Charlty rèyistration number 1166598 BERWICK YOUTH PROJECT ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
BERWICK YOUTH PROJECT LEGALAND ADMINISTRATIVE INFORMATION Executive Commiit•e Mr S. Weightman MBE Mr G. Scotl Mr S. Clough (Treasurer) Mrs K. Str8dfi Mr K. Smith Canon C. Smith Mr S. Landels (Chairl MrA. Baker (Secretaryl Sgt D. Budge Mr S. Gibson MrsA. Williams Cllr G. Brown Charity number 1166598 Prlnclpal address 10 Golden Squarè Beiwick-Ltpon-Tweed TD15 1BG Independent exomlner Colin Frame CA 17 Walkergate BeFwick-upon-Twè¢d Northumbedand TDIS 1DJ Bankers Bank of Scotland 61 Hide Hill (Bemck Branth Beiwick uptsn Tweed Northumberfand TD15 1EN Sollcltors T.C. Smith 9 Church Slre¢l Betwick upon Tweed Northumberfand TD15 1EF Investment advlsors Brewin Dolphin Apollo House El)oracum Way York Y0317RE
BERWICK YOUTH PROJECT CONTENTS Pag• TTtJslees' feport Independent ex8mln6fs report Statement of finan¢i81 activities Balance sheet 10 Notes to the finand81 slalements
BERWICK YOUTH PROJECT TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Exec#Jtive Committee present their report and finanaal StateEntS for the year ended 31 March 2024. Th8 financial statements have been prepared In 8ewrdar with the 8¢counting polides set OLrt in note 1 to the rinancial statèments and comply with the Project's Conslilution. the Ch8ri1ies A¢t 2011 8nd 'Accounlin9 and Reporting by Charilies.. SlalemenÉ of Recommended Practice applicable lo thaiities PTeparing their OUnt in acmrdance wlh the Financial Reporting Standard applicable in the UK and R8publi¢ of Ireland {FRS 1021 (effective 1 January 20191.. Objectlves and Actlvlttos Berwick Ywth Project (the Project's} objects for which it was set up are.. The advancement of Èducation lor the public benefit in particular those young persons between the ages of 13 to 25 years. by providing advlcè and guidance upon questions of housing, social wellare benefits. homelessness, unemployment and olhèr related tL¥PiCS'. The prolection and PreSea.0n of the good htralth of young pe¥sons who are or have beèn the victlms of sexual or drug abuses by the provision of advice 8nd 8 counselling and support sèrvicè., Thtr provtSh)n of short term accommodation and support for young people aged 16 10 25 in housing need,. and The provision of soaal education and cultural opportunities for young peoe which may include overseas opportunities. The Vision Statsment Thè fuThJamental purpose of the Proied ts 10 oSSl$t those yOLtng wopfe who a struggling in life to achieve their full polentsal. The Project offers Ihls 8sdstan(* in several ways.. We provide an Infomialion and Support Proje¢l from OUT pMiseS in Benmick town centre. It is open for 37 hours each week, and staffed by eXperiend workers indudin9 tratned volurFleeis. We offeT access lo infomats'on on many topics pertinent lo young people's lives, such as housing, drug and alcohol, sexual relationships. employment and training. Practical help is also on offer lo complete form5. make telephone contacts and so on. The Project has an approprialely qualified Counsellor lo help support young people with therape4Jtic interventions. In addition, we can provide essential sk¥lls training to improve lrteracy and numeracy. Through our Telationships with other partners, we can otrer access to funding sourees and opportunities for challenging experiences at home and abroad. The Beehive you9 People's Cafè is open on iwo &v¢ning$ and one day each week. providing a safe environment for young people to meet in a popular location. This venue offers a base lor our Youth Work team, and enable5 many young people lo awss the range of opportunlli&s on offer. Theso indude holiday programrnes, trip5 and outdoor activit5. Our Supported AccKJmmodation project provides young people with the opportunity lo live independenuy for th8 first time. Our first floor housing in Golden Square 15 well maintsined and furntshed, and we offer housing and support to 16 to 25 year olds who are in housing need. often because of farnily breakdown or where they experience particular geographical disadvantage. Our current caparily is six young residents. with daytime on-site support and 24n emergency support available. We provide support to students with additional leaming needs through a partnership with Berwick Atsdemy. Wlh funding support from the Academy, we can provide an alternative uJrrioJlum designed to prepare young petse with the pra¢li¢al, trmotional and vocational sk>lls that a mainstream programme would struggle lo deliver. The Trustees IExecutNe Gomrnilleel have paid due regard to guidartce issued by tho Charity Commission in deading what activities the PrOt should undertake.
BERWICK YOUTH PROJECT TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 A¢hl¢v¢ments and Perfomiance Berwd( Youth Project ntinueS lo provmle a skilled. ae¢esslble and effective helping service for young people in North Northumberland. Issues thal we had started lo see pre-COVID have in our ow'nion been exarbated by the pandemi¢. and we're seeing increasing number5 ol young people struggling to deal with the challenges presented by everyday life and a lack of emotion81 resilience adIng to problems at home, s¢hcrtY ar work. During the 18$t 12 month5. 201 young people accessed our Information. Advice and Support Servi. with 62 reeeiving intensive support (that is, a longer period of eng3gement addressing significant and potentially harmful feelings, 8ttiludes and s((uationsl over a total of 695 sessions An average of 12 sessions per service user is, we feel, an indicator of the inveslment we make in those young people who have most to gain from our provision, 8fKI we don't place an arbitrary limit on their needs. An add'Onal 55 Indtvidual's accessed group provision. either foT SPÈfAfic one-off evenls or more regular provision $ueh as the Community Crew. The Communily Crew w8$ 18un¢hed in May 2021 to bring together several indNiduals who were desperalety missing contact with thèir peers, and we could do this in a safe, $LPPOrtive environment. This group now numbers over 50, and in addition to meeting fv4ice weekly also fom the comer51one of our group holiday actNities. A particular development has been in mountain biknng, where we've now grown a keen group of young bikers supported by qualified volunteer coaches. This has also attracted some $upport frorn other organisations, and we received a donation of nlne ex-rental bikes from Alpine Bikes which n¢>w form part of 3 repair and maintenance project. During this period. we have dirÉctly accommodated 4 young people for 95 weeks whi¢h is down on18s1 year (last year was 91. Of those 4 young people, are still in supported a¢commodatron. bolh of which are due lo move on in the very near future, one has already been offered move accommodation via Our partnership with Karbon Homes and is currently awaiting handover once repairs have been completed. The other has obtained priority banding (via our arrangelnent wilh our choice based leiting seN1) and 1$ aJrr¥nlly first on the list for the latest property listing., the Iwo other residents who left our accommodation. one moved back into the parental horne and the other obtained 8 permanent foster placement. The four young people who obtained move ofi tenancies via our service in the lasl reporting period are sfjll sueLessfully Sustaining their own tenanaes and have been signed over lo full tenancies. Relerrals have rem8lned stati¢'. this year we have had 22 referrals, whith is slightly up on lasl year IwhKh was 201. Of the 22 refetrals, 3 have been accommodated at BYP, 11 failed lo attend or deryded not lo pursue their application. S lourtrd alternative accomrnodation, 1 had too higher needs and 2 were in need of housing advi and over 25. The majority continue to be self-Teferrals 1131, but they do also indude Teferrals from ernployers. soaal $8rvices from Scottish Borders area, Jobcentres, homeless officers and other projects. Occupancy rates have varied #v•ra9ing 310A. however al the end of the year we are now bath lo 86Vo. which 1$ exactly the same as it was at the end of last year We ntinue to be an AQA registered centre. As co-ordinator for Ihls progr8mme. we have quality assured and submitted 60 units which have been successfulty accredited. This mearis that 10 students have received AQA qualifi(%tions via our service. with iesidents obtaining 13 qualifications and 6 other sludents 1Ving 47 qualifi<3tions. Residents in SLtrPPOrted accommodation continue lo attend both fomMI and informal lifé skill SeSSK)ns and accnunt for 13 of the 60 certffic8tes athieved. Employrnent remains a focus lor all residents, thosa who are t)ol in work are activety encouraged to seek work OT volunteer positions. At this point in time 500A of oui resldents are in employment, wilh anothér one awasting a college start date in Septemb8r. E3lr8ngemenl f¥om families continues to be the maTn rèason young people apply for supported accommodation. the majority of residents this year have been due lo rel81ionship bakdown8 with parents. Two ol our four reshlenls were only aged 16, with no gxptrii¢n¢e of living Independently. All of our residents had no experience ol living on their own and have very Ikttle outside SUKVQrt. Much ol our support is based around gaining practical experien of managing a tenancy, bixjgeting MY lo meet househo costs, daiming appropriate benefits, practical registrations at GP and dentisl. r89lStering on choice based letting sites and ensuring they have CV and ID in readiness for work. Thls is in addition lo prtr tenancy training accredited by AQA.
BERWICK YOUTH PROJECT TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achievgments and Perforniance contlnued This period continues lo be Challenging due to a staff vacancy in housing and ihe introduclK¢n of Ofsted registration. Registrats'on 8ppears tr) lack consideration of smaller providers with no reduction 1 51iding scales being apparent in their $ubstsn1181 f¢tr ral&$. Ofsted regIStratn is a mandatory requirement lo be accepted as an approved local authority provider for 16- 8nd 17-yèar-olds. However, we've kken the option not to be commissioned service at this lime which may be a lactor tn the {eded number of residents in this peri¢xl. In September 2021 wè started a new inatiVe with Berwick Academy, offering an altematwe curriculum to srx Sixth Forni students with specific leaming Fequirèments. This has worked very well indeed and led to our Toolbox Project.. which ran from Aprll 2022 to March 2023 wth funding from the North of Tyne Combined Authority and the Madeline K¢nlen Fund. and we'vg ¢ontinued to offer elements of the programme without any specific funding allocation. We'd really like to acknowledge and thank those fvjnders who continued to SLSPPOrt us, particularty BBC Children in Need, the Northumberfand Childrèn's Trust, the Ballinger Trust. the FB and PFB Lough Fund. the EC Graham Charitable Trust, the National Lottery Community Fund, Bernici3. Wellesley, North of Tyne VCSE, Beick Rotary Club and several smaller donations administered by the Community Foundation, induding the Northem Angel Fund. Finan¢ial R¢vlew The Unrestricted General Fund recorded a deficit of£80,503 at 31 M8r¢h 202412023.. £3,192 defjcitl. During the year, the Project has again been succes$fvl in maintsining and developing existing a¢tivities. The lo resources expended during the year totalled £296,039 {2023' £305.5041. The balance ol free funds at 31 March 2024 was £122,338 {2023'. £202,841). Tl¥e Unrestricted Designated Fund b8lanGe represents the value of the Project's Land and Buildings together with the CorHrnunity Centre I Supported Aw)mmodation resee, totalling £822,643 12023.. £841.3511. The Restricted Fund tolalled £43.016 {2023'. £51,97018nd consists of donaliong and grants received for specific purposes and related expenditure. Reserves Policy The Exeojlive Committee hav¢ vieWed the Projecfs reserves. This review considered the nature of the income and expenditure streams. the need to maleh variable income with fixed commitments and ihe nature of the reserves. The Exeujb've Committee considers that the reserves held, together with fijndlng arran9ement$ will allow the Project to fully meet its objects in the short lo medium tem. Inve$trtnt Pollcy Investments are professionalty managed by Brewin Dolphin, who provide lo and acl on the instructic¢ns of the Project's Executive Committee. Investrnenl objediv*s as prescribed to Bfewin Dolphin are to achieve an incorne return with cautious risk. Wrth this in mind. Brewn Dolphln have categorised the Youth Project as wishing to retain a degree of safety in their investment strategy but are al$0 looking for a higher rale of investment return than that associated wilh being 'income dependent,. In doing $0, they a¢pt that the value ol theii investments and the income from them, are not guaranteed and will ri$& and fall to 8 9at¢r extent than with an 'income dependent. portfolio. As much as half of the return 15 expected lo be delivered from fixed int¢rest invèstm¥nts. the yièlds from which are morè predictable than caprtal appreryalion from equity rnarkels. The invèstment portfolio is therefore comprised of a large proportion of British Govemrnenl securitres (Gitts) or bonds issued by other secufe supranational organisations such as the European Investment Bank. as well as other inctsme producing investments, such as corporale bonds and Preferen shares. These inveslments cotjld form approxim8tety one third to a haw of the portfolio. The remaining eXp0sre is expeded to be achieved via diversified investments such as fLtnds, index trackers and other Collective Investment Schemes. The portrolio may incorporate an allotslion to direct $hares of larger companies which Brewtn Dolphin believe have sustainae dividend yields.
BERWICK YOUTH PROJECT TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Rlsk Management The Executive Committeè havè cor>ducted a review of the major risk$ lo whid) the Project is exFX)sed and recognise the importance of. and their responsibility for. risk management. They ar¢ aryordingly devel1n9 a system for regula¥ review lo miligale the risks identified. Publle B¢nofrt In considering the operalion, achievements 8nd performance and finances of the Project, the Executive Committee are salisfjed that public benefrt has beon provided in accordance with the Charities Aci 2011 and guidance issued by the Charily Commission. Future Plans Regrettably we came to the o)n¢lusion that our project to develop the fomier Community Contre in P8la¢e Street, Bemick was not going to be viable. Having acquired Ihe Grade Two listed building in May 2020 after a five year applicatitsn proces5. we embafked on a major clean-up oper8lion and subrnitted an application for Planning Consent 3nd Listed Building Consent in July 2021. W6 eventually obtained those wnsenls in March 2023 bLtI the delays had been costly, with inflation doubling the likely development c05110 over £1.6 milln and several olfers of fvnding expiring due lo being time-limtied. The Executive Committee decided that it was nol in the PleCt,8 best interests to keep pursuing this. and the building was placed on the mathet ir7 e8rty 2024. Al the brne of writing an acceptable bid had be8n reGenied an¢J the sale is progres$lng. The Pioioct 1$ keepirfj an open mind as to ftrtU growth of Supwrt AMMOdatIon. with rnt charoes to provision for 16- arHJ 17-year-old's and Olsled registration havin9 as yel an unknown impact. The Project is also ne9Otiating a lease agreement on a woodland area close lo Screrlleiston, with a view to creating a mountain bike track for local young people to use salely. These disetjssions eommfyn(d in 2021 but were derailed by Stom Arwert, whith decwnated the woodland and necessitsted an 8Xt8nsivè op81¥lion lo make ihe area safe. Currently our property at Golden Square Ss in very good order, benefrtling from significant decoration and maifttenaneE projects over the lasl two years. Aftèr a long wail, we also look delvery of a new minibus, having been ordered thanks to a grant from the OCMS Youth 14westment Fund in February 2022. Following an Independenl energy assessment the Project is also looking at a number of capital Improvements lo our property at Goldèn Square lo reduce its carbon footprint and energy cosis. Structure. Gov*man¢e and Management The Project is administered and managed in accoTdance with rts Constitution adopted on 19 April 2016 and is regiSted as a Chantal0 Incorporated Organisalion with the Charity Commission Ichatlty Number. 1166598). Trustees The Executive Commrttee who wved during Ihe year were.. Mrs. Weighlrnan MBE MrG. Scott Mr S. Clough ITreasurgrl Mrs K. Strachan Mr K. Smilh Canon C. Smith Mr S. L8ndels (Chairl MrA. Baker Isecretsryl Sgl D. Budge Mr S. Glbson Mrs A. Williams Cllr G. Brown
BERWICK YOUTH PROJECT TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Management of thg Project The Projed is managed by the rnembers of the Executive Committee. The members oflh8 Exècutiv8 C¢)mmitle8. presenting interested bodies, are elected annually and fall within the dofinition of Twslees under the Charitie$ Act. The Exec#Jtive Cornmitlee who Seed dunng the year are listed above and under th8 Project's Legal and Administrative Infomialion. The Project Manager (John Bell), a nonknvoting committee member, is responsible for Ihe day to day management of the Project, in his 30th year and is accountable lo the Executive Gommittee. The Project Managef is respctnsible for all employees and volunteers. The Executive Committee of the Project meet on a quarterly basis, and the Projed Manager prowdes activity and financial reports to these meetings. The Executive Cornmitlee include independent member$ of the cornmunity and interested bodies. Executive Committee members are required lo declare their eligibility to fu11 the legal responsibilits of the role, and induction training and appropriate documentation 1$ offered lo new members. Currently ts¥o Team Leaders Manage different elements of the Proj8cV$ actwities, being,. Information and Support (Debra Jerdanl and Supported Housing lJad(ie Watsonl. both of whom have over 20 years of service. Cordelia Scott rentlY completed her Psythology Degree and leads on Alternative Education provision. Training on relevant management and supervisory issues is provided, and a system of staff appraisal and regular supervision is in pla. Employee$ and Volurtsrs We woukl like lo extend our SInre thanks to all ihat have supwirted the Project. but in partiujlar the many organisalions who have genèrously dor¥8ted to ttur work. lo our stsff and volunteers for their skill and dedicatson, to Northurnberland County Counol for their 8dmintslralion of OLtr payroll, lo Greaves West and Ayre for their accounting support and advice, lo our Executive Cornrnittee for represénting the Project in th& wider community and to all the local retailers for the Sup of goods at discounted Prices. Statement of Trustees. Responsibilities The Executive Committee are responsible for Fxeparing the Trustees. Report and the financial statements In accordance with applicable law and United Kingdom Accourrting St8ndards {Uniled Kingdom Generally A¢¢epted Accounting Practice). The law applicable to charit¢es in England and Wales requires Ihe Executive Cornmittee lo prepare financial statèménts for each financial year which give a true and fair view of the slate of affairs of the Project and of the inex)ming resources and application ol resources of the Project for that year. lft preparing these financial statements, the Executive Committee are fequired to.. sefect suitable arUntIng policit$ and then apply th?m eonsistèntly.. observe the rnelhods and printyples in the Charities SORP,. make judgements and estimates that aré reasonable and prudent.. state whether applicable accounting slandards have been followed, subject to any material departures disclosed and explained in the financ4al stalements-, and prepare the financial statements on the going cnCern basis unless it is inappropriate to Presume that the charity wlll continue in operation. The ExeeAJtsve Committee are raspjnsible for keeping sufficient accounting records Ihat disclose with reasonable accuracy at any tirne the finanual position of the Project ar¥J enable them to ensure that the finanaal statements comply with the Charrti¢s Act 2011, the Charity IAc¢ounls and Reports) Regulations 2008 and the provions of the trust deed. They are also responsible for safeguardin9 the 85$el$ of th Proio¢t and henc& for tsking reasonable steps for the preventK*n and detection of fraud and other irregulanties.
BERWICK YOUTH PROJECT TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The trus¢ees' Teport was approved by the Board of EXle C¢mmittee. Mr S. Clough ITr•asurerl Trustee Dated.. 21 October 2024 Mr S. Lando18 lchalrl Trustee Dated." 21 October 2024
BERWICK YOUTH PROJECT INDEPENDENT EXAMINER'S REPORT TO THE EXECUTIVE COMMITTEE OF BERWICK YOUTH PROJECT I feport to the Execjjtive Comrnittee on my examination ol the financlal stslements of Be1(* Youth Project Ilhe Pl0CtI for the year ended 31 March 2024. Respon3ibilltles and basls of report As thè Executive Committee of the Project you are responsible for the preparaliLX) of the finanaal Statements in acrdanCe with the requirements of the Charilies Aci 2011 {Ihe 2011 Act). I report in respect of my examinatlon of the Project's financial statements ca¥ried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commlsslon under section 145(5llbl of the 2011 Act. Indèpendent examSner's statement I have completed rny examination. l ¢onfim Ihal no matters have come to my attention in connectlon wlth Ihe axaminatiori 9ivin9 me cause lo believe that in any material respect". accounting lerdS were ntsl ktrpl in respect of the Project as required by seclion 130 of the 2011 Act,. or Ihe finanaal slatements do not accord with ihose records,. or the financial statements do not comply with the app14C8ble requirements conceming the form and content of accounts sel out in the Charities (Accoun18 and Reports) Regulations 2008 other than 8ny rèquirement that the a¢counts giv$ a true and lair view which is not a matter considered a5 Part ol an independent examination. I have no ¢oncems at)d hav¢ come across no other matters in cAJnnection with the exarnination to which attention thould ba drawn in Ihis report in order to enable a proper understsnding of the arxounls to be reathed. Colln Frame CA 17 Walkergale Berwik-upon-Tweed Northumbgdand TD15 1DJ Dated.. 21 October 2024
BERWICK YOUTH PROJECT STATEMENT OF FINANCIAL ACTIV5TIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Current financlal year Unrestrlcted Unrestrlctèd R¢$trlcted funds funds fund$ general d¢$lgnated 2024 2024 Total Total 2024 2024 2023 Notes Grants and donatj'ons Charttable activrties Other trading activities Inve$lmenls 51,1S6 36,713 96,100 147.296 36.713 199.471 57.548 17.451 7.834 7,667 7.867 Total 5ncome 9S.576 96.100 191.676 282,304 Ex nditure on: Raising funds 2.084 2.219 Chatitsble aclNitiès 170,193 18,708 105.054 293.955 303,285 Total resources expended 372,277 18.706 105,054 296,039 305,504 Nel gainO$Ses) on investments 13 {3,802} (3,802} (23.1431 Not mov•m•nt in funds (80,5031 118.7081 {8.9541 1108,165} {46.3431 Fund balances a11 April 2023 202,841 841,351 51,970 1.096,162 1.142,505 Fund balances at 31 March 2024 122.338 822,643 43,016 987,997 1.096.162 The st*ement of financial activit$ in¢lyde¥ all gains and losses recognised It) the year. All income and expendlture d¢rives from continuing acb'vities.
BERWICK YOUTH PROJECT STATEMENT OF FINANCIALACTIVITIES {CONTINUED INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Prior financial year Unrestricted Unrestrlcted Restrtcted fund$ fund$ funds general deslgnated 2023 2023 Total 2023 2023 Note¥ Income f om.. Grants and donalif)ns Charitable activities Other trading adivities Investrnents 104,985 57,548 10,455 94,486 199,471 57,548 17,451 7,834 6,996 Total Incom• 160,822 101,482 282.304 ndlture on. Raising furKIs 2.219 2,219 Charitable a¢tivities 158,652 18,708 125.925 303,285 Totsl rèsources expènded 160.871 18.708 125.925 305,504 Nel gainslllosses} on investmenls 13 {23,143) 123.143} Net movèment in fvnds 13,192) (18,7081 {24,443) 146,343) Fu¢)d balarhces at l April 2022 206.033 860.059 76,413 1,142,505 Fund balan¢e¥ at 31 March 2023 202,841 641,351 51,970 1,096,162 The statement of flnancAal activities indudes all gains and losses recognised in the year, All income and expenditure derives from conb'nuing activrties.
BERWICK YOUTH PROJECT BALANCE SHEET AS AT31 MARCH 2024 2024 2023 Not¥8 Flxed assets Tangible assets Inveslments 14 15 669,966 216,341 689.736 212.781 B86,307 902,517 Current assets Slocks DebtOTS Cash at bank and in hand 16 17 1CX) 16,543 91,Ot 100 16.432 207.477 107,649 224,009 Crèditar¥'. #mounts falling due wlthin on¥ year 18 (5,9591 130.364} Net current assets 101,690 193,645 Total assets l•s$ eurrgnt liabilities 987,997 1,096,162 The funds of the ProJ•¢t R8slri¢teil inrne fvnds Unrestricted funds- general unreStrted funds- designated 21 43.016 122.338 822.643 51.970 202,841 841,351 20 987,997 1,096,162 The financial statements We approved by the Executive Committee on 21 October 2024 Mr S. Clough rrreasuwrl Trustee Mr S. Landels (Chair) Trustee 10-
BERWICK YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 A¢¢ountlng policles Charity infomiation Berwik Youth Project (the Project) is a Charitable Irhcorporated Organi581ion, règistèrèd in England with the Charity Commission, number 1166598. 1.1 Accountin9 eonyèntion The account5 have been prepa in accordance with the Projecfs Conslilulion, the Charities Act 2011 and 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charibes preparing Iheii ac£ounts In accordan with the Financtal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" (effective 1 January 2019). The Pioject is a Publtc Benefit Enlty as defined by FRS 102. The Project has 18ken advantagè of the prothsions in the SORP for diarilies apptying FRS 102 Update Bulletin I r¢ol lo prepa a Slalemenl of C88h Flows. The financial statements are pPared in steiling, which is the fvnctional cur¥en¢y of the Project. Monetary amounts in these financial siatements are rounded lo the nearest £. The financial 51alements have beèn Prepared under the historical cost convention, modified to include certain financial instruments 8t fair value. The principal accounttng poliaes adopted are set out below. 1.2 Golng concern At the time of approving the acwints. the Ex¢cLÈtive Committee have a reasonable expectation that the Projed has adequate resources tts continue in operational existence for the foreseeable futL¢re. Thus the Executive Gomrnittee continue to 8dopl the go(n9 concern basis of accounting in preparing the accounts. 1.3 Charitable funds Unrestricted funds are available for use al the discretion of the Executive Committeè in lurtherance of their charitable obiedives unless the funds have been designated for other purposes. Designated funds are unreslrtcted fvnds that have been set aside by the Executive Committee for partUL8r purposes. Re5trided fvnds are funds which are lo be used in aco)rdance with specific restrictions imposed by donors or which have been raised by the Project for particular purposes. The )st of raising and administering 8uth funds are charged against the speafic f¢Jnd. The restricied incorne received during the year has been spent on projects in accordance with the restrictions imposed. 1.4 Incoming resources Income is recognised when the Project r6 legally entitled lo it after any p&rfr)mianee conditions havè been met. Ihe amounts can be measured reliably, and il is piobable that income VMII be received. Cash donations are recognised on Teceipl. Other donation5 are recognised once the Project has b¢an notified of the donation, unless performance condrtitrns require deferr81 of the amount. Intangible donations a indud¢d at the value of the setv¢ces provided.
BERWICK YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 A¢¢ounting policies Icontinuedl Re$our¢es expended All expenditure is accounted for tsn an accruals basis. Resour¢&s expended are allocated to the particular actwity where the cost can be directly related lo that activty. However, the cost of overall di¢t1)n and administration on each activity, comprising the salary and overhead o)sts of the central funct¢on. is apportioned on the following basis, based on tha amount of staff time attn'butable to each activity. Dire¢t Charitable Expenditure 70.10 50.10 Management Costs of and Generatin9 Admlnlstratlon Funds 20% 10% 500 500 20OA 25% Projed M&nagerfs Salary General Purpose Property Costs Accommodation Project Property Costs Postage. Stationery. AdvertlSlAg & Telephone Adrninistralion Costs 70% 75V. 10% 1.5 Tanglblo flx$d 488ets Tangible fixed assets are initially measured at cost and subsequentty measured at cost or valuation. n9101 depreuatton and any impairment losses. Depreciation is recognised so as to write off the cost OT valuation of assatsloss their residual values over their useful Itves on the following b8888'. Land and buildings Propety improvements Equiprnenl and computer equipmanl Fixtures and fittiny$ Motor vehicles None and straight line over 35 yeais 20Vo Straight line 25% straight line and 33.33% sliaighl line 15Vo reducin9 balance 25% redtJcin9 balance The gain or loss arising on Ihe disposal of an asset is determined as the difference between the sale proc8eds and the carrying value of the asset. and is Tecognised in net incomellexpenditufo) for the year. Fixed assets are capitalised, at cost where Ilie purchase price exceeds £5. Any donated assets are capital£$ed al their estimated valLte at the time ot reeeipl of the grft. 1.6 Flxed asset Investsnents Fixed asset investments #Te init¢ally measured at Iransaction price tXd[19 transaction $1s, and aTe subsequently measured 81 fair value at each reporting date. Changes in fair valve are recognised in net incomel{expendituial for the year. Transaction costs are expensed as inojrred. I,Y Imp¥irment of flxed assets At e8ch reporting end date, the Project reewS the ¢3Try7ng amounts of its tangible assets to determine whether there 15 any IndicaOn that those asset$ hav¢ suffered an impairment loss. If any such indication exists. the recoverable amount of the asset is estimated in order to deterniine the extent of tha impai¥meAI loss Irf any). 12-
BERWICK YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 A¢¢ounting pollcles (Continued) 1.8 stoc Stocks are stated al the lower of c051 and es11rn81ed selliThJ price less costs lo complète and sell. Cost mprises direct materials and, where applicable, direct labour costs and those overhead5 that have been incurred in bringing the slocks to their present location and o)ndition. Ilerns held for distribution al no or nominal eonsideration ale measured at the lower of replacEment 51 and cost. Net realisable value is Ihe 951imated sélling price Jess all estimated costs of completion and costs to be incurred in marketing. selling and distribution. 1.9 Cash and cash equlvalents cash and cash equivalents indude cash in hand, deposits held at c411 with banks, othÈr shtsrt-lèrm liquid Investments with original maturities of Ihr¢e months or less, 8n¢J bank overdrafts. Bank overdrafts are Shown Ihln borromngs in current liabilities. 1.10 Financial Instruments The Project has elected lo apply the provisions of Section 11 'Basi¢ Finanoal Inslrumenls, and Sedion 12 'Other Financial Instruments Issues, of FRS 102 to all of its finanfjial instrumests. Finanual instrurnents are recognised in the PToiecfs balan sheet when the Project becomes party to the contractual provisions of the instrument. Finantyal assets and liabilities are offset, with the net arnoun15 presented in the finanrial statements, when there is a legally enforceable right to set olT the recognised amounts and there is an intentiors to settle on a net basis oi lo aliSe the 8$sel and settle the liability simultaneously. Basic financial assets Basic financial assets. which indude debtors and cash and bank balan$, are inrtially measured al transactM)n wice induding transaction costs and are subsequently carried at amortised cost using the effeclive interest method ijnless th8 arrangemènt (yjnstitutes a ffinancing transaction, where the transaction is measured at the present value of the fijture receipts discounted at a market rate of interest. Finanaal assets claSSled as receivable within one year are not amorb"s¢d. Bèsle flnancial liabilities Basic finanrial liabilities, indudiftg txedilors and bank loans are in4ty.ally recognised at transadion pri unless the arrangement conslilules 8 fin8n¢ing transaction. where the debt instrument is measured at the present value of the future payments discounted at a matkel ralo of interest. Financlal liabilities dassified as payabte vAthin one year are not arrtortised. Debt instruments are subsequently carried at amorti5ed ¢yJsl, using the effective intere81 rale method. Tradé Ix8ditors are obligations to pay for g¢))ds or seNces that have been acquired in the ordinary course of operations from suppliers. Amounts payable are dassified as current liabilities if payment is due wthin one year or 18$$. If not, they are presented as non-current liabilities. Trade creditors are recognised inilially at transaction priee and subsequently measured at amortised cost using the effective interest method. D•r8cognition of linanci?I liathlities Financial liabilitie$ are dere¢ognis¢d whèn the Prc4eci's contractual obligations expire or are discharged or cancelled. 13-
BERWICK YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 A¢¢ountlng pollcl•s Icontinuedl 1.11 Employee ben•fits Th$ cost of any unused hollday enlillement 18 regnised in the period In which the employee's seNces are Termination benefit$ are reo)gnised immedialely as an expense when the Project is demonstr8bly wmmitted to temiinate Ihe employrnent olan employee or to provide tminalion benefits. 1.12 L•ases Rentals payable under operaling lease$, including any lease Incenltves rerEived, are charged as an expense on a straight line basis over Ihe term of the relevant lease. 1.13 Grants All grants are usad for charitable expenditure and capiial items and a recognised in full In tt)¢ year In which they are recelvable. or when the conditions for receipt have bèen mel. 1.14 Income from investrnents Investment income comprises dividends receivable durlng Ihe year on listed investment$ held In Ihe UnTe51ricted General Fund5 and interest receivable. Critical accounting estimates and judgements In the application of the Project's accounting poliaes, the Executive Committee are required to make judgements. estimates and assurnptons about the carrying amount of assets and liabilities that are not readily apparent frgm other sources. The estirnates and assoaaled assumptions are based on historical experience and other factors that are considered to be relevant. Actual resuns rnay differ fiom these estimales. The estimate5 and undeilying assumptnS are reviewed on an ongoing basis. Revisions to accounting estimate$ are recognised in the period in whh the est4rnale is revised where the revision affects only that period, or in the period of the revislon and future periods where the revision affects both rrent and future periods. Grants and donations Unrestrlcted Restri¢tsd funds funds Total 2024 Total 2023 Donabons and grants 51.196 96,IlJO 147.296 199,471 Unfestricted donations and gfants include$ an intangible donats'on of £1.000 {2023.' £1,IIC(S) in the fonn ol payroll seNices given by Northumbertand County Council and record8d as Professional fees. 14-
BERWICK YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charltable aetlvities 2024 2023 Ch3rilablè rental income.. Rent and housing benefrts 36,713 57,548 Other trading aetlvltles Unrestricted Restricted funds funds gèneral Total 2024 Total 2023 Trading actNity incorne.. Service level agreement 17.451 Investments 2024 2023 Income from listed investments Interest receivable 7,505 162 7.834 7,667 7,834 Ralslng funds 2024 2023 Investment rnanagement costs 2,064 2,219 2.219 15-
BERWICK YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charltable actlvltSes Direct Governance Costs of charitable costs g•ngrating expenditure funds Total 2024 Total 2023 Stsff costs Depreciatlon and imp8iTment Postage. stationery, telephone and advertising SurKlry expenses Property ¢osts Ach'vities and events Motor expenses Volunteer expénse¥ Training and travel expenses Furnishings, linen and kitchgnware Profession81 fees Accountancy fee Public*ions and subscriptK)ns Community Centre expenses 136.654 20.350 10,156 5,078 151,888 20.350 157.961 20,544 4.808 119 30.588 20.455 8.962 1.373 6.868 159 61.176 20,455 8.962 344 6.374 4.988 159 53,242 16,179 13,814 422 4,637 752 24,846 4,074 1,667 30,588 6.374 10,820 10.820 4.044 1,865 850 1,865 650 231,169 57,021 5.765 293,955 303,28S Analysls by fvnd Unrestricted funds- general Un¥estri¢ted funds- designated Restricted funds 133,179 18,708 79,282 37.014 170.193 18.708 105,054 20.007 5,765 231,169 57,021 5,785 293.955 Far the year ended 31 March 2023 Unrestricted funds- general Unreslricted funds- designBted Restricted funds 126.917 18.708 85.865 31,735 158,652 18,708 125,925 34.655 5.405 231,490 66.390 5,405 303,285 Goveinan¢e costs induded payments lo the independenl examiner of £4.044 {2023.. £4.0741 for aceounlancy services. Net movement In funds 2024 2023 The net movemgnl In funds is Staled after thargingllcreditingl- Deprec¢ation of owned tangible fixed assets 20,350 20,$44 16-
BERWICK YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 10 Executive Committee No mUneratIOn12023.' £Nill directly or indifectty out of the fvnd5 01 the Project was paid or p8yable for the year lo any Exeujtive Committee Member or to any person or persons known to be ¢onne¢ted with any of them. No reimbur$ement12023'. £Nil) of expenses has been made or is due lo be made lo any Executive Committee Member in respect of the year. 11 Employees Numbtrr of employees The average monthly number olempltsyees during the year was.. 2024 Number 2023 Number Full time employeès Employment ¢osts 2024 2023 Wages and salaries So(yal security costs Other pension costs 131.860 11.731 8,297 138,521 12,151 7,289 151,888 157,961 Thorè were tw) employees whose annual remunwalion was £60,) moo. 12 Taxation The charity is oxempl from taxatton on its actltieS because all its ino)me is appfied for charitable P¢XPDses. 13 N¢t galnslllossesl on Inv¢stsnents 2024 2023 Revaluation of investments Galnllloss} on sale of investrnenls 1.231 15.033} P6,8961 3,753 {3,8021 123.1431 17-
BERWICK YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 15 Fixed asset investments Listod inv¥stm¢nts Cost or valuatlon Al l Aprll 2023 Additions in yeai Valuation changes Disposals 212,781 73,651 13,803} 166,2881 At 31 March 2024 216.341 C•rrying amount At 31 March 2024 216.341 Al 31 March 2023 212,781 Flxed asset inv•stm•nts revalu8d Listed invèstments are sialed al market value. The historical cost of the inveslments is £210,773 12023.. £208,389). Investments a stated at their mid-market value at the balance sheet date. Investments ale profassionalty managed and vatued by Brewin Dolphin. The investment objectives are to achieve a balance of income and capital growth with an emphasis on incorne. assuming a low risk profile. Th$ unrealised gains I110sses) arising from thangtr$ in market value are adjusted against the Unrestricted General Fund8, 16 Stocks 2024 2023 Finished goods and goods for resale 1(KJ 100 17 Debtors 2024 2023 Amounts falling dug within ong year. Prepayments and acLrued income 16.543 16.432 19-
BERWICK YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 18 Creditors.. amounts falling due wlthSn year 2024 2023 Notss Deferred ino)me Olher creditors Accruals and d¢femd incorne 19 27.5C(I 674 2.1 3,509 2.450 5,959 30,364 19 Def•rrèd in¢ome 2024 2023 Other deferred income 27,500 Deferred Income is made up as follow$.' welSIeY Trust Bemiaa Foundation Ballinger Trust 10,000 10,000 7,500 27,500 -20-
BERWICK YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 20 Unre$tricted fund¥ - dèsignatèd These are unrestricted funds whith are maleryal to the Projèci's activities. At 1 April 2023 Resources At 31 March expended 2024 Property Fund COnnty Centre I Supported Accomrnodalion 641,351 200,0 118,7061 622,643 200,ryJo 841,351 118,7081 822,643 Pr¢Ylous year. At l April 2022 Resources At 31 March expended 2023 Property Fund Community Centre 660,059 200,(K)O (18,7081 641,351 200.000 860,059 {18,7081 841,351 Th¢ Property Fund was a Restricted Fund transferred from the old Projed rn respect of the premises of the Projeds Golden Square sile. It represents the value of the land and building, with depreciation charged annually against the fund ovèr thè r¥maining life of the building. As there are no longer any reslfictions on this fund and is oU1th Any daw bad( period, the Executive Committee decided in 2018 to transfer the ents're balance into a de$iynaled fvnd. The Communty Centre I Supported A0mOdatIon Fund is a Fund designated by the Extts Committee towards the potential develijpmenl of the former Community Centr&, or any other sud) ieplacement of Supported Accommodation provision. 21 Re$trloted funds The income fijnds of the Project indud$ r¢strict¢d funds comprising Ihe following unexpended balances of donations and grants held on trust for specific purposes-. At l April 2023 Ineomlng r¢$oureès Rèstsurt•s At 31 Mareh expended 2024 General Purpose Fund Comrnunity Centre Fund 43,492 8,478 96.100 196,5761 18,4781 43.016 51,970 ,foo 1105,0541 43,016 21
BERWICK YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 21 R•strietsd funds (ContindI Pr•vlous yeor: At 1 Aprll 2022 Incoming r•soLErces Resources At 31 Mareh expended 2023 General Purpose Fund Community Centre Fund 44.089 32,324 101,482 1102,0791 {23.8461 43,492 8,478 76,413 101,482 (125.9251 51.970 The Restricted General Purpose Fund consists of donations and grant$ received for specific F4trposes 8nd relaled expenditure. Tha bak3n carned forw8rd represents funds to bè used in the next year atyj the value of reslrided items capitalised. The Restricted Community Centre Fund eonslsts of donations and 9rant$ received specifically for the purpose of Potentially redeveloping the fomier Cornmunity Cent. 22 Unrestrict•d funds The income fvnds ofthe Proled indude the following designated funds whrh have be¢n Set aside (yjt of unrestricted funds by the Executive Committee for specific purposes.. At l Aprll 2023 Ineomlng r8sour¢es Resources exponded G•ln$ and At 31 March losses 2024 General fund$ 202,841 95,576 1172,27TJ 13.8021 122,338 Previous year: At 1 Aprll 2022 Incomlng resources Resouree$ expended Gains and At 31 March losses 2023 General funds 206.033 180.822 {160,8711 123.1431 202,841 -22-
fD r In ¢DNr 0 ¥Jw 111- o)
BERWICK YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 24 Oonatlons and Grants of £5,000 and over During Ihg year, grants and donations re¢eived of more than £5,000 were a5 follows: 2024 £40,OIXJ £27,500 £20,970 £10.000 £10,000 £10.000 £5,833 £5,0 £5,CM]O £Nil £Nil £Nil £N 2023 .£41.050 £17.500 £25.650 £9,885 £Nil £10.000 . £23,331 £Nil £Nil £40,000 £10.000 £9,220 £5.059 BBC Children in Need Ballinger Charitable Trust Education Support SeThices Wellesley Trust Btrmiua Foundation Com Foundalion.. F.B. & P.F.B. Lough Fund North ofTyne VCSE Com Foundalion.. Cost of Uving Fund Berwd( Rtstary Club Garfield Weston Foundatton Northumbedand Children's Trust Northumberland CAB: Madeline Kinlen Fund Com Foundal¥on.' Opencast Fund 25 Rèlatfrd p3rty tran¥actlons R&muner•t5on of key management pèrsonnel The total remuneration of the senior management team exduding Employers National Insurance costs was.. 2024 2023 Aggregate compensatSon 101,530 96.334 Key managernent has been detemined to be the Exe¢ulive Commrttee and the 3 m¢mbers of the senior management team. The Executive Committe& re*Ve no rUtratIon or benefjls. Transactlons wlth related partlès During the year. the Projed incurred electrical expenses as part ol ifs nomial mainten8n¢e F¥tsar8mme of running ¢osls from Landels Electrical LLP lotalling £2.771 12023." £3841. Mr S. Lando1$ is ¥ member of Landel$ Electri¢#l LLP as well as an Executive Committee Member of the Project. At the yeor end no balance remained o¢Asl8nding12023.' £Nill. -24-