REGISTERED COMPANY NUMBER: 05290088 (England and Wales) REGISTERED CHARITY NUMBER: 1109088 BERWICK-UPON-TWEKD COMMUNITY DEVELOPMENT TRUST LIMITED A COMPANY LIMITED BY GUARANTEE REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 J.H. Greenwood & Company Chartered Accountants Ava Lodge Castle Terrace Berwick Upon Tweed Northumberland TD15 INP
BERWICK-UPON-TWEED COMMUNITY DEVELOPMENT TRUST LIMITED CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Page Reference and Administrhtive Details Chairman's Report Report of the Trustees Independent Examiner'5 Report Statement of Financial Aetivities Balanee Sheet Notes to the Financial Slatements 12 to 19 Detailed Statement of Financial Activilles 20 to 21
BERWICK-UPON-TWEED COMMUNITY DEVELOPMENT TRUST LIMITED REFERENCE AND ADMINISTRA TtVE DETAILS FOR THE YEAR EI NDED 31 DF.CEMBER 2023 TRUSTEES D R Harper- Chair J Fisher Ms C J M Harper Ms S A Holborn (re5igDed 311812023) D R Purvis K B Siseman M Crawford D P Inglis (resigned 101112023) Ms C M Handley Ms J G Montgomery REGISTERED OFFICE The William Elder Building 56-58 Castlegale Berwick Upon Tweed Northumberland TD15 IJT REGISTFRED COMPANY NUMBER 05290088 (England and Wales) REGISTERED CHARITY NUMBER 1109088 INDEPENDENT EXAMINER J.H. Greenwood & Company Chartered Accountants Ava Lodge Casile Terrace Berwick Upon Tweed Northumberland TD15 INP Page I
BERWICK-UPON-TWEED COMMUNITY DEVELOPMENT TRUST LIMITED CHAIRMAN'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Last year saw two resignations from the Board of Trustees, Sally Holburn and Daniel Inglis. On behalf of the staff and fellow Board members, I would like to express my thanks to them for their valued contribution. The Trusl also saw the departure of one of its most valued and longest serving Ol¢erS. lan Guthrie. lan was the Trust's Finance Officer and he had been part of the Trust almost from its inception. On behalf of everyone at ihe Trust, I wish lan a long and enjoyable retirement. His role ha5 been filled by Joanne Douglas who lan had mentored over the past few years. This arrangement has ensured that the Trust will continue to receive a very high level of fiscal management and forecasting and I have every confidence that Joanne will fulfil the role admirably. There was one further officer resignation, Freya Herriott and we thank and wish her every success for the future. Her role as Tourism Officer bas been filled by Liberty Holloway, welcome Libety. Thankfully, the profound effects of COVID have all but disappeared and usage of the William Elder Building has now retumed to its pre COVID levels. Regrettably, however, there have been a number of lingering negative impacts which along with the current economic pressures on some households has resulted in continued high levels of demand on the services offered by the Trust. It is pleasing to think that the Trust can help in such circumstances, whether it be in terms of the Food Bank, or the wider range of social assislance on offer. Lasi year saw the Trust acquire a multi occupant High Street property portfolio. This acquisition further strengthens the Trust's financial position and has allowed it to support a local artist cooperative, Serendipity. Work continues on "The Lookout" and a numb¢r of possible schemes for its development are now being actively considered. Finally, I would like to express, on behalf of the Board, my sincere thanks lo Becci Murray and her team for their excellent work over Ihe past twelve months and I have every confidence that this year will see the Trust continue to build n its recent success. David Haryjer Page 2
BERWICK-UPON-TWEED COMMUNITY DEVELOPMENT TRUST LTMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees present their report and Ihe independently reviewed fmancial statement5 of the charity for the year ended 31 December 2023. The Trustees have adopted the provisions of the Statement of Recovnmended Practice (SORP) (FRS 102 (second edition - October 2019)) in preparing the annual report and financial statements of ihe charity. The financial statements have beeT] prepared in accordance with the accounling policies set out in notes to the accounts and comply wRth the charity's governing document, the Charitles Act 201 l and Accounting and Reporting by Charitie5-. 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 effective from l January 2019. OBJECTIVES & ACTIVITIES The Trust exists to make Berwick a better place to live, work and visit. Activities are intended to generate public benefit for resident5, businesses. and visitors to the Berwick area. The Trust works to provide services directly for residents. to develop social enterprises and to provide active support and advice in Berwick upon Tweed. All profits generated through the Trust's economic activities are reinvested back inlo the Community. reinveslment that enables further development of projects and services. A5 an organisation that is run by the community, for the benef)t of the community, the Trust seeks to encourage stakeholder involvement. The DIrectors$t¢¢5 all have a passion for the lown and surrounding area and everyone who lives, works. or plays a part in the community is welcome to become a member of BCT. Membership entitles p¢ople to vote on issues relating to BCT at the AGM, including electing Directorsrrrustees. In order to maintain and enhance its effectiveness, the Trust has a wide range of documented policies and procedures which are subject to regular review. Board meetings were held monthly during the year and reports on the Trust finances and an update from the Operations Director were standard items on th¢ agenda. In addition, one-off report5 are produced to update members on Specific relevant matters. STRATEGIC REPORT Achievements and performAnee In order to achieve ils aims, the Trust ha5 adopted a strdtegy of working in partnership with other local and regional organisations to initiate social enterprises and grant funded projects. Activities are selected on their likely contribution to the building of wealth, employment. cultural or life opportunilies for residents of Berwick upon Tweed and its surrounding communities. Activities undertaken this year in pursuit of these objecls are identified below. The William Elder Building Office spaces within the building are let to a range of organisations including not-for-profit and community groups, providing BCT with a vilal and sustainable source of income. In addition to the office space, the building has two fully accessible meeting rnom5. Traditionally the larger room is used by Slimming World, Reed in Partnership, the Methodist Church for their Sunday services and a Muslim Prayer Group. This also doubles as a conference room for meetings and group bookings of up to 75 people. There is a smaller room which is let out to various local organisations, community groups and businesses on a regular or casual basis. The Trust op¢rate5 a tiered pricing policy that charges local and charitable bodies less than others. These spaces have been widely used during the year and provide a key meeting facility In the town. Core Legacy Fund The Trust operates this grant giving fund to support eligible entities in North Northumberland to develop community renewable energy projects and initiatives. The fund seeks to advance Ihe deployment of renewable generation technologies, reduce carbon emissions and build sustainable communities. Income for the fund came from the Wind Turbin¢ project and is a finite sum of money. Three grants were awarded during the year to the value of £11,706. A sum of £152K remains in the fund for distribution. We have received a number of enquiries regarding future applications and these have looked at and approved in principal awaiting fomial applications. Page 3
BERWICK-UPON-TWEED COMMUNITY DEVELOPMENT TRUST LIMITED REPORT OF THE TRUSTV.ES FOR THE YEAR ENDED 31 DECF.MBER 2023 Here for You This is one of the primary services through which the Trust directly supports residents in need. It 15 free to users and provides a wide range of advice and prnctical support around employment, benefits, budgeting and housing applications. The telephone delivery model implemented in previous years is still proving successful has continued but some customers, who find this easier or require extra support receive face to face engagement on a one-to-one basis. The service is made possible in part by generous ndIng from Bernicia Housing and their community fund. In addition there is internal funding from Berwick Food Bank to support their clients who frequevjtly benefii from the Here for You service providing "wrap around" and ongoing support. Food Bank The Trust runs the local food bank with the support of residents and community partners including churches, schools and amenity groups. Donations take the fom) of cash, online via Localgiving and BACS donations, as well as food, either donated directly or via colleclion points. During 2023 there were 619 parcels distributed and a further 42 Christmas hampers requested by partner organisations in December. This is a marked increase in use of the service as significant price increases continue to impact on families. This trend is anlicipated to continue into 2024. The service continues to take a holistic approach lo ihe challenges that residents face,and continues to refer clients who they consider require advice on budgetinglbenefils etc.to the Here For You service. This referral allows in depth discussions to take place with Staff who ar¢ experienced in this field and enables the best way forward for the client to be identified. Accessing the food bank continues to be by an "open door" approach and avoids any reslrictive refe]Tal processes. Childcare Provision The Tivst continues lo act as a staing agency for childcare provision to the Family Hub, fonnerly Sure Start Centre, in Berwick. This is part of a long term agreement with Northumberland County Council and ensures that a key service 15 provided with circa 95 children on the roll al the end of 2023. Young Careys Project The Trust has a Young Carers Group for the benefit of young people who have caring responsibilities. It enables attendees to have time for themselves in a safe and structured environment and provides critical support for both the children and their families. The group runs on two Salurdays a month. The group was funded through residual balances and rther external funding was received during the year lo enable the group to continue to operate, Northern Food Partnership The Trust continues to be involved in the Northern Food Partnership, linking food provisions, food bank5 and delivering sustainable food options in the Northumberland area. £23,000 funding from Northurnberland Communities Together was received in 2020 to develop these iniliatives, and this continues to fvnd ongoing activities under this umbrella. General Community Support and Engagement The Trust continues to be a key player in providing help, support and advice to a number of external organisatlons and bodles in the Town and the surrounding area. Much of this support is largely unseen but it is absolutely crucial in the town's Continued development. This is achieved through applying the depth of knowledge and underslanding of the Trustees and staff in supporting the town's development. As part of this engagement the future of the Serendipity Artisan shop in the town centre was secured with new premises. The Trust has worked with Beach Access North East to provide beach access wheelchairs for visitors and residents in Spittal. Old Brewery Tweedmouth The Trust continues to own this building and it was placed on the market for sale during the year. Whilst there was some interest, no sale has been made and the future of the building remains an ongoing challenge. Tourism Project A new team rnember joined the Trust at the end of 2023 to replace ihe previous Officer who left in August. Their role is to promote Berwick upon Tweed. work with businesses, festivals and community groups and keep a visible online presence via the Visit Berwick website and social media. The cost of the service has been partly met through fmancial support from the Town Council and other grant making bodies grants with the balance being fund¢d by the Trust as part of its commitment lo the promotion of the town. Page 4
BERWICK-UPON-TWEED COMMUNITY DEVELOPMENT TRUST LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECV.MBER 2023 The Lookout A new tenant look over The Lookout this year and contÉnues to run it as a small café. This is producing useful income for the Trust but importantly it gives the Trust access lo a building in a strategically important area of the town. MarygatelHide Hill Property In November 2023 the Trust purchased property on the corner of Marygate and Hide Hill comprising the freehold of 3 apartments. currently leasehold, and 3 retail units. This enabled the Trust to secure premises for Serendipity (mentioned above) and to secure additional income lo support the Trust's Work. Managemeiit of Risks The Trust lakes their responsibility to identify and mitigate risk as a key priority. Business plans plus a variety of policies have been developed to reflect this responsibility and are regularly reviewed. The principal risks the Trust face are ihose arising out of its ownership and operation of The William Elder Building, The Old Brewery, The Lookout and the MarygatelHide Hill propertie5, its role as an employer. its continuing need to develop and deliver on ihe various projects it undertakes and th¢ identification of a suilable capital venture to produce income to replace the loss of the previous ongoing turbine income. FINANCIAL REVIEW Results for the Year The overall income of the Trust during the period was £423.501 (2022 £375.384) wilh expenditure of £427,234 (2022 £389,672) The principal funding sources are shown in the appropriate notes to the accounls. Fund Balances The balances on the individual ndS are set out in Note 17 to the accounts. Funds received from awarding bodies wilh specific restrictions, or donations with donor requests, are spent against the projects for which they were given. These reserves do not generally build up a5 they are given for specific activities and purposes during the period. Restricted reserves stand at £318,762 (2022 £329,261) of which £289,384 (2022 £286,178) is represented by Tangible Assets and £29,378 (2022 £43,083) is represented by the unspenl money in the speoified projects. £1,126,846 (2022 £1.120,080) is held as unrestricted and designated fund5 carried forward for use by the Trust. Plans for 2024 Over the next 12 months the Trust expects to commit significant resources to: Develop a landmark project (or projects) funded through cash reserves to ensure the long tenn fmancial stability of the Trust. Participate in, and promotion of, appropriate regeneration programmes for the town. Provide ernployment support and advice as opportunity and finance allows. Operation and support of the Food Bank and the Young Carers Project. Operation of the Child Care contract with Northumberland County Council. Community engagement on a range of projecls set up to benefit the town. The continued operation of the William Elder Building for the benefit of the Community. The dev¢lopment and future use of The Old Brewery and The Lookout. Continue to provide beach wheelchair access at Spittal for resident5 and visitors. A continuing review of the current planslpolicieslprocedures of the Trust. Page 5
BERWICK-UPON-TWEED COMMUNITY DEVELOPMENT TRUST LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECF.MBER 2023 STRUCTURE, GOVERNANCE AND MANAGEMENT Berwick Community Twst (BCT) is a Company Limited by Guarantee established by Metnorandum and Articles of A550ciation dated 8th September 2004 and registered in England as a charity on the 18th April 2005. BCT Membership is open to all who live or work ID the Berwick upon Tweed area with 74 individuals or organisations currently registered. Director5rrrustees are elected from the membership at the AGM and serve on a Board that oversees the Trust's work and manages its affairs. The DirectorslTrustees elect from themselves a Chair, Vice-chair and Honorary Treasurer. Currently BCT has 9 Directorsrrrustees. The Direclorsrrruslees come from a range of business and voluntary backgrounds and offer a broad diversity of skills and experience. At 3 1st December 2023 BCT employed 15 members of staff headed by an Operations Director who is responsible for day to day decision making. management of the staff team and ensuring Ihat the agreed work programmes are followed. The Operations Director reports to the Board, and the Chair meets regularly with th¢ Operations Director to enhance communication between the staff and the Board. Th¢ contribution of volunteers is essential to the operation of the Trust and this is especially of Ihe significant amount of work the DirectorruSICeS have done through the course of the year. Volun*ers are also active in various aspects of the Trnst's work and particularly the food bank. The Dire¢torslTrustees would like to acknowledge the support and assistance given to the Trust by paid staff, contractors and volunteers. TRUSTEES, RESPONSIBILITIES The Trustees (who are also directors of Berwick-Upon-Tweed Community Development Trust Limited for the purposes of company law) are responsible for preparing the Trustees, Annual Report (including the Strategic Report) and the financial statements 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 ffftancial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to: select suitable accounting policies and then apply them consistently observe the method5 and principles in the Charities SORP (FRS 102 (second edition - October 2019). make judgements and estimates that are reasonable and prudent. stale whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the fmancial statements. prepare the flllancial statements on the going concern basis unless it is inappropriate to presume that the haritable company will continue in operation. The Trustees are responsible for keeping adequate accounling records that disclose with reasonable accuracy at any time the financial position of the charitable 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularitie5. In so far as the Trustees are aware: there is no relevant inforniation of which the charitable companvs accountants are unaware; and the Trustees have taken all steps ihat they ought to have iaken to make themselves aware of any relevant audit infomiation and to establish that the accountants are aware of that inforniation. The Trustee5 are responsible for the maintenance and integrity of the corporate and fancial infornlation included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of ftnancial statements may differ from legislation in other jurisdictions. Page 6
BERWICK-UPON-TWEED COMMUNITY DEVELOPMENT TRUST LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 Disclosure of information to the Independent Reviewer We, Ihe director5 OF the coTnpany who held office at the dat¢ of approval of these Financial Statements as set out above each confTh, so far as we are aware. Ihat: there is no relevant audit infom)ation of which the companys independent accountant5 are unaware. and we have laken all the steps that we oughl to have taken as directors in order to make ourselves aware of any relevant infomiation and to establish that the company's independent accountants are aware of ihat inforniation. In approving the Trustees, Annual Report, we also approve the Strategic Report included therein. in our capacity as cotnpany directors. l O, April 2024 Signed on ils behalf by.. arper - Truste Page 7
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BERWICK-UPON-TWF.ED COMMUNITY DEVELOPMENT TRUST LIMITED Independent examiner's report to the Irustees of Benvick-Upon-Tweed Community Development Trust Limited ('the Company,) report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December2023. Responsibilities and ba5]5 of report As the charity's trustee5 of the Company (and also its directors for the purpose5 of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of ihe Company are not required to be audiled under Part 16 of the 2006 Act and are eligible for independent examinalion, I report in respect of my examination of your charity's accounts as carried out undei. Section 145 of the Charities Act 2011 ('the 201 l Ace). In carrying out my examination I have follow¢d the Directions given by the Charity Cojnmission under Section 145(5) (b) of th¢ 201 l Act. Independent examiner's statement Since your charity's gross income exceeded £250.000 your examiT]er must be a member of a listed body. I can confirn] that l am qualified to undertake the examination because l am a member of ihe ERROR - relevant professional body must be completed which is one of the listed bodies. I have completed my examination. J confimi that no matters have come to my attention in connection with the examinalioTh giving me cause to believe: accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act. or the accounts do not accord with those records. or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other ihan any requirement Ihat the accounts give a true and fair view which is not a matter considered as part of an independent examination. or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn tn this report in order to enable a proper understanding of ihe accounts to be reached. M McLeman J.H. Greenwood & Company Chartered Accountants Ava Lodge Castle Terrace Berwick Upon Tweed Northumberland TD15 INP Date: l O April 2024 Page 8
BERWICK-UPON-TWEED COMMUNITY DEVELOPlVtENT TRUST LIMITED STATF,MENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 31112123 Total fund5 31112122 Total funds Unrestricted funds Restricted nds Designated Notes INCOME AND ENDOWMENTS FROM Donations and legacies 67,038 33,002 10.475 110,515 119,648 Charitable activities Charitable activities 13,188 189.031 202,219 180,468 Other trading activities Investment income 70,639 40.028 loo 70,739 69,345 5,923 Total 190,893 199 506 423 501 375 384 EXPENDITURE ON Raising funds 6,886 6,886 Charitable Aetlvlties Charitable activities 174.322 210,006 420 348 389,672 Total 181208 210006 427 234 389 672 NET INCOMEI(EXPENDITURE) 9.685 (2,918) (10,500) (3.733) (14,288) RECONCILIATION OF FUIYDS Total funds brought forward 929,189 190,891 329,261 ,449,341 1,463,629 TOTAL FUNDS CARRIED FORWARD 938,874 187.973 318.761 1445,608 1,449,341 CONTINUING OPERATIONS All income and expenditure has arisen from continuing activities. The notes forn] part of these financial ststements Page 9
BERWICK-UPON-TWEED COMMUNITY DEVELOPMENT TRUST LIIKITED REGISTERED NUMBER: 05290088 BALANCE SHEET 31 DECEMBER 2023 31112r23 Total funds 31112122 Total funds Unrestricted funds Restricted funds Designated Notes FIXED ASSETS Tangible assets Investment propety 12 14 157,175 338,022 289,384 446,559 338,022 537,663 495,197 289,384 784.581 537,663 CURRENT ASSETS Debtors Cash at bank and in hand 15 31.904 444.616 2,026 33,930 666.867 13,907 924 778 476,520 187,973 36.304 700,797 938.685 CREDITORS Amounts falling due within one year 16 (32,844) (6,926) {39,770) (27,007) NET CURRENT ASSETS 443 676 187,973 29,378 661027 911678 TOTAL ASSETS LESS CURRENT LIABILITIES 938,873 187,973 318,762 1,445,608 1,449,341 NET ASSETS 938 873 187973 318762 1445 608 1,449 341 FUNDS Unrestricted funds Restricted funds 17 1,126,846 318762 1,120,080 329 261 TOTAL FUNDS 1445 608 1449 341 The Charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023. The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance wilh Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting record5 that comply with Sections 386 and 387 of the Companies Act 2006 and 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 ihe requirernents of ihe Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. (b) The notes forni part of these ffftancial statements Page 10 continued...
BERWICK-UPON-TWEED COMMUNITY DEVELOPMEIYT TRUST LIMITED EGISTERED NUMBER: 05290088 BALANCE SHEET- continued 31 DECIMBER 2023 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statetnents were approved by the Board of Trustees and authorised for issue on ioth April 2024 and were signed on ils behalf by.. D R Haer- Truste The notes forni part of these financial statements Pagell
BERWICK-UPON-TWEED COMMUNITY DEVELOPMENT TRUST LIMITED NOTES TO THF. FINANCIAL STATEMENTS FOR THE YEAR F,NDKD 31 DECEMBER 2023 ACCOUNTING POLICIES Basis of preparing the financial statements The fmancial 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 chartties preparing their accounts in accordance with the Financial Reporting Standard applicable in ihe UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The fmancial slatements have been prepared under the historical cost convention, with the exception of investments which are included at markel value. Income All income is recognised in the Statement of Financial Aclivities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilili¢s are recognised as expenditure as soon as there is a legal or constructive obligalion cornmitting th¢ charity to that expenditure. it is probable that a transfer of cconomic benefils will be required in settlement and the amount of the obligalion can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost relaled to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Freehold property Plant and machinery Computer equipment not provided Straight line over 4 years Slraight line over 4 years Investment property Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from Changes in fair value is recognised in the Slalement of Financial Activities. Taxation The charity is exempt from corpordtion tax on ils charitable activities. Fund Aeeounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted fund5 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 tILe notes to the financial statements. Pension costs and other post-retirement benefits The charitable company operales a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Page 12 continued...
BERWICK-UPON-TWEED COMMUNITY DEVELOPMENT TRUST LIMITED NOTES TO THE FIIYANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2023 DONATIONS AND LEGACIES 31112123 31112122 Donations Grants Commission on sales as donations 53,379 57,076 60 37,843 81.429 376 110,515 119,648 Grants received, included in the above, are as follows.. 31112123 31112122 NCC Community Chest Tesco Groundwork Token Scheme Community Fund Madeline Kinlen Fund The Lough Fund Neighbourly Fund BerwickTown Council Northumberland County Council Graniscape Community Foundation Newcastle Building Society Other grants 1,200 500 18,663 8,333 8,333 500 6,875 34,525 19,551 1,000 2,000 OTHER TRADING A[VITIEs 31112123 31112122 Rents and services Casual r(iom hire 44,981 49,152 70,739 INVESTMENT INCOME 31112123 31112122 Rents received Deposit a¢count interest 13,688 40,028 Page 13 continued...
BERWICK-UPON-TWEED COMMUNITY DEVELOPMENT TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YF.AR F,NDED 31 DECEMBER 2023 INCOME FROM CHARITABLE ACTIVITIES 31112r23 31112122 Activity Charitable activities Childcare services 202219 180,468 RAISING FUNDS Investment management costs 31112123 31112122 Property repairs Property insurance Costs of letting 4,714 1,484 688 CHARITABLE ACTIVITIES COSTS Support sts (see note 8) Direct Costs Totals Charilable activiti¢s 416794 420,348 SUPPORT COSTS Governan¢¢ costs Charitable activities NET INCOMEI(EXPENDITURE) Net incomel(expenditure) As stated after chargingl(crediting): 31112123 31112122 Depreciation - owned assets io. TRUSTEES, REMUNERATION AND BENEFITS There were no ttU5tees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022. Trustees, expenses There were no trustees, expenses paid for the year ended 31 December2023 nor for the year ended 31 December 2022. Page 14 continued..,
BERWICK-UPON-TWEED COMMUNITY DEVELOPMENT TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2023 ii. STAFF COSTS 31112123 31112122 Wages and salaries Social security costs oiher pension costs 277,122 14,411 276,007 10,943 8,025 299,533 294,975 The average monihly number of employees during the year was as follows: 31112123 15 31112122 17 Employed in charitable activities No employees received emoluments in excess of £60,000. 12. TANGIBLE FIXED ASSETS Freehold property Plant and machinery Computer equipment Totals COST At l January 2023 Addilions Reclassification 807.061 15,671 5,398 36,264 858,996 5,398 90 985) 90 985) At 31 December 2023 716 076 773 409 DEPRECIATION At l January 2023 Charge for year 281.126 10,939 29.268 321,333 At 31 December 2023 281 126 326,850 NET BOOK VALUE At 31 Decemb¢r 2023 434 950 446 559 At 31 December 2022 525 935 537,663 13. FIXED ASSET INVESTMENTS There were no inveslment assets outside the UK. Page 15 continued...
BERWICK-UPON-TWEED COMMUNITY DEVELOPMENT TRUST LIMtTED NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2023 14. INVESTMENT PROPERTY FAIR VALUE Additions Reclassification 247,037 90,985 At 31 December 2023 338,022 NET BOOK VALUE At 31 December2023 338.022 At 31 December 2022 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31112r23 31112122 Trade debtors Prepayments and accrued income 18,629 2,500 33,930 16, CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31112123 31112122 Trade creditors Social security and other taxes Accruals and deferred income 1,212 8,821 2,307 13,241 11,459 Page 16 continued...
BERWICK-UPON-TWEED CoMINITy DEVELOPMENT TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2023 17. MOVEMENT IN FUNDS N¢t movement in funds At 31.12.23 At 1.1.23 Unrestricted funds General fund Food bank - Designated Core Legacy - Designated Repair5 fund - designaled 929,189 16,054 164,837 9,684 9.788 (12.706) 938,873 25,842 152.131 i 0,000 1,120,080 6,766 1,126,846 Restricted funds Young Carer's scheme Three Fields Resident Ass Safe Steps NCC Communities Together William Elder Tourisrn Project Beach Wheelchairs Defibrillator- Restricted Bridge 400 6,672 296 3,626 13,726 285,000 4,047 13,393 2,501 (5,210) (296) 1,462 3,626 13,726 285,000 (4,047) (1,244) (392) 690 12,149 2,109 690 329261 318762 TOTAL FUNDS 449 341 1,445 608 Net movement in funds, included in ih¢ above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund Food bank - Designated Core Legacy - Designated 190,893 33,102 (181,209) (23,314) 12 706) 9,684 9,788 12,706) 223,995 (217,229) 6,766 Restricted funds Restricled - Childcare Young Carerfs scheme Three Fields Resident Ass Tourism Project Beach Wheelchairs Defibrillator- Restricted Bridge 400 189,031 (189,031) (5,210) (296) (13,422) (1,244) (392) (5,210) (296) (4,047) (1,244) (392) 690 9,375 199 506 210.005 10499) TOTAL FUNDS 423,501 427,234) Page 17 continued...
BERWICK-UPON-TWEED COMMUIYITY DEVELOPMENT TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2023 17. MOVEMENT IN FUNDS- eontinued Comparatives for movement in funds Net movement in funds At 31.12.22 At 1.1.22 Unrestricted funds General fund Food bank - Designated Core Legacy - Designated Repairs fund - designated 930,221 5,211 185,587 (1,032) 10,843 (20,750) 929,189 16,054 164,837 10.000 l.l31,019 (10,939) 1,120,080 Restricted funds Young Carevs scheme Three Fields Resident Ass Safe Steps NCC Communities Together William Elder Tourism Project Beach Wheelchairs Defibrillator - Restricted 6,549 296 3,860 19,461 285,000 7,051 10,393 123 6,672 296 3,626 13,726 285,000 4,047 13,393 2,501 (234) (5,735) (3,004) 3,000 332 610 329261 TOTAL FUNDS 1463,629 14288) 449,341 Comparative net movement in fvnds, included in ihe above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund Food bank - Designated Core Legacy - Designated 154,655 30,356 (155,687) (19,513) 20 750) (1,032) 10,843 20 750) 185,011 (195,950) (10,939) Restricted funds Reslricted - Childcare Young Carels scheme Safe Steps NCC Communities Together Tourism Project Beach Wheelchair5 Defibrillator - Restricted 166,851 4,502 (166,851) (4,379) (234) (5,735) (16,110) 123 (234) (5,735) (3,004) 3,000 13.106 3,000 2,914 190,373 193 722 3.349) TOTAL FUNDS 375.384 389,672) 14,288) Page 18 continued.,.
BERWICK-UPON-TWEED COMMUNITY DEVELOPMENT TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS- Continued FOR THE YEAR ENDED 31 DECEMBF.R 2023 18. OTHER FINANCIAL COMMITMENTS Held withing general funds are balances on donations and grant which were received and ringfenced for specific expenses, these expenses had not been incurred by the y¢ar end. These include £212 to cover room hire by local groups, £1,875 from the Town Council to promote tourism in the area and £900 from Simpsons Malt which has been used for general expenses in early 2024. 19. RELATED PARTY DISCLOSURES There were no related party trdnsaclions for the year ended 31 December 2023. Page 19
BERWICK-UPON-TWEED COMMUNITY DEVELOPMENT TRUST LIMITED DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 31112123 Total funds 31112122 Total funds Unrestricted funds Restricted funds INCOME AND ENDOWMENTS Donations and legAeies Donations Grants Commission on sales as donations 52.279 47.701 60 1,100 9,375 53.379 57.076 60 37,843 81,429 376 100,040 10,475 110,515 119,648 Other trading Activities Rents and services Casual room hire 44,981 44,981 49,152 70,739 70,739 69,345 Investmenl income Rents received Deposit account interest 13,688 13,688 5.923 40,028 40,028 5,923 Charitable Activities Childcare services 189031 202219 180468 Total incoming resourees 223,995 199,506 423,501 375,384 EXPENDITURE Investment management costs Propety repairs Property insurance Costs of letting 4,714 1,484 688 4,714 1,484 688 6.886 6,886 Charitable activities Wages Social security Pensions Rent, rates and water Insurance Light and heat Telephone Postage and stationery Sundries Caled forward 101,852 2.489 2,767 17,459 4,640 4,830 2,705 741 3,610 141,093 175,270 11,922 5,233 277,122 14,411 8,000 17,459 4,640 4,830 2,771 741 5,739 335,713 276,007 10,943 8,025 15,593 4,040 5,348 2,876 673 4,991 328,496 66 2,129 194,620 This page does not forni part of the statutory fanCIal statements Page 20
BERWICK-UPON-TWKED COMMUNITY DEVELOPMENT TRUST LIMITED DETAILED STATEMF.NT OF FINANCIAL AcfiviTIES FOR THF. YEAR ENDED 31 DECEMBER 2023 31112123 Total funds 31112122 Total funds Unrestricted funds Restricted funds Charit8ble 2Ctivities Broughi forward Equipment repairs and renewals Computer and IT costs Staff Training Travel cosls Promotional activities Food bank purchases Professional fees Bank charges Property repairs Property insurance Donations made Plant and machinery Computer equipment 141,093 506 721 562 194,620 411 420 335.713 917 1,141 562 121 170 3,013 17,235 934 27,260 7,017 17,194 3,023 328,496 728 3,045 2,277 493 1,278 1.181 8.144 623 6,024 4,716 25,669 2,170 170 3.013 3,687 934 27.260 7,017 17,194 2,017 13,548 1,006 206,789 210,005 416,794 387,572 Support costs Governance costs Accountancy and legal fees Total resources expended 217229 210005 427 234 389 672 Net (expenditure)lincome 10499) 14 288) This page does not form part of the statutory fmancial statements Page21