OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← Southern Holderness Resource Centre

2024-03-31-accounts

REGISTERED COMPANY NUMBER: 07271654 (England and Wales) REGISTERED CHARITY NUMBER: 1138808

Report of the Trustees and Financial Statements

Year Ended 31 March 2024 Southern Holderness Resource Centre

Southgates Chartered Certified Accountants 9 Market Place Hedon East Yorkshire HU12 8JA

Southern Holderness Resource Centre

Contents of the Financial Statements for the year ended 31 March 2024

Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Cash Flow Statement 7
Notes to the Cash Flow Statement 8
Notes to the Financial Statements 10 to 18
Detailed Statement of Financial Activities 19 to 20

Southern Holderness Resource Centre

Report of the Trustees for the year ended 31 March 2024

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 2024. 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

As with many charities the length and breadth of the UK, the ongoing challenges of the cost of living crisis has significantly impacted us as well as the community we serve. The escalating costs of everything has meant we have to act with due diligence and caution in our expenditure, whilst still aiming to fulfil our community commitments. As we all know this is not an easy task, but as a board of trustees working with the CEO we have continued to maintain financial stability by being proactive, regularly reviewing anticipated need, and evolving a more efficient cost-effective practices.

Over recent years, we have developed our organisation, and its people, and more importantly our ability to support our community. At the same time, we have continued to enhance our credibility and our reputation, locally, regionally and nationally as a positive example of a proactive multi functional community hub. We are determined that the next five years will be about focusing our efforts on lasting change, through supporting people and our community 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 and resources to make sure we can truly support people who are facing multiple challenges and exclusion.

Through our strategic partnerships we have focused on the areas that have had the greatest impact on tackling social isolation, economic development and health and wellbeing. One of these partnerships with the Humber Learning Consortium related to UK Shared Prosperity Funding. Our team recognised that engaging individuals onto skills and employability provision when they are struggling with the cost of living crisis was not beneficiary's biggest priority. So by integrating a voucher system to be spent with the pantry as part of the activity, enabled hundreds of individuals to benefit. The huge success of this has been recognised across the county as well as central government with representatives visiting the centre.

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, as without their support Shores it 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 2024

OBJECTIVES AND ACTIVITIES

Financial position

In the year ended 31 March 2024 the charity made a surplus of £296,728 (2023 - £34,911). The net assets of the charity were £425,937 (2023 - £129,209).

Future plans

2025 marks 20 years of serving our community. We will continue evolving our strategy, collaboration is paramount. So, 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 for 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.

STRATEGIC REPORT

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.

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 (resigned 31/7/2023) Mrs P Hart Director (appointed 24/5/2023) Miss C Hart Director (appointed 24/7/2023)

Page 2

Southern Holderness Resource Centre

Report of the Trustees for the year ended 31 March 2024

REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner

Antony Rookes Southgates Chartered Certified Accountants 9 Market Place Hedon East Yorkshire HU12 8JA

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 11 February 2025 and signed on the board's 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 2024.

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 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

  2. 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

  3. 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

Southgates Chartered Certified Accountants Hedon

11 February 2025

Page 4

Southern Holderness Resource Centre

Statement of Financial Activities

for the year ended 31 March 2024

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
6,372
Charitable activities
5
Charitable activities
69,369
Grant funded initiatives
-
Other trading activities
3
391,745
Investment income
4
859
Total
468,345

EXPENDITURE ON
Raising funds
Other trading activities
6
163,104
163,104
Charitable activities
7
Charitable activities
5,179

Total
168,283

NET INCOME/(EXPENDITURE)
300,062
RECONCILIATION OF FUNDS
Total funds brought forward
97,542
TOTAL FUNDS CARRIED FORWARD
397,604		 Restricted
funds
£
-
59,180
90,000
-
-
149,180
-
-
152,514
152,514
(3,334)
31,667
28,333		 2024
Total
funds
£
6,372
128,549
90,000
391,745
859
617,525
163,104
163,104
157,693
320,797
296,728
129,209
425,937		 2023
Total
funds
£
14,927
112,790
47,500
208,850
261
384,328
212,914
212,914
136,503
349,417
34,911
94,298
129,209

The notes form part of these financial statements

Page 5

Southern Holderness Resource Centre (Registered number: 07271654)

Balance Sheet 31 March 2024

Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
13
24,574
CURRENT ASSETS
Debtors
14
253,237
Cash at bank and in hand
425,488
678,725
CREDITORS
Amounts falling due within one year
15
(305,695)
NET CURRENT ASSETS
373,030
TOTAL ASSETS LESS CURRENT LIABILITIES
397,604
NET ASSETS/(LIABILITIES)
397,604
FUNDS
17
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
-
28,333
28,333
-
28,333
28,333
28,333		 2024
Total
funds
£
24,574
253,237
453,821
707,058
(305,695)
401,363
425,937
425,937
397,604
28,333
425,937		 2023
Total
funds
£
5,239
209,362
198,281
407,643
(283,673)
123,970
129,209
129,209
97,542
31,667
129,209

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The financial statements were approved by the Board of Trustees and authorised for issue on 11 February 2025 and were signed on its behalf by:

Mrs L Healing - Trustee

The notes form part of these financial statements

Page 6

Southern Holderness Resource Centre
Cash Flow Statement
for the year ended 31 March 2024
2024
Notes
£
Cash flows from operating activities
Cash generated from operations
1
281,928
Net cash provided by operating activities
281,928
Cash flows from investing activities
Purchase of tangible fixed assets
(27,248)
Interest received
859
Net cash used in investing activities
(26,389)
Change in cash and cash equivalents in
the reporting period
255,539
Cash and cash equivalents at the
beginning of the reporting period
198,281
Cash and cash equivalents at the end of
the reporting period
453,821		 2023
£
111,153
111,153
(1,242)
261
(981)
110,172
88,110
198,281

The notes form part of these financial statements

Page 7

Southern Holderness Resource Centre

Notes to the Cash Flow Statement for the year ended 31 March 2024

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
2024 2023
£ £
Net income for the reporting period (as per the Statement of
Financial Activities) 296,728 34,911
Adjustments for:
Depreciation charges 7,912 3,239
Interest received (859) (261)
(Increase)/decrease in debtors (43,875) 77,952
Increase/(decrease) in creditors 22,022 (4,688)
Net cash provided by operations 281,928 111,153
2. ANALYSIS OF CHANGES IN NET (DEBT)/FUNDS
At 1.4.23 Cash flow At 31.3.24
£ £ £
Net cash
Cash at bank and in hand 198,281 255,540 453,821
198,281 255,540 453,821
Debt
Debts falling due within 1 year (277,837) - (277,837)
(277,837) - (277,837)
Total (79,556) 255,540 175,984

The notes form part of these financial statements

Page 8

Southern Holderness Resource Centre

Notes to the Financial Statements for the year ended 31 March 2024

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 10

Southern Holderness Resource Centre

Notes to the Financial Statements - continued

for the year ended 31 March 2024

2. DONATIONS AND LEGACIES

Donations
3.
OTHER TRADING ACTIVITIES
Training and support services
Telephone, internet and fax
Photocopying
Rent
Room hire
Contracting
Big local management
4.
INVESTMENT INCOME
Deposit account interest
5.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Grants
Charitable activities
Shores pantry income
Charitable activities
Blue door income
Charitable activities
Grants
Grant funded initiatives
Grants received, included in the above, are as follows:
ERYC - South Holderness food bank
ERYC - Bike Hub
ERYC - Blue Door
ERYC - Easter
ERYC - Brew at two
ERYC - Active Withernsea
National Lottery - Community Fund
ERYC - Craft Cupboard
ERYC - 3B Club
Big Local - Energy efficiency		 2024
£
6,372
2024
£
320,607
169
116
32,201
7,570
7,069
24,013
391,745
2024
£
859
2024
£
73,804
53,117
1,628
90,000
218,549
2024
£
23,585
-
-
-
2,201
-
90,000
-
5,000
28,394
149,180		 2023
£
14,927
2023
£
120,484
296
81
25,519
5,588
10,169
46,713
208,850
2023
£
261
2023
£
67,366
44,738
686
47,500
160,290
2023
£
20,000
2,800
2,124
1,800
4,849
4,995
47,500
2,500
-
-
86,568

Page 11

Southern Holderness Resource Centre

Notes to the Financial Statements - continued for the year ended 31 March 2024

6. OTHER TRADING ACTIVITIES

Staff costs
Training costs
Equipment hire
Rent, rates and water
Light and heat
Insurance
Telephone and internet
Postage and stationery
Sundries
Repairs
Cleaning
Bad debts written off
Depreciation		 2024
£
103,225
220
1,497
7,649
17,776
4,665
876
7,738
1,378
10,954
796
-
6,330
163,104		 2023
£
100,238
1,048
2,060
8,940
13,954
2,812
2,583
9,053
625
5,692
1,966
61,360
2,583
212,914
7.
CHARITABLE ACTIVITIES COSTS
Charitable activities
8.
SUPPORT COSTS
Charitable activities
9.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets
Hire of plant and machinery
Other operating leases		 Direct
Costs
£
141,642
Finance
£
451		 Support
costs (see
note 8)
£
16,051
Governance
costs
£
15,600
2024
£
7,913
374
1,912		 Totals
£
157,693
Totals
£
16,051
2023
£
3,238
515
2,235

10. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.

Page 12

Southern Holderness Resource Centre

Notes to the Financial Statements - continued

for the year ended 31 March 2024

11.
STAFF COSTS
Wages and salaries
Pension costs
The average monthly number of employees during the year was as follows:
Staff
No employees received emoluments in excess of £60,000.
12.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
14,927
Charitable activities
Charitable activities
73,723
Grant funded initiatives
-
Other trading activities
208,850
Investment income
261
Total
297,761
EXPENDITURE ON
Raising funds
Other trading activities
212,914
212,914
Charitable activities
Charitable activities
81,603
Total
294,517
NET INCOME
3,244
RECONCILIATION OF FUNDS
Total funds brought forward
94,298
TOTAL FUNDS CARRIED FORWARD
97,542		 2024
£
183,837
3,308
187,145
2024
9
Restricted
funds
£
-
39,067
47,500
-
-
86,567
-
-
54,900
54,900
31,667
-
31,667		 2024
£
183,837
3,308
187,145
2024
9
Restricted
funds
£
-
39,067
47,500
-
-
86,567
-
-
54,900
54,900
31,667
-
31,667		 2023
£
178,907
2,504
181,411
2023
12
Total
funds
£
14,927
112,790
47,500
208,850
261
384,328
212,914
212,914
136,503
349,417
34,911
94,298
129,209

Page 13

Southern Holderness Resource Centre

Notes to the Financial Statements - continued for the year ended 31 March 2024

13.
TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£
COST
At 1 April 2023
25,219
Additions
26,535
At 31 March 2024
51,754
DEPRECIATION
At 1 April 2023
21,276
Charge for year
6,766
At 31 March 2024
28,042
NET BOOK VALUE
At 31 March 2024
23,712
At 31 March 2023
3,943
14.
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
The loans included in the amounts above are all due after one year.
15.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other loans (see note 16)
Trade creditors
Social security and other taxes
Other creditors
Credit card
Accruals and deferred income		 Fixtures
and
fittings
£
25,219
26,535
51,754
21,276
6,766
28,042
23,712		 Motor
vehicles
£
1,200
-
1,200
525
169
694
506		 Computer
equipment
£
4,659
713
5,372
4,038
978
5,016
356
675 621
2024
£
87,329
2,233
24,516
72,619
46,659
2,112
17,769
253,237
2024
£
277,837
1,560
3,233
20,228
9
2,828
305,695

Page 14

Southern Holderness Resource Centre

Notes to the Financial Statements - continued for the year ended 31 March 2024

16. 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)
17.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
National Lottery - Community Fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
ERYC - South Holderness food bank
National Lottery - Community Fund
ERYC - Brew at two
ERYC - 3B Club
Big Local - Energy Efficiency
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
National Lottery - Community Fund
TOTAL FUNDS		 At 1.4.23
£
97,542
31,667
129,209
Incoming
resources
£
468,346
23,585
89,999
2,201
5,000
28,394
149,179
617,525
At 1.4.22
£
94,298
-
94,298		 2024
£
277,837
Net
movement
in funds
£
300,062
(3,334)
296,728
Resources
expended
£
(168,284)
(23,585)
(93,333)
(2,201)
(5,000)
(28,394)
(152,513)
(320,797)
Net
movement
in funds
£
3,244
31,667
34,911		 2023
£
277,837
At
31.3.24
£
397,604
28,333
425,937
Movement
in funds
£
300,062
-
(3,334)
-
-
-
(3,334)
296,728
At
31.3.23
£
97,542
31,667
129,209

Page 15

Southern Holderness Resource Centre

Notes to the Financial Statements - continued for the year ended 31 March 2024

17. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Big Local
ERYC - South Holderness food bank
ERYC - Bike Hub
ERYC - Blue Door
National Lottery - Community Fund
ERYC - Easter
ERYC - Brew at two
ERYC - Active Withernsea
TOTAL FUNDS		 Incoming
resources
£
297,760
2,500
20,000
2,800
2,124
47,500
1,800
4,849
4,995
86,568
384,328		 Resources
Movement
expended
in funds
£
£
(294,516)
3,244
(2,500)
-
(20,000)
-
(2,800)
-
(2,124)
-
(15,833)
31,667
(1,800)
-
(4,849)
-
(4,995)
-
(54,901)
31,667
(349,417)
34,911

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
National Lottery - Community Fund
TOTAL FUNDS		 At 1.4.22
£
94,298
-
94,298		 Net
movement
in funds
£
303,306
28,333
331,639		 At
31.3.24
£
397,604
28,333
425,937

Page 16

Southern Holderness Resource Centre

Notes to the Financial Statements - continued for the year ended 31 March 2024

17. 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
Big Local
ERYC - South Holderness food bank
ERYC - Bike Hub
ERYC - Blue Door
National Lottery - Community Fund
ERYC - Easter
ERYC - Brew at two
ERYC - Active Withernsea
ERYC - 3B Club
Big Local - Energy Efficiency
TOTAL FUNDS
1		 Incoming
resources
£
766,106
2,500
43,585
2,800
2,124
137,499
1,800
7,050
4,995
5,000
28,394
235,747
,001,853		 Resources
Movement
expended
in funds
£
£
(462,800)
303,306
(2,500)
-
(43,585)
-
(2,800)
-
(2,124)
-
(109,166)
28,333
(1,800)
-
(7,050)
-
(4,995)
-
(5,000)
-
(28,394)
-
(207,414)
28,333
(670,214)
331,639

18. 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. These transactions took place on normal commercial terms. There was a balance of £48,829 owing at the year end.

The company provided loan finance to Shores Community Diner Limited with a balance of £72,619 owed at the year end.

Shores Homecare Limited

A company with shared directors.

During the year the company made sales to Shores Homecare Limited valuing £9,600. These transactions took place on normal commercial terms. There was a balance of £33,377 owing at the year end.

The company provided loan finance to Shores Homecare Limited with a balance of £24,515 owed at the year end.

Seaside Radio Limited

A company with shared trustees.

The company provided loan finance to Seaside Radio Limited with a balance of £46,658 owed at the year end.

Page 17

Southern Holderness Resource Centre

Notes to the Financial Statements - continued for the year ended 31 March 2024

19. 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 18

Southern Holderness Resource Centre

Detailed Statement of Financial Activities

for the year ended 31 March 2024

2024
£
INCOME AND ENDOWMENTS
Donations and legacies
Donations
6,372
Other trading activities
Training and support services
320,607
Telephone, internet and fax
169
Photocopying
116
Rent
32,201
Room hire
7,570
Contracting
7,069
Big local management
24,013
391,745
Investment income
Deposit account interest
859
Charitable activities
Grants
163,804
Shores pantry income
53,117
Blue door income
1,628
218,549
Total incoming resources
617,525
EXPENDITURE
Other trading activities
Wages
101,571
Pensions
1,654
Training costs
220
Equipment hire
1,497
Rent, rates and water
7,649
Light and heat
17,776
Insurance
4,665
Telephone and internet
876
Postage and stationery
7,738
Sundries
1,378
Repairs
10,954
Cleaning
796
Bad debts written off
-
Depreciation of tangible fixed assets
6,330
163,104
Charitable activities
Wages
82,266
Pension
1,654
Equipment hire
374
Rent, rates and water
1,912
Light and heat
4,444
Carried forward
90,650		 2023
£
14,927
120,484
296
81
25,519
5,588
10,169
46,713
208,850
261
114,866
44,738
686
160,290
384,328
98,979
1,259
1,048
2,060
8,940
13,954
2,812
2,583
9,053
625
5,692
1,966
61,360
2,583
212,914
79,928
1,245
515
2,235
3,489
87,412

This page does not form part of the statutory financial statements

Page 19

Southern Holderness Resource Centre

Detailed Statement of Financial Activities

Charitable activities
Brought forward
Telephone and internet
Postage and stationery
Advertising
Repairs
Motor and travel expenses
Cleaning
Project costs
Volunteer expenses
Shores panty expenses
Blue door expenses
Sub-contractors
Depreciation of tangible fixed assets
Support costs
Finance
Bank charges
Governance costs
Accountancy fees
Total resources expended
Net income		 for the year ended 31 March 2024
2024
£
90,650
219
1,934
170
2,739
1,229
199
5,463
2,284
26,573
-
8,600
1,582
141,642
451
15,600
320,797
296,728		 2023
£
87,412
646
2,263
-
6,531
2,082
491
14,285
390
(14)
6,069
-
656
120,811
92
15,600
349,417
34,911

This page does not form part of the statutory financial statements

Page 20