Digitally Signed Document Document ID: F57042788478BA
Document Details
| Filename: | Charity Accs Feb 2024[3484560].pdf |
|---|---|
| Client of: | Connolly Accountants & Business Advisors Ltd |
Signature Details
| Name: | Peter Lee |
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| Email: | pglee17@yandex.com |
| Date & Time: | 09/10/2025 13:33:15 PM (BST) |
| IP Address: | 86.191.221.33 |
| Signing Statement: | Peter Lee agrees and approves the contents of this document. |
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| On behalf of: | Connolly Accountants & Business Advisors Ltd |
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REGISTERED CHARITY NUMBER: 1193451
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 29 February 2024
for
The STE Foundation
Connolly Accountants & Business Advisors Ltd Chartered Certified Accountants The Stable Yard 25-33 Vicarage Road Stony Stratford Milton Keynes Buckinghamshire MK11 1BN
THE STE FOUNDATION
Contents of the Financial Statements FOR THE YEAR ENDED 29 FEBRUARY 2024
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
The STE Foundation
Report of the Trustees FOR THE YEAR ENDED 29 FEBRUARY 2024
The trustees present their report with the financial statements of the charity for the year ended 29 February 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity's objectives, as set out in its constitution, are to promote community participation in healthy recreation by supporting the promotion of various types of sport and physical activity, with a particular emphasis on the all-round benefits this brings to both physical and mental health.
During the year, the charity did not carry out any activities or receive any income. The trustees remained focused on maintaining compliance with regulatory requirements and plan to begin active operations in the next financial year.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
No activities were carried out during the year.
FINANCIAL REVIEW
Reserves policy
As the charity had no income or funds, there is currently no reserves policy in place. The trustees will develop one when operations commence.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The STE Foundation is a Charitable Incorporated Organisation governed by a constitution dated 9[th] February 2021. The trustees are responsible for the overall governance and strategic direction of the charity.
TRUSTEES’ RESPONSIBILITIES
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy the financial position of the charity and enable them to ensure that the accounts comply with the Charities Act 2011. They are also responsible for preparing accounts which give a true and fair view of the charity’s affairs and for safeguarding the charity’s assets and taking reasonable steps for the prevention and detection of fraud and other irregularities.
STATEMENT OF EXEMPTION FROM AUDIT OR INDEPENDENT EXAMINATION
As the charity carried out no activities during the year and had no income or expenditure, it is exempt from the requirement for audit or independent examination under section 144(2) of the Charities Act 2011.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1193451
Principal address
Apartment 21 1 Point Wharf Road Brentford London
Trustees
P G Lee Y Mizuno A A Sheehan
Approved by order of the board of trustees on 7 October 2025 and signed on its behalf by:
P G Lee- Trustee
1
The STE Foundation
Balance Sheet
29 FEBRUARY 2024
| FIXED ASSETS Investments CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Unrestricted funds TOTAL FUNDS |
2024 Unrestricted fund £ - - - - - - - - - - |
2024 Total funds £ - - |
|---|---|---|
| - - - |
||
| - | ||
| - | ||
| - | ||
| - | ||
| - |
The financial statements were approved by the Board of Trustees and authorised for issue on 7 October 2025 and were signed on its behalf by:
P G Lee – Trustee
2
The STE Foundation
Notes to the Financial Statements FOR THE YEAR ENDED 29 FEBRUARY 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
The notes form part of these financial statements
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