THE ROSELINE FOUNDATION
We are a charitable foundation that gives grants to charities and other organisations that operate in Sunderland and surrounding areas.
Financial health, per its FY2023 accounts
The accounts state that the charity holds unrestricted funds of £93,665,649, having recorded a significant surplus of £8.4m for the year due to investment gains. The trustees report a reserves policy to retain funds for at least 10 years of donations, and the independent auditor confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern.
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.” — page 5
“In 2022 the charity received a donation of £74.3m from Tombola Limited. At the time of the donation Tombola Limited was controlled by 2 members of the board of trustees.”
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?
Per its FY2023 accounts: The accounts state that the charity holds unrestricted funds of £93,665,649, having recorded a significant surplus of £8.4m for the year due to investment gains. The trustees report a reserves policy to retain funds for at least 10 years of donations, and the independent auditor confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2023 accounts were audited by Mitchells Grievson Ltd.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| BEAULAND LIMITED | 1 | £85k |
| YEMIN CHARITABLE TRUST LTD | 1 | £32k |
| TIFERETH BENEVOLENT FUND LIMITED | 1 | £15k |
| ADENFIRST LIMITED | 1 | £12k |
| SABENO LIMITED | 1 | £3k |
| DENCOMMON LIMITED | 1 | £3k |
Charities like this
- THE ROSE FOUNDATION
- ROSECARE FOUNDATION
- SHOWMANROSE FOUNDATION (CIO)
- The Ross Foundation
- RIVERSIDE FOUNDATION LIMITED
- Rothesay Foundation
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE ROSELINE FOUNDATION | £1.3m | — | 0 | unclear | — | no doubt |
| THE ROSE FOUNDATION | £1.3m | — | 0 | above | — | no doubt |
| ROSECARE FOUNDATION | £177k | — | 0 | unclear | — | no doubt |
| SHOWMANROSE FOUNDATION (CIO) | £292k | — | 0 | unclear | — | no doubt |
| The Ross Foundation | £2.1m | — | 0 | above | — | no doubt |
| RIVERSIDE FOUNDATION LIMITED | £143k | — | 0 | unclear | — | no doubt |