Annual Report OF THE TRUSTEES AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 2023-2024
The Rose Road Association Report of the Trustees for the Year Ended 31st March 2024
This is the report of the Trustees for the year April 2023 to March 2024. It is prepared in accordance with all statutory and regulatory requirements, taking into account the Statement of Recommended Practice issued and revised in 2019. The report seeks to provide a summary of activity and achievements during this time.
Registered Charity Number (England and Wales): 276172 Registered Company Number (England and Wales): 01366534
This document can be made available in other formats. Please contact us on 023 8072 1234 if this would be helpful.
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The Rose Road Association Report of the Trustees for the Year Ended 31st March 2024
## Contents
Thank you....................................................................................................................................3 Reference and Administrative Details......................................................................................4 Our Vision, Mission and Values.................................................................................................5 Message from the Chair - Julie Gomer.....................................................................................6 Governance.................................................................................................................................6 Public Benefit Entity Compliance..............................................................................................6 Strategy Objectives and Activities.............................................................................................7 Our Main Activities................................................................................................................8 Our Positive Outcomes and Impact....................................................................................9 Significant Impacts and Achievements.............................................................................10 Challenges.............................................................................................................................11 Departmental Achievements and Performance...................................................................12 Oaks and Acorns Respite Units.........................................................................................12 Community Services...........................................................................................................13 Avenues................................................................................................................................14 Family Services....................................................................................................................15
Fundraising Achievements.......................................................................................................16 Fundraising Statement.............................................................................................................17 The year ahead and beyond 2023-2028: "Care & Ambition"...............................................18 Principle Risks & Uncertainty...................................................................................................19 Review of the year.....................................................................................................................20 Principle Funding Sources........................................................................................................20 Fund Movements.......................................................................................................................21 Statement of Trustees’ Responsibilities for the Annual Accounts.......................................24 Independent auditor’s report to the members of The Rose Road Association.................26 Statement of Financial Activities..............................................................................................29
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The Rose Road Association Report of the Trustees for the Year Ended 31st March 2024
## Thank You
The Trustees are indebted to each and every donor and supporter for all the generous donations made during the year. This includes individuals, companies and charitable trusts, those who have remembered us in their wills or provided services at low or no cost, and volunteers who give their time so freely to help us.
We value and thank all of our volunteers, staff, trustees, our members, ambassadors, many supporters and the children, young people and families that we support who have all helped to make a difference this year. We specifically acknowledge the following grant giving organisations for their significant support during this period.
Beaulieu Beaufort Foundation Geoff & Fiona Squire Foundation Gerald Micklem Charitable Trust Hampshire County Council LCP Foundation MACE Foundation Manali Charitable Trust Masonic Charitable Foundation Morrisons Foundation O'Sullivan Family Charitable Trust Portsmouth City Council Richard Kirkman Trust Screwfix Foundation South Western Railway Southampton City Council St James's Place Foundation The Department for Education (DfE) Weinstock Fund West Berkshire Council Windruff Charitable Trust
We offer special thanks to **Edward Gostling Foundation** for believing in us, and their long-term commitment
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The Rose Road Association Report of the Trustees for the Year Ended 31st March 2024
## Reference & Administrative Details
Registered Charity Number: 276172 Constituted: 20th July 1970 Company registration: 01366534 Country of Incorporation: United Kingdom Incorporated: 4th May 1978 Trustees and Company Directors: Julie Gomer (Chair) Con Attridge (Vice Chair) Chris Sirl (Treasurer) Doug Miller (resigned October 17th 2023) Jane Lyon-Maris Kym Provan Sam Clough Sheila Stokes White Paul Best Zoe Evans (resigned 27th Feb 2024) Chief Executive Officer: Steve Swift Principle and Registered office: The Bradbury Centre, 300 Aldermoor Road, Southampton, SO16 5NA Telephone number: 023 8072 1234 Website address: **www.roseroad.org.uk** Auditors: Sheen Stickland, 7 East Pallant, Chichester West Sussex, PO19 1TR Principal Bankers: National Westminster Bank plc 43 London Road, Southampton SO15 2BL Solicitors: Womble Bond Dickinson Oceana House, 39 ‐ 49 Commercial Road Southampton, SO15 1GA Patron: Dame Esther Rantzen DBE Ambassadors: Martin Jay CBE DL Bruce Elkins FCA Janice Viveash Paul Murray MBE Geoff Holt MBE DL Nina Schofield Michael Kurn Nick Vaughan Richard & Jane Smith Kerry Swain Alan Blair MBE Alice Carroll Karl & Kim Simmonds Clive & Eryl Thompsett Gay Drysdall Angela Howes Nina Basset Mike Andrews
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The Rose Road Association Report of the Trustees for the Year Ended 31st March 2024
## Our Vision, Mission and Values
The Rose Road Association started in 1952 as a small group of parents who provided education, activities and support for disabled children and young adults and their families. The need for our services continues to be in high demand, and we continue to have at our heart the needs of the whole family.
## Our Vision:
A community where disabled people and their families can thrive, feel a sense of belonging and achieve their aspirations.
## Our Purpose:
To make a powerful, positive impact for the lives of the people we support. To be recognised as an adaptive, highly skilled and preferred provider of services to people with disabilities and their families and to be regarded as an organisation driven by care and ambition.
## Our mission:
To empower disabled people and their families, through personalised, high-quality care and support, to lead the life they choose whilst also creating an environment for our staff to grow and develop.
We will actively listen to our stakeholders, break down barriers to access, and share our expertise to create a more inclusive society – utilising technology to improve our service provision and user experience.
## Our Values:
**----- Start of picture text -----**
We are We are
We are We are We are
Open and Forward
Trustworthy Kind Professional
Honest Thinking
**----- End of picture text -----**
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The Rose Road Association Report of the Trustees for the Year Ended 31st March 2024
## Message from the Chair, Julie Gomer
As you will read in this report, it has been another very busy year for everyone at Rose Road. Our brilliant teams have worked hard to reduce waiting lists and to increase the number of young people and families we support. We took the decision to increase the pay for care staff to help tackle the ongoing challenge of recruitment, and I am delighted to see vacancy levels falling dramatically. Balancing this with the needs of our local Commissioning partners has been challenging and we thank them for their compromise and support.
Our purpose-built site, the Bradbury Centre, is starting to show her age and it has been a busy year upgrading and developing our spaces to ensure our young people have the very best experiences when staying with us. We are so very grateful to all our funders and supporters who have made this possible.
The demand and need for our services continues to increase, as does the complexity of the children we care for. We have lots of challenges ahead to ensure we can support all those who need it, including developing our community outreach plans to be more accessible county wide and to ease the pressures on space within the Bradbury Centre.
We couldn't do any of this without our dedicated and passionate staff team and our incredible community of supporters. I thank them sincerely for all they have given this year. I also thank each of our Trustees for the support, knowledge, challenge they bring to their role.
## Governance
Our trustees come from a diverse range of professional backgrounds and we regularly undertake Board health-checks to understand better where and when we need to recruit. Our Board includes family members who use our services, people with lived experience of our cause and local people passionate about removing barriers for disabled people. Trustees undertake a vigorous induction process which includes spending time with our staff team and service users. We are actively seeking to recruit people who better represent the cultural diversity of the city in which we are based and are currently working through the Charity Governance Code, Principle 6: ‘Equality, diversity and inclusion’, to help us do this better.
As well as our quarterly Board meetings, we make decisions through our two main subcommittees. The Finance & Fundraising Committee and the Quality, Standards and People Committee. Alongside our decision making function, trustees attend a regular Strategy Group to help shape our future plans. We are excited to be launching a Young Persons Committee soon, the young persons committee will work alongside our Board of trustees to help inform decisions about our service and other provision locally.
## Public Benefit Entity Compliance
The Trustees confirm that they have complied with their duty to have due regard to guidance on public benefit published by the Charity Commission in exercising their power and duties. The public benefit of the charity’s activities are outlined under “activities” and “outcomes” in the following pages.
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The Rose Road Association Report of the Trustees for the Year Ended 31st March 2024
## Strategy Objectives and Activities
**2023-24 has seen the first year of delivering our new strategy “Care and Ambition”. Our short-term Strategic Objectives (Years 1-3) are for improved service delivery, improved choice for service users and improved organisational stability. This year we focused on:**
## **Improved Service Delivery**
- Meeting all care packages and reducing waiting lists
- Increased staff retention rates
- Complying with all relevant legislation and maintaining gradings of ‘Good’ with Ofsted & the Care Quality Commission (CQC)
- Improving quality of estate and increase the adult respite unit by one bedroom
- Developing a strategy for our fleet of vehicles to make more effective use of resource and enable access to a wider range of activities
- Developing new services and provisions – including a young persons’ committee
- Increased use of technology to complement, enhance and improve service delivery – to have, at least, implemented and embedded a new digital care system and to have automated payroll, expenses and mileage tracking
- Developing a range of audit functions to identify where improvements are necessary
## **Improved choice for service users**
- ·Identifying opportunities to enhance our current provision to provide additional choice to service users
- ·Providing structured after school activities
- ·Creating an activities coordinator role to improve and increase choice for children and young adults accessing our services
- ·Adapt the sensory provision across the organisation to enable more people to access sensory experiences – and to improve the current sensory space to allow for a more person centred approach to its use
## I **mproved organizational stability**
Pricing services appropriately to ensure financial
- stability is achieved and maintained Meeting increased fundraised targets Increase level of free reserves
- Improve and increase engagement of volunteers
- Identify professional development opportunities for
- all staff Grow our apprenticeship offer
- Development of a community footprint using either
- retail or hospitality services to increase income as well as community identity
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The Rose Road Association Report of the Trustees for the Year Ended 31st March 2024
## Our Main Activities
## **Overnight short breaks**
We provide 16 respite care beds for 49 weeks a year at the Bradbury Centre, our purpose built unit in Southampton, where children, young people and adults can enjoy an overnight break, a weekend break or a week-long stay depending on need. During their stay they have access to a range of activities and outings and are given opportunities to develop and practise independent living skills.
## **Community Outreach**
Available 7 days a week on a one to one basis, our outreach service provides domiciliary care, leisure activities in the home or community, special outings, and trips to see friends or to attend activities.
**#Destinations** is a day service that provides young adults who attend Rose Road all day with activities in the community and sessions with purpose.
We create a person-centred plan to inspire them to achieve their own personal goals. Each person has 1:1 staffing to help them work toward their targets.
For college leavers aged 24-26 who require a combination of education and community based services, we have **The Hut @ Rose Road** . This service is run in the building next door to the Bradbury Centre and can be a stepping stone to #Destinations. It supports them in a positive environment allowing them to thrive in a safe space.
## **Young Adult Specialist Provision**
Avenues College has been designed to extend learning opportunities for young adults, aged 19-25, with severe/profound learning disabilities with additional physical and sensory needs. The model of education standards we are using is based on the success, knowledge, skills and understanding of Rosewood Free School.
## **Activity Schemes**
We offer a range of activity schemes in the school holidays and on Saturdays for children and young people from across Southampton and Hampshire. These schemes provide disabled young people with much needed opportunities for play, and a social setting in which they can relax and take part in activities. They also enable parents of disabled people to remain economically active.
**Family Support**
We provide Information Advice and Support to disabled children and young people and their families. These services were delivered in West Berkshire, Southampton, and Portsmouth. We also supported 2 Parent Carer Forums to represent the views of parents of disabled children in strategic decision making.
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The Rose Road Association Report of the Trustees for the Year Ended 31st March 2024
## Our Positive Outcomes and Impact
## **Support for family units**
Respite care and short breaks make a huge contribution to the prevention of family crises by decreasing the stress levels experienced by parent carers. The knowledge that a regular, planned break can be taken is clearly beneficial enabling them to re-charge their batteries and spend time with other family members. Our Family Services empower parent carers and young people, giving them the information they need to participate in decisions about the services they receive.
## **Removing barriers and supporting young people out of social isolation**
With our overnight short breaks, outreach service and holiday activity schemes, children can have fun and develop friendships with other young people. Our Bradbury Saturday Club gives families an opportunity to interact with other families in a safe and supportive environment, it also gives siblings of disabled young people a chance to mix with other young carers and share experiences.
Our Family Services social media presence informs parent carers about local support groups and activities where they can meet other families in a similar situation.
## **Increased social confidence and emotional wellbeing**
A tremendous benefit of respite care is the opportunities for personal development as young people have the chance to visit new places, develop new interests, practice independent living skills and widen their social network. Our services support young people to progress towards preparing for adulthood key outcomes of employment, independent living, community inclusion and health.
## **Wider impact**
Local authorities experience less need for social care interventions, a decrease in costly out-of-area placements and a fall in the number of disabled children entering the looked-after system.
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The Rose Road Association Report of the Trustees for the Year Ended 31st March 2024
## Significant Impacts and Achievements
In the last year we have:
- Maintained our **Good rating with Oftsed** and the Care Quality Commission (CQC) Completed and opened the **new bedroom** in our adults respite unit, Oaks (supporting an additional 12 families)
- Invested in our vehicle fleet with the addition of **three new vehicles**
- **Implemented the OneTouch care system** which has transformed our care planning systems and the way we communicate with families.
- Implemented a **new Fundraising CRM** to improve our efficiency and support of donors
- Introduced a performance and behaviors **framework** , re-introduced a **bi-annual family survey** , implemented spot phone call with families to understand their experience, and increased regularity of staff surveys, supervisions and appraisals to improve our standards
- Increased opportunities for community support in **new geographic areas of need** and identified after school provision with partners for this coming year
- **Developed our Youth committee’s** terms of references and trained staff in coproduction in readiness for launching the Committee
- Recruited an **Activities Coordinator** and increased the range of activities through young people take part in
- Fundraised for and **created a new sensory room** , soft play area and gardens through our Right to Play project
- Negotiated with our public sector partners to **move closer to a full cost recovery model** for key commissioned services
- Drawn down **Apprenticeship Levy** to cover the costs of and started 7 staff on their apprenticeship development journeys
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The Rose Road Association Report of the Trustees for the Year Ended 31st March 2024
## Challenges
Demand for our services continues to increase, but we are limited by our building capacity. We are working hard to identify and secure suitable available land or buildings in Southampton or Hampshire to develop. We have reviewed our plans to develop a community footprint whilst we focus on growth.
Inflationary pressures and increases in the minimum wage have impacted the costs of delivering statutory services and our view is that those who commission these services should pay for them in full. However, the financial constraints local authorities are experiencing has led to challenging negotiations between us. These are partners we value and who have supported us for many years, and we are grateful for their compromises during this challenging financial period.
We identified having an outsourced finance function as a key risk and a significant focus this year has been bringing our finance team in-house. We have retained the staff and their talent, but have had to invest considerable time and finances in a new Finance system that meets our needs.
## April's story, by her Dad, Karl:
April, 23, who has Autism, has been having Respite breaks at Rose Road since she was 6 years old and now uses the Outreach service too, since finishing college.
Karl, says: “April loves going out. She can get really excited about going on trips but can also struggle with extreme anxiety and doesn’t always cope well with taking on new activities. But Rose Road are excellent at managing these situations. They get to know her, plan activities around her interests and work so patiently with her”.
“She struggles to express how she feels and can become very distressed. And naturally as a young woman, she doesn’t really want to be with her parents anyway."
"She wants to be with friends and have some independence from us; she can be herself at Rose Road”.
“Rose Road work with us constantly to make sure April is happy. April is social and likes being in a group. She needs stimulation and wants friends. We can’t give her all of that, but Rose Road does, and she bonds so well to her Support Workers and is always so excited to go to Rose Road”.
## **“Respite at Rose Road is a lifesaver. We have stayed together as a family thanks to Rose Road!”**
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The Rose Road Association Report of the Trustees for the Year Ended 31st March 2024
## Departmental Achievements and Performance
## **Oaks and Acorns Respite Unit**
3,798 overnight stays 110[families]
## **Key Successes in Oaks and Acorns**
Following a consultation with staff we have restructured the Assistant Manager role and split the role into two more focused roles with additional allocated time. This has ensured that we are more effective and compliant in each role and this has been recognised in our monthly Regulation 44 Report as an improved area.
Our new digital care system, One touch, is now embedded and in daily use for all staff and parents/carers. This has considerably improved communication between us and families, and helps us to capture and monitor feedback about overnight respite stays.
We have supported a young person for a year who has been placed in our care. We have had to adapt our bookings at times to accommodate this, facilitate medical appointments/home visits, support wellbeing and physical health. Staff have made positive trusting relationships that have been vital for this period of time.
## **Challenges Experienced**
The past year we were very stretched amongst the management team, and needed to increase the managers we had due to vacant posts and increased workloads. It was a challenge to fill these posts but we have and are now in a great position with a full team in new revised roles.
The need to reduce our agency usage is becoming increasingly prevalent. To do this we have had to increase our staffing establishment to ensure we are recruiting to the correct figures. We currently need 18.1 FTE to meet the needs of the service/establishment.
We have 31 on the waiting list for Oaks and 49 for Acorns. We have had 3 start and 8 in progress. Each time we reduce our waiting list more families are added – we desperately need to increase our reach and capacity to support everyone who needs our help.
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The Rose Road Association Report of the Trustees for the Year Ended 31st March 2024
## **Community Services**
38,438 hours delivered through Outreach, the Hut and Destinations
30 Saturday clubs
55 130 holiday families playschemes
Overall Outreach provided 38,438 hours to 130 families between April 2023-April 2024. Broken down, that’s **11,542 hours in The Hut** and **26,896 hours in Outreach** (including Destinations, weekends and after-school clubs).
## **Community Outreach and The Hut**
The Outreach Service has continued to grow throughout the year – welcoming both new young people and new support staff to the team – providing day services to adults and weekend/afterschool sessions for children and young people. We have developed an activity
schedule, shared by both Outreach and The Hut, including Back Beat Dance, Music Therapy, Boccia and Swimming to name but a few. We have also been able to access a variety of exciting community events including Mocktail making at Orange Rooms, Hydrotherapy in Winchester, Ice Skating, Trips to London, Longleat and a Tour of BBC Radio Solent.
## **Activities**
We continued to offer a range of Activity schemes during the school holidays and Saturday clubs term time at the Bradbury Centre for children across both Southampton and Hampshire. During this year we have delivered 30 Saturday Clubs and 55 Activity Clubs, with over 85 families accessing the sessions. The schemes provide a safe space for young people to
explore the environment and opportunities to take part in activities that they may not have otherwise had access too, as well as providing valuable respite to their parents/carers. The activity schemes have been able to access a range of activities thanks to the Activities project including a visit from Wonderdome Mobile Planetarium and The Bubble Workshop.
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The Rose Road Association Report of the Trustees for the Year Ended 31st March 2024
## **Challenges experienced in Community Services**
**Recruitment has remained a challenge** across all services within Community and we are working really hard to ensure that we are as accessible as possible to new recruits – attending as many external jobs fairs as possible, working with local colleges and universities and ensuring that we have a strong social media presence.
We have seen an increase in referrals that are being received but unfortunately many of these are for Evening and Weekend support, so we are having to put these on hold until we have increased staffing capacity.
**My favourite thing about this role is the connection and trust you build with the young person - you get to know their unique personality. But you also get to know the family around that young person and I take pride in building their trust that we will always do what's needed to meet their needs.**
Hayley, Support Worker
## **Avenues at Rose Road**
Avenues@Rose Road is an interim day services provision with an educational component for 19-25 year olds with complex physical and/or health needs. Rose Road is subcontracting the running of this provision to Avenues College Limited.
The core aims of Avenues are:
- To **prepare students** for adulthood in an adult orientated environment.
- To provide opportunities to **develop lifelong learning skills** , reduce dependency and increase community participation.
- Avenues@Rose Road has been designed to **extend the learning opportunities** for young adults with severe/profound learning disabilities with additional physical and sensory needs
We have been really delighted to be working alongside such professional and person-centred delivery. It has been a joy to have **16 Avenues learners in with us** taking part in the life of Rose Road, sharing their journeys and adding to the richness of our daily experience.
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The Rose Road Association Report of the Trustees for the Year Ended 31st March 2024
## **Family Services**
**----- Start of picture text -----**
2,337
families 33%
**----- End of picture text -----**
We continued to deliver SEND Information Advice and Support in West Berkshire, Southampton and Portsmouth and supported 2,337 families during the year. This is an increase of 33%.
## **Key successes in Family Services:**
- Secured further funding for Southampton SENDIAS services until 31st January 2025 & West Berkshire SENDIAS services until July 2025
- Increasing SENDIASS focus on empowering parents/carers, children, and young people to self-advocate. This is demonstrated by over **56,042 website page views** for resources and information, that is an increase of 87%.
- 2,337 families supported with information, advice and guidance on education, health, and social care. This is a 33% increase from the previous 12 months
- We have been supporting the Hampshire Parent Carer Network (HPCN) for the last 4 years. The year the project delivered over **60 Get Togethers** across the county and as part of the Future in Mind Project, ran **60 specialist workshops** and sessions to support the mental health of parent carers and the young people in their lives (with **1,413 attendees** in total). Our Steering Group Members and Parent Representatives attended on average 50 workstream meetings per quarter across a range of themes, and held over 18 Steering Group meetings.
## **Key Challenges:**
- Demand on the SENDIAS services is increasing year on year with a further 33% increase this year. Meeting this demand without additional resource is becoming more challenging with wait times for support increasing. A more comprehensive self-help model has had to be implemented to attempt to meet the demand within service capacity. Process changes and innovative solutions will be a focus for 23/24
- Alongside a very active year of events and shaping services the HPCN Steering Group have been working towards becoming an independent CIC. There was much activity involved to move away from Rose Road’s support as of 31st March 2024. This included: Setting up and registering a CIC, moving staff via TUPE, writing new safeguarding and governance policies, developing a transition plan, opening a new bank account and re-negotiating new contracts with commissioners. HPCN and Rose Road continue to have a positive relationship during a transition period. We would like to thank the Steering Group volunteers for all their hard work and wish them well for the future.
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The Rose Road Association Report of the Trustees for the Year Ended 31st March 2024
## Fundraising
Fundraised income for 23/24 has grown broadly in line with the Fundraising Growth Strategy approved by the Board of Trustees in 2022. Overall income has grown as expected – there appears to be a slight drop in community income but this can be attributed to more accurate income categorization (and is shown as an increase in other areas such as corporate events). We have seen a steady growth in support from trusts and foundations who have been receptive to open and honest conversations about our work and impact. In the past we have been fearful that a strong statutory income presence may be harmful to our fundraising efforts, we are now finding the contrary, with our commissioning partners highlighting the importance and value of our charitable activities to other potential donors.
This year has seen us focus on fundraising to improve our estate and build the capacity of our care teams to deliver a wider range of activities and play opportunities. Thanks to support from our local community, corporate partners and trusts and foundations we have re-landscaped our young adults’ respite garden, redeveloped our sensory rooms and soft play centre, replaced our flooring to encourage more independent movement and provided a year-long Community Activity Project.
## **Challenges:**
We know that families of disabled people are disproportionately affected by the cost of living crisis, we are also seeing a marked increase in the complexity of both health and social care needs of those coming to Rose Road for help. In the year ahead we will be doubling our efforts to raise funds for our Emergency Respite Project – Emergency respite funding allows us to direct support where it is needed most when it is needed most. This year we have supported families through bereavement, families receiving cancer treatment, families who have no other means of support and families who are just at crisis point and need additional help.
We are lucky enough to be supported by a brilliant network of local businesses. We are a lean fundraising team and we acknowledge that we can support our local business community better and are working with some of our corporate partners to better understand their needs and motivations in delivering their business services responsibility.
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The Rose Road Association Report of the Trustees for the Year Ended 31st March 2024
## Fundraising Statement
In accordance with Charities (Protection and Social Investment) Act 2016 section 13:
All fundraising activities at Rose Road were undertaken by staff employed directly by the association and no professional fundraiser or commercial participator carried out any of those activities in the year 2021-22.
The Association is voluntarily registered with the Fundraising Regulator and practices its fundraising activities within the regulator’s Code of Fundraising Practice. Senior fundraising staff are members of the Institute of Fundraising and abide by its Compliance Framework. There have been no instances of failure to comply with Fundraising Regulator standards and 0 complaints have been received since our registration with them. Fundraising staff and volunteers adhere to the Association’s Ethical Fundraising Policy and relevant safeguarding policies to ensure vulnerable people are protected.
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The Rose Road Association Report of the Trustees for the Year Ended 31st March 2024
## The year ahead and beyond 2023 - 2028: "Care & Ambition"
We will continue to deliver against our business plan “Care and Ambition”.
Our short-term Strategic Objectives (Years 1-3) are for improved service delivery, improved choice for service users and improved organisational stability.
## **Improved Service Delivery**
- Meeting all care packages
- Increased staff retention rates – organisation to sit below average for sector (current national rate of attrition is 33%)
- Complying with all relevant legislation and maintaining gradings of ‘Good’ with Ofsted & CQC Improving quality of estate
- Increase adult respite unit by 1 bedroom
- Developing a strategy for our fleet of vehicles to make more effective use of resource and enable access to a wider range of activities
- Developing new services and provisions – including a young persons’ committee Increased use of technology to complement, enhance and improve service delivery – to have, at least, implemented and embedded a new digital care system and to have automated payroll, expenses and mileage tracking
- Developing a range of audit functions to identify where improvements are necessary
## **Improved choice for service users**
- Identifying opportunities to enhance our current provision to provide additional choice to service users e.g. providing supported holidays as well as our traditional respite provision Providing structured after school activities
- Creating an activities coordinator role to improve and increase choice for children and young adults accessing our services
- Adapt the sensory provision across the organisation to enable more people to access sensory experiences – and to improve the current sensory space to allow for a more personcentred approach to its use
## **Improved organisational stability**
- Pricing services appropriately to ensure financial stability is achieved and maintained Meeting increased fundraised targets
- Increase level of free reserves
- Improve and increase engagement of volunteers
- Identify professional development opportunities for all staff
- Grow our apprenticeship offer
- Development of a community footprint using either retail or hospitality services to increase income as well as community identity
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The Rose Road Association Report of the Trustees for the Year Ended 31st March 2024
## Prinicple Risks and Uncertainties
A Risk Register is used to identify and monitor the management of key operational and strategic risks to Rose Road. The Trustee Board reviews the Risk Register annually and sub-committees routinely review specific risks. Refinements to the risk management framework and to the scoring of risks is being trialled to further strengthen governance of risk as the Association grows.
When reviewing risk, the Trustees consider
- The significant risks to which Rose Road is exposed
- The potential impact and probability associated with each risk Controls in place or required to mitigate each risk
Risks are categorised between Strategic, Operational, Financial and Compliance. Scoring is used to identify higher risks where closer monitoring is required.
The highest risks identified within each category are as follows:
- **Strategic:** Service delivery failure or loss of contracts/funding agreements
- **Operational:** Recruitment and retention of staff
- **Financial:** Cashflow and Failure to deliver to agreed budgets
- **Compliance:** Ensuring compliance with, and implementation of, the statutory requirements of all of our regulators
The Association proactively monitors new and emerging risks through the Strategy Committee.
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## Review of Financial Performance
Financial performance for the year ending 31[st] March 2024 shows a Net Outgoing Resources position of (£265,986) against budgeted Net Outgoing Resources of (£153,200), a variance of (£111,786).
Total Net Outgoing Resources were £265,986, however, the underlying deficit position was £107,808, once the effect of the reserve transfer of £33,178 and the endowment income of £125,000 for the year have been excluded.
The Association is releasing Endowment Reserves of £125,000 each year from money it has received from the Edward Gosling Foundation. This is planned expenditure to invest in the development of the Association over an eight-year period.
There are several reasons for the £107,808 underlying deficit position, including:
- Vacancies in staff establishment as resulted in very high agency costs in Respite and this has also impacted on our ability to meet growth targets in Outreach and Activities services.
- During the year our Finance service was brought back inhouse this resulted in higher than expected costs.
- Higher IT infrastructure and support costs.
The finance and IT costs in the year are considered to be one off charges for the Association and a small surplus position has been budgeted for the 2024/25 financial year.
However, we have seen better than expected financial performances in Outreach and Family services, Fundraising and Trading Activities.
## Principal Funding Sources
The vast majority of funding is through service contracts and grants with local authorities related to individual care packages and are for between one and three year periods. This provides the Association with financial stability over the medium term and allows for greater planning certainty and decision making.
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The charity also receives income through fundraising and grants for our work with families and individuals.
The principal funding sources are derived from incoming resources from charitable activities, which accounts for 88% or £4,165,008 of Association’s total income.
## Fund Movements
## Net Outgoing Resources
Total net outgoing resources from all operations for the year amounted to (£265,986), compared to £801,268 incoming resources in 2023/24 and represents (5.64%) (22/23: 15.71%) of total incoming resources for the period.
## Incoming Resources
Incoming Resources for the year totalled £4,718,644, a decrease of (7.49%) (£382,293) on last year (2022/23: £5,100,957).
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Resources Expended
Resources expended for the year totaled £4,984,650, an increase of 15.93% £684,961 on last year (2022/23 £4,299,689).
## Capital Expenditure
The Association’s capital expenditure for the year amounted to £209,875 compared to £100,092 in 2022/23.
## Funds
Unrestricted Funds - total net outgoing resources for the year amounted to (£117,704)
Restricted Funds - total net outgoing resources for the year amounted to (£23,282), which is the depreciation on the Bradbury Centre building.
Endowment Funds - total net incoming resources for the year amounted to (£125,000) which is a donation from the Edward Gosling Fund.
Total funds as at 31st March 2024 stand at £4,674,599 of which £2,102,378 relates to unrestricted funds, £1,822,221 relates to restricted funds, which is the net book value of the Bradbury Centre building and £750,000 relates to endowment funds.
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## Basis of accounting
The annual financial statements of The Rose Road Association are attached to this report. The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets.
## Reserves Policy
The Trustees are keenly aware of the need to secure the viability of the Association beyond the immediate future. To enable the charity to provide reliable services over the longer term, The Rose Road Association must be able to absorb setbacks and to take advantage of change and opportunity. The charity provides for this by putting aside, when it can afford to, some of its current income as reserves.
The Trustees consider it prudent to set aside reserves to provide resilience against potential risks, but also to have funds available to take advantage of any opportunities that may come the way of the charity. The charity also needs reserves to provide sufficient working capital to support its day to day operations. The Board of Trustees considers it prudent to keep a level of reserves to meet their responsibilities and commitments, protect and advance its current activities and to enable it to progress its long term aims and objectives which are outlined in the Business Strategy.
The Rose Road Association’s Board of Trustees has reviewed the adequacy of its reserves held on 31st March 2024, in line with its policy to do so on an annual basis and have established the following unrestricted reserve funds:
- A designated fund for the net book value of unrestricted tangible fixed assets, including specialised equipment, which cannot easily be converted into cash of £852,835.
- A designated fund to reflect the risk of major unplanned expenditure being required on the Bradbury Centre or its equipment of £250,000.
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- A General Fund to provide working capital equivalent to between 2 and 4 months operating expenditure of £999,543. The General Fund currently stands at 2.4 months operating expenditure cover.
At 31[st] March 2024, the unrestricted General Fund fell within the range required by the policy.
The Association has Restricted Reserves of £1,822,221 - this represents the original cost of the Bradbury Centre before any capital improvements.
The Association has Endowment Reserves of £750,000 in relation to a donation of £1,000,000 received in 22/23 from the Edward Gosling Foundation of which £125,000 is to be released each year for an eight-year period.
. A detailed breakdown of all reserves held by the group can be seen in Note 18 in the Notes to the Financial Statements.
## Investment Policy
The Board of Trustees does not consider it prudent at this stage to invest income for the longer term. Its policy for investment is therefore to retain funds as cash and place them on short term bank deposits at the best rate obtainable.
## Statement of Trustees’ Responsibilities for the Annual Accounts
The trustees (who are also directors of the Rose Road Association for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and regulations.
Company law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources. In preparing these financial statements, the trustees are required to:
- Select suitable accounting policies and then apply them consistently;
- Observe the methods and principles in the Charities SORP (FRS 102);
- Make judgments and accounting estimates that are reasonable and prudent;
- State whether applicable UK Accounting Standards have been followed subject to any material departures disclosed and explained in the financial statements;
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable group will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
The trustees confirm that:
- So far as each trustee is aware, there is no relevant audit information of which the charitable company’s auditor is unaware; and
- The trustees have taken all the steps that they ought to have taken as trustees in order to make themselves aware of any relevant audit information and to establish that the charitable company’s auditor is aware of that information.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
**Julie Gomer Chris Sirl Director and Chair of Trustees Director and Treasurer**
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Independent auditor’s report to the members of The Rose Road Association
## Opinion
We have audited the financial statements of The Rose Road Association (the ‘charity’) for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and the notes to the to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements:
- give a true and fair view of the state of the charity’s affairs as at 31 March 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.
## Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
## Other information
The trustees are responsible for the other information. The other information comprises the information included in the Report of the Trustees, other than the financial statements and our
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auditor’s report thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
## Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Trustees’ Report which includes the Strategic Report and the Directors’ Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Directors’ Report included within the Trustees’ Report has been prepared in accordance with applicable legal requirements.
## Matters on which we are required to report by exception
In light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors’ Report included within the Trustees’ Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of trustees’ remuneration specific by law are not made; or
- we have not received all the information and explanations we require for our audit.
## Responsibilities of Trustees
As explained more fully in the Statement of Trustees’ Responsibilities, the trustees (who are also the directors of the charity for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
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Our responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
- enquiry of management, those charged with governance and the entity’s solicitors around actual and potential litigation and claims:
- enquiry of entity’s staff to identify any instances of non-compliance with laws and regulations;
- reviewing minutes of meetings of those charged with governance;
- reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations; and
- auditing the risk of management override of controls including through testing journal entries and other adjustments for appropriateness, and evaluating the business rationale of significant transactions outside the normal course of business.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
## Use of our report
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**The Rose Road Association**
## **Statement of Financial Activities**
## **For the Year Ended 31st March 2024**
|**INCOME AND ENDOWMENTS FROM**
Donations and Legacies
Charitable activities
Other trading activities
Investments
Other Income
**Total incoming resources**
**EXPENDITURE ON**
Raising funds
- Fundraising
- Trading Activities
Charitable activities
**Total resources expended**
**NET INCOMING/(OUTGOING) RESOURCES**
**Transfer between funds**
**NET MOVEMENTS IN FUNDS**
**Reconciliation of funds**
Fund balances at 1 April 2023
**Fund balances at 31 March 2024**|**Note**
2
3
4
5
6
7
8|**Unrestricted**
**Funds**
**£**
201,983
4,165,008
17,568
43,881
108,053|**Restricted**
**Funds**
**Endowment**
**Funds**
**Total**
**Funds**
**2024**
**Total**
**Funds**
**2023**
**£**
**£**
**£**
£
182,171
-
**384,154**
**1,309,839**
-
-
**4,165,008**
**3,662,950**
-
-
**17,568**
**15,055**
-
-
**43,881**
**13,296**
-
-
**108,053**
**99,817**|
|---|---|---|---|
|||4,536,493|182,171
-
**4,718,664**
5,100,957|
|||236,973
42,049
4,500,175|-
-
**236,973**
220,908
**-**
**-**
**42,049**
49,586
205,453
-
**4,705,628**
4,029,195|
|||4,779,197|205,453
-
**4,984,650**
4,299,689|
|||(242,704)
125,000|(23,282)
-
**(265,986)**
**801,268**
-
(125,000)
**-**
-|
|||(117,704)|(23,282)
(125,000)
**(265,986)**
801,268|
|||2,220,082|1,845,503
875,000
**4,940,585**
4,139,317|
|||2,102,378|1,822,221
750,000
**4,674,599**
4,940,585|
All gains and losses recognised in the year are included above.
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**The Rose Road Association**
## **Balance Sheet**
## **At 31st March 2024**
|**Note**
**FIXED ASSETS**
Tangible assets
12
Investments
13
**CURRENT ASSETS**
Debtors
14
Cash at bank and in hand
**LIABILITIES**
Creditors: Amounts falling due within one
year
15
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
Liabilities: Amounts falling due after more
than one year
**TOTAL NET ASSETS**
**FUNDS**
18
Unrestricted funds
General Fund
Designated Fund
Total Unrestricted Funds
Restricted funds
Endowment funds
**TOTAL FUNDS**|**2024**
**2023**
£
£
**2,675,056**
**2,582,870**
**-**
-|
|---|---|
||**2,675,056**
2,582,870
**1,162,744**
965,176
**1,493,668**
1,778,753|
||**2,656,412**
2,743,929
**656,869**
386,214|
||**1,999,543**
2,357,715|
||**4,674,599**
4,940,585|
||**-**
-|
||**4,674,599**
4,940,585|
||**999,543**
1,199,715
**1,102,835**
1,020,367|
||**2,102,378**
**2,220,082**
**1,822,221**
**1,845,503**
**750,000**
**875,000**|
||**4,674,599**
**4,940,585**|
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies.
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The financial 5taternents were approved by the Board of Trustees on
Z2.J 2c29-
and were slgned oll It5 behalf by:
Julie Gomer
Members of the BDard ol
Tru5toes
Chris Si
M&kNngé positive difference to the lives of disébledyoungpeople
**The Rose Road Association**
## **Consolidated Cash Flow Statement**
## **For the Year Ended 31st March 2024**
|**Note**
Net cash (outflow)/ inflow from operating activities
**20**
Net cash (outflow)/ inflow from investing activities
**20a**
Net cash inflow / (outflow) from financing activities
**20b**
(Decrease)/ Increase in cash in the year
Net funds at 1st April 2023
Net cash at bank at 31st March 2024|**2024**
**2023**
**£**
£
**(119,109)**
746,590
**(209,857)**
(100,092)
**43,881**
13,296|
|---|---|
||**(285,085)**
659,794|
||**1,778,753 1,118,959**|
||**1,493,668**1,778,753|
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**The Rose Road Association**
## **Notes to the Financial Statements**
## **For the Year Ended 31st March 2024**
## **1 Accounting policies**
## **1.1 Accounting convention**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ' Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)' Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
## **1.2 Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably.
## **1.3 Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accrual’s basis (inclusive of any irrecoverable VAT) and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings (such as support costs), they have been allocated to activities on a basis consistent with the use of the resources. Governance Costs includes an apportionment of Staff time, audit fees and costs of the Annual General Meeting.
## **1.4 Investments and investment income**
Investments held as fixed assets are stated at cost. Gains and losses on investments both realised and unrealised are included in the Statement of Financial Activities. All income arising on investments is accounted for on a receivable basis. Income tax recoverable is accounted for on the same basis as the income to which it relates.
## **1.5 Tangible fixed assets**
IT Tangible fixed assets costing more than £350 and all other tangible fixed assets costing more than £1,000 are capitalised and are stated in the balance sheet at cost
less depreciation, which is calculated at rates to write off the excess of cost over estimated residual values of individual assets, over their estimated useful lives as follows:
Land Not depreciated Leasehold Buildings 1 % straight line 15% reducing Building adaptations balance Motor vehicles 20% straight line 15% reducing Furniture and equipment balance Computer equipment 25% straight line
## **1.6 Pensions**
The charity contributes to pension schemes in which the benefits are determined by the value of contributions paid in respect of each member. Accordingly, the charge in the Statement of Financial Activities represents the amount of contributions payable to the pension schemes in respect of the accounting period.
## **1.7 Operating leases**
Rentals under operating leases are charged to the Statement of Financial Activities over the period in which the cost is incurred.
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## **1.8 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are subject to specific conditions laid down by the donors as to how they may be used, or which have been raised by the charity for particular purposes. The aim and use of the funds is set out in the notes to the financial statements.
All funds are reviewed annually and transfers between funds undertaken as determined by that review.
## **1.9 Going Concern**
The trustees consider that there are no material uncertainties about the charitable company’s ability to continue as a going concern.
## **1.10 Judgements in applying accounting policies and key sources of estimation uncertainty**
Key judgements that the charity has made which have a significant effect on the accounts include reviewing and carrying out a risk analysis of the factors affecting the charity’s ability to continue to fundraise income and win and retain service contracts.
The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.
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**The Rose Road Association**
## **Notes To the Financial Statements For The Year Ended 31st March 2024**
|**2**
**Voluntary fundraising**
**income**
Trusts
Community
Corporate
Events
Major Donors
**Total Fundraising**
**Income**
**3**
**Incoming Resources**
**from Charitable**
**Activities**
Contractual payments
from Local Authorities
Grants received for
revenue purposes
Other incoming
resources from
charitable activities
**Total Charitable**
**Activities income**|**Unrestricted**
**Restricted**
**Endowment**
**2024**
**Total**
2023
Total
**£**
**£**
**£**
**£**
**£**
36,190
177,081
-
**213,271**
1,148,351
104,005
4,118
-
**108,123**
122,553
47,358
972
-
**48,330**
29,266
-
-
-
**-**
4,985
14,430
-
-
**14,430**
4,684
**201,983**
**182,171**
**-**
**384,154**
1,309,839
**Respite**
**Services**
**Community**
**Services**
**Family**
**Services**
**Avenues**
**2024 Total**
2023
Total
**£**
**£**
**£**
**£**
**£**
£
2,005,985
1,234,388
-
499,838
**3,740,211**
3,105,964
-
52,215
351,581
-
**403,796**
459,015
780.60
20,963
(945)
202.50
**21,001**
97,971|**Unrestricted**
**Restricted**
**Endowment**
**2024**
**Total**
2023
Total
**£**
**£**
**£**
**£**
**£**
36,190
177,081
-
**213,271**
1,148,351
104,005
4,118
-
**108,123**
122,553
47,358
972
-
**48,330**
29,266
-
-
-
**-**
4,985
14,430
-
-
**14,430**
4,684
**201,983**
**182,171**
**-**
**384,154**
1,309,839
**Respite**
**Services**
**Community**
**Services**
**Family**
**Services**
**Avenues**
**2024 Total**
2023
Total
**£**
**£**
**£**
**£**
**£**
£
2,005,985
1,234,388
-
499,838
**3,740,211**
3,105,964
-
52,215
351,581
-
**403,796**
459,015
780.60
20,963
(945)
202.50
**21,001**
97,971|
|---|---|---|
|||**201,983**
**182,171**
**-**
**384,154**
1,309,839|
|||**Community**
**Services**
**Family**
**Services**
**Avenues**
**2024 Total**
2023
Total
**£**
**£**
**£**
**£**
£
1,234,388
-
499,838
**3,740,211**
3,105,964
52,215
351,581
-
**403,796**
459,015
20,963
(945)
202.50
**21,001**
97,971|
||**2,006,766**|**1,307,566**
**350,636**
**500,041**
**4,165,008**
3,662,950|
|**4**
**Charity shops and other**
**trading income**
Facilities
**Total Trading income**
**5**
**Investment income**
Interest receivable
**Total Investment**
**income**|**2024**
2023
**£**
£
**17,568**
15,055|
|---|---|
||**17,568**
15,055|
||**2024**
2023
**£**
£
**43,881**
13,296|
||**43,881**
**13,296**|
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## **6 Other income**
|||
|---|---|
|**6**
**Other income**
Rosewood School
Miscellaneous
**Total Other income**
**7a**
**Raising funds -**
**Fundraising costs**
Fundraising costs
Support costs
Governance costs
**Total Fundraising costs**
**7b**
**Raising funds - Trading Activities**
**including Other Income costs**
Facilities
Support costs
Governance costs
**Total Trading Activities**
**costs**
**8**
**Charitable activities**
**costs**
Respite
Community Services
Family Services
Avenues
Support costs
Governance costs
**Total Charitable**
**Activities costs**|**2024**
2023
**£**
£
**94,343**
83,788
**13,710**
16,029|
||**108,053**
99,817|
||**2024**
2023
**£**
£
**216,061**
201,154
**19,776**
18,618
**1,136**
1,136|
||**236,973**
220,908|
||**2024**
2023
**£**
£
**38,210**
47,860
**3,483**
1,370
**356**
356|
||**42,049**
49,586|
||**2024**
2023
**£**
£
**1,950,157**
1,630,683
**1,365,791**
1,103,711
**309,719**
377,656
**539,412**
554,772
**510,627**
333,282
**29,922**
29,091|
||**4,705,628**
4,029,195|
|**9**
**Analysis of Support and**
**Governance Costs**
Management
Finance
Human Resources
Information Technology
Governance
**Total Support costs**|**Trading**
**Activities**
**Raising**
**Funds**
**Respite**
**Services**
**Community**
**Services**
**Family**
**Services**
**Avenues**
**2024**
2023
**£**
**£**
**£**
**£**
**£**
**£**
**£**
£
554
3,147
39,010
25,813
6,636
9,791
**84,951**
77,443
1,445
8,202
101,679
67,282
17,295
25,520
**221,423**
121,165
662
3,761
46,629
30,855
7,932
11,703
**101,542**
70,049
822
4,666
57,847
38,278
9,840
14,519
**125,972**
84,613
356
1,136
14,366
9,506
2,444
3,606
**31,414**
30,583|
|---|---|
||3,839
20,912
259,531
171,734
44,147
65,139
**565,302**
383,853|
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|**9a**
**Governance Costs**
Allocated staff salaries for accounts and annual
report preparation
Allocated staff salaries for attendance at trustee
meetings
Allocated staff salaries for company secretary work
Allocated staff salaries for trustee liaison and
strategy work
Auditors' remuneration
**Total Governance costs**
**10**
**Resources expended by**
**the charity includes:**
Depreciation
Auditors' remuneration
Operating Leases -
Equipment
**11**
**Staff costs for the**
**charity**
Salaries and other costs
Social security costs
Pension costs
**Total Staff costs**
**11**
**a**
**Key Management**
**Personnel**
**Remuneration**
The number of personnel paid on the following
bandings during the year were:
£70,000 to £79,999
£80,000 to £89,999
The total amount of remuneration to key management personnel, including
employer pension and NI, for their services to the charity during the year
was:|**2024**
2023
**£**
£
**3,758**
3,606
**9,285**
8,750
**884**
930
**8,179**
7,656
**9,307**
9,640|
|---|---|
||**31,413**
30,582|
||**2024**
2023
**£**
£
**114,363**
111,276
**9,307**
9,640
**4,888**
4,888
**2024**
2023
**£**
£
**2,860,031**
2,339,994
**192,915**
155,789
**74,028**
59,668|
||**3,126,974**
2,555,451|
||**2024**
2023
**-**
1|
||**1**
1|
||**2024**
2023
**£**
£|
||**323,597**
240,733|
The total amount of remuneration to key management personnel, including employer pension and NI, for their services to the charity during the year was: No trustee received any remuneration during the current year. (Prior year: £0).
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## **11b Pension Schemes**
The Association operated two defined contribution pension schemes during the year.
The employer pension costs for all schemes for the year was £74,028. (Prior year: £59,668) At the yearend employer and employee pension contributions totalling £15,640 were owed to the schemes. (Prior year: £12,286)
## **Average numbers of 11c employees**
The average number of employees and their full time equivalent in the year was as follows:
|Respite Service
Community services
Family Services
Avenues
Strategic Charity
Development
Raising Funds
Trading Activities
Administration
**Total**
**Tangible fixed assets**
**Cost**
At 1st April 2023
Additions
Disposals
**At 31st March 2024**
**Depreciation**
At 1st April 2023
Disposals
Charge for the year
**At 31st March 2024**
**Net book value at 31st**
**March 2024**
Net book value at 31st
March 2023|**Average number of**
**employees**
**Average number of**
**Full-time Equivalents**
**2024**
2023
**2024**
2023
**68**
60
**58**
42
**67**
58
**42**
33
**15**
18
**9**
11
**-**
-
**-**
-
**1**
1
**1**
1
**6**
6
**6**
5
**1**
1
**-**
-
**6**
5
**5**
5|
|---|---|
||**164**
149
**121**
97|
||**Freehold**
**Land &**
**Buildings**
**Equipment**
**Motor**
**vehicles**
**Total**
**£**
**£**
**£**
**£**
2,630,593
916,016
115,441
3,662,050
34,556
152,306
22,995
209,857
-
(1,835)
-
(1,835)|
||**2,665,149**
**1,066,487**
**138,436**
**3,871,907**
470,191
558,980
50,009
1,079,180
-
(679)
-
(679)
24,281
69,294
22,940.46
116,515|
||**494,472**
**627,595**
**72,949**
**1,195,016**|
||**2,170,677**
**438,892**
**65,487**
**2,675,056**|
||2,160,402
357,036
65,432
2,582,870|
## **12 Tangible fixed assets**
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## **13 Investments**
The Association holds no investments as of 31st March 2024.
|**14**
**Debtors**
Prepayments
Accrued income
Statutory authority
debtors
Trade debtors
Other debtors
**Total Debtors**
**15**
**Creditors**
Accruals
Taxation and social
security
Pension
Other Creditors
Deferred income (note
16)
Intercompany creditor
VAT due
Trade creditors and
credit card
**Total Creditors**
**16**
**Operating Leases**
**Equipment:**
Not more than one year
Greater than one year
and less than five years
**Total operating lease**
**commitments**|**2024**
2023
**£**
£
**92,311.55**
87,859
**9,939**
27,327
**1,010,050**
780,286
**50,343**
69,554
**100**
150|
|---|---|
||**1,162,744**
965,176|
||**2024**
2023
**£**
£
**125,578**
88,043
**44,490**
-
**15,641**
12,286
**105,365**
48,393
**76,093**
137,129
**-**
6,333
**1,415**
7,173
**288,287**
86,857|
||**656,869**
386,214|
||**2024**
2023
**£**
£
**1,984**
1,820
**2,805**
3,068|
||**4,789**
4,888|
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|**17**
**Movements in deferred**
**income**
Deferred income at 1st
April 2023
Expended during the
year
Income received during
the year:
**Deferred income at**
**31st March 2024**|**Local**
**authority**
**income**
**Donations**
**and other**
**income**
**2024**
2023
**£**
**£**
**£**
£
152,340
(15,211)
**137,129**
287,657
(604,502)
(129,573)
**(734,075)**
(825,585)
489,426
183,613
**673,039**
675,057|
|---|---|
||37,264
38,829
**76,093**
137,129|
Deferred income relating to monies received from local authorities and donations will be realised in the following financial period through the Statement of Financial Activities
|**18**
**Movement in Funds**
**Unrestricted funds**
**(a)**
General Funds
**(b)**
Designated Funds
**Total Unrestricted Funds**|**At 1st April**
**2023**
**Incoming**
**resources**
**Resources**
**expended**
**Transfers**
**between**
**funds**
**At 31st**
**March**
**2024**
**£**
**£**
**£**
**£**
**£**
1,199,715
4,503,315
(4,746,019)
**42,532**
**999,543**
1,020,367
33,178
(33,178)
**82,468**
1,102,835|
|---|---|
||2,220,082
4,536,493
(4,779,197)
**125,000**
2,102,378|
|**Restricted funds**
**(c)**
Bradbury Centre
**(d)**
Respite Trust Nights and
Equipment
**(e)**
Community Services
and Equipment
**(f)**
Family Services
**(g)**
Fundraising
**(h)**
Other
**Total Restricted Funds**
**Endowment funds**
**(i)**
Edward Gostling
Foundation
**Total Endowment Funds**
**Total Funds**|1,845,503
-
(23,282)
-
**1,822,221**
-
46,054
(53,554)
-
**(7,500)**
-
55,805
(55,805)
-
**-**
-
188
(188)
-
**-**
-
-
-
-
**-**
-
80,124
(72,624)
-
**7,500**|
|---|---|
||1,845,503
182,171
(205,453)
**-**
1,822,221|
||875,000
-
-
(125,000)
**750,000**|
||**875,000**
**-**
**-**
**(125,000)**
**750,000**|
|||
||**4,940,585**
**4,718,664**
**(4,984,650)**
**-**
**4,674,599**|
**Comparatives for movement in funds prior year**
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|**Movement in Funds**
**Unrestricted funds**
**(a)**
General Funds
**(b)**
Designated Funds
**Total Unrestricted**
**Funds**
**Restricted funds**
**(c)**
Bradbury Centre
**(d)**
Respite Trust Nights
and Equipment
**(e)**
Community Services
and Equipment
**(f)**
Family Services
**(g)**
Fundraising
**(h)**
Other
**Total Restricted Funds**
**Endowment funds**
**(i)**
Edward Gosling
Foundation
**Total Endowment**
**Funds**
**Total Funds**|**At 1st**
**April 2022**
**Incoming**
**resources**
**Resource**
**expended**
**Transfers**
**between**
**funds**
**At 31st**
**March**
**2023**
**£**
**£**
**£**
**£**
**£**
1,210,305
3,531,615
(3,707,065)
**164,860**
**1,199,715**
1,060,227
-
-
**(39,860)**
1,020,367|
|---|---|
||2,270,532
3,531,615
(3,707,065)
**125,000**
2,220,082|
||1,868,785
-
(23,282)
-
**1,845,503**
-
61,868
(61,868)
-
**-**
-
86,468
(86,468)
-
**-**
-
372,629
(372,629)
-
**-**
-
11,931
(11,931)
-
**-**
-
36,446
(36,446)
-
**-**|
||1,868,785
569,342
(592,624)
**-**
1,845,503|
||-
1,000,000
-
(125,000)
**875,000**|
||**-**
**1,000,000**
**-**
**(125,000)**
**875,000**|
|||
||**4,139,317**
**5,100,957**
**(4,299,689)**
**-**
**4,940,585**|
## **Unrestricted reserves**
The General Funds represent the free funds of the charity which are set aside to cover working capital requirements and to cover **(a)** losses in contract income.
- **(b)** The Designated Funds are broken down as follows:
Fixed asset replacement reserve = 250,000 Tangible fixed asset not easily convertible to cash = 852,835
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**Restricted reserves**
- **(c)** The original building of the Bradbury Centre is a restricted fund.
Additionally, restricted Income Funds were received for the following projects and areas of work:
## **(d) Respite**
Support for our emergency overnight respite project providing support to families in crisis included £18,700 from St James Place, £12,500 from Masonic Charitable Trust, £4,517 from Weinstock Fund and £5,415 from The Gerald Micklem Charitable Trust,
Much needed equipment in our indoor and outdoor spaces throughout our respite unit have helped to provide fun, sensory play, engagement, and dignity to those staying with us. This has been supported with £4,922 through donations.
## **(e) Community**
We received £55,405 from South Western Railway to run an Activities Scheme and £400 through donations.
## **f) Family**
We received a donation of £188.
## **(g) Other**
Support for our gardens and soft play area included £36,785 from the Edwin Gosling Foundation, £9,136 from The Morrisons Foundation, £4,203 from the Screwfix Foundation, £7,500 from the Masonic Charitable Foundation and £22,500 from the MACE Foundation.
## **(h) Endowment reserves**
The Association in 22/23 received a large expendable endowment donation of £1,000,000 from the Edward Gostling Foundation towards our core costs. This amazing gift will support Rose Road to build our capacity and financial and organisational wellbeing over the next 8 years. The endowment must be drawn down over an 8-year period at £125,000 a year starting from the year of reporting.
|**19**
**Analysis of net assets**
**between funds**
Fixed assets
Current assets
Investments
Current liabilities
Long term liabilities
**Total Funds**|**Unrestrict**
**ed funds**
**Restricted**
**funds**
**Endowm**
**ent**
**Funds**
**2024**
2023
**£**
**£**
**£**
**£**
£
852,835
1,822,221
-
**2,675,056**
2,582,870
1,906,412
-
750,000
**2,656,412**
2,743,929
-
-
-
**-**
-
(656,869)
-
-
**(656,869)**
(386,214)
-
-
-
**-**
**-**
**2,102,378**
**1,822,221**
**750,000**
**4,674,599**
4,940,585|
|---|---|
The original build element of the Bradbury Centre building is a restricted asset but subsequent work that has been carried out and capitalised to form a portion of this asset is unrestricted
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## **Notes to the cash flow 20 statement.**
|**Reconciliation of net incoming resources to net cash inflow / (outflow) from operating activities**
Net (outgoing)/ incoming resources
Investment income
Depreciation
(Gain)/Loss on Disposal Fixed Asset
(Increase)/ Decrease in Debtors
Increase/(Decrease) in Creditors
**Net cash (outflow) /inflow from operating activities**
**20a**
**Capital expenditure and financial investment**
Purchase of tangible fixed assets
Sale of tangible fixed assets
**Net cash inflow /**
**(outflow) from**
**investing activities**
**20b**
**Returns on investments and servicing of finance**
Investment income received
**Net cash inflow /**
**(outflow) from**
**financing activities**|**2024**
**2023**
**£**
£
**(265,986)**
801,268
**(43,881)**
(13,296)
**116,515**
111,276
**1,156**
9,958
**(197,568)**
(56,910)
**270,655**
(105,706)|
|---|---|
||**(119,109)**
746,590|
||**2024**
2023
**£**
£
**(209,857)**
(100,092)
**-**|
||**(209,857)**
(100,092)|
||**2024**
2023
**£**
£
**43,881**
13,296|
||**43,881**
13,296|
## **21 Contingent liabilities**
The group had no contingent liabilities as at 31 March 2024 or 31 March 2023.
## **22 Capital commitments**
The group had no capital commitments at 31 March 2024 or 31 March 2023.
## **23 Related party transactions**
The charity is exempt from disclosing related party transactions within the group due to lack of materiality.
On the 1st April 2012 the finance and IT functions of The Rose Road Association were transferred to Solent Support Solutions Limited, a company which is jointly controlled by The Rose Road Association and Solent Mind. On the 1st November 2023 the Association brought its Finance and IT services back in house. Support Solutions provided services valued at £118,106 during the year to 31st March 2024 (Prior year: £130,479). The Association owed Solent Support Solutions £43,317 at 31st March 2024 (Prior year: £6,333). Solent Support Solutions owed the Association £0 at 31st March 2023 (Prior year: £0).
## **24 Taxation**
As a registered charity the income is generally exempt from corporation tax under Section 478, of the Corporation Tax Act 2010 by reason of its charitable objects and activities.
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