Charity No. 1146771 and 1146771-1
Company No. 07921722
THE ROSSENDALE TRUST LIMITED
and The Rossgndale Trust
incorporatlng the Hovls Pleasance
LINKED REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024

THE ROSSENDALE TRUST LIMITED and The Rossendale Trust Incorporating the Hovis Pleasance
Llnked Financial Statements for the
ear ended 31 March 2024.
Contgnts
Page
Reference and Administration
Report of the Trustees
2-13
Report of the Auditors
14-16
ststement of Financial Activities
17
Balance Sheet
18
Statement of Cash Flows
19
Notes forming part of the financial statements
20-29

THE ROSSENDALE TRUST LIMITED and The Rossendale Trust incorporatlng the Hovis Pleasance
Linked Financial Statements for tho
ear ended 31 March 2024
Reference and Admlnlstratlon Inforniation
Patron
David Rutley - Member of Parliament
Hon Presldent
Moira Beswick (appointed 2P November 2023)
Trustees
A Schofield - Chairperson (appointed 27th November 2023)
R Bevan - (appointed 8th March 2024}
M Goddard
A Gregory - (Resigned 27 November 2023)
M Ha￿00d
S Homewood
T O'Keefe
I Poynton
A Richards
J Rockett
J Ward
Key Management Personnel
S Nichols
A Wright
J Roberts-smrth
S Heaven
W Elwood
S Potts
L Coales
K D¢)wning
J Blythe
C Gillespie
Z Williams
Chief Executive
Registered Manager and Head of Supported Living
Head of HR and Training
Head of PR & Fundraising and Secretary to Trustees
Senior Finance Manager
Business Strategy Manager
Quality and Compliance Manager
IT, Brand and Communications Manager
Day Services Manager
WorkTaste Manager
Family Liaison Officer
Rogisterod
Office
Rossendale Hall
Hollin Lane
Sutton
Macclesfield
heshire
SK11 OHR
Charlty Number
1146771 The Rossendale Trust Limited 1146771-1 The
Rossendale Trust Endowed Charity
Company Number
07921722
Auditorn - TBG Bright LLP
Bankers
Barclays Bank
Sollcltors
SAS Daniels
Page 1

THE ROSSENDALE TRUST LIMITED and The Rossendale Trust incorporating the Hovis Pleasance
Llnked Flnancial Statements for the
ear ended 31 March 2024
The Trustees are pleased to present their annual directors, report together with summary financial
ststements of the charity for the year ending 31 March 2024 which are also prepared to meet the
requirements for a director's report and accounts for Companies, Act purposes.
The financial statements comply with the Charities Act 2011, the Companies Act 2006. the Memorandum
and Articles of Association, and Accounting and Reporting by Charities.. Statement of Recommended
Practice applicable to charities preparing their accounts in accordance with the Financial Repo￿.ng
Stsndard for applicable in the UK and Republic of Ireland IFRS 102).
Reference and Admlnlstratlon Informatlon
Patron
David Rutley - Member of Parliament
Hon President - M Beswick
Tru8tees who served during the yèar
A Schofield - Chairperson from 27 November 2023
M Beswick - Chairperson to 271h November 2023
R Bevan
M Goddard
A Gregory
M Hanwood
S Homewood
T O'Keefe
I Poynton
A Richards
J Rockett
J Ward
Chalrnian's Report
As Chair of the board, l am proud to play a leading role in a local charity that provides a great service for
our tenants, unmatched services to our external users and provides an inclusive and supportive place to
work for our amazing and dedicated staff.
It has been yet another busy year, the external activities provided by the Oakwood and WorkTaste teams
continue to grow and represent the Rossendale Trust in a glowing light whilst out in the community.
We believe that the breadth and accessibility of the sep4ices we provide not onty meets the needs of our
Trust tenants, but of extemal attendees to our day -service. We pride ourselves on our tenant forum and
the ability to make all our services tenant and service user led.
We maintained our rating of "GOOD. throughout the 2023-2024 financial year with our ￿gulator- the
Care Quality Commission, and we continue to provide high quality care for over seventy people in the
Macclesfield and Buxton are8s. The Trust is currently undertaking several strategic initiatives for the
future in developing our medium- term plans.
A great example of the Trusts. development is our investment, and staff training, in technology. Our
digital PASS system has transfonmed the way our staff work with our tenants, making administration
easier and providing a much safer way of working.
Page 2

THE ROSSENDALE TRUST LIMITED and The Rossendale Trust incorporating the Hovis Pleasance
Linked Financial Statements for the
ear ended 31 March 2024
Our portfolio of properties in Macclesfield, has enabled the Trust to build our tenant base for people wilh
a le8rning disability. This is an ex￿lIent way of organically supporting the ongoing needs of our sector
and enabling us to promote our business model.
Our fundraising events during the year 2023-2024 encompassed several successful ventures including
the 501h Anniversary Ball, London Marathon, the Rossendale Annual Fete, our Ladies Lunch, the Annual
Tea Party, and the Annual Fashion Show. These events brought in a very rewarding amount of money,
essential in maintaining the quality and range of our services in an environment that continues to be
financially challenging. We are also always conscious of the wonderful donations and le9acies that we
receive in addition to regular fund ralsing.
From a financial perspective, the environment has, yet again, been challenging, with very restricted
funding from our commissioned serrfices. However, as usual we have received great and welcome
support from our invaluable benefactors- Trusts. Companies, Partnerships, and individuals, many of
them loGal supporters.
I would like to take thi5 Opportunity to thank my fellow Trustee Board members (we have had three new
Trustees join us since my last report) for their commitment and support over the last twelve months and
on behalf of the Board we would like to sincerely thank our staff who care so passionately for our
tenants and external attendees, We must also thank everyone in the community who continues to
support the Trust in so many ways.
Adam Schofleld- Chalr of frustses.
Hlstory Governance and Objectiv•8 of the Trust
Rossendale Trust was created under a Trust Deed date 2nd July 1975. It was originally founded in
1973 and is a lasting testimony to the generosity of the Chapman and Hyde families who purchased
Rossendale Hall as their home and then kindly donated the Hall to the Trust. The first guests arrived In
the purpose-built short stay unit in 1976. Since then, Rossendale Trust has grown to provide residential
care now superseded by Supported Living and day care services in Sutton, Macclesfield, and Buxton. In
2008 the administration of Rossendale Trust and Hovis Pleasance was amalgamated to operate as one
scheme.
In conjunction with the route taken by many other charities. in 2012, the Trust decided to move to corporate
ststus and became a company limited by guarantee {CLG). However, due to specie land being held in the old
charity, it was necessary for the Twst to maintain the two separate charities. The Rossendale Trust Ltd
{1146771) is the corporate trustee of Rossendale Trust {1146771-1) and the objectives and purpose of each
charity is essentially the same.
The Trust has an annual income and expenditure in the ￿gion of £5.8 million <top 3% of UK charities) and over
two hundred staff providing care and support to tenants living in shared apartments and houses. We also
provide a day activity service (Oakwoodl to one hundred adults, both tenants of the Trust and people from the
wider community, offering a wide range of activities including Arts & Crafts, Media, Horticulture, Music,
Swimming and Walking. This seryice runs alongside our inclusNe employment programme, WorkTaste, which
supports many local individuals who have a learning disabilty or are on the Autistic spectrum, to gain valuable
work based experience towards employment.
The 'baseline' care needs of our tenants are funded by our commissioners, (predominantly Cheshire East
Council and Derbyshire County Council), out of which we must pay our staff and other direct expenses. In line
with most independent providers, the Trust works in a difficult financial environrnent. Govemment constraints
are proving unhelpful, most of our incorrE streams come from Local authority commissioned seniices.
Page 3

THE ROSSENDALE TRUST LIMITED and The Rossendale Trust Incorporating the Hovis Pleasance
Linked Financial Statéments for the
ear ended 31 March 2024
The Trust has received inad8qU8te support from our main commissione(I services provider in recent years.
which has put additsonal pressure on our finan￿$ and also the ability to attract and retain staff and compete
against the increasing National Living Wage. This is reflected in the very tough finanGial year experienced in
2023-2024 with a k)ss of circa £321 k. Fortunately we have built up strong reserves over recent years whith
has given us a good level of protection.
Further support to the business has been shown by the loyalty generated by our talented and dedicated
workforce. Their Ioy81ty and commrtment have not diminished and has enabled the Trust to still maintain the
provision of a first-dass service.
Importantly. we must also acknow18dge the wonderful support we receive from grant making Trusts,
companies, partnerships and individuals. much of which is on an ongoing annual basis and includes a great
contribution from local supporters. They make a massive difference to our tenant activities and the important
projects which enhan￿ their daily lives. The additional rental income streams from our owned properties also
assist our financial position.
MIs8lon and Values of Rossendale Trust
The Trusl has Mlsslon Statements and Core Values for the threo prlmary business areas: . Our
Supported Llvlng Mission is Empowering people with disabilities to live with choice and ownership Our
Oakwood Day Servlee MIs8lon - Providing soclal and eng8glng opportunities for people with disabilities Our
WorkTast• Mi88ion - Enabling people with disabilities to gain access to the world of work.
The above ststem•nts are supported by our Core Values: _
Warm - The Trust is a homely environment where everyone feels welcome and well supported.
Incluslve - The Trust provides an incluslve environment wherè ￿oPle of all backgrounds can come together
and feel valued,
Respecttul - We respect and appreciate others for their individual beliefs, passions. goals and choices whilst
embracing person<entred care.
In addilion, we a￿ ￿sponSible for setting the highest standards of care under the guidance and framework set
down by the Care Quality Commission under the following attributes: .
SAFE - by safe, we mean that people are protected from abuse and avoidable harm.
2 CARING - by caring, we mean that the stsff treat people with compassion, kindness. dignity and ￿spect.
3 RESPONSIVE - by responsive, we mean that the services we provide are designated to meet people's
needs.
EFFECTIVE -by effective. we mean that people's care, treatment and support achieve good outcomes,
promotes a good quality of life and based on best available evidence.
5 WELL LED - by well led, we mean that the leadership, man8gement. and governance of the organisation
assures the delivery of highquality, person<entred care, supports learning and innovation and promotes an
open and fair culture
Page 4

THE ROSSENDALE TRUST LIMITED and The Rossendale Trust incorporating the Hovis Pleasance
Linked Financial Statements for the
ear ended 31 March 2024
Executive Summary 2023-2024
Very difficult economic and local market conditions continued in the financial year
2023-2024 and adversely impacted our financial position. The continued lack of
appropriate support from local commissioned seniices has resulted in a loss of circa
£321 k in this financial period. However, it did not affect the successful running of
the business and the delivery of high quality care to all our tenants and day- service
users. Financial year 2024-2025 is continuing to be a challenge but we are
operating with a small surplus (unaudited) in the first six months to Seplember 2024.
Strong Care Quallty Commission R8portlng dolivorad throughout 202&2024.
A successful achievement throughout this year was the regular reviews and updates undertaken
by our regulator on the performance of the Trust. As in the previous rewrting period the Charity
scored 'GOOD" in all five categones on a consistenl basis.
The charity was also awarded the prestigious Princess Royal Trust UK Training
Award for 2023. This national award was given to only forty-seven businesses and
highlights the quality of training being delivered by the management learn and staff.
The Trust introduced a number of new Init￿tiveS during 2023 -2024 highlighted belr)W:
The PASS project was implemented to improve the quality, efficiency and safety of
care delivery by using an online digital care management platform for support staff
and managers. This will eliminate time-consuming papefwork and reduce the risk of
medicines mismanagement. It will also allow live data observationlhistoric d8ts
trends and analysis and the backing up of all support data and safeguarding data
security.
A new HR and training database is being incorporated into the business model to
improve rostering functionality. The new system, selected after extensive market
search and analy818, will provide greater stability, security, accuracy and user
efficiency. Product migration is ongoing.
The SharePoint structure has been redesigned to incorporate security
enhancements and make clearer, more efficient spaces ft)r managers and
8dministrats.on staff to work within.
The Trust implemented a cyber security platform for learning and security of its core
IT users, incorporating yearly and weekly learning, live phishing simulations, live
dark web scanning and benchmarking the Trust with other org8nisations.
The Trust Identified the need and began phase two of the telephony and
communications update of the Head Office site using Teams telephony.
Updated the Trust's challenge of its rural location in terms of internet connectivity by
installing a leased line ensuring the Trust can use up to date connections with all its
digital platforms.
A rebranding of the Rossendale Trust was undertaken and was identified as a key
initiats've in developing the Trust's public presence, This will enhance our ability to
attract staff, funders, and stakeholders to support the ongoing day to day and futu
operations of the Trust. Also helping to maintain and extend our top 30/0 of UK
charities, status.
Page 5

THE ROSSENDALE TRUST LIMITED and The Rossendale Trust Incorporatlng the Hovis Pleasance
Linked Financial Ststements for the
ear ended 31 March 2024
The Trust have organised a Tenants Forum every quarter and also introduced a Tenants
Guide to keep them up to date with the latest developments at the Trust.
The tenants also play a major role in the Annual Fashion Show, Tenant and Staff
Xmas Parties and intep4iewing prospective new staff members.
Further development of WorkTaste - our supported employment project, a Trust
initiative enabling more individuals to experience a real work setting within the local
cornmunity. This has been an outstanding success and excellently supported by a
range of local employers.
Additional purchases of properties in Macdesfield in recent years have assisted in the
expansion of our service to ten new users who have learning disabilities within the local
area. This has brought in additional critical income
A strong mandatory training programme, financial educational support, and stsff benefits
package - all of which assist in recruiting and retaining good quality employees. Employee
levels are holding up well, despite the difficults'es within the care sector with low levels of
sickness and turnover by industry standards.
Membership of Voluntary Organisation Disability Group, National Council of Voluntary
Organisations and Learning Disability England, all of whom promote the independence of
people with learning disabilities.
• A strong balance sheet with turnover at £5.8m and_total assets of £2.4m. (compared to
tumover of £2.7m and assets of £1,7m fve years previously). Long term capital assets
support the Trust's balan￿ sheet and sustainability for the future. We continue to develop
a clear strategy regarding the Supported Living Model and benefiting the local community
Ro88•ndale Trust - Flnanclal performance 2023 - 2024
There were very difficult economic conditions for all charities across the UK and especially those
operating in the adult SOCI81 care sector. The financial year to 31 March 2024 was very tough with the
Trust receiving continued inadequate support from our main commissioned seNice provider. Cheshire
East. This was reflected in a very low hourly rate compared to other local authorities.
Importantly, the Trust did continue to improve the sakries and benefits packages of our staff, also
ensuring that all staff receive an hourly rate above the National Living Wage.
From a Linked charity perspective, the Rossendale Trust charlty had a difficult year in reporting an
operating loss of £321.07412023 - loss of £128,386)
Additional income from fundraising and investments, legacies and other activits'es was £248,361 and
investment income £270,872 {2023- £228,137 and £240,485 respectively).
Generous contributions were received throughout the financial year ending 31 st March 2024 from a wide
range of supporters. Fundraising included support from the 501h Anniversary Ball. the Fashion Show,
Ladies Lunches. London Marathon, Macclesfield Half Marathon, The Manchester 1 Ok and The
Rossendale Annual Fete. Future fundraising activity will continue to be a critiGal comerstone in the futu
success of the Charity.
Extemal support from grant making trusts, corporate bodies and individuals is paramount in
financing projecis to improve the wellbeing of individuals within the Trust and for us to improve our
facilities and build for the future. In line with risk management guidelines, corporate govemance, and
financial stability, it is always the Trust's twin aim to look after the staff and continue to build a solid
platform of reserves and liquidity.
Page 6

THE ROSSENDALE TRUST LIMITED and The Rossendale Trust Incorporating the Hovls Pleasance
Linked Financial Statements for the
ear ended 31 March 2024
Receipt of Car• Fees and Care Resource Expenditure
The cost of care exceeded the income received £570,777 compared to the previous year where there was a
deficit of £415.427 There was an increase in fee income to £ 5.300.432 (2023 - £4,725,333) this was radically
offset by the increase in care delivery costs amounting to £5,970.069 (2023- £5.241,978) including salary
increases to retain our valuable workforce.
The bulk of costs re18ted to staffing which were £5,452,217 (2023 - £4,650,334). Total care expenditure
included other direct and support costs of £614,821 (2023 - £562,346) and govemance costs of £33,134 (2023
-£29,298).
Future Flnanclal Stablllty
The financial year 2023-24 has been difficult. due to the cumulative shortage of financial support from the
commissioned services and the need to lelain and improve stsffing levels. The ongoing impact of inadequate
funding has caused a difficult operating environment across the care industry in the UK, but the Trust has been
particularly impacted by receiving much of our fijnding at exceptionally low hourly rates compared to the rest of
the market. Despite these setbacks, the Trust continues to perform well and deliver a first class service, and we
believe that the current situation will not impact on the Trust's short term sustainability and our'going concern"
ststus.
In response to the medium-term implications, we have built a strong balance sheet over the past six years and
currentty have a reasonably healthy reserves position. We have adequate bank balances and have ownership
of a small number of properties and other assets with good valuab"ons. We do have a strong relationship with
our principal debtors who are our comrnissioners with much of our funding guaranteed. But we are reliant on
thelr continued positlve support In line with the hourly rate, Ilvlng wage and competitors. Net assets at the
financial year end stood at £2,355,199.
Fundral8ing
Our fundraising team abides by the Fundraising Regulator Code of Practice and their fundraising promise. We
strive to always act ethically and responsibly using best practs'ce when we communicate with our supporters,
and we strictly adhere to General Data Protection Regulations (GDPR) in relation to data usage.
From a financial perspectrve. fundraising is a vital part of our sustainability. Trusts and
Foundations incomes during the year were excellent, with a marginal increase in receipts
compared to the previous year. Events and Community fvndraising from the Rossendale Fete, the Annual
Fashion Show (where both tenants and staff participated on the calwalk) and our Ladies Lunch all increased in
popularity and revenue. The Trust held its first Ball to celebrate our 50thAnniversary in June 2023. Our regular
challenge events such as the London Marathon and the London Landmarks Half Marathon were very well
supported.
Several local companies are supporting the Trust as their"Charity of the Yearf,, and in the past
three years we have raised over £650k to support a wide range of activities and initiatives. To
keep our families and supporters up to date, we publish our in-house magazine- RossenTales, - which is
distributed every 2 months.
The WorkTaste scheme is predominantty funded by external support. However, we also
receive good support from the government initiatives driven by the Department of INork and
Pensions. Similarly, the Oakwood Day Service would be nothing like the vibrant, inventive, and
developing setvice, we offer today without major input from funds raised. We extend a massive
°Thank you to all our supporters" over the past twelve months for their generosity, without
which it would be difficult to Sur￿1Ve.
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THE ROSSENDALE TRUST LIMITED and The Rossendale Trust Incorporating the Hovis Pleasance
Llnked Financial SLqtements for the
ear ended 31 March 2024
Tho importance of our staff and investlng In our people
Staff recruitment and retention are at the core of operational planning. Employers in the care sector
invariably must address this issue in the context of low pay. Part of the Trust's solution to this
perennial problem has been to focus our efft)rts on offering our staff a package of benefits which is
affordable foc a charity in this hafd-pressed sector. In our most recent staff survey, 930/r* of
respondents thought that the Trust was a good employer.
We have adopted a '￿alUeS based" recrUIt￿￿nt framework, focusing on the Social Care Commitrnent.
Workplace values are a collective understanding and the way of workin9. It helps build a strong
culture, support people to develop their career and deliver high quality seNices.
Staff beginning (or resuming) their career in care provision may not always have strong academic
qualifications or vocational experience. The Trust recognises this and prOv￿eS greater focus on
developing skills and career paths in an environment where NVQS are more important than MBAS
We offer 8 profession81 workplace, career pathways and a chance to stretch ablllties and confidence.
This programme includes a comprehensive, mandatory trainin9 framework and care Industry
qualifications (ifs not all 8bout the money!) - 890h of Trust stsff felt that the training provided w85
major factor in improving their skills in their job role.
We have a Rewards and Recognition framework which is continuously reviewed and links closely with our
values. Health Insurance, Death in Serrfice cover, Focus Groups, long service awards, celebration evenings,
staff and tenants, forums, staff suggestion schemes, newsletters, refresher training, additional holidays, and
regular pay reviews all form part of these considerations. These are designed to recognise strong contributions
by teams and individuals and to reinforce organisational values, behaviours, and operating principles.
A main driver In the mission and core values Is the strong relationship belween the staff member and tenant
plus the importance of providing Variety, teamwork achievement and enjoyment for both parties.
Corporate Soclal Responslblllty
The Trust is dedicated to supporting CSR and considers its responsibility to Its employees, community. and the
environment as a vital factor in being an excellent organisation. This could not be more evident with our last
three annual applications having placed the Trust in the Times 100 'Best Not for Profit Organisations to Work
for" We continue to promote a greener society and our success at the 2023 East Cheshire Chamber Awards
endorse our stance on these important issues.
We engage with the local community in many more ways too. from our inclu8ive and colourful fete to local
markets selling products made at the Trust. We are a vital part of the local communty. Throughout the year we
work alongside businesses. big and small, in our 'Make a Difference. days which work in distinct ways.
Business staff teams come to the Trust to undertake tasks that improve the life of the people we care for, and
we learn about their work and forge greater community links. It is a good partnership.
We hold regularjoint working initiatives wilh Cheshire East, Provider Forums and the Community Voluntary
Service as well as nelwork meetings with the business community, including East and North Cheshire
Chambers. We also meet regularly with housing providers to find solutions to the growing needs of vulnerable
people in the community
The Importance of Oakwood
Oakwood is the Trust's daytime activity service, providing a broad range of opp)rtunities to Trust tenants and
individuals living in the wider communty to a¢￿sS during the week. Oakwood focuses on tsckling social
isolation by promoting choice, through a structured ts'metable of ￿enty different activities.
Page 8

THE ROSSENDALE TRUST LIMITED and Thè Ro8sendal• Trust incorporating the Hovls Pleasance
Linked Flnanclal Statements for the
ear ended 31 March 2024
Oakwood's current activity portfolio consists of Horticulture, Media and Printing, Arts and Crafts, Cookery,
Healthy Cookery, Baking, Music, Drama, Farm, National Trust, Rudyard and Foresty Group, Sccial Group,
Day Trips, Walking. Keep Fit, Pilates. Video Gaming. Woodwork, Tablelop Games and Multi-sports.
Oakwood is continuing lo expand. wilh new referrals coming through regularly and current users requesting to
increase their number of sessions. We currently work with over one hundred individuals across 420 halfrflay
sessions a week.
The Importance of WorkTaste
The WorkTaste initiative encourages local businesses and communty projecls to host short workplace
opportunities for our tenants. These are supported 1.1 by tr8ined Rossendale staff, who record prOg￿S$,
encouraging individuals in consolidating and developing their skills, whilst creating a portfolio which can be
shared with prospective hosts at interview.
Over the last two years we have been promoting our PA and respite service whereby we encourage our clients
to engage in both social and work experiences. We currently have seven clients, two of which are funded privately
and the rest through Local Authority direct payments.
We are also heavily involved in the Access to Work funded (Department of Work & Pensions) Supported
nternship programme and have been since 2019 where we have established links with three local education
providers to supply our highly skilled coaches. Involvement with this programme is key for Work Taste's
progression going forward.
WorkTaste has proved to be a very rewardln9 experience for both business employees and for our tenants
Worklng wlth other Llke-mlnded Organlsatlons
The Trust has joined several organisation groups whose objectives are to provide the best possible support to
people with a learning disability. The National Council for Voluntary Organisations is the umbrella body for the
voluntary and community sector in England. The Voluntary Organisation Disability Group influence and
develops social care policy and promotes best practice and the Social Care Insts'tute for Excellence objective is
to ensure that social services central role focuses on people who use their services.
Volunteers
The Trustees would like to express sincere thanks to all our volunteers over the financial year 2023 -
2024 for giving their time, experience, and support. Without their massive contribution, we would find it
much more difficult to run the charity succe55fully. This support has been received continually throughout
the financial year by both individuals and a growing number of IocAI companies on "make a difference"
days.
Reserves Pollcy and Golng Concern
The Trustees, medium term aim is to mainlain sufficient funds to provide working capital to cover contingencies
and exceptional costs such as potential redundancies. This is represented by three months, total annual
expenditure. Given the difficulty in obtaining guaranteed funding sources. this is believed to be a prudent and
appropriate approach.
The Trust works hard to achieve this target. In recent years, the lack of financial support from our main
commissioned services provider has made this target very difficult. Given that our business model is
predominantly supported by government-backed entities, we do have a lesser reliance on external funding
sources. However, we are constantly pressurising our loGal authocity relationships to provide better financi81
support.
Page 9

THE ROSSENDALE TRUST LIMITED and The Rossendale Trust incorporating the Hovis Pleasance
Linked Flnanclal Statements for the
ear ended 31 March 2024
The Trustee Board and Senior Management Team are continually looking at ways of improving long-tenm
sust8inability, whilst protscting the position of restricted and endowment funds of both charities. They have
reviewed the Financial Statements for the year ended 31st March 2024 and consider that adequate reserves
continue to be available to fund the activities of the Trust. The Trustees are of the view that the Trust 15 a going
concern.
Corporats Governance
The Trust follows the Charity Corporate Governance Code which is designed as a tool to support continuous
improvement. There are seven principles which make up the code building on the assumptson that the charity is
meeting its legal and regulatory responsibilities as a foundats'on.
1 Organlsatlonal purpose - the board is clear about the charity's aims and ensures that
these are being delivered effectively and sustainably.
2 Loadershlp - the charity is led by an effectlve board that provides Strategic leadership in line
with the charity's aims and values.
3 Integrty - the board acts with integrity, adopting values and creating a culture which help
achieve the organisations charitable purposes. The board Is aware of the importance of the
public's confidence and trust in the charity and the trustees undertake their duties accordingly
4 Dacislon-maklng and Control - the board makes sure that its decision-making processes
are informed, rigorous an(J timely and that effective delegation, control and risk-assessment and
managements systerns are set up and monitored.
5 Board of Effectlveno88 - the board works as an effective team, using the appropriate
balance of skills, experience, background and knowledge to make infomied decisions.
6 Diverslty - the board's approach to diversity 5UPPQrts its effectiveness and leadership.
7 Openness and accountability - the board leads the organisation in being transparent and
account8ble.
The Trustee Board meets 8t least bi-monthly and attends an offsite strategy meeting to discuss the annual
corporate plan and the financial and business framework for the forthcoming medium-term planning period. The
management meet monthly with the Chair and Vice Chair of Trustees to update on important developments
and operational activities being undertaken by the Trust.
The Board delegates operational responsibility to the Chief Executlve and management team. Sub-committees
meet monthly or more frequently to cover the major risk areas of the business - Operations and Care
Management, Strategy and Fundraising, Finance and Audit and HR People and Performance.
A monthly Senior Management Meeting is held to discuss and develop all operational aspects of the business
and update Trustee Board meetings, as well as cascading current progress to all staff within the business.
Management meetings arc also held monthly within the care businesses between Operalional Managers and
Group Leaders. These are all supported by Balanced Scorecard, Risk Register and Disaster Recovery Plan.
Staff surveys indicated 88¥0 agreed that meetings were beneficial and an open forum for discussion.
In terms of business planning, the Trust encourages both management and staff to work across our nine sites
to gain experience and understand the business better. We also mentor our promising staff for future career
progression. Tumover is below the industry average and sickness below the NHS average.
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THE ROSSENDALE TRUST LIMITED and The Rossendale Trust incorporating the Hovis Pleasance
The Remuneration Committee led by the Chair meets annually to consider any proposed annual pay rise for
management and staff. They also review any bonus scheme in place and appropriate payment for employees
with the business. The Committee is assisted in its decision making by reviewing external salary benchmarking
studies, and IoGal competing market conditions where available.
The Trust has a wider number of policies and procedures in place which are reviewed monthly by the People
and Perfomiance Committee. Key Trust policies include SOVA, whistleblowing, medication, personal care,
dignity at work, staff code of conduct, moving and handling, health and safety, fire safety, tenant finance, dress
code, social media, equality and diversity and also capacity, consent and a best interest policy.
Appointmont of Trustees
Trustees have been appointed under the original Trust Deed and a Memorandtsm of Choice covering the
appointment of new Trustees starting in November 1988 through to the most recent appointments in financial
year 2023-2024 in accordance with the Trusvs Articles.
Inductlon and training of Trustee Board Members
The selection process for new Trustee Board members considers the need for a charity to recruit t￿hniCal
expertise and appropriate relevant experience of candidates. New Board members are provided with an
information pack with literature on the duts'es and responsibilities of charity trustees and importanl aspects of
the charity sector. They are encouraged to spend time informally at Rossendale Hall and other business units
to gain knowledge of the Trust and especially of its beneficiaries.
Detsils of suitable training courses are circulated to Trustee 8oard Members with a view to keeping them
updated with legislation, regulation, other compliance requirements, developments and good practice generally
in the sector. Topics include Mental Capacity Act, Health and Safety, Equality and Diversity, SOVA and Dignity
and Respect.
The annual corporate planning Meetin9 is attended by tjoard members and senior st8ff with the airn of
addressing l)oth short- and medium-term strategy for the Trust regardirbg business sustainability.
Consideration is given to the external market environments and future considerations. recent business
performance, current reserves. balance sheet structure, growth opportunities, financial operations and
projection's, governan￿ framework, risk register. balanced scorecard and policy updats. It may also include
educating newer Board members w¢th these and other aspects of the Trust's operation.
During the financial year 2023-2024 the trustees held six meetings at which the charity's progress was
monitored regarding the administration, financial and public relations matters. To aid decision making,
regular meetings are held between Trustees and the management team, including workshops.
Risk Management
The Trustees identify key areas of risk and seek to mitigate these through established reporting and
monitoring Systems. The board and sub committees regularly review the company's risk register and
receive reports from management on key areas of risk to the Trust. The business also has an internal
audit team who reviews all key operational and financial processes in each business unrt across the
Trust. The following statements outline in summary the charity's policies in managing identified forms of
financial risk.
Credlt rlsk
The counterpaty risk on amounts owed to the charty by its customers is low, as most debtors are local
Authorities
Page11

THE ROSSENDALE TRUST LIMITED and The Rossendal• Trust incorporating tha Hovis Pleasance
Llnked Flnancial Statements for the
ear •nded 31 March 2024
Liquidity risk
The Trust addresses liquidity risk in conjunction with the resetwes policy by ensuring that the
business always has appropriate access to short term cash to enable efficient running of the
business.
Non-finanGial rlsk
All non-financial risks are documented on the charity's Business Risk Register and are assigned to an
executive lead indivKlual to manage and report on the risk and the associated risk mitigation strategies.
Board sub-committees review these risks at least quarterly and amended in line with changing business
and economic factors affecting the Trust and the sector.
Publlc Benef5t
In setting our objectives and planning activities, our trustees have given serious consideration to the
Charity Commission's general guidan￿ on public benefit, including the guidance'public benefit running
a charity" (PB2) and the supporting of individu81s in supported living arrangements and the provision of
day care facilities.
Investment Powers and Policy
Over recent years, the Trust has been operating within a tough financial environment and short-term
liquidity has teen utilised to manage daily care and operational commitments. A portion of cash and
bank balances are subject to endowment rules or restricted in their use and set aside for specific
purposes is identified as such in these accounts,
The Board has investigated the benefits of other investment categories and will continue to look at
altematives which add value. Currently unrestricted funds are held in short term bank accounts, which
enables the running of the business in an efficient manner. Restricted funds (currently £99,391) are only
held on an interim basi5 until they can provide support for the purpose intended.
Page 12

THE ROSSENDALE TRUST LIMITED and The Ross•ndale Trust incorporating the Hovis Ploa8ance
Linked FlnancSal Statements for the
ear ended 31 March 2024
Trustee's r•spon8lbilltles in relation to the Flnancial Statements
The charity trustees (who are also the directors for the purposes of company law) are responsible for preparing
a trustee's annual report and financial stalements in accordan￿ with applicable law and United Kingdom
Accounting Standards (United Kingdom Generally Accepte(J Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for
each financial year which give a true and fair view of the charity's activits'es during the year and of its financial
position at the end of the year. In preparing financial ststements giving a true and fair view, the trustees should
ft)Ilow best practice and..
select suitable accounting policies and apply them consistently.
observe the methods and principles in the Charities SORP.
make judgements and estimates that are responsible and prudent.
5tste whether applicable accountin9 Standards and statements of recommended practice have been
followed, subject to any departures disclosed and explained in the financial statements,. and
prepare the financlal statements on the going concern basis unless it is inappropriate to presume
thal the charity will continue in operation.
The Trustees are responsible for keeping accounling records which disclose with reasonable a¢¢uracy
the financial position of the charity, and which enable them to ascertain the financial position of the
charity, and which enable them to ensure that the financial statements comply with the Companies
Act 2006. They are also responsible for safeguarding the assets of the charity 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 on the charitable company's website. Legislation in the United Kingdom governing the preparation and
dissemination of financial statements may differ from legislation in otherjurisdictions.
Statement as to disclosure to our auditors
As far as the trustees are concerned, at the time of approving our trustee's annual report:
There is no relevant Information. being information needed by the auditor regarding
preparing their report, of which the company's auditor is unaware, and
The trustees, having made enquiries of fellow dir￿tOrS and the company's auditor that
they ought to have individually taken. have each taken all steps that they are obligated to
take as directors to make themselves aware of any relevant auLlit infomiation and to
establish th8t the auditor is aware of that information.
Approved by the trustees 21 October 2025 and signed on their behalf by: .
A Schofield - Chair
Page 13

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
THE ROSSENDALE TRUST LIMITED and The Rossendale Trust Sncorporatlng the Hovls Pleasance
Linked Financial Statements for the yoar ended 31 March 2024
Opinlon
We have audited the financial statements of the Rossendale Trust for the year ended 31 March 2024 which
comprise the Statement of Financial Activrties, the Balance Sheet, the Cash Flow Statement 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:
give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 8nd of its
incoming resources and applscation of resources. including its result, for the year then ended., have
been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinlon
We conducted our audit in accordance with Intemational Stsndards 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
wrth 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. W8 believe that the audit evid8nc8 we have obtained is sufficient and appropriate to provide
basis for our opinion.
Concluslons relatlng to going concern
In auditing the financial statements, we have concluded that the trustees, use of the going con¢em basis ol
accounts'ng in the preparation of the financial statements is appropriate.
Based on the work we have perfomed, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to
continue as a going concern for a period of at least hvelve months trom when the financi81 statements are
8Uthorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concem are described in the
relevant sections of this report.
Oth•r Informatlon
The trustees are responsible for the other information. The other information comprises the information included
in the annual report, other than the financial stalements 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 ￿ad 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. Ifwe 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 rnisstatement of this other information, we are
required to report that fact. We have nothing to report in this regard.
Opinion on other matters prescrfbed by the Companiés Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given In the Report of the Trustees for the financial year for which the financial
statements ale prepared is consistent with the financial statements; and
the Report of the Trustees has been prepared In accordance with applicable legal ￿qUIreMents.
Page 14

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
THE ROSSENDALE TRUST LIMITED and The Ros8endale Trust incorporating the Hovis Pleasance
Linked Financial Statements for the year ended 31 March 2024
Matters on which we are requlred to report by exceptlon
In the light of the knowledge and understanding of the charitable company and its environment oblained in the
course of the audit, we have not identified material misststements in the Report of the Trustees.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to
report to you if. in our opinion..
adequate accounting records have not been kept or retums adequate for our audit have not been
received from branches not visited by us; or
the financial statements are not in ag￿ernent with the accounting records and returns. or
certain disclosures of trustees. remuneration specified by law are not made: or we have
not received all the information and explanations we require for our audit.
Re8ponsibiliti88 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 purpose of comp8ny18w} 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 statemants that are free from material
misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible forassessing 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 atternative but to do so.
Audltor8 ra8pon8lbllltle8 for th• audlt of the flnanclal stst•m•nts
Our objectives are to obtsin reasonable assurance about whether the flnsnclal statements as a whole are free
from malerial misstatement. whether due to fraud or error, and to issue a Report of the Independent Audilors
that includes our opinion. Reasonable assurance is a high level of 8ssurance, but is not 8 guarantee that an
audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists.
Misststements can arise from fraud or error and are considere(I material if. individually or in the aggreg8te. they
could reasonably be expected to influence the economic decisions of users taken on the basis of these financial
statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of
irregularities, including fraud.
Our approach to identifying and assessing the risks of material misstatements in respect of irregularities,
including fraud and non-compliance with laws and regulations, was as follows..
The engagement Partner ensured that the engagement team collecb'vely had the appropnate competence,
capabilities and skills to identify or recognise non-compliance with applicable laws and regulations-
We identified the laws and regulations applicable to the company through discussions with trustees and
management, and from our knowledge and experience of the charity sector.,
We focused on specific laws and regulations which we considered may have a direct material effect on the
financial statements or the operations of the company, including the Companies Act 2006, Charitses SORP
FRS102. taxation legislation, data protection, anti-bribery, employment, environmental and health and safety
legislation).,
We assessed the extent of compliance with the18ws and regulations identified above through rnaking
enquiries of management and inspecting correspondence,. 8nd
Identified laws and regulations were communicated within the audit team regularly and the team remained
Slert to inst8nces of non-compliance throughout the audit. We assessed the susceptibility of the company's
financial statements to material misstatements. including obtaining an understanding of how fraud might
occur, by..
Making enquiries of management as to where they considered there was susceptibility to fraud, their
knowledge of actual, suspected and alleged fraud.
Considering the internal controls in place to mitigate risks of fraud and non*compliance with laws and
regulations. To address the risk of fraud through management bias and override controls, we:
Performed analytical procedures to identify any unusual or expected relationships;
Investigate the rationale behind s￿nrf1Cant or unusual transactions.
Page IS

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
THE ROSSENDALE TRUST LIMrrED and The Rossendale Trust incorporatlng the Hovi8 Ploasance
Linked Financial Statements for the year ended 31 Illarch 2024
In response to the risk of irregularities and non<ompliance with laws and ￿gUlations, we designed
procedures which included. but were not limited to..
agreeing financial statement disdosures lo underlying supporting documentation., • reading minutes of
meetings of those charged with govemance.
enquiring of management as to actual potential litigats'on and claims;
There are inherent limitations in our audit PfOC8dures described above. The mre removed that laws and
regulations are from financial transactions, the less likely it is that we would become aware of non-
compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws
and ￿gUlationS to enquiry of the directors and other management and the inspection of regulatory and legal
correspondence. if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from errors as
they may involve deliberate concealment or collusion.
A further description of our responsibilits'es for the audit of the financial staterrents is located on the Financial
Reporting Council's website at www.frc.org. uklauditorsresponsibilities. This description forms part of our
Report of the Independent Auditors.
Use of our report
This report is made solely to the ch8ritable company's members, as a body, in accord8nce with Chapter 3 of
Part 16 ofthe Companies Act2006. Our auditwork has been undertaken so thatwe might state to the charitable
ompany's members those matters we are required to stste 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 members as a body, for our audit work, for this report, or
for the opinions we have formed.
Michael Senior (Senior Statutory Auditor)
for and on behalf of
TBG Bright LLP
26 Edward Court,
Broadheath,
Altrincham,
England, WA14 5GL
Date.. 21 October 2025
Pab>e 16

rh• Tru•t Umii•d Th• RoAMfid•h Tr*t Iffi¢orpM•tlfig lh• Hov1• Pl•aMn¢•
Th• RovMd•l• Tn￿1
Unr••irf¢t•d
ErKI0￿￿
Funds
Fund
Th• Ross•nd•l• Tnjst Llmlt•d Unk•d Charflv LlrN4ed knk8¢1 Che
vAr•￿rte*ll
RM¢rt¢t•d
Total
Totsi
rotsl
Pundl
F￿d5
Funds
Funds
Funtts
202J
Toi•l
Fund•
Tot•1
2024
2023
Not••
ncom•
10.455
89.829
110284
110384
91.060
g1,QJQ
5.3W.432
5 3DJ.4
o,aoo,432
4.72&JJJ
4.72A33J
)VwI￿lIng Ktivtt
114.031
24.046
138,077
13V77,
13T.087
137.087
In¥Mift*ni r¢nt41
270.872
27¢ 672
270Jrd
240.485
240,440
Totsi incom•
s.6￿,￿)
123,875
5.819,666
6,819,885
4193,955
5,193,955
IxpMdllUrn
Ralthg fun¥1
J2.984
32.964
78,059
71.059
ar*abl• a¢ity11￿..
12.636
12.836
5,8S3.912
233 624
6,087.$36
•,10C+,172
&244,282
4241,282
)th•r o)si•
7.$83
7.583
7,OeJ
Totil •xp•ndltut•
17.OJg
12,838
5.491,440 1109.7491
8,128.104
6.140.740
4322.341
4322,341
4•1 In¢am•lEKp•nthurt
112.6381
112,8381
1148,8901 1109,7491
(J08,4381
lJ21.074
(124386) 112a3861
rran$fws b•i**•n fvr￿1
*•( mov•m•ntol fund•
112.6361
112.e361
1198.6901 1109.7491
13Ce,4381
1321,0741
(128.3W (12QJa81
Fundi broughl forw•rd
rotsi PurKh ¢irrf•d forw•
271,384
n6.288
1.C#)7,032
1.459,S01
209,14D
I.￿,841
2 670 273
1,784,391
2804 669
25e.728
736.208
I?￿611
99 391
641
rh• ￿at•rn•M crf fin•ndal •cti¥#*i kncSJd•i •ll g*ns loiMi r•cogniw¢F kn the y•ar_
111 ￿COme expendmur•de￿ lrnm contknukng athitl•s.
"h• not•1 on p*9•1 2Dto 25fonn part of th88• a￿U￿1•.
Page 17

Th• Rou1nd￿tr Trn•t Urnlt•d and TM Ro￿nd*1• 7N$t In¢oYporatlnq t￿ Hov1• Pl••Mn
BalanE• $h••t •• 4131 Mireh 2024
Th Ros8•nd•h TThsl
Th• Rosmnthlo TN•t
Llml¢•d
2014
Th• RosJ•ndAl• Trust
Toi•l Llnk•d Ch•￿ty 2024
Tr• Rossertd&h Twil Tol•l
Llnw Qh•rtty 202J
2024
Hx•d••*•ts.'
6433S4
1 C65.563
215.(Y)J
1280.553
1.708,K)T
1 739.200
Inv•thNs
12
643.3S4
1.•23,907
7 9S4.2O0
Cumi •8Mts.'
i¥
580,746
54.213
110.741
470.670
02.313
1.278.883
C••h M b￿K •T￿ In h•nd
351.642
351.642
•84,602
Ll•)IIIU••
Crelrttys f•lli19 du• wllhkn cno
N•1 ¢urr•M A4••WUibtitl••l
14
MO 039
3S1.642
194 Wdo
854.216
894.996
1.475 473
2,470,469
2,8oa498
Cr•dltor• t4111n• dug •ft•rfflor• Ih•n on•
16
116270
110.270
132 223
N•tAM•L•
gk4.996
1.3￿.20?
2 J66 199
2 676 273
Th• fund8 oIrfMeh•rty.'
726.266
.261
73&268
99.391
Lknr•sththd
258.726
I2￿,811
1.010,53•
1,459.501
Tol•l Chwlty p￿dI
994 998
27J
Approwd bylh• on 21 OatAJ•r 202S and W on IMlr lJ•hoN by..
Cornyny Ng. 7921722
TM not•1 on p•3•4 2010 291m part •c¢wrl•.
P4• 11

Th• Rou8nd•l• T￿1 Llmlte¢ •nd Tfv• PtoM•nd•h Tru•¢ In¢¢rpor•lln9 th• Hov1• Pl¢•Mn
8t4tem•ntolC•sh FtOWS 15 •131 M•rch 2024
Th• RoM•nd*h TNII Totsi
Unk•d
2024
The Rossendats frusi Tot*1
Lw>k•dCh•nty 2023
Not•
•h ui•d In ¢wr*tlw *ellvlll
(626.eJSI
1335. 133)
¢••h flow•lrom In￿•lIng KI1¥1￿••
•tfflonl InMm•
2￿072
240.485
{86. 192J
Pfrt••di If￿ Ml•oflThx•d
5,83
C4•h provld•d by lui•d Inl Invmtlno •¢UvlllM
1•0,132
Ch•ry In ¢i•h provld•d •n¢ ¢￿h •gulv•l?nl• In th•
rnportlw p•rtod
¢4•h and ￿$tt •qulval•nl• 411•tAprtl 2023
802213
95T.314
Total ¢••h •nd ¢••h •q¥lvil•n¢• It 3l•t M•r¢h 2024
405
802 313
rA*h Ind •qulv4lwt• wnilots ol.
Cath at b•nk In
802,313
Pvje i•

The Rossendale Trust Limited and The Rossendale Trust incorporaling the Movis Plea8ance
Notes lo the financial statements ft)T th• year endod 31 March 2024
1 Accountlng Pollcle•
a) 84818 of prepafatlon
t￿se financial statements have been prepared in accordance wrth Accounting and Reporting by
Charities.. Sialement of recommended pra¢lKe apFIKable lo charities preparing their accounts in
acwrdance with t￿ Financial Reportin9 Standard applicable in thè UK and Republic of Irel8nd
IFRS1021. bssued in October 2019. Wbth FRS 102 and wilh the requiremnls of th8 Companiès Act
2C#A and UK Generally Accepted Accounting Practice.
The Rossendale TnJsl meets the definition of 8 public benefft entity under FRS102.
Assets and liabllille$ are inrtialty reco9nised at histoncal co$1 or tranJ•ction voluo unl￿$ olhernise
staled In the relevant acLounting policy nole
The financial State￿nts are presented In P¢)uThJs ¥1grlin9. which ts the lunctsonal vjrrency rounded lo
the nearest pound.
bl Fund• Struthro
Rest￿80 funds are fur#Js whlch are lo be usèd in Ae¢ord8nce with specific re8tnctions impos•J by
Ihe donor.
Unre$tri¢ted incomo fvnds comprno those lunds which the Iw$lees or¢ freo to use for any purpose in
furtheranrk of the charitable objects. Unfèstrthd funds Include deslgnaled fvnds where Ihè Iru5tees.
al their discretion have creAted 8 fund for B S￿dri¢ purpose
Endowed funds ￿Present those ass•l$ wttkh must be held perm•nenlly by ltte charity, Furthor detalls
of each fund are disc108ed in tha notes.
¢1 Inc(xnlng resourc•s
All incomlng resources are recognised On￿ the charity hgs antitlemenl lo the re8ources,1118 probAble
th* the resources will be received and thè monetary value of incoming resources can b8 measured
wllh sufficlent reliability.
Incame from grants is recognlsed when the charity has entitlement to the fvnds. condilions have b•8n
met, bs probable 10 bè reeeived can be measured reliably.
For le9gc'.es anllilementlg taken as th• •arli•r of th8 date on whlch elther the charity Is awa￿ that
probate hos been granted. the eslale has been finalised and notifi¢alion h$$ been f￿￿ed by the trust
that a I￿1nbullon will be made, or when a di8lribulion1s recelved liom the esl81e.
dl Exp•ndltur•
Expenditu￿ is re¢ognis8d onc8 I￿re Is a legal or conslruclive obliptson lo make a payment to O third
P8rty. 111$ probab￿ Ihal settlement will be reouired aThJ Ihe amount ol the obIlgat￿n can be measured
reliabty Exp?ndilure is classlfigd under the foll¢)wing actbvity headlng8.'
Costs of raislrwj funds comprise the costs of fundra sing events
Expendrture on charfjtable activities includes the costs of rAre and
86s0cialed support costs
n T•nglblo flx•d assots •nd d•pr•cl•tlon
D¢preei81ion is wovided on tangible assets in UB8 at ral•s calculated lo write off the co$t over rfs
¢$1kn8t¢d uselul lrfe or, il hèhy under g finance leose. over the lease l¢rm, whichever Is Ihe ¥horter.
Fre8hokl bulldings
2% pa on cost
Motor vehicles
16% pa on c051
Computèrs
25% pa on cost
Fumrture & Equipment 20% pa on cost
Some propgrti¢s were revalued In 2010.
Page 20

The Rossendale Trust Limsted and Rossendale Trust Incorporating the Hovis Plea9ance
Notes to the financial statements for the year ended 31 March 2024
g) Investment propertles
Investment prwrties for Wh￿ fair valuè b8 measur•d r•liably without undw cost or effort are
measured al fair value each repo￿n9 date with thè ¢hange In fair Value recognBed In nel
galnsllosses on investments in the SOFA.
h) Cash
C¥sh at bank is hekl lo meet the day lo day running costs of the trust as they fall due.
i) Fin•ncial instruments
company only has financial assets and financial1￿bIlitIeS of a kiThJ thal qualfy as basic finanoal
instruments. Basic finandal in¥trumenls are inillally recogni5ed al tr8ns8ctfion value and 5ubsequenlty
mea8ured al thelr settknienl value.
jl Dèblors
Trade and other debtorn 8rn f8trJgnis8d at tho $8ttlement gmounl duo. Pfepaymenta are v•luod 81
thg amount prepald
k) Cr•dltors and provhlon•
Cr•dllors and provlsions are re¢ognised Whe￿ tha chttrty ha$ o p￿sertt obligation resutting from a
po$1 ovenl thal wlll probably resuli in the transl•r of lunds to è Ihlrd party and the amount due to settl?
Ih? oblgalion Gan be measured or estlmaled reliabty. Cfedilors and provistons are nomalty
recognBed al Ihetr settlement am¢)unt.
l) Taxatlon
A5 a charity, The Rossendale Twst Is exempt IrrKn lax on In￿Me and galns lallin9 Withln Sectlon $05
of ltte T8xe8 Act 1986 or S256 01 the Taxatlon of Chargo&ble Gal￿ AfA 199210 lh& exlonl Ihal Ihese
are applbed to Its charitable obj'ectives.
No cwor*lon tax charges have 8risen In Ihe charbty this y•ar
TM services provided by Ihe Tfu61 are exempl from Value Added T•x 8n(I so the Trust therefore Is
not VAT reglstered.
m) P•n•lon•
Trust operates a defined conlrib(rtion pension schemes on behall of certain employees ol th•
Trust. The a¥sel$ are held séparately from those of the Trust in independently 8dminislered funds.
The ¢onlribulion$ by the Trust are thargod to tho inc<Nne ond exp8nditur• a¢count in the y•8r in
which thoy bacom• pay8bl8
ft) L•9•1 status of th? tru•t
The Trust Is a company limited by guarantee gnd has no sharo capital In the ovenl of th8 charity
belng wound up. the liability in respect of the guarantee is limil8d to £1 pel member of the charrty
The endowed Chafity the Rossendale Trust incorporating th8 Hovis PleasanrA is a separate ch8rily
Set up by Irust deed whose corporate trustee IS The RossendAle Tru$l Llmlted. The charltses gre
link•d 4nd as suth mu8t prepare one sel of accounts
ol Golng Con￿r￿
The finAn¢,'81 stat8monts hav• tjaèn prepared on a goirvj c¢ncarn ba$1$ as the tr￿le•S ￿lIeve Ihal
no material uncertainlies exlsl. The trustees have cOnS￿ered the level of fu￿15 held and the expect•d
level ol IrKome and expenditure for 12 months from authorising these finan￿￿1 slalements. The
budoeled income and èxpènditure 1$ sufficient with I￿è1 of ièseNes for the chArity to be able to
continu# 85 A going ¢on¢•rn
Page 21

T￿ RosMndal• TrnBI LIMii•d •nd Th• RO￿•nth1• Tnmi Ir*orporwing th• H¢vl• Ph•••n¢•
Not•• to lh• flnlnc1￿ forth• y•*r•r￿a 31 Il•Kh 20x4
Th• 11055•ndal• Try51
R￿1￿¢1￿ Total
Th• R¢M•rtd¥• TNgt Llmll•d
UnrnMrt¢thd
Re$irfct•d
2 DonaUofft• lfftd L•g#el
UrtTroirt¢i•d
Total
Toi•l
2024
Restrictsd
2023
2023
Leg•¢1•5
Grnnl moklw Trusil
10.455
10.455
10A06
99 829
99.829
82.
82.
110.284
J ¢h•rltlbl•k¢lvS11•s
F••1
44fj1.997
410.089
281.OL¥J
4,4819&7
416C69
261
4461,997
418,019
x 261,100
4.001,221
381.ZQ4
189.003
12.838
Rethai9•d In¢ome
Olh•rln¢4m•
135.921
24 è46
5,2eO.432
13S 921
24 946
5,300.432
136,921
142 458
7.549
.300,432 4.725.333
4 ¢)Ih•rTrndlng Actfvlu
Loii•ry
114.031
24 018
138.077
lJ8,077
I 18,252
18.835
IJ7O87
44 147
114.031
24 046
138,077
1JaP77
43. 147
i ￿￿5*mInI and v•nlal InMm•
268.022
288,022
216,022 238,468
r•e•N•a
4,850
2.017
270.872
270.072
Q.012
240 485

Tr• ItM*•Thdth Tru¥t LIMW Th• ROMW￿l• Th*1 th• Pl•1••￿•
No1￿t0 th•llwthl •t*•ThDt•lorth¢ y•¥•nd•d Jl a024
Thb Aoswdafe Trnst
Th• Aoyjendttie T￿11 Lknh•d
iknr•¥irSct•d Aeslr*t•d Endow•d Totsi lthYe•lrf¢t•d R••¢rl¢t•d
Total
2023
2Q3
TOMI R•Mw¢•••xp•nd•d
¢•1• dh¢lly 411or*•O to •¢fvSty
$1•11¢0115
S.074 255
195.X6
22.(r25
195.751
5.274.1K6 l27&006.
135.2* 1J6,211
22.02S 22,025
20.9￿ 20.WO
37 131
37.131,
1.4WJ
1.ffj3
.278
18.278
IOB
e0.108
4.510,025
91 184
20.378
2&767
36.584
1,442
8.206
9.2SS
12,i>JO
Recrunrnnlty)•l•
Tr•ining
Corwnabléi
37 131
1403
88.278
28.235 33.873
936
2S.048
>Jpp•rt ¢o*ts t• dMrft4bl• •¢Ovlty
77.wl
77.fj￿2 T1,￿2
{10,ODJI
{10.000).
41.042
14,170
14,170.
20.C4)S ZQ.ooJ
13,331
13,331
820 81,120
83,461
83,161
3.8[6
10,581
1.2S4
13.181
80.331
12.1
66.JTO
f3 14TJ
18.973
YT 4r4
?2.flS
19.289
IT2¥38
73.5
•at •nd l*
41.012
14 170
20,WS-
13.331
Pr￿11￿
,752
Comwiino Imrrni cobis
R•W* •nd m•ird•n&YK•
R•giiir•ts¢n
85.4S1-
10,561
10,061
1961
6.562
16.083
70.aT3
Iio,iJ¥
dr*A
0•p￿Ciat￿Jn
Pfofiion Iixéd #iilthpos
13,181
eJ),331
12 1CQI
12.636
12,636
71187
12,100
Il f
Non Audrf IM4
8.925
iJ.It7
256
9.rd4
1224
12.636
12.636
5,853 912
733.a74
6.Cef,ts8
3 211978

The Rossendale Trust Limited and Th• Rossendale Trust Incorporatlng the Hovls Pléa$an¢o
Notss to the financial 8tatements for the year ended 31 March 2D24
7 EXpondI￿re & analysls of totsl r￿oUrCeS oxp•nd•d
Staff costs £
Other
Depreciation
Total
The Ross•ndal• Trust Limit•d
Raising Funds
Charitable activities
32,984
753.199
786,184
32.984
6 087 536
6,120,521
5.274.006
5 274,OC
60.331
The Ro88endale Trust
Charitable activities
12.638
12,636
12.636
Analysi8 ol Resouree Di$trfbution for th•
In¢omo
2024
Expenditure Surplusl(d•llcltl
2024
2024
Fundraising and Volunlary
Inveslments and rental income
Charitable Aclivity
Care
Day care
138,077
270,872
4.994,647
416,069
113,677
49,511
5,565,425
404,644
24.500
221,361
1570,777
11,425
Other costs
5,819,865
6,140,740
1321,074)
Chaiitable Activty expenditure oan be analy8ed by the following activitle8.'
Care and Support Seriices for people with learning disabilltles
Day Cenlre
5,565,425
404
Paae 24

'he Rossendale Trust Limited and The Rossendale Trust Incorporatlng the Hovls Pleasance
lotes to the financial statéménts for the
ear ended 31 March 2024
8 Auditors Remuneration
2024
2023
Audit fee
Other SeNices -
6,720
9,666
Payroll
Additional work on management support
10,842
1.200
9 Analysls of staff costs and trustee remuneratlon and expenses
2024
2023
For the linked charty in total for the year:.
Wages & salaries
Staff insurance costs
Social security costs
Pension costs- defined contributions
4,768,039
38.192
364,639
113,135
5 274 006
4, 106,575
32,030
329,398
90,209
4 558 212
The average number of employees, analysed by function for the whole Ilnked charlty was'.-
No.
No.
Care and support services for people with leaming disabilities
Administration
203
14
217
199
14
213
There was one employee who received total employee benefits (excludlng employer pension costs) of more than
£60.000 (2023 - none).
No Trustee received any remuneration or pension rights during the year and no expenses were incurred.
The key management personnel remuneration benefits for the year were £558,660 (2023 - £493,175). Increase due to
the promotion of staff to managerial roles in this year
10 Cllent Account
All residents have personal monies held in a client bank account and petty cash tins separate from the Trust accounts.
These monies do not belong to the Trust and as such they are not included in these accounts nor do they fom part of
the ststutory audit.
Page 25

31
The Rossendale Trust Llmited and The Rossendale Trust incorporating the Hovis Pleasanc¢
Notes to the financial statement8 for the
ear ended 31 Plarch 2024
11 Tangible fixed assets
Freehold
Land and
Buildings
The Rossendale Trust
Total
Cost or valuatlon
At 1 April 2023
776.368
776,368
At 31 March 2024
Depreciation
At 1 April 2023
Charge for year
At 31 March 2024
120,378
12,636
133,014
120,378
12.636
133.014
Net book value
At 31 March 2024
643,354
643.354
Not book value
At 31 March 2023
655,990
655,990
F￿hts1d bulldlngs
2024
2023
Rossendale Hall including car park
Bank Street
309,496
316,480
339,510
655, 990
643,354
Freehold
Land and
Bullding8
Furnitur•
The Ros8•ndale Trust Llmlted
Motor
Vehlcles
Computer
Equlpmont Equlpment
Total
C08t or valuatlon
At 1 Aprll 2023
Addltlons
Disp08als
At 31 March 2024
1,067,979
258,586
46,494
(18,900)
48,067
11 S,077
1,489,709
46,494
18,900
1,517,303
1,067.979
48,067
115,077
Depreclation
At 1 April 2023
Disposals
Charge for year
At 31 March 2024
89,782
1 $3,667
115,0001
43,777
182,444
48,067
114.903
406,44 9
115,000)
16,380
106,162
174
115,077
48,067
451,750
Net book valu8
At 31 March 2024
961,817
103,736
1,065,553
Net book value
At 31 March 2023
978, 197
104.919
174
1,083,290
Fr•ehold bulldlngs
2024
2023
Media Cenlre
Braeside
Thirlmere
Maple Avenue
128,176
322,080
226,935
285,626
961,817
731,380
327, 300
229. 631
289, 886
978,197
Page 26

The Rossendale Trust Limited and The Rossendale Trust Incorporatlng the Hovis Pleasance
Notes to the financial statements for the
ear ended 31 March 2024
The Rossendale Trust
All fixed assets apart from the specie property have been transferred to the Rossendale Trust Limited.
In 2009 the Trust entered into a 60 year lease with Contour Housing Association to build and let accommodation to
the residents as part of the move to Supported Living. The A&sfxiation is charged a peppercorn rent for the land
the￿ has been no diminution in the value of the land.
12 Flxed aGSèt investment
The Rossendale Trust Llmlted
2024
2023
Rental Property - 3 Leefleld Road Chapel
Market value brought forward
Aild net gain (loss) on revaluation
Market value as at 31 March 2024
215,000
215,000
215.000
215.000
The investment property was subject to an independent valuation at 31 st March 2020 based on its current market
value by local estate agent.
13 Debtor8
The Rossendalo Trust Limlted
Debtors for fees
Prepayments and accrued income
Other debtors
Gift aid
512,728
58.628
2.890
409,931
57,249
2,890
6, 500
476,570
580,746
14 Cr•ditor8: amount8 falling due wlthln one year
The Rossendale Trust Llmlt•d
Bounce back loan
Mortgage
Creditors
Taxation and social security
Accruals and deferred income
10,000
6,800
9,906
126,290
10,000
6, 800
16,265
72,217
319 385
424, 667
440,039
Creditorn . Amount8 falllng due arter moro than one year
Amounts falllng due in 14 yearn
Bounce back loan
Mortgage
13,333
23,333
63,333
73,333
Amounts falllng due after 5 years
Boun￿ back loan
Mortgage
51,938
51.938
58,890
58,890
The Mortgage is secured on the Fixed asset Investment Propety 3 Leefield Road Chapel. The Mortgage term is
15 years and is with Barclays Bank pic.
Page 27

The Rossendale Trust Limited and The Rossendale Trust incorporating the Hovis PleapAnce
Notes to the financlal ststements for the year ended 31 March 2024
16 Funds
Incomlng Outgoing
l Apnl 2023 Resources
Resourc88
Transfers 31 March 2024
The Rossendale Trust
Endowment Fund
Hovis Pleasance
736,268
736,268
Unrestrlcted Funds
General accumulated funds
271364
1,007,632
12,636
12,636
258,728
994,996
The Rossendale Trust Llmlted
Unrestricted Funds
General accumulated funds
1,459 501 5 695,790 5,894 480
1459 501 5,695 790 5,894 480
1260,811
1260 811
Restrlctad Funds
Oakwood Projects
shlist
Oakwood IT
WorkTaste
Horticulture
Oakwood Music
Oakwood Health
Oakwood Media
Oakwood Art and Craft
Oakwood Cookery
Harold's Cabin
08kwood Orama
11,000
33,100
11,0(10
33,100
3,250
54.521
3.250
118,735
42,912
2,500
31.776
13,284
45
6,200
780
64,214
42,912
2,500
31,776
1.684
45
11,600
150
24,117
142
209,140 123.875
2,676,273 S.819,665 6,140,740
6,050
42.954
66,291
233,624
99,391
2,355,199
Total Funds
En
owed Fun
The Hovis Pleasance Fund represented the 4 properties, 22, 24, 26 and 28 Buxton Road, Macclesfield.
All of these properties have been sold in previous years. The proceeds were used to
purchase and develop two more suitable properties to increase the number of tenant capacity and is
within the objects as advised by the Charities Commission. The balance remains in cash.
Restrlcted Funds
' Restricted Funds have been allocated in direct relation to grant requests, therefore covering costs incurred for
running our Oakwood and WorkTaste services.
'The WorkTaste Restricted Funds have been directly allocated against WorkTaste staff costs., this element is
covered in all grant submissions. This fund is to cover costs of salaries and travel expenses to allow tenants
to attend the service and receive 1-1 support.
'The various Oakvrfood Funds have been successful in achieving income from many sources during the year.
These monies have been used to fund various daily activities. replace equipment and support the activities
diwt staffing costs within Oakwood.
"The available funds in the Harold's Cabin fund and Wishlist fund will be used toward the replacement of the
current Oakwood cabin.
P8ge 28

The Rossendale Trust Llmited and The R05sendale Trust Incorporatlng the Hovis Pleasance
Notes to the flnanclal statements for the year endod 31 March 2024
17 Analysls of net assets between fund
The Rossendale Trust
End¢)wment Restricted Unrestrlcted
Funds
Funds
Fund8
Total
Funds
Tangible Fixed Assets - specie propety
Net Current Assels
384,626
351,642
736,268
258.728
643.354
258,728
994.996
Tho Rossendale Trust Llmlted
Endowment Re8trfcted Unrn8tricted
Funds
Fund8
Funds
Total
Fund8
Tangible Flxed Assets
Fixed Asset Investmenls
Net Current Assets
Long term Liakn'lities
1,065,553
215,000
95,530
(115,271)
1.260.812
1,065,553
215,000
194,921
11
271
1,360,203
99,391
18 Ponglons
The charity ¢Jperates a defined contribution pension plan for Its employees.
Pension contiibulions payable by th8 Trusl in the year amounts lo £113.135 (2023- £90.2091.
There was £11,284 outstanding for contributions at the year end {2Q23- £7,452).
19 Flnanclal commllrn•nts
The Trust entered into 8 5 year agreemenl to enter 5 competitor8 foi the London Marathon at an
annual cost of £1.8LX). There is one year remaining on the bond.
20 Related Party Tran8actlon8
Thera are no related party transactlons in Ihe year (2023 nil).
21 Legal •tatU8
Since 2012 the Rossendale Trust Limited Is a tharitable company limited by guarantee, Incorporated
in England and Wales arKI has no share capital.
However due lo specie land being held in the original charity. it was necossary for Ihe Trust lo
maintain the two separate charities. The Ro&8endale Trust Lld <1146771) is the tru81ee of The
Ro8send8le Tru$l (1148771-1) and the objectives and purpose of each charity are essenlially the
same.
22 Rgconclllatlon of net movemgnt In fund6 to net ca•h Ilow from operating actlvltle8
2024
2023
Net m¢￿ement in funds
Add back depreciation charge
(Gains)Aosses on assets
L8ss profil on sale of fixed assets
Deduct interest income Shown in investr'ng acti¥itres
Decrease (increase) in debtors
Increase (decrease) in creditors
{321,074)
72,967
(128,386)
70.873
(2.1W)
(270,872)
(104,176)
(1.580)
(lQ,135)
(240,485)
185,807
(212.807)
Net cash used in operatlng a¢tlvltles
(626.835)
(335,133J
Page 29