The Sunrlse Foundatlon CIO Trustees, Report and Accounts For the year ended 30 June 2021 Charity number.. 1172756
The Sunrlse Foundatlon CIO Year ended 30 June 2021 Conlents Pages Reference and Administrative Information Trustees. Report Independent Examiner's Report Receipt5 and Payments statement of Assets and abilItieS Notes to the Accounts 2-13 14 15 16 17
The Sunrlse Foundallon CIO Year ended 30 June 2021 Reference and Adminlslrotlve Informallon The charity wa5 entered on the Register of Charities on 25 April 2017 wilh Ihe Chority Commission Reference Number 1172756 and is governed by a Constitution daled I l April 2017. Reglstered Address and PTlnclpal Office The Sunrise Foundolion CIO 8 Grange Rood .littnn Bristol BS8 4EA Trustees Mr Richard Barnes Miss Sophia Brooke Mr Ben Glastonbury lappointed 2 September 20211 Mr Bryan Glostonbury Mr Jame5 Glastonbury lappoinled 2 September 20211 Mrs Margcrel G1051oiibury Mr Paul Solmons Bankers Barc.Iny_i Flnnk. One Slanhope Gole. London Wl K l AF. Independent Examlner Corrigon Accountants mIted, The Tramshed, 25 Lower Park Row, Bristol. BSI 5BN.
The Sunrlse Foundatlon CIO Year ended 30 June 2021 Tru$tee$' Report for Ihe year ended 30 June 2021 The Trustees hove pleasure in presenling their report together wilh Ihe financial statements of the Chanty tor the year @nded 30 June 2021. The Foundation was registered as a charily on 25 April 2017. Structure. Governance and Management The Charity is governed by a Constilulion doted April 2017. 11 15 9oY¢riied by o Board ot Trustees led by the Chair who has delegated responsibility for the day-to-day activities. Management of Ihe Charity's grant-making activities is described later in this Report. The Trustees have complied wilh their duty under the Charilies Act 2011 to have due regard to public benefil guidance published by Ihe Charily Commission. The Board act5 With integrity, odopling values and crealing a culture which helps achieve the Foundation's choritoblc purposc. The Board is oware ol the importance of the public's confidence ond trusl in charitl8s, ond our Trustees undertake their dulies accordingly. The Board conslsts of a mlx of charitat)le. tsusiness, ond financial skills. It it becomes necessary, ond to maintain Ihis mix of skills, individu015 will be approached, and recruitment adverts will be placed, to invite people to offer Ihemselves for election lo the Board. The induction ol new Trustees wll cover.. The obligations ol members of Ihe Board of Trustees The current financial position of Ihe Charity Fvlure plan5 arid objeilives Administrotive structure and access to shared documenl Objectlves The cJbjpc.t.£ ()f Ihe C.10 are to advonce such charitable purposes laccording to Iha law of England ond Wales) as the Trustee5 see fil from time to time in parliculor bul not limited to.. lal To assist in the Irealm¢nl ond care ol persons sufleriiig Iium mentol or phy51cal Illness of any description or in need ol rehabilitalion as a result of such illnes5, by the provision of facilities for work and recreation. Ibl To advance in lite and help young people Ihrough: The provision of recreotional and leisure time activities provided in the interest of sociol welfore, designed lo improve their conditions of life. Providing 5UPPOrt and octivities which devalop Iheir Skills, copocilio5, and capobililies lo enable them to participale in society a5 moture and responsible individuals. Icl To promole sociol inilu5ioii Ivr Ilie public benefft by prevenllng people from becoming sociolly excluded, relieving the needs of those people who are socially excluded and 055151ing them to inlegrale into society through the provision ol granls. items, educotion. ond services to such people andlor to charities or other organisalions working lo promote sociol inclusion.
The Svnrlse Foundallon CIO Year ended 30 June 2021 Tru51ee5' Report for the year ended 30 June 2021 For the purpose of Ihis clavse 'sociolly exGluded' mean5 being exilviled IIQITI sviitrly. vi yui15 vl society, as a result of one or more of the following laclors.. unemployment.. financial hardship,. youth or old age- ill heolth Iphysicol or mentall; substance abuse or dependency including alcohol and drugs,. discrimination on the grounds 015ex, roce. disability, elhnic origin, religion. belief, creed. sexual orientation or gender re-assignment., poor educat001 or skills ottoinment; relationship and lamily breakdown: poor housing Ithot is housing thal doe5 not meet basic hobitoblp. Ilandnrd%l: crime (either as a victim of crime or os on offender rehabilitating into society). Thc CIO achieve5 these objeclives by making grants to individuals and organisolion5. Relaled charllles In the pursuit of it5 charitable objectives the Charity cooperates wlh Asociocion Yanapasun in Peru. Asociccion Yanapasun operates o Theropy Centre supporting disntr)1g.d nnd nr disadvantaged ir)dividuals in the community. The centre includes o daily group earty 5timulalion programme for bobies and toddlers and individual Iherapies for children and adults wth a wide rangc of mcnlal and physicol challenges, many living in poverty. This now includes a Children's Home Yanapasun took over from another organisation in 2020, to provide continuily and reassurance for a small group of vulnerable children. Grant Maklng Pollcy fth Tl)¥ yuiyose vl Iliis puIiLy 15 lo Sel out the principle5, ciileria and processes that govem how the sunrise Foundation CIO makes granls. A grant is defined as a financial award the Foundation makes from ils fund5 to 5UPPOrt charitable activities, usually to registered charilie5 or charitable community groups, but sometimes to olher bodies nr tn individijals. Intr The Truslee5 ensure proper governonce of the Foundation's grant making in three ways. Through granl maklng prlnclplo$ which ensure that decisions ore made by Ihe Foundation's Trustees. These principles clarify that fund5 given are the Sunrise Foundation'5 assets, albeit with degrees of restriction on their use, and Ihal, where they are involved, it is recommending grants, nol awarding them. Through grant moklng ctheila which set out Ihe oclivitie5 the Trusleas wish to svpport in furtherance of the Foundotion's charitable objectives. The criteria also include activities which the Trustees do not wish to support because they do not consider them lo be in line with Ihe Foundation'5 purpose. Tlie Trustees aLL¢pI Iliul they wll on some occasions make grants outside the crileria bul thal in all such cases the activity supported will be charilable in low. Through grant maklng processes which set out how decisions are reoched for awarding grants from different types of funds at the Foundation.
The Sunrl$e Foundatlon CIO Year ended 30 June 2021 Tivstees. Repotl for Ihe year ended 30 June 2021 Gr nt Makin Prin The principles which underpin the Trustees, governance of the Foundotion's grant making consider thg £r_nlp nnd range of its grants and strika a bolonce befvdeen proper oversight of deci5ion- making and responsive customer Service for applicants. The principles are os follows. The Boord of Trustees hos ultimate collective responsibility for all gronl making decisions in line with the Foundation's charity purposes. Trustee5 reserve the righl to opply conditinns to ony grant. TTUStees also reserve Ihe Tight not lo approve any recommendation or nomination if they delermine that the resulling gronl would iiol be Lliaritable or would conflict wth the Foundation's slated wlicies or damage its reputation. akin rit The Foundation's guidance on criteria for applications from individuols or groLJPS is sel oul in our documenls, Grant Application Policies & Guidelines and Terms and Conditions ol Granl. Our grant- making has evolved to allow a much slronger locus on slralegic support. Trustees are particularly keen to help grassroots community groups and smaller sized volvnlary or9anisotions where fundii"IsJ of a project would gain maximum benetit and where it would have potential to achieve subslantial impact lo those in need. As a registered charity, the Foundation con only make gronts to support oclivity which is charitable in law. Orgonisations do not have lo be registered charities to apply, bul the Foundation wll only moke genera5 running costs or unrestricted grants to charilies. Gronts lo other types of organisations wll always be restricted for 0 specific charitable purpose. Twstees are mindful of the regulation and focus of Community Interest Componies ICICS) and other non-charity social enterprises. The Foundation's approach 15 to consider helping such organisations where there is a sovnd business plan. willi th¢ iliuiilable cost5 of slort-up or expansion. The Foundation doe5 not normally support Clcs ond other non-charity social enlerprises Kith the costs of continuing setvices, which should be financed by the sale of goods and services in line with the govemance model they have chosen. When considering where to allocate funds Trustees will lake inlo consideralinn the. number ol people in a particulor area who require support, Ihe level and lype of care they require and the ability ol the organisalion to provide an odequate level of support considering ils ovailable resources, manpower ond Ihe existing organisations providing similar support in the oreo. Truslee5 w51 consider the relevanl organisalion'5 repulation. previous achievements. lacilities, oigonisation slruLlure and govemance, as well as whether there are acjequate Systems in place to monitor the use of the funds. Applications for support musl be through Ihe Sunrise Foundolion's grant application process.
The Sunrlse Foundatlon CIO Year ended 30 June 2021 Truslees. Report for the year ended 30 June 2021 Grant requesls which the TnJslep.s wll not normally 5upporl ore: Conlribulions to general appeals or circulars. Religious activity which 15 nol lor wider public benefft. Public bodie5 to cary out their stotutory obligations. Activities which solely support animal welfare. Activities which hove already taken place. Granl making by other orgonisolions. Privately owned and profil-distributing companies or limited partnerships. There are no lower or upper limils for grant5, but applicant5 Should be mindful thal applicalions are consideTed quartedy in competition wilh eoch other. The Foundation has o scoring 5Y51em which helps the decision-moking process. M(xe poinls are given to applicotions that- Show strong evidence of need. Seek to involve as wide a range of people os possible. Me8t more ol the Foundolion's outcomes. Where organisations provide meosurable outcomes on Ihe end u58r beneficiories. Are from organisations wilh o smoller annual income which could goin M0MuM beriefit for their projec from funding. Are for smaller projects where Sunrise could ochieve a substantial impact to those in need and really are effective. Where orgonisotions ore o grassroots choritylcommunity/voluntoiy giuup iii Ihe 81i51ol/South West region where Sunrise con easily visit to make meaningful assessments and evaluations. ntm The Board of Trustees ensures Ihal ils decision-mrjking r>rnc_p.$8p.s ore informed. rigorous and timely and thal elfeclive delegation, control and risk-osses5ment and management systems are set up and monitored. To thi5 end, all grant requests go through a process as per the Foundotion's Granl Proce55 Flow Chart. as follows.. rtl¥T5190 TiEsand yliutlonslfflproye% I InoryTITionwlthach i OedlnoloPmEress c•odtoNÈxtstsge de¢sdpneNlstopk QugrtertvTru5te MÈEtin85[%Jn5rl qL¥ll1Thd Ilutlonslnwo8rÈ ¥Iovi&A55È$5ff SCDFIDBÈ¥4ltn edlnÈloPffj&re uthEi¢unngeiAihre+ nthpwlodafflo (or1 Revl•w Grantwewtlsswj i wthTQrff&C0rbth5 It115a¥sattw,1knrt¢5 tmnsler Endof&iffitRopr Tw51ee5Ev4luatkin PmjciCompl•te
The Sunrfse Foundallon CIO Year ended 30 June 2021 Trustees, Report lor the yeai ended 30 June 2021 Achievements and Performance The Foundalion does not measure the success of the projects il funds only in numbers, including finoncial numbers, but also in less tangible orcas where we haye received direcl feedbuLk IIUITI Ihose who hove benef1tted from a specific project we have funded. The Tru51ees recognise that some things are difficull to meosure but the End of Gronl reports received in this period hove been extremely posilive. In line with OUT plans last financial yeor. the Truslee5 have implemented a Multi-year Grant Application process for some estIng beneficiorie5. This proces5 both consolidates the work of the charities involved, but olso enables Sunrise Trustees to concenlrale energy in a posltive way and move away from managing new applicolions conslontly. We believa thi5 facilitote5 foscring c105e relationships and enables the Foundation to fully understand Ihe work the charities ore doing. By offering repeal 5UPPOrt or on-going funding we moke the grant giving more effective and efficient. Whilst we hove not closed our doors to new applications. the focus is on long term support ol those who have proved their ability to make a real difference with Ihe funds granled. Sunrise believe in helping much needed services to become more su51ainable by developing the confidence. capacity, and skills to.. Become less dependenl on increasingly scarce discretionary grant funding. Generote more income from thcir activilies and services. Continue providing essential service5, to prevent problems escaloling. Empower organisalions lo make positive change with their projects, Build oncl clevelop the good organi5alions are doing to help more people in need. We ore proud to be funding several organisalion5 on a year-by-yeorlca5e-by-cose basis. still Subject to granl applicalion policy, where short-lerm granl funding ond using reserves lo cover any income gap is not a viable option if they ore Io sustain and grow their service5. Organisations and projects we have helped during the year includes the exceptional on5el of the Covid-19 outbreak globally earty in 2020, with hard lockdown restrictions commencing in March conlinuing Ihroughoul the first six Inori1I15 2021. enormously offecting the ability lo run services and obtain an income. Accordingly, Sunrise contacted each orgoni5ation we were involved wilh to offer reassurance we would be as helpful as possible so they could focu5 on the vilal work of SUL)POrting some of the most vulnerable people in our communities. We understood there wniild be times when slafl and volunleers would not be ovailable. when beneficiarie5 may need services to be provided in diflerenl ways, or when systems needed to be flexible lo ensure that needs were met. We recognised Ihese organi5ations would experience difficulties achieving some of the outputs or oulcomes we ogreed for the gronl before this outbreak. We knew they may hove needed to use tlieir Ivri(Jifig lu help cover slckness, purchase equipment, or delivei 5eTvices differenlly. ond we would be reasonable if they needed lo move money between budget headings to ensure their work could conlinue. Sunrise confirmed lo these organisalions on being flexible wth how their grants were spenl 05 they moy quickly need lo convert the Restricted granl to Unreslricted to adapt Iheir activitie5 and change focus on the services provided. We also cpprecioed how mony would be working under extreme pressure wth many urgent priorities and may struggle to meet reporting deadline5, $0 we mulually agreed revised limescales.
The Sunrlse Foundatlon CIO Year ended 30 June 2021 Trustees. Report for the yeor ended 30 June 2021 Over the lost 18 months. COVID-19 has plunged oll of us inlo isololion keeping fomily and friends apart. For those who are vulnerable, disabled or disadvantaged in ony way, this time hos been esp&cially hard wth limited support available. At the onset ol hord lockdown. as wth so many organisalions across the globe, the projecls Sunrise funded were rapidly adopled to deliver virtually if they could or deliver allernalive essential support where appropriate. One-year grants were awarded to.. - Carèrs Support Centre: funding lo run the annuol Young Carers Festivol. This evenl gives young carers in South Gloucestershire aged 8-18 who look after someone al home time oul from their coring role by providing the opportunity to meet peeT5, maka fri8nds ond create support nefvrforks. and simply having fun. There 15 a vast range of activities including foirground rides. silent disco, cinema, music, ouldoor activities. creotive zone, fireworks, and festival radio. As the event was cancelled due to Ihe pondemic. we ogreed CSC will use Ilie funds to run the evenl In 2022 to ensure the young carers have the break they desperately need. KIDS: conlribulion towards operational costs to deliver Staying Positive Workshops for young disabled people oged 14-25 years in Bristol. By merging their Relationship and Sexuality group wilh their Accessing Arts group, the projact focusgd around the Five Steps lo Wellbcing model deveioped by Ihe NHS- connect; be octive.. keep leorning: give lo olhers.. and be mindful. This increases their obility lo make positive decisions and reduce their vulnerability and increase their prospects. 58 young veuple benefitted from th15 granl. Three-year Multi Year Grants commenced this year and were awarded to.. - A50claclon Yanapasun, Peru= on-going operalional and developmenl of therapy centre supporting disndvnntogpd disabled children in the community. Therapy and community care was quick adapled to deliver remote support as well as collaborating with local holels to provide food to the most disodvontaged. 687 theropy sessions carried out during Ihe yeor. Asoclacion Yanapasun. Pew- on-going operolional and development of a children's home laken over from another orgonisotion in Ihe summer, to provide long term continuity and reassurance for Q Small group ot vulnerable children to sofeguard their future, lo keep them safe. make them feel loved ond for them to thrive. The focus during the year has been to provide leachers at the home os the schools have been completely shut down until sometime in 2022. 4 childrg.n livp in the home. Caring in Brlstol: solary cosls for on odditional Case Worker on Project Z which SUDPOrts people oged 16-25 who ore ol risk of homal8ssne$5. The young people arc some ol the most mar9inalised in Bri5101, experiencing multiple disodvanlage such as family breakdown, leaving care. sexuol exploitation, sexual identity issues or unemployment. The odditional Case Worker will help the projecl increase the numbei of yourig p¢uple 5uppoiled to avola homelessnes5 and t)uild skills ona capacities tor the longer-lerm. 23 young people supporled since start of funding. Changes Brlstol: salary cost5 for Development and Events Monoger whose primary role is to develop funding opportunilies that go toword5 financing Ironl-line setvices of the charity to deliver peer support Ihrough I to I befriending. w(Jrkghop5. and online Support groups. Support meatings reoehed 434 individuals in Ihe year. Gympanzees: contribution towards salarieslequipment lo provide Summer 2020 Pop Up Therapy Centre lor children in Bristol with disabililies and Iheir siblings. This was odopled to delivering Our Home service o projecl developed to Support families ot home during the Covid-19 oulbreak. A lending Ilbrory of Specialist ploy15ensory equipment normally used ot Ihe Pop Ups delivered/collected ol a safe distance from their doorsteps for the children to use at home. 449 Lending Library members. 478
The Sunrise Foundatlon CIO Year ended 30 June 2021 Trustees, Report for the year ended 30 Jvne 2021 membeTS of c105ed online community and 21,CMXJ views of online advice and guidance videosl information. The lable below details the grant applicolion statistics, together wth the success ratio. Jvty 2020- June 2021 JU 2019 - June 2020 July 2018- Jun• 207? Granl AppCal0n Sknmsfflcs January- Junè 2018 Junè- December 2017 Nvmbei Amount Number Amovnt Number Amovnt Number Amounl Number Amovnl Enque5 62 118 17 31 SuccessfLA Applcotio £236,741 12 £259,9&3 10 £158.285 £76,8P £115,851 UnsLrcessful ApplcotK>ns 106 23 26 Succes5 Rol TO.2% 16. Icr% There were a lowgr qvantity of enquirics than 105t year due to the nvmber of people in a fundra151ng role being furfoughed during Ihe pandemic. Monltorlng of grants The Board works os an effective leom. using the opprnpriole balance of skills, expgrience. backgrounds, and knOedge lo make informed decisions. All Grant Agreements are subject to certain teTms and conditions and Ihe Foundation IrTroiiilor5 the progress of each project whereby either monthlylquarlerly and end of grant report5, as well as agreed targets and objectives, are submilted and evolualed. We need to know whether the sel criteria wthin each Gronl Agreement is being achieved and, at the end, how the Granl has been Spent with a breakdown of the items or activitlg.s funded by the Granl, which Should be closely aligned lo the Grant Agreernenl. We require an explanation if the Grant was spenl differently and how il allowed il lo achieve their outcomes. Any chonges to how the Grant was spp.nl musl be firslly agreed by tho Fotjndation. The Foundation needs to knowwhatlhe Grant has ochieved ond aboutlhe difference eoch project h05 madc to Ihe people Ihat participoted in il unol kriow of any wtder benefits to the community, as well as how many people directly benefited from each Grant.
The Sunrlse Fovndatlon CIO Year ended 30 June 2021 Trustees, Report for Ihe year ended 30 June 2021 Where appropriate Ihe Foundation may a150 require: Regulor sile visits by Trust&es Monthly financial reporting Review palientlclient records stolf Iuiiliuriie reviews All Ihe organisation5 must be highly commended on the rapid and inrlovative ways they adapted their Service delivery during the pondemic and Iheir ability to continue developing their support safely in line with ongoing lockdown restriction5. Direcl feedbock from organisations where we have contributed to their projects dufing the year, including some feedback from their beneficiaries, is shown below.. Asoclaclon Yanopasun. Peru: My son has improved a lol since he started the therapies in Eoty Stifftulation. ond l om very happy that Yanapasun is always ready to help us when we are facing difflcult moments a5 well to help other vulnerable families in the orea. Mother. "For me Yanapasun is like onolher family. I have known Ihem for many years now and they have always been there during my mosl drfficult moments. I m very grateful to have crossed the poth with Yonoposun." Patienl. Carlng In Brlstol: "When lockdown started my mental health was realty bad. I'm proud I hove come through the other side. You walk that pam alone, trut It's comforting to hove you guys right behlnd me. It wos nice to see a face I know, and they know me. someone who knows whot l om going through., Project Z Client . I see people struggling on the street oll the time and I was scored that Ihot was going to be me. Th experience hos helped to believe there is more options for me out there all oreos of my lifc. Everyone starts somewhere. and I feel like I'm on the beginning of o positive joumey. Project Z Client Changes 8rislol: "Connecting with Chonges online is helping me to keep some normolityin my weekly schedule. Today somebody Said that they could feel a lot of empathy pouring out of their screen. That is how I feel. I sttll hnve o commijnity., C.lignt l OQ% ol members reported a posilive impact . during the pandemic 86% falt lass socially i501oted. 84% incroa5ed social interactions. Gympanzo01: "The climbing bridge was incredible and really helped us engage wilh N. He found so muny different woys to use it and was so excited Oy it every day...It helped encouroge hlm awoy from tt)e fv and want us to play with him. N doesn't speak but he was trying to use non- verbal communicotion lo show us how he wanted to ploy with it ond that is great progress for him. Thank youl" Parent from Lending knbrory "Kids have played TOGETHER wilh equiprnènt (never hoppensl) Great to fry ou loys to see who our kids respond well to...Having access to Ihis service mokes everyone in our family smile. and it helps us feel "seen" and cored for, especially given we gel limited support elsewhere. So groteful to Gympanzees for this- Ihank you!" Porenl from Lending Library "Wos able to moke school purchase a dork tent as per his EHCP Iwhich legally should have been provided I lrnonths ptiorj after proving a dork tent was beneficiol,, Parent from Lending Library
The Sunrlse Foundatlon CIO Year ended 30 June 2021 Trustees. Report for the year ended 30 June 2021 KIDS: "W has mode trernendous progress since attending the KIDS, his emotional molurity has developed. His bohaviour has improvad os a result. meoning thol he can now go ou* into frhe community without the risk of trying to cuddle women he doesn't know. If W had nothad this support, we would not have been oble to leave the house for the lost yeor. Your continued support and woiiderful sfraff liuve suppurled W to understand the cutrent pandemic and importance of soclol distoncing. Knowing that he hos the regular contact with the stoff and other young people makes him aware that others are still thinking of him ijnd wants to Stay in touch. He especialty enjoys the virtuol yoga sessions" Parent "Your involvement with my family hn_% mpnnt hijge praclical help during a difficult time. l think the key thing is thot KIDS do stuff with the whole family, not just the child. l am sure Ihot yours is the kind of service that helps prevent family break up os a result of the strains that a child with o disobility bring5.' Parenl "The first few weeks of lockdown I struggled. With our household being just me and G. it wa5 very isolating and exhausting. G would not leove the house due to nol being able to understand why everything was closed or people would wolk to the other side of the road. I never hod o second to myself ond felt myself storting to lose my temppr with C. dijg. tn n<) school or other outside support. When K Ifrom KIDS) affived at my door. with a tablet and eorphones thot G hod used at the club. it was a God send. Other thon nol being able lo go out of the house to buy one. I simply did nol hove Ihe money and felt frerrible thot G wos nol able fro occe5S the online group& I con'l tell you what difference if has made. The Iwo hours I know G is on her session with you. I get to hove a cupper and catch up with my friends wilhoul inteffuption. It has allowed for me to recharge and be o better parent ror G., Parenl
The Sunrlse Foundallon CIO Year ended 30 June 2021 Truslee$' Report tor the year ended 30 June 2021 Flnanelol Rèview The financial state of ofloir5 of the Charity is shown in the occompanying accounts. The mojority of Ihe Chorify'$ osset5 as ot 30 Jun¢ 2021 were held 05 cilliei iriveilrTieii15 QF Cash dep051ts. The Resetves and Investment policies are explained elsewhere in Ihis Report. Inveslment Pollcy and Performance Barclays has been appoinled by Ihe Foundolion lo provide a discrelionory investment monogement seNice in relation to its reserves. The purpose ol our Inve51ment Policy is to identify Ihe investment objectives ond parameters within which Barclay5 can operole. Investm nt To m0MIse total relurns on investmenls through capital growth and income. The Trustees are aiming to distiibule £200,OL¥J per annum which may be sourced from income or capital. The income generaled is to be paid out ond will form port of Ihe £2CXJ,000 distribulion. The Trusta8s hove the discretion to increose Ihis amount if required to mee* all successful grant award5 they wish to support. In order to ensure there is sufficient funds lo meet the dislrik)utions the Foundation will hold in the region of12-18 months, worth of expenditure in cash deposits. The. investment lime period is long term l O years plus. The investmenl can be liquidoted into cash at any point and be available within len working days. Ethi vestment The Foundation's elhical investment policy prohibits investments bosed upon three paramelers.. - Tobacco - Any companies involved in producing and distributing tobacco products where revenues exceed l 0% of global earnings. Armaments - Componies producing weapons and weapon syslems, including cluster munition5 and onti-porsonnal1ondmines. Companics whose core business includes the svpply of strategic components Isuch as weapons guidance systems), and 5ervice5 are also excluded. Code ol EIIIiLs- Exclu51on of Companies thot tto not hove a Lode ot Ethics Policy. The Foundation has accepted a 'moderate' risk profile in occordance with the Barclays definition of 'moderate' risk which is 05 follows: "The portfolio aims to lake on more investment risk thon o low or medium-low portfolio with a view lo increasing the value ol the porlfolio over the longer term lat least l Q yeor51. In order for the opportunity lo achieve this enhanced polential return. the portfolio need5 to octively invest in higher risk financial instruments. This moy lead to frequent fluctualion5 in the value of Ihe portfolio, and there is a risk of making o meaningful loss in adverse markel condition5 on the money invested, even over longer time horizons. in exchonge for the possibility of increasing the inllalion-adjusted value of the porlfolio over time."
The Sunrlse Foundatlon CIO Year ended 30 June 2021 Trustees. Report for the year ended 30 June 2021 Rlsk Management The principal laced by the Foundation lie in the performance of inveslmenls ond operalional risks from inoffective gronl Imokirig urid the copacity ol the Foundation lo moke eltective grant5. The Board of Truslee5 undertake a review on performance on a six-monthly basis. The operotional risk from ineffective grant awards is addressed within the Grant Application Form ensuring Ihal key information is provided ond 15 aligned lo the organisolion'5 governing documents. The Trustee5 will check the following in each apr)lir.ninn'. Organisation legal name. address choritylcompany number. Latest roporl ond account5 submitted wilh Chorify Commission. The main contact name within the applicotion must be someone from the organisation who can talk about the project, and we can contact during office hours. They must be over eighleen yeors old. For schools, someone who is directly employed by the school must submit the applicalion Ilor exarnple, a teacher or administralorl. We need their date of birlh and home address for our standord fraLid prevention e.h&e.ks. The applicant must provide landline lelephone number5, We must have all above deloils provided for a senior contact in addilion lo the main contact nome. During Ihe grant application evaluation process. the Trustees will need to be ossured of why each project is needed oiid will seek evidence on whether the organisalion consulted wilh Ihe people who would benefit trom their proposed project, and whal Ihey found out. Examples of the types of evidence may be: A meeting thal onyone intgrgslpd in the project con come lo. A survey ot people who use Iheir service or Ihose who might use il. A waiting list of people who want to get involved in their activities or use the setvice. Is there a lack of type ol facility. Service, or octivilie5 in the locul uieo whether people would use it if it were availablee stalislics about people who would benetit from the proposed project. Does the project support any local or national slrategies¥ Evaluotion on previous projects or seeking feedback on a pilo project. The Foundation needs to know how each project actively seeks lo involve as wide a range ol people as possible and what the change or difference the project would make. Each applicolion must meel at least one of the following oulcomes to be considered for a grant: Advonfjing health or lfrie 5uYiiig ol Ilve5 Relieving sicknes5 Heallh. education, or sickness Pfevenlion Rehabililotion, convolescence. or aftercore Relief of those in need lage. disability. ill-heal*h, financial or olher disadvantage) Reserves Pollcy The Charify's Investment Policy 15 explained elsewhere in Ihis Report. The Trustees are aiming lo di51ribule £2(KI.CMJ) per annum which may be sourced trom income or capital. To ensure there is sufficient funds to meet the distllbutions the Foundation will hold in the region of12- 18 months, worth of expenditure in cash deposils. The Sunrise Foundolion currenuy has minimal operational cost5. 12
The Sunrise Foundation CIO Year ended 30 June 2021 Truslees. Report lor the year ended 30 June 2021 Plong for the tvlure The Sunrise Foundation CIO Trustees are delighted wth the fourth period's perfomance and will con5iderwhal has worked ond what can be improved. We will continue to ensure the overall success of Ihe charity grant giving operalions meet with legal and regulotory requirements to add to public confidence and trust in the charity and the overall direction and development of The Sunrise Foundation through good governonce ond clear slrategic planning. The global Covid-19 pandemic affected everyone, ond lockdown reslrictions severely impacted chorilies, abilities lo run their vilal services, as well as losing significant fundroising income. Chorities Icarncd quickly how to develop new octivithes, 5ep¥ice5, ond support as the demand for h61p, advice and practical assistance become greater thon ever. Many people responded from all levels of Society. with age being no batTier. to help those in need by volunteering lor Ihe first time and. in 50 many innovative and inspiring ways, underlook personal challenges to roise Ivnds for chorities and communily projects. Consideration must be given on how to realign sefvices to continue supporling beneficiaries and remodelling lundrai5ing strolegies. The Foundation wll be inviting at leost two more Trustees to join Ihe Board lo ensure we continue to hove the oppropriote balance of skills, experience, backgrounds, and knovAadge lo moke informed decisions. As well as giving us new ideos, they will visit projects lo see the impact of our grants and help develop our future operations and strategies. We will continue lo ensure we have updoted policies ond procedure5 in place lo reflecl how the pondemic affects charities going foNard. particulorly wth regards to being able to maintain essential income slreoms from lundrai5ing events. Uncertain morkels globally will continue lo adversely affecl charities inveslmenl income, togelher with the ineviloble impact of increasing support for Ih05e vulnerable and socially disodvont(Jggd_ There will also be ongoing refinemenl of Ihe grant application process to moke it smoolherand easier for organisation3, a5 well a3 a refresh of the Webs1# lo bring it up to date lo rellecl any proce55 changes. We look forward to next yeor where mulli-year lunding of projects continue to develop Iheir services lo achieve substonliol impact to Ihose in need. In porlicular, Asociacion Yanapcsun. a Peruvian charity heoviw sUPPOrted by Sunrise, continues to go from strength to strength moximising the type and number of therapy services delivered at the centre based in Urubamba. In addition, Sunrise supports the small Children'5 Home. olso in Urubamba, which Asociocion Yanapa5un took over from Lyno*her organisation lost year. Going forward into the nexi financial year there are gaverol importont Issues lo be addressed lo safeguard the children's future as well as establishing the house under the name of Yonopasun and make long-lerm plans for each child. Despite the unprecedented challenges the pondemic presented, Sunrise have been amazed at how the charity sector has rapidly scrambled whal resources Ihey had to reach those most vulnerable with essential supporl. Their hard work and innovotion bring so much encourogement we ar8 confidenl this will conlinue lo have a positive impact for the future wthin our local communities. Approved by th tees and signed on their behalf by: Tru51ee
The Sunrise Foundatlon CIO Year ended 30 June 2021 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE SUNRISE FOUNDATION CIO I r&port to Ihg charity Iruslee5 on my examination of the accounts of the charity lor the year ended 30 June 2021 which are set out on poges 15 to 17. Re$pon$ibililiei and bosls ot rèport As the charity's trustees you are responsible for the preparation of the accounts in accordance wilh the requirements ol the Charities Act 2011 I'the Act'i. I rppnrt in rg.gppr.I nl my g.xnminntinn nl thg. r.hnrity'q nr.c.niJnts r.arripd out ijnder section 145 of the Act ond in carrying Out my examination I have followed all the applicable Directions given by the Charity Commission under section 145151 Ibl ol the Act. Independent examlner's statement I have completed my examination. I confirm thal no material malters have come to my attention in connection with the exomination giving me cause to believe that in any material respect: accounting records were not kept in respect of the chority os required by Section 130 of Ihe Acl: or the accounts do not accord with those records. I have no concerns and have come across no olher matters in connection with Ihe examination lo which attention should be drawn in this report in order to enoble o proper understonding 01 the account5 lo be reached. stuart Crisp Bsc FCA Corrigon Accountants limited The Tramshed 25 Lower PaTk Row Bristol 65158N Daled: 10 November 2021
The Sunrlse Foundatlon CIO Year ended 30 June 2021 Recelpts and Payments lor the year ended 30 Jvne 2021 Noles Unrestricled Generol Fund5 Total Funds 2021 Totol Funds 2020 Restricted Funds Receipts Voluntory recelpts: Donations 2,7 2.720 Gift Aid recovered 125 125 1101 2,855 2,845 Inveslmenl Income: Interest received- bank account5 Dividends and inlere5t received - investment accounts 118 118 42,181 42.181 43.508 42.289 2.855 45.144 44.333 Investment sales 250,000 250.000 209,049 Tolal re¢elpts 292,289 2,855 295,144 253,382 Payments Chorilable Activities- C051 of grant giving 1238,8841 11.7791 (240,663) 1286,3701 Total poyments (238.884) (1.779) (240.663) 1286,3701 Net of receipts and payments Cash Funds Brought FoThvard Cash Funds Carried Foard 53,405 1.076 54.481 132,9881 47,523 670 48,193 81.181 100,928 1,746 102.674 48,193
The Sunrise Foundation CIO Year ended 30 June 2021 Slatemenl of assels and Ilobllllles os Ot 30 June 2021 General unrestricted Restricted funds funds 2021 2021 Total funds 2021 Total funds 2020 Cash Ivnth 8ank occounls 101.669 1.005 102,674 48,192 Investmenl assets Investment fund shares at markel value 1.563,756 0 1,563.756 1,606,381 As$ets retalned lor the charlfy's own v$è: Peiu therapy centre at cost 321,174 321,174 321,174 Llabllltle$ Fee lor indp.pg.ndenl examinotion 1,080 1,080 The notes on the followng pages form part of these occounls. lo 20 z) Approved for issue by the Board of Trustees on . and signed on its behalf by: Trustee
The Sunrise Foundation CIO Year ended 30 June 2021 Nole5 to Ihe Accounts lor Ihe year ended 30 June 2021 Accountlng pollcles a. Basls ol preparatlon These receipts and paymenls accounts are preparod in accordance with the Accounting Regulations sel out under the Chorities Act 2011. b. Grants pald The CIO makes grants to olher organisations in Ihe furtherance of the charitable object5 of the Tnjst. See note 2. c. Investments lnvestmg.nt rjsse.ls comprisè inveslmenls held in shores, bonds, and similaT ass&ts. These inve51ments are shown in the slalement of assels and liobilities at their morket value at the yeor-end. d. Fixed A$sets Fixed assets retained for the charity's own use are included in Ihe stotemenl ol a5sels and liabilities ot their cost. e. Fund a¢countlng Unreslricled funds ore available for use ot the disr.rptinn ol Ihe TnJstees in lurlhefance of the general objectives of the Charity. The Generol Fund repre5enls the tree reserves of the Charity after allowing for any designated funds. of which there are currently none. Restricted fund5 ore donations which are to be used in accordance with specific restriction5 imposed by donors or which have been raised by the Charity for porticular purposes. The cost of roising ond admlnistering such funds are charged ogainst the specific fund. The Yonapa5un Fund represents donolion5 towords the costs ot o Iherapy centre in Peru. Asociocion Yonapasun is a charity in Peru which operales o therapy centre supporting disabled children in Ihe community. Transactlons wEth Trustees None of thè Twslees hove been poid any ramunerotion or reccived ony olher benefit5 from an employment with the Chority or a related entity. Trustees ore reimbursed for reasonable expenses. Chorltable paymonts- cost of grant g5vlng Unrostricled General Funds Tolal Funds 2021 Total Funds 2020 Restricted Funds Payment ol support Cosls Grants paid 2,143 2,143 3,817 236,741 1,779 238,520 282,553 Cost of grant glvlng 238.884 1.779 240.163 286.370 The Charity has no employee5 and therefore does not incur wage cosls.