CHARITY REGISTRATION NUMBER: 1202027 COMPANY NUMBER: CE031462 C3 Sunderland Trustees. Annual Report & Financial Statements 31 March 2024 HENSON OATES West 2, Asama Court Newcastle Business Park Newcastle upon Tyne NE4 7YD
C3 Sunderland Flnancial Statements Perlod ended 31 March 2024 Page Trustees, annual report Independent examiner's report to the Trustees Statement of financial artivitles Ilncorporating the Income and expenditure account) Balance Sheet Notes to the financial statement5
C3 Sunderland Trustees, Annual Report Period ended 31 March 2024 The trustees present their first report for C3 Sunderland {'the (harity-) and the unaudited financial statements of the charity for the period ended 31 March 2024. Reference and administrative details Reglstered charity name C3 Sunderland Charity r•gl$tration number 1202027 Company numbér CE031462 Principal offlce 13 Hawarden Crescent Sunderfand SR4 7NQ The trustees l J Harding R L Broughton E T Holmes Appointed 21 February 2023 Appointed 21 February 2023 Appointed 21 February 2023 Independent examiner Peter Alexander BSC Stephenson Coates Limited West 2, Asama Court Newcastle Business Park Newcastle upon Tyne NE4 7YD Bankers National Westminster Bank PIC Sunderland City Branch 52 Fawcett Street Sunderland SRI ISB
C3 Sunderland Trustees. Annual Report (continued) Period ended 31 Mah 2024 Structurei governance and management overni ershi C3 Sunderland Is a Charitable Incorporated Organlsation (CIO) established on 21 February 2023, governed by its constitution. The Charity RegSstration number 15 1202027 and the Company regSstration number is CE031462. ntment an me The Charity currently has three trustees. Recruitment of trustees Is undertaken by the trustees as the need arises In order to ensure that charity trustees collectively have the necessary skills, knowledge and experience for the effective administratlon of the CIO. New trustees are briefed on the powers and responsibllities of the trustees and are provlded with a copy of the charity's current constilution. They are also briefed on the objectives of the charity and the recent financial performance of the charlty. nls The charity is rnanaged by the trustees, who meet at least quartedy, or more frequently if the need arlses. There must be at least three trustees and a maxlmum number of twelve. If the number of trustees falls below the minirnum the remaining trustee or trustees may act only to call a meeting of the truslees to appoint new trustees. Apart from the first trustee5, every trustee is appointed for a tem of eighteen months. Rls The trustees have carried out a risk assessment to identify the major governance, financial, operational and compliance rlsks which the charity faces and thls Is revlewed each year. Procedures have been established to enable the trustees to monitor and mitigate those risks. Objectlve$ and actlvltle$ for the public benefit To advance the Christian faith in accordance with the Statement of Falth throughout England for the benefit of the public. These actlvltle5 are malnly but not exclusively through the provlsion of a place of worship, the holding of prayer meetlng5, religious education and to provide outreach and pastoral care for the community. The Trustees confirm that they have had regard to the guidance Issued by the Charity Commission on public benefit and have ensured that the charity's activtties are aligned with these reqU1MentS to provide meanlngful benefit to the community. Achievements and perforniance Thls year, the charity has advanced the Christian faith, seeing a growth In those attending worship services, prayer meetlngs as well as our small group discipleship space, we call GROUPS. Groups Is an IntentSonal space which offers the opportunity for deepenlng their relatlonship with Jesu5, whilst at the same time offerlng deeper dlscipleship on how to live as a Christian in the 215C centtjry, to share challenges as well as successes in a mutually supportive and encouraging environment. The supportive nature of such a group has enabled a number of our members to recelve guidance, frlendshlp, as well as 5ignpostlng to wider support agencles as they navlgate challenges. Being part of this community has led to people sharlng with us how they value this space as helping strengthen social tles, negate feelings of loneliness and disconnectlon, allowlng them to be MO optimistic and feel supported. In this year we hosted two evenrs where we Invited the city to join us. These were an Easter worship night and our Carol service just before Christmas. Both events enabled us to reach out Into our community and simply invite them to come and see, with the opportunlty to attend on a rllore regular basls. The Easter event, in particular, saw many who otherwlse wouldn't attend a service, gathering with us. Having been In a number of venues over a short space of time, the Trustees made the decision to move to the Hills Art Centre and secure a more permanent venue. This has been essential for the health of community and has led to a perfod of sustained growth, where we have seen many people renew their splritual rhythms and practices. The Sense of family and community has benefitted becoming deeper, somethlng mirrored In a greater engagement with GROUPS.
C3 Sunderland Trustees. Annual Report (continued) Perlod ended 31 March 2024 To help foster a sense of unity, family and community, we also made the decision to do a church weekend away. A number of people were supported by bursarSes, allowing members who through financial hardship wouldn't have been able to attend, to be present. This weekend offered a chance to strengthen community, create greater space for worship and prayer, leadin9 to many shared memories, as well as empowering people to go back into their weekly spaces freshly encouraged and equipped. Finally, this year we launched a youth outreach drop in 5ervlce offering help wlth homework, as well as a hot drink and a warm place to be. Its aim has also been to provide a place where young people can receive support or signpostlng If they are struggling with mental health concerns or domestic abuse in the home. Some of our team have expertise in this area and so it felt pertlnent to offer it as these fartors affect many teenagers in our clty. Thls facility has been used by primarily by the teenagers in our church but has nonetheless been an important space for pastoral care and support with many reportlng they have felt heard and feel more confident about talking about issues. Plans for the future To build on growing the Church congregatitsn and outreach In the communlty. Golng Concern The trustees has reviewed Its cash flow forecasts and there is a reasonable expectation that it has adequate resources to continue in operational existence for at least the next twelve months and on this basls the charity Is considered to be a golng concem. FinancSal revlew and reserves pollcv At the end of the perlod, the charlty malntained a stable flnancial position wlth sufficlent Income to Cover its main activities and operational costs. Overall, the charlty's finances are healthy, ending the financial year In a surplus, addlng to the reserves for the following flnan¢ial year, wlth us having developed a worklng capitsl to ensure the charity can meet its financial obligatlons. During the period to 31 March 2024, total income reIved by the charity was £43,432 all of whlch was unrestricted income. Total expenditure for the perfod ended 31 March 2024 was £31,933 re5ultin9 in a net 1CoMe posltlon at the period end of Ell,499. Unrestrrrted reseNes at 31 March 2024 were £11,499, and there We no restricted reserves. The overall funds position for the charity at 31 March 2024 was £11,499. Jt Is the policy of the ChatY to maintain unrestrirted funds, whlch are the free reserves of the charlty, at level which equates to approximately six months unrestrlcted expendlture. Thls provlde5 sufficient funds to cover management, administration and support Costs. Statement of Trustees. Responsibilitieg The Trustees are responslble for preparing the Trustees. Report and the financial statements in accordance with appllcable law and Unlted Klngdom Accountlng Standards Iunlted Kingdom Generalty Accepted Accounting Practice). The law appllcable to charities In England & Wales requires the trustees to prepare flnanclal statements for each financial year whlch give a true and falr view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that pe0d. In pparIng these financial statements, the trustees are required to.. Selert suitable accounting pollcles and then apply conslstenly; Observe the methods and principle5 in the Charltles SORP,. Make Judgements and estimates that are reasonable and prudent; State whether appllcable accounting standards have been followed, subject to any materlal departures di5c105ed and explained in the financlal statements; and Prepare the financlal statements on the going concern basis unless it is inappropriate to presume that the chaty will contlnue Its attivities.
C3 Sunderland Trustees. Annual Report (contlnued) Perlod ended 31 March 2024 The trustees are responsible for keeping adequate accountlng records that disclose with reasonable accuracy at any tlme the financial position of the charityi and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charity (Accounts and Report51 RegulalSons, and the provisions of the charities governing document. They are also responsible for safeguarding the assets of the charity and tsklng reasonable steps for the prevention and detettion of fraud and other irregularitles. The trustees. annual report was approved on 23 December 2024 and slgned on behalf of the board of trustees by.. l J Harding Trustee, Chair
C3 Sunderland Independent Examiner's Report to the Trustees of C3 Sunderland Period ended 31 March 2024 I report to the trustees on my examination of the financlal statements of C3 Sunderland ('the charity,) for the period ended 31 March 2024, which are set out on pages 6 to 12. Responslbllities and basis of report As the trustees of the charity, you are responslble for the preparation of the financial statements in accordance with the requlrements of the Charities Act 2011 I'the Art.). I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrylng out my examination, I have followed all the applicable dlrections given by the Charity Commission under section 145(51(b) of the 2011 Act. Independent examiner's slatement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect-. the accounting record5 were not kept in respett of the charity as required by section 130 of the the financial statements do not accord with those accountfng records,. or the financlal statements do not comply with the applicable requlrements concerning the form and content of the flnanual statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financlal statements glve a 'true and fair, vlew which Is not a matter considered as part of an independent examinatlon. I have no concems and have come acros5 no other matters In connection wlth the examlnation to which attention should be drawn In this report In order to enable a proper understandlng of the financlal stat ents to be reached. Peter Alexander Bsc Stephenson Coates Llmited West 2, Asama Court Newcastle Business Park Newcastle upon Tyne NE4 7YD 23 December 2024
C3 Sunderland Statement of Flnancial Activities (incorporating the Income and expenditure a¢¢ount) Period ended 31 March 2024 2024 Unrestritted funds rotal funds Note Income Donatlofts and glfts Income from charltable acuvities 41,184 2,248 41,184 2,248 Total Income Exptnditure Charitable activStSes 31,933 31,933 Total expendlture Nèt incomlng rèsources and net movement in funds Reconclliation of funds Total funds brought forward Total funds carried fonvard 13, 14 The statement or financial activltles includes all gains and losses recognlsed In the year. All income and expenditure derlve from continulng actlvits'es. rhe notes ort pages 8-12 form part of these financlal statements.
C3 Sunderland Balance Sheet 31 March 2024 2024 Note Current assets Debtors Cash at bank and in hand li 2,703 12,734 Creditors: amount$ falling due wlthln one year 12 Net current assets 11,499 Total assets 1&5 current liabilitiès 11,499 Net assets Funds of the ¢harlty Unrestricted funds 11,499 Total charlty funds 13, 14 These financial statements were approved by the board of trustees and authorised for issue on 23 December 2024, and are signed on behalf of the board by: l J Hardlng Trustee, Chair The notes on pages 8-12 form part of these flnanclal statements.
C3 Sunderland Notes to the Finandal Statements Period ended 31 March 2024 Gen¢ral informatlon The charity is a reglstered charity in England and Wales and Is a charitable Sncorporated org3ni5ation (charlty number 1202027 and company number CE031462). The address of the principal offlce is 13 Hawarden Crescent, Sunderland, SR4 7NQ. statement of compllance These fSnancial statements have been prepared in compliance with FRS 102, The Financlal Reportlng standard applicable in the UK and the Republic of Ireland,, the Statement of Recomrnended Practice applicable to charities preparlng their account5 in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (Charlties SORP (FRS 102)) and the Charltles Art 2011. The charity meets the definition of a public beneflt entity under FRS 102. Accounting policles Basis of preparation The financial statements have been prepared on the hlstorical cost basis. The financlal statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these flnancial statements are rounded to the nea$t £. Going concern At the tirne of approving the flnanclal statements, the trustees have a reasonable expectation that the charity has adequate resources to continue In operational existence for the foreseeable future. The trustees are confSdent that the charity has sufficient working capital to meet its liabilltles as they fall due for a period of at least 12 months from the date of approval of the financial statements. Therefore, the trustees contlnue to adopt the going concern basls of accounting In preparing the financial statements. Judgements and key sources of ¢5timatlon uneertalnty The preparation of the financial statements requlres management to make jL*dgements, estimate5 and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectstlons of future events that are believed to be reasonable under the circumstances. There are no key source5 Qf estimation uncertainty to report that have a significant risk of causing a rnateal adjustment to the fSnanclal statements. Fund accountlng Unrestricted funds are available for use at the dlscretion of the trustees to further any of the Charity, purposes. Deslgnated funds are unrestritted funds earmarked by the trustees for partlcular future projects or commitments. Restrlrted funds are subjected to restriction5 on thelr expenditure declared by the donor or throu9h the terms of an appeal, and fall into one of two sub-classes.. restricted income funds or endowment funds.
C3 Sunderland Notes to the Financial Statements (contlnued) Perlod ended 31 March 2024 Incomlng resources All incoming resources are included in the statement of financlal actlvities when entitlement has passed to the charity,. it is probable that the economic benefits associated with the transactlon will flow to the charity and the amount can be rellably rneasured. The following specific policies are applied to particular categories of income.. Cash donations are recognlsed on receipt. other donations are COgniSed when there Is evidence of entitlement to the gift, ceIpt is probable and its amount can be measured rellably. Income tax recoverable in relation to donations received under Glft Ald or deeds of covenant is recognised at the time of the donation. Resources expended Expenditure Is recognised on an accruals bèsi5 as a Ilabllity is Incurred. Expenditure includes VAT, and is classified un(ler headlngs of the ststement of financial activSties to which it relates.. Expenditure on charitable artivities includes all costs incurred by a charfty In undertakSng activities that further its charltable aims for the benefit of its benefiCiae$, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. All costs are allocated to expenditure categorles reflectlng the use of the resource. Direct costs attrlbutable to a single activity are allocated directly to that activity. Shared costs are apportloned between the activities they contribute to on a reasonable, justtffable and conslstent basis. Financial instruments A financial asset or a financial liability is recognised only when the entity becomes a party to the contrattual provislons of the instrument. Basic flnèncial instruments are inltially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement tonstitutes a financlng transaction, where it is recognSsed at the present value of the future payments discounted at a market rdte of interest for a similar debt Instrument. Current assets and current liabilrknes are subsequently measured at the cash or other consideration expetted to be paid or received and not dlscounted. Debt Instruments are subsequently measured at amortised cost. Financlal assets that are measured at C05t or amortlsed cost are revlewed for objective evldence of impairment at the end of each reportlng date. If the is objective evidence of impalrment, an impaiment loss is recognlsed under the appropriate heading in the statement of financial activitie5 in whlch the initlal galn was reeognised. Any reversals of impairment ère recognised immediatelyi to the extent that the reversal does not result in a carrying amount of the financial asset that excee<J5 what the carrying amount would have been had the Impairment not previously been recognised. Voluntary assistance Time Is expended on th¢ tharity's attivities and governance whSch 15 donated free of charge. It Is impractical to quantify the value of the time given, and accordlngly it Is nelther recorded as donated income nor a5 an expense in the financlal statements. Flrst yoar accounts C3 Sunderland present thelr financial statements for the first reportlng perlod srnce establishlng. The period of account to which these financlal statements relate is 21 February 2023 - 31 March 2024. There are no prior year comparative figures to report.
C3 Sunderland Note5 to the Financial Statements (continued) Perlod ended 31 March 2024 Donatlons and gifts Vnrestricted Funds Total Funds 2024 Donatlons and glfts In¢ome from charitable actlvities Unrestrirted Funds Total Funds 2024 Income from away days Expenditure on charltable actlvltles by fund type Unrestrlcted Funds rotal Funds 2024 Bank charges Donations Insurance Office costs Prlntlng, postage and stationery Professional and licence fees Rent staff costs Staff tralnlng Subscrlptlons, software and computer costs Travel, meals and accommodation 45 3,153 454 3,238 581 1,674 10,585 6,216 542 1,622 45 3,153 454 3,238 581 1,674 10,585 6,216 542 1,622 Expenditure on charitable adivities by a¢tivity type Activitles undertaken directly Support costs Total Funds 2024 Bank charges Donations Insurance Office costs Printing, postage and statlonery Professional and licence fees Rent Staff costs Staff training Subscriptions, software and computer costs Travel, meals and accommodation 45 3,153 454 3,238 581 474 10,585 6,216 542 1,622 45 3,153 454 3,238 581 1,674 10,585 6,216 542 1,622 1,200 io-
C3 Sunderland Notes to the Financial Statements (continued) Perlod ended 31 Mah 2024 Net incomlng resources are stated after charging: 2024 Fees payable to the independent examiner for.. Independent examination and preparation of the financial statements 1,200 Staff Costs 2024 Wages and salarfes Employer's soclal security costs PensSon costs 6,035 181 No employee received remuneratlon of more than £60,000 during the period. The average number of employees during the period was l. The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those or the charity in an independently administered fund. The employer's pension cost represent contributions payable by the charity to the fund and amount to £181. 10. Trustee remuneratlon and expenses The trustees are considered to be the Key management personnel of the Charity. No remuneration or other benefits from employment with the Charity or a related entity were CeIved by the trustees. During the year £Nil was reimbursed to Trustees for expenses relating to travel, accommodatlon and sub51Stence. 11. Debtors: amounts falling due within one year 2024 other debtors Prepayments and accrued Income 280 2,423 12. Credltors: amounts falling due wlthin one year 2024 Other cdItOrS Accruals and deferred income 35 13. Analysls of charltable funds Vnrestrlcted funds At21 February 2023 At 31 March 2024 Income Expenditure Transfer General funds Purpose of unrestricted funds Genera5 funds The'free reserves, of the charlty li
C3 Sunderland Notes to the Financial Statements (continued) Period ended 31 March 2024 14. Analysls ot net assets between funds Unrestrtrted Funds Total Funds 2024 Current assets Creditors less than l year Net assets 12,734 12,734 15. Related party transaction5 Trustees and close relatlves have privately glfted funds to the Charity of £9,510 during the period. A famlly member of a Trustee Is employed by the Charity and has received remuneration of £6,035. 12-