RYCRoFf CHILDRENS FUYD FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 RYCROFf CHILDRENS FUYD TRUSTEES, ANI%UAL REPORT FOR THE YEAR ENDED 31 ￿ MARCH 2025 The trnstees preseni their report for the year ended 3 Isi March 2025. TRUSTEES The ¢rnst¢es duriDQ th¢ year were: C.P. Lees-jones: Chairnian A. Greaibalch C. Kenyon B. RU￿11 P. lyer S. Cross (appointed 24 August 2024) Thc powcr of appointing ncw &nd additional trustCC5 is cxcrcisable by rcsolution of the trnstees. The charity was established by Trust Deed dated 21 st Ociober 1857 and is registered with the Charity Commi&sion. number 231771. The charity's contact address is Lower Dunishbooth House. IAne Head. Rochdaje, OLI 2 6BH. oB￿CTs AND ORGANISATION The object of thv chatity shall be the relief of Children and young persons who are in conditions of llee& hardship or distress and who are resident in the eountics of Cheshire, Derbyshirc. Greater Manchester. Lancashire, Staffordshire. South Yorkshire and West Yorkshire. Preference shall be gtven to such children and young persons qualifieAI as aforesaid who are resideni in the cities of Manchester and Salford and the Borough of Trafford. The trnstees have had regard to the guidance issued by the Charity Commission on public benefiL ACFIEIVEMENTS AND PERFORMANCE During 2024r2025 the chariry madc 50 donations ￿ variou5 individuals and organisations. This atnoullted lo £42,604. FFNANCIAL REVtEW Incoming resources continued to generate an increased surplus frorn £38.859 in 2024 to £35,107 in 2025. Realised losses on sales of investrnents amounied to £1.606 compared with a loss of £3.090 in 2024. Clwitable donations paid amounied to £42.605 (2024: £33.180)- The attached [￿anCIal statements show the current stale of the finances which the truslees consider to be ￿aSonable. RESERVES The reserves held which amounl to £1.485,821 (?024: £1,520.074) arc constdered necessary to be able to generate sufficient income levels needed io wfom) the activiiies Th)ted above. VESTMENT Thc trustees have an active p)licy which seeks to maximise income whilst maintaining underlying capitsl values. RYCROFf CHtLDRENS FUND TRUSTEES, A￿.5 UAL REPORT FOR THE YEAR ENT)ED 31ST MARCH 2025 RISK MANAGEMENT The chaTity'S trustees have wessed the major risks to which the chariry is cxposed. They are satisfied that the appropriate systems and safeguards are in pla¢¢ lo adequately miligate any significant risk exposure. PLANS FOR THE FUTURE The tnJsle¢s plan lo conlinue ihe aeiivities previously outlined. in the forthcoming years. subject to satisfactory funding arrangements. ADVISORS At the year end the chaTity'S banker was the Cfropcrative Bank- pl¢ and tbe chariry's investment manager was Rathbones. The independeni accountants are Royce Peeling Green LIMI￿ The Copper Room. Dei'a City Office Park. Trinity Way. Manchester, M3 7BG. TRUSTEES. RESPONSIBILITIES Under the Charities Act 2011 th¢ tTUStees are required to PTepare fllwicial sratements for each financial year, which give a ttue and fair i'iew of the state of affaiFS of the charity ai the end of the year and of its incoming resoutces and application of resources in the year. In preFwing those f￿anCIal statements the trust¢¢s are required to.. sclert suitable accounting policies and then apply then) ￿nsis￿ntly. • make judgemenls and estimates that ate reasonable and prndenL state wh¢ther applicable accounting standards and staternents of ￿cOmmended practicc haiTe been followed. subject to any material departures disclosed and explained in the fjnancial statements" prepare the financial statements on tbc going concern b&5is unless it is inappropriate to presum¢ ihat the cbariry will continue its opcrdtion5. The t￿￿te¢S are responsible for keeping adquate accounting Tccords which disclose with reasonable accuracy at atlytime the fIn￿CIal position of the charity ai that time and to enable the trn8tees lo ensure that the financial statement5. prepared by them. ¢omply with the regulations under Section 132 of thc Charities Act 2011. They are also res￿￿sible for safeguarding the assets of the charity and hence for taking re&80nable s(¢ps for the prevention and deteclion of fraud and other irregularities. This rcport was approved by the tntste&s on iJÈe4onaiions received Bank inierest receiied Investment income Gainsl(losses) on realisation of investhienis Other income 842 825 35.871 41,124 (1.606) (1.606) (3,0901 35.871 36.713 (1.606) 35,107 38.859 RESOURCES EXPEN'DED Dircct charitable expenditure: Donations 42,605 42,605 33.180 Other expenditure.. Administration charges Investment managers charg&8 Accountancy 4.969 4.969 10.850 903 4.418 10.114 860 10.850 903 5.872 10.850 16.722 15.392 TOTAL RESOURCES EXPENDED 48.477 10.850 59.327 48,572 Net incomingllouigoing) resourc£s for the year (11.764) {12.456) (24.220) (9.713) Oth¢r ￿cOgnISed gains and losses: IDecreaseVlncr¢ase in market value of inveslments (10.033} (10.033) 81.711 (11.764) (22.489) (34253) 71.998 Fund balance brought forward 1.075 1.518.999 1.520,074 1,448.076 Fund balance carried forward (10.689) 1.496.510 1.485,821 1,520.074 RYCROFT CHILDRENS FUND BALANCE SHEET AS AT 31ST MARCH 2025 Notes 2025 2024 FIXED ASSETS Market Value Mxrket Value I￿v￿lments Units CCLA invesimenis Cash held by agent- capilal 1.420.587 29.499 36.146 1,464,062 30.941 17.707 1.486.?32 1.512,710 CURENT ASSETS Cash at bank and on deposit: Currenl account - incoTne 3.170 10.766 3.170 10.766 AMOUNTS FALLING DUE WITHIN ONE YEAR Sundry creditors {3581) (3,402) {411) 7.364 NET ASSETS 1.485,821 1.520.074 REPRESENTED BY Capital account Unrestricled funds 1.496.510 (10.689) 1.519,999 .075 1,485,821 1,520,074 The financial sL2tements were approved by the ttwtees onZS*ld&025 and $i￿ed on their bchalf by c.rfLees-Jone$ Trustee RYCROFT CHILDRENS FUND I%OTES TO THE FIN￿CIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 I. ACCOUIITING POLICIES The following accounting policies have been u5cd consistently in dealing with item5 which are considered malcrial in relation to the chan"tv's financial statements. Bgsis of Accounting: The financial statements h3vc been prepared in accordance wiib applicable accounling standards and follow recommendations in Siaiement of Rccommended Practice Accounting by Cbarities and Financial Reporting Stsndard FRS102 and the chariti￿ Act 2011. Investments Investments are initially recordcd at cost and subsequently at market value at the balance shcet date, using the closing quoted market price. The Statement of Financial A￿1VitieS includes the net gains and losses arising on rei'aluation and disw>sals throughout th¢ year. Investment 4nd Other Income: Investm¢nt and other income is recognised in the financial statements wben it is receivable. Value Added Tgx: As the majority of Rycroft Childrens Fulld's activities are classified non-business activities for tbe pUrp￿¢S of value add￿1 t&N Rycroft Chilthens Fund is unable to reclaim all the value added tax which it suffers on its pl￿e5. Expenditure io these financial statetnents is therefore shown inclusive of value added tax. Other Taxation: No provision has b¢en rnade for corporalion lax or deferred tax as the charitable company is a registetcd charity and 15 thcreforc exempt. Fund Accounting Unrestrtcted funds are available for use at the discretion of the tTUStees in fiwtherance of the general objectives of Ihe Charity. 2. GAINI(LOSS) ON REALISATION OF IN'VESTMEh'TS Treasury Stock Unlt$ 2025 2024 Procee(b Value 303.586 305.286 272.837 306.89? 306.892 275.927 G2inl(loss) (1.606) (1.606) (3,090) RYCROFT CHILDRENS FUTrI) NOTES TO THE FIN￿elAL STATEMENTS FOR THF. YF.AR ENDED 3].￿ MARCH 2025 3. INDEPENDENT ACCOUNTANTS. FEES 2025 2024 The lotal paid to the indepcndcni a¢counlanis by the charity related to the folloiving serviccs: Accountancy 903 860 4. tNVESTMEI*TS. MARKET VALUE Units CCLA Total Market value at 1st April 2024 Additions Disposals including unrealised profivloss as at Isi April ?0?4 Change in market value Realised gainsl(10ss) on disposals 1.464,062 272.008 30,941 1.495,003 272.008 (305286) (305.286) (8.591) (1,442) (10,033) (1.606) (1,606) Markel value at 3 Isi March 2025 1,420,587 29,499 1,450,086 Unr¢alis¢d profil(l(i&s) at 31st March 2025 119,444 25.002 144.446 Movement Charged to sratement of financial activities (8,591) (1,422) (10,033) Original cost IJOl.143 4.497 1 J05.640 RYCRoFf CHILDRENS FUND NOTF.S TO THE FINA￿CIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 S. CREDITORS 2025 2024 Arnounts falling due within one year: A¢crua15 3,581 3581 3,402 6. TRUSTEES RE.MUNERATIOh' None of Ihe irusiees have received any reniuneration during ihe year. out of ihe funds of the Charity (?025 - £nil), and none have ¢hos¢n lo claim reimbursement of expenses lo attend Trustee mcctings. 7. sfAFF NUMBERS No staff were employed by the Charity in the y¢ar.