## **Trustees’ Annual Report for the period**
**From 01/04/2021 Period start date To 31/03/2022 Period end date**
**Charity name: The7stars foundation**
**Charity registration number: 1168240**
## **Objectives and Activities**
**----- Start of picture text -----**
SORP reference
Summary of the purposes Para 1.17 To advance in life and relieve the
of the charity as set out needs and suffering of children, in
in its governing such ways as the
document trustees may from time to time
think fit including but not by way
of limitation through
the provision of grant funding to
charities and other organisations
working in this field.
Summary of the main Para 1.17 and We have awarded grants to
1.19
activities in relation to charitable organisations through
those purposes for the three grant programmes, project
public benefit, in funding, ‘shine bright’ funding
particular, the activities, which is intended for toys and
projects or services educational resources which will
identified in the enhance happiness and security
accounts. amongst children, and breakfast
club funding across Inner London
Statement confirming Para 1.18 The trustees have had regard to
whether the trustees the guidance issued by the charity
have had regard to the commission on public benefit.
guidance issued by the
Charity Commission on
public benefit
**----- End of picture text -----**
## **Additional information (optional)**
You may choose to include further statements where relevant about:
SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment
Para 1.38 Contribution made by volunteers Other
## **Achievements and Performance**
**----- Start of picture text -----**
SORP reference
Throughout the period, Our
funding looked to support those
challenged by abuse; addiction;
Summary of the main those who are young carers; and
Para 1.20
achievements of the those without a safe place to call
charity, identifying the home.
difference the charity’s
work has made to the Our grant funding prioritised the
circumstances of its areas of Abuse, Addiction, Child
beneficiaries and any Carers and Homelessness.
wider benefits to society Project grants to charities
as a whole. aligned to our funding
priorities and age range.
Shine Bright funding
enabling charities to
purchase wellbeing,
emotional and mental health
support items or
educational, creative
resources for the young
people they support. These
items are to promote
happiness and reduce worry
and stress. (Beneficiaries are
selected and items are
purchased/distributed by the
charity partner.)
Star Start funding to tackle
child food poverty escalated
by the COVID-19 pandemic.
We support breakfast clubs
for young people aged 16
years and under, living
across London to start the
day with a hot meal.
Direct grants funding to
young people effected by the
themes we prioritise, and
represented by an
outreach/social/care/
safeguarding/legal
professional.
**----- End of picture text -----**
## **Additional information (optional)**
You may choose to include further statements where relevant about:
**----- Start of picture text -----**
Achievements against Para 1.41
objectives set
Performance of
fundraising activities Para 1.41
against objectives set
Investment performance Para 1.41
against objectives
Other
**----- End of picture text -----**
## **Financial Review**
**----- Start of picture text -----**
Review of the charity’s Para 1.21 Total funds carried forward at
financial position at the 31.03.22 £346,884
end of the period
Statement explaining the Para 1.22 An annual contingency fund of at
policy for holding least £20,000 is confirmed, to
reserves stating why they ensure the running costs of the
are held Foundation are covered.
Amount of reserves held Para 1.22 A contingency balance of £114,130
has been held. Part allocated to
covering costs and the rest to
grants.
Reasons for holding zero Para 1.22 N/A
reserves
Details of fund materially Para 1.24 N/A
in deficit
Explanation of any Para 1.23 N/A
uncertainties about the
charity continuing as a
going concern
**----- End of picture text -----**
## **Additional information (optional)**
You may choose to include further statements where relevant about:
**----- Start of picture text -----**
The charity’s principal
sources of funds Para 1.47
(including any
fundraising)
Investment policy and
objectives including any Para 1.46
social investment policy
adopted
A description of the Para 1.46
principal risks facing the
charity
Other
**----- End of picture text -----**
## **Structure, Governance and Management**
**----- Start of picture text -----**
Description of charity’s
trusts:
Type of governing Para 1.25 Constitution document
document
(trust deed, royal
charter)
How is the charity Para 1.25 CIO
constituted?
(e.g unincorporated
association, CIO)
Trustee selection Para 1.25 Trustees are appointed via a vote
methods including details by the existing trustees.
of any constitutional
provisions e.g. election to
post or name of any
person or body entitled
to appoint one or more
trustees
**----- End of picture text -----**
## **Additional information (optional)**
You may choose to include further statements where relevant about:
**----- Start of picture text -----**
Policies and procedures
adopted for the induction Para 1.51
and training of trustees
The charity’s
organisational structure Para 1.51
and any wider network
with which the charity
works
Relationship with any Para 1.51
related parties
Other
**----- End of picture text -----**
## **Reference and Administrative details**
**----- Start of picture text -----**
Charity name The7stars foundation
Other name the charity
uses
Registered charity 1168240
number
**----- End of picture text -----**
||Charity’s principal
address|Floor 6-9, Bush House - North West Wing, 57 Aldwych,
London WC2B 4PJ||
|---|---|---|---|
|||||
## **Names of the charity trustees who manage the charity**
**----- Start of picture text -----**
Name of person (or body)
Dates acted if not for
Trustee name Office (if any) entitled to appoint trustee
whole year
(if any)
1 Anuschka Clarke Chair N/A Anuschka Clarke
2 Helen Rose N/A Helen Rose
Rhiannon N/A Rhiannon Murphy
3
Murphy
4 Nick Maddison N/A Nick Maddison
5 Jenny Biggam N/A Jenny Biggam
6 Liam Mullins N/A Liam Mullins
7
8
9
10
11
12
13
14
15
16
17
18
19
20
**----- End of picture text -----**
Corporate trustees – names of the directors at the date the report was approved – N/A
## **Director name**
Name of trustees holding title to property belonging to the charity – N/A
**Trustee name Dates acted if not for whole year**
## **Funds held as custodian trustees on behalf of others**
Description of the assets N/A held in this capacity Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements N/A for safe custody and segregation of such assets from the charity’s own assets
## **Additional information (optional)**
## **Names and addresses of advisers (Optional information)**
**Type of Name Address adviser**
## **Name of chief executive or names of senior staff members (Optional information)**
Alexandra Taliadoros
## **Exemptions from disclosure**
Reason for non-disclosure of key personnel details
**N/A**
## **Other optional information**
## **Declarations**
**The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees Signature(s)** Alexandra Taliadoros **Full name(s)** Alexandra Taliadoros
**Position (eg** Foundation Director **Secretary, Chair, etc)**
**Date** 30.11.22
CHARITY
Ommt
SI
FINANCIAL STATEMENTS
FOR THE YEAR ENDKD 31 MARCH 2022
FOR
THE7STARS FOUNDATION
LD
RTE4 RED A
109 BAKE, R STREET
LONDON, WIU 6RP
THE7STARS FOUNDATION
CONTENT OF THE FINANGIAL STATEMENTS
FOR THE YEAR ENDED 31 IIIARCH 2022
Paue
Company Informatlon
Report of the Trustees & Dlrectors
Report of the Independent Examlhers
statementof Flnanclal Actlvltles
Balance Sheet
Notes to the Flthanclal Statements
7-11
THE7STARS FOUNDATION
COMPANY INFORMATION
FOR THE PERIOD YEAR ENDED 31 MARGH 2022
TRUSTEES:
ANUSCHKA CLARKE (GHAIRI
JENNY BIGGAM
LIAM MULLINS
NICK MADDISON
RHIANNON MURPHY
HELEN ROSE
REGISTERED OFFICE:
6-9BUSH HOUSE
NORTH WEST WING
57 ALDWYCH
LONDON
WC2B 4PJ
INDEPENDENT EXAMINERS:
MARTIN MYERS, FCA
GOLDWYNS
CHARTERED ACCOUNTANrs
109 BAKER STREET
LONDON
W1U6RP
BANKERS:
BARCLAYS BANK PLC
LEICESTERSHIRE
LE87 2BB
CHARITY NUPABEFL-
1168240
P8ge 1
THE7STARS FOUNDATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2022
The Trustees present thelr report and the financial statements of the chailty for the Year ended 31 March 2022.
The Ttusl'ees have arlopled the provlslons of the Statement of Recommended Practice ISORPI "Accounling and
Reporting by Charilles IFRS 1021 In preparing the annual report and financial statements of the charity.
Tivstees of the eharity
The Trustees who have served durlng the year and slnce the year end were as follows:.
ANUSCHKA CLARKE (CHAIR)
JENNY BIGGAM
LIAM MULLINS
NICK MADDISON
RHIANNON MURP.HY
HELEN ROSE
Objectiv8s and activities
To relieve the neects and suffering of children aged 16 years old and under in particular those who face challenges
¢au5ed by homelessness, addiction, abuse or who may be Garing for a sick or disabled adulL
Foundation statement
the7slars Foundatlon supports the most challenged young people (aged 16 years old and under) in the United
Kingdom.
In the year 2021-2022 the foundation's gianl programme furthered projeGI delivery under the themes of
'hotnelessness', 'addiction', 'abu5e' and 'child carers, by providing gfanl funding to Gharitable oiganisation$ aligned
to these priorities.
As well as providing grants lo chaiitable organisations, the7stars Foundation's pl¢Jneeiing grant programme {run in
collaboration with CorarN Chamber5) whith offer5 financial 5UPFYJrt to young illdividuals direGlly. has conlinued to
SUPPOtt young people thi5 yeai. This grant programme open to appliGatsons for funding fiDm prcife55ional
referees within the GhildGarelsoGial setvires, on behalf Df a young person in need.
The Foundation's grant programme was also able lo offer support during the recent Ukrainian refugoB Gri5is. Our
donalions helped young people escape the confli¢L and provided them wth Ihe emotional. social. financial &
physical support that Ihey needed.
Looking ahoad, the Foundatlon wtll b8 conlinulng its longer-term fundlng to charitable organisatlons, as well as
project fundSng that can offèr Immediatè benefits and long-term value. This programme l¢¢ks to en¢ourage
sustainablè dellvery and build ¢apaaly for those smaller organlsations struggling lo achieve funding and
récognttion in the third sector.
Publlc beneflt ststement
the7S"lars Foundallon ha$ a $Lle¢essfvl grant prcgramme. along the themes of 'h¢Thelessne5s', 'addiction'
'abuse' and 'chlld carers,.
The Trustee5 have had regard to the guidance issued by the Charity Commissian on public benefiL
Achlevements.and perfomiance
We launched two new funds.- Star st8rt-.to tackle food povety by fvrfding breakfast ¢lubs for kids when schools
were shut and Shine Bri9ht- funding for reg.ional charities to prcJvid&wellbeing, emoltonal and mental health
support to promote happiness in a lime of worry and anxtely,
Flnancial review (including reserveg poliey)
A contingency balance of £.114,130 has been held. Part allocated to covering ¢osts and the rest tg grant5.
An annual contingency fund of at ieasl £20,000 is cun*irn%d, to ensure the Nnning costs of the Foundalion are
covered.
Page 2
THE7STARS FOUNDATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2022
Plans for future perlods
The plan Is lo continue awarding grants lo provlde relief regarding 8bu$e of young people aged 16 y8ar5 ind
under.
Structure, governance and management.
The Charltylg a Charitable Incorporated Orggnisalion reglster8d on 1 S July 2016. It is governed by its constilution.
Appolntment of Trustees
Apart from the flrst charity Tnjsteeg, every Tru'stee must be appoSnted by 8 resolution passèd at a properfy
convened lieting of the charity truslees. In selecting Indlvlduals for appointment as ¢harlty Trustees, the charity
triislees must have reg.ard to the skSlls, knowledge and experience needed for the effective administrallon of the
cio.
Risk Management
The Charity is exposed to operatFonal and financial risks as a result of its operattng 8clivities.. To milig*e these
risks a system of internal conlrcils has been implemented that is designed to provtde reasonable la]though not
absolutel assuiance against mateiial misslatemenl.
TrustQe$' Tosponsiblllties
'rhe Trustees aÉe responsible for preparing the Trustees, Annual Repcrt and the financial statements in aeeordance
with applicable law and United Kingdom Accounting Standards {Uniled Ktngdom Generally Accepted Accounllng
PradiGe).
The law applicable to charities in England & Wale5 requires the Tiustees to prepare linancial statements for each
financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and
application of resources of the charty for that period. In preparing these financial statements, the Tr.ustees are
required lo..
581eGt suitsble aGGounting poliGiQS and then apply them nSiStsnY',
observe the methods and principles In the Charllles SORP2019 {FRS102),'
make judgements and estimates that are reasonable and prudent
state whether applicable accounting standards have been followed, subject to any material
departur95 disclosed and explained in the financial 51alement5',
prepare the linancial statements on the going ¢on¢ern basis unless il is inappropriate to
presume that tha charlly w511 conlSnue in op8ratlon.
The TrusleeB are responsible for keeping proper accounting records that dls¢lose with reasonable accuraGy at any
lime the financlal posllion of the charity and enable them lo ensure that the financial stslemenls comply with the
Charftles Act 2011, the Charllles (Accounts and Reports) Regulallons 2008 and the provisions of the trust deed.
They are also wponslble for safeguarding the assets of the tharlty and hence for tskSng reasonable steps for the
prevehtion and detection of fraud and other.Irregularsliés.
On behalf.of Ihe board
JENNY BIGGAM
Trustee
Date lol li
Page 3
THE7STARS FOUNDATION
INDEPENDENT EXAMINERS, REPORT TO THE MEMBERS OF THE7STARS FOUNDATION
I report to the chaTlty Trustees on my examinalion.of the aacounts of the Charity for Ihe year ended 31 Narch 2022
which are sel out on pages 5 to 11.
Re$pon$lbllltle$ and ba61$ of report
As the oharily's Trustees you are responslble for the preparation. of the accounts in acGoidancR with Ihe
requlrpments of thg Charft19s Aot 20111'the AGVI.
I report in Tespect of my examination of the charity's accounts carried out under se¢lion 145 of the Act and in
carrying out my examination I have. followed all the applicable Direclions given by the Charity Commisston under
section 14515llbl of th8 Act.
Independent examlnoT'S Ststement
I have eompieled my exaMin8lion. I confirm that no material matters'have come to my aiienlion in conneotlon with
the examination giving me cause lo believe that in any matertal respect.
accounting records were not kept in respect ol the ch8rily as required by section 130 of the A¢t', or
Ihe accounts do not accord wilh those records,. or
the accotsnts do not COTnply with the applicable requiremenls ¢oncerning the form and content of accoun15 aet
out in the Charities (Accounts and Report51 Regulations 2008 other than any requirement that the accounts
give a 'true and fair view, which is not a matter considered as part of an independent examination.
I have no toncems and have come across no other matters in conneclion wrlh the exarninalion to leh attention
should be drawn in this report in order to enable a proper understanding of the accounts to b8 reached.
MARTIN MYERS FCA
GOLDWYNS CHARTERED ACCOUNTANTS
109 BAKER STREET
W1U6RP
Page 4
THE7STARS FOUNDATION
STATEMENT OF FINANCIAL AcTIvlEs1
INCOME & EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2022
2022
2021
Unrestricted
Total
Funds
Restricted
Total
Fund5
TOTAL
TOTAL
Income
Incoming TesourGe$ fro
Ggngratod fund5:.
Inve$tment in¢ome
Incomlng resources fmm
ChaTltablp actlvltles
Grants. Donations élc
12
12
239,750
239,750
152,056
Total Income
239 762
239,762
152,062
Expenditure
Charltable Activities
B3,807
83,807
50,519
Govèrnanc¢ and Administratign of Charity
Total rpsoufG95 expendgd
112791
112 791
Ngt Incomol (Expendlturel
126,971
126,971
Net movements In funds"
126,971
126.971
52.639
Total funds brought fomard
219
Total ftsnds earried ft>rwaTd at 31 March 2022
All incoming resources and resources expended derNe from'conlinuing actiwlies.
There were no gains or losses re¢ogni$ed during the year.
Pag6 5
THE7STARS FOUNDATION
BALANCE SHEET
31 MARCH 2021
2022
2021
Notes
FIXED ASSETS".
Tangible a558ts
CURRENT ASSETS:
Prepayment & axrued income
Cash al bank and in hand
Debtors
235,gS4
114,130
141,290
81,123
350,084
222,413
CREDITORS:
Amounts falling due within one year
3.200
NET CURRENT ASSETS
346 884
TOTAL ASSETS LESS CURRENT
LIABILITIES:
FUNDS OF THE CHARITY:
unrestn.cled Fund
Reslricled Fund
10
11
346,884
219,913
FDr the year ended 31 March 2022 the Gharity was entitled to exemption from audit under Charilles Act
2011.
The fillanal statements were approved by the Trustees on 117
behalf by..
Ltr and were sLqned on thelr
JENhJY BIGGA
Trustee
Page 6
THEfsTARS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
Summary ot slgnlficant accountlng poll¢los
lal Geneial Informatlon and basis of prèparatlon
THETSTARS FOUNDATION Is registered as a ChaTitable Incorporated Organisation in the United Kingdom.
The address of the reglstered office i5 given In Ihs charlty Information on page 1 of .the5e financial
statemen18. The nature of the ch8rit*s operations and ptlncipal acllvilies ar8 to reli8Vg the need5 and
8ufferin9 of children 8ged 16 years and under, In particular those who faGe ¢hallenge5 caused by
homelessnés$. addlclion, abus@ or who may be caring for a sick or disabled adulL
Tha charlty oonslltutes a public benefit enlty as defined by FRS 102. Tho financial statements have been
prepared In arxordance with Accountlng and Reporting by Charities= Slalement ol ReGornmended Practice
applicable to charities preparing their accounls In ac¢ordartce with the Finan¢ial Reporting Slandard
applicable in the United Klngdom and R&publlc of ITeland IFRS 1021, th6 Charilles Act 2011 and UK
Generally Accepted Praclloe as it applies from 1 October 2019.
The financial 'slatements are prePad on a golng ¢oncem basls under the historfcal cost convention.
rnodlfled lo include certain items at falr value. The financlal statements are prepaTed In sierllng whlch is the
functlon81 currency of the ¢harlty.
The signtfic8nl accounting policies applied in the prep8ratlon of these financial statements afe set out below..
These policies have been consistently applied ID all years presented unless otherwise stated.
Ibl Furtds
UnStrted funds are avallable for use al the discreliori of the Trustees In furtherance of the genera'l
objectives of Ihe charity and which have not been designated for other purposes.
Designated .funds comprise unrestricted lunds that have been set aside by the Trustees for particular
purposes. The aim and use of each deSnated fund is Set out in the notes to the financial statements.
Restrlcted funds are funds which are to be LFsed In accordance specific restrictions ithposed by donor3 or
which have been raised by the charity far parb"cular purposes. The cost of raising and administerlng such
funds are charged against the specilic fund. The aim and use of each restricted fund is set out In the notes to
the financial statement5.
{¢) Income recognition
All incoming resources are irFcluded in the Statement of Financial Activities ISOFAI when the chanty is legalty
entil]ed to the income after any perfomiance Conditions have been met, the amount can be measured reliably"
and il is probable that the income wll be receNed.
For donation5 to be recognised the Gh4rily wll have been notffjied of th8 amounts and the set118ment date in
writing. If th8re are condibons attached to the donation and this requires a level of performan before
entitlement can be obtained then income is deferred until those conditions are fully met or tb8 fuifilmenl of
those conditions is within the control of Ihe ¢harity and it is probable that they will be fulfilled.
No amount is in¢luded in the financial 5tstemenls for volunteer lime in linewilh the SORP IFRS 102).
{d) Expendlturg rècognltion
All expendlture Is accounted for on an accruals ba515 and has been ¢las$ified under headlngs that aggrégat8
all costs related to the category. Expendiiurè Is recognised whére there is a legal or eonstrucilve obligation lo
make payments lo thlrd parties, It is probable that tha sèttlemeht will ba rèquired and the amount of the
obligalion can be measured rellably
Page 7
THE7STARS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
Grants payable lo third partles are withln the charftable obJects'ves. Where uncondlb'onal grants are offered,
.Ihis is accrued as soorl as the recipient is notified of the grant as thls ge8 rise 10 8 reasonable expectatlon
that the recipient will receive the grants. Where grants are condttional relatlng to pertorm8nce then the grant
is only accwed when any UnfU[led conditions a're outside of the control of the charJty.
el Support costs
SupF)Ort ¢osls are those that asslsl the work of the. charRy but do not directly repent charitable aclivltles
and Include office costs, governan costs, and other edmIntratiVe costs. They are incurrèd dlr8ciEy In
support of expenditure on Ihe objects of the charity. Where support costs c8nnot be dlreclly attributed to
partlcular headlngs they hav.e beÈn allocated to cost of ralsing funds and expendlture on charitable a¢tivlties
on a basis consistent wlh use of the resource>.
If) Deblorn and ¢reditors receivable I payable wlthln one y.ear
Debtors and credit$ with no stated interest rale and receivable tsr payablè Wilhln one ye8r are recorded at
transaction price. Any losses arising Irom impairment are recognised in expenditure.
191 Impaimient
Assets not measured at fair value are reviewed for any indication that the a55et may be impaired at each
balance Sheet dale. If such indication exists, the recoverable amount of the a5sel, or the asset's cash
generab-ng unit, is estimated and compared lo the carrying amount. Where the carrying amount exceeds its
recoverable amount, an impaimient loss is re¢ognised in profit or loss unbss th8 asset is carried al a
revalued amount wheTe the impairynent1055 15 4 revaluation decrease.
Ihl Provisions
PTovisions are recognised when the charity has an obligation at the balance Sheet date as a result of a past
event, il is probable that an outtlow of economiG benefits wll be required in 5ettlem2nt and the amounl can
be reliably eslimated.
(il Tax
The ¢harity is an ex8mpt Gharily within the meaning of schedul8 3 of the Charities Act 2011 and Is conswlered
to pass the tests sel out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore il meets Ihe deffnilion of
a charitable company for UK corpoTatSon tax purposes.
ti) Going concern
Th8 finanolal stalemenls have been prepared on a golng Gonr basis as the Trustees belleve that no
materlal uncertainties exlst. The Trustees have con8ldeffd the level of funds held and the expected level of
income and expenditure lor 12 months Irom authorising these financial stalemenls. The budgeted Income
and expendlturè Is sufficient with the level of reseNeg for the charfty to be able lo continue as 8 going
concern.
Page B
THE7STARS FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2022
2. TOTAL RESOURCES EXPENDED
2022
2021
Unrestrlcled Restricted
Total
Total
Funds
Funds
TOTAL
Charltable Activities
Donation5 and grants - actltieS lor
Young children
Charity events
83,807
83,807
50,519
Covgrnancè and Admlnl$tratlon
Accountancy fees
Admlnlstration
Bank charges
3,850
25,117
17
3,850
25,117
46,386
Total Resource expended
The main funcliDnal activity of the Charity during the ye3r was to relieve the needs and suffering of children
aged 16 years and under in partieular those who face challenges caused by homelessness, addiction, abuse
or who may be carfng for a stck or di88bled adulL
Avetagè number of employees was - Nll, work Is done by Tnjstees and volunteers. No employee received
emoluments of£60,000.
The Charity dld Mot have any paid employees during the year. The Trustees worked on a voluntary basls and
recefved no remuneration.
TAXATION
No liability to UK Corpotatlon Tax arose on ordinary actwilies for the year ended 31 March 2022.
The Charity is a registered Charity and is not liab]e to UK C.orpoiatTon Ta
TRUSTEES
The Charity paid no emoluments lo the Trustees during the year.
INDEPENDENT EXAMINERS REMUNERATION
The independent examiners remuneration amounts to a fee-of £3.,200.
Page
THE7STARS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
TANGIBLE FIXED ASSErs
Furri-r(ure
ment
COST:
Btr)ught forward at 1 Aprll 2021
Additions
At 31 March 2022
DEPRECIATION:
Brought forward at l April 2021
Chargo for period
Al 31 March 2022
NET BOOK VALUE:
Al 31 March 2022
DEBTORS: AMOUNTS FALLING
DUE WITHIN ONE YEAR
2022
2021
Accrued income & prepayment
Other debtors
235,954
141,290
CREDITORS: AMOUNT5 FALLING
DUE WITHIN ONE YEAR
2022
2021
Accrued expenses & deferred. income
Other Creditors
COMPANY STATUS
The Company is registered .as a Charitable Incorporated Organiat[on. It Is a ragtstered Charfly
INO. 11682401.
Page10
THE7STARS FOUNDATION
NOTES TO THE FINANCIAL STATEMEwrs
FOR THE YEARENDED 31 MARCH 2022
10.
UNRESTRICTED FUND8
BalanGe
Brought Movement
Forward
in Year
Balance
Carried
UN$1cted Funds
219 913
126 971
Total
1.4.
RESTRICTED FUNDS
The Charfly has no restricted tunds.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Tangjble Net Current
Fixed Assets
Assets
Total
Unreslrleted Funds
346 884
346.884
13.
RELATED PARTY DISCLOSURES
The Charity is controlled by the Trustees and thère Is a close relationship wlh the7starn 'UK
Limite'd, a company incorporated in England.
Page 11
CHARITY
Ommt
SI
FINANCIAL STATEMENTS
FOR THE YEAR ENDKD 31 MARCH 2022
FOR
THE7STARS FOUNDATION
LD
RTE4 RED A
109 BAKE, R STREET
LONDON, WIU 6RP
THE7STARS FOUNDATION
CONTENT OF THE FINANGIAL STATEMENTS
FOR THE YEAR ENDED 31 IIIARCH 2022
Paue
Company Informatlon
Report of the Trustees & Dlrectors
Report of the Independent Examlhers
statementof Flnanclal Actlvltles
Balance Sheet
Notes to the Flthanclal Statements
7-11
THE7STARS FOUNDATION
COMPANY INFORMATION
FOR THE PERIOD YEAR ENDED 31 MARGH 2022
TRUSTEES:
ANUSCHKA CLARKE (GHAIRI
JENNY BIGGAM
LIAM MULLINS
NICK MADDISON
RHIANNON MURPHY
HELEN ROSE
REGISTERED OFFICE:
6-9BUSH HOUSE
NORTH WEST WING
57 ALDWYCH
LONDON
WC2B 4PJ
INDEPENDENT EXAMINERS:
MARTIN MYERS, FCA
GOLDWYNS
CHARTERED ACCOUNTANrs
109 BAKER STREET
LONDON
W1U6RP
BANKERS:
BARCLAYS BANK PLC
LEICESTERSHIRE
LE87 2BB
CHARITY NUPABEFL-
1168240
P8ge 1
THE7STARS FOUNDATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2022
The Trustees present thelr report and the financial statements of the chailty for the Year ended 31 March 2022.
The Ttusl'ees have arlopled the provlslons of the Statement of Recommended Practice ISORPI "Accounling and
Reporting by Charilles IFRS 1021 In preparing the annual report and financial statements of the charity.
Tivstees of the eharity
The Trustees who have served durlng the year and slnce the year end were as follows:.
ANUSCHKA CLARKE (CHAIR)
JENNY BIGGAM
LIAM MULLINS
NICK MADDISON
RHIANNON MURP.HY
HELEN ROSE
Objectiv8s and activities
To relieve the neects and suffering of children aged 16 years old and under in particular those who face challenges
¢au5ed by homelessness, addiction, abuse or who may be Garing for a sick or disabled adulL
Foundation statement
the7slars Foundatlon supports the most challenged young people (aged 16 years old and under) in the United
Kingdom.
In the year 2021-2022 the foundation's gianl programme furthered projeGI delivery under the themes of
'hotnelessness', 'addiction', 'abu5e' and 'child carers, by providing gfanl funding to Gharitable oiganisation$ aligned
to these priorities.
As well as providing grants lo chaiitable organisations, the7stars Foundation's pl¢Jneeiing grant programme {run in
collaboration with CorarN Chamber5) whith offer5 financial 5UPFYJrt to young illdividuals direGlly. has conlinued to
SUPPOtt young people thi5 yeai. This grant programme open to appliGatsons for funding fiDm prcife55ional
referees within the GhildGarelsoGial setvires, on behalf Df a young person in need.
The Foundation's grant programme was also able lo offer support during the recent Ukrainian refugoB Gri5is. Our
donalions helped young people escape the confli¢L and provided them wth Ihe emotional. social. financial &
physical support that Ihey needed.
Looking ahoad, the Foundatlon wtll b8 conlinulng its longer-term fundlng to charitable organisatlons, as well as
project fundSng that can offèr Immediatè benefits and long-term value. This programme l¢¢ks to en¢ourage
sustainablè dellvery and build ¢apaaly for those smaller organlsations struggling lo achieve funding and
récognttion in the third sector.
Publlc beneflt ststement
the7S"lars Foundallon ha$ a $Lle¢essfvl grant prcgramme. along the themes of 'h¢Thelessne5s', 'addiction'
'abuse' and 'chlld carers,.
The Trustee5 have had regard to the guidance issued by the Charity Commissian on public benefiL
Achlevements.and perfomiance
We launched two new funds.- Star st8rt-.to tackle food povety by fvrfding breakfast ¢lubs for kids when schools
were shut and Shine Bri9ht- funding for reg.ional charities to prcJvid&wellbeing, emoltonal and mental health
support to promote happiness in a lime of worry and anxtely,
Flnancial review (including reserveg poliey)
A contingency balance of £.114,130 has been held. Part allocated to covering ¢osts and the rest tg grant5.
An annual contingency fund of at ieasl £20,000 is cun*irn%d, to ensure the Nnning costs of the Foundalion are
covered.
Page 2
THE7STARS FOUNDATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2022
Plans for future perlods
The plan Is lo continue awarding grants lo provlde relief regarding 8bu$e of young people aged 16 y8ar5 ind
under.
Structure, governance and management.
The Charltylg a Charitable Incorporated Orggnisalion reglster8d on 1 S July 2016. It is governed by its constilution.
Appolntment of Trustees
Apart from the flrst charity Tnjsteeg, every Tru'stee must be appoSnted by 8 resolution passèd at a properfy
convened lieting of the charity truslees. In selecting Indlvlduals for appointment as ¢harlty Trustees, the charity
triislees must have reg.ard to the skSlls, knowledge and experience needed for the effective administrallon of the
cio.
Risk Management
The Charity is exposed to operatFonal and financial risks as a result of its operattng 8clivities.. To milig*e these
risks a system of internal conlrcils has been implemented that is designed to provtde reasonable la]though not
absolutel assuiance against mateiial misslatemenl.
TrustQe$' Tosponsiblllties
'rhe Trustees aÉe responsible for preparing the Trustees, Annual Repcrt and the financial statements in aeeordance
with applicable law and United Kingdom Accounting Standards {Uniled Ktngdom Generally Accepted Accounllng
PradiGe).
The law applicable to charities in England & Wale5 requires the Tiustees to prepare linancial statements for each
financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and
application of resources of the charty for that period. In preparing these financial statements, the Tr.ustees are
required lo..
581eGt suitsble aGGounting poliGiQS and then apply them nSiStsnY',
observe the methods and principles In the Charllles SORP2019 {FRS102),'
make judgements and estimates that are reasonable and prudent
state whether applicable accounting standards have been followed, subject to any material
departur95 disclosed and explained in the financial 51alement5',
prepare the linancial statements on the going ¢on¢ern basis unless il is inappropriate to
presume that tha charlly w511 conlSnue in op8ratlon.
The TrusleeB are responsible for keeping proper accounting records that dls¢lose with reasonable accuraGy at any
lime the financlal posllion of the charity and enable them lo ensure that the financial stslemenls comply with the
Charftles Act 2011, the Charllles (Accounts and Reports) Regulallons 2008 and the provisions of the trust deed.
They are also wponslble for safeguarding the assets of the tharlty and hence for tskSng reasonable steps for the
prevehtion and detection of fraud and other.Irregularsliés.
On behalf.of Ihe board
JENNY BIGGAM
Trustee
Date lol li
Page 3
THE7STARS FOUNDATION
INDEPENDENT EXAMINERS, REPORT TO THE MEMBERS OF THE7STARS FOUNDATION
I report to the chaTlty Trustees on my examinalion.of the aacounts of the Charity for Ihe year ended 31 Narch 2022
which are sel out on pages 5 to 11.
Re$pon$lbllltle$ and ba61$ of report
As the oharily's Trustees you are responslble for the preparation. of the accounts in acGoidancR with Ihe
requlrpments of thg Charft19s Aot 20111'the AGVI.
I report in Tespect of my examination of the charity's accounts carried out under se¢lion 145 of the Act and in
carrying out my examination I have. followed all the applicable Direclions given by the Charity Commisston under
section 14515llbl of th8 Act.
Independent examlnoT'S Ststement
I have eompieled my exaMin8lion. I confirm that no material matters'have come to my aiienlion in conneotlon with
the examination giving me cause lo believe that in any matertal respect.
accounting records were not kept in respect ol the ch8rily as required by section 130 of the A¢t', or
Ihe accounts do not accord wilh those records,. or
the accotsnts do not COTnply with the applicable requiremenls ¢oncerning the form and content of accoun15 aet
out in the Charities (Accounts and Report51 Regulations 2008 other than any requirement that the accounts
give a 'true and fair view, which is not a matter considered as part of an independent examination.
I have no toncems and have come across no other matters in conneclion wrlh the exarninalion to leh attention
should be drawn in this report in order to enable a proper understanding of the accounts to b8 reached.
MARTIN MYERS FCA
GOLDWYNS CHARTERED ACCOUNTANTS
109 BAKER STREET
W1U6RP
Page 4
THE7STARS FOUNDATION
STATEMENT OF FINANCIAL AcTIvlEs1
INCOME & EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2022
2022
2021
Unrestricted
Total
Funds
Restricted
Total
Fund5
TOTAL
TOTAL
Income
Incoming TesourGe$ fro
Ggngratod fund5:.
Inve$tment in¢ome
Incomlng resources fmm
ChaTltablp actlvltles
Grants. Donations élc
12
12
239,750
239,750
152,056
Total Income
239 762
239,762
152,062
Expenditure
Charltable Activities
B3,807
83,807
50,519
Govèrnanc¢ and Administratign of Charity
Total rpsoufG95 expendgd
112791
112 791
Ngt Incomol (Expendlturel
126,971
126,971
Net movements In funds"
126,971
126.971
52.639
Total funds brought fomard
219
Total ftsnds earried ft>rwaTd at 31 March 2022
All incoming resources and resources expended derNe from'conlinuing actiwlies.
There were no gains or losses re¢ogni$ed during the year.
Pag6 5
THE7STARS FOUNDATION
BALANCE SHEET
31 MARCH 2021
2022
2021
Notes
FIXED ASSETS".
Tangible a558ts
CURRENT ASSETS:
Prepayment & axrued income
Cash al bank and in hand
Debtors
235,gS4
114,130
141,290
81,123
350,084
222,413
CREDITORS:
Amounts falling due within one year
3.200
NET CURRENT ASSETS
346 884
TOTAL ASSETS LESS CURRENT
LIABILITIES:
FUNDS OF THE CHARITY:
unrestn.cled Fund
Reslricled Fund
10
11
346,884
219,913
FDr the year ended 31 March 2022 the Gharity was entitled to exemption from audit under Charilles Act
2011.
The fillanal statements were approved by the Trustees on 117
behalf by..
Ltr and were sLqned on thelr
JENhJY BIGGA
Trustee
Page 6
THEfsTARS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
Summary ot slgnlficant accountlng poll¢los
lal Geneial Informatlon and basis of prèparatlon
THETSTARS FOUNDATION Is registered as a ChaTitable Incorporated Organisation in the United Kingdom.
The address of the reglstered office i5 given In Ihs charlty Information on page 1 of .the5e financial
statemen18. The nature of the ch8rit*s operations and ptlncipal acllvilies ar8 to reli8Vg the need5 and
8ufferin9 of children 8ged 16 years and under, In particular those who faGe ¢hallenge5 caused by
homelessnés$. addlclion, abus@ or who may be caring for a sick or disabled adulL
Tha charlty oonslltutes a public benefit enlty as defined by FRS 102. Tho financial statements have been
prepared In arxordance with Accountlng and Reporting by Charities= Slalement ol ReGornmended Practice
applicable to charities preparing their accounls In ac¢ordartce with the Finan¢ial Reporting Slandard
applicable in the United Klngdom and R&publlc of ITeland IFRS 1021, th6 Charilles Act 2011 and UK
Generally Accepted Praclloe as it applies from 1 October 2019.
The financial 'slatements are prePad on a golng ¢oncem basls under the historfcal cost convention.
rnodlfled lo include certain items at falr value. The financlal statements are prepaTed In sierllng whlch is the
functlon81 currency of the ¢harlty.
The signtfic8nl accounting policies applied in the prep8ratlon of these financial statements afe set out below..
These policies have been consistently applied ID all years presented unless otherwise stated.
Ibl Furtds
UnStrted funds are avallable for use al the discreliori of the Trustees In furtherance of the genera'l
objectives of Ihe charity and which have not been designated for other purposes.
Designated .funds comprise unrestricted lunds that have been set aside by the Trustees for particular
purposes. The aim and use of each deSnated fund is Set out in the notes to the financial statements.
Restrlcted funds are funds which are to be LFsed In accordance specific restrictions ithposed by donor3 or
which have been raised by the charity far parb"cular purposes. The cost of raising and administerlng such
funds are charged against the specilic fund. The aim and use of each restricted fund is set out In the notes to
the financial statement5.
{¢) Income recognition
All incoming resources are irFcluded in the Statement of Financial Activities ISOFAI when the chanty is legalty
entil]ed to the income after any perfomiance Conditions have been met, the amount can be measured reliably"
and il is probable that the income wll be receNed.
For donation5 to be recognised the Gh4rily wll have been notffjied of th8 amounts and the set118ment date in
writing. If th8re are condibons attached to the donation and this requires a level of performan before
entitlement can be obtained then income is deferred until those conditions are fully met or tb8 fuifilmenl of
those conditions is within the control of Ihe ¢harity and it is probable that they will be fulfilled.
No amount is in¢luded in the financial 5tstemenls for volunteer lime in linewilh the SORP IFRS 102).
{d) Expendlturg rècognltion
All expendlture Is accounted for on an accruals ba515 and has been ¢las$ified under headlngs that aggrégat8
all costs related to the category. Expendiiurè Is recognised whére there is a legal or eonstrucilve obligation lo
make payments lo thlrd parties, It is probable that tha sèttlemeht will ba rèquired and the amount of the
obligalion can be measured rellably
Page 7
THE7STARS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
Grants payable lo third partles are withln the charftable obJects'ves. Where uncondlb'onal grants are offered,
.Ihis is accrued as soorl as the recipient is notified of the grant as thls ge8 rise 10 8 reasonable expectatlon
that the recipient will receive the grants. Where grants are condttional relatlng to pertorm8nce then the grant
is only accwed when any UnfU[led conditions a're outside of the control of the charJty.
el Support costs
SupF)Ort ¢osls are those that asslsl the work of the. charRy but do not directly repent charitable aclivltles
and Include office costs, governan costs, and other edmIntratiVe costs. They are incurrèd dlr8ciEy In
support of expenditure on Ihe objects of the charity. Where support costs c8nnot be dlreclly attributed to
partlcular headlngs they hav.e beÈn allocated to cost of ralsing funds and expendlture on charitable a¢tivlties
on a basis consistent wlh use of the resource>.
If) Deblorn and ¢reditors receivable I payable wlthln one y.ear
Debtors and credit$ with no stated interest rale and receivable tsr payablè Wilhln one ye8r are recorded at
transaction price. Any losses arising Irom impairment are recognised in expenditure.
191 Impaimient
Assets not measured at fair value are reviewed for any indication that the a55et may be impaired at each
balance Sheet dale. If such indication exists, the recoverable amount of the a5sel, or the asset's cash
generab-ng unit, is estimated and compared lo the carrying amount. Where the carrying amount exceeds its
recoverable amount, an impaimient loss is re¢ognised in profit or loss unbss th8 asset is carried al a
revalued amount wheTe the impairynent1055 15 4 revaluation decrease.
Ihl Provisions
PTovisions are recognised when the charity has an obligation at the balance Sheet date as a result of a past
event, il is probable that an outtlow of economiG benefits wll be required in 5ettlem2nt and the amounl can
be reliably eslimated.
(il Tax
The ¢harity is an ex8mpt Gharily within the meaning of schedul8 3 of the Charities Act 2011 and Is conswlered
to pass the tests sel out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore il meets Ihe deffnilion of
a charitable company for UK corpoTatSon tax purposes.
ti) Going concern
Th8 finanolal stalemenls have been prepared on a golng Gonr basis as the Trustees belleve that no
materlal uncertainties exlst. The Trustees have con8ldeffd the level of funds held and the expected level of
income and expenditure lor 12 months Irom authorising these financial stalemenls. The budgeted Income
and expendlturè Is sufficient with the level of reseNeg for the charfty to be able lo continue as 8 going
concern.
Page B
THE7STARS FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2022
2. TOTAL RESOURCES EXPENDED
2022
2021
Unrestrlcled Restricted
Total
Total
Funds
Funds
TOTAL
Charltable Activities
Donation5 and grants - actltieS lor
Young children
Charity events
83,807
83,807
50,519
Covgrnancè and Admlnl$tratlon
Accountancy fees
Admlnlstration
Bank charges
3,850
25,117
17
3,850
25,117
46,386
Total Resource expended
The main funcliDnal activity of the Charity during the ye3r was to relieve the needs and suffering of children
aged 16 years and under in partieular those who face challenges caused by homelessness, addiction, abuse
or who may be carfng for a stck or di88bled adulL
Avetagè number of employees was - Nll, work Is done by Tnjstees and volunteers. No employee received
emoluments of£60,000.
The Charity dld Mot have any paid employees during the year. The Trustees worked on a voluntary basls and
recefved no remuneration.
TAXATION
No liability to UK Corpotatlon Tax arose on ordinary actwilies for the year ended 31 March 2022.
The Charity is a registered Charity and is not liab]e to UK C.orpoiatTon Ta
TRUSTEES
The Charity paid no emoluments lo the Trustees during the year.
INDEPENDENT EXAMINERS REMUNERATION
The independent examiners remuneration amounts to a fee-of £3.,200.
Page
THE7STARS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
TANGIBLE FIXED ASSErs
Furri-r(ure
ment
COST:
Btr)ught forward at 1 Aprll 2021
Additions
At 31 March 2022
DEPRECIATION:
Brought forward at l April 2021
Chargo for period
Al 31 March 2022
NET BOOK VALUE:
Al 31 March 2022
DEBTORS: AMOUNTS FALLING
DUE WITHIN ONE YEAR
2022
2021
Accrued income & prepayment
Other debtors
235,954
141,290
CREDITORS: AMOUNT5 FALLING
DUE WITHIN ONE YEAR
2022
2021
Accrued expenses & deferred. income
Other Creditors
COMPANY STATUS
The Company is registered .as a Charitable Incorporated Organiat[on. It Is a ragtstered Charfly
INO. 11682401.
Page10
THE7STARS FOUNDATION
NOTES TO THE FINANCIAL STATEMEwrs
FOR THE YEARENDED 31 MARCH 2022
10.
UNRESTRICTED FUND8
BalanGe
Brought Movement
Forward
in Year
Balance
Carried
UN$1cted Funds
219 913
126 971
Total
1.4.
RESTRICTED FUNDS
The Charfly has no restricted tunds.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Tangjble Net Current
Fixed Assets
Assets
Total
Unreslrleted Funds
346 884
346.884
13.
RELATED PARTY DISCLOSURES
The Charity is controlled by the Trustees and thère Is a close relationship wlh the7starn 'UK
Limite'd, a company incorporated in England.
Page 11