Charity registration number 1197512 IEngland and Wales)
Company registration number CE027945
SHOWMANROSE FOUNDATION
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

SHOWMANROSE FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mrs H R Showman
Mr SA Showman
MrDHRose
Mr J G Showman
MrAS Showman
Charlty number (England and Wales}
1197512
Company number
CE027945
Principal address
Manor Mill
Victoria Street
Chadderton
Oldham
OL9 ODD
Reglster&d offl¢e
Manor Mill
Victoria Street
Chadderton
Oldham
OL9 ODD
Independent examiner
Lopian Gross Barnett & Co
1st Floor, Cloister House
Riverside
New Bailey Streèt
Manchester
M3 5FS

SHOWMANROSE FOUNDATION
CONTENTS
Page
Trustees report
Independent examinerfs report
statement of financial activities
Balance sheet
Notes lo the financial ststemenls
5-10




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SHOWMANROSE FOUNDATION
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF SHOWMANROSE FOUNDATION
I report to the trustees on my examination of the financial slalements of Showmanrose Foundation (the Charity) for
thè year ended 30 November 2024.
Responsibilities and basis of report
As the trustees of the Charity land also its directors for the purposes of company lawl, you are responsible for the
preparation of the financial statements in accordance with the requirements of the Companies Act 2006.
Having satisfied myself that the financial slalements of the Charity are not required lo be audited under Part 16 of
the Companies Act 2006 and are eligible for independent examination. I report in respect of my examination of the
Charity's financial statements carried out under section 145 of the Charities Act 2011. In carrying out my
examination I have followed the Directions given by the Charity Commission under section 14515llbl of the Charities
Ac12011.
Indepgndent examlngrfs stalement
Since the Charity's gross Income exceeded £250,000, the Independent examiner must be a Member of a body
listed in section 145 of the Charities Act 2011. 1 confirm that l am qualified to undertake the examination because I
am a member of ACA, which is one of the Iisled bodies.
I have completed my examination. I confirm that no matters have come lo my attention in connection with the
examination giving me cause lo believe that in any material respect".
accounting records were not kept in respect of the Charity as required by section 388 of the Companies Act
2006.
the financial slalements do not accord with those records., or
the financial slalemenls do not Comply with the awunting requirements of section 396 of the Companies Act
2006 other than any requirement that the finanaal slalements give a true and fair view, which is not a matter
considered as part of an independent examination,. or
the financial slalements have not been prepared in accordance wth the methods and principles of thè
Statement of Recommended Practice for accounting and reporting by charities spplicable lo Charities
preparing their financial slalements in accordance wlh the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021.
I have no concems and have come across no other matters in connection with the examination lo which attention
should be drawn in this report in order lo enable a proper understanding of the financial slalements lo be reached.
Lopian Gross Barnett & Co
Nathaniel Davidson BAIHonsl ACA (Senior Independent Examiner)
1st Floor, Cloister House
Riverside
New Bailey Street
Manchester
M3 5FS
16 June 2025

SHOWMANROSE FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 NOVEMBER 2024
Unrestrlcted Unrestrlcted
funds
funds
2024
2023
Notes
Income from:
Donations and legacies
Investments
270,000
22,325
336,000
12,228
Totsl income
292,325
348,228
Expendlturg on:
Charitable activities
Other expenditure
33,000
11
51
Total expenditure
33,106
51
Net gainslllossesl on investments
12
1110,0001
130,0001
Not Incomg and movem9nl In fund$
149,219
318.177
Reconclllatlon of funds:
Fund balances al 1 De￿mber 2023
464,467
146,290
Fund balancos at 30 Novgmb9r 2024
613,686
464,467
The statement of financial activities includes all gains and losses recognised in the year. Al income and expenditure
derive from continuing acliviliès.









Signed on 18/06/25 @ 07:48 Signed on 18/06/25 @ 09:25 






SHOWMANROSE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
Accounting policies
Charity inforniation
Showmanrose Foundation is a private company limited by guarantee incorporated in England and Wdles. The
registered office is Manor Mill. Victoria Street. Chadderton. Oldham, OL9 ODD.
1.1 Accounting convention
The finanaal statements have been prepared in a￿rdan￿ with the Charity's SORP, the Companies Act
2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" l FRS 102.1
and the Charities SORP 'Accounting and Reporting by Charities.. Statement of Recommended Practice
applicable lo charities preparing their accounts in accordan￿ wth the Financial Reporting Standard
applicable In the UK and Republic of Ireland IFRS 1021" leffective 1 January 20191. The Charity is a Public
Benefit Entity as defined by FRS 102.
The Charity has tsken advantage of the provisions in the SORP for charities not lo prepare a Stslemenl of
Cash Flows.
The financial slalements are prepared in steding, which is the functional currency of the Charity. Monetary
amounts in these financial ststemenls are rounded to the nearest £.
The financial slalements have been prepared under the historical cost convention. The principal accounting
policies adopted are sel out below.
1.2 Going concern
At the time of approving the financial statements. the trLJStees have a reasonable expectation that the Charity
has adequate reSoUr￿S to continue in operational existen￿ for the foreseeable future. Thus the trustees
continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charltable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives.
Reslricled funds ale subject to specific conditions by donors or grantors as to how they may bè used. The
purposes and uses of the restricted funds are set out in the notes lo the financial slalements.
Endowment funds are subject to specific conditions by donors that the capitsl musl be maintained by the
Charity.
1.4 Income
Income is recognised when the Charity is legally entr(led lo il after any performance conditions have been
mel. the amounts Can be measured reliably, and it is probable that in¢ome Mrill be re￿ived.
Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified
of the donation, unless performance conditions require deferral of the amount. Income lax recoverable in
relation to donations received under GiftAid or deeds of covenant is recognised at the lime of the donation.
Legacies a￿ recognised on receipt or olheNise if the Charity has been notified of an impending distribution,
the amount is known, and re￿Ipl is expected. If the amount is not known, the legacy is treated as a
ntingent asset.

SHOWMANROSE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 30 NOVEMBER 2024
Accountlng pollcles
Icontlnuedl
1.5 Expendltu
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a
third paty, il is probable that a transfer of economic benefits will be required in selllemenl, and the amount of
the obligation can be measured reliably.
Expenditure is classified by activity. The c051s of each activity are made up of the lolal of direct cost5 and
shared costs, including support costs involved in undertaking each activity. Direct costs attributable lo a single
activity are allocated dire¢lly lo that activity. Shared costs which contribute to more than one activity and
support costs which are not attributable lo 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 are allocated on the portion of the asset's use.
1.6 Fixed asset investments
Fixed asset investments are initially measured al transaction price excluding transaction costs. and are
subsequently measured at fair value al each reporting date. Changes in fair value are recognised in nel
in￿me1(expenditLjreI for the year. Transaction costs are expensed as incurred.
1.7 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held al call wth banks, other short-lerm liquid
investments with original malurilies of three months or less, and bank overdrafts. Bank overdrafts are shown
thin borrowings in current liabilities.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured al
transaction price including transaction costs and are subsequently carried al amortised cost using the effective
interest method unless the arrangement conslilules a financing Iransaclion, where the transaction is
measured at the present value of the future receipts discounted al a market rale of interest. Financial assets
classified as receivable within one year are not amortised.
Basie financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised al transaction price unless
the arrangement constitutes a financing transaction, where the debt instrLJment is measured at the present
value of the fijture payments discounted at a market rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequendy carried 81 amortised cost, using the effective Interest rale method.
Trade creditors are obligations lo pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially al
transaction price and subsequendy measured at amortised cost using the effective interest method.
Dere¢ogniÉion of financial liabilities
Financial liabilities are derecognised when the Charity's contractual obligations expire or are discharged or
cancelled.
1.8 Employee benefits
The cost of any unused holiday enliuement is recognised in the period in which the employee's services are
received.
Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed
to terminate the employment of an employee or to provide termination benefits.

SHOWMANROSE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 30 NOVEMBER 2024
Critical accounting estimates and judgements
In the application of the Charity's accounting policies, the trustees are required to make judgements.
eslimales and assumptions about the carrying amount of assets and Iiabilrties that are not readily apparent
from other sources. The eslimales and associated assumptions are based on historical experience and other
factors that are considered lo be ielevanl. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
eslimales are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and ftjture periods where the revision affects both current and future
periods.
In¢omg from donatlons and 19gac19$
Unrestrlcted Unrestrlcted
funds
funds
2024
2023
Donations and grfts
270,000
336,000
Income from investments
Unrastricted Unrastricted
funds
funds
2024
2023
Income from listed investments
Interest receivable
22.200
125
12,110
118
22,325
12,228
Expenditure on charitable activities
Governance
costs
2024
Direct costs
Grant funding of activities (see note 61
30,000
Share of support and governance costs (see not& 7
Governance
3,000
33,000
Analysls by fund
Unrestricted funds
33,000

SHOWMANROSE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 30 NOVEMBER 2024
Grants payable
Gov&rnanc&
costs
2024
Grants to institutions..
Seashell Ttusl
30,000
Support costs allocated to activities
2024
2023
Governance costs
3,000
Analysed bglwoen:
Governance costs
3,000
Au(Iltor's remuneratlon
Fees payable lo the charity's auditor and associates..
2024
2023
For audit services
Independent examination of the financial statements of thè charity
1,000
1,000
Trustees
None of the trustees lor any persons connected wth them) ￿ceiVed any remuneration or benefits or
reimbursed expenses from the Charity during the year.
10 Employees
The average monthly number of employees during the year was".
2024
Number
2023
Number
Total
There were no employees whose annual remuneration was more than £60,000.

SHOWMANROSE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 30 NOVEMBER 2024
11
Other expenditure
Unrestricted Unrestricted
funds
funds
2024
2023
Financing costs
106
51
12 Gains and losses on investments
Unrestricted Unrestricted
funds
funds
2024
2023
Gainslllossesl arising on..
Revaluation of investments
{110,0001
130,0001
13 Taxation
The charity is exempt from laxalion on its activities because all ils income is applied for charitable purposes.
14 Fixed asset investments
Listed
investments
Cost or valuation
Al 1 December 2023 & 30 November 2024
462,177
Carrying amount
AI 30 November 2024
462.177
AI 30 November 2023
462,177
15 Unr9$trl￿9d funds
The unrestricted funds of the charty comprise the unexpended balances of donations and grants which are
not subjed to spe¢ifi¢ conditions by donors and grantors as lo how they may be used. These indude
designated ftjnds which have been set aside out of unreslricled ftjnds by the trustees for specific purposes.
At1
December
2023
Incomlng
resources
Resour¢e$
expended
Galns and
losses
At30
November
2024
General funds
464,467
292,325
133,1061
1110,0001
613,686

SHOWMANROSE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 30 NOVEMBER 2024
15 Unrestrlcted funds
Icontlnuedl
Prevlous year:
At1
December
2022
Incomlng
resources
Resources
expended
Galns and
losses
At30
November
2023
General funds
146,290
348,228
1511
130,0001
464,467
16 Relatgd party transa¢tlon$
Ultimate Products shares al a cost of £270,000 were donated lo the charity from the trustees during the year.
Atrustee of the charity is a director of Ultimate Products PLC.
10-