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← Different Strokes (Trustees) Limited

2024-12-31-accounts

Docusign Envelope ID: 5197CF33-D3EC-4CC2-8866-32347A3A67AA

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 2024

Docusign Envelope ID: 5197CF33-D3EC-4CC2-8866-32347A3A67AA

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 - 9
Independent Examiner's Report 10 - 11
Statement of Financial Activities 12
Balance Sheet 13 - 14
Statement of Cash Flows 15
Notes to the Financial Statements 16 - 36

Docusign Envelope ID: 5197CF33-D3EC-4CC2-8866-32347A3A67AA

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 2024

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
Buckinghamshire
MK9 1NA

Page 1

Docusign Envelope ID: 5197CF33-D3EC-4CC2-8866-32347A3A67AA

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

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

The Trustees present their annual report together with the financial statements of the Different Strokes (Trustees) Limited for the 1 January 2024 to 31 December 2024. 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 charitable 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: 5197CF33-D3EC-4CC2-8866-32347A3A67AA

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

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

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

2024 was another strong year for Different Strokes. This was the third and last year under our strategic plan for 2022-24, and we again delivered a very good performance in terms of numbers of stroke survivors supported, awareness raising activities and healthy finances.

Amongst our specific achievements:

We held three face-to-face events this year, in Sheffield, Slough and Birmingham. These were well attended by stroke survivors, and featured keynote talks from stroke survivors, as well as a range of discussion groups. Very positive feedback was received. A number of commercial organisations that we work with also came along to exhibit their products or services for stroke survivors, while we were very grateful for the support of Bolt Burdon Kemp, Irwin Mitchell and Ipsen who sponsored the events.

With regards to other face-to-face events, we had a highly successful three days at the UK Stroke Forum, where our CEO chaired two major sessions on younger stroke. One of these sessions looked at the needs of young stroke survivors and featured some research in this area, while the other was a panel discussion of three young stroke survivors sharing their experiences. Both sessions were attended by around 300 people, while we also made around 250 new contacts with healthcare professionals over the course of the three days.

Other events attended included the European Life After Stroke Conference, a national aphasia conference and various visits to hospitals, as well as online presentations to healthcare professionals. Furthermore, we continued to raise awareness of younger stroke in the media, with a particular focus on stroke survivors from Black and Asian backgrounds. This included being featured in the Voice Online and on Desi radio.

Thanks to funding from the National Lottery Awards for All Programme, we commenced work on our ‘Stroke Survivor Voice’ Project, which will run into 2025. There are three main strands to this project. Firstly, we filmed a whole host of exercise sessions for stroke survivors of all abilities. We worked closely with two expert exercise instructors (one of whom is a stroke survivor) to develop clips and short films; all these videos were then made available via our website and various channels in early 2025.

Page 3

Docusign Envelope ID: 5197CF33-D3EC-4CC2-8866-32347A3A67AA

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

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Achievements and performance (continued)

Secondly, we have looked at providing more support for those that care for a stroke survivor. We now have monthly online virtual meetings for carers, and we will be looking at what more support we can provide in the future. The third strand of work is to redo and update all our written resources for stroke survivors. We began in 2024 by hosting some focus groups with stroke survivors to ascertain what is most important to them with regards to these resources, but significantly more work will be done on this in 2025, with the support of a new member of staff who has been recruited specifically to implement this work.

During the year we held a whole range of webinars. The subjects that we featured included benefits, accessibility cards, unpaid carers, PFO closures, access to work, Functional Electrical Stimulation and Wellbeing. We had good numbers of people attending live, who provided very positive feedback, but the key thing about these webinars is that they are all recorded so that they are available for anyone to view and benefit from at a future time.

2024 also saw the launch of our bursary fund. Funded via a previous donation and a legacy which we received, this fund sees us meeting part of the cost for stroke survivors to attend further physical rehabilitation sessions. Stroke survivors who meet eligibility criteria can apply to us to benefit from this fund, and our funding panel will then assess the application on the grounds of their physical condition and financial situation to ensure that the funds we have can be of most benefit. Six individuals (staff, trustees and volunteers), three of which are stroke survivors, sit on the funding panel. Once an application has been approved, we will then link the applicant up with their preferred rehabilitation centre, chosen from a list of 17 approved centres across the UK which we are working in partnership with. The applicant will then be entitled to £1,000 worth of rehab, of which we will pay between £400-800, and they will contribute between £200-600. We pay this amount directly to the rehab centre, so that no money is given directly to the applicant.

Our funding situation remains very healthy. Funds are very well diversified, and we had good levels of income in some specific areas during 2024. Our events fundraising saw another record year, with £95,000 raised, and we wish to express our thanks to all of the people and corporations who have assisted us in achieving this. We also achieved good funding through unrestricted grants and corporate sponsorship. We were also extremely grateful to receive £145,000 from a Charity of the Year partnership; this completely unexpected amount is the reason why we ended the year with a large surplus.

We are reporting a surplus before any investment gains/(losses) for the year of £110,048. This compares to a surplus of £129,523 in 2023. These two years of large surpluses mean that we currently hold a level of funds significantly above that required as stated in our reserves policy below, but such funds will also give us the time, space and resources to implement our planned restructuring and expansion in 2025 and beyond.

The figures above include funds which are held by our regional groups. The groups ended 2024 with an operating surplus of £7,908 and total funds of £169,031. While the Different Strokes support 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. £50,481 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.

Page 4

Docusign Envelope ID: 5197CF33-D3EC-4CC2-8866-32347A3A67AA

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

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

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 £422,130 for 12 months in 2024, or £211,065 for 6 months. Free reserves totalled £412,200 as of 31st December 2024. Reserves held by the groups totalled £169,031, all of which is represented by cash. The average balance is, however, around £5,100 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 2024 are:

Bolt Burdon Kemp LLP FDR Trust February Foundation Hawthorne Charitable Trust Ipsen Irving Memorial Trust Irwin Mitchell LLP Knitregen Ltd. Marsh Charitable Trust Merz Therapeutics PF Charitable Trust Sir James Roll Charitable Trust

Page 5

Docusign Envelope ID: 5197CF33-D3EC-4CC2-8866-32347A3A67AA

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

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Thanks (continued)

Rook Irwin Sweeney LLP Adrian Swire Charitable Trust Garfield Weston Foundation Wogen Anniversary Trust

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 (2023 - 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 Trustees 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.

Page 6

Docusign Envelope ID: 5197CF33-D3EC-4CC2-8866-32347A3A67AA

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

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

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. Pay policy for key management personnel

The Board’s policy continues to be able to pay salaries which attract excellent staff, whilst remaining within the range of salaries paid by comparable organisations in the charity sector.

f. 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.

g. Trustees' indemnities

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

Plans for future periods

The trustees have been developing plans for the future of the charity, and this includes the adoption of a new strategic plan to cover the period 2025-27. As part of the planning process, the trustees and staff held a two day event in mid-2024 to reflect on our successes in recent years, and to look in detail at our priorities going forward. This brought us to the realisation that in order to expand further and support even more stroke survivors, we not only need to recruit new staff but need to amend the structure of the organisation with new reporting lines and greater clarity regarding some job roles. This restructuring and recruitment will be a major priority in the first half of 2025, and we anticipate that by the end of 2025 our staff team will have increased from 12 to 15 or 16.

Our plans for the future, as detailed in the 2025-27 strategic plan, are based around five corporate objectives, each of which have one or more planned activities underpinning these objectives, as follows:

Page 7

Docusign Envelope ID: 5197CF33-D3EC-4CC2-8866-32347A3A67AA

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

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Plans for future periods (continued)

Page 8

Docusign Envelope ID: 5197CF33-D3EC-4CC2-8866-32347A3A67AA

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

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

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.

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

[rauy ................................................ 139F769F9BF846F... by: Mr R Parmar Chair of Trustees

Date: 17 July 2025

Page 9

Docusign Envelope ID: 5197CF33-D3EC-4CC2-8866-32347A3A67AA

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

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

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 2024.

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 10

Docusign Envelope ID: 5197CF33-D3EC-4CC2-8866-32347A3A67AA

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

INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

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: Dated: 24-07-2025 | 09:57 BST Grant Franklin ACA

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

Page 11

Docusign Envelope ID: 5197CF33-D3EC-4CC2-8866-32347A3A67AA

DIFFERENT STROKES (TRUSTEES) LIMITED

(A Company Limited by Guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2024

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 before
net gains on
investments
Net gains on
investments
Net movement in
funds
Reconciliation of
funds:
Total funds brought
forward
Net movement in
funds
Total funds carried
forward		 Unrestricted
funds
2024
£
306,628
164,930
10,914
482,472
53,993
341,484
395,477
86,995
9,425
96,420
315,780
96,420
412,200		 Restricted
funds
2024
£
41,798
-
-
41,798
-
26,653
26,653
15,145
-
15,145
6,764
15,145
21,909		 Designated
funds
2024
£
98,096
-
2,723
100,819
-
92,911
92,911
7,908
-
7,908
211,604
7,908
219,512		 Total
funds
2024
£
446,522
164,930
13,637
625,089
53,993
461,048
515,041
110,048
9,425
119,473
534,148
119,473
653,621		 Total
funds
2023
£
405,943
153,184
3,804
562,931
40,963
392,445
433,408
129,523
3,811
133,334
400,814
133,334
534,148

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

The notes on pages 16 to 36 form part of these financial statements.

Page 12

Docusign Envelope ID: 5197CF33-D3EC-4CC2-8866-32347A3A67AA

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

BALANCE SHEET AS AT 31 DECEMBER 2024

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
17
17
Restricted funds excluding pension
liability /asset
Total restricted funds
Unrestricted funds
Total funds		 7,867
13,325
527,275
548,467
(12,027)
21,909		 2024
£
3,133
114,048
117,181
536,440
653,621
653,621
219,513
21,909
412,199
653,621		 6,003
14,234
414,945
435,182
(11,587)
6,764		 2023
£
5,930
104,623
110,553
423,595
534,148
534,148
211,604
6,764
315,780
534,148

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.

Page 13

Docusign Envelope ID: 5197CF33-D3EC-4CC2-8866-32347A3A67AA

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

BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2024

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.

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 & Treasurer

Date: 17 July 2025

The notes on pages 16 to 36 form part of these financial statements.

Page 14

Docusign Envelope ID: 5197CF33-D3EC-4CC2-8866-32347A3A67AA

DIFFERENT STROKES (TRUSTEES) LIMITED

(A Company Limited by Guarantee)

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024

Cash flows from operating activities
Net cash used in operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Purchase of investments
Net cash provided by/(used in) investing activities
Cash flows from financing activities
Net cash provided by financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year		 2024
£
112,330
-
-
-
-
112,330
414,945
527,275		 2023
£
126,483
(1,806)
(65,000)
(66,806)
-
59,677
355,268
414,945

The notes on pages 16 to 36 form part of these financial statements

Page 15

Docusign Envelope ID: 5197CF33-D3EC-4CC2-8866-32347A3A67AA

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

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.

Page 16

Docusign Envelope ID: 5197CF33-D3EC-4CC2-8866-32347A3A67AA

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

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 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.6 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%

2.7 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 17

Docusign Envelope ID: 5197CF33-D3EC-4CC2-8866-32347A3A67AA

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

2. Accounting policies (continued)

2.8 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.

2.9 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.

2.10 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.

2.11 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.

2.12 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.

2.13 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.

2.14 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 18

Docusign Envelope ID: 5197CF33-D3EC-4CC2-8866-32347A3A67AA

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

2. Accounting policies (continued)

2.15 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. Designated funds also include funds set aside to support the charities bursary scheme.

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

Donations
Legacies
Grants		 Unrestricted
funds
2024
£
226,478
15,000
65,150
306,628		 Restricted
funds
2024
£
-
-
41,798
41,798		 Designated
funds
2024
£
95,511
-
2,585
98,096		 Total
funds
2024
£
321,989
15,000
109,533
446,522
Donations
Legacies
Grants		 Unrestricted
funds
2023
£
136,773
10,921
69,750
217,444		 Restricted
funds
2023
£
-
-
12,500
12,500		 Designated
funds
2023
£
145,999
30,000
-
175,999		 Total
funds
2023
£
282,772
40,921
82,250
405,943

Page 19

Docusign Envelope ID: 5197CF33-D3EC-4CC2-8866-32347A3A67AA

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

4. Income from other trading activities

Income from fundraising events

Fundraising events
Fundraising events		 Unrestricted
funds
2024
£
164,930
Unrestricted
funds
2023
£
153,184		 Total
funds
2024
£
164,930
Total
funds
2023
£
153,184

5. Investment income

Unrestricted
funds
2024
£
Income from listed investments
10,914
Bank interest
-
10,914
Income from listed investments		 Designated
funds
2024
£
-
2,723
2,723
Unrestricted
funds
2023
£
3,804		 Total
funds
2024
£
10,914
2,723
13,637
Total
funds
2023
£
3,804

Page 20

Docusign Envelope ID: 5197CF33-D3EC-4CC2-8866-32347A3A67AA

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

6. Expenditure on raising funds

Costs of raising voluntary income

Fundraising trading expenses

Unrestricted
funds
2024
£
Direct costs
36,088
Wages and salaries
15,600
Employers NIC
1,525
Pension costs
780
53,993		 Total
funds
2024
£
36,088
15,600
1,525
780
53,993

Fundraising trading expenses (continued)

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

Page 21

Docusign Envelope ID: 5197CF33-D3EC-4CC2-8866-32347A3A67AA

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

7. Analysis of expenditure on charitable activities

Summary by fund type

Charitable activites
Charitable activites		 Unrestricted
funds
2024
£
341,484
Unrestricted
funds
2023
£
271,334		 Restricted
funds
2024
£
26,653
Restricted
funds
2023
£
29,662		 Designated
funds
2024
£
92,911
Designated
funds
2023
£
91,449		 Total
2024
£
461,048
Total
2023
£
392,445

8. Analysis of expenditure by activities

Charitable activites
Charitable activites		 Activities
undertaken
directly
2024
£
461,048
Activities
undertaken
directly
2023
£
392,445		 Total
funds
2024
£
461,048
Total
funds
2023
£
392,445

Page 22

Docusign Envelope ID: 5197CF33-D3EC-4CC2-8866-32347A3A67AA

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

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
2024
£
241,462
2,797
2,133
4,819
2,918
905
14,200
886
8,062
706
8,987
2,110
161,471
3,218
6,374
461,048		 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

9. Independent examiner's remuneration

The independent examiner's remuneration amounts to an independent examiner fee of £3,250 ( 2023 - £2,650 ).

10. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2024
£
236,239
13,000
10,128
259,367		 2023
£
193,900
8,902
7,679
210,481

Page 23

Docusign Envelope ID: 5197CF33-D3EC-4CC2-8866-32347A3A67AA

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

10. Staff costs (continued)

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

2024 2023
No. No.
Average employees 13 12

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

The key management personnel during 2024 was the Chief Executive Officer. The total remuneration received by the key management personnel during the period amounting to £59,333 (2023 - £55,769).

11. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2023 - £NIL) .

During the year ended 31 December 2024, no Trustee expenses have been incurred (2023 - £NIL) .

12. Tangible fixed assets

Cost or valuation
At 1 January 2024
At 31 December 2024
Depreciation
At 1 January 2024
Charge for the year
At 31 December 2024
Net book value
At 31 December 2024
At 31 December 2023		 Computer
equipment
£
15,995
15,995
10,065
2,797
12,862
3,133
5,930

Page 24

Docusign Envelope ID: 5197CF33-D3EC-4CC2-8866-32347A3A67AA

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

13.
Fixed asset investments
Cost or valuation
At 1 January 2024
Revaluations
At 31 December 2024
Net book value
At 31 December 2024
At 31 December 2023
14.
Stocks
Finished goods and goods for resale
15.
Debtors
Due within one year
Trade debtors
Prepayments and accrued income		 2024
£
7,867		 Listed
investments
£
104,623
9,425
114,048
114,048
104,623
2023
£
6,003
2023
£
272
13,962
14,234		 Listed
investments
£
104,623
9,425
114,048
114,048
104,623
2023
£
6,003
2023
£
272
13,962
14,234
2024
£
2,007
11,318		 2023
£
272
13,962
13,325 14,234

Page 25

Docusign Envelope ID: 5197CF33-D3EC-4CC2-8866-32347A3A67AA

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

16. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income		 2024
£
5,735
-
1,647
4,645
12,027		 2023
£
1,278
3,820
1,354
5,135
11,587

17. Statement of funds

Statement of funds - current year

Unrestricted funds
General funds
Designated funds
Group funds
Bursary fund		 Balance at 1
January
2024
£
315,780
151,604
60,000
211,604		 Income
£
482,471
98,235
2,585
100,820		 Expenditure
£
(395,477)
(80,807)
(12,104)
(92,911)		 Gains/
(Losses)
£
9,425
-
-
-		 Balance at
31
December
2024
£
412,199
169,032
50,481
219,513

Page 26

Docusign Envelope ID: 5197CF33-D3EC-4CC2-8866-32347A3A67AA

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

17. Statement of funds (continued)

Restricted funds
Anonymous Funder 3
Hugh Fraser Foundation (Scotland)
Anonymous Funder 1
Souter (Scotland)
Belstead Trust
Charis Trust
Sovereign Health Care
Anonymous Funder 2
Drapers Charitable Trust
Awards for all - National Lottery
Alice Ellen Cooper-Dean Charitable
Foundation
George A. Moore Foundation
Grocers Charity
Anonymous Funder 4
Total of funds		 Balance at
1 January
2024
£
-
2,564
-
1,000
1,000
1,000
-
-
-
-
1,200
-
-
6,764
534,148
-		 Income
£
1,000
-
3,000
-
1,000
-
2,500
2,500
5,000
18,798
-
2,000
5,000
41,798
625,089
1,000		 Expenditure
£
(450)
-
(3,000)
-
(1,700)
(1,000)
(2,500)
(2,500)
(5,000)
(6,481)
(1,200)
(250)
(2,572)
(26,653)
(515,041)
-		 Gains/
(Losses)
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
9,425		 Balance at
31
December
2024
£
550
2,564
-
1,000
300
-
-
-
-
12,317
-
1,750
2,428
1,000
21,909
653,621

Page 27

Docusign Envelope ID: 5197CF33-D3EC-4CC2-8866-32347A3A67AA

DIFFERENT STROKES (TRUSTEES) LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

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 February Foundation - To support our teen and young adult befriending service Souter - To support development in Scotland Charis Trust - To support our work in East Anglia Sovereign Healthcare Fund - To support our work in Yorkshire Percy's Pals - To support our work in the Hampshire area Portsmouth group - Funds held on behalf of Portsmouth group Manchester group - Funds held on behalf of Manchester group National Lottery Awards For all - To support exercise sessions, befriending and work with carers 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

Anonymous Funder 1 – To support our work in Yorkshire Anonymous Funder 2 – To support our BASS (Black and Asian Stroke Survivors) Project Drapers Charitable Trust – To support our teen and young adult befriending service Belstead Ganzoni Charitable Settlement – To support our work in East Anglia Grocers Charity - To support our teen and young adult befriending service Anonymous Funder 3 - To support our work in East Anglia Anonymous Funder 4 – To support work with under 25’s in Yorkshire

The anonymous funders 1 - 4 are those that have specifically requested that their monies remain anonoymous to the public.

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 28

Docusign Envelope ID: 5197CF33-D3EC-4CC2-8866-32347A3A67AA

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

17. Statement of funds (continued)

Statement of funds - prior 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
-		 Gains/
(Losses)
£
3,811
-
-		 Balance at
31
December
2023
£
315,780
151,604
60,000
211,604
9,854 -

Page 29

Docusign Envelope ID: 5197CF33-D3EC-4CC2-8866-32347A3A67AA

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

17. Statement of funds (continued)

Balance at
Balance at 31
1 January Transfers Gains/ December
2023 Income Expenditure in/out (Losses) 2023
£ £ £ £ £ £
Restricted
funds
Charles S.
French
Charitable Trust - 3,000 (3,000) - - -
Hugh Fraser
Foundation
(Scotland) 2,800 - (236) - - 2,564
D’Oyly Carte
Charitable
Foundation - 4,000 (4,000) - - -
February
Foundation 4,200 - (4,200) - - -
Anonymous
Funder 1 - 3,000 (3,000) - - -
Souter
(Scotland) 1,000 - - - - 1,000
Belstead Trust 1,000 1,000 (1,000) - - 1,000
Charis Trust - 1,000 - - - 1,000
Sovereign Health
Care 3,000 - (3,000) - - -
Percy's Pals 3,333 - (3,333) - - -
Anonymous
Funder 2 - 500 (500) - - -
Portsmouth
Group 3,000 - - (3,000) - -
Manchester
Group 2,618 - - (2,618) - -
Drapers
Charitable Trust - - - - - -
Awards for all -
National Lottery 2,093 - (2,093) - - -
Alice Ellen
Cooper-Dean
Charitable
Foundation 5,000 - (3,800) - - 1,200
George A. Moore
Foundation 1,500 - (1,500) - - -

Page 30

Docusign Envelope ID: 5197CF33-D3EC-4CC2-8866-32347A3A67AA

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

17. Statement of funds (continued)

Statement of funds - prior year (continued)

Market
Harborough
group
London West
Group
Diss Group
Total of funds		 Balance at
1 January
2023
£
620
6,515
800		 Income
£
-
-
-		 Expenditure
£
-
-
-
(29,662)
(433,408)		 Expenditure
£
-
-
-
(29,662)
(433,408)		 Transfers
in/out
£
(620)
(6,515)
(800)		 Gains/
(Losses)
£
-
-
-		 Balance at
31
December
2023
£
-
-
-
6,764
37,479 12,500 (29,662) (13,553) -
400,814 562,931 (433,408) - 3,811 534,148

18. Summary of funds

Summary of funds - current year


General funds
Designatedfunds
Restricted funds		 Balance at 1
January
2024
£
315,780
211,604
6,764
534,148		 Income
£

482,471
100,820
41,798
625,089		 Expenditure
£
(395,477)
(92,911)
(26,653)
(515,041)		 Gains/
(Losses)
£
9,425
-
-
9,425		 Balance at
31
December
2024
£
412,199
219,513
21,909
653,621

Page 31

Docusign Envelope ID: 5197CF33-D3EC-4CC2-8866-32347A3A67AA

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

18. Summary of funds (continued)

Summary of funds - prior 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

19. Analysis of net assets between funds

Analysis of net assets between funds - current period

Unrestricted
funds
2024
£
Tangible fixed assets
3,133
Fixed asset investments
114,048
Current assets
307,045
Creditors due within one year
(12,027)
Total
412,199		 Restricted
funds
2024
£
-
-
21,909
-
21,909		 Designated
funds
2024
£
-
-
219,513
-
219,513		 Total
funds
2024
£
3,133
114,048
548,467
(12,027)
653,621

Page 32

Docusign Envelope ID: 5197CF33-D3EC-4CC2-8866-32347A3A67AA

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

19. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior period

Tangible fixed assets Fixed
asset investments Current
assets
Creditors due within one year
Total		 Unrestricted
funds
2023
£
5,930
104,623
216,814
(11,587)
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 33

Docusign Envelope ID: 5197CF33-D3EC-4CC2-8866-32347A3A67AA

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

20. Designated funds - group funds

Andover
Birmingham Central
Birmingham Solihull
Bristol
Cambridge
Carlisle
Colchester
Diss
Fakenham
Isle of Wight
Leeds Central
London Central (Gt Russell St)
London East (Redbridge)
London North (Wood Green)
Poole
London West (Hounslow & Chiswick)
Manchester
Middlesex (Stanmore)
Market Harborough
Milton Keynes
Moray
Northampton
Norwich
Portsmouth
Preston
Southampton
Tipton
Totnes
West Kent
Whitstable
York
Stoke-on-Trent
Burton-on-Trent		 2024
£
1,545
8,836
1,674
11,710
28
7,486
4,911
961
325
30
3,098
67
2,625
12,693
255
5,023
2,868
16,708
2,701
5,220
910
7,724
332
6,708
24
25,266
1,273
111
7,456
5,374
17,730
350
7,009
169,031		 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

Page 34

Docusign Envelope ID: 5197CF33-D3EC-4CC2-8866-32347A3A67AA

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

21. Reconciliation of net movement in funds to net cash flow from operating activities

Net income for the period (as per Statement of Financial Activities)
Adjustments for:
Depreciation charges
Losses on investments
Increase in stocks
Decrease/(increase) in debtors
Increase/(decrease) in creditors
Net cash provided by operating activities
22.
Analysis of cash and cash equivalents
Cash in hand
Total cash and cash equivalents
23.
Analysis of changes in net debt
At 1
January
2024
£
Cash at bank and in hand
414,945
414,945		 2024
£
119,473
2,797
(9,425)
(1,864)
909
440
112,330
2024
£
527,275
527,275
Cash flows
£
112,330
112,330		 2023
£
133,334
2,633
(3,804)
(1,115)
(3,454)
(1,111)
126,483
2023
£
414,945
414,945
At 31
December
2024
£
527,275
527,275

Page 35

Docusign Envelope ID: 5197CF33-D3EC-4CC2-8866-32347A3A67AA

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

24. 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 £10,128 (2023 - £7,679). Contributions totalling £1,647 (2023 - £1,354) were payable to the fund at the balance sheet date and are included in creditors.

25. Operating lease commitments

At 31 December 2024 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		 2024
£
15,956
47,296
63,252		 2023
£
6,166
5,132
11,298

During the year 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 36

Docusign Envelope ID: 5197CF33-D3EC-4CC2-8866-32347A3A67AA

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 2024. 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 2024 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: 5197CF33-D3EC-4CC2-8866-32347A3A67AA

  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.

Accounting estimates

  1. The methods, data and significant assumptions used by us in making accounting estimates, and their related disclosures, are appropriate to achieve recognition, measurement and disclosure that is reasonable in the context of the applicable financial reporting framework.

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 noncompliance 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

Printed name:

Mike Caines

Signed:

..................................................................................... F690B12D5E1942A... Signed on behalf of the board of trustees

Date: 23-07-2025 | 13:46 BST