Trustees Report for 2019

 

The trustees present their report and the financial statements of the charity for the year ended 31 March 2019.

LEGAL STATUS

Somerset Trust for Arts & Recreation, also known as STAR, is a registered charity registration number 1080785, governed by a declaration of trust dated 12 August 1999.

OBJECTIVES

The object of the charity is to promote resilience for “children in need” by funding activities in recreation and the arts. It may also support initiatives which lead to the development of a young person’s confidence and ability to undertake such activities.

PUBLIC BENEFIT

In shaping our objectives for the year and planning our activities the trustees have considered the Charity Commission’s guidance on public benefit. The Charity provides access to opportunities in arts, culture, sports and recreation for disadvantaged young people in Somerset. They may be in the care of the Local Authority or may be classed as “in need” as defined in the Children Act 1989. STAR also assists young people up to the age of 25 who were formerly “in care” beyond the age of 16.

FINANCIAL CONTROLS

The Charity has the customary internal controls on receipts and payments. All payments have to be authorised by Trustees and cheques require signature by two authorised signatories. Expenses may occasionally be paid to trustees where significant costs are incurred.

POLICY ON RESERVES

Being updated Nov 2019

DESIGNATED FUNDS

Being updated Nov 2019

RISK ASSESSMENT

The trustees regularly review the risks to which the charity is exposed and seek to minimise these risks through the implementation of such controls and procedures as they deem appropriate to the level of risk. STAR has a child protection policy.

REVIEW OF ACTIVITIES, ACHIEVEMENTS AND PUBLIC BENEFIT

Being updated Nov 2019

THE TRUSTEES

The body of trustees, when complete, should comprise:

• 5 nominated trustees

• 10 co-opted trustees

The trustees who served the charity during the period were as follows:

M Forkes  (Chair)

R Salter (Vice Chair)

S Isherwood

S Jefferies

S Peto

D Hillyeard

B Bennet

C Lloyd

A Caldwell ( Treasurer)

J Wilcox

Development Officer  H Bown

The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the Charities SORP;

• make judgments and estimates that are reasonable and prudent;

• state whether applicable accounting standards have been followed, subject to anymaterial departures disclosed and explained in the financial statements, and

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

INDEPENDENT EXAMINER

A resolution to re-appoint Reina & Associates, Pear Tree Farm, Baltonborough, Somerset BA6 8PS

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