Charity registrdlon number 1198661 {England and Wal8$1 C¢)mpany registration number CE028811 BERWICK JUNIORS YOUTH DEVELOPMENT TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024 BERWICK JUNIORS YOUTH DEVELOPMENT TRUST LEGALAND ADMINISTRATIVE INFORMATION Trustses Mrs R. Ingram ￿reaSU￿rI Mrs D. Johnson {Child ￿lI￿e Offw) Mr J. McLeod Chairman) Mr 8. Rob￿1 Chaimwl (Appomled 18 June 20231 (Appointed 18 June 2023 and resigned 8 Janlsary 2025 Ex•cutSv• Commltt•• Mr S. Inw*n IChaThanl Mr D. Heston {Appointed 12 Ociobei 20231 Mr M. Johnson {AppoinlgJ 18 June 20231 Mrs K. Wamon {Appoinl&a 18 Junè 20231 Mrs M.J. All￿ (Child ￿11￿9 Offw) IAppoinl&1 16 Junè 2024 Mf R. Punton {AppoinlwJ 18 JU￿ 2023 Mf K. Ainshe IApwnle4J 18 Jung 21r231 Plr M. Ajlan Iseuetary) IApwnled 16 June 20241 Mr S. Siwyson (Apptynted 16 Jun8 20241 MiuA. thxon IAppoinl•J 18 Juno 20241 Mr C. Todd IApwnt8d 16 June 2024 Mf S. Han*1 IApwnlwJ 16 JU￿ 20241 Mr3 L. Mclennan (Appoint•d 16 Jun& 2024} Secretsry Mr M. Ajlan Charfty number 1198861 Comp•ny numbor CE028811 Prbn¢lpal •ddrH• 45 Chwc* Ro•d TweedrTr)uth BeNc* Up(￿ Twoed TD15 2AN Ind•pond•nt•xamln•r Coln Frame CA 17 Wdlkergate B8NL*.up0￿T¥IWd Northurnterland TD15 1DJ BERWICK JUNIORS YOUTH DEVELOPMENT TRUST CONTENTS Pa TnJstees report Independent examinerfs report Stalemenl ol finandal actlvltles B8lan¢e sheet Notès lo the finonciol Stal￿8ntS 8-18 BERWICK JUNIORS YOUTH DEVELOPMENT TRUST TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MAY2024 The Tnjslees and ExeoJti¥e Conmrttee preserrt their report for the year eTrJed 31 May 2024. The ffinanaal statements have been prepared in accordan￿ wilh Ihe ar£(￿ntIng ￿￿'(leS set ￿J1 in note 1 to the fin8n¢o1 stslements and fX)mply wth the Trust'$ Goveming t*xument, the Companies Act 2[￿ and 'Accounting and Reporting by Charilies." Stst&nwnt of Recommended PraCt￿e appI￿able to tharrties prepariThJ their accounts in a¢¢tsrdarKg Wrth Financia ReFQrting Standard aPpI￿at4e in the UK and Republic ol Ireland IFRS 1021. leffethve 1 January 20191. objectiv￿ and activiti 8erwic* JUn￿r8 Ycrtjth L*velopment Trust I￿ Trust) o*'eds are to advan￿ in life and relieve needs of young pe¢)ple in the town of Berw￿k-uPOThTrr*￿ed an¢Y the neighbour1￿d thfixigh" a. the provision ol rttyealvxal aThl ￿lsure tiffle acti¥iti•s prowd&J in the Nrterest of sorAal weff8re. desvJned to improve Iheir condilirms of I￿& in partioJlar but nol exdusivety thrwgh Ihe trainiTrJ and skills in Asscoalion Football., and b. providing support and a￿￿￿tieS whth d￿850p th8ir sklb. t2pa￿eS *KI c*Aabilit*s lo them lo pthdpato in sotsely as malure respongblg indN*Juals. The Executive Commrttee have paSd du8 rewd to guid￿ is8u•d by the Chaiity Commi58ion in thiding ￿81 8ctNrtie$ ihe Trust shwld undertake. Achl•v•m•nts *nd p•rlom•n¢• Season 2023 12024 started well, we had t3 teams ¢ntering th8 Northumberfand Fts)tball Letyues. Tho U7 and U8 x 2 enlere)me tsjr friends Irom Zeewdds ttE first bme 2019 (due to COVIDI. A huge thanks lo all our Sp￿SorS and guest families made this possitjè. had a fun pac*ed week of adNities. induding swimming, assault course. Newcastle Unrted stadium Iwr and 3 nghts of ￿m￿etitiVe football games. Well done to our U14 and U16 t•thowon the gaffles, *ryth the fDrt*irvJ the U12 arvj C¢)mmittee Cups. BERWICK JUNIORS YOUTH DEVELOPMENT TRUST TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2024 Rangers Juniors fxxjld not L¥Mtinue to run Will￿ the conliNed SUFPOrt from cAJr players. famil￿. Jathes, helpers, sponsors and Ihe hxal communty akJTrJ wrth (xjr hard wx¥kn"ng Twslees and ExecutNe Cornmittee. The lime. effort and support lo our dub by our volunteers ts greally aFfJreciated. To See the children devekn￿ng, ￿aYIng with a 5rn￿e on their fa￿. the fn"erKlships Itv make and Ihe fun they have, Wfully means they enjoy being part of our dub and takeaway many happy mEmries. Financial review A deficTt of £1.58512023.' £22.591 surplus) for the year re(xJrded on the Un￿$tr￿ed Funds. DesM3nated Funds rethed a ￿j￿luS of £4,016 during the year. folkywing their introduction, with the Re5tricied Funds re(x>rding a defiol of £5.27512023." £9.131 surplus) forts year. Cash al bank. as at 31 May 2024 stwd al £13,01312023: £17,688) in the General Acc￿jnt, £7.61512023'. £8,894) in the L)evelc¥)mwl Atx￿unt, £1.672 12023: £5.240) in the Wland A￿nt and £4,O1612￿23.' £Nifi in ts Girfs Team AcC￿j￿t. Rès•rves The Trustees and ExeoJtive CLNMmthee rec(tynise the need to o)n&¢Jer the kvel arwj nature of reserves in relation to the irKxJme aTh1 expendrture streams and firwKi* C£rfnrrth￿nts. arn1 to e￿sure U)at the level of reseNes hgld are apwc4)riate. Annud running costs are normalty in the region of £30.CO) Fer annum. Hcwever. runnirKJ o)sts this year were £62,96112023.' £29.4591. This is due in part lo the the 2023 *x))unts were for a per#)d of 13 ft￿th$. vthereas the 2024 accounts represent a fvll fina￿￿al year. 2024 aLso saw us kjsted our firsl Zeewolde exchange Sin￿ 2019 due to the COVIO-19 lockdown, Inojfring all asscciated costs and wjpsed with this, the pc*)r weather and gfxxl ¢xJp rtjns leading lo garT*S. fTMye prtd)e$. aNI altematNe hi￿ being necesstsbJ. The Trustees and ExeortNe coMm￿ee aim lo Nnprove the level of reserves in the future. Risk review The Trustees and ExeoJtNe Commitiee O￿tinu81￿ reweAf tl* rnaior risks to whith the Trusl is exposed and lo ensu￿ Ihal systems are in pl*e lo mtb.gate the rtsks Kjenb.f￿j. ￿ t￿l￿Ve Ihe iisk 8ffeth.ng us is "child prOt￿tKIn. arKI we can seek guhJarKe from Ouf k>cal Cly"kJ ￿lfare Offi￿r Gill ShEkls, ￿0 Works for our affiliated body the Northumberfand F¢)Jtball Assoaabon to ensure Ihat all the Ch￿dren %tho attend our dub sessions and games are fvlly safeguarded. All our coathes are DBS ¢hef*ed and all a￿ instructed to carry out simple risk assessrT*nls Ixfore eath game l training se5wn to enswe that thJriThJ ther time wilh us, the chiklren are fiJlty proknt&J. an$ for futur• p•riod$ As a dub. we hope to ac*ieve our obpth¥es by ensumg all our ￿lacheS ¥e fttlty train•J to FA standards atMI that all DBS l Fir5tAKI training thec*s are Ltp to date, in order that we can ietain cyjr charte￿ Stsndard Slalus. pu￿1¢ bènèfit Through0￿ this report the Trustees and ExeoJtNe committ￿ have sought to highlight those athi(ies undertaken by the Trust in fvrtheran￿ of its ¢*aritatAe ot4"edNes for Ihe benefrt. The Trust D)nknuaUy consklers its actIv￿e8 and poli(ies wrth parb"ryJlar regard to the pubk benefft guhjance pU￿ished by thè Charity Commiss*)n urKb2r section 4 ofthe CharitsesAd 2011. BERWICK JUNIORS YOUTH DEVELOPMENT TRUST TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED FOR THE YEAR ENDED 31 MAY2024 Structure. gowmanc• and manag¢ment The Trust is govemed by its Goveming D(￿n￿nI a￿1 is a charity. numbered 1198661, ac£epted by the Charty Commissmjn on 19 April, 2022. The Trustees armj ExeartNe Commrttee. who we also the directors for the PLWP)se of ￿MpanY l•, and wh) 5erv&J during the year and up lo the date of svJnature of the financgal statemènts We￿." Tn￿tees. Mrs R. Ingram (Treasurer) Mrs O. Johnson (Child ￿lfare Orr￿￿) Mr J. McLecxY Chaimanl Mr B. Robson (Vi(> Chairman) ppointed 18 June 2023) (AP￿Inted 18 June 2023 aThJ re5vJned 8 January 20251 Executive Committee: Mr S. Ingram Ichairmanl Mr S. Jackson Mrs C. Gillie Mr D. Heston Mr R. Cude Mr D. Glenn Mr M. Johrtson Mrs K. Wawon Mrs M.J. Allan (Child Welkn Offw) Mr R. Punlon Mr K. ￿'n51V Mi M. McLeman Mf M. Alan Isettetary) Mi S. Simpson Miss A. Dixon Mr C. Todd Mc S. Hamblin Mrs L. McLennan (Res9￿1 18 June 20231 (Res9￿1 18 June 20231 (App)inted 12 October 20231 (Res9￿1 16 June 20241 (ApkY)inied 18 June 2023 aThJ iesgied 16 June 20241 ppointed 18 June 2023) (Ap￿inted 18 June 2023) (Appointed 16 June 2024) (App)inted 18 June 2023) (ApFointed 18 June 2023} (ApFointed 18 June 2023 aThJ resiwed 3 September 20231 (ApF(Jinted 16 thjne 2024) (Appjinted 16 ￿ne 2024) (Appjinted 16 ￿ne 2024) IApkKJinted 16 ￿ne 2024) IAppoinied 16 ￿ne 20241 IAprx)irrted 16 June 2024) M•mb8rshlp and management of the Trust Membership is OFen to indNwJuals over the of 18 aThJ I￿tser organisations. both incorporated unincxjrporated asswatK)ns. on Foyrn*nl of an annu* subKfi"k*"on. Each member or member Nganisation is entitled to one vote. The Trust is managed by ts Tnjstees and EXec￿￿￿e Comn*ttee. fJ)mpn"gng btheen seven aThJ fifteen members. induding a ¢haimian, a seuetary and a treasurer. appointed by the members. Up lo four addith)nal members rnay be ?￿pted by the EX￿ut￿e Committee. All members of the ExeoJtwe C¢Jnmittee a￿ required to retire annually at IheAnnual General MediThJ. bLrt a￿ d￿jIble for r&eleclh)n. l Execulive Committee members are required to d￿re tt￿r dybilty to fijffil the le￿ resp)nsl)ilities of the role. Indud1￿ training approw*e do￿Menta￿n is offered to all ne4¥ members. l ExeoJtive Commrttee de￿￿On$ are ￿eterrn￿ed by a map?rity of vote5. Wrth any t¥si￿g vote exercised by the alr￿r$on. The members of th8 Twslees aThJ ExeJ)Jtive c￿nrnittee are ksted above and under Twst Information. BERWICK JUNIORS YOUTH DEVELOPMENT TRUST TRUSTEES REPORT IINCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2024 ststement of Truyteey responsilxlities The Execirtive Commrtt8e. who are also the drector5 of BwwiL* ￿nK)IS Yryjth De¥elwert Trust for the purpose of ￿mpanY law. are resp￿￿ble for PTepariTrJ the Trustees Re￿rt and the finarKyal statements in accordance with ap[Aicab￿ law and Unr(ed ￿ngth)m knunting SiaThJards (United lQng4om Generally Accepted Acy))unting Pract￿£). Company Law requires the Exethe Commrttee to p￿pare finantial ststements for eath finaniial year whith gNe a true and fair vw of the stste of affai￿ of the Trust and of the incomiThJ resou[￿S and a￿lCatIon of resources, induding the inccffle and expenditwe, of the tharitsble CoMp￿Y for Ihat year. In pyeparing these finarKial sLitements. the Execulvie C{¥￿1l1ee are requr8d to.. . sdect suita￿e accowting ￿￿￿¢S and then appty them ¢M*stenYy." - observe the methods and prin0￿S in the Charities SORP: - make judgements and estimates that are reascmable aThJ prudent: and - prepare the financial statemenis on (x)wm basis urkn it 15 iriapprcgiiate to presLme that the Trust will continue in operation. The Exeth"ve Committee are responstjle for keepin9 *quate ac£#xJntng lE￿rdS that di8dose with reasonable ao%ra¢y al any time the finan(ial posthon of Trust aThJ enable them to ensure that the financAI statements C4)mply with the Companies AL# 21Th. ¥e a150 res￿51b￿ for safeguarding the assels crf ￿ Trust and her for taking reasonable steps for the preventb)n detectHJn offraud and other irregularib"ès. The Trustees Rep)rt wa$ approved by ￿ Trustees WKI Board of EXe￿b¥e Cwmittoe. Mrs R. Ingram (Treasurerf) Director and T￿tre 20 Marth 2025 BERWICK JUNIORS YOUTH DEVELOPMENT TRUST INDEPENDENT EXAMINER'S REPORT TO THE EXECUTIVE COMMITfEE OF BERWICK JUNIORS YOUTH DEVELOPMENT TRUST I report to the Trustees and Execthwe Co￿lItee my examinat*)n of the fina￿??1 statefflerts of BeM¢k Juniors Youth Developmonl Trusl1th8 Trusll for th8 year 8nd8d 31 IAay 2024. Responsibilities and basts of report As the Trustees and Executive Committee of Trusl {aThl aL80 its dIre£t￿ for the purposes of company lawl. you are responsible for the preparalKJn of the financial ststemenls in aco)rd8nce vhth the reqU1￿mentS of the Cofflpani88Aci 21x6. Hawn9 satK8fied mys¢W Ihat the financial statements of the Tnjst are nol required to be audiled under Part 16 of the Compan￿$ Act 2cte and ar8 dtyJit4e for independent examinat*)n, I report in respect of my examinats'on of the Trust's finanoal statements ¢arr*d under secbon 145 01 thè Charrties Ad 2011. In car￿r￿j out my examination I have follcmed the Dlrtttions gNen by the Chwty Commtssthi urthr swaion 145(Sllbl of Ihe CharitiesAd 2011. Independent trxamlnerfs it*t•m•nt I have completed my ￿arnin8￿"rffi. I confirm that M matters have come to my *tenti¢)n in (tyrbgction vnth the examinats'on giving me cause lo believe that in any material Tespecl.. acuunlinq recorfs ThJ¢ kepl in r08pod of the Tru8t as r•4￿(8d by 386 of th& Companles Acl Ihe financaal statefflents do ae¢AJrd wth those retrJrd$.' or the finandal stslemenls do ncl compty vith the am￿li1¥a requIren￿nts d ¥￿tion of th8 th[￿18$ Ad other than any requirgmenl that the financial statements give a true and faif view. which is nLX a matter nsidered as part of an ¥idependenl ex￿Inabon', or the financi81 st•lemonts have ￿1 begn prepar￿1 wilh the ff*thod$ and principles of th StaterrEnt of Recommended Pr*"ce lor ar•>)unting and repo￿.ng by c*arrties *P￿￿bIe lo charill&s preparing their finanual stateft*nls in aLwdanc* with Its Financaal RewtiThJ Standard ap￿tible in the UK and Republic ol IrdaTha IFRS 1021. I have no olhw wi(*ms have com8 %ro88 no other mattws in ￿Inne￿I￿ ¥￿th Ihe exarninatsc￿ to which attent￿n shoubj be drawn in this report in order lo enat4e a proper underntsndiNJ of the fina￿￿￿1 statements to be reathed. Colln mo 17 ￿lkerg#te Berwick-upon.Twd Northumberland TD15 1DJ 20 Marth 2025 ¢D V) ¢D 000 BERWICK JUNIORS YOUTH DEVELOPMENT TRUST BALANCE SHEET AS AT 31 MAY2024 2024 2023 Not•s Fixed assets Tangible asset$ Invèstmènts 11 12 2.517 3,517 3,605 Curr¥nt a$s¢ts Debtors Cash al bank and li h￿d 13 244 26,316 31,822 32,021 Cr8dltors: amounts falllng due Tthrythin one year 14 1.199 Net cxjrrenl assets 25,361 28,117 Totsl assets less ¢urrvnt Ilabllitles 28.878 31.722 The funds of the Trust Restrided ino)me funds Unrestricted fiJnts- general Design8ted fvrK1s 15 9,131 22,591 21.C 4.016 16 28,878 31.722 The Try￿1 is enbtkd to the exemption from the autht requirement C*nts1n￿ in seal￿ 477 of the Companies Ad 2CK6, for the year ended 31 May 2024. The directors and trustees ackno￿ge ￿r responsitrAlii*s for tijlwtying with the requirements of the Cofflpanies Act 2006 with ￿sPeCI lo w)untiTh3 records aThJ the preparalion off￿￿n￿al statenwts. The fflember5 have rK)t reqUI￿d tho Trust to L*Jtawi an audit of ts finanoxa 5tsterr*nls tre year in qu8SbC￿ in accordartt with sect*)n 476. These financial Statements have been prepared in a(rordan￿ with the kYws*)ns ap￿￿1)le to companies gjbiect to the small c4Jmpanies regime. The finanoal statenw)ts We￿ wo¥8d by the Trustees and Exeusbve Committee on 20 March 2025 Mrs R. Ingram (Trea Dife¢tar and Trustee D. Johnw I(￿1k￿ Offic*rl DSreetor and Trustee Company registrats'cm number CE028811 (EThJland ￿ Wales) BERWICK JUNIORS YOUTH DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY2024 AccountiTrJ policies Chaiity infomiation Berwick Juniors Ycmjth Devekpment Trust (the Tnjstl is a Charitable Irthrwated OrganisalK)n. registered wrth the Chanty Commis%on, number 1198661. The regstered off￿e 1s 45 Churth Street, Tweedrrrf)uth, Bewr*-upx)rFTweed. TD15 2AN. 1.1 Accountirb3 ¢onvenlion The finanoal ststements have been kxepared in ac￿dance wrfh the Trusfs Goveming Dctument, the CoMpan￿S Act 2C(6, FRS 102 'The Financaal ReFxybng Stsndard apF4Kable in the UK and Republic ol Ireknd. fFRS 102.1 and the Charibes SORP "ACo￿nting and Reporhng by Chanlies." Stalement ol Re(x)mmènded Pradu appl￿b￿ to charities weparing their acr￿unts in acLordance with the Finaniaal Rep￿thn9 Standard applicable in UK and Republ￿ of Irel￿ (FRS 1021" (effective 1 Jarwary 20191. The Trust is a Publt Benefft Enbty as defined by FRS 102. The Trust has taken advantage ofthe provkyons in the SORP for tha￿8$ not lo p￿pare a Statement of Cash Fl(w$. The fmancaal statements are prepared in slerliThJ, whth is the fiJnctb)nal tsjrrew of the Trust. Mo￿ary amunts in these finan(iJ statements are roun(kd to the nearest £. The financial State￿tS have been prepared under the historical ¢>)st u)n¥entr)n. The wncipal aLrounting p(d￿leS adopted are set below. 1.2 G¢4ng ¢on¢ern At the time of appfowrKJ the financial statements, the Trustees ar*J ExeoJtNe Commrttee have a wsonaNe expectation th8t the Trust has adequate ￿sourceS lo ￿)ntinue in operational existen￿ for Ihe foreseeable fulure. Thus. the Trustees and Exerxthe Committee C￿*1)ue to adw the going ￿?t￿rn ba￿S of aco)unb'ng in preparbng Ihe f￿a{￿la1 statements. 1.3 Charltsblè funds Unrestricted fvnds are aVaila￿e for use at Ihe (lisLretion of the Twstees aThJ Exeryjtive Committee in furtheran￿ crftheir charita￿e obJedi¥es. Designated tunds ujmprise funds have been set aside at Ihe thsc¥elion of the Trustees and Exeojtive Commtitee for speoffic purposes. The pUrF0￿ ar*J uses of the deS￿naled frjnds are sel ryjt in the nc*e5 to the financial stslwnerts. Restricted fvnd5 a￿ subj'ect to specffic ￿)ntht￿S by donNs or grantors as to hcrw they may be used. The purpjses and uses of the restricted fvnds are set ryjt in the notes to Ihe financial statements. 1.4 Incorne In￿me is retsjgnised vltsn the Trust is *gaMy entitbj to r( after any pw[c￿nCe ￿nditI)nS have been met, the amourts can be fr￿9jred rdiabty, aThJ it is wctsble that inccffie wll be received. Cash donat*)ns we recojnised rerript. Other thjnaticns are recognised once the Tru# has been notified ol the donatsc￿, un￿sS perfornia￿e ￿)ndit￿)n$ r￿Ul￿ deferral ol the amount. IntsJne tax recknverab￿ in felation lo donats'r￿S re(*ived w)der G￿A¥j or deeds of ￿ven3n1 is reo)gri5ed at the time clthe donth"cn. Memb8rship $ubwptKm$ a￿ rew¥sed in the year in tw we r&xved. BERWICK JUNIORS YOUTH DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2024 Accounting pollcl {Contlnugdl 1.5 Expendlture All expenditure is ac£ryJnled fot cm an ar>yual$ b&8is and has been ag￿egated under apprcpriate hea(lirKJs. Goveman¢e costs are those irKJJrTed in ¢Th*on with the athinistration of the Twst and ￿mE1￿Ce vrith conslrtutional and stalutory requirements. Costs of generatsng fvnds are expenses ￿￿rTed in running ftmd raising events. Adminislration (x)sts are exF*nse5 in Ihe administration of the Twst. Charitable a￿V￿￿e$ Cp)Sts are those expenses WKJJrred in ￿n￿l￿)n wrfh fv opwatKM ol the fcdbal teams arxl in cvDnect￿n wilh the zee*￿Ide Exthange trip. 1.6 Tangible fixed assets Tangib￿ fixed assets a￿ inrtialty Mea￿J[ed at ￿st and suwuemuy meayjred al cost or valualion. nel ol depre¢￿bOn and any impairment105ses. Fixed assets are faprtali5eil al c￿5*. th the pur(*ase pl1￿ exceeds £5CI), aThJ written down over their Usefvl wnOrn￿ lrfe, at the following rates.. Equipment 25% Straghl Line The gain or loss arising on the di8Fosal of an asset 1$ detemined as the dfftwenlx btheen the sae prO￿S and the carrwng value of the asset, and is re(vJnLsed in the Stalanent offin¥￿>￿ aCb"vit￿s. 1.7 Flx8d assèt Inv¢slments Fixed asset investments a￿ w)iti"81ty measured at tr8rtsaclion prKe exc*J¢thng transaction cosls, and are subsequendy mèasur8d at frdir valuè at èath rerrtKb"ng date. Changes in fair value are reo)gnised in net in¢oMel{¢Xpe￿jrtU￿) year. Transal*"(￿ ￿sts are exF*ns&J as Ingjwed. 1.8 Impalrni•nt of fixèd a$s¢ts Al each re￿rtIng etxl dale. the Tnjst revews the c*rrying amounts of rts tangble assets lo delemine whether there is any ir￿lcallOn that those assets have gJffer•J an inpairment kjss. If any such iThJlcai￿n exists, the recOvera￿e am￿jnt of the asset is estimaled in ty￿rI0 determir* the extent of the imp84mwl k)ss (rf any). 1.9 Cash and cash ￿ul¥al•rtts Cash and cash ￿￿￿alents indLwJe cash in h￿d, de[￿￿ts held at with banks, other sh)rt-temi liquid invesbnents ¥￿th onginal maturibes d three month$ or less, and bank overdrafts. Bank o¥erdrafts a￿ shown within boir(MiThJs in cxjrrent ffiats"W]es. 1.10 Financial instruments The Trust has eknled to aFpty the ￿￿0¥751￿5 of Se(kn1 11 'BasK Financial In5trumenls' and Se(*KJn 12 'Other Finanaal Instruments Issues, of FRS 102 to all of its financga instnJments. Financ¢al instruments are rwnised in ￿ Tnjsfs balance sheet when the Tntst bec4Jmes party to the C4Jntradual provi%h)ns cothe instnJff￿nt. Finw¢ial 855ets and liabilrfies we oltseL w*h the r*t 8nKwnts ple$￿ted finan(aal $tslem￿ts. wh there is a legalty enforceable nghl lo sel off the re(xrfJnised amwnls aThJ there is an Attenti￿) lo selye M a net basis or to ￿alIse the asset and sellle Ihe liat4.kty &mutsneousty. BERWICK JUNIORS YOUTH DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY2024 AccountlrwJ pollcles Icantlnu•dl 84$1¢ Ilnan¢lal a$set$ Basic financial assèts. whKth indude debtors and cash and bank batancès. are i)i11811y mtr8$ured at Iransa¢tion price including Iransadion eosls and are subsequently ¢arri&d al amortised ￿$1 using the effeclwe interest method unless the arrangement con51ilules o financing transaction, where the transaction is measured 81 the present value ol the frjture receipls dis¢ounled al a market rate of interest. Finanoal assets dassif￿d a8 receivabb wlhin year are not amortised. 845ic fln4ncl•l liabilities Basic financAal liabilities. including creditors and bank loans are inrtially recognis8d at tranS￿lI0n price unless the arrangemenl constrtut¢$ a finan￿n9 Iransa¢tion, where the debt instrument is measured al the p￿sent value of the future payments discounted al a market rale of Interest. Fin8ndal liabilities d888lfied as payable wrthin one ytrar are not amortised. Debl instrumen15 are Subsequently carried al amortised cost, u8lng the effective interest rale rnethod. Trade crgdilors are obligations lo pay for goods or services that have been acquired in the ordinary ¢xsursg 01 Okwralions from suppliers. Amounts payaNe afg dassifigd as ¢urr&nl liabilities il payment is ¢Jue within one year or kss. If not. they are p￿Sented as non.tyJrrenl liabilrties. Trade creditor5 are re¢ogni5ed inrtially al transaction price arwj subsequently measured at amortised c05t using Ihe effective interest rnethod. Derecognltion of financlal Ilabllltles Finan¢ial liabilities are derecogni5ed when the Trus18 conlradual obligation6 ex￿r• or arts discharged or tancelled. Crlilcal accountlng •8tlmat•• •nd ludg•m•nts In the arplicallon of the TnJ$l'$ 8Ctounting policiès. the Trustees and Exeojlivé Committee are fequired to make judgements, estimates and assumptions about the carying amount of a$sg1s and liabilities that are not readily apparonl from olhef Sour￿$. The estimates and assoaaled assumptions are based on historical experience and other factors that are cvns￿eTed lo be relevant. Actual results may differ from these estimates. Th8 èstimalg$ and und&rtylng assumptions are re¥￿éWed on an ongoing basis. Revisions lo accounting esty'males are recognised in the penod in which the estimate is revised where Ihe revishjn affeds cnly that per*)d. or in the period of the revision and fijture periods where the revision affects boih current and fijturo per*)ds. 10- lill- f I BERWICK JUNIORS YOUTH DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2024 In¢omo from ¢h•ritable a¢ti¥itses Restricted fLFnds 2024 Total Restricted funds 2023 Total 2024 2023 Zeewolde exchange inc4JrrE- Restricted 6,873 6.873 15.314 15.314 12- BERWICK JUNIORS YOUTH DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MAY 2024 Expendlturn on ¢harltal)l* actlvltle8 Charitab actlvltl 2024 Charitable actIvI￿o9 2023 Depieoation and IM￿lMent Zeewolde exthange expenditure- Restrh*d Football eoat*w)g- Reslri¢Xed League fees Sports h811 and prtth hi Rgpairs and equipment Football ￿athing Travdh'rKJ exwses 397 13,999 10.263 120 15.497 28,542 1.351 7,828 4,856 735 59,885 27.615 Shar• ol •upport •nd govem•nu ¢o•ts not• 7} Gov8mancé 3,078 62.961 29.459 Analysls by lund Unrestrided funds Unreslrid¢d fvnds. C*swnat•d fvTrJ8 ReslriLXe(l fvnds 42.888 1,803 18,270 15,120 14,339 62.961 29,459 Support co•ts *lloc*tod to actlvlti 2024 2023 Goveman¢e costs 3,076 Analy￿￿ botW•*•n: Chantabk activ￿"e$ 3.076 2024 2023 Gov•rnanc• costs compr1••: ACC￿ntancY Insurance AdministratKJn 1,972 934 170 1200 204 3,076 14- BERWICK JUNIORS YOUTH DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2024 Executive Committee None of Ihe Trustees and Executive Committee lor any persons c4Jnnected with them) re¢eNeil any muner8tion or benefits from the Trust during the year. Employ80s The￿ were no employees during the year {2023.. None). 10 Taxation The Trust is exempt from tsxalion on ks a(thities because all ils income is applied fo¥ thantable purposes. 11 Tanglbl& fixed a$8ets equlpm•nt Cost At 1 June 2023 Additions 3,002 814 At 31 May 2024 3,816 D¢pre¢iation and impairment Al 1 June 2023 Depreoatlon tharged in the year 397 902 At 31 May 2024 1,299 Caryin9 amount At 31 May 2024 2.517 Al 31 May 2023 2,605 12 Fixed a$$et investsnents Unlisted Investsnents Cost or v•luatlon At 1 June 2023 & 31 May 2024 1,000 Cawying amount Al 31 May 2024 1,000 Al 31 May 2023 1,000 15- BERWICK JUNIORS YOUTH DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY2024 13 Dèbtors 2024 2023 Amounts lalling due wlthln on• y•ar'. Trade debtors Prgpaymgnt$ and accyued Income 176 199 244 199 14 Cr•dltorn: amounts falllng due t*Athln or• yoar 2024 2023 Other cfeditoTS A¢rJu81s and delerffjd Income 1,504 2,400 1.199 1.199 3,904 16 RMtrlct•d fund• The reslrided funds of Ihe Trust cx)mprise Ihg unexpended balances of donations and granls held on Iwsl $ubj&¢t lo specific u)n¢Jilions by donors as lo how they may be user the year 12.8441 31.722 19-