REGISTERED CHARrrY NUMBER: 1122851 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEME18 FOR THE YEAR ENDED 31 MARCH 2025 FOR THE ROAN CHARITABLE TRUST Z&nith Advisory Chartered Accountants Chancenors House 3 Brampton Lane Hendon LoTrJon NW4 4AB
THE ROAN CHARITABLE TRUST coKrEtrifs OF THE FINANCIAL STATEMEp¥rs FOR THE YEAR ENDED 34 MARCH 2025 Pag• Referonce and Administrative Detai18 Report of the Trustees 2 to 3 Independent Examiner$ Report Slatement of Flnanclal Actlvltle8 Balance Shoet Nots• to the Financial Statements 7 to 12 Detslled Ststement of Fin¥n¢ial knlivilie¥ 13
THE ROAN CHARITABLE TRUST REFERENCE AND ADhlNISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2025 CHARrrf NUMBER 1122851 (Registered in England} TRUSTEES Lady M J Jarvis CBE Mr T J Swete (resigned 4 October 20251 Mrs S M Swele Mrs A J Sugd8n PRINCIPAL ADDRESS PO Box 2696 Woodford Gwn IG8 1UF AUDITORS Zonith Advisory Chartered Ae¢ountants and StalLrtory Audltor8 Chancellors House 3 Brampton Lane HeTrJon LoTrJon NW4 4AB BANKERS HSBC UK Bank plc 14 Bishopsgate London EC2N 3AQ Page 1
THE ROAN CHARITABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2026 The trustees present their report Mth the finanaal $tstements of the chanty for the year •nd8d 31 Mar¢h 2025. The truste&s have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommandgd Practice applicable to charities preparing their accounts in accordance with the Financtal Reporting Standard applicable in the UK and Republic of Iroland {FRS 1021 (èffective 1 January 2019). Trevor Swgtg The trustees are sad to announce the passing of Trevor Swete on 4 October 2025. Trevor had been a trustee from the beginning of the trust, serving as a wise and diligent advisor aTrJ valued member of the group. OBJECTIVES AND ACTIVITIES Con8tithlion, objectiV08 and alms of the charity The Roan Charitable Trust is constituted under a trust deed dated 24 January 2008 and wa5 registed as a charity with Charity Commission for England and Wales on 18 February 2008. The objectives of the charity a ta make grants for gen8ral charitable purpo68s. There were no restricted furbds held during the year or as at 31 March 2025. The charity derives its income from investment returns, which are then used to fund grants to other registed charitable organisations. Public b•n•frt The truste85 confimi that they have referred to the guidance containgj in the Charity Commission'$ general guidance on publi¢ b•nefit when reviewing the charity's aims and objectives and in planning fvtur¢ a¢tlvities and sotting tho grant making policy for the year. Prncedures and pollcy for grantmaklng The charity's policy is lo make grant$ to regIStsr ¢haritle$ In the fields of education, medical resoarch and oth8r ¢haritie$ that Can demon$lrat8 that tho grants will be used offo¢tivo1y. There is no formal grant application procedure. The trustees retain the seNices of a charitabl8 grant8 advisor and take account of the advice when deciding on grant8. During the year, tsyenty one grants amounting to £453,5C w•r8 made. ACHIEVEMEpifs AND PERFORMANCE Charltable activltlel During the year, the charity continued to 5UPPOrt chaiities which the trustees believed are able lo demonstrate that they Can utilise the funds effo¢tiv&ly. FINANCIAL REVIEW The current inveslmenl poli¢y is to taIn some of the available funds on bank deposit in order lo meet the payment of grant8 which have previously been committed to registered charities. The remaining surplus funds are invested in listed Instrents and cash managed by HSBC UK Bank plc. In the year ended 31 March 2025, incoming resources amounted to £194.690 and resources expènded amounted to £540,329. At 31 March 2025, the charity had unrestricted funds amounting to £8,376,621. The trustees have reviewed the charity'5 needs for reserves in line with the guidance issued by the Charity Commission. The current policy of the chanty is to maintain al least suffient funds to meet grants over a period of five years taking a¢Unt of expected grants and administration costs. FUTURE PLANS The charity plans lo continue supporting national and local charities and will in future support those intornalional charities, which the trustees feel are organised to ulilise funds in an effective way. Page 2
THE ROAN CHARITABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 STRUCTURE. GOVERNANCE AND MANAGEMENT The trusteos are appointed in accordan wlth tho tsm)s of the deed and the trust deed promdes for a minimum of four trustees. All the trtee8 are encouraged to attend board meotlngs to famliarise themselves with the Charity. The trustees have revlew&d the major stralegi¢ and operational risks to which the charity is exposed. Where appropriato, systems or pro¢oduro8 havo bo&n established to mtyate th& rlsks th• Charity facas. Internal control risks are minimised by Ihe implwnentation of pro¢edur8s for authorisalion of all trartsactions. Th•s• piocedures ar8 periodicalty reviewed lo ensure thal th&y continue lo meet the needs of tho charity. The ch8rity manages its finanGial risk by setting a reseNe8 polrcy which is regulaTty reviewed by trustg0$. Approved by order of the board of tru$lee$ on 2 Do¢•mber 2025 and signed on ils behaw by.. en (Dec 2, 2025 13:43..23 GMT) Mrs A J Sugden- Trusteo Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ROAN CHARITABLE TRUST Independent examinerfs report to tho Irustees of Tho Roan Charitabl¢ Trust I report to the Charity trustees on my examinatK*n of the accounts of The Roan Charitable Tru81 (the Trust) for the year erKled 31 March 2025. Responsibilities and basis of rnport As the charity trustees of the Trust you are responsibl8 for tho preparation of the accounts in accordance with the requirerrEnts of the Charitie5 Act 2011 Ilhe Act'}. I report in respect of my examination of the Trusl's accounts carried out under Section 145 of the Act and in carying out ry e8M1nation I have followed all applicable Directions given by the Charity Commission under Section 145151{b} of the Act. Independent examinerfs statement I have completed my examination. I confirm that no materral matters have ¢cme to my attention in connedion wlth the examination givin9 me cause to believe that in any matsrial respect.. accounting records were not kept in resped of the Trust as required by Section 130 of the Act,. or tha a¢¢ounl$ do not ac¢ord wlth those records., or tho a¢¢ount$ do not ¢omply with the applicable requiremerrts concerning the form and ¢onlenl of a¢¢ounts set out in the Charities {A¢¢ounts and Reports) Regulations 2008 other than any requir&m•nl that the accounts give a true and falr vlew which 16 not a matter considered as part of an ind8pendent examination. I have no con¢ems and have come across no other matters in Gonne¢tion wlth the èxamlnation lo which attention shoukl b drawn in this report in order to enabl8 a prow Unrstanding ofthe accounts to be reached. Martin Tiano FCA Zenrih Advisory Chartered Accountants Chancellors House 3 Brampton Lane Hendon London NW4 4AB 2 December 2025 Page 4
THE ROAN CHARrrABLE TRUST STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31 MARCH 2025 2025 Unrestrictsd fvnd 2024 Total furKIs Notes INCOME AND ENDOWMENTS FROM Donalions and legacies 21.535 Investment income 194,690 227.196 Total 194,690 248,731 EXPENDITURE ON Ral$lng funds 57,769 58,888 Charitabl• a¢livltlo8 Charitable activities 453.500 477,000 other 24,260 27.090 Total 535,529 562,978 Net 98in$ on investments 47,525 945,931 NET INCOMEI(EXPENDITURE 1293,314) 631,684 RECONCILIATION OF FUNDS Total fund$ brought forward 8,674.735 8.043,051 TOTAL FUNDS CARRIED FORWARD 8.381.421 8.674,735 The not8$ forn part of these financial statements Page 5
THE ROAN CHARITABLE TRUST BALANCE SHEET 31 MARCH 2025 2025 Unrestrfded fvnd 2024 Total fvnd8 Notes FIXED ASSETS Investrnents 8.362,165 8.383,905 CURRENT AS8ET8 Debtors Cash at bank 10 40,983 315,497 40,983 319,343 CREDITORS Amounts falling due wbthin orE year 11 (21,7271 128,513) NET CURRENT ASSETS 19.256 290.830 TOTAL ASSEfs LESS CURRENT LIABILMES 8.381,421 8.674,735 NEf ASSETS 8,381,421 8,674,735 FUNDS Unrestricted fund8 12 8,381.421 8.674,735 TOTAL FUNDS 8,381,421 8.674,735 The finan(xal statements were approved by Ihe Board of Trustees and authoTi6ed for issue on 2 December 2025 and were sign8d on its behalf by.. ijg en (Dec 2, 2025 13.'43.'23 GMT) A J Sugd¢n- Trust•0 The notes fomi part of these financ4al Statements Pw6
THE ROAN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 CHARITY STATUS The Roan Charitable Tru81 is a charity registered with the Charlty Comml$sloft for England and Wal•s. The charity is exempt from di¢1 taxation. The charity constitutes a publi¢ nefit entity as defined by FRS 102. ACCOUNTING POLICIES Basis of preparing the financial statgrngnts The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP {FRS 102} 'Accounting and Reporting by Charities.. Sialement of Recommended Practice applicable lo chartties preparing their accounts in accordance with the Financial Reporti Stsndard applicable in the UK and Republic of Ireland IFRS 1021 {effective 1 January 20191,, Financial Reporting Standard 102 The Financial Reporting Stsndard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. with the eXptIon of investments which are included at market value, a$ modified by the revaluation of certain assets. Income All incomé is cogniSed in the Ststement of Financial Adivilies once the charity has entidement to tr* fvnds, It is probab10 that tho income will b& received and Ihe amount can be measured reliably. Expènditure Liabilities are re¢ognis¢d as expendilure as soon as there is a legal or constructive obligation committing lh8 ¢harrty to that expenditLtre, il is probable that a transfer of econom1¢ bon¢fit$ will ba required in settlem•nt and the amount of the obligation Can be measured reliabty. Expenditure is accounted for on an accruals basis and has been dassified under headings that aggr•gate all cost related to the category. Where costs cannot be directly attributed to particular heading8 they have bo¢n allocated to activities on a basls consl$tent wlh th8 us& of re$ouKes. Grants offered subject lo condillon$ which have not been mel at the year end date are noted as a Mmitnnt but not accrued as expendtture. Taxatlon The tharity 1$ exompt from tax on its charftable a¢tlvlti•s. Fund a¢¢ounting Unrestricted fund$ can ba used in accordan with the chariiable objectives at the discretion of the trustees. Restricted fund5 can only be used for particular restridgd purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further e>planation of the nature and purpose of each fund is IndUd in tho notes lo the financbal statements. Reallsed and unrgali$ed gains and losse5 AN gains and losses are taken to the Statement of Financial ActivrlÈs as they arise. Realised gains arbd losses on fixed a55el investments are calculated a5 the difference belween sales proceeds and opening carrying vae or their purthase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference beeen the fair value at thg year end and their carrying value. Fixed asset investments Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balancÈ Sheet date using the closing quoted mart<et price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year. Page 7 continued...
THE ROAN CHARrrABLE TRUST NOTES TO THE FMNCIAL STATEMENTS . ¢ontinu•d FOR THE YEAR ENDED 31 MARCH 2025 OTHER SERVICES PROVIDED BY AUDrroRS In coffffion with many charities of our size and natura we use our auditors to assi81 with the preparation of the financial 8tatement8. INVESTMENT INCOME 2025 2024 Dividands- UK equities Divid•nds- Fomign UltieS Bank deposit interest reGeivab Interest- Il$led Investments 45,728 89,264 6,934 52,764 54,435 98,754 9,425 64,582 194,690 227,196 RAISING FUND8 Inv•stm•nt managom8nt coÉt8 2025 2024 Portfolio manag•m8nt 57.769 58,888 GRANTS PAYABLE 2025 2024 Charilable activities 453,500 477,000 Durlng tho year, th& followSng grants wore paid lo r•gislorod ¢haritl•g'. 2025 2024 Noof grants Total Noof grants Total The Royal National Institute of Blind Peopla Community Security Trust Cancer Research UK Royal Opera House Covenl Gar(len Foundation SAroke As$oclallon Jewish Care REACT Macmillan Cancer Support Great Omiond Street Hospital Children's Charity Volunteering Matters Pea¢8 Hospi Car8 Haven House CPotential The Royal Marsden Cancer Charity Basingstoke & North Hampshire Medical Trust My Israel Lambrook School Trust Ltd St Mungo Communlty Houslng As$o¢iation Thames Vall•y Air Ambulan¢0 Restle$s Development Rennie Grove Peace Hospice Care The Brian Adams Foundation Young Minds Trust Whittington Heah NHS Trust Chicken Shed 75,000 5,000 100,000 50,000 25.000 25,000 50,000 5,000 20,000 15,000 75.000 5.000 100,000 75,000 25,000 25,000 5,C(JO 20.C(10 15,000 £5,000 10,000 10,000 25,000 10,000 2,500 5,000 5,000 5,000 25,000 25.000 2,000 5,000 1.000 5.000 5,000 1,000 21 453,500 22 477,000 Page 8 continuèd...
THE ROAN CHARrrABLE TRUST NOTES TO THE FINANCIAL STATEMENTS . contlnued FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES. REMUNERATION AND BENEFIT8 There w•r• no trustees, remuneration or other benefits for the year eTrJed 31 March 2025 nor for the year eIed 31 March 2024. Tnwtee$' oxpgns85 There were no trustees, expènses paid for the year end&d 31 March 2025 nor for the year ended 31 March 2024. COMPARATIVE8 FOR THE STATEMENT OF FINANCIAL ACThIITIES Unrestricted fund INCOME AND ENfKIpivMENTS FROM Donations and legacies 21,535 Invesbnent in¢ome 227.196 Total 248.731 EXPENDITURE ON Raising funds 58,888 Charilable actlvltle8 Charitable a1V•S 477.000 Other 27,090 Totsl 562,978 Net gains on investrments 945,931 NET INCOME 631,684 RECONCILIATION OF FUNDS Total fund8 brought forward 8,043,051 TOTAL FUNDS CARRIED FORWARD 8,674,735 FIXED Ass INVESTMENTS Listed investments MARKET VALUE At 1 April 2024 Additions Disposals Revaluallon$ 8,383,905 4,113,411 (3,721,947) 1413,204) At 31 March 2025 8,362,165 NET BOOK VALUE At 31 March 2025 8,362,165 At 31 March 2024 8,383,905 Page 9 continued...
THE ROAN CHARrrABLe TrUST NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2025 FIXED ASSEf INVESTMEpifs - ¢ontinuod Thera were no investment as$ds outsid• Ihe UK. Cost or valuation at 31 March 2025 15 represented by.. Listed investments Valuation in 2025 8,362,165 All invesknent8 were held in the UK and managed by HSBC UK Bank pl¢. During the year, inveslrnent8 Wlth original ¢o$t of £3,721,356 were Sold re81i8ing a gain of £453,057. 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Prepayments and acc1 income 11. CREDITORS: AMOUNT8 FALLING DUE WITHIN ONE YEAR 2025 2024 Other creditor5 21,727 28.513 12. MOVEME1 IN FUNDS Net movement in funds At 31.3.25 At 1.4.24 Unr•8trlct•d funds General fund 8,674,735 (293,3141 8,381,421 TOTAL FUNDS 8,674.735 (293,314} 8,381,421 Net movement In fund8. included in the above are as follows.. Incoming resour¢oS Resources expended Gains and losses Movement in funds Unre$tri¢ted funds General fvjnd 194,690 1535,529) 47.525 1293,314) TOTAL FUNDS 194,690 1535.529) 47,525 1293,314} Page 10 ¢ontinued...
THE ROAN CHARITABLE TRUST NOTES TO THE HNANCIAL STATEMENTS - ¢onllnu¢d FOR THE YEAR ENDED 31 MARCH 2025 12. MOVEMENT IN FUNDS - contlnuod Comparatlves for movement In funds Net moveN*nt in fvnds At 31.3.24 At 1.4.23 Unr•strlet•d funds General fijnd 8,043.051 631,684 8,674,735 TOTAL FUNDS 8.043.051 631,684 8,674,735 Comparatlve nel movoment in funds. included in the above are a$ follows.. In¢oming resou5 Re$ourcoS expended Gains and h)sses Movomont in funds Unrestrlcted funds General fund 248,731 {562,978) 945,931 631,684 TOTAL FUNDS 248.731 (562,978) 945,931 631,684 A current year 12 months and prior year 12 months combined position is as follows.. Net movement in funds Al 31.3.25 At 1.4.23 Unrestricled fund• General fvnd 8,043,051 338,370 8,381.421 TOTAL FUND8 8,043,051 338,370 8,381,421 A Cuent year 12 months and prior year 12 month8 ¢Ibined nel m0M•nI in funds, induded in th• aLw)vo aro a$ folknvs.. In¢oming resource8 Resources expended Gains and losses Movement in fund$ Unrestrlcted fvnd8 General fund 443.421 {1,098,507> 993,456 338,370 TOTAL FUNDS 443,427 11,098,507) 993,456 338,370 Page11 contlnued...
THE ROAN CHARITABLE TrUST NOTES TO THE FINANCIAL STATEMEKfs- ¢ontlnu•d FOR THE YEAR ENDED 31 MARCH 2026 13. RELATED PARTY DISCLOSUR&8 There were no related party transactions forth8 year ended 31 March 2025. Page 12
THE ROAN CHARITABLE TRUST DETAILED STATEMENT OF FINANCIAL ACTivrriES FOR THE YEAR ENDED 31 MARCH 2026 2025 2024 INCOME AND ENDOWMENT8 Donation• and ga¢1 Donations 21,535 InStMent In¢ome Dividends - UK equities [lidends- Foreign equities Bank deposit interest receivable Interest- lisknj investments 45,728 89,264 6,934 52,764 54,435 98,754 9,425 64,582 194,690 227.196 Totsl incoming Yesources 194.690 248,731 EXPENDMJRE Invèslm¢nt management ¢osts Portlolio managemént 57,769 58,888 Charitabl8 acliviti Grants to institutions 453,500 477,000 Support ¢ts Flnance Bank charges 71 107 Oth•r {Gains)nosses on foreign exchang• 11,6111 (17) Govèrnance costs Accountancy and legal fees Investrnent advice 7,800 18,000 9.000 18,000 25,800 27.000 Total reSoUrS expended 535,529 562.978 N•t expondiluro before yln8 and losses 1340.839) 1314,247) Realised recognis•d gains and lo$ses Realised gainsl{lossgs) on fixed asset investments Unrealised gainslllossesl on flxed a$$8t investments 453,057 {7,045} {405,532) 952.976 N•t l•xp•ndltur•yincome 1293.314> 631,684 This page does not fomi part of thé statutory financi81 statements Page 13