EAST DURHAM COMMUNITY INITIATIVES LTD

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. EAST DURHAM COMMUNITY INITIATIVES LTD 2010-01-27 → present
2. SEAHAM AND DISTRICT TRAINING TRUST LIMITED 1999-06-01 → 2010-01-27
3. SEAHAM AND DISTRICT ADULT TRAINING TRUST LIMITED 1988-11-15 → 1999-06-01

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Eric Southwick & Co

Audit opinion

Unaudited (audit-exempt)

Going concern

Affirmed

“As a Trust, we remain confident that we will be proactive in developing new strategies and take appropriate actions in order to continue to meet the changing needs of the community and securing new income streams which will enhance our long-term growth prospects in our areas”

Significant events

• “Our charities new project the "Help to Rent" has now consolidated to its maximum properties and will not expand our leased properties beyond 62 properties, this will maximise our ability provide homes and inclusion of many more beneficiaries, on a roll on and roll off basis, as we create new spaces by moving existing tenants on to their chosen new tenures, thus providing them with tenancy security”
• “At the previous AGM our Trust instructed the manager and his team to undertake a feasibility study to convert Jobling House into 7 accommodation units. I can confirm that all works have been competed to an excellent high standard. We have secured long term commissioning for via 2 services that covers all the 7 new apartments.”
• “The first commissioned service: secures all the top floor rooms (The home Base project), and secured additional funding of 367.92 per week, per annum this equates to £95,659.”
• “The new project in the downstairs 2 rooms will enable us to help more beneficiaries and has increased our charity income by 70k and is another commissioned service from Durham County Council. Funded by a block grant form Durham Adult Service in advance.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +0.8%

  £907,017 → £913,908

• Cash

  -17.8%

  £204,720 → £168,264

• Net assets

  -4.2%

  £749,071 → £717,440

• Employees

  0%

  17 → 17

• Operating profit

  -129.9%

  £79,523 → -£23,739

• Profit before tax

  -148.3%

  £65,553 → -£31,631

• Wages

  +15.1%

  £310,315 → £357,327

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers