RECISTERED CHARITY NUlBER. 269109 Report of the Tru5tee5 Uniudiied Fittathclal Statemen*5 lor th¢ Ycllr Endcd 31 lr(h 2024 for The Ropn¢r CenteD&r) Trust
The Ropner Centenary Trust Contethts of ItLe Stglemints for the Year Ended 31 March 2024 P*%t Report of the Trusiees Ind¢prndenl Éxaminer'¥ Report Si4lL'IILciII FinAnci&l Acllvlll¢$ Note% Ill Ihe FlnMn¢lAI Sl#lL'mL'niy Dct#llL'd.%lulcmenl of Trln4nclul ilctlFllles
The Ropner centenar Trust Rcport ol Ihe'l'rusiees ror the l'ear F.nded JI lr{h 2024 The Trusttts present ih¢ir report with the financial 5tJletnenlS of ihe charity for th¢ year ended 31 March 2024. The Trnslees hawe adopted the provisions of Accounting and Reponing by Ch3Tili¢s'. Sialernent of Recommended Praciice 3pplicable to chanlies preparing their accounis In ac¢ordan¥e w'ith th¢ Financial Reporting SiandaTd applieable in ihe LIK and Rcpublic of Ireland (FR% 10?) leff¢¢lii'¢ l Jaiiuary 20191. OBJECTJI'ES .4ND.4CTII'ITIF.S Objecliies 2nd gim5 Th¢ obj¢¢s of the chanty gre th¢ relief ofthos¢ p¢rsons consider¢d to be in a condition of pov¢rEy or di5tres5 Or in need of education. Public benefit Tlie charity's aims and achiev¢ments arL Set out '1th1n Ihis rlport. The acti111e$ sei out In this report have been undLllak-en lo funheT the chiE rily's charithble putposes for ihe public benefit. The TNfitees hake complitd '1th thc dury under Section 4 01 thi Cliariti¥s Act ?0 I I 10 haie diiL' reEard lo public benefit guidance published b). the Chariiie5 CvrnTn155itsn and ihe TnL51ees haye paid due rebi3Td to this guidanie in deciding whai activities the ¢haril>' should undertake. .ICHIF_I'ENIF.NT D PF.RFORII.4%CE Chgrilable actiiities During ihL' l'iar ihe cliarily paid 14 grnnts to indii'iduals l?023-. lil and tnade a donation of £).000 to the Middlcsbrough Sca C'adets. n*L'5tfnL'ttt polici objccliic5 Tlii Inl %lF'.IliLI& IS by ihe Trustee5 and iak¢s account ol receni d¥mand for funds. The TnJ5tce5 £on5ider the incorne requiremcnts. IhL risk. profile and IhL mark-ei prosFcts ITr the medium tcrm. The funds may be InvestL itt any iype of In% esimLnr Our 5iralegy is leile.¢d anniiall>. Re5erlies polit allo.5 maxitnum flexibility in delertninin&i inN'e5tinenl policy. Thi currini IL%'L'I of free rLServes proi'ides sutTicieni lundi 10 coier goiemance and sllPPOrt C0515 and to rLspond ti) LMergenC applie4ilions for grants which ma} arise from time to time. Tli¥ LhJnl% has Tro TesifiLled funds and iheri ari nii restriilton% on Ihc ¢harily'5 pow'er to i'est. S I"RLC'TI'RE. (-()I'LR,N,INCE ..IND.11.4%..IGL%II%'I" Cioierning doLwmenl Th¢ charity Is conirollL'd by Its goi'erning docurnenl. 3 deed of tNst and consiiiuies art unincotporaied chariiy. The Ropner C¢nienar)' TNSI is cE)nsiiiuied under a trust deed dated 2 January 1975 and dced of ariation dated 10 Morch 1983 11 15 a re?isiered chanti. number ?69109. Recrttent and &ppointmettl of irusiet5 Tru51ee5 are appointtd by thu Board of Trv4ieLs. New TTuslee5 are gik¢n apPrnate induction io allow Ihetn lo perlomi their dutie5 effectiv¢ly. Organisaiion The TtieS meei annually 10 assess grant application5 and to ¢on5id¢r th¢ Jnvesimeni perfomiance of Ihe a5set5 Risk. The Trustees hale examinLQ the tnajur SlTalegic. business and operaiional risks which thL chanty faces and confirm thar the 5VStems hai'e been estshlishtd to tnablL' r¢¥ular repvrts lo be produced. so th3E the n¢¢essaTh' steps can bc taken to lessen these n5ks. Page I
The Ropnor Centenar)" Trust Report of the Trustee5 for the Year Ended 31 MArch 2024 RF.FEREliCE.4)D,ADIIINI.STIL4TI%'E DETAILS Rogi5tered Charii) thumbtr 269109 Principal addiess 15 Th¢ Ciree High Coniscliffe DARLINGTON Co Durham DL? 2LJ Trustees A P Theakston R J B Ropner Sir H¢nry John William Ropner Indepethdeni EiaminEI A W Luck'Ltt FCA DChA RFP Clii'e Owen LLP ChartCTed Accounlanls 140 ConisLlilTe Road DAKLIN(iTON Co Durham DL3 7RT Tilly Blliliy & Irvin¢ LLP York Charnbe¥s York Road H1& rtILpooI TS76 gDP Bank"Ers Natll'¢st Bank Pl¢ 25 HILh Row DarlinOn Co Durharn DL3 7QP Approi'ed by order of the board ot irustee5 on 2 October ?Oj4 and signed on its behalf by. A P Theaksiott- TN5tee
ljdependtnt EAmlMer's Rtport to itst Try$tee5 of TILe Ropner Ceotenr% Trust Independeni tyamiDer's repori to tht tru5tee5 of The Ropner Ctntenarb Trust I rtpon to the chanty ffiJS¢ttS on my examKnaiion ol tlLe accouDL5 0( Tht Ropnei Centenary T¥y51 Ithe Tnjsti foT the year ended 31 Match ?024. Responsibilities and b5is of report A% the chanry trusrees of ihe TDJsi you are re5pthsib]e for ihe PT¢paTation of the accounls in accwdance with the requireTnenlS of the Charit¢¢s Aa ?01 I I'the Aei'i. I repirt in re5peci of my examination of the TtU51'S accounts carried out under Sectioh 145 ofthe Act ond ill carrying oul examinaiion I hai'¢ folloN'ed all applicable Direcii4)ns gii'en by the Chantv Commission und¢r Section 14515Mb of Ihe Aci. Indeptndeni txmithtr's siiement I h3I'i completed mi examination I confirm th no matrrial matters hai'e come to my attekiion in ¢onnecti¢)n with the ¢xaminatJon giying tne cause to lIe%.e thai in any marial resP¢Ct' accounting records '¢re not kept in respect of the Tn]si as required by Sectjon 130 of the Act". or the accounts do not accord Miih those records. or the accounis do not cotnpl>" "iih ihe applicablc reqements concetning the fotrn and Content of accoun15 Set out in Ihc Chanlies IAc¢ounts and R¢ponsl Re8ulaiion5 ?(KJ8 other ihan any requircment that th¢ accounts give a ttue and fair %'ieM' which is not a matter con51deTcd as part of an independent 3m¢natIOn. I ha'C no concern5 and has"e cotne aCTOSS no other mat*TS in ¢owJectJon M'ith rhe eiaminaliim whJ¢h allcntion should bc drnn In this re1 in order to enable a proper understhtLding of Ihe actnts Ttachtd. A KJ A W. Luck¢tt FCA DChA BFP Clii"t 0en LLP Chartu¢d A¢<ountan 140 Conjsiliffe Road DARLIXGTOX, Co Durham DL3 7RT Page 3
The Ropner Ccntenar) Trust Sttcment of Financial Activilies ror the Year Ended 31 ]rth 20Z4 2024 2023 Total funds Unrestricted fund Notes INCOIIE AND ENDOW.]ENTs FRO,11 Investhielli incorne 48.466 43.660 EXPL,NDI"IbRk 01 Cbarltble actii-itie5 Donations Grdnls pa)'able 2,000 25.390 26,887 Tolul ?7.3 26.887 Nct gainslllossesl on ittv¢simL'nls 12.768 159,9631 ET INCO.IIEIIE.KPENI Dl'l"LIREI 33.844 143,1901 RECON'CILI.ITION OF. F"UNDS .236.J75 1.279.565 TO"I',IL FLINDS C,IRRIED TrORI%'.IRD 1.270.?19 1 ?36.375 The notes fomi paft of these financial 51alernents Page 4
The Ropner C.entenari' Tru51 Blllllnce Sheet 31 .114r¢h 2024 2024 UnTesiri¢ied fund 2023 Totsl funits Noies IXED ASSETS Ini. j%trnents 1,202,690 1.173.352 CURRENT rlSSET Prepaymeniq and w¢cru¢d income Cash 31 bank 5.784 63.807 5.534 60,368 69,591 65,902 CRLDI foR Aiiiounis fallinb due within on¢ year 11,0621 12,8791 67,529 63,023 I.I.IIIILI-riF.'.s 1.270.719 1.236.375 177U.?19 1.?36,375 ?70.219 .230.375 1 ty70.? Iy 1 •36.375 Th¢ finan¥ial 51al¢m¢n15 wcrc appruvd by th¥ Bi)ard ol. frusl¥Y4 and auihori5¥d fur is$ue on • OclLib¥r ?11?4 and werL' 5i¥ned on 11$ b¢half by.. A P ThL'aksion Trusi¢e The notes fomi part of Ihcsc financial siaiLmen15 PagL 5
Tht Rop#tr Centenary Trust otts lo Ihe Fina4¢ial Stmeuts for the Yer Ehded JI Ilxrcb 2024 ACCOL',%TING POLJCIFS Basi5 ofprtparing the fiDn¢i¥l SiittmeDt5 The financ1 51alemetLts 01 th¢ chariry. M'hich is a pthlic benefji entity unthr FRS 102. have been prepared in accordance uiih the Charities SOiiP IFRS 10?1 'A¢counling and Reportjng by Chariijes." StsTneni of Re¢omm¢nd¢d Practice applicable to chariries prepariDg their accourtts in aecoidance w'ith th¢ Fin30¢1al Reporting Standard appljcable in the L'K and Republic of Irelaryi IFRS 1021 letyxiie l January 20191., F¢nanc¢al Reporting Siandatd 102 Tr Financial R¢porting Stsndard applicable in the UK and Republic of Ireland.. and tht Charities Aci 2011. The financial ststements hai'e bttn Prepad under the hi510rical cosi conyention. as m(Klifi¢d by th¢ revaluaiion of certhin assets. Th¢ financial 51atem¢nts hai'e been prepa¥ed io give a 'irne and fail, view and ha'e d¢paned from th¢ Cbantits (Accounts and Reports) Regulitjons 21K18 only to the exieni required kn pr"Ide a -InJe and fair 'le. This dLparture has Ini'oli'cd follovtring the Accouniing and ReportiThg by Charities preparsng IheiT accounts In aiCOTdance w'ith rhe FitLancJ31 Reporting Standard applicabli in the UK and Republic of ITeland IFRS Ioty) lilTiLlii'e l January ?0191 Tather ihan the Accounling and Reporting bv Chariiies". Statement ol RLYommcndtd Practice effectii't from l April ?5 wthich has since been withdrawTr. The financia] 51aternen are prepared on a going concern basis. The princi] a¢¢tsuntin¥ policies adopted in ihe preptsration of ihe financ1 statements we set out below. ithnrlal rvpvriing 5tand•rd 101 rcdurcd di5cIosuTC Clelllptions The chJrin ha£ tak-in ad¥antJgi l)f thi fL}IIo InLY diS11i)5ufi iximptlcln in prepaTing these financial Slaieinenls. as peitnirted b)" FK5 IU? T1 ktnaniial Retxinin8 Sthndard appli¥abl¢ in the UK and Republic of I14nd,. th¢ Tequirements ofsection 7 Siati'ftk't)i of Cash Flows. Intoming resour¢e$ InioininLi fiioufLLS ihat may . appli& for th¢ charitys g¢tval puryM)ses I. tmod •s'unresiri¢ied' incoming rL'SoufLiS and ari io'L"nri.¥tTILlid Fund%. 11 hiTI IrKotni bs f&NIJITLTrd ro be f(>T J SPLIIii PUTP05e. the amouni Is trLated as'restricied. incoming r¢sourc¢> and is crcdJi"d io thi )ppwpn)tL'fLStricied fund.. Inkestment income is account¢d for in th¢ p¢nod in 'hich the charity is eniiikd 10 reeeipL Re50urre$ eiptrtded .411 ¥xnditrk. J¢¥OUllt¢d for on an accruals basis and has been Classifi undcr hcadings ihai aggregate all Costs relaied lo the caleg0.. M'heTe cosis catLllOi be diTecils' artribuied to parricular healings they have b¢en allocated 10 4¢tJiiiies on th basis ¢ons¢deTcd IrOl&le by the Tnjskes. Support C0515 have l*en allocatcd again51 Ihc c0515 of the C11.1&ble aciivitics of the Trust. Gokernan£e costs ar¢ in¢lud¢d withio SUPFffi costs. they are the costs of prOlding the goi'ernance infrastrucwre ro the chaTity. Grants payable are charycd tn the )'eaT w'hen Ihe offer i5 conieyed the recipteni except in those cases w4Jere the offer is conditional. such grants bting recognisLd as expenditure when Ihe co1¢lOn$ aitaehins are fuifilied. Reiurned grants are set against grants payable in the >'ear the grant is retttrned T2xatioD Tht charity L5 exempi from on its chantsble a¢ti¥"Ilies. Fund accounting LnresEIICEed funds can be usd in accolllantt w'ith the clwirable objeclii'es ar the dr¢I10Th of the tru5t¢¢S. There are no Tesrrickd fun&. FuTtheT explanatiotL of the nature and pU[W of each futd is inclwled in the not¢$ to the fitLincial stat¢m¢ntS. Pag¢ 6 ontinu¢d..
The Ropner Centenarv Trust Notes to tho Finllncial Statctnent5 eoiillnued (01 the I'er F.nd¢d.11 II&reh 2024 ACCOUNTING POLICIF.S_ tontinved Ilb'¢slfflents Ini'esimenls are sittied tti Ihelr mid-markei I'dlut ai Iht balance sheei dai¢. Any reali%d or unr¢alised Bains or Iossts arL shown in the Siaitment of Financial Actikiiics. Crlilchl Accounilng Judgemtnt$ kei $ource5 of ¢silmgtlon un¢ertAlnh' In the applicaiion ot- Ihe chaTiiy'S dccouniing polici¢s th¢ Tru5t¢e5 are r¢quir<d lo rnake JUdeMentS. estimaie and assumptions About Ihc carryin8 atnounl of cenJin assets and liabilities. The esiimaicd and as%Kiated assumpiions ale based on hisiorieal experienLt and oiher faciors thai are consid¢r¢d io be r¢l¢vani. frlnancll inslrum¢DIs Iinjniial Ili%iruniLn15 ar¢ rQglS¢d al 4rn0rt15¢d ¢051 wiib rhart8es re¢o8ntsed in ¢xpendiiure. Ih'l'F.SI'%IF.liT INC().IIF. 1024 2023 Dividends re¢eii'tsbl¢ 41).958 7.508 38.143 5.517 48,466 43,66U C'H IRII-.-IHI.F'. IlC'-I'II'I I-IP.% C'()s'1- CJrani fiindinb of 5uppEirt 41 nulL 51 Totals DonDliThns Grtsnis pa)'ablt 7.000 23. IIM) 75.100 17.390 0ty4 0•3 Donaiions Grants pgyabl¢ 24.9(Xl 25.100 24.9 The iothl 8ranis paid 10 insitiuiions dursn8 Ihe year was as follows.. 20?4 20?3 Middle5bTOU8h Sea Cadets 7.000 Totsl numb¢r of grnnis paid to indi%'iduals 14 Pa8e 7 ¢ontinu¢d...
The Ropner Certltn#r> Trust otes to the &ln#nclHI StAtemrDt$- contlnued ror the Year Ended 31 lIrth 2024 SUPPORT COSTS Gov¢mance tosis Management Tolals GTanis payAble 550 1,740 Support Cosls. included in th¢ 4bove, are as follows.. Pllgnigement 2024 2023 Adminisiraiion of Ihe charity 550 550 CJUICrnnr£ C05ty 2024 2023 PTofcsstonal f¢¢s IndLpcndLni e.¥aminLY fee 78 1.359 1.740 1.437 TherL' w¢re no ISie¢S, remun¢Tlllion or orhrr b¢n¢fils for th¢ y¢Jr ¢nd¢d J l Mar¢h 20Z4 nor for the year end¢d J l March 2023. E¥p¢nses of t IOQ I?1)?3. L IOU) hai'i bLLn rLiinbursLd 10 Mr A P ThiakSn. a TNsieL'. Durinb, IIIL. yL'thr poymeni of 14511110?J. I4501 madL' li> Mr A P I'li¥'. kslott. 4 Tru41L,. for thL' admini%iraiion ol'ilie Lhorily. Unresiri¢ied lund INC()%IE ,tND EP4D()II'IIEN"1S FR()NI Invesimeni income 43.660 .'IPElI Dll"URfr. UN iir4n15 PdyablL 20.887 Ni1 gain1]05$eS) on invesimenis 59.9631 T I.%CUIIEIIEIPL*4DII"LIREI RECOYI CILI,tTIOY OF FL'YD TLTrlal lunds broui,hi furikard 1,279,563 PagL 8 coniinued...
The Ropner Centtnin" Trusi 401es to the Financi¥l St*lement$- continued lor the Ycar Ended 31 Ir(h 2024 COfvIPARATIVES FOR THE STATENIENT OF FINANCIAL ACTIVITIES- continued UnTe51ticted fund TOTAL FL'NI DS C.IRRIED FORW'PIRD ,236,375 FIXED ASSET IN1'ESTlE1's Lisied ini'¢ssrnents IARKET I'¥lLL'E .4t 1 .4pril ?O?I Addiiions Rei-aluai?ons 16.570 12.768 At 31 March 2024 1,202,690 'kT BOOK N'ALUE Ai 31 Klarch 1074 l ?0? 690 Al 31 MaTeh ?0?3 .173.35? Thi In¥iStmcnis comprise £1.007.760 1?0)3. £979.IY31 IniLSlcd in UK iniesiinenl funds. and 1194.930 12073-. E194.1591 ini-lsted in a corporate bond Tlic historic cosi ol thL Ini'LStmints is E867.867 1?023.. £8i1.2971. A51 Ini'esimenis arL' held primarily for an IniL'51mcnl return. Cost or )lUatIOn ai 31 Mareh 2Q?4 Is rLpfLSLniL'd by. L15ted i-e5mentS V&lualion in 2024 1.20?.690 CREDITORS: .410L.l'Ts F.4LLING DbE Il"i"fHI) ONE l LItR 2024 AccnlS and defetred incotne ?.067 2.879 10. IOI'EIIENT IN FUNDS Nel Moement in fund5 Al 31.3.24 At 1.4.23 L'nreslrkcled funds G¢nLral fuj ?36.375 33.844 ?70.?19 TOT.4L FLl%I 'DS 1.236.375 33.844 1 ?70.Y19 Page 9 continued...
The Ropner Cenienary Trust Note5 to the FÉnanclal Staiemett15- tontinued for tILe Ycar Ended 31 [r¢h 2024 io. lON'EIEyT IIY FUNDS_ continy¢d N¢t mov¢m¢nt in funds. ittcluded in the above are as follows". Incomsn8 sources Resource5 expended ain5 and losses Movement in fund5 Unrostricted fuDds (ieneral fund 48.466 127.3901 12,768 33,844 TO'I'AL fr LIDs 48.466 27,3901 12.768 33.844 Lomparalii'e5 for rnoi"crnent in fund5 Net movement IL funds Al 1.4.?? 31.3.23 LlnrL'ylfl¢ted futhd Ginir)I fund 1.279.565 143.1901 1.236.375 TOT*lL FLNDS 1 ?79.565 43.1901 1 ?36.37 j Comparaii¥k' nkl moi'em¢nt In fiinds. Includcd iii thi Jboi'c arL' a% folloi4'5'. Incomirtg resources Resoiiries expend Gains and 1055e5 lo¥-tmeni In funds Llnreslri¢ted fund$ Cieneral fund 43.660 126.8871 159.9631 143.190) "roT.4L FL)DS 43.660 1?6.8871 159,9631 143.1901 A curreni year 12 months and prsor year 12 months ¢ombined p)sstion is as follows.. Nvl ovement In fund Al 1.4.22 31.3.?4 Lnic51rlrted funds Ciiniral lund 1.279.565 19.3461 1.270.?19 I'OT..IL FLNDS 1 ?79.565 9,3461 .270.)19 Page 10 continucd..
The RopDer Ceotenn Trust 401es fo the Trinanrial Siatemtnts- continued ror the l'ear Ended 31 Ilarch Z014 io. lol,EIET IN FLlIYDS- eonrfDvEd A cutteNI Jear 12 tnDnth5 and prr Jt3r 12 combined net movement ID fi]nds. included in the aFK)ve are ès follows.. In¢oming urces Resoufces Gaitis and ¢wd losses Moi'em¢nt in filt$ L'nresirltttd futtds General fvnd 92.126 154.?771 {47.195 19,3461 TOTAL FII%DS 54.?771 147.195) 19.3461 Gtncral Furtd. This fijnd repTEsentS UnT¢Stncd rtsource5 ab2ilabie foi the 8etLttal work of the charity. REL.4TED PARTI- DISCLOSL'RES There were relaled part). It3[¢tiOnS for the year ertded 31 MaTeh ?0?4. Pagell
The Ropner Cethtenlry Trusi Dei*iled S¢Aternent of Financial ActiFitie$ ror thc Yoar Ended 31 larCh 20?4 20?4 2023 INCO1 AND ENDO11,IETs Jnveslment income Dilidends reciiiable Inierest receiiable 40,958 7.508 38,143 5.517 48.466 43,660 Total in¢oming resources 48.466 43.6 EXPENDITURE 2.000 23,100 lirants lo indii'iduals 25,1(MJ 24.91M) Support Costs Adininisir3111)n of the ch3riry 550 550 Go%¢rnan¢e tust$ Protes510nal lees Indipendenl exatniner fee 78 1.359 1.673 1.740 1.437 Toial rcsource5 erypended 27.390 Trq¢l income before gains attd Iu55C5 21,070 16.773 Nei gain(1059¢$) on inv¢stmtnts 59.9631 Net incumclle.Kpenditurel 33.844 43.1901 This page doe5 not forrn pan of th¢ statutory finartcial slaletnenls Pag¢ l?