Company Registr81ion Number Charily Number Nl 054617 103420 Rosemount House Limited Company LimltÈd by Guarant88 Company reports and financial statements for the year ended 31 March 2024
Rosemount House Limited Company Llmiled by Guarontee Company reports and flnanclal statements for the year ended 31 March 2024 Contents Trustees annu¥l report {incorparalin9 Ihe dlreclorfs report) Independenl auditors report Statement of Flnanclal Activities Statement of financlal poslllon io Statement of cash flows Notes lo the Financial Slalements 12-17 For tha informallon of Ilje tnjslees only.. Detailed Slalemenl of Financial A¢tivitles 19-20
ROSEMOUNT HOUSE LIMITED Company Lirnited by Guarantee Trustees. Annual Report {Incorporating the Directorfs Reporti for thè ear end8d 31 MBrch 2024 The trustees. who ar8 a180 the dlreGtors lor the purpose of company law, prasenl Ihelr report and the1Snanclal stal&ments of the charflyfor Ihe year &nded 31 March 2024. RefeTan¢e and admlnlstratlve detalls Reglstered charity name Rosemotsnt Hou8¢ Umit8d Charlty reglstratlon number 103420 Company reglstratlon number Nl 054617 Printtipal offiee and r¢g18t¢red address 424 Antrfm Road Bèllasl BT15 8GA Trust0&8 Mrs Murphy, P Mrs Curtts, P Mrs Murray, G Mr Murphy. D Mr Donaldson. A Mr mCSwft•YI Audltor8 Jam•$ e Kanfi•dy & Ce. Ltd. Chartered Accounlanls A 1 Boucher Buslnass Park Glenmechan Rd Bellasl Banker6 Flr81 Trusi Bank 1-15 Donegall Squarè North Bellasl BTI 5G8 Dansko Bank DonegBI Square Wesl Belfast BT1 6JS
ROSEMOUNT HOUSE LIMITED Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directofs Report) lor tho year endsd 31 March 2024 SlructL5re. Govornance and Management The oroanisatlon is a charitable organtsatton cOgniSed by HM R¢venue & Customs and re9islered wllh the Chaiilies Commlsslon for Northem Ireland, As of 12th April 2005, the oroènlsallon has been registerad as a chèriiable company limited by guarantee established Under a Memorandum of Associaiion which establlshed the obleolives and powers of Ihe charitatsle ¢omp8ny and18 governed under Its Anlcles of Asso¢iaiion. Appolntment of trustees No person shall become a member of lh8 ¢ompany un1$58'. (al that person h?5 wrnpleled an 8pplicallon for membership In a lorm 8pJ>mved by ihe dlrectors Ibl dlre¢tor8 hava approved Ihe appllcatlon. Any pergon who 15 willino to act as a 1ctOr. and Is p&miitted by law lo do so, may be appoinlod io be a director., {al by orillnary resolulion. or Ibl by a declslon ol the dire¢iors. In any case where. a5 0 re5uII of doalh, Ihe compony has no m¢mb¢r$ and no dlrecioTS. Ihe pers¢ng1 r$pre¥enia15ves ol the lasl mèmber lo havè died hove the dghi, by noisc6 in wrlilng io tsppolnt a person lo ba a diT¢clor. For the purpose5 of paragraph121, where 2 or more Members dle In circvmst8nc88 rnndering It uncedaln who was the lost lo dle. a younggr member Is deèmed io hove Su1Ved on ol08r momber. Managèmènt Cornmitlètt Mr8 Murphy, P Mrs Curtls. P Mrs Murrdy, G Mr Murphy, D Mr Don8ldgon. A Mr Mcsweeney, D ChelNrJm8n (Olrectorl IDlreclo¢ (Direclorl Iolwlorl (Dlreclorl IDlr¢clorl I mernber8 volunl8or Ihoir lime and sklll to the Manag6ment Commllteg, no member ocaive8 travdl or olh¢T expenses save that ere a Iru8l•e be an employee ol the ¢ompany. hel she is remuneraie¢S under the i¢rm5 of thelr employment conlract. R15k Managoment Th8 Managemenl Cornmlllee have wisldeied Ihe major risks lo which Ihè eharfty 1$ exposed end hove rnviwad Iho¥a rf5ks and establlshed sysioms and procedures rn8naoa Ih¢6e rfsks. Major risks are idenlifled and ranked In lems of Ih¢ir potential Impa¢i and Ilkellho¢)d. Major risks. for Ihis pu088. are those th•1 may have 4 slgniI¢8nl effed on Ihe ¢harily. Goveman¢e •nd rnanBgemenl Finance Operdlions EXMl FacloTS Legal & Regul81ion eompilan¢& Rlsk5 ore led on an annual basls to &nsurè Ihai adeqwle systems ard procedures are In pl?ce. Where approprtate, rlsks aré covered by insur£nee. In a55e55ing risk the management commlllee recogn18e Ihal som8 are88 ofour work requ1 Ihe 8ccep18nce and management ol risk. if our key obleciives are io be achleved.
ROSEMOUNT HOUSE LIMITED Company Limitad by Guaranteè Tru5tees' Annual Report (Incorporating the Director's Report for the year Énded 31 Marth 2024 Structure. Govemance and Mana em•nt A88essments of need and risks of all our reSidlS Is cenlral lo our support service5 and are 81med al delennining whelher or nol our organisollon and support se>vlces properly me81 lh8 raqulramenis of the servlce user. Assessmènts of needs and Yjsks arn ¢cn8idered even before entry to Rosemounl House and throughout the period ol occupancy in that applicants musl ¢onllnu¢ lo rneel our ellgibility crilerig and sf nol mel lh¢ opplScafjl18 referred to an aliem8¢5ve oppropriale agency. Th@ sonlor managemenl team are involved In managlng the ?reas of hioh risk on an on.go5ng basls through the Implementailon of ourRlsk Mana9emenl Slrateoy Procedures and Plans, lo be read in ¢tsnjunction wlh oui Rlsk Regisler & Rlsk Msnègèm8nl Supporllng Plan Ilhe RL8k Register). Rlsk Management stral8gy Statement Under Iha"Accountin9 8nd Reporting by Ch8rilles- Slateml of RaeoMmend&d PraGllcè" ISORPI Ihe Irusleasl RH Boord are requlred lor in the case ol small charitable companiès ara enctsuragedl lo make a slalemenl confirniing Ihal" ,molor risk8 to which Ihe chartly Is exposed. es Identified by the irust¢eslBoard, have been revlewed and 8ysiems have baen establlshed to managa those risks." Major rfsks" ore those vknlch have è higli likèllhao6 ofoccurrlng ond, Iflhey occur. would hav¢ a severe Impgcl on operallonal performance. aims and oble¢llves or reputsllon of the ¢harity. All risks are monllored through our Fln8n¢8 Manager through reports ¢0 monlhly 803rd meeiings. As an exampl8 ol a lesser tlBk. io prevenl Stagnation or hegemony new Board Mgmbers were 8ppoinl¥d dvrfng Ihe year. In addltkjn to th• ab)v• reoulrem¢nVbosi pr&ctlce."Supportlno People {NIHEI atso requlre 8"Fraud Aeilon Plan. and IhBI our d¢Gurnents havo been approved by RH Board as pari Of our corporaiè governance 8rrangemenis. All oTour'Ri$k Man8gernenl Framework Documents. are examin8d by our extamal auditors for conslderallon, further advice$ and. where tequlred. appropriate a10. ObleGtlv¥$, AGtlvltle$ and Ch¥rSty Mlgslon The ¢OTnpanls obleGllves and prfndpal acllvltleg are: Th¢ wrnpanyb oblecllves and prlnc4p81 aclivitle5 8rn'. To pursue the health and Mellare of indivlduats Suffering from 8lcoholtsm, alcohol relpled diseas88 8nd 81¢ohol reloled secondary menlel heallh problems MAlhln Northern Iraland {Ih• area ol beneffll The provlslen ol support for $vch IndlvSduo1s ond Ihoir families The provision ol rasideniial alcoho[rea acGommod8llon lor such indivlduals wlh the alm of $upportlng Ihe developmenl il Ihelr full polenlial a8 mernb8r8 of soclely Ilhe IBrgel group In the areB of benallll To enharKg E)role¢lion. h&8llh and wellbeing ol vulnerable people wilh Ihe most ¢osl-effe¢liv¥ ol Supporung People resources The m$ln oblecllves 8nd 8cllvllle3 for the year contlnuad lo focus upon Ihc prcvenllon ol the mlsLJse of alcohol and ihe recovery ol those elcohol atsusers. The slmlegi88 employed lo assist lh& ch8Tily lo meel these oblecuveg include the followng.. Piovlde a ranoa of seNl¢e8 1¢h ara releeuvg of rel0t quallly sl8nd8rdg and addre8S Ihe pontIal problerns related to alcohol mlsuse. Focusing upon limillng the hami whlch ¢om8s wth alcohd abuse. nol only for Ihe Indlvldual bul 81s0 IheSrtsmlly. lrfends and the der ¢ommunlly Warklng in partnershlp 1th other ag8nd8s lo secvre tha wd88t range of 8ervice$ Is ovallgble Ihal b¢ malth the needs ol our dienl populalS0n. Mlsslon Stat8m•nt Rosemount Hous& Commitle8 1$ a reglStere<l ¢haiiiable company established in 1988 with Ihè alrn of provlthng 5heller 8nd profe5s1onally supported gccommod?l¢on for those seeklng conllnulno reeovery fmm ol¢oh¢l 8ddiclion. whleh may also Include $¢¢ondary drug 8ddi¢iion wllh assoclaled menial health Issues. The purpos8 is to obiain and mainlaln lorour SIdenl,$ sullabl8 Indepgndent accomodallon and eventual re-inlegratson nIhIn tho community. The'restoraliva. recovery PTooramm6 Is 18- 24 monlhs. The House is Mn on general AA princlpjes includlng,'the twelve-5lep programmo ol rocoverf,. The princlpal funding sour¢e$ forihe charily ar¢ GutTenlly by Wdy ol grdnt from tha Northem Ireland Houslng Executive: the adrninislrating authorfty for Supporung People Services in Northam Ireland.
ROSEMOUNT HOUSE LIMITED Company Limlted by Guarantee Trustees. Annual Report (Incorporating the DirectoVs Report) for the aar ended 31 March 2024 Achièvements and perfornlance In 2024, Rosemount House continued to open its door to those needlng assistance. This year to date, a total of 25 referrals have been made to Rosemount House, with 13 men admitted and a total of 12 discharged OV8r the period. Rosemount House has dellvered in the face of notable challenges. such as the cost-of-living crisis and rfslng costs in 81most every element of life at the house. Without Supporting People our primary funder, our landlord. North Balfasl Housing Association {NBHAI, who contlnue to make emergency r8pairs and maintain the building, and all the partners mentioned in thls report, the staff and those who have continued to support us when charlties are facing drastic cuts, we would not be able to contlnue. In the past year, we have received Input and donations from multiple groups and individuals. Our gralitude and appreciation go to all those menlion8d and everyone who engaged posillvely with the house in the past year. Food donations were made by The People's Kltchen, Musgrave Cash and Carry, Lidl and Tesco. The men's health is paramount, and congt8nt efforts ar6 made to improve everyone's physical and mental wellbeing. Services made available and partners include: Monthly health check8 by Chest, Hearl and Slroke Counsellor vlsits on a bi-weekly basis Monthly psychiatry sessions, facilitated by Stephen Crltchlow Weekly Mental Health nurse vislts Mlxed health vislts by the Hub Team, Includlng podiatry and counselling sessions From a pastoral perspective, the men also benefitted from the following: Westcourt Centre visited and involved a sGhool from England in thelr work Llnked in with the Ashton Centre, Sean Pollock has residents partlclpate In training courses- drlvlng theory elc. P8Storal Support visils from the Vlne Centre Quiz night wilh St. Mary's School St. Vincent's Sponsored Cycle for RMH Some residents took part in 8 charity boxing match We have continued to Implement our stralegic plan. Mlchael Cunningham worked hard and helped both board and staff members to prepare the plan whiGh will allow RMH to develop and achleve long-term goals. Most importantly, we would like to thank the team at Rosemount House for their dedication in the past year. W@ look forward to contlnulng ourwork with them. Patricia Murphy Chalrperson of Rosemount House Ltd
ROSEMOUNT HOUSE LIMITED Company Llmlted by Guarantee Trustees. Annual Report {Incorporating the Director's Report) forlhe r ended 31 March 2024 Financlzl review The deficlt lorthe yearwas £{55,8731 (2023 sDrplus £10,70218nd the ¢harfly fund lanCe Garrted foNra Is £193,436. Th8 Statement ol Financlal Acllvities for the year is detailed on page 11. Ra$èrvÈ$ policy and going Concern The manayemenl committee has èxaminèd tha chBril¢s r¢qulroments for reBerves in lighl ol Ihe main risks io tho organlg9110n. Most charlty funds are Spent In the short term therefor¢ fiD8nce for long term reSe2S Is at a mlnlmum. However,11 has esloblished a policy whoieby tho unr051ri¢ted funds not commlued or Invesied In fixed assets h81d by ihè Charity shttuld bp the equivalent of 3 month8 of tho 8xpendllure. The resetves ale needed lo meet the Mfjrkino capit81 requSrements of the ¢harfty. Against the background ol limlled resour$,11 ha$ conllnued to be dI1ClI lo plan and dèvelop sÉrviceÈ; our slralegy Ss io bulld reserves 250A of the 8nnu81 budgei, Ihrough planned operatlonal surpluses. Tha management ¢ornmlllee Is well aware Ihal il is unlikely Ihal the largel range can be reached for 01 least 10 ye8rs. In the short lern Ihe management commSLt8e has also conslder¢d the exient whlch existlng ¥clivilles and expendiiure could ba curtalled, shoutd the circumsiances ari$¢. Flnanelal Rlsk Managemènt Given th8 naiure ol lis opeial(on8. the ¢h4rity is nol signlficgntly oxposed to prfce rfsk. foreion exchangè risk or credll rf5k. Nor aro Ilquldity or interest ral8 risks of concem while tha charlly ha5 no borrovAngs on vh)Ich interest is ac¢Ning. Surplus lunds arg inv8sled in Iho ghort-ierm b#ftk dapogi¢ 8cctsun. Trustees. responslbllltles statement The Iw$lee$, who 8re also diro¢lor8 for Iho purp8$ ol ¢ompany18w. are responslbla Tor preparfng Ihe trusl88s' rnpori And tho ftnanclal st8lemenls In accord?n¢& th 8ppll¢gbl&18W8nd United Kingdom Accounlln9 Stondards Iunlled Kingdom G¢neralty Accepted Accounting Pr8¢1i¢e). Company lawrequiTaS the d)arily Irusleas lo preparg ffinonclal slalemen16 for each year thi¢h glva a irué and fèlr vlw ol the ul8le ¢f affa1 ol Iho ¢harflable c¢)mpany and th8 incomlng resources on pppllcgllon of re50vrGes. Inclu¢Jing lh6 incum8 and expendllure. for thal period. In praparing Ihesa ffnendal slalemenl¥. the trustees are requlred lo: select suitsbla 8ccounling pollclets and then èpply them con$lslenlly: obsaNé Iha m•lhods artd prtndples In the 8ppll¢abi¢ Ch8rf11e3 SORP., mgk¢ judggmenls and a¢¢ounting os1im8les that are roasonable 8nd prudenl,. prepare Ihe finencial sl8lemenls on the going concern basis unlass 11 Is Inapproprlale lo presuma Ihal the ch8ri¢y WII contlnue In bu$5nes$. The Irv81eas tro responslbla for keeplno edequale eGcounllng record8 that are sufflclenl lo show ond expl?In ¢hariV8 Iransaclions and disclose th asOnable a¢¢ur8¢y 01 any Ilm¢ Ihe15n8nci?I positionof the ehaiily and enable Ihern lo ensure Ihol Ihe financial 818t8menls comply Ihe Companles Ac12006. They Rre 8150 resporisible for safeguarding thtt 8SS•ts of Ih• ¢h•rfty and hence lor leklng re8son8ble steps for the prevention and detectlon ol fraud and olher Irregulartlies. Audltor Each ol lh¢ pers¢)ng who Is g Iruslee 01 the dal¢ of approval Of Ihis roport confirms IhaL so lar as they are aware. Ihere is no ro18vanl authl inlormalion of which Ihe chariW8 audllor Is unaware., and they hBve taken all steps thBi they ought to have keTh as a irusièÈ to make themselve5 aware of eny relevant audll Inlormation and lo eslablish Ihat Ihe charitS audiloris awaro ol thal Infomiallon. Small company provlslons Thls report has been ppared Sn accordance 1th the provislons appllcabla to cornpanla5 enlllled to Ihe small cornpanie5' exemptson. The Injstees, annual report was 8pproved and sign8d ort bèh811 ol thè board of Irustees by.. Trustee
ROSEMOUNT HOUSE LIMITED Company Limited by Guarantee Independent auditor's report to the mèmbèrs of Rosemount House Limited for the year en(Jed 31 March 2024 Oplnlon on the finartGial stateTnenls We havè audited Ihe financial slalemen15 of R05emounl House Limile(I Ilhe'¢harflll lor the year anded 31 March 2024 vA)i¢h comprtse Ihe st8temèn¢ of finandal adivltles liDcludlng in¢ome and expendllure account). slatèrnént of financi81 po8i(ion. statement ol cash flows anE1 related n¢te$, indudlng a summary of signiftcant a¢¢ounllng policks. The financlol reportlrvJ framework that has been appned In Ihetr PTeparaiion is appllcoble law and United Kingdom Accounting Siandards. including FRS 102 The Financial Raporting Slandard appllcable in the UK and Republtc of Ireland {United Klngdom Geneially knepled Account5no Pracllcel. ThLs rep)rt 19 made solely io lh& charilvs members. as a body, In &¢cordance with Chapler3 of Parl 16 of Ihe Companies Act 20D6. Our audll work has been undertaken so that we mlghl slgte lo the charity's members those matters we are requlfed to stalo lo them In an audilo¢8 report 8nd for no other purpose. To fullest ax1 PeTmiUed by law. we do not accèpl QT assume re8ponsibJllty lo anyone oth¢r than the ¢hartly 8nd the GhariiJls members 8$ 8 body, for our audll work, for Ihls report, or for the opinions hava lomied. In our opinion ihe nnanclal statements.. Give a trLJe and falr vlewof the 8lal6 Of ihe Charfl& affalrs as ai 31 Mar¢h 2024 and olilB Incornlng re$our¢eg and oppllcotion ol re$ources, includlng Sts Income and 6xpendilur8, for the year then ended., Have bo proparfy prépared In 8¢¢ord8nea wth Uniied Klngdom Generalty Accepted Aceounling Pra¢ll¢e; Have been prepared In a¢cord•n¢s wth the i•qulramenl8 ofthe Companles Acl 2006. Basls for oplnion Wa condu¢ied our audit in aceL)rdance wryu) Inlemaiitsnal Stond8rds on Auditing IUKI IISAS IUKII and oppCebEe law. Our responsiblllll¢$ under Ih05e slanderds are further descrtbed In th¢ auditoV$ rt8ponsibilitie3 for the audll ol the finan¢isl 8talemenls s¢¢llon ol our report. Wa are Independenl of the ¢hariiy in accordance wSlh the eihlcal requ1mentS that aro relev8nl to our audll of Ihe financlal stalemenl$ in the UK, includlng tle FRC5 Elhlc81 Standard. and tha provlslons avall8ble fo¢sm811 enlittas, In the clrcumstancas stl oul bélow, and we havg luifilled our olh81 elhlcal responsSbllllles In accordanc8 th Ihese requlremonl8. W4 balleve thot the audil evidenc8 have obtalned Is $uffl¢i¢nl ond ¥pproprfalt io provlde 8 basi5 for our oplnS0n. Conclusions rtslatlrtg to golng concern W• have nothlng lo raporl In respect ol th• followno mali8fS In MIAllon lo whloh ISAS IUKI wulre u$ 10 report lo you where: Th6 trustees, use ol the golNJ ¢oncem basis of a¢¢ounling in Ihe prepgrotlon of the llnan¢lal st81ements IB not approprfole.. or Tho Irustees hove noi d(s¢losed In Ihè ftnÉnclal slalemenls any ideniified maierfal UTKertalntles Ihal may casl slgnlfleanl doubt aboul the charflvs abllily to continue (o adopt the concern b8515 of accounlSng lor a perlod of ?1 Icasl iwcIv• rnonlhy from the date whan the financl81 stalemenls are 8ulhorised for issue. Olher Inforniatlon Thé other Inform81ion comNtBe8 ihe Inlormglton Included In the 8nnug1 report. olher Ihin Ihe Ilnan¢lal stolefflenls ond our audllorfs report thereon. The Irustees ore responsible for tho Olher InfomialloTr. Ouroplnlon on the financlal statemènls doEs no( cover the other Inlormallon and. •xctpt Lo lh¢ gxlenl olhorwi5e expllcilly staled in our raport, wo do not expws8 any of atssurance concluslon Ihereon. In connecllon th our audll of11)o Iln8ncS81 slalemenl8. our rtsponslbllli y l& read Ihe other Infomiatlon and, in dolng so. conslder whelher Ihe Inlorm81ion is m81èrlally Inconslstenl vAlh the financial siaièments orour knOedge oblalned in IhB audit 01 olh8Mise appears lo be maledally mlsslal¢d. 11 we identity 5vch material Snconslslen¢le$ or gpparenl material mlsslalements, we ara required lo delermlne wh¢lher Ihera is a m8t8Fral mlsstatement In Ihe flnanrial slatemeNis or a rnalcrTo1 misslalemenl ol Iha olher InloTmailon. If. based on Ihe work we have perfomi¢d, ¢on¢lud¢ Ihal there Is 8 maltri81 misstalemenl of Ihl$ Information. Me are reou5red to report that f¢¢l. We have nothlng tg report In Ihis wg#rd.
ROSEMOUNT HOUSE LIMITED Cornpany Lirnited by Guaranlee Independent auditorfs report lo the members of RosemoLrnt House Limited for the year ended 31 March 2024 Oplnlons on olher matters prescribed by the Companles AGt 2006 In our oplnlon, based on the WO undertaken In the course ol the audil,. The Infomiation glven in the Injsteas, report lorlhe finanr#al year lorwhlch Ihe finanpAal statements are prsp8red is conslslenl th the financial statements: and The trustees, ieport has been prepared In ac¢ord8nca LSith appllcable legBI reoulrements. Mattors on which wè aro requlrad to report by exceptlon In the light of knovAedgè and undérslandlng of ihe charity an¢ It$ 8nvlronm¢nl obialned In the Grge ol the audlt. hav• nat Sdentlfled materlal misstaternenls in Iha Irusle8s' report. We have nolhlng lo report In raspect of Ihe lollong rnalier5 In relallon to whlch thé Companle3 Act 2006 requlres US to TOPOrt to you If, in our opinton.. Adeqyale accol1ng records have not bean kept, or reiurns 8dequale for our audit have nol been recelved lffjm branch83 not vlslled by us.. or The fln8no581 siaiemenls are not in agreement wlth the aceountlng reoord5 or relum8: or Certaln dlsclosures of trustees. remuneration sp&eifiéd by law are not made- or W¢ hav¢ not r1Ved 811 tho Infomiallon 8rtd explarnaiions wè requlrg forour audll: or The twslees wer¢ nol enlllled io pr$pare Ihe finanri818ia16monts In occord£nce wilh lh& small companles reglme ond lake advantage of the small companles. exernpllons in preparln9 the dlrectors, repart and Irom Ihe raquirarnent lo prepare a $iraieglc rtpDrt, Re5ponslbllltles of trustees A$ explained more fully In the Iruslees. rogponsibiliti8s sl¥lemtsnl6, Iha Irutslees (who are also Ihe dlT8cloYs lor tho purposes of company lawl are responsibl8 for tha preparallon of the financial 5talemenl8 8nd for balng 5allsfl8d that they glve a true 8nd falr vlew, and lor such Intemol ¢onlrol as ihe trusl¢e8 deiemina Is ne¢e6sary lo enable Ihe preporaiion ol firtlndal ¥lalements Ihat a free from maieri81 missMent, wthether due to fraud or error. In prepadnu ihg finan¢ial 81818rnents. Ihe Iruslees are resp¢n51blg lor assessing Ihe charill$ eblllly lo conllnua a5 a golng eoncern, dlscloslng, as appllc8bl8, matlers related lo going con¢¢m •nd u$lng the golno cancem basls of acoourtlng unless the trustees ¢llh&r Intend lo liquidate the ¢harily or lo Ggase operollon6, or hove no r88listfc a119maiive but lo do 80. Audltor's re6ponslbllllleg for the audlt ol th• tTnanclal statèmènts Otsr obj¢¢llves aro to obtain Teasonable assurance about thether Ihe fin8n¢i81 $18lgmtrnts as a wthole are free from malerfal mlsslatement. whelher due lo (raud of ermr. and to issue an audll¢rfs report Ihal Includes our opinion. Reasonable ossuran¢¢18 high level ol assuron¢o. bul 1$ not a guar8nlee thal an audll conducted In accordance wilh ISAS IUKI wll 81vdy8 delecl a materfèl MIS5ternent then 5t exlsts. Mlsstatemenls can aris8 from frdud or error and are con51dered m8teJlal11, individually or In th8 aggregate. Ihey Could reasonably be expe¢led to influence thè aconomlc deol$lons ol users taken Dn Ihe basis of Ihesa flnonclal 1otemenl8. As part of an 8udlt In 8ccordance th ISA8 (UKI. wa •x•rclse profasslornal ludoernent 8nd maintain prof8$8ional seepllctsm throughout the audiL We also.. Idenllfy and assess the Yi9ks of mBterfBI rnisstaiamènl ol thè nnanGl¥l ¥18lements, vthelher due io fraud or error, de$lgn and perfomi audlt procedures iesponsivc 1¢ Ihose risk8, 8nd tsblain audit eVIden thal Is sulfl¢ient and appropria1& lo provide a basis for o¢Jr oplnlon. The rfsk ol not deiectlng a materlal MISSleMaNt resuttino Irom fraud Is hlgher than for ona resulling from error. as fraud moy Involve colluslon. forgery. In1¢3nllonal ornission, Misrep sentolions. or the overrfda ol Internal ¢onltoJ8, Obtaln an underslandlng ol inlemal control rel8vanl to Ihè audll In order lo desl9n audit procedures Ihal are apwoprlale tn the drcum51ances. but not foT tha purpose ol expres$ln9 an ¢plnlon on ihe effecilveness of Inlemal control. Evaluale Ihe approprlaleness of Bccounllng policies usèd and tha reasongbleness of 8Kounling eslimales and relate(I dis¢losures made by Ihe Iruslees.
ROSEMOUNT HOUSE LIMITED Company Llmlted by Guarantee Independent auditovs rèport to the members of Rosemount House Limited for the ear ended 31 M8rch 2a24 Conclude on the 8ppropii818ness of ihè tnJ8lees' use ol golng concern bas15 of a¢counllng and, based on the audil evidence oblalned. ¥thelher a material uncertainty exists related lo events or conditions Ihat may ca$l s1gnlfinl doubl on th6 charitl$ abltY lo continue as a golng ¢cn¢ern.11 we concfude that a m816rial uncertainly exisls. we are requlred to draw attènilon in our auditorfs report lo Ihe rdaled dlsclosure5 in Ihe financial statements or. If such dls¢logure9 are tnad6qval&, to modlfy our oplnlon. Our condusions are based on th¢ audit evidence oblain8d up to the date of our audltor's reporL However. future events or condilions may causé Ihè chÈrilv lo ¢oa5e lo continue as a qoinq concem. Evaluale Ihe overall psenliOn, 8tru¢lur6 and conienl gf the financlal st8leTnents, Including the disclosur85. and ether tha financial slaMentS repr¢senl lh¢ underlying transactions and evenis in a manner thaL a¢hleves fair PSenti0Th. We communlcale Ihose Charged th govemance iegarding. among other meiiers. Ihe planned scope and tlmlng ofth& audlL nd slgnlficanl audlt findlng5, Including any significant d8fiet?n¢le3 In Inlemal conlrol th81 we idertlify during our audit. J8m nedy FCA IS•nlar Sialutory Audltorl F¢ro James Co Lld Chorter¢d occountanl & s¢alulory audllor Unlt A1, Bou¢hér au81n3 Sludlts8 Glenmo¢han Plo¢e Bell831 BT12 6a on beh of
ROSEMOUNT HOUSE LIMITED Company Umlted by Guèranteè Statement of Financial Activities for the year ended 31 Marth 2024 Noig Unrestricted Funds R?slriclèd Total Funds funds 2024 Tol81 Funds 2023 Ineomlng resources Charitable activities Investmenl incomè Other In¢om& 250.214 3.303 10.359 300.452 550,666 3,J03 10,359 526.103 868 1,271 Totsl incom8 263.877 300.452 564.329 628,242 Re$ourc8$ expgnded Chsritsble aclivllies Investmenl management costs 296.207 323.994 620.201 517.540 Total re$ourc8s 6xponded 296.207 323.994 620.201 517,MO Net inaornlng loutgolng resouroes for the ear 132,3301 123.5421 55.873 10.702 Raconoillalion of funds Total funds brought fowdrd 341.238 191.9301 249.308 238,807 Total funds carrièd fonKard 308,908 115,4721 193,436 249,308 Th8 stAlemenl of Ilnan¢lal Bcuvlues In¢ludes 011 galns 8nd108se8 In Ihe ye8r. All Ihe abovè Jmaunts relatè to ¢ontlnulng odlvllles.
ROSEMOUNT HOUSE LIMITED Company Limited by Guarantee StatÈmÈnt of Financial Position for the earended 31 March 2024 Noie 2024 2023 Fixed assets Tangible a$s8ts 12 148,866 160.744 Current assets Debtors Cash al bank and In hond 13 12,152 216.978 229.131J 11.396 281.471 292.867 Creditors: omounts falllng due wSthln one yèar 14 19.279 39.022 Net current assetsl(IiBbilitiesl 209.851 251845 Total asséts less current liabilltles 358.717 414,590 Cradltorts.. amounts falllng due aftèr yèar 16 Provislons fpr liabililios and charges 16 165281 165,281 Net assats 193A36 249,308 The Funds of the Charlty Resiricied Inujme lunds Unrastrfcled Funds 1 115,4721 308.908 191,9301 341.238 Tolal Charity Funds 193,436 249.308 Th858 ffnancial slatam8nts h8ve been prapared In accordanea wilh Ihe $peclal provlslons for sm811 companies under Part 15 of the Companias Acl 2006. The99 finaal Blatements were Bpproved by the tru51885 on [0 and 8r¢ sana on th&ir behalf by.. Mrs P Murphy Company Ragistrallon Number Nl 054817 10
ROSEDAOUNT HOUSE LIMITED Company Limitod by Guaranlee Statement of Cash Flows forthe yèar ended 21 March 2024 Nota 2024 2023 Cash flows from operating #etivitie8 Net cash ustd In operatlng 3ct6vitle5 67.798 8,5[) Ca5hftiJws from invasllng t[VItIeS 3.303 Cash flow5 genertled from invasts"n ocllvllles 3.303 Chang8 In cash and cash equivalents Sn tha rinancial ye8r 164.493 17,6321 Cash and cash eouivalenls at b Innln or 21 281.471 289.103 Cash 8nd ¢ash equlvalents at eJ)d of year 21 216.978 281.471 Analysis OF cash and GBBh equlvalents Cash al bank and on short term depo$lt: 21 216.978 281,471 11
ROSEMOUNT HOUSE LIMITED Company Limited by Guarantee Notes to the Financial Statpments forthe yearended 31 March 2024 General infom)ation The charily Is a prlvate ¢ompany Ilmiled by guar8nteo. thout $hare ¢apll81. It Is a reglsitred Charily In Northem Ireland and the 8ddSS ol lh8 Tegisleied office is 424 Antr(m Road, Belf881. BT15 5EU. Statement of compllan¢• The financlÉl statements hav& bgen t)repared In accordan vAth the CoMpar)l&s Aet 2006, th8 Chprflie5 Act {Northem Ir&land} 2008 snd Chllrlllos SORP {FRS 1021- Accountlng and Reporttng by Charilies- Stathent of Recommended P¢11¢6 appllcable lo charftles preparlnu Ihdr a¢¢ounts irt a¢¢¢rdanca ry1h the Flnanclal Reporting Standard applieabl8 In the UK and Republic ol Ird¥nd IFRS 102). Accountlng poli¢ies Basls ef preparation The flnanclal statemenls have bsen pr¢pared on a golng concern bBsls follng the Board's a5Sè5srnenl of Rosemounl House rÈsullS for the year the year end financial poslllon: the approved 2023124 budg6t and expected performan¢e lor a peri¢<l 0181 least 12 monlhs from the dale of approval of the llnandal siaiernents. The Board balievas thè eharlly has adcqvale ftjnding In place alon9 lIh Ihe conllnued support from NIHE ta eonllnve in operollt)nal &yi8t8neè in achiavlng Its oble¢llve$. There Is no m81srf•l uncertsinly about Ihe Jbillty lo conllnue os a going ¢oncem. Functlon41 and presentation currency The ffnan¢l81 Stalemen are prep8red in 8rili8h Pounds IGBPh Thls Ls funcli¢no1 curren¢y Qf the charfly ay Ihe rnalwlly ol funds rals•d by Ihe ¢omp8ny are In G8P. Judgement8 and key sources of estlmatlon UnrtaIntY nie preparallon ol the finan¢lal $181¢menls requSr68 managamenl lo mak¢ ludgemenls, esilM8tes and assumplions Ihai affecl the Dmounls roported. These estimat and ludgarnent5 are corbllnually revlewed and ara based on experlenc88 and other fa¢¢ors, indudlno expectÈ¢tons ol lulure events Ih81 ar8 beliaved 10 be reasonable under the drcumslancag. Fund att¢ountln9 UThrnstrtciéd lurtds or¢ ovalloblts for usè 81 thè diseraii¢n ol Ihe truseS to lurth¢r any ol ih& charitys Obje[V$s. Ooslgnatad funds aft unrestrictsd fund8 èamarf¢ed by the Irustees lor panlcular luiure proje9 or commltmenl. Reslrfi¢led fun(15 tre 8ublect lo re51rlc(lon8 an Ihdr exp8ndlluM daclarèd by Ihe donoror Ihrouoh Ihe of an appeal. and fall Into on8 ol sub.cla888$'. w81rf¢18d Inme lunds Qr end0ment lundÉ. Incoming resources All Incomlng resource8 8re Included In the slatemant ol finandal actlvllles vhèn ¢nllUemenl ha8 P868ed lo Ihe charfly,. it is pwb8ble thai the economlc benellls a5sodaled wilh Ihe Iransaction 11 flow ta the ¢harfty the ¥rnouni ¢an bo r8èso#ably measured. The lollmiryng $pe¢ifiG poli¢ies are applied to partl¢utar categories ol Income.. Inc¢mo Irom donallons or grants is rec<)gni$ed en Ihere is evldence of enllllement to iha gift. receipl 1$ probable gnil Irs 8mounl can be measured reliably. legÈ¢y Ineome Is r¢¢ognlsed vthèn re¢eipl is probable and entlilemenl Is e5tab115h8d. incorne ITOM dL)nated goods Is measure 01 th? f¥lr value ol the goods unle8S Ihls Is lrnpracilrAI io measuro re118bly. In ease the value Is derived from the ¢osl lo the donor or Ihe estlmated resale value, Donoled f801iiles and servlces are regniSed In the accounts then reeelved 11 the v81Je be reliably measured. No 8mounls are Includedlor iha conlribullon of general voluntaers. 12
ROSEMOUNT HOUSE LIMITED Company Llmlted by Guarantee Notès to thé accounts for thè ar endad 31 March 2024 Aeeountlng polleles leont'd) Resourc8s exp8nd8d Expendilure18 recognlsed on an accrual basis as a liabllily Is In¢urred, E%pendllur6 Includes any VAT thich cannot be fully recovered 8nd Is dassified under heathings of the stalement of flnanclal acllvllles to whlch It rel8les- expendliure on ralslng funds Sncludes tho costs of all fundAising activities. èvents, non-¢harit8ble trading aclivitias. and the Sale of donated goods. expenditure on ¢hwll8ble actlvllles Includes all $1$ Incurred by a Charity In undertaklng acllvltles that further Its charitabla aims for Ihè b8nefit of Ils benelJdarte&, Includlng Ihose support Cogis and costs rnlatinu to the goveman¢e of Ihe charily apportioned to charitsble acllvltles. other expenditure indudès all èxpendlluro Ihol 1$ ne5trer rel*led lo raising funds for the charily nor part of bts expendllure on chadtsble acllvilles. I costs ore ?Ilocat¢d lo tsxpendllure cal¢gorfes relTecllng Ihe use ol ihe re8ouTces. Oirect costs altrlbutAble lo 8 slngl& aetlvlty are allocoled dlre¢lly lo Ihol ocllvlly, Sh8r¢<l costs are apportlonad bethèn the actlvllles they contrfbule to on 8 Teosonable. jvstifiablo ond consistent basis. Tanglble ossets Tonglble agsels are Inlllally racorded al cost. and SLrbsequènlly st¥ted al cost l•$s any e¢cumvlat¢d depredallon and impalrrnenl losses. Any tanglble as$¢ls carrled al revalued amounls are re¢orded ai tha fair value at Ihe dale of revalualk)n less any subsequent a¢cumul8led depre¢l8tion and subsequenl 8ccumulaied impairnient losses. An Increase In Ihe cBYrylng amount ol on asset 05 o resull ¢1 revalualltsn. 1$ recogn15ed In olhpr recognlsed galns and losses. unless11 reverses a tharg¢ for impairrnenl Ihgl h8s previously been re¢ognis¢rJ 8$ tr¥p$ndllure 1h1n Ihe statemenl ol fmanclal OGllvllles. A dec?$¢ in Ihe cerryin9 amounl of an as$et as 8 re¥ull of revoluatlon, 18 recognlsed In other cognIsed galns and losses. exp1 lo 1¢h It offsel8 any prevlous revaluolion gain. in whi¢h cos& Iht le48 ig shM Wlhln olher recogn15ed galns and losse8 on the stsiemant of financial aciivilies. DeprgGi¥tion Depreclallon Is ¢alcul8led 89 lo wjlle off the ¢osl or valuaiion ol an as88t. less its r8sldual vslue, over IhE u59lul eGonoml¢ Ille of that asset as follows.. FeaId buildin98 - Off5c6 lumllure, •qulpm8nl and cornputgr hardMre Motgrvehl¢le6 2-5% 20-25Y 25% Impalrment of fixed assets A revièw lor Indlcators ol impalrmenl Is ¢arrfed aut 91 e8ch rep)rtlng dale. wilh the recoverable 8meunl being esiimaled ¢ such indi¢olors exlsl. Where the ¢grrylng vglu¢ exceeds the re¢overabie amount, Iha assel is impaired accordlngly. Prlor Imp8lmients are also revi8w8d for possibla iaversal al each raportlng dÈt4 For the purpo8¢9 ol Irnp8iment leslmg, %then11 is noi p08s1ble io esllrn8 the recoverable amount of on IndIVal assel. an ¢81im81e 1$ m8da ofihè re¢oveiablè amount ol the eash.gern8rallng unil io wh5ch the assel belongs. The ¢agh-9eneraling unil 18 Ihe smallesi Ihal Includes the asset and 9enerale8 C8sh Inflow8 thai laro81y Independent of the ¢8sh lThfflows from olhur aS58ts orgroup of a55el$. For tmpelment lesllno of goodwll. the gLxJdwill acqulred in a business comblnatlon Is, frorn Ihe gwulsllton d81¢. allo¢ad lo each of the cash-generallng unlts thai are exp8Ct8d lo benefit from the syneryles of the cornblnallon. Irrespective of vthelher olher agsels or liabililies of Ihe charily 8r& gsslgned to those unlls. Defined contribution plan3 Conlributlon5 to defined contribulion plans are recognlsed as on expense In Ihe period In whlch Ihe lated $ervl¢e Is provlded. Prepald coniribuiions are recognised as an a8S$t to tho extent that Ihe prepRymenl wlll leBd to a reductlon In hjtttrè paymenfs or a cash relund. 13
ROSEMOUNT HOUSE UMITED Company Ltmlied by Guardnlee Notes to the accounts lor the yearended 31 Mar¢h 2024 Aeoounting policÈg$ l¢ont'dl DEfined contrlbutlon plans When coniribulions are nol expected lo ba saltlèd uhoJlyvdilhSn 12 monlh5 of the end of the reportlng dale in whl¢h ihe employees rendèr lh8 relai¢d $ervloe. the Ilablllly Is measured on a digcounted present value basls. Thè unwnding of th8 di5counl is recogn15ed 89 an expense in Ihe periocl In whl¢h 11 arises. Unrèstrlcted Fund8 Restrfcted funds 2024 2023 Incomlng reseurG•s Charitable actlvitles Conlr8clual Incoma lineludlng fees) for operallonal programm88 Nl Hwslng Exe¢ulive- Support Nl Housing Exe¢u1i- Housino Nl Houslng Exec¢Jlive- Addlllonal Support Resldents coniribuiion Donalitsn$ and fundrnisirtg 300,452 300,452 184,696 42,8S6 46,S40 8,122 550,666 305,046 159.304 3.402 45.615 12,735 526,103 184.896 12,856 46.540 6,122 250,21 300,452 Investment Income 08posll accounl inlwesl All ofthe charflys Inveslmeni Irrfomé Erfaes Irom inlaresl besrfng d¢po$ll a¢u15 3,303 3,303 868 Other Income Gronls 10.3sg 10,359 1,271 Charitable ACtivili•s expended Unrestrtcled FundG funds 2024 2023 Aciivi1188 undertaken dlre¢tly Support ¢081s Govemane8 224,286 65,823 6,099 296.207 22,346 294.808 6.840 323,994 246,632 360,631 12,939 620.201 160,404 349.446 7.e90 517.540 Support costs staff $81artes and wages Penston costs st8ff Iralnlng Office casls 337,357 21,109 328.767 19.984 2,165 360,631 2.695 349,446 Goverft8nGe Audltors r8rnunerallon Profe5slon81 and legal 7,200 5.739 12,939 6,600 1,090 7,690 14
ROSEMOUNT HOUSE LIMITED Company Llmlted by Guarantee Notès to thÈ accounts for tha r endÈd 31 March 2024 2024 2023 10 Staff costs The loial $tsff costs ond ernployee b¢nefrts for the reportlng period are analysed es follows: Wages and salaries Employers NIC Pension lans 314,323 23,034 21.109 306,130 20,637 19,984 defined contribuiian n&fil) The averdge number ol employae6 during this fin8n¢ial yearwerè 1712023: 171 There vRre no ernployee5 lotal benefi15 (excludlng employ8r penslon costs) were grealeT than £30,000 In the current and preceding finandal year. Tru¥tea rernuneration and oxpons¢8 In the year unrJ8r rtsvlrew no truslees were remun$raie¢J by the charfty. 12 Tangible fixgd assets Freehold promis¢s orrieg fixlures Motor vehkbs Total Acquisition cost B818nce at 2023 Addltlons Dlsposal8 296,953 23,715 27,784 348.452 Balanae at 2024 296,953 23,715 27,784 348,452 Depreciation 88lan¢e &12023 Charge for perlod Disposals 136,SO8 11,878 23.715 27.484 187.707 11.878 Balanee at 2024 148,386 23,715 27,484 199,585 Net Book Valué Balance ai 2023 Balance at 2024 180,444 148.56 300 300 160,744 148,866 Th8 freehold premJ6è8 relala lo 294 and 296 Anlom Rd. Belfasl. 2024 2023 13 Dèbtor4 Prepayments and accruad incom8 Olhwdebiors 10.583 1.568 12,152 8,000 3,396 11,396 15
ROSEMOUNT HOUSE LIMITED Company Lirniled by Guarantee Notes to the ¢ccount5 for the year ended 31 March 2024 2024 2023 14 Credltors: omounts falling due wlthln one year Creditors and accrued d)arg8s Tax and social srity costs Obllgall¢ns to finance Company Deferred project funds 14,370 4,909 29.902 9.120 39.022 19,279 15 Créditors: amounts fallSng due after ono year Bank loan Obllgallon8 10 finant¢ ¢ompany Provisions for liabilliies and charyes Opllon Fee 165,281 165.281 Rostsmount House Ltd. had en¢ered into an agreement Flax Houslng Asso¢l8llon lo seeurè a partnefshlp th th8 Ovtoll olm lo esl8bJish a newwomet)s h051el. Under Ihè tam)s ol the agreement the limelrame for the Oplicn lo pui¢has¥ has lapse(J nd tho funds ar6 ropayable. The full opllon cost and ass¢clal¢d fee8 have bean sel aslde under Ihe ¢haritys nel assels. 17 Analysis of net assèts bgtw¢en funds All not ossot fund5 are wlhout SIr1ellon and Ihe Trustee's are of Ihe oplnlon that $uifi¢ienl resources are held in an appropdate form lo eneble Iha charity lo respond rnpldly io unforeseen emergenty siluallons. Balanco at b•glnnlng of yèar Incomlng ra8ourc88 Resourc¥s exponded Balanc• at ènd of year 78 Restricted Funds Nl Housing Execullve. Support 191.930) 300,402 1323.8941 {115,4721 19 Unr•strlet•d Funda G•n•ral furt*y8 341.238 2e3,877 1298.2071 308,908 16
ROSEMOUNT HOUSE LIMITED Company Llmlted by Guarantee Note5 to the accounts for Ihe epr ended 31 Mar¢h 2024 2024 2023 20 Re¢onciliation of changes In resources to net eksh flow used In charltabl• actÉvities Net incorne lor the Ilnan¢lal year 155.8731 10,702 DepreCIaOn on lan9lble gss&1s Olhar iniarest rece>vable and slmllor In¢orne 11,878 13,3031 11.878 18681 Oecre8se {In¢rea8el In debtor8 Increase Ide¢rea88) in credlio 17561 119,743) (9,0181 {21,1941 N?t cash used In charltable actlvlties 167.7967 (8.500) 21 Analysis of Ghang•$ in net fund8 Cash al bank end on short term deposit.. A8 811 Aprfl 281.471 289.103 Cash flows 164N931 17.8321 As at 31 March 218.978 281.471 17
ROSEMOUNT HOUSE LIMITED Company Limtl¢d by Guaraniee The lollowSn9 pages do nol form part olihè fin8n¢lal¥l8temenls 18
ROSEMOUNT HOUSE LIMITED Company Llmlted by Guèrantee Detailed statement of financial activities for the year ended 31 March 2024 2024 2023 Incomln Charitabl• activities Nl Houslng Exe¢utivo- Support Nl Hauslng Executlve. Houslng Nl Houslng E¥ecullve-Afldilional Suppart RIdentS conlrlbullon Donallons and lundrais5ng resources 300.452 184.696 12.856 40.540 6.122 550,666 305.046 ISg.304 3,402 45.61 12.735 526.103 Inv¢slmonl Income Deposll account Interest 3,303 868 Other incomè Grants 10.359 1.271 Total Ineame 564,329 528,242 19
ROSEMOUNT HOUSE LIMITED Company Limited by Guarantse Det411ed statement of financial actlvltles for tha yèar Éndad 31 March 2024 2024 2023 Resources expBnded Charltable. Houslng costs: Renl and rates Electn'cily and hèaling Repalrs and new818 General expendlturo Insurdnces Telephone and facsimile Deslgnaled, allocaied costs Advert151ng and promotlonal Bank ¢h8rge8 and 1688 Depreclalton As5Qt di5PO$81 6B.857 4B.483 62.807 2.784 4,98S 3.702 63,697 25.127 12.994 116 875 3,503 88 40 1,180 11.878 1.200 11.878 Charltsble- Resldent malntenAftcÈ and support: Provlslons Resid8ntg personal dovelopmenl Motor and travel Healthcare and clean5n9 Finance obllg8llon$ inleresl Chgrtlgble lonoilons Total dirédly attributsbla charlty costs 39,303 908 33,493 1.192 2,461 3.789 1,636 246,632 160,404 Support C0818: Wages ond salaries Penslon co3ls Slolf Ir8lnlng 01¢8 ¢osts Total support costs 337,357 21,109 326,767 19.984 2,165 360,631 2,895 349,446 Govemance eosi$'. Audltors remuneratlon Professlanal 8nd legal Total governancè eosts 7.200 5,739 12.939 6,600 1.090 7,690 Expendlturo on charitable actlvltles 620,201 517.540 Investment managemont costs Not Incomlng loutgolnglresources for the year {$5,8731 10.702 20