Company r¢gi5tTation numbw.. 3371270 arity rc8iStrntion number. 1003041 Sunny Mount (Knowle) (A e(panY by 8uarath) Annual Rwrt and FinwKial St**m¥ts for the Year Ended 31 Mareh 2023 Buckler SpenLw Lirnited Old Police Ststi¢)n Church Street Swadlincote Derbyshire DEII 8LN
Sunny Mount (Knowle) Contents Refera)¢e and Admintstrknve Details ThLSt¢e's Report 2to5 Indepndent Auditors, Report 6t09 Ststement of FITh1&1 Activiti¢s Balan¢e Sheet N(n¢s to th¢ Finanriai Sththments 12to22
Sunny Mount (Knowle) Reference and Administrative DetaiL8 Trustee Mr D PAatt Charity Regislrndon Number 1063041 Company Reglstrntion NuNb¢r 3371270 The dwity is incorp)rated in England and Wale8. 48 Fentham Road Registeyed Solihull B92 OAY Audltor Buc<t Spenc¢r Limit¢d Old Poli¢¢ Ststion chUh Stftet Sw¥dlin¢ot¢ D¢ysh1re DEII 8LN
Sunny Mount {Knowle) Trnstee's Report The member. a director for the pu of company law. presthts th¢ annuat rcwrt wgrther with the financia] statements and audAtr>rs' rwt of the ¢harit8ble ¢unpaAy for the year 31 March 2023. Objectives *rtivlties Th¢ main objective of the coMpY iy provision of we and gceommothion for the four residents of th¢ propety at 127 Longdon Road Knowle. The principal activity of the ¢omp&ny is th¢ oF110ft of its pmpty at 127 IAMgdon Road, Knowl< whi¢h provid¢s residential accommodotion for 4 r¢5idenL8 with leaming dculties. thus fillfilluw out commiknent to ¢OIXinuing to pmide publi¢ E¢nefii fmm tw aaivities. The Company h&8 considerable cash rE5erves the m•iority of which resulted from the sale of land in 2009 and it has long been the objective of the comFY to apply reserves for the d¢veloprnent of additional services for th¢ bencflt of peopl¢ with Le)Ing Disthiliti&8 rrsiding in thc Borough of Solihuil. During the latter nK)nths of 2018 the Company wa5 approaehtd by Olton Gr4n8¢ LÉmitryL a Registed Charity that had. for a nnber of decth, been providing eaTe and accornrn0I0n to elderly ¢itizeTh8 in their Re8i5t¢red Residential Care Home at 84 Warwick RoAd Oltoft Solihull B92 7JJ. The Hom¢ was Re8tst¢red for a m&xirnwn of 25 o¢¢upants: a number of the bedroom5 h&1 been provided wtth eTrsuites however the remaining bedrooms were small to allow this and also fell WAY E¢low th¢ spatial 5tandard$ thai are now requirtdlexpe¢t¢d. Corridors ¢onnec¢in8 bcdrooms were v¢ry narrow on multi levels nd th¢ premis¢& in their ¢urr¢nt laytyJ4 w8$ considered no longer fil for PUTpose to provide a¢¢ommodation for IncreinglY frail residents. conSeqndY the Home found it incrIng[Y diffi¢uli to fLII voids and, for at least the 12 month peri¢NJ precedin8 closuT4 the Home had been op18 with nre than 30% of th¢ b¢droom8 vficllnt resulting in a critical reduaion in inwmc and md¢rin8 the Company no lon8er fmancially vi8ble. The Board of Th¥tees h•d hoped that this critiol sitithtion imwove however. 2nd rembly, it didn't. The Home was no longtt financially viable and had almost ¢xhausted its financi r¢5aves 4nd it w&8 with greai reluctane¢ thai the Bottrd of Trustrty 4cwunthle ¢0 am(W other5 the Chartty commissio decided the operation of the Home ¢e&%e and that the Charity and Company kmwn as 01t Grange mt close and thaL in ac¢ordan¢¢ Arti¢le 8 of Olion Grang¢'5 Articles of AssocilOn. wi8hed to ultimately transfer th¢ property to Swwy Mount (Knowle) Limit1, this transfer of propffiy is alw in accordw with the .1 rust tktd. Sunny Mount (Knowle) Lu188ff¢d to make 8 donation io Ohon Grange to me¢t all of their debts And liabilities. including a coMid¢rable sum in rtspe of Ststutory Redundancy Payments, enabling Olton Gran8e to close honourably and in R(K)d standin8. It IS origin]Y ifflend that Sunny Mowit would tske over the FYemi5cs of Olton Grange subjeet to PlanDing Perniisst(ffi, Building Regu]¥tions and any statutory 8pprovg1. redevelop the l)uildin8 to ¢reate a number of aparllnents, on the first and Stnd flty)r. for people wtth Le4rning Disakn'litics. However, thoUgh th¢ premi5&5 are frtehol(L therc r¢maiAs a [1]Ve covenant in place. applied by Solihull MdTopolitan Borough Louncil. that the bJildin8 be used &s & Tre Home for Eldffly persons". As a result of the dttYi¢ulties p)sed by this and other Ttam. the company decidcd sell the property on the open market, and this was complrted on 31hh June 2022. Followin8 thi4 the loan rtpaid to Mount (Knowle) and th¢ rna[llIng fimds from the sa]e pr(Keeds were transfured to Sunny Mount (Knowle). Olton Gran8e R¢sidcntiai Home thcn 4ppIic41 th ComF4nies Hwse to be 5trwk off th¢ regits.
Sunny Mount (Knowle) Trustee's Report Sunny Mount (Knowle} now acts.vely o)n8idering I to utilise the fill Te4xive4J from Olton Grange R&9Identi Hom¢ to the LwMnuDity by offtrirJ8 fijrther residenti we facilities. Pwbllc benef The charity provides residenti (re and aCWmndtion on a rteeds bAsis in 8 CQC r¢8lStercd car¢ hoJll¢. not on any critefta sct up by the charity or on ability to pay. The tnLS¢S confimi that tlw hav¢ r¢ferred to the guidance ctsntsit)ed in the C]Jarity comml0n.S general gutd8n¢e on wbli¢ benefit when revI1ng the TNsV$ aims and obje¢tives and in plannin8 Activities. The tru5te¢ confirm that they have complied with the Icqulremts of sli0n 17 of the Chartttts Act 2011 to have due regard to the public b¢fit guidan¢¢ published by the Ch•rity Commission for Engjand and Wales. FlnaD¢ll revlew Polley resen Re8¢rYes aul&l¢d from L4witsbl¢ furt(8 ore maintsin in a s¢parate namely the welfllre of residents. account. The cjwity endeav¢)urs to hold reserve5 to enable rt io med its on-80ing operdting rnmitments and 4iso to b¢ &ble to respmj quickly when further opportunitie5 to extend our tivitI¢5 ur¢ identÈfied. It is the company's policy 4)nly to utilis¢ these a¢¢ounts for wrlfar¢ and l¢isurt for the re5id¢nts. Th¢re is atso A Paddo¢k View Appeal ru¢rve tonE held in 8 scpar fiJn¢ which w&$ to contribute in du¢ ¢(>ursc io the building of 8 specialist unit to Tryl8¢e the Pathl¢xk see¢ion of the horne. Thi5 is no long relevant as the old home in Kenilworth Road wld in 2¢N)9. P•lnclp4lfundln8$oMrr Fundin8 is principoily through incom¢ r¢¢¢iY¢d fmm ruid¢nts and swutory (wisthons l¢kn kupport the4n, in rettrn for the ¢are at accommod10n provid Trnjteu •nd Offi Th¢ tntstees arml officers s¢Thin8 duritig the Ye •nd sin¢¢ the year end were as follows: Trust¢t: Mr D Mauocks A Kokilagaddo (r¢911 21 Augu 2022) Structiire? gov¢rn#nc• x•d mAmxe¢me#t Natmre ofzovernln¥ The charity is controlled by its gov¢rning d(Kumrt i of and Cowittttes 8 limited e4)mpany> limited by 8uarante¢, as defjned by the Compllniw Act 21)06. RecrMIthTh 4nd0ppo1Me vftrustr¢ A new trle¢ appointed on 12 NoY¢mber 2021. Following the re$ltion of Mr Kokilasadd4 on 21st August 2022, the charity is actTvely l(K)kÉng for new trusteu. If the iM¢ntion tnJsc5 dwL8es appropria Indlon trw.ning will b¢ provided to any n¢w tru5t¢¢s Witho approprt8t¢ experience in the dbaritable sectrff.
Sunny Mount (Knowle) Trustee's Report The ojmpany's most Sen1 offictt is the (k)e4al Marw rep)rts direct]y to th¢ Board on all 5trategi¢ i&sues. The Home Manager. who r¢p)rts to the G¢nera] Mynager, manag¢s a team of care stsff o op¢rational Matters. The wmpany no longtt has any &%stKiion with Solihull Care Lirnitwl who were previously offering mhnag¢m¢nt and athninistrativ¢ supporL The COMFnY now provides its own m8nB8emeni fJnanLiRi and athninistrative gtrvi¢¢ Mujor risks ithdnwnazemtwofthase rl Rlsk MalgeRei The tnLsiees have 4 duty to identify and r¢view the risks to whith the chwity is ¢xpo8&d and to ensur¢ approprith eontrols are in pl to Provide re890nabk wurance a84inst and ¢rror. The tnJste45 h4v¢ e8thblished and prcttdur¢s kn help w nwe these risks. FIMD£I81 OlJJeedv£¥ undpolleles The trusttts hav¢ a duty to Idtify Ind rview thE risks to which the charity is exposed and to enBure apwipriate corJtro15 are in place to provide reo8onabl¢ assur4C a8ainst fraud at)d wror. The trustees have tablished sy#ems and prtt&Jures to belp to man4e thes¢ riths. Crtshfthw rtsk The charity retsins sufficient fithds on deposit to mAnw ie$ flow requir¢ments. Crdli rtsk The charity's prin¢ipAI fiMMial a95¢ts are b8nk i[Ks wjd tr8d¢ and other eTyable9, and investments. "The charity's crtyjit risk is wimlIY attributabl¢ to its tr receivabl&4. The anmmts presented in the balanc¢ sheet are n¢1 of ailowanGts for doubtfi]I rweIvabl An allow8C for imwmienl is made wh¢r¢ there is an id¢niifl 1055 event whid4 bas&1 on previo experienK is evid¢¢ of a redu¢lion in th¢ r¢wverabilhty of the h t]ows. Th¢ crédit risk on liquid fid5 is limited be¢aw4e the countWi¢s are b8nks high Crlt-r&tmS$ assi8n by inlemational credtt.rating agaKies. Liquldlty rbk In order to m&int#in liquidtty to erysutp that sufficiertt funds are available for owin8 0110$ and lknJJre developm¢nts the charity k¢¢ps its bank balances kn short4erni d¢positaLX*Xm Further detai]s r¢gardiD8 liquidity risk ¢•n bc found in th¢ Ststem¢m of accountin8 policies in the fm8n¢ial stst¢mcnts. St8tem¢ot of trnste¢'s rT5poDsiblllties The tnJ4¢e {who is also the dir¢¢tOT of Sunny m1 (Knowle) for the PUTFKJ5es of company law) is spOnsIble for prepartng the thL8tee's' report and the financi0] statemrnts iv accordance with appli¢abl¢ law and Unit¢d Kingdom Accountiug Standards (Ur]ited Kingdom Generally A¢c£pfed A¢countin8 Pra1cCA including FRS 102 The Financial RetK)rtin8 Standard 8pplicable in th¢ UK and Republir of Ireland.. The r¢wrt and accounts have been prepd in aecordance with the provRstons in the Componies Act 2006 r¢latin8 to small rompanies.
Sunny Mount (Knowle) Trustee's Report Company law requires the memttr to prepare fit)8n¢ial Staternts for each financi year. Under wmpany law the member must not approve the financial atements unless he is satisfied that they give a Inje and fair view of the stste of affairs of th¢ charitable company and of the iwtng r&8OUtces and application of resource including its income and eXpd]nITe. of the chwitable company that period. In pyeparing th¢se financial stam¢nts, the m¢mt¢r is required to.. select Suitable aceountins KMTrli¢ies apply them LXYLSithtIy" observe the meth(NJs and principles in the choritt.es SORP. state whether applicable accoli1n8 stsndgrd& c4JmkYising FRS 102 have beth follow subject to &ny mathriai departures disclosed and explained in th¢ financial #Athments: and prepare the ftnanciai ststun¢nts on the going b¥is unless it is inappropriate to that the ¢harttsble ¢ompany will ltille in businw. Th¢ member is reJponsibl¢ for keepin8 proper IOllting records that can disclose with re4$0th1¢ 4LYuracy at any time the financial PttiOn of the charitsble c(xnpBny and enabl¢ them to enwre that tht financial statements comply with the Cornpanies Act 2006. He is also re4YJnsible for fegUardIng the of thc Gharithblc company and hence for tsking reasonable steps for the prev¢ntion and d10 offraud 8nd othcr Lrr¢8ularlties. The tr1¢¢ 1.8 rcsrrt)n8ible for the maintenance and integTiry of the corporate and financral inforniatson included on the charitable company'8 website. l.e8islation governing the preparation ond dis8emination of financial statements may dtffer frcln le8i$lion in other jurisdi¢tions. Dts¢lyr• of Infornmjtlon to #vdltor The rnember hag taken stepi that he oughi to have tak¢ ¥ 4 membrx in order to make hinwlf aware of gny r¢lev#nt Judit infornution thd to estsblish the ¢harity's auditor is aware of that infomiation. The member nfJm)s th4t there is no relevAth inforn)ation that he krk)ws of Ind of which he knows the auditor is unaware. Srnall comp*ni¢s proviilon st#t•m¢nt I'his r¢port hus b¢¢rt prcpare4J in acwrdance with the Sm1 ¢x)mpHnies re8Éme under the G)mp8fties Act 2006. The atinuai report wis approved by the m¢rnber of th¢ tharity on 12 2023 8nd on its behalf by.. Mr D mattkS Trustee
Sunny MouDt (Knowle) Independent Auditor's Report to the Members of Sunny Mount (Knowle) Op110 We have audited the financT81 statem¢nts of Sunny m( IKnowle) (the'charitv) for the yew ended 31 March 2023. which comprise the Statement of Fitwicial Aaivitses. BanCe SheeL and Note5 to the Financial Statern¢nts, in¢ludin8 a sry of SI]fint w118 policies. The fmancial reporting framework that ha8 been applied Én their Preparation is United Kingdom A¢Ing Stsndardl comprising Charities SORP - FRS 102 The Finan¢iai Reporting Stsndard appliLble in th¢ UK attd Republic of Ireland. and applicable law (United Kingdom G¢n¢rally Acc¢pt¢d Accouniiog PCtiCe). In our opinion the fin8n¢i41 staternents: give a true and f8Tr view of the st•t¢ of the clwity% 4thiTr 88 at 31 March 2023 and of its incomin8 resources and application of r¢sourw. in¢ludin8 its in¢¢)m¢ and eXpd]lUre, for the year then ended. have tr¢n properly prepgr¢d in 8eetsrd with Unit•J Kin8kn Ge4nlly Awed A£Unting Pwtice: and have beert prepared in xcordanee with the rts4uireoMts of the Companies Ad 21)06. Bftsls for opinion Wc condueted our audÉt in a¢cordW with InrnonI1 Standards on Auditing (UK) (ISA$ UIK)) and Y4pplicabl¢ law. Our r¢spon5ibilÈti¢s under thos¢ andarth ar¢ furthcr d¢sIbed in th¢ auditor responsibilitie% for the audit of the finan¢ia] statements sethion of our ryrt. We are indepemdent of the charity in Ordance wth the ethic rwuirements that are relevant to our audit of the financial statemerts in the UK, includiny the FRC'8 Ethi[ Stsndard, and the pmvisions available for small entiti¢s. in the eireum#ance5 5¢t out in no¢¢ to the firwcial gtatemeftts. and we have fifilled our oth¢r ethical rewnsibilitie5 in a¢cordanc¢ with thes¢ reqUIr¢rnrt3. W¢ belirve thar the audit ¢vidence w¢ have obtsineA is suffi¢iertt and 4)propriate to provide a IM4i$ for our opinion. Con¢luJlo•$ r¢latln% to ¢olDZ toiiterii In auditing the finan¢i&l stat¢ments. we have nclUdl that the trLL8t¢e use of th¢ going c4)ncern basis of accountin8 in the pr¢p8rntion of the finAn¢ia] statements is approprie. B¢d on the work we have pttformrf we have not idetttified any material unc¢rt4inties re]Ing to events or condition5 tha¢ individually or collectively. wt Si8nifiwit doubt on the ChIty'S ability to ¢ontinue as a going eon¢¢m for a p¢riod of at least e1ve Mond from the ori8in81 finan¢ial stalwts wcre authorise4J for issue. Our responsibilities and th¢ Ywibiliti¢s of the trusc with r¢sprt% ty) 89in8 yr¢ ducribed in the rel¢vatrt 5C¢tions of this r¢port. Other Infomation The trustee t8 reswnsible for the other InfoOn. The other inforniation comprises thc infornution inclltded in the annual r¢kK)r¢ other than th¢ financiil 5tstem¢Dts and our auditor's r¢pon thereon. Our opinÈon on the financial stst¢ments (k)¢s not ctsvor the other infomiaiion and except to the extent othNvis¢ explicitly $tat¢d in our rerK)¢ do not express any forni of assurwv ¢onclusion th¢r¢on. In ¢oJmection with our audit of thc financi$l 5fatemrnts, our ftsp)nsibility is to read the other infomiation and, in dning so. congider whether the other infrjttngtion is thateridly in¢obki¥tonl with thc finanFiaJ 3taLemrnts 01 our knowledge obtained in the audit or otheMs¢ appears b¢ materially misstated. If we idtify such materi81 incon515tencies or apparent materi4i mim¢n ar¢ wuired to ddemiine whethty thcre 15 a mafrrial Miternent in the financial statements or a matuiai mis5Wement of the other infonnation. If. bas on thc work we have perfornicd, we conclude that thryr 15 a rnatrri mi1¢1 of this otlw infommtion. we are required tr> r¢p)rt that fa¢t. We h4v¢ nothing ¢0 report in this r¢wd.
Sunny Mount IKnoJYk) Independent Auditor's Report to the Members of Sunny Mount (Knowle) OplnioD 011 Other matt¢r PTeJcribed by tbt C•mpanies Aet 2IK16 In our opinion, b&8ed on the work und¢rraken in the course of the audttr. th¢ infomtiO1 given in the Ttustee's Report for the fina1 year for which the financial statemots are prepared is corL8iStQK with the financiat ststrments: and the Tn¢'S Rwt ha5 bgcn pT¢paTNI in ac<ordw with applicable 1¢881 Tequir¢m¢ots. Mgtters on whlch w¢ are requirod to by ¢¥e¢ptltsn In the light of our knowlcdge and und¢r$¢wIn8 of th¢ rharÈty and its ¢nvir¢xllnuht obtsined in the course of the 8udiL we have not id¢ntified matrriai in the Trustee's ReporL We hav¢ ntsthin8 to r¢port in rwe¢¢ of the followin8 mattern wheve th¢ CompAni¢s A¢t 2006 Tequires IL8 10 report lo you if, in our opinion.. adequat¢ accountin8 r¢¢ords hfft not be¢n kep4 or retunjs adequat¢ for our wdit have not received from bran¢hes not visited by w8: or th¢ financial stst¢mMts arc not in A8rcrM wtth the aceouDtin8 recorth rthrns; or c¢rtain dis¢loyures of tsijstee remun¢rntion Specifi by law ar¢ noi nwk,. or w¢ have not recthved ] the infomati and explan8tion8 wuire for ow s11t. the dIreCT9 were not ¢ntitl¢d w pr¢par¢ the findlai statrments in cOrdan¢ with the sma]I compgnies regime and take advanta8¢ of the sm811 oomp8lli•B' oxmrniolls in prepry the dirKtows' report and from the requir¢m¢nt to prep4r¢ 4 5trntC8ic re)rt. ReS11b1]It5I$ of truit4• As explained more fully in tk Statemtstt of trustee's reswjnsibilities (sa out on pa8e 4 and S), the trust¢¢ ar¢ responsible for the preparation of the finwKial staments and for being satisfied that tlw 8iv¢ a true and fatr view, and for such internal ¢ontrol the trlwee deterniine is neeessary to enable the preparntion of financial statements that are free from materi mÉsstat¢men( whdher to fraud or error. In Prepariny the financial sla1ernen the trth are resrrf)nsible for wwing the ¢harity'$ 8bility to continue as a going concern, disclosin& as applicabl< matters related io goin8 concern and usin¥ the soing concem b&sis of ac¢ountin8 unl¢ss the tNste¢ ¢ither intend to liquid8 th¢ ¢harity or to cease operation& or have no realistic It¢rn8tiv¢ but to do J(t. Audltor respoft8ibilitieJ for the ad[l ofthe finn¢ial statements Our obj¢ctive8 are to obtsin Te&5onable assurance aiKUi wh&her the financiat stat¢m¢nts &s a wthol¢ 8re free from material misstst¢m¢nL whether due to fraud or error, to issue an auditor's re)rt that includes our opinion. Reuonable &85uranc¢ is a high level of &ssur8n¢¢, bjt is not 8 8uarantee that an audit conducted in accordance with ISAS (UK) will 8lw8ys detect a miSStAt¢t wkn it ¢Aists. Mi&stat¢m¢nts Can arise from freud or crror and arr consid¢r¢d matrrial if, individually or in the 88y¢gat< they could reasonably be expec1 to infiuence th¢ economic decisi¢)ns of users tsken on the bASiS of thue fiTWKI sthtements. Th¢ ¢xt¢nt to which our proJUre3 ore wble of d21n8 irr¢8ularitie& including fraud is detsiled below..
Sunny Mount (Knojyle) Independent Auditor's Report to Ihe Members of Sunny Mount (Knowle) trregularities, including fraud, are instsn¢ts of nonwc0mp1anc¢ with laws and re8tiOn& We design procedures in line with our rwnqTbilitie5. oudined alx)v4 to del1 mthriai mtssthtements respect of irregularities, including fr. the extent to whi¢h our prlureS or¢ wable of det¢cting irregul8ritie& including fr8ud 1$ detsiled below. We obtain and update our understandinx of the entity. its aetivitio its control environrnenc alld likcly firture dw¢lopm¢nw in¢luding in rel10n to th¢ lega] aTrJ rwilatory fram¢ applicable and how the entity is oomplyin8 with that framewor Based on this unda3t8ndin& we identify and a8$S th¢ risks of mtt#ial misstatement of th¢ fln&ncial ststements. whether du¢ to fraud or error. design and perfomi audit pro¢edurcs resp)nsive to those risks, tsbtsin audit evidence thai is sufficient and appropria to provid¢ 8 basis for our opinion. This includes considerntion of the risk of acts by th¢ ¢tity that wrr¢ Eontrsry w applithl¢ laws and r¢gulauons. in¢luding fraud. In responye to the risk of irr¢8ulaTities and norcompliSce 18wA #nd re8ukntion4 including fraud, w¢ desi8ned pr(Kedures which io¢luded: Enquiry of mana8emeDt around raual wd pcrtemid liligati(ffl And ¢laims as 11 as a¢tsMI. $peCted and alleged fraud.. Reviewing minules of m¢Ain8s ofthos¢ ¢harga with 8oVernlln. Assessing the extent of MplIanCe with the laws and regulations Considered to hftve a dir¢¢t matsrI eff on the financial 5tstements or the operations of the entity throu8h wuiry and InSptiOn. Revie8 fin¢181 statwn•rt disclosur¢s and to wpponin8 dc0J[0rt •oe¥s ¢wpIlc¢ with ppli¢abl¢ laws and r¢8uIatirrf. P¢rfomiin8 audlt work over the risk of mfin bigs and oveIde of corttrol$. including tsstin8 of H¢cat of th¢ inherent limitsttons of att JudTL thexe is 8 risk that will not detect All irre8ulariti¢s, including those l¢ading to a material mi551aiement in the fin2ncial statements or nOn-np1laftce with r¢8ulati(>n. 'fhis ri$k in¢r¢oses the more that wmplion¢¢ wtth a law or r¢guIlon i8 rwovrd from the events ond transactions r¢fle¢ted in th¢ financial statements. as wc will be less likely to becune aware of iDStanw of Th)n-mPlI8. The risk of not detecting ¥ nMl¢rial mil8tatu resultin8 fmm fra1 1$ h18h than for one resultin8 fiYJm ¢m)r, as fraud may involve collusi(), foEm. inturtiotwl m$S1on4 miW¢pru¢ntatil4 or th¢ ovaride of int¢mal ontrol. 115¢ of our report This report is mad¢ solety to the Glwitable wnpany trtte tn a¢dance with Clwr 3 of Part 16 of the Companies Act 2006. aJJJit work has been undertaken so that we mi8ht st to the elwity's trustee thos¢ matters are required to state to in #n guditor'g Teport atMI for rto other purpo80. To thc fvllo$t rxtent pemitted by law, we do TK)t accept or &ssurne Tesponstbility to anyone othe* the charitÈbl¢ ¢ompany and its trustee as a knoy. for our audi¢ work for this [tr4 or tsthe opini(w have forni.
Sunny Mount (Knowle) Ind¢pendent Auditor's Report to the Members of Sunny Mount IKnoiYk) Mr RI"¢hd SnCer BA FCA (Senior Stotutory Auditor) For on bchaif of Buckler Spencer L]rnItl. Sthwtory AJitOr Old Ptsliee Ststi( Church Street Swadlineote Derbyshire DEII 8LN 12 Decemb¢r 2023
Sunny Mount (Knowle) Statement of Financial Activitie5 for the Year Ended 31 March 2023 (Including Income and Expenditure Account and Statement of Total Re¢ogDised Gains and LO8) UDrestri¢twJ fvnds Restricted fuDds Total 2023 Note lucome EDdowm¢•ts frnm: Donations and le8acie8 Charitable aetiviti 6cl.694 254.225 10230 600,694 254,225 13.119 2.889 Total InMe 865.149 2.889 868.038 Exptndlture on: Charitable aotivitie5 (373.443) 373.443 Tots] ¢xpenth'ture Nd in¢ome 373.443 (373.4431 491,706 2.889 494,595 Net movement in funds 491.706 4889 494.595 ReconeilltioN of fllndi Total funds brought forward 871,170 137,364 1,008,534 17 1,362,876 urelnCted 140.253 Re8trlcted 1,303,129 Total 2022 Not¢ Income and Ettdowments froln: Donations and le8aci&s Charitable activities Invotrn¢nt incom¢ (5,023) 237,859 209 (5,023) 237,859 268 59 'rOt inc(th¢ 233,045 59 233.104 Eipendltyre DJI: Charitable aetÈviti¢g 257.923 257.923 Total cxpenditure Net {expenditureYin¢om¢ Nct movement in 257.923 257,923 24,878 24.819 (24.878) 59 (24,819) Re•¢llOn offundj Total fim¢l8 iyout fonvard Toiai fi1 rial forward 896.048 137.30S 1,033,353 008,534 17 871.170 All of the chwity's a¢tivxti# dcriY¢ from £a)ntinuiDg lelon$ during the ai¥)V¢ prri(¥b. The fun&$ breakdown for 2022 is showm in ncle 17. The notes on p84¢s 12 to 22 fomi aD phrt of these finan¢id thtememts. Page io
Sunny Mount (Knowle) (Registration number: 3371270) Balance Sheet as at 31 Mareh Z023 2023 2022 Note Flxed Amets Tangible 13 70.063 67,897 CurreDt ajxts Debtors C98h at bank aDd in hand 14 22,507 424 959 1,447.466 194,338 757 797 952,135 15 Credlton: faJMn8 due Iwlthkn OD¢ yur Net ¢urr•nt a&s¢ts 16 1433 066 Net fissets 1503 129 1008 534 Fundj of the ch$rlty: RCgtrlct Income funds R¥stri¢icd funds 140253 137364 Unrestrleted I£0m* fndS Untesuicied funds 1362 876 871 170 TotAI 17 503 129 I8334 financial statements bave been preped ttt aecordwe with the spec[ prOs1on$ r¢l4ting to companie$ &ubJ¢c¢ to the small cibmpaniesre8im¢ within Part IS of the Compfinies kn 2(. The fmall¢l ststements on pa8e8 10 w 22 were appro] by the tn¥t¢< and authori8&1 for issu¢ on 12 De¢¢mb¢r 2023 and SI¢d OD their behf by: Mr D Matto¢ks Trustee Th¢ pjgm 12 to 22 forni i•1 w ofthese funCial Page li
Sunny Mount (Knowle) Notss to the Financial Stalements for the Year Ended 31 Marth 2023 I Charity slatus The charity is limited by guaranltt. incorporated in England a[ WaEe4 and consequently doe5 not have share capital. Each of the tnth is liable to ¢(thtn"bute an not ¢xt¢ding £1 towar¢Lq the of the Charity in the event of liquidation. Tho address of it5 r¢Sted office is.. 48 F¢Trtham Road Hamion in Ard¢n Solihull B92 OAY The8e fumncial sratements wrre autknised for iswe by the tnjstee on 12 December 2023. 2 AccouDtiDR polld•# Summgry of $lgDllkathl etountiD% 1le d key •ecountlng ¢8tlDMt "The principal aKountin8 polickes applied in the preparation of these financial 5tstements are set ou¢ below. These polici¢s have been consistendy applirA to all tht years we5enk4 unless othenwise stated. Stattm¢nt of comp114C¢ The fIn¢la1 ststements have been prep8red in #ecordance with Aeeounting ond Rq)ortinB by Charities.. Staternent of Recommend l)ractice {8pplicabl¢ to charities pr¢pgrin8 their aC¢lXLnts in aco)rdanc¢ iyith th¢ Financial Reporting Standard •ppli¢abl¢ in the UK and R¢public of treland (FRS 102)) (issued in OeuTrb¢r 2019) - (Chariti¢s SORP (FRS I02)I, the Financ& RepNts'nB StaThJord wlicable in the UK and Republic of ITel8nd (FRS 102) 8rtd the Companies Ad 2006. B481$ of prepArtloll 8unny MOU (Knowle) rneetl the d¢finttion of a publie ben¢fit ¢ntity under FRS 102. Ass¢ts and liabilrties are initially T01$¢d ai historical cost or frwction value unl¢ts otherwise stated in th¢ rcl¢varrt accountin8 policy notes. Golnff concern Th¢ tNstee consider that there are no materiA] un¢enwntia aknut the charitl# ability to continue as • Boin8 con¢¢rn nor any si8nifir4nt aT¢aS of urtLrtainty thot affe(% the Lrryin8 vu¢ of Sets held by the charity. Income tndowments AEI ineome is rocognised once the chority has entitlement to the in¢om¢. it is probable that the itiwme will be received and th¢ aM(x1 of the incom¢ r¢¢¢ivabl¢ c4n be meosure4J reliably. Donations are recogni5 when the cknity h$ been nLrtified in tting of both the aMot 8nd settlement date. In th¢ evrnt that a donation is subject to conditi15 that requi a level of perfomance by the charity before the charity is erttitled to the fid% the is defenrd 4wwJ not rwised until eith¢r th0 conditions ue fvlly rnei or the filifilment of those GonditiorLS is wholly within the control of the ¢harity amd it is pl0ble that these conditions WIEI be fuifilld ill the reporting perio Page 12
Sunny Mount (KnoTYle) Notes to the Finanelal Statements for the Year Ended 31 M2reh 2023 Gn7nts rectlw7ble Grants are recow]ES when the charlty h&% an artide4nent to th¢ tDd any conditions linked to th¢ have been met. Wh¢re perfom)ance conditions are atiach&l to th¢ grant and are yet to b¢ m¢ the income ES recognised as a liability and iluded on the balance she¢t 8$ deferred income to be rele4se4J. Incow Divid¢nds aT¢ rised w th¢ divid¢ttd hts been d1aa aThJ TlfiltIOn h&8 be 1V1 of the dividend due. Expettdlture All exp¢nditure is re¢)1&ed once tkn is a lyl or wnstTrthve obliga¢ion to thEt expendilurw it is probable 5¢tt1¢ment Is requÉred ond th¢ amount can be rnca5ured reliably. Ail ¢osts are ftllocad to the applicable expenditwe heading that 888regat¢ Similar costs to cat¢gory. Where eosts c4nnot be directly attributed to pArti¢ular headings they hav¢ been 1¢Xaled on a b&sis consistent wrth the use of rwur¢e5, with centr41 staff costs allocated ot) th¢ b8sis of time spen4 and {kp[lation c#5 ailocatrd on the portion of th¢ asset's use. Orh¢r supw)M Costs 8re #lloI¢d based on the sprad of staff . Chttrlit7ble Qrtiiryrfes Ch¥riiable expendiwre eAnpriy¢s tho% costs inrrJ by the charity in the delivery of its aetivities Ind services for its btnefLCLtirie5. It in¢ludes both costs that can be ajlocthd dI[dY to suth adivitics and th¢)s¢ wsts of an indir¢¢t nature nece359ry W support them. Covern•n¢e ¢ts These include the ¢osis attributsble to the ¢harity'$ complian¢¢ with constitiOnal and $tstyJtory r4uir¢men¢5, inGludin8 aud14 Strategic rnana and tre¢'S mtttings and reimbursed expenses. T8xatlon "The Chority 15 ¢onsideYtd to PS5s the tests s¢t in Para8r8ph I khedul¢ 6 of the Finan¢¢ Art 2010 &nd thercfoTe it meets the d¢finition of a charitsble ¢c4npAny for UK rTation tsx purpos¢s. Accordingly, th¢ Lharity Is pol¢ntially exemo from taxation in of income or c1] 8aLns rtt¢ived within categories ¢overed by Chapter 3 Part I l of the Corporation Tax Act 2010 or Seiaiijn 256 of the Taxation of Ch8rgeable 04in$ Act 1992, to the t¢t that such tnwme or gal HTC Bpplied ¢x¢lu$ively to charitabl¢ purposes. T4nglble flxed #sy¢ts Individual ffix as5cts costin8 £50.(M) or more •re initially rectYd•J at ¢w4 1¢ss &ny subsequent UmUlat{d d¢prKiation $ubs¢quent accumulated imtaimKth Ickw. Depreclatlon and amortijation Depre¢iation is provided on tangible fixeAI assets 80 gs to write off the c<J8t or lall¢, less any estim4t¢d rIdUal value. ovtr th¢ir cxpccttd economi¢ life as follows.. Pa8e 13
SllDlly Mount (Knowle) Notes to the Finan¢ial Statements for the Year Ended 31 March 2023 D¢pYtclatloll metbort and rate onc LaTKf and buildings Moiorv¢hiclc5 Trade debtors Trade debtor$ 8T¢ r¢¢tsgnis inilialty at th¢ traT10n price. A provislon for the lMpwnnt of tr debt is establiqheil when there is obj&Xive idence that the charity will not be able w coll¢¢t all amounts thie ae<ordin8 to ¢1% fXi8in#l tams ofthe receivables. CAsb ¢qyhvalnts Cash and cash equivalents ¢omwise cash on hd MI depa8its. and other short-temi hi8hly liquid investments that are readily Convertible to a kTKlWn 4mtyJnt of wxl ar¢ Subjert trj an insignificant risk of ehan8¢ in value. Trade creditorn Trad¢ ¢redit¢)rs ort obliwions to pay ftsr gor$ or services that hav¢ been acquirrd in the ordinary cours¢ of business from suppliers. A¢counts payable are c1•35ified as ojrrent liabilities if the chwity doe5 not hav¢ an uncondiii0tt81 righi ai the end of the p)rtIng period, to defer sCeMent of the CTtditor for at le&st twelve months Iftcr the rep)rting date. If there is 8n nndItional right to dcfer sett]ement for at leas¢ twelve nnthS After the reporting da thry are pr¢s¢n¢4d as rton%um liabilities. Trnde cr¢dltors are recogJis¢d initialty 8t the transa1£ price and wbs•11Y Mer at amorti5¢d cosi uging the ¢ffectiYe inthre& method. Fund $tnietur¢ Unrestricted in¢ome funds are 881 fiumls that are av•ilabl¢ at the tryste¢'s dis¢reti¢)n in fiwthrnc¢ of the objectives of the ¢h£rity. Restricted income fiumts are thos¢ fcf e in A area or for spifi¢ purpos4 the u8¢ of which 18 Testrieted to that area or purpos¢. P¢n51ons otb¢r post retlremeni obligations The charity operates a defined contribution pension selw effitributiorLs are strthvn as an wense and when thcy are inulrrtd and paid. Clzuif¥e7do Financial 8ssets and financial liabKlities are reco8nil when the chaTity becom¢s • party to th¢ ¢onttx provisions of th¢ in5trumenL Financial liabililies and equity imtnmts art dassifi &XrdIng to th¢ substance of the eontra(knl arfdngements entcrcd I0. Page 14
Sunny Mount (Knowle) Notss to the Finaneigl Ststements for the Year Elld 31 March 2023 All fitmncial w¢ts and liabilities ayc initi8Jty rn¢&surJ at tiznsaLtion price (iDcludtDg transaction costs). except for those tinancial &4ets ¢lassified L4 at fr vajue thr]gh p¥ofit or loss. which are initially measwd at fair value (which is nornI]y the transa¢lion price excluding ctIOn costs), unless the arr2ng¢m¢nt constittJ¢es a financing tranSalOn. If an arrangement eonstitules a financing tr8ns&ctiLML the financial asset or fTnancial liability is ht the PTes¢m valu¢ of the fithEf¢ P&ynDts dIted at a m2rk¢t rate of intuest for similar d¢bt instsumenL Financial &8J¢ts and liabiliii¢s tre (xdy offset in the SW¢ment of fin8nciai p)5ition whffj and only when there exists a legally ¢nforce4bl¢ right to set off th¢ rKognised aMjts and the charity intends either to settle on a nd basis. or to r¢alis¢ the asset and ttl¢ th¢ liability simult8nwly. Financial &ssets are dereeognised whth) and only Wh a) the wntractuai rights to the cath flows fmm the financia] &wt expire or are settled. b) the chwity transfers to Another paty subsr4ntia]ly 411 of the risks and rrwards of ownwship of the financial or ¢) the charity. dwite haviny r¢tsined som4 but not 1, $i8nific4nt risk5 gnd Tewwds of owntTrhI h8s trart8fetrtd control of the asset to aThxhet party. Financial Ilabilltiu are derecwised only wlxn the obli8AtiOD wified in the IÈ di8¢harge4 Cart11¢d or expireg. The besi evtdence of fair vttlue 1$ u quotrd for an identical ass& in an active markeL When quoted prices are unavailable. th¢ pri¢e of a recent tr¢110n for an identical w¢t provides eviden¢¢ of fwr vue as lon8 HS hL% not been & signifiwit change in e¢onomic Circums or a si8nific4nt l$pse of time since th¢ trthsaction took place. If th¢ market 1$ a¢trve and r¢¢¢nt transDctiorks of an Identi ass¢t on their own •r¢ not 8 good ¢stim8t¢ of fair valu< the fair Val is elMod by usin8 8 valuation tttIque. Pa8e IS
SvDny Mount (Knowle) Notes to the Financial Statements for the Year Ended 31 March 2023 3 Income fTOm dollations attd lewl¢y During the year the charity rtteived a donation frorn the winding up of a charity in the loca] ares. This donation amounted 10 £593.549 a1 1$ sknwn Ms an utwu(ricted fimd as Tt for use for gcneral objectives of the 4 Income from ¢h•rttablt aetivStlos Unrestrltttd Totxl 2023 GeDerBI Provlsion of we and aOI1)datiO0 254.225 Unrestrlcte funds GtnerAI Totsl 2022 Provision of and 237,859 237.859 Ullrntrlet•d fulldB GM¢r•l R¢Jtrlcted funds Tot1 2023 Interest receivable and similar in¢crfne' Interest rec¢ivoble on bjnk Wsits 10.230 10.230 2.889 13,119 URT¢5trlct•d fuDds Cen•rl Ro5trlcted fund Totsl 2022 Int¢r¢st r4ttiv8ble and simil i Inttrut rKeivable on bpnk thposits 209 59 268 209 59 268 Page 16
Sunny Mount (Knowle) Notes to the Financial Statements for the Year Ended 31 March 2023 6 Lip¢lldithre on tharitable activiti Uttr¢stricted funds Genernl Total 21123 Not Provision of c8re and accorn Staff ¢o$ts 82.422 275,309 15,712 82,422 275,309 15,712 373.443 373.443 Ure8trleted nd$ G¢ntrl Totsl 2022 Note Provision of c#1¢ acwmthon Stsff ¢osts 72.516 158,800 26.007 72,516 158.800 257,Y23 257 923 Artlvlty ndert•k•D dlr•ctly 2023 Proviiion of ¢aYe and 4cwmothtion 357,729 Act51Ity ndert*k¢ dirnrtjy 3S7,729 2022 Provision of we and IomJatI( 231,316 231,316 PaAe 17
Sunny Mount (Knowle) Notes to the Financial Statements for tbe Yr Ended 31 March 2023 £357,729 {2022 . £231 J16) of th¢ abov¢ ¢xwditure w&% attributable to unrestrided Sjnds 4nd £Nil (2022 . £Nill to restricknl fund& In 8ddition to the expenditure allY1 aErf)ve. there are also governan¢¢ costs of £15.712 (2022 - £26,607) which Tele directly to ¢haritsble activities. Se¢ t¥)te 7 for fjmther det8ils. 7 Artfi]yu of governn¢¢ d sypport tosts utrICted futtd$ Getser•l Totsl fllDdJ Audit fees Audtt of th¢ fiNn¢iAt stAtt4n Le881 f¢es 2.400 13.312 13.312 Total for 21b 15,712 TotAI for 2022 26,607 26,607 8 N¢¢ IncomID0lltgoIg reur N¢t inc0min81(outs1ng) re8owc ftjr the year IlUd¢.. 2023 2022 Audit fees Depreciation of fixd aysets 2,400 4.874 9 Trnstet r•myDeYtlort exp¢DX• No trLLStee, nor any peN)ns conne£ted with have rtvived fWUT)¢ratton froTn the charity durin¥ the year. No truytee5 have received any r¢imburwJ expetLW IY any other t<nefiLS from the tharity durin8 the yeAr. P8Re 18
Sunny Mount (Knowle) Notes to the Finydncial Statements for the Year Ended 31 March 2023 10 St*ff costs The payroll cc6ts Ihrre &8 follows.. 2023 2022 StAff costs duriD£ the yur w4re: Wa8cs and salaries soci securiry wsts Pen%ion costs Other 8t&ff costs 248.163 16,724 4.937 5,485 147.948 7,123 3.729 275,309 158,800 'lThe monthly aver88e num of p¢rsoTrs (ilUding senior mAn88ement I l¢ade¥ship tesm) employd by the ch4Tity durin8 th¢ y¢Ar expre88¢d as fijll time equivalents wo$ 88 follow8: 2023 No 2022 Care s¢& Administrntson No tmploy¢e Ye1V thnoluments of ffN)re than £60,CW dwing the yw. 11 Audltorj, r•mMn•rAtloa 2023 2022 Audit of the finartciai statem 2,400 2.4(K) 12 T#x#tloD The charity is a re8istrred chrity gnd is ther¢ftsrE eXp1 frorn toxario p19
SUDDY Mount (Knowle) Notes to tb¢ Financial Statements for the Year Ended 31 March 2023 13 Tanglble fixed assets Land Motor vehieie TDt81 Cost At l A71 2022 Additions 25.043 8,800 121.952 8,800 At 31 March 2023 33.843 130,752 Deprecitlon Ai l April 2022 Ch8rg¢ ftr the year 34.884 1.938 19.171 4.696 54.055 6,634 At 31 March 2023 36.822 23,867 60,689 Net book v*lu¢ At 31 March 2023 60.087 9,976 70,063 At 31 Marth 2022 62,025 5,872 67,897 14 Debtors 2023 2022 Tr¢ debtors Prcpayments Other debtors 17,094 5249 164 5.514 7.479 181345 194,338 2023 2022 C&8h on twjd Cash at bank Short-temi deposits 213 167,673 .257,073 163,843 593,954 757,797 1,424,959 Pt 20
SunDy Mount (Knowle) Notes to the Financial Statements for the Yr EDded 31 March 2023 16 CrtditorJ: amounts fUillg dut within one ye•r 2023 2022 Trydde creditors Other c¥editors Accnthls 5.610 1762 936 7.800 7.800 14.4(N) 11.498 17 Tr"unds la¥¢¢ ¢ I Aprll 2022 BAl#nee 8t JI Manh 2023 rejoure expellded UnreJtrict¢d fvndi Gen¢rsl 871,170 865,149 (373,443) 1.362,876 R¢gtrieÉed fuDd 2.889 140.253 TotAI fvthd# 1,1)08534 373,443 1503,129 BAla¢¢ #i I April 2021 IncornlDI Resources expended M8reb 2022 Unregtricled funds Genernl 896.048 233.045 (257.923) 871,170 RestrktI fuHds 137,305 59 137,364 Tot1 fundi 1033 353 233,104 257.923 1008 534 The spriC pwp)s¢3 for whith th¢ fuThJs aTe to b¢ owjlied are as ftsllm: Paddock View Fund This compris¢s wfvJn¢y rats for the n$ttic of a nthv buildin8 for the ¢arn of rtsidents with sevtsr l¢wnirtg disabilities. Welfare Fund This fvnd is to rt¢eive dotionS to FVIde i*ms for the WElhre of th¢ Tesidents su¢h as trips an(1 equipment. Pa8¢ 21
Sunny Mount IKnowle) Notes to the Financial Statements for the Yeydr Ended 31 March 2023 18 An8tysis ofDet assets b¢¢Wee f¥nds Ullrtstricted funds G¢nernl Totsl lundi at 31 MArth 2023 Restrlcted fullds Tangiblc fixed t&%ts Current &ss¢ts cUnt liabilities 70.063 I J07213 70,063 1,447.466 140.253 net assets 1.361876 140.253 1503 129 Unregtrlrted funds G¢n¢ral Total fuknd #t 31 March 21122 funds Tangible red assets Current asseis Current liabilities 67,897 814.771 11.498 67,897 952.135 11,498 137.364 Totsj aJsetJ 871.170 137,364 1008,534 19 Attty¥ls At l Apiil 2022 FlThixl4 euh At31 Marth flows 2023 CA5h at bank And in hond 757,797 667,162 1,424,959 Net d¢bt 757.797 At l ApAI 667,162 Flninelng ctsh 1,424.959 At 31 Mreh 2022 Cash * bank and in hand 807,855 50.058 757,797 Net debt 807.855 50.058 757,797