2022-03-31-accounts

LEGAL AND ADMI	LEGAL AND ADMI	NI	STR	ATIVE INFORMATION	ATIVE INFORMATION	ATIVE INFORMATION
Name of Charity				Seahouses Development			Trust
Incorporation				The organisation and Seahouses	was incorporated Development Trust						as The on 18	North Sunderland October 1996 and
				registered as a	charity	on	20 May 1999. Governing						documents
				were amended	by special		resolutions				on 15	April	1998,6	April
				1999 and 19	October		2009			and	the name		changed	to
				Seahouses Development			Trust			on 21	November 2009.
Registered	Charity	No		1075610
Registered	Company		No	3265921
Directors ITrustees				D Paul - Chair
				G Scott
				A K G Wardropper
				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 B1	2HB

CONTENTS
			Page
Trustees Report			4-9
Independent	Examiners	Report	10
Statement of	Financial	Activities
Balance Sheet			12
Notes to the	Financial Statements		13—21

			Notes	Unrestricted	Designated	Restricted	TOTAL	TOTAL
							2022	2021
							f	f
INCOME
Income from:
Donations		and fundraising		11,936		6,262	18,198	1,758
Charitable	activities - Grants			19,717		69,502	89,219	99,311
Charitable activities				13,527	4,572		18,099	12,433
		Rental income		9,407			9,407	7,130
				54,587	4,572	75,764	134,923	120,632
Total charitable		income		54 587	4 572	75764	134923	120632
EXPENDITURE
Charitable activities
Charitable activities - Operation ofthe Trust				51,997	13,250	39,005	104,252	92,968
	Exceptional costs Depreciation Governance			2,071 400			2,071 400	11,923 2,762 400
Total charitable		expenditure		54468	13250	39005	106723	98562
Net income I (expenditure)				119	(8,678)	36,759	28,200	22,070
Transfers				3,384		(3,384)
Net movement year		in funds for the		3,503	(8,678)	33,375	28,200	22,070
Fund balances		brought forward		32 321	22 485	16558	71 364	48 284
Fund balances		carried forward		35824	13,807	49,933	99,564	71,364

OTES TO THE FINANCIAL STATEME .Rental and other income	NTS FOR THE YEAR	ENDED 31 M
	2022f	2021 E
Rental income - Hub	9,407	7,130
Other charitable activities	18,085	12,408
Interest receivable	14	25
	27 566	76 563

uxury Linen	Hire Limited is shown below:
		2022
		E
Summary profit and loss account Turnover		33,103
Cost ofsales		26,805
Gross profit Donation to SDT		6,298 5,839
Administration	expenses	459
Profit for the	year

Luxury	Linen	Hire	33,103
Development		Trust	134,923
			168,026

.Total exp		enditure
				Staff		Other	Total
				costs	Depreciation	costs	2022
				E	E		E
Charitable		activities:
Operation	and development		of
the trust				67,431	2,071	36,821	106,323
Exceptional		costs (Covid
related)
Governance		costs				400	400
				67 437	2 071	37 221	106,723

he average monthly number ofe	mployees (full-time	equivalents)
	2022	2021
	Number	Number
Trust management
Youth project
Hub / Resource centre
Trading subsidiaries
Employment costs	E	E
Wages and salaries	65,681	65,148
Employer Nl 8, pension costs	1,750	1,953
	67,431	67,101

9. Tangible fix	ed assets
	Land & buildings	Portacabin	Plant & . I d. including Cinema	Fixtures Fittings & Equipment	TOTAL
Cost
At 1 April 2021	938,683	20,265	103,896	41,544	1,104,388
Disposals
Additions
At 31 March 2022	938683	20 265	103896	41 544	1,104,388
Depreciation
At 1 April 2021	938,683	19,905	97,408	40,107	1,096,103
Disposals
Charge for the year		90	1,622	359	2,071
At 31 March 2022	938,683	19995	99,030	40 466	1,098 174
Net book values
At 31 March 2022		270	4,866	1 078	6 214
At 31 March 2021		360	6488	1,437	8 285

0. Debtors
			2022	2021
			E	E
Trade debtors	/
grants receivable			659	2,975
Amounts owed	by trading	subsidiaries	5,839	1,130
Other debtors				97
Prepayments
			6,498	4,202

11. Creditors: amounts falling due w	ithin one year
	2022	2021
Trade creditors	1,566	254
Taxes and social security costs	1,140	1,251
Accruals	400	400
	3,106	1,905

13. Restricted	Funds	Funds
	Balance						Balance at
	at 1	April		Incoming	Resources	Transfersl	31 March
		2021		resources	expended	Write off	2022
				E	6	6	E
Revenue Funds
Heritage Lottery Fund				5,062	1,678	3,384'
Duke of
Northumberland		2,482			370		2,112
Ballinger Charitable
Trust (Core)		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)				20,000	8,455		11,545
Sir James Knott Trust				15,000	2,500		12,500
Youth Project others		500		1,043	1,043		500
Cinema Project
donations and grants		400		7,859	1,283		6,976
Cinema project- Film
Exhibition Fund		4,176			4,176
Young Adventurers				10,800	3,500		7,300
	16558			75 764	39005	3,384	49933
14. Designated	Funds
	Balance		at				Balance at
		1 April		Incoming	Resources		31 March
		2021		resources	expended	Transfers	2022
			6	6	f.
First responders		477					477
Youth project		21,908		357	10,111		12,154
Newsletter				4,215	3,139		1,076
Walking to health		100					100
		22 485		4,572	13,250		13807

und balances at 31	March 2022 are repr	esented by:
	Unrestricted	Designated	Restricted
	funds	funds	funds	Total
	6	E	E	E
Fixed assets	5,944	270		6,214
Current assets	29,880	13,537	49,933	93,350
	35,824	13,807	49,933	99,564