**REGISTERED CHARITY NUMBER: 1127497**
## **Report of the Trustees and**
## **Financial Statements for the Year Ended 27 September 2023**
## **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 2023**
||**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 2023**
The trustees present their report with the financial statements of the charity for the year ended 27 September 2023. 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**
It has been another exciting and productive year for the Starr Trust. 2023 ended with us having achieved a record fundraising year, which included two successful Golf Days, our 11th Annual Bike Ride, and our very popular Winter Ball. Combined our various events led to over £200,000 being raised during the year. We continued our funding and awards to existing Starrs who reapplied, plus many new Starrs just starting their journeys. This meant we paid out funds every single week of the year to incredible youngsters and projects. Next year, 2024, we start our 16th year as a charity and we will continue working extremely hard to support all our existing Starrs and to help as many new Starrs as we can.
Page 1
**The Starr Trust**
## **Report of the Trustees**
## **for the Year Ended 27 September 2023**
## **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 31 May 2024 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 2023.
## **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
31 May 2024
Page 3
**The Starr Trust**
## **Statement of Financial Activities for the Year Ended 27 September 2023**
|**27.9.23**
**Unrestricted**
**fund**
Notes
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**38,981**
**Charitable activities**
Grants
**12,090**
Other trading activities
2
**181,170**
Investment income
3
**932**
Other income
4
**-**
**Total**
**233,173**
**EXPENDITURE ON**
Raising funds
5
**119,744**
Other
**560**
**Total**
**120,304**
**(84,342)**
**NET INCOME/(EXPENDITURE)**
**28,527**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**54,465**
**TOTAL FUNDS CARRIED FORWARD**
**82,992**
Grants paid out|27.9.22
Total
funds
£
6,489
-
169,751
16
2,581
178,837
130,153
7,721
137,874
(72,770)
(31,807)
86,272
54,465|
|---|---|
The notes form part of these financial statements
Page 4
**The Starr Trust**
## **Balance Sheet**
## **27 September 2023**
|**27.9.23**
**Unrestricted**
**fund**
Notes
**£**
**CURRENT ASSETS**
Debtors
9
**14,534**
Cash at bank and in hand
**162,375**
**176,909**
**CREDITORS**
Amounts falling due within one year
10
**(59,927)**
**NET CURRENT ASSETS**
**116,982**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**116,982**
**ACCRUALS AND DEFERRED INCOME**
11
**(33,990)**
**NET ASSETS**
**82,992**
**FUNDS**
12
Unrestricted funds
**82,992**
**TOTAL FUNDS**
**82,992**|27.9.22
Total
funds
£
1,520
86,152
87,672
(33,207)
54,465
54,465
-
54,465
54,465
54,465|
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 31 May 2024 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 2023**
## **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.
Page 6
continued...
**The Starr Trust**
## **Notes to the Financial Statements - continued**
|**for the Year Ended 27 September 2023**
**2.**
**OTHER TRADING ACTIVITIES**
Fundraising events
Sponsorships
Collections
**3.**
**INVESTMENT INCOME**
Deposit account interest
**4.**
**OTHER INCOME**
Government Covid Grants
This is Government Covid Grants received re: furloughed employees.
**5.**
**RAISING FUNDS**
**Raising donations and legacies**
Staff costs
Support costs|**27.9.23**
**£**
**173,694**
**7,000**
**476**
**181,170**
**27.9.23**
**£**
**932**
**27.9.23**
**£**
**-**
**27.9.23**
**£**
**57,825**
**5,786**
**63,611**|27.9.22
£
158,669
11,000
82|27.9.22
£
158,669
11,000
82|
|---|---|---|---|
|||169,751||
|||27.9.22
£
16
27.9.22
£
2,581
27.9.22
£
53,248
-
53,248||
||||53,248|
continued...
Page 7
**The Starr Trust**
**Notes to the Financial Statements - continued for the Year Ended 27 September 2023**
## **6. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 27 September 2023 nor for the year ended 27 September 2022.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 27 September 2023 nor for the year ended 27 September 2022.
## **7. STAFF COSTS**
The average monthly number of employees during the year was as follows:
||**27.9.23**|27.9.22|
|---|---|---|
|Employees|**6**|6|
|No employees received emoluments in excess of £60,000.|||
|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL**|**ACTIVITIES**||
|||Unrestricted|
|||fund|
|||£|
|**INCOME AND ENDOWMENTS FROM**|||
|Donations and legacies||6,489|
|Other trading activities||169,751|
|Investment income||16|
|Other income||2,581|
|**Total**||178,837|
|**EXPENDITURE ON**|||
|Raising funds||130,153|
|Other||7,721|
|**Total**||137,874|
|Grants paid out||(72,770)|
|**NET INCOME/(EXPENDITURE)**||(31,807)|
## **8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
continued...
Page 8
**The Starr Trust**
**Notes to the Financial Statements - continued for the Year Ended 27 September 2023**
|**8.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**||
|---|---|---|---|
||||Unrestricted|
||||fund|
||||£|
||**RECONCILIATION OF FUNDS**|||
||Total funds brought forward||86,272|
||**TOTAL FUNDS CARRIED FORWARD**||54,465|
|**9.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||
|||**27.9.23**|27.9.22|
|||**£**|£|
||Corporate Donation Debtors|**13,336**|-|
||Other debtors|**994**|994|
||Tax|**204**|19|
||Prepayments|**-**|507|
|||**14,534**|1,520|
|**10.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||
|||**27.9.23**|27.9.22|
|||**£**|£|
||Trade creditors|**57,322**|29,331|
||Taxation and social security|**1,601**|3,876|
||Other creditors|**1,004**|-|
|||**59,927**|33,207|
|**11.**|**ACCRUALS AND DEFERRED INCOME**|||
|||**27.9.23**|27.9.22|
|||**£**|£|
||Accruals and deferred income|**33,990**|-|
continued...
Page 9
**The Starr Trust**
## **Notes to the Financial Statements - continued**
## **for the Year Ended 27 September 2023**
## **12. MOVEMENT IN FUNDS**
|At
28.9.22
£
**Unrestricted funds**
General fund
**54,465**
**TOTAL FUNDS**
**54,465**
Net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
**233,173**
**(120,304)**
**TOTAL FUNDS**
**233,173**
**(120,304)**
**Comparatives for movement in funds**
At
28.9.21
£
**Unrestricted funds**
General fund
86,272
**TOTAL FUNDS**
86,272
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
178,837
(137,874)
**TOTAL FUNDS**
178,837
(137,874)|Net
movement
in funds
£
**28,527**
**28,527**
£
**(84,342)**
**(84,342)**
Net
movement
in funds
£
(31,807)
(31,807)
£
(72,770)
(72,770)
Grants
paid out
Grants
paid out|At
27.9.23
£
**82,992**
**82,992**
Movement
in funds
£
**28,527**
**28,527**
At
27.9.22
£
54,465
54,465
Movement
in funds
£
(31,807)
(31,807)|
|---|---|---|
||||
continued...
Page 10
**The Starr Trust**
## **Notes to the Financial Statements - continued for the Year Ended 27 September 2023**
## **12. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Net
At
movement
28.9.21
in funds
£
£
86,272
(3,280)
86,272
(3,280)|At
27.9.23
£
82,992|
|---|---|---|
|||82,992|
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
£
412,010
412,010|Resources
expended
£
(258,178)
(258,178)|£
(157,112)
(157,112)
Grants
paid out|Movement
in funds
£
(3,280)
(3,280)|
|---|---|---|---|---|
## **13. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 27 September 2023.
Page 11
**The Starr Trust**
**Detailed Statement of Financial Activities for the Year Ended 27 September 2023**
|**Detailed Statement of Financial Activities**
**for the Year Ended 27 September 2023**|||
|---|---|---|
||27.9.23|27.9.22|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Gift aid|**204**|1,285|
|Donations|**38,777**|5,204|
||**38,981**|6,489|
|**Other trading activities**|||
|Fundraising events|**173,694**|158,669|
|Sponsorships|**7,000**|11,000|
|Collections|**476**|82|
||**181,170**|169,751|
|**Investment income**|||
|Deposit account interest|**932**|16|
|**Charitable activities**|||
|Grants|**12,090**|-|
|**Other income**|||
|Government Covid Grants|**-**|2,581|
|**Total incoming resources**|**233,173**|178,837|
|**EXPENDITURE**|||
|**Raising donations and legacies**|||
|Wages|**56,962**|52,470|
|Pensions and healthcare|**863**|778|
||**57,825**|53,248|
|**Other trading activities**|||
|Fund raising events costs|**56,133**|76,905|
|**Other**|||
|HMRC interest|**53**|28|
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 2023**
|**Detailed Statement of Financial Activities**
**for the Year Ended 27 September 2023**|||
|---|---|---|
||27.9.23|27.9.22|
||£|£|
|**Support costs**|||
|**Management**|||
|Insurance|**592**|485|
|Licences and subscriptions|**816**|550|
|Computer costs|**2,587**|395|
|Postage and stationery|**2,193**|2,258|
|Advertising|**-**|3,967|
||**6,188**|7,655|
|**Finance**|||
|Bank charges|**105**|38|
|Total resources expended|**120,304**|137,874|
|**Net income before gains and losses**|**112,869**|40,963|
|Grants paid out|||
|Distribution grants|**(84,342)**|(72,770)|
|**Net income/(expenditure)**|**28,527**|(31,807)|
This page does not form part of the statutory financial statements
Page 13