ChArity r¢gi$trntiort numb¢r 1126S53 Company regislratlon number 06488972 (Engl8nd Wthles) THE WHITSTABLE CASTLE TRUST ANIYUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR EIYDED 31 MARCH 2025 •AEHBzwfD• 1311212025 COMPANIES HOUSE A10
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THE WHITSTABLE CASTLE TRUST LEGAL AND ADMINISTRATIVE INFORMATIO Trnsleej L M Annable Ms Li (ilover Lllr Mr M Northover Mr AJ Farrow (R¢sign¢d 14 May 2025) Mrs CJ Parry Chrisiine Humber Mr DR Frosl {Appointed 10 April 2025) Mr J Dcnnis (Appointed 15 O¢tob¢r 2025) Cb•rlty numb¢r 1126553 Company ntsmber 06488972 Independent eximiner IPA GROUP LTD 128 High Streei Heme Bay CT6 SJY
THE WHITSTABLE CASTLE TRUST CONTENTS PAge Ttustees, rert Independent txaminels report Statement of financial activities Balan¢e shett No(es lo th¢ financial statemenls 6~13
THE WHITSTABLE CASTLE TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 h£4RCH 2025 The trustres present their Annual Teport and financial stalements for the year ended 31 March 2025. The fin8m¢ial ststements have been prepared in cOrd8nCC with the accounting policies set out in note I to the finan¢iai siai¢ments and comply with the ¢harity'S [gov¢ming do¢um¢DtI, the Companies A¢1 2006 and "Ac¢ounlin8 ond Reportiti8 by ChaTities: Stai¢menl ofRe¢ommended Praciice applicable to charilies PTeparhng their accounts in accordance with the Finttncial Reporting Standard applicable in the UK and Republie of ITeland (FRS 102)" (effective l January 2019). Objeiilves and actlvitles The charity i$ a charitable Company limited by guarantee. It is governed by a memorandum and articles of associaiion. Its objects are.. io promote for the benefit orth¢ publil the renovution and pr¢servalion of Whitstsbl¢ C8s11e And its grounds as a building ofsp¢¢io1 architectural and histori¢al ini¢it$l. - to advance the educAtion of the public in the histotical 4Ad architecNral value of the castle and in its renovation aThd preservolion. lo promoie for ihe benefit of the inhabiianls of Whitstable and ViSiWrs lo Whitstable and the surrounding areas, without distinction of sex, sexual orientation, race or ofpolitical, religious or other opÉnions by associating together the said r¢sid¢nls and local Authoriii¢s, volun¢ary and other or8anis&iion in o common eiTort 10 8dvan¢e ¢du¢aiion and io provide facilities in the inleregl of social welfare for recreation and kisure-lime occupaiion with the objecl or improving the ¢onditions of life for the said inhabita15. The iru3lee$ do rtol foresee any mllterial change in ¢he aclivilies of the company. The trust¢¢5 have paid due re8ard to guidan¢e issued by th¢ Charity Commi99ion in deciding what aciivities ihe charity should undertake. Acblevements Mnd performance Fi8n¢la1 r¢vi¢w li is the policy of the charity thai unre$tric¢ed furtds which have noi been de$i8naied for a specific use should be maintsined at a level equivalenl to between thrtt and six month's expenditure. The tnJstee5 consider that reserves ai this level will ensure ih81. in the eveni of a sigrtifi¢anl drop in fvnding. they will be able lo continue th¢ ¢harity's ¢urrent activitieg while consid¢raiion is given to ways in which oddiiionol funds may be rais¢d. This level ofreserves hgs been maintained throughout the year. The trustees have assessed the major risks to which the charity is exp)sed. and are satisfied that systems are in pla io mitl88l¢ exposure io the mojor risks. Stru¢tur4 gov¢rn4n¢¢ •nd manA8ement The charity is controlled by its 8ovemin8 documen( a deed oftrusL and nstI1¢t$ a limited company. limited by guarantee, as defined by the Companies Act 2006. The tru$ie¢s. who are also the direclors for the puwse of company law, ond who s¢rved during th¢ yev and up to the dale of signature of the financial siaiem¢nts were: Mrs L M Annobl¢ Ms G Glover Cllr Mr M Northovcr Mr AJ Farrow (Resigned 14 May 2025) MTS CJ Parry Christine Humber Mr DR Frost (Appointed 10 April 2025) Mr J Dennis {Appoint¢d IS October 2025)
THE WHITSTABLE CASTLE TRUST TRUSTEESI REPORT (INCLUDING DIRECTORS, REPORT) (COINTIIYUED) FOR THE YEAR ENDED 31 MARCH 2025 None of the tn]stees ha$ Bny benefJ¢ial interest in th¢ company. All ofthe ¢ru$ie¢s are m¢mber$ of ihe ¢ompany and guarantee io eontribute £1 the eveni of a windin8 UP. Suppll¢r pyment poll£y The company's cutt¢nt poli¢y coneernirtg the payment of trade cr¢ditors is to follow th¢ CBI'S Prompt Payers Code (copies are availabl¢ from the CBI. Centre Poini. 103 New Oxford Stre¢i. London WCIA I DU). The company's currenl policy nCernIng the pthym¢ni of trade creditors is 10., . settle the ternis of phyment with suppliers whcn agreeing th¢ fem)5 of eAch tr8nsa¢tion: . ensure th41 supplier5 ar¢ made aware of Lhe lerms of payment by inclusion of the releyanl ternis in contracts; and . Pay in a¢¢ordan¢e with the ¢ompany'$ contractsat and other legal obligations. The trustees, report approved by the Board of Trusleell. Mr8 CJ Parry Ch&irmTh Date.. 2411 IQ025
THE WHITSTABLE CASTLE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE WHITSTABLE CASTLE TRUST I pOrt to the trustees oft my ¢xominaiion of the fin8n¢ial siatem¢nts of Th¢ Whitslgble Castle Trust (Ihe charity) fDr the year ended 31 March 2025. Responsibilbties #nd b#sis of report As the trusiees of the charily {d Also lis directors for the purposes of¢ompany law) you ar¢ responsible for the preparalion of the fu>Ènci&l siai¢menis in ac¢ordanee with th¢ r¢quir¢ments of the Companies Act 2006 (th¢ 2006 Aci). Havin8 satisfied my$eif that th¢ finan¢ial $i•iemertis of the chariry ar¢ rtoi required to be audii¢d under Part 16 ofthe 2006 Act dnd are ¢li8Lbl¢ for independent ¢xamhnation, I report irt r¢S£t of my ¢xkminption of th¢ charity's fmancial sl8*men¢8 ¢arried oui under stciion 145 of ihe Charilie$ A¢1 2011 (the 2011 A¢¢). In carrying out my ¢xaminalion have followed ail the applicable Directlofts 8iven by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent eK4mlner'$ 8ta¢emeTht Since the charity's gross income exceeded £250,000 your exominer musi be a memb¢r of a body listed in seclion 145 of the 2011 Act. l ¢onfm thai l am quAlifi¢d to under¢8ke tki¢ examination be¢guse l am a mem1 of . which is ofte of th¢ lisled bodies. I hav¢ compleled my examination. l ¢onfinn thot no matteTS have come to my anenlion in connection with the examinalion Biving me cau5¢ to believe thal in any maierial respect.. l aceounling records were not kept in re9pe¢t of the Charity as required by seclion 386 of the 2006 Aci. or 2 ihe financial 3laicm¢nts do not accord with those records. or 3 the financial statemenis do not comply with the a¢c4)untin8 tEquirements of section 396 of the 2006 Act other thon any qUIreMent that the accounts give a true and fair view whi¢b is not a matter ¢onsidered as part oran independent exwnin&iion,' or 4 the financial staiemenis hav¢ noi been prepar¢d in accordance with the methods and principles orth¢ Statement of R¢eomrnend¢d Pra¢tice for ac¢ountitl8 and reporfin8 by charilies applicable to chariiies pttparin8 iheir oecounis in ac¢ord8m¢e with the Financial Reportin8 Siondard oppli¢able in th¢ UK and Republic of Ireland (FRS 102). I have no nCernS and have come across no other matters in cortneciion wilh the examination io whi¢h attention should be drawn in thi5 report in order to ¢nabl¢ & proper und¢rstsnding of th¢ financial stalciii¢nts lo b¢ rcach¢d. loana Cismaru FCCA IFA GROUP LTD 128 Hh8h st¢t Herne Bay CT6 5JY Daied: 241111202S
THE WHITSTABLE CASTLE TRUST STATEMENT OF FINANCIAL ACTIVITJES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH202S 31.125 Total Funds 31.3.24 Total Funds Unrestrirted fund Restricted funds Note5 Income and endowments from.. Donations and legacies Charitsble Activities Other trading actlvltles Investments Other income Total Income 7,769 559,887 It%,343 1,792 4,$47 ,338 7.769 591,887 106,343 1792 4,$47 712,338 14,256 745,610 51,230 32,OX) 2,575 815,330 32,rxo Ex enditure on: Chaiitable Attlvlties 679,396 31Q)J 711.396 827,801 Taxation Total expendlture 12 679,396 32,1))) 711,396 827,8C Net lexpenditurellincome forthe yearlNet movement In funds 943 712,338 12,477 Fund balances at IAprll 2024 Designated fund- Refurbishment ReseNe Fund balance5 at 31 Marth 2025 52,740 ,301 133,984 52,740 65,217 765,078 52,740 The $thtemeni of fman¢ial activities includes all gains and105se5 reco8nised in the year. All income and exp¢nditur¢ derive from coniiftuiftg activRlie$. The staiem¢nt of financial activiiies also complies with th¢ requirement5 for pn ineorne 8nd exp¢nditUTe account under the Companies Act 2006.
THE WHITSTABLE CASTLE TRUST BALANCE SHEET ASAf31 MARCH2025 2025 2024 Notes Flxed A$sets Tangible assets Current assets Stock5 Debtors linduding prepayments and accrued income) Cash at bank and in hand 13 16,970 14 Is 17,663 19,&J3 179,929 217,195 26,494 35,C67 187,625 249,186 CredIto. amounts fallln8 due wlthln one year 16 loo,1 211, Net current asse151(IlabSlltlesl Total assets less current Ilabllltle5 117,014 133,984 37,2% 52,740 Income funds Desl8nated tund- Refurblshrnenl Reserye Restrlrted funds Unrestricted funds Unre51ricted funds. 8eneral 80,301.10 52,740.OJ 133,984 133,984 52,741 52,740 The Mparty is entitled to the exemplion from the audit requ1ment ¢oni8ined in 5¢¢tion 477 of lh¢ CompDnies A¢i 2006, for the year ended 31 March 2025. The direclor5 acknowledge their responsibilili¢s for ¢omplying with the requirements of the Companies Acl 2006 with Tespe¢t to ¥ccouniirt8 records and the preparation of fancIal statements. The memb¢rs have not required the Company to obtain an audil of lis finAn¢ial statements for the year in quesiion in accordonce with seclion 476. These firt¢181 $laiements have been prepartd irt a¢¢ordan¢e with the provisions appli¢Able to companies subject lo the small ¢ompanies reBim¢. The financial stalements were approved by the Trusi¢es on 2411 Ir2025 Mrs CJ Parry Cbmirrng Company registrtion number 06488972
THE WHITSTABLE CASTLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 frURCH 2025 l Attounting policies Charity irorMli0n The Whitslable Castle Trust is a privat¢ company limited by guarantee incorporated in Engld and Waks. The register¢d office is Whitsiabl¢ CL8tle. Tower Hill. Whitstllble, KenL CTS 2B W. 1.1 Accounting conventio The ftnancial staternenis have been prepared in accordance with the charity's tgoverning documentl, the Companies Act 2006, FRS 102 "The Fin&n¢ial Reportin8 S¢and8rd applicable in th¢ ifK and Republi¢ of IT¢ld, ("FRS 102,? and the Charilies SORP "Accouniirt8 and R¢porting by Chorili¢s'. Statement of Recommended PT4¢1i¢e opplicabl¢ lo ¢harilies preparing their accounts in accordancc with the Financi Reporting Standard applicable in the UK and Republic of Ir¢land (FRS 102)" (effective l January 2019). The charity is o Public Benefii Eniity as defined by FRS 102. The charity hAS token advaniage of the provisions in ¢he SORP for ChIlle$ not to preporc a Sia*ment of Cash Flows. The financial statements 8r¢ prepared in slerling, which 1$ the funclional currency ofthe ¢h8rity. Monetary amounrs in these financial statements gr¢ r0uftd io the nebrtsi £. The financial $iaieinent3 have been Prepared urtder the histori¢81 cost convention. {Inodified lo include the revalualion of freehold properiies and to include investment properties ond certain financial inslrurnenis at fair value. The principal accountin8 policies adopt¢d awe s¢t out b¢low. J.2 Going concern Ai the time of approving the financial sthtem¢nis, the truslees have a re850nable expe¢tstion thal the Charity has adequaie resources to continue in operalional exislence for the foreseeable future. Thus. the trustees continue io adopl the going concern bLsis of a¢¢ouniin8 in preparing the financial statements. 1.3 ChorltAble fundi Unrestri¢ted funds are available for use at the discretion ofthe trustee5 in furtherance of their chgritable objeclives. Re51ricted fijnds ue subject to specifi¢ conditions by donors as to how they may be used. The pury)oses and uses of th¢ restricted funds are set out in the notes to the financial statements. Endowmeni funds are subject to spe¢ifi¢ conditions by donots that Ihe capital must be maintained by the Charity. 1.4 In¢ome Income is recognised when the charity is legally entitled to it after any perfomian¢¢ ¢ondilions have been met, the ounls Can be m¢ured reliably. and li 1$ prob&ibl¢ ihai in¢ome will b¢ received. CB5h donations are rcco8nised on receipl. Oth¢r donations arc r¢¢o8nis¢d oncc lh¢ charity has been notified of the donation, unl¢ss perforniance ronditions require deferral of the omount. Income recov¢J¥ble in relation to donolion$ received under Gift Aid or d¢eds of ¢ovenant 1$ re¢o8nis¢d at the time of the donation. Le8aCi¢9 are recogiiised on receipi or otherwi5¢ if ihe charity h45 b¢en notified of an irnpendin8 distribution. the amounl is known. receipt is expe¢led. If the amount is noi known. the lega¢y is Ir¢ated as a ¢ontin8enl asset. 1.5 ExpendItre Liabilities are r¢cognised as expenditure as soon as there is a legal or conslruclive obligaiion committing the Charity to thal ¢xpenditure. it is probable that a transfer of economic benefits will be required in selllemenl and the arnount or the obligaiion ean be m¢&sud reliably. Expertditur¢ is ¥¢counied foT on An a¢¢ru#ls bosis been classified under headings that aggregate ull cosl related to the category. Where costs ¢8nno¢ be directly attributed to particular headings they have been allocaied to aetivities on a basis ¢onsi$tent with the us¢ of resources.
THE WHITSTABLE CASTLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH2025 l A¢¢ountittE polities (Continued) 1.6 Tangible fbxed a$sel$ Tongible fixed ass¢is are initially measured at cost and subs¢qu¢ntly rn¢8sured 41 cosi or valuation. net of depreciation and any impairnient losses. D¢pre¢io1ion is recogrtised so as to Mryite off the cost or vAluation of as15 less th¢ir residual value$ over their useful lives on the following bLs¢s'. Plant and equipment Computers 20% on cosi on ¢ost The 8&in or109$ arising on Ihe di$pos41 Of ossel is d¢l¢mined as the difference be(ween Ihe sal¢ pro¢¢eds And the calrying value of the &85¢L and is r¢¢o8nis¢d in the slaiemenl of financial activilies. 1.7 Impalrment of fixed g$$ets Ai each reporting end date, the charity reviews the carrying amounts oftts tAn8ible &sset$ to deierniine whether there is any indication thAI ¢hos¢ &4s¢ts have suiTcrcd an impainncnt loss. If any such indicolion exists, the r¢¢oveTable amouni of the assei is eslimaled in order lo detemiine ihe extent of the impaimenl loss (if any). 1.8 Stocks Stocks ore slated At the lower of Lx)sl and nel reAlisable vU¢. after moking due allowance for obsolete Ènd slow moving ilems. Nel realisable value is the estimated sellin8 price less all e51imated $15 of mp]ellOn and cosis to be incurred in marketing. selling and distribuiion. 1.9 Cash caih equlval¢nts Cash and cash equivalentg inelude ¢49h in,hand, deposits held ai Call with bwths, other short-terni liquid investmenis with origin&l maturities of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in curreni liabililieg. 1.10 T*xAtlon The chllrity Is exempi from ¢orporation on its charitable activiii¢s. 1.11 Retircmcnt benefits P4ym¢nts lo d¢fin¢d ¢oniribulion r¢iirem¢ni benefii schemes are charsed as an expense Bs they fall due. 2 Critieal a¢counting ¢g¢im8tes judeemonts In the applicalion of the charity's accountin8 policies, the trustees are required to mak¢ judg¢mcnlS. estimaies and assumptions about the Carrying amount of assets and liabilities that Bre not readily apparent from other sources. The estimat¢5 and associated Hssumptions are based on historical experienR and other fi¢iors that are considered to relevgni. A¢luol results may dilT¢r from th¢s¢ eslimaies. The estimates and underlying a$5umplions are reviewed on an ongoing basis. Revision$ to a¢¢ountin8 estimates o reco8nised in the period in which the estima(e is revised where ih¢ revj5ion affe¢t5 only that period. or in the period of the revision and fuwre periods where the revision aiyects both current and future periods.
THE WHITSTABLE CASTLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH2025 3. Charitable actlvlties Trading Grounds upkeep and maintenance Total 2025 'rotal 2024 Caterlng Venue hire and hospitallty Tea gardens Plant sales Local authority 8rants- tree removal QiRS 8rants Eat Out Grants Viridor Grant Charltable rental Income Standard earned income . CCC malntenance fund 393,729 130,178 16,797 393,729 130,178 16,797 415.269 221,119 44,659 3,763 19,183 19,183 32,QJO 591,887 28,8CQ 32,CIXI 745,610 32,IXfft) 32,LKKI 559,887 Analysis by lund Unrestrirted funds- general Restricted funds 559,887 559,887 32,1X)J 591,887 713,610 32,IX 745,610 32,1)I) 32,C(() 559,887 For the year ended 31 March 2024 Unrestricted funds- general Restricted funds 713,610 713,610 32,C(K) 745,610 713,610 32,OJO 745.610 32,1)JO 32,(O) 713,610
THE WlllTSTABLE CASTLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH2025 Donatlons and le8acSes Unrestricted Unrestrirted fund5 Restrirted fund5 funds 8eneral general 2025 2024 Total 2025 2024 Donations and gifts Friends, membership Tips and gratuities Grants 8,951 175 5,130 8,951 175 5,130 113 7,769 14,256 14,256 Othertradlng artlvltles Unrestrlcted funds general 2025 Total 2024 fundraising events IC6,343 51,230 6. Investments Unrestrlcted funds general 2025 Total 2024 Interest receivable 1,792 7. Other incoffle Unrestrirted funds general 2025 Total 2024 Insurance claims and other Sncome 4,547 2,575
THE WHITSTABLE CASTLE TRUST NOTES TO THE FINLNCIAL STATEMEIYTS (CONTINUED) FOR THE YEAR E]VDED 31 M4RCH2025 & Expenditurt onthwitsble artivities TrIng Castle upkeep and Ground5 upkeep admSnislfation and maintenarKe 2025 2025 Total 2025 Total 2024 2025 Depreaation and impairment Siaff cost5 Calerlngsupplies and equipment Weddln8 eventCOs15 laundry Rates and Water Insurance ii8ht and heat Telephone Printin& postage, stationery and advertlsing Sundries Castle and 8aie house expense5 Computer supplie5 Maintenance Increase In serIeS 4,415 277,629 6,841 X),181 6,455 4,515 363,796 136.841 I,1 6,455 9,347 26,856 23,L512 4,749 L319 S,C63 443,337 181,978 49,328 3,039 8,S07 23,885 29,912 4,E41 4,593 79,911 6,255 9,347 26,856 23,(42 4,749 1,319.23 20,690 5,236 3,4% 25,745 46,43S 5,236 49,012 6.668 2,295 475,521 174,751 32,C &82,2n 811261 Share of support costs (see note 91 Share of goveman¢e costs (see note 91 14,167 7,312 1,371 376 33,747 22,850 6,273 711,3% 9,534 493,578 184,070 827,801 Analyslsbyfund Unrestricted funds- general RestrSded lund5 493,578 184,070 1,747 32,OX) 33,747 679, 32,OXI 711,3% 32,tK)I 827,801 493,578 184,070 Fortheyearended 31Marth 2024 Unre5trirted fund5" 8enenl Restrirted lunds 1,041 253,827 932 32,CLiI 32,932 795,8i0 32,(KJl 827,801 541,C41 253,827 -10-
THE WHITSTABLE CASTLE TRUST IYOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR EIVDED 31 MARCH 2025 9. Supmcosts Supportcorts Governance costs 2025 2024 Bank tharges Payroll and accounting costs Legal 3ndproles5ional fees Accountancy 7426 15424 7,426 15,424 3,873 2,4CKI 29,124 8259 1275 3,606 2,4LIJ 15,540 3,8n 2,4CQ 6,273 22,850 10. Trustees None ol the Ifustee5 lor any persons connected wlth them) receNed atyfemunerallon or benefits from the charity durin8the year. 11. Employees Numberof employee5 The average monthly nurnbei ol employees durin8ihe year was.. 2025 Num1 2024 Numbei 31 25 Employment co5 2025 2024 Wage5 and salari Social security costs Other penslors costs 344,288 15,419 4,089 363,796 413,766 22,545 7,026 443,337 12. Taxation 2025 2024 Penaltyfor lalesubmi5%0n
THE WHITSTABLE CASTLE TRUST NOTES TO THE FINANCIAL STATElklENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 11 Tangible fixed a55ets Plant & equlpment Computers Total Costor¥aluatlon Al l Apiil 2024 Addition5 Disposals Al 31 March 2025 31681.69 L239 32,921 6,041 37,723 L239 38,962 Depredatlon At l April 2024 Charge for the period on owned assets At 31 March 2025 16338 [139 17,477 4,515 21,992 4415 20753 1,239 Net book value At 31 March 2025 970 16,970 At 31 March 2024 15,344 14. STOCKS 2025 2024 Stock5 17.663 26,494 15. DEBTORS.. AMOUNTS FAWNG DUE WITHIN ONE YEAR 2025 2024 Trade debtors Other debtors Prepaymenls and accrued Income 9,978 36,070 9,625 19.FA)3 1,ty)3 35,067 -12-
THE WHITSTABLE CASTLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 3J MARCH2025 16. CREDITORS: AMOUNTS FAWNG DUE WITHIN ONE YEAR 2025 2024 Othertaxation and soclal security Trade creditor5 Other creditors Accruals and deferred Income 16,930 39,404 914 42,933 Ic(J,181 19,506 44,536 67,448 211,890 17. REiATED PARTY DISCLOSURES There were no dlsclosable related party transattions during the year12024- nonel 13-