REGISTERED CHARI NUMBER: 1202427 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 21 PJIARCH 2023 TO 31 DECEMBER 2023 FOR THE DIANA STARTIN FOUNDATION CIO
THE DIANA STARTIN FOUNDATION CIO CONTENTS OF THE FINANCIAL STATEMENTS for the perlod 21 March 2023 to 31 December 2023 Page Report of the Trustees 2to4 Statement of Financial Activities Balance Sheet Notes to the Flnanclal Statement5 7t08 Detailed Statement of Flnanelal Activities
THE DIANA STARTIN FOUNDATION CIO REPORT OF THE TRUSTEES for the period 21 March 2023 to 31 December 2023 The trustees who are also d1ctorS of the charity foi the purposes of the Companies Act 2006, present their Teport with the financial statements of the charity for the period ended 31 December 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice appll¢able lo ¢h81ilies prepadng their a¢counls in a¢¢ordance with the Finantyal Reporting Standard applicabl the UK 8nd Republic of IrèlarKI (FRS 10211gffedive 1 Janu8ry 20191. OBJECTIVES AND ACTIVITIES Objectlves and alms The CIO was incotporalèd on 21 March 2023 undèr thè namg Tho Diana Ststtin Foundation CIO {Charitsbla InoofPOTOtcd Orgap)isationl under thc Charity Numbcr 1202427. The object of the CIO is to advance such charitable purposes laccording to the law of England and Wales) a5 the Trustees see fil from time to lime I'lhe Objects.?. Nothing in the constitution shall authorise an application of Ihe property of the CIO for the purposes which are not charitable in accordance with Section 2 of the Charities Act 2011. Signrficant activities The Trusl8es meet re9ularty lo select appTopriale in8tilutK)ns lo make donab'on$ Its. Tho giving of thès& donations helps to achiè¥8 the objectives set out above. Public beneflt In setting objectives and planning for activities, the Trustee5 have given undue consideration to general guidance published by the Charity Commission relatin9 to public benefft, induding the guidancè'Public b8nèfrt.' running a charity (PB2)'. Grant maklng The Truslees meet regulaty to seled appropriate institutions to make donatsons lo. Donations are made wilhoul any commitment to future funding. ACMIErfEMENT AND PERFORMANCE Charftable a¢tlviti The CIO did not make any charitable donations during the period, as it did not receive any donations until the current financial year when it commenced supporting a wde range of charitable causes. FINANCIAL REvfEW Flnanttlal posltlon The CIO did not receive any donations during the period. however. certain costs were incurred in connection with ltte adminislratiort of the CIO during the period lo 31 De¢embor 2023 and a$ such these costs are accrued in these financial slalemen15. Consequently. net movement in funds for the riod amc)unted to £4,505 defidl giving Tise lo n81 liabilities 01 £4.505 8t the balance sheet date compnsing of entirèly unrestricted funds. This d8fiat is eliminated in the curr8nt financial ye8T followng signfficant donations recèived from a major trustee. Reserye8 poll¢y The Trustees have reviewed the reserves ofthe CIO. In view ol the nature of the CIO'S a¢tiVsty. the TTu3lees are satisfied that no f(Yrytal level of reserves are required, as donations are onty madtr when there are ¥vai18bl& fund$. and the CIO does not have any liabilities to mak8 donatsons. STRUCTURE, GOVERNANCE AND MANAGEMENT Goveming do¢ument The GIO is controlled by its goveming document. Ihe Conslitutivn, dated 21 March 2023. Recruitm¢nt and Appolntm•nt of New Trusteos The CIO shall comprise of al least three charity Iruslees appointed by a re$olulion passed at a property convened meeting of the Gharity ITustee5 for such a period a5 the chaTity Irtjslees may deleTtnine.
THE DIANA STARTIN FOUNDATION CIO REPORT OF THE TRUSTEES continued for the period 21 March 2023 to 31 December 2023 In selecting individuals for appointtnent as charity Iruslees, the charity trustees must have regard lo the skills. knowledge and experience needed for the effective administratson of the CIO. Rlsk management The Tslee$ have a duly lo identify and revièw the risks Its vthich the challly is exposed and to ensure appropriate contro15 aFe in place lo provide reasonable assuiance against fraud and error. EVENTS SINCE THE PERIOD END Infoimation relating to events since the peiiod end is given in the notes lo the financial statements. STATEMENT OF TRUSTEES. RESPONSIBILITIES Charity law requirès the Iruslees lo prepare financial statements for each financial ye8r which show a true and fair view ol the State of affairs ol the charity and its finanaal activities for that period. In preparing those financial staternents. the trustees are required to.. Select suitable accounting poliaes and then apply them consistently., Mak8 judgements and estimates that a reasonablè and prudent., State wheth8r applicable accounting standards and statements of recornmended practice have been followed subject to any mateiial departUTes disclosed and explained in the financial ststements., and Preparing the financial statements orb the going conc8m basis unless il is inappropriate to piesume that the charity will conltnue in operattonal existence. The truslees are responsible lor keeping proper accounting records which disclose with reasonable accuracy 818ny lime the financial position of the tharity and to enable them lo ensure that the financial statements comply wth the Charities Act 2011. They are 50 responsible for safeguarding the as5et5 of the chafity and hence for taking reasonable stèps for the prevention and detection of fraud and olher srregularities. REFERENCE AND ADMINISTRATIVE DETAILS Registerèd Charity Number 1202427 Principal addro$$ The Paddocks School Lane Exhall Coventry West Midlands CV7 9GF TnTr$tee¥ Dr R Gad5by D S D Lodder Ms D R W Startin N A Waterhouse-Brown Ms L Igoe JAIRouse 8ppoinled 21.03.2023 appointed 21.03.2023 appointed 21.03.2023 appointed 21.03.2023 appointed 21.03.2023 resigned 28.02.2024 appointed 28.02.2024
THE DIANA STARTIN FOUNDATION CIQ REPORT OF THE TRUSTEES continued forthe perlod 21 March 2023 to 31 December2023 Solleitors Lodder5 50licitors LLP 10 Elin Coul I Arden Street Stratford-Upon-Avon CV37 6PA Bankèr¥ CAF Bank Ltd 25 Kings Hill Avenue King5 Hill West Malting Kent ME19 4Ja Approved by order ofthe board of trustees on ..3.Q.......O.(kty...I)l.¥and signed on its behalf by". MS D R W Startin- Trustee
THE DIANA STARTIN FOUNDATION CIO STATEMENT OF FINANCIAL ACTIVITIES for the period 21 March 2023 to 31 Dec•mb•r 2023 Unre¥*r4cl fvnd Noto INCOME AND ENDOWMENTS FROhl Donath'ons and legaoes Total EXPENDMJRE ON Raising funds ch•r1t•b activitF88 Charilabie 2cIIv1bÈs 4.505 Total 4.505 NET EXPENDITURE 14.5051 TOTAL FUNDS CARRIED FORWARD 14.5051 The notes on pa9tr& 7 to 8 forili yaTI vl Illi> fil1dii >tslyiTiyiIL
THE DIANA STARTIN FOUNDATION CIO BALANCE SHEET 31 Decernber 2023 Unre$irf¢ted funds Note CREorroRS Arnounl¥ falling dug wrthin onÉ year 14,50SI NET LIABIUTIES 14.505} FUNDS Unre51ricted fund5 14.5051 14.505) The charitable company is entitled to exemption from audit und$r Séetiort 477 tsf the Companias Act 20(£ for thè pefiod end8d 31 December 2023. The membèrs have not required the Company to obtain an audit of ils financial statem&nts for the period ended 31 D8cemb•i 2023 in aecoTd8ftco wth Saction 476 of the Companies Act 2006. The trustees acknowledge their Tesponsibilibes for lal ensuring that the charitable cornpany keeps •e¢ounting TÈeord$ that e<)mply with S@etions 386 and 387 of the Companies Act 201 and preparing financial statements which give a true and fair view of the 8tsle of affairs of the charitsble company as at the end of each financial year and of its surplus or deficit for éach financi81 year in accordance with thè iequiremenls of Section5 394 and 395 and which otherwise Comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the ¢harttable company. Ibl These finanaal statements have been prepared in accordance with the prowsion5 applicable to charitable companies subject to the small companie5 regirne. The financial statements were approved by the BoaTd of Tru$t8ès and authoris8d for issuè on o.(kn....%.oS*........ and were signed on ils behall by.. MsDRWStsrt' - Trustee J A I Rouse- Trustee
THE DIANA sfARTIN FOUNDATION CIO NOTES TO THE FINANCIAL STATEMENTS forthe period 21 March 2023 to 31 Dernber 2023 ACCOUNTING POUCIES Basls of preparing the financial statements The financial statements of the charitable company, which is a public benefrt enlily under FRS 102, have been prepared in accordance wlh the Charities SORP IFRS 1021 AcGounling and Reporting by Charities.. Slalement of Recommended Practice applicable to charities preparing their accounts in accordance wth the Finanal Reporting Standard applicable In the UK and Republic of Ireland IFRS 102119ffgetlVg 1 January 20191,, Financial Ropothn9 Standard 102'Th& Financial Fteporting Standard applicable In the UK 8nd Republic of Ireland. and the Companies Act 2006. The financial statements have been prepared under the historical cosl convention. Incomè All incomè is rècogntséd in Ihe Statement of Financial Adivify'es once the Gharrty has entillemenl to the fijnds. il is probable that the income wll be received and the amount can be measured reliabty. Expenditu Liabilities are recognised as expendituie a5 500n as there is a legal or conslruclive obligation committing the ¢harily to that expenditure. it Is probable that a transfer of econornic benefits will be required In 5ettlernent and the amount ol the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregale all cost related to the category. Where costs cannot be diFeclly altribuled to particular headings they have been an¢)caled lo aclivities on a basis consistent wth th8 of resourc£8. Taxation Tho charty rs exempt from corporation tax on its charitable aclivilies. Reserves polley The Trustees have reviewed the reserves of the CIO. In view of the nature of the CIO'S activity. the Truslees are satisfied that no formal level ol reserves are required, as donation5 are only made when there are a¥ailable lunds, and the CIO doe5 not have any liabslrtses to make donalions. Fund accounting Unrestricted funds can used in awTdance with the charitable objectives at th¢ discTetitsn of the IruiDt¥¢b. Rèstricted funds can only be used for particular restricted purposes wrthin the objects of the charity. Restnctions 8Tise when sperified by the donor or when funds ale raised for particular restricted purposes. Further explanation of the nature and purpose of each fund 15 included in the notes lo the finanaal slalements. NET INCOMEIIEXPENDITURE) Net incomellexpenditurel is stated after charging= 2023 Acctsunlancy fees 1.200
THE DIANA STARTIN FOUNDATION CIO NOTES TO THE FINANCIAL STATEMENTS for the period 21 March 2023 to 31 December 2023 TRUSTEES, REMUNERATION AND BENEFITS There We no tru$tees' remuneration or other benefits for the period ended 31 December 2023. Tru•t••s' •xp•n8•9 Thère wore no trust6es' expenseg paid for the period ended 31 December 2023. CREDoRS.. AMOUNTS FALLING DUE WITHIN ONE YEAR Aecrued expen$os 4,505 MOVEMENT IN FUNDS Net movement in fvnds At 31.12.23 Unrestrlcted funds Gener81 fvnd 4.505 4,505 TOTAL FUNDS 4.505 4,505 Not m¢>vèmant In fvnd8, 1*)cludod In th8 abov8 ar8 as follow8.' Incoming resourc8S Resources èxpended Movement in funds Unrestricted funds General fund (4,505) 14,5051 TOTAL FUNDS {4.505) 14,5051 RELATED PARTY DISCLOSURES There were no related party Irans3ctions for lh8 period ènded 31 December 2023. Trustee5' èxpènsos There were no trustees. expenses paid for the period 8nd8d 31 Docember 2023. POST BALANCE SHEET EVENTS On 28 February 2024, the CIO enlered into an agreement wth The Diana Startin Charita0 Trust for th¢ transf6r of 811 ès5•ts 8nd liabilities from the related party. On 16 S&ptember 2024. Ms D R W Startin, a Ifuslee, donated land to Ihg CIO.
THE DIANA STARTIN FOUNDATION CIO DETAILED STATEMENT OF FINANCIAL ACTIVITIES forthe period 21 March 2023 to 31 December 2023 Unrestricted funds INCOME AND ENDOWMENTS FROM Donations and legaues Total IncominÉ resources EXPENDITURE Chorilable acti¥itleg Support Costs Govemance costs Legal fees Accountancy fees 3,305 1.200 4,505 Total resources expenses 4,505 Net {expenditure) {4,505)