Charity reglstratlon number 1074447 (England and Wales) The Edward Rose Charitable Trust Annual report and unaudited financial statements For the year ended 31 March 2025
The Edward Rose Charitable Trust Legal and administrative infromation Trustees Mr D Feltham M Feltham Mr S J Feltham Ms J E Feltham Charlty reglstratlon England and Wales 1074447 Prlnclpal addre99 20 Aldwych Avenue Rusholme Manchester M14 5NL Independent examlner DJH Bury Limlted The Exchange 5 Bank Street Bury Lancashlre BL9 ODN
The Edward Rose Charitable Trust Contents Page Trustees, report Independent examiner's report Statement of flnanclal actlvltles Statement of flnancial position Notes to the financial statements 7-13
The Edward Rose Charitable Trust Trustees, report For the year ended 31 March 2025 The Trustees present their annual report and financial statements for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out in note I to the financial statements and comply with the Trust's governing document, the Charitie5 Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective l January 2019). Objectlves and activities The main aim of the charity is to provide practical assistance to disadvantaged young people through bringing people together, living and working in a close community network. The trust hopes to do thi5 through obtaining a number properties in close access to each other with supported living settings and by issuing grants to other local institutions with the same objects. It is thought this will help assist easier integration with the wider neighbourhood and therefore create and maintain important links wlth individuals and groups. Public benefit The Trust was estsbllshed for the benefit of young disadvantaged people in the Greater Manchester area with the objective to provide them assistance and support to Ilve and be Integrated wlthln the wlder community. Achlevements and performanc• Significant activities and achievements against objectives Throughout the year, a property has been let to disadvantaged young people, providing them with a place to live and work together. Flnanclal review The charity received donations in the year totalling £32,300 (2024: £9,200) and made donations to institutions of £1,100 (2024: £10,100). Investment Income of £51,652 Increased from that of £37,704 in 2024, being rents received. Expenditure Increased durlng the year to £42,863 from £28,959, mainly due to repairs. Overall net Income for the year was £41,089 compared to £17,945 in 2024. Unrestrlcted funds at the year end were £1,103,519 (2024: £1,062,430). The Trustees are satisfied that all of the charity'5 assets are stated in the statement of financial position in accordance with the charity's accounting policies as stated on page 7. In line with good practice the Trustees continue to develop internal systems, support tenants, implement, review and amend policies in order to improve services and ensure that the charitable objectives continue to be met. Going concern After considering the role of the trust within the wider community and risk management, the trustees have reasonable expectation that the trust have adequate resources and cash flow5 to meet their spending commitments for the foreseeable future. The trustees have considered the impact of the current economic outlook on the trust and recognise that the future cannot be predicted with certainty. The trustees expect the trust to continue receiving investment income during this time and will continue to monitor and where possible reduce costs. The trustees believe that the trust is well placed to face the risks at these challenging times and therefore continue5 to adopt a going concern basis in preparing these financial statements.
The Edward Rose Charitable Trust Trustees, report (continued) For the year ended 31 March 2025 Reserves policy The trustees have examined the need for free reserves and consider that, given the nature of the charity's work and its commitment, the level of free reserves should be such as will enable the charity to meet its commitments for the foreseeable future. The level of reserves considered to be required at any one time is £3,500. The charity continues to use the properties to generate rental income for the charity to use and create free reserves and enable it to meet its commitments going forward. The statement of financial position shows total reserves of £1,103,519 (2024.. £1,062,430), of which the total represents unrestricted funds which is for the support of the charity objectives. Free reserves are £537,209 (2024: £496,120). Investment policy The trustee's policy for monles not Immediately required for the day to day operation of the trust may be held in Investments, securities or property. Funds may also be loaned to other trusts to be used in line with the charitable objectives where these are considered to be the same. As at the year end the charity had advanced monies totalling £379,822 to a trust with the same charitable objectives. Plans for future periods The charity is considering acquiring additional properties in the forthcoming years, with a view to create a community network for providing a5515tance to disadvantage young people in a supported environment. The trust will continue to make grants and donations to similar institutions as and when donations are received to make this possible to provide further assistance. Structure, governance and management The charity is controlled by its governing document, a trust deed dated l August 1997, as amended by supplemental deed on 3 June 1999. The Trustees who served during the year and up to the date of signature of the financial statements were: Mr D Feltham M Feltham Mr S J Feltham Ms J E Fellham Recruitment and appolntment of trustees The Trustees are appointed to ensure that the relevant skllls and experience are in place to execute the charity's aims and objectives. They are ultimately responsible for the policies, activities and assets of the charity and they meet frequently to review developments of the charity's activities and make any important decisions. When necessaryl the Trustees seek advice and support from the charity's professional advisers including property consultant5, investment managers, solicitors and accountants. The day to day management of the charity's activities, and the implementation of policies, Is delegated to the appropriate member5 of the Trust. Risk management The trustees have a duty to identify and review the risks to which the charity 15 exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The trustees have examined the operational and business risks which the charity faces and confirm that they have established systems to mitigate the significant risks.
The Edward Rose Charitable Trust Trustees. report (continued) For the year ended 31 March 2025 The Trustees, report was approved by the Board of Trustees. Mr D Feltham Trustee Date: 2.6..- 01 _ 2026
The Edward Rose Charitable Trust Independent examiner's report To the Trustees of The Edward Rose Charitable Trust I report to the Trustees on my examination of the financial statements of The Edward Rose Charitable Trust (the Trust) for the year ended 31 March 2025. Responsibilities and basls of report As the Trustees of the Trust you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011. I report in respect of my examination of the Trust's financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examlner's statement Your attention 15 drawn to the fact that the charlty ha5 prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their flnancial 5tatement5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on l April 2005 which is referred to In the extant regulations but has now been withdrawn. I understand that this ha5 been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice. I have completed my examinatlon. I conflrm that no matters have come to my attentlon In connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the Trust as required by section 130 of the Charities Act 2011. the financial statements do not accord wlth those records; or the financial statements do not comply with the applicable requirements concerning the form and content of financial statements Set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn In this report in order to enable a proper understanding of the financial statements to be reached. Rlchard Askey FCA DJH Bury Limited The Exchange 5 Bank Street Bury Lancashire BL9 ODN 27 January 2026 Dated:
The Edward Rose Charitable Trust Statement of financial activities Including income and expenditure account For the year ended 31 March 2025 Unrestrlcted fund8 2025 Unrestrlrted funds 2024 Notes Income from: Donations and legacies Investments 32,300 51,652 9,200 37,704 Total Income 83,952 46,904 Expendlture on: Charitable activities 42,863 28,959 Total expendlture 42,863 28,959 Net income and movement In funds 41,089 17,945 Reconciliation of funds: Fund balances at l April 2024 1,062,430 1,044,485 Fund balances at 31 March 2025 1,103,519 1,062,430 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The Edward Rose Charitable Trust statement of financial position As at 31 March 2025 2025 2024 Notes Fixed assets Investment property Investments 566,309 566,309 io 566,310 566,310 Current assets Trade and other receivables Cash at bank and in hand li 540,639 52 498,871 396 540,691 (3,482) 499.267 (3, 147) Current liabilitles 12 Net current assets 537,209 496,120 Total assets less current liabilities 1,103,519 1,062,430 The funds of the Trust Unrestricted funds 13 1,103,519 1,062.430 1,103,519 1,062,430 The financial Statements were approved by the Trustees on ,.2..6.-p/-2026 Mr D Feltham Trustee
The Edward Rose Charitable Trust Notes to the financial statements For the year ended 31 March 2025 Accounting policies Charlty Information The Edward Rose Charitable Trust is a charity regulated by the charity commission since its registration on l March 1999. 1.1 Basis of preparatlon The trust meets the definition of a Public Benefit Entity ("PBE") as set out in FRS 100, and therefore apply the PBE prefixed paragraphs in FRS 102. The financial statements contain information about The Edward Rose Charitable Trust as an Individual charity and do not contain consolidated financial information as the parent of a group. The charity has taken the option under section 139(2) of the Charitie5 Act 2011 not to prepare consolidated financial statements. After conslderlng the role of The Edward Rose Charitable trust within the wider communlty (descrlbed on pages 1-3 of the annual report) and rlsk management, the trustees have reasonable expectation that the trust has adequate resources and cash flows to meet its Spending commitments for the foreseeable future. The trustees have considered the impact of the current economic outlook on the trust and recognise that the future cannot be predicted with certainty. The trustees expect the trust to continue receiving Investment income during this time and will continue to monitor and where possible reduce costs. The trustees believe that the trust is well placed to face the risks at these challenging times and therefore continues to adopt a going concern basis in preparing these financial statements. The financial statements are prepared in sterling, which is the functional currency of the Trust. Monetary amounts in these financial 5tatement5 are rounded to the nearest £. The financial statements have been prepared under the hlstorical cost convention, modified to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approvlng the flnanclal statements, the Trustees have a reasonable expectation that the Trust has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the Trustees In furtherance of their charitable objective5. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Trust. 1.4 Income All income recognised in the Statement of Financial Activitie5 once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
The Edward Rose Charitable Trust Notes to the financial statements (continued) For the year ended 31 March 2025 Accounting policies (Continued) Cash donations are recognised on receipt. Other donations are recognised once the Trust has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on recelpt or otherwlse if the Trust has been notified of an Impendlng distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. 1.5 Expendlture Liabilities are recognised as expenditure as soon as there is a legal or constructive obligatlon committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular heading5 they have been allocated to activities on a basis conslstent with the use of resou rces. 1.6 Investment property Investment property is Initially recorded at cost, which includes purchase prlce and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in income and expenditure. 1.7 Non-current investments Fixed a55et investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred. Investments in subsidiary undertakings are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses should there be any dlmlnuatlon in value in the opinion of the trustees. 1.8 Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposits held at call wlth banks and other short term liquid investments with original maturities of three months or less. 1.9 Financlal Instruments The charity only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other account5 receivable and payable, loans from banks and other third parties and loans to related parties. Financial assets that are measured at cost and amortised cost are asse55ed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recogni5ed in the income statement. Section PBE34.90 to PBE34.97 of FRS 102 allow5 PBE to recognise concessionary loans at the amount paid/received with subsequent measurements being the carrying amount adjusted for any accrued interest receivable or payable. Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled.
The Edward Rose Charitable Trust Notes to the financial statements (continued) For the year ended 31 March 2025 Accountlng pollcles (Continued) Basic financial assets Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amort15ed c05t using the effective interest method unless the arrangement constitutes a flnancing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial a55et5 classified as receivable within one year are not amortised. Baslc flnanclal Ilabllltles Basic financial liabilities, including trade and other payables and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financia I l labilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, uslng the effectlve interest rate method. Trade payables are obligatlons to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as cu rrent l iabi lities if payment is due within one year or less. If not, they are presented as non-current Ilabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognltion of financial liabllitles Financial liabilities are derecognised when the Trust's contractual obligations expire or are discharged or cancelled. Crltlcal accountlng estlmates and Judgements In the application of the charity's accounting policies, the trustees are requlred to make estlmates and judgements. The estimate5 are based on historical experiences and other relevant factors. Actual results may dlffer from these estimates. The estlmate5 are continually evaluated. Revisions to accounting estimates are recognised in the period in which the estimate is revised. The estimate5 and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are outlined below.. Determining the value of investment property is considered to be a key judgement, making allowances for impairment where necessary. Income from donatlons and legacles Unrestricted Unrestricted funds 2025 funds 2024 Donations and gift5 32,300 9,200
The Edward Rose Charitable Trust Notes to the financial statements (continued) For the year ended 31 March 2025 Income from investments Unrestricted Unrestrlcted funds funds 2025 2024 Rental income Interest receivable 51,652 37,636 68 51,652 37,704 Expendlture on charltable actlvltles Total Funds Totsl Fund• 2025 2024 Dlrect costs Rates and water Insurance Management charges Legal fees Donations Property repairs HMRC Penalties 500 900 311 600 3,191 I,ioo 34,554 172 3,556 io,ioo 10,962 39,828 26,121 Share of support and governance costs (see note 6) Governance 3,035 2,838 42,863 28,959 Analysis by fund Unrestricted funds 42,863 28,959 Support costs allocated to activities 2025 2024 Governance costs 3,035 2,838 Analysed between: Total Funds 3,035 2,838 io-
The Edward Rose Charitable Trust Notes to the financial statements (continued) For the year ended 31 March 2025 Support costs allocated to activities (Continued) 2025 2024 Governance costs comprlse: Accountancy 3.035 2.838 3,035 2,838 Trustees None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Trust during the year. Taxatlon The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. Investment property 2025 Fair value At l April 2024 and 31 March 2025 566,309 In the oplnlon of the trustees the falr value of Investment property Is equal to hlstorlc cost. 10 Fixed asset inv•stments other Investments Cost or valuatlon At l April 2024 & 31 March 2025 Carrying amount At 31 March 2025 At 31 March 2024 2025 2024 Other investments comprise: Notes Investments in subsidiaries
The Edward Rose Charitable Trust Notes to the financial statements (continued) For the year ended 31 March 2025 10 Fixed asset investments (Contlnued) Fixed asset investments represent a IOOO/o shareholding in Eden Hope Limited, a company registered in England and Wales. The company's principal activity is that of an investment and property holding company. 11 Trade and other recelvables 2025 2024 Amounts falling due within one year: Amounts owed by subsidlary undertakings Other receivables Prepayments and accrued income 157,969 1,005 1,843 150,737 512 160,817 151,249 2025 2024 Amounts falling due after more than one year: Other receivables 379,822 347,622 Total debtors 540,639 498,871 12 Current Ilabilities 2025 2024 Trade payables Other payables Accruals and deferred income 600 600 47 47 2,835 2,500 3,482 3,147 13 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated fund5 which have been set aside out of unrestricted fund5 by the trustees for specific purposes. At l April 2024 Incoming resources Resources At 31 March expended 2025 General funds 1,062,430 83,952 (42.863} 1,103,519 12
The Edward Rose Charitable Trust Notes to the financial statements (continued) For the year ended 31 March 2025 13 Unrestricted funds (Contlnued) Previous year: At l Aprll 2023 Incoming resources Resources At 31 March expended 2024 General funds 1,044,485 46,904 (28,959) 1,062,430 14 Related party transactlong During the year the trust recelved donations of £17,300 (2024: É9,200) from Eden Hope Limited, the subsidiary company. In addition, donations totalling £15,000 (2024: £nil) were also received from A Rose Limited, a company in which the trustees have a beneficial interest. Included within other debtors at the statement of financial position date is an amount of £157,969 (2024: £150,737) due from Eden Hope Limited. This advance is unsecured, interest free and repayable on demand. During the year the trust was charged £312 (2024.. £nil) by Feltham Manchester Lettings Limited in respect of property management services and was charged £23,689 (2024: £9,814) by B Feltham (Maintenance) Limited In respect of property repairs and accountancy support. Trustee, D Feltham, is materially interested in both companies as a director. 15 Ulitmate Controlllng Party The charity 15 jointly controlled by the trustees. 13