COMPANY REGISTRATION NUMBER: 12484007 CHARITY REGISTRATION NUMBER: 1191185
Seaquins (Westcliff) Company Limited by Guarantee Unaudited Financial Statements 30 June 2024
LEVENSONS LTD
Chartered Certified Accountants Rico House George Street Manchester M25 9WS
Seaquins (Westcliff)
Company Limited by Guarantee
Financial Statements
Year ended 30 June 2024
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Independent examiner's report to the trustees | 6 |
| Statement of financial activities (including income and | |
| expenditure account) | 8 |
| Statement of financial position | 9 |
| Notes to the financial statements | 11 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 20 |
| Notes to the detailed statement of financial activities | 21 |
SEAQUINS (WESTCLIFF) FINANCIAL YEAR ENDING MARCH 2025 To our valued supporters and stakeholders, On behalf of the Trustees of Seaquins (Westcliffj, I am pleased to present our annual report for the fi- nancial year ending March 202.5. This document provides a comprehensive overview of our activities, acliievements, and financial perforn]ance during tliis period. This year has been one of significant growth and impact for Seaquins (Weslcliffj. We have continued to focus on our mission of serving the Orthodox Jewish community in Westcliff, addressing the unique challenges faced by oiir beiieficiaries. The support we have received from our funders has been invalu- able, allowinby us to expand our programs and reach a wider audience. We are particularly grateful for the substantial support from the Reaching Communities fund. which has enabled us to deliver a holistic range of services encompassing mental health, training, community connection. and physical wellbeiiig. This integrated approach has been cnjcial in building the resilience of our community. Furthennore, the targeted thnding from organizations such as the Community Investment Board, Jewish Child's Day, and the Essex Community Foundation has allowed us to address specific needs, in- cluding financial hardship, youth developnient, and social isolation. We have strived to ensure that all our activjties are culturally sensitive and responsive to the needs of our community- We remain committed to maintaining the highest standards of governance and financial transparency. We are dedicated to ensuring that all funds are used effectively and efficiently to maximize the benefit to our beneficiaries. We extend our sincere thanks to our dedicated staff, volunteers, and supporters. We look forward to continuing our work and building upon the successes of this year. Sincerely? SHAUL KORNBLUH Chaii-maii B(JaiYl ()f Ti'ii.siee.¥ ,Seaquin5 (Westcliffl
Seaquins (Westcliff)
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 30 June 2024
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 30 June 2024.
Reference and administrative details
Registered charity name Seaquins (Westcliff) Charity registration number 1191185 Company registration number 12484007 Principal office and registered 41 Anerley Road office Westcliff-On-Sea Essex SS0 7HJ
The trustees
Independent examiner
Mr A Galitzky Mr J Klein Mrs S Grunnfeld (Appointed 19 July 2023) Mr SB Kornbluh Yisroel Levenson FCCA CTA Rico House George Street Manchester M25 9WS
1
Seaquins (Westcliff)
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 30 June 2024
Structure, governance and management
Governing document
The Memorandum and Articles dated 26 February 2020 as amended by special resolutions on 14 August 2020 and 23 February 2021.
Objectives and activities
Objectives and aims
To advance the Jewish religion, particularly in Westcliff, for the benefit of the public through the holding of prayer meetings, lectures and celebration of religious festivals. To provide or assist in the provision of facilities in the interests of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disability, financial hardship or social circumstances with the object of improving their conditions of life, for the public benefit. Public benefit
The trustees confirm their compliance with the duty to have regard to the Public Benefit guidance published by the Charity Commission when reviewing the Charity's aims and objectives in planning future activities. Social investments In recent years, a new community of Orthodox Jewish families was established in Westcliff, comprising of Chassidim from the Belz, Viznitz, Skver, and Slonim ethnic groups. There are currently over 70 families residing in the town. Seaquins (Westcliff) provides activities for young children aged two to seventeen and their families. Our project users have a unique set of cultural, language (Yiddish) and religious requirements that mean very few, if any, would contact a mainstream provision. This results in them not getting the support they need. Despite all the challenges experienced over the last year, Seaquins (Westcliff) has been able to deliver an amazing array of services and support to the Orthodox Jewish young people in Westcliff. The majority of families within the community have no access to TV and limited access to the internet. Therefore, the community, and its local organisations, had a huge learning curve in being able to adapt to and adopt new digital styles of communications in place of the familiar face-to-face community gatherings. This in itself created huge anxiety and stress, but Seaquins (Westcliff) was able to create connections, share its knowledge, provide reassurance, as well as delivering training in new skills and in training new volunteers.
2
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£10,000
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Seaquins (Westcliff)
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 30 June 2024
Strategic report
The following sections for achievements and performance and financial review form the strategic report of the charity.
Achievements and performance
Charitable activities
-
Over 50 Young people receiving mentoring or counselling support, reporting improved resilience to stress and anxiety. - Running weekly youth activities
-
Sports activities including biking, basketball, and football
-
Breakfast clubs and food/refreshments
-
Therapy and music groups
These activities have helped to bring youth together to build friendships and to be physically active. It helps them to work together and to learn new skills. All of which help to reduce isolation and strengthen ties across the community. - Family support We have supported various families with mentoring and parenting guidance, providing advice and reassurance around family issues. We have signposted for professional support as and when required.
Financial review
Income from donations etc totalled £426,878. Expenditure in furtherance of charitable activities aggregated £268,611 resulting in net income of £132,653. The financial results of the charity's activities for the year to 30 June 2024 are fully reflected on pages 5 and 6 of the Financial Statements together with the notes thereon.
The trustees' annual report and the strategic report were approved on 27 March 2025 and signed on behalf of the board of trustees by:
Mr SB Kornbluh Trustee
5
Seaquins (Westcliff)
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Seaquins (Westcliff)
Year ended 30 June 2024
I report to the trustees on my examination of the financial statements of Seaquins (Westcliff) ('the charity') for the year ended 30 June 2024.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements 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 the 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 the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I 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:
-
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
-
the financial statements do not accord with those records; or
-
the financial statements 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
-
the financial statements 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).
6
Seaquins (Westcliff)
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Seaquins (Westcliff) (continued)
Year ended 30 June 2024
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.
Yisroel Levenson FCCA CTA Independent Examiner
Rico House George Street Manchester M25 9WS
27 March 2025
7
Seaquins (Westcliff)
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 30 June 2024
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 5 | 293,118 | 133,760 | 426,878 | 497,234 |
| Investment income | 6 | 15,620 | – | 15,620 | – |
| ��������� | ��������� | ��������� | ��������� | ||
| Total income | 308,738 | 133,760 | 442,498 | 497,234 | |
| ��������� | ��������� | ��������� | ��������� | ||
| Expenditure | |||||
| Expenditure on raising funds: | |||||
| Costs of other trading activities | 7 | – | – | – | 27,185 |
| Expenditure on charitable activities | 8,9 | 176,085 | 92,526 | 268,611 | 175,412 |
| ��������� | ��������� | ��������� | ��������� | ||
| Total expenditure | 176,085 | 92,526 | 268,611 | 202,597 | |
| ��������� | ��������� | ��������� | ��������� | ||
| ��������� | ��������� | ��������� | ��������� | ||
| Net income and net movement in | funds | 132,653 | 41,234 | 173,887 | 294,637 |
| ��������� | ��������� | ��������� | ��������� | ||
| Reconciliation of funds | |||||
| Total funds brought forward | 296,074 | – | 296,074 | 1,437 | |
| ��������� | ��������� | ��������� | ��������� | ||
| Total funds carried forward | 428,727 | 41,234 | 469,961 | 296,074 | |
| ��������� | ��������� | ��������� | ��������� |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 11 to 18 form part of these financial statements.
8
Seaquins (Westcliff)
Company Limited by Guarantee
Statement of Financial Position
30 June 2024
| 2024 | 2023 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 16 | 1,909,223 | 1,883,247 |
| Current assets | |||
| Debtors | 17 | 50,502 | – |
| Cash at bank and in hand | 2,443 | 17,216 | |
| �������� | �������� | ||
| 52,945 | 17,216 | ||
| Creditors: amounts falling due within one year | 18 | 170,623 | 1,604,389 |
| ��������� | ������������ | ||
| Net current liabilities | 117,678 | 1,587,173 | |
| ������������ | ������������ | ||
| Total assets less current liabilities | 1,791,545 | 296,074 | |
| Creditors: amounts falling due after more than one year | 19 | 1,321,584 | – |
| ������������ | ��������� | ||
| Net assets | 469,961 | 296,074 | |
| ������������ | ��������� | ||
| Funds of the charity | |||
| Restricted funds | 41,234 | – | |
| Unrestricted funds | 428,727 | 296,074 | |
| ��������� | ��������� | ||
| Total charity funds | 20 | 469,961 | 296,074 |
| ��������� | ��������� |
For the year ending 30 June 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
The statement of financial position continues on the following page. The notes on pages 11 to 18 form part of these financial statements.
9
Seaquins (Westcliff)
Company Limited by Guarantee
Statement of Financial Position (continued)
30 June 2024
These financial statements were approved by the board of trustees and authorised for issue on 27 March 2025, and are signed on behalf of the board by:
Mr SB Kornbluh Trustee
The notes on pages 11 to 18 form part of these financial statements.
10
Seaquins (Westcliff)
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 30 June 2024
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 41 Anerley Road, Westcliff-On-Sea, Essex, SS0 7HJ.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
11
Seaquins (Westcliff)
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 June 2024
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
12
Seaquins (Westcliff)
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 June 2024
3. Accounting policies (continued)
Tangible assets (continued)
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised 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 losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings - 25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
13
Seaquins (Westcliff)
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 June 2024
3. Accounting policies (continued)
Financial instruments (continued)
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Limited by guarantee
In event of the charity being dissolved, the liability of each member towards the debts, liabilities and costs of the charity is restricted to £1.
5. Donations and legacies
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Donations | |||
| Donations | 293,118 | 133,760 | 426,878 |
| ��������� | ��������� | ��������� | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Donations | |||
| Donations | 497,234 | – | 497,234 |
| ��������� | ���� | ��������� |
14
Seaquins (Westcliff)
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 June 2024
6. Investment income
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
|---|---|---|---|---|---|---|
| Funds | 2024 | Funds | 2023 | |||
| £ | £ | £ | £ | |||
| Income from investment properties | 15,620 | 15,620 | – | – | ||
| �������� | �������� | ���� | ���� | |||
| 7. | Costs of other trading activities | |||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2024 | Funds | 2023 | |||
| £ | £ | £ | £ | |||
| Costs of other trading activities - | ||||||
| Advertising and publicity | – | – | 27,185 | 27,185 | ||
| ���� | ���� | �������� | �������� | |||
| 8. | Expenditure on charitable activities by fund type | |||||
| Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2024 | ||||
| £ | £ | £ | ||||
| Activities | 48,707 | 35,510 | 84,218 | |||
| Support costs | 127,378 | 57,016 | 184,393 | |||
| ��������� | �������� | ��������� | ||||
| 176,085 | 92,526 | 268,611 | ||||
| ��������� | �������� | ��������� | ||||
| Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2023 | ||||
| £ | £ | £ | ||||
| Activities | 82,372 | – | 82,372 | |||
| Support costs | 93,040 | – | 93,040 | |||
| ��������� | ���� | ��������� | ||||
| 175,412 | – | 175,412 | ||||
| ��������� | ���� | ��������� | ||||
| 9. | Expenditure on charitable activities by activity type | |||||
| Activities | ||||||
| undertaken | Grant funding | Total funds | Total fund | |||
| directly | of activities | Support costs | 2024 | 2023 | ||
| £ | £ | £ | £ | £ | ||
| Activities | 35,753 | 48,465 | 184,393 | 268,611 | 175,412 | |
| �������� | �������� | ��������� | ��������� | ��������� | ||
| 10. | Analysis of support costs | |||||
| Analysis of | ||||||
| support costs | ||||||
| activity 1 | Total 2024 | Total 2023 | ||||
| £ | £ | £ | ||||
| Governance costs | 184,393 | 184,393 | 120,225 | |||
| ��������� | ��������� | ��������� |
15
Seaquins (Westcliff)
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 June 2024
| 11. | Analysis of grants | ||
|---|---|---|---|
| 2024 | 2023 | ||
| £ | £ | ||
| Grants to institutions | |||
| Grants to institution s |
21,220 | – | |
| Grants to individuals | |||
| Grants to individuals | 27,245 | – | |
| �������� | ���� | ||
| Total grants | 48,465 | – | |
| �������� | ���� | ||
| 12. | Net income | ||
| Net income is stated after charging/(crediting): | |||
| 2024 | 2023 | ||
| £ | £ | ||
| Depreciation of tangible fixed assets | 9,857 | – | |
| ������� | ���� | ||
| 13. | Independent examination fees | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Fees payable to the independent examiner for: | |||
| Independent examination of the financial statements | 960 | 1,500 | |
| ���� | ������� | ||
| 14. | Staff costs |
The total staff costs and employee benefits for the reporting period are analysed as follows:
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 35,725 | – |
| Other employee benefits | 7,100 | – |
| �������� | ���� | |
| 42,825 | – | |
| �������� | ���� | |
| The average head count of employees during the year was 5 (2023: Nil). The average | number of | |
| full-time equivalent employees during the year is analysed as follows: | ||
| 2024 | 2023 | |
| No. | No. | |
| Number of staff | 5 | – |
| ���� | ���� |
No employee received employee benefits of more than £60,000 during the year (2023: Nil).
15. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
16
Seaquins (Westcliff)
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 June 2024
16. Tangible fixed assets
| Freehold | Fixtures and | |||
|---|---|---|---|---|
| property | fittings | Total | ||
| £ | £ | £ | ||
| Cost | ||||
| At 1 July 2023 | 1,883,247 | – | 1,883,247 | |
| Additions | (3,596) | 39,429 | 35,833 | |
| ������������ | �������� | ������������ | ||
| At 30 June 2024 | 1,879,651 | 39,429 | 1,919,080 | |
| ������������ | �������� | ������������ | ||
| Depreciation | ||||
| At 1 July 2023 | – | – | – | |
| Charge for the year | – | 9,857 | 9,857 | |
| ������������ | �������� | ������������ | ||
| At 30 June 2024 | – | 9,857 | 9,857 | |
| ������������ | �������� | ������������ | ||
| Carrying amount | ||||
| At 30 June 2024 | 1,879,651 | 29,572 | 1,909,223 | |
| ������������ | �������� | ������������ | ||
| At 30 June 2023 | 1,883,247 | – | 1,883,247 | |
| ������������ | �������� | ������������ | ||
| 17. | Debtors | |||
| 2024 | 2023 | |||
| £ | £ | |||
| Other debtors | 50,502 | – | ||
| �������� | ���� | |||
| 18. | Creditors: amounts falling due within one year | |||
| 2024 | 2023 | |||
| £ | £ | |||
| Bank loans and overdrafts | – | 1,159,287 | ||
| Trade creditors | (1) | – | ||
| Accruals and deferred income | – | 1,500 | ||
| Other creditors | – | 443,602 | ||
| Other creditors | 170,624 | – | ||
| ��������� | ������������ | |||
| 170,623 | 1,604,389 | |||
| ��������� | ������������ | |||
| 19. | Creditors: amounts falling due after more than one year | |||
| 2024 | 2023 | |||
| £ | £ | |||
| Bank loans and overdrafts | 1,321,584 | – | ||
| ������������ | ���� |
17
Seaquins (Westcliff)
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 June 2024
20. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||||
|---|---|---|---|---|---|---|
| At | ||||||
| At 1 July 2023 | Income | Expenditure | 30 June 2024 | |||
| £ | £ | £ | £ | |||
| General funds | 296,074 | 308,738 | (176,085) | 428,727 | ||
| ��������� | ��������� | ��������� | ��������� | |||
| At | ||||||
| At 1 July 2022 | Income | Expenditure | 30 June 2023 | |||
| £ | £ | £ | £ | |||
| General funds | 1,437 | 497,234 | (202,597) | 296,074 | ||
| ������� | ��������� | ��������� | ��������� | |||
| Restricted funds | ||||||
| At | ||||||
| At 1 July 2023 | Income | Expenditure | 30 June 2024 | |||
| £ | £ | £ | £ | |||
| Restricted Fund 2 - desc in a/cs | – | 133,760 | (92,526) | 41,234 | ||
| ���� | ��������� | �������� | �������� | |||
| At | ||||||
| At 1 July 2022 | Income | Expenditure | 30 June 2023 | |||
| £ | £ | £ | £ | |||
| Restricted Fund | – | – | – | – | ||
| ���� | ���� | ���� | ���� | |||
| 21. | Analysis of net assets between | funds | ||||
| Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2024 | ||||
| £ | £ | £ | ||||
| Tangible fixed assets | 1,909,223 | – | 1,909,223 | |||
| Current assets | 11,711 | 41,234 | 52,945 | |||
| Creditors less than 1 year | (170,623) | – | (170,623) | |||
| Creditors greater than 1 year | – | – | – | |||
| ������������ | �������� | ������������ | ||||
| Net assets | 1,750,311 | 41,234 | 1,791,545 | |||
| ������������ | �������� | ������������ | ||||
| Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2023 | ||||
| £ | £ | £ | ||||
| Tangible fixed assets | 1,915,080 | – | 1,915,080 | |||
| Current assets | 17,216 | – | 17,216 | |||
| Creditors less than 1 year | (447,913) | – | (447,913) | |||
| Creditors greater than 1 year | (1,159,287) | – | (1,159,287) | |||
| ������������ | ���� | ������������ | ||||
| Net assets | 325,096 | – | 325,096 | |||
| ������������ | ���� | ������������ |
18
Seaquins (Westcliff)
Company Limited by Guarantee
Management Information
Year ended 30 June 2024
The following pages do not form part of the financial statements.
19
Seaquins (Westcliff)
Company Limited by Guarantee
Detailed Statement of Financial Activities
Year ended 30 June 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| Donations | 426,878 | 497,234 |
| ��������� | ��������� | |
| Investment income | ||
| Income from investment properties | 15,620 | – |
| �������� | ���� | |
| ��������� | ��������� | |
| Total income | 442,498 | 497,234 |
| ��������� | ��������� | |
| Expenditure | ||
| Costs of other trading activities | ||
| Purchases | – | 27,185 |
| ��������� | ��������� | |
| Expenditure on charitable activities | ||
| Purchases | 28,216 | – |
| Wages and salaries | 35,725 | – |
| Other post-retirement benefits | 7,100 | – |
| Rent | 3,400 | – |
| Rates and water | 600 | – |
| Light and heat | 2,506 | 3,595 |
| Repairs and maintenance | 10,000 | 16,716 |
| Insurance | 2,470 | 1,520 |
| Other motor/travel costs | 5,031 | – |
| Legal and professional fees | 24,623 | 1,500 |
| Telephone | 528 | – |
| Other office costs | 11,689 | 556 |
| Depreciation | 9,857 | – |
| Interest on bank loans and overdrafts | 78,401 | 69,153 |
| st n a r G |
48,465 | 82,372 |
| ��������� | ��������� | |
| 268,611 | 175,412 | |
| ��������� | ��������� | |
| ��������� | ��������� | |
| Total expenditure | 268,611 | 202,597 |
| ��������� | ��������� | |
| ��������� | ��������� | |
| Net income | 173,887 | 294,637 |
| ��������� | ��������� |
20
Seaquins (Westcliff)
Company Limited by Guarantee
Notes to the Detailed Statement of Financial Activities
Year ended 30 June 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Costs of other trading activities | ||
| Costs of other trading activities - Advertising and publicity | ||
| Advertising and publicity - purchases | – | 27,185 |
| ���� | �������� | |
| ���� | �������� | |
| Costs of other trading activities | – | 27,185 |
| ���� | �������� | |
| Expenditure on charitable activities | ||
| Activities | ||
| Activities undertaken directly | ||
| Direct charitable activities - purchases | 28,216 | – |
| Direct charitable activities - light & heat | 2,506 | – |
| Direct charitable activities - other motor/travel costs | 5,031 | – |
| Direct charitable activities - other | – | 82,372 |
| �������� | �������� | |
| 35,753 | 82,372 | |
| �������� | �������� | |
| Grant funding activities | ||
| Grant charitable activities - other | 48,465 | – |
| �������� | ���� | |
| Support costs | ||
| Support charitable activities - wages/salaries | 35,725 | – |
| Support charitable activities - other employee benefits | 7,100 | – |
| Support charitable activities - rent | 3,400 | – |
| Support charitable activities - rates & water | 600 | – |
| Support charitable activities - light & heat | – | 3,595 |
| Support charitable activities - repairs & maintenance | 10,000 | 16,716 |
| Support charitable activities - insurance | 2,470 | 1,520 |
| Support charitable activities - legal and professional fees | 24,623 | 1,500 |
| Support charitable activities - telephone | 528 | – |
| Support charitable activities - other office costs | 11,689 | 556 |
| Support charitable activities - depreciation | 9,857 | – |
| Support charitable activities - interest on bank loans and overdrafts | 78,401 | 69,153 |
| ��������� | �������� | |
| 184,393 | 93,040 | |
| ��������� | �������� | |
| ��������� | ��������� | |
| Expenditure on charitable activities | 268,611 ��������� |
175,412 ��������� |
21