SUNRISE DIVERSITY Private Company Limited by guarantee without share capital
Charity Number 1192280 Company Number 08462590
Unaudited Financial Statements
For the period 1 April 2022 to 31 March 2023
SUNRISE DIVERSITY PRIVATE COMPANY Limited by Guarantee without Share Capital For the period l April 2022 to 31 March 2023 Charity Number Company Number 1192280 8462590 Trustees.. Roy Tomlinson David Chalmers Annemarie Shillito David Mason Sophie Mccormack Rose Young-French Re istered Office: The Castle Centre 25 Castle Street Barnstaple Devon EX31 IDR Inde endent Examiner Exeter Community Accounting
Sunrise Diversity Trustee Annual Report Year ending 31 March 2023 This has been a challenging year for Sunrise Diversity but one where the combination of the staff team, a growing group of volunteers and dedicated trustee5 have risen to challenges we've faced. The war in Ukraine has been an overriding influence through the year but supporting Ukrainian refugees in addition to many others has stretched our capacity but also helped us learn and grow. The scale of the i55ue and the positive and welcoming reaction of many of the public has given us an opportunity to educate more widely, using p051tive examples. We've worked in concert with other organisations to provide support and strengthened our relationships and profile a5 a result. We've also learned hov4 needs can change swiftly over time through the arc of the crisis and have adapted our services accordingly and have embraced new volunteets from the body of people we 5UPPOrt which has been a wonderful development. While we've witnessed great acts of kindness, we've also had to deal with members of the public behaving in a les5 Posltive way when their stressed community has been stretched to the limtts and they have reacted against new overnight arrivals on their doorstep with no warning or explanations. Balance has been key. i Gender identity issues have also domlnated the year and have come to the fo in local communities throtsgh opinions in the world of sport. We've intervened where there have been prejudiced and unreasonable reactions and looked at ways to work with the community to promote better understanding an(1 support. Our unexpected learning has perhaps tome from coping with situations caused by the actions of other parties in the mix. We've learned to challenge more strongly where we see other organisations not carrying out the duties which are within their power. and we've seen the need to hold local and natlonal government to account. Our CEO left u5 early in the year for a new role with more time for her family and it gave us the opportunity for a restructure. Trustees have stepped up to provide additional support during this time which has been much appreciated. We've been very pleased to appoint Ana as Our new CEO who has developed her career while at Sunrise and is now proving to be an i empathetic but strong leader of our team. nan¢ial Performance The financial year 2022-2023 has been a difficult one for all tharitable institutions. The impact of rising inflation, together with redu, or minimal. economic growth has led to a general reluctance to spend or to give. This applies to both the public, private and the third sector, including trusts and foundations, many of which have seen a huge rise in demand for their I grants. Sunrise has adapted to this new environment. We are sourcing new funding opportunities, whilst continuing our core activities without interruption. It has not been easy and we are indebted to our staff for their unfailing commitment to our aims. We ended the year close to our budget, financially, but achieving many of our aims. We look fOnard to a new yeaf of challenge and expansion of our activities in North Devon. Total income for the year from all activities was £204,99712022 £150,310), with expenditure of £182,90612022 194,8061. The difference between the years is accounted for mainly by the timing of a grant from the National Lottery Community Fund INLCFI, referred to in last year's ! report. We are mindful of our reliance on NLCF funding and we are undertaking a major l exercise to source new funding opportunities in support of expanded planned activities in the future.
Sunrise Diversity Trustee Annual Report (contlnued) Year ending 31 March 2023 Reserves Policy The Trustees recognise that we must ensure that there are sufficient funds in resetve to cover the costs of unexpected closure. The costs involved are mainly staff related, including redundancy, but also include the c05t5 of cancelling contracts at short notice, our leased offices and any overheads incurred during the period of closu. Our policy is to ensure that we have sufficient funds to enable us to continue our work, whilst winding up Commitments, for a minimum of six months. A5 at the year end, we are confident that our reserves are sufficient to achieve this. Declaration by Trustees The Trustees have tonsidered the Report and Accounts in formal meetlng on 12109 23 and they were approved unanimouslv. Signed by Chair and Secretary
SUNRISE DIVERSITY PRIVATE COMPANY Limited by Guarantee without Share Capital Charity Number 1192280 Company Number 08462590 INDEPENDENT EXAMINATION REPORT For the period l April 2022 to 31 March 2023 Basls of independent examiner's report My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the atcounts presented with those records. It also include5 consideration of any unusual items or disclosures in the accounts. and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the statement below. Independent examlner's statement In connection with my examination, no matter has come to my attention.. 111 which gives me reasonable cause to believe that in any material respect the requirements.. - to keep accounting records in accordance with section 386 of the Companies Act 2006,. and to prepare accounts with accord with the accounting records. comply with the accounting requirements of section 396 of the Companies Act 2006 and the methods and principles of the Statement of Recommended Practice.. Atcounting and Reporting by Charities have not been met,. or to which, in my opinion. attention whould be drawn in order to enable a proper understanding of the accounts to be reached. 121 Exeter Community Accounting Date: 31 August 2023
SUNRISE DIVERSITY PRIVATE COMPANY Llmlted by Guarantee without Share Capitsl Charlty Number 1192280 Company Number 08462590 SYATEMENT OF FINANCIAL ACTIVITIES Forthe period l Aprll 2022 to 31 March 2023 2022-2023 2022.2023 2022-2023 2022-2023 Unrestricted Restricted Funds Funds T¢)tsls Totals INCOME Donation5 & Grants Fundraising Charitable Activities Total Income 85 204,255 204.340 148,765 658 742 658 204.997 1,545 150,310 204,255 EXPENDITURE Expenditure on Charitable activities Total Expendliure 179 179 182,727 182,727 182,906 182,906 194,806 194,806 Net Income 563 21,529 22,092 Transfers between funds io iioi Net rnovernent in funds 573 21,519 22,092 144,4961 Reconciliation of funds Total fund brought forward 66.274 13.162 79,436 123,932 Total funds carried forward 66,847 34,681 101,528 79.436 The statement of financial activities includes 811 gains and losses Tecogni5ed in the year. All income and expenditure derivefrom continuing artivitie5.
SUNRISE DIVERSITY PRIVATE COMPANY Limited by Guarantee wSthout Share Capital Charity Number 1192280 Company Number 08462590 BALANCE SHEET As at 31st March 2023 202212023 202112022 FIXEDA555 Tangible assets CURRENT ASSETS Bank alcs Cash alc Debtors 105,230 511 79,810 226 105.741 80.036 CURRENT LIABILtriES Creditors.. amounts falling due within one year 860 822 2.531 600 Tax and National Insurance 600 4.213 TOTAL ASSEfs LESS CURRENT LIABILMES 101,528 79.436 Funds of the charlty Unrestricted Funds Restricted Funds 66,847 34,681 66.274 13,162 TOTAL FUNDS 101,528 79,436 DITectors' ResponslblltSes For the year endin8 311312023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit of its account5 for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complylng wlth the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provision applicable to companies subjert to the small companies. regime. Approved and authorised by the directors on David Mason Director
SUNRISE DIVERSITY PRIVATE COMPANY Limited by Guarantee wlthout Share Capital Chathy Number 1192280 Company Number 08462590 DETAILED INCOME AND EXPENDITURE ACCOUNT For the period l April 2022 to 31 March 2023 2022-2023 2021-2022 ureritted ReIl¢led Funds Fund5 Totals Tota15 INCOME Donation5 85 657 85 657 105 7Z5 Grants Unrestrirted Grants Big Lottery OPCC En8a¥ement Fee Repayment Restricted Grant5 Total Income 1,820 131,490 11.4621 17,632 150,310 138,391 138.391 65,864 204,255 65.864 204,997 742 ExPENTRE Events I Including resourcesl 450 3,148 96 322 3,598 96 322 Service User payrnents 12,477 Governance Trustee PayrTTrents Bank Charges Professional Fee5 112 Z68 14001 265 1,572 5.402 1,572 5.452 14.298 erational Costs Core Running Expense5 Rent (Accommodation) 3,816 4,641 151 1,044 28 148,701 2,894 125 823 4,007 1.012 3,816 4.641 151 1,044 28 148,701 2,970 178 823 4,OD7 1.012 8,369 4.589 1,234 1,016 32 129,212 3.SBI 15,126 417 570 1.788 Y40 I54 14 190 1278 3.502 1.297 Insurantr & Business Rates Repair5 and Renewals Gr055 Salarie5 Ernployers Penslon ContrSbutions Sessional workef5 Staff Travel & Expenses Recruitment Trainin8 Exeternal supei510n Office Equipment IPurcha5esl Stationery & Postage 76 53 9D3 376 279 2,504 957 734 4,330 903 376 279 2,504 957 734 4,330 Telephone IT software Website & internet Accountdncy & Payroll 5eNces Evaluation 3,7C#) 180.508 129 177.325 177.454 Total Expendlture 179 182.727 182.906 194.806 SurpluslDefiotlfor the yeor 563 21,529 44,496
SUNRISE DIVERSITY PRIVATE COMPANY Limited by Guarantee wlthout Share Capltsl NOTES TO THE FINANCIAI STATEMENTS For the perfod l Aprll 2022 to 31 Mar¢h 1023 AccountlnR Pollcle5 St*ement of Compllance The financial staiements have been preparèd in accordance with Accouniin8 and Reportlng by Charlties.. Statement of Recommended Practice 3ppIic3ble to charities preparin8 their attounts in accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective l January 20151- ICh3ritiesSORP IFRS 10211, the Financial REp¢rting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the CharitiesAct 2011. The Charlty meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or ttansadion value unle5SOtherwise stated in the rean¢ 袢ountln8 polity notelsl. Golnz Concern The trusteesconsiderthat there are no m3terial uncertaintlesabout the charity's ability to wntinue asa goin6 concern nor any 518nificant areasof uncertaintythat attectthe c3rryin8value of assets held by the Charity. Income All Income is reco8nised once rhe charty hasentitlement to the income, rt is prob3ble that the inwme wlll be recewed and the amount of the income receivable can be measu4 reliabty. Restru5 Ewended l expenditure is reco8nlsed once there is a legèl or constructive obli83tion to thai expenditufe. it Is probable settlement is required and the amount can be measured reli30ty. All cost5 are allocated to the applicable expendi¢ure heading that ag8regate Similar cost5 to that cate80ry. WhÈre costs cannot be directly attributed to particular headings ihey have been allocated on a basis coDsi5tent with the use of resour5, with central staff c05t5 allocated on the basis of time spent, and depreciation charges alloièted on the portion of the asset's use. Other support ¢osts a all¢¢ated based on the Spread of staff costs. Charitable Activitle5 Charitable expenditure wmprises those costs incurred by ihe ¢harlty in the delivery of its adivitie5 and 5ervicesfor it5 beneficiaries. It includes both cost5 that can be allLKated directly to such artivlties and those tostsof an indirect nature necessary to support them. Support Costs Support Costs include central funaions and have been allocated to activty cost cate80rS on a b35is con51Stent wifh the use of resources, ftsr example, allocatin8 property costs by floor areas or per capita, staff c05t5 by the time Spent and other costs by thelr usa8e. Go¥ernan£e costs These include ihe costs attrlbutable to the charity's compliance with constrtuttonal and statutory requirements. iniluding audit, strate8lC management and trustees, meetings and reimbursed expenses. TanZIb Nxed A$5ets Individual tixed a55et5are Initialty recorded at cost. Depreciaiion Is calculated $0 as to write Dff the c05t of valuation of an asset, leu Its resldual value, over the useful econornic life of th3t asset as follows.. Firtures & Firtlngs 25% pa #ral8ht line Tradedebtors Trade debtors arE amounts due from customer5for 5ervice5 performed In the ordinary course of business. Trade clebtors are recognised Initially at the iransactlon price. They are subsequently measured at amortised cost usin8 the effee Interest method, les5 provision for Impairrnent. A provision for the impairment of trade debtors is e5tabli5hed when there Is obleciive evidence that Ihe Charity will not be able tocolleci all amounts due attordlng to the ori8inal termsof the receivables. C45h and Cash Equivalent Cash and cash equlvalents comprise cash on hand and call depDsIts. and other shorr-rerm highly Ilquid invertmentsthat are readily convertible to a knowft amount of cash and are subject to an in518nificant rlsk of change in value.
SUNRISE DIVERSITY PRIVATE COMPANY Limited by Guarantee without Share Capltal NOTES TOTHE FINANCIAL STATEMENfs cont'd For the pertod IAprll ZOZZ to 31 March 1013 Trède Qedltors Trade ¢redltors are obllgatlons ro pay for 8oods or servlces that have been acquired In the ordinary course of businesslrom suppliers. Accounts payable arè tlasslfied as currEni liabilities if ihe tharity does not have an unconditional i18ht. at the end of the reporting peri4d. to defer settlement of the Creditor lor at least t%vel¥e months after the reoortinR date. Unrestricted income fund5 are general fund5 th* are available for use at the trustees, disrretion in furtherance of the Objective5 of the Oe518nated funds are unrestricted fund5 Set ade for specrfic purposes atthe discretion of the trustees. Restricted income fund5are those donated for use in a particular area or for specific purposes, the use of which 15 restricted to th3t are3 or purpose. Tru5tee5 Remuneration & Benefits Durln8 the year irusrees received no remuneration12022- £112.20) Independent Examlnatlon 202212023 202U2022 Fee5 payable to the independent examiner.. Independent examlnarion ol the financial starements Other a(countantV SErvices i(x) 5(N) 600 CurrentA55ets Bank account5 in hand Cash account In hand Debtors- Due thIn one year 105,230 511 79,810 226 105,741 80,036 Current Uèbllltles Trade creditors Tax and Naiional Insurance 8f 2531 822 4,213 Staff costs The monthly average numbèr of persons lincludinÉ senior rnanagement teaml èmployed bythè charity durin8 the year expressed asfull time equivalents was a5 follows.. 202V2023 202112022 Mana8emÈDt and administration No employee received ernolumentsof more than EFA),OL¥) durin£ the year Tay•tlon The Iharity is a registered charity i5thefefore exemptfrom taxatio Related party trnnsa¢tlon$ No related party transaction5
SUNRISEDNERsir PRWATECOMPANY ttedtyfyJThtEÈwHhrpJt5haMCapn 0TE5TQThEnMrJ5fTEEMTs •,391 sm IMF 15372 S J.fjfi7 a1 harrtiblE Allrdth 3,$74 sCp¥s 471E Jii L5n 2L z4J T0talEKpEndiTe 179 216 6.274 1.1 931 75.4