REGISTERED CHARITY NUMBER: 1201431 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OECEMBER 2023 FOR THE DIANA STARTIN CHARITABLE TRUST LDP Luckmans 1110 Ellioll Court Coventry Business Park Herald Avenue Covontry Wesl Midlahds CV5 6UB
THE DIANA STARTIN CHARITABLE TRUST CONTENTS OF THE FINANCIAL STATEMENTS forthg year ended 31 December 2023 Page Refarenca and Admlnlstratlvo Detalls Report of thg Trustoos Indopondent ExamlneVs Report statement of Financial Activities Balance Sheèt Notes to th¥ Finan¢lal Statsmgnts 7 to 12 Dotsiled Ststgm•ntof Flnan¢l81 Actlvltl•8
THE DIANA STARTIN CHARITABLE TRUST REFERENCE AND ADMINISTRATIVE DETAILS for thg year ondod 31 Docember 2023 TRUSTEES Dr R Gadsby D S D Lodder Ms D R W Slartln P Gr@@n PRINCIPAL ADDRESS The Paddoek8 School Lanè Exhall Coventry W¢sl Midlands CV7 9GF REGISTERED CHARITY NUMBER 1201431 INDEPENDENT EXAMINER LDP Luckmans 1110 Elliott Court Coveniry Busin¢ss Park Hera Avenue Covet)try West Midland5 CV5 SUB SOLICITORS Lodders Solicitors LLP 10 Elm Court Ardgn Street Slralford-UponAvon CV37 6PA BANKERS CAF Bank Ltd 25 Kings Ptill Avenue Kings Hill Vvest Malling Kent ME19 4JQ Page 1
THE DIANA 8TARTIN CHARITABLE TRUST REPORT OF THE TRUSTEES fortho y$ar &ndgd 31 Dec•mb•r 2023 The trustees present their report with the finanek41 statements of th8 charity for the year ended 31 Dember 2023. The trustees Iiave adopted the provisions ol Accounting and Reporting by Charities: Slalemenl of Recommended Pradl¢e appll¢able lo ¢harilies preparing Iheir ac¢ounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191. OBJECTIVES AND ACTIVITIES Obj•¢tlVg3 and aims The Trusl¢os hold tho trust fvnd and th¢ In¢oM¢ of il upon trust first lo pay from h all prOr ¢osts ond expenses incurred by the Iru8lees in administering the charity and the trust fund and subject lo that to pay Dr aPY and lif and whgn and in such proportions as the trustèes in their ab801utè di8cr&tion think fit) tha whole or any part or parts of the capital of the trust fund lo il for such charitable inslilulion or institutions or other charitsble oblect or objects in 8ny psrt of the world whlch havè as their main oblècls 8ny of thè following.. lal H81ping th8 old, Sk, disabled and the disadvantaged,. Ib} Relieve ol patients suffering from cancer. Parkinson's disease and strokes induding medical research into such disease., (c) Enhancement of the natural environment,. Idl Provi8lon of a burial ground for St. Giles Church. Exhall,. {el For such other Charitab purpcsses as the Iruslees in their absolute di8crelion dec4de. Slgnifi¢ant a¢tivltio$ The Trustees meet regularly to 8elect appropriats In81ilulions lo rnaktr dvn&tlons lo. The giving of those donalw$ helps to achieve the objectives set OLrt above. Public bèftefit In setting oble¢tSves and plannlng for activill08, the Trustges have given due conslderallon to general guldance published by the Charity Commission relating lo wblic benefit. including the guidance 'Public benefit.. wunning a ¢harfty {P821'. Grantmaklng The Trustees meet regularfy lo select appropriato in$lilulions lo mako donations to. Donations are made wilhoul any commitment to future funding. ACHIEVEMENT AND PERFORMANCE Charitablg a¢tivitlgS The charity has mad& £112.77612022'. £Nill of ch8ritabl8 donations during th& yaar and has continued to SUPPDrt a wide range ol charitable causes. FINANCIAL REVIEW FIMan¢ial poyition The charity has received £115,614 12022., £2Jfo,2291 from don&tlon$, indudSng glft aid an(J depogEt account intei'esl. Expenditure on chai'itable activities wag £112,77$ {2022.' £Nil) willi suppoil costs of £23.93312022.' £811. Nel movement in funds wa5 a deficit 01 £21,095 12022.. 8urplus 01 £250.1481 giving lunds carried fotward of £226,07312022'. £247.168) comprising entirely ol unrestricted funds. Èeyvès poll¢y The ¢harfty held unrostrl¢ttsd funds at the end of the year 01 £226,073 12022.. £247,1f8}. These reserves aro considered adequate by the Trustees. In view of the nalure of the charity, Ihe Iruslees are satisfied thal no formal level ol reserves are required, as donalw)ns are only made when there are available funds. and the charily does not hav8 any li2bilitiÈg to mak8 donations. STRUCTURE, GOVERNANCE AND PJIANAGEMENT Govoynlng documènt The charity i¥ controlled by its governing dwumenl. a deed of trust aiid conslilules an unincorporated thai-ity. Page 2
THE DIANA STARTIN CHARITABLE TRUST REPORT OF THE TRUSTEES far th8 yèar ended 31 Dgcemher 2023 STRUCTURE, GOVERNANCE AND MANAGEPJIENT Charity constitution The Diana Startin CharitaNe Trust is a registered charity. number 1201431, and 1$ constituted under thè Trust Deed dated 17 December 2008 as amended by Deed TN8t dated 31 August 2017. Recruitment and appointment of ngw trusts The charity shall c¢mpri$è of at1É8st three trustees each of whom are appointed by a resolullon of the trustses pa$$ed al a 8pe(xal m88ting. The appti¢nlmenl of trustees 18 contained wlthin the Deed of Trust. Rlsk managament The Iruslees have a duty to Identify and rèvièw tho risks to which the charity is exposed a)d to en8ure appropriat& controls are in place lo provide reasonable assurance again81 fraud and error. EVENTS SINCE THE END OF THE YEAR Information relating to events since the end of the yearlg given In the notes to Ihe anCial slaten*nts. STATEMENT OF TRUSTEES. RESPONSIBILITIES The Iru$lees are responsible for preparing the Report of the Truste08 and the finanryal statements in accordance th appllcable law and United Ksngdom Accounting Standards (United Kingdom Geneially Accepted Accounting Pra¢li¢el. The law ap[lble lo charities in England and Wales, Ihg Charikn Act 2011, Charity (Accounts and Reports} Regulations 2008 and the provision8 ol tho trusl deed requires the trustees lo prepgre financial ststemenls for each financl81 yèar whith give a true and fair view of the stale of affairs of Ihe charity and Of the incoming resourcos and application of re80ur¢es, induding the incom¢ and expenditure. of the charity for that pèriod. In preparlng those finan(xal statemenlg. th& truste6s aro raquired to select suitable accounting policles and then apply them consistently.. obseNe the method8 and principles in the Charity SORP.. make judgements and estimates that aro reasonable and prudent., prepare the fjnancial slalèmènts on the going concern basis unle88 It 18 Inappropriat8 to presume that the charity will Continue in business. The tru81ee8 are re$ponsible for keepir4J prtsper aceounllng records whlch disdose with reasonable accura¢y at any lim¢ the ffinanci31 position tsf the ¢harfly and to ènable them lo ensure that the financial stsl¢ments comply with th8 Charities knt 2011, the Charity (Accounts and Reports) Regulations 2008 and the provision8 oTrf the trust deed. Thay also responsible for safeguarding the assets of the charity and hence for taking rea80n8ble steps for the prevention and detection of fiaud and ¢th¢r irregularities. Approved by order of the board of Irustee8 on .1fF1 su#....?.t.l4.... and signed on 6t8 behalf by.. Ms R VW Startin- Trustée Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE DIANA STARTIN CHARITABLE TRUST Ind¢pendenl gxamlnefs report to the trLtstees of Thè D18na Startln CharSlable Trust I report to the charily trustee$ on my examination of the accounts ol The Dlana Stsrtin Charitable Trust (the Trust) for thé yéar ended 31 December 2023. Responsibllitlgs and basls of report As the charity twsleès of the Trust you are responsibl¢ for the preparation of the accounts in accordaneA wtth the requlr8ments of the Charities Act 20111lha Aci'l. I reporl in respect ol my examination of the Tlusls accounts carriGd out under Section 145 01 th8 Act and in carrying oul my examination I have folltswed 811 applicab18 thré¢lions given by the Charity Commis&on under Sedion 145151{bl ol Act. Indèpèndent examineffs statement I have complele¢J my examination. I confirm that no matèrial mallers have come to my attentlon In ¢onnection with the examiv)ation giving mo Gause to believe that in any mat8rial respect., accounting records were not képt in r&qpee.t of the Trust as required by Section 130 of the Act., or thp a¢¢ounts do not acc<)rd with thosa racords- or the accounts do not cOmY with the appli¢able requirements conceming Ihe form and conlenl of accounts sel out in the Charities IA¢counts and Reports) Regulallons 2008 other than any requirement that the accounts give a tru6 and fair view which is not a maller considered as part ol an Independent examination. I have no concerns and have come across no other matters in connection with tha èxamination lo whith attention should be drawn in this report In order to enable a proper understanding of the ac£ounts to be reached. Nlck Walerhouse•Brown FCA CTA The Institute ol Chartered Accountants in En Jand and Wales LDP Luckrnans 1110 Elliott Court Coventry Business Park Herald Av8nu8 Coventry West Midlands CV5 6UB Dale.. Page 4
THE DIANA STARTIN CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES fortho year ènd•d 21 Dècèmbar 2023 2023 UnTe8tr¢caed fund 2022 Totsl fijnds Note8 INCOME AND ENDOWMENTS FROM Donations and legacies 115.000 250,000 Investment income 614 229 Total 115,614 250.229 EXPENDITURE ON Charitable actlvitles Charitable donations Govèrnance costs 112.77 23,776 Olhar ¢xpendllLJre 157 81 Total 136.709 81 NET INCOMEIIEXPENDITUREI 121,0951 250,148 RECONCILIATION OF FUNDS Total funds brought forward 247,188 12.9801 TOTAL FUNDS CARRIED FORWARD 226,073 247,168 CONTINUING OPERATIONS All incom8 and exp&)diture has arisen frDm ¢onlinuing activities. The ststement of financial acllvilles Includes all galns and losse8 recognised Sn tho year. The nolBs form part of these financial statements Page 5
THE DIANA STARTIN CHARITABLE TRUST BALANCE SHEET 31 December 2023 2023 Unrestrictèd fund 2022 Total fund3 Notes CURRENT ASSETS Cash al bank 250.201 250.520 CREDITORS Amounts falling due wilhln one year 124,128) 13,3521 NET CURRENT ASSETS 226,073 247.168 TOTAL ASSETS LESS CURRENT LIABILITIES 226,073 247,168 NET ASSETS 226,073 247,168 FUNDS Unrestricted fund$ 226,073 247.168 TOTAL FUNDS 226,073 247.168 The financial slalements were approved by the Board of Trustees an¢J aLrthorlsed for issue on .i.trh .(..£....2Q..'W... and were signed on its behalf by.. reen- rustee D R WSlartin- Trustee - Trustee Thè nolas form part of these finand81 slal*mants Page 6
THE DIANA STARTIN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS for the yoar ond$d 31 December 2023 ACCOUNTING POLICIE3 Basls of preparlrtg th8 financlal statèm•nts Tho finan¢lal statements of the charity. whith 18 a public bon¢fil entity under FRS 102. have been prepared in accordan with the ChariliÈs SORP IFRS 1021 'Accounting and Reporting by CharSties.' statement of Recommended pracCe applicable to charities preparing their aocounts in accordance with the Finan¢ial Reporting Standard applicable in Ihe UK and Republic of Ireland IFRS 1021 (¢ffodive 1 January 20191,. Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republ1¢ of Irèland, and th& Charities Act 2011. The finarrial statements have been prepared der the historical cost convention. Going concern Durinu thè year the Iruslees setyp The Diana Startin FoutKlthn CIO the int6nlion lo transfer the assets of the trust to the charilable incorporated organisalion from which Ihe objects of tha Charit8bl Trust would be carried out in the fvlure. Subs&quonl lo the balance sheet dale the trustees entered inio an agreement in relation lo the transfer of assets, The Iruglees have therefo not considered it appropriate lo adopt the golng ¢onGem basis of accounling in preparlng thé finanaal statements Accordingly, tho financial sialemenl8 have bo¢n PPad on a basis other than going cencÉrn basis. There were no adluglmÉnts r8quir&d as a resuk ofthe basi8 Other than going ¢oncem. Income All income 18 rewgni8ed in the Slalement of Financial Activitie8 onc& th8 charlty has enliuement to the nd8, 11 is probabla that the income will be received and the amount can b8 measured reliably. Exp9ndituro Li8biliti•s are recognised as expenLliture as Soon as there is a legal or constructive obligation uommitting the charity to that oxpendilure. It is probable that a transfer of e¢onomio b&nefts will be required in settlement and tha amount of the obligation can be moasured reliably. Expenditure is a¢countèd for on an accruals basis and has been dassifièd under headings that aggregats all ¢081 related to the category. Vvherg costs cannol b8 direclly allribuled to particular hoadings they have been allocated to actbvitles on 8 basis nSistenI with the use Of resour¢ès. Grants offered subject to conditions which have nol ba8n mel al the year end dato aro noted as a comrnitmenl bul not accrued a8 expenditure. Taxatlon The charSty Is exempt from tax on bts charitable a¢tlviliès. Fund accouiiting General lund8 are unrestricted funds which are available lor use at the discrolion ol the "Irustees in furtherance Df the general objectives of the charity and whith havè not b88n desi9naled for other purposes. Cash at bank Cash al bank represents short-temi highly liquid investments with 8 short maturity of the months or less fiom thè dale ol opening of the dep¢11 or simi18r a¢¢ount. Page'l continued...
THE DIANA STARTIN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS- contlnued forthe year gndod 310tr¢gmr 2023 DONATIONS AND LEGACIES 2023 2022 Donations and gift8 Gift ald 42,000 73.000 250.000 115,000 250,000 INVESTMENT INCOME 2023 2022 Deposit gccounl int8r8st 814 229 CHARITABLE ACTIVITIES COSTS Grant funding of adiwlies IsèÈ not@ 51 Support costs (see nol& 61 Totals Charitable donations Governance ¢0818 112.776 112,776 23.776 23,778 112,778 23.776 136,552 GRANTS PAYABLE 2023 2022 Charitable donatlons 112.776 The charity has lakpn Ihg slalulory ¢xemplion under Charity law from dlsclo$lng the names of gr8nt r&cipiénts duiit¥J the lifetime of the seltlor of the Iw8t. Grant8 mad& are categorised as follS= 2023 2022 Healthcare Pr8v&ntion & relief of poverty Animal welfare Wldlife rtt5¢uÈ & ¥èhabiltiabon Farming Gommunity Churth community Arts & culture 50,000 17,000 20.776 5.000 5,000 10,000 5,000 112,776 Page 8 contsnued...
THE DIANA STARTIN CHARITABLE TRUST NOTES TO THE FINANCIAL 5TATEMENTS- continugd for the year ended 31 D8cember 2023 SUPPORT COSTS Governan ¢osts Finance Totals Other resources expended Governance costs 157 157 23.776 23.776 157 23,776 23.933 Support cos15, Indu¢Jed in thfj above, are a8 follo-. Financè 2023 Other resour8 exp&nded 2022 Totsi activities Bank fees 157 81 Gov¢rnance costs 2023 Governance 2022 Total activitie8 Legal fees Accounlan¢y fees 21.376 2,400 23.776 TRUSTEES. REMUNERATION AND BENEFITS There were no Irustee8' remunoration or other bènefits lor the year ended 31 December 2023 nor for the year ended 31 December 2022. Trust8os' expensg There were no Irustses, expenses paid for Ihg yéar ended 3.1 Decombor 2023 nor for the year onded 31 December 2022. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrèstiithd fund INCOME AND ENDOWMENTS FROM Donallons and legac4es 250.000 Inveslmenl income 229 TolAI 250.229 EXPENDITURE ON Page 9 contInU...
THE DIANA STARTIN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS- contInd for thg yoar gnded 31 Decembgr 2023 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- conUnu8cI UnreElrided fund Other expendlture 81 NET INCOME 250,148 RECONCILIATION OF FUNDS Total fttnds broLtght foTh¥ard {2,9801 TOTAL FUNDS CARRIED FORWARD 247.168 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Trade cwdltors othor creditors 16.317 7.811 3,352 24.128 3.352 10. MOVEMENT IN FUNDS N81 movement in funds Al 31.12.23 At1.1.23 Unro$trf¢ted fund$ G6neral lund 247.168 {21.095) 226,073 TOTAL FUNDS 247,168 {21.095) 226.073 Net movement in funds, Indud&d in the above a as follows: Incoming resources Resources expended Movement In fund Unrastrlctod funds General fund 115,614 If 36.7091 (21,095) TOTAL FUNDS 115,814 1136.7091 (21.095} Page 10 continued...
THE DIANA STARTIN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS- continuèd forthe year endod 31 December 2023 10. MOVEMENT IN FUNDS- contlnued Comparatives for movem¢nf In funds Net movèment in funds At 31.12.22 At1.1.22 Unmtrlcted funds General fund 12.980) 250.148 247,168 TOTAL FUNDS (2.9801 250.148 247,1e8 Comparative ngt movement in funds, included in the above are as followg.. Incoming resour8 Resourc&s expended Movement in funds Unrestri¢t8d funds General fund 250229 1811 250,148 TOTAL FUNDS 250,229 181) 250.148 A current year 12 months and prtor year 12 month8 Combined po811ion is as foll Nel movement in funds At 31.12.23 A11.1.22 Unrestricted funds General lund 12,9801 229,053 226,073 TOTAL FUNDS (2,98Ql 229,053 228.073 A cutrenl year 12 months and PFior year 12 mrmlhs cornblned net m¢vèmenl in funds, In¢lUd in the abDve are as follows.. IncoThing rèsouices Resoureés expended Movement in funds Unrestricted fvnds Genèral fijnd 365,843 1136,7SOI 229,053 TOTAL FUNDS 365.843 1136,7901 229,053 Page11 continued...
THE DIANA STARTIN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS- continug forthg yoar ond•d 31 D•eambèY 2023 11. RELATED PARTY DISCLOSURES During the year, the charity made the followin9 donation8 lo charities With Truslees1n comm. 2D23 2022 Pregnancy Slckness Support Tha Farming Community Nelwork 5,DDO 10,000 During th8 year, the ¢harfty received donalions of £42,000 (2022., £250.0001 from a Twstee. In¢luded wllhln Other ¢redilor8 is £3.3521£2022.' £3.3521 owed to a Trustee, 12. POST BALANCE SHEET EVENTS On 28th February 2024 the charitable trust entered Into an agr¢omonl with The Diana Slartln Foundah'on CIO (charity number 12024271 to Iransler ils as8ets including ils aotivily as a going conc&rn. in accord8n¢e th the order of the Charity Commission datÈd 31st M8y 2023. Page 12
THE DIANA STARTIN CHARITABLE TRUST DETAILED STATEMENT OF FINANCIAL ACTIVITIES for th& yèar ènded 31 Dgcgmber 2023 2023 2022 INCOMEAND ENDOWMENTS Donatlons and legacies Donations and gifts Gift ai 42.000 73,000 2S0.OOD 115,CK)O 250,000 Invgstmgnt in¢om¢ Deposit aocount interest 614 229 Total Incoming resourcos 115,614 250.229 EXPENDITURE Charitablè a¢tlvitl•s Grants lo institutions 112,776 Support costs FSnance Bank fees 157 81 Governance ¢08ts Legal fees Accountancy fe65 21,376 2,400 23,776 Total rosources expended 136,709 81 Nat18xp8nditur•yincome 121,0951 250.148 Thi8 page does not form part ol the slalulory finanaal statements P8gÈ13