## ## ## ## |||||||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|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|roved| |---|---|---|---|---|---|---|---|---| |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|on behalf ofothers| |---|---|---|---| |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|