**Charity number: 1109267**
## **The Sunbeam Children Trust**
**Trustees' report and financial statements**
**for the year ended 31 March 2024**
## **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**|K Dhull|
||N Ahmed|
||M Haneef|
|**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 2024**
The trustees present their report and the financial statements for the year ended 31 March 2024. 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;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- 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
K Dhull
15 December 2024
**Trustee**
**Page 2**
## **The Sunbeam Children Trust**
## **Statement of financial activities**
## **For the year ended 31 March 2024**
|**Unrestricted**
**funds**
**Notes**
**£**
**Incoming resources**
Incoming resources from generating funds:
Voluntary income
2
30,000
**Total incoming resources**
30,000
**Resources expended**
Establishment costs
14,511
Accountancy fees
380
Other office expenses
-
Depreciation and impairment
112
Donations - Other expenses
26,037
**Total resources expended**
41,040
**Net incoming/(outgoing) resources**
**before transfers**
)
(11,040|**2024**
**Total**
**£**
30,000
30,000
14,511
380
-
112
26,037
41,040
)
(11,040|**2023**
**Total**
**£**
20,000
20,000
12,005
330
2,591
150
16,570
31,646
)
(11,646|
|---|---|---|
**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 2024**
|**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**|**2024**
**£**
**£**
335
30,000
40,846
70,846
)
(15,910
54,936
55,271
55,271
55,271|**2023**
**£**
**£**
447
30,000
49,829
79,829
)
(13,966
65,863
66,310
66,310
66,310|**2023**
**£**
**£**
447
30,000
49,829
79,829
)
(13,966
65,863
66,310
66,310
66,310|
|---|---|---|---|
||||66,310|
||||66,310|
||||66,310|
The financial statements were approved by the trustees on 15 December 2024 and signed on its behalf by
## **K Dhull 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 2024**
## **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 2024**
|**2.**|**Voluntary income**||||
|---|---|---|---|---|
|||**Unrestricted**|**2024**|**2023**|
|||**funds**|**Total**|**Total**|
|||**£**|**£**|**£**|
||Donations|30,000|30,000|20,000|
|||30,000|30,000|20,000|
|**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 2023 and||||
||At 31 March 2024||3,113|3,113|
||**Depreciation**||||
||At 1 April 2023||2,666|2,666|
||Charge for the year||112|112|
||At 31 March 2024||2,778|2,778|
||**Net book values**||||
||At 31 March 2024||335|335|
||At 31 March 2023||447|447|
|**5.**|**Debtors**||||
||||**2024**|**2023**|
||||**£**|**£**|
||Trade debtors||30,000|30,000|
**Page 6**
## **The Sunbeam Children Trust**
## **Notes to financial statements**
## **for the year ended 31 March 2024**
|**6.**
**Creditors: amounts falling due**
**within one year**
Accruals and deferred income
**7.**
**Analysis of net assets between funds**
Fund balances at 31 March 2024 as represented by:|**2024**
**£**
15,910|**2023**
**£**
13,966
**Total**
**funds**
**£**
55,271|
|---|---|---|
**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 2024**
|**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**|**2024**
**£**
**£**
30,000
30,000
30,000
30,000
26,037
26,037
-
-
14,511
14,511
40,548|**2023**
**£**
**£**
20,000
20,000
20,000
20,000
16,570
16,570
2,590
2,590
12,005
12,005
31,165|**2023**
**£**
**£**
20,000
20,000
20,000
20,000
16,570
16,570
2,590
2,590
12,005
12,005
31,165|
|---|---|---|---|
||||20,000|
||||20,000|
||||20,000|
||||16,570
2,590
12,005|
||||31,165|
**Page 9**
## **The Sunbeam Children Trust**
## **Detailed statement of financial activities**
## **For the year ended 31 March 2024**
|||**2024**|||**2023**||
|---|---|---|---|---|---|---|
|||**£**|||**£**||
|**Charitable activities**|||||||
|**Governance costs**|||||||
|_Activities undertaken directly_|||||||
|Professional - Accountancy fees|380|||330|||
|Office expenses - Other|-|||1|||
|Depreciation & impairment|112|||150|||
|||492|||481||
|**Total governance costs**||492|||481||
|**Net incoming/(outgoing) resources for the year**||(11,040|)||(11,646|)|
**Page 10**