**Charity Number 801838**
## **Ralph Stross Charitable Trust**
Trustee Report and Financial Statements For the year ended 05 April 2022
## **Ralph Stross Charitable Trust**
Trustee Report and Financial Statements For the year ended 05 April 2022
|**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|3|
|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 2022
The Trustee presents their annual report and financial statements for the year ended 05 April 2022. 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 Limited 1 City Road East Manchester M15 4PN
Page 2
## **Ralph Stross Charitable Trust**
Trustee Report
For the year ended 05 April 2022
## **2 Structure, governance and management**
## _**Public Benefit**_
The trustees have complied with the duty in Section 4 of the Charities Act 2006 to have due regard to the public benefit guidance published by the Charity Commission and this is detailed in the Objectives and Activities section of the Trustees Annual Report.
## _**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.
## **5 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|**2022**
**£**
**82,223**
**(19,832)**
**62,391**|2021
£
29,463
(16,502)
12,961|
|---|---|---|
Page 3
**6**
## **Ralph Stross Charitable Trust**
Trustee Report For the year ended 05 April 2022
## **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 ;
- Observe the methods and principles in the Charities SORP;
- Make judgements and estimates that are reasonable and prudent ;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue to operate.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company’s transactions and disclose with reasonable accuracy at any time the financial position of the charitable company.
The trustees confirm that so far as they are aware, there is no information relevant to these financial statements of which the charitable company’s independent examiner is unaware. They have taken all the steps that they ought to have taken as trustees in order to make themselves aware of any relevant information and to establish that the charitable company's independent examiner is aware of that information.
The trustees have overall responsibility for ensuring that the charity has an appropriate system of controls, including financial controls. The charity's systems of internal controls are designed to provide reasonable assurance against material financial misstatement or loss to the charity.
Trustees examined the major strategic, business and operational risks which the charity faces and a formal risk management process is in operation across the charity, with a risk management policy and disaster recovery plan in place, and reviewed and updated annually. Potential risks are assessed as to their likelihood and impact and the consequent actions necessary taken to manage those risks. Other management processes in place include:-
- regular review of financial management reports comparing income and expenditure with agreed budgets and year-end forecasts; ongoing review of a reserves policy that takes account of the risks of streams of income and expenditure;
- • and
- regular review of insurance cover to take account of potential risks (such as business continuity).
The trustees are satisfied that appropriate actions are being taken to manage risk and that the charity's internal controls comply with the guidelines issued by the Charity Commission.
## **Going Concern**
The trustees believe that there are no material uncertainties that call into doubt the charity's ability to continue its activities. The accounts have therefore been prepared on the basis that the charity is a going concern.
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 2022
I report on the financial statements of the Trust for the year ended 05 April 2022 as set out on pages 6 to 8.
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**
Having satisfied myself that the financial statements of the charitable company are not required to be audited under Part 16 of the Act and are eligible for independent examination, I report in respect of my examination of the charitable company’s financial statements carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’) and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently I express no opinion as to whether the financial statements present a ‘true and fair’ view and my report is limited to those specific matters set out in the independent examiner’s statement.
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.
## **Use of my report**
This report is made solely to the charity’s trustees, 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 trustees 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 trustees as a body, for my work, for this report, or for the opinions I have formed.
Mr Roger W Blaskey FCA Kay Johnson Gee Limited 1 City Road East Manchester M15 4PN
> Date : 20/12/2022
Page 5
## **Ralph Stross Charitable Trust**
Statement of Financial Activities For the year ended 05 April 2022
|**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**
**2022**
**£**
**82,223**
**82,223**
**19,832**
**19,832**
**62,391**
**13,864**
**62,391**
**76,255**|Unrestricted
funds
2021
£
29,463
29,463
16,502
16,502
12,961
903
12,961
13,864|
|---|---|---|
Page 6
## **Ralph Stross Charitable Trust**
Statement of Assets and Liabilities As at 05 April 2021
**----- Start of picture text -----**
2022 2021
£ £
Current assets
Cash at bank and in hand 76,255 13,864
76,255 13,864
Net current assets 76,255 13,864
Net assets 76,255 13,864
Funds
Unrestricted funds 76,255 13,864
**----- 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 2022
## **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 in October 2019 and the Charities Act 2011 and UK Generally Accepted Prac�ce as it applies from 1 January 2019.
## **2 Accounting policies**
## **2.1 Basis of accounting**
The financial statements are prepared on a going concern basis under the historical cost convention. The financial statements are prepared in sterling which is the functional currency of the charity.
## **2.2 Income**
All income is included on the Statement of Financial Activities when the charity is legally entitled to the incom and the amount can be quantified with reasonable accuracy.
Income from donations is included in the accounts for the period in which payment was received.
Investment income comprises of interest, and is accounted for on a receivable basis.
## **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 trustees believe that no material uncertainties exist. The trustees have 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 con�nue 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.
## **2.6 Taxation**
The charitable company is exempt from corporation tax on its charitable activities.
Page 8