GRAHAM ROWLANDSON FOUNDATION Report and Financial Statements Year ended 31 March 2024 Charity No. 802446
GRAHAM ROWLANDSON FOUNDATION REFERENCE AfqD ADMINISTRATIVE INFORMATION Trustees R G StJ Rowlandson FCA - Chair of Trustees E T M Rowlandson Principal Office Graham House 7 Wyllyotts Place Potters Bat Hertfordshire EN6 2JD Charity No. 802446 Auditors WMT Chartered Accountants 4 Beaconsfield Road St Albans Hertfordshire ALI 3RD Bankers Natwest Bank PIC 2nd Floor 10 St Peter's Street St Albans Hertfordshire ALI 3LY
GRAHAM ROWLANDSON FOUNDATION REPORT OF THE TRUSTEES For the year ended 31 March 2024 The trustees present their report together with the fLnancial statements of the charity for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accounting policies set out in note I to the accounts and comply with the charity's trust deed, and the Charities Act 2011. The trustees have adopted the provisions of the Statement of Recommended Practice: Accounting and Reporting by Charities SORP 2015 (FRS 102) in preparing the annual report and fmancial statements of the ¢harAty. Structur4 governanee and management The trust is an unincorporated trnst, constituted under a trust deed dated 2 November 1989 and is a registered charity, number 802446. The trustees are appointed by the Board of Trustees. The Trust Deed provides for a maximum of trustees. The trustees of ihe charity for the year to 31 March 2024 were:_ R G StJ Rowlandson FCA E T M Rowlandson The trustees are aware that they are currently below the minimum number of trustees required. Steps are being taken to seek a new appointment, however, the Trustees are conscious that the candidate must have the relevant experience to carry out their duties. The trustees have adequate access to up to date legislation to enable them to perfonn their duties. At the trustees, meetings, Ihe trustee5 agree the board strategy and areas of activity for the trusL including consideration of grant making* reserves and iisk management policies. The day to day administration of grants and the processing and handling of the majority of applications is delegated to the Hertfordshire Community Foundation. Risk management The charity trustees have considered the major risks to which the charity is exposed and have reviewed those risks and established systems and procedures to manage those risks. The twstees consider variability of investment returns the charity's major risk. At present these are addressed by the rern on the charity's main investment being linked to base rate. Objectives and activities The objectives of the trust are to undertake charitable activities. The trust aims to support a wide range of local causes with its primary focus on social welfare and includes the following priority areas'.- The welfare of disadvantaged children and families The provision of activities and opportunities for young people Access to education, training, sports, such as tennis and employment oppormnities Quality of life for older people Provide access to services to facilitate members of the public being assisted to apply for benefits to suppoit both themselves and their families Public Benefit Statement The trustees have ref¢ed to the guidance in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set. Grant making policy The Charity has entered into a Named Fund Agreement with The Hertfordshire Community Foundation, which undertakes the following procedures of the grant making process: Handling initial enquii'ies from potential applicants Issuing application forms and accompanying guidelines Giving help and advice where necessary in submitting applications Interviewing applicants by telephone or by visiting their premises
GRAHAM ROWLANDSON FOUNDATION REPORT OF THE TRUSTEES For the year ended 31 March 2024 Grant making policy (continued) Making other enquiries to obtain additional information necessary for effective assessment Preparing written appraisals of applicant organisations, projects and requests Short listing applications, meeting and agreeing criteria for consideration for a grant Notifying applicants of the outcome of their application Making arrangements to present or send grant cheques to successful applicants Monitoring corllpliance with any specific conditions attached to grants awarded Obtaining satisfactory progress reports prior to further instalments of grants due over a period Reviewing the outcomes of grants made The trustees assess the short listed applications as well as taking note of any additional inforniation provided by the staff of the Community Foundation in response to specific queries and then decide on which grants to award. The trustees visit the recipients of grants made to ensure that monies are allocated in accordance with the temis of the grant. The trustees also make a small number of grants outside the Named Fund Agreement. Similar procedures al'e followed when these grants are made. The trust ts reliant on the income from its irtvestments, the income from which was £174,196 (2023: £79,617). In addition donations of £92,304 (2023.. £171,883} were received. Grants committed in the period totalled £253,618 (2023: £233,736) including £Nil (2023: £Nil) being committed but not yet paid. In March 2010 the trustees established the Graham Rowlandson Grassroots Endowment Fund which was set up for general ¢haiitable purposes supporting the community and voluntary groups throughout Hertfordshire. This Fund was established under the umbrella of the Grassroots Endowment Challenge, whereby all donations received by the Fund attracted Government Matched Funding. In March 2012 the trustees established The Grabam Rowlandson Community First Fund which was set up under the management of Hertfordshire Community Foundation to support local community projects and voluntary groups within Hertfordshire, focusing on social action and combatting social deprivation. This fund also attracted Government Matched Funding. Investment policy The Foundation's investments comprise of a gift of loan stock made by Richard Graham St John Rowlandson. This gift is reflected within the fmancial statements as expendable endowments which generate income in the forn) of interest. Reserves policy The trustees aim to maintain free reserves in unrestricted funds at a level which equates to committed uniEstt-icted charitable expenditure. The trustees consider that this level will provide sufficient funds to respond to applications for grants and ensw'e that there are sufficient funds available to cover support and governance costs. The interest generated from the expendable endowment will be sufficient to cover these commitments as and when they fall due. The expendable endowment is an unrestricted reserve and there are no plans to convert it in the foreseeable ture. Plans for the future The Named Fund Agreement entered into with The Hertfordshire Community Foundation is to be reviewed annually. Grant awards The trustees expect the grant level awarded to be relatively static in the next twelve months.
GRAHAM ROWLANDSON FOUNDATION REPORT OF THE TRUSTEES For the year ended 31 March 2024 Trustees, responsibilities in relation to the financi81 statements The ttustees are responsible for preparing ihe Trustees, Annual Report and the fmancial statements in accordance with applicable law and United Kingdom A¢¢ountiDg Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the INstees to prepare fmancial statements for each fmancial year which give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources of the charity foi. that period. In preparing these flnancial statements, the trustees are required to: select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charities SORP 2015 (FRS 102). make judgements and estimates that are reasonable and prudent. state whether applicable accounting standards have been followed, subject to any material deparmres disclosed and explained in the fman¢ial statements, prepare the fmancial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accountlng records that disclose with reasonable accuracy at any time the fancial position of the charity and enable ihem to ensure that the flnancial statsments comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the harity and hence for taking iEasonable steps for the prevention and detection of fraud and other irregularities. Auditors The trustees in office on the date of approval of these fll]ancial statements have confJrn]ed, as far as they are aware, that there is no relevant audit information of which the auditors are unaware. Each of the trustees have ¢onfwmed that they have taken all the steps that they ought to have taken as tt'ustees in order to make themselves aware of any relevant audit inforniation and establtsh that it has been communicated to the auditors. A resolution to reappoint WMT as auditors will be put members at the Annual General Meeting. Approved by the trustees on 241h July 2024 and si edon eir behalf by: R G StJ Rowlandson Chaii. of Trustees Graham House 7 Wyllyotts Place Potters Bar Hertfordshire EN6 2JD
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF GRAHAM ROWLANDSON FOUNDATION Opinion We have audited the financial statements of Graham Rowlandson Foundation (the 'Ch'ity'} for the year ended 31 Mai'ch 2024 which comprise the statement of fjnancial activities and the balance sheet and notes to the fmancial statements, including a summary Df significant accounting policies. The fmancial reporting framework that has been applied in their preparalion is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Repoyting Standard applicable IF7 the UK and Republic of Ireland (United Kingdom Generally A¢¢epted Accounting Practice). In our opinion, the financial statements.. give a true and fair view of the state of the charity's affairs as at 31 March 2024 and of its incoming resources and application of resources for the year then ended. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice. and have been prepared in accordance with the requirements of the Charities Act 2011. Basis for opinion We conducted our audit in accordance with International StandaTds on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the fmancial statements section of our report. We are independent of the charity in a¢¢oTdance with the ethical requirements that are relevant to our audit of the financial statements ij) the UK, including the FRC'S Ethical Standard, and we have lfilled our other ethical Tesponsibilities in accordan¢¢ with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the fmancial statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the fmancial statements is appropriate. Based on the work we have perfornied, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a pei'iod of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees wilh respect to going ¢on¢em are described in the relevant sections of this report. Other information The other inforniation comprises the infonnation included in the annual report other than the financial statements and oui. auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the fmancial statements does not cover the other information and, except to the exteTht othenvise explicitly stated in our report, we do not express any fonn of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the othei. inforniation is materially inconsistent with the fmancial statements or oui. knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we ate required to deterniine whether this gives rise to a matei'ial misstatement in the fmancial statements themselves. If, based on the work we have perfornjed, 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 required to report by exception We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 I'equire us to report to you if, in our opinion:
GRAHAM ROWLANDSON FOUNDATION INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF GRAHAM ROWLANDSON FOUNDATION the infonnation given in the trustees, report is inconsistent in any material respect with the financial statemenls. or sufficient accounting records have not been kept. or the fancIal statements are not in agreement with the accounting records and returns. or we have not received all the infonnation and explanations we require for our audit. Responsibilities of trustees As explained more fully in the trustees, responsibilities statement set out on page 5 the trustees are responsible foi. the preparation of the fmancial statements and for being satisfied that they give a trne and fair view, and for such internal control as the trnstees determine is necessary to enable the preparation of fmancial slalements that are free from material misstatement, whether due to fraud or error. In preparing the fmancial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accountitig unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so. Auditor's responsibilities for the audlt of the financial statements We have been appointed as auditor under section 145 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 assurance about whether the fmancial statements as a whole are free from material misstatement, whether due to fraud or eor, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantse that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or e0[ and are considered material if, individually or in the aggregate. they could reasonably be expected to influence the economic decisions of users laken on the basis of these fmancial statements. The extent to which our procedures are capable of detecting irregularities, including fraud is delailed below.. Discussions with and enquiries of management and those charged with governance were held with a view to identifying those laws and regulations that could be expected to have a material impact on the fmancial statements. During the engagement team briefmg, the outcomes of these discussions and enquiries were shared with the team, as well as Consideration as to where and how fraud may occur in the entity. The following laws and regulations were identified as being of significance to the entity: Those laws and regulalions considered to have a dir¢¢t effect on the fmancial stalements include UK fmancial reporting standards, Company Law, Tax and Pensions legislation, and distributable profits legislation. Those laws and regulations for which non-compliance may be fundamental to the opei?ting aspects of the business and therefore may have a material effect on the fanCIal statements include trade/export compliance, health and safety legislation, employment law and data protection. Audit procedures undertaken in response to the potential risks relating to Iegular1tLeS (which include fraud and non-compliance with laws and regulations) comprlsed of: inquiries of management and ihose charged with governance as to whether the entity complies with such laws and regulations. enquiries witIL the same concerning any acthal or potential litigation OT claims; inspection of relevant legal correspondence. review of board minutes. testing the appropriateness of journal entries. and the perfom)an¢e of analytical review to identify unexpected movements in account balances which May be indicative of fraud,
GRAHAM ROWLANDSON FOUNDATION INDEPENDENT AUDITOR'S REPORT TO THE MEIIIBERS OF GRAHAM ROWLANDSON FOUNDATION No instances of material non-compliance were identified. However, the likelihood of detecting inrgularities, including fraud, is limited by the inherent difficulty in detecting irregularities, the effectiveness of the entity's controls, and the nature, timing and extent of the audit procedures perfonned. Irregularities that result from fraud inight be inherently more difficult to detect than iLTegularities that result from error. As explained above, there is an unavoidable risk that material misstatements may not be detected, even though the audit has been plaJu)ed and perfomied in accordance with ISAS (UK). A further description of our responsibilities is located on the Financial Reporting Council's web51te at: htt s://www.frc.o .uklauditorsres onsibilities. This description forms part of our auditor's report. Use of our report This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undeitaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other pury)ose. To the fullest extent pern]itted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have fonned. WMT Statutory Avditor 4 Beaconsfield Road St Albans Hertfordshire ALI 3RD Date: IS 1ts14 WMT is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditoj. of a company under section 1212 of the Companies Act 2006.
GRAHAM ROWLANDSON FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES For the year ended 31 March 2024 Unrestricted Fz4nds Expendable Endowment Total Funds 31 Mar24 Tolal Funds 31 Mai'23 Note Ineoming resources Incoming resourc&sfrom generatedfzinds.. Investment income Donation 174,196 92,304 174,196 92,304 79,617 171,883 Total incoming resources 266,500 266,500 251,500 Total resources expended 280,435 280,435 258,360 Iyet incoming resources (13,935) (13,935) (6,860) Reconciliation of Funds Total funds brought forward 16,772 3,456,463 3,473,235 3,480,095 Total funds carried forward 2,837 3,456,463 3,459,300 3,473,235 The notes on pages I I to 16 form part of these fmancial statements. The Statement of Financial Activities includes all gains and losses recognised in the year. In the prior year, all income and expenditure was from unrestricted funds.
GRAHAM ROWLANDSON FOUNDATION BALANCE SHEET As at 31 March 2024 Total Ftinds 31 Mar24 Total Funds 31 Mar 23 Note FIXED ASSETS Investments 3,456,463 3,456,463 TOTAL FIXED ASSETS 3,456,463 3,456,463 CURRENT ASSETS Debtors Cash at bank and in hand 2,752 85 16,687 85 TOTAL CURRENT ASSETS 2,837 16,772 LIABILITIES Credilors falling due within one year NET ASSETS 3,459,300 3,473,235 THE FUNDS OF THE CHARITY Unrestricted income fimds Expendable endowment 2,837 3,456.463 16,772 3,456,463 TOTAL CHARITY FUNDS 3,459,300 3,473,235 The notes on pages I I to 16 forni part of these fmancial statements. Approved by the trustees and authorised for issil on 24th July 2024 and signed on their behalf by.. bwLANDSON OF TRUSTEES 10
GRAHAM ROWLANDSON FOUNDATION NOTES TO THE FtNANCIAL STATEMENTS As at 31 March 2024 ACCOUNTING POLICIES (o) General Inforniollon uncl basis ofpreparnlioii The Graham Rowlandson Foundation is an unincorporated charity registered in England and Wales. The address of the registered office and the nature of the charity's operations and principal activities are detailed on pages E-5 of this Report and Financial Statements. The charity is a public benefit entity as defmed by FRS 102. The fmancial statements have been prepared under the historic cost convention, with the exception that investments are included at market value. The financial statements have been prepared in accordance with Accounting and Reporting by Charities Stalement of Recommended Pizcti¢e applicable to charities preparing accounts in accordance with the Financial Repoiting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and applicable UK Accounting Standards and the Charities Act 2011. The fanCIal statements have been prepared on a going concern basis. The fmancial statements are prepared in sterling, rounded to the nearest £1. (b) Slalemenl of ertsliflows The Charity has taken advantage of the exemption not to produce a staternent of cash flows. (e) Funds slrucliire The Charity holds loan stock which was gifted by Richard Graham St John Rowlandson, the income from which is wholly unrestricted. Unrestricted income fi]nds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. The loan stock was gifted as an expendable endowment which generates income for the charity in the fonn of interest. The Trustees allocate this interest in the forni of grants made to various charitable causes. Further details of these llds are disclosed in note I l. (d) Iiiconiliig rafoiirces All incoming resources are recognised once the charity has entitlement to the resources, it is probable that the resources will be received and the monetary value of incoming resources can be measured with sufficient reliability. (e) Resources pended Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all Qosts related to the category. Grants payable are payments made to third parties in the furtherance of the charitable objectives of the Foundation. Single or multi-year grants are accounted for when either the recipient has a reasonable expectation that they will receive a grant and the trustees have agreed to pay the grant without condition, or the recipient has a reasonable expectation that they will receive a grant and any condition attaching to the grant is outside of the control of the Foundation. Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include costs related to statutory audit and legal fees together with an apportionment of overhead and support costs.
GRAHAM ROWLANDSON FOUNDATION NOTES TO THE FtNANCIAL STATEMENTS As at 31 March 2024 ACCOUNTING POLICIES (CONTINUED) Irrecoverable VA T Irrecoverable VAT is charged against the category of resources expended for which it was incurred. (g) Flxed assel inveslnielils Investments are stated at market value as at the balance sheei date. The statement of fmancial activities includes Ihe net gains and losses arising on revaluation and disposals throughout the year. (li) Donalioiis Donations are reported on a receivable basi5. (i) Tnx The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragi?ph I Schedule 6 Finance Act 2010 and therefore il meets the defmition of a charitable company for UK corporation tax purposes. Q) Goliig coneerii The fmancial ststements have been prepared on a going ¢on¢ern basis as the trustees considei. that no matei'ial unceitainties exist. The trustees have considered the level of thnds held and the expected level of income and expenditure for 12 months from the date of approval of these financial statements. (k) Juélgenieiits and key soiirces of esllmalion uiicerlaility Judgements on the valuation of investments have been made in the process of applying the accounting policies. The trustees are satisfied that their valuation of the investments is faitly stated. 2, TRUSTEES) REMUNERATION Trustees received no emolumenls or expenses during the year (2023: £Nil). The trustees are considered to be the key management personnel of the charity. 3. INVESTMENT INCOME 2024 2023 Interest- loan stock 174,196 79,617 4. TOTAL RESOURCES EXPENDED Charitable Activities Stipport Cosl Total 2024 Total 2023 Grant funded activity (note 5) Professional fees Administration fees Bank charges 253,618 253,618 1,500 25,317 233.736 1,500 23,124 1,500 25,317 Total resources expended 253,618 26,817 280,435 258,360 12
GRAHAM ROWLANDSON FOUNDATION NOTES TO THE FNANCIAL STATEMENTS As at 31 March 2024 GRANTS PAYABLE Total 2024 Tolal 2023 Hertfordshire Charities 253,618 233,736 Total 253,618 233,736 Cominilments made ipt iheyear 2023 Tolol Add-vance Women in Business CAB'S The Blue Tangerine Federation Irish Network Stevenage North Herts Minority Ethnic Forum West Herts ABC & Educational Support Youth Tall( Recover Suman Sharnia Additional Needs Tennis Group Herts Disability Sports Foundation Electric Umbrella Tennis Lessons on behalf of SENSE 14,248 1,000 75,396 23,352 17,870 16,160 32,200 19,962 28,700 I,ioo 4,000 13,996 77,155 20,000 7,960 16,510 20,000 10,113 30,000 4,138 28,700 24,344 450 253,618 233,736 Reconciliation of grants payable.. Commitments at l April Commitments made il) the year 253,618 233,736 Grants payable for the year Grants paid during the year 253,618 233,736 (253,618) (233,736) Commitments at 31 March 6. AUDITOR'S REThIUNERATION The auditor's remuneration constituted an audit fee of £1,500 (2023: £1,500). 13
GRAHAM ROWLANDSON FOUNDATION NOTES TO THE FINANCIAL STATEMENTS As at 31 March 2024 FIXED ASSET INVESTMENTS Movement in fixed asset investments 2024 Cost brought and carried forwai 3,456,463 Investments gs market value comprised: Subordinated Unsecured Loan Stock 2050 (in RO Trading Limited) 3,456,463 Total 3,456,463 DEBTORS Tolal 2024 Tolal 2023 Other debtors 2,752 16.687 CREDITORS: Amounts falling due within one year Total 2024 Tofal 2023 Grants payable 14
GRAHAM ROWLANDSON FOUNDATION NOTES TO THE FINANCIAL STATEMENTS As at 31 March 2024 10. NET ASSETS Expendable Endowment 2024 Unrestricted 2024 Total 2024 Investments Debtors and cash 3,456,463 3,456,463 2,837 2,837 3,456,463 2,837 3,459,300 Expendable Endowment 2023 Unrestricted 2023 Total 2023 Investments Debtors and cash 3,456.463 3,456,463 16,772 16,772 3,456,463 16,772 3.473,235 11. CHARITABLE FUNDS Analysis ofFunds Movement Balance at l Api. 22 Incoming Resources Resotircej Eypended Balance at 31 Mar23 Unrestricted ndS Expendable endowment 23,632 3,456,463 251,500 258,360 16,772 3,456,463 Total 3,480,095 251,500 258,360 3,473,235 Analysis ofFiindy Movement Balance al IApr23 IncomiF7g Resources Resources Expended Balance ol 31 Mar 24 Unrestricted ndS Expendable endowment 16,772 3,456,463 266,500 280,435 2,837 3,456,463 Total 3,473,235 266,500 280,435 3,459,300 The unrestricted funds are available to be spent for any of the purposes of the charity. The expendable endowment produces income in the fonn of interest which can be spent for any purposes of the charity. 15
GRAHAM ROWLANDSON FOUNDATION NOTES TO THE FINANCIAL STATEMENTS At 31 March 2024 12. RELATED PARTY TRANSACTIONS Richard ?harn St Jolm Rowlandson, a Trustee, gifted the shares which were subsequently exchanged for loan stock in Rowlandson Investments Limited, a company in which the trustees, Richard th7ham St John Rowlandson and Edward Thomas Morton Rowlandson, are directors. Richard Graham St John Rowlandson and Edward Thomas Morton Rowlandson are directors of RO Trading Limited which provides administrative support to the Charity. The following transactions together with balances outstanding at the end of the period, oCcUed with companies under common control. 2024 Balance Ouislanding Value RO Trading Limited RO Trading Limited Interest on loan stock Donations 174,196 92,304 2,752 2023 Balance Outstanding Value RO Trading Limited RO Trading Limited Interest on loan stock Donations 79.617 171,883 16,687 16