Newbiggin by the Sea Heritage Partnership
Charity No. 1121602
Company No. 06255729
Trustees' Report and Unaudited Accounts
31 March 2025
Newbiggin by the Sea Heritage Partnership Contents
| Pages | ||
|---|---|---|
| Trustees' Annual Report | 2 to 5 | |
| Independent Examiner's Report | 6 | |
| Statement of Financial Activities | 7 | |
| Summary Income and Expenditure Account | 8 | |
| Balance Sheet | 9 | |
| Statement of Cash flows | 10 | |
| Notes to the Accounts | 11 to | 18 |
| Detailed Statement of Financial Activities | 19 to | 20 |
Page 1
Newbiggin by the Sea Heritage Partnership Trustees Annual Report
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 March 2025.
REFERENCE AND ADMINISTRATIVE DETAILS
Company No. 06255729
Charity No. 1121602
Registered Office
Newbiggin Maritime Centre Church Point Newbiggin by the Sea Northumberland NE64 6DB
Directors and Trustees
The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:
E.G. Air L.J. Calder B. Chilton S.R. Eaton S. Harrison B. Mead J.P. Shipley
==> picture [298 x 118] intentionally omitted <==
Accountants
Accounting for Good CIC 2 Geordie Ridley Place Upper Precinct Wesley Court Blaydon on Tyne Tyne and Wear NE21 5BT
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Page 2
Newbiggin Heritage Partnership; Trustees’ Annual Report
Reporting Period 1.4.24 to 31.3.25
Charity name: Newbiggin Heritage Partnership Ltd
Charity registration number: 1121602 Company Number: 06255729
Objectives and Activities
Newbiggin Heritage Partnership was established to ‘advance the education of the public in the history and development of Newbiggin by the Sea’ Its objectives include the establishment and maintenance of a heritage centre, providing information, learning and community experiences. It engages with other charities and local government in the pursuit of its objectives, receiving funds to In pursuit of its objectives, in particular to deliver public benefit, the Partnership has;
-
Continued to promote the Maritime Centre Museum and Rocket House, providing the public with the opportunity to experience the rich maritime history of Newbiggin by the Sea,
-
Invested in public events including a range of now well established public festivals throughout the year,
-
Provided free hot meals and beverages over the winter period,
-
Provided access and equipment for disabled residents and visitors free of charge,
-
Continued to provide materials, information and activities to encourage the public to explore and learn more about the history and culture of the tow.
The board of trustees of Newbiggin Heritage Partnership Ltd are aware , and take full account of Charity Commission Guidance on public benefit.
Our decisions on, for example, the annual public events programme, participation in environmental projects and provision of facilities, place public benefit at the heart of everything we do.
The Partnership is extremely fortunate to have an incredible team of volunteers, without whom the experience offered would not be as comprehensive. Our volunteers assist with maintenance, reception and enhancing the visitor experience. We remain proud of, and grateful to, those Volunteers who have supported us over the year.
Achievements and Performance
The Heritage Partnership continues to focus on delivering its core objectives to provide a Heritage Maritime Centre with facilities for education, training and leisure. We continue to focus on encouraging visitors to the village through our landmark building and year round programme of events and activities.
The 2023/4 programme provided Newbiggin residents and visitors with a wide range of engaging and fun activities for public benefit including:
-
Regular free music from the popular North Sea Gas in the Breakwater Café;
-
Performances from the Northumberland Theatre Company and Elliot Smith School of Dance;
-
The spectacular annual Kite and Classic Car festivals;
-
The BCSS Northern Cactus and Succulent Society show;
-
Organising and hosting the Newbiggin Maritime Festival, Day at the Seaside and Meet Santa events;
-
Hosting events engaging participants in beach cleaning and litter picking;
Page 3
-
Showcasing a wide range of art throughout the year in the Breakwater Café and Latimer Room, and:
-
Offering a ‘warm space’ to help support residents over the winter at the peak of the cost of living increases.
The Maritime Centre and Rocket House have been appreciated and visited by an increased number of visitors, and we continued to open up beach access for all through our amazing beach wheelchairs
The Partnership also started work with the Catapult Centre for Renewable Energies in Blyth to assist with an exciting project to test and measure wind energy and has continued to provide work experience and training for adults with learning difficulties.
The Heritage Partnership continues to work closely with local and regional government, actively participating in groups and partnerships dedicated to the regeneration and growth of Newbiggin by the Sea, building on its culture and heritage.
Financial Review
The Trustees are pleased to report a stable financial position as set out in the Annual Accounts. Income remains positive, with a slight increase in reserves.
Income for the year was £88946 with a surplus of £54403, the there are no restricted reserves in the charity however the designated and unrestricted reserves of the charity were £3,160,657 which includes the designated fund for the land and buildings of £2494798.
The Partnership has been working closely with Northumberland County Council and Newbiggin Town Council in respect of the Borderlands regeneration programme and has developed plans for potential future investment in further capital developments at the Maritime Centre and it is to start a programme of essential maintenance and upgrading at the Centre in 2025/26.
The Board of Trustees also intends to review its investment policy in the coming year.
Structure, Governance and Management
Newbiggin Heritage Partnership Ltd is a private company limited by guarantee without share capital Its governing document is its Memorandum of Association dated 25 April 2007.
Our established Board of Trustees considers all applications for election to the Board.
Electees must be formally nominated to a join and this seconded by another Board member.
The Board of Trustees decides on any new trustee appointments. Normally this takes place at the Annual General Meeting however appointments can be made throughout the year by email.
Specific posts for example Chair, Deputy, Secretary are ratified annually by the Board of Trustees at the AGM.
Exemptions from Disclosure
N/A
Page 4
Newbiggin by the Sea Heritage Partnership Trustees Annual Report
Signed on behalf of the board
L. Calder Trustee 07 December 2025
Page 5
Newbiggin by the Sea Heritage Partnership Independent Examiners Report
Independent Examiner's Report to the trustees of Newbiggin by the Sea Heritage Partnership
I report to the charity trustees on my examination of the financial statements of Newbiggin by the Sea Heritage Partnership for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.
Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements 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.
Independent examiner's statement
I have completed my examination. I can confirm that no material 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 Act ; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement 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 accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection 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 Geordie Ridley Place Upper Precinct Wesley Court Blaydon on Tyne Tyne and Wear NE21 5BT 07 December 2025
Page 6
Newbiggin by the Sea Heritage Partnership Statement of Financial Activities
for the year ended 31 March 2025
| Notes 4 5 6 7 8 Income and endowments from: Donations and legacies Charitable activities Other Total Expenditure on: Other Total Net gains on investments Net income Transfers between funds Net income before other gains/(losses) Other gains and losses Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds 2025 £ 53,571 5,352 27,500 |
Restricted funds 2025 £ 2,523 - - |
Total funds 2025 £ 56,094 5,352 27,500 |
Total funds 2024 £ 44,765 5,375 24,000 |
|---|---|---|---|---|
| 86,423 33,836 |
2,523 707 |
88,946 34,543 |
74,140 13,251 |
|
| 33,836 - |
707 - |
34,543 - |
13,251 - |
|
| 52,587 2,016 |
1,816 (2,016) |
54,403 - |
60,889 - |
|
| 54,603 | (200) | 54,403 | 60,889 | |
| 54,603 3,106,054 |
(200) 200 |
54,403 3,106,254 |
60,889 3,045,365 |
|
| 3,160,657 | - | 3,160,657 | 3,106,254 |
Page 7
Newbiggin by the Sea Heritage Partnership Summary Income and Expenditure Account
for the year ended 31 March 2025
| Income Gross income for the year Expenditure Depreciation and charges for impairment of fixed assets Total expenditure for the year Net income before tax for the year Net income for the year |
2025 £ 88,946 88,946 32,201 2,342 34,543 54,403 54,403 |
2024 £ 74,140 |
|---|---|---|
| 74,140 | ||
| 12,907 344 |
||
| 13,251 | ||
| 60,889 | ||
| 60,889 |
Page 8
Newbiggin by the Sea Heritage Partnership Balance Sheet
at 31 March 2025
| Company No. 06255729 Notes 2025 £ Fixed assets Tangible assets 10 2,606,168 2,606,168 Current assets Debtors 11 12,036 Cash at bank and in hand 541,354 553,390 Creditors:Amount falling due within one year 12 1,099 Net current assets 554,489 Total assets less current liabilities 3,160,657 Net assets excluding pension asset or liability 3,160,657 Total net assets 3,160,657 The funds of the charity Restricted funds 13 Restricted income funds - - Unrestricted funds 13 General funds 665,859 Designated funds 2,494,798 3,160,657 Reserves 13 Total funds 3,160,657 |
2024 £ 2,579,627 |
|---|---|
| 2,579,627 12,000 515,982 |
|
| 527,982 (1,355) |
|
| 526,627 3,106,254 |
|
| 3,106,254 | |
| 3,106,254 | |
| 200 | |
| 200 611,256 2,494,798 |
|
| 3,106,054 | |
| 3,106,254 |
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 31 March 2025 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 07 December 2025
And signed on its behalf by:
L.Calder
Trustee
07 December 2025
Page 9
Newbiggin by the Sea Heritage Partnership Statement of Cash flows for the year ended 31 March 2025
| Cash flows from operating activities Net income per Statement of Financial Activities Adjustments for: Depreciation of property, plant and equipment Dividends, interest and rents from investments Increase in trade and other receivables (Decrease)/Increase in trade and other payables Net cash provided by operating activities Cash flows from investing activities Payments for property, plant and equipment Dividends, interest and rents from investments Net cash (used in)/from investing activities Net cash from financing activities Net increase in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year Components of cash and cash equivalents Cash and bank balances |
2025 £ 54,403 2,342 (27,500) (36) (2,454) 26,755 (28,883) 27,500 (1,383) - 25,372 515,982 541,354 541,354 541,354 |
2024 £ 60,889 344 (24,000) (11,348) 406 |
|---|---|---|
| 26,291 (1,500) 24,000 |
||
| 22,500 | ||
| - | ||
| 48,791 | ||
| 467,193 | ||
| 515,984 | ||
| 515,982 | ||
| 515,982 |
Page 10
Newbiggin by the Sea Heritage Partnership Notes to the Accounts
for the year ended 31 March 2025
- 1 Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: 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) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
Fund accounting
-
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
-
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
-
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
Income
-
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
-
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
-
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities 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 receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 11
Newbiggin by the Sea Heritage Partnership Notes to the Accounts
Expenditure
-
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
-
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
-
Grants payable 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 paid.
-
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
-
Other expenditure These are support costs not allocated to a particular activity.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Plant & Machinery 25% Straight Line
Land & property as well as the fixtures and fittings are leased and the leaseholder is responsible for their upkeep therefore the trustees decided that these assets should not be depreciated.
Freehold investment property
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
Stocks
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair 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 debtors 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.
Page 12
Newbiggin by the Sea Heritage Partnership Notes to the Accounts
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. 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.
Trade and other creditors
Short term creditors are measured at the transaction price. 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 estimated reliably. Creditors and provisions are normally recognised at their 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.
Foreign currencies
Monetary assets and liabilities denominated in currencies 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 exchange differences are are taken into account in arriving at net income/expenditure.
Leased assets
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially 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 minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing 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 basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
Pension costs
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. 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 administered funds.
Page 13
Newbiggin by the Sea Heritage Partnership Notes to the Accounts
Receipt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
2 Company status
The company is a private company limited by guarantee and consequently does not have share capital.
3 Statement of Financial Activities - prior year
| Income and endowments from: Donations and legacies Charitable activities Other Total Expenditure on: Other Total Net income Transfers between funds Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 4 Income from donations and legacies Donations |
Unrestricted £ 53,571 53,571 |
Unrestricted funds 2024 £ 43,524 5,375 24,000 72,899 12,374 12,374 60,525 364 60,889 60,889 3,045,165 3,106,054 Restricted £ 2,523 2,523 |
Restricted funds 2024 £ 1,241 - - 1,241 877 877 364 (364) - - 200 200 Total 2025 £ 56,094 56,094 |
Total funds 2024 £ 44,765 5,375 24,000 |
|---|---|---|---|---|
| 74,140 13,251 |
||||
| 13,251 | ||||
| 60,889 - |
||||
| 60,889 | ||||
| 60,889 3,045,365 |
||||
| 3,106,254 | ||||
| Total 2024 £ 44,765 |
||||
| 44,765 |
Page 14
Newbiggin by the Sea Heritage Partnership Notes to the Accounts
5 Income from charitable activities
| Recharges 6 Other income Rental Income LiDAR Income 7 Other expenditure Premises costs Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets General administrative costs Legal and professional costs 8 Net income before transfers This is stated after charging: Depreciation of owned fixed assets 9 Staff costs |
Unrestricted £ 21,848 2,342 7,859 1,787 33,836 |
Unrestricted £ 5,352 5,352 Unrestricted £ 12,000 15,500 27,500 |
Total 2025 £ 5,352 5,352 Total 2025 £ 12,000 15,500 27,500 |
Total 2024 £ 5,375 |
|---|---|---|---|---|
| 5,375 | ||||
| Total 2024 £ 24,000 - |
||||
| 24,000 | ||||
| Restricted £ 707 - - - 707 2025 £ 2,342 |
Total 2025 £ 22,555 2,342 7,859 1,787 34,543 |
Total 2024 £ 1,752 344 8,960 2,195 |
||
| 13,251 | ||||
| 2024 £ 344 |
No employee received emoluments in excess of £60,000.
Page 15
Newbiggin by the Sea Heritage Partnership Notes to the Accounts
10 Tangible fixed assets
| Cost or revaluation At 1 April 2024 Additions At 31 March 2025 Depreciation and impairment At 1 April 2024 Depreciation charge for the year At 31 March 2025 Net book values At 31 March 2025 At 31 March 2024 11 Debtors Prepayments and accrued income 12 Creditors: amounts falling due within one year Other taxes and social security Other creditors Accruals |
Land and buildings £ 2,298,147 - 2,298,147 - - - 2,298,147 2,298,147 |
Plant & Machinery £ 16,332 9,740 26,072 15,176 2,065 17,241 8,831 1,156 2025 £ 12,036 12,036 2025 £ (2,050) 2 949 (1,099) |
Fixtures & Fittings £ 280,324 19,143 299,467 - 277 277 299,190 280,324 |
Total £ 2,594,803 28,883 |
|---|---|---|---|---|
| 2,623,686 | ||||
| 15,176 2,342 |
||||
| 17,518 | ||||
| 2,606,168 | ||||
| 2,579,627 | ||||
| 2024 £ 12,000 |
||||
| 12,000 | ||||
| 2024 £ 27 379 949 |
||||
| 1,355 |
Page 14
Newbiggin by the Sea Heritage Partnership Notes to the Accounts
13 Movement in funds
| 13 | Movement in funds | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Incoming | |||||||||||
| At 1 | April | resources (including other |
Resources expended |
Gross transfers |
At 31 March 2025 |
||||||
| 2024 | gains/losses) | ||||||||||
| £ | £ | £ | £ | ||||||||
| Restricted funds: | |||||||||||
| Restricted income funds: | |||||||||||
| Beach Wheelchairs | 200 | 2,523 | (707) | (2,016) | - | ||||||
| Total | 200 | 2,523 | (707) | (2,016) | - | ||||||
| Unrestricted funds: | |||||||||||
| General funds | 611,256 | 86,423 | (33,836) | 2,016 | 665,859 | ||||||
| Designated funds: | |||||||||||
| General Day to Day | |||||||||||
| Management & Operations | 2,494,798 | - | - | - | 2,494,798 | ||||||
| Total | 2,494,798 | - | - | - | 2,494,798 | ||||||
| Total funds | 3,106,254 | 88,946 | (34,543) | - | 3,160,657 | ||||||
| Purposes and restrictions in relation to | the funds: | ||||||||||
| Restricted funds: | |||||||||||
| Beach Wheelchairs | |||||||||||
| Designated funds: | |||||||||||
| General Day to Day | |||||||||||
| Management & Operations | |||||||||||
| 14 | Analysis of net assets between funds | ||||||||||
| Unrestricted funds |
Restricted funds |
Total | |||||||||
| £ | £ | £ | |||||||||
| Fixed assets | 2,606,168 | - | 2,606,168 | ||||||||
| Net current assets | 13,135 | 541,354 | 554,489 | ||||||||
| 2,619,303 | 541,354 | 3,160,657 | |||||||||
| 15 | Reconciliation of net debt | ||||||||||
| At 31 | |||||||||||
| At 1 April | March | ||||||||||
| 2024 | Cash flows | 2025 | |||||||||
| £ | £ | £ | |||||||||
| Cash and cash equivalents | 515,982 | 25,372 | 541,354 | ||||||||
| 515,982 | 25,372 | 541,354 | |||||||||
| Net debt | 515,982 | 25,372 | 541,354 |
Page 17
Newbiggin by the Sea Heritage Partnership Notes to the Accounts
16 Related party disclosures
Controlling party
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 18
Newbiggin by the Sea Heritage Partnership Detailed Statement of Financial Activities
for the year ended 31 March 2025
| Income and endowments from: Donations and legacies Donations Charitable activities Recharges Other Rental Income LiDAR Income Total income and endowments Expenditure on: Premises costs Rates Light, heat and power Premises repairs and maintenance General administrative costs, including depreciation and amortisation Depreciation of Plant & Machinery Depreciation of Fixtures & Fittings Bank charges General insurances Sundry expenses Legal and professional costs Audit/Independent examination fees Accountancy and bookkeeping Solicitor's fees Other legal and professional costs Total of expenditure of other costs |
Unrestricte d funds 2025 £ 53,571 53,571 5,352 5,352 12,000 15,500 27,500 86,423 12 219 21,617 21,848 2,342 - 190 7,558 111 10,201 950 816 21 - 1,787 33,836 |
Restricted funds 2025 £ 2,523 2,523 - - - - - 2,523 - - 707 707 - - - - - - - - - - - 707 |
Total funds 2025 £ 56,094 56,094 5,352 5,352 12,000 15,500 27,500 88,946 12 219 22,324 22,555 2,342 - 190 7,558 111 10,201 950 816 21 - 1,787 34,543 |
Total funds 2024 £ 44,765 |
|---|---|---|---|---|
| 44,765 | ||||
| 5,375 | ||||
| 5,375 | ||||
| 24,000 - |
||||
| 24,000 | ||||
| 74,140 - 199 1,553 |
||||
| 1,752 | ||||
| 344 - 170 8,094 696 |
||||
| 9,304 | ||||
| 950 771 - 474 |
||||
| 2,195 | ||||
| 13,251 |
Page 19
Newbiggin by the Sea Heritage Partnership Detailed Statement of Financial Activities
| Newbiggin by the Sea Heritage Partnership Detailed Statement of Financial Activities |
||||
|---|---|---|---|---|
| Total expenditure Net gains on investments Net income Transfers between funds Net income before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
33,836 - 52,587 2,016 54,603 - 54,603 3,106,054 3,160,657 |
707 - 1,816 (2,016) (200) - (200) 200 - |
34,543 - 54,403 - 54,403 - 54,403 3,106,254 3,160,657 |
13,251 - |
| 60,889 - |
||||
| 60,889 - |
||||
| 60,889 | ||||
| 3,045,365 | ||||
| 3,106,254 |
Page 20