CHARITY ReGISTrATION NUMBER: 1177064 Seahouses Hostel Unaudited Financial Statements 31 March 2025
Seahouses Hostel Financial Statements Year ended 31 March 2025 Pagg Trustees, annual report Independent 8xaminer's report to the trustees Stalement of financial activities Statement of financial position Notes to the financial statements The following pages do not fomi part of the financial slatements Detailed statement of financial activities 16 Not8S to the detai18d statement of financial activities 18
Seahouses Hostel Trustees, Annual Report Year ended 31 March 2025 The trustees present thelr report and the unaudited financtal Btatsm8nts of the Charity for the ye8r ènd8d 31 March 2025. R9fgrgn¢• and admlnistratlvg dotalls Reg18tsred ¢harfty name Seahouses Hostel Charity regl$tration number 1177064 Prlnclpal offlco 157 Main Street Seahouses Northumberfand NE68 1TU Th• trustees Mrs J T¥Jrnbull Canon T Macpherson The Venarable Dr C Sourbul Groves Mr A Harris Mr G Scott A Patterson (Resigned 23 July 20241 (Appointed 23 July 2024} Independent examlner Mkhael W Reed Russell Hous8 Greenwell Road Alnwck Northumberland NE68 1HB Structure, governance and managem•nt In preparing these finandal statements, the trustees are requlred to select suitable accounting pollcles, as described on pAges 7 - 10, and then apply them on o consistent basls, maklng 5udgements and eslimales that are prudent and wsonable. The truste68 must also prepare the financial slalemenls on the going concern basts Ltnless It Is not appropriate lo presume th81 the charity will continue in buslness. The trustees are responsi1e for k8eplng proper accounting records whlch disclose with reasonable accuracy at any time Ihe financial posit6on of the charity and to enable them to ensure that thg financial statements comply with the Charities Act 2011. The truslges aro also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irrogularibes.
Seahouses Hostel Trust•os' Annual R&port (ContIttdj Year ended 31 March 2025 obctO$ and acllvltles Fljrposes. aims and d61fvgTlng publ1¢ benefit The Seahou888 Hostel18 a rgglslered charlty (Charlty Reglslratlon No. 11770641. The Sgahouses Hostsl oblecllv68 and alm8 aro: 1. To provlde a po811ive rgsldentlal envlronmènt for young people. allowlng them ID feel valued and 8pecial as well as to experiencè the local area. 2. To provldo an envlronment for learnlng and d6velopmenl, wtth an empha818 tow8rd8 chlldren and young pooplo. 3. To Involve. conlrlbute to and have a p)sllfva impacl In tho local ¢0mmutY. locally and wlthwt n(Ylh Northumberfand. 4. To achleva tho 80rt of Ilnancial and operatlonal $urvivabllSly that ensur08 tha Incluslon of d18advanlaged gTOUPS. 5. To make g conlrlbuilon to the church's mSssion In the Noth-Eatst of England and beyond, through ho8Pitallly and an anvlronment that promolgs 8plrllual well-belng Thè Trustee8 consld8r that the al*)ve objecllves and actThiitig8 ar6 undert8ken to fLFrther the Charlfy'8 purpos8 for the public bgn8fll. The Trustees conflmi that they have given due regard lo the Charity Commis81'S guldance on publ1¢ beneffl. Ach10ments and perfom)ance Th8 Management Commlttee of the Seahouses Hostel meets on a regular basls In order to monllor progr8$s against Ihe Charlvs oi)leclSvos. Dutlng tho flnanclal perlod ended 31 March 2024. the Warden has conllnued to look after the fabrlc of th8 bulfdlng, belng proactive in identifying work requlred to ensur8 that It Is malntalned lo thè hlghest possible stsnda¥d. Accommodatlon levgls have fa116n $llghUy during th8 year, to some 8xcepllon8lly hlgh numbers experlenced durlng the prevlous yoar and also r&flè¢ting a local trend In the tourlsm sector Gaused by the g8neral economic situatlon. These numbors are however now similar lo those prevaillng prlor to the pandemlc in 2020.
Seahouses Hostol Trustees, Annual RepOrt{th Year ended 31 March 2025 Flnanclal r•vl•w Prkndpgl fundin9 sourc•s Th• Ch4rlty gener8tss its income from Its main activ6ty as g h08ts1. The Chgrlty 9190 continues to benefit Irom grants and 1$ gr8t8ful io have r¢¢wved In th'e period und•r rwiew a lolal of £17,000. Th6s Included a grant for redecorating and replaclng the Iloorkng In the Hall. Most notably thè Lord Crew$ charlty provlded linanclal 8UPPOrt of £15.000, bglng a bursary enablin9 a l¢)w8r ¢harglng tariff fDF quallfylng groups $Ing from within the N•wcastle and Durham Dlocese's The Charfty ha8 bttlng Income of £70.146 12024 È80.057) and g¥neratèd gn overall defldt of £27.10612024'. 8ufF4us of £5.875) molnly due to refurbl$hmenl wclk besng undertaken. Th• CFiwlty continu¢$ to hold ¥ d•slgnaled fund. to be used for tho Seahouses Hostel Dwlopment Prolect. Tho b¥lonce of th1$ fund currentty stands at £120,228 and follng completion ot tha Inltlal phas8 is antlrypat8d that a sub8tanlal proportlon of Ihls fvnd wlll b& carrfed loar{l to #$sl$t In sub8equentvKrk phase8. Irw8stment and R888rvo$ Policy Th¢ ctrfty ha¥ nts investments or slgnlficant re8erv•8 and. a8 8u¢h, doo9 not have a fornial inv8skn•nt pc4iey. Whère pos8lbl8. cash balan¢8s are held in int¥r¥st framin9 dep¢glt accounts. th respect to res¥rv•s, the Trusts•s have identifiad tha need to provmlè a lovel of Te8erve8 whl¢h 18 sufficlenl to megt day to day running costs for one ar, and to prowdo fcr ongolng and conllngent buildlng Mpalrs. The TruBtO&8 881imalg that a roserve of £70,OfrJ, which reprèsènts almost equivalent lo one year's annual exwdltur•. is adequts for Ihls purposè. Plans for future p•rtod8 Th• immediate priority Is to 8tabllk¢ and grow wr vi8Mor numbers, through continual Improvem$nt of the lacilitles afforded 011Sed to a valua for money approach. The continued fit)ancial support ot Ihè Lord Crewe Trust provid¢$ Invaluable a8$lstsnee by means of a sub8id18ttd tarwf. to qualfying groups. Th• Iruslees. nOI report W&8 approvod on 17 Juno 2025 and signed on bahaif of the boord of trustees Canon T Ma¢pherson Tru$t•O
Seahouses Hostel Independent Examlnetrs Report to the Trust88s of Sèahouses Hostol Year ended 31 March 2025 I report to the trustees on my examlnatlon of the financial stalem&nts of Seahouses Hostel I'the ¢harityl for the year gnded 31 March 2025. RpOnsIbIlItIeS and basis of roport As the trustees of the charity you are responsible for the preparallon of the financial statements In accordance with the requirgments of the Charities Act 2011 ('thg Act'}. I report in respacl of my examination of tho charltys flnancial statements carrfed out under section 145 of the 2011 A¢t and In Carrying out my examlnalion I have followed all th8 applicable Directlons glven by the Charity CommFssion under section 14515llbl of the Act. Indgpandont gxaminerfs St&gment I have completed my examination. l oonfim) that no material matters have come to my attention in connection wlth the examination giving me cause to believe that In any material respect.. accounttng records wgro not kept In respect of the charity 88 requlred by section 130 of th& Act; or the financiol statements do not accord with those records.. or the financial slalements do not comply wth the applicablo requirements concerning the form and conlenl of accounts set out in the Charities {Aecounls and Reports) Regulations 2008 other than any requirement that the accounts give a 'lrue and fail view which is not a maller considered as part of an independent examlnalK)n. I have no concerns and have come across no other matters in connection with the oxaminallon to which attontion should be drawn in this report in order lo enable a proper understanding of the accounts to be reached. Michael W Reed Independent Examiner Russell House Greenwell Road Ajnwick Northumberland NE66 1HB 17 June 2025
Seahouses Hostel Statement of Flnancial Activltles Year ended 31 March 2025 2025 Unrestricted funds Tt>tal fund$ Total funds 2024 In¢omg and endowments Donations, legacies and other8 other trading activities Investment income 17,000 70,146 3,798 90,944 17,000 70,146 3,798 90,944 18,811 80,057 4.625 Total 5ncome 103.493 Expgndlturo Expenditure on r81slng funds: Costs of raising donations and legacies ExperKliture on charbtable activities Total expenditure 4,600 93,018 97,618 118,050 118.050 118,050 118,050 Net16xpendlturo}Ilncome and ngt movomont In funds 127.1061 127,106) 5,875 Reconclllatlon of funds Total funds broLJght forward Total funds carrl&d for%vard 137,558 110,452 137,558 110,452 131,683 137.558 The statement of financial aclivllies Includes all gains and losses recognised in the year. Al Incom8 and expenditure derive from continuing activits'es. Th• not•s on pa9e$ 7 to 14 forni part of th09• flnan¢lal gtat8m•nts.
Seahouses Hostel Statsmont of Flnanclal Posltlon 31 March 2025 2025 2024 Flx•d •$Bots Tangib fix•d $ots 14 14,616 17,112 Cuff8nt a•s•t# D&btors'. due withln on8 y68r Ca8h at bank and kn hand 1S 1,400 103,645 10S,045 1,400 128,217 127.617 •dltor¥: amounts falllng duo wlthln on• y•ar Trad& cradltoig A¢c¥ua18 and defarrod Income 6.225 984 6.481 690 9.209 95.836 110.452 7,171 120,446 137.656 137,558 Nol curr•ntas$•ts Total ass•t• Ims currnnt M•billtle$ N•tass•ts 110,452 Funds of thè charfty Unrastrlc¢•d fvnd$ 110,452 110.452 137.558 137.558 T(*tal ¢h•rltyfund• 17 Th•$0 ffinanclal 81alements w•0 approved by the board of tru8tees and authori8ed for Issu• on 17 June 2025. and am $igned on behalf of thè board by.. Canon T Macphers Trust•• The not06 on pag85 7 to 14 fr•m) part ofthe80 thanclal •tat•ments.
Seahouses Hostel Notes to the Financlal Statsments Year ended 31 March 2025 Ggngral Inlorniatlon The charlty ts a publlc bgnefft gntity and a registered charlty In England and Wal88 and Is a Chorftable Incorporated Organisatlon. The address of the princlpal offtce 18 157 M81n Street Seahou8e8, Northumberland, NE68 7TU. statement of Gompllance These flnanclal ststem8nls have been prepared In compllance vAth FRS 102. 'The Flnan¢lal Roportlng Standard appllcable In the UK and th9 Republlc of Irend,, the Statement of Recommended F4Bctico appllc8tAe to charib8s prepari their accounts In accordancg wlh the Flnancl81 R6POrtlng Slandar(l appllcable In the UK and Repubiic of Ireland {FRS 102} (charf9$ SORP {FRS 1021) and tho Charllies Act 2011. A¢countlng pollcles Govemm•nt grants Govemment grants are Tecounlsod at the falr value of th8 asoet recelved or recglvelle. Grant8 are not recognlsed unlll there Is r6asonable assurgnce that the company wlll comply wlth the condlllon8 altachlng to them and the orants wlll bè r8celved. Where the grant dws not impos8 specified fuiure performancfrrelated oondlllon8 on tho reolpignL 1118 rocognised In Income when the grant proceeds are reoelved or recelvable. Where tho grant does Impose $pèclfied fLJture perfom8nc&related condlllons on Ihg redplenl, it is recognSs8d in income only when the p8rf0M)ancojaIed condltlons have beèn met. Where grants received are prlor to satIn9 the r8v8nuè renIon crlterla, they arè recognised a$ a Ilabluty. Ba8ls of proparatlon Tho financlal statements hav8 been preparèd on Ihe hlstorkal cosl bas1$, 48 modilled by tho revaluatlon of certaln ftnanclal a88ets and 11a11185 and Invgstsnenl prtspertles measured at falr value through Income or oxpandltwe. The financlal statements wo prepared In 8tsdlng, whlch Is Ihe funclk+ll81 currency of the onllty. Ponslon wntrlbutlons Conlrlbullons to defined ¢ontrlbullon plan$ are recognised as an expense In the perlod In whl¢h tho relat8d servlce18 provldgd. Prepald contribullons aro recognl8èd 88 an a88Ot to tha 8xtent that the prepayment wlllload to a reductlon In fulure payments or a cash fafund. Golng Goncèrn There are no materlal uneartalnttes about the charws ability to continue. Dlsdosur• exompllons No cash flow statement ha8 boen presented for the company.
Seahouses Hostel Notes to the Financial Stataments (nI1e) Year ended 31 March 2025 Aceountlng poli¢l•s (oon¢lnuodJ Judggmanls and koy 8ourc08 of estlmatlon un¢artolnty The pparatIOn of Ihe flnancial slalements requires management to make judgements, eslwnales and assumptions that affect the amounts reported. These estlmales and judgements are continually reviewed and arè b8sed i)n experien and olher factors, inclLKling expeotalions of future events that are believed to be reasonable under the ¢ircumslances. Fund a¢¢ountlng UnreslTiCted fund8 are available for use at the dlscrelion of th¢ trustees to further any of the charitys purposes. Designated funds are unreslricled funds earmarked by the trustges for particular fulurg project lx commitment. Restricted funds are subjectèd to Teslrictions on their expenditure declared by the donor or through the temis of an appeal, and fal Into oné of two sb-¢I8$S9S.' roslricted income tunds or endowment funds. Incomlng resources l incoming resources are included in the statement of financiol activities iThh8n enlid8ment has passed to the charit. il is probablo that the economic benefits associated with the Iransa¢lion IMII flow to the charity and the amount can be reliably measured. The follown9 specific policies are applied lo partlculai ¢alegories of incr8.. income frorrt donations or grants 18 recognised when there 18 evld6nca of entitlement to the glft, receipt is probable and its amount can be measured reliably. legacy Incomb Is recognised en r8¢6lpl 1$ probat& 8nd enlittemont is estsblbshed. Income from donated goods is measurod at th8 falr value of Ihg goods unl888 this is impractical lo measure reliably. in which case the value is derived from th8 cost to the donor or tho estlmaled resale value. Donated facilities and servicès are recognised in the accounts whe received if the value can be reliably measured. No amounts are included for the contribution of goneral volunteers. income from contracts for thg supply of services is recognisfjd wlth thè delivery of the contracted serv. This is classified as unre81ricted funds unless thgro is a contractual requirement for il to be spent on 8 partlcular purpose and returned if unspent, In which case il may be regarded as rg8trtoted.
Seahouses Hostel Notes to the Financial Ststements (wnthJuetl) Year ended 31 March 2025 Accountlng poll¢los IGonllnuodJ Resourcos •xp•ndgd Expenditure ig recognised on an accruals basis as a liabllity 58 Incurred. Expenditure includes any VAT whloh cannot be fully recovered, and is cla8silied under headings of the slalemenl of financlal activities to which il relates- expenditure on raising funds includ88 the costs of all furKlraisin9 aclivibes. events, non- charitable trading 8clivllie5, and the sale of donated goods. expendllure on charltsble aCtilIeS Includes all costs Incurred ty a charity In undèrtaklng aclivltles that further its charitable alms for Ihg b8nefil of Ils bengficlari8s. indudlng those support costs and costs r91ating lo the governance of Ihe charfty apportloned to charitable ac1iwt$. other expènditure Includes al expenditure that is neither related lo raislng funtls for the charity nor part of ks expenditure on charitable activltles. All costs are allocated to 8xp8ndbtur& calegorigs rgflecling the use of the resource. Direct costs attributable to a single a¢tNity aye allocated dlrectly lo that actNIty. Shared costs are apportioned between the activities they contribute to on a reasonable. justifiable and consislenl basis. Tanglble 8r•S•ts Tangible assets are inillally recorded al cost. and subsequently slated at cost less any accumulated depreciation a1 impairment losses. Any tangiblo assols carried at revalued amounts are re¢or(led at the fair value at the date of revaluation Igss any subsequent accumulated depreciation and subsequent accumulated impalrment losses. An increos8 in the carying amount of an asset as a result of a revaluallon, Is recognlsed In othèr recognisod gains and losses, unless it revefses a charge for impairment that has previously b8on iecognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and 10$86s, except to whlch it offsets any previous revaluation gain, in whlch case the loss18 shown thIn other recognised galns and losses on the slalement of flnanclal acllvilles. Depreclatlon Depreciation is calculated $0 as to wrile off the co81 or valuation of an as8et, less its residual value, over the useful economic lrfe of that asset as follows.. Fixturos and fittings Equipment 200 reducing balance 20Vo reducing balance Impalrment of flxèd a8sdts A review for indicator8 of Impalment Is carried out al each reportlng dale. wlh the recoverable amount being eslimale(I where such indlcalors exSst. Where the Carng value exceeds the recoverable amount, thè asso1 18 Impalred accordingly. Pritsr impalrments are also rgvlewed for possible revers81 at each reporting date.
Seahouses Hostel Notes to the Financial Statements {contlnu¢d) Year ended 31 March 2025 Accountlng pollclo$ (¢onffJnue(l) Impalrment of fixèd assets (contfftued) For the purposes of impaSrment testing. when it is not possibl& to e81imale the rgcoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generaling unil lo which th8 asset belongs. The cash-generating unit Is the smallest id6nlrfiable group of assets that includes the asset and genarales cash infk)ws that larg8ly indèpendent Df the cash inflows from other assets or groups of assets. For impairment lesling of goodwill. the goodwill acquired in a business combination 18, from the acquis11Son dale, 8llo¢aled lo each of th8 cash-g8nerating units that are expected lo benefit from the synergies of the Combination, irrespective of whether other assets or liabilities of the chaiity ar8 assigned to those units. Flnanclal In$trument$ A finar)cial asset or a financial liabillly is recognised onty when the chaty becomes a party to the ontractual provisions of the inslrumenl. Basic financial instruments aro in511ally recognl8ed at the amount receivable or payable including any related transaction costs. Current assets and cuffonl Ikqbllltles are subsequently measured * the cash (x other consideration expected to be paid or rgceiv8d and not dls¢ounted. Debt In8lrumenls are subsequently measured at amortlsed cost. Where investments In shares are publlcly traded or their fair value can olheMi8e be measurgd reliably, the Inve8tm&nl Is subsequently measured at fair value wlth changes in fair valu$ recognis&d In incom6 and exp8nditure. All other such investments are subsequently moasured al cost less impairment. Other flnanclal Instruments. including derivatives, are Inhlally recognised al fair valu8, unless payment for an asset is dèferred beyond normal buslness terms or flnanced at a rale of interest that 18 not a market rate. in which case the assot Is measured at thè present valua ol the futur& payments dlscounted at a market rate of interest for a similar debt Inslrurnent. Other financial instruments are subsequently measured 81 falr value. with any changes r6¢ognlsed In the statement of financial activities, with the exception of hedging instruments In a deslgnated hedging relationship. Financial assets that arg measured at cost or amortised cost are reviewed for ObjecVe evldence of impairment al the end of each feporting date. If there is objective evidence of impairment. an impairment loss is recognised under the appropriate heading in the stslemenl of financial activieS in whlch the ini1181 gain was recognised. For all equity inslrumgnls rggardless of significance, and other financial assets that ar8 indlvidually Significant. these are assessed individualty for impairment. Other financial assets are gilhor assessed IndNidually or grouped on the basis of similar credit ri8k characterislKs. Any reversals of impairment are re¢ognised immediately. lo the oxtent tr1 tho reversal does not 10
result In a Carng amount of the financial asset that exceeds what th8 carrylng amount would have been had the impaiThent not prevlously been recognised. io
Seahouses Hostel Notes to the Financial Statements (confjlnued) Year ended 31 March 2025 Donatlons, legaclos and othLVS UnreslrScled Funds Restricted Totsl Funds Funds 2025 Donatlons Donations Grants Norlhumb&dand County Council Communlty Foundation Lord Crewe's Charity Rolhley Trust 2.000 15,000 2,000 15,000 17.000 17,000 Unrestrictad Funds Restricted Totsl Funds Funds 2024 Donatlons Donations 211 211 Grants Northumberland County Councll Communlty Foundation Lord Crewe's Charity Rolhley Trust 500 2,000 500 2,000 15,000 1,100 18,811 15,000 1.100 15,211 3,600 Other tradSng actlvltle8 Unrestricted Total Funds Unreslricled Total Funds Funds 2025 Funds 2024 Letlirvj and Licensing 70.146 70.146 80,057 80,057 Invostment In¢omg Unrestricted Total Fund$ Unrestricled Total Funds Funds 2025 Funds 2024 Bank Interest receivable 3,798 3.798 4.625 4,625 Costs of ralsing donatlon$ and legacles Restricted Total Funds Funds 2025 Reslrictod Total Funds Funds 2024 Costs of raising donations and legacies Grants receivable 4.600 11
Seahouses Hostel Not88 to the Flnanclal Stat8montS {contthuedJ Year ended 31 March 2025 Charltabl• a¢tlvltle$ Unrestricted Funds Resirlcled Total Funds Funds 2025 Charltablo acttvlles Support costs 117.066 117,066 118,050 118,050 Unreslricled Funds Reslrictsd Total Funds Funds 2024 Charitable activities Support costs 90,389 1,414 91,803 1.215 91,604 1,414 93,018 1,215 Expendlture on charltable activilies by actlvlty type Activities undertaken directly Support costs Total funds 2025 Totsl fund 2024 Charitsble activities Govemance costs 117,066 117.066 984 91,604 1,414 93,018 984 117,066 984 118,050 10. Nel (expendIra)rinc0Me Net lexpenditurgllincome is slated after ¢harginglleredllingl'. 2025 2024 DepreciatiC of tangible fixed a88ets 3,654 4,278 11. Independent examlnation fees 2025 2024 Fees payable to the independent examiner for.. Independent examination of the financlal statgments 900 900 12. Staff costs The lolal staff u)sls and employee benefits for the reporting pwlod are analysed as follows.. 2025 2024 Wages and salaries 26,797 22.297 The average head wunl of employees during the year was 312024.. 31. 12
Seahouses Hostel Notes to the Financial Statements (contlnued) Yoar ended 31 March 2025 12. Staff Costs fwillnu8d) No employee re1Ved employee beneflts of more than £60.000 during the ye8r12024.. Nill. 13. Trust00 romuneratlon and expenses No remuneration or other benefits from employment wlh the charity or a rel8tsd ontity were receiv8d by the trustees. 14. Tangible red asset$ Flxtures and fittings Equlpmenl Total Cost At 1 April 2024 Additions 5.984 1,158 7,142 63.151 69,135 1.1S8 At 31 March 2025 63.151 70.293 Deprnciatlon At 1 April 2024 Charge for the year At 31 March 2025 5,426 343 46,597 3,311 52,023 3.854 5.769 49,908 55.677 Carrylng amount At 31 Mar¢h 2025 1,373 558 13.243 16,554 14.616 At 31 March 2024 17.112 15. Dèbtory Debtors falling due within one year ar¢ as follows- 2025 2024 Prepayments and a¢¢rugd income 1,400 1,400 16. Other cr•dltor8 Includlng taxatlon and so¢lal sgcurlty falllng due within one yr 2025 £nll 2024 £nll 13
Seahouses Hostel Notes to the Financial Statements (¢onllnu Year ended 31 March 2025 17. AnaFysls of charltsble funds Vnrestrfcted fvnds Al 1 Aprll 2024 At Income Expenditure 31 March 202S Ggneral funds Designated Fund 17,332 120,226 137,558 90,944 {118.0501 {9,774) 120,226 90.944 (118,0501 110,452 At 1 April 2023 At Income Expenditur8 31 March 2024 General fvnds D8slgnated Fund 9,242 120,226 99,893 191.8031 17,332 120,226 137,558 129,468 99,893 191.8031 18. Analy$l$ of not assets between fund$ Unrestrtcled Totsl Funds Funth 2025 Tanglble f1xed assets Current assets 14,616 95.836 110.452 14,616 95.836 110.452 Net assets Unrestricted Total Funds Funds 2024 Tangible fixed assets Current assets 17.112 120.446 17.112 120,446 137.558 Net assets 137.558 19. Leasè commltmonts AS part of the on-golng worf( to redevelop the premlses, a new lease has been negotiated with effect from 1 April 2018. 20. Relatad partles There werg no direct transactior wlh ony rglaled party during th6 year12024: £nll). 14
Seahouses Hostel Management Information Year ended 31 March 2025 The tollowlng pages do not forni part of the financlal statomonts. 15
Seahouses Hostel Detailed Statement of Flnanclal Actlvltles Year ended 31 March 2025 2025 2024 Income and endowments Donations, legacies and other8 Donations NorthumborlaThJ County Councll Community Foundation Lord Crewe's Char Rothley Trust 211 500 2,000 1S,QOO 1,100 2,000 15,000 17,000 18,811 Other tradlng activStles Letting and Llc8nsing 70,146 80,057 Investment Income Bank Interest raceivable 3,798 4,625 Total Incomt 90,944 103,493 Expendlture Costs of ralsing donatlons and1ggaclg5 Rapalrs and maintenance 4,600 Expendlturo on ¢harftable acllvltles Wardens Ernploymenl Costs Rent Rates and Water Heal, Light and Power Building Maintenan InSUranS Garden Hall Expenses and Resources Postagas. Phone. Stationery and Advertising Accountancy Fe8S Sundries and Administration House Keeping and Cleaning Costs Depr&ci8llon Bookke&ping an Reporting Health and Safety Renewals and Renovations 26,797 6,000 1,568 6.408 9,297 4,554 1,720 22,297 6,000 1.353 6,481 13,109 4,265 1,361 217 1,636 912 1,620 4,629 4.278 1,176 94 23,610 93,018 2,096 984 1.003 6,268 3,654 2.197 45,504 118,050 Totol ?xpondlturo 118.050 97.618 16
Seahouses Hostel Detalled Statement of Flnancial Activities (con¢inu¢d) Year ended 31 March 2025 2025 2024 Nèt {gxpondlturellln¢ome 127,106) 5.875 17
Seahouses Hostel Notes to the Detalled Statement of Financlal Actlviti8S Year ended 31 March 2025 2025 2024 Costs of ralslng donatlons andlggacles Cost$ of ralslng donatlons and lega¢les- Grants receivabl• Grants receivable - repairs & mainl@nance 4,600 Costs of ralslng donatlons and legacles 4,600 Expèndlture on ¢haritablt actlvltles Charltablg a¢tlvltSes Actlvltles undertaken dlre¢tly Warden's Employment Costs Rent Rates and Wat8Y Heat Light and Power Building Maintenance Insurances Garden Hall Expenses and Resources Postage, Phono, Stationery and Advertising Sundries and Adminislralion House Keeping and Cleanlng Costs Depreciation Bookkaeplng and Reporting Hgallh and Safety R8newals and Renowdtions 26.797 22,297 6.000 1.353 6,461 13,109 4,265 1,361 217 1,636 1,118 4,829 4,278 1,176 1,568 6.408 9,297 4,554 1,720 2,096 1,003 6,268 3,654 2,197 45,504 117,066 23.610 91.604 Governanco costs Govemancg costs - accountancy feès Govemance costs- honorarium 912 502 1,414 Expèndlturfr on charitable aGtivitie¥ 118.050 93,018 18