Charity Reglstratlon No. 518951 Company Registration No. 02050597 IEngland and Wales) ROTUNDA LTD. COMPANY LIMITED BY GUARANTEE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 rotunda
ROTUNDA LTD. COMPANY LIMITED BY GUARANTEE LEGAL AND ADMINISTRATIVE INFORMATION Trustee8 Philip C&shen (Chair) Willlam Cmnnlty Philip Corfield cioria c¢IeY AThnelle Johnsc Paula McCaL Richard Meeuan Kellh Housley Howdrd Fbrning Paul Mu58 (Appoinled 20 Septembar 20211 Chl•f Exe¢utlvo Offlc•r Maxine En socretaryl Flnane• Managor Jayrn Ecdaston f.hArlty niimhor 518051 Company number 02050S97 Prlnelpal addr88• Rolund8 Colbge 109 Greal Mersey Slreel Livefpool Ilers6Wda LS 2PL Rogl•t•r•d offi¢• Rolunda Comeoè 109 Gt Mèrs8y Simi LiverpLX Mètssysldè LS 2PL Audltor BWM SU1 J.1 12 Tilhebam Strtèl Liverpc L2 2DT Bank•r8 Lloyds Bar 88-94 Chur¢h SIet Liverpo L13HD
ROTUNDA LTD. COMPANY LIMITED BY GUARANTEE CONTENTS Page Truslees, reF*)rt Slatemenl of Iru$tee8' respcwitAli1108 Independent audstorf8 reF4)rt 8-10 Siatèmèni of fina81 adl¥AIIès Balance sheet 13 Slatèmwt ol eagh flcth¥s 14 NO8 10 Ine flnawai staiemen¢8 iJ-Jo
ROTUNDA LTD. COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2022 Th8 Trustees pres8nl Iheir report and fiTr8ncial stalemenls for Ihe year ended 31 August 2022. Th8 finandal statements have been prepared in accordance wrth the acwJnllThJ polth set c4Jt In nole 1 to the financial statements and Compty with the thantys goveming document. the Ccffipanies Act 2006 and 'Accountino and ReDortinu by Charitiès: Statem1 ol Recc¥nmond6d Praclicti aDDlubla lo charitie5 DraD8rino their accounts in accordance bwlh the Finan(aal Rew1#YJ Slandard applicable in the UK and Republic ol Iland IFRS 1021 leffeclive l January 20191". Obl8¢tlvgs and a¢tlvltJe8 The main objects've ol the Charity 18 to 8dv8nco uCat by the development ol u88lul kn and ski118 b8néfillino adults and youno 8SD8uaI Ihos8 suiftsrèd 8r& sufforino disadvAnlagè and exdusion. The ganIsatIOn achl8ves Ihls through a number of SFCtfic cp8ralonal areas ¥thlth are d8iall6d b8h)w. Publlc 88neflt Thg TriiqtAAq hAVA Aik• rpoHrd tfi hy thrt fKmmithn In rtorkllno ArJlvlll•% th thérlly should und8rt8ka. A¢hl•v•m•nt• •nd p•rftsmi•n¢• Y818noth8r challenoing bul r8wardlng year. This yèar has tsrt8inly been 8V8nlful, wlh the ong(Mng issues of the pandemlc and aftermath ol Ihls, the turbunI polilical aren8 DaOnalty, 3 Prime Ministers In year, wlhoul 9•h•r414CtIoDP Th• p4$5ing ol au•wi Eliz¥th 11. our kn9•51 $•r rnonareh Yhd th9 ihiroduclion of lh9 now Klng, Charles 1118longldè th8 charYJes to monarchy thls brings. A14Yé locally the dlffleultS and challènges our city has laced has in¢reased as a resull of the laller. Yel despite all ol this, it's been an incredible year for Rotunda and w8 ar8 of our 8thV6m0nts and dolwJhtdd lo r8PQrt our $uce6ss6s, as w611 as shara som8 of the dlfflculllès we hbve 18ced along the way. The Trustaes would Ilke lo lom)alty acknoledge our staff and vohjnteers for Ihelr conllnued commllmènl, hard work and loyatty, as well as lor Ihwr resilience. drive and passion lo deliver a truly excepth)n81 semce to all ol our le8rn8rs and our community who chotsse to cLtinu to pul th8ir ITU51 in Rolvnda lo gain qu8lific8tions for 8 ba110r future or In accessing our enaMng services io help Ihem achieve a b811er lrfeslWelstandard ol lin9. We would also Ilke lo thank our stakeholders and partners for Ihe asslstance they gav8 us during thls tlm8 and In parti1r those organisations Ihat havè finandally s)rt*d wrwork.. Sleve Morgan Found8lit)n, Liverpool Clly Councll ILCCI, Ll¥¢rpwl Cily Re8lcAn ccMblrd Avthority ILCftI. Thlngs foundalhn, Jo Malone L¢{10n, Merseyslde Pby Action Councll, Llvertwl Vohjnlary and Communlty Se$ ILCVSI, Locality. Department lor Woth 8nd Pensk)n8. The Wornen'5 Org. Rt8d)iThJ Communthès. VCU. WE& Kèy Fund and P(ywer to Change. A speci81 thank you a130 lo tse organ811$ Ihat have freety given lime, krthvledge and help towards 8thi8w7ng our 8ims.' Hals811 Ltyl Architects, Kèir ConsInti, Ciwls, Cuba7interiors, MJS Joinery, Sigtna w8b d84on 8nd Liverpool City Rotary who suowrt8d the continued pro18ssion81 development ICPDI ol our slaff 188m and voluntaw8 88 8 rgsulLof their Unc0ndbtdl corhtritvjlions. spaaalist SUPPL¥t ar guKlanc8.
ROTUNDA LTD.
COMPANY LIMITED BY GUARANTEE
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
Rotunda's buslnèss devèlopmenl plans. and obhèdN trKimph8nty r8aliwl thls year wilh a div8
porfftjlln of contracted and (x)rnmlssk)n based work delivering 8ducation. trainirvj and employm8nt skills across
the LlverFK)ol City R8gion. Although wè were unsucc8sslul in gainirrfJ our PRIME contract for educallon th
LCR, such is our repjtatl that we have surLessfully gained several sub contrad5 leh enable us to conbnue
daliverlna our edUtIonal offer to oJr community al Ihe highest standard. We have inv8St8d ifi a new
Managemenl Information System. to help us beller collale our outcomes and ensure that the information quId
by our commissK)ners is readity available and easily accessible. Our Nursery provts1 and pre-school offer h8S
been extended to a 52 wEek Offer, allcwry us ¢0 offer our community hwJh qualily e8rfy ye8r'5 uCatIon,
SUPFX)rting working parents in the cc¥nmunity. In ord8r to xhve Ihis we W some rnalor 51aff changes In the
urnm8r and have virtually a new staff team in our Nursery. In times vthen il's difficult to recrurf sp8ci81isl Nursèry
practitioners il's 3 8181emenl to Rolunda's good n8m8 Ihal wè reuuiled suct8$sfully lo all available posts and
were aDie io op8n our (Joors L¥1 I" Swl¥iritwi wsli111 L1 bli111¥17 thid pai81its ilhoul delay and new
thlldren and parents were d81kJhted wth OUT new oif8r. The 16am have Selld well 8nd 8longsldè the
developm8nt of r81atbnshlps wth LCC profe556onals in earty year's eduGqtion we 11 go from strength to
strength. W$ hav8 a lot to eebbrate and a kjl to be thanklul lor givon tho Advorslty and ch8118ng8s we haw all
fAcéd and as always Rolunda's re1$ta is slroThJ8r in limgs of 8U51è1ity than at any other time in h8r hlstory.
Bulldlng r•novatlon
What can we say. the thallenges lo Ihe buildlng have been on gc4ngl How8vef, as draw lo a Cl¢ on the
renovation of our grade 11 listed bulldlro, a so Ihat the extem81180 Is aulhenllc, thanks lo thè
Llvèrpool Clty Reglon Combln¢d Authorlly Skllls Investmènt Fund and R¢8chlng Communltl•s who
agreed lo fund the r8novalion ol the 'envel¢Jpe' ol lh8 buikling bilh the aim of making il 's81e', 'warm' and 'dty.
giving us a naw rwf, new ndoWs, Staps and railing, all 'nging our much loved buiksing back il ils forrn8r 910ry.
The works commenced in January 2021 and we ara kxjking lor a compl81k da18 in March 2023. In May 2021,
our challenggs commanced when the top floor of tyjr buldinos were dgslroy8(J by watar damage and c8ilin95
coll8ps4
ROTUNDA LTD. COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2022 Early Years at Rotunda The Rotunda Nur58ry has gone from strènqlh lo slrgngth Ihis year. prowding childGgre and psChool educati lor 35 Chi8n. Our Nursery stsyed open for th8 whole year in h'ne Imlh Govemrnent gukl81ines. although cOd was still an issue and we dld see many ol Jr chiklren and staff team affe¢led by the eondilion. We are excited lor the year ahead and the ability lo supwl our pre-schcd chikjren and to supwrt more ¢hihYren and lamili 8cross North LlverpoL4, wilh a 52 week rvjtsery proVion. The challenges our 1 f8rnilies faco and In phrticur w(xn8n in our communlty, are be£irj more intense and 8mplifie(l it5 a Te5uIt of the C051 of LhAThJ Crfsls. Wom8n are rnore likely lo wc¥k in Ihe s9rvioe sector, on h)w incorne5 and often on casual or zero hour rA)ntrarAs little or no job serAJrity, thus the r¢se in enorgy and fo(yJ Osls has been difficult for them to manage and I'm sure 111 ¢xmtinu8 lo b8 so in tha corning months. Rotunda wlll oontinue to aupport our familKa in any way wo n. Enabllng Sorvlces Our DWP Womon's Hub has supwrtod 108 vw)m8n to gain S11&, rfidenc9 and a soeAal nehvork holplng thém lo achleva Incredible outcomgs induding. unIrSty ar. lob cyjtcomes for 22 ladi and a further 18 galnln voluntsry %rk and 38 Mo1¥j lfito furlher educathjn and tralnlng. th a mNe pc6lllve future lo Iot)k lorw8rd lo. Homewo Hub and Grub support•d by The Steve Morgan Foundatlon has b88n a fabultyjs new devolopment wlhin our cornmunity offer for young people. where we PmVKJe food. support th homework and more importanlw thè devekjpfflenl of tcM)Is and skllls thai will hetr) th thelr mental well-b8ing and resilienc•l Two leachers lead on Ihls Inltlativ8 and have ulslisad I5 spac8 io in weKtical tralnirvJ so5On8 lor our Levd 2 Teachlng Assistant course. Wolfare Hub- sadly our Dèbt Advl¢o and Guldane• has bgen 8¢ated b8c dua lo Lqck ol fundlng and contracts bèlng pullgd bath Into the publlc Sècknr. Flowpvef, ara sllll off8riNJ 8d¥ic8 to our leamers and Imm8di8te loc81 communlly on Issuès such as houslng, debt. and 8eee88ing benefrts Ihose pts0p who have never been I recelpt of them In lh8 pasi. We are prthjlng this sèr¥k• llh RAISE as r partnars and hokjlng weekly surgories at Rotunda. Coutt••llln$: We Gonllnuv to provlde our rAh)oellliw •¥. 1¥WKm ¥iwJ w¥ ¥iv ¥Y ruiumlng io face to lace coun$ellSng. It's greal Io See Peop acc&ng the building once again and utilising this beautiful spacè. Due lo the demand for this seNic¢, we have had io reslricl the offer lo Ihos8 peopb in our Immedialo eomrnunity and our 18èrn$rs lo gnsure Ihe wailing list do•sn'l get loo on8rou8. Thara has also been o markod incro88a of 37% in counselling requests Irorn women in th'ftiojll Situat5, Ih9se are from women not PT8wousty known in the system lor dom8slic violence, due lo the 50U81 restrictions orvJinally pted on them 8nd the ongolng Imp8cl of Job losses. reducAd Sncorne 8nd social r&4trlfAlnnq Antl #h diiA In IhA nmThlno nf th• DWP Worn•n'8 14ub onsite, where we are morè acesssiblel Grants.. Our largel ts new grant Incomè for 2022r2023 Is £150.0 to mt rAJr tsrgei and achlw8 SUSt8inabllily of our enabling semcé. Communlty Engagemen¢ from Septetnb8r 2021 _ August 2022." rts(d £22,000 from MPAC and HAF ensunng ihai lh8 chiioren In our communily had aclMls and access lo f(MxI during the school holidays. We prowded a lotal of 2,520 hot meals and 4,800 snaths and sandwthes for hThre. In addits'on, we wer8 able ¢0 dlslrfbule 150 harnr5 and rxaft packs lo families during thg school fv)INlays. to hèty) allaviale the addilional cost ol feeding Ghildren during schco)I holidays. L851 Chri51m85 we received 6(K) gffts arKF tOyE for children and young Peop aged O- 16 years oky, from Cash for Klds and dislribu18d th888 during Chiitsirnas week akiThJsh40 200 selection boxe5. $0 that every thlld and young person Involved with Rotunda had al least on8 W8senl and a box on Christmas rn(xnlng. Food Provlslon: We coniinuè lo Fde food $p)rt from our'RvJht Fed Shed, thank$ to tho generosity of Aldl Salop Street. There has been a sharp inrx8ase in requests for help with fcM)d and although we can help fill th8 irnmediale gap. we then reler lo f<x)dbanks. Sadty f{bankS a be(xxTring Ihe'nomi. in our communily for many Tadents and the only thing Ih8t1s ke8Fxng In It* oJpboards to feed thr thihjren.
ROTUNDA LTD. COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 Jo Malone London havè eontlnued to S[80r cwr w81HJ8iNJ gardan. Ws tn )vety to see the gard8n bèlng iJsRd hy s(5 many people again and l(x)kiNJ so knyjnderful. il is 819) woducing Iov81y fruil and vegetables for the homa cooked Iwd in th8 Cafe. Th8 Introduct ol Forest sej Un9 the Cornmunlty Garden has beer welcomed by our famil$ and each hdKlay sees a miThirnum 0140 thildren accessing the sessions. With thanks lo Greene Klnll and Th• Fr¢shfield pub in FLNmby. we have new ben¢h85 in the garden for Feople lo sil and enjoy a cup of coffee in peac8 and quiet listenlng to Ihe birds and waithing n8ughty squlrrel Bamey and his larnily 98lting up lo fflK%ch4011 Rotunda have always r8acted and suppc¥tsd the needs of OUT CANnmunlty. and we 11 contsnue lo do IhS5 as long a3 we have the r6sources ¢0 fa(ilital8 %that 15 neede(J. Never have we as a mrnunty sector needed lo come togelher more lo en8ur8 Ih8t Ihè deas making Icff our ¢ommunily m80ts tho needs localty and that ¢)ur communiiy nav8 a VCe1 F8mllles Lire uii¢Jer W¥Ul¥. p¥uyl¥ luvl Ui¥y Ii¥vv Iiu IIIV ibbUV$ t11 affeGI Ihern. Rotunda 11 conllnue to advocatg fw our community. strate01¢ P8rtn¢rshlps'. Our CEO has focussed on devekplng and malnt8lnhvJ key slr8teglc p8rfn8rshlps,' ktslty, fegkjnal and nallonaly, through this partnership working have and will rA)ntinue to gr¢)w Rolunda's offer lo meet Ihe ne8ds of local uyly, Iivw èjiid Iii Ilitr fului¥. Flvluii¢Jd i) IvwJi)i••d and a truslod partner and ad¥oGolv ol lh• aetlor aharing b8St practlcè and co4esignin9 service dellvery from the ground up. W9 are 8 kèy p8rtnar and stakeholder of the LIv8rpool City R8gion Combined AuthC'tieS Local Ski115 Ac(¥1 Plan, Soc4al Impad Action Pl8n 8nd our CEO slls on th¢ Soaal and Solidarity Economy Pano1 raspon81ble for shayng lh8 $tr8leui¢ ¢Jirodion of the LCRCA approach and third 8ector grwJag8m•nl and commissiIng. Wo •r r.tIvA mAmhArx nn IhA I C,1117An t51$ of 8 ortyjp of likemlnded people who care deeply 8bcAJl thé future of our o)rnmunities . twr haalth, safety. and Iwelih)ods - and are coneèrnad 8bout the IAtt th81 deprlvatbn, Isol&tlcffi and dl%Ask)n ar8 all rmmOn F4aco. Thls is an organl8aVon owned and led by a group of rMunIty groups who iogeiher, alm to bulld peotAe power In thalr local areas to creale rneaninglul change. organlslng and promollng communily partidpatlon to SUre a seal al the d8U5ion-making table. Rotunda 88 a part of Ihis group ara represen'ng our cornrnunily 8nd Iivlyliiy lu #i¥¥ui¥ Ill[ Llv¥iwul di¥ a(wJiilab10 to Ihelr ccKnmunilioJ and thal orgoniJationa ¢oming 109ethar have a stronger vce to activate Cha fv the tetter In and lor our mmunItIo8. 2022 saw tha establlshmenl ol Rolunda EnlerrKi50 CIC, the cm aim of Ihis ami of Ihe organisalion Is lo prode enhanced supwrt to new stsrt buslnesses Ar Ihlrd sector organlsalkjns Ihrough con(ntral8d buslness s¢Jppot1. Incubator space and businèss menlortThJ. We aim lo prowde support to 20 new bustnesses over the next iw6lve months Wlth tho suwy)rt ol partner8 8u¢h as L[lity. P0r2chang8 aTrJ LCRCA am¢)r4J other$. Flnanclal revlew Thp rp.8uII8 for the y08r and the eharflls fin8nd81 pIK)n 81 Ihe end of ihe year are shovm in atta(thed flnancial st8temènls. Totsl incorne in the year was £1,196.35612021.. £978.7791 befrxe ac1)nI1 for the re888 of dèfeired inwme In relation to the refUbshment prr4gd of £589,68912021'. £nill (see nol8 71 and th8 insur8nce clalms tolalllng £218,67612021.. £nill Isee note 81. Expendllure kwds £1.182.051 12021.. £886.0481. The surplus for the y88r is £822,67012021." £92,731). As 8131 August 2022, the charity had r8serves 01 £2.588.87812021.. £1,766,208). Induded wthin these reserves are £973,49912021". £1.047,2941 of reslricled lut¥Js (see note 251. Induded wlhin unre5lricled funds are fixed a5set5 lolalling £1,363.932 12021. £487.6261. Ihe bala of the fixed assets are inGlvded wthin ¢he re3triGted funds. These funds can onty b8 realised uwjn sak of Ihese assels. The tharity had free reserves of £251,446 as at 31 August 202212021.. £231.2871.
ROTUNDA LTD. COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 R88etves polley The charity has successfully inueased fre8 unreslricied funds to a 18vel 8qUiVanI to three months. lotsl expendllura. Th8 trustees consider Ihat res8rve5 at this level prov¥J8 financial stalility whilst additional funding is sought. Rlsk pollcy Th8 Trustees have examinad th8 major slrategic, tle$S and op8ration81 rfsks ¥thleh the d)811t8b company may lace and beli8ve thal all majcw risks have been Kl8ntified. The Trustees hav8 adopted a lomial Rlsk A¥sesbrnent prou(Jure and have estsbllshod 5y518ms to ensure ihai Ihe naLssary sleps can b8 18k8n to mitiga18 Ihese risks. Fuiure vians: As wè rènact on 202112022 and thè ehallang85 W8 can cslèbrate th8 divwsily. resiliènce, and Jmmilment ol our staff team. Y81 again Ihe team has rlsen to th6 cha118nges Ihal Ihey have been f8ced with and responded accordlryly. We conllnLJ8 lo with h)cal ernployers and our c4nmunlly io ensur8 Ihal we meet Ihèlr needs and that our delivery mot1$ don't exdude anyt Ihal needs h81p. ouldanc or educaliornal direction. Our staff team and volunl88rs have o)ntsnued to show resllience. (all and hUMr In m88lin9 th8 notsd¢ an¢J ohallongoo during thio ptsrd whllol ffiointoining Iho oom val¥¢• ol Rolunda. W8 have 8n exciling year ahead of us 2022r2023, 83 we knk lo dwdop Rotunda's Communlly Led Housing prooramme Inillally wilh Ihft piJrrthas8 of th8 8nd t&rraee propgrly, ensuriThJ Rolund8 tywns lh8 enliro block of Iho only Georgian Houses in North Lw8rpod and relains their histLYiC m98ning in Ihe area for d8eade8 to come, bul also and in partn8rship wth LCC CLTS grtyjps tyjikl, qu81ily 8ssvred afforda18 Ivwsing for our local community. We 11 contlnue lo devtslop and deliver hh ouahtv educational yDJr8mm8s th81 m681 tha n$8d8 nf th Indlvlduals In our communSly and Ihos8 trAJsln8sses needing skIld staff in order to rebuild or suslaln their buslness 8nd halp LCR - Iwild back bfrtterl Wè h8vè a fX1r8¢t in partn8fshlp with WISE Group, dellvarlng welfare athce, guidance and Supp in prisons and l011thng rèlèasè In the community across LCR. We 11 nllnue to develop our offer of thè H¢)mework Hub and Grub Club lor our young peop prowdlng Iho much needed support to our young p80ple to help them galn beitsr le chances. Our focus will bè on supportlng and aneouragino our communily lo reach out lor help, lo relrth, lo refor#Js thetr skllls, lo bulkl confidence and g•1f- ¥¥i¥¥iii ¥rid iu rulnforce our stroNJ resiini comrnunlty. Rotunda Is a sm811 organlsatbn wllh a blg heart, devèloptd by our comrnunlty for our cornmunlly. It Is a trua roficclion of tho city region and imp8ct ol n&tn81 issues and thè challenges that have bean faced 8ThJ overGoine through joint efforts. We wll continue lo dèvekjp a1 deliver tyJr community 898insl rts needs and we will continue lo be part ol a proud city that never k)ses its Srit especialty in limes of advwsily - Red and elu• •tMndlny 8hould•r to hould•r h•lplMo •*eh oth•rl structure. govern8n¢e and manag•m•nt Tho ch8rily is a cornp8ny lirniled by guarantee, In¢orporated on 28Augu8t 1986 8nd regislemd 88 8 ch8fity on 17 JU 1987. Tha charity was established undèr a M8TfK)ran¢knm orAssocialic which 851ablished the objects ond powers ol the company and Is w¥8in8d und8r ils Artsdes olAss"8On. The Truslees, who are also the Dir8Ctors lor Ihe purp)se ol company Iw, and $ed during th8 year and up to the dale of synalure of Ihe finandal stslemenls were.. Philip C8sh8n ICh8irl Charlolle chadck William Connol Philip Corfieh8 Victoria coWY Annette Johnson P8ula Mccabe Richard Meegan Keith Hou51ey Howard Fl8mirKJ Paijl Mijsa IReskJned 20 September 20211 {AFwnted 20 Sepiember 2021)
ROTUNDA LTD. COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 The Board of Truste8S CA)nsisls ol al least S8ven Imrt not Ihan ethn dIdUal$. Thè Board ofTrusl98s may 8ppclnt any perscl) ncminated by any rnembèrof theAssodatlon as a member of thè Board of Twslèés. No person who is not a rnember of Ihe Assocjation 1 in anyrArCJj1afte6$ be dIgIb to hold offi¢8 88 a member of the 8oard ol Trustees. All Iruslees are 8sk8d to sign 10 confinn iheir eIlbIty to seTV8 as a trustee and as a dlrector. At the beginnlng of every meeting all Trustees and representatives are reminded of Iheir ¢Jbli9alK>n to dedarè an inlerost in any item and, if necessary. thdraW from further di8¢ussws and deasth ma"n9 on Ihat subject. Th8 808rd ol Trustees met on 8 rggular b8sls throughcwjt Ihe year. Non¢ of tho Truslees has any benefidal IntfjroÈt Sn th8 company. 1 of thè Truslèos 8r• momb•rs ol Iha company and guarantee to conlributg £1 in tha èvant ol a wnding up. A Chlol EXOCUvts lo apPnt by tho Tru¢t•g8 to th• d•yWay OPw9ong ol th• charily. A Remunerallon Comrnftt88 VAII det8milne the 68Lqry of memb¢rs ol Iha ExwJlfv8 T8am. Audltor In accordance th the compAntys artle18S. 8 r8sohJtkn prcp061ng thal BWM b& f•appclnt8d as audllor of the eompany wii De pui ai 8 ¢ienarai Mè8iing. Dlselo•uM of Informallon to oudltor Each of th8 Trustees has Conlirrned that Ihere is no InlcmalK) ol %thich they are aware whkh Is r816vanl lo the audll, but ol which the auditor is unaware. Th8y have fUrtr ¢Timd that they have laken appropriate steps lo identify such revant Inlorm8tw and to 8St8bllsh that Ihe audllor Is aware of Suth iftfom18tic. Small Company provl¥lons This report ha5 beon prepared in aCrden wlh th8 spedal prOvion8 rela9 to Smal e4ynpaniès vAthln P8t1 15 of the Comp8nb$ Ad 2(. On behalf of th ar&ofTrust••s Philip Cashon Ichalrl Twslee
ROTUNDA LTD. COMPANY LIMITED BY GUARANTEE STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 AUGUST 2022 The Truslees. who 8rè al Ihe direcaors of Robjnda Ltd. the ol company law. resw)nsibb for preparing the Trustees. ReFK)rt and the finanrial statements in accordance Trmth appkrAbl8 law and United Kingdom Accounting Siandards Iuniled ngd(¥ Gen8raItyAeL8pledAccJn1lng Praclicel. Company Law r8quir8s the Trustees to prepare financial slalements ead) financi81 y88r glve a true and lair view ol Ihe st818 Ot aflairs of Ihe charfly and ol the incA)ming r&sour¢*s and 8ppllcatK)n of resourc8$, including the incorne and expenditure. ol Ihe tharitabje o)mpany lor that year. In preparing Ihese finanrial sl&tom¥iii¥, thFJ Twuslees are required lo.. - 3elect suilablo accounting tK)¥(ies and then Ihem eonsistgnty. - obseN8 Ihe rnethods 8nd princ4pkns in th8 Charltles SORP: - mak4 ludcftmftn18 and 8Stimat8s that art r•a5Cffj8bl8 and prudanL' lat8 thelher appllcable UK Aetswnling Stsndards hav• b8an IdkA%J. 8ubiect io any materfal dèparturès dis¢losed and eXalned in Ihe finaTraal slalemènis.. and - prèp8re th8 financial statements on th$ sxjing rJJnc4m bath unless It ts In8woprlate ¢0 pre8ume that the charlty wlll ConnUe In opèr81icn. The Trus188s are re3ponsible for keerj adaquai& 8Cmtnlirg records that disc1 with ra8son8ble accuracy al any lime Ihe flnandal posillon ol ch8rity and enable them lo ensure that th8 finanri81 sts¢em8nts comply with lh8 Curnwdnies ACI 2000. Tney are also responsitMe for saieguaraing the asse15 Ot the th8nly and henr lor laklng reasonab18 8tep$ for the wevenbon and dete(kn of fraud and olher irregularilies.
ROTUNDA LTD. COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ROTUNDA LTD. Oplnlon We have sudltèd tha financial stalomenls of Rotunda Ltd. Ith8 'chariWI lor thè wr ended 31 Aijgijst 2022 which comprise the statement of finawal actmlies, the balan¢% sheet. the statement of ¢88h fiow5 and notes to the financial slalements. irnduding significanl accwnting poiiaès. The financjal r8p(xh'ng framework that has been appliAA in lh4x.ir Drp.PAfAlinrL 14 AppI)lÉ law and Unl Ki10 Acc(yJnlino Standards. indudino Financial Reportillg Standard 102 Th8 Fillancl R&porting Sland8rd 8pplKabb in Ihe UK and R8publK of ltsland (United Klngdom Generally Accepted A(uting Praclic81. In our on10n. Ihe finanrial stalements.. glve a true and fair VI ol the stale of lh8 dritalIa compan16 affairs 88 Bt 31 August 2022 and of its incoming rgsourt$4 and rAgNirrAq inrlijdlng ils snd èxpendlture. for the yèar then 8nded', have been prcyerfy prepared In atccrfdanc8 with Uniled Kingdom Gw)eralty Ac£epled Accountlng Practlce; and havè t48n pr8pared in acCrdr the requlrwnenls ol Companles Act 2006. D4iBl• for oplnlon We conducted our audit In acLordance lntèma1lcaI Standards on Audlllng IUKI IISAS IUKII and 8pplicab law. Our rèsponslbi111Ses under Ihosè standards are furfh8r d85cribed In the Audilorfs responslbllltles for Ihe audlt ol Ihe fyn8ncial 81otomont$ Geclion of our reFx)rt. W8 Ara 1ndaThdanI of Ihe charity In accordance wth the elhical requirements that 8rè relevant to our 4udlt of the financial 3tstsmtnts in the UK, including th8 FRC'S Elhical Standard. and we have fulfilled our other elh1 reS[thbIlIt In accLJrdance wlh Ih8sè rèqulrements. We b8118ve thgt thg gudll •vld•n¢e w• hAVA nhllnArf Ix wlffirjpI And apprry)rfali to woylde a b861s for our opink. Conclu8lon8 relatlng to golng ¢onc•m In audStlng tho f1nanci81 8tstemonts, hNo cx)ndudod Ihal th8 Irusle8t' of tho n0 co[arn baBls of accounllng In th8 preparatlon of the finaThry81 stalaments Is approwate. BABad on th• woth w• hov• p•rform•d, w• hav• tslAnl Any m#lAdAI iinrrtAlntlfts rfilAllng lo évènts or conditions that, Ind4wdually or Collectively. may cast &gnifwant dwbt on the dntY'S ability to continu8 as a golng oncern lor a period of al 3$1 twelve months Irorn when the fina81 slalemenl$ ar8 aulhorised lor issue. Our responblItIeS and the resFrfJnslllttfj$ of Ihe TnJ31ees wtt) r¥spect lo ng concern ar¥ dasuibed In th8 levanl seclion5 of this r8w)rt. Other Infom)atlon The other Information cornprises th8 inlomiation included in th8 annual rew¢ other Ih8n the financlal statements and our audilorfs report thereon. The Tru$t88S arn r8swns1e Ihe other inf0rtnallc contained within the 8nnual report, Our opinK)n on the finanryal 51alemants does nol cover Ihe othar infomalk)Th and, except to thé èxlwt othanNlse explicilly st81ed in our report, do noi èxw8ss any fomi ol assurance conclusion thereon. Our ¥esponsibilily is lo rèad the olher informalK)n and, in doirKJ so. fA)n%dèr whather the olher information is m8terially Inconsi51enl th the financ¥al slatetnents or ujr kno¥Aedge ¢*)lained in the course of the audrt, or olheNSse appears to be materially misstated. 11 we identify suth matèrial inconsislenries or apparent malerial misslalemenls, we ar8 requir8d to delemine whether Ihis gives dse lo a material misstatement in Ihe finanryal stalernenls theMsee$. 11, based on the work we have wrtomied. we con¢hMI8 Ihat there is a maiertsl mi8slatement of th15 (rther InfDtrnallun, W8 are requi lo rewt Ihal facL We have fK)Ihing Iv reporl in Ihk% tegard. Oplnlons on other matters pres¢rlbed by tho Companles Act 2006 In our opinlon, based on the work undertaken in the cr5e of our audll.. the information given in lh8 Irus18e5' rep)rt for the financkgl year for vthl¢h the financial stst8rnenls èra prepared, whth indudes Ihe direrl(xs' F¥Epad for the puwrxM% tsftompany law. is o)n$i$tent th8 financL21 statements; and the direcsors, report in(aud8d wilhin Ihe tntslees. r9FL¥t has been prepared in a(¥X¥d8n applicable legal requirements.
ROTUNDA LTD. COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT {CONTINUED) TO THE MEMBERS OF ROTUNDA LTD. Matter8 on whl¢h ar• r•qulred to report by exe•ptlon In th8 light of the knedge And und8rstandiw of the rh>Jrity and its enwronment obt8ined in th8 c¥)urs& of tho audit. we have not k8entifiod matellal misslaiements in dir8Ct(X8' report induded wsthin the trustees. report. WA hgVA nothing lo port in r45p•el of lh• fdlrA4ing rfiatt% in rolation to thlch tho CompanioG Aot 2006 roqulroa us lo reporl lo you il. In our opSnkn.. ad8qU8te aca)unting reo)rds hAvg nol been kept. or reiums aduate lor our audit hav8 not been recaved from branthes not viwl8d by us-, c the fin8ncial Slalements are not in agr88mgnl vAlh the actn15ng records and retums.. or eort8in disdosures ol trustees, r8rnun8r81ion sperified by taw 8rè rK)l rnade., or hove not recaivod all the Infrxtnotson and exFAanalKJi)S we i¢yviT¥ uui ¥u¢E tm the Trustees wtr8 not 8ntitbd to prepara Ihe fin8nci81 slalem8nls in aco)rdance with th8 sm811 companles regime and t8ke advanlage of Ihe sm811 eornpanies. exernplions In w8padng the trustees, report and frorn the requlremont k) prepare e strategic r8POrt. Raspon8lbllltl•s of TTu$¢o As expl8in8a more ruity In rhe sia18m9ni of Irusie8s' respontMllli8s. lh8 Iwstees. ar8 also the dlrecloTS ol the charity lor the purpK)$8 of cornpany law, are reSpS[b for thg preparallon of th8 flnandal statements and lor bèlng sallsfléd th81 they glve a true and lalr vI8w, and for suth inlemal control as the Twste8s dolamilna is necessary lo enable the prep8r8ll¢n of financlol stal8m8nls Ih818re froe Ircffi ma18rtal mls$l4lemw)I, whelher due lo fraud or •rror. In preparlng the finandal stalemenls, Ihe Truslees r8sponsible f assIng th8 charity's ablllly lo contlnue as 8 going Cern, disdoslng, as applicable, matters rtskled to goins concem and uslng thè golng eonc•rn b•Big of aecounllno vn14s6 tho TN8lM8 •lihar Inlortd to 11guldoto tha thtiyltobk ¢)ompony or lo ce••¢ oparalk)n$, or have no reallsllc allématlve tt to do so. Audltorfo ro8pon8lbllltlo8 for tho 4udlt of th6 financlal 8tat•rn•nt• Our oblecllves are lo obtain reasonable assuianee about whether the finandal Sta1•nts 85 a whol8 are free from malèdal mis51alement, ether du6 to fraud or elror. and lo Issue an 8udltorf8 rep(Kt that Indudès our opinlon. R•aBon4bl• a4¢uran¢o Its o hlgh knvol of oooumrbQO bul lo hot D guorontaa th•1 an •udit conduGtod in accordan th ISAS IUKI 11 always da18Ct 8 rnalerial misslalemonl when il 8xists. hAiss18temenls can 8rl88 from fraud or error and ar6 Consider rnalerial il, ind1¥AdUal or in lh9 aggregate, they ctsjld reasonabty be expected to influ8n th$ 8conomic dedsions ol usern takèn on th8 baS of Ihese frn8naal stalemenls. Irregularflles, Includlng fraud. Instanc of rKJnthcthnpll8rts with Lwws and reguLqdons. We design procedures In wfth our r•8pongiNlilix, crtrtlln•d ¥bov•, lo d•l•el mal•rf21 mlÈ¢lolomonlc In roopoot ol Irro9ulorili¢ J, Inoludlry froud. The extènt to whkh our procedures are capable ol detecllng irregularitie5, inrknling fraud. is delai18d below. Th• •xt•nt t¢ whlch th• audlt wa8 con8ldèrèd ¢•pabkt of dètectlng Irrngul•rftl•¥, Includlng fraud Our 8pproach lo idenlilylNJ and as5es5ing Ihe risks of material missialement in SpeCt ol irregularities, Includlng fraud and non-complianc8 wlh kn and regUlats5, Was as fcAIows- the engagemenl partner ensured Ihal the engagement team cdleclivaty had the 8pproprfate compe18nce. capabililies and skills lo id8lltily or r9o>anise non-compliance wlh aprAicable Laws and regulations., we Identified the 18WB and regukgts"c¥)s 8pplicaLl8 to Ihe conwany thrtyjgh discussions wlh dIrtorS and other management- we focused on sp8crfic laws and regulalic¥)s which consKlereLI may have a direct material effect on Ihe nancS8l stalernenls or the operalions of the company, includlng tha Companies ACA 2006. taxation legislation and daia proiedK)n. 8n".bTrbery. employment and he811h and safely leglslation.. we assessed Ihe extenl of Complian ith th8 laws and regulatn$ identifd above through m8king enquiries of management and inspecing18gal cx)rresponden(*.' and identlfied laws and regublions were c0minunicalI wtlhin Ihe audlt team regulaty and Ihe learn remained 8rt io instsrKes of nc()118nc9 throughwl Ihe aYrt.
ROTUNDA LTD. COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF ROTUNDA LTD. We a&8es88d thè SUpIlb1llty ol Ihg IpanIS financaal stalements to materitil mlsstalement, includlng obtslnlng Én undèrstanding ol how fr91 mloht cwjr. by.. * making enquiries of managetnent as lo there they $Ired th8r• was suschplibilily lo fraud. thelr knowledge ol a¢lual. suspected and albged fr8ud.' and nsidering the inlemal CctrC4s In pkq(x to mlwJa nsKS Oi frauo an(J Mn-compiiancè laws ana reguLalions. To 8ddres8 th6 li8k of tra thrwh management blas and ovwth of(x)nlrol6. w8.. P8rformad analytical proCdreS lo klenllfy any unusu81 or unexpedJ ralatlonship8', lesl8(S joumal 8nlrie5 to Idènlily unusual transactions.. assessed whether judgements and as5umpIK>ns made in determining tho a¢¢¥)unllng estimates were indicative ol FM)lential bi8s'. arvj investig81gd the ralK)nal8 behind slrICant L unusual transaclion6. In rèsponse to the risk of iffegulariUès 8Th1 r¥JnryCCm18ncO wilh laws and ragvuCffl8, we designed proc4durns whlch Induded. bul werè not Ilmited to: agreelng finanrial $ts14m8nl dtsLknJre8 lo undwtyMb3 auppthng dcmentsOn. re8dlng Iht mlnutes of meetings ol tfv)$0 charged wlh govern8n.. and énqulrlng of management a5 lo ac¢ual and wieiiii811114gatkJn 8nad dalrns. Thèré are Inherent Ilrnllalions In tyjr audtt procedures dtseAbed at#)ve. The n)re rernovÈd th81 laws and ragulallons are Irom Iinancial tr8nsactic)s, Ine $3 IIKeiy 11 Is Ihai we wouio t)ecorne awar# uf iiuii-Luiiiyll&llLiI. Audlling standard5 also Ilmll the audit woceduras Toquired lo Identlfy norbwpliaThc• laws and r8gulalKJns to erquiry ol Ihe direclofs and olh8r management and the inspection ol iegsJLqlc¥y and bgal corr98pond6nee. il any. Malerf81 missl8t8monts th81 arise du¢ to can be harder to deléd Ihan thosa thal arfse Irom 85 thay may Involve dellber81e ¢¢rta8lm6nt or cdluskffi. A lurther descrfpllon of wr responslbilllth Is avaikgNe on Ihe Financi81 Rep)rting Counril's wobslt• at.. https'.11 w¥w.frc.org.ukl8uditorsresponsibilities. Thi¥ dèscripuon fomis part of our auditS roport. Other matters The arnounls shown for the coThespofvJlng finandal pethjd lo 31 Aust 2021 are unaudltsd slnce the Charfl8bl8 Comp8riy W+Jb ¥llylbl¥ Iv bklliti Iliv ¥A¢zliiyltsJli 4vailab Companlea AGI 2006 thnd Chorfllts• COAP from the rèquirement lo have its finandal statements audrted. Use of our report This report is made solety lo thè tharftae CLfnp8nls rnembérs, as a bc#ty. ln aco)rdarKe wth Ch8Ptar 3 01 Part 16 of the CcKnpaniÈs Acl 2006. Our audil w)rk has ien undertaken so that we rnight stale to the d)arftable companys memDer5 th058 maiiet5 we arp rwulrvd Iv ¥l¢il¥ lu IlwTi Iii ¥ii ywJllL'o It)wl arMI f(r olhvr purp¥. To the lullest extent MillI8d by law, we do nol accept or assume resp)nsits'lity lo anyone other than the charitsble company and the charitable ccmnpanls members as a bcKly. our audit work, ICY this report, or for the opinion5 WO hav8 fomied. Louise Ca$oy ACA Isenior Statutory Audltor) for and on bghalf ol BWM 16 May 2023 Chartered Accountants Statutory Auditor Suite 5.1 12 Trtheb8m Street LiverpLW)I L2 2DT 10-
ROTUNDA LTD. COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2022 Curr&nt financlal yaar Unrestrlcttd Restrfcted funds funds 2022 2022 Total Total 2012 2021 Not•s Income an Donations and16gacies Ch8rilabl8 activities Other trading actlvllles Inveslmènls Grant Incomè In rel9On lo refurblshmenl Other Ineom8 S froffl: 60,713 723,283 31,032 25 589,689 218,676 60,713 391.303 1,104.586 31.032 25 589,689 218.676 50,322 923,242 5.195 20 Totsl Incom• 1,623,418 381.303 2,CX)4,721 978.779 re RaL81w fuThJg 16.672 16,672 3,791 charblab aetmlies 10 815.536 345,099 1.160,635 882,257 Other 15 4,744 4,744 Totsl •xp•ndlture 836.952 345,099 1.182,051 886,048 Nèt Incomo befor• Ir•n•for• 786.486 38,204 822.670 92,731 Gross trAn$fers betwoon lunds 109.999 1109.9991 Nèt Incomoll¢xpondltuMI for thè yoarl Nei mov•m•ni In lund8 IIYb.4ts5 173.7951 822.670 92,731 Fund ba18nces at 1 Septombor 2021 718.914 1.047.294 1,766.208 1.673,477 Fund balances at 31 August 2022 1.815.379 973.499 2.588.878 1,766,208 rha staternent of finarrial a(aljaS indud88 all gaTh and lossos r8eogniwJ In the yew. All inc0rn8 and expendibjre derive trn ltinuirj 8Ctthties. The statement ol financlal arthlieS *so o)mpl5 wmh th8 requiremenls for an OrKXM snd expendilure aCunt under the CoTnpanies A¢1 21M)6.
ROTUNDA LTD. COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2022 Prlor fln8nclal y•ar Unrestrlctsd Restrlcted funds funds 2021 2011 Total 20Z1 Notes wm Donations 8nd18gaoes Ch8rilabl6 8clivilies Oth8r Ir8dlng act11468 Investments nts fro 50.322 648.717 5.195 20 50,322 923,242 5,195 20 274.525 Totsl Incom• 704.254 274.525 97fl.779 èndltui Flul¥liig luiHJ¥ J,781 J.791 Charll8bb adlvitleB 10 614,096 268,161 862,25T Total •xp•ndltur• 617.867 268.161 886,048 Net Incomlng r•Ure•S b•lor• tr)n$forn 86,7 6.364 92,731 Gros8 Iransfer$ betw88n funds 73,219 173,2191 Net In¢omellexp•ndltur¢l lor the y•arl Nèt mov•m•nt In fund8 159.586 166.8551 92.731 Fund b8Lgnc•s 8t 1 September 2020 559.328 1.114,149 1,673,477 Fund balan¢¢8 at 31 August 2021 718,914 1,047,294 1.766,208
ROTUNDA LTD. COMPANY LIMITED BY GUARANTEE BALANCE SHEET AS AT31 AUGUST 2022 2022 2021 Not•8 Fl¥ed assets Tonsiblo otstsoits Inveslmenis 2.321.007 I.J23,20J 17 2,321.068 1,523,269 Currnnt a$$¢ts Debtors Cash at bank and in hand 19 221,1 436.99) 713,753 352,551 657.999 1,W.304 Credltor•'. amoun¢8 falllng du• wbthln ono y•ar 20 I233.) 1731.2501 Nel cuffèfit asgets 424,109 335,054 Total ••ui 1••6 curr•nt IlabllltS•• 2,745.177 Cr•dltorn.' amounts falllng du• aft•r moY• Ihan on• y• 21 192,1151 2,588.878 1,766,208 Incomo lunds Reslricled funds Unrestricted funds 25 973.499 1.615.379 1,047,294 718.914 2.588,878 1,766,208 These finanrial slaiements have bean wepared In aCt))rdar wilh the wo¥lskns applicab to companies sutyecl lo thè Èmall ¢ompanies regirnc. Thy flnonQs13 27 2.2tslTr were approveo ty Ine TlUSt8es on ......................... Philip Cash8n {Chairl Trustee Company reglstratlon number 02050597 13-
ROTUNDA LTD. COMPANY LIMITED BY GUARANTEE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2022 2022 2021 Not8S Cash flo from 0ratIng actl¥ltl•s c11 frL¥iill¥iwLvJ by) operations 289.648 1154,9311 Inv•stlng a¢tlvltl•s Purchase ol tangible fixed assets IThv8slm8nt Income recAived 1295,3341 25 12.2041 20 N•t cash used In Inv•stlng a¢tlvltl•8 1295.3091 12,1841 Flnanelng actlvltle8 Proceeds from new bank loans R•pAym•nt ol loan8 115,CKJ) 50,C4)0 IA.4111 Net cash goneratod from flnanclnq a¢tlvltl•8 ,1C 41,069 Net Increaoélld•er•a8•1 In calh and ¢¥•h qulval•iit• 84,430 1116,0481 Cash and eash equlv818nts al beglnning ol yaar 352,551 468.597 Cash and ¢¥¥h gqulv8i•nts at •nd of y•ar 436.W) 352,551 14-
ROTUNDA LTD. COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 Aeeountlng pollcles Ch8rlty Inforn)atlon Rotunda Ltd. is a pAvatè company limiled by guarantee IncorTmted in England and Walas. Th8 reglstared offi¢• is Rolundg Cdl•g•. 10Q Cr•al kl4rs•y Stro, Lwpool. MeruyElda. LS 2PL. 1.1 Accountlng ¢onventlon The finanaal statements have b8en rxepared In acoxdan¢x 1h th& govemlng document, th8 Companies Act 20[ and 'Accountlng and R8POrting by Charitses". Sta16tnenl of RerAynm8nded Practice applicable lo ¢hariUes weparing their accojnls In aecordaThx wilh the Financial Reportlng Standard ¥pplicablg in tho US< and Republic of Irolarttl IFRS lryI loffcctivo 1 Januory 40101. Tho Ghority is a Publl 8anefil Entity as defined by FRS 102. Tho finJnrAal slalemenls are prepared in $lerh'ng. •Gh is tho fundionol rrencY of the Gharity- Mon8tary am¢JJnls in the89 finan081 slalem8nls are Kndad to the nearesl £. The flnaiiblal &tolei)Iti)l& Ii¢JVe Lxstsii uiKl¥r Ilw 14¥tUrf1 Ix)¥i IVeIl0n. The pnnupai accounting pollcles adopted Brè sèt out bekyw. 1.2 Qolng concorn Al the 1Sme ol appro¥Ang the finaThual stslemenls. Ihe Tru51e8$ have 8 reasonabk expecl8tion th81 the ch8rfty has adequate resources lo contlnuè In wratKMI81 existence lor thè forasèèabb future. Thus Ihe Truslaès LxJiIIIiIL Itj ¥duyl Ili¥ wivxii of 8cuJunw¥ In prepaflThJ the nnand815tai8ments. 1,3 Charllabl• fund• Unr8sirlctèd general funds- Ihese are funds cn be used in accord8ncé ¥Ath tha th8rf18bLg obJ8CtS at the discretlon ol ihe trust$. Resinowd nJn(JS- Ihtse ar8 fvnds inai can orty De usaa ior partkijiar restncled purposes vllhln thè objects of the th8rily. Rg$trlclion8 artse when speafd by the d[ en funds are r81sod for particular reslri¢ted purFM)$88. 1.4 Ineomo I donations recelved ara raccgniséd al the lin8 of recelpt. UnK8SS SP8tifieally dgslgnaled, all Incomè receiv80 irom ¢Jonaiions wii D• tr8816d as unresln¢led fvnds lor the Charity to do with as Ihey se8 fit. Goods and services pded of charg8 lo the Charity afe recwnlsed as othar ulrrtJ the trustees, esllmale of Ihe amounts the Charily woukl ha lo pay In the open mwkel for thelr 8gulvalents. Grants r8C8ived are re¢ognL8ed al Ihe lin tho ch81ity becA)me$ legally enlttled to them. Any grants reIVed Ihal aro rootrlctod lo luturo O¢¢OVnling pcrioda ar¢ doforred and r¢rwniJed in Ihoao luture paAods. Oranlts received for spedfk purposes ar• xcounled fw 88 re1¢ luThJs. R8nt81 incom8 Is 8¢ynted for on An basi8. 15-
ROTUNDA LTD. COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2022 Accountlng pollcles Icontlnuèdl 1.5 Expendlture Liabilities are recognised as SOL a5 Ihere is a legal construth.ve ob1KJatiC commitbng Ihe charilablg LK>mptsny to Ihat oxponditura. il IB probable thal 8ellloment %%ill bo rnqulr•d and tho 4moun¢ of th• obll9atlon CAn be measured reliab. laxndItu Is accounted l¢y cffi an acnu815 basis. AJI 8XP8nsés. indudlng supp)rt costs and govemance costs, are alh)caied or apporooned lo lh8 aprknble expendllure headlngs In Stament of Flnanclal Aclivilie5. Support and governance costs are apled lo unreslricled funds unless speciliGglly induded In tha restri¢lions. as speafied by Ihe donor. Expenditure on Charitab activities rete 10 th8 (yralion ol lh8 tharity comprising of dir8Ct CharAbl• expenditure lo meet the ¢Jjeclive5 of the (tharitaiA8 company. Supwt and govemanc8 cosls relate lo the management and op6ralK)n ol the Oanisation and aL80 compli8nce with con81ilution81 8TK$ 8talutory requirement5 In the annual rewrt. These are deal¢ with in the Stslemenl ol Finand81 Acllvllles when paym8Tht has b88n approved by Ihe tharity. 1.6 Tanglble flxed 0$89t8 Tangible fix8d assets 8r8 Inttl8lly m888ur8d at cost and 6ubsequenty measvred al c4)sl or valuallon, nel of depreciation and any impaim)8nl losses. The investment property is ¢nrJuded 8s langStAe flx8d assets and 18 mé8surod al CA)$188 Ihe falr value c8nnol b8 [&Sred rgliobly wilt¥Jul undua cosl 01 affort. D8pw.ialK)n 5$ rocoonised so as lo off Ihe v8luatK)n of aB8ets le88 T rg8idu•l v8lu¥s tsvar Ihélr u¥glul livo$ on Ihe folkM"NJ bases.. Freehotd land and buikjings Bulldlng Improvements oiric8 Equipment M¢tor ¥¢hl¢l•• por annum on a slralohl line basis ¥A cw 20% per annum on a straight I1 bgds 25- 33% rgduring balanca or 51raighl lina per annvm oh a Jtrty4hl lirt¢ bbalo Freehokl nd Is not dewedated. The G8In or 10&8 8ri8iry on thè disKW)sal ol an asset Is delem11n as lh8 dlfference betsveen the 881e proceeds and Ihe earyng valsje ol the asseL and is reCnI1 in the 8t81emenl ol fina81 actitIo8. 1.7 Fixed assèt Invostmenls A subsidSary is an entity (onlroled by the dwrity. Control is tha pmr to govem the flnandal ond operalThJ pdldes of the enll¢y 80 as lo oblaln bertèllts from Its aL. AAt Inwlmftnlq Afa 8tat8d at C1. 1.8 Impalmi•nt of Ilx•d Sets Al eÉch reportin9 end dote. the charty rewews the rArrylng amountÈ of Its lang1b asG818 to determine whether there is any indication Ihat Ihos& assets have suffered an impaimwnl loss. If any such indicalic exists, the re¢ovefabk8 amwnl 01 th8 45Strt is estimaled In (¥der to de¢em)in8 Ihe extersl of th8 impairment kjss lif aryl. 1.9 Cash and cash equivalents Cash and Ga5h eouivalents Indudt f*sh in hand. deFlIS held al call wilh banks, other ahL¥t-terrn IKIUKI inve51ments wth original malurilies of Ihree monts or less. arNJ bank overdralts. Bank overdrafts are shovm within borrowngs in current liabilities. 16-
ROTUNDA LTD. COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2022 Aeeountlng policles Icontlnuedl 1.10 Flnanclal Instruments The charity has elected to apF4y the provisM8 of sect 11 'Basic Finanri81 Instwments. and Section 12 'Olh&r Finortei41 Inslwum9nls Igsu•B' ol FRS ItY2 all ol its financ481 inBtrumente. Flnancial instruments are reo)gnised in lh8 chariws b8larKe sheet ¥then th8 charity bec party to the contractual pro$1( of th8 Ill5trument. Flnanclal assèts and liatylties are offsal, ith tho net nts pr868nled In the flnandal ststèmants, en there is 8 legally enforceable rlght 10 $81 off the recognised arwunls Bnd th8rè L8 Bn intenbon lo settl8 on a nèl basis or lo realise the asset and sellb the liabili¢y sirnv1tanJsty. Bèsle Ilnan¢lo1 assets Basic linanaal assèis. vthkh Indude debtc$ aNI eash and bank bBlanc, ara InllLglly mè&surèd al trAnsaclion pn¢e Sncluding Iransaclk)n eosts And are subsequently cathed 8t 8morti58d cost using the effedlve interest melw unless Ihe arr8nqement conslitutes a finanuno transaclion. where the transaction 15 measured al the present valua of th8 future recespls diswjnied 8t a market rale of Inte1. Flnanclal assèts classlfied as r8ceivab18 wthin one year are not amorlised. 8aslc Ilnanclo1118bllltles B85ic financi81 liabilities. inchJdlThJ credttors And bank ban8 are initially rwnls•d •t tr8ns8clbn prfca unless the arranoement eonstSlulès a fin8w transadion. are tha d•bl in81runI 1$ rn8gsurod at tha DrHsnl value ol Ihe fvture payments distLvnlgd 81 a market rate ol inle$t. Flnan¢ial Ilabililies dassifled as payablo thin ons yèar ar¢ rKJI 8mortiS8d. Debt In31rumenls are 8ub8eqLn1ty Carri 81 arrvbe•J cost, uslng th8 •ff8th9 intere8t rale m8tfv)d. Trade Creditors are ¢Jbllgattons to pay lor gLE4Js or servics Ihal h8ve been 8equlr8d in the ordlnary course ol prliurl¥ from supplr9. Aft1$ payab cl8s51fteo as ¢urreni IiaDllrtias rt paym8nl Is due wlhin one year or less. 11 not, thay ara pr8s8nled as rArn1 Ilabilitses. Tr8dè creditors are recognlsed Inlli8lly al Iransacuon and 5ubsequenUy measurnd 81 amcw$•d ra)81 using Ihe effecti Inl051 method. Derecognlllon ofiinanclal Ilbllllhs Flnancial liabilities are derecognisad Ihè ¢haWs contraclual ci41gallon$ èxpire or are dlschargod or cancelk8d. 1.11 Employee ben¢llt• The Cost of any unus&J Way 8ntiUèment is Twn15ed In Ihe p8rfc>J In whith the emFloye8's setvlc&s ara r8celv6d. ièrniinaTM)n ben1 are recwniseo Immootatèty as an expense the cknarity ts démonslrabty mMItted to termlnate the employmnt ol an empbyee cff to ¥de teM)Inat b8n8fi1$. 1.12 R•tlr•ment boneflts Paymen¢s lo defined ContritwJtic relirem8nt b8nefil schemes are tharged 8$ an expense as they fall due. 1.13 Leases Rentals p8y8ble under operaling leases, Indudlng any lèase incenltves rfved. are Char as an expense on a slraigh¢ line basis over Ihe temi ol th8 rebvant lease. 1.14 Tsxatlon The chadty bÈnefils from various exemplh)ns from laxatth aft11 by tax 18gislaUon and Is not Il#ble to corporation lax on income gains falllrrfJ vAlhin Ihose exempl*)ns. The charity is not able lo recorvalue Add T8x. EXpendilU Is lded in Ihe a(Xts InrAusfve ofVAT. 17-
ROTUNDA LTD. COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 Crltlcal accountlng ostlmat•s and ludgem•nts In the applicalion of the thaitws accounting Oides. the Trustees are required to make ludgements. estimates and assumptions abtyjt the carryiThJ any)unt of assets and li8bilities that are not readify apparenl frtwn othor gtsurc Tho ggtimatAR gnd AoqnriAtMI Al¢JJmptinn< Arp. nn hilnrirAI A¥PAriAne And IJIr factors thal are conshygred to re18vanl. Adual sUlts may diffor Ircfft thes8 estimates. The eslimates and Underng 8ssumplv)ns arn revi6d cffi an orwng b88i3. RaViL5 lo accounung estimates 8re recogn15ed In the pwSod in the estirnat8 is rwsgd wh8r8 the r8visSon affects only Ihal pédod, or in the period ol the r8visKJn 8nd luturo pertods where the rewsion affects both current and futur8 perk)ds. Donatlon8 and legacl Unr•8trlct•d Unr8stricl&J lund8 funds 2022 2021 Donallons and gKts Grants reclv8bl8 Don8ted goods and 22,864 521 J7,J211 14,593 729 Jb,UUU 80.713 50,322 nnnAt•A onnd* Mnrl Donated seNlces are an estimate ol Ihe benefit ol volunieèr Ilme based hour8 8P8nl and notkjnal sa18ry. together with lime don8iad by Ihe CEO aThJ dc41a¢ed semces from an archrt8cI. Induded in this baLgnce are al80 9¢8 donaled io the d)arity. 18-
ROTUNDA LTD. COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 Charltable advltles 2022 2021 Tha advancgm¢n¢ ol educatlon Charitable aCtNitS Servl¢8s provlded undèr Perfomiance lated grants Charitsble rental Incom• Othar ineom$ 441,653 67,186 578,257 17,250 240 526,229 102.693 274.525 19.555 240 1,104,588 923.242 Anr*&S by fund Unre8lri¢lgd funds Rèslrfcted funds 723,283 381,303 648.717 274,52S 1.104,586 923,242 Oth•r tradlng aetlvlthl Unr¢•trl¢t¢d Unrestrict8d fund• fund$ 2022 2021 Bistro 31,032 5.195 Inv•8tm•nt8 Unrn$td¢t•d Unrestrfcted funds funds 2022 2021 Interest receivaLle 25 20 Grant Incomo In r8ktlon to refurbishment prole¢t The renovation of the grade 11 listed buikjing is nearing COMPIK)n and the grant from Liverpool Cty Region Combined Authority Skills Inve51rnenl Fund. who agr80d to ftjnd the fenovatKm of Ihe 'enveW' of the building. can now be released from deferd inc4)me. 19-
ROTUNDA LTD. COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 oth¥r Income Unrg8¢rfclad funds Total 2022 2021 Insurance dalm Uouid8tlon and Ascertalned Damages dalm 161.546 57.130 218,676 Ral8lng fund• Unrestrlcted Unr8Strlctad fvndi fundg 2022 2021 Bistro Bistro food, drfnk 8ThJ olher consumab 16.672 3,791 16,672 3.791
ROTUNDA LTD. COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2022 10 Charltable aetlvltl•8 2022 2021 Th• advanG¢mont •ducatl•) Stsff costs D8preciath)n Repalrs and malnteThan¢e Consultancy c051s Project eosls Advertising and Subscript3 Rate5 and insurance oirice c4)518 Travel and vduntèèr txpen8es Other costs 580,607 4T,9 16.660 10.369 383.412 7.938 19,193 45,971 2.823 19.479 535,734 45,984 19,348 4,829 180,370 11,284 18,055 34.063 1.511 16.267 1.134,361 887.445 Share olgovmance c051s ($88 11) 28,274 14.812 1.160,635 882.257 Analy818 by fund UnreslAcled lund$ R8slrfelgd fund3 815,536 345,099 1.160,835 For ¢hg y•or ended 31 Augu8t 2021 Unr88lricled funds Rastdcted funds 614.096 268.163 1$112.2bl 11 Support costs Support Governance Costs 2022 2021 Audrt fèes Accountsncy Legal and professal 4.200 11.810 10.264 4,200 11,810 10,264 4.255 10.567 26.274 26,274 14,812 Anatysed between Charitsble aVille$ 26,274 26.274 14,812 Support and govem8nce o)sts are allocated to diréct Lwi18ble adi¥ity. -21-
ROTUNDA LTD. COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 12 AudIt0$ r•muneraUon Fees payable to the charfws audltor and assoclateg: 2022 2021 Audlt ol the charity8 annual accounts Non-audlt 8er¥lces All other non-audll seNc88 4,680 4,255 13 Trustees Nonè ol the TNslee8 lor any parsorts conTr8caed wlth Iheml r[¥ any f8munerati¢ or b8nèfils from th8 charity during Ihe ar{2021.. £nill. 14 Employ••8 Numbér of •mployo• Thè avèrag8 Month numbgr ol émpW•s duriThJ lh8 yoarwas.. 2022 2021 Nurnlxr Nurillr Emph)yees 32 EmDloyment co•¢• 2022 2021 Wa908 and Galorl88 SocS8l Security costs Other pen81¢YI ¢OSts Vulufii¥¥r wu¢w¥llliiy oiKJ C8R 514.604 31.215 8,510 28.278 461.257 30,768 8,709 36,000 580,607 535.734 There were no wnployees OSe annual r8mun8ralkffl was £60,() N moré. 15 Other Unrestrlcted funds Total 2022 2021 Net loss on disposal of tanuible fixed assets 4,744 4.744 -22-
ROTUNDA LTD. COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 16 Tanglbla fixed assets Fwhokl Lnd 8uildinll Ind LwJlkllno• Improvemeni¥ Offic•lloiorvohlcl•s Eoulpmont To41 Cost At 1 S6ptemb8r 2021 Additions Disposals 170.654 1,830,915 839,415 156.607 11.038 1116,1451 31,440 2,189,616 850,453 1116,1451 At 31 August 2022 170.654 2,670.330 s1.5) 31,440 2,923,924 D•prèelatlon and ImpalMnI At 1 SeptemLr 2021 Dèpreciation ¢haryJed in the y Ellrnlnaied in respecl of dlsposal$ 43.381 2.4 458,242 36,124 145,946 3,097 1111,4021 18.781 6.288 688,3SO 47,909 1111,4021 At 31 August 2022 45.781 494,366 37,641 25.069 602,857 Carrylng amount At 31 August 2022 124.873 2,175,964 13.859 6,371 2,321,067 AI tsl Au9voI 2021 127.274 1,372,873 10.002 12.059 I,J23,20J The CarTrg valua ol Lar Inland 8ThJ bulk1in9s tsynfv.. 2022 2021 Freehokl 50,654 $0,654 A Charoè w85 issued on 12 Oclth 2011 to Ihe Nallcwl Herftage Memorf81 Fund over 107 Gre8t Morsoy Slrp.p.I In ArrA)rflAnrA ¥Alh IhA ornnl orppmNnl 22 Jun• 2011 b•ttVn RolurKla Llrnlt•d gnd thè National Heritage Memorial Fund. The charge wll Lgsl 25 years frrffi the agreement dale. Thè Iru$te83 c3der that the n81 IxK)k vakn of lanoitle fixsd as8gts is 8 tnje and f81r reprès8nt8llon of thelr V81u$ in use at the year end. Land and buildings and buildin9 IMrmentS irfljdes inveslrnenl propedy. The trustees d8ern approximaiety 20% 15 investment iywrty FYcMJuring renlal incA)me. The as581 is under tangible fixed 885els only. -23-
ROTUNDA LTD. COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 17 Flxed assèt Investm•nts Unllsted Investments Cost or valuatlon At I September 2021 & 31 August 2022 Carrylng amount Al 31 August 2022 At 31 August 2021 Th• compary hoklt lo 1gBU %h*r•s In RolLinrtg FThtArprf I In414d. WAA In¢xyrKJrYJl8d as a tradl subsldlary on 9 DecemtrAr 2004. but remalned dcKmanl at 31 Auoust 2021. 18 Flnon¢lo1 In8trumonl6 2022 2021 C8rrylng amount of financlol o¥Jot8 Debl Instrumenis rn¥kJ5ured ill drilI1¥j Equbty Instruments rnèasurad 81 cosl18ss Ilmbt 475,GO 9)9.SJl C8rrylng amount of financlal 114bllltl•s Measured at amortised ¢051 254.137 146,9)3 19 Debtor• 2022 2021 Amounts falllng due wlthln on• y•ar: Troé8 debtors Relurbishm8nt project wc¥k in progrèss Olher dèbtors Prepayments 8nd 8tLyued Incorne 38.200 31,548 S55.118 1.314 12af.773 413 182, 221,¢J)9 713,753 -24-
ROTUNDA LTD. COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 20 Credltors.. amounts falllng due wlthln one year 2022 2021 Not•$ 8ank Ic¥anB Other laxauon aThJ sodal $8writy Deferred income Trade creditors Other crèditors Accnjals 22 4fj,402 7,968 128,084 26,595 5.397 19.444 20.460 9,206 667,256 9,gb4 1,507 22,811 23 233.8 731,250 21 Cr•dltor8.' amounts f8lllng du• aft•r more than ono y•ar 2022 2021 N¢)t•• Bank loans 158.299 92.115 22 Lo4n• ana ov•Mrafti 2022 2021 Loans (unsécursdl 202.701 112,601 Pay8blé thIn one year Paysble after on8 year 46.402 156.299 20,486 92.115 Amcunla InGlud¢d abov* whKh fall dft¥i y¥di¥. Payable by Ins181m8nts 18,082 36,225
ROTUNDA LTD. COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 23 Deferred Incom• 2022 2021 Other deferred incm 128,084 667,256 2022 2021 Totxl df4rr IntrmI at 1 SIpt)mr 2021 Amounts r8ceNed in year Amtyjnls credlled lo slat8ment ol finar81 actMtse8 67.24fi 75,372 1614,5441 410,921 187,9061 Tot81 d81arrad irttme al 31 August 2022 128,084 667,256 The major cornponent of the deieffed I1¥n9 rg1ot88 to Ihg Str8tggk 1ntrnenl Fund of £590K whith h88 now been released lo 24 RgIITgment ben•llt 8chèm•# Dellned contrlbutlon $¢h•me$ The charfty operates 8 defined cn1bll0ft pon$lon $dme for 811 quallfWng empk)yoes. Th8 assels ol the sehéma ara hald sèparal8fy from Ihosa of th6 chartty h) an Indonden11Y adminlsl8r8d fund. The chargg to yofil or In r¢$poct of darin LYJnlrilyJtkn SL*am0s w8$ £8.51012021- É8.7091.
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ROTUNDA LTD. COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 26 Analysls of net ass8 between funds Unrestrlcted Restrtcted funds fund5 2022 2022 Total Unrestrictthl funds 2021 RèstridÈd funds 2021 Total 2022 2021 Fund bahnces at 31 August 2022 are represented by.. Tangibb assets Inv4slmonts 1.363.932 957.135 2.321.(7 487.628 1.035.642 1.523,268 Current asselsllllablill8sl LorvJ lerm liabilllies 407.745 1156.2991 16.384 424,109 1156,2991 323,402 {92,1151 11,652 335,054 192,1151 1.61S.379 973.499 2.588,878 718.914 1,047,294 1.766,208 27 Op•r8tlno1è8se commltmont• Al Ihè reporting 8nd d8le the charity had outstanding CL¥nmilmonls for tuture nwnimum le888 paTran18 undef non-canc&llabl8 opgrgting whKh fall due 86 lolbw&' 2022 2021 thln ono yèar Belween two and fve y88r8 0,528 29,928 51.036 00, 39,4JO 28 R•lai•d party transo10n¥ Romunèratlon of key mon¥q•mon¢ porsonn•l The rernuneralion ol key management wrsonnél is 8$ IdlowB. 2022 2021 Aggr•gat• r•mun•raUc 60,147 40.138 There re no olh8r ¥ela18d party transact5 in the year. 29 Company limlted by guoronto• Rolun<Ja Limi18d is 4ncx)rporated under Ihe Ccffi)panles Act 8$ 8 company limited by guarantee. The liability of Ihe members ts Ilmited to £1.
ROTUNDA LTD. COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 30 Cash generatad from operatlons 2022 2021 Nel Income I surplus lor the reF¥Mlng Ferlod as perth6 Slatem8nt of Flnandal 8??.670 92.731 Adju$trnents lor.. Investment income reo)gni8ed in slatement of ffinancid actiwlies Loss on disposal ol tangib fixed assèts Dopradallon ol t8NJlt4e fixéd ass•ts {2SI 4.744 47.9)9 1201 45.984 Mov8menls in working capital.. Ilncrea$81 in deblors Increase in creditors IDecrnaseWncre8se In dolerred IroMe 162,3741 15,896 1539.1721 1619,8371 3,196 323,015 Cash provld•d by opèr¥n9 aetlvltl•i 289,648 1154,9311 31 An•ly#l• of ¢h•no•• In n•1 lund• Al 1 S•pt•mb•r 1021 C••h fl¢) At 31 Augu•l 2022 Cash 8t bank and In h8Th 352.551 84,439 436,9 Loons lalllng due thIn one year Loans falllng due 8ll&r rmre Ihan crn ye 120,4861 {92.11SI 125,9161 164,1841 146,4021 1156,2991 239.99) 15.6611 234,289