REGISTERED COMPANY NUMBER: 05290088 {England and Wales) REGISTERED CHARITY NUMBER: 1109088 BERWICK-UPON-TWEED COMMUNITY DEVELOPMENT TRUST LIMITED A COMPANY LIMITED BY GUARANTEE REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 J.H. Greenwood & Company Chartered Accountants Ava Lodge Castle Terrace Berwick Upon Tweed Northumberland TD15 INP
BERWICK-UPON-TWEED COMMUNITY DEI VELOPMII NT TRUST LIMITED CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Page Reference and Administrative Details Chairman's Report Report of the Trustees Independent Examiner's Report Statement of Finaneial Activities Balance Sheet 10 to 11 Notes to the Financial Statements 12 to 19 Detailed Statement of Finaneial Activities 20 to 21
BERWICK-UPON-TWEED COMMUNITY DEVELOPMENT TRUST LIMITED REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2024 TRUSTEES K B Siseman- Chair D R Harper J Fisher Ms C J M Harper D R Purvis M Crawford Ms C M Handley (resigned 121812024) Ms J G Montgornery L Hodgson (appointed 121812024) REGISTERED OFFICE The William Elder Building 56-58 Castlegate Berwick Upon Tweed Northumberland TD15 IJT REGISTERED COMPANY NUMBER 05290088 (England and Wales) REGISTERED CHARITY NUMBER 1109088 INDEPENDENT EXAMINER J.H. Greenwood & Company Chartered Accountants Ava Lodge Castle Terrace Berwick Upon Tweed Northurnberland TD15 INP Page I
BERWICK-UPON-TWEED COMMUNITY DEVELOPMENT TRUST LIMITID CHAIRMAN'S REPORT FOR THE YEAR EI NDED 31 DICEMBER 2024 In my first annual report as chair, I am pleased to announce a year of consolidalion and progre5S. We have continued to strength¢n and improve the Berwick foodbank and 'Here for you, community services. These have been complimented by provision of beach wheelchairs at Spittal to improve access to the beach for those with mobility challenges. Our support of local tourism via 'Visit Berwick, has been widely acknowledged and appreciated. Our work on encouraging tourism continues at pace. Commercial income via tenancies and rental of space at the William Elder building has remained broadly stable and our operational deficit, the difference b¢tween income and costs, has reduced. Financial sustainability of the Trust is always at the forefront of our thinking and actions. In addition, we have achieved a significant funding commitment towards transforming the Old Brewery in Tweedrnouth into an incubation centre for local art and artisans. The progress and delivery of this project will b¢ a key focus for the coming year. Finally, I would like to thank Becci Murray and her team for their continued efforts on behalf of the Trust. Without their energy, enthusiasm and commitment it would be extremely challenging for the organisation to achieve its goals. Keith Siseman Page 2
BERWICK-UPON-TWEED COMMUNITY DEVELOPMENT TRUST LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDID 31 DECEMBER 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 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 residents, businesses, and visitors to the BeNick 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 into the Community. reinvestment that enables further development of projects and services. As an organisation that is run by the community, for the benefit of the community, the Trust seek5 to encourage stakeholder involvement. The DirectorslTrustees all have a passion for the town and surrounding area and everyone who lives, works, or plays a part in the community 15 welcome to become a member of BCT. Membership entitles people to vote on issu¢s relating to BCT at the AGM, including electing Directorsffrustees. 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 the agenda. In addition, one-off reports are produced to update members on specific relevant matters. STRATEGIC REPORT Achievements and performance In order to achieve its aims, the Trust has adopted a strategy 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 opportunities for residents of Berwick upon Tweed and its surrounding communities. Activities undertaken this year in pursuit of these objects 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 Bcf with a vital and sustainable source of income. In addition to the olC¢ space, the building has three fully accessible meeting rooms. Traditionally the larger room is used by Slimming World, Reed in Partnership, Ihe 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. The medium sized room and the smaller interview rooms are let out to various local organisations. community groups and businesses on a regular or casual basis. Th¢ Trust operates 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 nd to support eligible entities in North Northumberland to develop community renewable energy projects and initiatives. The fund seeks to advance the deployment of renewable generation technologies, reduce carbon emissions and build sustainable communities. Income for the fund came from the Wind Turbine project and is a finite sum of money. Five gronts were awarded during the year to the value of£26,068. A Sum of £127k 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 formal applications. Page 3
BERWICK-UPON-TWEED COMMUNITY DEVELOPMENT TRUST LIMITED REPORT OF THE TRUSTEES FOR THE YEI AR EI NDED 31 DECEMBIR 2024 Here for You This is one of the primary services through which the Trust directly support5 residents in need. It is free to users and provides a wide range of advice and practical support around employment, benefits, budgeting and housing applications. The staff continue to offer both telephone and face to face meetings, some customers, who find the telephone offer easier, and those who require extra support receive face to face engagement on a one-to-one basis. The service is made possible in part by generous funding from Bernicia Housing and their community fund. In addition there is internal funding from Berwick Food Bank to support their cli¢nts who frequently ben¢fit from the Here for You service providing wrap around 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 fonn of cash, online via Localgiving and regular BACS donations, as well as food, either donated directly or via collection points. In 2024 Berwick food bank also partnered with Fareshare and we signed up to collect surplus food from Aldi through the Neighbourly program. Using the surplus food from these, we created a 'Sharing Corner" in our foyer, this ensures that no food goes to waste, allowing the general public and those who may be not comfortable accessing the Food Bank for a full parcel, to access the food. During 2024 there were 472 parcels distributed and a further 34 Christmas hampers requested by partner organisations in December. The service continues to take a holistic approach to the challenge5 that residents face and continues to refer client5 who they consider require advice on budgetinglbenefits etc.to the Here For You service. This referral allows in depth discussions to take place with staff who are 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 restrictive referral processes. Childcare Provision In April 2024 Northumberland County Council did not renew our conlract for ihe childcare provision at the Benvick Family Hub. Whilst this was disappointing for the Trust, it meant that all staff at the Family hub would be able to acces5 the same training opportunities and benefits as those employed by the County Council. Northern Food Partnership The Trust continues to be involved in the Northern Food Partnership, linking food provisions, food banks and delivering sustainable food options in ihe Northumberland area. £13,726 of this fund remains to develop these initiatives. and this continues to nd 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 organisations and bodies in the Town and the surrounding area. Much of this support is largely unseen but 1¢ is absolutely crucial in the town's continued development. This is achieved through applying the depth of knowledge and understanding of the Trustees and slaff in supporting the town's development. Old Brewery Tw¢edmouth The Trust continues to own ihis building as no previous sale had been made. In April 2024 an application for funding was made to the CCZ to develop the building. to provide a set of artist spaces with a gallery and educational facility. This application was unsuccessful, but the Trust started the process of seeking rther funding to make this project happen. Tourism Project Liberty, the Tourism Officer, has worked hard during 2024 building relationships with businesses and festivals promoting their offer, events and Berwick upon Tweed as a whole. Many establishments signed up for a yearly subscription to the VisitBerwick website and are also actively promoted via Social Media. The cost of the service has be¢n partly met throu financial support from the Town Council, the income from the ongoing subscriptions with the balance being funded by the Trust as part of its commitment to the promotion of the town. Page 4
BERWICK-UPON-TWEED COMMUNITY DEVELOPMENT TRUST LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEI MBER 2024 The Lookout The tenant is now running a very successful business in the premises and 2024 was the second year of operation. This is producing useful income for the Trust but importantly it gives the Trust access to a building in a strategically important area of the town. MarygatelHide Hill Property The properties continue to provide a stream of revenue to support the Trust's work. In August the retail tenant at 2 Hide Hill left the premises before the end of his lease term, a new tenant has yet to be secured, and the property remains empty. We will aim to fill this in 2025, either as a pop-up shop run by the Trust itself or with a new business. Spittal Beach Wheelchairs The project is predominantly operated by a bank of volunteers, we continue to work with BANE (Beach Access North East) who facilitate this via their booking system. Management of Risks The Trust takes 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 fa¢¢ are those arising out of ils ownership and operation of The William Elder Building, The Old Brewery, The Lookout and the MarygatelHide Hill properties, its role as an employer, its continuing need to develop and deliver on the various projects it undertakes and th¢ identification of a suitable capital venture to produce income to replace ihe loss of the previous ongoing turbine income. FINANCIAL REVIEW Results for the Year The overall income of the Trust during the period was £329,233 (2023 £423,501) with expenditure of £322,771 (2023 £427,234) The principal funding sources are shown in the appropriate notes to the accounts. Fund Balances The balances on the individual funds are set out in Not¢ 17 to the accounts. Funds received from awarding bodies with specific restrictions, or donations with donor requests, are spent against the projects for which they were given. These reserves do not generally build up as they are given for specific activities and purposes during the period. Restricted reserves stand at £321,082 (2023 £318,762) of which £291,930 (2023 £289,384) is represented by Tangible Assets and £29,152 (2023 £29,378) is represented by ihe unspent rnoney in the specified projects. £1,130,988 (2023 £1,126,846) is held as unrestricted and designated funds carried forward for use by the Trust. Plans for 2025 Over the next l2 months the Trust expects to commit significant resources to: Develop a landmark project (or projects) funded through cash reserves to ensure the long tenn financial stability of the Trust. Participate in, and promotion of, appropriate regeneration programmes for the town. Provide employment support and advice as opportunity and finance allows. Operation and support of the Food Bank. Community engagement on a range of projects set up to benefit the town. The continued operation of the William Elder Building for the benefit of the Community. The development and future use of The Old Brewery and The Lookout. Continue to provide beach wheelchair access at Spittal for residents and visitors. A continuing review of the current planslpolicieslprocedures of the Trust. Page 5
BERWJCK-UPON-TWEED COMMUNITY DEVELOPMENT TRUST LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECIMBER 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Berwi¢k Community Trust (Bcf) is a Company Limited by Guarantee established by Memorandum and Articles of Association 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 in the Berwick upon Tweed area with 87 individuals or organisations currently registered. DirectorslTrustees are elected from the membership at the AGM and serve on a Board that oversees the Trust's work and manages its affairs. The Director51Trustees elect from themselves a Chair, Vic¢-Chair and Honorary Treasurer. Currently BCT has 8 DirectorslTrustees. The DirectorslTruste¢s come from a range of business and voluntary backgrounds and offer a broad diversity of skills and experience. At 3 1st December 2024 BCT employed 6 members of staff headed by an Operations Director who 15 responsible for day to day decision making, management of the staff team and ensuring that the agreed work programmes are followed. The Operations Director reports to the Board, and the Chair meets regularly with the Operations Director to enhance cotnmunication between the staff and the Board. The contribution of volunteers is essential to the operation of the Trust and this is especially true of the significant amount of work the DirectorslTrustees have done through the course of the year. Volunteers ar¢ also active in various aspects of the Trust's work and particularly the food bank and beach wheelchair project. The DirectOrsrUStees would like to acknowledge the support and a551Stance 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 slalements for each financial year, which give a true and fair view of lh¢ state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditur¢, of the charitable company for that period. In preparing these financial statements, the Trustees are required to: select Sultable accounting policies and then apply them consistently observe the m¢thods and principles in the Charities SORP (FRS 102 (effective l January 2019). make judgernents and estimates that are reasonable and prudent. state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements. prepare the financial 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 accounting 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 a150 responsible for safeguarding the assets of the charilable company and hence for taking reasonable steps for the prevention and detection of fraud and oiher irregularities. In so far as the Trustees are aware.. there is no relevant information of which the charitable companys accountants are unaware. and the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the accountants are aware of that information. The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements May differ from legislation in other jurisdictions. Page 6
BERWICK-UPON-TWEED COMMUNITY DEVELOPMENT TRUST LIMITED REPORT OF THE TRUSTEES FOR THE YEAR II NDED 31 DECEMBER 2024 Disclosure of information to Ihe Independent Reviewer We, the directors of the company who held oL¢e at the date of approval of these Financial Statements as set out above each confirm, so far as we are aware, that.. there is no relevant audit information of which the company's independent accountants are unaware. and we have taken all the steps that we ought to have lak¢n as directors in order to make ourselves aware of any relevant infonnation and to establish that the company's independent accountant5 are awar¢ of that information. In approving the Trustees, Annual Report, we also approve the Strategic Report included therein, in our capacity as Company directors. 10 March 2025 Signed on its behalf by: K B Siseman - Trustee Page 7
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BERWICK-UPON-TWEED COMMUNITY DEI VELOPMENT TRUST LIMITED Independellt examiner's report to the trustees of Berwick-Upon-Tweed Community Development Trust Limited ('the Company,) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024. Responsibilities and basis of report As the charity's trustees of the Company (and also its directors for the purposes 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 the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of rny examination of your charity's accounts as carried out under Section 145 of th¢ Charities Act 2011 ('the 201 l Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 201 l Act. Independent examiner'5 Statement Since your ¢harity'5 gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirni that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: accounting records were not kept in respect of the Company as r¢quired by Section 386 of the 2006 Act. or the accounts do not accord wiih those records. or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that ihe accounts give a true and fair view which is not a matter considered as part of an independent examination. or the account5 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 Slandard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other matter5 in connection with the examination to which attention should be drawn in this report in order to enable a proper undersfanding of the accounts to be reached. M M¢Leman J.H. Greenwood & Company Chartered Accountants Ava Lodge Castle Terrace Berwick Upon Tweed Northumberland TD15 INP 12 March 2025 Page 8
BERWACK-UPON-TWEED COMMUNITY DEVELOPMENT TRUST LIMITED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 31112124 Total funds 311123 Total funds Unrestricted funds Restricted nds Designated Notes INCOME AND ENDOWMENTS FROM Donations and legacies 62,776 24,064 28,866 115,706 110,515 Charitable activities Charitable activities 10,489 66,962 77,451 202,219 other trading activities Investment income 63,133 70,563 1,180 64,313 70,563 70,739 40,028 Total 206,961 24,064 97,008 328,033 423,501 EXPENDITURE ON Raising funds 18,020 18,020 6,886 Charitable activities Charitable activities 175,064 34,999 94.688 304,751 420,348 Total 193,084 34,999 94,688 322,771 427,234 NET INCOMEI(EXPENDITURE) 13,877 (10,935) 2,320 5,262 (3,733) RECONCILIATION OF FUNDS Total funds brought forward 938,873 187,973 318,762 1,445,608 1,449,341 TOTAL FUNDS CARRIED FORWARD 952,750 177,03 8 321,082 1,450,870 1,445,608 CONTINUING OPERATIONS All income and expenditure has arisen from continuing activities. The notes form part of these financial statements Page 9
BERWICK-UPON-TWEED COMMUNITY DEIVELOPMENT TRUST LIMITID REGISTERED NUMBER: 05290088 BALANCE SHEET 31 DECEMBER 2024 31112124 Total funds 31112123 Total funds Unrestricled funds Restricted funds Designated Notes FIXED ASSETS Tangible a55ets Investment property 12 14 152,611 347,220 1,051 291,930 445,592 347,220 446,559 338,022 499,831 1,051 291,930 792,812 784,581 CURRENT ASSETS Debtors Cash at bank and in hand 15 20,022 467,769 I,oii 174.976 21,033 671,897 33,930 666,866 29,152 487,791 175,987 29,152 692,930 700,796 CREDITORS Amounts falling due within one year 16 (34,872) (34,872) (39,769) NET CURRENT ASSETS 452,919 175.987 29,152 658,058 661,027 TOTAL ASSETS LESS CURRENT LIABILITIES 952,750 177,038 321,082 1,450,870 1,445,608 NET ASSETS 952,750 177,038 321,082 1,450,870 1,445,608 FUNDS Unrestricted funds R¢slricted funds 17 1,129,788 321,082 1,126.846 318,762 TOTAL FUNDS 1,450,870 1,445,608 The charilable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024. The members have not required the company to obtain an audit of ils financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companie5 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 the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. (b) The notes form part of these financial statements Page 10 continued...
BERWICK-UPON-TWEED COMMUNITY DEVELOPMENT TRUST LIMITED REGISTERED NUMBER: 05290088 BALANCE SHEET- continued 31 DECEMBER 2024 These financial statement5 have been prepared in accordance with the provisions applicable to charitable companies subject to ihe small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 10 March 2025 and were signed on its behalf by.. K B Siseman - Trustee The notes fomi part of these financial statements Pagell
BERWICK-UPON-TWEEI D COMMUNITY DEVELOPMENT TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THI YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitable company. which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Compani¢s Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value. Income All income is recognised in the Statement of Financial Activities 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 Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related 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 Straight line over 4 years Investment property Investment property is showTh at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities. Taxation The charity is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the object5 of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statement5. Pension costs and other post-retirement benefits The charitable company operates 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 FINANCIAL STATEMENTS - continued FOR THE YEAR ENDID 31 DECEMBER 2024 DONATIONS AND LEGACIES 31112124 31112123 Donations Gift aid Grant5 Commission on sales as donations 47,842 1.726 66,138 53,379 57,076 60 115,706 110,515 Grants received, included in the above, are as follows: 31112124 31112123 NCC Community Chest Te5co Groundwork Token Scheme BerwickTown Council Northumberland County Council Grantscape Community Foundation Newcastle Building Society The Southern Upland Partnership Bernica Homes Community Foundation 1,500 1,125 7.500 39,999 34.525 19,551 1,000 2,000 1,014 ,000 15,000 (1,000) 66,138 57,076 £1,000 was repaid to the Community Foundalion, this related to a grant for a project which the Trust were unable to fulfill in the required timescale. OTHER TRADING ACTIVITIES 31112124 31112123 Event income Rents and services Casual room hire 1,180 31,213 31,920 44,981 25,758 64,313 70,739 INVESTMENT INCOME 31112124 31112123 Commercial rents r¢ceived Deposit account inler¢st 44,434 26.129 13,688 26,340 70,563 40,028 Page 13 continued...
BERWICK-UPON-TWEED COMMUNITY DEVELOPMENT TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDV,D 31 DECEMBER 2024 INCOME FROM CHARITABLE ACTIVITIES 31112124 31112123 Activity Charitable activities Child¢are services 77,451 202,219 RAISING FUNDS Investment management costs 31112124 31112123 Property repairs Property insurance Costs of letting Bad debts 7,713 8,664 336 1,307 4,714 1,484 688 18,020 6,886 CHARITABLE ACTIVITIES COSTS Support costs (see note 8) Direct Costs Totals Charitable activities 301,517 3,234 304,751 SUPPORT COSTS Governance costs Charitable activities 3,234 NET INCOME/(EXPENDITURK) Net income/(expenditure) is stated after chargingl(crediting)'. 31112124 31112123 Depreciation - owned assets 6,936 5,517 Page 14 continued...
BIRWICK-UPON-TWEED COMMUNITY DEVELOPMENT TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 io. TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023. Trustees, expenses There were no trustees, expenses paid for ihe year ended 31 December 2024 nor for the year ended 31 December 2023. ii. STAFF COSTS 31112124 31112123 Wages and salaries Social security costs Other pension costs 168,084 8,217 4,424 277,122 14,411 8,000 180,725 299,533 The average monthly number of employees during the year was as follow5.. 31112124 31112123 15 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 2024 Additions 716,076 21,069 5.969 36,264 773,409 5,969 At 31 December 2024 716,076 27,038 36,264 779,378 DEPRECIATION At l January 2024 Charge for year 281,126 13,962 4,446 31,762 2,490 326,850 6,936 At 31 December 2024 281,126 18,408 34,252 333,786 NET BOOK VALUE At 31 December 2024 434,950 8,630 2,012 445,592 At 31 December 2023 434,950 7,107 4,502 446,559 Page 15 continued...
BERWICK-UPON-TWEED COMMUINITY DEVELOPMENT TRUST LIMITED NOTES TO THI FINANCIAL STATEMENTS- continued riOR THE YEAR EINDED 31 DECIMBEI R 2024 13. FIXED ASSET INVESTMENTS There were no investment assets outside the UK. 14. INVESTMENT PROPERTY FAIR VALUE At l January 2024 Additions 338,022 9,198 At 31 December 2024 347,220 NET BOOK VALUE At 31 December 2024 347,220 At 31 December 2023 338,022 15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31112124 31112123 Trade debtors Prepaymenls and accrued income 9,248 11,785 18,629 15,301 21,033 33,930 16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31112124 31112123 Trade creditors Social security and other taxe5 Accruals and deferred income 4,308 2,048 28,516 1,211 8,821 29,737 34,872 39,769 Page 16 ontinued...
BERWICK-UPON-TWEED COMMUNITY DEVELOPMENT TRUST LIMITED NOTES TO THE FINANCIAL STATEiVKENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024 17. MOVEMENT FUNDS Net movement in funds At 31.12.24 At 1.1.24 Unrestricted funds General fund Food bank - Designated Core Legacy - Designated Repairs fund - designated 938,873 25,842 152,131 10,000 13,877 16.134 (27,069) 952,750 41,976 125,062 10,000 1,126,846 2,942 1,129,788 Restricted funds Young Carer's scheme Safe Steps NCC Communities Together William Elder Beach Wheelchairs Defibrillator- Restricted Bridge 400 1,462 3,626 13,726 285,000 12,149 2,109 690 1,462 1,970 13,726 285.000 9,227 1.716 7,981 (1,656) (2,922) (393) 7,291 318,762 2,320 321,082 TOTAL FUNDS 1,445,608 5,262 1,450,870 Net movement in nds, included in the above are as follows: Incoming resources Resources expended Movernent in funds Unrestricted funds General fund Food bank - Designated Core Legacy - Designated 206,961 24,064 (193,084) (7,930) (27,069) 13,877 16,134 (27,069) 231,025 (228,083) 2,942 Restricted funds Restricted - Childcare Safe Steps Beach Wheelchairs Defibrillator - Restricted Bridge 400 66,961 (66,961) (1,656) (2,922) (393) (22,756) (1,656) (2,922) (393) 7,291 30,047 97,008 (94,688) 2,320 TOTAL FUNDS 328,033 (322,771) 5,262 Page 17 continued..
BERWICK-UPON-TWEED COMMUNITY DEVELOPMENT TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024 17. MOVEMENT IN FUNDS- continued Comparatives for movement in funds Net movement in funds At 31.12.23 At 1.1.23 Unrestricted funds General fund Food bank - Designated Core Legacy - Designated Repairs fund - designated 929,189 16,054 164,837 10,000 9,684 9,788 (12,706) 938,873 25.842 152,131 10,000 1,120,080 6,766 1,126,846 Restricted funds Young Carer's scheme Three Fields Resident A55 Safe Steps NCC Communities Together William Elder Tourism Project Beach Wheelchairs Defibrillator - Reslricted 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 2,109 690 329,261 (10,499) 318,762 TOTAL FUNDS 1,449,341 (3,733) 1,445,608 Comparative net movement in funds, included in the above are a5 follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund Food bank - Designated Core Legacy- D¢signated 190,893 33,102 (181,209) (23,314) (12,706) 9,684 9,788 (12,706) 223,995 (217,229) 6,766 Restricted lunds Restricted Childcare Young Carer's 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) (410) (5,210) (296) (4,047) (1,244} (392) 690 9,375 I,ioo 199,506 (210,005) (10,499) TOTAL FUNDS 423,501 (427,234) (3,733) Page 18 continued...
BERWICK-UPON-TWEED COMMUNITY DEVELOPMII NT TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THI YEI AR ENDED 31 DECEMBER 2024 18. OTHER FINANCIAL COMMITMENTS Held within general funds are balances on donations and grants which were received and, although not restricted, were ringfenced for specific expenses, these expenses had not been incurred by the year end. At the year end this amount was £1,875 from the Town Council to promote tourism in the area. 19. RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 31 December 2024. Page 19
BERWICK-UPON-TWEED COMMUNITY DEVELOPMENT TRUST LIMITED DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THI YEAR ENDED 31 DECEMBER 2024 31112124 Total funds 31112123 Total funds Unrestricted funds Restricted funds INCOME AND ENDOWMENTS Donations and legacies Donations Gift aid Grants Commission on sales as donations 31,475 1,726 53,639 16,367 47,842 1,726 66,138 53,379 12,499 57,076 60 86,840 28,866 115,706 110,515 Other trading activities Event income Rents and services Casual room hire 1,180 1,180 31,213 31,920 31,213 31,920 44,98 I 25,758 63,133 1,180 64,313 70,739 Investment income Commercial rents received Deposit account interest 44,434 26,129 44,434 26,129 13,688 26,340 70,563 70,563 40,028 Charitable activities Childcare services 10,489 66,962 77,451 202,219 Total incoming resource5 231,025 97,008 328,033 423,501 EXPENDITURE Investment management costs Propety repairs Property insurance Costs of letting Bad debts 7,713 8,664 336 1,307 7,713 8,664 336 1,307 4,714 1,484 688 18,020 18,020 6,886 Charitable activities Wages Social security Pensions Rent, rates and water Insurance Light and heat Carried fonvard 115,870 4,150 2,858 18,101 4,496 4,120 149,595 52,214 4,067 1,566 168,084 8,217 4,424 18,101 5,212 4,120 208,158 277.122 14,411 8,000 17,459 4,640 4,830 326,462 716 58,563 This page does not form part of the slalutory financial statements Page 20
BIRWICK-UPON-TWEED COMMUNITY DEVELOPMENT TRUST LIMITED DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEIMBER2024 31112124 Total funds 31112123 Total funds Unrestricled funds Restricted funds Charitable activilies Brought forward Telephone Postage and stationery Sundries Equipment repairs and renewals Computer and IT costs Siaff Training Travel cost5 Promotional activities Food bank purchases Special event costs Profe55ional fees Bank charges Property repairs Property insurance Donations made Plant and machinery Computer equipment 149,595 2,982 1,186 4,223 1,303 2,022 24 459 400 2,084 58,563 138 110 226 158 208,158 3,120 1,296 4,449 1,461 2,022 1,680 592 3,324 2,084 19,422 13,977 445 4,554 1,928 26,069 4,446 2,490 326,462 2,771 741 5,739 917 1,141 562 121 170 3,013 1,656 133 2,924 19,422 9,114 4,863 445 4,554 1,928 26,069 2,202 2,490 17,235 934 27,260 7,017 17,194 3,023 2,494 2,244 206,829 94,688 301,517 416,794 Support cost5 Governance costs Accountancy and legal fees 3,234 3,234 3,554 Total resources expended 228,083 94.688 322,771 427,234 Net expenditure 2,942 2,320 5,262 (3,733) This page does not fonn part of the statutory financial statements Page21