REGISTERED COMPANY NUMBER: 05152409 (England and Wales) REGISTERED CHARITY NUMBER: 1107210
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 30 June 2022
for
The Stroh Gestetner Foundation Ltd
Martin+Heller 5 North End Road London NW11 7RJ
The Stroh Gestetner Foundation Ltd
Contents of the Financial Statements for the Year Ended 30 June 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | to | 5 |
| Notes to the Financial Statements | 6 | to | 10 |
| Detailed Statement of Financial Activities | 11 |
The Stroh Gestetner Foundation Ltd
Report of the Trustees for the Year Ended 30 June 2022
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2022. The trustees have adopted the provisions of 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).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
05152409 (England and Wales)
Registered Charity number
1107210
Registered office
46 Sinclair Grove London NW11 9JG
Trustees
M Kesselman I Nussbaum Ms D Stroh (appointed 11.7.21)
Company Secretary
Ms D Stroh
Independent Examiner
Martin+Heller 5 North End Road London NW11 7RJ
Approved by order of the board of trustees on 27 April 2023 and signed on its behalf by:
Ms D Stroh - Trustee
Page 1
Independent Examiner's Report to the Trustees of The Stroh Gestetner Foundation Ltd
Independent examiner's report to the trustees of The Stroh Gestetner Foundation Ltd ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2022.
Responsibilities and basis of report
As the charity's trustees of the Company (and also 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 your charity's accounts as 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
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:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
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
-
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.
Frank Martin FCA Martin+Heller 5 North End Road London NW11 7RJ
27 April 2023
Page 2
The Stroh Gestetner Foundation Ltd
Statement of Financial Activities for the Year Ended 30 June 2022
| 30.6.22 | 30.6.21 | ||
|---|---|---|---|
| Unrestricted | |||
| fund | Total funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 10,000 | - | |
| Investment income | 2 | 114,205 | 76,239 |
| Total | 124,205 | 76,239 | |
| EXPENDITURE ON | |||
| Charitable activities | |||
| Donations to institutions | 82,545 | 58,330 | |
| Other | 30,592 | 3,687 | |
| Total | 113,137 | 62,017 | |
| Net gains on investments | 635,250 | - | |
| NET INCOME | 646,318 | 14,222 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 873,504 | 859,282 | |
| TOTAL FUNDS CARRIED FORWARD | 1,519,822 | 873,504 |
The notes form part of these financial statements
Page 3
The Stroh Gestetner Foundation Ltd
Balance Sheet 30 June 2022
| 30.6.22 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 5 9,897 Investment property 6 1,500,000 1,509,897 CURRENT ASSETS Debtors 7 - Cash at bank 57,258 57,258 CREDITORS Amounts falling due within one year 8 (47,333) NET CURRENT ASSETS 9,925 TOTAL ASSETS LESS CURRENT LIABILITIES 1,519,822 NET ASSETS 1,519,822 FUNDS 9 Unrestricted funds 1,519,822 TOTAL FUNDS 1,519,822 |
30.6.21 Total funds £ 9,897 864,750 874,647 64,900 20,813 85,713 (86,856) (1,143) 873,504 873,504 873,504 873,504 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 4
The Stroh Gestetner Foundation Ltd
Balance Sheet - continued 30 June 2022
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 27 April 2023 and were signed on its behalf by:
D Stroh - Trustee
The notes form part of these financial statements
Page 5
The Stroh Gestetner Foundation Ltd
Notes to the Financial Statements for the Year Ended 30 June 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 30.6.22 | 30.6.21 | |
| £ | £ | |
| Rents received | 114,205 | 76,239 |
Page 6
continued...
The Stroh Gestetner Foundation Ltd
Notes to the Financial Statements - continued for the Year Ended 30 June 2022
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 June 2022 nor for the year ended 30 June 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 June 2022 nor for the year ended 30 June 2021.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
5.
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Investment income | 76,239 |
| EXPENDITURE ON | |
| Charitable activities | |
| Donations to institutions | 58,330 |
| Other | 3,687 |
| Total | 62,017 |
| NET INCOME | 14,222 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 859,282 |
| TOTAL FUNDS CARRIED FORWARD | 873,504 |
| TANGIBLE FIXED ASSETS | |
| Fixtures | |
| and | |
| fittings | |
| £ | |
| COST | |
| At 1 July 2021 and 30 June 2022 | 9,897 |
| NET BOOK VALUE | |
| At 30 June 2022 | 9,897 |
| At 30 June 2021 | 9,897 |
continued...
Page 7
The Stroh Gestetner Foundation Ltd
Notes to the Financial Statements - continued for the Year Ended 30 June 2022
6. INVESTMENT PROPERTY
| FAIR VALUE At 1 July 2021 Revaluation At 30 June 2022 NET BOOK VALUE At 30 June 2022 At 30 June 2021 Fair value at 30 June 2022 is represented by: Valuation in 2016 Valuation in 2017 Valuation in 2022 Cost 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.6.22 £ Other debtors - 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.6.22 £ Other creditors 45,983 Accrued expenses 1,350 47,333 9. MOVEMENT IN FUNDS Net movement At 1/7/21 in funds £ £ Unrestricted funds General fund 873,504 646,318 TOTAL FUNDS 873,504 646,318 |
£ 864,750 635,250 1,500,000 1,500,000 864,750 £ 255,922 (100,838) 635,250 709,666 1,500,000 30.6.21 £ 64,900 30.6.21 £ 86,856 - 86,856 At 30/6/22 £ 1,519,822 1,519,822 |
|---|---|
continued...
Page 8
The Stroh Gestetner Foundation Ltd
Notes to the Financial Statements - continued for the Year Ended 30 June 2022
9. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 124,205 | (113,137) | 635,250 | 646,318 |
| TOTAL FUNDS | 124,205 | (113,137) | 635,250 | 646,318 |
Comparatives for movement in funds
| Net | ||
|---|---|---|
| movement | ||
| At 1/7/20 | in funds | At 30/6/21 |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 859,282 |
14,222 | 873,504 |
| TOTAL FUNDS 859,282 |
14,222 | 873,504 |
| Comparative net movement in funds, included in the above are as follows: | ||
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 76,239 |
(62,017) | 14,222 |
| TOTAL FUNDS 76,239 |
(62,017) | 14,222 |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | |||
| At 1/7/20 | in funds | At 30/6/22 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 859,282 | 660,540 | 1,519,822 |
| TOTAL FUNDS | 859,282 | 660,540 | 1,519,822 |
continued...
Page 9
The Stroh Gestetner Foundation Ltd
Notes to the Financial Statements - continued for the Year Ended 30 June 2022
9. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 200,444 | (175,154) | 635,250 | 660,540 |
| TOTAL FUNDS | 200,444 | (175,154) | 635,250 | 660,540 |
10. RELATED PARTY DISCLOSURES
During the year, the charity received donations aggregating £10,000 from a company with a director who is also a trustee of the charity.
Page 10
The Stroh Gestetner Foundation Ltd
Detailed Statement of Financial Activities for the Year Ended 30 June 2022
| INCOME AND ENDOWMENTS Donations and legacies Donations Investment income Rents received Total incoming resources EXPENDITURE Charitable activities Grants to institutions Other Legal & professional fees Repairs Management fees Letting fees Rates Bank charges Support costs Governance costs Accountancy fees Total resources expended Net income |
30.6.22 £ 10,000 114,205 124,205 82,545 4,087 17,175 6,741 299 847 93 29,242 1,350 113,137 11,068 |
30.6.21 £ - 76,239 |
|---|---|---|
| 76,239 58,330 - 2,626 - - - 86 |
||
| 2,712 975 |
||
| 62,017 | ||
| 14,222 |
This page does not form part of the statutory financial statements
Page 11