# **Annual Report**
**2023 2024**
gee Ae ea. SN a Champion of Sunderlands ge iy"Mele A toll ul) shy | Bo Rae, a es Independent VCSE Sector . Asds / 4ry We ye ‘ r ‘ ay we 2 **VOLUNTARY AND COMMUNITY ACTION SUNDERLAND**
Page 01
## **VCAS 2024**
## **Letter from the CHAIR**
**Covering the period from April 2023 to March 2024.** As Chairman of VCAS over the last 12 month period, I would initially like to thank our funders, trustees, staff and volunteers for their continued support and hard work. Secondly I would like to thank our members, now at 378 for their continued support. It is encouraging to see how our members engage with the services and resources we provide. We are as always led by our members on what services are needed and how we can support VCSE organisations to be more resilient and provide the resources and support that are needed in communities across the city. Thank you!
Page 02
## **VCAS Introduction**
## **VCAS Mission**
## Vision
## **Mission**
VCAS are dedicated to supporting and promoting an inclusive, equitable, resilient and vibrant Voluntary Community and Social Enterprise Sector (VCSE) for Sunderland and the local communities they serve.
_**“To achieve positive community development by supporting stronger communities and transforming lives through community-led action”**_
**ENGAGE** : Enable all of the VCSE Sector to have the opportunity to engage, develop and improve services.
We actively enable the diverse VCSE sector in Sunderland to have opportunities for support, collaboration and ongoing organisational development enabling resilience and sustainability.
**INSPIRE:** A stronger VCSE Sector that is based on good practices that help to build from the ‘bottom-up’
**EMPOWER:** Provide representation to improve equity and equality across the sector, to support and influence real change.
Page 03
## **VCAS 2024 Highlights**
## **VCAS HIGHLIGHTS**
At the heart of VCAS are its members and the support they need to thrive and development for the benefit of the community.
VCAS has increased its membership in 2024 and have through staff developments been able to offer much needed additional support and opportunities to the VCSE Sector across Sunderland. Our ambition moving forward is to offer even more opportunities next year and help those organisations thrive.
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240
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378
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**VCAS MEMBERS ENGAGED**
**VCSE SECTOR ORGNAISATIONS SUPPORTED**
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65
125
VCSE SECTOR
VCSE SECTOR
ORGANISATIONS
ORGABISATIONS
ATTENDED
ACCESSED TRAINING
FUNDERLAND & FUNDER
EVENTS
**----- End of picture text -----**
Page 04
## **VCAS 2024 Highlights**
## **VCAS HIGHLIGHTS**
**Funding and other VCSE Sector Support**
These activities and figures directly related to our funding support, which includes 1:1 support, outreach and organised events with funders. The funding officer worked with 85 organisations, supporting funding applications and funding strategies for organisations. These groups were supported through: 1:1 and group funding appointments Outreach and drop in sessions across the City £150k was secured for VCSE Sector organisations community groups
60 local VCSE Organisations were provided with opportunities to meet the The National Lottery Community Fund, The Community Foundation, Coalfields Regeneration Trust and BBC Children in Need, benefitting from the funding information sessions.
Other work with VCS groups has included; governance support, developing a funding strategy, improving their organisational structure, having the correct policies in place and planning for their long term sustainability.
8 new groups have received support and advice on setting up their group, writing a constitution and putting safeguarding procedures in place for their organisation so they can start to raise funds for their work in the community.
**VCAS Partnership Highlights** Page 05 _VCAS have supported VCSE Sector_ **Mackem Money** _organisation's to access new grant_ 40 Sunderland Organisations received funding through the Community _making programmes that targeted_ Foundations Participatory Grant Making **£137,000** _small voluntary groups at the heart_ Programme _of community engagement._ ee @ **The Ballinger Trust** 15 Small VCSE Sector organisations **£10,000** received funding **Other funding** VCAS have help to secure additional funding for groups across the city **£400,000** ee ,
40 Sunderland Organisations received funding through the Community Foundations Participatory Grant Making Programme
15 Small VCSE Sector organisations received funding
Page 06
## **VCAS Performance Review**
## **Volunteering Partnerships**
## **Sunderland Assiciation Football Club - SAFC Northern Housing Consortium**
# **70 new volunteering opportunities**
Page 07
## **VCAS Performance Review**
## **UK Research Innovation**
## **COMMUNITY RESEARCH NETWORK**
VCAS were one of only 25 organisations across the UK to secured research funding to consider a new community research network that could implement an effective 'bottom-up’, community driven methodology that values the community’s ‘authentic voice’ for those often overlooked, marginalised or even invisible.
This was an opportunity to consider a secondary funding application., where communities were at the heart of the development of a new CRN, and to co-create effective tools to develop a framework for change and new learning. This proposal was to enable the ‘reversal of the telescope’ that would enable VCSE organisations to impact policy and decision makers; creating new effective mechanisms for meaningful community change and sustainability.
## **The East End**
## **7 Partners**
**£50,000** spanning two financial years
## **VCAS Performance Review**
Page 08
Supporting Ukrainian Refugees and other displaced people in Sunderland
## **NAVCA Ukrainian Refu ee Fund g**
The objective of this project was to:
- •Build capacity and capability in communities
•Enhance community cohesion and integration through developing stronger links •Improved relationships and stronger cross sector collaboration between VCS and statutory bodies
This initial research worked with Sunderland for Ukrainians (SfU International Community Organisation of Sunderland (ICOS); Young Asian Voices (YAV) Friends of the Drop In (FODI);Hope Vineyard Sunderland Church Sunderland Black and Minority Ethnic Network who have 10-member organisations.; North East Business and Innovation Centre, to identify need and co-produce an Implementation Plan. Other agencies contacted included: Sunderland City Council; Sunderland Connect Network; Integrated Care Services; Erasma Group; Vonne Health Network; Chris Howson – Interfaith Forum; Sunderland Community Soup Kitchen; Swan Lodge and NERAF – addiction support. This programme of work was an initial development to support a new strategy for cohesion going forward.
## **19 Organisations Identified**
**9 Participating organisations**
**£8,822** Awarded
## **VCAS Performance Review**
## **THE OPEN ARMS AWARDS 2023**
_VCAS Open Arms Awards is a real opportunity to show case and celebrate the VCSE Sector in Sunderland and the phenomenal impact it has on all of the communities we live in._
Page 09
## **415 Nomination**
## **37,000 Votes 22 VCSE AWARDS**
## **2024 Highlights: VCSE Sector -Taking The Temperature**
Page 10
VCAS is dedicated and committed to providing resources and support to its members that will enable their organisations to thrive and develop. VCAS has build on previous information form the Taking The Temperature surveys and ongoing evaluation to understand sector needs and develop appropriate engagement and training opportunities. This year was no exception!
Over the last year VCAS has worked alongside its members to nurture their success and provide appropriate services. Over 240 VCSE sector organisations in Sunderland have accessed many of those services.
71%
## **Networking**
## **Funding advice**
## **Funding applications and strategies**
**Funding & financial surgeries Governance, trusteeship and board development Accountancy support**
## **Financial systems**
**Increase in demand for services**
**Training**
## **Social Impact**
Page 11
VCAS conduct an annual survey of Sunderland's VCSE Sector, known as ‘Taking The Temperature.’ This Survey has been undertaken since 2015 to help provide a consistent snapshot about the state f the sector. This year 49 organisation responded an increase of 1 from 2023.
## **Organisational Structures**
**----- Start of picture text -----**
6.25%
Other (please specify) Unregistered Charity
Interest Company 6.25%
8.33%
Company
10.42%
Incorporated
- Foundation
8.33%
Incorporated Registered
- Association
58.33%
2.08%
**----- End of picture text -----**
Of the 49 organisations that responded to the survey 48 answered this question. Just over 58% were registered charities operating across Sunderland and the outlying districts. This was a 28% increase from last years survey. In contrast only 8.33% of CICs responded, which was a decrease of over 25%. It should be noted that a number of organisations are seeking advice and support about governance and legal structures. Many of the CICs that have sought support from VCAS are looking at either the potential to transfer to a CIO or operate other models more appropriate for their operations and activities. It should also be noted that following many challenges, charities are consolidating their efforts and re-engaging at a number of levels to meet growing community need.
## **Social Impact**
Page 12
As VCSE Sector organisations across Sunderland have responded throughout the year and adapted to various challenges. WE note that as always despite the challenges these organisatons face, many increase delivery to meet increase in demand.
## **Meeting The Community Needs**
Of the 49 organisations that responded to the survey 39 answered this question about the demand for their services.
72% of those organisations had seen an increase in demand of their services. This shows a consistent trend across both 2023 and 2024. In their responses the primary driver was the continuing impact cost of living crisis
Approximately 26% saw no change, with only 2.5 % seeing a decrease in demand for services.
_“We have seen more of a need for community support, more of a need for support with the cost of living crisis”._
_“We have started to support more older people who are unemployed or looking to do volunteering to improve their skills and confidence”_
## **Social Impact**
## Income in the last 12 month period for VCSE Sector Organisations
Of the 49 organisations who responded, 39 answered this question.
25.6% of those that responded had an income of between £250k-£500k. This response showed over 20% increase in those organisations responding within this income bracket . Interestingly,
those organisations reporting in the £50k-£100k nearly doubled. While those at lower end under £10k fell by 10%
Page 13
## **Impact on Organisational Income**
From the period 2023 t0 2024, the survey results suggest that the impact on organisational income, whether that is an increase, decrease or remains the same, seems to have stabilized. These consecutive surveys are showing consistent results, which suggest the VCSE sector is beginning to navigate out of the previous challenges of the pandemic and Brexit, whilst still navigating increases in demand on services due to ongoing cost of living crisis.
## **Future Proofing**
Page 14
VCAS are dedicated to understanding the needs of the sector enabling those organisation to respond effectively to community need. Those that responded identified 81 categories . These included the following:
## **FUNDING:**
Funding is always one of the key issues that affect organisations. Not surprisingly this came out L strongest. It included issues around core funding, long term staff costs, financial responsibilities for assets. This all has an impact on the future proofing of an organisation and long term planning
## **VOLUNTEERS:**
This area continues to be a challenge for many organisation following the pandemic. Many organisations identified recruitment and retainment of volunteers to support thier organisations and services. They also noted a need for younger volunteers and developing a leadership programme.
## **RISING PRICES:**
Not surprisingly the increase in core costs, energy process and the overall increase in services and demand has an a impactful affect on an organisation’s cost calculations
Page 15
## **Future Proofing**
VCAS are dedicated to understanding the needs of the sector enabling those organisation to respond effectively to community need. Those that responded identified a number of areas . These included:
## **GOVERNANCE AND LEGAL COMPLIANCE:**
The challenges for organisations are ongoing as they need to refresh and review all their L policies and procedures and try and ensure best practice for their organisations. This includes the right legal structure .
## **MARKETING AND RECOGNITION:**
Many of the organisations we work with an so busy delivering and supporting service users, often consistent marketing and promotion gets left behind. However having a consistent presence is a valuable commodity for your users and for funders.
**DEMONSTRATING IMPACT:** Not surprisingly organisations sometimes struggle with showing and effectively measuring the impact of their work.
## **Performance Review**
Page 16
## Statement of Accounts
## **Expenditure £84,679** S o **Income £55,212**
## **Assets £102,208**
## Connect With Us
> **Website** www..vcas2020.org.uk
> **E-mail** info@vcas.org.uk
> **Phone** 01915651566 **Address** 15 Norfolk Street, Sunderland SR1 1EA
Thank you to all our partners and funders who have supported and worked with us to meet the needs of our VCSE Sector organisations in Sunderland
# **VOLUNTARY AND COMMUNITY ACTION SUNDERLAND (A Company limited by Guarantee)**
**Directors Report and Financial Statements For the period 1[st] April 2023 – 31[st] March 2024 Company No. 01759477 Charity No. 702930**
_Prepared By:_
Julie Maxwell MICB JM Bookkeeping 11 Edith Street Jarrow NE32 5HS
**1 |** P a g e
## **Legal and Administrative**
## **Registered office address**
15 Norfolk Street Sunderland Tyne and Wear SR1 1EA
## **Company Number: 01759477**
## **Charity Number: 702930**
## **Officers**
J Hilton Chair S Armstrong Vice Chair R Bikaya K Lowe K Ramanathas P Brigham (appointed 23[rd] November 2023) A Cummings (appointed 20[th] November 2023) A Lowery (appointed 10[th] February 2024) K Stabler (resigned 5[th] December 2023) M Bulmer (resigned 20[th] November 2023)
## **Bankers**
Unity Trust
**2 |** P a g e
The directors for the purposes of company law have pleasure in presenting their report and the unaudited financial statements of Voluntary and Community Action Sunderland (The Company) for the period ended 31[st] March 2024
## **Principle Activity**
To support voluntary and community sector organisations which reside or operate in the City of Sunderland and its immediate surrounding area (hereinafter called "the area of benefit") so that they can function more effectively.
To promote any charitable purposes for the benefit of the community, in the area of benefit and in particular the advancement of education, sport and leisure, the protection of health and the relief of poverty, distress and sickness.
To promote and organise co-operation in the achievement of the above purposes and to that end bring together representatives of the voluntary organisations and statutory authorities with the area of benefit.
## **Statement of trustee’s responsibilities**
The charity trustees are responsible for preparing a trustees’ annual report and financial
statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the charity trustees to prepare financial statements for each year which 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 group for that period. In preparing the financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently.
- observe the methods and principles in the Charities SORP (Statement of Recommended
- Practice);
- make judgements and estimates that are reasonable and prudent.
- state whether applicable UK accounting standards have been followed, subject to any
- material departures disclosed and explained in the financial statements.
- prepare the financial statements on the going concern basis unless it is inappropriate to
- presume that the charity will continue in business.
- The trustees are responsible for keeping proper accounting records that disclose with
- reasonable accuracy at any time the financial position of the charity 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 charity and the group and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Approved On behalf of the board
Director Signature …… ………
Name ……Stephen Armstrong
**3 |** P a g e
Date ……4[th] December 2024
## **Independent Examiners Report**
I report on the financial statements of The Company for the period ended 31[st ] March 2024.
## **Independent Examiners Statement**
In connection with my examination, no matter has come to my attention:
- (1) Which gives me reasonable cause to believe that, in any material respect, the requirements:
- i. To keep accounting records in accordance with section 386 of the Companies Act 2006; and
- ii. To prepare accounts which accord with the accounting records and comply with the accounting requirements of section 396 of the Companies Act 2006 and in accordance with the Financial Reporting Standard for Smaller Entities (the FRSSE) (effective January 2015);
- (2) To which, in my opinion, attention should be drawn in order to enable to proper understanding of the accounts to be reached.
Signed Date 19/11/2024
Julie Maxwell – MICB - Independent Examiner
JM Book keeping 11 Edith Street Jarrow Tyne and Wear NE32 5HS
This page does not form part of the statutory financial statements
**4 |** P a g e
## **Income and Expenditure Account**
## **Period ending 31/03/2024**
|**Income**|**Restricted**|**Unrestricted**|**Total 2024**|**Total 2023**|
|---|---|---|---|---|
||£|£|£|£|
|Grant Income|||||
|Community Foundation|10,000||10,000|15000|
|Other|1,724||1,724||
|James Knott|7,000||7,000||
|Ballinger Trust|12,500||12,500|7000|
|NAVCA|8,822||8,822||
|UKRI Grant|15,166||15,166||
|Other Trading Activity|0||0|62|
|Bank Interest|0||0|1724|
|**Total Income**|**55,212**|**0**|**55,212**|**23,786**|
|**Expenditure**|||||
|Staff Salaries|43,121|0|43,121|39,584|
|Repayments|2,100|0|2,100|1,736|
|Project Costs|9,580|0|9,580|1,348|
|Insurance|292|0|292|302|
|Utilities|1,332|0|1,332|1,286|
|Consultancy|15,520||15,520|0|
|Office Costs|10,496|0|10,496|6,962|
|Alarms / Maintenance|0|0|0|358|
|Subs|84||84|267|
|Travelling|170|0|170|0|
|Accounts|651|0|651|350|
|Depreciation|||0|24,635|
|BankCharges|1,334|0|1,334|72|
|**Total Expenditure**|**84,679**|**0**|**84,679**|**76,901**|
|Surplus/(deficit) for year|-29,467|0|-29,467|-53,115|
|Opening Reserves|130,344|0|130,344|183,449|
|**Closing Reserves**|**100,877**|**0**|**100,877**|**130,334**|
**5 |** P a g e
## **Statement of Financial Position – Voluntary and Community Action Sunderland – period ended 31/03/2024**
||**2023 2024**|**2023 2024**|**2022 2023**|
|---|---|---|---|
||**£**|**£**|**£**|
|**Fixed Assets**||||
|Tangible Assets||||
|Depreciation||0||
|**Current Assets**||||
|Unity Current Account|102,208||130,684|
|||102,208|130,684|
|Debtors||||
|**Total Assets**||**102,208**|**130,684**|
|**Current Liabilities**||||
|Accruals|1,341||350|
|||1,341|350|
|**Current Assets less**||100,867|130,334|
|**Current Liabilities**||||
|**Net Assets**||**100,867**|130,334|
|**_Represented by:_**||||
|Profit and Loss Account 31/03/2024|-29,467||-53,115|
|Funds C/fwd.|130,334||183,449|
|**Balance as at**||||
|**01/04/2024**||**100,867**|130,334|
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 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.
Approved by the Board for issue on 4[th] December 2024…………………..
Director Name …Alan Cummings……. Director Signature ………
**6 |** P a g e
Company No. 01759477
## Notes
## **1. Accounting Policies**
## **1.1 Accounting Convention**
The financial statements have been prepared under the historical cost convention and in accordance with the special provisions of Part 15 of the Companies Act 2006 and the Financial Reporting Standard for Smaller Entities (effective April 2008)
## **1.2 Income**
Income from fees is recognised in the accounts when invoiced unless it relates to future accounting periods, in which case it is deferred and included in creditors
Grants / Income receivable are credited to incoming resources on the earlier date of when they are received or when they are receivable, unless they relate specifically to a future accounting period, in which case, they are deferred.
Where a grant is received relating to a future accounting period, the profit and loss account shows the gross amount together with the changes in the amount deferred to future accounting periods. Deferred grant income at the year-end is included in creditors.
## **1.3 Expenditure**
Expenditure is brought in to the financial statements on the accruals basis
## **1.4 Tangible fixed assets and depreciation**
Fixed Assets are initially recorded at cost
Depreciation is calculated so as to write off the cost of the assets, less its estimated residual value, over the useful economic life of that asset as follows:
20% straight line
## **2 Operating Loss**
**2024 £** Operating Profit is stated after charging: (29,467)
Depreciation of owned fixed assets 0 (29,467)
**7 |** P a g e
|**3 Taxation on ordinary activities**
**Current Tax**
Tax based on period 31st March 2022
Amount written back from previous period
Tax Charge to Income and Expenditure
**4 Tangible Fixed Assets**
Net Book Value on transfer
Additions in period
Cost at 31stMarch 2023
Depreciation
Sale of Fixed Asset
Total as at 31stMarch 2024
Net Book Value
At 1stApril 2024|**2024**
**£**
0
0|
|---|---|
||0|
||£
0
0
0
0
0
0|
|**5 Debtors:**
**6 Creditors: falling due in one year**
**Trade Creditors**
Accruals - Accounts
Accruals - other|**2024**
£ 0|
|---|---|
||£ 0|
||**2024**
**£**
350
991|
1,341
**8 |** P a g e
|**7. Funds**
Opening Balance
Decrease in Assets
Balance carried forward|**2024**
£
130,334
(29467)|
|---|---|
||100,867|
**9 |** P a g e
# **VOLUNTARY AND COMMUNITY ACTION SUNDERLAND (A Company limited by Guarantee)**
**Directors Report and Financial Statements For the period 1[st] April 2023 – 31[st] March 2024 Company No. 01759477 Charity No. 702930**
_Prepared By:_
Julie Maxwell MICB JM Bookkeeping 11 Edith Street Jarrow NE32 5HS
**1 |** P a g e
## **Legal and Administrative**
## **Registered office address**
15 Norfolk Street Sunderland Tyne and Wear SR1 1EA
## **Company Number: 01759477**
## **Charity Number: 702930**
## **Officers**
J Hilton Chair S Armstrong Vice Chair R Bikaya K Lowe K Ramanathas P Brigham (appointed 23[rd] November 2023) A Cummings (appointed 20[th] November 2023) A Lowery (appointed 10[th] February 2024) K Stabler (resigned 5[th] December 2023) M Bulmer (resigned 20[th] November 2023)
## **Bankers**
Unity Trust
**2 |** P a g e
The directors for the purposes of company law have pleasure in presenting their report and the unaudited financial statements of Voluntary and Community Action Sunderland (The Company) for the period ended 31[st] March 2024
## **Principle Activity**
To support voluntary and community sector organisations which reside or operate in the City of Sunderland and its immediate surrounding area (hereinafter called "the area of benefit") so that they can function more effectively.
To promote any charitable purposes for the benefit of the community, in the area of benefit and in particular the advancement of education, sport and leisure, the protection of health and the relief of poverty, distress and sickness.
To promote and organise co-operation in the achievement of the above purposes and to that end bring together representatives of the voluntary organisations and statutory authorities with the area of benefit.
## **Statement of trustee’s responsibilities**
The charity trustees are responsible for preparing a trustees’ annual report and financial
statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the charity trustees to prepare financial statements for each year which 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 group for that period. In preparing the financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently.
- observe the methods and principles in the Charities SORP (Statement of Recommended
- Practice);
- make judgements and estimates that are reasonable and prudent.
- state whether applicable UK accounting standards have been followed, subject to any
- material departures disclosed and explained in the financial statements.
- prepare the financial statements on the going concern basis unless it is inappropriate to
- presume that the charity will continue in business.
- The trustees are responsible for keeping proper accounting records that disclose with
- reasonable accuracy at any time the financial position of the charity 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 charity and the group and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Approved On behalf of the board
Director Signature …… ………
Name ……Stephen Armstrong
**3 |** P a g e
Date ……4[th] December 2024
## **Independent Examiners Report**
I report on the financial statements of The Company for the period ended 31[st ] March 2024.
## **Independent Examiners Statement**
In connection with my examination, no matter has come to my attention:
- (1) Which gives me reasonable cause to believe that, in any material respect, the requirements:
- i. To keep accounting records in accordance with section 386 of the Companies Act 2006; and
- ii. To prepare accounts which accord with the accounting records and comply with the accounting requirements of section 396 of the Companies Act 2006 and in accordance with the Financial Reporting Standard for Smaller Entities (the FRSSE) (effective January 2015);
- (2) To which, in my opinion, attention should be drawn in order to enable to proper understanding of the accounts to be reached.
Signed Date 19/11/2024
Julie Maxwell – MICB - Independent Examiner
JM Book keeping 11 Edith Street Jarrow Tyne and Wear NE32 5HS
This page does not form part of the statutory financial statements
**4 |** P a g e
## **Income and Expenditure Account**
## **Period ending 31/03/2024**
|**Income**|**Restricted**|**Unrestricted**|**Total 2024**|**Total 2023**|
|---|---|---|---|---|
||£|£|£|£|
|Grant Income|||||
|Community Foundation|10,000||10,000|15000|
|Other|1,724||1,724||
|James Knott|7,000||7,000||
|Ballinger Trust|12,500||12,500|7000|
|NAVCA|8,822||8,822||
|UKRI Grant|15,166||15,166||
|Other Trading Activity|0||0|62|
|Bank Interest|0||0|1724|
|**Total Income**|**55,212**|**0**|**55,212**|**23,786**|
|**Expenditure**|||||
|Staff Salaries|43,121|0|43,121|39,584|
|Repayments|2,100|0|2,100|1,736|
|Project Costs|9,580|0|9,580|1,348|
|Insurance|292|0|292|302|
|Utilities|1,332|0|1,332|1,286|
|Consultancy|15,520||15,520|0|
|Office Costs|10,496|0|10,496|6,962|
|Alarms / Maintenance|0|0|0|358|
|Subs|84||84|267|
|Travelling|170|0|170|0|
|Accounts|651|0|651|350|
|Depreciation|||0|24,635|
|BankCharges|1,334|0|1,334|72|
|**Total Expenditure**|**84,679**|**0**|**84,679**|**76,901**|
|Surplus/(deficit) for year|-29,467|0|-29,467|-53,115|
|Opening Reserves|130,344|0|130,344|183,449|
|**Closing Reserves**|**100,877**|**0**|**100,877**|**130,334**|
**5 |** P a g e
## **Statement of Financial Position – Voluntary and Community Action Sunderland – period ended 31/03/2024**
||**2023 2024**|**2023 2024**|**2022 2023**|
|---|---|---|---|
||**£**|**£**|**£**|
|**Fixed Assets**||||
|Tangible Assets||||
|Depreciation||0||
|**Current Assets**||||
|Unity Current Account|102,208||130,684|
|||102,208|130,684|
|Debtors||||
|**Total Assets**||**102,208**|**130,684**|
|**Current Liabilities**||||
|Accruals|1,341||350|
|||1,341|350|
|**Current Assets less**||100,867|130,334|
|**Current Liabilities**||||
|**Net Assets**||**100,867**|130,334|
|**_Represented by:_**||||
|Profit and Loss Account 31/03/2024|-29,467||-53,115|
|Funds C/fwd.|130,334||183,449|
|**Balance as at**||||
|**01/04/2024**||**100,867**|130,334|
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 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.
Approved by the Board for issue on 4[th] December 2024…………………..
Director Name …Alan Cummings……. Director Signature ………
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Company No. 01759477
## Notes
## **1. Accounting Policies**
## **1.1 Accounting Convention**
The financial statements have been prepared under the historical cost convention and in accordance with the special provisions of Part 15 of the Companies Act 2006 and the Financial Reporting Standard for Smaller Entities (effective April 2008)
## **1.2 Income**
Income from fees is recognised in the accounts when invoiced unless it relates to future accounting periods, in which case it is deferred and included in creditors
Grants / Income receivable are credited to incoming resources on the earlier date of when they are received or when they are receivable, unless they relate specifically to a future accounting period, in which case, they are deferred.
Where a grant is received relating to a future accounting period, the profit and loss account shows the gross amount together with the changes in the amount deferred to future accounting periods. Deferred grant income at the year-end is included in creditors.
## **1.3 Expenditure**
Expenditure is brought in to the financial statements on the accruals basis
## **1.4 Tangible fixed assets and depreciation**
Fixed Assets are initially recorded at cost
Depreciation is calculated so as to write off the cost of the assets, less its estimated residual value, over the useful economic life of that asset as follows:
20% straight line
## **2 Operating Loss**
**2024 £** Operating Profit is stated after charging: (29,467)
Depreciation of owned fixed assets 0 (29,467)
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|**3 Taxation on ordinary activities**
**Current Tax**
Tax based on period 31st March 2022
Amount written back from previous period
Tax Charge to Income and Expenditure
**4 Tangible Fixed Assets**
Net Book Value on transfer
Additions in period
Cost at 31stMarch 2023
Depreciation
Sale of Fixed Asset
Total as at 31stMarch 2024
Net Book Value
At 1stApril 2024|**2024**
**£**
0
0|
|---|---|
||0|
||£
0
0
0
0
0
0|
|**5 Debtors:**
**6 Creditors: falling due in one year**
**Trade Creditors**
Accruals - Accounts
Accruals - other|**2024**
£ 0|
|---|---|
||£ 0|
||**2024**
**£**
350
991|
1,341
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|**7. Funds**
Opening Balance
Decrease in Assets
Balance carried forward|**2024**
£
130,334
(29467)|
|---|---|
||100,867|
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