ASTAR FOUNDATION LIMITED REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 Charity number 1173131 Company number 10740043
CONTENTS Page Report of the Trust statement of finan ial activities Balance sheet Notes to the financial statements 9-10 Independent examiner's report 11
Astsr Foundation Limited Report of the Trustees for the year ended 30 April 2025 REFERENCE AND ADMINISTrATION DETAILS Charity registration n mber. 1173131 Company registration number. 10740043 Principal address: 45 East Sheen Avenue, London, SW14 8AR Trustees The trustees who served during the year and to date of this report were". Michael Hughes Charles Pike STRUCTURE, GOVÈRNANCE AND MANAGEMENT The charity Is a charttable company limited by guarantee governed by its Memorandum and Articles of Association. The charity was incorporated on 25 April 2017 and was registered with the Charity Commission on 22 May 2017. The charity is governed by the boa1 of trustees who are also directors of the company. The board has met at regular intervals, rnostly by telephone, to discuss strategy and the future direction of the charity, and how to measure the success of the activiiies undertaken by the charity. The day-to-day operations of the charity are delegaled lo Ken Bonsu and Ron Wilson, with whom the trustees are in frequent contact in otder to be kept informed. Recruitment & appointhient of trnstees Trustees are recruited in conjunction with ongoing needs and skills analysis to provide balanced and informed govemance for the char5ty. New trustees are elected by the memberts or co-opted by the trustees. No more than 5 and no less than 2 persons may be elected. Appointments are for a term of three years after which Trustees may be re-appointed. Co-opted trustees may only hokl office for a period of three years.
Astar Foundation Limited Report of the Trustees for the year ended 30 April 2025 OBJECTIVES AND CTniiTIES The objecis of Astar Foundation Lirnited as set out in the Memorandum and AtsAes of AssocAa140n are as follows.. The Trnstees shall hpld the capital and income to apply the income and all or such parts of the capr(al- at such lime ortimes and in such manner to, orfor the benefrt of, such exclusively chariiable objects and purposes in any part of the world as the Trustees may in their discretion think fti. Public benefit The trustees have complied with the duty in section 4 of the 2011 Charities Act to have due regard to guidance published by the Charity Commtssion, including public benefrt guidance. We have referred to the Charity Commission's general guidance on public benefft when reviewing our aims and objectives and in planning our future adivities. The chaiity furthers its charitable purposes for the public benefit as follows.. The aim is lo build a support networf( for young people of all backgrounds and abilities, to enable them to play sport, mainly football, given this is where the exisling skills within the chartty Ile. Parents are included within the network to encourage their children to maintain their level of activity, at any level of skill, but particularty where the young person involved has excelled at the 5POrt and needs support and encouragement to continue to improve. or even be taken to an elite level where they might be signed by a club on professional tenns. ACHIEVEMENTS AND PERFORMANCE As befo. efftirts are still being made lo beneftl young people and 8 number of projecis are being considered. Additional fundraising efforts will need to be made in the future if these projects are to come to fruition. The main activity in the year concerned receiving a major donation and w01ng with a US charrty. which has identical objects to Astar, for the improvemenl of the heamh and diet of young people. FINANCIAL REVIEW The income of the charity amounted to £250,000 (2024.. £224) with net expenditufe of £338 (2024: £476). Reserves policy The charity continues to aim for reserves equal to six months operating costs. Unrestricted reserves at 30 April 2025 were £569 (2024: £907). As at 30 April 2025 the assets of the charity are considered adequate to fuffil its obligations and the trustees consider the state of our financial affairs to be satlsfactory.
Astar Foundation Limited Report of the Trustses for the year ended 30 April 2025 PLANS FOR THE F TURE The trustees will continue with their efforts to increase funding and to support projects for the benefrt of both adults and y ung people, whilst at the same time increasing awareness of the A Star brand. TRUSTEES. RESPONSIBIUTIES IN RELATION TO THE FINANCIAL STATEMENTS The charity trustees Iwho are also director5 of Astar Foundation Limited for the punyose of company law) are responsible for preparing a trustees. annual report and financial statemerrts in accordance with applicable law and United Kingdom Accounting Standards (Uniied Kingdom Generally Accepted Accounting Practice . Company law requires the charity trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the income and expenditu of the charttable company for that period. In pparing the financial statements, the trustees are require to: ' seleGt suitable acc(bunting policies and then apply them consistently: • obsetve the methods and principles in Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable to the Unrted Kingdom and Republic of Ireland (FRS 102) make judgements and estimates that a reasonable and prudent., ' state whether applicable Uniied Kingdom Accounting Standards have been followed. subject to any material departures that must b8 disclosed and explained in the financial statements., prepare the financi?1 statements on the going concem basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial posilion of the chartlable company and to enable them to ensure that the financial statements comply wtth the Companies Act 2006. They are also responsible for safeguarding the assets of the chaiity and taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity's website in accordance with legislation in the United Kingdom goveming the preparation and dissemination of financial statements.
Astar Foundation Limited Report of the Trustees for the year ended 30 Aprll 2025 SMALL COMPANY RULES This report, which has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within part 15 of the Companies Act 2006, was approved by the board on 16 Deoember 2025 and signed on its behalf. Charles Pike Trustee
Astsr Foundation Limited Stat ment of Financial Activities for the year ended 30 April 2025 (incorporallng an income and èxpenditure account) UnrestriGted Total and total funds funds Year ended Year ended 30 April 30 Apnl 2025 2024 Unrestricted Restricted funds funds Notes INCOME: Grants and donations including Gfft Aid Interest 2,500 247,500 250,000 150 74 TOTAL INCOME 247 500 250 000 224 EXPENDITURE: Grants and donation Project costs Freelance staff cos Professional fees Bank charges 247,500 247,500 1,500 500 800 38 200 1.500 500 800 38 500 TOTAL EXPENDITURE 247 500 250 338 700 NET EXPENDITURI Transfe between funds (338) (338) (476) NET MOVEMENT IN FUNDS 338 338 476 TOTAL FUNDS AT I NIAY 2024 907 907 1,383 TOTAL FUNDS AT 30 APRIL 2025 The notes on pages 9 to 10 form part of these financial stalements. The statement of financial activities includes 811 gains and losses in the year. All income and expenditure derive from continuing activiiies.
Astar Foundation Limited Balance Sheet at 30 April 2025 Company no. 10740043 2025 2024 Note CURRENT ASSET Cash at bank and in hand 1.369 1,307 LIABILITIES CREDITORS: amo one year nts falling due within 800 400 NEf CURRENT A ETS 569 907 NET ASSErs FUNDS OF THE C ARITY Unrestricted funds 569 907 TOTAL FUNDS The trust8es are sa an audit under secti requ8Sting an audit financial period. isfied that the company was entitled to exemption from the requirement to have n 477 of the Companies Act 2006 and confimi that no notice has been deposited under section 476 of the Companies Act 2006 in relation to the accounts for the The trustees ackn Act 2006 with resp ledg8 their responsibilities for complying with the requirements of the Companies ct to the accounting records and the preparation of accounts. The accounts. which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with FAS102 SORP. were approved by the board on 16 December 2025 and signed on its behalf. Charles Pike Trustee
Astar Foundation Limited Note to the financial statements for the year ended 30 April 2025 ACCOUNTING POLICI a) Accou Basis ) Basis or paration These financ in sterling an al staternents have been prepad forthe year to 30 April 2025 and are presented are rounded to the nearest pound. The account4 have been prepared in accordance wilh Accounting arKI Reporting by Chaiities.. ststement of ,Recommended Practice applicable to chariites preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effe(Xive 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting standaffj applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 201)S. Astar Foundation Limiied meets the definiiion of a public benefrt entty under FRS 102. Assets and liabilFties are inf(ially recognised ai historical cost or transaciK)n value unless otherwise stated in the relevafjt accounting policy note(s). H) PreatIO of the accounts on a going conLEm basis 11 remains the trustees. view that there are no material UnrtaIntieS regarding Astar Foundation Limtted's abiliiy to corrtinue in business for the foreseeable fuiure. Therefore, taking into account all available infomation. there is no intention or need to IiquKlate or Curtail materially the scale of its operation4, and the trustees have prepared the accounts on that assumption. b) Fund Acc, unts'n Unrestricted funds are available for use at the discretion of the tee5 in furtherance of the general objelives of the charity. - Restiicted Funds subjected to restrictions on their expenditure imposed by the donor or grant i• award or through the temis of an appeal. c) Income All income ts induded in the statement of financial aclivities when the charty is entiiled to the income and the amount can be quantified with reasonable accuracy. nditure Expenditure is reccNJnised on an accruals basis 8S 8 liabilty is incuffed. It is reported as part of the expendiiure to which it relates. Debtors Trdde and ot er debtors are recognised at the settlement amount due after any trade dtscount offered. Prepayments are valued at the amount prepaKI net of any trade discounts due. Cash At Bank And In Hand Cash at bank and cash in hand indudes cash and short temi highly liquid investments with short maturity of three months or Sess from the date of acquisriion or opening of the deposii or similar account.
Astsr Foundation Limited Notes to the financial statements for the year ended 30 April 2025 ACCOUNTI G POLICIES CONTINUED Credito C{Edito are recognised where the charty has a present ob[JatIon resulting from a past event that will probably resu in the transfer of fvnds to a third party and the amount due to settle the obligation can be measured or estimated reliabty. Creditors are nonnaSly renised at their settlement amount after allowing for any trade discounts due. Cash Flo Statement The charity has taken advantage of the eXeMlOn from preparing a cash flow staternerrt in accordance ith FRS 102 on the basis that it qualifies as a small enttiy. Co oration tax Astar Foundation Limited is a registered charity and as such its income and gains falling within Sections 471 to 489 of the Corporation Tax Aci 2010 or Section 256 of Taxation of Chargeable Gains Act 1992 are exempt from corporation tsx to the extent that they are applied to rts charitable objectives. 2. GRANTS PAYAB During the year, one grant of £247.500 was paid to Game Changers Foundation to support their work on the advancement of health (2024.. 1 grant of £200 was paNJ to community youth football teams). 3. TRUSTEES, RE UNERATION AND EXPENSES None of the twstees have been paid any remuneration or expenses during the year (2024: none). 4. CREDITORS: A OUNTS FALLING DUE WITHIN ONE YEAR 30 April 2025 30 April 2024 Accnjals and deferred income 800 400 800 400 5. COMPANY STATUS The company is a private company limited by guarantee and does not have share capital. The liabilty of the members is limited to £1 each. The company is incorpordted in England. Its registered office is 45 East Sheen Avenue, London, SW14 8AR. io
Astar Foundation Limited Ind pendent examinevs report for the year ended 30 April 2025 I report to the charilyitrustees on my examination of the accounts of the company for the year ended 30 April 2025, which are set out on pages 7 to 10. Responsibilities an basis of report As the Gharity's trnst ' es of the company (and also the direciors forthe purposes of company law) you are responsible for tye preparation of the accounts in accordance with the requirements of the Companies Act 2006,, (Ihe 2006 Act?. Having satisfied mysèlf that the accounts of the company are not required to be audiied under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of your charity's accounts as Caled out under section 145 of the Charrties Act 2011 (the '2011 Aci). In carrying out rny examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent exami er's ststement I have completed my examination. I confinn that no material matters have come to my attention in connection with the qxamination giving me cause to believe: accounting r cords were not kept in respe of the company as required by section 386 of the Companies Act 2006,. or the accounts do not accord with such ColS.. or the accounts do not comply with relevant accounting requirements under seciion 396 of the Companies Act 2006 other than any requirement that the accounts give a Irue and fairf view which is not a matter consKlered as part of an independent examination,. or the accounts have not been prepared in accordance with the Charikies SORP {FRS102). I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reac ' Sam Farren FCA Sevenoaks 19 January 2026 11