Chorlty rngl•tr•tlon number 280926 IEngland and W•lo•1 THE STRATTON NO.2 CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 THE STRATTON NO.2 CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Tnffjt••• C Cobb C Kei5ner T Cobb Ch•rlty numb•r {Engl*nd and Wales) 280928 Prln¢lp•l *ddr••s Woodbine Cottage Nether Win¢hèndon Aylesbury Bu¢kinghamshire HP18 OEA Independent examiner Rithardsons 30 Upper High Street Thame Oxfordshire OX9 3EZ THE STRATTON NO.2 CHARITABLE TRUST CONTENTS P•g• Trustees. reF4)rt Independent examinerfs report Stat¥ment of finanoal èctNiiies Balan￿ $h¢el Notes to the financ4al statements 5-10 THE STRATTON NO.2 CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 5 APRIL 2025 Th• twstees wesent their annual report and financial statements lor th¢ year erKl*d SApn'l 2025. The a(￿unt$ have been prepared in accordance with the 8¢¢ounting policies set oul in note 1 to the 8ccount5 and ￿fflpty wrth the trust's governing document, a deed of trust. the Charities Act 2011 and "Accounting and Reporting by Chantses.. Statement of Recommended Prac¢Ke applicable lo charities preparing their accounts in awxJrdan¢e wrth the Finanaal Reporting Standard applicable in the UK and Republ￿ ol Ireland IFRS 1021. la5 •rr*nd811 for accounting per￿$ cornmencjng from 1 January 2016) OblectIv￿ •nd a¢tlvlt The trusvs objectNe is to make donalions to charitabkn organisatsjns. There h8$ been no change in Ihtsse during the year. The trustees have paid due regard lo guidance issued by Ihe Charity Commission in deriding what aclNrtie$ the twst should undertake. Aehl•v•m•nt• •nd pgrfomiinc• F5nan¢lal rèvi•w At the year end the Charrty hekl total fund5 01 £2,613,608 compared to £2,591,240 in 2024. This was partty du& lo an inuease in the value ol investments hekl in the year. All funds were undesignaled. It is the policy of the trust that unrestricted frjnds have nol been designated for a speryfic use should be maintained at 8 lèvel equNalent to between three and six month's expendrture. The truslees consider that reserves at this level vnll ensure that, in the event of 8 signfficant drop in lunding, they will be able lo o)ntsnue the trust's curTeni activrties while ¢onwderatK)n is gNen lo ways in whith additional funds rnay be raised. This level of foserves has been maintsined throughout thtr ￿ar. The CharTty madè donations of £79,5CQ lo charitab￿ organisations during the year, as detailed in note S. Th• trustees have assessed th8 mai)r risk$ to whth Ihe trust is exposed. and are satisf￿￿ that systems are in place to Mrt￿ale exposure to the major risks. Stru¢tur•. gov•m•n¢o and m•Mg•ment The Irust is an unincorporated tharity. 9ovemed by a ¢Jeed of trust. The Iwst¢es vtho served during th¥ year and up to the d81& of signature of the finana81 stslements w•r•'. C Cobb C KelS￿r T Cobb No new truste•$ were appoint•d In the ye8f. st•t•m•nt of tr￿1*•1. mporAIblll￿ The tnjslees are responsible for pf*paring Ihe Tru$l8es' Report and the financial sl8l&mènts in accordance with applicable law and Unrted Kingdom Accounting Stsndards (Uniled Kingdom Generally Accepted Accounting Pro¢tul. The trustees. report was approved by the Board ofTru5tees. C Cobb Tnjslee 08led'. 2.4....Ll.: If THE STRATTON NO.2 CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE STRATTON NO.2 CHARITABLE TRUST I report to the trustees on my examinalK>n ol the finanaal $t8lements ofThe Stfatton No.2 Charitable Trust Ilhe Irusll for the year ended S April 2025. R••pon¥lbilitie• and b•sl• of r•port As the trustees ol the trust you are responsiblè lor lh* We￿¥8110n of the financial stalem&nts in accordance with the requirernents ol the Charities Act 2011. l report in Tespeci of my èxarninalion of Ihe Irusl s financial 5t8lements carried out under section 145 of th CharIt￿S Act 2011. In carryin9 out my examination I have followed the Direclions gNen by the Charity Cornmiss￿n under sedion 14515llbl oflhe CharilEs Act 2011. Independent •xamln•¢s #tstèm•nt Your 8ttentB)n is drawn to the fact Ihat the char5ty has prepared the finanaal slalements in accordance with the relevant version of the Statement ol Recommended Practice ap￿ICable to charities preparing their ffinancaal staternents in accordance wth the Finanoal Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 in preference to the Ac£ounling and ReFM)rting by Charilie5' Statement of Recommended Praclice issued on 1 April 2W5 Wh￿ is referred lo in the eytanl regula)'ons but has now been vrithdrawn. l undèrstand that this has been done in order lor the financial statements lo providè a true and fair wew in ac¢ordan¢¢ wrth UK Generally Accepted Acrounting PradKe. I have completed my ex8minalK)n. I confimi that no matters have r￿me to my attention in connectK)n the examination gNing me cause to believe that in any malerial respect.. ccounting recJNds were not kept in resPg¢1 of thè trust as requif•d by $tr¢tion 130 of the Chariti&s Afa 2011_ the finanual statements do not accord wilh those records.. or the financial slalements do not comply wrth the applicablfj requirements conceming the fom arKI ¢onlenl of finanryal ststemenls sel out in the Charibes (Accounts and Reports) Regulations 2008 othèr than any requirement that the financial siatemenls give a true and laii viow, which is not a matter consKleied as part of an independent examination. I have no ¢oncems and hav& ¢ome across no other mattets in conneclion wrth the oxamination to vthich attention should be drawn in this iepori in order to en8ble 8 proFer understanding of the finaw81 statements to be ¥each811. Leanne Hickman. ACA Richardsons 30 Up￿r HKJh Streel Thame Oxfordshir¢ OX9 3EZ Dated. ..%.V..i.v..a£)as THE STRATTON NO.2 CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5 APRIL 2025 Unrestrtcted fvnd# 202S Unr••trl¢tsd lunth 2024 Not•• In¢om• from: Investments 108.481 121,876 Tat•l Incom• 108,481 121,876 Ex￿ndItur# on.. Chantable activities 115.548 130,622 Totsl expendrture 115,548 130.622 Net gainsllb&8es) on investm¢nt$ 29,435 182.8321 Not Ineom•ll•xp•ndltur•l •nd mov•m•nt In fund• {91,5781 R•¢onclllatlon of funds.. Fund balances 816 April 2024 2,591,240 2,682.818 Fund balance• at 5Aprll 202S 2,613.608 2.591,240 The statement ol finanaal actNitk?s indudes al gains and k)$8es recognised in the year. All income and •xpenditure derwe from continuing aclNrties. THE STRAThON NO.2 CHARITABLE TRUST 8ALANCE SHEET AS AT 5 APRIL 2025 2025 Not•• 10 11 753,253 1.817,813 2.$33,(￿1 2.571.Ce6 2,533.081 Cash at bank aTrJ n haThJ 42.$42 58.159 42,542 58,159 Total a•••t• l••s cwr•nt li*bilill•• 2.613.e 2.591,240 12 2,613.6C6 2,591,240 2,613.eKe 2,591,240 4.11.2f THE STRATTON NO.2 CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 Accountlng pollcl Charity Inlonn¥tion The Stratton No.2 Chawrfable Trust 15 an unincorporated cbaity CQniTolled by its governing ￿0￿Ment, a deed ol Iw$l. 1.1 Accounting conventlon The a¢rA)unls h8ve t￿￿ prepared in aC￿danCe with the trust's goveming d¢tyyJmenl. the ChawitTresAct 2011 and 'Accounting and Reporting by Charrties.. Statement of Rec3)mmended Pradictr appliCa￿e to chant*s Pfeparing Iheii aco)unts in aco)rdance wth the Finanual Repryting Standard apP1Kab￿ in the UK and RèputAic ol Ireland IFRS 1021" las amended for accounting peri¢)ds ￿rnrnenQn9 from 1 January 20161. The trust 1$ a PublK Benefit Enlty ¥5 defined by FRS 102. The trust has taken advantage of the provisions in the SORP for charities 8￿Y1r￿j FRS 102 Update Bul￿tin 1 not to prepare a Statement of Cash Fkw4S. The finanaal statements have deparled from the Charities IAe£tsunts and Rèports) Regulations 2C¢18 onty to th¢ extent required lo pro¥kYe a Inje and tsir view. This departure has inVo￿ed following the Statement of ReeommeThJed Pfactice for chanties applying FRS 102 ralhef than the version ol the Statement of Recommended Practice whth is relerred to in the Regulalions but which has since been withdrawn. The financial slateffenls are prepared in sterting. which is the fvnth'onal currency of the trust. Monetary amounts in these fin8ntial statemenls are roun(Sed to the nèarest £. The finanaal staternents have been prepared und•f th& historical cost convent￿, m¢*lffied lo indude the rèvaluation of freehold properties and lo indude inveslmenl properties and cèrtain finan¢i81 instruments at fair value. The principal a¢counting policies adopted are sel out below. 1.2 Golng concern Al the t1￿￿ of approving the finan¢ial statemenls, the Iruslees have a reasonable expectalbon that the trust has adequate rèsources to continue in operational existence for the foreseeable fLrture. Thus the trustees continue to adopt Ihtr gthng concern basi$ ol a¢xounbng in preparing the fin8naal stat&m8nt$. 1.3 Ch¥rltsbl• fund• All funds are unrestrided Unrestricled fvnds are availablè fof us• al the discret￿￿ of the trustees in ILtrthefan￿ of Iheir charitable objectives unless the funds have been designated for other purposes. 1.4 In¢omlng moure ItKome is recognised when the trust is legalty &ntitled to rt after any perfomanc* conditKJns have been met, the am0￿13 can be measured reli8bty, 8nd rt 1$ wobabts that income will be receNed. Cash donatK)ns are recognised on receipt. Other donations are recognised once the trust h85 teen notified of the donation, unless perfomiance cDndilions require deferral of the amounl. Inco￿ tax re0x)vera￿e in relation lo donaltons received under Grfl Aid or deeds of ￿Venant is recogn¢8ed al the tiff* ol the donation. Legackn are recognised on re￿Ipt or 01he￿iSe rf the trust has been notffiet10l An iM￿n41n9 di$lritrArtion. Ihtr emunt is known. and receipt is expected. 11 the amc¥Jnt is nol known, thè 189aty 1$ treated 83 a contingent asset. 1.5 In¥￿trent prop•rtS•• Investment property, wh*th is property hèld to &8m rentals 8ndlor for capital apweciation, 18 initial iecognised at cost, which indude$ the purth8se o)sl and 8ny dir•¢Uy 8ttribuiable exwnditure. Subsequent it is measured at fair valuè al Ihe reporting end date. The surplus or defK* on levaluath￿ is recognised in profit or bss. THE STRATTON NO.2 CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 5 APRIL 2025 Accountlng poll¢l•• Icontbnu•dl 1.6 Flx•d •i••t Inv••kn•nts FrAed asset investments are initially measured at transaction pnce exduding trans8Ction wsts. and are SUbs￿ue￿tty measuro¢J at fair value al each rtporting dale. Changes in fair value are fecognised in net in¢omtllexpenditurel for Ihts year. Transaclion cost$ ara expansed as incurred. 1.7 Ca•h and ¢•¥h •qub¥*l•nt* Cash and ca$h equiva￿nIS indud& c8sh in hand. deposi15 held al call with bank3. olh8r short-t*m) liquid Inveslments wrth onginal maturiti*$ Ol three months or les5. and bank overdraft6. Bank overdr$ft$ 810 shown wilhin bOrro￿n93 In curyent liabilit￿$. 8*•l¢ financl•l •M•t• Baw¢ finanrJal assets, whi¢h include debtors and cash and bank balances, are inrtially measured at Iransaclion price indtsding transaction costs and a￿ subsequenlfy carried al amortised cost using the effective intere$1 method unless the anangement conslitutes a finanang transaclion. where the transaction is measured 81 the present Value ol the lulure receipts discounled at a markel rate of interest. Finan(>al assets das$ifi•d 0$ rtceivable wrthin one year are not amortised. 8••l¢ fin•n¢l•l Il#bllltl•• Basic finanaal 118bilities. indLsding creditors and bank loan$ arè Initi•lly recognioed at transaclion pri￿ unl•8S the arrangement conslilules 8 financing transaction. where the dèbt Instrumenl is rneasured 8t the pr•s&nl value of the fulure payments discounted al a market rate of Inlerest. Financial Ir4bilities da6Srf￿d as payable Ihin one year are not amortI￿d. Oebt instrumenis are 8ub$equenlly ¢arrt•d al 8mortlMd ¢osl. using the effective int•r•sl fate method. Trade credrtors ère obli9ations to Pay for goods or services th91 have bèen acquired in the ordinary Cour￿ of operations from $uppliers. Amounts payable are classffied 8s current Iiabilrties rf paym8nl 1$ due wilhin or year w less. 11 not. th•y are presenled 8s non-current liabililh8s. Tron was m8do on an op•n mèrket value basis by releren¢é to m8r#el evidence of Ir8nsaclion prices for similAr properties. THE STRATTON NO.2 CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 11 Flx•d a•••t Inv••tm•nts Ll•t•d In¥••tm•nts Co•t or valUa￿an AI 6Apnl 2024 & S April 2025 2,533.081 C•nylng •mount AI 05Apnl 2025 2,533.081 Al 05 Apn'l 2024 2,533,081 12 Unr••trlct•d fund• The unrestricled funds ol th& chkrity Ctsmprise Ihe unexpended bBIBnces of donalions and granls whth are ot Bubiecl lo speofic conditions by donors and 9r8nlors as lo how they may be used. These include designated fijnds whith have been set asid8 oul ol Un￿$trIcI¥d funds by the trustees for speofic purposes. At 6 Apr41 2024 Incomlnp r••ourc R•8ourc•• •xp•nd•d G•ln• •nd At S Aprll 2025 G•ngr81 funds 2,591,240 108,481 1115,5481 29,435 2,613,e08 Pr•vlou• y••r'. At 6 Aprll 2023 In¢omltvJ RMourc•• r••ourc •xp•nd•d Giln• *nd At S Aprll 2024 Gen*ral lundi 2,882,818 121,876 1130.822 {82.8321 2,591.240 13 R•lat•d p•rty tr•nM¢tlon• There wer& no disclosable reLryled party Iransactp)ns during the year12024- none). R•mun•r•tlon ol k•y m*nag•m•nt p•rnonn•l No remuneration was paid to key rnanagemenl personnel ol the charity. 10-