2025-03-31-accounts

Rryi￿ered Nufflber: CE012409 awity Number: 1175866 BERKSHIRE YOUTH TRUST IA Charitable Incorporated Organlsationl Unaudited Trustees. Report and Flnancial Statements For the Year Ended 31 March 2025 Biy BERKsHifiE YOUTH T￿usT- IIPa8e

BERKSHIRE YOUTH TRUST IA Charitable Incorporated Organisation) CONTEpirs Page Reference and admlnlstrative detsils of the dbarlty, Its trustees and •d¥lsers Trustees, Report Independent Examinerfs Report Income and expendlture ￿cOunt io Balance Sheet li Notes to the flnan¢lal ststements 12-14 21PaKe

BERKSHIRE YOUTH TRUST (A Charitable Incorporated (kganisation) REFERENCE AND ADMINISTRATIVE DETAIiS OF THE COMPANY ITS TRUSTEE5 AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025 Trustees: R.G. Smee M. Farrant C. Smee Lord St John of BletS0 Company re8lstered number- CE0124Tr3 Charity Reglstered number- 1175866 Registered Office Field Seymour Parkes, the Old Coroners Court. l London Street. PO Box 174. Reading, Berkshire, RGI 4QN. Patron Lord St John of 81etso Solicitors Blandy & 81andy. l Friar Street. Reading RGI IDA Independent Examiner PJA Greenwood FCA. Wheailands Farni. White Horse Lane, Finchampstead. RG40 4LZ

BERKSHIRE YOIITh TRUST (A Charltable Incorporated Organisation) (Registered Number: CEO 124091 (Charfty Number. 1175866) TRUSTEES ANNUAL REPORT FOR THE PERIOD ENDED 31 MARCH 2025 The Annual report serves the purposes of both aTrustees' report and a directors, report under companv law. The Trustees confirm that the Annual report and financial statements of the charitable companv comply with the current statutory requirements. the requiremerrts of the charitable company's governing document and the provisions of the Statement of Recommended Prattice {SORPI applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 (effective l January 20191. Since the Company qualrfies as small under section 382, the strategic report required of medium and large companies under the Companies Act 2(K6 IStrate8ic Report and Dirertor's report) regulations 2013 is not required. Our Aims and Objectlves Objectlves The objects of the Berkshire Youth Trust (B￿> as set out in its CODStitutional documents is the acquisition and provision of facilities to charitable operational groups. including Berkshire Youth18YI, for the education and in the interests of the social welfare and recreation of children and young persons resident in Berkshire. The main focus is to promote and develop their physical, social. Spiritual and mental capabilities. Nothing in the constitution of the CIO authorises an application of the property for purposes which are not charitsble. Alms The objectives will be achieved by workin8 With Local Authorities in Berkshire to identify town centre buildings which are 5Ultable for conversion to provide high quality"inspired faciltties". attractive to young people and which-. offer a broad range of appropriate activities within a modern environment. provide a wide range of personal and ￿Kial development opportunities to help and support young people in their transitlon from adolescence to adulthood. where appropriate. offer quality professional support based on individual needs to enable further achievement. where appropriate. promote positive intervention within the Agenda lor Early Intervention and Prevention IEIP). create opportunities for young people to eTh8a8e wtth their community by undertaking volunteering artivities for the benefrt of the community in their bcality. offer training and learning qualifications in the provision of Youth service5 to young people. 4 IPa8e

Partnerships Acquisition. refurbishment fittin8 Out and the long-term maintenance and upgrading of these building5 will be funded in part by:_ Maintenance dause5 under the lease. • Local Authorities. Institutions and supportive I(￿al companies: and • Other educational eslablishments. where we create opportunities for their pupi15 to engage in their spare time with young people less fortvnate than themselves for personal advancement, opportunities to volunteer and gain qualifications in youth work. The daily operation of these facilities are currently undertaken by 3 related Charity. Berkshire Youth (BY) la company limited by guarantee Re8iStered number 04493501. Charity number 11063411. Our achievement5 to date Whilst there are additional initiatives being pursued, the purchase of a 50% interest in the Waterside Centre. Waldegrave Place. Newbury RG14 IDF remains out achievement to date. The building is owned 50150 by Berkshire Youth Trust (BYTI and West Berkshire Council IW81. The building has been completely refurbished and is 100% leased to 8erkshire Youth to offer their much needed services to youngsters in the local communities. Berkshire Youth enjoy an advantageous lease agreement with BBY Waterside Limited and West Berks Council io occupy the building for a term of 35 year5 from cornpletlon of the purchase for a rent of £5,000 per annum. The Byr income and expenditure for the year to 31st March 2024 is included in the Income and Expenditure Account at page 11. Ensurln8 our work delivers our aims We review our aims, objertives and artivitie5 each year. We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aim and objective5 and in planning our future activities. In particular. the trustees consider how planned activities will contribute to the aims and objectives they have set. How our artivities dell¥er publlc benefft All our charitable activities continue to focus on providing high quality'inspired. club facilities for young people aged 8-18 years to enable providers of youth services. such as Berkshire Youth, to offer. high quality and safe environments for young people. These state-of-the-art facilities offer an alternative to young people. particularly those vulnerable to the lure of gang culture and the financial rewards from criminal activity. In order to achieve the best opportunities and outcomes for young people the facilities will be managed within a community model. The local community will be allowed access to the building through user group5 who work with different sectors of the community from young children to old people for social and other community events. This will ensure that the facilities are used to capacity. This will broaden 51Page

the experience for members of the community in their partiCipat￿n as a rnemberof a user group, a5 3 young person who is a member of the dub or as a volunteer. Future Fundralsin8 Opportunltles Local Authorities h3ve been staThed of cash for the provision of youth services. except for the most extreme cases. Against this backdrop.Local Authorities have relied upon the providers of youth services, such as Berkshire Youth. to provide the services they are no longer able to offer. Providers of youth services, such a5 Berkshire Youth. rely upon annual grants and donations in order to meet their operational costs. They are not able to raise funding for G3pital investment or to endow their survival for the long temi. Whilst Local Authorities have no cash for funding youth projects, they own significant underutilised properties, typically in town ￿￿tres. which potentially create the opportunity to develop state-of-the- art club facilitie5 for youn8 people. BYT and it5 network seek to acquire such propertie5 to refurbish and lease to operational youth groups. Structure, Governance and Mana8ement Governlng Document The or8anisation is a charitable organisation incorporated and registered as a charity on 21 July 2018. The company was established under a Constitution which established ihe objects and powers of the charitable companyand how it is governed. In the event of the company being wound up members are not required to contribute further amounts to the charity. Recrultment and AppoSntment of CharltyTrustees The director5 of the company are also the charity trustees for the purposes of tharity law and under the companrfs Constitution once appointed remain in place until they retire or are removed in accordance with the Constitution. Any retiring dirertor is eligible for re*lection at the next Annual General Meeting. All charity trustees provide their time voluntarily and re￿iVed no benefits from the charity. The trustees seek to ensure that the needs of young people are appropriately reflected through the diversity of the trustee body and its network. Obli8ations of Charfty Trustees. The main documents which set OLrt the operational framework for the charity including the Constitution and the latest published report and accounts, is made available to all new and continuing Trustees. The Charity Commission's guide "the Essential Trustee" is distributed to all new trustees alon8 With the Constitution. R15k Management From time to time the Trustees condurt a review of the major risks to which the charity Is exposed. Where appropriate. systems or procedures have been established to mitigate the risks the charity faces. Significant external risks to fvnding have led to the development of a strategic plan which will allow for the diversification of funding and activities. Internal control risks are minimised by the implementation of procedures for authorisation of all transartions and projects. Procedures are

in place to ensure operators ol the Charl￿5 properties put in place appropriate policies for safeguarding,. health and safety of members of the clubs. staff, volunteers. and visitor5 to the facilTrties.' and data protection. These procedures are periodically reviewed to ensure they continue to meet the needs of the tharity. Organisatlonal Structure 8erkshire Youth Trust Trustees seek to meet quarterly and are responsible for the strategic direction and policy of the charity. At present the Committee consists of four members relevant to the current work ofthe charity- statement of Trustee< Responslbilities The Trustees are responsible for preparing the Directors, report and the fiTrancial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial Statements for each financial year which 8ive a true and fair view of the state of the affairs of the charitsble company as at the balance sheet date and of its incoming resources and application of resources. including income and expenditure. for the financial year. In preparing those financial statements. the management committee should follow best practice and.. select suitable accounting policies and apply them consistently.. observe the methods and principles in the charities SORP,- • make judgements and estimate5 that are reasonable and prudent: state whether applicable UK Accounting Standards have been followed. subject to any material departures disclosed and explained in the financial statements: and prepare the financial statements on a going concern basis unless it is inappropriate to presume that the company will continue in operation. The Trustees are responsible for maintainin8 proper accounting records which disclose with reasonable accuracy the financial position of the charitable company. to enable them to ensure that the financial statements comply with the Companies Act 1985. The Trustees are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable Steps for the prevention and detection of fraud and other irregularities. Trustee Management Comrnittee Members of the Management Committee. who are directors for the purpose of company law and trustees for the purpose of charity law, who served during the year and up to the date of this report are set out on page 3 Investment Pollcy

A prudent sum will be retained in reserves each year. Most of the charit(s funds are raised to be Spent on projects so in the thort term there will be few funds for longer term investment. However. the longer temi plan is to raise signrficant sums in advance for new projects and to endow Berkshire Youth so that it carn continue to prowde serv5￿$ to the young people of Berkshire. When and if substantial funds become available the Trustees will take advice from competent investment advisors for the purposes of long-term investment. Grants. donatM)ns and other surns received in advance will be invested on the money market. Reserves Policy The Managernent Committee has examined the chariws requirements for rese￿e$ in light of the main risks to the oreanisation. It has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity $I￿uld be between 3 and 6 month5 of the operational expenditure. Between £15.(￿ to £30.IYJJ is maintained in 8eneral funds. The reserves are needed to meet the working capital requirements of the charty and the Management Comrnittee are confident that at this level they would be able to continue the current actMtie5 of the charitv. Approved by the Management Committee on 025 and signed on its behalf bv: Rog Guy Srnee (Tr

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2015 Independent Examiner's Report to the Tn15t•es of Berkshtre Y*)￿h Tn￿t Ilhe Comp•nVI I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 March 2025. Respon$lbllltie5 and Ba515 of Rep¢xt As the Trusteès of the Company land its directors for the purrM)ses of company lawl you are responsible for the prepaiation of the attounts in accordance with the requirements of the Companies kt 20061.ihe 2CI)6 Act'l. Having satisfied myself that the accounts of the Company are not required to be aLKlited under Part 16 of the 2006 Act and are eligible for independent examination, I re￿rt in respect of my examrnation of the Company's accounts carried out under section 145 of the Charities Act 20111.the 2011 Act'l. In caryin8 Out my examination I have followed the Directions 8iven by the Charity Commission under section 145lSllbl of ihe 2011 Act. Independent Examinerfs Statement Since the ¢harity'S gross income is more than £250.(KK) your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of The Institute of Chartefed Accountants in England aThJ Wales, which is one of the lisied bodies. I have completed my examination. I confimi that no matters have come to my attention in connection with the examination giving me ¢ause to believe: accounting rècords were not kept in respett of the CLxnpany as required by settion 386 of the 21J)6 Act; or 2. the accounts do not accurd with those records- or the accounts do not compty with the accounting requirements of section 396 of the 2(lJ6 Act other than any requirement that the accounts give a and fairf view which is Njt a mètter considered as part of an independent examination.. or 4. the accounts have not been prepared in a¢cordance with the methods and principles of the Statement of Recommended Practice for accounting and reportine by Charities lapplicable to charities preparing thÈir accounts in accordance with the Financial Reportin8 Stsndard ap￿ICable in the UK and Republic of Ireland IFRS 10211. I have no cOn￿rn$ and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. This report Is made solelyto the Company's Trustees. as a body. in accordance with Part4 of the Charities IAccounts and Reportsl Regulation$ 21)J8. My work ha5 been undertaken so that I might state to the Company's Trustees those matters l am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law. I do not accept or assume responsibility to anyone other than the Company and the Company's Trustee5 a5 a body. for my work or for this report. Sig Dated.. Patrick y Greenwood Fellow of the Institute of Chartered Accountants in England & Wales Wheatlands Farm White Horse Lane Finchampstead 8erk5 RG40 4LZ 91?age

BERKSHIRE YOUTH TRUST (A Charitable Incorporated Organisationl INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 UnreStri￿e￿ Restricted Funds nds 2025 2025 Total Funds 2025 Totsl Funds 2024 INCOME Voluntary Income-Donations Grants Inveslment 674 674 605 TOTAL INCOME 674 674 60S CHARITABLE ACTIVITIES Bank Charges Sundry expenditure Governance- Legal & Professional 60 120 -20 -20 TOTAL EXPENDITURE SUMMARYOF FUNDS NET INCOME 634 634 425 FUNDS BOUGHT FORWARO 622.093 600293 1,222.386 1.221.961 FUNDS CARRIEO FORWARD 622.727 600293 1,ZZJ,O2O 1.222.386 IOIPage

BERKSHIRE YOUTH TRUST IA Charitable Incorporated Organisation) BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 HXEO ASSETS CURRENT ASSETS Long temi loans to BBY Iwateryde) limited Cash at bank Total Current Assets 1,193,725 29.296 1.223,021 1.193.725 28,662 1.222,387 Credltors: Amounts falllng due wlthln one year Net Current Assets 1,223,021 1.222,387 NET ASSETS 1,223,021 1222.387 CHARITABLE FUNDS Restricted Funds Unrestricted Fund 622.727 6￿.293 622,093 6￿,293 Share Capitsl TOTAL FUNDS 1.223.021 1,222,387 The financial statements were approved and authorised for issue to the Trustees on ................. 2025 and signed on their behalf by.. Roger Guy 5fflefr Director The notes on pages 13 to 15 fom) part of tFE5e finarKial ststements 11 Ipage

BERKSHIRE YOUTH TRUST (Formerly Bradfield Berkshire Youth) IA Charitable Incorporated Organisation) t4otes formlng part of the Flnanaa Statements for the year ended 31 March 2025 l. Accounting Policies The printipal accounting polKies are summarised below. The accountin8 policies have been applied consistently throughout the year and in the preceding year. la) Basls of accountin8 The financial statements have been prepared in accordance with the Charities SORP IFRS 1021- Accoltnting and Reporting by Charities: Statement of Recommended Prartice applicable to charities preparing their accounts in accordance with the Statement of Recommended Practice ISORPI applicable to charitie5 preparing their accounts in accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland {FRS1021 leffective l January 20191. Berkshire Youth Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unle55 Otherwise stated in the relevant accounting policy. Ibl Fund accountlng Unrestrirted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Unrestricted funds include a revaluation reserve representing the restatement of investment assets at market values. Designated funds are unrestricted funds earniarked by the Management Committee for particular purposes. Restrscted funds are subjected to restrictions on their expenditure imposed by the donor or through the temis of an appeal. (¢) Incomin8 resources All incoming resources are included in the Statement of financial artivities when the charity 15 entitled to. and virtually certain to receive. the income and the amount can be quantified with reasonable accuracy. The following policies are applied to particular categories of income.. Voluntary income is received by way of grants. donations and 8ifts and is included in full in the Statement of Financial ActiVtt￿S when re￿IV0b1e. Grants, where entitlement 15 not conditional on the delivery of a specific performance by the charity. are recogni5ed when the charity becomes unconditionally entitled to the grant. Donated services and facilities are included at the value to ihe charity where this can be quantified. The value of services provided by volunteers has not been included in these accounts. Investment income is included when receivable.

Incoming resource5 from grants. where related to performance and specific deliverables, are accounted for as the charity eams the right to consideration by its performance. Id) Resource5 expended Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure include5 any VAT which cannot be fully recovered. and is repcrfted as part of the expenditure to which it relates: Costs of generating funds comprise the costs associated with attracting voluntary income. Charitable expenditure comprises those Costs incurred by the charity in the delivery of its activities and seThices for its beneficiaries. It includes both costs that can be allocated dirertly to such activities and those costs of an indirett nature necessary to support them. Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and indude costs linked to the Strategic manaBement of the charity. All costs are allocated between expenditure categories on a basis designed to reflect the use of the resource. Costs relatin8 to a part•cular artivity are allocated directly. others are apportioned on an appropriate basis. le) Flxed Assets Fixed a55ets (excluding investments} are stated at Cost less accumulated depreciation. The costs of minor additions or those costing below £l.IM are not capitalised. Depreciation is provided at rates calculated to write off the cost of each asset over its experted useful life. which in all cases is estimated at 4 years. Impairment reviews are carried out as and when evidence comes to light that thai the recoverable amount of a functional fixed asset is below its net book value due to damage, obsolescence or other relevant factors. In Investment5 Investments held a5 fixed assets are revalued at mid-market value at the balance sheet date and the gain or1055 taken to the Statement of Financial Acrivities. Investment in the subsidièry is included at cost plus any long term amounts due by the subsidiarles. Any provision5 for diminution in value of subsidiaries or amount5 due by subsidiaries deemed to be irrecoverable,. and any surpluses accruing to the charity as a result of the sale of the shares of the subsidiaries or their a55ets,' are taken to the Statement of Financial Artivities. 2. Fixed Asset Investment The fixed asset investment relates to one ordinary share of £1 in BBY Waterside Limited. a company incorporated in England, company number 10990928. 13 Ipage

1. LonB Terrn Loans to 88Y Walerskle Limited Long Term Loans of£l,193,72512024 £1,193,725) to BBY Waterside limited, a company wholly owned by the Trust were made to fund the acquisition and refurbishment of the Waterside Centre. Newbury. Berkshire for the purposes of providing preventative youth services for under privileged young people in West Berkshire. These loans are unsecured. interest free and have no fixed date for repayment. The intention of the Twstees is that in due course these loans will be converted into shares in the BBY Waterside Limited.
2. Surnmary of F￿dS 2025 2024 Vnrestrfcted Fund5: Balance brought forward Income Expenditure Transfer to Restricted Funds 8alance carried forward 622.093 674 40 621.668 605 622,727 622,093 Restricted Funds Balance brou8h forward Income Expenditure Transfer from Unrestricted Funds Balance tarried forw¥d 61x1,293 600,293 6(K>,293 6￿.293 Totsl Funds Balar)ce brought forward Income Expenditure Transfer to Restricted Fund5 Balance carried fon¥ard 1.222.386 674 1.221.961 605 -180 1,223,020 1,222.386 Unre5trirted Funds are the funds which the Trustees are free to use for the Trusts Charitable Objectives.
3. Related Party Transartlons Donations received from trustee5 for the year ended 31 March 2025 is £Nil (2024= £Nill. During the year to 31 March 2025 the Trust made interest free unsecured loans of £Nil to 68Y Waterside Limited {2024- £Nill. These loan5 are to be converted into shares in BBY Waterside Limited in due course. At the year end, theTrust was owed £1.193.725 (2024 £1.193.7251 by BBY Waterside Limited. 14 IF>age