Charlty No. 1146771 and 1146771-1 Company No. 07921722 THE ROSSENDALE TRUST LIMITED and The Rossendale Trust Incorporatlng the Hovis Pleasance UNKED REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 THE ROSSENDALE TRUST LIMITED and The Rossendale Trust Incorporating the Hovls Pleasance Llnked Flnanclal Ststements for the year ended 31 Marth 2025. Contents Page Reference and Admlnlstratlon Chalrman's ￿pOrt Report of the Trustee5 3-10 Report of the Audltors 11.13 Statement of Flnanclal Actlvltfes 14 Balance Sheet 15 Statement of Cash Flows 16 Note5 formln8 part of the hnanclal statements 17-26 THE ROSSENDALE TRUST LIMITED and The Rossendale Trust Inco￿Orating the Hovls Pleasan Llnked Flnanclal Statements for the year ended 31 March 2025. Reference and Admlnlstratlon Informat5on Hon Presldent Moira Beswlck Trustees A Schofield- Chalr R Bevan M Goddard M Harwood S Homewood- Reslgned 2210412024 T O'Keefe- Resl8ned 0910512024 I Poynton A Richards J Rockett J Ward R Alnley- Appointed 2310912024 S Gaffney- Appolnted 0811112024 D Rudey- Appolnted 241011202S M Crewdson- Appolnted 1810212026 Key Management Personnel S Nlchols- Chlef Execuyve A Wrl8ht. Re8lstered Manager and Head of Supported Llvln¢ J Robert5-Smlth- Head of HA and Tralnln8 S Heaven- Heod of PR & Fundralslng and Secretary to Trnstees W Elwood- Senlor Flnonce Manager S Potts- Buslness Strategy Manager L Coale5. Quallty and Compllance Monagèr K Downln8- IT. Brand and Communlcatlons Manager J 8lythe- Day Servl¢es Mana8er Re8lslered Office Rossendale Hall Hollln Lane, Sutton, Macclesffteld. Cheshlre SKII OHR Chgrlty Number 1146771- The Aossendale Trust Llmlted & 1146771-1- The Rossendale Trnst Endowed Charlty Cornp4ny Number 07921722 Audltors Harts Llmlted Westmlnster House 10 We5tmln5ter Road Maccleslield Cheshlre. SKIO IBX Banker5 Barclays Bank UK PLC Lelcester, LE87 2BB SollcltOT5 SAS Danlels- Churchlll Chambers, Churchlll Way, Macclesfield, SKII 6AY THE ROSSENDALE TRUST LIMITED and The R05sendale Trust IncorporatFn6 the Hovi5 Pleasance Llnked Flnanclal Statement5 for the year ended 31 Marth 2025. Chalrman's Report As Chair of the Board, I continue to pioudly play a leading role in a local charity that pcovides a 8ieat service for our tenant5, unmatched services to our external users and provides an inclusfve and sUPPOrti¥e place to work for our hard working 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 Tiust In a 8lowing118ht whilst out in the community. We belleve that the breadth and accessibility of ihe service5 we prowide not On￿ meets the needs of our tenant5, but of day service users. We prlde ourselves on our tenant forum and the ability to make all our services tenarti and service usei led. We malntalned our ratlng of "GOOD. throLtEhout the 2024-2025 financial year with our re8ulatOf. the Care Quality Commission and we await our next a5se55ment as we continue to strive fof Excellence. We continue to provtde high qualitycare for pver Seventy people in the Mac¢lesfleld and Buxton areas and are currently undertaklnB several 5trate8ic inltiatives for the f￿Ure In developing our medium- tefm plans. A5 Is the nature of our buslnES5, h05pltal vlslt5 and the sad passlng of tenants does happen, but I'm proud of how our staff care for our end-of . Ilfe tenants and how our management policies, In turn. care for these staff and their emotional toil. A 8reat example of the Trusvs development15 our continued Irwestment In techrtolO￿, Al and staff tralnln8. Our dl8ltal PASS 5yslem continues to transform the way our staff work with our tenants. makln8 administratlon easier and providin6 3 much safer way of working, especially with medlcatlon. Our portfollo ot propedes In Macclesfiew. achleved over prevlous years, has enab￿d the Trust to retaln a level of sustalnablllty. In a ￿me of financlal challenges for the sector. Our fundralslng events durlng the ￿31 2024-2025 encompa55ed several Suc￿$sfUl ventures Includlng thè London Marathon, Ladles Lunch, the Annual Tea Party, and the Annual Fashlon Show. These events brought In a very rewardln8 amount of money, essentlal In malntalnlng the qualStv and range of our servl¢es In an environment thatcontlnues to be thnancSally challen8ln8. We are also always con5cIous of the wonderful donaYon5 and le8acles that we recelve In 8ddltlon to re8ular fund ralslns. From a flnanclal perspectSve, the envlronment has, yel ayln, btèn challen8in& however. we find oursefves In a better flnanclal positlon from last yeai and, as alway5. have recelved great and welcome supportfrom our Invaluable benefaciors-Tru5t5. Companle5. Partnershlp5 and Indlvldual5. I would Ilke to take thls opportunlty to thank my fellow Trustee Board members for thelr commltment and support over the last twelve month, and on behalf of the Board we would Ilke to slncerely thank our staff who care so passlonately for our tenants. We must a150 thank everyone In the communlty who contlnues to support the Trust In so many ways. Adum Schofield. ChalrolTru5tee THE ROSSENDALE TRUST LIMITED and The Rossendale Trust IncoTporatlng the Hovls Pleasan Llnked Flnanclal Statements lor the year ended 31 March 2025. Report of the Trustees The Trustees are pleased to present their annual directors, report together with summary financlal statements of the charity for the year ending 31 March 2025 whlch are a150 prepared to meet the requirements for a directorfs Teport and acco¢Jnts for Companies, Act purpose5. The financial statement5 comply with the Charities Art 2011, the Cornpariies Act 2(K)6. 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 Reportlng Standard for applicable in the UK and Republlc of Ireland IFRS 1021. Hlstory Governance and Oblertlves ol theTrust RossendaleTrustwas created under a Trust Deed date 2ndJuly 1975. It was orl￿nalfyf0unded In 1973 and Is a lastin8tesYmonyto thè generosltv of the Chapman and Hyde famllles who purchased Rossendale Hall as thelr home and then klndly donated the Hall to the Trust. The first guests arrlved In the purpo3e-bullt short stay unlt In 1976. Slnce then, Rossendale Trust ho5 uown to provlde resldential care now superseded by Supported Llvlng and day care servlce5 In Sutton. Macclesfield. and Buxton. In 2008 the adminlstration of Rossendale Trust and Hovls Plea5an¢e was amaliamated to operate as one scheme. In conjunctlon wlth the route taken by many other charltles. In 2012, the Trust dEclded to move to corporate status and bEcame a companv Ilwnlted by guarantee ICLGI. However, due to spetle larMI belng held In the old charlty, it was necessary for the Trust to malntaln the two separate charlttes. The Rossendale Trust Itd111467711 Is the corporate trustee of Ros5endale Trust11146771-11 and the objectives and purpose of each chaflty Is essentially the same. The Trust has an annual Income and expendlture In the re8lon of £6.4 million Itop 2% of UK charl￿e$l and over hundred staff provldlng care and support to tenants Ilvln8 In shared apartments and houses. We also provlde a day a£￿vIty servlce Ioakwoodl to one hundred adult5, both tenant5 ofihe Trvst and people from the wlder communlty. offering a wlde ran8è of activities Includlng Art5 & Crafts, Medla, Hortfjculture, Muslc, Swlmmln8 and Walklng. Th15 servlce runs alon8slde our Incluslve employment pro8ramme, WorkTaste, whlch supports many local Indlvldulls who have a learnlng dlsablllty or are on the AutSstSc spedrum. to laln valuable work based experlence towards employment. The'ba$2llne' care needs of our tenants are funded byour commlssloners, IpredomlnantlyChe5hlre East Councll and Derbyshlre County Counclll, out of whlch we must pay our staff and other dlrect expense& In Ilne wlth m05t Independent provlder5. the Trust works In a dlfficult Inanclal envlronment. Government constralnts are p￿n8 unhelpful. most of our IrKome streams come from Local authorlty commls51oned servlces. The Trust has rece5ved Inadequate support from our maln commlssloned ser¥lces provlder In recent years. whlch has put addltlonal pressure on our flnances and a150 Ihe ablllty to attract and retaln staff and compete agalnst the Increaslng Natlonal Llvlng Wage. Thls Is reflected In the very tOiJ8h Inanclal yearexperlenced In 2023-2024. Fortunatelyi we Improved our posltlon In 2024-2025 wlth a surplus of £258k. In addltSon, we have bullt up stron8 reserves over recent years whlch has gfven us a reax)nable level of protectlon. Furthersupport tothe buslness has been shown bythe loyaltygenerated byourtslented and dedlcatedworkforce. Thelrl¢)yalty and ¢ommltment has not dlmlnlshed and has enabled theTrust to stlll malntain the provlslon of a first-chiss service. Imptsrtantly, we must also a¢knowled8e the wonderful support we recelve from grant maklng Trusts, companles, partnershlps and Indlviduals, much of whlch Is on an ongolng annual bas15 and Indudes a great contrlbudon from local supporters. They make a massive differen¢È to our tenant athvlttes and the Important prolects whlch enhance thelr dally Ilves. The addltional rental Income streams from our owned properdes also asslst our financlal posltlon. Mlsslon and Values of R055endale Trust The Trust ha5 Misslon Statements and Core Value5 for the thwe prlmary buslness areas: Our Supported Llvin8 Mlsslon- Ernpowerln8 people with dlsabllities to live with choice and ownership Our Oakwood Day Servlce Mission- Providing soclal and en8aging opportunities for people wlth d15abllities Our WorkT35te Mlsslon- Enablln& people with dfisabl1l￿es to galn access to the world of work. The ab￿e ststements are 5UPPOrted by our Core V•lues: Warm- The Trust Is a homely envlronment where everyone feels welcome and well supported. Incluslve- The Trust provides an Incluslve environment where people of all backgrounds can come together and feel valued. Respectlul- We re5pe¢t and appreclate others for thelr Indlvldual bellefs. pass￿￿5. goa15 and cholces whilst embracing pèrson-cent￿d care. THE ROSSENDALE TRUST LIMITED and The Rossendale Trust Incorporatlng the Hovis Pleasan Llnked Flnanclal Ststements for the year ended 31 Marth 2025. Report of the Trustees In addltion, we are respon$lble for settln8 the hlghest standards of Ca￿ urmjer the guldance and framework set down by the Care Quallty Commlsslon under the following attrlbutes: 5AFE- by safe, we mean that people are protected from abuse and avoidable harm. CARING- by carln& we mean that the staff treat people with compasslon, klndne5s. dlgnlty and respect. RESPON51VE- by responslve. we mean that the services we provide are designated to meet people's needs. EFFEcfivE-by effettlve, we rnean that people'5 care. treatment and support achieve 8ood outcomes. promotes a good quallty of life and based on best avallable evSdence. WELL LED- by well led. we mean that the leadershlp. managemenL and 8oveTnance of the organlsatlon assures the delivery of hlgh-qualltv. persoTrcentred care, supports learnlng and Innovation and promotes an open and falr ¢ulture. Emecutlve Summary 202ty2025 DIfficu￿ economlc and local market condlttons contlnued In the flnancial year2024-2025. However. the Trust did show an Improved p051tion with surplus of £258K whlch has been added to our fesèrves. The m05t Important achlevement was that we were able to molntaln dellvery of hl8h quallty care to 411 our tenants and day-servlce users. Flnanclal year 2025-2026 is contlnuin8 to be a challenge byt we are opefatlng wlth a small loss of clrca £27k lunaudltedl In the fiist nlne months to December 2025. Strong Care Quallty Commlsslon Reportlnt dell¥ered throughout 2024-2025. A successful achlevement throu8hout th15 year was the regular Tevlews and updates undenaken by our regulator on the performance of the Tfusl. As In the prevlous reportin¥ period. the Charlty continued to score'GOOD" In all five cate8orles on a cons15tent bèsls. The charlty was also awarded the prestlglou5 Prlncess Royal Trust UK Tralnlng Award In 2024 and Runners Up In the Soclal Moblllty CateBOry at the Hlgh Sheilff of Che5hlre's Thrlve and 5trlve Awards 2025. Bulldlng on thls sut¢e5s, we are dellBhted to have gone one step further at the 2026 Hlgh Sherlff Awards. where we won the Comrnunbty Impact cate80ry. These a¢hlevements hl8hll8hted the quallty of tralnlng belng dellvered by the mana8ement team and 51aff. The Trust Introduced a number of new Inltlatlves durlnÉ 2024-2025 h11hl￿hted below: The PASS prolect was Implemented to Improve the quallty, efficlen¢y and safety of care delfvery by uslng an onllne dlgltal care management platforrn for support staff and mana8ers. Thls wlll eliminate tlme-consumln6 paperwork and reduce the risk of mèdltlnès mlsmanagèment. It will also allow Ilve data observatlonlhlstorlc data trends and analysls and the backin8 up of all 5UPPOrt data and safeguardlng data seturlty. The SharePolnt str¢Jcture ha5 been redes18ned to Incorpornte securlty enhancements and make clearer, more efficlent spaces for managers and admlnSstratlon staff to work wlthln. The Trust Implernented a cyber securlty platforrn for learnln8 and secuilty of Its corè IT Ltstrs. incorporotfjn8 yearly and weekly learnln8, Ilve ph15hlng slmulatlons, Ilve dark web scannln8 and benthmarkln8 the Trust wlth other or8anlsatSons. The Trust Identlfied the need for Upgfade and began phase two of the telephory and comrnunlcatlons update ofthe Head Office slte uslng Tèams telephony. Updated the Trust's challenge of Its rural locatfon In termsof Intemet connectivlty by Instsllln8 a leased Ilne ensurlngthe Trust can use up to date connecttons wlth all Its dlgltal platforms. A rebrandlng of the Rossendale Trust was undertaken and was IdentlAed as a key Inltlafve In developln8 the Trust's pvbllc presence. Thls wlll enhance our ablllty to attrart staff, funders, and stakeholders to support the on80in8 dayto day and future operatlons of the Trvst. Also helpln8 to malntaln and extend our top 2% ot UK charltles, status. The Trust have organlsed a Termnts Forum every quarter and Introduced a Tenants Gulde to keep them up to date wlth the latest developments at the Trust. The tenants also play a major role In the Annual Fashlon Show. Tenantand Stèff Xmès Parties and interviewing pr05pertive new staff memb*rs. Further development of WorkTaste- our 5UPPOrted employment projecL a Trust InltiaU¥e enabllng more IndNiduals to experiencè a real work setting within the local community. Thls has been an outstanding sucoss and excellently supported by a range of local employers. THE ROSSENDALE TRUST LIMITED and The Ros5endale Trust Incorporating the Hovis Heasan Llnked Financlal Statements for the year ended 31 Marth 1025. Addltlonal purchases of properdes In Macdesfteld In recent years have a5Si5ted In the expansion of ourservice to ten new users who have learnlng dlsabllitie5 wlthln the local area. This has brou8ht In additional critical Ir￿Me. Report of the Trustee5 A strong mandatory tralning programme. ffinanclal educational suppor¢ and staff benefft5 packaÈe- all of whlch asslst In recruiting and retsinlng good quallty èmployees. employee leve15 are holdln8 up well, despite the drfficulties wlthin the care sector with low levels of Sickness 8nd turnover by Industry standards. Membershlp of Voluntary Or8anlsation Dlsjblllty Group. National Councll of VoluntsryOrgani5ations and Learnln8 Disablllty England, all of whom prompte the independence of people with learnin8 disabllities. Long term capltal assets support the Trust's balance sheet and sustalnability for the future. We contlnue to develop a clear strategy regardlng the Supported Llvln8 Model and benefiting the local communlty. Rossendile Trus¢- Flnanclal perforrnance 2024-2025 As Indlcoted above therè were very dlfficult economic condStions for all charltles across the UK and especlally those opera￿n8 In the adult sodal care sector. The financial year to 31 March 2025 was very tOU8h wlth the TTU5t S￿11 receivini Inadequate support from our rnaln commlssigned servlce provider, Cheshlre East. However, w• were able to gènerate a srnall surplus of £153.445. In addition, there was B £IOS,000 8aln from the revalLFOtlon of an Investment property, takln8 the totsl surplus for the year to £258,44512024-1oss of £321.0741. Importantly, the Trust dld conynue to Improve salarle5 and benefits packages of our stsff, also ensurtn8 that all stsff recelve an hourly rate above the Nadonal Llvln8 Wage. Addlttonal Income from fundralslng and Investments, le8ades and other actlvlttes was £221,192 and rental Income £327,06812024- £248.361 and £266.022 respecd¥elyl. Generou5 contrIbu￿onS were recelved throughout the Ananclal year endlng 31st March 2025 from a wlde range of supporters. As men￿Oned In the Chalrmans Report, fundralsln8 Included supportfrom the Annval Fa5hlon Show, Ladles Lunch, London Marathon. Famlly Golf Day. Annual Tea Party and London Landmarks Half Marathon. Future fundralslng actlvlty wlll contlnue to be a crltlcal cornerstone In the future success of the Charbty. Externbl 5UPPOrt ffom 8rant maklni trusis, corwrate bodle5 and Indlvlduals Is p•r8mount In fin)nclng projects to Improve the wellbelng of Indlvlduals wlthln the Trust and for us to Improve our faclllwes arml bulld for the future. In Ilne wlth rlsk management guldellne5, ¢orporate 80vefnonce. and flnanclal stsblllty, It Is always the Trust's twln alm to W after the staff and contlnue to bulld a solld platforrn of reserves and Ilquldlty. Recelpt of Care Fees and Care Resource Expendlture The cost of care exceeded the Income recelved by £121.504 compared to the pr￿ou$ year where there was a deficlt of £570.777. There was an Increase In fee Income to £5,865.22912024- £5.300,4331 thls was offset by the increase In care dell¥ery ¢osts amountin8 to £5.921.82412024- £S,977,9221, Includlng salary incre35e5 to retaln our valuable workforce. The bulk of costs related to 5tafflng whlch were £5,577.02512024- £5.452.2171. Totsl care expendItU￿ Included other dlrect and support costs of £639.52212024- £614,821) and governa￿¢ costs of £17,38412024- £33,134). Future FlnanclAI Stablllty The financlal year 2024-2025 has shown a better level of financlal 5tablllty and Perforn)an￿. Also, stablllty In staffing leve15 In 3 challenglng erNlronment. The hlstorlcal shortage of ftnanclal 5UPPOrt from the comm15sioned servlces and consequent impact of Inadequate funding S￿11 remaln5 a considerable challenge. Dèsplte thesè sètbacks. thÈ Trust continues to perfomi well and deliver a first cla55 servlce. and we believè that the current 51tuatfon wll not Impact on the Trust's short-lerm sustainabillty and our'going ¢oncem" status. In response to the medlum-term Impllcations, we have bullt a strong balance sheet t)ver the past SIK years and cuirently 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 valuations. We do have a strong relationshlp with our principal debtOT5 who are our commlssloner5 Wlth much of our fundlng guaranteed. But we are rellant on thelr contSnved posltlve 5UPPOrt In line wlth the hourly rate. IN4nÉ wage and competltors. Net assets at the financlal year end 5topd at £2,613.644, up from £2.355.199 In the prevlou5 year. THE ROSSENDALE TRUST LIMITED and The Rossendale Trust Incorporatlng the Hovls Pleasan Llnked Flnanclal statements for the year ended 31 Marth 2025. Report of the Trurtees FvndralslnE Our fundralslng team abldes by the Fundraislng Regulator Code of Pracllce and thelr fundraIsI￿ promise. We strlve to always act ethlcally and respon51bly u51n8 best pr?cbcewhen we communlcate with oursupporter5. and we Strict￿ adhere to General Data Protection Re8ulations IGDPRI In relallon to dats usage. From • financlal perspective. fundraIsl￿ Is a vltal part of our 5VStolnabilty. Trusts and Found?lions Income5 durin8 the yeor were excellent, wlth a maiglnal Increase In recelpts compared to the prevlous year. Events and Communlty fundraising fmm the Rossendale Fete, the Annual Fashlon Show Iwhere both tenants and staff participated on the catwalk) and our Ladies LurKh all Increased In popularity and revenue. Our regular challenge events such as the London Marathon and the London Landmarks Half Marathon were vèry well supported. Several local companles are supportln8 Tiust as thelr'charlty of the Yeae. and In the past ihree year5 we have ra15ed over £650k to support a wlde range of actlvltles and Inltlatlves. To keep ourfamllles and supporters up todate, we publlsh our In-house magazlne- RossenTales.- whlch 1$ d15tTlbuted every two rnonth5. The WorkTa5te scherne Is predomlnantly funded by external support. However, vrt also re¢ebve 8ood support from the 8ovemment Inltlatlves drlven bythe Deparimènt of Work and Penslons. Slmllarly* the Oakwood Day Servlce would be nothlng Ilke thevlbranL Inventlve, bnd developlng Se￿)ce we offertodaywlthout major Inputffom funds Talsed. Weextend a massfve Thank you toalloursupporters" overthe past twelve months for thelr 8eneroslty, wlthout whl¢h It would be dlfficuli io survlve. The IMpO￿nCe of our staff and Inve5tlni In our peopl• Staff recrLtltment and retent(on are at the core of operadonal plannln8. EmployeT5 In the care sector Irwarlably must address thls Issue lfi the context of low pay. Part of the Trust's solutlon to thls perennlal problem has been to focus our efforts on offerlng our staff a package of benefits whlch Is affordable for a charlty In th15 hard-pressed sector. In our most recent staff survey. 93% of respondenl5 thought that the Trust was a 800d employer. We have adopted a "value5 based" recrultment framework, focvsin8 on the Soclal Care Cornmitment. Workplace values are a tollectlve understandln8 and the way of working. It hÈLos bulld a strong culture, support people to develop thelr career and dellver hlgh quallty seThlce5. Staff beglnnlng lor re5umlngl thelr Career In care provlslon may not aFw8ys hjve stron8 •¢adtml¢ quallft¢atlons or vo¢ational experlence. The TrL151 reco8nlse5 th15 and provldes greater focus on developlng skllls and career paths In an erwln)nment where CBre Quallficatlon5 are more Important than MBAS. We C*ffer a profe5$1onal workplace, career pathways and a chance io stretch ablllttes and confidence. Thi5 pro8ramme Includes a comprehenslve, mandatory tralnlng framework and care Industry quallflcations Ilt's rnt all 4bDut the moneyll- 89% 01 Trust staff felt that the tralnlng provlded wa5 a major factor In Improvln8 thtlr skllls In thelrlob role. We have a Rewards and Reco8nltlon framework whlch Is con￿nU0￿S1¥ revlewed and Ilnks dosely wlth our values. Health Insurance, Death In Servlce cover, Focus Groups,1ong seNlceawards, celebratlon evenln8S. Staff and tenants. forums. staff Sugges￿On scheme5, newsletters, refrèsher tralnlng, addltlonal holldays, and regular pay reviews all form part of these considerations. These are deslgned to rècognlse strong contrlbutlons by teams and IndSvlduals and to relrtforce organlsatiortal values, behaviours, and operat6ng prlnciples. A maln drlver In the rnlsslon and core values Is the strong relatiO￿hIp between the stsff member and tenant plus the Importance of provldlng varlety. teamwork achlevement and enloyment for both partSe5. Corporate Soclal Respon51blllty The Trust Is dedlcated to supportlng CSR and conslders Its re5ponslbllity to It5 employees. community. ar￿ the environment as a vltal factor In beSn8 an excellent organlsatlon. Th15 could not be more evident with our last three annual appllcations havlng placed the Trust In the Time5 100 'Best Not for Proflt Organ15ations to Work foe, We contlnue to promote a yeener soclety and our swcess at the East Cheshlre Chamber Awards endorse our stance on these important issues. THE ROSSENDALE TRUST LIMITED and The Ro55endale Trust Incorporatlng the Hovls Pleasance Llnked Flnanclal Statements for the year ended 31 March 2025. Report oftheTru5tees We en838e wlth the local ￿mMunIty In many more ways too. from 041r Induslve and colourful fete to local markets selllng products made at the Trust. We are a vltal part Dt the local communlty. Throughout the year we work alongslde bvslnes5es. blg and small. In our'make a Diffèrence, days whlch work In two distinct ways. Buslne55 staff learns come to the TrLtst to undertake tssks that Improve the Ilfe of the people we care for, and we learn about thelr work and forge 8reaier communlty Ilnks. It Is a good partnership. We hold reuular lolnt workln8 Inltlatfves with Che5hlre Eas¢ Provlder Forums and the Communlty Voluntary Selvlce as well as neh¥ork rneetln85 wlth the byslness communlty, Includln8 East and North Che5hlre Chambers. We a150 meet regularty with houslng provlders to flnd 501uYons to the 8rowlng need5 uf vulnerable people In the community. The Importance of O•kwood Oakwood Is the Trust's daytfjme èthvlty servlce, provldln8 a broad range of opportunlt6es to Trust tenant5 and Indlviduals Ilvlng In the wlder communlty to access durlng the week. Oakwood focuses on tackllng soclal 1501ation by promotln8 chol¢è, throu8h a structured timetable of twenty dlfferent aclivltlts. Oakwood's current artlvlty portfollo conslsts of Horticulture, Medla and Println& Arts and Craft5. Cookery. Healthy Cookery, 8akln& Muslc. Drama, Farm. No￿ortal Trust. Rudyard and Forestry Group, Social Group. DayTrlps, Walkin& Keep FIL Pllate5. Vldeo Gamln8, Woodwork, Tabletop Games and Mult6-sport5. Oakwood Is conttrhulng to expand, wlth new referrals ¢omlng throu8h regularly and current users feque5tin8 to Increase thelr number of 5es51ons. We currently work wlth over one hundied Indlvlduals across 420 half-day sesslons a week. The Importance of WorkTast• The WorkTaste ln1fja￿ve encourages local bu51nesses and communlty projects to host short workplace OPPDrtunlUes for our tenants. These are supported l..1 by tralned Rossendale 5tsff, who record progress. encourallni Indlvldua15 In ¢onsolldatln& and dèvelopln8 th*lr sk1115, whllst creatln£ a portfollo whlch can be shared wlth prospectf¥e hosts at Intervlew. Over recent years we have been promotlng our PA and fesplte servlce whereby we encourage our cllents to engage In both 50clal and work exptrlences. We currently have seven cllents. two of whlch are funded pdvately and the rest through Local Authorlty dife¢t payments, We are a150 heavlly Involved In the Accessto Work (funded by Department of Work & Penslonsl Supported Internshlp pro8ramme and have been slnce 2019 where we have estab115hed Ilnks wlth three local educatlon PTry4lders to supply our hl8hly skllled coaches, Involvement wlth thls pro8famme Is key for WorkTa5te's progresslon 8oln&forward. WorkTaste has proved to be a very reward1￿ experlence for both buslness empl¢)yees and for our tenants. Workln8 wlth other Llke.Mlnded Or8onlsatlons The Trust has lolned sèveral organi53tion groups whose objectlves are to provlde the best P05$1ble support to people wilh B learnlng di5oblllty. The Na￿Onal Councll for Voluntary Or8anF5atlons 15 the umbrello body for the voluntary and communlty sector In Enzland. The Voluntary Or8anlsatlon Dlsablllty Group Influence and develops so¢lal care pollcy and promotes best practlce and the 5oclal Care Institute for Excellenie oblertlve Is to ensure that 50clal servlces central role focuses on people who use thelr service& Volunteers The Trustees would Ilke to express slncere thanks to all our volunteer5 over the financlal year 2024 . 2025 for 8lvlng thelr time, experlen¢e, and support. Wlthout thelr masslve contrtbuUon, we would find It much more dlfficum to run the charlty 5ucce55fully. Th15 5UPPOrt has been recelved confjnuolly throughout the flnanclal year by both Individuals and a growln8 nurnber of kxal cornpanles on'make a difference" days. Reserves Pollcy and Golnl Concern The Trustees, medlum-term alm Is to malntaln sufficient funds to provide worklng capitsl to co¥er condngencie5 and exception31 costs such as potentlal redundancles. Reserves ale held withln LFnrestricted funds and set at a level equivalent to four weeks of expenditure, balanclng the need for flnanclal 5e¢urlty with the effective ust of resources. The Trustees monitor reserves throughout the year and formally review both the pollcy and reserve levels annually. considering any significant changes in income or expenditure. At the balance Sheet date. free reserve5, belng unrestflcted reserves whlch are not tled up In tanglble fixed assets. We￿ £217.15812024- £88.9951. THE ROSSENDALE TRUST LIMITED and The Rossendale Trust In￿rpOratIn8 the Hovls Pleasan Llnked Flnanelal statements for the year ended 31 Marth 2025. Report of the Trustees The Trust works hard to achI￿e this target. In recentyears, the latk of finanoal support from our maln ¢omm15sioned Services provlder has mado this target very difficult. Glven that our buslness model 15 predominantly supported by government-backed entt￿e$, we do have a lesser rellance on external fundlng sources. However, we are constantly prèssurising our local authority relatlonship5 to provide better financlal supporL The Trustee Board and Senlor Management Team are continualty k)0k1￿ at ways of Improvint long-term sustalnablllty, whllst protedlng the posIHon of restilcted and endowment funds of both charlties. They have revFewed the Financial Statements for the year ended 315t March 2025 and conslder that adequate reserves contlnue to be available to fund the activitles of the Trust. The Trustee5 are of the vSew that the Trust Is a goln8 concern. Corporate Governance The Trust follows the Charlty Corporate Governance Code whlch 15 deslgned as a tool to support continuous Improvement. There are seven principles whlch rnake up the code buildSn8on the assLtmptlon that ihe charity 15 meeting its tegal and regulatory responsibilities as a foundatlon. Or8anlsatlonal purpose- the Board Is clear about the charity's alm5 and ensures that these are beln8 dellvered effectlvely and su5talnably. Leader5hlp- the charlty15 led by an effertl* Board that provldes strategk leadershlp in line wtth the charlty's alms and values, Inte£rlty- the Board 3¢15 wlth Integrlty, adoptlng values and creatin8 3 culture whlch help achleve the 018an15atlons charitable purposes. The Board is aware of ihe lrnportance of the public'5 confidence and trust in the charity and the trustees undertake their dutie5 accordingly. De¢ls5on-maklng and control . the Board makes sure that It5 declslon-maklng processes are Informed, rlgorous and tlmely and that effectlve dele8atlon, control and flsk-a$5e55ment and rnana8ements sysiems are set up and rnonltored. Board of Effertlvenes5- the Boafd works 95 an effealve team, uslng the approprfate balance of skllls. experlence, backBround and knowledge to make Informed declslons. Dlverslty. the Board's approach to dlverslty supports bts effectlveness and leadershlp. Openness and accountablllty. the Board leads the organlsailon In beln8 transparent and accountable. The Trustee Board rneets at least bl-monthty and attends an offslte Strate￿ meetlng to dlscuss the annual corporate plan and the flnanclal and buslness framework for the forthcomlng medlum.term ￿aftnIng Per￿d. The management meet monthty with the Chalr and Vice Chalr of Trustee5 to update on Important development5 and operatSonal actlvltle5 bdn8 undertaken by the Trust. The Board deleBate5 operatlonal re5ponslblllty to the Chlef Executlve and manaBement team. &JlKommlttees meet monthly or more frequently to cover the major rlsk areas of the buslness. Operations and Care Mana¥ement, Strategy and Fundralsln& Flnance and Audlt and HR People and Performance. A monthly Senlor Management me￿Ing Is held io d15cuss and devebp all operatlonal asperts of the bu5ine5s and update Trustee Board meetln8s, as well a5 cascadln8 current progress to all staflwr(hln ihe busTrne55. Management meetlngs are also held monthly withln the care buslnesses between Operational Mana8er5 and Group Leaders. These are all supported by Rlsk Re815ter and D15aster Recovery Plan. Staff survey5 Indlcated 88% a8feed that meetlngs were beneficlal and an open forum for dlscusslon. In terms of buslness plannln& the Tiust encourages both mana8ement and staff to work across our nlne 51tes to galn experlence and understand the buslness better. We also mentor our promisln8 Staff for future career proBressh)n. Tumoverls below the industry averaBe and sickness below the NHS average. The Remuneratlon Commlttee led by the Chalr meets annually to consTrder any Pro￿sed annual pay rise for management and staff. They also revlew any bonus scheme In plate and approprlale payThent foremployees with the business. The Committee Is assisted in it5 decision making by revlewlnB external salary benchmarklng studles. and local competlng rnark￿ condition5 where available. The Trust has a wider number of policles and procedures in place which are reviewed monthly by the People and Performance Committee. Key Trust pollcles Include SOVA whlstleblowln& medication, personal care, digniiy at worl staff code of conduct. movlng and handlln& health and safety, flre safety, tenant finance, dress code. social media. equality and diversity and also capaclty, consent and J best interest policy. THE ROSSENDALE TRUST LIMITED and Thè Rossendale Trust incorporatSn8 the Ho¥is Pleasante Llnked Flnanclal Statements for the year ended 31 March 2025. Report of the Trustees Appolntment of Trustees TTU5tee$ have been appolnted under the orlginal Trust Deèd and a Memorandum of Choice coverlng the appolntment of new Trustees stsrting In November 1988 through to the most recent appointment5 in financial year 2024-2025 In accordance wlth the Trust's Artlcle5. Indurtlon and tralnln8 of Truttee Board Members The selection process for new Trustee Board members con51der5 the need for a charfty to recfult technlcal expertise and approprlate relevant experience of candldates. New Board rnembe15 are provided with an information packwith lilerature on the duties and respon5iblllties of charity trustees and important aspects of thè charlty sector. Yhey are encoura8ed to spend time InfNmally ot Rossendale Hall and other buslnes5 unlts to galn knowledge of the Trnst and especlally of its beneficlarles. Detalls of sultable tralnlng courses afe clrculated to Trustee Board Members wlth a vlew to keepln8 them updated wlth leBl4atlon. regulation, other comp113nce requlrernents, developments and good Pract1￿ generally In the sector. Toplc5 Indude Mentsl Capaclty A¢t, Health and Safety. Equallty ond Olverslty. SOVA and Dlgnlty and Respect. The annual torporate plannlng Mee￿nE Is attended by Board members and senlorstsff wlth the alm of addresslnl both short- and medlum-term strategy for the Trust re¥ardln8 buslness sustsinablllty. Conslderatlon15 8lven to the external market envlronments and future conslderHtlon5. recent buslne55 performance, current reserves. balan¢e Sheet stiucturel growth opportunitles, tinanclal operatlon5 and proltctlons, Éovemance frameworL rlsk reglster, balanced scoretard and pollcy update. It may also Include educatlng newer Board members with these and other a5pe¢ts of the Trust's operatlon. Durlng the financlal year 2024-2025 the trustees held slx meetings at whlch the charlty's progress wa5 monltored regardlng the admlnlstTaYon, financlal and publlc relallons matter5. To ald declslon makln& regular meetiny are held between Trustees and the management team, Includlng workshops. R15k Management The Tntstees Identify key areas of risk and seek to mlti8ate these through establlshed reportlng and monltorlng syStern5. The Board and sub commltteès re8ularly revlew the company'5 rlsk Te81ster and receivt reports from management on key areas of rlsk to the Trust. The buslne5S also has an Internal audlt team who revlews all key operat6onal and financlal processes In each buslMs5 unlt across the Trust. The followlng Statements outllne In surnmary thè charlty'5 polkles In mana8lng Identlfied forms of financlal rlsk. Credlt rlsk The counterparty rlsk on amounts owed to the tharfty by Its Customers Is Iw as most debtors are Local Authorlttes. Llquldlty rlsk The Trust addresses Ilquldlty rlsk In conlunctbon wlth the reseryes poll¢y by ensurln8 that the buslness always has Jpproprlate ac¢e5S to short term cash to enable efficlent runnlng of the buslnes5. Non-llnanclal rlsk All non-fftnanclal rlsks are documented on the charltrfs Bu51nes5 Alsk Re8lSter and are asslgned to gn executlve lead Indlvldual to manaBe and report on the rlsk and the a550clated rlsk mldgation strategle5. Board sub-commlttee5 revlew these Tlsks at least quarterly and amended In Ilne wlth changing bu51ness and economlc factors affectln8 the Trust and the sedor. Publlc Benefft In 5ettlng our oblectbve5 and plannlng activlties, our trustees have glven serlous conslderation to the Charity Commlsslon's general guldance on publlc beneflt. Includln8 the 8uldance 'public benefit runnlng a charity" IPB21 and the supporting of indlvlduals In supported Ilvln8 arrangements and the provislon of day care facilitles. Investment Powers and Pollry Over recent year5, the Trust has been operatln8 Withln a tough finandal environment and short-terni Ilqyldlty has beerb utillsed to monage dally care and operational cornmltments. A portion of cash and bank balance5 are Subject to endowment rules or restrlcted In thelr use and set aslde for specific purposes15 Identlled a5 such In these accounts. THE ROSSENDALE TRUST LIMITED and The Rossendale Trust Incorporatlng the Hovi5 PlÈa5ance Llnked Flnanclal Statements for the year ended 31 Marth 2025. Report of the Trustees The Board ha5 InvestiEaled the benefits of other Investment categodes and wlll continue to look at alternative5 whlch add value. Currentty nrestricted funds are held in short term bank accounts. whirh enable5 the running of the business in an efficlent manner. Restfkted funds of £187,40412024- £99.3911 are o￿V held on an interim basis untll they can provide 5UPPOrt for the PU￿1$e intended. Trustee's respon51bllltie5 In reladon to th* Flnanclal Ststements The charlty trustee5 (who are a150 the dlrectors for the purposes of company lawl arè responsible preparing a tru5tee'5 annual report and flnanclal statements In accordan￿ with 3ppllcable law and Unlttd Kin8dom Accounting Standards (United Kingdom Generally Accepted Accountin8 Praciicel. The law applicable to charitles In England and Wales requlre5 the trustees to prepare financial statements for èa¢h finan¢lal year which 8ive true and falr vlew of the charltV'5 activlties during thè yèar and of Its financlal position at the el￿ of the year. In preparlne finandal statements Ivlng a true and falr vlew, the trustees should follow besl practice and: select subtable accountln8 pollcles and apply them con51stently. observe the method5 and prlnclples In the Charitie5 SORP. make ludgemtnts and estimate5 that are responslble and prudènt. state whether applScable account(ng Standard5 and statements of recommended practSce have been followed. subject to any departures dlsclosed and explained in the Ilnanclal slatement5: and prepare the financlal ststements on the 8olni concem ba515 unless It bs Inapproprlate to presume t￿t the charfty wlll condnue In operatlon. The Trustees are responslble for keeplng accountlng records whl¢h dlxlose wlth reason•ble •ccura¢y the financlal p051don of the charlty. and whlch enable thern to ascertaln the Ilnandal posltlon of the charlty. and whlch enable them to ensure that the fin4n¢lal statements Comply wlth the Companles Atl 2006. They are also responslble lor sa*eguardln8 the assets of the charlty and hence for taklng reasonable step5 for the preventlon and delectton of fraud and othei Irre8ularlttes. The Trustees are responslble for the malntenance and Integrlty of corporate and fbnancbal Infofmauon Included on the charltable company's web51te. Leg151adon In the Unlted Klngdom govern1￿ the preparatlon and dlssemlnatlon of flnanclal statements may dlffer from leg151a￿On In other lurlsdlction5. Staternent a5 to dlsdosure to our audltors As far as the trustees are ton¢erned, at the tlme of appiovlng our trustee's annual report: There Is no relevant Informatlon, belng Informayon needed by the audltor regardlrq preparlng thelr repor¢ of whlch the company's audltor15 unaware, and The trustees, havlng made enoulrles of fellow dlrectors and the ¢ompany's audltof that they ought to have Indlvldually taken, ea¢h have tsken all steps that they are obll8ated to take as dlrectors to make themselve5 aware of any relevant audlt Information and to estsbllsh th3t the audltor Is aware of that Informa￿On. Approved by the Boar(J of Trustees on 28 Aprll 2026 and slined on thelr behaN by: N..a..-. (Trysteej 4 n¢Lr6w I,c& .Is 10 THE ROSSENDALE TRUST LIMITED and The Rossendale Trust Incorporating the Hov15 Heasan Llnked Flnanclal Statements for the year ended 31 March 2015. Report of the Independent Audltors to the Members of The Rosstndale Trust Limited andThe Ros5endale Trust Incorporating Hovls Plea5an¢e Oplnlon We have audlted the finon¢lal statement5 01 the Rossendale Trust for the year ended 31 March 2025 which comprlse the Statement of Financlal Activilles, the Balance Sheet. the Cash Flow Statement and notes to the finandal statements. inrludlng a summary of slBnificant atcountin8 pollcles. Thèfinanclal reporting fiameworkthat has been applied in thelr preparation is appllcable lawand Unlted Kln8domAccountfjn8 Stsndards IUnltEd Klngdom Generally Accepted AccountSng Practice). In our oplnlon the Ilnanclal statements: glve a true and falr vlew of the state of the charltable companrfs affalrs as at 31 March 2025 and of Its Incomlng resource5 and applICa￿On of resource5, In¢ludlng its result, for the year then ended- have been properly prepared in accordance wlth Unlted Kingdom Generally Accepted Accountin8 Practlce and have been prepared In accordance wlth the requlrements of the Companles Act 2006. Ba51s for oplnlon We condurted our audlt In •ccordance wlth InteTnatlonal Stsndards on Auditin8 IUKI IISA5 IUKII and appllcable law. Our re5pon51bllliles under those standard5 are further descrlbed In the Auditors respon51bllltles for the audit of the finandal ststements stthon of our report. We are Independent of the charltsble company In accordance wlth the ethlcal requlrements that are relevant to our audit of the financlal statements In the UK, Includlng the FRC'S Ethlcal standard, and we have fulftlled our other ethlcal respon51billties In accordance with these requlrements. We belleve that the audlt evldence we have obtalned is sufficlent and approprlate to provlde a basls for our oplnlon. Concluslons relotlni to golni concern In audltin8 the Hnanclal statements, we have concluded that the trustees. use of the so1￿ cO￿ern basls gf aCcoun￿nI In the preparatlon of the flnancl31 statement51s approprlate. Based on the work we have performed, we hwe not Ideritlfied ar)y materlal un¢ert4lntles relat5￿ to events or condltlons that. Indlvldually or collectlvely, may cast 51Bnlflcant doubt on the charltable companrfs ablI￿V to wntlnue a5 a pln8 ￿rK￿rn for a period of at least twelve months from whèn the flnanclal ststements are author15ed for Issue. Our re5ponslbll1￿eS and the r*sponslblllttes of the trustees wlth respect Io 8olng concem are dexrlbed In the relevant sectlon5 of thls report, oth￿ Informatso The trustees are respon51ble for the other InfOrm￿On. The other Informafjon ¢omprlses the Infomatlon Included Sn the annual report, other than the financlal statements and our Report of the Independent Audiiors thereon. Our oplnlon on the flnanclal statements does not cover the other Informatk*n and. except to the extent otherwlse expllcltly Stated In our report, we do not express any form of assurano conclusion thereon. In connectlon wlth our avdlt of the financlal statements, our respon51blllty15 to read the other Infomayon and. In dolng so. conslder whether the other Informa￿onI5 moterlally Incon51stent wlth the financlal statements or our knowledge obtalned In the audlt or otherwlse appears to be materlally mlsstated. If we lden￿fy svch materfal InconsIste￿ie$ or apparent mat*rlal mlsstalements. we are requlred to determlne whether there Is a rnaterlal mlsstatement In the financlal statements or a materbal rnisststement of the other Informatlon. If, based on the work we have performed, we conclude that there Is a matsrlal mls5totement of thls other Inforrnation. we are requlred to report that fact. We have nothlng to report in thls regard. Oplnlon on ￿her matters prestrlbed by the Companles Act 2LXIS In our oplnlon, based on the work undertaken In the course of thè audlt.. The informallon given In the Report of the Trustees for the financlal year for whlch the finandal statement5 are prepared15 conslstent with the fftnanclal stsiements- and the Report of the Trustee5 has been Prepared in accordance with applicable legal requirements. 11 THE ROSSENDALE TRUST LIMITED and The Rossendale Trust Incorporating the Hovls Pleasance Llnked Flnanclal Statements for the year endÈd 31 Marth 20Z5. Report of the Independent Audltor5 to the M¢mbers of The R055endale Trurt Limited and The R055endale Tru# Incorporating Hovi5 Pleasan¢e Matters on whlch we are requlied to report by e￿ption In the light of the knowledge and understanding of the charltable company a￿1 Its erwlronment obtalned tn the course of the audlt, we have not Iden￿￿ed materlal mlsstatements In the Report of the Trvslees. We have nothlng to report In respect of the followln8 matters where the Companlès Act 21)06 requlres u5 to report to you If. In our oplnlon.. adequatè accounttng records have not been kept or retums adequate for our atsdlt have not been recelved from branche5 not vlslted by us,. or. the flnanclal statements a￿ not In agreementwlth the accountlngretords and rèlurn5' orcertaln dls¢105vres of trustees, remuneralion specllied by law are not made; or we have not recelved all the Information and explanatlons we ￿quIre for our audit. Respon51bllltles of trustees A5 explalned more fully In the Statement of Trustees Aespon51bllltles, the trustee5 (who are also the dlrectors of the charftable company for the purpose of ¢ornpany18wl are re5ponslble for the preparatton of the financial slatements and for bein8 Satisfied that they 8lve a true and falr vlew. and fof such Internal control a5 the trustees detennlne Is necessary to enable the preparatlon of flnandal statements that are free from materlal mlsstatement, whether due to fraud or error. In preparln8 the financlal statements, the trustees are responslble lor a55esslng thèritsble company's ablllty to contlnu• as a goln8 concern, dlscloslngi as appllcable. matters related to g0Sng wncem and uslng the 8oln8 concern basls of accountlng unless the trustees elther Intend to Ilquldate the charitsble company orto cease operatfjons, or have no reallstlc alternatfve but to do $0. Audltor< re5ponslbllldes lor the audbt ot the ffnanclal statements Our obJe¢dves are to obtaln reasonable assurance about whether the ftnanclal statements a5 * whole afy free from materlal mlsstatemen¢ whether due to fraud or error, and io Issue a Report of the Independent Audltofs that Includes ouroplnlon. Reasonable assurance Is a hlBh level of assuiance but Is not a guarantee that an audlt conducted In accordance wlth ISAS IUKI wlll a￿ayS detect a materlal mlsstatèment when It exls15. Mlsstatements con arlse from fraud or error and ale ¢onsldered material If, indlvldually or In the ag6ieyte, they ¢ould fea50nably be expected to Influence the e￿noMIC declsSons of users tsken on the basls of these financlal statements. IrrÈgularSt(e5, Includln8 fraud, are Instances of nonIMarth20 111. Cornp•ntWoforthiStstemeThtolFlnintWA(YvJtkn(Ythwththd3JMwth ZD141 Unrulrfthd F TOt41F￿￿5 Fund5 2D24 Iq45S 95W29 110.284 IlQ,284 SJ(#V32 5,3riJAy2 5.300,412 Oth•itrndlnii£tfvlll•S 24 13BM77 IyE￿7? 270WZ 270*72 270,173 S￿.1￿1 I23￿5 s￿19,55$ S,819.665 ExppndltW• 31.904 5J51.912 ZJih24 087.5Y6 4IOD.172 Oth•r¢O￿l 7J8J 7J81 Totd 1xp￿ttUrn 116J6 5A94.479 233￿24 412•,103 4140,739 N•tlnwrnll•xpindtturnl 112M6} IJO8.4J81 112,6Jll 1321,0741 Mtwntllutkinolfvn Tot41 ILY￿• brnyhl I0￿11d 271) 734161 IIY)7M2 L459JOi 1,660,641 2,676,Z7J Tol•lfund1N dD thtylcffiplrtDlt￿ st4tLttyyaLdiL 12. T￿81b1•￿I￿edAsI¢ts Thi Ross#ndJle Tr￿$1 laffld &buIld￿* Costof Valu•llyn Atl Awll 2024 At 51 M•ich Z015 776.161 776.368 D•pie(latloTr At l 2014 J33Pi4 133.014 lorth*y•br 41gZ6 4l926 At 91 M•ich2025 175,94D 175,940 N•1 bookV•lu• At 31 M•rch 2025 6008 NitOookVIlu• At3J Morrh 2024 1354 643.354 FM•thold zo Z024 Rosi•nd•l•llbll IrKluth¢w Pbrk BDnk5tie•t 217.155 313,273 600,421 309.496 533,8S0 643.354 Th•no¥#n&4•Trwi Umlt•d Fi••huldl•Trd4ts¥P M•tuw At l Awll 2014 AddltlvDb 01sposals At 31 March 2025 IW67J79 216,1&) 61143 IJSfv71 LS17.30J 62,143 119,03S 1,55Tr.411 I￿67.9?9 3l93q8 115,077 pittlitlon At l ApiA 2024 Ch•i¥• lor the ye•r EllrnlNt•d ondlipos•l At 31 Mlrch 2D25 162 50JJiO 112 43MS I15￿17 451,750 93.69S 15&171 4KQ67 lIS￿77 516,B37 A¢ 31 Moleh 2025 91U07 IZl.767 lJJ33,574 N•tbook ¥•lu• At 31 M4rth 2024 961J17 1736 I,r*s 9S3 Frnqhold bulld1￿$ M•dl• C•nt 124,YB2 302,631 213.Y53 270,Z41 911W7 124176 32Z,OEQ 225,935 215.616 961,B17 Ihlilrnelè Mbplq A￿nut All fixtdiJset5 4p4rtfr0rn theyct• h•%*b¢entr•Mf¢fnd w th•knwthTriKtL￿I In2Q09th•TrWt Bnler*dlnioi Wyewleise ¥￿ththntW HoLtyh* Auadatlontobum iccomodxtkn ¢0 pwtolth¢Mty•YtoS￿pPkn LMnA.Th••moC￿f￿)n thiryid•pepw¢orn r•nt10riheh￿ Indi￿r* h•sbeenTr>dlrDbXh)Dlnthpwlue olthe IN 22 The Rossendale Trust Limited {Reglsteied number.. 07921n2) and The RosserKlalÈTrust Incorporatlng the Hovls Plèasance NDtes to the Flnanclal Ststements for the year ended 31 March 2025 13. Flxed A55et Investment The Rossendale Trust Llmlted 2025 2024 Ren al Pro 3 Leefleld Road Ch Market value brought foNard Add gain on revaluation Market value as at 31 March 2025 er 215.000 105,000 320,000 215,CXX) 215,000 The Investment property was suble¢t to an Independent valuation on 25 March 2026 byjohn Seed MRICS on an Open Market Value basls. Legal title for the property Is vested in the Official Custodlan for Charitie5 as nomlnee for the chartty. 14. Debtors The Rossendale Trust Umlted 2025 2024 Debtor5 for fees Prepayments and accrued Income Other debtors Glft ald 290,649 106,871 512,728 58,628 2,890 6,500 580,746 397.520 15. Credltors: Amounts fallln8 duè wlthSn I year The Rossendale Trust Llmlted 2025 2024 Bounce back loan Mortga8e CTedltors Taxatlon and soclal 5ecurlly Wa8es & penslons Accruals and deferred Income 10,000 6,800 16,088 IZO,250 157.505 226,756 537,399 10,000 6,800 9,906 126,290 287,043 440,039 Deferred Income at the balance sheet date of £IO.93512024: £nlll relates to Income recelved In respert of event5 occurrln8 In the next financlal period. 16. Credltors: Amounts falllng due after more than I year The Rossendale Trust Llmlted 2025 2024 Bounce back loan Mort8a8e 2,496 89,762 92,258 13,333 101.937 115,270 Amounts falllnB due by Instslments after 5 years Mort8a8e 39,762 51,938 The mort8a8e Is secured on a fixed asset Investment property, 3 Leefield Road. Chapel. The mortgage terrn is IS years and is whh 8ardays Bank pl 23 Rossendale Trusi Llrnlted IRpslstered number 0792172213nd The RosseTrdaJÈTru5tlrthpDMIw ihe Ho¥ts Pleasan Notes to the Fln8Aclal statements lorthe yeèrended 31 Marth 202$ 17. Fur¥Js IrKomlr¥ R2¥tyJr£es Outuolre Galnon Inve5tmenls OiAprtl 2024 TIarsfe￿betWeen nds 31 March 2025 The Aossendale Tru# EfidDwment FLrnds How15 Pleasan£e 734268 12Q5851 150.76BI 664,915 UnrestrloÈd Funds General accvmulated funds 2S8,728 994.996 122.3411 142.9161 50.768 287.155 951070 Transfers between fvnds relate5 toa correcllon tlth2albcètknoffN51orkal deprertratlon aga￿$1 p¢opertylnthe Erthrnentfund and unrestrirted Fund. See note 18for further detoll5. The Ro55erbdale Trust Ilmlted Unre5trlcted Funds General accumulated funds 1.260W12 1,260,812 6323.391 6.323,391 16.208.433) 16.20A.4331 10S,&JO 105,000 16,6001 16,6001 1.474,170 1.474,170 Remrkted Funds Oakwood Pr4ects Wlshllsl Items Oakwood Ir WorkTa5te Mortlculture Oakwood ￿SIC Oakwood Heèlth &WdlbE4 Ookwood Medlè Oakwood Art & Craft OBkwood Cookery rdd's Cabln Oakwood Trama Oakwood Vehlcle 33.1( 33.100 I8￿98 16,813 11.400 3,000 33.100 1,5(Ll 66291 33.100 67.791 500 11,700 187,404 21.700 50,098 99,391 18.685 6￿00 Tol81 Funds 355,199 lJ,489 Cthmpar)tlves ftythe prlcrfyeir IrKomlni Re5c￿l¢e$ Inon I[￿SIm￿ts OIAwll 2023 T[￿SIerS betwee fvnds RewwJfCts 31 Mèr£h 2024 Thè Ross•nd•l• Trust Endowment Funds Ho￿S Pleasance 736.268 736,268 Ut)restrlcted Fund5 General accumvlatedfunds 271,364 1.007.632 12,6361 112.6361 25B,728 994.996 The Ross•nd•le Trurt Llmltqd Unrns¢rfrted Funds GenErol o££umuJHted funds 1.4159,501 1.459.$01 5,695.7 5,695,7 15.894.479) 5.894,479 1.260,812 1260,812 Restrlrted Funds Oakwood Projec W15hllst Items Oakwood IT WorkTaste Hortlcvlture Oakwood Mu51c Oakwood Health & Wdlbeln8 OHkwood Mtdl 08kwood Art & Craft Oakwood Cookery Harold'sC4bln Oakwood Dram IIIA¥JI 33,10) 3.250 54521 33,10) 13.29)) 1118.7351 142.9121 12.5rKIi 131.776 113,2841 1451 16.ZDJI 17BOI 13.1421 1233.6241 64,Z14 42311 31.776 1.684 45 150 24,117 142 l(YJ.140 116CQ 6.09) 42.954 66.291 123,875 99.391 Total Funds 2.676.273 5.819,665 16,140.7391 2.35S.199 24 The R055endale Trust Llrnlted IReglstered number.. 079217221 and The R05seDdaleTrust Incolp)iatl￿ the Hovts P￿•SanCe Note5 to the Flnanclal Statemefit5 for the year ended 31 March 2025 17. Funds Icorbtlnuedl Endowmerbt Funds The Hovts Pleasance Fund represented the 4 pfopertlES, 2124. 26and 28 BU￿On Road. Macdesffteld. All of these propertles have been sold in prewous years. The proceed5 were used to purchase and devek>p two more 5uitsble propertles to Inuease the number ol tenant capaclty and 15 wlthln the oblerts as advlsed by the Chèrltie5Comm155ion.The balance remain5 in cash. Re5trlcted FLTrnds Restrlct@d Fund5 have been allocated In thrert relatlon to Brant request5. the￿fOre coverlng(05ts Incurred for runnlng our Oakwoorl and WorkTaste 5ervlces. The WorkTa5te Restritted Funds have been dlrectly allocated a8ainstWorkTaste staff cosis,. th15 element Is covered In all grant submlssions. This fund Is to cover costs o15alarle5 and travel expenses to allow tenants to attend ihe Servi￿ •id re￿1ve l-l supwjrt. The varlous Oakwood Fund5 have been 5u¢cesslL In achlevln8 Income from many sources durln8 the yeaf. T￿se monles have been used tolund various dally actfvitles replace equlpment and support the artlvltles dlrect stafNnB costs wlthln Oakwood. The avallablE lunds In the Harold's tsbln fund and Wlshlist fund wlll be used toward the replxement of the current Oakwood cabln. 18. Analysls ol net assets between funth The R0$5endale Tryst Reslrkted Funds Unrestrlded Funds Total Funds Endowment Funds Tan8lble Ilxed assets Net current assets 313,273 351,641 664.915 Erthwment Funds 287,155 600.428 351,64Z 952,070 Total Fundi 287.155 Unr¢5trl¢ted Fundi The Rossend•le Trnst Llmlted Re5trlcted Fund5 1,033,574 320,000 4M,258 192,2581 1,661,574 Tan8lble fixed assets Flxed a55et Investments Net current assets Lon8 term Ilabllltles 1,033,574 320,000 211.854 192,Z58 1,474,170 187A04 187.404 19. Operatln8 lease commltments The 1051owlng operatln8 lease payments are comrnltted to be pald by the tharlty.. 2025 2024 mounis fallln Wlthln one year Between one and Nve years After more than flve years 4,146 16,114 5,467 25,827 20, Pen51ons The charlfy operates a dellmd contrlbvtlon plan for its employee5. Perfjlon contrlbvtlons payable byiht Trust In the yearamounts 10 £109,799 12024.. £113,J351. Therewere outstand1fi8contrlbut1or￿ of Ell,132at the year end12024: £IL2841. 21. Flnonclal commltments The Trust entered into a 5 year a8reement In 2020 to enterffve comk*titors Inio the LondgTh Marathon at an annual toM to the charlty of £1,81KJ. 2025 wa5 Ihe flnal year of the bonrF. 22. Relaied PartyTrathsactlons There are no related party tran5attlons In the year IXJ24-. nlll eX￿P1th05¢ referied In noie 9 In respect of Key Management Personnel. The chèriiable companyls controlled by the 9oard ol Trustees. 25 The Rossendale Trust Llmlted IRe8lstered number: 07921722} and The Rossendale Trust Incorporatlng the Htwls Pleasance Notes to the Flnanclal Ststernents for the year ended 31 Marth 2025 23. Legal Status Since 2012 the Rossendale Trust timited is a chariiable tompany limited by guarantee. Incorporated in England and Wales and has no Share capital. However. due to specie land being held In the original charity. it was necessary foi the Trust to malntain the two separate charities. The Rossendale Tr4Jst Ltd111467711 15 the trustee of The Rossendale Trvst11146771-11 and the objectives and purpose of each charitv are essentially the same. Z4, Re¢onclllatlon of net movement In funds to net cash flow from operatlng actlvltles 2025 2024 Net movement In funds Add back depreciation Less proflt on sale of fixed assets Dedu¢i Interest Income shown in InvestSng activJtie5 Less 8alns OTh Investment property valuatlon Decrea5e/lincrea5el In debtor5 Increaselldecreasel In creditor5 258,44S 136.621 (7,9741 1321.0741 72,967 1270.8721 1105,0001 183,226 97.360 1104.1761 11,5801 Net cash used In operatlng actlvltles 562,678 626,835 25. Subsequent event5 Subseqtseni to the year end, the charlty became eniltled to a materlal le8acy. The re¢ognltlon criterlè were met In Aprll 2026 and the Income will be reco8ni5ed In the followSn8 flnancial year. 26