2021-03-31-accounts - The Sunshine Centre

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lNDEX		Page(s)
Reference and Administration
Trustee's Report		2-8
Independent Examiner's	Report	9-10
Statement ofFinancial Activities
Balance Sheet		12
Statement ofCash Flows		13
Related Notes		14-26

TRUtSTFFS/DIRECTOltS;	John Bridgeman	CBE	TD	DL - Chair	DL - Chair
	Anthony King - Finance
	John Tasker
	Maureen Carney	- HR
	Gemma Barton
	Surinder Dhesi
	Frank Richarclson
	Harvey Marcovitch —Safeguarding
	Andrew Fairbairn	—Premises
	Jennifer Harris —Funding			Strategy	Lead
RKFJISTERE1)OFFICE:	The Sunshine Centre
	186Ednutnds Road
	Banbury
	Oxfordshire
	OX16 OPJ
REGISTERED NUMBERS:	Company No: 6876714
	Charity bio: 1124335
INDEPENDENT	Mazars LLP
EXAMINER:	Charteretl Accountants		and	Statutory	Auditors
	The Pinnacle
	160Midsummer	Boulevard
	Milton Keynes
	MK9 IFF
BANKERS:	CAF Bank Limited
	25 Kings Hill Avenue
	Kings Hill
	West Mailing
	Kent
	ME 194.1Q

		Notes	Unrestricted	Restricted	Total	Total
			Funds	Funds	Funds	Funds
			6 Months	6 Months	6 Months	12 Months
			2021	2021	2021	2020
Incoming Resources			g
Donations and legacies			30,681		30,681	78,846
Other trading activities			12,263		12,263	2,734
Income from investments			16		16	1,051
			42,960		42,960	82,631
Income from charitable
activities
Community centre activities		3	272,568	72,447	345,015	626,367
Total income and endowments			315,528	72,447	387,975	708,998
Resources Expended
Expen&liture on:
Raising funds			17,729		17,729	36,040
Charitable activities		6/7	187237	138137	323399	5N922
Total resources expended			204,966	138,157	343,123	625,962
Net income before gains/(losses)
on investnlents			110,562	(65,710)	44,852	83,036
Net gains/(losses) on investments			21,960		21,960	11,148
Net movement in funds			132,522	(65,710)	66,812	94,184
Total funds brought forward	at
I October 2020			860,269	136,558	996,827	902,643
Total funds carried forwanl	at	16/17
31March 2021			992,791	70,848	1,063,639	996,827

					Note	2021	2020
Investments					9	575,262	553,302
Tangible	Fixed Assets				10	8,844	10,915
						584,106	564,217
Current assets
Debtors					11	35,249	28,081
Cash at bank		and in	hand		12	480,965	474,161
						516,214	502,242
Creditors:	amounts		falling due within	one	l3	(36,681)	(69,632)
year
Net current		assets				479,533	432,610
Net assets						1,063,639	996,827
Funds
Unrestricted		funds -	general		16	475,757	349,66l
Designated	funds				16	517,034	510,608
Restricted	fiinds				17	70,848	136,558
						1,063,639	996,827

			2021	2020
Cash flows from operating	activities:
Net incoming resources			66,812	94,184
Depreciation			2,071	4,460
Loss/(gain) on investments			(21,960)	(11,148)
Trade and other receivables			(7,168)	(8,719)
Trade and other payables			(32,951)	12,324
Net cash inflow from operating		activities	6,804	91,101
Cash flows from investing	activities
Purchase offixed assets				(10,938)
Investment in short term deposits				284,598
Net increase in cash			6,804	364,761
Opening cash			474,161	109,400
Movement in the year			6,804	364,761
Closing cash			480,965	474,161

2	Income	an&1 endowments
			Unrestricted	Restricted	Total	Total
			Funds	Funds	Funds	Funds
			6 Months	6 Months	6 Montlis	12 Months
			2021	2021	2021 f	2020 f
	Donations and	legacies
	Gifts and donatious		10,052		10,052	40,350
	Fundraising		4, 129		4,129	5,496
	Gifts in kind		16,500		16,500	33,000
Total donations		an&I legacies	30,681		30,681	78,846

					Unrestricted	Restricted	Total	Total
					Funds	Funds	Funds	Fuuds
					6 Months	6 Months	6 Months	12 Months
					2021	2021f	2021	2020f
Other trading		activities
Coffee machine								391
Roon& rental					10,110		IO, I 10	1,589
Other					2,153		2,153	754
Total other	trading		activities		12,263		12,263	2,734
3 Income	from Charitable			activities
					Un restricted	Restricted	Total	Total
					Funds	Funds	Funds	Funds
					6 Months	6 Months	6 Months	12 Months
					2021	2021	2021f	2020f
Community	centre activities
Fees —Child	care				67,515		67,515	I I9,578
Fees —Family support					4,703		4,703	1,647
Grants (see note		4)			200,350	72,'147	272,797	505,142
Total income from charitable
activities					272,568	72,447	345,0I5	626.367

G	rants rec	eived in the perio	d are as follows:
			Unrestricted	Restricted	Total	Total
			Funds	Funds	Funds	Funds
			6 IVIonths	6 Months	6 Months	12Months
			2021	2021	2021	2020
			K		E
Grants	—Child	Care	174,905		174,905	251,215
Other	grants		25,445	72,447	97,892	253,927
			200,350	72,447	272,797	505,142

			Unrestricted	Restricted	Total	Total
			Funds	Funds	Funds	Funds
			6 IVIonths	6 Months	6Months	12 Months
			2021	2021	2021	2020
				g
Photocopier			1,112		1,112	2.777
Coffee machine		expenses				146
Fuudraising	expenses		117		117	117
Gifts in kind	(see note 2)		16,500		16,500	33,000
			17,729		17,729	36,040

Expen	diture	on Charitable»cti	vities
			Unrestricted	Restricted	Total	Total
			Funds	Fun&la	Funds	Funds
			6 Months	6 Months	6 Months	12 Months
			2021	2021	2021	2020
			E
Community	centre	activities	187,237	138,157	325,394	589,922
			187,237	138,157	325,394	589,922

Support costs
	Unrestricted	Restricted	Total	Total
	Funds	Fun&Is	Funds	Funds
	6 Months	6 Months	6Months	12 Months
	2021f	2021 f	2021 8	2020f
Accountancy	1,800		1,800	3,300
Legal and professional			463	2,100
Bank charges				258
	2,353		2,353	5,658

Employees	Employees
Nuns her of	employees				2021	2020
					6 Months	12 Months
					Number	Number
The average	monthly	numbers ofemployees	during	the year v ere:	30	30
Wages and	salaries				237,508	474,484
Social security costs					16,625	33,310
Pension costs					6,630	12,783
					260,763	520,577

Investments
Quoted investments
Market value at I	October 2020				553,302
Additions during	the	period
Disposals during	the	period
Realised investment		(losses)/gains			21,960
Market value at	31	March 2021			575,262
Original cost					500,000
Investments are	held		in:
UK Investment Funds					99,218
Global Investment	Funds				60,475
UK Equity Funds					71,585
Global Equity Funds					138,938
Propetty Funds					7,690
Volatility Management			and Alternative	Investments	188,461
Cash and settlements			pending		8,895
					575,262

10	Tangible fixed assets
			Fixtures,
			Fittings &
		Play Area	Equipment	Totalf
COST
As at	1 October 2020	31,654	64,898	96,552
Additions during the period
Disposals
As at	31 March 2021	31,654	64,898	96,552
DEPRECIATION
As at	1 October 2020	31,654	53,983	85.637
Charge for the period			2,071	2,071
Eliminated on disposal
As at	31 March 2021	31,654	56.054	87.708
NET	BOOKVALUE
As at	31 lvlarch 2021		8,844	8,844
As at	30 September 2020		10,915	10,915
11	Debtors
			2021	2020
Dne vvithin one year
Trade	debtors		11,061	5,151
Prepayments and accrued income			24,188	22,930
			35,249	28,081
12	Cash and cash equivalents
			2021	2020
Cash	at bank and in hand		480,965	474,161
			480 965	474.161

3 Creditors: amounts falling due within one year
	2021	2020
Trade creditors	5,533	3,884
Other taxes and social security costs	7,264	7,112
Accruals and deferred income (Note 14)	8,795	42,409
Other creditors	15,089	16,227
	36,681	69,632

4 Def	erred Income
			Trip/childcare
			fee income
Defened	income as at	1 October 2020	35,196
Released	in the period		(35,196)
Income	deferred in the	period	404
Deferred	income as at	31 March 2021	404

			Unrestricted
			Funds	Designated	Restricted	Total
			General	Fun&isf	Funds	Funds
Fund balances		at 31 March 2021 as
represented by:
investments			58,228	517,034		575,262
Tangible	fixed	assets	8,844			8.844
Current	assets		445,366		70,8-'l8	516,214
Current	liabilities		(36,681)			(36,681)
			475,757	517,034	70,848	1,063,639

16 Unrestricted		funds
		As	at				Net gains/	Total
	I	October					(losses) on	Funds
		2020		Incoming	Outgoing	Transfers	investments	2021
			K
General		349.661		308,258	(204,122)		21,960	475,757
Designated—
wind down and		475,398						475,398
closure costs
Designated—
specific funded		35,210		7,270	(844)			41,636
projects
		860,269		315,528	(204,966)		21,960	992,791
17 Restricted funds
				As nt I October 20	Incoming	Outgoing	Transfers	As at 31 1VIarch 21
				f.		g
Sanctuary Housing				8,133	500	6,997		1,636
Councillor Priority	Fund			6,507		5,000		1,507
Cherwell Play Grant				5,000		5.000
Community Friendship Grant				8,085				8,085
HDH Wills Trust				49,476		8,736		40,740
Mental Health Research				350				350
The Pye Trust				2,500	2.500			5.000
National Lottery Community Fund				52,773		51,531		1,242
Oxfordshire Conununity
Foundation Covid-19 Recover Stronger				1,089
Programme
Councillor Priority Covid I9	Fund-			82 I		330		49!
Oxfordshire County Council PPE					50
Cherwell District Council- Covid19				1,824				1,824
Oxfordshire County Council —Winter Grant					5,070	5,070
Cherwell District Council— Emergency Relief Fund					5,000			4,318
Sport England —Tacklillg Inequalities					7.772	2,649		5, 123
CAF Resilience Fund					51.555	51,512		43
				136,SSB	7'2,447	(138,157)		70,848

ancellab	le	operating leases in the following 12 m	onths.
			31	30
			March	September
			2021	2020f
Within	1	year	4,152	4,152
Within	2	to 5 years	11,418	13,494
			15,570

		Unrestricted	Restricted	Total
		Funds	Funds	Funds
		12 Months	12 Months	12 Months
		2020	2020	2020
Incoming Resources				g
Voluntary income
Donations and legacies		78,846		78,846
Other trading activities		2,734		2,734
Income from investments		1,051		1,051
		82,631		82,631
Income from charitable	activities
Community centre activities		476,069	150,298	626,367
Total incoming resources		558,700	150,298	708,998
Resources Expemled
Expenditure on raising fnnds
Costs ofactivities for generating
funds		36,040		36,040
Krpen&liture on Charitable
activities
Charitable activities		553,941	35,981	589,922
Total resources expended		589,981	35,981	625,962
tern
Net incoming/(outgoing)	resources
before investntent gains		(31,281)	114.317	83,036
Net gains/(losses) on investment		11.148		11,148
assets
Net ntovement offun&la after		(20,133)	114,317	94,184
investnsent gains
Total funds brought fora ard at
I October 2019		880,402	22,241	902,6-'13
Total funds carried fora	ard at
30Sep ber 2020		860,269	136,558	996,827