SUNDERLAND PEOPLE FIRST CO-OPERATIVE COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
08752946 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2023

Period of accounts

Start date: 1 November 2022

End date: 31 October 2023

SUNDERLAND PEOPLE FIRST CO-OPERATIVE COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 October 2023

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

SUNDERLAND PEOPLE FIRST CO-OPERATIVE COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 October 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 4,605 3,862
Total fixed assets: 4,605 3,862
Current assets
Debtors: 4 28,885 26,119
Cash at bank and in hand: 229,183 181,224
Total current assets: 258,068 207,343
Creditors: amounts falling due within one year: 5 ( 55,251 ) ( 40,862 )
Net current assets (liabilities): 202,817 166,481
Total assets less current liabilities: 207,422 170,343
Provision for liabilities: ( 874 ) ( 734 )
Total net assets (liabilities): 206,548 169,609
Members' funds
Profit and loss account: 206,548 169,609
Total members' funds: 206,548 169,609

The notes form part of these financial statements

SUNDERLAND PEOPLE FIRST CO-OPERATIVE COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 October 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 29 July 2024
and signed on behalf of the board by:

Name: L Clark
Status: Director

The notes form part of these financial statements

SUNDERLAND PEOPLE FIRST CO-OPERATIVE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 October 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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows - Equipment 20% reducing balance

    Valuation information and policy

    Work in ProgressShort term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

    Other accounting policies

    Debtors -Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.CreditorsShort term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.TaxationA current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.ProvisionsProvisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

SUNDERLAND PEOPLE FIRST CO-OPERATIVE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 9 9

SUNDERLAND PEOPLE FIRST CO-OPERATIVE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 November 2022 5,714 5,714
Additions 1,894 1,894
Disposals
Revaluations
Transfers
At 31 October 2023 7,608 7,608
Depreciation
At 1 November 2022 1,852 1,852
Charge for year 1,151 1,151
On disposals
Other adjustments
At 31 October 2023 3,003 3,003
Net book value
At 31 October 2023 4,605 4,605
At 31 October 2022 3,862 3,862

SUNDERLAND PEOPLE FIRST CO-OPERATIVE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Debtors

2023 2022
£ £
Trade debtors 28,885 26,119
Total 28,885 26,119

SUNDERLAND PEOPLE FIRST CO-OPERATIVE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 27,039 11,832
Taxation and social security 8,525 3,712
Accruals and deferred income 19,687 25,318
Total 55,251 40,862

COMMUNITY INTEREST ANNUAL REPORT

SUNDERLAND PEOPLE FIRST CO-OPERATIVE COMMUNITY INTEREST COMPANY

Company Number: 08752946 (England and Wales)

Year Ending: 31 October 2023

Company activities and impact

People with learning disabilities, people with challenging behaviour and people with autism in Sunderland and their carers and families and the companies’ beneficiaries. The community has benefited by having their voices and opinions gathered and independently represented to enable them to be involved in planning, shaping and improving service provision in Sunderland.The Company is not providing services for individual or personal gain and has no financial objectives, only its social objectives outlined. We are focused on ensuring all services treat people with a learning disability and autism equally and with dignity and respect, we provide accessible information and training to support people and support services to provide for people with learning disabilities

Consultation with stakeholders

A special interest group helps us to carry out our business and drive forward our aims and objectives. The special interest group is made up of people who use and benefit from our services. This group includes representation from Health, providers of services to people with learning disabilities and autism, carers centre, housing providers, and other community interest companies.

Directors' remuneration

Director's remuneration totalled £36,639 for the year.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
29 July 2024

And signed on behalf of the board by:
Name: L Clark
Status: Director