SUNSHINE CO-OPERATIVE COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
10058631 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

SUNSHINE CO-OPERATIVE COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

SUNSHINE CO-OPERATIVE COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 4,125 5,971
Total fixed assets: 4,125 5,971
Current assets
Stocks: 4 3,711 2,441
Cash at bank and in hand: 3,647 8,267
Total current assets: 7,358 10,708
Creditors: amounts falling due within one year: 5 ( 23,129 ) ( 16,744 )
Net current assets (liabilities): (15,771) (6,036)
Total assets less current liabilities: (11,646) ( 65)
Creditors: amounts falling due after more than one year: 6 ( 8,000 ) ( 7,418 )
Total net assets (liabilities): (19,646) (7,483)
Members' funds
Profit and loss account: (19,646) ( 7,483)
Total members' funds: ( 19,646) (7,483)

The notes form part of these financial statements

SUNSHINE CO-OPERATIVE COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 March 2024 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 November 2024
and signed on behalf of the board by:

Name: Claire Wayman
Status: Director

The notes form part of these financial statements

SUNSHINE CO-OPERATIVE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 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

SUNSHINE CO-OPERATIVE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 3 3

SUNSHINE CO-OPERATIVE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 7,982 9,274 17,256
Additions 1,440 1,440
Disposals
Revaluations
Transfers
At 31 March 2024 9,422 9,274 18,696
Depreciation
At 1 April 2023 5,482 5,803 11,285
Charge for year 1,550 1,736 3,286
On disposals
Other adjustments
At 31 March 2024 7,032 7,539 14,571
Net book value
At 31 March 2024 2,390 1,735 4,125
At 31 March 2023 2,500 3,471 5,971

SUNSHINE CO-OPERATIVE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Stocks

2024 2023
£ £
Stocks 3,711 2,441
Total 3,711 2,441

SUNSHINE CO-OPERATIVE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 6,500 0
Trade creditors 0 511
Accruals and deferred income 556
Other creditors 16,073 16,233
Total 23,129 16,744

SUNSHINE CO-OPERATIVE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 7,418
Other creditors 8,000
Total 8,000 7,418

COMMUNITY INTEREST ANNUAL REPORT

SUNSHINE CO-OPERATIVE COMMUNITY INTEREST COMPANY

Company Number: 10058631 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

Sunshine Co-operative CIC runs a delivery service throughout the North-East of England from its base in Sunderland and runs a shop based in High Street West, Sunderland, with a small garden at the rear. The CIC has been successful in sourcing locally produced and grown food, organic and otherwise ethically sourced. The focus has been on the well-being of the customer and their environmental concerns. Our environmental policy includes reducing plastic waste and recycling and glass bottles, with a deposit return system. Our shop has a refill station which allows customers to bring their own containers for loose dried food and liquid cleaning and beauty products. This cuts down on unnecessary packaging. We link with our main fruit and veg supplier to takes back all the packaging to either reuse or to be compacted at their farm for recycling. The CICs website lists the health benefits of the fruit & veg listed and links to healthy recipes page. All food is vegetarian with gluten free and vegan options. Our community shop has disabled access and a community room. We run classes focusing on healthy and sustainable living. We have maintained a strong group of 10 volunteers, 2 of which have special needs which we cater to. We operate a gardening group which consists of retirees and a young person with learning difficulties. We have retirees volunteering with us who have worked brilliantly with some of our younger trainees with disabilities. These intergenerational relationships have been extremely beneficial to both parties. Volunteers also help to pack fruit & veg boxes, clean and man the shop and go out on deliveries. We are working with Choices College (NHS funded) to provide experience for young people facing barriers into employment. We continue our close relationship with a local permaculture garden who supply us with fruit and veg. The proceeds allow this organisation to grow and donate to the local church and other food donation organisations. We’ve added another community garden and their associated Link School as suppliers - giving the students the opportunity to understand how their produce can then be sold and proceeds to back to their garden. We have formed a partnership with other CIC’s on the farm-to-fork journey and will continue to grow this partnership. Our own garden has gone from strength to strength and this year, heavily relied on our own compost created from waste fruit and veg from the shop. We grew our community outreach work with a funded project that worked with the 55+ and asylum seeker communities. The emphasis was on movement, music, food and good company which addressed the issues of social isolation, poor physical and mental health and poor diet.

Consultation with stakeholders

The seven Directors of the CIC during the year were: Claire Wayman (also Company secretary), Wojciech Bozyk, Tracey West, Shaun Jackson, Andrea Clayson, Margaret Bruce and Ruth Hardy. All Directors live in Sunderland and are passionate about helping to create a thriving and healthy community. Quarterly board meetings take place with directors. Monthly staff meetings are fed back to the directors. Surveys are also sent out to customers and users and a feedback box is available in-store.

Directors' remuneration

The aggregate amount of emoluments paid to or receivable by directors in respect of qualifying services was £12830 There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: Claire Wayman
Status: Director