CHARITY REGISTRATION NUMBER: 1196279
The Rodel Foundation
Unaudited financial statements
31 March 2024

The Rodel Foundation
Flnanclal statements
Year ended 31 March 2024
Page
Trustees. annual report
Independènt examlnerfs report lo the truste85
statement of financial actwiti8S
Balance shegl
Notss to Ihg financlal ststornents

The Rodel Foundation
Truste•s' annual report
Year ended 31 March 2024
The Iruste8s present Ih&ir report and the unaudited fin8ncial stalemants of the charlty for the year ended
31 March 2024.
The financial statements ha￿ tMn prepared in a¢cLYdan(¥ wAth the 8izounting polic￿$ Set wl in notes lo
the accounts and comply wilh ihe chority's govèfning document, the Charitie$ Act 2011 Bnd Accounting and
Reporting by Charities.. Statement of Recommended Pracb"c¥ applicable lo charitsgs preparing thelr
accounts In a¢¢ordance vAlh the Financtal Rgt)ortirg Starmlard 8ppllcabJo in the UK and Republic of lieland
published In Othber 2019.
Ref•r•n¢e and adminlstr•tlv• detsll$
R•gi&tsr•d ¢h4rtty namo
The Rodel Foundation
Charlty rogiStratlon number
11￿279
Princlpal offic•
2 Uppw Tachbrook Street
London
SW1V 1SH
The trustees
The trustees who during the year and al Ihe dat8 of approv81 wer• as follows..
Mark Lortmer
Jame¥ Wdbora-smlth
Angus Forrest
Indep•ndont •xamSngr
Mark Proctor FCA DChA
Lovewell Blake LLP
Chartered accountants
Banksiije 300
Peachman Way
Broadland Business Park
Norwch
NR7 OLB
Bank¢rs
Clydesdala Bank Pl¢
64 London Road
cra￿aY
R￿10￿E

The Rodel Foundation
Trustees. annual report (eonfjnu¢dJ
Year ended 31 March 2024
ObJ•eilves and actrvtU•s
The ¢harity has broad objectlves to a(Ivanc& charitable purptsses as the Tn￿le8$ see fil, which Include,
vAthout limitob"on, the 9iwng of charitable gifts to support deserving ¢ause8.
Publle b•neflt
In sh8pSng our objectives for thtr period ond planning our a￿￿11103, the trusteès have eonsidered the Charity
Commission's guldance on publlc benefit.
A¢higvem•nt* and p•rfomian¢t
For the ye81 ended 31 March 2024 8 grant of £8,l￿?0 was awarded for p8rt of a restor8tion W￿0¢t of
Chlldren's p18y9round In Wester Ross. Scoll8nd.
Flnanel41 revi•w
The rtsults of charitys activities are $ummarlsed on page 5.
The Rodel Foundatim had net exwndilure of £9,500 for the year 8nded 31 Marth 2024 {2023'. net Income
of £11.475).
Resèms pollcy
Thè trustees ¥im lo molntsln reserves At a level that would cov8r ary fv￿re commltments of the charfty.
Pl4n8 for future perlod$
Fuiurg plans currenuy Include fundlng a wrbijn of tho running costs of an after sthool fadllty in Ullapool.
Westèr Ross and thg poss￿lI(ty of providing affordable houslng.
Struetur•. s0￿ManC• and manag•mont
Gov•rnlrig dowm•nt
The Rod81 Fwndallon (the 'Foundation"I was fouThJed 8$ 8 Tegist•r•d Chartlable Incorptsrated
Organls8llon Inumb8r 119e2791 in October 2021 to ajvance (a)aritable wrposes accixdng lo the law of
England and WBl&s 8$ the trustees see fit from time to tim&.
Algthod olappolntment andelectlon ol Trustees
AJI trustees were appointad upon con$lrttJlion of th8 tluxl deed.
The truste89 may appoint r￿4 trJste•s from outsidè the curt8nt and retiring board of Iruste6S.
Polle1￿ #doptod lor the Induets(>n and tralning of TrusteOS
Trustees are èncouraged to attend appropriate external training events wher& thèse bwll facllitat6 thè
undèrtaking of their role. Specific tralnlng is conductad as part of a boaid meeting whore appropriate.
Rlskmanagement
Thè tnJst88s have considered the major rlsks to which the chBrlty Is tsxposed and have reV￿w¥d th8se risks
and established systems and procedures to m8nag8 thos¢ risks. As part rtrf this process the Iruslees are
pleasèd to report that the charity's intemal fin￿r￿￿91 control8. in parts'cuLar, ￿m￿ty in 811 rolevanl areas with
guiddinos issued by the Chartty Commission.

The Rodel Foundation
Trustees. annual report fconrfnu6
Year ended 31 March 2024
Structure. gov¢mance and Man4￿m•nt (eontlnuodj
True andFalr ovenlde
Thg accounts (fina￿￿*181ateMèntsI have been prepared to give a an(1 laiff view and hav& departed
from Ihe Charitio8 (Accounts arKI Reports) Regulat￿nS 2008 only to th8 èxient required to wovlde a 'true
and fair view. The departure has involved Aecounting and R8POrting by ChartUes prepariThJ Iheir aco)unts
in accordance with the Financi81 Reporung Standard appluble In the VK ard Republic of Ireland IFRS102}
Issued in Oelober 2019 rather than the Aceoun*ng and Reporting by Charrfies.- Statsment of R8ctsmmend•d
Pradcg gff8ctive from 1 AMI 2005 which has since been withdrawn.
truste
and Signed on behalf ot the board of
s by..
M8rk Lorim8r
Twstee

The Rodel Foundation
Independent examln•rfs report to the trustees of The Rodel Foundation
Year ended 31 March 2024
I report to the charity trustees on my examinatlon of thg financ1￿ Statements of the charity fvjr the year
ended 31 March 2024 which cL)mprfse tho statement of financial actimties, balance sheet and th• r•lat•d
nol•s.
Re¥pon$lbllltl•$ and basis of T•POrt
As the chadw$ Iwslees you are respon81tAe for the preparalton of thè finan¢lal 8tstsmènts In accordance
with the reqUi￿rnents of the Charitiès Act 2011 I'lhe Act'l.
I report in respect of my axaminatirm of the charity's financial slatements Carr￿s out under $￿tIt)n 145 of
Ihg Act and in carying out my examlnalion I have followed all the applicable Dir8ctions givèn by thè Charty
Commission undei sèctlon 14515}Ibl ol the A¢t.
Ind•wndènt examinerfs stat8mont
I have ¢omFleted my examinatlgn. I confinn thal matarial matters have c4)me to my attention In
connaction with the examIna￿￿ giving me cause to b&llèv& that in any material respect..
accountlng r￿r￿S were nC*t kept In rèspect of the charity as mquir8d by S￿li0n 130 of the Act;
or
the financlal statoments do not a￿rd w6th those re¢ord8,' or
the ffinanclal stat&m8nts do not CoM￿Y wth the aP￿Icable requirements coneemin9 the fom and
content of accounts set out in the Charlll85 {Awounts and R8portsl Regulatlons 2008 other Ihan
any requirement tt)at the accounts give a 'true and fairf view which is not a mattgr considered a8
part of an indèpgndgnt examlnatlm.
I have no concems and have ¢omo a¢ros$ no (%heT matters in connecllon ￿th the ex8mination to which
attentlon should be drawn in this report in (Yd8r to anabl• 8 proper understandlng of tha a¢counts lo bg
r8a¢hod.
Your attgntknn is drawn to thg fact that the Chartty has prepared the accounts (financi81 slatemèntsl in
accordance with Acctyjntlng and Reporlng by Charities.. Statement of RecommeThJed Pracllce appll¢able lo
charities preparing their Bccwnts in accordanee wth Ihe Financial RewrtitYJ Standard apylicabl8 in the UK
and Republlc of Ireland IFRS 1021 In prefar8ncè to the Accounting and Rewjrbng by Charflles.. st8lerTrenl of
Recommended Pr8etic• ls$ued on 1 April 2005 which is relerred to In the gxlanl regulations but has since
been wrfhdrawn.
l under8tarKI thst this has been done In ￿der for the accounts lo promde 8 twe and fair view in accordancè
7Mth thè Gèn8rally Accepted A¢¢￿￿tIng Pracilce effect1￿ for reportiro p8rfods be&inning or after 1
January 2015.
Mark Proctor FCA DChA
Indepandont Examiner
Lovewell Blake LLP
Chart•r8d a¢￿untants
Bankside 300
Peachman Way
Broadland 8usln9s$ Park
N0￿ch
NR7 OLB
3010112025

The Rodel Foundation
Statement of financlal actlvltles
Year ended 31 Ma￿h 2024
Period from
26 Oct 21 to
31 Mar 23
Year to 31 Mar 24
Unre5trlct8d
lunds Totsl fvnds
Total funds
In¢om• and endowments
Donations and legacies
Total Incom•
30.000
30,000
Exp•ndlture
Charitable a￿1￿118$
9,500
9.500
18.525
Total expendltu
9,5(10
9,500
18,525
N•t1gxp•ndltur•ylncom• #nd not movenwnt In lund$
19.5CKI)
{9.500)
11.475
R•¢oncillation ol lund$
Total funds brought forward
Total funds urrled for*•rd
11,475
11,475
1.975
1.975
11.475
Th& statement of financial aetwili8s In¢lude6 all g8lns an¢J losses recognised in the year.
AJI income and expenditure derive from continuing activlues.
The nol•s on pagos 7 to 10 l¢rm m Of th9$0 Ilnancial statsment&

The Rodel Foundation
Balance sheet
31 March 2024
2024
2023
Note
Curr•nt a$$gts
Cash al bank and in hand
4.975
12.975
Credftors: Amounts falling duo wlthln
on• year
{3,000)
{1,5001
N•1 current asmts
1,975
1.975
11.47S
Total •ssets less curr•nt Ilabllltl•s
Ilel 488ets
11,475
1,975
11,475
Funds of th• charlty
Unrestricted fund$
1,975
11.475
Total ¢harfty fund•
10
1.975
11,475
Those financial stat•ments were approved by thg board of trustees and autIKsr￿serf for 18su& on
3Q.January.2.9.25 and are signed on b&haN of the board by..
Lorimgr
Trustee
The nots• on pa90 7 to 10 f¢rm part of thes• ffnan¢lal statsments.

The Rodel Foundation
Notes to the flnanclal statements
Year ended 31 March 2024
G•h•ral Info￿atTr
Th& charfly is g publi¢ ben8fft entity and a reglstered charity in England and Wales and 1$
unincorporalod. The address of the princip￿ officè is 2 Upper Tachbrook Street, London. SWIV 1SH.
stat•m?nt of compllanc•
Thè char￿Y consulutes 8 p(knlie benefit entity as defined by FRS 102. The financial statemants have
been prepared in accordance wlth Accounting and Reporflng by Charities.. Statement of
Recommended Practice appl1¢x￿• to charities preparrng their s¢￿Unts in a¢cor{Jan￿ with the
Flnancial ReFQrting Stsndard applieBble in the UK and Rgpublic of Ireland issued in Octobèr 2019. thè
Financlal Reporting St8ndard 8ppll¢able Sn the Unlted Kingdom and Republic of Ird8nd IFRS 102}, the
Charities Ad 20114nd UK Generally Accepted Accountsng Pradoce.
Thè financlal statements have bÈon pr8pared lo give 8 Irue and fai￿ vltsw and have dwrted from tho
Charllies {Accounts Reports) Regulattons 2008 onty to the extfjnl requirgd lo provide a Irug and
fair vieW. Thi5 departure has invofved foll￿￿n9 the Acccmjnting and Reportlng by Chartbes.. St8tement
of Recomrnendad Pra¢fjce applicable to charities preparing their 8ccounts in accordance wilh thg
Financlal Reporlng Standard appllcable in the UK and RÈpubllc of Ireland issL￿d in October 2010
rdther than the Accounting and Reporting by Charlties.. state￿Trt of Recommendéd Pracuce effective
frorn 1 Apnl 2005 whS¢h has since been withdrawn.
A¢countin9 poll¢les
Basls of weparatlon
The financial st8lem8nts have been prepared on the hlstoftcal c￿1 basis.
Going con¢•rn
The fina￿181 stataments have been prepared on a going concem basis as the Irusto8¥ believfr that no
maleriol uncertainties exist. The trustees have consider8d the lgvgl of fun(ts held and the èxpectéd
level of income and expenditure for 12 months trom Buthorising thes8 financia 8tatemenls. The
budgettrd income and expenditure Is $uffiu8nt with the lgvel of rgserves for the eharity lo be able to
conts'nue as a golng concem.
Fund accounting
Unrestricted funds are availablè for uso al Ihe dlscretion of the Irustess lo further any of the chÈrity's
purpos&s.
Incom•
I Income is Included In the statèment of finan¢l81 activtbes when ent￿eMent has pa$setl to the
charity, il is probabl8 Ihal Ihe ecorTromlc b8nefrts assoaated with Iha transacllon flow to the charrty
and the amount can be rèliably measured. Th8 followng S￿cIfiC potiaes are applied to partlrular
cat8gories of income-.
- Income from don8tlons or grants is recognised when there 13 evidènce of entidwnenl to the glft,
r8ceipt is probable and its amount can be measured reliably.

The Rodel Foundation
Not•s to the financial statements (MnllnU￿)
Year ended 31 March 2024
A¢￿truntIng poli¢ltrs (¢onllhu¢dJ
Expendftur•
Expendituffj 1$ recognised on an axw813 basis as 8 liabillty is incurred. Expenditur& include3 any VAT
which cannot be lully recoVe￿d. 8nd is c185srfied under headings of the statamenl of financial
activiti$8 to which it rplate5'.
expèndlture on ¢haritabl8 8Ctiwlies includes all costs incurred by a charity In undertaking activits.ès
that fvriher its charitabl8 alms for the beneflt of its ben8ficiari8s. Induding tho¥e support costs and
eo$t$ relating to the gov•mance of tha charity apportioned to charttable actiMtO&s.
All costs are allocated to expenditure categories refiacting the use of the res(xJrce. Dired costs
attributable to a single advlly are allocat8d direcuy to that advlty- Shared costs affj apporuoned
befvtsen the aetiwlies they contribute lo on a reasonable. justifiable arxl consSstent basis.
Grants
Grants payablg are payments made to third parties In the fvrth8Trnce of th8 ¢haTMable oblgcts tsf the
Foundation. Slngle or mulli-year grants are accounlod for when either the recipient has 8 reasonable
expectation that Ihèy will recelve 8 bursary and the trustées hava ag￿ed lo pay the grant without
¢ondltion, or thé re￿Pient has a reasonaN8 expectation that they will rec•iv• thé grant and any
condlt6on attachlng to the grant is outsidè th8 control of Ihtr Foundallon.
Flnanclal Imtruments
A financlal gsset or a financial liabllity is rKognised only when th& •ntlty bec¢)mes a paty to the
ontractual provisions of the instrument.
Bas1¢ financial Instruments 8r8 Inltlally recogfti8ed at thè amount r8¢grvable or payable including any
related Iransactlon Costs, unless the arrangement conslilutes a finanang transaction, where 11 1$
rec(yJnised at the present v8lue of the fijturè payments discountad at a market rats of Interest for a
simllar debt Instrument.
Cuvrent assets and current liabililles 8ubsequ8ntly measuTrd at the cash or other consideration
expectad to be pald or received and not discountgd.
Dgbt instwments are subsaquentty measured at amorused cost.
DonationB and l•qacles
Unreslrfctèd Total Funds Unrestricl8d Total Fijnds
Funds
2024
Funds
2023
Donatlons
Donation$
30.000
Expondlture on ¢haritabl• a¢li¥ltl•s
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Grants
Bank Char￿&
SuFPOrt costs
8,000
8.000
17.000
25
1,5C(I
17.000
2S
1.500
1.500
1,50D
9,500
9.500
18,525
18,525

The Rodel Foundation
Not•s to the financlal statements [￿l￿n￿•¢I)
Year ended 31 MarGh 2024
Indopend•nt trxamlnatlon fe•$
Period from
Yoar to 26 Oct 21 to
31 Mar 24
31 Mar 23
Foe$ payabl¥ to the Inijependenl examlner lor..
Independent examination of the finondal statements
1,500
Staff costs
The charity has no &m￿0y￿a$ and thèrefor8 no ￿p10￿ roceived am￿0ye8 b￿n￿lts tsf more than
£60.000 during the year.
Trusts? r•muneratlon •nd •xpgnws
remungralion or other b•neffls w&re recelvgd by Ihe trust888.
Credltors: Amounts falling du• withln on• y•*r
2024
2023
A¢¢ruals
3,0
10. Analysls of charltabje fund$
Unrestrleled funds
At
Incoma Expendlture 31 Mar¢h 2024
1 April 2023
G￿er81 funds
11,475
19,51)0)
1.975
26 October 2021
Income Expend6ture At 31 March 2023
General fund
30.orKJ
118,5251
11.475

The Rodel Foundation
Notes to the financlal statements (will*￿•11)
Year ended 31 March 2024
11. Analys1$ ol net asuts betr￿en fund¥
Un￿strIcted Total Funds
Funds
2024
Current assgts
Credllors less than 1 year
Net a￿•ts
4,975
13.0001
1,975
4.975
{3.000)
1.975
Unrgstrictod Total FuThJs
Fund$
2023
Current 83sets
Credltors les$ than 1 year
Net a•¥ets
12.975
11,5001
11.475
12,975
11.5001
11.475
12. Relatsd p•rtlo$
There were no re￿ted party Iransacttons during the per*Jd 6nded 31 March 2024. In the year ènded
31 March 2023 a donation was recelved from Inverbroom Hydro Llmitsd, a company of which Ma
Lcllmer is a director.
10