THE ROCKSPRING CHARITABLE TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
THE ROCKSPRING CHARITABLE TRUST REPORT AND ACCOUNTS forthe yg•r gndgd 31 Docornbgr X125 Admlnlstrntlvo det•ll• Roport of the tnMt••• Ind•p•rtd8nt Audlto¢• rnport statem•nt of flnanclal act1v5t 2025 ststomont olflnancl•l actlvStlo1 2024 8&l•nce •h••t 10 Statomont of calh flo 11 Nots• to th• flnanclal 8tstom•nts 12
THE ROCKSPRING CHARITABLE TRUST ADMINISTRATIVE DETAILS forthe year ended 31 December 2025 CHARITY REGISTERED No. 1175442 TRUSTEES.. R.M. Plummer IChaimign} F.J. Plummet G.H. Carter S.E. Floyd INDEPENDENT AUDITOR. Oafferns Audit Limited One Eastsvood Harry Weston Road Blnley Bu8in888 Park Coventry CV3 2UB BANKERS.. Handelsbankan Leaminglon Sp8 Branch Myton House 40 Holly Walk Leamlnglon Spa CV32 4HY INVESTMENT MANAGERS: al Canaccord Genulty Wealth M8nagement 88 Wood &rest, London EC2V 7QR b) Fidellly Béech Gate, Millfield Lane, Lowér Klngswood, Tadworth, Suffey, KT20 8RP ¢1 Evelyn Partners 45 Gr¢$ham Street, London, EC2V 7BG INVESTMENT ADVISOR: Sagar Amrallal, Canaccord Genuity VV•alth Management 88 Wd Street. London EC2V 7QR SOLICITORS.. RWK Goodman LLP Godslow Court inns Bu5ine88 Park 5 West Way Oxford OX2 OJB ORRESPONDENCE ADDRESS- RWK Goodman LLP Godstow Court Minns Busines8 Park 5 Wesl Way Oxford OX2 OJ8
THE ROCKSPRING CHARITABLE TRUST REPORT OF THE TRUSTEES forthe year ended 31 December 2025 The tru51ees present their rgport together with the unaudited fin8ndal ststemenls of the charity for th• y•ar ended 31 December 2025. The Trustees hav¢ adopted the provisions of Slalement of Recommended Practice ISORPI °Accounling and Reporting by Charities. IFRS 1021 in preparing the annual report and financial stslemenls of the Charity. The finandal ststements have been prepared In accordance with the accountsng polici8s $01 out In notes to the accounts and comply with the tharity'5 goveming document, the Charities Act 2011 and Accounting and Reporting by Charities.. Statement of Recommended Practice applicabl8 to charities preparing their accounts in accordance with the Financial Reporting Standard applicae in the UK and Republic of Ireland wblished In October 2019. Legal and adminlstralive information set out on 1 form8 part of thi8 report. STRUCTURE AND GOVERNANCE Govemlng document The trust is govemed by • d8gd gxeculed by the first Irusl&e8, Mr R.M. Plummer, Mr$ F.J. Plummer. Mr G.Pl. Cartor and Ms S.E. Floyd on 5 October 2017 and is registered 88 a charity number 1175442. During the first period the Iruslees agreed to change the Charity's regi$l¢ied name from The Richard and Fiona Plummer Ch8riloblg Trust lo The Rock8priThJ Charitable Tru$l. Tru8teg8 The Iruslee8 are nominated and appolnted by other tru$loe8. Suitablè tralnlng 18 given to new tru51ees. Oryanlsatlonal structure The Iruslees con81der grant appllcallon8 on a regular b8818. Preference is givan lo char186 wh080 cau8e8 are local In nature or those that aro le88 well 8UPPQrted than high¢r profile prolect8. The day to day administrob'on of the charity is outsourced. Rlsk managernent The trustees have a88e88ed the major risk8 to whlch the charty is exposed, In partlcular th08e related to the activities and finances of the charity. and are satisfied that sy81ems are in place lo mitigate those risks. A risk a88e8smenl register18 maintained, and revigwed annually. OBJECTS OF THE CHARITY The Dblecls of the charity as sel out in the trust deed are the 8dv8n¢¢ment of any charitable purpo88 as the trustees. in their ab801ute discretion, thlnk frt. GRANT MAKING POLICY, AIMS. OBJECTIVES AND PUBLIC BENEFIT Grants are made in accordan¢e with the Iruslees, w5hes. The Iruslees have agreed prin¢lpally lo eoneenlrale on one or tsvo geographical areas where there Is local knowledge on the part of the trustees. Thls will enable the trustees to consider carefully and be aware of those charities which they wish lo support, both immediately and over the longer term. Additionally, tho Iruslees intend lo create guidelines forwhich ollhg charitable sect¢r$ they would like to support and whether or not there was a particular social dèmographic e.g. young people. The policy of the trustees Is that they are committed to promollng equal opportunities In the consideration of applications for Grants or Fundlng. All applicants will receive equal treatment regardless of age, di8abilily. gender reassignment, mari181 or civil partnef slalus, pregnancy or maternity, race, colour, nationality, ethnic or national origin, religion or belief, sex or sexual orienlalion. The charity only makes grants lo other charities as it con*'ders that. as they are established for public ben¢fil, they are b8st aCed to be partners in support of its charitable objectives. The Trustees confirm that they have referred to the guid8nc8 contained in the Charity Commissions general guidance on public benefit when reviewing the charity'$ aims and objeclivgs and in planning future activi(ies and setting grant making poliaes.
THE ROCKSPRING CHARITABLE TRUST REPORT OF THE TRUSTEES forthe yearended 31 Docambar 2025 ACHIEVEMENTS AND PERFORMANCE 6 9ranls were awarded12024.' 81 to organisalions lolalling £135,259 (2024.. £130,089>. These grants were made to local charrties established in the UK. FINANCIAL REVIEW Accounts The detsiled accounts of the charity are set out on pages 8 10 16. In the year to 31 December 2025 Mr Plummer donated £1,400,04712024.' £448.1211 lo the charitable trust and investments generated in¢omo of £110,89512024.' £121.5971. Inve8tmenl8 are managed by CanaCCd Genuity Wealth Manag6menl. In 2019 the trustees invested £2 milllon which are now held under discr8b'onary management in tsvo separate portfoli08 wlh Canaccord Genuity Wealth Management Fund 8nd Fidelity Inve8tmenls. Investment comprising the Palrizia shares setued on the charity are lodged wrth Evelyn Partner8. The charity's holding al 31st December 2025 wa8 196,6518hares. The balance of cash is curr•nlly dopo8lted wfrth Handelsbanken, Leamlnglon Spa. y a Deed ofAppoinlmenl dalod 2 August 2022. The Truste&8 of Mr8 M D Plummef's 2003 Diycretlonary Tru81 donated the Trust Fund comprising 1 share in Misrimuna Investments Limited and cash in the b8nk account to the charity. On 1 July 2025, Mr R Plumrner tran$forr¢d the remalnlng Share in M18rlmuna Investments Llmiled to the chadty. On 1 April 2025, Mr R Plummer transferred invgslmenl propety wrth a value of £465,000 lo the charlty. Mr R Plummer retalns legal lit to the property, whlch Is held on tru81 for thè charlty. Investment pollcy. The Iruslees, power8 of Investment are wJg and govemed by the Trust Deed. The trustee8 have engaged Canaccord Genuity Wgalth Man8gement lo advise on an Investment strategy lo produce medlum term c8pt81 gr0h. Canaccord Genulty ¢arriad out 8 ri8k assessment and the truslges agreed on Balanced Gr opproach which means.. Oblectlvè.. This strategy aims lo preserve th8 Trust's Inve51ed assets above the r818 of Inflallon. Given this largel, il also attempts to generate balanced growth retums through diver8ified investments with a maximum equity welghling of 70%. Retum Expectatlons.. The strategy aims lo genor$to a balanced gro1h-orIenIed return in-llne wllh or sllghlly In exces8 of in1181ion (CPI) + 3.5% per annum over the medlum to long tem. Rbsk Tolerancè.. Investors In the balanced growth category are prepared to aeeepl some risk of capital loss in the short and medium lem. in ordèr lo achieve a sustsined real (above inflation) increase in capi1819rowth over the long term. The curTenl investments in the Vanguard Life Strategy 80% Equity account held by Fidelity Investments and Canaccord Genuty Wealth Management Discretionary portfolio are con81stenl with this approach. The Trustees 8180 have a holding in Patiizi8 AG shargs which are shares gifted by Richard Plummer. A5 single shareholdings they 8re not consistent wth the Tru8lees' stsled attitude to r18k 80 the Trustees plan to sell d¢)wn the holdlng as and when p088ible. RESERVES The whole of the charity's endowment is expendable. The Trustees aim to maintsin approximately £20,000 in the general fund lo ensuro there are sufficient fijnds avallable to cover the support and governance costs. The Trustees have the flexibility to usg the 6xpendable endowment fund lo make grants and donations as required. Al the 31 December 2025 the chanty h8d total fund8 of £7,105,31412024.' £5,361.3921 and unre8tricted funds were £85.857 {2024.- £47,909).
THE ROCKSPRING CHARITABLE TRUST REPORT OF THE TRUSTEES forthe yaar ended 31 December 2026 FWURE PLANS The original amount donated lo the charity was just over £4,000,000 and further gifts have been donated in subs8qugnl years valued at appr0matelY £4,526,547. The original settlors may gift further shares in subsequent lax years. The Trustees have the discretion lo make grants lo charities even If this results in 8 decrease in the volue ol the original amounts dated lo the charity. FUNDRAISING REGULATOR STATEMENT OF COMPLIANCE The charity has not appointed a fundraiser and does not undertake lo raise fvnds from the gener81 public. Hence, W8 have received no fundraising complaints during the year. STATEMENT OF TRUSTEES, RESPONSIBILITIES The truste88 are responsible for preparing the Trustees, Annual Report and the financial slatgmonls in accordance with applicable law and United Klngdom AccLiunting Standards (United lQngdom Generally Accepted Accounting Pracllcel. The law applieablè lo chanties in England & Wales require5 the Iruslees to pr8par8 finandal slalements foreach financial year which give a true and fair view of the slate of affairs of the thonty and of the Incoming resources and application of resour¢•8 of the chartty for th81 poriod. In preparing thesg finan¢i818lalem8nt8, the Iru81886 are required to.. Select 8uilable accounting policigs gnd then apply them con8islenlly', obsee the methods and prinaples in the Charili8s SORP 2019 IFRS 102}', make jud9ement8 and e51imeles that ore reasonable 8nd prudent., stsle wheltter applicable accounting standards h8v$ been lollowed., prepare the financial statemanls on the going concern basis unles¥ il 1$ inappropdale lo presume that the tharlty 11 continue in operallon. The Iru8100$ are rn8pon8Ible for keeping proper accounlirvJ records that dlsclose fea80nable accuracy 4t any time the financial po811ion of the charity and enable them to ensure that the financial slalemenls comply with th8 Charllie8Act and the provisions of the trust deed. They are also responsible for 8afegu8rding the a$t$ of the charity and hence for taking re880n8ble steps for the pf¢v¢nllon and detection of fraud and other IrTegulariiia$. Approved by the Trustees cfi .2o.Kp.Cl.aaZts. aTrJ signed by.." R.M. PLUMMER F.J. PLUMMER G.H. CARTER S.E, FLO
THE ROCKSPRING CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE ROCKSPRING CHARITABLE TRUST Oplnlon We have audrted the fin8ncial stslemerrts of The Rockspring Chariloble Trust {the 'charty'} for the year endod 31 December 2025 which comprise the Slalement offfinancial activities. Balance sheet, Slalement of cash flows. and notes to the fin8nclal slatemenls, including significant accounting policies. The financial reporting frarnowork that has been applied in their preparation is applicabl8 law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the finan¢lal 8lalements'. give a true and fair vi8w of tho Slate of the charty's affairs as al 31 December 2025, and of its ineomlng resources and application of r8sourcgs, including its income and 8xpendrture. for the year then ended,. have been properfy prepar$d in accordance Yth United Kingd¢Jm Generally A¢cepled Accounting Practice., and have been prepared in accordance wlth the requirements of the Charttles A¢t 2011. 8a81& for oplnlon We conducted our audlt In accordance with Internation81 Sl8ndard5 on Audlllng IUKI IISAS IUKII 8nd applicable law. Our responsibilities under those standards are further described In the auditor $PonSibl1111es for the audit of the finan¢ial statements 8eetSon of our report. We are Independent of the charlty In accord8nca wlth the elhlcal requirements that are relevant lo our audlt of the financial 81alemenls in the UK, including the FRC'S Ethical Standard, and we hav& fulfill¢d our other ethical responsibilitses in accordance wlh these requirements. We bel*ve that the audil evidence we have oblainad 18 sufficient 8nd appropriate lo provide a ba31s for our opinion, Conelu8lon8 r•latlng to golng concern In auditing the linancial slalemenls, we have concluded that the Iruslees. u¥e of the going concern basi8 of accounling in the preparatson of thè financial slalemenls is appropriate. Based on the work we have perfomied, we have not Identified any malgrial uncertainties relating lo events or ¢ondilion$ that, individually or collectlvely, may ca81 signlficant doubl on the charity's ability lo continue as 8 going concern for 8 period of8t least thlve month8 from when the finan¢i81 $ts1omenls are aulhorised for issue. Our resp0nslbille3 8nd ltte respon8ibllitie8 ol the tru81ees with re8poGI lo golng ¢on¢om are described in the rolevant s¢¢tion$ of Ihl8 report. othor Inforrnatlon The other Information cornprig88 the infomiation included in the Iruslees, annual report, other than the financlal stslements and our oudrtor'$ r¢ptsrt Ihereon. The Iruslees are responsible for Ihg other information. Our oplnion on the financial statements does not cover the other information and we do not express any form of assurance condusion Ihereon. Our re5ponsibilty is to read the other Infomialion and, in doing 50, consider whether the other information is materially ineonsislenl wtth the financial st8temenls or our knowledg6 obtained in the Coufse of the audit or otherwise appears to be malerialty misstated. If we identify such material inconsistències or app8nt material misslalements, we are required lo detemilne whether this gives rise lo a material misslalemenl in the financial stslemenls themselves. If, based on the work we have pertomied, we conclude that there is a malenal misslalement of this other informalKJn, we are required lo port that fact. We have nothlng lo report In this regard.
THE ROCKSPRING CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORTTO THE TRUSTEES OF THE ROCKSPRING CHARITABLE TRUST {continu&d...I Matters on vthlch we ar• r•quirnd to report by exception We have nothing lo report in respect of the following matters in relation lo whi¢h the Charities IAccounts and Roportsl Règulali¢)ns 2008 require us to iewt lo you if, in our opinion.. the information given in the trustees. report is inconsislenl in any matenal respect wrth the financial sialemenls,. or • sufficient accounting e0rd6 have not been kept,. or the financial ststements are not in agreement with the accounng rècords.. or • we have not received all the Informatlon and explan8tlon8 we requlre for our audll. Re8ponslbllltles of truste0¥ As explained more fully in the trustees. re8pon8ibilits.es 5tstsmenl sèl out on p8ge 4. the trustees are r88ponsible for the preparation ol the financial statements and for being satisfied that they give a true and fair view, and for such Inlefnal control a8 the Iruslees determine is necessary lo enabb the preparallon of financial ststemenls that or8 frèa Irom malerlal misstslement. whether due to fraud or error. In proparing th¢ financi818lalemenl8, the Iru8tee8 are respS1b1e for 888e8sing the charfty's abillty to contlnu as a going concern, dlscloslng. as applic8bl8, matters related to going concern and using th& going concern bo$i$ of accounting unle88 Ime Iruslees elther intend lo liquldale the charity or lo Gease oper81ion$, or have no realist 8118rnalive but to do so. Audltor r••ponslbllltlg8 for th• audlt of the flnanclal 8tstom•nts We have b?en gpptsinlo¢J 8$ auditor undèr sectbn 144 of the Ch8rftle8 Act 2011 and report In aGGordon¢e with e Act and r¢l¢v8nt r¢gulallon8 made or havlng effect thereunder. Our objective¥ are to obtain reasonable a8surance about whether the financlal statements 88 a vthole are free from m8t¢rial mis818temenl. whether due lo fral or error, and to issue an audllor's report that includes our opinion. Reosonable assurance is 8 high l&vel of a88ur8nce, but is not a guarantee that an audit conducted In a¢¢ordance with ISAS IUKI will 81ways delect a material misslatemenl when rt exi515. Misslalements can arise from fraud or error and are considèred material If, individually or in the aggregate, Ih¢y Could reasonably be eXptad lo influonee the economlc deeislons of users taken on the basis of these flnanclal 81alemenl8. Irregul8fllies. including fraud, are instanc88 of non-compllance wllh law8 and regulations. We design piocedures in line with our responsibilities, outlined above, lo detect material misslalemenls In respect of irregularitiès. including fraud. The extenl lo whi¢h our procedures are capable of detecling irregularits'o$, including fraud 18 detailed below.. Enquiry of management, those charged with governance and the entity's sollcllors around actual and palenlial liligalion and claims., Rgviewing minulo$ of meellng8 of those charyed wllh govemance., Revlewlng financial statement disclosur95 and testing lo $upporting dccumentalion to assess compliance wlth applicable laws and regulations. Perfoiming audit work overthe risk of managernent override of controls, including lesling ofjoum81 enlrles and other adiuslments for approprlaleness, evaluating the business rationale of significant trangaclions outside the normal course of business and reviewing accounts'ng e5tsmales for bias. Because of the inherent limitations of an audit, there is a risk that we will not delecl all iegularitIes, including those leading lo a material misstalemenl in the fi"n8ncial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the evenl8 and 1rans8cb.ons reflected in the financial statements, as we IMII be less likely lo become aware of instances of non-compliance.
THE ROCKSPRING CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE ROCKSPRING CHARITABLE TRUST (continued. .1 The risk is also greater regarding irreguladties occurring due to fraud rather than error. a8 fraud Involves intentional concealment, forgery, collusion, omission or misrepre8enlation. A further descriw'on of our responsibilities hll s'.Ilwww.trc.or .ukllibra Islandards-codes- description forms part of our auditor's report. is available on the FRC'S website al: hic 18udilors-res We communicate w(th those charged with govefnance Tegarding, among other matters, the planned scope and timing of the audit and significant audit rinding$. includlng any si9nilicanl deficiencies in inlornal control that we identify dunng Ouf audit. Use of our rnport This report is made 801ely lo the ¢harily's trustee8, 88 8 body. in accordance with Part 4 of the Chartties (Accounts and Reports) Regulab'ons 2008. Our audit work has been undertaken so that we might stsle lo th charity's. trustees those matters we are required lo statè lo them In an audrtor's report and for no other purpose. To the fullest extent permilled by law, we do not aept or as8ume responsibility lo anyone other than the charity and the charity's tru$le88 a8 8 body. for our audrt work, for Ihi5 report, or for the opinlons we h8ve fomed. Emily Ball-Goldfin¢h ACA For and on Èehall of Oaffems Audlt Umited Chartered Accounlonls St8tut(xy Auditor One Eastsv¢Jod H8ry Weston Road Binley Buslness Pork Coventry CV3 2UB Dale 3o.Ap.(.w .2028
THE ROCKSPRING CHARITABLE TRUST STATEMEPIT OF FINANCIAL ACTIVrnES forthe year ended 31 December 2025 Expendable endowment fvnd General fund 2025 Totsl 2024 Totsl Notes INCOME AND END0%ENTS. Settlements 1,400,047 1,400,047 448,121 Investment incomtr 110,895 110,895 121,597 Olhgr Int>)me TOTAL INCOME AND ENDOWMENTS 110,895 1.400.047 1,510,942 569,718 EXPENDITURE ON,, Raising funds Investment management fees 20,868 20.868 18.745 Chantable ActiV.a5 Grant axpandllure Grant related support CO818 135,259 16,820 135,259 16.820 130,089 6,997 TOTAL EXPENDITURE 172,947 172,947 155,831 NET {EXPENDITUREIIINCOME BEFORE OTHER RECOGNISED GAINS & LOSSES 182,052) 1,400.047 1,337,995 413.887 NET {LOSSESIIGAINS ON INVESTMENTS 6 405,927 405,927 {37,3721 TRANSFERS BETWEEN FUNDS 100,OCQ (100,0001 NETMoveMENT IN PUND8 37,948 1,705,974 1,743,922 376,515 RECONCILIATION OF FUNDS Fund bala[e& brought forward 47,909 5,313,483 5,381.392 4.984,877 Fund bala83 carrfed fCard 85,857 7,019.457 7,105.314 5,361,392 All operations of the charty o)ntinued throughout the pefiod and no operations Yre acqulred or dl8conb'nued. AJI recognised gains and losses during the year are included within the Stalemenl of Financial Activities. The accompanying notes forn an integral part of this Stslement of Financial Atles.
THE ROCKSPRING CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES forthe yearended 31 December2024 Expendable en¢Jowment fund General 2024 Total Notes INCOME AND ENDOWMENTS: S8tUements by Mr & Mr8 Plummer 448,121 448,121 Investment income olr Income 121,597 121.597 TOTAL INCOME AND ENDOWMENTS 121,597 448,121 569.718 EXPENDrruRE ON: Raising fuTrJ$ Invgslmenl management fees 18,745 18,745 ChaTitable Activlties Grant expenditure Grant related support co¥ts 130,089 6,997 130,089 6,997 TOTAL EXPENDITURE 755,831 155,831 NET IEXPENDITUREYINCOME BEFORE OTHER RECOGNISED GAINS & LOSSES 134.2341 448,121 413,887 NEf ILOSSESIIGAINS ON INVESTMENTS 137,372 137.3721 TRANSFERS BETWEEN FUNDS 60,000 160,000 NEf MOVEMENT IN FUNDS 25,768 350,749 376.515 RECONCIUATION OF FUNDS Fund baknG8s brought forward 22,143 4,962,734 4,984,877 Fund baLqnces carried forward 47.909 5.313,483 5,361.392 AJI operations of the charity Gontind throughout th$ period and no operations were acquired or di¥tinued. All recognised gains and lo$se5 during Ihg ygar are induded within the Stslement of Financ1 Aclivllies. The accompanying notes form an integral part of this Statement of Financial Actlvllie8.
THE ROCKSPRING CHARITABLE TRUST BALANCE SHEET as at 31 December 2025 2025 INVESTNENT ASSETS Investment propety Investment Ca8h aw81Ung investments 465,000 5,980,237 85,481 4,649,007 163,936 6.530,718 4.812.943 CURRENT AsseTS Debtors and prepayments Cash al bank 584,927 562,481 584,927 562,481 UABIUTIES.. Amounts falling due thin one year 110,331) 114,0321 NET CURRENT ASSETS 574,5 548,449 NeT ASSETS 7,105.314 5.361.392 FUNDS OF THE CHARITY: Expendable endowm8nl fw General fund 7,019,457 85.857 5,313,483 47,909 TOTAL CHARITY FUNDS 7,105,314 5,361,392 The financlal statements on page¥ 8 to 16 were apFxoved by the tru8lee8 on .eQ. Not.¥l£.ot(o.. aThJ $h3ned by:_ R.M. PLUMMER F.J. PLUMMER G.H. CARTER S.E. FLOYD The notes on pages 12 10 16 form part of these financial statements. 10
THE ROCKSPRING CHARITABLE TRUST STATEMENT OF CASH FLOWS forthe year ended 31 Decembgr 2025 1 DeCemr 2025 31 Decem 24 otes Cuh Flow from Operatlng Actlvltl•s 1,223.399 308,202 Cash Flow from Investlng Actlvtti Payments lo acquire investments Payments lo aequire inveslmenl properti85 Interest reeeived DNidends received Receipts from disposal of inveBtments 11.286,280) 1465,OC4J) 5,954 104,941 340,977 (2,738,499 14.751 106,846 2,570,364 Net C•sh Flow from Invostlng ActlvStl6s 11,279,408) 144,5381 Nol Ca8h Flow from Flnanclng Actlvltlos Incrn••e In ca8h and cash equlvalents 156.0091 261,664 Cish and ca•h wulvalents at 1 January 2026 726.417 464,753 CMh and c•Jh equlvahnts •t 31 DKomb•r 2025 670,408 726.417 Cash and cMh •qulvalgnt• con•lst• of: Coyh 81 bank Cash &Wan0 Inve8tment 584,927 85.481 562,481 163,936 670.408 726,417
THE ROCKSPRING CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS forth& year ended 31 Decamber2025 ACCOUNTING POLICIES Basls of accounting The Rockspring Chantable Trust is an unincorporated charity registered in England. The address of the re9islered Offi is given in the charity information on page 1 ofthese financial statements. The nature of the charity's cratIonS and principal activities are recorded on pagg 2. The charity conslilutes a public benefit entty 88 defined ty FRS 102. The financial slaternents have been prepared in accordance with Aceounthng and Reporting by Charities.. Slalemenl of Recommend&d Pr8Ctiee applicable to charbties preparing their accounts in aCcdanCe wlh the Financial Reporting Standard applicable in the UK and Republic ol Ireland issue¢J in October 2019. the Financial Reporting Standard applicable in the United Klngdom and Republic of Ireland IFRS 102), Ihe Charities Act 2011. and UK Generally Accepted Accounting Practie. The financial statements have been PrePad lo glve a Irue and fair. vlew and h8ve departed frem the Charitie8 (Accounts and Report81 Regulations 2008 only to the exlenl required lo provKle a 'tru8 and fair Vi,. This departure has involved fdlowing the Accounting and Reporting by Charltie8'. Stslemenl of Recommended Practice 8pplicable lo chadties preparing their accounts in accordanc8 wlth the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 issugd in October 2019 rather than the Accounts'ng and Reporting by Charili&s'. Statement of Recommend¢d Prath"ce effective from 1 April 2005 which has since been withdrawn. The finandal statements 8re prepared on a golng concem basis under historical co81 convention, modified lo include certain ilfjms al fair value. The financial statements 8re wesenled in slerflng whkh18 the luncts'onal currency ol the Charity and rounded lo the nearest £1. Tha significant accounUng policies applled In the prepwation of these finandal sLilemenls are set out elow. These policies have bogn consistently applied lo all years presented unless otherwise staled. Income All Incoming re80urcey are included In the Statement of Flnancial Activitie5 {SoFAI Wh the eharty 18 legally gnlilled lo the Income after any performance condf(ions have been met, the amount can be measured reliably and it is probable that the inccffle will be received. ExpdItUre All expenditure 15 accountsd for on an accfuals basis and has been classified under heading8 that aggregate all costs r91aled lo the category. Expenditure Is recognisod where there is a al or constructive oblig81ion lo make payments lo third p8rties, 11 Is probable that the settlement will be requlred 8nd the amount of the oblvjalion c8n be moa$ured reli8W. 11 Is categorl8ed under the following headings.. Costs of raising fund8'. Expenditure on Charable actfvRles', and Other expen¢Jilure represents those items not falliThJ into the categories aljove. Irrecoverable VAT Is charged 88 an expense against the activity for whh expendllure arose. Grants payable to third parties are within the charrtable ot4'ectNes. Where unconditional grants are Offed, this is accr as soon asthe recipient is notified of the grant, 8Sthisgives rise loa reasonable expectatlon that the recipient will receive the grants. here gr8nts are coThlrtional relating to performan¢e then the grant is only accrued when any UnftJl1Ied conditions are outside of the control of the charity. Support eosts These cgmprise administration and acCntarY costs. Th8 majorty of these costs Sup1 the grant- making acbvty and are so allocated. A small proportion of support costs is allocated lo governance costs. The allrtstion of support costs Is made on an ests'm8t6 of lime spent on the tsvo acbvities. 12
THE ROCKSPRING CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS for the year ended 310ecember 2026 ACCOUNTING POLICIES Icontlnued} Governance costs Governance costs eomprfse all c08ts involving the put4ic accountability of the charfty and its compllance th regulation and good pr8dce. Fund accountlng As the trustees have the pr to dislribLrte b)th incomg and captal the funds of the trust are all unlestrled comprise.. Expendable ondoY•Thgnt fund The fund represents monies allocated by the Iruslegs as Gapital. The nomial policy of the trustees is lo retain cap¢tal in an endowment fund in order lo generate income from which grants are made. The fund Is represented by the c8ph81 Investments induded in fix a8sets leBs any appropdate ¢xeditor. Gonoral fund The general fund represents the balance of any settbm9nl not allocated to the erxlowment fund together inve81ment income le8¥ expendbture and grants awarded. Flxed asset Investments Inve81menls are recognised initially at fair value which is nomiolly tho tran8aCtlon price excluding transath'oll costs. Subsequently, they are measured al fair valua with changes recognised in 'net gains I Ilosse81 en Inveslmen18' in the SOFA if the Shares are publicty Irod¢d or thelr lahr value can otherwlse be measured reliably. Other Inv88tments ore measured at C081 le8s impaimienl. Inv••thi•nt prop•rty Investment properties are measured al fair value at each roporting d8t¢ wllh changes in fair value recognI8ed in profit or1088. Th8 methods and significant assumptions used to ascertain the fair value of £465,000 and fair value movement of £nil Included in the profil for the year are as foll¢)w$'. £465,000 valuation completed by a Ihlrd party. D&btor• and c1Or* r•celvabl• I payable wlthln ODO ye•r Debtors and creditor8 wlh no slated inlere8t rale and receivablo or payable thIn one year are recorded 81 Iranyactlon prlce. Any losses arlsing from Impalrmenl 8re recognlsed In expenditure. Golng conc•m The financial statements have been prepared on 8 golng concem basis as the trustees believe th81 no material uncertainties exist. The Iruslee5 have considered the level of funds held and the expected level of income and expenditure for 12 months fr¢m aulhorising these ffinanclal 8lalemenls. The budgeted incom8 and expendllure is sufficient with the level of reserves for the eharity lo be able to continue as a gtyng concern.
TPIE ROCKSPRING CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2026 2. TANGIBLE FIXED ASSETS 2025 2024 Cost or valuation.. At l J8nu8ry 202S Additions Dispos818 465,000 At 310ecember 2025 465,000 Depree4ation". At l January 2025 ReVaath.0n At 31 Oecember 2025 N8V.' At 31 Deeember 2024 At 31 Oecembw 2025 485,OC INVESTMENT INCOME 2025 202 Quoted Inv•stment Unquoted Inve8tmenl Interest on c8sh daFKJ8118 74,941 30,000 5.954 76,848 30,000 14,751 110,895 121,597 GRANTS The fdlowng grants were awarded durlng the yw. Amber Tru81 Awards Prowamme 30,000 Kensington & Chelso9 SMART Nucleo West Lon(kni Action for Chiklren 7,000 36.200 24.000 Victrria & Albert Families Programme 10.000 Cidermill Academy Theatre Trust 28,059 135.259 14
THE ROCKSPRING CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 Docomb&r 2025 ALLOCATION OF SUPPORT COSTS Grant Making Legal and wofessional fees Accountancy and advisory Audblor fee- governance cost Bank charges Forgign exchange rats difference 7.167 10,612 5.148 611 116.5411 10.948 5,400 607 11351 16,820 6,997 No Tru81ee or person wllh family or bu85ne8s eonnectlon8 wlh Ihe Trustees r8C8Ned any remunerauon or expenses during the yoar12024.' £NIII. INVESTMENT uoled Market value at 31 December 2024 Acquisitions Dispos818 Revaluatbn 3,604,007 331,233 {340,977) 405,927 1.045,0 935,047 4.649,007 1,266,280 {340.9771 405.927 Mart(el value ot 31 Dec6mb¢r 2025 4.000,190 1,980,047 5,900,237 Unquoted investments repre8ent hvo Bhare8 in Misrimuna Investments Limhad, one of vthlch was dcffjated to the charity ty Mrs M D Plummer's 2003 Discretionary Trust by o 0¢od of EIntment dated 2 AugLMt 2022, and one ofwhich was donated lo the tharty by Mr R Plummer on 1 JU 2025. 15
THE ROCKSPRING CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS for the ye•T ended 31 Dec•Mr 2026 CREDITORS 2025 2024 Wthin one year.. A¢¢rual$ 10.331 14,032 10,331 14,032 ANALYSIS OF NET ASSEfs BEfwEEN THE FUMD8 ExpendabL8 endowment General Flxed 888et Inv68tments Other nel assets 8,530,718 488,739 8,530,718 574,596 85,857 85,857 7,019,457 7.105,314 RECONCILIATION OF NET INCOME i IEXPENDITURE} TO NET CASH FLOW FROM OPERATING ACTIVITIES Opgrating Income l {exditUr•I for parbod Dlvldends received Interest receNable Losses on investments Ilncreasel I decrea$¢ in debtorg Increase I (decre8) in creditors 1,743.922 {104,9411 15,9541 {405,9271 376,515 {1Ce,848 114,7511 37,372 8,443 5,469 (3,701) Net cash from operating aCIN?8 1,223,399 306.202 10. RELATED PARfY TRANSACTION Durlng the year Mr R. M. Plummer 8ThJ Mr8 F. J. Plummer sellled £1,4CO.04712024.. £448.1211 on the charlty. The ch8rity P81d £0 {2024.' £7,167) in respect of professional seNlc88 to RWK G(dMan LLP, a fimi In vthlch Su8an Floyd Is 8 801icf(or. 11. CONTROLLING PARTY The charity is controtled by 115 Trustee8. 16