Company number.. 5876714 Charity nuTnber'. 1124335 TRUSTEES, REPORTS AND FThANCIAL STATL. fENTS YEAR EM)ED 31 MARCH 2024
E SUNSH CENTrE INDEX Referen¢e and AdMistratIOn Trustees, Report Indqbendent a)Der'S Report 9-10 stst¢went of Slnandal Activities li Balance Sheet 12 Statement of C4sh 13 Related Note8 14k27
REFERENCE AND ADMINISTRATIVE DETAILS TRUSTEESIDIRECTORS: John Bridgeman CBE TD DL- Cbair Harvey iMarcovitch- Deputy Chair sur11cr Dbesi Frank Richardson- Pensions Lead Jennif¢r Hatri5- Funding Strategy Lead Benwd Goodchild- Finance tAd David Endicott (resiglled 12" July 2024) April Guine5s- Safeguardin8 tE4d (app)In1 25* October 2023) Katbryn Ho11 (appoint¢d 2 ApTiI 2024) RKGisfEBED OFFICE: The Sunshine Centre 186 Edmunds Road Banbury Oxfordshire OX16 OPJ REGISTERED NUMBERS: Company No.. 5876714 ChaTity No: 1124335 INDEPENDENr Forvis Ma72r5 LLP The PiDDacl¢ 160 m1UMMer Boulevard "Iton Keynes MK9 IFF CAF Bank Lirnited 25 Kings Hill Avenue Kings Hill West Mailing Kent ME19 4JQ
TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their report togth with the fillcIal statemcnts for the year ended 31 Ma 2024. STRUCTU GOVERNANCE MANAGEMENr The Sunsbine Celltre is a local, voluntary, charitable organisatioTr The Sunshine C¢ntr¢ was founded in January 1998. becaD]e a registered ¢hatity in April 20LKI and a Company Limited by Guarantee IL November 2008. The Chlty established under a constitution that defines tbe obj¢¢tives and powers of th¢ charitsblc SunsbitK Centre. This year we cnjoyed our 25th al1Ve]y. CHARrfABLE OBJECTS FOR THE PUBIIC BENIFrr To al$t in the provision ofactivities and facilities for the advancementof education and in the int¢r¢sts of play and social welfar& foT th¢ particular IKnefft of the residents of the Bretch Hill area of Banb al with the proviso that the activities alld facilities are freely available to all living within the are To bring together in a common effort all pff50ns wishing to prote the above objective in the Bfftch Hill area by co-operative and mutually supportive activities, in acc4)rthc¢ with Chenvell District Council policies for play and c¢)mmullity development and OxfoTdshire County Council policies for community ethication. health, education and S(181 aTKI health ¢4r To promote the above objects without diScriatiOll to th¢ d¢trlrnt of any individual on the grounds of their Golour, ethnic or natioDal Origi disability. Trligiolls belie£ 8e& sexual on¢ntatio poliiical or other opijjion. With ourpartners we work together to provide holistic services to families and disadvantaged childTrn. There is a strong emphasis on early y*s education and early intervention but in additiou we also act as a hub for high quality provision and a hub for activities and resources for the local community enhancing the range Of0p)rtUnitieS available to all. THE TRUSTEES Th¢ Charity TStee8 att volunteers with 8 wide brewjth of knowlge and ¢xperience. The Trustees are legally responsible for the governance and management of the Sunshine Centre. The nam¢5 and occupations of the TnteeS are a5 follows: JOI Bridgeman CBE TD DL cbaIrn- Managcment Consultant. Pension TTusÉee of Britisb Horseracing Authority. Chainuan of Audit & Standards Committee of Warwicksbire County Council, Tn¢¢ of Oxfordshire Yeomanry Tn]st and the Soldiers of OxfoTdshire Mweutn TrwL Independent Complaints Adiudicator of the Direct Marketing Conunission 2nd a Dwuty Lieutenant of OxfoTdshire. Surinder Dhesi- Dislti¢t and Town COulUr. Frank Richardson- Retired. working career in ManagemenL Investrnents and Governance of Corporate Pension Schemes ond Arrallgements.
TRUSTEES? REPORT FOR THE YEAR EfADED 31 MARCH 2024 Harvey Marcovitch- Retired Pwliatrician ar Tnl>unal Chairn and SCItifiC joumal editor. Jenllifer Hanis- Retired family mediator and cljarity m811w. Bernard Goodchild- Pra(ti¢ing as MaDag¢ment Supp)rt for sh,8. April Guiness- Retired head teacher of primary school with extensive exwience of ¢urriculunL recn]ilmenL manageent and p)licy revi¢ws. Kathy Hall Education Executive for Oxford UDiveT5ity. She ha5 extenstve Him]an R¢$ources experience and we are tbrilled tha¢ in April 2024 $he cepted the SitiOn of HR trustee for The Sunshin¢ Centr¢. TRUSTEE RECRUITMENf AI¥D TRALYING On joining The SuTJsbine Centre Board of TTUSte¢s, Trnstees e1ve & structured Induction pn)cess, during which they tour tILe Ctre. meet senior staff and are bri¢led on their legal OblitiOnS under charity and company law, the content of the Memorandum aDd AniGl¢s of Associatio the con)mitt¢¢ and decision-making rKocesscs. the bSine&S plan and recent financial kKrforn]ance of tbe charity and the fimdraising plan. Trnsfres a150 uThlertake training events, where these facilitate their role. The Sunshine Centre has indemnity insurdDce coverfor its Trustees of £500,OOOpaid for by the organisation at a cost of £530 (2023: £561). We 3r¢ a¢tivcty recNiting for tyew Trust¢e& ORGANISATIONAL STRU The Tn]stees are responsible setting str8tegi&s and lICi¢S andensuringthat these 8re impl¢m¢nted. The following sub-groups hav¢ been &stablished: A Finance and Audit Committee of the Board b&s been ¢stab]ished whAch covers all financial and rel&¢d matters. A Human ROurCeS Committee which covers polici aDd staff related ntte[S including pensions. A Funding Strategy Comullttee who led on considering fij[18 options for the of the Centre. PAY POLICY FOR SENIOR STAFF The directors are the charitys Tntees. The Senior management learn comprises the key management persottnel of the charity in charge of drertiDg and controllin& nmtiing and operating the ¢harity on a day-to-day basis. All directors give of their time freely and no director received remuneration in the year. Detsils of directors, eXrnseS andrelated party transactions ar¢ disclosed in note 8 to the accounts. The pay of the senior staff is reviewed annually and llornially benchrn8sked against p&y levels ID other ¢ompardble cbarities and other entities in the volunlary sector.
THE SUNSHINE CENTRE TRLSTEES, REPORT FOR THE YEAR LryDED 31 MARCH 2024 The Centre uses the laÉ¢st demograpbic InforntiOn 8nd statistics lo 1St in how best it can provide services for the IC public benefit This year wehave bigIghted the needforap)8tnatal group for identAfied parents who struggle socially and emotionally and aparentiog course for families wl)o have children with additional ] We aimto fulfil our objectives througb c4nnmunity centre activiti4 taking tn the chlty Conjmission's general gui¢Jance on public benefiL We believe a strong conunut]ity-based approacb is essential to maknng a real dIffer¢e to children's life chan¢¢s alld we continually strive to achieve and maintsin this. HOW OUR ACTIVITIES DELIVER PiJBLIC BENEFTT TO THE CWLDREN AND FAMILIES OF BANBURY: The centre provides multi-agency servi9 and is a point of universal awess for ChilthE fnIlle8, the local commwiity and professional ag¢noie8. We provide a range of seThi8 including, but not exhaustive, early YrS care and educatio family supporL ovtreach into the family home, support into traintng and employtnenL mamity and pOst[tal sllprt and servic4 services to mitigate isolation, services helping to improve povetty, and liDk5 to other specialist services. In addition to this we are h05t to a range of other orgdnisations su¢b 4$ NHS midwifery atld health visitor services, Citizens Advic4 the local council advisory and c4)n5u]trtion wices. We are growillg this part of our organisation through the County Coll11 Community Hub scheme and are consulting with them. This will bring new servi¢¢s to the and provide the Organition with an additional income source. Listenlng and CoAsultlng wfth cblldr¢n, famllles and the local commumlty This work 18 embedded in OUrerydaY prnctice and plays a key role in eVahting rrices, identifying unmet needs, planning and importantly making us a refiective and protiVe eentre. The views of childrw, families, LO groups. the commullity. and partsier agcleS along with our own experience and knowledge of the CottlmuIty inflLLence our planning and th¢ direction of the centre. Tralntng •nd Work EerienCe Acmss the centre we off¢r work experience. student placements, vohmteuing opw)rtunities and apprenticeship placements. Working with Parents and Caregivers The Centre works ¢108ely with parents and caregivers. resp)ndiDg to need su¢h a8 parenting 5UPPOrt. domestic abuse, nutrition and diet, daity life sktl]4 housin& behaviour rnanagement, attending meetings. forni fillin& budgeting. W¢ Continue to see the impact of our anle-natal work with vulrhThbl¢ to be. Working in parthership with Community Midwives adds value to both services and offeES service users the kst possible package of cate. Thi$ group isnow expauding to offttp)st-natsl services alollgside a dediced
TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCB 2024 paTeiLt iDf8nt psychotherdpist. We have developed a domestic abus¢ pathvrny and offer a variety of tailored services tlwough a ¢¢ntral point of refereDCe. We also provide opportw)Étie3 for children and their families to havc tOth¢r and gain new experien¢es Such as try to the SIde. hosting the Bretch Hill SuTkJmer Fest, Fgmily FuD4ay5 and Stay and Plays. (h work wÉth families who have children with special needs continues through our specif Needs worker. We are fortunatr to have the resource of a well-quippd Sellsory Room wluch Children with additional needs enjoy using alld children who have difficulty regulating emotions findthe enviro]]ment calming. This year we have enjoyed Ixing ablc to offer Forest School activities through an external provider for both nutscry cbildTen a1 families. are able to offer non-judwentsl help to residents living in food poY¢rty. Partner AgeD¢ies Our relationships with p8rth¢r agencies and local charitable organisalions is growing from strength to strength. We are part of a wider networknng gr(MW called Bright¢r Futur¢s in Banbury which seeks to inforni local OTganisation5 of who is doing what in tbe tOWD of Banbury and surrounding area5. We have parthered witb our ]nUn18t¢ neighlx)ur organiWions to provideioined up activities and inf0mtion on what Can be aCCed and wh¢tL in the local are& We ¢ontinue to be 4 host organisation for rcjcvant h¢atth and infornjation serYtc¢s both statutory and voluntary. We make every contact C(Kmt and offer Televant signp(K8ting through our well<stablished networks. FANcL REvw tncome in the year ended 31 MarcEL 2024 was £707395 (2023- £648,843). Of thi4 £119,170 (2023.. £77,556) related to restricted projeet activities. A deficit of £33,096 (2023: £143.141) was made in year to 31 March 2024. As at 31 Mar¢h 2024 total resetves w¢re £773.941 (2023: £807.037) of which £91.878 (2023: £105.338) represented restricted funds and £517.379 (2023.. 17379) was desi towards 6 months cover for the Centre if alternative income streams or¢ not forthcoming, and Oth desigthl projects. Principal Fundlng Sources We are indebted to all the org8nis&tioDs that now support the Centre fiDanGially: National Lottery Con]rnUDity Fund. Cherwell District Council supports play schemes and holiday activities and events. Conmlunity Initiatives Fu1 Sallcw Housing: Commullity Fo¢us m Life Readiness SkiLIs, holiday activities ond WO within the domestic abuse field. County Coull¢ilots PrIlty Fund - SupportÈng the CoDynunity larder and warni spaces.
THE SUNSHINE CENTRE TRUSTEFS, REPORT FOR YEAR ENDED 31 MARCH 2024 National LL>ttery Hi)wehold Support fiuKI Private donors who funded tbe ongoing use of the SeLsory lioom. Oxford Community Foundation- Cost of Living Crisi8 The Hcdley Foundation Tathnarton Church Boshia Hinton Oxlep B&Q Neighboudy Lidl CommuDity Fund (Yxfordshire Commutiity and Voluntrry Action (OCVA)- Well together fund and Connccted Conm]wtics Fund Oxfor&8hire C(Mnmwty Foundaiion The majorrisk that impa¢t¢d on the Charity durillgth¢y¢arh&sb¢enthe ¢hailenge of securing charitable funding to colllinue aDd increase our Services to the Cornnty. Ill view of its importallce in providing 8eTvices Éo local families atyl the community in generaL every effort is ma¢k to retsill services. Th¢ Trllste have been available thringthe peri(Kl WiBting and providingadvi¢c to the senior team to Ilow th¢ Centre to continue to operat A fijndraisillg strategy ¢ontinue5 and is ill ronstant r¢view by the Tntstees to ensure that thc activities of The SuDshine Centre continue to flourish. From an operational point of view each year. annual risk a&5e8sments tske platt and ore subject to continual review and nnItoriNg. The TteeS tske all appropriate steps to mod¢rate and manage the tllevitsbl¢ operational risks to whicb staff, voluDteeTS and &ssets of the Swthine Centre e exposed. The Sunshine ctre seaior management team catry out regular reviews of all aspeths of Risk MaragemenL The Trnstees have identifi¢d the major strategic risks to Trvhich the Sun8hin¢ Centre is exErf)sed and continue to meet bi-monthly and monitor the risk for clwity and ensuTe rnea5ure5 An place to mitigate that risk. The Financial strdtegy is rcviewed at every board netItig and at bi-monthly finance meetings. The finance trnstee is in weekly c¢)nts¢t witb th¢ paid Finance Officer and is always aware of th¢ organisation's financial position. An annual review by the TrllS and the nIOr operational management is in place to d¢velop new fiNncial slT8tegi&s and plans. Th¢ principal risk for the charity is sourciog the fimding to cover the children and family support services which were previously fiwded by Oxfor(tshire County Council, to cover this shortfall and tnaintain the future of the Sunshine Centre. The Trust¢¢s utKl¢rtwk a strategic review with the support of professional advisors. A new business plan was detailed as part of this the Board aims to mitigate this risk by using other existing and new scAwces of fimding streams to allow it to pursue charitsble objectives. Our principal aim of bid(bng for new sources of funding rather than fillly ulilizing its existing reserv¢s remains th¢ CUTrent strategy.
THE SUNSHLNE CENTRE TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 RESERVES POLICY tn light of tbc rethced level of fimdtDg thc Tntst8 re-exalnined the Sunsbille Centre's requircments for reserves. Thc Board's ain]s are to maintain th¢ Sunshine Centre with its current complement of staff for as long &8 il call. use Teseryes built up over the 25 yearg of its existence to provid¢ what it sees &8 its important fullction within the Bretch Hill area of BaJbury for the children and families, particularly those that are disadvantsged or in n¢ed of assistance and supp. The Board is however aware that any business cannot contltiue indefitiitely without incorne supporting its costs. It hlls therefore allocated a portion of its reserves to coverthe Centre's costs to a designated reserve to ensure it C8n pay its existing staff and operdtional overheads for at least 6 months. as well as ally possiblc orderly closwe costs if additional income streams arc not fOrthrning. It is hoped the revised strategy as outlined within this report would mean that it would JK)t be n¢¢¢ssary to use all the desigDatrd reSve& INVESTMEiYr poIicY The Sunshine Centre will maintain its legal responsibility to sxk the best return on invesÈTnents, with regard to approprialerisk factors alldusing its tndepend¢nt Finan¢ialAdvisor(Jackson Jefftey Financial SerYi¢¢s Ltd) to advise the Trustees on an appropriat¢ Jnv&stment StraÈegy to adopt. It will. however, maintain reserves in liquid inve8tments that can be r¢81is¢d in the short-ternl coDsid•yng the changes in the Charity's fimding streams. PLANS FOR THE FirruRE Strategic Bustness Plan Th¢ Sunshine Centre's long-term Strategic rernain the same. That is lo maintain &8 rnany of the existlng services, including the childcare (Nursery services). utiIisiDg the remaining fLmdillg streams and where appropriate, existing reseTve5. The charity will con¢tnu¢ to look for new sources of funding to provide wbal it sees are much needed additional Services which iKnefit the advancement ofeducation and in the interests of play and social weifare, for the particular beThefit of the residents of thc Bretch Hill area of Banbury. Th¢ Sunshine Centre is an excellent facility well position1 to be available to the local community. It continue5 to receive very favournble comrnfflts from its Work to improve the liv of ppIe living in an area of deprivatlon in Oxford5hir¢ and has won a number of pr&8tigious awards and new doDor5. It is currently well position¢d to assist the communlty duTiDg the iyjrrent cost of living crisis and has adapted somc services and introduced others to do this. The facilities were expanded in 2019 with the completion of an extets8ioD to th¢ centre fi]nded by Section 106 monie Following 8 full review of the Ceth's lIc]eS and operatioDal 5tandarts the Board decided that a complete Teview of the CIMTity's day lo day activities sb4)uld be undertaken in the final quarter of tbe following annual financial year. In view of Dir¢rtor Irtustee April Guinness's experience and IIMw-terni career as a local lMary School's head the Board appointed her on a mollthiy consuttancy basis to wmplete this review. The project started in April and therefore the new monthly fees will be invoiced and paid in the following 2024125 financial yeaT.
THE SI]NSHINE CEl1E TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 STATEMENT OF THE RESPONSIBILrnES OF TItE TRUSTEES Company and Charity law rcquires the TLI]Ste£s as directors to prepatc fllwiGial stateD]¢nts for each fancIal period which give a ITUC and fair view of the stare of affai[5 of the charitablc company and its financial tiVitieS for that period. In p[q>a th( f1claI statrm¢nts. the Trustees have.. selected Suitable accounting p)li¢ies and then applied them con5istellt. made jlldgents a1 estiD]al¢s that are reasonthle andpd¢ll¢ stated wbether applicable awount] Stslldards bave been followe subject to any material departur¢s disclosed and explained in th¢ financial statements. and PT¢pared the financial ststements on the going concern basis. The Trustees ar¢ responsible for maintaining adeqoate accoullting records which disclose with r¢a80nable accuracy at any time the financial position of the charitable company and enabl¢ them to Cnsure that the financial statements comply with the Clwities Act 2011 and Companies Act2006. They are also resp)nsible for safeguarding the assds of the ¢harity al hel for taking re&sonable steps for the prevention and drtection of fraud and other iTregulaTiti¢s. The TnteeS have dis¢barged these reswrnslbiliti by implementit)g a sy8tan of 6naa¢ial controls based upoll: Agreeing a budget for th¢ Sunsbine CenttE and de1¢ting TwillIty for the control of th¢ budget. Monitoring the itnplementation of the budget by receivillg quarterly rwts. STATEMENT OF DISCLOSiJRE TO INDEPENDE EXAMINER (a) as faT a5 the Directors ar¢ awar¢. there is no relevant audit InfOrntit of which the Company's examiners are unawaTe, and (b) they have tak¢n all the steps that they ought to have taken as Directors ill ord¢Y to It(e themselves aware of any rel¢vaDt audit iDfoLmation and to establish that the Company's examiner5 are aware of thai infirntion. This report has been prepared in accordan¢¢ with the special provtsions of Part 15 of the Companies Act 2006 relating to small compani. Bernard Goodchild (Jan 28, 2025 08..30 GMT) Benwd Goodthil(L TnL8tee. Date. 2810112025
n¥4DEPEIWEhry EXknMINER'S REPORT TO THE TRUSTELS OF THE SUNSHINE CENfRE I report on the financial ststements of the Charity for the year etmkd 31 Mwch 2024. which are set out Dn pages I I to 27. Re$pectlve responslbllitles of Trnstees and exanthler The trustees (who are also the direckn of the comp8lly for th¢prSe5 of company law) are responsible for the preparation of tlle finallcial slaternts in accorthn¢e with the requirements of th¢ Companies Act 2(K)6 ('the 2006 Art.). Having satisfied myself that the frnala1 statements of the charity are not Twuir¢d to be audited under Part 16 of the 2006 Act and are eligible for indqKndent exa))Jination, I report in respect of my ¢xamination of the cl]aTity's fmallcial statents as Garried out under section 145 of the Charities Act 2011 (th¢ 2011 Act). In c8rrying out my examination I have followed the Direclions given by the Clwity Conllnissiim under sertAon 145(b) of the 2011 A¢L This reporL including my 8tatemenL h&8 iK¢D prepared for and QDly forthe charity's trust¢es as a body. My work has been undertaken so that I might state to the charity's tDJStees thos¢ rnatrrs l am r¢quiTed to stale to them in an independent examiner's report and for no other purpose. To the fullesl extent perniitted by law. I do not accept IK &ssum¢ r¢5PODsibility to allyone other than the tharity and the charity's tNstees as a b(Kiy for my examination wort for this rwrt, OT for tbe statements I bav¢ Basis of independent examiner's report My examination was wried out in xcordance with the geTaI Directions given by the ChaTity Con)mi&sion. An ¢xamitiation incluths a review of the accounting records kepi by the charity and a comparison of the fumicial 5tat¢ments prcsentcd with those records. It also includes consideration 0£ any unusual itons or di10$Ur¢S in the financial Statemen and s¢¢knng explanations from you as trustees concerning any surh matters. The proced und¢rtaken do not wovide all the evidenc¢ that would required in an audit, and nsequentlY no opinion is given os to wh¢ther the fmancial statements present a'iTU¢ and fair view. and theTeportis Jimitedto thos¢ matters Setout in the statement below.
INDEPElYDEr EXAMth'ER'S RFPORT TO THE TRUSTEKS OF THE SUNSHINE CENTRE Independent examiner's statement Since the cbarity's gross income exceedcd £250,CM)O, your eXaminmSt bc a member of a bcty Itsted An section 145 of the 2011 Act. I confirm that I aD] qualified to undertske the examination by being a qualified member of the Institute of cltered Accountants in EDglalld alld Wakes which is one of the Listed bodies. Ill coDn¢¢tion with my examinatio wlbicb is Cornple no tter8 have come to my attention which give me reasonable cause to believe that io any nwteria) 81¢. accounting records w¢r¢ not kcpt in of The Sunsbine Centre in accordance with section 386 of the 21Y16 Art: or the financial stat¢ments do not accord with those records. ( the financial Statents do not cotnply with the accounting requiTcnMts of section 396 of the 2006 Act other than any requirement that the financial statements give a 'tru¢ and fair, view which is not a Dtter c4)tt%ideTed as part of an ind•texan)inthon' or the financial statements have not iwi Prepared in awrdance with the methods and principals of the Statement of Recon]mendcd PraGtice for ¥couttting and reporting by clwities applicable to charities preparing their accounts in *cordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and bave ¢ome across no other matters ID nlIon wilh the examination to which. in my opiDion. tttiOll should be dtawn in order to enable a proper understanding of the rinancial statem¢nts to be reacheit David H005e lJan 28, 2025 0&.32 GMT) David Hoos¢ for and on beldf of Forvis Ma7m LLP Th¢ Pinnacle 160 Midsun)rn¢r Boulcvard Milton Keyn£s MK9 IFF Date: 2810112025 io
TBE StINSHINE CElYll STATEMEIYT OF FINAi%CIAL AlT1&s FOR YEAR ENDED 31 MARCH 2024 Notes UDrestrlcted RestrktLMt Funds Funds 2024 Totsl Funds 2024 Total Funds 2023 Incoming Resourc Donations and legacies Other trading a¢tivili Income from investments 60937 18,642 4,684 84263 60.937 21,475 4.684 87J66 65,152 17.305 1.742 84,199 3.103 3,103 Income from charltable activities Conllnunity centre activities 503962 116,067 620.029 564.644 Total Income and endowments 588.225 119.170 707,395 648,843 Resources Expuded EeDdI(re on: Raising fimds 36,930 36,930 34,616 Charitable adiviti¢s 586 625 Tot resources ¢4nded 623.555 131631 756,186 744,034 Net {eendIture) befor¢ gaAns/Oosses) on Investments (35331) (13.460) (48.791) (95.191) Net gainsl{Ii)&8es) on itiveslments 15,695 15.695 (47.950} Transfers between funds 16117 Net movemejrt In fvnds (19,636) (13.460) {33,096) (143,141) Totsl fujth ITought forward at l April 2023 701,699 105,338 8Q7,037 950.178 Total funds ¢2rrl¢d forward at 31 Mar¢h 2024 16117 91078 773,941 807,037 Incoming resour¢es ond resources expended all relate to continuing operations. The notes on page5 14 to 27 fonn part of these 8ccounts. li
BALAPICE SIET FOR THE YEAR ENDED 31 MARCH 2024 Company Nllmber 5876714 Regtstered CIMrity Number 1124335 2024 2D23 Investments Tanglble Fixed Awts 530.077 9.494 539,571 514.380 12,797 527,177 io Current Assets Dcbto C&8h at bank and in hand li 12 20,998 247.467 12,826 306.042 268.465 318.868 Credltor8: amounts fauillg due vAthln oDe year Net current 4ssets 13 (34,095) (39,008) 234,370 773.941 279,860 807,037 Net assets Funds 16 164,684 517,379 91.878 773.941 184,320 517,379 105,338 807,037 Designated funds Restricted funds 16 17 The cbaritable company is ¢ntided to exemptiou from audit under Section 477 of the Companies Act 2006 for the year ended 31 MarGh 2024. The membets have notrequired ibe company to obtain an dit of its fmancial ststemenls for th¢ year ended 31 March 2024 in accordance with Section 476 of the Compani¢s Act 2006. The trustees acknowledge th¢ir r¢spotisibilities for: {a) ensuring that the company keeps aLYounting records that comply with Sedions 386 and 387 of the Co]npanie8 Act 2006" and (b) preparing fitwicial ststem¢nts wbich give a true and fair vi¢w of the state of affairs of the company as at the end of each financial year aDd of its surplus or deficit for each fu1&1 year in accordanGe with the requirements of Sections 394 and 395 aDd which otherwise comply with the requirements of the Conwanies Act 2006 re]atAng to finallGial staten]enty so far as applicable to the compauy. The finri statements have been prepared in accord withthe sLat provisions relating to SI)1 compani¢s within the Companies Act 2006. The financial stst¢m¢nts were appToved and authori for is9Je by the on 2810112025 Signed by KprnirdG9&dthild14anAg,i0Rfj.?0.ffl. Bernard G(KMlcbild for and on beIlf of the Tn of the Sunshine Cetrtre
STATEMENT OF CASHFLOWS FOR THE YEAR EI%T)ED 31 MARCH 2024 2024 2023 Cash flows from opernting activities: Net inwming resour Depreciation (Gain)lio&s on investtnents (Increase)/decrease in trade and oth¢r rereivablcs (De¢a) in trade and otherpayabl¢s (33.096) (143,141) 6,603 8,917 (15.697) 47.950 {8.172) 10,366 (4,913} {8,250) N¢t ¢ash outtlow from operatiDg activiti&8 (55,275) (84.158) Cash flows from investing activiti Pur¢ha$e of fixed assets Investment in short tern] d4lts (3,300) (11.801) Net decre&se in cash (58.575) {95,959) Opening cash Movement in the year Closing cash 306,042 (58.575) 247.467 402.001 (95,959) 306.042 The notes on pages 14 to 27 ft1rn) part of these aOllts. 13
THE SUNSHINE CENTRE NOTES TO THE FllYANCIAL STATEMENtS {COlYTllYUED) Aeeountfing poll¢ie5 General InfonDatioD The Sullshine Centre is a company limited by guaran*& incorN)tated in England aDd Wales. The address of its regtstered offic¢ atul principal placc of busineFfj is disclosed in the company infonnation. The principal activity of th¢ charity is to assist in the provision of activities and faciliti¢s for the advallcennt of education and in the intcr¢sts of play aud soci31 welfare. foT the partIlar ben¢fit of the r¢sid¢nts of tbc Brctch Hill area of Banbury al with the proviso that the activities alld facilities arc frcely availablc to all living within the area. The financial ststements are presented in Sterling and this is the fUTrenry of the charity. b) Ba515 of preparatlon The financial ststements have Ixen prepared under the bistorAcal cost convention, and in accordan¢¢ with applicable accounting standards. In preparmg the financial sW¢ments the charity follows best practice &8 set out in the Statement of Recommcnded Practice: 'AccountiDg and Reporting by Charities, (SORP), the FIticIal Reporting Stsndard applicable intlle United Kingdom and Ireland (FRS102) and the Ch2rities and CoTnpanies Acts. The company m¢ets the definition of a public bellefit entity. ID¢onthig Resources Grnnts, inchKling grnnts for the purcbase of fixed assets. are recognised in filll in the Statement of Financial Activities in the year in which they are 1Vable. Service fees are recogni in the Statement of Financial Activiti¢5 in the year in which they are receivable. Income from investments is included in the year in which it is reGeivable. d) Re8oDrtts Expended All expenditt¢ is account for oll an accruals basis wh¢n there is a legal or conslructive obligation to do so. Support cosÉs are those costs in¢urred directly in SUEVOrt of eXpltUre on the objects of th¢ ¢barity and repr¢s¢nt the sloffing and associated costs of fir1¢¢. personnel and geaeral aihninistration in supporting the eratIonaL prOgran for which the chlty is responsible. ALi l(i¢f/& of support cost are allocated to ckLaritable activities. Governance costs include the c4)st of governance which relate to the genal running of the ¢lwity as opposed to the directmanagetnent functions inherentin genernting fimds, service delivery and programrne orpmject work. This includes such items as Indepdent examinatims leg advice for Trnstees and costs associated with ¢onstithtional and slamtory r¢quir¢ments. They are now included in support costs. 14
NOTES TO THE FINAI%CIAL STATEMENfs (COryTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounthig Po]icles (continued) Investments tnvesttnents are 8tat¢d at market value. Realised and unrealised g3ins and 10&se5 on investrnents are dealt with in the Statement of Financial Activities. InVrne iome is credited to income on an accruals ba81& using dates of payment for dividendg. Tanglble fixed assets alld depredailoD Tangible f¢d assets are stated at cost less depreciation whith is rffjvided in equal amiual insta]mcnts over the estimated useful life of the a&seL Assets with a $t in exc¢ss of£500 intended to be of ongoing use to the Sunsbinc Centrt carrying out its activities are PitalIed as fixed assets. D¢pr¢ciation is provided at rates calculated to V4rite offthe cost residual value of each ass over Ats expected us¢ful life, as follows: Fixtures. fittings & equipmtht Comput¢r & office equipment Pwid a¢countiDg The Sunshine Centre maititains various types of fund a8 follows: Unrestricted funds - thes¢ represent funds which expendable at the diw¢tion of the Trustees in th¢ furtherance of the objects of the ¢lwity and include a designat1 fund for the closLsre and wind.up costs of th¢ Clr[ty, and a designated project per Note 16. Transfers - Transfer of tr1¢t income to the UlestriCted funts (wjr to ¢over assets purohas¢d under restricted fimds and ar¢ includcd in the fixed asset register. De$lgn&ted funds- These are fiwd8 which have been desiguated for srIfi¢ purFoses by the TSt¢. Restrlcted funds- These are funds that W Only be ed for particularr&£tricted puryoses. within the objects of the charity. RestrictiorL8 can aTise when specified by the donor or when funds are raised for partIlar restricted purposes. 25Yo Straighi linc 33%0/0 Straight line h) Taxation The Sunshine Centre does Dot carry out aDy lloD-charitabl¢ activities that may give rise to an income tax liability. i) Pell81oDS The cimipany operates a defined contribution pension schell attd the pension chorge TepTesents the amounts payable to the fiuKI in of the year. i) Operating leases Rentsls under opeE8tiDg Ie8 are chryd to the St8tement of Firsancial Activities on a str&ight lin¢ basis over th¢ le&8e temL 15
THK SUNSHINE CENfRE NOTES TO THE FINANCIAL STATEMEhTS (COUED) FOR THE YEAR EIYDED 31 MARCH 2024 A¢counthig policies (continued) k) Casb and Cash equivalents Casb and ¢ash equivalents are cash alld short terni highly liquid invesiTh¢Dts with a short nwturity of three months or less from the date of acquisitsoll or OnIllg of the &Ex)sit or Simi a¢counL i) The charity only h&8 fmancial asset and financial ]iabiIities of a kind that qualify as basic financial instruments. Basic financial instiuments are initially reCoLsed at ttYltiOn valu¢s and subsequently mcasured at their settlement val. Flnanclal instrllments Judgments in applying Accounting policies #nd key so•rces of estimation urteertalnty In applying the wmpany's accountingpoli¢ies. the direckn are required tomak¢pdgements, estimates and assumptions in deteTmining ibe cwiog arnowits of #ts 8nd liabilities. The directors, judgements, estimates atLd &ssumptions are based on th¢ best and n)ost Teliable evidence available at the lime when th¢ decisions are made and are based on historical ¢xp•iwKe and other factors that ar¢ considered to bc applithle. Due to inherent subjectivity involvedin making such judgcrnents, estimates and assumptions, the actual Mults and outcom&s may differ. The estimates and ullderlyin8 &8SUmPtions r¢vi¢wed on an ongoing basis. Revisions to accounting e5tinHtes are recognised in the period in which the estimate is revisel if the revision affects only that period. or in the period of the revision and fupwe peTi(xL8. if the revision affects both current and fvtur¢ periods. The key estimates and assumptions mad¢ in th¢8e accounts are depreciation and bad debt provisioning. 16
THE SUNSHtNE CEhTrE NOTES TO THE FLNAIYCIAL STATEMEIYTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income and endowments from: Total Funds 2024 Tot Funds 2023 Funds 2D24 Funds 2024 Donatlons And leg•cles Gifts and donations Fundraising Gifts in kind 21.695 6.242 33.IX>O 60,937 21.695 6242 33.OtM) 60.937 24,693 7,459 33,000 65,152 Total donatlons and legacks Gifts in kind related to the rnat rent of the propety us¢d by The Sunsbine Centre for which only a p¢ppercorll payrnt is made. UnreKtrict¢d Resttleted Fwids Funds 2024 2024 Totsl Funds 2024 Tot41 Funds 2023 Other tradkng ictivities Room rentsl 17282 lJ60 3.103 20J85 1360 14,916 2.389 TotAI other trgding acdvities 18,642 3.103 21.745 17,305 Income from Chthtabk artivitt Unrestrlrted Restrl¢ted Funds Funds 2024 2024 Total Fwnds 2023 Funds 2024 Communlty eeDtre actlviiles Fees- Childcare Fees- Family sUpt Grants (see note 4) Toial income from eharitable acdvities 167,885 10.062 326,015 167,885 10,062 442.082 177.037 12,358 375,249 116,067 503,962 116.067 620,029 564,644 17
THE SUNSH£ CENn F40TES TO TEtE FINAF4CblL ATEME1%s (CoNl]ED) FOR THE YEAR EED 31 iIIARCH 2024 Grant income Grants received in the lod are as follows: Totsl Funds 2024 Totsi Funds 2023 Fund5 2024 Funds 2024 Grants- Child 314.992 314,992 127,090 442.082 297.693 Other grants 11,023 326.015 116.067 116,067 77,556 375,249 Eipendlthre on R*isins thnd$ UDrestrl¢ted Restri¢ted Funds Fumd 2024 2024 TotAI Funds 2024 Totil 2023 Photocopier Gifts in kind (see note 2) 3,930 33,IM)O 36.930 3,930 33,000 36,930 1,616 33,¢X)O 34,616 Expenditwe on Charltable actfvhles Totsl Funds Total Funds 2023 Fullds 2024 Funds 2024 24 Community centre activities 586,625 132,631 719256 709,418 586,625 132.631 719,256 709,418 Included in the above is dwiatson of £6.603 (2023: £8.917). Restricted eXditUre in 2023 amounted to £67.907. 18
THE SiiNSHINE CENlllE OTES TO TEtE FINANCIAL STATEME (CONfiNblD) FOR TKE YEAR ENDED 31 MARCH 2024 Support Costs Unrestrlcted Re5ts1eted Fund8 Funds 2024 Total Funds 2024 Funds 2023 2024 Accountancy Legal and professional Bank charges 3558 3,558 414 3.420 315 414 130 130 184 4,102 4,102 3,919 lo of the support costs are allocated to clwilable activities. The accountancy f¢¢ relates in fi]11 to payments to the indepmdent examiner for indepctht examination and statutory financial statements preparation in both years. Employees Number of employees 2024 Number 2023 liumber The average monthly numbets of employe&s during the year werr. 32 30 Wage8 and s8lari Social security costs Pension Costs 571211 36,029 14.400 498.892 36,006 13,037 547.935 621,640 One employe¢ earned between £60,OCiL£69,999 duTiDg the year (2023.. £6I),000-£69,999). No Trustee received any remunerdtion durtDg tbe ye4r (2023: none). No Tntst¢¢ r¢ceived reimbwsed trLv¢l expenses durittg the year to 31 March 2024 (2023: none). Key management personnel comprise the C¢Dtr¢ Manager and Deputy Managtt. Remuneration for the year to 31 March 2024 for these two sts tolalled £125.91 I {2023.. Centr¢ Manager, Deputy Manager and Bursar, totalling £109,938). Pension contributions for key management persono¢l for the year to 31. March 2024 we £3,609 (2023: £3232) into a defined contn7)7Oll pettsiou h¢ll)e. A non-ststhtory termination payment of £5,(KK) was paid to one munkr of key tnanag¢ment personnel in the year. 19
THE SUNSHtNE CENTRE NOTES TO THE FINLYCIAL STATEMENT3 (CONTINUED) FOR THE YEAR ELYDED 31 MARCH 2024 Investments Quoted Investments Market value at l April 2023 Additions durlng the P¢Ti(MJ Disw)sals during th¢ Period R¢alis¢d invesllnent gains / (15) Market value at 31 March 2024 514,380 15.697 530,077 Orlglnal Cost 500.000 Investments are beld in: Multi As8& Funds 526.243 C&sh and settlements pending 3,834 530,077 20
THE SiJNSHINE CEKfRE NOTLS TO THE FINANCIAL STATEMENTS (coNrtYUED) FOR THE YEAR LYDED 31 MARCH 2024 10 Tangible fixed Sets Ftstures, Fltting5 & Plly Area Equipment Totsl COST A8 at l April 2023 Additions duting the perlod Disposals As at 31 March 2024 43.455 71,312 114.767 3JOO 3.3(M) 43,455 74.612 118,067 DEPRECIATION As at l Awil 2023 Charge foT the p¢riod Eltminated on diswi As at 31 March 2024 34538 1850 67,432 3,653 101,970 6,603 37,488 71,085 108,573 NET BOOK VALUE As at 31 Marth 2024 5.697 8,917 3.527 3,880 9.494 12,797 A8 at 31 March 2023 li Debtors 2024 2023 Due wlthlD one yegr Trade debtors 14,166 6.832 20,998 7,388 5.438 12,826 12 Cash and c4sh equiv*l¢nts 2024 2023 Cash at bank alld in hand 247,467 306,042 247.467 306,042 21
NOTES TO THE FINAliCIAL STATEMEiYrs (coiYrINUED) FOR THE YEAR ENDED 31 MARCH 2(124 13 Creditory: Amounts falling due wlthln one ye 2024 2023 Trade creditors Other taxes and social security costs ACcn5 and def¢ed incom¢ (Not¢ 14) Other creditors 5,429 705 9.924 18,037 34,095 4.552 7,264 3.856 22.359 39,008 Included witbin other creditorn i$ an amounl of £4267 (2023: £5.492) relating to unpaid pension contni)utAons. 14 Deferred IDcome Trip/cbildc*re fee Income Deferred inGorne as at l April 2023 R¢le&sed the perithl ID¢ome d¢ferred in the period D¢f¢rr¢d income 88 at 31 March 2024 Triplchlldcare fee income Deftrred income as at l AprAI 2022 649 Released iti the period tncome deferred in the peri(Ml Def¢Tred incoEne as at 31 March 2023 {649) 22
THE St]NSUINE CETrE IYOTES TO T&E FINANCIAL STATEMEIYTS (CONnNUED) FOR THE YEAR ENDED 31 MARCH 2024 IS Analysis of net assets between funds Unrestricted Fllnds Dtslgnated General FuJJd8 Restrlcted Funds Total Funds FuThd balances at 31 March 2024 as represented by". Jnv¢stments 12.698 517J79 530.077 Tallgible fixed assets Current assets 9,494 9.494 176.587 91.878 268,465 34.095) Current liabilities (34,095) 164.684 517J79 91,878 773.941 Fvnth De8lgna¢ed Genernl Fwids Re5tri¢ted Funds Total Funds Fund balat]ces at 31 March 2023 as represented by: Investments (2,999) 12.797 517J79 514,380 12,797 318,868 (39.008) Tangible fixed a&8ets 213,530 105,338 Cutr¢nt Ixabilities (39,(K18) 184.320 517.379 105.338 807,037 16 UDrestrl¢tsd funds Asat Net E2kns/ l Aprll Oosses) on 2023 In¢oming Outgolng Trfer8 IDve8tm¢nts Funds 2024 General 184,320 588225 (623,555) 15.695 164,684 Designated- wind down aod closure costs DesigtLated- sp¢¢ific fimded projeths 475,398 475,398 41.981 41.981 701,699 588225 (623,555) 15.695 682,063 23
NOTES TO THE FINANCIAL STATEMENrs (coiYriNUED) FOR THE YEAR ENDED 31 MARCH 2024 17 Restrlcted funds A#4t l Apru 23 Outgolng TraDsfer8 Asat 31 M*rch 24 Sanctuary Housing Councillor Priority Fund Community Friendsbip Grant HDH Wills Trust Mental Health Research Th¢ Pye Trnst Oxlordshire Commutiity Foundation Covid-19 Recover Stronger Progrnmm¢ Ch¢Twell District Council- Covid19 Oxford5hire County Council- Winter Grant Sport England- Tackling Inequalities CAF R¢sili¢nce Fund 490 6,351 999 6,1(Ki 5.582 3,898 241 1,008 2,453 758 38.462 750 4.880 21445 16,017 750 407 4.473 1,7¢X) 397 1.303 1.529 78 1.451 (984) 93 {1.0771 4.701 4.701 (150) 2,880 (150) 1.467 2,333 Upcycling Troject Neighbourly Fid Project Oxon Comrnunity Foundation- Jubilee Tambour .413 239 750 85 85 21439 279 5,769 16,670 279 Winter Wishes Banbury Chatiti¢s OCF Cost of Living Crisis Healthy Sp8¢¢S OCF Cost of Living Qisis 9.471 9.634 493 3368 770 6.596 8,864 374 750 376 9.468 868 National Lottery Community Fund 2023 OCVA (Oct 23 to Sept 24) SEN Gmup (Nov 23 to Oct 24) Essential Fo1 Bags- NLCF (COS) Winter Wishes 2023 & 2024 Muddy Feet (Mar 23 to May 24) 80.991 63.650 17.341 350 2.050 3,0(K) 11.720 5279 6.441 500 428 72 481 2,519 91,878 105.338 119,171 (131631) 24
E SUNSHINE cENfRE NOTES TO THE FIFIANCiAL STATEMEI%TS (COITINUED) FOR THK YEAR EIYDED 31 MARCH 2024 SAnctuary Hou81ng- Vwiow lts relating to establisbing a Job Cbjb and to supporting victims of Ik)mestic violence. Coun¢lllor Priorlty Fund- Fur¥ling for othdoor atxl creches to r¢mov¢ banier8 for adults joining CoUes. Community Frltn(khlp Grnt- Funding to womote coJDmuntty cohesion by providing community tivities. HDH Wllls Trust- Funding to supFMKt the developniellt of CCQUDUDication in young children. Mental Health ReseArch-FDnding to support collalmtive T[ch into mental health iUeS. The Pye Trust- FuTMling to supprt WO with 8UTvivors of domestic abuse. Oxfordshire Community Foundatlon Covid 19 Rewv¢r StroAger Programme- Funding to support commtmity challenges through Éhe palldejnic. Cberwell Dlstrict Coundl - Covld 19 - FIng ts) sum young people aThl families with th¢ th'stributson of activity packs. O%fordshire County cO¢ll Wlnter GrnHt- FulldiDg kn provide vouchers to families in need. Sport Engllnd Tackllng InequAlltles- Promoting physical activity in th¢ coDuJ]wiity. CAF Resilience Fund- Funding to Continue ts) make our buildin8 Covid compliant and to upskill our stsff to deliver services remotety. Upcyding ProJect- For upcyclillg gwd as new items and clothes to supFx)rt fatnilies on low inci)m¢s. Ndghbourty Food ProJert- To support the Colljmunity Lard and Tooking with Lucy" Cherwell Dfstrict Councll-supportforthe deliv¢ry of actsvitses and sviceS fortbe local community. Oxon Communlty FouDd%tlon - Jubllee - Funding provided to 8UPPOrt a Cornmutiity Event to c¢l¢brnte the JubTlee. Tambour-Funding to provide more FM)oks in to childn.5 homes by Supplying book5 for cbildren to take home on Birthdays, Cl)ristmas and other special Iiolidays and ¢V¢Dts. Wmter WTrshe5- Funding to pVIde a ChTiStm&wWinter event in Detber for the Commurrity. Banbury Charldes- A fund that we admiillster to all¢viate Hardship in WOTking families that cannot a¢cess other fiding options. OCF Cost of living Crisis- Additional fur¥Jing to wovide fo(Nl f(r the Community larder. Healthy Spaees- This fimd h&8 enablcd us to olsure ourc()mmunitylarderis kept stock&1 with ambient goods for those ID the communitywho are experiencing f1 VertY. It has a180 enabled us to produ¢e leafiets which aff placed in the corrUnity larder sign[lIng rnSi4knts to other organi5ations who can help. especially with budgeting and tfits. OCF Cost of Living Crisis 2 - This grnnt has been used to plan and deliver serYic4s which support Posltive mental bealth and help to alleviatr povaty. 25
NOTES TO THE FINANCIAL STATEhIENfs {CONfLYUED) FOR THE YEAR ETr4DED 31 MARCH 2024 SEN Group - Nov 23 - ort 24 - Brighter Futures in Banbury bavc supportcd us to respond to a communityneed to offera social and educatiODalresource forfamilics who bave children withemerging additional n¢eds. Essential Food bags- This project w&8 develo] to provide fr ¢upard ential& for low income families. Wlnter Wlshe&-Winterwishes is aproj¢rtd&signed to support con)munity cohesio celebrate Willter festivals. survey the cotnn)wiity and signSt individu8Js to service5 which Could iYLprove their opportuniti. Muddy Fe¢t- Mar 23- May 24- OUT Muddy Fc¢t project has enabled families to explore their local green space areas. learn about the benefits of out door play and r¢sP¢¢t for the environment. 18 Commltments At 31 March 2024 the Charity Vds committed to making the fOllowingYMents wid¢r non- cancellable operating leases in the following 12 month 31 Marcb 2024 31 March 2023 Within l year Within 2 to 5 years 4.152 7,266 11,418 4,152 11.418 15.570 26
NOTES TO THE FINANCIAL STATEMENIS (COIITINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 Comp8ratfve Ststement of Financi Aetmtleg Unrestrlcted Restrkted Fllllds 2023 Total Fullds 2023 2023 Incomlng Resources Voluntary in¢ome Donations and legacies Othcr trading a¢tivitics Incorne frorn investments 65,152 17J05 ,742 84.199 65.152 17,305 1,742 84.199 Income from charitable Ydctlvlti Colljmullity centre artiviti 487.088 77,556 564,644 Total incomlng re4our¢es 571287 77,556 648.843 Resources Expended EAp¢nditur¢ on raising funds Costs of activiti¢5 for generating fund8 34,616 34,616 Expettditsre on Charltabk actlvities Charitable activities 641.511 67,907 709.418 Total resourc¢5 exIded 674,127 67,907 744,034 Net IncomlD21(outgoing) resources before illvestment gains (108.840) 9.649 (95,191) Net galnsloosses) on itivestment ssets (47.950) (47.950) Net movement of funds #fter Investment gains (152.790) (143.141) Total fijnds brougbt forward at l April 2022 854.489 95.689 950,178 Totsl funds earrled forward at 31 Mar¢h 2023 701.699 10SJ38 807,037 27