Trustees’ Annual Report for the period
From Period start date To Period end date
Charity name:
Charity registration number:
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | THE OBJECTS OF THE CIO ARE: TO ADVANCE IN LIFE AND RELIEVE THE NEEDS AND SUFFERING OF CHILDREN, IN SUCH WAYS AS THE 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 activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
We offer a grant programme to award grants across the United Kingdom for young people challenged by abuse, addiction, homelessness or those who are child carers. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | Yes |
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
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | 2023 marked the7stars foundation’s 7th birthday. Since our beginning, we have awarded grants to causes benefiting young people challenged by abuse, addiction, homelessness or those who are young carers to a loved one. We have four grant programmes: 1. Our project grant programme offers funding to charities to deliver a project which will support the young people we prioritise to fulfil their potential, promote happiness and enhance their wellbeing. For example, through our last grant round we awarded funding to ‘Safe in Sussex’ a refuge housing mothers and their children escaping domestic violence and/or sexual abuse to facilitate a recreational trip for the resident young people and children. 2. Our shine bright grants fund charities to to purchase educational or recreational items (such as books, wellbeing journals, stress packs, arts and crafts for creative play therapy etc.) which will help young people reduce stress and feel happier and more secure. Our Shine Bright programme differs from the project programme, in that it will provide funds for specific ‘things’ – not a project. This year, our Shine Bright programme wishes to focus on alleviating the difficulties faced by children and young people from the cost of living crisis. For example, through our last grant round we awarded age-appropriate play and creative arts therapy resources for young carers experiencing issues exacerbated by the cost of living crisis. 3. We also offer grants to safeguarding professionals (such as social workers, lawyers, school outreach officers) representing a young person in the care or legal system, in need of some extra help. Our grants will pay for an activity or item the young person needs to further their potential or opportunity, where other routes of funding are not available. This young person will either be a survivor of abuse, a young carer, |
living with addiction or be at-risk of, or currently homeless. For example, through our last grant round, we provided funding for a young female who was referred to us by a emergency accommodation provider. The young female was 8 months pregnant and had just been connected to social services. Our funding helped the young woman purchase items for her newborn, and also has pledged to cover counselling sessions for when she is ready to engage. 4. This fund is slightly different to our other programmes. We offer grants to charities across the calendar year, aligned to social justice calendar awareness days (such as World Homeless Day). Successful grantees are selected by the7stars agency team members, voting on which charity to be awarded.
Additional information (optional) You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | |
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | |
| Investment performance against objectives |
Para 1.41 | |
| Other |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | £483,259.00 |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | 50% of our projected annual budget is held in reserves to ensure sustainability of operation |
| Amount of reserves held | Para 1.22 | £40,000.00 |
| Reasons for holding zero reserves |
Para 1.22 | N/A |
| Details of fund materially in deficit |
Para 1.24 | N/A |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | N/A |
Additional information (optional)
You may choose to include further statements where relevant about:
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | |
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 | |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Constitution |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | CIO |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | The foundation remains open to recruiting for additional board members, should a skill set be identified as not available amongst our members, and needed. The foundation will then recruit via a public advertisement and interview process. |
Additional information (optional) You may choose to include further statements where relevant about:
Policies and procedures adopted for the induction Para 1.51 and training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any related Para 1.51 parties Other
Reference and Administrative details
| Charity name | The7stars foundation |
|---|---|
| Other name the charity uses | |
| Registered charity number | 1168240 |
| 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
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (if any) |
|---|---|---|---|---|
| Anuschka Clarke | Chair | |||
| Helen Rose | ||||
| Nicholas Maddison | ||||
| Rhiannon Murphy | ||||
| JennyBiggam | ||||
| Liam Mullins | ||||
– Corporate trustees names of the directors at the date the report was approved
Director name
Name of trustees holding title to property belonging to the charity
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 for N/A 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
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) Full name(s) Position (eg Secretary, Chair, etc) Date |
||
|---|---|---|
| Alexandra Taliadoros | ||
Foundation Director |
||
| 8thJanuary 2024 | ||
| 8thJanuary 2024 |
the7stars Foundation Registered Charity No. 1168240 Trustees. report and financial statements for the year ended 31 March 2023
the7stars Foundation Contents Page number Charill Informalion Report Df the Tru51ees & Directors Rsporf of the Indepgndent E¥amin9r Slalemenl of Financial ActNf(ies Balance Sheet Notes to Ihe Flnanclal Slalemenls 11
the7stars Foundation Charity Information Board of Trustees.. Anuschka Clarke (Chairl Jenny Biggam Liam Mullins Nick Maddison Rhiannon Murphy Helen Rose Registered Office- g Bush House North Westwing KK Aldwy¢h WC2B 4PJ Independent Examlnor. IAoore Klngslon Smlth LLP 9 Appold Streèt London EC2A 2AP Bankers.. Barclays Bank plc Leic9slprshiro LEB7 2BB Charlty number 1168240
the7stars Foundation Trustee5' Annual Report forthe year ended 31 March 2023 The Trustees prosènl thelr report and flnancial slaloments ol the tharily for th9 year endgd 31 sl March 2023. The Truslees have adopted the provlslons of Stolemenl of Recommendgd Pracllca ISQRPI "Accounllng and Reporilng by CharKles" IFRS 102) In preparlng Iho annual report and financlal stalgmanls gf the charity. Trustee$ of the Charlly Th&tnJstg8s who have served during the year and sinca th8 year end were a8 follow8- Anuschka Clarke IGh8lrl Jenny Biggam Llam Mulllns Nic[( Maddison Rhiannon Murphy Helen Rose Objedives and actlvitSes To relieve Ihe need$ and suffering of chlldren aged 18 years olrl and urKJer, in pwtcular those whos& thallenge is caused by hom81essness, addiction. abuse orwho may be carfw for slck or disab aduKs. Foundatlon Statèm8ht th87stsrs $81 up Ils FourKlalion in 2016 as s Registsred Charity to support undw-prlvlleged young people in th9 UK The Foundation is primarily funded via theTstars profits. with 8dd115onal funding via events and fund- ralslng. We award grants lo Indlvidual8 and causes benefitting ng pooplo ¢h8118nged by abuse. addlctson, homela&qness or those who are young carart lo a Joved one. Found8lKJn is strategically aligned wlh the7st3rs and a major p"illarin Ihg7stars giving bacV' Fwcgramme, All Trustees are all Directors at th27slais. Th8 staff al Ihg7stars are kèpl inlormed via regular updatgs. enwragwl In volunteer with the Foundation's Charity partngrs and Involved In some'of the decisior)-mak6ng abDulcauses to support. We have four grant programm88; 1. Our prc4ect grant programme offers funding lo chore$ to dellver a project whlch will support the young people we priorili%e lo fulfil Ihelr polenlSal, promote happlness and enhance their wellbeing. For exam&, through ovr last grant round we awarded ftEnding to'safe in Sussex. a refuge housing mothers end their chlldren es¢aplng domestiG violence andlor£exual abuse lo facililale a r¢cre8tional trip for the resident youry .people and children. 2. Our shine bright granls'fund charities lo purchase educational or rocT8aliunal items (such a5 bc*oks. wel1b'n9 journals, stress packs, xrls and Grafts for crealive play fherapy eic.) which will help y¢)ung people duc8 StrgS5 and fe81 happier and more seujre. This programme focuses on alleviating the rfiffi¢ullles faced by children and young people from the c05101 living crlsis. For example. through our last grant round we awdrd& age-appTDprial8 play and creative therapy resources for yotsw car8rs experlen¢ing Issues exacerbated by the cost of living rrisis.
the75tars Foundation Trustees. Annual Report for the year ended 31 March 2023 3. Our third programme offers grants to Safeguardlng piofesslonals (such as soc181 worke, lawyers. school outsEach officers) preSenI1Dg a young person in the care or legal system, In need of $Dme extra help. Our grants will pay for an activity or item Ihe young persDn needs lo fvrther their potential oropportunrty, where other routes of funding are not available. For example, through our last grant round. we prOded fundirJg for a young female who was referred lo us by an emergency accommodation provtder. The young female wa8 8 monlhs pregnant and had just beeri connected lo social services. Our funding helpeLS the young woman puhase items lor her newborn, and also has pledged tu cover counselling sessions for when She ts reacly to engBge.. 4. Ourfourih programme is a social justice fvnd. ThisfurKI is slightly drfferenl tti our oth'er programmes. We offer grants to Gharilips acr055 the calendar year, aligned to social justice calendar awareness days Isuch as World Hometa55 Dayl.. Successful granteès are selected by the7star5 agency team members, VOtiTrJ on which charity.to be awarded. Publlc boneflt statament th97slars Founda0 has Tun"a SUCCful grant programme along the thème'homèlé&sness', 'addiction', 'abu88' and'child carer8'. The Trustees have had regard to the"guidance t8sued.by the Chairty Commission on publi¢ benefll. Achiovornant and Porformat)ce We launGhEd.two new funds- Siar-Start- to take food poveriy by funding breakfast clubs for kids when schwls were Shut and Shine Bright- funding far regK)nal charities to provide wellLEing, emotional and tnental health support to PTornole happiness in a lime o* worry and anxiety. FlnancSal Revlpw (Including reserves policy) A contingency balance of £296.834 has been held. Part allwated to covering costs and the rest lo grants. annual wnllngencyfvnd of al 18ast £20,000 is rA>nfirm9d. to er¢sure the running costs of thè Foundation are covered. Plan fr>r Futur• Periods The plan is lo conllnue awardino grants to provfde rellef regerdlng abuse of young people aged 1& years and under. structure, govemance and management 'The eharty is a Charitable Incorptsraled Orgariisalion regISted on 15 July 2016. 11 is governed by ils constitution. Appolntment. of Trustees Ap@rtfrom the fjrst'charlty Truste&s, ev6TyTruslee tnusl be appointed by a resolution passed al a.properly convened mèetlng of1h& charfly Trustees. In seleding Indlvlduals for appoinlmanl as tharily Truslaes, the charfty Trustees musl have regard to tha swlls, knOwdg9 and axpgrience neIed ft)r the effects've admlnthllon of the CIO. REsk hlanag8ment The charty is exposed lo operational and financial risks as 8 re5ts1101 ils operating activities. To miligale these risks a system of internal controls has been implemented that is designed to'provide reasonalle 181tFx)ugh not ab501utel assurance against material misstalemenl.
the7stars Foundation Trustees. Annual Report for the year ended 31 March 2023 Tru$t09$' R•spon8lbllltl.es The Truslegs are respon$lble for prepartng the Trustees, tZepLYt and.the financial slatsmenll In accord9n¢e th appllcable law and Unlted KSngdom A¢wunllng.Sl8ndards (United Klngdom GeneraSlyAccepled Accounling Prackn.). The law ap1&[e lo charities in Engknd & Wales requires the Trustees to prepare flnan¢l81 statements for 8ath finand81 year whlch give a true and fair view uf the state of the gffairs ol the"charfly and of the incoming resource8 and gpplicalion Df resources of the charlty for that period. In preparing these ffnancial statements. the trustees are required to.. 5dect suitable BccounlirvJ policiÈs and thÈn apply them consi5tenlty,' . observe the rn?Ihods and principles in the Charities SORP (FRS1021'. .make judgements and estimale5 Ihal are reasonable and prudent- ' Stale whether applicabte UK Accounting Standard5 Fiavè been followed, subject to any material departures disclosed and exJained in the financial statemenl5- prepare Ihefinancial siatements on the 9(ing concern basi5 unless il Es Inapproprfate tts prgsumg that lh8 charity will Contin in operation. The Trustees are responsible for kgeping proper aountIng records Ihal discbsewth reasonable accuracy al any lime lh8 financlal poslllon of the chadty and enable them lo ensure that the flnandal statements wmply Ih the Charllies Act 2011. the Charlbes (Accounls and Reports) Regulauon 2008 and the provisions of the trust deed. They are also responslble for safeguardlng the assets of Ihe charity and hence for taking reasonable sleps for the prevention and detection offraud and other IegulalIes. On beh8W ofih8 Boartl Jenny Biggam Tru$lee Dale.. L5 ioL(F
the7stars Foundation Independent Examiner's Report to the Trustees of the7stars Foundation I report lo Ihe ChaTIty Trustees on my examlnalion of the aocount$ of the Charity fot the yegr.encled 31 March 2023. Res onsibilities znd basis of re As the Charity Tnjslees of the frust you are rgsponsibl8 for the preparation of the accounts in agcoTdanco with the requirements of the Charibes AGI 2011 ('the AGt'). I report in respect of my exgmlnation of the Trust's accounts carried out under section 145 of the 2011 Act and In CaTWng out my exarninalion I have followed all the applieable Dire¢li¢)n5 given by Ihe Charity. Commission under section 145151{b) o* the Act. Indgpendent examlner's statement I have completed my examination. I confiTm that no mallers have come to my allention in ¢onneclton"wilh the examination giving me cause to'believe.. - accounting records were not kgpt in respect ol th8 Company as roqulrod by $ecllon 130 of th9 A¢L or 2. the a¢¢ounls do not acrd th those recottls,. or 3. the a¢¢ounts do nol compty wh the applicab requiremen& concerning the form and content of accounts set out in Ihg Charities (Accounts and Reports) Regulation5 20.08 other than any Tequirgmgnl Ihal th8 2C¢guntsgive a 'lrue 8nd falr vlew whlch18 not a matter consldered as part of an independent examlnaibn. I have no conceins and have come across no other matters in CLinnecliDn with the examination to Kthich attention shLyJld be drawn in thi5 report in orderto enable a properunder5tanding of the accounts lo l)e rea¢hed. ocfe -tr LLP Adam FullÉrton IFCA DChA) For and On Behalf of Mwre Klngstofi Smith LLP 9 Appdd Street London EC2A 24P Dale.. 25 January 2024
the7stars Foundation Statement of Financial Activities for the year ended 31 March 2023 Restrlcled Funds Year ènded 2023 UnTestrlcted FL*nds Year ended 2023 Totsl Year ended 2023 Total 'Yearended 2022 Note Income Incoming rp$our¢es .from Ganèratgd fund8 - Investment income 588 12 Charitable acti¥ties- Grants. Donation, elc. 276.582 276.582 239,750 Total 277,170 277170 Expenditure on.. Ralslng lunda 83,731 83,731 Gharilable act6vities 57,064 57.064 112.791 Total resources expended 140.795 140 795 Nèt in¢Dine 136,$75 136,375 126,971 Net movement In funds 136.375 136,375 12fi.971 Total funds brought forward 346,884 346,884 219,913 Total fund$ Garrrod forward 9.10 483,259 483.259 34fj,884
the7stars Foundation Balance Sheet At 31 March 2023 Note 2023 .2023 2022 2022 CURRENT ASSETS: Deblots Cash at bank ond In hand 188.825 296,834 485,659 235,954 114,130 350,084 CREDITORS: Amounls falling dug wlhin on8 year 12.400 3.200 Net Gurrent Asset9 483,259 346,884 Net Asset5 483,259 346,884 Fund5 Unrestrtcled Funds Restrlcled Funds 483.259 346.884 10 483.259 346.884 F"or Ihe""year ended 31 Mah 2023 Ihe Charity wa5 enlrfted ID exemption from audit under Charilies Act 2011. The financial slalemenls were approved by Ih&Trustees on JI i }Zland were signed on their behalf by.. Trustee.. Jert Biggam
the7stars Foundation Notes to the Financial Statements for the year ended 31 March 2023 Accounting Policies Charlty Informatlon Ihe7stars Foundation is a charity incorporated and regisler&d In England and Walgs. Yh• rgglstared olGe 15 6.9 Bush Housg, NDrth West Wingj 57 Aklwych, London. WC2B 4PJ. Basls of preparatlon The flnanclal 8tslements have been prepared in accordance Mpilhthe Financial Reporting Stondard applicable in the UK 8rKJ'Republic of Ireland IFRS 1021. The Gharity is a public benefit Èntity for the p.urposes ol FRS. 102 gnd therefore the Gharlty also prepared its financial statements in acccsrdance th the Stslement of Re(x)rnmended Pradce appllcable to charilies preparing their accounts in accordance wlth the Flnanclal Reportlng Standard appllcabk in the UK and Republic of Ireland (The FRS 102 Charit$ SQRPI and Ihe Charllles Act 2011. Thg flnancial $tslem8nls are propa¥ed In slerllng. whlch is the funcllonal ojrranoy of the company. Monetary a1)Unts In these linanclal statements ar6 rounded lo the nearest pound. Golng concam Th9 Trustges have assessed whether the use of thè going concern basis is approprfats and hav8 considered PDssible events or conditions that might casl significanl doubton Iho abllity of th9 ¢harlty lo continug as a going concern. Th8 Truslees have made this aEsessm&nt for a period of at leastone y8ar from the dal& of zpproval Of the finanoal slatsrn8nls. Aftgr making enquiries the Trustees have concluded Ihalth&re is a reasonable expertalion Ihal Ihg charilablg entity has adeqLfale resources lo continue in operational extslence.fDr the IDtBS888bb futiJr9, and theie are no material uncertainties aFe¢ting this assurnplion. The charity tlwefore rontinues lo adopt the going concern basis in prepariryq lis financial statements. Incomo All in(x)mg is recognised once the charlty has @nullemenl to Ihe Incom8. so It Is probable that the income will be received. and the amount of in¢ome rac8Evable can be measured reliably. For donations lo be recognised the charity will havE boen notili8d of the amounts and the setdemenl dale in WTiling. If Ihera ar& conditions attached lo lh9 donation and this requires a level of performance before enlrflèmont can be oblained then the income is deferred until those conditions are fully met or the lulfllmenl ol thos8 candiliDns is within th8 CDntrol of th8 thariiy and il is probable Iheywill be Exp8nditurg Liabilitie5 are recogniseda5 expendiiure.once there 15 a16gal or cmslruollve obllgatson commftfjng the harity lo that gxpgnditure, it is probable that Settment will ba required and the amwntof th8 obligation can bg measured reliably. Al 8xpendilure 15 accounted for on an accruals basis. Al expenses, includlng suppojtcosls whl¢h include gOV8manc& costs, ar8 alkcated lo charitablg activilies in.the statement ol flnancial act1lIes. Gi)vernance casts comprtse 811 cosls involving thepublic accountability of the chariy and its compliance with regulation and good practices, End these costs are included within support costs. Grants"are fully accwnled fol in'lhe year the grant 18 approved nolrfed to the beneficiery. Paymen15 falling due lfi later years are providéd for 08 a Ilability on the balance sheet.
the7stars Foundation Notes to the Financial Statements for the year ended 31 March 2023 Accountlng Pollcles Icontlnuèd) Allocatson of support costs Support cos15 are Ihose fijnctions that assist thè work of Ihe charity, but do not direclty undertake charitable actiwlies. SuppDrt Costs include office costs, governance c0515 and other administrative ¢0919. Where support costs cannot be directly attrlbuled to pardcular heading5 they have been allocated to cost of talslng funds an(J expendlltjre on charttabk advltle$ on a basls Consistenl wtth th¢ use ol rourCeS. Financial inslruments Deblors and Lreditors re1vable'Or payable within one year of the reporting date are carried initially al their transaction price and subsequenlty at selllement value. Debtor5 and creditors that are re1vable or payable in more than one year and not subject lo a market rale of interest are measured al the present value ol the expected future receipts or payment discounted at a marketrate OF InteSt Trade and other d8btors are rec(>3nised * th8 setll8m8nl amount due after any Llis(x)unt off8red. PrepaynEnts valued al the amixjnt prepaid aftEr takin9 account ol any trad8 di5counis du6. C8sh and cash 8qulvalents Include cash at banks and in hand and short term deposlts wllh a maturty data ol thrée months or16SS. Creditors and provisions #re recognised wher&fhe charty ha3 a present obligation reEulling from a past event Ihal will probably resull in the transfer of funds to B Ihird party and the amount due ID settle the obligation can be measured or eslimaled reliabty. Creditors and provisions are normally recognised at Ihelr settlementamounl after allong for any Irade Llls¢ounls due.. Fund a¢¢ounting Unrestrided funds are general funds thatare alIable'for Ihe use Bt the trusteEs' distTrtion ir* furtherance Df IhE d)jpctives of the charity. Restricted fUrS ar8 subj8Ct lo specific cDndilK)ns by donDrs as to h(iw ih8y may b8 U58d. Th purp059s and use& of lh8 restric18d funds are sel out in th8 notes lo the accounts. Designated funds Compri59 funds Trvhirh have b9en 591 asid8 al the disueliDn of the Trustees for specific purposes. The purp05e5 and uses of.1ho designated funds ar8 sel out in Tr>te5 lo the arcDunts. crttlcal AGcountlng Judgemgnts and Estlmat8S In application of ihe Charily'g accountlng policies. the board Is requlrecl to make ludgemen1s. esumates and assumptions about tho caTrying ornount of assets and11obilllies that ara hol roadlly app3rgnt from other soutcos. The estimalesand associated assumptlong are based on hl$1oTlcal experenGe and other factors that are cxjnsidered to berelevanl. Actual results may dlffer from these estimates. The ègtlm8tas and undèdySng as$umpUon$ ar8 ravl8wgd on an on.golng b8s1s. Rovlslons to aeerjuntlng eslimales are recognised in the period in which the eslimaie is rewsed, il the revislon affects only (hal. period, or in the periDd of fhe rewsion and fulure periods if Ihe revision affec15 both current and future Ther8 are no eslimales and assumptions which ar8 believed lo hav8 a signrficant risk Df causing a mater1 adjuslmenl to the carrying anThJJnl of assets and liabilities in the curnt or prior peri¢xl.
the7stars Foundation Notes to the Financial Statements for the year ended 31 March 2023 Z TOTAL RESOURCES EXPENDED Rfrstrlctgd Unrèstrlcte 2023 2023 Total 2023 Total 2022 Charttable Aedvitb$ Donations and grants- actlmties for youngKhWdren 29.,523 29,523 29,523 83,807 Governance and Administration Accountancy fees AdmlnLsltation Bank charges 3.514 24.009 18 3,514 24.009 18 3,850 25.117 17 .27,541 27,541 28,984 Total Re$tsurcp5 Expend on Charitable Activili85 112791 Themain furKllonaJ actfvlw of the Charily durfng the arWa5 to r8lièv8 the naeds and suffering of chilcsren ag8d 16 year5 and under in parbculars Ihose who face thallang8s r2us&d by homèbsÈness, addtiOn, abuse, or o may be rIng for 8 si¢k or adulL Average number of empbyee.5 wa5 - nil, work (hne by Truslee5 and Volunteers. No Employees received emoluments of£60.000. Th9 Charttydlcl not have any pakl empk>yeas durfng th& ar. Thè"Twstaes workgd on a voluntary ba8isHnd received no remuneralitsn. 3 TAXATION No Ilabilltyto UK Corpornllon Tax 8ro89 on ordluaryactivilie8 forthe y8?r ended 31sl March 2023. 4 TRUSTEES The Charity paid no emolum$n15 ta the Tru51ee5 éuring the year. INDEPENDENTEK4MINERS REMUNERATION Tha Ind•pand8nt Eyamlnefs Nmun0181ion amounts io a lee of £1400. 6 DEBfoRS: AMOUNTS FALLING DUE WITHIM ONE YEAR 2023 2022 Accruèd InrA)mè & pr*paymBnts 188.825 235.954 188,825 23S954 7 CREDITORS: AMOUNTS FALLING OUE WITHIN ONE YEAR 2023 2022 ArualS and dèlorred Income 2,41)0 3,200 10
the7stsrs Foundation Notes to the Financial Statements for the year ended 31 March 2023 8 CHARITY STATUS ThE Charty registered as a Chtritablè Incorporatèd OrganisatSon. Itls a registerèd Charity Ino. 11682401. g UNRESTRICTED FUND Currènt year Balanco 0110412022 IAovement Balance in Yoar 3110312023 Unrestrfd8d"funds Total 136,375 136.375 483.259 483.259 346,884 Prtor Balance 0110412021 Movomnt in Y•ar Balaneg 3110312022 UnrFslri¢ted Totsl 219,913 219,913 126.571 126,971 346.884 34fj.804 10 RESTRICTED FUNDS Tha Gh8rfly has no re8tricted funds. 11 AY81$ OF NET ASSEfs BETWEEN FUNDS Current year N8t Current Ass8ts Totsl Unrestrieled fund5 483,259 483,259 483,259 Prfor ar Net Current Assets Total Unresirlctwj fuhds 346.884 346,8B4 346.864 346.864 12 RELATED PARTYDISCLOSURE The Charity is controlled bylhe Trustees and there i& a close rejalionship wilh the7stars UKLimited, a tompany Inwrporaled in England. During th8 year Ih8 MPanY donated £188,82512022: £235,5941 to the Charfly. 11
the7stars Foundation Registered Charity No. 1168240 Trustees. report and financial statements for the year ended 31 March 2023
the7stars Foundation Contents Page number Charill Informalion Report Df the Tru51ees & Directors Rsporf of the Indepgndent E¥amin9r Slalemenl of Financial ActNf(ies Balance Sheet Notes to Ihe Flnanclal Slalemenls 11
the7stars Foundation Charity Information Board of Trustees.. Anuschka Clarke (Chairl Jenny Biggam Liam Mullins Nick Maddison Rhiannon Murphy Helen Rose Registered Office- g Bush House North Westwing KK Aldwy¢h WC2B 4PJ Independent Examlnor. IAoore Klngslon Smlth LLP 9 Appold Streèt London EC2A 2AP Bankers.. Barclays Bank plc Leic9slprshiro LEB7 2BB Charlty number 1168240
the7stars Foundation Trustee5' Annual Report forthe year ended 31 March 2023 The Trustees prosènl thelr report and flnancial slaloments ol the tharily for th9 year endgd 31 sl March 2023. The Truslees have adopted the provlslons of Stolemenl of Recommendgd Pracllca ISQRPI "Accounllng and Reporilng by CharKles" IFRS 102) In preparlng Iho annual report and financlal stalgmanls gf the charity. Trustee$ of the Charlly Th&tnJstg8s who have served during the year and sinca th8 year end were a8 follow8- Anuschka Clarke IGh8lrl Jenny Biggam Llam Mulllns Nic[( Maddison Rhiannon Murphy Helen Rose Objedives and actlvitSes To relieve Ihe need$ and suffering of chlldren aged 18 years olrl and urKJer, in pwtcular those whos& thallenge is caused by hom81essness, addiction. abuse orwho may be carfw for slck or disab aduKs. Foundatlon Statèm8ht th87stsrs $81 up Ils FourKlalion in 2016 as s Registsred Charity to support undw-prlvlleged young people in th9 UK The Foundation is primarily funded via theTstars profits. with 8dd115onal funding via events and fund- ralslng. We award grants lo Indlvidual8 and causes benefitting ng pooplo ¢h8118nged by abuse. addlctson, homela&qness or those who are young carart lo a Joved one. Found8lKJn is strategically aligned wlh the7st3rs and a major p"illarin Ihg7stars giving bacV' Fwcgramme, All Trustees are all Directors at th27slais. Th8 staff al Ihg7stars are kèpl inlormed via regular updatgs. enwragwl In volunteer with the Foundation's Charity partngrs and Involved In some'of the decisior)-mak6ng abDulcauses to support. We have four grant programm88; 1. Our prc4ect grant programme offers funding lo chore$ to dellver a project whlch will support the young people we priorili%e lo fulfil Ihelr polenlSal, promote happlness and enhance their wellbeing. For exam&, through ovr last grant round we awarded ftEnding to'safe in Sussex. a refuge housing mothers end their chlldren es¢aplng domestiG violence andlor£exual abuse lo facililale a r¢cre8tional trip for the resident youry .people and children. 2. Our shine bright granls'fund charities lo purchase educational or rocT8aliunal items (such a5 bc*oks. wel1b'n9 journals, stress packs, xrls and Grafts for crealive play fherapy eic.) which will help y¢)ung people duc8 StrgS5 and fe81 happier and more seujre. This programme focuses on alleviating the rfiffi¢ullles faced by children and young people from the c05101 living crlsis. For example. through our last grant round we awdrd& age-appTDprial8 play and creative therapy resources for yotsw car8rs experlen¢ing Issues exacerbated by the cost of living rrisis.
the75tars Foundation Trustees. Annual Report for the year ended 31 March 2023 3. Our third programme offers grants to Safeguardlng piofesslonals (such as soc181 worke, lawyers. school outsEach officers) preSenI1Dg a young person in the care or legal system, In need of $Dme extra help. Our grants will pay for an activity or item Ihe young persDn needs lo fvrther their potential oropportunrty, where other routes of funding are not available. For example, through our last grant round. we prOded fundirJg for a young female who was referred lo us by an emergency accommodation provtder. The young female wa8 8 monlhs pregnant and had just beeri connected lo social services. Our funding helpeLS the young woman puhase items lor her newborn, and also has pledged tu cover counselling sessions for when She ts reacly to engBge.. 4. Ourfourih programme is a social justice fvnd. ThisfurKI is slightly drfferenl tti our oth'er programmes. We offer grants to Gharilips acr055 the calendar year, aligned to social justice calendar awareness days Isuch as World Hometa55 Dayl.. Successful granteès are selected by the7star5 agency team members, VOtiTrJ on which charity.to be awarded. Publlc boneflt statament th97slars Founda0 has Tun"a SUCCful grant programme along the thème'homèlé&sness', 'addiction', 'abu88' and'child carer8'. The Trustees have had regard to the"guidance t8sued.by the Chairty Commission on publi¢ benefll. Achiovornant and Porformat)ce We launGhEd.two new funds- Siar-Start- to take food poveriy by funding breakfast clubs for kids when schwls were Shut and Shine Bright- funding far regK)nal charities to provide wellLEing, emotional and tnental health support to PTornole happiness in a lime o* worry and anxiety. FlnancSal Revlpw (Including reserves policy) A contingency balance of £296.834 has been held. Part allwated to covering costs and the rest lo grants. annual wnllngencyfvnd of al 18ast £20,000 is rA>nfirm9d. to er¢sure the running costs of thè Foundation are covered. Plan fr>r Futur• Periods The plan is lo conllnue awardino grants to provfde rellef regerdlng abuse of young people aged 1& years and under. structure, govemance and management 'The eharty is a Charitable Incorptsraled Orgariisalion regISted on 15 July 2016. 11 is governed by ils constitution. Appolntment. of Trustees Ap@rtfrom the fjrst'charlty Truste&s, ev6TyTruslee tnusl be appointed by a resolution passed al a.properly convened mèetlng of1h& charfly Trustees. In seleding Indlvlduals for appoinlmanl as tharily Truslaes, the charfty Trustees musl have regard to tha swlls, knOwdg9 and axpgrience neIed ft)r the effects've admlnthllon of the CIO. REsk hlanag8ment The charty is exposed lo operational and financial risks as 8 re5ts1101 ils operating activities. To miligale these risks a system of internal controls has been implemented that is designed to'provide reasonalle 181tFx)ugh not ab501utel assurance against material misstalemenl.
the7stars Foundation Trustees. Annual Report for the year ended 31 March 2023 Tru$t09$' R•spon8lbllltl.es The Truslegs are respon$lble for prepartng the Trustees, tZepLYt and.the financial slatsmenll In accord9n¢e th appllcable law and Unlted KSngdom A¢wunllng.Sl8ndards (United Klngdom GeneraSlyAccepled Accounling Prackn.). The law ap1&[e lo charities in Engknd & Wales requires the Trustees to prepare flnan¢l81 statements for 8ath finand81 year whlch give a true and fair view uf the state of the gffairs ol the"charfly and of the incoming resource8 and gpplicalion Df resources of the charlty for that period. In preparing these ffnancial statements. the trustees are required to.. 5dect suitable BccounlirvJ policiÈs and thÈn apply them consi5tenlty,' . observe the rn?Ihods and principles in the Charities SORP (FRS1021'. .make judgements and estimale5 Ihal are reasonable and prudent- ' Stale whether applicabte UK Accounting Standard5 Fiavè been followed, subject to any material departures disclosed and exJained in the financial statemenl5- prepare Ihefinancial siatements on the 9(ing concern basi5 unless il Es Inapproprfate tts prgsumg that lh8 charity will Contin in operation. The Trustees are responsible for kgeping proper aountIng records Ihal discbsewth reasonable accuracy al any lime lh8 financlal poslllon of the chadty and enable them lo ensure that the flnandal statements wmply Ih the Charllies Act 2011. the Charlbes (Accounls and Reports) Regulauon 2008 and the provisions of the trust deed. They are also responslble for safeguardlng the assets of Ihe charity and hence for taking reasonable sleps for the prevention and detection offraud and other IegulalIes. On beh8W ofih8 Boartl Jenny Biggam Tru$lee Dale.. L5 ioL(F
the7stars Foundation Independent Examiner's Report to the Trustees of the7stars Foundation I report lo Ihe ChaTIty Trustees on my examlnalion of the aocount$ of the Charity fot the yegr.encled 31 March 2023. Res onsibilities znd basis of re As the Charity Tnjslees of the frust you are rgsponsibl8 for the preparation of the accounts in agcoTdanco with the requirements of the Charibes AGI 2011 ('the AGt'). I report in respect of my exgmlnation of the Trust's accounts carried out under section 145 of the 2011 Act and In CaTWng out my exarninalion I have followed all the applieable Dire¢li¢)n5 given by Ihe Charity. Commission under section 145151{b) o* the Act. Indgpendent examlner's statement I have completed my examination. I confiTm that no mallers have come to my allention in ¢onneclton"wilh the examination giving me cause to'believe.. - accounting records were not kgpt in respect ol th8 Company as roqulrod by $ecllon 130 of th9 A¢L or 2. the a¢¢ounls do not acrd th those recottls,. or 3. the a¢¢ounts do nol compty wh the applicab requiremen& concerning the form and content of accounts set out in Ihg Charities (Accounts and Reports) Regulation5 20.08 other than any Tequirgmgnl Ihal th8 2C¢guntsgive a 'lrue 8nd falr vlew whlch18 not a matter consldered as part of an independent examlnaibn. I have no conceins and have come across no other matters in CLinnecliDn with the examination to Kthich attention shLyJld be drawn in thi5 report in orderto enable a properunder5tanding of the accounts lo l)e rea¢hed. ocfe -tr LLP Adam FullÉrton IFCA DChA) For and On Behalf of Mwre Klngstofi Smith LLP 9 Appdd Street London EC2A 24P Dale.. 25 January 2024
the7stars Foundation Statement of Financial Activities for the year ended 31 March 2023 Restrlcled Funds Year ènded 2023 UnTestrlcted FL*nds Year ended 2023 Totsl Year ended 2023 Total 'Yearended 2022 Note Income Incoming rp$our¢es .from Ganèratgd fund8 - Investment income 588 12 Charitable acti¥ties- Grants. Donation, elc. 276.582 276.582 239,750 Total 277,170 277170 Expenditure on.. Ralslng lunda 83,731 83,731 Gharilable act6vities 57,064 57.064 112.791 Total resources expended 140.795 140 795 Nèt in¢Dine 136,$75 136,375 126,971 Net movement In funds 136.375 136,375 12fi.971 Total funds brought forward 346,884 346,884 219,913 Total fund$ Garrrod forward 9.10 483,259 483.259 34fj,884
the7stars Foundation Balance Sheet At 31 March 2023 Note 2023 .2023 2022 2022 CURRENT ASSETS: Deblots Cash at bank ond In hand 188.825 296,834 485,659 235,954 114,130 350,084 CREDITORS: Amounls falling dug wlhin on8 year 12.400 3.200 Net Gurrent Asset9 483,259 346,884 Net Asset5 483,259 346,884 Fund5 Unrestrtcled Funds Restrlcled Funds 483.259 346.884 10 483.259 346.884 F"or Ihe""year ended 31 Mah 2023 Ihe Charity wa5 enlrfted ID exemption from audit under Charilies Act 2011. The financial slalemenls were approved by Ih&Trustees on JI i }Zland were signed on their behalf by.. Trustee.. Jert Biggam
the7stars Foundation Notes to the Financial Statements for the year ended 31 March 2023 Accounting Policies Charlty Informatlon Ihe7stars Foundation is a charity incorporated and regisler&d In England and Walgs. Yh• rgglstared olGe 15 6.9 Bush Housg, NDrth West Wingj 57 Aklwych, London. WC2B 4PJ. Basls of preparatlon The flnanclal 8tslements have been prepared in accordance Mpilhthe Financial Reporting Stondard applicable in the UK 8rKJ'Republic of Ireland IFRS 1021. The Gharity is a public benefit Èntity for the p.urposes ol FRS. 102 gnd therefore the Gharlty also prepared its financial statements in acccsrdance th the Stslement of Re(x)rnmended Pradce appllcable to charilies preparing their accounts in accordance wlth the Flnanclal Reportlng Standard appllcabk in the UK and Republic of Ireland (The FRS 102 Charit$ SQRPI and Ihe Charllles Act 2011. Thg flnancial $tslem8nls are propa¥ed In slerllng. whlch is the funcllonal ojrranoy of the company. Monetary a1)Unts In these linanclal statements ar6 rounded lo the nearest pound. Golng concam Th9 Trustges have assessed whether the use of thè going concern basis is approprfats and hav8 considered PDssible events or conditions that might casl significanl doubton Iho abllity of th9 ¢harlty lo continug as a going concern. Th8 Truslees have made this aEsessm&nt for a period of at leastone y8ar from the dal& of zpproval Of the finanoal slatsrn8nls. Aftgr making enquiries the Trustees have concluded Ihalth&re is a reasonable expertalion Ihal Ihg charilablg entity has adeqLfale resources lo continue in operational extslence.fDr the IDtBS888bb futiJr9, and theie are no material uncertainties aFe¢ting this assurnplion. The charity tlwefore rontinues lo adopt the going concern basis in prepariryq lis financial statements. Incomo All in(x)mg is recognised once the charlty has @nullemenl to Ihe Incom8. so It Is probable that the income will be received. and the amount of in¢ome rac8Evable can be measured reliably. For donations lo be recognised the charity will havE boen notili8d of the amounts and the setdemenl dale in WTiling. If Ihera ar& conditions attached lo lh9 donation and this requires a level of performance before enlrflèmont can be oblained then the income is deferred until those conditions are fully met or the lulfllmenl ol thos8 candiliDns is within th8 CDntrol of th8 thariiy and il is probable Iheywill be Exp8nditurg Liabilitie5 are recogniseda5 expendiiure.once there 15 a16gal or cmslruollve obllgatson commftfjng the harity lo that gxpgnditure, it is probable that Settment will ba required and the amwntof th8 obligation can bg measured reliably. Al 8xpendilure 15 accounted for on an accruals basis. Al expenses, includlng suppojtcosls whl¢h include gOV8manc& costs, ar8 alkcated lo charitablg activilies in.the statement ol flnancial act1lIes. Gi)vernance casts comprtse 811 cosls involving thepublic accountability of the chariy and its compliance with regulation and good practices, End these costs are included within support costs. Grants"are fully accwnled fol in'lhe year the grant 18 approved nolrfed to the beneficiery. Paymen15 falling due lfi later years are providéd for 08 a Ilability on the balance sheet.
the7stars Foundation Notes to the Financial Statements for the year ended 31 March 2023 Accountlng Pollcles Icontlnuèd) Allocatson of support costs Support cos15 are Ihose fijnctions that assist thè work of Ihe charity, but do not direclty undertake charitable actiwlies. SuppDrt Costs include office costs, governance c0515 and other administrative ¢0919. Where support costs cannot be directly attrlbuled to pardcular heading5 they have been allocated to cost of talslng funds an(J expendlltjre on charttabk advltle$ on a basls Consistenl wtth th¢ use ol rourCeS. Financial inslruments Deblors and Lreditors re1vable'Or payable within one year of the reporting date are carried initially al their transaction price and subsequenlty at selllement value. Debtor5 and creditors that are re1vable or payable in more than one year and not subject lo a market rale of interest are measured al the present value ol the expected future receipts or payment discounted at a marketrate OF InteSt Trade and other d8btors are rec(>3nised * th8 setll8m8nl amount due after any Llis(x)unt off8red. PrepaynEnts valued al the amixjnt prepaid aftEr takin9 account ol any trad8 di5counis du6. C8sh and cash 8qulvalents Include cash at banks and in hand and short term deposlts wllh a maturty data ol thrée months or16SS. Creditors and provisions #re recognised wher&fhe charty ha3 a present obligation reEulling from a past event Ihal will probably resull in the transfer of funds to B Ihird party and the amount due ID settle the obligation can be measured or eslimaled reliabty. Creditors and provisions are normally recognised at Ihelr settlementamounl after allong for any Irade Llls¢ounls due.. Fund a¢¢ounting Unrestrided funds are general funds thatare alIable'for Ihe use Bt the trusteEs' distTrtion ir* furtherance Df IhE d)jpctives of the charity. Restricted fUrS ar8 subj8Ct lo specific cDndilK)ns by donDrs as to h(iw ih8y may b8 U58d. Th purp059s and use& of lh8 restric18d funds are sel out in th8 notes lo the accounts. Designated funds Compri59 funds Trvhirh have b9en 591 asid8 al the disueliDn of the Trustees for specific purposes. The purp05e5 and uses of.1ho designated funds ar8 sel out in Tr>te5 lo the arcDunts. crttlcal AGcountlng Judgemgnts and Estlmat8S In application of ihe Charily'g accountlng policies. the board Is requlrecl to make ludgemen1s. esumates and assumptions about tho caTrying ornount of assets and11obilllies that ara hol roadlly app3rgnt from other soutcos. The estimalesand associated assumptlong are based on hl$1oTlcal experenGe and other factors that are cxjnsidered to berelevanl. Actual results may dlffer from these estimates. The ègtlm8tas and undèdySng as$umpUon$ ar8 ravl8wgd on an on.golng b8s1s. Rovlslons to aeerjuntlng eslimales are recognised in the period in which the eslimaie is rewsed, il the revislon affects only (hal. period, or in the periDd of fhe rewsion and fulure periods if Ihe revision affec15 both current and future Ther8 are no eslimales and assumptions which ar8 believed lo hav8 a signrficant risk Df causing a mater1 adjuslmenl to the carrying anThJJnl of assets and liabilities in the curnt or prior peri¢xl.
the7stars Foundation Notes to the Financial Statements for the year ended 31 March 2023 Z TOTAL RESOURCES EXPENDED Rfrstrlctgd Unrèstrlcte 2023 2023 Total 2023 Total 2022 Charttable Aedvitb$ Donations and grants- actlmties for youngKhWdren 29.,523 29,523 29,523 83,807 Governance and Administration Accountancy fees AdmlnLsltation Bank charges 3.514 24.009 18 3,514 24.009 18 3,850 25.117 17 .27,541 27,541 28,984 Total Re$tsurcp5 Expend on Charitable Activili85 112791 Themain furKllonaJ actfvlw of the Charily durfng the arWa5 to r8lièv8 the naeds and suffering of chilcsren ag8d 16 year5 and under in parbculars Ihose who face thallang8s r2us&d by homèbsÈness, addtiOn, abuse, or o may be rIng for 8 si¢k or adulL Average number of empbyee.5 wa5 - nil, work (hne by Truslee5 and Volunteers. No Employees received emoluments of£60.000. Th9 Charttydlcl not have any pakl empk>yeas durfng th& ar. Thè"Twstaes workgd on a voluntary ba8isHnd received no remuneralitsn. 3 TAXATION No Ilabilltyto UK Corpornllon Tax 8ro89 on ordluaryactivilie8 forthe y8?r ended 31sl March 2023. 4 TRUSTEES The Charity paid no emolum$n15 ta the Tru51ee5 éuring the year. INDEPENDENTEK4MINERS REMUNERATION Tha Ind•pand8nt Eyamlnefs Nmun0181ion amounts io a lee of £1400. 6 DEBfoRS: AMOUNTS FALLING DUE WITHIM ONE YEAR 2023 2022 Accruèd InrA)mè & pr*paymBnts 188.825 235.954 188,825 23S954 7 CREDITORS: AMOUNTS FALLING OUE WITHIN ONE YEAR 2023 2022 ArualS and dèlorred Income 2,41)0 3,200 10
the7stsrs Foundation Notes to the Financial Statements for the year ended 31 March 2023 8 CHARITY STATUS ThE Charty registered as a Chtritablè Incorporatèd OrganisatSon. Itls a registerèd Charity Ino. 11682401. g UNRESTRICTED FUND Currènt year Balanco 0110412022 IAovement Balance in Yoar 3110312023 Unrestrfd8d"funds Total 136,375 136.375 483.259 483.259 346,884 Prtor Balance 0110412021 Movomnt in Y•ar Balaneg 3110312022 UnrFslri¢ted Totsl 219,913 219,913 126.571 126,971 346.884 34fj.804 10 RESTRICTED FUNDS Tha Gh8rfly has no re8tricted funds. 11 AY81$ OF NET ASSEfs BETWEEN FUNDS Current year N8t Current Ass8ts Totsl Unrestrieled fund5 483,259 483,259 483,259 Prfor ar Net Current Assets Total Unresirlctwj fuhds 346.884 346,8B4 346.864 346.864 12 RELATED PARTYDISCLOSURE The Charity is controlled bylhe Trustees and there i& a close rejalionship wilh the7stars UKLimited, a tompany Inwrporaled in England. During th8 year Ih8 MPanY donated £188,82512022: £235,5941 to the Charfly. 11