2021-03-31-accounts - Berwick Youth Project

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Executive Committee	Mr S. Weightman
	Mr G. Scott
	Mr S. Clough (Treasurer)
	Mrs K. Strachan
	Mr K. Smith
	Canon C. Smith (Chairman)
	Mr A. Manley (Resigned 24 July 2020)
	CllrA. Forbes (Resigned 12 July 2021)
	Mr S. Landels (Vice-chairman)
	Mr A. Baker (Secretary)
	Cllr C. Bruce (Appointed 12 July 2021)
	Sgt D. Budge (Appointed 12 July 2021)
	Mr S. Gibson (Appointed 12 July 2021)
	Mrs A. Williams (Appointed 12 July 2021)
Charity number	1166598
Principal address	10 Golden Square
	Berwick-upon-Tweed
	TD151BG
Independent examiner	Colin Frame CA
	17Walkergate
	Berwick-upon-Tweed
	Northumberland
	TD151DJ
Bankers	Bank of Scotland
	61 Hide Hill (Berwick Branch)
	Berwick upon Tweed
	Northumberland
	TD151EN
Solicitors	T.C. Smith
	9 Church Street
	Berwick upon Tweed
	Northumberland
	TD151EF
Investment advisors	Brewin Dolphin
	Apollo House
	Eboracum Way
	York
	Y031 7RE

	Page
Trustees' report	1 -6
Independent examiner's report	7
Statement of financial activities	8-9
Balance sheet	10
Notes to the financial statements	11 -24

Current financial year
		Unrestricted Unrestricted		Restricted	Total	Total
		funds funds funds
		general designated
		2021 2021 2021			2021	2020
	Notes £ £ £				£	£
Income from:
Grants and donations	3	82,460		141,309	223,769	102,134
Charitable activities	4	30,160			30,160	52,774
Other trading activities	5	6,634		15,038	21,672	83,731
Investments	6	7,625			7,625	9,160
Total income		126,879		156,347 283,226		247,799
Expenditure on:
Raising funds	7	2,191			2,191	2,650
Charitable activities	8 108,838		18,708 155,829		283,375	277,713
Other	11 1,021				1,021
Total resources expended		112,050 18,708 155,829 286,587				280,363
Net gains/(losses) on investments	12	34,410			34,410	(17,584)
Net movement in funds		49,239	(18,708)	518	31,049 (50,148)
Fund balances at 1 April 2020		98,924	897,475	4,501 1,000,900 1,051,048
Fund balances at 31 March 2021		148,163	878,767	5,019 1,031,949 1,000,900

Prior financial year
		Unrestricted Unrestricted Restricted			Total
		funds funds funds
		general designated
		2020 2020		2020	2020
	Notes		£ £ £		£
Income from:
Grants and donations	3	35,824		66,310	102,134
Charitable activities	4	52,774			52,774
Other trading activities	5	53,000		30,731	83,731
Investments	6	9,160			9,160
Total income		150,758		97,041	247,799
Expenditure on:
Raising funds	7	2,650			2,650
Charitable activities	8	157,844	18,708 101,161		277,713
Total resources expended		160,494	18,708 101,161		280,363
Net gains/(losses) on investments	12	(17,584)			(17,584)
Net movement in funds		(27,320)	(18,708)	(4,120) (50,148)
Fund balances at 1 April 2019		126,244	916,183	8,621 1,051,048
Fund balances at 31 March 2020		98,924 897,475		4,501 1,000,900

		2021	2021	2020	2020
	Notes	£	£	£	£
Fixed assets
Tangible assets	13		692,242		714,403
Investments	14		235,732		231,069
			927,974		945,472
Current assets
Stocks	16	100		100
Debtors	17	13,129		25,504
Cash at bank and in hand		124,751		43,950
		137,980		69,554
Creditors: amounts falling due within
one year	19	(34,005)		(14,126)
Net current assets			103,975		55,428
Total assets less current liabilities			1,031,949		1,000,900
Income funds
Restricted funds	21		5,019		4,501
Unrestricted funds
Designated funds	22	878,767		897,475
General unrestricted funds		148,163		98,924
			1,026,930		996,399
			1,031,949		1,000,900

Direct	Management	Costs of
Charitable	and	Generating
Expenditure	Administration	Funds
Project Manager's Salary 70%	20%	10%
General Purpose Property Costs 50%	50%
Accommodation Project Property Costs 50%	50%
Postage, Stationery, Advertising and Telephone Costs 70%	20%	10%
Administration Costs 75%	25%

		Unrestricted Restricted Total Total	Unrestricted Restricted Total Total	Unrestricted Restricted Total Total	Unrestricted Restricted Total Total
		funds	funds	2021	2020
		£ £		£	£
Donations	and gifts	14,352	141,309	155,661	102,134
COVID-19	support grants	68,108		68,108
		82,460	141,309	223,769	102,134

	2021	2020
	£	£
Charitable rental income: Rent and housing benefits	29,970	52,682
Tuck shop takings	190	92
	30,160	52,774

		Unrestricted Restricted	Total	Total
		funds funds	2021	2020
		general£ £	£	£
	Trading activity income: Service level agreement	6,634 15,038	21,672	83,731
6	Investments

	2021	2020
	£	£
Income from listed investments	7,623	9,145
Interest receivable	2	15
	7,625	9,160

	2021	2020
	£	£
Investment management costs	2,191	2,650
	2,191	2,650

	Direct Governance Costs of Total	Direct Governance Costs of Total	Direct Governance Costs of Total	Direct Governance Costs of Total	Total
	charitable costs generating 2021				2020
	expenditure funds
	£ £ £ £				£
Staff costs	149,586	9,313	4,656	163,555	170,552
Depreciation and impairment	23,727			23,727	24,554
Postage, stationery, telephone and
advertising	6,047	1,728	864	8,639	8,053
Sundry expenses	118	39		157	155
Property costs	14,851	14,851		29,702	44,874
Activities and events	13,782			13,782	1,871
Motor expenses	5,354			5,354	8,974
Volunteer expenses	942			942	560
Training and travel expenses	5,693			5,693	7,047
Furnishings, linen and kitchenware	866			866	1,747
Professional fees		1,500		1,500	3,460
Accountancy fee		3,600		3,600	3,600
Publications and subscriptions	1,232			1,232	1,586
Bank charges					30
Community Centre expenses	24,626			24,626	650
	246,824	31,031	5,520 283,375		277,713
	246,824	31,031	5,520 283,375		277,713
Analysis by fund
Unrestricted funds - general	88,848	19,990		108,838
Unrestricted funds - designated	18,708			18,708
Restricted funds	139,268	11,041	5,520	155,829
	246,824	31,031	5,520 283,375
For the year ended 31 March 2020
Unrestricted funds - general	128,278	29,566			157,844
Unrestricted funds - designated	18,708				18,708
Restricted funds	84,791	10,913	5,457		101,161
	231,777	40,479	5,457		277,713

	2021	2020
	Number	Number
Full time employees	4	4
Part time employees	3	4
	7	8
Employment costs	2021	2020
	£	£
Wages and salaries	147,196	153,849
Social security costs	10,089	10,609
Other pension costs	6,270	6,094
	163,555	170,552

	Unrestricted Unrestricted
	funds funds
	general general
	2021 2020
Net loss on disposal of tangible fixed assets	1,021

	2021	2020
	£	£
Revaluation of investments	32,864	(11,898)
Gain/(loss) on sale of investments	1,546	(5,686)
	34,410	(17,584)

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	Listed
	investments
	£
Cost or valuation
At 1 April 2020	231,069
Additions in year	23,370
Valuation changes	34,410
Disposals	(53,117)
At 31 March 2021	235,732
Carrying amount
At 31 March 2021	235,732
At 31 March 2020	231,069

15	Financial instruments	2021	2020
		£	£
	Carrying amount of financial assets
	Instruments measured at fair value through profit or loss	235,732	231,069
16	Stocks
		2021	2020
		£	£
	Finished goods and goods for resale	100	100

17	Debtors
			2021	2020
	Amounts falling due within one year:		£	£
	Trade debtors			12,695
	Prepayments and accrued income		13,129	12,809
			13,129	25,504
18	Loans and overdrafts
			2021	2020
			£	£
	Bank overdrafts			1,611
	Payable within one year			1,611
19	Creditors: amounts falling due within one year
			2021	2020
		Notes	£	£
	Bank overdrafts	18		1,611
	Deferred income	20	29,730	10,000
	Other creditors		2,810	1,050
	Accruals and deferred income		1,465	1,465
			34,005	14,126
20	Deferred income
			2021	2020
			£	£
	Other deferred income		29,730	10,000
	Deferred income is made up as follows:
			£	£
	Ballinger Trust			10,000
	E.G. Graham Charitable Trust		10,000
	Northumberland Children's Trust		10,000
	National Lottery Awards for All		9,730
			29,730	10,000

	Movement in funds Movement in funds
	Balance at Incoming Resources Balance at Incoming Resources Balance at 1 April 2019 resources expended 1 April 2020 resources expended 31 March 2021
	£££££££
General
Purpose
Fund	8,621 97,041 (101,161) 4,501 156,347 (155,829) 5,019

	Balance at Resources Balance at	Resources	Balance at
	1 April 2019 expended 1 April 2020 expended 31 March 2021
	£ £ £ ££
Property Fund	716,183 (18,708) 697,475	(18,708)	678,767
Community Centre	200,000 200,000		200,000
	916,183 (18,708) 897,475	(18,708)	878,767

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	2021	2020
	£	£
Aggregate compensation	99,764	102,912

	2021	2020
BBC Children in Need	£39,840	£39,165
Northumberland Children's Trust	£10,000	£22,000
Ballinger Trust	£10,000	£15,000
Corn Foundation: F.B. & P.F.B. Lough Fund	£10,000	£10,000
Corn Foundation: Linden Family Fund	£Nil	£7,145
National Lottery Community Fund	£37,525	£Nil
Homeless Link	£25,000	£Nil
Virgin Money Foundation	£9,504	£Nil
NCC Youth Work Fund	£5,000	£Nil

£	2021 £	£	2020£
Donations and legacies
Unrestricted: Grants and donations 14,352		35,824
Unrestricted: NCC COVID-19 Business support
grant 25,000
Unrestricted: HMRC Job retention scheme
income 43,108
Restricted: Grants and donations 141 ,309		66,310
	223,769		102,134
Other trading activities
Unrestricted: NCC Accommodation framework 6,634		53,000
Restricted: Wooler Youth Association 1 5,038		30,731
	21,672		83,731
Investment income
Unrestricted: Investment portfolio income 7,623		9,145
Unrestricted: Bank interest 2		15
	7,625		9,160
Incoming resources from charitable activities
Unrestricted: Rents and housing benefits 29,970		52,682
Unrestricted: Tuck shop takings 1 90		92
	30,160		52,774
Total incoming resources	283,226		247,799
Resources expended
Costs of generating funds
Investment management costs
Unrestricted: Investment management costs	(2,191)		(2,650)
Balance Carried Forward	281,035		245,149

		2021		2020
	£	£	£	£
Balance Brought Forward		281,035		245,149
Charitable activities
Direct charitable expenditure
Unrestricted: Salaries	33,909		80,823
Unrestricted: Depreciation	2,949		3,976
Unrestricted: Postage, stationery, telephone and
advertising	3,547		5,636
Unrestricted: Sundry expenses	118		116
Unrestricted: Property costs	12,047		15,292
Unrestricted: Activities and events	1,521		1,871
Unrestricted: Motor expenses	5,354		8,974
Unrestricted: Volunteers' expenses	942		560
Unrestricted: Training expenses	1,737		7,047
Unrestricted: Furnishings, linen and kitchenware	866		1,747
Unrestricted: Publications and subscriptions	1,232		1,586
Unrestricted: Community centre expenses	24,626		650
Designated: Depreciation	18,708		18,708
Restricted: Salaries	115,677		75,776
Restricted: Depreciation	2,070		1,870
Restricted: Postage, stationery, telephone and
advertising	2,500
Restricted: Property costs	2,804		7,145
Restricted: Activities and events	12,261
Restricted: Training expenses	3,956
		(246,824)		(231,777)
Governance costs
Unrestricted: Sundry expenses	39		39
Unrestricted: Property costs	14,851		22,437
Unrestricted: Professional fees	1,500		3,460
Unrestricted: Accountancy	3,600		3,600
Unrestricted: Bank charges			30
Restricted: Salaries	9,313		9,302
Restricted: Postage, stationery, telephone and
advertising	1,728		1,611
		(31,031)		(40,479)
Balance Carried Forward		3,180		(27,107)

		2021		2020
	£	£	£	£
Balance Brought Forward		3,180		(27,107)
Costs of generating funds
Restricted: Salaries	4,656		4,651
Restricted: Postage, stationery, telephone and
advertising	864		806
		(5,520)		(5,457)
Other resources expended
Unrestricted: Loss on disposal of tangible fixed
assets	1,021
Net movement on investments
Unrestricted: Revaluation gain / (loss) on
investments	32,864		(11,898)
Unrestricted: Gain / (loss) on sale of investments	1,546		(5,686)
		34,410		(17,584)
Surplus/(Deficit) for the Year		31,049		(50,148)