Weston Sunbeams Limited
(A Company Limited by Guarantee
and Not Having a Share Capital.)
Financial Statements for the Year Ended
31[st] December 2024
Company No. 3085243
Charity No. 1048667
Brooking Ruse, Chartered Accountants, 2 Stafford Place, Weston-super-Mare, Somerset, BS23 2QZ.
Weston Sunbeams Limited
Directors’ Report and Financial Statements
For the Year Ended 31[st] December 2024
| Contents | Page |
|---|---|
| Annual Report of the Directors and Trustees | 1 - 4 |
| Independent Examiner’s Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 - 11 |
| Non-Statutory Financial Statements | |
| Detailed Income and Expenditure | 12 |
Weston Sunbeams Limited
1
Annual Report of the Directors and Trustees
The directors and trustees present their report together with the financial statements of the company for the year ended 31 December 2024.
Administrative Details
Registered Office: 4 Wren Close, Worle, Weston-super-Mare, Somerset, BS22 8SF. Chairman: Mr. M. Small Secretary: Mr. I. Palmer Treasurer: Mr. I. Palmer Independent Examiners: Brooking Ruse, Chartered Accountants, 2 Stafford Place, Weston-super-Mare, Somerset, BS23 2QZ. Solicitors: John Hodge Solicitors, 10/11 Morston Court, Aisecome Way, Weston-super-Mare, Somerset, BS22 8NG. Bankers: Lloyds Bank Plc, 2 South Parade, Weston-super-Mare, Somerset, BS23 1JL.
Principal Activity
The principal activity of the company in the year under review was for the charitable welfare of disables children and adults.
Charity Trustees/Directors
Mr. I. Palmer Mr. J.L.D. Goulbourn Mrs. P White Mr. K. Smale (Trustee only) Mrs. M. Painter Mr. W.T. Painter Mr. M. Townley Mrs. J. Townley Mr. M. Small Mr. R. Corbett
Company Secretary
Mr. I. Palmer
continued…
Weston Sunbeams Limited
2
Annual Report of the Directors and Trustees …continued
Structure, Governance and Management
The company is bound by its Governing document – Memorandum and Articles of Association of “Weston Sunbeams Limited” 17[th] May 2018.
The company is limited by guarantee, number 3085243 and is a registered charity, number 1048667.
Members of the Executive Committee (‘the committee’) are appointed at the Annual General Meeting and hold office until the following Annual General Meeting where they are eligible for reappointment.
There must be a minimum of four members on the committee at anytime with no maximum as stated in the governing document.
Since the new chair was appointed both new and old Trustees have been encouraged to familiarise themselves with the Articles of Association and their duties as a Trustee. In order to help achieve this, the Chair ensured each Trustee/member of the Committee had either an electronic or paper copy of the Charity Commission’s Trustee’s Handbook and a copy of the 2018 Articles of Association for the Charity.
Committee meetings are held on a regular basis, where all matters occurring since the last meeting and expected in the future are discussed. Where a proposal is made, it must be seconded and approved before the motion can be passed.
Should an urgent matter for discussion arise, the members of the committee can call a special meeting. Notice of seven days must be given to the other members.
The Charity does not have any paid staff, the members of the committee are volunteers and do not gain financially from holding their position on the board.
The committee members do not believe the charity is exposed to any major risks at this stage. They are constantly reviewing and adapting systems and procedures to ensure the needs of those the charity is in existence for are met.
Objectives and Activities
The Charity is established for charitable objects and purposes only for the relief, care, welfare, interest, treatment, education and advancement of mentally handicapped children and adults. Including children and adults with any form of Cerebral Palsy or children and adults with related disabilities. The Charity undertakes its work for those who are resident within the boundaries of the postcodes BS22, BS23 and BS24 (‘the beneficiaries’).
The Charity aims to provide support to and increase the quality of life of the beneficiaries and their families though a number of methods including; financial assistance towards housing, for equipment and education both for private use and for the centres used by the beneficiaries, organising social events whereby the Charity does not recoup any of the costs incurred and generally providing support and guidance.
continued…
Weston Sunbeams Limited
Annual Report of the Directors and Trustees …continued
The Charity can use any methods necessary to meet their aims, within reason and in line with the powers stated in the governing document.
Trustees Statement of Responsibilities
The Trustees (who are also directors of Weston Sunbeams Limited for the purposes of company law) are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
Company law 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
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Select suitable accounting policies and then apply them consistently;
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Observe the methods and principles in the Charities SORP:
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Make judgments and estimates that are reasonable and prudent;
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State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company 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 charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Public Benefit
The charity trustees are of the opinion that they have complied with the duty in section 17(5) of the 2011 Charities Act to have due regard to guidance published by the Charity Commission on public benefit.
Achievements and Performance
We have continued to work closely with Baytree School, North Somerset Children’s Services and North Somerset Portage Service making various grants up to £5,000.00 to individual beneficiaries.
Only one corporate request was received during the calendar year which was from Baytree School for assistance with the provision of a replacement of their wheelchair accessible minibus. This cost £44,715 which was provided from a legacy of from the Estate of Betty Brampton, one of our former trustees.
Grants to individual beneficiaries has remained capped at £5,000.00 which is one grant per calendar year.
The email voting system continued to work efficiently and enables us to deal with most requests within a short period of time from receipt of application form. Trustee and committee membership has grown this year within 2 new members and at the last AGM the current chairman stood down and was replaced by Michale Small with a short handover.
continued…
Weston Sunbeams Limited
Annual Report of the Directors and Trustees …continued
Financial Review
The majority of the Charity’s regular income is derived from investments. However, the charity received significant legacy donations in 2024. Income has increased in the year under review to £160,757 compared with £20,466 in 2023.
Expenditure for the year has increased from £46,468 in 2023 to £88,467 in the year ended 31[st] December 2024. The resulting net incoming resources for the year amount to £72,290.
The surplus for the year has been added to the total funds at 1[st] January 2024 of £652,886 giving funds carried forward of £725,176 at the year end. This is in accordance with the Charity’s policy of maintaining adequate reserves in order that it may continue activities for a future period of at least 12 months.
Plans for Future Periods
Whilst we intend to continue to provide financial assistance as previously within the constraints mentioned above, Trustees will only consider requests/applications going forward via healthcare or education professionals and must demonstrate a clear benefit expectation that does not compromise their education health care plan (EHCP). The Charity’s focus will remain on beneficiaries needs, not wants or wishes.
During the forthcoming year, we continue to look at recruiting new trustees with a view to the charity’s continued existence going into the future. We are currently looking at fund raising activities, reviewing our websites for better access for professionals and investigating better investment methods for our financial reserves ensuring full consideration given to the ethics, security of funds and the income/growth potential.
This Directors and Trustees report has been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime in Part 15 of the Companies Act 2006.
On Behalf of the Board
……………………….……………………….………………………….. Signed Mr. I. Palmer
21[st] July 2025
Weston Sunbeams Limited
5
Independent Examiner’s Report to the Trustees
Year Ended 31[st] December 2024
I report on the accounts of Weston Sunbeams Limited for the year ended 31[st] December 2024, which are set out on pages 6 to 12.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
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Examine the accounts (under section 145 of the Charities Act 2011);
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To follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the 2011 Act): and
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To state whether particular matters have come to my attention
Basis of independent examiner’s report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
Independent Examiner’s statement
In connection with my examination, no matter has come to my attention:
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which gives me reasonable cause to believe that, in any material respect, the requirements
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(a) to keep accounting records in accordance with section 130 of the 2011 Act: and
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(b) to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Robert D. Orr BA, ACA
Brooking, Ruse & Co. Limited, Chartered Accountants, 2 Stafford Place, Weston-super-Mare, Somerset, BS23 2QZ.
21[st] July 2025
SM.CB.04660
Weston Sunbeams Limited
Statement of Financial Activities For the Year Ended 31[st] December 2024
| Notes Incoming Resources Donations and legacies Subscriptions Investment Income 3 Total Incoming Resources Resources Expended Administration Expenses Welfare Grants and Donations Depreciation Total Resources Expended Net Movement in Funds Reconciliation of Funds Total Funds at 1stJanuary 2024 Total Funds at 31stDecember 2024 |
Total Total 2024 2023 £ £ 133,736 45 9 14 27,012 20,407 _ _ 160,757 20,466 _ _ 2,676 3,213 20,000 19,352 65,744 23,839 47 64 _ _ 88,467 46,468 _ _ 72,290 ( 26,002 ) 652,886 678,888 _ _ 725,176 652,886 _ _ |
|---|---|
The statement of financial activities includes all recognised gains and losses in the year. All incoming resources and resources expended derive from continuing activities.
None of the funds are restricted.
The notes on pages 8 to 11 form part of these financial statements.
Weston Sunbeams Limited
Balance Sheet as at 31[st] December 2024
| Notes Fixed Assets Tangible assets 6 Investments 7 Current Assets Cash at Bank and in hand Debtors Creditors: Amounts falling due within one year 8 Net current assets Total assets less current liabilities Capital and Reserves Unrestricted General Fund 9 |
2024 £ 142 700,000 __ 700,142 __ 23,976 2,228 __ 26,204 1,170 __ 25,034 __ 725,176 _ 725,176 _ |
2023 £ 189 640,000 __ 640,189 __ 11,179 2,688 __ 13,867 1,170 __ 12,697 __ 652,886 _ 652,886 _ |
|---|---|---|
The accounts have been prepared in accordance with the provisions of the Companies Act 2006 applicable to companies subject to the small companies regime and in accordance with FRS102 SORP.
For the year ending 31[st] December 2024, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the charitable company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to Companies subject to the small Companies regime.
These accounts were approved by the board of directors and authorised for issue on 21[st] July 2025 and are signed on behalf of the board by:
……………………………………………….Signed
I. Palmer – Director
The notes on pages 8 to 11 form part of these financial statements.
Weston Sunbeams Limited
Notes to the Financial Statements for the Year Ended 31[st] December 2024
1. General Information
Weston Sunbeams Limited is a charity registered in England and Wales and a company limited by guarantee. The registered office is 4 Wren Close, Weston-super-Mare, Somerset, BS22 8SF.
2. Accounting Policies
(a) Basis of preparation of financial statements
The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
(b) Preparation of the accounts on a going concern basis
The charity reported a surplus for the year of £72,290 compared to the deficit of £26,002 in 2023. The Trustees’ efforts to direct its significant cash reserves to deserved causes have been successful. The charity still has significant reserves and on this basis, the Trustees have prepared the accounts on a going concern basis.
(c) Funds structure
Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees, at their discretion, have set aside resources for a specific purpose.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor.
(d) Incoming resources
All incoming resources are recognised once the charity has entitlement to the resources, it is certain that the resources will be received and the monetary value of incoming resources can be measured with sufficient reliability. The following specific policies are applied to particular categories of income:
Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Incoming resources from grants, where there are performance or service deliverables required by the terms of the grant, are accounted for as the charity earns the right to payment through its performance.
Donated services and facilities are included at the value to the charity where this can be quantified.
Investment income is included when receivable.
Weston Sunbeams Limited
Notes to the Financial Statements for the Year Ended 31[st] December 2024 …continued
(e) Resources expended
Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
(f) Irrecoverable VAT
Irrecoverable VAT is charged against the category of resources expended for which it was incurred.
(g) Allocation of overhead and support costs
Support costs include administrative office functions, and have been allocated to activity cost categories on a basis consistent with the use of resources, allocating property costs on floor areas, staff costs by the time spent and other costs on a measure of usage.
(h) Fixed assets and depreciation
Depreciation is provided by the Company to write off the cost or valuation less the estimated residual value of tangible fixed assets by equal instalments over their estimated useful economic lives as follows:-
| Equipment and Fittings 25% on reducing balance Leasehold Property Amortised over 10 years 3.Investment Income Bank interest received |
2024 £ 27,012 _ |
2023 £ 20,407 __ |
|---|---|---|
4. Trustees Remuneration and Related Party Transactions
No trustees received any remuneration during the year. (2023: Nil).
During the year the charity did not pay any trustee for goods or services provided to the charity. In the previous year the total of the amounts paid was £Nil.
5. Taxation
The charity is exempt from tax on income and gains falling within the Corporation Tax Act 2010 or section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.
Weston Sunbeams Limited
10
Notes to the Financial Statements for the Year Ended 31[st] December 2024 …continued
| 6. | Tangible fixed assets | Leasehold | Equipment | Equipment |
|---|---|---|---|---|
| Property | & Fittings | Total |
||
| £ | £ | £ | ||
| Cost or valuation | ||||
| At 1stJanuary 2024 | 54,333 | 21,260 | 75,593 |
|
| _ | _ | _ |
||
| At 31st December 2024 | 54,333 | 21,260 | 75,593 |
|
| _ | _ | _ |
||
| Depreciation | ||||
| At 1stJanuary 2024 | 54,333 | 21,071 | 75,404 |
|
| Charge for year | - | 47 | 47 |
|
| _ | _ | _ |
||
| At 31stDecember 2024 | 54,333 | 21,118 | 75,451 |
|
| _ | _ | _ |
||
| Net Book Value | ||||
| As at 31st December 2024 | - | 142 | 142 |
|
| _ | _ | _ |
||
| Net Book Value | ||||
| As at 31st December 2023 | - | 189 | 189 |
|
| _ | _ | _ |
||
| 7. | Fixed asset investments | National Savings | ||
| Income | ||||
| Bonds | ||||
| £ | ||||
| Cost or valuation | ||||
| At 1stJanuary 2024 | 640,000 | |||
| Additions | 60,000 | |||
| _ | ||||
| At 31stDecember 2024 | 700,000 | |||
| _ | ||||
| 8. | Creditors:amounts falling due within on year | 2024 | 2023 | |
| Accruals and deferred income | 1,170 _ |
1,170 _ |
Weston Sunbeams Limited
11
Notes to the Financial Statements for the Year Ended 31[st] December 2024 …continued
| 9. | Reserves | Unrestricted |
|---|---|---|
| General | ||
| Fund | ||
| £ | ||
| At 1stJanuary 2024 | 652,886 | |
| Movement of funds | 72,290 | |
| _ | ||
| At 31stDecember 2024 | 725,176 _ |
The company is limited by guarantee and does not have a share capital.
- Company Limited by Guarantee
Weston Sunbeams Limited
THE FOLLOWING PAGES DO NOT FORM PART OF THE
STATUTORY FINANCIAL STATEMENTS
Weston Sunbeams Limited
12
Detailed Income and Expenditure for the Year Ended 31[st] December 2024
| Investment Income Interest Received: National Savings Other Income Legacy Donations Donations Subscriptions Total Income Resources Administration Expenses Postage, Stationery and Telephone Travel Sundries Insurance Room Hire Accountancy Fees Bank Charges Computer and Internet Welfare Property Repairs and Maintenance Grants and Donations Equipment and Sundry Donations Depreciation Depreciation Total Resources Expended Net (Surplus/Deficit) for the Year |
2024 2023 £ £ 27,012 20,407 _ _ 133,736 - - 45 9 14 _ _ 133,745 59 _ _ 160,757 20,466 _ _ 756 940 185 144 34 13 269 410 75 100 1,170 1,170 - - 187 436 2,676 3,213 _ _ 20,000 19,352 _ _ 65,744 23,839 _ _ 47 64 _ _ 88,467 46,468 _ _ 72,290 ( 26,002 ) _ _ |
|---|---|