Charlty r•glthatton numb•r 280926 THE STRAThON NO.2 CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022
THE STRAThON NO.2 CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Truste•s K A Stratton D L Barkor Charlty number 280926 PrSnelpal addr•s$ do Austin and C8rnley Albion Chambers High Street Laighton Buz2Èrd Bedfordshl LU7 1DP LU71DP Indépèndont txaminor Rlchard$ons 30 Upper Hkjh Stre81 Thame Oxfordshlre Oxg 3EZ
THE STRAThON NO.2 CHARITABLE TRUST CONTENTS Pag• Trustg9$' rewrt Independent examinerfs report statement of flnala1 activrbes Balance sheet Notes to thè Ilnancial statements 6-11
THE STRAThON NO.2 CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 5 APRIL 2022 The tTustee8 present their annual reF¥Jt and fjnanclal statements for the year end S April 2022. The accounts hav8 prepared in acc4)rdance with thg ac¢ountin9 pollcles set OLrt in note 1 to the accounts ond compty th the trusfs governing docajment. a d&ad of trus( Ihe Chaiities Act 2011 and °Ac¢ounting and Reporbng by Chariti.. Stslement of Rg0)mmendad Practice applicable to charlties preparing thalr accounts in o¢cordanee wNh the Financial Reporb'ng Standard applicable in tho UK and R¢pUbl of Ireland IFRS 1021.10$ 8mènd8d for 8c(J)unling periods commendng from 1 January 20161 Obleetlves and actlvltl•s The Irusfs objeth've is to make donatiorF to (aritab organisatKsns. There ha$ been rLQ ¢hang9 in the6e dumng the ye8r. The trustees havè p8KI due regard to gutyaance L%sued by the Charity Ccthmisslon in decldlng what actlwltes the trus¢ should undertake. Achievements and porforManc• Fln¥n¢lal review At thè y•ar ènd the Charity heba totd funds of £2,784,085 compared to £2.490.782 in 2021. Thls was party due to an Increa89 In value of Investments held in th8 r. All lunds were undesign8t It is the polKy of the trust Ihat unrèstricted funds whith havo not baan d8svJnaled for a Specif use should be mBintained al a 18vel equfvafenl to between three and six month's expenditure. The Iwslees consider that res•rves at this I&1 wil ensure Ihal. In the event of a signlficanl drop In fijnding, they hwll be ab to conllnue the trust's Current athliè$ while consideration is glven to in which additson fund$ may be ralsgd. ThlB 81 of rgsorves has be&n maintained Ihroughwt the year. The Charity made dcffiallons of £158,OOD lo Charitable organisations durfng tho year, as d•tailèd in noto 5. The trustees have asse85ed the major risks to which th6 trust is gXPOBed, and are $atisfi8d that systems are in F4a¢è to mlugale extK)sure to the major rSsks. Structur•i gov•mane• and manag•m&nt The trusl is an Unincorporat charfty, govgmed by a deed oftrust. twstoas vjho 8&Ned during Ihe year and up to the dale of s1onatu of the finanual st8ements w•r8'. K A Stratton D L Barker No new trustees w•m aplAtd in th? year.
THE STRAThON NO.2 CHARITABLE TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022 statement of trustees. responslbllltl•s The knJste&8 are responsible for prepaiin9 thè Trusts, Rgport and th8 financial statements in ac¢ordAnce with 8PFAlCab law and United ngdoM Ac¢ounfjng Stsnd8Td8 Iunited Kingdom Gonorally APt Accounts'ThJ Practic). Th9 law appllcgble to charibes in ErrfJland and Wales r9qulres the trustees to prepare finBn¢Oal Statements f¢x •8ch finandal yeor whith give a true and fair of th• statg of affairs of the trust and of the Incoming resources 8nd appllcalkin of r8swr(8 of tho trust for that yeor. In preparfThJ these finanaal stalements, th8 trustè8s are required to: - seknt surtable accounting polld8s 8nd thgn appty them cortslstently,. - obs¥rve the msthtsjs and principles In tho Chorf11o9 SORP.. - make judgements and e8timates that am reason8bb and prndenl., stste whether applicable Èc¢ounting stsndards have been folk)wad. subjact to any matsrial departure$ disdosgd and gxplaingd In thg finandal statsments., and - pr$p8Tr thg fin8nci818tatsments on the gobng concern bosis unkns 11 Is inappropriat8 to presum8 that the charmy11 (ffitinue in operation. The trustees are responsible for kèèping suffityent aco)unllng records thal disclose wrth reasonabl8 aUraCY at any time Ihe finandal p0SOn of the trust and enable them to ensure that the financial statements comply with the Charities Act 2011. the Charity (Accounts and Reports} Regulats"ons 2008 and the provlslons of the trust dogd. Thgy aro alw responsible lor 8afeguarding Ihe assats of the tru$1 and herrA for t8kJng rea30nable steps for th¥ prntIon and dètèc*on of fraud and other kregularfties. The trustees. report was approved by tho Bo8ril of Trustees. DLBar Trust8
THE STRATTON NO.2 CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE STRAThON NO.2 CHARrrABLE TRUST I reFyI to the trustees on my examlnatity) of th• frola1 stst•mants crf Stratt(m No.2 Charitabl8 Tru# (th• ustl lor thè year on¢Jod 5April tr22. R•$ponslbllltles and b•$ls of rnport As Ihe trustees of the trust you are responBibl8 for the preparation of tho finan¢l81 statemants In a¢Mrdan¢è vAlh th• r•quSr•menls of tha Charftl68 Act 20111th8 2011 Actl. I report In rg8pec ot my ex8mIn8On of the tru8Vs financkgl stt•m•nts rrfed wl undèr Section 145 of th 2011 Ad. In carrying out my examination I have fonoweo 811 the applkabh D¥gctl)n8 glven by the Charfty Commission under section 145lSllbl of the 2011 Act. Ind•p•nd•nt •xamlnots stat•mMt Sirte th8 trusl's gross income excoew £250,CO) your 8xaffliner must be a membor of a listed in seclion 145 01 Ihe 2011 Acl. I ccffifirm that l am qued to undertak0 ts oxamwtMM baus6 l 8m a member d . 1$ ono olth¢ fisted bodies. Your attenlkjn is drawn to Ihe fact tho1 tfe chartty has prèparèd flnandal staloments In accordance wth Accounb'ThJ and Rèporting by Charities prtsp8ring Ihelr 8CCtxAnts In 8¢cfjrdan¢e with Ihe Financial Rèporting Standard applicable in the UK and Rèpublic of Irdand IFRS 1021 In prefence to th& knunyng and Roporbng by Charities.. Statement of Recommended Practice iued on 1 April 2005 which Is r8fgrr¥d to in the •xtont regulatths t has now en thdraWn. l undor3tanLI thBt this ha8 boen dcfjg In order for financial 8tstem•nts to provth 8 Iru• falr 9W In aco)rdanc8 with Gengrdlly Attept•d Ac¢ounllNJ Pr8d¢g effethe for reportlrvJ rIodS beglnnlThJ on or th 1 January 2015. I ha¥A• ccffipleled rny exaTr1nafk. I confinn that no rnatters have cunè to my attenlion In •Alh th nln8bon gin9 me cause to belkve that in any materbal resFeCt cOunr0 record5 were Ml kept in TesFrt of th? tru as required ty s•¢bon 130 ofthe 2011 ACL" the nCttl slaternents do not wlth th)se records". or th• finandal stat6m9nts do Th)t comply wih th8 applicab fequiTomants conc8mlng th¢ lom and content of 8c(x)un15 set out in Ih• Chgrrtbs IAttounts and Raportsl RtsgulaJons 2CQ8 othgr than any requiremont that the acwunts give a tru8 8nd falt which is rK)l a mattar con81d&rgd •5 part of an indtptndènt examinalion. I h8vo no COr0M$ gnd have CAJrne across no other matters in conneclSon wAh the examination lo which att•nthon $hould bè drawn In this r8port Sn order to erble a proper understanding of tha finaL918taternents to Le•nn6 Htckman, ACA Rl¢hardsons 30 Upp8r Hlgh Slr8Ot Thame Oxforijshirg OX9 3EZ 3010112023
THE STRAThON NO.2 CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5 APRIL 2022 Unrnstriet•d Unr•strictwl fun fvnd$ 2022 2021 Incom• from.. Don8tion3 8nd le9aaes Investments 108,500 142,707 49,311 92.162 Total Ineom• 251,207 141.473 Ex ndlturè on= Charitablè actniitias 176.964 57,909 Nel gainslllossesl on investments 219.061 252.854 Nat mov•m•nt In funds 293.304 336,418 Fund b81onc4s 816Aprfl 2021 2,490.781 2,154,364 Fund b•lon¢e$ at 5Aprll 2022 2,7e4,085 2,490,782 The $18lemenl of fln8n¢kg1 actmlies irKILJes all gains and lossas r•eognised in the year. AJI inc¢fflé and expenditure d8rive from conunulng lvilles.
THE STRATTON NO.2 CHARITABLE TRUST BALANCE SHEET AS AT S APRIL 2022 2022 2021 Notes Fixed a$s01s Invèstrnents 10 2,720,333 2,404,628 Current •#s•ts Cash al bank and In hd 63,752 86,154 Net current assets 63.752 86,154 Total asS•ts currnnt Ilablll¢l•s 2,784,085 2,4Ks,782 Incom fvnds Unrestrlctod fuThd8 2.784,085 2.490,782 2.784.085 2.490.782 Th• fln8ncial statèments were approved by the Tru$tses on3o-01-1>>3 D L Barker Trustee
THE STRAThON NO.2 CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2022 A¢¢ountlng pollel•s Ch•rlty infommtion Tho Stratton No.2 Charitable Trust is an unlwjrporated charity controlled by Its goveming d0Ment. 8 deed of tnjst. 1.1 Accounting convth)ilon Thè accwnts have been prepared In actanCe with the twsvs govaming documenL the Chartt Act 2011 and 'AccounUTrJ and Reportlw by Charities- Statement of R8eommèndèd Practlc8 applicabl& to iarilies preparing their accounts in 8cwrdan¢e with the Finanaal Reporbng Standard appllcable in lh& UK and Republic of Ireland IFRS 102}" {as amended for accounllng perf(xls ¢ommencing from 1 Janu8ry 2016). The trust is a Public Benefit Entty as defingd by FRS 102. The trust has taken a(fvantage of the provL8lons in th8 SORP for charltles apptyrng FRS 102 Updats Bullelrn 1 not to prepare a Statement ol Cosh Flows. The ffinan¢lal slatsmonls have departed from the Charflg$ {Ac¢ounts and Report9} Regulations 2008 onty to the extent raquirèd t¢ prowde a tru8 and faSr &w. This departuro has InVoad followng the Statement of Recommended Pra¢ti¢e for charities applWng FRS 102 rather than thè versKJn of the S¢at8mgnl of R•comm&nded Practice whlch Is referred lo In tho R6gulalhJns bul vhblch has since been wtthdrawn. The finaal slatements aro w6pared in 8teding, which 1$ the ftjnctlonal cutteney of the trust. Monetary amounts in th•sa fing4?1 statements are roundgd lo the n¥aresl £. Thg fln¥n¢ial stalements have bgan prepar&d und8r th8 hisloiul cosl conventKfi. modthed to includ8 thè rèv8hJation of freehold prop&rbès and to include investment propo9$ and Certain finonc181 instruments al falr valuè. The prfnapal accountSng poll¢les adopted are set oul below. 1.2 Golng coneem At the time of approvirKJ th8 finanrial slatements. the trusteas have a wsonable expectati that the trust has adequate resources to ConnUe In operational exlsten¢È f¢r the knesee8b future. Thus the trustees conlnue to adopt the going concem basis of accounting in pieparing the finanoal stalgments. 1.3 Charltablè fund$ All funds are unmstrlctl. Unrgstricted fvndg are avallabb for use 8t the dlscietion of the Iru8188s in furtherancé of thèir charitsble objectives unless the funds havo baon deslgnated for other purposes. 1A Incomlng r•sourc•s Incomg 18 recognised when the trust is legally entItd to it after any perfomiance conditions hava bgon met, the arrUnts can b& m6asur0d roliably, and it is probablg Ihot irKomo wll be recelved. Cash dOnatiS are recognlsed on receipt. Other donatnS gre recognisèd once the trust has b8•n notified of th8 donation, unl8s¥ performance condttlons requir9 dofvrral of amount. In¢omo lax recovarabl¢ in relation to dongth)ns ie¢elved under GAid or deeds of covenant is recognised al th8 timp of the donalon. L8gaa8s ar• r•cognised ijn receipt or otheLs6 W the trust has boen notified of 8n impendin9 dlstsObut)n, the amnt Is known. and re<lpl Is èypected. If the amount 15 not known, the 18gacy is treated as a contingont 0$$8t. 1.5 R•soure#s •xpended 1.6 Fixed asset investm•nts Fixed asset investments ar8 initially rneasud at transactton prf¢e excluding transacllon costs, 8niJ arè subsequently measured at falr value al each reportlng date. Changes in fair value are re¢ognised in net Incomell&xpendrfurel for the year. Transactlon costs aro expensed as incurred.
THE STRATTON NO.2 CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022 Accountlng pollcl•8 {ContInu) 1.7 Cash and cash tqulval•nts Cash and cash gquivalen15 include sh in hand. doposlts hold 81 c811 with banks. other short-term liquid investrnents th rrrigin81 maluritses of three months or18ss, and b8nk overdrafts. Bank overdrafts ar& Shown wlthln borrowlngs in current liabilitk8S. Baslc flnanclal assets Bas finarKial assets. induda d8btors and rash and bank balances, are initially mea8ured at transaction price including transaction costs and are subsequenlty carried at 8mrtised cost using the effective intsrest method unl&sS thg arrangement constitutes a finanung tsan5athon, where the transaction is rneasured at the present value of the future ceIptS discounted at a nrket rat& of interest. Finanaal assgts dassrfièd a$ ra1VabL8 wlhin one year are not amortiS8d. Bask flnanclal Ilabllltl•s B8slc finanti81 liabil8$, including creditors and bank loans are h(tSally recognlsèd al transadon price unless the arrangement o)nstitut6s a flnancing transadlon. whère ihe debt Instrum8nt IS Tneasured at the presenl Value of the future payments diSCntad at a market rate of interest Financ581 liabilit$ classilied as payabl8 thln one year ale not amortisad. Debt Instsuments 8re subsequently ¢arried at arThJrtb6ed cost. using the èffa¢tive interest rnle melhcwj. Tr8d8 cdtOrS arè oVaatIonS to pay for goods or that have been 8cquirgd in the udinary ¢Jr3e of opar8tK)n5 from suppliers. Amounts pay8ble are ckgssffied a8 current liabilitias tt paTren1 is due wlhin one year or less. If not, th8y ar8 prasèntad as non-currenl liabilities. Trad6 crnditors ale recognised initially at trarK8action price and subsequendy measured al amortised cost usiNJ the <ve intor•sl method. D•rneognltlon of fin#neial liobiliti•s FInarla1 liablitias ar& d8rs¢¢sni$ed the Injsys contrartual oblgatbns expSre or are dischorged or cancelled. Critiul a¢eounting e*timat•s andJudg•m•nts In tt)e applScatlon ¢)f the trust's accounting policles, the trusteas are rgqulred to make judgeThnts. estSmate$ and assumptions obout the carrying amount of assets And liabilthès that 8re not readity apparent from other 9our¢¢$. The &8timats8 and assoLaated assumptions are bÈsÉd on historical experience and othar factors that arè considèrèd to be relevant. Actual resuts may dlffer from these e81imates. The estimates and undertylng 8ssumpfjons are rovlewed on an ongoing basis. Revlsions to accounting estimales are recognised in thè pariod in which th8 estimate 1$ revised whère the rewsion affects only that period, or in the period ol ¥71 arKI future peibds where th8 revislon affects bo1h ¢urrenl and futur8 periods. Donations and kngacl&8 Unr•strfeted Unrestriet funds fiJnds 2022 Donations and gifts 10B,S00 49.311
THE STRArroN NO.2 CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022 Inv•stments Unregtrletod Unrethd9d fund$ fijnds 2022 2021 Dlvidends Int$$t receivable 137,979 4.728 86,969 5.193 142,707 92,162
THE STRAThON NO.2 CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022 Charltablo a¢dvltl•$ 2022 2021 Willen Hospice Great Ormond Street Hospltsl Thamgs Valltry & Chlltem AirAmbulanc8 Twgt Help for Haro88 The Princes Trust The Hornè Tnjsl S¢an8ppeal Sightsawrs Fksronca Nlghtiryk Hcwse Medical Detedon dogs Combat Stress SoLrth Bucks Rldlno for dlsabled Horatios garden World Vision UK Carè IntemptK)nal WaterAIl Young Livo9 V$ Cancor Guide Dogs for the Blln 8,000 10.000 26,000 7,000 10,000 10,000 4.000 10.000 10,000 6,0(K) 7,OC 5,OC 10,OC 10.OlXJ 5.0 10,OtKJ 15,000 10.000 5,000 8.000 10.000 158.000 46,0(K) Share of govemance o)sts Iso0 notg 61 18,964 11,909 176,964 57,909 Analys5s by fund Unre8tricted fvnds 176.964 176,964 For the year ended 5Aprll 2021 Unrnstrictad funds S7.)9 57.909
THE STRArroN NO.2 CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022 Support Costs Support Gov•mance costs ost$ 2022 2021 Leg81 And prOfeial Managemant fèè 7.011 11.953 7.011 11.953 11,045 18,964 18,964 11.9 Analysed betrn Charitable aclivities 18,964 18,964 11,909 Tru8ts•5 None of the ITusl88s lor any pèrsons conneded wth them) recelved any remuneration or ban1$ from the trust durffing the year. In the year, management expansas of£nll has been paid to trusleos {2021- £nll Employws The average monthly number of empkyees durirrtJ the year was.. 2022 NuMr 2021 Number Totsl There were no employ99s whose annual rornuneration wa6 more than £60,¢JOO. N•t gain¥lllouo1) on Instmts Vnrnstrlctsd Unrestricled lunds fund8 2022 2021 Revaljation of investments 219.061 252,854 10 Flx•d •s8•t Inv•btments 10-
THE STRATTON NO.2 CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022 10 Fixed ass•t Invmtmonts (Contlnu•d) Llsted invostmonts Cost or Valuation At 6April 2021 Addlllons Valualion changes Donaliiy)8 Dispo$8Ls 2.404.628 215,798 219.061 108.500 {227,6541 At 5 A1 2022 2.720.333 Carrylng amount At 05 April 2022 2,720,333 At 05 Aprtl 2021 2.404,628 11 Related party transaotlon• There were no dls¢lo$able related party transactions during the y8ar12021- nonel. Remun•ration of k•y manag•m•nt personn•l No remuneration was paid to k•y managomgllt personnel ofthe chority. 11