THE ROSELINE FOUNDATION
Financial health, per its FY2022 accounts
The accounts state that the charity received a one-off donation of £74.3m, resulting in a total income of £75.4m and a net surplus of £73.5m for the year. The trustees' report indicates that reserves are held to enable grant donations for at least the next 10 years, with no stated policy to retain core capital from donations. The charity has no staff and is operated entirely by volunteer trustees.
What the accounts disclose
“The reserves policy is to retain enough funds to enable the charity to make donations for at least the next 10 years.”
“During the year the charity received a donation of £74.3m (2022: £12m) from Tombola Limited. Until January 2022 Tombola Limited was controlled by 2 members of the board of trustees.” — page 19
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Philip John Croninchair
- Alison Cronin
- Graham Martin Purvis
- James Cronin
- Michael Andrew Cronin
- Michael Thomas Moran
- Robert Adam Cronin
- SUSANNE KENNEDY
- Sophie Cronin
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.3m | £6.0m |
| 31/12/2023 | £1.6m | £994k |
| 31/12/2022 | £75.4m | £321k |
| 31/12/2021 | £12.0m | £821k |
Common questions
Is THE ROSELINE FOUNDATION financially healthy?
The accounts state that the charity received a one-off donation of £74.3m, resulting in a total income of £75.4m and a net surplus of £73.5m for the year. The trustees' report indicates that reserves are held to enable grant donations for at least the next 10 years, with no stated policy to retain core capital from donations. The charity has no staff and is operated entirely by volunteer trustees. Its FY2022 accounts were audited by Mitchells Grievson Ltd.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE THOMAS RAWCLIFFE CHARITABLE TRUST | 1 | £10k |
| THE BORROWS CHARITABLE TRUST | 1 | £5k |
| SABENO LIMITED | 1 | £3k |
| DENCOMMON LIMITED | 1 | £3k |