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2025-12-31-accounts

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Charity registration number 1133293 (England and Wales) Company registration number 07035903

THE CHRONICLE SUNSHINE FUND

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2025

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THE CHRONICLE SUNSHINE FUND

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mrs H Dalby
Mrs A V Whyte
Mr C Whittington
Mrs M Pavlou
Ms L A Thomson
Mr S Brown
Mr S E N Leonhardsen
Mr R Jensen
Dr C Grayson
Mr G Whitfield
Mrs C K Kears
Mr J S Waters
Secretary Mr J S Waters
Charity number 1133293
Company number 07035903
Registered office Reach PLC
2nd Floor Eldon Court
Eldon Square Percy Street
Newcastle upon Tyne
NE1 7JB
Independent examiner Simon Brown BA ACA DChA
Azets Audit Services
Bulman House
Regent Centre
Gosforth
Newcastle Upon Tyne
NE3 3LS
Bankers HSBC
Grey Street
110 Grey Street
Newcastle upon Tyne
NE1 6JG
Solicitors Hay & Kilner
The Lumen
St James' Boulevard
Newcastle Helix
Newcastle upon Tyne
NE4 5BZ

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THE CHRONICLE SUNSHINE FUND

CONTENTS

Page
Trustees' report 1 - 5
Independent examiner's report 6
Statement of financial activities 7
Statement of financial position 8
Notes to the financial statements 9 - 18

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THE CHRONICLE SUNSHINE FUND

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE PERIOD ENDED 31 DECEMBER 2025

The trustees present their annual report and financial statements for the period ended 31 December 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's memorandum and articles of association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

The Charity's objectives are to benefit sick or disabled young people up to and including the age of 18 years living in the English Counties of Northumberland, Tyne and Wear, Durham and Cleveland but not limited to:

a) provision of funds or paying for specialist equipment items for beneficiaries where they, or those with responsibility for them could not otherwise afford those items and where those items are not provided by the NHS, local authorities or similar service;

b) providing recreational and leisure time activities in the interest of social welfare with a view to improve their conditions of life; and

c) providing support and activities which develop their skills, capabilities to enable them to participate in society as mature and responsible individuals.

Making amendments and expansions of our Memorandum and Articles, which we agreed upon by The Charity Commission, allowed us to extend our services beyond equipment provision. As a result of this new addition to our existing charitable purposes, we have amended our Memorandum of Articles in conjunction with Hay and Kilner Law, allowing us to provide whole family, parent and carer and individual support such as pre counselling and befriending services, a families helpline and a series of educational video tutorials. This is an area of growth for us in the future as we continue to add more services which our beneficiaries need.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Activities for achieving objectives

We have a wide variety of activities to ensure we raise the profile of the charity throughout the region. This enables us to generate income for our charitable purposes.

These activities include:

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THE CHRONICLE SUNSHINE FUND

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2025

Specialist equipment policies

We invite individuals and organisations from the North East of England to request support for us to provide children up to and including 18 year olds with specialist equipment.

The charity's application for support procedure must be completed and accompanied by two supporting letters from professionals who know the child and who can explain how they will be helped by receiving the equipment. We also require two quotes for the equipment where possible. The application is then assessed by our equipment panel on a quarterly basis. The equipment panel is made up of some of the trustees together with experienced health and social care professionals with expertise in children's and young people's health and wellbeing.

If successful, the payment is made directly to the supplier for the equipment and delivered to the home address of the child or to the address of the organisation which has applied.

Fundraising disclosures

The charity is required to report how it deals with fundraising from the public. The charity does not use a contracted third party professional fundraiser or commercial participator to raise funds. Any monies raised directly from the public follows all guidelines set out by the Charity Commission and UK law in every respect. We respect the privacy and contact preferences of all public donors.

Public benefit

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Achievements and performance

Review of activities

The following is a summary of The Chronicle Sunshine Fund’s key achievements, impact and delivery against strategic objectives for this financial period. During this period, we have continued to meet increased demand for equipment provision within our target timescale despite the challenges we have faced with income generation. We are extremely proud of this.

Operational Context

During the 2024-2025 period, the charity operated within an increasingly challenging landscape characterised by:

Operational Impact

During the reporting period, the charity provided support across the North East against the backdrop of these significant regional challenges, including high levels of child poverty and reported significant impact through equipment provision and community building. Key metrics include:

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THE CHRONICLE SUNSHINE FUND

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2025

Financial Period Extension and Governance

Key Highlights and Achievements

Financial review

Going concern

After making appropriate enquiries, the trustees believe that the charitable company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

Reserves policy

The Chronicle Sunshine Fund has a reserve policy to maintain free reserves of three months unrestricted running costs. The definition of free reserves accords with the Charity Commission, which are unrestricted reserves excluding those designated and tied up in fixed assets.

Based on a typical year, the core operational costs of The Chronicle Sunshine Fund run between £150,000 and £200,000 per annum. This would equate to holding free reserves of between £37,500 and £50,000.

At the year end the charity had free reserves of £41,505 (2024: £52,102 ) which is within the desired range. However, the charity is keen to continue to focus on stabilising its reserves to strengthen their long-term financial position.

Future Focus

Priorities for the coming year include increasing equipment provision through sustainable income streams and establishing a restricted fund to reduce waiting times, and delivering at least 12 inclusive family events.

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THE CHRONICLE SUNSHINE FUND

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2025

Plans for future periods

Future Development and priorities

The Chronicle Sunshine Fund has experienced a significant rise in demand for equipment and enquiries for future equipment applications, as the North East battles a cost of living crisis with severe impact on the provision of NHS services.

The charity has set clear objectives for the upcoming year to meet rising demand.

Chronicle Support

The Chronicle provides a wide range of practical and in-kind support equating to significant financial value to The Chronicle Sunshine Fund, including 24/7 accessible city centre office space and the use of facilities and utilities; trained journalist photography/videography resource at events; and PR support on the ChronicleLive website and in The Chronicle, Journal and Sunday Sun newspapers. The exposure to local audiences raises awareness of the charity and helps promote events, generate income and share stories of the families supported, such as via the 12 Days of Sunshine Christmas appeal which appeared in print daily during December 2025. The Chronicle's editor-inchief is chair of Trustees.

Structure, governance and management

The charity is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 1 October 2009 which has been updated in February 2021.

The charitable company is constituted under a Memorandum of Association dated 1 October 2009 and is a registered charity number 1133293.

The principal object of the charitable company is to benefit children and young people with disabilities up to and including the age of 18 years living in the English counties of Northumberland, Tyne & Wear, Durham and Cleveland.

The trustees, who are also the directors for the purpose of company law, and who served during the period and up to the date of signature of the financial statements were:

Mrs H Dalby Mrs A V Whyte Mr C Whittington Mrs M Pavlou Ms L A Thomson Mr S Brown Mr S E N Leonhardsen Mr R Jensen Dr C Grayson Mr G Whitfield Mrs C K Kears Mr J S Waters

The management of the charitable company is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association.

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

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THE CHRONICLE SUNSHINE FUND

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2025

Policies adopted for the induction and training of trustees

All Trustees are recruited based on the skills required and the needs of the charity at that point in time and future plans. We also try where possible to ensure a fair gender balance. All Trustees are asked to complete the appropriate checks in line with the Charity Commission guidelines.

New Trustees will enjoy a full induction programme including time in the office with staff experiencing the organisation first hand and thereafter be assigned an area of responsibility depending on their expertise.

All procedures are in line with the Charity Commission guidelines.

The Trustees manage the business of the charity as per Article 23 of the Articles of Association together with the Charity Director

Statement of trustees' responsibilities

The trustees, who are also the directors of The Chronicle Sunshine Fund for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Risk management

The Trustees have assessed the major risks to which the charitable company is exposed, in particular those related to the operations and finances of the charitable company, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks. Trustee meetings take place face-to-face quarterly using The Chronicle office, and a finance subcommittee meets quarterly in advance of these meetings to carry out the required scrutiny of cash flow and income and provide trustees with status reports.

The trustees' report was approved by the Board of Trustees.

.............................. Mrs H Dalby

trustee

17 August 2026 Date: .............................................

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THE CHRONICLE SUNSHINE FUND

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE CHRONICLE SUNSHINE FUND

I report to the trustees on my examination of the financial statements of The Chronicle Sunshine Fund (the charity) for the period ended 31 December 2025.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Simon Brown BA ACA DChA

Azets Audit Services Bulman House Regent Centre Gosforth Newcastle Upon Tyne NE3 3LS

17 August 2026 Date: ............................

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THE CHRONICLE SUNSHINE FUND

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE PERIOD ENDED 31 DECEMBER 2025

Unrestricted
Restricted
funds
funds
2025
2025
Notes
£
£
Income from:
Donations and legacies
3
65,354
170,276
Other trading activities
4
191,851
-
Total income
257,205
170,276
Expenditure on:
Charitable activities
Raising funds
5
177,666
-
Charitable activities
5
53,989
258,559
Total expenditure
231,655
258,559
Net income/(expenditure)
25,550
(88,283)
Transfers between
funds
(36,147)
36,147
Net movement in
funds
7
(10,597)
(52,136)
Reconciliation of funds:
Fund balances at 1 July 2024
52,102
96,057
Fund balances at 31
December 2025
41,505
43,921		 Total
Unrestricted
Restricted
31 Dec
funds
funds
2025
2024
2024
£
£
£
235,630
108,780
176,334
191,851
113,022
-
427,481
221,802
176,334
177,666
169,031
-
312,548
40,428
110,355
490,214
209,459
110,355
(62,733)
12,343
65,979
-
-
-
(62,733)
12,343
65,979
148,159
39,759
30,078
85,426
52,102
96,057		 Total
30 Jun
2024
£
285,114
113,022
398,136
169,031
150,783
319,814
78,322
-
78,322
69,837
148,159

The statement of financial activities includes all gains and losses recognised in the period. All income and expenditure derive from continuing activities.

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THE CHRONICLE SUNSHINE FUND

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2025

Notes
Current assets
Debtors
12
Cash at bank and in hand
Creditors: amounts falling due within
one year
13
Net current assets
The funds of the charity
Restricted income funds
15
Unrestricted funds
16		 2025
£
5,380
91,332
96,712
(11,286)		 £
85,426
43,921
41,505
85,426		 2024
£
6,785
152,946
159,731
(11,572)		 £
148,159
96,057
52,102
148,159

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the period ended 31 December 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

17 August 2026

The financial statements were approved by the trustees on .........................

..............................

Mrs H Dalby trustee

Company registration number 07035903 (England and Wales)

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THE CHRONICLE SUNSHINE FUND

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2025

1 Accounting policies

Charity information

The Chronicle Sunshine Fund is a private company limited by guarantee incorporated in England and Wales. The registered office is Reach PLC, 2nd Floor Eldon Court, Eldon Square Percy Street, Newcastle upon Tyne, NE1 7JB.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)". The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

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THE CHRONICLE SUNSHINE FUND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2025

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

Raising funds costs are incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Governance costs include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses.

1.6 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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THE CHRONICLE SUNSHINE FUND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2025

1 Accounting policies

(Continued)

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.8 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

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THE CHRONICLE SUNSHINE FUND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2025

3 Donations and legacies

Unrestricted
Restricted
funds
funds
2025
2025
£
£
Donations and gifts
14,207
170,276
Community Foundation endowment grant and dividends
51,147
-
65,354
170,276		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
184,483
3,412
176,334
51,147
105,368
-
235,630
108,780
176,334		 Total
2024
£
179,746
105,368
285,114

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THE CHRONICLE SUNSHINE FUND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2025

4 Income from fundraising events

5

Unrestricted Restricted **Total ** Unrestricted
funds funds funds
2025 2025 2025 2024
£ £ £ £
Appeals 12,797 - 12,797 13,380
Community fundraising 91,843 - 91,843 141,999
Lotteries and competitions income 1,728 - 1,728 1,872
Corporate fundraising 6,654 - 6,654 49,597
Income from fundraising events 191,851 - 191,851 113,022
Raising Charitable Total Raising Charitable
Total
funds activities 2025 funds activities 2024
2025 2025 2024 2024
£ £ £ £ £ £
Wages and salaries 16,845 75,642 92,487 51,390 - 51,390
Events direct costs 60,608 - 60,608 34,346 - 34,346
Insurance 1,084 - 1,084 153 - 153
Trade subscriptions 766 - 766 303 - 303
Travel and subsistence 644 - 644 - - -
Bank charges 55 - 55 55 - 55
Printing, postage and
stationery 2,571 - 2,571 1,559 - 1,559
Accountancy 2,000 - 2,000 - - -
Grant funding of
activities 270 182,917 183,187 1,506 110,355 111,861
Events costs 305 - 305 - - -
85,148 258,559 343,707 89,312 110,355 199,667
Share of support costs
(see note 6) 92,518 - 92,518 79,719 - 79,719
Share of governance
costs (see note 6) - 53,989 53,989 - 40,428 40,428
177,666 312,548 490,214 169,031 150,783 319,814
Analysis by fund
Unrestricted funds 177,666 53,989 231,655 169,031 40,428 209,459
Restricted funds - 258,559 258,559 - 110,355 110,355
177,666 312,548 490,214 169,031 150,783 319,814

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THE CHRONICLE SUNSHINE FUND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2025

6
Support costs
Support
costs
Governance
costs
2025
£
£
£
Wages and salaries
90,372
38,919
129,291
Insurance
208
1,220
1,428
Trade subscriptions
570
3,344
3,914
Travel and subsistence
386
1,546
1,932
Bank charges
10
57
67
Printing, postage and
stationery
457
2,690
3,147
Legal and professional
fees
48
652
700
Licences
467
161
628
Accountancy and
independent examination
fees
-
5,400
5,400
92,518
53,989
146,507
Analysed between
Charitable activities
92,518
53,989
146,507
7
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements
8
Independent examiner's remuneration
Fees payable to the charity's auditor and associates:
Examination of the financial statements		 Support
costs
Governance
costs
£
£
78,760
27,159
29
171
225
1,323
152
891
10
58
277
1,631
266
3,641
-
-
-
5,554
79,719
40,428
79,719
40,428
2025
£
5,400
2025
£
5,400		 2024
£
105,919
200
1,548
1,043
68
1,908
3,907
-
5,554
120,147
120,147
2024
£
4,200
2024
£
4,200

9 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the period.

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THE CHRONICLE SUNSHINE FUND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2025

10 Employees

The average monthly number of employees during the period was:

Employment costs
Wages and salaries
Social security costs
Other pension costs		 2025
Number
5
2025
£
193,195
20,307
8,277
221,778		 2024
Number
6
2024
£
146,980
4,450
5,879
157,309

The Trustees consider key management personnel to be the Trustees and Senior Management of the charity.

The total employee benefits of the key management personnel (as distinct from Trustees who are volunteers) of the charity for the 18 month period were £78,416 [ 2024 - £51,082 (12 months) ].

There were no employees whose annual remuneration was more than £60,000.

11 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

12 Debtors

Amounts falling due within one year:
Trade debtors
Prepayments and accrued income		 2025
£
4,736
644
5,380		 2024
£
2,870
3,915
6,785

13 Creditors: amounts falling due within one year

Notes
Other taxation and social security
Deferred income
14
Other creditors
Accruals		 2025
£
2,876
3,360
10
5,040
11,286		 2024
£
2,872
4,500
-
4,200
11,572

Docusign Envelope ID: CB5B1207-52EC-807A-8273-061310AF5A42

THE CHRONICLE SUNSHINE FUND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2025

14 Deferred income

Other deferred income
Deferred income is included in the financial statements as follows:
Deferred income is included within:
Current liabilities
Movements in the period:
Deferred income at 1 July 2024
Released from previous periods
Resources deferred in the period
Deferred income at 31 December 2025		 2025
£
3,360
2025
£
3,360
4,500
(4,500)
3,360
3,360		 2024
£
4,500
2024
£
4,500
20,002
-
(15,502)
4,500

15 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 July 2024 Incoming Resources Transfers At 31
resources expended December
2025
£ £ £ £ £
Restricted funds 96,057 170,276 (258,559) 36,147 43,921
Previous year: At 1 July 2023 Incoming Resources Transfers At 30 June
resources expended 2024
£ £ £ £ £
Restricted funds 30,078 176,334 (110,355) - 96,057

The specific for which the funds are to be applied are as follows:

Restricted funds have been received by the Charity from funders for ICT equipment, trikes and bikes and other equipment.

In the year there was a transfer of unrestricted funds to restricted funds. This was in relation to unrestricted expenditure used on restricted funding activities.

Docusign Envelope ID: CB5B1207-52EC-807A-8273-061310AF5A42

THE CHRONICLE SUNSHINE FUND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2025

16 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 July 2024 Incoming Resources Transfers At 31
resources expended December
2025
£ £ £ £ £
General funds 52,102 257,205 (231,655) (36,147) 41,505
Previous year: At 1 July 2023 Incoming Resources Transfers At 30 June
resources expended 2024
£ £ £ £ £
General funds 39,759 221,802 (209,459) - 52,102

In the year there was a transfer of unrestricted funds to restricted funds. This was in relation to unrestricted expenditure used on restricted funding activities.

17 Analysis of net assets between funds

Unrestricted
Restricted
funds
funds
2025
2025
£
£
At 31 December 2025:
Current assets/(liabilities)
41,505
43,921
41,505
43,921
Unrestricted
Restricted
funds
funds
2024
2024
£
£
At 30 June 2024:
Current assets/(liabilities)
52,102
96,057
52,102
96,057		 Total
2025
£
85,426
85,426
Total
2024
£
148,159
148,159

18 Financial commitments, guarantees and contingent liabilities

Defined contribution pension scheme

The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £8,277 (2024: £5,879 ).

Docusign Envelope ID: CB5B1207-52EC-807A-8273-061310AF5A42

THE CHRONICLE SUNSHINE FUND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2025

19 Related party transactions

Transactions with related parties

During the period the charity had no transactions with related parties.