**REGISTERED COMPANY NUMBER: 12165279 (England and Wales) REGISTERED CHARITY NUMBER: 1192080**
Report of the Trustees and Unaudited Financial Statements for the Period 1 September 2021 to 30 April 2022 for
Strength & Stem Ltd
Daniel Sam Limited Chartered Accountants
61 Plodder Lane Farnworth Bolton BL4 0BX
Strength & Stem Ltd
Contents of the Financial Statements for the Period 1 September 2021 to 30 April 2022
|||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|8|
|Detailed Statement of Financial Activities|9|to|10|
Strength & Stem Ltd
## Report of the Trustees for the Period 1 September 2021 to 30 April 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 period 1 September 2021 to 30 April 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).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The charity's purposes as set out in the objects contained in the company's articles of association are:
- for the relief of poverty and unemployment of women affected by human trafficking by the provision of floristry training and workshops and other education, training and support, carried out in accordance with Christian values and principles.
## **Public benefit**
The charity's main activities are described in the sections below. The board of trustees is satisfied with the performance of the charity during the year and in planning the activities the trustees have had regard to the Charity Commission's guidance on public benefit.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
This financial year saw Strength & Stem roll out its newly developed employability and skills training programmes for female human trafficking survivors. The charity's trauma-informed and survivor centred programmes were developed by listening closely to survivors in its community and using monitoring and evaluation data from Strength & Stem's previous vocational floristry training courses. The new programmes run over the course of six months and incorporate vocational floristry training, supplementary skills training, mentorship, and work experience. Alongside the roll out of the charity's programmes, Strength & Stem delivered several ad-hoc floristry workshops for survivors.
## **FINANCIAL REVIEW**
## **Financial position**
The charity's activities during the year were well funded through grants and donations. The charity has secured grant funding for the salary of its sole employee until 2023, and otherwise has minimal fixed costs to fund in between programmes. It is therefore in a good position as it plans for future programmes and the expansion of its work.
## **Principal funding sources**
The principal funding sources for the charity are currently grant funding and public donations. For future activities, the charity has been able to secure some grant funding. The charity is looking to apply for further grant funding, and to run additional direct-to-public fundraising campaigns, to boost its resources, capability and reach.
## **FUTURE PLANS**
In the next year, the charity's priorities are to continue to run and learn from its holistic employability and skills training programmes. Through the appointment of a survivor advisory panel to the Trustee Board, and the introduction of survivors as facilitators on its programmes, the charity will continue to ensure that the development and delivery of its work is truly survivor centred. The charity also plans to lay the foundations for additional long-term survivor support within its community, through the development of an alumni network and the delivery of ongoing, ad hoc floristry workshops. Alongside this, the charity will progress the detailed development of a report which will act as a guide to UK employers on supporting survivors into and for the duration of their employment.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a memorandum and amended articles of association dated 19 October 2020, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number**
12165279 (England and Wales)
Page 1
Strength & Stem Ltd
Report of the Trustees for the Period 1 September 2021 to 30 April 2022
**Registered Charity number** 1192080
## **Registered office**
81 Rectory Lane Byfleet West Byfleet Surrey KT14 7LX
## **Trustees**
Mrs E S Channon Director Mrs E A Read Director Mrs J M A Visser Director
## **Independent Examiner**
Daniel Sam Limited Chartered Accountants 61 Plodder Lane Farnworth Bolton BL4 0BX
Approved by order of the board of trustees on 27 May 2022 and signed on its behalf by:
## _Jessica Visser_
Mrs J M A Visser - Trustee
Page 2
Independent Examiner's Report to the Trustees of Strength & Stem Ltd
## **Independent examiner's report to the trustees of Strength & Stem Ltd ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the period 1 September 2021 to 30 April 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:
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.
## _G Daniel-Sam_
Gracian Daniel-Sam ACA Daniel Sam Limited Chartered Accountants 61 Plodder Lane Farnworth Bolton BL4 0BX
27 May 2022
Page 3
Strength & Stem Ltd
## Statement of Financial Activities
for the Period 1 September 2021 to 30 April 2022
|||||Period||
|---|---|---|---|---|---|
|||||1.9.21||
|||||to|Year Ended|
|||||30.4.22|31.8.21|
|||Unrestricted|Restricted|Total|Total|
|||fund|fund|funds|funds|
||Notes|£|£|£|£|
|**INCOME AND ENDOWMENTS FROM**||||||
|Donations and legacies||1,096|28,211|29,307|594|
|Other trading activities|2|6,401|-|6,401|-|
|**Total**||7,497|28,211|35,708|594|
|**EXPENDITURE ON**||||||
|Raising funds||6,448|-|6,448|-|
|**Charitable activities**||||||
|Mission||1,754|16,796|18,550|801|
|Other||396|294|690|-|
|**Total**||8,598|17,090|25,688|801|
|**NET INCOME/(EXPENDITURE)**||(1,101)|11,121|10,020|(207)|
|**Transfers between funds**|6|(500)|500|-|-|
|**Net movement in funds**||(1,601)|11,621|10,020|(207)|
|**RECONCILIATION OF FUNDS**||||||
|**Total funds brought forward**||2,509|-|2,509|2,716|
|**TOTAL FUNDS CARRIED FORWARD**||908|11,621|12,529|2,509|
The notes form part of these financial statements
Page 4
Strength & Stem Ltd
## Balance Sheet
## 30 April 2022
|||||30.4.22|31.8.21|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||fund|fund|funds|funds|
||Notes|£|£|£|£|
|**CURRENT ASSETS**||||||
|Debtors|4|-|-|-|240|
|Cash at bank||1,304|12,023|13,327|2,509|
|||1,304|12,023|13,327|2,749|
|**CREDITORS**||||||
|Amounts falling due within one year|5|(396)|(402)|(798)|(240)|
|**NET CURRENT ASSETS**||908|11,621|12,529|2,509|
|**TOTAL ASSETS LESS CURRENT**||||||
|**LIABILITIES**||908|11,621|12,529|2,509|
|**NET ASSETS**||908|11,621|12,529|2,509|
|**FUNDS**|6|||||
|Unrestricted funds||||908|2,509|
|Restricted funds||||11,621|-|
|**TOTAL FUNDS**||||12,529|2,509|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2022.
The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 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.
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 May 2022 and were signed on its behalf by:
## _Jessica Visser_
J M A Visser - Trustee
The notes form part of these financial statements
Page 5
Strength & Stem Ltd
Notes to the Financial Statements for the Period 1 September 2021 to 30 April 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.
## **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.
## **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.
## **Pension costs and other post-retirement benefits**
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **2. OTHER TRADING ACTIVITIES**
|**OTHER TRADING ACTIVITIES**|||
|---|---|---|
||Period||
||1.9.21||
||to|Year Ended|
||30.4.22|31.8.21|
||£|£|
|Fundraising events|125|-|
|Social enterprise sales|4,844|-|
|Floristry workshops|1,432|-|
||6,401|-|
continued...
Page 6
Strength & Stem Ltd
Notes to the Financial Statements - continued
for the Period 1 September 2021 to 30 April 2022
## **3. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the period ended 30 April 2022 nor for the year ended 31 August 2021.
## **Trustees' expenses**
There were no trustees' expenses paid for the period ended 30 April 2022 nor for the year ended 31 August 2021.
## **4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|**4.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||
|---|---|---|---|
|||30.4.22|31.8.21|
|||£|£|
||Prepayments and accrued income|-|240|
|**5.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||
|||30.4.22|31.8.21|
|||£|£|
||Social security and other taxes|360|-|
||Accruals and deferred income|438|240|
|||798|240|
## **6. MOVEMENT IN FUNDS**
|**MOVEMENT IN FUNDS**||||||
|---|---|---|---|---|---|
||||Net|Transfers||
||||movement|between|At|
|At 1.9.21|||in funds|funds|30.4.22|
||£||£|£|£|
|**Unrestricted funds**||||||
|General fund|2,509||(1,101)|(500)|908|
|**Restricted funds**||||||
|Restricted fund||-|11,121|500|11,621|
|**TOTAL FUNDS**|2,509||10,020|-|12,529|
|Net movement in funds, included in the above are as follows:||||||
||||Incoming|Resources|Movement|
||||resources|expended|in funds|
||||£|£|£|
|**Unrestricted funds**||||||
|General fund|||7,497|(8,598)|(1,101)|
|**Restricted funds**||||||
|Restricted fund|||28,211|(17,090)|11,121|
|**TOTAL FUNDS**|||35,708|(25,688)|10,020|
continued...
Page 7
Strength & Stem Ltd
Notes to the Financial Statements - continued
for the Period 1 September 2021 to 30 April 2022
## **6. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|||||Net|||
|---|---|---|---|---|---|---|
||||movement|||At|
||At 1.9.20||in funds||31.8.21||
|||£||£||£|
|**Unrestricted funds**|||||||
|General fund||2,716||(207)||2,509|
|**TOTAL FUNDS**||2,716||(207)||2,509|
|Comparative net movement in funds, included|in the above are as follows:||||||
||Incoming||Resources||Movement||
||resources||expended||in funds||
|||£||£||£|
|**Unrestricted funds**|||||||
|General fund||594||(801)||(207)|
|**TOTAL FUNDS**||594||(801)||(207)|
## **7. RELATED PARTY DISCLOSURES**
There were no related party transactions for the period ended 30 April 2022.
## **8. INDEPENDENT EXAMINER'S REMUNERATION**
The amount payable to the Independent Examiner for final preparation of the financial statements and carrying out the independent examination was £396.
Fees of £294 were also payable to the Independent Examiner for the provision of outsourced payroll services.
Page 8
Strength & Stem Ltd
Detailed Statement of Financial Activities for the Period 1 September 2021 to 30 April 2022
|Detailed Statement of Financial Activities
for the Period 1 September 2021 to 30 April 2022||||
|---|---|---|---|
||Period|||
||1.9.21|||
||to|Year|En|
||ded|||
||30.4.22|31.8.21||
||£|£||
|**INCOME AND ENDOWMENTS**||||
|**Donations and legacies**||||
|Donations|586|94||
|Gift aid|511||-|
|Grants|28,210|500||
||29,307|594||
|**Other trading activities**||||
|Fundraising events|125||-|
|Social enterprise sales|4,844||-|
|Floristry workshops|1,432||-|
||6,401||-|
|**Total incoming resources**|35,708|594||
|**EXPENDITURE**||||
|**Raising donations and legacies**||||
|Fundraising platform|990||-|
|Advertising|54||-|
|Consultancy|170||-|
||1,214||-|
|**Other trading activities**||||
|Purchases|2,959||-|
|Subcontractors|1,504||-|
|Shipping|469||-|
|Other cost of sales|302||-|
||5,234||-|
|**Charitable activities**||||
|Wages|11,846||-|
|Pensions|148||-|
|Insurance|347|191||
|Postage and stationery|54||-|
|Sundries|116|188||
|Materials|1,365||-|
|Tuition|1,419||-|
|Venue hire|2,020||-|
|Travel|46||-|
|Computer running costs|152|182||
|Carried forward|17,513|561||
This page does not form part of the statutory financial statements
Page 9
Strength & Stem Ltd
## Detailed Statement of Financial Activities
for the Period 1 September 2021 to 30 April 2022
|Detailed Statement of Financial Activities
for the Period 1 September 2021 to 30 April 2022||||
|---|---|---|---|
||Period|||
||1.9.21|||
||to|Year|En|
||ded|||
||30.4.22|31.8.21||
||£|£||
|**Charitable activities**||||
|Brought forward|17,513|561||
|Consultancy|1,000||-|
||18,513|561||
|**Support costs**||||
|**Finance**||||
|Bank charges|37||-|
|**Governance costs**||||
|Accountancy and legal fees|690|240||
|Total resources expended|25,688|801||
|**Net income/(expenditure)**|10,020|(207)||
This page does not form part of the statutory financial statements
Page 10