##
##
|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|