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).
0￿￿CTIVF￿ AND ACTIVITIES
Obj¢ctlve$ •nd A¢dvltles
Ho$pl¢f at Home Servlce
The Rosetnary Foundatioii Hospi¢¢ ot Home is a re¥istered chariry, fL)llnded in 1997. which providcs carc for individusls Over
Ilie abje of l A, who hav¢ a lif¢-ItinitlOg Lon(iiiivn dnd ¥uppurl for their Larejs - iii IheiT Iitsiiie as life draw5 lo a close. This
care is free of eh¥rgt and provided 2417, 365 day.4 r)f the year. The seThiee 18 available for pc()ple living in E¥sl
HaTnpshire End covers on ar¢a in excess ol. scvcn hundred square miles with a populaiion ol. approximately
120,000. The ROse￿ary foundation 15 special aiid uiie of only a h￿Id￿j1 of sllliidalon¢ chariii¢s in tiic UK io pruvide nurs
led hotspic¢ cor¢ ai hom¢. Sio¢¢ inL¢ption to tlie year Lnd Juiii 2024, Thc Ro&cmary fuundu¢ion has cared for 3,900 Patients
and given support io Ihcir families, Tlie RL)tsemaiy foundaiion is fully Irom grfin15, donhriuns llnd le¥tscies.
approximately 44/0 of 31ntylory ￿n￿li)g. We coniinue 10 hold our CQC 'Out4tanding' award (Novciiiber 20191 for whicli we
re ri81)tly proud.
SlgDlllcaTrt acllvlllts
DuriTi8 the perio(l July 2023 tn Jun¢ 20?4, Ihc Founduiion h8.$ 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 Inaxim￿ll 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$ible for ihe day to day financial and office man8gement of
its¢ Charity a8 WCII as prtrnise5 and tenanl managemenl of our lop floor offjcc space. An OperAtions AsSis￿￿t j3 al30
employcd on a pari tiyne bdSi5 as pari of th¥ adrnin l¢am. To work alon8sid¢ ow FundrdisinK Mana8er we have a part lime
fundraising assisiani who contiii)ute8 ro the community side of fundrai$in8.
Volunteers
As a eharity our volunteers play a significant I￿le 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 $etlinx i1& plons and prioriti¢s for 4Teas of work, the Truskes of The Rosemary Found8tion have had re8llrd to the guidance
of th¢ Chariry Commis8ion on public b¢nefii and confirm Ihey have ¢omplied with section 17 of the Lliaritics Act 2011.
A principle of eqiiiry o1.g¢¢ess to Ilie Lhoriry's service8 is upheld 10 any mernber of rhe public who n¢¢ds them irrespective or
ca￿¢11Y, cihnicityl faith or %tsciol etonumic aciiviiy.
ACHIEVEf*fENT AND PERFORMANCE
In¢ome Generotlon
96% ol- tli¢ Chority's incomc is raised collectively Ilirough individual donations, cunirniinity ￿ndraiSin¥ cvcii15, Charitable
Trus15. fouiidatioiis an(1 le￿il¢1e%. of tliis inLon?e is guarnnleeLi. The Foundalion 4150 LnLL'rs inio NHS shurl lerni
individual patieni agrc¢menib' an Lffort by (he NHS lo relieve si)me of Ihe prL'ssurcs of paiienl care by fdst rriicking hospiial
patieiirs fruNI hoypilal bcd% intn care in IheiT own homc. 'fh¢se individual paiieni 08reeimeiir$ 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
r￿anCIal 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 8tTe￿n8 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 fIn￿Cial 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
co￿tend 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 ￿e￿arLOS (See Expcnditure $e¢tionl and the possible nced to draw down on
re5erve$. The FoUnd￿lOn 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 fi￿dIng 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(1X￿O
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$L
W¢ remiin reliant on the 8UPPOrt of our community. Charitable TN8ts And Foundations 10 ty and esrablish an annu41
bre8keven.
Exp¢Ddlthro
The Rosem•ry Foundailon Llmltod
Expendilmre increased by jwl OVCT £60,000 compared with 2022-2023. The 14rgesi sin8le exp¢nse w¢re s&laTies.
adhere to the NHS ¢nnu41 pay ri8e awards wilh 5alari¢s risin8 yeAT on year. For the coming y¢ur 202412025 we will Award
pay in¢rease of 5.JQ/• ill line with rhr NHS aw4rd alld iog¢ther with an increue ill rtursc numbers from 21 on roll in 2023 to
24 in 2024, will have quite an impa¢l on 5al*ry cost¥. In the c￿Thent reporting p¢ftod salaries repr¢sent 80% of our annugl
¢08ts.
Wages
641684
557560
594751
516732
SI￿0
429805
4Lf(I
8es
It￿(￿0
2020
2021
2022
2023
2024
Our non-charirable costs incre4sed in ?073-?0?4. up 20V/• on the previous yeAr, Ihis r¢fleeTS the IT co8ls of a new clinical
system and higher illsurwce pr￿nIuM5. Through coreful bud8eling and monituriDg thv focus continues lo be reducing #ny
unnecessary costs to Sustsin our ¢haritsLble scrvice.
Kty Rtskl
The Charity conrinues to mana8¢ through scenario plllnninB our k¢y risk$ (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 Lni￿lS11￿8
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 Reg*isl¢rcd
Manugerfs slllllry of whi¢li we draw £42,Iion per year.
The Iieed 10 apply lor granl and Injsf funding is never grell￿r 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 saI￿y, (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 C￿re 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 invi￿tIon 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
E4arn￿hIre
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

Independe￿1 Exa￿A￿er,5 Report to th¢ Trust¢¢s of
The Rosemlry FOu￿d￿ll0n 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 COTnP￿l1es 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 eXa￿natiOn of your Charity's ace¢Junis a5 ca￿led 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 [10￿￿e
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 St*iÈmenl
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 Ye*r 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 c*Jh
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 an11￿￿11y.
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 fi￿d is iJJcluded ill Ilie notes (o the fumrtcial stAt¢ments.
Hire purLhase lea￿￿K 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& I￿seS
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 t￿￿tee5, 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 FO￿ndatIo￿ 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¢¢r￿d ¢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
0￿ratIng 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$etnary Foundation Llmlted
Notes to tljt Fin&nci81 Statements- contlnued
for the Veor Ended 30tlI Julle 2024
17.
MOVEME]YT IN FUNDS- ¢ontlTrued
Nei movemeni in hjnds. included in the al￿ve are as follows..
Incoming
res(trurces
Resources
exrKndcd
Gains and
10sSCd
Movemenr
in funds
UDre8tr1c¢ed funds
General fund
Designaled fund
668.157
(797,2431
16,518
83,589
(112.568)
146.0()2
730,512
1797.125)
100.107
33.494
R¢$trlcted funds
Elisaheth Robin.%on Trainin¥ E3ursary
H B Allen Tnjsi
14.0001
(4,000)
14? I￿1))
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 B￿11
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 att1v1￿c$
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 dfinAtlo￿s 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 l￿tS
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
Pa￿011 & 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