THE ROWLEY TRUST TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Rogisterod Charlty Number 508630 HOWARDS LIMITED CHARTERED CERTIFIED ACCOUNTANTS NEVVPORT HOUSE NEWPORT ROAD STAFFQRD ST16 1DA THE ROWLEY TRUST A REGISTERED CHARITY {NUMBER: 508630) TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 CONTEN'rs Page Chartly Information Trusl06s Report Indep8nd8nt Examin8r8 Report St81ement of Financial Activities Statement of Financial Position Notos lo the Accounts 9-12 THE ROWLEY TRUST A REGISTERED CHARITY (NUMBER: 508630 CHARITY INFORMATION Trusteeg: Mrs E Armstrong (Chairman) Mrs R Plggott (Vlce Chalrmanl Mrs J Broad- Reslgn6d 09/D812023 Mrs S Cl@ws Mrs J Kelt Mr R Cooke Mr M Winkle Mrs S Whiting Mr8 J Creswell Dr J Malekodumni- Appoiiptgd 09/0SeU23 Mrs J Blagg - Appolntgd 22/09/2023 Clèrk to the TruBtees" Ir J Langford Charlty Number.. 5U8630 Address r>t' Charity.. 16 BrUn8￿ck Terrace SIFJfforL ST16 1BB Indopond•nl Lxamlner.. Mrs R L Wilson Howards LimFied Chartered Certified Accountants Newport House Newport Road Slafford ST16 1DA Sollcllors: NIMell Meller 718 St. Mary's Grove Stafford ST16 2AT Bankers.. Lloyds Bank PLC 5 Market Squaro Stafford ST16 2JL Invèstmont Advl$er$: CCLA Investment Managoment Limited 1 Angel Lano London EC4R 3AB THE ROWLEYTRUST A REGISTERED CHARITY (NUMBER. 508630) REPORT OF THE TRUSTEES FOR THI YEAR ENDED 31 MARCH 2024 Reforencé and Admlnlstratlvfj Informatlon The Trustees present Ihelr report and the unaudilad Flnanclal Slatementy of the Charity for the year ended 31 March 2024. Th& Twstses have adopted the provisions of tha Statement of Recommended Practice ISORPI "Accounting and Reporting by Charities" {FRS 102) in prèparing the annual roport at)d the Flnanclal Slalements of the Charity. The Finan￿￿1 Statemenls have beèn prepared In accordance with the ac¢ountlng policies s8t out in Ihe notos to the accounts and comply Nth the Charity's governing docum6nt, thè CharitlO8 Act 2011 and A6counting and Reporting by Charitl8s-. Statemenl of Recommended Practice applicable lo Charities preparing th&ir acrnunts in accordance with tha Finan¢ia5 Rèporting Standard appliGable in the UK and Republic of Ireland (FRS 102) {effeLtive January 2019) Chcirfti88 SORP {FRS 102> and the Finan￿81 Reporting Standard applicable in th& UK and Rèpublic of Ireland (FRS 102}. Reglstsred OffiGe 16 Brunswittk Terr8ca St8fford ST1618B Trustèès Tha Trustees Df th8 Charlty Ilsled below are ils Trustees for Ihe purpose of the charity law and throughDUt this report ar8 colloctlvely reforrad lo as th8 Trust86S. Trugtoes E Armstrong R Plggoll J Broad - Rosigned 09/06/2023 S Clews J Keli R Cooke M Winkle S Whiling J Creswell J Majekodumni- Appolnlod Q9/06/2Q23 J Blgog- Appolntod 22/09/2023 Chairman E Armstrong Clerk J Langford Accountants Howards Limlted Chartered Certified A¢counlants Nwport Hou50 Newport Road Stafford ST16 1DA Bankors Lluyds Bank PLC Markel Square St8fford ST16 2JL THE ROWLEY TRusr A REGISTERED CHARITY (NUMBER.. 5D8630) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Objectlves and Activities In selling our objectives the Trustees have given careful consideration to the Charlty Commlssions general guidanc8 on public benefit. The m8ln purpose of The RO￿0Y Trust is to apply th8 income of the Charity for th8 benofit of women and girls in ona or more of the following ways'.- In promotlng the rehabilitation of women and girfs who are in need of physical, m6ntal or moral care,. In rèliaving neèd, hardship or dlslross among women and glds., In promoting the education, inGluding sociol and physical training of women and girfs,. In promoting or a8SlSting in the provision of women and girls of faGililie8 for rocreation or other leisure time OCGupation in the interests of social woifare wilh the object of. improwng their conditions of life., In making grants or donations to Gharilable instilulions or organlsations havlng for their object the b8nefit of women and girls. Achl•vomgnt$ and P•rform2nce The Rowl&y Trust made numerous financi81 gran18 during the year lo organi88tions representing the objectives of Ihe Trust and individuals meeting the relgv4qnl cril'eria, A full brL4akdown of rgripienls and the amounts of the individual gran￿ made are detailed in the appending schedule5. Struclure, Governance and Mdnagement All Trustees givts their lima fre81y and no Trust6e remuneration wa¥ paid during the year. Trustees Th8 Trusteas named on page% 1 and 2 have served during the year. Appointment of Trustees is g)verned by the Trust Deed of Ihe Charity. 'rrustee Yralnlng New Trustees ar8 induc18d inlo the worklngg of thè Trust and tho rosponslbilltlos of cha￿tY Trustees generally by dls¢ussion wllh extsting Truste8s. InveBtment Power¥ The Trust Dep,d aulhorises the Trustees to make and hold investments. Rlsk Assessment The Trusl8(as k6ep the activities of thè Trust under r6vièw partlcularly with regard to any major risks which may arise from tim6-1o-limè, Procedures are In place lo monitor and control those risks lo mitigate any impact those risks may have on the Trust in the fLrture. This includes insurance cuvEir where approprialg. The Trust's investment portfolio 15 rnanaged by CCLA Investment Management Limited who sp￿1311Se in managlng inveslmonts ft)r Chorit16s. Religious Or9anisations and the Public Sector. CCLA'S aim is lo deliver slrong long term returns and have unmatched experience in providing ethical and r*)sponslbl8 investments for Lharttles. Transactlons and Flnancial Posftlon The finè)ncial posltion ol Tho Rowley Trust is detailed in the appending financial schedules. THE ROWLEYTRUST A REGISTERED CHARITY {NUMBER. 508630) REPORT OF THE TRUSTEES FOFi THE YEAfi ENDED 31 hlARCH 2024 Flnanclal Rovlaw R8S6rves Policy The Trusteos have adopted a reseNe8 policy whlch allows only net generated incorne lo bo dlstrlbulod In the form of Grants,The capital of tho Trust is invested lo generate this income and any capital growth 18 reinvestod to further generate incDme. It is not a policy of tho Trusl'lo distribute capital. The res8Nes at 31sI March 2024 were £1,511,160 (2023.. £1,371,790). Trustses Rosponslbllltles In Ralatlon to the Flnanclal Statam¢nts The Truslees of The RO￿eY Trust ar8 r6sponsibl8 for preparing the Trusloes, Report and th6 Financial Statements in accordan￿ Nwth applicable law and United Kingdom Accounting SIAndards {Uniled Klngdom Generally Acceplad Accounting Practi￿), The Charities Commission requires Ihe Trustees to prepare Financial Statemenls for each fSnancl81 yoar which glve a true and fair view of the slate of affairs of the Charity and of tho incoming resources and application of resources, including the inc()m@ and expendtture of the Charfty for the year. In preparing these Financial Statements the Trustees are r@qulred'lo'. Select suitable accountlng pollclos and thèn apply them consistently., Observ8 the m8lhods and principle8 in the Charltlas SORP. Mak8 judgem8nts and estimates that are rea8onabl@ and prudent,, Slate whether appliGable UK AcGounting Standards havg been followed, 8ubj8cl tr) gny material departures disclosed and explained in the f'inancial 8tatem8nls', Prepdre the financial stat@ments on Ihe going conGern basis unless it is inappropriate to presume I'hat Ihe Charty ￿17 wntinue in operation. b) dl ThÉ) Trutslaes ar8 ro8ponsibl8 for malntainlng proper accounllng records which disclose with reasonable accuracy, at any time, the flnanclal posltlon of tho Charity and onablgs tham to ensure th1¢ t Ihp. Flnanclal Slalemenls comply with the Charities Act 2011, th8 Charity (Accounts and Reports} Regulations 2008 and the provislons of the Trust deed. The Trustees are also re.spon8ibl8 for saf8guarding th@ assets of the Charlty and henG8 for taking reasonablè staps for the prevention and deteciion of fiaud and other i￿egularl11e8, Approved by the Trustees on and signed on Fts behalf by.. E Arm8trong- Chalrman and Trusts6 THE ROWLEYTRUST A REGISTERED CHARITY (NUMBER: 508630) REPORT OF THE TRUSTEES FOR THEYEAR ENDED 31 MARCH 2024 The Trustèes who have aclèd al any lime durlng the year are as frJllDw8.' ELIZABETH ARMSTRONG 3 Mllehous8 Lane, Wolstanton N6wcastl8 under Lymo, ST5 9JR ROSIE PIGGOTT Old Fox Br@wory, Mill Lane, Wet18y Rocks, Stoke on Trent, ST9 OBN JEAN BROAD 78 Drubbery Lane Blurton, Stoke-on-TTenl, ST3 4BL - R8signèd 09/06/2023 SUSAN CLEWS 141 SlallingLon Fioad. Blythe Brldge, Stoke On Yront, ST119P JUDITH KELT 19 The Avenue, Stone Staffs, ST15 8DG RALPH COOKE 15 Brunsv*nck Terraoo. Stafford ST1f) 1BB MICHAEL WINKLE 9 Arnblefleld Way, Parkside, Slafford. ST16 1SU SUSAN WHITING The Lodg8, Main Road, Little Haywood Slaffordshire, VoT18 OTS JANE CRESWELL Middle Meadow Housa, The Village, Endon. Stoke on Tr6nl, ST9 9EX JOY MAJEKODUMNI Gateways, Stoney l.ane, Endon, Staffordshir8 Moorlands, SE9 9BX - APp￿￿ted 99/0S/2023 JANE BLAGG 26 Trinity Drive, Stone, Staffordshire, ST15 8ET - App￿￿ted 22/09/2023 THE ROWLEY TRUST A REGISTERED CHARITY (NUMBER: 5086301 INDEPENDENT EXAMINER'S REPORT YO TFIE TRUSTEES OF THE ROWLEY TRUST FOR THE YEAR ENDED 31 MARCH 2024 I report lo the Charity Trustees on my 9xaminatlon Of th6 accounts of tho Charfly for the year ended 31 MarGh 2024 which are set out on pages 7 to 12. Rpspectlv6 Rospon8lbllltle8 of Trust¢os and Examlner The Charity's Trustees are r6sponsibl8 for the prÉyparation of the accounts. The Charity's Trustees consider that an audit is not require(1 for thls y&ar under sectlon 14412) of the Charlti@s Acl 2011 {the 2011 Acll and Ihat an indopendenl examination is needed. Having salisfled Myself that the Charity is not sublocl to an audit under the ChartiiÈs Act and Is ellglble for Independent examinallon, It Is my responsibility to.. al Examine the accounts under seotion 145 of the 2011 Act., bl Follow th& procedures laid down In Ihe general directions given by Ihe Charities Commission under s9cllon 145151(b) of lh6 A¢t,- and c) Stat& whether particular mattars have comp. lo my attention, Basls of Independènt Examiner's Statement My examlnatlon was Garried out in a¢¢ordance with ggn8fdl direction8 glven by th8 Charities Commisslon. An examlnation includ8s a ravlew of the aGGounting recurds kept by th(4 Charity and 8 rK)mparlson of th& accounts presented wT'I'h Ihos& raGords. It also Includes consideralion of any unusual items nr ili8closur68 In the accounts, and seeking 8xplanalion8 from you as TNstees ￿)nCernIng an(1 suL'h matters, The procedures undortaken do not provlde all th8 ovidence thal would be requlred in an audit, and tx)nse.quently no opinion is given as lo whether the account8 presenl a truè and fair Vio￿ aiid thè rèport is limit@d to those matters set out in the statement below. Independent Examiner's Statement In connection wth my examination, no matter has come to my attention.. i) thich giv88 me reasonable ￿use to beliove thal, in any maloridl r&8pecI, Ihe reqUI￿.￿onI8: al To keep accountlng records in accordance with seclion 13CI of the Charities Act, and bl To preparo abcounts which ac¢ord with the accounting records, comply wil'h th@ accounting requirem&nts and with the methods and principles ol I'he Statement of Roox)mmended Praclic8'. Accounting and RerK)rtlng by Charities have not been met- or 11> lo which, in my opinion. attention should be drawn In order to enable a proper undÉirstanding of the aocounls to be reached. Rachael Wll$on FCCA Independent Examlnor Howards Ghartered Cerllfl@d Accountants Newport House Newport Road Slafford ST16'1DA Dat8.. THE ROWLEYTRUST A REGISTERED CHARITY (NUMBER.. 508630) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 Note Unrestrict¥d Funds 2024 Unrostricted Funds 2023 INCOME FROM: Invèstménts COIF Charily Fund Income 41,335 41,335 Total In¢ome 41,335 41,335 EXPENDITURE ON: Charitable Activities 2&3 42,342 39,272 Tol'al Expenditurg 42,342 39,272 Net Income l {Expendlture) and Net Movement In Funds Before Galn I (Loss) on Investménts 1,007 2,063 Gain l (Loss) on Investments., R&alis8d Unrealised 140,377 (70.332) Net Movement In Funds 139,370 68,269 Reconciliatlon of Funds.. Unrestricted funds brought fO￿ard at 1 April 2023 1,371,790 1,440.05g Unrestricted funds carried forward at 31 March 2024 1,511,160 1,.171,790 THE ROWLEYTRUST A REGISTERED CHARITY (NUMBER.. 508630 STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2024 Note 2024 2023 Flxed Assets Investments 1,492,630 1,352,253 Current As¥ots Lloyds Bank-. General Account Lloyds Bank- Small Claims Committee 13,894 11,836 14,588 12,149 25,730 26,737 1.518,360 1378.990 Llabllltles Cr8ditors falling due within one year 7,200 7,200 7.200 7.200 Total Net Assets 1 511 160 1371790 The Funds of the Charity: Unrestricted Funds: Capital Fund Income Fund 1,492,630 18.530 1,352,253 19,537 Total Charity Funds 1511 160 1,371,790 The Financial Statements were approved by the Trustees on.. by; and were signed on its behalf E Armstrong . Chairman J Laiigford- Clerk THE ROWLEY TRUST A REGISTERED CHARITY (NUMBER: 508630) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Ba81$ of Proparatlon and As¥essm8nt of Golng Con¢oYn The aC￿UnIS (Financial Statements) havo b66n pr8pared under thr4 hlslodcal o)sl convéntion with itèms reoognisod al cost or transaction value unless othotwsè stated in thè r6lavant nc)le{$) lo Ihos8 accounls. The Financial Statements have been prepared in accordance with the Slalèment of Recommended Praclice.. A¢eA)unllng and Reporting by Chariti6s preparing their accounts in tsccordanca with the Financial R8POrting Standard applicable in the UK and RepubliG of Ireland {FRS 1021 and the Finanoial Roportlng Standard appllcabl@ in thè Unit(3d Kingdom end Republlc of Ireland IFRS 1021 and the Charities Act 2011. Th8 Trust conslltutf)S 8 publlc bgn6fit èntity as definod by FRS 102. The Trustees conslder that th6rè ar8 no materlal uncertainties about thè Trust's abilty to continue as a going concem, In¢ome re¢ognttlon All income Is re(￿gnised once the Charity has entitlpmenl to the income, il is probablo that the incomg will b r6c6ived and tho amount of In(xJme recelvable can be measured reliably, Int8r@St on fund8 hald on doposil is included when rec@Ivable and the