-.IlthR0s4S
Annual Report
OF THETRUSTEES AND AUDITED FINANCIAL STATEMENTS
FOR THEYEAR ENDED 31 ST MARCH 2022
Rose Road lJ3C
Association
2021-2022
YEARS
Making a positive difference to
the lives of young disabled people
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|Report ofthe Trustees forthe Year Ended 31st March 202
Contents|2|||
|---|---|---|---|
|Thank you.|||3|
|Reference and Administrative
Details.|||.4|
|Our Vision, Mission and Values|||S|
|Message from the Chair —Julie Comer.|||.6|
|Public Benefit Entity Compliance|||.7|
|Strategy Objectives and Activities ..............|||.......7|
|Our Main Activities. .|||.8|
|Our Positive Outcomes
and Impact.|||9|
|Significant
Impacts
and Factors.|||.10|
|Departmental
Achievements
and Performance
Services|||11|
|Oaks and Acorns Respite Units.|||11|
|Family
.|||12|
|Community
Services..|||13|
|Community
Outreach|||13|
|The Hut@Rose Road.|||13|
|Activities. .|||13|
|Avenues@Rose
Road.|||14|
|Fundraising.|||1S|
|Fundraising
Statement.|||.16|
|Our Five Year Plan for 2019-2024.|||16|
|Review ofthe year|||17|
|Fund Movements.|||18|
|Statement
of Trustees'
Responsibilities|for the Annual|Accounts.|22|
|independent
auditor's
report to the members ofThe||Rose Road Association. ....|......24|
|Statement ofFinancial Activities|||29|
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||||||Total||
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Funds|Total Funds|
|||Note|Funds|Funds|2022|2021|
|INCOME AND ENDOWMENTS|FROM||||||
|Donations
and Legacies||2|186,602|133,319|319,921|377,215|
|Charitable
activities||3|2,833,405|537,374|3,370,779|3,603,190|
|Other trading activities||4|80,104||80,104|64,641|
|Investments||5|1,069||1,069|836|
|Total incoming resources|||3,101,180|670,693|3,771,873|4,045,882|
|EXPENDITURE ON|||||||
|Raising funds|||||||
|- Fundraising|||180,098||180,098|154,502|
|—Trading Activities|||112,392||112,392|101,368|
|Charitable
activities||7|2,823,283|693,975|3,517,258|3,311,855|
|Total resources expended|||3,115,773|693,975|3,809,748|3,567,725|
|NET INCOMING/(OUTGOING)|RESOURCES||(14,593)|(23,282)|(37,875)|478,157|
|Transfer between
funds|||||||
|NET MOVEMENTS
IN FUNDS|||(14,593)|(23,282)|(37,875)|478,157|
|Reconciliation
offunds|||||||
|Fund balances at 1April 2021|||2,285,125|1,892,067|4,177,192|3,699,035|
|Fund balances at 31March 2022|||2,270,532|1,868,785|4,139,317|4,177,192|
##
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||||Note|2022|2021|
|---|---|---|---|---|---|
|FIXEDASSETS||||||
|Tangible assets||||2,604,012|2,635,419|
|Investments|||12|||
|||||2,604,012|2,635,419|
|CURRENT ASSETS||||||
|Debtors|||13|908,266|551,218|
|Cash at bank|and in hand|||1,118,959|1,478,925|
|||||2,027,225|2,030,143|
|LIABILITIES||||||
|Creditors: Amounts||falling due within one||||
|year|||14|491,920|488,370|
|NET CURRENT|ASSETS|||1,535,305|1,541,773|
|TOTAL ASSETS LESS||CURRENT||||
|||||4,139,317|4,177,192|
|LIABILITIES||||||
|Liabilities: Amounts||falling due after more||||
|than one year||||||
|TOTAL NET ASSETS||||4,139,317|4,177,192|
|FUNDS|||17|||
|Unrestricted|funds|||||
|General
Fund||||1,210,305|1,191,773|
|Designated|Fund|||1,060,227|1,093,352|
|Total Unrestricted||Funds||2,270,532|2,285,125|
|Restricted funds||||1,868,785|1,892,067|
|TOTAL FUNDS||||4,139,317|4,177,192|
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|||Note|2022|2021|
|---|---|---|---|---|
|Net cash (outflow)/|inflow from operating||||
|activities||18|(292,999)|718,582|
|Net cash (outflow)/|inflow from investing||||
|activities||18a|(68,036)|(125,452)|
|Net cash inflow / (outflow) from financing|||||
|activities||18b|1,069|836|
|(Decrease)/
Increase|in cash in the year||(359,966)|593,966|
|Net funds at 1st April 2021|||1,478,925|884,959|
|Net cash at bank at|31st March 2022||1,118,959|1,478,925|
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|Leasehold|Buildings|1ye straight|line|
|---|---|---|---|
|||15%reducing||
|Building adaptations||balance||
|||209o straight||
|Motor vehicles||line||
|||15%reducing||
|Furniture|and equipment|balance||
|||25% straight||
|Computer|equipment|line||
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||||Unrestricted|Restricted||2021|
|---|---|---|---|---|---|---|
||Voluntary||||2022|Total|
|2|fundraising|income|f|f|Totalf|f|
||Trusts||51,460|86,072|137,532|188,562|
||Community||93,171|47,247|140,418|162,790|
||Corporate||41,971||41,971|25,863|
||Events||||||
||Major Donors||||||
||Other||||||
||Total Fundraising||||||
||Income||186,602|133,319|319,921|377,215|
|||Respite
Services|Commu
nity|Family
Services|Avenues|2022|2021
Tota I|
|---|---|---|---|---|---|---|---|
||||Services|||Totalf|f|
|Contractual
payments||||||||
|from Local||||||||
|Authorities||1,364,012|776,065|16,303|504,852|2,661,232|2,874,709|
|Grants received|for|||||||
|revenue
purposes||42,864|116,365|427,086||586,315|571,221|
|Grants received|for|||||||
|capital purposes||||||||
|Other
Irlcorrlirla|resources|||||||
|from charitable|activities|2,539|102,693||18,000|123,232|157,260|
|Total Charitable||1,409,415|995,123|443,389|522,852|3,370,779|3,603,190|
|Activities income||||||||
||Charity shops and|||
|---|---|---|---|
|4|other trading income|2022|2021|
|||f|f|
||Facilities|80,104|64,641|
||Total Trading income|80,104|64,641|
|5|Investment
income||2022|2021|
|---|---|---|---|---|
||||6|6|
||Interest receivable||1,069|836|
|6a|Raising funds-||||
||Fundraising||2022|2021|
||costs||||
||||6|6|
||Fundra ising costs||160,518|136,032|
||Support costs||18,455|17,367|
||Governance
costs||1,125|1,103|
||Total Fundraising|costs|180,098|154,502|
||Raising funds-||||
|6b|Trading||||
||Activities costs||2022|2021|
||||6
=|6|
||Facilities||106,538|95,574|
||SU p paI"Icos'ts||5,502|5,448|
||Governance
costs||352|346|
||Total Trading||||
||Activities||112,392|101,368|
||costs||||
##
|2022|2021|
|---|---|
|6|E|
|1,261,616|1,208,36|
|930,378|784,288|
|416,228|419,211|
|536,063|562,701|
|338,621|305,140|
|34,352|32,119|
|3,517,258|3,311,85|
||Analysis of|Tradin||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||Support and|g|Raising|Respite|Communil|Family|Avenues|2022|2021|||
||Governance|Activit|Fullde|Service|y Services|Services||||||
||Costs|ies||||||||||
|||||E|E|6|E|||||
||Management|1,348|4,522|34,693|24,495|10,914|12,870|88,842|79,223|||
||Finance|1,786|5,989|45,949|32,442|14,455|17,046|117,667|110,818|||
||Human
Resources|1,169|3,922|30,088|21,244|9,465|11,162|77,050|68,479|||
||Information
Technology|1,199|4,022|30,857|21,787|9,707|11,447|79,019|69,433|||
||Governance|352|1,15|14,364|10,141|4,519|5,328|35,829|33,568|||
||Total Support
costs|5,854|19,580|155,91|110,109|49,060|57,853|398,407|361,521|||
|||||||||2022||2021||
|8|Governance
Costs|||||||||||
||Allocated staff salaries for||accounts|||||||||
||and annual
report|preparation||||||3,570||3,535||
||Allocated staff salaries for||attendance|||||||||
||at trustee meetings|||||||8,663||8,577||
||Allocated staff salaries for||company|||||||||
||secretary work|||||||921|||912|
||Allocated staff salaries for||trustee|||||||||
||liaison and strategy|work||||||7,580||7,505||
||Auditors'
remuneration|||||||15,095||12,360||
||Professional
and other costs||||||||||679|
||Tota I Governance|||||||||||
||costs|||||||35,829||33,568||
||Resourcesexpended|||||||||||
||by the charity|||||||||||
|9|includes:|||||||2022||2021||
|||||||||F.|||E|
||Depreciation|||||||101,009||95,145||
||Auditors'|||||||||||
||remuneration|||||||15,095||12,360||
||Operating
Leases—|||||||||||
||Equipment|||||||853|||564|
##
|10|Staffcosts forthe|Staffcosts forthe|
|---|---|---|
||charity||
||Salaries|and other|
||costs||
||Social security costs||
||Pension|costs|
|2022|2022|
|---|---|
|2,157,281|1,965,426|
|130,466|114,717|
|57,087|51,054|
|2,344,834|2,131,197|
|2022|2021|
|---|---|
|2|1|
|2022|2021|
|f|f|
|237,294|208,384|
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|||Average number|Average number|of|Average number of|Average number of|
|---|---|---|---|---|---|---|
||||employees|||Full-time|
|||||||Equivalents|
||||2022|2021||2022
2021|
||Respite Service||61|59||47
45|
||Community
services||57|43||31
24|
||Family
Services||19|20||10
12|
||Avenues|||4||3|
||Strategic Charity||||||
||Development|||||1
1|
||Raising Funds|||||4
4|
||Irading Actwities|||||1|
||Administration|||||6
6|
||Total||153|||99
96|
|11|Tangible fixed assets|Freehold|||||
|||Land gr|Equipment||Motor||
|||Buildings|||vehicles|Total|
||||||E||
||Cost||||||
||At 1stApril 2021|2,630,593|853,373||95,561|3,579,527|
||Additions||56,517||13,519|70,036|
||Disposals||(1,139)|(15,196)||(16,335)|
||At 31stMarch 2022|2,630,593|908,751||93,884|3,633,228|
||Depreciation||||||
||At 1stApril 2021|417,689|477,966||48,453|944,108|
||Disposals||(705)|(15,196)||(15,901)|
||Charge for the year|26,251|63,353||11,405|101,009|
||At 31stMarch 2022|443,940|540,614||44,662|1,029,216|
||Net book value at||||||
||31st March 2022|2,186,653|368,137||49,222|2,604,012|
||Net bookvalueat||||||
||31st March 2021|2,212,904|375,407||47,108|2,635,419|
##
||13 Debtors|||2022|2021|
|---|---|---|---|---|---|
|||||E|E|
||Prepayments|||83,875|84,712|
||Accrued income|||80,537|10,256|
||Statutory authority|||||
||debtors|||616,357|334,873|
||Trade debtors|||126,481|118,101|
||Other debtors|||1,002|3,262|
||Intercompany||debtor|14|14|
||VAT recoverable|||||
||Income tax|||||
||recoverable|||||
||Total Debtors|||908,266|551,218|
|||||2022|2021|
|14|Creditors|||E|E|
||Accruals|||84,014|86,742|
||Taxation and|social||||
||security|||29,073|25,723|
||Pension|||10,790|10,146|
||Other Creditors|||232|8,225|
||Deferred
income|||||
||(note 16)|||287,657|249,893|
||Intercompany|||||
||creditor|||46||
||VAT due|||477|2,282|
||Trade creditors|||79,631|105,359|
||Total Creditors|||491989|488 378|
|15|Operating
Leases|||2022|2021|
|||||E|E|
||Equipment:|||||
||Not more than||one|||
||year|||853|564|
||Greaterthan|one||||
||year and less|than||||
||five years|||3,411||
||Total operating||lease|||
||commitments|||||
||||Donations|||
|---|---|---|---|---|---|
|||Local|and other|||
|16|Movements
in|authority|income|||
||deferred income|income||2022|2021|
|||E||6|E|
||Deferred income at|||||
||1stApril 2021|210,039|39,854|249,893|174,137|
||Expended
during the|||||
||year|(598,043)|(263,085)|(861,128)|(776,817)|
||Income received|||||
||during the year:|596,370|302,522|898,892|852,573|
||Deferred income at|||||
||31st March 2022|208,366|79,291|287,657|249,893|
|17|Movement
in Funds|At 1"|Incoming|Incoming|Resources|Transfers|At 31st|
|---|---|---|---|---|---|---|---|
|||April 2021||resources|expended|between|March|
|||||||Funds|2022|
|(a)|General
Funds|||||||
|||1,191,773||3,101,180|(3,115,773)|33,125|1,210,305|
|||1,093,352||||(33 125)|1,060,227|
|(b)|Designated
Funds|||||||
||Total Unrestricted|2,285,125||3,101,180|(3,115,773)||2,270,532|
||Funds|||||||
||Restncted funds|||||||
|(c)|Bradbury Centre|1,892,067|||(23,282)||1,868,785|
|(d)|Respite Trust Nights|||||||
||and Equipment|||96,121|(96,121)|||
|(e)|Community
Services|||||||
||and Equipment|||144,349|(144,349)|||
|(f)|Family Services|||397,292|(397,292)|||
|(g)|COVID Grants|||||||
|for the|Year Ended|31st March 2022|||||
|---|---|---|---|---|---|---|
|Other||||32,931|(32,931)||
|Total|Restricted|Funds|1,892,067|670,693|(693,975)|1,868,785|
|Total|Funds||4,177,192|3,771,873|(3,809,748)|4,139,317|
|The Designated
Funds are broken||
|---|---|
|down as follows:||
|Fixed asset replacement|250,000|
|reserve||
|Tangible fixed asset not
easily convertible to cash|735,227|
|COVID-19 Pandemic
Disruption
Reserve|50,000|
|ITInfrastructure
Reserve|25,000|
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|Analysis of net assets|Unrestricted|Restricted|||
|---|---|---|---|---|
|between
funds|funds|funds|||
||||2022|2021|
|Fixed assets|735,227|1,868,785|2,604,012|2,635,419|
|Current assets|2,027,225||2,027,225|2,030,143|
|Investments|||||
|Current
liabilities|(491,920)||(491,920)|(488,370)|
|Long term liabilities|||||
|Total Funds|2r270r532|1r868r785|4r139r317|4 177 192|
|18|Notes tothe cash flow|||
|---|---|---|---|
||statement.|||
||Reconciliation
ofnet|||
||incoming resources to net|||
||cash inflow / (outflow)|||
||from operating
activities|||
|||2022|2021|
||Net (outgoing)/
incoming
resources|(37,875)|478,157|
||Investment
income|(1,069)|(836)|
||Depreciation|101,009|95,145|
||(Gain)/loss
on Disposal
Fixed Asset|(1,566)|2,765|
||(Increase)/ Decrease
in
Debtors|(357,048)|166,024|
||Increase/(Decrease)in
Creditors|3,550|(22,673)|
||Net cash (outflow)|||
||/inflow
from operating|(292,999)|718,582|
||activities|||
|18a|Capital expenditure
and
financial investment|2,022|2,021|
||Purchase oftangible
fixed
assets|(70,036)|(125,452)|
||Sale oftangible
fixed assets|2,000||
||Net cash inflow / (outflow)|||
||from investing
activities|(68,036)|(125,452)|
||Returns on investments
and servicing offinance|2,022|2,021|
||Investment
income
received|1,069|836|
||Net cash inflow / (outflow)
from financing activities|1,069|836|
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