REGISTERED OIARftY NUMOEIL. 1147435 REKIRT OF THE TRusfEES AND FINANCIAL sfATEMEMrs FOR THE YEAR ENDED 3114ARCH 2024 FOR THE SUNNY SKIES FOUNDATION Hartley Fowler LLP thartered knwntsnts 4th Fknor TUth" Hse 27-37 st Gew's Ro1 WIM London SW19 4EU
THE SUNNY SKIES FOUNDATION CONTENTS OF THE FINANCIAL sfATEMEp¥rs FOR THE YEAR ENDEO 31 MARCH 2024 Page I to 3 Independent Examlnorfj Rqport stst•m•nt of FlnandJl A¢tl¥ltleB Bal•n Sh•at Not•• to the Flnanclal *atemonts 7 to 11 Dqtsll•d Stat•mefttof Flnanclal Actbvltbe 12
THE SUNNY SKIES FOUNDATION REKIRT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trustrs psent thelr port with the finanaal 5tstements of the charity for the year ended 31 March 2024. The trustees have adopted the provisirms rA ACCnting and Reporting ty Charitie5'. Ststement of kecommend2d Practi applicable to charioes preparing their 6ca)unts in aOrdat wbth the Finondal Repon9 Standard app.{0b In the UK and RepLknllc ol Ireland IFRS 1021 leffectfve l January 20191. OBJECYIVES AND ACTIViTtES Objectives and aim5 The purpMAe of The Sunny Skies Fwndètlon Is to promote OT athance ary purpose whlch 15 tha1+tsb accordlng to the law of Engla and Wales for the benefit Df the publlc prfnClpaI bul not exclustvety by the payment of gr•nts, loan5 and otr payrnents or the prOvIOn of Items and seNte5 to sh oryanisaU¢n or organisad$ the objects d whlth are charltsb ardIng to the law of Enoland and Wales as the Trues shall from time to tlrne thlnk fit. The Sunrbv Sks Foundatkjn wa5 establlshed as UKlsed charftabte tswst In Decemter 2011. The object5 11 the are ellberalely expressed In t1 broadÉst temi provldlrvJ Its trustees with the uAde5t mandate to offer ald asslslaKe Is felt to be most needed. SlgnSncant actlTAtI During the period to 31 March 2024 the Founda¥ no expendable endowments aTrJ continued to make dLwt6Jns In Jance wlth the tharItae purpose5 cl the Foundatkfi. Publlc bon•fflt The trustees have cornpll&J b¥lth the duty In secuon 4 01 the ChariJe5 kt 2011 to he regard to public benent guidarKe publlshed by the CharlUES COMMIS. Grnntmawng In vlew of range of cèlects tch The Sunny Sk5 Foundatyon Is 5eeklng to benefft, the trustees glve much to drUs51nq the many requests for ald that are recdved fr(%n other charfbes and as to how the r(px1HJm bwents mlght be athle¥ed In tern of the tharfty's cl)lects ACHIEVEMENT AND PERFORMANCE Charitsble actlvl¥•s Summary ofthe main athlevements durlng the y1 The 9Jnny Skles Foundauon was able to Make charilabk donattffjs of £135,orKJ In year. PerforniJn¢e achleved In charlt4ble xtlvltles agalnstobJectlveB Mt The aforementioned donations enaed The Sunny S'c5 FOUndaOn to fulfil Its obcilves. Ful0n9 llLtMtI•s The Sunry Skie5 ndatIn dces not undertake fuTrJ ralsvJ a¢ttthts. Investment performJncÈ Durfng the year the chartys Investhnts generaied I¢Kome of £56,053. FfllANCIAL REVIEW Financial position Charives Act 2011 defines gross Income to mean the gross cordl Income from all source5 indudlTWJ spedal trusts. For accounts prepared on an accruals basls gross income s the total incomlng resources as shown In the Statement of Finaroal Acthiues Iprepared In aCcOrdae wth the aw)licable SORPI fttr all fund5 bui exdL¥ding the ceIpt of afty endownnt and including anv arnaunt traA5ferred to inc¢yne fund5 durfng the year frotn eowt funds In order to be avalkble for 5pendSng. The gross Sncoming resour for 2024 were £56,053. The Srry Skies FounOn5 made charltable donaucrts of É135,000. The thJnty v5ed the expendate eTrJowrnent ftjnd tr) cover tr net exndIture. In¥e5tmwrt policy and objectives There are no re5trlctions on the charlty's PCY*ver to Inv& H¢Mkver, the tru¥(5 are risk adverse and vlll selett any 1rNeStEnts wlth that attitLKle in rnind.
ThE SUNNY SKIES FOUNDATION REPORT OF THE TRusfEES FOR TrIE YEAR ENDED 31 MARCH 2024 Reserves policv Lt 15 the TTLLStees' pc4y to retsin capttal dab"On5 order to opate a 5uslalnaL4e source of Income io fund chartEab donatK)rt%. Nthtlthndlro th, the Tru5te89 Iiave the PUver w use catal Te5erves to prornote the objects Lrf the cl44rfty, It is the pdlLy the Tru5tee5 to use surplus Inco generated by The Sunny Skles FoundatK)n to promote the object5 d the tharfty wthin 3 Teasonable perkjd of rlpt. However, It the poliry or the Trustees to acoJmate irKome In order to be able to make a small number ol donations of a reasonable slze eath year. Where The Sunny Skies Fovndab"on onty generares a small arUnt of rt income, it & the pcliq of the Trustees to retsin this untll sufflaent sums have accumulated to enab grants of meaniwfvl SI to bc made. The expendabk fvnd 15 milable for rekne Inro the unrestrfcted funé at any brne, althouth the truths have tsken the vthv that, eSS there are exceptlonal circurnance, the endovm)ertl fijnd should be retsId Intact to produ Ir(orne for the unrestricted fund for rnany years to corne. It 15 the polty of the charity to rnalntsin unrethtted knds, are the free reseNes of the tharfty, at a 1 whith provkjes sfftnt funds to cover sUPPOrt Costs and to res lo applKation for grnnts th'ch artse fr(m ttme to tlTh. Funds In d•fidt There are funds in def STRUCTUR¢ GOVERNANCE AND 14ANAGEMENT Govemlng docum•nt The Sunny Sks FouTrJation Lg cortrdled by its governlng docum¢ a deed of tru# and constttutes an unln¢owai8J chorty, The Sunry Fwndattsn constituted under a Trust Deed dated 12 DeMtr 2011. R•Erultm•rt and •ppoSntrnent of new trurteos The orbglnal tru&S We apInted by the SeLtJors, and future trwtees mu be app&nted ty r&UuC of the trustees & the relevanl tkne. Org•nls•tloMI JtruLtsre The Sunny Skies Foundation Is govemed by a boarij of tru5tee5 cmsen for ihelr rarwje of skllls. It Is retreted by people with buslness and rnanagemert experience. The trustees arE prtmarlly resEDnyble fLY controlllng the management and a¢lmini5tratlon of the Sunny Skle5 Foundation and bear the ultimate respon5it41ity for dlreciing the affairs of The Sunny Skles Fwn<lation and enswiry that it is sofvent, well run and deli¥erlng the charitakAe outcornes for whkh The Sunny Skies Foundayon has been set up. Rolated p¥tl These are dlsck)sed In the ThAe to the finandal staternents'Relaied Party Transactlons,. RIAk managemènt The tn&ees have a duty to Identsfy and revlew the risk5 to whlch the charfty is exkvsed and to ensu appropr1 ore In Pla to tNDvlde reanale assurnrte agalnst fraud and er. The truths have a rl* managernent pdtr, which erKornp3sses finanoal, OFeratK)nal, gaIIre9UlatOry, strategk and pUtat)n and publK interesL There Is an annuol rewew of the the tharfty rnay face. kngh the tharity faces few risks thls review has allfftd the truths to Klenbfy these and set up necessary predUres. REFEftEN AND ADMINIRATIVE DEfAILS Reglstered Charity nurnbur 1147435 Principal address 4th Fl(k)rTuitbn House 27-37 St fw's Road Wmbled LoThlor7 SW19 4EU
THE SUNNY SKIES FOUNDATION REPORT OF THE TRiISTEES FOR THE YEAR EMDED 31 MARCH 2024 R D Hardy Mrs L T Hardy Ind•p•ndent Examiner Jonathan Askew FCA Hardey Fowler LLP Chartered Accountsnts 4th Fk*)r Tuf(k)n House 27-37 St Georye's Road Wimtledon London SW19 4EU Approved ty order ¢Y the board d trLthes on 23 January 2025 and signed on Its behalf by.. R D Hardy- Trustee
INDEPENDENT EXAMINER'S REPORT TO THE TR115TEES OF THE SUNNY SKIES FOUNDATION Independent •xamine¢s rep(xtto the trurtees otThe Sunny Skies Foundation I report to the charity trustee5 on my exarnlnation Il the accounts of The Sunny Skie5 F)ndation TrLStI year eed 31 March 2024. Rwnslbllltlqg and IJH515 of As drty trustees or the Trust ycu a respons1 fly ihe preiraOn of the xcounts in accordance wth the reojlrements of the Charities Art 2011 Ilhe Acrl. I ret in resped cl my eKamlnatlon d the Tru5Vs accc¥Jnts carried under Sethon 145 rf the ALt and h carrylng out my examinaiion I hove fclowed all applicable Direthons gNen by a)arbty ComL5slon Lwwjer Sectbn 14515)(b) of the kt. Independent examiner'$ stthm4nt I have CDnWeted my examInaUc. I confirrn that rK) materfal mattErs Ive cryne to my atterticfi In connecilDn wlth the examlnaJon glvlng me cause to belleve that in any material Spect.. actounung records were rt ke0 in re4)ert cl the TrLSt as requlyed by Section 130 cl the Act. c the accounts do not accord th those record5, ( ac£ounts (SJ not comly vthth apF41cat4e requirements ConmIj the lorm and ccrtent af accwnts set oul In the {Jarlt5 IAccDunts and Reports) RegulatTrs 2008 fther than ary requlrement that the accounts gNe a true and falr ew whlch Is nc* a Matter COndered as part ol an lThJependent eydrn1nat. I have no concerns and have come arr055 ro other rnaiters In connectKJn th the exarnlnabc to attert) be drawn in thls reFX)rt In cyder to enab a priyr undersianding d the acccthts to be reached. Jonathan Askew FCA Hathy Fovler LLP Chartered Accountants 4th Fknr Tuldon Hou 27-37 st George'5 Road LoTr4on SW19 4EU 23 January 2025
THE SUNNY SKIES FOUNDATION srATEMENT OF FINANCIAL A1v[riEs FOR THE YEAR ENDED 31 MARCH 2024 2024 Totsl funds 2023 Totsl furKIs Unrestrfct8J fund Endowment fuThJ Nctes INCOME AND ENDOWME14TS FROM In¥estmert Income 56,053 56,053 18,907 EXPENDrnJRE ON Charltable arti¥itieg CharftaLle gMn9 137,100 137,100 21,680 NEf INCOMei(EXPENDmiRE) Trnngfers between fvnds (81,047) 81,047 181,047) (2,773) {81,0471 Mov0nt In fun 181,0471 181,0471 (2,773) RECONCIUATION OF FUNDS Total fund5 broht fcmrd IB,907 3,216,043 3,234,950 3,237,723 TOTAL FUMDS CARRIED FI)RWARD 16,907 3,134,996 3,153,903 3,234,950 The note5 fom) p3rtof these financk4 statanaits
THE SUNNY SKIES FOUNDATION BALANCE SHEEr 31 MARCH 2024 2024 Total funds 2023 Totsl fi1lS Unresth(ted EThJowment fund fijnd CURRENT ASSETS Debtor5 sfi at bank 29.798 3,137,029 2,033 3,134.996 3,245,774 31,831 3,134,996 3,166,827 3.24S,774 alEDORs Amunts lallln9 due wthln one year (12,9241 (12,924) (10,824) NEf CURREMT ASSErs 18,907 3,134,996 3.153,903 3,234,950 TOTAL ASSETS LESS CURRENT LIA8ILfTIES 18,907 3,134,996 3,153,903 3,234,950 P4Ef ASSErs 18,907 3,134,996 3,153,903 3,234,950 FUNDS Unrerkted lunds ETrjoWt f)d5 18,907 3,134,996 18.907 3,216,043 TOTAL PUNDS 3,IS3,903 3,234,950 The finandal Statellr were appThed by the Fard of Trues aTrl authorised for LswE on 23 January 2025 ¥*re SJned on ts tehaK by: R D Hardy- Trustee Thp nutes funn part of finanaal Staterflts
THE SUNNY SKIES FOUNDATION NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENlD 31 MARCH 2024 GENERAL INFORMAT1014 Tne charty Ls a UK-based charitatAe tru The add$5 of ts registered offlce 4th Hoor, Tultion House, 27-37 St c(,$ Road, WImbd0n, LCd SW19 4EU. The reglstered numtrer of the charty is 1147435. The finanaal inforrnauon Is for the year ended 31 March 2024 and 31 March 2023. The flnandal inf0MtK)n is esented In steding. ACCOUNTING POLICIES Bas55 of preparbng th• flnanctal 5tat•fflents The finarla1 statements of the chjdty, which is a publlc benefft enlty under FPS 102, have been prepared in a¢xordarte th tre Charrtle5 SCIiP IFRS 102) 'AccounUr¥J ReporbThJ by Chath: Stsltement of RecrynmeThJed Pr6th appliCate to charities preparing their accounts In accordance the Flnanual Reportlng Standard applicatrAe in the UK and Republic of Iland IFRS 1021 leffethve l January 20191,, Flnanclal Rep¢rtlng Stsndard 102 The Financial Re)rtI standard applICab in the UK and Republic of IrelarKJ' and the charle5 Act 2011. The flnandzl ststements have beon prepared uThJer the hlskncal Cost corNentson. a) Preporation d the accounts cfj o golng conrn baas The trustees conshr that there are no rnalerlat ertaIneS at&)ut the th3rfty'5 Jt41Ity to continue as a wng Crn. In future year5, ihe key rfsks to the tharty are a fall In income. The truaees have a 5des cl rneaswes to contrd, tigate and minirnlse effects of a fal In Intludlng a prudenl re%Nes pdty. Hnancial reportlng Standard 102- reduc•d dIO9re •x•mptlonB The charfty has taken athantage d the fdlowlr9 dlsclosure exemption in prepartng these flnandal >AteMts, as perrnltted by FPS 102 Fin641 Reporting Stala appllcable In the UK Republlc of IreLind': the reqUIrennts of Secuon 7 Ststeffmt cl Cash How Income Al Income Is re¢oJnlsed In the Stemert of FInal Acuvbles the tharlty has envtkment to the funds, It L5 Yobable the Income will te recefved and the amount can be rneasured rdlabty. (Jadtles Act 2011 deflnes gross Income to mean the gross reccded Incorne from all sour$ spedal trusts. For acccrtjnts prepared on an accruo15 baS gross income Lq the total incomlng reSj$ as Sn in the %atennt Fln•nclal tltIeS (prepared In accordan the applicable SOAPI for all funds Ixrt excludlng the recelpt of any endowrnent Including any arnount tran4ened to incrrne fund5 durty the year Irom endowment funds in order to te avallable for 5perKIiry. The fc4k1ry spedflc polkks to the categorles ol IOrne, i) t)onalicffj are recagnlsed when the chjrlty has been noiined In wntlng of the anurt and sethement date. th) Inte5t on funds held on depOt Is Indudeil %then rece+vable aN1 the arnOt can be measur8J reliabw by the chorty,. this Is nom)aly un TrXftattDn of the interest paid or pa¥ae by the bank. Expendlturn Uatmlilies are recognlsed a5 expet%bJre as soon as there Is a lega or constructfve obligatlon comrniiting the charity to that exFendlture, r( Is probab that a transfer of econthc benofits will te required in seWeTrEnt and the anp)unt of the otlSgatlon can be rrta5ured rellabty. ExFenditure Is accounted lor on an accruals basls and has been dasyfied under headirMJs that aggregale all cost related tr) the category. Where costs cnOt be directty attributed to patticular headiTrJs they have been allocated to actmties on a basis con5i5tent with the use of rwurces. Grants cffered 5ubieci to corvJStlons whth have teen Thet at the year end date are noted as a cc(nm1tmert not crwd J5 exFendthre. Charftsble athities charitae eynditure comprlses those costs iUrred by the charity in the deNvery cl ts aCtfves and sendS f its benefiaarie5. It Include5 1Tr2th c% that can be aifocated io swh actyvrts atTrJ t1 cu5ts cl an lTrJirect ItUre rSsary to supr¥Jt them.
THE SUNNY SKIES FOUNDATION NOTES TO THE FINANCIAL ATEmENTS- continued FOR THE YEAR ENDED 31 MARCH 2014 ACCOUNTING POLlCtES- continued Go¥ernanc• cojts CWernan cots knduje those co#s Ind1 In the govemance El the charity and comprise the produthon of the ststutory accounts. Thxatlon The charity is exeffyt frthn ta% on Its chlble attjvltte Fund Kcountlng Unrestrfcted fLiTrJs can be used In the charitable obpcuves at the din of fv truths. Reth"cted funds can onty be used for parucdar restricted purptsses wtlin the objects d the charty,Rertrfcilon5 arfse when speofEd by the dcffjor or when fund5 are Trised for partkular restrkted purrN)ses. The expendable eTrJowment fund rewe5erts the donated caital cl the charlty and b Inve&ed to wodutt the Income comprising the unrerfLted fuTrJ, Irorn the grarts In further0 of the (haTY'S iJJects are p&d, Further exF4aMtion of the Thure and putp)5e of eath fund & Iuded sn the ncies to the nnbndal stateDnts, Cnsh at bjnk Cash at bank StKludes bank deposts and short tem hlghty Ilquid investments a short matLYIty cl thrtt Trrt)nths or from the date of acquiylion or OFoniryJ cl the depos or slmllar a¢. Trade aThJ other debtcKs a reccgnlsed at the setdement amount due. ppayMents are recojnlsed 3t the Invcted co prepaid. Creditors Credltors are recognL8ed when the tharlty has a present Obliga¥ reIlIng from a past event that 11 probabty result In the transfer of funds to a Ihlrd party and the amount due to seiye t obllgatyon can ffaSured c estlmated relatly. Creditors are ncmalty recoJnlsed at 5eitJanenl amount. Fln•ncl81 InstNments The chatY onty has nnancial inSthJEnts of a kind that qualify as baslc finanaal IrLStruments, BaC flnandal 1ments are inits'aly rrfognised at tran5Ktlon value Jnd subsequertty measured al thelr Settment w3lue, Impalrmert Assets not measured at falr value are revle for any Indication that asset may te Impalred at each balan sheel date. If such 1nelokn. exlsts, the recoverable arnJJnt of asseL cy the assevs cash gereratirwJ unlL Is eStIk?ted and compared t¢ carNng amounr. Where the carrylng amount exceeds ts recoverotle amount, an thpolrment loss Ls recc¢Jnlsed In profil lass unless the asset Is carried at a revalued anv)unt ithere the Impalmient bs$ 15 a revakwlth decrease. INVESTME INCOME 2024 2023 Depos account Inte 56,053 18,907
THE SUNNY SKIES FOUNDATION NOTES TO THE FINANCIAL sfATEMENTS- contlnued FOR THE YEAR EMDED 31 MARCH 2024 GRANTS PAYABLE 2024 2023 aritable gfvlThJ 135000 20,0 The total grants pakl to iThsbtutior6 In the year was as fc4bws'. 2024 2023 Woking and Sam Beare Hos Macmillan Canr 9Jp C0M Worthlde tmentla UK Olsls Amnesty Internaywal Shelter &ifvation AY CAFOD Unicef UK The Fuchmond Chaffths neyard Communlty Centre Rthrrond Fckbank lo,(0 LO,30 20,000 10,OCSD 10,ODO 10,000 10,000 10,000 10,000 io,ooo 10,000 io,ooo 10,000 5,000 Total 135,000 20,CrJ] TRumtS' REMUNERATION AND BENEFrrs The no trustees, remurtraU or cther benefits for yr ended 31 Mh 2024 nor the year td 31 Marth 2023. There 4sYre Tr) tmsteeg experw palj for t1 year ended 31 March 2024 the year ended 31 Marth 2023. C(X4IPARATIVES F¢JR THE STATEMENT OF FINANCWACTIVITIES UnstrIded fvnd Endowment fund Totsl funds INCOME AND ENDOWMENTS FROM Investment Income 18,907 18,907 EXPEP4DrnIRE (X4 Charitsble actl¥lti Cknritable glvlng 21,680 21,680 MEf INCOMEI(EXPENDrruRE) Trnnsfers between funds 12,7731 21,680 (2,7731 121,6801 Net movement in funds 18,907 (21,6801 12,773) RECONCILIATION Cf FUNDS Total fvnds brought foThv&d 3,237,723 3,237,723 TOTAL FU14DS CARRIED FORWARD 18,907 3,216,(H3 3,234,950
THE SUNNY SKIES FOUNDATION NOTES TO THE FINANCIAL sfATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 DEsfoRS: AMouTrifs FALUNG DUE WITHIN ONE YEAR 2024 2023 Prepayments and actrfftd Incune 29,798 CREDITORS: AMOUNTS FALLING DUE WThHXN ONE YEAR 2024 2023 Ilher credf(trs 12,924 10,824 MthEMENf IN FUNOS Net movement In funds Transfers tthen funds At 3113124 At 114123 UnregtrIct fuftdg General fund 18,907 181,047) 81,047 18,907 EndJwm•nt fund• Ey¢nOable endowment fund 3,216,C43 181,0471 3,134,996 TOTAL FUNDS 3,234,950 181,047) 3,153,903 Net Mrnent In funds, IncIed In trt above are a5 folows: Incoming resources Resour eypended Movement In fuTrJs Unr¢•trlct•d fundj General fun 56,053 {137,ICn) 181,0171 TOTAL FUNDS 56,053 1137,LOO) {81,047) coMr4dVe1 for mv4qment In fund Net movement In furKIs Transfers between funds At 3113123 At 114122 Unrestricted funds Genernl fu (2,773) 21,680 18,907 Endowmertfvnds EXpendae eThlowrnent fimd 3.237,n3 (21,6) 3,216,043 TOTAL FUNDS 3.237,723 12,7731 3,234.950 -i(
THE SUNNY SKIES FOUNDATION NOTES TO THE FINANCIAL STATEMEf4TS- contlnued FOR THE YEAR ENDED 31 MARCH 2024 MOvEMEr IN FUNDS- ¢ontlnued coMparae rt n1)vent In furKls, Induded In the atthe a a5 foNow5'. Incoming resources ResOUrS Movement expended In funds Unrertrftted fundj General 18.907 (21.6KI) 12,773) TOTAL FUNDS 18,907 121,680) 12,773) Exp•ndable endiwfftentfund Thls fund rePrets the donated capltsl of the charty and Is Imiested to prertlu the IrKorne rcthprfs5ng the unrethcted lund. Convers1{ of eTrJoNment funds to Income Is to fund grants in furtherance of the charS objects pae. 10. RELATED PARTY DISCLOSURES At the year end the F(stn ¢yMe5 Lhe trustees £11,124 {2023'. £9,IHI in respect of oxarhtable eypendItU pald ty the trts*ees cr behal of the Founda1.