Docusign Envelope ID: 40A77C5A-2E91-4413-8728-A141DAD2BF92
Charity number: 1186330
THE ELLA ROWCROFT ENDOWMENT TRUST
(A CHARITABLE INCORPORATED ORGANISATION)
TRUSTEES’ REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Docusign Envelope ID: 40A77C5A-2E91-4413-8728-A141DAD2BF92
THE ELLA ROWCROFT ENDOWMENT TRUST
CONTENTS
| Page | |
|---|---|
| Reference and Administrative Details of the Charity, its Trustees and Advisers | 1 |
| Trustees’ Report | 2 – 6 |
| Independent Examiner’s Report to the Trustees | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Notes to the Financial Statements | 10 – 15 |
Docusign Envelope ID: 40A77C5A-2E91-4413-8728-A141DAD2BF92
THE ELLA ROWCROFT ENDOWMENT TRUST
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025
| Trustees | S Scott-Bryant, Chair |
|---|---|
| H E Boyd | |
| C M Edwards | |
| D Rohwedder | |
| M J Seabrook Clark | |
| S J Walker | |
| Charity registered | |
| number | 1186330 |
| Registered office | Rainbow House |
| Ella’s Gardens | |
| Avenue Road | |
| Torquay | |
| Devon | |
| TQ2 5LS | |
| Independent examiner | Neil Hitchings FCA |
| Francis Clark LLP | |
| Chartered Accountants | |
| Centenary House | |
| Peninsula Park | |
| Rydon Lane | |
| EXETER | |
| EX2 7XE | |
| Bankers | Nat West Bank PLC |
| PO Box 69 | |
| Riviera House | |
| Nicholson Road | |
| Torquay | |
| TQ2 7YL |
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Docusign Envelope ID: 40A77C5A-2E91-4413-8728-A141DAD2BF92
THE ELLA ROWCROFT ENDOWMENT TRUST
TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025
The Trustees present their annual report together with the audited financial statements of The Ella Rowcroft Endowment Trust (‘the charity’) for the year ended 31 March 2025. The Trustees confirm that the annual report and unaudited financial statements of the charity comply with the current statutory requirements, the requirements of the charity’s governing document and the provisions of the Statement of Recommended Practice (SORP FRS 102) “Accounting and Reporting by Charities” effective 1[st] January 2019.
OBJECTIVES AND ACTIVITIES
a. Policies and objectives
The charity was established in November 2019 with the sole objective of supporting the ongoing activities of Rowcroft Hospice by establishing, building and investing an endowment fund. The charity will benefit the community of Torbay & South Devon through direct financial support to the hospice with proceeds from this fund, enabling the hospice to continue to deliver and expand its specialist care and support to those who need it, free of charge.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
b. Activity, achievements and plans
The Trustees continue to be focused on developing the endowment. Rathbones are engaged as the investment manager for the charity, overseeing and administering the portfolio on behalf of the Trustees and review the investment strategy with the board annually.
The Trustee Board recognise that cultivating philanthropic income and building the endowment to deliver significant returns will take time. Work has continued with Rowcroft Hospice in developing opportunities and engaging with potential donors for the endowment fund to attract donations; however, the Trustees acknowledge that this is a long-term undertaking.
The Trustees are very sensitive to the need to balance the immediate funding needs of the hospice including support requests for capital expenditure projects in the short term, and the philanthropic request for the hospice’s long-term sustainability via the endowment fund.
The Board continues to be grateful to Ms Judy Fitzgerald for acting as an ambassador for the charity and working to help raise awareness of the endowment proposition and cultivate support
c. Fundraising activities and income generation
The Trustees monitor fundraising practices on an ongoing basis through regular meetings between the Chairperson and Chief Executive of Rowcroft Hospice and at Trustee Board meetings.
We believe in the highest possible standards for our fundraising, considering supporters’ preferences in all of our activity. Ensuring that all of our activity is compliant with regulatory standards and in line with the intent of those standards.
The charity adopts the Fundraising Regulator standards and is committed to the Code of Fundraising practice. During the year the charity received no formal complaints arising from our fundraising activity.
To make a donation or find out more about more about the charity and the impact your donation will have, please visit https://ellarowcroft.org.uk/
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Docusign Envelope ID: 40A77C5A-2E91-4413-8728-A141DAD2BF92
THE ELLA ROWCROFT ENDOWMENT TRUST
TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
FINANCIAL REVIEW
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
b. Total funds
Total funds at 31st March 2025 of £1,026,836 [2023/24: £982,129].
Incoming resources can be summarised as follows:
| • | Fundraising income | £ 45,000 | 64% |
|---|---|---|---|
| • | Investment income | £ 25,762 | 36% |
| • | Total income | £ 70,762 |
Expenditure in the year of £4,598 [2023/24: £7,892].
(Losses)/Gains on Fixed Asset Investments of £(21,457) [2023/24: £64,379].
The Trustees wish to record their appreciation to Rowcroft Hospice and to our generous donors for their continued support.
Thank you.
c. Investments policy
Investment Objectives
The Trustees of The Ella Rowcroft Endowment Trust intend that the real value of their assets and funds be maintained and enhanced over the medium to long term (5 years) by investment in a portfolio comprising equities, fixed income stocks, land, property, cash and alternates. The aim is to achieve the best financial return within an acceptable level of risk.
The charity adopts a total return approach to investment, generating the investment return from income and capital gains or losses.
Attitude to risk
The charity requires the investment return to meet the charitable objective: to support the ongoing activities of Rowcroft Hospice by establishing, building and investing an endowment fund.
The Trustee Board are able to tolerate volatility of the capital value, as long as the charity is able to meet its long- term objective of capital growth and investment to provide an annual donation to Rowcroft Hospice.
Liquidity Requirements
To allow for volatility of capital values, the Trustee Board wish to maintain at least £100k in cash or lower risk liquid investments to support cash flow needs.
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Docusign Envelope ID: 40A77C5A-2E91-4413-8728-A141DAD2BF92
THE ELLA ROWCROFT ENDOWMENT TRUST
TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
FINANCIAL REVIEW (continued)
d. Investments policy (continued)
Time Horizon
The charity is expected to exist in perpetuity and investments should be managed to meet the charitable objective and ensure this sustainability. The Trustee Board can therefore adopt a long-term investment time horizon.
Investment Brief
In order to meet these objectives, the Board appointed an investment manager as their agent to manage a diversified portfolio of suitable investments on a discretionary basis. The specific restriction relates to the noninvestment with any organisation undertaking the manufacture of tobacco.
The proportion of the portfolio invested in equities, fixed income stocks, land & property and cash shall be reviewed with the investment manager from time to time to agree a suitable mix for the coming period. It is anticipated that such a review will take place at least annually.
Review/Reporting
The Board will regularly consider whether there is a need to revise this Policy Statement and keep under review the arrangements under which the investment manager acts as our agent.
The Board require valuations on a quarterly basis and a year-end report containing detailed information relating to income and gains for use by the charity’s auditors.
STRUCTURE, GOVERNANCE AND MANAGEMENT
a. Constitution
The charity (Number 1186330) is registered as a charitable incorporated organisation (CIO) with the Charity Commission for England and Wales, incorporated on 13 November 2019, and is governed by its CIO Constitution document date 16 June 2022. It is led by a Board of Trustees, details of which are given on page 1.
b. Methods of appointment or election of Trustees
The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the CIO Constitution.
The Board consists of Trustees who are nominated from the Rowcroft House Foundation Ltd (Rowcroft Hospice) Trustee Board (‘Nominated Trustee’) and those appointed by the Board of Trustees via an open recruitment process inviting applications from those with appropriate skills, experience and/or qualifications (‘Appointed Trustee’). Rowcroft Hospice may nominate up to three Nominated Trustees.
With the exception of the founding Trustees who have staggered first terms, Trustees are appointed for a three year term which is renewable up to a further two terms of three years. Each term is determined by election at a General Meeting.
A Nominated Trustee automatically ceases to be a Trustee should they resign or retire from the Board of Rowcroft Hospice. However they may choose to stand for re-election as an Appointed Trustee to continue their existing term should there be a vacancy on the Trustee Board.
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Docusign Envelope ID: 40A77C5A-2E91-4413-8728-A141DAD2BF92
THE ELLA ROWCROFT ENDOWMENT TRUST
TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT (continued)
c. Induction and training of Trustees
All newly appointed Trustees undergo induction which includes a discussion with the Chairperson, other Trustees and the key members of the Rowcroft Hospice Executive Team (to understand more about the hospice as sole beneficiary of the charity). Relevant documentation is made available to all Trustees on an ongoing basis, including the CIO Constitution, previous Trustee Board meeting minutes/papers and all relevant policy documents. As our Trustees play an active role in fundraising for the charity. They are provided with relevant resources from the Fundraising Regulator.
d. Organisational structure and decision making
The Board of Trustees are responsible for all aspects of the charity operations and ensuring compliance with internal governance and external regulations and legislation.
Whilst the charity currently has no executive function or employees of its own, the Trustees are supported by relevant personnel of Rowcroft Hospice. Namely the Chief Executive, Senior Finance Manager, Philanthropy team and Company Secretary. The Trustees remain open to opportunities to secure additional resource to further support fundraising activity on either a pro-bono or secondment basis.
Rowcroft Hospice provides the charity with key operational support services, as required, on matters of governance, finance, IT, marketing and fundraising. The Trustees wish to express their gratitude to the Rowcroft Hospice Board of Trustees for continuing to provide this support without additional charge to the charity until 31 March 2025 to enable it to establish itself.
The charity and Rowcroft Hospice collaborate on fundraising activity to ensure careful curation of activity so not to undermine each other’s efforts as well as enable a flexible approach to donor wishes to maximise potential opportunities for both charities. Collaborative activity and support services are governed by a Memorandum of Understanding between the two charities.
The Chairperson meets with the Rowcroft Hospice Chief Executive regularly to maintain strong communication and engagement between the two charities.
e. Principal risks and uncertainties
The Trustees consider the principal risks and uncertainties to the charity:
-
Health and economic environment of the UK and in the South Devon region during the current cost of living crisis in the UK
-
Increased competition for donations and voluntary support amongst charities. The Board monitor all expenditure on a regular basis to ensure that costs do not fall out of line with income levels.
-
The length of time to engage High Net Worth donors, trusts and corporates and successfully realise a gift.
-
Reputational risk from events and fundraising. The Trust adopts the Fundraising Regulator standards and is committed to the Code of Fundraising practice.
-
Trustee retention and attraction. The Trust Board will monitor, review and manage Board membership on an ongoing basis.
-
Financial risk. The Trust will invest reserves on the stock exchange to increase return on investments. Investments to be managed by expert advisors and reviewed in line with policy. The investment policy seeks returns not at the expense of capital or liquidity.
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Docusign Envelope ID: 40A77C5A-2E91-4413-8728-A141DAD2BF92
THE ELLA ROWCROFT ENDOWMENT TRUST
TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The Trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period.
In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities 2019 (FRS 102);
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards have been followed, subject to any material departures
-
disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, the Charitable Incorporated Organisations (General) Regulations 2012 and the provisions of the CIO constitution document. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by:
................................................
S Scott-Bryant Chair of Trustees
Date: 22 December 2025
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Docusign Envelope ID: 40A77C5A-2E91-4413-8728-A141DAD2BF92
THE ELLA ROWCROFT ENDOWMENT TRUST
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
I report to the charity trustees on my examination of the accounts of the Charity for the year ended 31 March 2025.
Responsibilities and basis of report
The trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act. In carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner’s statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination:
(1) which gives me reasonable cause to believe that in any material respect the requirements:
-
to keep accounting records in accordance with section 130 of the Charities Act 2011; and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
...................................... Neil Hitchings FCA Independent examiner
Francis Clark LLP Centenary House Peninsula Park Rydon Lane Exeter EX2 7XE
Date:. 22 December 2025
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Docusign Envelope ID: 40A77C5A-2E91-4413-8728-A141DAD2BF92
THE ELLA ROWCROFT ENDOWMENT TRUST
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025
| Notes Income from: Donations and legacies 3 Investments 4 Total income Expenditure on: Raising funds Charitable activities 5 Total expenditure Net movement in funds before other recognised gains Other gains/(losses) Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted Funds 2025 £ 45,000 25,762 70,762 - 4,598 4,598 66,164 (21,457) 44,707 982,129 44,707 1,026,836 |
Total Funds 2025 £ 45,000 25,762 70,762 - 4,598 4,598 66,164 (21,457) 44,707 982,129 44,707 1,026,836 |
Total Funds 2024 £ 15,000 21,918 |
|---|---|---|---|
| 36,918 | |||
| - 7,892 |
|||
| 7,892 | |||
| 29,026 64,379 |
|||
| 93,405 | |||
| 888,724 93,405 |
|||
| 982,129 |
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on page 10 to 15 form part of these financial statements.
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Docusign Envelope ID: 40A77C5A-2E91-4413-8728-A141DAD2BF92
THE ELLA ROWCROFT ENDOWMENT TRUST
BALANCE SHEET
FOR THE YEAR ENDED 31 MARCH 2025
| Note Investments 8 Current assets Debtors 9 Cash at bank and in hand Creditors: amounts falling due within one year 10 Net current assets Net assets Charity funds Unrestricted funds 11 Total funds |
2025 £ 1,005,064 1,005,064 2,999 31,530 34,529 (12,757) 21,772 1,026,836 1,026,836 1,026,836 |
2024 £ 884,392 |
|---|---|---|
| 884,392 1,250 107,134 |
||
| 108,384 (10,647) |
||
| 97,737 | ||
| 982,129 | ||
| 982,129 | ||
| 982,129 |
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
S A Scott-Bryant Chair of Trustees Date: 22 December 2025
The notes on page 10 to 15 form part of these financial statements.
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Docusign Envelope ID: 40A77C5A-2E91-4413-8728-A141DAD2BF92
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
THE ELLA ROWCROFT ENDOWMENT TRUST
1. GENERAL INFORMATION
The Ella Rowcroft Endowment Trust is a charitable incorporated organisation, registered in England and Wales. The trustees of the Charity are named on page 1. The registered number of the charity is 1186330. The registered office is Rainbow House, Ella's Gardens, Avenue Road, Torquay, Devon, TQ2 5LS.
2. ACCOUNTING POLICIES
2.1. BASIS OF PREPARATION OF FINANCIAL STATEMENTS
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The Ella Rowcroft Endowment Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2. GOING CONCERN
The Trustees assess whether the use of going concern is appropriate, i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the Charity to continue as a going concern. The Trustees make this assessment in respect of a period of at least one year from the date of approval of the financial statements. No material uncertainties related to events or conditions that may cast significant doubt about the ability of the Charity to continue as a going concern have been identified by the Trustees.
2.3. INCOME
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received, and the amount of income receivable can be measured reliably.
2.4. EXPENDITURE
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs 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 apportioned 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 allocated on the portion of the asset’s use.
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Docusign Envelope ID: 40A77C5A-2E91-4413-8728-A141DAD2BF92
THE ELLA ROWCROFT ENDOWMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
2. ACCOUNTING POLICIES (continued)
2.4. EXPENDITURE (continued)
Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
2.5. INVESTMENTS
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of financial activities.
2.6. DEBTORS
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
2.7. CASH AT BANK AND IN HAND
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.8. LIABILITIES AND PROVISIONS
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
2.9. FINANCIAL INSTRUMENTS
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
2.10. FUND ACCOUNTING
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Investment income, gains and losses are allocated to the appropriate fund.
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Docusign Envelope ID: 40A77C5A-2E91-4413-8728-A141DAD2BF92
THE ELLA ROWCROFT ENDOWMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
3. INCOME FROM DONATIONS AND LEGACIES
| Donations TOTAL 2024 INVESTMENT INCOME TOTAL 2025 TOTAL 2024 |
Unrestricted funds 2025 £ 45,000 15,000 Unrestricted funds 2025 £ 25,762 21,918 |
Total funds 2025 £ 45,000 15,000 Total funds 2025 £ 25,762 21,918 |
Total funds 2024 £ 15,000 |
|---|---|---|---|
| Total funds 2024 £ 21,918 |
|||
4. INVESTMENT INCOME
5. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES
Summary by fund type
| Administrative expenditure TOTAL 2024 |
Unrestricted funds 2025 £ 4,598 7,892 |
Total funds 2025 £ 4,598 7,892 |
Total funds 2024 £ 7,892 |
|---|---|---|---|
6. EMPLOYEES
During the period the Charity had no employees.
7. TRUSTEES REMUNERATION AND EXPENSES
During the year, no Trustees received any remuneration or other benefits (2024: £nil). During the year, no Trustees expenses have been incurred (2024: £nil).
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Docusign Envelope ID: 40A77C5A-2E91-4413-8728-A141DAD2BF92
THE ELLA ROWCROFT ENDOWMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
8. INVESTMENTS
| COST OR VALUATION At 1 April 2024 Additions Revaluations At 31 March 2025 NET BOOK VALUE AT 31 MARCH 2025 AT 31 MARCH 2024 9. DEBTORS DUE WITHIN ONE YEAR Prepayments and accrued income 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Amounts owed to group undertakings Accruals and deferred income |
2025 £ 2,999 2,999 2025 £ 12,130 627 **12,757 ** |
Listed investments £ 884,392 142,129 (21,457) |
|---|---|---|
| **1,005,064 ** | ||
| 1,005,064 | ||
| 884,392 | ||
| 2024 £ 1,250 |
||
| 1,250 | ||
| 2024 £ 10,062 585 |
||
| 10,647 |
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Docusign Envelope ID: 40A77C5A-2E91-4413-8728-A141DAD2BF92
THE ELLA ROWCROFT ENDOWMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
11. STATEMENT OF FUNDS
Statement of funds - current year
| Balance at 1 April 2024 £ UNRESTRICTED FUNDS Reserves 982,129 Statement of funds - prior year Balance at 1 April 2023 £ UNRESTRICTED FUNDS Reserves 888,724 |
Income £ 70,762 Income £ 36,918 |
Expenditure £ (4,598) Expenditure £ (7,892) |
Gains / (losses) £ (21,457) Gains / (losses) £ 64,379 |
Balance at 31 March 2025 £ 1,026,836 |
|---|---|---|---|---|
| Balance at 31 March 2024 £ 982,129 |
12. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Analysis of net assets between funds - current year
| Fixed asset investments Current assets Creditors due within one year TOTAL Analysis of net assets between funds - prior year Fixed asset investments Current assets Creditors due within one year TOTAL |
Unrestricted funds 2025 £ 1,005,064 34,529 (12,757) 1,026,836 Unrestricted funds 2024 £ 884,392 108,384 (10,647) 982,129 |
Total funds 2025 £ 1,005,064 34,529 (12,757) 1,026,836 Total funds 2024 £ 884,392 108,384 (10,647) |
|---|---|---|
| 982,129 |
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Docusign Envelope ID: 40A77C5A-2E91-4413-8728-A141DAD2BF92
THE ELLA ROWCROFT ENDOWMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
13. RELATED PARTY TRANSACTIONS
The Charity has taken advantage of the exemptions in FRS102 from disclosing transactions with other members of the group. There are no other related party transactions requiring disclosure.
14. CONTROLLING PARTY
The ultimate controlling party is Rowcroft House Foundation Limited, a charitable company registered at Rowcroft Hospice, Ella's Gardens, Avenue Road, Torquay, Devon, TQ2 5LS. Rowcroft House Foundation is the only charity in which the results of The Ella Rowcroft Endowment Trust are consolidated.
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