**REGISTERED COMPANY NUMBER: 07271654 (England and Wales) REGISTERED CHARITY NUMBER: 1138808**
## **REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS**
**YEAR ENDED 31 MARCH 2021**
**Southern Holderness Resource Centre**
Southgates Chartered Certified Accountants Owthorne Manor 2 Hubert Street Withernsea East Yorkshire HU19 2AT
**Southern Holderness Resource Centre**
## **CONTENTS OF THE FINANCIAL STATEMENTS**
## **for the year ended 31 March 2021**
||**Page**|
|---|---|
|**Report of the trustees**|1 to 3|
|**Independent examiner's report**|4|
|**Statement of financial activities**|5|
|**Balance sheet**|6 to 7|
|**Notes to the financial statements**|8 to 16|
|**Detailed statement of financial activities**|17 to 18|
**Southern Holderness Resource Centre**
## **REPORT OF THE TRUSTEES**
## **for the year ended 31 March 2021**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of 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).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The objective of the charity is to provide a Resource Centre for the use of the community of Withernsea and Southern Holderness.
## **Significant activities**
This report reflects work within the SHORES operations, and also highlights how SHORES staff and members have worked together to respond to new challenges that have arisen over the past year due to the pandemic
The start of the pandemic saw a call to action - to meet the needs of community, to redeploy the profession where urgently required, to stop and restart services, and to ensure safe access to settings, such as the centre, and the Millennium Green play park. It was by listening to community and stakeholders that we were able to prioritise these needs and work in partnership to deliver the support and solutions the residents needed.
As the year went on, we continued to engage with other stakeholders - through working groups, surveys and social media - to identify the impact of the pandemic on members' wellbeing and morale, access to services, we could voice members' and service users' concerns to key decision makers. Though challenges continue, we have shown that we are innovative, solution-focused and flexible enough to rise to them.
In October 2020, we opened the area's first social supermarket, that in turn provides financial support to the continuing demand on foodbank provision. Shores Community Pantry attracted over 300 members within the first two weeks of operations, and to date has nearly 600 members. From initial analysis we have identified that we are saving our member approximately £800 per year.
## **Volunteers**
The trustees would like to thank all the staff and volunteers, whose commitment, dedication and support continuously shine out. All members of the committee have seen them tirelessly support the many activities that the centre has either delivered or hosted, going above and beyond the call of duty each and every day.
On behalf of the Southern Holderness Resource Centre Committee we would like thank all staff volunteers and stakeholders, without their support Shores would not be as it is today, bringing a variety of skills and qualities to our community. As a committee it is not only important to ensure that we have a social impact on our community, but we have a financial stability.
Page 1
**Southern Holderness Resource Centre**
## **REPORT OF THE TRUSTEES**
## **for the year ended 31 March 2021**
## **OBJECTIVES AND ACTIVITIES Financial position**
In the year ended 31st March 2021 the charity made a surplus of £72,065 (2020 - £13,173). The net assets of the charity were £77,719 (2020 - £5,654).
## **Future plans**
We are determined to ensure that the next five years is about focusing efforts on providing lasting change, through supporting all of our community and especially it's people out of deprivation.
Our strategy is all about maximising our impact and ensuring that all aspects of our work deliver real progress to the goals set.
We will also adapt and develop our services to make sure we can truly support people who are facing multiple challenges and exclusion.
Through our strategic partnerships we will focus on the areas that will have the greatest impact on tackling social isolation, economic development and health and wellbeing.
To achieve this strategy, collaboration is paramount. We will continue to work closely with our colleagues across the public, private and voluntary sectors, showing how joined up thinking and joined up doing can make a positive and real difference to those in need.
We are extremely grateful to those who support Shores every year, who generously give their time, money and voice to why this amazing community deserves support, investment and respect. We will nurture and grow this support, developing those into the next generation of community leaders We also have an important responsibility to challenge some of the negative stereotypes of our community and showcase the positivity that thrives within area.
Internally, we will continue to develop our organisation in line with our values. We will enable staff to work in more flexible ways, emphasising multidisciplinary working within the organisation.
Above all, and crucial to our success, is that everything we do will always be informed by the experiences and insights of local people.
By joining forces in every way we can, together we have the knowledge, solutions and power to make a real and positive difference to our community.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
## **Recruitment and appointment of new trustees**
The trustees form the Executive Committee of the charity. The members of the Executive Committee are elected at the Annual General Meeting by the members of the Charity.
## **Organisational structure**
The board of trustees manages the Charity, and aims to consider strategic and management decisions at its meetings. Trustees are aware that any conflicts of interest are declared and minuted.
## **Induction and training of new trustees**
New trustees undergo induction training, provided by the Chair/Vice Chair of the Executive Committee. The induction includes a discussion about the role and responsibilities of trustees, the activities, aims and objectives of the charity, the structure of the organisation, board of trustees, general procedures of the organisation.
Page 2
**Southern Holderness Resource Centre**
## **REPORT OF THE TRUSTEES**
## **for the year ended 31 March 2021**
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number** 07271654 (England and Wales)
**Registered Charity number** 1138808
## **Registered office**
29-31 Seaside Road Withernsea East Yorkshire HU19 2DL
## **Trustees**
Mrs C Laycock Director/Trustee Mrs L Healing Director/Trustee Mrs A Illingworth Director/Trustee Mrs J Sturt Director/Trustee
## **Independent Examiner**
Antony Rookes FCCA Southgates Chartered Certified Accountants Owthorne Manor 2 Hubert Street Withernsea East Yorkshire HU19 2AT
Approved by order of the board of trustees on 23 December 2021 and signed on its behalf by:
Mrs L Healing - Trustee
Page 3
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SOUTHERN HOLDERNESS RESOURCE CENTRE**
## **Independent examiner's report to the trustees of Southern Holderness Resource Centre ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.
## **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 accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company 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 accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of the Association of Chartered Certified Accountants which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts 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 accounts to be reached.
Antony Rookes FCCA Southgates Chartered Certified Accountants Withernsea
23 December 2021
Page 4
## **Southern Holderness Resource Centre**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **for the year ended 31 March 2021**
|Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**7,483**
**Charitable activities**
Funding for charitable operations
**104,718**
Grants for charitable operations
**-**
Other trading activities
2
**116,972**
Investment income
3
**15**
**Total**
**229,188**
**EXPENDITURE ON**
**Raising funds**
Raising donations and legacies
4
**16,187**
Other trading activities
**18,274**
**34,461**
**Charitable activities**
Costs in furtherance of charitable objects
**114,370**
Grant funded initiatives
**292**
**Total**
**149,123**
**NET INCOME/(EXPENDITURE)**
**80,065**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**(2,346)**
**TOTAL FUNDS CARRIED FORWARD**
**77,719**|Restricted
funds
£
**-**
**-**
**88,927**
**-**
**-**
**88,927**
**-**
**-**
**-**
**-**
**96,927**
**96,927**
**(8,000)**
**8,000**
**-**|**2021**
**Total**
**funds**
**£**
**7,483**
**104,718**
**88,927**
**116,972**
**15**
**318,115**
**16,187**
**18,274**
**34,461**
**114,370**
**97,219**
**246,050**
**72,065**
**5,654**
**77,719**|2020
Total
funds
£
7,149
-
15,997
212,316
148
235,610
-
38,751
38,751
175,689
7,997
222,437
13,173
(7,519)
5,654|
|---|---|---|---|
The notes form part of these financial statements
Page 5
## **Southern Holderness Resource Centre (Registered number: 07271654)**
## **BALANCE SHEET 31 March 2021**
|Unrestricted
funds
Notes
£
**FIXED ASSETS**
Tangible assets
9
**650**
**CURRENT ASSETS**
Debtors
10
**257,520**
Cash at bank and in hand
**110,857**
**368,377**
**CREDITORS**
Amounts falling due within one year
11
**(291,308)**
**NET CURRENT ASSETS**
**77,069**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**77,719**
**NET ASSETS/(LIABILITIES)**
**77,719**
**FUNDS**
13
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Restricted
funds
£
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**2021**
**Total**
**funds**
**£**
**650**
**257,520**
**110,857**
**368,377**
**(291,308)**
**77,069**
**77,719**
**77,719**
**77,719**
**-**
**77,719**|2020
Total
funds
£
1,414
252,578
47,106
299,684
(295,444)
4,240
5,654
5,654
(2,346)
8,000
5,654|
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 6
## **Southern Holderness Resource Centre (Registered number: 07271654)**
## **BALANCE SHEET - continued**
## **31 March 2021**
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 23 December 2021 and were signed on its behalf by:
Mrs L Healing - Trustee
The notes form part of these financial statements
Page 7
**Southern Holderness Resource Centre**
**NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2021**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost Motor vehicles - 25% on reducing balance Computer equipment - 50% on cost
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Hire purchase and leasing commitments**
Rentals paid under operating leases are charged to the Statement of financial activities on a straight line basis over the period of the lease.
## **Pension costs and other post-retirement benefits**
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **Financial instruments**
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Page 8
**Southern Holderness Resource Centre**
## **NOTES TO THE FINANCIAL STATEMENTS - continued**
## **for the year ended 31 March 2021**
## **2. OTHER TRADING ACTIVITIES**
|**2.**
**OTHER TRADING ACTIVITIES**|||
|---|---|---|
|Training and support services
Photocopying
Rent
Room hire
Contracting
Big local management
Other income
**3.**
**INVESTMENT INCOME**
Deposit account interest
**4.**
**RAISING DONATIONS AND LEGACIES**
Support costs
**5.**
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets
Hire of plant and machinery
Other operating leases
Deficit on disposal of fixed assets|**2021**
**£**
**51,826**
**67**
**30,986**
**41**
**12,123**
**21,889**
**40**
**116,972**
**2021**
**£**
**15**
**2021**
**£**
**16,187**
**2021**
**£**
**258**
**2,512**
**1,948**
**206**|2020
£
137,751
197
24,402
26,696
-
23,229
41
212,316
2020
£
148
2020
£
-
2020
£
428
4,440
11,244
-|
||||
## **6. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
Page 9
**Southern Holderness Resource Centre**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2021**
## **7. STAFF COSTS**
The average monthly number of employees during the year was as follows:
## **8.**
|Staff wages
No employees received emoluments in excess of £60,000.
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
funds
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
7,149
**Charitable activities**
Grant funded initiatives
-
Other trading activities
212,316
Investment income
148
**Total**
219,613
**EXPENDITURE ON**
**Raising funds**
Other trading activities
38,751
38,751
**Charitable activities**
Costs in furtherance of charitable objects
175,689
Grant funded initiatives
-
**Total**
214,440
**NET INCOME**
5,173
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
(7,519)
**TOTAL FUNDS CARRIED FORWARD**
(2,346)|**2021**
**12**
Restricted
funds
£
-
15,997
-
-
15,997
-
-
-
7,997
7,997
8,000
-
8,000|2020
11
Total
funds
£
7,149
15,997
212,316
148
235,610
38,751
38,751
175,689
7,997
222,437
13,173
(7,519)
5,654|
|---|---|---|
Page 10
**Southern Holderness Resource Centre**
## **NOTES TO THE FINANCIAL STATEMENTS - continued**
## **for the year ended 31 March 2021**
## **9. TANGIBLE FIXED ASSETS**
|Fixtures
and
fittings
£
**COST**
At 1 April 2020
**19,008**
Disposals
**-**
At 31 March 2021
**19,008**
**DEPRECIATION**
At 1 April 2020
**18,100**
Charge for year
**258**
Eliminated on disposal
**-**
At 31 March 2021
**18,358**
**NET BOOK VALUE**
At 31 March 2021
**650**
At 31 March 2020
908
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
Other debtors
Loan - Shores Homecare Limited
Loan - Shores Community Diner Limited
Loan - Seaside Radio Limited
VAT
Prepayments|Motor
Computer
vehicles
equipment
£
£
**1,200**
**1,550**
**(1,200)**
**-**
**-**
**1,550**
**694**
**1,550**
**-**
**-**
**(694)**
**-**
**-**
**1,550**
**-**
**-**
506
-
**2021**
**£**
**135,054**
**193**
**20,505**
**56,311**
**39,040**
**2,008**
**4,409**
**257,520**|Totals
£
**21,758**
**(1,200)**
**20,558**
**20,344**
**258**
**(694)**
**19,908**
**650**
1,414
2020
£
125,303
193
18,130
64,493
38,023
2,259
4,177
252,578|
|---|---|---|
## **10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
The loans included in the amounts above are all due after one year.
Page 11
**Southern Holderness Resource Centre**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2021**
|**11.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other loans (see note 12)
Trade creditors
Social security and other taxes
Loan - Shores Homecare Limited
Credit card
Other creditors
Accruals and deferred income
**12.**
**LOANS**
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Loan - Southern Holderness Resource Centre (un-incorporated)
**13.**
**MOVEMENT IN FUNDS**
At 1.4.20
£
**Unrestricted funds**
General fund
**(2,346)**
**Restricted funds**
ERYC - South Holderness food bank
**7,500**
Big Local - Covid food bank
**500**
**8,000**
**TOTAL FUNDS**
**5,654**|**2021**
**£**
**277,837**
**9,367**
**2,024**
**228**
**19**
**-**
**1,833**
**291,308**
**2021**
**£**
**277,837**
Net
movement
in funds
£
**80,065**
**(7,500)**
**(500)**
**(8,000)**
**72,065**|2020
£
277,837
13,300
2,013
-
75
228
1,991
295,444
2020
£
277,837
At
31.3.21
£
**77,719**
**-**
**-**
**-**
**77,719**|
|---|---|---|
Page 12
**Southern Holderness Resource Centre**
## **NOTES TO THE FINANCIAL STATEMENTS - continued**
## **for the year ended 31 March 2021**
## **13. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
ERYC - South Holderness food bank
Big Local - Covid food bank
ERYC - Love Your High Street
Two Ridings Community Foundation
Take it, Make it, Eat it
Social Enterprise Support Fund
**TOTAL FUNDS**|Incoming
resources
£
**229,188**
**-**
**-**
**18,937**
**12,000**
**9,990**
**48,000**
**88,927**
**318,115**|Resources
Movement
expended
in funds
£
£
**(149,123)**
**80,065**
**(7,500)**
**(7,500)**
**(500)**
**(500)**
**(18,937)**
**-**
**(12,000)**
**-**
**(9,990)**
**-**
**(48,000)**
**-**
**(96,927)**
**(8,000)**
**(246,050)**
**72,065**|
|---|---|---|
## **Comparatives for movement in funds**
||||Net||
|---|---|---|---|---|
||||movement|At|
||At 1.4.19||in funds|31.3.20|
||£||£|£|
|**Unrestricted funds**|||||
|General fund|(7,519)||5,173|(2,346)|
|**Restricted funds**|||||
|ERYC - South Holderness food bank||-|7,500|7,500|
|Big Local - Covid food bank||-|500|500|
|||-|8,000|8,000|
|**TOTAL FUNDS**|(7,519)||13,173|5,654|
Page 13
**Southern Holderness Resource Centre**
## **NOTES TO THE FINANCIAL STATEMENTS - continued**
## **for the year ended 31 March 2021**
## **13. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Groundwork - Play park equipment
Big Local - men in sheds
ERYC - Play park equipment
ERYC - South Holderness food bank
Big Local - Covid food bank
**TOTAL FUNDS**|Incoming
resources
£
219,613
3,000
497
1,000
11,000
500
15,997
235,610|Resources
Movement
expended
in funds
£
£
(214,440)
5,173
(3,000)
-
(497)
-
(1,000)
-
(3,500)
7,500
-
500
(7,997)
8,000
(222,437)
13,173|
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
|||Net||
|---|---|---|---|
|||movement|At|
||At 1.4.19|in funds|31.3.21|
||£|£|£|
|**Unrestricted funds**||||
|General fund|(7,519)|85,238|77,719|
|**TOTAL FUNDS**|(7,519)|85,238|77,719|
Page 14
**Southern Holderness Resource Centre**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2021**
## **13. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Groundwork - Play park equipment
Big Local - men in sheds
ERYC - Play park equipment
ERYC - South Holderness food bank
Big Local - Covid food bank
ERYC - Love Your High Street
Two Ridings Community Foundation
Take it, Make it, Eat it
Social Enterprise Support Fund
**TOTAL FUNDS**|Incoming
resources
£
448,801
3,000
497
1,000
11,000
500
18,937
12,000
9,990
48,000
104,924
553,725|Resources
Movement
expended
in funds
£
£
(363,563)
85,238
(3,000)
-
(497)
-
(1,000)
-
(11,000)
-
(500)
-
(18,937)
-
(12,000)
-
(9,990)
-
(48,000)
-
(104,924)
-
(468,487)
85,238|
|---|---|---|
## **14. RELATED PARTY DISCLOSURES**
## **Southern Holderness Resource Centre (un-incorporated)**
A charity with shared trustees.
At 1st April 2014 the company took over the charitable activities of Southern Holderness Resource Centre, an un-incorporated charity with common trustees. The un-incorporated charity retained the freehold property from which the charitable company continues to perform its activities.
The company received loan finance from Southern Holderness Resource Centre with a balance of £277,837 outstanding at the year end.
## **Shores Community Diner Limited**
A company with shared directors.
In previous years the company made sales to Shores Community Diner Limited. There was a balance of £48,291 owing at the year end.
The company provided loan finance to Shores Community Diner Limited with a balance of £56,311 owed at the year end.
## **Shores Homecare Limited**
A company with shared directors.
In previous years the company made sales to Shores Homecare Limited. There was a balance of £30,049 owing at the year end.
The company provided loan finance to Shores Homecare Limited with a balance of £20,505 owed at the year end.
Page 15
**Southern Holderness Resource Centre**
**NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2021**
## **14. RELATED PARTY DISCLOSURES - continued**
## **Seaside Radio Limited**
A company with shared trustees.
During the year the company made sales to Seaside Radio Limited valuing £8,800. These transactions took place on normal commercial terms. There was a balance of £53,185 owing at the year end.
The company provided loan finance to Seaside Radio Limited with a balance of £39,040 owed at the year end.
## **15. LIMITED BY GUARANTEE**
The company is Limited by Guarantee. Every member undertakes to contribute an amount not exceeding £10.00 to the company's assets if it should be wound up while he or she is a member or within one year of ceasing to be a member.
Page 16
**Southern Holderness Resource Centre**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2021**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
**Other trading activities**
Training and support services
Photocopying
Rent
Room hire
Contracting
Big local management
Other income
**Investment income**
Deposit account interest
**Charitable activities**
Grants
Shores pantry income
**Total incoming resources**
**EXPENDITURE**
**Other trading activities**
Wages
Pensions
Work programme costs
Travel costs
**Charitable activities**
Wages
Pension
Training costs
Hire of plant and machinery
Rent, rates and water
Light and heat
Insurance
Telephone and internet
Carried forward|2021
£
**7,483**
**51,826**
**67**
**30,986**
**41**
**12,123**
**21,889**
**40**
**116,972**
**15**
**176,641**
**17,004**
**193,645**
**318,115**
**18,274**
**-**
**-**
**-**
**18,274**
**137,959**
**2,397**
**363**
**2,512**
**1,948**
**7,700**
**2,161**
**6,607**
**161,647**|2020
£
7,149
137,751
197
24,402
26,696
-
23,229
41
212,316
148
15,997
-
15,997
235,610
36,909
8
10
1,824
38,751
112,451
2,268
77
4,440
11,244
6,556
1,817
6,108
144,961|
|---|---|---|
This page does not form part of the statutory financial statements
Page 17
## **Southern Holderness Resource Centre**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES**
## **for the year ended 31 March 2021**
|**Charitable activities**
Brought forward
Postage and stationery
Sundries
Repairs
Motor and travel expenses
Advertising
Subscriptions
Licences
Cleaning
Project costs
Recruitment expenses
Depreciation of tangible fixed assets
Loss on sale of tangible fixed assets
**Support costs**
**Finance**
Bank charges
Loss on sale of tangible fixed assets
**Governance costs**
Accountancy fees
Total resources expended
**Net income**|2021
£
**161,647**
**3,284**
**104**
**3,488**
**1,931**
**630**
**10,308**
**157**
**971**
**28,317**
**287**
**259**
**506**
**211,889**
**32**
**(300)**
**(268)**
**16,155**
**246,050**
**72,065**|2020
£
144,961
4,536
687
5,527
1,436
3,516
829
153
1,982
4,000
-
427
-
168,054
32
-
32
15,600
222,437
13,173|
|---|---|---|
This page does not form part of the statutory financial statements
Page 18