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 FITh￿1&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 chU￿h 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 coMp￿Y 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¢ oF￿110ft of its pmpty at 127 IAMgdon Road, Knowl< whi¢h provid¢s residential accommodotion for 4 r¢5idenL8 with leaming d￿culties. 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 comF￿Y 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 Registe￿d Charity that had. for a n￿nber of decth, been providing eaTe and accornrn0￿I0n 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 Incre￿inglY frail residents. conSeq￿ndY the Home found it incr￿Ing[Y diffi¢uli to fLII voids and, for at least the 12 month peri¢NJ precedin8 closuT4 the Home had been op￿￿1￿8 with n￿re 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 m￿t close and thaL in ac¢ordan¢¢ Arti¢le 8 of Olion Grang¢'5 Articles of Associ￿lOn. wi8hed to ultimately transfer th¢ property to Swwy Mount (Knowle) Limit￿1, 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 I￿S 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 St￿nd 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¢ r￿na[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 aCWmn￿d*tion 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 comm￿l0n.S general gutd8n¢e on wbli¢ benefit when revI￿1ng the TNsV$ aims and obje¢tives and in plannin8 Activities. The tru5te¢ confirm that they have complied with the Icqulrem￿ts of s￿li0n 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¢l*l revlew Polley resen Re8¢rYes a￿ul&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 t￿o￿nE 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$oMrr Fundin8 is principoily through incom¢ r¢¢¢iY¢d fmm ruid¢nts and swutory (wisthons ￿l¢kn kupport the4n, in rettrn for the ¢are at￿ accommod￿10n provid Trnjteu •nd Offi￿ Th¢ tntstees arml officers s¢Thin8 duritig the Ye￿ •nd sin¢¢ the year end were as follows: Trust¢t: Mr D Mauocks A Kokilagaddo (r¢91￿1 21 Augu￿ 2022) Structiire? gov¢rn#nc• x•d mAmxe¢me#t Natmre ofzovernln¥ The charity is controlled by its gov¢rning d(Kumrt i of and Cowittttes 8 limited e4)mpany> limited by 8uarante¢, as defjned by the Compllniw Act 21)06. RecrMIth￿Th* 4nd0ppo1￿Me￿ vftrustr¢ A new tr￿le¢ appointed on 12 NoY¢mber 2021. Following the re$l￿￿tion of Mr Kokilasadd4 on 21st August 2022, the charity is actTvely l(K)kÉng for new trusteu. If the iM¢ntion tnJs*c5 dwL8es appropria* Ind￿lon 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 &%stKi*ion with Solihull Care Lirnitwl who were previously offering mhnag¢m¢nt and athninistrativ¢ supporL The COMF￿nY now provides its own m8nB8emeni fJnanLiRi and athninistrative gtrvi¢¢ Mujor risks ithdnwnazemtwofthase rl Rlsk Mal￿geR￿e￿i 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 Id￿tify Ind rview thE risks to which the charity is exposed and to enBure apwipriate corJtro15 are in place to provide reo8onabl¢ assur4￿C 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￿[￿K*s wjd tr8d¢ and other ￿eTyable9, and investments. "The charity's crtyjit risk is wim￿lIY attributabl¢ to its tr* receivabl&4. The anmmts presented in the balanc¢ sheet are n¢1 of ailowanGts for doubtfi]I rweIvabl￿ An allow8￿C 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 fi￿d5 is limited be¢aw4e the countWi¢s are b8nks high Cr￿lt-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 01￿*10￿$ 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 m￿￿1 (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 Pra￿1cCA including FRS 102 The Financial RetK)rtin8 Standard 8pplicable in th¢ UK and Republir of Ireland.. The r¢wrt and accounts have been prep￿d 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 Statern￿ts 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 eXp￿d]nITe. of the chwitable company that period. In pyeparing th¢se financial sta*m¢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 acco￿li1n8 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 ￿lti￿lle in businw. Th¢ member is reJponsibl¢ for keepin8 proper I￿Oll￿ting records that can disclose with re4$0th1¢ 4LYuracy at any time the financial P￿ttiOn of the charitsble c(xnpBny and enabl¢ them to enwre that tht financial statements comply with the Cornpanies Act 2006. He is also re4YJnsible for ￿fegUardIng the of thc Gharithblc company and hence for tsking reasonable steps for the prev¢ntion and d￿￿10￿ offraud 8nd othcr Lrr¢8ularlties. The tr￿1¢¢ 1.8 rcsrrt)n8ible for the maintenance and integTiry of the corporate and financral inforniatson included on the charitable company'8 website. l.e8islation governing the preparation ond dis8emination of financial statements may dtffer frcln le8i$l*ion in other jurisdi¢tions. Dts¢l￿yr• 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 Sm￿1 ¢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 matt￿kS Trustee Sunny MouDt (Knowle) Independent Auditor's Report to the Members of Sunny Mount (Knowle) Op1￿10 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. B￿anCe SheeL and Note5 to the Financial Statern¢nts, in¢ludin8 a sry of SI￿]fi￿nt w￿11￿8 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 appliL*ble in th¢ UK attd Republic of Ireland. and applicable law (United Kingdom G¢n¢rally Acc¢pt¢d Accouniiog P￿CtiCe). 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 eXp￿d]lUre, for the year then ended. have tr*¢n properly prepgr¢d in 8eetsrd￿ with Unit•J Kin8kn Ge4*nlly 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 In￿rn￿onI1 Standards on Auditing (UK) (ISA$ UIK)) and Y4pplicabl¢ law. Our r¢spon5ibilÈti¢s under thos¢ *andarth ar¢ furthcr d¢s￿Ibed 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 fi￿filled our oth¢r ethical rewnsibilitie5 in a¢cordanc¢ with thes¢ reqUIr¢rn￿rt3. 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 ￿nclUd￿l that the trLL8t¢e use of th¢ going c4)ncern basis of accountin8 in the pr¢p8rntion of the finAn¢ia] statements is appropri￿e. 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 Ch￿Ity'S ability to ¢ontinue as a going eon¢¢m for a p¢riod of at least ￿e1ve Mond￿ from the ori8in81 finan¢ial stalw￿ts wcre authorise4J for issue. Our responsibilities and th¢ Ywibiliti¢s of the trus*c 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 Info￿On. 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 oth*Nvis¢ 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¢o*bki¥tonl with thc finanFiaJ 3taLemrnts 01 our knowledge obtained in the audit or otheMs¢ appears ￿ b¢ materially misstated. If we id￿tify such materi81 incon515tencies or apparent materi4i mi￿￿*m¢n￿ ￿ ar¢ wuired to ddemiine whethty thcre 15 a mafrrial Mi￿￿ternent 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￿ mi￿1¢￿￿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¢ infom￿tiO￿1 given in the Ttustee's Report for the fina￿1￿ year for which the financial statemots are prepared is corL8iStQK with the financiat ststrments: and the Tn￿¢￿'S Rwt ha5 bgcn pT¢paTNI in acn. 'fhis ri$k in¢r¢oses the more that wmplion¢¢ wtth a law or r¢guI￿lon i8 rwovrd from the events ond transactions r¢fle¢ted in th¢ financial statements. as wc will be less likely to becune aware of iDStanw of Th)n-￿mPlI8￿￿. The risk of not detecting ¥ nMl¢rial mil8tatu￿ resultin8 fmm fra￿1 1$ h18h￿ than for one resultin8 fiYJm ¢m)r, as fraud may involve collusi(*), foEm. inturtiotwl ￿m$S1on4 miW¢pru¢ntati￿l4 or th¢ ovaride of int¢mal ontrol. 115¢ of our report This report is mad¢ solety to the Glwitable wnpany tr￿tte tn a¢￿dance with Clwr 3 of Part 16 of the Companies Act 2006. aJJJit work has been undertaken so that we mi8ht st* to the elwity's trustee thos¢ matters are required to state to in #n guditor'g Teport atMI for rto other purpo80. To thc fvllo$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 [t￿r4 or tsthe opini(w ￿ have forni￿. Sunny Mount (Knowle) Ind¢pendent Auditor's Report to the Members of Sunny Mount IKnoiYk) Mr RI"¢h￿d S￿nCer BA FCA (Senior Stotutory Auditor) For on bchaif of Buckler Spencer L]rnIt￿l. Sthwtory A￿JitOr 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 LO￿￿8) UDrestri¢twJ fvnds Restricted fuDds Total 2023 Note lucome EDdowm¢•ts frnm: Donations and le8acie8 Charitable aetiviti 6c￿l.694 254.225 10230 600,694 254,225 13.119 2.889 Total In￿Me 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 Reconeill*tioN of fllndi Total funds brought forward 871,170 137,364 1,008,534 17 1,362,876 u￿re*lnCted 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￿•¢ll￿￿￿On offundj Total fim¢l8 iyou￿t fonvard Toiai fi￿￿1 ￿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 ￿le￿lon$ 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$rlty: RCgtrlct￿ Income funds R¥stri¢icd funds 140253 137364 Unrestrleted I￿£0m* f￿ndS Untesuicied funds 1362 876 871 170 TotAI 17 503 129 I￿8334 financial statements bave been prep￿ed ttt aecordwe with the spec￿[ prO￿s1on$ 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 beh￿f by: Mr D Matto¢ks Trustee Th¢ pjgm 12 to 22 forni ￿ i•1 w ofthese fu￿nCial 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¢￿St￿ed 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 $lgDllkathl *etountiD% ￿1￿le* **d key •ecountlng ¢8tlDMt "The principal aKountin8 polickes applied in the preparation of these financial 5tstements are set ou¢ below. These polici¢s have been consistendy applirA to all tht years we5enk4 unless othenwise stated. Stattm¢nt of comp11*4C¢ The fI￿n¢la1 ststements have been prep8red in #ecordance with Aeeounting ond Rq)ortinB by Charities.. Staternent of Recommend￿ l)ractice {8pplicabl¢ to charities pr¢pgrin8 their aC¢lXLnts in aco)rdanc¢ iyith th¢ Financial Reporting Standard •ppli¢abl¢ in the UK and R¢public of treland (FRS 102)) (issued in OeuTrb¢r 2019) - (Chariti¢s SORP (FRS I02)I, the Financ&￿ RepNts'nB StaThJord wlicable in the UK and Republic of ITel8nd (FRS 102) 8rtd the Companies Ad 2006. B481$ of prepAr*tloll 8unny MOU￿ (Knowle) rneetl the d¢finttion of a publie ben¢fit ¢ntity under FRS 102. Ass¢ts and liabilrties are initially T￿0￿￿1$¢d ai historical cost or fr*wction value unl¢ts otherwise stated in th¢ rcl¢varrt accountin8 policy notes. Golnff concern Th¢ tNstee consider that there are no materiA] un¢enwntia aknut the charitl# ability to continue as • Boin8 con¢¢rn nor any si8nifir4nt aT¢aS of urtL*rtainty thot affe(% the L*rryin8 v￿u¢ of ￿Sets held by the charity. Income tndowments AEI ineome is rocognised once the chority has entitlement to the in¢om¢. it is probable that the itiwme will be received and th¢ aM(x￿1 of the incom¢ r¢¢¢ivabl¢ c4n be meosure4J reliably. Donations are recogni5￿ when the cknity h*$ been nLrtified in ￿tting of both the aMo￿t 8nd settlement date. In th¢ evrnt that a donation is subject to conditi1￿5 that requi￿ a level of perfomance by the charity before the charity is erttitled to the fi￿d% 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 pl0￿ble 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 i￿luded on the balance she¢t 8$ deferred income to be rele4se4J. Incow Divid¢nds aT¢ r￿ised w th¢ divid¢ttd hts been d￿1a￿a aThJ T￿lfil￿tIOn h&8 be￿ ￿1V￿1 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 ftlloca*d 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 #ll￿oI¢d based on the sprad of staff ￿. Chttrlit7ble Qrtiiryrfes Ch¥riiable expendiwre eA*npriy¢s tho% costs in￿rr￿J 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 consti￿tiOnal and $tstyJtory r4uir¢men¢5, inGludin8 aud14 Strategic rnana￿ and tr￿￿e¢'S mtttings and reimbursed expenses. T8xatlon "The Chority 15 ¢onsideYtd to PS5s the tests s¢t in Para8r8ph I khedul¢ 6 of the Finan¢¢ Art 2010 &nd thercfoTe it meets the d¢finition of a charitsble ¢c4npAny for UK ￿r￿Tation tsx purpos¢s. Accordingly, th¢ Lharity Is pol¢ntially exemo from taxation in of income or c￿1￿] 8aLns rtt¢ived within categories ¢overed by Chapter 3 Part I l of the Corporation Tax Act 2010 or Seiaiijn 256 of the Taxation of Ch8rgeable 04in$ 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