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COMPANY REGISTRATION NUMBER: 03510951
CHARITY REGISTRATION NUMBER: 1071418
Community Help and Neighbourly Care for Everyone
Unaudited Financial Statements
For the Year Ending
31 March 2024
Community Help and Neighbourly Care for Everyone
Financial Statements
Year Ended 31 March 2024
Page
Trustees' Annual Report (Incorporating the Director's Report)
1
Independent Examiner's Report to the Trustees
3
Statement of Financial Activities (Including Income and Expenditure Account)
4
Statement of Financial Position
5
Notes to the Financial Statements
6
Community Help and Neighbourly Care for Everyone
Trustees' Annual Report (Incorporating the Director's Report)
Year Ended 31 March 2024
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2024 .
Objectives and Activities
The objects of the charity are:
a) To promote the benefit of the inhabitants of central ward east of Sans Street in the City of Sunderland and the neighbourhood thereof without distinction of sex, sexual orientation, race or political, religious or other opinions, by associating together the said inhabitants and local authorities, voluntary and other organisations on a common effort to advance education and to provide facilities with the object of improving the conditions of life for the said inhabitants;
b) To establish or secure the establishment of a community centre and to maintain and manage the same, whether done in co-operation with any local authority or other person or body in furtherance of these objectives, and
c) To promote such other charitable purposes for the general benefit of the public.
Public Benefit
Our main activities and who we help are described in other parts of the trustees' report. All our charitable activities are undertaken to further our charitable purposes for the public benefit. The trustees have had regard to the Charity Commission's guidance on public benefit throughout the year when deciding on the activities of the charity.
Strategic Report
Achievements and Performance
2023-2024 has been an incredible year for the project. We always put in 100%, and feel that this year has seen us continuing to receive recognition for the work we do from a major funder, The National Lottery, who granted us £105,000 in 2022, for three years of Manager's salary and running costs. They then went on to fund us additional funding for the final two years, making the total from them, over the three years £150,000.
In 2023 we celebrated our 30th year as a charity. During this time there have been many ups and downs, but we seem to overcome any obstacles and grow stronger as a result.
Covid has left a lasting imprint in our work, with the Cost of Living crisis, which has still been prevalent this year. This means that our work is as important as ever, helping people cope with rising costs of utilities and food.
We have ended the year in a secure place financially, and hope to secure more funding in the coming year to fund even more activities.
Financial Review
The Trustees aim to maintain sufficient "free" reserves to meet costs excluding depreciation for between 3 and 6 months. At 31st March 2024 this was estimated at between £20,000 and £40,000. Actual "free" reserves at 31st March 2024 totalled £83,138.
Structure, Governance and Management
Community Help and Neighbourly Care for Everyone ("CHANCE") is a charitable company. It was registered as a charity on 8th September 1998 with charity number 1071418 . It was incorporated as a company limited by guarantee on 16th February 1998 with company number 03510951 .
The charity is governed by Memorandum and Articles of Association dated 16 February 1998 as amended by special resolution dated 30th July 1998.
Reference and Administrative Details
Registered charity name
Community Help and Neighbourly Care for Everyone
Charity registration number
1071418
Company registration number
03510951
Principal office and registered
2 Rickaby Street
office
Sunderland
Tyne & Wear
SR1 2DL
The Trustees
Janice Atkinson
Freda Gray
Geoff Moon
Christine Stephen
Diane Marven
Yvonne Dixon
Maropend Mashangoane
Joanne Duggan
Independent Examiner
Jane Ascroft FCA MA (Cantab)
Enterprise House
Harmire Enterprise Park
Barnard Castle
County Durham
DL12 8XT
The trustees' annual report and the strategic report were approved on 26 November 2024 and signed on behalf of the board of trustees by:
Christine Stephen
Trustee
Community Help and Neighbourly Care for Everyone
Independent Examiner's Report to the Trustees of Community Help and Neighbourly Care for Everyone
Year Ended 31 March 2024
I report to the trustees on my examination of the financial statements of Community Help and Neighbourly Care for Everyone ('the charity') for the year ended 31 March 2024.
Responsibilities and Basis of Report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent Examiner's Statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
2. the financial statements do not accord with those records; or
3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or
4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Jane Ascroft FCA MA (Cantab) Independent Examiner
Enterprise House Harmire Enterprise Park Barnard Castle County Durham DL12 8XT
26 November 2024
Community Help and Neighbourly Care for Everyone
Statement of Financial Activities
(including income and expenditure account)
Year Ended 31 March 2024
2024
2023
Unrestricted funds
Restricted funds
Total funds
Total funds
Note
£
£
£
£
Income and endowments
Donations and legacies
5
8,073
103,735
111,808
92,474
Charitable activities
6
18,211
18,211
14,455
Investment income
7
125
125
14
Other income
8
4,950
4,950
3,857
--------
---------
---------
---------
Total income
31,359
103,735
135,094
110,800
--------
---------
---------
---------
Expenditure
Expenditure on charitable activities
9,10
35,192
86,068
121,260
105,759
--------
---------
---------
---------
Total expenditure
35,192
86,068
121,260
105,759
--------
---------
---------
---------
--------
---------
---------
---------
Net income and net movement in funds
( 3,833)
17,667
13,834
5,041
--------
---------
---------
---------
Reconciliation of funds
Total funds brought forward
301,703
8,750
310,453
305,412
---------
---------
---------
---------
Total funds carried forward
297,870
26,417
324,287
310,453
---------
---------
---------
---------
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
Community Help and Neighbourly Care for Everyone
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
Fixed Assets
Tangible fixed assets
15
214,732
212,885
Current Assets
Debtors
16
392
364
Cash at bank and in hand
111,594
99,003
---------
--------
111,986
99,367
Creditors: amounts falling due within one year
17
2,431
1,799
---------
--------
Net Current Assets
109,555
97,568
---------
---------
Total Assets Less Current Liabilities
324,287
310,453
---------
---------
Net Assets
324,287
310,453
---------
---------
Funds of the Charity
Restricted funds
26,417
8,750
Unrestricted funds
297,870
301,703
---------
---------
Total charity funds
18
324,287
310,453
---------
---------
For the year ending 31 March 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 26 November 2024 , and are signed on behalf of the board by:
Yvonne Dixon
Trustee
Community Help and Neighbourly Care for Everyone
Notes to the Financial Statements
Year Ended 31 March 2024
1. General Information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 2 Rickaby Street, Sunderland, Tyne & Wear, SR1 2DL.
2. Statement of Compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investments measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. The entity is a Public Benefit Entity.
Going Concern
There are no material uncertainties about the charity's ability to continue.
Judgements and Key Sources of Estimation Uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The trustees consider that there are no significant estimates or judgements affecting the financial statements.
Fund Accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the purposes of the charity. Designated funds are unrestricted funds earmarked by the trustees for specific purposes. Restricted funds are subjected to restrictions on their expenditure imposed by the donor.
Income
All income is included in the statement of financial activities when the charity is entitled to the income, any performance related conditions attached have been met or are fully within the control of the charity, the income is considered probable and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income: Donations and legacy income is received by way of donations, legacies, grants and gifts and is included in full in the Statement of Financial Activities when receivable. Where legacies have been notified to the charity but the criteria for income recognition have not been met, the legacy is treated as a contingent asset and disclosed if material. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. Donated services and facilities are included at the value to the charity, being the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market. Investment income is included when receivable. Income from charitable trading activity is accounted for when earned. Income from grants, where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance.
Expenditure
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:
Costs of raising funds comprise the costs associated with attracting donations, grants and legacies and the costs of trading for fundraising purposes.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis, as set out in the notes to the accounts.
Tangible Assets
Fixed assets are stated at cost less accumulated depreciation. The costs of minor additions or those costing below £300 are not capitalised.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold Property
-
2% straight line
Fixtures, Fittings & Equipment
-
20% reducing balance
IT Equipment
-
25% reducing balance
Impairment of Fixed Assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial Instruments
The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Accrued income and tax recoverable is included at the best estimate of the amounts receivable at the balance sheet date.
Cash at Bank and in Hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Creditors
Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.
Taxation
The company is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
4. Limited by Guarantee
The company is limited by guarantee. At 31st March 2024 there were 8 members each of whom had undertaken to contribute an amount not exceeding £1 in the event of a winding up.
5. Donations and Legacies
Unrestricted Funds
Restricted Funds
Total Funds 2024
£
£
£
Donations
General donations
8,073
8,073
Grants
Gentoo
The National Lottery Community Fund - Reaching Communities
68,750
68,750
Together for Children
14,515
14,515
Sunderland CC
18,470
18,470
Community Foundation of Tyne and Wear
2,000
2,000
-------
---------
---------
8,073
103,735
111,808
-------
---------
---------
Unrestricted Funds
Restricted Funds
Total Funds 2023
£
£
£
Donations
General donations
3,744
3,744
Grants
Gentoo
2,000
500
2,500
The National Lottery Community Fund - Reaching Communities
35,000
35,000
Together for Children
Sunderland CC
36,480
500
36,980
Community Foundation of Tyne and Wear
14,250
14,250
--------
--------
--------
56,474
36,000
92,474
--------
--------
--------
6. Charitable Activities
Unrestricted Funds
Total Funds 2024
Unrestricted Funds
Total Funds 2023
£
£
£
£
Rental income
4,800
4,800
3,800
3,800
Room hire income
1,309
1,309
856
856
Activities and other income
12,102
12,102
9,799
9,799
--------
--------
--------
--------
18,211
18,211
14,455
14,455
--------
--------
--------
--------
7. Investment Income
Unrestricted Funds
Total Funds 2024
Unrestricted Funds
Total Funds 2023
£
£
£
£
Bank interest receivable
125
125
14
14
----
----
----
----
8. Other Income
Unrestricted Funds
Total Funds 2024
Unrestricted Funds
Total Funds 2023
£
£
£
£
Employment Allowance
4,950
4,950
3,857
3,857
-------
-------
-------
-------
9. Expenditure on Charitable Activities by Fund Type
Unrestricted Funds
Restricted Funds
Total Funds 2024
£
£
£
Charitable activities - see page 15
35,192
86,068
121,260
--------
--------
---------
Unrestricted Funds
Restricted Funds
Total Funds 2023
£
£
£
Charitable activities - see page 15
50,172
55,587
105,759
--------
--------
---------
10. Expenditure on Charitable Activities by Activity Type
Activities undertaken directly
Total funds 2024
Total fund 2023
£
£
£
Charitable activities - see page 15
121,260
121,260
105,759
---------
---------
---------
11. Net Income
Net income is stated after charging/(crediting):
2024
2023
£
£
Depreciation of tangible fixed assets
8,953
8,121
-------
-------
12. Independent Examination Fees
2024
2023
£
£
Fees payable to the independent examiner for:
Independent examination of the financial statements
720
720
----
----
13. Staff Costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
2024
2023
£
£
Wages and salaries
56,270
53,523
Social security costs
4,950
3,857
--------
--------
61,220
57,380
--------
--------
The average head count of employees during the year was 3 (2023: 3 ). The average number of full-time equivalent employees during the year is analysed as follows:
2024
2023
No.
No.
Number of staff
2
3
----
----
No employee received employee benefits of more than £60,000 during the year (2023: Nil).
14. Trustee Remuneration and Expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees and no expenses were paid to the trustees.
15. Tangible Fixed Assets
Freehold property
Fixtures, fittings and equipment
Equipment
Total
£
£
£
£
Cost
At 1 April 2023
390,558
45,467
436,025
Additions
10,800
10,800
---------
--------
--------
---------
At 31 March 2024
390,558
45,467
10,800
446,825
---------
--------
--------
---------
Depreciation
At 1 April 2023
178,648
44,492
223,140
Charge for the year
7,811
248
894
8,953
---------
--------
--------
---------
At 31 March 2024
186,459
44,740
894
232,093
---------
--------
--------
---------
Carrying amount
At 31 March 2024
204,099
727
9,906
214,732
---------
--------
--------
---------
At 31 March 2023
211,910
975
212,885
---------
--------
--------
---------
16. Debtors
2024
2023
£
£
Prepayments and accrued income
392
364
----
----
17. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
600
Accruals and deferred income
1,674
720
Social security and other taxes
757
479
-------
-------
2,431
1,799
-------
-------
18. Analysis of Charitable Funds
Unrestricted funds
At 1 April 2023
Income
Expenditure
At 31 March 2024
£
£
£
£
General fund
88,818
20,559
(26,239)
83,138
Capital fund
212,885
10,800
(8,953)
214,732
---------
--------
--------
---------
301,703
31,359
(35,192)
297,870
---------
--------
--------
---------
At 1 April 2022
Income
Expenditure
At 31 March 2023
£
£
£
£
General fund
56,069
74,800
(42,051)
88,818
Capital fund
221,006
(8,121)
212,885
---------
--------
--------
---------
277,075
74,800
(50,172)
301,703
---------
--------
--------
---------
Restricted funds
At 1 April 2023
Income
Expenditure
At 31 March 2024
£
£
£
£
Sir James Knott Foundation
Sunderland City Council
18,470
(17,270)
1,200
Community Foundation of Tyne and Wear
2,000
(2,000)
National Lottery Community Fund
8,750
68,750
(58,333)
19,167
Gentoo
Together For Children
14,515
(8,465)
6,050
-------
---------
--------
--------
8,750
103,735
(86,068)
26,417
-------
---------
--------
--------
At 1 April 2022
Income
Expenditure
At 31 March 2023
£
£
£
£
Sir James Knott Foundation
3,786
(3,786)
Sunderland City Council
10,846
500
(11,346)
Community Foundation of Tyne and Wear
13,705
(13,705)
National Lottery Community Fund
35,000
(26,250)
8,750
Gentoo
500
(500)
Together For Children
--------
--------
--------
-------
28,337
36,000
(55,587)
8,750
--------
--------
--------
-------
The restricted funds are for the following purposes:
National Lottery Community Fund - grant received of £17,500 to support with wages and running costs for a period of 6 months to July 2023.
19. Analysis of Net Assets Between Funds
Unrestricted Funds
Restricted Funds
Total Funds 2024
£
£
£
Tangible fixed assets
214,732
214,732
Current assets
85,569
26,417
111,986
Creditors less than 1 year
(2,431)
(2,431)
---------
--------
---------
Net assets
297,870
26,417
324,287
---------
--------
---------
Unrestricted Funds
Restricted Funds
Total Funds 2023
£
£
£
Tangible fixed assets
212,885
212,885
Current assets
90,617
8,750
99,367
Creditors less than 1 year
(1,799)
(1,799)
---------
-------
---------
Net assets
301,703
8,750
310,453
---------
-------
---------