2025-04-05-accounts - Seafield Seafront Trust (SCIO)

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Seafield Seafront Trust Trustees’ Annual Report Period 5 April 2024 to 6 April 2025

Seafield Seafront Trust Scottish Charity Number: SC050167 Smiddy, Camb, Yell, Shetland

ZE2 9DA

Telephone number: 07990648182

Email address: seafieldseafronttrust@gmail.com Facebook private group: seafieldseafronttrust

Charity Trustees

John Tonner, Convenor (Resigned: 18[th] September 2024)
Erland Smith, Treasurer
Stuart Bruce, Secretary
Robert Williamson, Charity Trustee (Resigned: 18[th] September 2024)
Rowland Morewood, Charity Trustee
Keith, Smith, Charity Trustee
Kirsty Bruce, Charity Trustee
Vacancy, Charity Trustee

Objectives and activities

The Seafield Seafront Trust was formed so as to accept on behalf of the community, the seafront area of North-A-Voe, Yell, Shetland. This area incorporates the listed structures: pier, bulwarks, herring station, noosts, ruined storehouse, all relating to Charles Ogilvy, early 19th century merchant. This area is to be gifted to the Trust by the owners of the Seafield Estate. Our purposes are:

advancement of heritage and culture;
provision of an area for the organisation of recreational activities with the object of improving the conditions of life for the local residents; and
advancement of environmental protection and improvement.

The Trust’s activities are concentrated on Seafield, North-A-Voe, Yell, Shetland Islands. The folk in North-A-Voe are without a location for social and cultural activities due to the decline of the local hall, loss of a local post office and general reduction in public amenity. It is the Trust’s aim that Seafield can become a hub for local community activity. The Trust’s approach is to work with the community to develop a long-term plan for the development of Seafield as a linear park.

Structure, governance and management

The Seafield Seafront Trust is a Scottish Charitable Incorporated Organisation.

On the 20[th] of May 2020, the Seafield Seafront Trust was awarded Scottish Charitable Incorporated Status by the Office of the Scottish Charity Regulator. The structure of the organisation consists of the CHARITY TRUSTEES who are also the organisation’s only members and comprise the organisation’s BOARD. The board comprises eight trustees.

Trustee recruitment and appointment

The trustee positions become vacant at the end of each year, and are filled through nominations presented at the annual general meeting.

Qualifications for Charity Trusteeship

Charity Trusteeship is open to;

any person aged 16 or over who is a resident of NorthA-Voe or who has personal connections to North-AVoe, and/or
any individual who has been nominated for membership by an unincorporated organisation; and/or
any corporate body, who subscribes to the purposes of the organisation and wishes to see them fulfilled.

Achievements and performance

In our fifth year as a charity, the Trust has focused on reassessing its future direction. After careful consideration, the Trustees decided to discontinue the legal process to accept the gift of the Seafield Seafront from the Seafield Estate. This decision was prompted by the lack of progress in transferring the title to the Trust. The funds allocated for this process have now been fully spent, and despite these efforts, the Trust has been unable to secure the title within the available budget.

Additionally, the significant time lapse—nearly five years—since the original offer of the gift has severely limited the Trust’s ability to advance its objectives. This challenge has also been reflected in the difficulty of filling an existing Trustee vacancy. With two further vacancies arising, the Trustees agreed it was prudent to pause any new financial commitments and reflect on the Trust’s future direction.

The Trust held its Annual General Meeting on 18 September 2024 at 6:30 pm in the Rum Room, North-A-Voe. At the meeting, the Convenor, John Tonner, and Trustee, Robert Williamson, both announced that they would not seek re-election due to declining health.

Financial review

Details of any deficit

The Trust has no financial deficits.

Donated facilities and services

The Trust did not receive any donated facilities or services during this reporting period.

Financial Report

A full financial report is available. Please email your request to the Trust for a digital copy: seafieldseafronttrust@gmail.com

A summary of the financial year 5 April 24 – 6 April 25:

Income from fundraising, grants and interest on bank account deposit: £389

Expenses: £475

Bank balance at the end of year: £6,561

Declaration

Signed on behalf of the charity trustees:

Print name Designation Date

~~$$~~ 5

OSC r

Office of the Scottish Charity Regulator

’ Independent examiner s report on the accounts V2

	Independent examiner’s report on the accountsV2
Report to the trustees/members of	Report to the trustees/members of Seafield Seafront Trust SCIO
Registered charity number	Registered charity number SC050167
On the accounts of the charity for the period Set out on pages Respective responsibilities of trustees and examiner	On the accounts of the Period start date Period end date Day Month Year Day Month Year 6th April 2024 to 5th April 2025 Respective responsibilities of trustees and examiner The charity’s trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) 2005 Act and the Charities Accounts (Scotland) Regulations 2006. The charity trustees consider that the ~~Se~~
	audit requirement of Regulation 10(1) (d) of the Accounts Regulations does not apply. It
	is my responsibility to examine the accounts as required under section 44(1) (c) of the
	Act and to state whether particular matters have come to my attention.
Basis of independent	Basis of independent My examination is carried out in accordance with Regulation 11 of the Charities
examiner’s statement	examiner’s statement Accounts (Scotland) Regulations 2006. An examination includes a review of the
	accounting records kept by the charity and a comparison of the accounts presented with
	those records. It also includes consideration of any unusual items or disclosures in the
	accounts and seeks explanations from the trustees concerning any such matters. The
	procedures undertaken do not provide all the evidence that would be required in an audit
	and, consequently, I do not express an audit opinion on the accounts.
Independent examiner’s statement	Independent examiner’s statement In the course of my examination, no matter has come to my attention:
	1. which gives me reasonable cause to believe that in any material respect the
	requirements:
	• to keep accounting records in accordance with section 44(1) (a) of the 2005 Act and
	Regulation 4 of the 2006 Accounts Regulations, and
	• to prepare accounts which accord with the accounting records and comply with
	Regulation 9 of the 2006 Accounts Regulations
	have not been met, or
	2. to which, in my opinion, attention should be drawn in order to enable a proper
	understanding of the accounts to be reached.
Signed:	Signed: Date: 09/03/26
Name:	Name: Ellen Hughson
Relevant professional qualification(s) or body:	Relevant professional qualification(s) or body: ACIE: Associate
Address:	Address: VoluntaryAction Shetland
	Market House,14 Market Street,Lerwick,Shetland,ZE1 0JP

Seafield Seafront Trust

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IE Report

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Disclosure section

Only complete if the examiner needs to highlight material problems.

Give here brief details of any items that the examiner wishes to disclose

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Seafield Seafront Trust

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IE Report

Enter SC No. below

APPENDIX 2

Enter charity name below

SC050167

Seafield Seafront Trust

					Receipts andpayments accounts	Receipts andpayments accounts	Receipts andpayments accounts	Receipts andpayments accounts	Receipts andpayments accounts	Receipts andpayments accounts	Receipts andpayments accounts	Receipts andpayments accounts	Receipts andpayments accounts	Receipts andpayments accounts	Receipts andpayments accounts	Receipts andpayments accounts	Receipts andpayments accounts
							Period start date									Period end date	Period end date
		For the period from			06 Day			April Month				2024 Year	to	Day 05		Month April				Year 2025
Section A Statement of receipts and payments
		Unrestricted funds			Restricted funds				Expendable endowment funds					Permanent endowment funds				Total funds current period			Total funds last period	Total funds last
		to nearest £		to nearest £	to nearest £	to nearest £			to nearest £					to nearest £				to nearest £		to nearest £	to nearest £	to nearest £
A1 Receipts
Donations		50	50	50														50	50	50	1,385
Legacies
Grants					41	41	41	41										41	41	41	4,364
Receipts from fundraisingactivities		-	-	-														-	-	-
Gross tradingreceipts																		-	-	-
Income from investments other than
land and buildings																		-	-	-
Rents from land & buildings																		-	-	-
Gross receipts from other charitable
activities		209	209															209	209	209	178	178
Income from Bank Account Interest		89	89	89														89	89	89	61	61
*A1 Sub total*	*A1 Sub total*	348	348		41	41	41	41	-	-	-	-		-	-	-		389	389	389	5,988
A2 Receipts from asset &
investment sales
Proceeds from sale of fixed assets Proceeds from sale of investments A2 Sub total - - - Total receipts 348 41 - ~~—~~														- -	- -	- -		- - - 389	- - - 389	- - - 389	- 5,988
A3 Payments
Expenses for fundraising activities																		-	-	-
Gross trading payments																		-	-	-
Investment management costs																		-	-	-
Payments relating directly to charitable	Payments relating directly to charitable
activities		35	35	35														35	35	35	4,824
Grants and donations
																		-	-	-
Governance costs:
																		-	-	-
Audit / independent examination		88	88	88														88	88	88	80	80
Preparation of annual accounts		352	352															352	352	352
Legal costs																		-	-	-
Other	Other	Other
																		-	-	-
																		-	-	-
**A3 Sub total **		475	475		-	-	-	-	-	-	-	-		-	-	-		475	475	475	4,904
A4 Payments relating to asset and
investment movements
Purchases of fixed assets Purchase of investments A4 Sub total - - - Total payments 475 - - ~~—————~~														- -	- -	- -		- - - 475	- - - 475	- - - 475	- 4,904
*Net receipts / (payments)* A5 Transfers to / (from) funds *Surplus / (deficit) for year*	127) ( 41 - - 86) ( 1,084 - 127) ( 41 - - 86) ( 1,084 ~~——————~~

Seafield Seafront Trust SC050167

R and P Accounts

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APPENDIX 2

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Section B Statement of balances	Section B Statement of balances
Categories	Details		Unrestricted funds		Restricted funds			Expendable endowment funds				Permanent endowment funds		Total current period		Total last period	Total last period
			to nearest £		to nearest £			to nearest £	to nearest £			to nearest £		to nearest £		to nearest £
B1 Cash funds	Cash and bank balances at end of year Cash and bank balances at start of year Surplus / (deficit) shown on receipts and payments account ~~= ~~	6,647 6,647 5,563 127) ( 41 86) ( 1,084 - - 6,520 41 - - 6,561 6,647 ~~====-5~~
	(Agree balances with receipts and payments
	account(s))		-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Details							Fund to which asset belongs	Fund to which asset belongs		Fund to which asset belongs			Market valuation		Last year
														to nearest £		to nearest £
B2 Investments	~~=~~						Total - - ~~Ee~~
	Details				Fund to which asset belongs		Fund to which asset belongs					Cost (if available)		Current value (if available)		Last year
												to nearest £		to nearest £		to nearest £
B3 Other assets	Total - - - ~~=e~~																-
	Details							Fund to which liability relates	Fund to which liability relates		Fund to which liability relates			Amount due		Last year
														to nearest £		to nearest £
B4 Liabilities	~~=~~						Total - - ~~=.~~
	Details							Fund to which liability relates	Fund to which liability relates		Fund to which liability relates			Amount due (estimate)		Last year
														to nearest £		to nearest £
B5 Contingent liabilities


												Total		-	-	-	-
Signed by one or two trustees on behalf of all the trustees	Signature*							Print Name								Date of approval

Seafield Seafront Trust SC050167

Statement of Balances

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APPENDIX 2

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Section C Notes to the Accounts

C1 Nature and purpose of General Unrestricted Fund - to fund all charitable activities funds (may be stated on analysis of funds worksheets) Restricted Fund Yell Community Council - Funds originally awarded in previous financial year nad sent onto solictor to complete legal works. Underspend of £41 returned this year. This will be returned to Yell CC in the next financial year.

Type of activity or project supported	Type of activity or project supported	Number of grants made £	Number of grants made £





		Total	-

If no remuneration was paid during the period to any charity trustee or person connected to a trustee cross this box (otherwise complete section 3b)			x
Authority under which paid			£






If no expenses were paid to any charity trustee during the period then cross (otherwise complete section 4b)		this box	x
	Nature of transaction	Number of trustees	£





Nature of relationship		Transaction amount (£)	Balance outstanding at period end (£)

Seafield Seafront TRust SC050167

Notes to Accounts

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APPENDIX 2

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SC050167

Additional analysis (1)

Analysis of receipts and payments

1 Donations

1 Donations
	Unrestricted funds to nearest £	Restricted funds to nearest £	Expendable endowment funds to nearest £	Permanent endowment funds to nearest £	Total current period to nearest £	Total last period to nearest £
					-
Donations various	50				50	1,385
					-
					-
Total 2 Grants	50	-	-	-	50	1,385
	- Unrestricted funds to nearest £	- Restricted funds to nearest £	-	-	- Total current period to nearest £	- Total last period to nearest £
Yell Community Council		41			41	50
Coastal Communities Fund - SIC					-	4,314
					-
					-
Total 3 Gross receipts from other charitable activities	-	41			41	4,364
	- Unrestricted funds to nearest £	- Restricted funds to nearest £	Expendable endowment funds to nearest £	Permanent endowment funds to nearest £	- Total current period to nearest £	- Total last period to nearest £
Contractor Repayment					-
Sales of CommunityHistoryBooklet	209				209	178
					-
					-
					-
					-
					-
					-
Total 209 - Unrestricted funds to nearest £ 4 Payments relating directly to charitable activities	209	-	-	-	209	178
		- Restricted funds to nearest £	- Expendable endowment funds to nearest £	- Permanent endowment funds to nearest £	- Total current period to nearest £	- Total last period to nearest £
Membership	35				35	30
Consultants Fees					-	3,506
Legal Fees					-
Equipment					-	188
Adverts					-	112
Stationery					-	305
Venue Hire					-	15
Printingof CommunityHistoryBooklet					-	668
					-
					-
					-
Total	35	-	-	-	35	4,824
	-	-	-	-	-	-

Seafield Seafront Trust SC050167

Additional Notes

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