Company registTrtion number. 3371270 CIL8rity registration number. 1063041 Sunny Mount (Knowle) {A Mpally limited by guarantee) Annual R¢Ewt and Financial statennts for the Year Ended 31 March 2025 Buckler Spencer Limited Old Police Station Church Street Swadlincote Derbyshire DEI 18LN
Sunny Mount (Knowle) Contsnts Reference and Administrativ¢ Details Strategic Report Tru5t¢e5' Report 3to6 Independent Auditors, Report 7tolO Stat¢m¢nt of Financial Activities Bala¢ Sheet 12 Notes to the Financial Statements 13to22
Sunny Mount (Knowle) Reference and Administrative Detsils Trustee¥ Mr D Matt(Kks Pmf G H Boer Ch*rlty Registration Number IQ63041 Company Reglstrltlon Number 3371270 The ¢Ilty is incoTp)ratrd in England and Wales. 48 F¢ntham Road R¢81Sted Office so11hR B92 OAY Auditor Buckler Sp¢ncer Limited Old Police Stalion ChuTch Street Swadlincote DEI18LN Page I
Sunny Mount IKnowle) Strategic Report for the Year Ended 31 March 2025 The trustees, who are diT¢¢tors for the purp)ses of company law. Present their strntegic Tep)rt for the year end 31 Mar¢h 2025, in compliance with s414C of the Companies Art 2006. Flnanclal revlew Poucy on resenys Reserves CumUlated from cliaritable fiHraiSIng arc Dmintaincd in a separnte accoullL namely the welfare of residents. account The charity endeavout5 to hold reserves to clble it to llRet its on-going operating nmiitments and also to be abl¢ to respond quickly when furtber opp)rtUDities to extend our activities ore identifi¢(L It is th¢ CoMpanS policy only to utilise these accouDts for welfare and leisure for the residents. Thcrc is s0 a Paddock View Appd reserve accounl h¢ld in a separdte fun¢ whid] to contribut¢ in due course to the building of a specialist unit to replace the Paddk section of the home. This is no lotw leVallt as the old home in Kenilworth Rood was sold in 2009. Prin4ip4lfMnthng sources Funding is principally through income ttceived from rnidents and statsltory organisatioDS which 8UPPOrt the in return for the care and accommothon provided Risk management The tDJStees have a duty to identify 2nd review the risks to which the charity is exposed ¢0 ¢n5ur¢ appropriate controls are in place to provide re&wI)IC assurance agairLSt and em)r. The tnths have establisb¢d systems jnd prIre$ to help to n]anage these risks. The strategic rep)rt was approved by the tne¢S of the ¢harity on 10 December 2025 and signed on its bebalf by: Mr D Matrks Tn1¢£ Page 2
Sunny Mount (Knowle) Trustees, Report The trustees. WI are directors for the purw)ses of compony law, present Ihe annual report together with the financial statetn¢nts 3nd auditors, retx)rt of the cllaritsble company for the year ended 31 Mar¢h 2025: Objeetlves and Acdvhles Objects and uinvJ The main objective of the ¢ompany 15 the provision of L*re and a0mOdatiOn for the four residents of the property at 127 Longdon Roa& Krnwle. The principal tiVity of the company is the 4¥eration of its wop¢rty at 127 ngdon RO Knowle, which provides r¢sidential accommodation for 4 residents with learntng difficulties. thus fulfilling our conmutsnent to continuing to provide public benefit from our activities. The Company has considernble cash reservu the maJity of which re5ult&l from the sale of land in 21K)9 and it has long been the objective of the Company to apply these reserves for the development of additional seTViC¢S for the benefit of people with Learning Disabilitses residiDg in the Borough of Solihull. Dwin8 the lattr months of 2018 the Company was approached by Olton Grange Limits¢ a Registered CharÈty that ha(L for a nutnber of decades, been providing care and accomm10n to tldeAly citizens in their Regist¢red Residcntial Care HoLne at 84 Warwick Road Olton Solihu]l B92 7JJ. The HonK was Registered for a of 25 0Pants. a number of thc bthrn5 had been provid¢d with en-suites however the remaining b¢drooms were too sm&ll to allow this and also fell way below the spaliai standards that are now reqUIreeXpeCte(L COld0[5 connecting bear We very narrow alid on multi levels and the premise4 in their CUTrent layouL was considered no longer fit for pwpose to provide accomm(Mlation for increasingly frail residents. Consequently the Home found it increasingly difficult to fill voids and, for at least the 12 month period preceding closure, the Home had been operating with than 3/0 of the bedriM)ms vacaat resulttng ID a Critical reduction in inCA)rne and rendering the Company no longer fitwicially viable. The Board of Trustees had boped that this critical situation would impTove however, and regrettably, it didTh'L The Home was no longer fiDancially viable and had almos¢ exhausted its fmancial reserves and it was with &t reluctance that the Board of Trustees. accountable to arnongst others the Clwity Commisstoty decided that the operation of th¢ Hom¢ uwst ¢w¢ and that the Charity and CompaTry knovrn as Olton Grange mst close and thaL in ac¢ordan¢e with Article 8 of Olton Grange's Articles of Asswiatio]L they wished to ultimately transfer the pmpety to Sunny Mount (Knowle) Lirnitsl thts traLsfer of property 15 also ill &CrdanCe with the Tnjst Sunny Mount (Knowle) Ltd aeed to make a donation to Olton Grange to meet all oftheir debts and liabilili¢s. including a consid¢rable sum ID respect of Statuti)ry liedundancy PayineDts. enabh'ng Olton Grange to close honourably and in gcd standing. It was OrinallY intelld that SuIY Mount would take over the prerni of Olton Gtange an& subject to Planning PermissioN Building Regulatiots and any ststutory approvaL redevelop th¢ building to ¢reate a number of apartsnents. on the fiz5t and second fl(y)r, for people with IArnittg Dlsabilities. HovRv¢r. although the premise5 are freehold. the remlnS a restrictive covenant in place, applied by Solihull Metropolitan Borough Council. that the building be &8 a Tare Home for Eld¢rly persolls" As a result of the difficulties posed by this and other reasons. the compally decided to sell the property on the open markel and this was Mpleted on 30th June 2022. Following this, the loan was repaid to Sunny Mount (Knowle) and the remaining fiulds from the sale proceeds were theD transferred to Sumiy Mount (Knowie). Olton Grange Residential Home then applied to Companies Hous¢ to be struck off the regis. Page 3
Sunny Mount (Knowle) Trustees, Report Sumiy Mount (Knowle) now activ¢ly considuing how to utilise Ihe funds reccived from Olton Grange RegidelltiaL Home to ben¢fit the community by offering fillther residential care facilities. Publw benefv The charity provid&s residential care and accomrnodatioo OD a needs led basis iti a CQC registered care hom4 not on any Criteria Set up by the charity or on ability to pay. The trustees wnfirni that they have referred to the guidance cootained in the Clwity Commission's generdl guidance on public benefit when reviewing the ThLsVs aims and objectives and in plantiing fikn actAviti¢S. The ttiJs*es coDfirn] that they have cotDplied with the reqll1rts of section 17 of the Clwities Act 2011 to have due regard to the public benefit guidance publi51Kd by th¢ Charity Cottm)ission for EDglalld and Wales. Trustees and offieers The tswst¢es and officers serving during th¢ y¢ar and since the year end were as follows: Tn]stees: Mr D mattkS Prof G H Bo¢r (appointed l May 2024) Structure¥ governAn¢e and management Nathre ofgovtrning document The chaTity is controlled by its governing docuDJeDL 8 deoa of trusl and consti1¢5 a lijnited company, limited by guataotee. as defmed by the Compatlies Act 2(M)6. Recruitiment andappOthtsie oftruslees Following the resignation of Mr Kokilagadd4 on 21st Augwt 2022, the charity a[wint Mr Harv BoeT OD 1st May 2024. IAdueilon dnd 1ThnIng of trustees If the intention to recrnit trustees cbanges approwiate itiduction and tsaining will be provided to any new trustee5 without appropriat¢ experience in the charitabl¢ OrgaRis41iono1 s¢rnd¥re The wmpaDYs most sellior officer is the Gellerai MaDager who reports directly to the Board on all strategi issucs. The Home Manager, who rq)orts directly to the General MaEw8er. manages a team of care staff on operational matters. Page 4
Sunny Mount (Knowle) Trustees, Report Mdjor iisks and management ofthose ri¥kT Rifk management The Inte¢S have a duty to ideDtify and vIeW th¢ risks to wbich the chlty is exposed and to eosure appri)priate controls are in place to provide reasonable &ssurance aga[ fraud and error. The ttustees have established systems and pr(K&Ju to help to UW8ge these risks. FiDAnci41 Instrnments Objedives andpoucles The Inte¢S bave a duty to identify and review the risks to vknich the clwity is exposed and to ensure appropii*e controls are in place to provide reasonabk assurance against fraud aTkd error. The trteeS bave establisbed systems and procedures to help to manage these risks. CaThfvw The charity retsiD8 sufficiart fimds on deplt ts) manage its LZ8h flow requirernents. Credts ruk The ¢haTity's principal financial assets are bank ba1allc and trade and other receiv8bles, and investments. The Charity's credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowdnce for impairment is llmde where tbere is an identified loss event whtch, based OD previoiL8 experience. is evidence of a r¢duciion iti the recoverdbility of the cash flows. The credit risk on liquid is limited iwuse the COUDteTpartie5 a banks with high credit-ratings assigned by international CTedit-ratin8 agen¢ies. Liquidity risk In order to maintain liquidity to ensure that sufficient fillujs are available for ongoing operations and tUre developmeDts the charity keeps its bank balanc&8 ID short.tem] dqsIt accounts. Furth¢r details regarding liquidity Tisk can be fou1 in the Ststement of ting policies in the financial statements. StAtemenl of trustees, responsibilities The trust¢es (who are also the directo of Swmy Mount (Knowle) for the of company law) are responsible for PTeparing the tne¢s. report and th¢ fiD8ncial Statem in accordance with applicable law ttnd United Kingdom Accounting Standards (United Kmgdom Gencrally Accepted ALxountiDg Prnctice). in¢JudiDg FRS 102 "The Financial Rertillg Standard applicable in the UK and Republi¢ of Irelalld Company law requires the tsustees to prepare financial staternents for each fULCIal year. Under company law the trustees must not appmve the financial statements unless they are satisfied that they give a true and fair view of the stste of affairs of the charitsble company and of the incoming resources and application of resources, including its income and expenditu of the charitable company for that perio(L In prcpori thes¢ financial ststernen the trust¢es are required to: select suitsble accounting wlicies and apply th¢rn COD5iStentty; observe th¢ metho(L% andprinciples in the Charities SORP. Page 5
Sunny Mount (Knowle) Trustees, Report nth judgemffllts and cstimth that are reasonable and prudent" state wheth¢r applicable accounting standards comprising FRS 102 bave been followe4 subject to any material departures disclosed and ¢xplailluJ in the fll)ancial statements: and prepare the fllwicial statemcnts on the going concern b&sis unless it is inappropriate to pr¢simie that th¢ ellaritable wmpany will continue in blD. The trustees are responsible for keeping proper accouniing recor&5 that caD disclose with reasonable accurdcy at any time the financial position of the charitable company and enable them to ensure that the financial statements cornply with the compani Act 2006. They ar¢ also reSpo81b1e for safeguarding the assets of the charitable company and hencc for tsking r¢&sonable steps for the preventii)n and dettion of fraud and other irregulaTities. Th¢ trustces are responsible for the Traintrnattce aDd ititegrity of the coJporat¢ and financial itifornmtion included on the cljaritable cOMpanS websitL Legtslation gOvning the preparation and dissemination of financial Statements rnay differ from Il$lation iti other jutisdictions. Disrlo$ure of Information to avditor Each trustee ha5 taken steps that they ought to bave tsken &$ a t in oThler to make themselves aw8re of any levant audit information and to establisb that the clwitys auditor is aware of that inforniatiotL The trustees confirm that there is no tel¢vant ]nforntIOn that they klW of and of wbicb th¢y know the auditor is unawate. The annual report was approved by the thjstees of the clwity on 10 December 2025 and signed on its behalf by: Mr D Mattocks Tntee Page 6
Sunny Mount (Knowle) Independent Auditor's Report to the Members of Sunny Mount (Knowle) OplnloD We have audited the fjnancial stateMts of SuDlly Movnl IKnowle) (the 'cbarity) for tbe y¢ar ended 31 March 2025, wbich comprise the Ststement of FinarKial Activities, Balance Sheel and Notes to the Financial Ststements. iticluding a Sumrn of SilfiCant accounting policies. The financial rew)rting framework that has been applted in their preparation is United Kingdom Accountjng St8ndard& wmprising Clwities SORP - FRS 102 The Financial Rqxyrtin8 Standard applicable in the UK 8nd Rqjubiic of Ireland, and applicabl¢ law (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statem. give a tru¢ and fair viw of the stat¢ of the clwitys affairs as at 31 March 2025 and of its incoming resources and application of resources. incluthg its income and expenditure, for the year then endrf. have Ix¢n prowly prepared in accordance with United Kingdom Generally Accepted Accounting Pra¢tiG¢' BASLS for opinion We conducted our audit in accoTdance with InternatiOn8J Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those Stand a further described in the auditor respN)nsibilities for th¢ audit of the fmancial statements section of our reporL We are •dent ofthe chatity in accordance with the ethical requirements that are relevant to our audit of the financial StateDnts in the UK including the FRC'S Ethical Stgndard. and we hav¢ fulfilled our other ethical resp)nsibilities in accordance with these requirements. We belieye that the audit evidence w¢ bav¢ obtained is sufficient and appropriate to provide a basis for our optnion. Concluslons relatlng to golDg concern In auditing the financial statcments, we have conclud¢d that the tDJstees usc of th¢ going concern basis of accounting in the prepar4tion of the fllwicial statements is appropriate. Based on the work we have r0[melL we bave not identified any material Unc¢]ntieS relating to eveDts or conditions that. individually OT colltiVely. may c&8t significant doubt on the charity's ability to continue as a going con¢¢rn for a wiod of at least twelv¢ months from when the original financial statements We authoris¢d for i&sue. OUT sPOnsIbl11tieS and the Tesponsibiliti&s ofthe Irustett with respect to going concern are d¢s¢ribed in the levant sections of this report. Other inforntiOll The 1Thtee8 are responsible for the other infonnation. The other infornLqtion comprises the inforniation Included in the annual report. other than the financial swt¢ments and our auditor's report theon. Our opinion on the financial ststements does not cover the other itrfotmation an except to the extent othetwise explicitly stat¢d in our report. we do not express w form of assur conclwion th¢rry) In ¢onEtiOn with our Audit of the financial stateML our reswbiiity is to read the other inforntstion an in doing so, consider whether the other information is MalalIY inLx)nsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If w¢ ideDtify such rnaterial inconsistencies or apparetrt material missr8tement4 we are required to d¢t¢mitne whether there is a matrrial O]iSStatem¢nt in the fmancial staments or a material misststemenl of the other infomJatioL If, based on the work we have perfornied we coll¢lude that there is a material 15518temelll of this other InfonO we are Tequired to report that facL W¢ have nothing to report in this Tegar Page 7
Sunny Mount (Knowle) Independent Auditor's Rqrt to the Member5 of Sunny Mount (Knowle) OpiDlon on other m*tter prescrlbed by the Companles Art 21106 In our opillio b&sed on the work undertaken in th¢ course of thc audit: the iDforniation given in th¢ Strategic R¢port a] Tn, Report for the financi81 year for wbich the financial statements are prepated is consistent with the financial staternenty and the Strategic Report and Tnlees, W hav¢ been prepared itt accordance with applicable legal requirement Matters on which we are required to report by exception tn the liglrt of our knowledge and underdIng of the charity and it8 enviroDrnt obtained in the course of the audit. we have not identified material misststements in the Strategic Report and the Trustee5' Repo We have nothing to report in reSpt of the following matters where the compani Act 2(K16 requires u5 to report to you if. in our opinion: adequate accounting records have not b¢en kepL or retUTDS adequate for our audit have not becn received from branches not visited by us. or the financial statements are not in agEeanent with the accountiDg records and returns: or ertain disclosures of tTUStees remuneration specified by law are not n]ade' or we have not teceived all the infom]ation and expianatiotis require for our audit. RespoDsibi]itieg of trustees As explained rnore }lY in the Statement of trustees. reSnsIbIlItieS (set out on page 5 and 6). the tsustees are responsible for the preparation of the financial ststements and for being satisfied that they give a true and fair view. and for Such internal control the tteeS detennine is nettssary to enabl¢ the preparntion of financial statements that ar¢ free from tnaterial mi&8t8t¢m¢nL whether due to fraud or envr. In preparing the fi[wl41 statements. the trsteeS are Tesponsible for aswing the charity's ability to continue as a going concern, disclosing. &s appli¢able, matters related to going Concern and using the going concern basis of ounting unless the t¢ either intend to liquidate the charity or to cease operdtions. or bave no realisti alternative bul to do so. Auditor responsibilitles for the audh of the flDanclal statements Our objectives ar¢ to obtain reasonable assurance about W1¢r the financial Statem as a wbole are free ftom matetial mi&8tstemenL whethcr due to fraud or emjr, and to issue an auditor's report that in¢ludes our opinion. Reasonable assurdnce is a high level of vrance. but is not a guardntee that an audit conducted in accordance with ISAS (UK) will ahvays detrct a malerial tni&stsknt wh¢n it exists. Misstatements can arffise from fraud or error and are CODsid¢red rnater1 if. individualty or in the aggregate, they could reasonably be expectd to influence the economic decisioDS of tsken on the basis of these financial statements. The extent to which our prw¢dures a capable of det¢ctiDg irregularities. including fraud is detailed belovr. Page 8
Sunny Mount (Knowle) Independent Auditor's Report to the Members of Sunny Mount (Knowle) Irregularities, including fraud are in51seS of llon-compliance with laws and regulations. We design proG¢dures in line with our responsibilitie& outlined above, to detect matrrial misstat¢m¢nts in T¢spect of irregularitie& includitig fraud. the extent to which our procedures are capable of detectiDg irregukntics. including Tra1 is detailed belovr. We obtain and update our ut]derstsnding of the entity. its activiti¢4 its control environmeDL and likely tUre developments. including in relation to the legal and regulatory framework applicabl¢ and how the elltity is omplyiug with that framewo. Based on this understanding, we identify and a&8ess the risks of material mIaternent of the financial st8temellts. whether due fraud or error, design and perforn) audit PredUreS responsiv¢ to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This include5 consideration of the risk of acts by the eDtity that wer¢ contrary to applicable laws and regulatio[4 including fraud. In response to the risk of irregularities and tM)Trcoryliawe with jaws and regulations. includin8 fraud. we d]glled procedure5 which include4t' Enquiry of management around adual and enti& Ittigatlon aThl claims as well as aCtsl suspected and alleged fiyu. R¢vi¢wing minutes of meetings of those charged with governance: Assessing the extent of compliance with th¢ laws and regulations cotis1 to have a dilrrt ll]aterial effect on the fitwcial ststements or the operations of the entity through enquiry aad inspection" Reviewing financial ststement disclosures and tsting to SuPrting docUMtion lo assess COD]pliance with applicable laws and regulations" Performing audit work over the risk of managrnt bias gnd ovetTide of cootrols. including testing of significant journal entries and other adjustments for appropriatene Bccau5e of the inberent linjitations of an audiL there is a Iisk that we will Dot detect all irr¢gularitie& including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk Éncreaw the more that compliance with a law or reation is removed from the events and transactions reflected in the financial statemrnt& as we will iikety to become avAre of instances of non-mplianCe. Tbe risk of not detecting a rnater1 misstalemeni resulting from fra1 is higher than for one resulting from error, as fraud rnay involve cOlhL8io forgery. intortional orni&fions misrwtstions or t override of internai control. Use of oar report This report is made solely to the ckwitabl¢ ¢ompanYs Ite¢% &g a IKrfty. in ac¢ordanc¢ with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertakell so Ibat w¢ might slate to tb¢ charity's ttuste¢s those matters we are required to stst¢ to them in an auditor'5 report and for no other purpose. To the fullest extent permitted by law, we do not accept or allne rryonsibility to anyone other than the charitable company and it5 trustees as a body* for our audlt worl for this rem or f the opinioDs we hav¢ fornie Page 9
Sunny Mount (Knowle) Independent Auditor's Report to the Members of Sunny Mount (KnoTrvle) Mr Richard Spenccr BA FCA (Seoior Statutory Auditor) For and on behalf of Buckler Spen¢er Limited. Ststutory Auditor Old Police Station Church Street Swadlinwte Derbyshire DEI18LN 10 Dgcembet 2025 Page 10
SUDDY Mount (Knowle) Statement of Financial Activitie5 for the Year Ended 31 m¢ 2025 (Including Income and Expenditure Account aJ)d Stfdtement of Total Recognised Gains
nd Losses)
TotAI 2025 funds funds Note Income and Elldovrnients froju: Cljaritable activities Investment income 253.024 51,185 253,024 58,448 7263 Totsl income 304209 7.263 311,472 Expendlture on: Charitable activities (484247) {484,247) Total expenditure Net (expeThditureyincome Net mvem¢nt in futKIs 484.247) (484,247) 180.038) 7.263 172,775) (180.038) 7.263 (172,775) R¢eonefillation of fwids Total brought forward Totsl funits carried fonvard 1283.434 1,103.396 Unrestrlcted fundg 146,595 1.430.029 16 153,858 Restricted funds 1257,254 Total 2024 Note Income and Endojrnents froDL" Donations and legacies cltable activities Invesiment income io 251.786 50,286 io 251,786 56.629 6.343 Total income 302.082 6J43 308.425 Expendlture OD: Charitable activities 381,524 381,524 Totsl expenditUTe Net (apenditureyincome 381524 381.524) 79,442 6.343 (73,099) Net movement in funds (79.442) 6.343 (73.099) Recon¢lli&tioD of fvDds Total funds brought forward 1.362,876 140253 1,503,129 Total fun&8 carried forward 16 1,283,434 146.596 1,430.030 All of the charity's activities derive from continuing operdtions during the alK>ve two periods. The fjmds breakdown for 2024 is shown in note 16. The notes on pages 13 to 22 form an illte part of these fiCla1 statements. Pagell
Sunny Mount (Knowle) (RegistratioD number: 3371270) Balance Sheet as at 31 March 2025 202S 2024 Note Flied assets Tangible assets 12 66,611 63.429 Current a55¢ts tkbtors C&sh bank and in band 13 14 14.514 1,194,379 1,208,893 15.009 lJ66.122 lJ81.131 (14,530 Creditors: AnwuDts f*llkng due wlthln one year 15 (18.250 Net ¢urrent assets 1,190,643 1.366,601 Net 8s8ets 1,257254 1,430.030 Funds of the charity: Restricted Incon funds Restricted fimds 153.858 146,596 Unrestrfcted Income funds UnTestricted funds 1.103J96 1283.434 1,430.030 TotAI funds 16 1.257.254 The fuwicial statuncnts on pages I I to 22 w¢te approved by the tnW. and authorised for issu¢ on 10 December 2025 and signed on their behalf by: Mr D Mattock5 Trustee The notes on pages 13 to 22 form an tntegral PArt of these fil181 statements. Page 12
Sunny Mount (Knowle) Notss to the Financial Statements for the Year Ended 31 March 2025 I Charlty status The charity 1$ limited by guardntee. incorrated in England and wal and wnsequently do¢$ not have share pital. Each of the tnL¥tecs is liable to contribute an amouDt not exceeding £1 towards the &ts of the charity in the evffl)t of liquidation. The address of its regisieTed office is: 48 FenthattL Road Harnpton in Arden Soiihull B92 OAY Tbese financial statements were authori for issue by the tn]stees oj) 10 De¢ember 2025. 2 Aceoundng policies Summary of 8lgnificant accounting policies and key a¢¢ounting estimates The principal accounting policies applied in the preparation of these financial statements arc set out below. These policies bave been consistently applied to all the years Present unless otherwise stated. Statemenl ofeomp]iAn¢e The financial statements have been prepared in accordance with Accounting and RepoTlillg by Charities.. Statement of Reconullended Practice (applieable to chan.ties preparing Ibeir a¢uLtS in accord8Dce with the Financial Reporting Standard applicable in th¢ UK and Republi¢ of Irelatyj (FRS 102)) (issued in October 2019) - (Charities SORP (FRS 102)). the Financial Reporting Stsndard applicable in the UK and Republic of trelaTKI (FRS 102) and the Companies Act 21K)6. Basts of prep)Irallon Sunny Mount (Knowle) It¢ts the defiDition of a public benefft entity under FRS 102. AsTets and liabilities are initially recognised at historical cost or traDsaction value uuless oth¢rwise stated in th¢ r¢l¢vant accounting policy llotes. Colllg concern The trustees consid¢r that there are no Materi uKettainti¢s alM)ut the c1S ability ts) wntinue &5 a going concern nor any Silficant aTAS of uncertaitEty that affed the ry1tig value of assets beld by the clmrity. Exemption from prepariwd ¥ cash flow statement The charity opted to early adopt Bulletin I published on 2 February 2016 and have therefore not included a cash flow statement in these fm8nci81 statements. Inconw ¥Dd endowo*nts All incon]e is recognised once tbe clwity has eOtitlennt to the incon. it 15 probable that the income will be iec¢ived and the amount of the income receivable caD be measured Teliably. Page 13
Sunny Mount (Knowle) Notes to the Financial StstemeDts for the Year EDded 31 March 2025 l)onalions and legaeies Donations aT¢ recognised wben thc dwity has been notified in writitig of both the amouDt and settlement date. In the event that a donatioll is subject to conditions that require a level of perfornjance by the ¢lJarity before the charity is entitled to the fjjnds, the income 18 deferred and not recognised until either those conditions are fully met, or the fulfthnent of those condition5 15 wholly within the Control of tbe chatity and it is Probable that these conditions will be fidfilled in the reporting peri( InvaWAenl incoHte Divid¢Dds are recognised once the dlvidend has been declared 8nd notification has been received of the dividend E4ndItUre All expenditure is recwi8ed once there IS a legal or cott81ve obligation to that exp¢nditure, it is probable settlement is required and the amount Can be D]easured Tejiably. All costs are allocated to the applicable cxpenditure heading that a88regate similar costs to that category. Wbere costs catmot be directly attribufrd to particular headtngs they have been allwated on a b&5is consistent with the use of OurceS, with central staff costs allocated on the b&sis of time spenL and depTKiatioD Charg allocated on the portion of the asset's e. Other SLWrt costs are allocated based on the spread of stsff costs. Charitsbl¢ ¢xp¢nditLre comprises those costs incutred by the charity in the delivery of its activities and services for its beneficiaTies. It includes knth costs that caD be all(ed directly to such activities and those costs of an GOVernce costs These include the costs attributable to th¢ dwity's cornpli8nr¢ with constitutional atid statutory rryuirenKnts, including audil strategic maD8g¢m¢nt and trSteeS meetings and re1rnb expe. Taxation The charity is considered to pass the tests set out in Paragraph I kbedu]e 6 of the Finance Act 2010 and therefore it meets the definition of a charitable cornpany for UK COTwration tsx PUTW)S. Accordingly. the chlty is potentially exempt from laxation in resrKrt of incom¢ or capital InS T1ved within categories covered by Chapter 3 Part l l of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent thal such iocome or gains are applied exclusively to clwitable puryyoses. Tanglble fixed assets Individual f¢d assets r05ting £50.00 or nJ)re are initially rerded at cos( less any subsequent accumulated depreciation and subsequent accumulated lropairnL lo&. Deprecirdtion and auKbrtisatioD Depreciation is provided on tanwl>lc fixed &ets so as to WTit¢ off the cost or Valuatio leks any estinted residual value, over their expeoted ful economic life as follows: Page 14
Sunny Mount (Knowle) Notes to the Financial Statements for the Year Ended 31 March 2025 Depre¢iatlon n*thod and rate Land and buildings Motor vchi¢l¢s 2(Ph on COSL Trade debton Tde debtors are amounts due from customers for services EOrred ill the ordinary course of businw. Trade debtors are reco8Di%d initially at the trartsaction price. A provision for the impaimlent of trade debtors is estsblished when there is objective evidence that the charity will not be able lo collect all ar)Trts due according to the Original tern)s of the receivables. Cash And cash equIVets Cash and cash equivalents wmprise cash on hand and call dep)sits. and other short-temi highly liquid investments thal are readily convert]Iple to & known am(Amt of cash wld are subjeth to an iDsignificaDt risk of Iwige in value. Trade credltors Trade CT¢ditors are obligations to pay for 8Th)ds or services that have been acquired in the ordinary course of busine&8 from suppliers. Accounts payable ar¢ classified as current liabilities if the charity does not have an unconditionaI righL at the end of the rqtitig perio to defer settlcment of the creditor foT at Iwt twelve months after the rertillg dat¢. If th¢ is an UDconditioDal rigbt to defer settlement for at least twelve months after the r¢portillg date, they are preseuted as nonthcurreni liabilities. Trade creditors are reLx)gDised initialty at the transaction price and subsequently me&8ured at amortised cost vsing the effective interest metho Fund strneture Unrestrict¢d income fijnds are general fuods that are available for use at the trustees disctcti( in furtherancc of the objective5 of the charity. Restricted income fillmts are those donaied for we in a particular gr¢8 or for specific pury>ose& th¢ se of which 15 testricted to that area or purp)se. Pensions and other post retirement obllgatlons The chariry operntes a defined contribution pension eMe. wthl)utions are shown as aD expense as and wl they are incurred and paid. FlnaDclal Instruments classifan Fiwncial assets and ftnancial Itabilitie5 are TrcOgDiS when the clwity becoDJCS a paty to the contrnctual provisioDS of the i1CL Financial liabilities and ¢quty instru are clTfied a¢¢orditig to the substance of the contwtual arrangements entered into. Page 15
Sunny Mount (Knowle) otes to tbe Financial Statements for the Year Ended 31 March 2025 Recognition 4nd measMrenwTrl All fllwicial &s5ets and liabilities at¢ iniiially Dje&8 at transactton price (Inch]8 transaction costs). except for those financial assets classified as at fair value througb profit or lo which are initially nwured ai fair Value (wthich is nOMllY the transaction price excluding transaction costs). unless the arrongement ConStit¢S a financing transaction. If an arrangement constitutes a financing transactio the financial or financial liability is ItSu[ed at the present V81ue of the firture payments disryymted at a market rnte of interest for similar debi iDstrumenL Financial assets and liabiliti¢s are only offset tn the statem¢nt of Onancial p)sition whety and only when thuc exists a legally enforceable right to set off the recognised arnounts and the ¢Plty intends either to settle on a net basi& or to realise tbe wet and settle the liability simultatteously. FiELancial assets are derecognised when and only when a) the ca)ntractual rigbts to the flows from the financial asset expire or are settle4 b) the chatity transfer5 to anoiher party substatLtially all of the risks and rewards of owneTship of the financial asseL or c) the cbatity. despite having retaiDed some. but not alL significant risks and rewards of Ownersbi h&$ trat]sfcrred control of the &wt to another paty. Financial liabilities are dereCOgni only when the obligation specified in the wntract is discharge4 cancelled OT expires. Fr value The best evidence of fair value is a quoted PTice for an Identi asset in an active madceL When quoted prices are unavailable. the price of a recent transaction for an identical assd provides evidence of fair value as lon8 as there has not been a significant cbang¢ in economic cIrcumceS or a significant lapse of time since the transaction took pia¢¢. If the llwket is not artive and recent tTansactions of an identical asset on their owm are not a go estimate of fair value, the fair value is estimated by using a valuation technique. 3 Income from charltable activltles UDre5tricted funds GeDer Totydl 2025 Provision of care and accomothon 253,024 253.024 Unrnstrirt¢d funds General Totsl 2024 Provision of ¢ar¢ and a¢¢omodation 251,786 251.786 4 Investment income funds General Restrlcted nd8 Total 2025 Interest receivable and similar income. Interest receivable oo bank deposits 51.185 7.263 58.448 51,185 7,263 58.448 Page 16
Sunny Mount IKnowle) Notes to the Finanelal Statements for the Year Ended 31 March 2025 fuDds Ceneral Restricted funds Total 2024 tnter¢st receivable aThl stmilar income. Interest receivabl¢ on bank deposits 50.286 6,343 56.629 50.286 6.343 56,629 5 Ewnditsre ch2ritsble atthld uJeStrICtea funds General Totsl 2025 Note Provision of care and accom(MJatioD Staff ¢osts Governance costs 121.759 359.488 121.759 359.488 3.0(M) 484.247 484,247 UDre5tri¢ted funds General Total 2024 Provision of care and acc4)modatiOD Staff costs Govenwice costs 89,107 277.111 15.306 89,107 277,111 15,306 381.524 381.524 Aetlvlty IIDdertakeu 2025 Provision of car¢ and wxomodation 481247 Aetlvfity undertaken 481,247 2024 Provision of care and accomodation 366.218 366,218 Page 17
Sunny Mount (Knowle) Notes to the Finaneial Statements for the Y&gr Ended 31 March 2025 £450.281 (2024 - £366.218) of the aly)ve exprnditure was atiributabk to unrestricta fuDds and £Nil (2024 - £Nil) to restricted nds. In addition to the extaiture analysed above, there are also 8overnanc¢ c08ts of £3.1M)0 (2024- £15,306) which relate directly to cbaritsble activities. See Dote 6 for fiuther drtails. 6 Anlysis of gOvern¢e xnd support costs Covernan¢e ujsts Unrestrleted fuDds General Totsl funds Audit fres Audit of the financial stst¢ments Legal fe¢s 2,400 600 Tot1 for 2025 3,000 Totsl for 2024 15.306 15,306 7 Net ID¢omingloutgolDg resourtt5 Net outgoing resources for the year include: 2025 2024 Audit fees Depreciation of fixed assets 2.400 6.634 4.538 8 Trustees remunerotioD and expeAS No Irustees, nor any persons CODnected with have teceiv1 any remun¢ration from the cljarity during the No tTUStees have received any reimbur*l eXpe[L or any other befits from th¢ clwity Ibjring the y¢ar. Page 18
Sunny Mount (Knowle) Notes to the Finnclal Statements for the Year Ended 31 March 2025 9 Staff costs The aggregate payroll costs were &8 follows: 2025 2024 Stsff ¢osts during Ib¢ yer were: Wages and salaries Social security costs Pension costs Other staff costs 324.729 22,120 6.047 6,592 254,468 16,917 5,726 359.488 277,111 The monthly average uutnber of persons (inchmjing senior njanageml I Icadersbip team) en]ployed by the clwity during the year expressed a5 full time equival¢Dts w&s as follo 2025 No 2024 Carc staff Administration No etnployee received C1UMents of more than £60.(KK) thring the year. 10 Audltors, r¢mllneratlon 2025 2024 Audit of the financial siaternents 2,400 11 TaIation The clwity is a registered charity and is therefore exempt from ttiO Page 19
SunDy Mount (Knowle) Notes to the Financial Statements for the Year Ended 31 March 2025 12 TnThIe flxed as%ts Ind gnd bulldiDgs Motor vehlcles Total At l April 2024 At 31 March 2025 27,680 124,589 96,909 27,680 124,589 Depreclation At l April 2024 Charge for t yr 38.760 1.938 14.680 53,440 4.538 At 31 March 2025 40.698 17.280 57.978 Net book value At 31 March 2025 56211 10.400 66,611 At 31 March 2024 58,149 13,000 71.149 13 Debtors 2025 2024 Trdde debtots Prepaynents Other debtors 322 8,092 6,11)0 6,573 8.136 300 14,514 15,009 14 Cash 2nd eash equlv21eDts 2025 2024 Cash on hand Cash at bank Short-term deposits 274 121.954 1.072,151 61 152.357 1213.704 1,194.379 1,366.122 Page 20
Sunny Mount (Knowle) Notes to the Financial Ststements for the Year Ended 31 March 2025 IS Credltors: anM)unts falling due Tvitbin (bne year 2025 2024 Trade creditor5 Other creditors 9,153 1,297 7.800 5.567 1,163 7.81X) 18,250 14,530 16 Fun Balance fdt I April 2024 IRcomiDg resources Resourtts Balance St 31 March 2025 Unrestrlcted funds Genernl 1283,434 304209 (484247) 1,103.396 Restrlcted funds 146,595 7263 153,858 Total fund8 1,430.029 311.472 (48424 1,257.254 Balallce at I Aprll 2023 Incoming Resources eellded BAlallce 4t 31 MArch 2024 Ullrestricled funds General lJ62.876 302,082 {381,524) 1283,434 Restricted funds 140253 6.343 146.596 Totsl funds 1.503,I29 381.524 1430.030 The specific purposes for which the fimds are to iK applied are as follows: Paddock View Fund This comprises rnOD¢y Taised for the construction of a new building for the care of r¢sidents with seyere learnin8 disabilities. Welfar¢ Fund Thig fimd is ed to receive donations to pmvide itenk8 for the welfare of the residents such as trips and equipmenL Page21
Sunny Mount (Knowle) Notes to the Flnancial Statements for the Year Ended 31 Marcb 2025 17 Analysis ofnet assets between lld$ Total funds at 31 March 2025 nds General Restrlcted Tangible fixed ats Current assets Cumt liabilities 66.611 1,055.035 (18250) 66.611 1208.893 18250) 1257.254 153.858 Total net assets 1,103.396 153,858 Unrestricted nds General Total funds at 31 March 2024 funds Tangible fixed 88sets Current ass¢ts Current liabilities 63.429 1.234,535 14,530) 63.429 1.381.131 (14.530) 146.596 Total n¢t &8sets 1283.434 146.596 1.430.030 18 Analysis of net tsnd$ AtIApr 2024 nancing cash At 31 March flow8 2025 Cash at bank and in hand 1.366.122 171.743 1,194,379 Net debt 1.366.122 At l Aprfl 2023 (171,743 1.194,379 Finring cash At 31 March flojvs 2024 Cash at bank and tll Iwid 1,424.959 58,837 1,366.122 Net debt 58.83 1366,122