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2023-12-31-accounts

DocuSign Envelope ID: BCE8BAF0-ABD6-4D9E-9666-CD47B85CC32D

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 2023

DocuSign Envelope ID: BCE8BAF0-ABD6-4D9E-9666-CD47B85CC32D

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 - 8
Independent Examiner's Report 9 - 10
Statement of Financial Activities 11
Balance Sheet 12 - 13
Notes to the Financial Statements 14 - 33

DocuSign Envelope ID: BCE8BAF0-ABD6-4D9E-9666-CD47B85CC32D

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 2023

Trustees Mr R Parmar, Chair
Ms C Bell, Vice Chair
Dr S Sanghera
Mr R Djan-Krofa
Mr M A Caines, Treasurer
Ms C V Carey
Mr C J Henry
Prof J Hunt
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: BCE8BAF0-ABD6-4D9E-9666-CD47B85CC32D

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

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

The Trustees present their annual report together with the financial statements of the Different Strokes (Trustees) Limited for the 1 January 2023 to 31 December 2023. 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: BCE8BAF0-ABD6-4D9E-9666-CD47B85CC32D

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

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

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

2023 was an excellent year for Different Strokes, where we supported large numbers of stroke survivors, undertook significant work to raise awareness of younger stroke and further grew our staff team.

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

After three successive years of running virtual conferences, we held two face-to-face events. These events, held in Reading and Sheffield, were a great success, with around 50 stroke survivors attending each of them. At each event we had a keynote talk from a stroke survivor, informal workshops on a range of subjects, and plenty of time for networking. A number of corporate and commercial organisations that we informally collaborate with attending the event, where they exhibited their products/services for stroke survivors, and we also used the opportunity to film video stories with 15 stroke survivors. It was the first time that we had had large numbers of stroke survivors together in a room since before Covid, and the feedback we received was excellent, with the main highlight simply being the opportunity for stroke survivors to talk with each other and share stories.

A major piece of work this year was reviewing and updating our Children’s Resource Packs. These materials were originally produced in 2010, and were developed to help children understand, in age appropriate language, what had happened when their mum or dad had a stroke. After 13 years of using the same materials, we felt that they needed an update, and that we needed to better reflect the diversity and heterogeneous nature of families affected by the stroke. On our packs for younger children we worked with a highly skilled illustrator and designer, who created some fantastic artwork, while for our materials aimed at teenagers we interviewed and included the stories of five young people whose family had been affected by stroke. We were also very grateful for the input of a child therapist. The end result is that we have created three new resources - a beautiful storybook for children aged 3-7, a booklet for kids aged 8-12, and a helpful guide for teens aged 13-18. Initial feedback on these has been excellent. My thanks goes to Bolt Burdon Kemp and Ipsen, for not only supporting us to produce these materials but for sponsoring our events as mentioned above.

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DocuSign Envelope ID: BCE8BAF0-ABD6-4D9E-9666-CD47B85CC32D

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

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

Achievements and performance (continued)

We have continued to develop our BASS (Black and South Asian Stroke Survivors) Project, and we have done this through our BASS Project Officer, Rahael, highlighting this on community radio, through visiting relevant places of worship, speaking at an open-mic event, and increasing our contacts with researchers, other organisations and individuals that have an interest in this area. We also organised a major session about Stroke and Ethnicity at the 2023 UK Stroke Forum, where speakers included Richard, our Trustee, talking about his personal experience as a Black Stroke Survivor, and Austin, our CEO. Austin also chaired a session at the UK Stroke Forum about sex and relationships after stroke.

We have sought to raise awareness of younger stroke in the media, and highlights this year have included an hour long special on younger stroke on BBC Radio 5 Live (featuring Austin, and two stroke survivors), and a feature on BBC1 Morning Live. We have had various media pieces in the Mirror and regional publications such as Manchester World and Yorkshire Evening Post, featuring the stories of a number of stroke survivors that we have been working with. A particular focus here has been on the misdiagnosis of younger stroke, and how people are more likely to have their stroke missed if they are both young and exhibiting with non-FAST symptoms. On this subject, we also jointly delivered (alongside the NHS England Clinical Lead for Stroke) a presentation to BIASP (British and Irish Association of Stroke Physicians) a webinar about how not all strokes present with FAST symptoms.

To reflect the fact that the charity has seen increases in our workload, we introduced two new staff posts. We brought in a new administrator position, to be first point of contact on phone and email, and to help free up the time of other staff members for more service delivery activity. We also introduced the role of marketing assistant, to work closely with our Marketing Manager and help us further with our promotional activities and awareness raising work. These posts were initially introduced on a 12 month contract, but subsequent to this we have made them permanent.

Our funding situation continued to be very healthy. We have successfully diversified our income sources in recent years, meaning that we are not too reliable on one source, which provides good financial stability. A particular success was the amount that we raised through fundraising events, where a total of 149 individuals helped to raise £83,000 – a record year. We also received a large donation from a private individual and a substantial legacy payment, and we have used part of these funds to establish a bursary fund within our designated funds. This will see us provide financial support to stroke survivors who require additional poststroke rehabilitation but lacks the funds themselves to pay for this. We expect to provide the first payments for these in Spring 2024.

We are reporting a surplus for the year of £133,334. This large surplus is largely due to the afore-mentioned one-off donation and the legacy, which we have not yet started to spend through our bursary fund. This compares to a surplus of £55,437 in 2022.

These figures include funds which are held by our regional groups. The groups ended 2023 with an operating surplus of £24,550 and total funds of £151,604. 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. £60,000 for our bursary fund is also shown within designated funds.

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

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DocuSign Envelope ID: BCE8BAF0-ABD6-4D9E-9666-CD47B85CC32D

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

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

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.

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 £341,960 for 12 months in 2023, or £170,980 for 6 months. Free reserves totalled £315,780 as of 31st December 2023. Reserves held by the groups totalled £151,604, all of which is represented by cash. The average balance is, however, around £4,700 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 2023 are:

Lord Barnby’s Foundation Bolt Burdon Kemp LLP Cognitant FDR Trust Hawthorne Charitable Trust HFMC Wealth Inman Charity Ipsen Irving Memorial Trust

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DocuSign Envelope ID: BCE8BAF0-ABD6-4D9E-9666-CD47B85CC32D

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

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

Thanks (continued)

Irwin Mitchell LLP Marsh Charitable Trust PF Charitable Trust Sir James Roll Charitable Trust Adrian Swire 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.

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 (2022 - 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.

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DocuSign Envelope ID: BCE8BAF0-ABD6-4D9E-9666-CD47B85CC32D

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

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

Structure, governance and management (continued)

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 and not-for-profit organisations within associated service areas; these bodies include The Stroke Association, the Neurological Alliance, Chest Heart & Stroke Scotland, and the Medical Technology Group.

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 . 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.

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DocuSign Envelope ID: BCE8BAF0-ABD6-4D9E-9666-CD47B85CC32D

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

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

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

................................................ B59C973BD978422... Mr R Parmar Chair of Trustees 19-06-2024 | 10:11 BST Date:

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DocuSign Envelope ID: BCE8BAF0-ABD6-4D9E-9666-CD47B85CC32D

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

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

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 2023.

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.

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DocuSign Envelope ID: BCE8BAF0-ABD6-4D9E-9666-CD47B85CC32D

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

INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

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.

[Frovtlin] 26-06-2024 | 09:39 BST Signed:[Crant] Dated: 512213CD94334AB... Grant Franklin ACA

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

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DocuSign Envelope ID: BCE8BAF0-ABD6-4D9E-9666-CD47B85CC32D

DIFFERENT STROKES (TRUSTEES) LIMITED

(A Company Limited by Guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2023

Note
Income and
endowments from:
Donations and legacies
3
Other trading activities
4
Investments
5
Total income
Expenditure on:
Raising funds
6
Charitable activities
7
Total expenditure
Net
income/(expenditure)
before net gains on
investments
Net gains on
investments
Net
income/(expenditure)
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
2023
£
217,444
153,184
3,804
374,432
40,963
271,334
312,297
62,135
3,811
65,946
3,699
69,645
246,135
69,645
315,780		 Restricted
funds
2023
£
12,500
-
-
12,500
-
29,662
29,662
(17,162)
-
(17,162)
(13,553)
(30,715)
37,479
(30,715)
6,764		 Designated
funds
2023
£
175,999
-
-
175,999
-
91,449
91,449
84,550
-
84,550
9,854
94,404
117,200
94,404
211,604		 Total
funds
2023
£
405,943
153,184
3,804
562,931
40,963
392,445
433,408
129,523
3,811
133,334
-
133,334
400,814
133,334
534,148		 Total
funds
2022
£
273,602
124,931
127
398,660
35,191
308,160
343,351
55,309
128
55,437
-
55,437
345,377
55,437
400,814

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

The notes on pages 14 to 33 form part of these financial statements.

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DocuSign Envelope ID: BCE8BAF0-ABD6-4D9E-9666-CD47B85CC32D

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

BALANCE SHEET AS AT 31 DECEMBER 2023

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		 6,003
14,234
414,945
435,182
(11,587)		 2023
£
5,930
104,623
110,553
423,595
534,148
534,148
211,604
6,764
315,780
534,148		 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

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.

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DocuSign Envelope ID: BCE8BAF0-ABD6-4D9E-9666-CD47B85CC32D

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

BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2023

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

................................................ B59C973BD978422... ................................................ F690B12D5E1942A... Mr R Parmar Mr M A Caines Chair of Trustees Trustee 18-06-2024 | 19:44 BST 19-06-2024 | 10:11 BST Date:

The notes on pages 14 to 33 form part of these financial statements.

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DocuSign Envelope ID: BCE8BAF0-ABD6-4D9E-9666-CD47B85CC32D

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

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.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

2.3 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.

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DocuSign Envelope ID: BCE8BAF0-ABD6-4D9E-9666-CD47B85CC32D

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

2. Accounting policies (continued)

2.4 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.

2.5 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.

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.

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DocuSign Envelope ID: BCE8BAF0-ABD6-4D9E-9666-CD47B85CC32D

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

2. Accounting policies (continued)

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.

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.

Page 16

DocuSign Envelope ID: BCE8BAF0-ABD6-4D9E-9666-CD47B85CC32D

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

2. Accounting policies (continued)

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.

Investment income, gains and losses are allocated to the appropriate fund.

3. Income from donations and legacies

Unrestricted
funds
2023
£
Donations
136,773
Legacies
10,921
Grants
69,750
217,444
Unrestricted
funds
2022
£
Donations
70,468
Legacies
50,244
Grants
49,264
169,976		 Restricted
funds
2023
£
-
-
12,500
12,500
Restricted
funds
2022
£
-
-
34,927
34,927		 Designated
funds
2023
£
145,999
30,000
-
175,999
Designated
funds
2022
£
68,699
-
-
68,699		 Total
funds
2023
£
282,772
40,921
82,250
405,943
Total
funds
2022
£
139,167
50,244
84,191
273,602

Page 17

DocuSign Envelope ID: BCE8BAF0-ABD6-4D9E-9666-CD47B85CC32D

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

4. Income from other trading activities

Income from fundraising events

Unrestricted
funds
2023
£
Fundraising events
153,184
Unrestricted
funds
2022
£
Fundraising events
124,931
Investment income
Unrestricted
funds
2023
£
Income from local listed investments
3,804
Unrestricted
funds
2022
£
Income from local listed investments
127		 Total
funds
2023
£
153,184
Total
funds
2022
£
124,931
Total
funds
2023
£
3,804
Total
funds
2022
£
127

5. Investment income

Page 18

DocuSign Envelope ID: BCE8BAF0-ABD6-4D9E-9666-CD47B85CC32D

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

6. Expenditure on raising funds

Costs of raising voluntary income

Fundraising trading expenses

Unrestricted
funds
2023
£
Direct costs
24,127
Wages and salaries
14,700
Employers NIC
1,401
Pension costs
735
40,963		 Total
funds
2023
£
24,127
14,700
1,401
735
40,963

Fundraising trading expenses (continued)

Direct costs
Wages and salaries
Employers NIC
Pension costs		 Unrestricted
funds
2022
£
19,263
13,847
1,387
694
35,191		 Total
funds
2022
£
19,263
13,847
1,387
694
35,191

Page 19

DocuSign Envelope ID: BCE8BAF0-ABD6-4D9E-9666-CD47B85CC32D

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

7. Analysis of expenditure on charitable activities

Summary by fund type

Unrestricted
funds
2023
£
Charitable activites
271,334
Unrestricted
funds
2022
£
Charitable activites
222,423		 Restricted
funds
2023
£
29,662
Restricted
funds
2022
£
26,436		 Designated
funds
2023
£
91,449
Designated
funds
2022
£
59,301		 Total
2023
£
392,445
Total
2022
£
308,160

8. Analysis of expenditure by activities

Charitable activites
Charitable activites		 Activities
undertaken
directly
2023
£
392,445
Activities
undertaken
directly
2022
£
308,160		 Total
funds
2023
£
392,445
Total
funds
2022
£
308,160

Page 20

DocuSign Envelope ID: BCE8BAF0-ABD6-4D9E-9666-CD47B85CC32D

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

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
2023
£
193,646
2,633
1,758
4,933
2,088
426
11,768
866
3,404
1,152
6,598
1,100
151,689
3,149
7,235
392,445		 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

9. Independent examiner's remuneration

The independent examiner's remuneration amounts to an independent examiner fee of £2,650 ( 2022 - £2,400 ).

10. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2023
£
193,900
8,902
7,679
210,481		 2022
£
164,840
8,569
6,643
180,052

Page 21

DocuSign Envelope ID: BCE8BAF0-ABD6-4D9E-9666-CD47B85CC32D

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

10. Staff costs (continued)

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

2023 2022
No. No.
Average employees 12 10

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

The key management personnel during 2023 was the Chief Executive Officer. The total remuneration received by the key management personnel during the period amounting to £55,769 (2022 - £53,668).

11. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2022 - £NIL) .

During the year ended 31 December 2023, no Trustee expenses have been incurred (2022 - £NIL) .

12. Tangible fixed assets

Cost or valuation
At 1 January 2023
Additions
At 31 December 2023
Depreciation
At 1 January 2023
Charge for the year
At 31 December 2023
Net book value
At 31 December 2023
At 31 December 2022		 Computer
equipment
£
14,189
1,806
15,995
7,432
2,633
10,065
5,930
6,757

Page 22

DocuSign Envelope ID: BCE8BAF0-ABD6-4D9E-9666-CD47B85CC32D

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

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
13.
Fixed asset investments
Cost or valuation
At 1 January 2023
Additions
Revaluations
At 31 December 2023
Net book value
At 31 December 2023
At 31 December 2022
14.
Stocks
Finished goods and goods for resale
15.
Debtors
Due within one year
Trade debtors
Prepayments and accrued income		 2023
£
6,003
2023
£
272
13,961
14,233		 Listed
investments
£
35,819
65,000
3,804
104,623
104,623
35,819
2022
£
4,888
2022
£
-
10,780
10,780

Page 23

DocuSign Envelope ID: BCE8BAF0-ABD6-4D9E-9666-CD47B85CC32D

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

16. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income		 2023
£
1,278
3,820
1,354
5,136
11,588		 2022
£
1,337
3,098
1,068
7,195
12,698

17. Statement of funds

Statement of funds - current year

Unrestricted
funds
General funds
Designated
funds
Group funds
Bursary fund		 Balance at 1
January
2023
£
246,135
117,200
-
117,200		 Income
£
374,432
115,999
60,000
175,999		 Expenditure
£
(312,297)
(91,449)
-
(91,449)		 Transfers
in/out
£
3,699
9,854
-
9,854		 Gains/
(Losses)
£
3,811
-
-
-		 Balance at
31
December
2023
£
315,780
151,604
60,000
211,604

Page 24

DocuSign Envelope ID: BCE8BAF0-ABD6-4D9E-9666-CD47B85CC32D

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

17. Statement of funds (continued)

Balance at
1 January
2023
£
Restricted funds
D’Oyly Carte Charitable
Foundation
-
Ken & Edna Morrison
Charitable Trust
-
Barleycorn Trust
-
Charles S. French
Charitable Trust
-
Hugh Fraser Foundation
(Scotland)
2,800
February Foundation
4,200
Souter (Scotland)
1,000
Belstead Trust
1,000
Charis Trust
-
Sovereign Health Care
3,000
Percy's Pals
3,333
Portsmouth Group
3,000
Manchester Group
2,618
Awards for all - National
Lottery
2,093
Alice Ellen Cooper-Dean
Charitable Foundation
5,000
George A. Moore
Foundation
1,500
Market Harborough
group
620
London West Group
6,515
Diss Group
800
37,479
Total of funds
400,814		 Transfers
Gains/
Balance at
31
December
Income Expenditure
in/out
(Losses)
2023
£
£
£
£
£
4,000
(4,000)
-
-
-
3,000
(3,000)
-
-
-
500
(500)
-
-
-
3,000
(3,000)
-
-
-
-
(236)
-
-
2,564
-
(4,200)
-
-
-
-
-
-
-
1,000
1,000
(1,000)
-
-
1,000
1,000
-
-
-
1,000
-
(3,000)
-
-
-
-
(3,333)
-
-
-
-
-
(3,000)
-
-
-
-
(2,618)
-
-
-
(2,093)
-
-
-
-
(3,800)
-
-
1,200
-
(1,500)
-
-
-
-
-
(620)
-
-
-
-
(6,515)
-
-
-
-
(800)
-
-
12,500
(29,662)
(13,553)
-
6,764
562,931
(433,408)
-
3,811
534,148		 Transfers
Gains/
Balance at
31
December
Income Expenditure
in/out
(Losses)
2023
£
£
£
£
£
4,000
(4,000)
-
-
-
3,000
(3,000)
-
-
-
500
(500)
-
-
-
3,000
(3,000)
-
-
-
-
(236)
-
-
2,564
-
(4,200)
-
-
-
-
-
-
-
1,000
1,000
(1,000)
-
-
1,000
1,000
-
-
-
1,000
-
(3,000)
-
-
-
-
(3,333)
-
-
-
-
-
(3,000)
-
-
-
-
(2,618)
-
-
-
(2,093)
-
-
-
-
(3,800)
-
-
1,200
-
(1,500)
-
-
-
-
-
(620)
-
-
-
-
(6,515)
-
-
-
-
(800)
-
-
12,500
(29,662)
(13,553)
-
6,764
562,931
(433,408)
-
3,811
534,148
6,764
534,148

Page 25

DocuSign Envelope ID: BCE8BAF0-ABD6-4D9E-9666-CD47B85CC32D

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

17. Statement of funds (continued)

Restricted funds description

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 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 Lord Belstead Charitable 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 Percy's Pals - To support core services, projects and work in the Hampshire area Inner Wheel Leeds - To support our work in Leeds 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

D’Oyly Carte Charitable Foundation – To support our BASS (Black and Asian Stroke Survivors) Project Ken and Edna Morrison Charitable Trust – To support our work in Yorkshire Barleycorn Trust – To support our BASS Project

The transfers between the general unrestricted funds and the designated funds are where the groups give donations to the central services, and transfers from restricted to designated are where the income balances are not deemed to be restricted.

The Bursary fund is what the trustees have chosen to allocate from donations and legacies for this particular service of the charity, so it is shown within the designated funds. This fund is different to the other designated funds which belongs to the groups around the country.

Page 26

DocuSign Envelope ID: BCE8BAF0-ABD6-4D9E-9666-CD47B85CC32D

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

17. Statement of funds (continued)

Statement of funds - prior year

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

Page 27

DocuSign Envelope ID: BCE8BAF0-ABD6-4D9E-9666-CD47B85CC32D

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

17. Statement of funds (continued)

Balance at
Balance at 31
1 January Transfers Gains/ December
2022 Income Expenditure in/out (Losses) 2022
£ £ £ £ £ £
Restricted
funds
Charles S.
French
Charitable Trust 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

Page 28

DocuSign Envelope ID: BCE8BAF0-ABD6-4D9E-9666-CD47B85CC32D

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

17. Statement of funds (continued)

Statement of funds - prior year (continued)

London West
Group
Diss Group
Total of funds		 Balance at
1 January
2022
£
-
-
28,988
345,376		 Income
£
6,515
800
34,927
398,660		 Expenditure
£
-
-
(26,436)
(343,350)		 Transfers
in/out
£
-
-
-
-		 Gains/
(Losses)
£
-
-
-
128		 Balance at
31
December
2022
£
6,515
800
37,479
400,814

18. Summary of funds

Summary of funds - current year


General funds
Designated
funds
Restricted funds		 Balance at 1
January
2023
£
246,135
117,200
37,479
400,814		 Income
£
374,432
175,999
12,500
562,931		 Expenditure
£
(312,297)
(91,449)
(29,662)
(433,408)		 Transfers
in/out
£
3,699
9,854
(13,553)
-		 Gains/
(Losses)
£
3,811
-
-
3,811		 Balance at
31
December
2023
£
315,780
211,604
6,764
534,148

Page 29

DocuSign Envelope ID: BCE8BAF0-ABD6-4D9E-9666-CD47B85CC32D

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

18. Summary of funds (continued)

Summary of funds - prior 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		 Expenditure
£
(257,613)
(59,301)
(26,436)
(343,350)		 Transfers
in/out
£
8,962
(8,962)
-
-		 Gains/
(Losses)
£
128
-
-
128		 Balance at
31
December
2022
£
246,135
117,200
37,479
400,814

19. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted
funds
2023
£
5,930
104,623
216,814
(11,587)
Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Total
315,780		 Restricted
funds
2023
£
-
-
6,764
-
6,764		 Designated
funds
2023
£
-
-
211,604
-
211,604		 Total
funds
2023
£
5,930
104,623
435,182
(11,587)
534,148

Page 30

DocuSign Envelope ID: BCE8BAF0-ABD6-4D9E-9666-CD47B85CC32D

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

19. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior year

Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2022
£
6,757
35,819
216,257
(12,698)
246,135		 Restricted
funds
2022
£
-
-
37,479
-
37,479		 Designated
funds
2022
£
-
-
117,200
-
117,200		 Total
funds
2022
£
6,757
35,819
370,936
(12,698)
400,814

Page 31

DocuSign Envelope ID: BCE8BAF0-ABD6-4D9E-9666-CD47B85CC32D

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

20. Designated funds - group funds

Andover
Birmingham Central
Birmingham Solihull
Bristol
Cambridge
Carlisle
Colchester
Diss
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)
Manchester
Middlesex (Stanmore)
Market Harborough
Milton Keynes
Moray
Northampton
Norwich
Portsmouth
Preston
Southampton
Tipton
Totnes
West Kent
Whitstable
York
Burton		 2023
£
1,642
9,702
1,745
15,833
28
2,299
3,065
962
-
30
1,444
67
2,765
16,718
-
6,145
2,968
8,067
2,235
3,889
897
7,272
811
8,037
149
25,865
478
389
5,444
2,493
19,359
806
151,604		 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

Page 32

DocuSign Envelope ID: BCE8BAF0-ABD6-4D9E-9666-CD47B85CC32D

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

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 £13,453 (2022 - £6,643). Contributions totalling £1,354 (2022 - £1,068) were payable to the fund at the balance sheet date and are included in creditors.

22. Operating lease commitments

At 31 December 2023 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		 2023
£
6,166
5,132
11,298		 2022
£
12,008
3,885
15,893

Post year end the charity signed a new 5 year property lease from 1 May 2024 committing them to payments totalling £68,376. over the term of the lease.

Page 33

DocuSign Envelope ID: BCE8BAF0-ABD6-4D9E-9666-CD47B85CC32D

Different Strokes (Trustees) Limited 9 Canon Harnett Court Wolverton Mill Milton Keynes MK12 5NF

Hillier Hopkins LLP 249 Silbury Boulevard Milton Keynes MK9 1NA

Dear Sirs

The following representations are made on the basis of enquiries of management and staff with relevant knowledge and experience such as we consider necessary in connection with your independent examination of the charitable company’s financial statements for the year ended 31 December 2023. These enquiries have included inspection of supporting documentation where appropriate and are sufficient to satisfy ourselves that we can make each of the following representations. All representations are made to the best of our knowledge and belief.

General

  1. We acknowledge that the work performed by you is substantially less in scope than an audit performed in accordance with International Standards on Auditing (UK) and that you do not express an audit opinion.

  2. We confirm that the charitable company qualifies as small in accordance with the conditions set out in chapter 1 of part 15 of the Companies Act 2006.

  3. We confirm that the charitable company was entitled to exemption under section 144 of the Charities Act 2011 the requirement to have its financial statements for the financial year ended 31 December 2023 audited.

We also confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476 of the Companies Act 2006.

  1. We have fulfilled our responsibilities as directors / trustees as set out in the terms of your engagement letter dated 23 February 2023, under the Companies Act 2006 and Charities Act 2011 for preparing financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), for being satisfied that they give a true and fair view and for making accurate representations to you.

  2. All the transactions undertaken by the charitable company have been properly reflected and recorded in the accounting records.

  3. All the accounting records have been made available to you for the purpose of your independent examination. We have provided you with unrestricted access to all appropriate persons within the charitable company, and with all other records and related information requested, including minutes of all management and trustee meetings and correspondence with The Charity Commission.

  4. The financial statements are free of material misstatements, including omissions.

Assets and liabilities

  1. The charitable company has satisfactory title to all assets and there are no liens or encumbrances on the charitable company’s assets, except for those that are disclosed in the notes to the financial statements.

  2. All actual liabilities, contingent liabilities and guarantees given to third parties have been recorded or disclosed as appropriate.

DocuSign Envelope ID: BCE8BAF0-ABD6-4D9E-9666-CD47B85CC32D

  1. We have no plans or intentions that may materially alter the carrying value and, where relevant, the fair value measurements or classification of assets and liabilities reflected in the financial statements.

[Caines] |[Mike] DocuSigned by:

Accounting estimates

18-06-2024 | 19:44 BST Loans and arrangements

  1. The charitable company has not granted any advances or credits to, or made guarantees on behalf of, directors other than those disclosed in the financial statements.

Legal claims

  1. We have disclosed to you all claims in connection with litigation that have been, or are expected to be, received and such matters, as appropriate, have been properly accounted for and disclosed in the financial statements.

Laws and regulations

  1. We have disclosed to you all known instances of non-compliance or suspected non-compliance with laws and regulations whose effects should be considered when preparing the financial statements.

Related parties

  1. Related party relationships and transactions have been appropriately accounted for and disclosed in the financial statements. We have disclosed to you all relevant information concerning such relationships and transactions and are not aware of any other matters which require disclosure in order to comply with legislative and accounting standards requirements.

Subsequent events

  1. All events subsequent to the date of the financial statements which require adjustment or disclosure have been properly accounted for and disclosed.

Going concern

  1. We believe that the charitable company’s financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the charitable company’s needs. We have considered a period of twelve months from the date of approval of the financial statements. We believe that no further disclosures relating to the charitable company’s ability to continue as a going concern need to be made in the financial statements.

Grants and donations

  1. All grants, donations and other income, the receipt of which is subject to specific terms or conditions, have been notified to you. There have been no breaches of terms or conditions in the application of such income.

Yours faithfully

Mike Caines

Printed name:

Signed:[Caines] |[Mike] DocuSigned by: ..................................................................................... F690B12D5E1942A... Signed on behalf of the board of trustees

Date:

18-06-2024 | 19:44 BST