SANDWICKSOCIAL & ECONOMIC DEVELOPMENT scio UNAUDITED FINANCIAL STATEMENTS FOR THEYEAR ENDED 31ST December 2024 Ch•rlty Numb•r SC031042
SANDWICKSOCIAL & ECONOMIC DEVELOPMENT (SCIO) YEAAE N010 31 OECEMIJEA 2024 TrusteesAnnual Report Indepen¢Jent •xaminor s rgpon Intslfyeg Slalen*nt of Rew'pis and Payrrents S the Fin8rKe Staknmftts
SANDWICK SOCIAL & ECONOMIC DEVELOPMENT (SCIO) YEAR ÉNDED31 DÉCEMIER 2024 TRU8TEES'ANIIUAL REPORT Thete&S Dreseni théirréport al thè unaudlle(I Ifnan&BI 51ainents ofih•cttarfty loriheyearendBd 31 December 20?4. REFERENCE AND ADMINISTRATIVE DETAILS R•glst•r4d ¢h•rlty nam• Sandwth Srxial ar E¢oncfflic OevelopnRnl Charlty r•gl•tntlon nwnb•r SC031042 Pri1p •ddr• THE TRUSTEes The IneS who served chanty dunng Ihe Feriod were as lo1$. Indep•n¢•nt •x•mln•r BMLA¢counts Ltd 24 Alexandra &Jilding Esplanade LeThMck ShellaTrJ ZE1 OLL STRUCTUR& GoveRMANCE A14D IAANAGEIAENT The GTWP tAps rngislered as a charity on 6 February a)01 and is govemed ty lis vllitten cthitul. OBJECTIVES AND ACTMTIES The obpctive of organizan is Ihe provision of re(Teali(al 111110$, or the DrganizatKJn of eatDnal actNits5, with object cf imwoving th& Conditions ol lrfe forthè persons lorwhom the lauhbes or actfyiities are primanly inmded. A kxal ¥isrtor5 nter Catering for both locals and visitors. Thfr s110r8 center wns a café wlr• I¢ mea16 and relreshmeni¥ are availab lo wr¢fiasè. Tlr9 b also a glft $p on site. Tho visrtors 4Xrter acts as a hub io the local hisiory ol Ihe villa98 ol Santh*i¢k. and Shend.
SANDWICK SOCIAL & ECONOMIC DEVELOPMENT (SCIO) YEAR ENOED 31 OEC£MbER 2•24 TRUSTEES ANNUAL REPORT (Mnllnu) ACHIEVEMENTS AND PERFORIAANCE The pYonh)tK)n of HostKk a5 a Iwrisi desbnalth. alowstde SUPPOfl IOT loral bus•ie$ses. has yle 5KJrMfKarrt Suc55. Tour opefat0 are rthv altocabng twng for slops in Hoswick. We have conlinved to maintain the Vi5il¢y ClIe b a INgh stsndwd. Noiatyy. h)c31 res¥Jenls are irKTeasmgty utilzing the Ixlity. partKularty durirrfj Ihe ¢)If-seas(n. As the only calè and comrNnty meetirwJ Se throu9houl most ol the >ear in Ilw Soulh Mainland. we ¢YovM1e a viial and rnuch-vaw soual hub br tho area. We achiwed a finanoal suwus civer Ihe past yew. whth WI bg r8Thosted to supwt furg inthtsves that Ihe local c(¥nmunity. F4ANCIAL REVIEW The financi• year 31 Pecmiber 2024 has been ather sucre55(ul one. This has been drrMI to Ihe dedicatstsn arrtl hard worf( ol Ihe c4nmtttee ff¢mbers a1 trusletr3. RESERVES POUCY The trustees aim to maintain a sufffftnt level of serveS to facili&* th• of tho srIed behalf of the tntsl88s
SANDWICK SOCIAL & ECONOMIC DEVELOPMENT {SCIO) YEAR ENDED 31 oEceM3ER 2024 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SANDMCK SOCIAL & ECONOMIC DEVELOPMENT I fepJrt on IrE enIS of Ihe chanty lor Ihe year ended 3151 December 2024 vthich we sel out on pages 6 to 8. RESPECTIVE RESPONS181LITIES OF TRUSTEES AND EXAhllNER The chanty's trtoeS are re3porBle for the pffjpfjralion of the accounts In acc(Ydancè vthh the tam of the Charities and Trvslee Investment (Scollandl Acl 2005 Ilhe 2005 kll the Charitieg Accour&s IS(xJllaDrJl RegulaUon5 2006 la5 ¥inen¢Jedl. The cnaw's IrUse9 consider Ihal the audit requiremenls ol RegUlatn 1011 Ildl ol th8 Accounts Regulations does nol apply.11 Is my rèspon&'bthty to examinè the accounts as required under sedron 44{11(c) of Ihg Act and to stale whether particul tnatlers have ¢(y))e lo my atieftiion. BASIS OF 1140EPENDENT EXAMINER'5 STATEMENT My examinalKJn 15 carried out in ac£ordance WFlh lh¢ RtyulalM)n 11 of Ihe Ch8Titi?s AG¢ounts (Scollandl Regulations 2006 las amended). An examlnalion indudgs a revitrw of ihe accountiThJ records kept by lh¢ chariiy and a c(¥nparison of th8 ac(L)unts prnsented those fec(ffts. li also includes cons1dera1n ol any unusual iiems or disclosuies in accwnrs and seeks explanai.ons from Ihe INsiees conceming any such matters. The prixedur8s undertaken do not prorfide all the evKlence Ihal would be required Yi an aud and consequently. I do not presS an audit opinicfi on the vw given by the acwunts. INDEPEIIDEMT EXAMINER'S STATEMENT In the course of my examination, no matter has cfffie to my attention." gNès mè rèagonab caus¢ believe ltsl in any mrial resp1 the rffjuiTemwts'. to keep aCCKwnting re¢c6 in aecordance with sectv)n 4411)la} of the 2005 Aet and RegulaIn 4 01 lh¢ 21)06 A¢¢ounls Regulalion8'. and lo Prepa acwnts which accord with the 8¢0)unling rec4)nJs and cornpty %ryth Regulal*)n 9 of the 2006 A¢¢ouNs Regulations h8¥e not been mel.. or 2. ts 4thich. in my opinK)n. att8nlion should be drawn in ord9r to enab a pnjper underntw.Tra of the accounts lo be roached. 20 August 2025
SANDWICK SOCIAL & ECONOMIC DEVELOPMENT (SCIO) YEAR ENDED310ECEM8EA 2024 STATÉMENT OF RECEIPTS AND PAYMeNT8 Total Total Funds 2024 Funds 2023 Fund• Funds RECEIPTS Deal)nS Gr8nis 102 102 2.708 214.738 2.708 26,544 189.199 214,738 IrKcrft from inv•sbnents allr than laryj èrMI tsId1r GfOSS rewpls fffjm oth dritable a¢livi1os 1.150 1.150 6.527 TOTAL REC&PTS 21 PAYMENTS 1%.938 196.938 201,478 SWpI1(D1kIl) th• y••r
SANDWICKSOCIAL& ECONOMIC DEVELOPMENT (SCIO) VEAA ENDED 310ECEM8EB 2024 STATEMENTOF BAIAPIGE8 CASH 8 8A14K BALANCES Tol•l Fund ZlJ24 Tot•1 Funds 2023 C•h and bank Cash 8nd bank balarrte5 al slart ol penod &Jrpluylldeftitl shtr4m on reIptS paym• Cash •nd Trk blnc•s at •mJ ol lIod 74.330 21.760 20.794 74.330 FuTrJs Unr•strK R85tsided 67.688 28.402 48.636 25.694 SUMMARY OF ASSETS HELD Stcd. buildirys various fixtures arA1 fitw. Tr*se firwLial $terrents wo¥1 by members of th& committee on ai¢ svjned on It"r b8half tsy".
SANDWICKSOCIAL& ECONOMIC DEVELOPMENT (SCIO) YEAR ÉIIOEDJI OECEM8ER 2024 NOTES TO THE F114AIICIAL STATEMENTS 1. 8ASIS OF ACC¢XINTS These ac1xnts have been tvep•td reip1S and paym•nl$ basis in ac¢(xdance lh8 ch8nb.es & Trustees Investmènt lso3t1}Acl 2LN)5 and the CtsritiBsA¢Cts IScxAlaThl) R•gulab"sYYJ 2006 (as amended) 2. t4ATURE AND PURPOSE OF FUNDS General lurbys a unreStrted fvnds which available for use at the dixrettm ot fv Tntstées. In fvjrtherance of the genefal objeclY¥e5 of Ihe drity, and W"¢h have not b8en d&g"gnowl for Ofher psrpgse5 3. TrUSTEES' REMUNERAT1014 ANO EXPENSES 4. PAYMEPITS RELATING OIRECTLY TO CIIARITA8LE ACTMllES Tot•1 Funds 2023 Fuftd• Fu•ids 2024 D•tsi 7,867 7.867 3.607 di¥sld8Tr TraveVadmirVth¢rt¢siivJ Electricityllel?1a Lthrtts and lees Insuran Bank and card clwys FuMiShrydWysI0qUipIMlI •Atsc & COVID prqe¢ts Trdinir¥J 3,865 3.865 8.181 818 13.360 4.967 14.760 472 2.165 6.73S 18.734 4.45YI 13.137 18.n4 4.49) 13.137 237 237 TOTAL PAYMEHrs