2023-12-31-accounts - The Soma Leo Foundation

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						SORp
						reference
Summary ofthe purposes the charity as set out in its					of	Para 1.17	The Soma Leo objects CIO are: 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		of the main in relation to those				Para 1.17 and119	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 2023the school had approximately 175
							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 pu ils.

Statement confirming whether the trustees	Statement confirming whether the trustees	have	have	Para	1.18	The Trustees have at all times had regard to the guidance issued by the Charity Commission on	The Trustees have at all times had regard to the guidance issued by the Charity Commission on	The Trustees have at all times had regard to the guidance issued by the Charity Commission on	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 or sim I donatin mone	.
Other
Achievements and			Performance
				SORP
				reference
Summary ofthe main achievements ofthe charity,				Para	1.20	Following the pandemic impacted academic years 2020 through to 2022, 2023was the first
identifying	the difference		the			normal academic year running from January		to
charity's work has made			to			November 2023.
the circumstances of		its
beneficiaries and any		wider				We continue to provide monies for the	inflation		hit
benefits to society as		a				cost offood and invest in the quality of	outcomes
whole.						we are seeking.
						At the end ofthe academic year we had 16
						children undertake the KPSEA assessment		and
						move on to secondary school.
						The future structure ofthe Kenyan education
						system remains unclear with, an ongoing review
						of recent changes implemented and potential
						future changes.
						We continue to make adjustments for
						competency based education system introduced
						a few years ago. We have successfully	raised
						funds to make a significant investment	in
						technology and connectivity solutions at the
						school.
Additional	information		(optional)
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	based
				curriculum
Performance offundraising activities against objectives			Para 1.41	Primary fund-raising events during the year were the annual Golf Day and a month long cycling
set				event undertaken by Pound Gates staff.
				Our 2023 Quiz was deferred to January 2024.
Investment performance a ainst ob'ectives			Para 1.41	N/A
Other
Financial Review
Review ofthe charity's financial position at the	end		Para 1.21	Income generated in 2023F18,173. Expenditure in the period 817,644.
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 of reserves held			Para 1.22	Just in excess ofE9,200
Reasons for holding zero			Para 1.22	N/A
reserves
Details offund materially deficit		in	Para 1.24	N/A
Explanation ofany 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 ofsupporters, 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	Further structural changes the Kenyan government may make affecting primary school
				settings and the added building costs and
				runnin costs that will come with this.

Description of charity's		NIA
trusts:
Type ofgoverning document	Para 1 25	Constitution	adopted	15'"January 2015
How is the charity constituted?	Para 1.25	Company	(CIO)
Trustee selection methods including details ofany	Para 1.25	Appointed Constitution	by current	Trustees	in accordance	with
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees

Additional	information	information	(optional)
You ma	choose to include		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

Charit	name			The Soma Lec Foundation
Other name the charit			uses	Soma Leo
Re istered charit		number		1159964
Chadity's	pdincipal	address		Hyde Park House
				Crown Street
				Ipswich
				ip1 3LG

	Trustee name	Office iifany)
1	Kevin Collins	Chair
2	Natasha Bedford
3	Del Sharman
4	Josh Yasar

Cor orate trustees —names ofthe directors at	Cor orate trustees —names ofthe directors at	Cor orate trustees —names ofthe directors at	Cor orate trustees —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 ert	belon	in	to the	charit
Trustee name		Dates acted ifnot for			whole	ear
NIA
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

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					~		~	~ s	~	~	~
								Unrestricted	Restricted			Endowment
	Catag o I'I us			Derails				funds		funds		funds
								to nearest F.	to	nearest 9		to nearest 9
81 Cash	funds			Sarclays current account				9,247
					Total		cash funds	9,247
				(agree balances	with	mes&pig sad payments
							sccouhl(s))
								Unrestricted	Restricted			Endowment
								funds		funds		funds
				Details				to nearest 9	to	nearest f		to nearest 9
82 Other	monetary assets
				Details				Fund to which asset baton s	Cost (options I)			Current value o tional
83 Investment		assets
				Details				Fund to which asset bslon s	Cost (optional)			Current value o tional
84Assets retained for			the
charity's	own use
								Fund to which	Amount		due	When due
				Details				liablli relates		o tional		o tlonsl
85 Liabilities
Signed by one or two trustees behalf of all the trustees			on	Si		ture		Print	Name			Date of a rove(
								Kevin	Collins
								Natasha	Bedford