VirtualSignalur8 Transaction Ref. 4PJX-GYLK-DCG5 06 Sep 2024 11..27..06 BST (UTC +11 D 2r2 P 1133 Registered number: 04493501 Charity number: 1106341 BERKSHIRE YOUTH LTD (A company limited by guarantee) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
VirtualSignalur8 Transaction Ref. 4PJX-GYLK-DCG5 06 Sep 2024 11..27..06 BST (UTC +11 D 2r2 P 2133 BERKSHIRE YOUTH LTD (A company limited by guarantee) CONTENTS Page Reference and administrative details of the Company, its Trustees and advisers Trustees. report Independent auditors. report on the financial statements 10-12 statement of financial activities 13 Balance sheet 14 Statement of cash flows 15 Notes to the financial statements 16-31
VirtualSignalur8 Transaction Ref. 4PJX-GYLK-DCG5 06 Sep 2024 11..27..06 BST (UTC +11 D 2r2 P 3133 BERKSHIRE YOUTH LTD (A company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024 Trustees S Atkinson, Chair M C Deaves, Treasurer A Boisset W Austin-Bush (resigned 8 June 2024) R G Smee MBE D Williams OBE (resigned 25 July 2023) G Constant (appointed 1 June 2023) T Evershed (appointed 1 June 2023) J Halliday (appointed 1 June 2023) B Felmer {appointed 1 June 2023, resigned 22 April 2024) A Law (appointed 1 June 2023. resigned 31 May 2024) G May {appointed 1 June 2023, resigned 25 December 2023) L Shearer (appointed 9 July 2024) B Williams (appointed 9 July 2024) M Ashok (appointed 9 July 2024) Company registered number 04493501 Charity registered number 1106341 Registered office Watlington House. 44 Watlington Street, Reading. Berkshire, RG14RJ Chief Executive Officer S Emery Independent auditors James Cowper Kreston Audit, Reading Bridge House, George Street, Reading, RG18LS Bankers CAF Bank Ltd, 25 Kings Hill Avenue. Kings Hill, West Malling, Kent, ME19 4JQ NaeSt, 118 High Street, Slough, Berkshire. SL1 1JH Close Brothers Savings, 10 Crown Pla, London, EC2A 4FT Solicitors Field Seymour Parkes LLP, 1 London Street. Reading, Berkshire, RG14PN Page 1
VirtualSignalur8 Transaction Ref. 4PJX-GYLK-DCG5 06 Sep 2024 11..27..06 BST (UTC +11 D 2r2 P 4133 BERKSHIRE YOUTH LTD (A company limited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their annual rewrt together with the audited financial statements of the Company for the 1 April 2023 to 31 March 2024. The Annual report serves the purtK)ses of both a Trustees, report and a directors. report under company law. The Trustees confim) that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable companvs governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019). Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 {Strategic Report and Directors. Report) Regulations 2013 has been omitted. Objectives and activities Public Benefit Berkshire Youth operates as a Charity and the Trustees have paid due regard to the guidance issued by the Charity Commission regarding public benefit, this is outlined under the polices & objectives below a. Policies and objectives The objective of the charity is to further the development and education of young people through leisure time activities, to help them grow to full maturity as individuals and members of society so that their conditions of life may be improved. The objective allows the Charity to: establish. support and develop clubs for young people- provide a platform for work related to drugslalcohol abuse, crime and other social issues; work towards the initiation and support of relevant community projects- provide high quality training, personal development and activity through a network of national and local partners" work in partnership with other specialist agencies. to improve social inclusion and financial independence for young people: provide an opportunity for the implementation of local and national government initiatives and social development programmes, through the voluntary youth service; and link up with commercial organisations in a wide range of sponsored programmes and activities for young people. Achievements and perfonnance a. Charitable activities Charitable activities 2023 - 24 Some of the young people we support at Berkshire Youth have the weight of the world on Iheir young shoulders whether it's anxiety. problems at home or other issues. We aim to lighten their load by providing a safe space with trusted adults, where conversations happen and positive relationships develop thal can have a transformative effect on wellbeing, helping young people to better understand and tackle any barriers they face. Berkshire Youth support young people as they transition from childhood to young adulthood, many are vulnerable or disadvantaged, unable to access help elsewhere. Adverse childhood experiences can limit life chances. We focus on prevention and helping young people who are missing out, not yet in crisis and who cannot afford what is on offer or face barriers to access. They may come from a disadvantaged background, have mental health issues, responsibility as a carer. a chaotic family life or have low self-esteem. We support clubs and groups to provide safe environments in which young people can explore new ideas. activities and opportunities. We do this by building on local agendas, responding to the needs of young people and local communities. offering support to local partners and direct Page 2
VirtualSignalur8 Transaction Ref. 4PJX-GYLK-DCG5 06 Sep 2024 11..27..06 BST (UTC +11 D 2r2 P 5133 BERKSHIRE YOUTH LTD (A company limited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achievements and perfomiance (continued) provision as appropriate. We fimly believe that by addressing social issues, promoting personal development and collaborating with various stakeholders. we can empower young people to reach their full potential and be the best version of themselves they can be and therefore. contribute positively to society. Berkshire Youth Hub The Berkshire Youth Hub continues to provides a central point of infomiation for young people, parenls, and professionals on advice, activities and training available across the county. We have further built upon this initiative to include mental health support for young people, awaiting clinical support from Child and Adolescent Mental Health Services (CAMHS). Alongside this, we have a team that provide training for staff and volunteers to ensure they're better equipped to face mental health issues currently presented by young people. School mentorin and detached outh work Thanks to continued funding from Supporting Families Programme in West Berkshire, Henry Smith in Bracknell and BBC Children in Need in Slough we have been able to continue to deliver our one to one in-school mentoring programme across 20 schools to 326 individuals. We continued to expand our community based detached youth work with funding from the Office of the Police & Crime Commissioner (through the Home Office) to deliver a number of Safer Streets Pilots across the county. These projects worked at a community level to provide not only detached work, where youth workers proactively go to communities and meet with young people wherever they are but also to create safe places for young people to meet. We had 2099 interactions with young people through 263 sessions. We have also developed a new partnership with Ihe Wokingham Youth Justice Team for those young people who are al risk of involvement with serious crime, county lines and youth offending. Newbu town team We continue to develop partnerships across the Newbury District for local delivery with support from Newbury Town Council. The work is varied and tailored to meet the needs of young people from providing a safe space to detached work in the community to organised Sports in The Park sessions. This work has helped bring reports of Anti-social behaviour down in the area and increase engagement in positive activities. West Berkshire communi rammes Supported by Greenham Trust this project enables a variety of projects designed to support young people and communities across West Berkshire. Through a Youth Development Worker, we continue to expand Ihe support across a number of communities to establish and develop their local youth offer through partnerships with a range of organisations such as Lambourn Junction. Tilehurst Parish Council and Bishops Green Community Association. This includes delivering programmes such as Fit 4 Youth to over 210 young people and nearly 500 engaged in our community SPLAT sessions. Youth Club Develo ment Through the support of Greenham Trust our community development work has built upon existing provision and created new youth provisions across our communities. This included using data from our Annual Youth Survey to best to support young people locally and 'youth worker meet up sessions, to develop and share best practice. Duke of Edinbur h award A virtual award program for The Duke of Edinburgh's Award scheme provides young people the flexibility to engage to suit their lifestyle, resources and time. It also provides the opportunity for young people to participate in the scheme if their school has reached capacity. During this period the following has been achieved- Gold Level- 47 registered; 6 completed Silver Level- 59 registered- 7 completed Bronze Level - 126 registered; 20 completed Page 3
VirtualSignalur8 Transaction Ref. 4PJX-GYLK-DCG5 06 Sep 2024 11..27..06 BST (UTC +11 D 2r2 P 6133 BERKSHIRE YOUTH LTD (A company limited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achievements and perfomiance (continued) Trainin We have investigated the ability to become a training provider for Youth Work qualifications to ensure we are continuing to grow and develop Youth Work skills across the County. The training is planned to roll out in 2024- 25. We have supported 43 staff and volunteers to access training from First Aid to Safeguarding. Youn Carers Vvokingham Borough Council have funded us to deliver respite provision for Young Carers in Wokingham. With additional funds from the Sobell Foundation. Shanly Foundation, 7 Stars Foundation, Astor Foundation and The Souter Charitable Trust we have been able to run a weekly session. school holiday provision plus family activities for Young Carers across the Wokingham Borough supporting 62 young carers and their families. Waterside Centre Waterside Centre continues to be at the heart of the community and the youth programme has encouraged the engagement of over 5780 attendances through its various youth programmes, and over 1625 engagements through detached work. Youth Café sessions continue to run Monday and Tuesday nights providing a safe and social environmenl for young people. Climbing, Paddle Sports, Boxing and Football play a big part in the Waterside's youth offer and collaborations with local partners to offer youth yoga and creative art joumalling, explore themes of mental health and wellbeing and have expanded our provision. Holiday programmes run throughout the school holidays and are tailored to accommodate a range of interests with varied leisure and sports activities for young people with diverse backgrounds. One-to-one mentoring in secondary schools has provided crucial support to young individuals navigating the challenges of their education joumey. Since the start of the academic year. our youth workers have received 136 referrals and supported 416 attendances in the 1.1 mentoring project. The PIVOT programme ran as a pilot at Trinity School, Newbury during February. The out of school programme was designed to supporl young people to engage, learn. apply, reflect, and achieve in their education. Sessions included a meal and team workshop, ending with a rewarding group physical activity. Guided by information from collaborative partnerships with agencies such as Thames Valley Police. Sovereign Network Group. and Newbury BID, our Detached work allowed youth workers to strategically engage with young people in diverse open locations such as parks, recreation grounds, high street venues and skate parks. There have been over 260 engagements in detached work since December 2023. The Waterside Café is now operated and run in-house. so every item sold benefits young people and funds our youth provision. We now cater for our own various youth programmes and events. Customers continue to build, bringing new people into the centre each week. The Community Larder runs every Tuesday for our members to access for a nominal membership and provides healthy and affordable food to the West Berkshire community., food which would otherwise be sent to landfill. The Larder is run by a team of volunteers and this initiative brings new people into the Waterside each week. We have helped 58 families in the last 12 months. The Wa The Wayz team is thrilled with the gro in youth participation. as evidenced by: 454 Different Young People: A 10 % increase from the previous year. 4025 Different Engagements: A 90 % increase from the previous year. 102 Referrals from Outside Agencies: A 117°/0 increase from Ihe previous year. The youth team at The Wayz ensure the young people are integral to the planning of programmes ensuring it provides the opportunities they need. The youth led provision includes Centre-Based Activities -regular evening sessions, holiday schemes, and activities., Volunteer and Community Initiatives opportunities for young people to learn and apply skills in their community; a Mobile Youth Hub - offering detached and one-to-one support working with community partners., Schools Programmes- focused programmes to support groups in school. Page 4
VirtualSignalur8 Transaction Ref. 4PJX-GYLK-DCG5 06 Sep 2024 11..27..06 BST (UTC +11 D 2r2 P 7133 BERKSHIRE YOUTH LTD (A company limited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achievements and perfomiance (continued) Britwell Youth and Communi Pro ect Britwell is an area of significant deprivation, and young people and their families are increasingly engaging with the expanding provision. This has enabled the project to secure a second five-year term of funding from the National Lottery. The support of the National Lottery and ongoing commitment from the local community including the NHS, Slough Borough Council's school holiday activities, One Slough, Get Berkshire Active, Osborne's, the Co-op has enabled a year-round programme that goes every year. A 20 /0 increase in council tax in the borough coupled with the cost-of-living crisis has increased demand for the holiday programmes and food at the youth club. with staff collecting food donations daily. The holiday programmes regularly serve 30 young people per day, providing them with a hot meal, a safe space, and various activities. Weekly club sessions attract 40 young people per session. where they can spend time after school and in the evening enjoying the activities. Tribute Ray Tapken MBE sadly passed away in January 24 - As Director of Berkshire Association of Boys and Girls Clubs, now Berkshire Youth, from 1973 to 1999 Ray was a great supporter of the network of voluntary and part- time youth clubs across the county of Berkshire. Ray was a great believer in investing in youth leadership and celebrating Ihe huge role the community played in providing a network for young people to thrive. He will be sadly missed by so many of the community and his colleagues at Berkshire Youth. Financial review a. Going concem The forecast of income and expenditure for financial the year 2023 to 2024 shows a good spread of grants and service level agreements, there is litlle reliance on major funders and the risk has been spread across donors and income. At the time of approving the financial statements for 23-24. the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable fulure. Thus, the trustees continue to adopt the going concem basis of accounting in the current year. The pandemic will have long term effect on the schooling and behaviourslexpectations of young people. we understand through local and national research that young people are looking for more support activities, things to do and safe places out of school. The demand for our service is currently gr0ing which is putting pressure on staffing. The investment in Training and development will help to mitigate this risk. b. Reserves policy The Trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets {'the free reserves,) held by the charity should be between 3 and 6 months of the resources expended, which equates to between £120,000 and £240.000 in general funds. At this level, the Trustees feel that they would be able to continue the current activities of the charity in the event of a significant drop in funding. If this happens. it would obviously then be necessary to consider how the funding would be replaced or activities changed. Currently free reserves amount to £259,910. Our reserves at the year-end comprise: Restricted funds for projects Funds invested in fixed assets Designated funds Free reserves Total £218,338 £13,430 £37,197 £259,910 £528,875 Page 5
VirtualSignalur8 Transaction Ref. 4PJX-GYLK-DCG5 06 Sep 2024 11..27..06 BST (UTC +11 D 2r2 P 8133 BERKSHIRE YOUTH LTD (A company limited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 c. Financial results In the financial year our income exceeded expenditure by £12,556. d. Explanation of tranfer of restricted to unrestricted funds Berkshire Youth assign direct costs through accounting system Sage to projects throughoul the year. These direct costs do not amount lo the full cost of the project, the transfers at the end of the year include indirect costs and therefore take into account the full cost of the project. Slructure, governance and management a. Governing document The charity is controlled by its goveming document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006, reviewed and updated 2017. b. Organisational structure Berkshire Youth currenlly has 10 trustees of the charity who meet quarterly and are responsible for the slrategic direction and policies of the charity. The directors are from a range of professional backgrounds relevant to the work of the charity. A scheme of delegation is in place and day to day responsibility for provision of services rest with the Chief Executive Officer along with the Finance & Administration Manager. The Chief Executive Officer is responsible for ensuring that the charity delivers the services specified and that key performance indicators are met. The CEO has responsibility for the day to day management of the team and oversight of contracts,. ensuring staff have regular supervision and access to training which will enhance skills and working practice in line with good practices. c. Remuneration of key personnel The Trustees are responsible for setting the pay and remuneration of key management personnel. Remuneration is set once certain factors are considered. These factors include market rates of pay and benchmarks against other charities. d. Recruilment and appointment of directors The Directors of the company are also charity trustees for the purpose of the charity law. The Directors of Berkshire Youth are elected for 3 years after which they must be re-elected at the Annual General Meeting. All Directors of Berkshire Youth give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charity are set out in note 14 of the accounts. The focus of the work of Berkshire Youth is on young people and the Directors represent members of the community who can support and influence the objectives of the charity. Berkshire Youth works to identify representation from young people on the Board of the charity. Page 6
VirtualSignalur8 Transaction Ref. 4PJX-GYLK-DCG5 06 Sep 2024 11..27..06 BST (UTC +11 D 2r2 P 9133 BERKSHIRE YOUTH LTD (A company limited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Structure, governance and management (continued) e. Directors induction and training Directors of Berkshire Youth are encouraged and assigned to a member of the staff team to understand the day to day delivery of services. New Trustees are provided with an induction book, job description and relevant governing documents alongside -the essential trustee" booklets provided by the Charity Commission. f. Risk management The trustees have identified and regularly review the risks to which the charity is exposed. As parl of this process, the truslees have in place appropriate controls to provide reasonable assurance against fraud and error. The trustees have clear policies outlining their expectations for service delivery. The policies include risk assessmenl of all activities to ensure the safeguarding of the young people, employees and trustees including the Patron and President. The management of risk covers every aspect of the Organisations work, and as such an evolving management matrix has been established for constant review. The Trustees review the matrix as a standing item at every quarterly board meeting. All risks associated to the work of Berkshire Youth including direct delivery and extemal forces are reviewed and graded accordingly. Plans for future periods Strate and riorities The strategy of Berkshire Youth is to support, empower and inspire young people in their local communities across the county. Our youth led strategy empowers young people. enabling them to build their confidence and leadership skills so they can have in a positive impact amongst their peers and in their community. Our safe spaces provide role-models and trusted adults a mentor, a champion, someone who is non-judgemental to listen to their Vol and give guidance. Good youth work inspires change and the motivation to make good choices in and out of school. Socio emotional skills are developed throughout the opportunities we creale for young people. in an inclusive diverse environment. 'It takes a village to raise a child, and we support our communities to look after their young people and recognise them as valued community members, providing the tools for them grow and in tum have a positive impact in their own community. ultimately helping to combat problems faced in their local area. Youth work is preventative by nature. by engaging young people in positive, varied, and challenging activities that encourage personal development. we proactively direct young people away from anti-social behaviour. which is not only personally damaging but also causes greater long-term cost to communities and the public finances. Over the nexl three years our objectives are to- Develop and deliver high quality provision to young people which we will achieve by Develop partnerships that enable the future sustainability of Berkshire Youth Ensure consistent good govemance to ensure future of Berkshire Youth Page 7
VirtualSignalur8 Transaction Ref. 4PJX-GYLK-DCG5 06 Sep 2024 11..27..06 BST (UTC +11 D 2r2 P 10133 BERKSHIRE YOUTH LTD (A company limited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Plans for future periods (continued) To achieve this Berkshire Youth will Establish our volunteering framework that engages young people and community members in supporting a relevant and appropriate 'offer' to local young people. Further roll out our offer for young people. through school and into Adolescence both directly delivered Continue to build our structured activities programme that enables young people to experience new activities and address healthy lrfestyle choices. Expand our network, including clubs, to include a greater range of 'offers' for young people and through appropriate training opportunities provide communities with the tools to support quality youth work Promote the work of Berkshire Youth to the individuals. communities. commercial and corporate partners, gaining supporl to further Youth work in Berkshire. Develop a sustainable and diverse funding base that enables us to increase our impact. Fundraising To deliver this ambitious strategy, we need to diverstfy and extend our funding base. This means both exploring new sources of funding and securing increased or longer-term funding from existing funders. Our aim, over three years, is to put in place a sustainable and diverse funding base to provide continuity for the future, and in particular to increase the proportion of our funding that is unrestricted. The trustees have taken accounl of new GDPR regulations and as a consequence identified processes that allow us to identify suitable and appropriate opportunities for accessing public trusts and individual philanthropists. Berkshire Youth seeks additional support where needed through its network of friends and members. currently we do not approach the general public. We have identified four fundraising priorities into which we are continuing to inject focussed effort (and in some cases resource) over the next three years. These are: Bid writing (for grants andlor contracts from a wide range of sources) including the statutory sector, trusts and foundations. Housing Associations etc. Part of this work includes contracting for fundraisinglbid- writing expertise. Further developing philanthropic giving in Berkshire for youth support services through our President, Patron, Trustees, staff and others, retuming to the original roots of finance for Berkshire Youth. Developing corporatelbusiness funding (in cash and in kind) of various forms including sponsorship, donations, use of facilities, volunteering etc. Development of tradedlpaid-for services (whether paid for by participants, clubs, schools or businesses) will be underlaken in an organic way, seeking out and capitalising on opportunities as they present themselves and extending our offer incrementally without taking significant risks (e.g. making significant investment) until the market potential and price points are more clearly understood. Page 8
VirtualSignalur8 Transaction R81. 4PJX-GYLK-DCG5 06 Sep 2024 11..27..06 BST (UTC +11 D 2r2 P 11133 BERKSHIRE YOUTH LTD (A company limited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Statement of Trustees. responsibilities The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees. report and the financial ststements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must nol approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to- select suitable accounting policies and then apply them consistently., observe the methods and principles of the Charities SORP (FRS 102)" make judgments and accounting estimates that are reasonable and prudent., state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements- prepare the financial statements on the going concem basis unless it is inappropriate to presurne that the Company will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Companys transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Disclosure of infonnation to auditors Each of the persons who are Trustees at the time when this Trustees. report is approved has confimied that: so far as that Trustee is aware, there is no relevant audit information of which the charitvs auditors are unaware, and that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audil information and to establish that the charitys auditors are aware of that information. Auditors The auditors, James Cowper Kreston Audit. have indicated their willingness to continue in office. The treasurer was asked to seek proposals for the audit of the 2025 accounts, including James Cowper Kreston. Approved by order of the members of the board of Trustees and signed on their behalf by.. SBrah MknsontsSep2trk4 11 27tt BSTIUTC 1) S Atkinson Chair of Board Date: 06 September 2024 Page 9
VirtualSignalur8 Transaction Ref. 4PJX-GYLK-DCG5 06 Sep 2024 11..27..06 BST (UTC +11 D 2r2 P 12133 BERKSHIRE YOUTH LTD (A company limited by guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF BERKSHIRE YOUTH LTD Opinion We have audited Ihe financial statements of Berkshire Youth Ltd (the 'charitable companV} for the year ended 31 March 2024 which comprise the Statement of financial activities, the Balance sheet, the Statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements- give a true and fair view of the state of the charitable companys affairs as at 31 March 2024 and of its incoming resources and application of resources. including its income and expenditure for the year then have been properly prepared in accordan with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Siandards on Auditing (UK) (ISAS {UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the Trustees. use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed. we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report. Page 10
VirtualSignalur8 Transaction Ref. 4PJX-GYLK-DCG5 06 Sep 2024 11..27..06 BST (UTC +11 D 2r2 P 13133 BERKSHIRE YOUTH LTD (A company limited by guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF BERKSHIRE YOUTH LTD (CONTINUED) Other infomation The other information comprises the infomiation included in Ihe Annual report other than the financial statements and our Audilors. report thereon. The Trustees are responsible for the other information contained within the Annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in Ihe financial statements themselves. If, based on the work we have perfom)ed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Opinion on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit: the information given in the Trustees, Report for the financial year for which the financial statements are prepared is consistent with the financial statements. the Trustees. Report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees, Report. We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion: adequate accounting records have not been kept. or returns adequate for our audit have not been received from branches not visited by us- or the financial slatements are not in agreement with the accounting records and returns,. or certain disclosures of Trustees. remuneration specified by law are not made- or we have not received all the information and explanations we require for our audit. or the Trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies, exemptions in preparing the Trustees, Report and from the requirement to prepare a Strategic Report. Responsibilities of trustees As explained more fully in the Trustees. responsibilities statement. the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the charitable companls ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Page11
VirtualSignalur8 Transaction Ref. 4PJX-GYLK-DCG5 06 Sep 2024 11..27..06 BST (UTC +11 D 2r2 P 14133 BERKSHIRE YOUTH LTD (A company limited by guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF BERKSHIRE YOUTH LTD (CONTINUED) Auditors. responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors, report that includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misslatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and Iransactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. The specific procedures for this engagement that we designed and performed to detecl material misstatements in respect of irregularities, including fraud, vEre as follows: Enquiry of management and those charged with govemance around actual and potential liligation and claims- Reviewing minutes of meetings of those charged with governance; Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations., Performing audit work to address the risk of irregularities due to management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the nonnal course of business and reviewing accounting estimates for evidence of bias. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.or .uklaudilorsres nsibilities. This description forms parl of our Auditors, report. Use of our report This report is made solely to the charitable companYs trustees. as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate to the charitable companls trustees those matters we are required to slate to them in an Auditors, reporl and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members. as a body, for our audit work, for this report. or for the opinions we have formed. Darren O'connor Bsc {Hons) FCCA ACA (Senior statutory auditor) for and on behalf of James Cowper Kreston Audit Chartered Accountants and Statutory Auditor Reading Bridge House George Street Reading RG18LS Date: 25 September 2024 Page 12
VirtualSignalur8 Transaction Ref. 4PJX-GYLK-DCG5 06 Sep 2024 11..27..06 BST (UTC +11 D 2r2 P 15133 BERKSHIRE YOUTH LTD (A company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 Total funds 2023 Note Income from: Donations and legacies Charitable activities 1,908 201,638 7,043 13,079 1,908 1,014,264 7,043 13,079 4,807 851,876 6,124 3,430 812,626 Other trading activities Investments Total income 223,668 812,626 1,036,294 866,237 Expenditure on: Raising funds Charitable activities 11,546 358,028 11.546 1,013,853 9,633 838,302 655,825 Total expenditure 369,574 655,825 1,025,399 847,935 Net (expenditure)lincome Transfers between funds (145,906) 105,721 156,801 (105,721) 10,895 18,302 17 Net movement in funds {40,185) 51,080 10,895 18,302 Reconcilialion of funds: Total funds brought forward as restated Net movement in funds 349,060 (40,185) 167,258 51,080 516,318 10,895 498,016 18,302 Total funds carried forward as restated 308,875 218,338 527,213 516,318 The Statement of Financial Activities includes all gains and losses recognised in the year. Page 13
VirtualSignalur8 Transaction R81. 4PJX-GYLK-DCG5 06 Sep 2024 11..27..06 BST (UTC +11 D 2r2 P 16133 BERKSHIRE YOUTH LTD (A company limited by guarantee) REGISTERED NUMBER: 04493501 BALANCE SHEET AS AT 31 MARCH 2024 2023 As restated 2024 Note Fixed assets Tangible assets Current assets 14 13,430 18,043 Debtors 15 99,783 631,121 186,489 531,985 Cash at bank and in hand 730.904 718,474 Creditors.. amounts falling due within one year 16 (217,120) (220,199) Net current assets 513,784 498,275 Total assets less current liabilities 527,214 516,318 Total net assets 527,214 516,318 Charity funds Restricted funds Unrestricted funds 17 218,338 308,876 167,258 349,060 17 Total funds 527,214 516,318 The entity was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the entity to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. However. an audit is required in accordance with section 144 of the Charities Act 2011. The Trustees acknowledge their responsibilities for complyng with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable lo entities subject to the small companies regime. The financial ststements were approved and authorised for issue by the Trustees and signed on their behalf by: r¥h Wknn06Sep2024 11273BSTIVTC *ll S Atkinson Chair of Board Date: 06 September 2024 The noles on pages 16 to 31 form part of these financial sLqtements. Page 14
VirtualSignalur8 Transaction Ref. 4PJX-GYLK-DCG5 06 Sep 2024 11..27..06 BST (UTC +11 D 2r2 P 17133 BERKSHIRE YOUTH LTD (A company limited by guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Note Cash flows from operating activities Net cash used in operating activities 20 88,529 20,273 Cash flows from investing activities Bank interest 13,079 {2,472) 3,430 (5,656) Purchase of tangible fixed assets Net cash provided byl(used in) investing activities 10,607 {2.226) Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year 99,136 18.047 531,985 513,938 Cash and cash equivalents at the end of the year 21 631,121 531,985 The notes on pages 16 to 31 form part of these financial statements Page 15
VirtualSignalur8 Transaction Ref. 4PJX-GYLK-DCG5 06 Sep 2024 11..27..06 BST (UTC +11 D 2r2 P 18133 BERKSHIRE YOUTH LTD (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 General infomiation Berkshire Youth Ltd is a private company, incorporated in England and limited by guarantee. The registered office and principal place of trade of the Company in the year was Wallington House, 44 Wallington Street, Reading, Berkshire, RG14RJ. Accounting policies 2.1 Basis of preparation of financial statements The financial statements 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 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Berkshire Youth Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise staled in the relevant accounting policy. 2.2 Company status The company is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the company being wound up, the liability in respecl of the guarantee is limited to £10 per member of the company. The Companvs registered office and principal place of business is Watlington House, 44 Watlington Street, Reading, Berkshire, RG14RJ. The companls principal activity is that of the provision of youth work seNices. 2.3 Income All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Where the donated good is a fixed asset. it is measured at fair value, unless it is impractical to measure this reliably, in which case the cost of the item to the donor should be used. The gain is recognised as income from donations and a corresponding amount is included in the appropriate fixed asset class and depreciated over the useful economic life in accordance with the Companvs accounting policies. Grants are included in the Slatement of Financial Activies on a receivable basis. The balance of income received for spectfic purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Income is only recognised to the extent that the charity has provided the specified ServIS to the as stipulated in the performance related conditions. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service. Page 16
VirtualSignalur8 Transaction Ref. 4PJX-GYLK-DCG5 06 Sep 2024 11..27..06 BST (UTC +11 D 2r2 P 19133 BERKSHIRE YOUTH LTD (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies {continued) 2.4 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in setllement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including supporl costs involved in undertaking each activity. Direct costs attributable to a single activity are allocaled directly to that activity. Shared costs which contribute to more than one activity and support cosls which are not attributable to a single activity are apportioned between those activities on a basis consislent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the porlion of the asset's use. Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Governance cosls are those incurred in connection with administration of the company and compliance with constitulional and statutory requirements. Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds. Charitable activities and Governance costs are costs incurred on the companvs operations, including support costs and costs relating to the governance of the company apportioned to charitable activities. 2.5 Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company., this is normally upon notification of the interest paid or payable by the Bank. 2.6 Taxation The Company is considered to pass the tesls set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Company is F)Otentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Page 17
VirtualSignalur8 Transaction Ref. 4PJX-GYLK-DCG5 06 Sep 2024 11..27..06 BST (UTC +11 D 2r2 P 20133 BERKSHIRE YOUTH LTD (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies {continued) 2.7 Tangible fixed assets and depreciation Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following bases- Motor vehicles Fixtures and fittings Office equipment 25. straight line 10 % straight line 33°/o Straight line 2.8 Debtors Trade and other debtors are recognised at the settlement amount after any Irade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 2.9 Cash at bank and in hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of six months or less from the date of acquisition or opening of the deposit or similar account. 2.10 Liabilities Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past evenl. it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced paymenls for the goods or services it must provide. Provisions are measured at the best estimate of Ihe amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tsx discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges. 2.11 Operating leases Rentals paid under operating leases are charged to the Statement of financial activities on a straight- line basis over the lease temi. 2.12 Pensions The Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Company to the fund in respect of the year. The Company is a member of a multi*mployer plan. Where it is not possible for Ihe Company to obtain sufficient infomiation to enable it to account for the plan as a defined benefit plan, it accounts for the plan as a defined contribution plan. Page 18
VirtualSignalur8 Transaction Ref. 4PJX-GYLK-DCG5 06 Sep 2024 11..27..06 BST (UTC +11 D 2r2 P 21133 BERKSHIRE YOUTH LTD (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies {continued) 2.13 Fund accounting General funds are unrestricted funds which are available for use at the discretion of Ihe Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Investment income, gains and losses are allocated to the appropriate fund. Critical accounting estimates and areas of judgment Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Critical accounting estimates and assumptions- The Company makes estimates and assumptions conceming the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below. Tangible fixed assets Tangible fixed assets are depreciated over their useful lives taking into account residual values. where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. Residual value assessments consider issues such as the remaining life of the asset and projected disposal values. Income from donations and legacies Unrestricted funds 2024 Total funds 2024 Total funds 2023 Donations 2024 1.908 1,908 4,807 Donations 2023 4,807 4,807 Page 19
VirtualSignalur8 Transaction Ref. 4PJX-GYLK-DCG5 06 Sep 2024 11..27..06 BST (UTC +11 D 2r2 P 22133 BERKSHIRE YOUTH LTD (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Income from other trading activities Income from fundraising events Unrestricted funds 2024 Total funds 2024 Total funds 2023 Fundraising 2024 7,043 7,043 6,124 Fundraising 2023 6,124 6,124 Investment income Unrestricted funds 2024 Total funds 2024 Total funds 2023 Investment income 2024 13,079 13.079 3,430 Investment income 2023 3,430 3,430 Incoming resources from charitable activities 2024 2023 Other income 204,897 809,367 161,406 690,470 Grants 1,014,264 851,876 Page 20
VirtualSignalur8 Transaction Ref. 4PJX-GYLK-DCG5 06 Sep 2024 11..27..06 BST (UTC +11 D 2r2 P 23133 BERKSHIRE YOUTH LTD (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Grants 2024 2023 Awards for all BBC Children in Need 6,070 22,592 6,250 3,018 27,537 Beatrice Laing Trust Berkshire West Clinical Commissioning Group CCG Bernard Sunley Foundation Bracknell Forest Council Children. Young People and Learning Directorate Bracknell Forest Youth Service 80,000 5,000 55,380 14,500 18,904 25,000 55,380 14.500 76.200 Bracknell Thames Valley Office for Poli & Crime Commissioner Charles Hayward Foundation Co-op Cumber Family Charitable Trust DWF 4,041 2,000 1,000 26,714 2,000 12,362 16,901 Department for Working Pension - flexible Support Fund Get Berkshire Active Greenham Trust Limited Greenham Trust Limited - lets get active Greenham & Northampshire Youth Project Greenham Trust The Good Exchange - Newbury Youth Work Greenham Trust The Good Exchange - Miss Lawrence Trust Johnnie Johnson Trust 64,000 22,500 4,500 1,500 3,220 25,000 Newbury Town Council Shanley Foundation Souler Charitable Trust Sovereign Housing Association Ltd Sovereign Housing Sovereign #iwill Fund Sl Laurence Relief Stronger Together fund Tesco- one stop community fund Thames Valley Police - safer streets The Berkeley Charitable Foundation The Hargreaves Foundation The Henry Smith Charity The Henry Smith Charity- Outreach Support Programme The Monica Rabagliati Charitable Trust The National Lottery Community Fund The Payne Gallwey Charitable Trust The 7 stars foundation 25.400 2,000 3,120 10,000 3,120 10,000 5,600 9,816 1,000 1,600 6,000 3,125 10,000 11.050 7,506 105,472 20,700 47,667 20,521 2,500 119,000 136,500 3,500 2,040 3,000 15,000 The Sobell Foundation The Stevensons Family Charitable Trust (BCF) 15,000 Page 21
VirtualSignalur8 Transaction Ref. 4PJX-GYLK-DCG5 06 Sep 2024 11..27..06 BST (UTC +11 D 2r2 P 24133 BERKSHIRE YOUTH LTD (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Tilehurst Parish Council 14,507 16,220 1,500 7,830 TK Maxx & Homesense UK Youth EmpoweHer University of Reading West Berkshire Council 2,918 32,000 95.721 43,662 West Berks Council Supporting Families Programme West Berkshire Council School Improvement and Govemance Team West Berkshire Tumaround Families 22,400 13,333 Wokingham Borough Council Other 45,500 5,000 2,940 809,367 690,470 Charitable activity costs 2024 2023 Charitable activities 1,013,853 838,302 10. Governance costs 2024 2023 Audit costs 13,214 9,600 3,774 20,883 1,716 865 Legal and professional costs Govemance expense - wages and salaries Governance expense - social security Govemance expense - pension costs 27.417 2,528 1,371 44,530 36,838 11. Auditors. remuneration The auditors, remuneration amounts to an auditor fee of £10.000 (2023 - £9,600) with non audit fees of £300. Page 22
VirtualSignalur8 Transaction Ref. 4PJX-GYLK-DCG5 06 Sep 2024 11..27..06 BST (UTC +11 D 2r2 P 25133 BERKSHIRE YOUTH LTD (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 12. Staff costs 2024 2023 Wages and salaries Social security costs Contribution to defined contribution pension schemes 432,421 38,781 28,509 354,621 30,843 22,255 499,711 407,719 The charity paid redundancy cost totalling £1.222 {2023: £nil). The average number of persons employed by the Company during the year was as follows: 2024 No. 2023 No. Charitable activities 18 17 Administration of the charity Senior management 24 23 The average headcount expressed as full-time equivalents was 14 (2023.. 13). The number of employees whose employee benefits (excluding employer pension costs) exeded £60,000 was: 2024 2023 In the band £60,001- £70,000 The key management personnel of Berkshire Youth comprises of one individual. The total employee benefits of key management personnel including pensions were £72,28412023: £52,552). 13. Trustees. remuneration and expenses During the year, no Trustees received any remuneration or other benefits12023 - £NIL). During the year ended 31 March 2024. no Trustee expenses have been incurred12023 - £NIL). Page 23
VirtualSignalur8 Transaction Ref. 4PJX-GYLK-DCG5 06 Sep 2024 11..27..06 BST (UTC +11 D 2r2 P 26133 BERKSHIRE YOUTH LTD (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 14. Tangible fixed assets Motor Fixtures and vehicles fittings Office equipment Total Cost or valuation At 1 April 2023 Additions 21.890 9,873 46,547 2,472 78.310 2,472 At 31 March 2024 21.890 9.873 49,019 80,782 Depreciation At 1 April 2023 as restated Charge for the year 21.890 1,580 987 36,798 6,098 60,268 7,085 At 31 March 2024 21.890 2,567 42,896 67.353 Net book value At 31 March 2024 7,306 6,123 13,429 At 31 March 2023 as restated 8,293 9,750 18,043 15. Debtors 2024 2023 Trade deblors 91.936 7,847 186,489 Prepayments and accrued income 99.783 186,489 Page 24
VirtualSignalur8 Transaction Ref. 4PJX-GYLK-DCG5 06 Sep 2024 11..27..06 BST (UTC +11 D 2r2 P 27133 BERKSHIRE YOUTH LTD (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 16. Creditors: Amounts falling due within one year 2024 2023 Trade creditors 53,727 12.230 4,710 146.453 36,293 4,507 3,681 175,718 Other taxation and social security Other creditors Accruals and deferred income 217,120 220,199 2024 2023 Deferred income at 1 April 2023 Resources deferred during the year Amounts released from previous periods 166.118 134.452 {166,118) 60,804 166,118 (60,804) Deferred income at 31 March 2024 134.452 166,118 The deferred income at the year end relates to grants received in the year for the year ending 2025. Page 25
VirtualSignalur8 Transaction Ref. 4PJX-GYLK-DCG5 06 Sep 2024 11..27..06 BST (UTC +11 D 2r2 P 28133 BERKSHIRE YOUTH LTD (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 17. Statement of funds Statement of funds - current year A restated Balance at 1 April 2023 Balance at 31 March 2024 Transfers inlout Income Expenditure Unrestricted funds Designated Funds 62,323 2,384 (4,425) (23,085) 37.197 General funds General Funds 286,737 221,285 (365,149) 128,806 271.679 Totsl Unrestricted funds 349,060 223,669 (369,574) 105.721 308.876 Restricted funds Restricted Funds 167,258 812,626 (655,825) (105,721) 218.338 Total of funds 516,318 1,036,295 (1,025,399) 527,214 Page 26
VirtualSignalur8 Transaction Ref. 4PJX-GYLK-DCG5 06 Sep 2024 11..27..06 BST (UTC +11 D 2r2 P 29133 BERKSHIRE YOUTH LTD (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 17. Statement of funds (continued) Statement of funds - prior year As reslated Balance at 31 March 2023 As restated Transfers inlout Balance at 1 April 2022 As restated Income Expenditure Unrestricted funds Designated Funds 126,315 3,336 (13,792) (53,536) 62,323 Unrestricted funds General Funds 133.745 156,344 {231,417) 228,065 286,737 Total Unrestricted funds 260.060 159.680 (245,209) 174,529 349,060 Restricted funds Restricled Fund 239.574 706.557 {604,344) (174,529) 167,258 Total of funds 499.634 866.237 (849.553) 516,318 Page 27
VirtualSignalur8 Transaction Ref. 4PJX-GYLK-DCG5 06 Sep 2024 11..27..06 BST (UTC +11 D 2r2 P 30133 BERKSHIRE YOUTH LTD (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 18. Summary of funds Summary of funds - current year As restated Balance at 1 April 2023 Balance at 31 March 2024 Transfers inlout Income Expenditure Designated funds General funds 62,323 286,737 167,258 2,384 221,285 812.626 (4,425) (23,085) (365,149) 128,806 (655,825) {105,721) 37.197 271.679 218,338 Restricted funds 516,318 1,036,295 (1,025,399) 527,214 Summary of funds - prior year As restated Transfers inlout Balance at 31 March 2023 Balance at 1 April 2022 As restated Income Expenditure Designated funds General funds Restricled funds 126.315 133.745 239.574 3.336 156.344 706.557 (13,792) (53,536) {231,417) 228,065 {604,344) (174,529) 62,323 286,737 167,258 499.634 866.237 {849,553) 516,318 19. Analysis of net assets between funds Analysis of net assets between funds - current period Unrestricted Restricted funds funds 2024 2024 Total funds 2024 Tangible fixed assets Current assets Creditors due within one year 13,430 378,103 (82,657} 13,430 730,904 {217,120) 352,801 1134,463) Total 308,876 218,338 527,214 Page 28
VirtualSignalur8 Transaction Ref. 4PJX-GYLK-DCG5 06 Sep 2024 11..27..06 BST (UTC +11 D 2r2 P 31133 BERKSHIRE YOUTH LTD (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 19. Analysis of net assels between funds (continued) Analysis of net assels between funds - prior period As restated As restated unrestricted restricted funds funds 2023 2023 Total funds 2023 Tangible fixed assets Current assets 18,043 18,043 385,098 333,376 718,474 (54,081) 1166,118) (220,199) Creditors due within one year Total 349,060 167,258 516,318 20. Reconciliation of net movement in funds to net cash flow from operating activities 2024 2023 Net income for the period (as per Statement of Financial Activities) 10.895 18,302 Adjustments for: Depreciation charges Bank interest 7,085 (13.079) 86,706 {3.078) 3,798 (3,430) (108,773) 110,376 Decreasel(increase) in debtors Increasel(decreasel in creditors Net cash provided by operating activities 88,529 20,273 21. Analysis of cash and cash equivalents 2024 2023 Cash in hand 631,121 531,985 Total cash and cash equivalents 631,121 531,985 Page 29
VirtualSignalur8 Transaction Ref. 4PJX-GYLK-DCG5 06 Sep 2024 11..27..06 BST (UTC +11 D 2r2 P 32133 BERKSHIRE YOUTH LTD (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 22. Analysis of Net Debt At 1 April 2023 Cash flows At 31 March 2024 Cash at bank and in hand 531,985 99,136 631.121 531,985 99,136 631,121 23. Pension commitments The company operates a defined contribution pension scheme and a multi-employer defined benefit scheme being the Teachers, Pension Scheme. Defined Contribution Scheme The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to both funds and amounted to £27.138 (2023: £21,390)- Contributions totalling £3,338 (2023.. £2.371) were payable to the funds at the balance sheet date and are included in creditors. 24. Operating lease commitments At 31 March 2024 the Company had commitments to make future minimum lease payments under non- cancellable operating leases as follows: 2024 2023 Not later than 1 year Later than 1 year and not later than 5 years 8,970 8,500 8,970 14,500 17,470 23,470 Page 30
VirtualSignalur8 Transaction Ref. 4PJX-GYLK-DCG5 06 Sep 2024 11..27..06 BST (UTC +11 D 2r2 P 33133 BERKSHIRE YOUTH LTD (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 25. Related party transactions Certain costs are recharged to The Wayz, a charity to which previous CEO David Seward (retired in 20221 is also a trustee. Berkshire Youth also hold the lease of the building used by The Wayz. During the year, income totalling £35,549 (2023: £23,835) was received from The Wayz. Costs totalling £21,867 (2023.. £11,504) were purchased from The Wayz. At the year end trade debtors is £12,544 (2023: £9,597) and trade creditors is £21,867 {2023- £11.504). Expenditure totalling £570 (2023: £477) was reimbursed from Kintbury Youth Club, a charity to which Previous CEO David Seward (retired in 2022) is a Trustee. Income totalling £3,240 (2023.. £1,400) was received from Newbury Canoe Club, a charity to which the previous CEO David Seward {retired in 2022) is a Trustee, for hire of the Waterside Centre. At Ihe year end, included within trade debtors is £nil (2023: £1,400) due from Newbury Canoe club. Expenditure lotalling £6,000 (2023- £9,189) was paid to BBY Waterside Limited, a company to which Trustee Roger Smee is also a Director, for rent on the Waterside Centre. At the year end, included in trade creditors is £nil (2023.. £531) due to BBY Waterside Limited. Expenditure totalling £nil (2023.. £11,880) was paid to Watlington House Trust. a charity to which Trustee David Williams is also a Trustee, for rent on the Watlington House. 26. Controlling party The company is controlled by the trustees as disclosed per page 1 of the financial statements. 27. Company limited guarantee The company is limited by guarantee and as such does not have share capital. In the event of the company being wound up every member of the charity undertakes such amount as may be required (not exceeding £10) to the charitys assets. 28. Unrestricted fund This comprises those funds which the trustees are free to use in accordance with the charitable objectives. Page 31