Newblggln by the Sea Herltsge Partnershlp
Charlty No. 1121602
Company No. 06255729
Trustees, Report and Unaudlted Accounts
31 March 2024

Newbiggin by the Sea Heritage Partnershlp
Contents
Pages
Trustees, Annual Report Independent
Examiner's Report
Statement of Financial Activities
Summary Income & Expenditure Account
Balance Sheet
Statement of Cashflows
Notes to the Accounts
Detailed Statement of Financial Actlvities
15
Page I

Trustees Annual Report
The day to day management of the activities of Newbiggin by the Sea Heritage
Partnership has been successfully achieved this year. The company continues
with its operation of Newbiggin Maritime Centre and Newbiggin Rocket House.
2023-24 has been a successful year for the Partnership.
The Rocket House, Kite and Maritime Festivals, Heritage Open Days, live theatre
productions and Art Exhibitions were visited and appreciated by an increased
number of visitors.
Throughout the wlnter months, NHP funded a 'Warm Space, to help support the
local community through the cost of living increase.
Newbiggin Heritage Partnership continued to provide work exp8rienca and training
for adults with leaming differences.
The trustees would like to record their thanks to the many volunteers who have
helped and supported the work of the company. Also to local Funders and the
many members of the public who have contributed donations throughout
the year.
Signed on behalf of the Trustees:
Grace E Air
Trustee
15 October 2024
Page 2

Newbiggln by the Sea Heritage Partnership
Independent Examiners Report
Independent Examlner's Report to the trustees of Newbi8Eln by the Sea Heritage Partnershlp
I reportto the charlty trustees on my examination of the financial statements of Newbiggln by the Sea
Heritage Partnership for the year ended 31 March 2024.
Responslbilities and basis of report
As the charity's trustees of the company land also its directors for the purposes of company lawl you are
responsible for the preparatlon of the financial statements in accordance wlth the requlrements of the
Companle5 Act 20061'the 2006 Act.
Havin8 satisfled myself that the financial statements of the Charity are not required to be audlted under Part
16 of the 2006 Act and are ellgible for independent examination, I report in respect of my examination of
vour charity's financial statements as carried out under section 145 of the Charities Act 2011 {'the 2011 Act,).
In carrying out my examlnation I have followed the Directions given by the Charity Commission under section
14515) Ib) of the 2011 Act.
Independent examlner's statement
I have completed my examinatlon. I can conflrm that no materlal matters have come to my attention In
connection with the examination giving me cause to believe:
accounting records were not kept in accordance with section 386 of the 2006 Art," or
• the financial statements do not accord wSth those records,. or
the financial statements do not comply with the accountlng requirements under section 396 of the 2006
Act other than any requlrement that the financial statements give a 'true and fair, view which Is not a
matter considered as part of an independent examination; or
• the financial statements have not been prepared in accordance with the methods and principles of the
Statement of Recommended Practice for accountlng and reporting by charities appllcable to charities
preparlng their accounts In accordance wlth the Financial Reportlng Standard appllcable In the UK and
Republic of Ireland IFRS 1021.
I have no concerns and have come across no other matters in connectlon with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the financial
statements to be reached.
Kay Wightman FFA FTA
Accounting for Good CIC
2 Geordle Ridley Place
Upper Precinct Wesley Court
Blaydon on Tyne
Tyne and Wear
NE215BT
15 October 2024
Page 3

Newbiggin by the Sea Heritage Partnershlp
Statement of Financial Activities
for the year ended 31 March 2024
Unre5trlcted
funds
2024
Restricted
fund5 Total ￿ndS Total fi•nds
2024
2024
2023
Notes
Income and endowments
from:
Donations and legacles
Charitable activities
Other
43,524
5,375
24,000
1,241
44,765
5,375
24,000
143,356
2,761
Total
72,899
1,241
Expenditure on.,
Other
74,140
146,117
Total
12,374
12,374
877
13,251
13,251
22,994
22,994
Net galns on Investments
Net Incorne
Transfers between funds
Net income before other
gains/(lossesl
Other gains andlosses
Net movement In funds
Reconcillation of fvnds:
Total funds brought forward
Total funds carrSed forward
877
60,525
364
60,889
123,123
364
{364)
60,889
60,889
123,123
60,889
60,889
123,123
3,045,165
200
3,045,365
2,922,242
3,045,365
3,106,054
200
3.106,254
Page 4

Newbiggin by the Sea Heritage Partnershlp
Summary Income and Expendlture Account
for the year ended 31 March 2024
2024
2023
Income
74,140
146,117
GF0s5 Income for the year
Expenditure
74,140
146,117
12.907
21,27S
Depreciation and charges for
Impairment of flxed assets
344
1,719
Total expendlture for the year
Net income before tax for the year
Net Income for the year
13,251
22,994
60.889
123,123
60,889
123,123
Page S

Newbiggln by the Sea Herltage Partnership
Balance Sheet
at 31 March 2024
Company No. 0625S729
Notes
2024
Flxed assets
Tangible assets
2023
10 2,579,627
2.579,627
Current a5setS
Debtors
Cash at bank and in hand
2,578,471
2,578,471
li
12,000
515,982
527,982
{1,3551
526,627
3,106.254
3,106,254
3,106,254
652
467,193
467,845
{951)
466.894
3,045,365
3,045,365
3,045,365
Credltors: Amount falling due wlthin one year
Net current assets
Total assets less current liabllitie5
Net assets excludSn£ penslon asset or Ilablllty
Total net assets
12
The funds of the charlty
Restrfrted fvnds
Restrlcted income funds
13
200
200
Unrestrirted funds
General funds
Des18nated funds
200
200
13
611,256
2,494,798
3,106,054
550,367
2,494,798
3,045,165
Reserves
13
Totsl funds
3,106,254
3,045,365
These accounts have been prepared In accordance with the special provlsions of Part 15 of the Companies
Act 2006 relating to small companSes.
For the year ended 31 March 2024 the company was entitled to exemption under sectlon 477 of the
Companies Act 2006 relating to Small companies.
The members have not required the company to obtaln an audlt In accordance with section 476 of the
Companies Att 2006.
The d1￿CtorS acknowledge thelr responslbllltles for complying With the requirements of the Companies Act
2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 15 October 2024
And signed on its behalf bF..
Gr
EAir
Trustee
15 October 2024
Page 6

Newbiggln by the Sea Herltage Partnershlp
Statement of Cash flows
for the year ended 31 March 2024
2024
2023
Cash flow5 from operatlng activltles
Net income per Statement of Financlal Activltles
60,889
123,123
Adjustments for..
Depreciation of property, plant and equipment
Dividends, interest and rents from investments
(Increase)/Decrease in trade and other receivables
Increase/(Decreasel in trade and other payable5
344
(24,0001
{11,3481
406
1,719
14,007
(500)
Net cash provlded by operatlng actlvlties
26,291
138,349
Cash flows from Investlng actlvitles
Payments for property, plant and equlpment
Divldends, interest and rents from Investments
11,500)
24,000
(87,460)
Net cash from/(used In) investlng actlvitles
22,500
{87,460)
Net cash from flnanclng actlvltles
Net Increase in cash and cash equlvalents
48,791
50,889
Cash and cash equlvalents at the beglnnlnz of the year
467,193
416,303
Cash and cash equivalents at the end of the year
515,984
467,192
Components of cash and cash equlvalents
Cash and bank balances
515,982
467,193
515,982
467,193
Page 7

Newblggln by the Sea Heritage Partnershlp
Notes to the Attounts
for the year ended 31 March 2024
l Accountlng policles
Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charitie5:
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) {effertlve I
January 2015) - (Charitles SORP {FRS 102}}, the Financial Reporting Standard appllcable in the UK and
Republic of Ireland {FRS 102) and the Companies Act 2006.
Change In basls of accountlng or to prevlous attounts
There has been no change to the accountln8 policies Ivaluatlon rules and method of accounting) since
last year and no changes have been made to accounts for previous years.
Fund accountlng
Unrestricted funds These are avallable for use at the dlscretion of the trustees in furtherance of the
De51gnated funds
general objects of the charlty.
Revaluatlon funds
These are unrestricted funds earmarked by the trustee5 for particular purposes.
These are unrestricted funds which Include a revaluation reserve representlng the
restatement of investment assets at their market values.
These are available for use subject to restrlctions imposed by the donor or through
terms of an appeal.
Re5trlcted funds
Income
Recognitlon of
income
Income Is Included In the Statement of Financial Activlties (SOFA) when the charity
becomes entitled to, and vlrtually certaln to recelve, the income and the amount of
the income can be measured with suffleient rellabllity.
Income wlth related Where income has related expenditure the Income and related expendlture Is
expendrture
reported gross in the SOFA.
Donations and
legacies
Voluntary income recelved by way of grants, donations and glfts is Included in the
the SOFA when receivable and only when the Charlty has unconditlonal
entitlement to the income.
Tax reclaims on
Income from tax reclaims is included in the SOFA at the same tlme as the
donations and glfts gift/donation to whlch it relates.
Donated services
and facillties
These are only included In Income {wlth an equivalent amount in expendlture)
where the benefit to the Charity Is reasonably quantifiable, measurable and
material.
Volunteer help
The value of any volunteer help received is not Included in the accounts.
Investment income This is Included in the accounts when recelvable.
Gains/(losses) on
This Includes any gain or loss resulting from revaluing investments to market value
revaluatlon of fixed at the end of the year.
assets
Galns/{lossesl on
investment assets
This includes any gain or loss on the sale of investments.
Page 8

Newbiggln by the Sea HeritsEe Partnership
Notes to the Accounts
Expenditure
Recognition of
expenditure
Expendlture 15 recognised on an accruals basis. Expenditure includes any VAT which
cannot be fully recovered, and is reported as part of the expendrture to which it
relates.
Expenditure on
raising funds
These comprlse the costs associated wlth attracting voluntary income, fundralsing
Expenditure on
trading costs and investment management costs.
These comprise the costs incurred by the Charity in the delivery of its actlvrties and
charitable activities services in the furtherance of its objects, including the making of grants and
governance costs.
All grant expenditure is accounted for on an actual paid basis plus an accrual for
grants that have been approved by the trustees at the end of the year but not yet
pald.
These include those costs associated with meeting the constitutional and statutory
requirements of the Charity* Including any audivindependent examination fees.
osts linked to the strategic management of the Charity, together with a share of
other administration costs.
These are support costs not allocated to a particular actlvity.
Grants payable
Governance costs
Other expenditure
Taxatlon
The charity is exempt from corporatlon tax on its charltable actlvlties.
Tanglble flxed assets and depreclatlon
Depreciation is provided at the following annual rate5 in orderto write off each asset over its estimated
useful life:
Plant & Machlnery
25% Stralght Line
Freehold investment property
Investment propertles are measured Initlally at cost and subsequently at falr value at each balance sheet
date and are not depreciated. All gains or losses are taken to the Statement of Financial Activlties as they
arlse.
Stocks
Stock is Included at the lower of c05t or net reali5able value. Donated items of stock are recognised at falr
value which is the amount the charity would have been willing to pay for the items on the open market.
Trade and other debtors
Trade and other debtor5 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.
Cash and cash equlvalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits wlth banks and other
short-term highly liquid investments wlth original maturities of three months or less and bank overdrafts.
In the statement of financlal posltion, bank overdrafts are shown within borrowlngs or current liabllities.
In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are
repayable on demand and form an integral part of the company's cash management.
Page 9

Newblggin by the Sea Heritsge Partnership
Notes to the Accounts
Trade and other creditors
Short term creditors are measured at the transactlon prlce. Other creditors and provisions 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
estlrnated rellably. Credltors and provisions are normally recognised at thelr settlement amount after
allowing for any trade discounts due.
Research and development
Expenditure on research and development is written off In the year in which It is incurred.
Forelgn currencle$
Monetary assets and liabilities denominated in currencles other than the functional currency of the
charity are translated at the rates of exchange prevailing at the end of the reporting period.
Transactions In currencies other than the functional currency of the charity are recorded at the rate of
exchange on the date that the transaction occurred.
All exchan8e differences are are taken into account In arrlving at net Income/expenditure.
Leased assets
Where the charity enter5 into a lease which entails taking substantially all the rlsks and rewards of
ownership of an asset, the lease is treated as a finan￿ lease.
Leases which do not transfer substantlally all the risks and rewards of ownershlp to charlty are classified
as operatlng leases.
Assets held under finance leases are initlally recognised as assets of the charity at their fair value at the
inception of the lease or, if lower, at the present value of the rn5nlmum lease payments. The
corresponding Ilability to the lessor is included in the balance sheet date as a finance lease obligation.
Lease payments are apportioned between finance expenses and reductlon of the lease obllgation so as to
achieve a constant rate of interest on the remainlng balance of the Ilability. Flnance expenses are
recognlsed immediately, unless they are directly attributable to qualifying a55ets, In whSch case they are
capltalised in accordance with the charity's policy on borrowin8 Costs.
Assets held under finance leases are depreciated In the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basls over the lease term.
In the event that lease Incentlves are recelved to enter into operating leases, such Incentives are
recognised as a liabS11ty. The a8gregate beneflt of Incentives is recognlsed as a reduct5on of rental
expense on a stralght-llne basls.
Penslon costs
The charity operates a deflned contributlon plan for Its employees. A deflned contrlbution plan is a
pension plan under whlch the company pays fixed contributions into a separate entity. Once the
contributions have been paid the company has no further payments obli8ation5. The contributions are
recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet.
The assets of the plan are held separately from the company in independently admlnistered funds.
RLxeipt of donated goods. facllitles and services
All donated goods, facilities and services recelved are recognised withln incoming resources and
expenditure at an estlmate of the value to the charity.
Page 10

Newblg£ln by the Sea Heritage Partnership
Notes to the Accounts
2 Company status
The company is a prlvate company limited by guarantee and consequently does not have share capltal.
3 Statement of Financial Activltles - prlor year
Unrestricted
funds
Restricted
funds Total funds
2023
2023
2023
Income and endowments from:
Donations and legacles
Charitable actlvlties
143.356
2,761
143,356
2,761
Total
146,117
146,117
Expendlture on:
other
22,994
22,994
Total
22,994
22,994
Net Income
123,123
123,123
Net Income before other
galnslllosses)
Other galns and losses;
Net movement In funds
123,123
123,123
123,123
123,123
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
2,922,042
200
2,922,242
3,045.165
200
3,045,365
4 Income from donatlons and legacles
Unrestrlcted
Re5tr1cted
Total
2024
Total
2023
Donations
43,524
43,524
1,241
1,241
44,765
44,765
143,356
143.356
5 Income from charltable activltle5
Unrestrlcted
Total
Total
2023
2024
5,375
5.375
5,375
5,375
2,761
2,761
PaEe 11

Newbiggln by the Sea Heritage Partnership
Notes to the Accounts
6 Other income
Unrestricted
Total
Totsl
2023
2024
24.000
24,000
24,000
24,000
7 Other expendlture
Unrestrlrted
Restrlcted
Total
Total
2024
2023
Premises costs
Amortlsation, depreciation,
impairment, profivloss on
disposal of fixed assets
General administratlve cost5
Legal and professlonal costs
1,294
458
1,752
14,998
344
1,719
8,721
2,015
12,374
239
8,960
2,195
13,251
4,964
1,313
22,994
180
877
8 Net Income before transfers
2024
2023
Thls Is stated after charging-
Depreclation of owned fixed a55ets
9 Staff c05ts
No employee received emoluments in excess of £60,000.
10 Tanglble fixed assets
344
1,719
Land and
bulldln8S
Plant &
Machlnery
Total
Cost or revaluatlon
At l April 2023
Additions
At 31 March 2024
Depreclatlon and
impalrment
At l April 2023
Depreclation charge for the
Year
At 31 March 2024
2,298.147
14,832
1,500
16,332
280,324
2.593,303
1,500
2,594,803
2,298,147
280,324
14,832
14,832
344
344
15,176
15,176
Net book value5
At 31 March 2024
At 31 March 2023
2,298,147
2,298,147
1,156
280,324
280,324
2,579,627
2,578,471
Page 12

Newblggin by the Sea Heritage Partnership
Notes to the Accounts
11 Debtors
2024
2023
VAT recoverable
Prepayments and accrued income
17
635
12.000
12,000
652
12 Creditors:
amounts falling due within one year
2024
2023
Other taxes and social security
other creditors
Accruals
27
379
949
1,355
9SI
951
13 Movement In funds
Incomlng
resources
Resources
•xpended
At31
March
2024
(Includin8
At l April
other
2023 galnsllosse$)
Gross
transfers
Restricted funds:
Restrlcted Income funds:
Beach Wheelchairs
Equlpment Purchase5
200
200
1,241
(877)
13641
Total
200
1,241
18771
(364)
200
Unrestrlrted funds:
General funds
550,367
72,899
112,374)
364
611,256
Designated funds:
General Day to Day
Management & Operations
Total
2,494,798
2,494,798
2,494,798
2,494,798
Total funds
3,045,365
74,140
113,2511
3,106,254
Purposes and restriction5 in relation to the funds:
Restricted funds:
Beach Wheelchairs
Equipment Purchases
De5iBnated funds:
General Day to Day
Management & Operations
Page 13

NeWbi￿1n by the Sea Heritage Partnershlp
Notes to the Accounts
14 Analysls of net a55ets between funds
Unrestricted
funds
Restrfcted
funds
Total
Fixed assets
Net current assets
2,579,627
10,645
2,590,272
2,579,627
526,627
3,106,254
515,982
515,982
15 Reconcillatlon of net debt
At31
March
2024
At l April
2023
Cash flows
Cash and cash equlvalents
467,193
467,193
48,789
48,789
515,982
515,982
Net debt
467,193
48,789
515,982
16 Related party dlsclosures
Controlling party
The company Is Ilmlted by guarantee and has no share capital. thus no slngle party controls the company.
Page 14

Newbiggin by the Sea Herltage Partnership
Detailed Statement of Flnancial Activities
for the year ended 31 March 2024
Unrestricte
d funds
Restricted
funds Total funds
2024
2024
Totsl funds
2023
2024
Income and endowments from:
Donations and legacies
Donations
43,524
43,524
1,241
1,241
44,765
44,765
143,356
143,356
Charltable actlvlties
5,375
5,375
5,375
5,375
2,761
2,761
Other
24,000
24,000
24,000
24,IXIO
Total Income and endowments
72.899
1,241
74,140
146,117
Expendlture on:
Premises costs
Light, heat and power
Premlses repair5 and
maintenance
199
199
1,095
458
1,553
14,998
1,294
458
1,752
14,998
General administratlve costs,
includlng depreciation and
amortlsation
Depreciation of Plant &
Machinery
Bank charges
General insurances
Postage and courlers
Sundry expenses
344
344
1,719
170
8,094
170
8,094
179
4,580
102
457
239
239
696
103
6,683
9,065
9,304
Legal and professional costs
Audit/lndependent examination
fees
Accountancy and bookkeeping
Other legal and professlonal
costs
950
950
950
771
771
363
294
180
474
2,015
180
2,195
1,313
Total of expenditure of other costs
Total expendlture
Net galns on investments
12,374
877
13,251
22,994
12,374
877
13,251
22,994
Net income
60,525
364
60,889
123,123
Page 15

NewbSggln by the Sea Heritage Partnership
Detsiled Statement of Financial Activities
Transfers between funds
364
1364)
Net income before other
galnslllosses)
Other Gains
60,889
60,889
123,123
Net movement In funds
60,889
60,889
123,123
Reconciliatlon of funds:
Total funds brought forward
3,045,165
200
3,045,365
2,922,242
Total funds carrled forward
3,106,054
200
3,106,254
3,045,365
Page 16