Trusteeg Annual Report for the period l January 2023 to 31" December 2023 Section A: Reference and Admlnlstration Details Charity Name: The Rose Trust Registered Charity Number. 208(X)4 Charitrfs Principal Address: Old Chimneys Cockmount Lane Wadhurst East Sussex TN56UG Name5 of charity trustees who manage the charity: Trustee Name Dates acted rf not for full year Rev. Paul Ratcliff Jean Hardcastle David Pratt Adam Ward Spencer Hill Ali Bogle Chair Resigned 5 April 2023 Settion B: Structure. governance and management De5CTiPtion of charitVs trusts Type of governing document: Trust Deed dated 3 January, 1944 a5 amended by deed dated 24 Ortober2017 How the charity is constituted: Trust Trustee selectiotTr methods: Elerted by the full board of trustees Sertion C: Objertives and artivities Summary of objects of charity: The provision of accommodation for the benefit of the poor and deserving inhabitants of the Parish of Wadhurst. Summary of main activitie5 undertaken for the publit benefft in relation to these objects: Provision of accommodation for the benefft of the poor and deserving inhabitants of the Parish of Wadhurst, including the upkeep. maintenance and repair of those properties.
The Trustees have had regard to the guidance issued by the Charity Commission on public benefit. Section D: Achievements and performante: Total Income for the year 2023 was £34,263. The Trust made payments totalling £15.3(X) in futfilling the objectNes of the Trust. Admini5tratrve expenses for the year, including the payment of salary, totslled £4,800. The insurance value of the properties held by the Trust totalled £3,023,440. The Rose Trust cornmend the year with £65.411 of available funds and concluded with £84.404. Section E: Financial Review: Policy on reserves: The Trustees consider that the Trusvs Funds of £84.404 should be held to meet the short terni needs of the Trust in tulfilling its activities. Statement concerning Serious Intidents: No serious incidents that would affect the beneficiaries took place during the year. DECLARATION: The trustees declare that they have approved this report. Signed on behalf of the charity trustees= Signature Full Name Rev. Paul Ratcliff Position Chair Dated= 21 /,]z*
THE ROSETRUST Registered Charity No: 2(Yd004 Recetpts and payments for the financal year ended 31st December 2023 RECEIPTS: 2023 2022 Rentals from tenants Insurance Claim 34,263 26.925 8.788 34,263 35,713 PAYMENTS: Property repairs. maintenance and renewals Gas Service & Repairs (see note} Electricity: Inspertion.smoke detectors and repairs Insurance- Buildings Employerfs liabiltty 3,430 20,552 5,393 574 4,090 617 183 4,669 617 Estate Agents Fees Secretary's Salary Postage & stationary Misollaneous 4.8(Kl 76 45 4,800 115 36 15.3(K) 36,177 Excess/Shortfall of receipts over payments 18,963 464 Cash Funds at end of previous year 65.441 65,905 Balances in hand at end of year per Statement of Assets £84,404 £65.441
THE ROSE TRusr Registered Charity No: 208004 mONARy ASSErs: Cash Funds per Recelpts and Payments Accounts Cash in hand Bank Current Accounts Balances in hand at end of year 18 84.386 Other monetary assets & liabilities". Debtors- rent owed Prepayment- Insurance 911 2,520 3,431 Advan Receipts: Rents received in advance & Rents overpaid NON mONARy Ass5. Properties let to tenant beneficiaries Date Acquired C05t Insured value of buildings Freehold land and nine cottages in Western Road, Wadhurst. East Sussex 3.1.1944 NIL £3,023,440 signed by a Trustee on behalf of all Trurtees: Print name: Q. FF Date of Approval: Page 2
INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS OF THE ROSE TRU Report to the Trustees on the accounts for the year ended 31st December 2023 set out on pages l & 2 Respective responsibllfties of the Trustees and Examiner. The Charity's Trustees are re5FK)n5ible for the preparation of the accounts but, at the Trustees, request, I have prepared accounts on their behalf. The Trustees consider that an audit is not required for this year under settion 144{21 Charities Att 2011 (the Act) and that an independent examination is needed. It is my responsibility to- lal examine the accounting records under Section 145 of the Art. Ib} follow the procedure5 specified in the Generdl Dirertions gven by the Charity Commissioners (under Section 145{5llbl of the Act and Ic I stste whether particular matters have come to my attention. Basis of independent examinerfs ststement My examination was carried out in accordance with General Dirertions given by the Charity Commissioners. My examination induded a review of the accounting records kept by the Charity. The prOdureS undertaken by me do not provide all the eviden that would be required by an audit and consequently no opinion is given as to whether the accounts represent a true and fair view and this report is limited to those matter5 set out in the statement below. Independent examinerfs Statement In connection with my examination, no matter has come to my attention:_ 111 which gives me asonable cause to believe that in any material respect the requirement to keep accounting records in accordance wtth Section 130 of the Act have not been meL The accounts drawn up by me accord with the accounting records and comply with the accounting quIrernents of the Act. {21 to which. in my opinion. attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed: Name: Roger Lockwood Address: Highbrow. Jona5 Lane. WadhursL East Sussex Page 3
THE ROSETRUST Registered Charity No: 2(Yd004 Recetpts and payments for the financal year ended 31st December 2023 RECEIPTS: 2023 2022 Rentals from tenants Insurance Claim 34,263 26.925 8.788 34,263 35,713 PAYMENTS: Property repairs. maintenance and renewals Gas Service & Repairs (see note} Electricity: Inspertion.smoke detectors and repairs Insurance- Buildings Employerfs liabiltty 3,430 20,552 5,393 574 4,090 617 183 4,669 617 Estate Agents Fees Secretary's Salary Postage & stationary Misollaneous 4.8(Kl 76 45 4,800 115 36 15.3(K) 36,177 Excess/Shortfall of receipts over payments 18,963 464 Cash Funds at end of previous year 65.441 65,905 Balances in hand at end of year per Statement of Assets £84,404 £65.441
THE ROSE TRusr Registered Charity No: 208004 mONARy ASSErs: Cash Funds per Recelpts and Payments Accounts Cash in hand Bank Current Accounts Balances in hand at end of year 18 84.386 Other monetary assets & liabilities". Debtors- rent owed Prepayment- Insurance 911 2,520 3,431 Advan Receipts: Rents received in advance & Rents overpaid NON mONARy Ass5. Properties let to tenant beneficiaries Date Acquired C05t Insured value of buildings Freehold land and nine cottages in Western Road, Wadhurst. East Sussex 3.1.1944 NIL £3,023,440 signed by a Trustee on behalf of all Trurtees: Print name: Q. FF Date of Approval: Page 2
INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS OF THE ROSE TRU Report to the Trustees on the accounts for the year ended 31st December 2023 set out on pages l & 2 Respective responsibllfties of the Trustees and Examiner. The Charity's Trustees are re5FK)n5ible for the preparation of the accounts but, at the Trustees, request, I have prepared accounts on their behalf. The Trustees consider that an audit is not required for this year under settion 144{21 Charities Att 2011 (the Act) and that an independent examination is needed. It is my responsibility to- lal examine the accounting records under Section 145 of the Art. Ib} follow the procedure5 specified in the Generdl Dirertions gven by the Charity Commissioners (under Section 145{5llbl of the Act and Ic I stste whether particular matters have come to my attention. Basis of independent examinerfs ststement My examination was carried out in accordance with General Dirertions given by the Charity Commissioners. My examination induded a review of the accounting records kept by the Charity. The prOdureS undertaken by me do not provide all the eviden that would be required by an audit and consequently no opinion is given as to whether the accounts represent a true and fair view and this report is limited to those matter5 set out in the statement below. Independent examinerfs Statement In connection with my examination, no matter has come to my attention:_ 111 which gives me asonable cause to believe that in any material respect the requirement to keep accounting records in accordance wtth Section 130 of the Act have not been meL The accounts drawn up by me accord with the accounting records and comply with the accounting quIrernents of the Act. {21 to which. in my opinion. attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed: Name: Roger Lockwood Address: Highbrow. Jona5 Lane. WadhursL East Sussex Page 3