**REGISTERED CHARITY NUMBER: 1127497** ## **Report of the Trustees and** ## **Financial Statements for the Year Ended 27 September 2022 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 2022** ||**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**|12 to 13| |**Activities**|| **The Starr Trust** ## **Report of the Trustees for the Year Ended 27 September 2022** The trustees present their report with the financial statements of the charity for the year ended 27 September 2022. 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** The year 2022 was another exciting one for the charity as we had a number of events, both existing and new, and raised more money in donations than in previous years. Events included our annual Bike Ride, which this year was in France and took the cyclist over Le Mont Ventoux, plus our Golf Days including our Women Only Golf Day, and our Winter Ball which was a sold out event months before it happened. Also our Chairman Rob Starr completed his 52 * 52 Triathlon Challenge, which meant he completed a full Olympic distance triathlon every single week for the whole of the year.We also managed to secure a number of new corporate sponsors, which will Page 1 enable the fund raising to continue throughout 2022 and well in to 2023.With all the funds raised we were able to support more applications to young people than ever before as well as offering financial assistance to local groups who fit into our remit of Removing Roadblocks for Young People. Page 1 **The Starr Trust** ## **Report of the Trustees for the Year Ended 27 September 2022** ## **FUTURE PLANS** The Starr Trust will steer our Young Starrs through the post pandemic landscape. ## **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 17 July 2023 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 2022. ## **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: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. 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 17 July 2023 Page 3 **The Starr Trust** ## **Statement of Financial Activities for the Year Ended 27 September 2022** |||**27.9.22**||27.9.21| |---|---|---|---|---| |||**Unrestricted**||| ||||Total|| |||**fund**||funds| ||Notes|**£**||£| |INCOME AND ENDOWMENTS FROM||||| |Donations and legacies||**6,489**||21,482| |Other trading activities|2|**169,751**||42,428| |Investment income|3|**16**||4| |Other income|4|**2,581**||41,749| |**Total**||**178,837**|105,663|| |EXPENDITURE ON||||| |Raising funds||**130,153**||65,732| |Other||**7,721**||2,009| |**Total**||**137,874**||67,741| |Distribution grants||**(72,770)**||(25,664)| |**NET INCOME/(EXPENDITURE)**||**(31,807)**||12,258| |RECONCILIATION OF FUNDS||||| |Total funds brought forward||**86,272**||74,014| |**TOTAL FUNDS CARRIED FORWARD**||**54,465**||86,272| The notes form part of these financial statements Page 4 **The Starr Trust** ## **Balance Sheet 27 September 2022** |||**27.9.22**|27.9.21| |---|---|---|---| |||**Unrestricted**|| ||||Total| |||**fund**|funds| |Notes||**£**|£| |CURRENT ASSETS|||| |Debtors|8|**1,520**|1,089| |Cash at bank and in hand||**86,152**|103,045| |||**87,672**|104,134| |CREDITORS|||| |Amounts falling due within one year|9|**(33,207)**|(17,862)| |**NET CURRENT ASSETS**||**54,465**|86,272| |**TOTAL ASSETS LESS CURRENT**|||| |**LIABILITIES**||**54,465**|86,272| |**NET ASSETS**||**54,465**|86,272| |**FUNDS**|10||| |Unrestricted funds||**54,465**|86,272| |**TOTAL FUNDS**||**54,465**|86,272| The financial statements were approved by the Board of Trustees and authorised for issue on 17 July 2023 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 2022** ## **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. ## **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. ## **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. continued... Page 6 **The Starr Trust** ## **Notes to the Financial Statements - continued for the Year Ended 27 September 2022** |**2.**
**OTHER TRADING ACTIVITIES**
**27.9.22**
**£**
Fundraising events
**158,669**
Sponsorships
**11,000**
Collections
**82**
**169,751**
**3.**
**INVESTMENT INCOME**
**27.9.22**
**£**
Deposit account interest
**16**
**4.**
**OTHER INCOME**
**27.9.22**
**£**
Government Covid Grants
**2,581**|27.9.21
£
42,259
-
169
42,428| |---|---| ||27.9.21
£
4
27.9.21
£
41,749| 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 2022 nor for the year ended 27 September 2021. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 27 September 2022 nor for the year ended 27 September 2021. ## **6. STAFF COSTS** The average monthly number of employees during the year was as follows: ||**27.9.22**|27.9.21| |---|---|---| |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 2022** |**7.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**| |---|---|---|---| ||||Unrestricted| ||||fund| ||||£| ||INCOME AND ENDOWMENTS FROM||| ||Donations and legacies||21,482| ||Other trading activities||42,428| ||Investment income||4| ||Other income||41,749| ||**Total**||105,663| ||EXPENDITURE ON||| ||Raising funds||65,732| ||Other||2,009| ||**Total**||67,741| ||Distribution grants||(25,664)| ||**NET INCOME**||12,258| ||RECONCILIATION OF FUNDS||| ||Total funds brought forward||74,014| ||**TOTAL FUNDS CARRIED**||| ||**FORWARD**||86,272| |**8.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||| |||**27.9.22**|27.9.21| |||**£**|£| ||Other debtors|**994**|550| ||Tax|**19**|54| ||Prepayments|**507**|485| |||**1,520**|1,089| continued... Page 8 **The Starr Trust** ## **Notes to the Financial Statements - continued for the Year Ended 27 September 2022** |**9.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|| |---|---|---|---|---|---| |||||**27.9.22**|27.9.21| |||||**£**|£| ||Trade creditors|||**29,331**|16,318| ||Taxation and social security|||**3,876**|1,396| ||Other creditors|||**-**|148| |||||**33,207**|17,862| |**10.**|**MOVEMENT IN FUNDS**||||| |||||Net|| ||||At|movement|At| ||||28.9.21|in funds|27.9.22| ||||£|£|£| ||Unrestricted funds||||| ||General fund||**86,272**|**(31,807)**|**54,465**| ||**TOTAL FUNDS**||**86,272**|**(31,807)**|**54,465**| ||Net movement in funds, included|in the above are as follows:|||| |||Incoming|Resources|Distribution|| ||||Movement||| |||resources|expended|grants|in funds| |||£|£|£|£| ||Unrestricted funds||||| ||General fund|**178,837**|**(137,874)**|**(72,770)**|**(31,807)**| ||**TOTAL FUNDS**|**178,837**|**(137,874)**|**(72,770)**|**(31,807)**| ## **Comparatives for movement in funds** |||Net|| |---|---|---|---| ||At|movement|At| ||28.9.20|in funds|27.9.21| ||£|£|£| |Unrestricted funds|||| |General fund|74,014|12,258|86,272| |**TOTAL FUNDS**|74,014|12,258|86,272| continued... Page 9 **The Starr Trust** **Notes to the Financial Statements - continued for the Year Ended 27 September 2022** ## **10. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: |Incoming
Resources
Distribution
Movement
resources
expended
grants
£
£
£
Unrestricted funds
General fund
105,663
(67,741)
(25,664)
**TOTAL FUNDS**
105,663
(67,741)
(25,664)|in funds
£
12,258
12,258| |---|---| A current year 12 months and prior year 12 months combined position is as follows: |||Net|| |---|---|---|---| ||At|movement|At| ||28.9.20|in funds|27.9.22| ||£|£|£| |Unrestricted funds|||| |General fund|74,014|(19,549)|54,465| |**TOTAL FUNDS**|74,014|(19,549)|54,465| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: ||Incoming|Resources|Distribution|| |---|---|---|---|---| |||Movement||| ||resources|expended|grants|in funds| ||£|£|£|£| |Unrestricted funds||||| |General fund|284,500|(205,615)|(98,434)|(19,549)| |**TOTAL FUNDS**|284,500|(205,615)|(98,434)|(19,549)| continued... Page 10 **The Starr Trust** ## **Notes to the Financial Statements - continued for the Year Ended 27 September 2022** ## **11. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 27 September 2022. Page 11 **The Starr Trust** ## **Detailed Statement of Financial Activities for the Year Ended 27 September 2022** |**Detailed Statement of Financial Activities**
**for the Year Ended 27**
**September**
**2022**||| |---|---|---| ||27.9.22|27.9.21| ||£|£| |**INCOME AND ENDOWMENTS**||| |Donations and legacies||| |Gift aid|**1,285**|1,876| |Donations|**5,204**|19,606| ||**6,489**|21,482| |Other trading activities||| |Fundraising events|**158,669**|42,259| |Sponsorships|**11,000**|-| |Collections|**82**|169| ||**169,751**|42,428| |Investment income||| |Deposit account interest|**16**|4| |Other income||| |Government Covid Grants|**2,581**|41,749| |**Total incoming resources**|**178,837**|105,663| |**EXPENDITURE**||| |Raising donations and legacies||| |Wages|**52,470**|56,229| |Pensions and healthcare|**778**|739| ||**53,248**|56,968| |Other trading activities||| |Fund raising events costs|**76,905**|8,764| |Other||| |HMRC interest|**28**|13| |**Support costs**||| |Management||| |Insurance|**485**|485| |Licences and subscriptions|**550**|588| |Computer costs|**395**|232| |Carried forward|**1,430**|1,305| 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 2022** |**Detailed Statement of Financial Activities**
**for the Year Ended 27**
**September**
**2022**||| |---|---|---| ||27.9.22|27.9.21| ||£|£| |Management||| |Brought forward|**1,430**|1,305| |Postage and stationery|**2,258**|202| |Advertising|**3,967**|109| |Training|**-**|380| ||**7,655**|1,996| |Finance||| |Bank charges|**38**|-| |Total resources expended|**137,874**|67,741| |**Net income before gains and losses**|**40,963**|37,922| |**Distribution grants**||| |Distribution grants|**(72,770)**|(25,664)| |**Net (expenditure)/income**|**(31,807)**|12,258| This page does not form part of the statutory financial statements Page 13