477 of the Coinpo1)i¢s A¢L 2006 for tlie y¢ar ended 30th June 2024. Tlje nierjibers 1)ave nol rL4uir¢d tb¢ company Irj nbiaii) an audii tsf its finaacial stalemenls lor thc year ¢nd¢d .10th June 2014 in accordancc with SL¢tivn 476 of Ilie C.'onipani¢s A¢t 2006. Tlie iioies foiin part of rliese firianeial stal¢menlS Page I I continued...
Tht Roscmary Found4110Tr Llmlted lJal4nc¢ SlJ¢et- rolltlNued 301h .lune 21124 Tlie trustees acknowledge iheir Tcsponsibililics for l&) ensurin¥ Ihat ihe chariiable company keeps awounting records rhar romply with Seclions 386 and 387 of the Coinpanies Act 2006 and preparing financial s¢atemenis whicli give a true and fair viw of th¢ stale of iffair5 of th¢ chariroble Company as al the end of each financial year And ofits surplus or deficii for ¢ach finartcial year in accordallC¢ Wlth th¢ Tequiremcnts of Sectionb 394 and 395 and which o(herwise comply with ihc r¢quirem¢n15 of th¢ Companies Act 2006 relating ti) financial &tateinents. 50 far as applicable lo the charitable company. Ib) These finon¢ial styt¢ment$ h&ve bcen prepared in &c¢ordanc¢ wilh the provisions applicable to choritable compat)ies subject to Ihc small companics regime. The financilll statements were approved by the Board of TrustcL% and authorised for issue on ............... were si8ned on ils behalf by.. ond *.il, 1rlK H G¥ilL The no$ form par( of thes¢ fIndn¢ial Sloi¢Tnent5 Pa&re 12
The Rtssemary Foundation Llmlted Cash Flow StiÈmenl for the Yegr Ended 30th June 2024 2024 2023 Notes Cash flows from operAtlng acrhrftles Cash generoted from operaiions 172 191,345 Net cash {used inyprovided by operating aetivili 172 569) 191.345 Cash flows from Inve¥ling activllies Purcbue uf tslnuible fixed assels Purchasc of fixed issel inv¢stmerkrs S&1¢ of fixed asse( investments Inteiesi r¢i¢iv Dividends Teceived (33,9491 1910,7001 873.011 6,750 13,904) {597,8681 553,167 1,407 Nei casli UBed in inves(in8 oetivilles 4.364) Change In e¥h egsh equlvilenls In th¢ reporllng pcrlod Cg$h and cgsh equlvalents at the b¢glnnln8 of tb¢ reportlng p¢rlod (176,9331 186,034 590 0.3J 403.999 C*5h 4nd caih equlval¢nts at the end of the reportlng perfod 413 100 590 033 The iiorc5 foiiii part of iliese financial statemtnrs Page 13
The Rosemary Fothndgtion Lirnlied Nott8 to the Cash Flow Sta(emeMt for the Yer Ended 311th June 21124 RECONCILIATXON OF NF,T IEXPENDITURE)IJNCOME TO NFT CASH FI,OW FROM OPERATING ACTlVI'fiES 2024 Net lexpendltureylncome for the Yeportlng p¢rlod (as per the StateJn¢nt of Fln4n¢lal Aerfvllles) Adjustmcllts for: Depre¢Tation ¢har&es Goin on investments Illleresi received Dividends received IncTLasc in Stocks ILncrc8seVd¢¢r¢8s¢ debtor8 D¢cre&se in ¢r¢ditor (12,506) 151.800 14,507 1100,1071 (6.7501 160,5241 (588) (1,4611 18.713 (2,241) 11,407) (41,887) 11,369) 73,888 Net cash {us¢d In)Iprovlded by operAtlons 172 5691 191345 ANALYSIS OF CHANGES IN NET FUNDS A(1.7.23 c.ash flow At 30.6.24 Net cJh Cash al bank and in haiid 176933 413 100 176933 413 100 Toixl 590 033 176 9331 413 100 Tlie notes fonn part of these finan¢ial srafemenrs Page 14
The Roseniary FoundAtion Limittd Note& the Fin4n£i2l StAlemetht$ for the Year Ended 30th June 21124 ACCOUNTI]YG POLICIES Bas15 of preparSng the fln4ncial %tatem¢nts The fmaiicial siaicmcnts of the charilable coinpally, which a public benefit enlity undcr fRS 10? havc been PTepared in accordaiice with thL Cliarilirs SORP IFRS 102) 'Aecourtiirtg and Reporiing by Chdriiies.. Sialemcni of Rc¢ommcnd¢d Practic¢ applicable to chaiities pirparin8 thcir actounls in accoi'dance witli th¢ Financial Rcpoi1ing Standard applicable in the UK aDd Republic of Irelaiid IFRS 102) leffeeiive I lanuary 2019),, Financial Rcportin S(ondaTd 102 The Financial Reporting SiandaTd applicable in the UK and Republi¢ of Irelond, and the C(Trrnpanies Act 2006. The fin#nciul SiHLemenis have be¢n pr¢parcd uiidcr Ilie historical cost collyentiort, with the exception of investnients which are includcd ai market value. Guin% Concern Investments held by the Lharity h(Lve rn4Lrket vlllutt of £1.87rn tss tst 30111 June 2024. These are highly liquid oss¢is. which ¢dn bi sold Lu ¥¢n¢ral¢' dddiliun41 cash if requirLd by LhL Lharily. On con8idcTalion of the above, the board ol. trusiees consider thL charity to be in a financial posiiion lo coniinuc as o bVOlrtB LuncLNI fur Ihc fur¢5¢eable lulure. Ineomé All inco1¢ 18 recogiiised iii Ihe tsiaremeiil of Fii)oiicial Activities ort¢¢ th¢ cliRiiLy has L'liliilcmeni lo the fvnds, il li probablc iliai tlic incoin¢ will bc I'e¢eived, and Ilie amouni con be measurtd reliably. ".xpeiJdlturc LiiibilitlLb arl r¢LognisLd us cxpcii(liiurc as srfrDn as rhcrc is 41 IL8(il OT cunsinieiive obligaiioii crJmniillin8 IIiL LliaTiIy lo that expeiiditure, il is probul)le Ihlll a ti'Ln%ler of economic benelii$ will be rcquirLd in seLilemcni aii¢J th¢ Iimounl or Ihc obliglllion cnn bc rncasiiiEd rclillhly. Lxi)L'ndilure is d¢L()Iinl¢d l(Ir on an IiLLrna15 1)osi.% aiid has been Llubsificd undcr heudiny% tliat ¢14MrC¥IC all ci)st rclalcd In Ihc caicgory. WhLr¢ cosis LJnno( bc 4JirLLily xllribuiL,d io ptsrtlLulur heudin¥s, Iliey havL bcEll oIIoLalcd lo llcLivilies on a bosi% L(>risisiLnl willi ¢litt use of resources. Tpnbilblt llxed Aysels Depreciation 18 provided ai ihe follr)Willbi annual ra(es iii order 10 write off each assei over its esiimdted useful lil¢. Inipi'i?vcin¢iit& lo propeiiy PL.Inl and Inthcbincry Coinpuier eqiiipment 20Vn on co81 15Yn on rcductng balanc¢ 33Yo U11 cost TanLijl)le a.8set.% ait depreciared over tl)eir 118eful lives tikiiigT inio occounl residual Vii lue¥, wh¢re appTDpfioie. The usefiil lives of Ih¢s¢ assets orc ¢stllllAILd bJb¢d historic experi¢iiee and mire considerolioiis and Ihese ar¢ Te-a$ses5ed an1111y. Any goin or lo&s arisii)g thc disposal ot un D.%set Is ddetTnin¢d by lh¢ diffcrcnL¢ bctwcen sole pi'oceeds ond curryin¥ value of the asset, and is cirdiled or chnrtlcd tn tlic profil or loss. Stocks Stocks are Vc11ued al Ihe lower Df cost 2nd net I'ealisable value. cillei. rnakin8 due allowoncc for ohsoleic and slow moving ii¢tns. T4xAtion The chariry is exenipL from corporttiioo lax on ils chariiable ac(ivi(ies. Fund *Liounlin8 Unrestricted ndS ¢)n be used in aectsrdJnce with the eharitable objtctives ai dic discreti(Trn of the trustees. Restricied funds can oiJly be used lor particular restricted piirposes within ilie objetts of Ilie r.hxrity. Restl'lLlions arisc wli¢N specifi¢d by Ihc donoi. or when funds are ruised for particuldr ristricied putpose¥. Page 16 cuii¢inued...
F'urther explanation orth¢ nature and purpose ofeach fid is iJJcluded ill Ilie notes (o the fumrtcial stAt¢ments. Hire purLhase leaK commltm*ntS R£nials paid under oper8ting leases OTC charged to ihe .8tatemcnt of Fillancial ALlivillES on a straighi line basis over the period ot'the lease. Pen$ioN costs other po5t-retir¥TNeTrt beNL.fits The ch#rilabl¢ company op¢rd1¢5 a defined contril)urii)n pen5lOn scheme. ConlTibulions payable tu the charitable coinpanys p¢t)si(Jll s¢h¢me are charged to the SiaL¢menl ofFinancial Activitie5 in IhE period 10 wbich th¢y relate. DONATIONS AND I,F.GACIES 2024 2023 Doiiaiions Gift aid l.egacies Grants 413,677 38,329 152,168 15,478 583,870 47,712 185,557 23,930 6196S2 841.069 Gronis r¢¢¢iv¢d. in¢ludcd in th¢ abovc, arc as fnllows.. 2024 2023 NH8 England Oih¢r gr¥nl¥ 13,458 2.020 23.930 01'HI,:R I'RADif4lG ACTIVITIES 2024 2023 FundrBLSinB events Sil¢ ol'C'hTlStmlls Lurds 10,437 2.78.3 10,512 4.130 14.642 INVESTMENT iNCOIME 2024 2023 Rei)ts received Dividend incomc Deposit A¢wuni intei'est 30,366 60,524 32,406 41,8¥7 75.700 P4g¢ 16 continued..
The Rosemary F4)undatlon Llmlted Notes to the Fln211tlAI Statements- continued for the Year End¢d 30th Jll*e ZU24 RAISING FUNDS RAlsln% donadons l¢g?cle5 2024 2023 FuttdTaising ct)SlS Markelinb 2,077 25.021 9,303 77.ui),% Other tradlng BcthTlttes 2024 2023 Op¢ninB Stock Purchases CIosiri8 51ock 2,129 867 760 2,681 2.12YI 279 A88regate amoun 27,377 CHARITABLF. ACTtVlTIF,S COSTS Support ¢OS(s (see Duie 7) DireLI Totals Home corc 651974 163.824 815748 SUPPORT COSTb (Jovernance CL>sIs Financ¢ Toials Flonie ¢are 153 350 4.652 5.822 163.824 NET If4COMEI(EXPENDITURE) Net incornellexpendilurel is lil4ied aft¢T char¥in81(creditingl'. 2024 2023 ljidepelldenl examination fec Depreciation- owned assets Other operaiin& IseS 3,860 14,507 33,250 3,415 18,712 Page 17 contsnued..
Tkne R05¢mary Foundatlon IAmlted Notes to the Flnanclal StatemeRt5- continued for the Year F,nded 30th 2024 TRUSTEES, REMUYERA TION AND BENEFITS Thcre were no tTUStces' rEmunernlion or other benefirs for the year ended 30th June ?0?4 nor for the year ended 30th Junc 2023. Trustees, expenses Th¢r¢ were no ttee5, expenscs paid for th¢ year ended 30rli June 2024 nor for ihe year ended 30ih June 2023. Jo. STAFF COSTS 2014 2023 Wabyes 8nd salaries Social securiry costs Oiher pension costs 580,676 42,239 547,325 39,247 8,179 631547 594751 The average monihly number of employees durin8 the year was a5 follr)ws.' 2024 27 2023 25 Nur$in8 Administration 27 No eniployLes received emoluments in cxcc5s of£60,0(X). TANGIBLE FIXED ASSLTS Iini)rnvemenlS prop¢Tty machinery equipmeni Total$ COST Al Isi Jiily 2023 Additions 51,393 11.269 1.020 47,491 33,949 AI 30th June 20?4 DEPRECIATION Ai Isi Jiily 2923 Chargt for year 31.129 6.597 752 43,620 81.346 AI 30th June 20?4 NET BOOK VALUE AI 30th Jiiiie 2024 AI 30th Jiin¢ 2023 Page 18
The Rosemary FoundAtlon Limited Noies iv the Flnthnclal SlalenLent5- eontlnued for the Ye4r EDded 30th June 2024 12. FtXED ASSET tNVESTMEpTrs Listed Tftvesiments MARKET VALUE At Isl July 2023 Addilions Disp05a15 Revaluation8 1.735,043 910.700 (871,0911 98,187 At 30ih June 2024 1 87? 839 NET BOOK VALUE AI 30th Junc 2024 1872 839 At 30th June 2023 1735 043 There were no invesm)ent assets hcld ¢)utside th¢ UK. co.st rjr valualion Bt 30th June 2024 is Y¢pr&8¢nted l?y'. Lisi¢d inv¢sim¢nts Voluaiion ill 2024 1872 839 13. STOCKS 2024 2023 2,1?9 14. DEBTORS: AMovf4TS FALLING DUE wi'fHIN ONF. YEAR 2024 2023 Tr8d¢ debtors Other debtors Charles Sianley income account VAT Pr¢paymenis 2,518 6.46fS 49,741 11,727 275 14,836 .$9,181 4,739 750 Pase 19 ontinued...
The Rosemary FOndatIo Llniltcd Notes Éhe Finoncial Slatemcnts- continued for the Year Ended 30th Jllne 2024 Is. CREDITORS: AMOUNTS FAIJ.ING DUL WITHIPI ONF. YEAR 2024 2023 Tr4do creditors Social 8¢Lurity and other laA¢8 OiheT crediior6 A¢¢rd ¢xp¢nses Op¢raiin8 le&8e 2,994 13,097 1,666 3,570 3,431 12,216 1,716 1,750 23,077 26.467 l6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONF. YEAR 2024 2023 Op¢r41illg lease morc th 5 y¢ar5 0ratIng lease 2-5 years 656 656 17. MOVF.MF.NT IN FUNT)8 Net muvcment in fvnds Al 30.6.24 Ai 1,7.23 UnreitYltt¢d funds Gencral fund De818naied Fiiiid 86Y,650 1?8020 1112,5681 146062 757,082 1274 1182 1,997.670 33,494 2,031.164 Rtt¥lrlL,ItLI fiillds Ilsabctti Roblnson Tr$lnlng Bursary H E3 Allen 'l'rust Milland Rall 92,OCKJ 274,OlXJ (4,0001 (42,QOQ) 88,000 232,000 412000 146,UIIVI 366,00 TOTAL FUNDS 2 409 670 125061 2.397 164 Page 20 continued..
Tht Ro$etnary Foundation Llmlted Notes to tljt Fin&nci81 Statements- contlnued for the Veor Ended 30tlI Julle 2024 17. MOVEME]YT IN FUNDS- ¢ontlTrued Nei movemeni in hjnds. included in the alve are as follows.. Incoming res(trurces Resources exrKndcd Gains and 10sSCd Movemenr in funds UDre8tr1c¢ed funds General fund Designaled fund 668.157 (797,2431 16,518 83,589 (112.568) 146.0()2 730,512 1797.125) 100.107 33.494 R¢$trlcted funds Elisaheth Robin.%on Trainin¥ E3ursary H B Allen Tnjsi 14.0001 (4,000) 14? I1)) 46 0001 TOI'AL FITrIDS 730.512 100 107 12,5V6) CompMrAtlves ffjr moverneni In funds Ncl movcincnt in li1o(Is A¢ JU.6.23 Ai 1.7.22 Unre$lrlc¢ed funds GeneT81 fund D¢sigi)al¢d Fuiid 701,803 I OY8 007 167,847 869,650 1 128020 1.799,870 197,800 1.997,670 Restrlclcd funds li.4abeth Kobinson'l'roining Bursury H B All¢Th Trusi Milland B11 96,OUO 316.000 14,OQOI (42,U(101 92,00 274,000 4SA 000 412000 TOTAL FUNDS 2 257 870 151,81]0 2 409 670 Puge21 continued...
The Rosemary Foundailou Limited Note5 to Ihe Flnanc131 Si*tements- tontlnu¢d Cor the Year Ended 30th June 2024 17. MOVEMLiYI' IN FUNDS- ¢oTrtlnued Comparative net movement in fi]nds, included in ih¢ above are as follows.. Resources cxpended Gains 2nd losses Movement in fvnds resources Unrestrl¢ted funds Genergl fund Designated fund 888,116 720,2691 15 5131 I67,7 931,411 {735,8521 2.241 197,800 Re$trlcted funds Elisabeth Robinson Training Bursaiy H B Allen Trnst 14,000) 14,(K)O) 147.0110) 146.OUOI 140,IXIIII TOTAL FUNDS 931411 17111.8571 151,800 R¢$trl¢ted funds The r.lisabeih Robinson Truining Bursory w&s esloblish¢d in 2018 with a gift (Jf £ 100,000. A further 8ift of £2.5,000 was added iii 2019.'fhis will bc ed io provid¢ bur5arie8 for nursing Iraininx. The HT4 Allen Trust fiund wlls sel up iii 2018 wilh a yrdiil of £4QO,O(K) from thv Fl B Allen Trust. The pury)o$¢ of thL fvnd is 10 providL an income 10 pay th¢ salary for a (ieiieral ManaK¢r. The Milland Ball Furiil WB¥ establishe(f iri 2020 to provide on incom¢ lo PDY thc salllry Cor a Generol Man8¥LY, 18. RF.I,ATf.D PAR TY l)18cI,08ifRES There were no related party Ir8ns&ciions for ihe year ¢nd¢d 30¢h June 2024. Poge 22
The Rosemary Found211ott Lirnite DetY411ed Stateinent of FlnHnci81 Aetlvliles ror the Ytar Ended 31lih June 2024 2024 'rvlal funds 2023 Total funds Rtslricied fund5 nds INCOME AIYD ENDOWMENTS DonAilolls and legacles Donations Gill Aid Legacies Granrs 413,677 38,329 L52,168 15,478 413,677 38,329 15? 168 25.478 583,870 47.712 185,5S7 23.930 619,652 629,652 841,069 Other Iradlng att1v1c$ Fundraising events Sale of Christmas card$ 10.437 2,783 10,437 10,512 13,220 13,220 14,642 Inwtstment Income IILn15 rcceivL Dividcnd income tkJ)o&il account inieresr 30,366 60,524 .30.366 00,524 32,406 41,887 Totil Ineomlnx resource 730,512 740,512 931,411 EXPENDITURE RA151Dg dfinAtlos Ajjd l¢gfi¢les Fundraising L'o$ts Mai'keii118 2,077 2.077 9,303 27,Q98 27.098 29.523 Othtr tradlng *cttvltle$ Openin¥ stock Purchases Closin8 Stock 2,129 867 2717) 2,129 867 760 2.681 279 279 1.312 Ch4rltable activlties Wagc Social 8ecuriry Pensions Adveriising Carried forward 534,676 39,2?4 7,80.$ 5,962 540,638 39.224 7,805 491,498 36,53? 7,678 15 535.723 581,705 i.962 587.667 This page docs not fotm part of the Siatuiory financial statements Page 23
The Ros¢mary Foundatlott LlThlted Detailed Slatement of FlnantiAI Ac(ivitie$ for the Ye8Y ETrdcd 30tb June 2024 2024 2023 Total fiJnd5 Unrestricted RestYi¢led funds fund5 Charltoble actlvltle$ Brouglit forward Sundrics Mileage Training UnifoThn5 and equipment Fees and supervision eosis Improvcrn¢nts to propcrty dep, 581,705 5,962 587,667 535.723 128 35.528 1.992 4.751 9.f131 36,665 5,431 3.752 9,538 36.665 5,431 3.752 9.538 8.871 645,962 5,962 651,924 598,232 Supporl L'oyts MAnagem¢nt Wa8CS Socidl security Pensions Reni pay&bl¢ Roles wid waier Insur4n¢¢ Light and h¢ot l¢lcphonc Pos(a8L and swiion¢ry Compvler ltS SubscrÈptions CleHning Mil¢age Repairs & mairil¢n&n¢e Premises expens¢5 SIAft w¢llure Plani llnd tnachin¢ry dep'n Li)mpuler equipm¢iii dei)'n 40,038 40,038 3,OlS 827 33.25 3,849 7.489 3,997 12.49.1 2.395 27.201 3,219 3,448 471 3,98A 55.827 2.71S 501 29.750 3,757 7,239 3,472 7,384 2,367 7,844 4.01 ri 3,134 1,330 3,921 3.ols 827 33,250 3,849 7,489 3.997 12.49.1 2,395 ?7,201 3.219 3,448 471 3,9RX 2.034 752 4,884 2,034 752 4.b,54 2.?26 757 40,038 153.350 145,0?2 FlnAn¢e Bank charg¢$ 4,652 4,652 3.327 Governance costs Indepelldcni examination fee Pa011 & ollier prof tees 3.860 J,¥60 3,415 Tothl resvurLes expend¢d 797 1?5 843 125 781.852 Net Income bel'ore g8ln8 gnd losse8 166,613) 146,0001 149,559 Re211std recogNlsed g45lls and losses Gainsllloss¢sl on fixed assei invc8imenis 100,107 100 107 23.182) NEt IllLome 12 5061 126377 This pa8¢ does noi forni pan of the Slafuiory financial statemeiits Page 25