Company registration numb¢r: 7966258
Charity registratiOD number: 1152478
Starburst Foundation
(A compaDy Ilmited by guarantee)
Annual Report aDd Financial Slatements
for th¢ Y¢or Ended 29 Febnmry 2024
Stewart & Co Ac¢ountsDts LLP
Knoll House
Knoll Road
Camberley
GU15 3SY

Starburst Foundation
Contents
Reference and Administrative Delails
Tn￿te¢s, R¢port
2to8
Independent Examinevs Report
ststernent of Financial Activiti¢$
io
Balance Sheet
Not¢s to the Finati¢l￿ Stst¢rn￿ts
12to19

Starburst Foundation
Reference and AdmiDlstrativ¢ Details
Trustees
L C Rowlinson
MGGwor
M H Dunnage
J Pollo¢k
H Ellsmore
T Mcwillian)
PM Woodford
G Jones
A BarTycki
1152478
Charlty ReElstratlon Number
Company Re8lJtrntion Number
7966258
Regtslered Offlce
Starburst Studios, Old Scbool Lane
Yatelcy
GU46 6NG
IndepeDdeDt ExamlDer
Stewart & Co Accountants LLP
Knoll House
Knoll Road
Camb¢rl¢y
Surrey
GU15 3SY
Page I

Starburst Foundation
Trustees, Report
The trustees, who are directors for the puryx)ses of company law, present th¢ annual report together with the
f￿a￿e1a1 5tstements of the charitable company for the year ended 29 Febnjary 2024.
Stru¢tur¢• gov¢rnan¢¢ ond mgn4g¢menl
Nalure ofzovernlng documenl
Starburst Foundation is a Company limiled by guarantee governed by its Memorandurn and Articles of
A880ciation dated March 2022 Iupdaled) and agreed at a regular conunitt¢e meeting with quorate of t￿$¢¢¢$. 11
is registered as a charity with the Charity Commission.
Re¢rMlthwnl and appolnln¥nl oflrmslees
St8thust Foundation el¢cts a minimum of 3 and a maximum of 11 individuals (as per th¢ Arti¢l¢s of
Association) at the annual 8¢nerdl meeting. Those elected ar¢ norn)ally individuals who re8ularly support the
charity and who are willing to give up their time free of charge to continue the cbarity's work. Trustees may also
be elected by a decision of the Board if extenuating circumstances are encountered. All the Trustees for
Companies House are known as Directors. The charity follows guidance from the Clwiti¢s Commission for
Finding New Tn￿tee$.
Indu¢don and tralnlng olfrus¢ee4
Trustees are inducted as soon as possible after they are recrniled. They are provid¢d with appropriate charity and
company paperwork such as relevant policies and Articles of Association. Also. new Trustees are provided with
links to Charity Commission paperwork io enable them to become familiar with their roles and re8pon$ibiliti¢$.
P4bllc benefv
The trwtees Confirni that they have complied with the requirements of section 17 of the Charities Act 201 R to
have due regard to th¢ public benefit 8uidaThce published by the Charity Commission for En8land and Wales.
Theatre Division Report:
Objecllves, slrnle8les and a¢lMtla
The Theatre Division of Stsrburst Foundation exists to promote the enjoyment of the arts to the local
community, train future perfonncrs, teclmicians, and Creatives, and raise money to fund life-cnhancing
equipment for disabled children in the local arca. In 2023124 we aimcd to meet these objcctivcs through two
pritnary activitie5: a Summer prnduction and a ClwA8tm&8 pantomime. Alongside these activities, the theatre
division planned to use soci81 media and local events to publicise our activities and the activities and objectives
of thc whole Foundation.
Achlevements l￿dperfor￿Nnr¢
Summer 2023
Starburst, 5tsged another one of the popular ¢abaret-Style shows perfonned at The Harlington in fleet from 5th -
8th July 2023. titled 'Nou8hty Nineties..
For this production we sold 521 tkckets. which was approximately 6￿/• of our totsl capacity for the run and up
5ty/0 on sales for the cabaret perfornied in 2022. This generated an income of £7J96. With show fees and Fronl
of House added and all costs deductrf we flnished the produdion with £2371.64 of profit for Starburst
Foundation. This production was a success and gave more performer5 the opportunity to Showcase their ski]15
due to the llatI￿e of rehearsals and the amount of content in the Show.
Page 2

Starburst FoundatlOD
Trnstees, Report
Panto 2023
Fleet Panto 2023 was Dick Whittington and the theatre division was d¢lern)in¢d, as ever, to build upon the
su¢¢e&8es of previous shows. We auditioned a]most 100 perforniers and began rehearsals in September, with the
show running from 9th- 29th D¢¢¢mber &t The Harlington.
The production sold SJ86 tlekets, wkn'ch was around IOVO up on last year. This equaled £8S093.75' which
shows that panto continues to have a steady increase in profits each year. This year we didn't charge our cast
show fees due to the high level of ¢ommil)nent we are asking from perforniers, so ticket sales Combined with
Front of House. matched donations, and cbarity show tickets. produced an astounding £87,780.80. In a Cost of
living crisis, and with a budget that was generally higher due to increased costs, and in a year that bas been
hugely fmancially testing for Starburst due to other fmancial avenues, it's a great achievement and everyone
involved ID the production should be extremely proud. This goes to show that StaTburst continues to produce
high-quality productions year OD year, helpin8 to raise money for local children and bringing the arts lo the local
ommunity.
As per our objectives, w¢ utilised local events to promote the work of the company and the th¢itre division's
a￿1vitIes. Th¢s¢ events included Farnham Chri51mas Light Swilch-on and Fleet Festivities. We also met our
objective of working with new ¢reativ¢s as we welcomed Henry to the company as our Musical Director for
panto, and we wiu ¢on¢inu¢ ￿ fmd and nurture new talent in all areas of our produ¢lion5 goin8 forwar
including casl member Jonika who has volunteered to write a script alongside direct Repxe for our 2024
pantomime, Cinderella.
Throughout the process of every production, we learn valuable lessons that are takeD fomrl eDSurin8 the
theatre division is always evolvin8 and aimiD8 to beat the success of the previous show. We do this through
regulor meetings and ¢heck-in, and most importantly by a d¢bri¢f meeting once the production has closed. This
y&gr I have also intn)duced a cast and crew 'feedback fonn, to eDable feedback from a wider range of people
such as cast, parents and all volunteers from all aspects of the show, so that during the debrief process we have
w¢ll rounded feedback from different perspective8.
I would like to take a moment to whole-heartedly thank everyone that made panto and the summer production
possible. From production and creative, to tech and chaperones, Front of House and ban￿ and everyone that
stepped on sta8¢. Without everyone donating their time and expertise to create a brilliant Show, we would not
bave had such an overwhelmingly positiv¢ response from our audiences. As a division ￿ rely entirely OD
volunteers who kindly donat¢ th¢ir tim¢ and knowledge, and this is never taken for granted.
The fvture looks bright for Starburst Theatre Company as we enter 2024125. When I rejotned the committ¢¢ in
April 2023 1 had some plams for how I wanted to shape th¢ company. having previously been the Theatr¢
Director for 5 yeats between 2014 & 20191 have had the pleasure of watching the company grow tremendously
and after some time away to give bit1b to a human being I was energis¢d with a new drive to pusb us even
further. In 2025 Starburst Theatre Company will be perforniing our summer musical in a bigger, and we hope,
ore exciting venue - Camberley Theatre. We hope that Camberley Theatre will allow us to break through our
¢UTr¢nt ¢¢ilin8 and to enable us to Inject more into our already high level perforn)ances, by Using a venue with
more professional feel throughout. For a more professional Style theatre, we Deeded to pick a show that was
going to be popular with audiences, as well as cast and s(xnething that we knew we could perforni to a high
standard to ensure we Can make the mosl of this opportunity - so we wiu be perfomiing in Gr¢ase in sun)mer
2025.
Page 3

StArburst Foundation
Trustees, Report
Application Division Report:
Objeclhw andacllvlde
The Applications Team primary objective is to receive. review and process appli¢ations for equipment for
children with special needs, disabilities and life limiting ¢ondiiions.
Our secondary obje¢tive is to raise awareDess in the wntnunity of appli¢atioDs funded (usin8 case studies) to
generate further applications.
The Ball & Events t¢am is a fornial sulFt¢4m. I￿)￿n￿ble to the StarbuN Foundation Commitl¢e, to raise funds
exclusively lo support applications for children. There is Currently no Fundraising Director so reports or¢
submitted to th¢ Committee thTOU8h th¢ Applications DIr￿lOr.
A¢hleveme#ts andperlormtTnce
During the reporting period we funded 8 applicalions with a t(rtal of £13,43&59 worth of items gifted lo the
organisation or child.
Beneficiary I Car Seat and Ipad for an individual child with Autism.
Beneficiary 2 Car Seat for an individual Child with Epilepsy and global delay.
SensoryTrlay equipment for a I¢xAI charity which runs piaywups and clubs for
Beneficiary 3 children with special needs and disabilities.
Sen8OryIPlay equipment for the SEN Department of a local School for their
Beneficiary 4 sensorylwellbeing cabin to support children with special needs.
Beneficiary 5 Wheelchair adaptations for an indiv1th￿l child with Cerebal Palsy.
Beneficiary 6 Wheelchair for an individual child with Cerebral Palsy.
Beneficiary 7 Special Needs Pushcbair for an iDdividual ¢hild with non-verbal autism.
Ipad, Communications App and Case for an indAvidua] child with Angelman
Beneficiary 8 Syndrome and Epilepsy.
£572.92
£813.61
£3.031.00
£1.663.07
£1994.00
£3,470.00
£979.00
£911.99
£13,435.59
FundralJin8
During the reporting year, a total of approxlmately £A703 was generated by events, or donatsd directly to
support the applicp4tions process. This included:
Money raised from ticket sales ￿d doDatiQDS at the Starburst Annual Bli& Ti¢ Charity Ball {O¢tob¢r 2023)
gave a profit of £2,252.59.
The Starburst christm￿ Fayre held in November 2023 raised £850;
Donations from local business. networks •nd members of th¢ public includ¢d £1376 IBerkshir¢
Fre¢masons):
Profit from front of bouse during StaTbutSt Foundation produ¢tions Nou8hty Nin¢ti¢s (July 2023) of £440
and Dick IVhittin8ton in December 2023 (£1.785).
Page 4

Starburst Foundation
Trustee8' R¢port
Theatre Academy Activities:
Objecllves ahdA¢llvllles
Starburst Theatre Academy (STA) is a musical theatre academy is b&8ed in Yaleley. The Academy aims to reach
out to vArious children including disadvantaged ¢hildren from dAfficult backwunds who would oot nornially
undertake the ￿5 due to domestic circumstances. It also aims to give high-quAIity training using professionally
trained teachers and working professionals. We embrac¢ all abilitie4 and promote the values of passion,
integrity, respecL respots8ibility. honesty and re8ili¢n¢¢ in all our Students.
We give students the opportunity to learn and develop skills in singing, acting and dancin& and lo ￿se these
kill$ ID an annual perforniante, as well as the opportunity to audition for roles in our own award-winnin8
shows, most notably the Fleet pantomime whicb the Starburst Theatre Division produce each year.
Our key aims going forward are to increase these numbers to ensure a constant strcfim of talent filters through
the Academy and into our theatre productlODS, and that the profits of this increase are used to benefit the
primary goal of the Foundation: to raise moncy for the equipment and support of disabled chilthn in thc local
are4 and to rdise funds for a Stsrburst Foundation that can house the needs of all our divisions.
To do this. we aim to:
Create an A￿demY MaTkeling s￿￿coMmIttee to increase our SOCi841 media and online presence. This will
be overseen by the Marketing Director and linked to the wider Foundation to ensure cohesion.
Restart our adult classes as these have not been possible since moving out of our Aldershot premises. Tap,
Jaz4 Ballet and Choir are current aveDues we wish to explor¢.
Sp¢ok to the local council rewding reaching out to underprivi1¢8ed children who would not usually be able
to access the orts and would benefit from a scholarship to the Academy.
Achlevements andperfornmnee
We have established the Academy at the new Starburst Studios in Yateley since September 2023, when the
studi05 opened. This allowcd us to shift the Social Media focus to the Su￿Ound1￿g towns and villages to Yateley
and we DQW have 31 children si￿ed up to atteDd weekly, ranging from 6 to 17 years of age.
We nm regular Social medial out reach via Instagram, Facebook wd TikTok, using weekly footsge and ¢ont¢n¢
creation by the teachers.
We are now in a robust position to move the ￿holarShip program forward.
We have a expanded pool of teachers $pecialisiDg ID Vocal. Drnma and donce disciplines.
Page 5

Starburst Foundation
Trustees, Report
Technieal Division Report:
ObJecdveJ ondAcilvld
Thc tcchnical division's primary objective i8 to provide central support for all technical activities to the wider
foundation. This may include providing the foundation-wide cloud and on-prernises Infr￿trUctUre to allow the
rest of the foundation to fulfil their objectives. maintaining and driving improvement of infrastructure and
proccsses, and tsking the lead on technical investment proposals for all departments.
The teclmical division has an objectiv¢ to maintsin and improve the foundation'5 operational 5¢¢urity and
efficiency in the technical domain.
The technical division h&8 an objective to maintsin operations of our hire services for both technical equipment
and c05tumcs, including id¢ntifyin8 appropriat¢ bir¢ rat¢s. d¢v¢lopiDg strat¢gi¢s. liaising with hir¢rs, and
managing payrnents.
The technical division h&8 an obJ¢¢tiv¢ to 8UPPQrt Li8htin& Sound AV, and Special FX provision for Theatre
and Academy division activiti¢s.
The technical division h&s an objective to liais¢ with the other directors lo coordinate th¢ timely release of
information. includin8 maintainin8 the foundation's portfolio of websites,
AChIeven￿llts andPerfornonce
Additionally identified routes for cosl r¢du¢lions on domain name renewals - these are currently in the process
of bein8 migrated. The new provider will also provide us with more security options for our various hosted
services.
Supported the design, installation, and maintenance of IT provision within Starburst Studios. including WiFi,
Offi¢e Pcs, TVS, Audio Systems, PriDters and security. CCTV procurement and installation still being worked
through with several external partners.
Currently spearheading a foundation-wide move to centralised IT infrastrncture in the fonn of Office 365,
allowin8 for more secure operatio￿, better data handlin& mana8em¢nL and governance. greater audit
pabilities, and user a¢¢ountability.
Tak¢n ownership of the hire of techni￿1 equipment and costumes from Pete Woodford. Working to revitalisc
ow pr￿esses, policies, operations and outrca¢h. L{￿king to tsrget the local schoolslclubs market with cheap
And local equipment hire to incre&8e equipment utilisation and cement our position as an cntity with a focu5 on
the community rather than just profit mar8itkq. Mosl recently, we have maDa8ed to raise nearly £700 from a 2
week hire of our wireless microphone syskm io a lo¢al s¢bool al0￿.
start￿ investigations to make use of Google-provided advertistng to promote our various divisions and
their activities. Also started on an SEO overbaul for our websltss to improve yeatch engille perfornmnce.
FlngDciAI review
PoU¢y on reserves
Current aad last updated Feb 2022.
Page 6

Starbllrst Foundation
Trustees, Report
Truste￿ and offi¢¢rs
The trnstees and officers serving during the year and since the year end were as follows:
Trustees:
L C Rowlinson (appointed 23 October 2024)
M G Gayi)or (appointed 23 October 2024)
M H Dunnage (appointed 15 February 2024)
J Pollock (appointed 10 August 2023)
H Ellsmore (appointed 10 August 2023)
T Mcwilliam (appointed 23 October 2024)
PM Woodford
G Jones (appointed 23 October 2024)
A B1￿y¢ki (appinted 10 Au8USt 2023)
ststemenl of truste￿, rupoDJibilltkJ
The trust¢¢s (who are also the diredors of Starburst Foundation for the purp05cs of company law) are
responsible for pr¢parin8 the trustees, report and the fmancial statements in accordance with applicable law and
United Kingdom A¢countin8 Standards (United Kingdom GeDerally ArK¢pt¢d Accounting Practice), iDcluding
FRS 102 "The Financial R¢portiD8 Standard applicable in the UK gnd Republic of IreiaDd"
Company law requires th¢ trustees to prepare financial statements for each fmanciaj year. Under company law
the trnstees must not approv¢ the financial staternents unless they are satisfied that they give a true and fair view
of the state of affairs of the charitable company and of the incoming resources and application of resources,
includlng its income and expenditure. of the ¢haritsbl¢ ¢ompany for that period. In preparing these fuwicial
statements, the In￿te¢S are required to:
select suitsble accounting ￿)11¢1¢$ and apply th¢m ¢onsistentlyi
observe the metho&8 and principles in the Clwiti¢s SORP:
make judsem¢nts and estimates that are reasonable and PTud¢nt;
state whether applicable accounting standards, comprising FRS 102 have been followed subj¢rt to any
material d¢partur¢8 disclosed and explained ID the fman¢ial slatements; and
prepare the financial Statements on the going ¢on¢ern basis unless it is inappropriate to presume that the
¢harilabl¢ company will ¢ontinu¢ in busine5S.
The trustees are responsible for keeping proper accounting records thal can disclose with reasonable accuracy al
any time the fmancial p)sition of the charitable company and enable them to ensure that the fmancial statements
comply with the Companies Act 2006. They are also responsible for safrguarding the assets of the ch￿Itable
company and hence for tsking reasonable steps for the prevention and detection of fraud and oth¢r irre8ulaTities.
The trustees are responsible for the maintenance ond integrity of the corporate and fman¢ial inforniation
in¢luded on the charitable company's website. Legislation governing the preparation and dissemination of
rllMDcial ststements may differ from legislation in other jurisdictions.
Page 7

Starburst Foundation
Trustees, Report
The annual report Wa5 approved by the trustee5 of the charity on 23 November 2024 and Signed on its behalf by:
T Mcwilliam
Truste¢
PM Woodford
Tru5te¢
Page 8

Starburst Foundation
Independent Examiner's Report to the trustees of Starburst Foundation ('th¢
Company,)
I report to thc charity trustees on my examination of the accounts of the Company for the year ended 29
February 2024.
Responsibilities and bagis of report
As the charity's trustee5 of the Company (and also its directors for the PUTposes of company law) you are
responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006
('the 2006 A¢t').
Having s*isfied myself that the accounts of the Company are not required to be audited under Part 16 of the
2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's
accounts as CWTied oul under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my
examination I have followed the Dir¢ctii)ns given by the Charity Commission under section 145<5Xb) of the
2011 Act.
Independent examiner's Statement
I have completed my examination. I confum that no matt¢rs have eome to my attention in connKtion with the
examination giving m¢ ¢ause lo believe:
l. accounting records were not k¢pt in respect of Starburst Foundation as required by seeiion 386 of the 2(M)6
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than
any Tequiremeni that the accounls give a 'true and fair view, which is not a matter considered as part ol an
independent examination; or
4. the accounts have not been prepared in accordan¢e with the methods and principles of the Statement of
Recommended Practice for accounting and reporting by charities lapplicable (o Charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102)].
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 propcr understanding of the accounts to be reached.
Charlotte Ryan Bsc ACA
Stewart & Co Accountanis LLP
Knoll House
Knoll Road
Camberley
Surrey
GU15 3SY
23 November 2024
Page 9

Starburst Foundation
Statement of Financial Activities for the Year Ended 29 February 2024
Uncluding In¢om¢ and Expenditure Aceount and Statement of Total Recognised GaiDS
and Losses)
Unrestricted
funds
Restricted
funds
TotAI
2024
Note
lttcome and Endovrnients from:
Donations and legacic$
Charitable activities
Investment income
8,338
126.159
89
38.473
46.811
126,159
89
Total income
134586
38,473
l73.059
Expenditure on:
Charitsble activities
177.61
Total expenditure
N¢t (expenditureyincome
Net movement ill funds
172,165
5,452
177.617
(37,579)
33,021
(4,558)
RecoDclllatlon of fuDdJ
Total funds brought forward
Total fim(Ls ¢WTied fonvard
86,851
86.851
15
49,272
33.021
UDrestrlcted
fuDd*
82,293
Totsl
2023
Note
In¢ome #Dd EndoY4ments from:
Donations and legacies
Charitable activities
Investment inc(￿¢
5,600
129,673
17
5,600
129,673
17
Total income
135,290
Expenditure on:
ch￿ilable activities
Totsl expenditure
Net income
100.145
IQO.145
35.145
35,145
Net mov¢m¢nt in funds
35,145
35,145
ReconciliatloD of fuDdg
Total fimds brougbt forward
51.706
51.706
Total funds carried forward
15
86.851
86,851
All of the ¢lwity's activities derive from conttDuiDg operations during the aEM)ve two periods.
Th¢ funds breakdown for 2023 is shown in nole 15.
The notes on page5 12 to 19 forni an integral part of these f￿AnCial statements.
Page 10

Starburst Foundation
(RegistratlOD number: 7966258)
Balance Sheet ¥45 at 29 February 2024
2024
2023
Note
Flxed asselj
Tangible assets
60,338
Current assets
t￿￿orS
Cash at bank and in hand
12
13
8,037
20,593
28,630
33,822
54,675
88,497
Credl¢ors: Amounts falling due within one year
14
6,675
1,646
Net eurrent assets
21,955
86,851
Net ojsets
82,293
86.851
Fund$ of th¢ eharity:
Re5trleled Intome funds
Restricted funds
33,021
Unrestrlcted Income funds
Unrestricted funds
49,272
86,851
Tolal funds
15
86,851
For the financial year ending 29 Febnwy 2024 the charity was entitled to exemption from audit under section
477 of the Companies Act 2006 relating to small companies.
Directors, responsibilities:
The members have not required the chority io obtain an audit of its accounts for the year in question in
accordance with section 476.. and
The directors acknowledge their responsibilities for complying with the requiremenls of the Act with respect
to accounting records and the preparalion of a¢¢ounts.
The fmancial statements on pages 10 to 19 were approved by the trustees, and authorised for issue on 23
November 2024 and signed on their behalf by:
PM Woodford
Trustee
The notes on pages 12 to 19 forni an integral part of these fmancial statements.
Pagell

Starburst Foundation
Notes to the Financial Statements for the Year Ended 29 February 2024
I Charity Statuj
The charity is limited by guar&ntee, incorporated in , and consequently does not bave share capital. Each of the
trustces 15 liable to contribute an amount not cxcecding £Nil toward5 the assets of the charity in thc evcnt of
liquidation.
The address of its registered office is:
Starburst Studios, Old Sthool Lan¢
Yateley
GU46 6NG
Th¢$¢ fmancial ststements were authorised for issue by the trustee$ ott 23 November 2024.
2 A¢couDtIDg pollcles
Svmrn•ry of sl8nlll¢ant ae¢ountln8 pollclts and key accountlng e8tlmates
The principal accounting policies applied in the preparation of these fmancial statements are set out below.
These policies bave beell consistently applied to all the years presente4 unless othenvise slated.
Statem¢Dt ofcompllan¢¢
The fmancial statements have been prepared in accordance with Accounting and Reporting by Charities:
Statement of Recommended Prnctice (applicable to clwities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019>
- (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102) and the Companies Act 2006.
Bmts of preparatloll
Stsrburst Foundation me¢ts the definition of a public benefit entity under FRS 102. Assets and liabilities are
initially reCogni￿d at historical cosl or traDsaction valu¢ unless oth¢nvise stated in th¢ relevant ac¢ountin8
policy notes.
Going coneern
The In￿leeS consider that there are no material uncertainties about the charity's ability to continue as a going
n¢ern nor any Si￿lficant areas of uncertainty that affect the carrying value of assets beld by the charity.
IDtome and endowments
All income is recognised once the charity has entitlement to the income, it is probable that the income will be
received and the amount of the income receivable can be measured reliably.
l)onfjllons and legacles
Donations are only included ID the SOFA when the geDeral income recognition criteria are met.
Grants reeelvoble
Grants are recognised when the charity has an enlitlement to the funds and any conditions linked to the grants
have been met. Where perforniance conditions are attacbed lo the ￿t and are yet to be mel the income is
recognised as a liability and included on the balance sbeet as deferred income lo be released
Page 12

Starburst Foundation
Notes to the Financial Statements for the Year Ended 29 February 2024
Inves1n￿nff Incon
This is inclu(kd in the a¢couDts when ￿elpt is probable, and the amount receivable ¢an be measured reliably.
Expendlture
Expenditure is accounted for on an accruals basis and Iw been ¢1￿$]ried under headings that aggregate all cost
related to the ¢ate80ry.
Ch4rllable acilvlrfles
Charitable expenditure Comprises those costs incurred by the charity in th¢ delivery of its activities and services
for its beneficiaries. It iocludes both costs that can be allocaled directly to such activities and those costs of an
indirect nalure necessary to support them.
Support costs
Support costs include central fimctions and have been allocated to activity cost Categories on a basis consistent
w3th the use of resour¢¢s, for example, allocating property costs by floor are￿, or per capita, staff costs by the
time Spent and other costs by th¢ir usage.
Government grants
Government ￿lts are recognised based on the accrual model and are measured at th¢ fair value of the asset
received or receivable. Grants are Classified as relating either to revenue or to assets. Grants relating to revenue
ar¢ rKo8nised in income over the period in which th¢ related costs are reCo￿lS¢d. Grants relating to assets are
recogni￿d over the expected useful life of the asset. Wber¢ part of a grant relating to an uset is d¢ferre(L it IS
recognised os deferred income.
Taxitlon
The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and
therefore it meets the deflljilion of a charitttble Company for UK cory)oration tsx purposes. Accordingly. the
Iwity IS Potentially exempt from tsxation in respe¢t of income or capital gains received within categories
overcd by Chapter 3 Part I l of the Corporntion Tax Act 2010 or Section 256 of the Taxation of Chargeable
GaiDS 1992, to the extent that such income or gains are applied exclusively lo Ch￿itable purposes.
TaDglbk Ilxed assets
All assets costing more than £200 are capitsli3ed and valued at historical Cost.
Depreelatlon and amortballon
Depreciation is provided on tangible fLxed assets so as to write off the cost or Valuatio￿ less any estimated
residual value, over their expected useful economic life as follows:
Asset elass
IKasehold improvements
Fixtures and fittings
Depreelatlon method and rale
IOO/o straight line
25Yo reducing balance
Trade debtors
Trade debtors are amounts due from customers for mercbandise sold or services perfoTtned in the ordinary
course of businc5S.
Page 13

Starburst Foundation
Notes to the Financial SlatemeDts for the Year Ended 29 February 2024
Cash and equfvalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-tenn knghty Ilquid
investments that are readily convertible lo a known amount of cash and are subject to an insignificant risk of
change An value.
Trade eredltors
Creditors are recognised where the Charity h&8 a present obligation resulting from a post event that will probably
result in the transfer of fimd8 to a third party and the 8mount due to settle the obligation ¢an be me&sur¢d or
egtimated reliably.
Fvnd strncture
Unr¢strict¢d incom¢ funds are general funds that are availabl¢ for us¢ at the trustee5 discretion in furtherance of
the obJ￿tIveS of the ¢h8rity.
Kestricted Il￿dS can only be u8¢d for pArti¢ulw r¢stri¢t¢d purposes within th¢ objects of the charity. Restrictions
arise wh¢n sp¢¢ified by th¢ donor or when fi￿d$ are raised for p8rti¢ular restricted purposes.
3 ltt¢ome from donatlons and legackJ
UDr¢glrl¢ted
nds
Gen¢r41
Reitrlded
runds
Totsl
2024
Total
2023
Donations and legacies.
Donations from individuals
Grants, in¢ludin8 capital grants;
Government grants
8,338
30.973
39,311
5,600
8,338
38.473
46,811
5,600
4 Incom¢ frow ¢harltabl¢ adlvltks
Unrestrlcted
fundy
General
Total
2024
Total
2023
Show incom¢
Academy income
Ball income
Services income
88.210
17,520
7,857
12,572
88,210
17,520
7,857
12,572
97,033
15.153
9.311
126,159
126.159
129,673
Page 14

Starburst Foundation
Notes to the Financial Statements for the Year Ended 29 Febrnary 2024
5 Inveytment Income
Unrestrict
fund$
G¢D¢rg1
Total
2024
Total
2023
Interest receivable and Similar income;
Interest receivable on bank deposits
89
89
17
In 2023 all of the inveslmeDt income related to unrestricted fuDds.
6 Expendlture on charltabk a¢tlvili
Unr¢slrlded
funds
General
Restrleted
funds
Total
2024
Totsl
2023
Direcl charitable eX￿ndIt￿re
Allocated support C08ts
151,626
5,452
157,078
20,539
85.729
14,416
172,165
5.452
177,617
100,145
Unrutrlcted
Ibnds
General
Regtrleted
funds
Totsl
2024
Total
2023
Dlreet ¢xpeDdllur¢
Show expenditure
Venue hire
Teaching fees
Ball expeodilure
Other direct expenses
Academy expe￿¢$
Promotion and advertising
Light and heat for studio
104,966
4,071
12,255
4,210
14,585
2,121
251
104,966
9,523
12255
4,210
14,585
2.121
251
9,167
48,714
9,771
,597
983
11.782
996
4,886
5,452
151,626
5.452
157,078
85,729
Page 15

Starburst Foundation
Notes to the Flnaneial Statements for the Year Ended 29 February 2024
Unrestricted
funds
General
Totsl
2024
Total
2023
Support costs
Insurdnce
Post and stationery
Travel Costs
Repairs and renewals
Storage Costs
Sub5CriPtions
Training costs
Computer costs
Sundry expenses
Bank Charges
Depreciation
Accounts fee
tndependant examiner fee
Lega] fees
1,906
36
1,906
36
1,806
120
637
152
2.418
507
392
2,730
13
610
5,806
2,719
532
5,806
2,719
532
401
197
587
108
2.220
1.980
4,047
401
197
587
108
2,220
1,980
4,047
5,031
20,539
20,539
14,416
7 Net Incomlnwoutgolnz resoureej
Net (out8oin8yin¢omin8 resources for the year include:
2024
2023
lThdependant examiners fe¢
2,220
5,031
8 Trujtees remuneration and expenses
No tru5tces, nor any persons comiected with them. bave received any remuneration from the charity durtn8 the
No tsIL8tees have received any reimbursed expenses from th¢ ¢lwity durin8 the year.
9 StAff coyts
There were no employ¢¢s during the year
Therefore no ¢mploy¢e received emoluments of more £60,(XJO during the year.
AO TAi*tlon
The charity is a registered charity and is therefore ex¢mpt from tsxation.
Page 16

Starburst Foundation
Notes to the Ffinancfial Statements for the Year Ended 29 Febrwary 2024
11 Tangibk fixed a￿ets
Leasebold
Improvements
Furnllure and
equipment
Total
Cojt
Additions
60,015
431
60,446
At 29 Febw 2024
60,015
431
(JO,446
Deprttlatlon
Cbar8e for the y
At 29 February 2024
108
108
108
108
Net book valu¢
At 29 February 2024
60,015
323
60,338
12 Debtorj
2024
2023
Trnde debtors
33.822
13 Casb aDd eajh equlvalents
2024
2023
Cash at bank
20,593
54,675
14 Credltors: amounts fallln8 due wlthln ooe year
2024
2023
Trade creditors
1,646
6,675
6.675
1,646
Page 17

Starburst Foundation
Notes to the Financial Statements for the Year Ended 29 Febrnary 2024
IS Funds
Balance gt I
March 2023
ltteomkng
resources
Resources
expended
Balanee Al 29
February 2024
UDMtrieted fundi
General
StudAO renovation
Rent of premesis
Restrlcted funds
86.851
134.586
12,876
25597
172, 165
49272
12.876
38473
Tolal fundj
86.851
173,059
177,617
82,293
Balall¢e al I
Mar¢h 2022
IDeomlD8
ruour¢es
Resour¢¢J
expend¢d
BalaDee at 28
February 2023
UDreJtrl¢ted funds
General
51,706
135,290
100,145
86.851
16 Analyslj of Det ajsets between thndj
UDres(rlcted
Dds
General
Totsl funds at
29 February
2024
Restrleted
fundj
Tangible r￿ed assets
Current assets
Current liabilities
39.962
15.985
6,675
20,376
12,645
60,338
28,630
6,675
Total net assets
49.272
82,293
UDrestrleted
fundg
General
Total thnds at
28 February
2023
Current assets
Cuttent liabilities
88,497
1,646
88,497
1,646
Total net a53ets
86,851
86,851
Page 18

Starburst Foundation
Notes to the Financial Statements for the Year Ended 29 February 2024
17 Analysis of net funds
At29
F¢bruary
2024
At l Mareh
2023
FhDancSng Cash
nows
Cash at bank and in Iwid
54,675
34,082
20,593
Net debt
54,675
(34,082)
20,593
At28
February
2023
At l M4r¢b
2022
FlnaDcID8
Ilows
Cash at bank and in hand
54,147
528
54,675
N¢t debt
54,147
528
54.675
Page 19

Stsrbunt Foundation
Detailed Statement of Finan¢ial Aetivities for the Year Ended 29 Febrnary 2024
Total
2024
Total
2023
Income and Endowments from:
Donations and l¢ga¢ies
Grants. includmg capital grants
Show income
Academy income
Ball income
Services income
Bank int¢r¢$t
39,311
7.500
88.210
17,520
7.857
12,572
89
97,033
15.153
9,311
8,176
17
Total income
173.059
135,290
Expendlture OD:
Show expenditure
Venue hir¢
Teaching fees
Ball expenditure
Other direct expenses
Academy expense5
Promotion and advertising
Light and heat for studio
A110¢8t¢d support Costs (see below)
Total expendittwe
Net (expendittweyincome
(I04,966)
(9.523)
(12,255)
(4,210)
(14,585)
(2,121)
(251)
(9,167)
20,539
{48,714)
(9,771)
(8,597)
(983>
(11,782)
(996)
(4,886)
14,416
177.617
100,145
Net movement in fimds
(4,558)
35,145
Reeonclllation of fund•
Total funds brought forward
Total fimds carried foThvard
86,851
51,706
86.851
This page does not forni part of the statutory financial ststements.
Page 20

Starburst Foundation
Detailed Statement of Financial Activities for the Year Endcd 29 February 2024
Total
2024
Tot41
2023
Allocaledswporl cosls
{1,906)
(36)
(1,806)
{120)
(637)
(152)
(2.418)
(507)
(392)
{2,730)
(13)
<610)
Post and slationery
Travel costs
Repairs ond renewals
Storage costs
Subscriptions
Training Costs
Computer costs
Sundry expenses
Bank char8e$
D¢preciation
A¢wunts f
Independant eX￿iner fee
Legal ftts
(5,806)
(2.719)
(532)
(401)
(197)
(587)
(108)
(2,220)
(1,980)
4.047
(5.031)
20.539
14,416
This page does not fonn part of the statutory financial statements.
Page21