REGISTERED COMPANY NUMBER: 03740675 (England and Wales)

REGISTERED CHARITY NUMBER: 1075279

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Newbiggin By The Sea Partnership

(A Company Limited by Guarantee)

Page

Report of the Trustees

1

to

2

Statement of Financial Activities

3

Balance Sheet

4

to

5

Notes to the Financial Statements

6

to

10

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and activities

Our objects continue to be the support or promotion of any charitable purpose for the relief of poverty, the advancement or education (including training for employment or work), the advancement of religion, or any other charitable purpose for the benefit of the community of Newbiggin by the Sea in the County of Northumberland. Our policies to achieve our objects continue to be to attract grant funding for specific projects that embrace economic regeneration, the environment, skills training and community development. We refer to Charity Commission guidance on Public Benefit when reviewing our aims and objectives, and ensure that future plans remain focused on their achievement. Funding limits our activities, but no beneficiaries appropriate to our aims are excluded. Equal access to our services is important to us, and we promote local understanding of our work.

ACHIEVEMENTS AND PERFORMANCE

Development, activites and achievements

We are continuing to restore our activities for the personal development of young people through music and sports projects since the covid pandemic.

FINANCIAL REVIEW

Financial position

Our assets continue to be adequate and available to meet our obligations.

Reserves policy

Free Reserves are those funds not tied up in Fixed Assets or Designated/Restricted Funds. We forecast the level of reserves required to sustain operations, should income-generating activities be curtailed. Free reserves decreased from £4,388 to £642 during the year. Whilst this level of reserves may prove sufficient, it is our view that it is prudent to ensure that there are sufficient free reserves to provide financial flexibility over the course of the forthcoming challenges.

FUTURE PLANS

We look forward to the continuation of the resumption of our previous full range of activities.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The company was incorporated on 24th March 1999, and is governed by its Memorandum and Articles of Association.

Recruitment and appointment of new trustees

The Directors/Trustees seek to ensure that the users needs are reflected through the diversity of the Board. To enhance the pool of potential Directors/Trustees, selected individuals who may wish to become Directors/Trustees are approached as necessary. Directors/Trustees are re-appointed annually. All concerned give their service voluntarily and receive no benefit.

Induction and training of new trustees

New Directors/Trustees are actively encouraged by the existing Directors/Trustees, having regard to any specialist skills required. New Directors/Trustees are briefed on their legal obligations under charity and company law, our Memorandum and Articles of Association, the Committee and the decision making process, future plans and recent performance. They are encouraged to attend appropriate training, and made aware of Charity Commission publications. Feedback is encouraged.

Risk management

We have assessed (and reviewed regularly) the risks to which we are exposed, in particular those related to our operations and finances, and are satisfied that systems are in place to mitigate our exposure. No major risks have been identified. A key element in our management of financial risk is the setting and regular review of our Reserves Policy.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

03740675 (England and Wales)

Registered Charity number

1075279

Registered office

15 Front Street

Newbiggin by the Sea

Northumberland

NE64 6NU

Trustees

R J Bailey Administrator (resigned 25.11.24)

R Glen Retired

B R Glen Retired

K Shirley Teacher

A L Turner

Approved by order of the board of trustees on 10 December 2025 and signed on its behalf by:

A L Turner - Trustee

31.3.25

31.3.24

Unrestricted

fund

Total funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

3,000

11,600

EXPENDITURE ON

Charitable activities

Operating Expenditure

6,746

8,229

NET INCOME/(EXPENDITURE)

(3,746

)

3,371

RECONCILIATION OF FUNDS

Total funds brought forward

4,388

1,017

TOTAL FUNDS CARRIED FORWARD

642

4,388

31.3.25

31.3.24

Unrestricted

fund

Total funds

Notes

£

£

CURRENT ASSETS

Cash at bank

1,077

4,802

CREDITORS

Amounts falling due within one year

5

(435

)

(414

)

NET CURRENT ASSETS

642

4,388

TOTAL ASSETS LESS CURRENT LIABILITIES

642

4,388

NET ASSETS

642

4,388

FUNDS

6

Unrestricted funds

642

4,388

TOTAL FUNDS

642

4,388

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 10 December 2025 and were signed on its behalf by:

A L Turner - Trustee

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is included in the Statement of Financial Activities when we are entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

- Income from our activities is recognised on an accruals basis

- Income received by way of grants and donations are included in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by ourselves, are recognised when we become unconditionally entitled to the grant. Grants related to performance and specific deliverables are accounted for as we earn the right to consideration by our performance.

- Investment income is included when receivable

- The value od services provided by volunteers has not been included in these accounts

Expenditure

Expenditure is recognised on an accruals basis, including VAT. It comprises those costs incurred in the delivery of our activities and services. It includes both costs that can be allocated to such activities and those costs of an indirect nature necessary to support them.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

3.	STAFF COSTS

The average monthly number of employees during the year was as follows:

31.3.25

31.3.24

No employees received emoluments in excess of £60,000.

4.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

fund

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

11,600

EXPENDITURE ON

Charitable activities

Operating Expenditure

8,229

NET INCOME

3,371

RECONCILIATION OF FUNDS

Total funds brought forward

1,017

TOTAL FUNDS CARRIED FORWARD

4,388

5.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Accrued expenses

435

414

6.	MOVEMENT IN FUNDS

Net

movement

At 1.4.24

in funds

At 31.3.25

£

£

£

Unrestricted funds

General fund

4,388

(3,746

)

642

TOTAL FUNDS

4,388

(3,746

)

642

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

3,000

(6,746

)

(3,746

)

TOTAL FUNDS

3,000

(6,746

)

(3,746

)

Comparatives for movement in funds

Net

movement

At 1.4.23

in funds

At 31.3.24

£

£

£

Unrestricted funds

General fund

1,017

3,371

4,388

TOTAL FUNDS

1,017

3,371

4,388

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

11,600

(8,229

)

3,371

TOTAL FUNDS

11,600

(8,229

)

3,371

A current year 12 months and prior year 12 months combined position is as follows:

Net

movement

At 1.4.23

in funds

At 31.3.25

£

£

£

Unrestricted funds

General fund

1,017

(375

)

642

TOTAL FUNDS

1,017

(375

)

642

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

14,600

(14,975

)

(375

)

TOTAL FUNDS

14,600

(14,975

)

(375

)

7.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2025.