REGISTERED COMPLYY NUMBER: 13091863 (England and Wales) REGISTERED CHARITY NUMBER: 1193191 REPORT OF THE TRUSTEES AND UNAUDITED FtNANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 FOR THE ROSE PATERSON TRUST Malthouse & Company Chartered Accountants & Business Advisers Malihous¢ & Company is the ddIng name of M31ihouse & Company Limited regi5teied in England no. 3576518. VAT re8l5niion tH). 926 7203 23 Rcgi51ered otTice.' America House. Rumford Court. Rumford Place. Liverpool L3 9DD Register¢d 10 Lany on audit work in the LK. re¥ulaied for a range of invesimcni business a¢¢ivilies. and Ii¢ensed io cany out the res¢Tred legal a¢ti%"ity ofnot)-conien120us probate in England and Wales by the Insiituie of Chartered A¢¢ountsrtts its England and Wale5.
THE ROSE PATERSON TRUST CONTENTS OF THE FINANCIAL STATEMENTTS FOR THE YEAR ENDED 31 DECEMBER 2023 Pag¢ R¢port of thc Trustecs Indcpcndcnt Examiner's Report Siat¢m¢nt of Financial Activities 10 Balancc Shc¢t Cash Flow Statement 13 Noies io Ihe Cash Flow Sialement 14 Notes to the Financial S¢at¢m¢nls 15 10 25 D¢iail¢d Siai¢m¢ni of Financial Activilics 26
THE ROSE PATERSON TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 The Èrusiees who ar¢ also directors of the charity for the purpose5 of thc Companies Aci 2006, present their r¢porl with the financial statements of the ¢lwity for the year endcd 31 Decctnbcr 2023. The trustees have adopled the provisions of Accouniing and Reporting by Charities.. Sraieiiieni of Rccoinmended Pra¢li¢¢ applicablc to charities pparing their accounts in accordan¢e wilh the Financial Reponing Stsndard applicabl¢ in the UK and Republic of Ireland IFRS 102} l¢ff¢ctive l January 20191. I)B.IECTIVES AD ACTIVITIES Obji'ctlVC5 and aims Th¢ ¢harity sc¢ks ihc promotion for public nefit of good physical and tllcntul hc8lih and lh¢ prevention andlor rcliLf of poor physical andlor menial ill h¢alih and suffering, by such charitable iiieans as thc trusi¢¢s may thiiik rii from lim¢ to tim¢, in¢luding but not limiied to.. Providing, or a55i5ting in ihe provision of, services or support relaied to suicid¢ prevenlion and bereavemen¢ suppon suLh as (but not limited tol adYiLe and counselling.%ervice¥- andlor IhL provision of granis andlor any oih¢r forn)$ of assi$iancc and supEx)n to such charilies and for such charitabl¢ projccts, services and aclivities as thc trusiccs may r¢gard as appropr5ai¢ froin limc io liine. The Rose Paterson Trust is a non-partisan organisation and does not seek to incul¢al¢ or promote a particular poini ol- vicw. It was established by the Palerson family following ihe deaih of Rose Paterson in June 2020 and s¢eks to raise and distribute lunds io support organisalions who work io prcvcnt suicid¢. During the period ended 31 December 2023. the charity receivcd donations of £202,097 (2022., £198.916) including gift aid. Page I
THE ROSE PATERSON TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 OBJECTIIIES AND ACTtVlTIES Signifieant activities Tlic Lhariiy was cstablished in 2020 following th¢ deaih olRosc Palcrson in June of thai year. Our mission is to support the organi5ations and individuals combatting the suicide epid¢mi¢. If we can help save just on¢ family t'i'oin the tragedy ol'sui¢ide, Ihis iniiiative will have been worth it. The Rosc Palcrson Trust has bcen born out of thc immense prid¢ Rose's family have in her and the depth of their dcspair ai fa¢ing lifc without h¢r. It is a privil¢g¢ (o present our third atu)ual rewirt. Th¢ Rose Paicrson Trusi has now cotnplelcd iwo rounds Of Griint making following several years of successful fundraising. It is w'ond¢rful (o lionour and reincii)bcr Ros¢ ii) Ihis way. by hclping 10 save many lives across (hc counlry. The Ro8e Paterson Trus¢ works with the CSJ Foundation to seek out some of the best suicide preveniion Lharilies and adminisier a pro8ramm¢ of Granls lu support iheir work. Each year we identify and 5onglist prospcttive grantees and Ca these applications through io payment of grani$ and progress reporting. Diiring 2022 w¢ supported scvcn suicide prevention charities with granis ioialliiig £131,000. OUT r¢ponin sl)owcd thai w¢ liclped the5¢ ¢harili¢s reach 850.000 p¢ople ihrough innovaiivc tcchnolo&y and a furfh¢r 8.164 PLople in person. li was reported ihai 7,388 lives had been ¢hanged, and ai l¢ast 231 lives direcily saved. W¢ Ivere delight¢d 10 share this Progress Report during 2023, which has bcen published on our website. Durii)g 2023 we nearly doubled our giving following successful fundraising initiaiives. We distributed grants (oialling £216,500 10 Iwelvc suicidc pr¢veniion charilics, fiv¢ of whoin wcrc Granlccs continucd fro111 2022. Our Chainnan, Owcn Pat¢rson, has coinmiii¢d time to Yisii Cach of ihese Grnnt¢¢s across lh¢ ¢ountry and has wiincsscd (hcir lifc saving work firsihand. Thc total granis are brokcn down as follows.. B¢o¢hy Head Chuplaincy Team £17,500. Bcardcd Fish¢rnien £17,500, Every Lite Maitcrs £15,000. If U CaT¢ Share Foundation £22.000. Kiiilsugi Hope £20,000, Pillar Kincardine £15,000, R',pple Suicidc Prevention £30,(K)O, Salute Her £15,000, Shropshire M¢nidl Health Suppo £III,UOO. Stable Livcs £20,000. Suicide Pr¢v¢ntion UK £17,51)O, Zest NTorfh¢rn Ireland £17,000. The Rose Pat¢r50n Trusi 2023 Giving Report. conlaining more details about each of thc bryantees. has bc¢n published on our w¢bsite. Towards the cnd of 2023 each of ihe grantees were asked 10 complclc a Progress Report. This docuincnt will be released throughout 2024. The hcadlin¢s show the Ros¢ Paierson Trust gt7nis helpcd the charities rca¢h an astoni%hing 1.15 million people. touching just over 73.000 people (with low impaci intcrvcntionsl. changing the lives of oi'er 14,000 people {with high impact iniervcntionsl and ultimaTely sal'ing 1,067 lives. It is likely that thcsc totals, particularly lives saved. is significanily highcr but gathering and quantifying this daia is complcx. Now having two su¢cessful rounds of gtani making complrted it is possible io present some cumulative figures. It is a pleasure lo shar¢ in this report that the grants mad¢ during 2022 and 2023 have hclpcd to reach 2 Inillioi) pcoplc, touch 81.546 liY¢s, change 21.794 lives, and savc ai leasi 1.298 pcople. Based on this infonnation w¢ are fulfilling our mission and saving maiiy families from thc tragedy of suicidc. Page 2
THE ROSE PATERSON TRUST REPORT OF THE TRUSTEES FOR THE YEAIi ENDED 31 DECEMBER 2023 OBJF.CTIVES AfsD ACTIVITIF.S The Trustccs would like to thkc this opportunity 10 thank the hard work of the charities and thank tlic gcnrrous suppon of our donors. Withoui th¢ ¢ompassion of our donors and the dedication of the frontline charitics thc above Tesults would noi be possible. Hundreds of wivc5, husbatmts, brothers. sisters, fathers, mothers. sons and daughtcrs would no( be alive loday. and thousands more would be sutyering. Fundraising cffort5 wer¢ ongoing throughout 2023. Felix Palcrson. Rose's eldcst son, complctcd a 4Rmil¢ run in 48hours. raising approximately £25.1N)O and gr¢aily increasing suicide awareness. Promotion of this fundraising ¢v¢nl was coordiiiatcd with the publication of ih¢ 2022 Progre55 Repon io iiiaxii)iise ih¢ reach of tl)c Trusi's mcssakic. Communications wer¢ scnl io all ihc Trust's supponers via cmail. and Fclix's run. the report, and profil¢s of thc 2022 grantL¢s proinoied on social media chanjicls. Laicr in the year, during the summer, another publicity campaign was launched. This was linked with ihe onnouncement ol. the 2023 Rose Paterson TNSI grdniees. The announcenient w&$ disiributcd to all Trust %upponers and sharcd widely on social media ¢hannels. followed by promoting ihe proliles of the individual grantee%. Throughoui 2023 the Trusi has ensured that successes and key events have been shared widely and ihe l-rust plaifonn us¢d io promoic the faniasii¢ grantccs io a wide audience. Plans hyv¢ b¢¢n set for funh¢r a¢iivities throughout 2024. This includcs lundraising dinncrs, au¢tions and oth¢r engyagLlllCnts with donors. Ned Paierson, Rose's second son. will be conducling a niardthon swim to raise dwareness and incom¢ for the Tru51. This will be unsupported in open waler and Cover a distance of I I miles. The pldn will be ¢0 coincide this wilh ihe final fundrai5in8 push for the 2024 grnniees and promo¢e the 2023 ProgTress Report. l-hroughoui 2023 ihc Trust has tak¢n considerablc s¢¢ps fotivards lo cnsurc processes coniinue lo dcvelop. Onc such examplc has b¢en the inlroduciiort of online application fomis and onlinc r¢porting toolq for giranlces. C¢nlral functions aiid opcraiional dclivcry rcmains sirong Ihrough th¢ partnership with ihe CSJ Foui)dation. Public benefit The trustees hav¢ r¢ferred to the guidan¢¢ contained in th¢ Charity Commission's general guidance on publi¢ benelit when reviewing their aims and objectives and whcn planning for lulur¢ aciiillities. ID pariicular the Iru.%iees consider how planned activilies ivill ¢oniribute lo ihe aim5 and objectivcs they have set. STRATEGIC RF.PORT AchlLiTremcnt and performance Charitable activlties During ihe year, donations (including gift Jidl w¢re received of £202,097. The iNste¢s considcr that the overall rc5ult lor the period is in line with expeclalion5. Page 3
THE ROSE PATERSON TRUST REPORT OF THE TRUSTEES FOR THE YEAii ENDED 31 DECEMBER 2023 STIUTEGIC REPORT Finaneial revie inxneial position The ¢hariiy relies on donations, investmeni income. and bank intcrest for income. The Statein¢rLi of Financial Aciivities is set out on pag¢ 10. Total incoming resourccs for (he p¢riod amounted 10 £210,983 12022.. £199.67]). Afier adminisirativc ¢xpenses and charitable expenditure of £248.506 {2022.. £159,702) and a loss on investincnts of £39,040, (2022.. gain £21.965) thc net deficit for ihc pcriod amounted 10 £76.563 (2022 8iirplus £61,934). Free rcscrvcs at 31 D¢¢einber 2023 total £481.122 (2022.. £557.6851- Thc trustccs have Jppoinied invesimcnt mana¥cment company Ruffcr LLP io a¢quirc ai)d dispose of invcstmcn¢s, a5 ¢hc trustccs require. Thc iiii'csttncnts are held 10 g¢i)craic incoii)c which is to b¢ applied ¢0 IneLI the charity's objccls. The truste¢s have weighed up the cash ryuir¢m¢nts of the Trust for the nexi 12 months prior to making invcstm¢nlS. They have adopied a policy uf holding a minimum of £50,000 eash ai bank io cover annual rurtning cosis plus budg¢ied amounts to be disiribuied gs part of its grant making s¢raie8y. Iiivcstment pollcy and objectii'e5 Tlic Rose Paterson Trusi's inv¢slment policy is to prcscrvc Lh¢ Capital value of funds which have bccn rctain¢d lor fu¢ur¢ disiribution. The Tru51ces have appoinied Ruffer LLP io n)anag¢ investment5 on bchall. of The Trust on a disLreiionary babis. This mJndat¢ prioriiises Lapital prescrvation. A s¢condary objecliye is Capital growth to niaintain the real value ol. hnve$imenl$ and. where suitsble, Incre ihe capilal available for fuiure disiributions. Th¢ ov¢rall aiiilLidc ioward invc51m¢ni risk is medium to low, bcsi d¢scrib¢d as balanccd to cautious. Inveslcd funds are dc.signai¢d for fuiurc granls. thcrcforc th¢ Trusiees will not takc unn¢cc8$3ry capilal risk. D¢ci8ions 'ill bc Inadc in uc¢ordance wilh profcssionol gutdance. which will considcr th¢ mandaic and rcquirLin¢nis of the TnL81 and the prevailing markci condiiions. All invcslmenls hcld arc diversified to i)iiligatC 5pc¢ifi¢ risk. Page 4
THE ROSE PATERSON TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 STRATEGIC REPORT Future plans Lookinbj ahead to 2024 thc TTUSi¢¢S are driven to keep the mom¢ntum of The Rose Patrrson TNst ovcr the pasi two years of grant making. Relaiionships with grani¢es are strong thanks io the dialogue through the CSJ Foundation and the visits conducted by ChaiTman Ow¢n Paierson. Tlic Trustecs arc imm¢ns¢ly proud of all scv¢n gran¢¢¢s from 2022 and ihc twel¢ grdnices from 2023, wilh fiillc grantces rcceiving repeat funding over both years. The Pai¢rson Family arc coininiiied io delICTing a third suLcessful round of granl making, aware ihai there 15 much work io be donc iii the fight against suicide. Maiiy livcs hav¢ bcen sJv¢d. but the tragedy of suicid¢ persists. For lh¢ 2024 grant process rweniy iwo applicants have been ideniificd. This includes (he twelve 2023 grant¢¢s and ien addiiional charitie5. The process will remain ihe same. with ihe iwenty two applicants invited to apply lolluwing a round of longlisting. Interviews will be used to delemiine suiiability for a grant, with th¢ Truslees making ihc uliimat¢ d¢cisions throughout ihe summer of 2024. As with previous years, grants will bc made on an unresiricied bases unless in exceptional circumstances. The oiily critcria placcd oil ¥rant¢¢s will bc io focu5 on 5uicid¢ preveniion work and io Coinplelc a ProgrLss Report oncc a six monih pcriod has bcen complctcd. To all ol. our supporters and donor5, to the seven 2022 grdntees, to (he tw¢lv¢ 2023 graniees. ¢0 lh¢ tw¢nly two 2U24 applicants, and i(Tr all oih¢r ¢harities comba¢iing 5ui¢ide across the UK,. Ihank you from The Ru5¢ Pul¢rson Trust. To anyonc sirubgling wilh suicid¢ id¢aiion and nienlal hcalih probl¢ms. know you are not alone ai)d h¢lp is ou¢ ¢h¢r¢. Th¢ Trust's mission is to 5UPPOrt ihc organisations and individuals ¢ombatting ihc sui¢id¢ ¢pidcinic. The trustc¢s have always said, if wc can h¢lp save just onc family from Ihe Iragcdy of suicid¢. Ihis ii)itialive will hav¢ bcei) wurih it. We believe we arc o¢hieving our mission. and w¢ look forward to continuing ihis mi55ion for many years to Lome. s"rRUCTURF., C.OVERNANCE AND MANAGEMENT GovL'rning docum¢int The LhLirity was cslablishcd by a Memorandum and Articl¢s incoTporatcd 21 D¢¢¢mber 2020 as aiiici)d¢d by ccrtificat¢ of in¢on)oration on change of name daled 05 Fcbruary 2021. The charity is r¢giqiercd with thc Charity Commission. numbcr 1193191. The charily constitutes a limiied company. limited by guarantc¢, as defincd by the Companies Act 2006. Rc¢rultment and appointlnent of new trustee5 Founding nicFDb¢15 have the power to appoini new in]slees and to r¢move and replace trustees. Trustees who ar¢ no( founding membeis ar¢ appoinied lor a fixcd iemi and rLre at the Cnd of thai terni unless re-appuinled by the rounding members. A new iNsiee or trustees may be appointed at any (ime but so that the total number of trustees shall at no timc ¢x¢eed seven. Any ncw lrnstee or trustees would be appointed by r¢fer¢n¢e to their abilities io operate a charity of this nature and th¢ ¢xisting mislees would cnsure ai all tiiiics that Lh¢y were thus coinpctcni. Thc charity is operated by its board of Trnstees who are resp)nsible for all decision5 undcrtaken. Page 5
THE ROSE PATERSON TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 %I"RUCTURE. GOVEILNANCE AND mANAGETrIET Dcci51on making The board of iTUStecs m¢eis four times yearly to adminisier th¢ ¢hariiy. Thc charity's management. financcs. and operations are supported by the CSJ Foundalion (company number 13382551). Risk manAgement Tl)e Trustecs have a duty to ideniify and review the rigks io which ihe chariiy is exposed and to cnsure appropria(e conirols arc in place to prol'ide reasonable assurancc againsi fraud and etTOr. ThL Trustces have asscsscd lh¢ risks to which Ihc chariry is or may b¢ ¢xposed. panicularly thos¢ whi¢h relate to thL operations and financing of ihc Charity. They arc satisficd ihai the ¢xis(ing sysicins whi¢h ar¢ ii) place to proic¢t lgaInSt risk arc adequate to miiigai¢ ihe charity's exposure. if any. Such systems are revi¢w¢d at least annually. Operational risk is mdnaged ihrough ih¢ Charity's mana8em¢ni service. The service5 provided by the CSJ oundaiion are robust and in accordance wilh their internal procedurcs. Research and due diligen¢¢ r¢garding POILntial grantces is thorough. as is thc handling of all financial infornia¢ion and c(Yort% io idcntify dny irrcgJulari¢i¢s or potential frnud. InvestniLn¢ risk 15 managed ihroush th¢ appointed investmeni company. The services provided by Ruffer LLP arL prolessional and fully r¢gulaied. Th¢ mandate (as discussed in 'lnvestnieni Policy'l priorili5¢s ¢apital pi'¢servalion alongside growih upportunili¢s. Th¢ level of risk is described as Tr)alanced ¢0 cauliuus, and Liiidcrlyinby invesiments ar¢ fully diversificd. The -frusiecs will continue lo fullow professional guidance with rLspcct to any investmcnt dccisions. Thc principal risk faced by the Trusices ¢onc¢ms a decrease in funds raiscd from fundraisiiig activitics. Fui)draising siraicgy and thc long-tcmi sUStain3biliiy of ihe Charily is r¢gularly discusscd. A rai)ge of activili¢s rc uscd to maximise donation-based income cach year. Th¢ Tn[eeS considcr thc risk of r¢duced incomc to bc surricicnily managed. RF.FF.RF.P'CF. AND AD%llil.STRATIVE DETAILS RikJislerL.d Companv number 13091863 (England and Wales) ReEi5tered Cbariiy number 193191 Registered office America House. Rulnford Coun Rumfurd Place Liverpvol McTscysidc L3 9DD Page 6
THE ROSE PATERSON TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 Trustees O W Paierson F C Patcrson E O Paierson Mi%s E. R. Paterson IDdependent F.x#mln¢r Guy Playf¢r BA FCA Malthoubc & Company Chartu¢d Accounianis America House, Rumford Court RumfoTd Pla¢¢ Liverpool Mcrs¢y.side L3 9DD BonkerJ Weaiherby5 Bank Sanders Road Icllin¥burough Norihampionshir¢ NN8 4BX Ini'estnient m¥n¥g¢rs RullLr LLP 80 Vicioria Sireei London SWIE SJL Report of the iru51ees, incorporati conipany dir¢Liors. on ....
sirategi¢ report. approved by order of the board of tru51ee5. as ihe
. and Sisd on Ihc trf)ard's b¢half by.. O W P)tey¥on- Trus¢tt Page 7
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ROSE PATERSON TRUST Indopendent oxamincr's report to the trustees of The Rose Paterson Tru$t {'the Company.) rcport to the ch<2riiy trusi¢¢.% on my examination of the accounis of th¢ Company for the year cndcd 31 Dc¢ember 2023. Responsibilities and basi5 of report As th¢ chari¢y's ISteeS of ihc Company (and also its dirccttsrs for the puryx>scs of coinpany law) you are responsiblc lor the preparntion of lh¢ ac¢ounis in accordan¢c with ihe requirem¢nt5 of (he Coinpanies Act 2006 {'thc 2006 Ael'l. Having $ali.qfied myself that the accounis of th¢ Company are not required to b¢ audited undcr Part 16 of tlic 2006 Act aiid arc cli&Tibl¢ for indepcndcnt examination. I repon in rc.4p¢ct of niy cxaiiiinaiion of your charity's accounts as ¢arried out under Section 145 of the Ch8riti¢s Act 2011 I'ih¢ 2011 Act,). In carrying out my cxaininaiion I hav¢ followcd thc Dir¢¢iioiis given by thc Chari¢y Coiill)iission under S¢¢tion 145{5) (b) of il)e 2011 Acr. Independent ex&mlner's Statement I h)v¢ iumpleted my cxaniina¢iun. l Lonfirn) thai no matters have come lo my atieniion in connection wilh the examination giving me Cause to believe.. accounting records wcre not kept in rc5pcci of ihc Company as requir¢d by Scction 386 of thc 2006 Aci; or Ihc a¢¢ounls do not accord with thos¢ r¢cords- or Ihe aLcounts do not comply wilh ihe accouniing requirements ol- Section 396 of rhe 2006 Act oih¢r ihan dny requircm¢ni ihdl ihe accoun¢s give a true and fair view which 1$ not a matter considered a5 pam of an indenden¢ examinytion: or the accounts hav¢ not been prepared in accordance with the mcthods and principlcs of the Sialcmcnt of R¢¢ominended Prac¢i¢¢ for ac¢ouniing and reporting by charities (applicabl¢ io charitics pr¢parinb> tlieir a¢¢ounis in accoTdan¢c wilh ih¢ Financial Rcporfinb Standard applicabl¢ in thc UK and Republic of Ireland IFRS 10211. I have no concems and have com¢ a¢ross no other matters in connection with the examinalion to which attention should be drawm in this report in order to enable a proper undcrsianding of the a¢¢ounis to be reached. Page 8
tNDEPENDENT EXAMtNER'S REPORT TO THE TRUSTEES OF THE ROSE PATERSON TRUST Independent examiner's 51atcmertt I have coinpleied iiiy examination. I confimi that no mailers have come to my attcntion in connection wilh the examination giving mc causc to bclieve.. l. accounting records wer¢ noi kept in res1 of the Company as rcquired by S¢¢tion 386 of the 2006 Act. or 2. thc rcviscd accounts do not accord wilh ihos¢ records; o 3. the revised accounts do not comply with ¢he occounling requiremetits of Section 396 of thc 2006 A¢t other thai) any requirem¢nt thai the revised accounts give a true and fair view which is not a matter con5idcrcd as parl ol'an iiidcpend¢nt cxamination. or 4. tl)c rcvi.%cd accounts have not b¢¢n prepared in accordance wilh ihc nicihods and prin¢iplcs of the Siatcmciit of Recoinmendcd Prdctice for accounling and reporting by chariiies lapplicablc lo charilics prcparin&i ih¢ir accounis in accordance with thc Financial Rcpurting Siandard applicable iii the UK and Republic of Irclaiid IFRS 1021). I have no ¢onc¢ms and have come across no othcr matlers in conn¢¢iion wilh the examinalion lo which attcntion should be drawn in this report in order to enable a proper understandiA8 of lh¢ r¢vAs¢d a¢countS to be reaclied. Guy Playfer BA FCA Malihouse & Coinpany Chancred Accountant5 Amcrica Ilouse, Rumford Coun RuinfoTd Place Livcrpool Merscyside L3 9DD Da¢e'. Pag¢ 9
THE ROSE PATERSON TRUST STATEMENT OF FINANCIAL AcfiviTIES (INCORPORATING AN INCOME ANTD EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2023 31.12.23 Total funds 31.12.22 Total funds UtwestrIcd fidS Restricied fund Not IYCOIIE AND ENDoWME,Ts FRO, DonatiOll5 and legaLies 202,097 202.097 198.916 Investmcnl incomc 8,886 8,886 755 Total 210.983 210,983 199.671 Tr.XPLNDI"I'UKE ON Raibinu fund. 14,853 14,853 13,934 Charitable activities ChJri(abl¢ J¢liviliLs 233.653 233,653 145.768 Toial 248.506 248.506 159,702 Ne¢ gainsl(lossesl on investments 39.040) 3Y.0401 21.965 NF.T INCOMEI{EXPEh'DITURE) {76.563) {76.563) 61,934 RF.CONCII.IA'fioN OF FUYDS Total fuiids brought forward 557,685 557.685 495,751 TOI'AL FUNDS CARRIED FORWARD 485.122 481.122 557,685 The notes forn] part of these financial 51atcments Page 10
THE ROSE PATERSON TRUST BALANCE SHEET 31 DECEMBER 2023 31.12.23 Total funds 31.12.22 Total funds Unrestricted Restricted funds rund Notes FIXED ASSETS Invesiments 12 422.480 422,480 452,633 CURRENI. ASSETS Cash ai bank 69.275 69,275 11.235 CREDITORS Aiiiounls fallii)g due wiihin one year 13 {10.633) (10,633) 16,183) NL'f CURRLN'f ASSETS 58.642 58,642 105,052 I'O'I'AL ASSETS LESS cuRRE'T 481,122 481,122 557.685 'ET ASSETS 481.122 481,122 557.685 FL'NDS UnrLsiricted funds 14 481.122 557.685 TOTAL FUNDS 481 122 557 685 Tl)c charitable coinpany is cnlitled io exemption from audit under Seciion 477 of the Coinpanics Ac¢ 2006 for tlie ye£lr endLd 31 DecLmber 2023. Thc Incmb¢rs havc not r¢quircd ihc company to obtain an audit of its financial stsi¢menis for the year ¢nd¢d 31 D¢o¢niber 2023 in tt¢¢ordanc¢ wilh S¢¢tion 476 of (he Companies Aci 2006. The trustees acknowledge their responsibililies for (al ensiiring that the charitable company keeps accounting records that comply wilh Sections 386 and 387 of the Companies Act 2006 and (bl preparing financial 5tatcmcnts which give a true and fair i'i¢w of the state of affairs of the charitable coinpany as ai thc end of cach financial ycar and of its sU]uS or d¢ficit foi ¢a¢h fJnan¢ial ycar accordance with the requirements of Sections 394 aiid 395 and which oihcrwisc ¢oii)ply with the rCquir¢cn1S of Ihc CoTnponics Act 2006 lating io finan¢ial stai¢menis. so far as applicable to the charitable company. The notes forni part of these financial stalcm¢nis Page 11 continued...
THE ROSE PATERSON TRUST BALANCE SHEET- continucd 31 DECEMBER 2023 Thesc financial statements have been prepared in acconlance with ihc provisions applicable to charitable conipanies subject lo the small companies regime. The financial statements were approvcd by th¢ Board of Trustees and authoris¢d for issuc on . and were signed on ils behalf by: C Paterson - T s¢e¢ Thc noi¢$ forn] part of ih¢se fllwlcial st3i¢ments Page 12
THE ROSE PATERSON TRUST CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023 31.12.23 31.12.22 Notcs Cash flom's from operating actil'ities Cash generaled from operalions 41.960) 33,688 Nei cash lused inl/provided by operating a¢tiviti¢s 41,960) 33,688 Cash flows from 5nve5tin% 4¢tlviiles Purch&se of fixed &5sei investhienls Dividends received (8.8861 8.886 143U.6681 755 NLI cash pro%'ided byl{used in) investing a¢iiviii¢s 429.913) Change In cash and c)Ish equlvalents in thc, ri'portlnE pi'riod C45h &nd ¢¥$h ¢quli'#l¢nts at (he bi'Rinning of the reporting perlod (41.960) 1396.225) 111,235 507.460 Cash and cash cquivalcnts at ihe cnd of the roporting period 69.275 111.235 The notes forni part of ihese fancial slal¢m¢nts Page 13
THE ROSE PATERSON TRUST NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023 RECONCILIATION, OF N'ET {EXPEYDITUREyIliCOME TO NET CASH FLOW FROM OPERATI.NG ACTIVITIES 31.12.23 31.12.22 Net (¢xpenditur¢yin¢om¢ for the reporting period (as per the Statement of Financial Aclii'itie5> AdjuslmLnts for: LossLS..'Igain} on inveslments Dii'idends received DLcrease in debiors Increasel(decrLasel li) creditors {76,563} 61.934 39,040 (8,8116) (21,965) (755) 2.996 4,449 et eash (used Inyprovlded by oper*iions 41.960} 33.688 AYALYSIS OF CHAI%GF.S IN NET FUNDS Ai 1.1.23 Cash flow At31.12.23 NLbt eash Cash at bank 111.235 41,960) 69,275 11.235 41.960) 69.275 Total 111235 41960) 69.275 The notes fomi part of these financial staiemeThts Page 14
THE ROSE PATERSON TRUST NOTES TO THE FtNAN'CIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIES BASIS OF PREPARlTriG THE FINAI%CIAL STATEMETr¥TS The financial statements of the charitable company, which is a public b¢n¢fit eiitity under FRS 102, hav¢ been prepared in accordance wilh ihc Charitics SORP (FRS 102) 'Accounling and Reporting by Ch4riti¢s.' Siaiement of Recommended Praciice applicable io chariiies preparing their accounts in accordance with Ihe Financial R¢poning Standard applicable in ihe UK and kepublic of Ireland IfRS 102} {cffcctive I January 20191., Financial R¢porting Siandard 102 Th¢ Financial R¢porting Standard applicablc in the UK aiid Rcpubli¢ of Ireland. and ihe Companies Act 2006. The finan¢ial siai¢m¢nis have been prcparcd under thc historical cost convcnlion, with ihc cxccplion of investmenis which are included at market value, as iiiodifi¢d by thc rci'aluaiion of ¢¢ttain ass¢t5. The trusiees consider that ihere are no material uncertainlies about the Charity's ability to continue as a goiiig concem. INCOIMF. All incoine is r¢¢ognis¢d in ih¢ Sial¢meni of Financial Aciiviiics on¢¢ ihe charity has eniitlement to the funds, it is probable (hai lh¢ in¢ome will b¢ received and th¢ amouni Can be Ineasured reliably. Donations are recognised when the charity has been noiified in wriling of both ihe aniount and sci¢lcment ddle. In ihe ei'eni ihai a donation is subjcci to condiiions that require a level of PLrfom)ance before the charity is eniiiled 10 the funds. the income is deferred and not recognised until eith¢r those condilions are fully met, or ihe fuifilmeni of Ihosc condilions is wholly within (he control of thc cliarity and li is probable thai (hose condilions will be fuifillcd in thc TCPOrting pcriod. Donaicd scrviccs are rccogniscd as incomc whcn ihc charity has control ovcr the item. any ¢ondiiion8 asso¢iai¢d with lh¢ donoi¢d iicn) have bccn mcl, th¢ r¢c¢ipi of ¢conomi¢ b¢n¢fii froiii th¢ us¢ by th¢ charity of the i¢cm is probablc and that economic benefit can be mcasurcd Tcliably. Oil receipi. donated professional services and donaied faciliiies are recognised on the basis of the value of th¢ b¥ift 10 the charity whi¢h is the amouni the charity would have be¢n willing to pay to obtain service8 or facilili¢5 of equivalent econoinic benefit on ihe open market. M CO¢spOndIng amount is then re¢ognised in expendilure in the pcriod of receipt. EXPETr*'DITURE Liabilitics arc rccogniscd as expenditure as soon as there is a legal or ¢onstTU¢tive obligation committing the charity to that cxpcndilure, it 15 probablc thal a transfcr of ¢conomic b¢n¢fiiS will b¢ requir in seitlement and the amount of the obligation can be measured reliably. Expenditure is accountcd for on an accruals basis and has been classified under headings thai aggregate all cost rclatcd lo thc category. Where costs cannot be direcily airribuled to particular headings they have been allocatcd to activitlC5 on a basis ¢onsisi¢ni with the us¢ of r¢sour¢¢s. Irrecoverable VAT is charged againsi ihe expendiDJre heading for which it was incurred. Grants payablc arc payments madc lo third partics in the furthcrancc of thc charitable objects of th¢ ¢harity- In th¢ ¢as¢ olan uncondiiional grant offer this is accrued once the recipient has been notified of the grant award. The nolificalion gives thc rccipient a rc850nable exp¢¢thiion that they Page 15 continued...
THE ROSE PATERSON TRUST NOTES TO THE FINANCIAL STATEMENTTS - continucd FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUN'TING POLICIES- Continued EXPED1TuRE will rec¢ive the one-year or multi-y¢ar grant. Grdnis awards thai are subjeci io the recipient fulfilling perfomiance conditions are only acctued when ihe recipieni has been noiified of the granl and any remaining unfulfilled condiiion attaching io thai grdni is outside of the conirol of Ihe charily. Provisions for grants are made when ih¢ inieniion io makc a grant has been ¢ommunicatcd io thc recipicni bul there is uncertainty a$ to ihe timing of ihe ¥rnnt or ihe amouni of grnni payable. CFIARITABI.E AcfIviTIES Expendiiure on charli1b1C ,1CiiI'iiics in¢lud¢s gov¢rnan¢e Cosis and an apportionmcnt ol'suppon ¢osis. ALI.OCATION AN'D APPORTIOP,MENT OF COSTS Support costs are those funciions thht assisi ihe work of the charity bui do noi dire¢tly undertak¢ charitable aciiviii¢s. Suppon cosis includ¢ adminisiraiion. financ¢ and gov¢rnancc cosis whi¢h support th¢ ¢hariiy's a¢tivilics. Thc basis on which support cosis huvc bcen allocalcd is sc¢ oui ii) Ihc i)ol¢S to the finan¢ial staiements. I'AXATION Th¢ ¢hariiy is ex¢mpi from Corporaiion lax on ils chari1obl¢ 4¢1iviiies. UNI) ACCOUINTINC. Unrcbiricicd lunds can be used in accordance with the charitable Objectiv ai the discreiion of ihe Irustc¢s. Rcstrictcd fund5 can only bc uscd for particular reslricled purposcs within thc objeLls of ihc charity. R¢striction5 arise whcn specified by the donor or when funds are raised for panicular restricted puryjoses. Further explanation of th¢ nature ond purpose of ¢a¢h fund is included in the noteb to the financial staiemenis. DLIJTORS Tradc and other dcbiors are recognis¢d ai th¢ s¢iil¢meni amouni du¢ afi¢r any Irdde discount ol'l¢red. Prepayments are valued ai the amount prepaid net of any irade di5¢0unts duc. CIISII AT BANK AND IN HAfD Cash at bank and cash in hand includes cash and shon tern) highly liquid investments with a short mdlurity of three months or1¢55 from th¢ date of acquisition or opening of the deposit or similar account. CREDITORS Page 16 continued...
THE ROSE PATERSON TRUST NOTES TO THE FtYANCIAL STATEMENfs - continucd FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOULNTING POLICIES- continued Creditors are recognised where ihe charity has a pr¢seni obligaiion resulting from a past event that will probably result in ihe transfer of fun(ts io a ihird pany and the amouni du¢ to settle the obligation can be measured or esiimated reliably. Cr¢diiors and provisions are nomjally recognis¢d at their seiilemenl amount aftcr allowing for any trdde discounls due. FIYANCIAL INsTRL'mETs The Irust oiily has fiiiaiicial asseis and financial liabilities of a kind ihar qualify as basic finai)¢ial insiNments. Basic financial insinJm¢nis aff initially recognised ai irnnga¢iion valu¢ and subg¢qu¢nily Incasurcd ai th¢ir sctil¢i))cni value with ihe ¢xceplioii of bank loans which arc subs¢qucnily InLdsurcd at amorlised cost using the cffeciii'c in(cresi meihod. FIXED ASSET IYVF.STMF.P*'TS Invcsimenis are a tomi ol- basiL financial inslrument and are inilially reLognised at ¢osi and .%ub.%equently measured ai iheir fair value ai ihe Balance Sheet date using ihe market value. The Siatemcnt of Financial Aciivitics includcs the nei gains and losses arising on rcvaluaiions il)roughou¢ il)¢ y¢ar. SIGlFICA'T JUDC.EMENTS AND ESTIIIATES ThL lollow'ing jud&Jni¢nis1)av¢ been ii)ad¢ In ¢h¥ proccss of applying the above accounling policies that have hdd the most significant elTe¢i on amoun15 recognised in ihe financial stateinents.. Apportionment of support and governance ¢osts across rnising funds and Chariiable activilies IgTrant makin¥l. DONATIONS AYD LECACIES 31.12.23 31.12.22 DonatiOllS 202.097 198 916 The in¢ome from donations was £202.097 (2022..£198.9161 of whi¢h £202,097 (2022..£198,916 ) was unTeslricted income and £nil (2022.. £nill was rin¢led income. Pag¢ 17 continued...
THE ROSE PATERSON TRUST NOTES TO THE FtNANCtAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023 Ir4VESTMETr•T INCOME 31.12.23 31.12.22 Investmenl income 8,886 755 RAISING FUINDS 31.12.23 31.12.22 Dircct cost5- bank charges Suppon costs (notc 7) 267 14.586 966 12.968 14.853 CIIARITABLE ACTIVITIES COSTS Grani funding of OCliviti¢s (se¢ notc Suppon ¢osis Ise¢ note 71 61 Toluls Chariiabl¢ activities 233.653 GRANTS PAYABI.E 31.12.23 31.12.22 Charitabl¢ activities 216,500 iii,000 Page 18 continued...
THE ROSE PATERSON TRUST NOTES TO THE FNANCIAL STATEmErs - continucd FOR THE YEAR ENDED 31 DECEMBER 2023 GRANTS PAYABLE - continued 31.12.23 Every Life Matters R,'pplc Suicidc Prcvention Bcachy Hcad Chaplaincy Team If U Care Sharc Foundation Bcarded Fishcrn]an Shropshirc Menial Health Supwrt Kintsugi Hope Pillar Kincardin¢ sIlu1¢ Her Stable Live5 Suicidc Pr¢veniion UK Zcst N'onh¢m IrLland 15.000 30.000 17.500 22.000 17.500 10.000 20.000 15,000 15,000 2Q.000 17.500 17,000 216,500 Page 19 continued...
THE ROSE PATERSON TRUST NOTES TO THE FINANCIAL STATEMEN'TS - conlinucd FOR THE YEAR ENDED 31 DECEMBER 2023 SUPPORT COSTS The breakdown ofsupports costs and how these were allo¢ated b¢twc¢n 8overnan¢e and other SUPPOrt costs 15 shown in the table below.. Goi'ernance relaied Oiher support costs Cosi iyp¢ Total Administration Charges Independeni Examinalion Fee Website Design F¢¢ Bank ¢harg¢s 25,000 25.000 2.300 4.172 534 2.300 4,172 534 29,706 32.006 The breakdown of support costs: Charitsble activities Basis of allocalion Suppon Cosis Raising funds Governance costs- Independeni Examination Inl()rmaiion t¢¢hnolo¥y - wcbsitc costs Adinii)iSlrnlion und Inunagcmcnt cosis Bank ¢harg¢s - rou¢in¢ bJnk a¢¢ounl Ihanagemeni 2.300 100 charitable 2.086 50..50 splii 12.500 50.'50 Iplii 267 50..50 splii 2,086 12,500 267 14.853 17.153 32.006 The Charity initially identifies ihe costs of its suppon funclions. It then idcntifics those ¢04ts which r¢late to the govemance function. Having identified its govcrnancc costs, Ihc rcmaining support ¢ost$ 108¢ih¢r with ihe goiernance cosis are apportioned beiwecn ihc activities undcrtakcii. In thc ycar to 31 Dcccinb¢T 2023. which was thc ihird year of the charily's operations. the focus was split cvcnly bclwccn raising tltnds io support the charity's aciivities and the programme of grant making that was undenvay. Page 20 continued...
THE ROSE PATERSON TRUST NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2023 TRLSTEES, REMUI%ERATIOY AYD BEI%EFITS There were no trustees, remuneration or other benefits for the year ended 31 tkcember 2023 nor for the year ended 31 De¢ember 2022. TRUSTEES, EXPENSES There were no trtlees' expenses paid for the year ended 31 December 2023 nor for th¢ year ended 31 December 2022. The rrusiees all give freely iheir lime and expertise wiihoui any fom] of remuneration or oth¢r benefit in cash or kind. Expenses paid io ihe trustees in the period totalled £nil. The Charity considers irs irustees io be key management personnel. COMPARATIVES FOR THE STATEMENT OF FINAI%CIAL IICTIVITIES Unresiriclcd Resiricled funds fvnd Tolal nds INCOME AND ENDOW.MEI%TS bROM Donations an(1 l¢b?a¢i¢s 198.916 198,916 Inveslinent income 755 755 Total 199,671 199671 LXPLNDITURE ON Raisin¥ funds 13.934 13,934 Charitable activities Charitable aciivities 145.768 145 768 Total 159702 159,702 Nel gains on investmenls 21,965 21,965 L¥ET I.NCOME 61.934 61.934 RECONCILIATIOY OF FUNDS Total funds brought fonyard 495,751 495,751 Page 21 continued...
THE ROSE PATERSON TRUST NOTES TO THE FINANCIAL STATEMENTS - conlinued FOR THE YEAR ENDED 31 DECEMBER 2023 COMPARATIVES FOR THE STATEhlEN'T OF FINANCIAL ACTIITITIES - continued UnrestriLicd Rcstrictcd funds lund Total funds TOTAL FUNDS CARRIED FORII'ARD 557.685 557.685 io. LEGAL STATUS OF THE CHARITY The Charity is a company limiled by guarani¢¢ in¢orporaicd in England and has no sharc capilal. 11. NET INCOMEIIEXPEINDITURE) Net incoinel{expendilurel is Stated after charging Icreditin8)'. 2023 Independen¢ examinalion fee 2,300 12. IXED ASSE'I. INVESTlE.YTs Listed inveslnient5 MARKET IIALUE Ai l January 2023 Addiiions Revaluations 452.633 8.886 39 039) At 31 Dcccmbcr 2023 422 480 NET BOOK NALUE Ai 31 December 2023 422.480 At 31 Dccembcr 2022 452,633 Ini'esiment assets are hcld in thc RulTer Charily Ass¢is Trnsi Fund which is managed by RutT¢r LLP. The Fund will principally inves1 in the folloiving assd classes= global equities. UK aiid ovcrscas gov¢rnm¢nt and corporaie bonds and commodities in order to a¢hi¢v¢ the Fund's invesimeni objectives. Listed investments have been included ai their markei valu¢ as at 31 December 2023. Page 22 continued...
THE ROSE PATERSON TRUST NOTES TO THE FINANCIAL STATEMENTS - contlDu¢d FOR THE YEAR ENDED 31 DECEMBER 2023 13. CREDITORS: AMOLQYTS FALLING DUE WITHIN ON'E YEAR 31.12.23 31.12.22 A¢¢rued ¢xp¢ns¢s 10,633 6.183 14. MOVF.MF.P*T IYI Fuf+iDS Net movcinent in funds At 31.12.23 Ai 1.1.23 Unrestrlcted funds G¢n¢ral fund Lisi¢d Invesimcnts 105.052 452.633 146,410) 30,153) 58.642 422.480 557.6A5 76.563) 481 122 TOTAL FUINDS 557.685 76.563) 481.122 Net mov¢ni¢nt in lunds, included in ihe above are as follows.. InLoming r¢50urr¢s Resources ¢xpcnded Gain5 aiid losses Movement in lunds Unrestricted fund$ G¢n¢ral fuiid Listcd Invcstm¢nts 202,096 8.887 (248,506) {46.4101 30.1531 39.040) 210,983 24¥.506) 39,040) 76,563) TOTAL FufiDS 210.983 248.506) 39.040) 76,563) Page 23 continued...
THE ROSE PATERSON TRUST NOTES TO THE FINANCIAL STATEMENfS - continued FOR THE YEAR ENDED 31 DECEMBER 2023 14. MOVEMEliT FUNDS- cootinued Compar4tlves for moyemellt In funds Net moi'ement in funds Transfers berween funds At 31.12.22 Ai 1.1.22 Unre51ricted funds General fund Lisied Invcsinienis 495.751 39.223 22.711 (429.922) 429.922 105.052 452.633 495.751 61.934 557,685 TOTAI. FUNDS 495,751 61.934 557.685 Comparaiivc nei movement in fimds. in¢lud¢d in the abov¢ arc as follows.. Incoming r¢sour¢c R¢source$ cxp¢nd¢d Gains and losses Mov¢mcni in lunds Unrc5trictcd fundy CrLiicral lund Lisled Investmcnis 198.916 755 {159.693) 9) 39,223 22,71 21.965 199671 159 7021 TOTAL FuDs 199,671 159 702) A current y¢ar 12 monihs and prior year 12 months combined position is as follows: Net moement in fw)ds Transfcrs between funds At 31.12.23 At 1.1.22 Unrcstrictcd funds General lund Listed Investments 495.751 {7,187) 7.4421 (429.922) 429,922 58,642 422,480 495,751 14,629) 481,122 TOTAL FUNDS 495.751 14,629} 481.122 Pag¢ 24 continued...
THE ROSE PATERSON TRUST NOTES TO THE FtNANCIAL STATF.MENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023 14. MOVEMENT IN FUNDS- tontlnued A curreni year 12 months and prior year 12 months combined net movement in funds, included in the aboN'e are as follows= Incoming resources Resources expended Gains and losses Movcmciit iii funds Unrestrictcd funds General fund Lisied Invesiments 401.012 9.642 (408,199) 91 (7,187) 7,4421 17.075) 410,654 408.208) 17,075) 14,629) TOTAL FUNDS 410.654 408.208) 17.075) 114.629) 15. RELA'fED PARI'Y DISCLOSURES There were no rclaled pany transactions for th¢ peTiod ended 31 December 2023 other than already discloscd in Ihc noies lo ihe financial slatein¢nts. 16. ULTIMATE CONTROLLING PARTY The Charity is conirolled by the Board of Trustees. Page 25
THE ROSE PATERSON TRUST DETAILED STATEMENT OF FtNANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 31.12.23 31.12.22 INCOME AND EN'DOWMEI%TS Donations and legacies Dondlion5 202,097 198,916 Investment income 8.886 755 Total Incoming r¢sour¢es 210,983 199.671 EXPLINDITURE Cllarilable aLtivitie5 Grants 10 insiitu¢ions 216.500 131.000 Supporl c0515 lJnJkJcmcnl 720 216 25,000 Wcb.4itc cost Maiiil&7Lnicnt and administrntion 4,172 25.000 29.172 25,936 Finance Bank ¢harges 534 Y66 GovernAn¢e Costs Indcpendent exainination fee 1,800 Total resources expended 248 506 159702 Net {expendlture)Ilncome before galns and losses (37,523) 39,969 Rea115ed recognlsed galns and losses Rcaliscd gainsll105s¢sI on fixcd asset investments 39,0401 Net (expenditur¢>lincome 76.563) 61.934 This PaE¢ does not forn) pan of the ststutory financial statements Page 26