Westwood 2015 Annual Report
Westwood was established in 2015 and registered as a charity in 2018.
Through our various activities we seek to promote social inclusion in our local community and other communities of interest or circumstance by developing inclusive projects and providing something for all.
Our most recent annual income was for the year ending 31[st] March 2024 was £63,654
We are Volunteer-led and make volunteer opportunities available.
We have 3 Trustees:
-
Norman Perrin was founder and former CEO of Paces Sheffield a charity for children and adults with cerebral palsy and their families.
-
Neil Morris was a former director of Westwood Training, a former social enterprise and Registered Training Provider with the Department for Education & Skills.
-
David Fairbanks currently manages IT Support, based at the Campus.
During the last 12 months our work focus themes have been attempting to reduce social isolation for individuals and anti-poverty working with socially and economically disadvantaged individuals and families.
During this period, we have engaged with just over 500 different beneficiaries, in activities ranging from family learning activities, creative craft sessions, heritage film shows, walk and talk historical events, cook and eat, both online and gathered.
In February and March of 2024, we launched our own new training programme to develop Community Activity Leaders, where we showed individuals how to plan, prepare and present a community activity or event.
In April we launched an exciting new initiative called “Stages and Ages”, an intergenerational playground, in which young children and their carers go into a residential care setting for seniors, the two client groups working and playing together, which breaks down barriers of social isolation and loneliness.
Another new venture, “Live Well, Stay Well”, was started. This is a creative well-being initiative for socially and economically isolated adults over 55 years of age in our locality, by running a series of fortnightly gathered free creative activity sessions.
Towards the end of the year, we were approached by a local volunteer who wished to set up a Bereavement Support Group which is now meeting weekly.
During the next 6 months we are looking at developing further initiatives including social enterprises and to continue to focus on working with older people, families and individuals, using creative activities, heritage and history; the outdoors and for well-being.
We have no full-time meeting or office space and use our valuable volunteers and specialist sessional facilitators to deliver any projects that we are able to source funding for. We hold a monthly team gathering of activity leaders.
Neil Morris Chair of Trustees December 2024
Westwood 2015 Limited
Charity No. 1179952
Company No. 09734470
Trustees' Report and Unaudited Accounts
31 March 2024
Westwood 2015 Limited Contents
| Pages | ||
|---|---|---|
| Trustees' Annual Report | 2 to 3 | |
| Independent Examiner's Report | 4 | |
| Statement of Financial Activities | 5 | |
| Summary Income and Expenditure Account | 6 | |
| Balance Sheet | 7 | |
| Statement of Cash flows | 8 | |
| Notes to the Accounts | 9 to | 14 |
| Detailed Statement of Financial Activities | 15 to | 16 |
Page 1
Westwood 2015 Limited Trustees Annual Report
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 March 2024.
REFERENCE AND ADMINISTRATIVE DETAILS
Company No. 09734470
Charity No. 1179952
Registered Office
The Campus Pack Horse Lane High Green Sheffield S35 3HY
Directors and Trustees
The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:
D. Fairbank N. Morris N. Perrin
Accountants
My Management Accountant 3M Buckley Innovation Centre Firth Street Huddersfield HD1 3BD
OBJECTIVES AND ACTIVITIES
The charity's objective is stopping social exclusion, which we have defined as Stopping Social Segregation. We support both our Local Geopraphic Community and other communities of interest, or circumstance, by developing inclusive projects, and providing something for all in the Community Activities that we run and organise.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Signed on behalf of the board
Norman Perrin
Norman Perrin (Dec 6, 2024 15:07 GMT)
Page 2
Westwood 2015 Limited Trustees Annual Report
N. Perrin Trustee 28 October 2024
Page 3
Westwood 2015 Limited Independent Examiners Report
Independent Examiner's Report to the trustees of Westwood 2015 Limited
I report to the charity trustees on my examination of the financial statements of Westwood 2015 Limited for the year ended 31 March 2024.
Responsibilities and basis of report
As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.
Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in accordance with section 386 of the 2006 Act ; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
-
the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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 financial statements to be reached.
Martin Bown ACMA My Management Accountant 3M Buckley Innovation Centre Firth Street Huddersfield
HD1 3BD 28 October 2024
Page 4
Westwood 2015 Limited Statement of Financial Activities
for the year ended 31 March 2024
| Notes Income and endowments from: Donations and legacies 4 Other 5 Total Expenditure on: Raising funds 6 Charitable activities 7 Other 8 Total Net gains on investments Net income/(expenditure) 9 Transfers between funds Net income/(expenditure) before other gains/(losses) Other gains and losses Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Restricted funds 2024 £ 3,364 60,290 |
Total funds 2024 £ 3,364 60,290 |
Total funds 2023 £ 7,372 44,485 |
|---|---|---|---|
| 63,654 4,740 51,352 2,412 |
63,654 4,740 51,352 2,412 |
51,857 4,438 53,601 1,270 |
|
| 58,504 - |
58,504 - |
59,309 - |
|
| 5,150 - |
5,150 - |
(7,452) - |
|
| 5,150 | 5,150 | (7,452) | |
| 5,150 26,170 |
5,150 26,170 |
(7,452) 33,622 |
|
| 31,320 | 31,320 | 26,170 |
Page 5
Westwood 2015 Limited Summary Income and Expenditure Account
for the year ended 31 March 2024
| Income Gross income for the year Expenditure Depreciation and charges for impairment of fixed assets Total expenditure for the year Net income/(expenditure) before tax for the year Net income /(expenditure )for the year |
2024 £ 63,654 63,654 57,234 1,270 58,504 5,150 5,150 |
2023 £ 51,857 |
|---|---|---|
| 51,857 | ||
| 58,039 1,270 |
||
| 59,309 | ||
| (7,452) | ||
| (7,452) |
Page 6
Westwood 2015 Limited Balance Sheet
at 31 March 2024
| Company No. 09734470 Notes 2024 £ Fixed assets Tangible assets 11 747 747 Current assets Cash at bank and in hand 31,953 31,953 Creditors:Amount falling due within one year 12 (1,380) Net current assets 30,573 Total assets less current liabilities 31,320 Net assets excluding pension asset or liability 31,320 Total net assets 31,320 The funds of the charity Restricted funds 13 Restricted income funds 31,320 31,320 Unrestricted funds 13 Reserves 13 Total funds 31,320 |
2023 £ 2,017 |
|---|---|
| 2,017 25,533 |
|
| 25,533 (1,380) |
|
| 24,153 26,170 |
|
| 26,170 | |
| 26,170 | |
| 26,170 | |
| 26,170 | |
| 26,170 |
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 28 October 2024
And signed on its behalf by:
Norman Perrin
Norman Perrin (Dec 6, 2024 15:07 GMT)
N. Perrin Trustee
28 October 2024
Page 7
Westwood 2015 Limited Statement of Cash flows for the year ended 31 March 2024
| Cash flows from operating activities Net income/(expenditure) per Statement of Financial Activities Adjustments for: Depreciation of property, plant and equipment Dividends, interest and rents from investments Decrease in trade and other payables Net cash used in operating activities Cash flows from investing activities Dividends, interest and rents from investments Net cash from investing activities Net cash from financing activities Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year Components of cash and cash equivalents Cash and bank balances |
2024 £ 5,150 1,270 (60,290) - (53,870) 60,290 60,290 - 6,420 25,533 31,953 31,953 31,953 |
2023 £ (7,452) 1,270 (44,485) (70) |
|---|---|---|
| (50,737) 44,485 |
||
| 44,485 | ||
| - | ||
| (6,252) | ||
| 31,785 | ||
| 25,533 | ||
| 25,533 | ||
| 25,533 |
Page 8
Westwood 2015 Limited Notes to the Accounts
for the year ended 31 March 2024
- 1 Accounting policies
Basis of preparation
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 Companies Act 2006.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
Fund accounting
-
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
-
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
-
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
Income
-
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
-
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
-
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 9
Westwood 2015 Limited Notes to the Accounts
Expenditure
-
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
-
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
-
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
-
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
-
Other expenditure These are support costs not allocated to a particular activity.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Computer Equipment 33.33% straight line
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
2 Company status
The company is a private company limited by guarantee and consequently does not have share capital.
Page 10
Westwood 2015 Limited
Notes to the Accounts
3 Statement of Financial Activities - prior year
| 3 Statement of Financial Activities - prior year |
|||
|---|---|---|---|
| Income and endowments from: Donations and legacies Other Total Expenditure on: Raising funds Charitable activities Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 4 Income from donations and legacies 5 Other income |
Restricted £ 3,364 3,364 Restricted £ 60,290 60,290 |
Restricted funds 2023 £ 7,372 44,485 51,857 4,438 53,601 1,270 59,309 (7,452) (7,452) (7,452) 33,622 26,170 Total 2024 £ 3,364 3,364 Total 2024 £ 60,290 60,290 |
Total funds 2023 £ 7,372 44,485 |
| 51,857 4,438 53,601 1,270 |
|||
| 59,309 | |||
| (7,452) | |||
| (7,452) | |||
| (7,452) 33,622 |
|||
| 26,170 | |||
| Total 2023 £ 7,372 |
|||
| 7,372 | |||
| Total 2023 £ 44,485 |
|||
| 44,485 |
Page 11
Westwood 2015 Limited Notes to the Accounts
6 Expenditure on raising funds
| Fundraising trading costs 7 Expenditure on charitable activities Expenditure on charitable activities Governance costs 8 Other expenditure Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets General administrative costs Legal and professional costs 9 Net income/(expenditure) before transfers This is stated after charging: Depreciation of owned fixed assets |
Restricted £ 4,740 4,740 Restricted £ 49,114 2,238 51,352 Restricted £ 1,270 242 900 2,412 2024 £ 1,270 |
Total 2024 £ 4,740 4,740 Total 2024 £ 49,114 2,238 51,352 Total 2024 £ 1,270 242 900 2,412 |
Total 2023 £ 4,438 |
|---|---|---|---|
| 4,438 | |||
| Total 2023 £ 51,631 1,970 |
|||
| 53,601 | |||
| Total 2023 £ 1,270 - - |
|||
| 1,270 | |||
| 2023 £ 1,270 |
Page 12
Westwood 2015 Limited Notes to the Accounts
10 Trustee remuneration and expenses
One or more of the trustees has been paid expenses in the current or prior periods.
2024 2023 Number Number Number of trustees paid expenses 3 3 The nature of the reimbursed expenses The majority of the expenses during the year were paid for by the trustees personally which is the reason why the reimbursed expenses look disproportionate to overall costs. Controls within the charity mean all bank payments, including reimbursements, require two signatories. Since the year end the charity's bankers have issued a debit card which will mean expenses paid to Trustees will significantly reduce in future years.
| Total expenses reimbursed to trustees 11 Tangible fixed assets Cost or revaluation At 1 April 2023 At 31 March 2024 Depreciation and impairment At 1 April 2023 Depreciation charge for the year At 31 March 2024 Net book values At 31 March 2024 At 31 March 2023 12 Creditors: amounts falling due within one year Trade creditors Accruals |
£ 33,507 2024 £ 60 1,320 1,380 |
Computer Equipment £ 3,810 3,810 1,793 1,270 3,063 747 2,017 |
£ 27,670 Total £ 3,810 |
|---|---|---|---|
| 3,810 | |||
| 1,793 1,270 |
|||
| 3,063 | |||
| 747 | |||
| 2,017 | |||
| 2023 £ 60 1,320 |
|||
| 1,380 |
Page 13
Westwood 2015 Limited Notes to the Accounts
13 Movement in funds
| Restricted funds: Restricted income funds: Total Unrestricted funds: Total funds 14 Analysis of net assets between funds Fixed assets Net current assets 15 Reconciliation of net debt Cash and cash equivalents Net debt |
At 1 April 2023 26,170 26,170 26,170 |
Incoming resources (including other gains/losses ) £ 63,654 63,654 63,654 At 1 April 2023 £ |
Resources expended £ (58,504) (58,504) (58,504) Restricted funds £ 747 30,573 31,320 Cash flows £ |
At 31 March 2024 £ 31,320 |
|---|---|---|---|---|
| 31,320 | ||||
| 31,320 | ||||
| Total £ 747 30,573 |
||||
| 31,320 | ||||
| At 31 March 2024 £ |
||||
| 25,533 | 6,420 | 31,953 | ||
| 25,533 25,533 |
6,420 6,420 |
31,953 | ||
| 31,953 | ||||
| 16 Related party disclosures Name of related party Estone Associates Description of relationship between the parties Consultancy firm run by one of the trustees Description of transaction and general amounts involved Purchase of office furniture of £835 (2023 - £Nil) Controlling party |
Page 14
Westwood 2015 Limited Detailed Statement of Financial Activities
for the year ended 31 March 2024
| Income and endowments from: Donations and legacies Other Total income and endowments Expenditure on: Costs of other trading activities Total of expenditure on raising funds Charitable activities Governance costs Total of expenditure on charitable activities General administrative costs, including depreciation and amortisation Depreciation of Computer Equipment Sundry expenses Legal and professional costs Other legal and professional costs Total of expenditure of other costs Total expenditure Net gains on investments Net income/(expenditure) |
Restricted funds 2024 £ 3,364 3,364 60,290 60,290 63,654 4,740 4,740 4,740 49,114 49,114 2,238 2,238 51,352 1,270 242 1,512 900 900 2,412 58,504 - 5,150 |
Total funds 2024 £ 3,364 3,364 60,290 60,290 63,654 4,740 4,740 4,740 49,114 49,114 2,238 2,238 51,352 1,270 242 1,512 900 900 2,412 58,504 - 5,150 |
Total funds 2023 £ 7,372 |
|---|---|---|---|
| 7,372 | |||
| 44,485 | |||
| 44,485 | |||
| 51,857 4,438 |
|||
| 4,438 | |||
| 4,438 51,631 |
|||
| 51,631 | |||
| 1,970 | |||
| 1,970 | |||
| 53,601 1,270 - |
|||
| 1,270 | |||
| - | |||
| - | |||
| 1,270 | |||
| 59,309 - |
|||
| (7,452) |
Page 15
Westwood 2015 Limited Detailed Statement of Financial Activities
| Westwood 2015 Limited Detailed Statement of Financial Activities |
|||
|---|---|---|---|
| Net income/(expenditure) before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
5,150 - 5,150 26,170 31,320 |
5,150 - 5,150 26,170 31,320 |
(7,452) - |
| (7,452) | |||
| 33,622 | |||
| 26,170 |
Page 16
Westwood 2015 Limited Independent Examiners Report
Independent Examiner's Report to the trustees of Westwood 2015 Limited
I report to the charity trustees on my examination of the financial statements of Westwood 2015 Limited for the year ended 31 March 2024.
Responsibilities and basis of report
As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.
Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in accordance with section 386 of the 2006 Act ; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
-
the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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 financial statements to be reached.
Martin Bown ACMA My Management Accountant 3M Buckley Innovation Centre Firth Street Huddersfield
HD1 3BD 28 October 2024
Page 0