ChaAty registration number 1166598 (England and Wal•sl BERWICK YOUTH PROJECT ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
BERWICK YOUTH PROJECT LEGAL AND ADMINISTRATIVE INFORMATION Ex•¢utlve Commlttee Plr S. Weightman MBE Mr G. Scott Mr S. Clough ITrèasur&rl Mrs K. Stra¢han Mr K. Smith Mr S. Landels (Ghairl MrA. Bakei ISe¢retaryi Sgt D. Budge Mrs A. Williams Cllr M. Greener Cllr P. Rowe (Appointèd 2 Junè 202SI (Appointed 2 June 20251 Charity number 1166598 Prindpal addrtss 10 Golden Square BeNickryUPOn.Tweed TD15 1BG Independent examln•r Colin Frame CA 17 Walkergale Berwick-upon-Tweed Northumberland TD15 1DJ Bankern Bank of Scotland 61 Hide Hill (Berwick Branch) Berwick upon Tweed Northumberfand TD15 1EN Solkltors T.C. Smith 9 Church Street BeICk upon Tweed Northumberfand TD1S 1EF Investmènt advlsors Brewin Dolphin Apollo House Etrt)racum Way York Y0317RE
BERWICK YOUTH PROJECT CONTENTS Pago Trustees, report Independent examin¢e$ report StalemèAt of financial aclivities Batance $heel 10 Notes to the financral slal¥menls
BERWICK YOUTH PROJECT TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Exe¢utive Committee pre$enl their report and finan¢i81 statements for the year ended 31 Mah 2025. The financial statements have been prepared in aca)rdance with the accounting policies set otrt in note 1 to the financial statements and comply with the Proje¢t's governing docurnenl. the Charities Act 2011, FRS 102 'The Financial RepOng Standard applicable the UK and Republic of Ireland" and the Charthes SORP 'Accounting 8nd Reporting by Charities.. Statement of Recommended Practi applicable lo chariligs preparin9 their a¢xounls in accordance with the Finala1 Reporttng Standard appliCae in the UK and Republi¢ of Ireland IFRS 102}". Objèctives and A¢tSvltl¢s Berwick Youth Project lthe ProlecVs} objects for whlch il was set up are- Th¢ advancement of education for the public benefit in particular those yourtg persons betsveen the ageB of 13 to 25 years, by providing advi and guidanca up)n questions of housing, socA81 welfare benefits, homelessness. unemployment and other related topics., The wolection and preservatx)n of the good health of young persons who are or have been ihe victim5 of sexLEal or drug abuses by the Provis)n of advice and a counsellifig and support servtce,. The provision of short term accommrrtlalion and support for young people agtd 16 to 25 in housing rd,. and The Provision of sooal education and cultural opp(n1eS for young people whith may indude overseas opportunrties. Thè Vision Ststement The lundamentsl purpose of the Project 1$ to assist those young people who are stru9gling in lrfe to achieve their 11 potenbal. The Project offers Ihls assistance in several ways.. We provide an Information and Support Project from our premises in Berwid( town cent. It is open for 37 hours each week, and staffed by experienced workers including trained volunteers. We offer acces$ to infomatio>n on many topKs pertinent to young people's lives. such as housing, drugs and alcohol, sexual relationships, employment and training. Practical help is also on offer kn ctsmplele forms. make telephone contacts and $0 on. The Project has an appropriately qualified Counsellor lo help support young people wrth therapeutic interventions. In addition. we can provKle essential 3kills training lo improve lileiacy and nurnera. Through our rela110115hips with other partners, we can offer access to firnding sources and oPpnIe$ for challenging experiences at home and abroad. The Beehive Young People's C8fO is open on fv40 evenings and onè day each week, providing a safe environment lor young people to meet in a popular IatiOn. This venue offers a base for otsr Youth Work team, and enables many young people lo access the range of opportuni11os on offer. These In¢lude holiday programmes. trips and outdoor aclniities. Our Supported A¢¢ommodation project provides young people with the opporlunity lo live independenuy for the fi¥$t time. OUT first floor housing in Golden Square is well maintained and fvmished, and we offer housing and SUPPCrt to 16 to 25 year olds who are in housing need. often because of family breakdown or where they expefien¢g particular geographical disathiantage. Our current capacty is six young resldonts, Wlth daytime on-srte support and 24fT emergency support available. We provide support lo students with additional learn9 needs through a partnership with Be1 Academy. Wrth funding support from the A¢ademy, we can provide an altemativè ctsrriculum designed to prepare young people with the wath¢al, emotional and vocatsonal $kills that 3 mainstream programme would strugglè to deliver. The Trustees {ExecLrtive Committee) have paid due ward to guidance issued by the Charity Commission Kl deadiThJ what activibes the Projed should ¢Jndertake.
BERWICK YOUTH PROJECT TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Achlevements and PerfaTmance The Project continues lo provide a sIled, alSSIble and effective helpiny service for young people in Norlh Northumberland. Issues thal we had started lo see pre-COVID have in our opinion been exacerbatsd by the pandemic. and we're seeing increasing numbers of young people struggling to deal with the ¢hallenge5 psented by everyday life and a lack of emotional rosllien¢e teading to problems at home. Sch)1 and work. During the last 12 months, 20512024.. 2011 young people a¢ce5sed our Information. Advice and Support Serwice, with 7412024.. 621 receiwng Intensive support Ilhat is, a longer period of engagement addressing signifieanl and potentially hamiful feelings, attitudes and situations) over a total of 745 12024.. 6951 sessions. An average of 11 12024= 12) s¢ssions per service user is, we feel, an indlcalor of the Fnvestmenl we m8ke in those ywng people who have most lo gain from our provision. and we don't pla an arbitiary lirnil on their needs. An additional 75 12024.. 551 individual's a¢ce8sed group provisMJn, either for 8peciffic on&-off events or mo regular Pfovision such as the Communty Crew. a youth group largeted al young people i)n the margins of their peer group. During this period. w$ have direc¢ly attommodated 712024.. 41 young people fof a total of 15612024.. 951 weeks which is an Increase on last year. Oc£uparKy rates have steadily improved post.COVID and we've ¢glebraÉed three young people sutrA55fv1ty moving on to new lenanci¢$. Estrangement from farnilies continues (o be the main reason young people apply tor support6d accomrnodatton. the majority of iesidents this yÈ8r have baen due to relationship breakdowns with parents. Only one of our residents had prior experien of living on their own and geneTally without very little outside support. Much of our support is based around gainirry wactical èxperience of managing a ten8ncy. budgetsng money lo meet household costs. daiming appropriate benefits. practical wistrations at GP and dentist. re9131ering on choi based letting site$ and ensurin9 they have CV and ID in reodiness for work. Thi3 is in addi1 to pre tenancy training accredited by AQA. The inlrodu¢tion of Of$ted registration and its polenlial impact on our servtce continues to rumb along. Registration appears to lack Consideration of Smalr providers with no duCtion I sliding scales boin9 apparent in their substantial lee rates. Ofsted registralion is a mandatory requiremerrt to be attepted as an approved local aulhorty provider for 16- and 17-yeaf olds. We'd really like to acknowledge and thank those funders who continued to support us, particularly the National Lollery Community FLFnd, BBC Children in Need, the Ballinger Trust. the FB and PFB Lough Fund, the Wellèsley Tnjsl and sever81 smaller donations administered by the Community Foundation, including the Northem Angel Fund.
BERWICK YOUTH PROJECT TRUSTEES. REPORT {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 Flnanclal Revlew Th¢ UnrestrKted General Fund rerderf a surF4us of £198,480 al 31 M8r¢h 2025 P024'. £80.503 defiat}. The Project has again been successful in maintaining 8nd developing existing activities. totsl resourc¢s expended during the year lotslled £282,88612024.. £296,039). The balance of free fund5 8131 Mar¢h 2025 was £320,81812024'. £122,338). The Unre51ricted Designated Fund balance represents the value of the Project's LaThJ and Buildings, togèther with specific Pfojecls the Executive Committee hav¢ agreed to support 8nd exp¢oTe over the coming perl(xl, totalling £803.93512024.' £822,643}. The Restricted Fund totslled £38,984 12024.. £43,018) and consists of donations and grants reIved for speci purposes aThJ related expenditure. During the year. the Prolèct agreed to act as an agent and to distribute grants on behalf of the Notional Lotttrry Community FLfrr fvndèd NorthLmberfand Youth Work Nefvrk, totalling £344,097 (see Note 261. Reserves Pollcy The Executive Committee have reviewed ihe Proiecfs reserves. Thls feview considered the nature of the income and expend(ture streams, the need lo match variable income wilh fixed o)mmitments and ihe nature of the reserves. The EXecuve Committee considers that Ihg reserves held. together with lunding aThangements will allow ihe Project to fully meet its objects in the Short to medium term. Invèstment Policy Investrnents are professionalty managed by Brown Dolphin, who provide advice lo an¢J a¢t on the Instruixlons ol the Project's ExeGutive Committee. Investment objectives as presoibed to Brewin Dolphin are to achleve an income relum with cautious risk. Wth this in mind, Brewin Dolphin have otegorised the Youth Projed as wishing to retain a degree of safety in their Investment strategy but are alsts lotsking for a higher Tale of investment return than that assori8ted with being 'tno)me dependent,. In doing sts. they apt that the value of Iheii Énvestments and the income frorn them, are not guaranteed and will rise and f811 to a greater extent than with an 'income dependent, portfolio. AS much as half of the relum is expected lo be delivered from fued interest invostments, the yields from whtch are more predictable than Capttsl apprec¥alion from equity mafkets. Thé investment portfollo is therefore comprised of a large proportion of British Governmenl securities (Giksl or bonds issued by othèr secjjre supranational organisations such as the European Investment Bank, as well as other income produc4ng Investments, such as corporate bonds and preference 5hare5. Thtrse investments ¢ould forrn approximately one third lo a half of the portfolio. Thè rémaining exposuie is expected lo be athieved diversified investments such as funds. index trackers and other Collective Inve51m8nt Soherne$. The portfolio may incorporate #n allocation lo direci shares ol laiger companies which BTvwin Dolphin believe have sustainable dividend yield5. Risk Managem*nt The Executive Commitiee have ujnducted a revsew ol the major risks to which the Proierj is exposed and recognise the import8n¢e of, and their responsibility for. risk management. Ttrw afe 8(xordingly developing a system for regular reviow lo mitigate the fisk5 identified. Public Ben•flt In considenng the operation, 8thievements and performance and finances of the PToJect, the Executive Committee are satisfied that publi¢ benefft has been provideil in 8¢cordance with the CharlS Act 2011 arhj guidance issued by the Charity Commi$$ion.
BERWICK YOUTH PROJECT TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Future Plans Having come lo the condusion that our proposed development of the former CommLmty Centre in Palace Street East was unviable. Ihe bullding was put on the market and sold in August 2024. The Prosecl is keeping an open mind as to ftrture growth of Supported A¢commodation. wth rnt Changes to provisions lor 1& and 17-yeai olds and Of$led regislratFon having as yet an unknown impact. The Project is still workn'ng on 8 lease agreement on a woodland area dose lo Screm¢rston, with a view lo creating a mountain bike track for local young people to Use Safety. These di3CUSStons commenced in 2021. bul were derailed by Stomi Afyven, which decimated the woodland and neces5tlaled an exlensive operatlon to make the area safè. Berwick Town Counal may prove to be a ¥wlling partner in making this initsalive come to fruition. Currently our property al Gold¢n Square is in very good worklng order. benefthing from significant decoration and maintenance projects, most ¥ecenlly to the Beehive young peop.6 space. Open aCsS youth work is an aFea we wish to ¢J¢velop more of, utilising our excellent premises and equipment. However. in the absence of Sustainable funding. rt's likety we'll need to wait untsl there has been a poltti¢31 shift and gre*er resources offèred by statutory bodies. We have been 8 lèading partner in the development of the NorlhtFmberland Youlh Work NeOrk. whith has grown rapidly into a County wKlo representatwe body with 15 organisations in membership. Structure, Govemance and Management The Project is administered and managed in accordance with its C{$thtU41On adopted on 19 April 2016 and is registered as a Charitable Incorporated Organisation with ihe Charity Commission (Charity Number= 11665981. Trustees The ExecutNe Committee who served during tho yearwere.. Mr S. WeFghlman MBE MrG. Scott Mr S. Clough ITrea$urer) Mrs K. Stra¢han Mr K. Smith Canon C. Smith Mr S. Landels (Chair) MrA. Baker (setary) Sgt D. Budge Mr S. Gibson MrsA. Williams Cllr G. Brown Cllr M. Greener Cllf P. Rowe (Deceased 11 January 20251 (Resigned 7 Aprtl 20251 {Resigned 1 May 20251 {App02nled 2 Junt 2025) {Appornt8d 2 June 20251
BERWICK YOUTH PROJECT TRUSTEES. REPORT (CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 Management of the Project The Project is managed by the members ofthe Executive Committee. The rnembers of the Execulive Comrnitteo, representing in18rested bodies, are elected 8nnually and fall within the definition of Trustees under the Charrties Act. The Executive Committee who served during th¢ year are listed above and under the Projecvs Legal and Administrative Information. The Project Manager (John Bell), a non-voting comrnee mernber, is responsible for the day to day management of the Project, in his 31st year and is accountable to the Executive Committee. The Project Man&Jer is responsible for all employees and voiunleers. The Exeujtive Commlttee of the Project meet on a qu8rtèdy basis, and the Project Manager provides actiwly and financial reports to these meetings. The Exe11¥0 Committee incl¢Jde independent membef5 of the community and interested bodies. EXetiVe Commillee memb&rs are required to declare Iheir eligibility lo fvlfil the legal responsibiliiies of the rolè, and induction training and appropriate documentation is offered to new members. Currenlly T¢arn Leaders manage different elements ol the Project's activities. being., Infom)81ion and Support {Debr8 Jerdan) and Supported Housing (Jackie W8lson}, both of whom have over 20 years of service. Cordelia Scott left the Project in January 2025 to pursue a new career in Newcastle and we wish her every sUe$S in her nèw post. DLsring her time with us she gained her Degr8¢ in Psychology and a host of different experiences, and we can reflect positively on otRr role in supporting the development of an excellent member of staff, who will be huge asset to the young p8opl8 of Tyneside. In July 2C125 we 8pptsinted Meaghan Watson to the new position of Apprenb'ce Youth Support Vvorker, an inlliative that will see her studyin9 for a Degree in Communty and Youth Work at sulerIad UnNefsily alongsido her work at the Project. Employees and Volunteers We would like to extend our sincere thanks to all that have supported the Proje, bul in particular the many organisations who have generously donated lo our work, lo our staff and volunteers for their skill and dedicalion. to Northumberfand County Councsl lor their administration of our payroll, to Greaves Wesl and Ayre for the accLJunling suppgrt and advice, to our ExecutNe Comrnittee for representing the Project in the wider community and to all the local retsil&r$ for the supply ot goods 81 discounted prices from lime to time. Stat•ment of Tru5tee$' RespOnsibiltieS The Executive Cornmittee ale responsible fcl preparing the Trustees. Report and the financial statements in accord8nce with 8ppliG8ble law and United Kingdorn Accwnting Standards {United ngdarn Generally Accepted A¢wunting Practic*}. The law appticabl8 to charities in England and Wales requires the Executiv¥ Commtttee to prepare financial statements for eath finanryal year which give a tnje and fair view ol the $tate of affairs of the Project and of the incoming resources and application of SoUrCeS of ihe Project for that year. In prepartng thèse financial statements, the Executive Committee are required to.. - sele¢t surtable acLountiThJ poliaes and then apply them consistently., - observe the method5 and prindples In the Charitses SORP; . Make judgements and e8timales that arè reasonable and prudonl- state whether applicable accounting standards have been followed, sulie¢t lo any material ¢Joparturgs disdosed and explained in the financial stslemeftts.. and prepare the financial statements on the going ¢oncem basis unless il is in8ppfopTiate lo presurne that tho charty will ctInue in operation. The Execthive c(mIttee artr responsie for keeping 6uffioenl aOntIng records that disdose with reasonable 8coJra¢y at any time the finarhcial postbon of the Project and enable them to ensure that the finanual statements comply with the Charitios Act 2011. the Charity {Accounls and Reports) Regulatsons 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Project and heFKe for taking reasonable steps for the prevention and detect&)n of fraud and other irregularities.
BERWICK YOUTH PROJECT TRUSTEES, REPORT (CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 The Imslees, report was approved by Ihe Board of Executive Committee. Mr S. Clough (Treasurer) Trustee Mr S. Landels (Chalr) Trustee Dated.. IJ:! #. Jr.
BERWICK YOUTH PROJECT INDEPENDENT EXAMINER'S REPORT TO THE EXECUTIVE COMMITTEE OF BERWICK YOUTH PROJECT I report to the Executive CommTttee on my examinatior of the financial statements of Berwic Youth Projeca {the Project) forthe year ended 31 March 2025. Respongibiliti•s and basls of report As the Exècutive Committee of the Project you are respon$lble for the preparats'on of the finanual statemen1$ in accordance with the requirements of the Charibe5 Act 2011. I report in respect of my examinaOn of the Projecvs financial stslements c8rried out under section 145 tsf the 2011 Act. In carrying out my examinatlon I have followed all ihe applicable Direction5 given by the Charity Commission under section 14515)Ibl of th6 2011 Act. Independ•nt examlnerf8 Statement Sines the Project's gloss inc4m¢ ¢x¢¢èded £2SO,O(Y) your examiner must be a rnernber of a body listed in section 145 of the 2011 Act. I confirni that l am qualified to undertake the examination because l am a member of the Instiluts of Chartered Ac£ounlanl$ of Scotland, which 1$ one of the listed bodies. I have completed my examinats'on. I conffirrn that no matters have rne to my attention in ¢onne¢tion with the examination gNing me cause to believe that in any material respe¢t'. accounting records were not kept in respect of the Projed as required by section 130 of the CharitièsA¢t 2011. the ffinancial statements do not accoid with those records.. or the finan(xal statements do not comply with the applicable requiremonls ¢orttrning the forrn and contenl of accounts set out in the Charities IAccounts and Report51 Regulations 2008 other than any requirernent th81 the accounts give a true and fair view which is not a matter consKlered a5 part of an independent examination. I have no concems and have come acro55 no other matters in connection wth the exarnination to which attention should be drawn in thi5 report in order lo enable 8 pr¢)per understanding of Ihe aoxunts to be reached. Colln Frame CA 17 W81kergale BenNick-upon-Tweed Northurnberfand TD15 1DJ Dalo-.
BERWICK YOUTH PROJECT STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Current financial year Unrestricted Unrestrlcted R¢strlcted funds funds lunds gèneral da8lgn¥ted 2025 2025 Total Totsl 202S 2025 2024 Note$ Income and end wments from. Grants and donati8 Charitable activib'es Inveslments Othei income 27.358 67,979 9.601 203,350 150,713 178,071 67.979 9.607 203,350 147.2 36.713 7,667 Total income 308,288 150,713 459,001 191,676 Ex Raising funds 2,083 2.083 2,084 Charitable actNittès 107,350 18.708 154.745 280,803 293,955 Total resoureè¥ expend•d 109,433 18.708 754.745 282,886 296,039 Net gainslllosso$) on investment8 13 {3751 13751 {3,802} N¢t movement In fund¥ f98,480 118.708) 14.032) 175,740 (108.1651 Fund balances at 1 April 2024 122,338 822,643 43,016 987,997 1.096,162 Fund balane¢s at 31 March 2025 320,818 803.935 38,984 1.163,737 987.997 The statement of financAal activlli¢s indudes all gains and losses reco9nised in the year. Atl income an%Y expenditLTrre derives Irom continuing activities.
BERWICK YOUTH PROJECT STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Prlor financial year Unrostrlcted Unrestricted Restricted fund$ funds fund$ gèneral designated 2024 2024 Totsl 2024 2024 Notes come and ndowmonts from: Grants and donations Charrtable activities Investments S1,IS 36,713 7,667 96,100 147.2 36,713 7,667 Total incomè 95,576 96,100 191,676 •ndItu on: Raising funds 2,084 2,084 Charitable aclivities 170.193 18.708 105,054 293,955 Total rosources expènded 172,277 18,708 105,054 2S6.039 Net gainsllloss¢sl on investments 13 (3.802) {3,802) Net movément In funds {80,5031 {18,7081 18.954) 1108,165) Fund balances at 1 April 2023 202,841 841.351 51.970 1,0%.162 Fund balancgs at 31 March 2024 122.338 822,643 43,016 987.997 The statement of financta actNities includes all gains and losses réeognised in the year. All income and expendituré derives from ntInuing actNities.
BERWICK YOUTH PROJECT BALANCE SHEET ASAT31 MARCH 2025 2025 2024 Note$ Fixed assets Tangiblo assets Investments 14 15 646,765 215,424 669,9E6 216,341 882.189 886,307 Curr•nt as$èts Stocks Debtors Cash 81 bank arKE in hand 16 17 100 16.542 91,LX)6 17.355 349.$31 366,886 107.648 Creditors: amounts falling duo wthin on* year 18 165.3381 15.9581 Net current assets 301.$48 101,690 Total assets loss eurrent liabilitles 1.163.737 987.997 The funds of the Proje¢t Rèstricted inctbrne lunds Unrestricted fvn¢Js- 9eneral UnrestriGted funds- designatsd 20 38,984 320.818 803.935 43,016 122,338 822,643 21 1,163,737 987,997 The financial statements wtr approved by the Exethe Committee on ......l)... Q(t4W... 2a i< Mr S. Ck)ugh (Tre8$urer) Trustee Mr S. Landels (Chairl Trusts• 10-
BERWICK YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 A¢¢ountlng policies Charity infomlatlon BerwKk YoLrth Project (the P¥ojecll 15 a Ch8fitable Incrporated Organisation. registered in England wth Ihe Charity Commission, nLtmber 1166598. 1.1 Accounting convention The finanri81 slateme4)Is have been prepared in accordance with the Projed's govÈmirtg do¢ument, the Charities Act 2011, FRS 102 The Finanaal Reporting Standard applicable in the UK and ReptJbli¢ of Ir818nd' and the Chariti6$ SORP "Accounting and Reporting by Chafilies.. Ststemenl of Recommended Practi applicable lo eharities preparing their accounts in accordance wrth the Financial Reporting Slandar<l applicable in the UK and Republic of Ireland {FRS 1021. The Proiect is a Public Benefit Entity as defined by FRS 102. The Prolect ha5 taken advantage ol the provi$lon$ In thè SORP for charities not to prepare a statement of rash fflows. The financial statements are prepared in slerfing, whith the functional rJJrrtrncy of the Proj¢d. Monetary amounts in these financial statements are rounded to the neare51 £. Thè finanaal statements have been Ppard under the historical cost convention. modified lo include certain finanaal instruments 81 fair value. The Prindpal accoLtnting poliaes adopted are set out below. 1.2 Going concern Al the time of approvtng the a¢¢ounts, the Executive Commthee have a reasonable expectation that the Project has adequate resources to continue in operational existence for the foreseeable futsjre. Thus the Exeuative Cornmillee continue to adopt the going concèm basis of accounting in preparing the accolsnts. 1.3 Charltable fund¥ Unrestricted lunds are available for use al the discretion of the Executive Committee in furtherance of thwr char¢table objedives unless the fvnds have been designated for other purposes. Designated funds are unrestricted fvnds that have been Sel a$ide by the Exewtlve Commlttee lor particular purposes. Restricted funds are funds vA)ich are to be used in accordance with specafic feslridions imposed by donors or which have been raised by the Pioject for particular purposes. The cost of raising and administering nds are charged against Ihe specific fund. The restricted income received during Ihe year has been spent on Pfojects in accofdance with the restii¢tion$ Imposed. 1.4 Incoming resour¢•$ Income is fecognised when the Project is legalty enlilled lo (( after any performance o)ndlllon$ have been met, the amunts mèasured reliably. and it is probable that in¢x)me WI be ceIve11. Cash donations are recognised on receipt. Other donations are rett)gnised on¢e the Project has been nottfied ol the donation, unless performance condii)ns require deferral of the 8mounL Legaryes 8re recognised on receipt or otherwise rf the Proie¢t has been notified of an inwending di$lribulic*), the amount is known. and rec¢ipt is expected. Intangible donations are included at the value of the servi¢es provlded. 11
BERWICK YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng policies Icontlnu•dl l.S Resourcès xpended All èxpenditure is accounted for on an aGc¥uals basis. Resourcos expended are alloced to the particular a¢tNty where the cost can be diiectty related to that adwity. However, the cost ¢)f ()verall dite¢b"on and administration on each a¢tivty, comprising the salary and overhead costs of the eentral fvnction, is apporlioned on the lollowing basis. based on tho amount of staff lime attributable lo èath activity. Dlrect Charitable Expenditure 700 50% 50% 70% 75% Managemfrnt Costs of and Generdtlng Adminlstratson Funds 20¥. io% 50% 50Vo 20Y• 25% Project Managerfs Salary General Purpose Property Costs Accomm¢xl81ion Project Property Co818 Ptsst89è, Ststionery, Adverbsing & Telephone Adminislralion Costs 100 1.6 Tanglble flx•d assets Tangible fixed assets arè initially measured at Cost and subwuently measured al ctssl or valuatKJn, net of depreaation and any impairrnent losses. Depreciatton is recognised so as to write off the cosl or valLtation of assets less their restdual v8lug$ over Ihoir useful lives on the tollowing bases.. Land and buildings Property improvements Equipmènt and computw equipmgnl Fixtu$ and fitting$ Motor vehicles None and straight line t)v8r 35 yea 20% straight line 25Yo straight line 9j 33.33% 8lraight line 150h reducing balance 25% reduan9 balance The gain OT loss arising on the disposal of an asset is determirted as the difference betweèn the salg proceeds and the carrying value of the asset. and is Tecognised in net incomel{eKpenditure) for the year. Fixed a$sel$ 8Te capitalised, at cost where the purchase price eXed$ £500. Any donated assets are capltalised at their estimated value at the tsme of receipt of the grft. 1.7 Fixed asset investments Fixed asset investments are initially measured at trans8Ction price excluding trans8¢tion eos15. and are subsequently measu¥¢d at fair value at each reporting dale. Changes in fair valLtg are recogniqed in net incomel(expendilur$) for the yw. Transacty)n costs are expensed as incurred. 1,8 Impalnnent of fixed assets At each reporting end date, the Proje¢t reviews the carwng amounts tsf ils tangible assets lo detem)Ing whethei there is any indication th* those assets have sulfered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in wder to deteTmine the extenl ol the impalmi$nl loss Irf any)_ 12-
BERWICK YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng polScles {Contlnu•dl 1.9 Stocks SILyA(s are stated al ihe lower of Cost and e5timatsd sèlling price less costs to complete and sell. Cost comprises direct materials and, where applicable. direct 18bour ¢o$ls and those overheads that have bee inujrred in bringing the stod(s to their present location and condition. Items held for distribution al no or r¢ominal cnnsideration are measured at the lower of replacement 81 and ¢osl. Net realisab1e value is the estimal¢il $elling prica less all estimated wsls of completion and c051s to be inojrred in marketing, selling and distribution. 1.10 Cash and cash èqulvalents Cash and cash equivalents indude cash in hand. depo$it$ held at call vmth banks, other short-temi fiqutd investments with original maturitie5 of three months or less. and bank overdrafts. Bank overdrafts are shown within bofrowings in current 5iabililies. 1.11 Flnanclal instruments The Projeet has elected to apply the provisions of Se¢tion 11 'Basic Finanaal Instruments. and Section 12 'Other Finanual Instruments Issues, of FRS 102 to 81101 its financial instruments. FinaKial tnstruments are recognised in the Project's balance sheet when the Project becornes party lo the contractual provlsions of the instrument. Financial assets and liabilities are offsel, with the net amounts presented in the fin8nri81 st8lemenls, when there is a legally enforceable rÉght to set off the rOgnised amunts and theTe is an intention 10 settle on a net basis or to realise the a$sel and settlè the liability simtjrtaneously. 8a$ic financial assets Basic financi81 as$ets, whi¢h indude debtors and cash and bank balances, are inth.ally measured al transact)n PFice indud¢ng transadion costs and are subsequently carried at amortised cost using the effe¢ve interest method unless the arrangement constitutes a financirg transaction, where the transaction is measured al the present value of the fuluTe recèipts discounted at a market rate of interest. Financial assets dassified as receivable within one year are not amortised. Basic financffal liabiliti•s Basic finanaal liabililies. including cred4tor5 and bank loans are inibally recognised at transaction price unless the arrangement constitutes a finanryng Iran58¢tion, where the debt instrumenl is measured at the present value of tho future payments disCted al a market rate of Ènl&r8St. Finanaal liabilitiè$ dassified as payab thin one year are not amortised. Debt instruments ara subsèquently carried at amortised cost. using the effectwe interest rale method. Trade c¥editors are obligation$ lo pay for gc4)ds or services that have been acquired in the ordinary course of operations from suppliers. Amounts PaYae are classified as Current liabilities if payment is due within one year or less. If not, they are presented as non-ctsrrent liabilities. Trade creditors are recognised initialty at transaction price and subsequently measurt at amort15ed cost using the effeciive interest method. Derecognltlon of flnanelal Ilabllldes Finanaal liabilities are derecognised when the Pioje(a's conlr8ctual obligation$ ¢xpire gr ar¢ discharged or cancelied. 13-
BERWICK YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Aecountlny policiv4 IContlnued} 1.12 Employeè bgnefft¥ The cost of any unused holiday entitlemènt is recognised in the p&riod in which the employee's service$ are recèived. T#rrrMn8tion benefits are recognlsed immediatety as an expense when the Proiect is deman$lralSy committed lo terminate the ernOYment of an employee or lo provide termination benefits. 1.13 Leases Rental$ payable under operating leases. including any lease incentives reiVed, arè ¢harged as an expense on a straight line basis over the term of the relevant lease. 1.14 Grants All gr8nt$ 8re used for charitsble expenditure and capit81 items 8nd are Tecognised in full in the year in which they are receNable. or whan the conditsons lor receipt hav8 been met. 1.15 Income from Inv•stm¢rtts Invè5tmenl income comprlses dividends receivable during the year on listed investmtrnl$ held in the Unrestiicteil General Funds and interest receivable. Criti¢l accountbng ostlm#ts$ and ludgements In the application ol th& Projecl's accounting poli¢ie$. the ExeuJtNe Committee are required lo make judgements, estimatgs and assumptions atX)Ltl the carrying amount of assets and liabilitie3 that are not readily apparent from other SOUT$. The estimates and 85socialed assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may drffer from these estimates. The estimates 8nd underfying assLmptions are reviewed on an ongoing basis. Revisions to ac£ounling eslirrates are rècognised in the peiic¥J in which the estimate is revised Whe the revision affects only that period, or in the period of the revsion and futuro periods where the revision aff¢ds both rJJrrenl and fuiure periods. Grants and donnS Unr•stri¢ted Restrlcted funds fund¥ Totsl 202S Totsl 2024 Oonalions and grants Legacies receivable 24.358 3.000 150.713 175.071 147,296 27.358 150,713 178,071 147,296 Unreslricied donations $nrt grants indudes an Intan9ible donation ot £1.00012024.. £1,000) in the forni of proll services given ty Northumberfand County Counal and recorded as Prolessional fèe$. 14-
BERWICK YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Chpritsble activitits 2025 2024 Charitable rental income.. Rent and hwsing benefils 67.979 36,713 Investments 2025 2024 Inme from listed investments Interest receivable 8.328 1.273 7.505 162 9,601 7,667 Othèr In¢om• 2025 2024 Nel gain on dispos81 of18nglblg fixed assets 203,350 Raislng fund¥ 2025 2024 Investment management Costs 2,083 2.084 2,083 2,084 15-
BERWICK YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Chorltsblt actlvltles Direct Go¥•rnanee Costs of charltable ¢osts generating expendlturo funds Totsl 2025 Total 2024 Staff costs DeprecAalion and Impairment Postsge, statKJnery, telephone and advertising Sundry expenses Property cost$ Activities and evenls Motor expenses Volunteer expenses Tf8tning and travel expenses Fumishings, linen and kitchenware Professional fees Awounlancy fee Publications and subscriptions Community Centre expenses 124,344 32,869 10,269 5,134 139,747 32.869 151,888 20,350 6,043 127 24.315 13.675 9.863 370 3,781 2.032 1,726 42 24.315 863 8.632 169 48.830 13.875 9,863 370 3,781 2.032 10,799 4,090 2.802 6,868 159 61,176 20,455 8,962 6,374 10.799 4,090 10.820 2,802 1.885 650 223,565 51.241 5.997 280.803 293,955 Analysis by fund Unrestricted funds- general Unrestricted funds- designated Restrted fvnds 68.104 18,708 136.753 39,246 107.350 18,708 154,745 11,995 5,997 223,565 S1.24t 5,997 280,803 For the y•ar ended 31 March 2024 Unrestricted funds- general Unr8stiicted funds- design*ed Restred fvnds 133,179 18.708 79.282 37.014 170.193 18.708 105.054 20,007 5,765 231,169 57,021 5.765 293.955 Govemance costs indudetl payments to the independent arnIer of £4.090 12024.. £4,044) for aceoijntancy services. Net movement In fund 2025 2024 The net mov6menl in fur$ is stated aft¢¥ chargingl{¢xediting}.' Depredalion of owned tangible fixed assets Profit ors disposal of tangible fvxed assets 32,869 1203,350} 20,350 16-
BERWICK YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 Ex•cuttve Commlttee No MneratIOn12024. £Nill directty or indirectly out of the fvnds of the Project was paid or payable for the year to any Executive Committee Member or lo any person or persons known to be connected with any of them. No reimbursement12024'. £Nill of expenses has been madg or is due to be made to any Executive Committee Member in respect ofthe year. 11 Employees Number of èmployees The average morhlhly number of employees during the year was.. 2025 Number 2024 Number Full Ilme employ$ Employment Costs 2025 2024 Wages and Salaries Soaal securtty costs Other pension c0515 120,628 11,380 7,739 131,860 11,731 6,297 139,747 151.888 There were no employees whose annual remunerati¢n was £60.000 OT more. 12 T•xatlon The tharity is exempl from tsxation on its activities because all tts income is applied charitable purposes. 13 Net gain(11}$se5I on inveBtrnents 2025 2024 Revaluation o16nvestments Gainlllossl on sale ol inveslrnenls (16,4681 16,093 1,231 {5,0331 {3751 13.8021 17-
(o ¢7) 0
BERWICK YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 Fix•d asset investmènts Llsted Invèstments Cost or valuatbon At 1 April 2024 Addition5 in year Valuali¢n changes Disp0s81s 216.341 73,833 1375) 174,375} At 31 March 2025 215,424 Carrylng amount At 31 March 2025 21S.424 Al 31 March 2024 216.341 Flxed asset inv•stments revalued Listed invostmenls are slated at market valLtè. The historical cost of the investments is £225.456 {2024.' £210,773). Investments are stated at their mid-markel value al Ihg balance sheet date. Investments are professionalty Managed and valued by Bfgwin Dolphin. The investment objecbves are to achieve a b8lance of income and capital growth with an emphasis on income, assuming a low risk profile. The unrealised gain$ l (loss•s} arising from changes in market value are adjusted against th¥ UnrestTKted General Funds. 16 Sto¢ks 2025 2024 Finished go¢$ and goods for resale 100 17 Dobtors 2025 2024 Amounts falllng du* within on• y•ar. Piepayments and accrued ir¢come 17,355 16,542 19-
BERWICK YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 Creditorn: amounts falllng due wlthln one year 2025 2024 Notes Deferred income Other creditors Accruals 19 2S.380 35,605 4,353 1,005 4,953 65,338 5.958 19 Deferred Income 2025 2024 Other ¢Jglerred income 25,380 Delerred in¢orne is made up as follows.. Ballinger Charitable Tnjsl Corn Foundation." F.B. & P.F.B. Lough Fund National Lottery Community Fund.. Northumberfand Youth Work Nefvtfr 10,000 5,000 10,380 25,380 20-
BERWICK YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 20 Restri¢tsd funits The income funds of the Project indude resthcted funds comwising the following unexpended balanc£s of donats'ons and grants held on trust for speafic PL¢rposes'. At 1 April 2024 Incoming resource Re¥oUr8 At 31 Mar¢h expended 2025 Fixed Asset Fund 43,016 150,713 (154,745) PTevlou$ y¢ar: At 1 Apr51 2023 Incom5ng resource3 Resources At 31 Mah expended 2024 Fixed Asset Fund Communty cent Fund 43,492 8,478 96,100 198,576) 18,478) 43.016 51,970 96,100 (105.054) 43,018 The Restricted Fixed Asset Fund consis1$ of donations and grants receNed for specrfic purposes and related expenditure. The balance carried fOard represents fijnds to be used in the nexi year and the value of restricted items ¢apitalised. The Restricted Community Centre Fund o)nsisled of donatlons and grants le1¥ed speufically for the purpose of potential redeveloping the fomier Community Centre. However. as indicated within the 2024 TN5tees Report, the ExecutNe Committee decided that it W8s not in the Projeds best interests to pursue a redeveloprnenl project due to rlsing Costs and time limited funding offers expiring. Therefor8, thè building was subsequently sold on the 20 August 2024. 21
BERWICK YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 21 Unrestricted funds- d#signated These are Unstricted funds which a malerial to the Project's activities and have been deslgnated by Ihe Execulive Comfflillee for specific purposes. At 1 Aprll 2024 Resources frxponded Tran¥fer8 At 31 March 202S Property Fund CommLtnily Centre I Supportgd Aceommodalion Fund Apprenticeship Training Fund Mountain Bike Track Fund Mini Bus Replacement Fun 622,643 118.708) 803,935 200,1M) 121JO.0001 130.LX)O 30,CKIO 40,rx)o 130.1YXI 40,000 822.643 118,708} 803,935 Previou¥ year. At 1 April 2023 Resources expendad Tran¥fer8 At 31 March 2024 Property Fund Communty C8nlre I Supported Accommodation 641.351 118,7081 622,643 200,000 200.000 841.351 118,708) 822,643 The Property Fund was a Restrided Fund tl8nsferred from the ohj Prolect in Te8pect of the premFses of the Projeci's Goldèn Square site. It represents the value of Ihe land and building, wilh deprecrdtion ¢harged annually against the fund over the remaining life of the building. As there are no longer any restiidions on this fijnd as it Is oUtsth any claw back pèriod, the Executive Committee dectded in 2018 to transfer the errtire balanc4 into 8 deSnated fund. The Community Centre I Supported Accommodation Fund was a fvnd designated by th Executive Commltt¢e l¢)wards the potential redwelopmenl of the fomier Community Centre, or any other such replacernent cf Supported Accommodation prowsion. Howev¢r. following the decision not to pursue the redevelopment of Ihe lomer Communty Centre, the Executhle Commsttee took the decishtin lo re-designate the funds for the foslowing p*Jrposes by w>y ol transfer. £130,000 for an Appfenliceship Training Fund- designated In order lo fijnd tsyo apprenliceships in Conjunction wSth Sunderland Universty and cover employment costs f¢y a minimum offv40 years. £30.000 for a MoLtntain Blke Track Fund - designated in ordor to explore the creation of a mountain bike track at Scremerston. £40,1)00 fof a Mini Bus Replacement Fund- designated for a future Teplacement of the Projecys vehicles. -22-
BERWICK YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 22 Unrèstricted fvnd$ The inrne lunds of the Project incltKle the followTr)g funds which have been set aside out of unrestricted funds by the Executive Committee for Bpecifjc purposes.. At 1 April 2024 Incoming resources R¢8our¢•$ exnded Galns and At 31 March loss•$ 2025 Gèneral fvnds 122,338 308.288 1109.433) {3751 320,818 Pr¥vlous year- At 1 Apr51 2023 Incomlng resources Resources expended Gains and At 31 March lo$$es 2024 General fuftds 202,841 95,576 1172.27n 13,8021 122,338 23-
to C4 ¢D EgX41 J I *0 uj
BERWICK YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 24 Donations arKI Grants of £5,000 and over During tho yeai, grants and donations fe¢ei¥ed of more than £5,000 were as follows-. 2025 £89.717 £40,000 £10,560 £10,000 £10.IX)O £5,000 £Nil £Nil £Nil £Nil 2024 £Nil £40,000 £20.970 £27,500 £10,OIX) £10.000 £10.000 £5.833 £5,10 £5,(M)O National Lottery Community FLEnd'. Northumberfand Youth Netrm BBC Children in Need Education Support SeNices Ballinger Chantablo Twsl Wellesley Twsl Com Foundation.. F.B. & P.F.B. Lough Fund Bemiaa Foundalitsn North ofTyne VCSE Com Fgundation.. Cost of LNing Fund Bek Rotary Club 25 Relatsd party transaetions ReMuratIon of key management personMI The lolal remun&ralion of thè senior management team excluding Employers Naliorwl Insurancè costs was.. 2025 2024 Aggregate compensation 1(Kl,189 101.530 Key m8nagemenl has been delermtned lo bè the Executive Committee and the 3 members of the senior management tearn. The Executive Committee receNe no remuneration or benefits. Transaction$ wlth related parties During thè year. the Projed inwrrgd electtical expenses as part of il's nornal maintenance programme of njnning costs from Landels Electric81 IBoTwickl Ltd totalling £3,14912024.' £2,771>. Mr S. Landels is a Director ol Landel$ Electrical (Berwickl Ltd as well as an Ex¢oJtive Committee Member of the Project. Al the year end no balance rÈmained oulstanding (2024.. £NiE). Funds received a$ agent During the year, the Project re¢ewed £344.097 from Northumberfand Youth Work Neork. nded by the Nat101181 Lottery Comrnun¢ty Fund. These funds were provided to the Project, in order to distribute appr(wed grant awards to SUesSful applicants. By Ihe 31 March 2025, funds totalling £301,798 had been distributed, of which th¢ Project received its own share of £70,000, a$ well as £19,717 to support the hosted post of NeOrk Co-ordinator and assocjated o)sls. The balance of £42,299 has been deferTed ar will be paid OLrt aft6r the year end, with Ihe Project due to rec¢tve a fijrthei £10,380. -25-
BERWICK YOUTH PROJECT DETAILED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Donatlons and legacies Unrestrieted.. Grant5 and donaiions Unrestricted.. Legac$ Roslricted.. Grants and donalSons 24.358 3.(KlO 150.713 51.196 .100 178,071 147.2 Invesknent In¢omt Unrestricted.. Investment portfolio income Unreslr4ded.' Bank interest 8,328 1,273 7,505 162 9.601 7,667 Incomlng resour¢es from charltable actlvltl•s Unrestricted.. Rents and hotjsing benefits Other Ineomlng resources Unrestricted.. Gain on disptssal of tsngible fixed a&sets 67.979 36.713 203.350 Total Incomlng rnsources 459,001 191,676 Resoure nded Costs of 9enerating funds Investment managèmènt ¢osts Unrestricted.. Investment management costs 12,0831 12.0841 8al*n¢• Carried Forward 456.918 189,5¥2 -26-
BERWICK YOUTH PROJECT DETAILED INCOME AND EXPENDITURE ACCOUNT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Balance Brought Forword 456,918 189.592 Charitable acbvltles Dlrect charÉtable expenditure Unre$trided'. Salari9$ Unrogtricled.. 08preciation Unrestrided.. Postage, slalionery, telephone an¢J advertising Unreslrided.. S¢Jndry expenses Unre$lricted.' Property costs Unrestricted". A¢tivities and even15 Unrestricted= Motor expenses unStried.' Volunteers, exFenses Unrestricted-. Tialning expenses Unrestrided.. Furnishings. linen and kilthenware Unrestrided-. Publications and subscriptions Unrestricted., Communty centre expenses Designaled.. Depreualion Reslrided". Salaries Restricted.. DepreCian Restricted.. Postage, slalionery, telephonè and advertising ReslriiAed'. Property wsts Reslrided.. ActNitie$ and events Restricted.. Motor expenses Reslrided.. Fumishings, linen and kf(rhenw8re 12,485 1.207 94.368 t,166 3,434 127 19,980 11.070 8,863 370 3,781 632 2.802 3.344 18,708 111,859 12.954 119 12,898 7,855 5,962 344 6,374 650 18,708 42,286 476 3.250 17,690 12,600 3,000 4,335 1.400 1223,565) (231.169) Governan¢è costs Unrestrided.. Sundry expenses Vnrestricted.. Property costs Unrestricted". Professional fees Unrestrided.. Accountan Re5kn"cted.' Sa18ries Réstricted.. Postage, stst¥)nery. telephone and adverts'sing Restricted.. PTofessional fees 42 24,315 10.799 4,090 10,269 40 30,588 2,342 4,044 10.156 1.726 1.373 8.478 151.2411 (57.0211 Balance Carrled FoMrd 182.112 {96,5981 27-
BERWICK YOUTH PROJECT DETAILED INCOME AND EXPENDITURE ACCOUNT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Balance Brought Forward 182,112 (98.5981 Costs of generating funds Restricied.. Salarles Re$lriLted.' Postage. statlonèry, lebphone and advertisin9 5.134 5.078 {5.99n 15,7651 Net movemant On Investments Vnrestricted.. Revalu81ion gain I Iloss) on investments Unrestricted.. Gain l (lossl on sale of investments 116.468) 16,093 1.231 (5.0331 13751 13,8021 SurplusllDtficit) for the Year 17S,740 1108.1651 -28-