Registered number.. 04860607 Charity number: 1102529 RAYS OF SUNSHINE (A company limitèd by guarantee) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 RAYS OF SUNSHINE {A ¢¢mpany limitod by guarante•l CONTENTS Page R8fgrnnc8 and administrative d•tails of the Company, its Trustsas and advisers Trustees. report 2-24 Independent auditors. roport on the financial statements 25-28 Statsment of flnanclal 4ctlvltl•8 29 Balanc• sh••t 30-31 Statsment of cash flo*% 32 Notes to the financlal 8tatsm•nts 33-51 RAYS OF SUNSHINE {A ¢¢mpany limitod by guarante•l REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 JUNE 2024 Tru$tg9$ Mr Stephen Allan OBE Mr Justin Randall FCA Mr Daniel Coleman Dr Ronelle Naidoo Mr Divyesh Popat Mrs Jane Sharpe Company rggist8red number 04860607 Charity rogl¥tsred numb•r 1102529 Rggl$tsrgd offi¢e 4th Floor Berkeley House London N3 2JY Company socretsry Daniel Jagger Chl8f 8x•cutSv• officer Dan Assor- left 17 Jan 2025 Ind•p•nd•nt auditors BKL Audit LLP Chartered Accountsnts 35 Ballards Lane London N3 1XW Bank•rn Barclays Bank plc 27 Soho Square London W103QR Solicitor5 Ingram Winter Green LLP Bedford House 21A John Street London WC1N 2BF Page 1 RAYS OF SUNSHINE {A ¢¢mpany limitod by guarante•l TRUSTEES. REPORT FOR THE YEAR ENDED 30 JUNE 2024 The Trustees present their annual report together the audited financial slatemenls of the Company for the year ended 30 June 2024. The Annual report serves the purposes of both a Trustees, report and a directors, report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply wth the current statutory requirements, the requirements of the charitable company's goveming document and the provisions of the Stslement of Recommended Practice ISORPI applicable lo charities preparing their accounts in accordance with the Finanual Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 (effective l January 2019). Since the Company qualrfies as small under Section 382 of the Companies Act 2006. the Strategic report quired of medium and large companies under the Companies Act 2006 Istralegic Report and Directors, Report) Reguladons 2013 has been omitted. oblec￿ve9 and actlvbtbes a. Poli¢598 and objg¢tivo$ The objectives of the charity as per rts goveming docvmenl are.. Relieve the charitable needs of children and young adutts vtho have illnesses or disabilities causing limited life expectancy or who suffer from long-temi physical or mental disabilities lincluding learning difficulties) Broader Alm¥ of the Charfty Rays of Sunshine aims lo a¢Jdress several key issues and make Signthcanl changes through f(s aclivilies.. lal Relieving Charitable Needs and Grant wshes.. Providing unique and unforgettable experiences tailored to the dreams and desires of seriously ill children. creating lasting p05its.ve memories. Ibl Hospital Aclivrty Days and Wart1 Wishes.. Reduung feelings of isolation during prolonged hospitsl stsys by providing lun and stimulating aclivitj'es. Icl Creating Joy and Posrtive Memories and Wish Granting.. Wish Granting.. Bringing joy lo children and offering resprte for their families, allowing them lo share in happiness and create cherished moments together. Idl Reducing Feelings of Isolation". Wish Community Events." Offering opportunities both in person and online for yOLJng people in OLJr ￿$h community who may be isolated or feel a sense of delachmenl from their peers. These events are designed to bring individuals and their families together to connect, build confidence and provide peer support through their shared joumey. lel H05Pltal Acliwlies." Offenng inclusive and engaging acb"vilies that provide sts"mulalion. fun, and social inleraclion. alleviating loneliness and b0￿d0M during hospitalisalion. ID Building Self-Esteem and Confidence through Wish Communty Events.. Helping children feel special and valued, boosting their self-esteem and confidence, which positively impacts their overall well.being and outlook on life. These events are designed to empower and inspire individuals and encourage them to have the confidence to try new things in a safe, inclusive and supportive environment. Igl Supporbng Families.. Emotional and Practical Support.. Providing ongoing support to help families navigate the challenges of caring for a seriously ill child, induding emots'onal support and opportunities for family bonding. Ihl Raising Awareness and Support through Collaborab"on5 and Partnerships.. Working with celebrity ambassadors, corporate partners, and media outlets lo infftase visibilty, gamer more support. and ensure the sustsinability of the ¢haritls activthes. Page 2 RAYS OF SUNSHINE {A ¢¢mpany limitod by guarante•l TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 JUNE 2024 Oblo¢￿¥•5 and actlvltl•$ Icontlnu•d) How the Achievement of the Charity's Aims Furthers Its Legal Purposes The achievement of Rays of Sunshine's aims diredy ad(l￿$Se$ the charrtable needs of children and young adults with serious illnesses or disabilities. aligning rts legal purposes as ouUined in its goveming document. By providing Supportive and enri¢hing activities, the ¢hanty'. Improves Emotional Well-Being". c￿ating joy and p0S￿Ve memories enhances the mentsl health and overall quality of life for seriously ill children. Alleviates Isolation". Hospitsl ath"wts"e$ reduce loneliness and boredom, contributing lo the children's emotional and mental welkbeing. 8oos15 SeM-Esleem.' Special events arKI activth.es help children develop a posf(ive 5è1f-image and sènse of worth. Supports Families.. Providing emotional and practical support helps families cope with the pressures of caring for a seriously ill child. Raises Awareness.. Increasing vi$ibilty an(1 support ensures the ¢hanty can continue to fvlfil its legal purposes effeth'vely and 5UStainabty. In setting obje¢tives and planning for activrties. the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefil. including the guidance 'Public benefit.. running a charty IP821'. Page 3 RAYS OF SUNSHINE {A ¢¢mpany limitod by guarante•l TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 JUNE 2024 Oblo¢￿¥•$ and actlvltl•$ l¢ontlnu•d) b. Strategies for achieving objectives Rays of Sunshine employs 3 comprehensive strategy to achieve its objectives and aims, ensuring that the charity effectively addresses the needs of seriously ill children and their lamilies. The strategy encompasses several key areas, each designed to maximise the impact of the chariws work and ensure sustainable growth and development. Wlsh Grantlng The core of Rays of Sunshine's strategy is 11$ w$h grantsng programme. By fulfilling the unique ￿ll$he$ of seriously ill children, the charity creates unforgettable experiences that bring joy and hope to the children and their families. The wsh granting process is carefvlly managed to ensure that each wsh is tailored lo the child's desires and circumstances, providing a personalised and impacrful experience. The charity works c105ely with medical professionals, families, and volunteers lo identify and fulfil these wshes, ensuring that all logistical and medical needs are mel. Hospltal ActlvSty Days and Ward WSsh•¥ To reduce feelings ol isolation and provide stimulation for children during hospital stays, Rays of Sunshine organises hospital activity days and wafd wshes. These activities are designed t¢ be inclusive and engaging. offering a range ol fun and Iherapeulic experiences for children in hosprtal. The charity collaborates wlh hospitals and healthcare professionals to plan and deliver these activities, en$uring they are accessible to all hildren, including those who are bedridden or have limrted mobility. Bullding $olf-E8ts•m and Confid•nc• Rays of Sunshine aims to boost the self-esleem an¢J confidence of seriously ill children through ils Wish Community programme of events. By providing opportunitie$ lor children to participate in special activities both in person and online, the charity helps them feel valued l and allows them opportunits'es to share in their experiences with their peers, as well as give them a chance to try out new things- many of which they may not have had the confidence lo attempt or expenen¢e in other setbngs. This focus on building sell-esleem 15 inlegraled into all aspects of the chantys work. from wsh granting lo hospital a¢livilies and community events, ensuring that children receive consistent stjpport and encouragement. Rays of Sunshine brings together children and their families. fostering a sense ol belonging and community, vthich further enhances their confi'dence and self-worth. Supporting Families Recognising the significant emotional and financial p￿$$￿￿$ faced by families of seriously ill children. Rays of Sunshine provides ongoing support to help them navigate these challenges. The charity offers emotional support, practical assistance, and opportunities for families to create happy memories together. This holistic approach ensures that families receive the comprehensive support they need, helpin9 to alleviate stress and strengthen family bonds. Ralslng Awarene$$ and Se¢urlng Support To sustain and expand its activities, Rays of Sunshine actively works to raise awareness of the needs of Seriously ill children and the impact of its work. The chaTrty collaborates wlh celebrity amba55adors, corporate partners, and media ouUe15 to Increase rts visibility and attract more 5UPPOrt. By raising awaienes5 and securing additional ￿soUrCes, the charity ensures that it can ¢onb"nue lo fthlfil its mission and reach MO￿ children and families in need. Page 4 RAYS OF SUNSHINE {A ¢¢mpany limitod by guarante•l TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 JUNE 2024 Oblo¢￿¥•$ and actlvltl•$ Icontlnu•d) Volunteer Engagement Volunteers play a crucial role in the success of Rays of Sunshine's programme5. The charity actively recruits, trains. and supports volunteers to assist v￿th wish granting. hospital a¢tivilie$. and fundraising events. By engaging a dedicated and passionate volunteer base, the chanty enhance$ rts capacity lo deliver high-quality services and extend its reach. Strateglc PartnorBhlps Rays of Sunshine forms strategic partnerships corporate sponsors, t)ther charities, and community organisations lo enhan¢e rts programme$ and in¢rease rts impa¢t. These partnerships provide valuable resources, expertise. and opportunities for collaboration, enabling the charity to deliver more comprehensive and effective support to seriously ill children and their families. Contlnuous Improv•mènt and Ev*lu•tlon To ensure the effectiveness and efficiency ol its programmes. Rays ol Sunshine regularfy evaluates ils activities and seeks feedback from beneficiaries. volunteers, and partners. This commitment to continuous improvement allows the charity to refine its strategies, address any challenges, and adapt to Ihe evolving needs of the children and familieg it serves. G. Voluntsgr¥ Volunteers play a crucial role in the success of Rays of Sunshine's programmes. The charity actively recruits, trains. and supports volunteers to assist wsh granting. hospital activib'es, and fundraising events and activities. By engaging a dedicated an(J passionate volunteer base. the charity enhances ils capacity lo deliver high-quality seNces, extend ils reach and grow In￿Me d. Maln activitl•s undertaken to further thè Ch•rity'8 purposes for tho public bènèflt The trustees confim they have complied the reqU1￿ment in section 17 of the Charities Act 2011, to have due regard to public benefit in deterniining the activities undertaken by the charity. As a charity. we are keen to emphasise the public benefit we believe our work provides. Our wshes are available to any child aged befvleen the ages of three and 18. living in the UK, diagnosed with a lil￿threatening or leminal condition. In support of our mission, the charity's main obiecb.ves are". To fuWIl wishes lor lerminalty and seriously ill children befv￿en the agès of three and 18 in the United Kingdom. To fulfil ward wishes for hospitals and hospices within the United Kingdom. To hold hospital and hospice activty days within the United ￿'ngdom. To hold magical large and smalks¢ale events for our wish children and theiw families throughout the Unrted Kingdom To purchase equipment or grfts for the hosprtals, hoswces and Specialist Schools that provide care for these children within the United Kingdom. To plan lo make a grant towards a caprtal project lo a h05Pital, hospice or specialist School that provides ¢are for terminally and seriously ill children within the United Kingdom. if fvnding is available. Page 5 RAYS OF SUNSHINE {A ¢¢mpany limitod by guarante•l TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 JUNE 2024 Oblo¢￿¥•5 and actlvltl•$ Icontlnu•d) Achievements and perfomiance a. Main achiovaments and p8rfornianco of the Charity The financial year 202>2024 has been a remad(able period for Rays of Sunshine, marf(ed by the successfLJI granting of numerous wshes and the organisabon of impacrful community events. Despite the challenges posed by economi¢ uncertainties and a reduced team. our ¢ommitmenl lo bringing joy and memorable experien¢es lo seriously ill children and their families has remained unwavering. Wlsh•s Throughout the year, our wsh-granling team ha$ been exceptionally busy. managing a significant pipeline of wishes. Despite a redu¢ed team, we have ￿Mpleted 358 wshe$ in the financial year, 29 more than the previous year. As of 30 June 2024. we had 202 wishes in progress. This is a testament to the team's dedication to reducing lead ts'me5 and ensuring that wshes are granted in a timely manner. K•y Wl8h Hlghllght: Our wish granting ath'vilies have included a diverse range of experiences, tailored lo meet the unique desires and needs of each child. Some of Ihe slandoul wshes granted this year include.. Ethan's Poker Nlght." In January. ￿ granted Ethan's wish lo have his own personalised poker table and host a family poker night. Poker hold$ a Special place in Elhan'$ life, providing a way for his family and friends lo come together and spend quality bme. momentarily forgetting the everyday worries of his illness. The wish included a cuslom-made poker table. personalised poker chips, and accessories, creating a memorable and enjoyable experience for Ethan and his loved ones. Sldemtn Wlsh Day.. In Febwary. ￿ held our annual *Msh day The Sidemen at Grawty Wandsworth. Seven wish children and their parents enjoyed a moming of gaming, Vlrtual darts, and bDvAing, all arranged by The Sidemen's new charrty, Bnghlside. Each child received a signed wster, a Gravity gift card, and Me￿handISe from The Sidemen dothing range. The event provided a fun and engaging experience, Creating la5b.ng memories for the children and their families. Sanna's Wl8h to Mggt hgr Idol Olly Murs.. A$ part of our collaboralion wrth The Fragrance Shop, we hosted our 9,OOOth wsh for Sanna, has kidney failure and is on dialysis. Sanna had the opportunity lo meet Olly Murs and create her ovm fragrance in-$lore at The Fragrance Shop Manchester. This unique experience brought immense joy to Sanna and her family, and the content captured during the event will be used lo highlight the Impact of our work al future lundrai5ing events. Barnaby's Wish to Meet the England Squad.. Bamaby and his family attended the training press day at St George'5 Park for the England men'5 squad. He received an FA goody bag. along with personalised England football merchandise. They watched the team train and had the opportunity to meet the players, tske photographs, and collect 5ignature5. Bamaby and hi5 family were a150 gifted tickets lo watch England vs Malts al Wembley Stsdium. vthe￿ they tsken prtch side before kick-off. The experience was a dream come true for Bamaby and created cherished memories for his family. Page 6 RAYS OF SUNSHINE {A ¢¢mpany limitod by guarante•l TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 JUNE 2024 A¢hlovem•nts and perfomianc• 1contlnu￿1 Matthevls Wlsh to Vlslt tho Set of Th• Ch•$o." Matthew loves game shows, and his favourite is The Chase. For his wsh, he wanted to be a contestant on the show. He was invited to the studio to play against The Vixen and put his quiz knowledge to the lesl. His mum and aunt joined him a5 leammales, and Matthew beat the chaserl The family described the day as a unique and unforgettable experience, filled with joy and excitement. Cl•mmle'8 Afternoon wlth Andro3 Bocelll.. Our partnership wth Andrea 8ocelli brought 8 magical experience to Clemmie, a young gid who had the opportunity to spend an aftemoon backstage wrth Andrea and his family before his live performance. Andrea even sang a personal rendilion of "Happy Birthday. to Clemmie, creating a cherished memory for her and her family. Wlsh Communlty Ev•nts The finan¢ial year 2023124 has been an exceptional period for Rays of Sunshine. marked by a Series of impactful community events and ath'vity days that have brought joy, ￿nneCtiOn, and support to Seriously ill children and their families. These events have provided opportunibes for families to bond, share experiences, and create lasting memories together. Here are some of the key community events and activity days from the past year.. Mllly Days." Our annual Milty Days event at Mill Waters was a ￿sOUnding success. wlh 90 attendees, including 20 wish Children. Familie$ enjoyed boat rides. a petting zoo, garden games. crafts. swimming. and an ice cream van. The event provided a much-needed respile and a chance for families to bond in a supportive environment. The positive feedback from families highlighted the importance of such events in creats'ng cherished memories and offering a sense of normalcy during challenging times. World Book Day C•l•brations In March, we celebrated Wodd Book Day ¥￿th a series of engaging activrties designed to inspire a love of reading and creativity among children. The celebrations included.. Online Workshop with Children's Ill￿tratOr Ali Pyè. Ali Pye led a workshop where children leamed lo draw and create their own illuslrats"ons. bfy)gtsng their confidence and artisti¢ skills. Rap Workshop wth MC Grammar.. Wortd Book Day ambassador MC Grammar hosted an online rap workshop, encouraging children to create raps and rhyming poems about topics they were passionate about. The workshop was well-received, ￿￿th children expressing their creativity through mu51C. Roald Dahl P•rfomiance Work$hop at Playl)ox Th•atr•." Child￿n parts'cipaled in acting and danryng workshops. Culminating in a perfomance that celebrated the works of Roald Dahl. Parents also engaged in a terrarium-rnaking workshop, fostering connection and communicab'on among families. Music Production Workshop In May, we hosted an in-person musi¢ produdion workshop al Woolw'¢h Works in London. Led by our ¢hoir leader Georgia White and music producer Silvastone. the workshop included singing. games. and a lyrics session where children created their own song. The workshop provided a plarform for children to express themselves crealivety and build their confidence. They vKote and collaborated wth Silvastone to create "Rainbo￿ which has incredible tyn.cs which Tellect the group'5 lived experiences with their illnesses and encourages listeners lo find their own inner strength_ pa￿￿ts also participated in a workshop rnaking ethical room sprays and homemade soap. offering them a ¢han¢e to connect with others in similar ¢ircumstan¢e$. Page 7 RAYS OF SUNSHINE {A ¢¢mpany limitod by guarante•l TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 JUNE 2024 A¢hlovem•nts and perfomianc• 1contlnu￿1 Online Animal Encountsr In May. we Inalled a new concept wth an online animal encounter hosted by ZooLab. The Session introduced children lo various animals. including a hissing Cockroach. laranlula. tree frog. snake, and giant snail. The ¢hildren were highly engaged. leaming about the rainforest and the habitats of these animals. The event was particularly impactful for children who are unable to visit zoos due to their medi¢al Conditions, providing them with an exciting and educational experience from the comfort of their homes. Chrlstmab Party at Glld• Despite Challenging weather condth'ons. our Christmas Paty at the Glide ice rink al Battersea Power Station was festive and joyous occasion. Over 60 wsh ¢hildren and their families attended, enjoying activities such as meeting Father Christmas. crafts, computer games, and ice skating. The event reached 229 people in total and provided a magical experience that brought holiday cheer to the families. 12 Days of Wl8hma• Our '12 Days of Wishmas, programme in December was our busiest month, featuring a variety of festive acts'vilie$. Highlights in¢l(bded.' F•$tlv• Aft•moon Tea and Mov1• S¢reening at Easlv•pII Manor." Families enjoyed a delightful afternoon tea followed by a movie screening, creating a cosy and fests.ve atmosphere. Ic• Skating at Brighton Pavlllon". Children and Iheif families had the opportunity lo Skate al the iconic Brighton Pavilion. enjoying the wnter wonderfand experience. R¢glonal S¢reenlng$ of Olsney's 'Wl$h' Movle. Families attended special screenings of Disney's 'Wish' movie in various locations, adding to the holiday excrtement. Pantomlme Perfomianc•s In Edlnburyh and Llverpool." Children and their families enjoyed live pantomime performances, bringing laughter and joy to the holiday season. Online Events". Virtual activities induded a magiuan and famity bingo session, ensuring that families who ould not attend in person still had the opportunty to path'cipate in Ihe festsve fun. These community events and ath'vty days have played a crucial role in fostering a sense of belonging and support among wish families. By providing opportunib.es for families to connect, share experiences, and create lasting memories, Rays of Sunshine has made a significant p0511ive impact on the lives of seriously ill children and their families. The success of these events is a teslamenl lo the dedication and commitment of our team, volunteers, and supporters. who work ￿.￿lesS1Y to bring joy and hope to those we serve. Page 8 RAYS OF SUNSHINE {A ¢¢mpany limitod by guarante•l TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 JUNE 2024 A¢hlovem•nts and perfomianc• 1contlnu￿1 Sunshine in Hospital and Hospices Our engagement wth hospitsls and hospices a￿0$$ the UK has continued to strengthen. with a focus on providing resources and support to children undergoing treatment. We have continued to roll out our successful Sensory Bag programme, reaching around 1,000 children in 2024. The bags focus on 3 main sensory areas - See, Touch and Hear. In March 2024 we launched our Wodd Book Oay programme, designed to encourage creative thinking through slory-lelling and Create positive distractions for over 3.884 children. One of the standout initiatives this year has been the Liquid lo Tablet5 project. which aims lo Improve the medication experience for children. Liquid lo Tablets Project.. This innovative project. launched in partnership with Leeds Children's Hospital, encourages d)ildren lo Iransibon from liquid medication lo tsblels. The project has shown promising results, with 10 hospitals pa￿'Cipat1ng, including those in London, Manchester, Birmingham, Ipswich, Southamplon, Sheffield. Leeds. and Chesterfield. The inib*ive not only helps thild￿n gain confidenee in taking lablels bul also offers long-term benefits such as increased independence and reduced medication costs for families. The kits include all the resources needed for the transition lo successfully lake place, including cups, botues, straws, pill boxes. tablet cutters. reward charts. and even sweels for practice sessions. This programme is revolutionary and wll make a significant drtference to the lives of seriously ill children, and their families, by in¢￿aSing their independence in managing medications. reducing trauma associated with swallowng medication and improwng oral health. Out of the feedback received so far, we have reached around 95 children and found that 100% of ehildren vtho have taken part in this programme have successfully transitioned, or they a￿ on largel lo successfully transition from taking liquid medication lo lablel medication. Colebrity Ambassadors Our work wlh celebrity ambassadors has been instrumental in raising awareness and support for Rays of Sunshine. Throughout the financial year. we have collaborate(1 wlh a diverse group of celebrities who have generously given their lime and influence lo bring joy to seriously ill Children and their families. One of the highlights of the year was our ongoing partnership wth Olly Murs. Olly has been a steadfast supporter. participating in several key even13 and wish experiences. Notably. he played a central role in our 9.OOOlh wsh. where he mel Sanna, a young girl wth kidney failure. and helped her ¢reale her own fragrance al The Fragrance Shop in Manchester. This event not onty brought immense joy to Sanna bul 8190 garnered $ignrficanl media attention, highlighting the impact of our work. In addition lo Olty Murs, we have been fortunate to have the support of The Sidemen, a group of popular YouTubers. Their involvement in our annual wsh day at Gravity Wandsworth was a resounding success. Seven wsh children and their parents enjoyed a moming of gaming. virtual darts, and b0￿Ing, all arranged by The Sidemen's new Charity. Brighlside. Ea¢h Child received a signed poster. a Gravity grft Card. and merchandise from The Sidemen dothing range. creating unforgettable memories fr)r the familie$ involved. Our collaboration wth MC Grammar also stood out this year. As part of our Worfd Book Day celebrations, MC Grammar hosted an online rap workshop, engaging children in creating raps and rhyming poems about topic5 they were passionate abtsut. This event was wel￿reCeiVed. with ¢hildren expressing their crealivty and confidence through music. We also welcomed the support of Jacqueline Wilson, a beloved children's author. Jacqueline participated in a special event where she read stories lo children and engaged in a Q&A session. Her presence and interath.on with the children were deeply appreaated, prowding them vthh a unique and inspiring experience. Page 9 RAYS OF SUNSHINE {A ¢¢mpany limitod by guarante•l TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 JUNE 2024 A¢hlovem•nts and perfomian¢• 1contlnu￿1 Furthermore, our partnership ￿th Andrea Bocelli brought a magical experience to Clemmie, a young girf who had the opportunity lo spend an aftemoon backstage wth Andrea and his lamily before his live performance. Andrea even sang a personal Tendrtion of "Happy &"rthday" to Clemmie, Creating a chenshed memory for her and her family. F8•dback and Impact The feedback from tsmilies has been overwhelmingly positive. underscoring the profound impact of our wsh activities. Parents have shared heartwarming stories of how the wishes have brought joy, confidence, and a sense of normalcy lo their children's lives. For instance. one Pa￿nI des¢ribe(I how their child, Kyle, called his wish day the best day of his lrfe," vthile another noted how the wsh experien¢e helped their child move past the trauma of illness and look forward to the fvture wlh [eneV￿ energy and optr'mism. b. Koy p•rfomian¢• Indlcatorn Rays of Sunshine uses a variety of key perfomiance indicators IKPlsl lo asses5 Ils performance and measure the impact ol Ils aclivilies. These indi¢3lors provide evidence of the charrty's achievements during the reporting period and help to ensure that ils objedives and aims are being met effectively. The followng summary outlines the main KPIS used by the charity, along wlh the outputs achieved and theii contribution to the charity's overall goals. Wlsh Grantlng Numb•r of Wlsh88 Grantsd.. One of the primary KPIS is the total number of wishes granted within the financial year. For 202>2024. the charity successfully granted 358 wshe5, exceeding the previou5 yearfs total of 329. This KPI reflects the chantys ats'lity to bring joy and create lasting memories for seriously ill children and their families. Lead Time lor Wl8h Fulfilment". Another imrrt)rtant KPI is the lead tsme ftom approval lo futfilmenl. A8 0130 June 2024, 86% of the 202 wshes in progress were less than 12 months old. This demonstrates the chariW5 commilrnent lo redurAng wart times through efficient Wish management, a dedicated team, continuous improvement. resource allocab"on. collaboration wrth partners. and regular monitoring and reports'ng. These strategies ensure the timely delivery of v*ishes and highlight the charity's dedication lo bringing joy to seriously ill children as quickly as possible. F￿dback survey.. Based on responses from 128 families, 97% of families would recommend Rays of Sunshine lo other families. We received a perfect rating of 10110 for the impact ol a wsh on their child and another 10110 for families, over311 experience with Rays of Sunshine. Page 10 RAYS OF SUNSHINE {A ¢¢mpany limitod by guarante•l TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 JUNE 2024 A¢hlovem•nts and perfomianc• 1contlnu￿1 Wish Community Evants Number of Communlty Evonts. The charity tracks the number of community events organised each year. In 2023-2024, Rays of Sunshine held 27 events, induding the annual Milly Days and Ferrari Day, Worfd 8tsok Day ¢elebralions. a host of online events. a new gaming event 'Game Fesl. and a music produclitsn workshop, as well as the busy .12 Days of Wishmas, events and many more. These events provide opportunities for lamilies lo connect, share experiences, ar￿ create lasting memories. Attendanco at Ev8nts.' The number of attendees al community evenl$ 1$ another crucial KPI. For example, the Milly Days event al Mill Water5 saw 90 attendees, including 20 wsh children. the highest attendance lo date. High attendance rates indicate the success antj popularity ol these events among the charity's beneficiaries. Summary of Rèach 0 1,451 people reached- double the amounl in 2022r2318971 0 577 wish children- over double the reach in 202212312231 0 18 regions reached plus mulb'ple in London 0 11 new online events hosted The rea¢h was achieved on half the Initially approved budget for this period. This su¢¢ess was largely due to the development of the online events programme. the implementation of a waitlisl process lo prevent wasted spaces, and a rigorous guest managemenl process prior to Ihe event maximised attendance rates. Sunshlne In Hospltals and HospScos Number of Hospltal Acllvbty Days.. The ¢hanty measures the number of hospital adivity days conducted each year. These activities are designed lo reduce feelings of isolation and provide stimulation for children during hospital stays. The charty's engagement wlh hosptsls across the UK has conts'nued to slrenglhen, with numerous activity days organised throughout the year. Partlclpatlon In SpKlal ProJe¢ts'. The Liquid lo Tablets Pro￿¢1 is a stsndoul inrtiab've aimed at improving the medication experience for children. The KPI for this project includes the number of participating hospitals and the number of Children transitioning from liquid medication lo lablet5. Wrth 10 hospitals partlClP81ing, the project has shown promising resulis. contributing to inueased independence and redu¢ed medi¢alion costs for families. World Book Day.. The primary aim of this projed is to reach thildren in hospitsls who are missing out on making significant childhood memories. Whilst their peers are celebrating Worfd Book Day in school, thousands of hospitslised children miss out. We launched our Wodd Book Day packs lo encourage creative thinking, storytelling and a sense of community among these children in a hospital setting. The overall impact reached 3,884 children. Voluntoor Engagement Volunteer Hour5 Contributed.. The charity tracks the total number of volunteer hours contributed each year. Volunteers play a ￿ts1 role in supporting wish granb"ng. hosprtal activib"es, and fundraising events. Thousands of volunteer hours. equivalent to several fijll-time staff positions. highlight the significant contribution of volunteers to the charity's success. Page 11 RAYS OF SUNSHINE {A ¢¢mpany limitod by guarante•l TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 JUNE 2024 A¢hlovem•nts and perfomianc• 1contlnu￿1 Number of Active Volunteers.. The number of active volunleers is another key indicator. A dedicated and passionate volunteer base enhances the charrtys capacity lo deliver high4Juality services and extend ils reach. Fundraising and Awdrnn8$$ Funds Raised.. The total amount of funds raised through various fiJndraising activities is a critical KPI. Successful event5 such as the annual gow day. collaborations wlh corporate partners. and Individual fundraising efforts have contributed lo the charity's financial stability and ability lo expand its services. Mèdla Covèrago and Publlc Engagom•nt'. The Charity measure$ the extent of media coverage and publi¢ engagement achieved through its activities. Collaborations wth celebrity ambassadors and media oullel$ have increased the charity's visibilty and attracted more support, ensuring sustained gro￿ and impact. . Factors rnlevant to achleve obJeclSv8¥ Over the past year, ￿ have made signfficant strides in luffilling our mission. despite numerous challenges. Our dedicated team, supports've ￿MmunIty, and Slralegic partnership$ have been Crucial in helping us a¢hieve our obje¢live$. During the financial year, Rays of Sunshine faced ￿b5t>nI1al financial difficultie5, nece5511ating a tough decision to reslrudure the charity. This reslru¢turing led lo a reduction in Staffing levels, with several members leaving the organizalion. The decision was made after Careful consideration of where cost savings could be achieved. ensuring the charity could ¢ontinue to operate effe￿IvelY while managing rts financial challenges. Although it was a difficult choice, rt was essential for the long-tem) sustainability of the charity and its ability to conts'nue bringing joy and support to seriously ill children and their famil￿$. Ending the year with a deficit posed 3 major challenge. impacting our abilty lo manage a high volume of wshes and events with a reduceli¢y is reviewed every six months by a sut>committee of the TrusteelExe¢ub"ve Board. which reports to the Trustees. Current Investments.. The charity has invested in Govemment Gills wth a maturity date of January 2025. Sufficient cash is held in easily accessible bank accounts ￿￿th Barclays Bank to ensure liquidty. Page 14 RAYS OF SUNSHINE {A ¢¢mpany limitod by guarante•l TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 JUNE 2024 A¢hlovem•nts and perfomianc• 1contlnu￿1 Perforniance of Investments.. During the year ended 30 June 2024. the chaws investments in Government Gilts resulted in an unrealised gain of £198,439. The lotsl value of inveslmenls al the end of the reporting period was £3.065,674. The investment policy reflects the Trustees, decision lo hold reserves in a manner that achieves minimum risk and Capital preservatson, ensuring the ¢harity Can meet its finanaal obligations while safeguarding its assets. f. Flnan¢lal revlow Ay of 30 Junè 2024. Rays of Sunshine has shovm ￿lIlence and dedication to 11$ mission despite facing economic uncertainties and operational challenges. The charitys financial position reflects rts commitment lo bringing joy and support lo seriously ill children and their families. The lolal income for the year was £2.07 million, while expenditure on charitable a¢livilie$ amounted lo £3.49 million, resulting in a deficit of £1.43 million. The total reserves at the end of the reporting period were £2.79 million, with unrestricted funds of £2.69 million and restricted funds of £95.485. a. Golng concorn The Iruslees of Rays of Sunshine have assessed the charity's financial position and conduded that r( remains a going concern. This condusion is based on several key factors". Healthy Level of Free Reserves.. The charity maintains a robust level of free reserves, which provides a financial cushion lo meet ils obligalions and contsnue ils operations even in the face of economic uncertaints'es. Careful Considerab'on of Future Expenditu￿." Futu￿ expenditure commitments a￿ Carefully evaluated in light of the charity's free reserve levels and overall financial position. This prudent approach ensures that the charity can 5UStain ils activities and fulfil its mission. Successftjl Fundraising Efforts." The charity has (lemonstrated successful fvndraising efforts through various events, partnerships, and innovative campaigns. These efforts have contributed to the charity's income and financial stability. Strategic Partnerships and Support.. Strong partnerships vhth corporate supporters and our committed Patron donors have provided valuable financial 5LlPPOrt and resources. enhancing the charity's ability lo continue its work. Commitment to Financial Prudence.. The trustees are committed lo maintaining financial prudence and ensuring that the charity's ￿SoUrceS are managed effectively lo support its mission and objectives. Based on these factors, the trustees are confident that Rays of Sunshine has the financial resilience and stability to continue operating as a going concern for at least the nexl 12 months. Page 15 RAYS OF SUNSHINE {A ¢¢mpany limitod by guarante•l TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 JUNE 2024 b. Rg$erv•$ pollcy Al the balance sheet dale of 30 June 2024. the total rese￿eS were £2.79 million130 June 2023." £4.02 millionl, of which £2.69 million 130 June 2023". £3.94 million) were unrestncled funds and £95.485130 June 2023". £77,035) were restricted funds, designated for specific projects or purposes as dirtated by the donors and are not available for the general purposes of Ihe charity- A portion of the unreslricled reserves. amounting lo £423,750, is designated towards wshes that have been approved and are yel lo be realised. These designations ensure that the charity can rneel ils commitments and continue its operats'ons wthoul disruption. After accounting for restrided fund$ and designated amounts, the ￿mainIng amount of truly unrestri¢led reserves is £2.27 million. This equates to approximalely 11 months of running costs. providing a financial buffer lo support the charity's operations and ensure rt5 long-term sustainability. Our policy is to maintsin 6 10 12 months of budgeted expenditure lo ensure that we are always able lo fulfil wishes. both ￿MmItted and planned. in the event of a significant decline in our income due lo an unexpected ma¢roeconomic event such as those experienced in 2008 and 2020. The Iruslees are comfortable with a reserve level al the upper end of expectations lo provide a greater degree of protection given the current uncertain economi¢ dim31e. The Iwslees regularfy review the reserves policy to ensure il remains aligned vAth the charitys financial strategy and objectives, taking steps to maintain an appropriate level of reserves to support future activitie$. Page 16 RAYS OF SUNSHINE {A ¢¢mpany limitod by guarante•l TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 JUNE 2024 ¢. Matsrfal Investments poll¢y Rays of Sunshine holds material financial investments lo ensure the preservation of capital while maintaining liquidity lo meet the charty's obligations as they fall due. The investment polity Is designed lo achieve minimum risk and ¢apitsl presetvation, ensuring that the ¢harity Can Contsnue ils operatsons wlhout disrupb'on. The trustees have the power to invest in funds as they deem appropriate. The primary objectives of the investment policy are.. Ensuring that the principal amount of the investments is protected from significant losses. Maintaining sufficient liquidity to meet the tharity's short-lemi and long-lerm financial obligations. Generating a reasonable level of income to support the ¢harty'$ activities and operations. The charity5 investments are pnmarily in Govemment Gitts and cash held in bank aceounls. These Inveslmenly are Chosen for their low risk and h￿h liquidity. aligning the chariV$ obie¢lives of capital preseNalion and Rays of Sunshine 1$ committed ¢0 responwble investing and lakes social, environmental, and ethical consideration5 into account in its investment policy. The charty aims to invest in a manner that aligns with ils value5 and mission. This includes.. Avoiding investments in companies or sectors that engage in practices harniful lo society, such as those involved in the production of tobacco. alcohol. or weapons. Priorilising investments in companies that *Jemonslrale Strong environmental Stewardship and $u$lainabilily practices. Ensuring that invegtmenls a￿ made in companies that adhere lo high ethical gtandards, including fair labour practices and good governance. The investment policy is reviewed every six months by a sutrTrcommrttee of the TrusleelExecutive Board, which reports lo the Iruslees. This regular review ensu￿$ that the Investments remain aligne