Charity number: 1109267
The Sunbeam Children Trust
Trustees' report and financial statements
for the year ended 31 March 2022
The Sunbeam Children Trust
Contents
| Page | |
|---|---|
| Legal and administrative information | 1 |
| Trustees report | 2 |
| Statement of financial activities | 3 |
| Balance sheet | 4 |
| Notes to the financial statements | 5 - 7 |
The Sunbeam Children Trust
Legal and administrative information
| Charity number | 1109267 |
|---|---|
| Business address | 7 Dennis Lane |
| Stanmore | |
| HA7 4JR | |
| Trustees | M Haneef |
| N Ahmed | |
| K Dhull | |
| Accountants | Mrs K Dhull FCCA |
| Homefield | |
| Wood lane | |
| Iver Heath | |
| Bucks | |
| SL0 0LD |
Page 1
The Sunbeam Children Trust
Report of the trustees
for the year ended 31 March 2022
The trustees present their report and the financial statements for the year ended 31 March 2022. The trustees who served during the year and up to the date of this report are set out on page 1.
Structure, governance and management
The trustees are fully responsible for the management of The Sunbeam Children Trust.
Objectives and activities
The Sunbeam Children Trust objectives are to provide sponsorships towards education.
Achievements and performance
Sunbeam children trust have performed well to provide education .
Financial review
Sunbeam children trust financial position is maintained .
Statement of trustees' responsibilities
The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial statements the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 1993 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other
On behalf of the board
M Haneef
Trustee
21 December 2022
Page 2
The Sunbeam Children Trust
Statement of financial activities
For the year ended 31 March 2022
| Unrestricted funds Notes £ Incoming resources Incoming resources from generating funds: Voluntary income 2 30,000 Total incoming resources 30,000 Resources expended Establishment costs 1 Accountancy fees 330 Other office expenses 8,500 Depreciation and impairment 200 Donations - Other expenses 2,080 Total resources expended 11,111 Net incoming/(outgoing) resources before transfers 18,889 |
2022 Total £ 30,000 30,000 1 330 8,500 200 2,080 11,111 18,889 |
2021 Total £ 10,000 10,000 4 275 350 266 16,860 17,755 ) (7,755 |
|---|---|---|
The notes on pages 5 to 7 form an integral part of these financial statements.
Page 3
The Sunbeam Children Trust
Balance sheet as at 31 March 2022
| Notes Fixed assets Tangible assets 4 Current assets Debtors 5 Cash at bank and in hand Creditors: amounts falling due within one year 6 Net current assets Net assets Funds 7 Unrestricted income funds Total funds |
2022 £ £ 597 10,000 68,994 78,994 ) (1,636 77,358 77,955 77,955 77,955 |
2021 £ £ 797 10,000 64,575 74,575 ) (16,305 58,270 59,067 59,067 59,067 |
2021 £ £ 797 10,000 64,575 74,575 ) (16,305 58,270 59,067 59,067 59,067 |
|---|---|---|---|
| 59,067 | |||
| 59,067 | |||
| 59,067 |
The financial statements were approved by the trustees on 21 December 2022 and signed on its behalf by
M Haneef Trustee
The notes on pages 5 to 7 form an integral part of these financial statements.
Page 4
The Sunbeam Children Trust
Notes to financial statements for the year ended 31 March 2022
1. Accounting policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year.
1.1. Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities' issued in March 2005 (SORP 2005) and the Charities Act 1993.
1.2. Incoming resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included.
Gifts donated for resale are included as incoming resources within activities for generating funds when they are sold.
1.3. Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes including the charity's shop.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
1.4. Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
- Fixtures, fittings and equipment 25 % reducing balance
Page 5
The Sunbeam Children Trust
Notes to financial statements for the year ended 31 March 2022
| 2. | Voluntary income | |||
|---|---|---|---|---|
| Unrestricted | 2022 | 2021 | ||
| funds | Total | Total | ||
| £ | £ | £ | ||
| Donations | 30,000 | 30,000 | 10,000 | |
| 30,000 | 30,000 | 10,000 | ||
| 3. | Employees | |||
| Employment costs | ||||
| No salaries or wages have been paid to employees, including the trustees, during the year. | ||||
| Fixtures, | ||||
| 4. | Tangible fixed assets | fittings and | ||
| equipment | Total | |||
| £ | £ | |||
| Cost | ||||
| At 1 April 2021 and | ||||
| At 31 March 2022 | 3,113 | 3,113 | ||
| Depreciation | ||||
| At 1 April 2021 | 2,316 | 2,316 | ||
| Charge for the year | 200 | 200 | ||
| At 31 March 2022 | 2,516 | 2,516 | ||
| Net book values | ||||
| At 31 March 2022 | 597 | 597 | ||
| At 31 March 2021 | 797 | 797 | ||
| 5. | Debtors | |||
| 2022 | 2021 | |||
| £ | £ | |||
| Trade debtors | 10,000 | 10,000 |
Page 6
The Sunbeam Children Trust
Notes to financial statements
for the year ended 31 March 2022
| 6. Creditors: amounts falling due within one year Accruals and deferred income 7. Analysis of net assets between funds Fund balances at 31 March 2022 as represented by: |
2022 £ 1,636 |
2021 £ 16,305 Total funds £ 77,955 |
|---|---|---|
Page 7
The Sunbeam Children Trust
The following pages do not form part of the statutory accounts.
The Sunbeam Children Trust
Detailed statement of financial activities
For the year ended 31 March 2022
| Incoming resources Incoming resources from generating funds: Voluntary income Donations Total incoming resources from generating funds Total incoming resources Resources expended Costs of generating funds: Cost of generating voluntary income Donations Donations - Other expenses Sponsorship Sponsorship - Office expenses - Other Activity 4 Activity 4 - Establishment - Other Total cost of generating voluntary income |
2022 £ £ 30,000 30,000 30,000 30,000 2,080 2,080 8,500 8,500 1 1 10,581 |
2021 £ £ 10,000 10,000 10,000 10,000 16,860 16,860 350 350 4 4 17,214 |
2021 £ £ 10,000 10,000 10,000 10,000 16,860 16,860 350 350 4 4 17,214 |
|---|---|---|---|
| 10,000 | |||
| 10,000 | |||
| 10,000 | |||
| 16,860 350 4 |
|||
| 17,214 |
Page 9
The Sunbeam Children Trust
Detailed statement of financial activities
For the year ended 31 March 2022
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| £ | £ | ||||
| Charitable activities | |||||
| Governance costs | |||||
| Activities undertaken directly | |||||
| Professional - Accountancy fees | 330 | 275 | |||
| Office expenses - Other | 1 | - | |||
| Depreciation & impairment | 200 | 266 | |||
| 531 | 541 | ||||
| Total governance costs | 531 | 541 | |||
| Net incoming/(outgoing) resources for the year | 18,888 | (7,755 | ) |
Page 10