(OW UINN N. GAYNER MRSJ. BAILEY J. HARLAND AND MISS C. STERNSHINE TRUSTEES OF THE ROSCA TRUST ACCOUNTS 31ST MARCH 2024 CHARITI, NO. 259907 THE ROSCA TRUST CHARtTY IFIFORMAnoN TRUSTEES Mr. Pl. Ga￿ Mr. J. HailaThl Mr. A Quinn Miss. C. Sternshine Mrs. J. 8ait CHARIIY NUMBER 2599)7 PRINCIPAL OFFICE l M¢Jat End Thorpe Bay Soulhend w Sea És5exSS13QA INDEPENDENT ÉXAMINEA AEÈt% 7-8 Briiathnia Bu54ness Park Comd Wav Souihethd.tyvSei EsseA 552 6GE BANKEflS Barctsy5 Bv5ir*ss Cenire 127 H￿h sirtéi 5ouihend.on-Sea Essex $51 JIM SOLicrroRS y5dales Cumberland llwse 24-2B èaxier A*n Souihefid on Se• Essem SS2 6HZ INVESTMENT ADVISE85 Raihbty* Invesimenis Mana8ement Umited I Cuiirth Stieei London wu 5FB UINM N. GAYNER J. HARLAMD M TRUSTEES OF THE ROSCAIRUST C STERF15HINE AMD MI￿1. WiEY IPIDEPENDE14T EXAMINER'S REPORT TO THETRu¥fEE5 ON T ACCOU ONTHE ROSCA TRusr We ieport to the Char￿ trustees on our examination of the attounisof IF*iharffyfoTthe vear eTh 315l March 2024 which ale sèt oui on pates4 10 11. RESPONSIBILITIES AND BASIS OF REPORT As rhe £harity'5 trustees yotrare responsibtefry the wewiaiion olthe xftyJn15 In￿￿dance withthe iequiiemenis of IheCharii*s Act 20111'the Art") We repDrt in resped ol ourexaminalionolthetharivs aCt(wnts carried out urKlersectiDn 145olthÈA and in carrOnÉ out oul eAèminalioTr We have follwd all thEapPl￿Ne Oirertws Èi¥en by1he0￿1+ty Commission under section L4515llbl of the*£i. INDEPENDENT EXAMINER'S STATEMENT Youi attention Is drawn to the fact ihat the charity hasprtpawed fina￿ra1 stalemenis lth b[Corda￿eW1lh Accounting and Reportin8 by Chariiies pFeparin8 Iheir èccounts in accortlarbce with the Financial Report*ni Standaids applicable In the UK ènd Republic ol lieland IFR51021 in ryefetence iotheAccouni*n8 atyj Reportin8 by Charli￿5." siaiemeni ol Recomrnended Practice issued on l April 2C￿ whKh Is iefeired io in the extani re8ulalir￿9 but ha5 now been wiihdrawn. We understand that this has been done in ordei lor finanEial siaiemeni io wovlde a rruea•)d fair in atcordance with Geneialty kcepted A¢countlnK Praciice effedive Iv 1¢wt￿ bewnnin8 on or alrer I lahuary 2015. We have complered ovr exarninaiion We c￿lirM Ihai no m•it*s have coff*to tyJrait•llloth IhwbnectK)n wrth the exafflination S￿1￿$ 115 any cause lo belY&ve that in an mateiial respect.. . accountin8 records were nor kept In iespÈ(i o11￿charItya5 le4uK￿ by 5ectkn 130of Ihe Act., oi 2. the account5 do noi accord Wilh those ie(ords.' or 3. the èccounis do not Comply wilh ihe applicable fequliemtntsc0￿ernin$ the andwrbtei)i of I¢v￿￿t% set out in the Charilies IAccoun15 and RepNisl Regulations X¥)8 other ihan any itquiiemeni that Ihe accounti 8ive a'irue and lair ¥￿w. whKh is not a maiièi co•)sidered as pait o14n indepÈndeni e¥amIn*ii￿. We hèwe no concerns and ha¥ecome atr055 ft0 other mailers in connecik)n wilh Iheexèmlrtatton 10 whith aiiention should be drawn in Ihls ftpon In order toenable a wopei vnderslanding ol the4￿0Y￿15 lobe reached. 7.8 8iiianniè 8usiness Park Comet Wav Southend.on-Sea Esse% SS2 6GE ets X4h September 2024 THE RO CA TRUST ANP4UAI REPORT FOR THE Strurtvre. Governance and MaTha8emEnt The R05ca Trust 15 constituted by Deed of Trust daied 29th March 1966afid 15 a ie8isieiedtharity Plo. 2599)7. It5 addre55 15 1 Moèt End. ThorpE Bay. Southeno Sea. Essex SSI ￿ Thethaiity irusiees durinÈ the yéar to 31st March 2024 were.. AR ENOED 31ST MARCH 2014 Mi Ni8el G3yner Mi Anthonv Quinn Mr john Harland Mrsjudith Baile¥ New rrusiee5 are •ppthnted bythe boardof trusiees lorno fwed terms ololfKe. ObJects The object of the charity as set Lxrt in ltr*Trusi Deed dated 29rh IAaith 1966 is'io pay (Y apply Ihe capital and incomèof ihe Tru51 Fund 10 such Charities or lor stsch Charitab￿ wrposes and in such pioporiion5 in Such manner and subject to such ierm5 and condiiionsas iheTivsiees may ai theii uThconirolled OIKietion deieiffline havin8 re8ard sof?r a% PDssible lo anydiceciions given or wishes Èxpressed by the seiiioT lo the Tru51ees The set¢lor wa5 William Oscai T1￿b¥ who died in 1971. In accordance wilh hls known wSshes. the Trust has supported bx)luntaiy welfareorÈani5ationswho have ieco8nised charitable siaius in south East fssex and. in paiticular. IhDse helpingihe youn& ¥nderpriwleyd. disabled, 5￿k elderly. and commtsnily a550clal￿jn5 providing fa¢ilil*S for the tommurtily use and benefit ￿ppor1 is Èiven by way of financlal 8rbnis. The th•itriy is depenoent on renui irKomeand in¥esimEni 1￿me tofund thtr8rants rn•Je. The Trustees have tontinued 10 meet three times a year and the iivsiees a8ree Iht broad Slrate8yand areas of atlivity for the Ilusi. Includin8 cMsw4eraikn ol 8rani fflakin& invesiments, ieser*s •nd risk mana8emeni policie Revlewof Property Investn*n The Trustees have continued 10 moniiote105ely Iheir woperty invesimÈnls. particuLirl¥wilh a 10 avoldln8 the bulld.up ol rent ailears. 8u¢ ihe t1115tees were P￿ased Ihat Iheir wwrtyponloliocontlnues lo expeflence only è low level of vthd5. Alsk NJsessm•ht The Trustee5 have feviewed their risk asses5meni. The 7iusi's art￿￿11*$ coniinue iobear lill￿ risi partirulallv as the Trust has no employee5. does t)01 aiian8e lund.raisin8 ts*nts and does nor relyon dwors ￿ berelatlors. 11 does. however. lace fflafkei risks to its Income and capital tiom fin•rKial and properlyln¥esimenis. Although Ihe5e iisks are mlliiated by the u5eol profe55loTralathlsors. the Trusteesclyiiityue lo monitorrb5ely e¥ery aspect ol their investments. The Trust has rese¢ve5 In older Ihat anyunforeseen loss olincome Irom property letlin8sor unexpÈ(ted In£iea5ed In spendln8 on piope¢iy mainienante can be mer Wilhout eAtessi¥e d15fvpiion 10 the Ilow ol 8ranis. THE ROSCA TRL15T ANNUAL RE continued RT FOR THE YEAR ÉIIDED 31ST MAROI 1024 The Trust ha5 continved to rnakegrant5 to pre￿tyj5anrt new8p￿ic?nts. With a hwh rate of woperty occupation and rental income 108eiher with a steady now forfinawal in¥estmem15, rhe Tiust has noi usually been consiiained In meetin6 wuesis for fina￿181 supwrt allho¢J£h at tiwil has faced irtreased demand 35 financo15UPPOrt foi local tharilies froffl hxal auth￿ljeS has bEen ie(luced. Tvustees TesponslWlltit5 in relation to finaKlal 5tsten*nts The trustees ère responsible loi prepaiin£ the Tfvstee5' Annual fte￿￿ and thefinancial stsiement5in accordance with applicable law and United Kin8dcfflAccounting StaThlardslVntted GewaltyAccepted Accountin8 Practicel. The law applicawe 10 tharities Sn Eth8land & Wale5 requiresthe trustees toprepère financial siatemeftrs for eath financial year which 8we a Irue and falr wew of ihe s¢aie of affairs ol thEch•rrty and of the incomin8 resouices and application of resourcesolthe thaiityfly thai pEr￿. In Wtparin8 Ihese fiwncial st•temerblS. Ihe Iru51ees are required to-. l. seletl suitable accounting pollcies and then appl¥them ton5isieniiv.' . observe the methods and principles In the Charil*% SOAP 2015 IFAS 1021.. ma&ejud6emenis and estimates thai are reasonabte and prudem.. stale wheiher èpplicable accountin8 siahdard5 have been lolk)wed. subiea toanymateilal departures disclosed and e*plained in the financial siatemeni., S. prepaie the financial Statements on ￿n$ town ba$15 unless il 15 Mwpropriate io presume thai the The tru5teesaie respw51ble loi keepirrf ptow orfovntln8 recryds that dhrlose with reosonaNe ac¢uiacy al any ilme the finafflcial position ol Ihethèriry and enable them toensure ihai the financlal siatefflents coM￿Y wilh Ihe Chaililes Aci 2011, the Char￿1￿5 Ikcotsnis and RepNtsl Re8uL41ions 2(4)È and the vow5Jonsof Iheirusi deed. They are also fesponsible for safe8uardlnÉ the assets olthe chaiity and herKelor iaking reasonable steps for ihe prevention and detectknn of Iraud and other Irrelularil￿. Bankevs.. Barclays Bank Pk 127 High sireei Souihend ot) Sea Essex SSI IL Soll¢ltor*', Dry5dale5 Cumberland House 24.28 8aNtei Avenue Southen¢ on Sea EsseA S52 6HZ Investment A¢fvls01S'. Rathbone Invesimenis Management Limited I Cuizon siieei London WIJ SFB Independent ExJrnlner'. Azeis 7-8 Britannla BU￿ne$S P•rk Cornet Way Souihen¢J on Sea Essex SS2 6GE .TAUSTEE 2C¢h Semember 2024 On bEhall ol rhe Board otTrustees UINN N. GAYPIE J. HARiAND M TRVSTE£S E R05CA TRLIST STERN5111NE AIID M STATEMENTOF FINANC FOR TIIE YEAR ENDED 1ST AcfiviTIES M 2024 IrKome fuTrJs General Pvrpose5 Noie 2024 2023 INCOMING RESOLtRCES Renis receivable 151.721.58 I43,2￿.83 8ank deposit Interest Dividend income 122.99 18.653.99 18.30 18,099.04 Charitable Donations Bank co•npensation TOTAL INCOMING RESOURCES 1S0.C 170.648.S6 161.318.17 EXPENDITLJRE DIRECTCHARITABLE EXPENDITURE 111.450 131,760. FUNO.RAISING COSTS Arrears wriiien ON Properly expenses.. 109.62 7.188.88 10.995.40 IL922.62 Insurance 5,880.81 10.563.60 10,933.31 4en15' cornmis510n Li8hl and heat Prole5510nal fees 1.554.(X) 31,770 $2 3.118.80 30496.52 MANAGEMENY ANO AOMINISTAATION OF THE CA4RITY 5ecreiaiial expenses Inve5tmeni advisor5 mana8emeni fees Accountancv ¢hai8es Website Sank Charses Prolessk)n41 lees 1,500.C#) 3,879.78 3,￿.17 3.240. 112.67 102.( 135.crfj 3,090 ri) 112.67 102.oj 8.897.84 8.684.45 TOTAL EXPENDITURE r4ET INCOMING RESOURCES 152.IL&36 18.5XI.20 170.940.97 19,622.801 Toial fun¢Js bro￿ght lorv4ard YOTAL FUNDS CARRIED FOItWARD 119.842.221 110,219.42 119,842.221 The notes on pa8e$ 6 10 11 lorm part olihe accouni5. U114N t4. GAYNE J. HARLAND MISS TRUSTEES OFTHE ROSCA TRUST ERNSHIPIE AIID MR5J. OAILEY CE SHEET 2024 2013 ASAYJI MARCH 2024 Note FIXED ￿$[T5 Freehold property Investments Z28.403.45 475.915 t 704.348.45 228,403.45 467.107.(X) 695.SIO.45 CURft£NT ASSETS Cash ai bank.. Dep051t accounis Current attount Due from agents Stockbrokers accouni 10338.43 10.ZlS.44 35.359.69 30.417.22 ,221.OZ 14.855.92 27.925.79 13,056.96 5undiy prepayment Rent arrears 7.279.22 1,170.31 92,785. 6.7￿.18 3,173.81 75,928.10 CURRENT LIABILITIES Sundry fiedltors 3.150. 3.IM+.th) NET CURRENT ASSETS NET ASSETS 89.63S.90 793.984.35 72.928 10 768.438.55 FUNDS CAPITAL ACCOUNT 795,2%.37 788,280.77 INCOME AND EXPEPIOITLIRE ACCOUNT 1.312.021 793,9B4.35 19,842.22 768.438.55 Approved by the Trustees o Oth 5eptembv 2024 and 518ned ￿ behallolthem. N. GAYNER TIu5tet The notes on paBe5 610 11 1￿M part ol Ihtse ￿¢(￿￿15. UINN N. GAYNER J. HARiAMD MLSS c sfER TRUSTEES F THE ROSCA TRUST SHINEAND MPSJ BAILEY NOTES TOTHE ACCOUNT FOR THE YEAR ENDED 1ST MARCH 2024 L. ACCOUNTING POLICIES GENERAL INFQRMATION AND 8AS15 OF PREPAKATIOFI The chariiy conslltutes a publK benÈfiteniiiy asdehned by FR5 102. The financial staiements ha¥e been prepared in arcordance W¢thA￿oUn1ln6 and Ilewrting by Charit￿5.. 51aiemeni ol Rect￿mended Praciice èpplicable to chaiitie5 preparirrf fh*r accounts in accordano with the Financial RepDrtin8 sièndard appllcable in the UK and RepU￿1C 011re￿n￿ IFRS 1021 issued on 161uly 2014 la5 uplared thiou6h Update ulleiin I published on 2 February 20161. the Finarfial Reportin8 Standaid ap￿1(able inthe United Kir*gdom and Hepublic ol iieland IFAS 1021, tbeCharitiesAci 2011 and uxGeneral￿ Accepied Accountini Prxtice. The financlal siatÈmenis have been prepared togi¥e a'irue and lak- have departed from the Charities (Accounts and Reportsl Re8ul•iions 2(Th onty to Ihe extent requirtd io wovide a'tiue and lair v*w" This deparlufe has involved followin8 iheAttounting and Reportin£ b¥Chaiilie5.' Staiemenl of Recommended Pract*e pplicable to chaiiiies prepafingihtir x¢ovnts in accNdance ￿th the F￿anCIal ReponifiBSlandaid èpplicable In the UK and Aepublic of Irelènd (FR5 1021 i55ueO on 16July2014 rather Ihan rhe Accountin8 and AeportinB by Charitie5'. siatÈmeni ol Aetomffended Pract￿e Èfleciive ftoffl l Awil 2(X)S wh￿h ha5 SI￿ been withdiawn. The finan¢ial staiements are kvepaied on• 8oln8 tonrern basis un(lef IP*histcvicaltost con*ntion, modified to include certain items èi lair value. The finaneknil 5wemtnr5 ale preseNed Irb Sterlin8 wh*h 15 the ffun(tional currenty of the chaiil¥. The si8nifitant ac I,{￿.( i.ICb).C i.s(x). Platform Theatre Art5 CIC TheAri Minlstry Leadeishlp Thiou8h SpDrt5 & Busine$5 Lillle HerosASD ELLY 2.1)￿).[ lo￿.(•) 2.40).&) 2,850.C¥) 4.tiyJ. 4.5(LJ.Tr) 5CAFT Neurodlvergeni Sale space Hamlet Court Road in Haimonv 5outhènd Carers Wellbeln8 ai fjaion Park 5.txo.Ix) 2.CO). 2,LKO.00 Ea5twoo(I Chorale Elevaioi Aits CK 151a'5 lourn Active Life Ceylon Trusi The One Love Proiert Safe Essex GuidÈ 0085 loi the ￿1nd Reen8a8e Soulhend Sea Ca¢lets CoFoneis Courts Support se￿¢e Thundefsley Meihodisi I,Lhy). 1.250. 2XO).LK) 3,250.CD 4.CQ). spx).( sxth.c¥) 2,Lb)).ri) 2.fKK).(KI J.rb).(K) 3,4C¢.CkJ Sense South East Essex Advotbry Revit3li5e SEND the Riiht MessaBe Cake Club Castle Polni S¢xlal car Scheme Seaquins We5tcliff 5oulhend and Lei8h Meihodlsi Church Sèfe Steps Wyvern CommunityTianswt 2.5(O.00 3,SW.00 3.60).Lk) 5,LY)).OD 3.rm.cii 5,CW.(K) 5.IXXI.Th) I,i#)o. 2.850.LX) 3.5Q).(KJ Total 111.450.fA) 131.760.C¥J