The Rose Animal Welfare Trust CIO
Registered Charity Number 1169516
Trustees, Annual Report and Financial Statements
For the Year Ended 31 October 2024

The Rose Animal Welfare Trust CIO
Contents
Page
Charity Informats"on
Report of the Trustees
Trustee's Responsibilities
Independent Examiner's Report
statement of Financial Activities
Balance Sheet
Statement of Cashflows
Notes to the Financial Statements
9-16

The Rose Animal Welfare Trust CIO
Charity Information
Trustees
Mrs Antoinette Tomkinson
Mr David John Tomkinson
Ms Elizabeth Ellen Webb
Mrs Diane Woodhouse
(Chair)
Registered Charity Number
1169516
Registered Office
The Ranch
Catton Lane
Pocklington
York
Y042 1TN
Independent Examiner
Nicola Taylor
Brown Butler
Leigh House
28-32 St Paul's Street
Leeds
LS12JT
Bankers
Virgin Money
46 Coney Street
York
Y019NQ
Solicitors
Emsleys Solicitors Limited
Viscount Court
Leeds Road
Rothwell
Leeds
LS26 OGR
Investment Managers
Brewin Dolphin
10 Vvellington Place
Leeds
LS14AN
Evelyn Partners
3 Wellington Place
Leeds
LS14AP

The Rose Animal Welfare Trust CIO
Report of the Trustees for the year ended 31 October 2024
The Trustees present their annual report together with the financial ststements of the charity for the
year ended 31 October 2024.
The financial statements have been prepared in accordan￿ with the accounting policies set out in note
1 to the financial statements and comply with the charity's governing document, the Charities Act 2011
and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the
UK and Republic of Ireland {FRS102)° (effective 1 January 2019).
Structure, Governance and Management
The Rose Animal INelfare Trust CIO (the "Charity.) was registered as a charity on the 6 October 2016,
number 1169516. the Constitution dated 6 October 2016 forms its governing document.
Reference and Administrative Details
The reference and administrative details are shown within the charity information page which ft)rms part
of this Trustees Report.
Trustees
The Trustees who served during the year and up to the date of signature of the financial statements
were..
Mrs Antoinette Tomkinson
Mr David John Tomkinson
Ms Elizabeth Ellen Webb
Mrs Diane Woodhouse
New Trustees may be appointed at properly convened Trustee's meeting by a resolution of the Trustees
and recorded in the minutes. The minutes would be signed by the new Trustees to provide evidence of
appointment.
Risk management
The Trustees have assessed the major risks to which the charity is exposed, in particular those related
to the operations and finances of the charity and are satisfied that systems are in place to mitigate the
exposure to major risks.
Public benefit
The Trustees have complied with the duty in Section 17(5) of the 2011 Charities Act to have due regard
to guidance published by the Charity Commission in respect of public benefit.
Objectives and Activities
The primary objectives are promotion of humane behaviour towards and to relieve the suffering of
domestic and wild animals.
In planning the activities for the year, the Trustees have kept in mind the Charity Commission's guidance
on public benefit at the Trustee meetings.
The Constitution obliges the Trustees to apply the Charity income to such charities and for such
charitable purposes and in such proportions and in such manner and subject to such terms and
conditions as they may determine.

The Rose Animal Welfare Trust CIO
Report of the Trustees for the year ended 31 October 2024
The Trustees respond to numerous written requests for donations from a wide range of charities and
the donations made are set out in the Schedule of Donations in note 10 of the financial statements.
The Trustees regularly discuss the policy of donations. The Trustees believe that the donations fulfil
the charity's public benefit requirement.
Achievements and Perfomiance
During the year the charity benefited from further generous donations and gifts in kind amounting to
£603.100 (2023: £554,526).
The Charity's principal source of funding on an ongoing basis is from the return on its investments. The
key objectives of the Charity have been supported in the year to 31 October 2024 as 98% (2023: 97°/0)
of the Charity's expenditure related to charitable donations.
The Trustees awarded charitable grants totalling £635,000 (2023: £587,000). A list of grants can be
ft)und in note 10 to the financial statements.
Financial Revlew
The Charity's investments are shown in the Balance Sheet at the market value, at the balance sheet
date as all investments are listed on quoted markets. the market valuation is freely available.
During the year total income amounted to £642,757 (2023: £601,975). Expenditure forthe yeartotalled
£650,920 (2023: £605,232), making net loss for the year of £8,163 (2023: £3,257).
At the balance sheet date, the charity had total funds of £2,464,014 (2023: £2.130,209). Uncommitted
reserves freely available for charitable acttvities were £48,780 (2023.. £65,267).
Reserves Pollcy
It is the policy of the charity to maintain investments at such a level to generate sufficient cash funds
annually to allow it to meet its charitable objectives in the coming year. These cash funds must also be
sufficient to cover the expected annual administrative and governance costs of the charity excluding
investment management fees. At 31 October 2024 this requirement was approximately £4,000.
Investment Powers and Policy
Under the constitution. the charity has the power to make any investment which the Trustees See fit.
The Trustees have not adopted an ethical investment policy. The Trustees review their investment
policy at regular inteNals.
Plans for Future Periods
The charity plans to continue the activities outlined above in the forthcoming years, subject to
satisfactory returns on investments.
This report was approved by the Board of Trustees on
2025 and signed on its behalf by:
Mrs Antoinette Tomkinson
Chair of Trustees
o. rwAwq61

The Rose Animal Welfare Trust CIO
Statement of Trustees, Accounting and Reporting Responsibilities
The Trustees are responsible for preparing the Trustees, Annual Report and the financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted 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 state of affairs of the charity
and of the incoming resources and application of resources of the charity for that year. In preparing
these financial statements, the Trustees are required to..
Select suitable accounting policies and then apply them consistently.,
Observe the methods and principals in the Charities SORP.
Make judgements and estimates that are reasonable and prudent.
State whether applicable accounting standards have been followed, subject to any material
departures disclosed and explained in the financial statements., and
Prepare the financial ststements on the group concern basis unless it is inappropriate to presume
that the charity will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable
accuracy at any time the financial position of the charity and enable them to ensure that the financial
statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008
and the provisions of the trust deed. They are also responsible forsafeguarding the assets ofthe charity
and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Rose Anlmal Welfaro Trust CIO
Independent Examiner's Report to the Trust•es of The Rose Anlmal Welfare Trust CIO
I report to the trustees on my examination of the accounts of The Rose Animal Welfare Trust CIO for
the year ended 31 October 2024.
This report is made solely to the Charity's Trustees. as a body, in accordance with Section 145 of the
Charities Act 2011. My independent examination work has been undertaken so that I might state to the
Charity's Trustees those matters l am required to state to them in an Independent Examiner's Report
and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility
to anyone other than the Charity and the Charity's Trustees as a body, for my independent examination
work, for this report, or for the opinions I have formed.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible ft)rthe preparation ofthe accounts in accordance
with the requirements of the Charities Act 2011 (°the Act").
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act
and in carrying out my examination I have followed all the applicable Directions given by the Charity
Commission under section 145{5)(b) of the Act.
Independent Examiner's Statement
Since the Charity's gross income exceeded £250,000 yourexaminer must be a member of a body listed
in section 145 of the Act. I confirm that l am qualified to undertake the examination because l am a
member of Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in
connection with the examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records., or
3. the accounts do not comply with the applicable requirements concerning the form and content of
accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any
requirement that the accounts give a true and fair view which is not a matter considered as part of
an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
Niwla Taylor FCA
Brown Butler
Chartered Accountants
Leigh House
28-32 St Paul's Street
Leeds
LS12JT
2025

The Rose Animal Welfare Trust CIO
statemont of Financial Activities for the year ended 31 October 2024
2024
2023
Notes
Income from:
Donations
Investment income
603,100
39,657
554,526
47,449
Total Income
642,757
601,975
Expenditure on:
Charitable activities
649,457
603,365
Total expenditure
649,457
603,365
Net (loss)Ilncome before tax and other recognised galns
(6,700)
(1,390)
Tax on fees
(1,463)
(1,867)
Other recognised gains
Realised and unrealised gainsl(losses) on investments
341,968
(513.893)
333,805
(517,150)
Net movement in funds for the year
Reconciliation of funds:
Fund balances brought forward
2,130,209
2,647,359
Funds carried forward
2,464,014
2,130,209
All income and expenditure in the Statement of Financial Activities was unrestricted in both the current
and prior year.
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 9 to 16 fomi part of these financial statements.

The Roso Anlmal Welfare Trust cio
Balance Sheet as at 31 October 2024
2024
2023
Notes
Flxed assets
Investments
2,415,234
2,064,842
Current assets
Cash at bank
52,035
68,467
Current liabllities
Amounts falling due within one year
(3,255)
(3,100)
Net current assets
48,780
65,267
Totsl assets less current liabilities
2,464,014
2,130,209
Net assets
2,464,014
2,130,209
Funds:
Unrestricted funds
2,464,014
2,130,209
The financial statements were approved by the Trustees on 20 (*
behalf by-
2025 and signed on their
Mrs Antoinette Tomkinson
Trustee
orofv
w?6-
The notes on pages 9 to 16 form part of these financial ststements.

The Rose Animal Welfare Trust CIO
Statement of Cash Flows for the year ended 31 October 2024
2024
2023
Notes
Cash flows from operation activities
Net cash provided by operating activities
11
(949,976)
(40.790)
Cash flows from invosting activities
Proceeds from sale of investrnents
Purchase of investments
1,446,830
(513,286)
143,182
(98,868)
Net cash provldedllused in) by Investing actlvlties
933,544
44,314
Change in cash and cash equivalents in the year
(16,432)
3,523
Cash and cash equivalents at the beginning of the year
68,467
64.943
Cash and cash equivalents at the end of the year
52,035
68,467

The Rose Anlmal Welfare Trust CIO
Notes to tho Flnancial Statements for tho year ended 31 October 2024
Accounting pollcles
The principal accounting policies adopted, judgements and key sources of estimation uncertainty
in the preparation of the financial statements are as follows:
1.1 Charity infomiatlon
The Rose Animal Welfare Trust CIO is a charity established by Constitution dated 6 October 2016,
and registered with the Charity Commission under charity number 1169516. The charity's principal
office address is The Ranch, Catton Lane, Pocklington, York. Y042 1 TN.
1.2 Accounting conventlon
The financial statements have been prepared in accordance with applicable United Kingdom
accounting standards including Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable to charities preparing their financial statements in accordance
with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)
(effective 1 January 2019) - (Charities SORP (FR 102), the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements are presented in Sterling, which is the functional currency of the charity.
Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention, as modified by
the revaluation of certain fixed assets.
1.3 Going concern
The Trustees have prepared financial projections, taking into consideration the current economic
climate and its potential impact on the sources of income and planned expenditure. They have a
reasonable expectation that adequate financial resources are available to enable the charity to
continue in operational existence for the foreseeable future, and have adequate contingency plans
in the event that income streams are reduced. Whilst the global economy has been significantly
impacted by the rising costs of living, the charity Still has reserves sufficient to meet its immediate
requirements. Thus the trustees continue to adopt the going concern basis of accounting in
preparing the financial statements.
1.4 Income
Income is recognised in full in the Statement of Financial Activities ('SoFA°) in the year in which it
is receivable.
1.5 Income from investments
Dividend and interest income from investment funds is included when receivable and the amount
can be measured reliably by the charity, this is normally upon notification of dividends and interest
paid or payable by the Fund Manager.
Interest income from cash deposits is recognised in the accounts gross, when receivable.
1.6 Expenditure
Expenditure (excluding grants) is included in the SOFA on an accruals basis.
Charitable activities include support expenditure associated with the administration and issuing of
grants.
1.7 Grants
Grants payable are commitments (including payments) made to third parties in the furtherance of
the charitable objectives of the charity- Single or multi-year grants are accounted for as grants
payable when either the recipient has a reasonable expectation that they will receive a grant and
the Trustees have agreed to pay the grant with condition, or the recipient has a reasonable
expectation that they will receive a grant and any condition attaching to the grant is outside the
control of the charity.

The Rose Animal Welfaro Trust CIO
Notes to the Financial Statements for the year ended 31 October 2024
Accounting pollcles - contlnued
1 .8 Flxed asset investments
Investments are a form of basic financial instrument.
Listed investments are stated at market value at the balance sheet date. The listed investment
portfolio is held to generate returns and gains for the charity and accordingly is designated as fair
value through profit and loss ("FirrpL°). Under this designation the portfolio is revalued at each
year end to its fair value, as detemiined by reference to quoted market prices and values
determined by independent fund managers, with any gains or losses going through the SOFA.
1.9 Financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and
Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. The
Charity only has financial assets and liabilities of a kind that qualify as basic financial instruments
in accordance with section 11 of FRS 102. Basic financial instruments are initially recognised at
transaction value and are subsequently measured at their settlement value.
The Charity does not acquire put options, derivatives or other complex financial instruments.
1.10Cash at bank and In hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short
maturity held for working capital.
1.11 DebtorJ
Financial assets, other than those held at fair value through profit and loss, are assessed for
indicators of impairment at each reporting end date.
Financial assets are impaired where there is objective evidence that, as a result of one or more
events that occurred after the initial recognition of the financial asset, the estimated future cash
flows have been affected. Any impairment loss is recognised in the SOFA.
1,12 Creditors, loans and provisions
Creditors, loans and provisions are recognised where the Charity has a present obligation resulting
from a past event that will probably result in the transfer of funds to a third paty and the amount
due to settle the obligation can be measured or estimated reliably. Creditors, loans and provisions
are normally recognised at their settlement amount after allowing for any trade discounts due.
Financial liabilities are derecognised when, and only when, obligations are discharged, Can￿lled
or they expire.
Amounts recognised as provisions are best estimates of the consideration required to settle the
present obligation at the reporting end date, taking into account the risks and uncertainties
surrounding the obligation.
1.13 Fund accounting
All funds received in the year are unrestricted in their application, the Trustees having full discretion
over their use.
10

The Rose Anlmal Welfaro Trust CIO
Notes to tho Flnancial Statements for the year endod 31 Octobor 2024
Accounting policies - contlnued
1.14 Critical accounting estlmates and judgements
In the application of the charity's accounting policies, the Trustees are required to make
judgements, estimates and assumptions about the carrying amount of assets and liabilities that
are not readily apparent from other sources. The estimates and associated assumptions are based
on historical experience and other factors that are considered to be relevant. Actual results may
differ from these estimates. The ests'mates and underlying assumptions are reviewed on an
ongoing basis. Revisions to accounting estimates are recognised in the period in which the
estimate is revised, if the revision affects only that period. or in the period of the revision and future
periods if the revision affects both current and future periods.
The Trustees have judged that there are no estimates or assumptions which have a significant risk
of causing a material adjustment to the carrying amount of assets and liabilities.
1 .15 Taxatlon
The Rose Animal Welfare Trust CIO is a registered charity and as such is a charity within the
meaning of schedule 6 of the Finance Act 2010. Accordingly, the Charity is potentially entitled to
tax exemption under part 11 of the Corporation Tax Act 2010 or section 256 of the Taxation of
Chargeable Gains Act 1992 in respect of income and gains arising.
Income from donatlons
2024
2023
Gift of shares at valuation
Gifts in kind
600,000
3,100
550.000
4,526
603,100
554,526
Income from investments
2024
2023
Dividends
Interest
34,891
4,766
43,097
4,352
39,657
47,449
11

The Rose Anlmal Welfare Trust CIO
Notes to the Financial Statements for the year ended 31 October 2024
Charitable activities expenditure
2024
2023
Notes
Grants and donations
Support costs
10
635,000
14,457
587,000
16,365
Total expenditure
649,457
603,365
Analysis of support costs
Investment Management fees
Independent examination fee
Accountancy
11,202
1,680
1,575
13,265
1,600
1,500
Total support costs
14,457
16,365
Reconciliation of grants payable
2024
2023
Grants committed in the year
Grants paid in the year
635,000
587,000
{635,000) (587,000)
Commitments at 31 October
To comply with Charities SORP (FRS 102) non-performance grants are reported in the SOFA on
approval of application. In some cases payment may be spread over a period of time which gives
rise to future commitments. There were no future commitments in respect o* grants at the year
end.
There were no staff employed by the charity during the year. The Trustees are unpaid and did
not receive any remuneration, benefits or expenses from the charity in the year.
12

The Rose Anlmal Welfare Trust CIO
Notes to the Financial Statements for the year ended 31 October 2024
Fixed asset investments
2024
2023
Listed Investments
Market value as at l November 2023
2,046,536
2,2B7,968
Gift of shares at valuation
Additions at cost
Disposals
Realised and unrealised gainsl(losses) on investments
600,000
550,000
513,286
98,868
(1,175,219) (376,407)
341,968
(513,893)
Market value as at 31 October 2024
2,326,567
2,046,536
Historical cost at 31 October 2024
2,381,576
2,150,111
2024
2023
Investments are represented by:
UK and Overseas Bonds
UK and Overseas Equities
Global investments
Absolute return
Private equity
Equity
162,860
1,698,394
133,629
1,728,781
42,703
107,859
33,564
96,609
372,251
2,326,567
2,046,536
Capital account- cash
88,663
18,306
Value as at 31 October 2024
2,415,234
2,064,842
In July 2024. Rose Animal Trust divested its investments from Brewin Dolphin and redirected
them through Evelyn Partners.
As a result, the investment portft)lio shows a significant variance from the previous year, reflecting
the shift in the portfolio from Brewin Dolphin to Evelyn Partners.
Credltors: amounts falling due withln one year
2024
2023
Accruals
3,255
3,100
13

The Rose Animal Welfare Trust CIO
Notes to the Financial Statements for the year ended 31 October 2024
Funds
Realised and
unrealised
gains on
investments
Asat
1 November
2023
Expenditure
inc. tax
on fees
Asat
31 October
2024
Income
Unrestricted funds
General
2,130,209
642,757
(650,920)
341,968
2,464,014
Total
2,130,209
642,757
(650,9201
341,968
2,464,014
Realised and
unrealised
gains on
investments
Asat
1 November
2022
Expenditure
inc. tax
on fees
Asat
31 October
2023
Income
Unrestricted fund8
General
2,647,359
601.975
{605,232)
(513,893)
2.130,209
Total
2,647,359
601,975
(605,232)
(513,893)
2,130,209
Analysis of net assets between funds
2024
2023
As at 31 Octobor 2024
Fixed assets investments
Current assets
Current liabilities
2,415,234
52,035
(3,255)
2,064,842
68,467
(3,100)
2,464,014
2,130,209
Related party transactions
During the year, £600,000 (2023: £550,000) of shares were gifted at nil cost to The Rose Animal
Welfare Trust Investment Portfolio by Antoinette Tomkinson, a trustee of the charity.
14

The Rose Animal Welfare Trust CIO
Notes to the Financial Statements for the year onded 31 October 2024
10. Grant expendlture
Committed and paid Committed and paid
2024
2023
Organisatlon
Animal Asia Foundation
Angels
Animal Rescue Cumbria
Blue Cross for Pets
Brooke
Brent Lodge Bird Wildlife Trust
Cats and Dogs Bath
Cats Protection
Compassion in World Farming
Cuan Wildfi're Rescue
Cotswolds Dogs & Cats Home
Cruelty Free international
Daybreaks Trust
Dogs Trust
Dogs 4 Rescue
Donkey Sanctuary
Farplace Animal Rescue
Filey Cat Rescue
Freedom of the Spirit Trust for Border Collies
Freshfields Animal Rescue
FRAME
Good Life Dog Rescue
Grey Hound Trust
Happy Horse Rescue
Happy Paws Puppy Rescue
Hope Rescue Centre
Hull Animal Welfare Trust
HAPPA
Horse Sense Wirral
Jerry Green Dog Rescue
Mare and Foal
Newcastle Dog + Cat Shelter
Ne￿Ork for animal
Oak Tree Farm
Oak Rescue
Other
PDSA
PETA
Prickly Edge Hedgehog Rescue
20,000
5,000
10,000
20,000
10,000
2,000
20,000
10,000
5,000
10,000
15,000
10,000
20,000
10,000
12,000
10,000
10,000
20,000
3,000
10,000
5,000
20,000
20,000
15,000
5,000
2,000
14,000
10,000
15,000
10,000
5,000
20,000
10,000
10,000
10,000
5,000
20,000
20,000
10,000
20,000
15,000
20,000
5,000
20,000
20,000
10,000
15,000
10,000
5,000
20,000
10,000
10,000
15,000
10,000
10,000
20,000
10,000
20,000
10,000
5,000
20,000
10,000
20,000
10,000
15

The Rose Anlmal Welfare Trust CIO
Notes to the Financial Statements for the year ended 31 October 2024
10. Grant expenditure
Committed and paid Committed and paid
2024
2023
Organlsation
Rain Rescue
Redwings Horse Sanctuary
RSPCA York, Harrogate & District
Remus Horse Sanctuary
RVC Animal Care Trust
Ryedale Dog Rescue
Secret World Wildlife Rescue
Safe Heaven for Donkeys
Stsdkan Church Rescue
Stockenchurch Dog Rescue
Staffordshire Bull Terrier Rescue
Teckels Animal Sanctuary
The Cat Welfare Group
The Horse Trust
The Isle of Wight Donkey Sanctuary
The Moorland Mousie Trust
Thornberry Animal Sanctuary
The Flicka Foundation Donkey Sanctuary
Warwickshire Hedgehog Rescue
Wetheriggs Animal Rescue
Wood Green Animal Shelter
World Horse Welfare
20,000
20,000
20,000
20,000
7,000
10,000
20,000
5,000
20,000
10.000
10,000
5,000
10,000
20,000
20,000
10,000
5,000
20,000
10,000
10,000
20,000
20,000
20,000
10,000
8,000
10,000
10,000
2,000
10,000
5,000
15,000
2,000
10,000
10,000
635,000
587,000
11. Reconciliation of net movements in funds to net cash flow from operating activitles
2024
2023
As at 31 October 2024
Net (expenditure)lincome
Increasel(decrease) in creditors
(Gain)Iloss on investment
Gift of shares at valuation
(8,163)
{3,257)
155
{1,425)
(341,968)
513,893
(600,000) (550,000)
Cash (outflow)linflow from operating activities
(949,976)
(40,790)
The charity had no net debt in either this or the previous financial year.
During the year £600,000 (2023.. £550,000) of shares were gifted at nil cost and fees totalling
£3,10012023'. £4,526) were paid for by Antoinette Tomkinson, a trustee of the charity. These
constitute major non cash transactions during the year.