## **The West Family Charitable Trust**
Registered Charity Number 1086196
## **Financial Statements**
**For the year ended 31 March 2023**
## **The West Family Charitable Trust**
## **Trustees Report**
## **For the year ended 31 March 2023**
The trustees present their report and independently examined financial statements for the year ended 31 March 2023.
## **Legal and Administrative Information**
**Charity Name:** The West Family Charitable Trust
**Charity Registration number:** 1086196
## **Structure, Governance and Management**
## **Governing Document**
The West Family Charitable Trust was founded as a charity by Mrs Daisy Mary West on 20[th] February 2001 to be governed by a Trust Deed of the same date.
It was Mrs West’s wish that the Trust should be governed by her three nephews who are the current Trustees.
In addition to lifetime gifts she bequeathed to the Trust her 25% share of the West Family Estate which contained freehold properties at London Road, Croydon (CRO), Thurlow Hill (SE21) and Vauxhall Grove (SW8).
Mrs Daisy Mary West died on 27[th] November 2003.
The current Trustees are also personal joint beneficiaries of part of the West Family Estate which share was gifted to them by their father on 19[th] February 2000.
Their interests in the West Family Estate as beneficiaries and their responsibilities as Trustees of the West Family Charitable Trust are similar and present no conflict of interest.
## **Objectives and Activities**
Mrs Daisy Mary West was very concerned about poverty in the world and in particular the victims of famine, drought and political unrest. She was a keen supporter of a vegan charity which provided relief to such victims and generally prompted the advantages of a vegan lifestyle for feeding the world in an environmentally friendly way.
It is the ongoing concern of the Trustees to manage the Trust funds and investments to ensure that in addition to the charitable work started by Mrs Daisy Mary West it continues to grow and identify other appropriate bodies to benefit from the Trust.
The Trust has no employees at present and is voluntarily run by the three Trustees who are in contact with each other regularly for this purpose.
## **The West Family Charitable Trust**
## **Trustees Report**
## **For the year ended 31 March 2023**
## **Trustee Recruitment and Induction**
It is not expected that the current Trustees will resign from this trust in their family name. Should a new Trustee be required the current Trustees will take every care to appoint the most suitable person available in accordance with the Trust Deed. They will also provide that person with a copy of the Trust Deed and full information on the management of the Trust to date.
## **Financial Review**
## **Income**
Firstly, our thoughts and sympathies go to All families and communities affected by the war in Ukraine and the continuing Covid Pandemic, as well as the Earthquake in Syria, Turkey.
## **Philippine Activity:**
The Philippines population. The activities of the Trust have been regular visits to support church and at homes for those in need.
## **UK Activity:**
The trustees intend to become more active and distribute more funds in the future. We did however support Ukraine Turkey and Syria in the purchase of humanitarian aid.
## **Reserves**
It had been decided to reserve most of the accumulated funds to date so that donations may be made from income rather than by reducing the principal capital. Interest rates are currently extremely low, and the situation is being carefully watched.
Balance sheet assets comprise: Funds in interest bearing deposits
25% ownership in West Family Estate which owns and rents properties 33% ownership in 29 Link Lane which is rented and managed by West Family Trust Amounts owed in respect of the rental properties above Loan advanced in respect of the Philippines Project
Kind Regards
Nicholas West – Trustee
Dated: 31[st] January 2024
## **The West Family Charitable Trust**
## **Independent Examiner’s Report**
## **For the year ended 31 March 2023**
We report on the accounts of the Charity for the year ended 31 March 2023.
## **Respective responsibilities of trustees and examiner**
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year (under section 144(2) of the Charities Act 2011 (the Act)) and that an independent examination is needed.
It is our responsibility to:
- examine the accounts (under section 145 of the 2011 Act);
- to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the 2011 Act, as amended); and
- to state whether particular matters have come to our attention.
## **Basis of independent examiner’s report**
Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the view given by the accounts.
## **The West Family Charitable Trust**
## **Independent Examiner’s Report**
## **For the year ended 31 March 2023**
## **Independent examiner’s statement**
In connection with our examination, no matter has come to our attention:
- 1) which gives us reasonable cause to believe that in any material respect the requirements
- to keep accounting records in accordance with section 41 of the Act; and
- to prepare accounts which accord with the accounting records and comply with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met or
- 2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Key Accountants (Midlands) Ltd
_Chartered Certified Accountants_
Office 5, The Forest Rock Offices Leicester Road Whitwick LE67 5GQ
Dated: 31[st] January 2024
## **The West Family Charitable Trust**
## **Statement of Financial Activities For the year ended 31 March 2023**
|**Notes**
**Unrestricted**
**Funds**
**2023**
**£**
**Restricted**
**Funds**
**2023**
**£**
**Income**
_Income from rents etc:_
West Family Estate
-
-
West Family Trust – 29 Link Lane
8,075
-
Income from property sale
106,773
-
_Income from investments:_
Interest received
7,288
-
**Total incoming resources**
**114,062**
**-**
**Expenditure:**
_Expenditure on charitable_
_activities:_
10,100
-
_Accounting fees:_
420
-
**Total expenditure**
**10,520**
**-**
**Net income/(expenditure) and net**
**movement in funds for the year**
**103,542**
**-**
Transfer between funds
-
-
**Reconciliation of funds**
Total funds brought forward
886,921
-
**Total funds carried forward**
**990,463**
**-**|**Total**
**Funds**
**2023**
**£**
-
8,075
106,773
7,288
**114,062**
10,100
420
**10,520**
**103,542**
-
886,921
**990,463**|**Total**
**Funds**
**2022**
**£**
-
6,500
-
4,773|
|---|---|---|
|||**11,273**|
|||450
420|
|||**870**|
|||**10,403**
-
876,518|
|||**886,921**|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on the following pages form part of these financial statements
## **The West Family Charitable Trust**
## **Balance Sheet For the year ended 31 March 2023**
|**Notes**
**Fixed Assets**
Tangible Assets
2
**Current Assets**
Debtors
3
Investments
4
Cash at bank and in hand
5
Creditors: amounts falling due within one
year
6
**Net Current Assets**
**Net Assets**
**Unrestricted funds**
General funds
**Restricted funds**
**Total funds carried forward**|**2022**
**£**
68,383
133,443
659,968
861,784
(1,321)|**2022**
**£**
130,000
860,463
**990,463**
990,463
-
**990,452**|**2022**
**£**
68,383
129,667
553,157
757,833
(912)|**2022**
**£**
130,000
756,921|
|---|---|---|---|---|
|||||**886,921**|
|||||886,921
-
**886,921**|
Approved by the trustees on 31[st] January 2024 and signed on their behalf by:
David West, Ian West and Nicholas West
The notes on the following pages form part of these financial statements
## **The West Family Charitable Trust**
## **Notes to the Financial Statements**
## **For the year ended 31 March 2023**
## **1. Accounting Policies**
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year.
## _(a) Basis of preparation_
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise state in the relevant accounting policy notes.
## **2. Tangible Fixed Assets**
|29 Link Lane
25% share in West Family Estate
_(no value available)_
**3.**
**Debtors**
Prepayments
Owing to West Family Trust||**2023**
**£**
130,000
-
**130,000**
**2023**
**£**
-
68,383
**68,383**||**2022**
**£**
130,000
-
**130,000**
**2022**
**£**
-
68,353|
|---|---|---|---|---|
|||||**67,369**|
## **4. Investments: Loan to Nicholas J West**
The loan of £200,000 is to finance Mr West’s purchase of a property in the Philippines in order to facilitate his ongoing charitable work there.
It is secured against the property, Mr West’s income from family trusts in the UK and Mr West’s personal guarantee.
Interest is charged on this loan at 3%.
The Charitable Work is primarily in education and is to be restricted to the objects of this Trust.
## **5. Cash at Bank and in Hand**
**2023 2022 £ £**
## **The West Family Charitable Trust**
## **Notes to the Financial Statements**
## **For the year ended 31 March 2023**
|Lloyds - 01022450
Lloyds - 00222502
Lloyds - 07299152
Lloyds - 22626660
Lloyds - 22625568
Treasury Deposit
**Creditors: amounts falling due within one year**
Accrued expenses
Owed to West Trust 3|2,607
17,127
45,026
648
9,016
585,544
**659,968**
**2022**
**£**
840
492
**912**||30,707
121,968
44,941
647
9,016
352,504
**553,157**
**2021**
**£**
420
492
**912**|
|---|---|---|---|
## **6. Creditors: amounts falling due within one year**
Signed By
## DAVID WEST
Date Signed 2024-01-31 19:41:17 Email drwproperty@aol.com Printed Name DAVID WEST IP Address 92.17.19.254 Browser User Agent Mozilla/5.0 (Windows NT 10.0; Win64; x64) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/120.0.0.0 Safari/537.36 Edg/120.0.0.0 Name of signatory David West