## SUNNY HILL FOUNDATION (UK) LIMITED
## **Trustees’ Report**
## **and Unaudited Financial Statements**
for the year ended 30 April 2025
**Registered Charity Number 1206528 Registered Company Number 14062364**
## **SUNNY HILL FOUNDATION (UK) LIMITED**
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
## **INDEX**
||**Page**|
|---|---|
|**Charity information**|**1**|
|**Trustees’ Report**|**2**|
|**Independent Examiner’s Report**|**4**|
|**Statement of financial activities**|**5**|
|**Balance sheet**|**6**|
|**Statement of cash flows**|**7**|
|**Accounting policies**|**8**|
|**Notes to the financial statements**|**10**|
**SUNNY HILL FOUNDATION (UK) LIMITED** UNAUDITEDFINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
## **CHARITY INFORMATION**
## **Trustees**
Dukagijn Lipa (Founder) Anesa Lipa David Farquharson
## **Registered and Principal Office**
88-90 Baker Street London W1U 6TQ
## **Registered Charity Number**
1206528
## **Registered Company Number**
14062364
## **Independent Examiner**
James O’Rourke FCA Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY
**Page 1**
**SUNNY HILL FOUNDATION (UK) LIMITED** UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
## **TRUSTEES’ REPORT**
The trustees hereby present their annual report for the purposes of the Charities Act 2011 and Sections 416 to 419 of the Companies Act 2006, together with the accounts for the year ended 30 April 2024. The trustees have adopted the provisions of the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard (FRS 102).
## **STRUCTURE GOVERNANCE AND MANAGEMENT**
The organisation is a charitable company limited by guarantee (with no share capital), incorporated on 22 April 2022 and registered as a charity 12 January 2024. It is governed by the Memorandum and Articles of Association and is controlled by the trustees, who are the company directors for the purposes for company law.
New trustees are appointed by the Founder during his lifetime and subject to his death appointment is made by resolution of the trustees.
## **OBJECTIVES AND ACTIVITIES**
The objects of the charity are for the public benefit to advance such charitable purposes (according to the law of England and Wales) as the trustees from time to time think fit and, in particular, but without prejudice to the generality of the forgoing:
- 1 The advancement of the arts, culture and heritage;
- 2 The advancement of education;
- 3 The relief of those in need by reason of youth, age, ill-health, disability, financial hardship or other disadvantage; and
- 4 The advancement in life and the help of young people up to the age of 25 years through the provision of: a. Recreation and leisure time activities
In pursuance of these objectives the trustees have had regard to the Charity Commission’s guidance on public benefit.
## **ACHIEVEMENTS, PERFORMANCE AND FINANCIAL REVIEW**
During the year under review the charity made a grant in the furtherance of the objects of £16,811 (2024: £nil) to the Sunny Hill foundation to assist with the costs of the Sunny Hill Festival.
The charity’s total income for the year amounted £33,186 (2024: £873,145) consisting of donations of £29,178 (2024: £873,145) and bank interest of £4,008 (2024: £nil). Total resources expended for the same period amounted to £33,422 (2024: £3,481).
At 30 April 2025 the charity’s total funds amounted to £871,029 (2024: £870,864) with free reserves of £796,029 (2024: £794,664). The trustees consider the level of reserves to be appropriate and shall continue to monitor the charity’s reserves as activity increases.
## **PLANS FOR FUTURE PERIODS**
Continuing to assist Sunny Hill Foundation with the costs of the Sunny Hill Festival – promoting Kosovan musicians and introducing western artists. This included helping with the costs of the festival site such as sponsoring a campaign against domestic violence.
## **STATEMENT OF TRUSTEES’ RESPONSIBILITIES**
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
**Page 2**
**SUNNY HILL FOUNDATION (UK) LIMITED** UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
## **TRUSTEES’ REPORT**
Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP 2019 (FRS 102);
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
- there is no relevant information of which the charitable company’s examiner is unaware; and
- the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant information and to establish that the examiner is aware of that information.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
## **APPOINTMENT OF INDEPENDENT EXAMINER**
The charity remained below the audit threshold for the year under review and appointed James O’Rourke of Blue Spire Limited as independent examiner.
This report has been prepared having taking advantage of the small companies’ exemption in the Companies Act 2006.
Approved by the trustees and signed on their behalf.
David Farquharson Trustee and Director
27 February 2026 Date
**Page 3**
**SUNNY HILL FOUNDATION (UK) LIMITED** UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
## **INDEPENDENT EXAMINER’S REPORT**
## **Independent Examiner's Report to the Trustees of Sunny Hill Foundation (UK) Limited**
I report to the charity trustees on my examination of the accounts of the company for the year ended 30 April 2025 which are set out on pages 5 to 12.
## **Responsibilities and basis of report**
As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
James O’Rourke FCA Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY
Date[27 February 2026]
**Page 4**
## **SUNNY HILL FOUNDATION (UK) LIMITED**
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
## **STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)**
|**Note**
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
**1**
Interest on cash deposits
**Total**
**EXPENDITURE ON:**
Charitable activities
**2**
**Total**
Net gains/(losses) on foreign exchange
**Net Income/(expenditure)**
**Transfer between funds**
**8**
**Net movement in funds**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**8**
**Total funds carried forward**
**8**|**Funds**
**£**
29,178
4,008
33,186
33,422
33,422
1,601
1,365
-
1,365
794,664
796,029
**Unrestricted**|**Restricted**
**Funds**
**£**
-
-
-
-
-
-
-
-
-
75,000
75,000|**2025**
**Total**
**Funds**
**£**
29,178
4,008
33,186
33,422
33,422
1,601
1,365
-
1,365
869,664
871,029|**2024**
**Total**
**Funds**
**£**
873,145|
|---|---|---|---|---|
|||||873,145|
|||||3,481|
|||||3,481|
|||||-|
|||||869,664
-|
|||||869,664
-|
|||||869,664|
The charity has no recognised gains or losses other than those dealt with in the statement of financial activities.
**Page 5**
## **SUNNY HILL FOUNDATION (UK) LIMITED**
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
## **BALANCE SHEET AS AT 30 APRIL 2025**
|**Note**
**CURRENT ASSETS**
Debtors - Accrued income
Cash at hand and in bank
**Total current assets**
**CURRENT LIABILITIES**
Creditors: amounts falling due within one year
**6**
**Net current assets/(liabilities)**
**Net assets/(liabilities)**
**THE FUNDS OF THE CHARITY**
Restricted funds
**8**
General fund
**Total unrestricted funds**
**8**
**Total charity funds**
**8**|**£**
**£**
-
875,829
875,829
4,800
871,029
871,029
75,000
796,029
796,029
871,029
**2025**|**£**
**£**
569,166
303,498
872,664
3,000
869,664
869,664
75,000
794,664
794,664
869,664
**2024**|**£**
**£**
569,166
303,498
872,664
3,000
869,664
869,664
75,000
794,664
794,664
869,664
**2024**|
|---|---|---|---|
||||869,664|
||||75,000
794,664|
||||869,664|
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors’ responsibilities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the provisions of the Companies Act 2006 applicable to companies subject to the small companies regime.
The accompanying notes form part of these financial statements.
Approved by the trustees and signed on their behalf.
David Farquharson Trustee and Director
27 February 2026 Date
Sunny Hill Foundation (UK) Limited Company number: 14062364 Charity number: 1206528
**Page 6**
## **SUNNY HILL FOUNDATION (UK) LIMITED**
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
## **STATEMENT OF CASH FLOWS**
|**£**
**£**
**Net cash flow from operating activities (see below)**
572,331
**Net increase/(decrease) in cash and cash equivalents**
572,331
**Cash and cash equivalents brought forward**
303,498
**Cash and cash equivalents carried forward**
875,829
**Cash and cash equivalents consist of:**
Cash at bank and in hand
875,829
**Cash and cash equivalents at 30 April**
875,829
**Reconciliation of net income to net cash flow from operating activities**
**£**
**£**
Net income for the year
1,365
Adjusted for:
Decrease/(increase) in debtors
569,166
Increase/(decrease) in creditors
1,800
570,966
572,331
**2025**
**2025**|**£**
**£**
303,498
303,498
-
303,498
303,498
303,498
**£**
**£**
869,664
(569,166)
3,000
(566,166)
303,498
**2024**
**2024**|**£**
**£**
303,498
303,498
-
303,498
303,498
303,498
**£**
**£**
869,664
(569,166)
3,000
(566,166)
303,498
**2024**
**2024**|
|---|---|---|
|||303,498|
**Page 7**
## **SUNNY HILL FOUNDATION (UK) LIMITED**
## UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
## **ACCOUNTING POLICIES**
## **General information, scope and basis of the financial statements**
Sunny Hill Foundation (UK) Limited is a registered charity, established as a company limited by guarantee in England with the company number 14062364. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered and principal office is given in the charity information page of these financial statements and the nature of the charity’s operations and principal activities are detailed in the trustees' report.
The charity constitutes a public benefit entity as defined by FRS 102. 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 , UK Generally Accepted Accounting Practice and the provisions for small entities under FRS 102 1A and therefore do not include a statement of cash flows.
The financial statements are prepared on a going concern basis under the historical cost convention. The financial statements are prepared in sterling which is the functional currency of the charity and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
The charity does not prepare a statement of cash flows on the basis it is applying the exemptions within the Charities SORP and FRS102 Section 1A.
## **Income**
All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.
For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.
## **Expenditure**
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably.
It is categorised under the following headings:
● Charitable activities; includes all costs incurred in undertaking activities that further the charity's aims for the benefit of beneficiaries
## _Governance costs_
Governance costs are any costs associated with the strategic as opposed to day-to-day management of the charity’s activities. These costs include the cost of any administrative support provided to the trustees such as external audit, legal advice for trustees and costs associated with constitutional and statutory requirements.
## **VAT**
The charity is not registered for VAT and cannot therefore recover any VAT incurred on expenditure. Irrecoverable VAT is accounted for within the expenditure category to which the underlying costs relate.
## **Taxation**
The Charity is an exempt Charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in sections 466 to 493 Corporation Tax Act 2010 (CTA 2010), as such no income tax is payable on the Charity's activities.
## **Debtors and creditors receivable / payable within one year**
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
**Page 8**
## **SUNNY HILL FOUNDATION (UK) LIMITED** UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
## **ACCOUNTING POLICIES**
## **Cash and cash equivalents**
Cash and cash equivalents includes cash at bank and in hand available for the charity's use.
## **Funds**
## _Unrestricted funds_
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
## _Restricted funds_
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. More information on the purpose of specific funds can be found in the notes to these accounts.
## **Going concern**
The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.
**Page 9**
## **SUNNY HILL FOUNDATION (UK) LIMITED**
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
## **NOTES TO THE FINANCIAL STATEMENTS**
## **1. Donations and legacies**
|Donations
**2. Charitable Activities**
Grants to institutions (see note 3)
Irrecoverable withholding tax on
overseas donations
Support and governance costs:
Accountancy fees
Independent examiner's fees (see
note 4)
Bank charges|**Unrestricted**
**Funds**
**£**
29,178
29,178
**Unrestricted**
**Funds**
**£**
16,811
11,906
1,800
1,800
1,105
33,422|**Restricted**
**Funds**
**£**
-
-
**Restricted**
**Funds**
**£**
-
-
-
-
-
-|**2025**
**Total**
**Funds**
**£**
29,178
29,178
**2025**
**Total**
**Funds**
**£**
16,811
11,906
1,800
1,800
1,105
33,422|**Unrestricted**
**Funds**
**£**
798,145
798,145
**Unrestricted**
**Funds**
**£**
-
-
1,200
1,800
481
3,481|**Restricted**
**Funds**
**£**
75,000
75,000
**Restricted**
**Funds**
**£**
-
-
-
-
-
-|**2024**
**Total**
**Funds**
**£**
873,145|
|---|---|---|---|---|---|---|
|||||||873,145|
|||||||**2024**
**Total**
**Funds**
**£**
-
-
1,200
1,800
481|
|||||||3,481|
## **3. Grants to institutions** _**(one payment and England and Wales unless annotated)**_
|Sunny Hill Foundation
**4. Independent examiner's' fees**
Examination|**Country**
Kosovo
**Unrestricted**
**Funds**
**£**
1,800
1,800|**No.**
**Restricted**
**Funds**
**£**
-
-|**2025**
**£**
16,811
16,811
**2025**
**Total**
**Funds**
**£**
1,800
1,800|**Unrestricted**
**Funds**
**£**
1,800
1,800|**No.**
**Restricted**
**Funds**
**£**
-
-|**2024**
**£**
-|
|---|---|---|---|---|---|---|
|||||||-|
|||||||**2024**
**Total**
**Funds**
**£**
1,800|
|||||||1,800|
## **5. Wages and salaries and related party transactions**
The charity has no employees with administration provided by the trustees and an accountancy firm. As such there are not salary costs to disclose in these accounts.
No trustee directors, nor any person or related to them, received remuneration or reimbursed expenses during the year under review or the comparative year. Additionally the charity did not transact with any entity a trustee director, nor any person related to them, had a financial interest in.
**Page 10**
## **SUNNY HILL FOUNDATION (UK) LIMITED**
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
## **NOTES TO THE FINANCIAL STATEMENTS**
## **6. Creditors: amounts falling due within one year**
|**Unrestricted**
**Funds**
**£**
Accrued expenses
4,800
4,800
**7. Analysis of net assets between funds**
**Unrestricted**
**Funds**
**£**
Net current assets/(liabilities)
796,029
796,029|**Restricted**
**Funds**
**£**
-
-
**Restricted**
**Funds**
**£**
75,000
75,000|**2025**
**Total**
**Funds**
**£**
4,800
4,800
**2025**
**Total**
**Funds**
**£**
871,029
871,029|**Unrestricted**
**Funds**
**£**
3,000
3,000
**Unrestricted**
**Funds**
**£**
794,664
794,664|**Restricted**
**Funds**
**£**
-
-
**Restricted**
**Funds**
**£**
75,000
75,000|**2024**
**Total**
**Funds**
**£**
3,000|
|---|---|---|---|---|---|
||||||3,000|
||||||**2024**
**Total**
**Funds**
**£**
869,664|
||||||869,664|
## **8. Analysis of net movement in funds**
|_Restricted funds_
NW1 fund
Total restricted funds
_Unrestricted funds_
General fund
Total unrestricted funds
_Restricted funds_
NW1 fund
Total restricted funds
_Unrestricted funds_
General fund
Total unrestricted funds|**Total funds**
**brought**
**forward**
**£**
75,000
75,000
794,664
794,664
869,664
**Total funds**
**brought**
**forward**
**£**
-
-
-
-
-|**Total**
**incoming**
**resources**
**£**
-
-
33,186
33,186
33,186
**Total**
**incoming**
**resources**
**£**
75,000
75,000
798,145
798,145
873,145|**Total**
**Transfers**
**resources**
**between**
**expended**
**funds**
**£**
**£**
-
-
-
-
(33,422)
-
(33,422)
-
(33,422)
-
**Total**
**Transfers**
**resources**
**between**
**expended**
**funds**
**£**
**£**
-
-
-
-
(3,481)
-
(3,481)
-
(3,481)
-
**Year ended 31 March 2025**
**Year ended 31 March 2024**|**Foreign**
**exchange**
**gains/(losses)**
**£**
-
-
1,601
1,601
1,601
**Foreign**
**exchange**
**gains/(losses)**
**£**
-
-
-
-
-|**Total funds**
**carried**
**forward**
**£**
75,000|
|---|---|---|---|---|---|
||||||75,000|
||||||796,029|
||||||796,029|
||||||871,029|
||||||**Total funds**
**carried**
**forward**
**£**
75,000|
||||||75,000|
||||||794,664|
||||||794,664|
||||||869,664|
**Page 11**
## **SUNNY HILL FOUNDATION (UK) LIMITED**
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
## **NOTES TO THE FINANCIAL STATEMENTS**
## **9. Description of funds**
NW1 fund
Funds received to support programmes and activities which benefits the lives of vulnerable youth.
## **10. Comparative statement of financial activities**
|**Note**
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
**1**
**Total**
**EXPENDITURE:**
Charitable activities
**2**
**Total**
**Net Income/(expenditure)**
Transfers between funds
**Net movement in funds**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**8**
**Total funds carried forward**
**8**|**Unrestricted**
**Funds**
**£**
798,145
798,145
3,481
3,481
794,664
-
794,664
-
794,664|**Restricted**
**Funds**
**£**
75,000
75,000
-
-
75,000
-
75,000
-
75,000|**2024**
**Total**
**Funds**
**£**
873,145|
|---|---|---|---|
||||873,145|
||||3,481|
||||3,481|
|||||
||||869,664
-|
||||869,664
-|
||||869,664|
**Page 12**