| Reports | ||||
|---|---|---|---|---|
| Reference | and administrative | details | 1 | |
| Chairman's | statement | |||
| Tnlstees' | report | |||
| Statement | oftrustees' | responsibilities | 16 | |
| Independent auditor's |
report | f8 | ||
| Accounts | ||||
| Statement | offlnanda | I acavtties | 23 | |
| Balanos sheet | 24 | |||
| Statement | ofcash flows | |||
| Principal accounting | policies | |||
| Notes to the financial | statements | 31 |
| Trustees | Rephen Allan |
(Chairman) | |||||
|---|---|---|---|---|---|---|---|
| Daniel Coleman | |||||||
| Nicholas Davis |
(resigned | Sept 2020) | |||||
| David Joseph CBE(resigned | Dec 2020) | ||||||
| Divyesh Popat | (appointed | Nav 2020) | |||||
| Justin Randall | FCA (Treasurer) | ||||||
| Jane Sharps (appointed | Msy | 2020) | |||||
| Principal office | 4th Floor | ||||||
| Berkeley House | |||||||
| 304 Regents Park Road | |||||||
| Lordon | |||||||
| N3 2JY | |||||||
| Charity | registration | number | 1102529 | ||||
| Co | ra pany | registration | number | 04860607 | |||
| Webslte | www. ra sofsunshine. o | .uk | |||||
| Auditor | Buzzacott LLP | ||||||
| 130wood Street | |||||||
| Landon | |||||||
| EC2V 6DL | |||||||
| Bankers | Barclays Bank | pic | |||||
| 27Soho Square | |||||||
| Landon | |||||||
| W1D 3QR | |||||||
| Mishcon de Reya LLP | |||||||
| Atncs House | |||||||
| 70Kingsway | |||||||
| Lordon | |||||||
| WC2B 6AH |
| 2020 | 2020 | 2020 | 2019 | 2010 | 2019 | ||||
|---|---|---|---|---|---|---|---|---|---|
| Vnreslracted | Restricted | Toml | unrexldctad | Realrl clad | Torsi | ||||
| funds | funds | funds | lurda | funda | funds | ||||
| Notes | 6 | 5 | 6 | 2 | |||||
| Income from: | |||||||||
| Ocna6ona and | lessclea | 002~ | 1,003r432 | 2,105,251 | 102,330 | 2,207,500 | |||
| Gifts In kind | 206274 | 208274 | 1,348,852 | 1,348,852 | |||||
| Oln sr badico ac0waas | 93,139 | 93,139 | Ivt24,809 | 7,900 | 1,432.709 | ||||
| Invsabnenta | 103aa | 10,053 | 14,071 | 14,071 | |||||
| Orner income | 110,973 | ff8973 | |||||||
| Total Income | 1,300,021 | f203I00 | fr400,471 | 4.883,573 | 110,238 | 5,093.311 | |||
| Expera0arre Orr: |
|||||||||
| Rainns funda | 4 | 520PN | Bsg300 | 978,501 | 884 | 070,30$ | |||
| Cnaraabla acffvaaa |
5 | 1.035,420 | f.f38700 | 3,301,204 | 121,407 | 3,512,071 | |||
| Total expendffure | 1.5022aT | !HI%8 | 1.050.155 | 4.369,785 | 122,201 | 4,492,056 | |||
| Net (sxpsndffurel | Income Before | ||||||||
| transfsm | (193.206l | 34,522 | (150.084) | 613,900 | (12.053) | 001,855 | |||
| Tmnsfar between funda | |||||||||
| Net mavement | in | funda | 7 | (19$,200( | 24~ | (108,084) | 013,900 | (12,053l | 001,055 |
| Reoonaffisff on | of | funds | |||||||
| Fund bafsrxxw | brou9bt forward | 3,640~ | 77+5 | 3,718,141 | 3.028,654 | 89,022 | 3,110.286 | ||
| Fund balsams | oarrlsd forward | ava47200 | f024ffat | 3.04g4$7 | 3,840,572 | 77,500 | 3,710,141 |
| 2019 | 2019 | |||||
|---|---|---|---|---|---|---|
| 6 | ||||||
| Fixed assets | ||||||
| Tangible assai» | 35,697 | |||||
| Investments | 1D | 1 | ||||
| 54,D37 | ||||||
| Current assets | ||||||
| Debtors | 11 | 196rt04 | 803,571 | |||
| Cash at bank and | in hand | 3,223,384 | 3,481,535 | |||
| Shonle depot |
I» | 775,190 | 770,132 | |||
| 4,194,929 | 4,855,238 | |||||
| Uabi 9 lies | ||||||
| Creditors: amaunts | feglng due | |||||
| within ane year | 12 | (681,159) | (1,191,134) | |||
| Net current assets | 3,513,769 | 3,664,104 | ||||
| Total net assets | 3.549.457 | 3,718,141 | ||||
| Income funds | ||||||
| Resldaled funds |
14 | 102,091 | 77,569 | |||
| Unrestricted funds |
3,447,368 | 3,640,572 | ||||
| 15 | 3,549,457 | 3,718,141 |
| 2019 | ||||||
|---|---|---|---|---|---|---|
| Notes | ||||||
| Cash flows from operating | activities: | |||||
| Net cash | (used in) provided | by cpsraBng ectiviliss | A | (2SS,993) | 570,193 | |
| Cash 0owe frmn Investing | activities: | |||||
| purchase | ofIsngible 4xed assets | (7,813) | (58,141) | |||
| Interest received | 10,853 | 14,671 | ||||
| Net cash | generated fmin (used by) investing |
activities | 2,840 | (43,470) | ||
| Net (decrease) increase in | cash and cash equivalents | (2S3,143) | 526,T23 | |||
| Cash snd | cash equivalents | at 1January | 4,251,607 | 3,724.944 | ||
| Cash snd | cash equivalents | at 31 December | 8 | 3,998,524 | 4,251,867 |
| A | Reconcgistion of | net movement | net movement | ln | funds to net cash provided | by operating | |
|---|---|---|---|---|---|---|---|
| activiTies | |||||||
| 2D2D | 2019 | ||||||
| Net rnovemsnt in funds |
(168,884) | 601,855 | |||||
| Depreciation charge |
26,162 | 19,135 | |||||
| Invsslment income |
(10,653) | (14,671) | |||||
| Decrease (increase) | In debtors | 407,187 | (68,174) | ||||
| (Decmsse) increase | In creditors | (509,975) | 30,048 | ||||
| Nst cash (used in) provided | by opersling | sciivilies | (255,903) | 570,193 |
| Anal | ysis ofchanges In net debt |
|||
|---|---|---|---|---|
| 2019 | Cash Bows | 2020 | ||
| 2 | 8 | |||
| Cash | at bank and in hand | 3,481,535 | (258,171) | 3223,$84 |
| Short | term deposits | 770,132 | 5,028 | 775,189 |
| 4,251,667 | (253,143) | 3,998,524 |
| 1 | Donations | and legacies | |||||
|---|---|---|---|---|---|---|---|
| Un~ | Rest doted | llnrestricted | Resin cted | ||||
| funds | funds | Total funds | funds | funds | Total funds | ||
| 2020 | 2020 | 2020 | 2019 | 2019 | 2919 | ||
| 4 | 2 | 2 | 2 | ||||
| D unct lans | 082,502 | f202t50 | 1.003.432 | 2.195,251 | 102,338 | 2,297,589 | |
| ss2,502 | tsfkass | 1,0D3,432 | 2,195,251 | 102,338 | 2,297,589 |
| Donation | s | in kind | ||
|---|---|---|---|---|
| Unrestricted | Unrestricted | |||
| funds | funds | |||
| 2020 | 2ttt9 | |||
| Rent snd | related ol5os ousia | 45,151 | 195.227 | |
| Wishes | 87,714 | 1,913,953 | ||
| Advsrtisino | S1,944 | 5~2 | ||
| Computer | serv ious | 28,323 | 88,507 | |
| Events | 39,132 | 34,855 | ||
| Governance | costs | 4,010 | 7,995 | |
| 2afk274 | 1.345.552 |
| Unnmlrlcted | Re~ | Tetsl | Un | iristed | Reeurnted | Tots l | ||
|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | funds | funds | |||
| 2020 | 2020 | 2020 | 2019 | 2D19 | 2019 | |||
| 4 | 2 | |||||||
| Evenls | 54440 | 534ts | 1,347,551 | 79M | 1$55451 | |||
| Cummunuy | fundrseina | 0.94D | ttsal | 55.559 | 5580 | |||
| Curer lrsdinD sctvaies | 34,753 | sft753 | 11,095 | 1tfaa | ||||
| 931st | 1424,09Q | 79M | 1432710 |
| Vsrastlfiatad | Rsstlfctsd | Total | Vnrsslrictsd | Rssuiasd | |||
|---|---|---|---|---|---|---|---|
| funds | funda | funda | funds | funds | Trust funds | ||
| 2020 | 2020 | 2020 | 2019 | 2019 | 2019 | ||
| 6 | 8 | 2 | 2 | ||||
| Event and fundralstn0 | |||||||
| coals | |||||||
| Staging fundraislng | |||||||
| svssls | t42@IS | 112,003 | 430,358 | 430,350 | |||
| Advertising | 52,793 | 02.783 | 115,979 | 115,979 | |||
| Slasuosls | 313,709 | 313,700 | 369,234 | 390,110 | |||
| Other lundraistng | costs | 9,918 | 9.918 | e,sf1 | 6,571 | ||
| 4teL573 | 942,440 | 064 | 943,324 | ||||
| Support coals | 27,020 | 38,081 | 38,061 |
| Charitable activit |
ies | |||||
|---|---|---|---|---|---|---|
| VnrsstrieM | Rust riotsd | TOtal | Vnrssldctsd | Rsstrldsd | Total | |
| funds | funds | funds | funds | funds | funds | |
| fitu» | 2820 | 2020 | 2019 | 2019 | 2010 | |
| 8 | 8 | 6 | 2 | |||
| Slasuosls | 4227t65 | 4227t% | 553,020 | 553,620 | ||
| Ospruclsllon | 28,102 | 20,162 | 19,135 | 19,135 | ||
| vvishas | 229.1ET | 95,32$3IIVN5 | 2.311,509 | 121.407 | 27I32,998 | |
| Olh sr olfios busts | Sgtr665 | Sgtr6% | 322,500 | 322,560 | ||
| 971PS | 90,32$ | IJI57,827 | 3,307,132 | 121,407 | 3,428,5SS | |
| S up pun costs | 64JI29 1JISBI428 |
Sttt29 98,3251,132758 |
84,132 3,301,284 |
121,407 | 84,132 3,512,671 |
| 2D2D | 2019 | ||
|---|---|---|---|
| Staff cr»ts | Bgr425 | 95,791 | |
| Govern an os costs: |
|||
| .Audil fees | 14.52D | 15,SS4 | |
| .Accountancy | 4,MO | 6,120 | |
| .Legal and professional | fess | 4,D1D | 2,4SS |
| 92,785 | 120,193 |
| unrestricted | unrestricted | funds | ||
|---|---|---|---|---|
| 2020f | 2019f | |||
| Staff costs | (nota 8) | 506,049 | 1.139.647 | |
| Audtcr's re |
mone ra lion (nots 6) | 14.520 | 15,SS4 | |
| Depreciation | (ncta 9) | 26,162 | 19.135 |
| 2019 | |||
|---|---|---|---|
| Provision ofwishes and fundralsing | |||
| Bnpfoyntenf | costa | ||
| 2019 | |||
| Wages and aviaries | 704,855 | 982,203 | |
| Sod el security | costs | 70,610 | 97,030 |
| Other pension | costs | 30,584 | 60,4t4 |
| 505,04S | 1,139.647 |
| Fixtures, | ||||
|---|---|---|---|---|
| fittings 5 |
||||
| equipmentf | ||||
| Cost | ||||
| At 1 January | 2020 | 185,324 | ||
| Additions | 7,813 | |||
| At 31 Derxrmba r2020 | 1'74,137 | |||
| Depreciation | and Impairment | |||
| At 1 January | 2020 | 112.288 | ||
| Depreclalicn | charged | in the year | 26,162 | |
| At 31 December 2020 | 138,450 | |||
| Nst bask value | ||||
| At 31 December 2020 | ||||
| At 31 December 2019 | ||||
| 10 | Fixed asset | invesbnents | ||
| Other | ||||
| invesbnentof | ||||
| Cast or valuaaon | ||||
| At 1 January | 2020831December 2020 |
| Amounts fall |
ing due within one year. | ||
|---|---|---|---|
| 2020 | 2019 | ||
| f | f | ||
| Trade debtors | 32,162 | 111,352 | |
| Olher deb lcm | 22,328 | 22,328 | |
| prepsyments | and seamed incame | 141,914 | 4M,891 |
| 166,404 | 003,571 |
| Creditors: amounts | falling due within one ye |
ar | |
|---|---|---|---|
| 2019 | |||
| Trade credilors | 12,065 | 103,764 | |
| Olher creditors | 4a,to3 | 90.780 | |
| Accruals end delerred | income | 6ta.aat | 996,590 |
| 681.159 | 1,191.134 |
| 2019 | |||||
|---|---|---|---|---|---|
| Defemd | income | brought forward |
at 1 Jarwary | ISA47 | 28,883 |
| Amount | released | in the year | (10,447) | (26,883) | |
| Amount | deferred | In Ihe year | 18,447 | ||
| Defened | income | cerned lcrward |
31 December | 18,447 |
| 2020 | zofa | |||
|---|---|---|---|---|
| 8'000 | 2'OQO | |||
| Within | one | year | 107,172 | 107,172 |
| Within | iwo | to five yrwrs | 10a,aaa | 276,861 |
| 276Alsf | 384.033 |
| unexpen | ded balances |
ofdonations and gra |
nts held o |
n trust lor spe | cific purpose | s: |
|---|---|---|---|---|---|---|
| Balance at | ||||||
| Balance at | 31 | |||||
| 1January | December | |||||
| 2020 | Income | Expenditure | Iyansfsrs | 2020 | ||
| 0 | 0 | 0 | 2 | |||
| Specific | wishes | 77,860 | fzlfi880 | (90,328) | — | 102,001 |
| Balance at | ||||||
| Balance at | 31 | |||||
| 1 January | Deoember | |||||
| 2019 | Income | Expsndturs | Transfers | zofa | ||
| f. | 2 | 2 | ||||
| Speclfic | wishes | S9,822 | 110,238 | (122,291) | — | 77,869 |
| Analysis ofnet |
assets between funds | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | T asti | |||
| 8 | 8 | 8 | |||
| Fund balances at | 31 December 2020 | ||||
| are represented | by: | ||||
| Tangible assets | 35,087 | 35,887 | |||
| Invssens vis | 1 | 1 | |||
| Cvrrent assets | 4,092,838 | 102,091 | 4,194,930 | ||
| Creditors: amounls | fusing dve within one year | (681,159) | — | (881,159) | |
| 3,447,386 | 102,991 | 3,549,457 | |||
| Unresktctsd | Restricted | ||||
| funds | fvnds | Total | |||
| 6 | 6 | ||||
| Fund balances at | 31 December 2019 | ||||
| are represented | by: | ||||
| Tangible assets | 54,035 | 54.036 | |||
| Invsslm ants |
1 | 1 | |||
| Current assets | 4.777,669 | 77,569 | 4,855,238 | ||
| Creditors: amounls | faslng dus wffhin ons year | (1.191,134) | — | (1,191,134) | |
| 3.540.572 | 77,569 | 3,716,141 |
| Donations | |||
|---|---|---|---|
| 2029 | 2019 | ||
| 8 | |||
| Trustees | 42,443 | 35,908 | |
| Others excluding | trvsiees: | ||
| . Key management | personnel | 20,790 | |
| . Exetxffive board | members | 12,258 | 49,600 |
| Total | 54.693 | 105,695 |
| Related party | transactions (co |
ntinued) | |
|---|---|---|---|
| Related Party | GoodslServlcea | in Kind | Further details |
| 2019 | |||
| 2 | |||
| Jeffreys Henry | 4400 | 5,000 | Justin Randall, a trustee cfthe ehanly, isa partner at |
| Jelfreys Henry LLP.The firm prcwlded the charily with |
|||
| payroll services. | |||
| Vniverssl | 594 | David Joseph, s bustee af the charity, issdirector st | |
| Music UK I td | Vniversal Music UK Limited. The company donated |
||
| CDs to the charily. | |||
| Mediacam | 2r400 | 4,397 | Stephen Allan. swales ofthe charity. is Ihe Worldwide Chairman 8CEOat Modicum. Mediscam |
| provided Ihs chedly with adveraslng spaos in relation |
|||
| to the Chrislmas campaign in Derxrrnber 2020. |
|||
| Mlshoon De | 4,IH0 | 40,851 | Nick David, s bustee ofthe charity, iss |
| Rays | dlrectorlpartner at Mishcon De Reya. The firm |
||
| provided the charity with legal services. |
|||
| 6EOflioss | 80,898 | David Saul is a member ol the cherily's executive | |
| board and the drectar of BEOtffcee. In 2019, BE | |||
| Ofgoes provided the cherily with donated lixed assets |
|||
| and rent payments. In 2018,BEOffice provided the |
|||
| ehsrhy with offlee space and faeiliaes. |
|||
| Related Party | Do nations | Further details | |
| Capital Group | 21,250 | —Annual donation made by Ihe Foundation where Rays |
|
| ofSunshine has been nominated ivia employee vote) by Caroline Rendall —wife afTrustee Justln Randall. |
|||
| Purple Surgical | 12000 | —Annual patronage paid by Robert Sharps - husband |
|
| ofTrustee Jane Sharps |