The Rossall Foundatlon
la company limited by guarantee)
Unaudlted Financial Statements for the
Year Ended 31 October 2024
Charlty number 1112506
Company number 5585637

The Rossall Foundatlon
For the Year Ended 31 October 2024
Contents
Pa
Legal and Admlnistrative Information
Independent Examiner's report
Directors, & Trustees, Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Staterrents
10-12

The Rossall Foundation
Le
al and Admlnistrative Information
Forthe Year Ended 31 October 2024
Status:
The Company was incorporated on 6 October 2005 and is registered with the Charity Commission.
Istered Charlt Number: 1112506
Re
istered Com
an
Number: 5585637
Directors & Trustee5:
The Directors and Trustees who served during the year under review were..
Mr. H. Shepherd
Mr M. A. L. Tansey
Mrs H. Trapnell
Mr N. C. Holt (Resigned on 28 May 20241
Mrs M. H. Wood
Mrs G. M. Austin-King
Mr C. l. Baxter
Mr P. G.Jenkins
Mr K. J. Budge (Appointed 25 May 20241
CHAIRMAN
Istered Offlce:
Rossall School
Broadway
Fleetwood
Lancashire
FY7 8JW
Inde
endent Examlner..
Mr Simon C Thomas FCA
105 Garstang Road
Preston
PRI ILD
Bankers:
Lloyds TSB plc
30 Corporation Street
Blackpool
FYI IEN
Page I

Inde
endent Examlner's Re
ort
To the Directors of The Rossall Foundation
For the Year Ended 31 October 2024
I report to the Charity's trustees on the accounts of the Charltable Company for the year ended 31 October
2024, which are set out on pages 7 to 12.
Res
ectlve res
onsibllitles of the Dlrettors and examiner
As the Charitys trustees of the Company Iwho are also the directors of the Company for the purposes of
company lawl, you are responsible for the preparation of the accounts in accordance with the
requirements of the Companies Act 20061"the 2006 Act"1,
Having satisfled myself that the accounts of the Company are not required to be audSted for this year
under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my
examination of your Charity's accounts as carried out under Section 145 of the Charities Act 20111"the
2011 Act"). In carrying out my examination, I have followed the Directlons glven by the Charity Commission
(under section 14515llbl of the 2011 Act).
Inde
endent examiner's statement
I have completed my examination. I confirm that no materSal matters have come to my attention which
gives me cause to believe that:
accounting records were not kept in accordance with section 386 of the Companies Act 2006; or
the account5 do not accord wlth such records,. or
the accounts do not comply with relevant accounting requirements under section 396 of the
Companies Act 2006 other than any requlrement that the accounts give a 'true and fairf view
which is not a matter considered as part of an independent examination; or
the accounts have not been prepared in accordance with the Charities SORP IFRS1021.
I have no concerns and have come across no other matters in connection with the examination to which
attentlon should be drawn in this report in order to enable a proper understanding of the accounts to
be reached.
19
02
Simon C Thomas FCA
105 Garstang Road
Preston
Date
PRI ILD
Page 2

The Rossall Foundatlon
Dlrectors, & Trustees, Re
ort
For the Year Ended 31 October 2024
The Dlrectors Iwho are also the Trustees of the Charity) present their Report and the Financial Statements
for the year ended 31 October 2024.
Actlvlties and Achlevements
The Company is a registered charity whose main activity is to raise funds in order to provide resources
to Rossall School, Broadway, Fleetwood, LancashSre for the advancement of educatSonal excellence
and to sustaln the long term growth of the School. The Rossall Foundation I"The Foundation") has thls
year continued to support the school as it looks to continue to improve its facilities and pupil experience
to ensure It continues to thrive despite the uncertainty in the general sector following the proposed
introduction of VAT on prlvate education. The Foundation has provided grants through the year with
more details set out in the Financial Review below. Supporting the school is ensuring high levels of
education are maintaSned which is of benefit to the wider public.
Flnan¢lal Revlew and Results for the Year
Durlng the year donations were received totalling £631,682 which Sncluded claims for Gift Aid, to be paid
by HMRC, of £10,410. This showed a healthy increase on last year and included signSficant donations of
over £200,000 each from two specific donors. Separate to these donations the Company received £36,844
of interest income across various savings accounts which was a significant increase driven by both higher
levels of funds held and increases in achievable interest rates on such balances. There was also £8,008
receivable from the Rossallian Club as a contribution towards the administrative costs incurred by the
the Company as they also make use of this functlon. This gave total incoming resources of £676,534 In
the year.
Grants totalling £318,367 were made to the school in the year with the largest of these payments being
£155,520 towards the renovation of the chapel organ, This has been a long-term project that the
Company has been very keen to support and is delighted to see come to fruition. Separate to this there
have been grants totalling £146,640 in the year to help fund the full repair of the Big School roof. This
building is a central and h15torSc part of life at the school but it had been In desperate in need of repair.
This work has allowed the building to remain in use and ensured it remains central to activities at the
school. Outside of these maln two projects the Company has also provided grants to fund the renovation
of the Rosshop, at £11,314 and 3 smaller grants totalling £4,893, mainly contributing towards music in
the Prep School. Outside of the grants the Company also expended resources on raising funds of £804
along within incurring £41,928 on general costs allowing the Company to operate throughout the year and
achieve Its objectives. The grants along with these other costs meant there were total resources
expended of £361,099. Consequently the Company had net incoming resources in the year of £315,435.
The funds brought forward at l November 2023 stood at £844,062. As a result of the surplus in the year
this meant that the total funds at 31 October 2024 Stood at £1,159,497. Of these funds £787,728 were
restricted with a total of £371,769 belng unrestricted in their use. Both restrlcted and unrestricted funds
have increased within the year.
Of the restricted funds by far and away the largest wa5 the Heritage fund which the Company has been
actively working to bulld and Stood at £481,013 at the end of the year. This fund is to renovate and
maintain the iconic and timeless buildings of the school. These are central to the history and legacy of the
school but glven their nature and the exposure to the weather, maintaining these properties can often
prove to be expensive and so the Company wants to support the school in this area. There also remains
Page 3

The Rossall Foundatlon
Dlrectors, Re
ort
Contlnued
Forthe Year Ended 31 October 2024
significant sum In the bursary fund. The Company is working with the school in order to put these funds
to use and be able to provide an opportunity for a new pupil to attend the school who may not otherwise
have been able to. There were then 5 other funds making up the total restricted funds of £787,728.
The unrestricted funds have been significantly increased in the year due a generous legacy of E235,756
which was received In the year. Despite these being unrestricted the Company is in dialogue with both
the school and the family of the deceased donor to determine the project or projects that they feel these
funds would be best Used for.
In terms of the fund5 held at the year end the director5 remained aware of the protections offered by the
Flnanclal Services Compensation Scheme IFSCSI In respect of the protectlon of £85,000 per flnanclal
institution. For this reason the directors look to split the funds held between different institutions in
order to protect the Company's funds. At the reporting date the Company had accounts with 4 dlfferent
financial institutions giving guaranteed protection to £340,000 of the funds. The Company also had
£590,163 held with Cazenove CapStal. This money was held withln low-risk, high-liquidity funds. This
was to look to ensure that a return was being seen on the funds, particularly in view of the high
levels of inflatlon seen in the last couple of years. However. the dlrectors want to ensure that no undue
risks are taken with donors, funds and so have sought to maintain low-risk funds in order to protect
against any unforeseen downturns but also to ensure that the funds can be drawn quickly should the
directors see a way in which they wish to assist the school with the funds.
Governln
Document
The Company's charitable status Is governed by a Charitable Trust Deed dated 13 December 2005,
As a Charitable Company the organisation is governed by the Memorandum and Articles of Association
adopted on Incorporation on 6 October 2005, and amended on 15 June 2011. The Company has also
adopted the principles and guidance of the Charity Governance Code for smaller charities.
Future Strate
The Company will continue to raise funds in order to provide resources to the School for advancing its
educational excellence and guaranteelng its future.
Investment Poll¢
When surplus funds are available. the Directors intend to invest the Charity's funds in order to achieve
preservation and growth of capital and income.
Dlrectors Trustees and Members
The Directors of the Company are the Trustees of the Charlty. Members of the Company guarantee to
contribute an amount not exceeding £1 to the Company's assets in the event of the Company being
wound up whilst a member or within one year of ceasing to be a member, An Indivldual aged 18 and
over who is an Old Rossallian or otherwise supports the objects of the Company may seek membership
of the Company. New members are appolnted by the Trustees at theSr absolute dlscretlon and no reason
for the non-acceptance of an application need be given. It is the policy of the Trustees that any donor Is
automatltally entltled to become 3 member once that have donated in excess of £500 to the Charity.
The Directors of the Charity who have served during the period and those who were in office on 31
Page 4

The Rossall Foundation
Dlrectors, Re
ort
Contlnued
For the Year Ended 31 October 2024
October 2024 are listed on page l.
Trustee Recrultment
The Chalr of the School Council and President of the Rossallian Club are ex-officio Trustees of the
Company. A member of the School council, other than the chair, can also be appointed by the Trustee5.
The total number of Trustees shall not be less than 5 but (unless otherwise determlned by Ordinary
Resolution) shall not be subject to any maximum,
Inductlon and Tralnin
of Trustees
New Trustees are given a copy of the governing document and briefed on the responsibility of the
Trustees.
Or
anlsational and Risk Mana
ement
The policies and management of the Charity are carrled out collectlvely by the Trustees. Any major risk
to which the Charity is exposed has been reviewed by the Trustees and systems and procedures have
been established to manage those risks.
Dlre¢tors' Res
onsibllitles
Company law requires Directors to prepare Financial Statements for each financial year, which give a
true and fair view of the affairs of the charitable company and of its incoming resources and application
of resources for that period.
In preparSng those Financial Statements, the Oirectors should follow best practlce and.
select suitable accounting policies and then apply them con515tently,'
make judgements and estimates that are reasonable and prudent,. and
prepare Flnancial Statements on a going concern basis unless it is not appropriate to
assume that the Company will contlnue to be active.
The Directors are responsible for keeping proper accountlng records, which disclose with reasonable
accuracy at any time the financial posltion of the charitable company and to enable them to ensure
that the Financial Statements comply with the Companies Act 2006. They are also responsible for
safeguarding the assets of the charltable company and hence for taking reasonable steps for the
prevention and detection of fraud and any other irregularities.
Small Com
an
Dlsclosures
The DSrectors' Report is prepared in accordance with the Charities SORP IFRS 1021- 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 RÈpublic of Ireland
(effective l January 20191 and in accordance wlth the speclal provisions of Part 15 of the Companies
Act 2006 relating to small companies.
Page 5

The Rossall Foundatlon
Dlrectors, Re
ort
Contlnued
Forthe Year Ended 31 October 2024
Approved by the board and signed on behalf of the board by
H. Shepherd IDir
ctorl
Date
Page 6

The Rossall Foundatlon
Statement of Flnan¢lal Actlvltles
For the Year Ended 31 October 2024
Restricted
Funds
Unrestricted
Funds
TOTAL FUNDS
2023
2024
Note
Incomin
Resources
Donations and Legacies
Investment Income
Other Income
380,846
250,836
36,844
8,008
631,682 373,378
36,844
4,868
8,008
5,811
Total Incomin
Resources
380,846
295,688
676,534 384,057
Resources Ex
ended
Raising Funds
Grants to Rossall School
Other
804
4,893
41,928
804
318,367
41,928
313,474
15,593
37,381
Total Resources Ex
ended
313,474
47,625
361,099
52,974
Net Incomin
Resources
67,372
248,063
315,435 331,083
Funds brought forward
as at l November 2023
720,356
123,706
844,062 512,979
Total Funds at
31 October 2024
787,728
371,769
1,159,497 844,062
The notes on pages 10 to 12 form part of these Financial Statements.
Pa8e 7

The Rossall Foundatlon
Balance Sheet
As At 31 October 2024
Note
2024
2023
Current Assets
Debtors
Investments
Cash at Bank
18,868
590,163
551,066
8,970
845,238
1,160,097
854,208
LESS Creditors Amounts falling due withln one year
Accrued expenses
600
10,146
Net Assets
1,159,497
844,062
Ital and Reserves
Restricted Funds
Unrestricted Funds
787,728
371,769
720,356
123,706
Total Funds
1,159,497
844,062
The note5 on pages 10 to 12 form part of these Financial Statements.
Page 8

The Rossall Foundation
Balance Sheet
continued
As At 31 October 2024
The Directors have taken advantage of the exemption conferred by section 477 not to have these
Flnancial Statements audited and confirm that no notSce has been deposited under section 476 of the
Companies Act 2006.
The Directors acknowledge their responsibilitles for ensuring that:_
l The Company keeps accounting records which comply with section 386 of the Companies
Act 2006, and
2 The Financial Statements give a true and fair view of the state of affairs of the Company a5
at 31 October 2024 and of its surplus for the year then ended in accordance with the
requirements of the Companies Act 2006 relating to Financial Statements. so far as
applicable to the Company.
The Financial Statements have been prepared in accordance with the Charltles SORP IFRS 1021-
Accounting and Reporting by Charities Statement of Reeommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (effective l January 20191 and in accordance with the special provisions of Part 15 of
the Companies Act 2006 relating to small companies.
Approved by the board and is signed on their behalf by
H. Shepherd ID
ectorl
Date
M.A.L. Tansey (Direc
Date
The notes on pages 10 to 12 form part of these Financial Statements.
Page 9

The Rossall Foundatlon
Notes to the Financial Statements
For the Year Ended 31 October 2024
l. Accountln
Pollcies
lal Basls of accounting
The Financial Statements have been prepared under the historical cost convention and In
accordance with the Charltles SORP IFRS 1021- Accounting and Reportlng by Charltles
Statement of Recommended Practice applicable to charitles preparing their accounts in
accordance with the Financlal Reporting Standard applicable in the UK and Republic of
Ireland leffe¢tSve l January 20191 and in accordance wSth the special provisions of Part 15 of
the Companies Act 2006 relating to small companies.
Ibl Incomlng Resources
Donations are recognised in the Financial Statements when received from donors. The Gift
Aid due on any such amounts Is recorded at the same point. Investment income is
recognised at the point the Company becomes entitled to receive the funds. This is usually
on receipt. Other income is recognised on an accruals basis with any amounts relatlng
to the accountlng period being recognised in that perlod. Should they not have been
received at the reporting date and amounts outstanding are recorded within other debtors.
Icl Resources Expended
These are recognised in the FinancSal Statements as they are incurred on an accruals basls.
Any amounts due whlch are to be billed and paid after the reporting date are included
withln in accrued expense and the cost recognised in the period to which it relates,
Idl Funds
Restricted funds are subjected to restrictlons on their expenditure imposed by the donor or
through the terms of an appeal. Unrestricted funds are available for the use of the
trustees Sn furtherance of the general objectlves of the Charity.
lel Golng Concern
There are no material concerns about the Company's abllity to continue to operate.
2. Other Income
The amounts shown in other income relate to amounts owed to the Company by the Rossalllan Club in
relation to wages and labour costs incurred by the Company for administrative purposes. The Rossallian
Club utilises the administrative function of the Company and so it was agreed that half of the costs of
this were to be covered by them. Amounts outstandSng In relation to this income are recorded within
other debtors at the reporting date.
3. Ralsln
Funds
Small incldental gifts are occaslonally made to donors in recognition for the generous donations. These
as always small and withln the permitted limits as set out In government guidance. This ensures that
Page 10

The Rossall Foundation
Notes to the Flnanclal Statements
Contlnued
For the Year Ended 31 October 2024
Gift Aid can still be clalmed on such donations. The Company also incurs incidental costs at meals and
events whlch assist in establishing relatlonships with potential donors.
4. Other- Governance Costs
Unrestricted
Funds
Total Funds
2024
2023
Accountancy
Printing, Postage and Statlonery
Labour Costs
General Expense5
Software Expenses
600
129
38,592
178
2,429
600
129
38,592
178
2,429
600
34,123
558
2,100
41,928
41,928
37,381
5. Movement In Funds
Asat
Incoming Resources
Asat
01.11.23 Resources Expended 31.10.24
Restricted Funds
8ursary
GAMC Memorial Fund
Building
Rosshop
Chapel Organ
Science Labs
Heritage
208,159
1,731
56,327
11,314
180,998
1,513
260,314
7,331
215,490
1,731
62,503
6,176
11,314
155,520
25,478
1,513
146,640 481,013
367,339
Total Restrlcted Funds
720,356
380,846
313,474 787,728
Unrestricted Funds
General
123,706
295,688
47,625
371,769
Total Funds
844,062
676,534
361,099 1,159,497
6. Debtors
2024
2023
Gift Aid Debtor
Other Debtor
Prepayments
16,964
1,358
546
18,868
6,554
1,961
455
8,970
Page 11

The Rossall Foundatlon
Notes to the Flnan¢lal Statements
Contlnued
For the Year Ended 31 Ortober 2024
7. Related Part Transactlons
There were no related party transactions during the year. No Director had any materlal Snterest in anv
contract undertaken by the Company. No Dlrector recelved any remuneration or expenses in relation to
their services to the Company,
8. Statutor
Position
The Company was incorporated on the 6 October 2005 as a company limited by guarantee. There were
294 members as at 31 October 2024 and each is liable to contribute £1 to the assets of the Company
in the event of it being wound up. The Company is a charity registered with the Charities Commission and
each member of the Company who is a Director is a Trustee of the Charity.
Page 12