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2022-12-31-accounts

Objecti ves and Activ iti es
SORp
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
Para 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
registered as a primary
school regulated
by the
Kenyan
Ministry of Education.
During 2022 the school had approximately
200
pupils. The school is non-denominational,
with
the poorest children
from the local community
attending.
Through a Trustee
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
energy to learn. The school and our resources
provided
a safe and caring environment
for the
education
and care for our
u
ils.

Additional
information
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You ma
choose to include
further statements
where relevant
about
Achievements
against
objectives set
Para 1.41 Increased costs at school covered
Greater transparency
with activity and priorities
in
Kenya established
Infrastructure
improvements
to school made
Adjustments
made to deliver competency
based
curriculum
Performance
offundraising
activities against objectives
Para 1.41 Primary
fund-raising
the annual
Golf Day
events during the year
and the first Quiz night
were
in
set three years.
There are no current participator
arrangements
in
lace
Investment
performance
a ainst ob'ectives
Para 1.41 N/A
Other

inanc ial
Review
ial
Review
ial
Review
ial
Review
Review
financial
ofthe charity's
position at the end
Para 1.21 Income generated
in 2022f13,047.
Expenditure
in the period 218,484.
ofthe eriod
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.
Amount ofreserves held Para 1.22 Just in excess off8,700
Reasons for holding zero Para 1.22 N/A
reserves
Details
deficit
offund materially in Para 1.24 N/A
Explanation
ofany
uncertainties
about the
Para 1.23 N/A
charity continuing as a going
concern
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You ma choose to include choose to include further statements
where relevant
about
further statements
where relevant
about
Policies
adopted
and procedures
for the induction
Para 1.51 Any new Trustees receive induction
on
Trustee responsibilities,
the Constitution
their 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
to a
ofperson (or body) entitled
oint trustee
ifan
Kevin Collins Chair
David Collins To April 2022
Del Sharman
Josh Yasar
Natasha
Bedford

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