## SEAHAM YOUTH CENTRE
FINANCIAL STATEMENTS FOR THE PERIOD ENDING 31[ST] DECEMBER 2025
CHARITY NO. 1163327
## OVERVIEW
- 1.1. Seaham Youth Centre is a Charitable Incorporated Organisation (CIO) and is governed through the Charities Act and a constitution document (dated 27th March 2014) with voting members other than its charity trustees.
- 1.2. The Centre employs a small group of part time staff to look after the day to day running such as caretaking and cleaning with an Centre Manager who organises the office and administration of the building, its services and projects
A Board of trustees looks after the charitable aims and objectives. Regular committee meetings are held to uphold the Centre values, standards and strive for further improvements in the Centres mission.
- 1.3. The charity trustees must comply with the requirements of the Charities Act with regard to keeping of accounting records etc.
- 1.4. The aims and objectives of the Youth Centre is to help young people through leisure time activities so as to develop their physical, mental and spiritual capacities that they may grow to full maturity as individuals and members of society that their conditions of life may be improved.
- 1.5. During the year the Youth Centre received income of £134,425 mainly from funding and various room hires.
Expenditure for the year was £129,787 with the majority of payments for the running of the Centre such as wages. utilities, and maintenance. There was a proft of £4,638 for the year 2025.
- 1.6 The Fund Balance of £89,036 reconciled to the Bank Statement as at 31[st] December 2025. An adjustment was required see audit report.
## Independent Examiners Report
- 2.1. I (Gordon Fletcher, C.M.I.I.A.) have reported on the accounts of Seaham Youth Centre for the calendar year ending 31[st] December 2025
- 2.2. This report is in respect of an examination carried out in accordance with the Charities Act.
- 2.3. The examination includes a review of the accounting records kept by the trustees, including a review of the accounts and making such enquiries as are necessary for the purpose of this report.
- 2.4. An internal audit report has been completed on the 2025 accounts although no matter has come to my attention which the trustees are not aware of, and the accounts presented do accord with the accounting requirements of the Charities act.
Gordon Fletcher (C.M.I.I.A.) Independent Auditor Date: 2[nd] July 2026
The Trustees (Management Committee) are responsible for maintaining proper accounting records, which disclose with reasonable accuracy the financial position of the Charity. This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (issued March 2005). An internal audit report has been completed for the year 2025 and is to be presented at the next AGM where it is to be approved by the Trustees at the Management Committee.
## Income and expenditure records for Seaham Youth Centre for period ending 31[st] December 2025
|Opening Fund Balance as at 1stJanuary 2025|£91,755|
|---|---|
|(From 2024 accounts)||
|Income received during the year 2025|£134,425|
|Expenditure during the year for 2025|£129,787|
|Profit for the year 2025|£4,638|
|Adjustment see report|-£957|
|Closing Fund Balance as at 31stDecember 2025|£89,036|
For details of breakdown of income and expenditure, see next pages.
Reconciliation to Bank Statement as at 31[st] December 2025
|Closing Bank Balances as at 31stDecember 2025|£74,868|
|---|---|
|Add closing cash held|£1,706|
|Debtors|£12,462|
|Reconciled Balance to Fund|£89,036|
## Breakdown of income
Grants and Funding £50962 Restricted Welcome Space £2,473 Point North £9,989 Believe Housing £500 Seaham Town Council – Mayors Fund £400 Durham County Council – Councillors Fund £10,000 Seaham Town Council – Community Fund £350 Household Fund £11,500 Streetgames £4,000 Other £1,750 Unrestricted Ballinger Trust £10,000 £516 Recycling
£74,275 Sales
Event Hire £50 Inner Hall £5,798 Room Hire £32,503 Sports Hall £34,402 Storage £1,522
Vending Sales TOTAL SALES
£8,672
£134,425
Breakdown of Expenditure
|Accounts, Payroll audit
Business Insurance
Christmas
Cleaning supplies
Communications
Fixtures and Fittings
Gift
Kitchen supplies
Petty cash
Postage, printing stationery
Premises expenses
Project Resources
Repairs and renewals
SLA - Compliance
Utilities
Gas & Electric
Water Rates
Refuse & Hygiene
Vending Stock
Wages
Admin
Cleaning
PAYE/NI
Employment Costs
Workwear
TOTAL EXPENDITURE
£9,513
£757
£1031
£17,143
£13,381
£1,198
£289|£374
£1,269
£369
£752
£3,109
£9,512
£134
£751
£54
£709
£12,848
£43,653
£1,498
£5,396
£10,312
£6,127
£32,010
£910
£129,787|
|---|---|
Profit for year = £4,638