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← Rock Foundation UK Limited

2024-03-31-accounts

REGISTERED COMPANY NUMBER: 06585052 (England and Wales) REGISTERED CHARITY NUMBER: 1126626

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2024

for

Rock Foundation UK Limited

Rock Foundation UK Limited

Contents of the Financial Statements for the Year Ended 31 March 2024

Page
Report of the Trustees 1 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7 to 8
Cash Flow Statement 9
Notes to the Cash Flow Statement 10
Notes to the Financial Statements 11 to 19
Detailed Statement of Financial Activities 20 to 21

Rock Foundation UK Limited

Report of the Trustees

for the Year Ended 31 March 2024

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 31 March 2024. The trustees have adopted the provisions of 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) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

To act as a resource for people with learning difficulties and the disadvantaged by providing advice, assistance and organising programmes of physical, educational and other activities as a means of:-

a) Helping them to advance in life and helping to develop their skills, capacities and capabilities to enable them to participate in society as independent, mature and responsible individuals.

b) Advance education.

c) Relieving unemployment.

Public benefit

Providing recreational and leisure time activity in the Charity Commission's general guidance on public benefit and complied with section 17(5) of the 2011 Charities act when reviewing our aims and objectives and in planning our future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objectives they have set.

Page 1

Rock Foundation UK Limited

Report of the Trustees

for the Year Ended 31 March 2024

ACHIEVEMENT AND PERFORMANCE Charitable activities

We would first like to thank all our funders for their support and all our volunteers and staff who without everybody's help it would not have been possible.

Rock was started by a parent of a special needs child who, having explored the availability of training for over 18's discovered that very little was available. She subsequently decided to start Rock Foundation to provide young people and adults, and the disadvantaged, work experience and supported workshops so that they could achieve their potential in life, and we now serve more than ninety adults with learning disabilities every week.

During the last financial year, Rock Foundation continued to provide support services to its targeted client groups. These included a wide range of workshops such as, art and craft, woodwork, puppetry, cookery, baking, computers, healthy living, needlework, furniture restoration, horticulture, DIY, baking, and laser craft etc, alongside courses in independence and work skills, community living and transportation. Our annual awards evening at the Town Hall was a great success with the Rock Choir making a special performance. With great remarks from our Deputy Mayor and other guests. Our choir also performed for our local Fishermen and Docks open day and made a special performance at our talent show.

Rock Foundation UK Ltd has continued to further its work with the local community by working with a network of local and regional companies and donors.

The food bank has now moved into its new premises. It was agreed by the trustees for the food bank to become independent from our Rock Charity and is operating under the new charity Rock Community Hub CIO.

We have also continued to wholesale our laser products through Potter's House. Although sales have dropped due to so many shops closing, they do help to financially underpin our work. This accompanies our ongoing work in utilising online sales avenues such as Etsy, and physical retail spaces at our Caistor site. We are seeking to continue to grow this in coming years to increase our financial resilience and service sustainability.

Our supported housing at Caistor accommodates 6 residents as well as intermittent respite placements. Caistor Day services are doing well with 20 service users. The Tea Room has continued to grow, and we are very proud of our team, as we are of all of our workers in Caistor and Grimsby.

We also have a community allotment at Caistor run by our fantastic volunteers. The produce from our allotment is also providing produce for our Tea Room and a small income with the sale of plants as well. We were also grateful for a grant from the Bishop's Fund to be able to purchase a Hotbin mega. Our Polly tunnel in Grimsby is also very popular with our students.

After a break in in September where our tractor and garden equipment were stolen, we are so grateful to the general public, companies and grant organisations who donated to us so we could purchase new equipment.

This year we were granted planning at our Caistor site to put in solar panels which will be installed later in the year. New front doors were also purchased for our Heneage site and a disabled roundabout and sensory room for Caistor. Could we thank all our grant funders, without their support we would never have been able to purchase these goods.

We would like to thank all our supporters for their continued assistance by way of donations, and all individuals, faith groups and other organisations who have supported Rock Foundation UK Ltd.

We would also like to extend a very big thank you to all our volunteers as without them it would be impossible to continue the work of Rock Foundation.

Page 2

Rock Foundation UK Limited

for the Year Ended 31 March 2024

Report of the Trustees

ACHIEVEMENT AND PERFORMANCE

Volunteer review

We continue to be blessed by excellent volunteers; many have worked for the charity for many years.

Our volunteers come from a wide range of organisations, backgrounds, and experiences, representing a wide cross section of our community.

Number of volunteers this year has been outstanding with a total of 34 over our 2 sites contributed a total of around 7934 hours across the last year, equating to roughly 155 hours per week in volunteer time.

Our regular volunteers therefore contributed approximately £91,241 between them at a combined value of around £11.50 per hour. We also receive help from many casual volunteers throughout the year, whose valuable contribution is difficult to quantify, but incredibly significant.

These people come to help with specific short term projects or events, offer a few days when they are available, or attend on short term placement from training agencies. We estimate to have received approximately 450 such volunteering hours, placing our grand total of around £5,175.

FINANCIAL REVIEW

Reserves policy

It is the policy of the charity to monitor unrestricted funds which are free reserves of the charity to achieve a minimum level of £95,000. This will provide sufficient funds to cover management, administration, support costs and to respond to emergency applications for grants which arise from time to time.

Incoming resources for the year amounted to £802,641 (2023:£719,956) and resources expended £750,094 (2023: £685,981). Free reserves at the year-end were £974,078 (2023:£921,531).

FUTURE PLANS

As always plans are in place to maximise the use of our current resources, develop new services and increase our intake of service users.

Our aim is to continue to move our supported living facility towards being fully occupied. This year we have had more respite clients use our services. The aim of the service is to provide excellent care for adults with learning disabilities. This is a non-profit venture which stands in contrast to the commercialised provision of care and support that proliferates locally, and places shareholders before clients. Our aim is to continue to build positive relationships with funders, as well as diversifying our social enterprise output from the site, to build further resilience into the project.

Further developments include an ongoing maintenance project for our Grimsby site with funding being sought for new windows and solar panels. This is as well as the ongoing expansion of our gardening project at Grimsby and Caistor around growing high-quality produce for our residents, tearooms, and the public, whilst providing an excellent set of training opportunities for our members.

We are seeking further funding to be able to modernise our Grimsby site

This year present climate

At present our reserves are good, but as a board this is something that needs to be looked at on a regular basis.

As a charity we feel confident about the future, but we are aware this can change. We feel we have tried to look at every eventuality.

Some concerns - Lack of volunteers. Lack of day students. Financial loss of income due to another lock down and cost of utilities and fuel.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is governed by its Memorandum and Articles of Association incorporated 6 May, 2008 as amended by written resolution dated 22 October, 2008 and 29 July, 2014 respectively.

Page 3

Rock Foundation UK Limited

for the Year Ended 31 March 2024

Report of the Trustees

STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment and appointment of new trustees

The charity seeks to appoint trustees from persons who share the same ethos. It seeks to identify those most suitable to bring a balance of skills and strengths to the board. Each trustee is given a job description which utilises their skills.

Organisational structure

The CEO makes day to day decisions with regards to the general running of the charity. Trustees make decisions on management salaries, development and expansion and any other major decisions.

Induction and training of new trustees

We have a policy for induction and training of trustees. As stated in our policy each trustee receives a training pack and will also spend a day with our CEO explaining the role of the trustee.

Risk management

The trustees have examined the major strategic, business and operational risks that the charity faces and confirms that systems are in place to monitor and control these risks and ensure that the necessary steps can be taken when appropriate.Any major risks to which the charity is exposed will be reviewed in an emergency trustees meeting.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

06585052 (England and Wales)

Registered Charity number

1126626

Registered office

39-41 Heneage Road Grimsby North East Lincs DN32 9ES

Trustees

R J K Burrell Director (resigned 4.12.23) Ms P E Hodge Director Miss S Howard Director M Scarrott Director Mrs R J Page (appointed 2.2.24) H R Page (appointed 2.2.24)

Bankers

National Westminster Bank Plc 66 Victoria Street Grimsby DN32 9ES

Senior staff

Miss P E Hodge

Approved by order of the board of trustees on 10 September 2024 and signed on its behalf by:

Ms P E Hodge - Trustee

Page 4

Independent Examiner's Report to the Trustees of Rock Foundation UK Limited

Independent examiner's report to the trustees of Rock Foundation UK Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Mark Stothard FCA

10 September 2024

Page 5

Rock Foundation UK Limited

Statement of Financial Activities for the Year Ended 31 March 2024

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
3
Core projects
General
Core projects-Restricted
Other income
Total
EXPENDITURE ON
Charitable activities
4
Core projects
General
Core projects-Restricted
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
569,437
200,450
-
-
-
769,887
717,340
-
-
717,340
52,547
921,531
974,078		 Restricted
fund
£
-
32,754
-
-
-
32,754
32,754
-
-
32,754
-
48,377
48,377		 31.3.24
Total
funds
£
569,437
233,204
-
-
-
802,641
750,094
-
-
750,094
52,547
969,908
1,022,455		 31.3.23
Total
funds
£
484,028
156,491
2,940
68,125
8,372
719,956
615,435
2,421
68,125
685,981
33,975
935,933
969,908

The notes form part of these financial statements

Page 6

Rock Foundation UK Limited

Balance Sheet

31 March 2024

Notes
FIXED ASSETS
Tangible assets
10
CURRENT ASSETS
Stocks
11
Debtors
12
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
13
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS
Amounts falling due after more than one year
14
NET ASSETS
FUNDS
17
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
fund
£
753,313
6,000
120,888
442,861
569,749
(44,817)
524,932
1,278,245
(304,167)
974,078		 Restricted
fund
£
48,377
-
-
-
-
-
-
48,377
-
48,377		 31.3.24
Total
funds
£
801,690
6,000
120,888
442,861
569,749
(44,817)
524,932
1,326,622
(304,167)
1,022,455
974,078
48,377
1,022,455		 31.3.23
Total
funds
£
826,452
6,000
143,044
335,481
484,525
(37,631)
446,894
1,273,346
(303,438)
969,908
921,531
48,377
969,908

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 7

Rock Foundation UK Limited

Balance Sheet - continued

31 March 2024

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 10 September 2024 and were signed on its behalf by:

P E Hodge - Trustee

The notes form part of these financial statements

Page 8

Rock Foundation UK Limited

Cash Flow Statement

for the Year Ended 31 March 2024

Notes
Cash flows from operating activities
Cash generated from operations
1
Interest paid
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Net cash used in investing activities
Cash flows from financing activities
Loan repayments in year
Loan interest
Net cash used in financing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 31.3.24
£
156,468
(28,242)
128,226
(9,888)
(9,888)
(39,200)
28,242
(10,958)
107,380
335,481
442,861		 31.3.23
£
109,339
(16,285)
93,054
(21,000)
(21,000)
(93,121)
16,285
(76,836)
(4,782)
340,263
335,481

The notes form part of these financial statements

Page 9

Rock Foundation UK Limited

Notes to the Cash Flow Statement for the Year Ended 31 March 2024

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES OPERATING ACTIVITIES
31.3.24 31.3.23
£ £
Net income for the reporting period (as per the Statement of Financial
Activities) 52,547 33,975
Adjustments for:
Depreciation charges 34,650 30,547
Interest paid 28,242 16,285
Decrease in debtors 22,156 25,324
Increase in creditors 18,873 3,208
Net cash provided by operations 156,468 109,339

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.23 Cash flow At 31.3.24
£ £ £
Net cash
Cash at bank and in hand 335,481 107,380 442,861
335,481 107,380 442,861
Debt
Debts falling due within 1 year (27,399) 11,687 (15,712)
Debts falling due after 1 year (303,438) (729) (304,167)
(330,837) 10,958 (319,879)
Total 4,644 118,338 122,982

The notes form part of these financial statements

Page 10

Rock Foundation UK Limited

Notes to the Financial Statements for the Year Ended 31 March 2024

1. ACCOUNTING POLICIES

Basis of preparing the 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) (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.

Income

All income is recognised in the Statement of Financial Activities once the charity charityhas entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Donation and legacy income is received by way of donations and gifts is included in full in the statement of Financial Activities when receivable. The value of services provided by volunteers has not been included in these accounts.

Grants, where entitlement is not conditional on the delivery of specific performance by the charity, are recognised when the charity becomes entitled to the grant. Grants received in relation to capital expenditure are recognised in the Statement of Financial Activities when the charity becomes entitled to the grants.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixture and fittings 20% Straight Line Motor Vehicles 20% Straight Line

Freehold property -Building 2% Straight Line -Commercial Kitchens 5% Straight Line -Public Toilet Facilities 6.67% Straight Line -Residential Kitchens 10% Straight Line -Residential Bathrooms 10% Straight Line -Heating Systems 10% Straight Line -Alarm Systems 10% Straight Line

Land is not depreciated.

Fixed assets are stated at cost less accumulated depreciation. The cost of minor additions under £250 are not capitalised.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The charity is exempt from corporation tax on its charitable activities.

continued...

Page 11

Rock Foundation UK Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

1. ACCOUNTING POLICIES - continued

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme.Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Donated goods

Donated goods are recognised in income at sales value when they are sold.

General services provided by volunteers and organisations are not recognised in the statement of financial activities. Further details of these are disclosed in the trustees report.

Specific services provided by other organisations are recognised in the statement of financial expenditure ad donations and charitable expenditure.

Donated goods for distribution are recognised in the statement of financial activities when distributed at market value as donations and charitable expenditure.

2. DONATIONS AND LEGACIES

3.

Donations and gifts
INCOME FROM CHARITABLE ACTIVITIES
Activity
Charitable activities
Core projects
Service provisions
Core projects
Grants
Core projects
Grants
General
Grants
Core projects-Restricted
Grants received, included in the above, are as follows:
Lloyds
Bernard Sunley Foundation
NELC Hardship
The Morrisons Foundation
Sainsburys
Groundwork UK
Garfield Weston
Carried forward		 31.3.24
£
569,437
31.3.24
£
7,570
166,585
59,049
-
-
233,204
31.3.24
£
420
-
-
-
-
375
25,000
25,795		 31.3.23
£
484,028
31.3.23
£
7,863
123,244
25,384
2,940
68,125
227,556
31.3.23
£
-
4,000
30,000
22,000
385
1,125
25,000
82,510

continued...

Page 12

Rock Foundation UK Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

3.
INCOME FROM CHARITABLE ACTIVITIES - continued
Brought forward
The National SW, NGS CG & Award
Arnold Clark Automotive
Luncheon Club
E Bank Go
NHS
The Neighbourly Foundation
The Charities Trust Natwest
Voluntary Action
Singleton Birch
Lottery Fund
4.
CHARITABLE ACTIVITIES COSTS
Core projects
5.
SUPPORT COSTS
Core projects
6.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets
7.
TRUSTEES' REMUNERATION AND BENEFITS
Trustees' salaries
Trustees' social security
Trustees' pension contributions to money purchase schemes		 31.3.24
£
25,795
-
-
-
500
12,500
8,736
3,500
3,588
3,516
914
59,049
Support
Direct
costs (see
Costs
note 5)
£
£
726,538
23,556
Governance
Other
costs
£
£
21,528
2,028
31.3.24
£
34,650
31.3.24
£
47,328
5,227
1,225
53,780		 31.3.23
£
82,510
5,000
1,000
5,000
-
-
-
-
-
-
-
93,510
Totals
£
750,094		 31.3.23
£
82,510
5,000
1,000
5,000
-
-
-
-
-
-
-
93,510
Totals
£
750,094
Totals
£
23,556
31.3.23
£
30,547
31.3.23
£
42,400
4,835
1,085
48,320		 Totals
£
23,556
48,320

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.

continued...

Page 13

Rock Foundation UK Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

8. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 31.3.24
£
411,228
15,973
5,190
432,391		 31.3.23
£
310,868
12,121
3,462
326,451

Included in staff costs are salary and employers national insurance paid to and in relation to key management of £47,328 (2023:£42,400).

The average monthly number of employees during the year was as follows:

Core
No employees received emoluments in excess of £60,000.
9.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
484,028
Charitable activities
Core projects
156,491
General
2,940
Core projects-Restricted
-
Other income
8,372
Total
651,831
EXPENDITURE ON
Charitable activities
Core projects
615,435
General
2,421
Core projects-Restricted
-
Total
617,856
NET INCOME
33,975
RECONCILIATION OF FUNDS
Total funds brought forward
887,556
TOTAL FUNDS CARRIED FORWARD
921,531		 31.3.24

33
Restricted
fund
£
-
-
-
68,125
-
68,125
-
-
68,125
68,125
-
48,377
48,377		 31.3.23
26
Total
funds
£
484,028
156,491
2,940
68,125
8,372
719,956
615,435
2,421
68,125
685,981
33,975
935,933
969,908

continued...

Page 14

Rock Foundation UK Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

10. TANGIBLE FIXED ASSETS

Fixtures
Freehold
and
property
fittings
£
£
COST
At 1 April 2023
870,155
124,617
Additions
-
9,888
At 31 March 2024
870,155
134,505
DEPRECIATION
At 1 April 2023
91,423
105,763
Charge for year
17,403
8,079
At 31 March 2024
108,826
113,842
NET BOOK VALUE
At 31 March 2024
761,329
20,663
At 31 March 2023
778,732
18,854
11.
STOCKS
Stocks
12.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
13.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 15)
Social security and other taxes
Other creditors		 Motor
vehicles
Totals
£
£
45,840
1,040,612
-
9,888
45,840
1,050,500
16,974
214,160
9,168
34,650
26,142
248,810
19,698
801,690
28,866
826,452
31.3.24
31.3.23
£
£
6,000
6,000
31.3.24
31.3.23
£
£
120,888
143,044
31.3.24
31.3.23
£
£
15,712
27,399
5,907
2,608
23,198
7,624
44,817
37,631		 Motor
vehicles
Totals
£
£
45,840
1,040,612
-
9,888
45,840
1,050,500
16,974
214,160
9,168
34,650
26,142
248,810
19,698
801,690
28,866
826,452
31.3.24
31.3.23
£
£
6,000
6,000
31.3.24
31.3.23
£
£
120,888
143,044
31.3.24
31.3.23
£
£
15,712
27,399
5,907
2,608
23,198
7,624
44,817
37,631		 Motor
vehicles
Totals
£
£
45,840
1,040,612
-
9,888
45,840
1,050,500
16,974
214,160
9,168
34,650
26,142
248,810
19,698
801,690
28,866
826,452
31.3.24
31.3.23
£
£
6,000
6,000
31.3.24
31.3.23
£
£
120,888
143,044
31.3.24
31.3.23
£
£
15,712
27,399
5,907
2,608
23,198
7,624
44,817
37,631
214,160
34,650
248,810
801,690
826,452
31.3.23
£
6,000
31.3.23
£
143,044
31.3.23
£
27,399
2,608
7,624
37,631
37,631

Page 15

continued...

Rock Foundation UK Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

14.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24
£
Bank loans (see note 15)
304,167
15.
LOANS
An analysis of the maturity of loans is given below:
31.3.24
£
Amounts falling due within one year on demand:
Bank loans
15,712
Amounts falling between one and two years:
Bank loans - 1-2 years
15,712
Amounts falling due between two and five years:
Bank loans - 2-5 years
47,135
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal
241,320
16.
SECURED DEBTS
The following secured debts are included within creditors:
31.3.24
£
Bank loans
319,879		 31.3.23
£
303,438
31.3.23
£
27,399
27,399
82,196
193,843
31.3.23
£
330,837

CAF Bank Ltd have secured fixed charges over the freehold property 39-43 Heneage Road, Grimsby, DN32 9ES and Top House Farm, Grimsby Road, Casitor, LN7 6RJ.

17. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
Core projects
TOTAL FUNDS		 At 1.4.23
£
921,531
48,377
969,908		 Net
movement
At
in funds
31.3.24
£
£
52,547
974,078
-
48,377
52,547
1,022,455		 At
31.3.24
£
974,078
48,377

Page 16

continued...

Rock Foundation UK Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

17. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming
resources
£
Unrestricted funds
General fund
769,887
Restricted funds
Core projects
32,754
TOTAL FUNDS
802,641
Comparatives for movement in funds
At 1.4.22
£
Unrestricted funds
General fund
887,556
Restricted funds
Core projects
48,377
TOTAL FUNDS
935,933
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
651,831
Restricted funds
Core projects
68,125
TOTAL FUNDS
719,956		 Resources
Movement
expended
in funds
£
£
(717,340)
52,547
(32,754)
-
(750,094)
52,547
Net
movement
At
in funds
31.3.23
£
£
33,975
921,531
-
48,377
33,975
969,908
Resources
Movement
expended
in funds
£
£
(617,856)
33,975
(68,125)
-
(685,981)
33,975

continued...

Page 17

Rock Foundation UK Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

17. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
Core projects
TOTAL FUNDS		 At 1.4.22
£
887,556
48,377
935,933		 Net
movement
At
in funds
31.3.24
£
£
86,522
974,078
-
48,377
86,522
1,022,455		 At
31.3.24
£
974,078
48,377

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 1,421,718 (1,335,196 ) 86,522
Restricted funds
Core projects 100,879 (100,879) -
TOTAL FUNDS 1,522,597 (1,436,075 ) 86,522

Restricted Funds

All restricted funds are for the core purposes of the charity.

ESC Lottery Fund

Amounts received from ESC Lottery fund were a contribution towards equipment for the sports hall.

Singleton Birch

Amounts received from Singleton Birch were a contribution towards equipment for day services.

Voluntary Action

Amounts received from Voluntary Action were a contribution towards equipment.

Charities Trust Natwest

Amounts received from Charities Trust Natwest were a contribution towards the installation of new windows.

The Neighbourly Foundation

Amounts received from The Neighbourly Foundation were a contribution towards the installation of new front doors.

NHS

Amounts received from NHS were a contribution towards the cost of a PHB Pilot.

continued...

Page 18

Rock Foundation UK Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

18. RELATED PARTY DISCLOSURES

Gifts of £72,782 (2023:£53,880) were receivable during the year from Rock Caistor Ltd. Rock Caistor Ltd owed the charitable company a balance of £44,211 (2023:£92,492) at the year end.

Gifts of £35,951 (2023:£38,950) were receivable during the year from Rock Social Enterprise Ltd. Rock Social Enterprise Ltd owed the charitable company a balance of £13,458 (2023:£7,218) at the year end.

Gifts of £21,822 (2023:£Nil) were receivable during the year from Rock Community Hub Ltd.Rock Community Hub Ltd owed Rock Foundation UK Limited £6,245 (2023:£1,692).

Page 19

Rock Foundation UK Limited

Detailed Statement of Financial Activities for the Year Ended 31 March 2024

Detailed Statement of Financial Activities
for the Year Ended 31 March 2024
31.3.24 31.3.23
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations and gifts 569,437 484,028
Charitable activities
Charitable activities 7,570 7,863
Service provisions 166,585 123,244
Grants 59,049 96,449
233,204 227,556
Other income
Kickstart grant income - 8,372
Total incoming resources 802,641 719,956
EXPENDITURE
Charitable activities
Trustees' salaries 47,328 42,400
Trustees' social security 5,227 4,835
Trustees' pension contributions 1,225 1,085
Wages and labour 345,705 254,321
Social security 10,209 6,922
Pensions 3,965 2,377
Rates and water 7,855 7,571
Insurance 14,202 13,404
Light and heat 30,433 37,407
Telephone 6,912 4,705
Postage and stationery 1,576 2,089
Advertising 29,964 3,723
Sundries 6,452 3,912
Purchases 67,512 56,254
Motor 11,650 35,017
Repairs 45,495 120,458
Computer and internet costs 7,985 1,827
Ebay and paypal fees 594 630
Travel 400 1,181
Professional fees 17,399 16,379
Card charges 1,558 2,224
Depreciation of tangible fixed assets 34,650 30,547
Bank loan interest 28,242 16,285
726,538 665,553
Support costs
Other
Wages 18,195 14,147
Carried forward 18,195 14,147

This page does not form part of the statutory financial statements

Page 20

Rock Foundation UK Limited

Detailed Statement of Financial Activities for the Year Ended 31 March 2024

Detailed Statement of Financial Activities
for the Year Ended 31 March 2024
31.3.24 31.3.23
£ £
Other
Brought forward 18,195 14,147
Social security 537 364
Insurance 747 726
Light and heat 1,602 1,968
Telephone 364 238
Postage and stationery 83 99
21,528 17,542
Governance costs
Accountancy 2,028 2,886
Total resources expended 750,094 685,981
Net income 52,547 33,975

This page does not form part of the statutory financial statements

Page 21