HOLY ISLAND OF LINDISFARNE COMMUNITY DEVELOPMENT TRUST
(A company limited by guarantee)
COMPANY NUMBER 06776737 CHARITY NUMBER 1128208
REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2025
Holy Island of Lindisfarne Community Development Trust
## REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
## **CONTENTS**
||**Page**|
|---|---|
|Legal and administrative information|2|
|Trustees Report|3 - 6|
|Independent Examiners Report|7|
|Statement of Financial Activities|8|
|Balance Sheet|9|
|Statement of cash flow|10|
|Notes to the Financial Statements|11 – 19|
1
Holy Island of Lindisfarne Community Development Trust
## **LEGAL AND ADMINISTRATIVE INFORMATION**
Name of Charity Holy Island of Lindisfarne Community Development Trust Incorporation The organisation was originally established as a charity, Holy Island of Lindisfarne Community Development Trust number 1058246, on 25 September 1996. A new company limited by guarantee, of the same name, was incorporated on 18 December 2008 and registered as a charity on 24 February 2009. All funds were transferred from the old charity to the new charitable company on 1 June 2009. Registered Charity No 1128208 Registered Company No 06776737 Directors and Trustees R Patterson (Chairman) J A Bevan J Crossman P T Douglas R L T Douglas (resigned 21 May 2025) Cllr. C Hardy (resigned 21 May 2025) J A Hewitt (appointed 15 May 2024) Dr R M Hills Rev. Canon Dr S A Hills D S Hughes A R Mundy G S Scott (appointed 21 May 2025) R J Simpson H Stiansen K M Ward R J D Watkin Secretary J Riley Registered Office Lindisfarne Heritage Centre Marygate Holy Island Berwick-upon-Tweed TD15 2SJ Independent Examiner Lucy Smyth 9 Briarwood Avenue, Newcastle upon Tyne, NE3 5DA Bankers Triodos Bank N.V. Brunel House, 11 The Promenade, Bristol BS8 3NN Solicitors T. C. Smith 9 Church Street, Berwick upon Tweed TD15 1EF
2
Holy Island of Lindisfarne Community Development Trust
## **TRUSTEES REPORT FOR THE YEAR ENDING 31 DECEMBER 2025**
## **Introduction**
The Trustees are pleased to present their annual directors’ report and financial statements for the year ending 31 December 2025 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and 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 2019).
## **Objects and Activities**
The Holy Island of Lindisfarne Community Development Trust is a registered charity whose main aims are to promote and improve the social and economic well-being of the inhabitants of the island of Lindisfarne in the County of Northumberland in as many ways which are charitable by law, including:-
_‘for the support or promotion of any charitable purpose for the relief of poverty, the advancement of education (including training for employment or work), the advancement of religion or any other charitable purpose for the benefit of the community in the area of the Island of Lindisfarne’._
The Trust works closely with Northumberland County Council and Holy Island Parish Council to help in achieving these aims. It also works with stakeholders such as Natural England, Northumberland Coast National Landscape, English Heritage and the National Trust – all of whom have a presence on the island.
The trustees’ policy in achieving its objectives is:
1. Securing funding, and managing, long-term let social housing for the benefit of residents. The Trust manages 11 homes on the island. The Trust is working with partners to explore the feasibility of building additional properties.
2. Improve facilities for the use of residents and visitors of Holy Island. The Trust owns and operates the Lindisfarne Centre, which includes a permanent display of Island Heritage, the former Lifeboat House which has been converted to a museum and archive, and the Harbour used by island fishermen. Also, the Trust operates the former Coastguard Lookout Tower as an observation and environmental education facility and Window on Wild Lindisfarne, a high quality bird-hide and environmental education facility on the Rocket Field, adjacent to the harbour.
3. Sponsor and support projects that ensure the ongoing well-being and viability of the community.
The Trust is the host organisation for a community based initiative called Holy Island 2050.
3
Holy Island of Lindisfarne Community Development Trust
## **Volunteers**
The volunteer executive committee of the Company/Trust performs both the function of Directors and Trustees who are responsible for the strategic direction and accountability of the organisation. They are also the set of volunteers who are responsible for the day to day management and administration of the Trust, its properties and its existing projects. They also lead on developing new projects by the use of steering groups, who are added to by additional island residents and external advisors, as and when required.
Normally, the executive committee meet on an approximately bi-monthly basis with one or two project steering groups meeting between Trust meetings. In addition, the Chairman is in almost daily contact with the Lindisfarne Centre staff. No data has been recorded putting a time or monetary value on this volunteer input.
## **Achievements and Performance**
## **Affordable Housing**
The Trust continues to manage 11 homes and it rents them out at affordable levels to island residents in line with an agreed lettings policy. The tenants in the housing continue to contribute to the fabric of the community and its life – something they could not do without the affordable houses. The houses remained fully occupied through the year. In September 2022 the Trust entered into an updated housing management agreement with Bernicia who supply compliance, support and repair services for all the housing units owned by the Trust. The Trust continues to issue tenancy agreements and collect rents. During the year the Trust continued to work with partners to explore the feasibility of building additional properties and continued discussions with land owners.
## **Lindisfarne Centre**
The Centre enjoyed a successful trading year. The Trustees remain committed to supporting the Centre as a focal point for heritage interpretation and visitor information on the island.
## **Harbour**
The harbour was fully operational during the year and day-to-day management continued to be carried out by the harbourmaster.
## **Gospel Garden**
The garden continued to be enjoyed by many visitors and residents during the year and the maintenance of the garden continues to be performed by volunteers.
## **Lifeboat Museum**
The Old Lifeboat House continued to operate as a small museum, free to enter, explaining the lifeboat heritage of the island.
## **Lookout and Rocket Field**
The former Coastguard Lookout Tower has been converted into an observation and information point and is complemented by its sister building, a high-quality bird-hide and environmental information point in the Rocket Field along Harbour Road, Window on Wild Lindisfarne. Both buildings continued to be open to general visitors during the year. The interpretation displays at Window on Wild Lindisfarne were renewed during the year as part of the HI2050 project.
## **Holy Island 2050 project**
Since summer 2020 organisations on Holy Island have been working together on the Holy Island 2050 project. This work resulted in the publication of a strategy and masterplan in 2022 that is owned and has been led by the community. The strategy provides a framework that brings all the pieces in the jigsaw (e.g. planning, enterprise, heritage, visitor management) into a balanced plan. Studies on renewable energy/energy efficiency and tourism were completed during the year. Funding was also secured to investigate a lobster hatchery on the island and to update the interpretation displays at Window on Wild Lindisfarne **.**
4
Holy Island of Lindisfarne Community Development Trust
## **Governance, Structure and Management**
The Holy Island of Lindisfarne Community Development Trust is constituted by Memorandum and Articles of Association adopted on 8 December 2008. It was incorporated as a private company limited by guarantee and not having a share capital on 18 December 2008. It was registered as a Charity in February 2009. In the event of the company being wound up, members are required to contribute an amount not exceeding £1.
## **Executive Committee and Organisational Structure**
The affairs of the Company are conducted by the executive committee (company board). The executive committee of the Company is made up of unpaid volunteers. Since 17 September 2010, these consist of not less than 5 members and not more than 15 members being:-
- (a) Up to four members elected at the annual general meeting, from among those who are eligible to speak and vote at General Meetings of the Charity.
- (b) Nominated members appointed as follows:
- Holy Island Parish Council – Two Members;
- Holy Island Parochial Church Council – One Member;
- Holy Island Fishermen’s Society – One Member;
- Holy Island Village Hall Committee – One Member;
- Northumberland County Council - One Member;
- Holy Island School - One Member
- (c) Members co-opted as in accordance with article 36. The executive committee may in addition fill casual vacancies on the executive committee by co-option, providing that the total number of persons co-opted does not number more than one-third of the total number of members of the executive committee.
All Directors shall retire from office together at the end of the AGM, but they may be re-elected, reappointed or co-opted.
The executive committee met formally four times this year to agree policy and monitor performance and objectives.
The Company is keen to recruit general members. On 31 December 2025 general membership stood at 90 individuals (2024: 91 members).
## **Trustees Induction**
The Company/Charity provides an induction process to new directors by presenting them with copies of important plans and documents and verbally informing them of the operations of the Trust.
## **Risk Review**
The Trust has reviewed its Risk Assessment and addressed the risks contained. This will be continually reviewed and updated using a Risk Log. An independent consultant was engaged in 2019 to advise Trustees on specific Health and Safety risks.
## **Related Parties**
The Trust has a wholly owned subsidiary trading company, Lindisfarne Heritage Centre Limited (LHC Ltd). The share capital was transferred to the ownership of Holy Island of Lindisfarne Community Development Trust in 2011.
5
Holy Island of Lindisfarne Community Development Trust
The Lindisfarne Centre is a visitor and community centre situated on the Island of Holy Island in the U.K. LHC Ltd rents and operates a retail shop at the centre and all of its profits are covenanted back to the Trust via Gift Aid. The Trustees of the charity appoint the directors of the subsidiary company. The Trust has not prepared consolidated accounts which include its subsidiary, Lindisfarne Heritage Centre Limited, as the gross income of the group in the accounting period is less than the audit threshold under the Charities Act 2011.
## **Financial Review**
Total income was £256,789 (2024: £180,426). Grants and donations of £151,701 (2024: £95,378) were received for the Holy Island 2050 project, for which the Trust is the accountable body. The other main source of income remained property rentals of £61,189 (2024: £61,060).
## **Reserves Policy**
The reserves strategy is to maintain a sufficient cash balance to cover annual operating costs and any one-off emergencies. The current priority is to ensure that cash reserves are grown to create an adequate reserve fund to meet expenditure on cyclical repairs to the affordable housing stock. As a result of the decision to repay a mortgage in 2025 the current cash and net assets set aside for affordable housing were -£43,575 (2024: -£69,778) at the end of the financial year. The trustees estimate that annual operating costs of the Charity are approximately £35,000 and current unrestricted cash reserves are £81,566 (2024: £84,907). Trustees are satisfied with the current level of reserves and the re-affirmed the strategy to build up the housing repair fund in February 2025.
## **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 year, 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, the financial position of the charity, and enable them to ensure that the financial statements comply with the Companies Act 2006, and the 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.
This report was approved by the Trustees on 3 June 2026 and signed on its behalf by
**Richard Patterson Chairman**
6
Holy Island of Lindisfarne Community Development Trust
INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF
HOLY ISLAND OF LINDISFARNE COMMUNIry DEVELOPMENT TRUST.
I report on the accounts of The Trust for the year ending 31 Dernber 2025, which are set out on
pages 8 to 19.
Respective responsibilities of trustees and examiner
The trustees, who are also the directors of Holy Island of Lindisfarne Community Development
Trust for the purposes of company law. are responsible for the preparation of the accounts. The
trustees consider that an audit is not required for this year under section 144(2) of the Charities Act
2011 (the 2011 Act) and that an independent examination is needed.
Having satisfied myself Ihal the charity is not subject to audit under company law and is eligible for
independent examination, it is my responsibility to..
{1) examine the accounts under section 145 of the 2011 Act..
(ill to follow the procedures laid down in the general Directions given by the Charity Commission
under section 14515)(b} of the 2011 Act., and
(iii) to state whether particular matters have come to my attention.
Basis of independent examinerfs report
My examination was carried out in accordance with the general Directions given by the Charity
Commission. An examination includes a review of the accounting records kept by the charity and
omparison of the accounts presented with those records. It also includes consideration of any
unusual items or disclosures in the accounts, and seeking explanations from you as trustees
concerning any such matters. The procedures undertaken do not provide all the evidencè that
would be required in an audit and consequently no opinion is given as to whether the accounts
present a 'true and fair view, and the report is limited to those matters set out in the statement
below.
Independent examlnerfs statsment
In connection with my examination. no matter has come to my attention..
{1 } which gives me reasonable cause to believe that in any material respect the requirements..
(i) to keep accounting records in accordance with section 386 of the Companies Act 2006., and
(li) to prepare accounts which accord with the accounting records, comply with the accounting
requirements of section 396 of the Companies Act 2006 and with the methods and principles
of the Statement of Recommended Practice.. Accounting and Reporting by Charities.,
have not been met., or
12) to which, in my opinion, attention should be drawn to enable a proper understanding of the
aGGounts to be reached.
Lucy Smyth, 9 Briarwood Avenue, Newcastle upon Tyne, NE3 5DA
3 June 2026
Holy Island of Lindisfarne Community Development Trust
## **Holy Island of Lindisfarne Community Development Trust Statement of Financial Activities (including income and expenditure account) for year ending 31 December 2025**
|Note
Income:
Donations and legacies
3
Charitable activities
4
Income from trading
subsidiary
5
Investment income
6
**Total income**
Expenditure on:
Charitable activities
7
**Total expenditure**
**Net income**
**(expenditure)**
Transfers between funds
**Net movement in funds**
Reconciliation of funds
Total funds brought
forward
**Total funds carried**
**forward**|**Restricted**
**£**
5,487
222,658
0
0
**228,145**
191,363
**191,363**
**36,782**
(5,454)
**31,328**
1,612,634
**1,643,962**|**Designated**
**£**
1,001
22,082
892
0
**23,975**
17,097
**17,097**
**6,878**
(6,724)
**154**
92,302
**92,456**|**Unrestricted**
**£**
4,381
0
0
288
**4,669**
21,271
**21,271**
**(16,602)**
12,178
**(4,424)**
115,143
**110,719**|**Total**
**2025**
**£**
10,869
244,740
892
288
**256,789**
229,731
**229,731**
**27,058**
0
**27,058**
1,820,079
**1,847,137**|**Total**
**2024**
**£**
15,958
164,191
0
277|
|---|---|---|---|---|---|
||||||**180,426**|
||||||194,837|
||||||**194,837**|
||||||**(14,411)**
0
**(14,411)**
1,834,490
**1,820,079**|
The statement of financial activities includes all gains and losses in the year. All income and expenditure derive from continuing activities.
8
Holy Island of Lindisfarne Community Development Trust
## **Holy Island of Lindisfarne Community Development Trust Balance Sheet as at 31 December 2025**
|Note
**Fixed Assets**
Tangible assets
14
Investments
15
**Total fixed assets**
**Current Assets**
Stocks
16
Debtors
17
Cash at bank and in hand
**Total current assets**
**Liabilities**
Creditors: amounts falling due within
one year
18
**Net current assets**
**Net assets**
**Funds**
20
Restricted funds
Designated funds
Unrestricted funds
**Total charity funds**|**2025**
**£**
1,734,111
29,153
**1,763,264**
3,193
53,707
44,737
**101,637**
(17,764)
**83,873**
**1,847,137**
1,643,962
92,456
110,719
**1,847,137**|**2024**
**£**
1,734,986
29,153|
|---|---|---|
|||**1,764,139**|
|||2,320
10,215
55,601|
|||**68,136**|
|||(12,196)|
|||**55,940**|
||||
|||**1,820,079**|
|||1,612,634
92,302
115,143
**1,820,079**|
For the financial period ended 31 December 2025, the company was entitled to exemption from audit under section 477(1) of the Companies Act 2006; and no notice has been deposited under section 476(1) requesting an audit. The trustees acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act and preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the period and of its profit or loss for the financial period in accordance with the requirements of section 394 and which otherwise comply with the Companies Act 2006, so far as applicable to the company. The financial statements also comply with the Charities Act 2011, the Memorandum and Articles of Association, and 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).
The notes at pages 11 to 19 form part of these accounts.
Approved by the Board on 3 June 2026 and signed on its behalf by:
......................................... R Patterson Chairman
9
Holy Island of Lindisfarne Community Development Trust
## **Holy Island of Lindisfarne Community Development Trust Statement of Cash Flows for year ending 31 December 2025**
|Note
Cash generated from operating activities
22
**Cash flows from investing activities**
Interest income
Purchase of tangible fixed assets
**Cash generated (used) by investing activities**
**Cash flows from financing activities**
Repayment of bank loan
**Cash used in financing activities**
**Increase (decrease) in cash and cash equivalents**
Cash and cash equivalents at the beginning of the year
**Total cash and cash equivalents at the end of the year**|**2025**
**£**
40,684
288
(51,836)
**(51,548)**
0
**0**
**(10,864)**
55,601
**44,737**|**2024**
**£**|
|---|---|---|
|||31,073|
|||277
(35,876)|
|||**(35,599)**|
|||0|
|||**0**|
||||
|||**(4,526)**|
|||60,127
**55,601**|
10
Holy Island of Lindisfarne Community Development Trust
## **NOTES ON THE ACCOUNTS**
## **1. Accounting Policies**
The Company is registered in England and Wales (company number 06776737) and the registered office address is Lindisfarne Heritage Centre, Marygate, Holy Island, Berwick-upon-Tweed, Northumberland, TD15 2SJ. The accounts were approved on 11 February 2026. The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
## **1.1. 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.
Holy Island of Lindisfarne Community Development Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
## **1.2 Income**
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received, and the amount can be measured reliably.
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received, and the amount can be measured reliably and is not deferred.
## **1.3 Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.
## **1.4 Fund accounting**
Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the Trust’s work or for specific projects being undertaken by the Trust. The following restricted and designated funds are in operation:
## Restricted Funds
The Housing Fund is made up of funds which are earmarked for social housing. As and when sufficient funds are built up, the trustees will seek to add to the stock of social housing. The revenue fund is built up to fund ongoing and future repairs to the social housing stock.
The Lookout and Rocket Fund is to manage visitor interpretation facilities.
## The Old Lifeboat House is to manage a museum and interpretation facility.
Holy Island 2050 is to support consultation with the community to develop a vision and strategy for Holy Island to 2050.
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Holy Island of Lindisfarne Community Development Trust
## Designated Funds
The Lindisfarne Centre is the building which houses the visitors centre and its various exhibits as well as acting as the administrative offices for the trust.
The Harbour Fund is to account for repairs and maintenance of the Harbour on Holy Island which was donated to the community.
The Lindisfarne Garden Fund is a community garden with disabled access to interpret the spiritual history of the island.
## **1.5 Expenditure and irrecoverable VAT**
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required, and the amount of the obligation can be measured reliably.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
## **1.6 Tangible fixed assets**
Fixed assets are capitalised at cost where the purchase price exceeds £1,000.
Depreciation on fixed assets is provided at rates estimated to write off the cost or revalued amounts, less estimated residual value, of cash asset over its expected useful life as follows:
|Freehold Land and Building|Nil|
|---|---|
|Housing Fixtures and Fittings|10% straight line|
|Harbour & Lifeboat Land|Nil/2% straight line|
|Harbour Fixtures and Fittings|20% straight line|
|Pier Improvements|20% straight line|
|Lindisfarne Centre|2.5% straight line|
|Garden|10% straight line|
|Fixtures and Fittings|20% reducing balance|
|Computers|50% straight line|
|Heritage and Visitor Buildings|4% straight line|
|Lookout Tower and Window Interpretation|20% straight line|
It is the trust’s policy to revalue all capital projects to fair market value on completion and housing at Kyle Gardens and Tudor Flats was revalued in March 2009. Housing at Green Lane is included in the accounts at cost as building work was completed in 2010.
All assets are reviewed regularly for impairment, and written down to their recoverable value, where necessary.
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit as incurred.
## **1.7 Stock**
Stock is valued at the lower of cost and net realisable value.
## **1.8 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.
## **1.9 Cash at bank and in hand**
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
12
Holy Island of Lindisfarne Community Development Trust
## **1.10 Creditors and provisions**
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.
## **1.11 Financial instruments**
The trust only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **1.12 Management fees**
A charge is transferred from Housing Funds to trust funds to cover administration of the Trusts housing stock. This is presently set at 10% of gross rental income.
## **1.13 Subsidiary activities**
The trust has a wholly owned subsidiary trading company, Lindisfarne Heritage Centre Limited. The share capital is held by the development trust. Lindisfarne Heritage Centre Limited rent the gift shop from the trust and all of its profits are covenanted to the trust. Lindisfarne Heritage Centre is a visitor and community and development centre situated on the Island of Holy Island in the U.K.
The Trust has not prepared consolidated accounts which include its subsidiary, Lindisfarne Heritage Centre Limited, because the consolidated income of the group was less than £500,000.
A summary of the Lindisfarne Heritage Centre Limited’s results can be found at note 5.
## **2. Legal status of the Trust**
The Trust is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.
## **3. Income from donations and legacies**
|Gifts|**2025**
**£**
10,869
**10,869**|**2024**
**£**
15,958
**15,958**|
|---|---|---|
The income from donations and legacies was £10,869 (2024: £15,958) of which £5,487 was unrestricted (2024: £12,001), £1,001 was designated (2024: £416) and £4,381 was restricted (2024: £3,541).
The Trust benefits greatly from the involvement and enthusiastic support of its volunteers, details of which are given in our annual report. In accordance with FRS 102 and the Charities SORP (FRS 102), the economic contribution of general volunteers is not recognised in the accounts.
13
Holy Island of Lindisfarne Community Development Trust
## **4. Income from charitable activities**
|Property rental
Admissions
Government grants
Service charges|**2025**
**£**
61,189
12,540
168,117
2,894
**244,740**|**2024**
**£**
61,060
-
100,345
2,786
**164,191**|
|---|---|---|
## **5. Income from other trading activities**
The wholly owned trading subsidiary Lindisfarne Heritage Centre Ltd is incorporated in the United Kingdom (company number 03883799) and pays all of its profits to the charity under the gift aid scheme. LHC Ltd operates the Lindisfarne Heritage Centre shop carried on at the Trust premises. A summary of the trading results is shown below.
|Turnover
Cost of sales
**Gross profit**
Administrative expenses
Other operating income
**Operating profit**
Interest receivable
**Profit for the year**
Covenanted payment to HILCDT
Retained by subsidiary
The assets and liabilities of the subsidiary were:
Current assets
Current liabilities
**Total assets**
Aggregate share capital and reserves|**2025**
**£**
86,274
(46,342)
**39,932**
(38,758)
1,800
**2,974**
0
**2,974**
892
0
29,154
29,152
**2**
2|**2024**
**£**
69,548
(36,964)|
|---|---|---|
|||**32,584**
(35,866)
1,200|
|||**(2,082)**
0|
|||**(2,082)**
0|
|||(2,082)
29,311
31,393|
|||**(2,082)**
(2,082)|
## **6. Investment income**
All of the Charity’s investment income of £288 (2024: £277) arises from money held in interest bearing deposit accounts.
14
Holy Island of Lindisfarne Community Development Trust
## **7. Analysis of expenditure on charitable activities**
|Insurance
Depreciation
Property
maintenance
Professional fees
Office costs
Rents and rates
Utilities
Oil purchases
Support costs
Governance|**Housing**
**£**
3,509
7,728
1,696
33,752
-
-
-
2,342
6,095
633
**55,756**|**Heritage**
**Buildings**
**£**
3,189
40,118
955
7,598
1,248
995
2,570
-
6,095
633
**63,401**|**Harbour**
**£**
1,272
4,865
440
990
-
-
100
-
6,096
634
**14,397**|**Holy**
**Island**
**2050**
**£**
-
-
-
92,465
3,711
-
-
-
-
-
**96,176**|**Total**
**2025**
**£**
**7,971**
**52,711**
**3,091**
**134,805**
**4,959**
**995**
**2,670**
**2,342**
**18,286**
**1,900**
**229,731**|**Total**
**2024**
**£**
**7,886**
**42,031**
**490**
**108,684**
**1,159**
**149**
**1,613**
**3,575**
**27,450**
**1,800**
**194,837**|
|---|---|---|---|---|---|---|
Expenditure on charitable activities was £229,731 (2024: £194,837) of which £21,271 was unrestricted (2024: £29,249), £17,097 was designated (2024: £6,399) and £191,363 was restricted (2024: £159,189).
## **8. Analysis of governance and support costs**
The Trust initially identifies the costs of its support functions. It then identifies those costs which relate to the governance function. Having identified its governance costs, the remaining support costs together with the governance costs are apportioned equally between the three key charitable activities undertaken (see note 7) in the year.
|Financial management support
Bank charges
Other charges
Annual accounts|**General**
**support**
**£**
12,490
100
5,696
-
**18,286**|**Governance**
**function**
**£**
-
-
-
1,900
**1,800**|**Total**
**Basis of**
**apportionment**
**£**
**12,490**
Equal
**100**
Equal
**5,696**
Equal
**1,900**
Governance
**20,186**|
|---|---|---|---|
15
Holy Island of Lindisfarne Community Development Trust
## **9. Net income/(expenditure) for the year**
|**This is stated after charging:**
Depreciation
Accountants fees|**2025**
**£**
52,711
1,900
**54,611**|**2024**
**£**
43,426
1,800
**45,226**|
|---|---|---|
## **10. Analysis of staff costs and trustee remuneration and expenses**
One trustee (2024: nil) was reimbursed expenses incurred on Trust business totalling £109 (2024: nil). One trustee was paid an honorarium to perform the duties of harbourmaster for the Trust; this was a payment of £990 (2024: £1,222).
No staff members were employed during the year (2024: nil).
## **11. Related party transactions**
During the year the Trust was involved in transactions with its wholly owned subsidiary, Lindisfarne Heritage Centre Limited.
The Trust receives rent from its subsidiary in respect of the Centre gift shop. The yearly rent is £3,000 plus value added tax thereon or the annual operating profit of the subsidiary derived from their occupation of the premises plus value added tax thereon whichever is the lower (2024: £3,000). The Trust paid £1,800 (2024: £1,200) to the Centre as a management charge.
At the year end the Trust was due £3,533 from the Heritage Centre (2024: £0).
The Trust also provides the Heritage Centre with an interest free loan of £29,151 (2024: £29,151), to provide adequate working capital for the business.
## **12. Government Grants**
A total of £168,117 (2024: £100,345) from government grants was received during the year.
## **13. Corporation Taxation**
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
16
Holy Island of Lindisfarne Community Development Trust
## **14. Tangible fixed assets**
|Cost
At 1 January 2025
Additions
As at 31 December 2025
Depreciation
At 1 January 2025
Charge for the year
As at 31 December 2025
Net book values
At 1 January 2025
**At 31 December 2025**|**Land and**
**buildings**
**£**
1,533,197
0
1,533,197
134,187
9,800
143,987
1,399,010
**1,389,210**|**Leasehold**
**property**
**£**
593,333
0
593,333
303,745
23,733
327,478
289,588
**265,855**|**Plant and**
**machinery**
**£**
72,230
0
72,230
72,230
0
72,230
0
**0**|**Fixtures**
**and**
**fittings**
**£**
324,679
51,836
376,515
278,291
19,178
297,469
46,388
**79,046**|**Total**
**£**
2,523,439
51,836|
|---|---|---|---|---|---|
||||||2,575,275|
||||||788,453
52,711|
||||||841,164|
||||||1,734,986
**1,734,111**|
Kyle Gardens and Tudor Flats, two of the company’s investment properties were revalued by Tony Ives FRICS on 23 July 2009. The independent RICS revaluation on the basis of assumptions as to rents, security of tenure and capitalisation of income the values determined for 1-5 Kyle Gardens were £290,000 and 1 and 2 Tudor Flats was £215,000. Green Lane is currently valued at cost. The trustees confirm that these values continue to reflect current market value. In March 2009 a valuation of the assets was undertaken in support of their use as security to support a Triodos mortgage application. The valuations were carried out on the basis that there would be limited open market value on the property given its unmarketability and restricted rent and usage. In the trustees’ opinion recoverable value of the assets is fairly stated in the financial statements. All fixed assets are held for the direct furtherance of the charity’s objectives.
## **15. Investments**
The trust has a wholly owned subsidiary trading company, Lindisfarne Heritage Centre Limited. The share capital is held by Holy Island of Lindisfarne Community Development Trust, which holds two £1 ordinary shares. Lindisfarne Heritage Centre Limited will rent the resource centre from the trust and all of its profits are to be covenanted to the trust. The company commenced trading in August 2000. The Trust also provides the Heritage Centre with an interest free loan of £29,151 (2024: £29,151), to provide adequate working capital for the business. The activities and results of this company are summarised in note 5.
## **16. Stock**
|Oil|**2025**
**£**
3,193
**3,193**|**2024**
**£**
2,320
**2,320**|
|---|---|---|
17
Holy Island of Lindisfarne Community Development Trust
## **17. Debtors**
|Trade debtors
Prepayments
Other debtors
Amounts due from subsidiary undertaking|**2025**
**£**
1,239
8,644
40,291
3,533
**53,707**|**2024**
**£**
490
8,751
974
0
**10,215**|
|---|---|---|
## **18. Creditors: amounts falling due within one year**
|Trade creditors
Taxation
Accruals|**2025**
**£**
11,575
0
6,189
**17,764**|**2024**
**£**
9,906
2
2,288
**12,196**|
|---|---|---|
## **19. Contingent liabilities**
A contingent liability exists in respect of the property, formerly known as the Castle Hotel, and which the charity now owns. If the charity were to sell the property, the £75,000 grant received towards its purchase from the Tudor Trust would become repayable.
## **20. Analysis of movements of funds**
|**Restricted Funds**
Housing
Lifeboat House
Lookout and Rocket
Holy Island 2050
Harbour Capital
**Designated Funds**
Lindisfarne Centre
Harbour
Garden
**Unrestricted funds**
HILCDT
**Total charitable funds**|**Balance**
**1 Jan**
**2025**
**£**
**1,065,180**
**52,032**
**304,557**
**(3,857)**
**194,722**
**1,612,634**
**38,991**
**48,395**
**4,916**
**92,302**
**115,143**
**1,820,079**|**Incoming**
**resources**
**£**
72,957
1,078
2,409
151,701
0
**228,145**
16,432
6,542
1,001
**23,975**
**4,669**
**256,789**|**Resources**
**expended**
**£**
49,028
3,776
37,518
96,176
4,865
**191,363**
13,728
2,802
567
**17,097**
**21,271**
**229,731**|**Transfers**
**£**
(5,454)
-
51,836
(51,836)
-
**(5,454)**
(6,070)
(654)
-
**(6,724)**
**12,178**
**0**|**Balance**
**31 Dec**
**2025**
**£**
**1,083,655**
**49,334**
**321,284**
**(168)**
**189,857**|
|---|---|---|---|---|---|
||||||**1,643,962**
**35,625**
**51,481**
**5,350**|
||||||**92,456**|
||||||**110,719**
**1,847,137**|
18
Holy Island of Lindisfarne Community Development Trust
A transfer of £5,454 (2024: £5,067) between Housing Funds and Unrestricted Funds is a management fee to cover overhead costs in managing the affordable housing portfolio; this has been agreed at 10% of gross rental income per annum.
## **21. Analysis of consolidated net assets between funds**
|**At 31 December 2025**
Tangible fixed assets
Cash at bank and in hand
Other net assets (liabilities)
**Total**
**At 31 December 2024**
Tangible fixed assets
Cash at bank and in hand
Other net assets (liabilities)
**Total**|**Unrestricted**
**funds**
**£**
29,153
78,004
3,562
**110,719**
**Unrestricted**
**funds**
**£**
30,236
95,103
(10,196)
**115,143**|**Designated**
**funds**
**£**
61,794
31,556
(894)
**92,456**
**Designated**
**funds**
**£**
63,669
30,633
(2,000)
**92,302**|**Restricted**
**funds**
**£**
1,672,317
(64,823)
36,468
**1,643,962**
**Restricted**
**funds**
**£**
1,670,234
(57,600)
-
**1,612,634**|**Total**
**£**
1,763,264
44,737
39,136|
|---|---|---|---|---|
|||||**1,847,137**|
|||||**Total**
**£**
1,764,139
68,136
(12,196)
**1,820,079**|
## **22. Reconciliation of net movement in funds to net cash flow from operating activities**
|Net movement in funds
Add back depreciation charge
Deduct interest income shown in investing activities
Decrease (increase) in stock
Decrease (increase) in debtors
Increase (decrease) in creditors
**Net cash generated by operating activities**|**2025**
**£**
27,058
52,711
(288)
(873)
(43,492)
5,568
**40,684**|**2024**
**£**
(14,411)
43,426
(277)
760
4,069
(2,494)
**31,073**|
|---|---|---|
19