COMPANY REGISTRATION NUMBER: 07867225 CHARITY REGISTRATION NUMBER: 1146677 Westgate Community Trust (Canterbury) Ltd Company Limited by Guarantee Unaudited Financial Statements 31 December 2024 BURGESS HODGSON LIMITED Chartered accountants Camburgh House 27 New Dover Road Canterbury Kent CT1 3DN
Westgate Community Trust (Canterbury) Ltd Company Limited by Guarantee Financial Statements Year ended 31 December 2024 Page Trustees, annual report (incorporating the director's 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 11
Westgate Community Trust (Canterbury) Ltd Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) Year ended 31 December 2024 The trustees, who are also the directors for the purposes of company law, present their report and the unaudited linancial statements of the charity for the year ended 31 December 2024. Reference and administrative details Regislered charily name Westgate Community Trust (Canterbury) Ltd Charity registration number 1146677 Company registration number 07867225 Principal office and registered Westgate Hall office Westgate Hall Road Canterbury Kent CT12BT The trustees Jane Alison Brooke Lydia Ann Jackson Imogen Beatrice Morizet Katherine Rebecca Simmonds Sammy JayTre Gildroy Sarah Jane Wren Independent examiner Thomas Saltmer Burgess Hodgson Limited Camburgh House 27 New Dover Road Canterbury Kent CT13DN
Westgate Community Trust (Canterbury) Ltd Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (continued) Year ended 31 December 2024 Structure, governance and management Westgate Hall continues to operate with three permanent staff (CEO Full-Time, Events Manager Part- Time, Events Support Assistant Full-Time as well as agency and freelance staff. consultancies covering finance, marketing, communications. security and cleaning. We conlinue to operate wilh a "Cloud based" helpdesk enquiry system (Jiral which supports the customer journey from initial enquiry through to conversion to l)ooking. Our Trustees represent local independent businesses. marketing, public relations, human resources. the non-profit sector, economics, fundraising. international corporate sector, and hospitality. They have continued to volunteer their professional skills and time in supporting our Hall's CEO, Clare Millett. In accordance with Article 41 of the Trust's Articles of Association. communication belween the CEO and Trustees can take place electronically. This flexibility facilitates regular communication between the Board and the CEO. It has been particularly valuable in ensuring Board meetings and conversations have taken place either electronically or in person while working through the critical rebuilding of Westgate Hall's use following Covid. Clare Millett (CEO) continues to handle all financial and operational matters as well as expanding and strengthening Westgate Hall's business relationships and networks, including Canterbury City Council, Canterbury BID (Business Improvement District), charities and Canterbury residents. Clare remains on the Board of Canterbury's Business Improvement District (BID) in her voluntary role. An indirect benefit for the Trust of Clare's role in the BID is building the Trust'slwestgate Hall's profile as a a venue and the Trust's as a social enterprise. Cathy Blower. Events Manager, oversees food and beverage requirements, cleaning standards, food and hygiene standards and client relationships including with University of Kent, NHS Trusts, and wide range of regular and new customers. During the summer The Trust appointed an Events Support Assistant to provide Admin-istration and day-to-day event and marketing support to The CEO and Events Manager. This appointment overlapped with our Evenls and Building Supervisor leaving The Trust to work at the New Ivy Collection Restaurant in Canterbury. Objectives and activities Throughout 2024, the Trust continued to increase its profile engaging with a diverse range of charities, businesses and communities from Canterbury's Districts and Kent, more broadly. Thanks to these efforts we have had an overall footfall through Westgate Hall of approximately 34.00012023.. 28,000 footfall) an increase of around 20°/0 across the year. Much of this is due to more regular markets, footfall increase for Worth the Weight vinlage sales. graduations, election counts and an increased number of of blood donations.
Westgate Community Trust (Canterbury) Ltd Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (continued) Year ended 31 December 2024 Achievements and performance Events have been a mixture of community. business. education, civic and music for example, Worthgate School Assembly, University of the Creative Arts (UCA) Academics, dinner, BNI Canterbury Networking business Showcase, Canterbury Academy and University of Kent students, Disco for Grown Ups and recruitment and training for the New Ivy Collection restaurant. Among the celebrations, training, workshops. fundraising efforts and more. here are some of those organisations and partners= The Forward Trust workshop and team building day, SKC (Stronger Kent Communities, SEK {Social Enterprise Kent), Canterbury Labour Party. University of Kent's Islamic Society, Drag Bingo event, Canterbury City Council election count. Lily's Social Kitchen Prize-Giving Celebralion, Canterbury City Council Staff Conference, Oktoberfest, Circus Starr Accessible Circus for Disabled children and their families, Canterbury Festival, Canterbury City Council voluntary sector workshops, Brocante and Antiques Fair. Dolls House and Miniatures Fair, Westgate Hall Market, established by the Trust in 2017. has continued to thrive under the independent Management of two of our long-term makers from our Market Community, known as 'C&C Markets,. C&C Markels has taken on the responsibility for booking, marketing and managing the event. The benefits for The Trust are a guaranteed hire fee. broader more curated selection ol makers and stall holders, an increasing footfall which is expanding our audience. local community reach and our café income. During 2024, the Trust continued to ensure all activities connected back to the Trust's core objectives. We have continued to build on our community engagement and achievements through: The Canterbury Wine FestivalTM ICWFI: the Trust delivered its 5th Festival in May 2024 with over 500 people attending12023: 4001. Plans for CWF 2025 include increasing footfall and the number of Kent wine makers and producers. Participation in a working group with representatives from the community and Canterbury City Council aimed at registering The Sidney Cooper Gallery. adjacent to Westgate Hall. as a Community Asset. The Trust's 7th International Women's Day Event. March 2024 with over 90 attendees. Our quarterly e-news mailing list which currently has 640 subscribers.
Westgate Community Trust (Canterbury) Ltd Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (continued) Year ended 31 December 2024 Financial review The Trust began 2024 in deficit. a situation which continues to be representative of Canterbury's hospitality sector. Monthly repayments for the Covid "bounce-back" loan will continue until a final repayment on 7 May 2030. The Trustees have assessed that the charity is a going concern and confirm the basis for this assessment is due to the on-going regular income and strong committed pipeline of income generated by regular bookings and large-scale events. civic and community as well as business bookings from a wide range of clients. The Trust opened an additional savings account at Lloyds bank to ensure reseNes are being built up for financial resilience. The Trust has a formal Reserves Policy and aims to build a level of reserves equivalent to three months of core operating costs. The main sources of income are from Westgate Hall's hire fees, income from bar and food sales with grants only for ring-fenced projects, such as upgrading the Hall's infrastructure and public facilities (for example, the Trust secured funding and loans to upgrade the Hall's WC. and accessible WC facilities. fire doors and storage areas). While 2024 began slowly in terms of general bookings, regulars. including Canterbury Academy, Bemix, Salsa Asi, NHS Blood donations and Brachers Breakfast Networking continued to provide consistent income. In addition. The Trust's Annual International Women's Day networking breakfast celebrated its 7th year with a theme of Joy. Event bookings started to increase in March with a fundraising event for a Canterbury business. a live music gig, Kent Law Society's festival fundraising event, Westgate Hall Market, wrestling. the University of Kent's LGBQT+ Prom, and a Vaisakhi Festival celebrating the founding of the Sikh Community. Customer confidence started to improve from spring. however customers. reduced budgets meant that a number of bookings did not convert, for example, wedding receptions were reduced in size or cancelled. As stated in our previous reports, in line with its mission, The Trust's works to ensure Westgate Hall remains financially resilient and relevant for the local community and wider Kent area. To achieve this the Trust has remained focussed on strategic. govemance. operational and staff ing obligations and requirements. Dedicated support from the Board's Trustee volunteers united with staff expertise and reliability are key to ensuring the Westgate Hall's viability- Marketing and Promotion of Westgate Hall is the core vehicle for ensuring financial sustainability for the Trust. We aim to deliver: Quarterly refreshing of Westgate Hall's website {with market analysis, marketing, communication reviews etc) aimed at maintaining and reaching new markets, customers, collaborators and driving sales. Annual review of Trust policies, the Hall's fees for hire and booking contracts. Annual review of staff contracts, job descriptions and remuneration (full-timelpart-timelflexible) to include a policy and process for setting the remuneration for all employed staff.
Westgate Community Trust (Canterbury) Ltd Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (continued) Year ended 31 December 2024 Plans for future periods As for the Trust works to ensure energy in its strategic development and governance by.. Regular 6 weekly Board Meetings with our Board of Trustees with additional quarterly strategic governance sessions and strategic Board training Recruiting new Board Members Reviewing the major risks to which the charity is exposed and establishing systems to mitigate those risks (for example= a Health and Safety review of Trust Policies- impacts of operational reliance on a small key staff team, long-term loans- staffing reviews- market trends- how to grow the business across the next 5 years) Identifying financial or conlractual relationships with related parties {for example: Canterbury Wine FestivalTM (CWFI and C&C Markets) to ensure the nature of relation-ships are clearly described and contracts in place where required Reviewing the TrustJHall's brand. audiences and communications strategy Developing and promoting the Trust's programmes (for example: the Canterbury Wine Festival, International Women's Day, Westgate Hall Market) to include unique hire packages Telling the stories of the Trust's 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 Developing the Armed Forces. historic connections with the Hall by joining the Armed Forces Covenant. Small company provisions This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemplion. The trustees. annual report was approved on trustees by: and signed on behalf of the board of ImogÈn Morizet (Oct 31. 2025 15=44=40 GMT) Imogen Beatrice Morizet Trustee
Westgate Community Trust (Canterbury) Ltd Company Limited by Guarantee Independent Examiner's Report to the Trustees of Westgate Community Trust (Canterbury) Ltd Year ended 31 December 2024 I report to the trustees on my examination of the financial statements of Wesigate Community Trust (Canterbury) Ltd ('the charity'l for the year ended 31 December 2024. Responsibililies and basis of report As the trustees of the company (and also its directors for the purposes of company lawl you are responsible for the preparalion of the financial slatements in accordance with the requirements of the Companies Act 2006 {'the 2006 Act,). 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 {'the 2011 Act')- In carrying out my examination I have followed the Directions given by the Charity Commission under section 145151{b) of the 2011 Act. Independent examiner's statement Since the charity's gross income exceeded £250.000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales IICAEW). which is one of the listed bodies. I have completed my examination. I confirm that no matlers have come lo my allention in connection with the examination giving me cause lo believe- accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act. or the financial statements 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 fair, 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 Stalemenl of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102).
Westgate Community Trust (Canterbury) Ltd Company Limited by Guarantee Independent Examiner's Report to the Trustees of Westgate Community Trust (Canterbury) Ltd (continued) Year ended 31 December 2024 I have no concerns and have come across no other matters in connection wtth the examinalion lo which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Thomas Saltmer Burgess Hodgson Limited Independent Examiner Camburgh House 27 New Dover Road Canterbury Kent CT13DN
Westgate Community Trust (Canterbury) Ltd Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 December 2024 2024 Unreslricted funds Total funds Total funds 2023 Note Income and endowmenls Donalions and legacies Charilable activities Investment income 22,750 264,095 15,412 22,750 264,095 15,412 7,750 229,021 20 Total income 302.257 302.257 236.791 Expendilure Expenditure on charitable activities Tolal expenditure 304.183 304.183 320.110 304.183 304,183 320,110 Net expenditure and net movement in lunds (1.926} (1,926) (83,319} Reconciliation of funds Total funds brought forward Tolal funds carried forward 426.566 426.566 509.885 424.640 424,640 426,566 The stalemenl of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from conlinuing activities. The noles on pages 11 10 19 forni part of Ihese financial statements.
Westgate Community Trust (Canterbury) Ltd Company Limited by Guarantee Statement of Financial Position 31 December 2024 2024 2023 Note Fixed assets Tangible fixed assets 16 522.801 546.622 Current assets Stocks Debtors Cash at bank and in hand 17 18 5,398 11,956 15,878 33,232 2,081 31,043 33,124 Creditors: amounis falling due within one year Nel current liabililies 19 100,561 120.934 67,329 455,472 87,810 Total assets less current liabililies 458,812 Creditors: amounis falling due after more than one year Nel assets 30.832 32,246 424,640 426,566 Funds of the charity Unreslricted funds 424,640 424.640 426,566 Total charity funds 24 426.566 For the year ending 31 December 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to 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 restK)nsibilities 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 lo companies subject to the small companies. regime. The statement of financial position continues on the following page. The noles on pages 11 10 19 forni part of Ihese financial statements.
Westgate Community Trust (Canterbury) Ltd Company Limited by Guarantee Statement of Financial Position (continued) 31 December 2024 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 Mori2et (Oct 31, 2025 15-44-40 GMT) Imogen Beatrice Morizet Trustee The noles on pages 11 10 19 forni part of Ihese financial statements. 10-
Westgate Community Trust (Canterbury) Ltd Company Limited by Guarantee Notes to the Financial Statements Year ended 31 December 2024 General information The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Westgate Hall, Westgate 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 to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Charities SORP {FRS 102}l 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 certain 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 functional currency of the entity. Going concern There are no material uncertainties about the chariws ability to continue. Judgements and key sources of estimalion uncertainty The preparation of the financial statements requires management to make judgements, estimates 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 Unrestricted funds are available for use al 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 project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds. 11
Westgate Community Trust (Canterbury) Ltd Company Limited by Guarantee Notes to the Financial Ststements (continued) Year ended 31 December 2024 Accounling policies (conllnued) 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 will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: income from donations or grants is recognised when there is evidence of entitlemenl to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at 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 seNices 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 contracts for the supply of seNices is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it 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 activities, events, non- charitable trading activities, and Ihe 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 cosls and costs relating to 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 its expenditure on charitable activities. All costs are allocated lo expenditure categories reflecling the use of the resource. Direct cosls altributable lo a single activity are allocated directly to that activity. Shared cosls are apporlioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible assets Tangible assets are initially recorded at cost, and subsequently slated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulaled impairmenl losses. 12-
Westgate Community Trust (Canterbury) Ltd Company Limited by Guarantee Notes to the Financial Ststements (continued) Year ended 31 December 2024 Accounling policies (conllnued) Tangible assets (contiTnued) An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement 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 statement of financial activities. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows= Land and buildings Equipment 50/0 reducing balance 20 /0 Straight line Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amounl, 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 to its present location and condition. Government 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 with the conditions attaching to 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 grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability. 13-
Westgate Community Trust (Canterbury) Ltd Company Limited by Guarantee Notes to the Financial Ststements (continued) Year ended 31 December 2024 Accounling policies (conllnued) Financial instruments Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured al amortised cosl using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value. Defined conlribulion plans Contributions to 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 to contribute a maximum of £1 each to the assets of the company on winding up. Donations and legacies Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Grants Government grant income 22.750 22,750 7,750 7,750 Charitable aciivities Unrestricted Total Funds Unreslricted Total Funds Funds 2024 Funds 2023 Events income Bar and cafe income Other income 119,756 130,106 14,233 119,756 130,106 14,233 264,095 111,571 105,117 12,333 111,571 105,117 12,333 264.095 229,021 229,021 14-
Westgate Community Trust (Canterbury) Ltd Company Limited by Guarantee Notes to the Financial Ststements (continued) Year ended 31 December 2024 Investment income Unrestricted Tolal Funds Unrestricted Total Funds Funds 2024 Funds 2023 Bank interest receivable 15.412 15,412 20 20 Expenditure on charitable activities by fund type Unrestricted Toial Funds Unrestricted Total Funds Funds 2024 Funds 2023 Charitable activities Support costs 208.612 95.571 208,612 95,571 230,840 89,270 230,840 89.270 304,183 304,183 320,110 320,110 Analysis of direct expenditure on charitable activities 2024 2023 Cost of events Wages and salaries Pension costs Uniform Advertising and marketing Consultancy fees Total 113,177 80,858 5,335 112,501 92.428 5,261 374 18.427 1,849 12,235 324 211,929 230,840 10. Analysis of support costs 2024 2023 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 14,928 11.366 4,054 6,255 1,875 28,627 4,552 305 2,009 631 10.147 11.816 5,569 5,743 2,090 29.569 6,718 (591 4,281 {412) 75,462 74,602 15-
Westgate Community Trust (Canterbury) Ltd Company Limited by Guarantee Notes to the Financial Ststements (continued) Year ended 31 December 2024 11. Analysis of governance costs 2024 2023 Wages and salaries Accounlancy fees Independent examiner fees Bookkeeping Bank charges Total 7,074 3,034 925 5,038 1,492 825 2,432 4,021 6,455 17,488 13,808 12. Net expenditure Net expenditure is stated after charging/(crediting): 2024 2023 Depreciation of tangible fixed assets 28,627 29,569 13. Independent examination fees 2024 2023 Fees payable to the independent examiner for: Independent examination of the financial statements Other financial seNices 900 900 825 825 1,800 1,650 14. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows: 2024 2023 Wages and salaries Employer contributions to pension plans 102,860 5,335 108,195 107,613 5,261 112,874 The average head count of employees during the year was 3 {2023: 3). The average number of full-time equivalent employees during the year is analysed as follows.. 2024 No. 2023 No. Number of staff No employee received employee benefits of more than £60.000 during the year {2023= Nill. 15. Truslee remuneration and expenses No trustees received remuneration during the current or previous year. During the year trustees were reimbursed expenses of £0 (2023: £0). 16-
Westgate Community Trust (Canterbury) Ltd Company Limited by Guarantee Notes to the Financial Ststements (continued) Year ended 31 December 2024 16. Tangible fixed assets Land and buildings Equipment Total Cosl At 1 January 2024 Additions 863.164 5,009 4,806 868,173 4,806 872,979 At 31 December 2024 863,164 9,815 Depreciation At 1 January 2024 Charge for the year Al 31 December 2024 319.117 27.203 2,434 1,424 321,551 28,627 346.320 3,858 350,178 Carrying amounl Al 31 December 2024 516.844 5,957 522,801 546,622 At 31 December 2023 544,047 2,575 17. Stocks 2024 2023 Raw materials and consumables 5,398 2,081 18. Deblors 2024 2023 Trade debtors 11,956 31.043 19. Creditors: amounls falling due within one year 2024 2023 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 10,512 1,800 47,349 40,900 100,561 120,934 20. Creditors: amounls falling due after more Ihan one year 2024 2023 Bank loans and overdrafts 30,832 32,246 17-
Westgate Community Trust (Canterbury) Ltd Company Limited by Guarantee Notes to the Financial Ststements (continued) Year ended 31 December 2024 21. Finance leases and hire purchase contracts The total future minimum lease payments under finance leases and hire purchase contracts are as follows.. 2024 2023 Not later than 1 year 122 22. Pensions and other post reliremenl benefits Defined conlribulion plans The amount recognised in income or expendilure as an expense in relation to defined contribution plans was £5,33512023- £5,261). 23. Government grants The amounts recognised in the financial statements for government grants are as follows- 2024 2023 Recognised in income from donations and legacies- Government grants income 22,750 7,750 24. Analysis of charitable funds Unrestricled funds At 1 January 202 Al 31 December 2024 Income Expenditure General funds 426.566 302.257 1304,183) 424,640 At 1 January 202 At 31 December 2023 Income Expenditure General funds 509,885 236,791 1320,110) 426,566 18-
Westgate Community Trust (Canterbury) Ltd Company Limited by Guarantee Notes to the Financial Ststements (continued) Year ended 31 December 2024 25. Analysis of net assets between funds Unrestricted Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Creditors greater than 1 year Net assels 522,801 522,801 33,232 33,232 {100,561) {100,561) (30,832) (30,832) 424,640 424,640 Unrestricted Total Funds Funds 2023 Tangible fixed assets Current assets Creditors less than 1 year Creditors greater than 1 year Net asseis 546,622 33,124 (120,934) (32,246) 426,566 546,622 33,124 (120,934) 132,246) 426.566 19-