Trustees Report
We as we are the board of trustees I've been part of and seen the struggles of the amazing charity the town Centre is declining the charity shop has very little football although we try although we do get donations of goods which is fantastic wishes are still being carried out but not as many as we would like due to the lack of funds and support we will carry on helping others for as long as we can all volunteers and staff do exceptional work exceptional work we would like to thank them for the dedication they've shown us over the last 20 years.
We hope we can continue this good work we do hope that things turn around and life gets a little easier thanks to everyone the board of
Trustees
Chairs Report
Hi to everyone our fabulous volunteers and staff all six of us 2024 so our building sold and we now only have ground floor the football in St town Centre has fallen dramatically this year and our income from Shop as tumbled we have not had any support from the people we help which would've kept us buoyant after 20 years of creating wishes The only wishes we have been able to fulfil our Football wishes which have been achieved by building a relationship with these clubs over the years this is a warning time after 20 years for the charity but we strive to keep your
Chair: William Duffy
Chafity regislrallon number.. 1109867 THE HONEYROSE FOUNDATION TRUSTEES, REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 JNB A¢cthmlarty Limited
The Honeyrose Foundation Contents Page Tru51ees' Report IrKlependenl Examiner's Report statement of Financial Adimlies Comparalive Slalemenl of FinancFal Aci1vit$ Slalemenl of Finandal Position Notes lo the Financial Slalements 12 The lollowing pages do not lom part of tha staiulory accovnts: Detailed Statement of Financial Actimt 13
The Honeyrose Foundation Trustees. Report For The Year Ended 31 December 2024 The Iruslees present their report anrj Ihe fmandal slalemenls for the year ended 31 December 2024. Objecfjv8s and A¢tivltles Alms and OblectNe5 To provide special days for people 40 years and above. a SLrfwirrfJ from a life IhTealenin9 or lerminal illness. in order lo give them and Iheir lamily special memories. Slgnlfl¢ant ActNities We have continued proyèding during year aThJ Vlil conb.nue Ihe good Y4Drk Ihat was started in 2004. Publlc Benorrt The Iruslee5 have continued lo expand the area covered for their aNns lo offer their Charitab works to the greater publlc. The InJ$lees confimi that Ihey have complied vth the (equirtnts of Section 17 of the Charilies Aci 201110 have due regard lo the Chlty Comnwssion's quidance on public benefit. Volunte•rs The truslees like to ihank al volunteers kn Iheir haed 4wrk and dethcalion. and have InSta1ed the volunteer of Ihe monlh award. AchI•mants and P&rfornianc• Maln Ach¥•m0nts The trustees have seen and experienced Ihe struggle5 of this amazing charity. The lown centre is dedining and has resulted in Ihe charity shop hawng very little foolfall. The truslees conbnue lo try and briThJ in donations and goo(Js for the shop. Wishe5 continue lo be carried oul bul not as many as we wjuld like. The charity 4%ill continue due to the support of its trustees and volunteers and staff who do excepts'onal work. The Irustees would like to thank all involved for their continued support. hope to conty"nt the great work of the Charity. Chalrman's Report 2024 saw our building sold by our landlord. We now onty have the ground lloor. The decline in Sl Helens town centre has had an impacl on shop income and that has an impacl on Ihe charity as a whole. We eonlint lo give V4i5hes however rnore and more wshes are reslricled lo out connection wilh lo¢al football teams. We have build slron9 lationShipS wlh loGal leams ovei a number of years. We strive lo continue the greal woik Ihal the ¢harity does bul wilh falling income aThJ other pre&sures il is getlirvj ever harder. Flnanclal Review Flnanclal Position The charity's activities expose it lo a numl)er of finaneial risks inthjding crerfil risk. cash Ilow iisk and IiqLridity risk. The use of financtal derivatives is governed by the Charills poliues approved by the board of Iwstees vknch provide written principses on the use of finanaal derivatives to manage these risks. TF d)arty does not w den"vatNe financial I1DJments for speculative purposes. Cr•dlt & Liquidity Risk The charity's principal finanual assets a bank balances and cash. trade ar¥J other re1VabS, and inveslments. The charitys uedil risk is primarily altribulable to its trade CeIVables. The amounls psented in the balance sheet a net of allowances for doubtlul receivables. An allowance for impaifmenl is made wheie the is an idenb.fied bss event lCh. based on previous experience. is evidertce of a reduction in the iecoverability of the cash flo. The ¢dit risk on liquid funds and derivalNe finanaal InstrUffnIS is limited because the Counlerparts are bank5 Wth high credit ralings assigned by internalional Credit rating agenaes. The charity has no significani concenlrab.on of uedil risk, wilh exp05we swead ovei a large number of counlerparls and cuslomers. In der lo maintain liquidily to en5UTe that suifiuenl furKla are avadable lor oi¥Joir¥J OFefations and futu developments. the thartty uses a mbxlure of long lerm and short temi debl finance. Further details regarding liquhlbty risk can be fOd in the Slalemenl of aCcoting poliaes in the financial stalemenis. Structuro. Gov•man¢• and Managment Page 1
The Honeyrose Foundation Trustees, Report (continued) For The Year Ended 31 December 2024 Governing Document The charity is controlled by ils govemiThJ docurr*nt. a deed of trust and cortslflutes an unincorporated charity. Reference and Administratlv• D•talls Trustees B Duffy L Barrow D Flennesreg0ry C Anders L McGfath L Stevens L Hurst A Worsley Gharity Number 1109867 Independent Examln•T Joseph Nathan Banni51er FCCA JNB Aecounlancy Llmlled Unil 3b Trident Business Centre Amy Johnson Blackpool FY4 2RP Page 2
The Honeyrose Foundation Trustees. Report {continued} For The Year Ended 31 December 2024 The Iruslees, port was approved by the board oftruslee$ and signed on its behall by". B Duffy Trustee 2511012025 Page 3
The Honeyrose Foundation Independent Examinerfs Report to the Trustees of The Honeyrose Foundation For The Year Ended 31 December 2024 I report lo the trustees on my examination of the accounts of Tr H(wrose FouThlation (the Trusll for the year ended 31 December 2024. Responslbllltles and Basis ol Report As the Charity trustees of the Trusl you are responsible for Ihe preparatton of the accoun15 in a¢1yanCe wth the reqifjrements of Ihe Charities Act 2011 nhe Acll. I report In respect of my examinatlon of Ihe Tru51's accounls carried oul under section 145 01 the 2011 Act and in carrying out my examinatson, I have fo¥sd the applicable Directions given by the Charity Commission ler seclion 145151{bl of the Act. Ind8pènd•nt ExamIneS Statem•nt I have compleled my exarrinalion. I confirm Ihat no mateiial matters have come lo my attention in connection wih the examinalion giving me cause to believe that in any material reSCt.. 1. accounling records bre Thil kept in of Il TTUSI as Wred by sedion 130 of Ihe Act,. or 2 the acco¢Jn15 do not accord with Ihose records.. or the accotjnts do not comply with the applicable requrements conceming Il* fom and contents of accounts set out in the Chaiities IA¢counls and Report51 Regulations 2008 oihef than any requiremenl that Ihe accounts give a Irue and fair vieW vknich is nol a matter ¢onsidered as part of an independent examinab"on. I have no concems and have come across no other matters in corwRclion with Ihe examination lo vthich allenlion should be drawn in this report In order lo enable a proper Understalir9 of the accoun15 to be Teached. Joseph Nawln Banrusler FCCA 2511012025 Unil 3b Tri¢Jenl Business cent Amy Johnson Bla¢kpool FY4 2RP Page 4
The Honeyrose Foundation Statement of Financial Activities For The Year Ended 31 December 2024 2024 2023 Unr•stri¢ted Restricted Total funds Total fund5 fvnds funds Motes INCOME AND ENDOWMENTS FROPIJ: Donabons and legacie5 Other ItadirYJ activities Olher 29.466 87,771 1,510 37.152 67,244 1,110 87.771 1,510 118.747 118,747 105,506 EXPENDITURE ON: Raising fund5 Charitable acb"vities". Other trading activities Other resouices expended Othef {1.7241 {1.724) 18711 1fj9,2581 13.1271 16,2491 (69,2581 13,1271 16.2491 176,3581 {3.6611 13,8431 180.3581 180,358) {84,7331 NETINCOME 38.389 38,389 20.773 NETMOVEMENTIN FUNDS RECONCILIATION OF FUNDS- 38.389 38,389 20,773 Total Ilsnds brought forward {23,13n 24,108 971 120.7781 TOTAL FUNDS CARRIED FORWARD 16 15.252 24,108 39.360 151 The noles on pages 8 10 12 fomi part of Ihese financial slaten*s. P•Je 5
The Honeyrose Foundation Comparative Statement of Financial Activities For The Year Ended 31 December 2024 2023 Unrestrietod R•strlct•d Total funds funds fLtnds Not•s INCOME AND ENDOWMENTS FROM: Donations and legaries Other trading activitses Other 37.152 67.244 1.110 37.152 67.244 1.110 105,506 105,506 EXPENDITURE ON: Raising funds Charitable actiwties.. 1871) 18711 Other Irading a¢tivitie5 Olher sOUrceS expended Other r16,358} 13,661) 13.8431 176.3581 13,6611 13,8431 184,7331 {84.733 NETINCOME 20.773 20,773 NETMOVEMENT IN FUNDS RECONCILIAMON OF FUNDS: Tolal funds brought forwat(I 20.773 20.773 144.8861 24.108 {20,7781 TOTAL FUNDS CARRIED FORWARD 16 124.1131 24,108 151 The notes on pages 8 10 12 lo parl oflhese financial statements. Page 6
The Honeyrose Foundation Statement of Financial Position As At 31 December 2024 2024 2023 Unrestricted Restrictsd Total funds Total funds lunds fund5 FIXEO ASSETS Tangible Assets 12 11,485 1.024 12.509 14.646 11.485 1.024 12,509 14,648 CURRENT ASSETS Cash al bank and in har*J 56.796 2,313 59,109 17.607 56.796 2.313 59.109 17.607 Crod5tors'. Amounts Falllng Due Within One Year 13 16.994) 16,9941 {6.9941 NET CURRENT ASSETS IUABIUTIESI 49.802 2.313 52.115 10,613 TOTAL ASSETS LESS CURRENT UABILMES 61.287 3.337 64,624 25,259 Creditors: Amounts Falling Due After More Than One Yoar 14 {25.264) (25,264) {25,2641 NET ASSETSIILIABILITIESI 36.023 3.337 39.360 {51 FUNDS OF THE CHARITY Reslricled Funds UnTeslricted Funds 24,108 15.252 24.108 124.113 TOTAL FUNDS 16 39,360 151 On behalf of Ihe board B Dulfy Tru51ee 2S11012025 The notes on pages 8 10 12 forrn part ofthese financial Statemen. Page 7
The Honeyrose Foundation Notes to the Financial Statements For The Year Ended 31 December 2024 1. General Inforniatlon The Honeyrose Foundation is an LmincorpcKated charity registered Vlilh the Charity Conmnission, regislered tharity number 1109867. The principal address is 2. Accountlng Pollcles 2.1. Basis of Preparation of Financial Statem•nt5 The financial slalemenls have been prepared In accordan wlh the charib.es SORP (FRS 1021"A0UnIlng and Reporting by Charitie5' Statement of Recommended Pra¢b"ce ap1¢ab lo charibes pKepaiing their accouTrls in accordance with the Financial Reporting Standard applicable in the VK and Republic of Irelar¥J IFRS 1021 leffeetive l January 20191" Financial Reporting Standard 102 The Financial Reporting Slandarfj applicable in UK and Republic of Ireland" and the Charities Act 2011. The charity is a Public Befil Ents'ty as defined ty FRS 102. 2.2. Tanglble Flxed Ass8ts and Depreciatlon Tangible fixed assels a measured at cost s$ accumulaled deprecialion and any accumulated impalmenl10s5e5. Depreciation is praded at ratès calculated lo writo off tho cost of tho fixed a888ts. 1088 thoir 06timaled r8Èidual valuè, over Ihoir expèclad uÈofiJl livas on the following bases.. Motor Vehldes Fixture5 & Fillings 20% Reduung balance 20% Reduong balance 2.3. Cash and Cash Equivalents Cash and cash equivalenls are basic ffinanual assets aryl wKIL•Je cash in hand and deposits held at call wlh banks. other short-lerrn highly liquid investments that mature in no more than Ilwee months from ihe date of acquisits'on and are readily convertible to a kno¥¥n amcxjnt of cash wth insignificant iisk of change in value. aThJ bank overdrafts. 3. Income fmm Donatlons and Legacles 2024 2023 Unrèstrlctod Unrastrlcted funds fund5 Donations aNI gifts 29,466 37,152 4. Incom8 from Other Tradsng Activitie5 2024 2023 Unrestricted funds Unrestrlcted tunds Shop income 87,771 67,244 5. Other In¢om¢ 2024 2023 Unrostrlctod funds Unrestricted funds Other income type A 1.510 1,110 Page 8
The Honeyrose Foundation Notes to the Financial Statements (continued} For The Year Ended 31 December 2024 6. Net IncomèllExpenditurel The nel In¢(e is staled after chaig1@{credilirwJ)= 2024 2023 Oepretiallon of langlbk fixed assets- ovmed 3,127 3,661 7. Anatysls of Expgndlture 2024 Activities undertaken directly Support cosis {see note 8) Total Aai3illg fiJnd¥ ottr trading aclivilie5 Other resources expended 1.724 59.660 1,724 69.258 3.127 9,598 3.127 61,384 12,72S 74,109 2023 Activlties undertaken di1 Support costs (see rtote 81 Total Raising fijnds Olher trading aclivilies Olher resources expende 871 871 63,164 13,194 3.661 76,358 3.661 64,035 16,855 80,890 Suppori Costs 2024 Othèr resources expended Other trading activities Total Premises expenses General adnlnislration 8,713 8,713 885 DePCIatIOn 3.127 3,127 9,598 3,127 12,725 2023 Othgr resources expended Other trading activities Total Premises expenses General administration 12,575 619 12,575 619 Dewecaalion 3.661 3,661 13.194 3.661 16.855 P•3e 9
The Honeyrose Foundation Notes to the Financial Statements (Continued) For The Year Ended 31 December 2024 9. Indépendent Examingrfs Remuneration 2024 2023 Independent examinati of the finanoal statements Olher assurance Se1¢e8 720 450 Tax adthsory services Other financial seN¢ces 720 450 10. Staff Costs Slaff cosls were as follovts.. 2024 2023 Wages and salaries 59,452 61,993 No efflployees received employee benefits (eX1ng employer pen5wJn cos15) fiN Ihe repoFting peri(MJ of more than £60,000. 11. Average Number of Employtres Average number of employees during the year was.. 4 (2023.. 41 12. Tangible Assets Motor Vehicles Fixture5 & Fittings Total Cost As al 1 Jarwary 2024 Additions 12.424 70,030 14 82.454 14 As a131 December 2024 12,424 70,044 82.468 Depreclaiion As al 1 January 2024 Provided during the period 8,353 814 58,479 2.313 66.832 3,127 As at 31 Dernber 2024 9.167 60.792 69,959 Net Book Value As al 310ecember 2024 3.257 9.252 12,509 As at 1 January 2024 4,071 11,551 15.622 13. Creditors.. Amounts FallSng Oue ?thIn One Year 2024 2023 Bank loans and overdrafts Acciuals and deferred in¢ome 6,274 720 6,274 720 6.994 6,994 Page 10
The Honeyrose Foundation Notes to the Financial Statements (continued) For The Year Ended 31 December 2024 14. Credltors= Amounts Fallln9 Due After More Than One Year 2024 2023 Bank loans 25.264 25.264 15. Loans anatysis of the maturity of loang is given below: 2024 2023 Amounts lalling due Nwthin one year or on demarKI-. Bank loans 6,274 6.274 2024 2023 Arnounls falling due been one and five years: Bank loans 25,264 25,284 16. Movement In Funds Asat31 Decgmber 2024 Asat1 January 2024 In¢ome Expendtture Unrestrlcted funds General.. Gener unre511i¢led lur)d Restricted funds 123.1371 118.747 180.3581 15.252 Restri¢led lund 24.108 24.108 Total lunds 971 118.747 180,358} 39,360 Asat31 Decomber 2023 Asat1 January 2023 Income Expendhurn Unrtttri¢tod funds General.. General unreslricled ftmd RKtrlct•d funds (44,886) 105,506 184.733} {24,1131 Restricted tund 24.108 24.108 Total funds 120.7781 105,506 184.7331 15) 17. Transaction$ with Trustses During the year the expenses iMbUed lo Ihe Iruslees or paid diredty lo third partVè5 as follows.. Page 11
The Honeyrose Foundation Notes to the Financial Statements Icontinued For The Year Ended 31 December 2024 2024 2023 18. Rolat¥d Party Dlsclosur8s Page 12
The Honeyrose Foundation Detailed Statement of Financial Activities For The Year Ended 31 December 2024 2024 2023 Total funds Totsl fund$ INCOME AND ENDOWMENTS FROM.. Donatlons and legacies Donab'ons and gifts 29,466 37,152 29,466 37.152 Other tradlng activitlo$ Shop income 87,771 67,244 87.771 67.244 other Olher income type A 1.510 1,110 1,510 1.110 118,747 105,5(k8 EXPENDITURE ON: Ral$lng lund$ Staging fundraisiThJ evenls Vehicle wunning costs {4221 11.3021 {293} 1578) 11.724) 18711 Charitable Activ109.. Other tradlng actlvlties Advertising, marketing, direct mail and publliity Wdges and salarie5 Support and administration costs Rale5 Light and heal Repairs and maintenan Telecommunications Accountancy fees Surmlry expen5e5 1121 (59,4521 1196) 12.191} {3.5981 {2.9241 11391 1720) 126) 14021 161,993} 17691 (4.1401 {8,4351 14501 1169} 169,258} 176,3581 Oth•r resourcos exnd Depreciation of molor vehirjes Depreciation of fixiures and fillings 18141 {2,3131 {1,0181 12,6431 13,1271 13,6611 other Olher expenditure type A 16,249} {3,843} 16,2491 13,8431 180,3581 184,7331 NET INCOME 38,389 20.773 Page 13
Chafity regislrallon number.. 1109867 THE HONEYROSE FOUNDATION TRUSTEES, REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 JNB A¢cthmlarty Limited
The Honeyrose Foundation Contents Page Tru51ees' Report IrKlependenl Examiner's Report statement of Financial Adimlies Comparalive Slalemenl of FinancFal Aci1vit$ Slalemenl of Finandal Position Notes lo the Financial Slalements 12 The lollowing pages do not lom part of tha staiulory accovnts: Detailed Statement of Financial Actimt 13
The Honeyrose Foundation Trustees. Report For The Year Ended 31 December 2024 The Iruslees present their report anrj Ihe fmandal slalemenls for the year ended 31 December 2024. Objecfjv8s and A¢tivltles Alms and OblectNe5 To provide special days for people 40 years and above. a SLrfwirrfJ from a life IhTealenin9 or lerminal illness. in order lo give them and Iheir lamily special memories. Slgnlfl¢ant ActNities We have continued proyèding during year aThJ Vlil conb.nue Ihe good Y4Drk Ihat was started in 2004. Publlc Benorrt The Iruslee5 have continued lo expand the area covered for their aNns lo offer their Charitab works to the greater publlc. The InJ$lees confimi that Ihey have complied vth the (equirtnts of Section 17 of the Charilies Aci 201110 have due regard lo the Chlty Comnwssion's quidance on public benefit. Volunte•rs The truslees like to ihank al volunteers kn Iheir haed 4wrk and dethcalion. and have InSta1ed the volunteer of Ihe monlh award. AchI•mants and P&rfornianc• Maln Ach¥•m0nts The trustees have seen and experienced Ihe struggle5 of this amazing charity. The lown centre is dedining and has resulted in Ihe charity shop hawng very little foolfall. The truslees conbnue lo try and briThJ in donations and goo(Js for the shop. Wishe5 continue lo be carried oul bul not as many as we wjuld like. The charity 4%ill continue due to the support of its trustees and volunteers and staff who do excepts'onal work. The Irustees would like to thank all involved for their continued support. hope to conty"nt the great work of the Charity. Chalrman's Report 2024 saw our building sold by our landlord. We now onty have the ground lloor. The decline in Sl Helens town centre has had an impacl on shop income and that has an impacl on Ihe charity as a whole. We eonlint lo give V4i5hes however rnore and more wshes are reslricled lo out connection wilh lo¢al football teams. We have build slron9 lationShipS wlh loGal leams ovei a number of years. We strive lo continue the greal woik Ihal the ¢harity does bul wilh falling income aThJ other pre&sures il is getlirvj ever harder. Flnanclal Review Flnanclal Position The charity's activities expose it lo a numl)er of finaneial risks inthjding crerfil risk. cash Ilow iisk and IiqLridity risk. The use of financtal derivatives is governed by the Charills poliues approved by the board of Iwstees vknch provide written principses on the use of finanaal derivatives to manage these risks. TF d)arty does not w den"vatNe financial I1DJments for speculative purposes. Cr•dlt & Liquidity Risk The charity's principal finanual assets a bank balances and cash. trade ar¥J other re1VabS, and inveslments. The charitys uedil risk is primarily altribulable to its trade CeIVables. The amounls psented in the balance sheet a net of allowances for doubtlul receivables. An allowance for impaifmenl is made wheie the is an idenb.fied bss event lCh. based on previous experience. is evidertce of a reduction in the iecoverability of the cash flo. The ¢dit risk on liquid funds and derivalNe finanaal InstrUffnIS is limited because the Counlerparts are bank5 Wth high credit ralings assigned by internalional Credit rating agenaes. The charity has no significani concenlrab.on of uedil risk, wilh exp05we swead ovei a large number of counlerparls and cuslomers. In der lo maintain liquidily to en5UTe that suifiuenl furKla are avadable lor oi¥Joir¥J OFefations and futu developments. the thartty uses a mbxlure of long lerm and short temi debl finance. Further details regarding liquhlbty risk can be fOd in the Slalemenl of aCcoting poliaes in the financial stalemenis. Structuro. Gov•man¢• and Managment Page 1
The Honeyrose Foundation Trustees, Report (continued) For The Year Ended 31 December 2024 Governing Document The charity is controlled by ils govemiThJ docurr*nt. a deed of trust and cortslflutes an unincorporated charity. Reference and Administratlv• D•talls Trustees B Duffy L Barrow D Flennesreg0ry C Anders L McGfath L Stevens L Hurst A Worsley Gharity Number 1109867 Independent Examln•T Joseph Nathan Banni51er FCCA JNB Aecounlancy Llmlled Unil 3b Trident Business Centre Amy Johnson Blackpool FY4 2RP Page 2
The Honeyrose Foundation Trustees. Report {continued} For The Year Ended 31 December 2024 The Iruslees, port was approved by the board oftruslee$ and signed on its behall by". B Duffy Trustee 2511012025 Page 3
The Honeyrose Foundation Independent Examinerfs Report to the Trustees of The Honeyrose Foundation For The Year Ended 31 December 2024 I report lo the trustees on my examination of the accounts of Tr H(wrose FouThlation (the Trusll for the year ended 31 December 2024. Responslbllltles and Basis ol Report As the Charity trustees of the Trusl you are responsible for Ihe preparatton of the accoun15 in a¢1yanCe wth the reqifjrements of Ihe Charities Act 2011 nhe Acll. I report In respect of my examinatlon of Ihe Tru51's accounls carried oul under section 145 01 the 2011 Act and in carrying out my examinatson, I have fo¥sd the applicable Directions given by the Charity Commission ler seclion 145151{bl of the Act. Ind8pènd•nt ExamIneS Statem•nt I have compleled my exarrinalion. I confirm Ihat no mateiial matters have come lo my attention in connection wih the examinalion giving me cause to believe that in any material reSCt.. 1. accounling records bre Thil kept in of Il TTUSI as Wred by sedion 130 of Ihe Act,. or 2 the acco¢Jn15 do not accord with Ihose records.. or the accotjnts do not comply with the applicable requrements conceming Il* fom and contents of accounts set out in the Chaiities IA¢counls and Report51 Regulations 2008 oihef than any requiremenl that Ihe accounts give a Irue and fair vieW vknich is nol a matter ¢onsidered as part of an independent examinab"on. I have no concems and have come across no other matters in corwRclion with Ihe examination lo vthich allenlion should be drawn in this report In order lo enable a proper Understalir9 of the accoun15 to be Teached. Joseph Nawln Banrusler FCCA 2511012025 Unil 3b Tri¢Jenl Business cent Amy Johnson Bla¢kpool FY4 2RP Page 4
The Honeyrose Foundation Statement of Financial Activities For The Year Ended 31 December 2024 2024 2023 Unr•stri¢ted Restricted Total funds Total fund5 fvnds funds Motes INCOME AND ENDOWMENTS FROPIJ: Donabons and legacie5 Other ItadirYJ activities Olher 29.466 87,771 1,510 37.152 67,244 1,110 87.771 1,510 118.747 118,747 105,506 EXPENDITURE ON: Raising fund5 Charitable acb"vities". Other trading activities Other resouices expended Othef {1.7241 {1.724) 18711 1fj9,2581 13.1271 16,2491 (69,2581 13,1271 16.2491 176,3581 {3.6611 13,8431 180.3581 180,358) {84,7331 NETINCOME 38.389 38,389 20.773 NETMOVEMENTIN FUNDS RECONCILIATION OF FUNDS- 38.389 38,389 20,773 Total Ilsnds brought forward {23,13n 24,108 971 120.7781 TOTAL FUNDS CARRIED FORWARD 16 15.252 24,108 39.360 151 The noles on pages 8 10 12 fomi part of Ihese financial slaten*s. P•Je 5
The Honeyrose Foundation Comparative Statement of Financial Activities For The Year Ended 31 December 2024 2023 Unrestrietod R•strlct•d Total funds funds fLtnds Not•s INCOME AND ENDOWMENTS FROM: Donations and legaries Other trading activitses Other 37.152 67.244 1.110 37.152 67.244 1.110 105,506 105,506 EXPENDITURE ON: Raising funds Charitable actiwties.. 1871) 18711 Other Irading a¢tivitie5 Olher sOUrceS expended Other r16,358} 13,661) 13.8431 176.3581 13,6611 13,8431 184,7331 {84.733 NETINCOME 20.773 20,773 NETMOVEMENT IN FUNDS RECONCILIAMON OF FUNDS: Tolal funds brought forwat(I 20.773 20.773 144.8861 24.108 {20,7781 TOTAL FUNDS CARRIED FORWARD 16 124.1131 24,108 151 The notes on pages 8 10 12 lo parl oflhese financial statements. Page 6
The Honeyrose Foundation Statement of Financial Position As At 31 December 2024 2024 2023 Unrestricted Restrictsd Total funds Total funds lunds fund5 FIXEO ASSETS Tangible Assets 12 11,485 1.024 12.509 14.646 11.485 1.024 12,509 14,648 CURRENT ASSETS Cash al bank and in har*J 56.796 2,313 59,109 17.607 56.796 2.313 59.109 17.607 Crod5tors'. Amounts Falllng Due Within One Year 13 16.994) 16,9941 {6.9941 NET CURRENT ASSETS IUABIUTIESI 49.802 2.313 52.115 10,613 TOTAL ASSETS LESS CURRENT UABILMES 61.287 3.337 64,624 25,259 Creditors: Amounts Falling Due After More Than One Yoar 14 {25.264) (25,264) {25,2641 NET ASSETSIILIABILITIESI 36.023 3.337 39.360 {51 FUNDS OF THE CHARITY Reslricled Funds UnTeslricted Funds 24,108 15.252 24.108 124.113 TOTAL FUNDS 16 39,360 151 On behalf of Ihe board B Dulfy Tru51ee 2S11012025 The notes on pages 8 10 12 forrn part ofthese financial Statemen. Page 7
The Honeyrose Foundation Notes to the Financial Statements For The Year Ended 31 December 2024 1. General Inforniatlon The Honeyrose Foundation is an LmincorpcKated charity registered Vlilh the Charity Conmnission, regislered tharity number 1109867. The principal address is 2. Accountlng Pollcles 2.1. Basis of Preparation of Financial Statem•nt5 The financial slalemenls have been prepared In accordan wlh the charib.es SORP (FRS 1021"A0UnIlng and Reporting by Charitie5' Statement of Recommended Pra¢b"ce ap1¢ab lo charibes pKepaiing their accouTrls in accordance with the Financial Reporting Standard applicable in the VK and Republic of Irelar¥J IFRS 1021 leffeetive l January 20191" Financial Reporting Standard 102 The Financial Reporting Slandarfj applicable in UK and Republic of Ireland" and the Charities Act 2011. The charity is a Public Befil Ents'ty as defined ty FRS 102. 2.2. Tanglble Flxed Ass8ts and Depreciatlon Tangible fixed assels a measured at cost s$ accumulaled deprecialion and any accumulated impalmenl10s5e5. Depreciation is praded at ratès calculated lo writo off tho cost of tho fixed a888ts. 1088 thoir 06timaled r8Èidual valuè, over Ihoir expèclad uÈofiJl livas on the following bases.. Motor Vehldes Fixture5 & Fillings 20% Reduung balance 20% Reduong balance 2.3. Cash and Cash Equivalents Cash and cash equivalenls are basic ffinanual assets aryl wKIL•Je cash in hand and deposits held at call wlh banks. other short-lerrn highly liquid investments that mature in no more than Ilwee months from ihe date of acquisits'on and are readily convertible to a kno¥¥n amcxjnt of cash wth insignificant iisk of change in value. aThJ bank overdrafts. 3. Income fmm Donatlons and Legacles 2024 2023 Unrèstrlctod Unrastrlcted funds fund5 Donations aNI gifts 29,466 37,152 4. Incom8 from Other Tradsng Activitie5 2024 2023 Unrestricted funds Unrestrlcted tunds Shop income 87,771 67,244 5. Other In¢om¢ 2024 2023 Unrostrlctod funds Unrestricted funds Other income type A 1.510 1,110 Page 8
The Honeyrose Foundation Notes to the Financial Statements (continued} For The Year Ended 31 December 2024 6. Net IncomèllExpenditurel The nel In¢(e is staled after chaig1@{credilirwJ)= 2024 2023 Oepretiallon of langlbk fixed assets- ovmed 3,127 3,661 7. Anatysls of Expgndlture 2024 Activities undertaken directly Support cosis {see note 8) Total Aai3illg fiJnd¥ ottr trading aclivilie5 Other resources expended 1.724 59.660 1,724 69.258 3.127 9,598 3.127 61,384 12,72S 74,109 2023 Activlties undertaken di1 Support costs (see rtote 81 Total Raising fijnds Olher trading aclivilies Olher resources expende 871 871 63,164 13,194 3.661 76,358 3.661 64,035 16,855 80,890 Suppori Costs 2024 Othèr resources expended Other trading activities Total Premises expenses General adnlnislration 8,713 8,713 885 DePCIatIOn 3.127 3,127 9,598 3,127 12,725 2023 Othgr resources expended Other trading activities Total Premises expenses General administration 12,575 619 12,575 619 Dewecaalion 3.661 3,661 13.194 3.661 16.855 P•3e 9
The Honeyrose Foundation Notes to the Financial Statements (Continued) For The Year Ended 31 December 2024 9. Indépendent Examingrfs Remuneration 2024 2023 Independent examinati of the finanoal statements Olher assurance Se1¢e8 720 450 Tax adthsory services Other financial seN¢ces 720 450 10. Staff Costs Slaff cosls were as follovts.. 2024 2023 Wages and salaries 59,452 61,993 No efflployees received employee benefits (eX1ng employer pen5wJn cos15) fiN Ihe repoFting peri(MJ of more than £60,000. 11. Average Number of Employtres Average number of employees during the year was.. 4 (2023.. 41 12. Tangible Assets Motor Vehicles Fixture5 & Fittings Total Cost As al 1 Jarwary 2024 Additions 12.424 70,030 14 82.454 14 As a131 December 2024 12,424 70,044 82.468 Depreclaiion As al 1 January 2024 Provided during the period 8,353 814 58,479 2.313 66.832 3,127 As at 31 Dernber 2024 9.167 60.792 69,959 Net Book Value As al 310ecember 2024 3.257 9.252 12,509 As at 1 January 2024 4,071 11,551 15.622 13. Creditors.. Amounts FallSng Oue ?thIn One Year 2024 2023 Bank loans and overdrafts Acciuals and deferred in¢ome 6,274 720 6,274 720 6.994 6,994 Page 10
The Honeyrose Foundation Notes to the Financial Statements (continued) For The Year Ended 31 December 2024 14. Credltors= Amounts Fallln9 Due After More Than One Year 2024 2023 Bank loans 25.264 25.264 15. Loans anatysis of the maturity of loang is given below: 2024 2023 Amounts lalling due Nwthin one year or on demarKI-. Bank loans 6,274 6.274 2024 2023 Arnounls falling due been one and five years: Bank loans 25,264 25,284 16. Movement In Funds Asat31 Decgmber 2024 Asat1 January 2024 In¢ome Expendtture Unrestrlcted funds General.. Gener unre511i¢led lur)d Restricted funds 123.1371 118.747 180.3581 15.252 Restri¢led lund 24.108 24.108 Total lunds 971 118.747 180,358} 39,360 Asat31 Decomber 2023 Asat1 January 2023 Income Expendhurn Unrtttri¢tod funds General.. General unreslricled ftmd RKtrlct•d funds (44,886) 105,506 184.733} {24,1131 Restricted tund 24.108 24.108 Total funds 120.7781 105,506 184.7331 15) 17. Transaction$ with Trustses During the year the expenses iMbUed lo Ihe Iruslees or paid diredty lo third partVè5 as follows.. Page 11
The Honeyrose Foundation Notes to the Financial Statements Icontinued For The Year Ended 31 December 2024 2024 2023 18. Rolat¥d Party Dlsclosur8s Page 12
The Honeyrose Foundation Detailed Statement of Financial Activities For The Year Ended 31 December 2024 2024 2023 Total funds Totsl fund$ INCOME AND ENDOWMENTS FROM.. Donatlons and legacies Donab'ons and gifts 29,466 37,152 29,466 37.152 Other tradlng activitlo$ Shop income 87,771 67,244 87.771 67.244 other Olher income type A 1.510 1,110 1,510 1.110 118,747 105,5(k8 EXPENDITURE ON: Ral$lng lund$ Staging fundraisiThJ evenls Vehicle wunning costs {4221 11.3021 {293} 1578) 11.724) 18711 Charitable Activ109.. Other tradlng actlvlties Advertising, marketing, direct mail and publliity Wdges and salarie5 Support and administration costs Rale5 Light and heal Repairs and maintenan Telecommunications Accountancy fees Surmlry expen5e5 1121 (59,4521 1196) 12.191} {3.5981 {2.9241 11391 1720) 126) 14021 161,993} 17691 (4.1401 {8,4351 14501 1169} 169,258} 176,3581 Oth•r resourcos exnd Depreciation of molor vehirjes Depreciation of fixiures and fillings 18141 {2,3131 {1,0181 12,6431 13,1271 13,6611 other Olher expenditure type A 16,249} {3,843} 16,2491 13,8431 180,3581 184,7331 NET INCOME 38,389 20.773 Page 13