2024-03-31-accounts

Charity number: 1138467 THE WEST END COMMUNITY TRUST UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

THE WEST END COMMUNITY TRUST CONTENTS Page Reference and administrative details of the Charity, its Trustees and advisers Trustees, report Independent examinerfs report Statement of financial activities Balance sheet Notes to the financial statements 9-16

THE WEST END COMMUNITY TRUST REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024 Trustees F Rhys-Jenkins Bailey. Trustee J Davis, Trustee N Troup. Trustee K M Parker, Trustee Charity registered number 1138467 Principal office 14 Old Compton Street. London, W1 D 4TH Accountants The Bureau Accounting Ltd, 23 Kemsley Close, Greenhithe, Kent, DA9 9LS Page 1

THE WEST END COMMUNITY TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their annual report together with the financial statements of the The West End Community Trust for th8 year 1 April 2023 to 31 March 2024. The financial statements have been prepared in accordance ￿llth the accounting policies set out in note 1 to the financial statements and comply with the charitys goveming document, the Charities Act 2011 and 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). (effective 1 January 2019) Objectives and activities a. Policies and objectives The objects of the Trust are: 1. To develop the capacity and skills of persons who are socially and economically disadvantaged, primarily but not exclusively in the West End Ward of the City of Westminster, in such a way thet they are better able to identify, and help meet their needs and to participate more fully in society- 2. To relieve financial hardship, ill-health and other charitable need, in particular but not exclusively in the West End Ward of the City of Westminster, by providing a forum to enable charitable and other organisations to better Co-ordinate their work. 3. Such other purposes that are exclusively charitable according to the laws of England and Wales as the trustees at their absolute discretion may detemine. In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit.. running a charity (PB2)'. b. Actlvltles undertaken to achleve objectlves The principal activities of the charity are- 1. To develop the capacity and skills of persons who are socially and economically disadvantaged, primarily but not exclusively in the West End Ward of the City of Westminster, in such a way that they are better able to identify, and help meet their needs and to participate more fully in society. 2. To relieve financial hardship. ill-health and other charitable needs. in particular but not exclusively in the West End Ward of the City of Westminster, by providing a forum to enable Gharitable and other organisations to better Co-ordinate their work. c. Main activities undertaken to further the Charity's purposes for the public benefit The Trust has two core activities - the running of community events and smartphone workshops. The West End Time Bank is virtually dormant The Truslees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake Page 2

THE WEST END COMMUNITY TRUST TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achievements and perforniance a. Main achievements of the Charity The Trust continues to reach greater numbers of the older and more isolated members of the West End Community and has compiled an ambitious programme of events for the forthcoming year. During the year, the Trust was able to implement a full programme of community events. In the 2024 year, these events have been warmly welcomed and well attended, providing much needed social interaction to the community. During the lockdowns, enforced as a result of a global pandemic in 2020, the Trust's Digital Inclusion work expanded and has remained an important focus in the years since. Digital competence became an important factor in everyday life during that period and the necessity for all to be competent in digital communications was greatly accelerated. Financial review a. Going concern After making appropriate enquiries. the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existen￿ for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. b. Reserves pollcy It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between six and nine month's expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reseNes was not maintained throughout the year as a result of delays in the receipt of some corproate donations. However. it was reinstated prior to the end of the financial year. c. Deflclt The Trust's expenditure marginally exceeded its income for the year. There has been a continuous programme of fund raising since the Trust's major govemment funding was cut in 2010 and the Trust continues to approach key Gommercial enterprises in the local area to encourage their support for the community in which they operate. d. Principal risks and uncertainties The Trustees have assessed the major risks to which the charity is exposed, the principal of which is the risk of withdrawl of funding from key commercial partners, and are satisfied that systems are in pla￿ to mitigate exposure to Ihose risks. Page 3

THE WEST END COMMUNITY TRUST TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Structure, governance and management Constitution The West End Community Trust is a registered charity. number 1138467. and is constituted under a Trust deed. The Trust was incorporated as a private company limited by guarantee on 2 March 2010 (registered number 071752021) and registered with the Charity Commission on 19 October 2010. The charity was converted to a Charitable Incorporated Organisation on 10 June 2019 b. Methods of appointment or election of Trustees The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the temis of the Trust deed. c. Financial risk management The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and Pro￿dureS are in place to mitigate exposure to the major risks. Trustees. liability The trustees of the Charity guarantee to contribute an amount not exceeding £1 to the assets of the Charity in the event of winding up. Statement of Trustees. responsibilities The Trustees are responsible for preparing the Trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (Untted Kingdom Generally Accepled Accounting Practice). The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to: select suitable accounting policies and then apply them consistently. observe the methods and principles of the Charities SORP (FRS 102); make judgments and accounting estimates that are reasonable and prudent. state whether applicable UK Accounting Standards (FRS 102) have been followed. subject to any material departures disclosed and explained in the financial statements. prepare the financial statements on the going concem basis unless it is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hen￿ for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 4

THE WEST END COMMUNITY TRUST TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Approved by order of the members of the board of Trustees and signed on their behalf by: Sailey F RhYs￿enkInS Balley Trustee Date.. 06108124 Page 5

THE WEST END COMMUNITY TRUST INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 Independent examiner's report to the Trustees of The West End Community Trust ('the Charity.) I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2024. Responsibilities and basis of report As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act')- I report in respect of my examination of the Charitys accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145{5)(b) of the 2011 Act. Independent examiner's statement Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn. l understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confimi that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act., or the accounts do not accord with those records; or the accounts do not comply with the applicable requirements conceming the fomi and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. This report is made solely to the Charitys Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charitys Trustees those matters l am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charitys Trustees as a t)ody, for my work or for this report. Signed: Dated: 0610W24 Trevor Stroud (FFA FFTA) The Bureau Accounting Ltd 23 Kemsley Close Greenhithe Kent DA9 9LS Page 6

THE WEST END COMMUNITY TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted funds 2024 Total funds 2024 Total funds 2023 Note Income from: Donations and legacies 31.257 31,257 33,619 Total income 31,257 31,257 33,619 Expenditure on: Raising funds Charitable activities 189 189 373 34.838 34,838 38,101 Total expenditure 35.027 35,027 38,474 Net movement in funds (3,770) (3,770) (4, 855) Reconciliation of funds: Total funds broughl forward Net movement in funds 23,278 (3.770) 23,278 (3,770) 28,133 (4, 855) Total funds carried forward 19,508 19,508 23,278 The Statement of financial activities includes all gains and losses recognised in the year. The notes on pages 9 to 16 fonn part of these financial statements. Page 7

THE WEST END COMMUNITY TRUST BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Note Flxed assets Tangible assets 934 647 934 647 Current assets Cash at bank and in hand 21,006 25,719 21,006 25,719 Creditors= amounts falling due within one year 10 12,432) (3,088) Net current assets 18,574 22,631 Total assets less current liabilities 19.508 23,278 Net assets excluding pension asset 19,508 23,278 Total net assets 19.508 23,278 Charity funds Restricted funds Unrestricted funds 12 12 19.508 23,278 Total funds 19.508 23,278 The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by: F Rhys-Jenkins Bailey Trustee Date.. 06108124 The notes on pages 9 to 16 form part of these financial statements. Page 8

THE WEST END COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies 1.1 Basis of preparation of financial statements The financial statements have been prepared in accordance with the Charities SORP (FRS 102) Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. The financial statements have been prepared to give a 'true and fairf view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fairf view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The West End Community Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otheNise stated in the relevant accounting policy. 1.2 Income All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Where the donated good is a fixed asset, it is measured at fair value, unless it is impractical to measure this reliably. in which case the cost of the item to the donor should be used. The gain is recognised as income from donations and a corresponding amount is included in the appropriate fixed asset class and depreciated over the useful economic lrfe in accordance with the Charitls accounting policies. On receipt. donated professional ServI￿S and faulities are recognised on the basis of the value of the gift to the Charity which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market., a corresponding amount is then recognised in expenditure in the period of re￿ipl. 1.3 Expenditure Expenditure is recognised once there is a legal or constructs've obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not atlributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and indudes costs of all fundraising activities events and non-charitable trading. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs. Page 9

THE WEST END COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (continued) 1.3 Expenditure (continued) All expenditure is inclusive of irrecoverable VAT. 1.4 Tangible fixed assets and depreciation Tangible fixed assets costing £500 or more are capttalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are inrtially recognised at cost. After recognition, under the cost model. tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Depreciation is charged so as lo allocate the cost of tangible fixed assets less their residual value over their estimated useful lives. on a reducing balance basis. Depreciation is provided on the following basis: Fixtures and fittings 25°/. Reducing balance 1.5 Cash at bank and in hand Cash at bank and in hand includes cash and short-tem) highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 1.6 Liabilities and provisions Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. 1.7 Financial instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured al their settlement value wilh the exception of bank loans which are subsequently measured at amortised cost using the effecttve interest method. 1.8 Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Page 10

THE WEST END COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Critical accounting estimates and areas of judgment Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectalions of future events that are believed to be reasonable under the circumstances. Critical accounting estimates and assumptions: The Charity makes estimates and assumptions conceming the future. The resulting accounting estimates and assumptions will. by definition. seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below. Income from donations and legacies Unrestricted funds 2024 Total funds 2024 Donations 31,257 31,257 Unrestricted funds 2023 Total funds 2023 Donations 33,619 33,619 Expenditure on raising funds Costs of raising voluntary income Unrestricted funds 2024 Total funds 2024 Costs of raising voluntary income 189 189 Page 11

THE WEST END COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Expenditure on raising funds (continued) Unrestricted fvnds 2023 Total funds 2023 Costs of raising voluntary income 373 373 Analysis of expenditure on charitable aGtivities Summary by fund type Unrestricted funds 2024 Total 2024 Charitable activities 34,838 34,838 Unrestricted funds 2023 Total 2023 Charitable activities 38,101 38,101 Analysis of expenditure by activities Activities undertaken directly 2024 Support costs 2024 Total funds 2024 Charitable activities 34,338 500 34,838 Page 12

THE WEST END COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Analysis of expenditure by activities {continued) AGtivities undertakgn d1￿CtlY 2023 Support costs 2023 Total funds 2023 Charitable activities 37,601 500 38,101 Independent examinerfs remuneration The independent examinerfs remuneration amounts to an independent examiner fee of £500 {2023 £500). Trustees. remuneration and expenses During the year, no Trustees received any remuneration or other benefits (2023 - £NIL). During the year ended 31 March 2024. no Trustee expenses have been incurred (2023 - £NIL). Tangible fixed assets Flxtures and fittings Cost or valuation At 1 April 2023 Additions 1,260 599 At 31 March 2024 1,859 Depreciation At 1 April 2023 Charge for the year 613 312 At 31 March 2024 925 Page 13

THE WEST END COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Tangible fixed assets (continued) Fixtures and fittings Net book value At 31 March 2024 934 At 31 March 2023 647 10. Creditors: Amounts falling due within one year 2024 2023 Accruals and deferred income 2,432 3, 088 11. Financial instruments 2024 2023 Financial assets Financial assets measured at fair value through income and expenditure 21,006 25,719 Financial assets measured at fair value through income and expenditure comprise bank balances. Page 14

THE WEST END COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 12. Statement of funds Statement of funds - current year Balance at 31 March 2024 Balance at 1 April 2023 Income Expenditure Unrestricted funds General Funds - all funds 23,278 31.257 (35,027) 19,508 Statement of funds - prior year Balance al 31 March 2023 Balance at 1 April 2022 Income Expenditure Unrestricted funds General Funds - all funds 28, 133 33,619 (38,474) 23,278 13. Summary of funds Summary of funds - current year Balance at 31 March 2024 Balance at 1 April 2023 Income Expenditure General funds 23,278 31,257 (35,027) 19,508 Summary of funds - prior year Balance al 31 March 2023 Balance at 1 April 2022 Income Expenditurg General funds 28, 133 33,619 (38,474) 23,278 Page 15

THE WEST END COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 14. Analysis of net assets between funds Analysis of net assets between funds - current period Unrestricted funds 2024 Total funds 2024 Tangible fixed assets Current assets 934 934 21,006 (2,432) 21,006 (2,432) Creditors due within one year Total 19,508 19,508 Analysls of net assets between funds - prlor perlod Unrestricted funds 2023 Total funds 2023 Tangible fixed assets Current assets Creditors due within one year 647 25,719 (3,088) 647 25,719 (3, 088) Total 23,278 23,278 Page 16

West End Community Trust 2024 - Full Accounts Final Audit Report 2024-08-06 Created.. 202¢0&06 By.. Jennrfer Davis [e-mail] Slalus.. Signed Transaction ID.. CBJCHBCAABAANr059UtfdLRuLwkg9qa7QertklwYfcZIO "West End Community Trust 2024 - Full Accounts" History Document created by Jennifer Davis ([e-mail]) 2024-0&06- 10..35..59 GMT- IP address.. 193.117.199.38 Document emailed to [e-mail] for signature 2024-08-06- 10.'39'.17 GMT Email viewed by [e-mail] 2024-08Q6- 10'.40'.57 GMT- IP address.. 86.186.13.11 Signer [e-mail] entered name at signing as FionaJRJ Bailey 2024-08-06- 10.44.00 GMT- IP address. 86.186.13.11 Document e-signed by FionaJRJ Bailey ([e-mail]) Signature Date. 2024-0￿6 - 10:44.'02 GMT- Time Source.. server- IP address: 86.186.13.11 Document emailed to The Bureau Accounting Ltd ([e-mail]) for signature 2024-08-06- 10..44..04 GMT Email viewed by The Bureau Accounting Ltd ([e-mail]) 2024-0&06- 10.'46'.25 GMT- IP address.. 95.166.36.4 Document e-signed by The Bureau Accounting Ltd ([e-mail]) Signature Date. 2024-08-06 - 10:49..13 GMT- Time Sourc£.' server- IP address: 95.166.36.4 Agreement completed. 2024-08-06- 10.'49.'13 GMT C':41iltrr A(robat Sign