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2023-03-31-accounts

SUNDERLAND NORTH FAMILY ZONE

Report and Financial Statements for the Year Ended 31st March 2023

Charity Number 1082558 Company Number 3922032

SUNDERLAND NORTH FAMILY ZONE

31st March 2023

Contents Page
Report of the Management Committee
Trustees Report		 2 - 4
Statement of Financial Activities
Statement of Financial Activities		 5
Balance Sheet
Balance Sheet		 6
Notes to the Accounts
Notes to the Accounts		 7 - 8

SUNDERLAND NORTH FAMILY ZONE Administration Information 31st March 2023

The board presents its report and financial statements for the year ended 31st March 2023

Referance and Administration Information

Charity name Sunderland North Family Zone
Charity registration number 1082558
Company registration number 3922032
Registered office and The Former Library
opperational address 2A Blind Lane
Silksworth
Sunderland
SR3 1AU
Trustees Judith Potelle
Janet Tate
Lynne Robinson
Anne Morrison
Peter Kirkpatrick
Linda Procopis
Bankers Lloyds Bank
Fawcett Street
Sunderland
SR1 1SE

Page 1

SUNDERLAND NORTH FAMILY ZONE Trustees' Report

31st March 2023

The Trustees present this report together with the financial statements of the charitable company for the year ended 31 March 2023. The financial statements have been prepared in accordance with the accounting policies set out on pages 7 to 8 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.

Administration details

Constitution

Sunderland North Family Zone is a registered Charity (No. 1082558) and is a company limited by guarantee (Company No. 03922032).

The Trustees who served during the year are as follows:

Judith Potelle Janet Tate Lynne Robinson Anne Morrison Linda Procopis

The following are also Directors for the purposes of the Companies Act:

Judith Potelle - Chair Janet Tate - Treasurer Lynne Robinson - Secretary

Structure, Governance and Management

Sunderland North Family Zone was established September 2000 under Memorandum and Articles of Association which set out the aims, objectives and governance of the organisation. It was registered as a charity and incorporated as a company limited by guarantee on 9 February 2000. Trustees are elected by membership.

Objectives and Activities

Objectives

The objects of the Charity are:

To promote any charitable purpose for the benefit of people living in the North West area of the City of Sunderland, and in particular but without prejudice to the generality of the foregoing:

1) To relieve poverty, sickness and distress

in providing facilities for group play in which parents can participate where appropriate 5) To provide information, advice and counselling services, and appropriate associated facilities 6) To provide facilities for recreation or other leisure time occupation with the object of

improving the conditions of life of such persons having need of such facilities by reason of their age, youth, sex, infirmity, disablement, poverty and social and economic circumstances.

Page 2

SUNDERLAND NORTH FAMILY ZONE Trustees' Report (Continued)

31st March 2023

Main Activities

Family, adult and community learning courses include

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. The charity provides community courses open to anyone within the area of Sunderland.

Policy on social investment including program related investment

Social investment is the use of our finances to achieve a social, as well as a financial return. Money is provided by investors who want to see it paid back and see that it has been spent on making society better. Social investment provides finance to build an organisation's long term capacity to achieve its social mission.

Contribution made by volunteers

Raise awareness about the organisation's cause, it's profile and what it does. Build relationships with the community and contribute to supporting others in the community. Providing volunteering opportunities, provides opportunities for social inclusion, skills development and potential routes to employment.

Reserves Policy

The policy of the management committee is to ensure that all expenses are fully funded and reserves are sufficient to cover expenditure commitments for a six month period. The management committee will ensure that funds are invested regularly to provide a maximum total return balance with the level or risk.

Going Concern

The trustees deem it appropriate to prepare the financial statements on the going concern basis. However, the trustees are tendering for contracts and applying for funding more and if the more competitive funding was not secured then the charity would not be able to continue as a going concern.

Page 3

SUNDERLAND NORTH FAMILY ZONE Trustees' Report (Continued)

31st March 2023

Statement of the Trustees Responsibilities

Company Law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of the affairs of the charitable company and of the surplus or deficit of the charitable company for that period. In preparing these financial statements, the Board is required to:

select suitable accounting policies and then apply them consistently; make judgements and estimates that are reasonable and prudent;

follow the recommendations of the Charity Commission and of the accounting profession with regard to the form and content of the financial 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 business.

The Board is 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.

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.

Signed on behalf of the Trustees

Janet Tate

Date

Page 4

SUNDERLAND NORTH FAMILY ZONE

Statement of Financial Activities

31st March 2023

Income
Grants/ Funders
Fund Raising/ Generated Income
Bank Interest
Total Income
Expenditure
Project costs and resources
Rent
Salaries
Tutors and training
Utilities
Volunteer expenses
Motor expenses
Accountancy
Bank charges
Consultancy
Legal and professional
Depreciation
Total Expenditure
Net Income
Total funds brought forward
Total funds carried forward		 Unrest.
Rest.
2023
2022
£
£
£
£
-
25,740
25,740
137,294
22,215
-
22,215
34,349
14
-
14
2
22,229
25,740
47,969
171,645
-
22,061
22,061
19,596
3,425
-
3,425
4,997
-
38,949
38,949
50,518
2,370
3,740
6,110
24,125
3,350
-
3,350
2,199
1,787
-
1,787
471
3,469
-
3,469
2,405
500
-
500
1,800
65
-
65
5
-
7,849
7,849
6,580
4,846
960
5,806
2,569
1,057
-
1,057
1,057
20,869
73,559
94,428
116,322
1,360
-47,819
-46,459
55,323
27,311
57,819
85,130
28,671
10,000
38,671

Page 5

SUNDERLAND NORTH FAMILY ZONE

Balance Sheet 31st March 2023

Note
£
£
Fixed Assets
Tangible fixed assets
6
13,742
Current Assets
Stock
500
Debtors (due within 1 year)
-
Cash at bank
26,329
26,829
Total Assets
40,571
Current Liabilities
Creditors (Due within 1 year)
7
1,900
Total Liabilities
1,900
Net Assets
38,671
FUNDS OF THE CHARITY
Unrestricted funds
28,671
Restricted funds
10,000
Total Funds of the Charity
38,671
2023		 2022
£
14,799
500
1,087
71,254
72,841
87,640
2,510
2,510
85,130
27,311
57,819
85,130

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 financial 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 (ii) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of the financial year and of its incoming resources and application of resources, including its surplus or deficit for the financial year in accordance with the requirements of section 394 and 395, and which otherwise comply with the requirements of

the Act relating to financial statements, so far as applicable to the charitable company. These unaudited financial statements have been prepared in accordance 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.

These unaudited financial statements were approved by the trustees on ______ and are signed on their behalf by:

Page 6

SUNDERLAND NORTH FAMILY ZONE

Notes to the Financial Statements

31st March 2023

1. General Information

The company is a private company limited by guarantee, registered in England and Wales, as well as being a registered Charity. The address of the registered office is 2A Blind Lane, Silksworth, Sunderland, SR3 lAU.

2. Statement of Compliance

The financial statements have been prepared in compliance with the provisions of FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic oflreland'.

3. Accounting Policies

Basis of Accounting

These financial statements have been prepared under the historical cost convention and in accordance with:

i) the Statement of Recommended Practice, "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)"; ii) the special provisions of Part 15 of the Companies Act 2006 ("the 2006 Act") relating to small companies; and

iii) FRS 102 'The Financial Reporting 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 financial statements are rounded to the nearest £.

Tangible Fixed Assets

All fixed assets are included at cost.

Depreciation

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

Motor Vehicles 20% straight line

Recognition of Incoming Resources

These are included in the Statement of Financial Activities (SOFA) when:

Income is deferred only when the charitable company has to fulfil conditions before becoming entitled to it or when the donor specifies that it is to be expended in a future period.

Investment Income

Bank interest is included in the Statement of Financial Activities on the accruals basis.

Donations, Legacies 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.

Page 7

SUNDERLAND NORTH FAMILY ZONE Notes to the Financial Statements 31st March 2023

5. Corporation tax

The chartiable company is exempt from taxation under Section 505 of the Income and Corporation Taxes Act 1988

6. Tangible fixed assets

Cost or valuation
At 1 April 2022
Additions
Disposals
As at 31 March 2023
Depreciation
As at 1 April 2022
Charge for the year
Disposals
As at 31 March 2023
Net book value
As at 31 March 2023
As at 31 March 2022
7. Creditors
Accruals
Trade creditors		 Motor
Vehicles
£
15,856
-
-
15,856
1,057
1,057
-
2,114
13,742
14,799
500
1,400
1,900

Page 8