REGISTERED CHARITY NUMBER: 258427 Re ort of the Trustees #nd Unaudited FiDan¢ial Statements for the Year Ended 31 De£¢mb¢r 2022 for The W¢$t Watch Trus( Peter Hodgson & Co. Chartered Accountants Shadwell House 65 Lowei. Green Road Tunbi'idge Wells Kent TN4 8TMI
The West W tch Tru$t ConteDts of the FinaThcial Statements ror the Year Ended 31 De£ember 2022 Pag¢ Reference and Admintstratlve Detalls Report ofthe Truste IndependeDt Examlner's Report Statement of Flll¥nelal A¢tivities Stattm¢nt of Finon¢i41 Position Notes to the Financi41 St4l¢tn¢nts 7 10 12 Detailed St4teJNent of Financial Activitl 13
Tbe West Watch Trust Re ort of the Trustees for tbe Y¢or Ei nded 31 Deeember 2022 The fiTJan¢ial ststements have been prepared in arKordanc¢ with th¢ accounting poli¢i¢s set out in note I to the accounts and Comply with the charily's trust deed, the Charities Act 2011 and Accounting and Reporting by Charilies.. Statement of R¢¢ommended Practice applicable to charities preparing their accowils in rdance with the Financial RetK)rting Standard appli¢able in the UK and Republic of Ireland (FRS 1021. OBJECTIVES AND ACTtVlTIES Objectives aRd aiEns Prlnclp81 Objectlv¢s The principal objecls of th¢ m]s¢ are.. The advancement and promotion of the Christian faith; To apply the trust funds towards the Cost of equipment, maintenance, repair, insurance and upkeep of such place or places used by the charity for its objects: and To apply the trust funds as the trusl¢e5 thitjk fit in promvting Éhe operation of subb places as a Christian ¢entr¢. Activities The trust a¢hieves its objectives by providing acwmtnodation for Christian workers, groups and others to rest, relax, plan, pray and spend time with God and ¢a¢h other in beautiful countyside at affordable prices. Public benefit The trustees confirm that they have referred to the Charity CornmisslOll'5 guidan¢e on public benefit when reviewing the Th15t'5 aims and obj¢ctives, in planniTrg future activitie5 and in making de¢isÉons during the year. The activities further the ¢hariWs purposes for the public benefit. ACHIEVEMENT AND PERFORMAIYCE Charitable activities The activities and perfoTman¢¢ for the year are summarised: The Centre opened again in April 2021 after the various Coronavorns lockdowns during 2020. Aft¢r a slow start in 2021, the level of booking5 in 2022 was back to pre-covid levels. Th¢ new wardens are now settled into th¢ir new role and are working out well. FINANCIAL REVIEW FiDAnelal posttlon During the year, the income of the trust was £44,846 (2021.. £71,008) dertved from donations, gift aid tax recovered, bank int¢r¢s¢ fees from guests. The expenditur¢ was £61,819 {2021: £55,738, resulting in a deficii for the year of £16,973 (2021: Surplus £15,270). The trustees ar¢ happy to provide the use of the lacilities at West Watch irresp¢otive of the ability of guests to pay. Therefore, it is anticipated that resources expended will exceed incoming resources and the support of the Edwards Skinner Charitable TTUSt tneets this deficit. Meetings of the Edwords SkiEJner Charitrable Trust are held on (he same day as those of the West Watch Trust and consideration is given to the J)eed (or a grant at each meeting and between meetings if th¢ n¢¢d arises. Page I
The West W4t¢h Trust Re ort of he Trustees for the Year End¢d 31 Deeember 2022 FINANCIAL REVIEW Risk Managernent The trnstees have reviewed the risks to which they consider the trust to be susceptible. The trustee5 and the wardens are keen to maximise th¢ use of the premises. This 15 done by word of mouth and by an annual letter froin the wardens to fomer visitors and fri¢nd5. including contac18 established ty the benefador. The guests, ability to pay is not of prim¢ importan¢¢. A statemenl is prepared by th¢ wardens for each tru¢¢ meeting of anticipated prop¢rty maintenance and proposals for improvements which aids budgeting ar)d the INstees' concern for the h¢alth, safety and comfort of staff and guests. Pmgre5s is reviewed at each meeting. Professiotyal advic¢ is taken v/here appropriate ineluding matteTS relating to in$uTrnce cover and fwe precautions. Reserves pollcy The trllstees aim to keep the level of reserves at a l¢v¢l sufficient to maintsin the day-to-day njnning of the trusi for one or iwo months, whi¢h is between £3.000 and £5,000. The trust¢e5 of the Edwards Skinner Charitable Trust have aeed to support the West Watch Trust in tt]re to meet day-to-day aotivities and the maintenance of the properties leased from the Edwards Skinner Charitable Tnjst. FUTURE PLANS The trustees and the wardens wish to continue to look for ways to maximise the use of the premises. The rc-design of the centre has provided an area suitable for day visitors to use during ihe week and it is hoped that the number of day and mid-week bookings may be in¢r¢ased. At April 2022, the cottages knd Centre are both open but bookings have reduced from pre- pandemic lev¢ls ¢5pecially for groups coming to the Centre. STRUCTURE. GOVERNANCE AND MANAGEMENT Governlng doeument The charity is controll¢d by its governing documenL a deed of trust and conslithtes an unincorpornted ¢harity. The declara(ion of trusi was dated 6 October 1968. Charity coDsti¢ution Reference And AdmiNi$trative Information Regisler¢d Charity Number 258427 Prin¢ipal Office 15Wilman Road Tunbridg¢ W¢ll5, K¢nt TN4 9AJ Trust¢e5 Th¢ tru5t¢e5 who served throughout the year to ihe date of the signature of this rq)ort were.. B M O'Dris¢oll (Chaiiinan) J A Anstead l A P Wilson Wardens Ash and Heaih¢r Kauffman Page 2
The West Watch Trusl Re ort of the Trustees for the Year Ended 31 December 2022 STRUCTURE, GOVERNANCE AND MANAGEMENT Trustees The trustees nomially meet four times a year, either ai W¢st Walch Cottage5 or elsewhere, but retain the flexibility to meet more ofteD as occasion demands. All decisions are re¢ord¢d in the minutes. The trLlStees are in contact with th¢ wardens infom)ally on rnatt¢rs conceming the daily activities of (he trust. Day-lo-day decision making is entTUSted to Ihe ¢mployed wardens with th¢ trusl¢es takinbi uliimate responsibility. Indlletlon training of D¢w trustees Potential new trustees are gen¢rally people known to one or moTe of the exisling trustees and who have an area of expertise to olTer the trust and who have sympathy wi(h its aims and objectives. If all th¢ trusl¢es are in unanimous agTeeTn¢n( the potential trustee is approached and, if interested, invited to attend a meeting, as an observer in the first instance. After appointmenL new trustees learn more about the trust's work and, when appropriate, ar¢ 9'ven an area of responsibility the running of the trust. Key manA¥emeot remuDeratlon No remuneration is paid to any of the tNstees. Expens¢5 incurred on behalf of the trusl are reimbursed. Approved by OTder of th¢ board of trustees on ............. .¥...-...... and signed on its behalf by.. M O'Driscoll- Trustee Page 3
Inde endent Exajlliner's Rt ort to the Trust¢¢s of The West Watch Trust Independent examiner's report lo the trustee5 of The West Wat¢h Trust I report to the charity trustees on my exainination of the uccount5 of The West Watch Trust (the TSt) for ihe year ended 31 December 2022. Responsibilities basis of report As the charity trustees of the Trust you are r¢sponsible for the preparation of tbe a¢counts in accordan¢e with the requirements of the Chartli¢s Act 2011 ('the Act,). I report respect of my examination of the Thst's accounts ¢arried out under Sc¢tion 145 of the Act and in carrying out my exkmination I have followed all applicable Direction5 given by the Charity Commission under Section 145{5)(b) of the A¢1. Independent examiner's staternent I have completed my examination. I confimi that no material matters have ¢ome to my attention in connection with the examinalion giving me cau5¢ to believe that in any iDaterial respect.. accounting records wer¢ not kept in respect of the Thst as requir¢d by Section 130 of the Act. or the accounts do not accord with those r¢¢ord5' or the accounts do not comply with the appli¢able requtrements ¢onc¢rning the fom and content of account$ se¢ out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement ihat 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 acros5 no other matters in cotme¢lÉon with the examination to which attention should be drawtt in this report in order to enablc a proper understanding of the accounts to be rettched. Aidan Smyth P¢t¢r Hodg50n & Co. Chartered Accountants Shadwell House 65 Lower Green Road 'runbridge Wells Kent TN4 8TW Date.. Pag¢ 4
The West Watch Trll8 Statement of Flna rE ial Ae¢iviti¢$ 2022 Unrestricted fund 2021 Total funds Not¢5 INCOME AND ENDOWMENTS FROM Donations and legacies 44.333 14.834 Ch*ritAbl¢ actlyitles CoroE]aViTUS & JRS grants 55,672 Investment income 513 502 Totgl 44.846 71,008 EXPENDITURE OIY Raising fijnds 2,636 1,329 Charitable activities Charitable Activities Totsl r+lET INCOMEI{EXPENDITURE) (16,973) 15,270 RECONCILIATION OF FUNDS Total funds brought fotivard 22,853 7,583 TOTAL FUNDS CARRIED FORWARD 5.880 22,853 The note5 form port of these financial statements Page 5
The West Watch Tr t8ternent of Fin*nelal Posltk>n 31 December 2022 2022 Unrestricted fund 2021 Total funds Notes CURRENf ASSETS Debtors Cash at bank and in hand 659 1,081 7,962 26,442 CREDITORS Amounts falling due within one year 12 (2,082) (3,589) NETCURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES 5,880 22,853 NET ASSETS 5,880 FUNDS Unr¢stri¢¢¢d funds 13 22,853 TOTAL FUNDS 5,880 The f nci 5t4Èemenls were approved by the Board of Trus¢ees and authorised for issue on lJ.l.%........... and were signed on ils behalf by.. B M O'Driscoll- Trustee The notes form part of ihese financiol statements Page 6
The West Watch Tru Notes to the Flnkneial Stattmen for the Year End¢d 31 D¢¢¢mber 202 ACCOUNTING POLICJL Basis of preparing the financial statements 11Je financial statements of the charity. which is a public bcnefit entity under FRS 102, have been prcparcd in accordance with the Charittes SORP (FRS 102) 'Accounting and Reporting by Charities- Statement of Recomm¢nded Practice kpplicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporhng Standard 102 'The Financial Reporting Slandard applicable in the UK and Kepublic of Ireland, and the Chariti¢5 Act 2011. The finat)cial statements have been prepared under the historical cost convention. Ineome All income is recognised in the Ststem¢nt of Finan¢ial A¢liviti¢s once th¢ ¢harity has entitlement to the funds, it is probable that the income will be Te¢¢iv¢d and the amount can be m¢osur¢d reliably. All income is recognised once the charity has entltlement to the incorne. there 1$ suffici¢nt certainty of receipt and so it is probable that the income will be TKeived, and the amount of inc(Trme r¢¢eivable can be measured r¢liably. Deposits rcceivcd in advance of visits to the properties are carried forward and credited whet) payment is due. Interest on fidS held on deposit is included upon notification of the interest paid or payable by the bank. Expenditure Liabilities are rccognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that ¢xpenditure, it is probable that a transf of economic benefits will be required in settlement and the amount of ¢h¢ obligation can be measured reliably. Expenditure is accounted for on an accruals basis and ha$ been classified under headings ihat aggregk)te all cost related to the category. Where costs cannot be directly attributed to particular headings they hav¢ been allocated to activities ott a basis consistent with the use of resources. Governance costs Governance costs comprise all costs involvillg the publi¢ accountsbility of the charity and its compliance with regulatiot) and good practice. These costs include Costs related to the independent ¢X8mination and trustees exp¢nse5. Tgxation The charity is exempt from tax on its charitable activities. Fund aecounting Unrestricted funds Can b¢ used in #ecordance with the charitable objectives at the discretion of the trustee5. Restricted funds can only be used for partieular restricted purposes within the objects of the Charity. Restrictions arise wh¢n specified by the donor or when funds are raised for particular restricted Purposes. Further explanation of the nature and purp05¢ of each fvnd is ineluded in the notes to the financial statements. Ptnslon eosts other post-retlT¢emI benefits The charity operates a defined contriblltion pension scheme. Contributions payable lo the charitys pension scheme are charged to the Statement of frinan¢ial A¢tivitieg in the period to whi¢h they relate. RetiremeTht benefits The cost of the pension contributions are included within charitable activity oosts and thege are accounted for on the basis of contributions payable in the year. 'lThe Trust has no lÉabality b¢yond making lis contributions. The Tnkst therefore has no liability for final pension provision of ils Staff. Pag¢ 7 continued...
Tbe West Wa Trust Note5 to the Financlal Sl&tem¥nt$- continued for the Year E JI December 2022 DONATIONS AND LECACIES 2022 2021 Gifts and donations Gifts frorn the Edwards Skinner Charitable Truyt Gift aid 29,060 15.000 273 13,440 1,394 INVESTMENT INCOME 2022 2021 Rents from grazing Deposit account int¢r¢st 51 13 500 513 502 IP4COME FROM CHARITABLE ACTIVITIES 2022 2021 Aotivity Charitable Activities Comnavirus & JRS 8ranis 55,672 RAISING FUNDS Raisin¥ donations and legacies 2022 2021 Support costs lJ29 CHARITABLE ACTIVITIES COSTS Support cost5 {see note 7} Direct Costs Tothls Charitable Activities 59.183 Page 8 continu¢d...
The West Watch Trust r+lotes to the Financial Statements- eontlnued ror the Year Ended 31 Deeem Y 2022 SUPPORT COSTS Governance costs Finance Totals Raising donations and l¢ga¢i¢s 81 2,555 2,636 Trstee8, expenses 22 22 81 TRUSTEES, REMUNERA TION AND BENEFITS There were no trustees, remuneration or other benefits for the y¢or ¢nded 31 Dec¢Tnber 2022 nor for the year end¢d 31 Deeember 2021. Trustses, ¢xp¢n5e$ Thistees, expenses paid for the year tnd¢d 31 December 2022 amounted to £22 (2021 '. £nil) STAFF COSTS 2022 2021 Wages and salaries Other pension costs 35,225 30,520 The av¢rage monthly numb¢Yof ¢mployees during th¢ yeor wps as follows.. 2022 2021 Warden & administration No employees received emolument$ in ex¢ess of £60,000. io. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund INCOME AND ENDOWMENfs FROM Donations and legacies 14.834 Ch4ritabl¢ &¢tivitl¢s Charitable ActivitL¢S 55.6T2 Investment in¢om¢ 502 Total EXPENDITURE ON Raising funds 1.329 Page 9 ¢ontirtued...
The W st Watch Trust Note9 to the Financial Siatements- continued h¢ Year Ended 31 December 2022 io. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- CotInUed Unrestricted fund Charitable a¢tiYities Charitable Adivities $4,409 Total NET If4COME 15,270 RECONCILIATION OF FUNDS Totsl lld8 brought forward 7.583 TOTAL FUNDS CARRIED VORWARD ii. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 2021 Other debtors 659 1.081 12. CRKDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 2021 Other creditors 13. MOVEMEI ]YT IN FUNDS Net movement in funds At 31.12.22 At 1.1.22 Unrestrieted funds General fund 22,853 (16,973) 5,880 TOTAL FUNDS 16 973) Net movement in funds, iDclud¢d in th¢ above ar¢ as follows- Incoming resources Resources expended Movement in funds Unrestricted fuRd$ General fund 44.846 {61,819) (16,973) TOTAL FUNDS 61819) 16973) Page 10 continued...
The West Watch Trust Notes to the Financial St&temen(s- continued for the Year Ended 31 December 2022 13. MOVEMENT IN FUNDS- eontlnued Comparntlve$ for movement In fund5 Net movement in funds At 31.12.21 Ai 1.1.21 Unrestricted fMNds Generol fund 7.583 15,270 22,853 TOTAL FUNDS Compardtiye net movement in funds, included in the Above are as follow$: Incoming resources Resources expended Movemeftt in funds Unrestricted funds General fund 71,008 {55,738) 15,270 TOTAL FUNDS 55 738) A ¢urr¢nt year 12 months and prior year 12 months combined position is as follows.. Net mov¢M•Jt in fuTJds At 31.12.22 At 1.1.21 Unrestrieteij funds General fund 7,583 (1,703) 5,880 TOTAL FUNDS A current y¢ar 12 months and prior year 12 months combined net mov¢rn¢nt in funds, included in the above are as follows.. IEJ¢omtng r¢souYces R¢sourc¢s expended Movement in funds Umrestricled funds General fund 115,854 (117,557) (1,703) TOTAL FUNDS 115854 (117557) Pagell continued...
The West Watth Trst Notes to the Fithaneial Statements- Continued for the Year Ci nd¢d 31 De£ember 2022 14. RELATF.D PARTY DISCLOSURES Th¢ bSte¢S of the West Watch Trust are also tn]stees of the Edwards Skimier Charttable Trust. During the yeaT grants amounting to £15,000 w¢re received from Edwards Skinnex Charitable TNst (2021: £nil). Under an agreement dated 25 March 1969, the premises and grounds known as West Watch were demised by Miss D I Skinner to The West Watch Trust on a yearly tenancy at an annual rental of £1, if demand. Miss Skinner died on 30 May 1995 and under the temis of her Will, the premise5 and grounds at West Wat¢h were left to the Edwards Skinner Charitable 'frust. The previou5 tenancy agreement for Cottage5 1, 2 and 3, the Annexe (Zion) ond Dival$ field and Plantatton has been continued. Page 12
The West Watch Trnst Detailed Statement of Flnanelal A tiyilies for thc Year Ende4131 D mber 2022 2022 2021 INCOME AND ENDOWMENTS Donations and legacie5 Gifts and donations Gifts from the Edwards Skinner Charitabl¢ Trust Gift aid 29,060 15,000 273 13,440 44,333 14,834 Investmeiit income Rents from grazing Deposit accounl interest 500 13 513 502 Charitable aetivities Coronavirus & JRS grants Total IncomlTrg re50urees 44,846 71,008 EXPENDITURE Charltable aetlvltAes Wages P¢nsions Rates and water Insurance Light and heat Sundrie$ Household & property mainlenance Garden upkeep 35,225 1,125 3,087 1,740 7,305 221 9.852 606 30,520 1,270 3,469 1,159 3,131 632 11,597 1,193 59,161 52,971 Support CO8ts Finance Bank charges 81 97 Govern8nc¢ costs Trnst¢es' expenses Telephone & broadband Postage and stationery Travel Independent examiners, fees 22 647 89 219 781 178 273 2,670 Total re50urc¢s expended Net (expenditure)Ilneome 16,973) 15,270 This page does not fom part of the statutory financial statements Page 13