Charity registration number 1171808 (England and Wales) THE ROWLAND BROTHERS FOUNDATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
THE ROWLAND BROTHERS FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr S N A Rowland MrA B A Rowland MBE Mr M Spooner Mr J Walking Mr N Redman MrCRoe Charity number 1171808 Principal address 299 - 305 Whitehorse Road West Croydon Surrey CRO 2HR Independent examiner Miriam Hickson FCA JCS Accountants Ltd 5 Robin Hood Lane Sutton Surrey SM12SW
THE ROWLAND BROTHERS FOUNDATION CONTENTS Page Trustees, report Independent examinerfs report Statement of financial activities Balance sheet Notes to the financial statements 6-12
THE ROWLAND BROTHERS FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their annual report and financial statements for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Foundation's conslitution, 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 (FRS 102}. (effective 1 January 2019)- Objectives and activities The Foundation's objects are to relieve the mental and physical sickness and the financial hardship of persons resident in the area who are suffering from bereavement by the provision of counselling. financial and other support. Alongside this, the foundation has recently partnered with a number of secondary schools in Croydon and is offering bereavement counselling support to students there. This was initially in response to several well-publicised events in the area affecting pupils of the schools but has become more proactive in helping children deal with bereavement before it occurs. The Foundation also seeks to assist in the preservation of war memorials and other public monuments in the area commemorating figures of historical importance. This work continues to stay at a stable volume. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Foundation should undertake. Achievements and perforniance The charity's income decreased in the year despite the cost base of the Foundation growing as the Trustees took the decision to request less funding from partner Companies and utilise reserves available. The partner companies sent money as the cash was required to ensure the Foundation meets its obligations. The bereavement wunselling service has continued to thrive with a faTrto-fa meetings returning, but also with a continuation of online one-to-one and group sessions. A new "Never Alone. walking project also started in the year and the uptake of this has exceeded expectations and feedback has been good. Memorial renovations and repairs remained at a similar level to last year. Financial review At 31 March 2025, the Foundation's reserves were in deficit by £6.765 {2024= £6,439 surplus) following income of £87,07312024.' £89,935) and charitable expenditure of £100,277 (2024.. £77,582). There were no restricted funds received or spent in the year or previous year. This deficit is due to the accounts being prepared on an accrual basis and the Trustees taking the decision to only request funds as the expenditure is due. It is the policy of the Foundation that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to beeen one and three month's expenditure. The trustees consider that reserves at this level, coupled with support of its partners, will ensure that they will be able to continue the Foundation's Gurrent activities without interruption. This level of reserves has not been maintained throughout the year but the support of the partner companies continues and funds are sent to the Foundation as and when they are needed. Since year end, the donations and other income have increased to hold a healthier reserve in the Foundation's bank account. Structure, governance and management The Foundation is a charitable incorporated organisation. The Foundation is govemed by the rules and regulations set down in its Constitution dated 28 February 2017.
THE ROWLAND BROTHERS FOUNDATION TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The trustees who served during the year and up to the date of signature of the financial statements were.. Mr S N A Rowland MrA B ARowland MBE Mr M Spooner Mr J Walking Mr N Redman MrCRoe Trustees are recruited based on their skills, knowledge and experience needed for the effective administration of the Foundation. Trustees are appointed for a temi of three years by a resolution passed at a properly convened meeting. The trustees have responsibility for setting and monitoring the overall strategic direction of the Foundation. approving decisions and appointing key members of staff. The trustees. report wa approved by the Board of Trustees. Mr S N A Rowland 22 January 2026
THE ROWLAND BROTHERS FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ROWLAND BROTHERS FOUNDATION I report to the trustees on my examination of the financial statements of The Rowland Brothers Foundation (the Foundation) for the year ended 31 Mah 2025. Responslbllitles and basls of roport As the trustees of the Foundation you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011. I rèport in respect of my examination of the Foundation's flnancial statements carried out under section 145 of th8 Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515}Ib) of the Charities Act 2011. Independonl •xamlnor's slalemont I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not képt in respect of the Foundation as required by section 130 of the Charities A¢t 2011. the financial staleménls do not accord with those records. or the financial statements do not comply with the applicable requlremenls concemlng the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requiremenl thal the financial statements 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 ¢onn8¢tion with the examination to whl¢h allention should be drawn In Ihls rèport In order to enable a proper understanding of the financial slatgments to be reached. Mlrlam Hickson FCA 5 Robin Hood Lan8 Sutton Surrèy SM12SW Date.. 2A...J.a Zoz
THE ROWLAND BROTHERS FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Restricted funds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Notes Income from: Donations and legacies Other trading activities 74.298 12,775 74.298 12,775 79.974 9.961 79.974 9.961 Total income 87,073 87,073 89.935 89.935 Expenditure on: Charitable activities 100,277 100,277 77.582 77,582 Total expenditure 100,277 100,277 77.582 77.582 Net incomel(expenditure) and movement in funds (13,204) (13,204) 12.353 12.353 Reconciliation of funds: Fund balances at 1 April 2024 6,386 6,439 (5.967) 53 {5,9141 Fund balances at 31 March 2025 (6.818) (6.765) 6,386 53 6,439 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
THE ROWLAND BROTHERS FOUNDATION BALANCE SHEET ASAT31 MARCH 2025 2025 2024 Notes Fixed assets Tangible assets 304 681 Current assets Debtors Cash at bank and in hand 4.045 4,434 16,904 8,479 16,904 Creditors: amounts falling due within one year (15,548) (11.146) Net current (liabilities)lassets (7,069) 5.758 Total assels less current liabilities (6.765) 6,439 The funds of the Foundation Restricted income funds Unrestricted funds 11 12 53 (6,818) 53 6.386 (6,765) 6,439 The financial statements were approved by the trustees on 22 January 2026 Mr S N A Rowland
THE ROWLAND BROTHERS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Charity information The Rowland Brothers Foundation is a charitable incorporated organisation limited by guarantee and incorporaled in England and Wales. The address of its registered office is 299 - 305 Whitehorse Road, West Croydon, Surrey. The Foundation is a public benefit entity- 1.1 Accounting convention The financial statemenls have been prepared in accordance with the Foundation's constitution, the Charities AGI 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" I'FRS 102-1 and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)" (effective 1 January 2019). The Foundation is a Public Benefit Entity as defined by FRS 102. The Foundation has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling. which is the functional currency of the Foundation. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements, the trustees have a reasonable expectstion that the Foundation has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concem basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 1.4 Income Income is recognised when the Foundation is legally entitled to it after any performance conditions have been met. the amounts can be measured reliably. and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the Foundation has been notified of the donation. unless perfomance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise rf the Foundation has been notified of an impending distribution, the amount is known. and receipt is expected. If the amount is not known. the legacy is treated as a contingent asset.
THE ROWLAND BROTHERS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies {Continued) 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third parly. it is probable that a transfer of economic benefits will be required in settlement, and the amounl of the obligation can be measured reliably. Expendilure is classified by activity. The costs of each activity are made up of the total of direct cosls and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity- Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apporiioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. Expenditure is recognised on an accruals basis when a liability is incurred. Expenditure is inclusive of any VAT which cannot be recovered. Donations payable are accounted for when the charity is committed to paying them. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Fixtures and fittings 25.kn straight line The gain or loss arising on the disposal of an asset is determined as the difference behyeen the sale proceeds and the carying value of the asset, and is recognised in the statement of financial activities. 1.7 Impairment of fixed assets At each reporting end date, Ihe Foundation reviews the carying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impaiment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss {if any). 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand. deposits held at call with banks. other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Financial instruments The Foundation has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Foundation's balan sheet when the Foundation becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset. with the net amounts presented in the financial statements. when there is a legally enforceable righl to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
THE ROWLAND BROTHERS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies {Continued) Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at Ihe present value of the future payments discounted al a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amorlised cost, using the effective interest rale method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the Foundation's contractual obligations expire or are discharged or cancelled. 1.10 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Temiination benefits are recognised immediately as an expense when the Foundation is demonstrably committed to terminate the employment of an employee or to provide temiination benefits. 1.11 Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. Income from other trading activities Unrestricted Unrestricted funds funds 2025 2024 Fundraising events 12,775 9.961
THE ROWLAND BROTHERS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Charitable activities 2025 2024 Staff costs Charitable donations Other costs 65.481 49,477 1.280 23.675 31,604 97,085 74.432 Govemance costs Independent examination fee Legal and professional fees 1,460 1,732 1.400 1,750 100.277 77,582 Trustees The trustee, Chris Roe, was paid a consultancy fee of £3.000 for his work for the Foundation during the year {2024- £3,000). This payment is permitted under the terms of the constitution of the CIO. No other trustees received any benefits or were reimbursed expenses from the Foundation. There are no other related paty transactions requiring disclosure. Employees Number of employees The average monthly number of employees during the yearwas: 2025 Number 2024 Number Foundation staff Employment costs 2025 2024 Wages and salaries Social security Costs Other pension costs 59,215 5,409 857 45,798 3,217 462 65,481 49.477 There were no employees whose annual remuneration was £60,000 or more. Taxation The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
THE ROWLAND BROTHERS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Tangible fixed assets Fixtures and fittings Cost At 1 April 2024 2,204 At 31 March 2025 2,204 Depreciation and impaimient At 1 April 2024 Depreciation Gharged in the year 1.523 377 At 31 March 2025 1,900 Carrying amount Al 31 March 2025 304 At 31 March 2024 681 Deblors 2025 2024 Amounts falling due within one year". Trade debtors 4,045 Creditors: amounts falling due within one year 2025 2024 Other taxation and social security Trade creditors Accruals and deferred income 4.189 4.372 6.987 2,367 3,919 4,860 15,548 11.146 10 Retirement benefit schemes 2025 2024 Defined contribution schemes Charge to profit or loss in respect of defined contribution schemes 857 462 The Foundation operates a defined contribution pension scheme for all qualfying employees. The assets of the scheme are held separately from those of the Foundation in an independently administered fund. 10-
THE ROWLAND BROTHERS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 11 Restricted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. At 1 April At 31 March 2024 2025 Schools project 53 53 Previous year: At 1 April At 31 March 2023 2024 Schools project 53 53 The schools project fund relates to a bereavement support project working with under-18s in schools across Croydon, both in one-to-one support settings and in group settings, in the form of weekly bereavement support 'drop-ins'. 12 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At 1 April 2024 Income Expenditure At 31 March 2025 General funds 6.386 87.073 (100.277) {6,818) Previous year: At 1 April 2023 Income Expenditure At 31 March 2024 General funds (5.967) 89.935 (77.582) 6.386 11
THE ROWLAND BROTHERS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 Analysis of net assets between funds Unrestricted funds 2025 Restricted funds 2025 Total 2025 At 31 March 2025: Tangible assets Current assetsl(liabilities) 304 (7,122) 304 {7,069) 53 (6,818) 53 (6,765) Unrestricted funds 2024 Restricted funds 2024 Total 2024 At 31 March 2024: Tangible assets Current assetsl{liabilities) 681 5.705 681 5.758 53 6,386 53 6,439 12-
THE ROWLAND BROTHERS FOUNDATION DETAILED INCOME AND EXPENDITURE FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Restricted funds funds Total Unrestricted Restricted 2025 funds funds Total 2024 Income from: Individuals 3.732 3.732 2,907 2,907 Related com anies Rowland Brothers Rowland Brothers International A&J Morriss Golden Leaves J B Shakespeare 30.066 21.500 4,000 12,000 3,000 30.066 21.500 4.000 12.000 3.000 33,157 13,500 9,246 12,000 9,164 33,157 13,500 9,246 12,000 9,164 70,566 70,566 77,067 77,067 Golf day and seminar 12,775 12,775 9,961 9,961 Total income 87,073 87.073 89,935 89,935 Ex enditure on: Donations Manju Shahul-Hameed Foundation Old Coulsdon Residents Association Croydon Council Memorial Service Croydon Council Chinese New Year 500 200 80 500 500 200 80 500 1,280 1,280 Staff costs Seminar costs Insurance Printing & stationery Travel & subsistence Advertising Subscriptions Website and Computer Costs Bank charges Depreciation Sundry expenses Independent examination fee Legal and professional fees 65.481 27.817 416 330 1.663 65,481 27.817 416 330 1.663 49,477 18,581 537 237 49,477 18,581 537 237 985 818 689 254 551 1,023 1,400 1,750 985 818 689 254 551 1,023 1,400 1,750 372 372 266 377 363 1.460 1.732 266 377 363 1.460 1.732 100,277 100,277 76,302 76,302 Total expenditure 100.277 100.277 77,582 77,582 Net movement in funds (13.204) {13.204) 12,353 12,353 13-
Charity registration number 1171808 (England and Wales) THE ROWLAND BROTHERS FOUNDATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
THE ROWLAND BROTHERS FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr S N A Rowland MrA B A Rowland MBE Mr M Spooner Mr J Walking Mr N Redman MrCRoe Charity number 1171808 Principal address 299 - 305 Whitehorse Road West Croydon Surrey CRO 2HR Independent examiner Miriam Hickson FCA JCS Accountants Ltd 5 Robin Hood Lane Sutton Surrey SM12SW
THE ROWLAND BROTHERS FOUNDATION CONTENTS Page Trustees, report Independent examinerfs report Statement of financial activities Balance sheet Notes to the financial statements 6-12
THE ROWLAND BROTHERS FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their annual report and financial statements for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Foundation's conslitution, 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 (FRS 102}. (effective 1 January 2019)- Objectives and activities The Foundation's objects are to relieve the mental and physical sickness and the financial hardship of persons resident in the area who are suffering from bereavement by the provision of counselling. financial and other support. Alongside this, the foundation has recently partnered with a number of secondary schools in Croydon and is offering bereavement counselling support to students there. This was initially in response to several well-publicised events in the area affecting pupils of the schools but has become more proactive in helping children deal with bereavement before it occurs. The Foundation also seeks to assist in the preservation of war memorials and other public monuments in the area commemorating figures of historical importance. This work continues to stay at a stable volume. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Foundation should undertake. Achievements and perforniance The charity's income decreased in the year despite the cost base of the Foundation growing as the Trustees took the decision to request less funding from partner Companies and utilise reserves available. The partner companies sent money as the cash was required to ensure the Foundation meets its obligations. The bereavement wunselling service has continued to thrive with a faTrto-fa meetings returning, but also with a continuation of online one-to-one and group sessions. A new "Never Alone. walking project also started in the year and the uptake of this has exceeded expectations and feedback has been good. Memorial renovations and repairs remained at a similar level to last year. Financial review At 31 March 2025, the Foundation's reserves were in deficit by £6.765 {2024= £6,439 surplus) following income of £87,07312024.' £89,935) and charitable expenditure of £100,277 (2024.. £77,582). There were no restricted funds received or spent in the year or previous year. This deficit is due to the accounts being prepared on an accrual basis and the Trustees taking the decision to only request funds as the expenditure is due. It is the policy of the Foundation that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to beeen one and three month's expenditure. The trustees consider that reserves at this level, coupled with support of its partners, will ensure that they will be able to continue the Foundation's Gurrent activities without interruption. This level of reserves has not been maintained throughout the year but the support of the partner companies continues and funds are sent to the Foundation as and when they are needed. Since year end, the donations and other income have increased to hold a healthier reserve in the Foundation's bank account. Structure, governance and management The Foundation is a charitable incorporated organisation. The Foundation is govemed by the rules and regulations set down in its Constitution dated 28 February 2017.
THE ROWLAND BROTHERS FOUNDATION TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The trustees who served during the year and up to the date of signature of the financial statements were.. Mr S N A Rowland MrA B ARowland MBE Mr M Spooner Mr J Walking Mr N Redman MrCRoe Trustees are recruited based on their skills, knowledge and experience needed for the effective administration of the Foundation. Trustees are appointed for a temi of three years by a resolution passed at a properly convened meeting. The trustees have responsibility for setting and monitoring the overall strategic direction of the Foundation. approving decisions and appointing key members of staff. The trustees. report wa approved by the Board of Trustees. Mr S N A Rowland 22 January 2026
THE ROWLAND BROTHERS FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ROWLAND BROTHERS FOUNDATION I report to the trustees on my examination of the financial statements of The Rowland Brothers Foundation (the Foundation) for the year ended 31 March 2025. Responsibilities and basis of report As the truslees of the Foundation you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011. I report in respect of my examination of the Foundation's financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145151(b) of the Charities Act 2011. Independent examinevs statement I have completed my examinalion. I confimi that no 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 Foundation as required by section 130 of the Charities Act 2011. the financial statements do not accord with those records: or the financial statements do not comply with the applicable requirements Conrning the form and content of financial statements set out in the Charities {Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a true and fair view. which is not a matter considered as part of an independent examination. I have no concems 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 financial statements to be reached. Miriam Hickson FCA 5 Robin Hood Lane Sutton Surrey SM1 2SW Date:............................
THE ROWLAND BROTHERS FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Restricted funds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Notes Income from: Donations and legacies Other trading activities 74.298 12,775 74.298 12,775 79.974 9.961 79.974 9.961 Total income 87,073 87,073 89.935 89.935 Expenditure on: Charitable activities 100,277 100,277 77.582 77,582 Total expenditure 100,277 100,277 77.582 77.582 Net incomel(expenditure) and movement in funds (13,204) (13,204) 12.353 12.353 Reconciliation of funds: Fund balances at 1 April 2024 6,386 6,439 (5.967) 53 {5,9141 Fund balances at 31 March 2025 (6.818) (6.765) 6,386 53 6,439 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
THE ROWLAND BROTHERS FOUNDATION BALANCE SHEET ASAT31 MARCH 2025 2025 2024 Notes Fixed assets Tangible assets 304 681 Current assets Debtors Cash at bank and in hand 4.045 4,434 16,904 8,479 16,904 Creditors: amounts falling due within one year (15,548) (11.146) Net current (liabilities)lassets (7,069) 5.758 Total assels less current liabilities (6.765) 6,439 The funds of the Foundation Restricted income funds Unrestricted funds 11 12 53 (6,818) 53 6.386 (6,765) 6,439 The financial statements were approved by the trustees on 22 January 2026 Mr S N A Rowland
THE ROWLAND BROTHERS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Charity information The Rowland Brothers Foundation is a charitable incorporated organisation limited by guarantee and incorporaled in England and Wales. The address of its registered office is 299 - 305 Whitehorse Road, West Croydon, Surrey. The Foundation is a public benefit entity- 1.1 Accounting convention The financial statemenls have been prepared in accordance with the Foundation's constitution, the Charities AGI 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" I'FRS 102-1 and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)" (effective 1 January 2019). The Foundation is a Public Benefit Entity as defined by FRS 102. The Foundation has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling. which is the functional currency of the Foundation. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements, the trustees have a reasonable expectstion that the Foundation has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concem basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 1.4 Income Income is recognised when the Foundation is legally entitled to it after any performance conditions have been met. the amounts can be measured reliably. and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the Foundation has been notified of the donation. unless perfomance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise rf the Foundation has been notified of an impending distribution, the amount is known. and receipt is expected. If the amount is not known. the legacy is treated as a contingent asset.
THE ROWLAND BROTHERS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies {Continued) 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third parly. it is probable that a transfer of economic benefits will be required in settlement, and the amounl of the obligation can be measured reliably. Expendilure is classified by activity. The costs of each activity are made up of the total of direct cosls and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity- Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apporiioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. Expenditure is recognised on an accruals basis when a liability is incurred. Expenditure is inclusive of any VAT which cannot be recovered. Donations payable are accounted for when the charity is committed to paying them. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Fixtures and fittings 25.kn straight line The gain or loss arising on the disposal of an asset is determined as the difference behyeen the sale proceeds and the carying value of the asset, and is recognised in the statement of financial activities. 1.7 Impairment of fixed assets At each reporting end date, Ihe Foundation reviews the carying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impaiment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss {if any). 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand. deposits held at call with banks. other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Financial instruments The Foundation has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Foundation's balan sheet when the Foundation becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset. with the net amounts presented in the financial statements. when there is a legally enforceable righl to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
THE ROWLAND BROTHERS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies {Continued) Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at Ihe present value of the future payments discounted al a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amorlised cost, using the effective interest rale method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the Foundation's contractual obligations expire or are discharged or cancelled. 1.10 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Temiination benefits are recognised immediately as an expense when the Foundation is demonstrably committed to terminate the employment of an employee or to provide temiination benefits. 1.11 Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. Income from other trading activities Unrestricted Unrestricted funds funds 2025 2024 Fundraising events 12,775 9.961
THE ROWLAND BROTHERS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Charitable activities 2025 2024 Staff costs Charitable donations Other costs 65.481 49,477 1.280 23.675 31,604 97,085 74.432 Govemance costs Independent examination fee Legal and professional fees 1,460 1,732 1.400 1,750 100.277 77,582 Trustees The trustee, Chris Roe, was paid a consultancy fee of £3.000 for his work for the Foundation during the year {2024- £3,000). This payment is permitted under the terms of the constitution of the CIO. No other trustees received any benefits or were reimbursed expenses from the Foundation. There are no other related paty transactions requiring disclosure. Employees Number of employees The average monthly number of employees during the yearwas: 2025 Number 2024 Number Foundation staff Employment costs 2025 2024 Wages and salaries Social security Costs Other pension costs 59,215 5,409 857 45,798 3,217 462 65,481 49.477 There were no employees whose annual remuneration was £60,000 or more. Taxation The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
THE ROWLAND BROTHERS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Tangible fixed assets Fixtures and fittings Cost At 1 April 2024 2,204 At 31 March 2025 2,204 Depreciation and impaimient At 1 April 2024 Depreciation Gharged in the year 1.523 377 At 31 March 2025 1,900 Carrying amount Al 31 March 2025 304 At 31 March 2024 681 Deblors 2025 2024 Amounts falling due within one year". Trade debtors 4,045 Creditors: amounts falling due within one year 2025 2024 Other taxation and social security Trade creditors Accruals and deferred income 4.189 4.372 6.987 2,367 3,919 4,860 15,548 11.146 10 Retirement benefit schemes 2025 2024 Defined contribution schemes Charge to profit or loss in respect of defined contribution schemes 857 462 The Foundation operates a defined contribution pension scheme for all qualfying employees. The assets of the scheme are held separately from those of the Foundation in an independently administered fund. 10-
THE ROWLAND BROTHERS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 11 Restricted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. At 1 April At 31 March 2024 2025 Schools project 53 53 Previous year: At 1 April At 31 March 2023 2024 Schools project 53 53 The schools project fund relates to a bereavement support project working with under-18s in schools across Croydon, both in one-to-one support settings and in group settings, in the form of weekly bereavement support 'drop-ins'. 12 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At 1 April 2024 Income Expenditure At 31 March 2025 General funds 6.386 87.073 (100.277) {6,818) Previous year: At 1 April 2023 Income Expenditure At 31 March 2024 General funds (5.967) 89.935 (77.582) 6.386 11
THE ROWLAND BROTHERS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 Analysis of net assets between funds Unrestricted funds 2025 Restricted funds 2025 Total 2025 At 31 March 2025: Tangible assets Current assetsl(liabilities) 304 (7,122) 304 {7,069) 53 (6,818) 53 (6,765) Unrestricted funds 2024 Restricted funds 2024 Total 2024 At 31 March 2024: Tangible assets Current assetsl{liabilities) 681 5.705 681 5.758 53 6,386 53 6,439 12-
THE ROWLAND BROTHERS FOUNDATION DETAILED INCOME AND EXPENDITURE FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Restricted funds funds Total Unrestricted Restricted 2025 funds funds Total 2024 Income from: Individuals 3.732 3.732 2,907 2,907 Related com anies Rowland Brothers Rowland Brothers International A&J Morriss Golden Leaves J B Shakespeare 30.066 21.500 4,000 12,000 3,000 30.066 21.500 4.000 12.000 3.000 33,157 13,500 9,246 12,000 9,164 33,157 13,500 9,246 12,000 9,164 70,566 70,566 77,067 77,067 Golf day and seminar 12,775 12,775 9,961 9,961 Total income 87,073 87.073 89,935 89,935 Ex enditure on: Donations Manju Shahul-Hameed Foundation Old Coulsdon Residents Association Croydon Council Memorial Service Croydon Council Chinese New Year 500 200 80 500 500 200 80 500 1,280 1,280 Staff costs Seminar costs Insurance Printing & stationery Travel & subsistence Advertising Subscriptions Website and Computer Costs Bank charges Depreciation Sundry expenses Independent examination fee Legal and professional fees 65.481 27.817 416 330 1.663 65,481 27.817 416 330 1.663 49,477 18,581 537 237 49,477 18,581 537 237 985 818 689 254 551 1,023 1,400 1,750 985 818 689 254 551 1,023 1,400 1,750 372 372 266 377 363 1.460 1.732 266 377 363 1.460 1.732 100,277 100,277 76,302 76,302 Total expenditure 100.277 100.277 77,582 77,582 Net movement in funds (13.204) {13.204) 12,353 12,353 13-
Charity registration number 1171808 (England and Wales) THE ROWLAND BROTHERS FOUNDATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
THE ROWLAND BROTHERS FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr S N A Rowland MrA B A Rowland MBE Mr M Spooner Mr J Walking Mr N Redman MrCRoe Charity number 1171808 Principal address 299 - 305 Whitehorse Road West Croydon Surrey CRO 2HR Independent examiner Miriam Hickson FCA JCS Accountants Ltd 5 Robin Hood Lane Sutton Surrey SM12SW
THE ROWLAND BROTHERS FOUNDATION CONTENTS Page Trustees, report Independent examinerfs report Statement of financial activities Balance sheet Notes to the financial statements 6-12
THE ROWLAND BROTHERS FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their annual report and financial statements for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Foundation's conslitution, 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 (FRS 102}. (effective 1 January 2019)- Objectives and activities The Foundation's objects are to relieve the mental and physical sickness and the financial hardship of persons resident in the area who are suffering from bereavement by the provision of counselling. financial and other support. Alongside this, the foundation has recently partnered with a number of secondary schools in Croydon and is offering bereavement counselling support to students there. This was initially in response to several well-publicised events in the area affecting pupils of the schools but has become more proactive in helping children deal with bereavement before it occurs. The Foundation also seeks to assist in the preservation of war memorials and other public monuments in the area commemorating figures of historical importance. This work continues to stay at a stable volume. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Foundation should undertake. Achievements and perforniance The charity's income decreased in the year despite the cost base of the Foundation growing as the Trustees took the decision to request less funding from partner Companies and utilise reserves available. The partner companies sent money as the cash was required to ensure the Foundation meets its obligations. The bereavement wunselling service has continued to thrive with a faTrto-fa meetings returning, but also with a continuation of online one-to-one and group sessions. A new "Never Alone. walking project also started in the year and the uptake of this has exceeded expectations and feedback has been good. Memorial renovations and repairs remained at a similar level to last year. Financial review At 31 March 2025, the Foundation's reserves were in deficit by £6.765 {2024= £6,439 surplus) following income of £87,07312024.' £89,935) and charitable expenditure of £100,277 (2024.. £77,582). There were no restricted funds received or spent in the year or previous year. This deficit is due to the accounts being prepared on an accrual basis and the Trustees taking the decision to only request funds as the expenditure is due. It is the policy of the Foundation that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to beeen one and three month's expenditure. The trustees consider that reserves at this level, coupled with support of its partners, will ensure that they will be able to continue the Foundation's Gurrent activities without interruption. This level of reserves has not been maintained throughout the year but the support of the partner companies continues and funds are sent to the Foundation as and when they are needed. Since year end, the donations and other income have increased to hold a healthier reserve in the Foundation's bank account. Structure, governance and management The Foundation is a charitable incorporated organisation. The Foundation is govemed by the rules and regulations set down in its Constitution dated 28 February 2017.
THE ROWLAND BROTHERS FOUNDATION TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The trustees who served during the year and up to the date of signature of the financial statements were.. Mr S N A Rowland MrA B ARowland MBE Mr M Spooner Mr J Walking Mr N Redman MrCRoe Trustees are recruited based on their skills, knowledge and experience needed for the effective administration of the Foundation. Trustees are appointed for a temi of three years by a resolution passed at a properly convened meeting. The trustees have responsibility for setting and monitoring the overall strategic direction of the Foundation. approving decisions and appointing key members of staff. The trustees. report wa approved by the Board of Trustees. Mr S N A Rowland 22 January 2026
THE ROWLAND BROTHERS FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ROWLAND BROTHERS FOUNDATION I report to the trustees on my examination of the financial statements of The Rowland Brothers Foundation (the Foundation) for the year ended 31 March 2025. Responsibilities and basis of report As the truslees of the Foundation you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011. I report in respect of my examination of the Foundation's financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145151(b) of the Charities Act 2011. Independent examinevs statement I have completed my examinalion. I confimi that no 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 Foundation as required by section 130 of the Charities Act 2011. the financial statements do not accord with those records: or the financial statements do not comply with the applicable requirements Conrning the form and content of financial statements set out in the Charities {Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a true and fair view. which is not a matter considered as part of an independent examination. I have no concems 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 financial statements to be reached. Miriam Hickson FCA 5 Robin Hood Lane Sutton Surrey SM1 2SW Date:............................
THE ROWLAND BROTHERS FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Restricted funds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Notes Income from: Donations and legacies Other trading activities 74.298 12,775 74.298 12,775 79.974 9.961 79.974 9.961 Total income 87,073 87,073 89.935 89.935 Expenditure on: Charitable activities 100,277 100,277 77.582 77,582 Total expenditure 100,277 100,277 77.582 77.582 Net incomel(expenditure) and movement in funds (13,204) (13,204) 12.353 12.353 Reconciliation of funds: Fund balances at 1 April 2024 6,386 6,439 (5.967) 53 {5,9141 Fund balances at 31 March 2025 (6.818) (6.765) 6,386 53 6,439 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
THE ROWLAND BROTHERS FOUNDATION BALANCE SHEET ASAT31 MARCH 2025 2025 2024 Notes Fixed assets Tangible assets 304 681 Current assets Debtors Cash at bank and in hand 4.045 4,434 16,904 8,479 16,904 Creditors: amounts falling due within one year (15,548) (11.146) Net current (liabilities)lassets (7,069) 5.758 Total assels less current liabilities (6.765) 6,439 The funds of the Foundation Restricted income funds Unrestricted funds 11 12 53 (6,818) 53 6.386 (6,765) 6,439 The financial statements were approved by the trustees on 22 January 2026 Mr S N A Rowland
THE ROWLAND BROTHERS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Charity information The Rowland Brothers Foundation is a charitable incorporated organisation limited by guarantee and incorporaled in England and Wales. The address of its registered office is 299 - 305 Whitehorse Road, West Croydon, Surrey. The Foundation is a public benefit entity- 1.1 Accounting convention The financial statemenls have been prepared in accordance with the Foundation's constitution, the Charities AGI 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" I'FRS 102-1 and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)" (effective 1 January 2019). The Foundation is a Public Benefit Entity as defined by FRS 102. The Foundation has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling. which is the functional currency of the Foundation. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements, the trustees have a reasonable expectstion that the Foundation has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concem basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 1.4 Income Income is recognised when the Foundation is legally entitled to it after any performance conditions have been met. the amounts can be measured reliably. and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the Foundation has been notified of the donation. unless perfomance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise rf the Foundation has been notified of an impending distribution, the amount is known. and receipt is expected. If the amount is not known. the legacy is treated as a contingent asset.
THE ROWLAND BROTHERS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies {Continued) 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third parly. it is probable that a transfer of economic benefits will be required in settlement, and the amounl of the obligation can be measured reliably. Expendilure is classified by activity. The costs of each activity are made up of the total of direct cosls and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity- Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apporiioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. Expenditure is recognised on an accruals basis when a liability is incurred. Expenditure is inclusive of any VAT which cannot be recovered. Donations payable are accounted for when the charity is committed to paying them. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Fixtures and fittings 25.kn straight line The gain or loss arising on the disposal of an asset is determined as the difference behyeen the sale proceeds and the carying value of the asset, and is recognised in the statement of financial activities. 1.7 Impairment of fixed assets At each reporting end date, Ihe Foundation reviews the carying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impaiment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss {if any). 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand. deposits held at call with banks. other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Financial instruments The Foundation has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Foundation's balan sheet when the Foundation becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset. with the net amounts presented in the financial statements. when there is a legally enforceable righl to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
THE ROWLAND BROTHERS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies {Continued) Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at Ihe present value of the future payments discounted al a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amorlised cost, using the effective interest rale method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the Foundation's contractual obligations expire or are discharged or cancelled. 1.10 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Temiination benefits are recognised immediately as an expense when the Foundation is demonstrably committed to terminate the employment of an employee or to provide temiination benefits. 1.11 Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. Income from other trading activities Unrestricted Unrestricted funds funds 2025 2024 Fundraising events 12,775 9.961
THE ROWLAND BROTHERS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Charitable activities 2025 2024 Staff costs Charitable donations Other costs 65.481 49,477 1.280 23.675 31,604 97,085 74.432 Govemance costs Independent examination fee Legal and professional fees 1,460 1,732 1.400 1,750 100.277 77,582 Trustees The trustee, Chris Roe, was paid a consultancy fee of £3.000 for his work for the Foundation during the year {2024- £3,000). This payment is permitted under the terms of the constitution of the CIO. No other trustees received any benefits or were reimbursed expenses from the Foundation. There are no other related paty transactions requiring disclosure. Employees Number of employees The average monthly number of employees during the yearwas: 2025 Number 2024 Number Foundation staff Employment costs 2025 2024 Wages and salaries Social security Costs Other pension costs 59,215 5,409 857 45,798 3,217 462 65,481 49.477 There were no employees whose annual remuneration was £60,000 or more. Taxation The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
THE ROWLAND BROTHERS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Tangible fixed assets Fixtures and fittings Cost At 1 April 2024 2,204 At 31 March 2025 2,204 Depreciation and impaimient At 1 April 2024 Depreciation Gharged in the year 1.523 377 At 31 March 2025 1,900 Carrying amount Al 31 March 2025 304 At 31 March 2024 681 Deblors 2025 2024 Amounts falling due within one year". Trade debtors 4,045 Creditors: amounts falling due within one year 2025 2024 Other taxation and social security Trade creditors Accruals and deferred income 4.189 4.372 6.987 2,367 3,919 4,860 15,548 11.146 10 Retirement benefit schemes 2025 2024 Defined contribution schemes Charge to profit or loss in respect of defined contribution schemes 857 462 The Foundation operates a defined contribution pension scheme for all qualfying employees. The assets of the scheme are held separately from those of the Foundation in an independently administered fund. 10-
THE ROWLAND BROTHERS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 11 Restricted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. At 1 April At 31 March 2024 2025 Schools project 53 53 Previous year: At 1 April At 31 March 2023 2024 Schools project 53 53 The schools project fund relates to a bereavement support project working with under-18s in schools across Croydon, both in one-to-one support settings and in group settings, in the form of weekly bereavement support 'drop-ins'. 12 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At 1 April 2024 Income Expenditure At 31 March 2025 General funds 6.386 87.073 (100.277) {6,818) Previous year: At 1 April 2023 Income Expenditure At 31 March 2024 General funds (5.967) 89.935 (77.582) 6.386 11
THE ROWLAND BROTHERS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 Analysis of net assets between funds Unrestricted funds 2025 Restricted funds 2025 Total 2025 At 31 March 2025: Tangible assets Current assetsl(liabilities) 304 (7,122) 304 {7,069) 53 (6,818) 53 (6,765) Unrestricted funds 2024 Restricted funds 2024 Total 2024 At 31 March 2024: Tangible assets Current assetsl{liabilities) 681 5.705 681 5.758 53 6,386 53 6,439 12-
THE ROWLAND BROTHERS FOUNDATION DETAILED INCOME AND EXPENDITURE FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Restricted funds funds Total Unrestricted Restricted 2025 funds funds Total 2024 Income from: Individuals 3.732 3.732 2,907 2,907 Related com anies Rowland Brothers Rowland Brothers International A&J Morriss Golden Leaves J B Shakespeare 30.066 21.500 4,000 12,000 3,000 30.066 21.500 4.000 12.000 3.000 33,157 13,500 9,246 12,000 9,164 33,157 13,500 9,246 12,000 9,164 70,566 70,566 77,067 77,067 Golf day and seminar 12,775 12,775 9,961 9,961 Total income 87,073 87.073 89,935 89,935 Ex enditure on: Donations Manju Shahul-Hameed Foundation Old Coulsdon Residents Association Croydon Council Memorial Service Croydon Council Chinese New Year 500 200 80 500 500 200 80 500 1,280 1,280 Staff costs Seminar costs Insurance Printing & stationery Travel & subsistence Advertising Subscriptions Website and Computer Costs Bank charges Depreciation Sundry expenses Independent examination fee Legal and professional fees 65.481 27.817 416 330 1.663 65,481 27.817 416 330 1.663 49,477 18,581 537 237 49,477 18,581 537 237 985 818 689 254 551 1,023 1,400 1,750 985 818 689 254 551 1,023 1,400 1,750 372 372 266 377 363 1.460 1.732 266 377 363 1.460 1.732 100,277 100,277 76,302 76,302 Total expenditure 100.277 100.277 77,582 77,582 Net movement in funds (13.204) {13.204) 12,353 12,353 13-