Sunderland Women's Centre Limited (Company limited by Guarantee) Financial Statements for the Period ended 31st July 2024 Charity No: 1108695 Company No: 05252285 Community Accounting CIC
Sunderland Women's Centre Limited CONTENTS Legal and Admlnlstratlve Informatlon Report of tha Management Commlttee Indepondent Examln•rs Report Slatement of Flnanclal Acllvltle8 Balance Sheet Notos to the Flnanclal Statements
Sunderland Women's Centre Limited Report oftho Management Commlttee for the Year endad 31st July 2024 The Management Committee presents its r8POrt and audited financial statements for the year ended 31 $1 July 2024. Charlty Nam8: Sunderland Women's Centre Charity Reg. No: 1108695 Company Reg. No: 5252285 R8glst8red Offlce and Operatlonal Address: Sunderland 8 Green Terrace, SR2 3PZ Management Committee: Willa Allan Grace Cliff Jacqui Reeves Marlan Hlnds Fiorella Salsedo Nataliya Vakulyk Chairperson Treasurer Company Dlrector8: G Cliff,F Salsedo, J Reeves, W Allan Company Secretary:Andrea Bulmer Bankers: 5-6 Fawcett Street, Sunderland Co op Bank SR11SJ Independent Examlners: Community Accounting North East CIC 101 Hollywood Avenue Gosforth Newcastle upon Tyne NE3 5BU
Sunderland Women's Centre Structure Governance and Management Governing Document: The organisation was registered as a charity on 191h April 1996 and Incorporated as a Company on 6th October 2004. The company's Memorandum of Association established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up, members are required to contribute an amount nol exceeding £1. Racrultment and Appolntment of Management Comrnltt8e: Under the requirements of the Memorandum and Articles of Association, members are elected to serve a period of one year, after which they must be re-elected at Ihe next Annual General Meeting. For the purpose of charity law, members of the committee are also charity trustees. For the purpose of company law, four members of the committee are also directors. Organlsational Structure: Sunderland Women's Centre (SWC) has a Management Committee of sixmembers whlch meets on a quarterly basis and is responsible for the strategic direction and policy of the charity. Day to day responsibility for the provislon of the services rests wilh the staff team:_ Project Manager Andrea 8ulmer Project Manager Jayne Simpson Crèch8Leader Alison Atkinson Crèche Leader Victoria Kibble Rlsk Management: The Management Committee has conducted a review of the major risks to which the charity is exposed. Where appropriate, systems or procedures have been established to mitigate the risks the charity faces. Intemal Controls have been implemented in respect of transaction authorisation. Procedures are in place to ensure the health and safety of staff, volunteers and visitors to the Centre.
Alms and Actlvltles: SWC is a central resource open to all in the city, its aims are to: Provide educational opportunities in the form of shorvpart time courses in a range of subject areas within friendly hours. Take a holistic approach to the general well-being of all individuals. Promote a positive approach to lrfe time learning by offering guidance, support, confidence building and awareness raising. Identify and remove barriers, thereby encouraging women who have felt excluded to participate in courses and activities. Provide crèche facilities on a daily basis for pre-school children in a safe, educational and caring environm8nt, open to all child carers. Prioritise interpersonal, communlcation and social skills development in order to begin the empowering process for all, Encourage and support groups and individuals to become active in their community via self- help groups, study space and resources. 2) 3) 4) 5) 6> 7) Achievernents and Performance: From September 2023SWCoffered a full programma ofnon-accredlted learning as well as leisure courses. We provided a range of courses, aimed at improving employability and tackling some of the adverse effects women face due to the economic climate. Our non accredited courses recruited well with numbers remaining consistent throughout the year.The provision of non-accredited courses offering a first step into education, as well as providing leisurelsoci81 activities, are essential to SWC and the backbone of our service. We plan lo continue this provision for the coming academic year. This year we secured funding for core costs and to provide courses aimed at tackling issues around mental health and isolation, education and employability skills, and arts and crafts. Worklng Partnerships: We are committed to the ongoing development of mutually beneficial partnership working, which serves to improve services and activities for the community.Partnerships also strengthen direct access to services and other resources that each project has in place. This includes information resources, therapies, indeper)dent advocacy, young people projects, education, training and volunteering opportunities. The number of referrals from Job Centre's, City Hearts, Wearside Women InNeed and various Womens Refuges, Friends of the Drop in (FODI> Social Prescribers, Mental Health Projects and Pallion Action Group have continued to be high throughout the year.
Financlal Revlew: The Centre received a Gross income of £120,263 with a net surplus of £1,The organisation has a reserves policy, based on increased funding difficulties, of trying to build up a reserve which amountsto 6 months running, future pension provision, building refurbishment and wind up costs. This designated funds in respect of wind up, pension and refurbishment costs stands at £37,316.The general fund, which is approximalely 6 months running costs, as at 31 st July 2024, stood at £45,314. Future Plans: We will continue to promote our services through our website, social media and work with volunteer and statutory agencies to ensure the service is accessible to all in the community. We anticipate that the essential service that we provlde wlll contlnue to be in demand. Our main objective will be to continue to develop provision that is flexible enough to respond to the needs of the community whilsl at the same time protect our ovffl financial stability. We are looking at options to enable us to continue to offer accredited learning to our students. Due to the loss of funding from our college contract we are prioritising fundlng for core costs by income generated within the centre and by successfully applying to charitable twsts and organisations. We will continue to proactively identify how best to ser¢e the women and children who access the centre as well as the wider community. R8sponslbllltl88 of the Management Committee: The Management Committee shall manage the business of the Charity and may exercise all the powers of the Charity unless they are subject to any restrictions imposed by the Act, the Memorandum. the Articles or any special resolution. No alteration of the Memorandum or the Articles shall retrospectively invalidate any prior act of the Committee. Any meeting of the committee at which a quorum is psent at the time the relevant decision is made, may exercise all the powers exercisable by the Committee. Company Law qUireS the Management Committee to prepare financial statements for each financial year which give true and fair view of the state of affairs of the charitable company as at the balance sheet date and of its incoming resources including income and expenditure for the financial year. In preparation of the financial statements, the Management Committee should follow best practice and:
Select suitable accounting policies and then apply them Make judgements and exercises that are reasonable and prudent. Prepare the financial statements on a going concern basis unless it is inappropriale to assume that the company will continue on that basis, The Management Committee is responsible for maintaining proper accounling records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure thal the financial statements comply with the Companies Act 2006. The Management Committee is also responsible for safe guarding the assets of the charitable company and hence for taking reasonable steps to the prevention and detection of fraud and other irregularities. This r8POrt has been in accordanc8 With the Statement of Recommended Practice.. Accounting and Reporting by Charities (issued in March 2005) and in accordance with the special provisions of the Companies Act 2006 relating to small entiti8S. Signed on be If ofthe Management Committee: , Director
Community Accounting North East CIC 101 HollyNood Avenue. Gosforth, Newcastl8 upon Tyne, NE3 5BU Sunderland Women's Centre 8 Green Terrace Sund¢rland SRI 3PZ Accountant's / Inde endent Examiner's Re ort report on the accounts of Sunderland Women's Cenlre for the year ended 3 ls1 July 2024 Res ective Res onslbillties of Trustees and Examiner The trnstees of the charity are responsible for the preparation of accounts. they consider that the audit r¢quirement under section 144 of the Charities Act 2011 does not apply. I have been appointed under the Charities Act 2011 and report in accordance with the iegulations made under section 145 of that Act. It is rny responsibilily to exarnine the accounts and statement, without performing an audit, and to report to the trustees. Basls of Examlner's Statement This report is in respeet of an examination carri¢d out under the directions of Charities Act 2011 and in accordance with the directions giveii by the Charity Coiiimissioners, an examination includes a review of the accounting records kept by the charity trustees and a comparison of the accounts presented with ihose records. It also includes a review of the accounts and making such enquiries as are necessary for the putpose of this report. The procedures und¢rtaken do not constitute audit. Examiner's Statement Based on my exaniination, no niatter lias conie to niy attentioii which gives nie reasonable cause to believe, thal in any material respcct, accounting rccords havc not bccn kept in accordance with section 130 of the Charities Act 2011. or that the accounts presented do not accord with those records or comply with the accounting requirements of the Companies Act 2006. No matter has come to my attention in connection with my examination to which, in my opinion, attention should be drawn to enable a proper understanding of the accounts. In my opinion, the accounts are in agreement with the accounting records kept by the company and havc rcgard only to. and on ihe basis of, the infomiation contained in those accounting records, thos¢ accounts have been drawn up in a manner consistent with the provisions of this Act specified, so far as is applicable to th¢ company.
Community Accounting North East CIC 101 Hollywood Avenue, Gosforth, Newcastle upon Tyne, NE3 5BU lil my opinion, having regard to and on the basis of, the inforniation contained in the accounting records kcpt by the company. the company as a charity satisfied the requir¢m¢nts of the Act for tlie financial year. For and Behalf of Community Accounting N.E.ClC 21" Oclober 2024
Sunderland Women's Centre Limited Statemont of Financlal Actlvltlas (Includlng Income & Expenditure Account) For the Year anded 31 st July 2024 Unfesteted Funds 2024 Reslrfcted Funds 2024 Total Funds 2024 Tolal Funds 2023 Noles Incomlng R•source Donatlons Gran18 Income generated from Activllles Inleresl Received Olh•r Income 28.275 28.27S 84.665 5.952 1,371 18.448 43,235 42.348 84.665 5,952 1.371 Total Incomlng R••ourc•* 29,646 90,617 120263 R••ourc•• Exp•nd•d Diréth Costs Staffing Costs Adminislralion 31.931 23,413 25.279 31,931 63.052 25.279 39,657 80.882 26.117 39,639 Total R••ourc•• Exp•nd•d 80.623 14 Not Incomlng R••our¢•$ 9.994 42,627 Transler b98n Funds Totsl Funds 8rwht Faprtard 93.749 10,0 103.749 146.376 Total Funds Cwrrted Fopward 83,756 103,750 103,749
Sunderland Women's Centre Llmited Balance Sheet as al 31 st July 2024 2024 2023 Flxed A*ts Tan9lblg Fixed Assels 1.086 1.498 Curront 101 Debtors Cash 01 Bank and In Hand 4.796 99.160 103,956 12,796 )879 103.675 Curr•nt Llab11tt40¥ (Paythbl• wlthln on0 y•if) Accrua15 1.292 N•t Curr•nt ¥•11 102.664 102.251 N•t A•••t• 103,750 103.749 Fund•d by Unro¥trkled Fund8 De$ignBt•d Capital Gersgr81 37.316 1,088 45.354 19.994 35,644 1,498 56,607 10,000 Reslrfictad Funds Total Funds 103.750 103 749 For tho p•rlod ended 31st July 2024. the Company VMS entluod lo 8x•mpllon Secllon 477 01 the Companles Act 2006 relallng lo Small companles The membeirs have not required the Company lo Obta an audll o16ts accounts lor th8 ye81 In que51ion in accordance 1h Section 476. Tho dlr¢Gtors a¢knowledg• Ihelr responslblllles for comptylng wllh the provlsion# applicable lo companle8 subj-ect lo small companles T8glme These dccoun18 havo been pr8pai8d Sn accijrdance wllh the provl8lons applicable lo companie$ subject lo the small companle$' raglme. These accounts have been dellvgred in #ccordance with Ihe provisions appllcable lo compgnleg sublecl to tho gmall Compan$. ieglmo, . W.Allan Cmlr Company R•glstr•llon Numbgr 05252285
Sunderland Women's Centre Llmlted Noles forn)Ing part of tho Flnancial Statements to 31st July 2024 1) Accountlng Pollclès The principal accounting policS8s are summarls8d below. The a¢¢ounting policies have been applied conslslénlly thloughout the year and in the precedin9 year. Basls of accountlng The financial slalem8nls have been prnparad under the hlslorical co81 convention in accordanc6 wllh tho Companles Act 2006 and the Statement of Recornm8nd8d Practl¢e.' Accounting and Reportlng by ChatIeS Issued In March 2005. bl Fund Accountlng Unreslrld8d funds are avallable for uso at the dls¢rellon of tho Iruslee$ in lurth6r8ncè of lh8 genaral objectives of the charity Restrlctsd Funds are subjected to restrlctlons on Iheir expendllure Imposed by the d(or. In¢¢mlng Rosour¢és All Incomlng rosourc8S 8r8 included In the slat0t of flnanclal acllvltlos when the charlly18 entitled to the Income and the amount can b8 quantlfied with reasonable accuracy. The followlng specific poll¢les are applied to particular categories ol Income.. Voluntary income Is recelved by way ol grants. donations and glfts and is included In lull in the Statemènt of Financlal Acllvltles when receivable. Grants, where enlltlemont is conditlonal on the delivery of a specific performance by the charity are recognlsed where the charity becornes unconditionalty entllled lo the grant. The value ol the servlces provlded by the volunlears are accounted lor when earned. Incomlng resource$ Irom acllvitles are accounled lor when Oarngd. dl Re8ourc•8 Expondod Expenditur8 1$ r8¢ognised on an accrual basis as a Ilabilily is incurred. ExpendSlur? in¢ludes any VAT which cannot be fully recovered, and Is reported as part of the expandllure lo whlch it relates. Expenditure ¢omprise5 of those costs incurred by the tharily in the d81ivery of ils actlvili8s and services for ils beneficiari•s.11 Includès bolh costs Ihat can be allocaled directly to such activities and those costs of an Indirect nature necessary to support them. Flxed Assots Flxed assets are slaled at cost less accumulated depreclalion. Dewe¢lallon is provld8d at ratès calculated to wri16 off Ihe cost of each asset over Its expected usoful lrfè. Officé and Tralnlng Equipment 25% reducing balance Furnllure, Fixtures & Fitting8 15% reducSng balanc&
Sunderland Women's Centre Llmltsd Notes formlng part of the Flnancial Statemènts to 31st July 2024 Incomlng Resources Grants Unregtrfcted Rfrstrld•d Total 2024 Communlty Foundatlon Slr John Priestman Charliable Trust 530 Kellet Fund Zedra Trust The Nallonal Loltery Communlty Fund Garfleld Weston Nash Theodore Maxxy DWF Foundation The Womens, Fund Barbour Foundation Kartn Homes Curtsn PARP Goodman Foundatlon David Family Foundallon D8rfington Bullding Soclety Communiiy Foundation The 2gih May 1961 Charilable Twst Access Foundation 8archester Health Foundaliom 19,994 10,000 s.000 2,000 2.000 7,000 5.005 1.500 19.g94 10,000 5,000 2,000 2,000 7,000 5,005 1,500 6,996 2.500 2.000 2,700 3,000 14,430 540 84,665 Community Foundalion Communlty Foundallon 2,500 2,000 2,700 3,000 14,430 540 84,665 Incom• G•n•ratod from knlivltl•s Unr•strfct•d R•$trl¢t•d Total 2024 Sunderland College Room Hire Creche Vending Maehlne Olher Income Donatlons S.952 5.952 2.180 162 90 25,863 2,160 162 90 25,863 28,275 5,952 34.227 Th8 Adult Educalion and Colego Income is now being tre8t as iestrlcted due to the clearly defined re$lrlcl requrlments Ihal are needed to lustlfy thls Income.
Total 2023 13,880 2,000 2,000 10,375 2,000 9,980 3.000 43,235 Total 2023 41,818 530 18,446 60.794
Sunderland Women's Centre Llmlted Notès forming part of the Flnancial Statements to 31st July 2024 31 R•$oure•8 Expendod Dlr•ct Costs 2024 2023 Croche Workers Tutors 17,396 14.535 16.064 23.593 31,931 39,657 Staff Costs No employeè 88rned more than £60,000 durin year 63,052 80,882 Avèrage no. of employ888 lincludlng Ihos8 in dlrecl costs) Admlnlstratlon Total 2024 Total 2023 Unr•Jtrf¢t•d Ro8trlctod Accounl8ncy Cle8nlng, Health & Safety Coffee I Water Ma¢hin& Companieg House Oepreclation Insurance Lighl and Hèal Prtntlng & Postag8 Rates I Water Rent Repairs & Renewals SuDdrie8 Telephono I Internet eallh Insurance SubscriptlonslProl Fees Volunleef and Travel Expenses 580 421 41 S80 421 41 580 297 18 412 412 1,912 2,053 1,045 1,261 14,871 835 466 S30 243 809 412 1,172 1,741 974 850 15,049 1.943 449 524 449 1.539 120 1,912 2,053 1,045 1,261 14,671 835 466 530 243 809 412 24.867 25,279 26,117 All salaries and admin are allocaled lo Ihe approprfate fund and ov?rsp8nd is allocated to general lunds
Sunderland Women's Cenlre Llmlted Notes formlng part of the Flnanclal Statements lo 31st July 2024 Truste•s R•mun•ratlon and Rolaled Party Tran$¢allon8 4) No member ol the manag?mènl committee receivad any remuneration during the year. Taxatlons As a chanty. Sunderland Woman's Centre Is exempl Irorn lax on income and gains falllng within Secllon 505 of the Taxes Act 1988 or Secllon 256 of the Taxatlon of Chargeable Gains Act 7992 to the extent that they are applled to thelr charitabl8 objects. No tax charps have ansen In the charity. 6) Tanglbl? Flxod As8èt• Offle• & Trolnlng Furnlturo Flxturos & Flttln IA Tota Cost A$ 811st August 2023 Additions Disposals 24,945 21,322 46,267 As at 3181 July 2024 24,945 46,267 Doproclatlon As al 1st August 2023 Charg8 for Yèar Elimatod on Disposal 24,005 313 20,764 99 44,769 412 As at 31sl Juty 2024 24.318 20,863 NBV as al 31st Juty 2024 627 459 1.086 NBV as al 31st July 2023 940 558 1.498 Debtors 2024 2023 Debtors Prepaym8n18 8.000 4,796 12,796 4796 4,796 Cr•dllor• 2024 2023 Paye l Nl Olher Accruals 712 580 1.292 1.424
,1 Sunthrland Wom•n's C•nlrn Llmll•d Noto8 lormlng part of tho Flnanclal Stat•ments lo 31•t July 2024 Anal1¥ ol N•t AIMt• b•lw••n Fund• Genera Funds R•strfcted Funds Tw9lble Fixed A8801S urrenlA$sels Current Liabiliiws 1,086 103.958 11.2921 83.962 11.2921 19.994 103 7S0 Mo¥•m•nt of Fund• A•at 1•t Augu¥t 2023 mlng R••our¢•# Oytgolng Tr•n•hrs J1#tJuly 2024 Nash Garflo W•ston Tho Natwal Lollwy CommunityFund Thoodore Maxxy OWF Foundatlon Kg11g1 Fund Th8 Wornans. Fund Bwbour Foundation Karbon Horn•• Curtln PAFIP Goodfflan Fourtdallon Davld Fimlty Foundation Darkngion 8ullding Soclely A¢c•s8 Foundatlon Bar¢81•1 Health FouThJaliom 5.000 10,O¢y) 19 994 2.0(Y) 2,000 I5.0) 110.0001 10.994 12,0001 12.0001 li0.0 io.¢y 7.oc 5,005 1.500 e.996 2.500 2.000 2.70J 14,430 IS.IK)51 11.5001 16,9961 12.5001 12,0001 I2,7) (14,4301 15401 Tho 29th May 1961 Chgritabkn Tw$l Cilyol Surtéerland Cthlege Tg1•l R••trl¢¢•d 3,0ty) 13,0ts)1 io.ooo 90,627 180.6331 19.994 UnrMtrl¢l•d Fund• Owignaled Fund5 G•nerl Fund8 IC4pilal GM•rnl Fvndj IRv•nuo1 35,644 1,498 56,607 1,672 37,316 1,086 45,JS4 14121 139,2271 29.646 11.6721 G•nw¥l Funds 83,736 Tolal Fundt 103.749 120,27 120,272 11rJ.750 Transler ol Fund¥ lo Denated rmsentS thè d•er••• In p810 for redundancy Trwsfer ollund from Capiial io Reven r•pr•i•nl$ lhg depr•oalkn chafge lor lh•