2023-06-30-accounts - The Sunrise (Sidmouth) Charitable Trust

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

				Page
Legal and	administrative		information
Trustees'	report			2-5
Independent auditor's		report		6-8
Statement	offinancial	activities
Statement	offinancial		position	10
Statement	ofcash flows
Notes to the accounts				12-19
Investment	schedule			20-27

Trustees			Mrs M R Bould	Mrs M R Bould
			Rathbones	Trust Company		Limited
Charity	number		1063278
Registered		office Iaddress for appeals	The Administrator
			Rathbones	Trust Company		Limited
			8 Finsbury	Circus
			London
			EC2M 7AZ
Auditor			Perrys Audit Limited
			Churchdown	Chambers
			Bordyke
			Tonbridge
			Kent
			TN9 1NR
Solicitors			Penningtons	Manches	Cooper LLP
			125Wood Street
			London
			EC2V 7AW
Investment		advisers	Rathbones	Investment	Management		Ltd
			8 Finsbury	Circus
			EC2M 7AZ

				2023	2022
			Notes	8	8
Income
Further funds added to the trust				616,543	840,087
Investment income				94,911	79,292
Total income				711,454	919,379
Expenditure
Raising funds				14,884	15,711
Charitable activities				367,336	342,840
Total resources	expended			382,220	358,551
Net income before investment		(losses) Igains		344,118	576,539
Net (loss) Igain	on investments		12	59,041	(598,880)
Net movement	in funds			388,275	(38,052)
Fund balances	at 1 July 2022			4,254,154	4,292,206
Fund balances	at 30June 2023			4,642,429	4,254,154

			2023		2022
		Notes	f		f
Fixed assets
Investments		13		4,610,775		4,232,244
Current assets
Debtors		14	4,190
Cash at bank and in	hand		50,649		41,329
			54,839		41,329
Creditors: amounts	falling due within	15
one year			(23,185)		(19,419)
Net current assets				31,654		21,910
Total assets less current liabilities				4,642,429		4,254,154
Income funds
Unrestricted funds				4,642,429		4,254,154
				4,642,429		4,254,154

					2023		2022
				Notes			F
Cash flows from operating		activities
Cash generated from operations				18		238,089		481,894
Investing	activities
Purchase	of investments				(1,253,154)		(2,459,446)
Proceeds	on disposal of investments				972,123		1,945,012
Dividends	and interest received from investments				90,721		81,000
Net cash	used in investing	activities				(190,310)		(433,434)
Net increase in cash and cash equivalents						47,779		48,460
Cash and	cash equivalents	at beginning	ofyear			70,510		22,050
Cash and	cash equivalents	at end of	year	20		118,289		70,510

		Unrestricted	Unrestricted
		funds	funds
		2023	2022
		f
Donations		616,543	840,087
Investment	income
		2023	2022
		6	8
UK dividend	income	67,938	56,703
Foreign fixed	interest	3,807	3,295
Unit trust interest		9,064	4,720
Foreign income		12,777	14,469
Bank interest		1,325	105
		94,911	79,292

						Unrestricted	Unrestricted
						funds	funds
						2023	2022
						6	F
	Rathbones	investment		management	fees	14,884	15,711
						14,884	15,711
6	Charitable	activities
						2023	2022
						6	6
	Grant funding		ofactivities (see note		7)	348,000	327,000
	Share ofgovernance			costs (see note 8)		19,336	15,840
						367,336	342,840
7	Grants payable
						2023	2022
							6
	Children					2,000	2,000
	Religious					38,000	21,000
	Disabled					5,000
	General					13,000	9,000
	Armed Forces					239,000	240,000
	Animals					7,000	7,000
	Welfare					10,000	10,000
	Hospices					5,000	5,000
	Medical					20,000	25,000
	Seafarers					8,000	8,000
	Education					1,000
						348,000	327,000

Net (loss	es) / gains on investments
		Unrestricted	Unrestricted
		funds	funds
		2023	2022
		6	8
Unrealised	(loss) / gain	116,495	(525,071)
Realised	(loss) / gain	(57,454)	(73,809)
		59,041	(598,880)

Fixed	asset invest	ments
			Listed	Cash in	Total
			investments	portfolio
			6	6
Cost	or valuation
At 30	June 2022		4,203,063	29,181	4,232,244
Additions			1,253,154		1,253,154
Unrealised (loss)			116,496		116,496
Realised (loss)			(57,455)		(57,455)
Cash	in investment	portfolio		38,459	38,459
Disposals			(972,123)		(972,123)
At 30	June 2023		4,543,135	67,640	4,610,775

	Investments repr	esenting more than 5%o	fth	os total mark	et value (exclu	ding cash):	ding cash):
	Investment			Units	Market Value	%ofTotal
						Market	Value
	Allianz Technology Fidelity Investment	Trust PLC Ordinary 2.5p shares Services Ltd Global Dividend W Inc		91,000 110,000	238,420 243,650	5.27% 5.38%
	Premier Porffolio Managers US Opportunities		BAcc	68,000	254,728	5.63%
						2023 F	2022f
	Listed investments				4,543,135		4,203,063
	Cash in investment	portfolio			67,640		29,181
					4,610,775		4,232,244
	Historic cost ofinvestments				3,995,238		3,824,114
14	Debtors
						2023	2022
	Amounts falling	due within one year:				6	F
	Other debtors					1,947
	Prepayments and	accrued income				2,243
						4,190
15	Creditors: amounts falling due within one		year
						2023f	2022 6
	Accruals and prepayments					23,185	19,419

	charity receives appropriate and cost ef	fective investme	fective investme	nt management services.	nt management services.
	The fees paid to Rathbones Investment	Management		Ltd totalled f14,884 for the year.
	The fees paid to Rathbones Trust Company		Ltd totalled 515,120for the year.
18	Cash generated from operations
					2023	2022
						F
	Surplus/(deficit) for the year				388,275	(38,052)
	Adjustments for:
	Investment income recognised in statement		offinancial	activities	(94,911)	(79,292)
	Realised loss / (gain) on disposal ofinvestments				57,454	73,809
	Unrealised loss / (gain) ofinvestments				(116,495)	525,071
	Movements in working capital:
	Increase in creditors				3,766	358
	Cash generated from operations				238,089	481,894

19	Analysis ofchanges in net funds
	The trust had no material debt during the year.
20	Cash and cash equivalents

20	Cash and cash equivalen	ts
				2023	2022
				F	F
	Cash at bank and in hand			50,649	41,329
	Cash in investment porffolio			67,640	29,181
				118,289	70,510
21	Donations made during	the year
				2023	2022
					6
	ABF - I t. Colonel Wood Fund			100,000	100,000
	Alzheimer's Society			2,000	2,000
	Blind Veterans UK			2,000	2,000
	Brainwave Centre Limited			2,000	2,000
	Burma Star Association			5,000	5,000
	Canine Partners for Independence			3,000	3,000
	CHICKS - Country Holidays		for Inner City Kids		2,000
	Children's Hospice South	West		5,000	5,000
	Cinnamon Trust			2,000	2,000
	Combat Stress			4,000	4,000
	Cystic Fibrosis Trust			3,000	3,000
	Deaf Blind UK			2,000	2,000
	Devon Air Ambulance			5,000	5,000
	Devon Historic Churches	Trust
	Dogs For Good			2,000	2,000
	Fishermen's Mission			2,000	2,000
	Go Beyond			2,000
	Gurkha Welfare Trust			2,000	2,000
	Hearing Dogs for Deaf People			2,000	2,000
	Huntington's Disease Association			3,000	3,000
	Livability			2,000	2,000
	Mercy Ships UK			3,000	3,000
	Mission Aviation Fellowship		UK	2,000	2,000
	Mission Seafarers			3,000	3,000
	Muscular Dystrophy UK			3,000	3,000
	Parkinson's UK			2,000	2,000
	Queen Alexandra Hospital			3,000	3,000
	Red Cross Pakistan Floods			2,000
	Red Cross Ukraine Appeal				10,000
	Sidmouth Lifeboat			3,000	3,000
	Sidmouth Living with Cancer			2,000	2,000
	Sidmouth Parish Church			22,000	5,000
	Sidmouth Science Festival			1,000
	StLawrence Church Thorpe			9,000	9,000
	StJohn Ambulance				3,000
	St Peter's Church, Famdon			3,000
	St Petrocks (Exeter) Limited			4,000	4,000


21	Donations	made dudng the	year		(Continued)
	STOLL			100,000	100,000
	The Camphill Village Trust			2,000	2,000
	The Royal	Artillery Chadtable	Fund	4,000	3,000
	The Royal	British Legion		4,000	4,000
	The Royal	Regiment of Fusiliers Aid Society		2,000	2,000
	The Royal	Star &Garter Homes		2,000	2,000
	The Salvation Army			20,000	10,000
	The Woodland Trust			2,000	2,000
				348,000	327,000

			dl E000				CI		O			CA CA						CO $	N Ol N			IA ID	CA CA Al
			N
			fd0
			d0
			0 )0	NO N dlC															CO IA IA CI				O CI CO CI N
			ld	'1 O
			Cn	Cd o								OQO ID'd			CCl CI O				O CI CO Cd				CI CO N
				dl
			0 Z	0
				O
				Cd
			dd	N											IA Cd								ON
			dl dl	N 0																			N
			id
			dl
			E	0
				0
				dl
				N
			ld
				0
				IL
				N ld
				Cd
				dlV0
			N	0.
			0 CL N0				CI CA CA
				00
I-																		0
thD																		CD N N	CA O
I- LU			N00	N00
Cl cf.			'0 ~(	00								CIO CI			CCI CI CI			O O O IA	O O O
				Id0
c(X O Zl-D0Z9 tO LU Ifl z Lo LUzI-	CI z o on LU z	PlO LLI O a a & 0: LLI LLI P	00NN dl O ) N 0 ld I AlNO 0 0		IL N A 0 m 0 .0 IL	O O 0.0!0 0I! .E LE O N td0 td td N dl IL	C! CI Q 0 O	O. ld O. dlOl E00! O O NCO ID 0. 0 0 OE ~ L O 0 0	Cd Ol CA	0 0 dlO dlC dl dd	rd 0 Na 0 'O 0		tdOl0 0 IdX	0. ID0 rN N C C IO r IA		N td h	Id CI O dl IL			O CL N C dl O td E 0! 0 0.	dl dl td a IA 0	Cd AI Al CO CI CI CI N

			Cl 2								CO N									ID I N	IA N IO			o 0	Ot ct
			0 0		W
			N
			N0
			Q
			ID	CC N										Ot CD			ID CD				IU I				N Ct
				N										IA Cl							N				Ol'0
				ClC
				0
			ID	N 0 N										IA			Clo0				ID CDo CD
				Cl
			0	0
				CD
			'0 O N	N Ul 0										IOo IN							CD IO Cl				IA
			m	g	W
											Ol
				fll							CO
			N	0							CD N
			CI
			IC	0
											CC
											IA
				N 'D							CD
				Cl
					W
				0
			III	IL
			CI
			Itl0O. N					Cl Cl C			Cl Ol
			Cl					Cl			CD
				0							Ol
				Ul
				Q
I- ND														00! CC Ut
ILI-				IC o
LU			N00
			'0
IZI														0
														Ut
				C
ILc(xO ZI-D0 O N LUN (YzD N LUXI-	Z0 z )	PlO 4l O 0 4l CI 4l Q4.	Cl ) IU tl0 E 1D OZ	Q N CC O CU NN 0 N	W	D 0 ND m IC 0 N Iu p0E0	tuZ 0 0 Z 00 0 Cl tu N DD	Ct C CV IA IO Ct CD CD 0	Ul0 Ol tll N 0 0	N 0 IO0 Ul Cl IA	Ct Ut N CD I Ot ID Ot	0 Il! ut 0	Cl O. Cl(9 X'0 C ml0 0 Ul Cl CO		ID00 CO0 D0	X m0	N Ot o Cl CD	Ut C ut tD 2 0	U0 ID Ul O Cl E tllO. M 2E 0	Cl Cl Ct CD		E N0 0 Cl IA Clt N!	Ct 0. IQ Ct «I0. 1DCI! D CI Cl E OZ	N Cl CD 8

			E00				CO CO IO	Cl CO CO			IO Ol Ol N	I CV			N	CVO	C			0 CO N CV	0 lo ID
			NN0
			Q
			III )0	CO Cl0 N al				CI Cl				Ol OlN					N CO CO N0				Cl CO 'll CO
			al	O
			CO	Ol 0 Cl				C tO CI Ol CO				Co Cl CO					oo ID				CI0 CN
			0Z	la0 o
				ca
																					CO
			D 0 .Ia	N al 0													al				Cl CO
			la0	0
			Z
				Nal
			la
			la
			~I	0Ic
				N'0
				taal00
			al	0.
			al
			N0
			CL
			N
			l5
				0
				la
				Q
I- IIID															CO CV	N0
I-			la	N00
LU			0
93			l7'0 0,'
~C				0
				la
				0
cCT0 TI- 02 Q Co UJIo LLXD CO LUTI-	0 V UJ z	PlO LU O 0 0 4I P	CV al 0 O) N la alK CV N Ol0 IO0Z		al al '0 0 CN ca d	N O0. IO0 O. 0. CO Ol 0 al ta 0 8	Dl N Cl IO CI CO CO Ol CO		ta 0 2 ta 0 N 0 0 0	N0 al COO CO ta E o c O' C 0 t: al ta C0	0 0 0		N al 0 al 0 LL Ol 0 0 ta	E 00 N o itl In al'o ta M	N CI N Cl CI Cl			0 Cl 0 0 al	ION 0 O. IOI O0 2 ta 0	CO CO IO CD CO COo

			Dl E				O	IID IA			IA O	IQ IQ	I IO						O IO IO	O IO			IA
			80
			0
			N00
																N
			Dl	N				OlN					N			N
			0	tv				IOO								IAI11
				Dl
			Dl	C
			I. 0	O
			IO 0 0Z	N 0 N C DI 0				IOO					CIOO DO			CIO CI N				CI Cl CI N				Cl Cf CI t
			0 ID	N 0									O NN			C Ol tQ				CI Ql CD
			00	0
				ID
			N	N 0 K
			Dl	0
				O.
				DI'0
				Dl
				DI00
			fD
			ID
			N00 Dl l5	)															OOO
				L
				DI
				0
I- U)D											IA O	IQ IQ	I IO
fLI- LLI			000	Ifl00
IQ			D'0 ~C	)
C~(				0
				Dl
fL				0
ZV ZI-D0 9 M	UJ D 0	O LU o 0	00N 0 O) IV 0 ID I N CD 0 N N 000:			ID 0C '0 Ol	tO IQ Ol OI C O ON			0 tO 0	IO IIO N CI CI O IQ					N IO CI IQ CI Cl N			ON N CIOO				IO O Ct IA CD ID
UJ V) zD V) IllZI-	o z UJ z	UI O			'0 ILc0 L N	'0 IL0 11 Dl tD0 Df 0 H			N O tD ID ttl 0 O. tD E O.	0 0 IA O 5 0 E O.				Dl Df L 0 L	00 IO N0 O. 0 ID Cl08		Q. E 00 L Dl L Dl0 ID 110 tl IO	CI Cf O. OI0 0			2 Dl CD ID Ol 0 N O IA	O.0 '0 0

			0 E00				N tO	O tO IO							0 0	Ul IO
			I/I
			N0
			4U 4I )0	tON0 N				Cl Ol IO				0 IO tO N				4 00							I0\ CI0 Ol
				4I
			0	C
			l4	I O
			0	0 IV				00 N N				CCI IO				CI0 CI /O			C ID CI Ol				0 I
				4/
			0 Z	0
				C
			'0	N
			III
			4/
			Z
			N	NN 0
			~I	0
				4l00
			I/I Il	IL
			I/I0a
			I/I
			Cl
				Cl
				0
I- V)																						0 ID	tO IO
																						IO	IO 41
I- UJ tQ			N00 1l'0 ~4	N04! 0tl															Cl CI ID I Dl			0 0 0 O IO	0 0 0 N
E				0
cCZV ZI-D0 9 M LU zD CO LLIxI-	0 2 LU& Z	C& 444 Cb 0 LLI o 4	0 0 ) Cl !42 0 C '0 0Z	N 41 0 N ON Ol	I- C! 0 IO	N 00 'Cl 4l:0 CI IO Q IO	I IO 44 00 N N		0 0.0 Ul U. UJ Q Ol CU Ul IO	IO IL 0 0 IO 0. 45 0!	ID IO 0 CID		Cl N O 4l0! '0 S 0 ITI IU I-	tn 0 U. OlG 0 E0 O 4! 0 8 ID 10 O /4 IU	Ul 44 C tD0 tO		0 C g 0 0 CU E0 CCI /E	CI00 Q 4U N0 N 0 /4 IUghN 0		0 LIl E Cl 0 IU E O 'tl Ol02 '0 4/ 'C	t//CI Il Cl ID Cl Q (3 O Dl ID CI O ul IU 4U 13 0

								CI								CI
			~I
			E													Ol
			8													DI
					0!
			Nll00
															IO
			~I N 0	Dl 0 IV0 t							IO IO				CI CI Oi
			e!	O
											0
											CI				IO
			OI	Dl 0 DI											IA
			Cl 0 I	0 0 0	Al
																IA
			0	ID												IAI
																IO
			0	0
																IA
				N
			N	N 0												IIA
			ID 0	0
				IL
								CI								IA
				N				ID IO								CI IA
				0 00 0				CI								CI
			N0
			N0IL
			ID0
				0
				00
I-																ID
MD																CI ID NI
ILI-				0 O	41
LU			IDC.0
R			Xl
				00
IY				Q
cCZ0		Pl CS	ID	Dl O Dl				CI IA			ID AI ID					Ol IO CI CI Dl
I-			0 0I
0 Ci 40 LU Lo zD LUxI-	n zo M z K 8 LLi~ Z	Ch0)a a kl I o	01 0 '0 OZ	Dl 'N Dl 0		0 O. N '0 C0 IL 0	III0. CI O Ol L 0 IA C	Al	N0 'L 00 IA D!0 ID0 E00 N	0 N	CI0!	00. N 0 N0 Dl IDT0	IA Al0! 0. IOG C'00	CI IA AI		J I-0