Registered charity number 1160954 ## Mrs S K West's Charitable Trust ## Accounts 31 March 2024 **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 2024. ## **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 2024 was £39,347 (2023: £39,036). After expenses there was a deficit of £13,064 (2023: deficit £5,313). Donations to registered charities were £44,500 during the year (2023: £35,500) Reserves at 31st March 2024 were £1,281,657 (2023: £1,294,721). 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 17 January 2025 and signed on its behalf. P J Schoon On behalf of the trustees 1 ## **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 1. 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 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. **Signed Date** 17 January 2025 **Name** Safira Patel **Qualification** Chartered Certified Accountant (ACCA) **Address** Davies & Crane Ltd, 80 Lytham Road, Fulwood, Preston, PR2 3AQ 2 ## **Mrs S K West's Charitable Trust Statement of Financial Activities for the year ended 31 March 2024** |**Investment Income**
Donations to registered charities
Direct costs
Management and administration costs
**Deficit**|**2024**
**£**
39,347
(44,500)
(3,264)
(4,647)
(13,064)|**2023**
**£**
39,036
(35,500)
(4,452)
(4,397)
(5,313)| |---|---|---| 3 ## **Mrs S K West's Charitable Trust Registered number:** 1160954 **Balance Sheet as at 31 March 2024** |**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**|**2024**
**£**
1,170,000
12,184
99,741
111,925
(268)
111,657
1,281,657
1,170,000
111,657
1,281,657|**2023**
**£**
1,170,000
28,856
96,132
124,988
(267)
124,721
1,294,721
1,170,000
124,721
1,294,721| |---|---|---| P J Schoon Trustee Approved by the board on 17 January 2025 4 ## **Mrs S K West's Charitable Trust Statement of Changes in Funds for the year ended 31 March 2024** |**At 1 April 2022**
Deficit for the financial year
**At 31 March 2023**
**At 1 April 2023**
Deficit for the financial year
**At 31 March 2024**|**Revaluation**
**reserve**
**£**
1,170,000
1,170,000
1,170,000
1,170,000|**General**
**Fund**
**£**
130,034
(5,313)
124,721
124,721
(13,064)
111,657|**Total**
**£**
1,300,034
(5,313)
1,294,721
1,294,721
(13,064)
1,281,657| |---|---|---|---| 5 **Mrs S K West's Charitable Trust Notes to the Accounts for the year ended 31 March 2024** ## **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 2023
At 31 March 2024
**Depreciation**
At 31 March 2024
**Net book value**
At 31 March 2024
At 31 March 2023|**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 6 ## **Mrs S K West's Charitable Trust Notes to the Accounts for the year ended 31 March 2024** |**3**
**Debtors**
Trade debtors
**4**
**Creditors: amounts falling due within one year**
Other creditors
**5**
**Revaluation reserve**
At 1 April 2023
At 31 March 2024|**2024**
**£**
12,184
**2024**
**£**
270
**2024**
**£**
1,170,000
1,170,000|**2023**
**£**
28,856
**2023**
**£**
267
**2023**
**£**
1,170,000
1,170,000| |---|---|---| 7 ## **Mrs S K West's Charitable Trust Detailed income and expenditure account for the year ended 31 March 2024** |**Income**
St Annes Shop
Beaumont Cote & Grange Land
Wayleave
Interest receivable
**Donations to Registered Charities**
Cancer Help
Garstang St Thomas
Focus 4 Hope
Go Africa
Lancaster & District Homeless Action Service
Marie Curie
Otley Meeting Room
Salvation Army
Sheiling Trust
Spen Valley Faith in Schools Trust
St. Catherines Hospice
St. Johns Hospice
Turning Point
Zephania Trust
**Direct costs**
Agents' Fees
**Administrative expenses**
Management and administration costs
Insurance
Property repairs, management, insurance and other direct
costs
Examiner fees|**2024**
**£**
22,000
13,200
60
4,087
39,347
2,000
2,000
-
3,000
2,000
2,000
2,000
2,000
2,000
-
2,000
2,000
8,000
15,500
44,500
3,264
4,377
270
4,647
4,647|**2023**
**£**
24,000
13,200
48
1,788
39,036
2,000
2,000
1,000
3,000
2,000
1,000
1,000
8,000
2,000
2,000
2,000
2,000
7,500
-
35,500
4,452
4,127
270
4,397
4,397| |---|---|---| 8