**REGISTERED COMPANY NUMBER: 08285107 (England and Wales) REGISTERED CHARITY NUMBER: 1152108**
## **Report of the Trustees and**
## **Unaudited Financial Statements**
**for the Year Ended 30 April 2021**
## **for**
**The Strowger Trust (A Company Limited by Guarantee)**
Elliotts Shah Chartered Accountants 4th Floor 167 Fleet Street London EC4A 2EA
**The Strowger Trust**
**Contents of the Financial Statements for the Year Ended 30 April 2021**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|2|
|**Independent Examiner's Report**||3||
|**Statement of Financial Activities**||4||
|**Balance Sheet**||5||
|**Notes to the Financial Statements**|6|to|10|
**The Strowger Trust (Registered number: 08285107)**
## **Report of the Trustees for the Year Ended 30 April 2021**
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 April 2021. 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).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The Charity's objectives are to relieve sickness and preserve health among people, particularly children and young people, residing permanently or temporarily in Britain and to pursue any activity as the Trustees may from time to time in their absolute discretion determine, considered exclusively charitable under UK law.
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake.
The Trustees consider the performance of the Charity to be satisfactory.
## **Significant activities**
During the year under review, the Charity continues to undertake activities to generate future income. The Charity received £36k in donations from The Teen Cancer Amercia.
Due to the coronavirus (COVID-19) pandemic there has been no fundraising events in period. However, the Trustees continue looking for donors and are grateful to all donors for their contributions received during the current and previous year and their continued support in the future.
The Charity's cash reserves at the balance sheet date were £146,457 (2020: £144,435).
On 8 September 2020, The Strowger Trust formed a newly 100% owned subsidiary, Strowger Trust Original Films Limited.
Strowger Trust Original Film Limited works closely with Pete Townshend to create a new model for film making. A model where the proceeds of all the films go to the charity with the actors donating their time. The Hat, directed by the director Darren Strowger is an example of this model. The company continues making film for charity purposes in the coming years.
In accordance with the Memorandum and Articles of Association the Trustees have the power to invest in such assets as they see fit. The Charity has a policy of keeping surplus liquid funds in short term deposits. This low risk investment policy provides the flexibility in making charitable grants and ensures the Charity had adequate funds to meet ongoing grant commitments and administration costs in accordance with its reserves policy.
The plans for the future are to continue assisting charities and organisations which fall within the Charity's own stated objectives.
## **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.
Page 1
**The Strowger Trust (Registered number: 08285107)**
## **Report of the Trustees for the Year Ended 30 April 2021**
The membership of the Charity is open to other individuals or organisations who apply in the form required by the Directors & Trustees. None of the Trustees has any beneficial interest in the Charity. All of the Trustees are members of the Charity and guarantee to contribute £10 in the event of a winding up.
Existing Trustees brief new Trustees on the Charity's aims and objectives. They are given a copy of the Memorandum and Articles of Association along with the latest financial statements. They are also given literature about the Charity and a copy of the Charity Commission's guidelines for Trustees, which will help them fulfil their role in line with charity and company law.
Under the Memorandum and Articles of Association, at the first Annual General Meeting all the Trustees shall retire from office and, at every subsequent Annual General Meeting, one third of the Trustees shall retire annually and be eligible for reappointment.
The Trustees have assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Company number**
08285107 (England and Wales)
## **Registered Charity number**
1152108
## **Registered office**
50 Regents Park Road London NW1 7SX
## **Trustees**
D L Strowger Director A Hamilton (resigned 29.6.21) R S Moss (appointed 29.6.21)
## **Independent Examiner**
Arvind Shah Chartered Accountants Elliotts Shah Chartered Accountants 4th Floor 167 Fleet Street London EC4A 2EA
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 28 January 2022 and signed on its behalf by:
D L Strowger - Trustee
Page 2
## **Independent Examiner's Report to the Trustees of The Strowger Trust**
## **Independent examiner's report to the trustees of The Strowger Trust ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 April 2021.
## **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:
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.
Arvind Shah Chartered Accountants Elliotts Shah Chartered Accountants 4th Floor 167 Fleet Street London EC4A 2EA
28 January 2022
Page 3
**The Strowger Trust**
## **Statement of Financial Activities for the Year Ended 30 April 2021**
|Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
54,485
**EXPENDITURE ON**
Raising funds
3,764
**Charitable activities**
Charitable events
24,681
Other
4,213
**Total**
32,658
**NET INCOME**
21,827
**Transfers between funds**
8
395
**Net movement in funds**
22,222
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
118,912
**TOTAL FUNDS CARRIED FORWARD**
141,134|Restricted
fund
£
-
-
-
-
-
-
(395)
(395)
395
-|2021
Total
funds
£
54,485
3,764
24,681
4,213
32,658
21,827
-
21,827
119,307
141,134|2020
Total
funds
£
228,199
97,438
12,113
-|
|---|---|---|---|
||||109,551|
||||118,648
-|
||||118,648
659|
||||119,307|
The notes form part of these financial statements
Page 4
**The Strowger Trust (Registered number: 08285107)**
## **Balance Sheet 30 April 2021**
|Unrestricted
funds
Notes
£
**FIXED ASSETS**
Investments
5
100
**CURRENT ASSETS**
Debtors
6
482
Cash in hand
146,457
146,939
**CREDITORS**
Amounts falling due within one year
7
(5,905)
**NET CURRENT ASSETS**
141,034
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
141,134
**NET ASSETS**
141,134
**FUNDS**
8
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Restricted
fund
£
-
-
-
-
-
-
-
-|2021
Total
funds
£
100
482
146,457
146,939
(5,905)
141,034
141,134
141,134
141,134
-
141,134|2020
Total
funds
£
-
395
144,435
144,830
(25,523)
119,307
119,307
119,307
118,912
395
119,307|
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2021 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 28 January 2022 and were signed on its behalf by:
D L Strowger - Trustee
The notes form part of these financial statements
Page 5
**The Strowger Trust**
**Notes to the Financial Statements for the Year Ended 30 April 2021**
## **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, with the exception of investments which are included at market value.
## **Financial reporting standard 102 - reduced disclosure exemptions**
The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
## **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.
## **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. GRANTS PAYABLE**
Charitable events
|2021|2020||
|---|---|---|
|£|£||
|24,681||-|
During the year, The Strowger Trust reimbursed its subsidiary amounting to £24,681 being costs incurred by the subsidiary in order to carrying out a short film production project for charity purposes.
continued...
Page 6
**The Strowger Trust**
**Notes to the Financial Statements - continued for the Year Ended 30 April 2021**
## **3. TRUSTEES' REMUNERATION AND BENEFITS**
## **Trustees' expenses**
In the previous year, Trustees' expenses of £48k for travel costs in respect of fundraising activities and £2.5k for consultancy costs in respect of governance costs of the Charity were incurred. There was no trustee expense claimed for the period ended 30.4.2021.
|**4.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
funds
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
228,199
**EXPENDITURE ON**
Raising funds
97,438
**Charitable activities**
Charitable events
12,113
**Total**
109,551
**NET INCOME**
118,648
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
264
**TOTAL FUNDS CARRIED FORWARD**
118,912
**5.**
**FIXED ASSET INVESTMENTS**
**MARKET VALUE**
Additions
**NET BOOK VALUE**
At 30 April 2021
At 30 April 2020|Restricted
Total
fund
funds
£
£
-
228,199
-
97,438
-
12,113
-
109,551
-
118,648
395
659
395
119,307
Shares in
group
undertakings
£
100
100
-|
|---|---|
There were no investment assets outside the UK.
The company's investments at the balance sheet date in the share capital of companies include the following:
continued...
Page 7
**The Strowger Trust**
**Notes to the Financial Statements - continued for the Year Ended 30 April 2021**
## **5. FIXED ASSET INVESTMENTS - continued**
## **Strowger Trust Original Films Ltd**
Registered office: 50 Regents Park Road, London, NW1 7SX Nature of business: Films production
|%
Class of share:
holding
Ordinary
100
Aggregate capital and reserves
**6.**
**DEBTORS**
Amounts falling due within one year:
Other debtors
Amounts falling due after more than one year:
Other debtors
Aggregate amounts
**7.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
VAT
Other creditors
Accruals and deferred income||30.4.21
£
100
2021
£
482
-
482
2021
£
-
1,805
100
4,000
5,905|2020
£
-
2020
£
-
395
395
2020
£
17,734
3,394
395
4,000
25,523|
|---|---|---|---|
|||||
**8. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
Unrestricted funds
**Restricted funds**
Restricted funds
**TOTAL FUNDS**|At 1.5.20
£
118,912
-
118,912
395
119,307|Net
movement
in funds
£
21,827
-
21,827
-
21,827|Transfers
between
funds
£
-
395
395
(395)
-|At
30.4.21
£
140,739
395|
|---|---|---|---|---|
|||||141,134
-|
|||||141,134|
continued...
Page 8
**The Strowger Trust**
**Notes to the Financial Statements - continued for the Year Ended 30 April 2021**
## **8. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|Incoming
resources
£
**Unrestricted funds**
General fund
54,485
**TOTAL FUNDS**
54,485
**Comparatives for movement in funds**
At 1.5.19
£
**Unrestricted funds**
General fund
264
**Restricted funds**
Restricted funds
395
**TOTAL FUNDS**
659
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
228,199
**TOTAL FUNDS**
228,199|Resources
Movement
expended
in funds
£
£
(32,658)
21,827
(32,658)
21,827
Net
movement
At
in funds
30.4.20
£
£
118,648
118,912
-
395
118,648
119,307
Resources
Movement
expended
in funds
£
£
(109,551)
118,648
(109,551)
118,648|
|---|---|
continued...
Page 9
**The Strowger Trust**
**Notes to the Financial Statements - continued for the Year Ended 30 April 2021**
## **8. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
Unrestricted funds
**Restricted funds**
Restricted funds
**TOTAL FUNDS**|At 1.5.19
£
264
-
264
395
659|Net
movement
in funds
£
140,475
-
140,475
-
140,475|Transfers
between
funds
£
-
395
395
(395)
-|At
30.4.21
£
140,739
395|
|---|---|---|---|---|
|||||141,134
-|
|||||141,134|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|282,684|(142,209)|140,475|
|**TOTAL FUNDS**|282,684|(142,209)|140,475|
## **9. RELATED PARTY DISCLOSURES**
In prior year, there was an amount of £18k due to a Excell Business Systems Ltd, a company registered in England and Wales of which D Strowger was a former director of that company. In line with adjustment made by Excell Business Systems Limited, this amount has now been reclassified as donation received in the current year.
Page 10