Charity Jcgistratioil 13uinbci': 229988 North West Young People's Development Trust Anllual Report and FInall81 Ststenienls ftsr li Year Lnded 31 M'¢h 2024
North West Youiig People's Developnieiit Trust Contents (tontiiiued) Refrrcnct and Administtive fjetails Tiiistees, Rcpoit 2to4 Statem¢nt of T1tees, Responsibilities Iiidepclld¢nt F.%aMlrter's Report Sialement of Financial Actiwilies Balance Shect Notes io (he FInl(la1 Statem115 9t0 14
Nortli West Young People's Developmellt Ti'ust Rcferen£e Administrative Details Trustees Mi3 K M Bw'ion Jp fcA, ClTraii' of Trustees Mi. N J Clough LLB . M J 14ansoii BA FCA ACIB M$ W Pi'iseott . J C Barnett TrlonorAI'y Tregsuie Ivts'5 KM Flarlon JP FCA Charity xdrninisti'ator Mi" M J Hanson, Cliarily Adiniiiists'atar Cliarity RtgistiAtioii Nuimber 229988 Prijictpal Office 16 Eden Pai'k Road Clieadle Flultlle Cljcddle Cheshii¢ SK8 6RG Indeyeiideni Exaintijei. Beever and Siruiliers CliarleiEd A¢coulltatllS One Expi'e8S L G¢Lirge Lei8h Street Ancoats Mancl)est&' M4 SDL Solicitors Bromleys Solicitors LLP 50 WellingloR Road A8liion-uad¢r-Lyne OL6 6XL Page I
Noi'th West Youiig People's Development Trust Ti'llstees, Repoi't The Trustees prc5cnt the ÉttUal I'epo¥t togethei. the fjnancial sÉateDieJits of th¢ chl1), for tile year elided 31 Mai'ch 2024. Objectives Atid Ac*ivÉties Objeelive&, aiidrtclliisij The NWYPDT is 8n Tndcpcndent grant-making L'liaiiiable IrusL It's princii)le objectlV¢ 16 to fund organisations who woit to dchieve p05jtiv¢ chan8e in the livcs of yowg wle ivithin (lie North West who face bari'iers to The Ti'ust does not itsclf directly etigage il) the provisitsn tst-sel'llittt lo Young Peopl¢, i)ov doe% it engage in fuiid r4ising CtIVities. In%iead, it5 Strategy 1% lo focus oll inw]a8ing and pi'otcGtin£ iu% inveElillent fids. effetlively so as to geneiztc 5UStainable inconi¢ to suppoit gt?nt tiiaking activity OV¢T tlie longer term. Tli¢ iiiajiwily of awai'ds made iii the final quartei. of ilie ye8T so as to eiiswr that the level of digbuTsemeiits eacli yeai. niects thcsc objectives. Dul'ing tli¢ yedi, ll)e T]st distributed £iallts tOlallin£ £99,190 (1023 £94,750) a toial of 7 01'ganisatiolls wlio it fdt ld the ability to th'ive chgrtge alld ingjie a loag-tsrtn diffcirnce to young people's lives. Ptsbllc bleil The Tiustees confiiin tlist tli¢y have complied with (lie JEqUlleinenis of seetioti 17 of the ChaJities AGt 2011 10 have duc regard 10 the public benef2t Buidance published by the Chw'ity Colnittil0rt for England and W&le5. Achievemeuts Xlld pei'foi'mAIic¢ Tli¢ year to 31 Mar¢li, 2024 saw tiic reeovery in invcstinent m8rkets that had beetl expetied following tlie initial impad of the War in Ukn'aine aTKi rising furl pj'ices which had c4used ecojiomic un¢erlainty and higliei. rtttes of iiiflatioii dui'ing 2022 atsd 23, plus tlie additioiial unccrI1lty which followed a 'miiii budgel, annouii¢ed on the 23 Scptciiiber, 2022 by Ilie tben goveiMillellL By tli¢ ¢nd of the y¢&. tl)e valEie of the T&$t's inveslments held in poitfoltsos had i'ecovered arKi inCrEld by £571,790. Iliis iecovery jUSlifJed tlie Trustees, dwision 18kett in 2023 10 maintain 118 Itvel of suppoit foi. young people w1105e livts wcrc bcing seveiely iinpaded by both the continijing inipacl ot the Covid q)id¢mic and the prevailing econonii¢ turmoil. DuiiDg 2024 Tiiistccs again d108e to niaititain support al consistent levels to thosc of the previol Ye.. Tl)is deci8inn iiro5 founded on til¢ net income generated during the y¢. and tlle sligth of our tti'o investment poi'tfolios which, Iiaving a ttiodest yk piDfile, have bccn pibveii to have beett well m8naged tkn'oughout ilie PEriud of maiktL tbulenCe. Dui'ing 2023 tlic (l?'1ty <)blaitted an independent valltiOn on llie land lield foi. nydny years at Gai'stang Road, Blackpool whicli the Iru5teeb had not known the original r05t Vali of. The value of the land at the 3 1 Mai'ch 2023 ye. end ivas dened io be £650,000. Dui'ing the yew. 10 31 Mairii 2024 8 conditional 5alc of U)e land w Liegotiatcd at iliis level ivhich is subject to ali application for planiiiiig pcrniissioii subniitted by Ihe sntended purcliasa. to the local autliority beiiig successilll. At tlie date ot tliis Feport the result ot. this applicatioii is still aw&ited and so tlie Mle iu1iaii conditional and iDCOLiiplele. DLlI'inÈ the year to 31 Mw'di 2024 tlie Trust concluded tl?e sale of its sole irsidential inv¢stmettl pix)pe¥ty. a bwigalow, whicli ld been attri[ted a value of £162,000 in Ilie 31 Mai'cli 2023 Accounts. The opell iii&'kct sale acl)ieved a sliglitly lower ÈIL sal¢ price th) this and. alteT taking selling expeJ]EeS ijito accouni, a loss of £5,405 was incurred. P8g¢ 2
Nortli West Young People's Development Trust Ti'ustees, Report (continued) FIancIAl ]1¥ Tlie fair value of tlje Trust's investments at 31st Mavtli 2024 was £6,526,986 {2023.. £5,958,533). Ilie TrLiSt's net 5uipILiS for th¢ ycai.. bcfoir ura]ised investiii¢Jt IoESe8, was £93,11112023.. £74,366). The net incrcast in lid9, aftei. takniig uito toUttt Jtti'ealised investment g&iiis of £571,790, w05 £659,496. Going ttsneei'n rhe Triislees lTVdllge the Bssc15 of tlie T1.st on a conservative basis and eiisure that ovei. tlie longei'.l¢i'Jii the leipd ot reluim oil its assets is suftitient lo sttstain the level of gltS di5tiibuted without duninishing its Tt%ei'Yes. It manages the risks it faccs appiy)pi'ialely the TIu5tees are zwt awave of arty long-terni Linceitsinlies ivhich l)avt not been Lnitigatcd appi'opriately. On tliis bAgis the TJ'u8tccs believe timt the TTugt corttii)ues to opei'ate 8S 8 going concciTh Polir.y oil ies£ive$ The Tiyst's i'esei'ves at the ),. erf ivhich are iini'eslricted, ttil&lled £7,838,327 {2023: £7,178,832). Inv¢5tmcnts lolalled £7.176.986 (2023.. £6,765,335) wliicli leaves tree resei've5 of £661,34112023.. £413,497}. The Tj'ustets 8ttk to masniaitj a level of r¢SUV which will afloiv th¢ TJ'u5t to ijiainlain its CLtllEllt lev¢1 of granL8 inaking wl)ilst i'ccognising and safegU.ding against the negativ¢ itnpart of inflatiott 8nd potential swings 8nd vèi'iation% in investment returns over lin]e. InvFlnienlpoll¢y Niid objecfliies The Tiustee8 Ivork in tOlljUnClioii with two SqW2te plf1011 investment n))18e8 when fonnulatiiig llVe5tniertl wlicy and do notth¢iiis¢lves diitctly deal in iThveslments. Eacli Investtnen( Mana£e]' has an individiially agT¢ed Investment Sii'ategy ivhicli defines die objeclives of (he portfolio, the agi'eed risk Bppclitc and dcsiird ittvestllient profile and li&% a iiiandate to deteLlIne whicli investme]ils sliould be held wid)iii that fiwiiewoil(. '1lJ¢ two investffteAt nw]agcniciiL tiixns appoiiited by the are RBC Bi'eiviii Dolpliiii and CCLA Inve5tai¢nt M&nagemet]L Tliey have eaGli been allocated a separnte tt'&nche of tlie Tnist's invesinjent fund8 in oiyler to piovide c(paratIveS of perforniatLCe artd alieii)alive n]'ket insiglits. Sti'uelttyei govtrThAJce iLd ]nxiiAgemerit Nftljii'e ofgoveriiiiig docuhieiil Th¢ TJ115t ivas establÉshed IE8iilated by Irtdcnttc d&ted 29 Sept¢mbeJ' 1856 aTrd stibequently amended by a sclieine of the Chaiiry Comintssioiiers in l 876 and by selienie8 tt)adc by the Bo&id of EducaiioA iii 1903 aiid 1925. In 1994 tl]t Trust's wwers w¢ir Witsnded and t1 sclienie wa5 registeied iyith the Cl)a¥ity Coininission on 15 FEbruaTy 1994. Tlie clwity's Wa5 GhJn8ed 10 North West Young People's Development Tru31. Page 3
North W¢8t Young People's Development Trust Trnstee$' Report (conunued) RecvNthNexl andrfppoAMtNieniof Trt¢sl£es The Trustee Body is reSpo11b1¢ for mainlaining 6ffe¢tive Boord su¢wsi(>n strnte8ies and for the Recruiimeiit. appointhietjt and irtduction and trqitjing of ncw tn]stce8. The Trust seeks to rnaintaiti the necessary range of skills attd ¢xperi¢nce within the Trustee Body to ensure that it is etTe¢tiYely manRg¢d pnd m¢¢ts the cbaritable objeciives. The Charity atxl its prop¢ity are adminlstered and maDaged by the Body of Tntstees listed on page l. There were uo changes in the wmpoÈilion of the Trustee Board dwiiig the ye&r to 31 Mgrch 2024, however on the 28 AguSt 2024 Jeremy B&mett was appointed As a I'rustee which increased the nuinb6r of tTUSt¢¢s to 5. TiYst¢es are &ppointed for a temi of 5 y¢ar8 by a resoltiOn of the Trnstees passed at a special meeting. Th¢ trustecs meet at Ica8t four tiines a ye8r. The Trnst docs not have any employees. Thc annual report was approved by th¢ Tru8¢ees of the Charity on 20 January 2025 and signed on its bolydlf by: Mrs K M Barton JP FCA Chair of TLliSteEs Page 4
North West Young Peoplels Developnient Trust Statemellt of Ti'ustees, Respollsibilities The Ti'ustees are itstM)nsibl¢ foj. piepai'ing thc TiYJstees' re1.[ artd the fin8iicisl siat¢ni¢n15 iii acoji'dance with Ihc United Kiiigdorn Attouniillg Standai'ds (United Kingdoiii Generally Accepl¢d Accounting Practice} and applicablc lttw and i'egulation$. The law applicablt to Lharitie5 requiiEs the TrLlStees to pi'q)21r fLI)aiicial statements for each finllncial year wliicl) give a true and f?1. view of tlie state of aff?ITS of thc Clwity gnd of the ittcoming t'esoiirGe5 and aiii)lic&tion of re50iirccs of tlie Cliai'ity foi. tiiai poriod. In pi'epwing tliese fiJatLcial stateillert, t1 T¢?Istec5 ,¢ IEquitred to.. select suitable accounting policies and then apply tliem Co1lstentIy. obscrve the mettiods and PTinciplcs in the C1].tICS SORP., ake judgeiiiertis and estimate5 that aiE reasoiiable and prudcnl., st8 ivlieilier gpplitahle EuoiintinE siand&vds liave bE¢n followed, subject to aTV niaierial departures disclosed 2nd explailled in the financial statenients., and pIEpai'6 the fitmncial siatemertts on the going wncem basis unle55 It is ioappiy)priate to presume th8t tbe Ch'ty will cortiinue ID business. Tl)¢ Tru51ee% 't Tt8Wtisible for keeping prope4, accounting rctoiY]s tl)at dI10$e willi i'easonablc a(W8¢Y at Jlly time tlit fillgncial posltion of the Ch41'ity and enable tlicm to en$e tliat the tinancidl slaLenicnts comply with the Chai'ilies Act 2011. the Clil(l¢S (Attouiils aiid Reports) Regulatiotts 2008, And thc i)Ibvisions of die constitution. Tlic Tte¢S art also tresponsible toi. safeguavding tlic assets of tl)e aiarity and lien¢e foi. 18king Irasoiiable steps tor Ihc pirvejiiioii and dttection ot Iraud and odi' irregu5ai'ities. Tlie Tru81ee5 are respoi1bI¢ for Ihe rnaii)Icn&Kc aiid iniegyiry of the coiyoraie wid financial inforn121iOIi included on the cliaritable company's wcb5ite. Legislation gove]ning Ilie pirpat'ati021 ond dissunination of fiiiancial 51atcrtets niay diffei. frotn Icgislation in othet jurisdictioi)5. Pagt 5
Nfjrth West Young Peoplels Development Trust Independent Examinei $ Repoi't to tlie ti'ustees of Nnrth West Youllg People's Development Trust I rq)oit to tlie Ti'usiees 011 171y exaiiiination of the &ccounL8 ot'Notth West Youiig People'8 Developmettt Trust for 11)e year ended 31 Mai'cli 2024. Responsibilities blsis of reDoJ* As the Cliarity TrL151e¢s of Noi'lli West Young People's Develow¢nt Twst yoii are responsibl¢ foi. th eparatioli of th¢ accoullls iji aceordgftcd witli thc i"tquurnients of the Cliai'thties Act 2a1 I l-lhe Act,). I repoit in iupeci of xlly examiiHlioii of tlie Noi'd) Wesl Youiig People'5 Develapniciit TJu5t's acwuiil% eariied out under ¢tion 145 of the 2011 Act 2nd ill caiiyjng out Jny examination I liave followcd all tlie applicable Dii'eclioiis given by the Cliarily Cornmissioii uiidej, setlion 145{5llbl of the Act. Indtp¢nd¢nl oTaiiiinei' 5 St#tÈmottt I liave conipleted Jny exaini118tion. I conlirm tlllt no inata'ial mattel3 liave come to my attention iii CO[ectiO wilh the exainination giving ni¢ cause io believe Iliat in atty material respect.. l. accounting i'ecoLYls wei'c nol kept in Irspec¢ of Norih Wesl Young P¢oplc's DeVelOpin1t Tiiist 4$ 4eqlliied by setlion 130 of the Acl. oi. 2. the aGcouiii8 Ito llOI accoid with those I'ecoi'd3- 01. 3. the actouiits do not comply iviih the accouiitiiig irquiren]ent5 coiicertliiig tli¢ fDvm aiid cotitenl ot accounts set out in the Cli#i'ilies (Accodnis and Rcporlsl Regiilaiions 2008 otbei any reqLiir¢inent th#1 Ilie &ceounis give a 'lrue and fair view which is it a Inattci. consideicd as 't of all illdepelldent gmittatioii. I have no concerns and have coiiie across no othei. matter5 in conAection witli the ¢xani&llation to aitentiort sliould be drawii in this repoit in oj'dei'to ¢Thabl¢ a proper uJdcJEtsndiiw of (he accounts to be reaclKd. Helert Bit$ FCA Cliw'lei'ed AccountlIS ICABW One Ek'press l Geoiue Leigh Sireet Ancoais Mancbester Iv54 5DL 20 Janiiatjp 2025 Page 6
North West YouIig People's Development Trust Stateinent of Filianeial Aetivities for tlhe Yeai. Ended 31 Marcb 2024 Unrests'ieted fuiids Total 2024 TDtxl 2023 Nott Ineom¢ Ei ndowttkeiits fi'oiii: Investment inco¢ 210,131 210,131 186,838 Total incoi)ie 210,131 210.131 186,838 Exptnditlli'e oil: Raising tiinds Cliaiiiable activities (12,3671 (104,653 {12,3671 104,6531 19.1981 {103.274 Total expendituiE 117,0201 {117.020 112,472 tlel 1collIe 93,111 93,111 74,366 Othti. i'ecogijised gaiiJ5 and losw oil)ei' ggins11055eS GaillsIIos5ag oli invcstmcpt assets (5,4051 571,790 (5,4051 571,79Q 339.924 Nel movement in fut 659.496 659,496 414,290 RecoyiciliAtioii of fviids Total thrtds broiight foi'ward 7,178,831 7,178,831 6,764,542 To1 futlds (arricd foiw&'d 7.838,327 7,838.327 7,178.832 All of die Charity's acliirttics derive fix)m continuing opei'aiions during tlie above two periods. The notes on pages 9 10 14 foi'm an illt¢gr&l p.1 of Ihese ftt]ancial si8teiiiexi8. Page ?
North West Young People's Developmenl Trust (Registrallon number: 229988) BalAnce Sheet as at 31 March 2024 2024 2023 ote Flxed aswt6 IllV¢8tmcnts 7,l76,986 6,765,335 crrellt as$ets Debtors Cash at bank and it) hwd 12 5,197 426,072 431,269 676,576 676.576 Credl¢4bY$., Anwunts folllDg due wlthln ye•T 13 15,235 Net ¢llTr¢nt a$Jets 661,341 413,497 Net assets 7 838 327 7,178,832 Fund$ of the Chthrlty: Unrestrlcted Inotsme fund$ U*restrict¢d thnds 7,838,327 7,838,327 7,178,832 TDtAI furtds 7 178 832 The fittancial st#t¢ments OTh pgges 7 to 14 w¢re approv¢d by thr Tntst¢es, and outhorised foi. isw¢ on 20 January 2025 and sI¢d ¢)n their behalf by: Mrs K M Barton JP FCA Chair of TisteC8 The tlotes on pages 9 10 14 fotm integral part of these financial st4t¢ments, Page 8
North West Young People's Developmcllt Trust Not to the Financial Statements for the Ye2r Ei nded 31 Mai'ch 2024 Sxémtiit of tonipliailee Tlie Iinanoial stateihents l)ave been prepared in accoTdance witii tlle second cditi()n o£the Charities StaMlL of RccoiiimcThded Pi'actice issued in October 2019. Ilie Financial Reporting StaDdtYd applieable in the United KiA8doin and Republic ot Iiel#nd IFRS 1021 aiid Ilie Ch&'ities Act 2011. B%sls of yi'eparAtLOtI Nortli West Yon8 People's Development Trust nieets tlie dcfillilion of a Pliblic bencfit eDtity urtder FRS 102. Tlie accouiils (fulcIal 51aietttentsl have beeii prepaiEd iindet. the liisiorieal cost COllv£ntion witii items recogn15ed at cost or tiEtL8action value unless olljtiwisc stated in Ilie relevant Aot¢(sl ts) Iliege attounts. Coithl cojiter Tlie Tiustce5 coJisid¢r that there no Inatei'ial uiicertaintic5 about tlie Cliaiyty's ability to contlTiue ss g gOlllE Imcojne All incotne i% i'ecogiiscd oiice the c1i3rity cn(illcmettt to die incom< it is probable that tIK income wll be received and the amowii of ineoiiie receivable can l)e musurcd rclisbly. Intere51 on funds l)eld ON deposit i$ included wlic# Irceivable alld the an)ount e4Ja bt measured reliably by the ciiktrity; Ihig is nolin[Y li notilic8tiall nf tlic intci'ttt paid oj. payable by the b&nk. Dividendy dly IolS¢d once the divi1d& 112s becn declai'ed and notsficatioi) has ken received of dividend due.'lliis is iiurmally upoii xotiftcation by the inveslinent dviSr. lijvesiwieiii liieothÉ tnteirst on funds held oll dcpDSi( LS incliided w11 irceivable and the amount can be mea.EuiTd ieliahly by the Cliayity. tliis is ttoi'mally upon llotififjation of Llie inter£8t paid or payable by t1 bal.DiVIdend& al'e ieGognis¢d once the diiiidend li&q be declared aiid notification [en rec¢ived of the dividtAd duc. Expcodltui All expenditUlE is &ccounted for on acciuals basis. All ¢%LSeS including siipporl costs and govevnance costs are Allocated oi. apportioned to th¢ applicable expeiidituiE headiiiEs. Tlie chai'ity is not registcrcd for VAT, tlieitfoir t[dItUre s accounted foL' inclusiv¢ of VAT. Rrtlslii¥JuiiAs Tl)e tosls of raising fullds consist of in5wttnee costs. iepails and niaintenartce costs associated witli the in¢oin¢ rettivable on invcstsiicnt propeLles and invesiniefjt inall2gement co%ls. Page 9
Norlli West Young People's Developnient Trust Notes to tlie Finaiicial Statements for the Yeai. Ended 31 March 2024 (continued) l Aecouthtiiig polities (coiitiiiued} Charlittblo thellville Ch&ritable e%pertdiluiE collipi'Saq those costs incuntd by tljt Charily in Ilie delivejy ot its activities ld seivices for its beneficiaii¢s. It incliides both costs tliat Gan be allocatcd diTccily lo siich activities alld lISe to%ts ot all indiirct naLLire Iiecess91y to 5UPPOrt Iheni. Gj'niil £ipeiidlliirÉ Grallls payable are paynients Jnade to tliiid pai'lies iTh furtlici1ce of ilie charitable objects OF the Tiust. Piovisions foi. gixu)Is are mude when tl)e intention to iiiak¢ a grwit beKn communicated to tbe reoipiettt bui tlierr 15 un1alnty as to tlie timing tsf the lt or tlie of gi8llt payable. Suppo1 eosts Support CO8ls include c¢ntval functions have been allocated tD activity cost categories on a basi5 eonsistertt with Ihe use of i'esouites, foj. expIt, allalIng pi'opel'ty costs by Ilooi. areas, oi. per capita, stall casis by thc time spenl and other costs by their uq&ge. Itivestnitnt properties Investsnent propeity is canied at fail. value, d'1Ved Ilie curreiit Juarkel pi'ice5 for comparable ieal e81ate dctcjinincd annually b), exteTnal valuers. Tlie valuei's use obscrv8bl¢ In&rkel wices, adjusted if nece5saiy for any diffeiiice in die Jiatur4 location or toiiditiOJJ of tlic specific a38et. cli)ge5 in tAir value are recognised in wofit 01.1053. Fixed a55et investmejits Fixed asset investmeiils, otha. Ilign pingrdnjiiie relted iV11ents, are included at 'ke1 value al the bdlancc slieel date. Realiscd gains and lusses on invcsltnenls &ir calculated as the diifei'enct between sales pi'oceed5 aiid tli¢ii' Mw'ket value at tlie stait of tlie Ye., or th¢ir 3ub5cquent cost, and air ohaiEed ciedited to Ihe Statenient of Fin¢al Aetivities in tlie period afdiswsal. Uniralised gall and 1055&R Ifpltsent Ihe niovejiient in l.ke1 values during the ye. and 'C Citdited or charged 10 tlie Staltiiitnl ofFinanGial Activities based ott Ilie market value 8t ilie ycar cnd. Fuiid structure Unrestricted iiicome futtds 2TC geiicral tIdS tliat ale available tor use ai the Tn]siees disciion in tw'dieratice ot the objectiVG8 of tlie Cliarity, FittAnclal Insti'umeots CIrt¥sificrtlioii Finartcial 8SEels alld financial li2biliUCS air recognised when ch.ity bccomes a paity to ti tontrac(ua PIDV15ion$ of die insiiunient. FMai)Gial liabiliiies 8nd equity inslrumaiis 8tE classifja accotxliiig to the substance of tlie COLilI'actual arrangement5 enteitd iJ)to. An equity instiuinent is urty wnliict iliat evidences a residiMI iTrtcirst in the assets of Ilje Chai'ity after deducting all of iis liabilitics. Pagc 10
North West Young Peoplels Developinent Tyust Notes lo the Finaneial Statements fov tlie Yeai. Ei nded 31 Mai'cli 2024 (contittued) 2 IILvestnieJt Éiitome Unrestricted TotHI 2024 Total 2023 Geiiei'al nv¢stinent propei'ly ITltome Income fiM)in listed Invtsttknetsrs Intuest receivable alld silIa7. InL'ome' Inlcirst Icceivable on bank deposits 3,875 186,OS6 3,875 186,086 4,948 174,73 1 20,1?0 20,170 7,159 210.131 210,131 186,838 J EenditU1% i'%ising fTruds Al Costs of genei'atimg fknthds Uni'¢stACted fuiid5 GeJieY&l To*AI 2024 T&t81 2023 Note Sundry extxnses Insu1ce Repails and Inainlellancc Brewin Dolphill manageiiient fc¢5 41 446 1,388 10,492 529 719 345 7,fy)5 446 1,388 10,492 12,367 9,198 Pagell
Nortb West Young People's Developnieiit Trust Notes to tlie Fin%ncial Statements foi. tlie Yeaj. Ei nded 31 Marcli 2024 (contii)ued) 4 Expeiidituie oji charitable activities Uthi't$tJ'l¢ted fuiids GeJJei&l Total 2024 TotAI 2023 Note Cjranl thndiiig of activities Allocated sUpr( costs GoVnance costs 99,190 1.217 4,246 99,190 1,217 4,246 104,653 94,750 4,146 4.378 104,653 103,274 5 AnRlysi$ of governaiite And support cost5 Sv0Yt eosts funds G¢iieral Total 2024 TotAI 2023 OffiLr xnStS Website Costs Legal #nd protessiottal fees 225 418 574 225 418 574 225 307 1,217 1,217 4,146 Covei'nance costs UJii'o%tvicte(I funds Cenei'll Total 2024 Total 2023 llldepend¢Tht ¢xa[nIn fees Exaniination of tlie financial statements ot11. fees paid lo exgniin¢i Tiustws expenses Tjustce Iii8uraiice B?k Cl)argcs 1,800 1,500 243 631 72 1,800 1,500 243 631 72 1,800 1,364 502 612 100 4,246 4,246 41,378 Page 12
North West Young Peoi)le's Developmeiit Trust Notes to the Finaneial Statements foi. the Yeat. Ei nded 31 Marcli 2024 {coiitiiiued) 6 GYAMt-mAklng Aiilysis of gtMnts 2024 2013 Aty57$ 0u1w'd B<>und Ti'ust MyBnk 22,750 15,IK]O 7,1100 ,ooo 10,000 15,000 6,440 22,750 15,000 7,000 15,000 Music fiileiiiatiofial Manchest. YMCA Scasjiell I'ru3t Safai'i Icids Club Powei. 2 Liiliited For1ice The Pi'iiice8 TLVSt 15,000 10,000 10,000 99,L90 94,750 7 llldemnity -riustccs illdciniiity iiisu¥aiice al a cost of £612 wL8 held dui'ing the year to 31 Maytli 202412023.. £612} to indemnify the Ii'uslee5 agaIt potential claims. 8 Rel&ted party ti'ansJftions Their wei'e no relaied pgrly tT2nsactiotts in the ytar. 9 Trustees r2illullei'ation #rid exptttsés No Trustees, rtoi. gny peisotts cojuiecled witli them, have Irceived any TeniuneratiOLI fj'oin tlie Cliarity duriiig the yeai.. ExnSe8 of £24312023.. £502) Iveir incuired in iEsp¢ct of tlit Irusttt5' ni¢ding cKp¢n5CS. 10 Ihdepeiidtnt txMittei s remuiiei'Atioii 2024 2023 Examination ol'tlie financial slaten?¢nts 1,800 1,800 Other rtes to examiilei ASI othei. so'vices 1,500 1,364 Pe 13
NoJh Wesi Youllg People's Developnient Trust Trlotes to the Finaileial Stateinejits for the Yeai. Indtd 31 Marcb 2024 (eontinued) 11 Fixed Asset liivestmtiits Invesmeiit Fyetljtsld Land Propei'ty Investiuefftit Total Cost oi. V#luxtioii AI l April 2023 Additions Dispos%Jls Net inv<%ttnent 8aL¥k Fail. vaIue &131 MaTth 2024 650,000 162,000 5.958,533 6,770,533 444,557 444,557 (444,451) 1606,451) 568 347 568,347 {162.0001 650,000 6,526,986 7.176,986 Histoiical cost at 31 mcli 2023 4,653,969 4,653,969 In February 2022, tlie Tru8lees obtained an indepcndent valuation of land li¢ld at Garslang Road, Blackpool.fhe trustees considtt Iltsat (his v&lDation iYina*ns appropiiate. 12 D¢btoi's 2024 2023 Aecrutd tntonie 5,197 13 Creditors.. fallliig due ThrytliFn oiie year 2024 2013 Otliei. creditoJ'3 A¢GJiials 8,735 6,500 10.520 7,252 t5,235 17,772 Page 14