|Board ofTrustees Annual<br>Report. .|||
|---|---|---|
|Reference and Administrative<br>Information:.|||
|Structure,<br>Governance<br>and Management.|||
|Principal<br>Risks .|||
|Objectives and Activities:|||
|Public Benefit.|||
|Achievements<br>and Performance.|||
|Declarations.||14|
|Independent<br>auditor's<br>report to the members of Rays of Sunshine|.|16|
|Statement of Financial<br>Activities .||21|
|Balance Sheet..||22|
|Statement of Cash Flows ..||23|
|Principal<br>Accounting<br>Policies.||24|
|Notes to the financial statements. ....||29|





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|Cover:||||
|---|---|---|---|
|||Period|Year to 31|
|||ended 30|December|
|||June 2022<br>f.|2020f|
|Free reserves||5,035,168|3,411,679|
|Next year's budgeted|expenditure|3,184,842|2,560,569|
|Months' cover||19|15|



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||||||Period|ended 30Ju|ne 2022||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||Period|||Year to31|
||||||||ended 30|||December|
||||||||June 2022|||2020|
||||||Unrestricted|Reabicted|Total|Unrestricted|Restricted|Total|
||||||funda|funda|funda|funds|funds|funds|
|||||Nates|8||8||8|2|
|Income from:|||||||||||
|Donations<br>and|legacies||||4,D62,062|1D,DDD|4,072,D62|882,582|120,850|1,003,432|
|Gifts in kind|||||152,519||152,519|266,274||266,274|
|Other trading<br>actwnies|||||87,949||87,949|93,139||93,139|
|Investments|||||2,963||2,963|10,653||10,653|
|Other mcome|||||2,416||2,416|116,973||116,973|
|Total income|||||4,307,909|1D,DDD|4,317,9D9|1,369,821|120,850|1,490,471|
|Expenditure<br>on:|||||||||||
|Raismg funds||||4|641,195||641,195|526,399||526,399|
|Chantable<br>ackwties||||5|2,D55,916|33,465|2,089,441|1,036,428|96,328|1,132,756|
|Total expenditure|||||2,697,171|33,465|2,730,636|1,562,827|96,328|1,659,155|
|Net (expenditure)||income before|||||||||
|transfers|||||1,610,738|(23,465)|1,507,273|(193,206)|24,522|(168,684)|
|Transfer between||funds||||(2,422)|||||
|Net movement|in|funda||7|1,613,16D|(25,881)|1,587,213|(193,206)|24,522|(168,684)|
|Reconciliabon|offunda||||||||||
|Fund balances|brought||forward||3,447,366|1D2,091|3,549,457|3,640,572|77,569|3,718,141|
|Fund balances|carried||forward||5,D60,526|16,204|5,136,130|3,447,368|102,091|3,549,457|





|||Period|Ended 30June|2022|||
|---|---|---|---|---|---|---|
||||30June|3DJune|31 December|31 December|
||||2022|2022|2020|2020|
|||Notes|6|8|t||
|Fixed assets|||||||
|Tangible assets||9||25,358||35,887|
|Investments||10||1||1|
|||||25,359||35,888|
|Current assets|||||||
|Debtors|||173,346||198,404||
|Cash al bank and m hand|||5,493,687||3,223,384||
|Short term deposits|||7,70D||775,160||
||||5,674,733||4,194,928||
|LiabiliTies|||||||
|Creditors<br>amounts|falling due within one year|12|(563,362)||(681,159)||
|Net current assets||||5,111,371||3,513,769|
|Tots I net assets||||5,136,730||3,549,457|
|Income funds|||||||
|Reslncted funds||14||76,204||102,091|
|Unrestncted<br>funds||||5,060,526||3,447,386|
|||15||5,136,730||3,549,457|





## 

|||||||Period|Year to 31|
|---|---|---|---|---|---|---|---|
||||||Notes|ended 30|December|
|||||||June 2022|2020|
|||||||E|E|
|Cash flows from operating|activiTies:|||||||
|Net cash (csed in) provided|by operebng|actrvrties|||A|1,528,571|(255,983)|
|Cash flows from investing|activities:|||||||
|Purchase oftangible<br>fixed assets||||||(28,671)|(7,813)|
|Interest received||||||2,963|10,653|
|Net cash genemted<br>from (used by) investing||||activiTies||(25,7DB)|2,640|
|Net (decrease) increase in|cash and cash equivalents|||||1,5D2,863|(253,143)|
|Cash and cash equivalents|at 1January||2021|||3,998,524|4,251,667|
|Cash and cash equivalents|at30June|activiTies 2022|||6|5,5D1,387|3,998,524|



## 

||||||Period|Year to 31|
|---|---|---|---|---|---|---|
||||||ended<br>3D|December|
||||||June 2022|2020|
||||||8|E|
|Net movement<br>in funds|||||1,587,273|(166,684)|
|Depreciation|charge||||39,00D|26,162|
|Investment|income||||(2,963)|(10,653)|
|Decrease (increese)||in debtors|||23,055|407,167|
|(Decrease)|mcreese|in credtors|||(117,797)|(509,975)|
|Net cash (used in) provided|||by operating|activibes|1,520,571|(255,903)|



## 

|||31 December||3DJune|
|---|---|---|---|---|
|||2020|Cash flows|2022|
|||E|E|E|
|Cash|at bank and in hand|3,223,364|2,270,323|5,493,687|
|Short|term deposits|775,160|(767,460)|7,700|
|||3,998,524|1,502,663|5,501,387|





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## 

||||Period|||Year to 31|
|---|---|---|---|---|---|---|
||||ended 30|||December|
||Unrestricted|Restricted|June 2022|Unreslncted|Restncted|2020|
||funds|funds|Totalfunds|funds|funds|Totalfunds|
|||6|6|8|8|8|
|Donabons|4,059,562|10,000|4,069,562|882,582|120,850|1,003,432|
|Legames|2,500||2,500||||
||4,062,062|16,000|4,072,062|882,582|120,850|1,003,432|



## 

|||Unrestricted|funds|
|---|---|---|---|
|||Period|Year to 31|
|||ended|December|
|||30June 2022|2020|
||||E|
|Rent and|related costs||26,793|
|Wishes||2S,S34|87,714|
|Advertising||41,951|81,044|
|Computer|services|29,454|28,323|
|Events||22,470|30,132|
|Office costs||22,610|18,358|
|Governance costs||7,2DD|4,010|
|||152,519|286,274|



## 

||||||||Year to 31|
|---|---|---|---|---|---|---|---|
|||||Period|||Deoember|
||||Restricted|ended 36|||2020|
|||Unrestricted|funds|June 2022|Unrestncted|Restncted|Total|
|||funds|2D22|Total funds|funds|funds|funds|
|||8||6||E||
|Events||69,850||69,850|53,448||53,446|
|Community||||||||
|fundraismg||18,099||18,099|8,940||8,940|
|Other trading|activrties||||30,753||30,753|
|||87,949||87,949|93,139||93,139|





||||||Period|||Year to 31|
|---|---|---|---|---|---|---|---|---|
||||||ended 30|||December|
||||||June 2022|||2020|
||||Unrestricted|Restnctsd|Total|Unrestncted|Restncted|Total|
||||funds|funds|funds|funds|funds|funds|
||||E|E|E|E|E|E|
|Eventand|||||||||
|fundraising|costs||||||||
|Stagmg fcndraising|||||||||
|events|||107,207||187,287|112,093||112,093|
|Advertlslng|||41,305||41,305|62,793||62,793|
|Staff costs|||325,902||325,902|313,769||313,769|
|Other fundraising||costs|10,599||1D,599|9,918||9,918|
||||565,093||565,003|498,573||498,573|
|Supporlcosts|||76,102||76,102|27,826||27,826|
||||641,195||641,195|526,399||526,399|
|activities|||||||||
||||||Period|||Year to 31|
||||||ended|||December|
||||||30June|||2020|
||||Unrestricted|Restricted|2022|Unrestncted|Restncted|Total|
||||funds|funds|Totalfunds|funds|funds|funds|
|||||8|||||
|Staff costs|||520,210||52D,210|422,855||422,855|
|Depreoahon|||39,DDD||39,000|26,162||26,162|
|Wishes|||691,583|33,465|725,048|220,627|96,328|316,955|
|Other oltice costs|||627,612||627,612|301,855||301,855|
||||1,078,4D5|33,465|1,911,070|971,499|96,328|1,067,827|
|Supporlcosts|||177,571||177,571|64,929||64,929|
||||2,055,976|33,465|2,089,441|1,036,428|96,328|1,132,756|



## 

## 

|costs||||
|---|---|---|---|
|||Period|Year to 31|
|||ended 30|December|
|||June 2022|2020|
|||E|E|
|Staff costs||223,793|69,425|
|Governance costs||||
|Audit fees||22,600|14,520|
|Accountancy||7,200|4,800|
|Legal and professional|fees||4,010|
|||253,673|92,755|





## 

|||||Unrestricted|funds|
|---|---|---|---|---|---|
|||||Period|Year to 31|
|||||ended|December|
|||||3DJune 2022|2020|
|Staff costs (note 8)||||1,069,905|806,049|
|Auditor's|remunercion||(note 6)|22,680|14,520|
|Depreoation||(note 0)||39,000|26,162|



## 

||Period|Year to 31|
|---|---|---|
||ended|December|
||30June 2022|2020|
||8|8|
|Provision ofwishes and fundraismg|19|24|
||Period|Year to 31|
||ended|Deoember|
||30June 2D22|2020|
|Wages and satanas|934,904|704,855|
|Somal security costs|102,225|70,610|
|Other pension costs|32,776|30,584|
||1,069,9D5|806,040|





||Period|Year to 31|
|---|---|---|
||ended|December|
|30|June 2022|2020|
||No.|Nn|



## 

|fixed as|sets|||
|---|---|---|---|
||||Fixtures,|
||||fittings 8|
||||equipment|
||||8|
|Cost||||
|At 1 January|2021||174,137|
|Addi lioris|||28,671|
|At 30June 2022|||2D2,608|
|Depreciation|and impairment|||
|At 1 January|2021||138,45D|
|Depreoakon|charged|in the year|39,00D|
|At 30June 2022|||177,45D|
|Net trank value||||
|At 30June 2022|||25,358|
|At 1 January|2021||35,687|



|Cost or valuation|
|---|
|At 1 January<br>2021 and 30June 2022|





## 

||||Year to 31|
|---|---|---|---|
|||Period ended|December|
|||30June 2022|2020|
|Trade debtors||3,224|32,162|
|Other debtors||22,325|22,328|
|Prepayments|and accrued income|147,794|141,914|
|||173,346|198,404|



## 

||||Year to 31|
|---|---|---|---|
|||Period ended|December|
|||3DJune 2022|2020|
|Trade creditors||43,909|12,085|
|Other creditors||56,189|49,103|
|Accruals and deferred|income|463,264|819,991|
|||563,362|881,159|



||||||Year to 31|
|---|---|---|---|---|---|
|||||Period ended|December|
|||||3DJune 2022|2020|
|Deferred|income|brought|forward at 1 January 2021||18,447|
|Amount|released|m the year|||(18,447)|
|Amount|deferred|in the year||||
|Deferred|income|cerned|forward 30June 2022|||





## 

|||||Oitice|remises|
|---|---|---|---|---|---|
||||||Year to 31|
||||Period ended||December|
||||30|June 2022|2020|
|Within|one|year||1D7,172|107,172|
|Within|neo|to five years||17,862|169,689|
|||||125,034|276,861|



## 

|||Balance at||||Balance at|
|---|---|---|---|---|---|---|
|||1January||||30June|
|||2021|Income|Expenditure|Transfers|2022|
||||f.|E|f.|f.|
|Speafic|vnshes|102,081|10,DOO|(33,465)|(2,422)|76,204|
|||Balance at||||Balance at 31|
|||1 January||||December|
|||2020|Income|Expendfiure|Trans(em|2020|
|||E|E|E|E|E|
|Speafic|mshes|77,569|120,850|(96,328)||102,091|





## 

|of net|asse|ts|between funds||||
|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted||
|||||funds|funds|Total|
|||||8|8|8|
|Fund balances||at|30June 2D22||||
|are represented||by:|||||
|Tangible|assets|||25,35$||25,358|
|Investments||||1||1|
|Current|assets|||5,598,529|76,204|5,674,733|
|Credrlors|amounts||falling due within one year|(563,362)||(563,362)|
|||||5,060,526|76,204|5,136,73D|
|||||Unrestncted|Reslncted||
|||||funds|funds|Total|
||||||8|r|
|Fund balances||at|31December 202D||||
|are represented||by:|||||
|Tangible|assets|||35,887||35,687|
|Ioveslme|ots|||1||1|
|Current assets||||4,092,838|102,091|4,194,930|
|Creditors|amounts||fegmg due mthin one year|(881,159)||(881,159)|
|||||3,447,388|102,091|3,549,457|



## 

|Related Party||Donations||
|---|---|---|---|
|||Period ended|Year to 31|
|||3DJune|December|
|||2022|2020|
|||6||
|Trustees||4$,503|42,443|
|Others exduding|Trustees|||
|Executive board|members|58,710|12,250|
|Total||107,303|54,893|





## 

|Related|Party|Goods/Services|in|Kind|Further details||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||2022||2020|||||||||||||
|||8|||||||||||||||
||||||Justin Randall, a|Trustee ofthe charity, is||a partner|at Jelfreys||Henry LLP|||The firm provided|||
|Jefheys|Henry|7,200||4,800|the charity with payroll||services.||||||||||
||||||Stephen<br>Allan, a|Trustee ofthe chanty,<br>is||the former|Worldwide||Chairman|||&|CEO al||
||||||Mediacom<br>Mediacom||provided the chanty|mth adverbsing||space m|||relation||to the Chnslmas||
|Mediacom||||2,400|campaign<br>m December||2020||||||||||
|Mishcon|De||||Nick Davis, a (former)||Trustee ofthe charity,<br>isa director/parlner||||al|Mishcon|||De Reya|The|
|Reya||||4,010|firm provided the|chanty<br>wrlh legal services|||||||||||
|Related|Parly|Donations|||Further details||||||||||||
||||||Annual<br>donation|made|by the Foundation|where Rays ofSunshine||||has been|||nominated|(via|
|Capital|Group|47,100||21,250|employee vote) by Carolme<br>Randall<br>—vnfe|||ofTrustee|Justin|Randall.|||||||
|Purple Surgical||18,000||12,000|Annual<br>patronage|paid|by Robert Sherpa|—husband|ofTrustee||Jane||Sharpe.||||
|Related|Parly|Amounts|paid||Further details||||||||||||
|Mediacom||7,800|||Advertising<br>costs||||||||||||