The Rou hle haritable Trust Accounts 5 A ril 2024 tered 0. 264037
The Rou hl Charita le Trnst tered Char Numbe 264037 Ad ve Address The Rou8hlryCharitable Tru 562 Kenilworth Ro•£ BaJs8Jl Commot Coventry. CV7 7RL c0rresp0ndent@rghleYuWS(W&uk httpJlWww.roughleytrusLoUk Tru$¢e¢s Martin CG Smith. John RL Smith. Verity E Owen. Rachel A Richard& Ben M Newton. Comilla Newton. (Chairl Carolin¢ Ward. Gillian Ball John RL Smith. RetiTed 8th t)ecember 2023. Qillian Ba]1 AppoiThted 8th D¢¢•ntr2023 Inde ndent Audlt Lu£kmans Du¢kett P8rktt Limitcd I 110 Elliott Court Cov¢nty Busine55 PaTk Herald Avenue Coventry CV5 6UB coun¢nts G. C. Cooper A¢counthrb¢y Ud. 5 Church Mews Barlby. S¢lby. North Yothir& Y085LL
The Rou hl Charitable Tr Investment Man RBC Brewin DolphiJL The Chaiwin Buildi 81 Colmore Row. Bimiit)gh8JY B3 2BA Banke HSBC Bank pl 168 Warsrone Lan4 BinninghanL B186NP. Solieito Shak¢5Fwe Martitw. No I Colmor¢ Squ Birnii B4 6AA.
The Ro hl Cbaritable Trust Truslees, Re rt r ended S A rll 2024 The Trustees present their Annual Ryrt for the yeaT ended the 5th April 2024. Estsblishment:. The Tntst is a registered dwity No.264037 and was establssheJJ on the 18th Awil 1972 by a De8J of Th1 by the Settlor Mts M.K.Smith a1 is constituted as an unincryrnted association. Both Maisie Smith and her husband Geofftry were Birniingham people. Maisie had growm up in Moseley and Geoffrey in Handsworth. Geoffrey came from a Itne of butchus aThJ farnieys. His father wal Smith built up a chain of but¢h¢ry shops between the war& Maisie's ancesto were (arpenters and build5. It was Bryants the buil¢kn stsrted by Maisie's gr4ndfather and run by her brother Chri& which fIed on the StLKk ExLknge and w)vid¥J Maisie 4TKI Geoffrey with the financial means to estsbli5h the TSt. The Trust accepts unsolicited Applications from Bilmingham Chtritits who rned our el11111ty Criteri The Tnt uses its knowledge of BTrmin8ham 10¢81 iwes aTrl nelgh1Krtrh to swjport applicants who the Tnjst believes L7n use Mode gtanis for the weat¢s¢ benefit The Trust interests are quite wide4anging. The Tntst is con¢¢rned aixmrt Climate change 2nd environmenL and 8¢tively seeks greater engagement. The Trust also addre55es special need& depri7thtion •TMI disadvantagq fostering health and well being. and supports Herits8e and Arts projects. In small ways. th¢ TnLsI wants to make a big differentt to the projects it S[)S. In addition. the TTUSt seeks io SUPErt causes in whith the Wors ha¢L or Tntstees ha a psonal inl¢r¢st or involvement as guided by the Trust Deed and Letter of Wishes of the Settlor. These are described more fully below. The Tn does not accept unsolicited applications in these cate8ori¢& er GrnDts The Trust 8iYes'larger grants, to a small number of Bimiin81M TegIStOI charitie5 of which one or more of the Tntstees hav¢ a special knowldg¢ or inteTesL NatlODal aDd Over5ea5 Cknritles Trustees Tegularly offer 5upF a sm811 nthnberof development Charities worf(ing oversea Trustees give up to 5 Gap Year 8fdnts to Birniingham students Working overseas between SchTrJl and Univetsty. Their reports on rebjrning are showm ott the TThL s w&ite. The Trusvs 5tsategy for a¢hievin8 these objectives is to wefully manage its Tesoum to wduce an InM¢ which is sustainable and ideally growing over the long tem. Some short4erni volatility in capital value aNI InMe is experted gi th¢ nature of investsnent assets. The Trust does no¢ seek io rnise ffijnds frnm the public. Ivin Trus¢ees aim to visit several of the projects SUPrted each year. The Trust th Appli¢ants to provide detsiled InfOrn aih)ut their proitras and their ¢wYent financial positirm a1 inSpts their latest aecounts. Infom)ation provided is cross checked against the Commission re¢ords. The Trust also undertakes firther Internet research of applican AW60 GrnDts From November 2015 the Roughley Charitsble Tn has been awarding a Tmjmber of AW60 gr8nt& and showing thes¢ s¢pArdtely in the Grant li*ing published on the website. The Tnjstees of the AW60 Tntst have genrfously gifted to the Roughky Charitable Tn& on the informal urtdetstanding that during Anthony Wilson's lifdime. the Roughley ChaTitabk Try# will alway$ give favourable consideration to projects nominated by him up to the likely value of the income on the gi
The Rou le Charitsbte Trust 'Re cont'd ear ended 5 A ril 202 for the Covernauce and Man The Truslees are wible for FYeparin8 the Report aThl Financi41 Statements in accordan with 4)plicable law and United Kin8dom AcC(lting Standard5 (United Kid0M Gener41ty A¢cq&a Accounting Prndice). The Law applicable lo Charities in Engtsnd and W4ks vequires the Trustees to PTepaTe Financial Statements for each Finaltal Year which give a and fair view ofthe state of affai of the Charity and of th¢ incLYning resou and application of resources of the Charity for that perHYJ. In preparing the Finan¢iaJ StsteM¢n the TnLStets are required to: . Select suitable accounting policie5 and apply them ¢OfLsisnily. . Observe the methods aThJ principles in the Charitie5 SORP 2019 (FRS 102). . Make judgements and estimates that are reasonable and . Stste whether appli¢able ?Onting styndarts have followol sub)t to any rnateriai (kportw disclosed ond explained in the Financial Sthtanents. . Prepare the Winan¢iai Swements on the going cCn basis unless it is inaFPTOPTiaie to pwme that the Charity will continue in busines& The Trustee5 aTe resFonsible for keeping proper accounting records th41 disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the FTrwKial Swernts comply with the Charitie5 Act 2011. Ihe Charity (Accounts and Reports) Regulations 21X)8 and the PTovisions of the Trust Da. Th¢y are also res1$1bIe ftsr safeguarding the assets of the Charity and hence for fakingTea)abIe steps forthe Fyeventioj) ddedion of fraud gnd othu irregu18rities. Powers of Investment:. The TnISte have 11 and wwestriLd pwers of inv&slmenL The p)rtfolio is by RBC Brewin Dolphin (previously Brewin Dolphin Ltd), wlK> are given discretion io invem the fimds of the TnLSt subject to the guidelines and Invesirnent Policy Sthtement established by the Trustees and subject to on80in8 and regular oversitht by the TnL8tees. Broadly speaking, the Trustee Investment Policy is to nwximise fimds available for t-ml while Feservin8 th¢ 1 value of the portfolto overthe medium terni. All market values used within this Rep)rt and Accounts have been provided by the Invesmt Manager& Ethleal *nd Social ible IDV Tn]stees will not inv¢5t in wnpanies whose 7K¢ivilies pre1bmirtty involved in toba. tsr * themul 1, or mining of rare metals or fossil e1$. Th¢ Tnee$ also wish to identify companies working in areas thai positively affe¢l the environm¢nL who contnl)ut¢ to the MmlI¢jeS where they are base41 and to exclude compankes wlH)se contribution taken acriY3s the whole range of their work is perceived as newive. Tnwees aIw want to 5UPP)rt develowent in the third world. Trus¢e¢s wish to invest in cornpanies who Provide a net $1(1¥¢ ¢ThWibUti to the environm1. In addition. the Investment Mana8¢r5 are rwir¢d to rep)rt on Environmentsl, Social & Govern (ESG) ch8racteriAics of the investment portftilio to qwitify these risks. This facilitgt¢s of thB ESG wronnat of the Wfolio ongsIde any financial metrics. Tntts understand that the ideNity of all underlying investments held in a collective v¢hi¢le may not be obviou% and therefore that the scope of ethi1 ¢on5i(kration5 SU1n& coIEecttve inveskn¢nts will be limitrd The TTU5tee5 uTrJerstand that taking ethical Considerations into aoUnt may impact on the investment perforrnance. The Trustees Tevi¢w¢d the Investme Poltcy durin8 the year and * an updateAI policy dated Decemb¢r2023.
The Rou hl Chari¢Able Trus Trustees, Re ort eont'd for the rll 2024 Public Benefi The Trstees have referred to the Ctwity Commission's general Guidart¢e on public neFit when reviewing the Charity's aims and objectives and in planning its a¢tivities. In particular. the TTUSte¢s ¢onsider how 8ny activities will contribute to the aims and objectives of the charity and satisfy the public benefit requirements. Plans for Future Per The Trustees will endeavour to smooth grant distributions over time subject lo cEwi8es in investhient in¢ome. while keeping tigh¢ conth)l of administration costs. The Charity notes changes in charity legislation and seeks guidance from the Charity Commission to ertsure that the Charity rnplies wilh r¢quir¢ments that affect its WO and staius. Achleveme rm The results for the year ar¢ set out in the Ststement of Financial Activities on page I l. The Tntstee5 carefulty consider appli¢aiions and I looking lo ¢ontribute towards beffer Culre and social sttuctur< predominantly within the Binningham are& During the year the Tn]st aw2rded 8rants totalling £213.500 (2023: £201.0). as detailed in full on pages 1>17, in line with their stated objectives. 2023-2024 2022-2023 International Birniingharn L4rger Grants BimiinEham Smaller Gr4nlS Gap Year Awards AW60 Grants £62,000 (4) £64,5(K) {5) £74,000 {22) £Nil £13,000 (3) £72,000 (5) £58.000 (5) £58,000 (19) £1,000 <2) £12,01)0 (3) Totsl Visit the Trust website www.rou historical Grdnts. 5t. -uk to see detsiled infomtIOn about eligibility criterii limelable and rettnt and FinAn¢lal Review'_ The Charity manages its capital resources carefully with the aim of d¢Tiving a sustainable income for grant makins. The Investments are managed by the Investment Managers in accordanc¢ with the Investmeni Policy Ststement set and periodically reviewed by the Trustee& The CEwity's ¢apitsl value has seen an increAse during the year of £406,912 and at the year ended 5th April 2024 totalled £8,086,985. The sources of income for th¢ Charity are created by the portfolio of investments and two invesknent propertie$. The Inyestmenl Committee meet twice yearly with the Investment MangeTh to review the investment portfolio composition and perfornianee io ensure it meets the objectives sel out in the Investment Poli¢y. The TrusRes are satisfied thai ihe portfolio is managed in accordance with the policy. Perforn]ance of the portfolio is monitored against the objeclives ond various market indices and ¢he Trustees are satisfied with the fOrMance outcomes. A$ interesi rates have been higher than for most of the last de¢ad4 fifftds awaiting grant distribu¢ion are placed on deposit with th¢ aim of achievin8 the best overall return whilst taking minimal risk 4nd ensuring availability in time for th¢ grnnt meeting.
The Rou hl Charitable T Trustees, Re cont'd r tbe ended S A ril 2024 Goln nce The eapital value of the investments has recovered tn the la& year. Afttr reviewing the Charitys Positio the Tntee5 have reasonable expectation that the Chartty ha5 adequate re5(w¢ to continue in owional existence for the foreseeable fire. The Charity therefore conlinues to aWth¢ going cThJc¢rn iwi5 in PTeparing its fmancial ststements. k Mg119 ementr.- The TnLStee5 place a hi prtortty on risk m3nageiiKM. In the view of the Truses. the majorrtsk is consideroj to be a bstantIal or pernianent reduction in the capttal value of the investhient portfolio and the inc(Mne that is derived frorn it. The TTUStees me with Investm¢n¢ Mangers twice y¢arfy, to review their invW1rnen etisuri that risks are reviewed and documented and th steps to mitigate such risks are established and execuied. The Trte¢S a ]Sfied that sy#ans are in place to miti its these risks p)S5iblc. Reserve Poli Trustees take the investtnent income generatd in th¢ ftt)ancial y¢ar to April and rffovided there are no obvious big changes in investment Te¢urns, use this in order to decide the level of grants to award the following Novembtt. Trnstees aim to keep the value of their capital risin8 in real ternis over the long try and only to distribute income after allowing for the costs of managing the Charity. Th¢r¢ 15 therefore no requirement to kttp a specific ieirl of reserves. Powers of A In¢ment:. The statutory powets of appointment apply to the Tnt and is exercisable by the continuing TnE5tee5. New Trustees are 0vided with a history of the Twsl a of the Tnjst Deed and Investmeni Policy along with a copy of the Charity Commission guidance CC3 - The Essential TnBtee: Wh you need w know. what you need to do. and a copy of the handbook. In addition, an annual visi¢ day is OT8anized kn visit some ofthe projects the charity supw)ns to assisL imkNDve and upda¢¢ th¢ Trnstees knowledge of grantee5. The Charity has no direct Employ¢es. The Trusttts d¢¢lar¢ that they have apFYoved the Truste Report above and is signed on behalf of the Tnm by.'- Rh¢1 A Richards. Tntee 29 Novemlxr 2024
Tbe Rou hl Charitable Trus Re rt of lh¢ Inde nd¢nt Auditors to The Trustees ofThe Rou Charil4ble Trust We have audited the financial siamenrs of The Roughley Charithble Trustl lthe '¢hArity') for the year ended 5 April 2024 which comprise the Statement of Financial Aciiviiies. the Balan Sheet, and notes 10 the financial staiements, including signifiwit accounting policies. The financial ryrting framework thai has been applied in their preparation is applicable law and UniEed Kingdom Ae¢ouniing Stsmdards. including Financial Reporting Standard 102 The Finon¢iol Reporring Standard ¢7ppli¢oble irt the UKondRepMbli¢ oflrelond (Unld Kingdom Generally Accepted Accounting Practice). In our opinion the financial sÉaiement5'. . Give a true and fair view of the State of the charity'5 affairs as ai 5 Aprtl 2024, and of it5 incoming resources and application of resources. for th¢ y¢ar then ended; . Have been properly prepared in a¢cordan¢e with United Kingdom (knerally Accepted Accounting Prac¢ice'. and . Have been prepared in accordance with the requirements of the Charitbes Act 2011. Basis for O We conducted our audii in ac¢ordan¢e with Iniernational Sthndards on Auditing IUKI IISAS IUKII and appli¢able law. Our r&sponsibilities under those standard5 are further describgj in the Auditors. responsibilities for the audii of the financial sthtemenis section of our pOrt. We are independent of the charity in accordance with the ethie&l requirements that are relevant to our a111 of the financial siaiemenis in the UK including the FRC'S Ethical Standard. atKI we have fulfilled our other eihical resw)nsibilities in accordance wilh these iequirernents. We believe that the audit evidence we have obtained is sufficieni and appropria to provide a basis for our opinion. Conclusions Relati to Goin Collcerll In ktsditing the fitMnci&I statements. we have cOTluded the irusie4s' use of the going concern basis of ac¢ountin8 in the preparation of the financial statements is appropriate. Based on the work w¢ hav¢ wfornd. we have noi entIfied any mat¢rial uncertainties relating to events or conditions th, individually or collectively, rnay casl significant doubt on the charity's ability to continue as a going concern for a period of at leasi twelve months from when the financial siatemenis are authorised for issue. Our reswtrnsibiliiies and the respnsibiliiies of the th]skes with respect to going concern are described in the relevant sections of this reporL Other Inforlnatioll The tNstees are respon5ibl¢ for th¢ oiher Information. The other inforntIon MpriseS the infomialion in¢lud¢d in the Annual Repor¢ other than the financial s¢atem¢nts and OUT Rewrt of ihe Independent Auditor5 ihereon. Our opinion on the financial statements does noi cover the other infomiaiion and, ex¢epÈ the exient otherwise expli¢itly stsl¢d in our repoTL we do not express any fonn of assurance conclusion thereon. In connection with our audit of the financial stsi¢m¢nts, our responsibility is to read the other infomation and. in doing so, consider whether th¢ other infomatiort is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materiAlly mi55tated. If we identify such material inconsistencies or apparent materi81 misstatements, w¢ aTe required to detemiine wheth¢r this gives ri5¢ to a material misstatement in the financial staiements themselves. If, based on the work we have performed, we conclude thai the is a material misstaiement of ihis other infom8tion. we are required to report facL We have nothing to report in thi$ regard.
Re rt ofthe Inde Dd Dt Audi rs to The Trwslees of The Rop ritable T Matters on whi uired to re exee We have nothing lo report in ffspea of the following matters where the Charities (A¢nts and liem) Regulations 21X)8 requires to report to you if. in our opinion: . the inforniation given in the Report of the Tn is irKortsislent in any material with the financial statements. or . sufficient a¢¢ounting OrdS have not been kepL or . the financial statemenis are noi in agreement with the a¢¢ountsng OrdS aNI rett]ms: or we have not received all the information aTrl explan*10 we require forrw audiL 118ibilities ofTrnstees As explained more fully in the Ststement of TCes. iieswibiltiiA the trustees 8re responsible for the preparation of the rinancial ststements which give a true and fair view. and for su¢h internal conDY)l as the trteeS deterniine is necessary to enable the preparation of firwKial ststements that are free from mawial mi&8tskmth4 whethtt due to fraud orerror. In preparing the finan¢ial sthtemert the trustees are resn$1bk for assessing the chariW$ ability to Continue as a going concen disclosin& as appli¢able, mattets related to going concern and using the going concern basis of a¢counting unless the tru¢e$ either iniend to liquidate th¢ chatity or to cease owations. or have no realistic a]temative but to do so.
¢ lllde Ddent Auditors to The Trllste of The Ro Cknrilable Trust Our res ottsibilities for the Audit of the Finaneial t¢meDts We have been apwjinted as auditors under Section 144 of the Charities Act 2011 and rewt in accordance with the Act and rel¢vant regulations made or hav¢ng effect thereu1er. Our obiectives are to obtsin reasonable aswrance about wlth the financial sthtements as a whole are free from material missthtem¢rtL whether due to fraud or em>r, and io is5 a Rewt of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of a55ufdnce. Emjt is not a guarantee that an audit conducted in accordance with ISAS (UK) will alwdys deted a rnat¢ria] mi551at¢m¢nt when it exists. Missthiements can arise from fraud or error and are considered material if. individually or in th¢ 4ggrwt¢. they could reasonabty be ex(ed to influence the economic decisions of users tsken on the basis of these financial gtstements. The extent to whi¢h procth are capable of detecting irregularitie4 including fraud 1$ detailed below. Our approach to des]]ng audit procedures by tailoring and directing testing w aid and the detennined level of risk. In response. the procedures we perfom to deterniirte the level of risk include.. - reference hisiory and exwiencc of Entity. WMI - enquiry of managemenL including thining and miewing S[Wping do¢um¢ntstion Wing the Eniitys procedures relaiing to: • identifying and ¢omplyin8 with and regulations and they wele of any instsnces of non compliance- . detection and response to risk of fraud and whethtr Ilw tre of any a¢tual orswted instances of fraud. and assessment of the controls and Proces that the Entity has in plKe to mitigate risk Our awssmenLS in¢luded th¢ ideniification of the following p)teniial areas for ftaud. . management override of control., and venue recOlt10n. particularly in Tespe¢t of delivery of services These Procedures. and the extent to which thty are ¢apable of deteaing irregularttiffj including fraud are Iletailed below.. • Critically &ssessed the appropriateness and testing the appliclon of the menue and cost rerwition licies,. testing the appropriat¢ne55 of a¢¢ounting eMimaK journAls and other adjustments in the preparation of the financia] staternents. ' reviewing th¢ Entitys accounting policies for non-complian¢e with relevant standarts: and • making erquiries of managemeni and reviewing cotteSdence with the relevant authorities to identify any irregularities or instance5 of non-¢omplignce with laws and regulati(w. In perforniing an audit in a¢¢ordance with UK GAAP. we exercise professional judgement and rnaintain professional scepticisrn throughout the audit pro¢¢ss. The risk of not dthaing a material mtsstatrment re5uhing from fraud is higher than for one resulting from error, as frl may involve collusion or override of iniernal controls. There are inhent limTtations in the audit procedures rforn)ed. Th¢ ¢xient to lch ow wocedures art ¢apable of detecting iwlaritiA inc1lng rTal is detsikd below: Ow approach to designing audit pr(Ur¢S by tsiloring and direaing testing to aid and support the deterniined level of risk. In response, the procedures we p¢rfoTm io de¢erniine the level of risk in¢lud¢.' . reference to history and experience of the Eniiry: and • enquiry of managemenL including obtsining and reviewing supportirg do¢umentstion corKerntng the EntiWs procedures relating to: identifying and cornplying with laws and regulations whetherthey were awue of any irtSta of non compliance. . detection and response to risk of fraud and ether thry were aware of any acts•l or sSpeCd instances of fraud. and Our assessrnents included the identification ofthe following potial areas for fraud.. management override of control. and • revenue recogniiion. particulorly in resF¢rt of delivery of services
Re ort of the lllde ndeD¢ Audilorj to The Trustees of The R I Cbrltable Tn1 rRes onsibili¢ies for tbe Andit of the finndl Ststements These procedures. and the extent to whi¢h they are w8ble of thcting Iegularl11e$. including fraud. are detailed b¢low.' ¢riti¢ally assessed the apprOpTien and iesting the applicatson of the relue and ¢0# Tecognition policies- testing the appropriateness of a¢coth)tin8 tlmaJ0naIS and other adjustments made in the pr¢parnti(m of the fitydncial siatements. reviewing th¢ En¢ity'S accounting policies for nonvcompliance with rekvam standaTds' and making enquiries of management and reviewing corresponderLce with the relevam authorities to identify any irregul8rilies or InstreS of nonrycornpliance with laws tegulations. In perforniing an audit in accordan¢¢ with UK GAAP. we exthrise professional judgement and m•inthin professional s¢epti¢ism throughout the audit process. The risk of not deteding a Mer1d1 misstatement resuking from fraud is higher than for one r¢sulttng from error, as fraud may involve collusion or oveTride of internal Controls. There are inherent limitations in the audit pro¢edurw pttfornied. A further description of our responsibilities for the audit of the financial sthrements is locad on the Financial Reporting Council's website at www.frc.or&uklauditorsrewsibilitie& This description forms wt of Rewjrt of the Inde1 Auditors. Use of OurR This report is made solely to the chariry's trustee4 as a body. in accordance with Port 4 of the Charities (Accounts and Reports) Regulations 21M)8. Our audit work has been undertaken so that we might state to the ¢h•rity'S trustees those matters we are required lo stst¢ io them in an audilors, r¢poff and for other purpose. To the fullest extent permitted by law, we do noi accept or assume responsibility to anyone other than the Charity and the charitys tsuMees ag 4 bfyjy, for our audit worK for this reporL or for the opinions we have fornied. ra Luckmans Duckett Parker Limited I 110 Ellioll Coun Cov¢ntry Busin Pwk Herald Avenue Coveniry CV5 6UB [5 2c&irJ l()14 10
The Rou hle Charitable Trnst Statement of Finttncial Activitie8 for the earended 5 A ri12024 2023 Unrestrieted Funds Income Investtneni Income Totsl In¢ome arising during the year 288,705 288,705 281.384 281,384 Resourees Ex ended Direct Charitable Expenditurt:. Grants and Donations Other Expenditur¢:_ Adrninistratron Costs 10 213.500 201.000 45.202 44.904 Tota] Resources expended 258.702 245,904 Net IDcomlng for the year 30,003 35,480 Net Ineome before Valuatlons 30.003 35.480 Net Gainsl{Losses) on Investments:. Realised Urtrealised 389,870 (12,961) 376,909 {40,105) 510,46 (550.572) Net Movement in Funds 406,912 (515,092) Total Funds brought foTrwd 7.680,073 .195.165 Total Funds carried fonvard 8,086.985 7,680.073 The notes on pages 12 to 16 form part of these Financial Statements. The Charity has M recognised gains or Ii)sses other than those ststed above. All incomirtg resources and resources expended derive from Coniinuing activities.
Tbe Rou bl Charitsble Tru Balance Sheet asatSA ri12 Notss 2(124 2023 Inytttmetsts 7.962J99 7.451,463 Debtors and Prepayments AccTued Interest: Cash at Bank 2232 15,882 129226 147J40 2J18 245.515 247.833 Current Liabilities Sundry Crediiors 22.754 19223 Net Current Assets 124.586 228.610 Net Assets 8.086.985 7.680.073 rfseDted b Capltsl Aeeount:. Settlement Fund Revaluation Reserve Income Accounl 2.813.379 1.337.811 3,935.795 2.813,379 1.350.772 3.515.922 8,086.985 7,680.073 The notes on pages 12 to 17 form part of these Financial Ststemrnts. Approved and signed on behalf of the Tntres. Rachel A Richards. 29 November 2024 12
The Ro hl Charitable Trust Notes to the Financial Statements for the ear ended 5 A ri12024 Balis of P ratioo of Financial Stsiemthts The Financial Sthtsments have been prepored in a¢cordance wilh the Statement of RecomTnended Practice (SORP) "A¢¢ounling and Reporting by Charities" applicabk to chariiies preparing their Financial Statements in accordan¢e Wbth the Financial Reporting Stsndarth appli¢able in th¢ UK and Republic of Ireland (FRS 102) issued on 1$¢ janu 2019 and the Ch1¢1¢$ A 2011. Fln•n I Ststemellts on • GOID CoTrcern The Trustees consider there are no mtrIal w)¢enainii¢s ilwt the Charitys Jbility to continue a$ 8 goin8 ¢on¢ern. Investment income is wiunted for in pmod in which the Charity is entitled to Tecei rtes Ex Expendiiure is includ1 on an accnjals 1$ and includes auributhble VAT whi¢h ¢annot be recovered. GT8nts payable payments made to third Frties in the fitheran¢e of the ¢lwitabl¢ objectives of the Charity. Flxed tlnv muts Investments are included At their fair value At the Balknce Sheet date. The Staiement of Financial A¢iivities includes the net gains and losses arisin8 on Tevaluations and disposals throu8hout the year. Unrestri¢l¢d funds are avai18bl¢ for w at the discretion of the Truses in fifftheran¢e of Ihe g¢n¢ral objects of the Charity. it l Fund The Trust Deed allows ihe C4)ital Fund of the Charity to be spenl 8$ tncorne or retained as wital the TNsttts' discyrfion. However. the Charitys current FK)li¢y is to rethin the capital as a fund to generate investhients income for 8ran¢-makin8. Investmen¢ 8ains or losses arising on disposlll of fvnd assets ar¢ trgnsftrred to the Incorne Fund, while those arising on revalU10n are held within a separate revaluation reserve fomin8 pan of the Capithl Fund. The income fund is an unrestri¢red fvnd and 1$ expendable at the discretion of the Trnsiees in furtherpnce of the objects of the Charity. Income is derived from the investment of the Chariws Capital Fund. vl Trusttts, Remunern¢k)n a The TnteeS neither received nor were entitled to re¢eive any emoluments in the year (2023: £nil). However, Administration Costs shown in note 4. show no reirnbursernenl of Ve1]In& subsis¢¢n¢e and related expenses to TTUSt¢es in th¢ year. (2023: £117.). viifi Yestment PTO The Property valuations are undenen by a l(xai ir*ndent Fwfessionally qualified examiner. The Charity has rto direct Employ¢¢s in this ¢umt )taT {2023 None) 13
The Rou hl Charitable Trnst Notes to the Fiualltial St*iements ror the ear ended S A ril 2024 2 General InfonnatiOD . The Chority does not have any •wme or restriaed Funds. . The Charity does not have any material commitinents provided for in these xcoun . The Charity has not given any guaranttts to third parties. . The Charity has not made or bw grdnied any loans. . The Charity has not made any ex%ratia panents. . Sufficient t¢sour¢e$ 4r¢ held in an approwtat¢ fomi to enable the Charity to cany out its activtties. . The Charity does not have any Materi red assets 1¢h have not been capitali5ed and in¢luded on the balance . Th¢ Charity does have any material fwd &WL4 lCh have not been capitalised and in¢luded on the balance 2023 3 Inyestmettt Intome Dividend5 on UK Equities Dividends on Overseas Equities Dividends on Unli TnL% Oversos Ini¢rest stks & Bond% Unit TnLrf Fixed Intest United Kingdom Fixed Interest on & Bonds Propety Income D1stnUtl0n UnT¢¢d Kingdom {GovermneM ofj GiltBondS Interest received on Brokers twits Intere& received HSBC Deposit Intere received HSBC Mojw Maker Rental Income from Investment Properties 65.394 42.802 53,896 10.( 7.831 37.461 3.533 20,591 221)0 451 87220 41,492 62,164 10,897 2.015 30,820 1,508 4.562 471 j i 4.117 40,425 288 705 40,235 281,384 4 Admlnlstratlofj Costs Audit and Examinerf Fees Bank Charges Brokerfs Portfolio Service Annual Sofre Licence Offi¢e Expenses Expenditure on Prop Meeting Expenses TTUSttts Travel and Subsistence Se¢retariY41 SeTViCeS Subscriptions Web Site Manag¢m¢nf oThJ Mainten 7.562 47 28226 95 625 531 597 8.850 137 26,823 600 1.629 565 117 5,250 677 256 44,904 6250 719 550 45202 14
Tbe Rou hl Charitable Trusl Notes to the Financial Ststements for the ear ended 5 A ril 2024 2023 5 Investments UK Equities Overs¢a5 Equities Unit T5 United Kingdom Fixed Interest on Stocks & Bonds Uniied Kingdom (Governmi on GiltslBon Properties:. Freeholds Market Value at end of Year 1,663,412 2.466,034 1.875.096 1,037,084 450,773 2.040.864 1,758,397 2.069,362 904.993 237,847 470,000 7,962.399 7,451,463 6 An4 hlDV Market Value at beginning of YeaT Acquisitions * Cost Disposals at Canying Value the 7.451.463 1.455.454 1.328.88 7.578,030 384.369 7.962,399 7,965.797 957.068 1978,441 7,944.424 492,961) 7.451,463 Net Increase on Revaluation Market Value at end of Year 7 Debtors nd Pre Debtors and prePats 2,232 2232 2,318 2.318 8 Sulld Creditors Creditors and Accruals Rent Received in Advance 14.754 9,440 9,783 19.223 22.754 9 De¢lara¢ions (11 Suffi¢ient TEsources are held in an 8PPTopriate form to enknle the Charity to be applied in a¢¢ordance with its (2) The Trusttts have not changed the yearend de northe length of the Charitys financial period. (3) The Charity does Thx have any desIed F. (4) The Charity does not have any subsidiary compani (5) The Charity does t have any tssets cl&wd inalienable or histori¢ at the date hereof. (6) The Charity does Th)1 haye arty fixed assets whith have not been capita]ised (7) The Charity does have arty intangible assets. 15
Tbt Rou Charitable Trust Notes to the Flnanclal StAtemeDts ear ended 5 A ri12024 24 2024 nlA IcatiODS Appropriate T¢¢hnology Asi• Fistula Lap Spi Practical Action 24.¢Y)O 20.(K)O 10.(yJo 62.000 Btrml ham A IA rallts Birmingham Churches Togdher- Restore Binningham Settlemenl Hopc Projccts WCA Midlands MAC Si Annes Hoste] (Ba]SAiI H¢ath) 35.1 5JOO 64,500 Peacemth (West MidldS Quthr Pce ProjeL) St Germain's Wellbeing St Mark's Community Hub 11.000 Ack¢T5 Adven(UT¢ Birn)in8ham Boys & Girls Union Birn)in8ham Civic Sotiety C8rrs iAn¢ cout1]irtB ctre SpilTe Sttvices Sports4 Life UK 23.51 8ndA Entraide Mutual Aid WowKn with Hopc A¢a¢ia Farnily SuPrt Beyond the Horizon BÈnxingh8m Samaritans Martineau Gardens Ncw &8innin8s Community ROAM hi HIse Square Pes Activities Limiod 28.5 Birningham Ba¢h Choir Bimiirhgham Con¢¢Tnpornry Music Grp 16
The Rou Charitable Trust Notes lo the Financial Ststements for the ear ended 5 A ri12024 24 24 10 D AW60 Cr8nts Hope Proj¢¢ts West MidJond8 Women wilh H 13.000 Total Crnnts 213.500 17