thaflty Number 1172370 Re8lstered number CE009799 IEn8land & Wales) WESTWOOD CHRISTIAN CENTRE Report and Accounts for the perlod ended 31 Marth 2024 WESTWOOD CHRisfiAN CENTRE Report and A¢wints lor the period ended 31 March 2024 Contents Trust Information Trustees Report 2to4 Independent Examlner's Report Statement of Flnantial Activities Balance Sheet Notes to the Accounts 8tolO Detailed Staternent of Flnanclal Attivlty Ilto12 WESTWOOD CHRisnAN CEpifRE Charity Infi>rnibtlon for the perl¢d ended 31 Marth 2024 Trustees Rev N. aews G. Adams J. Keeble A. Greenwood C Wc¥Jdall ICh3Srl ITreasurer} Isecretsryl appointed 17 Oct 2023 Address Westwood Christian Centre Westwood Edge Gokar Huddersfield West Yorkshlre HD7 4JY Independent Examlner Bary Slmmons 13 Myrtle Road Golcar Huddersfield HD7 4EF Bank• HSBC Bank PIC 2 aoth Hall Street Huddersfieh West Yorkshire HDI 2ES Charlty Numljer 1172370 Trustees Annual Repirt for the perlod ended 31 Matth 2024 The trustee$ submit their Annual Report and Accounts for the period endol 31st March 2024, whlch have been prepared In accordance with applicable actounting standards, SORP FKS 102. Accounting and Reportlng by Chart￿e5. Admirslstratl The name of the charity is Westsvood ChrislSan Centre and Its rewstration number Is 1172370 The trustee rln the ear were: Rev N. aew5 G. Adams J. Keeble A.Greenwood Q Woodall (Chairl (Treasurerl (Secretary) Appolnted 1711012023 overn nc The trust was constit￿ed under the Trust Deed dated 3rd Aprtl 2017 New trustees are appointed by the trustees who shall have powerto make su¢h appolntment by a resolutlon of a fully constltuted meeting of the trustees. The trustees hold meetlngs re8ularty during the year and matters are decided by the majority of votes of the trustees present at any meetln¢. dre The address of the principal office of the trust Is Westwood Chrfstlan Centre. Westwood Edge, Golcar, Huddersfield, HD7 4JY Ob"ectives and Activities The oblective5 of the CIO are the advancement of the Chrlstlan farth and Chrlsttan educatlon. by the provision of accommodation, seminar, conference and retreat facllitoes at Westwood Mission, Golcar. Huddersfield, wlth the facillties availablè for the local ￿MmUnity to use too. The CIO was reglstered In April 2017 and took over the attivities fomierly conducted by We$￿00d Misslon Trust wlth effett from 6th May 2017. The trsjstees of the Westwood Mlsslon Trust agreed to transfer all propertv, assets and operations of the Trust to the CIO at thelr meeting on 6 May 2017 and from that date on all transactions have been recorded in the •¢¢ourrts of the Westwood Christlan Centre. The property acquired was appraised by a professl¢)nal surveyor In June 2017 and the valuation of £5￿,(KX) has not been updated Since then but has been used for these finanaal statements. WEsfwooD CHRISTIAN CENTRE Trustees Annual Report (contlnued) for the perlod ended 31 March 2024 hievements an ormance The 2023124 financial year started with repair work Still on80ing to rectify flood damage caused by a burst pipe in the prevlous financial perlod. Fortunately the fvll cost was covered by an insurance clalm received in the 23124 year. With that issue resolved. the wardens were able to support an increase in the number of bookings which increased during FY23124 by nearly 15%. Cost inflation meant that we had to increase prices which also lifted our income for the year. The warden team worked well tO8ether during FY23124 and strong relationship5 have been forged between Nlkki, Hannah and Jonny. Through their contacts they continued to attract new groups to Westwood which helps to diversify our client base. As mentioned in previous reports, the trustees are mlndful that thelr objective is not to compete with local hotels, but to offer a place for Christian study and retreat as a peaceful sanctuary. After every up there seems to be a down, and that is that the cost pressures frdced by the Cent￿ and our guests contlnued throughout FY23124 and into FY24125, which eventually resulted in a Sharp drop In bookin8 revenues in the Autumn of FY24125. A8ain, bookings have bounted back though. The trustees believe that due to the wider client base and an Increased level of t)ookings. the centre remalns viable, despite continulng cost pressures. Fut Plans an Develo ments Faced wlth much higher energy Costs ènd increaslng mortgage payments. the trustees have not had the cash available to invest in the planned improvements. However. the need to improve energy efficiency and sustainability remains poramount and will be pro8￿$Se￿ 35 quickly a5 possible. We contlnue to refurbish rooms as necessary in order to improve the standard of attommodation offered and ensure that It is appropriate to, and safe for, current requirements. Flnancial Revlew Full details of the financlal transactions for the 12 months to 31 March 2024 are contained in the attached accounts. The income for the year on un￿$trI￿ed funds wa5 £102,708, which was an Increase of 30% compared to the previous 12 months, due partly to the receipt of an insurance payout to cover the cost of repairin8 damage from a burst pipe and also the consequent loss of booklng income. Income from premises hire Int￿a$ed by over 20% as activity increased despite the cost of livln8 pressures. After deductlng expendtture of £106.018, higher than the previous year due to the cost of flood repalr work and higher mort8a8e interest costs, the net result was a deflcit taken to unrestrirted funds of £3.310. There were no transactions during the year on restricted funds for our roof appeal, whlch stands at £1.967. sernes Poll The CIO retains modest cash reserves to meet expenditure as incurred. The trustees are aiming to Increase the cash rese￿e$ held in order to provide better protection against fluctuations in income or expenditure of the charity, with the objective of holding cash reserves sufficient to cover up to 6 months of operating costs. The cash reserves held at 31 March 2024 were £13,103, with tash expenses in the year of £93,192, representing just under two months of cover. WESTWOOD CHRISTIAN C£NTrE Trustees Annual Report { contlnued) for the perfod eftded 31 March 2024 Risk Mana em The trustees consider that there are four key risks to the fund . Deterioration of the buildin& Any restrlction being placed on the charity's actlvities: Increased costs of workin Unexpected loss of warden staff. The risk to the building is mitlgated by the ongoing maintenance programme and regular inspections by the wardens The Trustees are not aware of ony lrnmedlate threat from the other risks, but revlew the situatlon at each meeting. As at the end of the previous financial year. the major risk facing the centre remalns the Increase in energy and operating costs and rising interest rates. Not only will this force up our operatin8 costs. it is Ilkely to reduce the disposable income of many potential guests and reduce our visitor numbers. tem ntofTr s. Res onsibllltles Charity law requlres the trustees to prepare financial statements for eath flnanclal year. whlch show a true and fair view of the State of affalrs of the chartty and its finandal actlvltie5 for that perlod. In preparlng those ftnanclal statements, the trustees are required to: Select sultable accountln8 pollcies and then apply them conslstently; Make adjustments and estimates that are reasonable and prudent- State whether applicable accountlng standards and ststements of recommended practice have been followed, subjert to any departure5 disclosed and explained in the flnancial statements.. and Prepare the flnancial statements on the going concern basls, unless It Is not approprlate to presume that the charlty will continue in operational existence. The tru5tee5 are responslble for keeping proper accountln8 records which disclose with reasonable atturacy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hen￿ for taklng ￿aSOnable steps for the prevention and detectlon of fraud and other Irregularities. The Trustees Report was approved on 29 January 2025 and signed on thelr behalf by: G Adams Trustee WESTWOOD CHRisnAN CENTRE Independent Examlner's ReP￿t to the Tntstees of Westwood ChrI￿lan Centre I report on the accounts of the Trust for the period ended 3tst March 2024. which are set out on pages 6 to 10. Respectl¥e Responslbllltles af Trustees and Examlner The ¢harlty'S trustee5 are responsible forthe preparation of the accounts in accordance with the requirements of the Charltjes Act 2011. I report In respect of my examlnatlon of the Trust's accounts carried out under seCt￿n 145 of the 2011 Act and in carrying out my examlnatlon I have followed all the applicable Dlrections given by the Charity Commission under Section 14515llbl of the ACL Independent Examlner's Statement I have completed my examiftatlon. I confimi that no materlal matters have come to my attention in connection wlth the examlnation 8fr4ln8 me cause to believe that In any material respect: i) accountlng records were not kept in respect of the TrLtst as required by sectlon 130 of the Act- or the accounts do not accord wtth those rewrd5: or the accounts do not compty with the applicable requ1￿ments toncernlng the form and contents of the accounts set out in the Charities IAccounts and Reports) Re8￿￿tIOnS 2008 other th8n any ￿qUIrernent that the ccounts give a 'true & fair. view which Is not a matter considered 85 Part of an independent examination. 21 31 I have no concerns and have come 8cross no other mètters in connectlon with the examinatlon to which attentlon should be drawn In thls report In orderto enable a proper understandin8 of the accounts to be reached. IN￿o￿s Barrysimmons 29th January 2025 13 Myrtle Road. Golcar. Huddersfleld, HD7 4EF Flnandal Athltles lorthe perlod ended 31 March 2024 unreStr￿ted Restrlcted Income Income Fund fund 2024 2024 Totsl Income funds 2024 Unrestrlcted Restricted Income Income Fund fund 2023 2023 Total Income funds 2023 Notes Inmme and •ndowments from: Donations and legacles Investments Charltable actIV￿leS 7.335 7.335 8,663 8,663 95.373 95.373 70.212 70,212 Tot•1 102,708 102,708 78.875 78m5 Expendlture on: Charttable actlvltes Other 106,018 106,018 98,564 100 98,564 Total 106,OU 106,0 98,664 98,664 Net Incornellexpendlture) 13,310) 13.310) {19,789} 119,7891 Other reco8nlsed ialnsllloswsl Galns on revaluation of frxed assets N•t movement In funds 13,3101 13,3101 119,789) 119,7891 Total funds carrled forward 232.179 234.146 235,489 1,967 237,456 WEStWOOD CHRISTIAN CENTr£ Balance Sheet forthe for the perlod ended 31 Marth 2024 Notes 2023 Flxed Assets Tanglble assets 455,769 tU￿ent Assets Cash at bank and In hand Debtors 13,103 2,330 15,433 11,269 1,830 13.099 LSabS1ities' Credltors.. Amounts falllng due within one year Trade Credltors and accruals Deposbt received in advance Mortgage 2,143 15,973 7.911 14,253 7,890 26.027 24,811 Net Current AssetsllLlabilitlesl 110.5941 111,7121 Totsl Assets Less Current Uabllltles 433,254 444.057 Credltors.. Amounts fallln8 due In more than one year 199.108 206,601 234,146 237A56 The funds of the d￿rfty Restrlrted Fund Unrestricted Fund RevalLtation Reserve 1.967 3,643 228.536 234,146 1,967 4,155 231,334 237,456 Approved bythe Trustees on 29th January 2025 and signed on their behalf by:_ G Adams- Trustee WEsfwooD CHRisllAN CENTrE Notes to the Accounts for the for the perlod ended 31 March 2024 l Accountln Policies Basis of Pre aration The accounts have been prepared in accordan￿ with applicable Accounting Standards, the SORP IFRS 1021, Accounting by Charities and the Charities Act 2011. They have been prepared under the historic cost basis of accounti￿. bl Income and endowments Income and endowments. which comprise donations, fees for use of the premises and bank interest. are reported gross. Donations. which include donated assets at an estlmate of their value at the polnt of donation, are included when receivable. Grants recelvable are recognised when due. Ex endlture Expenditure comprise all expenses direct￿ relating to the objerts of the charity- When nece￿ry, costs are allocated between direct charitable expenditu￿, fund ralsing and management and administration on an equitable basis. dl Fixed Assets All fixed assets are included at revaluatlon on 311312018 or Subsequent cosL less cumulatlve depreciation. De recSation Depreciation Is provlded at 2% per annum on buildings and at IO% per annum on other property assets, such as landscapin& pavin& and walls. No depreciatlon Is provided on the value of the land. DepreciatSon Is provlded at rates varyin8 from 8% to 20% on a straight Ilne basis on fumlture and equipment, based on the e5tirnated useful life. 2 Donations and I aci 2024 2023 Donatlons and glft ald 7.335 8,663 7,335 8,663 3 Incomin Resources from Charitable ActN Premises use Miscellaneous 83.993 11.380 69.731 481 95.373 70,212 WESTWOOD CHRisfiAN CEIfflIE Notes to the Accounts for the for the period ended 31 Marth 2024 4 Charitable Ex nditure Centre Su Costs 2024 tal 12,826 15,125 34,822 4,598 2023 Total 12,725 16,713 30,495 5,251 1.150 68 1.878 86 17.371 loo 12,826 98,664 Depreciation Heat and Li8htin8 Repairs, gardening and cleaning Rent, rates and insurance Advertisin8 and website costs Bank Charges Office costs Office expenses Wages Professional and Legal Mortgage interest 12.826 15.125 34.822 4.598 884 63 63 73 17.334 73 17.334 18.389 104,114 18,389 106.018 1,904 5 Anal l of Costs Aclivities Governan Totsl Total Office Costs Independent Examiner 1,904 1,878 100 1,978 1.904 ible Fixed Ass Fixtures & Furni Pro Total Costs B/hvd At 31 March 2023 (31/03/2022) Additions Dlsposals At 31 March 2024 131/03ft023) 496,015 19.925 905 515.940 905 514,775 1,165 496.015 20.830 516,845 515,940 8ein8.' Cost Valuation of 311312018 18.406 2.424 18.406 498,439 17.501 498,439 496,015 De reciation Blfwd at 31 March 2023 131/03/2022) Charge for period Ellmlnated on disposal At 31 March 2024 (31/03/2023) 49.836 9.920 10,335 2.906 60,171 12,826 47,446 12,725 59,756 13.241 72,997 60,171 N8V blfwd at start of year 446,179 9,590 455.769 467,329 NBV clfwd at end of year 436.259 7,589 443,848 455,769 WESTWOOD CHRISTIAN CENtRE Notes to the Accounts forthe for the perl¢)d ended 31 March 2024 7 Creditors.. Amounts falling due in more than one year 2024 2023 Mortgage 199.108 206,601 199.108 206.601 A mortgage of £262,220 was taken out on 26th January 2018 wlth Charlty Bank over 20 years. The mortgage Is secured a8ainst the f￿ehOld property. 8 Related Pa Transactions None of the trustees were paid remuneratlon In 2023124 I Commltments There were no capltal COMM￿Ments at 3tst March 2024 io WESTWOOD CHRisnAN CEPITRE Detslled Ststement of Fln•ndal Artl¥ltles for the perlod ended 31 Marth 2024 Unrestrkted Unrestrkted lTrcome Fund 2024 Unrestrlcted Income Fund 2023 Income Donatlons Premises Hire Bank Interest Mlscellaneous Ilncl govt grants) 7,335 83.993 142 11,238 8,663 69,731 37 T¢)tsl 102,708 78,875 Expendltufe Waler, Heat and U8ht W38es Rent and Rates Repalr5 and Maintenance Insurance Statlonery and Prfntlng Advertlsln8 and Webslte Costs Telephone and Internet Bank CharBes and Interest Hospitality and Gifts Sundry Expenses Cleanlng Professlonal fees Independent Examlner's Fee Dep￿CIatIOn Mortgage Interest Total 15.125 17,334 1.959 20,333 2,639 16,713 17,371 2,595 13,208 2,656 86 L150 1,878 1.904 63 73 1.694 12.795 4,020 13.267 ify) 12,725 12.826 12,826 18.389 106.0 98,664 Net In¢omel{Expendltuie) 13.310) 119,789) li WESTWOOD CHRISTIAM CEl￿E Detslled Statement of Financial Actlvlties for the pÈriod ended 31 March 2024 Restrlcted Restrirted Income Fund 2024 Restricted Income Fund 2023 Income Donations Total Expendlturo Net Income 12