2022-03-31-accounts - Mrs S K West's Charitable Trust

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Registered charity number 1160954

Mrs S K West's Charitable Trust

Accounts

31 March 2022

Mrs S K West's Charitable Trust Registered number: 1160954 Trustees' Report

The trustees present their report and accounts for the year ended 31 March 2022.

Objectives and Activities

The original trust was founded by Mrs S K West on 21st September 1982 to facilitate her wish to make gifts to a range of charities which she considered worthy of support. This is done through grants made to charities. The trustees are in regular communication to consider requests for grants, and meet in person when considered necessary.

The current grant making policy is to support charities providing overseas aid and famine relief, Christian religious activities, and social support for disadvantaged people in accordance with the wishes of the Settlor. The trustees confirm that they have had regard to the guidance issued by the Charity Commission on public benefit

Structure, Governance and Management

Mrs S K West's Charitable Trust is an incorporated charitable organisation. The registered charity number is 1160954 and the trust is administered from 20 Beech Road, Garstang, Lancashire

Trustees are recruited by invitation to meet the skills requirements of the charity. The following trustees served during the year

Peter Schoon Judith Grandage Richard Blakeborough Rachel Grandage John Schoon

Financial Review

Rental and investment income for the year ended 31st March 2022 was £37,549 (2021: £24,679). Compensation following compulsory purchase of land owned by the charity was £36,342. After expenses there was a surplus of £9,383 (2021: surplus £17,939). Donations to registered charities were £55,000 during the year (2021: £0)

Reserves at 31st March 2022 were £1,298,034 (2021: £1,288,651). This includes the value of property held for investment purposes of £1,170,000. The trustees' policy is to hold sufficient cash reserves so that in the event of no income being received, the trust will be able to pay running costs for up to 6 months and make donations to a number of charities who receive grants in most years. Currently the cash reserves are high and the trustees will be considering future investment plans.

Professional Advisors

The following firms acted on behalf of the trust during the year

Bankers Cumberland Building Society, Penny Street, Lancaster Surveyors Fair & Rea, Mian Cote, Stony Lane, Forton Independent Examiner Davies & Crane Ltd, 80 Lytham Road, Fulwood, Preston

This report was approved by the board on 31 January 2023 and signed on its behalf.

P J Schoon On behalf of the trustees

Mrs S K West's Charitable Trust

Independent Examiner's Report to the Trustees on the accounts for the year ended 31st March 2021 as set out on pages 3 - 8

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (“the Charities Act”) and that an independent examination is needed

It is my responsibility to:

examine the accounts under section 145 of the Charities Act,
to follow the procedures laid down in the general Directions given by the Charity
Commission (under section 145(5)(b) of the Charities Act, and
to state whether particular matters have come to my attention.

Basis of independent examiner’s statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention

which gives me reasonable cause to believe that in, any material respect, the requirements:
to keep accounting records in accordance with section 130 of the Charities Act; and

· to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act

have not been met; or

to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed Date 31 March 2023

Name Jackie Stopyra Qualification ACA (ICAEW) Address Davies & Crane Ltd, 80 Lytham Road, Fulwood, Preston, PR2 3AQ

Mrs S K West's Charitable Trust Statement of Financial Activities for the year ended 31 March 2022

Investment Income Donations to registered charities Direct costs Management and administration costs Other operating income Surplus	2022 £ 37,549 (55,000) (5,262) (4,246) 36,342 9,383	2021 £ 24,769 - (5,554) (26,272) 24,996 17,939

Mrs S K West's Charitable Trust Registered number: 1160954 Balance Sheet as at 31 March 2022

Notes Fixed assets Tangible assets 2 Current assets Debtors 3 Cash at bank and in hand Creditors: amounts falling due within one year 4 Net current assets Net assets Funds of the Charity Revaluation reserve 5 General Fund Total Funds	2022 £ 1,170,000 21,759 106,525 128,284 (250) 128,034 1,298,034 1,170,000 128,034 1,298,034	2021 £ 1,170,000 12,899 106,244 119,143 (492) 118,651 1,288,651 1,170,000 118,651 1,288,651

P J Schoon Director Approved by the board on 31 January 2023

Mrs S K West's Charitable Trust Statement of Changes in Funds for the year ended 31 March 2022

At 1 April 2020 Surplus for the financial year At 31 March 2021 At 1 April 2021 Surplus for the financial year At 31 March 2022	Revaluation reserve £ 1,170,000 1,170,000 1,170,000 1,170,000	General Fund £ 100,712 17,939 118,651 118,651 9,383 128,034	Total £ 1,270,712 17,939 1,288,651 1,288,651 9,383 1,298,034

Mrs S K West's Charitable Trust Notes to the Accounts for the year ended 31 March 2022

1 Accounting policies

Basis of preparation

The accounts have been prepared the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with the Charities Act 2011.

Income

Income is included in the Statement of Financial Activities when the charity becomes entitled to the resources, it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability

Freehold Land and Buildings

Freehold Land are building are measured at market value. No depreciation is provided on buildings or freehold land

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price).

2 Tangible fixed assets

Cost At 1 April 2021 At 31 March 2022 Depreciation At 31 March 2022 Net book value At 31 March 2022 At 31 March 2021	Land and buildings £ 1,170,000 1,170,000 - 1,170,000 1,170,000

The freehold land and buildings were professionally valued in 2010 by Fair & Rea, Chartered Surveyors of Mian Cote, Stony Lane, Forton. The value of the land was uprated to the valuation used when transfering the land into the trust from the West Wood Trust in 2016

Mrs S K West's Charitable Trust Notes to the Accounts for the year ended 31 March 2022

3 Debtors Trade debtors 4 Creditors: amounts falling due within one year Other creditors 5 Revaluation reserve At 1 April 2021 At 31 March 2022	2022 £ 21,759 2022 £ 252 2022 £ 1,170,000 1,170,000	2021 £ 12,899 2021 £ 492 2021 £ 1,170,000 1,170,000

Mrs S K West's Charitable Trust Detailed income and expenditure account for the year ended 31 March 2022

Income Sales St Annes Shop Beaumont Cote & Grange Land Wayleave Interest receivable Donations to Registered Charities Cancer Help Garstang St Thomas Go Africa Lancaster & District Homeless Action Service Marie Curie Otley Meeting Room Salvation Army Sheiling Trust Sight Aid International St. Catherines Hospice Turning Point Wesley Playhouse Zephania Trust Direct costs Agents' Fees Property Repairs Administrative expenses Management and administration costs Insurance Property repairs, management, insurance and other direct costs Examiner fees Bad debts Legal and professional costs: Other legal and professional Other operating income Compensation for compulsory purchase of land	2022 £ - 24,000 13,200 61 288 37,549 1,000 2,000 4,000 1,000 1,000 3,000 12,000 2,000 4,000 4,000 10,000 1,000 10,000 55,000 2,712 2,550 5,262 3,994 252 - 4,246 - - 4,246 36,342	2021 £ - 11,250 13,200 61 258 24,769 - - - - - - - - - - - - - - 4,704 850 5,554 3,084 240 8,878 12,202 14,070 14,070 26,272 24,996