Charity registration number: 1147910
The West Green Charitable Trust
Annual Report and Financial Statements
for the Year Ended 30 June 2024
The West Green Charitable Trust
Contents (continued)
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 3 |
| Statement of Trustees' Responsibilities | 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 to 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9 to 15 |
The West Green Charitable Trust
Reference and Administrative Details
Trustees Reverend S A Dinnie Mrs A Benton Mrs J H Hancock Dr P Hancock Mr R Benton Charity Registration Number 1147910 Principal Office Flint Barn Rookwood Lane Medstead GU34 5QE Independent Examiner Stewart & Co Independent examiner Chartered Accountants Knoll House Knoll Road Camberley GU15 3SY
Page 1
The West Green Charitable Trust
Trustees' Report
The trustees present the annual report together with the financial statements of the charity for the year ended 30 June 2024.
Structure, governance and management
Nature of governing document
The West Green Charitable Trust is an unincorportated charity, governed by a Trust Deed dated 6th June 2012, with charity number 1147910. It is registered as a charity with the Charity Commission of England and Wales.
Recruitment and appointment of trustees
The Trust is governed by its Trustees, with the minimum number of Trustees being three, as set out by the Trust Deed. The Trustees who served during the year are set out on page one. Further Trustees must be appointed by resolution of the exisiting Trustees.
Objectives and activities
Objects and aims
The Trust’s objectives are to raise funds through donations and charitable events and to distribute these funds to individuals and charities/non-profits in South Africa who are tackling the social challenges of poverty, unemployment, poor health and education.
Public benefit
The trustees confirm that they have complied with the requirements of Section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Achievements and performance
In this financial year we have raised funds through one-off and recurring monthly donations from UK individuals, wealth trusts and SME's. These monies raised, along with donations from other supporters around the world, school fees paid by the students and their families, and grants from the South African government enable Kwasa College to operate as a low fee independent school and to provide an essential education to the young people of Daggafontein and surrounds.
The West Green Charitable Trust continues to be a significant financial supporter of Kwasa College, this year providing approximately 16% of the overall school running costs (2023 15%).
Kwasa started the 2025 school year (January 2025) with 140 Pre-school, and 308 Primary aged pupils, a total of 448 (2023 433) students on roll. Intake at Grades 1-4 in Primary is now two-form entry. 61 students moved from Pre-school Grade R to Primary Grade 1.
Funds provided by West Green to Kwasa in the year have paid for:
-
Assistance for fees for families in financial need
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Part-funding the salary of the Head of Primary postholder
-
University and college fees for student teachers
-
A literacy/English language support project for those students in need of individual support
-
Contribution to the running costs of the 3 minibuses
-
Solar panels
-
Levelling of the proposed cricket/soccer pitches
-
General running costs support.
Trustees of West Green continue to monitor the effectiveness of donated funds transferred through regular visits to the school. Trustee visits took place in April 2024 and February 2025.
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The West Green Charitable Trust
Trustees' Report (continued)
Financial review
Donation income in the year was £80,135, dividend income was £4,351, grants and disbursements totalled £65,840, the revaluation in fixed asset investment was a gain of £11,838 and the closing cash balance at the end of the year was £54,132.
Trustees are unremunerated. The Trust employs no staff or consultants, nor does it pay expenses to Trustees. The only costs borne by the Trust relate to bank charges, accounting fees and portfolio management costs which in total account for 3.83% of funds raised. Other than this, all funds raised directly benefit Kwasa students.
Policy on reserves
The charity only transfers funds to recipients that it has already raised or had committed. For this reason the trustees do not consider it necessary to maintain a level of reserves, and do not have a policy for holding reserves, or one which states the amounts of and reasons for reserve levels.
Plans for future periods
Aims and key objectives for future periods
The Trustees will continue to raise funds through donations to enable Kwasa to continue to grow and develop, and to achieve long term financial sustainability.
The focus will continue, as now to be:
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Fees assistance to enable those student unable to afford the low fees to continue with their education.
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Improving the buildings and facilities as the school grows.
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Supporting the recruitment of qualified teaching staff.
The annual report was approved by the trustees of the charity on 27 March 2025 and signed on its behalf by:
......................................... Mr R Benton Trustee
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The West Green Charitable Trust
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that 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 Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Approved by the trustees of the charity on 27 March 2025 and signed on its behalf by:
......................................... Mr R Benton Trustee
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The West Green Charitable Trust
Independent Examiner's Report to the trustees of The West Green Charitable Trust
I report to the trustees on my examination of the accounts of The West Green Charitable Trust for the year ended 30 June 2024.
Responsibilities and basis of report
As the charity trustees of The West Green Charitable Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the The West Green Charitable Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of The West Green Charitable Trust as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements concerning the form 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 fair 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.
...................................... Gary Robinson FCA Independent examiner
Chartered Accountants Knoll House Knoll Road Camberley GU15 3SY
27 March 2025
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The West Green Charitable Trust
Statement of Financial Activities for the Year Ended 30 June 2024
| Note Income and Endowments from: Donations and legacies Investment income 3 Total income Expenditure on: Raising funds Charitable activities Total expenditure Gains/losses on investment assets Net income Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 14 |
Unrestricted funds £ 80,135 4,638 84,773 (1,382) (64,458) (65,840) 11,838 30,771 30,771 183,390 214,161 |
Total 2024 £ 80,135 4,638 |
|---|---|---|
| 84,773 | ||
| (1,382) (64,458) |
||
| (65,840) 11,838 |
||
| 30,771 | ||
| 30,771 183,390 |
||
| 214,161 |
The notes on pages 9 to 15 form an integral part of these financial statements. Page 6
The West Green Charitable Trust
Statement of Financial Activities for the Year Ended 30 June 2024 (continued)
| Note Income and Endowments from: Donations and legacies Investment income 3 Total income Expenditure on: Raising funds Charitable activities Total expenditure Gains/losses on investment assets Net income Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 14 |
Unrestricted funds £ 75,251 3,589 78,840 (1,907) (60,526) (62,433) 3,678 20,085 20,085 163,305 183,390 |
Total 2023 £ 75,251 3,589 |
|---|---|---|
| 78,840 | ||
| (1,907) (60,526) |
||
| (62,433) 3,678 |
||
| 20,085 | ||
| 20,085 163,305 |
||
| 183,390 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2023 is shown in note 14.
The notes on pages 9 to 15 form an integral part of these financial statements. Page 7
The West Green Charitable Trust
(Registration number: 1147910) Balance Sheet as at 30 June 2024
| Note Fixed assets Investments 10 Current assets Debtors 11 Cash at bank and in hand 12 Creditors: Amounts falling due within one year 13 Net current assets Net assets Funds of the charity: Unrestricted income funds Unrestricted funds Total funds 14 |
2024 £ 156,035 - 60,810 60,810 (2,684) 58,126 214,161 214,161 214,161 |
2023 £ 137,499 9,476 37,726 |
|---|---|---|
| 47,202 (1,311) |
||
| 45,891 | ||
| 183,390 | ||
| 183,390 | ||
| 183,390 |
The financial statements on pages 6 to 15 were approved by the trustees, and authorised for issue on 27 March 2025 and signed on their behalf by:
......................................... Mr R Benton Trustee
The notes on pages 9 to 15 form an integral part of these financial statements. Page 8
The West Green Charitable Trust
Notes to the Financial Statements for the Year Ended 30 June 2024
1 Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
The West Green Charitable Trust meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Judgements and key sources of estimation 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. It is the opinion of the trustees that due to the nature of the entity there are no assumptions or judgements that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilites within the next financial year.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the chartity'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.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Donations and legacies
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
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The West Green Charitable Trust
Notes to the Financial Statements for the Year Ended 30 June 2024 (continued)
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Raising funds
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Governance costs
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Fixed asset investments
Fixed asset investments, other than programme related investments, are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal.
Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
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The West Green Charitable Trust
Notes to the Financial Statements for the Year Ended 30 June 2024 (continued)
Financial instruments
Classification
Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.
Recognition and measurement
The charity only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
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The West Green Charitable Trust
Notes to the Financial Statements for the Year Ended 30 June 2024 (continued)
2 Income from donations and legacies
| Donations and legacies; Donations 3 Investment income Income from dividends; Dividends receivable from other listed investments Interest receivable and similar income; Interest receivable on bank deposits Total for 2024 Total for 2023 |
Unrestricted General £ 80,135 80,135 |
Total 2024 £ 80,135 80,135 Unrestricted funds General £ 4,351 287 4,638 3,589 |
Total 2023 £ 75,251 |
|---|---|---|---|
| 75,251 | |||
| Total funds £ 4,351 287 |
|||
| 4,638 | |||
| 3,589 |
4 Expenditure on charitable activities
| Note Donations to Kwasa College Governance costs Donations to Kwasa College Governance costs Total for 2024 Total for 2023 |
Unrestricted funds General £ 62,604 1,854 64,458 Note |
Total 2024 £ 62,604 1,854 64,458 Unrestricted funds General £ 62,604 1,854 64,458 60,526 |
Total 2023 £ 58,811 1,715 |
|---|---|---|---|
| 60,526 | |||
| Total funds £ 62,604 1,854 |
|||
| 64,458 | |||
| 60,526 |
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The West Green Charitable Trust
Notes to the Financial Statements for the Year Ended 30 June 2024 (continued)
| Donations to Kwasa College | Activity undertaken directly £ 62,604 |
Activity support costs £ 1,854 |
2024 £ 64,458 |
2023 £ 60,526 |
|---|---|---|---|---|
5 Analysis of governance and support costs
Governance costs
| Independent examiner fees Examination of the financial statements Other governance costs |
Unrestricted funds General £ 1,373 481 1,854 |
Total 2024 £ 1,373 481 1,854 |
Total 2023 £ 1,311 404 |
|---|---|---|---|
| 1,715 |
6 Trustees remuneration and expenses
No remuneration or reimbursed expenses were paid to the trustees in the current or preceding year.
7 Staff costs
The charity employed no staff during the year (2023: nil).
8 Independent examiner's remuneration
| 8 Independent examiner's remuneration |
||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Examination of the financial statements | 1,373 | 1,311 |
9 Taxation
The charity is a registered charity and is therefore exempt from taxation.
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The West Green Charitable Trust
Notes to the Financial Statements for the Year Ended 30 June 2024 (continued)
10 Fixed asset investments
| 10 Fixed asset investments | ||||
|---|---|---|---|---|
| Other investments Other investments Cost or Valuation At 1 July 2023 Revaluation Additions Disposals At 30 June 2024 Net book value At 30 June 2024 At 30 June 2023 11 Debtors Other debtors 12 Cash and cash equivalents Cash on hand Cash at bank 13 Creditors: amounts falling due within one year Other creditors Accruals |
2024 £ 156,035 Listed investments £ 137,499 11,937 65,503 (58,904) 156,035 156,035 137,499 2024 £ - 2024 £ 6,678 54,132 60,810 2024 £ 1,311 1,373 2,684 |
2023 £ 137,499 |
||
| Total £ 137,499 11,937 65,503 (58,904) 156,035 156,035 137,499 2023 £ 9,476 |
||||
| 156,035 | ||||
| 156,035 | ||||
| 137,499 | ||||
| 2024 £ - 2024 £ 6,678 54,132 60,810 2024 £ 1,311 1,373 2,684 |
||||
| 2023 £ 10,472 27,254 |
||||
| 37,726 | ||||
| 2023 £ - 1,311 |
||||
| 1,311 |
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The West Green Charitable Trust
Notes to the Financial Statements for the Year Ended 30 June 2024 (continued)
| 14 Funds Balance at 1 July 2023 £ Unrestricted General 183,390 Balance at 1 July 2022 £ Unrestricted General 163,305 15 Analysis of net assets between funds Fixed asset investments Current assets Current liabilities Total net assets Fixed asset investments Current assets Current liabilities Total net assets |
Incoming resources £ 84,773 Incoming resources £ 78,840 |
Resources expended £ Other recognised gains/(losses) £ Balance at 30 June 2024 £ (65,840) 11,838 214,161 Resources expended £ Other recognised gains/(losses) £ Balance at 30 June 2023 £ (62,433) 3,678 183,390 Unrestricted General £ 2024 Total funds £ 156,035 156,035 60,810 60,810 (2,684) (2,684) 214,161 214,161 Unrestricted General £ 2023 Total funds £ 137,499 137,499 47,202 47,202 (1,311) (1,311) 183,390 183,390 |
Resources expended £ Other recognised gains/(losses) £ Balance at 30 June 2024 £ (65,840) 11,838 214,161 Resources expended £ Other recognised gains/(losses) £ Balance at 30 June 2023 £ (62,433) 3,678 183,390 Unrestricted General £ 2024 Total funds £ 156,035 156,035 60,810 60,810 (2,684) (2,684) 214,161 214,161 Unrestricted General £ 2023 Total funds £ 137,499 137,499 47,202 47,202 (1,311) (1,311) 183,390 183,390 |
Balance at 30 June 2024 £ 214,161 |
|---|---|---|---|---|
| Balance at 30 June 2023 £ 183,390 |
||||
| 214,161 | ||||
| 2023 Total funds £ 137,499 47,202 (1,311) |
||||
| 183,390 |
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