**REGISTERED CHARITY NUMBER: 1160717**
## Report of the Trustees and
Unaudited Financial Statements for the Year Ended 30 June 2025
for
Golden Sunset Trust
S R Renvoize Ltd 1 Arwela Road Felixstowe Suffolk IP11 2DG
Golden Sunset Trust
Contents of the Financial Statements for the Year Ended 30 June 2025
||Page|
|---|---|
|Report of the Trustees|1 to 3|
|Independent Examiner's Report|4|
|Statement of Financial Activities|5|
|Balance Sheet|6 to 7|
|Notes to the Financial Statements|8 to 15|
|Detailed Statement of Financial Activities|16|
Golden Sunset Trust
Report of the Trustees for the Year Ended 30 June 2025
The trustees present their report with the financial statements of the charity for the year ended 30 June 2025. The trustees have adopted the provisions of 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**
## **Objectives and aims**
The objects of the trust are the relief of poor aged or infirm persons by the provision of housing accommodation or other necessary care and attention in assisted units or homes for residential care or otherwise. The trust currently aims to achieve this by means of grants to organisations whose aims meet these objectives.
## **Public benefit**
The trustees have complied with their duty to have due regard to the guidance on public benefit published by the commission in exercising their power or duties.
## **ACHIEVEMENTS AND PERFORMANCE**
## **Charitable activities**
In the year to 30th June 2025 the trust has continued to fund two Pastoral Care Workers for Hope Trust. We continue to be encouraged by the support given to Hope Trust by volunteers coming to them with the pastoral care work.
Hope Trust (CIO No 1159866) seeks to provide relief to older people through the provision of practical and spiritual support, help and advice and also to benefit older people in residential or care homes by the provision of a monthly service. In this year a grant of £43,280 was made.
Walton Parish Nursing (CIO No 1151953) employs nurses offering holistic (including spiritual) care, who refer clients to other agencies, make health assessments, give advice, provide advocacy, offer support in times of illness and stress.They also provide post-operative care, bereavement support, leg care and chair-based exercise classes run by volunteers. In this year a grant of £3,000 was made.
In this year a grant of £6,000 was made to Capel Parish Nurses (CIO 1173638) which provides Parish Nurses to assist in the relief of sickness and the preservation of health, in accordance with a Christian ethos, among people residing permanently or temporarily in and around Capel St Mary, Ipswich, Suffolk.
## **FINANCIAL REVIEW**
## **Financial position**
The main source of income is the income arising from its investments, £26,245 At the end of the accounting period, the reserves were £919,345 (2024 - £945,313). The amount expended on grants during the year was £52,280 (2024 - £50,600).
## **Reserves policy**
General funds are being held to secure the future of Hope Trust and their pastoral care workers, the parish nurses who work for Walton Parish Nursing and any other programme / project the trustees may decide to support.
Page 1
Golden Sunset Trust
Report of the Trustees for the Year Ended 30 June 2025
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document of 17th November 2014, and is a Foundation model constitution for a Charitable Incorporated Organisation.The charity was registered with the Charity Commission on 2nd March 2015.
## **Recruitment and appointment of new trustees**
The power of appointment or removal of trustees rests with the existing trustees.
New trustees are offered informal induction training along with the information necessary for them to fulfil their duties as a trustee.
## **Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
1160717
## **Principal address**
3 Cranborne Chase Ipswich Suffolk IP4 3EQ
## **Trustees**
B N Freed Dr A Fenning A M Croft K Stone (resigned 20.5.25) Rev T J S Harris
## **Independent Examiner**
S R Renvoize S R Renvoize Ltd 1 Arwela Road Felixstowe Suffolk IP11 2DG
## **Investment advisers**
Chase de Vere 1st Floor Unit 3 Wellbrook Court Girton Cambridge
Page 2
Golden Sunset Trust
Report of the Trustees for the Year Ended 30 June 2025
Approved by order of the board of trustees on 12 September 2025 and signed on its behalf by:
B N Freed - Trustee
Page 3
Independent Examiner's Report to the Trustees of Golden Sunset Trust
## **Independent examiner's report to the trustees of Golden Sunset Trust**
I report to the charity trustees on my examination of the accounts of Golden Sunset Trust (the Trust) for the year ended 30 June 2025.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement 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 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 accounts to be reached.
S R Renvoize
S R Renvoize Ltd 1 Arwela Road Felixstowe Suffolk IP11 2DG
12 September 2025
Page 4
Golden Sunset Trust
## Statement of Financial Activities for the Year Ended 30 June 2025
|30.6.25
Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Investment income
2
26,245
**EXPENDITURE ON**
Raising funds
3
20,638
**Charitable activities**
Institutional grants 4
52,280
Other 5
884
**Total**
73,802
Net gains on investments
21,589
**NET INCOME/(EXPENDITURE)**
(25,968)
**RECONCILIATION OF FUNDS**
Total funds brought forward
945,313
**TOTAL FUNDS CARRIED FORWARD**
919,345|30.6.24
Total
funds
£
26,395
15,009
50,600
850
66,459
52,300
12,236
933,077
945,313|
|---|---|
The notes form part of these financial statements
Page 5
Golden Sunset Trust
## Balance Sheet 30 June 2025
|Notes
**FIXED ASSETS**
**Investments**
Investments
7
Investment property
8
Social investments
9
**CURRENT ASSETS**
Prepayments and accrued income
Cash at bank
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**ACCRUALS AND DEFERRED INCOME**10
**NET ASSETS**|30.6.25
30.6.24
Unrestricted
Total
funds
funds
£
£
503,369
529,481
320,000
320,000
88,077
88,077
911,446
937,558
557
3,088
8,226
5,517
8,783
8,605
8,783
8,605
920,229
946,163
(884)
(850)
919,345
945,313|
|---|---|
The notes form part of these financial statements
Page 6
continued...
Golden Sunset Trust
|Balance Sheet-continued
30 June 2025
**FUNDS**
11
Unrestricted funds:
General fund
**TOTAL FUNDS**|919,345
919,345|945,313|
|---|---|---|
|||945,313|
The financial statements were approved by the Board of Trustees and authorised for issue on 12 September 2025 and were signed on its behalf by:
B N Freed - Trustee
A M Croft - Trustee
The notes form part of these financial statements
Page 7
Golden Sunset Trust
Notes to the Financial Statements for the Year Ended 30 June 2025
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
There is no material uncertainty relating to the going concern basis.
## **Financial reporting standard 102 - reduced disclosure exemptions**
The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows;
- the requirement of paragraph 3.17(d);
- the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
- the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A;
- the requirement of paragraph 33.7.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **Social investments**
The programme related investment is shown at cost and is subject to annual impairment review by the trustees.
Page 8
continued...
Golden Sunset Trust
Notes to the Financial Statements - continued for the Year Ended 30 June 2025
## **1. ACCOUNTING POLICIES - continued**
## **Investment property**
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
## **Investments**
Investments of quoted shares and similar investments are measured initially at cost and subsequently at fair value at the reporting date. Unrealized gains and losses are credited or charged to the Statement of Financial Activities and are shown under the heading "Net gains/(losses) on investments".
.
## **2. INVESTMENT INCOME**
|Rents received
Rent rec'd program development
Dividends received
Interest received|30.6.25
£
15,040
400
10,654
151
26,245|30.6.24
£
14,540
100
11,739
16|
|---|---|---|
|||26,395|
Page 9
continued...
Golden Sunset Trust
## Notes to the Financial Statements - continued
## for the Year Ended 30 June 2025
## **3. RAISING FUNDS**
## **Investment management costs**
|Portfolio management
Administrative expenses
Rent collection
Property repairs
Insurance investment property
**GRANTS PAYABLE**
Institutional grants
The total grants paid to institutions during the year was as follows:
Hope Trust
Walton Parish Nursing
Capel Parish Nurses|30.6.25
£
6,494
-
2,009
11,202
933
20,638
30.6.25
£
52,280
30.6.25
£
43,280
3,000
6,000
52,280|30.6.24
£
6,058
344
1,949
5,769
889
15,009
30.6.24
£
50,600
30.6.24
£
42,100
3,000
5,500
50,600|
|---|---|---|
## **4. GRANTS PAYABLE**
## **5. SUPPORT COSTS**
Other resources expended
Governance costs £ 884
Page 10
continued...
Golden Sunset Trust
Notes to the Financial Statements - continued for the Year Ended 30 June 2025
## **6. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 30 June 2025 nor for the year ended 30 June 2024.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 30 June 2025 nor for the year ended 30 June 2024.
## **7. FIXED ASSET INVESTMENTS**
|**MARKET VALUE**
At 1 July 2024
Additions
Disposals
Revaluations
At 30 June 2025
**NET BOOK VALUE**
At 30 June 2025
At 30 June 2024|Listed
investment
£
529,481
60,087
(106,542)
20,343
503,369
503,369
529,481|
|---|---|
There were no investment assets outside the UK.
The largest fund of the investment portfolio was L&G UK Index Trust Inc which had a period-end market value of £25,266 (2024 - £24,083 JPM US Select C Inc).
Page 11
continued...
Golden Sunset Trust
Notes to the Financial Statements - continued for the Year Ended 30 June 2025
## **8. INVESTMENT PROPERTY**
|**FAIR VALUE**
At 1 July 2024
and 30 June 2025
**NET BOOK VALUE**
At 30 June 2025
At 30 June 2024|£
320,000
320,000
320,000|
|---|---|
The trustees consider there is no material difference between the carrying value and the fair value, but the properties have not recently been valued by an independent qualified valuer. The cost of the investment properties was £220,000.The trustees are not aware of any restrictions on the realisability of the properties nor on the remittance of income and proceeds of disposal.
## **9. SOCIAL INVESTMENTS**
The programme related investment relates to the building from which Hope Trust operates. Hope Trust is charged a peppercorn rent. The trustees consider that no impairment is due at the end of the accounting period..
## **10. ACCRUALS AND DEFERRED INCOME**
|**ACCRUALS AND DEFERRED INCOME**|||
|---|---|---|
||30.6.25|30.6.24|
||£|£|
|Accruals and deferred income|884|850|
## **11. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.7.24
£
945,313
945,313|Net
movement
in funds
£
(25,968)
(25,968)|At
30.6.25
£
919,345
919,345|
|---|---|---|---|
Page 12
continued...
Golden Sunset Trust
Notes to the Financial Statements - continued for the Year Ended 30 June 2025
## **11. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|Incoming
resources
£
**Unrestricted funds**
General fund
26,245
**TOTAL FUNDS**
26,245
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**TOTAL FUNDS**|Resources
expended
£
(73,802)
(73,802)
At 1.7.23
£
933,077
933,077|Gains and
losses
£
21,589
21,589
Net
movement
in funds
£
12,236
12,236|Movement
in funds
£
(25,968)
(25,968)
At
30.6.24
£
945,313
945,313|
|---|---|---|---|
Comparative net movement in funds, included in the above are as follows:
||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|
||resources|expended|losses|in funds|
||£|£|£|£|
|**Unrestricted funds**|||||
|General fund|26,395|(66,459)|52,300|12,236|
|**TOTAL FUNDS**|26,395|(66,459)|52,300|12,236|
Page 13
continued...
Golden Sunset Trust
Notes to the Financial Statements - continued for the Year Ended 30 June 2025
## **11. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.7.23
£
933,077
933,077|Net
movement
in funds
£
(13,732)
(13,732)|At
30.6.25
£
919,345|
|---|---|---|---|
||||919,345|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|
||resources|expended|losses|in funds|
||£|£|£|£|
|**Unrestricted funds**|||||
|General fund|52,640|(140,261)|73,889|(13,732)|
|**TOTAL FUNDS**|52,640|(140,261)|73,889|(13,732)|
## **12. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 30 June 2025.
## **13. ROUNDING**
The accounts are rounded to the nearest £.
Page 14
continued...
Golden Sunset Trust
## Notes to the Financial Statements - continued for the Year Ended 30 June 2025
## **14. STAFF**
No staff are employed by the charity.
## **15. INDEPENDENT EXAMINATION COST**
The independent examination cost £884 (2024 - £850). No other services have been provided by the examiner.
## **16. LIABILITY OF MEMBERS**
If the trust is wound up, the members of the trust have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities.
Page 15
Golden Sunset Trust
## Detailed Statement of Financial Activities for the Year Ended 30 June 2025
|Detailed Statement of Financial Activities
for the Year Ended 30 June 2025|||
|---|---|---|
||30.6.25|30.6.24|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Investment income**|||
|Rents received|15,040|14,540|
|Rent rec'd program development|400|100|
|Dividends received|10,654|11,739|
|Interest received|151|16|
||26,245|26,395|
|**Total incoming resources**|26,245|26,395|
|**EXPENDITURE**|||
|**Investment management costs**|||
|Portfolio management|6,494|6,058|
|Administrative expenses|-|344|
|Rent collection|2,009|1,949|
|Property repairs|11,202|5,769|
|Insurance investment property|933|889|
||20,638|15,009|
|**Charitable activities**|||
|Grants to institutions|52,280|50,600|
|**Support costs**|||
|**Governance costs**|||
|Independent examiner|884|850|
|Total resources expended|73,802|66,459|
|**Net expenditure before gains and**|||
|**losses**|(47,557)|(40,064)|
|**Realised and unrealised gains and losses**|||
|Realised and unrealised gains/(losses) on|||
|fixed asset investments|21,589|52,300|
|**Net (expenditure)/income**|(25,968)|12,236|
This page does not form part of the statutory financial statements
Page 16