Company RegiSltion Number Charity Number N1054617 103420 Rosemount House Limited Company Llmlted by Guarantee Company reports and flnancial statsmants for the year onded 31 March 2025
Rosemount House Limited Company Llmited by Guarantee Company reports and financial stalèments for the ear ended 31 March 2025 Contents Trustees annual r8POrt Ilncorporating the dlrectols report) Independent auditols report Statement of Flnanclal Activities Stslement of financlal poslllon 10 statement of cash flow$ 11 Notes trj the Flnanclal Ststements 12-17 Forth& Informallon of the tnJste8s only,. Detalled Statement of Flnancial Actlvllie8 19-20
ROSEMOUNT HOUSE LIMITED Company Limited by Guarantee Trustees. Annual Report (InGorporating the Director's Report) for the year ended 31 March 2025 The Trustees, who are also the Directors for the purposes of company law, present their report togeth8r with the audited financial statements of the ¢harity for the year ended 31 March 2025. Reference and administrative details Registered office- 424 Antrim Road. BelfasL BT15 5GA Company Registration number. Nl 054617 Northem Ireland Charity Commlsslon No.. NIC 103420 Trusteès The appolnted Trustees and Board Members who held office at last Annual Generel Meetlng, were as follows: Mr8 Murphy P (Chalrpersonl Mrs Curtis P Mrs Murray G Mr Murphy D Mr Donaldson A Dr Swegngy D Audltors stavri Chartered Accountants (Incorporallng James B Kennedy & Co,,Ltd.I 65 Edenbane Road Coleraine BT515NA Bankers First Trust Bank 1-15 Donegall Square North Belfast BT9 5GB Danske Bank Donegall Square West Belfast BT16JS
ROSEMOUNT HOUSE LIMITED Company Llmited by Guarant8e Trustees. Annual Report (Incorporatlng the Director's Report) for the year ended 31 March 2025 Structure, governan¢e and management The organisation is a charitable organisation rècognised by HM Revenue & Customs and register8d with the Chaiities Commission for Northern Ireland. As of 12th April 2005, the organisation has been registered as a charitable company limited by guarantee established under a Memorandum of Association which establlshed the objectÉves and powers of the charitable company and is governed under its Articles of Associalion. Appolntment of trustees No porson shall become a member of the company unless: {a) (b) that person has compl8t6d an application for membership in a form approved by th8 dlrectors., and directors have approvèd the appllcation. Any p6rson who Is willing to act as a dlrector, and is permitted by law to do so, may b8 appolnted lo b8 a dlrector: (a) by ordinary resolutlon, or (b) by a decision of the dlrectors. In any case where, as a result of death, the company has no members and no dlrectors, the personal representatlves of the last member to have died have the right, by notice In writing to appoint a person to be a director, For the pUrFseS of paragraph (21, where 2 or more members di6 Sn clrcumstsnces r6nderlng It uncertain who was the last to dle, a younger mernber Is de8med to have survlved an older member. Management Committea Mrs Murphy, P Mrs Curtls, P Mrs Murray, G Mr Murphy, D Mr Donaldson, A Or Sw6eney, Chairwoman (Director) (Dlr6¢torl (Director) (Director) (Dlrector) (Director) All members volunteer thair time and skill to the Management Committee, no m6mber receives travel or olh6r expenses save that where a trustee is 8n employee of th8 company, hel she Is remun8rated under the terms ofthelr employment contract. Rlsk man8gement The Management Commlttèe have considered the major risks to which the charrty Ss exposed and have revl8wed those risks and eslabllshed systemB and procedures to manage those risks. Major rtsks are identified and ranked in tenS of their potentlal Impact and likelihood. Major risks. for this purpose, are those that may havè a significant effect on the charily. Govemance and management Finance Operations Extemal Fectors Legal & Regulation compliance Risks are reviewed on an annual basis to ensure that adequate systems and procedures are in place. Whera appropriate, risks are covered by insurancè. In assessing risk thè management committee recognise that some areas of our work require the acceptan and management of risk, if our key obj8Ctives are to be achieved.
ROSEMOUNT HOUSE LIMITED Company Llmited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) for the year ended 31 March 2025 Structure. Governance and Management Assessments of need and risks of all our residents is central to our support ServIS and are aimed at determining whether or not our oruanisation and support services can properly meet the requirements of the s6Nice user. Assessments of ne8ds and risks are considered even before entry to Rosemount House and throughout the period of occupancy in that applicants must continue to meet our eligibility criteria and If not met the applicant Is referred to an altgrnative appropriate agency. The senior m8nagement team are involved In managing th8 areas of hlgh risk on an on-going basis through the Implementation of our Risk Management Strategy Procedures and Plans, to be read in conjuncvon with our Risk Register & Risk Management Supporting Plan (tha Risk Register). Rlsk Managèment Strategy Statement Und8r the "Accounting and R8POrting by Char(ties- Statem8nt of Recommended Pracllce" (SORPJ the trust8881 RH Board are required (or in the cas8 of small charllable companies are encouraged) to make a statement confirmlng that" .major risks to which the charity is exposed, as identified by the trusteeslBoard, have been reviewed and systems have been established to manage those risks." Major rlsks" are those which have a high likelihood ol occurring and, if they occur, would have a severe impact on operatlonal performance, aims and objectives or r6pLtt8tlon of the charlty. All rlsks are monltored through our Finance Manag6r through reports to monthly Board meetings. As an exampl8 of a lesser risk, to prevent stagnation or hegemony new Board members were appointed during the year. In addition to the above requirementlb8St practl¢e, "Supportlng People" INIHE) also requlre a "Fraud Action Plan. and that our documents have been approved by RH Board as part of our corporat8 govemance arrangements. All of our"Risk Management Framework Documents are examin8d by our extsrn81 auditor8 for consideration. further advices and, where required, approprlate acllon. Objectives, Actlvltlas and Charity Misslon Th& company's objectives and principal aclivlties are: To pursue the health and welfare of individuals sufferlng from alGohollsm. alcohol related diseases and alcohol related secondary m8ntal health problems within Northem Ireland (the area of benefit} The provision of support for such Individuals and thelr families The provision of residential alcohol-fre6 accommodation for such individuals with the alm of supporting the development if their full potsnlial as members of society (the target group In the area of ben8fit) To enhance protection, health and w6llbÈing of vulnerable people with the most cost-effecllve use of Supporting People resources Tha main oblectlves and acllvltlas for the year contlnued to focus upon thè pravention of the mlsuse of alcohol 2nd the recovery of those alcohol abusers. Tha strategies employed to asslst the charlty to meet these oblectives Include the following: Provide a range of setvlces whlch are reflectlve of relevant quallty Standards and address the potentlal problems related to alcohol misuse. Focusing upon Ilmiting the harm which comes wlth alcohol abuse. not only for tho individual but also their famlly, friends and the wider community. Working in partnershlp wlth other agencies to secure the widest range of services is available that best match the needs of our client populatlon, Mlssion Statement Rosemount House Committee is a reglstered charitable company established in 1988 with the aim of providing shelter and professionally supported accommodation for those seeking continuing recovery from alcohol addiction, which may also Include secondary drug addictlon with associated mental health Issues. The purpose is to obtain and maintain for our residenvs suitable independent accomtnodation and eventual re-integration within the ommunity. The "restorative" recovery programme is 18 - 24 months.
ROSEMOUNT HOUSE LIMITED Company Limited by Guarantee Trustees. Annual Report (Incorporating the Dlrectorfs Report) for the year ended 31 March 2025 Mlsslon Statemont (contlnued) The House Is njn on g8neral AA principl8s including, "the twelve-step programme of recov8ry" The principal funding SOLfrtss for the charity are currently by way of grant from the Northern Ireland Housing Executive.. the administratlng aulhority for Supportlng People services in Northern Ireland. A¢hlevements and performance This year, Rosemount House continued its mission to provlde vital support and services to those In recovery. From April 2024 to March 2025, we received 30 referrals, resulting in 12 admissions and 13 dlscharges. While thosè numbers reflect a quleter year in terms of admissions.. they also highlight the Importan of sustalned. quality care for each individual who enters our doors. As the cost-of-livlng crfsls Continues to Impact vulnerable cornmunlt16s like ourselves, we remain deeply grateful to those who support our work. The generosity of staff, voluntears, and charltable organi5ation8 ensures that Rosemount House remalns a place of safety, heallng. and recovery, Sadly, Rosemount House suffered a great loss wlth the death of one of our founders, Malachy Turley, in September 2024. Malachy was deeply dévoted to the cause of alcoholic recovery and remained an honorary board mernbar unlil his passlng at the ag8 of 95. HIS association with Rosemount lasted almost four decades, and hls influence will be missed not only In Rosemount House, but in the wider community, where he was Involved with multiple care and recovary organisations. Last year, Rosemount House took the dèclsion to s811 our prévlous homes at 294 & 296 Anlrim Road, whlch had fallen into 8 State of disrepair. Th& sale alleviat8d the financial burden of maintalnlng the properties Resldants Throughout the year, our resldents beneflted frorn a wide range ol servlces and activlties thanks to the dedlcallon of our support8rs: Health & Wellbeing Servl¢es Weekly food donatlon5 from Chick-fil-A Templepatrick Monthly podlatry vlslts from Mary at The Hub Weekly physiotherapy sesslons wlth John Foster Psychiatrlc support from Consultant Stephen Crilchlow Mental health awareness classes delivered by Mlchael McAllister Therapeutlc, Educational & Rgcreatlonal Actlvities Rocovgry workshops delivered by Davld Surgenor from The Vine Centre Creative writing and photography clubs18d by Martin & Cormao from Westcourt Centre Westcourt Centre secured, through Cormac McAirt, a significant donatlon from Clonard Monastery Walking group and park run partlclpation, a special mention to one resident who completed the Belfast City Marathon Flshing trip on a Bangor boat In June Group outing to the Grand Opera House Belfast to see Myra s Story Driving theory and counselling course5 tFirough Ashton Communlty Trust Communlty Engagement & Pastoral Support Springboard Opp5 youth visits for shared lunches and storytelling Visits from The Now Group, offering young adults with learning difficulties insight into lifo at Rosomount House Ongoing Pastoral support from The Vine Centre Sports activities through Community Sports Network
ROSEMOUNT HOUSE LIMITED Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) for the year ended 31 March 2025 Communtty Engagement & Pastoral Support (continued) School visits organised by Westcourt Centre, welcoming students from England Qulz night hosted by St Mary's School CBGS These activities not only support recovery but aSso maintain a sensg of community. purpos8 and dignity among our residents. We extend our heartfelt thanks to Supporting People, our primary funder, whose continued support ensures the sustainability of Rosemount House. We also thank North Belfast Houslng Association. our landlord. for their ongoing assislance with essential and em8rgenoy repairs. Most importandy, I want to acknowledge the unwaverlng commilment of our staff - from volunteers to managemant. Your daily efforts make Rosomount House a place of hopo and you facilltatg racovary. To thosa who have supported us this year, and to those who have moved on. we offer our deepest gratltude and best wlshes. To our resldents: Rosemount House, together with our partner5, remains steadfast In supportlng yourjourney of recovery. W8 look forward to the year ahead with hope. resilience and purpose. Patrlcla Murphy Chairperson of Ros&mount House Ltd
ROSEMOUNT HOUSE LIMITED Company Llmited by Guarantee Independent auditorfs report to the members of Rosemount House Llmlted for the year ended 31 March 2025 Opinlons on other matters prèscrlbed by the Companies Act 2006 In our opinion. based on the work undertaken in the course ofth8 audit: The information given in the Iruste&5' report for the financial year for which the financial statements are prepared is consistent with the financial statements: and The trusta8s' report has been prepared in accordance with appllcable legal requlremènts. Matters on which we are required to report by exceptlon In the light of knowledge and understanding of the chamty and its environment obtained in Ihe course of the audll, w8 have not Identlfied material misslalements in the trustees, report. W8 have nothing to report In respect of the followlng matters in relatlon to whlch th8 Companigs Act 2006 roquiros us to report to you if, in our opinion- Adequate accountlng records hav8 not be8n kept. ar returns adequat6 for our audlt have not been recelved from branches not vlsited by us., or The financlal statements are not In 8greement wlth tha a¢Gounting records or returns,. or Certain dlsclosures of trusk85' remuneratlon specified by law are not made; or We have not rec8ived all tho inft)rmatlon and 8xplanallon5 we require for our audlt., or The trustees were not entitled to prepare the flngncial statements In accord8n¢a with the small companies reglme and take advantage of the small companl&$' exemptions In preparlng the directors, report and from the requirement to prepare a strategic report. Re8pons5bllltl•s of trustegs As explained more fully in th& trustegs, responsibllities Btatoments, the trustees (who are also the directors for the purposas of company lawl arè rèsponslblg for the preparation of the financial statemènts and for boing satisfied that they giva a trua and fair vlew. and for such Internal control as the trustees determine is necessary to enablo the prep8ratlon of financlal statements that are free from m8terial mlsstatgment, whether due to fraud or error. In preparlng the financlal statements, the trustees are responsib16 for ass885ing the charity's ablllty to ¢ontinue as a going concem, dlscloslng, as appllcable, matters related to g0Sng concern and using the going conrn b8s5s of accountlng unless the truste8s èlther Intend to liquidate the charlty or to cease operations, or have no r8allstic altematlve but to do so. Audltor's résponslbllltles for the audlt of the flnanclal statements Our objectives are to oblaln reasonabl8 assurance about whether the financial statements a5 a whole are free from materlal misstatement, whether du8 to fraud or error, and to ISSU6 an auditor's report that Includes our oplnlon. Reasonable assurance Is a hlgh level of assurance, bul Is not a guarantee that an audit conducted In accordanc8 wlth ISAS (UK) will always detect a materlal misstatement wh6n it extsts. Mlsstatements can arise from fraud or error and are consldered mglerlal If, Ind5vidually or In the aggregate, they could reasonably be expected to In)luence the economic deci8ions Df users tsken on the basis ol Ihese financial statements. As part of an audit in accordance wllh ISAS (UK), w8 exercise professional judgement and m8intaln professional scèplicism throughout the audlt. We also: Identlfy and assess the risks of materlal mlsstatem6nt of the financl81 statements. whether due to fraud or error. design and perform audit procedures responsive to those risks. and obtain audit evidence that Is sufficlenl and appropriate lo provide a basis for our opinion. The risk of not detectlng a material misstatement resulting from fraud is higher than for one resulling from error, as fraud may Involve colluslon. forgery, intentional omission. mlsrepresenlalions, or the override of Internal ontrols. Obtain an understanding of Internal ccsntrol relevant to the audit In order to design audit procedures that are approprtate in the circumstsnces, but not for th? purpose of expressing an oplnion on the effectiveness of internal conliol. Evaluate the appropriateness of accounting policies used and the r&asonab16n&ss of accounting estimatss and related disclosures made by the trustees.
ROSEMOUNT HOUSE LIMITED Company Limited by Guarantee Independent auditorfs report to the members of Rosemount House Limited for the year ended 31 March 2025 Conclude on the appropriateness of the trustees, use of golng concern basis of accounting and, based on Ihe audit evidence obtained. whether a mat8rial uncertainty exists related to events or conditions that may cast slgnificant doubt on the charity's ability to continue as a going Goncgrn. If we conGlude Ihat a material uncertainty exists. we are required lo draw attentlon In our auditoffs report lo the related disclosures In the flnanclal stat8m8nts or. if such disclosures ar@ Inadequate, to mc#Jify our opinion. Our concluslons ar6 based on the audit evldence obtained up to the date of our audllor's report. However. future events or conditions may cause the charlty to cease to conlinue as a going concern. Evaluate the overall presentation, structure and content of the financial statements, Includlng th8 disclosures, and whether th@ financial statements represent thè underlying transactions and events in a manner that achieves falr pr8santation. We communicate wlth those chargèd with govemance regardlng. among other mallers, the planned scopa and timlng of the audit and significant audlt findlngs, Including any significant deficlen¢les In Int8rnal control that we 5dentlfy durin9 our audit. Loucas Stsvrt FCA (Senior Statutory Audltor) For and on behalf of Slavrl Charted Accountsnls Coleralne BT51 SNA
ROSEMOUNT HOUSE LIMITED Company Llmlted by Guarantee Statement of Flnancial Activitiès for the year ended 31 March 2025 Note Unrestricted Funds Restricted funds otal Fun 2025 Total Funds 2024 Incomlng resource5 Charitable activities Investment income Other income 284,795 1,790 114,628 324.584 589,379 1,790 114,628 550.666 3.303 10,359 Total income 381,213 324,584 705,798 584.329 Rè50urcès expended Charitable actlvitles Investment managemgnt costs 266.568 326,596 593.164 620,201 Total resources expended 266,568 326,596 593,164 620.201 Net Incomlng (outgolnglresour¢es for the year 114,645 (2,012) 112,634 (55,873) Reconclllatlon of funds Totsl funds brought foNard 193.436 193.436 249,308 Total funds carrled forward 17 308,081 (2,0121 306,D69 193,436 Th8 ststement of flnanalal actlvitl88 Includes all galns and lossas in thg year, All the above amounts relate to contlnulng activltles.
ROSEMOUNT HOUSE LIMITED Company Llmlted by Guarantee statement of Financial Position for the year ended 31 March 2025 Note 2025 2024 Fsxed assets Tangible assets 12 300 148.866 Current assets Debtors Cash at bankand In hand 13 7.528 316,995 324,523 12.152 216.978 229.130 Credltors: amounts falling due wlthln one year 14 18,754 19,279 Net currgnt agsetsl(Ilabllltles) 305.769 209,851 Total as8ets less current Ilabllities 306,069 358,717 Credltors: amounts falllng due after one year 15 Provlslons for Ilabllltle5 and charges 16 165,281 Net assets The Fund8 of tha Charlty Restrlctsd Income funds Unrestricted Funds 17 17 306.069 193,436 Total Charlty Funds 306,069 193,436 These financial statements have be8n pr8pared in accordance wlth the sp8clal provlslons for small companles under Part 15 ot Ihe Companles Act 2006. These financial statements were approved by tho trustea8 on ID and are signed on their behalf by: Mrs P Murphy Company Reglstration Number Nl 054617
ROSEMOUNT HOUSE LIMITED Company Llmited by Guaranteè stdtement of Cash Flows fr)r the year ended 31 March 2025 Note 2025 2024 Cash flows from operating actlvlties Net cash used In operating aclivilles 18 98.227 (71,100) Cashflows from inVesng activities 1.790 3,303 Cash flows generated from investing actlvities 1.790 3,303 Change In cash and cash equsvalents in the financial yèar 100.017 (67,796) Cash and cash equlvalents at beginnlng of year 216,978 284,774 Cash and cash equivalents 8t end of year 19 316,995 216,978 Analysls of cash and cash equivalents Cash at bank and on short term dapo81t'. 19 316,995 216,978 10
ROSEMOUNT HOUSE LIMITED Company Llmited by Guarantee Notes to the Fjnancial Statements for the year ended 31 March 2025 General Inforniation The charity is a prlvat8 company limited by guarantee, wlthout share capital. It is a r8gistered Charity in Norlhem Ireland and the address of the registered office is 424 Antrim Road, Belfast, BT15 5EU. statement of ¢ompllanc6 The flnanclal statements have been prepared In accordantse with the Companles Act 2006, Iha Charities Act (Northem Ireland} 2008 and Charflles SORP {FRS 102)- Accountlng and Rèporting by Charities., Statement of Recommended Practlce appllcable to charities preparlng their accounts in accordance wlth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), Accountlng pollcles Basls of pr•paratlon The flnanclal statem8nts have b88n prepared on a golng concern basis following the Board's assessmenl of Rosemount House results for the year, the year end flnanclal poslllon; the approved 2024124 budget and expect6d p8rformance for a period of at least 12 months from th& dat8 of approval of the ftnancial slat&mènts. Th8 Board b81ieves the charity has adequate fundlng In place along with the conllnuèd support from NIHE to continue In operatlonal exlslen¢e in achiavlng Its ob}èctives. Th6re15 no m818rfal uncertainty about th& abillty lo contlnu8 8S 8 golng cono6rn. Functlonal and presentatlon curren Th8 flnanclal slatemenls are prepared in Brltlsh Pounds (GBP). Thls is functional ¢urr8ncy of the charity as thè majority of funds ratsgd by the company ar8 in GBP. Judgements and key Sources of estlmatlon uncertalnty The preparatlon of th8 financlal statements requlres management lo mak8 judgemènts, e8timatss and assumpllons that affect the 8mounts reported. These 8Stim8les and Judgements are contlnually revl&wed and ar& based on expgrlences and other factors, Indudlng exp8ctatlons of fvture events that are belleved to be reasonablè under the clr¢umslan¢es. Fund accounting Unrestricted funds are avallable for use at the dlscretlon of the trustees to further any of lh8 charty's obje¢tfve$. Deslgnated funds ara unrestrlcted funds earmarked by the truste88 for particular fulure projects or commltrn8nt. Restrlcted.funds are sublect to restrfction$ on Iheir exp6ndlture dec18red by the donor or through the terms of an appeal, and fall Into one of two sub-classés- restricted Income funds or endowm&nt funds. Incoming resources All Incoming resources are Includod in th6 Statement Df financlal actlvlti6s when enlillèment has passed lo the charity,. it Is probable that the 8conDmic benefits assoclated wllh the transaction will flow to the charity and th8 amount can be reasonably measured. The following specific policies are applied to parti¢ular categories of income: income from donations or grants is recognised when there is evidence of entitlement to the gift. receipt is probable at ils amount can b6 measured reliably. legacy income Is reGDgnisgd when receipt is probable and entltlement Is establlshed. income from donated goods is measure at the fair value of th6 goods unless this is impractical to mèasur8 relisbly, in which case the value is derived from the Cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when recèived if the value can be reliably measured. No amounts are included for the contributlon of general volunteers. 11
ROSEMOUNT HOUSE LIMITED Company Limited by Guarantee Notes to the accounts for the year ended 31 March 2025 Accountlng policies (cont'd) Resources expended E%ndIture is recognised on an acorual basis as a Ilabllity is incurred. Exp8ndilure includes any VAT whlch cannot be fully recovered and Is classif18d under headings of the statement of financial aGtivities to which il relates.. expendSture on raising funds Includes the costs of all fundralsing activities. events. non-charitab16 trading actjvlties. and the sale of donated goods. éxpenditure on charitable actlviti88 includes all costs incurred by a charity in undertaking 8clivilies that further its charltable alms for the benefit of its beneficlarles, including those support costs and costs relating to lh& govèmance of the charity apportioned lo charltabl8 activitles. other expendlture includes all 6xp8ndilure that is nelthar rèlated lo raising funds for Ihe charity nor part of 6XP8ndlture on charftable aclivllies. All costs ara allocatsd to expenditur8 catègories reflecllng tha usa of the resourc88. Dlrect costs altrfbulable to a slnol8 activity are allocated direcuy to that 8clivlty. Shared costs are apportloned beeen the acllvlties they contrlbute to on a reasonable, Justlfiable and conslstent basis. Tanglble assets Tanglble assets are initially recorded at cost. and subsequently slalgd at cost less 8ny accumulated d8preciallon 8nd Impalm)ent losses. Any tangible assets carried at rèvalued amounts are recorded al the falr value at the date of revaluallon less any subsequent accumulated depreclatlon and subs6quent accumulated impalrment losses. An increase in the carrying amount of an asset as a result of revaluation, Is recognised in other recognised gains and losses, unl&ss it reverses a chargè for Impairment that hes previously b88n re¢ognised as expenditure within the slalement of financlal aclivilies. A decrease In tha caYIng amount of an asset 95 a result of revaluation, is recognlsed in other recognls6d gains and losses, except to which It offsets any pr•vlous r9valu8tlon galn, In which case the loss Is shown wlthln other recognised gains and losses on the 8tstement of financial aclivitl8S, Dèpreciatlon Depre¢ialion Is calculated as to wrlta off the c05t or valuation of an asset. less its resldual value, over the useful economlc Ilfe of Ihal asset as frjllows. Freohold buildings - Office furniture. equipm8nt and computer hardware Motor vehicles 2-5% 20-25% 25% Impairmènt of flxed assets A review for indlcators of impairment18 carrled out Bt each reportlng date, wlth the recoverable amount belng 8Stlmated where such Indicators exlst. Where the carrying valu& exceed5 the recoverable amount, the asset is Impalred accordingly. Prior impairments are also r8viewed for posslble reversal at each reporllng date. For the purposes of impairment testing, when it Is not possible to estimate the recoverablo amount of an individual asseL an esllmate is made of th9 recoverable amount of the cash-g8nerating unit to whlch the ass61 belongs. The cash-generatlng unil is the smallest that includ8S the asset and generates cash inflows Ihat18rgely Independent of the cash inflows from olher assets or group of assets. For impalrmenl testlng of goodwill, the goodwill acquired In a busines5 combination is, from the acqulsilion date, allocated to each of the cash-generating units that are expettted to benefit from the synergies of the combinatlon, irrespecuve of whether other assets or liabilities of the charity are assigned to those units. Defined contributlon plans ContribulEons to defined contribution plans are recognised as an &yp6nse in the period in which the related servtce Is provided. Prepaid contrtbutlons are TEGognised as an asset to th8 8x18nt that the prepayment will lead to a reducllon in future payments or a cash refund. 12
ROSEMOUNT HOUSE LIMITED Company Limited by Guarantee Notes to the accounts for the year ended 31 March 2025 A¢countlng pollcles {cont'd) Defined contribution plans When contrlbutions are not expected to b8 settled wholly within 12 months of the end of the reportlng date in which the employees render the related service, the liabillty 1$ measured on a discounted pr8S8nt value basls. The unwinding of the disGounl is recognised as an expense in the period in which it arises. Unrestricted Funds Rèstricted funds 2025 2024 Incomlng resources Charlt8ble actlvltles Contractual Inme {Includlng f88s) for op8rational programmes Nl Housing ExeGutive - Support Nl Houslng Executlve- Houslng Nl Housing Executlve - Additional Support Residents contrfbutio Donallons and fundralslng 318,576 318,576 204,983 6,008 43,940 15,872 589,379 300,452 184,696 12.856 46,540 8.122 550,666 204,983 6,008 43,940 15,872 264,795 324,584 Investment Income D8posIt account Interest All of th8 charivs inv88tm&nl Incc*me ar1888 from Interest bearing deposll bank aGcounts 1,790 1,790 3,303 Oth&r IncomB Grants Asset disposal 1,511 113,117 114,628 1,511 113,117 114,628 10,359 10,359 Charltable actlvltles expended Unr•strl¢t•d Funds Re$trl¢tèd funds 2025 2024 n¢ts$ Actlvitles und8rtak8n directly Support costs Govemance 155,397 106,951 4,220 266,568 23,836 291,350 11,410 326,596 179,233 398,301 15,630 593,164 246,632 860,631 12,939 620,201 Support costs Staff salaries and wages Pension costs Staff training offi costs 373,927 22,101 337,357 21,109 2,273 398,301 2,165 360.631 Govemance Auditr)rs remunetation Professional and legal. (relates to employee legal matters) 7.200 7,200 5,739 11939 15.630 13
ROSEMOUNT HOUSE LIMITED Company Limited by Guarantee Notes to the accounts for the year ended 31 March 2025 2025 2024 10 staff costs The totsl staff costs and employee benefits for the reporting period are analysed as follows: Wages and salarf6s Employers NIC Pension plans (defined contributlon banefit) 346,178 27,749 22,101 316.720 20,637 21,109 The averydge number of employees during this flnancial year were 17 (2024.. 17) There were no employees whose total benefits lexcludlng employèr penslon costs) wer8 greater th8n £40,000 In the current and preceding finanGial year. Trustee remuneration and expenses No trustees were remunerated by the charity. 12 Tanglble flxed assets Fr88hold premlses Offic8 fixtures Molor vehicle8 Total Acqulsitlon cost Balance at 2024 Addluons Disposals 296,953 23,715 27,784 348,452 1296,9531 (296,953) Balance at 2025 23,715 27,784 51,499 Depreciation Balance at 2024 Charge for period Disposals 148,386 23,715 27,484 199,585 (148,3861 (148,386) BalanGe at 2025 23,715 27,484 51,199 Net Book Value Balance at 2024 Balan¢e at 2025 148,566 300 300 148,866 300 The freehold premises relate to 294 and 296 Antrim Rd, Belfast, 2025 2024 13 Dèbtors Prepayments and accrued Income Oiher debtors 4.866 2,662 7,528 10,583 1,568 12,152 14
ROSEMOUNT HOUSE LIMITED Company Limited by Guarantee Notes to the accounts for the year ended 31 March 2025 2025 2024 14 Creditors: amounts falling due withln one year Creditors and accrued charges Tax and social securlty ¢osts Obligations to finance company Deferred proJect funds 11,233 7.521 14.370 4,909 18,754 19,279 15 Credltors: amounts falllng due after one year Bank loan Obligations to flnancé company 16 Provlslon6 for Ilabllltle8 and charges Option Fee 165,281 Ro¥emount House Ltd, has sold the propety at 294-298 Antrlm Road. Under the terms of the agreement wllh Flax Houslng A5soclation Limlted the optlon fee on the property along wth applicab16 interest charged was repaid in full. Th8 sale 18 analysed under olh8r income to the financial statements. 17 Analysls of net asset8 between funds All net asset funds are wlthout rostriGtion and th8 Trustee's are of th¢ opinion that sufflclent resources aro held in an appropriat8 fomi to enable the charity to respond rapldly to unforese6n emergency sltU8tion8. Balan¢e at beglnnlng of year Incomlng resources Resources expended Balance at end of year R&strlcted Funds Nl Housing Execullv8- Support Transfer to unrestricted funds 324,584 {326,596} (2,012) 2,012 R8stricted fund balance following 8lloc8tlon to general fund UnTestrlcted Funds General funds Transfer from r6stricted funds D8fiGt In restricted funds P024 £91.930) 193,436 381.213 (266,568) 308,081 {2,012> General fund balan following allocation of deficit from re8tri¢ted fund 306,069 Wtth effect 1 April 2025 the defi¢it in the restricted funds is to be offset to the charity's gener81 fund and future surplus be repaid to Nl Housing Executive. 15
ROSEMOUNT HOUSE LIMITED Company Limited by Guarantee Notes to the accounts for the year ended 31 March 2025 2025 2024 18 Reconciliatlon of changos in resources to net cash flow used In ch8rftable activities Net inrxjme for tho financial year 114,424 (55,873) Dèpreciation on tangible as$els Olher interest recelvable and similar Income 11,878 (3,303) {1.790) Decrease (Incrèase) in debtors Increase (decrease) in cr8ditor6 4,624 (17,240) (756) (19,743) Net ¢ash used In charitablo actlvities 100,017 (87,796) 19 Analysis of changes In nel funds Cash at bank and on short tern d8POSIt: As at 1 Aprti 216.978 284,774 Cash flows 100,017 (67,796) AS at 31 March 316,995 216.978 16
ROSEMOUNT HOUSE LIMITED Company Limited by Guarantee Th& following pag8s do not form part of the financl81 stat8monts 17
ROSEMOUNT HOUSE LIMITED Company Ltmited by Guarantee Detailed statement of flnancial a¢tivlties for the year ended 31 March 2025 2025 2024 Incoming resources Charitable actlvitles Nl Houslng ECutIVe- Support Nl Housing Executive- Houslng Nl Housing Executive- Addttional Support Residents conlribution Donations and fundraising 318.576 204,983 6,008 43.940 15.872 589.379 300,452 184,696 12,856 46.540 6,122 550.666 Investment Incomo Deposlt account Inter88t 1,790 3.303 Other Income Grants Asset disposal 1,511 113,117 114,628 10.359 Total Income 705,798 553,970 18
ROSEMOUNT HOUSE LIMITED Company Limited by Guarantee Detailed statement of financial actlvities for the year ended 31 March 2025 2025 2024 Resources expended Charitable - Houslng Gosts: Rent and rates Electricity and heatlng Repairs and renewals General expendlture Insurances Telephone and facslmlle Deslgnated, allocated costs Advertfslng and promollonal Bank charges and fees Dèprecialion 73,001 37,955 4,704 58 12,018 4,542 68.857 48,483 62.807 2.784 4.985 3,702 88 1,200 11,878 1.150 Charltabl& - Resldent malntenan¢e and support: Provlsions Residents personal development Motor and travel Healthcar6 and cleaning Finance obligations Interest Charitable donallons Total directly attrlbutable charlty co$ts 40,142 3.369 2,234 39,303 908 1,636 60 179,233 246,632 Support ¢08ts: Wages and salarie8 Pension costs Staff tralnlng Office costs 373.927 22,101 337,357 21,109 2,273 398,301 2,165 360,631 Total support costs Gov8rnanc8 costs: Audltors remun8raUon Professional andlggal. {relates lo employee legal matters Total governance costs 7,200 8,430 15,630 7.200 5.739 12.939 Expenditure on charltable activities 593,164 620,201 Investment management cost6 Net incomlng (outgoing)resources for the year 142,634 (66,232) 19