**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
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
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
- (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 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