Charity registration number: 222652 THE ROCHDALE FUND FOR RELIEF IN SICKNESS ANNUAL REPORT AND FINANCIAL STATEMENTS 5 APRIL 2024
THE ROCHDALE FUND FOR REUEF IN SICKNESS CONTENTS {CONTINUED) Reference and Administrative Detsils Trustees, Report Statement of Responsibilitles Independent Examiner's Report Statement of Financial Artivities Balance Sheet Notes to the Financial Statements 7t014
THE ROCHDALE FUND FOR RELIEF IN SICKNESS REFERENCE AND ADMINISTRATIVE DEfAILS Charlty re8lstratlon number 222652 Trustees Mr N G Adamson Mrs H E Collins Mrs R Horridge Mr T J Porritt Mrs A E T Ripley Mr A R Shackleton Mr A N Shepherd Mrs A R Shepherd Peter G Nicol BSC FCA Independent examiner Tower House 269 Walmersley Road Bury Lancashire BL9 6NX Independent Examlner Solicito Jackson Brierley Hudx)n Stoney The Old Parsonage 2 St Mary'5 Gate Rochdale Lan¢ashi OL16 IAP
THE ROCHDALE FUND FOR REUEF IN SICKNESS TRUSTEES, REPORT YEAR ENDED 5 APRIL 20Z4 Obiectiv¢s and activitses Objerts ondalms The objective of the Rochdale fvnd is to assist residents of Rochdale who are in sickness, by providing and paylng for items. sepiices or facilities as set out by the Chartty Commissioners reference N23ISII75. 13th February 1975. Publk benefft We have referred to the guidance contained in the Charity Commi55ioner'5 general guidance on public benefit when revieWia our aims and objectives and in planning for our future activities. In particular, the Trustees ¢onsider how planned actrrfities will contribute to the aims and objettives they have set. The trustees confimi that they have coMpld with the requirements of section 17 of the Charities Art 2011 to have due re8ard to the public benefft guidance published by the Charity Commission for England and Wale5. Strurture• govemance and management Oryanisational strurture The trustees have two sub committees, one dealing With day to day requests, the other lookin8 after the trusts investments. Trustees There has been no change to the Trustees in the year. Flnanclal Instruments Cash, credit and Ilquldlty rlsks The Charities only assets are investments and ihe income from these investments. The trustee5 are awa of the need to have sufficient fvnds for on80in8 and future devek)pments and as such take advice from professional adviser> Indeperrflent examiner Peter G Nicol BS¢ FCA has been rfrappointed as indeperKlent examinerfor the ensuing year. 15/ 91.l.F The annual report wa5 opproved by the trustees of the charity on .. behalf by: and signed on its MrAR Trustee ackleton
THE ROCHDALE FUND FOR REUEF IN SICKNESS STATEMENT OF RESPONSIBIUTIES YEAR ENDED 5 APRIL 2024 The trustees are responsible for preparing the trustees, rep)rt and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming sources and application of resources of the charity for that period. In preparing these financial statements. the trustees are required to: select Suitable accounting policies and then apply them con515tently; observe the methods arKI principles in the Charities 50RP; make judgernents and estirnates that are reasonable and prudent: state whether applicable accounting standards have been followed. subject to any mateflal departures disclosed and explained in the financial statements; and prepare the financial statements on the going concern basis unless it is inappropriate to pSuMe that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accurocy at any time the financial position of the charity and enable them to ensure that the financial statements compty with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2LM)8. and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hente for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the rnaintenan and integrity of the corporate and financial infomiation included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislotFon in otherjurisdictions. Rl912 Approved by the trustees of the charity on . . . and signed on its behalf by- Mr A R Shackleton Trustee
THE ROCHDALE FUND FOR RELIEF IN SICKNESS INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ROCHDALE FUND FOR RELIEF IN SICKNESS I report to the trustees on my examination of the accounts of The Rochdale Fund For Relief In Sickness for the year ended 5 April 2024. Responslbllftles and basls of report As the charity trustees of The Rochdale Fund For Relief In Sickness you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 I'the ACVI. I report in respect of my examination of the The Rochdale Fund For Relief In Sickness's accounts carried out under sertion 145 of the 2011 Act and in carryin8 Out my examination I have followed all the applicable Directions given by the Chartty Commission under section 14515llb} of the Act. Independent examlnerfs statement I have completed my examination. I confimi that no material matters have come to my attention in connectTron with the examination giving me cause to believe that in any material respect- l. accounting records were not kept in respect of The Rochdale Fund For Relief In Sicknes5 as required by sertion 130 of the Act: or 2. the accounts do not accord with those records: or 3. the accounts do not comply with the accounting requirements concerning the forni and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any quIrement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 7J-of Peter G Nicol BSC FCA Independent examlner Tower House 269 Walmersley Road Bury Lancashire BL9 6NX 19 September 2024
THE ROCHDALE FUND FOR RELIEF IN SICKNESS STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 5 APRIL 2024 Total 2024 Totsl 2023 IoMe and Endowments from: Investment income 69.479 69.479 66.105 Expendlture on: Grant Funding Governance {46.856) 131.446) {46.8561 {31.4461 152.6501 {27,3191 Total Expenditure Gainsllosses on investment assets 178,3021 3.437 178.3021 3.437 179.9691 121.8751 Net expenditu {5.3861 15.3861 135.7391 Other recognlsed galns and losses Gains/105ses on revaluation of fixed assets forcharity's own use {18.0441 118.0441 174,1441 Net M0veffnt in funds {23,430) 123.430) {109,8831 Reconclllatlon of funds Total funds brought forward 12 1,913,964 1,913.964 2.023,847 Total funds carried fonvard 12 1.890.534 1,890.534 1,913,964 All of the charity's activities derNe from continuing operdtions during the above two periods. The funds breakdown for 2023 is shown in note 12.
THE ROCHDALE FUND FOR RELIEF IN SICKNESS BALANCE SHEEr 5 APRIL 2024 2024 2023 Note Flxed assets Investments 1,727,409 1.585.496 Current assets Cash at bank and in hand 168.896 333.905 Creditorn: Amounts falliry due wlthln one year li 15.7711 15,4371 Net cuffent assets 163,125 328.468 Net assets 13 1.890,534 1,913,964 Funds of the charity: Unrestricted income funds Unrestricted Funds 1,890,534 1,913,964 Totsl funds 12 1,890,534 1,913,964 The financial statements on pages 5 to 14 were approved by the trustees. ènd authorised for issue and signed on their behalf by: MrA Shackleton Trustee
THE ROCHDALE FUND FOR RELIEF IN SICKNESS NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 5 APRIL 2024 l Account1 polldes Statement of compllance The financial statements have been prepared In accordan with Accounting and Reportln8 bv Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordafi with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 {effective l January 2015) - {Charities SORP IFRS 10211. the Financial Reporting Standaid applicable in the UK and Republic of Ireland IFRS 102) and the Charities Act 2011. The financial statements have been prepared to give a 'true and frdirf view and have departed from the Charities IAccounts and Reports) Regulations 2CI)8 onty to the extent required to provide a 'true and fair view,. this departure has involved followin8 Accounting and Reporting by Charities preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued on 16th Juty 2014 rather than the Accounting and Reporting bv Charities'.Statement of Recommended Practice effective from l April 2(X15 which has since been withdrawn. Basls of preparntion The Rochdale Fund For Relief In Sickness meets the definition of a publK benefit entity under FRS 102. The accounts {financial statements} have been prepared under the historical cost convention with items reco8nised at C05t or transaction value unle$5 Otherwise stated in the relevant notels) to these accounts. Golng concern The trustees consider that there are no material uncertalnties about the tharty's ability to continue as a going concern. Income and ertdowments Donalions received are included in the Statement of Financial Artivrtres on reipt. Transfer of stocks and shares from similar ofganisation5 are treated as donations received during the year and are also included in the Statement of Financial Actbvities. Investmentlncon Investments are shown at market value at the balance sheet date. Investment income and interest is accounted for on a received basis. Expenditure Expenditure 15 recognised when a liability is incurred. Contractual arrangements and performance related to grants are recognised as goods or services as supplied. Other grant payments are recognised when constructive obligation arises that result in the payment being urkivoidable. Charitable activities include expendtture incurred when undertaking charitable actNities and include boih direct and support costs relotln8 to those actriities.
THE ROCHDALE FUND FOR REUEF IN SICKNESS NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 5 APRIL 2024 (coKfiNUED) Chorltable actlvltles Charitable expenditure comprises those costs incurred by ihe charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to 5UPPOrt thern. Gmntexpendlture Grants are accounted for when paid out by the trustee> Grontpfovislons Provisions for grants are made when the intention to make a grant has been communicated to the cipient but there is uncertainty about either the timin8 of the grant or the amount of grant payable. Govemance costs These include the costs attributable to the charivs compliance with constitutional and ststutory requirements. induding audit. strategic management and trustees's meetings. Tax*lon The charity ts considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definttion of a charitable company for UK corporation tax purposes. Accordingly, the charity 15 Potentially exernpt from taxation in respert of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992. to the extent that such income or gains are applied exclusp4ety to charitable purposes. Tan8lble flxed assets All fixed assets are initiially Corded at cost. Axed asset Investments Fixed asset investments. other than progrnmme related investments. are included at market value at the balan sheet date. Realised gains and 1055es on investments are calcullited as the dIfferefi between sale5 proceeds and their market value at the start of the year, or their subsequent cosL net of the movement in market values durin8 the year. and are charged or credited to the Ststement of Financial Activlties in the period. Cash and ash equlvalents Cash and cash equNalents comprise tash on hand and call depostts, and other short-temi highly liquid investments that are readily convertible to a known amount of cash and are Subject to an insignificant risk of change in value.
THE ROCHDALE FUND FOR REUEF IN SICKNESS NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 5 APRIL 2024 (CONTINUED) Borrowlnzs Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Intere5t-bearin8 borrowings a sub5eqvently carried at amortised cost. with the dtfference between the proceeds. of transaction costs, and the amount due on redemption being recognised as a charge to the Ststement of Flnancial Activities over the period of the relevant borrowing. Interest expense is OgnISed on the basis of the effective interest method and is included in Interest payable and similar charges. Borrowings are classified as current liabilities unless the charity ha5 an unconditional ri8ht to defer settlement of ihe liability for at least twetve months after the reporting date. Fund structure Unrestricted income funds are general funds that are availabbe for use at the trustee5 discretion in furtherance of the objectives of the charity. nanclal Instrnments Cktssffjcotkn Financial assets and financial liabilities are COgnised when the charity becomes a party to the contrartual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities. Recogniton Qndmeasurement All financial assets and liabilities are initialFy measured at tr4nsaction price (including transartion costs), except for those financial assets classified as at fair value through profit or Ios5. which are initially measured at fair value {which is normalty the transartH)n prio excluding transartion costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at o market rate of interest for a sirnilar debt instrument. Flnancial assets and liabilities are only offset in the ststernent of financial posriion when. and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis. orto reali5e the asset and Settle the liability simultaneously. Financial assets are derecognised when and only when al the contrartual rights to the cash flows from the financial asset expire or are settled, bl the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset. or c) the charity, despite havin8 retained some, but not all. significant risks and reward5 of ownership. has transferred control of the asset to another party. Financial liabilities a derecoEnised only when the obligation specfftd in the contract is di5char8ed, cancelled or expires.
THE ROCHDALE FUND FOR REUEF IN SICKNESS NOTES TO THE FINANCIAL sfATEMENTS YEAR ENDED 5 APRIL 2024 (CONTINUED) Folr value me(15uremert The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides eviden of fair value as long as the ha5 not been a significant change in ecorMiC circumstances or a significant lapse of time since the trnnsaction took place. If the market is not active and recent transactions of an identical a55et on their own are rt a good estimate of fair value. the fair value is estimated by usin8 a valuation techn¢que. 2 Investment Income Unrestricted Total 2024 Total 2023 General Income from dividend5: Income from UK investments 67.707 67.707 65.642 Interest receivable and MIlar income- Interest receNable on bank dep)sits 1.772 1.772 463 69.479 69,479 66,105 3 Analysls of governance and support ¢osts Govemance costs Unrestrlcted Totsl 2024 Total 2023 General Independent examiner fees Independent Examinerf5 remuneration Administration 3.715 11,986 2,758 12.987 3,715 11.986 2.758 12,987 3.5LK) 8.214 2.490 13.115 Marketing Investment managers fees 31.446 31,446 27,319 io
THE ROCHDALE FUND FOR REUEF IN SICKNESS NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 5 APRIL 2024 (CONTINUED) 4 GrantkIng Analysls of grants Grants to instltutions 2024 2023 Grnnts to Indlviduals 2024 2023 Analysls Help for specific families Revitalise Rochdale Petrus Comrnunity Champnes5 Hall Trust Cancer Relief Macmillan Fund Rochdale Children's Moorland House 10,736 5.432 Rochdale Scope Inspire TSC Trust 750 WHAG Happy Days Francis House Rochdale Food Bank Middleton F(M)d Bank Heywood Food Bank The Salvation Army Soup Kitchen Thesamaritans The Sanrtuary Asthma Relief Swinghill Hospice Millard Trewen Sands 2.5(K) 1,750 5.IC¥) 3.120 1.750 io.(Kx) Other 36.120 47,218 10.736 5,432 li
THE ROCHDALE FUND FOR REUEF IN SICKNESS NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 5 APRIL 2024 (CONTINUED) 5 Trustee5 remuneration and expenses No trustees. nor any persons connected wlth them, have receNed any remuneration from the charity during the year. No trustees have received any reimbursed expenses or any other benefrts from the charity durin8 the year. 6 Staff costs No salaries or wages have been paid to employees, including members of the committee, during the year. 7 Independent examlnerfs remuneratlon 2023 Examination of the financial statements 3,715 3.500 8 Taxatlon The charity is a registered charity and is therefore exempt from taxation. 12
THE ROCHDALE FUND FOR REUEF IN SICKNESS NOTES TOTHE FINANCIALSTATEMENTS YEAR ENDED 5 APRIL 2024 (CONTINUED) 9 Fixed asset investn*nts 2024 2023 other investments 1,727,4LI3 1.585,4% Other investments Lbted Investments Total Cost or Valuatlon Al 6 April 2023 Revaluation 1.585,496 1,585,496 {18.0441 118.0fy11 248,057 248,057 {88.1(Kl) 188,1001 Additions Disposa15 At 5 April 2024 1,727.409 1.727.409 Net book value At 5 April 2024 1.727.409 1.727.409 At 5 April 2023 1.585.496 1,585,496 10 Cash and cash equlvalents 2024 Cash at bank 168.896 333,905 11 Credttors: amounts falllry due wlthln one year 2024 2023 Other creditors 1.937 3,5(K) Accruals 3.675 5.771 5.437 13
THE ROCHDALE FUND FOR REUEF IN SICKNESS NOTES TO THE FINANCIAL sfATEMENTS YEAR ENDED 5 APRIL 2024 (CONTINUED) 12 Funds Balance at 6 April 2023 Other Incorning Resources recognised resources expended galns1{1055es) Balance at 5 April 2024 Unrestricted general funds Unrestrirted General funds 1.913.964 69.479 178.302} 114,6071 1.890,534 Balance at 6 Aprll Incom1 Resources retogntsed 2022 reSl¢e$ expended gain5/llosses) 8alan¢e at 5 Aprll 2023 Unrestrfrted furKIs General 2.023.847 66.105 179.969) 196.0191 1,913.964 13 Analysls of net assets between fvnds Unrestrlcted General Totsl funds Fixed asset investments 1.727.409 168,896 (5.7711 1.727.409 168,896 {5.771) CUrnt assets Current liabilities Total net assets 1.890,534 1.890,$34 Unrestrlcted Total funds at funds 5 April General 2023 Fixed asset investments Current assets Current liabilitie5 1.585.496 333.905 15,4371 1.585.496 333,905 15,4371 Tolal net assets 1.913,964 1,913,964 14
THE ROCHDALE FUND FOR REUEF IN SICKNESS sTATEmEr OF FINANaAL ACTIVITIES BY FUND FOR THE YEAR ENDED 5 APRIL 2024 Total Total Unrestrlcted Unrestrirted Fund5 Funds 2024 2023 Income and Endt)wments from: Investment income 69,479 66,105 Total income 69.479 66,105 Expenditure on: Charitable actNities {78.3021 179.9691 Total expenditu Gainsllosses on investment assets {78,3021 3,437 179.9691 121.8751 Net expenditure 15,3861 {35.739} Other recognised £alns and losses Gainsllosses on revaluation of fixed assets for charity's own use 118,0441 174,1441 Net movement in funds 123.4301 {109,8831 Reconclllatlon of fvnds Total funds brou8ht forward 1.913.964 2.023,847 Totsl fund5 carried forward 1.890.534 1.913.964 This e does not form rt of the statuto financial sLitements. Page IS
THE ROCHDALE FUND FOR REUEF IN SICKNESS DETAILED STATEMENT OF FINANCIAL AcrivrriES FOR THE YEAR ENDED 5 APRIL 2024 Total 2024 Total 2023 Income and Endowments from: Investment income lanalysed below) 69,479 66,105 Tolal income 69.479 66.105 Expenditure on: Charitable actiwties {analysed below) 78,302 79,969 Total expenditure Gains/losses on investment assets lanalysed below) 78,302 13.437) 79.969 21,875 Net income 5,386 35.739 Other recoznlsed Bains and losses Gains/losses on revaluation of fixed assets for tharity's own use lanalysed below) 18,044 74.144 Net movement in funds 123,430) 1109,8831 Retonclllatlon of funds Total funds brought forward 1.913,964 2.023,847 Total funds carried forward 1,890,534 1,913,964 This a e does not fom rt of the statuto financial statements. Pa8e 16
THE ROCHDALE FUND FOR REUEF IN SICKNESS DEfAILED STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 5 APRIL 2024 (CONTINUED) Total 2024 Total Z023 Investment Income Income from listed investments 67.707 1.772 65.642 463 Interest on cash deposits 69.479 66.105 Choritable ortmtles Help for charities for specific purpose5 Help for specific families Administration 36,120 10.736 11,975 li 47,218 5.432 8,208 Office expenses Marketing Independent examiner'5 fee Investment managers fees 2,758 3,715 12,987 2,4 13.115 78,302 79.969 Golns/1055e5 on Investment assets IProfitl/loss on sale of tangible fixed assets held for charity's own use 13.437) 21,875 Gainsllosses on revaluailon of flxed assets for charlty'$ own use {Gain5l/losses on valUation of investments 18,044 74,144 This e doe5 not fomi rt of the statuto financial ststements. Page 17