Charity registration number 1059616 (England and Wales)
Company registration number 03170283
FRED ROCHE FOUNDATION LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
FRED ROCHE FOUNDATION LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Trusteees
Mrs C S Brown
Mrs K M Tunley
Mr R N E Higson
Mr P F Howard
Mrs V M Roche
Mr T Skelton
Mr J Muncaster
Mr P R Murphy
Secretary
Mr P R Murphy
Charity number (England and Wales)
1059616
Company number
03170283
Registered office
The Short Barn
13 Walton Road
Walnut Tree
Milton Keynes
MK7 7AF
Independent examiner
Jervis & Partners
30 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ
FRED ROCHE FOUNDATION LIMITED
CONTENTS
Page
Trustees' report
1 - 5
Independent examiner's report
6
Statement of financial activities
7
Balance sheet
8
Notes to the financial statements
9 - 12
FRED ROCHE FOUNDATION LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 AUGUST 2024
- 1 -

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 August 2023.

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 2015).

Objectives and activities

The aims and objectives as amended on the 22nd day of May 2013, replacing the previous aims and objectives as stated in Special Resolution Clause 3.1, dated the 11th of July 1996 are as follows:

 

To promote and retain the memory of Fred Roche, his life and his achievements; and to ensure his spirit of creativity, exploration, innovation and his vision for Milton Keynes is celebrated and perpetuated by the following:-

 

1. Promote Milton Keynes as a successful urban model.

 

2. Campaign for the future direction of the city in pursuit of the six original guiding principles that informed the unique concept, master planning and development of Milton Keynes:-

i. Opportunity and freedom of choice

ii. Easy movement and access; and good communications

iii. Balance and variety

iv. An attractive city

v. Public awareness and participation

vi. Efficient and imaginative use of resources

vii.To pursue environmentally sustainable practices at all levels within the City

 

 

3. To stimulate informed discussion and investigation based on these guiding principles; assisting the public, civic bodies and policymakers to work towards consensus regarding the future development and direction of City of Milton Keynes.

 

4. Making the Fred Roche gardens a fitting venue for civic, arts, cultural and other activities to inspire current and future generations.

 

5. To encourage everyone and particularly involve young people and new comers to the City, in their capacity as future citizens and stakeholders, to participate and help determine the way forward for their City.

 

6. To make representations and undertake enabling activities in accordance with these aims and objectives.

 

7. Work with other bodies, organisations and citizens who have similar aims and objectives to those of the Fred Roche Foundation Limited.

 

8. Develop and maintain a membership base in order to achieve the above aims and objectives.

 

The above resolution will supersede and replace any previous resolutions and clauses in the M & AAs to clarify the role, aims and objectives of the Fred Roche Foundation Limited. This was voted in by general consensus of the Directors and Trustees of the Fred Roche Foundation Limited on the 22nd day of May 2013.

The trusteees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

FRED ROCHE FOUNDATION LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 2 -
Achievements and performance

Charitable activities since its Establishment in 1996

 

Since its establishment, the Foundation has:

 

Established terms of reference, which have been updated in line with current needs and opportunities in Milton Keynes.

 

Produced an annual business plan and schedule of activities.

 

Registered as a charitable trust by the Charity Commission for England and Wales.

 

Established as a trading company with limited liability. This company is dormant and not used.

 

Worked with local organisations to take their advice on the problems of young people in Milton Keynes.

 

Consulted with other Charities involving young people about the provision of training, work experience and accommodation.

 

Identified preliminary training arrangements for young residents for whom it would be relevant.

 

In conjunction with Milton Keynes Council, implemented the renaming of the Milton Keynes City Gardens in Central Milton Keynes to The Fred Roche Gardens, formally opened in a ceremony attended by the Lord Mayor and local MPs in 2017.

 

Continue to raise funds for the upkeep and promotion of the Fred Roche Gardens as a ‘Green Heart’ in Central Milton Keynes

 

Co-operated with Milton Keynes Council, Milton Keynes Gallery, the City Discovery Centre and Centre MK to establish a programme of lectures and workshops.

 

In conjunction with the Milton Keynes City Gallery a series of lectures and debates have been held on various topics relevant to the future development of the City.

 

Published comprehensive set of topic papers entitled "Tomorrows Communities The "Future City" Debate" recording in detail each of the lectures given by learned academics and specialists on a wide variety of topics relevant to the future development of Milton Keynes and how the established principles of Urban Design and Planning can be extended to other areas.

 

The lectures and subsequent publication are working towards the Foundation holding a series of seminars. These will take cognisance of the last 50 years development of Milton Keynes and establish a vision and principles for the future development of Milton Keynes for the next 50 years.

 

The Foundation marked the 50th Anniversary of Milton Keynes in 2017 and organised a number of events to celebrate the occasion including a series of lectures, a Garden Party and naming ceremony for the Fred Roche Gardens and an exhibition The Living Landscape.

 

Established a working group to oversee the future development and maintenance of the Fred Roche Gardens.

 

In conjunction with the MK Community Foundation established The Fred Roche Memorial Fund that will provide grants to:-

 

·    Help young people in the City develop the vital skills and self-confidence needed for employment.

·    Enhance the Fred Roche Gardens so that they can be enjoyed by everyone in the City.

·    Encourage young people to develop horticultural skills.

FRED ROCHE FOUNDATION LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 3 -

Activities During 2023/24

 

The year saw the Foundation start to return to pre Covid levels of activity in furtherance of its Charitable aims. It has continued to campaign and inform members of its activities and engaged with Milton Keynes Council on major planning and development projects and it has continued to maintain the Fred Roche Gardens and support the Fred Roche Awards scheme. During the year the Foundation held fund raising events and raised money which was match funded by the Community Foundation. Money raised will be used to carry out improvements to the FR Gardens.

 

The Charity remains viable and its financial position has improved during the year with adequate funds to meet its charitable aims.

 

The Foundation undertook the following:

 

·    Commented on the Governments White paper on Planning reform as it passed through its various committee stages

·    Participated in the consultation on the changes being made to Bletchley to Bedford element of East West Rail

·    Commented on the downgrading of the LEP and creation of a Central Area Growth Board

·    Held discussions with members and officers on the draft New City Plan 2050 and made representations on behalf of the Foundation on the draft report at Regulation 18 Stage

·    Promoted the Fred Roche Memorial Fund travel awards for students

·    Prepared quarterly newsletters to members

·    Carried out extensive maintenance and new planting in the Fred Roche Gardens with the Green Gym

·    Continued to help promote MK following the recognition of City status

·    Reviewed all major planning applications and made representations to MK City Council, particularly in respect of the plans for the growth areas to ensure that proposals met the aims and objectives of the Foundation

·    Commented on planning applications, particularly in CMK on how the large number of very tall Build To Rent buildings are to be managed without damage to the skyline and to ensure that adequate facilities are available for the growing residential population.

 

Financial review

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trusteees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

The trusteees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

FRED ROCHE FOUNDATION LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 4 -

Future Plans for the Foundation

The Foundation will continue the memory of Fred Roche and his achievements, his lifelong philosophy and fundamental respect for young people by continuing to organise educational lectures addressing social issues, planning and urban development problems relevant to the future growth of the City of Milton Keynes with particular emphasis on the needs and opportunities for its young citizens. Through a number of fund raising events and sponsorships the Foundation has established a fund to further extend its work to improve the Fred Roche Gardens, produce publications and to finance travel awards for students.

 

Seminars are planned for the following:

 

The New City Plan 2050

Trends in Housing Design

The future of Central Milton Keynes

The role that Private Rental Housing (Build to Rent) can play in meeting housing need

The importance of high-quality landscaping in creating successful urban areas

Waste Management

 

The Foundation also will be submitting further observations on the MK Councils 2050 growth strategy and its replacement of Plan MK, including the holding of seminars to make the public and council members aware of the benefits of continuing to develop MK using the urban design and planning principles and high standards established under the guidance and leadership of Fred Roche. The same will be undertaken as the SPD’s are produced for the proposed growth areas.

 

Structure, governance and management

Status

The charity is a charitable company limited by guarantee and was set up on 11th March 1996. It is governed by a Memorandum and Articles of Association. The Memorandum and Articles of Association were amended by the Trustees on 22nd May 2013 and these were registered the Companies House on 13th August 2013.

 

Organisational structure

The Foundation consists of 8 (eight) trustees, all of whom provide their services at no charges. Mr J Muncaster was appointed as a Trustee and Director at the AGM held on 8 November 2023. At the AGM two Directors stood down as required by the Articles of Association. Philip Murphy and Mrs Caroline Brown offered themselves for re-election and were duly elected. The Trustees meet monthly to review progress and make relevant decisions, directing tasks to be undertaken by the appropriate Trustee(s). An AGM was held on 8 November 2023 and this Report and Accounts for 2023/24 were approved.

 

The Trustees are aware of the need to ensure that the Board of Trustees remains viable to sustain the Charity by ensuring that there are sufficient trustees with the appropriate skills to continue the work of the Foundation. It is a major objective therefore to seek new members and trustees during 2024/25.

The trusteees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mrs C S Brown
Mrs K M Tunley
Mr R N E Higson
Mr P F Howard
Mrs V M Roche
Mr T Skelton
Mr J Muncaster
Mr P R Murphy

The trustees' report was approved by the Board of Trusteees.

FRED ROCHE FOUNDATION LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 5 -
Trustee
Dated: 20 May 2025
FRED ROCHE FOUNDATION LIMITED
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEEES OF FRED ROCHE FOUNDATION LIMITED
- 6 -

I report to the trusteees on my examination of the financial statements of Fred Roche Foundation Limited (the charity) for the year ended 31 August 2024.

Responsibilities and basis of report

As the trusteees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.

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

Independent examiner's statement

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 that in any material respect:

1

accounting records were not kept in respect of the charity as required by section 386 of the Companies Act 2006.

2

the financial statements do not accord with those records; or

3

the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination; or

4

the financial statements 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 financial statements 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 financial statements to be reached.

Jervis & Partners
30 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ
20 May 2025
FRED ROCHE FOUNDATION LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2024
- 7 -
Unrestricted
Unrestricted
funds
funds
2024
2023
Notes
£
£
Income from:
Donations and legacies
3
3,816
835
Total income
3,816
835
Expenditure on:
Raising funds
4
823
527
Total expenditure
823
527
Net income and movement in funds
2,993
308
Reconciliation of funds:
Fund balances at 1 September 2023
10,155
9,847
Fund balances at 31 August 2024
13,148
10,155

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

FRED ROCHE FOUNDATION LIMITED
BALANCE SHEET
AS AT 31 AUGUST 2024
31 August 2024
- 8 -
2024
2023
Notes
£
£
£
£
Current assets
Cash at bank and in hand
13,868
10,635
Creditors: amounts falling due within one year
10
(720)
(480)
Net current assets
13,148
10,155
The funds of the charity
Unrestricted funds
11
13,148
10,155
13,148
10,155

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 August 2024.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the trusteees on 20 May 2025
Mr P R Murphy
Trustee
Company registration number 03170283 (England and Wales)
FRED ROCHE FOUNDATION LIMITED
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
- 9 -
1
Accounting policies
Charity information

Fred Roche Foundation Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is The Short Barn, 13 Walton Road, Walnut Tree, Milton Keynes, MK7 7AF.

1.1
Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". The charity is a Public Benefit Entity as defined by FRS 102.

 

The charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the trusteees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trusteees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the trusteees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4
Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
FRED ROCHE FOUNDATION LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
1
Accounting policies
(Continued)
- 10 -

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. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.5
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

2
Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trusteees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

FRED ROCHE FOUNDATION LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 11 -
3
Income from donations and legacies
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Grants
3,500
-
Membership fees
266
585
Donated goods and services
50
250
3,816
835
4
Expenditure on raising funds
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Trading costs
Support costs
823
527
5
Support costs allocated to activities
2024
2023
£
£
Postage & stationery
3
-
Office expense -  communication
40
192
General costs
433
95
Computer costs
107
-
Governance costs
240
240
823
527
Analysed between:
Fundraising
823
527
6
Net movement in funds
2024
2023
£
£
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial statements
240
240
7
Trusteees
None of the trusteees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
FRED ROCHE FOUNDATION LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 12 -
8
Employees

The average monthly number of employees during the year was:

2024
2023
Number
Number
Total
-
0
-
0
There were no employees whose annual remuneration was more than £60,000.
9
Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

10
Creditors: amounts falling due within one year
2024
2023
£
£
Accruals and deferred income
720
480
11
Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 September 2023
Incoming resources
Resources expended
At 31 August 2024
£
£
£
£
General funds
10,155
3,816
(823)
13,148
Previous year:
At 1 September 2022
Incoming resources
Resources expended
At 31 August 2023
£
£
£
£
General funds
9,847
835
(527)
10,155
12
Related party transactions

There were no disclosable related party transactions during the year (2023 - none).

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