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2021-03-31-accounts

Name of Charity	Name of Charity			Seahouses Development	Seahouses Development	Trust
Incorporation				The organisation	was incorporated				as The	North	Sunderland
				and Seahouses	Development			Trust	on 18	October 1996		and
				registered as a	charity on	20 May 1999.Governing					documents
				were amended 1999 and 19	by special October	resolutions 2009 and			on 15 April the name		1998,6 changed	April to
				Seahouses Development		Trust		on 21	November 2009.
Registered	Charity	No		1075610
Registered	Company		No	3265921
Directors I	Trustees			D Paul - Chair
				G Scott
				A K G Wardropper
				C Smithers
				S Smith
				S Hillian
				C Brunt
				M Jordan
				G Renner-Thompson
				Rev A Macpherson (appointed			25'" May 2021)
Hon Treasurer				C Brunt
Secretary				S Hillian
Registered	Office			Seahouses Hub
				Stone Close
				Seahouses
				Northumberland	NE68 7YL
Independent	Examiner			Richard Alsept ACA
				72 Kings Field, Seahouses,		Northumberland				NE68	7PA
Bankers				Unity Trust Bank
				Nine Brindley Place
				Birmingham B12HB

CONTENTS
			Page
Trustees Report			4-9
Independent	Examiners	Report	10
Statement of	Financial	Activities
Balance Sheet			12
Notes to the	Financial	Statements	13 —22

			Notes	Unrestricted	Designated	Restricted	TOTAL	TOTAL
							2021	2020
						E	F	E
INCOME
Income from:
Donations and fundraising Charitable activities - Grants				1,258 51,675	100	400 47,636	1,758 99,311	11,800 47,589
Charitable activities				9,592	2,841		12,433	34,524
		Rental income		7 130			7,130	12825
				69,655	2,941	48,036	120,632	106,738
Total charitable		income		69655	2 941	48,036	120632	106738
EXPENDITURE
Charitable activities
Charitable activities - Operation ofthe Trust				49,237	3,253	40,478	92,968	115,894
	Exceptional costs Depreciation Governance			2,432 2,762 400			2,432 2,762 400	11,923 3,682 400
Total charitable		expenditure		54,831	3,253	40,478	98562	131899
Net income I (expenditure)				14,824	(312)	7,558	22,070	(25,161)
Transfers				4,770	(4,770)
Net movement year		in funds for the		19,594	(5,082)	7,558	22,070	(25,161)
Fund balances		brought forward		12727	27 567	9000	49,294	74,455
Fund balances		carried forward		32 321	22,485	16558	71,364	49,294

OTES TO THE FINANCIAL STATEME .Rental and other income	NTS FOR THE YEAR	ENDED 31 M
	2021f	2020f
Rental income - Hub	7,130	12,825
Other charitable activities	12,408	34,441
Interest receivable	25	83
	19,663	47349

uxury Linen	Hire Limited is shown below:
		2021
Summary profit and loss account Turnover		11,062
Cost ofsales		9,473
Gross profit Donation to SDT		1,589 1,130
Administration	expenses	459
Profit for the	year

				Staff		Other	Total
				costs	Depreciation	costs	2021
Charitable		activities:
Operation	and development		of
the trust				67,101	2,762	25,867	95,730
Exceptional		costs (Covid
related)						2,432	2,432
Governance		costs				400	400
				67 101	2,762	28,699	98,562

he average monthly number ofem	ployees (full-time	equivalents)
	2021	2020
	Number	Number
Trust management	1	1
Youth project	1	1
Hub I Resource centre	2	1
Trading subsidiaries
	4	3
Employment costs Wages and salaries Employer pension costs	E 65,148 1 353	59,693 1,155
	67,101	60,848

NOTES TO THE FINANCIAL STATEM	NOTES TO THE FINANCIAL STATEM	ENTS FOR THE	YEA	R ENDED 3	1 MARCH 2021
9. Tangible fixed assets
	Land & buildings	Portacabin	Plant & I I di including Cinema		Fixtures Fittings & Equipment	TOTAL
Cost
At 1 April 2020	938,683	20,265		103,896	41,544	1,104,388
Disposals
Additions
At 31 March 2021	938683	20,265		103896	41 544	1 104388
Depreciation
At 1 April 2020	938,683	19,785		95,245	39,628	1,093,341
Disposals
Charge for the year		120		2 163	479	2 762
At 31 March 2021	938,683	19,905		97,408	40 107	1,096,103
Net book values
At 31 March 2021		360		6 488	1 437	8 285
At 31 March 2020		480		8,651	1 916	11 047

0. Debtors
			2021f	2020
Trade debtors / grants receivable Amounts owed by trading Other debtors Prepayments		subsidiaries	2,975 1,130 97	3,895 2,492 98 4,573
			4,202	11,058

he amounts stated above include balanc 1. Creditors: amounts falling due w	es owed by related ithin one year	companie
	2021f	2020f
Trade creditors Taxes and social security costs Accruals	254 1,251 400	16,324 1,040 400
	1 905	17764

		Balance	Balance				Balance at
		at 1	April	Incoming	Resources	Transfers/	31 March
			2020f	resourcesf	expended F	Write off f	2021f
Revenue	Funds
Heritage	Lottery Fund			11,478	11,478
Duke of
Northumberland				2,482			2,482
Ballinger	Charitable
Trust			7,500	10,000	10,000		7,500
Lord Crewe's Charity
(Youth Project)			1,500	6,000	6,000		1,500
Children	in Need
(Youth Project)				12,800	12,800
Hub - Others
Youth Project others				700	200		500
Cinema	Project
donations				400			400
Cinema	project —Film
Exhibition Fund				4,176			4,176
			9 DDD	48,036	40478		16558
14.	Designated	Funds
		Balance at					Balance at
			1 April	Incoming	Resources		31 March
			2020f	resources f	expended f	Transfers f	2021f
First responders			477				477
Youth project			22,108	261	461		21,908
Newsletter			4,882	2,680	2,792	4,770
Walking	to health		100				100
			27 567	2,941	3,253	4,770	22,485

und balances at 31	March 2021 are repre	sented by:
	Unrestricted funds 6	Designated funds	Restricted funds 6	Total f
Fixed assets Current assets	1,437 30,884	360 22,125	6,488 10,070	8,285 63,079
	32,321	22,485	16,558	71,364