Annual Report OF THE TRUSTEES AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 Rose Road Association 2024-2025 Making a positive differen to Lhe live5 of young disabled people
The Rose Road Assoclatton Report of theTrusiees for the YearEnded 31stMarth 2025 This is the report of the Trustees forthe year April 2024 to March 2025. 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 Cornpany Number (England and Wales): 01366534 This document can be made available in other formats. Please contatt us on 023 8072 1234 if this would be helpful. Making u p051tive dg7erence to the lie$ of disqbledyoungpeople Page 1
ThÈ Rose RDad Association Repori ol IhÈ Trustees for the Year Ended 3T5r March 2025 Contents Reference and Administrative Details.......... Thank you.................................... Message from the Chair-julie Gomer.......................................... Governance............................................................... Public Benefit Entity Compliance.......................... Our Vision, Mission and Values............ Strategy.. Advancing Quality, Reach and Progress.................................................................. Quality, standards and People.. Increasing our Reach....................................................................... Partnerships........-......-.................................................. Our Main Activities.... Our Positive Outcomes and Impact...................................................... Challenges... Departmental Achievements and Performance........... Oaks and Acorns Overnight Respite................................................... Community Service5.................................................................... Family Services............................................. 14 Fundraising.....-...................................................................... Fundraising Statement...................................... The Year Ahead..................................................... Community Growth................ Organisational Changes....................-.......................................... Principle Risks and Uncertainties....................... Financial Review............. Statement of Trustees, Responsibilities................................. Independent Auditorfs Report.................... Financial Statement5..........-.........-............................................................ 20 22 24 28 Moking o pos11ive difference ro the lives of disobledyoungpeople Page 2
The Rose Rold Association Reporr of thp Trusiees for the Year Ended 31st March 2025 Reference ond Administrotive Details Registered Charity Number: Constituted: Company registration.. Country of Incorporation: I ncorporated: 276172 20thJuly 1970 01366534 United Kingdom 4th May 1978 Julie Gomer (Chair} Con Attridge (Vice Chairl Chris Sirl (Treasurer) Beth Rankine {appointed 25th February 20251 Emma Hurst lappointed 2nd April 20241 Jane Lyon-maris Kym Provan Sam Clough Sarah Pease (appointed 25th February 20251 Sharon Jones (appointed 27" August 2025) sheila Stokes White (resigned 5th February 20251 Pau1 Best (resigned 25th March 20251 Steve Swift Trustees and Company Directors: Chief Executive Offier: Principle and Registered office: The Bradbury Centre, 300 Aldermoor Road Southampton, S016 SNA 023 8072 1234 www.roseroad.org.uk Telephone number.. Website addres5'. Auditors: Lewis Brownlee (Chichester) Limited Appledram Barns, Birdham Road, Chichester West Sussex, P020 7EQ Principal Bankers.. National Westminster Bank plc 43 London Road. Southampton S015 2BL Womble Bond Dickinson Oceana House, 39-49 Commercial Road Southampton, 5015 1GA Solicitors.. Patron= Ambassadors.. Geoff Holt MBE DL Bishop Rhiannon King Michael Kurn Chris Smith Peter Hull MBE PLY Mike Andrews Steve Lacey Richard &Jane Smith Aaron Phipps MBE PLY Nina Basset Rebecca Powell Kerry Swain Paul Murray MBE Alice Carroll Nina Schofield Clare Talks Alan Blair M8E Bruce Elkins FCA Karl & Kim Simmonds Clive & Eryl Thompsett Martinjay CBE DL Darren Fulford & Alex Aragao Nick Vaughan Dr Angela Howes Dame Esther Rantzen DBE Mokin8 O P05irive difference to the lives of disobledyoung people Pa8e 3
The Rose Road A550118tion ReporE of Ehe Trusteès for the Year Ended 31st March 2025 Thank Vou 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 d ifference th is year. We specifically acknowledge the following grant giving organisations for their significant support during this period. Bally Thomas Charitable Fund Barker- Mill Foundation Botley and Curdridge Foundation Caring 4 our Carers Crown Foods Hampshire Cricket Foundation LCP Foundation Manali Charitable Trust Masonic Charitable Foundation Mere Plantations O'sull ivan Family Charitable Trust Quilter Foundation Richard Kirkman Trust Tesco Charity Trust The Geoff and Fiona Squire Foundation The Reta Lila Howard Foundation TK Maxx and Homesense Foundation Windruff Charitable Trust We offer special thanks to Edward Gostling Foundation for believing in us, and their long-term commitment Moking o posltive difference to the lives tsldisobledyoung people Page 4
The Rose Road Associarion Report ol the Trustee5 for rhe Year Ended 31st March 2025 Messoge from the Chair, Julie Gomer The past year, like many others, has brought both significant challenge5 and remarkable achievemenis across the Association. In the face of continuing funding pressures, our commitment to delivering high-quality care and support has remained constant. Balancing increasing demand with limited resources ha5 tested ou r resilience- but is has also highlighted the strength and dedication of our team. To further strengthen the foundation-building work of last year, and to drive forward with our ambitious strategy, we made key changes to our leadership structure. The introduction of a Head of Community Services and a Deputy Service Manager role within the same team wa5 a strategic decision intended to support our aim of'lncreasing our reach. These roles have already contributed towards an 1196 increase in service delivery. with projections indicating a further 25% gr0h in the coming year. One particular area of challenge has been the commissioning changes with regard to Overnight Respite. This year has seen a sharp reduction in the demand from one of our main local authorities. However, this has been offset slightly by an increase in more complex referrals - an area of care we are proud to be able to support due to our highly trained and skilled staff teams. We have also taken the opportunity to reshape our Fundraising team- aligningthe structure to reflect the evolving fundraising landscape. These changes will allow us to build a more sustainable, adaptable fundraising approach to support our goal of raising £600,000 per year- no easy taskl l am truly humbled by the passion and commitment of my fellow Trustees, whose support and governance has been invaluable throughout a difficult year. We've learnt a lot as a board and are increasing our numbers to build resilience and additional skills for the exciting year ahead. Equally, I want to extend my deepest thanks to our incredible staff, who go above and beyond every day to keep our services running and provide outstanding care to the children, young people and families we serve. They are simply the bestl Finally, a heartfelt thanks to our volunteers, fundraisers, corporate partners, ambassadors and every person who has supported our amazing charity over the past year. You have all helped to make what we do possible and we are all grateful. Making a p051tive difference to rhe live5 of disgbledyoung people P38e 5
The Rose Road As50C13110n Report of the Tru5tee5 for the Year Ended 31st March 2025 Governonce 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 ba rriers for d isabled 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, PrIn(pIe 6.. 'Equality, d iversity and inclusion,, to help us do this better. A5 well as our quarterly Board meetings, we make decisions through our two main sub- committees.. 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 500n, the young persons committee will work alongside our Board of Trustees to help inform decision5 about our service and other provision locally. PukJlic Benefit Entity Complionce 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 pu blic benefit of the charitys activities are outlined under "actlV1ties" and "outcomes" in the following pages. Moking a posNtive difference to the live5 of disabledyoung people Page 6
The Rose Road As50C18tion Reporr of rhe Trusiee5 for the Year En(ted 315t March 2025 Our Vision, Mission and Volues 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 theirfamilies. 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 expertlse to create a more inclusive society - utilising technology to improve ou r service provision and user experience. Our Values: 0000 Tr hy pena Pro ss nal rward Mt7king a posititye difference to the lives of disobledyoung people Pa8e 7
The Rosè Robd A$50ciation Report of the Trustees for ihè Yèar Ended 3151 March 2025 Strategy: Advancing Quolity, Reach and Progress Quality. Standards and People Over the past 12 months, vve have continued to prioritise the foundations of high-quality service, strong internal systems, a skilled and committed workforce and robust support structures. Our newly embedded in-house finance team is already making a significant impact. Their expertise has driven cost efficiencies, red uced reliance on external contracts and improved the quality of financial support acr05S the organisation. Staff wellbeing and performance also remains a central focus. We have seen a further reduction in staff sickness thanks to our ongoing commitment to absence management and values- based recruitment practices, which not only support a healthier workforce but ensures continuity and stability for the people we support. Our Fundraising team has harnessed new technology. streamlining operations through automation and better use of a new CRM system. This has significantly reduced adminisiration and processing time, enabling more meaningful and timely engagement with donors and enhancing our stewardship. We are proud to report thai 99% of employees say they are proud to work at Rose Road, up from 94% last year. This is a testament to the culture of inclusion, recognition, and purpose we strive to nurture. The restructuring and expansion of our Estates team has led to a more proactive and preventative approach to facilities management. directly contributing to our goal of conti nually improving quality and safety standards across our services. We launched a new internal, team-based reward and recognition scheme to complement existing initiatives, further reinforcing our appreciation for the extraordinary commitment of our staff. Our digital offer has continued to grow, with 100% of families now able to access our parent portal, providing real-time u pdates on rotas, session feedback, and photographs of their young people in action strengthening transparency and connection between families and our services. Moking o p051tive difference to the lives of disobledyoung people Pase 8
The Rose Ro4d Association Report of the Trustees for thÈ Year Ended 31st PwT8rch 2025 Increasing our Reach One of our strategic priorities is to increase access to our services. Over the past year we identified service gaps in the East of the county and in Portsmouth. In response, we have successfully joined the Portsmouth service delivery framework and we are now beginning to receive referrals in that area. Our Outreach delivery has grown by 11Yo, With further growth forecast in the year ahead. In a major development, we are also in the process of taking over the outreach provision of a partner organisation, which will significantly expa nd our reach and impact. We have taken meaningful steps to ensure lived experience is embedded in our governance. Three new ambassadors, including two Paralympians and a former Rose Road service user, have joined our team. We have also welcomed a new board member who is an advocate for inclusive activities and sport and we are exploring ways to further involve parent-carer5 at board level. Our updated membership model will invite ten Rose Road families to join our membership group, helping ensure that the voices of our community inform decisions at every level. Partnerships Partnership working conti nue5 to be one of our greatest Strengths. Our Activities project has enabled us to form strong relationships With providers across the region, giving children and young people exciting opportunities to build skills, take risks, and im portantly have fun. We remain courageous and pragmatic in our approach to pricing negotiations, despite ongoing financial constraints faced by local authorities. We are acutely avvare of the fine balance between financial sustainability and affordability for families and continue to advocate for long-term solutions that protect those most at risk. Our collaboration with Nordoff and Robbins has brought music therapy to life at Rose Road, with over 300 individual and group sessions delivered this year. We co-produced a video showcasing the impact of the therapy, which led to funding from a corporate partner to sustain the programme for another year. Our corporate and community 5UPPOrt has grown significantly. with 28 organisations joining us in the past year. These partners contribute through fundraising, pro-bono expertise, volunteering and advocacy, helping extend our reach and deepen our impact. Moking o po5tiVe dfference to the lives of disubledyoung people Pa8e 9
The Rose Ro8d A550ciation Report of the Trustees for the Ye8r Ended 31st March 2025 Our Moin Activities Overnight short breaks We provide 16 respite care beds for 49 weeks a year at the Bradbury Centre, our purpose buili unit in Southampton, where children, yOLJng people and adults car) 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 opportunitie5 to develop and practise independent living skills. 4* Community Services Outreach support is available 7 days a week on a one to one bas1S. We provide domiciliary care, leisure activitie5 in the home or community, special outings, and trips to see friends or to attend activities. Destinations 15 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 steppi ng stone to Destinations. It supports them in a positive environment allowing them to thrive in a safe space. Holiday and Saturday Clubs 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 i n activities. They also enable parents of disabled people to remain in work and manage childcare. Tx Family Support We provide Information Advice and Support to disabled children and young people and their families in West Berkshire, and Southampton. Moking u positive difference to the lives of disobledyoung people Page10
The Rosè Roèd Associbiion Repori of the Tru5tee5 lor the Year Ended 3151 March 2025 Our Positive Outcomes ond Impoct We know that high quality Respite care benefits disabled children and their families in so many ways. The outcomes we see include improved family relationships, i ncreased resilience in the family unit, improved wellbeing of Siblings, disabled young people and parent carers, and improved long-term outcomes for disabled children. In this year we have seen huge impacts in the following areas: Improved chances of family units Staying together where crisis support and Interventions are received and advocated for We have provided emergency placements for several young people over the last year who have been unable to stay in the family home for various reasons. We have been able to step in and support with packages of care outside of the ordinary and many of these families have been able to come back from very difficult situations and rebuild their family. This can take months, but the long-term societal impact is huge, and the outcome for the family is massive. Improved mental and physical health and wellbeing for service users with the most complex health care needs We have been able to support children and yciung people who have not had the opportunity to be outside much before, who have not had the chance to take calculated risks or to explore their passions due to the perceived risk of their health care needs. We have made some of these things possible and these children, young people and their families tell us this has helped to build resilience and grow their confidence. We are currently working on a video with a local video production company to help to break down these barriers and alter people's perceptions and opinions around complex disabilities. Improved opportunltles for families to be heard and have their say. We have supported families to engage in consultation around Respite service provision locally and we have worked to collate and disseminate more family stories. All of this is helping to demonstrate to decision makers locally that it is vital for disabled people and their families to have Ch0ce around their service delivery and to be able to impact change at 3 local and regional level. Making o positive difference to the lives of disobledyoungpeople Page11
The Rose Road As50tiation Report of the TrusteÈs lor the Year Ended 375t Marih 2025 Chollenges Local authority pricing negotiations continue to be a challenge, and we continue to work hard to strike a balance between charging the true cost of the delivery of statutory provisions and ensuring that services continue to be accessible to famil ies. A reduction in the level of referrals and si2e of packages of support we are receiving from ou r local authority partners, especial ly around overnight respite. This is concerning and although we have been able to minimise the impact to our bottom1ine in some instances, we are working hard to ensure we can backfill these gaps where possible and fight for continued provision in the instances where we believe there is a risk to family safety. Demand continues to grow beyond our buildin¢s capacity for our outreach and day service provisions and finding additional venues to host these is proving challenging. We have viewed and been offered various spaces but are yet to find one that meets our acces51bility needs. We have experienced a difficult financial situation this year, which has resulted in a deficit end of year position. Thanks to our robust financial monitoring, our Finance & Fundraising Committee has been working hard to ensure the impact of this is reduced where possible. 66 Chester's story, k)y his mum, Kote Chester was born with a rare genetic condition that caused a developmental deaY and severe scoliosis and he has always needed 24-hour personal care and support to keep him well and comfortable. Then last year, due to his worsening health, he needed major life-saving scol iosis surgery, which was incredibly difficult and came with a long recovery. I was exhausted. Then Chester started attending Rose Road, and I can honestly Say he is the happiest he's ever been, and we as a family have enjoyed more rest, flexibility and freedom than we ever had beforel Family life had always felt fragmented until now, too. Days Out were always split as one parent took the children out and one stayed home with Chester. But now, while Chester stays at Rose Road, we can spend quality time with our other children. I have the freedom to say yesl Beyond the practical benefits, it's amazing to see Chester is just more excited by life now, his mental health has massively improved and he's always laughing and happy. We didn't know how isolated we were until we had Rose Road: it has just improved all our lives dramatically. 99 Moking a positive difference to the lives of disobledyoung people Page12
The Rose Roa(1 A550ciation Report of the Tru5tee5 ltrr rhe Year f nded 31st March 2025 Departmental Achievements ond Performance Oaks and Acorns Overnight Respite 3,693 overnight stays 108 families Ou r overnight respite provision has delivered 3,693 overnight breaks in this period. Although the number is slightly lower than the previous year, we have seen an increase in the number of more complex children and young adults being referred to us, which has contributed to maintaining projected income across the year. We are very proud of our staff team for delivering such high quality care to child ren and young people with extremely complex health care needs, and we have managed to deliver against our income budget for the year. We have worked hard to get through all referrals on our waiting lists and referrals are open for both Oaks and Acorns for the first time in 6 years. This now means that we can respond quickly to new referrals as they come through. 66 Toni, Jamey-Lee's mum The staff at Rose Road understand. They listen, they care, they love Jamey-Lee. I get a restful night's sleep every week, I can spend quality time with her younger sister Maggie, I can breathe and even take time for myself. Rose Road are saving me every week. 9> Challenges Recruitment has been a challenge again. We had reached a point where we were able to pause recruitment but, due to the increase in complex referrals and the need for 1..1 and 2..1 care, which requ ires higher staffi ng ratios, we needed to i ricrease our staff levels. This meant we have been understaffed and the need to use agency staff has been far higher than expected. However, we are proud of our ability to attract and retain such brilliant people and are optimistic in filling positions. The red uction in commissioni ng of overnight respite is placing additional pressures on both our organisation and the families impacted by the cut5. We worry about the long-term impact on them when we know that services like overnight respite support family resliience and wellbeing. MokNng o positive difference to the lives of disL7bledyoungpeople Page 13
The Rose Road Association Report of the Trustees for thè Year Ended 31st March 2025 Community Services 046,224 Sat '?, r35 Saturday clubs hours delivered through Outreach, the Hut and Destinations 200/0 167 54 280/0 holida playsc families emes Overall, Community Services provided 46,224 hours to 167 families between April 2024 and March 2025. Broken down.'that is 10,638 hours in The Hut and 35,586 hours in Outreach {including Destinations, weekends and after-school clubs). Community Outreach and The Hut The Outreach service has had another busy year and continued to grow throughout 2024125 - we have welcomed 44 new young people, all of whom are now receiving a regular service. We have also welcomed two new young people to The Hut day service and had funding agreed for a further five to join us in April 2025. This increase in young people has seen us open two enues to run The Hut day service and increase our management team to accommodate this additional service demand. We have continued to enjoy our regular activities that we have on offer including Back Beat Dance, Music Therapy, Boccia and Hydrotherapy to name but a few. We have continued to explore the local area, building relationships with the local community and trialling new activities on offer. Activities Clubs We had another busy year offering a range of Activity clubs during the school holidays and Saturday clubs during term time at the BradbLJry Centre for children across both Southampton and Hampshire. During this year we have delivered 35 Saturday Clubs and 54 Activity Clubs, with over 100 families accessing the sessions. The schemes provide the opportunity for young people to access a safe space to take part in activities that they may not Usually be able to. These schemes also provide young people with the opportunity to interact with their peers outside of school. Mjking o positive difference to the lives of disubledyoungpeople Page 14
The Rose Roa(1 Assoc13tlon Report of rhe TfU5ree5 for the Year Ended 31 st March 2025 Challenges experienced in Community Services The continued growth of Community Services has led to the challenge of space. We are now using both the Scout Hut and the previously occupied Avenues room to deliver The Hut day service. Destinations day service5 are accessing the community as much as possible but rainy days and lunchtimes can result in the building reaching its capacity. We have also reached capacity in terms of the fleet of vehicles that we have available. The team are often having to share vehicles to ensure that all of the young people have equal opportunities to get out and about. Recruitment remains a challenge for evening and weekend support hours despite the team attending numerous external recruitment events, working with local colleges and universities and ensuring that we have a strong social media presence. Family Services Ll,250 ' families We are proud to continue to deliver SEND Information and Advice Support Services to families across Southampton and West Berkshire, supporting more than 1,250 families this past year. Whilst this is a decrease on last year, we have reduced the areas we support so in true term5 the number of families supported remains high. This year saw a concerted focus on increasi ng the ability for families to 'self-serve' using the various resources available on our websites. We have seen an incredible increase of 81 OA) on the previous year of people accessing these resources. We are pleased that we have successfully extended the contracts for both southampton and West Berkshire, however, these will both go out to tender at the end of the extension periods. In Southampton, we have been part of a steering group piloting the SEND mainstream funding Cluster Model, with the aim ofjointly improving outcomes for pupils with SEND. In West Berkshire we have provided support to re-design the'Delivering Better Values, model, and are now involved iri the six Priority Need steering grou ps.. Early Years, Early I ntervention, Inclusion, SEN D, Developing Local specialist Provision and Preparation for Adulthood. Challenges Funding pressures continue to remain a challenge for both services. We deliver a high-quality service despite this and will continue to do so. However, whilst funding remains challenging, demand continues to rise. Meeting this demand without an increase in resources 15 difficult and we are working closely with commissioners to ensure we meet their expectations without putting an unmanageable level of pressure on our dedicated and talented staff. Moking o positive difference to the lives of di5abledyoung people Pa8e15
The Rose Road Association Report of the Trustees for the Year Ended 315r March 2025 Fundraising Fundraising income for 2024125 was unfortunately lower than targeted and lower than the previous year. This is mostly as a result of a red uction in Trust i ncome, which was widely experienced across the sector. Despite this, we continue to have great relationships with our funders and have benefitted from multi-year grants from organisations we know well, and we are very thankful for this support. Alongside this we have also seen the growth experienced last year in our Community income continue through this financial year, and we are very grateful to our local supporters for continuing to believe in us. From office bake-offs and quiz nights, to our chal lenge event participants, community fundraising is going from strength to strength. To combat the changes experienced across the sector we have re-allocated resources in our Fundraising team to focus more on community, individual, regular and corporate giving, and reduce reliance on Trusts and grant givi ng organisations in the futu re. We are extremely indebted to our funding partners, local business community and individal donors, who have allowed amazing moments to happen this year. Without you, music therapy, hydrotherapy, crisis 5UPPOrt, amazing days out safely pushing boundaries, and help for families to advocate and speak up would not have happened. (L Thank you to each and everyone of you. Challenges We are acutely aware of the impact on our families and staff team where we have not been able to fully fund projects. We are determined in the coming year to redouble our efforts and reduce reliance on certain income sources to fund essential projects, including our Emergency Respiie project and the refurbishment of flooring and window coverings in Acorns to match the work completed in Oaks last year. We have experienced some changes in staffing in ourteam and know that moving forward this coming year we need to ensure that our existing relationships are mai ntained, and that we focus on prioritising excellent donor stewardship. Making o posiiive difference £0 rhe IVe5 of disabledyoungpeople Page 16
The Rose Road Association Report of the Trvstees for the Year Ended 315t Marth 2025 Fundraising Statement I n accordance with The 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 yea r 2024-25 The Association is voluntarily registered with the Fundraising Regulator and practices its fundraising activities within the Regu latorfs Code of Fundraising Practice. Senior fundraising staff are member5 of the Institute of Fundraising and abide by its Compliance Framework. There have been no instance5 of failure to comply with Fundraising Regulator Standards and O complaints have been received since our registration with them. Fu ndraising staff and volunteers adhere to the Association's Ethical Fundraising Policy and relevant safeguarding policies to ensure vulnerable people are protected. Moking (T Positive difference to the litres of di5obledyoungpeople Page 17
The Rose Road 50[lation Report of the TrustÈes for the Year Ended 31 st March 2025 The Veor Aheod The year ahead is an exciting one for Rose Road. We vvill continue to expand on the excellent work already done on improving the quality of service delivery and on supporting the people we employ- to enable them to do thejobs they do 50 well. We will also continue to explore potential opportunities for growth of the organisation. We know that it is the wish of many of our families that Rose Road would be able to provide long term residential or supported livi ng services for their young people. This is something we continue to explore and have ambitions to achieve in the future. Community Growth We have identified opportunities to increase our reach and service delivery in both our day services and our Community Outreach services. In 2024125, we made the strategic decision to create a Head of Community Services role to increase focus on this area. As a result of that growth we have the following ambitious plans: We are in the process of taking over the delivery of an additional 500 hours of community support from another local provider who has made the decision to exit the market. In total, the packages could grow further and generate as much as £1.2m should we be able to recruit sufficient staff. This is a slight change in direction with regards to the type of support required for the cohort of children and adults but remains in line with our core support offeri ng. We will begin delivery of this service in June 2025. Having successfully applied to join the Portsmouth Day Services Framework, we will be seeking a property to deliver an on-slte day service for the a rea, similar to The H ut. We currently operate in the area but with only a handful of young people and are excited to see the service develop further. We have expanded The Hut thi5 financial year and continue to see an increase in demand for its service. We will be actively seeking a new location to house the service in Southampton and will explore opportunities to have two sites in the area- to cover users from both sides of the City as well as the surrounding areas. Moking o posiiive difference to the lives of disobledyouns people P8ge 18
The Rose Road Association Rèpori of the Trustees for the Year Ended 315t March 2025 Organisational Changes Due to changes made in 2024125 we now have a structure that will support continued growth of the organisation without a need to i ncrease central costs. These changes included- Moving to an in-house payroll function Creation of the Head of Community Services role and restructure of the Community Services leadership team Restructure of the Fundraising team Restructure of the Estates function Principle Risks and Uncertointies A Risk Register is used to identify and monitor the management of key operational and strategic risks to the Association. A change was made this year to provide better governance and oversight of these risks. The new process is: The officers review all risks regularly with the Chief Executive Officer to ensure they are placed with the appropriate committee. The highest risks sit with the Strategy Committee - this committee meets monthly and has delegated H igh risks related to finance and organisational sustainability 51t with the Finance & Fundraising Committee H igh risks related to quality, standards and people sit with the Quality, standards & People Committee. All other risks are delegated to the Senior Leadership Team who meet monthly. Our key risks are as follows: Overnight Respite Services - Local authoritie5 have been reducing packages of overnight Respite support which ha5 reduced our ability to deliver sustainable services. Contracts - A large number of our contracts with local authorities are being retendered this financial year. There is a risk to us of these not bei ng re-awarded. Reduced Income - Overnight Re5Plte income has reduced significantly, which the result of a recent Local Authority consultation may reduce further. Pricing - Local authority funding continues to be stretched which puts additional pressure on contract income. MGking u positive difference £0 the lives of disobledyoung people Page 19
The Rose Ro8d Association Report of the Trustees for the Year Ended 315t M4rch 2025 Finonciol Review The overall gross income of the charity was £5,076.081 for the year 202412512023124.. £4,718,664). The majority of the charitls funding comes from Service contracts and grants with local authorities related to individual care packages, which 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. The charity also receives income through fundraising and grants for our work with families and individuals. Total expenditure from all operation5 for the year 2024125 amounted to £5.281.979 12023124: £4,984,6501, an increase of 6.0% year on year. This resulted in net outgoing resources of £205.898 in the year12023124.' £265,986) The Association is releasing £125,000 of Endowment Reserves each year from money it has received from the Edward Gostling Foundation. This is planned expenditure to invest in the development of the Association over an eight-year period. The underlying deficit position, before these movement in funds, was £80,898 for the year. The were several factors driving this deficit for the 2024125 year. It was an extremely challenging year for the fundraising team. Total donation and legacy income was down 1896 on the prior year, with many trust and grant giving bodies not able to award the same level of gifts as previously seen by the Association, and the impact of increased cost of living being felt by many of our donors and supporter5. Additionally it has been difficult to recruit support workers for our services, which has resulted in the use of more costly agency staff to deliver ou r Respite nights. During the year the Association consolidated some of its back office service5, changing its IT support provider and bringing payroll in-house. Thi5 resu Ited in a one-off cost write off of £19,833, but provides a more stable base as the charity grows. The Association's capital expenditure for the year was £159,93712023124'. £209,875},' which included the purchase ofa new minibus, a garden makeover and new flooring in our Oaks Respite unit, and a new soft play area. Moking G positive difference to the lives of disobledyoungpeople Page 20
The Rose R03d Associ8tion Repon of Ihe Tru5rees for rhe Year Ended 315t March 2025 Bosis 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 50RP IFRS 1021 '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 Republ ic of Ireland IFRS 1021 (effective 1 January 20191,, 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 mod ified by the revaluation of certain asset5. 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 re5erve5. 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 rllay come the way of the charity. The charity also needs reserves to provide sufficient working capita I to support its day to day operations. The Board of Trustees cornsider5 It prudent to keep a level of reserves to meet their responsibilities and commitment5, protect and advance its cu rrent activities and to enable it to progress its long term aims and objectives which are outlined in Ihe Business Strategy. The Rose Road A55ociation's Board of Trustees has reviewed the adequacy of its reserves held on 31 st March 2025, in line with its policy to do so on an annual basis and have established the fol lowing un restricted reserve funds.. A designated fund for the net book va lue of unrestricted tangible fixed assets, including specialised equipment, which cannot easily be converted into cash of £852,835 A General Fund to provide working capital equivalent to between 2 and 4 months operating expenditure of £1.187.896. The General Fund currently stands at 2.7 months operating expenditure cover At 31, March 2025, the unrestricted General Fund fell within the range required by the policy. Du ri ng the financial year 2025126, we will be reviewing our reserves policy to ensure we are maintaining future stability. If our General Fund to provide working capital were to fall below the levels set in our policy we would work to increase available funds as soon as possible. Moking t7 positive difference to the lives of disL7bledyoungpeople Page 21
rhe Rose Road Assoc5ation Repon of ihe Trustees for the Year Ended 31st March 2025 The Association has Restricted Reserves of £1,802,970 - this represents the original cost of the Bradbury Centre before any capital improvements. The Association has Endowment Reserves of £625,000 in relation to a donation of £1,000,000 received in 2022123 from the Edward Gostling 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 17 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 The trustees (who are also directors of the Rose Road Association for the purposes of company lawl are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financia5 statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditu re, of the charitable company for that period. In preparing those financial 5tatementS, the trustees are required to: select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charity SORP,- make judgements and estimates that are reasonable and prudent,. prepare the financial statements on the going concern basis unless It is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accurary at any time the financial position of the charitable company and to 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. Moking t7 Positive difference to the lives of di5abledyoungpeople Page 22
ThÈ ROSÈ Road ksoclailon Report of the Trustees forthevear Ended 31st March 2D25 In so far as the trustees are aware.. there is no relevant audit information of which the charitable company's auditor5 are unaware; and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to estsblish that the auditors are aware of that informatlon. On 16, December 2024 the Chichester office of Sheen Stickland merged with Lewis Brownlee (Chichester) Limited who were appointed as auditors for the year ended 31" March 2025 and until the forthcoming annual general meeting at which the appointment will be formally considered. Approved by the Board ofTrustees on ...1.£4K 20LS Julie Gomer Director and Chair of Trustees Chris Sirl Director and Treasurer Making a PDSltlve dlfference to the Iwes of di5ubledyoungpeople Page 23
The Rose Road AssatiaEion Repori of the Independent Auditors for the Year Enoed 31 st March 2025 Report of the Independent Auditors to the Memk)ers of The Rose Rood Associcition Opinlon We have audited the financial statements of The Rose Road Association Ithe 'charitable company'l for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement a nd notes to the fi nancial statements, including a sum mary of sign ificant accounting policies. The fina ncial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 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 opinlon We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the fi nancial statements section of our report. We are independent of the charitable company 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 responsibiSities 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 basi5 of accou nting 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. Ou r responsibilities and the responsibil ities of the trustees Wlth respect to going concern are described in the relevant sections of this report. Moking (J posirive difference to the lives of di5Gbledyoungpeople Page 24
The Rose R03(l AssociAtion Report of rhe Independent Auditors for Ihe Year Ended 31 st March 2025 Other informatlon The trustees are responsible for the other information. The other information comprises the i nformation included in the Annual Report, other than the financial statements and our Report of the Independent Auditors 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 doi ng so, consider whether the other i rnformation is material ly 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 Companles Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is con5iStentwith the financial statements,. and the Report of the Trustees has been prepared in accordance with applicable lega5 requirements. Matters on which we are required to report by exceptlon In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatement5 in the Report of the Trustees. 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, remu neration specified by law a re not made,. or we have not received all the information and explanations we require for our audit,. or the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strateg( Report or in preparing the Report of the Trustees. Moking t7 positive difference £0 the lives of di5abledyoungpeople Page 25
The Rose Road Association Reporr of rhe Independenr Auditors for che Year Ended 31st March 202S Responslbilltles of trustees As explained more fully in the Trustees, Responsibilities Statement, the trustees Iwho are also the director5 of the charitable company for the purposes of company lawl are responsible for the prepa ration of the financial statements and for being satisfied that they give a irue 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. I n preparing the financial statements, the trustees are responsible for assessi ng the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the goi ng concern basis of accounting unless the trustees either intend to liq uidate the charitable company or to cease operations, or have no realistic alternative but to do so. Our responslbllltles for the audit of the financial statements Our objectives are to obtain reasonable assu rance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an aud it conducted i n accordance with1SAs IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, ind ividually 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 detecti ng 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., reviewi ng financial statement disclosu res 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 appropriatenes5, and evaluati ng the business rationale of significant transactions outside the normal course of business. A further description of our responsibi lities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibil ities. This description forms part of our Report of the Independent Auditors. Moking a positive difference to the live5 of disobledyoung people Page 26
The Rose Road Assoc13110n Report of the Independent Auditor5 for the Year Ended 31st March 2025 Use of our report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matier5 we are required to state to them in an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. Sarah Alexander FCCA FCA (Senior Statutory Auditor) for and on behalf of Lewis 8rownlee (Chichester) Limited Statutory Auditors Appledram Barns Birdham Road Chichester West Sussex P020 7EQ 4 November 2025 Moking u p051tive difference to the live5 of disabledyoung people Page 27
The Rose Road Association Finénci815tarement5 for rhe Year Ended 31 st March 2025 Stotement of Finc]nciol Activities For the year ended 31, March 2025 Unrestricted Restricted Funds Funds Endowment Total Funds Total Fund5 Fund5 2025 2024 Notes Income and endowments from Donations & legacies Charitable activities Other trading activities Investments 235,955 4,60S,S32 18,368 31,894 104,281 80,051 316.006 4.605,532 18.368 31,894 104.281 384,154 4,16S,008 17,568 43,881 108,053 Other income Total incoming resources 4,996,030 80,051 5,076,081 4,718,664 Expenditure on Raising fund5 Charitable activities 264,47D 4,918,207 264.470 5.017.509 279,022 4,705,628 99,302 Total resources expended 5,182,677 99,302 5.281.979 4,984,650 NET INCOMING I (OUTGOING) RESOURCES 1186,6471 119,2511 1205,8981 1265,9861 Transfer between funds 17 125,000 1125,0001 NET MOVEMENTS IN FUNDS 161,6471 119,2511 1125,0001 1205.898) 1265,9861 Reconciliation of Funds Fund balance5 at 1 April 2024 2,102,378 1,822,221 750,000 4,674.599 4,940,585 Fund balances at 31 March 2025 2,040,731 1,802,970 625,000 4.468.701 4,674,599 All gains and losses recognised in the year are included above. Making u positive difference to the lives of Oisobledyoung people Page 28
The Rose Road AssotiÈtion FitTrancial 518iements for the Year Ended 31st March 2025 Bolance Sheet at 31" March 2025 Notes 2025 2024 Fixed Assets 13 Tangible asseis 2.678,321 2,67S,056 Current A55ets Debtors Cash at bankand in hand 14 876.475 1.420.591 1,162,744 1,493,668 2,297.066 2,656,412 Liabilities Creditors.. Amount5 falling due within one year 15 {506.6861 1656,8691 NET CURRENT ASSETS 1,790,380 1,999,543 4,674,599 TOTAL ASSETS LESS CURRENT LIABILITIES 4.468,701 TOTAL NET ASSETS 4.468.701 4,674,599 Funds 17 Unrestricted funds 2.040.731 2,102,378 1,822,221 750.000 Ro5tricted funds 1.802.970 Endowment funds 625,000 TOTAL FUNDS 4.468,701 4,674,599 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companie5 regime. The financial statements were approved by the Board of Trustees and authorised for issue on 28 October 2025 and were signed orTr its behalf by.. Julie Gomer, Chair of Trustees Chris Sirl, Treasurer Making a positive difference to the lives of disabledyoung people Page 29
The Rose Road Association Finantial Staremènts for the Year Ended 31st March 2025 Cosh Flow Statement For the year ended 31 March 2025 Note5 2025 2024 Cash flows from operating activities Cash generated from operations 18 54.966 1119,1091 Net cash provided by/lused inl operating activities 54.966 1119,1091 Cash flows from investing activities Purchase of tangible fixed assets Interest received 13 1159,9371 31.894 1209,8571 43,881 Net cash used in investing artivities 1128,0431 1165,9761 Change in cash and cash equivalents in the year 173.077) 1285,0851 Cash and cash equivalents at the beginning of the year 1.493.668 1,778,753 Cash and cash equivalents at the end of the year 1.420.591 1,493,668 Making o posltive difference to the lives of disobledyoung people Page 30
The Rose Road Association F1nancial sratements for the Year Ended 315t March 202S Notes Lo the Finonciol Stotements For the year ended 31 March 2025 1 Accounting Policies Basis of preparing the flnancial statement5 The financial siatements of the chariiable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charifies SORP IFRS 1021 'Accountins and Repoff ing by Charities.. Staiement of Recommended Practice applicable to charities preparing their account5 in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 (effective l January 20191,, Financial Reporting Standard 102 'The Financial Reporting Srandard applicable In the UK and Republic of Ireland, and the Companies Act 2006. The financial slalement5 have been prepared under the historical cost convention. 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. Expenditure Liabilities Bre recogni5ed a5 expenditure as soon as there 15 a legal or constructive obligatlDn comfflitting 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 relably. Expenditure is accounted for on an accruals basis and has been classified under heading5 that aggregate all CDSts related 10 Ihe category. Where costs cannot be directly att[buted to particular headings they have been allocated lo acrivities on a ba515 COnSlStent with the use of resources. Tangible flxed assets Computer equipment costing more than £350 and all other assets costing more than £1,000 are capitalised and stated In the balance sheet at C05t. Depreciation is provided at the following annual rates in order ro wriie off each asset over lis estimated useful life, Freehold land - not provided Building improvements/Furniture and equipment - 15% on reducing balance Motor vehicles- 20% on c05t Leasehold buildings - 1 % straight line Computer Equipment- 25% on c05t Taxation The charity is exempt from corporation tax on its charitable activities. Fund accounting Unresrricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within rhe Dbjecis of the charity. Restrictions arise when specified by Ihe donor or when funds are raised for particular restricted purposes. Further explanations of the nature and purpose of each fund is included in the note5 ro the financial statements. Hire purchase and leaslng commitments Rentals paid under operating leases are charged to the Statement of Financial Activities on è straight line basis over the period of the lease. Penslon costs and other post.retlrement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged 10 the Statement of Financial Activities in the period to which they relate. Judgements in applylng accounting policie5 and key sources of estimation uncertainty Key judgements that the charity has made which have a signific3nr effeci on Ihe accounts including reviewing and carrying our a risk analysis of (he factors affeciing the charity's ability to continue ro fundraise income and win and Tetain seNice contracts. The trustees do not consider thai Ihere are any sources of estimation uncertainty at the reporting dale that have a significant risk of caL151ng a material adjusiment to the carrying amounts of assets and liabilities wirhin the next reporting period. Muking o posNtive difference to the lives of disubledyoung people Page 31
The Rose Road Associ£titrn FIDancial 51aiemenis lor the Ye81 Ended 315t March 2025 2025 2024 2 Donations and legacies Trusts 139.239 213.271 Community Corporate Major donors 113.518 53,032 10.217 108.123 48,330 14,430 Total donation and legacy income 316,IX16 384,154 3 Other trading actbvities 18.368 17,568 4 Investment Income Bank interest received 31,894 43,881 5 Income from charitable activities Community Services Respite Famlly Services Avenues Total 2025 2024 Contractual payment from local authorities 2,131,970 1,734,133 319.146 4.185,249 3,740,211 Grants received for reventje purposes Other incoming resources 53,093 85,994 170,433 223.526 403,796 21,001 110.763 196.757 Total intome from charitable activities 2.242.733 1.873,220 170.433 319.146 4.605,532 4,165,008 6 Other Income 2025 2024 Rosewood School Miscellaneou5 90,255 14.026 94,343 13,710 Total other income 104.281 108,053 Making a positive difference to the lives of disabledyoung people Page 32
The Rose Road Association Financibl Starements for the Year Ended 31st March 2025 7 Expenditure on raising funds 2025 2024 Cost of generating donation and legacy income Cost of trading activities income 221,941 42.529 236,973 42,049 Total expenditure on raising funds 264,470 279,022 8 Expenditure on charitable activities Total 202S Total 2024 Respite Community Services Family Service5 Avenues 2.126.068 1.779.512 162.619 1,950,157 1,365,791 309,719 332,680 586.508 539,412 510,627 29,922 Support costs Governance costs 30.122 Total expenditure from charitable activitie5 5,017,509 4.705.628 9 Support costs Communlty Farnily Trading Raising Services Services Avenues Activities Funds 4£ Total 2025 Total 2024 Respite Management 42,797 Finance 99,993 Humon Resources 51,763 Information Techno108y 71,723 Governance 13,676 35,746 83,518 43,234 59,906 11,423 3,252 7.599 3,934 5.451 1,038 6,090 14.229 7,366 10,2D7 1,946 351 819 424 587 112 6,030 14.089 7,293 10,107 1,927 94.266 84.591 220,247 221,423 114.014 101,542 157.981 125.972 30.122 31.414 Total Support Costs 279.952 233.827 21.274 39,838 2,293 39.446 616,630 565,302 10 Net Incomel(Expenditure) 2025 2024 Resources expended by the charity include.. Auditors, remuneration 11.083 144.846 5.940 9,307 114,363 4,888 Depreciation Operating leases equipment Loss on disposal of asset 11,826 Making o positive difference to the lives of disobledyoung people Page 33
The Rose Road Associarioft Financial Staiement5 for the Year Ended 3151 March 2025 11 Trustees. remuneration and expenses There were no trustees, remuneration or expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. 12 Staff costs 2025 2024 Wages and salaries Social security costs Pension costs 3.293.992 229.060 84,062 2,860,031 192,915 74,028 Total staff c05t5 3.607.114 3,126,974 The average monthly number of employees during the year was a5 follows.. 2025 2024 Respite Community Service5 Family Services Strategic charity development Raising funds Trading activities Adrninistration 70 68 67 67 15 166 164 The number of employees whose employee benefit5 lexcluding employer pension costs) exceeded £60,000 wa5.. 2025 2024 £70,001- £80,000 £80,001- £90,000 The total amount of remuneration to key management personnel, including employer pension and Nl, paid during the year was £349,14412024.' £323,597). Making a posltive difference to the lives of disubledyoung people Page 3
The Rose Road Association Finantial Statement5 for the Year Ended 31st March 2025 13 Tangible fixed assets Freehold land & buildings Motor vehicles Equipment Total Cost At 1 April 2024 Additions Oisposals 2,665,149 1,066,487 134,737 120,7981 138,436 25,200 3,870,072 159.937 120.7981 4,009.211 At 31 March 2025 2.665.149 1,180.426 163,636 Depreciation At 1 April 2024 Charge for the year Disp05als 494,472 26,934 627,595 89,861 18,9721 72,949 28,051 1,195.016 144.846 18,9721 At 31 March 2025 521.406 708.484 101.000 1.330.890 Net book value At 31 March 2025 2,143.743 471.942 62.636 2.678,321 At 31 March 2024 2,170,677 438,892 65,487 2.675,056 14 Debtors 2025 2024 Trade debtors 43,555 50,343 100 Other debtors Statutory authority debtors Prepayments Accrued income 576.764 80,739 175.417 1,010,050 92,312 9,939 Total debtors 876.475 1,162,744 15 Creditors 2025 2024 Trade creditors and credit card 86.530 65.141 1.053 288,287 44,490 1,415 Taxation and social security VAT Other creditors 220,129 102.541 121,006 Accruals 125,578 76,093 Deferred income 31.292 Total creditor5 506.686 656,869 Moking a positive difference to fhe lives of dSabledyon8pe0P1e P8ge 35
The Rose Road Association Financial 51o1ements for rhe Year Ended 31 st March 2025 16 Operating lease commitments Minimum lease payments under non-cancellable operating leases fall due as follows.. 2025 2024 Within one year Between one and five years 2.737 3.203 1,984 2,805 Total operating lease committmenls 5.940 4.789 17 Movement In funds Net movement in funds Transfers between funds At 31 Mar 25 At1Apr24 Unrestricted fund5 General fund Designated fLJnds- Fixed asset reserve Designated funds - Tangible fixed asset not easily converted to cash 999,543 250,000 1186,6471 375,000 1,187,896 12SO,0001 852,835 852.835 Total unrestricted funds 2,102,378 {186.6471 125.000 2.040.731 Restricted funds Bradbury Centre Re5Plte trust nights and equipmenr 1,822,221 123,2821 4,031 1.798.939 4,031 Total restrlcted funds 1.822.221 119.2511 1.802.970 Endowment funds Edward G05tling Foundation 750,000 1125,0001 625.000 Total funds 4.674.599 {205.8981 4,468,701 Net movement in fund5, included in the above are as follows: Incomlng resourtes Resources expended Movement in funds Unrestricted funds General fund 4,996,030 15,182,677) 1186.6471 Restricted funds Bradbury Centre Respite trust nights and equipment 123,2821 176.0201 123.282) 80,051 4.031 80.051 199.3021 119.2511 Total funds 5.076.081 15,281.9791 1205.8981 Moking o positive difference to the lives of disabledyoungpeople Page 36
The Rose Road Association Finènc1315ratements for the Yeèr Ended 315t Morch 2025 17 Movement in fund5- continued Cornparatives for movement in funds Net movement in funds Transfers between funds At 1Apr23 At 31 Mar 24 Unrestricted fund5 General fund Designated funds- Fixed asset reserve Designated funds Tangible fixed asset not easily converted to cash 1,199,715 250,000 770,367 1242,7041 42,532 999.543 250,000 852.835 82,468 2,220.082 {242.7041 125.000 2,102.378 Restricted funds Bradbury Centre Resplte trust night5 and equipment Other 1,84S,503 123,2821 17.5001 7,500 1.822.221 17.5001 7.500 1,845,503 123.2821 1.822.221 Endowment funds Edward Gostling Foundation 875,000 1125,0001 750.000 Total funds 4.940.585 1265,986) 4.674.$99 Comparative net movement in fund5, included in the above are as follows: Incoming resources Resource5 expended Movement in funds Unrestricted fund5 General fund 4,503,315 14,746,019) 133,1781 1242.7041 Designated fund5- Tangible fixed asset not easily converted lo cash 33,178 4.536,493 14.779.197} 1242,7041 Restricted funds Bradbury Centre Respite trust nights and equiprrient Community Services and equipment Family Services Other 123,2821 153,5541 155,8051 11881 172,6241 {23.2821 46,054 (7.5001 55,805 188 80.124 7,500 182.171 1205.4531 123.2821 Total funds 4.718.664 14.984,6501 1265.9861 Mgking a positiwe difference to Ihe lives of disobledyoung people Pa8e 37
The Rose Road Association Financial Statements lor the Year Ended 31st March 2025 17 Movement in funds- continued A current year and 12 months and prior year 12 month5 combined position 15 a5 follows.. Net movement in funds Transfers between funds At 1Apr23 At 31 Mar 25 Unrestricted funds General fund 1,199,715 250,000 770,367 1429,3511 417,532 1250,0001 82,468 1.187.896 Designated funds - Fixed asset reserve Designated funds - Tangible fixed asset not easily converted to cash 852,835 2.220.082 (429.3511 250.000 2.040.731 Restricted funds Bradbury Centre Respite trust nights and equipment Other 1,845,503 146,5641 13,4691 7,500 1.798.939 13,4691 7,500 1.845.503 142.5331 1,802,970 Endowment funds Edward Gostling Foundation 875,000 1250,0001 625.000 Total funds 4.940.585 (471.8841 4.468.701 A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 9,499,345 19,928,696) 1429,3511 Designated funds- Tangible f1xed asset not easily converted to cash 33,178 133,1781 9,532,523 19,961,874) 1429.3511 Restricted funds Bradbury Centre Respite trust nights and equipment Community Services and equipment Farnily Services Other 146,5641 1129,5741 146,5641 13.4691 126,105 55,805 188 155.8051 11881 172,6241 80,124 262.222 7.500 1304.7551 142,5331 Total fund5 9.794.745 110,266,629) 1471.8841 Bradbury Centre The original cost of the Bradbury Centre building is a restricted fund. The Edward Gostllng Foundation The Association in 2022123 received a large expendable endowment donation of £1,000,000 from the Edward Gostling Foundation towards its core costs. This amazing gift supports Rose Road to build its capacity and financial and organisational wellbeing over the eight year5 from 2022123. The endowment must be drawn down over the eight year period at £125,000 a year, 51arting from the year ended 31 March 2023. Moking a p051tive difference Éo Ihe lives of disobledyoung people Page 38
The Rose Road A550tiarion Financi315tatements for the YÈèr Ended 31 st March 2025 18 Reconciliation of net expenditure to net cash flow from operating activities 2025 2024 Net expenditure for the reporting period las per the Statement of Financial Activities) 1205.8981 1265,9861 Adjustments for: Depreciaiion charges Loss on disposal of fixed assets Interesi received 144.846 11,826 131.894} 116,515 1,156 143.8811 1197,5681 270,655 Decreasellincreasel in debtors IDecreaseVincrease in creditors 286,269 1150,1831 Net cash provided byllused inl operations 54,966 1119.1091 19 Related party transaction There were no related paty transactions for the year ended 31 March 2025. n4t7king a pos11ive difference to the lives of dist7bledyoungpeople Page 39