## ## ## |||||||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)|(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)|Dates acted ifnot for whole
ear|Name
to a|ofperson ior
oint trustee|body) entitled
ifan| |---|---|---|---|---|---|---| |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|roved| |---|---|---|---|---|---|---|---| |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|||||||| ## ## ## ## ||||||~||~|~
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||||