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 be￿een 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 Ma￿h 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 be￿een 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 Con￿rning 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 be￿een 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 Con￿rning 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-