**Registered number: 08536549 Charity number: 1153928** **STAR TRUST (EAST MIDLANDS) LIMITED (A company limited by guarantee)** ## **UNAUDITED** **TRUSTEES' REPORT AND FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 OCTOBER 2025** ## **STAR TRUST (EAST MIDLANDS) LIMITED** ## **(A company limited by guarantee)** |**CONTENTS**|| |---|---| ||Page| |**Reference and administrative details of the charity, its trustees and advisers**|1| |**Trustees' report**|2 - 4| |**Independent examiner's report**|5| |**Statement of financial activities**|6| |**Balance sheet**|7| |**Notes to the financial statements**|8 - 14| ## **STAR TRUST (EAST MIDLANDS) LIMITED (A company limited by guarantee)** ## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 OCTOBER 2025** |**Trustees**|L Cawdron| |---|---| ||S Hampson| ||S Warren| |**Company registered**|| |**number**|08536549| |**Charity registered**|| |**number**|1153928| |**Registered office**|Tower House| ||Lucy Tower Street| ||Lincoln| ||LN1 1XW| |**Company secretary**|S Hampson| |**Accountants**|Streets LLP| ||Chartered Accountants| ||Tower House| ||Lucy Tower Street| ||Lincoln| ||LN1 1XW| Page 1 **STAR TRUST (EAST MIDLANDS) LIMITED (A company limited by guarantee)** ## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 OCTOBER 2025** The trustees present their annual report together with the financial statements of the charity for the year 1 November 2024 to 31 October 2025. The trustees confirm that the Annual Report and financial statements of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). Since the charity qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is not required. ## **Structure and governance** The Star Trust (East Midlands) Limited is an incorporated charity established under the Articles of Association. The company is limited by guarantee and has no share capital. The trustees during the year and at 31 October 2025 were: L Cawdron S Hampson S Warren Trustees will be recruited as and when required by the continuing trustees by way of personal invitation. The trustees are mindful of their duties in connection with the induction and training of new trustees and would follow the guidelines set down by the Charity Commission. New trustees would be referred to the Charity Commission website. They would be given copies of previous period’s accounts prior to their attendance at a trustees’ meeting and the founders would provide a background briefing and be available to answer any questions. The trustees have the ability to invest funds as set out in the Articles of Association. ## **Objectives and activities** Star Trust (East Midlands) Ltd is a charity based in the East Midlands, run by local business owners and entrepreneurs, which support good causes across the region. Using our members' business expertise and commercial initiative, we hold events throughout the year to raise money for locally-run charities that can often struggle to secure public donations, simply because they lack the profile of national organisations. The trustees shall hold the capital and income of the trust fund upon trust and make donations to such charitable institution or institutions at such time or times and in such manners as to achieve the charity objectives. The trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the charity’s aims and objectives and in planning future activities and setting the grant making policy for the period. ## **Grants policy** The trustees have a general policy of seeking to support local charities which benefit the Derbyshire, Nottinghamshire, Leicestershire, Lincolnshire and Rutland area so far as possible although this is not an exclusive policy. The trustees are prepared to consider national appeals if they feel that these have real merit. However, generally the trustees would want to see a strong link to the local communities in the East Midlands. Page 2 **STAR TRUST (EAST MIDLANDS) LIMITED (A company limited by guarantee)** ## **TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 OCTOBER 2025** ## **Financial review and future activities** Income in the year amounted to £170,913 and is almost entirely comprised of tickets, pledges, raffle and auction proceeds from the fundraising events held during the year. Past and future events can be found on our website. Income is recorded as restricted where events are held for a specific cause. Details of donations paid are included in the notes to the accounts. The donations were to causes that the trustees felt were worthy of supporting and which fulfilled the objectives of the charity. Income exceeded resources expended by £16,251. At 31 October 2025 the net assets of the charity were £112,292. ## **Taxation** Star Trust (East Midlands) Limited is a registered charity and as such is exempt from taxation on its income and gains to the extent that they are applied to its charitable purposes. ## **Going Concern** After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. ## **Reserves policy** The trustees are committed to donating the net income of the charity over the medium term. The charity maintains sufficient reserves to continue to operate in the furtherance of its charitable objectives. The trustees aim to hold reserves of approximately £20,000. ## **Risk assessment** The trustees have carried out an overall risk assessment to identify the risks associated with the operations of the charity and, where appropriate, have introduced controls and safeguards to minimise the effects of those risks. Page 3 STAR TRUST {EAST MIDLANDS) LIMITED (A company Ilmlted by guawantee) TRUSTEES. REPORT lconlinuedl FOR THE YEAR ENDED 31 OCTOBER 2025 Trustees, Respon51bllltles Statemenl The Iruslees (who are also directors ol Slar Trust (Easl Midlands) Limited lor lh8 purposes ol company lawl are responsible lor preparing the Iruslees, r¢FxJrt and the financial slalements in accordance with applicable law arKI United Kingclom Accounlillg Siandards (United Kingdom Generally Accepted Accounting praCt￿e). Company law requires the twslges to PTepaYe financial slalements lor each financial year. Under company law the Iruslees musl not appTtsve Ihg financial slal8monts unl&ss they are 5alislied thai they give a true and lair view ol the slate ol allairs ol Ihe charitable company and ol ihfy incoming resources and application ol resourcos, including th8 income and oxpenditure, ol the charitable company lor that pe¥iod. In prepaiing Ihesg linanclal slalemènls, th8 trusleas are required to: select suitable accounling wlicies and then a4¥Jly them consislenily.. obs9TVe Ihtr melhods and principles in the Charilios SOFIP.. make judgments and accounling estimates that are reasonabbg a￿1 prudent.. prepare the financial sta16menls on the going conc8m basis unloss il Is inapproprial8 lo prosume that thè charitable company will conlinue in operation. The Iru818es are responslble lor keeping adequate accounling records Ihal are sullicignl 10 show and explain tho charitabl& companls transactions and disclose with reasonable accuracy ai any IIM9 Ihe financial position ol the chariiable Gompany ard gnable them lo ensuTe that Iho linancial slatemenls cornply with tho Companies Act 2006. They are also responsible lor safeguarding Ihe assets ol Ihe charilable company and hence lor taking reasonable steps lor the prevenlDn arKI deleclK)n ol Iraud and olher irrewlarilies. Small Company Provlslons This report has betrn prepargd in a¢cordance wilh Ihe provisions ap￿Icable 10 ¢ompanles entitled lo tho srnall ¢ompanies exemption. Th18 report was approved by the Ir s on 1810512026 and svJned on their bghall by: S Hamp$on Trustee Page 4 ``` STAR TRUST (EAST MIDLANDS) LIMITED (A company limited by guarantee) ``` ## **`INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 OCTOBER 2025`** ## **`INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF STAR TRUST (EAST MIDLANDS) LIMITED (the 'charity')`** I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 October 2025. This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. 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 an Independent examiner's 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 or for this report. ## **`RESPONSIBILITIES AND BASIS OF REPORT`** As the trustees of the charity (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the charity 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 the charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **`INDEPENDENT EXAMINER'S STATEMENT`** I have completed my examination. I can confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or 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 requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to 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 proper understanding of the accounts to be reached. Signed: Dated: 19/05/2026 Robert Anderson FCA Streets LLP Tower House Lucy Tower Street Lincoln LN1 1XW Page 5 ## **`STAR TRUST (EAST MIDLANDS) LIMITED`** ## **`(A company limited by guarantee)`** ## **`STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 OCTOBER 2025`** |**`Unrestricted`**
**`funds`**
**`Note`**
**`2025`**
**`£`**
**`INCOME FROM:`**
Other trading activities:
Fundraising
2
**`170,913`**
**`TOTAL INCOME`**
**`170,913`**
**`EXPENDITURE ON:`**
Raising funds
4
**`79,179`**
Charitable activities
**`75,483`**
**`TOTAL EXPENDITURE`**
3
**`154,662`**
**`NET INCOME BEFORE OTHER RECOGNISED GAINS AND`**
**`LOSSES`**
**`16,251`**
**`NET MOVEMENT IN FUNDS`**
**`16,251`**

**`RECONCILIATION OF FUNDS:`**
Total funds brought forward
**`96,041`**
**`TOTAL FUNDS CARRIED FORWARD`**
**`112,292`**|**`Total`**
**`funds`**
**`2025`**
**`£`**
**`170,913`**
**`170,913`**
**`79,179`**
**`75,483`**
**`154,662`**
**`16,251`**
**`16,251`**
**`96,041`**
**`112,292`**|_Total_
_funds_
_2024_
_£_
_171,170_| |---|---|---| |||_171,170_| |||_59,623_
_82,859_| |||_142,482_| |||_28,688_
_28,688_
_67,353_| |||_96,041_| The notes on pages 8 to 14 form part of these financial statements. Page 6 STAR TRUST (EAST IqIDLANDSI LIMITED {A company limlted by guarantee) REGISTERED NUMBER: 08536549 8ALANCE SHEET AS AT 31 OCTOBER 2025 2025 2024 Note CURRENT ASSETS Debtors Cash al bank and in hand 14,457 88,654 108,660 116.740 101,111 CREDITORS: amounls lalllng ¢Jue wthin one year (4N481 f5,070) NET CURREKf ASSETS 112,292 96,041 NET ASSETS 112,292 96,041 CHARITY FUNDS Unrg$irScled funds io 112,292 96,041 TOTAL FUNDS 112,282 96,041 The charllvs financial slalem8nls have yepared in a0￿rdar￿8 wlh the provlsions applicable lo companies subject lo Ihe small companies regirne. Thg Iruslges consider that the charity is enlilled lo exempllon from the roquiromenl lo have an audit under Ihe provlsions ol section 477 01 the Companies Act 20061.the Acl'} and members have not required the charity lo oblaln an audit lor th¢ year in queslSon in attordancg with sectkjn 476 01 the Acl. Th8 trustèès acknowledge Ih¢ir responsibilities lor complw'ng wr(h the requirements ol the CoThpanies A¢1 2006 wlih respect lo a¢eounling records and the preparation ol financial slalemenl8. The financial slatemonts were roved and authorlsed lor issue by ihe Iruslges on 1810512026 and signed on heir behalf S Hampson Tiuslee The notes on pages 8 10 14 form part ol these financial statements. Page 7 ``` STAR TRUST (EAST MIDLANDS) LIMITED (A company limited by guarantee) ``` ## **`NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025`** ## **`1. ACCOUNTING POLICIES`** ## **`1.1 Basis of preparation of financial statements`** ``` 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 Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. ``` ``` Star Trust (East Midlands) Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. ``` ## **`1.2 Company status`** ``` The charity is a company limited by guarantee. The members of the company are the trustees named on page 1. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity. ``` ## **`1.3 Income`** ``` 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 income receivable can be measured reliably. ``` ``` Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service. ``` ## **`1.4 Expenditure`** ``` Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. ``` ``` Costs of raising funds are the direct costs incurred in putting on the fundraising events put on by the charity. ``` ``` Charitable activities and Governance costs are costs incurred on the charity's operations, including support costs and costs relating to the governance of the charity apportioned to charitable activities. ``` ``` Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure. ``` ## **`1.5 Debtors`** ``` Other debtors are recognised at the settlement amount after any discount offered. Prepayments are valued at the amount prepaid. ``` ``` Page 8 ``` ## **`STAR TRUST (EAST MIDLANDS) LIMITED (A company limited by guarantee)`** ## **`NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025`** ## **`1. ACCOUNTING POLICIES (continued)`** ## **`1.6 Cash at Bank`** ``` Cash at bank represents cash held in current account facilities. ``` ## **`1.7 Liabilities`** ``` Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. ``` ## **`1.8 Financial instruments`** ``` The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. ``` ## **`1.9 Fund accounting`** ``` General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. ``` ## **`2. FUNDRAISING INCOME`** |**`Unrestricted`**
**`funds`**
**`2025`**
**`£`**
`Fundraising events`
**`170,913`**
_Total 2024_
_171,170_|**`Total`**
**`funds`**
**`2025`**
**`£`**
**`170,913`**
_171,170_|_Total_
_funds_
_2024_
_£_
_171,170_| |---|---|---| |||| ``` Page 9 ``` ## **`STAR TRUST (EAST MIDLANDS) LIMITED`** ## **`(A company limited by guarantee)`** ## **`NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025`** ## **`3. ANALYSIS OF EXPENDITURE BY EXPENDITURE TYPE`** |**`Other costs`**
**`2025`**
**`£`**
`Expenditure on raising voluntary income`
**`79,179`**
**`Costs of raising funds`**
**`79,179`**
`Charitable activities`
**`75,483`**
**`154,662`**
_Total 2024_
_142,482_
**`4.`**
**`COSTS OF RAISING FUNDS`**
**`Unrestricted`**
**`funds`**
**`2025`**
**`£`**
`Fundraising costs incurred`
**`79,179`**
_Total 2024_
_59,623_|**`Total`**
**`2025`**
**`£`**
**`79,179`**
**`79,179`**
**`75,483`**
**`154,662`**
_142,482_
**`Total`**
**`funds`**
**`2025`**
**`£`**
**`79,179`**
_59,623_|_Total_
_2024_
_£_
_59,623_
_59,623_
_82,859_
_142,482_| |---|---|---| |||_Total_
_funds_
_2024_
_£_
_59,623_| |||| ``` Page 10 ``` ## **`STAR TRUST (EAST MIDLANDS) LIMITED (A company limited by guarantee)`** ## **`NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025`** ## **`5. ANALYSIS OF GRANTS`** |**`ANALYSIS OF GRANTS`**||||| |---|---|---|---|---| |`Grants to organisations`
_Total 2024_
`Zephyrs Charity Donation`
`Whitehead Foundation Donation`
`The Lenton Centre Donation`
`PHAB Donation`
`Headway Derby Donation`
`Glossop & District VB Donation`
`LCH Charity Donation`
`Footprints Charity Donation`
`Rebuild East Mids Charity Donation`
`Safe & Sound Donation`
`Stonebridge Farm Charity Donation`
`Epic Partners Charity Donation`
`Total`|**`Grants to`**
**`Institutions`**
**`2025`**
**`£`**
**`63,757`**
_66,374_|**`Total`**
**`2025`**
**`£`**
**`63,757`**
_66,374_
||_Total_
_2024_
_£_
_66,374_| |||||**`2025`**
**`£`**
**`5,000`**
**`5,000`**
**`2,797`**
**`4,500`**
**`7,631`**
**`2,000`**
**`2,000`**
**`4,987`**
**`8,182`**
**`9,460`**
**`5,000`**
**`7,200`**| |||||| |||||| |||||**`63,757`**| ## **`6. SUPPORT COSTS`** |`Accountancy`
`Other costs`
`Bank charges`
_Total 2024_|**`Total`**
**`2021`**
**`£`**
**`1,320`**
**`10,106`**
**`300`**
**`11,726`**
_16,485_|_Total_
_2024_
_£_
_1,200_
_14,415_
_870_
_16,485_| |---|---|---| |||| ``` Page 11 ``` ## **`STAR TRUST (EAST MIDLANDS) LIMITED (A company limited by guarantee)`** ## **`NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025`** ## **`7. NET INCOME/(EXPENDITURE)`** ``` This is stated after charging: ``` |**`2025`**
**`£`**
`Independent examination costs`
**`1,320`**
`During the year, no trustees received any remuneration (2024 - £NIL).`
`During the year, no trustees received any benefits in kind (2024 - £NIL).`
`During the year, no trustees received any reimbursement of expenses (2024 - £NIL).`|_2024_
_£_
_1,200_| |---|---| ||| ## **`8. DEBTORS`** |`Other debtors`
**`9.`**
**`CREDITORS: Amounts falling due within one year`**
`Trade creditors`
`Accruals and deferred income`|**`2025`**
**`£`**
**`8,080`**
**`2025`**
**`£`**
**`1,928`**
**`2,520`**
**`4,448`**|_2024_
_£_
_14,457_| |---|---|---| |||_2024_
_£_
_2,570_
_2,500_| |||_5,070_| ``` Deferred income at the 2025 year end was £nil (2024 - £nil). ``` ``` Page 12 ``` ## **`STAR TRUST (EAST MIDLANDS) LIMITED`** ## **`(A company limited by guarantee)`** ## **`NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025`** ## **`10. STATEMENT OF FUNDS`** ## **`STATEMENT OF FUNDS - CURRENT YEAR`** |**`Balance at`**
**`1 November`**
**`2024`**
**`£`**
**`Unrestricted funds`**
`General Funds`
**`96,041`**
**`STATEMENT OF FUNDS - PRIOR YEAR`**
_Balance at_
_1 November_
_2023_
_£_
`General Funds`
_67,353_
`Total of funds`
_67,353_
**`SUMMARY OF FUNDS - CURRENT YEAR`**
**`Balance at`**
**`1 November`**
**`2024`**
**`£`**
`General funds`
**`96,041`**
**`SUMMARY OF FUNDS - PRIOR YEAR`**
_Balance at_
_1 November_
_2023_
_£_
`General funds`
_67,353_|**`Income Expenditure`**
**`£`**
**`£`**
**`170,913`**
**`(154,662)`**
_Income_
_Expenditure_
_£_
_£_
_171,170_
_(142,482)_
_171,170_
_(142,482)_
**`Income Expenditure`**
**`£`**
**`£`**
**`170,913`**
**`(154,662)`**
_Income_
_Expenditure_
_£_
_£_
_171,170_
_(142,482)_|**`Balance at`**
**`31 October`**
**`2025`**
**`£`**
**`112,292`**
_Balance at_
_31 October_
_2024_
_£_
_96,041_
_96,041_
**`Balance at`**
**`31 October`**
**`2025`**
**`£`**
**`112,292`**
_Balance at_
_31 October_
_2024_
_£_
_96,041_| |---|---|---| ``` Page 13 ``` ## **`STAR TRUST (EAST MIDLANDS) LIMITED (A company limited by guarantee)`** ## **`NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025`** ## **`11. ANALYSIS OF NET ASSETS BETWEEN FUNDS`** ## **`ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR`** |**`Unrestricted`**
**`funds`**
**`2025`**
**`£`**
`Current assets`
**`116,740`**
`Creditors due within one year`
**`(4,448)`**
**`112,292`**
**`ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR`**
_Unrestricted_
_funds_
_2024_
_£_
`Current assets`
_101,111_
`Creditors due within one year`
_(5,070)_
_96,041_|**`Total`**
**`funds`**
**`2025`**
**`£`**
**`116,740`**
**`(4,448)`**
**`112,292`**
_Total_
_funds_
_2024_
_£_
_101,111_
_(5,070)_
_96,041_| |---|---| ## **`12. RELATED PARTY TRANSACTIONS`** ``` During the year purchases of £1,781 (2024 - £4,490) were made from Creative Minds, a business connected to S Warren and purchases of £9,495 (2024 - £10,046) were made from Harlaxton Estates Limited, a business connected to S Hampson. The balance outstanding on these transactions at the year end was £Nil (2024 - £Nil). The trustees ensure that all purchases are at market value or discounted. ``` ``` Page 14 ```