**Charity Number 801838**
## **Ralph Stross Charitable Trust**
Trustee Report and Financial Statements For the year ended 05 April 2021
## **Ralph Stross Charitable Trust**
Trustee Report and Financial Statements For the year ended 05 April 2021
|**Index**|Page|
|---|---|
|Trustee annual report||
|1
Reference and administrative details|2|
|2
Structure, governance and management|3|
|3
Objectives and activities|3|
|4
Achievements and performance|3|
|5
Financial Review|4|
|6
Statement of trustee responsibilities|4|
|Independent Examiner's Report|5|
|Statement of financial activities|6|
|Statement of Assets and Liabilities|7|
|Notes to the financial statements|8|
Page 1
**1 Reference and administrative details**
## **Ralph Stross Charitable Trust**
Trustee Report For the year ended 05 April 2021
The Trustee presents their annual report and financial statements for the year ended 05 April 2021. The Trustee has adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the Charity.
## _**Registered charity number**_
**Charity Number 801838**
## _**Address of Charity**_
Riverslea 11 Vale Road Bowden Altrincham WA14 3AE
## _**Trustee**_
Ralph Stross (Chairman) Lorraine Stross
## _**Bankers**_
The Royal Bank Of Scotland plc 38 Mosley Street Manchester M60 2BE
## _**Independent Examiner**_
Mr Roger W Blaskey FCA Kay Johnson Gee LLP 1 City Road East Manchester M15 4PN
Page 2
## **Ralph Stross Charitable Trust**
Trustee Report
For the year ended 05 April 2021
## **2 Structure, governance and management**
## _**Public Benefit**_
The Trustee has complied with the duty in section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission.
## _**Legal status**_
Ralph Stross Charitable Trust is a registered charity, charity number 801838. The charity is governed by a Trust which was established by a Deed dated 30 January 1989.
## _**Method of selection of trustee**_
New trustees are appointed by the existing trustee.
## **3 Objectives and activities**
## _**Objects of the Charity**_
The objects of the charity as set out in the Trust Deed are to provide funds at its discretion including through the making of grants to any charitable or non charitable organisations or individuals who the trustee believe to be in need of financial support.
## _**Principal activities of the Charity**_
The principal activities undertaken are that of collecting donations from indivduals or organisations and then making donations to other individuals or organisations who the trustee believes to be in need of financial support.
## **4**
## **Achievements and performance**
The charity has traditionally provided help to the needy and this work continues
Page 3
**5**
## **Ralph Stross Charitable Trust**
Trustee Report
For the year ended 05 April 2021
## **Financial Review**
## _**Reserves policy**_
It is the general aim of the Trustee to work towards a neutral budget position on a year on year basis to ensure that most of the net income is distributed in achieving the Charity's activities and objectives. The charity commission encourages charity trustees to provide sufficient reserves so as to balance the needs of the future and current beneficiaries.
## _**Results**_
|A summary of the results is as follows:
Income
Expenditure
Net movement in funds|**2021**
**£**
**29,463**
**(16,502)**
**12,961**|2020
£
17,797
(19,498)
(1,701)|
|---|---|---|
## **6 Statement of trustee responsibilities**
The trustee is responsible for the preparation of the financial statements for each financial year, which give a true and fair view of the state of affairs of the charity as at the end of the financial year, and of the incoming resources and application of resources for that period. In preparing these financial statements, the trustee is required to :
- Select suitable accounting policies and then apply them consistently ;
- Make judgements and estimates that are reasonable and prudent ;
- State whether applicable accounting standards have been followed ; and
- Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustee is also responsible for ensuring that the charity has appropriate systems of internal control across the organisation. They are responsible for keeping proper accounting records, which disclose with reasonable accuracy, at any time, the financial position of the charity and enable them to ensure that the financial statements follow best practice. They are further responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The systems of internal control are designed to provide reasonable, but not absolute, reassurance against material misstatement of loss. Internal control processes implemented by the trustee include :
- Agreement of policy and service development objectives by the trustee ;
- An annual budget approved by the trustee ;
- Regular consideration by the trustee of financial results including variance from budgets and forecasts ;
- Delegation of authority to appropriate levels of management ; and
- Identification and management of risk.
The Trustee Report was approved and was signed by:
## **R Stross**
_Chairman_
## **Date :**
Page 4
## **INDEPENDENT EXAMINER'S REPORT**
To the Trustee of Ralph Stross Charitable Trust For the year ended 05 April 2021
I report on the financial statements of the Trust for the year ended 05 April 2021 as set out on pages 6 to 10.
This report is made solely to the charity’s trustee, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity’s trustee those matters I am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustee as a body, for my work, for this report, or for the opinions I have formed.
## **Respective responsibilities of the trustee and examiner**
The charity's trustee is responsible for the preparation of financial statements. The charity’s trustee considers that an audit is not required for this year under Section 144(2) of the Charities Act 2011 (‘the 2011 Act’) and that an independent examination is needed.
It is my responsibility to :
- examine the financial statements under section 145 of the 2011 Act;
- to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- to state where particular matters have come to my attention.
## **Basis of independent examiner's report**
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from you as a trustee concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the financial statements present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
- a) which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with section 130 of the 2011 Act; and
- to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the 2011 Act;
have not been met, or
- b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
Mr Roger W Blaskey FCA Kay Johnson Gee LLP 1 City Road East Manchester M15 4PN
Date :
Page 5
## **Ralph Stross Charitable Trust**
Statement of Financial Activities For the year ended 05 April 2021
|**INCOME**
Donations received
**Total income**
**EXPENDITURE**
**Charitable activities**
Donations to organisations and individuals
**Total expenditure**
**Opening funds**
**Net movement**
**Closing funds**
**Net income (expenditure) and net movement in**
**funds before gains and losses on investments**|**Unrestricted**
**funds**
**2021**
**£**
**29,463**
**29,463**
**16,502**
**16,502**
**12,961**
**903**
**12,961**
**13,864**|Unrestricted
funds
2020
£
17,797
17,797
19,498
19,498
(1,701)
2,604
(1,701)
903|
|---|---|---|
Page 6
## **Ralph Stross Charitable Trust**
Statement of Assets and Liabilities As at 05 April 2021
**----- Start of picture text -----**
2021 2020
£ £
Current assets
Cash at bank and in hand 13,864 903
13,864 903
Net current assets 13,864 903
Net assets 13,864 903
Funds
Unrestricted funds 13,864 903
**----- End of picture text -----**
Approved by the Trustee and signed:
**R Stross** _Chairman_ **Date :**
Page 7
## **Ralph Stross Charitable Trust**
Notes to the financial statements
For the year ended 05 April 2021
## **1**
## **General information**
Ralph Stross Charitable Trust is a registered charity (charity number 801838) and is an unincorporated association governed by its trust deed.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102) issued 16 July 2014, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015.
## **2 Accounting policies**
## **2.1 Basis of accounting**
The accounts are prepared in accordance with with applicable accounting standards.
## **2.2 Income**
Income is accounted for on a cash receivable basis, stated gross of tax.
## **2.3 Expenditure**
Expenditure is recognised on a cash payable basis. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## **2.4 Going concern**
The financial statements have been prepared on a going concern basis as the trustee believes that no material uncertainties exist. The trustee has considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.
## **2.4 Trustee remuneration & related party transactions**
No trustee received any remuneration or out of pocket expenses from the charity during either year.
## **2.5 Control**
The charity is controlled by the trustee who has control
Page 8