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REGISTERED COMPANY NUMBER: 06585052 (England and Wales)
REGISTERED CHARITY NUMBER: 1126626














Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2024

for

Rock Foundation UK Limited

Rock Foundation UK Limited






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Report of the Trustees 1 to 4

Independent Examiner's Report 5

Statement of Financial Activities 6

Balance Sheet 7 to 8

Cash Flow Statement 9

Notes to the Cash Flow Statement 10

Notes to the Financial Statements 11 to 19

Rock Foundation UK Limited (Registered number: 06585052)

Report of the Trustees
for the Year Ended 31 March 2024


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of 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).

OBJECTIVES AND ACTIVITIES
Objectives and aims
To act as a resource for people with learning difficulties and the disadvantaged by providing advice, assistance and organising programmes of physical, educational and other activities as a means of:-

a) Helping them to advance in life and helping to develop their skills, capacities and capabilities to enable them to participate in society as independent, mature and responsible individuals.
b) Advance education.
c) Relieving unemployment.

Public benefit
Providing recreational and leisure time activity in the Charity Commission's general guidance on public benefit and complied with section 17(5) of the 2011 Charities act when reviewing our aims and objectives and in planning our future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objectives they have set.


Rock Foundation UK Limited (Registered number: 06585052)

Report of the Trustees
for the Year Ended 31 March 2024

ACHIEVEMENT AND PERFORMANCE
Charitable activities
We would first like to thank all our funders for their support and all our volunteers and staff who without everybody's help it would not have been possible.

Rock was started by a parent of a special needs child who, having explored the availability of training for over 18's discovered that very little was available. She subsequently decided to start Rock Foundation to provide young people and adults, and the disadvantaged, work experience and supported workshops so that they could achieve their potential in life, and we now serve more than ninety adults with learning disabilities every week.

During the last financial year, Rock Foundation continued to provide support services to its targeted client groups. These included a wide range of workshops such as, art and craft, woodwork, puppetry, cookery, baking, computers, healthy living, needlework, furniture restoration, horticulture, DIY, baking, and laser craft etc, alongside courses in independence and work skills, community living and transportation. Our annual awards evening at the Town Hall was a great success with the Rock Choir making a special performance. With great remarks from our Deputy Mayor and other guests. Our choir also performed for our local Fishermen and Docks open day and made a special performance at our talent show.

Rock Foundation UK Ltd has continued to further its work with the local community by working with a network of local and regional companies and donors.

The food bank has now moved into its new premises. It was agreed by the trustees for the food bank to become independent from our Rock Charity and is operating under the new charity Rock Community Hub CIO.

We have also continued to wholesale our laser products through Potter's House. Although sales have dropped due to so many shops closing, they do help to financially underpin our work. This accompanies our ongoing work in utilising online sales avenues such as Etsy, and physical retail spaces at our Caistor site. We are seeking to continue to grow this in coming years to increase our financial resilience and service sustainability.

Our supported housing at Caistor accommodates 6 residents as well as intermittent respite placements. Caistor Day services are doing well with 20 service users. The Tea Room has continued to grow, and we are very proud of our team, as we are of all of our workers in Caistor and Grimsby.

We also have a community allotment at Caistor run by our fantastic volunteers. The produce from our allotment is also providing produce for our Tea Room and a small income with the sale of plants as well. We were also grateful for a grant from the Bishop's Fund to be able to purchase a Hotbin mega. Our Polly tunnel in Grimsby is also very popular with our students.

After a break in in September where our tractor and garden equipment were stolen, we are so grateful to the general public, companies and grant organisations who donated to us so we could purchase new equipment.

This year we were granted planning at our Caistor site to put in solar panels which will be installed later in the year. New front doors were also purchased for our Heneage site and a disabled roundabout and sensory room for Caistor. Could we thank all our grant funders, without their support we would never have been able to purchase these goods.

We would like to thank all our supporters for their continued assistance by way of donations, and all individuals, faith groups and other organisations who have supported Rock Foundation UK Ltd.

We would also like to extend a very big thank you to all our volunteers as without them it would be impossible to continue the work of Rock Foundation.


Rock Foundation UK Limited (Registered number: 06585052)

Report of the Trustees
for the Year Ended 31 March 2024


ACHIEVEMENT AND PERFORMANCE
Volunteer review
We continue to be blessed by excellent volunteers; many have worked for the charity for many years.

Our volunteers come from a wide range of organisations, backgrounds, and experiences, representing a wide cross section of our community.

Number of volunteers this year has been outstanding with a total of 34 over our 2 sites contributed a total of around 7934 hours across the last year, equating to roughly 155 hours per week in volunteer time.

Our regular volunteers therefore contributed approximately £91,241 between them at a combined value of around £11.50 per hour. We also receive help from many casual volunteers throughout the year, whose valuable contribution is difficult to quantify, but incredibly significant.

These people come to help with specific short term projects or events, offer a few days when they are available, or attend on short term placement from training agencies. We estimate to have received approximately 450 such volunteering hours, placing our grand total of around £5,175.

FINANCIAL REVIEW
Reserves policy
It is the policy of the charity to monitor unrestricted funds which are free reserves of the charity to achieve a minimum level of £95,000. This will provide sufficient funds to cover management, administration, support costs and to respond to emergency applications for grants which arise from time to time.

Incoming resources for the year amounted to £802,641 (2023:£719,956) and resources expended £750,094 (2023: £685,981). Free reserves at the year-end were £974,078 (2023:£921,531).

FUTURE PLANS
As always plans are in place to maximise the use of our current resources, develop new services and increase our intake of service users.

Our aim is to continue to move our supported living facility towards being fully occupied. This year we have had more respite clients use our services. The aim of the service is to provide excellent care for adults with learning disabilities. This is a non-profit venture which stands in contrast to the commercialised provision of care and support that proliferates locally, and places shareholders before clients. Our aim is to continue to build positive relationships with funders, as well as diversifying our social enterprise output from the site, to build further resilience into the project.

Further developments include an ongoing maintenance project for our Grimsby site with funding being sought for new windows and solar panels. This is as well as the ongoing expansion of our gardening project at Grimsby and Caistor around growing high-quality produce for our residents, tearooms, and the public, whilst providing an excellent set of training opportunities for our members.

We are seeking further funding to be able to modernise our Grimsby site

This year present climate
At present our reserves are good, but as a board this is something that needs to be looked at on a regular basis.

As a charity we feel confident about the future, but we are aware this can change. We feel we have tried to look at every eventuality.

Some concerns - Lack of volunteers. Lack of day students. Financial loss of income due to another lock down and cost of utilities and fuel.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is governed by its Memorandum and Articles of Association incorporated 6 May, 2008 as amended by written resolution dated 22 October, 2008 and 29 July, 2014 respectively.

Rock Foundation UK Limited (Registered number: 06585052)

Report of the Trustees
for the Year Ended 31 March 2024


STRUCTURE, GOVERNANCE AND MANAGEMENT
Recruitment and appointment of new trustees
The charity seeks to appoint trustees from persons who share the same ethos. It seeks to identify those most suitable to bring a balance of skills and strengths to the board. Each trustee is given a job description which utilises their skills.

Organisational structure
The CEO makes day to day decisions with regards to the general running of the charity. Trustees make decisions on management salaries, development and expansion and any other major decisions.

Induction and training of new trustees
We have a policy for induction and training of trustees. As stated in our policy each trustee receives a training pack and will also spend a day with our CEO explaining the role of the trustee.

Risk management
The trustees have examined the major strategic, business and operational risks that the charity faces and confirms that systems are in place to monitor and control these risks and ensure that the necessary steps can be taken when appropriate.Any major risks to which the charity is exposed will be reviewed in an emergency trustees meeting.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
06585052 (England and Wales)

Registered Charity number
1126626

Registered office
39-41 Heneage Road
Grimsby
North East Lincs
DN32 9ES

Trustees
R J K Burrell Director (resigned 4.12.23)
Ms P E Hodge Director
Miss S Howard Director
M Scarrott Director
Mrs R J Page (appointed 2.2.24)
H R Page (appointed 2.2.24)

Bankers
National Westminster Bank Plc
66 Victoria Street
Grimsby
DN32 9ES

Senior staff
Miss P E Hodge

Approved by order of the board of trustees on 10 September 2024 and signed on its behalf by:





Ms P E Hodge - Trustee

Independent Examiner's Report to the Trustees of
Rock Foundation UK Limited

Independent examiner's report to the trustees of Rock Foundation UK Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.








Mark Stothard FCA



10 September 2024

Rock Foundation UK Limited

Statement of Financial Activities
for the Year Ended 31 March 2024

31.3.24 31.3.23
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 569,437 - 569,437 484,028

Charitable activities 3
Core projects 200,450 32,754 233,204 156,491
General - - - 2,940
Core projects-Restricted - - - 68,125

Other income - - - 8,372
Total 769,887 32,754 802,641 719,956

EXPENDITURE ON
Charitable activities 4
Core projects 717,340 32,754 750,094 615,435
General - - - 2,421
Core projects-Restricted - - - 68,125
Total 717,340 32,754 750,094 685,981

NET INCOME 52,547 - 52,547 33,975


RECONCILIATION OF FUNDS
Total funds brought forward 921,531 48,377 969,908 935,933

TOTAL FUNDS CARRIED FORWARD 974,078 48,377 1,022,455 969,908

Rock Foundation UK Limited (Registered number: 06585052)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 10 753,313 48,377 801,690 826,452

CURRENT ASSETS
Stocks 11 6,000 - 6,000 6,000
Debtors 12 120,888 - 120,888 143,044
Cash at bank and in hand 442,861 - 442,861 335,481
569,749 - 569,749 484,525

CREDITORS
Amounts falling due within one year 13 (44,817 ) - (44,817 ) (37,631 )

NET CURRENT ASSETS 524,932 - 524,932 446,894

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,278,245

48,377

1,326,622

1,273,346

CREDITORS
Amounts falling due after more than one year 14 (304,167 ) - (304,167 ) (303,438 )

NET ASSETS 974,078 48,377 1,022,455 969,908
FUNDS 17
Unrestricted funds 974,078 921,531
Restricted funds 48,377 48,377
TOTAL FUNDS 1,022,455 969,908

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


Rock Foundation UK Limited (Registered number: 06585052)

Balance Sheet - continued
31 March 2024

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 10 September 2024 and were signed on its behalf by:





P E Hodge - Trustee

Rock Foundation UK Limited

Cash Flow Statement
for the Year Ended 31 March 2024

31.3.24 31.3.23
Notes £    £   

Cash flows from operating activities
Cash generated from operations 1 156,468 109,339
Interest paid (28,242 ) (16,285 )
Net cash provided by operating activities 128,226 93,054

Cash flows from investing activities
Purchase of tangible fixed assets (9,888 ) (21,000 )
Net cash used in investing activities (9,888 ) (21,000 )

Cash flows from financing activities
Loan repayments in year (39,200 ) (93,121 )
Loan interest 28,242 16,285
Net cash used in financing activities (10,958 ) (76,836 )

Change in cash and cash equivalents in
the reporting period

107,380

(4,782

)
Cash and cash equivalents at the
beginning of the reporting period

335,481

340,263
Cash and cash equivalents at the end of
the reporting period

442,861

335,481

Rock Foundation UK Limited

Notes to the Cash Flow Statement
for the Year Ended 31 March 2024

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
31.3.24 31.3.23
£    £   
Net income for the reporting period (as per the Statement of Financial
Activities)

52,547

33,975
Adjustments for:
Depreciation charges 34,650 30,547
Interest paid 28,242 16,285
Decrease in debtors 22,156 25,324
Increase in creditors 18,873 3,208
Net cash provided by operations 156,468 109,339


2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.23 Cash flow At 31.3.24
£    £    £   
Net cash
Cash at bank and in hand 335,481 107,380 442,861
335,481 107,380 442,861

Debt
Debts falling due within 1 year (27,399 ) 11,687 (15,712 )
Debts falling due after 1 year (303,438 ) (729 ) (304,167 )
(330,837 ) 10,958 (319,879 )
Total 4,644 118,338 122,982

Rock Foundation UK Limited

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
All income is recognised in the Statement of Financial Activities once the charity charityhas entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Donation and legacy income is received by way of donations and gifts is included in full in the statement of Financial Activities when receivable. The value of services provided by volunteers has not been included in these accounts.

Grants, where entitlement is not conditional on the delivery of specific performance by the charity, are recognised when the charity becomes entitled to the grant. Grants received in relation to capital expenditure are recognised in the Statement of Financial Activities when the charity becomes entitled to the grants.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixture and fittings 20% Straight Line
Motor Vehicles 20% Straight Line

Freehold property
-Building 2% Straight Line
-Commercial Kitchens 5% Straight Line
-Public Toilet Facilities 6.67% Straight Line
-Residential Kitchens 10% Straight Line
-Residential Bathrooms 10% Straight Line
-Heating Systems 10% Straight Line
-Alarm Systems 10% Straight Line

Land is not depreciated.

Fixed assets are stated at cost less accumulated depreciation. The cost of minor additions under £250 are not capitalised.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
The charity is exempt from corporation tax on its charitable activities.

Rock Foundation UK Limited

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

1. ACCOUNTING POLICIES - continued

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme.Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Donated goods
Donated goods are recognised in income at sales value when they are sold.

General services provided by volunteers and organisations are not recognised in the statement of financial activities. Further details of these are disclosed in the trustees report.

Specific services provided by other organisations are recognised in the statement of financial expenditure ad donations and charitable expenditure.

Donated goods for distribution are recognised in the statement of financial activities when distributed at market value as donations and charitable expenditure.

2. DONATIONS AND LEGACIES
31.3.24 31.3.23
£    £   
Donations and gifts 569,437 484,028

3. INCOME FROM CHARITABLE ACTIVITIES
31.3.24 31.3.23
Activity £    £   
Charitable activities Core projects 7,570 7,863
Service provisions Core projects 166,585 123,244
Grants Core projects 59,049 25,384
Grants General - 2,940
Grants Core projects-Restricted - 68,125
233,204 227,556

Grants received, included in the above, are as follows:
31.3.24 31.3.23
£    £   
Lloyds 420 -
Bernard Sunley Foundation - 4,000
NELC Hardship - 30,000
The Morrisons Foundation - 22,000
Sainsburys - 385
Groundwork UK 375 1,125
Garfield Weston 25,000 25,000
Carried forward 25,795 82,510

Rock Foundation UK Limited

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. INCOME FROM CHARITABLE ACTIVITIES - continued
31.3.24 31.3.23
£    £   
Brought forward 25,795 82,510
The National SW, NGS CG & Award - 5,000
Arnold Clark Automotive - 1,000
Luncheon Club - 5,000
E Bank Go 500 -
NHS 12,500 -
The Neighbourly Foundation 8,736 -
The Charities Trust Natwest 3,500 -
Voluntary Action 3,588 -
Singleton Birch 3,516 -
Lottery Fund 914 -
59,049 93,510

4. CHARITABLE ACTIVITIES COSTS
Support
Direct costs (see
Costs note 5) Totals
£    £    £   
Core projects 726,538 23,556 750,094

5. SUPPORT COSTS
Governance
Other costs Totals
£    £    £   
Core projects 21,528 2,028 23,556

6. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.3.24 31.3.23
£    £   
Depreciation - owned assets 34,650 30,547

7. TRUSTEES' REMUNERATION AND BENEFITS
31.3.24 31.3.23
£    £   
Trustees' salaries 47,328 42,400
Trustees' social security 5,227 4,835
Trustees' pension contributions to money purchase schemes 1,225 1,085
53,780 48,320

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.


Rock Foundation UK Limited

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. STAFF COSTS
31.3.24 31.3.23
£    £   
Wages and salaries 411,228 310,868
Social security costs 15,973 12,121
Other pension costs 5,190 3,462
432,391 326,451

Included in staff costs are salary and employers national insurance paid to and in relation to key management of £47,328 (2023:£42,400).

The average monthly number of employees during the year was as follows:

31.3.24 31.3.23
Core 33 26

No employees received emoluments in excess of £60,000.

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 484,028 - 484,028

Charitable activities
Core projects 156,491 - 156,491
General 2,940 - 2,940
Core projects-Restricted - 68,125 68,125

Other income 8,372 - 8,372
Total 651,831 68,125 719,956

EXPENDITURE ON
Charitable activities
Core projects 615,435 - 615,435
General 2,421 - 2,421
Core projects-Restricted - 68,125 68,125
Total 617,856 68,125 685,981

NET INCOME 33,975 - 33,975


RECONCILIATION OF FUNDS
Total funds brought forward 887,556 48,377 935,933

TOTAL FUNDS CARRIED FORWARD 921,531 48,377 969,908

Rock Foundation UK Limited

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 870,155 124,617 45,840 1,040,612
Additions - 9,888 - 9,888
At 31 March 2024 870,155 134,505 45,840 1,050,500
DEPRECIATION
At 1 April 2023 91,423 105,763 16,974 214,160
Charge for year 17,403 8,079 9,168 34,650
At 31 March 2024 108,826 113,842 26,142 248,810
NET BOOK VALUE
At 31 March 2024 761,329 20,663 19,698 801,690
At 31 March 2023 778,732 18,854 28,866 826,452

11. STOCKS
31.3.24 31.3.23
£    £   
Stocks 6,000 6,000

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 120,888 143,044

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts (see note 15) 15,712 27,399
Social security and other taxes 5,907 2,608
Other creditors 23,198 7,624
44,817 37,631


Rock Foundation UK Limited

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

14. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans (see note 15) 304,167 303,438

15. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due within one year on demand:
Bank loans 15,712 27,399
Amounts falling between one and two years:
Bank loans - 1-2 years 15,712 27,399
Amounts falling due between two and five years:
Bank loans - 2-5 years 47,135 82,196
Amounts falling due in more than five years:

Repayable by instalments:
Bank loans more 5 yr by instal 241,320 193,843

16. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 319,879 330,837

CAF Bank Ltd have secured fixed charges over the freehold property 39-43 Heneage Road, Grimsby, DN32 9ES and Top House Farm, Grimsby Road, Casitor, LN7 6RJ.

17. MOVEMENT IN FUNDS
Net
movement At
At 1.4.23 in funds 31.3.24
£    £    £   
Unrestricted funds
General fund 921,531 52,547 974,078

Restricted funds
Core projects 48,377 - 48,377

TOTAL FUNDS 969,908 52,547 1,022,455

Rock Foundation UK Limited

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

17. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 769,887 (717,340 ) 52,547

Restricted funds
Core projects 32,754 (32,754 ) -

TOTAL FUNDS 802,641 (750,094 ) 52,547


Comparatives for movement in funds

Net
movement At
At 1.4.22 in funds 31.3.23
£    £    £   
Unrestricted funds
General fund 887,556 33,975 921,531

Restricted funds
Core projects 48,377 - 48,377

TOTAL FUNDS 935,933 33,975 969,908

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 651,831 (617,856 ) 33,975

Restricted funds
Core projects 68,125 (68,125 ) -

TOTAL FUNDS 719,956 (685,981 ) 33,975

Rock Foundation UK Limited

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

17. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.4.22 in funds 31.3.24
£    £    £   
Unrestricted funds
General fund 887,556 86,522 974,078

Restricted funds
Core projects 48,377 - 48,377

TOTAL FUNDS 935,933 86,522 1,022,455

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 1,421,718 (1,335,196 ) 86,522

Restricted funds
Core projects 100,879 (100,879 ) -

TOTAL FUNDS 1,522,597 (1,436,075 ) 86,522

Restricted Funds
All restricted funds are for the core purposes of the charity.

ESC Lottery Fund
Amounts received from ESC Lottery fund were a contribution towards equipment for the sports hall.

Singleton Birch
Amounts received from Singleton Birch were a contribution towards equipment for day services.

Voluntary Action
Amounts received from Voluntary Action were a contribution towards equipment.

Charities Trust Natwest
Amounts received from Charities Trust Natwest were a contribution towards the installation of new windows.

The Neighbourly Foundation
Amounts received from The Neighbourly Foundation were a contribution towards the installation of new front doors.

NHS
Amounts received from NHS were a contribution towards the cost of a PHB Pilot.

Rock Foundation UK Limited

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

18. RELATED PARTY DISCLOSURES

Gifts of £72,782 (2023:£53,880) were receivable during the year from Rock Caistor Ltd. Rock Caistor Ltd owed the charitable company a balance of £44,211 (2023:£92,492) at the year end.

Gifts of £35,951 (2023:£38,950) were receivable during the year from Rock Social Enterprise Ltd. Rock Social Enterprise Ltd owed the charitable company a balance of £13,458 (2023:£7,218) at the year end.

Gifts of £21,822 (2023:£Nil) were receivable during the year from Rock Community Hub Ltd.Rock Community Hub Ltd owed Rock Foundation UK Limited £6,245 (2023:£1,692).