2024-12-31-accounts

THE ROCHD.4LE CHILDREN'S NlOORLA￿D HONIE Trustees Report Financial Statements Year Ended 31 December 2024 Charits, No. 1086973

CONTENTS Pa(Fe Report of the Trustees Report of the Independent Examiner Statement of Financial Activities Balance Sheet Notes forn]ino part of the Financial Sialements

THE ROCHD.4LE cHILDRE￿"s NIOORL_4ND HONIE YEAR EN'DED 31 DECENIBER 2024 TRUSTEES J.D. Rigg N Butterworth R Sielling JLaw R Nicholson PRINCIPAL ADDRESS Nab Farni Barnfield Lane Wardle Rochdale Lancashire OL12 9PN l￿DPENDENT EL4IIIIINER M. J. Pickup.. FCA PKW LLP Cloth Hall 150 Drake Street Rochdale Lancashire OL16 IPX BANKERS Vir(5in Money 9-1 l Yorkshire Sireet Roclidale OL16 IBL

THE ROCHD.4LE CHII.DREN'S IIOORLAND HONIE RF.PORT OF THE TRL"STEES FOR THE I E.4R ENDED 31 DECEIIBER 2024 The T￿.￿t¢¢$ pr¢8¢nt tlicir r¢pon roLTrether m.ith the accounts for thc ended ti l DLYember ?U?4 The Trn4iLYS hai¢ adopiLd tlie prciii5ic)n5 Ot thL SiatLnnLnt Lif RLYI)mmended Prdcticc (SORP) '"Accoun(inti and Reportino b!. Charities ' (FRS 10?) in preparino the annual report and financial stalL￿nLALI ol. th¢ charity. Objectii-es and actii'ities Th¢ Lharit). il'a) tomiLid b}. Irust deed on ?4 Jun¢ 19?4 to proi'ide a home for the Pk afier the oeneral administration. All actii'itiei are carricd out on a voluntary basis. Risk" The ￿{anag¢m¢￿t Commiiicc r￿'leW poteniial risks and opportunitics to ensure ihe ctwiry coniinlles io satisfy its objcciiK'es. During the yedr, the ti5k and opwrtunity rcgisier {to miiiuaie risks thai could Jeopardise thc continuation of the chariiy and to identify opportunities to ¢nhanc¢ th¢ ¢harity') ￿'aS revIe￿ed and updated. All nccessary communicaiions. procedures and policies wcr¢ followed. Ther¢ iver¢ no complaints raised in 20?4. Achiei'ements and Performance It w'as a tull and busv Wlth staft-and i'olunteers pullino lou￿her (o en%ure ￿"e contiiiu¢ to do what we do be51. The o¢cupancy ratino 'ab 93'1n t()r th¢ ycar. We catLred for 921 ind1￿.1dUa1 children aTJd 276 5UPPOrt ￿'Orker&.1￿ache[S from 14 different %hools and instituiions. The ￿'0[Urne of day and ovemiLTht stays ￿'aS ab lolloi%'s'. 760 day sta}'s for childrLm. 73) day siaN's l-or adult >UPP()Tt and t￿chIng pcrsonnel. 81H oi'emjtsht slay% for childrcn 78 01.￿1ght stajs tor aduli ieachino and support personncl. Public Bellefit Statement The home pioi'ide5 sub>idised sm'ices to local sch(K)Is and social srnic¢s for thc benetii of the w)pulation ot Rocl)dale Metropiliian BoTough and sutToundino dislricts. The Tmstccs confirni that Ihev hai'e refLYfLxi 10 the guidanL¢ Colltaincd in the Charitv coTn￿E￿￿Ion¢r s Gcncral Guidance tsn public bl￿<t1t i%.hcn rn icwing the charity's aims and objcctions.

THE ROCHD.4LE CHILDRE.N'S IIOORL.IND HOIIE REPORT OF THF. TRI"STEES CONTISL ED FOR THE I'E.&R E.NDED 31 DECE.%IBER 20?4 Ini'estments and resernes Ini"estments hai"e mdinli, built up bequestb oier the i&irs. ThL￿t arL profE￿)iDna]l￿. nianaged. bl. Rathixine Ini"e5tnient NIanageniL￿i, ai) a disLfLtionaTr bails. The TrustLX's hold on deposit a resen"e lund i¥"hiih may apptdr hieh at the ￿tar end ￿ hen the HL)nie is ili)sed but 15 required ￿'11¢D the home re-opens in rhe Sprinu and hai sUtTiiieni resen'es io ensure the m￿lum-[c￿n LoniinuiN of ihe holme. Plans for future periods The foius lor ?U?i li lo rdi5e fuTEds to undertak¢ Phase ? of our pla1.￿und refurbi5htnent prografflme i.e. to install a ne￿. si.￿atUre ilitnbing tramL Iii rLplaiL IIIL liollii HiliiOPtLY ihai iiill k demolished befL)re ihe )n) j sWd&)ns L)pen. Trustees, responsibilities statement The tFU5t¢es ar¢ reiponsible for prepa￿nts the TTUStees .4nnual Rtport and the financial stJtetntnt5 in aLcordance with appliLdbl¢ la￿ and UniiLd Kinudom ALLouniin(F Siandards {United Kinodom GLmerdllv ALLepi&l AcLounting Practice). The laii. appli¥abl¢ to iharities in England & Ivales requires rhe irusrees to prepare financial statements for eaih finanLial year 14,hich oji'e a true and lair vieiN' ot the state of aftairs of thL charity and of the inioming rL￿oUrCeS and appljiation of r￿oUrc¥S nf thi charity tor tliai peri(MJ. In preparing these finaniial statements. the ttustees 2re ILNUilLMJ til-. seleLt suitable aLLountÉng tx)IILies and then applv thetn consist¢ntlv: obien'e the methods and priniiples in rhe Chariiies SOIiP ?0 li (FRS10?}- make judgLtEicri15 and L￿ti￿all5 th3t arL ieaionablE and PrudE￿I.. stati ii'hLihLY appliLablL accounting srandards haN'¢ been folloii.'ed. subject io any material departures disclos￿ and explained in the finuniial statemenL4: prepare the financial statements on the going concern basis unltss it is inappropriate io presume that thi ¢haritv i¥ill continue in opLration. The irusiLX'S are responsible for k¢q)In(F pro￿￿ accouniino rnlords thai disclose ii'iih rvdsonable acLuracy ai anv lime the finanLial w)sition of IIIL Lharit!. and enabli thLm to cnsurl thai thL finaniial >taremenL% complk ￿'11h die Chariiies Ail ?01 l. tl)e charit￿ {ALiounis and Reponsl Retsuldtions ?008 &nd the prui"isEons ot the trust degd. Thev are also responsible for safeguarding die a55tts of the charitv and h¢nc¥ for iakino re￿onable steps for (he prevention and deteition of fi2ud and other i￿egUlaritieS. Sitsned on behalf of the trllstees TRUSTEE J. Law TRUSTEE ? April ?0?5

IJDEPENDENT EU)IINER'S REPORT TO THE TRL'STEES OF THE ROCHD.4LE CHILDRE)'S IIOORL.4ND HOIIE I report lo the charity Iruslees on MN, e_xamination of Ihe accounts of the charity for the Vear ended 31 Deceinber 2024 wliich are sel Out on paoes 4 to I l. Responsibilities and basis of report As the cliarlly s trustees you are responsible for the preparation of Ihe accounts in accordance with the requirements of the Charities Act 2011 ("the Act.). I report in Tespect of my examination of the charit￿. s accounis carried out under section 14) of the Act and in carryin(y out mv examination I haN'e followed all the applicable Directions given by Ihe Charity Commission under section 145(i)(b) of the Act. Independent eiaminer's statement I ha￿¢ completed my e.xamination. I confirnl thal no maierial matters hawe come to my attention in connection with the examination giN'ing me cause lo beliefv'e that in any tnaterial respect- accountin(F records Th'ere not kepl in respect of Ihe chariiy as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with Ilie applicable requirements concerning Ilie fonn and content of accoiints sel out in the Cliarities (Accounts and Reports) Regulalions 2008 other than any requireinenl that the accounts oii'e a "Irue and fair i-le1￿ ii-hich is not a maiter considered as parl of an independent examination. I have no concerns and have come across no other matters in connection with the e.xamination to wliicli attention should be dra￿1 in this report in order to enable a proper understandino of the accounts to be reached. Michael J Pickup FCA PKW LLP Chartered Accounlanis Cloili Hall 150 Drake Street Rochdale OL16 IPX 2 April 2025

THE ROCHD..ILE CHILDRE%'.% IIOORL.IND HOIIE -ST.-ITE.IIEf*T OF FIN..LNCI.4L .4cri%'iTIES FOR THE I'E.4R E%DING.11 DECEIIBER ?0!4 Notes Incoming resourres Irorn getherxted fllnds= Iniesimeni Incotnt Doni?liuns and other ￿nd rai5inb Income trom Land i4.116 li I,iOO 83,)97 Re5ouries Eipended ch￿1n12b]e A¢iii'ities GoiemanLe 68.149 9.138 91.606 8.)48 Total Resourtt5 Eiptnded 100.154 L'et IOuÈgoinEYlncoming Rey)ur¢es li.9061 116,ii71 CAIn￿[LOsseS) OD Ini'e5rment Equities Cioi"ernmeni st￿K. Unli Trus￿ Aliemaiiie5 &. Fixed Intertst 51.749 16,69)) 1?.481) 49.)68 16.69)) Unrealis¢d- Equiiles )Nemtneni Stocks 41,668 1,44 19)91 966 Unil Tru5S AIEernati%'e5 & Fixed Inieresi 43,174 ilet Ilo%'ement ltt IllTre5ttnents 36,479 er Ilo%ttnent in Fund5 19,97? und Balanre 8t l 21b?4 77) 1?4 nd Balance At 31 December 2024 874.667 There ilctf ¥Tain5 or10s%eR other than ihose rwned akni'e. All ol'ihc aboie amounts re13le to continllinsk aciiiiiies The noits on pa¥Ys 6 EO I I form pan of these financial siaiements

THE ROCFID.4LE CHILDREN'S %IOORL.4ND HONIE B.4L.4NI CE SHEET.4S .4T 31 DECENIBER 2024 90?4 7073 Notes FIXED ASSETS In￿estMentS 710.!47 7ii,790 Ground Rents 711,540 7J7.08J CURREIYT ASSETS Cash at Bank &. in Hand Other debtors 112.444 i4,591 570 710 8?4.694 792.244 CURREINT LIABILITIES Other creditors 1271 11981 8?4.667 797 046 Represented b}.: Unrestricted Funds General Fund DesI￿ated Fund 8?4.667 792.046 8ty4.667 These financial 5 tetryents were approfved by the Trustees on 2 April ?025 J.D. Rigg TRUSTEE JLaw TRL'STEE The notes on paue% 6 to I I form part of these accounts

THE ROCHD.4LE CHILDREN"S IIOORL.4ND HOIIE NOTES TO THE .4CCOLN4TS FOR THE I"E.4R E.%DED 31 DECEIIBER ?0?4 I. ACCOUNTING POLICIES Basis Of preparation ttnd assessment of going concern ThL acLounts (financial ilatLYllLnt¥l hai"e been prepared under the hisiorical CO51 coni"¢ntion ￿"11h iiLYiis rLYounis¢d ai Cosi or Iraiisactioii alue unless Otheni'iie siatid in the ieleN"ani note {sl io th￿¢ accounts. The financial siat¢ni¢nts haie been preparcd in accordttnLe Mijili tlie Statancni ot ReLommended Pracric¢'. .4cc()untiniY and RLTroninu bl, Chariti(s prLyarino tlieir accounLS in aLLordancL li.iih tlJe Financial Report Standard appliiable in the UK and Republic of Ireland (FRS I O?) issucd on 16 Julv ?014 and rh¢ Financial Reponing Standard applicablL in the Unitcd Kingdom and Republic of Ircland IFRS 10?) and ihe chariti￿ Act ?01 l. Thc trust con.%titutts a public benefii eniiry as delined by FRS I O? The tinanLidl btatLTnLmts are prepared on a goinf) Loncem basis und¢r the histotscal cosi coni'cnrion. Tnodified to include ccrtain itLYns at fair i'alue. Tlie liRancial statements are pre5cnid in stLYlinrT M"hicli 15 the functional ¢UTrencJ of ilie charity and rounded to tl)e nearcst £. Fund AecountitRg- Unrestricted funds Gineral funds are available for usc at the discrdion of thc trusiec5 in furthLrance of ihe ueneral 0bjccti￿.ts of the charity. Desi.tynated fund5 are unr¢%tricted filnds ihai havc bcuj ￿[Marked by the Trustc&s for parti¢ular puq)oses. Income Recognition Voluniary income including dontttions and <Frants that proNide core fundino or arc ucncral in nature are reco<Fnised ￿'here there is entitl<ryncnt, rertainty ol receipt and the arnount can bc nicasurcd i%"ith sutliciLmt reliabilirv. Sucli ipcome is Onl￿ deferred wli¢n'.- Th¢ donor specifies rhat the gnnt or donation musi onlv be uscd in future aecountinLTr plrods, or Tlie donor has iTnpos￿l condirions ￿'hICh musi be met belore the charity ha5 unc(ffldiiional entitlcment. Income trom challtable actii'itio4 includes incom¢ receii'ed under contract where entitlement to <fdnt fundina is subject to specific pertorniance conditions being rLYoonised. Grani income includd in this caiegorv provid£s tundino io charitabl¢ activities and is rc¢ogt)ibed ll,here there is entitlanenu certainty ol-reccipt and amount can be measurcd w'iih suftiiient reliabiliry. E.Ipenditure Recognition Direct charitable expendiiure is accounted for u'hcn paid by the ￿stee5. CharitablL actil'iries includ¢ cxpEnditure incurred ￿'h¢n undcrtakints charitable aci1i.iti￿ and include both direct costs and support costs relatin(r 10 ihese actii.iti • Goi'emancc costs iN¢lude Ihose InCu￿ed in th¢ goi"ernance of the chariry and its a55¢ts and are primarily associated with conbtrnctional requirancnts. Support costs inLlude cenrral functions and hai.'e been alliKaied to actik'ity cost cateoories on a basis consistent with the use of rLsources c.g. stitt. ¢Oits bv ihe time speT)t and other costs by their usagc. Investment5 Investmenrs are shown ai market N'alue ai the balance sheet date. Ground Rent5 Ground Rents arc in¢luded in Ihe tinancial siatLYn¢nts at COSL Realised Gains & Losses All tsains and10&s¢E ar¢ taken 10 the StaiLm]ent of Financial Actii"iiies as ihey aris¢_ R¢alised uains and losscs on Inw'e*tm¢Hts are calculated a.4 th¢ dstlerence be￿'een sales proceeds and iheir operbing (arryinu i.alue or their purchasc ￿alue if a¢quired subsequent to the first day of the tinancial yur. Unrealibed uains andlossei are calculatcd as thc ditTerence betH'een the fair valu¢ ai the year end and their carrying value. Rtralised and unrealised in&￿tmen1 gain5 and10sses are combined in th¢ Statemeni of Financial Acrii'itics. Inl'estment Income and Interest Receiied Ini'estnicni Iniun)i and intLYLbl is aLLounicd lor on a receii'ed basis.

THE ROCHDALE CHILDRE.N'S IIOORL.4ND HOIIE NOTES TO THE ACCOLINTS FOR THE I'EAR ENDED 31 DECEIIBER 20?4 2073 2 INI'ESTIIENT I)L COIIE Dii'idends Interest Ground Reni Receii'ed 14,83? 933 15.997 904 li.76) 16.916 3 DO.N.4TION.4L AND OTHER FLThU) 114ISIL)G Donations Fund Raising 54.116 6).048 133 54,116 6),181 4 DIRECT CH.4RIT.4BLE EXPENDITLIiE Charilable GoN'ernance AciiK"itics Total Total Properti. Costs: Rates Insurance Heal and Liaht 2.133 i.930 2.133 5.930 6,772 i,781 3,287 5,)85 9.159 6,569 Repair5 and Renew"als Support C05ts: Food Entertainment Employment Stockbroker Fees Accountancy Printing. Stationery and Computer Costs Telephone and Tele￿.1510n Sundrv Expenses Property Impro¥'eTnent Costs 5.781 5.?4) 4.883 3,04? 30,811 6.078 2,470 i3) 1.66A 33,7?0 6.430 2.708 i69 6.430 2.708 569 2.108 3.04) 2.108 3.04) ?3,6)8 68.149 9.138 77,?87 100.154

THE ROCHD.4LE CHILDREJ'S IIOORL.4JD HOIIE NOTES TO THE ACCOL:LITS FOR THE I"E.4R ENDED 31 DECE.IIBER 2024 5. I￿￿,ESTI%1EliTs a) Quoted at maTk'et Tr'alue Equitie Unit Trusts. Alternative5 & Fixed Int¢r¢st British Goi'emtnent Stocks 671.836 664.788 3i,557 37.445 i8.411 710.?47 7)5,790 0?3 b) ￿[OVeMentS in Equities As at l January ?0?4 stated at cosi IncreaseJ'{dccrease) in market value 5(A.940 99.848 61? 719 i7.180 Af at l Jdnuary 2094 at market vulue 664,788 66Y.899 Purchas￿ during the yrar .i6i 6i.696 907.3)3 73i.ilji Disposals dunno the year'.- Pro¢¢eds co.st at l January ?0?4 ?7j.j47 ??l.j98 104.780 111,475 l.i98) (111.4751 Realiscd GainilL0551 il.749 16,69)) Unrcalised Gaitv'(Loss) {13.9191 4?.668 Valuarion at 31 December ?024 671.836 664.788 c) ￿lOVe￿entS in Unit Trusts. Alternatii"es & Fi.xed Interest As at l January ?0?4 stated at cosi Increasei'ide¢rea5¢1 in marker value 3).769 35.ilo 11 ?73} As at l January 2094 at market value ii.ii7 Purchases during the ycar ?59 34.496 Disposals during th¢ yrar'.- Proceeds Co%t ai l January ?0?4 33.288 3).769 (ij.769) Reali_8¢d GaitV{Losts} 1?.481} Unrcalised GainllLoss) IYi91 Valuation ai 31 December 2024 i3,557

THE ROCTrIDALE CHILDREN'S TrIOORLAND HO￿lE NOTES TO THE ACCOUNTS FOR THE I'EAR E￿.DED 31 DECEL¥IBER 2024 ?0?3 d) ￿[OveMentS in British Goi'ernment Stoek- As ai l January 20)4 stated ai cosi Increa8el{decTease) in market value 35,569 1.876 14,131 430 As at l January ?0?4 ai market value 37.44) 14,561 Purchases durino the year 21.439 37.44) 36,000 Disposals during the year=_ Proceeds Cost at l January ?0?4 Realised Ga1￿(Lo55) Unrealised Gairb.'(Loss) 966 1,445 Valuation al 31 DeeembeT 20?4 38.411 37,44) 6. GROUND RENTS AT COST 20?4 ?0?3 Land- Hartley Street, Rochdale Land - Leamington Street and Redcross Sireei 378 915 378 915 1,293

THE ROCHD.4LE CHILDREN"S.IIOORL.4ND HO,IIE- TRL,STEES RECEivfs.4ND P.41 %IENTS.4CCOLNT FOR THE I'E.4R ENDED 31 DECENIBER 20•4 ?074 ?0?3 Bank Balances at l Janllar% 20•4 Cutrenl Accouni RaihlM)rtes Account 6.373 4.950 71.498 Receipt5 Donations Invesltnent Income Salts ot. InvLSlrn¢nts Ground Rent Received 16.867 104.780 15 Tran51¢r5 trotn Coinmllnity Ac¢oun¢ 500 JIX>.?61 1?? 163 3?1.7 j9 149,364 Pai'menis Repairs and RLnewals Pro￿rtV 1jnpro￿'e1￿e￿I C051S Grants to ￿lana￿Lment Committee Purchase of InN'¢stJnents Rate5 and Council Tax 489 41.1)00 ?6.nnO 8).394 ?.307 5.585 1.980 6.078 33 2?0.48? 1.849 tnsurdnce i.930 ?.￿0 6.430 918 AccouDlanES Fees SiLKkbroker5 Fe¢5 MisLellaneous 1?7.866 Balance5 Cajried Fon¥&tsl at 31 Ikcetnber 10?4 43,110 Bank Current Account Rathbones ilLcouni 4.637 6J7i 38.473 15.1?5 43.110 ?1.498 10

THE ROCHD.4LE CHILDREN'S IIOORL.4ND HOIIE- 11.4N.4GEIIEN4T co￿],￿]1￿EE RECEIPTS.4IND P.41 ￿lEsT5.￿CCOl￿T FOR THE I"E.4R ENDED 31 DECEIllBER 2024 013 Bank Balancef at l Jathuar)" 20?4 Bank Coinittunity ALcount loney Nlatjager Cash 19.863 ?3.9?? ?.818 1,335 41? ?15 3i.09i Receip15 Grant5. tTom Tn2siees 41.0 General Donation 54.116 65.046 Field Rental 1.51MJ Hoine Generated lttcom¢ Batth tniLrest 133 i) 33 96.671 129.764 118.194 Pai ment5 Food 4.883 30.685 Salaries Pension Contributions 1.049 Heat and Light PrintIng. Stationery and Cornpuier Costs Telephone and Televi%iort Repai￿ and Renem'ats Childtrn s Entertainineni 7.056 569 10.139 535 1.664 5.781 6.080 3.04? ?.846 IIscellaneous ?J76 Accountants. Fees 668 490 Trallsters to Community Account Ptoperty Itnproveineni C'osts 500 60.430 Balances Carried Forward at 31 D¢cembeT ?074 69.334 33,093 Bank Commurtity Account Community Diiectplus Account Money ￿lanager 45.989 ?9,863 90.￿)0 •.818 68.863 3?.681 Cash 69.334 33.093