CHARITY REGISTRATION NUMBER: 312707
THE JOHN ROAN FOUNDATION
FINANCIAL STATEMENTS
31 AUGUST 2024
OPASS BILLINGS WILSON & HO]¥EY LLP
Chartered Certified Accountants& statutory auditor
Numeric House
98 Station Road
Sidcup
Kent
DA15 7BY

THE JOHN ROAN FOUNDATION
FINANCIAL STATEMENTS
YEAR ENDED 31 AUGusf 2024
Pages
Trustee's annual report
Ito8
Independent auditoffs report to the members
9t012
Statement of fmancial activities
13
Statement of f￿ancIal position
14
Notes to the f￿anCIal statements
15to23

THE JOHN ROAN FOUNDATION
TRUSTEE'S ANIYUAL REPORT
YEAR ENDED 31 AUGUST 2024
The Trustee presents his report and the fmancial statements of the charity for the year ended 31 August 2024.
Reference gnd administrntftve details
Registered charity name
The John Roan Foundation
Charity registration number
312707
Principydl office
The John Roan School
Maze Hill
London
SE3 7UD
The Trustee
John Roan Foundation Trustee
Limited
Directors of John Roan Foundation Tn￿e¢ Ltd (refetred as Trustees in this report) during the year were as
follows..
Nominated
Ms E Daniels
Mr M Roberts
Cllr M Rahman (Resigned May 2024)
Mr J Farrell (Resigned October 2024)
Dr Gordon Ade-ojo
Ms M Lolavar (Resigned October 2024)
Mr L Fletcher (Appointed May 2024)
Co-opted
Ms L Nelson (Chair)
Mr V Lawrence
Mr M Moore
Mr C Strong
Ms J Farnler
Mr J Arn)son
Ex-offjcio
Ms C Smith (Resigned December 2024)

THE JOHN ROAN FOUNDATION
TRUSTEE'S ANNUAL REPORT
YEAR ENDED 31 AUGUST 2024
Clerk to Truste
Mrs M Br(￿kS Evans
Auditor
Opass Billings Wilson & Honey LLP
Chartered Certified Accountants & statutory auditor
Numeric House
98 Station Road
Sidcup
Kent
DA15 7BY
Bankers
Lloyds TSB PIC
71 Lombard Street
London
EC3P 3BS
The Co-operative Bank PIC
P.0. Box 250
Delf House
Southway
Skemersdale
WN8 6wr

THE JOHN ROAN FOUNDATION
TRUSTEE'S ANNUAL REPORT (Co￿¥￿￿ed)
YEAR ENDED 31 AUGUST 2024
Structure* governance and management
Nalure of the Governing Docurnent and Constitution of the eharity
Th¢ Charity is named the John Roan Foundation with charity registration number 312707. In the matter of the
Charity known as the John Roan Foundation (originally known as Roan Schools), in the Royal Borough of
Greenwich, regulated by a Scheme of the Charity Commission approved by His Majesty in Council on the 19th
November 1902, as varied or affected by Schemes made by the Board of Education on the 13th January 1905,
the 31st August 1909, the 21st December 1915, the 31st January 1922 and the 19th June 1998 comprised in
Articles of Government establishcd by an Order of the Minister of Education of the 23rd October 1961 as varied
by an Order of the Minister of Education of the 10th June 1977, and comprised in the John Roan School
(Instrument of Government) Order 1983 and the John Roan School (Articles of Government) Order 1983, and as
varied by a resolution of the Trustees of the Charity on the 24th September 2013. and In the matter of the
Charities Act 201 l including any statutory modification or re-enactment for the time being in force (Yhe Act,).
A Scheme on 16th August 2019 appointed a sole corporate Trustee for the Charity, John Roan Foundation
Trustee Limited, a company registered by guarantee. company number 11905489. The previous Trustees became
Directors of the new compally but are reftrred to as Trustees in this Annual Report.

THE JOHN ROAN FOUNDATION
TRUSTEEIS IiNNUAL REPORT (con￿￿#￿)
YEAR ENDED 31 AUGUST 2024
Structure? gov¢rnanee and management fcowinued)
The methods 2dopted for the recrnitment and appointment of new trustees
Directors of John Roan Foundation Trustee Ltd shall consis( when complete, of not more than thirteen and not
fewer than eleven compct¢nt persons being:
The Head Teacher
Not more than six and not fewer than four CIH)pted Tru5te¢s and
Six nominated Truslees appointed as follows:
Two by the Council of the Royal Borough of Greenwich as the local education authority:
One by the University of Greenwich.
One parent or guardian by the John Roan School:
One by the teaching staff of the John Roan School" and
One by the Old Roan Association.
Every Trustee appointed (other than the Head Teacher) shall be appointed for four years, or if the appointment is
being made to fill a casual vacancy, the unexpired tern] of their predecessor.
The policies and procedures adopted for the induction and trnlnfing of trustees
There is an induction procedure for all new Tn￿ees. This includes an invitation by the Chair to meet prior to
their attendance at their first meeting to give background information regarding the Charity and its aim and
objectives. All new Trustees are provided with all required infornlation on appointment.
The organisational strneture of the eharllty and hoTv decisions are made
The Charity holds six meetings per year, the meetings are minuted and an agenda is sent out in advance.
Decisions are made following full discussion and by reaching majority decision. Sub-￿mMittees for Finance.
Property Management and the Playing Fields meet on a regular basis and report back to the boar
Financial Risk Management Objectiv¢s and Polici¢s
The Trustees have given consideration to the major risks to which the Charity is exposed and satisfied
themselves that system5 or proceduTes are established in order to manage those risks.
The Trustees consider that a major risk is one which, if it materialised, would have a significant adverse impact
on the Charity's ability to function and achieve its purposes. namely awarding grants. The Trustees recognise that
risks can arise not onty from the Charity's activities but also from failure to act or exploit opportunities.
The Trustees do not consider that all risks should be avoided. They are not averse to taking reasonable risks as
part of their strategy to achieve the Charity's objects. However. they wish to be made aware of the major risks
the Charity faces so that they &qn plan how to manage those risks and Mitigate their effects.
The Trustees have constdered the major risks faced by the Charity. and these are detailed in a Risk Register. The
risks are categorised in the register as pertaining to finance. &8sets, health and safety, key personnel. grant
making, goveTnance and IT and office. The Risk Register is reviewed annually.

THE JOHN ROAN FOUNDATION
TRUSTEE'S ANNUAL REPORT (conlin¥ed)
YEAR ENDED 31 AUGUST 2024
Objectives and activities
An explanation of the charity's main objectives for the year
The Trustees review the Charity's aims. objectives and activities each year, to ensure that they remain focused on
the stated purposes. The accounts below sets out what the Charity has achieved in each area of activity. The
Trustees have referred to the guidance contained in the Charity Comtnission's general guidance on public benefit
when reviewing the aims and objectives and in planning future adivities. In particular, the Trustees consider
how planned activities will contributr to th¢ aims and objectives they have set.
The objectives of the charity are:
a) Towards Providing such special benefits of any kind not nornially provided out of public funds for the
School as may from time to time be agreed between the TDJStees and the Governors of thal School.
b) In promoting the education (including social and physical training) of persons under the age of 25 years
who are either attending or have attended the School or any other school in the maintained sector in the London
Borough of Greenwich, and who aTe in need of f￿anCIal assistance and in particular without prejudice to the
generality of the foregoing: .
In awarding to such person's scholarships. exhibitions, bursarie4 rnaintenance allowances or grants
tenable at any school, university. college of education, or other institution of further (including
professional and technical) education approved for the PUr￿se by the Tn]stees.
In providing financial assistance, outfits clothin& tool4 instruments or books to &ssist such persons
to pursue their education (including the stt]dy of music and other arts), to undertake travel in
furtherance th￿f. or to Prepare for or enter a profession. trdde, occupation or service on leaving
school, university. or other education establishment.
c) Within the limits prescribed by this Scheme the Trustees shall have full power to make Thles for the award
of scholarships, exhibitions, bursaries, maintenance allowances and other benefits, including rules as to the value
and period of tenure of the awards and the qualtfications. method of ascertainment and selection of candidates
for benefit.
d) In allocating benefits the Trustees shall have regard to the promotion of education in accordance with the
principles and doctrines of the Christian Faith.

THE JOHN ROAN FOUNDATION
TRUSTEE'S ANNUAL REPORT {conllnuedJ
YEAR ENDED 31 AUGUST 2024
Achievements and performance
Aetivities undertaken to achieve objectives
The Trustees make regular grants each year and also consider one off applications. Grants are made to
encourage the personal development of the students outside the nomial subject cu￿1Culum.
Regular grants include payment of music lessons so that all students are given the opportunity to learn a musical
instrument free of charge. for a student to attend the London International Youth Science ForLun (LIYSF). the
award of Exhibitions to the highest perfonning girl and boy to help with university c05ts' achievement awards to
encouragc personal accomplishment of s￿dents. to sponsor a basketball academy in the Sixth Fonn,
participation in Debatemate, to help pay towards minibus running expenses and to help necessitous students
participate fully in school life. This year the Trustees introduced a Cultural Enrichment fimd to enable all
students to participate in one culturdl trip in the year.
During the year the Trustees agreed a number of ad-hoc grants to the school totsiling £10,379. This included
funding in full or towards." a Charlton Athletic Enrichment Programme. library books, camping equipment, a
year I I Prom, character education days, a sixth foTm induction day and a post-16 teaTn building day. An
application procedure h&s been established in the school and all staff are encouraged to make applications to the
Trustees to enhance the education of the students. Each grant is considered by the Trustse at the Trustee
meeting. The Head Teacher reports back to the Tn￿tte5 on the impact successful grdnts have had on the
students. Over the long-teTm the Trustees consider the impact that grdnts have made to the success of the
school and its pupils.
The following grants were made during the year:
James Hatful
John Roan Exhibition
Travel to Braithwaite
Braithwaite
Basketball Academy
Charlton Athletic
Cultural Enrichment
Debatemate
LIYSF
Minibus (running costs)
Minibus replacement
500
6,000
10,000
3,500
12,000
5,500
5284
2.150
2,395
15,000
35,460
Ll
Music instnunent Repairs
Music Icssons
Hardship Fund
Subject prizes
Foundels Day
Founder's Day Filming
Maze Hill Garden5
Ad Hoc Grants
Music Administration
History books
Previous year ad hoc applications
Previously committed grants cancelled
5.000
92.610
.307
2,000
3.000
3.000
5,650
10,379
5,000
4,800
1,279
(27.029)
Totsl
211785

THE JOHN ROAN FOUNDATION
TRUSTEE'S ANIYUAL REPORT (confinued)
YEAR ENDED 31 AUGUST 2024
Financi21 review
The chartty derives most of its income from rent receÈvable from investment properties and inveslment income.
During the year there was an increase in investment income from £475.47] in 2023 to £520,026 in 2024.
The principal areas of expenditure w¢Te: _
Granls and donations to the John Roan School.
Estate repairs - maintenance of the investhient prnperties.
Administration and Finance- 0￿ratIng expenses and fees.
At the end of the reporting period the charity had cash resources of £372.816.
Grants
The objectives of the charity are set out on page 5. Grants to the school and individuals are considered by the
Trustees on the basis of need and fulfilment of these charitable objectives. There is no upper limit of supporL
This is also the case for any grants to external organisattons.
Investment Poliey
The investments held by the Trust have been acquired in accordance with the powers available to the Trustees as
specified within the Trust Deed. The long-terni objective in managing the portfolio is to m￿lMise the overall
rate of return insofar as this is consistent with maintaining a prudent and balanced investment exposure. whilst in
the short-terni giving regard to the Trusvs cash requirements from time to tirne.
Reserves Policy
The balance sheet shows total reserves of £20.199256. Of thi5 £19,826,167 is represented by the value of assets
(both properties and securities) of the Foundation. Under the Trust Deed any proceeds from rApital disposals
are required to be reinvested. Of the total fimds, £373,089 represents a general reserve representing the surplus
unrestricted accumulated income of the Foundation. Of this, £61.587 has b¢¢n d¢signated for ￿tUre intentions
and there are "free reserves" of £311,502.
The John Roan Foundation has a policy of maintaining unrestricted reserves within the range of a minimum of 3
months, to a maximum of 12 months of averdge expenditure. Where the reserves fall outside this rdnge, then a
strategy will be forniulated by the Board to bring them back into line- CUTrently reserve5 fall within this range.
Plans for future period5
The Trustees aim to maximise the income of the Charity to enable them to continue to provide the level of
assistance currently in place and where possible increase the assistance.
The Charity aims to refurbish their properties as the need arises in order to maintain a good level of
accommodafion and therefore ensure tnaximum rental income.

THE JOHN ROAN FOUNDATION
TRUSTEE'S ANNUAL REPORT (coniinued)
YEAR ENDED 31 AUGUST 2024
Trustee's responsibilities statement
The charity Trust¢es are responsible for preparing a Trustees, annual report and financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted Accounting Pra¢tic¢).
The law applicable to charities in England and Wales requires the charity Trustees to prepare financial
statements for each year which giv¢ a true and fair view of the state of affairs of the charity and of the incoming
resources and application of resources. of the charity for that period. In Preparing the financial statements, the
Trustees are required to..
select suitable accounting policies and then apply them consistently:
observe the methods and principles in the Charities Statement of Recommended Practice("SORP")'
make judgments and estimates that are reasonable and prudent.
state whether applicable accounting standards and ststements of recommended practice have been
followed. subject lo any material departures disclosed and explained in the financial siatements. and
prepare the financial statements on the going ￿nCern basis unless it is inappropriate to presume that
the charity will continue in operation.
The Trustees are responsible for keeping proper accounting records that disclose with re&sonable accuracy at any
time the financial position of the charity and to enable them lo ensure that the fmancial statements comply with
the Charities Act 201 I, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the
Trust deed. They are also responsible for safeguarding th¢ &S5¢ts of th¢ charity and taking reasonabl¢ $t¢ps for
the prevention and detection of fraud and other irregularities.
The Trustees are responsible for the maintenance and integrity of the charity and financial infonnation included
on the charity's website in accordance with legislation in the United Kingdom governing the preparation and
di55emination of financial statements.
The Trustee's annual report was approved on 18 March 2025 and signed on behalf of the board of Tnlstees by:
L Ne150n
Co-opted Trustee
C Strong
Co-opted Trustee

THE JOHN ROAN FOUNDATION
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE JOHN ROAN FOUNDATION
YEAR ENDED 31 AUGUST 2024
Opinion
We have audited the financial statern¢nts of The Jolm Roan Foundation (the 'charity') for the year ended
31 August 2024 which comprise the statement of financial activities. ststement of financial position and the
related notes, including a summary of significant accounting policies. The fmancial 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 August 2024 and of its incoming
resources and application of resource5. including its income and expenditure, for the year then ended.
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) USAS (UK)) and
applicable law. Our responsibilities under those standards are fiffther described in the auditovs 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 ethlcal responsibilities in accordance with these
requirernents. We believe that the audit evidence we have obtained is suificient and appropriate to provide a
basis for our opinion.
Conclusions relating to going eoncern
In auditing the financial statements, we have concluded that the Trustee's use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have perfornied. we have not identified any material uncertainties relating to events or
ondition5 that, individually or collectively, may cast significant doubt on the charity's ability to continue as a
going concern for a period of at le&st twelve months from when the fmancial statements are authorised for issue.
Our responsibilities and the responsibilities of the Tn￿tee with respect to going concern are described in the
relevant sections of this reporL

THE JOHN ROAN FOUNDATION
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE JOHN ROAN FOUNDATION
(continued)
YEAR ENDED 31 AUGUST 2024
Other infomation
The other inforniation comprises the infonnation included in the annual report, other than the fmancial
statements and our auditor's report thereon. The Trnstee is responsible for the other inforniation. Our opinion on
the financial statements does not cover the other inforniation and, except to the extent otherwise explicitly stated
in our repoit we do not express any forn] of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other inforniation and, in
doing so, consider whether the other inforn]ation is materially inconsistent with the fmancial statements, or our
knowled8e obtained in the audit or otherwise appears to be materially misstated. If we identify such material
inconsistencie5 or apparent material misstatements. we are required to deterniine whether there 15 a material
misstatement in the financial statements or a material misslatement of the other infonnation. If, based on the
work we have performed, we conclude that there is a material misstatement of this other infonnation. we are
required to report that fact.
We have nothing to report in this regard.
Matters on which we are requlred to report by exception
In the light of the knowledge and understanding of the charity and its environment obtained in the course of the
audiL we have not identified material misstatements in the Tnth's report.
We have nothing to report in respect of the following matters in relation to which the Charities Act 2011 requires
us to report to you if. in our opinion:
the infornation siven in the Trustse's report is inconsistent in any material respect with the fmancial
statements. or
adequate accounting records have not been kept: or
the fmanclal statements are not in agreement with the accounting records and returns. or
we have not received all the inforniation and explanations we require for our audit.
Responsibilities of the trustee
As explained more fully in the Tntr's responsibilities statemenL the Trustee is responsible for the prepardtion
of the financial statements and for being satisfied that they give a true and fair view, and for such internal control
as the Trnstee d¢tem)ines is necessary to enable the preparation of financial 5tat¢m¢nts that are fr¢e from
material mi5statemenL whether due to fraud or em)r.
In preparing the fmancial statements, the Trustee is 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 Trustee either intends to liquidate the charity or to cease operations, or has no realistic
alternative but to do so.
io-

THE JOHN ROAN FOUNDATION
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE JOHN ROAN FOUNDATION
feonlinued)
YEAR ENDED 31 AUGUST 2024
Audltor's responsibilities for the audit of the financial statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with
the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable a5surdnce about whether the fmancial statements as a whole are free
from material misstatemenL whether due to frdud or e￿Or, and to issue an auditoes report that include5 our
opinion. Reasonable assurance is a high level of assurdnce, but is not a guardntee that an audit conducted in
accordance with ISAS (UK) will always detect a material misstatement when it exists. Misststements can arise
from fraud or error and are considered material if, individuaIly or in the aggregate, they could reasonably be
expected to influence the economic decisions of users taken on the b&sis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design pro¢¢dures
in line with our responsibilities, outlined above, to detect material misstatetnents in respect of irregularities,
including fraud. The extent to which our pnKedures ar¢ Capable of detecting i￿¢gUlarItieS, including fraud is
detsiled below:
We identify and assess the key risk are&s of matrrial misstatement and then design and perform audit procedures
in relation to those risks.
Materiality has been calculated based OD the average of the income and gross assets and has been assessed at a
level of £9,000
The key risk areas were considered to be valuation of f￿ed assets and Investments. The appropriate audit
approach was considered and applied to these area5.
We perfornied analytical procedures to identify any unusual or unexpected ratios or variances that may indicate
risks of material misststement due to fraud.
We reviewed the f￿anCIal statement dis¢losures and assessed compliance with the following r¢levant laws and
regulations.
Charities Act 2011.
Data Protection Act 2018.
Trregularities which result from fraud are inherently more difficult to detect than l￿egUlarltieS which result from
error, however, there have never been any instances of fraud ¢ncounlered with the company and there are
controls in place through the segregation of duties and regular reviews of management accounts which reduce
the risk of fraud through management override.
All audit team members were made aware of the relevant laws & regulations applicable to the company together
with potential fraud risks and remained alert to any indications of frdud non-compliance with the laws &
regulations throughout the audit.

THE JOHN ROAN FOUNDATION
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE JOHN ROAN FOUNDATION
(contsnyedj
YEAR ENDED 31 AUGUST 2024
Use of our report
This report is made solely to the charity's member5, as a Ix)dy, in accordance with section 144 of the Charities
Act 201 l and regulations made under section 154 of that Act. Our audit work has been undertaken so that we
might state to the charity's members those matters we are required to state to them in an auditorfs report and for
no other purpose. To the fullest extent perniitted by law. we do not accept or assume responsibility to anyone
other than the charity and the charity's members as a body. for our audit worK for this report, or for the opinions
we have forn)ed.
Opass Billings Wilson & Honey LLP
Chartered Certified Accountants & statutory auditor
Numeric House
98 Station Road
Sidcup
Kent
DA15 7BY
18 March 2025
Opass Billings Wilson & Honey LLP is eligible for appoinlment as auditor of the charity by the virtue of its
eligibility for appointment as auditor und¢r s¢ction 1212 of the Companies Act 2006.
12-

THE JOHN ROAN FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 AUGUST 2024
2024
Restricted
nds Total funds
2023
Unrestricted
funds
Total funds
Note
Income and endowments
Charitable activities
Investment income
64
520,026
64
520,026
475.471
Total income
520.090
520,090
475,471
Expenditure
Expenditure on raising funds:
Investment management costs
Expenditure on charitable activities
Total expenditure
163,421
234,203
1,105
164,526
234,203
223.414
198,209
397,624
1,105
398,729
42J,623
Net gainsl(losses) on investtnents
982,868
982,868
(21.252)
Net income and net movement in funds
122,466
981,763
1.104,229
32.596
Reconciliation of funds
Total funds brought forward
Totsl funds carried forward
250.623
18.844,404
19,095,027
19,062,431
373,089
19.826,167
20,199356
19,095.027
The statetnent of fmancial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The not&¥ on P2Ees 15 to 23 form part of these financial statements.
13-

THE JOHN ROAN FOUNDATION
STA TEMENT OF FINANCIAL POSITION
31 AUGUST 2024
2024
2023
Note
Fixed assets
Investments
12
19,826,167
18.844.404
Currenl assets
Debtors
Cash al bank and in hand
13
8,523
372,816
111,333
250, 190
381J39
361,523
Creditors: amounts falling due within one year
Net current assets
14
8350
110,900
373,089
250,023
Total assets less current liabilities
20.199256
19,095.027
Net assets
20,199356
19.095,027
Funds of the charity
Restricted fund5
Unrestricted funds
19.826,167
373,089
18.844.404
250,623
Total charity funds
Is
20,199,256
19,095,027
These financial stalements were approved by th¢ IK)ard of Trustees and authorised for issue on 18 March 2025
and are signed on behalf of the board by:
L Nelson
Co-opted Trustee
C Strong
Co-opted Trustee
The notes on pages IS to 23 form part of these fingn¢ial statements.
14-

THE JOHN ROAN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2024
General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorpordted.
The address of the principal oifice is The John Roan School. Maze Hill, London, SE3 7UD.
Statement of complianee
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting
Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice
applTcabl¢ to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charitie5 Act
2011.
Aecounting policies
Basis of preparatlon
The financial stafrments have been prepared on the historical cost basis, as modified by the revaluation of
ertain financial assets and liabilities and investment propertie5 me&sured at fair value through income or
expenditure.
The fmancial stalements are prepared in sterling, which is the functional currency of the entity.
Going eoneern
It is the opinion of the Trustees that the use of the going concern basis of accounting is appropriate
because:
there are no material uncertainties relating to events or conditions that may Cast significant doubt
about the ability of the charity to continue a going ¢oncem:
there is re&sonable expectation that the charity has adequat¢ resources to continue in operational
existence for the foreseeable future.
Allocation of support and gov¢rngn¢e costs
Support costs have been differentiated between governance costs and other support coals. Governance
costs comprise all costs involving the public accountsbility of the charity and its compliance with
regulation and good practice. These Costs include ￿sts related to statutory audit and legal fees together
with an app)rtionmeDt of overhead and support costs relating to Board meetin8S.
Governance costs and support costs relating to charitable activities have been apportioned appropriafrly.
The allocation of support and governance costs Is analysed in the notes.
Is-

THE JOHN ROAN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (e(•nlinue
YEAR ENDED 31 AUGUST 2024
Accounting policies (cortinuedj
Cost of generating funds
The costs of generdting funds consist of investment management and Certain legal fees.
Charitable actlvities
The ¢xpenditure on charÉtable activities includes grants made. governance ¢osts and an apportionment of
support costs as shown in the notes.
Judgements and key sources of estimation uncertainty
Estimates and Judgements are continually evaluated and are based on historical experience and other
factors. including expe¢tstions of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted income funds comprise those funds which the Trttstees are free to use for any purpose in
furtherance of the charitable objects. Unrestricted funds include designated funds where the Tnlstees, at
their discretion, have created s fund for a specific purpose.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the
donor or trust deed. There is a single restricted fund, the Capital Fund, which represents money held as
pernlanent endowments whereby the income can be applied for general purposes but net proceeds arising
from the sale of the funds arising must be reinvested within the fund.
Further details of each fund are disclosed in the notes.
Incoming re50urce5
All income is recogni5ed once the charity has entitlement to the income. there is sufficient certainty of
recelpt and so it is probable that the income will be receiv￿, and the amount of income rrfeivable can be
measured reliably.
Donations are recognised when they have been communicaled as received in writing with notification of
both the amount and settlement dat& In the event that a donation is subject to conditions that require a
level of perforniance before the charity is entitled to the funds. the income is deferred and not Tecognised
until either those conditions are fully met, or the fulfiknent of those conditions is wholly within the control
of the charity and it is probable that those conditions will be fulfilled in the reporting period.
Rental income is recognised on a straight-line basi5 as per the ternis of rental agreements.
Interest on funds held on deposit is included upon notification of the interest paid or payable by the Bank.
Dividends are recognised once the dividend has been declared. and notification has been received of the
dividend due. This is no￿allY upon notification by our investment advisor of the dividend yield of the
investment portfolio.
16-

THE JOHN ROAN FOUNDATION
NOTES TO THE FINANCIAL STATEMEKfs (conlinued)
YEAR ENDED 31 AUGUST 2024
Accounting policies fconhnued)
Resources expended
Liabilities are recognised as expenditure &8 soon as there is a legal or constructive obligation committing
the charity to that expenditure, it is probable that s¢ttl¢ment will be required. and the amount of the
obligation can be measured reliably.
All expenditure is accounted for on an accruals basis. All expense5, including support costs and
governance costs, are allocated or apportioned to the applicable expenditure headings in the statement of
financial activities. For more Inforniation on this allocation refer to the note below.
Grants payable are payments made to third parties in the furtherance of the charitable objects of the
Foundation. In the case of an unconditional grant offer this is accrued once the recipient has been notified
of the grant award. The notification gives the recipient reasonable expectation that they will receive the one
year or multi-year grant. Grants awards that are subject to the recipient fulfilling performance conditions
are only accrued when the recipient has been notified of the grant and any remaining unfulfilled conditions
attaching to that grdnt are outside of the control of the Foundation.
Investments
Investments are initially recognised at their transaction value and subsequently measured at their market
value as at the balance sheet date using the Closing quoted market price. The statement of fmancial
activities includes the net gains and losses arising on revaluation and disposals throughout the year.
The Foundation does not acquir¢. or use put options, derivatives or other complex fmoncial instruments.
Investment property
Investment properties are included on the balance sheet at either their market value or at a Trustee5
valuation. Realisedlunrealised gains are taken to the statement of fllwicial activities in the year in which
they arise.
Reserves
The regular, unrestricted income is sutricient to cover the day to day running of the charity.
The agreed reserve policy for 2024 was to have available a minimum of 3 months expenditure in
unrestricted funds. Based on the risk profile of the Income end expenditure, this deemed an
appropriate *nJount to cover any sudden in¢reas¢s in ¢xp¢ndxtur¢ or de¢reases in incom¢.
Any unrestricted funds held over and above this are regularly monitored with the intention of using them to
forward the charity's objectives.
The reserve policy is regularly assessed by the Tn￿e¢S for appropriateness.
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
17-

THE JOHN ROAN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (eonlinued)
YEAR ENDED 31 AUGUST 2024
Accounting polieies (¢ontinued)
Cash at bank and in hand
Cash at bank and in hand includes cash and short terni highly liquid inveslments with a short maturity of
three months or less from the date of acquisition.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual
artangernent as fmancial assets or fmancial liabilities, The charity only has fmancial assets and liabilities of
a kind that qualify as basic financial instruments.
Basic fmancial instnllnents are initially recognised at transaction value. They are subsequently measured at
amortised cost using the effective interest metho4 except where the effect of discounting would be
immaterial, in which case they are stated at cost (less in)painn¢nt where appropriate).
Creditors
Creditors and provisions aTe recognised where the charity has a present obligation resuhing from a past
event that will probably result in the trdnsfer of funds to a third paty and the amount due to settle the
obligation can be measured or estimated reliabty. Creditors and provisions are nomially recognised at
transaction value. They are Subsequently measured at amortised cost using the effective interest tnetho
except where th¢ effect of discounting would be immaterial. tn such c&ses creditors are ststed at the
transaction value.
Funds
The general fund comprises those monie4 which may be used to rne¢t charitable objectives at the
discretion of the Trustees. Designated funds are rnonies set aside out of general fund and designated for
specific Purposes by the Trustees. Capital funds represents money held as pernianent endowments whereby
the income can be applied for general putposes but net proceeds arising from the sale of the funds arising
must be reinvested within the fund.
Charitable aetivities
Unrestricted Total Funds
Funds
2024
Unrestricted Total Funds
Funds
2023
Sale of books
64
64
18-

THE JOHN ROAN FOUNDATION
NOTES TO THE FINANCIAL STATEMEwfs (eL•Rtin¥ed)
YEAR ENDED 31 AUGUST 2024
Investment income
Unrestricted Total Funds
Funds
2024
Unrestricted Totsl Funds
Funds
2023
Income from investment properties
Income from listed investments
Building society interest r¢c¢ivable
515225
515225
161
4,640
472,415
119
2,937
472,415
119
2,937
4,640
520,026
520,026
475,471
475.471
Investment management costs
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Portfolio management
Property management fees
Estate maintenance costs
Finance officer and clerk's costs
Architect fees
1,105
1,105
51,033
112J88
51,033
112,388
163,421
1,105
164,526
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Portfolio management
Property management fees
Estate maintenance costs
Finance officer and clerk's costs
Architect fee5
1,032
1.032
46.430
162,410
4,542
9.000
46,430
162.410
4,542
9,000
222,382
1,032
223,414
Expenditure on ehgritable activities by fund type
Unrestrtcted Total Funds
Funds
2024
Unrestricted Total Funds
Funds
2023
Playing field expenditure
Grdnts to School
Support costs
250
211.785
22,168
250
211,785
22,168
16,179
169.828
12,202
16,179
169,828
12,202
234203
234203
198,209
198.209
19-

THE JOHN ROAN FOUNDATION
NOTES TO THE FINANCIAL STATEMEIYTS (ct>nllnuedJ
YEAR ENDED 31 AUGUST 2024
Expenditure on charitable activitie5 by activity type
Activities
undertaken
directly Support costs
Total funds
2024
Total fund
2023
Playing field expenditure
Grants to school
Legal fees
Finance officer and clerk's cost
Generdl expenses
Insurdnce costs
Audit fee
Accountancy
250
211,785
250
211,785
2,645
11,074
685
889
5,400
1,475
16,179
J69,828
300
4,543
604
405
5, 000
1,350
2,645
11.074
685
889
5,400
1,475
212.035
22,168
234,203
198.209
Net galnsl(losses) on investments
Restricted Tolal Funds
Funds
2024
Restricted Total Funds
Funds
2023
Unrealised Gains/(losses) on investment
property
Unrealtsed Gains/(losses) on listed
investments
Realtsed Gainsl(losses) on listed
investment
916,156
916,156
(27.595)
(27,595)
66.671
66.671
6,064
6.1J64
41
41
279
279
982,868
982,868
(21252)
(21.252)
10. Staff eosts
The average head count of employees during the year w&s Nil (2023: Nil)
I l. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by
the Trustees
-20-

THE JOHN ROAN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 AUGUST 2024
12. Investments
Cash or cash
equivalents
Listed
investhients
Investment
properties
Total
Cost or valuation
At I September 2023
Additions
Disposa15
Fair value movements
438
1,145
(1.105)
547,349
18.296.617
1&844,404
1,145
(2,209)
982,827
(1,104)
66.671
916,156
19212,773
AÉ 31 August 2024
Impairment
At I September 2023 and
31 August 2024
478
612,916
19,826,167
Carrying amount
At 31 August 2024
At 31 August 2023
478
612,916
19,212,773
19,826,167
438
547.349
18,296,617
18.844,404
All investments shown above are held at valuation.
Investment properties
The freehold land and buildxngs were valued by Winkworth Estate UK Letting Agents in April 2018 at
investment value subject to existing ienan¢ies amounting to £15,310,000. The Trustees have updated the
valuation based on their best estimate of the market value at 31 August 2024. The value Includes the
estate properties but does not include the Roan School premises and playing Fields at Maze Hill, London
SE10. The historical cost of the properties w&$ £1,026.250.
Financial assets held at fair v21u¢
The cost of listed investments was £207,148
Investments ate all listed in the United Kingdom (except where stated) and are traded on a recognised
stock exchange.
13. Debtors
2024
2023
Trdde debtors
Prepayments and accrued income
8J40
183
110.733
600
8,523
111,333
-21-

THE JOHN ROAN FOUNDATION
NOTES TO THE FINANCIAL STATEMEiYfs (eonttnued)
YEAR ENDED 31 AUGUST 2024
14. Creditors: amounts falling due within one year
2024
2023
Trade creditors
Accruals and deferred income
76,382
34.518
8250
8250
110.900
15. Analysis of charitable funds
Unrestricted funds
At
I September
2023
At
31 August
2024
Gains and
losses
Income
Expenditure
General funds
Changing room
refurbishment
189,036
520.090
(397,624)
311,502
61,587
61,587
250,623
520,090
(397,624)
373,089
At
I September
2022
At
31 August
2023
Gains and
105ses
tno)me Expenditure
General funds
Changing room
refurbishment
134,156
475,471
{420.591)
189.036
61,587
61,587
195.743
475.471
{420,591)
250.623
General fund
Thi5 fund represents the surplus unrestricted accumulated income of the Foundation.
Changing room refurbishment
The Trustees are aware that the changing rooms at the playing fields require major refurbishment and
intend to invest in the area.
-22-

THE JOHN ROAN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (a•Ndu¥e4)
YEAR ENDED 31 AUGUST 2024
15. Analysis of charitsble funds (¢ORliRued)
Restricted funds
At
I September
2023
At
31 August
2024
Gains and
losses
tncome Expenditure
Capital fimd
18,844,404
(1,105)
982,868
19,826,167
At
I September
2022
At
31 August
2023
Gains and
losses
tncorne Expenditure
Capital fund
18,866,688
(1,032)
(21,252) 18.844,404
This fund represents the value of investments Iboth properties and securities) of the Foundation. Cleared
sale proceeds of investments are required to be reinvested under the Charity Commission Scheme dated 19
June 1998.
16. Analysis of net assets between funds
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Investments
cU￿ent a55ets
Creditors less than l year
Net assets
19.826.167
19,826,167
381,339
{8,250)
381.339
(8250)
373,089
19,826,167
20,199,256
Unr¢strict¢d
Funds
Restricted Total Funds
Funds
2023
Investments
CU￿ent assets
Creditors less than l year
Net a55ets
18,844.404
18,844.404
361,523
(110,900)
19,095,027
361,523
(110,900)
250,623
18.844.404
17. Related parties
There were no transactions with related parties during the reporting period.
23-