REGISTERED CHARITY NUMBER: 258427 tsrt of the Trustees and ited FlnAncI I Stltements for the Year Ended 31 D¢¢ember 202.1 for The West W•tch Trst Peter l.lodgson & Co. Chartered Accountallis Shadwcll House 65 Lower Green Road TunbridgFe Wells KrJJL
Tht West WAteh Trust Contents of the Finaneisl Staiennts for the Year Ended 31 December 21123 Page Reference #ttd Adrnlnlstrldvt Detglls Report of the Trnstee5 Independent Ex¥Jminer's R¢port Ststement of FiNaThci81 Aetlvlties Ststement of Finantl81 Posltio Notes to the Finantl81 Sttements 7 to 12 Detslled Statement tyf Financlal Aetiviti 13
The West Wateh Trust Re ort of the Trustees t Ye8r Ended 31 Decetthr 20 ror The r]nancial statements have been prepar in accordaoce with the ac¢ountin8 policies s¢t out in note I to the accoun and comply wilh the charitys trust de, the Charitie5 Act 2011 and Accouniing and Reportitig by Charities.. Sthiement of Recommcllded Pra¢tice applicable to charities preparing their account5 in accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland (FRS 102). OWECTIVES AND ACTIVITIES ObJecilve5 #nd g1rn5 PrlnclpAI ObJe£tlves The principal objects of the tnjst are.. The advancement and promotion of the Christian faith; To apply the st funds tow•rds the cost of equipmen¢ maintenance, repair. in5UTJn¢e and upkeep of such place or pla¢es used by the charity for its objects: and To apply the triist fimds as the trnstees think fit in promoling the operation of such pla¢cs a ChriKian centr¢. Activities The tnLSt achieves its objectives by providing accommodation for Christian W0eTh groups and others to resl relax, plan, pray and spend lime with God and each other in beauti1 ¢ountsyside ai atTordable prices. Publlc b¢neflt The trustees confirni that they hove referred io tbe Cbarity Con)n]ission's guidan¢e on public benefit wben reviewtng the Tn¢$ aims and objebt1¢S tn planning tre aLtiviti¢s and in tnaking derisions during th¢ year. Tht activities furtheT the Lhartty's purposes for the publie benefit. ACIIIEVEMENT AND PERFORMANCK Charitable activitfies The activitie5 and perfornlance for the year are sumrywised.. Thc Ccntrc opened again in April 2021 after the various CoronAvorus lockdowjs during 2020. After a slow start in 2021. the level of bookings in 2022 back to pre-covid levels. The new w7rd¥ns ar¢ now settled into their new role and are WOTking out well. FINANCIAL REVIKW Financial po$itiOJb During thc yeaT, the irt¢ome of the tywt was £69,548 {2022.. £44,846) deriv¢d from donations, aid tsx re¢tsvere41, bank interest and fees from guests. The ex]Kllditure £71,421 (2022: £61.819), resulting in a deficit for the year of £1,87312022'. £16.973). The trustees are happy to provide tbe use of the fa¢i]ities at West Watch itrespeetive 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 Trust meets this deficit. Meetings of the Edwatkls Skinner Ch8ritsble Trust are held on the me day as those of the West Watch Trusi #Jjd Lonsideratioii is given io ihe nee<1 for a grani at ea¢h meeting and between tneetings if the need arise Page I
The W W'4teh Truit Re rt t)f the Trys¢ees ror the Year ETrded 31 DeceDkn 2023 FJNANCLIL REVIEW Rlsk managettnt The trustees have T¢viewed the risks to which thcy consider the trust to be suscepiible. The Injstees 41nd the wardells are keen to mlTls¢ the use of the prcrni5e. This is done by word of mouth and by an annual letter froTll th¢ 7rdenS to fomier visitOTS alld frien(Ls, includig conta¢ts established by the benefactor. The guest5, ability to pay is not of prime impor&qnce. A slalement IS PTepaTed by the wardens for each tnjstee meetiDg of anticipaied property maintetjance and pmposals for unprovements which aids budgetin8 and the trustees, concern lor the health, s&feiy and cornfort of and gll¢sts'. Progre&s is reviewed ai each meeiing. Professional advi¢¢ 15 taken w,here appropriate including mattets relating to insurance cover and fire precaut20ns. Reg¢rvu pollcy The trust¢¢s aim to keep the level of reseryes at 4 level sufficient to maintsin the day-to-day nnIng of the tW8t ftir one or two rnonths, which is beÈweeD £3,OW and .[)0. The ttreS of the Edwards Skinner Charitable TTltst have agreed support the West Watch 'fnLSt in to daY-tsdaY aciivitics and the maintenan¢e of the properti¢s leased frorn th¢ Edwards Skinner Charitsble Tnt. FUI"URE PLANS The tnte¢S and thc warden$ wish to rontinue to look for w7y5 to maximi% the use of the premises. The re41c5ign of the eentre has provided an area 5uitsble for day visitors to Use during the week and it is boped tbat the number of day and mid-week tK)okiDgs tnay be in¢re&sed. STRUCTU COVERNANCE AND MANAGEMENT GowerNing docllmeol The charity ig t()ntr()Iled by its governing do¢ument. a deed of mjst and constitutes an unincorporai¢d chwity. Th¢ d¢claTation of ttwt was dated 6 October 1968. Charlty eonstitution Reference and Admlnlstrfitlve Information Registered Charity Number 258427 Pn'ncipal Office 15 Wilman Road Tunbrtdge Wells, Kent TN4 9LT Trustee5 Thc trustees who served througbout the year and to the date of the sign&turt of thi5 report B M O'Driscoll Ichairman) J A Ansiead l A P Wi150n WArdens Ash Heather Kauffin8n Trustee The truswes nornully illeet four tirne5 a year. eitber at West Watch Cottages or elsewher¢, bui retain tbe llexibiliiy 10 meet more often as occasioD deTnands. Ail decisions are recorded in the minu*8. The trustees are in contsci with the W3rd¢tJs infvrmally on matters conccrnin¥ Ihc daily activitie5 of the trust. Day-to-day decision fD&kin¥ 15 entrust¢d 10 th¢ employed wonlcns with th¢ trtl¢es thking ultimaL¢ responsibility. PaEe 2
Tht West W*tch Try51 Re ort of the'frustees ror the Year Ended 31 Decenhber 20Z3 STRUCTURE, GOVERNANCE AND MANAGEMENT Inductfion 8nd tralnlng ofllew trustees Potential new uijstees are generally people knowD io one or more of the exisung irnstees and who have all area of oxpcrti5e to offer the tnLst and who have 5ytnwhy wilh its aim5 Y4lld objectives. If all the trustees are in unanimous agreement, the potential tswtee 15 approached aniL if inteTe5ted Invited to attend a Theetin& as an observer in the first nsiance. After appointtnent. new trusiees leam more about the work and, when appropriate. are given an area of responsibility in the nmning of the tnjst. Key m8nagement TemunerntloD No remuneraiion is paid to any of thc trustffs. Expenses incurred on behalf of the Int rehmbursed. Approved by ord¢T of the board of tnjstees on.......... ..... and signed on its behalf bj.: B M O'Dri5coII-"I'TUSte¢ Page 3
Inde endent Exminer's Re rt to the Trustees of The West Watch TruBt Independent ex&mhner's report to the tr115tees of The West Wt¢h Trn51 I report to the ¢hariry tNst¢es on my exarnination of the a¢counts of The W&8t Watch Tht (the Tt) for the y¢ar ended 31 December 2023. Responyibilitie5 b1& of report As ihe charity tntte5 of the Trust you are Fespollsiblc for the preparntion of the accownts in accordanee with th¢ requir¢ments of the C]]aritie5 Act 2011 (Ihe Act?. I report in respect of rny examination of the Tn]st'5 Cots carried out und¢r Section 145 tsf the Act and in carrying out my examination I halt followed all applicable Directions giv¢n by thc Charity Commission under Section 145(5)(b) of the ACL. IDdepepdent examiner's 8tAtement I have completed rny examinaiion. I confirm thai no material rnatters have come to my attention in connection with the examination ¥ivin¥ me cause to believe thai in any rnaterial respect.. accounting records were noi kept in respect of the Trust as required by Section 130 of the Act. or the accounts do not accord those records- or the a¢cLiunts. do not comply with the applicable requirements coneerning the forni artd eontellt of awounts out in the Charities IA¢¢ounts a[ Reports) Regulanons 2008 o¢her than any reqvirernent that the accounts 8ive a true aDd fair view which is not a matter considered as part of an independeni exatiunation. I have no concerns and have come acr055 no other matrers in eonnection with the examiTyation to whi¢h attention should be drawm in this reFrf)rt in order to enable a proper und¢r5tandiThg vf tht accounts to be reach¢iL Aidan Smytb ACA The In5tituie of Chartered Accountsnts in England and Wales Peter Hodgson & Co. Chanered Accountsnis Shadwell House 65 Lom'er Green Road TLLnbridge Wells Kent TN4 8TW D&te'. Page 4
The West Watch Trust 8tatemen¢ of Financi*l Aetlvities f r the Ye8r Ended 31 December 21123 2023 UDrestricied fut 2022 Total funds Note5 NCOME AND Ef4DOWMEf4TS FROM DoDations and legacies 69,027 44,333 Investment income 521 513 Totsl 69,548 44,846 EXPEIYDITURE ON Raising funds 2,845 2,636 CIL#rltable 4¢ilvltle5 Cbaritable Activitie5 68,576 59.183 Tot&1 71,421 61,819 NET INCOMEI(EXPEL¥DITURE) (1.873} (16.9731 RECONCILIATION OF FUNDS Total fid$ brought forward 5.880 22.853 TOTAL FUNDS CARRIED FORWARD 4,007 5,880 Th¢ not¢5 form Part of these fioan¢ial st8i¢m¢DI8 Page 5
The West W'atch Trust Statement of Fln#n¢ial Posltlon 31 Dttember 2023 2023 Unrestricted fid 2022 Total (und% Note5 FJXED ASSETS Tatjgible assets 10 2,850 CURRENT ASSETS Debtors C&sh at bank 757 3,853 659 7.303 4,610 7,962 CREDITORS Amounts falling due wiihin one year 12 {3,453) (2.0821 NETCURRENT ASSETS 1,157 5.880 TO'I'AL ASSETS LESS CURRENT LIABILITIES 4.007 5,880 NET ASSETS 4.007 5.880 FUNDS UnrestriLrted funds 13 4.007 5.880 TOTAL FUNDS 4,(X)7 5,880 The fina ia 5tatenwth were approvcd by thc Board of TJu5tees and authortsed for issue ..L.*.. ..... .................... and W.¢ Signed on it5 behalf by.. on B M O'Driscoll- Trustee The notes fomi part of these financial statements P¥A8r 6
The West W4teh Trust Noie$ to the Fln8neial Statemtnts or e Year E ded 31 December 2112 AccouNfING POLIC$ Basls ofpreparkng the ftknanclgl sttenwDts The financial Stsiements of the elwrity, which is a public benefit entity under FRS 102, have been prepared in ccordance wth the Charitie5 SORP {FRS 102) 'Ac¢ounting and Reporting by Chajities.. Statement of R¢commeiided Practice applicable to charitie5 prwbring their accounts in accordanc¢ with the Financial Reporting Stslldard applicable in the UK and Republic of Ireland {FRS 102} {effective l January 2019),, Financial ReportlDg Stsndard 102 The Financial Reporting Stsndard applicable in the UK and Republic of IrelaDd' and the Charities Act 2011. The financial statem¢nts have b¢en prepar¢d under the historical cost conv¢rbtion. 1CoMe All in¢orne is reco8nised in the Statement of Financial Aciivities once the charity has entitlemenl to the fund& it is probable that th¢ ineome will be recehved and the amount can be measured reliably. All income i5 wognised once the Charity has entitlement io the income, th¢Te 15 suffi¢icnt certainty of receipt and so it is probable that the income will be received, and the amount of income receivable can be measured reliably. Deposits received in advance of visits to the properties are cwried fonvard and credited when pa)mxnt is due. IlleSt on funds held on deposit is included upon notification of the interes¢ paid or payable by the bank. Espendlture Liabilities are re¢o&Jised as expenditure &$ soon as there is a legal or ConstrtiVe obligation Committing the ¥harity to that exp6Dditure. It l5 proble that a transfcr of Ecortomic benefits will be required in settlement and the amouTbt of rhc ObligtIon can be M¢aSUr Teliably. ExpenditUTe is accoullted for on an ac¢nls basis and has been classified under headings that a8gregaie all cost related the caiegi)ry. Where costs canDOt be directly aitributed to particular headings they have been allocatrd io a¢tiTrities on a basi& consistent with the use of r¢sourLes. vernance costy (iovlrnaiicc Costs COTllPriS¢ all ¢osts involving the publi¥ aountabl11ty of the Lharity and its compliance with regulation attd prdctiee. These costs iticlude costs related to Ibe indepeDdent examination and trustees expertses. Tallglble fixed 855tts DepreLiation is provided at the following annual rdtes in order to write off each asset oTrer its e5tiTnated useful life. Plant a[ tnachinery 25°/o on reducing balallce T8xAtioD The chariiy is ¢X¢TnPt from tax on its charitable activities. Fund accountlDg Unr¢strict¢d fidS be used in accordancc with the cbaritable objectives at the discretion of the tswtees. Re51riCted fund5 can only bc used for particular restricted purposes wirhin the objects of the charity. Restrictions arise when spe¢if1¢d by the doTKkr or when funds are rdised for p3rti¢ular rcstricted purposes. P¢n$iott costs aThd other p05t-rrfiren)tnt ben¢flts The ¢harity operaies a d¢fin¢d corttribulion pension scherne. CoDtribut20115 payable to the e]Jarity's pension scheme are charged to tb¢ Statement o£Financial Activities ill the period ¢0 which tbey reldie. Page 7 contittued...
The W¢s¢ W'at¢h Tr 5t Note5 to the Financial Staten*nts- contlnu ror tht Yexr Ended 31 DtceDther 2023 AccouNfiNG POLICIES- continued Rettrement beneflts Tbe cost of the pension contTibution5 are included within charitable actity costs and these are accounted for on the basis of coiirributlOll5 payable in the year. The Tnt ha5 no liability beyond makin8 its ¢ontributions. The Trst therefore has no liability for final pension provision of its 51aff. DONATIONS AND LEGACIES 2023 2022 Gifts aTKI donations Gifts froTr] the Edward5 Sktnnercharitable TnLSt Gift aid 31,227 37.800 29.060 15.000 273 69.027 44.333 INVESTMENT INCOME 2023 2022 Rents frorn grazing Deposii account interest 500 21 500 13 521 513 RAISINC FUNDS RA151ng donations and leg8ei 2023 2022 Support costs 2,845 2.636 CHARITABLE ACTivrriES COSTS Direet Custs Cbaritable Activitics 68.576 Page 8 continlled...
The West W$tth Trnst Notes to the Flnancial St#tement$- contlnued for tbt Ytxr Ellded 31 December 2023 SUPPORT COSTS Governance ¢osts Finance Totals Raising donations and legacies 60 2,785 2,845 TRUSTEES, REMUNERATION Af4D BEf4EFITS There were no ttee$, remuneration or other ben¢fits foT the year ended 31 De¢¢mber 2023 nor for the year ended 31 De¢¢mber 2022. Tru5tee5 expenses Trust¢e5' expenses paid for the year endcd 31 Dec¢mber 2023 aJTh)unted to £2212022 .. £22) STAFF COSTS 2023 2022 Wages and arleS Other pension costs 35,768 2,716 35,225 1.125 38,484 36,350 The aveTage mortthly numberof ¢mploy¢es during thr year wa5 &s follow5.. 2023 2022 Warden & administrdtio No employe¢5 received emolthnents in excess of £60,000. COMPAIL4TIVES FOR THE STATEMENT OF FINANCIAL AcfIviTILS Unre*tricted fund INCOME AND WNDOWMENTS FROM Donations and legdcies 44.333 Investment income 513 Tot81 44.846 EXPENDITURE 01 Raisin¥ fillS 2.636 Charitable Activitle5 Cbaritable Aciivities 59.183 Total 61,819 NET INCOMEJ(EXPENDITUREI {16,9731 Page 9 contLILUed...
The West Wateh Trust Notes to the Financial Statemethts- tontinued for ¢be Ye8r Ended 31 December 2 COMPARATJVES FOR THE STATEMENT OF FINAT4CIAL ACTIVITIKS- ct)nthiued UDrestricted fid RECONCILIATION OF Fuf4DS Totsl fwtds brought fonvard 22,853 TOTAL FUTrIDS CARRJED FORWARD 5,880 io. TNcIBLE FIXTD ASSETS Plant aT rnachinery COST AdditioJkS 3,800 DEPRECIATION Charge (oryear 950 NET BOOK I'ALUE At 31 December 2023 2.850 At 31 Decemb¢r 2022 ii. DEBTORS: AMOUNTS FALLING DUE IITfHtN ONE YEAR 2023 2022 Other debtors 757 659 12. CREDITOILS: Amoupffs FALLlTriG DUE WITHIN ONE YEAR 2023 2022 Other ¢reditors 3,453 2.082 13. MOVEMElYt IN FUNDS Net movement LD fi]nds Ai 31.12.23 At 1.1.23 Unrestrlcted funds General fuDd 5,880 (1.8731 4.007 TOTAL FUNDS 5,880 11,8731 4.(M)7 Page 10 coniinued..
The West W'atch Trust Note5 to the Financial Statements- contlnued for tbc Year EDded 31 Decemb¢r 2023 13. MOVEMENT IN FUNDS- contlnuod Net Tnoverneni in fithd4 included in the atrK>Ye ar¢ as follows.. tAcomhng resources Re%ource expended Movement in funds UDrestrlcted funds G¢neTal fulld 69,548 (71,421) {1.873) TOTAL FUNDS 69.548 (71,421) (1.873) Comparatlves for tnovemejht In Net ovement it) funds At 31.12.22 At 1.1.22 Unrestrlfted fuDds General fund 22.853 (16,973) 5.880 TOTAL FUNDS 22.853 (16.973) 5.880 Comparative ttet movement in fullds, included in the above are &s follows.. Incoming resour¥e& Re50urcc$ ¢xpcndcd Movcment in funds Unrestrlcted fund5 Gentr fuDd 44.846 {61,819} (16,9731 TOTAL FUP4DS 44,846 161.8191 116,973) A ¢uttent year 12 months and prior year 12 months combined positioll is as follows.. Net movement in fLmds At 31.12.23 Ai 1.1.22 Unrestricted funds General fund 22,85J 118,8461 4.007 TOTAL FUNDS 22.853 118.8461 4.007 Pagell colltitsued...