Holme Cultram Sea Dyke Charity Report and Unaudited Financial Statements Year ended: 30 June 2025 RegiSte￿d Charity no: 225418 Armstrong Watson Audit Limited Chartered Accountants James Watson House Montgomery Way Roseh ill Cadisle Cumbria CAI 2UU Holme Cultram Sea Dyke Charity Year ended 30 June 2025 Contents Page Legal and administrative details Report of the trustees Independent examiner's report to the trustees Receipts and payments account Statement of assets and liabilities Holme Cultram Sea Dyke Charity Legal and administrative details Trustees Mr J Wise Mr D Hurst Mr J Graham Mr A Harrison (Deceased) Mr N Hughes Mr T Markley Mr D Findlay Mr J Graharn Mr S Routledge Mr C Edmunds Mr N Armstrong Mr D Reed Mr K Robinson Mrs Z Horsley Mr J Steel Mr J Harr150n (appointed) Mr R Bowness (appointed) (Chairman) (VKe-chairman) Appolntment of Trustees 17 trustees are appointed as follows:_ 2 Qualif led landowners f rom each of the f our parishes 3 Representatives f rom Fk)Ime Low Parish Council 2 Representative f rom Holme Abbey Parish Council l Representative f rom Holme East Waver Parish Council l Representative f rom Holme St Cuthbert's Parish Councl l Representative f rom Silloth Town Council I Co-optive Trustee a person residing or carrying on business in or near the ancient Parish of Holme Cultram. Landowner trustees are nominated by the existing trustees on the board when a vacancy becomes available. The Landowner trustees are elected every four years at the Landowner meeting. Parish Council trustees when a vacancy becomes avadable the trustees invite the appropriate Pariqh Council to nominate a Councillor. Secretary Ms A Beverley Address of Charity The Forge, Abbeytown. Wigton, Cumbria. CA7 4SE Accountants/lndependent Examiner Armstrong Watson ALEdit ￿mIted, Chartered Accountants. lames Watson House, Montgomery Way, Rosehill, Carlsle. Cumbria. CAI 2UU. Bankers HSBC Bank Plc, 29-31 English Street. Carlisle, CA3 8JT Holme Cultram Sea Dyke Charity Report of the trustees Year ended 30 June 2025 The trustees present their annual report and the unaudtted financial statements for the year ended 30 June 2025. The Holme cU￿rarn Sea Dyke Charty is an unincorporated association and is established by a Court Scheme of 25 February 1889. last amended on 8 January 2001. It was registered with the Charty Commission (No. 225418) on 17 March 1964. The board of trustees administers the charty. Main Objects The main object of the charty was to maintain and repair all or any of the Sea Dykes in the Ancient Parish of Holme cU￿arn. This was extended in 1981 to stste that the Trustees may apply the incorne for such charitable purposes for the general benefit of the inhabitants of the Ancient Parish of Holme Cultram as they think f it. In order to achEve its objectives the charity holds various property and land for investment purposes. By letting this kind and property the charty derwes an income which is used to provide donations for the general benefit of the inhabitsnts of the Ancient Parish of Holme Cultram. Summary of Charitable Activities and Review of Progress This year has seen a few changes Sad￿ not for the best reasons. sadly we lost one of our long stsnding trustees Ashley Harrison at the beginning of the year. He will be 3 miss to us all going f onvard. We welcomed John Harrison. Ashley's son, to take his pface and we also welcomed Parish councilor Robert Bowness from Abbeytown to the trustees. Donations were made to all 4 churches. 4 schools. 2 halls and to Silloth convalescent home. There was a further donation to Abbeytown preschool and another generous donation again to the convalescent home. The main running topic this year has been Dan￿1 frffen's new shed on Swinsty Farm that has been updated wtth new floors and roof. Most of the work has been completed and paid for ready in time for the INestock to come indoors for winter. The last part of the year has seen the trustees reviewing the tenancy and rent options on the farm with a view to update in the new year once the next meeting has been held. other than that it has been a pleasant year for most and we wekome 2026 being much the same. Arny Beverley Clerk to the Trustees Holme Cultram Sea Dyke Charity Report of the trustees Public Benefit Statement The main activty undertaken by the charty is to obtain a regular income from its properties and then donate to various organisations within the Ancient Parish of HDlme Cultram. These organisations vary and include village halls, churches, schools and the Silloth Nursing and Residential Care Home. The charity's main aim is to benef￿ all parishioners in the ancient parish, and by donating to these organisations the trustees f eel they are reaching out to parshioners of all ages. Reserves Policy The charity's funds are all unrestrrted at the year end date. The trustees maintsin a level of reserves equal to the estimated expenditure expected to occur in the following year. Basts of Preparation These accounts have been drawn up on the receipts and payments basis, net of recoverable VAT. which is consistent wrfch the previous periods. Approved by the board of trustees on and signed on its behalf by.. Mr J Wise, Chairman Holme Cultram Sea Dyke Charity Independent examinerfs report to the trustees Year ended 30 June 2025 I report to the trustees on my examination of the accounts of the charty for the year ended 30 June 2025. Respectlve Responslbilities of Trustees and Examiner and Basls of Report As the charty trustees of the Trust you are responsible for the preparatK)n of the ccounts in accordance wfch the requirements of the Charities Art 2011 ('the Act,). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charty Commission under SeC￿n 145{5llb) of the Art. Independent Examiner's Statement I have completed rny examinatK)n. I conf irm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the Trust as required by seCt￿n 130 of the Act. or 2. the accounts do not accord with those records. I have no concerns and have come across no other matters in COnnect￿n wth the examlnatlon to which attention should be drawn In thls report in order to ¢ri*Jblv d proper understantling of the accounts to be reached. This report is made solely to the charty's Trustees. as a body* in accordance with section 145 of the Charities Art 2011 and regulations made under section 154 of that Act. My work has been undertaken so that I might state to the charity'5 Trustees those matters I am required to state to them in an Independent examiner's report and f or no other purpose. To the f ullest extent permitted by law. I do not accept or assume responsibility to anyone other than the charty and the charity's Trustees as a bodyi for rny work or for this report. Karen Rae FCCA ARMSTRONG WATSON AUDtr LIMrrED Chartered Accountants Carlisle Dated.. IS•Por-J ZY2tD Holme Cultram Sea Dyke Charity Receipts and Payments account for the year ended 30 June 2025 2025 2024 Receipts COIF dividends Rent United Utilities wayleave Basic Payment Scheme Output VAT VAT received from HMRC 3.012 24.004 2,947 24,004 887 4,391 3,541 4,490 2.580 34,930 35,77C Payments staff salaries and wages Accountsncy Insurance Purchase of investments Input VAT VAT paid to HMRC Repairs Donations Sundry 1,546 1,090 1293 1,602 I,iio 2.048 243 4.393 126 11,000 61 9,036 1,080 45,274 2,000 20.752 62,304 Surplus/{Def icttlfor the Year 14,178 (26,444) Funds (Monetary Assets) Brought Forward 37,331 Funds (Monetary Assets) Carried Forward All f unds are unrestricted in nature. Holme Cultram Sea Dyke Charity statement of Assets and Liabilities as at 30 June 2025 2025 2024 Freehold Property {at Valuation) Held for Investment Purpose5'. Swinsty Farm, Abbeytown Field 4639 at Abbeytown Allotment Gardens Three Stints on Skinburness Marsh 348,000 16,000 5,OlXI 600 348,000 16,000 5,000 600 369.600 369.600 Investments (at Market Value) COIF Recoupment Order COIF Permanent Endowment COIF Accumu1a￿n of Income 73.994 31,471 75,378 32,974 178.605 184,986 Monetary Assets (Cash Balances) HSBC Treasurer Account 25.065 10,888 other Assets COIF Accrued Income 758 740 758 740 Liabilities Accountancy COIF Recoupment order 1.180 1,200 12,000 13.180 553,014 These financial statements were approved by the trustees on the 8fi>-4 and are signed on their behalf by= Mr J Wise, Chairman