Registered number: $C600162 Charity number: S$C048464
THE ROONEY FAMILY FOUNDATION (A Registered Charity and a Company Limited by Guarantee) UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
THE ROONEY FAMILY FOUNDATION
(A Registered Charity and a Company Limited by Guarantee)
CONTENTS
| Page | |
|---|---|
| Reference and Administrative Details ofthe Charity, its Trustees and Advisers | 1 |
| Trustees’ Report | 2-4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| NotestotheFinancialStatements | 8-12 |
THE ROONEY FAMILY FOUNDATION
(A Registered Charity and a Company Limited by Guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 JUNE 2025
Trustees
P A Rooney, Chair C Rooney D J Lench
Company registered number
$C600162
Charity registered number
SC048464
Registered office
Level 5 9 Haymarket Square Edinburgh EH3 8RY
Accountants
Warrener Stewart Chartered Accountants Statutory Auditors 43 Harwood Road London SW6 4QP
Bankers
Barclays Bank UK PLC One Stanhope Gate Mayfair London W1K 2AF
Solicitors
Morton Fraser MacRoberts LLP Level 5 9 Haymarket Square Edinburgh EH3 8RY
Page 1
THE ROONEY FAMILY FOUNDATION
(A Registered Charity and a Company Limited by Guarantee)
TRUSTEES' REPORT
FOR THE YEAR ENDED 30 JUNE 2025
The Trustees present their annual report together with the financial statements of the The Rooney Family Foundation for the year 1 July 2024 to 30 June 2025. The Annual Report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of lretand (FRS102) (effective 1 January 2019).
Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
Governing document
The Rooney Family Foundation is a charitable company limited by guarantee, incorporated on 15 June 2018, and registered SC048464 and company number SC600162.
The charitable company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1.
Recruitment and Appointment of Directors
The directors of the company are also charity trustees for the purposes of charity law and under the company's Articles are responsible for the management of the business of the Foundation.
Any person who is willing to act as a director, and is permitted by law to do so, may be appointed to be director by ordinary resolution of the members or by a decision of the board of directors.
New directors first have a meeting with the Chairman who explains the history and aims of the Foundation, together with an explanation of the governance of the Foundation.
Objectives and activities
a. Policies and objectives
The company's objectives and principal activities are as set out below:
The charitable purposes are (a) the relief of those in need by reason of age, ill-health, disability, financial hardship or other disadvantage, with a particular focus on enhancing the lives of children and young people; (b) the advancement of education; (c) the advancement of health; (d) the saving of lives; (e) the advancement of public in sport; (f) the provision of recreational facilities, or the organisation of recreational activities, with the object of improving the conditions of life for the persons for whom the facilities or activities are primarily intended: (g) the promotion of equally and diversity; the advancement of environmental protection or improvement; and (h) the advancement of animal welfare.
These objectives have been met during the year as set out in the achievements and performance section below.
Page 2
THE ROONEY FAMILY FOUNDATION
(A Registered Charity and a Company Limited by Guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025
Achievements and performance
a. Main achievements of the Charity
In the accounting period, the Foundation received donations of £70,000.
The income received in the year enabled the Foundation to grant charitable requests giving a total figure of grants distributed of £80,000 for the year. A full analysis is provided in note 4 of the financial statements.
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
b. Reserves policy
The activities of the charity are funded by the kind support of the Rooney family. The charity passes on as much as possible to the charitable purposes and therefore makes grants in line with the level of donations received.
There are no employees or ongoing obligations of the charity other than legal and accounting fees. Any cash reserves are kept on an interest bearing account in order to provide additional funds for the Foundation.
Structure, governance and management
a. Constitution
The Rooney Family Foundation is registered as a charitable company limited by guarantee and was set up by a Trust deed.
b. Methods of appointment or election of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
c. Organisational structure and decision-making policies
The Foundation has a board of directors that meets regularly throughout the year and is responsible for the strategic direction and policy of the charitable company.
Page 3
THE ROONEY FAMILY FOUNDATION
(A Registered Charity and a Company Limited by Guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025
Statement of Trustees‘ responsibilities
The Trustees (who are also the directors of the Charity for the purposes of company law) are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
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e select suitable accounting policies and then apply them consistently; e observe the methods and principles of the Charities SORP (FRS 102);
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e make judgements and accounting estimates that are reasonable and prudent;
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° state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
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° prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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A ed by, order of the members of the board of Trustees and signed on their behalf by:
ench
“Director
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7
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Date:(oxS |3 |Lb
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eeee ’*: 0 000 ss. Page 4
25 March 2026
THE ROONEY FAMILY FOUNDATION
(A Registered Charity and a Company Limited by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 JUNE 2025
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2025 | 2025 | 2024 | ||
| Note | £ | £ | £ | |
| Income from: | ||||
| Donations and legacies | 3 | 70,000 | 70,000 | 50,000 |
| Total income | 70,000 | 70,000 | 50,000 | |
| Expenditure on: | ||||
| Charitable activities | 4 | 81,200 | 81,200 | 115,300 |
| Netmovement in funds | (11,200) | (11,200) | (65,300) | |
| Reconciliation of funds: | ||||
| Total funds brought forward | 14,003 | 14,003 | 79,303 | |
| Net movement in funds | (11,200) | (11,200) | (65,300) | |
| Totalfundscarriedforward | 2,803 | 2,803 | 14,003 |
The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages8 to 12 form part of these financial statements.
Page 6
THE ROONEY FAMILY FOUNDATION (A Registered Charity and a Company Limited by Guarantee)
BALANCE SHEET FOR THE YEAR ENDED 30 JUNE 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Note | £ | £ | |
| Current assets | |||
| Cash at bank and in hand | 3,703 | 14,003 | |
| Current liabilities | |||
| Creditors: amounts falling due within one year | 7 | (900) | - |
| Total net assets | 2,803 | 14,003 | |
| Charity funds | |||
| Totalfunds:unrestricted | 2,803 | 14,003 |
The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
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&
D J Cench
Director \
Date:
73 [3/r6
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The notes on pages 8 to 12 form part of these financial statements.
Page 7
THE ROONEY FAMILY FOUNDATION (A Registered Charity and a Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
1. General information
The company is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.
2. Accounting policies
- 2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The Rooney Family Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Going concern
The Charity continues to deploy its funds in accordance with its charitable objectives and has sufficient cash to meet its day to day operating expenses. Although the Charity is reliant on corporate donations, it is expected that income will increase in the medium term as the economy recovers.
In view of the above, the Trustees consider that the Charity will remain in operational existence for the foreseeable future and therefore the going concern basis is applicable to the preparation of its financial statements.
2.3 Income All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Donations and legacies
Donations and legacies are included in the statement of financial activities on a receivable basis when evidence exists to confirm the certainty of receipt.
Investment income
Dividends are credited to the statement of financial activities when they fall due for payment. interest is credited when received.
2.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources.
Page 8
THE ROONEY FAMILY FOUNDATION (A Registered Charity and a Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
2. Accounting policies (continued)
2.4 Expenditure (continued)
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
2.5 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.6 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
2.7 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments, Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.8 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
3. Income from donations and legacies
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Donations
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| Unrestricted | Total | Total |
|---|---|---|
| funds | funds | funds |
| 2025 | 2025 | 2024 |
| £ | £ | £ |
| 70,000 | 70,000 | 50,000 |
Page 9
THE ROONEY FAMILY FOUNDATION
(A Registered Charity and a Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
4, Analysis of expenditure by activities
Summary by fund type
| Unrestricted | ||||||
|---|---|---|---|---|---|---|
| funds | Total | Total | ||||
| 2025 | 2025 | 2024 | ||||
| £ | £ | £ | ||||
| Direct | costs | - | Charitable Activities | 80,000 | 80,000 | 115,000 |
| Direct | costs | - | Support Costs | 1,200 | 1,200 | 300 |
| 81,200 | 81,200 | 115,300 |
The expenditure reflects directly undertaken charitable activities. An analysis of grants made is set out below:
| 2025 | 2024 | |||
|---|---|---|---|---|
| £ | £ | |||
| Trimontium | Museum | Trust | 50,000 | 115,000 |
| Foundation | Scotland | 30,000 | . | |
| 80,000 | 115,000 |
Page 10
THE ROONEY FAMILY FOUNDATION
(A Registered Charity and a Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
- Independent examiner's remuneration
In 2025 reporting accountant's fees of £950 (2024: £950) were borne by a connected donor company.
6. Trustees’ remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2024 - ENIL).
During the year ended 30 June 2025, no Trustee expenses have been incurred (2024 - £NIL).
- Creditors: amounts falling due within one year
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Accruals and deferred income | 900 | - | |
| 8. | Financial instruments | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Financial assets | |||
| Financialassetsmeasuredatfairvaluethroughincomeandexpenditure | 3,703 | 14,003 |
| 2025 | 2024 | ||||||
|---|---|---|---|---|---|---|---|
| £ | £ | ||||||
| Financial | liabilities | ||||||
| Financial | instruments | measured | at | amortised | cost | 900 | - |
Financial assets measured at fair value through income and expenditure comprise cash and cash equivalents.
Financial liabilities measured at amortised cost comprise accruals and deferred income.
Page 11
THE ROONEY FAMILY FOUNDATION
(A Registered Charity and a Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
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9. Statement of funds
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Statement of funds - current year
Balance at
Balance at 1 30 June
July 2024 Income Expenditure 2025
£ £ £ £
Unrestricted funds
General funds - all funds 14,003 70,000 (81,200) 2,803
Statement of funds - prior year
Balance at
Balance at 1 30 June
July 2023 Income Expenditure 2024
£ £ £ £
Unrestricted funds
General funds- all funds 79,303 50,000 (115,300) 14,003
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All funds represent general, unrestricted funds
Page 12