REGISTERED CHARITY NUMBER: 1127497
Report of the Trustees and
Financial Statements for the Year Ended 27 September 2021
for
The Starr Trust
Style and Silver Bank House Southwick Square Southwick West Sussex BN42 4FN
The Starr Trust
Contents of the Financial Statements for the Year Ended 27 September 2021
| 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 11 |
| Detailed Statement of Financial Activities | 12 to 13 |
The Starr Trust
Report of the Trustees
for the Year Ended 27 September 2021
The trustees present their report with the financial statements of the charity for the year ended 27 September 2021. 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
History, Objectives and Activities
The charity was registered on 13th January 2009. In 2013 the charity was rebranded as the Starr Trust.
The aim of the Starr Trust is to remove roadblocks for young people and help them achieve their goals. We do this by giving out financial grants and offering mentoring opportunities.
We are an independent, family run charity, based in the BN postcode area of the UK, which supports young people aged 10 - 25 to fulfil their potential in sports, arts and education at a time when they really need it.
We provide:
Financial Awards - financial grants of up to £5,000 for individual young people and up to £10,000 for specific projects.
We support young people living in the Greater Brighton area of the UK as well as national and international projects as long as there is a link to Greater Brighton.
We do this through local fundraising, events, creating local networks of mentors and other interested professionals, providing opportunities for training and skills sharing and connecting communities locally and around the world.
We aim to encourage independent thinking, entrepreneurship and a social conscience in young people through all our activities.
We believe in a world in which young people are supported to achieve their fullest potential; where they flourish as individuals whilst making a positive contribution to their community and in turn are recognised for their achievements. We rely on the energy and generosity of all our supporters and guarantee to turn their donation into an amazing opportunity for a local person.
A list of all our Young Starrs can be found at http://www.starrtrust.org
ACHIEVEMENT AND PERFORMANCE Charitable activities
Like most charities 2021 continued to be another tough year for fundraising.
During the early part of 2021 we decided to refresh and rebrand the charity and created a new logo and strapline that reflected the fact that we are now in our 14th year and well established.
Our new strapline is "Removing Roadblocks for Young People" We have changed the age range to 10 to 25 and have added group funding. We feel these changes will address many more issues that young people face today as well as all the challenges that may exist post pandemic. We hope that the Starr Trust will continue to be a beacon of light for young people and will challenge them to be the best that they can be no matter what situation they find themselves in.
FUTURE PLANS
The Starr Trust will steer our Young Starrs through the post pandemic landscape.
Page 1
The Starr Trust
Report of the Trustees
for the Year Ended 27 September 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust dated 3rd November 2008, and constitutes an unicorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1127497
Principal address
Verulam House 142 Old Shoreham Road Hove East Sussex BN3 7BD
Trustees
R L Starr D Abrahams M Jacobs R Bates R Silver Ms C Webster
Independent Examiner
Style and Silver Bank House Southwick Square Southwick West Sussex BN42 4FN
Approved by order of the board of trustees on 12 July 2022 and signed on its behalf by:
R L Starr - Trustee
Page 2
Independent Examiner's Report to the Trustees of The Starr Trust
Independent examiner's report to the trustees of The Starr Trust
I report to the charity trustees on my examination of the accounts of The Starr Trust (the Trust) for the year ended 27 September 2021.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Kevin Byrne Style and Silver Bank House Southwick Square Southwick West Sussex BN42 4FN
12 July 2022
Page 3
The Starr Trust
Statement of Financial Activities
for the Year Ended 27 September 2021
| 27.9.21 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 21,482 Other trading activities 2 42,428 Investment income 3 4 Other income 4 41,749 Total 105,663 EXPENDITURE ON Raising funds 65,732 Charitable activities Grants 25,664 Other 2,009 Total 93,405 NET INCOME/(EXPENDITURE) 12,258 RECONCILIATION OF FUNDS Total funds brought forward 74,014 TOTAL FUNDS CARRIED FORWARD 86,272 |
27.9.20 Total funds £ 24,782 102,351 74 23,131 150,338 98,906 47,103 7,920 153,929 (3,591) 77,605 74,014 |
|---|---|
The notes form part of these financial statements
Page 4
The Starr Trust
Balance Sheet
27 September 2021
| 27.9.21 Unrestricted fund Notes £ CURRENT ASSETS Debtors 8 1,089 Cash at bank and in hand 103,045 104,134 CREDITORS Amounts falling due within one year 9 (17,862) NET CURRENT ASSETS 86,272 TOTAL ASSETS LESS CURRENT LIABILITIES 86,272 NET ASSETS 86,272 FUNDS 10 Unrestricted funds 86,272 TOTAL FUNDS 86,272 |
27.9.20 Total funds £ 813 99,097 99,910 (25,896) 74,014 74,014 74,014 74,014 74,014 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 12 July 2022 and were signed on its behalf by:
R L Starr - Trustee
The notes form part of these financial statements
Page 5
The Starr Trust
Notes to the Financial Statements
for the Year Ended 27 September 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 Charities Act 2011. 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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Taxation
The charity is exempt from 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.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Page 6
continued...
The Starr Trust
Notes to the Financial Statements - continued
for the Year Ended 27 September 2021
| 2. OTHER TRADING ACTIVITIES Fundraising events Collections 3. INVESTMENT INCOME Deposit account interest Interest receivable - trading 4. OTHER INCOME Government Covid Grants |
27.9.21 £ 42,259 169 42,428 27.9.21 £ 4 - 4 27.9.21 £ 41,749 |
27.9.20 £ 101,928 423 |
|---|---|---|
| 102,351 | ||
| 27.9.20 £ 56 18 74 27.9.20 £ 23,131 |
This is Government Covid Grants received re: furloughed employees.
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 27 September 2021 nor for the year ended 27 September 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 27 September 2021 nor for the year ended 27 September 2020.
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 27.9.21 | 27.9.20 | |
|---|---|---|
| Employees | 6 | 6 |
No employees received emoluments in excess of £60,000.
continued...
Page 7
The Starr Trust
Notes to the Financial Statements - continued
for the Year Ended 27 September 2021
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |||
|---|---|---|---|
| fund | |||
| £ | |||
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 24,782 | ||
| Other trading activities | 102,351 | ||
| Investment income | 74 | ||
| Other income | 23,131 | ||
| Total | 150,338 | ||
| EXPENDITURE ON | |||
| Raising funds | 98,906 | ||
| Charitable activities | |||
| Grants | 47,103 | ||
| Other | 7,920 | ||
| Total | 153,929 | ||
| NET INCOME/(EXPENDITURE) | (3,591) | ||
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 77,605 | ||
| TOTAL FUNDS CARRIED | |||
| FORWARD | 74,014 | ||
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 27.9.21 | 27.9.20 | ||
| £ | £ | ||
| Other debtors | 550 | 550 | |
| Tax | 54 | 263 | |
| Prepayments | 485 | - | |
| 1,089 | 813 |
continued...
Page 8
The Starr Trust
Notes to the Financial Statements - continued
for the Year Ended 27 September 2021
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade creditors Taxation and social security Other creditors 10. MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund TOTAL FUNDS |
At 28.9.20 £ 74,014 74,014 Incoming resources £ 105,663 105,663 At 28.9.19 £ 77,605 77,605 |
27.9.21 £ 16,318 1,396 148 17,862 Net movement in funds £ 12,258 12,258 Resources expended £ (93,405) (93,405) Net movement in funds £ (3,591) (3,591) |
27.9.20 £ 25,081 667 148 25,896 At 27.9.21 £ 86,272 86,272 Movement in funds £ 12,258 12,258 At 27.9.20 £ 74,014 74,014 |
|---|---|---|---|
continued...
Page 9
The Starr Trust
Notes to the Financial Statements - continued
for the Year Ended 27 September 2021
10. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS A current year 12 months and prior year 12 months combined Unrestricted funds General fund TOTAL FUNDS |
Incoming Resources resources expended £ £ 150,338 (153,929) 150,338 (153,929) position is as follows: Net At movement 28.9.19 in funds £ £ 77,605 8,667 77,605 8,667 |
Movement in funds £ (3,591) (3,591) At 27.9.21 £ 86,272 86,272 |
|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 256,001 256,001 |
Resources expended £ (247,334) (247,334) |
Movement in funds £ 8,667 8,667 |
|---|---|---|---|
continued...
Page 10
The Starr Trust
Notes to the Financial Statements - continued for the Year Ended 27 September 2021
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 27 September 2021.
Page 11
The Starr Trust
| Detailed Statement of Financial Activities for the Year Ended 27 September 2021 INCOME AND ENDOWMENTS Donations and legacies Gift aid Donations Other trading activities Fundraising events Collections Investment income Deposit account interest Interest receivable - trading Other income Government Covid Grants Total incoming resources EXPENDITURE Raising donations and legacies Wages Redundancy Pensions and healthcare Other trading activities Fund raising events costs Charitable activities Champions grants Other HMRC interest |
27.9.21 £ 1,876 19,606 21,482 42,259 169 42,428 4 - 4 41,749 105,663 56,229 - 739 56,968 8,764 25,664 13 |
27.9.20 £ 651 24,131 |
|---|---|---|
| 24,782 101,928 423 |
||
| 102,351 56 18 |
||
| 74 23,131 |
||
| 150,338 62,718 825 759 |
||
| 64,302 34,604 47,103 - |
This page does not form part of the statutory financial statements
Page 12
The Starr Trust
Detailed Statement of Financial Activities
for the Year Ended 27 September 2021
| Support costs Management Insurance Licences and subscriptions Computer costs Postage and stationery Advertising Training Information technology Hire of plant and machinery Other Lyrics Project Development Total resources expended Net income/(expenditure) |
27.9.21 £ 485 588 232 202 109 380 1,996 - - 93,405 12,258 |
27.9.20 £ 485 629 1,327 246 - - 2,687 (767) 6,000 153,929 (3,591) |
|---|---|---|
This page does not form part of the statutory financial statements
Page 13