CHARITY REGISTRATION NUMBER: 284833
Sunrise Education Trust Unaudited Financial Statements
31 March 2021
KUGAN & CO:
Chartered Certified Accountants 238A Kingston Road New Malden Surrey KT3 3RN
Sunrise Education Trust
Financial Statements
Year ended 31 March 2021
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 5 |
| Statement of financial activities | 6 |
| Statement of financial position | 7 |
| Notes to the financial statements | 8 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 17 |
| Notes to the detailed statement of financial activities | 19 |
Year ended 31 March 2021
Sunrise Education Trust
Trustees' Annual Report
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2021.
Reference and administrative details
Registered charity name Sunrise Education Trust Charity registration number 284833 Principal office 1 Cazenove Road London N16 6PA
The trustees
Mr A E Lovage Ms Robins Ms Y Ramasamy Independent examiner N Kugadason FCCA 238A Kingston Road New Malden Surrey KT3 3RN
Structure, governance and management
Governing document
The trust was created on 26th April 1982 and governed by the Trust Deed of the charity.
Management
The trustees named on page 3 have served throughout the year. Appointment of trustees is governed by the Trust Deed of the charity.
The two schools are run by a management committee of four people, the chair person of which is Miss Meenakshi Singh and presided by trustee Mr A E Lovage.
1
Sunrise Education Trust
Trustees' Annual Report (continued)
Year ended 31 March 2021
Objectives and activities
Objects and policies
The principal objects of the Charity are as follows:
-
To develop children with full personalities and a broad prejudice free perspective
-
To teach love and respect for all forms of life.
-
To build character based on strong moral and social values.
-
To teach children academically by working with them individually at their own speed and through the media of stories and drama which come naturally to children.
-
To develop the sensory and motor organs through dance, yoga, sports and games.
-
To serve vegetarian food.
The policy of the trust continues to be the seeking of finance to promote their objects.
The trustees do comply with the public benefits rules published by the Charity Commission in running the charity.
Achievements and performance
Development, activities and achievements
During the national lockdown the primary school continued online lessons, teaching literacy and numeracy, then opening under the restrictions of COVID-19 from September 2020 until 15th January 2021. At this point the primary school closed due to financial non-viability. Online lessons did continue throughout the Spring Term until remaining parents could find alternative arrangements for their children's education. Teaching continued to be underlined by the ethos of Neo-Humanistic Education. Extra tuition was provided to some pupils in order to assist them to achieve necessary standards, and all pupils were inspired with love of learning by creative writing and independent study. Parents were kept informed of their child's progress on a regular basis by the teacher encouraging parental support and close co-operation.
The loss of the school and the economic status of the Tottenham building and its upkeep remain of concern to the Management Committee and trustees. Consistent admin support was put in place and work has been initiated to prepare the site for the registration of a nursery with Ofsted, for children aged one year upwards to five.
We received £5,000 as donation from AMURT charity to cover our running costs due to the pandemic along with other wellwishers donation amounting to £4,173 in total £9,173 was raised.
2
Sunrise Education Trust
Trustees' Annual Report (continued)
Year ended 31 March 2021
Achievements and performance (continued)
The Stoke Newington Nursery continues to be operated successfully, with a 'GOOD' Ofsted judgement, and has successfully accommodated children under 2 years of age.
The performance of the charity was satisfactory, in spite of pandemic, with the help of Government scheme known as Covid 19 Job Retention Scheme' receiving a grant of £57,565. It made a surplus of £14,807 (2020-deficit of £40,139) during the year.
The fees receivable amounted to £110,524 (2020-£186,938), a reduction of £76,414 compared to a reduction of £48,241 in the previous year, due to the pandemic. The number of students was 20 (8 at the primary and 12 at Stoke Newington)compared to 30 combined in 2020.
The trust employed 14 staff during the year (2020-15 staff).
We did not organise any fund raising events during the year due to the pandemic ( in 2020 only one fund raising event- vegi dinner- £1,359) and as such there were no fundraising cost for the year (2020£624).
The nursery kitchen was used to prepare fresh samosas for sale. The total sales for the year amounted to £2,218 (2020-£2,085) and the cost amounted to £600 (2020-£280).
There were no parental volunteers during the year (2020-there were 3 volunteers, the fees of their children amounting to ££2,813 was charged as volunteers costs).
The trust has donated Ananda Marga Pracharaka Samgha in Germany 900 (2020-£600). Ananda Marga supported Sunrise through one volunteer.
Financial review
Financial review & future developments
The financial results are given in the financial statement on page 5 and the trustees are satisfied in achieving a surplus after disappointed bad financial results in the past three years. The excess income over expenditure for the year ended 31 March 2021 was £14,807 (2020-The excess expenditure over the income £40,139).
Reserves policy
It is the policy of the charity to maintain unrestricted funds at a level, which equate to approximately one and half months unrestricted expenditure, estimated £25,000. This provides sufficient funds to cover management, administration and support costs. Unrestricted funds excluding tangible fixed assets are maintained at least this level throughout the year.
Investment powers
The Trust deed authorises the trustees to make and hold investments using the general funds of the charity. The investments viz. 1, Cazenove Road, London N16 and 55 Coniston Road, London N17 which are occupied by the charity for carrying out its objects and are held by the trustees.
3
Sunrise Education Trust
Trustees' Annual Report (continued)
Year ended 31 March 2021
Plans for future periods
Future plans
The trustees intend to
-
to open a new nursery in Tottenham building as an additional setting to Stoke Newington nursery
-
increase training in phonics for Early Years staff
-
attract new staff as childcare practitioners and improve managerial capacity to fulfill ongoing
-
administrative tasks and provide ongoing financial information to the Management Committee
-
address the challenges of providing additional support for children with Special Educational Needs as this seems a result of the pandemic
The trustees' annual report was approved on 30 December 2021 and signed on behalf of the board of trustees by:
Mr A E Lovage Trustee
4
Sunrise Education Trust
Independent Examiner's Report to the Trustees
Year ended 31 March 2021
I report to the trustees on my examination of the financial statements of Sunrise Education Trust ('the charity') for the year ended 31 March 2021.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the financial statements do not accord with those records; or
-
the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
N Kugadason FCCA Independent Examiner 238A Kingston Road New Malden Surrey KT3 3RN
30th December 2021
5
Sunrise Education Trust
Statement of Financial Activities
Year ended 31 March 2021
| 2021 | 2021 | 2020 | ||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | Total funds | Total funds | ||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 4 | 66,738 | 66,738 | 1,437 |
| Charitable activities | 5 | 110,524 | 110,524 | 186,938 |
| Other trading activities | 6 | 2,218 | 2,218 | 3,800 |
| Investment income | 7 | 11 | 11 | 57 |
| Other income | 8 | 4,695 | 4,695 | 4,390 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total income | 184,186 | 184,186 | 196,622 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| Expenditure | ||||
| Expenditure on raising funds: | ||||
| Costs of other trading activities | 9 | 600 | 600 | 624 |
| Expenditure on charitable activities | 10,11 | 167,879 | 167,879 | 235,537 |
| Other expenditure | 13 | 900 | 900 | 600 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total expenditure | 169,379 | 169,379 | 236,761 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Net income/(expenditure) and net movement in funds | 14,807 | 14,807 | (40,139) | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| Reconciliation of funds | ||||
| Total funds brought forward | 262,075 | 262,075 | 302,214 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total funds carried forward | 276,882 | 276,882 | 262,075 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 8 to 15 form part of these financial statements.
6
Sunrise Education Trust
Statement of Financial Position
31 March 2021
| 2021 | 2020 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 18 | 225,736 | 233,605 |
| Current assets | |||
| Debtors | 19 | 25,649 | 31,235 |
| Cash at bank and in hand | 79,529 | 50,041 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| 105,178 | 81,276 | ||
| Creditors: amounts falling due within one year | 20 | 54,032 | 52,806 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| Net current assets | 51,146 | 28,470 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total assets less current liabilities | 276,882 | 262,075 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Net assets | 276,882 | 262,075 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| Funds of the charity | |||
| Unrestricted funds | 276,882 | 262,075 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total charity funds | 23 | 276,882 ৶৶৶৶৶৶৶৶৶ |
262,075 ৶৶৶৶৶৶৶৶৶ |
These financial statements were approved by the board of trustees and authorised for issue on 30 December 2021, and are signed on behalf of the board by:
Mr A E Lovage Trustee
The notes on pages 8 to 15 form part of these financial statements.
7
Sunrise Education Trust
Notes to the Financial Statements
Year ended 31 March 2021
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 1 Cazenove Road, London, N16 6PA.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company.(b) Disclosures in respect of financial instruments have not been presented.
Judgements and key sources of estimation uncertainty
The schools are subject to OFSTED scrutiny. Their continuity is based on successfully complying with the OFSTED requirements. The trustees are confident that they will meet the requirement to continue its operation.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
8
Sunrise Education Trust
Notes to the Financial Statements (continued)
Year ended 31 March 2021
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
9
Sunrise Education Trust
Notes to the Financial Statements (continued)
Year ended 31 March 2021
3. Accounting policies (continued)
Tangible assets (continued)
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
| Freehold property | - | 2% straight line |
|---|---|---|
| Fixtures and fittings | - | 25% straight line |
| Motor vehicles | - | 25% straight line |
| Equipment | - | 25% straight line |
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the charity will comply with the conditions attaching to them and the grants will be received.
Where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
4. Donations and legacies
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | |
| £ | £ | £ | £ | |
| Donations | ||||
| Donations | 9,173 | 9,173 | 1,437 | 1,437 |
10
Sunrise Education Trust
Notes to the Financial Statements (continued)
Year ended 31 March 2021
4. Donations and legacies (continued)
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | ||
| £ | £ | £ | £ | ||
| Grants | |||||
| Government grant income | 57,565 | 57,565 | – | – | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ||
| 66,738 | 66,738 | 1,437 | 1,437 | ||
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ||
| 5. | Charitable activities | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2021 | Funds | 2020 | ||
| £ | £ | £ | £ | ||
| Fees | 110,524 | 110,524 | 186,938 | 186,938 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| 6. | Other trading activities | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2021 | Funds | 2020 | ||
| £ | £ | £ | £ | ||
| Fundraising events | – | – | 1,715 | 1,715 | |
| Kitchen income | 2,218 | 2,218 | 2,085 | 2,085 | |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ||
| 2,218 | 2,218 | 3,800 | 3,800 | ||
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ||
| 7. | Investment income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2021 | Funds | 2020 | ||
| £ | £ | £ | £ | ||
| Income from cash investments | 11 | 11 | 57 | 57 | |
| ৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶ | ||
| 8. | Other income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2021 | Funds | 2020 | ||
| £ | £ | £ | £ | ||
| Rent | 695 | 695 | 1,390 | 1,390 | |
| Other operating income | 4,000 | 4,000 | 3,000 | 3,000 | |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ||
| 4,695 | 4,695 | 4,390 | 4,390 | ||
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ |
11
Sunrise Education Trust
Notes to the Financial Statements (continued)
Year ended 31 March 2021
9. Costs of other trading activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | ||
| £ | £ | £ | £ | ||
| Fundraising expenditure | – | – | 344 | 344 | |
| Kitchen cost | 600 | 600 | 280 | 280 | |
| ৄৄৄৄ | ৄৄৄৄ | ৄৄৄৄ | ৄৄৄৄ | ||
| 600 | 600 | 624 | 624 | ||
| ৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶ | ||
| 10. | Expenditure on charitable activities by fund type | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2021 | Funds | 2020 | ||
| £ | £ | £ | £ | ||
| Nursery and primary school | 163,893 | 163,893 | 233,188 | 233,188 | |
| Support costs | 3,986 | 3,986 | 2,349 | 2,349 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| 167,879 | 167,879 | 235,537 | 235,537 | ||
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| 11. | Expenditure on charitable activities by activity type | ||||
| Activities | |||||
| undertaken | Total funds | Total fund | |||
| directly Support costs | 2021 | 2020 | |||
| £ | £ | £ | £ | ||
| Nursery and primary school | 163,893 | 3,986 | 167,879 | 235,537 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| 12. | Analysis of support costs | ||||
| School | |||||
| running | Total 2021 | Total 2020 | |||
| £ | £ | £ | |||
| Bank charges | 5 | 5 | - | ||
| Legal and professional fee | 1,856 | 1,856 | 624 | ||
| Acciuntancy | 1,825 | 1,825 | 1,425 | ||
| Independent examiner's fee | 300 | 300 | 300 | ||
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | |||
| 3,986 | 3,986 | 2,349 | |||
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | |||
| 13. | Other expenditure | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2021 | Funds | 2020 | ||
| £ | £ | £ | £ | ||
| Donations | 900 | 900 | 600 | 600 | |
| ৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶ |
12
Sunrise Education Trust
Notes to the Financial Statements (continued)
Year ended 31 March 2021
14. Net income/(expenditure)
Net income/(expenditure) is stated after charging/(crediting):
| 2021 | 2020 | ||
|---|---|---|---|
| £ | £ | ||
| Depreciation of tangible fixed assets | 7,869 | 7,869 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ||
| 15. | Independent examination fees | ||
| 2021 | 2020 | ||
| £ | £ | ||
| Fees payable to the independent examiner for: | |||
| Independent examination of the financial statements | 300 | 300 | |
| ৶৶৶৶ | ৶৶৶৶ | ||
| 16. | Staff costs |
The total staff costs and employee benefits for the reporting period are analysed as follows:
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 125,219 | 164,677 |
| Employer contributions to pension plans | 1,513 | 2,217 |
| Volunteers costs | – | 2,813 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 126,732 | 169,707 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
The average head count of employees during the year was 14 (2020: 15).
No employee received employee benefits of more than £60,000 during the year (2020: Nil).
17. Trustee remuneration and expenses
There were no remuneration or other benefits from employment with the charity or a related entity were received by the trustees during the year or in previous year.
18. Tangible fixed assets
| Freehold | Fixtures and | Motor | |||
|---|---|---|---|---|---|
| property | fittings | vehicles | Equipment | Total | |
| £ | £ | £ | £ | £ | |
| Cost | |||||
| At 1 April 2020 and | |||||
| 31 March 2021 | 393,455 | 11,671 | 13,913 | 3,320 | 422,359 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| Depreciation | |||||
| At 1 April 2020 | 159,852 | 11,670 | 13,912 | 3,320 | 188,754 |
| Charge for the year | 7,869 | – | – | – | 7,869 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| At 31 March 2021 | 167,721 | 11,670 | 13,912 | 3,320 | 196,623 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| Carrying amount | |||||
| At 31 March 2021 | 225,734 | 1 | 1 | – | 225,736 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| At 31 March 2020 | 233,603 | 1 | 1 | – | 233,605 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
13
Sunrise Education Trust
Notes to the Financial Statements (continued)
Year ended 31 March 2021
19. Debtors
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Trade debtors | 2,361 | 18,230 |
| Prepayments and accrued income | 20,888 | 10,605 |
| Other debtors | 2,400 | 2,400 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 25,649 | 31,235 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |
| Creditors: amounts falling due within one year | ||
| 2021 | 2020 | |
| £ | £ | |
| Trade creditors | 8,921 | 6,474 |
| Accruals and deferred income | 2,165 | 2,390 |
| Social security and other taxes | 53 | 89 |
| Other creditors | 42,893 | 43,853 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 54,032 | 52,806 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
20. Creditors: amounts falling due within one year
21. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £1,513 (2020: £2,217).
22. Government grants
The amounts recognised in the financial statements for government grants are as follows:
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Recognised in income from donations and legacies: | ||
| Government grants income-Covid-19 Job Retention Scheme | 57,565 ৶৶৶৶৶৶৶৶ |
– ৶৶৶৶ |
23. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||
|---|---|---|---|---|
| At 1 April | At 31 March | |||
| 2020 | Income | Expenditure | 2021 | |
| £ | £ | £ | £ | |
| General funds | 262,075 | 184,186 | (169,379) | 276,882 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| At 1 April | At 31 March | |||
| 2019 | Income | Expenditure | 2020 | |
| £ | £ | £ | £ | |
| General funds | 302,214 | 196,622 | (236,761) | 262,075 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
14
Sunrise Education Trust
Notes to the Financial Statements (continued)
Year ended 31 March 2021
24. Analysis of net assets between funds
| Unrestricted | Total Funds | |
|---|---|---|
| Funds | 2021 | |
| £ | £ | |
| Tangible fixed assets | 225,736 | 225,736 |
| Current assets | 105,178 | 105,178 |
| Creditors less than 1 year | (54,032) | (54,032) |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Net assets | 276,882 | 276,882 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| Unrestricted | Total Funds | |
| Funds | 2020 | |
| £ | £ | |
| Tangible fixed assets | 233,604 | 233,604 |
| Current assets | 81,276 | 81,276 |
| Creditors less than 1 year | (52,805) | (52,805) |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Net assets | 262,075 | 262,075 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
15
Year ended 31 March 2021
Sunrise Education Trust
Management Information
The following pages do not form part of the financial statements.
16
Sunrise Education Trust
Detailed Statement of Financial Activities
Year ended 31 March 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| Donations | 9,173 | 1,437 |
| Government grant income | 57,565 | – |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | |
| 66,738 | 1,437 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | |
| Charitable activities | ||
| Fees | 110,524 | 186,938 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Other trading activities | ||
| Fundraising events | – | 1,715 |
| Kitchen income | 2,218 | 2,085 |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | |
| 2,218 | 3,800 | |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | |
| Investment income | ||
| Income from cash investments | 11 | 57 |
| ৄৄৄৄ | ৄৄৄৄ | |
| Other income | ||
| Rent | 695 | 1,390 |
| Other operating income | 4,000 | 3,000 |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | |
| 4,695 | 4,390 | |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Total income | 184,186 | 196,622 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
17
Sunrise Education Trust
Detailed Statement of Financial Activities (continued)
Year ended 31 March 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Expenditure | ||
| Costs of other trading activities | ||
| 600 | 624 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Expenditure on charitable activities | ||
| Wages and salaries | 125,219 | 164,676 |
| Pension costs | 1,513 | 2,217 |
| Other post-retirement benefits | – | 2,813 |
| Rates and water | 4,326 | 5,229 |
| Light and heat | 2,845 | 2,506 |
| Repairs and maintenance | 5,611 | 7,814 |
| Insurance | 4,938 | 8,418 |
| Other establishment | 1,547 | 1,645 |
| Motor vehicle expenses | 1,816 | 3,886 |
| Other motor/travel costs | 1,472 | 4,727 |
| Legal and professional fees | 1,856 | 624 |
| Telephone | 1,143 | 1,094 |
| Other office costs | 674 | 563 |
| Depreciation | 7,869 | 7,869 |
| Food and household | 3,928 | 7,959 |
| Educational material | 470 | 2,743 |
| Subscription and membership | 527 | 214 |
| Bad debts written off | – | 8,593 |
| Sundry expenses | – | 222 |
| Accountancy | 1,825 | 1,425 |
| Independent examination fee | 300 | 300 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 167,879 | 235,537 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Other expenditure | ||
| Donations | 900 | 600 |
| ৄৄৄৄ | ৄৄৄৄ | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Total expenditure | 169,379 | 236,761 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Net income/(expenditure) | 14,807 | (40,139) |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
18
Sunrise Education Trust
Notes to the Detailed Statement of Financial Activities
Year ended 31 March 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Costs of other trading activities | ||
| Fundraising expenditure | ||
| Fundraising expendituture | – | 344 |
| ৄৄৄৄ | ৄৄৄৄ | |
| Kitchen cost | ||
| Kitchen cost | 600 | 280 |
| ৄৄৄৄ | ৄৄৄৄ | |
| ৄৄৄৄ | ৄৄৄৄ | |
| Costs of other trading activities | 600 | 624 |
| ৶৶৶৶ | ৶৶৶৶ | |
| Expenditure on charitable activities | ||
| Nursery and primary school | ||
| Activities undertaken directly | ||
| Wages and salaries | 125,219 | 164,676 |
| Employer's pension costs | 1,513 | 2,217 |
| Volunteers cost | – | 2,813 |
| Rates and water | 4,326 | 5,229 |
| Light and heat | 2,845 | 2,506 |
| Repairs and maintenance | 5,611 | 7,814 |
| Insurance | 4,938 | 8,418 |
| Training | 1,547 | 1,645 |
| Motor vehicle expenses | 1,816 | 3,886 |
| Travel costs | 1,472 | 4,727 |
| Telephone | 1,143 | 1,094 |
| Printing, postage and stationary | 669 | 563 |
| Depreciation | 7,869 | 7,869 |
| Food and household | 3,928 | 7,959 |
| Educational materials | 470 | 2,743 |
| Subscription and membership | 527 | 214 |
| Bad debts written off | – | 8,593 |
| Sundry expenses | – | 222 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 163,893 | 233,188 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Support costs | ||
| Legal and professional fees | 1,856 | 624 |
| Bank charges | 5 | – |
| Accountancy | 1,825 | 1,425 |
| Independent examiner's fee | 300 | 300 |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | |
| 3,986 | 2,349 | |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Expenditure on charitable activities | 167,879 | 235,537 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
19