COMPANY REGISTRATION NUMBER: 04769232 CHARITY NUMBER: 1065786 SHIIYEY ADVICE & RESOURCE PROJECT FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 LVIARCH 2024
SHINEY ADVICE & RESOURCE PROJECT FINANCIAL STATEMEIYTS YEAR ENDED 31 MARCH 2024 Contents Pages Legal and administrntive inforniation Report of the trustees 2to12 tndependent examiner's reEK)rt to the trustees 13 Statement of financial activities 14 Statement of fmancial position Is Notes to the financial statements 16to28
SHINEY ADVICE & RESOURCE PROJECT LEGAL AND ADMINISTRATIVE INFORMATION Registration Numbers Charity Number 1065786 Company Number 04769232 Trustees Christine Parkin - Chair Tia Patterson - Vice Chair Clinton Leeks OBE - Secretary Kathleen L¢v¢y - Treasurer Lisa Watson Jobn Dannell Anne Lawson (Appointed 22 November 2023) Company Secrelary Clinton Leeks OBE Registered Office 17 Beatrice Terrace Shiney Row Houghion le Spring Tyne & Wear DH4 4QW Independent Exv4miner Torgersens Chartered Accountants East Suite, Ground Floor Avalon House St Catherines Court Sunderland SR5 3XJ Bankers Unity Trust Bank plc Nine Brindleyplace Birmingham BI 2HB Monmouthshire Building Society MonmouthshiTe House John Frost Square Newport South Wales NP20 IPX Solicitors Hedley & Co 20 Fawcett Street Sunderland SRI IRZ
SHINEY ADVICE & RESOURCE PROJECT THE TRUSTEES, REPORT (INCORPORATING THE DIRECTOR'S REPORT) YEAR ENDED 31 IIARCH 2024 The Trust¢es present this report together with the fmancial statements of the charitable company for the year ended 31 March 2024. The fjnancial statements have been prepared in accordance with the accounting policies set out on pages 16 to 17 and comply with the current statutory requiremenls, the Tequirements of the charitable company's governing documenL the current Statement of Recon)mended Practice and the Companies Act 2006. Administration details Constitution The Shiney Advice & Resource Project ("ShARP"} is a registered Charity (No. 1065786) and is a company limited by guarantee (Company No. 04769232). The principal address of the charitable company is: 17 Beatrlce Terrace Shiney Row Houghton le Spring Tyne & Wear DH4 4QW The Dirrftors who served during the year are as follows: . Christine Parkin - Chair Tia Patterson - Vice Chair Clinton Leeks OBE- Secretary Kathleen Levey - Treasurer Lisa Watson John Dannell Anne Lawson The above are Directors and Trustees for the purposes of the Companies Act and Charitie5 Act respectively. Structure, Governance and Management Shiney Advice & Resource Project (ShARP) was established September 1981 under Memorandum and Article5 of Association which set out the aims, objectives and govemance of the organisation. ShARP was registered as a charity and Incoor8ted as a company limited by guarantee on 19 May 2003. ShARP has a B0d made up of representation from the local community. The members of the Board are the Directors of the company. Recruitment is open and anyone with an interest in the area ShARP covers and who supports the aims and objectives of ShARP can volunteer for the Board. All positions on the Board are voted on andlor confirnied at the Annual General Meeting (AGM). Board members serve for a 3-y¢ar terni. They are eligible for re-election at the end of their 3-year t¢mi and there will be no more than 15 and no less than 5 members at any one time. The Board WAII invite co-options b¢tween AGMS from individual members whose experience or interests are Televant to the rtherIng of ShARP's objeclives. Appointment of COvOPtions will take place at ordinary meetings and take effect from the end of the meeting. At any one time no more than one third of the Board should be co- opted.
SHINEY ADVICE & RESOURCE PROJECT THE TRUSTEES, REPORT (INCORPORATING THE DIRECTOR'S REPORT) YEAR ENDED 31 MARCH 2024 ShARTr is a membership organisation and considers all suitably qualified and skilled members who apply to become Trustees. Most Trustees joining ShARP are familiar with the practical work of the organisation. New Trustees are invited to an induction session given by the Chair or a serving member of the Board. These sessions include. The obligations of the Board The main documents describing the operational fiwnework including the Memorandum and Article5 Resourcing the fmancial position of ShAIiP as set out in the accounts Future plans and objectives Organisational Structure The Board meets bi- monthly and is responsible for the strategic direction and policy of the organisation. The Chief Offjcer is responsible for all aspects of operational management with support from the Chair and nominated board members, including the Treasurer. The Finance Sub Committee meets monthly and provides scrutiny to financial systems, monitors income and expenditure against budgets. Objeets The object of ShARP is the promotion of any charitable purpose for the benefit of the commwiity living in Hougbton-le-spring and surrounding are&8. These objects must be pursued with due regard to equality of opportunity and without discrimination on the grounds of age, disability, race, religioTh> gender or sexuality. In furtherance of its objects but not otherwise, the company has the following poweTS'. To infonn, &851St and advise people living, working, or otherwise connected with the area, in all matters relating to their rights and development. To provide free advice and infonnation to individuals and groups in matters relating to welfare rights. debl housing and employment. Promote and provide education and training in matters relating to citizens. Tights and skills for personal developm¢nt. To promote the use of resources and sharing of knowledge for local individuals and gTOUPS. To respond to the needs of the community by ensuring that the organisation is managed by local people and to provide training for them to function effectively. Public Benefit Statements The Trustees have had regard to the Charity Commission's guidance on their legal duty on public benefit, and are satisfied that the Charity delivers public benefiL and due regard is paid to the guidance on public benefit when deciding on what new projects the charity should undertake.
SHINEY ADVICE & RESOURCE PROJECT THE TRUSTEES, REPORT (INCORPORATING THE DIRECTOR'S REPORT) YEAR ENDED 31 MARCH 2024 Achievements and Performanee ShARP is a membership organisation. We are a busy community anchor and in 2023 - 2024, 10,403 people used advice services and centre based activities. Our core bSineSS is the delivery of free, independent welfare rights, benefits and debt advice Services to assist people in understandÉng their right5 and claiming their entitlement. We continually review and refresh our services in response to national government policy, to address local priorities as identifjed through community consultation and to meet the needs of the con]munity. Ill 2023 - 2024 the value of our ability to flex and respond to need by being innovative in creating new services and delivering practical help has been an essential support to our community as the Cost of Living crisis impacted on daily living causing real hardship to many local people. The core business of the charity is the development of the comtnunity through the pmvi5ion of advice and the Board of Directors maintained that priority in all the areas of new work developed in 2023 - 2024. In 5UPPOrt of that the Board of Directors reviewed the staffing structure and identified a Tesource to create an additional Advice Worker post. The development of new pmjects this year was made possible by the responsiveness and generosity of fimders as well as the strengthening of our parthership working atTangements with other voluntary sector organisations. This year has seen ShARP further develop joint WO with Pallion Action Group to deliver Year 3 of the First Tier Welfare Rights contract. Our partnership Back on The Map continued with joint work to provide advice to older people in Hendon through tndependent Age fundlng. We developed a new partnership with Oxclose District Young People's Project to deliver a 2-year pilot project - Youth Matters Fun with Finance funded by Sunderland City Council Washington Area Committee. This pilol will work with young people in Washington to o-design a programme specifically for young people to support learning about all aspects of money management, budgeting and priorities, saving, debt, illegal money lending, scams, gambling, building fjnancial resilience and how to get help and 5UPPOrt if things go wrong for themselves or other5. The ndIng foi the core costs of the Charity remains a constant challenge and this year has been especially difficult for us due the impact of rising energy costs etc drawing heavily on our own resources. So, we are very grateful to funders and donors who have regniSed that challenge and stepped forward to support our work. The Board of Director5 would Ilke to Ihank all nderS for their continued tsst and support in what has been another challenging year as we sought new and innovative ways to support local people caughl up in the Cost of Living crisis. This year: We were assessed for the Advice Quality Standard (AQS) which quality assures our advice service and are proud to have retained the accreditation. We have maintained Investors in People We maintained our accreditation as a Living Wage Employer. The Chief Officer 5UPPOrted the Sunderland Living Wage Action Group. We maintained membership of Disability Rights UK because we are cornmitted to ensuring ihat we are accessible, inclusive and visible to all member5 of our community. We strengthened our financial management system by securing support from a Senior. experienced Finance Manager. This has improved management of our fanCIal systems which is crucial given the complexity of our llding sources and monitoring Tequirements. We reviewed and refreshed the ShARP business plan and strategy to identify potential for growth and consolidation of all areas of the charities work. The Board of Directors also would like to take this opportunity to fomially acknowledge the work of the ShARP leam and thank everyone for their comrnitment and efforts to support local people by providing the same high- quality wvice that we are proud of in what has been yet another challenging year.
SHINEY ADVICE & RESOURCE PROJECT THE TRUSTEES, REPORT ONCORPORATING THE DIRECTOR'S REPORT) YEAR ENDED 31 MARCH 2024 Advice Services Report ShARP Contacts April 2023- Mari4 2024 Total 10403 yaLes, 9iQ ',I,I¢G 292 P. 997 The advice service continues to be at the core of ShARP providing free high quality, independent advice on welfare rights, debt and benefit entitlement. The organisation is valued by local people and professionals as a trusted provider of advice which demonstrates we are a valued community resource that people feel able to turn to when in difficulty. The advice SeiCe now comprises of a nurnber of projects nded by several different sources. These include the First Tier Welfare Rights contract (FTWR) commissioned by Sunderland City Council (SCC), Advice on Prescription (AOP) grant fided by Sunderland Clinical Commissioning Group/GP Alliance (SCCG), Shiney Homes Advice Project funded by a community grant from Nationwide Building Society, Washington Individual Support Project (WISP) funded by Reeds Grassroots Fund through the Community Foundation and SCC Washington Area Committee, R U Ready for UC (Universal Credit)? funded by SCC Coalfields Area Collunittee and work for other local providers e.g. Back on The Map. This has enabled ShARP to make a greater contribution to the wider delivery of welfare rights, benefit and debt advice across the city of Sunderland. ShARP supported Sunderland City Council in its efforts to engage with local peoplc through Resident FoTums to establish what help was needed for those people experiencing hardship due to increased fuel and food costs. We then helped the council support people facing povety through development of Wami Spaces in easily accessible neighbourhood venues. ShARP established a Wann Space in our centre providing free hot food and drinks throughout the winter months. We a150 provide outreach Advice services into other Wami Spaces to ensure as many people as possible exercised their rights and took up their full entitlement to benefits and Household Support Fund payments. In January 2024 we were awarded grant ndIng for 12 months from Sunderland City Council to build on the Warni Space offer extending the range of support activities available to r¢sidents through a network of providers across the city delivering a new initiative called Links for Life. ShARP and Pallion Action Group wot* in partnership, with ShARP as Lead Partner to deliver the FiTSt Tier Welfare Rights contract (FTWR) in the Coalfields, Washington Sunderland North and Sunderland West areas of the city. Both charities are recognised and funded by Virgin Money Foundation a5 Community Anchor
SHINEY ADVICE & RESOURCE PROJECT THE TRUSTEES, REPORT (INCORPORATING THE DIRECTORYS REPORT) YEAR ENDED 31 MARCH 2024 organisations and that means that both bring added value by working with those who find it difficult to engage with services ensuring the advice service is visible and accessible bringing additional reach to the delivery of the ontract. This partnership provides a unique opportunity with both organi5ations Providing advice and access to wider support through effective community activities supporting health and wellbeing. The ShARP advice team delivered advice lo a total of 7.941 people in this reporting period thTough FTWR, AOP and WISP. Advice into Wami Spaces and Energy Advice. Household Support fiund 4, Back on the Map and Universal Credii Advice Sessions. In 2023 to 2024 there ha5 been an increase in the complexity of the presenting issues which often require a more detailed "case work" approach to ensure that issues are resolved. We have strong relationships with WEAR Recovery, Sunderland Together 4 Children Early Help Team and the new Family Hubs. Adult Servic¢s. Crisis Mental Health Team, Shelter, Wearside Women in Need, Gentoo and other housing providers so that we can draw on the strengths and skills of each organlsation to help our beneficiaries. FTWR Advice Contacts April 2023 March 2024 Total 5806 1289 1?.30 1043 .liwn 867 335 128 43 25 81 14¢ 24 This year saw energy costs escalate to unprecedented levels meaning that many households were paying more than 10 % of their income for energy which plunged many people into fuel povety, Together with rises in food costs and a general rise in prices across the knard we saw an increase in the number of people experiencing hardship, rising levels of anxiety and periods of crisis for individuals and their families. As an independent provider of high-quality advice service5, we are skilled, imaginative and able to innovate, and we utilised those skills fully as we worked in partnership with other providers to help Sunderland City Council deliver the government's Household Support Fund Providing tsrgeted support to those people hardest hit by the impact of the cost of living crisis.
SHINEY ADVICE & RESOURCE PROJECT THE TRUSTEES, REPORT (INCORPOII4TING THE DIRECTOR'S REPORD YEAR ENDED 31 MARCH 2024 W&8hin n Individual Su wisp The project is funded through Sunderland City Council Washington Area Committee and is now well established as a trusted service supporting those in crisis. The WISP Advice Worker works in partnership with Foodbanks in Washington providing advice to some of the most vulnerable people in the ar¢a who present repeatedly in crisi5 to the foodbank5. Sometimes the uisis is caused because of being homeless, being sanctioned, escalating debt, drug or alcohol dependency or by having to wait for the first UC payment. The WISP Advice Worker has established excellent relationships with key partners including Washington Foodbanks, Gentoo, WEAR Recovery, Weaiside Women in Need, Washington Job Centre. Social Prescribers, Age UK and Northumbria Police so that any additional support needs can be met by the most appropriale agency Once the crisis is dealt with beneficiaries are introduced to other community groups where ihey can develop their interests, meet other people and mak¢ friends. The benefit of this multiagency approach is that we can address complex advice needs in an infornial way and h¢lp to rais¢ ev¢ryone's understanding of the b¢nefits system. The project received a grant from REEDS Grassroots Fund through T¢ & Wear Community Foundation in Sup1 of the work done with vulnerable people in Washington. WISP Presenting Issues April 2023 - March 2024 Total 292 iii 180 i&J 64 Back on The Ma Th¢ excellent partnership between Back on the Map Sunderland and ShARP continues. Back on the Map refer their tenants to ShARP for independent advice. The advice provided is bespoke to the individual and can also identify wider umnet needs which the team at Back on the Map are then able to support through their centre- based and community outreach activities. This year we supported targeted Back on The Map work funded through Independent Age which provided support and advice to older people in Hendon. The approach and shared value base have made this a good example of partnership between two strong community-based organi5ations.
SHINEY ADVICE & RKSOURCE PROJECT THE TRUSTEES, REPORT (INCORPORATING THE DIRECTOR'S REPORT) YEAR ENDED 31 MARCH 2024 Advice on Pr¢scri tion The Advice on Prescription proj¢¢t is a social prescribing projecl and is delivered by two part time Advice on Prescription workers available to patients in each of the 6 GP surgeries in the Coalfields area. The project is grant nded until March 2024 by Sunderland Clini1 Conunissioning Group. Advice on Prescription receives referrdls from GPS, health professionals and social prescribers for patients who have low mood, anxiety or depression where causal factors may include woleS about finances or debt. Advice on Prescription has achieved recognilion both with health professionals and with local people throughout the Coalfields area. The project has achieved all targets and made a significant impact by helpillg people claim their entitlement. The Advice Workers use a casework approach to provide ongoing support to those who need it as this is particularly effective when helping people experiencing anxiety, low mood or depression as it giv¢s continuity of support. AOP Advice Contacts April 2023 - March 2024 Total 997 Oti)ei 139 51
SHINEY ADVICE & RESOURCE PROJECT THE TRUSTEES, REPORT (INCORPOIL4TING THE DIRECTOR'S REPORT) YEAR ENDED 31 MARCH 2024 Community* Enterprise and Volunteering In the previous year we were fortunate to be awarded funding from the Noman Jackson Fund to establish our Back to The World project. This project aimed to develop centre based activities, recruit and support volunteers. We successfully established a dedicated post of Volunteer and Centre Development Worker which meant that we could access additional funding to support beneficiaries. Volunteers are a vital support to the work of ShARP and the nmning of the Shiney Things Charity Shop and the Community Library. We rely on their support to deliver our community events including community consultsiions e.g. Shiney Row Christmas Lights Switch On, Shin¢y MwTas Men's Group, holiday activities and our fundraising events for other charities. The Board is grate1 for the support given to the organisation by our t¢am of committed volunteers. In response to the Cost of Living Crisis Sunderland City Council continu¢d to fund a number of centres to provide a Warni Space for those residents most affected. The ShARP centre provided a Warm Space Monday to Friday 9am-4.30pm offering wannth and food to local people. The ShARP advice team provided dedicated advice provision into other community based wann spaces to ensure that people were able to acce&s supw)rt and advice about benefit entitlement and inforniation on any grants available to them. Ivarm Spaces / Welcome Warm Spaces / Links 4 Life April 2023 - March 2024 Total 2144 21).] 176 181 17 160 149 riupii.L .lariiihr
SHINEY ADVICE & RESOURCE PROJECT THE TRUSTEES, REPORT (INCORPORATING THE DIRECTOR'S REPORT) YEAR ENDED 31 MARCH 2024 Funders and Supporters We would like to thank the following funders who have supported us during this fancIal year. We are supported by a wide range of local and regional organisations including: Funders A Community Trust through Community Foundation Tyne & Wear and Northumberland A Charitable Trnst through Community Foundation Tyne & Wear and Northumberland Anonymous Donor Back on the Map Gentoo (F-mpower) Nationwide Building Society Community Grant NoTman Jackson Fund Northern Gas Networks Community Pathering through Community Foundation Tyne & W¢ar and Northumberland REEDS Grassroots Fund Springboard Sunderland City Council - Coalfields Area Committee Neighbourhood Fund Sunderland City Council- East Area Committee Neighbourhood Fund Sunderland City Council- (First Tier Welfare Rights Contract) Sunderland City Council Public Health Sunderland City Council- Washington Area Committee Neighknurhood Fund Sunderlartd Clinical Commissioning Group SNCB/Collllnunity Opportunities The Ballinger Trust The Henry Smith Charity Virgin Money Foundation Supporters Age UK Bethany Church {Sunderland and Hetton) CHANCE Citizens Advice Bureau Durham Community Foundation FisCUS Friends of Herrington County Park Herrington Banner Group Hetton New Dawn International Communities of Sunderland (ICOS) Pallion A¢tion Group Rainbow Centre Family Hub Sunderland Voluntary Sector Alliance Sunderland Intemational Bangladesh Centre Sunderland MIND Washington MIND We are grat¢ful for the support of our community and those businesses who support us through individual donations. io-
SHIIYEY ADVICE & RESOURCE PROJECT THE TRUSTEES, REPORT (INCORPORATING THE DIRECTOR'S REPORT) YEAR ENDED 31 MARCH 2024 Financial Review ShARP uses the Sage50 system which enables accurate and timely controls of finance5. Th¢ Treasurer provides scrutiny to ensure that appropriate financial controls are in place, Chairs the Finance Sub Committee and ensures Board relveS regular fance reports to support strategic decision making. The Charity Shop Shiney Things is run by volunteers and generates unrestricted income which supports the work of ShARP. Based on monies received and spent in the year ShARP h&s a deficit of £49.858 which has been funded by reserves brought forwaTd . This is due in part to the requirement to record income in the year it is received Tather than the year to which it relates. Towards the end of the 2023r24 fll)ancial year various funds were awarded and became due to the charity before 3 l¥t March 2024 in respect of fllre projects but were required to be accounted for as at 31 March 2024. Reserves Policy The Balance Sheet shows that there are restricted funds of £94,958 and unrestricted funds of £352,092 of which £292,072 is designated leaving general funds of £60.020. The Trustees seek to build up unrestrictcd funds as reserves to cover 6 months running costs in line with recommendations from the Charities Commission. Plans for the Future 20242025 Our core WOTk has always been welfare rights advice. However, our success as an organisation stems from the use of community development principles and practice, flexibility and our ability to build relationships with the community. partners and fjjnders. We will continue to ensure that these principles underpin our future development. We will seek opportunities to work collaboratively with other organisations and strengthen existing partnerships. We will d¢liver growth for the organisation through achieving the targets in the Business Plan. We will work with communities to widen our reach and seek to opportunities to establish the ShARP model in other areas. Sustainability of the organisation is a key priority for the Board and we are working proactively and plam]ing for the future. Succession in ternis of staffing and Board membership is important to the longer temi sustainability of the organisation and we will review and strengthen our approach to recruitment, selection and Tetention of staff and Trustees. We will review and strengthen governance so that the organisation remains able to meet the charity objects to benefit the community. The Board will take up training opportunities and new Trustees will receive induction and training to SUPPOrt them in their role. We will inform decision nlakers on local need. We will develop and deliver services in response to emerging need and local priorities as identified in future Community Consultations. We know that the C05t of Living Crisis continues to impact on local people despite the government's Household Support Fund and Cost of Living Payments made this year to SUPPOrt benefit claimants. We expect that there will be limited funding available in the next year, particularly, to support the core costs of the charity. This will be a challenge for u5 at a time when additional rcsources will be needed to help people adjust to and manage whatever circumstances they find themselves in as we go through this next period so we will continue to WO with partners whenever w¢ can to m&e th¢ b¢st us¢ of limited resources. We know that many local people are already digitslly exclllded and this is likely to get worse as more services including health move online. There 15 a real risk that those people left behind face increased levels of poverty if they are unable to adapt and navigate their way through the rapidly developing move to a digita] world. We will focus attention on working to mitigate the impact of that in our developing Digital Hub. In line with our values local people will be encouraged to increase self-delenDination and develop the necessary skills to apply for and manage benefTts online. This focus on increasing self-help is in line with ShARP'5 aims and objectives and will li
SHINEY ADVICE & RESOURCE PROJECT THE TRUSTEES, REPORT (INCORPORATING THE DIRECTOR'S REPORT) YEAR ENDED 31 MARCH 2024 become necessary as Universal Credit is further embedded and other changes to benefits occur. We will work with other organisations to ty new approaches to support local people as needed. We will continu¢ work to update our website and social media to modern standards so that it is accessible on all devices and easy to navigate. We will also continue to re5wnd to local residents to meet their needs in a holistic way and develop opportllnities for them to meet infoTmally and enjoy a range of activities in the centre, for example the community library. comtnunity activities and volunteering opportunities. At this p)int. ShARP is in a strong FK)Sition to face the future. We will maintain our proactive pursuit of relevant funding sources and explore any opportunities for entery)rise development and further partnerships to secure longer tern) sustainability for th¢ organisation. Statement of the Trustees Responsibilities Company Law requires the trustees to prepare fmancial statements for each financial year, which give a ffiie and fair view of the state of the affairs of the charitable company and of the sUlUS or deficit of the charitable company for that period. In preparing these financial statements, the Board is requlred to: select suitable accounting policies and then apply them consistently. make judgements and estimates that are reasonable and prndent. follow the recommendations of the Charity Commission and of the accounting profession with regard to the forni and content of the fmancial statements and to disclose and explain any departures therefrom. and prepare the financial statements on the going concern basis unless it is inappropriate to Presume that the charitable company will continue in busines5. The Board is responsible lor keeping proper accounting record& which disclose with reasonable accuracy at any time the fmancial position of the charitable company and to enable them to ensure that the financial statements cornply with the Companies Act 2006. They are also responsible for safeguaTding the assets of the charilable cornpany and hence for faking reasonable steps for the prevention and detrction of fraud and other irregularities. Risk Assessment The tDJstees have considered any risks to which the chalitable company might be exposed and are satisfied that the administrative, investment and fmancia] procedures which are in place minimise the risk of any loss to the charitable company. Exemption Statement These flnancial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating t4) small companies. Signed on behalf of the Trustees Christine Parkin t>ate. ILI ill + 12-
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SHINEY ADVICE & RESOURCE PROJECT I report on the fmancial statements for the year ended 31 March 2024, which comprise the statement of fancIal activities (including income and expenditure account), 5tateTn¢nt of financial position, and the related notes. Respective responsibilitles of tru5te¢s and examiner The tnteeS (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the financial statements. The trustees consider that an audit is not required for this year under section 144 of the Chariti¢s Act 2011 (the Charities Act) and that an independent examination is needed. Having satisfied myself that the charity is not subject to audit under wtnpany law and is eligible for independent examination, it is my responsibility to: examine the accounts under section 145 of the Charities Act. to follow the procedures laid down in the genernl Directions given by the Charity Commission under section 145(5)(b) of the Charities Act. and to slate whether particular matters have come to my attention. Basis of independent examiner's report My examination was CWTied 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 record5. 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 consequently no opinion is given as to whether the accounts present a nie and fair, view and the report is limited to those matters set out in the statement below. Independent examiner's statetnent In connection with my examination. no matter has corne to my attention to indicate that.. accounting records have not been kept in accordance with section 386 of the Companies Act 2006. thc accounts do not accord with such records where accounts are prepared on an accruals basis, whether they fail to comply with relevant accounting requirements under section 396 of the Companies Act 2006, or are not con51Stent with the Charilies SORP (FRS102) any matter which the exarnin¢r b¢lieves should be drdwn to the attention of the reader to gain a Proper understanding of the accounts. Alison Henshaw FCCA Torgersens Chartered Accountants East Suite, Ground Floor Avalon House St Catherines Court Sunderland SR5 3XJ Date., ILlii1%3f 13-
SHINEY ADVICE & RESOURCE PROJECT STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 MARCH 2024 Unrestrieled Funds Restricted Funds Total 2024 Total 2023 Note INCOME AND EXPENDITURE ACCOUNT Ineoming resourees Donations and legacies 2,735 2,735 5,332 Charitable activities 145,500 293,567 439,067 186.129 Other trading activities Total incoming resources 12,958 12,958 10,174 161,193 293,567 454,760 201,635 Resources expended Charitable activities 125,090 373,594 498,684 401,868 Other expenditure 10 5,934 5,934 5,406 Total resourees expended 131,024 373,594 $04,618 407,274 Net incomingl(outgoing) resources 30,169 (80,027) (49,858) (205,639) Tr2nsfers between Fund5 13,098 (13,098) Net movement in funds 43,267 (93,125) (49,858) (205,639) Total funds brought forward Total funds carried forward 308,825 188,083 496,908 702,547 352,092 94,958 447,050 496,908 The statement of fmancial activities includes all gains and losses recognised in the year. All incom¢ and ¢xp¢ndituT¢ d¢Tive from continuing activities. The notes on pages 16 to 26 form part of these unaudited financial statements. 14-
SHINEY ADVICE & RESOURCE PROJECT STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2024 Note 2024 2023 Fixed Assets Tangible fixed assets Current Assets Debtors Cash at bank Cash in hand 12 292,072 299,101 13 69,485 142,891 1,042 13,390 241,858 438 213,418 255,686 Creditors: amounts falling due within one year 14 58,440 (57,879) 197.807 Net Current AtS 154,978 Net A55cts 447,050 496.908 Fllnds of the Charity Designated reserves Unrestricted funds - general Restrided funds 17 17 18 292.072 60,020 94,958 299,101 9,724 188,083 Total Fund5 447,050 496,908 The members of the committee are satisfied that the charitable company is entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the audit of the fmancial statements for the year by virtue of section 477, and that no member or members have requested an audit pursuant to section 476 of the Act. The trustees acknowledge their responsibilities for: (i) ensuring that the charitable company keeps proper accounting records which comply with section 386 of the Act. and (li) preparing fjnancial statements which give a true and fair view of the state of affairs of the charitable company as at the end of the fmancial year and of its incoming resources and application of resources, including its sUlUS or deficit for the fmancial year in accordance with the requirements of section 394 and 395, and whith otherwise comply with the requirements of the Act relating to financial staternents, so far as applicable to the charitable company. These unaudited financial statements have been prepared tn aordance with the special provisions for small companies under Part 15 of the Companies Act 2006 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Jreland.. These unaudited financial statements were approved by the trustees on behalf by: and arc signed on their tOD Leeks OBE Trnstee Company number 04769232 The notes on pages 16 to 28 form parl ol these unaudited financial slat¢m¢nts. 15-
SHINEY ADVICE & RESOURCE PROJECT NOTES TO THE FINANCIAL STATEMENTS 31 MARCH 2024 General Information The company is a private company limited by guarantee. registered in England and Wales, as well as being a Tegistered Charity. The address of the registered office is 17 Beatrice Tence, Shiney Row, Houghton- le-spring, Tyne & Wear DH4 4QW. Statement of Compliance The fmancial statements have been prepared in compliance with the provisions of FRS 102 'The Financial R¢porting Standard applicabl¢ in the UK and the Republic of Ireland,. Aceounting Polieies Basis ofAeeounllng These financial statements have been Prepared under the historical cost convention and in accordance with= the Statement of Recommended Practice. "Accounting and Reporting by Charities . Statement of Recommended Practice applicable to charilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of ]reland (FRS 102)" the special provision5 of Part 15 of the Companies Act 2006 ("the 2006 Act") relating to small ompanies- and FRS 102 'The Financial Reportlng Standard applicable in the UK and the Republic of Ireland,. The financial statements are presented in sterling (£), which is the functional currency of the company. Monetary amounts in these fmancial statements are rounded to the nearest £. Tangible FLredAssets All fixed assets ar¢ included at cost. Depreeiotlon Depreciation is calculated lo write down the cost, less estimated residual value of all tangible fed assets over their expected usefijl lives. The rate5 generally applicable are: Freehold Properties & Improvements Fixtures, Fittings & Equipment Propety Refurbishment 100/0 - 33.30/0 reducing balance 6.670/0 straight line Recognlllon oflncoming Resourc These are included in the Statement of Financial Activities (SOFA) when: the charitable company becomes entitled to the resources. the trustees are virtually certain they will receive the resources. and the rnonetary value can be me&sured with sufficient reliability. Income is deferred only when the charilable company has to fulfil conditions before becorning entitled to it or when the donor specifies that it is to be expended in a futUTe period. InveS1nnt Ifteon Bank interest is included in the Statement of Financial Activities on the accruals basis. DonalioAS, Legacles and Charitable Income This income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when receivable. Grants receivable are credited to income immediately. 16-
SHINEY ADVICE & RESOURCE PROJECT NOTES TO THE FINANCIAL STATEMENTS 31 MARCH 2024 Actounting Polieies (eontinued) Going Concern There are no material uncertainties regarding the charity's ability to continue as a going concern. Financial Ins¢ruments Financial instruments are classified and accounted for, according to thc substance of the contractual arrangement. as either fanCIal assets, fmancial liabilities or equity instNments. An equty instrument is any contract that evidence5 a r&%idual interest in the &ssets of the company after deducting all of its liabilities. Defmed Contribulion Plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contnl)utions are Tecognised as an asset to the extent that the prepayment will lead to a reduction in fure 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 seryice, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a fll)artce cost in profit or loss in the period in which it ar15¢S. Eypendilure All expenditure is included on an accruals basis and is recognised when there is a legal or constrnctive obligation to pay for eXpendIre. All ci)sts have been directly attributed to one of the functional categories of resources expended in the Statement of Financial Activities. Torallon Due to the ¢ompany's charitsble operations no corporation tax is payabl¢ on the results for the year. Funds Accounling Funds held by the charitable company are used for: Genernl fund comprises those funds which the principals are free to use in accordance with the charitable objectives. Restricted funds are funds which are to be used for specific purposes as laid down by the donor or by the specific ternis of the appeal under which the funds are raised. Expenditure which meets these criteria is charged to the fund. with a fair allocation of management and support costs. Designated funds are ullrestried funds eannarked by the management committee fr>r a particular purpose. The capital fund reflects the net book value of tangible fixed assets owned by the charitable company less any monies owed in respect of the assets. Donations and legrdcies unrtricted Funds Restricted Funds Total 2024 Total 2023 Donations: 2,735 2,735 5,332 2,735 2,735 5,332 Income from donations and legacies in 2023 was made up of unrestrithed funds of £5,332 and restricted funds of £nil. 17-
SHINEY ADVICE & RESOURCE PROJECT NOTES TO THE FINANCIAL STATEMENTS 31 MARCH 2024 Charitable aetivlties Unrestricted Funds Restricted Funds Totsl 2024 Total 2023 Granls & Contraetors Services: FTWR Contract - City of Sunderland Community Foundation Community Foundation - Reeds Grassroots Fund Community Opportunities - CRF Virgin Money- Community Anchor8 Fund Sunderland City Council - West Advice Project - Warni Spaces - Advice in Warni Spaces - Come On In - Making Money Work - WISP - Links for Life Digital Hub Nationwide Foundation Empower Springboard - R U Ready UC Client EmergeT]cy Funding Henry Smith Community Foundation COVID-19 Champions Project Back On The Map Northern Gas NetWOTk5 - Community Foundation Power to Change - Virgin Money Foundation Household Support Fund - Admin The Ballinger Charitsble Trust Springwell Village Community Association Community Foundation - Mackem Money Participatory Grant Other grants 183,655 183,655 86,002 9,0(X) 5,000 5,000 33,000 33,000 20,000 20,000 20,000 15,000 20,000 6,000 17,933 15,169 4,923 6,680 7,500 17,933 15,169 4,923 6,680 7,500 15,007 3,0(K) 5,751 5,751 620 60,000 60,000 1,500 9,000 9,000 8,416 8,416 8,000 8,000 17,500 15,000 17,500 15,000 2,000 2,OIM 4,540 4J40 20,0(KI 20,(0 145,500 293,567 439,067 186,129 Income from charitable activities in 2023 wa5 made up of unrestrirt¢d funds of £29,000 and restricted funds of £157,129. 18-
SHtNEY ADVICE & RESOURCE PROJECT NOTES TO THE FINANCIAL STATEMENTS 31 MARCH 2024 Other trading activities Unrestrieted Funds Restricted Funds Total 2024 Total 2023 Room hire and use of facilities Miscellaneous income Library Shop Interest received 4,470 2,061 241 5,892 294 4,470 2,061 241 5.892 294 1,670 1,633 230 6,535 106 12,9S8 12,958 10,174 Income from other trading activities in 2023 was made up of unrestricted fid5 of £9,525 and restricted fijnds of £649. Other activities During the year ShARP were approached by Sunderland City Council to assist the Council with the adminislration and distribution of the Household Support Fund. ShARP was contracted to undertake the athninistration of application5 and to distribute funds to vunerdble residents, which was provided in the forni of supern]arket vouchers. Monies were awarded based on the Council's criteria using the Council, shared real time webased applicationlaward monitor. The monies received in respect of the Household Support Fund amounted to £137,500, all of which was fully distributed to eligible applicants at 3 1st March 2024. As ShARP was administrating these funds on behalf of the Council, the respective income and expenditure is not reflected in these accounts. ShARP was paid a fixed fee by the Council of £17,500 for delivering the contract requirements. This income has been included in Unrestricted Charitable Activities. The contact life Cycle was 18th September 2023 to 31" March 2024. There were no amounts payable or receivable at the year end. Charitable aetivfities Unrestrieted Funds Restricted Funds Total 2024 Total 2023 Bank and visa charges Insurance Printing, postage and stationery Telephone Bates Heat. light and water Repairs and renewals Miscellaneous expenses Depreciation Advertising SubscriptÈon5 Wages, national insurance and pension Staff and volunteeT expenses Legal and professional Computer software Meeting Project costs 278 3,271 3,510 2,821 438 15,184 9,967 3,268 J4,519 1,790 1.073 44041 211 12,155 11,979 119 466 278 3271 3,510 5,218 438 1&184 9,907 3,351 14,519 1,790 2,053 295,070 269 12,155 11,979 119 119,513 269 3,081 3.278 5.355 842 12,874 4,255 3.409 12,783 74 2,063 230,734 435 5,952 9,093 267 107,104 2,397 83 980 251,029 58 119,047 125,090 373,594 498,684 401,868 Expenditure on charitable activities in 2023 was made up of £74,337 unrestricted and £327,531 restricted funds. 19-
SHINEY ADVICE & RESOURCE PROJECT NOTES TO THE FINAIYCIAL STATEMENTS 31 MARCH 2024 Staff costs 2024 2023 Gros5 wages, salaries and benefits in kind Employers national insurance cost Ernployers pension contrlbutions SMP recovered 277.492 18.940 4,798 (6,160) 217.431 12.123 3,457 (2,277) 295,070 230,734 Staff costs in 2023 were made up of £14,387 unrestricted and £216,347 restricted fun(Ls. 2024 12 2023 The average number of employees in the year No employee received more than £60,000 during the year (2023: none). The trustees received no remuneration during the year {2023: £nil). No other costs were reimbursed to lrnstees. (2023.. £nil). Key Management Personnel Key management persoT]nel comprises of one employee that has authority and spOnsIbl11ty for planning> direcling and controlling the activities of the charity. The total compensation cost in respect of key management personnel for services provided to the charity was £52,784 (2023: £47,714). 10. Other expenditure Unrestrieled Unrestricted 2024 2023 Independent examination 5,934 5,406 Other services pmvided by the Independent Examiner which are included within Legal & Professional fees are. Payroll £864 (2023: £798), PI ID preparation £nil (2023: £114), Confuination statement Preparation £60 (2023.. £30) 11. Corporation tax The charitable company is exempt from taxation under Section 505 of the Income and Corporation Taxes Act 1988. -20-
SHINEY ADVICE & RESOURCE PROJECT NOTES TO THE FINANCIAL STATEMENTS 31 MARCH 2024 12. Tangible fixed assets Fixture5, Fittings Freehold And property Equipment Property Improvement Total Cost or valuation At l April 2023 Additions Disposals At 31 March 2024 42,647 375,466 53,992 7,490 (26,730) 472,105 7,490 (28,268) (1,538) 41,109 375,466 34,752 451,327 Deprecialfion At l April 2023 Charge for year Disposals 17,095 3,314 (1,538) 111,366 7,650 44,543 3,555 {26,730) 173,004 14,519 (28,268) At 31 March 2024 18,871 119,016 21 J68 159255 Iyet book value At 31 March 2024 22,238 256,450 13J84 292,072 At 31 March 2023 25,552 264,IIM 9,449 299,101 13. Debtors 2024 2023 Other debtors Prepayments and accrned income 65.009 4.476 8.457 4.933 69.485 13.390 14. Creditors: amounts falling due within one year 2024 2023 Other creditors AccruaIs Trade creditors Other taxes and social security costs 1.660 27,431 23,524 5,825 943 22,213 30,502 4,221 58,440 57,879 -21-
SHINEY ADVICE & RESOURCE PROJECT NOTES TO THE FINANCIAL STATEMENTS 31 MARCH 2024 15. Related Party Transaetions Transactions with related parties ar¢ required to be disclosed under FRS 102. During the year there were no related party transactions. (2023 £DiI) 16. Analysis of net assels between funds Restricted Reserves General Reserves Desigttaled Reserves Total Funds Tangible red assets Current assets Current liabilities 292,072 292,072 213,418 (58,440) 133378 (38,620) 79,840 (19,820) 94,958 60,020 292,072 447,050 An8lysi5 of nel assets between funds- previous year Restrieted Reserves General Designated Reserves Reserves Total Funds Tangible fixed &ssets Current assets Current liabilities 299,101 299,101 255,686 (57,879) 188,083 67,603 (57079) 188,083 9,724 299,101 496,908 -22-
SHINEY ADVICE & RESOURCE PROJECT IYOTES TO THE FINANCIAL STATEMENTS 31 MARCH 2024 17. Unrestrlcted reserves Transfers betjveen funds Balance Ineoming @ 01.04.23 Resources Resources expended Balance @ 31.03.24 Designated reserve Capital fund 299,101 (14A19) 7,490 292,072 Unrestricted funds General funds 9,724 161,193 (116505) 5,608 60,020 Total unrestricted llds 308025 161,193 (131,024) 13,098 352,092 Unrestricted reserves - movement in previous year Transfers between funds Balanee Ineoming @ 01.04.22 Resources Resourees expended Balance @ 31.03.23 Designated reserve Capital fund 31N),287 (12,783) 11,597 299,101 Unrestricted funds General funds 35,389 43,857 (66,960) (2,562) (79,743) 9,035 9,724 Total unrestricted funds 335,676 43,857 308,825 The designated reserve represents the net book value of capital items. General funds are funds available for the charitable company to use for the purposes of the charitable company without restriction. -23-
SHINEY ADVICE & RESOURCE PROJECT NOTES TO THE FINANCIAL STATEMENTS 31 MARCH 2024 18. Restricted funds Transfers between funds Balanee Incoming @ 01.IM23 Resources Resources expended Balance @ 31.03.24 FfwR Contract- City of Sunderland Back on the Map WISP- SCC Washington Area Committee Community Hub Advice on Prescription - Sunderland CCG Springboard - R U Ready UC Co-op Community Fund- Towards Marras group Volunteer Project (Back in the World) rwR Contract Variation - SCC West Nationwide Foundation Haswell Family Wam Spaces Advice - Sunderland CC Northern Gas Networks - Community Foundation Power to Chang¢ - Virgin Money Foundation Links for Life - Sunderland CC Springwell Village Community Association Community Foundation- Mackem Money Participatory Grant Household Support Fund Youth Matters- Sunderland CC Washington Area Committee Digital Hub- Sunderland CC Total restricted funds 29,577 8229 183,655 9,000 (179245) (5,638) 33.987 11,591 11589 15,169 {15,162) (817) 12.596 817 49,686 (40287) (5,751) 9J99 5,751 3,177 (578) 2J99 22,473 {21J50) 1,123 4,51M 3&890 3,032 20,000 7,S(M) (20,004) (41302) 4,496 5,188 3,032 15,930 {15,930) 8,416 (793) 7,623 8,000 4,923 (8,000) 570 (5,493) 2.000 (2,150) 150 4,540 (1,216) (45) 3J24 45 17,933 6,680 (17,933) {6,680) 188,083 293367 (373,594) {13,098) 94,958 -24-
SHINEY ADVICE & RESOURCE PROJECT NOTKS TO THE FINANCIAL STATEMENTS 31 MARCH 2024 18. Restricted funds - movement in previous year Transfers between funds Balance Incoming @ 01.04.22 ResOu¢S Resources expended Balance @ 31.03.23 FWTR Contract - City of Sunderland Back on the Map SP - SCC W&shington Area Committee Washington COVID-19 Mentsl Health Support Advice on Prescription - Sunderland CCG Sunderland City Council & Springboard - R U Ready UC COV1D-19 Champions Project Co-op Community Fund- Toward8 Marr&s group Volunteer Project (Back in the World) FTWR Contract Variation - SCC West Nationwide Foundation Haswell Family Roof Repairs Wami Spaces Advice - Sunderland CC Empower Sunderland City Council- Come on In 144,125 8,988 8A622 (201,170) {759) 29,577 8,229 7,839 20,007 (15,257) 12,589 SJ32 (5,332) 100,084 (50,398) 49,686 3,648 3,765 (3,648) (5,265) 1,500 3008 649 (1,280) 3,177 30.049 (7,576) 22,473 6,166 50,01)0 3.032 35 20,000 (21,666) (11,1 io) 4,500 38,890 3,032 (35) 20,000 3,000 (4,070) 15,930 (3,000) 6,000 (6,000) Total restricted funds 366071 157,778 (327,531) (9,035) 188,083 -25-
SHINEY ADVICE & RESOURCE PROJECT NOTES TO THE FINANCIAL STATEMENTS 31 MARCH 2024 18. Restricted reserves- conlinmed FTWR contract with City of Sunderland provided funding for small community projects. Back on the Map have provided funds to help deliver Welfare Benefits and Debt Advice to clients of the charity. Sunderlalld City Council provided fimding for delivery of the Washington Individual Support Project (WISP) to deliver advice services to engage and support people presenting to other agencies in acute crisis. Washington COVID-19 Mental Health and Wellbeing Support offer&1 fimding to promote the wellbeing of residents in the Washington are4 particularly those who are tnost vulnerable during the pandemic. and tackling mental health problems by delivering focused programmes which provide a range of services. Sunderland CCG provided funds to the Advice on Presaiption project which offers free and confidential advice to patients of six GP surgeries in the area. The transfer represents the capital additions purchased for this project. Comic Reli¢f also provided funding towards Advice on Prescription in the prior year. Sunderland City Council Coalfield Area Committee provided funding to work in partnership with Springboard to deliver R U Ready UC to provide advice on welfare rights and benefits specifically Universal Credit. This includes developing IT skills, CV preparation and training in preparation for employment or further training. Community Hub and Room Hire (Virtual School) represents rental income received specifjcally for the Virtual and Link schools. Covid 19 Champions In response to the high levels of support needs some residents had following COVID Sunderland City Council funded a number of time limited projects across the city to provide targeted support. In order to maximise the resource in Washington ShARP joined a parthership with SNCBCICommunity Opportunities (Lead Partner), waShinOn Mind and the Millennium Centre. Co-op Community Fund represents a grant that has contributed to funding the activities of the weekty Shiney Maffas men's group. Warni Spaces Advice - Funds towords an advice worker to support residents using warni spaces in the city. Back in the World - From the start of COVID-19 lockdowns and restrirtions starting in March 2020 ShARP conlinued to deliver its advice services and attempted to maintain contact with vulnerable members of the community via doorstep visits. However, our support was limited by COVtD restrictions on meeting people. reCLIent of new volunteers, difficulties that many members of the community experience in accessing digital services and more recently anxiety and wor mental health following lengthy periimls of isolatioll. Prior to COVID we had 25 volunteers but this has reduced to 5, these remaining volunteers workillg predominantly inside the charity shop. It has become much more difficult to recruit volunteers OT expand volunteer opportunities especially in community development activities due to anxiety about COVID infection. With grant funding from The Nornian Jackson Fund we propose to overcome this by implementing a new project 'Back to the World, which will focus on creating new cornmunity development activities supported by volunteers who will be able to access support and training opportunities leading to paid work andlor fvrther training. We will expand our pool of volunteers by providing a clear volunteer pathway into employment andlor training. The focus of the volunteering will include community development activty to encourage isolated members of the community to take part in group activities in addition to supporting our existing community library and charity shop. A key aspect of this work will involve the recruitment of a volunteer support worker to oversee the recTUitmenL training and placement of all volunteers. 26-
SHINEY ADVICE & RESOURCE PROJECT NOTES TO THE FINANCIAL STATEMENTS 31 MARCH 2024 18. Restricted reseryes - continued West Advice Project - The Sunderland West Area Committee decided to fund a new project to meet the needs of residents who were impacted by COVID-19 either through health issues, losing employment. having to claim benefits for the first time etc. The project provided access to a specialist Advic¢ Wotl(er and additional advice capacity to help with employment advice, complex welfare rights and benefits issues and support with challenging decisions made by DWP. This proJt is managed by ShARP as part of the partnership with Pallion Action Group. Nationwide Foundation - Shiney Homes Advice Project (SHAP) - This is a new project for ShARP funded for 2 years (April 2022 - March 2024) by a donation from Nationwide Building Society through Charities Trust. SHAP will addre55 an incTeasing need seen in the local area over the last 2 years for help with housing related issues. The project will provide a dedicated qualified Advice Worker to support local people by helping them to avoid losing their home through eviction, helping them into a home and supporting them lo thrive within their homes. The Advice Worker will provide housing related and debt advice, based alongside the core advice team and receive housing related referrals from them and external partner5 including local GPS, Social Prescribers. Sunderland City Council, Wearside Women in Need. Jobcentre Plus, schools and foodbanks. Shiney Homes Advice Project will use a casework approach to deliver a personalised advice service to vu]nerable people at risk of homelessness, in arrears with rent and will link with SCC Accredited Landlord Scheme, Acc¢&5 to Housingy Gentoo and Shelter to ensure people have the best chance of having a place fit to call home. The Haswell Family donated fimds to be used for something Spla1 in Memory of Barbara Haswell. Small donations were received in the previous year towards the roof repairs. Sunderland City Council Welcorne - Come on In Project provided funds which were used to purchase a new door at ShARP Empower Local Community Fund awarded a grant to cover costs relating to the purchase of the new front door at ShARP Northern Gas Networks Community Foundation - The grant h&s been used to provide a dedicated Energy Advice Worker until October 2024 Power to Change - the purpose of the grant was to cover costs employee leave costs while staff were on a tizining programme to develop their le&dership and deepen the positive impact ShARP has in the community. Links for Life ShARP will work collaboratively with residents and partner organisations to provide a wide range of new activities to local people particularly those who are most vunerable, may be socially isolated, excluded and impacted by the cost of living crlsis. Springwell Village Community Association were awarded funding from the government through the National Lottery to fund community SUPPOrt for local people experiencing hardship through Cost of Living crisis. ShARP provided 2 Advice Drop In sessions in Springwell Community Association for the period of the granL Community Foundation - Mackem Money Participatory Grant- To fund project costs for our men's group, The Shiney Marra's. Mackem Money will provide funding for activities and outings in 2024 which will allow them to plan their sessions across the year. Youth Matters- Making Money Work- Fun with Finance - To deliver a fmancial inclusion and education project for young people, targeting education and courses with regards to money management. budgeting and debt management. -27-
SHINEY ADVICE & RESOURCE PROJECT IYOTES TO THE FINANCIAL STATEMENTS 31 MARCH 2024 l& Restrieted reserves - conlinued Digital Hub To create a Community Digital Healih Hub to provide users with additional resource5 relating to health, education, employment, financial etc. 19. Company Limited by Guarantee The charitable company is limited by guarantee in that every member undertakes to CODtribute such amounts as may be required in the event of the charitable company being wound-up, for the payments of the debts, liabilities and the cost of winding up not exceeding £1 per member. -28-