Company regislratlon number 00966770 Charity registration number., 260355 Three R08e8 Homes Limitad IA company limited by guarantee) Annual Report and Flnancial Slalemenls for the Year Ended 31 March 2025 Three Roses Homes Limlted Contents Reference and Adminislralive Details Trustees. Report 2105 statement of Trusl6es' Responsibilities Independent Auditors, Report 7t09 Statsmenl of Financial Aclivllles 101011 Balance Sheet 12 Statement of Cash Flows 13 Notes lo tha Financial Slalements 141024 Three Roses Homes Llmlt8d Referon¢8 and Admlnistratlve Dètalls Trustees and Dlrector8 Mr CD Bolslfidge DrAA Here Mr JR Wilson (rosigned dlreclorship 13 June 20251 Mrs B ByF181d-Jones Mr R Timmins Mrs S Williams Secretary Mr CD Bolslridge Princlpal OfflGe Three Roses Homes Limited Bromsgrove Road Clonl Slouibridge Wesl Midlands DY9 gQP Company Règlstration Numbèr 00988770 Charity Reglstration Number 260355 Auditor Ballards LLP Oakmoore Court Kingswood Road Hampton Lovett Droitwich Worceslershlr8 WR9 OQH Bardays Bank plc Bankers Page 1 Three Roses Homes Limited Truste8s' Report The Irusloes, most ofwhom are also dlreclors of the charity for the purposes of Companies Act 2006, pr&senl the annual report logfyther with the financial slalemenls and auditors, report of the charilablg Company for th8 year ended 31 March 2025. Objectlves and actlvltles Objects and aims The main objectlV6 of the charity is lo pyovida residential car6 for adults with learnlng disobilities. Tha directors have continued lo meet this objective by.. Providing a high standard of ttccommodalioii al the residential buildi￿ al Holy Cross, Clenl Ensuring that the managei and her team remain hlghty moliv81ed and trained Providing facililias and support lo ensure that all residents have the opportunities and options lo experience as full a life as possible with a wide range of aclmlies. Our slandards are Ljnderpinned by those laid down by the Cara Quality Commission ICQCI, who inspect tha home on a regular basis. Thè Regislgred Manager is tasked wlth maintaining these standards, and the Trustees lake advice lo en8urts any inspèctions will meet thosè standards and correct any failings as 800n as possible. Thg Trustees have established and implemented a financial Control system, with a view lo keep income and costs under control on a monthly basis. Objectives, straÉegles and actlvltles The main activity of the charity continues lo be provision of care for the residents, which, with the increa8ing age and frailly of many of our residents, we are planning developments within the building lo suit their changing needs, with more space for them to have peace and quiet. In addllion lo residential care. we are continuing lo operate day care services. In planning our aclivtli68 for the year we kept in mind the Charity Commission's guidance on public benefit al our trustee meetings. Use of volunteers The diredors wish lo acknowledoe the excellent contribution made by all the le&m of slaff and volunle&rs in their efforts on behalf of the charity. Page 2 Thre8 Roses Homes Limlted Trustees. Report Achlevements and performance Charitable aetlvltles The 2024-25 financial ye8r marks the 53rd y$ar that the home has bean open. W8 are pleased to say that the Health & Safely and Fire Risk Assessments have improved this year, following the improvements that we made to these in 2024. During the year, Sue Wllliams, who was already a trustee, has been made a shareholder and director. Also, during the year, Robin Wilson made the decision to rellra as a director bul this did not come Into affe¢l until June 2025. Currently, he ramains a Irustee-shareholder. Fundralslng actlvliies W& ¢onllnuèd fundrai8lng activilles In 2024-25, most nolabty the Summer and Chrlslmas Fayre8. We do not employ a p8id fundraiser, bul volunteers and staff have been giving up IhÈlr free lime and th8 Regislered Manager has conlinuecl lo coordlnate this. Internal and external factors The Iruslees have made a full ass8S8mgnt of the internal and axt&rnal factors that may affect the8e financial slalements. At the beginning of our linanclal year, we ohlalned a valuation of Ihe pioperty, in readiness for the audit that would be necessary, having achieved a turnover eX￿edIng £1 million. We have had two deaths In 2024-2026., for four month8 of the year only 13 of our 14 beds were occupied. We weye very fortunate that the vacancies were able to be filled more qulckly Ih8n In the past, meaning that our Income was reduced l)y around £4fJ-50,000. Reroollng, as predlcled in our last Annual Report, was requlred and in addllion, a disused water towar bounded by the roof needed 211enllon. and the decision was made lo demolish it al the same lime. The reroofing commenced shortly beforè the end of our financFal year with completion ol the works being within the financial year lo 31 March 2026. Financlal posltlon The charity is in a satisfactory financial posllion with net a88els of £1,561,100 12024 £1,594,243). The statement of financial activities shows a decrease in fund8 of £33,142, compared to an increase in funds of £803,877 in 2024. The magnitude of the increas6 in 2024 wa8 due lo tha property revaluation ga5n of £702,812. Prlneipal funding sources The princlpal lunLling sources of the charily 8re fees in re8pecI of car6 provided, whlch are charged lo various local authorities and inlegraled care boards. Payment for our day care attendees is made from ellher their person81 funds or Iheii care package. Donations contlllU8 to provlde a valuable SDur¢e of additional income, as w811 a8 our active local fundraising pragramme lo improve the fabric of the property and provide addilional benefits to residenls. Page 3 Three Roses Homes Llmlted Trustees. Report R9senies policy The directors aim lo keep sufficient free cash reserves not only lo cover short-temi fluctuations in cash flow, such as a delay in receiving funding to provide increased care needs of residents and void periods between residents but, furthermo￿, in the event that govgrnmenl funding Should coase, also lo be able lo enable care lo continue in the short-term whilst residents were re-homed and to fund staff redundancy poy. Our regular expenditure has increased significantly in recent years due lo a combination of inftalion and the increasing complex needs of our residents. Having Sel our minimum level of the res6Nes for 2024-25 al £250,000, which we comfortably exceeded, we will rgvrew Iha value of the reserves required annually. appioximalinu lo our anlicipaled averag6 quarterly expenditure. Prlncipal risks and uncertalntles The fisks relate primarity lo void periods as a result of loss of regidenls, Mainly through death, following which, lime is necessarily lost as potential new residents are assessed and agreement for funding is sought, increasing care needs as residents become more infirm not being matched by funding and the fact that our fees, both for the ba8ic care costs and for additional 1..1 cara, are negotiated with Social Services from the variolts L[￿al Aulhorilles who have pla￿d residenls with us, rdlher than dictsted by us as a provider. Future plans The primary 0￿ectIVe remains the provision of a safe and secure family4ike environment. in which residential Iwhich may include respite carel and day Care is provided lo adult special needs seNice 8ers. Th8 Iruslees (Ire aware that local authorities are under pressure lo reduce their costs, and Ihe funding of social care is not always forthcoming. Our fund-raising policy is based on the day-lo-day cost of running the home being ¢overed by fees. The cost of major essential and various diserelionary rojecls. holidays, outings et¢ for residents to be met by a combination of local fundraising and applications lo granl-making bodies where appropriate, and lo fundrai8e locally lo provide for various pmja¢ts, holidays, outings elc. for our residents. structuie. govarnance and management Naturé of governing documont The Charity is controlled by ils governing document, the Memorandum and Articles of Association, and is a Ilmited company, limited by shares. Since the end of the 2023-24 financial year, a T¥usl Deed dated 1990 has come to light. Ihe existen of which none of the members of the company were hitherto aware. Legal advice has been oblained, the Trust Deed ha8 been declarod valid and as a consequence, steps have been taken lo make a few administrative changes at Director l Trustee I Shareholder level, in a¢Gordance with the Trust Deed. Recrultment and appolntment ol trustees New directors I Iruslees are recommanded by one of the existing directors I trustees on the basis of their knowledge of such candidates. They meet ii)formally Mqlh the di¥e¢lor8 I trustees who make a d8Ci8ion as to the suitability of the candidate taking into account the particular skills and expertise that they may bring lo Three Roses and how these may dovelail with the needs of the charity. Prior lo the appoinlmenl they are inviled lo allend a directors meeting and ob8erve prO￿dUleS. The appolnlment is then madg in accordancè with the Articles of Association and. for future Iiuslees, the Trust Deed, Page 4 Three Roses Homas Llmlted Trustees, Report Induetlon and training of trusteés New directors I Iruslees ara provided Mqlh copies of relevant Charily Commlssion publications, copies of recent directors Ilruslees, meellng minutes and the last sel of annual accounts to assist them in becoming familiar with their responsibilitie8 and the woiking of Three Rose8 Homes Limited. Arrangeinents fors8ttlng key management personn81 remuneratlon The Trustees l Directors themselve8 do not Teceiva any remuner8llon or oxpenses in relation lo Ihair voluntary aclivilies. Trustees l Directors sel the salaries for the management, which are reviewed annually., our policy Is lo ensure that management and staff are remunerated fairly in accordance with equival6nt roles outside the charily, bul also lo ensure that pay is sufficiently allractive lo relain quality staff, 2nd in line with legislation. We strive to ensur8 that this is maintained within budget, while endeavouring not lo limit tho care hours that wa can provlde. The task of the management1s to achieve the care requireman18 advised by the CQC using the fees provided by local aulhorilies. Oryanlsational structure The direclors meet wllh the managament on a regular basis. Thls includes reports from the Registered Manager, Mr8 Samantha Chldler, 81 quarterly meetings to enable Ih6m lo revl@w progress and Considei any issues that may have arisen since the last meeting. The directors make all 81rategi¢ decisions and major operational decisions al the quarterly meetings. Wid&r Network As an iE)dependenl care hom8, Three Roses Homes Limlled is not part of a wider network. Relatlonships wlth relatod parties Care Quality Commlsslon Thr8& Roses Homes Limited worfding of the company and ils 8nvironmenl obtained in the course of the audit, wa have not identified malBri31 misslalements in the Trustees, Rèport. We have nothing lo report in rospecl of the following mallers where the Companies A¢1 2006 requires us lo report lo you rf, in our opinlon.. adequate accounting records have not been kept, or returns adequale for our audit hgve not been reaaived from branches not visited by us., or the financial slalemenl8 are not in agreement w71h the accounting r￿ordS and returns., or certain diselosures of trustees remuneration specified by law are not made., or we have not recenied all the Inform8lion and explanations we requlre for our 8udil. Responslbilitles of trustees As explained more fulty in the Statement of Trustees, Responslbililies Isel out on page 61. the Iruslees are responsible for the preparalion of the linancial slalemenls and for being satisfied that they give a tru8 and fair view, and for such internal control as the Iruslees determine is necessary lo enable the preparation of financial slalemenls that are free from material misslalement, whether due lo fraud or error. In preparing the financial slalements, the Iruslees are responsible for assessing the charity's ability lo continue as a going concern, disclosing, as applicable, mallers related lo going concein and using the going concern basis ol acGounling unless the Iruslees either intend to IKiuidale the chaiily or lo Cèase operations, or have no realistic allernalive but lo do 80. Audilor's responslbilili8s for the audlt of the financlal statemènts Our objectives are lo oblaiii reasonabte assurance about whether the financial slalemenls as a whole are free from material misstatement, whelh8r due lo fmud or error, and lo issue an audilols report that includes our opinlon. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit Conducted in accordance with ISAS (UK) will 81ways delecl a material misslatemenl when it exists. Misstatemen18 can artse from fraud or error and are considered material if, individually or in the aggregate, Ihoy could reasonably be expected lo influenca the economic decisions of u8er8 taken on the basis of these financial slalemenl8. As part of an audll in accordance with ISA8 IUKI, we exercise professional judgement and maintain professional sceplicism throughout the audit. Wo also.. Page 8 Threg Roses Homes Llmited Independene Auditor's Report to the Membets of Three Roses Homes Llmlted Identify and assess the risks of material misslalemenl of Ihe financia5 slalemgnls, whelh$r due lo fraud or error, design and perform Budil procedures responsive lo those risks, and obtain audit evidence ItTral Is suffiGienl and appropiiale to provide a basis for our Dpinion. The risk of not detecting a malerlal misslalemenl resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, mlsrepresenlalions, or the overrida of inlornal control. Obtain an understanding of inleinal control relevant lo the audit in order lo design audit procedures that are appropriate in the circumstances, bul not for th6 purpose of expressing an opinlon on the effectlveness of the charity's internal control. Evaluale the appropriateness of accounting policies used snd the reasonableness of a¢counllng estimates and related disclosures made by the Iru81ees. Conclude on the appropriatenèss of the trustees use of the going concern basis of a￿OUntIng and, bosed on the audit evidence obtained. whether a material uncertainty exi81s related lo evanls or conditions Ihal may cast significant doubl on the charlly's abilily to continue as a going concern. If W8 conclude that a material uncartainly exists. we are Tequiied to draw allenlion in our audittsls report to the related disclosures In the financial sialemenls or. if such disclosures are inadequate, lo modify our opinion. Our conclusK)n8 are based ori the audit evidence obtained up lo the dale of our audil(Ws report. However, future events or conditions may cau80 the charity to cease lo conllnue as a going concern. Evaluate the overall pre5enlallon, structure and conlenl of the financial slalemenls. including the disclosures, and whether th8 finandal slalements represent the underlying transactions and events in a manner that achieves fair presentation. Obtain sufficient appropriate audit evid&n¢e iegardlng the financial information of th6 enti1188 or buslnes8 activities Milhin the charity lo express an opinion on the financial slalemenls. We are responsible for the dlrecllon, supervlsion and performance of the charity audit. Wo lemain 801ely responsible for our audit oplnlon. We communicate with those charged with oovernance regaTding, among other malleTS, the planned scope and liming of the audit and signific8nl audit findings, induding any significant deficAencies in nlernal Control that we identlfy during our audit. M A Skellum (Senlor Slalulory Auditor) For and on behalf ol B211ards LLP, Slalutory Auditor Oakmoor& Gourt Kingswood Road Hampton Lovett Droilwich Worcestershire WR9 QQH Date.. Page g ThreB Roses Hoin&s Limited statement of FlnanGial Activltle¥ for th9 Year Ended 31 Ivjarch 2025 Ilncludlng Income and Expènditure Account and Statement of Total Recognised Galms and Losses) Unrestricted funds Restricted fLEnds Total 2025 Nota Incoma and Endowments froin: Donations and legacies Charitable activities Other trading activities Inveslment income 7,490 997,419 6,370 6,720 710 8,200 997,419 20,997 6,720 14.627 Total Income 1,017 999 15,337 1,033,336 Expenditure on: Raising funds Charitable activities (9.9961 1,042,668 1,052,664 19,9961 1,056.482 13,814 Total Expendilura N6t lexpendilure)lincome Nel movement funds Reconclliatlon of funds Total funds brought fomard Total funds carried fonmard 13,814 1,066,478 34,6651 1.523 33,q42 134,6651 1,523 (33,142) 1,559,497 1,524,832 34,742 36,265 1,594,239 1,561,097 18 Page 10 Thrèe Roses Homes Limlted statement of Financial Actlvltles for th8 Year Endod 31 Mar¢h 2025 Ilneludlng Income and Expend5ture Accouiit and Statement of Total Recognlsed Galns and Losses) Unrestrlcted funds Restrlcted funds Total 2024 Note Income and Endowments from.. Donations and legacie8 Charitable aclivilles Other trading activitie5 Investment income 3,46Q 1,018,484 6,188 2,261 3,460 1.018,484 13,973 2,261 7.7 Total Income 1.03D,393 7,785 1,038,178 Expendlture on: Raising funds Charitable aclivilies {906) 933,481 (9061 936,008 2.527 Total Expenditure Net Incom8 934.387 2,527 936,914 96,006 5,258 101,264 other recognlsed galns and losses Galnlllosses) on revaluation of fixed assets Met movement In funds 702,612 702,612 798,618 5.258 803,876 ReconGlllatlon of funds Total funds brought foNJ2rd Total funds carrled forward 760,879 29,484 34,742 790,363 1,594,239 18 1,559,497 All of the charity'8 aclivilies derive from conlinuing operations during the above two p8ricKIs. Page11 Three Roses Homes Llmited IReglstralion number.. 00966770) Balance Sheet as at 31 March 2025 2025 2024 Note Flxad assets Tangib16 assets Current assets Debtor8 Cash al bank and in hand 11 1,228,426 1,227,327 12 32,258 390,418 422.676 25,553 378,107 403.660 Credltors: Amounts falllng due withln one year Nèt current assets 13 {90.002 46,7451 356,915 1,594,242 332,674 Net assets 1,561.100 Funds of the charlty: Rèstrlcted funds 36,687 34.742 Unrestricteil InGom& funds Called up share capital Unreslricled funds 16 1,524,410 1559,498 Total unrestricted funds 1,524,413 1.561,100 1,559,501 1,594.243 Total funds These financial 8talemenls have been audited under Ihe requirements of Settllon 144 of the Charltles Ac12011. ThlQ,Rfi&lQ em8nts on pages 10 to 24 were approved by the Iruslees, and aulhorised for issue on .................... and %igned on their behÈlf by.. Al Mr CD Bolslridge Company Secretary and Trustee Page 12 Three Roses Homes Llmlted statement ol Cash Flows for the Year Ended 31 March 2025 2025 2024 Note Cash flows from operatlng activitie5 Net cash lexpendilurellin¢ome Adjustmei)ts to cash flows from non-cash itams Deprecialion Investment income Revaluallon of investments L088 on disposal of fixed assets held lor the eharitls own us 133,142} 803,877 8,589 {6,7201 12,028 (2,2611 1702,6121 600 {30,6731 111,032 Working capllal adjustments Ilncreaselldecrease in deb1018 Increase in creditors 12 13 (6.705) 43,257 29,979 26,823 Nel ¢a8h flows from operating aGlivilies 5,879 167,834 Cash flows from investlng activitles Interest receivable and similar income Purchase of tangible fixed assets Sal& of tangible fixed a8se18 Nel cash flows from investing aclivi1188 6.720 15781 290 2,261 {4,308) 11 6.432 2,047 Nel increase in cash and cash equivalents Ca6h and cash equivalents al l April Cash and cash equivalent8 at 31 M8r¢h 12,311 378,107 390,418 165,787 212,320 378,107 All of the cash flows are derN6d from conlinulng operations during the above two periods. Page 13 Three Rosès Homes Llmited Notes to the Financlal Statements forthe Year Ended 31 March 2025 l Accounting policies Summary of slgnFFlcant accountlng pollcles and key accountlng estlmates The principal accounting polictes applied In the preparation of Ih8se financial slalemenls are set out below. These policies have been ¢onsisler)Ily applied lo all the yoars presented, unless otherwise staled. statoment of compliance Tho financial slalemenls have beèn prepared in accordance wilh Accounllng and Reporting by Chaiilies.. Slalomenl of Recommended Practice applicable lo charities preparing their accounts in accordan¢e with the Financial Reporting Standard applicable in the UK and Repliblic of Ireland IFRS 1021 (effective l January 20191- (Charities SORP IFRS 1021), the Financial Reporting Standard applicable in the UK and Republic of Ireland IfRS 1021 and th6 Companies A¢1 2006. Basis of preparation Three Roses Homes Llmiled meols the definition of a public benefit enlily under FRS 102. Assols and liabililles are initially recognised at historical cost or transaction value unless otherwise slated in the relevant accountlng policy notes. Golng concern The Iruslees consider that ther8 are no material uncertainties about the charity's abllily lo ¢onlinue as a going concern nor any significant areas of uncertainly Ihal.affecl Ihe carrying value of assets held by the charity. Incomè and endowments AU income is recognised once the charily has enlillemenl lo the income, Il is probable that the income will be received and the amount of the income receivablo can be measured reliably. Income from provision of seNi¢es is accounled for on an accrLFal8 basis. Other i￿Ome Is accounted for on a receivable basis. Donations and legacies Donations are recognised when the charily has been notified in writing of both the amount and selllement dale. In the event that a donation 1$ subject to conditions that require a level of performance by the charity before the chaFily is enlilled lo the funds, the income 18 deferred and not recognised until either those conditions are fully mel, or the fulfilmenl of those conditions is wholly wlhin the control of the charity and il is prohable that these condition8 wll be fulfilled in the reporting period. Expendlture All expenditure is racognised once there is a legal or conslruotlV8 obligation lo that expenditure, it is probable selllemenl i8 required and the amount c8n be measured reliably. All costs are allocated to the applicable expendilure heading that aggregate similar costs lo Ihal category. Where costs cannot be dire¢lly allribuled lo particular headings Ihay have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of lime spent, and depreciation Charges alloc8led on the portion of the asset's use. Other support costs are Sllocaled based on the spread of staff Costs. Paoe 14 Three Roses Homes Limltéd Notes to the Fillanclal Statements for the Year Ended 31 March 2025 Raislng funds These are wsls incuirad in allraclinu voluntary income, the management of Investmen18 and those Incurred in Iradlng a¢lNilies that raise fund8. Charitable activities ChaTilable expenditure comprlses those cosls Incurred by the charity in the delivery of Its aclimties and services for ils beneficiariss. 11 includes both costs that can be allocated directly to SUGh activities and those Costs of an indirect nature necessary to SUPFX)rt them. Support costs Support costs include cenl¥al functions and have been allocated lo activity cost categories on a has￿8 consislenl wth the u58 of resources, for examp￿, allocating property costs by floor aree8. or per capila, staff costs by the time 8penl and other Gosls by their usagé. Governance costs These include the costs atiribulable lo the charity's compliance with conslilulional and slalulory requirements, including audit, 81rategic managemenl and trustees's me8ling8 and r&lmbursed expenses. Taxatlon Th8 chafily is considered to pass the tests sel out in P￿agraph 1 Schedule 6 of the Finance Act 2010 and IheYefor8 it meets the definition of a charitable company for UK corporation lax purposes. Aocordingly, th¥ charity is potentially exempl from laxation in respect of income or capital galns received within c8legoii95 covered by Chapter 3 Part 11 tsf the Corporation Tax Act 2010 or Section 256 tsf the Taxation ol Chargeable Galns Act 1992, to the extent that such incom8 or gains are applled axclusively to charitablè purposgs. Tanglble fixed assèts Individual fixed assets are Initially recordod al ¢osl, le88 any subsequent accumulated depreciallon and 8ubsequenl accumulated Impairment losses. Land and buildlngs Land and buildings are recognised at cost or, if donated, at fair value at the dale of donation. Land Is not depreciated as il has an indefinite useful life. Buildings are measured under the rev81uation model, 1.8. at falr value, based on perKJdic valuations. Depre¢iatlon and amortlsation Depreciation is prtsvid￿ on tangible fixed assets so as lo write off the cost or valuation, less any eslimatad residual value, over their sxpecled useful economlc life as follows: Depreclatian method and rate 20°k on cost 200/0 on reducing balance 20QA on reducing balanGe 33DA on cost Ass8t class Plant and machinery Fixture and filllngs Molor vehicles Computer equipment Pago 15 Throe Roses Homès Llmited Notès to the Flnanclal Statements for the Year Ended 31 March 2025 Trade debtors Trade debtors are amounts due from ¢ustomer8 for marchandtse sold or seNic6s performed in the ordinary course of business. Trade deblors are recognised initially al the transaction price. They are subsequently measured al amortI8ed cost ￿sing the effective interest method. less provision for impaiimenl. A provislon for the imp8irment of trade debtors is eslablisl)ed when there is objective evidence that the charity will not be able lo collect all amounts due accoiding lo the original l$rms of the receivables. Cash and cash equlvalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible lo a known amount of cash and are subje¢l lo an insignificant risk of change in value. Trade credltors Trade ctedilors are obligations lo pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classllied as current liabilities if the charity does not have an unconditional rlghl, al the end of the reporting period, lo defer selllemenl of tho creditor for al least twelvo months after thè reporting dale. If there is an unconditional right lo defer selllemenl for al least bmelve months after the reporting dale, they are presenled as non-¢urrenl Trade credltors are recognised Initially al the tran8acllon price a￿j subsequently me88LEred al amortisad cost using the effective interest method. Fund structure Unreslricled income funds are geneial funds that are availabl8 for us8 al the truslees's dl8¢relion in furtherall￿ of tha objeclNes ol the chaiity. Designated funcjs are unrestricted funds sèl aside for specific purposes al the discr6tion of the Iruslees. Restricted income funds are those donated for usè in a partlGular area or for specific purposes, the use of which is restrict￿ lo that area or purpose. HIM purchas8 and leasing commltments Rentals paid under opÈraling leases are charged lo the Slalemenl of Financi81 A¢livilies on a slralghl line basis over the period of the leaso. Pensions and other post retirement obllgatlons The charitable Company operate8 a defined contribution pension scheme. Contributions payable lo the charitable comp8ny's pension 8cheme are charged lo the Statement of Financial Aclivilles in tho period lo which they relate. Page 16 Threa Rose5 Homes Limlted Notes to thg Financial Statement5 for the Year Ended 31 March 2025 2 Incomè from donati0115 and legacies Unrestricted funds Restricted funds Total 2025 Total 2024 General Donations and legacies.. Donalions frLx)) individuals 7,490 710 8,200 8,200 3,460 3,460 710 3 Income from charltable activltles Unrestricted funds Total 202S Total 2024 General C8re Home 997,419 997,419 1,D18,484 4 Investment Income Unrestrlcted funds Total 2025 Total 2024 General Interest receivable and similar Income; Interest recelvable on bank deposits 6,720 6,720 2.261 5 Expendlture on charitable activltlès Unrestrlcted funds Restricted funds Total 2025 Total 2024 Genoral Note Care Homa Governanea costs 1,029,454 13,214 1,042,668 13,814 1,043,268 13.214 1,056,482 901.116 34,892 936,008 13,814 Page 17 Three Roses Homes Llmited Note8 lo th8 Flnanclal Statements for thg Year Ended 31 March 2025 6 Analysls of governance and support costs Governance costs Unrestricted funds Total 2025 Total 2024 General Audit fees Audit of the financial statements Other governance costs 4,280 8,934 13.214 4.280 8,934 13,214 6.000 28,892 34.892 7 Net Incomlngloutgolng resources Nel {oulgoingllincoming resources for the year include: 2025 2024 Operating leases- pl&r)t and machinery Audit feès Loss on disposal of fixed assets held for the charity's own use Depreciation of fixed assets Roof repairs 9,590 4,280 600 8,589 69.618 9,452 6,000 lo,￿8 8 Trustèes remuneratlon and expanses No Irusle6s, nor any person8 connected with them, have received any remuneration from the charity during the year. No trustees hav8 received any reimbursed 8xpenses or any other benefits from th& charity during tho year. 9 Staff costs The aggregate payToII costs were as foll¢)ws'. 2025 2024 staff costs during the year wer8: Wages and salaries Social security costs Penslon Gosls 698,576 41,482 10,791 750,849 657,028 37,555 9,477 704,060 Page 18 Threè Roses Homes Limlted Notes to the Flnancial Statements for tha Year Ended 31 March 2026 The monthly average number of full-lyne equivalents (Including senior management leaml employed by the charity waa 20 in 2025120 in 2024) The total average number of persons employed lincuding zaro hours conlraclsl was as follows.. 2025 2024 Admlnislration Residentlal Care 36 32 39 35 No emp5oyee received emoluments of more than £60,000 durino the year. lo Taxatlon The charity is a regislared charlly and is therefore exempl from IBxallon. 11 Tanglble flxed assets Fuynlture and equlpment Land and bulldings Motor vehlcles Total Cost Al 1 April 2024 Additions Disposals At 31 Mar¢h 202S 1,260,362 76,738 578 31,732 1,368,832 578 20,232 20,232 11,500 1,349,178 1,260,362 77,316 Depreciation At 1 April 2024 Charge for the year Eliminaled on disposals At 31 Maroh 2025 60,362 45,011 7,847 26,132 942 19,342 131,505 8,589 19,342 60,362 52,658 7,732 120,752 Net book valu8 Al 31 March 2025 1,200,000 24,658 3,788 1.228,426 At 31 March 2024 1,200,000 31,727 5,600 1,237,327 Included wllhin the net book value of land and buildings above 18 £1,200,000 (2024 - £1,200,000) in esp8cI ol freehold land and buildings and £Nil12024 £Nil) in respe¢l of18aseholds. Page 19 Three Roses Homes Llmlted Not8S to the Financlal Statements for the Year Ended 31 March 2025 Revaluatlon The fair value of th6 companys Land and buildings was revalued on 31 March 2024 by Stuart Doolittle MRICS of Prescise Commercial SuNèyors, an independent valuer. The valuation was based on a "nel developable 8re8" methodology and 88 such the value 18 attributable only lo land. No depreclalion is charged on land. Had this class of asset been measured on a historical cost basis, their c8rrying amount would have been £497,38812024- £497,388). 12 Debtors 2025 2024 Trade debtors Prepayments Accrued income 2,211 17,316 12.731 10,076 15,477 32,258 25,553 13 Creditors.. amounts falllng due withln one year 2026 2024 Trade credllors Other taxation and social security Other creditors Accrijals 63,064 8,823 4,989 13.126 90,C102 20.898 9,117 4,500 12,230 46,745 Page 20 Three Roses Homes Llmited Notes to the Finan¢lal Statements for the Year Ended 31 March 2025 14 Obligatlons under leases and hire purchase Gontracts Oparatlllg lease commltmènts Total future minimum lèase payments under non-cancellable operating leases ar8 as follows.. 202 2024 Othèr Wilhln one ye8r Bètween one and five years 3,120 7,620 fj0,740 3,300 10,740 14,040 15 Pènsion and other schem8s D&f5ned contrlbution penslon scheme The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity lo the schem6 and amounted lo £9,477 (2024 £8,308). 16 Share capital Allotted, called up and fully paid sharés 2025 2024 No. No, Ordinary of £1 each The articles of Ihe Company prohlbit the payment of dlvldends. Should the comparky b& wound-up, any remaining nel assets musl be given lo a charitable or other institution with similar objects. 17 Commltments Capital ¢ommitments Capital commllm6nts are in relation lo the ongoing roof repairs. The lolal amount contracted for bul not provided in the lin8ncial slatemanls was £55,225 (2024 £Nil). Page 21 (D Three Roses Homes Llmlted Notès to the Flnanclal Statements for the Year Ended 31 March 2025 19 Analysis of net assets between funds Unreslricted funds Restrl¢ted funds General Deslgnated Total funds Tangible fixed assets Current assets c￿￿ent l¢abililias 1,228,426 377,989 90,002 1,518,413 1.228,426 422,678 90,002 8,000 38,687 Total net asse18 8,000 36,887 1,561,100 20 Analysis of net funds At 31 March 2025 At 1 Aprll 2024 Cash flow Cash al bank and In hand 378,107 12,311 390,418 Net debt 378,107 12,311 390,418 21 Related party transactlons There were no related paty Iransaclions Irb the year. In the prior year, the daughter of J C Plant, who was a trustee and sharehcldar, was employed by the hartly lor part of the yèar. Her gross payroll costs lo 31 March 2024 wag £26,582. No payments were made in Ihe year lo 31 Ma￿h 2025. Page 24 Iv30ocumthtt &gTh