Charity R•glstratlon No. 1161777 THE ROSENBERG MEMORIAL FUND ANNUAL REPORT AND FINANCIAL STATEMENTS For th• y•v to S Aprll 2024 THE ROSENBERG MEMORIAL FUND LEGAL AND ADMINISTRATIVE INFORMATION Settlor. Penelope DcKdhy Rosenberg (deceased) Govomlng Inslrumont: Wlll lated 17 September 2￿2 was woved on 16 JU￿ 2014 Regl•tratlon: ReglstratK￿ with Chty Commission was apwoved on 21 May 2015 Chwlty R•gl•trdon No: 1161777 Tru8100J'. Mr Matthvw Derek Plnlus Mlss Frances Chrislle (appointed 1 Decemter 2023) Mr Dwd An11K￿Y Fursl (retired 1 De￿bar 20231 Charlty Addrn••: Vtctorla Hou86 1.3 HII LorKlon EC4R 2RA Adrnlnlgtratorn: Middlerigg Sérv*8s Llmlte rjo Th8 Hedley Foundalion Vthrkq Hou50 1-3 Cdlege HS11 Lon(kJn EC4R 2RA Indep•ndent Exarnln•r: Mr Astr￿( Sh Ash & Co A(s￿nIan15 Um 7 WoTrJtr*ry Cjose (knwlon CRO SPR Inv•¥tm•nt Managors: Rothschild (Cl) Limit&J St Julian's Court St Julian's Avenue St P* Port Guemsey GY1 3BP THE ROSENBERG MEMORIAL FUND TRUSTEES. REPORT FOR THE YEAR ENDED S APRIL 2024 The Trust￿ present thdr RerK¥t and Accwnts the yw to 5 ￿11 2024. The Ac￿)unt8 have been wepored in accwdm wth ar￿jnI1￿ sel out In Note 1 to the Accounts and compty b¥llh the Char¢tYs wveming instwmenL Charfti8s Act 2011 and ' AC￿￿ntIng and Re￿rtIng by Charities. . Statement of Recommended ￿￿tice apFAthble lo charili8s weparing their P£¢ounts in a¢cordanc8 ￿th the FSnanclal Rewling Standard aFpluble in the UK and Republ of Ireland (FRS 102) (effective 1 January 2019}. ObJactlvo• and PthlvltI￿ for th• Publ1¢ B•n•fft The ¢)blects of the Cha￿ty akw the TnL%toes dlscrth) to awy th8 income and eaixtal of tho Charlty for suGh charitab￿ purposes as theyfrom time to time d8¢kle. TNslees confimi that they have referred to the gUIda￿e conlained in ts Charty Commksslon ge￿ra1 gu￿ar￿a on public benefit when re￿9W1ng the Chariws aims and obj'ectives and in ￿annIng futsjre actwilies and settlng th8 don8tlon8 pdlty for the porlcKI. The Chwlty carries Imrt these obieGt3 by making donat￿8 to vwknJ¥ registwed Charitles for the benefit of students stUd￿￿j in the r￿dS of medicine, ar¢hite¢ture and the 8pplied arts and gerw charflaÈ4e purposes for the advancement of health cy swng liv6s, 6dLub'on and trainirvJ. A¢hl•v•m•nls and P•rfomian 11 1$ the alm of the Trustees to dlstrilyjte amually th8 totsl IrK￿8 of th8 Charity. A8 per Note 11 to the Accounts there are rywing fundlng c4)mmlbn6nt8. Flnan¢lal R•vl•w At the ￿81 end total Fu￿1 valued at £6,389,836 {2tr23- £5,783,392) Th8 Trust's in¢om¢ wnsisls of Investment Income dlstrilxrted lo varkyJs charttable iYg8nlsations at th8 Trusle6$' discreth)n. 11 is the aim of the Trustees to malntain a balance bets￿en investments for c8pltal grth*th Income generalw 8fKi to maintain readi￿ ac￿sItIe cash fvnds sutficient to fvnsj antl¢ipal8d charitable donatlon8 over the comirKJ >tar. The CharW8 r08erves are primarily investments whth are held lo ger￿at6 income arKI capilal growth, which provkle funds lo make grants in wlth the Charitys Obj￿11¥8$. Free cash reseNes total £477.88412023 - £835,755) at tt)e end ar￿ the Iruslees ￿nSider that the level of resèrves is appropriate lo meet current xlivitw. Furtrw reserves can bg met with the liquhJ8tb)n of a proportion of invosknents rf requlred. TTu¥lees have assessed th8 major risks lo thlch the L8 exposed and are ￿t18r￿d that Systems are ID place lo mrtuale exposu￿ to Ihe major risks. Inveslmenl performance is monit(YwJ regulwty bythe trustees I￿ludI￿ via wesentatKJns ty Investment managers. The Trustees consider that ts swoad of risk V*ithin the irNestmenl prtllo is well pl￿xI to ￿ther the current financbl uwtalnlles. The Trustees aim. on >par. lo dlstrlbule all aVall￿ income after expenses io charitsble organlsatlons. THE ROSENBERG MEMORIAL FUND TRUSTEES. REPORT FOR THE YEAR ENDED 5 APRIL 2024 Structur•. Gov•rnan￿ and Mantywn•nt The Rosenberg Memork4 Fund vrds estat￿l8h9d urxkr the tem1$ of the Wlll dated 17 September 20)2 of P8nelop8 Dryothy Ro¥enbgrg VI*￿ died 2 March 2014 and is a registtteil Charity number 1161777. The Trustees vkn) duriryj the p￿￿d **re: Mr Matthew Derek Pirths Mr Davld Anlhony Fur81 (retlred 1 December 2023) Miss France8 Chri8tle (appolnted 1 December 2023) The POV•pr of appoinbng new Trustees is vested in tho sur4ivln9 or (yjntinuing Tru8tee8 in accordance wtth S36 Trustee Act 1925. Trustees are selected havirvJ regard to both thdr general exper￿nCe, and th81r kno￿ge and expgrience of tho obi&ls of the Iw$t. ond any pers(￿81 kn(￿edge of tho existing Truste88. Ad￿ce Is available lo ￿ Tru8teeg from the Charlty CNnmBslon. l Trustees give of Ihetr tlme free￿ and no trustee remun8ratknn w88 paKI in the TNslees are reqUI￿d to dl$dose all relevant interests and lo withdraw from d￿1¥￿$ wthere a confi￿1 of interest arl888. Rolhschlld arn Ihe Tru8f8 Inv881ment advi8W WtK)80 brlef Is to advlse and manage an *w66lment porllolb) on a disryet￿nary bas1$. Investment8 held at S Awil 2024 were a¢qulred In a(xonkn Vlith the of tho Trustees. The investment strategy is set by ihe Truslees and in dolry 80 the TnJ3tees have regard lo the In¢ome requlrements. Ihe rl8k profile and Ihwr irwestmenl manag￿S ￿eW of market prospects in the medSum term. THE ROSENBERG MEMORIAL FUND TRUSTEES. REPORT FOR THE YEAR ENDED S APRIL 2024 Statement of TrustO0•' R•8pon•lbllltle• The Trustees are responsibfe for prepwing the Truslees. Rewt arKI the Acojunts in accudarKe with applicable law and United KirW>m A¢¢ounts'rwJ SlaThJards {United Kl￿ffl Generally Accepted Accountaw Practth). The Law 8ppilcable to charities in England arml Wales requires the TnJst88S to pyepare A￿OUnts for each financial period Ythleh glve a true arml fair wew of the slate of affatrs of the Charity and of the in¢oming resources and applKatson of r￿OurteS of the Chwity for that P￿10d. In weparing t￿8 Accounts, the Trustees we rnquwed to:. select 8uitsble accounting pol￿￿ and apply them c£)nsislenlly, observe the methods and prinCip￿S in the Charities SORP. make judgements aThJ eslimales that are reasonatAa and wudent: ' stale ￿ther appllcable accountiry slandwds Iwve been fdkAwd, 8ubject to malerol departures disclosed 8nd ex￿aIned In the Accounts. prepare the A¢¢ounts on the goiro cOn￿M basis unless tt Is inappropriate to presume that t￿ Charity continue in Opera￿Tr. The Truste68 we responsib￿ for keeplry Suffldenl acc￿nting records t￿ICh dlsck18e %*lth reasonable accuracy at any time ￿ financial posldon of the Charity arKI to enable them to ensure th81 the Accounts comply ￿th Ihe CharIt￿ Act 2011, the Charity (Accounts and Rep￿ts) Regulatlons 2008 and the provlslons of the Trust Deed. Thay are also responsible f¢x 8af8guardlro th8 assets of the Charty arKI hence for taking reasonabl6 $leps for the w￿￿ntIon arKI detoction of fr•Jd and oth Irr6gularltlas. The Tw$t￿, Repth was apwoved by thè 803rd of Trustees. Approv•d by tho Tru$t•M WKI •lgn•d on tholr b•half by., Mr Matth8W Miss FrarKes Chrn8 I report on the althe Tn•ttrts* yw wKled 5 2024, ¥t 08t INrt on th¢ hed pages 6. 14. The 1rn8tee8 are fi)r the weparatlon ofth• xcounts kn x¢ord•rtt lh• requnment• oftm Act 2011. The 1*arit￿l trurt•88 con¥Klerth•t an audk l• nat requlr•d for thts year ￿der *eckn 14412} of th• Char#le• kt 2011 (th• 2011 ￿*1 arKI that an Ind•P•￿nI •x*rfnatkJn18 needthl. It h my rn81￿￿1lty kn ex￿11n2 the wtion 145 2011 rt to follow th• woc4dw•8 i) thè G•nwal Dndions w4•n by th• Charty Commwon der 8ecilx 144SXb) 01th• 2011 Art to •latt**￿tr￿r M¥e wn• b) ry att￿￿on. My exaM1n•tk￿ was ¢wrfed In Kc4xdance *ilh Genevil glven by Iho Charmy Cornm1Mi￿. An examlnation inckths a revfj￿ oftho xcou*lrwJ reconll kept by thè ch¥Ky and • COMp￿￿n ofthg attourrt• pre•mtsd with those recwth. It also indudm c4￿11dtsrth1 of •ny tMuo1 It8ryM or dlsclosure¥ In xcounts •xplanallon8 from you 481ru8t COn￿rnIng any such maltern. The W0￿￿re$ undwtskon do not provkle 411 the •¥hJ•nce th•t r•qulr8d In an audm. and con8equenty no opwik>n * al￿ a6 tr> TAtthwth8 account¥ pr•Mnl a Iruo And fak and the r•wt18 lim*e•J to thDB• Matt￿ ••t t>Jl kn th• •tat•m•nt b•ltrw. Indop•nd•nt •xamln•¢• •lal•m dthe 2011 Ad." hm not bmn nrt or to ￿ttl¢h, kn my oplnlon, •h￿ld be dr•hm kn ordorkn •nabl• • oft ac¢ounts b b• r•ad*d. sh & Co h£countsnt• Lld 7 WoodbLry Close CRO SPR THE ROSENBERG MEMORIAL FUND STATEMENT OF FINANCIAL ACTMTIES INCLUDING INCOME AND EXPENDrruRE ACCOUNT For the year •nded 5 Aprll 2024 2024 2023 In¢om• and Exp•ndltur• In¢om¢ from: Investments 26 557.81 26.557.81 45,416.52 45,418.52 Expendltur• on: Inve8lmenl Management Fe Bank Ch8r988 LEI Registration Fees 1.320.84 49,444.21 150.00 Grants via fundlng commthents: Prewou$ Fundlng Cc#))mMment New FundirvJ Commitment 11 11 (42,809.451 103,483.00 940.48 408,181.45 Macfarfanes Fee¥18 monts to Sep 23) Humphrey & Co Fe85 Mlddl8rlgg Serwces Fees (6 months to S 24) Ash a Co Accountants (to 5 Apr 24) 11.897.15 12,658.80 2,580.00 3,000.CKI 1,920.00 Total resour￿ •xp•ndad 78,831.34 473.954.94 Nel galns (losses) on Inveslments Currency adluslmenl 678.717.75 (236,015.W) 157.20) Not movement In funds FuThl balances at 5 April 2023 626,444.22 5,783,391.94 1664.611.52) 6,428,IXI3.48 Fund balancm at S Aprfl 2024 £6.389,836.16 £5,763,391.94 All fund8 arn unrn8trf¢ted THE ROSENBERG MEMORIAL FUND BALANCE SHEEf at 5 Aprfl 2024 2023 Flx•d Au•ts Investm￿ts 5.982.e4)9.94 4,950.947.03 5.982.609.94 4,950,947.03 Currenl As••t• Chattels Cash al bank aThJ in hand 10 512 629.22 512,629.22 935,446.36 Curr•nt LSabllltl Credltors.. AMo￿ts falllng due viithln on8 >wr (34,745.40) (99.191.93} N•1 currnnt •M•t• 4TT.883.82 836,254.43 Long T•mi Llablllth• Credlliws.. Amounts faNlng due after one yw (70.657.601 -23,809.52 Total au•t• l•M eurrwrt Ilablllll £6 389 838.18 £5 763 391.94 Unr•¥trI￿ Fund• £6,389,836.18 £5 763 391.94 The Accwnts were approved by tho Trusl88s on fLI.. S•fjuArf. ....Q. Q.ag....... Mr Matthew Tru8t Mi55 Franc8s Chrslre THE ROSENBERG MEPKIRIAL FUND NOIES TO THE FIIIAIKIAL STATEMEIITS forth• ywto $*wll 2024 1 Accountlng PollcloB Ch*iky Inhmi•li Roswbw9 FUNI a8t8￿15hed urNJer thetem ofts Wll 17 2002 of P￿￿)ra Rog•W **Ks dlad cfi 2 2014 a r•Jkntw*l Clwty, 11617n. 1.1 A¢¢ountlng Conv•ntlon Thè#è Ar£￿￿(8 hov• be￿ P￿7￿￿j kn a(ti*darKs FRS 102 Yha FI￿8￿¥ Re(thkY4 Starnlard applKotA8 in th8 UK afKI RewblK of IrelBrKf IFRS 10ri..AcQ￿n￿ty ar¥1 RepknvJ tyChw6kn" th& stht8m8ntof Practke for t*8rttbs 8fftyTrJ FRS 102 the Chall￿$ Ad 2011 and UK G•r Accwtwj Fbth•. Ctsrity Rs a Put4k B￿￿ Errtty ty FRS 101 Th8 Acrounts are pr•p#rnd In $ierftr&. the fvfKlbn•l ￿the c*•rity. 12 Oolnq C*XC•ffl regwrc88 In opwatb)nol th• forewo•bl•fithro. Ttsjo th• tru*•' c4nYryJ• adopltho gok¥ corran bas15 ol aGcountrKJ In w•por*y A￿1n1*. 1J Charfiabl• Fund• Urwlrfd•J fundi are ava4Ht4• uJ• at the Lrfthg tyuDlg•J In ofthdr L*wlt•bl• 1.4 I￿AMIng R••our¢•• Th• Ch•dty l• • re9b1w￿ Charity •rnl Mi Il#bkn hKX)ftK• t•X ￿ LXYFualkJn tax C￿ *KO derw frorn Its 8clfvll1•8, as It lals 4valL•bkn t* ¢hprttl88. l.J A••oU￿•* Exp•nd•d Inveslment porifr4kn th 4c£orfanc• *lth lh• str¥tw set by the Tn*teeJ. Th#￿￿>) lid￿ SL4K*ys' memgémert fee8 managtrnort oftho Ch8rty. Chgrftsble In the fomi payable * 4cw1￿l ar#1 *pwo4•J by th• T￿s￿eS due p￿rne Other ca815 I￿Ude IIK)50 <¥)5ts 8$w¢aal￿ TrRetir¥J the co[￿tH￿￿1 aTrJ stsbJW 01 Ch8rly atxl indude I￿nt fe¢8 cc4ts Mrt•J to *at•Jt Manag￿￿￿ ofthe ChBrty. THE ROSEN8ERG MEMORIAL FUMD NOTES TO THE FINI*4C￿L STATEMEiif3 forlh• >wto 5 ¥•4yII 2fj24 1.6 Flx•d *4$•1 Inw*m•nt Pollcy and D•rtv IrN¢6tments 8r¢ initwty r8wls&J at th•r value a￿1 nwasurnd by lh￿1 val as at the B8lanL¥ Sh8èt dat•. Listed Inveslments are stated at thè mhl pr*4 on the Lormlon st(￿ Extharge an¢1 tha bld prfc*s provkJed by the FurNI Manager5 ts uThl tnjst Gairts k)sses on investment ossèts 8￿ c¥ed(ted. or debW. to ts StaterTWrt crf ￿narKa81 Adfi¥6tles In tho ￿ in tw *is¢. Owlvauvgs are knmlalty ￿n￿ed #t their t¥lr valuè th8 day Itw are ont8r•d into arKI are subwuenly rnoa8ur￿ at Ihe fairvalu8 prov￿lIng at th8 timè. laK Val￿ of de￿tIveS ctsre8poThts to preBent val of e3timat&J lulure rash fbm. The tslr V•1￿ of cunwyforwards is bas&1 on the fowril excharoe as at tho bal￿¢* 8h8et date. 1.7 Forw•rd CwrnncyTraTh•acloM futur8 dalo Galns or b)$￿ on fc*vrnrl eJJrren¢y 1r8ro8c1knr￿ wtthln Ihe tr&Jir*J portfolk), ￿ere Suth tr8nsacthn& arg c*Jened and ofl in th• acc<)untlrYJ p8rk)d. arn rwnsed wAthln oalns or b)ssos in the Stsl•m8nt of FinarK#¥I Advllkn8 Y* th• In ts market v•*J• ￿ th• ¢urMw frorn trade datett> 8ettk8m8nl da￿. Whare lor4Ydrd cuffency transath remaln open 8111* ond ofth9flnandal pwh)d the lalr valuo ol Ihg tr8n$actk)n 1$ rmasured at tho g&n had Iho transatthn rjosed off on tho Lqsl day of the ￿n¢¥j, Anygalns or kx80s 9￿1ftg I￿rn the chang86 In f*lr y￿u0 on derlv•Y￿s tho Ststèm•rt of Flnandal A¢tlvld98 as unraallB8¢J galns or k>s8e8 al lh8 ￿d. 1.8 Curr•nt ￿#•t Inw*th￿n1• Flnandol assets doss￿1 as omnl 85sei Investrntyts we ststgd 8t f*rvAbJgwlth 8nygaln8 or108888 arf8lng ¢)n r8m&asuremont rBcognlsed In or kjss. Fair is dartr48d from lh8 profe95t*nal valuatk)n obtalnod al tha period 8nd. short.1￿Tr Investrnerrt6 duè W for sth 12 Thjnths d tho 8r• troated r•nl assot knvestffj￿ts. 1.9 Ca•h •nd Ca•h Equl¥•l•ni• Cash #nd ¢88h irtbJd• cash in hand, dopo8ttB hokl at cal wlih b•nks. Lrthw slKJrt-t8mi liquld Investrnents with original maiuribe6 crf thrna Ir￿￿1h$ or Itss bonk ovwdrnfts. overdrafts •rv8hown thin ￿rn1r￿j5 in cunent liabilrties. 1.10 Fknanclal In•lTwMnts The Charity has eknaed tts ap￿ the pro￿$br* of 11 'Bask Hnartyal 1nsttym￿ts' ¥nd ￿kIn 12 '(Jher Flnaniyal Instrum￿$ lssue8' of FRS 102 to dl of hs fina￿1* Finanaal instnJm8nts are rwrH5ed in t1￿ Chaiitls ba&K* SI￿et when the CharAy party to tht contractual proviS￿S dthe Il￿V￿￿￿t. Finandal assets and Ik?bilths are offsd. the net oftK￿nts Presen￿ In thefinaThxl 8t8twnenl8, when ere is a legally enforCea￿e Ivjht to set off the rwJThs•J amounts ￿ th￿ ￿ an int￿tily) lo $4Yg on a net bosls or to rnallsg the as561 WKI settle ts ￿•bIty ThE ROSENBERG MEMORIAL FUND NOTES TO THE FINANCIAL STATEIIJEi¥fs for th• y•ar to S *yll 2024 Basic Fln•ncWAss¢ts BBS￿ finarK4al a886ts, vthich kndud8 debtors and cash bank b￿ar￿. ￿ Intllalty moasufed at transaction Fyice Includjry transaclon c4)sts ￿ are b￿b$equ￿ty ¢arrlod at arnortised cost usmig the effective lrtwest melW unless the arrangeM￿t CLvslltutes a fmonclrvJ transaclion. ￿t￿re th8 tr8nsaction is measured al Ihg prgsonl value of the fijiure r￿￿pts thscountad al a maiket iato of Ythr•sL Financlal a888ts da$sm￿ as r￿vable W￿1h1n one are mt amc¥lis8d. Ba¥lc Flnand•l Ll•èlllU• B8￿C finandal IL9￿11￿68. IndudThJ creditorn ond bank arè iiitbalty rwrlsed al trwSaC*lc￿ pdce unless th8 arrar￿Ment con8tltut85 8 financirvJ tran8•thn, whtra thè dobt In8lnm)onl Is mo8sLTrd at the presont Value of the future recelpts ths¢ounled al a rna￿t rate of Intw8sL FinorKW Ilabililk?s dassmed as payable wAtNn ong year ore ￿¢V￿ged. D•bl InStrL￿th$ aro subwuonuy cwried at amtyUs•d c*)sL ustrg •ffeLIN• Intwe8t rate rn•thL￿. Trade credltor8 are cèllgaU(ms lo pay ICY gccr512024 2 Incom• from Inv•stmgnls 2024 2023 Income from Overseas Securitie8 Income received - U K Equlties Excess Reportable Income Interest on Cash Deposlts 16,890.95 22,465.05 18,919.90 2,399.20 1,632.37 8.519.49 1.147.37 26,557.81 45,416.52 3 knd•pond•nt Examln•rf• R•mun•r•tlon Fees pay8blé to the Chariws indepertht examiner and assocaates: 2024 2023 Independant Examknatk)n of the Ch*Ws occounts 1,920.00 2,580.00 4 Tru•tw• r•mun•rntlon and •xp•nM• None of the Tru8le89 {or any persons ￿nnected *lth th8m> receiv8d any remunerallon, benefits or p￿ent of expen866 {2023'. £NII). S Employ••B Thore vmo r(+ em￿O￿te$ durfrvJ the perK￿. 8 N•1 G•ln•llLoM••) on Inv••tm•nt• 2024 2023 Revaluation of Investments GainlLoss on Sale of Investrnents GaIn￿OSS on Exchange Rale Movements 742,608.42 {28,445.17) {35.445.50 678.717.75 (69,241.78} 105,144 34 {271,918.46 {236,015.90> 7 Chattols 2024 2023 Fair Valu• Valuation at S Awil 2022 500.00 The chattels rdates to a paintirKJ vthich was sold during tr￿ 11 THE ROSENBERG MEMORIAL FUND NOTES TO THE FINANCIAL STATEMEiifs FOR THE to 5 April 2024 8 Fix•d As$•t Investments 2024 2023 Listed Investrnents 5.982.609.94 4 950 947.03 Invostrnents are IrKauded on the Balance Sheet at thair m*k81 valu& at the end of the financial Per￿￿. Llsted investments are slated at the on the Loth St£Kk Exchange aThl the bkl wi¢e8 provlded by the Fund Managers for unit trust holdlngg. T￿ hi$lorKal c08t of the fNed a88et irNestrnents K8 £5,407,730 (2023.. £5,127.193.62) Movwn•nts In Flx•d A••8t Inv••lm• Shar•• 2024 Shar•• 2023 Cost or Valuallon Al 5 Aprll 2023 Addllh)n8 Valuallon Chang88 D18posa18 4.950,947.03 2,668,227.55 678.717.75 (2.315.282.39) 5.601,516.38 12,317,637.83 1236,015.Wl {12,732.191.28) At S Aprl 2024 5.982.609.94 4,950,947.03 C•rrylng Amount Al S Aprll 2024 5,992,609.94 4,950,947.03 12- ThE ROSENBERG MEMORIAL FUND NOTES TO THE FINANCIAL STATEMEpifs FOR THE yoar to 5 Aprfl 2024 9 Flnan¢lal kffjtruments 2024 2023 Carrylng Amount ol Flnanclal Amots Flnwdal assets meagured at fair value thr(wh Ir￿￿e expendilwe 500.00 Equity instruments measured at market value 4 950 947.03 Carrylng Amount of Fln•xlal Llabllltlos Measured at amortlsed cost 103 483.1NJ 123 001.45 FlnanGW Uabllltlm: br•fd(d(Mn Humphrey & Co Fees Ash a Co Acc(yJnt8nls Ltd 3,000.1)O 1.920.00 Funding commitments due or* year 32,825.40 S,191.93 34.745.40 99,191,93 Fundlng cornmltm•nts du• aft•r ¢)n• y•ar 23 809.52 105 403.¢X> 123 001.45 10 Cash al bank and In hand 2024 2023 Macf8rlaMs LLP Rothschlkl (Cl) Limlted CAF Bonk 73.885.12 861,061.24 381,553.53 131.07S.89 512 629.22 934 946.36 13- THE ROSENBERG MEMORIAL FUND NOTES TO THE FINANCIAL STATEMEKfs FOR THE y•ar to S April 2tr24 11 Fundlng C<¥mrnitm•nt Grants provKled to institubon8 fundirvj C￿MIlMents are detaled as fdkyaB.' NEW RIBA Scholarshl At 22 June 2022 the ch*ty had entered into fuThJlw commllments to 2 dlfferent donatiorts to the Royal Instttute of Brrtiqh Architects RIBA) vknlth lolalled £149.500 part of %thich are no longer r￿UIred by RIBA arKI th6 excw funding eommilmenl thal ha5 already been accounted has been afjded back. The commibnent for the othor donation was extend&l by a further 3 years and the lotd amounts lo £152,LX)O. Thwe are no performance related condltlons attached to ¢ommthents. The commithients have been calculated by the am¢MtL*ed ¢ost methL*J uslNJ an average retum of Investment rate calculated at 5% pw anNrn. Y•Ar Du• 2023-2024 2024-2025 2025-2026 2026-2027 134,746 103,483 70.657 36.1 6.n7 5.174 138.000) 138,000) 138.000) 138.000) 103,483 70,657 36,1￿1 1.810 17.254 1152.000} Year 36.190 34.467 32,828 31.263 5% 5% 5% 134,746 Gu & St Thomm, C At 22 June 2022 Ihe Charity h￿1 enter￿1 into furKlkng (xynmitmerrts to WOVKle donatbns to th Guy & St Thomas. CW d £265,8n. Thls commiiment has ncA¥ been fuffill8d. 12 R•l•t•(I Party Transact There have been rn rdated party transa(aion$ in Ihe ¥p3r. (2023.. . None) -14-