Rosmini Centre Wisbech, 69A Queens Road, Wisbech, Cambridgeshire, PE13 2PH Registered Company NO 06219210 Registered Charity NO 1122617 Financial Statements For the Year ended 31 March 2025 for ROSMINI CENTRE WISBECH (Limited by Guarantee)
ROSMINI CENTRE WISBECH Limited b CuAranlee Contents of the Flnanclal Statements for the ear ended 31 Mareh 2025 Pages Company Informatlon Report of the Board of Dlreetors & Trustees Report of the Independent ExAmlner Statement of Financlal Actlvltles (Includlng Income and Expenditure Account) BAlan¢e Sheet Statement of Cash Flowi Notes to Ihe Flnanelal Statements 9-13
ROSMINI CENTRE WISBECH Limited b uarantee Com an Infornlion for the ear ended 31 Mareh 2025 BOARD OF DIRECTORS & TRUSTEES. Mr J McGill Mrs M King Mr A Harrington Mr P Mussett J Trurnpicknene Chairnn SECRETARY J Trumpickiene CENTRE MANAGER MTS A Grodkicwicz REGJSTERED OFFICE: 69A Queen's Road Wisbech Cambs PE13 2PH CHAIUTY NUMBER: 1122617 COMPANY NUMBER: 6219210 Page J
ROSMINI CENTRE WISBECH Limited b GuArantee ort of the Bogrd of TrSteel for the eAr ended 31 MAreh 202 'MBER.. 06219210 Gl TE Di The board of trustees presents its report and the unaudited financial statements for ihe year ended 31 MaTch 2025. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The or8anisalion is a charitable eompaT]y lirniled by 8uarJnlee. incorporalcd on 19 April 2007 and registered as a charily on 5 February 2008. The conwany was cslablished under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. Members of the board of trustees Memkrs of the board of trusl¢¢¥ who are director5 for the purposc of cornpany law and tru51ees for the pur¢ of charity law, who served during the pericd and up lo the dale of this report are sel out on page l. Every m¢mber promlscs, if Ihc charlty Is dlssolvcd whil¢ he, shc or11 remains a rncmber or within 12 months afterwards lo pay up to £ l O towards the costs of dissolution and the liabilities incurred by the charity while the conlrlbulor was a rnember. Orydnlsatlonal structure The board of Iruslees has overall responsibillty for the company and meets regularly, approximately evcry two months. In addiilon Ihc board of Iruslces ¢0p1 advisors to meet with the ITUStees approximately Ihrtt times per yeaT. This wider body conslilules ihe Cenlre's Mana8emenl Committee. This cornmitlee is made up of the Centre Manager, Anita GTodkiewi¢z, and representatives from local schools, the pollce, Locality and two volunteers. All project Cowordinators are allocated io a an1 project or agreement. Rl8k management The board of trustees has conducled ils own review of the major risks to which the ¢harily is exposed and $yeMs havc been e51ablished 10 miiigale those risks. SIlfiCant external risks to funding have led lo Ihe development of a slTalegic plan which will allow for the diversifi¢ation of funding and aclivities. Internal risks are minimised by the implemenlalion of procedures for authorisation of all transactions and projects and lo ensure quality of delivery for all operalional aspects of ihe chariiable company. These pr¢xedures are periodically reviewed lo ensure that Ihey still me¢1 lh¢ needs of the Cenlre. OBJECTIVES AND ACTIVITIES ObJectiveg And aims The objects of thc eharily arc: lo advance th¢ ¢du¢alion and training of people in the local government dIrICtS of the Fenland. South Holland and West Norfolk, with limited English language. information technology and oiher skills and their dependanls in need thereof in parlicular, bul wiihoul prejudice lo the generality of the foregoin& migrant workers, so as to advaftce them in life and in the casc of migranl workers lo assist them to adapt lo a new communily and enhance their prospects ofgaining employmeni. Page 2
ROSMIiYI CENTRE WISBECH Limlted b Guarantee of Tru ear ended 31 Mareh 2025 for the COIMPANY RECISTERED NUIMBER: 06219210 lo advance the education and raise awareness of the public in the ar¢a about Ihe issues relalin8 lo migranl workers to help to promote rnulual good relation5 between Ihem and community cohesion. to relieve people in need in Ihe area by providing or assisting in Ihe provision of infomialion, advi¢¢ and alstance with housing, h¢alih, ¢du¢ation, and employment. In seeking lo achieve these objectives. the truslecs have taken duc regard lo the guidance published by the Charities Commission on public benefit. FINANCIAL REVIEW This is the sixl¢¢nih financial r¢vi¢w for th¢ Rosrnini Ccntrc Wi5bc¢h since rc-opcning after ihe building r¢furbishmcnl was completed in 2009. We conlinue to lease the Rosmini Centre building as agreed with Ihc Diocesc. This ye&r wc received fundin% from Lotlcry Community Fund for our IAG projecl. Seasonal Workcr Projccl alonK with diRital Rrants in addition to a number of small proj¢¢l an15. Thc cosi of living crisis conlinucs to affccl many pcoplc in this arca and we've scen a si8nificanl numbcr of pcoplc ¢ominR 10 us for support. We have bttn fortunate lo be awarded a number of small Rranls this year, that have enabled us lo provide services idenlified by our local communiiies. We have also been able lo provide coun5ellin% 5CS510ns in partnership wilh Evolve CounscllinR and provide volunteerin opportunities funded by the Know Your NeiRhbour Fund This year the Rosmini Ccntre continues to working in partnership wilh Fenland Districl Council and Public Health whilsl the legacy of some of our pasl projeels continues. lo raise awareness and support viclirns of M¢M-daY slavery and exploilalion and Ilale Crime. We have also, with support ofsmall grants frorn other funders, been able lo Continue lo supply food lo members of our local ¢ommunilies in need, supplying food Ihal would otherwise have gone lo 5andfill. RerY poll¢v Thc board of Tru51ees has eslablishcd a policy whereby ihe unreslricled funds nol committed or invesled in langible fixed assets ("Ih¢ fr¢e res¢rves") held by the R05mini Centrc Wisbech should be bctw¢¢n Six and Iwelve months of Ihe resources expended. Al this level the Truslees feel thal they would be able lo continue the Current aclivilies of the Charity in the event of a significant drop in funding. A savings account has been sel up with a monthly iransfer of funds lo build up a ¢ontingency. Page 3
ROSMINI CENTRE WISBEC Limited b Guarantee rf of ihe Board of Trustees COMPAP4Y REGI TERED NU BER- 0611911 BENEFITS TO THE LOCAL COMMUNITY The Rosmini Cenlrc continues lo be a focal point for the local community rcgardlcss of ethnicity or nalionaliiy and continues to provide a full range of services that are fully inclusive. Our volunteers and staff are reflective of the Iwal communities supporting our'cveryonc is welcome, staternl. Our services Ihis year have been well Tw¢iv¢d attractin8 people of all ages from all ethnic backgrounds. Our Infornialion, Advice and Guidance project continues underpin all of the work delivered al the Rosmini Centre both in Wisbech and ihe wider F¢nland Area. W¢ ¢onlinu¢ lo b¢ a need5 led or8anis&lion which listens lo and involves member5 of the local cornrnunities at all stages ofproject delivery from planning through lo cvalualion. FUTURE DEVELOPMENTS The Rosmini Centre aims lo continue to d¢v¢lop the unique service of befriending new arrivals and seasonal workers lo the Wisbe¢h Area as well as members of the settled communities in line with the business plan. Our service delivery aims 10 meet the needs of ihe local cornmunilies and lo continue to involve them in ihe decision making process with regard lo service delivery. The Centre Development Manager continues lo establish and mainlAin links with local siatutory and voltsni&ry orEanisations, identify funding opportunities and ovcr see Ihc day lo day running of the Rosmini CenlTe. STATEMENT OF TRUSTEES RESPONSIBILITIES The trustees are responsible for preparing the financial slalements in accordance with applicable law and Uniled Kingdom G¢nerally A¢¢¢pl¢d Accounling Praclicc, Company law requires the trustees lo prepare financial stalemenls for each financial year. Under thai law the truslccs have cleclcd lo prepare the financial Malemenls in accordance with Ihc Uniled Kingdom Generally Accepled Accounting Practice {Uniled Kingdom Accounting Standards and applicable law). The financial statements are required by law 10 give a true and fair view of the siale of Ihe affairs of ihe ¢harilable company and of ihe surplus or deficit of the ehariiable company for that period. In preparing those financial statements, Ihe Irustees are required lo select suilablc accounting policies and Ihen apply them consistently,. mak¢ judgements and eslimaics that are reasonable and prndenl. prepare Ihe finaneial slaiements on the going concern basis unless il is inappropriaie 10 presume ihal the charilablc company will continue on that basis. The bo¥rd of Irust¢es is responsible for maintaining proper accounting records which disclose wilh reasonable accuracy al any lime Ihe financial position of the charitable company and lo enable them to ensure ihai the financial stalemenis comply wilh the Cornpanies Acl 2006. They are also responsible for safeguarding the assets of Ihe charilable company and hence for taking reasonable steps for the preveniion and detection of fraud and other irregularilies. This report has been prepared in accordance with the Sialemenl of Recommended Praclice - Accounting and Reporting by Charilies preparing their accounts in accordance with the Financial Reporting Standard applicable in Ihc UK and Rcpublic of Ireland (FRS 102) i55ued on 16 July 2014, and in accordance with the special provisions of Part 15 of the Companies Aci 2Crf)6 relaling lo small companies. O]Y BEHALF OF THE BOARD: Mr J McGill- Chairman Approved by th¢ Board of Trustccs on & hyu£k 7A)IS Page 4
Inde endent Examiner's Re ort to th Trustees on the Unaudited Financial Stvdtemellts of the ROSMINI CENTRE WISBECH Llmited b Guarantee MP YRE TER I report on the ac¢ounls of the company for the ycar ended 31 March 2025, which are set out on pages 610 14. RespeetSve responslbllltles of trustees And examiner As Ihe Charils irusiees, you are rcsponsible for the preparation of ihe accounts in accordance with the requirements of the Charities Act 2011 ("the Act"). l Teport in respect of my examinalion of the Tnl'S accounls carried out under seclion 145 of the 201 l Act and in carrying out my examination, I have followed all the applicable Directions givern by the Charity Commissi under seclion 145(S)(b) of the Act. Independen¢ examlner'$ statement I have completed my exarnination. I confinn that no malerial matter have come to my attenlion in conne¢lion with Ihe examination (olh¢r ihan that dis¢los¢d below) which gives me Cause to believe thal in, any material respecl: the accounling records were not kept in respecl of the Company as required by Section 130 of the Charities Acl; or the accounls do nol accord with the accounting re¢ord8' or the accounts do not comply with the applicable requirements concernn8 the forni and content of accounts set out in the Charititics (Accounts and Reports). Regulalions 2008 other than any requirement thai the accounts give a 'true and fair view whaich are not a maller considered as part of an independent exatnination. I have no concern5 and have come across no other matters in connection with the examinalion lo which aiiention should be drawn in this report in order to enable a proper inderstanding of ihe accounts 10 be reached. C18ire L Smilhee FCCA TC Group G14 The Boaihouse Business Cenire l Harbour Square Wisbech Cambrid8eshiTe PE13 3BH Page 5
ROSMINI CENTRE WISBECH Limited b Guarant StAtement of Financial Aetivities illcludin Income & Ex (or the ewr ended l M8r¢h 2 en iture 25 Unrestricted irtcomc nd Restricted income nd Endowment Fund Trf)tAI Funds Total Funds Nthe Income Income from generated funds: VoluntAry In¢ome: Donations etc. Attivltiei for ieneratlng fundg: Hall letlings Café and catenn Inveslmenl income In¢omt from ¢harl¢ible a¢¢lvltlei: Grants 1,680 2.873 22,649 134 4,093 22,649 134 4,093 26,575 173 1.086 127,995 127,995 154,520 Tolgl Income 28,556 127,995 156,551 185.227 Charltable a¢llvllle$ Govern&n¢e ¢osts 2,600 7.352 J51,566 354,166 7,352 319,942 7,065 Total Exptndlture 9,952 JSl,560 361318 327,01)6 Net Incomel(Expendlture) 18,604 (223,571) (204,967) (141.779) Net movement In funds for the year 18,6(M (223A71) (204,967) (141,779) Re¢on¢llliilon of funds Total funds brought forward 248,826 292,751 344,487 886,1)65 1,027.844 Total funds ¢Arrled forw8Jrd 267,430 69,180 344,487 681,098 886.065 The siai¢m¢nl of financial activities it)clud¢s all gains and losses rccognised im ihe year. All income and expendilure derive from conlinuing aclivilies. The fftotos ort pages 7 to 13 fomi part ofihese ac¢ownts, P48¢ 6
ROSMINI CENTRE WISBECH Llmlt¢d b Guarantee Balance Sh et Nolc 31.03.2025 31.03.24 Flxed Assets Tangible fixed assets 279J97 290.993 Current Asset5 Cash at bank and in hand Debtors and pr¢paym¢nts 406,814 584,760 26,872 611632 413,917 Less Current LIAblllt5es Creditors.. amounts falling due within one year 12,216 12.216 16,561 16.561 Net Currenl A$seti 401,701 595.071 Net Asset8 10 886,065 Unrestrl¢led Funds 267,430 248.826 Reslrlcled Funds 69,180 292,751 Endowment Fundj 344A87 344,487 TOTAL FUNDS 681 098 886.065 These accounis aTC prepared in ttccordancc with the special provisions of Part 15 of Ihc Companies Act 2006 relating lo small companies. The company is enliil¢d lo exemption from audil under section 477 of Ihe Companies Acl 2006 for the year ended 31 March 2025 Members have not required the c¢)mpany lo oblain an audit in a¢¢ordanc¢ wilh se¢lioD 476 of lh¢ Compani¢s A¢1 2006. The Iruslees acknowledge iheir responsibility for.. (A) ensuring Ihat the eompany keeps accounling records which comply wilh s¢clions 386 and 387 of the Companies Act 2006 and {b) preparing financial statements which give a Irue and fair view of the slate of affairs of the company as al the year end of each finan¢ial year Jnd of its profil or1055 for cach finan¢i31 y¢ar in a¢rordanc¢ with thc r¢quirem¢nls of section5 394 and 395 and which olhmvi5e comply with the rcquirements of the Companics Act 2006 r¢laling to financial 5tatcmcnt5. so far a5 applicable to the company. Approved by the Board of Trustees on d Sied on ils behalf by.. Mr J M¢Gill_ Chairnian Pag¢ 7
ROSMINI CENTRE WISBECH Limited b Guarantee StatemeTht of Cash Flows for the ear ended 31st March 2025 31.03.2025 31.03.2024 Net incomel(expenditure) for the reporting peri•)d (as per Siaiement of Financial Activities) (204,967) (141.779) Deprecialion charge Lo,(prOfit) on disposal of fed assels (In¢rease)Idecrease in debiors Increase/(decrcase) in creditors Cash used In oper4tln8 a¢tlvltle$ 11,596 11,173 19,770 210,339 9,160 88,893 177,946) Cash flow from Invesllng Actlvltles Purchase of tangible red assels Disposal of lan8ible fixed assels (1,163) Cash provided by (ujtd in) investing activities 1,163 Cash flow from flnanelng actlvltles Increase (deerease) In cash and eash equlvvdlents In the year 177 946 87,730 Cash and cash equivalenis at Ihe begJnnin8 of the year 584,760 497,030 To(al cash and cash equivalents al the end of ihe year 406,814 584,760 Page 8
ROSMINI CENTRE WISBECH Limited b Guarantee Notes to the Financial StPdtements for the ear ended 31 March 2025 l Accountlng Pollcles Basls of preparatlon: The financial slatemenls have been prepared in accordance wilh ACUnting and Reporting by Charities: Statement of Recommended Praelice applicable 10 charities preparing their aecounts in aceordanee with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015) - {Charilies SORP (FRS 102)), the Financial Reporting Siandard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Rosmini Cenlre Wisbech meets Ihe defmilion of a public benefit enlity under FRS 102. Assets and liabilities are inilially recognised at hislori¢ Cosl or Iransaction value unless oiherwise slated in the relevant aceountiftg policy note. Jncome All income is included in Ihe statement of financial aclivilies when ihe charity is entitled to the income and the amounl can be quantified with reasonable accuracy. Pernianenl endowment grants are deali wilh through the Slalement of Financial Activities when receivable. Expenditure Expenditure is recognised on an accruals basis as a liability is incurred. Expendilure includes any VAT which cannot be fully recovered , and is reported as parl of the expendire to which il rclalcs. Tanglble Flxed Assets Fixed assets are slated at cost less accumulated depreeiation. Depreciation is provided al raies calculaled to write ofr ihe cost of each asset over lis expected useful life. Leasehold property improvements are written off over the period of the lease once brought into use. Ol¢e and centre equipment is deprecialed al 25 /0 on Ihe reducing balance basis. Motor vehicles are depreciated at 250/0 on the reducing balance basis, Taxatlon Corporation tax Is not provided for in these accounts. The organisalton is a reEislered charity and is noi liable lo Income or Corporation Tax. Fund Accounting Unresiricted Funds '. These can be used in aceordance with charitable objects al the discrelion of the tnistees. Restricied Funds These can only be used for particular restricted purposes wiihin Ihe objecis of the charily. Reslrictions arise when specified by the donor or when funds are raised for particular restricled purposes. Endowment Funds . Capital grants receivable in rLspect of the Ccnlrc buildlng projcct have been treated as Endowment Funds. The Iruslees consider these grants to be of a permanenl nature and specifically restricted 10 the project. Various undertakings have been given in respect of repayTrent of project funding in the event of sale of the property or ¢essation of activities of the Centre. Page 9
ROSMINI CKNTRE WISBECH LIted b Guarante¢ Iyotes to the Fbnaneial Stalements for the ear ended 31 March 2025 2 Donations and Grants Unre51ricled Re51rictcd income income fund fund Endowrnent Fund Total Fund5 Total Funds 31.03.2025 2L22QL4 Donations 1,680 1,680 2,873 2.873 3 In¢ome from Charitable AcllvllleB Unrcstricled Re5trictcd income income fund fund Endowment Fund Total Funds Total Funds Advlce & InformAtlon Centre Big Lottery Fund CMF Translation and English Language CMF Statisiical Daia Gathering Cmf Communily Fairshare Know your Neighbourhood Food Bank CCF Small Grant WREN project Fwus on Flex Labour 79.410 1,434 2,035 79,410 1,434 2,035 78,583 1.797 1.470 36,255 33.144 3,000 8,284 33,144 3,000 284 4.000 22,665 6.528 16.278 688 Children & F&mlly Projects Evelyn Trust CLLD First Steps 127 995 154.520 Page 10
MIN ENTRE WI BE Llmlted b Garante e Nol $ lo the Flnan¢il te en¢$ for the eir endtd l March 2112S 4 Total Expendi1re 31.03.25 Tot•1 Ji.OJ.24 Total Costs dlrtetly •lloc•ted to Aetlvltk% l•ll teffl Littrte fer& H¢& Iixl¥ Reyits & rtrtw16 T¢lepknne & irAtrnei ai)ncry & ¢or4wn•bl¢s DeprEGliDn 2.600 46 11.160 17.486 lJ22 3,820 11.596 21S176 347 2.06J l J70 1,669 2,642 1,704 92 17A86 lJ12 3020 11.5 21S176 6a47 I03 iJ70 1th69 1,642 1,704 2.IKIQ 3,723 1.335 3.405 205,S28 7.155 2,300 4,182 1,567 2.770 70 2,(KJO 18,810 1S,2 832 330 5,168 18,5(4) 4,9Jl volUer1& •[reXpenseS COnTrI EveN TT•WoAl Homeless & ctssii SewrAI Food Blrtk BLF Pmithon I1,2SO 11.2 25,475 25,47S Adv¢rtii IT Sohw4rt& Co¥tsumablei 329 8J92 20,374 7.261 J29 *J92 ,374 7,262 CMF T11 & En¥lish Lawa¥¢ CMF Public H¢ahh Cowid CMpiON & PPE ¢osls Food pw¢hMcs& ciicrf 5uppor¢ ¢oili •llo¢Akd to •¢tlvl¢l¢s IMwiKes lThJeper4JeM exlmwdlon ftti s¢rwioths Bink¢lw¥E5 J,164 3.874 3,164 3074 09 145 7J5Z 2.870 3,834 66 295 7.065 245 Toill EiptNdilur¢ 317,441 11,2$0 25,473 7,3$2 361,518 327,006 D Dlrto illocaii U Usa&te allocation T Tratwlioos a]IwJiion gell
ROSMINI CENTRE WISBECH Limited b ran I I Stat¢menl r ¢nd¢d 31 Mar¢h 2025 rthe 5 Taxatlon As a charity. Rosmini Centre Wisbech is exempl from lax on income and gains falling within section 505 or the Taxes Acl 1988 or s256 of Ihe Taxation of Chargeable Gains Acl 1992 to Ihe exlenl thai ihese are applied lo ils charilabl¢ obj¢rlb. No tax ¢har8¢5 hav¢ arisrn in the Charily. 6 Net In¢omel(expcndlture} for lh¢ year The nel income/(expenditure) for the year is slated after charging.. 31.03.2025 31.03.2024 Independent examination fees 3,874 3,834 Deprecialion - owned assets 11.173 31.03.2025 31.03.2024 Staff costs Salaries, pensions and nalional insurance Travel & mileage 21S,176 6J47 205.528 7,155 221 $23 212.683 There wer¢ no trustees, remuncralion or other bcnefits for Ihe period ended 31 st March 2025 The average monthly number of employees during the period was as follows: Trustees Staff 13 15 7 Tangible Fixed Assets Leasehold Improvements Equlpment Motor Vehl¢le8 31.03.202S TolAI$ Cost Brought forward Adijilions Disposals 4A4,201 38.913 13,699 466,813 At 31 March 2025 414.201 38,913 13,699 466 813 Deprecljtlon Brou8hi forward Charge for ihe year Eliminated on disposal 13&025 7,891 3A,IS9 1,939 6,636 1,766 175,819 11,596 Ai 31 March 2025 145,916 187,415 NET BOOK VALUE At 31 March 2025 268,285 5,8l5 5,297 279J97 At 31 March 2024 276,176 7,754 7,063 290,993 Page 12
OSi¥IINI CENTRE WISBE Limlted b Guaront¢¢ Notes to the Financial StAtements for the ear ended 31 MArch 2025 8 Debtors and Prepayments: amounts fglling due within one year 31.03.2025 31.03.2024 Other debtors 7,ID3 26,872 26,872 9 Credltors and Accruals: amounts falllng due wlthln one year 31.03.2025 31,03.2024 Other creditors Accrnals 8,616 3,600 12.961 3.600 16,561 AO AnAIy818 of net assets between fund8 31.03.2025 Totgl funds 31.03.2024 Total funds Unre$tri¢ted Restrioted Endowment funds funds fundi Tangible fixed assets Current asscls Current liabilities AIA97 291243 (12,216) 5,461 63,719 285,532 58,955 279J97 413,917 (12.216) 290,993 611,632 (16,561) Net a$seti at 31 March 2023 267 430 344 487 886,065 11 Movements In Funds Incomlng Resour¢e$ Outgolng R¢sour¢e$ At 31 MAr¢h 2025 At l April 2024 Tran$fer5 UThrestrieted funds: 248,826 28.556 9,952 267,430 Restricted funds: 292 751 127 995 351,566 69,180 Endowment funds: 344 487 344 487 TOTAL FUNDS 886 065 156,551 681098 Page 13