REGISTERED CHA NUMBER: 1147435 REPORT OF THE TRUSTEES AND FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR THE SUNNY SKIES FOUNDATION Hartley Fowler LLP Chartered Accountsnts 4th Floor Tuition House 27-37 St George's Road Wimbledon London SW19 4EU
THE SUNNY SKIES FOUNDATION CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page Report of the Trustee5 I to 3 Independent Examiner's Report statement of Financial Activities Balance Sheet Note5 to the Finanaal Statements 7 to 11
THE SUNNY SKIES FOUNDATION REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Repc)thng by aritIes.. Statement of Recommendal Practice applicable to charities preparing their accounts in accordan with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 1021 (effecbve l January 2019). OBJECTIVES AND ACTivrrIES Objectives and aims The purpose of The Sunny Skie5 Foundation is to promote or advan any Purse which is CharItsb according to the law of England and Wales for the benefit of the public principally but not exclLJsivdy by the payment of grants, loans and other payments or the pmvision of iterns and setvices to such organisation or organisations the objetts of which are charitable according to the law of England and Wales as the Trustees shall from time to time think fit. The SLJnny Skies Foundation was established as UK-based charitable trust in December 2011. The obj.erts of the Foundation are deliberately expressed in the broadest terrns, providing ts trustees with the widest mandate to offer and assistance where it is felt to be most needed. Slgnlflcant actlvltles During the period to 31 March 2025 the Foundation reiVed no expendable endowrnents and continued to make donations in accordan with the charitsbie purposes of the Foundation. Publlc benefit The trustees have complied with the duty in section 4 of the Charities Act 2011 to have due regard to public benef guidan published by the Ctrwrities Cornmisson. Grantmaklng In view of the wide range Df objects which The Sunny Skies Foundation is seeking to benef, the trustees give much time to discussing the rnany requests for aid that are reiVed from other charities and as to how the maxirnum benefits might be achieved in tems of the charitys objetts. ACHIEVEMENTS AND PERFORMANCE Charitable activities Summary of the main achievements during the year The Sunny Skies Foundation was able to make chartsble donations of E97,000 in the year. Performance achieved in charitable activities against objectives set The af0MentiOned donatlOll5 enabled The Sunny Skies Foundation to fulfil its obj'ectives. Fundraising activities The Sunny Skies Foundation does not undertake fund raising actiwties. Invertment performance During the year the charty's invesbnents generated income of £138,830. FINANCIAL REVIEW Flnancial position Charities Act 2011 defines gross income to mean the gross recorded income from all urCeS including speci31 trusts. For accounts prepared on an accruals basis gross incorne is the totsl incoming resour as shown in the Statement of Financial Activities (prepared in accordan with the applicable SORPI for all funds but excluding the receipt of any endowment and including any amount transferred to income funds during the year from endowment funds in order to tk available for spending. The gross incoming resources for 2025 were £149,954. The Sunny Skies Foundations rnade Charable donations of £97,000. The d)arity used the expendable endowment fund to cover the net expendure. Investment policy and objectives There are no restrictions on the charivs power to invest. However, the trustees are risk adverse and wll seleLt any investments wh that attUde in mind.
THE SUNNY SKIES FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 FINANCIAL REVIEW Reserves policy It is the Trustees, poliry to retsin capital donations in order to create a sustainable 50urce of incotne to fund charitsble donations. Notwithstsnding this, the Trustees have the power to use captsl reserves to promote the obj.ects of the charty. It is the policy of the Trustees to use surplus incorne generated by The Sunny Sknes Foundation to promote the obj'ects of the charity within a reasonable period of receipt. However, it is the policy of the Trustees to accumulate income in order to be able to make a small number of donatn5 of a asonable size each year. Where The Sunny Skies Foundab"on only generates a small amount of net income, it is the rKJlicy of the Trustees to retain this until SLJfficient sums have accumulated to enable grants of a meaningful size to be made. The expendable endowment fund is available for release into the unrestricted fund at any time, ahOUgh the trustees have tsken the view that, unless there are exptiOnal circumstan, the endowment fund should be retained intart to produce income for the unre5tritted fund for many years to come. It is the policy of the charity to maintain unrestritted funds, which are the free reserves of the charity, at a level which provides sufficient funds to cover SLJPPOrt costs and to respond to application for grants which arise from time to time. Funds in deficit The are no funds In deficit. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The Sunny skn.es Foundation is controlled by ts governing document, a deed of trust ènd (Dnstfcutes an unincowrated charity. The Sunny Sknes Foundation is constituted under a Trust Deed dated 12 Dember 2011. Recruitment and appointment Of new trustees The original trustees were appointed by the Setdors, and future trustees must be aprointed by resdution of the trustees at the relevant time. Oryanisational strurture The Sunny Skies Foundation is governed by a iard of ttvo trustees thosen for their range of skills. It is represented by people with business and management experience. The trustees are primarily reSnSIble for controlling the management and administration of the Sunny Skies Foundation and bear the ultimate responsibility for direcknng the affairs of The Sunny Skies Foundation and ensuring that It is solvent, well run and delivering the d)aritsble outcomes for which The Sunny se5 Foundation has been set up. Related parties The* are disclosed in the note to the financial statements'Rdated Party Transactions,. Risk management The trustees have a duty to identify and rewew the risks to whith the oharity 15 exposed and to ensure appropriate controls are in place to provide reasonable assuranTr against fraud and error. The trustees have a risk management Folicyi which enCOmsSeS financial, operational, legallregulatoryi Strategic and reputation and public interest. There is an annual review of the risks the charity may fa. AhOUgh the charity faces few risks this review has allowed the trustees to identify these risks and set up ne$sary pcdUres.
THE SUNNY SKIES FOUNDATION REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 REFERENCE AND ADMINISTRATIVE DETAIL5 RegiSted Charity number 1147435 Principal address 4th FIoDr Tuition House 27-37 SL George'5 Road Wimbledon Lundon SV119 4EU Trustees R D H3rdv Mrs L T Hardy Independent Examiner Jonaihan Askew FCA Hartley Fowler LLP Chartered Accountants 4th Floor Tuition House 27-37 st George's Road Wimbledon London SW19 4EU STATEMENT OF TRUSTEES, RESPONSIBILThies The trustees are responsible for prep3ring the Report of the Trustees ènd the financial statements in accordance with applicable law and United Kingdom Accounting Standard5 Iunitecj Kingdom Generally Accepted Accounting Prècticel including Finèncial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" The law applicable to charities in England and Wale5, the Charities Art 2011, Ch3rity (Aicounts and Rcportsl Regulations 2008 nd the provi&ons of the trusi de& require5 the tru5tett to prepare flnanclal statements for each financial year whith give • true and fair wew of the State of affairs of the charity and of the in¢oming reswrcts and apicatI)n of re9)urces, indudlNJ the income 3nd expendituro, of the charity for that period, In prepanng those finan¢laJ statements. the tru#ees are reqtRred to select 5Ultable accounting policies and then apply them con5i5tently' observe the methods and principles In the Charity SDRP. make judgements and estimate5 that are reasonable 6nd prudent,. prepare the financial 5taternents on the gDing concern basis unle55 It is inappropriate to presume that the charity will continue In business. The trustees are responsible for keeping proper accounting recnrd5 which disclose with rea50n2ble accuracy at any time thE financial position of rhe charity and to enable theffl to ensure that the financial staletnents comply with the Charities Art 20JI, the Charity (Accounts and Reporls) Regulations 2008 and the provisions of the tru* deed. They are also respon5iblE for safeguarding the assets of the charity and hence for taking reas)nable Steps for the we¥tIOrI and detection of travd and other Approved by order of the board of trustees on 3 Otr Lobf and signed on its behalf by.. D Hardy- Trustee
INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF THE SUNNY SKIES FOUNDATION Independent examiner's report to the trustees of The Sunny Skies Foundation I report to the charity trustee5 on my examination of the accounts of The Sunny Skies Foundation (the Trust) for the year ended 31 March 2025. Responslbllltles and basis of report As" the charfty trustees ot the Trust you are ponSIble for the proparation of the accounts in accordance with the requirements of the Charities Act 20111.the Act'l. I report in respett of my eXamIFthn of the Trust's accounts carri& out undpr Settton 145 of the Act and in carryqng out my examin*ion I have followed all applicable Directions glven by the Charity Commisslon under Seclion 145151{b) of the Act. Independent examine5 statement I have completed my Èxamination. I confirm that no material matters have come Lo my attention in connectic>n with the examinatior) giving me cause to believe that in any material respect,, accounting record5 were not kept in respect of the Trust as required by Section 13Q of the Act,. or the accounts do not accord with those records; or Ihe account5 do not comply with the applicable requirements concernin9 the form and content of accounts set out in the Charities (Accounts and Reports) Reguldtions 2008 Dther than any requirernent that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have corne across no other matters in connection with the examinabon to which attentlDn should be drawn In this report in order to enable a proper understandin9 of the accounts to be reached. Jonathan kn FCA Hartley Fowler LLP Chartered AccoLJntants 4th Floor Tuition House 27-37 st George's Road Wimbledon London SW19 4EU 9 October 2025
THE SUNNY SKIES FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 2025 Total funds 2024 Totsl funds Unrestrirted fund Endowment fund Note5 INCOME AND ENDOWMENTS FROM Donations and legacies 11,124 11,124 Inve5trnent income 138,830 138,830 56,053 Total 149,954 149,954 56,053 EXPENDThURE ON Charitable activities Charitable giving 98,932 98,932 137,100 NEf lNCOMEI(EXPENDITURE) 51,022 51,022 181,047) RECONCILIATION OF FUNDS Totsl funds brought forward 18,907 3,134,996 3,153,903 3,234,950 TOTAL FUNDS CARRIED FORWARD 69,929 3,134,996 3,204,925 3,153,903 The notes f¢MTh part of these financial statements
THE SUNNY SKIES FOUNDATION BALANCE SHEET 31 MARCH 2025 2025 Total funds 2024 Total fund5 Unrestricted fund Endowment fund Noie5 CURRENT ASSETS Debtors Cash at bank 29,888 41,913 29,888 3,176,909 29,798 3,137,029 3,134,996 71,801 3,134,996 3.206,797 3,166,827 CREDITORS Amounts falling due within one year (1,8721 11,8721 IL2,9241 NET CURRENT ASSETS 69,929 3,134,996 3,204,925 3,153,903 TOTAL ASSETS LES5 CURRENT LIABILITIES 69,929 3,134,996 3,204,925 3,153,903 NET ASSETS 69,929 3,134,996 3,204,925 3,153,903 FUNDS unre5trictd fund5 Endowment fund5 69,929 3,134,996 18,907 3,134,996 TOTAL Fuf4DS 3,204,925 3.153,9Q3 The financial 5tstements were approved by the Board of Trustees and authorised fcjr IUe Dn were Signed on its behalf by: and R D Hardy - Trustee The notc5 form part of those financial statements
THE SUNNY SKIES FOUNDATION NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 GENERAL INFORMATION The charity is a UK-ba5ed charitable trust. The address of its registered office is 4th Floor, Tuition House, 27-37 St George's Road, Wimbledon, London SW19 4EU. The registered numLEr of the charity 1$ 1147435. The financial information presented is for the year ended 31 March 2025 and 31 March 2024. The financial information is presented in steding. ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charity, which is a public Ikneffc entty under FRS 102, have been prepared In accordance with the aritIeS SORP (FRS 102) 'Accounting and Reporting by charles.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance wh the Financial RertIng Standard applicable in the UK and Republic of Ireland (FRS 102) {effecknve l January 20191., Financial Reporting Stsndard 102 'The Financial Reporting Stsndard applicable in the UK and Republic of Ireland, ènd the Charities Act 2011. The finèncial statements have been prepared Ljnder the historical cost convention. al Preparation of the accounts on a going cOnrn basis The trustees consider that there are rK> material UnIntleS about the charity's ability to continue as a going concern. In future years, the key risks to the charity are a fall in income. The trustees have a series of measures to control, Mlgate and rninirnise the effects of a fall in income, induding a prudent reserves poliry. Financial reporting Standard 102 - reduced disclosure exemptions The charity has taken advantage of the following disclosure exemption in preparing these financial statements, as perrnitted by FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland,: the reqU1ments of Section 7 Ststement of Cash Fk>ws. Income All income is recognised in the Statement of Financial Attivities On the charity has entidement to the funds, is probab that the incorne will LE reiVed and the amount can be meared reliably. Charities Art 2011 defines gross income to mean the gross recorded income from all Sou$ including special trusts. For accounts prepared on an accruals basis gross income is the total incoming resources as shown in the Statement of Financial Activitie5 (prepared in accordance wh the applicable SORPI for all funds but excluding the receipt of any endowment and including any amount transferred to Income funds during the year from endowment funds In order to be available for spending. The folk>wing specffic policie5 apply to the categories of income.. i) Donab"ons are recognised when the tharty has been notified in writing of bjth the amount and settlement date. ill Interest on funds held on deposit is included when reIvae and the amount can be measured reliab by the charity- this is normally upon notificab.on of the interest paid or payable by the bank. Expenditure Liabilities are recogni5ed as expendUre as soon as there is a legal or constructive obligation committing the charity to that expenditu, is probable that a transfer of economic benefits will be qUired in setuement and the èmount of the obligation can be measured reliably. Expenditure is accoLJnted for on an accmals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be direttty attributed to particular headings they have been alloKated to activities on a basis consistent wh the use of resourtrs. Grants offered subj* to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. Charitable artivities Charitable expenditure comprises those costs incurred by the charity in the delivery of its artivities and seNices for beneficiaries. It includes both costs that can be allocated to such activities and those costs of an indirert nature ne55ary to support them.
THE SUNNY SKIES FOUNDATION NOTES TO THE FINANCIAL sfATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES - continued Governan costs Governance costs include those costs included in the governan of the charity and comprise the pr(KJuttion of the statutory accounts. Taxation The charity is exempt from tsx on its charitable activities. Fund accounting Unrestricted funds can iE used in aCcOr(kn wh the charitable objectNes at the discretion of the trustees. Restrirted funds can only be used for paCUlar restritt&l purrM)ses within the objects of the charity.Restrirtions arise when specified by the donor or when funds are raised for particular restritted purposes. The expendable endowment fund repsernts the donated capitsl of the charity and is invested to produce the income comprising the unrestrirted fund, from which the grants in furtheran of the charity's objects are paid. Further explanatK>n of the nature and purpose of each fund is included in the notes to the financial statements. Cash at bank sh at bank includes bank deposts and short term high liquid inve5trnents wfch a short rnaturty of three months or less frorn the date of acqui51tion or opening of the deposit or similar account. Debtors Trade and other debtors are recognised at the setdernent arnount due. Prepayments are recognised at the invoiced cost prepaid. Creditors Creditors are recognised when the charty has a present obligation resulting from a past event that will protblY result in the transfer of fund5 to a third party and the amount due to sethe the obligation can be meared or estirnated reliably. Creditors are nomially recconised at the setuement amount. Financial instruments The charity only has financial instrurnents of a kind that qualify as basic financial instrurnents. Basc financial instruments are inib.ally cOgnised at tonsattion value and subsequently measured at their settlement value. Impairment A55et5 not rneasured at fair value are reviewed for any indication that the asset may be irnpaired at each balan Sheet date. If such indication exists, the recoverable amount of the asset, or the assevs cash generating unit, Is estimated and compared to the carrying amount. Where the carrying amount exc*ls its recoverable amount, an impaiment loss is recognised in proff( or loss unless the asset is carried at a revalued amount where the imlrMent Ioss is a revaluation decrease. INVESTMENT INCOME 2025 2024 Dewsit account Interest 138,830 56,053
THE SUNNY SKIES FOUNDATION NOTES TO THE FINANCIAL sfATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 GRANTS PAYABLE 2025 2024 Charitable giving 97,000 135,000 The totsl grant5 paid to in5btutions in the year was as follows.. 2025 2024 Macmillan Cancer Support Plan International Dec Middle East Humanarian Appeal Greenhouse Swrts Trussel Trust Richmond Borough Min Child ALJtism UK Unlf UK Conrn Wodd%vide Dementiè UK Crisis Arnnesty International Shelter Salvation Army CAFOD The Richmond Charitie5 Vineyard Community Cent Richmond Fo(KJbank 20,000 30,000 20,000 10,000 10,000 5,000 2,000 20,000 20,000 10,000 10,000 10,000 io,Doo 10,000 10,000 10,000 10,DOO 10,000 5,000 Totsl 97,000 135,000 TRusfEES' REMUNERATION AND BENEFITS There were no tru5tees' remuneration or other benefts for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees, expenses There were no tWStees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Endowment fund Totsl fLJnds INCOME AND ENDOWMENTS FROM Investment income 56,053 56,053 EXPENDThURE ON Charitsble artivitles Charitable giving 137,100 137,100 INCOMEI(EXPENDITURE) Transfers between funds {81,0471 81,047 181,047) {81,047) Net movement in funds {81,047) 181,047)
THE SUNNY SKIES FOUNDATION NOTES TO THE FINANCIAL sfATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTivrrIES- continued Unrestricted fund Endowment fund Totdl funds RECONCILIATION OF FUNDS Totsl fund5 brought forward 18,907 3,216,043 3,234,950 TOTAL FUNDS CARRIED FORWARD 18,907 3,134,996 3,153,903 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Prepayments and accrued income 29,888 29,798 CREDThORS: AMOUNTS FALLING DUE WThHIN ONE YEAR 2025 2024 other credfco 1,872 12,924 MOVEMENT IN FUNDS Net movement in funds At 3113125 At 114124 Unrestricted funds General fund 18,907 51,022 69,929 Endowment funds Expendable endowment fund 3,134,996 3,134,996 TOTAL FUNDS 3,153,903 51,022 3,204,925 Net movement in funds, included in the ave are as follows.. Incorning resour Resources expended Movement in fund5 Unrestricted funds General fund 149,954 (98,9321 51,022 TOTAL FUNDS 149,954 (98,9321 51,022 -i(k
THE SUNNY SKIES FOUNDATION NOTES TO THE FINANCIAL sfATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 MOVEMENT IN FUNDS- continued Comparatives for movement in fund5 Net movement in funds Transfers between fund5 At 3113124 At 114123 Unrestricted funds General fund 18,907 (81,0471 81,047 18,907 Endowment funds Expendable endowment fund 3,216,043 (81,0471 3,134,996 TOTAL FUNDS 3,234,950 (81,0471 3,153,903 Comparative net movement in fund5, included in the aLM)ve are as follows.. Incoming resour ReKJurces expended Movement in funds Unrestrlrted funds General fund 56,053 1137,1001 {81,047) TOTAL FUNDS 56,053 1137,1001 {81,047) Expendable endowment fund This fund represents the donated capital of the charty and is Invested to produ the income comprigng the unrestrirted fund. Conversion of endowment funds to income is to fund grants in futherance of the tharty's objects payable. io. RELATED PARTY DISCLOSURES During the year the trustees donated £11,124 (2024 £nill to the charty. At the year end the Foundation owe5 the trustees £nil 12024.. £11,124) in respett of tharitable expenditure paid by the trustees on Ihalf of the Foundab"on.