OpenCharities

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

2025-03-31-accounts

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

Report of the Trustees and Financial Statements

Year Ended 31 March 2025 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 2025

Page
Report of the Trustees 1 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Cash Flow Statement 8
Notes to the Cash Flow Statement 9
Notes to the Financial Statements 11 to 18
Detailed Statement of Financial Activities 19 to 20

Southern Holderness Resource Centre

Report of the Trustees for the year ended 31 March 2025

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 2025. 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.

During the last year the Shores Centre has offered a huge level of support for clients experiencing multiple issues, including social and financial hardships and health challenges. The cost-of-living crisis, which continues to affect our local community, has made huge demands on our services. Its impact is especially acute on people who were in difficult and vulnerable situations beforehand. It is in times of crisis that organisations like Shores and everyone who works, volunteers and supports it are needed most, and we would like to thank everyone who continues to contribute to the positive change Shores enables.

The funds and donations we receive are needed more than ever at this time, and we remain very grateful to all our funders, donors and supporters. Clients who cannot be supported by our staff are being signposted to suitable alternative organisations. In terms of funding, we are glad that our Pantry received more funding through the East Riding Council enabling us to continue providing support to local residents. A priority for Shores is to maintain staff pay at the level required to retain our incredible team in the face of these changes, while continuing to offer as much support as possible. We are currently reviewing our operating model to accommodate these changes, and seek further funding to make sure we can keep pace with the challenge of rising costs. Given the challenges faced both by our community and by our organisation, we are glad that Shores has continued to grow and enable positive change The object of the charity is to support the people who live and work in South East Holderness by helping them to cope with a wide range of social, domestic and financial problems and by offering the help to improve the quality of their lives. Our services are reviewed regularly to reflect local needs and to conform to the highest standards. Stakeholders, including clients, are consulted and participate in developing our work, with some services co produced with clients.

Our vision: Communities where everyone has access to the support they need to overcome adversity in their lives they can thrive.

Our mission: Shores supports and works alongside those who are facing social, mental, financial or other personal difficulties at our centre, and out in the community, through a holistic programme of free and affordable services.

Our values: We are passionate, inclusive, responsive and community focussed.

Our impact: In summary we increase and enhance access to life opportunities. The impact of Shores services is regularly reviewed. Emerging trends are also identified and new services developed to meet these needs. Accessibility of services is reviewed regularly and changes made accordingly.

Page 1

Southern Holderness Resource Centre

Report of the Trustees for the year ended 31 March 2025

OBJECTIVES AND ACTIVITIES

Significant activities

2025 marked twenty years of service to this amazing community. As with all community hubs our success has been achieved from the passion, dedication, commitment and care from all the contributions made by the board, staff, volunteers, partners and stakeholders, and, (and most importantly) the residents of South East Holderness. We marked this celebration in the only way possible, to say our thank you to all involved. As with any celebratory event, the organisation and preparation leading up to it takes significant organisation, so the board would like to acknowledge the immense work undertaken by the team of staff and volunteers that made the 7 March 2025 a true day to remember, reflecting the contributions of the many over the last two decades.

The last year, as with many charities has faced the ongoing challenges of the cost of living crisis which 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. One of these measures included the securing of funds to address energy efficiency, and enabled the charity to install solar panels, additional battery storage, purchase walk-in refrigerator and freezer units, and install new energy efficient glazing. These measures have made a positive difference to utility expenditure as well as our carbon footprint.

We have continued to develop our organisation, its people, and our abilities to support our community whilst to enhancing our credibility and our reputation, as a positive example of a community hub. As stated in previous annual reports we are determined that future years will be about focusing our efforts on lasting systemic change, working collaboratively and co-producing solutions, that in turn support people and our community out of financial hardship and social isolation.

Our strategic partnerships have taught us many things over the years, the most important being ' together we can achieve more', and the relationships we have forged with organisations from the public, private and community sectors are testament that we all have a common bond, to positively contribute to all within our community.

Programme and Project delivery

Over the years we have developed a positive reputation on the development and delivery of innovative projects that in turn have gained recognition and have been used as models for replication in other communities. This year has been no difference in that approach with the continued development of DASH, our Digital Access Skills Hub. From what started as a support resource to address digital inclusion rapidly evolved into a state of the art facility, containing creative suites, 3D print and scan suites, digital laser engraving, and digital embroidery. Hundreds of individuals have accessed the resources and evolved their skills, as well as many community groups using the digital makerspace facilities as part of their financial income streams and organisational sustainability. East Riding of Yorkshire Council and UK Shared Prosperity Funding have supported in the development of these resources by proving funding, for which we are eternally grateful.

Volunteers

As with all charities the volunteers form the backbone of our organisation. The trustees would like to thank all the volunteers, whose commitment, dedication and support continuously shine out, no matter what the circumstances. 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.

Staff and Stakeholders

On behalf of the Southern Holderness Resource Centre Committee we would like thank all staff 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 and enabling us to achieve and succeed in what we do.

Page 2

Southern Holderness Resource Centre

Report of the Trustees for the year ended 31 March 2025

OBJECTIVES AND ACTIVITIES

Financial position

In the year ended 31 March 2025 the charity made a surplus of £84,429 (2023 - £296,728). The net assets of the charity were £510,366 (2024 - £425,937).

Future plans

For many organisations like ourselves, we recognise that the current challenges of the cost of living crisis will continue to impact for future years. The lessons learnt from recent years and discovering how adaptable, responsive and resilient we are has provided a strong foundation ready for emerging opportunities. It’s important to keep evolving projects and activities that have a significant impact on the community such as the Pantry and DASH. Naturally employability and skills programmes have formed part of our operations for many years, so we will continue to keep a close eye on opportunities of funding as and when they arise.

2025 marked 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 we doing can all 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

Page 3

Southern Holderness Resource Centre

Report of the Trustees

for the year ended 31 March 2025

Registered office

29-31 Seaside Road Withernsea East Yorkshire HU19 2DL

Trustees

Mrs C Laycock Director/Trustee Mrs L Healing Director/Trustee Mrs P Hart Director/Trustee Miss C Hart Director/Trustee

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 30 December 2025 and signed on the board's behalf by:

Mrs L Healing - Trustee

Page 4

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 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the 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

30 December 2025

Page 5

Southern Holderness Resource Centre

Statement of Financial Activities for the year ended 31 March 2025

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
6,344
Charitable activities
5
Charitable activities
97,483
Grant funded initiatives
-
Other trading activities
3
295,873
Investment income
4
5,737
Total
405,437

EXPENDITURE ON
Raising funds
Other trading activities
6
210,466
210,466
Charitable activities
7
Charitable activities
107,208

Total
317,674

NET INCOME/(EXPENDITURE)
87,763
RECONCILIATION OF FUNDS
Total funds brought forward
397,604
TOTAL FUNDS CARRIED FORWARD
485,367		 Restricted
funds
£
-
45,147
80,000
-
-
125,147
-
-
128,481
128,481
(3,334)
28,333
24,999		 2025
Total
funds
£
6,344
142,630
80,000
295,873
5,737
530,584
210,466
210,466
235,689
446,155
84,429
425,937
510,366		 2024
Total
funds
£
6,375
128,549
90,000
391,745
859
617,528
163,107
163,107
157,693
320,800
296,728
129,209
425,937

The notes form part of these financial statements

Page 6

Southern Holderness Resource Centre (Registered number: 07271654)

Balance Sheet 31 March 2025

Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
13
33,220
CURRENT ASSETS
Debtors
14
254,130
Cash at bank and in hand
508,618
762,748
CREDITORS
Amounts falling due within one year
15
(310,602)
NET CURRENT ASSETS
452,146
TOTAL ASSETS LESS CURRENT LIABILITIES
485,366
NET ASSETS
485,366
FUNDS
17
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
-
25,000
25,000
-
25,000
25,000
25,000		 2025
Total
funds
£
33,220
254,130
533,618
787,748
(310,602)
477,146
510,366
510,366
485,366
25,000
510,366		 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

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 30 December 2025 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
Cash Flow Statement
for the year ended 31 March 2025
2025
Notes
£
Cash flows from operating activities
Cash generated from operations
1
99,662
Net cash provided by operating activities
99,662
Cash flows from investing activities
Purchase of tangible fixed assets
(25,602)
Interest received
5,737
Net cash used in investing activities
(19,865)
Change in cash and cash equivalents in
the reporting period
79,797
Cash and cash equivalents at the
beginning of the reporting period
453,821
Cash and cash equivalents at the end of
the reporting period
533,618		 2024
£
281,928
281,928
(27,248)
859
(26,389)
255,539
198,281
453,821

The notes form part of these financial statements

Page 8

Southern Holderness Resource Centre

Notes to the Cash Flow Statement for the year ended 31 March 2025

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES FLOW FROM OPERATING ACTIVITIES
2025 2024
£ £
Net income for the reporting period (as per the Statement of
Financial Activities) 84,429 296,728
Adjustments for:
Depreciation charges 16,956 7,912
Interest received (5,737) (859)
Increase in debtors (893) (43,875)
Increase in creditors 4,907 22,022
Net cash provided by operations 99,662 281,928
2. ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.24 Cash flow At 31.3.25
£ £ £
Net cash
Cash at bank and in hand 453,821 79,797 533,618
453,821 79,797 533,618
Debt
Debts falling due within 1 year (277,837) - (277,837)
(277,837) - (277,837)
Total 175,984 79,797 255,781

The notes form part of these financial statements

Page 9

Southern Holderness Resource Centre

Notes to the Financial Statements for the year ended 31 March 2025

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 11

Southern Holderness Resource Centre

Notes to the Financial Statements - continued

for the year ended 31 March 2025

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 - Brew at two
National Lottery - Community Fund
ERYC - 3B Club
Big Local - Energy efficiency
National Lottery - A4A
ERYC - 4 Good Fund
ERYC - DASH		 2025
£
6,344
2025
£
226,438
14
300
45,011
14,718
5,255
4,137
295,873
2025
£
5,737
2025
£
73,113
68,726
791
80,000
222,630
2025
£
-
-
80,000
-
-
19,153
10,000
15,994
125,147		 2024
£
6,375
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

Page 12

Southern Holderness Resource Centre

Notes to the Financial Statements - continued for the year ended 31 March 2025

6. OTHER TRADING ACTIVITIES

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
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
£
219,963
Finance
£
126		 2025
£
110,915
-
1,657
8,072
18,155
7,979
1,265
9,179
6,512
31,076
1,672
419
13,565
210,466
Support
costs (see
note 8)
£
15,726
Governance
costs
£
15,600
2025
£
16,956
414
2,018		 2024
£
103,228
220
1,497
7,649
17,776
4,665
876
7,738
1,378
10,954
796
-
6,330
163,107
Totals
£
235,689
Totals
£
15,726
2024
£
7,913
374
1,912

10. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Page 13

Southern Holderness Resource Centre

Notes to the Financial Statements - continued

for the year ended 31 March 2025

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
6,375
Charitable activities
Charitable activities
69,368
Grant funded initiatives
-
Other trading activities
391,745
Investment income
859
Total
468,347
EXPENDITURE ON
Raising funds
Other trading activities
163,107
163,107
Charitable activities
Charitable activities
5,176
Total
168,285
NET INCOME/(EXPENDITURE)
300,062
RECONCILIATION OF FUNDS
Total funds brought forward
97,542
TOTAL FUNDS CARRIED FORWARD
397,604		 2025
£
213,525
4,200
217,725
2025
9
Restricted
funds
£
-
59,181
90,000
-
-
149,181
-
-
152,515
152,515
(3,334)
31,667
28,333		 2025
£
213,525
4,200
217,725
2025
9
Restricted
funds
£
-
59,181
90,000
-
-
149,181
-
-
152,515
152,515
(3,334)
31,667
28,333		 2024
£
183,840
3,308
187,148
2024
9
Total
funds
£
6,375
128,549
90,000
391,745
859
617,528
163,107
163,107
157,693
320,800
296,728
129,209
425,937

Page 14

Southern Holderness Resource Centre

Notes to the Financial Statements - continued for the year ended 31 March 2025

13.
TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£
COST
At 1 April 2024
51,754
Additions
8,639
At 31 March 2025
60,393
DEPRECIATION
At 1 April 2024
28,042
Charge for year
8,277
At 31 March 2025
36,319
NET BOOK VALUE
At 31 March 2025
24,074
At 31 March 2024
23,712
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
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		 Motor
vehicles
£
1,200
-
1,200
694
126
820
380
506		 Computer
equipment
£
5,372
16,963
22,335
5,016
8,553
13,569
8,766
356
2025
£
5,229
3,790
59,109
126,216
44,809
5,906
9,071
254,130
2025
£
277,837
1,560
3,320
24,656
-
3,229
310,602

Page 15

Southern Holderness Resource Centre

Notes to the Financial Statements - continued

for the year ended 31 March 2025

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
National Lottery - Community Fund
National Lottery - A4A
ERYC - 4 Good Fund
ERYC - DASH
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
National Lottery - Community Fund
TOTAL FUNDS		 At 1.4.24
£
397,604
28,333
425,937
Incoming
resources
£
405,437
80,000
19,153
10,000
15,994
125,147
530,584
At 1.4.23
£
97,542
31,667
129,209		 2025
£
277,837
Net
movement
in funds
£
87,762
(3,333)
84,429
Resources
expended
£
(317,675)
(83,333)
(19,153)
(10,000)
(15,994)
(128,480)
(446,155)
Net
movement
in funds
£
300,062
(3,334)
296,728		 2024
£
277,837
At
31.3.25
£
485,366
25,000
510,366
Movement
in funds
£
87,762
(3,333)
-
-
-
(3,333)
84,429
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 2025

17. MOVEMENT IN FUNDS - continued

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

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 468,348 (168,286) 300,062
Restricted funds
ERYC - South Holderness food bank 23,585 (23,585) -
National Lottery - Community Fund 90,000 (93,334) (3,334)
ERYC - Brew at two 2,201 (2,201) -
ERYC - 3B Club 5,000 (5,000) -
Big Local - Energy Efficiency 28,394 (28,394) -
149,180 (152,514) (3,334)
TOTAL FUNDS 617,528 (320,800) 296,728
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement At
At 1.4.23 in funds 31.3.25
£ £ £
Unrestricted funds
General fund 97,542 387,824 485,366
Restricted funds
National Lottery - Community Fund 31,667 (6,667) 25,000
TOTAL FUNDS 129,209 381,157 510,366
A current year 12 months and prior year 12 months combined net movement in funds, included in the above ar
as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 873,785 (485,961) 387,824
Restricted funds
ERYC - South Holderness food bank 23,585 (23,585) -
National Lottery - Community Fund 170,000 (176,667) (6,667)
ERYC - Brew at two 2,201 (2,201) -
ERYC - 3B Club 5,000 (5,000) -
Big Local - Energy Efficiency 28,394 (28,394) -
National Lottery - A4A 19,153 (19,153) -
ERYC - 4 Good Fund 10,000 (10,000) -
ERYC - DASH 15,994 (15,994) -
274,327 (280,994) (6,667)
TOTAL FUNDS 1,148,112 (766,955) 381,157

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Page 17

Southern Holderness Resource Centre

Notes to the Financial Statements - continued for the year ended 31 March 2025

18. RELATED PARTY DISCLOSURES

Southern Holderness Resource Centre (un-incorporated)

A charity with shared trustees.

At 1 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.

During the year the company made purchases from Shores Community Diner Limited valuing £28,500. These transactions took place on normal commercial terms.

The company provided loan finance to Shores Community Diner Limited with a balance of £126,216 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.

The company provided loan finance to Shores Homecare Limited with a balance of £59,109 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 £44,809 owed at the year end.

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 2025

2025
£
INCOME AND ENDOWMENTS
Donations and legacies
Donations
6,344
Other trading activities
Training and support services
226,438
Telephone, internet and fax
14
Photocopying
300
Rent
45,011
Room hire
14,718
Contracting
5,255
Big local management
4,137
295,873
Investment income
Deposit account interest
5,737
Charitable activities
Grants
153,113
Shores pantry income
68,726
Blue door income
791
222,630
Total incoming resources
530,584
EXPENDITURE
Other trading activities
Wages
108,815
Pensions
2,100
Training costs
-
Equipment hire
1,657
Rent, rates and water
8,072
Light and heat
18,155
Insurance
7,979
Telephone and internet
1,265
Postage and stationery
9,179
Sundries
6,512
Repairs
31,076
Cleaning
1,672
Bad debts written off
419
Depreciation of tangible fixed assets
13,565
210,466
Charitable activities
Wages
104,710
Pension
2,100
Equipment hire
414
Rent, rates and water
2,018
Carried forward
109,242		 2024
£
6,375
320,607
169
116
32,201
7,570
7,069
24,013
391,745
859
163,804
53,117
1,628
218,549
617,528
101,574
1,654
220
1,497
7,649
17,776
4,665
876
7,738
1,378
10,954
796
-
6,330
163,107
82,266
1,654
374
1,912
86,206

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
Light and heat
Telephone and internet
Postage and stationery
Advertising
Repairs
Motor and travel expenses
Cleaning
Project costs
Volunteer expenses
Shores panty 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 2025
2025
£
109,242
4,539
316
2,295
434
7,769
1,520
418
48,155
193
41,691
-
3,391
219,963
126
15,600
446,155
84,429		 2024
£
86,206
4,444
219
1,934
170
2,739
1,229
199
5,463
2,284
26,573
8,600
1,582
141,642
451
15,600
320,800
296,728

This page does not form part of the statutory financial statements

Page 20