REPORT OF THE TRUSTEES AND UNAUDITED Flh'ANCIAL STATE.IIENTS FOR TIIE YEAR ENDED 31 ￿lARCH 2021 FOR TIIE EDWARD ROSE CIIARITABLE TRUST DTE Busineks Advisers Limited Chartered Accounw The Exchange 5 Bank Sire¢t Bllry BL9 ODN TIIE EDWARD ROSE CIIARITABLE TRL'ST co.YrETr*TS OF THE FI.%LNCIAL STATENIENTS FOR THE YEAR ENDLD 31 .NL4RCH 2021 P*g¢ Report of tbe Trusttts Independent Ex*min￿'S Re￿rt Statement of Fin*ncl*l Acti￿15 St*temtnt ofbin*nci•l Positlon Notu to the Fln*nd*l St*lem¢DtI 7 ￿ 13 Det*lled Statement flf FID•adil 14 THE EDWARD ROSE CHAIUTABLE TRUST REPORT OF THF. TRI'STEES FOR THE IEAR ENDED 31 NI,IRCH 2021 The irusttts preseni Iheirrew>n with ihe financial st&ements ofihe charity forthe yearended 31 March 2021. The trustees have adowed the provisions of Acc¢￿ntIng and Rqx)rting by Charilies.. St￿ement of Recoinmended p￿tICe appli¢able lo chariiies PTeparing their xcounts in xcOrda￿e with ihe Finan¢ial Rep￿1￿8 Standard applicable in th¢ UK and Republic of Ireland IFRS 1021 {effeaive l (klokn 2019}. OKIECTIVES AND AcfiviTIES Objtttiwes and aims The main aim of the ¢hariiy 1$ 10 provide prxiical &sislance lo di4dvania8ed young ￿pIt through bringing people together, living and working in a close cornmunity network. The tru￿ hop¢s io do this through obtaining a numb¢r propenie5 in close access io each other wilh supported living Yllings and by issuing grani% 10 oiher local In￿liU(lOn￿ with Ihc same objects. It is thoughi will help ￿s]51 easier inle8fdllOD with ihe wider neighF4)urhood and therefor¢ crcaie and maintain imwrtgni link% with individuals and groups. SIgnllle*nt Icti￿tieS During Ihe year under works were completed lo bring the propeny In￿ use. This now been let to di5advaniaged young rKople, where they can live and WO￿ tO8ether. Publle benefit The TTU%I esthblished for th¢ trtnefii of youn8 dis*Jvaniagal pw>l¢ in ihe Greoter Manchesw area with the objcrtive to provide them assislance and 5WPW)rt to live aThJ be integNed wiihin Ihe wider communiiy. Don•tlo The Irusltts consider makin¥ donations an effetlive meaTrs of providing pwii¢ai a4sistantt ￿ di%advaniaged young people ¢hough Ihe facilities provided from the receii'in8 institutions. Dowions in Ihc year i01￿led £3.550 12020.. £5.1501. FINANCIAL REVIEW Finxn¢l*l po$l￿Ort, achievern¢n¢$ #nd perforni*n¢t The charity reccived donaiions in Ihe year io¢atlin8 £39.(KKI {2020.. £115.8￿1) and m* donations to ins1iluiion% of £3.55012020.' £5.1501. Inve51menl income of £35.681 rem¥ined simil&rto that of£32.888 in 2020. being rents rtteived. Ex￿￿iture de¢rewd during thc year ¢0 £19.179 from £36.305. mainly due io repairs r¢quired on the properties in thc prior year. Overall net inwme for the year w&s £53.502 compared w £111383 in 2020. Unrestricted funds w ihe year eTbd We￿ £993J7912020.. £938.0771 Ibe above re5u115 were achieved despite the ongoing paTwJcmic which the ￿￿$t w&s thankfully not adversely effected by. The Trurt i¢nanis implement, review and amend trf)licies in orderto improve services and ensure Ihai ihe charitsble objectivesconiinue io be met. THE EDWARD ROSE CHAIUTABLE TRUST REPORT OF THE TRLSTEES FOR THE TrEAR EI%DED 31 .￿lARCH 21121 FINANCIAL REN'IE Ini't5tment polic). The Iru%i currently has futKb Inv￿¢d in promies a raurn through ren￿1 inwme. The propeni¢s 8r¢ rented to residents whose Tequirements f￿1 wiihin the and objectivcsof ihe chaTity. The IN￿et'S policy for monies r¥)t immediately m4uired foT the thy io day operation of ihe tru￿ may be held in investment& securities or propeny. Funds may also be loaned to other tTUSiS to u5cd Èn line with the charitable objeciives Whe￿ these are ¢onsidered io be Ihe same. As ai year end the charity has monies h¢ld in a dqN)sii a¢¢ouni ar￿ had loaned monbes tothlling £294.640 to a tru51 with the same Ch￿l¢able objeciives. Reservd policy Th¢ irusl¢¢s have examined ih¢ need for free reserves and consider thal giv¢Th th¢ natur¢ of the charity's work and its commiimeni. the level of free r&*rve% shLNJld be such 15 u'ill enable ihe charity ￿ meet lis commiimenis for the foresttable future. The rninimum level of rcserve5 considered 10 be Tequired at any one lime is £21.600. The charity coniinues io use ihe properties 10 gener*e rental income for the chan.ty io use and cre*e free reserves and enable li io mtti ils commitmcnts going forward. The sia*ment of financial F¥)siiion s￿w5 ￿81 reserves of £993,57912020'. £938,077). all of which is unresiriaed. Of this balanee, £4.14.875 (2020.. £383.073) represtrts free re5ervts which is for the support of the charity obje¢tivts and fuiure expendiiure. Goin8 concern After con%idenng the role of the irust wiihitt Ihe wider eommurkity and risk mwM8unent. the tru#ttS have reasonable expc¢iaiion that the iru* have thquate reKwTces and cash flows to merf their S￿dIng wmmitmenis foT ihe roreseeable fulure. The irusiees have ￿nsId￿¢d ihe impw of Ihe global Covid.19 pathi1¢ on th¢ Ir￿￿ and Te£ognise Ihal the future cannot be predicted wilh certainly. The Iruatts exped the inJs1 ￿ Continue Tecthving inve4meni income during this lime and will continu¢ to monit¢N ar¥1 whtt¢ w)SStble redu¢¢ co#$. The tru￿rts believe that Ihe trust is well plaeed to Ihc risks ￿ these ehallen8lrtg times and iherefore eontinues io adopt a giTring con¢¢m b&sis in preparing ih¢se financi￿ swements. FUTURE PLANS The charity is considering acquiring additional pr(wies in the forthcoming years.. wilh a view io create a community network for providing &55i.4tan¢e lo dis*Jvania8e young wle in a 5UPPOrtcd environmertt. The Irus¢ will continue to make grants aThJ donations ￿ 5imit8r in51iluiions &$ aThl whth donations are rtteived io make thi5 PO55ible Io Provide further &SSiStarKe. STRUCTURE. GOVERNANCE AND MANAGEMENT Golerning dotume 1.he charily 15 controlled by il's 8OVtrnin8 thxumcnL a tru￿ deed dated l August 1997. & ameThJed by supplcmental dttd on 3 June 1999. The Trustees aTC apw>intcd to cnsure that the relevani skills a￿1 ex￿]c￿ce are Én place to excculc the Charitics aim5 and obj¢ctiv¢s. They are ultim21¢1y T¢y*nsible fof ihe poli¢ie& ¥iiwties and &ssets of the chariry and ihcy me frequently 10 review developments of the charity'5 &tivilie5 and make any importan¢ decisions. When neceswy, Ihe Tru51ee5 seek advict and 5UPWrt from the charity's professional &li'iseTS including property con4ulianls, investrnenl manager& solicitors and accoun(ants. The day io day m8nagemeni of the chariry's activitie& and the implementation of policies. 15 dclegaied to the appropriate mcmbcT5 of Ihe Tru51. TIIE EDM'ARD ROSE CHAIUTABLE TRUST REPORT OF THE TRLSTEF.S FOR THE IT.AR EN'DED 31 IIARCH 2021 STRLICTLIRE, GOVEIiYANCE AND MLYAGEIIENT Risk rnanagemeni The Iru%ites have a duty io identify and revicw the risks ￿ which the charity is extwj and lo enSll￿ appropriate controls are Ln pla¢e 10 PTvvide r¢asonable &wrdnc¢ againA frdud and error. The Iru%lees ha%'e examined ihe o)Krational and busin￿8 risks which the charity f￿¢$ aThJ confirn ihai ihey have iablished sysiem5 10 miiig8ie ihe 5ignifJcani risks. REFF.RENCE AP*'D ADN11￿15TRATIyE DETAIIS Regi$tered Chirlh. number 1074447 Principal #ddrus 20 Aldwych Avenue Rusholme Manch¢￿er M145NL Trusltes D Feliham M Feliham S J Feltham J E Feliham Independent Eximlner F20na O'l.tsughlin FCA D-fE Businth% AdNi%crs Limited Chartered Accounlanls The Exchange 5 Bank Sir¢ Bury BL9 ODN BAnker5 Lloyds Bank plc 5.3 King Street Manchcster M60 2ES Approved by order of the t#)ard of tnL41¢¢s on d si8ncd on its behalf by". Feliham- Trusiee JTr*DEPEf*DEP4T F.XA)IINF.R'S REPORT TO THF. TRLTSTEES OF THF. EDM'ARD ROSE CHARITABLE TRUST Independent ex8miner'$ report to the truslees of Tbt EdM'*rd Chxrii*ble Trnst I report io the charity irusiees on my examinaiion of Ihe accounis of The Edward Ro*e Charitable Twst Iihe Twsi} for the year ended 31 March 2021. Responslbilities Ind b￿1$ of report As the charity trusiecs of the Trusl you are rewnshble for Ihc Prepantion of the accounts in xcordance wilh the requiremenis of Ihe Chariiies Aci 2011 Cihe Aci'l. I rerx)rt in res￿1 of my examknaiion ofih¢ Tn1￿.5 xcounls carried out U[￿tr section 145 of iht Ad and in Carrying out my exarnination I have followed all a￿lICable Direciions given by ihe Chariry Commission under seelion 1451SXb) of the Act. IndependeDt ex*rniner s st*tement I have complded my examinaiion. l confimi Ihai no maierial mauers have corne lo my attcntion in connection with the examination 8IVIII8 tne cause io believe thai in any mateTiaJ respcci= accounting records were kew in rewi ofihe T￿j￿ as required by ￿lon 130 of the Act: or the xcounls do nol xcord with Ih05e records., or Ihe xcounis do noi wmply wilh the aM)li¢abl¢ wyiremenis wK¢rning th¢ fom and content of account5 sel out in the Charities IA¢coun¢s and RetK)rt51 Regul*ions 2(MJ8 ￿her ihan any requiremen¢ ¢hai lh¢ ac¢ounis giv¢ a true and fwr w¢w which is rb)t a matter corLsidertd part of an independ￿1 exarntnaiion. I hav¢ TK) concerns and have comc Kross no ￿her matters in connection with the examin*ion ￿ which ￿lentIOn should be drawn in ihis re￿rt in orderio enable a proper Under￿Dding of ihe ac¢ounis lo be reachd. J)1 Fiona O'tA>ughlin FCA DTE Bu%in¢ss Adviser% Limitoj Chartered A¢¢ounianis The Exchan8e 5 Bank Sire Bury BL9 ODN Date.. 26 October 2022 THE EDII'ARD ROSE CIIAIUTABLE TRb'ST STATEIIEST OF FIN￿￿CIAL A￿l￿,1T1F.s FOR THE IEAR ENDED 31 ,IIARCH 2021 2021 UDresiricted fund 2020 Toial funds Noi¢s INCOME AND E￿DowmEF•Ts FROM Donation4 and legacie5 39.( 115.8(K) Investment in¢¢MThe 32,888 Total 74.681 148,688 EXPENDITURE ON Rai4in¥ fund% 4.610 26,728 ChArit8ble a¢tivl¢les Don31ion% 10 institutions Miscellaneous 3JS11 5.150 Other 11.012 4,427 Total 19,179 36.305 I ET INCOME 55J02 112.383 RKCONCILIATION OF FUNDS Total funds brought fonwArd 9N077 825.694 TOTAL FUNDS CARIUED FORWARD 993J79 938.077 Th¢ t)￿¢5 fomi part of these fina￿la1 styements THE EDII'ARD ROSE CILitUTABLE TRUST STATEMENT OF FIN.￿NcIAL POSITION 31 .%IARCII 2021 21121 'Nrestrided fund 2020 Total funds FIXED ASSETS Investments Inve51tnenis Investmeni piopeny 566.3(VJ 566JlO 566.310 CLRRENT A&SETS Debiors Cash at bank 433J52 382,038 1.035 434175 383.073 CRF.DITORS Amount% talling du¢ within one year 10 (7WJ6) {11.3061 NET CURRENT ASSETS 427269 371,767 TOTAI. ASSETS LESS CURREIYT LIABILITITrS 993J79 918.077 NET ASSETS 993J79 918,077 FUNDS Unie%lri¢ted funds 993J79 9.18.077 TOTAL FUNDS 993J79 938,077 The financial statem were approved by the BoRTd of Trus*es and authorised for issue on D Feliham - Tru5ttt The note5 forrn part of thesc financid 51atemet)ts TIIE EDWARD ROSE CHARITABLE TRUST NOTES TO TIIE FINLNCIAI. STATEIIENTS FOR THE I'EAR E%DED31 MARCII 2021 LEGAL STATUS The Edward Rose Charitable trust is a charity regulwed by the charity ¢ommis*on since ils rcgistraiion on I March 1999. ACCOUNTIYG POLICIES BASIS of preparing th¢ fio*nci*l st•temeDts The financial sth*ments of the chan"ty, which is a public benefit eniiry under FRS 102. hai'e b¢¢n prepared in accordance wilh Ihe chan.lies SORP {FRS 1021 'Accounting ar￿ RqK>rting by Chariiies.. Statement of Re¢omrnend¢d Practice applicable ¢0 charities prepa)it)g their xeounis in xcordance w'ith the Financial Reporting SiandaTd applicable in the UK and Republic of Ireland (FRS 1021 leff¢¢¢ive l January 20191.. Financial Rew>rting Siandard 102 Ihe Financial RetM)rting Standard applicable in ihe UK and Republic of ITcland' and Ihe Chariiies Aa 2011. The financial s¢atemenis h8v¢ been prqmred under the hisiorical c051 onveniion. with the excepiion of investmeni% which are includ&J ai markth value. The Ifu￿ m￿$ the definiiion of a Public Benefii Entity {"PBE") &$ sd out in FRS I(K), and iheyefore apply the PBE prefixed p4ragTaph% in FRS 102. Ihe financial swemenis contain infornwion alM)Lrt The Edw8Td Rosc Charitsble TnJM a5 an individual charity and do noi coniain consolidaied financial inforn)*ion &5 ihc parcni of a group. The c4)mpany h&$ iaken the option under seaion 139121 of ihe Charitie5 Act 2011 10 prep9re cons0lid&ed financial swments. After considering the role of Edward RO￿ Charitsble twu%1 within Ihe widtt cornrnunity 1dtscri￿ on pages 1-3 of the annual rwrtl and ri%k management. the irust¢es have rtwnabl¢ experfaiion that the adequate rcsources and c&8h flows lo med it's 5F*rxling commitments for th¢ foresttable fulurt. The truste￿ have considered ihe impx¢ of th¢ cumi ttoTh)mic ouilook on ihe trus1 and Tecognise that the future cannth be predict¢d wilh certainty. The IruAtt5 exrKd t￿ to (Onlin￿ ￿e1ving investment incorne durin¥ this time and will continue 10 monitor and where posbible rcduc¢ costs. The Inj￿¢C￿ believe thai the trust is well placed to ihe risks at ihts¢ Challenging limcs and IheTefore conlinue% io adopt a goin8 conc¢m basis in preparin8 Ihese financial sw¢menis. Income All income Teco8ni%ed in ihe Statement of Financi￿ Activt¢ies orKe ihe ¢harity ha% entitlement to the funds 1¢ is probable that the income will be r¢¢eived and ihe amouni be mtasura reliably. Xpendi￿re Liabiliiie5 are reeoBnival eikxnditure there is a legal or COft¢ructiv¢ obligation committing the harilycharity lo thai expenditure. it is probable Ihal a Irdnsf¢r of economic bencfits will be required in wil¢meni and the amoun¢ of Ihe obli8ation can be m￿sured Teliabl).. Exwdilure 1% ac¢ounial for on an accruals and has" bcen clas5ifJed under hcadin85 thai aggregate all cosi Tel￿ed to the category. whe￿ cost5 cannot be dIr￿llY atlribuled to panicular headings have been all0￿¢d to xtiviiies on a b&si5 consislent with the uye or resources. Tix•¢Son The charity is ex¢mN from on its charitable xtivitie& Fund aceovDtiDg Unre%lriCted fund5 can be us¢d in xc0lda￿e with ihe dwÈ¢able (￿JeCtiveS ai the di5¢retion of the Restricted fU[￿S Can only be used for Wiojlar rtsThci¢d purpose5 Within ihe objects of IIK charity.Rsriciions arise when specifled by the donoror when funds a￿ raised for partieular restn¢ted purEKbses. Further explanatioTh of ih¢ naturt and puryx)s¢ of fund is includtyj in the tKrtes io the financial statements. c<)nlinued... THE EDII'ARD ROSE CHARITABLE TR￿ST NOTES TO THE FI.Y￿PIcJAL STATE%IENTS- ¢oniinu¢d FOR THE IEAR ENDED 31 IIARCH 2021 ACCOUNTING POLICIES- fODtiThued Cash And ca5b equiv*lent5 C&sh and c&sh equiva]enis includ¢ cash in har￿. dcrK>sits held at call with banks atsd oiher short lernj liquid investments with original maturilies of three monihs or Iw. FinAnti•l instruments The Charity only enieTS into basie financial inslruments Irdnsx1ioNs that rtsuli in ihe rttognition of fjnaneial &S5et5 and liabilities like Ir* and other xcounts rw¢ivabl¢ WKI payabl4 IoAns from banks and thh¢T third parties and loans io related partics. Financial &55ets that arc M￿SUred at CO￿ aTwJ amorti¢td cost are assessed • the end of each reportirtg period for objeciive evideDce of impairnieni. If obj¢aive evidence of impdirmeni is fountl an impairni¢ni Ioss is recoyiscd in the income statemeni. Se¢tion PBE34.90 ￿ PBE34.97 of FRS 102 ￿lOwS PBE io reco8ni5e cve arc follows.. ttKoming Resource5 expended Movemcnl in fund% UnresirS¢ied fundi Gcncral fund 148.688 136.3051 112.383 TOTAL FUNDS 148.688 136.3051 112.-383 12. RELATED PARTY DISCLOSURLS During ihe year ihe tnL4 reC￿Ved a d0T￿tIOn of £39.(4X) fmrn Aldwyeh Homes Limiied 12020 £110.0001. a company in which a Irustee D Feliham is maierially intere#d in 8$ a direaoT. Donations i￿alling £nil were ￿$0 Tw¢ived from Eden Hope Limitrf a company in which the iws¢ owns the entire sharc capital. Included wi¢hin o¢her debiots a the $￿emen1 of flnancial position date 15 an amount of £1382(K>12020- £135.3861 due from Eden Hope Limited. A150 includcd within other dcbtor5 8t the sta*mcnt of financial w)5ition dale is an amouni of £50012020 - £5001 due from Nonon Pla¢¢ Limited. a company in which ihe B Feliham Retirernenl BcnefLI Scheme own% the entlre 5haTe capital. The tN*ees of ihe are al￿ iN*ees and benefi¢iari¢s of ihe B Feliharn Retirement Benefit Schem¢. Included in ITth creditor5 falling duc within one year are amount% of £318 12020 £1881 and £750 (2020 £1.250I duc io B Feltham (Maintenance) Limiled and Feltham Management Limi¢ed. Companies in which a tnis1ee, D Felth2m 1% maerially intertsred &$ a direaor. Durin8 the year ihe trust wa5 charged £2.676 12020 £2.4671 for managernenl coms from Feliham Management Limited in r¢speth of managing ihe properties of ihe si and was charged £1.9341?020. £22.9711 from B Feltham (Maintenance) Limited in respect or property repairs. The above loans aTe intcre5t free atwj rqmyable on dcmand. 12 continued... THE EDM'ARD ROSE CHARITABLE TRUST NOTES TO THE FJNKNCI..%L STATEIIE.NTS- continued FOR THE I'EAR ENDED 31 NI.4RCII 2021 13. ULTIIIIATE CONTROLLING PARTY The charity is joinily wniroll&l by I￿ in￿tt$. 13 THE EDI4'ARD ROSE CHARITABLE TRusr DETAILED STATE%IENT OF FINAf*CIAL ACTIN'ITIES FOR THE I'E.4R ENDED 31 IIIARCH 2021 2021 2020 IP4COME AND EP4DOWMEf*TS IYonation$ #nd kgacl Donaiions receivable 39.IXKI 115,81K) IDvestment In¢om¢ K¢nts rweiv¢d J5ffi81 32.888 Tot•1 IncomiDg re50uree5 74,681 148.688 EXPENDITURE Inve$tmeNt m*n*gement eosii Coun¢il lax Property repairs Insurance Management charges Heat and light 217 23.671 300 2.467 73 3SO 2Jb76 4.610 26.728 Ch•rlt8ble *rtlvlfles Donaiion% 10 iniiiiuiion 3J50 5.150 (hher Legal, profNional arhd m8M8emeni ftts JA62 1.920 Support costs Fln*D¢¢ Bank charges Governance t￿1$ Accountancy s¢rvic¢s 9.550 2,5(K) Toial resou￿¢5 expended 19.179 36,305 Net Income 5k9b2 I 12.383 Thi5 Wage d(x5 not form part of the ststutory fiTwKial statcmcrtts 14