SEAHOUSES DEVELOPMENT TRUST
c•npany limltad by gu3rant•e afid not having a fjhare ¢a*fj
CHAIIITY NUMBER
107561
COAIPANY NUMBER
3265921 IEngland and Wales)
TRUSTEES REPORT AND
UNALIOITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2025
Seohouses
i)￿.

SEAHOUSES DEVELOPMENT TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Name of Charity
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 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 l Trustees
G Scott
S Smith
S Hillian
C Brunt
M Jordan
G Renner-Thompson
Rev A Macpherson
M Archer
J Sharma
G Fairs
Hon Treasurer
C Brunt
Secretary
S Hillian
Registered Office
Seahouses Hub
Stone Close
Seahouses
Northurnberland NE68 7YL
Independent Examiner
Richard Alsept ACA
72 Kings Field, Seahouses, Northumberland NE68 7PA
Bankers
Unity Trust Bank
Nine Brindley Place
Birrningham 812HB

SEAHOUSES DEVELOPMENT TRUST
CONTENTS
Page
Trustees Report
Independent Examiners Report
10
ststement of Financial Activities
11
Balance Sheet
12
Notes to the Financial Statements
13-21

SEAHOUSES DEVELOPMENT TRUST
TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025
Introduction
The Trustees present their report and the financial statements for the year ended
31 March 2025.
We have prepared the annual report and financial statements in accordance with the
accounting policies set out in note 1 and in compliance with the charity's governing
document, the Companies Act 2006, and the Statement of Recommended Practice
(SORP)"AccoLJnting and Reporting by Charities" issued in January 2019.
This report covers the financial year ended 31 March 2025.
Financially. our trading subsidiary has continued to make a contribution to the Trust.
The Trust continues to strengthen its financial position.
Governance, Structure and Management
The Trust is a company limited by guarantee and is governed by a memorandum and
articles of association.
The charity exists for the benefit of the inhabitants of Seahouses and surrounding areas.
Appointment of Trustees
Ten members can be appointed by nominating organisations although at the date of this
report only two has chosen to do so. Up to five further members are elected from the
community. Trustees can be co-opted during the year to fill vacancies but must then be re-
elected at the next Annual General Meeting.
As suggested above, over the last few years a number of the nominating organisations
has chosen not to appoint a trustee, and this restricts the flexibility to get new trustees, We
have therefore changed our constitution at an AGM to restrict the nominating organisations
to those who have a direct interest and to have a greater number of elected trustees.
Page 4

SEAHOUSES DEVELOPMENT TRUST
Directors and Trustees
The trustees, who are also the directors for the purposes of company law, who served
during the year andlor up to the date of approval of these accounts are..
G Scott (Elected)
G Renner-Thompson, nominated by Northumberland County Council
S Smith, {Elected)
S Hillian, nominated by North Sunderland Parish Council
C Brunt (Vice Chair) (Elected)
M Jordan (Elected)
Rev A Macpherson (Elected)
M Archer (Elected)
J Sharma (Elected)
G Fairs (Elected)
AKG Wardropper (Elected) - died 17th June 2025
None of the trustees has any beneficial interest in the company. All of the trustees are
members of the company and guarantee to contribute £1 in the event of any winding up.
Trustees Induction
In October 2005, a trustees, code of conduct was adopted. The code was introduced at the
request of trustees to reflect the increased levels of accountability elsewhere in public life.
The code brings awareness to all trustees about their responsibilities as directors of the
company and what duties they have to fellow trustees. The code also aims to protect
trustees in their duties on the management committee.
welcome pack has also been prepared, including information from the Charity
Commission and the National Council of Voluntary Organisations. This is distributed to all
new trustees along with a copy of the rnemorandum and articles of association along with
the latest financial statements and meeting minutes.
Tradlng subsidlary
The charity has one trading subsidiary which was established to generate profits to
support for the charity through the provision of services to the community.
The subsidiary Seahouses Luxury Linen Hire was established and incorporated in 2018.
This service acts as an agency for a large linen supply company based in Newcastle. The
purpose is to provide local hotels, B&Bs and holiday lets with high quality serviced linen.
The trustees of the charity appoint the d1￿CtorS of the subsidiary company.
The Trust has not prepared consolidated accounts as the gross income of the group in the
accounting period is less than the audit threshold under the Charities Act 2011.
Page 5

SEAHOUSES DEVELOPMENT TRUST
Risk Management
The trustees are aware of the need to assess the major financial risks to the organisation.
At 31 March 2025 the unrestricted reserves of the Charity were approximately £52,000
131, March 2024 £51,000). Whilst the level of unrestricted reserves has grown in recent
years, the building of core reserves remains a priority The charity's reserves policy is to
manage its affairs to maintain unrestricted reserves above a level of three months
expenditure, This policy objective is currently being met.
During the period, the trustees reviewed the trading environment of its subsidiary.
Seahouses Luxury Linen Hire (SLLH) caters for the linen and laundry needs of the local
holiday businesses, SLLH acts as an agent for an established linen hire service and is
considered a low-risk commercial venture suitable to the risk profile of the trust,
Objectives and Activitie5
The Trust's objects were to strengthen the community through seniing individual needs
and improving conditions in the local area. Five strategic areas have been identified-
To develop a diverse, robust economy
To foster partnerships, links and networks that create a strategic approach to the
development of Seahouses and its surrounding communities.
To promote and sustain the area's natural environmental assets and maintain and
enhance the character and identities of its villages.
To develop a healthy, active, diverse and connected community.
And to work towards the sustainability of the Trust by establishing social enterprise
projects.
Performance Review for the year to 31 March 2025
The Trust continues to make a meaningful difference in the local community through a
diverse range of face-to-face services and initiatives. One of the most popular projects is
the community cinema, which screens a broad selection of recent film releases, catering to
audiences of all ages and interesls, and creating a welcoming space for shared cultural
experiences,
In collaboration with Northumberland County Council, the Trust provides a vital book
lending service, alongside free computer and intemet access at the Hub. Staff are on hand
to offer friendly, basic IT support to those who may feel less confident navigating digital
technology, ensuring no one is left behind in the digital age.
The trust runs the highly successful Seahouses Youth Project, which regularly supports
over 24 young people each week. This initiative includes a weekly youth club for 8-13
year-olds and the Young Adventurers programme for 13-18 year-olds, offering exciting
outdoor activities that build confidence, teamwork, and a love of nature.
The Trust also supports community wellbeing through a variety of regular groups, including
keep fit, crafts, chess, and social gatherings. It actively supports and collaborates with
local organisations that use the Hub, such as the Outdoor Bowling Club, Book Club,
Page 6

SEAHOUSES DEVELOPMENT TRUST
Proggy Mat Group, Festive Lights volunteers, and Northumberland coast National
Landscapes. The trust works closely with Bell View a local charity based in nearby Belford,
supporting weekly coffee mornings and monthly Fish & Chip lunches hosted at the Hub.
Volunteers are at the heart of the Trust's work. With a team of 30 dedicated individuals,
the Trust coordinates efforts across its activities and produces a well-received bi-monthly
Village Newsletter which is delivered to approximately 1800 homes.
Financially the trust has been supported by a number of grant funders, which has enabled
it to provide much needed support and services to local people. The Lord Crewe's Charity
and Children in Need have provided multi-year funding for the Youth Project, ensuring its
continuity and allowing time to secure further resources. Additional grants have been
received from the Ballinger Trust, Community Foundation, FB & PFB Lough Fund, and the
Sir James Knott Trust, each contributing to the Trust's long-term resilience and growth.
Thanks to the generous support of several grant funders, local organisations and using
some of the trusts own reserves, the Trust successfully secured all the funding to
transform the old tennis courts into a vibrant new Multi-use Games Area {MUGA),
Contributions were received from The Readman Family Grassroots Fund, Councillor Guy
Renner-Thompson through the Members Local Improvement Scheme, The Lord Crewe
Trust, North Sunderland Parish Council, Bamburgh Parish Council, Beadnell Parish
Council, and Seahouses RNLI.
This exciting redevelopment will breathe new life into the space, offering a versatile and
inclusive facility for sports and recreation. The MUGA is set to become a valuable asset for
the community-providing opportunities for physical activity, social engagement, and
outdoor fun for both local residents and visitors alike. It marks a significant step forward in
enhancing the area's amenities and promoting wellbeing across all age groups.
Barclays Bank rents a room at the Hub three times a week to offer a community-based
banking service, This partnership not only enhances local access to financial services but
also provides the Trust with a valuable source of earned income.
Seahouses Luxury Linen Hire
The results for the subsidiary are reported in note 4 to the accounts.
The linen hire service continues to grow and produce an income for the trust.
Financial Status
The Trustees believe that our core costs are manageable, and these were met from the
activities at the Community Centre, including the Cinema, profits of the trading subsidiary,
and specific core cost grants. We believe that the financial position is stable and can
support applications for new funding.
The charity continues to build its core (unrestricted) reserves, and at 31st March 2025
these stood at £52,501 (2024.. £51,427). This represents approximately six months, core
costs.
Page 7

SEAHOUSES DEVELOPMENT TRUST
The trustees therefore believe that the charity has sufficient resources to continue
operating for the foreseeable future and to meet its liabilities. The going concern basis has
therefore been adopted in preparing the financial accounts, in accordance with the
Statement of Trustees Responsibilities below.
Trustees, Responsibilities
Charity law requires the trustees to prepare financial statements for each financial year,
which give a true and fair view of the state of the affairs of the charity and of its financial
activities for that year, together with its assets and liabilities at the end of the period, and
adequately distinguish any material special trust or other restricted fund of the charity. In
preparing those financial statements the trustees are required to,.
select suitable accounting policies and apply them consistently.
make judgements and estimates that are reasonable and prudent;
state whether the policies adopted are in accordance with the appropriate SORP
on Accounting by Charities and the Accounting Regulations and with applicable
accounting standards, subject to any material departures disclosed and
explained in the financial statements; and
prepare the financial statements on the going concern basis unless it is
inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with
reasonable accuracy at any time, th8 financi81 position of the charity, and enable them to
ensure that the financial statements comply with applicable Accounting Standards and
Statements of Recommended Practice and the regulations made under the Charities Act
2011.
The trustees are also responsible for safeguarding the assets of the charity and hence for
taking reasonable steps for the prevention and detection of fraud and other irregularities.
So far as the trustees are aware, there is no relevant information needed by the
company's independent examiner, in connection with preparing his report, of which the
company s examiner is unaware, and each director has taken all the steps that he ought to
have taken as a director in order to make himself aware of any relevant audit information
and to establish that the company's examiner is aware of that information.
Objectives and future work
The trust seeks to provide a local community organisation with the capacity to create and
take opportunities, develop, and manage projects, deliver services, and to create
sustainable income streams to support these aims, for the social and economic benefit of
the area and its inhabitants.
It will seek to be a focal point for identifying local needs, and then deciding which of these
needs it can meet itself. It will also work with other partners, networks and organisations to
address needs it cannot meet on its own.
In doing this it will seek..
Page 8

SEAHOUSES DEVELOPMENT TRUST
To deveSop projects which lead to a better environment for young people, combat
-xcILision and isolation among older people and other vulnerable groups.
To support and enhance the local economy by promoting the area, creating sustainable
IncoryTre ijefjeraling employmerit.
To bene,1 res,,dents and the area generally, and lo attraut visitors for the economic
benefit of the area.
It currently focuses on six projects, and also on continuing to improve its governance and
finances..
A Youth project supporting events and activities for young people and teenagers in the
community.
A cinema and entertainment project based at the Hub.
An information and office services facility for the community which incorporates a
limited library service run in collaboration with Northumberland County Council.
Developing a new community website.
Continue to improve the village newsletter and provide a better service for the
community while increasing advertising income.
The completion of the Multi-use Games Area enhances the local area, and it provides
sports facilities for local people and visitors. It will also provide an income stream to
enable the trust to maintain the facility, and any surplus income will be used by the trust
to continue to provide services and activitie) to our local cornmunity.
This report was approved by the Trustees on 25th September 2025
And signed on its behalf by
A MacPherson
Trustee
Pagc 9

SEAHOUSES DEVELOPMENT TRUST
INOEPENDENT EXAMINER'S REPORT ON THE UNAUDITED FINANCIAL STATEMENTS
TO THE TRUSTEES OF SEAHOUSES DEVELOPMENT TRUST.
I report to the Charity Trustses on my examination of the accounts of The Trust for the
year ended 31 March 2025, which are set out on pages 11 to 21,
Respective rasponsibilities and basis of report
The trustees are responsible for the preparation of the accounts.
Having satisfied myself that the accounts of the charity are not required to be audited, and
are eligible ft>r independent examination, I report in respect of my examination of your
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.
Indop•ndent examlnerfs Statement
I have completed my examination. I confimi that no matters have come to my attention in
connection with my examination giving me cause to believe..
(1) accounting records were not kept in respect of the Charty as required by section
130 of the 2011 Act: or
(2) the accounts do not accord with those record8; or
(3) the accounts do not comply with the accounting requirements of section 130 of the
2011 Act other than the requirement that the 8ccounts give a Irue and fairf view which
is not a matter considered as part of an Independent Examination.. and
(4) the accounts have not been prepared in accordance wlth the methods and
principles of the Slaternent of Recommended Pr8Ctice for accounting and reporting by
charities (applicable to charities preparing their accounts in accordance with the
Financial Reporting Stsndard applicable in the UK {FRS102)).
I have no conc8ms and have come acro88 no matters in connection with the examination
to which attention should be drawn in this report in ord8r to enable a proper understanding
of the accounts to b8 reached.
DATE 25th September 2025
Rlchard AlseptACA
72 lQngs Fleld, Seahouses NE68 7PA
Page 10

SEAHOUSES DEVELOPMENT TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
(including the Income and Expenditure Account)
Notes
Unrestricted
Designated
Restricted
TOTAL
TOTAL
2025
2024
INCOME
Income from..
Donations and fundraising
Charitable activities - Grants
Charitable activities
Interest income
Rental income
8,646
30,000
27,885
1,167
25.746
93.444
2,058
66,000
10,704
96,000
27,885
1,167
25,746
161,502
15,460
78,200
26,567
1,142
19,756
141,125
68,058
Total charitable income
93,444
68,058
161,502
141,125
EXPENDITURE
Charitable activities
Charitable activitie5 - Operation
of the Trust
Depreciation
Governance
100,914
887
450
29,983
130,897
887
450
124,449
1,164
450
Total charitable expenditure
102,251
132234
126063
Net income l (expenditure)
(8,807)
38,075
29,268
15,062
Transfers
9.881
(9,881)
Net movement in funds for the
year
1,074
(9,881)
38,075
29,268
15,062
Fund balances brought for4vard
51,427
10,358
56,180
117965
102903
Fund balances carried forward
52,501
477
94.255
147,233 117,965
The statement of financial activities includes all gains and losses in the year.
All income and expenditure derive from continuing activities.
Page 11

SEAHOUSES DEVELOPMENT TRUST
BALANCE SHEET AS AT 31 MARCH 2025
Notes
2025
2024
Fixed Assets
Tangible assets
88,434
88,434
3,496
3,496
Current Assets
Debtors
Cash at bank and in hand
9,098
55,714
64,812
10,493
107,545
118,038
Creditors: Amounts falling due
within one year
Creditors
6,013
3,569
Net Current Assets
58,799
114,469
Total Assets Less Current
Liabilities
147,233
117,965
Creditors: Amounts falling due
after more than one year
12
Net Assets
147 233
117965
Funds
Unrestricted Funds
Designated Funds
Restricted Funds
52,501
477
94,255
51,427
10,358
56,180
14
13
147 233
117965
For the financial period ended 31 March 2025, the company was entitled to exemption from audit under
section 477111 of th8 Companies Acl 2006. and no notice has been deposited under section 47611)
requesting an audit. The trustees acknowledge their responsibilitles for ensuring that the company keeps
accounting record5 which comply with sedion 386 of the Act and preparing accounts which give a true and
fair view of the stale of affairs cf the company a5 at the end of the period and af its profit or loss for the
financial period in accordance with the requirement5 of 5eGtion 394 and which otherwise comply with the
Companies Act 2006, so far a5 applicable to the company.
The financial stat8ments have be8n prepared in accordance with the provision5 of Financial Reporting
standard 102, Section 1 a Small Enlitie5.
Approved by the Board on 251h September 2025 and signed on its behalf by:
A MacPherson, Trustee
Page 12

SEAHOUSES DEVELOPMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
Accountlng Pollcies
General information, Accounting basis and standards
The company is a private company, limlited by guarantee, incorporated in England. The
company constitutes a pu,blic benefit entity as defined by FRS 102
The address of the registered office is:
Seahouses Hub
Stone Close
Seahouses
Northumberland NE68 7YL
These financial statements were authorised for issue by the Board on 251h September
2025.
The financial staternents are prepared under the historical cost convention and in
accordance with the provisions of Financial Reporting Standard 102, Section 1 a Small
Entities, and the Charity Statement of Recommended Practice, (Charities SORP (FRS
102) 2019), as well as the Charities Act 2011.
The financial statements have been prepared on a going concern basis. The directors
consider that the going concern basis is still appropriate, supported by the reasons set out
in the Trustees Report, arryd the review of events after the year end, also as described in
the Trustees Report,
1.2. Income
Donated services and facilities are induded at the value to the charity where this can be
quantified. The value of 6e.rvices provided by volunteers has not been included.
Grants where entitlernent is not.conditional on the delivery of a specific performance by the
charity, are recognised when the charity becomes unconditionally entitled to the grant.
Incoming resources from grants, where related to perfomiance and specific deliverables,
are accounted for as the charity earns the right to consideration by its performance.
All in4x)ming resources are included when the trust is legally entitled to the income and the
amount can be quantifjed with reasonable accuracy.
1.3 Expenditure
Resource5 expended are recognised in the period in which they are incurred and include
attn'butable VAT which cannot be recoyered because the charity is not registered for VAT.
Charitable expenditure ,in,oludes those costs incurred by the charity irry the delivery of its
activities and servicEs for benefioiaries.
Governance costs indude costs associated with meeting the constitutional and statutory
requirernents of tlje char*ty and include accountancy fees.
Page 13

SEAHOUSES DEVELOPMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 MARCH 2025
All costs are allocated between the expenditure categories of the statement of financial
activities on a basis designed to reflect the use of the resource. Costs relating to a specific
activity are allocated directly, others appropriately.
1.4 Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Fixed assets are capitalised, at
cost where the purchase price exceeds £200.
Depreciation is provided at rates calculated to write off the cost less estimated residual
value of each asset over Its expected useful life, as follows..
Freehold land & buildings
Facilities- MUGA
Plant and machinery
Fixtures and fittings
Cinema equipment
10 % per annum, straight1ine
25 % reducing balance
250/0 reducing balance
25 % reducing balance
1.5 Accumulated Funds
Unrestricted funds comprise those funds which the trustees are free to use in accordance
with the charitable objects of the Company and represent the unrestricted balance of funds
generated from previous years trading.
Designated funds are unrestricted funds eamiarked by the trustees for specific purposes.
Restricted funds are to be used for specific purposes as laid down by the donors and the
expenditure which meets these criteria is charged to the relevant fund. Further explanation
of the nature and purpose of each fund is provided in note 13 to the accounts.
2. Income: Grants and donations
Unrestricted
funds
Designated
funds
Restricted
funds
2025
2024
Grants and donations..
NCC
CAN
20,000
1,200
12,500
20,000
6,500
15,000
Community Foundation
Ballinger Charitable Trust
Lord Crewe's Charity
Children in Need
Cinema
grantsldonations
Donations from
subsidiaries
Catherine Cookson Trust
other small grants &
donations etc.
10.000
20,000
40,000
50,000
20,000
7,000
15,000
7,000
15,000
4,903
4,903
4,927
7,960
7,960
10,137
3.000
686
38,646
1,155
68,058
1,841
106,704
396
93,660
Page 14

SEAHOUSES DEVELOPMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
3. Rental and other income
2025
2024
Rental income - Hub
other charitable activities
Insurance claim
Interest receivable
25,746
26,335
1,550
1,167
54,798
19,756
26,567
1.142
47,465
4. Commercial trading operations and investment in trading subsidiary
The wholly owned subsidiary, Seahouses Luxury Linen Hire, which is incorporated in the
United Kingdom pays its taxable profits to the charity by gift aid, The charity is the sole
member and liability is limited to £1. A summary of the trading results of Seahouses
Luxury Linen Hire Limited is shown below:
2025
Summary profit and loss account
Turnover
Cost of sales
Gross profit
Donation to SDT
Administration expenses
Profit for the year
60,321
51,758
8,563
7,960
603
5. Commercial trading operations and investment in trading sub5idiarles
A summary of income received by each company in the group is shown below. Group
turnover was below the audit threshold set by the Charity Commission.
Turnover
Luxury Linen Hire
60,321
Development Trust
161,502
221 ,823
Page 15

SEAHOUSES DEVELOPMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
6. Total expenditure
Staff
costs
Other
costs
Total
2025
Depreciation
Charitable activities..
Operation and development of
the trust
Governance costs
79,102
887
51,795
450
131,784
450
79,102
887
52,245
132,234
Governance costs includes payments to the independent examiner of £450 (2024 -
£450) for independent examination fees.
Page 16

SEAHOUSES DEVELOPMENT TRUST
NOTES TO THE FINANC1AL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
7. Employees
Number of employees
The average monthly number of employees (full-time equivalents) during the year was..
2025
Number
2024
Number
Trust management
Youth project
Hub
Trading subsidiaries
Employment costs
Wages and salaries
Employer Nl & pension
costs
78,018
73,889
1,084
79,102
1,595
75,484
There were no employees whose annual emoluments exceeded £60,000
8. Trustees
None of the trustees (or any person connected with them) received any remuneration or
benefits from the charity during the year.
The charity's regulations do not permit the payment of remuneration to trustees.
Page 17

SEAHOUSES DEVELOPMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAFiCH 2025
Tangible fixed assets
Plant &
Machinery
including
Cinema
Land &
buildings
Hub
Faci lities
Fixtures
Fittings &
Equipment
TOTAL
Cost
At 1 April 2024
938,683
20,265
103,896
41,544
1,104,388
Disposals
Additions
85,825
85,825
At 31 March 2025
938.683
106,090
103,896
41,544
1,190,213
Depreciation
At 1 April 2024
938,683
20,113
101,158
40,938
1,100,892
Disposals
Charge for the year
50
685
152
887
At 31 March 2025
938,683
20,163
1,101 779
Net book values
At 31 March 2025
85,927
454
88,434
At 31 March 2024
152
2,738
606
3,496
The Charity operates from its freehold property at the Seahouses Hub, Seahouses. The Charity holds the
freehold of the land. However, a restrictive Govenant is in place in favour of North Sunderland Parish Council
governing use of the land and staling that in the event of sale of transfer, the property is to be offered back to
Ihe Council for the nominal price of 5p. On this basis, Messrs Smith Gore have valued the property in
December 2014 at 5p. The Trustees have adopted this valuation in these accounts.
Page 18

SEAHOUSES DEVELOPMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
10.
Debtors
2025
2024
Trade debtors /
grants receivable
Amounts owed by trading subsidiaries
1,138
7,960
356
10,137
9,098
10,493
The amounts stated above include balances owed by related companies (see note 16).
11.
Creditors: amounts falling due wlthin one year
2025
2024
Trade creditors
Taxes and social security costs
Accruals
4,346
1,217
450
2,103
1,016
450
6,013
3,569
12.
Creditors". amounts falling due after more than one year
The charity has no long-term creditors.
Page 19

SEAHOUSES DEVELOPMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
13.
Restricted Funds
Balance
at 1 April
2024
Balance at
31 March
2025
Incoming
resources
Resources
expended
Transfersl
Write off
Revenue Funds
Lord Crewe's Charity
(Youth Project)
Children in Need
(Youth Project)
Sir James Knott Trust
Cinema Project
donations and grants
1,751
7,000
7,016
1,735
16,909
2,520
15,000
15,544
2,520
16,365
4,903
4,903
Capital Funds (MUGA)
NCC
Lord Crewe
Community Foundation
Donations
20.000
15,000
20,000
15,000
40,000
1,155
40,000
1,155
56,180
68,058
29,983
94,255
The capital fund relates to the construction of the Multi-use Games Area (MUGA) at the
Hub. The MUGA was completed in the year.
14. Deslgnated Funds
Balance at
1 April
2024
Balance at
31 March
2025
Incoming
resources
Resources
expended
Transfers
First responders
Youth project
Newsletter
477
3,493
6,388
477
<3,493)
(6,388)
10,358
9,881
477
Page 20

SEAHOUSES DEVELOPMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
Analysis of net assets between funds
Fund balances at 31 sl March 2025 are represented by..
Unrestricted
funds
Designated
funds
Restricted
funds
Total
Fixed assets
Current assets
12,279
40,222
76,155
18,100
88,434
58,799
477
52,501
477
94,255
147,233
16.
Related parties
At 31st March 2025 the amount of £7,960 was owed to the Trust by Seahouses Luxury
Linen Hire Limited (SLLH), representing trading profits for the year ended 31 sl March 2025
to be donated to the charity under Gift Aid. This amount is payable to the charity by 31 St
December 2025. Trustees C Brunt and M Jordan are directors of the company.
Page 21