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 2023
for
The Stroh Gestetner Foundation Ltd
Martin+Heller 5 North End Road London NW11 7RJ
The Stroh Gestetner Foundation Ltd
Report of the Trustees for the Year Ended 30 June 2023
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 2023. 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
5 North End Road London NW11 7RJ
Trustees
M Kesselman I Nussbaum Ms D Stroh
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 25 March 2024 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 2023.
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
Date: .............................................
Page 2
The Stroh Gestetner Foundation Ltd
Statement of Financial Activities for the Year Ended 30 June 2023
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies Investment income 2 Total EXPENDITURE ON Charitable activities Donations to institutions Other Total Net gains on investments NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
30.6.23 Unrestricted fund £ 35,000 125,242 160,242 121,981 36,916 158,897 - 1,345 1,519,822 1,521,167 |
30.6.22 Total funds £ 10,000 114,205 124,205 82,545 30,592 113,137 635,250 646,318 873,504 1,519,822 |
|---|---|---|
The notes form part of these financial statements
Page 3
The Stroh Gestetner Foundation Ltd
Balance Sheet 30 June 2023
| Notes FIXED ASSETS Tangible assets 5 Investment property 6 CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 7 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 8 Unrestricted funds TOTAL FUNDS |
30.6.23 Unrestricted fund £ 9,897 1,500,000 1,509,897 35,953 (24,683) 11,270 1,521,167 1,521,167 1,521,167 1,521,167 |
30.6.22 Total funds £ 9,897 1,500,000 1,509,897 57,258 (47,333) 9,925 1,519,822 1,519,822 1,519,822 1,519,822 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.
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 25 March 2024 and were signed on its behalf by:
D Stroh - Trustee
The notes form part of these financial statements
Page 4
The Stroh Gestetner Foundation Ltd
Notes to the Financial Statements for the Year Ended 30 June 2023
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 | ||
|---|---|---|
| 30.6.23 | 30.6.22 | |
| £ | £ | |
| Rents received | 125,242 | 114,205 |
continued...
Page 5
The Stroh Gestetner Foundation Ltd
Notes to the Financial Statements - continued for the Year Ended 30 June 2023
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 June 2023 nor for the year ended 30 June 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 June 2023 nor for the year ended 30 June 2022.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | ||
|---|---|---|
| fund | ||
| £ | ||
| INCOME AND ENDOWMENTS FROM | ||
| Donations and legacies | 10,000 | |
| Investment income | 114,205 | |
| Total | 124,205 | |
| EXPENDITURE ON | ||
| Charitable activities | ||
| Donations to institutions | 82,545 | |
| Other | 30,592 | |
| Total | 113,137 | |
| Net gains on investments | 635,250 | |
| NET INCOME | 646,318 | |
| RECONCILIATION OF FUNDS | ||
| Total funds brought forward | 873,504 | |
| TOTAL FUNDS CARRIED FORWARD | 1,519,822 | |
| 5. | TANGIBLE FIXED ASSETS | |
| COST | Fixtures and fittings £ |
|
| At 1 July 2022 and 30 June 2023 | 9,897 | |
| NET BOOK VALUE | ||
| At 30 June 2023 | 9,897 | |
| At 30 June 2022 | 9,897 | |
continued...
Page 6
The Stroh Gestetner Foundation Ltd
Notes to the Financial Statements - continued for the Year Ended 30 June 2023
6. INVESTMENT PROPERTY
| FAIR VALUE At 1 July 2022 and 30 June 2023 NET BOOK VALUE At 30 June 2023 At 30 June 2022 Fair value at 30 June 2023 is represented by: Valuation in 2016 Valuation in 2017 Valuation in 2022 Cost CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors Accrued expenses MOVEMENT IN FUNDS At 1/7/22 £ Unrestricted funds General fund 1,519,822 TOTAL FUNDS 1,519,822 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 160,242 TOTAL FUNDS 160,242 |
30.6.23 £ 21,983 2,700 24,683 Net movement in funds £ 1,345 1,345 Resources expended £ (158,897) (158,897) |
£ 1,500,000 1,500,000 1,500,000 £ 255,922 (100,838) 635,250 709,666 1,500,000 30.6.22 £ 45,983 1,350 47,333 At 30/6/23 £ 1,521,167 1,521,167 Movement in funds £ 1,345 1,345 |
|
|---|---|---|---|
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
8. MOVEMENT IN FUNDS
continued...
Page 7
The Stroh Gestetner Foundation Ltd
Notes to the Financial Statements - continued for the Year Ended 30 June 2023
8. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1/7/21 £ Unrestricted funds General fund 873,504 TOTAL FUNDS 873,504 Comparative net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 124,205 (113,137) TOTAL FUNDS 124,205 (113,137) |
Net movement At in funds 30/6/22 £ £ 646,318 1,519,822 646,318 1,519,822 Gains and Movement losses in funds £ £ 635,250 646,318 635,250 646,318 |
|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1/7/21 £ 873,504 873,504 |
Net movement in funds £ 647,663 647,663 |
At 30/6/23 £ 1,521,167 1,521,167 |
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 284,447 284,447 |
Resources expended £ (272,034) (272,034) |
Gains and Movement losses in funds £ £ 635,250 647,663 635,250 647,663 |
|---|---|---|---|
continued...
Page 8
The Stroh Gestetner Foundation Ltd
Notes to the Financial Statements - continued for the Year Ended 30 June 2023
9. RELATED PARTY DISCLOSURES
During the year, the charity received donations aggregating £35,000 from companies with a director who is also a trustee of the charity.
Page 9
The Stroh Gestetner Foundation Ltd
Detailed Statement of Financial Activities for the Year Ended 30 June 2023
| Detailed Statement of Financial Activities for the Year Ended 30 June 2023 |
||
|---|---|---|
| 30.6.23 | 30.6.22 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 35,000 | 10,000 |
| Investment income | ||
| Rents received | 125,242 | 114,205 |
| Total incoming resources | 160,242 | 124,205 |
| EXPENDITURE | ||
| Charitable activities | ||
| Grants to institutions | 121,981 | 82,545 |
| Other | ||
| Legal & professional fees | 6,658 | 4,087 |
| Repairs | 14,237 | 17,175 |
| Management fees | 7,504 | 6,741 |
| Letting fees | - | 299 |
| Rates | 262 | 847 |
| Bank charges | 123 | 93 |
| Insurance | 6,782 | - |
| Support costs | 35,566 | 29,242 |
| Governance costs | ||
| Accountancy fees | 1,350 | 1,350 |
| Total resources expended | 158,897 | 113,137 |
| Net income | 1,345 | 11,068 |
This page does not form part of the statutory financial statements
Page 10
The Stroh Gestetner Foundation Ltd
Contents of the Financial Statements for the Year Ended 30 June 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 9 |
| Detailed Statement of Financial Activities | 10 |