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← Shiney Advice And Resource Project

2025-03-31-accounts

SHINEY ADVICE & RESOURCE PROJECT

A company limited by guarantee

REPORT AND FINANCIAL STATEMENTS For the year ended 31 Mar 2025

Charity number 1065786 Company number 04769232

SHINEY ADVICE & RESOURCE PROJECT (A company limited by guarantee)

TRUSTEES ANNUAL REPORT For the year ended 31 March 2025

The Trustees present this report together with the financial statements of the charitable company for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out on pages 16 to 30 and comply with the current statutory requirements, the requirements of the charitable company’s governing document, the current Statement of Recommended Practice and the Companies Act 2006.

Reference and Administration Details

Registered Numbers Charity Number 1065786 Company Number 04769232 Trustees Christine Parkin - Chair Tia Patterson – Vice Chair Clinton Leeks OBE – Secretary Kathleen Levey - Treasurer Lisa Watson John Dannell Anne Lawson Act respectively. Company Secretary Clinton Leeks OBE – Secretary Registered Office 17 Beatrice Terrace Shiney Row Houghton le Spring Tyne & Wear DH4 4QW Principal staff member Sylvia Copley – Chief Officer Independent Examiner Nicholas J Liley BK Plus Limited Chartered Certified Accountants 13 Windsor Terrace Jesmond Newcastle upon Tyne NE2 4HE Bankers Unity Trust Bank plc Nine Brindleyplace Birmingham B1 2HB

The above are Directors and Trustees for the purposes of the Companies Act and Charities Act respectively.

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SHINEY ADVICE & RESOURCE PROJECT (A company limited by guarantee)

TRUSTEES ANNUAL REPORT For the year ended 31 March 2025

Bankers Monmouthshire Building Society Monmouthshire House John Frost Square Newport South Wales NP20 1PX Hedley & Co Solicitors 20 Fawcett Street Sunderland SR1 1RZ

Structure, Governance and Management

Shiney Advice & Resource Project (ShARP) was established September 1981 under Memorandum and Articles of Association which set out the aims, objectives and governance of the organisation. ShARP was registered as a charity and incorporated as a company limited by guarantee on 19 May 2003.

ShARP has a Board 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 and/or confirmed at the Annual General Meeting (AGM). Board members serve for a 3-year term. They are eligible for re-election at the end of their 3-year term and there will be no more than 15 and no less than 5 members at any one time.

The Board will invite co-options between AGMs from individual members whose experience or interests are relevant to the furthering of ShARP’s objectives. Appointment of co-options 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.

ShARP 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;

Organisational Structure

The Board meets bi- monthly and is responsible for the strategic direction and policy of the organisation. The Chief Officer is responsible for all aspects of operational management with support from the Chair and nominated board members, including the Treasurer.

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SHINEY ADVICE & RESOURCE PROJECT (A company limited by guarantee)

TRUSTEES ANNUAL REPORT For the year ended 31 March 2025

The Finance Sub Committee meets monthly and provides scrutiny to financial systems, monitors income and expenditure against budgets.

Pay Policy for Senior Staff

Trustees set the pay for the Chief Officer and other senior staff by comparing against equivalent roles within the voluntary sector. Inflationary pay awards are periodically approved.

Objects

The object of ShARP is the promotion of any charitable purpose for the benefit of the community living in Houghton-le-Spring and surrounding areas. These objects must be pursued with due regard to equality of opportunity and without discrimination on the grounds of age, disability, gender reassignment, marriage and civil partnership, pregnancy and maternity, race, religion or belief, sex, and sexual orientation.

In furtherance of its objects but not otherwise, the company has the following powers:

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 benefit, and due regard is paid to the guidance on public benefit when deciding on what new projects the charity should undertake.

Achievements and Performance

ShARP is a membership organisation. We are a busy community anchor and in 2024 - 2025 11378 people used advice services and centre-based activities. Our core business is the delivery of free, independent welfare rights, benefits and debt advice services to assist people in understanding their rights and claiming their entitlement. We continually review and refresh our services in response to national government policy, to address local priorities as identified through community consultation and to meet the needs of the community. In 2024 – 2025 we have focussed on ensuring the sustainability of the organisation. This has been achieved by-

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SHINEY ADVICE & RESOURCE PROJECT (A company limited by guarantee)

TRUSTEES ANNUAL REPORT For the year ended 31 March 2025

The core business of the charity is the development of the community through the provision of advice and the Board of Directors maintained that priority in all the areas of new work developed in 2024 – 2025. The development of new projects this year was made possible by the responsiveness and generosity of funders as well as the strengthening of our partnership working arrangements with other voluntary sector organisations.

The funding for 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 recognised that challenge and stepped forward to support our work.

The Board of Directors would like to thank all funders for their continued trust and support in what has been another challenging year as we sought new and innovative ways to support local people caught up in the Cost of Living crisis. This year:

Steps put in place last year to improve management of our financial systems has continued to help us manage the complexity of our funding sources and monitoring requirements.

We reviewed and refreshed the ShARP business plan and strategy to identify potential for growth and consolidation of all areas of the charities work.

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SHINEY ADVICE & RESOURCE PROJECT (A company limited by guarantee)

TRUSTEES ANNUAL REPORT For the year ended 31 March 2025

The Board of Directors also would like to take this opportunity to formally acknowledge the work of the ShARP team and thank everyone for their commitment and efforts to support local people by providing the same high-quality service that we are proud of in what has been yet another challenging year.

Advice Services Report

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 service now comprises of a number of projects funded by several different sources. These include the First Tier Welfare Rights contract (FTWR) commissioned by Sunderland City Council (SCC), Advice on Prescription (AoP) grant funded by Sunderland City Council Coalfield Area Committee, 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 Committee, ShARP Centre for Warmth funded through Northern Gas Networks to provide a dedicated resource for energy advice, 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.

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SHINEY ADVICE & RESOURCE PROJECT (A company limited by guarantee)

TRUSTEES ANNUAL REPORT For the year ended 31 March 2025

Building on our work with SCC in the Links for Life programme we established an Advice Drop In for 12 hours each week which gave people experiencing hardship immediate access to advice as well as links to other support in our centre and through Links for Life partner organisations.

ShARP and Pallion Action Group (PAG) work in partnership, with ShARP as Lead Partner to deliver the First 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 as Community Anchors. Both bring significant added value to delivery of the contract by working with those who find it difficult to engage with services ensuring the advice service is visible and accessible, increasing reach and providing support for people who need to access specialised services for Mental Health, drug and/or alcohol dependency etc. This partnership provides a unique opportunity to use limited resources effectively to offer high quality, seamless, comprehensive services in 4 areas of the city with both organisations providing advice and community based access to wider support through innovative approaches and community activities which support general health and wellbeing.

The ShARP advice team delivered advice to a total of 8,978 people in this reporting period through FTWR, AoP, WISP, Centre for Warmth, Household Support Fund Round 5, Household Support Fund Round 6, Back on the Map, Universal Credit Advice Sessions and our Youth Matters financial education project delivered in partnership with Oxclose District Young People’s Project. This is an increase of 1,037 people on the last year demonstrating the growing need for advice services delivered at the heart of the community.

In 2024 to 2025 there has been an increase in the complexity of the presenting issues which often require a more detailed “case work” approach to ensure that immediate issues are resolved and additional support offered for underlying problems. We have strong relationships with Sunderland City Council Welfare Rights Service, WEAR Recovery, Sunderland Together4Children Early Help Team and the local Family Hubs, Adult Services, 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 organisation to help our beneficiaries.

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SHINEY ADVICE & RESOURCE PROJECT (A company limited by guarantee)

TRUSTEES ANNUAL REPORT

For the year ended 31 March 2025

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 poverty. Together with rises in food costs and a general rise in prices across the board 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 services, 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 Rounds 5 and Round 6 providing targeted support to those people hardest hit by the impact of the cost of living crisis. Additional resources were provided so that Advice Workers could use dedicated time to work with people having trouble managing debt and needing support through Household Support Fund.

Centre for Warmth

Fuel poverty is a significant part of everyday life for many local people. In 2024/2025 Northern Gas Networks began roll out of a funded programme to establish Centres for Warmth. The ShARP Centre for Warmth was the first to be established in Sunderland. The Centre for Warmth project has 2 Advice Workers who provide energy advice, guidance on price comparisons, liaison with providers to agree payment plans for debt, applications to maximise income through claiming full entitlement and accessing grants. A key part of this project is raising awareness of the dangers of Carbon Monoxide (CO) and providing free CO detectors. The Advice Workers also support people to register on the Priority Services Register so that they can access help quickly in the event of a power failure etc.

The Centre for Warmth offers a range of daily activities which give opportunities for people to meet, spend time together, build friendships and try out crafts, cooking, shared mealtimes etc.

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SHINEY ADVICE & RESOURCE PROJECT (A company limited by guarantee)

TRUSTEES ANNUAL REPORT For the year ended 31 March 2025

Washington Individual Support Project (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 who present repeatedly in crisis to the foodbanks. Sometimes the crisis is caused because of being homeless, being sanctioned, escalating debt, drug or alcohol dependency or by having to wait for their first UC payment. The WISP Advice Worker has established excellent relationships with key partners including local Community Food Providers, Sunderland Foodbank, Gentoo, WEAR Recovery, Wearside 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 appropriate agency

Once the crisis is dealt with beneficiaries are introduced to other community groups where they can develop their interests, meet other people and make friends. The benefit of this multiagency approach is that we can address complex advice needs in an informal way and help to raise everyone’s understanding of their entitlement of the benefits system as well as other support.

The project received a grant from REEDS Grassroots Fund through Tyne & Wear Community Foundation in support of the work done with vulnerable people in Washington.

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SHINEY ADVICE & RESOURCE PROJECT (A company limited by guarantee)

TRUSTEES ANNUAL REPORT For the year ended 31 March 2025

Back on The Map

The 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 unmet needs which the team at Back on the Map are then able to support through their centre- based and community outreach activities in Hendon. 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 organisations.

Advice on Prescription

Advice on Prescription is a social prescribing project 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 funded until March 2025 by SCC through Coalfields Area Committee.

Advice on Prescription receives referrals from GPs, health professionals and social prescribers for patients who have low mood, anxiety or depression where causal factors may include worries about finances or debt.

Advice on Prescription has achieved recognition both with health professionals and with local people throughout the Coalfields area. The project has achieved all targets and made a significant impact by helping people claim their entitlement, address debt, maintain tenancy agreements etc.

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 gives continuity of support.

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SHINEY ADVICE & RESOURCE PROJECT (A company limited by guarantee)

TRUSTEES ANNUAL REPORT For the year ended 31 March 2025

Community, Enterprise and Volunteering

In 2024 – 2025 we received several grants which allowed us to improve our centre and increase the number of group activities available to help address issues of loneliness and social isolation. We established craft groups, coffee and chat and also community cooking and mealtimes.

We continued to develop our Digital Health Hub in partnership with Sunderland City Council. One of our existing staff took on the role of Tech Mate to encourage local people to develop IT skills to safely engage with the digital world of online services for health, banking, managing bills, shopping etc. We joined the Good Things Foundation which enabled us to offer free data to those in need.

In 2024 Virgin Money Foundation invited ShARP to join a number of their funded community anchor organisations to help inform discussions for a new programme Building Digital Skills. We shared our knowledge about the emerging digital poverty and exclusion that people in our area were facing as essential services move online. Once the Building Digital Skills Programme was launched, we successfully applied for 3 year grant to establish the DigiMe Project which offers a person centred approach to building digital skills. The DigiMe Project Worker provides one to one and informal small group sessions using several approaches to build skills and confidence.

In the previous year we were fortunate to be awarded funding from the Norman 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 running of the Shiney Things Charity Shop and the Community Library. We rely on their support to deliver our community events including community consultations e.g. Shiney Row Christmas Lights Switch On, Shiney Marras Men’s Group, holiday activities and our fundraising events for other charities.

The Board is grateful for the support given to the organisation by our team of committed volunteers.

In response to the Cost of Living Crisis Sunderland City Council continued to fund a number of centres to provide a Warm Space for those residents most affected. The ShARP centre provided a Warm Space Monday to Friday 9am-4.30pm offering warmth and food to local people. The ShARP advice team provided dedicated advice provision into other community based warm spaces to ensure that people were able to access support and advice about benefit entitlement and information on any grants available to them.

Funders and Supporters

We would like to thank the following funders who have supported us during this financial 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 Trust through Community Foundation Tyne & Wear and Northumberland Anonymous Donor Back on the Map Gentoo (Empower) Nationwide Building Society Community Grant Norman Jackson Fund

Northern Gas Networks Community Partnering through Community Foundation Tyne & Wear and Northumberland

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SHINEY ADVICE & RESOURCE PROJECT (A company limited by guarantee)

TRUSTEES ANNUAL REPORT For the year ended 31 March 2025

Northern Gas Networks Centre for Warmth 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 Neighbourhood Fund Sunderland Clinical Commissioning Group SNCB/Community Opportunities The Ballinger Trust The Bernicia Foundation The Henry Smith Charity The Partiger Trust The Rank Foundation Virgin Money Foundation

Supporters

Age UK Bethany Church (Sunderland and Hetton) CHANCE Citizens Advice Bureau Durham Community Foundation Fiscus Friends of Herrington Country Park Herrington Banner Group Hetton New Dawn Hetton Centre Family Hub International Communities of Sunderland (ICOS) Pallion Action Group Rainbow Centre Family Hub Sunderland Voluntary Sector Alliance Sunderland International Bangladesh Centre Sunderland MIND Washington MIND

We are grateful for the support of our community and those businesses who support us through individual donations.

Financial Review

ShARP uses the Sage50 system which enables accurate and timely controls of finances. The Treasurer provides scrutiny to ensure that appropriate financial controls are in place, Chairs the Finance Sub Committee and ensures Board receives regular finance 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 has a surplus of £71,992.

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SHINEY ADVICE & RESOURCE PROJECT (A company limited by guarantee)

TRUSTEES ANNUAL REPORT For the year ended 31 March 2025

Reserves Policy

The Balance Sheet shows that there are restricted funds of £95,515 and unrestricted funds of £423,527 of which £368,817 is designated leaving general funds of £54,710. In line with recommendations from the Charities Commission the Trustees seek to build up unrestricted funds as reserves to cover 6 months running costs which equates to approximately £275,000.

Plans for the Future 2025-2026

Our core work 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 funders. 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 deliver 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 planning for the future.

Succession in terms of staffing and Board membership is important to the longer term sustainability of the organisation and we will review and strengthen our approach to recruitment, selection and retention 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 makers 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 Cost 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 us at a time when additional resources 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 work with partners whenever we can to make the best use of limited resources.

We know that many local people are already digitally excluded and this is likely to get worse as more services including health move online. There is 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 digital world. We will focus attention on working to mitigate the impact of that in our developing Digital Hub and DigiMe Project developing Digital Tech Mate Volunteers who will be able to access training through Good Things Foundation Learn My Way programme. In line with our values local people will be encouraged to increase self-determination and develop the necessary skills to apply for and manage benefits online. This focus on increasing self-help is in line with ShARP’s aims and objectives and will become necessary as transition from legacy benefits to Universal Credit rolls out.

We will work with other organisations to try new approaches to support local people as needed.

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SHINEY ADVICE & RESOURCE PROJECT (A company limited by guarantee)

TRUSTEES ANNUAL REPORT For the year ended 31 March 2025

We will continue 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 respond to local residents to meet their needs in a holistic way and develop opportunities for them to meet informally and enjoy a range of activities in the centre, for example the community library, community activities and volunteering opportunities.

At this point, ShARP is in a strong position to face the future. We will maintain our proactive pursuit of relevant funding sources and explore any opportunities for enterprise development and further partnerships to secure longer term sustainability for the organisation.

Statement of the Trustees Responsibilities

The trustees (who are also the directors of Shiney Advice & Resource Project for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Risk Assessment

The trustees have considered any risks to which the charitable company might be exposed and are satisfied that the administrative, investment and financial procedures which are in place minimise the risk of any loss to the charitable company.

Health and Safety

The Trustees commissioned Gordon Rose Training to carry out a comprehensive review of Health and Safety across the organisation which identified some training needs. A named Trustee has

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SHINEY ADVICE & RESOURCE PROJECT (A company limited by guarantee)

TRUSTEES ANNUAL REPORT For the year ended 31 March 2025

responsibility for Health and Safety and has established a Health and Safety Subgroup to ensure the organisation meets requirements of relevant legislation.

Safeguarding

A named Trustee has responsibility for Safeguarding. The Trustees have reviewed the Safeguarding Children and Safeguarding Vulnerable Adults policies. All Staff and Trustees have completed Safeguarding training, and all have a current DBS check relevant to their role.

Exemption Statement

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 19 November 2025 and signed on its behalf by

Chris Parkin Chair

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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SHINEY ADVICE & RESOURCE PROJECT

Independent examiner's report to the trustees of Shiney Advice & Resource Project ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Nicholas J Liley FCA The Institute of Chartered Accountants in England and Wales

BK Plus Limited Chartered Certified Accountants 13 Windsor Terrace Jesmond Newcastle upon Tyne NE2 4HE

27 November 2025

Date: .............................................

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SHINEY ADVICE & RESOURCE PROJECT

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES

(INCLUDING SUMMARY INCOME & EXPENDITURE ACCOUNT)

For the year ended 31 March 2025

7
8
Other trading activities
9
10
Expenditure on:
13
Notes
Total income
Donations and legacies
Income from:
Investments
Charitable activities
Grants and contracts
Operation of the charity
Total expenditure
Net income/(expenditure)
Transfers between funds
Net movement of funds
Charitable activities
Total funds carried forward
Reconciliation of funds
Total funds brought forward		 Unrestricted
Funds
£
3,558
119,063
8,177
301
131,099
133,019
133,019
( 1,920 )
( 3,390 )
( 5,310 )
60,020
54,710		 Designated
Funds
£
-
85,000
-
-
85,000
14,244
14,244
70,756
5,989
76,745
292,072
368,817		 Restricted
Funds
£
817
405,521
-
-
406,338
403,182
403,182
3,156
( 2,599 )
557
94,958
95,515		 Total
2025
£
4,375
609,584
8,177
301
622,437
550,445
550,445
71,992
-
71,992
447,050
519,042		 Total
2024
£
2,735
439,067
12,664
294
454,760
504,618
504,618
( 49,858 )
-
( 49,858 )
496,908
447,050

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 19 to 30 form an integral part of these accounts.

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Charity Number 1065786 Company Number 04769232

SHINEY ADVICE & RESOURCE PROJECT

(A company limited by guarantee)

BALANCE SHEET

As at 31 March 2025

Fixed assets
Tangible assets
21
Total fixed assets
Current assets
Debtors
22
Cash at bank and in hand
23
Total current assets
Creditors:amounts falling due
within one year
24
Net current assets
Total assets less current liabilities
Total net assets or liabilities
Funds of the charity
Unrestricted income funds
Designated income funds
Restricted income funds
Total funds
Notes		 £
63,041
221,969
285,010
( 49,785 )		 Total
2025
£
283,817
283,817
235,225
519,042
519,042
54,710
368,817
95,515
519,042		 £
69,485
143,933
213,418
( 58,440 )		 Total
2024
£
292,072
292,072
154,978
447,050
447,050
60,020
292,072
94,958
447,050

The company was entitled to an exemption from audit under s477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with the respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.

The notes on pages 19 to 30 form an integral part of these accounts.

These financial statements were approved by the Board of trustees on: 19 November 2025

and are signed on its behalf by: Chris Parkin Chair

17

SHINEY ADVICE & RESOURCE PROJECT

A company limited by guarantee

STATEMENT OF CASH FLOWS

For the year ended 31 March 2025

Cash flows from operating activities
Net movement in funds
Depreciation
Investment income
Decrease in trade receivables
Decrease in trade payables
Cash generated from operations
Cash flow from investing activities
Purchase of property, plant and equipment
Interest received
Net cash used in investing activities
Increase in cash and cash equivalents
Cash and cash equivalents at start of year
Cash and cash equivalents at end of year
Notes		 2025
£
71,992
14,244
( 301 )
6,444
( 8,655 )
83,724
( 5,989 )
301
( 5,688 )
78,036
143,933
221,969		 2024
£
( 49,858 )
14,519
( 294 )
( 56,095 )
561
( 91,167 )
( 7,490 )
294
( 7,196 )
( 98,363 )
242,296
143,933

The notes on pages 19 to 30 form an integral part of these accounts.

18

SHINEY ADVICE & RESOURCE PROJECT

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025

1 Accounting Policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

2 Basis of accounting

2.1 Basis of preparation

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) – Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £.

Shiney Advice & Resource Project meets the definition of a public benefit entity under FRS 102.

2.2 Preparation of the accounts on a going concern basis

The charity reported total unrestricted funds at the year-end of £54,710 and has already secured a significant amount of funding for the current year.

The financial statements have been prepared on a going concern basis. In making their assessment the trustees have reviewed and considered relevant information, including their annual budget and future cash flows. The trustees are of the view that there are no material uncertainties about the charity’s ability to continue and the immediate future of the charity for the next 12 months is secure and that on this basis the charity is a going concern.

3 Income

3.1 Recognition of income

Income is recognised when the charity has entitlement to the resources, any performance conditions attached to the item(s) of income have been met, it is more likely than not that the resources will be received and the monetary value can be measured with sufficient reliability.

3.2 Offsetting

There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by FRS102 SORP or FRS102.

19

SHINEY ADVICE & RESOURCE PROJECT

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

3.3 Grants and donations

Income received in advance of the provision of a specified service is deferred until the criteria of income recognition are met.

3.4 Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit.

3.5 Donated goods and services

Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so.

Donated services and facilities are included in the SoFA when received at the value of the gift to the charity provided that the value of the gift can be measured reliably. Donated services and facilities that are consumed immediately are recognised as income with the equivalent amount recognised as an expense under the appropriate heading in the SoFA.

3.6 Volunteer help

The value of volunteer help received is not included in the accounts but is described in the trustees' annual report.

3.7 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

3.8 Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.

4 Expenditure and liabilities

4.1 Liability recognition

Liabilities are recognised when it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.

4.2 Charitable activities

Expenditure on charitable activities includes the costs of advice worker time and community activities undertaken to further the purposes of the charity and their associated support costs.

20

SHINEY ADVICE & RESOURCE PROJECT

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

4.3 Governance and support costs

Support costs have been allocated between governance cost and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources.

4.4 Irrecoverable VAT

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

4.5 Creditors

The charity has creditors which are measured at settlement amounts less any trade discounts.

4.6 Provisions for liabilities

A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date.

4.7 Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all off its liabilities.

4.8 Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight-line basis over the period of the lease.

5 Assets

5.1 Tangible fixed assets for use by the charity

Depreciation is calculated to write down the cost, less estimated residual value of all tangible fixed assets over the expected useful life. The rates generally applicable are:

Freehold Property and Improvements 2% - 4% straight line Fixtures fittings and equipment 10% - 33.3% reducing balance Property refurbishment 6.67% straight line

6 Company Status

The charitable company is limited by guarantee in that every member undertakes to contribute 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. The address of the registered office and the members of the company who are the trustees are shown on page 1

21

SHINEY ADVICE & RESOURCE PROJECT

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

Analysis of income
7
Donations and legacies
8
Charitable activities
Virgin Money Building Digital
Skills fund
Sunderland West Advice Project
Bernicia Foundation
Back on the Map
Northern Gas Network - Community
Foundation North East
Power for Change - Virgin Money
Foundation
Ballinger Charitable Trust
Springwell Village Community
Association
Other grants
Greggs Foundation
Links for Life
Nationwide Foundation
FTWR Contract - City of Sunderland
Income from grants
Donations and gifts
Sunderland City Council
Washington Area Committee - WISP
Income from contracts
Washington Area Committee - Making
Money Work
Springboard - R U Ready UC
Henry Smith Foundation
Household Support Fund administration
Coal Field Area Committee - Advice on
Prescription
Targeted Debt Advice
Northern Gas Network - Centre for
Warmth
Partiger Trust - Community Foundation
North East
UK Participatory Grant - Digital Hub
Barmston
Rank Foundation
Community Asset Fund
UK Participatory Grant - Mackem Money -
Community Foundation North East
Virgin Money Community Anchors Fund
Digital Hub		 Unrestricted
Funds
£
3,558
3,558
-
7,500
-
-
60,000
-
-
-
-
22,500
-
( 900 )
6,875
-
-
-
-
-
-
-
-
588
-
-
-
-
-
22,500
119,063		 Designated
Funds
£
-
-
-
7,500
10,000
20,000
-
-
-
-
-
7,500
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
40,000
-
-
85,000		 Restricted
Funds
£
817
817
1,000
-
-
-
-
-
45,000
-
-
-
7,160
-
-
-
18,764
14,431
35,102
5,933
5,000
35,000
11,269
7,000
-
-
19,894
-
199,968
-
405,521		 Total
2025
£
4,375
4,375
1,000
15,000
10,000
20,000
60,000
-
45,000
-
-
30,000
7,160
( 900 )
6,875
-
18,764
14,431
35,102
5,933
5,000
35,000
11,269
7,588
-
-
19,894
40,000
199,968
22,500
609,584		 Total
2024
£
2,735
2,735
9,000
15,000
-
-
60,000
7,500
-
8,416
8,000
-
-
2,000
-
6,680
4,923
17,933
-
5,751
20,000
-
15,169
-
4,540
33,000
-
20,000
183,655
17,500
439,067

22

SHINEY ADVICE & RESOURCE PROJECT

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

Analysis of income continued

9
Other trading activities
10 Income from investments
Room hire and use of facilities
Bank interest
Miscellaneous income
Library
Shop		 Unrestricted
Funds
£
1,850
485
39
5,803
8,177
301
301		 Designated
Funds
£
-
-
-
-
-
-
-		 Restricted
Funds
£
-
-
-
-
-
-
-		 Total
2025
£
1,850
485
39
5,803
8,177
301
301		 Total
2024
£
4,470
2,061
241
5,892
12,664
294
294

Income was £622,437 (2024: £454,760) of which £216,099 was unrestricted or designated (2024: £161,193) and £406,338 was restricted (2024: £293,567).

11 Analysis of income by activity type
Total 2025
Total 2024
Donations and legacies
Charitable activities
Other trading activities
Income from investments		 £
2,358
181,563
1,679
301
185,901
145,558
Core
Income		 Advice
Service
£
817
357,036
-
-
357,853
256,414		 Community
Activities
£
1,200
70,985
6,498
-
78,683
52,788		 Total
2025
£
4,375
609,584
8,177
301
622,437
454,760		 Total
2024
£
2,735
439,067
12,664
294
454,760

12 Other activities

During the year ShARP were approached by Sunderland City Council to assist the Council with the administration of the Household Support Fund. ShARP was contracted to undertake the administration of applications and to distribute the funds to eligible residents, which was provided in the form of vouchers. Monies awarded on the Council’s criteria using the Council’s shared real time web-based application monitor. The monies received in respect of the Household Support Fund amounted to £170,500 (2024: £137,500), of which £155,500 (2024: £137,500) was distributed to eligible residents at 31 March 2025 with the balance of £15,000 distributed by 30 April 2025.

As ShARP was administering these funds on behalf of the Council, the respective income and expenditure is not reflected in these accounts. The balance payable at 31 March 2025 of £15,000 was included in other creditors.

ShARP was paid a fixed fee by the Council of £22,500 (2024: £17,500) for delivering the contract requirements. This income has been included in Unrestricted Charitable Activities.

23

SHINEY ADVICE & RESOURCE PROJECT

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

Analysis of expenditure on charitable activities

13 Charitable activities
Direct costs
Support costs
Repairs and renewals
Other support costs
Subscriptions
Meeting costs
Depreciation
Governance costs
ICT maintenance and software
Insurance
Professional fees
Staff and volunteer expenses
Bank charges
Independent examiner's fees for
reporting on the accounts
Staff costs
Stationery, print and postage
Telephone, fax and internet
Management and staff training
Rates and utility costs
Marketing
Project expenses		 Unrestricted
Funds
£
111,734
619
169
-
1,024
3,986
665
3,540
3,222
1,702
59
1,019
104
1,118
321
137
-
3,600
133,019		 Designated
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
14,244
-
14,244		 Restricted
Funds
£
240,494
-
571
535
100,031
15,156
4,250
11,959
10,884
5,751
200
3,441
3,323
3,778
2,346
463
-
-
403,182		 Total
2025
£
352,228
619
740
535
101,055
19,142
4,915
15,499
14,106
7,453
259
4,460
3,427
4,896
2,667
600
14,244
3,600
550,445		 Total
2024
£
295,070
269
-
1,790
119,513
11,979
3,271
12,155
15,622
9,967
278
3,510
5,218
3,351
2,053
119
14,519
5,934
504,618

Expenditure on charitable activities was £550,445 (2024: £504,618) of which £147,263 was unrestricted or designated (2024: £131,024) and £403,182 was restricted (2024: £373,594).

14 Analysis of expenditure by activity type
Total 2025
Total 2024
Project staff salaries
Direct project costs
Support costs
Governance costs		 £
-
-
130,679
3,600
134,279
103,462
Establishment
Costs		 Advice
Service
£
219,836
100,665
49,190
-
369,691
331,655		 Community
Activities
£
30,057
8,888
7,530
-
46,475
69,501		 Total
2025
£
249,893
109,553
187,399
3,600
550,445
504,618		 Total
2024
£
236,259
129,816
132,609
5,934
504,618

24

SHINEY ADVICE & RESOURCE PROJECT

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

15 Fees for examination of the accounts

Independent examiner's fees for reporting on the accounts
Other accountancy services paid to the examiner		 2025
£
3,600
-
3,600		 2024
£
5,934
924
6,858

16 Analysis of staff costs and the cost of key management personnel

SMP recovered
Salaries and wages
Social security costs
Pension costs (defined contribution pension plan)		 2025
£
323,250
23,798
5,181
-
352,229		 2024
£
277,492
18,940
4,798
( 6,160 )
295,070

No employee received remuneration above £60,000 (2024: nil).

The key management personnel of the charity, comprise the Trustees, and the Chief Executive. The total employee benefits of the key management personnel of the charity were £56,449 (2024: £52,784).

17 Staff numbers

The average monthly head count was 11.9 staff (2024: 12 staff) and the average monthly number of full-time equivalent employees during the year were as follows:

The parts of the charity in which the employee's work.
Charitable activities		 2025
Number
8.7
8.7		 2024
Number
8.4
8.4

18 Transactions with trustees

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity.

Trustees' expenses

No trustee expenses have been incurred in the year.

Transaction(s) with related parties

There have been no related party transactions in the reporting period.

25

SHINEY ADVICE & RESOURCE PROJECT

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

19 Defined contribution pension scheme

The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund.

The employer's pension costs represent contributions payable by the charity to the fund and amount to £5,181 (2024: £4,798). There was £1,015 outstanding as at 31 March 2025 (2024: £1,150).

20 Corporation Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objectives.

21 Tangible fixed assets
Cost
Balance brought forward
Additions
Disposals
Balance carried forward
Depreciation
Basis
Rate
Balance brought forward
Depreciation charge for year
Disposals
Balance carried forward
Net book value
Brought forward
Carried forward		 Freehold
Property
£
375,466
-
-
375,466
SL
2% - 4%
119,016
7,650
-
126,666
256,450
248,800		 Property
Improvement
41,109
4,415
-
45,524
SL
6.67%
18,871
3,051
-
21,922
22,238
23,602		 Fixtures,
Fittings and
Equipment
£
34,752
1,574
-
36,326
RB
10% - 33%
21,368
3,543
-
24,911
13,384
11,415		 Total
£
451,327
5,989
-
457,316
159,255
14,244
-
173,499
292,072
283,817

22 Debtors and prepayments (receivable within 1 year)

prepayments and accrued income
23
Bank deposit account
Bank current account
Cash in hand
Cash at bank and in hand
Trade debtors		 2025
£
5,880
57,161
63,041
2025
£
10,700
209,788
1,481
221,969		 2024
£
65,009
4,476
69,485
2024
£
10,400
132,491
1,042
143,933

26

SHINEY ADVICE & RESOURCE PROJECT

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

24 Creditors and accruals (payable within 1 year)

Other accruals
Pension
Other creditors
Taxation and social security
Accruals
Independent examination of accounts
Trade creditors		 2025
£
14,499
6,281
1,015
3,600
8,750
15,640
49,785		 2024
£
23,524
5,825
1,150
5,934
21,497
510
58,440

25 Events after the end of the reporting period

No events (not requiring adjustment to the accounts) have occurred after the end of the reporting period but before the accounts are authorised which relate to conditions that arose after the end of the reporting period.

26 Analysis of charitable funds

Analysis of movements in unrestricted funds

Unrestricted funds
General unrestricted funds
Designated funds
Capital fund
Future projects
Core income received in
advance
Totals		 Fund
balances
brought
forward
£
60,020
292,072
-
-
352,092		 Incoming
resources
£
131,099
-
40,000
45,000
216,099		 Resources
expended
£
( 133,019 )
( 14,244 )
-
-
(147,263)		 Transfers
£
( 3,390 )
5,989
-
-
2,599		 Fund
balances
carried
forward
£
54,710
283,817
40,000
45,000
423,527

Purpose of unrestricted funds

General unrestricted funds Designated funds

Capital fund

Future projects

Core income received in advance

The 'free reserves' after allowing for designated funds.

Represents the net book value of the charities capital assets.

Funds allocated to future project expansion.

Represents the value of grants recognised as income during the year that are to cover expenditure in the following year.

27

SHINEY ADVICE & RESOURCE PROJECT

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

26 Analysis of charitable funds continued

Analysis of movement in restricted funds

Restricted funds
Back on the Map
Coop Community Fund - Marras
Group
Haswell Family
Nationwide Foundation
Northern Gas Network - Centre
for Warmth
Partiger Trust - Community
Foundation North East
Sunderland City Council
Coal Field Area Committee -
Advice on Prescription
Links for Life
Springboard - R U Ready UC
Sunderland West Advice
Project
Targeted Debt Advice
Washington Area Committee -
Making Money Work
Washington Area Committee -
WISP
UK Participatory Grant - Digital
Hub Barmston
UK Participatory Grant - Mackem
Money - Community Foundation
North East
Virgin Money Building Digital
Skills fund
Volunteer Project - Back in the
World
Totals
Northern Gas Network -Community
Foundation Nort East
FTWR Contract		 Fund
balances
brought
forward
£
11,591
2,599
3,032
5,188
-
7,623
-
9,399
33,987
-
4,496
-
-
12,596
-
3,324
-
1,123
94,958		 Incoming
resources
£
1,000
-
-
-
45,000
-
7,160
35,102
199,968
19,581
5,933
5,000
35,000
14,431
11,269
7,000
-
19,894
-
406,338		 Resources
expended
£
( 5,760 )
-
-
( 5,188 )
( 2,342 )
( 7,623 )
-
( 44,501 )
( 233,955 )
( 19,581 )
( 5,933 )
( 9,496 )
( 18,375 )
( 10,325 )
( 16,919 )
-
( 3,324 )
( 18,737 )
( 1,123 )
(403,182)		 Transfers
£
-
( 2,599 )
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(2,599)		 Fund
balances
carried
forward
£
6,831
-
3,032
-
42,658
-
7,160
-
-
-
-
-
-
16,625
4,106
6,946
7,000
-
1,157
-
95,515

28

SHINEY ADVICE & RESOURCE PROJECT

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

26 Analysis of charitable funds continued

Purpose of restricted funds

Restricted funds represent income resources used for a specific purpose within the charity as identified by the donor.

Back on the Map

Coop Community Fund - Marras Group

Haswell Family

Nationwide Foundation

Northern Gas Network - Centre for Warmth

Northern Gas Network - Community Foundation North East

Partiger Trust - Community Foundation North East

Funds to help delivery of the Welfare Benefits and Debt Advice to clients of back on the map.

Grant to contribute to funding the activities of the weekly men's group.

Funds donated to be used to contribute to the community kitchen in memory of Advice Worker Barbara Haswell.

Funding to provide advice worker time to support local people with housing and debt related issues.

To establish the Centre for Warmth, to provide energy advice and working to mitigate fuel poverty.

To provide a dedicated Energy Advice Worker.

Targeted to over 65's to provide opportunities for special activities and healthy eating.

Sunderland City Council

Coal Field Area Committee - Advice on Prescription

FTWR Contract

Links for Life

Springboard - R U Ready UC

Sunderland West Advice Project

Targeted debt advice

Washington Area Committee - Making Money Work

Washington Area Committee - WISP

Funding for free and confidential advice to patients of six GP surgeries in the area.

To provide advice on Welfare Benefit and debt.

To work collaboratively with residents and partner organisations to provide a range of activities to local people particularly those who may be socially isolated, and impacted by the cost of living crisis.

To provide advice and digital support on welfare rights and benefits specifically Universal Credit.

Funding to provide a specialist advice worker and additional support to help with employment advice.

Confidential advice to help residents manage their debts with potential debt solutions and ways of increasing income.

To deliver a financial education and inclusion project for young people focused on money management and budgeting.

Funding for delivery of the Washington Individual Support Project to deliver advice services to engage and support people presenting to other agencies in acute crisis.

UK Participatory Grant - Digital Hub Barmston

UK Participatory Grant - Mackem Money - Community Foundation North East

Virgin Money Building Digital Skills fund

Grant to establish and kit out a digital hub for our new community building in Washington.

To fund project costs for men's group for activities and outings.

Digital skills programme to establish Digi-Me programme providing tailored support to enable people to engage and navigate the changing digital world.

29

SHINEY ADVICE & RESOURCE PROJECT

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

26 Analysis of charitable funds continued

Transfers between funds

Reason for transfer Amount £ Between general unrestricted Represents value of new fixed assets transferred to capital fund. 5,989 funds and capital fund Between restricted funds and Previous year balance of "Coop Community Fund - Marras Group" 2,599 general unrestricted funds used to contribute to community activities and considered fully spent.

Between general unrestricted funds and capital fund

27 Capital commitments

As at 31 March 2025, the charity had no capital commitments (2024 -£nil).

28 Analysis of net assets between funds

nalysis of net assets between funds
Tangible fixed assets
Current liabilities
Current assets		 Unrestricted
Funds
£
-
104,495
( 49,785 )
54,710		 Designated
Funds
£
283,817
85,000
-
368,817		 Restricted
Funds
£
-
95,515
-
95,515		 Total
2025
£
283,817
285,010
( 49,785 )
519,042

Analysis of net assets between funds - previous year

Tangible fixed assets
Current assets
Current liabilities		 Unrestricted
Funds
£
-
79,840
( 19,820 )
60,020		 Designated
Funds
£
292,072
-
-
292,072		 Restricted
Funds
£
-
133,578
( 38,620 )
94,958		 Total
2024
£
292,072
213,418
( 58,440 )
447,050

30