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2022-12-31-accounts

DocuSign Envelope ID: 28D7D681-EC36-417D-8612-9351E48E0B47

Registered number: 04366893 Charity number: 1092168

DIFFERENT STROKES (TRUSTEES) LIMITED (A Company Limited by Guarantee)

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

DocuSign Envelope ID: 28D7D681-EC36-417D-8612-9351E48E0B47

DIFFERENT STROKES (TRUSTEES) LIMITED (A Company Limited by Guarantee)

CONTENTS

Page
Reference and Administrative Details of the Company, its Trustees and Advisers 1
Trustees' Report 2 - 7
Independent Examiner's Report 8 - 9
Statement of Financial Activities 10
Balance Sheet 11 - 12
Notes to the Financial Statements 13 - 31

DocuSign Envelope ID: 28D7D681-EC36-417D-8612-9351E48E0B47

DIFFERENT STROKES (TRUSTEES) LIMITED (A Company Limited by Guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2022

Trustees Mr R Parmar, Chair
Ms C Bell, Vice Chair
Dr S Sanghera
Ms S A Francis-Myles (resigned 30 May 2022)
Ms H T Bass (resigned 1 November 2022)
Mr R Djan-Krofa
Mr M A Caines, Treasurer
Ms C V Carey
Mr C J Henry (appointed 5 December 2022)
Prof J Hunt (appointed 5 December 2022)
Company registered
number
04366893
Charity registered
number
1092168
Registered office
9 Canon Harnett Court
Wolverton Mill
Milton Keynes
Buckinghamshire
MK12 5NF
Chief executive officer
Mr A Willett
Accountants
Hillier Hopkins LLP
Chartered Accountants
249 Silbury Boulevard
Milton Keynes
MK9 1NA

Page 1

DocuSign Envelope ID: 28D7D681-EC36-417D-8612-9351E48E0B47

DIFFERENT STROKES (TRUSTEES) LIMITED (A Company Limited by Guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

The Trustees present their annual report together with the financial statements of the Different Strokes (Trustees) Limited for the year 1 January 2022 to 31 December 2022. 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 statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

a. Policies and objectives

The Company is established for charity purposes, to relieve persons who have suffered strokes and to support their families and carers.

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

The prime objectives of the charity are to help stroke survivors of under retirement age to optimize their recovery, take control of their own lives and regain as much independence as possible by offering rehabilitative services, information and advice. These objectives are pursued by:

b. Strategies for achieving objectives

The individual strategies employed to achieve the charity's objectives are to:

Page 2

DocuSign Envelope ID: 28D7D681-EC36-417D-8612-9351E48E0B47

DIFFERENT STROKES (TRUSTEES) LIMITED (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Objectives and activities (continued)

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

The description under the headings "Achievements and performance" and "Financial review" meet the company law requirements for the trustees to present a strategic report.

Achievements and performance

a. Main achievements of the Company

In 2022 we set about delivering a new strategic plan, to cover the years 2022-24. The main objectives of this strategic plan are to further develop our support for younger stroke survivors, and to raise greater awareness of both Different Strokes and younger stroke in general. To help achieve this we aimed to develop more partnerships, update our staffing structure and ensure that we had the required funds come into the organisation.

We provided support to stroke survivors in many ways this year, and amongst our specific achievements:

Furthermore, we continued to support stroke survivors in other ways. We ran exercise sessions throughout 2022, and in the last three months of the year we recorded a set of 60 exercise sessions – a structured programme of 12 classes for 5 different levels – which we have uploaded permanently to our You Tube channel, and which we will showcase periodically going forward.

Over the course of the year we ran 25 online networking sessions. These provided an opportunity for stroke survivors to get together, and with no specific agenda, simply talk in confidence with other stroke survivors about the issues that were most important to them.

For the third successive year we ran a virtual conference, where over the course of a week we had 10 webinars in a variety of areas, for people to view free of charge. Sessions included work after stroke, rehabilitation, survivor yoga, post-stroke relationships, stroke and ethnicity, stroke survivor panel discussions on fatigue and the invisible effects of stroke, and an ‘ask the expert’ panel. In total around 600 people joined the sessions live, with them all recorded to be viewed by people who were not able to make it on the day.

We continued to develop our BASS (Black and South Asian Stroke Survivors) Project, and were delighted to recruit Rahael, who had a stroke aged 22, as BASS Project Officer. Rahael’s role is to help raise awareness of younger stroke within Black and Asian communities, and to look at how we can better support people.

We recruited more volunteer ambassadors, and by the end of the year we had 20 individuals in these roles. A major part of this position is for the ambassadors to liaise with Integrated Stroke Delivery Networks (ISDNs), and we developed relationships with key players in the majority of the 20 ISDNs across England. Typically this would involve our ambassador being part of a user voice group within the ISDN, ensuring that the voice of the stroke survivor was heard and helping to increase awareness of younger stroke.

Page 3

DocuSign Envelope ID: 28D7D681-EC36-417D-8612-9351E48E0B47

DIFFERENT STROKES (TRUSTEES) LIMITED (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Achievements and performance (continued)

Increasing awareness of younger stroke remains a key priority, and in addition to achieving this through growing our social media presence, we also had three stories in the mainstream media. The first of these involved a young survivor who continually had her stroke misdiagnosed, leading to delays in her treatment and post-stroke recovery. The second involved a young man who had a stroke after ignoring the warning signs of uncontrolled high blood pressure. The third featured details of a young survivors ‘one-handed life hacks’ which appeared amongst other places on the BBC website, Radio 5 Live, and BBC South.

We entered into more collaborations during the year, which included undertaking a product review and sourcing stroke survivors to take part in research projects. We are also grateful to Bolt Burdon Kemp for sponsoring our virtual conference, to W.L. Gore & Associates for sponsoring a newsletter, and to other organisations for sponsored webpages.

We continued to raise funds from many diverse sources, and this has helped us to achieve financial stability. We held a series of highly successful fundraising events, including ‘March On’, and our annual abseil at the Olympic park. A number of fundraisers took part in the London Landmarks Half Marathon, as well as various other challenge events, and a large sum was raised by a stroke survivor who arranged a polo event on our behalf. Further corporate support came from Pure Healthcare Group and HFMC Wealth, who chose Different Strokes as their Charity of the Year. We also received a large legacy payment of £50,000, which was the main reason why we had a significant surplus on our budget in 2022.

In summary, 2022 was a very successful year, where we helped support more stroke survivors than ever before, raised the profile of the charity, and were financially stable. We are reporting a surplus of £55,437, largely due to the afore-mentioned legacy. This compares to a surplus of £5,841 in 2021.

These figures includes funds which are held by our regional groups. The groups ended 2022 with an operating surplus of £436 and total funds of £117,200. 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 and not considered to be available to finance Central Services.

Different Strokes is registered with the Fundraising Regulator and works in a way that is compliant with the Code of Fundraising Practice

Financial review

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.

Page 4

DocuSign Envelope ID: 28D7D681-EC36-417D-8612-9351E48E0B47

DIFFERENT STROKES (TRUSTEES) LIMITED (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

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 £284,050 for 12 months in 2022, or £142,025 for 6 months. Free reserves totalled £246,134 as of 31st December 2022. Reserves held by the groups totalled £117,200, all of which is represented by cash. The average balance is, however, around £4,000 and because of the fragmented nature of these holdings they are not regarded as being available for central purposes. See note 20 for a detailed breakdown.

c. Financial risk management objectives and policies

Risk management

The Trustees have a Risk Management Strategy which comprises of:

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, charitable trusts and foundations, corporates, and all other supporters. It is only with your very generous support that we are able to raise the required funds to provide our services to younger stroke survivors, and we remain very grateful for your support.

A number of our funders are listed under restricted funds later in this report; amongst our other funders who we would also like to thank for their support in 2022 are:

Bolt Burdon Kemp Arnold Clark Community Fund May Gibson Charitable Trust Mabel Harper Charitable Trust HFMC Wealth Hospital Saturday Fund W.L. Gore & Associates William Howarth Charitable Settlement Irwin Mitchell Lillie Johnson Charitable Trust Marsh Charitable Trust Pease Charitable Trust Pure Healthcare Group Sir James Roll Charitable Trust Sir Jules Thorn Charitable Trust Vandervell Foundation Garfield Weston Foundation

We’d also like to give a huge thank you to our network of volunteers up and down the country, who give up so much of their time to support our groups and to support the charity in other ways; again, we would not be able to do what we do without you.

Page 5

DocuSign Envelope ID: 28D7D681-EC36-417D-8612-9351E48E0B47

DIFFERENT STROKES (TRUSTEES) LIMITED (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Structure, governance and management

a. Constitution

Different Strokes (Trustees) Limited is a company limited by guarantee and not having a share capital is governed by its Memorandum and Articles of Association dated 5th February 2002. The company was incorporated to acquire the assets and undertaking of Different Strokes, an unincorporated charity; this it did on 8th June 2002. The member's liability is limited. Every member of the company undertakes to contribute up to £1 of the assets of the company in the event of it being wound up.

It is a registered charity with the Charity Commission (No. 1092168). The number of members of the company is limited to 50, the present membership is 8 (2021 - 8). Every person desirous of becoming a member must sign and deliver to the company an application for membership. The sole right to membership is vested in the Board of Trustees who may, without showing cause, refuse to admit any application to membership.

b. Methods of appointment or election of Trustees

The business of the Charity is managed by the Board of Trustees and its membership comes from within the members of the company. It is an objective to 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 survivor. 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 charity. At each Annual General Meeting one third of the Trustees, the longest serving since their last election, are required to stand for re-election. Any new Trustee appointed by the Board must stand for election at the Annual General Meeting after his/her appointment.

c. Organisational structure and decision-making policies

The Board meets at least quarterly, with day to 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 charity. To facilitate effective operations the CEO has delegated authority, within the terms of delegation approved by the Trustees, for operational matters including finance and employment.

d. Policies adopted for the induction and training of Trustees

New Trustees undergo an orientation to brief them on their role and the various aspects of the charity's services and to brief them on their legal obligations under charity and company law, the content of the Memorandum and Articles of Association, the committee and decision-making processes, the business plan and recent financial performance of the charity. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.

e. Related party relationships

The charity works closely with other charities within associated service areas; these charities include The Stroke Association, the Neurological Alliance, Chest Heart & Stroke Scotland, and the Medical Technology Group.

Page 6

DocuSign Envelope ID: 28D7D681-EC36-417D-8612-9351E48E0B47

DIFFERENT STROKES (TRUSTEES) LIMITED (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Structure, governance and management (continued)

f. Trustees' indemnities

A policy of third-party indemnity insurance has been in place during the year for the benefits of the Trustees and officers.

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to 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 taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees and signed on their behalf by:

................................................ Mr R Parmar Chair of Trustees Date: 08-06-2023 | 10:59 BST

Page 7

DocuSign Envelope ID: 28D7D681-EC36-417D-8612-9351E48E0B47

DIFFERENT STROKES (TRUSTEES) LIMITED (A Company Limited by Guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

Independent Examiner's Report to the Trustees of Different Strokes (Trustees) Limited ('the Company')

I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 December 2022.

Responsibilities and Basis of Report

As the Trustees of the Company (and 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 the Company's accounts 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 the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Institute of Chartered Accountants in England and Wales (ACA), 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.

Page 8

DocuSign Envelope ID: 28D7D681-EC36-417D-8612-9351E48E0B47

DIFFERENT STROKES (TRUSTEES) LIMITED (A Company Limited by Guarantee)

INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

This report is made solely to the Company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Company's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Company and the Company's Trustees as a body, for my work or for this report.

Signed: Grant Franklin

Dated: 08-06-2023 | 15:08 BST ACA

Hillier Hopkins LLP Chartered Accountants 249 Silbury Boulevard Milton Keynes MK9 1NA

Page 9

DocuSign Envelope ID: 28D7D681-EC36-417D-8612-9351E48E0B47

DIFFERENT STROKES (TRUSTEES) LIMITED

(A Company Limited by Guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2022

Note
Income from:
Donations and legacies
3
Other trading activities
4
Other income
5
Total income
Expenditure on:
Raising funds
6
Charitable activities
7
Total expenditure
Net income before
net gains on
investments
Net gains on
investments
Net income
Transfers between
funds
17
Net movement in
funds
Reconciliation of
funds:
Total funds brought
forward
Net movement in funds
Total funds carried
forward		 Unrestricted
funds
2022
£
169,976
125,058
-
295,034
35,191
222,423
257,614
37,420
128
37,548
8,962
46,510
199,624
46,510
246,134		 Restricted
funds
2022
£
34,927
-
-
34,927
-
26,436
26,436
8,491
-
8,491
-
8,491
28,988
8,491
37,479		 Designated
funds
2022
£
68,699
-
-
68,699
-
59,301
59,301
9,398
-
9,398
(8,962)
436
116,764
436
117,200		 Total
funds
2022
£
273,602
125,058
-
398,660
35,191
308,160
343,351
55,309
128
55,437
-
55,437
345,376
55,437
400,813		 Total
funds
2021
£
181,186
82,292
13,891
277,369
3,725
268,495
272,220
5,149
692
5,841
-
5,841
339,535
5,841
345,376

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 13 to 31 form part of these financial statements.

Page 10

DocuSign Envelope ID: 28D7D681-EC36-417D-8612-9351E48E0B47

DIFFERENT STROKES (TRUSTEES) LIMITED (A Company Limited by Guarantee) REGISTERED NUMBER: 04366893

BALANCE SHEET AS AT 31 DECEMBER 2022

Note
Fixed assets
Tangible assets
12
Investments
13
Current assets
Stocks
14
Debtors
15
Cash at bank and in hand
Creditors: amounts falling due within one
year
16
Net current assets
Total assets less current liabilities
Total net assets
Charity funds
Designated funds
17
Restricted funds
17
Unrestricted funds
17
Total funds		 4,888
10,780
355,268
370,936
(12,698)		 2022
£
6,757
35,819
42,576
358,238
400,814
400,814
117,200
37,479
246,135
400,814		 3,480
12,221
326,657
342,358
(7,702)		 2021
£
5,028
5,692
10,720
334,656
345,376
345,376
116,764
28,988
199,624
345,376

The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

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

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

Page 11

DocuSign Envelope ID: 28D7D681-EC36-417D-8612-9351E48E0B47

DIFFERENT STROKES (TRUSTEES) LIMITED

(A Company Limited by Guarantee) REGISTERED NUMBER: 04366893

BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2022

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

................................................ ................................................ Mr R Parmar Mr M A Caines (Chair of Trustees) (Trustee)

Date: 08-06-2023 | 10:59 BST

The notes on pages 13 to 31 form part of these financial statements.

Page 12

DocuSign Envelope ID: 28D7D681-EC36-417D-8612-9351E48E0B47

DIFFERENT STROKES (TRUSTEES) LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1. General information

Different Strokes (Trustees) Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is 9 Canon Harnett Court, Wolverton Mill, Milton Keynes, MK12 5NF.

The accounts have been prepared in GBP and rounded to the nearest pound.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Different Strokes (Trustees) Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Income

All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Company has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Company, can be reliably measured.

Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

Page 13

DocuSign Envelope ID: 28D7D681-EC36-417D-8612-9351E48E0B47

DIFFERENT STROKES (TRUSTEES) LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

2. Accounting policies (continued)

2.3 Expenditure

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 allocated on the portion of the asset’s use.

Expenditure on raising funds includes all expenditure incurred by the Company to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.

2.4 Government grants

Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of Financial Activities over the expected useful lives of the assets concerned. Other grants are credited to the Statement of Financial Activities as the related expenditure is incurred.

2.5 Tangible fixed assets and depreciation

Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment - 25%

2.6 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of Financial Activities.

Page 14

DocuSign Envelope ID: 28D7D681-EC36-417D-8612-9351E48E0B47

DIFFERENT STROKES (TRUSTEES) LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

2. Accounting policies (continued)

2.7 Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.8 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.9 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.10 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must 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 at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.

2.11 Financial instruments

The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.12 Operating leases

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 15

DocuSign Envelope ID: 28D7D681-EC36-417D-8612-9351E48E0B47

DIFFERENT STROKES (TRUSTEES) LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

2. Accounting policies (continued)

2.13 Pensions

The Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Company to the fund in respect of the year.

2.14 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.

Designated funds comprise funds which are held by local groups for the purpose of providing services to stroke survivors in the local area. The groups have autonomy as to how to spend these funds, and they are not freely available to be spent by central services.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

3. Income from donations and legacies

Unrestricted
funds
2022
£
Donations
70,468
Legacies
50,244
Grants
49,264
169,976
Unrestricted
funds
2021
£
Donations
86,793
Legacies
100
Grants
47,022
133,915		 Restricted
funds
2022
£
-
-
34,927
34,927
Restricted
funds
2021
£
5,618
-
7,570
13,188		 Designated
funds
2022
£
68,699
-
-
68,699
Designated
funds
2021
£
34,083
-
-
34,083		 Total
funds
2022
£
139,167
50,244
84,191
273,602
Total
funds
2021
£
126,494
100
54,592
181,186

Page 16

DocuSign Envelope ID: 28D7D681-EC36-417D-8612-9351E48E0B47

DIFFERENT STROKES (TRUSTEES) LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

4. Income from other trading activities

Income from fundraising events

Unrestricted
funds
2022
£
Fundraising events
125,058
Unrestricted
funds
2021
£
Fundraising events
82,292
5.
Other incoming resources
Furlough income
Unrestricted
funds
2021
£
Furlough income
13,891		 Total
funds
2022
£
125,058
Total
funds
2021
£
82,292
Total
funds
2022
£
-
Total
funds
2021
£
13,891

Page 17

DocuSign Envelope ID: 28D7D681-EC36-417D-8612-9351E48E0B47

DIFFERENT STROKES (TRUSTEES) LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

6. Expenditure on raising funds

Costs of raising voluntary income

Fundraising trading expenses

Unrestricted
funds
2022
£
Direct costs
19,263
Wages and salaries
13,847
Employers NIC
1,387
Pension costs
694
35,191
Fundraising trading expenses (continued)
Unrestricted
funds
2021
£
Direct costs
3,725		 Total
funds
2022
£
19,263
13,847
1,387
694
35,191
Total
funds
2021
£
3,725

7. Analysis of expenditure on charitable activities

Summary by fund type

Unrestricted Restricted Designated
funds funds funds Total
2022 2022 2022 2022
£ £ £ £
Charitable activites 222,423 26,436 59,301 308,160

Page 18

DocuSign Envelope ID: 28D7D681-EC36-417D-8612-9351E48E0B47

DIFFERENT STROKES (TRUSTEES) LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

7. Analysis of expenditure on charitable activities (continued)

Summary by fund type (continued)

Unrestricted Restricted Designated
funds funds funds Total
2021 2021 2021 2021
£ £ £ £
Charitable activites 181,328 53,266 33,901 268,495

8. Analysis of expenditure by activities

Charitable activites
Charitable activites		 Activities
undertaken
directly
2022
£
308,160
Activities
undertaken
directly
2021
£
268,495		 Total
funds
2022
£
308,160
Total
funds
2021
£
268,495

Page 19

DocuSign Envelope ID: 28D7D681-EC36-417D-8612-9351E48E0B47

DIFFERENT STROKES (TRUSTEES) LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

8. Analysis of expenditure by activities (continued)

Analysis of direct costs

Staff costs
Depreciation
Insurance
Governance costs
General
Repairs and maintenance
Rent
Bank charges
Staff training
Subscriptions
Printing, postage and stationery
Office costs
Direct programming
Travel
Telephone		 Total
funds
2022
£
164,124
1,671
1,681
5,242
625
366
13,329
911
1,447
1,187
5,101
1,538
98,867
1,615
10,456
308,160		 Total
funds
2021
£
119,336
1,307
179
6,468
237
822
6,538
808
2,413
1,286
4,864
1,189
114,745
852
7,451
268,495

9. Independent examiner's remuneration

The independent examiner's remuneration amounts to an independent examiner fee of £2,400 ( 2021 - auditors remuneration £4,350 ).

10. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2022
£
164,840
8,569
6,643
180,052		 2021
£
107,966
-
11,370
119,336

Page 20

DocuSign Envelope ID: 28D7D681-EC36-417D-8612-9351E48E0B47

DIFFERENT STROKES (TRUSTEES) LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

10. Staff costs (continued)

The average number of persons employed by the Company during the year was as follows:

2022 2021
No. No.
Average employees 10 9

No employee received remuneration amounting to more than £60,000 in either year.

The key management personnel during 2022 was the Chief Executive Officer. The total remuneration received by the key management personnel during the period amounting to £53,668 (2021 - £49,866).

11. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2021 - £NIL) .

During the year ended 31 December 2022, no Trustee expenses have been incurred (2021 - £NIL) .

12. Tangible fixed assets

Cost or valuation
At 1 January 2022
Additions
At 31 December 2022
Depreciation
At 1 January 2022
Charge for the year
At 31 December 2022
Net book value
At 31 December 2022
At 31 December 2021		 Computer
equipment
£
10,789
3,400
14,189
5,761
1,671
7,432
6,757
5,028

Page 21

DocuSign Envelope ID: 28D7D681-EC36-417D-8612-9351E48E0B47

DIFFERENT STROKES (TRUSTEES) LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
13.
Fixed asset investments
Cost or valuation
At 1 January 2022
Additions
Revaluations
At 31 December 2022
Net book value
At 31 December 2022
At 31 December 2021
14.
Stocks
Finished goods and goods for resale
15.
Debtors
Due within one year
Trade debtors
Prepayments and accrued income		 2022
£
4,888
2022
£
-
10,780
10,780		 Listed
investments
£
5,692
30,000
127
35,819
35,819
5,692
2021
£
3,480
2021
£
635
11,586
12,221

Page 22

DocuSign Envelope ID: 28D7D681-EC36-417D-8612-9351E48E0B47

DIFFERENT STROKES (TRUSTEES) LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

16. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income		 2022
£
1,337
3,098
1,068
7,195
12,698		 2021
£
198
2,332
804
4,368
7,702

17. Statement of funds

Statement of funds - current year

Unrestricted
funds
General funds
Designated
funds
Group funds		 Balance at 1
January
2022
£
199,624
199,624
116,764		 Income
£
295,034
295,034
68,699		 Expenditure
£
(257,613)
(257,613)
(59,301)		 Transfers
in/out
£
8,962
8,962
(8,962)		 Gains/
(Losses)
£
128
128
-		 Balance at
31
December
2022
£
246,135
246,135
117,200

Page 23

DocuSign Envelope ID: 28D7D681-EC36-417D-8612-9351E48E0B47

DIFFERENT STROKES (TRUSTEES) LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

17. Statement of funds (continued)

Balance at 1 Balance at
January Transfers Gains/ 31 December
2022 Income Expenditure in/out (Losses) 2022
£ £ £ £ £ £
Restricted funds
Charles French 3,200 - (3,200) - - -
Hugh Fraser
Foundation
(Scotland) 2,800 - - - - 2,800
Ella Rhodes Legacy 520 80 (600) - - -
February Foundation 1,300 5,000 (2,100) - - 4,200
Sainsbury's Logisitcs
Team 2,350 - (2,350) - - -
Souter (Scotland) 1,000 - - - - 1,000
Belstead Trust 350 1,000 (350) - - 1,000
Charis Trust 350 - (350) - - -
Sovereign Health
Care 1,300 3,000 (1,300) - - 3,000
Percy's Pals 10,000 - (6,667) - - 3,333
Inner Wheel Leeds 200 - (200) - - -
Portsmouth Group 3,000 - - - - 3,000
Manchester Group 2,618 - - - - 2,618
Earl Fitzwilliam
Charitable Trust - 1,000 (1,000) - - -
Awards for all -
National Lottery - 9,997 (7,904) - - 2,093
Alice Ellen Cooper-
Dean Charitable
Foundation - 5,000 - - - 5,000
George A. Moore
Foundation - 1,500 - - - 1,500
Market Harborough
group - 1,035 (415) - - 620
London West Group - 6,515 - - - 6,515
Diss Group - 800 - - - 800

Page 24

DocuSign Envelope ID: 28D7D681-EC36-417D-8612-9351E48E0B47

DIFFERENT STROKES (TRUSTEES) LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

17. Statement of funds (continued)

Statement of funds - current year (continued)

----- Start of picture text -----
Balance at
Balance at 1 31
January Transfers Gains/ December
2022 Income Expenditure in/out (Losses) 2022
£ £ £ £ £ £
28,988 34,927 (26,436) - 37,479
Total of funds 345,376 398,660 (343,350) - 128 400,814
-
----- End of picture text -----

Restricted funds description

Schroder Charitable Trust - To support on line activities Charles French Charitable Trust - To support our work in East Anglia Hugh Fraser Foundation - To support development in Scotland and online activities Ella Rhodes Legacy - To support the development of new groups Cuttsy Cares - To support online exercise February Foundation - To support our teen and young adult befriending service Sainsbury's Logistics Team - To support our teen and young adult befriending service Souter - To support development in Scotland Sylken Charitable Trust - To support our work in Shropshire and the West Midlands Belstead Trust - To support our work in East Anglia Charis Trust - To support our work in East Anglia Sovereign Healthcare Fund - To support our work in West Yorkshire Hobson Charitable Trust - To support groups meeting online via 'Zoom' Percy's Pals - To support core services, projects and work in the Hampshire area Inner Wheel Leeds - To support our work in Leeds Drapers Charitable Trust - To support online activities Portsmouth group - Funds held on behalf of Portsmouth group Manchester group - Funds held on behalf of Manchester group Earl Fitzwilliam Charitable Trust - To support our work in Yorkshire

Awards for All – National Lottery - To support exercise sessions, befriending and our BASS Project Alice Ellen Cooper-Dean Charitable Foundation - To support our work in Hampshire George A. Moore Foundation - To support our work in West Yorkshire Market Harborough group - Funds held on behalf of the Market Harborough group London West group - Funds held on behalf of the London West group Diss group - Funds held on behalf of the Diss group

The transfers between the general unrestricted funds and the designated funds are where the groups give donations to the central services.

Page 25

DocuSign Envelope ID: 28D7D681-EC36-417D-8612-9351E48E0B47

DIFFERENT STROKES (TRUSTEES) LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

17. Statement of funds (continued)

Statement of funds - prior year

Unrestricted
funds
General Funds
Designated
funds
Group funds		 Balance at
1 January
2021
£
147,793
-
147,793
122,676		 Income
£
230,098
-
230,098
34,083		 Expenditure
£
(185,053)
-
(185,053)
(33,901)		 Transfers
in/out
£
6,094
-
6,094
(6,094)		 Gains/
(Losses)
£
692
-
692
-		 Balance at
31
December
2021
£
199,624
-
199,624
116,764

Page 26

DocuSign Envelope ID: 28D7D681-EC36-417D-8612-9351E48E0B47

DIFFERENT STROKES (TRUSTEES) LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

17. Statement of funds (continued)

Restricted funds
Schroder Charitable Trust
Charles French
Hugh Fraser Foundation
(Scotland)
Ella Rhodes Legacy
February Foundation
Sainsbury's Logisitcs Team
Souter (Scotland)
Belstead Trust
Charis Trust
Sovereign Health Care
Percy's Pals
Inner Wheel Leeds
Portsmouth Group
Manchester Group
Earl Fitzwilliam Charitable
Trust
Awards for all - National
Lottery
Alice Ellen Cooper-Dean
Charitable Foundation
George A. Moore Foundation
Market Harborough group
London West Group
Drapers Charitable Trust
Cuttsy Cares
Sylken Charitable Trust
Hobson Charitable Trust
Total of funds		 Balance
at
1 January
2021
£
4,000
-
5,250
500
-
3,900
1,000
1,050
1,050
2,500
42,900
1,800
-
-
-
-
-
-
-
-
4,500
-
400
216
69,066
339,535		 Income
£

-
3,200
-
120
4,000
-
-
-
-
-
-
-
3,000
2,618
-
-
-
-
-
-
-
250
-
-
13,188
277,369		 Expenditure
£

(4,000)
-
(2,450)
(100)
(2,700)
(1,550)
-
(700)
(700)
(1,200)
(32,900)
(1,600)
-
-
-
-
-
-
-
-
(4,500)
(250)
(400)
(216)
(53,266)
(272,220)		 Transfers
in/out
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Gains/
(Losses)
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
692		 Balance at
31
December
2021
£
-
3,200
2,800
520
1,300
2,350
1,000
350
350
1,300
10,000
200
3,000
2,618
-
-
-
-
-
-
-
-
-
-
28,988
345,376

Page 27

DocuSign Envelope ID: 28D7D681-EC36-417D-8612-9351E48E0B47

DIFFERENT STROKES (TRUSTEES) LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

~~17.~~

18. Summary of funds

Summary of funds - current year

General funds
Designated
funds
Restricted funds		 Balance at 1
January
2022
£
199,624
116,764
28,988
345,376		 Income
£
295,034
68,699
34,927
398,660
Income
£
230,098
34,083
13,188
277,369		 Expenditure
£
(257,613)
(59,301)
(26,436)
(343,350)
Expenditure
£
(185,053)
(33,901)
(53,266)
(272,220)		 Transfers
in/out
£
8,962
(8,962)
-
-
Transfers
in/out
£
6,094
(6,094)
-
-		 Gains/
(Losses)
£
128
-
-
128
Gains/
(Losses)
£
692
-
-
692		 Balance at
31
December
2022
£
246,135
117,200
37,479
400,814
Balance at
31
December
2021
£
199,624
116,764
28,988
Summary of funds - prior year
General funds
Designated
funds
Restricted funds		 Balance at
1 January
2021
£
147,793
122,676
69,066
339,535
345,376

Page 28

DocuSign Envelope ID: 28D7D681-EC36-417D-8612-9351E48E0B47

DIFFERENT STROKES (TRUSTEES) LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

19. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted
funds
2022
£
6,757
35,819
216,256
(12,697)
Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Total
246,135		 Restricted
funds
2022
£
-
-
37,479
-
37,479		 Designated
funds
2022
£
-
-
117,200
-
117,200		 Total
funds
2022
£
6,757
35,819
370,935
(12,697)
400,814

Analysis of net assets between funds - prior year

Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2021
£
5,028
5,692
313,370
(7,702)
316,388		 Restricted
funds
2021
£
-
-
28,988
-
28,988		 Designated
funds
2021
£
-
-
-
-
-		 Total
funds
2021
£
5,028
5,692
342,358
(7,702)
345,376

Page 29

DocuSign Envelope ID: 28D7D681-EC36-417D-8612-9351E48E0B47

DIFFERENT STROKES (TRUSTEES) LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

20. Designated funds - group funds

Andover
Birmingham Central
Birmingham Solihull
Bristol
Cambridge
Carlisle
Colchester
Coventry
Glasgow
Isle of Wight
Leeds Central
London Central (Gt Russell St)
London East (Redbridge)
London North (Wood Green)
London South East (Bexley)
London West (Hounslow & Chiswick)
Loughborough
Middlesex (Stanmore)
Market Harborough
Milton Keynes
Moray
Newport
Northampton
Norwich
Portsmouth
Preston
Southampton
Tipton
Totnes
West Kent
Whitstable
Windsor
York		 2022
£
1,778
10,481
2,453
3,674
28
2,086
1,370
-
562
30
1,174
67
3,662
17,502
357
120
-
9,652
59
5,467
887
-
8,044
897
6,604
734
29,598
883
616
1,647
470
-
6,298
117,200		 2021
£
1,914
9,734
3,595
4,317
28
2,234
530
1,748
975
30
2,343
68
4,639
8,319
1,000
69
1,338
9,358
-
5,222
886
750
8,082
1,690
7,443
1,739
28,157
1,007
988
1,723
-
1,226
5,612
116,764

Page 30

DocuSign Envelope ID: 28D7D681-EC36-417D-8612-9351E48E0B47

DIFFERENT STROKES (TRUSTEES) LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

21. Pension commitments

The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the group to the fund and amounted to £6,643 (2021 - £11,370. Contributions totalling £1,068 (2021 - £804) were payable to the fund at the balance sheet date and are included in creditors.

22. Operating lease commitments

At 31 December 2022 the Company had commitments to make future minimum lease payments under non-cancellable operating leases as follows:

Not later than 1 year
Later than 1 year and not later than 5 years		 2022
£
12,008
3,885
15,893		 2021
£
12,008
15,246
27,254

Page 31