2023-03-31-accounts - West Hendon Community Trust Fund

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WEST HENDON COMMUNITY TRUST FUND TRUSTEE'S ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

CHARITY REGISTRATION NUMBER: 1161241

WEST HENDON COMMUNITY TRUST FUND FINANCIAL STATEMENT FOR THE YEAR ENDED 31ST MARCH 2023

CONTENTS	PAGE
LEGAL AND ADMINISTRATIVE INFORMATION	1
REPORT OF THE TRUSTEES	2- 5
REPORT OF THE INDEPENDENT EXAMINER	6
STATEMENT OF FINANCIAL ACTIVITIES	7
BALANCE SHEET	8
NOTES TO THE ACCOUNTS	9

WEST HENDON COMMUNITY TRUST FUND LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31ST MARCH 2023

CHARITY REGISTRATION NUMBER:

1161241

Registered Office	Community Hub Gadwall House
	Perryfield Way
	West Hendon
	London
	NW9 7DZ
		Name of person (or body) entitled to appoint trustee (if any)
Trustees:	Tracy Cookey	West Hendon Resident
	Jennifer Brown	Business Trustee
	Marlan Monrose	Metropolitan Housing Trust Trustee
	Cllr. Andrea Bilbow	Barnet Council–took over from the previously appointed councillors
		Officially on 6thMay, 2022 after the elections.
	Cllr. Rishikesh Chakraborty	Barnet Council - took over from the previously appointed councillors
		Officially on 6thMay, 2022 after the elections.

Accountant: AACSL Accountants Limited 1st Floor North Westgate House Harlow Essex CM20 1YS

WEST HENDON COMMUNITY TRUST FUND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023

The trustees present their report with the financial statements of the charity for the year ended 31st March 2023. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity Number: 1161241

STRUCTURE, GOVERNANCE AND MANAGEMENT GOVERNING DOCUMENT

The charity is controlled by its governing document, and constitutes a Charitable Incorporated Organisation.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

CONSTITUTION

The Charity is constituted under a CIO Foundation Constitution dated 2015 and our Charity number is 1161241, on the central register of the Charity Commission of England and Wales.

INTRODUCTION

The principal objective of the Charity is the promotion for the public benefit of urban or rural regeneration in areas of social and economic deprivation (and in particular West Hendon). Our purpose is to raise standards and influencing our society. We provide grants to advance recreational facilities enabling the population who by reason of their youth, poverty and social and economic circumstances have need of such facilities.

METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES

Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or

body entitled to appoint one or more trustees Para 1.25 The Board can consist of 7 trustees.

Two trustees may be appointed by following an election or nomination process involving residents of West Hendon,
Two shall be appointed by the Council
Two may be appointed by Metropolitan
One Trustee shall be appointed by the Trustees following an election or nomination process involving a business situation in or near to West Hendon.

Every trustee shall be appointed for a maximum term of three years.

WEST HENDON COMMUNITY TRUST FUND REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31ST MARCH 2023

OBJECTIVES AND ACTIVITIES

Summary of the purposes of the charity as set out in its governing document

To provide or assist in the provision of facilities for recreation or other leisure time occupation in the interest of social welfare and with the object of improving the conditions of life of the residents of the Area of Benefit – West Hendon estate, especially those residents who by youth, age, infirmity or disablement, poverty or social or economic circumstances may have need for or benefit from such facilities.

Summary of the main activities

To promote West Hendon Community Trust Fund ’ s work, their service and offer to the residents on the estate.

To offer assistance to the residents of West Hendon with completing forms and ensuring applicants understood the funding eligibility.

To support the Board of Trustees with grant and project management administration so that they have all of the information

they need to decide on applications received so that they can decide whether or not to award that meet the Trust ’ s purposes:

Relieve poverty.
Support with hardship.
Provide educational, wellbeing, volunteering opportunities for the adults in the community.
Provide activities suitable for the children and young people that are educational, recreational and stimulating.
17 cheques were processed towards this aim, the sum distributed was £ 19,106.

Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit

Yes, trustees are made aware of their role and responsibilities. They are guided by the Constitution.
Conflict of Interests are declared and they have a copy of the Code of Conduct .

WEST HENDON COMMUNITY TRUST FUND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023

Achievements and Performance

The Trustees of the West Hendon Community Trust Fund met 2 times during this financial year instead of the usual 4. One meeting was not quorate.

There was a changeover of Councillors appointed to the Trust Fund owing to the elections and ward changes. The new Councillors attended their first meeting in October 2022.

Two new members joined.

The Trustees met in this financial year, to review the plans of the charity and make decisions organisational applications received.

WEST HENDON COMMUNITY TRUST FUND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023

Financial Review

Review of the charity’s financial position at the end of the period Cash funds of £138,995.00.

Statement explaining the policy for holding reserves stating why they are held The charity does not have a stated policy on reserves at present.

Amount of reserves held

The trust holds no reserves.

Reasons for holding zero reserves

The Trust spends money very judiciously considering the needs of the beneficiaries of the West Hendon estate and does not have a need to have reserves at this time.

Details of fund materially in deficit

The charity does not have any funds in deficit

Explanation of any uncertainties about the charity continuing as a going concern

There are no uncertainties about the charity ’ s ability to continue as a going concern.

The charity ’ s Principal Sources of Funds

WHCTF was setup in 2015 through a request by Barratt Metropolitan Ltd Liability Partnership (BMLLP)

Barratt Metropolitan LLP is required to make financial contributions in accordance with a set formula as the regeneration of the estate being carried out.

Approved by order of the board of trustees on ......... 26/07/2023 … .and signed

Tracy Cookey on behalf of the trust. Trustee

26[th] July 2023

INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF WEST HENDON COMMUNITY TRUST FUND FOR THE YEAR ENDED 31ST MARCH 2023

I report to the trustees on my examination of the accounts of West Hendon Community Trust Fund for the year ended 31 March 2023.

Responsibilities and basis of report

As the charity's trustees, 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 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. - examine the accounts under Section 145 of the 2011 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 (other than that disclosed below *) which gives me cause to believe that in, any material respect:

the accounting records were not kept in accordance with section 130 of the Charities Act; or
the accounts did not accord with the accounting records; or

• the accounts did not comply with the applicable 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

AACSL Accountants Limited 1st Floor North Westgate House Harlow Essex CM20 1YS

Signed: 26/07/2023

WEST HENDON COMMUNITY TRUST FUND STATEMENT OF FINANCIAL ACTIVITIES (Income and Expenditure Account) YEAR ENDED 31 March 2023

Notes INCOMING RESOURCES FROM CHARITABLE ACTIVITIES Charity income 1 TOTAL INCOMING RESOURCES RESOURCES EXPENDED Other Expenses Grant to Fun Unique Social Escape Ltd Grant to Karma Mama - Lisa Ellis Grant to Community Barnet TOTAL RESOURCES EXPENDED Net income/(outgoing) resources Total funds brought forward Total funds carried forward	Un-restricted funds 2023 £ - -	Restricted Funds 2023 £ - - - - - - - - - -	Total Funds Total Funds 2023 2022 £ £ - - - -
	-		- -
	1,200 - 6,500 5,000		1,200 5,200 - 5,660 6,500 500 5,000
	12,700		12,700 11,360
	(12,700) 151,695		(12,700) 11,360 - 151,695 163,055
	138,995		138,995 151,695

All incoming resources are derived from continuing operations. The charity has no other gains or losses other than those recognised in the Statement of Financial Activities.

WEST HENDON COMMUNITY TRUST FUND BALANCE SHEET FOR THE YEAR ENDED 31 March 2023

Notes CURRENT ASSETS Cash at bank and in hand 3 Total Asset Less Current Liabilities NET ASSETS FINANCED BY: Unrestricted funds Restricted Funds B/F TOTAL FUNDS	2023 2022 Total Total £ £ 138,995 151,695
	138,995 151,695 138,995 151,695

	138,995 151,695
	138,995 151,695 - -
	138,995 151,695

Tracy Cookey on behalf of the trust. Trustee 12th July, 2023

WEST HENDON COMMUNITY TRUST FUND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 March 2023

Note 1. Incoming Resources

Note 1. Incoming Resources
Income Note 2. Resources Expended - Activities Donation to Barnet Hill Academy Grant to Community Barnet Accountancy fees Grant to Karma Mama - Lisa Ellis Grant to Fun Unique Social Escape Ltd The Event Umbrella Note 3. Cash at bank and in hand Cash at bank Cash at hand Note 4. Movement in funds Unrestricted funds Charity's fund Restricted funds Gift Aid Note 5. Analysis of net assets by fund Cash at bank and in hand Other net assets (liabilities)	Unrestricted Funds £ - Unrestricted Funds £ - 5,000 1,200 6,500 - - 12,700 2023 £ 138,995 - 138,995 Opening balance £ - - - - Unrestricted Funds £ 138,995 - 138,995	Restricted Funds £ -	2023 2022 Total Total Funds Funds £ £ - 0
		-	- -
		Restricted Funds £ - - - - -	2023 2022 Total Total Funds Funds £ £ - 400 5,000 - 1,200 - 6,500 500 - 5,660 - 4,800
		-	12,700 11,360
		2022 £ 151,695 -	Resources expended £ (12,700) (12,700) 0 (12,700) 2023 2022 Total Total Funds Funds £ £ 138,995 151,695 - -
		151,695
		Incoming resources £ -
		-
		-
		-
		Restricted Funds £ - -
		-	138,995 151,695

Note 6. TRUSTEES REMUNERATION The Trustees did not receive any emoluments and no out of pocket expenses were paid during the year
Note 7. As a company, WEST HENDON COMMUNITY TRUST FUND is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its objects. No tax charges have arisen in the Company.

Note 8. Control

The ultimate controlling parties are the trustees’ as stated on page 2.