Company Registration Number CE006333 The Charty Registration Number 1167085 The Paul Strank Charitable Trust Report and Accounts 31 December 2024 CHARLES GROUP C Charfe8 & Co Umited 105 Seven Slsters Road, London N7 QR
The Paul Strank Charttable Trust Report and a¢¢ounts for the year ended 31 December 2024 Contents Page TrustOO8' Annual Report Statom•nt of dlrectors. responslbllltles Accountants. report Fund Stalomonts Statement of Financial Aclivities 11 Movements in funds 12 Income and Expenditure Account 13 Balanco •ho•t 14 Not•8 to th• account8 15
The Paul Strank Charitable Trust Company Registration Number - CE006333 Trustees. Annual Report for the year ended 31 Dècember 2024 The Trustees present their Report and Accounts for the year ended 31 December 2024. which also comprises the Directors, Report required by the Companies Act 2006. Reference and admlnlstratlvo dotall5 Tho Charity name The legal name of the charity is: The Paul Strank Charltable Trust. The charlty8 areas operatlon and UK ¢harltabl• r•gl8tratl0n. The charity Is registered In England & Wales with the Charity Commission in England & Wales (CCEID4 wlth charlty number 1167085. The charity does not operate in any overseas jurlsdictions. Lagal stru¢lur• of tho charlty Th¢ charity i¥ ¢on$tituted as a company Ilmlted by guarantee, registered under the Companies Acts The govemlng document of the charlty 18 Ihe Memorandum and Article$ of Association establlshlng the company under company leglslatlon. There are no reslrictions in the goveming documents on the opération of the Charlty or on Its Investment powers other than thos8 imposed by Charity Law. By operatlon of law all trustees are director$ under the Companies Act 2006 and all directors are Irustees under Charities legislation and have re8ponslbillties, as such, under both company and charity gISlation. The trusteos aro all individual$. Th• prlnclpal op•ratlng addr•88, t•lephone number, emall and web addr•8••• of th• charlty ar•: 22 Weir Road Immbledon London SW19 8UG Telephone 020 8647 6110 The registered office of the charlty for Companies Act purposes is the same as the operatlng addres$ shown above.
The Paul Strank Charftable Trust Company Registration Numbèr - CE006333 Trustees. Annual Report for the year ended 31 December 2024 The Trustees In office on the date the report was approved were: Paul Strdnk MBE Irene Strank MBE Tho followlng p•rson8 served a8 Truste durlng th• year ended 31 Decemb•r 2024: The twstee$ who served as a trustee in the reporting period were as shown above, and there were no changes during the year. or in the period belween the year end and the approval of the accounts. All the trustees are also members of the charity. ObJoCt8 and actlvltlm of th• charlty The purpoM$ of the charlty as Sot out In It¥ govornlng docum•nt. The Paul Strank Charitable Trust has been set up to #upport disadvantagéd familias, with a focus on allevialing poverty, illnes8 or other hardship for children. In doing 80, we hope to brlng some measure of relief, happiness & joy to th08e in our community desperately In need of compa88ion & supp1. Tho maln actlvltl•8 undertakon In rolatlon to tho•• purpo••8 durfng the y•ar. The focu8 of our fundraising efforts in 2024 was to continue the steady recovery from the challenges brought about by the Covld-related slowdown in prevtous year8. The year began with a small bui symbollc c8mpaign, as we supported a local triathlon participant, Dlogo Bolan, who generously chose to raise funds on behalf of the Trust. Imlh minimal financial outlay limited to branded clothing for Ihe event and the implemenlalion of a QR coje-based donats'on plafform, we wer8 able to facilitate his efforts. Diogo's commrtm8nl and enlhusiasm translated Into a commendable totsl of just over £4.000 raised for the CharY. and the MpaIgn provlded both visibilily and renknied momenlum for the year ahead. Building on this promislng start, we held a Spring Charity Party wlth Raynes Park Vale. In keeping with previous events of Ihis kind, the gathering was modest In scale but rlch in community spirit and support. Hosted at a local venue and attended by long-standing friends and new supporters allke, Ihe event served nol only to raise much- needed funds but also to reaffirm our conneclions with the local cornmunity. The evening generated approximately £15.000 in donatlons and conttlbutions. The centiepiece of our fundraTrsing calendar once again proved to ba our Annual Charity Gala, which remains the Trust's principal source of fundraising income. We are deeply gratefvl to the team al the Royal Garden Hotel in Kensington. who once again extended their generous support by offerlng preferenllal rates and conslderable Ilexibilty. Thelr willingness to provide a large function space. as well as adjoining rooms to accommodate our celebrity guests and entertainment preparations, greally contributed to the smoolh running and overall success of the evening. The event ralsed apwoximalely £38.000 and allowed us to reconnect with many of our long-standing donors and partners in an atmosphere of celebration and shared purpose. Rounding off the year, we launched our Christmas Appeal an annual oUta¢h to previous supporters and the wider local community. While smaller in scale, the campaign was warmly Teceived and helped maintain our presence during the festive season. Through a combination of individual donalions and community support, we were able to raise approximately £1.700.
The Paul Strank Charltable Trust Company Registration Number - CE0333 Trustees. Annual Report for the year ended 31 December 2024 Each of these evenis played an important role in supporting the financial stsbility of the Trust during the year, enabling us to continue our work and plan future grants with confidence. The maSn actlvttlos undortakon durlng the year to further the ¢harlty'8 purpose for the publlc bonofit. The Paul Strank Charltable Trusl considers grant applications from within the London Borough of Merton and oss the UK, pr¢)vided they allgn with our objectives. In 2024, we received fewer appltcations than in previous years, which, given the limited number of projecls we eAn support. was a welcome change from years where many had to be turned away. As in previous years, the Trustees prioritised funding for young people, individuals facing hardship. and the public and particularly where support can relieve need, hardship, sickness, disability or dlstress. Applications from prevlous recipients and un$uc¢es8ful applicants are considered on their own merits. Vthile past outcomes are noted, they do not Infiuence the decision on new applications. The TTU8tee8 aim to support 8 broad range of organisatlons, with a focus on grassroots and small-to-medium- Sized voluntary groups. Grants may also be awarded to indlviduals. assessed case by case. The Charity is open to partnerships with other oiganisatlons lo support initiatives beyond the scope of any single body. However, it is our policy not to fund aclivilies for which the govemment has a statutory re8ponsibllity. All appllcatlons undergo an Snitial eligibiliiy check. Trustees revlew ellglble applications at theSr rneetlngs, but due to high demand, responses may not be possible in all cases. Even strong applications may be declined due to limited funds, and Trustees are not obliged to provide reasons for rej8ction8. All grants are monitored, with conditions set where necessary. Progress is assessed agalnst agreed targets. For grants paid in in8lalment8, further payments are subject to salisfactory progress, and th& Tru8tee8 TeseNe the right to withdraw funding if requlfed, The Tru$lee$ havo follow¢d the Charity Commlssion's guidance on publlc benefit throughoui the year. The contrlbutlon of voluntsers durfng the year. We are lucky to have a large base of volunteers induding Paul Strank Roofing Limiteds staff who glve up a lot of time throughout the year to mak8 every event a success. Most of our volunteers have been wlth us for a long tlme and have helped on numerous events and Include friends, family as well as councll members, MP'S, Lords & Ladl88, buslness associates and generalty people from 811 walks of lifel As always, we are extremely grateful to our $pon8ors, patrons, donor8 and supporter8 who make it all possible. Some have newly come aboard. whlle others have been supporting our work since before The Paul Slrank Charitable Trust was even fomed. but to each and every one of them we can only say a huge. hu9e thank you. The maln achlovements and porfomiance of tho charlty durlng the yoar. 2024 was, In many ways, a surprising success for the charity. particularly against the backdrop of ongoing economlc uncertainty. wrth households facing increasing financial pressure and many charities seeing a dip in donations, we were genuinely moved by the continued generosity of our supporters. The willingness of Idividuals, local businesses, and long-standing partners to keep supporting our work despite challenglng times was both humbling and heartening. Thanks lo this ongoing support, we were able to raise enough over the course of the year to fund several meaningful grants and donations to a range of causes. As in previous years. our main Charity partner, Shooting Star Children's Hospices, continued to receive our largest allatiOn of support.
The Paul Strank Charitable Trust Company Registration Number- CE006333 Trustees. Annual Report for the year ended 31 December 2024 Their work remains closely aligned wlth our charitable objectives, and we were delighted to provide them with a combined lotsl of £53.000 raised through both our Christmas Appeal and our Annual Charity Gala. It is an honour to be able to contribute to the vital servrces they offer to families during some of the most difficult times imaginable. In total, the Trust distributed £124,074 in monetary grants during 2024, enabling us to support a few worthy causes throughout the year. Among these was our contlnued support of Stevie and her family. Having previously provlded a specialist pushchair to aid her mobility: we w8re onc8 again pleased to be able to fund a family holiday for Ihem. Being able to offer nol Just practical help. but also the chance for a family to create joyful memories together. is at the heart of whal we aim to do. It Is dlfficult lo overstate Ihe impact that such a simple gift of time and relaxation can have foi familles living with ongoing heah challenges. Beyond our main donalK•ns, we were also able to offer smaller grants and assistance to other aligned charities and communlty-based initiatives throughout the year. These Included one-off contrlbutions and support for causes brought to us by our network of local supporters and coMmunY organi8ations, and each was assessed and awarded in line with our charitable objectives. Our operational costs continue to remaln extremely low. The chaiity has no staff costs and does not pay for premises, utilities. or day-tO&day running expenses, as these are generously covered by Paul Strank Roofing Limited. This modal •n$ures Ihat almost every penny ralsed goes directly to the people and organi8atlon8 that need it m05t. A modest reserve is maintained solely to cover the upfront cost5 assoclated with planning and delivering our fundraising events such as deposits for venues or marketing materials before ticket sales. sponsorshlp. or donations are received. All of thls would not be possible without the Commitment of our community. partners, and donors. As always, we remain deeply grateful for the support that makes our work posslble. RoseTve• Poll¢y The total Charltls fund was £74145 {2023'. £87,010), It 18 normally the policy ol the charity to keep reserve funds of around £35,000 to maintaln the charity's normal function. However, as the maln function ol the charity is to raise funds at events and then make grants, and as events were a challenge to host in 2024 the truslees decided that the funds would be better used making grants to worthwhile causes and charities than Sitting in a bank account. Nevertheless, despite all the challenge8 presented the charlty managed to maintain the reserve funds more than the Ilmlt $81. We consider this is prudent lo maintain the current functionlng of the charity.
The Paul Strank Charltable Trust Company Registration Number - CE006333 Trustees. Annual Report for the year ended 31 December 2024 Setting pay and remuneration of key management porsonnol None of the Trustees received any remuneration for their work during the year. Accountants C Charles & Co Limlted Finandal revlew Thè charlty'8 flnanclal posltlon at tho ond of the year •nd•d 31 D•c•mb•r 2024 The financial posltion of Ihe d)arity 8t 31 December 2024 and comparatives for the prior period, as more fulty detailed in the accounts, can be 8ummari8ed as follows.. 2024 2023 Not Incomel(expondlturn) 112.865) 35.974 Unrestricted Revenue Funds avallable for the general purposes of the charlty 87,010 51,038 Totsl Fund• 74.145 87,010 Flnanclal revlew of the po8ltlon at th• reportlng date, 31 Decemb•r 2024. Total income for the year was £225,004 (2023.. £222,930). Total expenditure amounted to £237,869 (2023.. £186,956) for the year. of which a total of £124,074 (2022.. £76,747) was pald out under our grant maklng policy. The results for the year showed an excess of expenditure over income of £12,865 {2023'. Excess of income over expenditure of £35,974). It is our policy for the Charity to break even on its regular charttable activities however Ihe Charity has adjusted this policy in response to the both the pandemic and the ever-difficull economic conditions. The net funds and cash position at the end of the perlod remained strong and the trustees considered ihe overall financial position of the charity to be satisfaclory.
The Paul Strank Charltable Trust Company Registration Number- CE006333 Trusts88' Annual Report for the yèar ended 31 December 2024 Pollcles on re8erv•s The total Charity's fund was £74,145 (2023: £87,010). It is normalty the policy of the charty to keep reserve funds of around £35,000 to maintaln the charity's nonnal function. Despite the continued challenges presented to the charity, it still managed to maintain the reserve funds in excess of the limit set. We consider this is prudent to malntain the currenl functioning of the charity. Avallablllty and adoquacy ol a8sets of each of tho fund8 The t)oard of trustees is satisfied that the charity's assets in each fund are available and adequate to fuffil its obligations in respect of each fund. Plan8 For th• Futur• Summary of plans and the tru•te•$' perspectlve of the future dlrectlon of the charlty. Our plans for 2025 are to continue to raise as much as we can for the people who need it most whilst belng prudent with our spending. We plan to hold a Summer Party on 19th July 2025 at the Royal Garden Hotel on Kensington High Street- this is to replace the Annual Charfty Gala whlch we struggled to raise income from sponsorship. Paul Strank Roofing Limited will be the main sponsor for this event. This event will be a more casual affair and will significantly less lime and energy to organis6 than our usual annual event. We exped 2025 to be much the same a8 2024, though a8 always, we hopo to raise more and therefore grant morel Detalls of Th• Ind•pendont Examlnor Nicholas Charles FCCA Fellow Member of the Association of Chartered Certified Accountants 105 Seven &'sters Road L<)ndon N7 7QR
The Paul Strank Charitable Trust Company Registration Number - CE006333 Trustees. Annual Roport for the year ended 31 December 2024 Statement of the Dlrectors Trusto•s' Responsibilities The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Companies Act 2006, the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstsnding the explicit requirement in the extant statutory gUlations, the Charities (Accounts and Reports) Regulations 2008. to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requirlng them to follow current best practice and prepare the accounts according to the FRS 102 SORP {Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1 st January 2019), (The SORP), . In particular, the Companles Act 2006, and charity law require the Board of Trustees to prepare financlal statements for each financial year which give a true and fair view of the state of affairs of the charily as at the end of the financlal year and of the surplu8 or deficit of the charlty. In prep8ring those ffinancial statements the Board is requlred to.. - to prepare ihe accounts in accordance wlth United Klngdom Generally Accepted Accounting Practlce (United Kingdom Accounting Standards and applicable law). - select Suitable accounting policies and apply them consistently. make judgements and estimat88 that are reasonable and prudent. prepare the flnancial statements on the going concern basls unless it is inappropriate to presume that the charlty wlll continue in business. slate whether applicable accounting standards and statements of recommonded practice have been followed. subject to any materlal departures dlsclosed and explained In the financial statement$. The law require8 that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charrty for the year. The Twstees are also responsible for mainlaining adequate accounting records which di8cIo8e with reasonable accuracy at any time the financial positlon of the Charity and which are suffici8nt to Show and explain the charlty's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. They are also responsible for safeguarding the assets of the charty and hence for taking reasonable steps for the prevention and detection of fraud and other irregulariiie8. The Trustees are also responsible for the contents of the Trustees, report. and the statutory responsibility of the Independent Examiner in relation to the Tru5tees' report is limited to examining the report and ensuring that. on the face of the report. there are no materlal Inconsistencies with the figures disclosed in the financial ststements,
The Paul Strank Charitable Tnt Company Registration Number - CE006333 Trustees. Annual Report for the year ended 31 DeGomber 2024 Method of proparallon of accounts - small company provi8iiJns The financial statements are set out on pages 11 to 24. The financial statements have been prepared implemenllng the FRS 102 SORP (Statement of Recornrnended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued In October 2018 and applicable to all accounting periods beginning on or after 1st January 2019). (The SORP). and in accordance with Ihe Financial Reporting Standard 102, (effective 1st January 2016) These financial statements have been prepared In accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies. regime. This report was approved by the board of trustees on 4 July 2025 PAUL STRANK MBE Director and Trustee
The Paul Strank Charltable Trust Company Registration Numbèr- CEIY)6333 Rèport of the Independent Examlner to the Trustses of the Charitable company on the accounts for the year ended 31 December 2024 I report to the Trustees on my examination of the finanrAal statements of th8 charrtable company for the year ended 31 Dmber 2024. These accounts have been prepared in accordance wrth the Charits'es Act 2011 (the Act) and with the Financial Reporting Standard 102, (effective 1 st January 2016) as modified by FRS 102 SORP {Stslernent of Recommended Practice for Accounting and Reporting by Charits'es} 2015, {as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), IThe SORP). wblished by the Charity Commission in England & Wales (CCEW) , and under the historical cost conventlon and the accounting policies set out on page 15. Respectlve respon8lbllhl•s of tho Tru•tee8 and tho Independont Examlner and the basis of thfr report As the charitable company's Trustees, who are also the Directors of the Company for the purposes of Company law, you are responsible for Ihe preparation of the financial statements in accordance wllh the Companies Act 2006. Having satisfied myself that the accounts of the Company are not required to b8 audited und8r Part 16 of the 2006 Act and are eligible for indep8ndent examinalion. I report in respect of your charity's accounts as carried out under the Charilles Act 2011 $,145 (the 2011 Act). In carrylng out my examinatlon I have followed the Direclions given by the Charity Commission under s. 145{5> (b) of the 2011 Act. Ba•1• of Indopondent Examlnerf• Statemont and scope of work und•rtaken I report in respe of my examlnation of the charity's financlal statements carrled out under $145 of the Acl. In carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act settlng out the dutieg of an Independent examlner in relation to the conductlng of an independent examination. An independent examlnation indudes a review of the accounting records kept by the charitable company and of the accounling systems employed by the charilable company and a campari80n of the financial statements presented with those records. It also includes consideration of any unusual ilems or discbsures in the financial statements. and seeking explanatlons from you. as Truslae$, concerning such matters. The purpose of the examlnatlon Is to establish as far as possible that there have been no breaches of charity legislation and that, on a test basls of evidence relevant to the amounts and disclosures made, the financial slatements comply with Ihe SORP. The procedures undertaken do not provide all the evidence that would b8 required in an audit, and infoimation supplied by the Trustees in the course of the examination is not subjected lo audit tests or enquirles and does not cover all the matters that an auditor would consider in arriving at an opinion. The planning and conduct of an audit goes beyond the limited assurance that an independent examinatlon can provide Consequently, I do not expre$8 an audit opinion on the vlew given by the financial Statements, and In particular, l express no opinlon as to whether the financial statements glve a true and falr view of the affairs of the charty. and my r•p¢rt 18 limited to matters set out In thè statement below. Independent Examln•rf• Stsl•ment. Report and Oplnlon Subiect to the limitatlons upon the scope of my work as detailed above, I have completed my examination. l can confimi Ihat material matters have come to my attention In connection with the examination which gives me cause to believe that in, any materlal respect: Accounting records were not kept in respect of the chariiy as required by Section 386 of the Companies Act 2006 and Section 130 of The Charities Act 2011. The financlal statements do not accord wlth those records; or The financial statements do not comply with the applicable requirements conceming the form and content of accounts set out in section 396 of the Companies Act 2(MJ6 other than any requirement that the accounts give a Irue and fairf vlew, which is not a matter considered as part of an independent examination: or
The Paul Strank Charftable Trust Company Registration Numbgr- CE006333 That the accounts have not been prepared in accordance with the methods and principles sel out in the FRS 102 SORP (Ststement of Recommended Practrce for A¢untIng and Reporting by Charities) 2015. {as amended by the Bulletin issued in October 2018 and applicable to all accounting perrods beginning on or after 1st January 2019). (The SORP). I have no concerns and have come across no other matters in connection with the 8xaminalion to which att8ntion should be drawn In this report in order to enable a proper understsnding of the finanaal statements to be reached. Signed: Nlcholas Charle$ FCCA - Independent Examiner Chartered Certified Accountant 105 Seven Sisters Road London N7 7QR Th18 report was slgned on 04 July 2025 10
The Paul Strank Charltable Trust- ststement of Flnanclal Advltles for the year ended 31 December 2024 SORP Currontyoar Unr•8trtct•d Funds 2024 Curronl yoar Rostrl¢tsd Funds Cuiventyear Totsl Funds Pfloryear Total Fund8 2024 2024 Income & Endowmont8 Donations & Legacies Chariiable activities A1 98,283 124.647 160,550 160.550 Totsl Incomo 225,004 222,930 Expondlturn on: Raising fund8 Charitable activities 81 109,189 128,880 109.189 128.680 105.911 81.045 Total •xp•ndltur• 237 869 186956 Net lexpendltur•)nncom• lor the year Net movement In fund8 (12.885) 112,865) 35.974 (12,8851 112,865) 35,974 Total fvndg brought forward 87,010 87,010 51.036 Total fund• carrlod forward 74,145 74,145 87,010 The 'SORP Ref Indlcated above is the classification of InMe set out in the forrnal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet. A separate Statement of Total Recognlsed Galns and Losses Is nol required as this ststement Indudeg all recognised gains and108ses. All the prlor year transactions wer8 unrestricted items, and no further anatysis is requlred All actlvities derive from continuing operations Th• not•• atta¢h•d on pag•• 15 to 24 fomi an Intogr•l part of th•8• accounts. 11
Movements In revonuo and capltal lunds for the year ended 31 December 2024 The Paul Strank Charltable Trust- Resourus applied in the yearended 31 Do¢ember 2024 towards fixed assots for Charlty use: 2024 2023 Funds generated in the year as detailed in the SOFA (12,865) 35,974 Net rnsour¢e8 avallable to fund charltablo actlvltle• (12,865) ,97 Revènue accumulated funds Unrgstrlct Funds 2024 Rosirfcted Fund• 2024 Tol•l Funds Last year Total Fund 2023 Accumulated funds brought fOard 87,010 87,010 51,036 Recogni8ed gains and losses before transfers (12.865) {12,865) 35,974 Clo•lng r•v•nu• funds 74.145 74.145 87,010 Revenue accumulated fund8 74,145 74,145 87.010 12
Th• Paul Strank Charitable Trust InconM and Expendlture Account for the year ended 31 December 2024 as roqulred by the C<>mpanles Act 2006 2024 2023 Income Income from operations Refunds from HMRC on gift alded donations Total Incom• 225,004 222,930 225,004 222,930 Gr088 In¢ome In the year Includlng excoptlonal ttems 225,004 222,930 expendlture Direct charitable expenditure Fundraising costs Governance CL)St8 124,600 109,189 4,080 76,747 106,309 3,91K) Total •xndIture In tho year 237.869 186,956 Not Incom• b•forg tax In the financlal y•ar 112,865 35.974 Tax on surplus on ordinary actlvrf£les Net Income after tax In th• flnanclal y•ar 112.865) 35.974 Rotalned {deflclt)l•urplus for tho flnanclal y•ar 112,865) 35.974 All adMtie8 derlve from continulng operallons In a¢cordance with the provisions of the Companies Act 2006, the headlngs and subheadings used in the Inme and Expendlture account have been adapted lo reflect the speclal nature of the charity's activities. Tho notes attached on pages 15 to 24 form an Intogral part of thoge account•. 13
The Paul Strank Charltablo Trust - Balance Sheot a8 at 31 December 2024 SORP NtXe8 R 2024 2023 Current assets Debtors Cash at bank and in hand 30,450 47.775 10,970 79,940 Total current assets 78.225 90,910 Credltors". amount8 falling duo wlthln one year C1 (4,0801 (3,900) Net current asset• 74145 87.010 The total net asset• of the charfty 74.145 87,010 Tha tolal not asset8 of tho charlty aro funded by tho funds of the charlty. a8 follow8: RtrIcted fund• Unr••trlcted Fund8 Called up share capltal Share premium Unrestricted Revenue Funds Total Unrestricted Revenue Funds Total charlty fvnd• 10 74,145 87,010 74,145 87.010 87,010 The 'SORP Ref Indicated above is the classlfication of Balance Sheet ilems as set out in the fomal SORP documents. As required by paragraph 4.80 of the SORP, the brought foThYard and carried forward funds al>ove have been agreed to the SOFA. The director8 are satisfied that Ihe company is entltled to exemptlon from the requlrement to obtain an audit under section 477 of the Companies Act 2¢)06. The members have not required the company to obtain an audit in accordance wllh section 476 of the Act. The directors acknowledge their responsibllities for complying wlth the requirements of the Companles Act 2008 with respect to accounting records and the preparation of accounts. The charty is subject to Independent Examination under chatlty legislation, and the report of the Independent Examiner Is on page 10. The financial statements have been prepared in accordance with the provlslons in Part 15 of the Companles Act 2(KJ6. applicable to companies subject to the small companies, regime. IRENE 8TRANK MBE Trustee AFproved by th8 board of trustees on 0310712025 The noto8 attached on pago¥ 15 to 24 fonn an Integral part of th88• a¢counts. 14
The Paul Strank Charltable Trust Notes to the Accounts for the year endad 31 December 2024 1 Accounting pollcle8 Basls of preparatlon and accountlng conventlon The accounts have been prepared on the accruals basis, under the historical cost convention. and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP). published by the Charty Commission in England & Wales (CCEIN) effective January 2018, and in accordance with all appllcable law in the charity's jurisdiclion of registration, except thal the charity has prepared th8 financial statements in accordance with the FRS 102 SORP (Statement of Recomff*nded Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), in prèfèrence to the prevtous SORP. the SORP 2005, which has been wlthdrawn, nolwilhstanding the fact that the extant statutory regulalion5, the Charitiès {Accounts and Reports) Regulations 2008 refer expllcitly to the SORP 2(K15. This has been done to accord with current best practice. Golng Concom The charitable activities are entirely dependent on contlnuing grant aid and voluntary donations as well as trading revenues. Therefore, the going concern basis is dependent on the futur8 flow of these uncertain funding streams. Accordingly. the Trustees have obtained forecasts and, after reviewing the financial forecasts for future periods lo 31 December 2023, the Truslees are salisfied that. at the tlme of approving the fjnancial statements, It is appropriate to adopt Ihe goiThJ concern basis In preparlng the financial statements. Other than these matters, the Trustee8 are not aware of any materlal unc¢rtaintles about the charity's abllity to continue as a going concem. Rl•ki and futur• a8sumptlon8 The charity Is a publlc benefit enllty. Nature of In¢om• Income is fecognised when the charity Is legally entitled to 11 after any performance conditions have been mel, the amounts can be measuied rellably, and it is probable that income will be received. Thls Includ88 income from fundraising events Categorles of Income Inc<)me is categorised as income from trading adivities and donations. Income from tradlng actlvltles includes income eamed from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and seniices to raise funds and is recognised when entlllement has occurred. Income from donatlons are recognised on reIPt. Other donations are recognised once the charity has been notified of the donation unless performance conditions require defeTral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenanl is recognised at the time of the donatlon. 15
The Paul Strank Charltable Trust Notes to Accounts for the year ended 31 D•¢ember 2024 Income rocognilion Income, whether from exchange or non-exchange transactions. is recognised in the statement of financial activities (SOFA) on a receivable basis. when a transaction or other event results in an increase in the charity's assels or a reduction in its liabilities and only when the charity has legal entitlement. the income Is probable and can be measured reliably. Income subject to terms and conditions which must be met before the charity is entitled to the resources is not recognised until the conditions have been met. All income is accounted for gross, before deducting any related fees or costs. Rocognltlon of Ilabllltles and expendtture A liability. and the related expenditure. is recognised when a legal or constructive obligation exists because of a past ev8nt, and when it is more likely than not that a transfer of econom beneffit8 will be required in settlement, and when the amount of the obligation can be measured or reliabty estlmated. Llabilities arising from future funding commitment8 and constructive obligations, including performance related grants, where the liming or the amount of the future expendlture required to settle the obligation are uncertain, give rise lo a provision in the accounts, which is revIevd at the accounting year end. The proviston Is Increased to reflect any increases In liabilities and 18 decreased by the ulllisation of any provision within ihe period and reversed if any provision is no longer required. These movement8 are charged or creditad to the respeclive funds and activitie8 to whSch the provision relales. Allocatlng costs to a¢tlvltle• Grants payable are payment8 made to Ihird parties In the furtherance of the charitable objects of the charlty. Grants awards that are subject to the recipient fulfilling performance condilrons are only a¢¢rued when the recipient has been notified of the grant and any remaining unfulfilled ondrtion attachlng to that grant is outside of th& control of Ihe charity. Expenditure Is recognised in tho period in which they are incurred. Expendlture on charitable actlvities Include the costs of the fundiaising and the events held for the ¢ommunity and the purpo$e of the Charlty and their associated support cost8. Govemanc8 cosls comprise all costs involvlng the public accountability of the charity and ts compliance with regulation and good praclice. These costs include costs related lo statutory audit and legal fees together with an apportionment of overhead and support costs if applicable. VoluntO0rn In acwdance with the SORP, and in recognition of the dlfficulties in placing a monetary value on the contribution from volunteers, the contributs'on of volunteers is not included within the income of the charity. However. the trustees value the significant contribution made to the activities of the Charity by unpaid volunteers. 16
The Paul Strank Charltable Trust Not•s to the Acmunts for the yoar ended 31 December 2024 Debtors Debtors are measured at their recoverable amounts at the balance sheet date. Credltors and provlslons Basic financial liabilities. including creditors are initially recognised at Iransa¢tlon price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities dassified as payable within one year are not amortised. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operallons from suppllers. Amounts payable are classified as current liabilities If payment Is due wrthin one year or less. If not, they are presented as non-current Ilabilities. Trade credltors are recogni5ed initially at tran$action price and 8ubsequenlly measured at amortised eo$t using the effective interest method. Fund Aecountlng Unrestricied funds are available for use al the dlscretion of the trustees in furtherance of the general objectives of the charity. There are no endowment fund$. 2 Llablllty to tsxatlon The Trustees consider that the charty 8atlsfles the lests set out in Paragraph 1 Schedule 6 of the Finance Ad 2010 for UK corporation tax purposes. Accordlngly, the Charity is potentially exempt from taxation in respect of Income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Sectlon 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains ar8 applied exclusively on the specifK chatitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the chaiity and is therefore included in the relevant costs in the Statement of Flnancial ActivltS8s. 3 Wlndlng up or d188olutlon of th• charlty If upon winding up or dlssolulion of the charty there remain any assets, after the satlsfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some Other charitable body or bodies having slmilar objects to the charity. 4 Staff costs and emolumgnts Numbers of full-tlmo employe•8 or full4lma •qulvalent8 2024 2023 The average number of total staff employed in the year was 5 Remuneratlon and payments to Trusto08 and pgr8on8 connecled wlth them No trustees or persons connected with them received any remuneratlon from the charity, or any related entity. 17
The Paul Strank Charltable Trust Notes to the Accounts for th• year •nd•d 31 D0mber 2024 6 Debtors 2024 2023 Trade debtors 30.450 10.970 30,450 10.970 7 Creditorn: amounts falllng duo wlthln one year 2024 2023 Acuuals 3,9)0 3,9)0 8 Incomo and Expondlturn account 8ummary 2024 2023 At 1 January 2024 {Deficli)Isurplus after tax for the year At 31 D8Mber 2024 87,010 {12.865) 51,036 35,974 9 Portlcular• of how partlcular fund• ar• r•prOnIed by amots and Ilablllll•s At 31 D9Mr 2024 Unro$trl¢t•d R•strlcte d funds Toi•l Fund• CuffentA888t8 Current Liabi11118s 78,225 {4.080) 78,225 14,oaoi 74,145 74,145 Al 1 January 2024 Unrnstrlct•d lund• Re8irfctsd fvndj Total Fund• CuffentAssets Cuffent Liabilities 90,910 13,900) 90,910 13,9001 87.010 87.010 18
The Paul Strank Charltable Trust Note8 to the Accounts for the year ended 31 Decemb•r 21)24 10 Change In lolal funds over tho yoar a8 shown In Noto 9, analysed by Indlvldu41 funds Funds brought Movomenl Fund$ c•rrlod forward from In fund$ In fornard to 2023 2024 2025 Unrestrlcted anddeslgnatodfvnds.. Unre8lri¢ted Revenue FuThJs 87.010 (12,8651 74145 Total unrn8trlcted and dMlgnat•d fund• 112,8651 74145 Tolal ¢harlty fund• 87,010 112,8651 74,145 11 Analy818 of mov•m•nts In lund• ov•r th• y••r a• •hown In Nol• 10 Incom• Exp•ndltur• Movem•nt In fvnd• 2024 2024 2024 Unrestrl¢ted•nddoslgnat•dlund•.' Unreslricled Revenue Funds 225,004 {237.8891 112,865) 225,004 (237,869) 112,865 12 Th• purpos•• lor whl¢h th• fvnd• a• Unr•$¢rlc¢•d •ndd•¥lqn•l•d lurtd*.' Unrestricted Revenue Funds These funds are held for th8 maeling the objectives of th8 charity, and to piovid8 re8erye8 for future activities, and, subject lo charity 18gi8latton. are freo from all restrictions on thèir use. 13 Ultlmats controlllng party The charty is undei the control of its 81 members. Every member of the charity bs obliged to contribute such amount as may be wuirnd not èxceeding £10 lo the a$sets of the company in the event of its being wound up vthikn he or she is o member, or withln one year after he or she Ggases to be a member.
The Paul Strank Charltable Trust Dotalled analys18 of Income and oxpondlture for the y•ar ondod 31 Decomhr 2024 a8 requlr•d by tho SORP 2015 Th1$ analysls Is ¢la55lfled by conventlonal nomlnal do$¢rlpllons and not by actlvlty. 14 Donatlon•, Grants and Lega¢l Curr•nty••r Curr•nt y•ar Curr•nty• PrlorY•ar Unr••trfcl•d R••trlct•d Total Funth Tol•l Fund• Fund• Fund8 2024 2024 2024 Donatlon8 and glfts from Indlvldual8 Small donations individually less than £10C(I Refunds from HMRC on gift aided donatior 20,954 20,954 21,783 Chrislma8 appeal Ehson Shah 3,50) 10,000 10.000 Paul Walters 7,000 7,000 Tho Candy Foundation Robin Ketteridge Adam Scott 5,000 5,000 3,500 3.500 5,000 Suraj Kamdar St•phon Sexton Ann Burnett 1.000 1,1)00 1.000 1,000 Tol•l donallon• •nd glft• from Indlvldu•l• 51.454 31.454 35.283 Curr•nl Cyrr•nt yw Curr•nl y•w Prlor Y•*r Unrn•lrfcl•d R••tslthd Fvnd• Fund• Total Fund• Tolal Fund• 2024 2024 Spon•or•hlp Martln Barrett- Nell8ar Ltd Ray Gun8on Diamond Corporation Paul Strank Roofing Sloane Gable Mike Richardson Totsl •p¢)n•orshlp In¢¢)m• 5.000 5,000 3,000 5,000 5,000 3.000 3.000 20,000 20.000 13.000 13,000 63,000 Totsl Donatlon8, Grants and L•gachs Total Donatlons, Grant• and Logados A1 64.454 64,454 98,283 20
The Paul Strank Charltable Trust Detallfrd analysls of Income and expendlture ft>r the year endod 31 De¢ember 2024 as requlred by the SORP 2015 15 Incomg from charltable actlvltl¢$ - Trading A¢tivltie8 Current year Currnnt yr Curr•nt swar Cmnt y•ar Prlor Yr Unr•strtct•d R•8trl¢t•d Tot•1 Fun¢l• Tolal fvnds Fund• Fund• 2024 2024 2024 2023 Prfmary purpose and anclllary tradlng ricket Sales 61,550 84.550 61.$50 H550 11.450 3.000 52.930 Auctioft Incoma Advertising Income Roffbs 11,450 3,000 11.31K) 3.617 Total Prlmary purpom and aftclllary tr•dlng 160,550 160,$50 124,647 16 Total Income from charltablo actlvhle• Curr•nt y•ar Curr•nt y••r Curr•nt y••r Prlor Ye•T Unrnltrletsd RtrIct•d Total Fund• Fund* Fund• Totll Fund• Curront year 2024 2024 2023 Total incorne from tharilable trading 160,550 160,550 124,847 Total from ¢harllabl• •ellvlll•• 160,550 160.550 124.847 21
The Paul Strank Charftabl• Trust Detallèd analysls of Income and ?xpendlture for the yoar onded 31 Docemb•r 2024 as requlrod by tho SORP 2015 17 BrkdOWn of Grants mad• to organlsatlons Current Y•ar Unr•strlctod Rrted Total Funds Funds Funds 2024 Shootlng Star Childr6n* Hospths Home Start Merton 79,5(Kl 10,000 5.OCKJ 2.310 1,000 79,5C 10.¢X)O Topther for short liva8 AFC Wfimbledon 2,310 Auloimmune support Colln Osboume 300 300 Raynes Park Vale Just Glvlng Memory Lan8 Club The Maggie Oliver Grant Go Fund Mo 16.367 16,367 350 350 500 500 1,000 250 1,CKIO 250 Th• Royal Marsden Orchard Hill College Kerry Broomfield 100 397 397 7,01)0 7,000 124,074 124,074 Prlor Year Unmtrlct•d R•strlct•d Fund• Fund• Total Fund• 2023 2023 2023 Shooting Star Chlldren's H08plce8 Home Stari Merton 55.000 13.OlXI 55,000 13,OC St Chrislopherfs Ho$pi¢e AFC Wmbledon 1,0)0 4,410 500 4.410 Faith in Action 500 Just Giving Memory Lan• Club Karen S Clarko Fund 600 500 500 200 Go Fund Me 250 250 MobiQuip Spaghetti Tree Kerry Broomfield 287 287 2¢XJ 200 70.747 76,747
The Paul Strank Charltable Trust Detall8d analysls of Income and expendlture for the year ended 31 Do¢omb¢r 2024 as requlred by the SORP 2015 18 Support ¢08ts for charltablè adivitles Curr•nty•or Curr•nl y•ar Curr•nt Prlor Y•ar Unr•8trkt•d R•8trfGtsd T¢)tal Fund• Tot41 Fund• Fund• Fund• Curr•nt Year 2024 2024 2023 Flnan¢lal costs Bank and credit card chargés 526 326 398 Support costs b•for• r•allo¢atlon T¢)tal Support Costs - Curr•nt Y•ar 526 The basis of allocation of costs between activiiies is described under accounting policies All the expenditure in the prior year was unrestricted. The basls of allocatlon of costs bètwéen activitie$ is de$¢ribod under a¢¢ounting policles 19 Other Expondlturo - Governance costs Curr•nt y•ar Unr••trl¢t•d F¥nd• 2024 Curr•nt wr Cutr•nl y•ar Prl¢y Y•ar R••trt¢t•d Total Fund• Total Fund• Fund• Currnnt Y•ar 2024 IndaperKlent Examine1$ fa88 Accountancy fees 1.380 2,700 1,380 2,700 1.320 2,580 Total Govornanco colts 4,080 3,9 All the expenditure in the prior year was unrestricted. 23
The Paul Strank Charltable Trust Delalled analy818 of Income and •xpondlturè for th• year ondod 31 December 2024 as requlred by th? SORP 2015 20 Totsl Charltsbl• gxpenditur• CU•1 y•ar Unr•8trlct•d FuThd• 2024 CuTh•nt y•ar Curr•nt y••r PrlorY•ar R•strlct•d Total Fun(l• Total Funds Fund• 2024 Current Yoar 2023 Totsl grant making costs Total support costs Total Governance c08ts 124,074 526 4,080 124,074 526 4,080 76,747 B2¢ 3,900 Tolal ¢harltabl• •xp•ndltur• 128.680 128,680 81,045 All the expendlture in the prlor year was unrestricted. 21 ExndItr• on ral•lng fund8 and eo•t• of Inv••lm•nt managomonl CurT•ntyw Cuff•nt y•ar Curr•nt y1 Prlor Y• Um¥trkl•d R••lrlet•d Tol•l Fund• T•t•l Fund• Fund• Fund• 2024 Currnnt Year 2024 2023 Aganf8 CQSt8 for lundr818ing Mork•tlng & advgrtising of fundraising Co8ts 0181agtng fundraS8ing events 8,073 101,116 8,073 101,116 7,013 98,898 Total fundralJlng costs 109,189 109,189 105,911 All Iha expendliure In thè prlor year wa• unreatrlcted. 24