2021-12-31-accounts - The Soma Leo Foundation

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						SQRp
						reference
Summary		ofthe purposes			of		The Soma Leo objects CIO are:
the charity as set			out	in its			1. The advancement ofeducation for the
governing		document					public benefit of children and adults living
							in East Africa, in particular by the
							establishment and support ofschools.
							2. Such other purposes as are exclusively
							charitable in accordance with the laws of
							England and Wales as the trustees may
							from time to time determine.
Summary activities		ofthe main in relation to those				Pare 1.17 and 1.19	Continued funding ofthe running costs ofSoma Leo Nyiera Academy in Kenya, which we
purposes		for the public					established in 2015.
benefit,	in particular,			the
activities,		projects	or				The school provides education, support and
services		identified	in	the			nourishment for significantly disadvantaged
accounts.							young children in its community. The school is
							established as an early years' pre-primary and
							primary - registered as a primary school
							regulated by the Kenyan Ministry of Education.
							During 2021 the school had approximately 200
							pupils. The school is non-denominational, with
							the poorest children from the local community
							attending.
							Through aTrustee visit in February 2020, and
							through regular communication with key
							stakeholders in Kenya, the Trustees are satisfied
							that our objectives and activities are in line with
							Soma Leo's stated purpose and in accordance
							with the public benefit requirements ofthe Charity
							Commission.
							Clean water and nourishment are a key
							component for the public benefit provided,
							helping the children to be healthy and have the
							ener to learn. The school and our resources

					provided a safe and caring environment	provided a safe and caring environment	provided a safe and caring environment	for the
					education and care for our u ils.
Statement confirming whether the trustees		have		Para 1.18	The Trustees have at all times had regard to the guidance issued by the Charity Commission on
had regard to the guidance					public benefit
issued by	the Charity
Commission on public
benefit
Additional	information		(optional)
You ma choose to include				further statements where relevant about:
				soRp
				reference
Policy on	grant making			Para 1,38	Not relevant
Policy on including	social investment program related			Para 1.38	Not relevant
investment
Contribution made by volunteers				Para 1,38	The engagement and support ofemployees of Pound Gates continues to be a critical element				in
					the progress Soma Leo has made,		whether
					through organising and	participating	in	fund
					raisin events orsim I	donatin mone		.
Other

Achieve	m	en	ts	and	Per	formanc	e
						SORp
						reference
Summary ofthe main achievements ofthe charity,						Para 1.20	Following 2020's extensive Kenyan government mandated school closures, 2021 was an intense
identifying		the difference			the		period in the classrooms' with the completion	of
charity's	work		has	made	to		2020 curriculum in the early part ofthe year,
the circumstances				of its
beneficiaries			and any wider				By retaining our teachers throughout 2020 and
benefits	to	society		as a			supporting our learning community outside
whole.							school during closures our children adapted	well
							to the return to school and progressed through
							the 2021 curriculum in accordance with the
							government's timetable.
							We continued to fund Covid mitigation measures
							to keep the school asafe environment for pupils
							and teachers and have made infrastructure
							improvements in accordance with changing
							guidelines from the Ministry of Education.
							We have also funded new curriculum books	for
							the children and new uniforms for some pupils.
							Having facilitated Samwel Mande, our key
							stakeholder in Kenya, moving to the Nyiera area
							we now benefit from greater levels of
							understanding ofthe priorities at the school,
							effective implementation of solutions and higher
							levels of en a ement with our beneficiadies.
Additional		information			(optional)
You ma	choose to			include further statements where relevant about
Achievements objectives set			against			Para 1.41	Costs at school covered Greater transparency with activity and priorities		in
							Kenya established
							Infrastructure improvements to school made
							Financial reserves im roved
Performance offundraising activities against objectives						Para 1.41	After not being able to organise any fundraising events during 2020 (due to Covid restrictions)
set							2021 commenced with a "steps challenge" for
							employees of Pound Gates, which raised
							significant funds and we were able to hold a	golf
							day in the Autumn. The Pound Gates participator
							arrangement contributed funds through to August
							2021.
Investment a ainst ob		performance ectives				Para 1.41	N/A
Other

Financ	ial Review	ial Review
Review financial	ofthe charity's position at the		end		Para 1.21	Income generated in 2021 f24,615. Expenditure in the period P4.16,647.
ofthe	edod
Statement explaining		the			Para 1.22	The Trustees recognise that funds received
policy for holding reserves						(income) will vary greatly on a month by month
stating	why they are held					(and yearly) basis as such a significant proportion
						is generated from one-off events. As such	Soma
						Leo will continue to build and hold short term
						reserves to cover known or anticipated future
						expenditure, which may include one-off costs for
						building development work. We have no policy on
						building and holding reserves beyond this
						approach to establish reserves in order to	afford
						desirable future expenditure that adds to the
						public benefit.
						Significant reserves established in 2019were
						used in part to off-set the lack of fundraising
						events and activity during 2020 due to Covid-19.
						These reserves have been re-established	during
						2021.
Amount	ofreserves	held			Para 1.22	Just in excess ofE14,000
Reasons for holding		zero			Para 1.22	N/A
reserves
Details deficit	offund materially			in	Para 1.24	N/A
Explanation of any uncertainties about		the			Para 1.23	N/A
charity	continuing as a going
concern
Additional information			(optional)
You ma	choose to include			further statements where relevant about
The charity's principal sources offunds (including					Para 1.47	Soma Leo's primary source offunds is through donations from Pound Gates, and, donations		and
any fundraising)						events organised by Pound Gates and its	staff.
						The Trustees wish to continue to broaden	the
						base of supporters, which may include
						artnershi s with schools and businesses.
Investment policy and objectives including any					Para 1.46	N/A
social investment policy
adopted
A description ofthe principal risks facing the charity					Para 1.46	Uncertainty around future building costs, teaching supplies and other operating expenses, although
						financial reserves should provide sufficient	cover
						in the immediate term.
Other

Description	of charity's			N/A
trusts:
Type of governing document (trust clear i royal charter)			Para 1.25	Constitution adopted 15"January 2015
How is the charity constituted?			Para 1.25	Company (CIO)
(e tj rlnlnr;ot	porateo
assor:iaiion	CiO)
Trustee selection methods including details of any			Para 1.25	Appointed by current Trustees in accordance Constitution		with
constitutional	provisions	e.g.
election to post or name		of
any person	or body entitled
to appoint one or more
trustees
Additional information		(optional)
You ma choose to include further statements where relevant about
Policies and adopted for	procedures the induction		Para 1.51	Any new Trustees receive induction on their Trustee responsibilities, the Constitution		CC
and training	oftrustees			document, current financials and a briefing	on
				issues around current riorities.
The charity's organisational structure and any wider			Para 1.51	Companies owned by Kevin Collins (Pound Gates Group Ltd and associated companies—
network with	which the			here known as Pound Gates) continue to	support
charity works				Soma Leo by providing various resources	without
				charge to help with Soma Leo's administration
				and fundraising.
				The companies also cover some costs that would
				otherwise be incurred by Soma Leo eg insurance
				and some costs associated with hosting fund
				raising events.
				The Trustees are employees of Pound Gates		and
				receive no remuneration or other benefits	from
				Soma Leo. There is no conflict between their		role
				as Trustees ofSoma Leo and as employees		of
				Pound Gates.
Relationship with any related arties			Para 1.51	See above
Other

Reference and	Administrative details	Administrative details
Charit name		The Soma Leo Foundation
Other name the charit uses		Soma Leo
Re istered charit	number	1159964
Charity's principal	address	Hyde Park House
		Crown Street
		Ipswich
		IP1 3LG

ofthe charity trus	tees who manage	the charity
Trustee name	Office (ifany)	Dates acted ifnot for whole ear	Name toe	ofperson pointtrustee	(or body) entitled ifan )
Kevin Collins	Chair
David Collins
Del Sharrnan
Josh Yasar
Natasha Bedford

Cor orate trustees	—names ofthe directors at the	—names ofthe directors at the	—names ofthe directors at the	—names ofthe directors at the	—names ofthe directors at the	date the re ort was a	date the re ort was a
Director name
NIA
Name oftrustees	holdin	title to	ro eit	belon	in	to the	charit
Trustee name			Dates acted lf not for			whole	ear
NIA

Funds held as custodian	Funds held as custodian	trustees
Description ofthe assets		N/A
held in this capacity
Name and objects ofthe		N/A
charity on whose behalf	the
assets are held and how	this
falls within the custodian
charit 's ob'ects
Details of arrangements	for	N/A
safe custody and
segregation ofsuch assets
from the charity's own
assets

D CHARITY COMMISSION FOR ENGLAND AND WALES	D CHARITY COMMISSION FOR ENGLAND AND WALES	D CHARITY COMMISSION FOR ENGLAND AND WALES		The	Soma Leo	Soma Leo	Foundation				1159964
					Receipts and payments				accounts					CC~sa
				Forthe period from			01-Jan-21 To					31-Dec-21
			~	~
				Unrestricted funds			Restricted funds	Endowment funds			Total		funds	Last year
				to	the nearest 5		to the nearest 0	to the nearest		6	to the	nearest 2		to the nearest f
A1 Receipts
Donations						24,015							24,615
Sub total (Gross income for AR)						24,615							24,015
A2 Asset and	investment sales
(see table).
		Sub total
	Total receipts					24,615		-			-		24615
A3 Payments
Events						1,975							1,975
Building maintenance and repairs						1,620							1,620
School Running	Costs					11,501							11,591
Bank Charges						102							102
Other misc costs						1,550							1,560
		Sub total				16,547							15,047
A4 Asset and	investment
purchases, (see table)
		Sub total
	Total payments					16,847		-		—			16,547
Net ofreceiptsf(payments)						7,768							7,768
A5 Transfers	between	funds
A6 Cash funds last year end						6,386							6,386
Cash funds this		year end				14,154							14,154

			~	~	~	~ ~	~	~ ~
						Unrestricted	Restricted		Endowment
	Categories		Detrnl s			funds		funds	funds
						to nearest 5	to	nearest 5	to nearest 5
81 Cash	funds		Barclayd current account			14,154
				Total	cash funds	14,154
			(agree balances	with mcpiptd and payments
					ddddudi(d))
						Unrestricted	Restricted		Endowment
						funds		funds	funds
			Details			to nearest 5	to	nearest 5	to nearest 5
82 Other	monetary assets
			Details			Fund to which adept belon a	Cost (optional)		Current value o tlonal
83 Investment		assets
			Details			Fund to which asset belon 4	Cost (optional)		Current value o tional
84Assets retained for the
charity's	own	use
						Fund to which	Amount due		When due
			Details			llabila relates	o tlonal		o dona(
85Liabilities
Signed by one or two trustees on behalf ofall the trustees			Signa ure			Print	Name		Date of a r val
						Kevin	Colhna		ZDI Z
						Coskun Yaear			2 ti 2. Z