Reglstered number: 04366893 Charlty number: 1092168 DIFFERENT STROKES (TRUSTEES) LIMITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 DIFFERENT STROKES ITRUSTEESI LIMITED CONTENTS Page Reference and administrative detalls of the Company, Its Trustees and advisers Trustees. report Trustags. responslbilities statement Independent auditors. report on the financial stslements Statement of flnan¢ial activitles 9-12 13 Balance sheet 14 Notes to the finan¢ial statements 15-29 DIFFERENT STROKES {TRUSTEESI LIMITED REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2020 Trustees Mr R Parmar. Chair Ms C Bell, Trustee Dr S Sanghera, TrLtslee Ms S A Fr8ncis-Myles, Trustee Ms H T Bass, Trustee Mr R Djan-Krofa, Trustee Mr M A Caines. Treasurer Ms C V Carey. Trustee Company reglstered number 04366893 Charity reglstered number 1092168 Registered office 9 Canon Harnett Court Wo¢verton Mill Milton Keynes MK12 SNF Chlef exe¢utlve offlcgr Mr A Wi11gtt Independent audltors MHA Maclntyre Hudson Chartered Accountants Moorgale House 201 Silbury BO￿leVard Milton Keynes Buckinghamshire MK91LZ Page 1 DIFFERENT STROKES ITRUSTEESI LIMITED TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 The Trustees p￿sent their annual report together with the audited financial statements ol the Company for the year 1 January 2020 to 31 December 2020. 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 slalemenls of the charitable company comply w((h the current stalulory requirements, the requirements of the charitable company's govemin9 document and the provisions of the Statement of Recommended Practice ISORPI applicable lo charits'es preparing their a¢¢oun15 in accordance with the Financial Reporting Standard applicablè in the UK and Republi¢ of Ireland IFRS1021 (effective 1 January 20191. Since the Company qu3lrfies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 {Strategi¢ Report and Directors. Report) Regulations 2013 has been omitted. Oblectlves and activities a. Policies and oblectlves The Company is established for charity purposes, lo relieve persons who have suffered strokes and lo support their families and careTS. In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commisston relating lo public benefit. including the guidance 'Public benefit.. njnning charity IPB21'. The prime objeclwes of the charity are lo help stroke 5urvivor5 of under rglirement age lo oplimize their recovery, lake control of their own lives and regain as much independence as p0ss1ble by offering rehabililalive services, information and advice. These objectives are pursued by.. Organising a national netsyork of peei support and exercise groups Fa¢ililaling online support Prowding practical, easy to use information for the recovering stroke suNivor Offering a telephone line so that younger stroke survivors can receive practical and emotional support from other stroke survivors Keeping stroke survivors infomed. through newsletters, an interactwe website and other mean5, of developments relevant to them Promoting the inleTrsls of younger stroke survivors by representation al National Level 10 9ovemment, dinical organisations & the media. b. Strategies for achieving objectivos The individual strategies employed to achieve the charitys objectives are lo.. In¢￿9$e the geographical coverage of the networ1[ of peer 5UPPOrt & exercise groups Improve the methods of service delivery Enhance the profile of our website and Social media Extend the network of influencers accessible to the charity Encourage the communities we serve to support our work financially and to offer their lime and eX￿rtiSe as volunteers Raise sufficient funds from extemal sources to maintain our services and financial stability Work closely with other organisalions. Page 2 DIFFERENT STROKES (TRUSTEES) LIMITED TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2020 ObjectNe$ and activities (continued) The trustees have paid due regard lo guidance issued by the Charity Commission in deciding what activtties the charity should undertake. The description under the headings"Aehievemenls and performance" and"Financial review. meet the company law requirements for the trustees to prèsent a strategic report. Achievements and performance a. Maln achlevements of the Company Central Service$ As wlh many organisations, 2020 has been a year dominated by the Covid-19 pandemic. When the pandemic struck in March 2020 we closed our office and introduced a home working system, updated our budget for the year and developed an emergency business plan. This plan had two main elements lo it- for the organisation lo be able lo support people al their lime of most need, and to source new funding Streams lo ensure that we did not have a largo deficf( on the year. In lemis of the core services that we have traditionalty operated, our online support group continued, and we provided infomialion packs by post on request. We updated our phone system so that messages could be taken and automatically fowarded to staff working from home, who were then able lo return calls. Unfortunately our network of local support groups had to slop meeting, but instead wg inlroduceij a number of new online activities lo provide remote support 10 Stroke survivors. These included.. Daily online exercise sessions {Monday-Fridayl. delivered by qualrfied instructors, and tailored at different levels of intensity throughout the week so that all stroke survivors could find a Session that w&5 appropriate for their needs Weekly online tai chi sessions Stroke survivor in lockdown, Mdeo ea115, wtth a stroke SLtNivor tslking with a staff MeM￿r about their experiences Guest speaker videos A number of groups undertaking regulaf video calls with their members as a way of them keeping in touch with each other Online nefv￿rkIng sessions - a chance for stroke suNivors to get together and wiihoul any fomial agenda tslk about the issues of most importance to them Page 3 **This draft produced on 22/6/2021 12:49** ~~**DIFFERENT STROKES (TRUSTEES) LIMITED**~~ **DIFFERENT STROKES (TRUSTEES) LIMITED** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020** ## **Achievements and performance (continued)** We also held a virtual conference, and over the course of a week in September held 10 online sessions for stroke survivors, healthcare professionals and other supporters. Sessions included a talk from a stroke survivor, a session on fatigue, legal matters, and a panel of experts discussing how stroke survivors could move forward after a stroke. In addition, in the early part of 2020 our teen and young adult befriending service went live. This involves young stroke survivors, aged 21-35, providing 1:1 telephone peer support to other young survivors aged 16-25. Five volunteer befrienders delivered this service to eight survivors that needed support. External supervision is in place for the project, and a recent evaluation has shown how much benefit this has brought to these individuals. Funds are in place to continue this into 2022, and already in 2021 we have seen many more young survivors take up the service. We have continued to support large numbers of people, growing our online support group by 11% to approximately 5,800 people. We supported 382 stroke survivors by phone, 724 by email and sent out 143 information packs. Our followers on social media increased by 16% to 20,000. The pandemic significantly affected our ability to raise funds, most notably through the cancellation of largescale fundraising events, which we have traditionally relied upon as one of our main sources of income. We also saw a reduction in corporate support and sponsored activity. Nevertheless, we managed to entirely mitigate this shortfall in income through the use of the government furlough scheme and small business grant scheme, by making savings in support costs, by holding some online fundraising events such as the ‘2.6 challenge’ and monthly quiz nights, by attracting grants for the new online services which we had introduced, and by some very generous one-off donations that we received from supporters of ours. Particular mention here must go to Percy’s Pals for providing us with a very significant donation. From an HR perspective we have retained the same staff that we began the year with, although a number of people have been wholly or partly furloughed during the course of the year. At the beginning of the pandemic we furloughed 5 of our 9 staff, reducing our FTE staff from 4.9 FTE to 2.2 FTE. Over the course of the year we gradually increased our staff resource, ending the year with 3.6 FTE. Some staff remain furloughed in 2021, but we will be bringing back all staff on their original hours at the appropriate time. It has been an extremely challenging year, and introducing a number of new online activities with a much reduced staff team has taken a huge amount of effort, but nevertheless, we are proud of what we have managed to achieve for stroke survivors while delivering a strong financial performance. We are reporting a surplus of £70,550 for the year, although this is largely d own to an increase in restricted funds and designated group funds (see section below). This compares to a surplus of £10,980 for 2019. Different Strokes is registered with the Fundraising Regulator and works in a way that is compliant with the Code of Fundraising Practice. ## **Regional Groups** The groups ended the period with an operating surplus of £927 compared to a surplus of £22,017 in 2019. While the Different Strokes exercise groups are technically branches of Different Strokes, they enjoy considerable autonomy over the operation of their affairs. Hence while in theory their funds technically form part of Different Strokes reserves it would be inappropriate to see them as freely available for the use of the charity, generally. For this reason, we regard this portion of the reserves as "designated" - retained by the Groups for use to develop services locally & not considered to be available to finance Central Services. **This draft produced on 22/6/2021 12:49** **DIFFERENT STROKES (TRUSTEES) LIMITED** ~~**DIFFERENT STROKES (TRUSTEES) LIMITED**~~ ## **Financial review** **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020** ## **a. Going concern** After making appropriate enquiries, the Trustees have a reasonable expectation that the Company 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 Trustees have agreed that it is their intention that the charity should maintain a level of free reserves (unrestricted funds not committed or invested in Fixed Assets) to enable the charity to cover its central running costs for not less than six months. Such costs amounted to £221,323 for 12 months in 2020, or £110,662 for six months, although it should be noted that income and expenditure was significantly lower than would usually be the case, due to the pandemic. Free reserves totalled £147,794 as of 31st December 2020. Reserves held by the group totalled £113,982, all of which is represented by cash. The average balance is around £3,200 per group and because of the fragmented nature of these holdings they are not regarded as being available for central purposes. See note 17 for a detailed breakdown. ## **c. Financial risk management objectives and policies** Risk Management The Trustees have a Risk Management Strategy which comprises of: - The setting of a reserves policy - Monthly monitoring of income, expenditure and cash against an annual budget - A risk register which identifies the likelihood, impact and management of risks, and which is updated twice a year DIFFERENT STROKES rrRUSTEESI UMITED TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2020 d. Thanks The trustees would like to thank everyone who has supported Different Strokes- individual donors, people who have undertaken events for us. community groups, chariiable trusts and foUndat￿n$, corporates. and all other supporters. 11 is onty with your very generous support that we are able to raise the ￿quired funds to provide our SerV￿eS lo younger stroke survivors, and we remain very grateful for your support. A number of our funders are listed under restricted funds later in thi5 report.. amongst our oth8r funders who we would 81so like to thank for contribtrting in 2020 are.. Aviva Drapers, Charitable Fund Hugh Fraser Foundalion Mabel Harper Chantable Trust The Hobstsn Charity William Howarth Charitable Settlement Irwin Mitchell LLP Jules Thorn Charitable Trust Marsh Christian Trust National Lollery Coronavirus Community Support Fund People's Puzzles Percy's Pals PF Charitable Trust S¢hToder Charitable Trust Sir James Roll Charitable Trust Scolmid Sovereign Healih Care Garfield Weston Foundation We'd a150 like lo give a huge thank you lo our network of volunteers up and down the country, who 9ive up so much of their time lo support our groups and lo support the charity in other ways.. again, we wouhd not be able to do what we do wi¢houl you. Structure. govemance and management a. Constitution Different Strokes (Trusleesl Limited is a company limited by guarantee and not having a share ￿PItal is governed by ils Memorandum and Articles of Association dated 5th February 2002. The company was incorporated lo acquire the assets and undertaking of Drfferent strokes, an unincorporated charity,. this rt did on 8th June 2002. The memberfs liability is limited. Every member of the company undertakes to eonlribule up to £1 of the assets of the company in the event of il being wound up. It is a registered charity wlh the Charity Commission INO. 10921681. The number of members of the company is limited lo 50, the present membership is 812019 = 81. Every person desirou5 of becoming a member musl sign and deliver lo the company an application for membership. The sole right lo membership is vested in the Board of Truslees who may, wilhoul showing cause, refuse lo admit any application to membership. Page 6 DIFFERENT STROKES ITRUSTEESI UMITED TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2020 Structure, govemance and management (contlnuedl b. Board of Trustags The business of the Charity is managed by the Board of Trustees and ils membership comes from within tho members of the company. 11 is an objective lo have members on the Board of Management whose skills and expertise complement the needs and aspirations of a charity committed to serving the needs of younger stroke survivors. The Memorandum and Articles of Association states that the Chairman or Vice-chairman shall be a stroke survwor. The Articles of Association determine a minimum of 4 and a maximum of 15 Trustees. The members of the Board of Trustees are the Directors of the chafily. Al each Annual General Meeting one third of the Trustees, the longest serving since their last election. are iequired lo stand for reryeleelion. Any new Trustee appointed by the Board musl stsnd for election al the Annual General Meeting after hislher appointment. ¢. Organlsatlonal structure and delegalod authorlty The Board meets at least quarteily, with day lo day operations led by the Chief Executive Officer. Austin Willett has been in this role since January 2018. The Board, along with the CEO hold periodic 'Awaydays" to discuss the future development of the eharity. To facilitate effective operations the CEO has delegated authority. wrthin the temis of delegation approved by the Trustees. for operational mallers including finance and employment. d. Policies adopted for the induction and training of Trustee5 New Trustees undergo an OTienlalion to brief them on their role and the various aspects of the charitls services and lo brief them on their legal oblvJations under charity and company law. the contènt of the Memorandum and Articles of Association. the committee and decision-making prO￿SeS. the business plan and recent financial performance of the charity. Trustees are encouraged to attend appropfiale extemal training events where thesg will facilitate the undertaking of their role. e. Related party relatlonshlps The charty works closely with other charitie5 Within asstscialed service 8reas'. these charities in¢lude The Stroke Associabon, the Neurological Alliance. Chest Heart & Stroke Scotland. and the Medical Technology Group. Dlsclo$ure of information to auditors Each of the persons who are Trustees at the lime when this Trustees, report is approved has confirmetj that.. so fai as that Trustee is aware, there is no relevant audit infomialion of which the charitys auditors are unaware. and that Trustee has taken all the steps that ought lo have been taken a5 a Trustee in order lo be aware of any relevant audit information and lo establish that Ihe charills auditors are aware of that infomalion. Auditors The auditors, MHA Maclntyre Hudson. have indicated their willingness lo continue in offi￿. The designated Trustees will propose a motion reappointing the auditors at a meeting of the Tiuslees. Approved by order of the members of the board of Trustees and signed on their behalf by. Ranj Pamier Date.. 2810612021 Page 7 DIFFERENT STROKES (TRUSTEES) LIMITED STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2020 The Trustees (who are also the diredors of the Company for the purposes of company lawl are responsible for preparing the Trustees. report and the financial statements in accordance with applicable law and Unrted lQngdr)m Accounting Standard5 (United Kingdom Generalty Accepted Accounting Practi￿1. Company law requires th8 Trustees to prepare financial statements lor each financi81 year. Under company law. the Trustees musl not approve the financial statemen15 unless they are satisfied that they give a true and fair view of the stale of affairs of the Company and of ils incoming resources and applFcalion of reSoUr￿s, including its income and expenditure, fof that period. In preparing these financial slalements, the Trustees are r&qtJired lo: sele¢t suitable accounting policies and then apply them consislently., ObSe￿e the rnelhods and principles of the Charities SORP IFRS 102}', make judgments and accounting estimates that are reasonable and prudent., stsle whether applicable UK Accounting Standards IFRS 1021 have been followed, subject to any material departures disclosed and explained in the financial slatemenls., prepare the financial statements on the going concern basis unless il is inappropriate lo presume that the Company will continue in business. The Trustees are responsible for keeping adequate accounting records that are suffiGient lo show and explain the Companls transactions and disclose with reasonabl& accuracy al any time the financial position of the Company and enable them lo ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for tsking rèasonable stèps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees and signed on its behalf by. Ranj Parmar Date.. 281C612021 Page 8 DIFFERENT STROKES {TRUSTEESI LIMITED INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF DIFFERENT STROKES ITRUSTEES} LIMITED Oplnion We have audited the finonciol statements of D¢fferent Strokes ITrusteesl Limited (the 'chartsble ¢ompanVI for the year ended 31 Decembei 2020 which comprise the Statement of financial aclivilies. the Balance sheet, the Statement of eash flows and the related notes, including a summary of signifieanl accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and Unit¢d Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standaid applicable in the UK and Republic of Ireland, (United Kingdom Generally A￿epted Accounting Practice). In our opinion the financial statements- give a true and fair wew of the state of the charitable companls affairs as at 31 December 2020 and of its incoming resources and application of resources, inclL*ding rts income and expenditure for the year then ended., have been property prepared in accordance with United Kingdom Generally Accepted Accounting Pracliee., and have been prepared in accofdance wrth the requirements of the Companies Act 2006. Basis for opinion We conduded our audit in accordance wlh International Standards on Auditing {UKI IISAS {UKII and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial slatgments sedion of our report. We are indep¢ndenl of the charitable company in accordance with the ethical requirements that are relevant to our audrt of the financi81 ststements in the Unf(ed Kingdom. including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance wi(h these requirements. We believe that the audit evidence we have obtained is sufficient and appropr4ate lo provide a basis for our opinion. Conclusions relating to going concern In auditing the financial stalemenls, we have concluded that the Trustees. use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfomed, we have not identified any material uncert8inlie$ relating lo events or conditions that. individually or collectively, may cast significant doubl on the charitable companls ability lo onlinue as a going concem for a period of al least I￿Ve￿e months from when the financial stslemenls are aulhorised for issue. Our responsibilities and the responsibilitses of the Trustees wrth respect to going concern aro described in the relevant sections of this report. Page 9 DIFFERENT STROKES (TRUSTEES) LIMITED INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF DIFFERENT STROKES ITRUSTEESI UMITED ICONTINUEDI Othgr infomiatlon The Trustees responsible for the other infomiation. The other information comprises the infomialion included in the Annual report. other than the financial slalemenls and our Auditors, report Ihereon. Our opinion on the financial slalemenls does not cover the other information and, except lo the exlenl otherwise explicitly stsled in our report, we do not express any form of assurance conclusion thereon. In connection with our audi( of the financial slalemenls. Ouf responsibility is to read the other infomialion and, in doing so, consider whether the other infomation is Material￿ inconsislenl with the financial statements or our knowledge obtained in the audit or olheMise appears to be materially misstated. If we idet)tify such material inconsistencies or apparent material misslalemenls, we are required lo determine whether there is a material misstslement in the financial slalemenls or a material misslalemenl of the other information. If, based on the work we have performed, we con¢lude that there is a material misslatemenl of this other information. we are required lo report that fact. We have nothing lo report in this regard. Opinion on other matters prescribed by the Companlos Act 2006 In our opinion. based on the work undertaken in the course of the audit-. the infomalion given in the Trustees. report for the financial year for which the financial statements are prepared is Consislenl wf(h the financial statements. the Trustees, report has been prepared in accordance with applicable legal requirement5. Matters on which we ar• requlred to report by exception In the light of our knowledge and understanding of the charitable company and ils environment ob18ined in the c¢)urse of the audit, we have not identified material misstatements in the Trustees, report. Wè have nothing lo report in respect of the following mallers in relation to which Companies Ad 2006 requires us lo report lo you if, in our opinion.. adequate accounting rocords have not been kept. or returns adequate for our audf( hav¢ not been received from branches not visited by us,. oi the financial slalemenls are not in agreement with the accounting records and retums., or certain disclosures of Trustees, Temuneration specrfied by law are not made., or we have not received all the infomiation and explanations we require for our audrt,. or the Trustees were not enlrtled to prepare the financial stolemenls in accordance with the small companies regime and lake advantsge of the small companies, exemptions in pieparing the Trustees, report and from the requirement lo prepare a Strategic report. Page 10 DIFFERENT STROKES ITRUSTEESI LIMITED INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF DIFFERENT STROKES ITRUSTEES} UMITED ICONTINUEDI R￿PonSIbl15t10S of trustees As explained more fvlly in the T¥uslees' responsibil¢t¢es slalement, the Trustees (who are also the directors of Ihe charitsble company for the purposes of company law} are responsible for the preparation of the financial slalemenls and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary lo enable the preparalKJn of financial statements that are free from material misstatement, whether due lo fraud or ertor. In preparing the financial slalemenls, the Trustees are responsible for assessing the charitable company's ability lo continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless th¢ Trustees either intend lo liquidate the ¢harilable company or lo cease operations, or have no realistic akernats've but to do so. Audltors. responslbllltles for the audlt of the flnancial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material mi5Statement, whether due to fraud or error, and to issue an Auditors, report that includes our opinion. Reasonable assuran￿ is a high level of assuran￿. but is not a guarantee that an audit condLtcted in accordance with ISAS IUKI will always deled a material misstatement when it exists. Misslalemenls can arise from fraud or error and are considered material rf. individually or in the aggregate. they could reasonably be expecled to infiuence the economic decisions of users taken on the basis of these financial slalements. Irregularities, induding fraud, are instsnces of non-compliance wlh laws and regulations. We design procedures in line wth our responsibilities, outlined above, lo detect material misstslemenls in respect of Irregularrties. including fraud. The extent lo which our procedures are capable of d81ecting irregularities, including fraud is detsiled below.. Enquiry of management and those charged with govemance around actual and potential liligalion and claims., Enquiry of entity staff in tax and compliance functions to identify any instances of non-compliance wrth laws and regulations., Perfom)ing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions ¢)ulside the normal course of business and revieing accounting estimates for bias., Reviewing minutes of meetings of those charged wth govemance., Reviewing financial slalemenl disclosuies and testing to supporting documentation lo x¢ess complianee with applicable laws and regulations. A further description of our respon5ibililies for the audit of the financial statements is located on the Financtal Reporting Councifs website at.. wwN.frc.or .￿klaUdrtorsfeS onsibililies. This description fornis port of our ALtdilors' report. Use of our report This report is made solety to the charf(able company's members. as a body. in accordance with Chapter 3 01 Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might $tsle to the charitable company's members those matters we are ￿qUired to slate to them in an Audf(ors' report and for no other PLtrpose. To the fullest extent permitted bylaw. we do not accept or assume responsibility lo anyone other than the charitable ￿MpanY and its rn￿berS, as a body. for OLtr audit work. for this report, or for the ¢)pinions we have formed. Page 11 DIFFERENT STROKES fTRUSTEESI LIMITED INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF DIFFERENT STROKES ITRUSTEESI LIMITED ICONTINUEDI MHA Maclntyre Hudson Chartered Accountants Slatulory Auditors Moorgale House 201 Silbury Boulevard Milton Keynes Buckinghamshi MK91LZ Dale. I Poge 12 DIFFEREKf STROKES (TRUSTEES) LIMITED STATEMENT OF FINANCIAL ACTIVETIES IINCORPORATING INCOME AND EXPENOITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2020 Unrestrl¢ted Deslgnated Restrlcted funds funds funds 2020 2020 2020 Totsl funds 2020 Total funds 2019 Note Income from: Donations and legacies Othe¥ trading activities Other income 154,489 24.241 27,756 43A07 78.280 276,176 24,241 27.756 326.385 71,200 262 Total income 206,486 43.407 78.280 328.173 397,847 Expenditure on: Raising funds Charitable activities 24.930 167.672 24,930 232.693 30.316 356,551 36.300 28.721 Total expenditure 192,602 36.300 28.721 257.623 386,867 Net {outgoing}lincome resources before transfers 13.884 7,107 49,559 70,550 10.980 Gross transfers betsveen funds 6,180 16.1801 Nel income for the year 20,064 927 49,559 70,550 10.980 Reconcilialion of funds: Total funds brought forward Net movement in funds 127,729 20,064 113,055 927 19,507 49,559 280.291 70.550 249,311 10,980 Total funds carried forward 147.793 113982 69.066 330 841 26D,291 The Sl*ement of financial activitie8 includes all gains and josses recoynised in the year. The notes on pages 15 to 29 fomi part of these financial slalemenls. Page13 ## ## ||Note||2020
t||2019f| |---|---|---|---|---|---| |Fixed assets|||||| |Tangible assets|11||354||006
1| ||||354||006
1| |Current assets|||||| |Stocks|12|3,322||4,778|| |Debtors|13|10,506||3,627|| |Cash at bank andinhand||324,902||269,516|| |||338,730||277,921|| |Creditors: amounts falling due within one|||||| |year|14|(8,2431||(18,6s6)|| |Netcurrentassets|||330,487||259,285| |Total assets lesscurrent liabilities|||330,841||260,291| |Netassetsexcluding pension asset|||330,841||260,291| |Total netassets|||330,841||260,291| |Gharityfunds|||||| |Restricted funds|16||69,066||19,507| |Unrestricted funds|16||26',|',775||240,784| |Totalfunds|||330,841||260,291| DIFFERENT STROKES {TRUSTEESI LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 General tnfomiation Orfferenl Strokes (Trusleesl Limi(ed is a private ¢ompany limi(ed by guarantee ineorporated in England and Wales. The registered office is 9 Canon Harnett Court. Wolverton Mill, MIKon Keyne5. MK12 5NF. The aceouTrts have been prepared in GBP and rounded lo the nearest pound. A¢counting policies 2.1 Ba$ls of preparatlon of financial statements The financlal statements have been prepared in accordance wtth the ChaTities SORP {FRS 102) - Accounting and Reporting by Charities.. Slalement ol Recommended Practice applicable lo chaiilie8 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102} and the Companies Act 2006. Different Strokes (TTuslees} Limited meet5 the definition of a publrc benefit entity under FRS 702. Assets and liabilitie5 are inf(ially recognised * historical cost or transadion value unless othe￿iSe slated in the relevant accounting policy. 2.2 Income All incon7e is recognised once the Company has entf(lement lo the income, it is probable that the income will be received and the amount of income receivable can be rneasuied reliably. The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability lo estimate wf(h sufficient accuracy the amount receivable. Evidenee of enlilemenl lo a legacy exists when the Company has sufficient evidence that a gift has been left to them Ilhrough knowledge of the existence of a valid will and the death of the benefactor} and the executor is satisfied that the propèrty in question wll not be required lo satisfy elaims in the eslale. Receipt of a legacy must be Tecognised when (( is probable that il wll be received and the fair value of the amount receivable, which wll generally be the expected cash amount to be distributed lo the Company, ¢an be reliabFy measured. Grants are included in the Slalemenl of financial acliwlies on a reeeivable basis. The balan￿ of income received for specific purposes bul not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of enlillemenl of re￿ipl, ils recognition is deferred and included in creditors as deferred in¢ome. Where entillemenl occurs before income is received, the income is accwed. Other income 1$ recognised in the period In which it is receivable arid to the extent the goods have been provided or on wmpletion of the servi￿. Page15 DIFFERENT STROKES (TRUSTEES) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 A¢¢ounting policies Icontinued} 2.3 Expenditure Expenditure is recognised once there is a legal or conslruclive obligation lo transfer economic benefit lo a third party, il is probable that a transfer of economic benefrts will be required in selllement and the amount of the obligation can be measu¥ed reliably. Expenditure Is classified by activity. The costs of each 8Ctivtty are made up of the total of diroct ¢osls and shared costs, including support costs involved in undertaking each activrty. D1￿cl Costs attributable to a single actNity are allocated directly to that actiwty. Shared costs which contribute lo more than one aetivtty and sUPPOrt costs which are not atlribulable lo a single aclivty are apportioned between those activities on a basis consistent with the use of iesources. Central staff costs are allocated on the basis ol lime spent, and depreciation Charges allocated on the portion of Ihe asset's use. Expenditure on raising funds includes all expenditure incurred by the Company lo raise funds for charitable purposes and includes costs ol all fundraising activities events and non•charilable trading. Expenditure on charilable activities is incurred on directly undertaking the activities which further the Company's objective5, as well as any associated support costs. 2.4 Grants Grants relating to tangible fixed assets are treated as defeired income and released to the Statement of financial activities over the expected useful lives of the asse15 concerned. Other grants are credited to the Slolemenl of financial activities as the related expenditure is incurred. 2.5 Tangible fixed assets and depreciation Tangible fixed assets are initially recognised al cost. After reeognilion, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred lo bring a tangible fixed asset into its intended working ¢ontJilion should be included in the measurement of ¢osl. Depreciation is charged so as lo allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the slraighl-line method. Depreciation is provided on the following basis. Motor vehicles Computer equipment 250A straight line 25% straight line 2.6 Stocks Stocks are valued al the lower of cost and nel realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixèd and variable overheads. 2.7 Debtors Trade and other debtors are recognised at the selllemenl amount after any trade discount offeied. Prepayments aTe valued al the amount prepaid net of any trade discounts due. Page 16 DIFFERENT STROKES {TRUSTEESI LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Accountlng pollcles (contlnuedl 2.8 Cash at bank and In hand Cash 81 bank and in hand includes cash and short-temi highty liquid investments with a short maturity of three months OT less from the dale of acquisition or opening of the deposit or similar a￿unt. 2.9 Llabllltle$ and provisions Llabilrties are recognised when there is an obligation at the Balan￿ Sheet dale as a result of a past event, it is probable that a transfer of economi¢ benefit will be required in settlement, and the amount of the $ettlem¢nl Can be estimated reliably. 'abilities are recognised at the amount that the Company anlicipales rt wll pay to settle the tlebt or the amount il has received as advanced payTnenls for the goods or serwces it mu51 provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted al the pre-tax discount rate that reflects the risks specific lo the liability- Tho unwinding of the discount is recognised in the Slalement of fir7ancial activities as a finance cost. 2.10 Flnanclal Instrumènts The Company only has financial assets and financial liabilities of a kind that qualify as basic financial inslrumenls. Basic financial inslrLtmenls are initial]y recognised at transaction value and subsequently measured al their settlement value wrth the e%￿p￿.on of bank loans which are subsequently measuied at amortised cost using the effective interest method. 2.11 Fund accounting General funds are unrestricted funds which a￿ available for use al the discretion of the Trustees in furtherance of the general objeclives of the Company and which have not been desynaled for other purposes. Designated funds comprise unrestricted funds that have been sol aside by the Trustees for particular purposes. The aim and use of each designated fund is sel out in the notes to the financial slalemenls. Restricted funds are fvnds which are to be ¢Jsed in accordance with specrfic reslriclions imposed by donors or which have been rdised by the Company for Part￿ular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each reslrieted fund is set out in the notes lo the financ￿1 slalements. Page 17 DIFFERENT STROKES ITRUSTEESI LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Income from donation5 and legacies Unre$tri¢ted Restrlcted funds funds 2020 2020 Total funds 2020 Donations Legacies Grants 146,166 6,150 45,580 146,166 6,1SO 123,860 78,280 197,8 78.280 276,176 Unrestricled fui?ds 2019 Restncled lunds 2019 Total funds 2019 Donations Legacies Grants 256, 795 256, 795 41,050 24,540 65,590 301,845 24,540 326,385 Income from other trading activitie5 Income from fundrai$ing events Unrestricted fund$ 2020 Total funds 2020 Fundraising events 24.241 24,241 UnTrstncled funds 2019 Tolal funds 2019 Fundraising events 71.2(X) 71.200 Page 18 DIFFERENT STROKES {TRUSTEESI LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Other incoming resources Unrestrlcted funds 2020 Total funds 2020 Interest receivable Fudough income 27,754 27,754 27,756 27.756 Unrestricted fvnds 2019 Total lunds 2019 Interest receivable 262 262 Analy$Es of expendlture on charltable a¢tlv5tles Summary by fund type Unrestricted Restricted funds funds 2020 2020 Total funds 2020 Staff wsls and depreciation Charitable activities 122,621 81,3S1 28,721 151,342 81,351 203.972 28,721 232.693 Un￿S￿l01ed funds 2019 Restricted funds 2019 Total funds 2019 staff costs and depreciation Charitable activities 151,925 169, 176 151,925 204,626 35.450 321, 101 35,450 356.551 Page 19 DIFFERENT STROKES ITRUSTEES) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Analysis of expenditure by activitiOS Support costs 2020 Total funds 2020 Staff costs and d&preciatK)n Chanlable actiwtie$ 151,342 81,351 151,342 81,351 232,693 232.693 Support costs 2019 Tofral funds 2079 Staff costs and depreciation Charitable a¢livilies 151,925 204,626 151,925 204,626 356,551 356,551 Page 20 DIFFERENT STROKES (TRUSTEES) UMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Analysis of expendlture by activities (eontinuedl Analy$l$ of support costs Support Charitable costs activities 2020 Total funds 2020 2020 Staff costs Dep￿ciall0n and impaiment Insurance Governance costs General Repairs and maintenance Operating lease Bank charges staff training Subscriptions Printing, postage and slalionery Office eosls Direct programming Travel Telephone 150,692 650 150,692 650 1,578 3,294 851 11371 11.635 743 14551 593 3,260 1.180 50.741 1.200 6,868 1.576 3.294 851 (1371 11,635 743 1455) 593 3.260 1.180 50,741 1,200 6,868 151,342 81.351 232,693 Page 21 DIFFERENT STROKES ITRVSTEES) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Analysis of expendlture by actlvltles (¢ontSnuedl Analysls of support costs Icontinuedl Support costs 2019 Charitable activities 2019 Total funds 2019 Staff c051s Depreciation and impairment Insurance Govemance costs General Repairs and maintenance Operating lease Bank charges Staff training Subscriptions Printing, postage and 5talionery Office e051s Direct programming rravel Telephone 150,851 1,074 150,851 I,OT4 3.832 6,661 1. 188 1,173 76,285 503 3,832 6,661 f, 188 t,173 16,285 503 1,592 1,383 5,417 3,425 148,640 7,074 7,453 t,592 1,383 5,417 3,425 148,640 7,074 7,453 151,925 204,626 356,551 Auditors. remuneration The auditors. remuneration amounts lo an auditor fee of £4,350 {2019- £4,350). staff costs 2020 2019 Wages and salaries Social security costs Other pension costs 141,352 137,246 8,688 4.917 4,996 150,692 150,85q Page 22 DIFFERENT STROKES {TRUSTEESI LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Staff costs IcoTrtinued) Tho averagg number of persons employed by the Company Ejuring the year was as follows". 2020 2019 No. Average employees No employee received remuneration amounting to more than £60,000 in either year. The key m8nagemenl personnel duiing 2020 was the Chief Executive Officer. The total remuneration received by the key management personnel during the period amounting to £43.00012019.. £42,000). 10. Trustees. remuneration and expenses During the year, no Truslees recewed any remuneration or other beneffts (2019- £NILJ. During the year ended 31 December 2020, expense5 lotalling £339 were reimbuT5ed or paRI diredly to 3 Trustees (2019- £1, 767 to 4 Trustees). Page 23 DIFFERENT STROKES (TRUSTEES) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 11. Tangible fixed assets Motor vehicles Computer equipment Total Cost or valuation Al 1 January 2020 Disposals 21,499 (21,4991 4.808 26,307 {21,4991 At 31 December 2020 4,808 4,808 Dèpreciation Al 1 January 2020 Charge for the year On disposals 21.498 3.803 651 25,301 651 121,4981 121,4981 At 31 December 2020 4.454 Net book valuè Al 31 December 2020 354 3S4 At 31 December 2019 1,005 1,006 t2. Stocks 2020 2019 Finished goods and goods for resale 3.322 4, 778 Poge 24 DIFFERENT STROKES (TRUSTEES) LlltrllTED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 13. Debtors 2020 2019 Due within one yeai Trade debtors Prepayments and accrued income 418 792 2,835 10,088 10.506 3,627 14. Creditors: Amounts falling due within one year 2020 2019 Trade eredilors Other tsxalion and social security Accruals and deferred income 1,956 3.094 3.193 3.391 3,075 12.170 8.243 78,636 15. Financial instrnments 2020 2019 Flnanclal assets Financial assets measured al fair value through income and expenditure 324.903 269.516 Page 2S DIFFERENT STROKES (TRUSTEES) UMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 16. Ststement of funds Statement of funds- current year Balance at 31 December 2020 Balance at 1 January 2020 Transfers Inlout Income Expenditur Unrestricted funds Deslgnated funds Group funds 113,055 43,407 136,3001 16,1801 113,982 General funds General Fund5 127.729 206.486 1192,6021 6,180 147,793 Total Unrestricted funds 240,784 249,893 1228,9021 261,775 Restri¢tgd funds Reslri¢led funds 19.507 78.280 128,7211 69,066 Total of fund$ 260.291 328,173 12S7,6231 330,841 Page 26 DIFFERENT STROKES ITRUSTEES) UMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 16. Statement of lunds Icontlnuedl Statement of funds - prfor year Balance al 31 Balance at l January 2019 Trnnsfers in/oul December 2019 Income Expenditure Unrestricted funds Deslgnatgd funds Group funds 91,038 127. 609 (99,242J (6,3&1J t 13.055 Ggneral funds General fvnds 127,856 245.698 f252, 175) 6,350 127.729 Totsl Unrestrlcted funds 218,894 373,307 {351,4271 240, 784 Restricted funds Restricted fijnds 30.417 24.540 (35,450) 19,5Q7 Totsl of funds 249,311 397,847 (386.867) 260,291 Page 27 DIFFERENT STROKES ITRUSTEESI LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 17. Designated funds - group funds 2020 2019 Andover Bimiingham Central Birmingham Solihull Boumemouth Bristol Cambridge Carlisle 2.314 9.532 4.882 2,794 4,324 28 2.324 1.740 2,098 975 30 1.316 66 1,584 10, 165 &798 3, 166 3,055 28 2, 135 1, 783 2,258 1,291 30 557 Colchester Covenlry Glasgow Isle of Wight Leeds Central London Central (GI Russell Sl) Londor) East (Redbndgel London North IW¢x>d Greenl London South East (Bexleyl Lonéon South Wesl London Wesl (Hounslow & Chiswickl Loughborough Middlesex Istanmorel Milton Keynes Moray Newport Northampton Norwich Portsmouth Preston Somersel North Southamplon Swindon Tipton Tolnes 158 3,269 6.016 1,028 1,857 5,190 1.082 148 18 1,153 1,338 9,507 6.567 885 1.498 8, 726 8,955 884 7SO 7&) 5,659 1,518 10, 188 2,116 322 26,902 5.998 1,722 7,198 1.739 322 27.775 1,031 925 988 1,087 2,252 878 980 West Kent Windsor York 678 2,644 113,982 113,055 Page 28 DIFFERENT STROKES ITRUSTEESI LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 18. Analysis of net assets botsveén fund$ Analysls of net assets between funds- current perlod UnroStrl¢led Restrlcted funds funds 2020 2020 Total funds 2020 Tangible fixed assets CuNent assets Crèditors due within one ypar 354 269,665 {8,2431 354 69,065 338,730 (8,2431 Total 261,776 69,066 330,841 Analysis of net assets bgtween funds- prlor perlod Unrestricfed funds 2019 R9slrR¢l8d lunds 2019 To181 funds 2019 Tangible fixed assets Current assets Cr¢ditors due within one year 540 258,879 {18,6361 46S 19,042 1,005 277,921 {18636) Total 240,783 19.507 260,290 19. Operatlng lèase commStments Al 31 December 2020 the Company had commitments to make fulL¢re minimum lease payments under non