Docusign Envelope ID: 58829B9E-2001-4B18-A88C-551924674F50
## **SUNRISE DIVERSITY Private Company Limited by guarantee without share capital**
# **Charity Number 1192280 Company Number 08462590**
**Unaudited Financial Statements**
**For the period 1 April 2024 to 31 March 2025**
Docusign Envelope ID: 58829B9E-2001-4B18-A88C-551924674F50
## **SUNRISE DIVERSITY PRIVATE COMPANY Limited by Guarantee without Share Capital**
## **For the period 1 April 2024 to 31 March 2025**
**Charity Number 1192280 Company Number 8462590**
## **Trustees:**
Roy Tomlinson David Chalmers Annemarie Shillito David Mason Sophie McCormack Rose Young-French Jonathan Lockett (appointed March 2024) **Registered Office:** The Castle Centre 25 Castle Street Barnstaple Devon EX31 1DR
**Independent Examiner** Exeter Community Accounting
2
Docusign Envelope ID: 58829B9E-2001-4B18-A88C-551924674F50
## **Sunrise Diversity Trustee Annual Report Year ending 31 March 2025**
This has been a year of both challenge and resilience for Sunrise Diversity. The broader social and political climate shifted national and international discourse around immigration and diversity, as well as heightened tensions highlighted by the Summer Riots. These events underscored the importance of our mission and the need for organisations like Sunrise Diversity to remain steadfast advocates for inclusion, equality, and respect for all communities.
The dedication and positivity of our staff, volunteers, and board members ensured tangible and inspiring progress:
· Strategic Continuity: We remain fully committed to the strategic objectives set in 2023, using them as a clear roadmap for growth and impact.
· Stronger Identity: In February, we proudly launched our new branding and website, which better reflect our professionalism, values, and aspirations. These updates not only enhance our visibility but also inspire confidence in clients, partners, and funders alike.
· Expanding Capacity: Through intentional volunteer recruitment, we have expanded our reach and strengthened our organisational capacity, ensuring that we can better serve our diverse communities.
· Impact in Action: With a stronger team structure in place, our staff have become more established in their roles, resulting in increased ESOL lessons, more community events for immigrant and LGBTQ+ groups, and an expansion of training opportunities for our clients.
· Celebrating Diversity: We were proud to help organise and participate in a vibrant and highly attended Diversity March in Barnstaple, alongside a joyful Pride event in Bideford. Both events provided visibility, solidarity, and celebration, strengthening our connections with the communities we serve.
We faced significant organisational obstacles, including a complex staffing issue that demanded time and focus from our CEO, senior leadership team, and board. Although this situation required considerable energy, its resolution left us stronger and more unified. As such, we were able to achieve the outcomes highlighted above.
Amidst these challenges, we embraced renewal and opportunity. A new Operations Manager joined us midway through the year, bringing valuable expertise in fundraising. Their skills will be instrumental in strengthening our financial resilience as we diversify funding sources and reduce reliance on a small number of major providers. We experienced changes at the board level too, with a new trustee with valuable IT experience and the appointment of a new chair, ensuring continued strong governance and fresh leadership as we step into the next phase of our growth. Our previous chair remains on the Board and continues to provide extensive support.
Looking back, 2024-2025 was not defined by the challenges we faced, but by the resilience, adaptability, and optimism with which we responded. Looking ahead, we have identified further risks to our fundraising capabilities. Although we are diversifying our fund-raising channels, we are still dependent on a few major donors. Should any one of these not materialise, we will struggle to continue with the team structure we have. The CEO, Team and Board are focussed on solving this challenge. The Sunrise Team will continue to champion inclusion, amplify underrepresented voices, and foster a society where everyone can thrive.
3
Docusign Envelope ID: 58829B9E-2001-4B18-A88C-551924674F50
## **Sunrise Diversity Trustee Annual Report cont'd**
## **Treasurer’s Report Financial Performance**
In our report for the last financial year, we noted that economic conditions had deteriorated, affecting our sector and the ability to fund our operations. However, we remained optimistic that our work for the various communities we support was appreciated and that funding would stay available. This would require continued emphasis on identifying new funding sources and devoting resources to pursue them. Conditions since then have deteriorated further and the outlook for the next financial year offers little respite. The donor market for the charitable industry has become more restricted and this is particularly noticeable for those sectors in our society that we seek to support on a long-term basis. The time between identifying potential sources of funds and realising them has grown longer, putting a strain on our resources.
Despite this, we achieved a slightly higher income in this financial year (£200,002) than in the previous year (£184,487). Our costs increased from £189,465 last year to £245,812 this year, resulting in a deficit of £45,810 (previous year £4978), leaving us with total reserves of £17,078 (previous year £69,984).
The increase in costs is due to three main factors – the redevelopment of our website, improving our profile to attract more funds (£3,600), legal fees due to employment issues (£8,544), and increased staffing and overhead costs of £40,762. Of the increased staffing costs, part is attributed to changes in pay and employer’s tax contributions, part to costs arising from employment issues, including settlement costs and part-time cover, and an increase in headcount. The increased number of staff was in recognition of the emphasis required on marketing activities.
The outlook for income in the current financial year (2025-2026) has declined, in particular for our major projects. We remain optimistic that several of our bids will prove successful but the timing of acceptance is taking longer than in the past. At the date of this report, we have taken action to initiate a short-term urgent fundraising plan, whilst evaluating other options such as reducing immediate staffing costs, retaining core staff to cover continuing work and new projects where we are confident of receiving funds.
## **Reserves Policy**
We recognise we must ensure that there are sufficient funds in reserve to cover the costs of unexpected closure. The costs involved are mainly staff related, including redundancy, but also cover the costs of cancelling contracts at short notice, our leased offices and any overheads incurred during the period of closure. Our policy is to ensure that we have sufficient funds to enable to continue our work, whilst winding up commitments, for a minimum of six months. As at the year end, our free reserves were insufficient to ensure this, due to unexpected one-off costs relating to employment issues, including legal fees. Since then, we have taken action to reduce costs, to open new sources of core funding and to accelerate the receipt of funds. We are confident that our remaining free reserves, together with positive results from actions taken, are sufficient to meet our obligations in the current financial year.
**Declaration by Trustees** The Trustees have considered the Report and Accounts in the
24/11/2025 formal meeting on ................. and they were approved unanimously.
Signed by Chair
4
Docusign Envelope ID: 58829B9E-2001-4B18-A88C-551924674F50
## **SUNRISE DIVERSITY PRIVATE COMPANY**
## **Limited by Guarantee without Share Capital**
## **Charity Number 1192280 Company Number 08462590**
## **INDEPENDENT EXAMINATION REPORT**
## **For the period 1 April 2024 to 31 March 2025**
## **Basis 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 accounts presented with those records.
It also includes 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 examiner's statement**
In connection with my examination, no matter has come to my attention:
- (1) 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: Accounting and Reporting by Charities have not been met; or
- (2) to which, in my opinion, attention whould be drawn in order to enable a proper understanding of the accounts to be reached.
Exeter Community Accounting
Date: 22 August 2025
5
Docusign Envelope ID: 58829B9E-2001-4B18-A88C-551924674F50
## **SUNRISE DIVERSITY PRIVATE COMPANY Limited by Guarantee without Share Capital**
## **Charity Number 1192280**
## **Company Number 08462590**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **For the period 1 April 2024 to 31 March 2025**
|**INCOME**
Donations & Grants
Charitable Activities
**Total Income**
**EXPENDITURE**
Expenditure on Charitable activities
**Total Expenditure**
**Net Income**
Transfers between funds
Net movement in funds
Reconciliation of funds
Total fund brought forward
Total funds carried forward|**2023/2024**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Totals**
**Totals**
**£**
**£**
**£**
**£**
4,992
191,646
196,638
182,727
2,760
604
3,364
1,760
**2024/2025**|
|---|---|
||**7,752**
**192,250**
**200,002**
**184,487**|
||60,960
184,852
245,812
189,465|
||**60,960**
**184,852**
**245,812**
**189,465**|
|||
||**(53,208 )**
**7,398**
**(45,810 )**
**(4,978 )**|
||302
(302 )
-
-|
||**(52,906 )**
**7,096**
**(45,810 )**
**(4,978 )**|
||69,984
26,566
96,550
101,528|
||**17,078**
**33,662**
**50,740**
**96,550**|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
6
Docusign Envelope ID: 58829B9E-2001-4B18-A88C-551924674F50
## **SUNRISE DIVERSITY PRIVATE COMPANY**
## **Limited by Guarantee without Share Capital**
## **Charity Number 1192280**
## **Company Number 08462590**
## **BALANCE SHEET**
**As at 31st March 2025**
|**BALANCE SHEET**
**As at 31st March 2025**||||||
|---|---|---|---|---|---|
|||**2024/2025**||**2023/2024**||
|||**£**|**£**|**£**|**£**|
|**FIXED ASSETS**||||||
|Tangible assets|||-|-|-|
|**CURRENT ASSETS**||||||
|Bank a/cs|**4**|**47,426**||**98,951**||
|Cash a/c||**610**||**149**||
|Debtors||**3,650**||**333**||
||||**51,685**||**99,433**|
|**CURRENT LIABILITIES**|**5**|||||
|Creditors: amounts falling due within one year||**133**||**198**||
|Pension liabilities||**831**||**-**||
|Tax and National Insurance||**(19 )**||**2685**||
||||**945**||**2,883**|
|||||||
|**TOTAL ASSETS LESS CURRENT LIABILITIES**|||**50,740**||**96,550**|
|**Funds of the charity**|**9**|||||
|Unrestricted Funds|||**17,078**||**69,984**|
|Restricted Funds|||**33,662**||**26,566**|
|**TOTAL FUNDS**|||**50,740**||**96,550**|
## **Directors' Responsiblities**
For the year ending 31/3/2025 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 accounts for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with 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 subject to the small companies' regime.
## 24/11/25
Approved and authorised by the directors on ………………………….
David Mason Director
7
Docusign Envelope ID: 58829B9E-2001-4B18-A88C-551924674F50
## **SUNRISE DIVERSITY PRIVATE COMPANY**
## **Limited by Guarantee without Share Capital**
**Charity Number 1192280 Company Number 08462590**
## **DETAILED INCOME AND EXPENDITURE ACCOUNT**
## **For the period 1 April 2024 to 31 March 2025**
|**INCOME**
Donations
Grants received
Sales
**Total Income**
**EXPENDITURE**
**Charitable Activities**
Events
Advertising & Promotional
Fundraising
Service User Payments
Intrepretion
**Operational Costs**
Core Running Expenses
Rent (Accommodation) & Untilities
Insurance & Business Rates
Repairs and Renewals
Gross Salaries
Employers NI contribution
Employers Pension Contributions
Sessional workers (Freelance)
Recruitment
Staff Travel & Expenses
Trustee & Volunteer Travel
Training
Office Equipment (Purchases)
Stationery & Postage
Subscriptions
Telephone
IT software
Venue Hire
Website & internet
Accountancy & Payroll services
Professional fees
Bank charges
Goverance costs
**Total Expenditure**
**Surplus(Deficit) for the year**|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Totals**
**£**
**£**
**£**
2,857
7,026
9,883
2,135
184,620
186,755
2,760
604
3,364
**7,752**
**192,250**
**200,002**
1,155
5,461
6,616
-
1,419
1,419
-
3,540
3,540
966
9,133
10,099
-
1,454
1,454
**2,121**
**21,007**
**23,128**
73
1,200
1,274
-
4,411
4,411
-
398
398
-
233
233
43,455
127,808
171,263
159
7,334
7,494
1,915
3,584
5,499
-
1,872
1,872
13
409
409
-
864
864
354
316
670
1,517
1,517
94
2,055
2,149
4
48
52
256
314
570
-
3,288
3,288
-
1,892
1,892
-
1,145
1,145
3,600
-
3,600
200
2,800
3,000
8,543
2,248
10,791
123
110
232
48
-
48
**58,839**
**163,846**
**222,671**
**60,960**
**184,852**
**245,811**
**(53,208)**
**7,398**
**(45,810)**
**2024-2025**|**2023-2024**
**Totals**
**£**
1,524
181,203
1,760|
|---|---|---|
|||**184,487**
6,192
94
10,260
2,686
-|
|||**19,232**
7,461
3,046
1,093
-
137,829
4,784
2,974
-
745
1,577
353
655
454
1,675
351
2,639
787
-
1,411
1,499
666
233
-|
|||**170,232**
**189,464**|
||||
|||**(4,976)**|
8
Docusign Envelope ID: 58829B9E-2001-4B18-A88C-551924674F50
## **SUNRISE DIVERSITY PRIVATE COMPANY**
## **Limited by Guarantee without Share Capital**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **For the period 1 April 2024 to 31 March 2025**
## **1 Accounting Policies**
## **Statement of Compliance**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The Charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
## **Going Concern**
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
## **Income**
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.
## **Resources Expended**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
## **Charitable Activities**
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## **Support Costs**
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
## **Governance costs**
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees' meetings and reimbursed expenses.
## **Tangible Fixed Assets**
Individual fixed assets are initially recorded at cost.
Depreciation is calculated so as to write off the cost of valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures & Fittings 25% pa straight line
## **Trade debtors**
Trade debtors are amounts due from customers for services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Charity will not be able to collect all amounts due according to the original terms of the receivables.
## **Cash and Cash Equivalent**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
9
Docusign Envelope ID: 58829B9E-2001-4B18-A88C-551924674F50
## **SUNRISE DIVERSITY**
## **PRIVATE COMPANY**
## **Limited by Guarantee without Share Capital**
## **NOTES TO THE FINANCIAL STATEMENTS cont'd**
## **For the period 1 April 2024 to 31 March 2025**
## **Trade Creditors**
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date.
## **Funds**
Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.
Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
## **2 Trustees Remuneration & Benefits**
During the year trustees received 0 (2023 - £0)
|**3**
**Independent Examination**
Fees payable to the independent examiner:
Independent examination of the financial statements
Other accountancy services
**4**
**Current Assets**
Bank accounts in hand
Cash account in hand
Debtors - Due within one year
**5**
**Current Liabilities**
Trade creditors
Pension Libilibities
Tax and National Insurance|2024/2025
2023/2024
100
100
550
500|
|---|---|
||650
600|
||47,426
98,951
610
149
3,650
333|
||51,685
99,433|
||133
798
831
-
(19 )
2,685|
||945
3,483|
## **6 Staff costs**
The monthly average number of persons (including senior management team) employed by the charity during the year expressed as full time equivalents was as follows:
|Project Activities
Management and administration|2024/2025
2023/2024
3
3
2
2|
|---|---|
||5
5|
No employee received emoluments of more than £60,000 during the year
## **7 Taxation**
The charity is a registered charity and is therefore exempt from taxation
**8 Related party transactions**
No related party transactions
10
Docusign Envelope ID: 58829B9E-2001-4B18-A88C-551924674F50
## **SUNRISE DIVERSITY PRIVATE COMPANY**
## **Limited by Guarantee without Share Capital**
**NOTES TO THE FINANCIAL STATEMENTS For the period 1 April 2024 to 31 March 2025**
|**9 **|**Income & Expenditure by Fund**
**Income**
Donations
Grants received
Sales
**Total Income**
**Expenditure**
Charitable Activities
Staff Costs
Operational costs
Service User payments
Total Expenditure
**Surplus/Deficit for the year**
**Balance b/f 01.04.2024**
Transfers
**Balance c/forward 31.3.2025**|**General**
**BTC Grant**
**Devon**
**County**
**Council**
**Devon Com**
**Foundation**
**(FFM)**
**Devon Com**
**Foundation**
**(PCC)**
**Diversity**
**EMET**
**ElmGrant**
**Kailo**
**KYN Lottery**
**LGBT3**
**North**
**Devon**
**District**
**Council**
**Pride TNL Awards**
**for All**
**TNL Reaching**
**Communities**
**Thomas Wall**
**Trust**
**Tudor Trust**
2,857
1,690
5,336
2,135
5,500
8,310
4,200
14,490
650
22,032
1,407
18,864
72,500
36,667
2,760
479
125
7,752
5,500
8,310
4,200
14,490
2,340
-
22,032
-
1,407
5,815
18,864
72,625
-
36,667
1,155
1454
6
1,071
20
73
1211
484
1,280
2650
3789
165
261.94
45,771
3917
1,810
2,029
11,191
3,812
62
17,490
68,286
3,274
30,425
13,069
129
2,700
687
2863
1,168
10
149
3,712
405
627
432
549
1,546
5,980
966
4,571
4,328
220
15
60,960
5,500
4,510
7,293
19,453
0
5,000
303
211
22,412
889
1,907
3,082
0
72,625
5,000
36,667
**(53,208)**
**-**
**3,800**
**(3,093)**
**(4,963)**
**2,340**
**(5,000)**
**(303)**
**(211)**
**(381)**
**(889)**
**(500)**
**2,733**
**18,864**
**-**
**(5,000)**
**-**
69,984
-
-
3,093
10,000
-
5,000
303
211
341
1,776
500
-
-
342
5,000
-
302
40
(342 )
**17,078**
**-**
**3,800**
**-**
**5,037**
**2,340**
**-**
**-**
**-**
**-**
**887**
**-**
**2,733**
**18,864**
**-**
**-**
**-**|**Total**
9,883
186,755
3,364|
|---|---|---|---|
||||200,002|
||||13,620
188,067
34,026
10,099|
||||245,812|
|||||
||||**(45,810)**|
||||96,550
-|
||||**50,740**|
11