## **Trustees’ Annual Report for the period** ## **From 01/09/2023 Period start date To 31/08/2024 Period end date** **Charity name: Sunshine Children’s Centre** ## **Charity registration number: 1177008** ## **Objectives and Activities** ||**SORP**
**reference**|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|Sunshine Children’s Centre is run as a charity in
order to enhance the development and education
of children primarily under statutory school age by
encouraging parents to understand and provide for
the needs of their children through community
groups by:| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17
and 1.19|a)
Offering appropriate play, education and
care facilities, family learning and extended hours
groups, together with the right of parents to take
responsibility for and to become involved in the
activities of such groups, ensuring that such groups
offer opportunities for all children whatever their
race, culture, religion, means or ability;
b)
Encouraging the study of the needs of such
children and their families and promoting public
interest in and recognition of such needs in the
local areas;
c)
Instigating and adhering to and furthering
the aims and objectives of the Pre-school Learning
Alliance.| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|As Trustees, we are confident that we have
complied with the duty in section 4 of the Charities
Act 2006 to have due regard to public benefit
guidance published by the Commission.| ## **Achievements and Performance** ||SORP
reference|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para
1.20|Sunshine currently has 156 children on roll and
employs 33 staff.
The accounts for Sunshine Children’s Centre, charity
number 1177008 for the period 01/08/2022 –
31/08/2023 show a loss of £25,579.00. This is due to
reduced EYE funding, increased wage costs and also a
larger capital expenditure. Capital reserves were spent
on the following areas: Converting the tea room to a
new playroom (Butterflies), fencing in the garden,
replacing a heat exchange unit in preschool room,
coracles (cots) and sleep mats in younger rooms.
With the rise in utility bills, the increase to the minimum
wage from April this year and the increasing costs of
food and consumables we need to be careful with our
finances this year. The government EYE funding has
barely increased 3 years old funding from April 2024,
meaning the gap between our hourly rate and what the
Government fund is £2 per hour. 15 hours childcare for
working families of 2 year olds is coming in this April
which is great news for our families and the EYE rate is
more comparable with our own hourly rate. We are
looking forward to welcoming the Government’s
childcare funding offer for children aged 9 months to 23
months in September this year. We have yet to hear
the hourly rate for nurseries for this funding. Our
voluntary charge for children with funding remains at £3
per session, this is to help with consumables and
activities. Although we do not like asking parents for
this we do feel that it represents good value and need it
to keep the nursery running.
We are monitoring the cash flow very closely on a
weekly basis and have established budgets for spending.
We will be keeping capital expenditure to a minimum
this year. We have been making cost savings where
possible to ensure that we remain as financially viable
as possible and keep ahead of ourselves. We ask
parents to ensure that they work with us by paying their
fees promptly and in full.
Our reputation for catering for children with additional
needs continues to grow and we are also providing
increasing levels of support to families in need, which
makes us all very proud to be part of Sunshine. This
does come at a high financial cost and we are constantly
looking for ways to get more funding to support these
areas as they are severely underfunded.| ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para
1.21|| |Statement explaining the
policy for holding reserves
statingwhy they areheld|Para
1.22|The Trustees have implemented a policy that will
require the holding of three months running costs in
reservesin linewithcurrent advisoryrequirements.| |Amount of reserves held|Para
1.22|| |Reasons for holding zero
reserves|Para
1.22|N/A| |Details of fund materially in
deficit|Para
1.24|N/A| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para
1.23|| ## **Structure, Governance and Management** |**Description**
**of charity’s**
**trusts: **|**SORP**
**reference**|| |---|---|---| |Type of
governing
document|Para 1.25|Constitution| |How is the
charity
constituted?|Para 1.25|Charitable Incorporated Organisation.| |Trustee
selection
methods
including
details of any
constitutional
provisions e.g.
election to
post or name
of any person
or body
entitled to
appoint one or
more trustees|Para 1.25|9.
Charity Trustees
(1) Functions and duties of charity trustees
The charity trustees shall manage the affairs of the CIO and may for
that purpose exercise all the powers of the CIO. It is the duty of each
charity trustee:
(a) to exercise his or her powers and to perform his or her functions in
his or her capacity as a trustee of the CIO in the way he or she decides
in good faith would be most likely to further the purposes of the CIO;
and
(b) To exercise, in the performance of those functions, such care and
skill as is reasonable in the circumstances having regard in particular
to:
(i) Any special knowledge or experience that he or she has or holds
himself or herself out as having; and,
(ii) If he or she acts as a charity trustee of the CIO in the course of a
business or profession, to any special knowledge or experience that it
is reasonable to expect of a person acting in the course of that kind of
business or profession.
(2) Eligibility for trusteeship
(a) Every charity trustee must be a natural person.
(b) No individual may be appointed as a charity trustee of the CIO:
- if he or she is under the age of 16 years; or
- If he or she would automatically cease to hold office under the
provisions of clause [12(1)(e)].
(c) No one is entitled to act as a charity trustee whether on
appointment or on any re-appointment until he or she has expressly
acknowledged,in whatever waythe charitytrustees decide,his or her| |||acceptance of the office of charity trustee.
(d) At least one of the trustees of the CIO must be 18 years of age or
over. If there is no trustee aged at least 18 years, the remaining
trustees may only act to call a meeting of the charity trustees, or
appoint a new charity trustee.
(3) Number of charity trustees
(a) There should be:
Not less than 3 nor more than 7 appointed trustees.
(b) There must be at least [three] charity trustees. If the number falls
below this minimum, the remaining trustee or trustees may act only to
call a meeting of the charity trustees, or appoint a new charity trustee.
(4) First charity trustees:
The first charity trustees are as follows, and are appointed for the
following terms –
Marie Jackson – Chairperson [For 3 years]
Emily Bennison – Secretary [For 2years]
Kelly Stevenson – Treasurer [For 1 year]
Debbie Willoughby – Trustee [For 1 year]
10.
Appointment of charity trustees
(1) Apart from the first charity trustees, every trustee must be
appointed for a term of 1 year by a resolution passed at a properly
convened meeting of the charity trustees.
(2) In selecting individuals for appointment as charity trustees, the
charity trustees must have regard to the skills, knowledge and
experience needed for the effective administration of the CIO.
(3) In selecting individuals for appointment as appointed charity
trustees, the charity trustees must have regard to the skills, knowledge
and experience needed for the effective administration of the CIO.| |---|---|---| ## **Reference and Administrative details** |Charityname|Sunshine Children’s Centre| |---|---| |Other name the charity uses|| |Registered charitynumber|11177008| |Charity’s principal address|High Street
Burgh Le Marsh
Skegness
Lincs
PE245JS| ||| ## **Names of the charity trustees who manage the charity** |1
2
3
4|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee(if any)**| |---|---|---|---|---| ||Debbie Willoughby|Chair|04/03/2023|| ||KellyStevenson|Treasurer||| ||Tom Wardell|Secretary|04/03/2023|| ||Lisa Broomfield|Member|04/03/2023|| ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** |**Signature(s)**
**Full name(s)**
**Position (eg Secretary,**
**Chair, etc)**
**Date**|

Debbie Willoughby|| |---|---|---| |||Kelly Stevenson| ||

Chair|Treasurer| |||| |||| Charity number. 1177CX)8 SurBhine Childrnn's Centre CIO UNAUDITED ACCOUNTS FOR THE YEAR ENDED 3110812024 Prèpared By: Greenhalgh Johnson Ltd Acc￿ntantS & Tax Advisers Elland H￿￿$6 22 High Street Burgh le Marsh Lincolnshiro PE24 5JT Sunshlne Chtrldren's Centre CIO ACCOUNTS FOR THE YEAR ENDED 3110812024 CONTENTS Pag& Report of the Trustees Independent Examine￿8 Ststement Slalemenl ol Finan￿al ActNit￿$ 10 Balonce Sheet Notes to the Accounts 121015 Delailed Statement of Finanaal A¢bvrtie5 15 Page 2 Sunshine Childrèn's Centre CIO FINANCIAL STATEMENTS FOR THE YEAR ENDEO 3110812024 TRUSTEES Debbie Willoughby- Chair Thomas Wardenn- Se¢retsry Kelly Stevenson- TrwJJer Lisa Broomfield - Mèmber REGISTEREO OFFICE High Stretst Burgh Lè Marsh Skegness Lincolnshire PE24 5JS CHARITY NUMBER 1177W8 ACCOUNTANTS Greenhalgh Johnson Ltd Accounlanls & Tax Advisers Elland House 22 High Street 8urgh le Marsh Lincolnshire PE24 5JT pa9è 1 Sunshin• Children's Centre CIO FOR THE YEAR ENDEO 3110812024 TRUSTEES. REPORT PRINCIPAL ACTIWTIES The trustees present their report and accounts for the year enfJs become involved in the aaryitses of s￿h group$, onsu14rvJ thal such groups offer opportun¢ties for all children whatever their race. culture. relig￿n, means or ability.. bl Encouraging the study of the needs of such childfen and their farnil*s and promoting public interest in and recognition of such needs in the local areas., ¢1 Instiga￿'n9 and adhering to and lurthefing the aims s)bJ￿ti¥eS of Ihe Prfrschool Leamlng Alliance. As Trustees, we are confidenl Ihat we have compl*d with the duty in section 4 01 Ihe Charities Act 2C&8 lo have due f¥gard lo public benefit guidance published by the Commission. AchS•vèm•rtts •nd Performanc• Sunshin& currenlty has 156 children on roll and employs 33 stsff. The a￿oUnt$ for Sunshine Chiklren'$ cenlre. chanty nwnber 1177CTh for the peric¥J 01.08.2023-31.06.2024 8hrw a profit of£24,682 EYE funding ir￿eased in the year and wages costs wvJea8ed. Capital reserves were spent On Ihe lollowing areas". Converfir¥J Ihe lea room lo a new pL4yrTrJm (Butteffliesl, fenan9 in Iha gardgn. replarjng he81 exthange unrt in preschcd room. corades Icotsl and mals in yL￿￿je[ rooms. )Ih the rise in utility bills. Ihe increase to the minimum wage from Awl Ihis year and the InC￿asing cosls ol food and consumables we need to be careful with our finances ihis year. The gov¥mmenl EYE ￿ndIng has bare￿ Intreased 3 years old funding from Apnl 2024. rneaning the gap beNveen our houdy rale and what the Govemmtrnl fvnd is £2 Fer hour 15 houis Chikkare forworking families 012 year ¢Yds is coming in this April which is great news for our families and the EYE rate Js mNe CL)mparabJe wrth Ouf U4vn hourty rale. We are looking forward lo wethming the Government's ¢hiklG4re ￿ndIrrfj offer for chik1￿￿ aged 9 months lo 23 months In September this year. We have yèl lo hear the hourfy rale for nurseries for Ihis funding. Our voluntary charge for chiklren wth lundiThJ ￿MainS at £3 Fer session. this is lo help wrth Consumab￿S and acliviti8S. Although we do not like asking parents for this we do led Ihal rt rep￿$￿1$ gCrt#J Val￿ need rt lo keep the nursery runniro. Wa a￿ monitoring the cash flowvery ¢losely on a weekly basisand have est8tALshed bLwJgetsfof spending. We will be keeping capital expendrture lo a minimurn this year. We have been making cost sawn9s where possib￿ to ensu￿ that we remain as financAally v¢at4e as possibb keep ahead ofourSe￿es. We ask pa￿nts ¢0 ensure that they work wrth us by pa￿.ng Ih&'f fees promplly ar￿ in lull. Ou¥ rtputalion for catering for th1hy￿n wilh addrtional needs ￿n￿nUeS to groAt and we a￿ 0150 providing increasing levels ol support to familie in need, which makes us all very proud lo be part ol sunshi￿ This dc*s come at a finarwl ¢051 and we are constantly lookin9 forways to gel more funding to support these areas as they are severety W￿erfvnded. page 3 Sunshinè Children's Centre CIO FOR THE YEAR ENDED 3110812024 FOR THE YEAR ENDED 3110812024 TRUSTEES. REPORT FINANCIAL REVIEW The charity ieported a profil of £24.682 the year tr￿ed 31 Augusl 202412023.. defiry"1 £25.5791. The truste¥s have Impbemented and are w0￿1n9 towards a poly thai wll require the hc4ding ol three months running costs in ieseN&s in line with current advisory r8quiremenls. Reserves held at 31 August 2024 were £157,C6312023.. £132,381). STRUCTURE GOVERNANCE AND MANAGEMENT Sunshin¢ Child￿n,$ Centre is a chariiable incorporated organisalion 8nd was established by ¢onslittutron dated 5 February 2018.1118 8 re9i$ler&d ¢harity. number 1177008 The CIO was eslablishe) Gainsll1088•81 on rev•luatlon of fixèd •MMt• N•t movement in fund•= Net Income for the ytar Total funds brought forward Net funds carrlèd lorword 24.682 132,381 157.063 24.682 (25.5791 132.381 157.960 IS7,063 132.381 This statement of financial aclivrtie8 indudes all gains and losses rewnised In year. Al income and expenditure derivo from continuing activities page 7 Sunshin• Children'g Centre CIO BALANCE SHEET AT 3110812024 2024 2023 FIXED ASSETS Tangible assets gJ,485 .537 CURRENT ASSETS Debtors lamounls falling dug vAthin one yearl Cash al bank 8nd in hand 1.412 87. 190 88.602 5.808 111.749 113.049 5,837 CREDITORS.. Amtwnts falling due wlthln ono y•or NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIA8IUTIES 107,212 157.697 82. 794 733,331 CREDITORS.. Amounts falling due after mor* thon one y￿r 950 NET ASSETS 157.C63 132,381 CAPITAL AND RESERVES Unr¥8trlcted fund• Gen8ral lund 157.C63 157.C63 732,381 132.381 For the year ending 31108r2024 th& ccwnpany w85 enlilled to exempth￿ under section 477 01 the Compan￿8 Acl 2006 relating to small companies. The members have not required lh& ¢ornpany lo obtain an audit Trn Xcordance wlh section 476 01 the Companies Act 20C6. The directors 8¢knowledge their responsibilities lor complying with the iequiremenls ol the Act wilh lo$p￿ io accounting ￿cOrdS and the preparation ol accounts. These accounts have been prepared in a¢¢ordan¢e with Ihe provisThi$ Wtable io companies subJe¢l lo Ihe small cornpanie& regime. Approved by th• board of tru•t••• on •nd •lgned on th￿r b•half ty Debbie Wlloughby Chair page 8 Sunshine Childrnn's C¢ntre C NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 3110812024 1. ACCOUNTING POLICIES la. Ba818 Of Accounting The charity is règistered as a CIO (Charitable 1nrJo￿Jrated Or9anisalionl with Ihe Charity Commission for England and Wales Sunshine Children's Centre Ineels the definition of a public benefrt entitry under FRS102 The accounts have been prepared under the historical cost convention with Items reco9nised at cost or transaction value unless otherwise stated in the relevant notes lo Ihese accounts. The accounts have been prepareil in accordance ￿1h the Statement ol Reu)mmended Practice. Ac¢ouniing and Reporting by Charilios preparing their account5 in accordance with Ihe Financsal Reportsn9 Stsndard applicable in the UK and Republic of Ireland IFRS1021 leffedive 1 January 20191, the FinancAal Repo￿.n9 Standard applicable In the UK and Republic of I￿land IFRS1021 and the Charits'es Act 2011. 1b. Incoming Re8oure All incoming resources are in¢tuded on the Stalemenl of Financial ActNi1￿5 vA)en ihe tharity is legalty enlrtled iothe income and the amounl can be quantifiens are only induded in the SOFA when the general incryne recognilion ¢nlefi8 are rnel IFRS 102 SORPI. In the case ol Pérformance related grants, Income is only reco9nised to the exlent that the ¢haTIty has provided tho specified good5 or services as enlitlemenl to the granl only occur5 when th8 perfOrm￿Ce relaled co￿￿￿n$ are met IFRS 102 SORPI. The charity has received govemmenl granls in lh¢ reporting period. There has been no offsel￿.￿g ol assfjt$ and 11a￿.1411e8. or income and e¥penses. unths retyir￿ or permitted by lh& FRS 102 SORP or FRS 102, 1c. Re8ourc•8 Expend•d All expenditure Is accounted for on an accruals bags and recognised once the￿ 15 a legal or ¢onslructNe 0￿19ation to that exwndilure, it is probable settlement IB requi￿) and the gmount can be measured reli8bty. 1d. Allocation And Apporti¢)nment Of Costs All ¢o$ts rtslale lo the s4ngl& a¢tivity f)1 Ihe charity and are rwnised aCcord￿￿J1y. 1•. Taxatlon The tharity is exempl from tox on its ¢haritable aclNitie$. page 9 Sunshine Child￿n.$ C•ntr* CIO 1f. Fund Account5n9 Unrestricted funds can be used in acLordanc8 the charila￿e objecty.ves at the discjdion of the trustees. Restricted funds can only be used fof partiojlar iestricled purposes wthin the obl￿ts of the charity. Rtrstri¢A¢ons arise when specified by the donor Of when funds are rafsed for particular ￿$tri￿ed purposes. Oesign8te(J fvnds are funds sét a$￿e by the trustees wi of L￿￿stric18d general ftmds lor tt* specific future ptsrpose$ or proj'ecls. 19. Going Concom The financial statements have been prepared on J going con¢em ba￿s. as the Trustees believe Ihal no material uncertainty exists. The Trustees have con&de¥ed Ihe level ol funds held and thè expected level of income and expenditufe lor ￿1ve months from authorising these financial slalernenls and consider thes¢ sufficEnt foi Ihe Charity to be able to contsnue a5 a going concern. 1h. Deprocla￿an Dtrpreuation has been provided al the Idlowng rates in order lo wiile off the assets ovef their estimated U￿ful lives. Short Leasehold Properties Fixtures and Fith'n96 reducing balan¢e 15Vo reducing balanc¥ 25% 11. P•nslon c￿t4 The charity operates a defined contributron pensKJn 8dwrt¢. The penston chafge represents the amounts payable by the charity to Ihe fund in respect ol the year. 15. Gov•mm•nt Grant• Government grants are recognised based on Ihe accrual n￿le1 and are mèa$ure(18t the fair value of Ihe asset received or receivable. Grants are ¢lassified as relating either lo revenue or lo assets Grants relaiing lo ￿VenUe are re¢ognised in incorne over the period in which th rèlated c051s are iecognised. Grants relatin9 to 8&sels ale recognised over th& expgcled u6elul life ol th• a$sei. Where part ol 8 9rani relating to an asstrl Is delerred. it is ￿¢09n1$ed as deferred incorne 1kl. Flnanclal Guarnnt•¢• The charity only has finanoal assets and liats'lilies ola kind that qualify as basic finanaal in$truments, Basi¢ financial instruments are initially recognised al transaction value and subsequenlly measured ai thwr seltlemenl value page 10 Sunshine Child￿￿.$ Centre CIO 2. STAFF COSTS 2024 2023 Wages and $21arE5 Social Security Costs Pension Costs 438.945 19.825 755 465,525 395.891 15, 734 416.718 The average number ol persons employed by the charty during the yearwas No employees received •moluments of rn0￿ that £60.CW lor the year 33 32 2. PENSION CONTR18UTIONS 2024 2023 Pens¢on contributi￿$ 6.755 5,093 3. TAfrIGI8LE FIXED ASSETS Sl)ort L•¥whold FlxtureB and Fllling• T¢tsl Co•t At 0110912023 Additions Disposals AI 3110812024 Dèprnciati¢n At 0110912023 Disposals For the yèar AI 3110812024 Not Book Amounts At 31108r2024 AI 31108r2023 48.738 10,320 39,138 87.878 10.629 15.9891 92.516 15,9891 33.458 59.058 14,970 22,369 14.0351 4,318 22.652 37.339 14.0351 8.727 42,031 19,379 39,679 33 768 10.806 16.769 50.485 ).537 4. OEBTORS 2024 2023 Amounts falling due within onè year.. Other debtors 1,300 1,412 1.472 page11 Sunshin¢ Children's Centre CIO S. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Taxation and social sewrty Oth&r uedrtors 2.485 3,352 5.837 2,485 3,323 5,808 6. CREDITORS.. AMOUNTS FALLING OUE AFTER MORE THAN ONE YEAR 2024 2023 Other ¢re(Jil￿6 634 634 950 7. UNRESTRICTED FUNDS Brought Incomlng Outgolng f¢)rward resourc•s rn•oure*s C•rrbgd lo￿ard Trnn•f•rs Gen•ral fun<1 132.381 132.381 595.419 595.419 1570,7371 1570,7371 157.063 157,063 8. RESTRICTEO FUNDS Brought Incomlng Outgolng Transfern C•rrb fotrward 9. RELATED PARTY TRANSACTIONS There We￿ no related party transactK)ns in the year. P8ge 12 Sunshine Childr•n's Centre CIO 10. TRUSTEES REMUNERATION AND EXPENSES None ol the Trustees have been paid any remuneration or TeceNed any Olhe¥ benefft from eTnployment with the charity in the current or previous year. No trustee expenses have bgen r•mbursed in Ihe current of prevK)u$ year. 11. GOVERNANCE COSTS 2024 2023 Inderéndenl Examinerfs remuwal Independent Examinerfs remuneration fof other swvi 810 1.2 page 13 Sunshine Children's Centre CIO Incoming Resourc for the year ended 3110812024 2024 2023 Incomlng r•$ouf¢eS Government- EYE Funding Government grant re capital expenditure Grants Donations 255.607 228,510 316 421 4,505 1,500 9.036 4,800 269 464 235 231 Int•r¢•t Income Playgroup Fees 1, 118 324,836 447 245.343 595,419 481,021 page 14 Sunshine Children's Centr• CIO for the ygar ended 31K8r2024 2024 2023 Expen8e8 Costs of generating funds Charrtsble Activiti Playgroup Purchases Direct expenses Advertisin9 Staff entertaining Water rattrs Heal and light Rent Cleaning Repairs and renewal$ Wages- regular NIC employer Iw8ges and 8alE4ies} Pension rDntnbu￿'￿ Training Equipment rental Professional le8$ Insurance Stationery & office Suppkes Telephona Subscriptions Card chargés Bank charges Sundry expenses Depreualion of short1&gs&hold Deprec4ation of fixtures and frttin9$ LOBS on fixtures and fittings disposal 26.616 15.026 47 405 1.685 983 11,943 12.356 8,924 12.995 395,891 15, 134 5,093 7. 109 272 4,330 7.685 2,174 930 1.304 12.121 12,3 7.611 15.215 438.945 19.825 6,755 1,431 73 5,338 1,746 2,454 2,743 70 556 247 2,577 176 554 297 3,751 5.594 4,318 568,613 Gov•m•n¢e Co•t• Accountancy 2.124 2,124 2, 100 2,100 570,737 6,600 Charity number. 1177CX)8 SurBhine Childrnn's Centre CIO UNAUDITED ACCOUNTS FOR THE YEAR ENDED 3110812024 Prèpared By: Greenhalgh Johnson Ltd Acc￿ntantS & Tax Advisers Elland H￿￿$6 22 High Street Burgh le Marsh Lincolnshiro PE24 5JT Sunshlne Chtrldren's Centre CIO ACCOUNTS FOR THE YEAR ENDED 3110812024 CONTENTS Pag& Report of the Trustees Independent Examine￿8 Ststement Slalemenl ol Finan￿al ActNit￿$ 10 Balonce Sheet Notes to the Accounts 121015 Delailed Statement of Finanaal A¢bvrtie5 15 Page 2 Sunshine Childrèn's Centre CIO FINANCIAL STATEMENTS FOR THE YEAR ENDEO 3110812024 TRUSTEES Debbie Willoughby- Chair Thomas Wardenn- Se¢retsry Kelly Stevenson- TrwJJer Lisa Broomfield - Mèmber REGISTEREO OFFICE High Stretst Burgh Lè Marsh Skegness Lincolnshire PE24 5JS CHARITY NUMBER 1177W8 ACCOUNTANTS Greenhalgh Johnson Ltd Accounlanls & Tax Advisers Elland House 22 High Street 8urgh le Marsh Lincolnshire PE24 5JT pa9è 1 Sunshin• Children's Centre CIO FOR THE YEAR ENDEO 3110812024 TRUSTEES. REPORT PRINCIPAL ACTIWTIES The trustees present their report and accounts for the year enfJs become involved in the aaryitses of s￿h group$, onsu14rvJ thal such groups offer opportun¢ties for all children whatever their race. culture. relig￿n, means or ability.. bl Encouraging the study of the needs of such childfen and their farnil*s and promoting public interest in and recognition of such needs in the local areas., ¢1 Instiga￿'n9 and adhering to and lurthefing the aims s)bJ￿ti¥eS of Ihe Prfrschool Leamlng Alliance. As Trustees, we are confidenl Ihat we have compl*d with the duty in section 4 01 Ihe Charities Act 2C&8 lo have due f¥gard lo public benefit guidance published by the Commission. AchS•vèm•rtts •nd Performanc• Sunshin& currenlty has 156 children on roll and employs 33 stsff. The a￿oUnt$ for Sunshine Chiklren'$ cenlre. chanty nwnber 1177CTh for the peric¥J 01.08.2023-31.06.2024 8hrw a profit of£24,682 EYE funding ir￿eased in the year and wages costs wvJea8ed. Capital reserves were spent On Ihe lollowing areas". Converfir¥J Ihe lea room lo a new pL4yrTrJm (Butteffliesl, fenan9 in Iha gardgn. replarjng he81 exthange unrt in preschcd room. corades Icotsl and mals in yL￿￿je[ rooms. )Ih the rise in utility bills. Ihe increase to the minimum wage from Awl Ihis year and the InC￿asing cosls ol food and consumables we need to be careful with our finances ihis year. The gov¥mmenl EYE ￿ndIng has bare￿ Intreased 3 years old funding from Apnl 2024. rneaning the gap beNveen our houdy rale and what the Govemmtrnl fvnd is £2 Fer hour 15 houis Chikkare forworking families 012 year ¢Yds is coming in this April which is great news for our families and the EYE rate Js mNe CL)mparabJe wrth Ouf U4vn hourty rale. We are looking forward lo wethming the Government's ¢hiklG4re ￿ndIrrfj offer for chik1￿￿ aged 9 months lo 23 months In September this year. We have yèl lo hear the hourfy rale for nurseries for Ihis funding. Our voluntary charge for chiklren wth lundiThJ ￿MainS at £3 Fer session. this is lo help wrth Consumab￿S and acliviti8S. Although we do not like asking parents for this we do led Ihal rt rep￿$￿1$ gCrt#J Val￿ need rt lo keep the nursery runniro. Wa a￿ monitoring the cash flowvery ¢losely on a weekly basisand have est8tALshed bLwJgetsfof spending. We will be keeping capital expendrture lo a minimurn this year. We have been making cost sawn9s where possib￿ to ensu￿ that we remain as financAally v¢at4e as possibb keep ahead ofourSe￿es. We ask pa￿nts ¢0 ensure that they work wrth us by pa￿.ng Ih&'f fees promplly ar￿ in lull. Ou¥ rtputalion for catering for th1hy￿n wilh addrtional needs ￿n￿nUeS to groAt and we a￿ 0150 providing increasing levels ol support to familie in need, which makes us all very proud lo be part ol sunshi￿ This dc*s come at a finarwl ¢051 and we are constantly lookin9 forways to gel more funding to support these areas as they are severety W￿erfvnded. page 3 Sunshinè Children's Centre CIO FOR THE YEAR ENDED 3110812024 FOR THE YEAR ENDED 3110812024 TRUSTEES. REPORT FINANCIAL REVIEW The charity ieported a profil of £24.682 the year tr￿ed 31 Augusl 202412023.. defiry"1 £25.5791. The truste¥s have Impbemented and are w0￿1n9 towards a poly thai wll require the hc4ding ol three months running costs in ieseN&s in line with current advisory r8quiremenls. Reserves held at 31 August 2024 were £157,C6312023.. £132,381). STRUCTURE GOVERNANCE AND MANAGEMENT Sunshin¢ Child￿n,$ Centre is a chariiable incorporated organisalion 8nd was established by ¢onslittutron dated 5 February 2018.1118 8 re9i$ler&d ¢harity. number 1177008 The CIO was eslablishe) Gainsll1088•81 on rev•luatlon of fixèd •MMt• N•t movement in fund•= Net Income for the ytar Total funds brought forward Net funds carrlèd lorword 24.682 132,381 157.063 24.682 (25.5791 132.381 157.960 IS7,063 132.381 This statement of financial aclivrtie8 indudes all gains and losses rewnised In year. Al income and expenditure derivo from continuing activities page 7 Sunshin• Children'g Centre CIO BALANCE SHEET AT 3110812024 2024 2023 FIXED ASSETS Tangible assets gJ,485 .537 CURRENT ASSETS Debtors lamounls falling dug vAthin one yearl Cash al bank 8nd in hand 1.412 87. 190 88.602 5.808 111.749 113.049 5,837 CREDITORS.. Amtwnts falling due wlthln ono y•or NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIA8IUTIES 107,212 157.697 82. 794 733,331 CREDITORS.. Amounts falling due after mor* thon one y￿r 950 NET ASSETS 157.C63 132,381 CAPITAL AND RESERVES Unr¥8trlcted fund• Gen8ral lund 157.C63 157.C63 732,381 132.381 For the year ending 31108r2024 th& ccwnpany w85 enlilled to exempth￿ under section 477 01 the Compan￿8 Acl 2006 relating to small companies. The members have not required lh& ¢ornpany lo obtain an audit Trn Xcordance wlh section 476 01 the Companies Act 20C6. The directors 8¢knowledge their responsibilities lor complying with the iequiremenls ol the Act wilh lo$p￿ io accounting ￿cOrdS and the preparation ol accounts. These accounts have been prepared in a¢¢ordan¢e with Ihe provisThi$ Wtable io companies subJe¢l lo Ihe small cornpanie& regime. Approved by th• board of tru•t••• on •nd •lgned on th￿r b•half ty Debbie Wlloughby Chair page 8 Sunshine Childrnn's C¢ntre C NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 3110812024 1. ACCOUNTING POLICIES la. Ba818 Of Accounting The charity is règistered as a CIO (Charitable 1nrJo￿Jrated Or9anisalionl with Ihe Charity Commission for England and Wales Sunshine Children's Centre Ineels the definition of a public benefrt entitry under FRS102 The accounts have been prepared under the historical cost convention with Items reco9nised at cost or transaction value unless otherwise stated in the relevant notes lo Ihese accounts. The accounts have been prepareil in accordance ￿1h the Statement ol Reu)mmended Practice. Ac¢ouniing and Reporting by Charilios preparing their account5 in accordance with Ihe Financsal Reportsn9 Stsndard applicable in the UK and Republic of Ireland IFRS1021 leffedive 1 January 20191, the FinancAal Repo￿.n9 Standard applicable In the UK and Republic of I￿land IFRS1021 and the Charits'es Act 2011. 1b. Incoming Re8oure All incoming resources are in¢tuded on the Stalemenl of Financial ActNi1￿5 vA)en ihe tharity is legalty enlrtled iothe income and the amounl can be quantifiens are only induded in the SOFA when the general incryne recognilion ¢nlefi8 are rnel IFRS 102 SORPI. In the case ol Pérformance related grants, Income is only reco9nised to the exlent that the ¢haTIty has provided tho specified good5 or services as enlitlemenl to the granl only occur5 when th8 perfOrm￿Ce relaled co￿￿￿n$ are met IFRS 102 SORPI. The charity has received govemmenl granls in lh¢ reporting period. There has been no offsel￿.￿g ol assfjt$ and 11a￿.1411e8. or income and e¥penses. unths retyir￿ or permitted by lh& FRS 102 SORP or FRS 102, 1c. Re8ourc•8 Expend•d All expenditure Is accounted for on an accruals bags and recognised once the￿ 15 a legal or ¢onslructNe 0￿19ation to that exwndilure, it is probable settlement IB requi￿) and the gmount can be measured reli8bty. 1d. Allocation And Apporti¢)nment Of Costs All ¢o$ts rtslale lo the s4ngl& a¢tivity f)1 Ihe charity and are rwnised aCcord￿￿J1y. 1•. Taxatlon The tharity is exempl from tox on its ¢haritable aclNitie$. page 9 Sunshine Child￿n.$ C•ntr* CIO 1f. Fund Account5n9 Unrestricted funds can be used in acLordanc8 the charila￿e objecty.ves at the discjdion of the trustees. Restricted funds can only be used fof partiojlar iestricled purposes wthin the obl￿ts of the charity. Rtrstri¢A¢ons arise when specified by the donor Of when funds are rafsed for particular ￿$tri￿ed purposes. Oesign8te(J fvnds are funds sét a$￿e by the trustees wi of L￿￿stric18d general ftmds lor tt* specific future ptsrpose$ or proj'ecls. 19. Going Concom The financial statements have been prepared on J going con¢em ba￿s. as the Trustees believe Ihal no material uncertainty exists. The Trustees have con&de¥ed Ihe level ol funds held and thè expected level of income and expenditufe lor ￿1ve months from authorising these financial slalernenls and consider thes¢ sufficEnt foi Ihe Charity to be able to contsnue a5 a going concern. 1h. Deprocla￿an Dtrpreuation has been provided al the Idlowng rates in order lo wiile off the assets ovef their estimated U￿ful lives. Short Leasehold Properties Fixtures and Fith'n96 reducing balan¢e 15Vo reducing balanc¥ 25% 11. P•nslon c￿t4 The charity operates a defined contributron pensKJn 8dwrt¢. The penston chafge represents the amounts payable by the charity to Ihe fund in respect ol the year. 15. Gov•mm•nt Grant• Government grants are recognised based on Ihe accrual n￿le1 and are mèa$ure(18t the fair value of Ihe asset received or receivable. Grants are ¢lassified as relating either lo revenue or lo assets Grants relaiing lo ￿VenUe are re¢ognised in incorne over the period in which th rèlated c051s are iecognised. Grants relatin9 to 8&sels ale recognised over th& expgcled u6elul life ol th• a$sei. Where part ol 8 9rani relating to an asstrl Is delerred. it is ￿¢09n1$ed as deferred incorne 1kl. Flnanclal Guarnnt•¢• The charity only has finanoal assets and liats'lilies ola kind that qualify as basic finanaal in$truments, Basi¢ financial instruments are initially recognised al transaction value and subsequenlly measured ai thwr seltlemenl value page 10 Sunshine Child￿￿.$ Centre CIO 2. STAFF COSTS 2024 2023 Wages and $21arE5 Social Security Costs Pension Costs 438.945 19.825 755 465,525 395.891 15, 734 416.718 The average number ol persons employed by the charty during the yearwas No employees received •moluments of rn0￿ that £60.CW lor the year 33 32 2. PENSION CONTR18UTIONS 2024 2023 Pens¢on contributi￿$ 6.755 5,093 3. TAfrIGI8LE FIXED ASSETS Sl)ort L•¥whold FlxtureB and Fllling• T¢tsl Co•t At 0110912023 Additions Disposals AI 3110812024 Dèprnciati¢n At 0110912023 Disposals For the yèar AI 3110812024 Not Book Amounts At 31108r2024 AI 31108r2023 48.738 10,320 39,138 87.878 10.629 15.9891 92.516 15,9891 33.458 59.058 14,970 22,369 14.0351 4,318 22.652 37.339 14.0351 8.727 42,031 19,379 39,679 33 768 10.806 16.769 50.485 ).537 4. OEBTORS 2024 2023 Amounts falling due within onè year.. Other debtors 1,300 1,412 1.472 page11 Sunshin¢ Children's Centre CIO S. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Taxation and social sewrty Oth&r uedrtors 2.485 3,352 5.837 2,485 3,323 5,808 6. CREDITORS.. AMOUNTS FALLING OUE AFTER MORE THAN ONE YEAR 2024 2023 Other ¢re(Jil￿6 634 634 950 7. UNRESTRICTED FUNDS Brought Incomlng Outgolng f¢)rward resourc•s rn•oure*s C•rrbgd lo￿ard Trnn•f•rs Gen•ral fun<1 132.381 132.381 595.419 595.419 1570,7371 1570,7371 157.063 157,063 8. RESTRICTEO FUNDS Brought Incomlng Outgolng Transfern C•rrb fotrward 9. RELATED PARTY TRANSACTIONS There We￿ no related party transactK)ns in the year. P8ge 12 Sunshine Childr•n's Centre CIO 10. TRUSTEES REMUNERATION AND EXPENSES None ol the Trustees have been paid any remuneration or TeceNed any Olhe¥ benefft from eTnployment with the charity in the current or previous year. No trustee expenses have bgen r•mbursed in Ihe current of prevK)u$ year. 11. GOVERNANCE COSTS 2024 2023 Inderéndenl Examinerfs remuwal Independent Examinerfs remuneration fof other swvi 810 1.2 page 13 Sunshine Children's Centre CIO Incoming Resourc for the year ended 3110812024 2024 2023 Incomlng r•$ouf¢eS Government- EYE Funding Government grant re capital expenditure Grants Donations 255.607 228,510 316 421 4,505 1,500 9.036 4,800 269 464 235 231 Int•r¢•t Income Playgroup Fees 1, 118 324,836 447 245.343 595,419 481,021 page 14 Sunshine Children's Centr• CIO for the ygar ended 31K8r2024 2024 2023 Expen8e8 Costs of generating funds Charrtsble Activiti Playgroup Purchases Direct expenses Advertisin9 Staff entertaining Water rattrs Heal and light Rent Cleaning Repairs and renewal$ Wages- regular NIC employer Iw8ges and 8alE4ies} Pension rDntnbu￿'￿ Training Equipment rental Professional le8$ Insurance Stationery & office Suppkes Telephona Subscriptions Card chargés Bank charges Sundry expenses Depreualion of short1&gs&hold Deprec4ation of fixtures and frttin9$ LOBS on fixtures and fittings disposal 26.616 15.026 47 405 1.685 983 11,943 12.356 8,924 12.995 395,891 15, 134 5,093 7. 109 272 4,330 7.685 2,174 930 1.304 12.121 12,3 7.611 15.215 438.945 19.825 6,755 1,431 73 5,338 1,746 2,454 2,743 70 556 247 2,577 176 554 297 3,751 5.594 4,318 568,613 Gov•m•n¢e Co•t• Accountancy 2.124 2,124 2, 100 2,100 570,737 6,600