COMPANY REGISTRATION NUMBER: 07867225 CHARITY REGISTRATION NUMBER.. 1146677 Westgate Community Trust (Canterbury) Ltd Company Limited by Guarantee Unaudited Financial Statements 31 December 2023 NLLP Chartered accountants Camburgh House 27 New Dover Road Canterbury Kent CT13DN
Westgate Community Trust (Canterbury) Ltd Company Limited by Guarantee Financial Statements Year ended 31 December 2023 Page Trustees, annual report (incorporating the directorfs report) Independent examiner's report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements
Westgate Community Trust (Canterbury) Ltd Company Limited by Guarantee Trustees, Annual Report Ilncorporating the Director's Report) Year ended 31 December 2023 The Iruslees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 December 2023. Reference and administrative details Registered charity name Westgate Community Trust Icanlerburyl Ltd Charity registration number 1146677 Company registration number 07867225 Principal office and registered Westgate Hall office Westgate Hall Road Canterbury Kent CT12BT The trustee$ Jane Alison Brooke Lydia Ann Jackson Imogen Beatrice Morizel Katherine Rebecca Simmonds Sammy Jayne Gildroy Sarah Jane Wren Independent examlner Thomas Saltmer Burgess Hodgson LLP Camburgh House 27 New Dover Road Canterbury Kent CT1 3DN
Westgate Community Trust (Canterbury) Ltd Company Limited by Guarantee Trustees, Annual Report Ilncorporating the Director's Report) (¢¢)nfynvedJ Year ended 31 December 2023 Structure, governance and management Westgale Hall continues to operate with three permanent staff ICEO, Events Manager, Event and Building Supervisor), as well as agency and freelance staff, consultancies covering finance, marketing, communications and cleaning. We continue lo operate with a "Cloud based" helpdesk enquiry system (Jiral which supports the customer journey from initial enquiry through to conversion to booking. Board of Trustees Our Trustees represent local independent businesses, marketing, public relations, human resources, the non-pmfit sector, economics, fundraising, international corporate sector, and hospitslity. They continued lo volunteer their professional skills and time in supporting our Hall CEO, Clare Millett. Everyone mained focused on guaranteeing the Hall's future and the security of our CEO and staff. In accordance with Article 41 of the Trusvs Articles of Association, communication between the CEO and Trustees can tske place electronically. This flexibility has ensured Board meetings and conversations have taken place either electronically or in person while working through the critical revival of Weslgate Hall's use. Chief Executive Officer Clare Millett ICEOI continues to handle all financial and operational matters as well as expanding and strengthening Weslgale Hall's business relationships and neOrkS, including Canterbury City Council, Canterbury BID (Business Improvement Dislricll, charities and Canterbury residents. In her additional voluntary role Clare remained Chair of the Board of Canterbury BID. Cathy Blower, Events Manager, oversees client relationships including with University of Kent, NHS Trusts and wide range of regular and new customers. Objectives and activitigs Throughout 2023, the Trust increased ils profile by reaching and engaging with a diverse range of charities, businesses and communities from Canterbury's Dislricls and Kent, more broadly. Thanks lo these efforts we have had an overall footfall through Weslgale Hall of approximately 28,000 Among the celebrations, training, workshops, fundraising efforts and more, here are some of those organisalions and partners.. KRAN (Kent Refugee Action NeOrkI, SKC Islronger Kent Communities, SEK (Social Enterprise Kenll, Canterbury Labour Paty, University of Kent's Islamic Society, Northgale Medical Practice Consullalion Event, Vaisakhi a Sikh identity festival and celebration event, a Drag Bingo Wedding (first time!), Canterbury City Council elections, Pilgrims Hospice Fundraising Fair, Lily's Social Kitchen Prize- Giving Celebration, Canterbury City Council Managers Meetings and Staff Conference, Oktoberfest, Army Recruitment Fair, Circus Starr for Disabled children and their families, Canterbury Festival and Bemix pop-up café
Westgate Community Trust (Canterbury) Ltd Company Limited by Guarantee Trustees, Annual Report Ilncorporating the Director's Report) (¢¢)nfynvedJ Year ended 31 December 2023 Achievements and perfomiance Westgale Hall Market has evolved during the year. It is now managed by two of our long-term makers from our Market Community who share their expertise and work together wth Trust staff. They have taken on the responsibility for booking, marketing and managing the event. The benefits for The Trust are that we have a guaranteed hire fee, broader selection of makers and stall holders and an increasing footfall which in turn is expanding our audience, community reach and increasing our café income. The Canterbury Wine FeslivalThl ICWFI. the Trust delivered the 4th Festival in May 2023 engaging with over 400 people throughout the event and began planning CWF 2024. The Sidney Cooper Gallery During 2023 the Trust continued to participate in conversations with a working group together with community representatives from Canterbury City Council to secure The Sidney Cooper Gallery, adjacent to Westgate Hall, as a Community Asset. Collaboration with Canterbury City Council The Community Halls and Venues Project has continued with neOrkIng sessions throughout the year. The Trust's 6th International Women's Day Event, March 2023 with 85 attendees Continued our quarterly e-news mailing list which currently has 640 subscribers Financial review The Trust began 2023 in delicil, a situation which continues to be representative of Canterbury's hospitality sector. Monthly repayments for the 'boUn-baCk loan will continue until a final repayment on 7 May 2030. 2023 began quietly in terms of bookings other than regulars such as Canterbury Academy, Bemix, Salsa and NHS Blood donations. Bookings began increasing in March 2023 with new clients including International Rescue Committee, University of Kent Schools of Arts, Humanities and History, live music bookings, weddings and fundraising events for local businesses. Customer confidence has improved during the year which has supported income growth. Re-building reserves remains a focus for the Trust with a new Lloyds bank account opened for this specific purpose. As outlined in our 2022 report, we have achieved the following.. Quarterly refreshing of Westgate Hall's website Iwith market analysis, marketing, communication reviews etcl aimed al maintaining and reaching new markets, customers, collaborators and driving sales. Annual reviewing policies and the Hall's fees for hire and booking contracts Annual review of staff contracts Ifull-limelpart-timelflexiblel,. job descriptions - Applied for funding and loans to upgrade WC and accessible WC facilities, fire doors and storage
Westgate Community Trust (Canterbury) Ltd Company Limited by Guarantee Trustees, Annual Report Ilncorporating the Director's Report) (¢¢)nfynvedJ Year ended 31 December 2023 Plans for future periods Entering 2024 we continued lo build on our achievements in 2023 by". Regular 6 weekly Board Meetings and quarterly strategic governance sessions with our Board of Trustees strategic Board training and workshop sessions Reviewing the TrusUHall's brand, audiences and communications strategy Developing and promoting the Trust's programmes, e.g., the Canterbury Wine Circuit and Festival, International Women's Day Telling the stories of the Trusys community engagement Expanding the number of festivals, markets and music events using the Hall plus identifying new opportunities for hire including filming and recruitment sessions for national businesses Strengthening the community halls and venue neOrk and relationships with other events spaces and producers in Canterbury le.g., the Gulbenkian, the Canterbury Festival). Developing the Armed ForS. historic connections with the Hall by joining the Armed Forces Covenant. Small company provlslons This report has been prepared in accordance with the provisions applicable to companies enlilled to the small companies exemption. The tfLJStees' annual report was approved on trustees by.. and signed on behalf of the board of Imogen Morizet Ioct 31, 2024 14..51 GMT) Imogen Beatrice MorEel Trustee
Westgate Community Trust (Canterbury) Ltd Company Limited by Guarantee Independent Examiner's Report to the Trustees of Westgate Community Trust (Canterburyl Ltd Year ended 31 December 2023 I report lo the trustees on my examination of the financial statements of Westgate Community Trust Icanlerburyl Ltd I'lhe charity'l for the year ended 31 December 2023. Responsibilities and basis of report As the Iruslees of the company land also ils directors for the purposes of company lawl you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 20061'lhe 2006 Act'l. Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's accounts as carried out under section 145 of the Charities Act 2011 I'lhe 2011 Acl'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145151{bl of the 2011 Act. Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act,. or the financial slalements do not accord with those records., or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act 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., or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Pra¢lice for accounting and reporting by harities applicable to charities preparing their accounts in a¢¢ordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. 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. Thomas Saltmer Ioct 31, 2024 lJ.04 GMTI Thomas Saltmer Burgess Hodgson LLP Independent Examiner Camburgh House 27 New Dover Road Canterbury Kent CT1 3DN
Westgate Community Trust (Canterbury) Ltd Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 December 2023 2023 Unrestricted funds Total funds 2022 Total funds Not• Income and endowments Donations and legacies Charitable activities Investment income 7,750 229,021 20 7,750 229,021 20 16,174 255,238 10 Total income 236,791 236,791 271,422 Expenditure Expenditure on eharilable activities Total expenditure 320,110 320,110 320,110 320,110 326,928 326,928 Net expenditure and net movement in funds 183,3191 (83,3191 155,5061 Reconciliation of funds Total funds brought forward Total funds carried forward 509,885 509,885 565,391 426,566 426,566 509,885 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing aclivilies. The notes on pages 9 to 17 forni part of these financial statements.
Westgate Community Trust (Canterbury) Ltd Company Limited by Guarantee ststement of Financial Position 31 December 2023 2023 2022 Not• Fixed assets Tangible fixed assets 16 546,622 575,703 Current assets Stocks Debtors Cash at bank and in hand 17 18 2,081 31,043 2,081 9,867 838 33,124 12,786 Creditors: amounts falling due within one year Net current liabilities 19 120,934 41,767 87,810 28,981 Total assets less current liabilities 458,812 546,722 Creditors: amounts falling due after more than one year 20 32,246 36,837 Net assets 426,566 509,885 Funds ofthe charity Unreslricled funds 426,566 509,885 Total charity funds 426,566 509,885 For the year ending 31 December 2023 the charity was enlided to exemption from audit under section 477 of the Companies Act 2006 relating lo small companies. Directors. responsibilities.. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476., The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject lo the small companies, regime. The statement of financial position continues on the following page. The notes on pages 9 to 17 forni part of these financial ststements.
Westgate Community Trust (Canterbury) Ltd Company Limited by Guarantee ststement of Financial Position (contsnue<lJ 31 December 2023 These financial statements were approved by the board of trustees and authorised for issue on and are signed on behalf of the board by". Imogen Morizet Ioct 31, 2024 14..51 GMT) Imogen Beatrice Moryzel Trustee The notes on pages 9 to 17 forni part of these financial statements.
Westgate Community Trust (Canterbury) Ltd Company Limited by Guarantee Notes to the Financial Statements Year ended 31 December 2023 General information The charity is a public benefit entity and a private company limited by guarantee, r4istered in England and Wales and a registered charity in England and Wales. The address of the registered office is Weslgale Hall, Weslgale Hall Road, Canlerbury, Kent, CT12BT. Statement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (Charities SORP IFRS 10211 and the Companies Act 2006. Accounting policies Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of rtain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functs'onal currency of the entity. Going concern There are no material uncertainties about the charity's ability lo continue. Judgements and key sources of estlmatlon uneertalnty The preparation of the financial statements requires management to make judgements, eslimales and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Fund accounting Unreslricled funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future pmject or commitment. Restricted funds are subjected lo restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of IMO sutrflasses.. restricted income funds or endowment funds.
Westgate Community Trust (Canterbury) Ltd Company Limited by Guarantee Notes to the Financial Statements (c¢)nfynue<lJ Year ended 31 December 2023 Accounting policies (continu8dJ Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction wll flow lo the charity and the amount can be reliably measured. The following specific policies are applied lo particular categories of income.. income from donations or grants is recognised when there is evidence of enlillemenl to the gift, receipt is probable and ils amount can be measured reliably. legacy income is recognised when receipt is probable and enlitlemenl is established. income from donated goods is measured al the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contmets for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it lo be spènt on a particular purpose and returned if unspent, in which ease il may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising aclivilies, events, non- charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, Including those support costs and costs relating lo the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of ils expenditure on charitsble a¢livilies. All costs are allocated lo expenditLJre categories reflecting the use of the resour. Direct costs attribLJtable to a single activity are allocated directly lo that activity. Shared costs are apportioned bebNeen the activities they contribute to on a reasonable, jLJStifiable and consistent basis. Tangible assets Tangible assets are initially recorded at cost, and subsequently slated at cost less any accumulated depreeiation and impaiment losses. Any tangible assets carried al revalued amounts are recorded al the fair value al the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. 10-
Westgate Community Trust (Canterbury) Ltd Company Limited by Guarantee Notes to the Financial Statements (c¢)nfynue<lJ Year ended 31 December 2023 Accounting policies (continu8dJ Tangible assets (continued) An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless il reverses a charge for impairment that has previously been recognised as expenditure within the ststemenl of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the ststemenl of fi'nancial activities. Depreciation Depreciation is calculated so as lo write off the cost or valuation of an asset, less ils residual value, over the useful economic life of that asset as follows.. Land and buildings Equipment 50/0 reducing balance 20010 Straight line Impairment of fixed assets A review for indicators of Impairment is carried out al each reporting dale, with the recoverable amount being eslimaled where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset Is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. Stocks Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase. costs of conversion and other costs incurred in bringing the stock lo ils present location and condition. Govemment grants Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the charity will comply wth the conditions attaching lo them and the grants will be received. Where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the gmnl proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, il is recognised in income only when the pèrformance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are rec(niSed as a 11
Westgate Community Trust (Canterbury) Ltd Company Limited by Guarantee Notes to the Financial Statements (c¢)nfynue<lJ Year ended 31 December 2023 Accounting policies (continu8dJ Financial instruments Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no staled interest rate and receivable or payable within one year are recorded al transaction price. Any losses arising from impairment are recognised in the profit and loss account in other adminislralive expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction il is measured al present value. Defined contribution plans Contributions lo defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. Limited by guarantee The company is limited by guarantee. Under the terms of the Memorandum of Association all members (including those who have ceased to be a member In the previous yearl are required lo contribute a maximum of £1 each lo the assets of the company on winding up. Donatlons and legacles Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Grants Government grant income 7,750 7,750 16,174 16,174 Charitable activities Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Events income Bar and cafe income Other income 111,571 105,117 12,333 111,571 105,117 12,333 97,827 146,141 11,270 97,827 146,141 11,270 229,021 229,021 255,238 255,238 12-
Westgate Community Trust (Canterbury) Ltd Company Limited by Guarantee Notes to the Financial Statements (c¢)nfynue<lJ Year ended 31 December 2023 Investment income Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Bank interest receivable 20 20 10 10 Expenditure on charitable activities by fund type Unrestricted Totsl Funds Unrestricted Total Funds Funds 2023 Funds 2022 Charitable activities Support costs 230,840 89,270 230,840 89,270 320,110 215,293 111,635 215,293 111,635 320,110 326,928 326,928 Analysis of direct expenditure on charitable activities 2023 2022 Cost of events Wages and salaries Pension costs Uniform Advertising and marketing Consultancy fees Total 112,501 92,428 5,261 374 18,427 1,849 230,840 135,190 64,497 4,654 38 10,914 215,293 10. Analysis of support costs 2023 2022 Wages and salaries Rates, water, light and heat Repairs, maintenance and insurance Telephone, office and stationery Waste collection Depreciation Cleaning, equipment and sundry Travel Licenses Kitchen equipment and supplies Total 10.147 11.816 5.569 5.743 2.090 29.569 6.718 1591 4.281 14121 75.462 20,798 12,109 10,611 5,688 1,891 30,814 10,087 841 1,809 734 95,382 13-
Westgate Community Trust (Canterbury) Ltd Company Limited by Guarantee Notes to the Financial Statements (c¢)nfynue<lJ Year ended 31 December 2023 11. Analysis of governance costs 2023 2022 Wages and salaries Accountancy fees Independent examiner fees Bookkeeping Bank charges Total 5.038 1.492 825 2.432 4.021 8,626 591 700 2,415 3,921 13.808 16,253 12. Net expenditure Nel expenditure is staled after chargingllcreditingl.. 2023 2022 Depreciation of tangible fixed assets 29,569 30,814 13. Independent examination fees 2023 2022 Fees payable to the independent examiner for Independent examination of the financial statements Other financial services 825 825 700 700 1,650 1,400 14. Staff costs The total stsff costs and employee benefits for the reporting period are analysed as follows.. 2023 2022 Wages and salaries Employer contributions lo pension plans 107.613 5.261 93,921 4,654 112.874 98,575 The average head count of employees during the year was 312022.. 41. The average number of full-time equivalent employees during the year is analysed as follows.. 2023 No. 2022 No. Number of staff No employee received employee benefits of more than £60,000 during the year12022'. Nill. 15. Trustee remuneratlon and expenses No trustees reiVed remuneration during the current or previous year. During the year Iruslees were reimbursed expenses of £012022.. £01. 14-
Westgate Community Trust (Canterbury) Ltd Company Limited by Guarantee Notes to the Financial Statements (c¢)nfynue<lJ Year ended 31 December 2023 16. Tangible fixed assets Land and buildings Equipment Total Cost At 1 January 2023 Additions 863,164 4,521 488 867,685 At 31 December 2023 863,164 5,009 868,173 Depreciation At 1 January 2023 Charge for the year At 31 December 2023 290,483 28,634 1,499 935 291,982 29,569 319,117 2,434 321,551 Carrying amount At 31 December 2023 544,047 572,681 2,575 3,022 546,622 575,703 At 31 December 2022 17. Stocks 2023 2022 Raw materials and consumables 2.081 2,081 18. Debtors 2023 2022 Trade debtors 31,043 9,867 19. Creditors.. amounts falling due within one year 2023 2022 Bank loans and overdrafts Trade creditors Accruals and deferred income Social security and other taxes Obligations under finance leases and hire purchase contracts Other creditors 7.646 60.821 1.650 30.695 122 20.000 17,655 1,400 21,980 732 120.934 41,767 20. Crgditors.. amounts falling due after moro than one year 2023 2022 Bank loans and overdrafts 32.246 36,837 15-
Westgate Community Trust (Canterbury) Ltd Company Limited by Guarantee Notes to the Financial Statements (c¢)nfynue<lJ Year ended 31 December 2023 21. Finance leases and hire purchase contracts The total future minimum lease payments under finance leases and hire purchase contracts are as follows". 2023 2022 Not later than 1 year 122 732 22. Pensions and other post retirement benefits Deflned contrlbutlon plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £5,261 12022.. £4,6541. 23. Govemment grants The amounts cOgniSed in the financial statements for government grants are as follows". 2023 2022 Recognised in income from donations and legacies". Government grants income 7.750 16,174 24. Analysis of charitable funds Unrestrlcted funds Al 1 January 202 At 31 December 2023 Income Expenditure General funds 509,885 236,791 1320,1101 426,566 Al 1 January 202 Al 310ecember 2022 Income Expenditure Geneml funds 565,391 271,422 1326,9281 509,885 16-
Westgate Community Trust (Canterbury) Ltd Company Limited by Guarantee Notes to the Financial Statements (c¢)nfynue<lJ Year ended 31 December 2023 25. Analysis of net assets between funds Unrestricted Total Funds Funds 2023 Tangible fixed assets Current assets Creditors less than 1 year Creditors greater than 1 year Net assets 546,388 34,441 181,8091 152,2461 446,774 546,388 34,441 (81,8091 (52,2461 446,774 Unrestricted Total Funds Funds 2022 Tangible fixed assets Current assets Creditors less than 1 year Creditors greater than 1 year Net assets 575,703 12,786 141,7671 136,8371 509,885 575,703 12,786 {41,7671 136,8371 509,885 17-