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THE SUNRISE CHARITABLE TRUST
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for Newport Wormit & Forgan [SC050902]
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Legal & Administrative Report of Trustees for the year ended 14" April 2025
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The Sunrise Trust (ST) was established by Newport, Wormit and Forgan Community Council transferring funds made available (since 2016) by the operators of the Wormit Solar Farm for ‘community benefit’. In addition to the community benefit income, ST can raise funds and accept donations and bequests from other sources. The Trust make ' grants, donations and loans’ (for charitable purposes only) to local organisations in support of activities projects or programmes that ‘in the view of the Trustees'...'are of benefit to the community’ of Newport Wormit & Forgan. The Trust encourages local community organisations to seek financial support and has an application process for the purpose. Applicants are required to include supporting information about governance of the organisation, it's recent financial history and the aims of projects for which support is being requested. These are assessed by the trustees. If supported, the conditions (e.g. Interim and final reports, financial reporting, staged payments etc.) that snould apply to a grant or loan. Eight trustees served during the year. They were:Grants, Donations and Loans Report 2024-25
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The trustees awarded two grants totalling £5947; to the Forgan Arts Centre (£4985) and Newport and Wormit In-Bloom Group (£962). The latter received an advance of £300 Following the completion of projects and presentation of satisfactory reports and accounts final payments of £600 to Wormit Boating Club(Kayak Shed Grant) and £400 to the In-Bloom Group (2™ Grant). The trust monitors the projects it supports and following satisfactory reports provides funds as required within the limits of it's commitments. A number of organisations have enquired about the possibility of receiving financial support in the future. In response the Trust has informed interested parties of the ‘community benefit ethos, the likely conditions attached of any support and the application requirements. Related Party Transactions
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Trustees are required to ‘declare an interest’ when they have a connection with an applicant organisation and to take no part in deliberations concerning its request for support. In this oeriod appropriate declarations were made on separate occasions by two of the trustees. Financial and Transactions Report
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On 15" April 2024 the Trust held total funds of £25,012.30 The Trustees report Income of £5659.46 and Expenditure of £1441.00 (Grants:£1300.00 Admin Expenses £141.00) and therefore declares a surplus of £4218.46 for the year. The grants were made under the charitable purposes of the trust for the benefit of the community. On 14" April 2025 the trust held total funds of £29,230.76 Adopted by the Trustees on 8" October 2025
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THE SUNRISE CHARITABLE TRUST for Newport Wormit & Forgan
scottish Charity Number SC050902
FINANCIAL STATEMENTS & ACCOUNTS 2024-25
1. Receipts and Payments Account for the Year Ended 14" April 2025
2024-25 2023-24
Income F. £ £ £
Wormit Solar Farm PLC 5659.46 3736.65
Fundraising 0.00 0.00
Loan repayment 0.00 0.00
Total Receipts 5659.46 3736.65
Expenditure |
Grants:-
Wormit Boating Club 600.00
Newport & Wormit In-Bloom 700.00
Total Grants 1300.00 2800.00
Aamin. Expenses:-
AGM Printing 30.00
Meetings 29.90
Bank Charges 81.10
Total Admin Costs 141.00 204.40
Total Expenditure 1441.00 3004.40
Net Surplus/ (Deficit) 4218.46 732.25
2. Statement of Balances at 14° April 2025
Cash in Bank Account
at the start of the Financial Year 25012.30 24280.05
Net Surplus/ (Deficit) 4218.46 732.25
Cash in Bank Account
at the end of the Financial Year 29230.76 25012.30
3. Reserves
Balance brought forward 25012.30 24280.05
Net Surplus/(Deficit) 4218.46 732.25
Balance carried forward 29230.76 | 25012.3
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4. Declarations
Funds are unrestricted.
Approved by the Trustees and signed on their behalf
% 4 : gen woe
— | Date: BS Odehen. Ro -“”
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SUNRISE CHARITABLE TRUST for Newport Wormit & Forgan [Scottish Charity No. SC050902] INDEPENDENT EXAMINER’S REPORT 2024-25 | report on the accounts of the charity for the year beginning 15"April 2024 to 14“ April 2025 which is set out on the preceding page. Respective responsibilities of Trustees and Examiner The charity’s trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 The charity’s trustees consider that the audit requirement of Regulation 10(1) (a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts under section 44(1)(c) of the Act and to state whether particular matters have come to my attention.
Basis of Independent Examiner’s Statement
My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. 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 the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequenily | do not express an audit opinion on the view given by the accounts. Independent Examiner’s Statement In the course of my examination, no matter has come to my attention which gives me reasonable cause to believe that in any material respect tne requirements: |. To keep accounting records in accordance with Section 44(1 )(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and ll. | To prepare accounts which accord with the accounting records and comply with Regulation 8 the 2006 Accounts Regulations have not been met, or to which, in my opinion, attention should be drawn in order to enabie a proper understanding of the accounts to be reached. Signed.. vn ated wn NAVE ZS Independent Examiner: Qualification/Professional BOY secccccccN COWS scccccsssccesssssscssssstvesensessesssssveresesssstsareavevenesseeee a Ul :”:—“‘ia