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THE STRAIGHT CHARITABLE TRUST
ACCOUNTS
for the year ended 5 April 2021 Charity Number 1144712
THE STRAIGHT CHARITABLE TRUST
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ACCOUNTS
for the year ended 5 April 2024
CONTENTS
STATUTORY ACCOUNTS
1to2 REPORT OF THE TRUSTEES
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3 STATEMENT OF FINANCIAL ACTIVITIES
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4 BALANCE SHEET
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5 ACCOUNTING POLICIES
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6 NOTES TO THE FINANCIAL STATEMENTS
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7 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES
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Page 1
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THE STRAIGHT CHARITABLE TRUST
REPORT OF THE TRUSTEES
The trustees present their report and financial statements of the charity for the year ended 5 April 2021.
REFERENCE AND ADMINISTRATION DETAILS
Name:
The name of the charity is The Straight Charitable Trust
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Address:
The address of the charity is Greystones, 380 Alwoodiey Lane, Leeds, LS17 70N
Trustees:
Mr J M Straight (the settlor) Mrs P J Straight
Bankers:
Coutts, 440 Strand, London, WC2R, 0QS
Independent Examiner
The independent examiner of the charity is Mark Hunter
STRUCTURE, GOVERNANCE AND MANAGEMENT
The charity is governed by the Trust Deed dated 11 July 2011 by which it was constituted.
Its management is vested in the trustees who were appointed by the Trust Deed. The power to appoint new trustees vests in the settlor.
OBJECTIVES AND ACTIVITIES
The objects of the charity are to apply its income and all or such part or parts of its capital, at such time or times and in such manner to, or for the benefit of, such exclusively charitable objects and purposes in any part of the world as the Trustees may in their discretion think fit. In this connection the trustees have had due regard to the Charity Commission's guidance on public benefit.
ACHIEVEMENTS AND PERFORMANCES
During the accounting period the charity gave financial support to a range of charitable causes.
FINANCIAL REVIEW
At the end of the accounting period the reserves amounted to £23,344 (2020: £19,742).
By virtue of the nature of the charity, and the fact that it has not been supported by public subscription, the Trustees have not formulated a policy on reserves.
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Page 2
THE STRAIGHT CHARITABLE TRUST
REPORT OF THE TRUSTEES
The trustees present their report and financial statements of the charity for the year ended 5 April 2021. TRUSTEES' RESPONSIBILITIES
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial period which give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the period. In preparing financial statements giving a true and fair view, the trustees are required to:-
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select suitable accounting policies and then apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable Accounting Standards and Statements of Recommended Practice have been followed, subject to any departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy the financial position of the charity and which enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
APPROVED BY THE TRUSTEES and signed on their behalf by:
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JM
Trustee
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Page 3
THE STRAIGHT CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES for the year ended 5 April 2021
| Note | 2021 Unrestricted |
2021 Unrestricted |
2020 Unrestricted |
2020 Unrestricted |
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|---|---|---|---|---|---|---|
| Funds | Funds | |||||
| ; | ||||||
| INCOME | ||||||
| Incoming resources from generated funds | ||||||
| Voluntary income | 1 | 41,598 | 65,000 | |||
| 41,598 | 65,000 | |||||
| EXPENDITURE | ||||||
| Charitable activities | 2 | 37,996 | 55,768 | |||
| 3,602 | 9,232 | |||||
| RECONCILIATION OF FUNDS | ||||||
| Total funds brought forward | 19,742 | 10,510 | ||||
| Total funds carried forward | £ | 23,344 | £ | 19,742 | ||
| SSS | —_——_——7 |
The charity has no recognised gains or losses other than the results for the year as set out above.
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All the charity's activities are continuing.
The notes on page 6 form part of these financial statements
Page 4
THE STRAIGHT CHARITABLE TRUST
Fy4
BALANCE SHEET 5 April 2021
| Note | 2021 | 2020 | |||
|---|---|---|---|---|---|
| CURRENT ASSETS | |||||
| Debtors | 9,169 | 8,494 | |||
| Cash at bank and in hand | 15,075 | 13,048 | |||
| 24,244 | 21,542 | ||||
| LIABILITIES | |||||
| Creditors: amounts falling due within one year | 3 | 900 | 1,800 | ||
| Netcurrent assets less current liabilities | £ | 23,344 | £ | 19,742 | |
| THE FUNDS OF THE CHARITY | |||||
| Unrestricted funds | 23,344 | 19,742 | |||
| £ | 23,344 | £ | 19,742 |
The financial statements on pages 3 to 6 were approved by the Trustees on M1 Dwg was No AL) é Trus ight ent TrusteeP J Straight :
The notes on page6 form part of these financial statements
Page 5
THE STRAIGHT CHARITABLE TRUST
ACCOUNTING POLICIES
for the year ended 5 April 2021
ACCOUNTING CONVENTION
Basis of Preparation
The financial statements have been prepared in accordance with 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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011 and Bulletin 2 (issued October 2018) where applicable.
The trust 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
INCOME
Voluntary Income
Except for gift aid repayment claims voluntary income is recognised when received
EXPENDITURE
All expenditure is accounted for on an accruals basis.
Page 6
THE STRAIGHT CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 5 April 2021
| 1 | VOLUNTARY INCOME | 2021 | 2020 | |||
|---|---|---|---|---|---|---|
| Donations | 41,598 | 65,000 | ||||
| £ | 41,598 | £ | 65,000 | |||
| 2 | CHARITABLE ACTIVITIES | 2021 | 2020 | |||
| Financial support to individuals and institutions | . | 37,981 | 55,059 | |||
| Moneytransmission charges | 15 | 15 | ||||
| Bankcharges | - | (206 ) | ||||
| Accountancy fees | : | 900 | ||||
| £ | 37,996 | £ | 55,768 | |||
| 3 | CREDITORS: amounts falling due within one year | 2021 | 2020 | |||
| Accrualsandothercreditors | £ | 900 | £ | 1,800 |
4 TRUSTEES REMUNERATION AND BENEFITS
The trustees neither received nor waived any emoluments during the period.
Page 7
THE STRAIGHT CHARITABLE TRUST
Charity Number: 1144712
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES
| report to the trustees on my examination of the accounts of The Straight Charitable Trust (the Trust) for the year ended 5 April 2021.
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities ACT 2011 (‘the Act’).
| report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
independent examiner's statement
| have completed my examination. | confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- (1) accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
(2) the accounts do not accord with those records; or
- (3) the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (accounts and reports) Regulations 2008 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.
| 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.
Name: MAG \w Vv7eEr Jf wgusy Q42\ Relevant professional qualification or body: Chartered Accountant
Address:
6 Queen Street, Leeds, LS1 2TW