Charity Jcgistratioil 13uinbci': 229988
North West Young People's Development Trust
Anllual Report and FInal￿l81 Ststenienls
ftsr li￿ Year Lnded 31 M￿'¢h 2024

North West Youiig People's Developnieiit Trust
Contents (tontiiiued)
Refrrcnct and Administ￿tive fjetails
Tiiistees, Rcpoit
2to4
Statem¢nt of T1￿￿tees, Responsibilities
Iiidepclld¢nt F.%aMlrter's Report
Sialement of Financial Actiwilies
Balance Shect
Notes io (he FIn￿l(la1 Statem￿115
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 É￿ttUal I'epo¥t togethei. the fjnancial sÉateDieJits of th¢ ch￿l1), 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 fi￿ds. 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 l￿d the ability to th'ive chgrtge alld ingjie a loag-tsrtn diffcirnce to young people's lives.
Ptsbllc b￿le￿il
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 Colnitti￿l0rt 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 unccrI￿1lty 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 inCrE￿ld 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 sli￿gth of our tti'o investment
poi'tfolios which, Iiaving a ttiodest y￿k piDfile, have bccn pibveii to have beett well m8naged tkn'oughout ilie
PEriud of maiktL t￿bulenCe.
Dui'ing 2023 tlic (l?￿'1ty <)blaitted an independent vall￿tiOn 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 de￿ned 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 l￿d 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)
FI￿ancIAl ]￿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 u￿ra]ised investiii¢Jt IoESe8, was £93,11112023.. £74,366).
The net incrcast in ￿lid9, aftei. takniig uito t￿oUttt Jtti'ealised investment g&iiis of £571,790, w05 £659,496.
Going ttsneei'n
rhe Triislees lTVdll￿ge 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 g￿ltS 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.
Inv*Flnienlpoll¢y Niid objecfliies
The Tiustee8 Ivork in tOlljUnClioii with two SqW2te pl￿f￿￿101￿1 investment n)￿)18e￿8 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 deteL￿lIne 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 Irtdcntt￿c 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 reSpo1￿1b1¢ 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 A￿guSt 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 resol￿tiOn 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' re￿1.[ 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$.
The law applicablt to Lharitie5 requiiEs the TrLlStees to pi'q)21r fLI)aiicial statements for each finllncial year
wliicl) give a true and f?￿1. view of tlie state of aff?ITS of thc Clwity gnd of the ittcoming t'esoiirGe5 and
aiii)lic&tion of re50iirccs of tlie Cliai'ity foi. tiiai poriod. In pi'epwing tliese fi*JatLcial stateillert￿, t1￿ T¢?Istec5 ￿,¢
IEquitred to..
select suitable accounting policies and then apply tliem Co1￿lstentIy.
obscrve the mettiods and PTinciplcs in the C1]￿.￿tICS SORP.,
ake judgeiiiertis and estimate5 that aiE reasoiiable and prudcnl.,
st￿8 ivlieilier gpplitahle EuoiintinE siand&vds liave bE¢n followed, subject to aTV niaierial departures
disclosed 2nd explailled in the financial statenients., and
pIEpai'6 the fitmncial siatemertts on the going wncem basis unle55 It is ioappiy)priate to presume th8t tbe
Ch￿'￿ty will cortiinue ID business.
Tl)¢ Tru51ee% ￿'t Tt8Wtisible for keeping prope4, accounting rctoiY]s tl)at dI￿10$e willi i'easonablc a(W￿8¢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 Cli￿l(l¢S (Attouiils aiid Reports) Regulatiotts 2008, And thc i)Ibvisions of die
constitution. Tlic T￿￿￿te¢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 od*i' irregu5ai'ities.
Tlie Tru81ee5 are respoi￿1bI¢ 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 51atcrte￿ts 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 DeVelOpin￿1t 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 i￿t 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 Account￿lIS
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 1￿collIe
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
To￿1 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
c￿rrellt 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 Ti￿steC8
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
S*x*émtiit of tonipliailee
Tlie Iinanoial stateihents l)ave been prepared in accoTdance witii tlle second cditi()n o£the Charities Sta*M￿lL 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 Yo￿n8 People's Development Trust nieets tlie dcfillilion of a Pliblic bencfit eDtity urtder FRS 102.
Tlie accouiils (ful￿cIal 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 w*ll 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 I￿o￿lS¢d
once the divi1d&￿ 112s becn declai'ed and notsficatioi) has ken received of dividend due.'lliis is iiurmally upoii
xotiftcation by the inveslinent ￿dviS￿r.
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 propeLl*es 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 lI￿Se to%ts ot all
indiirct naLLire Iiecess91y to 5UPPOrt Iheni.
Gj'niil £ipeiidlliirÉ
Grallls payable are paynients Jnade to tliiid pai'lies iTh furtlici￿1ce 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 un￿1alnty 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. ex￿￿pIt, all￿alIng 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
diffei*iice 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 rel￿ted i￿V￿1￿1ents, 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 t￿IdS tliat ale available tor use ai the Tn]siees disci*ion 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 si￿lIa7. 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 E￿￿enditU1% i'%ising fTruds
Al Costs of genei'atimg fknthds
Uni'¢stACted
fuiid5
GeJieY&l
To*AI
2024
T&t81
2023
Note
Sundry extxnses
Insu1￿ce
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$tJ'l¢ted
fuiids
GeJJei&l
Total
2024
TotAI
2023
Note
Cjranl thndiiig of activities
Allocated sUp￿r( costs
GoV￿nance costs
99,190
1.217
4,246
99,190
1,217
4,246
104,653
94,750
4,146
4.378
104,653
103,274
5 AnRlysi$ of governaiite And support cost5
S￿v￿0Yt eosts
funds
G¢iieral
Total
2024
TotAI
2023
OffiLr ￿x￿nStS
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
Aii*lysis of gtMnts
2024
2013
A￿￿ty57$
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
For1￿ice
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 agaI￿￿t 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..
Ex￿nSe8 of £24312023.. £502) Iveir incuired in iEsp¢ct of tlit Irusttt5' ni¢ding cKp¢n5CS.
10 Ihdepeiidtnt tx*Mittei 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
P￿e 13

NoJ*h Wesi Youllg People's Developnient Trust
Trlotes to the Finaileial Stateinejits for the Yeai. Indtd 31 Marcb 2024 (eontinued)
11 Fixed Asset liivestmtiits
Inves*meiit
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 m￿cli 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