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2022-03-31-accounts

Rosa Fund Annual Re ort p

Annual report of the Trustees, audited financial statements for the year ended 31st March 2022

ROSA ANNUAL REPORT: 2021-2022

Report of the Trustees for the Year Ended 31st March 2022

The Trustees, who are also Directors of the Charity for the purposes of the Companies Act 2006, present their report with the financial statements of the Charity for the year ended 31st March 2022.

REFERENCE AND ADMINISTRATIVE DETAILS:

Registered Company Number: 06598018 (England and Wales) Registered Charity Number: 1124856

Registered Name: Rosa Fund

Registered Office: 4th floor, The Resource Centre, 356 Holloway Road, London, N7 6PA Change of office July 2022

*For the purpose of these accounts any reference to Rosa means Rosa Fund.

TRUSTEES:

Catherine Dovey, Chair

Gilly Green

Sheila Jane Malley, Vice-Chair

Kay Ali

David Aeron-Thomas, Treasurer Linda McDowell – Retired 5th July 2021

Ruth Pearson – Retired 12th July 2021

Lisa Raftery

Sarah Barber

Beverley Huie

Claudia Dickens – Appointed 19th July 2022

Esmeralda Gambelli – Appointed 19th July 2022

Memento Charinga – Appointed 19th July 2022

Reetu Sood – Appointed 13th October 2020, retired 8th November 2021

Sarah Jackson

Shanta Assani – Appointed 19th July 2022

CHIEF EXECUTIVE OFFICER:

Rebecca Gill

AUDITORS:

Dunkley’s – Woodland Grange, Woodlands Lane, Bradley Stoke, Bristol BS32 4JY

SOLICITORS:

Bates Wells – 10 Queen Street Place, London, EC4R 1BE

BANKERS:

HSBC – 74 Goswell Road, London, EC1V 7DA

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ROSA ANNUAL REPORT: 2021-2022

Contents

Contents
REPORT OF THE TRUSTEES 1
FOREWORD 4
REFLECTING ON ROSA’S ACHIEVEMENTS 6
THANK YOU TO DONORS 31
STRUCTURE, GOVERNANCE AND MANAGEMENT 33
FINANCIAL REVIEW 37
STATEMENT OF TRUSTEE RESPONSIBILITIES 39
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES 42
OF ROSA FUND
STATEMENT OF FINANCIAL ACTIVITIES 46
BALANCE SHEET 48
STATEMENT OF CASH FLOWS 49
NOTES TO THE FINANCIAL STATEMENTS 50

2

Foreword

ROSA ANNUAL REPORT: 2021-2022

Foreword

As the country enters a new crisis, it is easy to forget those moments of optimism at the start of 2021 when the phrase “build back better” held promise.

We saw through the pandemic that inequalities drive deep hardship, particularly for women and girls. We learnt that unity and collaboration offer both strength and hope, and the women’s and girls’ organisations we support have these in abundance. As we face a new period of difficulty, these lessons matter.

The pandemic gave a glimpse of the resilience that is possible when organisations are supported in their communities and by their funders. When we collaborated, when funders removed barriers to funding and took risks in our approaches, and when we truly listened to what organisations needed, we became more effective: emergency funding during the pandemic prevented hundreds of organisations from closing. To emerge stronger from this new crisis, we need to learn from our past experiences and channel our energy into our shared set of values, so we may continue to work together towards the common goal of making the UK safer and fairer for women and girls.

Women’s and girls’ organisations are critical in delivering this goal: whether they are delivering crisis support, frontline services, advocacy, campaigning and influencing, these organisations make a difference and deliver change. Womenled organisations are essential in sustaining an effective civil society by representing and responding to the lived experiences, long term and changing needs of women and girls across the UK.

Rosa remains the only UK funder dedicated to funding and supporting the women and girls sector. We exist to draw in and distribute funding to the women and girls sector, to strengthen these organisations and to use our voice to achieve change. Our values are at the heart of what we do. We are bold, agile, collaborative, inclusive and transparent. Through 2021/22, our values underpinned every aspect of our work so our actions match our beliefs and our intent.

We are grateful to our donors and partners whose generosity and shared belief in the ability of women’s and girls’ organisations to deliver change has powered all our work. Thanks to their support, we have together channelled £2million into the women and girls sector this year, we awarded 78 new grants, and we have continued to support more than 200 women-led organisations across our programmes who together reached 90,000 women and girls across the UK during 2021/22.

Rosa was founded to address the acute lack of funding for the women and girls sector in the UK. As a relatively small funder, we seek to focus our funding programmes in areas where the need for funding is greatest, based on research and analysis of the sector.

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ROSA ANNUAL REPORT: 2021-2022

FUNDING:

We have raised over £2million in funding to channel into organisations led by and for women and girls across the UK.

All of our analysis shows that organisations led by and for Black and minoritised women and girls receive less funding than other organisations and this year, 70% of all funding awarded by Rosa went to organisations led by and for Black and minoritised women and girls. We also developed Rise fund, specifically designed to strengthen and sustain these organisations.

To deliver our goals for the women and girls sector, Rosa must represent and be accountable to the communities we collaborate with. We therefore work alongside women who are experts with lived experience of the challenges women’s and girls’ organisations seek to address. We do this through working groups, advisory groups and in our teams of assessors. For the Rise Fund, all our assessors and decision-makers were Black and minoritised women. We have actively reviewed our work to understand how racism and racial inequality experienced by communities are perpetuated and have sought to address this in our actions. We have reviewed our governance structures and increased the racial diversity on our Board of Trustees, ensuring that 50% of our Trustees are Black and minoritised women.

Our extraordinary staff team also continues to grow to support the depth and breadth of our programmes. In 2021/22 we had a team of six dedicated and dynamic colleagues who worked tirelessly not only to support our investment in women’s and girls’ organisations, but who also provided ongoing training, events, research and communication in order to build capacity across the wider sector.

And last, but not least, we are extremely grateful for the dedication, support and expertise that is provided by our committed Board of Trustees. We are delighted to have further expanded our Trustee team with the appointment of Shanta Assani, Memento Charinga, Claudia Dickens and Esmeralda Gambelli in July 2022. We would also like to express our deep gratitude to David Aeron-Thomas who has supported Rosa in the role of Treasurer since 2017 and who will retire at the end of 2022.

Cath Dovey, Chair Rebecca Gill, CEO

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ROSA ANNUAL REPORT: 2021-2022

Reflecting on Rosa’s Achievements 2021/22 at a glance

Total rants awarded g

£2,131,000 £40,000 Voices from the Frontline £299,000

Justice and Equality Fund (JEF)

----- Start of picture text -----
£1,792,000
----- End of picture text -----

Women Thrive in partnership with Smallwood Trust (including £807,092 given to Smallwood Trust to distribute)

Grant sizes: £9,156 - £50,000

£13,426

Average Voices grant

£27,370

£49,705

Average Women Average JEF grant Thrive grant

£9,156

£50,000

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ROSA ANNUAL REPORT: 2021-2022

----- Start of picture text -----
Map of grants awarded: Organisations Funded:
11
Scotland
North East
78
5
8 Total
10
Yorkshire &
Northern
the Humber
Ireland North West
West 3
Midlands 1
East of
9 2 England
MidlandsEast Voices from the Frontline 3
5
Justice and Equality Fund 5
Wales
21 Women Thrive 70
1
London
South East
2
South West Average
income
----- End of picture text -----

----- Start of picture text -----
Average
income
£223,
970
----- End of picture text -----

----- Start of picture text -----
.
4 5k
Estimated number of
women reached in 21/22
Themes
Health and Economic
Wellbeing Justice
Leadership and
Representation Safety
----- End of picture text -----

size of organisations funded

----- Start of picture text -----
%
----- End of picture text -----

Approximately 70% led/ by for Black and minoritised women

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ROSA ANNUAL REPORT: 2021-2022

2021-22 - the year at a glance

Throughout 2021/22, Rosa has launched funding programmes, awarded grants, conducted research to inform our approach to grant-making and worked collaboratively with experts from across the women and girls sector.

Our work is divided into three strategic areas: Investing in organisations, Strengthening organisations and Using our Voice to achieve change.

----- Start of picture text -----
INVESTING
Rise Fund working
group meetings started
STRENGTHENING
Gifted £519k by Reclaim
Rosa conference
These Streets for Stand
With Us fund INVESTING
Announcement
of final grants
from Justice and
INVESTING
Equality Fund
Final C19 funding STRENGTHENING
programme
grants awarded Grants assessor
recruitment
for Rise Fund
Mar Apr May Jun Jul Aug Sep Oct
2021 2021 2021 2021 2021 2021 2021 2021
----- End of picture text -----

STRENGTHENING Delivered networking and training to women’s and girls’ organisations

INVESTING Women Thrive Fund grants awarded

----- Start of picture text -----
INVESTING
----- End of picture text -----

Women Thrive Fund panel assessments

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ROSA ANNUAL REPORT: 2021-2022

Using Our Voice Investing in organisations Strengthening organisations

----- Start of picture text -----
Investing in organisations
Strengthening organisations
USING OUR VOICE
Published call for
tenders for research
mapping project:
Mapping funding
into the UK Women
and Girls sector
INVESTING
Rise Fund fundraising
ended, raised £1.5 million
INVESTING
Announced
Stand with
INVESTING
Us working
group Stand With
Us Fund
Rise Fund INVESTING opened for
open for Stand with Us applications
applications
fundraising
ended, raised a
further £265k
Nov Dec Jan Feb Mar Apr May
2021 2021 2022 2022 2022 2022 2022
STRENGTHENING
INVESTING
Grants assessor
training for Rise Fund
Rise Fund decision
USING OUR VOICE
panel
Sector survey on
Violence Against
Women and Girls
(VAWG)
USING OUR VOICE
VAWG Association VAWG ACF group
of Charitable
Foundations
(ACF) group
----- End of picture text -----

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OSA ANNUAL REPOR T: 2021-2022-' 10

ROSA ANNUAL REPORT: 2021-2022

The challenge:

“ Rosa wants to see the sector thrive and flourish rather than simply survive to fight another day. To ensure this happens, the women and girls sector needs more long-term funding to ensure its security and sustainability.”

Rebecca Gill, Chief Executive Officer, 2022

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ROSA ANNUAL REPORT: 2021-2022

Vision, Mission and Values

Rosa’s vision is of a society in which women are safe, healthy, and equal at work, at home and in public life. Rosa’s mission is to contribute to improving the lives of women and girls by drawing in and distributing funding and resources to the women and girls sector, by strengthening organisations and by using our voice to achieve change.

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ROSA ANNUAL REPORT: 2021-2022

The UK needs specialist women’s and girls’ organisations and yet a persistent neglect of women’s and girls’ rights means these organisations often lack access to the funds they need to deliver the critical work they do.

Without adequate funding, these organisations cannot survive, let alone thrive, and women and girls miss out on the services, programmes, and advocacy they need.

Rosa helps specialist women’s and girls’ organisations access the funding and resources they need. We use our expertise and knowledge to deliver equitable and participatory grant-making for specialist organisations led by and for women and girls.

The values we uphold are reflected in our work. We ensure that we are:

Bold:

We seize new opportunities, and we are not afraid to take risks in pursuit of our mission and vision.

Collaborative: We work with and for our partners, constantly identifying ways to collaborate rather than compete.

Inclusive: We value the diversity of the UK women and girls sector, and seek to harness the power of its different perspectives.

Agile:

We adapt our work swiftly to meet the changing needs of the women and girls sector and the wider context.

Transparent: We recognise our power as a funder and strive to constantly improve our work.

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ROSA ANNUAL REPORT: 2021-2022

Rosa’s value to grantees

Understanding

Representation

our grantees feel that we respect and value their work and understand the barriers they face.

grantees can see that similar organisations to them can access funding from Rosa.

Accessibility

our simple and straightforward application process improves access to funding for many of our grantees.

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ROSA ANNUAL REPORT: 2021-2022

Rosa’s value to donors

Trust

We ensure our donors’ funding is spent effectively on causes they care about and on organisations whose missions they believe in.

Reach

We reach organisations many donors wouldn’t be able to fund directly without building up a significant grant-making infrastructure.

Expertise

We understand the context in which women’s and girls’ organisations operate. We have the expertise and a robust due diligence process that ensures funding goes where it is most needed and is well spent.

Impact

Through a single donation to Rosa, donors can reach a wide range of organisations, issues and regions. Rosa will provide donors with material which clearly demonstrates the impact of their grants.

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ROSA ANNUAL REPORT: 2021-2022

Our activities 2021-22

Rosa’s main activity is grant-making, but it’s about more than just distributing funds. We work with the sector to understand where gaps in funding exist, identifying both long term and pressing issues and we design accessible, impactful funding programmes that meet the needs of women and girls across the UK.

We actively fundraise to cover the costs of our activities because, unlike many grant-makers, we do not have an endowment.

In any given year, Rosa is operating funding programmes in three different ways: distributing grants through a programme, managing grant awards that have previously been distributed and designing and fundraising for a new programme. This is reflected in our financial statements on pages 45-69.

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ROSA ANNUAL REPORT: 2021-2022

Investing in organisations Grant programmes that distributed funding in 2021/22

Women Thrive Fund

Delivered in partnership with Smallwood Trust, the Women Thrive Fund distributed £1.79 million of Tampon Tax funds granted by the Department for Digital, Culture, Media and Sport to organisations led by and for women and girls across the UK. The Women Thrive Fund aimed to improve mental health and wellbeing and financial resilience by offering grants of up to £50,000 to women’s and girl's organisations. The fund launched in February 2021 and grants were awarded in 2021/22.

70

grants awarded

£1.79m distributed

40,000+

women and girls directly supported

82%

of applicants had an income of less than £500,000

665

applications received (one in ten applications successful)

43%

of applications were from organisations led by and for Black and minoritised women

“Funding from Rosa supported Sister System’s crucial peer mentoring activities, allowing care-affected girls and young women to uplift each other from one generation to the next. Thank you for supporting us to create positive change in our community through our life-changing support services.”

Sister System, Women Thrive Fund grantee, 2021.

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ROSA ANNUAL REPORT: 2021-2022

Investing in organisations

Justice and Equality Fund (JEF)

Launched in 2018 from a hugely successful and high profile crowdfunding campaign, the Justice and Equality Fund aimed to tackle the culture of sexual harassment, abuse and impunity in the UK by resourcing a network of advice, support, and advocacy organisations. With our funding, grantees were able to deliver innovative projects to address sexual harassment in workplaces, communities and in public spaces.

The fund’s final grants were awarded in 2021/22, bringing the total amount of funding distributed to £2.5 million across 59 grants.

“Rosa funded us under the Justice Equality Fund to work on a specialist legal advice project called My Body My Rules, in partnership with Latin American Women’s Association and the Angelou Centre. The project focuses on BME and migrant women’s experiences of sexual harassment and abuse. It’s allowed us to better understand sexual harassment in the context of violence against women and girls and how it fits in with our existing work.”

London Black Women’s Project, JEF grantee, 2021.

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ROSA ANNUAL REPORT: 2021-2022

Grant programmes evaluated by Rosa in 2021/22

Covid-19

In 2021/22, we began to evaluate the impact of two emergency response funds that were developed to meet the needs of women’s and girls’ organisations during the pandemic.

Through our Covid-19 Response Fund and our Emergency Response Fund for BME Women’s Organisations we raised over £2.2 million and reached 110 organisations across the UK.

ROSA’S COVID-19 RESPONSE FUND (SMALL GRANTS)

72 grants awarded

£1.6m distributed

£7,500 average grant size

41

organisations led by and for Black and minoritised women and girls supported

GRANTEES FEEDBACK ON THE IMPACT OF ROSA’S COVID-19 FUNDING:

96%

said funding improved women’s and girls’ wellbeing and ability to cope during the pandemic

62%

said funding helped their organisation to be more sustainable and/or addressed significant cash flow issues

“ We have been able to address the mental health issues of our members with the focus groups we hold online. Our members emphasised that this was greatly helpful over the pandemic as it is one of the only ways they still have to socialise and express themselves. Without funding from Rosa this would not have been possible.”

Feel Good Women’s Group, Covid-19 Emergency Response fund grantee, 2021.

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ROSA ANNUAL REPORT: 2021-2022

Investing in organisations

Rosa’s Covid-19 Emergency Response Fund for BME Women’s Organisations[*]

38

grants awarded

11

organisations led by and for Black and minoritised women and girls supported

distributed

3,100+

women and girls directly supported

16

organisations addressing violence against Black and minoritised women and girls supported

GRANTEES FEEDBACK ON THE IMPACT OF ROSA AND IMKAAN’S FUNDING:

100%

agreed that funding helped their organisation to improve women’s and girls’ access to support services

93%

“ Funding from Rosa made it possible for us to purchase and install the required IT and computer network system that could be adequately used by staff responding to the increased needs of our client group.”

African Women’s Care, Covid-19 BME grantee, 2021.

reported that funding helped their organisation to adapt work or deliver core services in fundamentally different ways

*Developed in partnership with Imkaan

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ROSA ANNUAL REPORT: 2021-2022

Grant programmes designed and fundraised for in 2021/22

Rise Fund

Voices from the Frontline

The Rise Fund was developed in response to findings from an in-depth review of Rosa grantees and their experiences during the pandemic.

Voices from the Frontline funds grassroots campaigning and activism to elevate the issues experienced by women and girls across the UK.

We have not run Voices from the Frontline since before the pandemic, but have continued to manage the grantees from previous programmes throughout 2021/22. We also worked with Kering Foundation to distribute further funding to three grantees.

Time and again, organisations led by and for Black and minoritised women and girls told us how they were losing out on funding opportunities to race and gender ‘neutral’ organisations. They were faced with delivering complex service provision on very limited funds.

Through the Rise Fund, we have offered two-year grants of up to £40,000 to organisations led by and for black and minoritised women and girls that have been established for three years or more, and that have an average income of less than £100,000 per year. Grants will provide support with areas of organisational development work and projects will end by December 2024.

“ We secured funding from Rosa’s Voices from the Frontline fund for four years and the impact has been significant. These grants have enabled us to transform our activism work. We have been able to reach out and engage with more women and girls through public events, service user groups, online consultations and co-production.”

Rosa formed a critical friends group and working group, comprised of Rosa Trustees and experts from the sector, all Black and minoritised women, to guide the fund. In addition, a team of independent assessors were recruited and trained to assess the shortlisted applicants. We worked with our funding partners throughout the year to raise the full costs and launched the fund in November 2021 with a total of £1.4 million.

Rape Crisis Tyneside, Voices from the Frontline grantee, 2021.

“I am proud and delighted that Rosa is investing in so many incredible organisations led by and for Black and minoritised women through the Rise Fund. There is a huge need for sustainability funding and Rosa has a proud history of funding women’s and girls’ organisations that otherwise struggle to access funding. Through the Rise Fund, organisations will be in a stronger position to thrive and grow in the future, which is why we will be continuing to seek investment to carry on this vital work.”

Lisa Raftery, Rosa Trustee and Chair of the Rise Fund Advisory Panel, 2022.

1 In Autumn 2020, Rosa conducted video calls with 52 of the 99 organisations we supported with the two Covid-19 response funds, 80% of which were with organisations led by and for Black and minoritised women and girls.

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ROSA ANNUAL REPORT: 2021-2022

Investing in organisations

Stand With Us Fund

The Stand With Us fund was set up in 2021/22 to support the many organisations run by and for women who stand up and take action every day to address violence against women and girls (VAWG). Started with donations raised by Reclaim These streets, the Stand With Us fund aims to empower and strengthen organisations to build safer futures for women and girls.

The Stand With Us fund opened in April 2022, offering one-year grants of up to £25,000 to organisations delivering frontline services addressing violence against women and girls in the UK. The funding was available to organisations with an average annual income over the last three years of between £100,000 and £500,000.

Rosa worked with an Advisory Group comprised of two Rosa Trustees, five VAWG experts from across the UK as well as two representatives of Reclaim These Streets, to determine the parameters of the fund. The Advisory Group developed and agreed the details of the fund, including the type of organisations the fund will support; the aim and priorities of the fund, and how much organisations can apply for.

“My experience of being an Advisory Group member for the Stand With Us fund has been avery positive. The group represented people from diverse backgrounds with experience in VAWG sector. The diverse experiences of the members benefitted in setting up sincere eligibility funding criteria to make it easy for many small organisations to apply. I strongly believe this funding will help many women to gain back their confidence and control of their choice/s.”

Girijamba Polubothu, Stand With Us Fund Advisory Group member

Grants of up to

£25,000

available

22

ROSA ANNUAL REPOR T.. 2021-2022 STAND WITH ri 23

ROSA ANNUAL REPORT: 2021-2022

Strengthening organisations

Investing in organisational development, capacity building and infrastructure benefits the women and girls sector by strengthening organisations delivering frontline work. In 2021/22, we delivered a variety of activities which have helped to galvanise and build the women and girls sector, including training, networking opportunities and Rosa’s annual conference.

ASSESSOR RECRUITMENT

We recruited eight new freelance assessors to help review grant applications.

TRAINING

Alongside our delivery partners, we provided a varied programme of activities over the year that helped to build capacity within the organisations we support.

TRAINING AND WEBINARS DELIVERED IN 2021/22:

24

ROSA ANNUAL REPORT: 2021-2022

Rosa’s Annual Conference

In June 2021, we delivered our free, online summer conference to over 780 attendees. 33 women from across the women and girls sector took part as either panellists, speakers, or session chairs.

CONFERENCE AIMS:

FINDINGS FROM A SURVEY OF 59 CONFERENCE ATTENDEES:

agreed that sessions were either extremely valuable or very valuable and that the speakers were extremely clear, engaging, and relevant

90%

“ What I enjoyed most was the relaxed, positive and encouraging atmosphere.”

Conference attendee, 2021.

“ I found the sessions really relevant for the current context and I’m so glad I put aside time to attend.”

Conference attendee, 2021.

said they will attend next year’s conference based on this year’s

25

ROSA ANNUAL REPORT: 2021-2022

Using our voice to achieve change

Rosa continued to communicate with a broad range of audiences in 2021/22, demonstrating our impact as a charitable funder and galvanising support from the women and girls sector.

SOCIAL MEDIA AND ONLINE AUDIENCES

102,119

people visited Rosa’s website for information on our funding programmes, fundraising and impact reports.

22.2k

followers gained on social media – 17.6k Twitter, 1.4k LinkedIn, 2k Facebook, 1.2k Instagram

5,602

Rosa’s newsletter mailing list reached 5,602 people in 2021/22

ACF VAWG GROUP

Rosa convenes the Association of Charitable Funders Violence Against Women and Girls group, which takes place quarterly.

In 2021/22, we held two meetings:

NOVEMBER 21

Patterns and trends in grant making in the violence against women and girls sector.

MARCH 22:

How funders can support smaller organisations that address violence against women and girls.

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ROSA ANNUAL REPORT: 2021-2022

Research

Rosa’s consultations and research projects provide evidence and expertise to make the case for further investment into the women and girls sector.

Coinciding with the launch of the UN’s 16 Days of Activism Against Gender Based Violence in November 2021, we conducted a survey of the sector, to understand organisations’ experiences of VAWG during the pandemic. 77% of the organisations surveyed believed the risk of violence faced by the women and girls they worked with had increased during the last year.

Our partnership work with The National Lottery Community Fund and Esmée Fairbairn Foundation has resulted in a research project which will map funding across the sector and identify where gaps in funding exist. Results will be available in January 2023.

77%

of the organisations surveyed believed the risk of violence faced by the women and girls they worked with had increased during the last year.

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ROSA ANNUAL REPORT: 2021-2022

Strategic goals

Rosa remains the only organisation dedicated to funding and resourcing organisations across the UK’s women and girls sector.

Investing in organisations

Our overarching goal is to increase the income distributed to the sector, by raising and distributing it ourselves and by working with others to enable them to do the same.

We have chosen to focus our funding in three key areas over the next three years: addressing the impact of male violence against women and girls through the Stand with Us Fund; investment in organisations led by and for Black and minoritised women and girls through the Rise Fund and amplifying the voices of women and girls through campaigning through the Voices from the Frontline programme.

At the same time, we remain committed to responding to both the immediate and emerging challenges facing organisations in the women and girls sector and working in collaboration with others to build specific, one-off funds which address that need.

Strengthening the women and girls sector

In addition to funding, Rosa seeks to strengthen women’s and girls’ organisations, offering a programme of free events and training, online and in person, which enhance the way organisations work and the work they do.

Rosa’s free annual digital conference provides a moment, each year, for the sector to join in solidarity, to reflect on the challenges we face and to celebrate the spirit of the sector.

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ROSA ANNUAL REPORT: 2021-2022

Using our voice to achieve change

We will use our voice to achieve change for the women and girls sector. By communicating the enormous value of women-led organisations, we will ensure other funders, including businesses as well as central and local Government, invest in these organisations to secure their future for the benefit of women and girls.

Listening to the experiences of the sector and conducting research will enable us to build evidence of the most pressing needs of the women and girls sector. We will continue to understand how best to address these needs, by capturing the impact of our funding through careful monitoring and evaluation and sharing our learning with others. We do this in order to improve our work and enhance the work of others in the field.

Equality, Diversion and Inclusion

Rosa will continue to take our commitment to equality, diversity and inclusion extremely seriously. We will prioritise funding to organisations led by and for disabled women, women who are LGBTQ+ and women who are from Black and minoritised communities.

We recognise that racism is a deep-seated issue in society, stemming from behaviours and actions (both conscious and unconscious) that reinforce structures that are prejudiced and discriminatory. We will continue to actively review our work to understand how racism and racial inequality are perpetuated and/or maintained by our current approach and to identify what steps we need to take to address this and change. Over the past 18 months Rosa staff and Trustees have worked with Dr Roberta Babb, who is a chartered and clinical psychologist, forensic psychodynamic psychotherapist, and an organisational consultant with an expertise in EDI and who has supported us to reflect on our individual and collective attitudes to race and racism.

Across all our funding programmes we will seek to address power imbalances in our design and execution of funds by ensuring the voices of Black and minoritised women are included from the outset as advisers and decision-makers. We intend to further embed the principles of anti-racism and equity in all aspects of our work and to engage with the women and girls sector on this work in the next financial year (2022/23).

29

Thank you to donors

ROSA ANNUAL REPORT: 2021-2022

Rosa would like to thank all of the generous donors who made our work possible in 2021/22.

THANK YOU TO THE FOLLOWING DONORS WHOSE DONATIONS WE RECEIVED IN 2021/22:

Reclaim These Streets Airbnb Community Fund Reebok /Good-Loop

The Golden Bottle Trust

City Bridge Trust, the funding arm of The City of London Corporation’s charity, Bridge House Estates

GlobalGiving in partnership with Cummins Esmée Fairbairn Foundation

Zoom Cares fund, a fund of Tides Foundation

The Emmanuel Kaye Foundation Fondation CHANEL Dormywood Trust

The National Lottery Community Fund Donor-Advised Fund: Sherwood Forest All individual and anonymous donors

“We were inspired to invest in Rosa, because of its mission to both support women’s and girls’ organisations at the grassroots and also create long term change for women and girls across the UK. Now, four years on, we are delighted that our funding is helping to empower women and girls to find their voice, connect with others and get laws changed. It’s incredibly rewarding to see what we envisioned, years ago, come to fruition. We are so impressed with the work that you do.”

Avril Schutte, Global Engagement Director, Cummins Inc. 2022

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Structure, Governance and Management 32

ROSA ANNUAL REPORT: 2021-2022

Structure, Governance and Management

As set out in Rosa’s Articles of Association, a Board of Directors (the Charity Trustees) governs Rosa. The Board is responsible for overall policies and strategic direction of the charity, along with its financial and legal probity.

TRUSTEE RECRUITMENT

In accordance with Rosa’s Articles of Association, new Trustees are appointed by the Board for a three-year term and may be appointed for two further three-year terms. The Board actively considers diversity and geographical representation along with a range of relevant skills and experience when recruiting new Trustees. On induction, new Trustees are provided with background documentation about Rosa and guidance from the existing Board and staff as well as Charity Commission guidance on the responsibilities of Trustees. In addition to their expertise in women’s issues, leadership and philanthropy, Rosa’s current Trustees also bring diverse backgrounds in human resources, partnerships, fundraising, governance, charity law, grantmaking, finance and communications.

DECISION MAKING

The Board of Trustees meets on a quarterly basis, and this includes an annual strategy away-day. Ahead of each meeting, the Chief Executive Officer provides a meeting agenda and papers to support the Trustees’ decision making. Minutes are recorded of each meeting. The Articles of Association provide for extraordinary virtual meetings, which are also minuted.

Each grants programme is overseen by a Grants Panel which is given delegated authority by the Board of Trustees to make decisions on grants. Each Grants Panel is governed by Terms of Reference (ToR) adopted by the Board. Grants Panels include a minimum of two Trustees and are attended by the Chief Executive Officer. The ToR specify the limits of authority delegated by the Trustees, including the grants budget. Trustees have adopted a Grants Manual and a Staff Handbook which contain policies and procedures approved by the Board and these are reviewed and updated regularly.

Trustees and staff are expected to always conduct the business of Rosa with integrity. Trustees are required to disclose all relevant interests and to register them in accordance with Rosa’s policy and to withdraw from decisions where a conflict of interest arises. Any relevant gift or hospitality received by Trustees and staff is also recorded in the Register of Interests. Grants made to any organisation with whom a Trustee of Rosa has a conflict are disclosed in the related party transactions note, forming part of the financial statements.

The Board of Trustees is supported by a number of Committees who advise and make recommendations on key areas of Rosa’s work. Consideration is given to the composition of the Committee’s in terms of collective skills and experience required to support Rosa’s operational strategy and to ensure its charitable aims are delivered. To allow for greater focus, discussion and scrutiny, each Committee has a clear Terms of Reference and is made up of a mixture of Trustees and staff members.

Finance, Audit and Risk Committee: the role of this Committee is to ensure the integrity of the financial reporting and audit process and to oversee the maintenance of sound internal control and risk management systems.

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ROSA ANNUAL REPORT: 2021-2022

People and Pay Committee: the remit of this Committee is to oversee Rosa’s HR and remuneration policies, considering Rosa’s legal duties and obligations and how they contribute to Rosa’s organisational culture and make recommendations to the Board. Its responsibility is to ensure Rosa’s existing policies, practices and procedures relating to employees, volunteers, Trustees and other personnel are fit for purpose and up to date.

Grants Committee – the purpose of this Committee is to oversee and add value to Rosa’s grant making policies and practices. The Grants Committee is an advisory Committee to the main board. Its responsibility is to provide strategic and directional oversight to Rosa’s grantmaking, to ensure Rosa’s grantmaking is efficient and to provide practical advice and support relating to Rosa’s grantmaking approaches.

Fundraising Committee – the remit of this Committee is to review Rosa’s fundraising strategy including SWOT analysis, targets and timetable of fundraising events, review Rosa’s Case(s) for Support for Core and programme funding and support the development of individual cultivation and stewardship plans with Trusts and Foundations, Major Donors and Corporates.

KEY MANAGEMENT PERSONNEL

The Trustees, together with the Chief Executive Officer, comprise the key management of the charity in charge of directing and controlling, running, and operating the charity on a day-to-day basis. The Trustees receive no remuneration.

The Chief Executive Officer is appraised annually by the Chair and staff are appraised annually by the Chief Executive Officer. Salaries are offered in line with market and industry rates and are reviewed on a regular basis by the People and Pay Committee.

PUBLIC BENEFIT AND CHARITABLE OBJECTIVES

The objects of the Charity, as stated in the Memorandum of Association are, “to further any purposes which are charitable under the laws of England and Wales from time to time, including to promote the efficiency and effectiveness of charities and the effective use of charitable resources, with particular reference to charities working with women or addressing issues that affect women.”

Rosa ensures it delivers against these charitable objectives, in line with our vision, mission and values. The main activities carried out are set out in the ‘Our activities 2021/22’ section above.

Rosa Fund is a Public Benefit Entity. The Trustees confirm that they have complied with the duty of Section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission in determining the activities undertaken by the charity. In particular, the Trustees consider carefully how future strategy and planned activities will contribute to the aims and objectives of the Charity.

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ROSA ANNUAL REPORT: 2021-2022

RISK MANAGEMENT

The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable reassurance against fraud and error.

Rosa Trustees have identified key strategic risks which are reviewed regularly by the Finance, Audit and Risk Committee. These are maintained on a risk register along with Rosa’s operational and project risks. The Risk Register is reviewed by the whole Board of Trustees annually, along with the measures taken to mitigate and manage these risks. Rosa Trustees are satisfied systems are in place to minimise exposure to risks whilst understanding the organisation’s appetite for risk.

Key risks identified and measures taken this year include:

• Compliance:

• Financial Sustainability:

• Specific to Rosa

LEGAL

Trustees take Rosa’s legal compliance in all aspects of our work extremely seriously and seek to mitigate any significant risks that might arise. We have reviewed our organisational policies and sought external support to ensure these are all compliant with the latest legislation. Where necessary we have consulted with legal advisors to ensure we are always acting within the law. More recently we have commissioned the services of Effective HRM to support our human resources work and established a People and Pay Committee to review all organisational policies.

35

Financial Review 36

ROSA ANNUAL REPORT: 2021-2022

The statement of financial activities for the year ended 31st March 2022 shows a net deficit of £292,632 (2021: surplus £2,360,309). These swings in surpluses and deficits relate to timing differences between the date that funds are received for grant making and the timing of the actual grant making. Total fund balances at the year-end of £3,014,958 (2021: £3,300,778) included restricted funds of £2,729,451 (2021: £3,048,235) and unrestricted funds of £285,507 (2021: £252,543).

RESERVES POLICY

Rosa’s policy is to hold sufficient free reserves to cover core expenditure (defined as planned unrestricted expenditure) for six months. This is to allow Rosa to continue some level of operation in the event of a sudden deterioration in its finances and to give a degree of freedom to explore opportunities.

At 31st March 2022, our free reserves were £285,507 which equate to about seven months of planned forward core expenditure. We are comfortable with this level for this year given the continued turbulence in the economy.

PRINCIPAL FINANCIAL MANAGEMENT POLICIES

Financial Policies have been adopted by Trustees and are contained in Rosa’s Staff Handbook and Grants Manual. An annual budget is approved by the Board before the beginning of the financial year. All expenditure is checked against budget and authorised by the budget holder who is responsible for ensuring that the expenditure remains within the agreed limits. Financial and management reports are analysed at the Finance, Audit and Risk Committee and presented quarterly to the Board of Trustees.

37

Statement of Trustee Responsibilities

ROSA ANNUAL REPORT: 2021-2022

STATEMENT OF TRUSTEE RESPONSIBILITIES

The Trustees (who are also the Directors of Rosa Fund for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.

Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period.

In preparing those financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees are responsible for the maintenance and integrity of the corporate and financial information included in the charitable company’s website.

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ROSA ANNUAL REPORT: 2021-2022

GUARANTEES

Members of the charitable company guarantee to contribute an amount not exceeding £1 to the assets in the event of winding up. The Trustees have no beneficial interest in the charitable company.

AUDITORS

So far as each of the Trustees is aware at the time the report is approved:

Following a competitive tender for the statutory audit service, Sayer Vincent LLP has been appointed as the charity’s new auditor for 2022/23.

The Board of Trustees would like to thank Dunkley’s for being a valued partner over the last nine years and wish them well in their future endeavours.

Approved by the Trustees on 18th October 2022 and signed on their behalf by:

……………………………………….

Cath Dovey, Chair

………………………………………. David Aeron-Thomas, Treasurer

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ROSA ANNUAL REPORT: 2021-2022

ROSA ANNUAL REPORT: 2021-2022

OPINION

We have audited the financial statements of Rosa Fund (the ‘charitable company’) for the year ended 31 March 2022 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

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ROSA ANNUAL REPORT: 2021-2022

Other information

The Trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities Act 2011 requires us to report to you if, in our opinion:

Responsibilities of Trustees

As explained more fully in the Statement of Trustees Responsibilities, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

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ROSA ANNUAL REPORT: 2021-2022

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charitable company’s Trustees, as a body, in accordance with Section 144 of the Charities Act 2011 and regulations made under Section 154 of that Act. Our audit work has been undertaken so that we might state to the charitable company’s Trustees those matters we are required to state to them in an auditors’ report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s Trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Dunkley’s Statutory Auditors Chartered Accountants

Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006

Woodlands Grange Woodlands Lane Bradley Stoke City of Bristol BS32 4JY

Date: 02/11/2022

44

Statement of Financial Activities 45

ROSA ANNUAL REPORT: 2021-2022

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME

AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022

NOTE
UNRESTRICTED
FUNDS
£
INCOME AND ENDOWMENTS FROM
Donations and Grants
157,304
Charitable activities
30,279
Investment income
192
TOTAL INCOMING RESOURCES
2
187,775
EXPENDITURE ON
Raising funds
47,923
Charitable activities
78,635
TOTAL RESOURCES EXPENDED
4
126,558
NET INCOME/ (EXPENDITURE)
61,217
Transfers between funds
9
(28,253)
Other recognised gains/(losses):
Exchange rate gains/(losses)
-
NET MOVEMENT IN FUNDS
9
32,964
RECONCILIATION OF FUNDS
Total Funds brought forward
252,543
TOTAL FUNDS CARRIED FORWARD
285,507		 RESTRICTED
FUNDS
£
2,184,751
150
-
2,184,901
2,697
2,536,053
2,538,750
(353,849)
28,253
6,812
(318,784)
3,048,235
2,729,451		 TOTAL
2022
£
2,342,055
30,429
192
2,372,676
50,620
2,614,688
2,665,308
(292,632)
-
6,812
(285,820)
3,300,778
3,014,958

All activities reported above represent continuing activities. The notes form part of these financial statements.

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ROSA ANNUAL REPORT: 2021-2022

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT – FULL FUND COMPARATIVE FOR THE YEAR ENDED 31 MARCH 2022

NOTE
UNRESTRICTED
FUNDS
£
INCOME AND ENDOWMENTS FROM
Donations and Grants
247,300
Charitable activities
3,400
Investment income
806
TOTAL INCOMING RESOURCES
2
251,506
EXPENDITURE ON
Raising funds
34,900
Charitable activities
31,883
TOTAL RESOURCES EXPENDED
4
66,783
NET INCOME/ (EXPENDITURE)
184,723
Transfers between funds
9
(13,041)
Other recognised gains/(losses):
Exchange rate gains/(losses)
-
NET MOVEMENT IN FUNDS
9
171,682
RECONCILIATION OF FUNDS
Total Funds brought forward
80,861
TOTAL FUNDS CARRIED FORWARD
252,543		 RESTRICTED
FUNDS
£
4,223,762
3,728
-
4,227,490
5,394
2,046,510
2,051,904
2,175,586
13,041
(7,573)
2,181,054
867,181
3,048,235		 TOTAL
2021
£
4,471,062
7,128
806
4,478,996
40,294
2,078,393
2,118,687
2,360,309
-
(7,573)
2,352,736
948,042
3,300,778

All activities reported above represent continuing activities. The notes form part of these financial statements.

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ROSA ANNUAL REPORT: 2021-2022

BALANCE SHEET AS AT 31 MARCH 2022

NOTE
UNRESTRICTED
FUNDS
£
FIXED ASSETS
Tangible assets
6
6,662
CURRENT ASSETS
Debtors
7
9,600
Cash at bank and on Deposit
279,534
289,134
LIABILITIES
Creditors: amounts falling
due within one year
8
(10,289)
NET CURRENT ASSETS
278,845
Creditors: amounts falling
due within one year
-
TOTAL NET ASSETS
285,507
FUNDS
Unrestricted funds
9
Restricted funds
9
TOTAL FUNDS		 RESTRICTED
FUNDS
£
-
1,463,961
1,294,431
2,758,392
(28,941)
2,729,451
-
2,729,451		 2022
£
6,662
1,473,561
1,573,965
3,047,526
(39,230)
3,008,296
-
3,014,958
285,507
2,729,451
3,014,958		 2021
£
4,755
2,532,712
1,504,487
4,037,199
(737,482)
3,299,717
(3,694)
3,300,778

252,543

3,048,235

3,300,778

The financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard 102.

The notes form part of these financial statements.

The financial statements were approved by the Board of Trustees on 18th October 2022 and signed on its behalf by:

……………………………………….

Cath Dovey, Chair

……………………………………….

David Aeron-Thomas, Treasurer

Company Number: 06598018

48

ROSA ANNUAL REPORT: 2021-2022

STATEMENT OF CASHFLOWS FOR THE YEAR ENDED 31 MARCH 2022

NOTES
2022
£
2021
£
CASH FLOWS FROM OPERATING ACTIVITIES:
Net cash (used in) provided by operating activities
68,518
100,691
CASH FLOWS FROM INVESTING ACTIVITIES:
Dividends, interest and rents from investments
192
806
Purchase of property, plant and equipment
(6,044)
(3,441)
Net cash (used in) provided by investing activities
(5,852)
(2,635)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net cash provided by (used in) fnancing activities
-
-
NET CHANGE IN CASH AND CASH EQUIVALENTS
62,666
98,056
Cash and cash equivalents at the start of the year
1,504,487
1,414,004
Change in cash and cash equivalents due to exchange rate movements
6,812
(7,573)
CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR
1,573,965
1,504,487
RECONCILIATION OF NET INCOME / (EXPENDITURE) TO NET CASHFLOW FROM OPERATING ACTIVITIES
2022
£
2021
£
NET INCOME/(EXPENDITURE) FOR THE FINANCIAL YEAR
(292,632)
2,360,309
ADJUSTMENTS FOR:
Depreciation charges
4,137
5,469
Dividends, interest, and rents from investments
(192)
(806)
(Increase)/decrease in debtors
1,059,151
(2,210,563)
Increase/(decrease) in creditors
(701,946)
(53,718)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES
68,518
100,691		 NOTES
2022
£
2021
£
CASH FLOWS FROM OPERATING ACTIVITIES:
Net cash (used in) provided by operating activities
68,518
100,691
CASH FLOWS FROM INVESTING ACTIVITIES:
Dividends, interest and rents from investments
192
806
Purchase of property, plant and equipment
(6,044)
(3,441)
Net cash (used in) provided by investing activities
(5,852)
(2,635)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net cash provided by (used in) fnancing activities
-
-
NET CHANGE IN CASH AND CASH EQUIVALENTS
62,666
98,056
Cash and cash equivalents at the start of the year
1,504,487
1,414,004
Change in cash and cash equivalents due to exchange rate movements
6,812
(7,573)
CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR
1,573,965
1,504,487
RECONCILIATION OF NET INCOME / (EXPENDITURE) TO NET CASHFLOW FROM OPERATING ACTIVITIES
2022
£
2021
£
NET INCOME/(EXPENDITURE) FOR THE FINANCIAL YEAR
(292,632)
2,360,309
ADJUSTMENTS FOR:
Depreciation charges
4,137
5,469
Dividends, interest, and rents from investments
(192)
(806)
(Increase)/decrease in debtors
1,059,151
(2,210,563)
Increase/(decrease) in creditors
(701,946)
(53,718)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES
68,518
100,691		 2021
£
100,691
806
(3,441)
(2,635)
-
98,056
1,414,004
(7,573)
1,504,487
4,137
(192)
1,059,151
(701,946)		 5,469
(806)
(2,210,563)
(53,718)
68,518 100,691

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ROSA ANNUAL REPORT: 2021-2022

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1. PRINCIPAL ACCOUNTING POLICIES

a. Basis of Preparing Financial Statements

The financial statements of the charitable company, 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: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102 second edition) (effective 1 January 2019)’, Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in Sterling, which is the functional currency of the charity and are rounded to the nearest pound.

b. Critical Accounting Estimates and Areas of Judgement

Preparation of the financial statements requires the trustees to make significant judgements and estimates. The trustees do not consider that there are any sources of estimation uncertainty, or any key judgements made in the preparation of the financial statements. The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are laid out below.

c. Going Concern

The trustees have assessed whether the use of the going concern assumption is appropriate in preparing these financial statements. The trustees have made this assessment in respect to a period of one year from the date of approval of these financial statements. The trustees of the charity have concluded that there are no material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees are of the opinion that the charity will have sufficient resources to meet its liabilities as they fall due.

d. Fund Accounting

(l) Unrestricted Funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity.

(ll) Restricted Funds can only be used for particular restricted purposes as specified by the grant giving body or donor.

e. Income

All income is included on the Statement of Financial Activities when the charity is legally entitled to the income, it is probable that it will be received and the amount can be quantified with reasonable accuracy.

The following specific policies are applied to particular categories of income:

(l) Voluntary income is received by way of grants and donations and is included in full in the Statement of Financial Activities when receivable. Grants receivable are recognised when the Charity becomes unconditionally entitled to the grant.

(ll) Investment income arises from interest receivable on funds held in interest bearing bank accounts and is included in the Statement of Financial Activities when receivable.

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ROSA ANNUAL REPORT: 2021-2022

f. Expenditure

Expenditure is recognised on an accruals basis as liabilities are incurred and includes any VAT which cannot fully be recovered.

(l) Expenditure on charitable activities comprises expenditure related to the direct furtherance of the Charity’s objectives as well as support costs. Grants payable are included under charitable expenditure when a contract is signed with the grantee.

(ll) Support costs comprise overheads and governance costs. Governance costs are those incurred in connection with the management of the charity’s assets, organisational administration and compliance with constitutional and statutory requirements.

g. Allocation of Support and Governance Costs

Support costs and governance costs are allocated to the charity’s charitable activities on a basis consistent with the use of resources.

h. Allocation of Expenditure to Activities

Expenditure has been allocated to activities, support and governance costs either directly or based on staff time spent delivering those activities.

i. Foreign Currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

j. Debtors

Debtors are recognised at their settlement amount, less any provision for non-recoverability. Prepayments are valued at the amount prepaid.

k. Cash at Bank and on Deposit

Cash at bank and on deposit represents such accounts and instruments that are available on demand or have a maturity of less than three months from the date of acquisition.

l. Creditors and Provisions

Creditors and provisions are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Creditors and provisions are recognised at the amount the charity anticipates it will pay to settle the debt.

m. Tangible Fixed Assets and Depreciation

Tangible fixed assets costing over £500 (including any incidental expenses of acquisition) are capitalised. Depreciation is provided at rates calculated to write off the cost on a straight line basis over their expected useful economic life. The rate of depreciation applied to all assets is 33.33%.

n. Taxation

The company is a registered charity and as such is entitled to exemption from taxation under the Income and Corporation Taxes Act 1988.

51

ROSA ANNUAL REPORT: 2021-2022

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

2. INCOME

DONATIONS AND LEGACIES
GENERAL DONATIONS
OTHER GENERAL DONATIONS
Stand With Us Fund
Airbnb Community Fund
Reebok Campaign with Good-Loop
Anonymous Donor
Te Golden Bottle Trust
Fondation CHANEL
Kering Foundation
UK Justice and Equality Fund
Aviva
Kering Corporation
JAC Trust
GIFT AID
GRANTS*
City Bridge Trust
GlobalGiving Foundation
Esmée Fairbairn Foundation
Tides Foundation
Te Emmanuel Kaye Foundation
Fondation CHANEL
Dormywood Trust
Anonymous Donor
Te National Lottery Community Fund
Donor-Advised Fund: Sherwood Forest
Te Jabbs Foundation
Te Department for Digital, Culture,
Media and Sport (Note 3)
Comic Relief
Imkaan
Te Indigo Trust
Te Tudor Trust
Te Clothworkers' Foundation		 UNRESTRICTED
FUNDS
£
45,925
-
72,056
11,986
6,837
2,500
-
-
-
-
-
-
93,379
-
-
-
-
-
-
-
-
15,000
-
3,000
-
-
-
-
-
-
-		 RESTRICTED
FUNDS
£
-
559,389
-
-
-
-
-
-
-
-
-
-
559,389
-
499,999
438,776
310,000
221,232
80,000
43,000
25,000
-
10,000
-
(2,645)
-
-
-
-
-
-		 TOTAL
2022
£
45,925
559,389
72,056
11,986
6,837
2,500
-
-
-
-
-
-
652,768
-
499,999
438,776
310,000
221,232
80,000
43,000
25,000
15,000
10,000
3,000
(2,645)
-
-
-
-
-
-		 TOTAL
2021
£
77,139
-
-
-
23,500
-
42,730
19,353
7,000
7,000
4,329
3,000
106,912
566
-
-
300,000
-
30,000
-
-
-
-
3,000
-
1,906,855
800,000
366,142
275,000
220,000
200,000

52

ROSA ANNUAL REPORT: 2021-2022

2. INCOME CONT.

GRANTS CONT.
Kering Foundation
List Family Foundation
Te Rank Foundation
Te Waterloo Foundation
Te Talent Fund
CHARITABLE ACTIVITIES
Supply of Service under Contract
Other
INVESTMENTS
Interest Receivable
TOTAL INCOME		 UNRESTRICTED
FUNDS
£
-
-
-
-
-
18,000
29,779
500
30,279
192
187,775		 RESTRICTED
FUNDS
£
-
-
-
-
-
1,625,362
150
-
150
-
2,184,901		 TOTAL
2022
£
-
-
-
-
-
1,643,362
29,929
500
30,429
192
2,372,676		 TOTAL
2021
£
80,448
45,000
25,000
20,000
15,000
4,286,445
7,128
-
7,128
806
4,478,996

*Restricted Gift Aid relates to the Covid-19 Emergency Fund.

53

ROSA ANNUAL REPORT: 2021-2022

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

2. INCOME CONT. PRIOR YEAR DETAIL

DONATIONS AND LEGACIES
GENERAL DONATIONS
OTHER GENERAL DONATIONS
Fondation CHANEL
Anonymous Donor
Kering Foundation
UK Justice and Equality Fund
Aviva
Kering Corporation
JAC Trust - Reg No 1189523
List Family Foundation
Donor-Advised Fund: Sherwood Forest
Oasis & Warehouse
Chanel Corporation
Events
GIFT AID
GRANTS*
Te Department for Digital, Culture,
Media and Sport (Note 3)
Comic Relief
Imkaan
Esmée Fairbairn Foundation
Te Indigo Trust
Te Tudor Trust
Te Clothworkers' Foundation
Kering Foundation
List Family Foundation
Te Emmanuel Kaye Foundation
Te Rank Foundation
Te Waterloo Foundation
Te Talent Fund
Donor-Advised Fund: Sherwood Forest		 UNRESTRICTED
FUNDS
£
76,010
42,730
23,500
-
-
7,000
-
-
-
-
-
-
-
73,230
60
-
-
-
30,000
-
20,000
-
-
45,000
-
-
-
-
3,000
98,000		 RESTRICTED
FUNDS
£
1,129
-
-
19,353
7,000
-
4,329
3,000
-
-
-
-
-
33,682
506
1,906,855
800,000
366,142
270,000
275,000
200,000
200,000
80,448
-
30,000
25,000
20,000
15,000
-
4,188,445		 TOTAL
2021
£
77,139
42,730
23,500
19,353
7,000
7,000
4,329
3,000
-
-
-
-
-
106,912
566
1,906,855
800,000
366,142
300,000
275,000
220,000
200,000
80,448
45,000
30,000
25,000
20,000
15,000
3,000
4,286,445		 TOTAL
2020
£
61,919
-
-
40,110
396
-
-
-
30,000
5,000
9,721
1,000
54
86,281
4,224
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-

54

ROSA ANNUAL REPORT: 2021-2022

2. INCOME CONT. PRIOR YEAR DETAIL

2. INCOMECONT. PRIOR YEAR D ETAIL
CHARITABLE ACTIVITIES
Supply of Service under Contract
INVESTMENTS
Interest Receivable
TOTAL INCOME		 UNRESTRICTED
FUNDS
£
3,400
806
251,506		 RESTRICTED
FUNDS
£
3,728
-
4,227,490		 TOTAL
2021
£
7,128
806
4,478,996		 TOTAL
2020
£
-
3,188
155,612

*Restricted Gift Aid relates to the Covid-19 Emergency Fund.

3. GOVERNMENT GRANTS

3. GOVERNMENT GRANTS
TOTAL TOTAL
2022 2021
£ £
DCMS Tampon Tax Grant - Te Women Trive Fund - 1,906,855

55

ROSA ANNUAL REPORT: 2021-2022

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

4. EXPENDITURE

4. EXPENDITURE
RAISING FUNDS
CHARITABLE ACTIVITIES
Investing in
Organisations
Strengthening
Organisations
Using Our Voice
TOTAL EXPENDITURE		 ACTIVITIES
UNDERTAKEN
DIRECTLY
£
48,259
209,203
95,917
54,359
359,479
407,738		 GRANT
FUNDING OF
ACTIVITIES
(NOTE 5)
£
-
2,131,250
-
-
2,131,250
2,131,250		 DONATION
£
-
2,000
-
-
2,000
2,000		 SUPPORT
COSTS
£
2,361
114,606
4,693
2,660
121,959
124,320		 TOTAL
2022
£
50,620
2,457,059
100,610
57,019
2,614,688
2,665,308		 TOTAL
2021
£
40,294
1,920,779
116,319
41,295
2,078,393
2,118,687
SUPPORT COSTS
Staf Costs
Outsourced Finance & Accounting
Premises
Ofce Running Costs
Audit Fee
Legal & Professional Fees
Trustee Meeting Costs and Recruitment
Other Support Costs		 GOVERNANCE
FUNCTION
£
11,578
2,880
-
-
2,520
4,251
5,402
1,245
27,876		 GENERAL
SUPPORT
£
10,382
34,728
16,098
34,118
-
-
-
1,118
96,444		 TOTAL
2022
£
21,960
37,608
16,098
34,118
2,520
4,251
5,402
2,363
124,320		 TOTAL
2021
£
22,501
15,108
18,824
20,627
1,560
11,790
500
6,796
97,706

Support costs relate to the staff and running costs of the charity’s London office and are allocated on a basis consistent with the use of resources.

56

ROSA ANNUAL REPORT: 2021-2022

4. EXPENDITURE CONT. PRIOR YEAR DETAIL

4. EXPENDITURECO NT.PRIOR YE AR DETAIL
RAISING FUNDS
CHARITABLE ACTIVITIES
Investing in
Organisations
Strengthening
Organisations
Using Our Voice
TOTAL EXPENDITURE		 ACTIVITIES
UNDERTAKEN
DIRECTLY
£
38,436
133,652
110,955
39,391
283,998
322,434		 GRANT
FUNDING OF
ACTIVITIES
(NOTE 5)
£
-
1,698,547
-
-
1,698,547
1,698,547		 DONATION
£
-
-
-
-
-
-		 SUPPORT
COSTS
£
1,858
88,580
5,364
1,904
95,848
97,706		 TOTAL
2022
£
40,294
1,920,779
116,319
41,295
2,078,393
2,118,687		 TOTAL
2021
£
46,448
809,522
75,955
42,753
928,230
974,678
SUPPORT COSTS
Staf Costs
Outsourced Finance & Accounting
Premises
Ofce Running Costs
Audit Fee
Legal & Professional Fees
Trustee Meeting Costs and Recruitment
Other Support Costs		 GOVERNANCE
FUNCTION
£
10,452
3,205
-
-
1,560
11,790
500
98
27,605		 GENERAL
SUPPORT
£
12,049
11,903
18,824
20,627
-
-
-
6,698
70,101		 TOTAL
2022
£
22,501
15,108
18,824
20,627
1,560
11,790
500
6,796
97,706		 TOTAL
2021
£
14,774
9,755
30,434
15,538
1,440
20,884
4,119
1,771
98,715

Support costs relate to the staff and running costs of the charity’s London office and are allocated on a basis consistent with the use of resources.

57

ROSA ANNUAL REPORT: 2021-2022

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

5. GRANT FUNDING OF ACTIVITIES

5. GRANT FUNDING OF ACTIVITIES
Te Women Trive Fund (1)
UK Justice and Equality Fund Programme (2)
Voices from the Front Line (3)
Covid-19 Response Fund (Small Grants) (4)
Covid-19 Emergency Fund for BME Women’s Organisations (5)
GlobalGiving in partnership with Cummins (6)		 2022
£
1,792,444
298,526
40,280
-
-
-
2,131,250		 2021
£
-
9,250
2,000
1,046,741
633,108
7,448
1,698,547

Grants paid to institutions have been made in line with charitable objects as outlined in the Annual Report. (1,2,3,4,5,6) Grants payable under the Grants Programmes are detailed below:

58

ROSA ANNUAL REPORT: 2021-2022

5. GRANT FUNDING OF ACTIVITIES CONT.

1) Grants payable under the Women Thrive Grants Programme:

Alliance for Choice Belfast Limited
Apna Haq
Aurora Trinity Collective
Carmarthen Domestic Abuse Services Ltd
Coventry Panahghar Project
Deaf-initely Women
Diversity Matters North West Ltd
Getaway Girls
Hull Sisters Ltd
Humraaz
Inspiring Futures Partnership CIC
Lerato community initiative CIC
Lighthouse - Supporting Women Trough Stormy Times
Middle Eastern Women and Society Organisation
MumsAid Maternal Mental Health Support
Ocean Women's Association
Refugee Women of Bristol
R.I.S.E. (REFUGE, INFORMATION, SUPPORT AND EDUCATION)
Rising Girl
ROJ Women Association - Kurdish and Turkish Women's Centre
Roshni (Birmingham)
Safety4Sisters North West
SHAPE
Sister System
Smallwood Trust
Sunbeams London Ltd
Teen Action
Te Angelou Centre
Te Women's and Families Resource Centre
Tyneside Women's Health
Waterside Women's Centre
Wish
Women Asylum Seekers Together
Women for Refugee Women
Women's Information Northern Ireland
Women's Resource Centre
Women's Support Project		 2022
18,750
18,750
9,156
49,177
49,973
43,068
50,000
48,316
18,750
33,355
18,750
12,872
18,750
18,750
28,450
17,765
18,750
49,081
18,740
18,750
18,750
18,067
15,000
18,661
807,092
18,557
18,750
49,998
18,750
42,475
18,000
18,750
18,750
50,000
18,750
50,000
32,141
1,792,444		 2021
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-

59

ROSA ANNUAL REPORT: 2021-2022

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

5. GRANT FUNDING OF ACTIVITIES CONT.

The grant to Smallwood Trust was made under a Partnership agreement which saw Rosa and Smallwood Trust collaborating to submit a joint application for funding from the Tampon Tax Fund 2020/21. Both Parties recognised the value in submitting a joint application to combine their expertise and benefit from greater funding opportunities. Rosa was the Lead Organisation for the purpose of the application and paid the grant to Smallwood Trust to be spent on and for the purpose of the Project.

2) Grants payable under the UK Justice and Equality Fund Programme:

Birmingham Rape and Sexual Violence Project
Latin American Women's Rights Service
Rights of Women Incorporated
Te Women's Support Network
Women's Resource & Development Agency Company Limited
End Violence Against Women Coalition
Te Fawcett Society		 2022
58,556
39,985
79,985
80,000
40,000
-
-
298,526		 2021
-
-
-
-
-
5,000
4,250
9,250

3) Grants payable under the Voices from the Front Line Grants Programme:

3) Grants payable under the Voices from the Front Line Grants Programme:
Argyll and Bute Rape Crisis
Glasgow and Clyde Rape Crisis
Te Empower Project		 2022
14,000
13,000
13,280
40,280		 2021
-
-
2,000
2,000

60

ROSA ANNUAL REPORT: 2021-2022

5. GRANT FUNDING OF ACTIVITIES CONT.

4) Grants payable under the Covid-19 Response Fund (Small Grants) Programme:

2022 2021
4Wings Northwest CIC - 18,000
Angels of Hope for Women - 5,000
Argyll and Bute Rape Crisis - 17,604
Ashdon Jazz Academy - 17,420
Baby Basics - 13,264
BelEve UK - 17,960
Community Network Group CIC - 18,000
Craft Collective - 1,500
Diaspora African Women's Support Network - 17,533
Diyya - 18,000
Dostiyo Asian Women and Girls Organisation - 17,900
Dynamic Support of Greater Manchester - 17,059
Enfeld Saheli - 17,527
Feathers Futures CIO - 13,968
First Step - 14,052
Fourth Action - 17,756
FTWW (Fair Treatment for the Women of Wales) - 18,000
GAGE CIC (Goodaz Gold Events) - 17,953
Gilgal Birmingham - 15,295
GirlDreamer Ltd - 17,000
Giving Life Opportunities to Women - 13,000
Goldstar Creative Marketing - 18,000
Granby Somali Women's Group - 18,000
Heart & Parcel - 16,995
Hillingdon Women's Centre - 16,198
Hull Sisters Ltd - 18,000
Inspiring Futures Partnership CIC (Inspire Women Oldham) - 13,265
International Women's Association Doncaster - 10,000
KairosWWT - 8,024
Kosmos Centre - 18,000
La Dolce Vita Project - 9,360
Lesbian Immigration Support Group - 10,980
Lighthouse - Supporting Women Trough Stormy Times - 18,000
Migrant Family Support - 15,293
Mother and Child Welfare Organisation - 17,884
Mums4aChange CiC - 16,405
Muslim Sports Foundation - 10,000
Muslim Womens Council - 18,000
North Wales Women's Centre - 14,698

61

ROSA ANNUAL REPORT: 2021-2022

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

5. GRANT FUNDING OF ACTIVITIES CONT.

4) Grants payable under the Covid-19 Response Fund (Small Grants) Programme:

Nottingham Muslim Women's Network
Pandora Project
Phoebe
Positive Changes (Scotland) CIC
Positive Steps Community Centre
Refugee Women's Association
Rivers LPC
Rotherham Mothers for Justice
Rubies
Shefeld Women's Counselling and Terapy Service (Safron Shefeld)
Sahara Project (Preston) Ltd
Sandwell African Women Association
Skills and Training Network
South Liverpool Domestic Abuse Services
Street Talk
Sunbeams London Ltd
Swan Women's Centre
Tassibee
Teen Action
Te Feel Good Womens Group
Te Growing Club CIC
Te Happy Mums Foundation CIC
Te Homeless Period - Wolverhampton
Te Hull Lighthouse Project
Te Motherhood Plan CIC
Te Root MHSF CIC
TifnWalli CIC
Time to Heal
Torbay Women's Circle
Turkish Cypriot Women's Project
Wight Dash
Winchester Pregnancy Crisis Centre
WomenAfterGreatness (WAG)		 2022
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 2021
16,405
11,264
18,000
15,307
8,938
9,980
18,000
9,677
16,367
13,201
16,491
17,735
17,742
18,000
10,200
17,954
13,134
18,000
17,168
17,986
10,232
13,910
13,000
5,395
11,604
16,704
9,300
15,000
13,000
16,408
11,646
3,600
14,500
1,046,741

62

ROSA ANNUAL REPORT: 2021-2022

5. GRANT FUNDING OF ACTIVITIES CONT.

5) Grants payable under the Covid-19 Emergency Fund Grants Programme for BME Women’s Organisations:

African Women's Care
African Youth Development Association
Anah Project
Apna Haq
Baobab Women's Project CIC
Granby Somali Women's Group
Halo Project
Hemat Gryfe Women's Aid
Humraaz
Kiran Support Services
KWISA
Latin American Women's Aid Refuge
Middle Eastern Women and Society Organisation
Nottingham Muslim Women's Network
Panahghar
Phoebe
Refugee Women of Bristol
Rochdale Women's Welfare Association
ROJ Women Association - Kurdish and Turkish Women's Centre
Roshni Birmingham
Saheli
Shakti Women's Aid
Sistah Space
Sister System
Te Angelou Centre
Te Sharan Project
Utulivu Women's Group		 2022
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 2021
14,562
7,302
34,922
18,748
20,000
20,000
26,600
20,000
32,344
35,000
19,000
34,900
19,968
19,703
34,250
20,000
15,142
18,750
19,880
31,470
34,890
35,000
20,000
7,292
33,893
19,492
20,000
633,108

6) Grants payable under the GlobalGiving Grants Programme in partnership with Cummins:

Women's Resource Centre

ith Cummins:
2022
-		 2021
7,448

63

ROSA ANNUAL REPORT: 2021-2022

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

6. TANGIBLE FIXED ASSETS

6. TANGIBLE FIXED ASSETS
COST
At 1 April 2021
Additions
AT 31 MARCH 2022
DEPRECIATION
At 1 April 2021
Charge in the year
AT 31 MARCH 2022
NET BOOK VALUE
AT 31 MARCH 2022
AT 31 MARCH 2021		 COMPUTER
EQUIPMENT
£
13,161
6,044
19,205
9,347
3,196
12,543
6,662		 FURNITURE
& FIXTURES
£
5,654
-
5,654
4,713
941
5,654
-		 TOTAL
£
18,815
6,044
24,859
14,060
4,137
18,197
6,662
3,814 941 4,755

7. DEBTORS

AMOUNTS FALLING DUE IN:
Grants receivable and gift aid income
Other debtors and prepayments		 < 1 YEAR
875,775
9,600
885,375		 > 1 YEAR
588,186
-
588,186		 2022
£
1,463,961
9,600
1,473,561		 2021
£
2,518,478
14,234
2,532,712

8. CREDITORS

8. CREDITORS
AMOUNTS FALLING DUE IN:
Grants payable
Trade creditors
Other creditors		 < 1 YEAR
23,834
9,996
5,400
39,230		 > 1 YEAR
-
-
-
-		 2022
£
23,834
9,996
5,400
39,230		 2021
£
709,544
26,880
4,752
741,176

64

ROSA ANNUAL REPORT: 2021-2022

9. MOVEMENTS IN FUNDS

UNRESTRICTED FUNDS
General Fund
RESTRICTED FUNDS
Voices from the Front Line
GlobalGiving in partnership
with Cummins
UK Justice and Equality Fund
Covid-19 Response Fund
Fondation Chanel
Corston Leadership Funders
Covid-19 Emergency Fund
BME Phase 1
Rise Fund
Restricted Core Costs
Te Women Trive Fund
Stand With Us Fund
TOTAL FUNDS		 AT
01 APRIL 2021
£
252,543
90,981
74,406
426,173
20,333
13,161
2,645
42,367
471,314
-
1,906,855
-
3,048,235
3,300,778		 INCOME
£
187,775
-
438,776
-
-
43,000
(2,645)
-
1,101,231
20,000
150
584,389
2,184,901
2,372,676		 EXPENDITURE
£
(126,558)
(47,910)
(90,379)
(359,383)
(17,304)
(33,799)
-
(19,960)
(48,218)
-
(1,881,309)
(40,488)
(2,538,750)
(2,665,308)		 GAINS
/(LOSSES)
£
-
(1,015)
8,284
-
-
(457)
-
-
-
-
-
-
6,812
6,812		 TRANSFERS
£
(28,253)
287,500
(287,500)
-
-
-
-
-
20,000
-
8,253
-
28,253
-		 AT
31 MARCH
2022
£
285,507
329,556
143,587
66,790
3,029
21,905
-
22,407
1,544,327
20,000
33,949
543,901
2,729,451
3,014,958

65

ROSA ANNUAL REPORT: 2021-2022

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

9. MOVEMENTS IN FUNDS CONT. PRIOR YEAR DETAIL

UNRESTRICTED FUNDS
General Fund
RESTRICTED FUNDS
Voices from the Front Line
GlobalGiving in partnership
with Cummins
UK Justice and Equality Fund
Covid-19 Response Fund
Fondation Chanel
Corston Leadership Funders
Covid-19 Emergency Fund
BME Phase 1
Rise Fund
Restricted Core Costs
Te Women Trive Fund
Stand With Us Fund
TOTAL FUNDS		 AT
01 APRIL 2020
£
80,861
29,631
283,505
466,547
22,000
60,386
5,112
-
-
-
-
-
867,181
948,042		 INCOME
£
251,506
80,448
-
7,000
1,006,425
-
-
722,142
475,000
25,000
1,910,583
892
4,227,490
4,478,996		 EXPENDITURE
£
(66,783)
(14,687)
(114,099)
(47,374)
(1,103,092)
(44,063)
(2,467)
(679,775)
(3,686)
(25,000)
(15,478)
(2,183)
(2,051,904)
(2,118,687)		 GAINS
/(LOSSES)
£
-
(4,411)
-
-
-
(3,162)
-
-
-
-
-
-
(7,573)
(7,573)		 TRANSFERS
£
(13,041)
-
(95,000)
-
95,000
-
-
-
-
-
11,750
1,291
13,041
-		 AT
31 MARCH
2021
£
252,543
90,981
74,406
426,173
20,333
13,161
2,645
42,367
471,314
-
1,906,855
-
3,048,235
3,300,778

66

ROSA ANNUAL REPORT: 2021-2022

10. FUND DESCRIPTIONS AND TRANSFERS BETWEEN FUNDS

Purposes of Restricted Funds and movement in funds:

67

ROSA ANNUAL REPORT: 2021-2022

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

10. FUND DESCRIPTIONS AND TRANSFERS BETWEEN FUNDS CONT.

Purposes of Restricted Funds and movement in funds:

11. STAFF COSTS AND NUMBERS

11. STAFF COSTS AND NUMBERS
Salaries
Tax and Social Security
Other creditors		 2022
£
218,413
18,309
10,921
247,643		 2021
£
156,738
10,354
7,772
174,864

The average number of full-time equivalent employees during the year was 5 (2021: 4). The average number of employees during the year was 6 (2021: 5).

The number of staff whose emoluments were in excess of £60,000 during the year were as follows; £60,001 - £70,000

The Trustees consider key management personnel to include the Chief Executive Officer, for whom total compensation during the year amounted to £60,178 (2021: £56,337).

68

ROSA ANNUAL REPORT: 2021-2022

12. PENSIONS

The Charity operates a defined contribution, auto-enrolment pension scheme with The Peoples Pension. All staff are eligible, and the Charity pays a 5% employer’s contribution in addition to any personal contribution made by the staff themselves.

Pension costs stated in note 11 and charged in the statement of Financial Activities represent the total contributions payable by the Charity in the year.

13. TRUSTEES’ REMUNERATION AND EXPENSES

The Charity did not pay any remuneration to its trustees during the year (2021: £Nil). These accounts include no costs relating to Trustee expenses (2021: £Nil).

14. RELATED PARTY TRANSACTIONS

None.

15. FINANCIAL COMMITMENTS

At the year end, the Charity had total commitments under non-cancellable operating leases as follows:

Less than one year:
Rent (2 month notice period)
TOTAL		 2022
£
4,800
4,800		 2021
£
4,800
4,800

69

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ROSA ANNUAL REPOR T-. 2021-2022 Ihis page is intentionally left blank 71

ROSA FUND, 4TH FLOOR, THE RESOURCE CENTRE, 356 HOLLOWAY ROAD, LONDON, N7 6PA

CHARITY NUMBER: 1124856 COMPANY NUMBER: 06598018