TH3 SUN CIC

Company Registration Number:
12528455 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 1 April 2022

End date: 31 March 2023

TH3 SUN CIC

Contents of the Financial Statements

for the Period Ended 31 March 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

TH3 SUN CIC

Directors' report period ended 31 March 2023

The directors present their report with the financial statements of the company for the period ended 31 March 2023

Principal activities of the company

Th3 Sun CIC was set up to transform women’s lives through housing, support and employment opportunities.



Directors

The directors shown below have held office during the whole of the period from
1 April 2022 to 31 March 2023

Lynn Dorcas Chisadza
Iain S Waddington
Taisekwa K Makombe
Tarirai V Moyo


The director shown below has held office during the period of
1 April 2022 to 17 October 2022

Jenipher Mutambirwa


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
27 September 2023

And signed on behalf of the board by:
Name: Iain S Waddington
Status: Director

TH3 SUN CIC

Profit And Loss Account

for the Period Ended 31 March 2023

2023 2022


£

£
Turnover: 34,900 30,103
Cost of sales: ( 35,698 ) ( 21,685 )
Gross profit(or loss): (798) 8,418
Administrative expenses: ( 10,872 ) ( 8,027 )
Other operating income: 1,587 593
Operating profit(or loss): (10,083) 984
Profit(or loss) before tax: (10,083) 984
Tax: 0 ( 237 )
Profit(or loss) for the financial year: (10,083) 747

TH3 SUN CIC

Balance sheet

As at 31 March 2023

Notes 2023 2022


£

£
Current assets
Debtors: 3 4,429 1,196
Cash at bank and in hand: 19,183 1,119
Total current assets: 23,612 2,315
Creditors: amounts falling due within one year: 4 ( 32,754 ) ( 1,305 )
Net current assets (liabilities): (9,142) 1,010
Total assets less current liabilities: (9,142) 1,010
Total net assets (liabilities): (9,142) 1,010
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (9,143 ) 1,009
Total Shareholders' funds: ( 9,142 ) 1,010

The notes form part of these financial statements

TH3 SUN CIC

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption under section 477 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 Act with respect to accounting records and the preparation of accounts.

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

This report was approved by the board of directors on 27 September 2023
and signed on behalf of the board by:

Name: Iain S Waddington
Status: Director

The notes form part of these financial statements

TH3 SUN CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other taxes.

TH3 SUN CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

    Work was carried out by volunteers. Mrs Lynn Chisadza continues to lead, develop and manage the CIC. She received £7,101 (£8,027 in 2022) shown in the accounts under administrative expenses.

TH3 SUN CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Debtors

2023 2022
£ £
Trade debtors 4,429 1,196
Total 4,429 1,196

This was an outstanding invoice for housing provided within the financial year.

TH3 SUN CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 8,586 1,305
Accruals and deferred income 18,725
Other creditors 5,443
Total 32,754 1,305

Trade creditors were outstanding rent and administration costs.A grant of £18,725 received from Barnwood Trust has been deferred due to its use being in the year ending 31 March 2024.Other creditors are Directors' loans totalling £5,443.

COMMUNITY INTEREST ANNUAL REPORT

TH3 SUN CIC

Company Number: 12528455 (England and Wales)

Year Ending: 31 March 2023

Company activities and impact

Th3 Sun CIC continued to provide emergency housing for vulnerable women in and around the Stroud Gloucestershire area. 23 women were housed in the year, an increase of 30% from the previous year with an occupancy rate of 93%. Th3 Sun CIC successfully applied for an HMO licence to increase bedspaces thereby increasing its capacity to meet the increasing emergency housing demand and to cater for the need in neighbouring councils. Th3 Sun CIC was invited to a wedding of a past resident. This showed just how the little bit of stability provided by Th3 Sun CIC during a woman’s stay in the house, along with the support they receive from other agencies has led to a stable relationship resulting in a long term commitment. By inviting Th3 Sun CIC to this momentous occasion, the woman showed her gratitude as well as the importance she places on Th3 Sun CIC’s involvement in her life. Th3 Sun CIC successfully applied for a grant from the Barnwood Trust, to employ a staff member to oversee its housing work. This is shown as a deferred grant in the accounts; it will be used in the following financial year.

Consultation with stakeholders

Th3 Sun CIC continues to hold regular meetings with its residents to gather valuable feedback which is used to continue improving its services. The Sun CIC has maintained its relationship with Stroud District Council who remain the main referrer to the only women only emergency accommodation in the District. Cheltenham Borough Homes also started referring women to Th3 Sun CIC this year. Other agencies such as the Foodbank, Foodiverse and The Long Table continue supporting Th3 Sun CIC’s work in a number of ways. Those housed by Th3 Sun CIC also receive support from other agencies such as P3 (community based housing related support), CGL (drug and alcohol service for adults), the Nelson Trust (rehabilitation treatment women’s service) and the mental health team. Th3 Sun CIC looks forward to working with the Barnwood Trust in making Gloucestershire the best possible place for disabled people and people with mental health conditions.

Directors' remuneration

Lynn Chisadza was paid for leading, developing and managing the Company as detailed in the accounts.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
27 September 2023

And signed on behalf of the board by:
Name: Stuart Waddington
Status: Director