st Trustees, Annual Report for the period 1st January 2022 to 31 December 2024 .4 It,5 Pi-jiii-IlJ.I1111Idi'e.55: C.I1'illuii l-.IltlaLJC V,'IdliLlI'.%I East Susbc)x TNJbUG N'?Nes Df. charit.y trustec5 who manage the charity: Office Trustee Name Dates acted if not for full year | Rei,. PCLII Ra- Jc'Gn q<:rd" .I,'id P-,?.tl Chair Spencer Hill Ali Bogle Ch,arles Smallwood Resigne(Jkntn-tréD-2L14 Resigned 27 May 2024 Joined August 7" 2024 Section B: Structure, governance and management Description of charit¢s trusts Type of governing document: Trust Deed dated 3 January, 1944 as amendLd by deed dated 24 Uctober 2017 How the charity is constituted: Trust Trustee selection method5: Llc'ctL,d by the full boiird of trustees Section C: Objectives and activities Summary of object5 of ch(Irity: AIIL'Vldtii)11 4)f i)(Ivt'. rty ii) W<iclhLirsl iiicliiiliiig provision of afforc4able
Summary of maln actlvltles undertaken for the publlc beneflt In relatlon to these oblects: Mai)agenient and malntonance of the propertles owned by the trust, rentSng of the propertle5 to deservlnR tenant5 at affordable rate5, Use of any surplu5 funds for further alleviation of poverty In Wadl)urst. The Trustees have had regard to the Ruidance issued by the Charity Commisslon on public benefit. Section D: Achievements and performance: Total Income for the year 2024 was £37,275 The Trust made payments totalling £33,102 in fulfilling the objectives of the Trust. Administrative expenses for the year, including the payment of salary, totalled £20,129. The insurance value of the properties held by the Trust totalled £3,068,809. The Rose Trust commenced the year with £84,404 of available funds and concluded with £88,577. Section £: Finanaal Review: Poly on reserves: The Trustees consider that the Trust's Funds of £88,577 should be held to meet the short term needs of the Trust in fulfilling its activities. Statement concerning Serlous Incldents." No serious incidents that would affect the beneficiaries took place during the year. DECLARATION: The trustses declare that they have approved this report. Signed on behalf of the charity trustees: Signature Full Name Rev. Paul Ratcliff Position Chair
THE ROSE TRUST Reglstered Charlty No: 208004 Receipts and payments for the flnancal year ended 31st December 2024 2024 2023 RECEIPTS: Rentals from tenants Interest Income 37,275 34,264 37,275 34,264 PAYMENTS: Property repairs, maintenance and renewals Gas Service & Repairs {see note} Elettricity: Inspection,smoke detectors and repairs Insurance: Buildings Employer's liability 5,363 2,265 3,430 1.480 183 4,669 617 4,728 617 12,809 6,375 330 615 Legal Fees Secretary's Salary Postage & stationary Miscellaneous 4,800 76 45 33,102 15,300 Excess/Shortfall of receipts over payments 4.173 18,963 Cash Funds at end of previous year 84.404 65.441 Balan$ in hand at end of year pef Statement of Assets £88.577 £84.404 Page I
THE ROSE TRUST Reglstered Charlty No: 208004 MONETARY ASSETS: Cash Funds per Receipts and Payments Accounts Cash in hand Bank Current Account Bank Savin8s Account Balances in hand at end of year 67 48,510 40,000 £88,577 Other monetary assets & liabilities: Assets: Debtors- rent owed Accrued Interest on Deposit Prepayment- Insurance 1,436 348 1,995 3,779 Advance Receipts: Rents received in advance & Rents overpaid NON MONEfARY ASSETS: Properties let to tenant beneficiaries Date Acqulred Cost Insured value of buildings Freehold land and nine cottages in Western Road, Wadhurst, East Sussex 3.1.1944 NIL £3,068,809 Signed by a Trustee on behalf of all Trustee5: Print name: Date of Approval: Page 2
INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS OF THE ROSE TRUST Report to the Trustees on the accounts for the year ended 31st Decernber 2024 set out on pages l & 2 Respective responsibilitles of the Trustees and Examiner: The Charity's Trustees are responsible 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 section 144{2) Charities Act 2011 (the Act) and that an independent examination is needed. It is my responsibility to: {a) examine the accounting records under Section 145 of the Act. Ib} follow the procedures specified in the General Directions gven by the Charity Commissioners (under Section 145(5)(b) of the Act and (c I state whether particular matters have come to my attention. Basis of independent examlner's ststement My exarnination was carried out in accordance with General Directions given by the Charity Commissioners. My examination included a review of the accounting records kept by the Charity. The procedures undertaken by me do not provide all the evidence 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 matters set out in the statement below. Independent examiner's statement In connection with my examination, no matter has come to my attention:_ (l) which gives me reasonable cause to believe that in any material respect the requirement to keep accounting records in accordance with Section 130 of the Act have not been met. The accounts drawn up by me accord with the accounting records and comply with the accounting requirements of the Act. {2) to which, in my opinion, attention should be drawn in order to enable a proper understsnding of the accounts to be reached. Signed: Date: 94.03 kn?5 Name: Roger Lockwood Address: Hlghbrow, Jona$ Lane, Wadhur5t, East Sussex Page 3