REGISTERED CHAIUTY NIFMBER: 258519 ort of the Truste audlied F clai Stat tb for the Ye*r Ended 31 December 2023 for The Edm'ards Skinner hxritsble T Peter Hodgson & Co. Chartered A¢courttants Shadwell House 65 Lower Green Ro8d -I-WIDild¥¢ wclls Kcni TN4 8TW The w*rd8 Sklnner harltsble Trust 'nlltetLt5 of the FI￿￿£18￿ ror the Year Ended 31 Dece tatemeDIs ¢r 2023 P#ge Report of the Trn$teeJ I to 4 Independe￿1 Examlner'$ Report St8temeDt of Flngnelal Actlvlti¢s StAtem¢nt of Flts&n¢ial Positio Notes tfr thp Fln¥Jnei*l St•temtDts 8 to 13 DetAlled St*ternent of Fin*nchl Activities 14 The Edw klnner Ch%rltsble Trust Re rtoft ruslees for the Year Ended 31 Deeember 2023 The trusiees present their reporl Wryth the financial sratements of the charity for the yrar ended 31 Dc¢¢mb¢r 2023. The trustees hai'e adopted the provisions of Accounting and Rworting by Charities.. Statement of Recommcnded Practice applicable lo charities preparing their accounts in accordance with the Finall¢ial Reporting Stsndard appli¢able in the UK and Republic of Ireland (FRS 1021 (effective l January 2019}. OWECTIVES AND AcfivT Objc¢tive5 and aims The principal nbjecls of the MLSI are.. l - To apply such part of the income from the tnist fi￿d 4 in the opinion of the trusiees, will enable th¢ charity ktt0￿ Thc West Watch Tn￿1 to Lffectively carry on its aCti￿ltIes- - To maintain, advan¢e and prortLOtc the Chri51ian faith; and 3- To sUPPOrt or aid iii the establishment or support of any charitable asso¢i81ions or institutions. AetlYltle5 'I'hL trust achieve5 ils objectives by making grants to Christian charitic5 including the West Watch TrpJsL Publle btnefit The tru51ecs confirm ihcy hav¢ LompliLd wth thbir duties uNder SL¢tion 17151 of the Charities Act 2011 to refer to th¢ guidance L(Trntsined In the Charity Cummission's gerteral guidance on public b¢n¢fit whcn rEviewng the TTusVs aims and objectives aDd in setbng the grant making policy for the year. GrnDtmaking Polley Grants are made in accordan¢e with the objectives of the trusL income being first applied to enable Tbe West Watch Trnst to cary out its aciivities. Any funds rcmatning and available for grants to Other charities Mqll be applied fiT5t loward% those rcgularly supported and only after thi5 ha5 been done will one-off gift5 be considered in response to oth¢r applications. ApplicatlOIh5 from other charities or institutions miewed against the following guidelin¢s which are CODfirnied annually.. l- PersotMI CoTrta¢ts- great value is placed on personal knowledge of a charity or ministry by one of the trusw. - Council of Keferencc- the wonhiDCSS of a given charity or ministy can also b¢ assessed by invcstiBatin8 wb¢th¢r the ¢ounLiI of reference Includ￿ Christians who are well_knOw￿ aT￿ trust 3 - Miss Skinner's CoHta¢is- the uustees seek to continue supportxng the ¢hartti¢s approved by Miss Skinner, the tr￿sVS %cttlor. 4-W&%t Watch Links- chari¢ies and ministries associated with guests and friends olwcst Watch. 5- International Tragedy- gifts to Christian charities working in disaster ?r¢as. During the year. to￿1 grants of £39,800 12022.. £18.0(K)I w￿¢ mad¢ to varigus registered c&￿itieS and the detsils 8r¢ give￿ its note 3 to the financial stateu*nts. Pa8¢ 1 e Edw*rdy klbner rltAble Trust ort of the Trllstees for the Year Ended 31 December 2023 FINANCIAL REVIEW Fknancisl Review The incoTne for the yw on the Unrestrict¢d ltt¢orne Fund £43,335 12022: £44.394) which arose from inv¢5tments. The expendibjre wa5 £81,871 {2022.. £32.098) giving rise to a Idefi¢it) I surplus for the year of £38.536 (2022.. £12,296). The trust's lisied investments were valued at I l December 2023 at £970,918 {2022.' £901,590) with a cost of £681,894 (2022: £684,097}. The income frorn the investments fi￿dS the M'ork of th¢ charity and there is no additional filnd raising. There are no restrietions on the power of the trusttts to invest and the principles of invesimeni which are reviewed amiually. are.. l - To at least maintairt, in r¢yl ternis, the income availablE each year for making grants,. 2- To obtain long-terni ¢apitsl growth to ll￿tch or ex¢eed the rate of inflation and not to seek shon-lerni gains but maintain a prndelli management style" 3 - To invesi In way5 COll5i8tent with th¢ Christian ethos of the chftriry. 4_ After refer¢nce to the tr￿￿t'S S1￿kbroker. th¢ tFU5tees have as'a guide", 8"balan¢ed" ponfolio within either way of.. Property and other &8s¢ts 500 Fixed interest 5Q/ Equities 400 The [r￿lee8 wqll ¢onsider a reduction in any holding in excess of of th¢ total equity investment unless a rea50ne case Can be made for ex¢¢¢ding thts propi)rtio Reserves poliey li is likely that The West Waicb TnJs¢ will c<>nlinue to r¢quire fi￿￿S in filture y¢ars in order to D)&intain its day40-day activitie5 and over time for the illevitable rcpairs and mainteDancc of the propertie5 leased from the Edwards Skn'nner Charitable Tn￿t. These costs cannot be Estimated in amount or tirn¢ aTLd the tru5t¢es ￿lIevE it righu ther¢for¢. to presery¢ tht trust capital to ensure the ￿tUre work of th¢ tntsL This deeision is reviewed annually in tbe light of events, the perfonnance of thc fund, and the desire to at Icast maintai here possibl¢. the level of gJwnt5 to charities other than The West Watch Tn￿t. Future plan5 In the the chaTity wll continu¢ to 5UPPOrt the Wast Watch Tn]s¢ as required. Tbe trustees have considercd the ]x)$siblc develop]Dent of a barn on the estate for a prayer roortL Planning Pennission ted for this Ube bui ha5 ry)w lap5e(L Thhs still remain5 a P05SLbility for the future but 18 ulllikely its the current e¥onomiL Llimate. STRUCTURE, GOVERNANCE AND NL4NAGEMENT Gov¥rnkng docutthEttt The Lhariiy is CL)lltroll¢d by ils sovernin8 a deed of tn￿l and coLstiluies an unincoryornied charity. Chority eonstitutlon Th¢ trust is constituted WLd¢r a d¢claraiion of trust dated 8 October 1968. li Wds S¢t up lo support the work of The WesÉ Watch Trust, which was eonsliiuieil Lfftder a trust deed on the date and has the same trustee$. The trustees receive no Temyneration but aTe reimbursed foy expe￿Se& incurred. The Edw8rds klDner Charltable Trnst rt Of the Trns¢ for the Year Ended 31 December 21123 STRUCTURF. GOVERNANCE AND MANAGEMENT Decision making I'he trustee5 normally rn¢￿ four lim&% a year. either at West Watch Cottages or els¢where. but retain the flexibiliry to meet rnore often as o¢casion demands. All decisions are Te¢oTded in the minutes. From time to time the trustees are in Infornial contact ttgdrding, for example. investmertt or property maint¢nance mdttef5. and any d¢cisions Are collfirnied and recorded at the next formal N*eting. At each rneeting the trt￿tee5 review the perfomwice of the investmetst ponfolio from valuations and advice supplied by the broker. Telephon¢ adlryce is obtaiTJed where appropriate and any chang¢s agreed. At each meeting the mL4tees confirni regular grants and approve n¢w grallts if sufficient fi￿d5 are availabl¢. lThductlon #nd tT8ining of nesv truste¢$ Poienlial new tnjstees are generally people known to one or more of ihe existing tnLStees and who bave an area of expertise to offer the trust and who have sympathy wryth lis aims and objectives. If all the trusiees are in unanimous agrecmenL the potential tr￿tte is approaLhd and, if intcrcsred, Invitd to attend & mteting. a5 an observer ID the first instan¢c. After appointment. new Irusttts learn morc about the tnLsVs w'ork and. thhen appropTiate, are g4ien an aTea of resPOtJsibility in the ruTJning of the trusi. Rlsk math#gement The trustees have a duty to identify and review the risks to wbith the charity is exposed And to ensure appropria CODtrols are in place to provide reasooable a￿UranCe against fraud and error. The trUStee5 h&ve reviewed th¢ risks to which they consider the trust to be susceptible. The investlnettl portfolio is re￿larlY reviewed and advice taken fr¢)m ihe trust's broker when WUiTed. The tTUStees rcyiew the arnouHt available for grants at each me¢ting. takirtg into accowiT the inco￿￿ reL¢iveiL the &mount of support required by The Wcst Watch Trust and othcF expenditure rtqul￿d in the year. Buildin8s and other insurances are pdated anttually to reflect current values and advice tsken from th¢ itssurattcc brokcr when required. REFERENCE AND ADMINISTIL4TIVE DETAILS Registered Chthrity Mumber 258519 Prlncip#l addr¢58 15 Wilman Road Tunbridge Wells TN4 9AJ Trustee5 B M O'Driscoll J A Ansiead l A Wilson Independent Ex&rniTrtr Ajdan sM￿h ACA Peter Hodgsoll & Co. Chartered AccouTJtaiits hailwill Huus¥ 65 Lower Grcen Road Tunbridge Wells Kent TN4 8TW PA8¢ 3 e Edwards Sklnner Ch*rltable Trnst Re ort of the Trustees for the Year Ended 31 December 2 23 REb"ERENCE AND ADMIIYISTRATIVE DETAIiS Bankers CAP Bank Limited 25 KiD8s Hill Avenue Kings Hill. West Mailills Kent ME194TA Investment Advl%rs Fiske plc 100 Wood Str¢et London EC2V 7AN Solleltors Buss Murton Law LLP 31 High Street Cranbrook KentTN17 3EE Approved by order of the boord of trwstees on . ....... ..... ¥OI..i.......... and Si￿ed on its behalf by-. B M ODriseoll- Trustee sv4 Ind endtnt Ex8mlner'5 Re rt to th¢ TrDstees The Edwards SkinBeT CthArSt8ble Trust IndepeThdeMt examlner's report to the truyte*s of The Edwards Skinner Charitable Trust I repon (o the charity trn5tee8 on my ex8raill8tion of th¢ accounts ofThe Edwards Skinner Charitable T￿st (the Trust) for the year endtd 31 December 2023. Respon51bUltle$ and b8515 of report As the chariiy Iru5tees of the Trust you are responsible for the preparation of the accounts in accordaTKe the requirement5 of the cl￿tiCS Act 2011 ('the ACVI. I report Itt respect of my examination ofthe Trust's occounts Carried out under Seciion 145 of the ACL and in canying out my examinatiots I bave followed all applicable Directions 8iven by the Charity Commission under Section 14515llb) of the ALt. Independent ¢X8mlner's St*tem¢nt I have complcted my rx8mination. I confirni that no maorial matters hav¢ come to my attention in connection with the eKamination 8ivitsg me cause lo believe that in any material respect: accounting ￿CordS WeTe not kept In respect of the Trus¢ a8 r4uirrd by Section IJO of the Act: or lh¢ accounts do accord with those re¢ords; or the ac¢ouniS do not comply wilh the applicable requirements cottcerning tbe forni and ¢ontent of a¢coun15 set out in the Charities (Accounts and Reports) Regulotiolls 2008 other than any requirement that the accounts give o ¢rne and fair view w,hi¢h is not a mattcr ci)nsidered as part of an independ¢nt examination. I have no coTh¢erns and have come ocross no other mattets in coDne¢tion ￿th the exarnination io wbich attention should be drawn in this report in order to enable a pr(yer understanding of the accounts to be reached. Aidan sM￿h ACA The Institutc of Ch8rtcred Albowitants in England and Wales Peter Hodgson & Co. Chartered ALLounrants Shadw¢ll Hou5¢ 65 Lower CJrccn Road Tunbridge Wells K¢nt TN4 8TW Da*.. Pa8e 5 dwards Sklnmer h#rAt#ble rust 18tcment nf FIDgncl41 Actlvit e5 for the Year Ended 31 December 2023 2023 Unrestricted fimd 2022 Total ds Notes INCOME AND Ef4DOWMENTS FROM Invesnnent income 43,335 44,394 EXPEJT)ITURE ON Ch¥rltable ￿tIvItIeS General 81,871 32,098 Net gainsl(10ssesl on investments 69,328 {49,1611 NET tNCOfvtEJ(EXPENDITURE) 30,792 136,865) RECONCiLIATIOF4 OF FUNDS 'rotal ￿￿￿5 brought forward 1.955.978 1.992,843 TOTAL FUNDS CARRlkD FORWARD 1,986,770 1.955.978 Th¢ noies foTh part of these financial 5tatem¢nts Page 6 The wards Sklnner Cbarlt#ble Trust taten t of Fln•Delg1 PosltloD 31 Deeemb r 2023 2023 Unresrri¢ted nd 2022 Total nds Notes FIXED ASSETS Tangible a58cts Investn)ents 952,876 970,918 952,876 901,591) 1.923.794 1.854,466 CURRENT ASSETS Cash at bank 66J36 103J12 CREDITORS AmoLLllts. falling due within one year (3.360) (1,800) NET CURRENT ASSETS 62.976 101,512 TOTAL A&SETS LESS CURRENT LIABtLITIES 1,986,770 1,955,978 F4ET ASSETS 1.986.770 1.955.978 io lJnrcstricted funds 1,986.770 1.955.978 TOTAL Fuf4DS 1.986,770 1,955,978 The stal¢￿ts were 8pproved by the Board of Trustees ard authorised for issue .. Uli....... and wer¢ signed on its behalfby.. on B M O'Driscoll- Trustee sts involving the public accountsbility of the ¢barity alld ils compliance witb regulation and g(bod prd¢tice. These ¢osts include costs related to the independent exam2naiion and trustees expejjses. TAogSbie flxtd assets Tangible fixed assets are stated at cost 1¢$$ dep￿latiotL A55ets are tDe8sured at cost of purchase togeth¢r with amounts directly attributable to bnnging it into working Condition For its. intended use. including capital finance ost%. Dcpreciation is provided at rates calculaied to WTitc off the cosL less estimated residual value oNer its expected ￿￿efi￿ life. Deprttiaiion h&s Dot been provided as th¢ Irustee5 C0115ider tht restduai value is rlwl the cwrying valuc. Thc carryin8 valts¢ 15 reviewed annually by the tnLStr¢5 for 1tnp4lrn￿nt and any 105S is Lharg¥d tbrollgh the Statern¢ni of Financial Activities. Expendittw¢ on other fixed &8scts greater than £500 is capitaliscd. D¢pr¢cialioii 15 provid￿ on fiirniture and equipmen¢ at 12.5 /0 per allnutn cost to write off the cost of the &ssets leb5 e5tirnated residual value over their expe¢ted useful lives.. Tgx&lioD The cbarity is exempt from tax on its ¢lwitsble activities. The w*rds klnner C rltmble TTllSt N(fvte5 to the Fln*nel* for the Year End t*temeDts ¥ tODtinued 31 December 2023 ACCOUNTING POLICIES- eontlnued Fund seeountin8 UnrestTiCt¢d ￿ndS can be wed In Bccordan¢¢ with th¢ charitable objectives at the discretion of th¢ trustees. Restricted f￿dS can only be used for p&rticu]ar restricted purpose5 within the objects of the charity. Restrictions aris¢ when st￿lfied by donor or when fimds tre raised foT parti¢ular restrict￿ purposes. Further explanatioD of the Dature at￿ PUTfrt)se of eacb fund is included in the notrs to the financial statements. tNVESTMEf4T INCOME 2023 2022 Dividend income Dew)sit account interest 41,451 1,884 43,912 482 43,335 44,394 CHARITABLE Acfivii'lES COSTS Grdnt funding of activities (see not¢ Direct Costs Support 4) Totals General 39.800 2,68J 81,871 GRANTS PAYABLE 2023 2022 General 39.800 18.000 EXPENDITURE ON CHARTfABLE ACTIVI￿S- GRANTS CrY4ntS to Insti￿tiOnS £500- Mission Care £500- Lindfi¢ld Christian Care Horne £500- Pri%oD Fellowship £5(K)- Brighton & Hove Mission £37,800- West Watch Trust £39,800- Total Page 9 Continued... The Edwards er Ch&rltsble Trnst otes to the FiDADcI81 StatetneDts- colltlnued for the Year Ended 31 Deeember 2023 TRUSTEES. REMUNERATION AIYD BENEFITS There were no tn]siees' remuneration or other beDefLts for the year ended 3 1 1)ecember 202.3 nor for the year ended 31 December 2022. The tn]st has a tr￿tee5, iftderTmity insurance poliey jointty Mith The Il'e5t Watch Trthst. The prernium paid during tbe year was £435 {2022'. £4031 and tbe whole amouDI has beeD charged in these finatteiBI Sta￿ments. Trn$tees' expeTrses Durxng the year, the ttwstee5 were reimburned £nil for office pnd meeting expenses incurred on behalf of the charity (2022.. £731. COMPAIL4TIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fuDd INCOME AND ENDOWMENTS FROM Investment incorne 44,394 EXPENDITURE O Charlt*ble aetlvltte9 General 32.098 Net gainsl(1055es) on investtnents (49,161) NET INCOMEJ{EXPENDITURE) 136,1165) RECOYCILIATIOiI OF FUNDS Toial limds bmught forward 1.992.843 TOTAL FUNDS CARIUED FORWARD 1,955.978 TATrIGIBLE FIXED ASSE'rs Fixtur¢s Freehold property fjttings Totals COST At l January 2023 al￿ 31 December 2023 952,876 9,61)0 962,476 DEPRECIATION At l January 2023 and 31 December 2023 9,600 9,600 NET BOOK VALUE Ai 31 December 2023 952.876 952.876 At 31 Decenkner 2022 952,876 952,876 10 The Edward$ Sklnner Charitable Trnst N&teS to the Fln&Dcl*l Statements- tknued for the Year w.nded 31 Dec¢rnb¢T 2023 FIXED ASSET INvESfMEi￿S Listed investments MARKET I'ALUE At l January 2023 Change market value 901.590 69.328 At 31 December 2023 970,918 NET BOOK VALUE At 31 December 2023 970,918 Ai 31 De(xnber 2022 901.590 The￿ were w Inves￿llt a55ets outside the UK. Cost or valu8tiotJ at 31 December 2023 is represented by.. Listed inve5tnKllts Valu81ion in 2022 Valuation in 2023 901,590 69.328 970,918 CREDrroRS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Accrued ¢xpen$¢3 3J60 1.800 Jo. MOVEMENT IN FUNDS Net movement in funds At 31.12.23 At 1.1.23 UDre8tri¢ted f¥llds General fund 1.955,978 30.792 ,986,770 TOTAL Fu￿￿s 1,955,978 30.792 1,986.770 Net movement ill fijtth. included in the abov¢ are ￿ follows: Incornin8 Resource5 Gains and Movem¢nt 14)J2hC Unrestrirted funds General flln 43,335 (81,871) 69,328 30,792 TOTAL FUNDS 43.335 181.8711 69.328 30.792 Page Il continued... wards SldnDer hArlt8ble Note5 to the Fln*nel*l StAtcmeRts- contlnued for the Year Ended 31 Deeember 2023 MOVEMENT IN FUNDS- contlnued CompAr*tive8 (or movement in funds Net movement in filnd At 31.12.22 At 1.1.22 Unrestricted funds General fulld 1.992.843 (36,865) 1,955.978 TOTAL FUIYDS 1.992,843 (36.865} 1,955.978 Comparative net movement in fimds. includd in th¢ above are as follows: Incoming Resources expended Gains and I0￿S Movement IA funds Unrestrlcted lunds G¢neTal fi]nd 44.394 132.098) {49,161} (36,865) TOTAL FUNDS 44.394 (32,098) {49.161) {36.865) A current yvdr 12 morbths and prior year 12 months ¢ombin¢d position is as follow3: Net movenTht in funds At 31.12.23 At 1.1.22 iJnre5tricted fu￿dI General fund 1,992,843 {6.073) 1.986,770 TOTAL FUNDS 1.992,843 (6,073) 1,986.770 A current year 12 llK>ntbs alld prior ye8r 12 tt)onths combiDed n¢t EnoVell￿nt ID fimds, included in th¢ &knve are as follows: Incorning resource5 Resour¢es eXp¢t￿ed Gains and 10&5es Movement in fi]nds Unrestrlcted fund5 General fund 87,729 (113,969) 20.167 {6.073) TOTAL FUNDS 87.729 1113.9691 20.167 16.0731 PAS0 12 The Edw klnner b￿ltable Trust tes to ihe Fltt*nelal tatenRnts- ¢ tln ror the Year Ended 31 December 21J23 RELATED PARTY DISCLOSURES There were no related perty transactions for the year ended 31 December 2023. 12. CONNECTED CHARITY The trLkStees of the Fdwards Skinn¢r Charitable Tr￿St are also the t￿ste¢s of The West Watch Trt￿L During the year grnnts anKtrunting to £37,800 ￿re patd to The West Watch Tn]st {2022.. £15,000}. Unthr an agr¢em¢nt datcd 25 March 1969. the prerni5e5 aTMI grounth knowi a5 W￿t W&tch wer¢ demised by Mi55 D I Skinner to The Wes¢ Watch Tru￿ on a yearly tenancy at an annual rental of £1. if demanded. Miss Skinnerdied on 30 May 1995 attd under the tem￿ of her Will. the premiseb and grounds at West Watch were left to the Edwards Skinn¢r Charitable Tnjst. The previous tenancy agreement for Cottages 1, 2 2nd 3. the Amhexe IZion} alld Di>als Field and Pl￿tation has been ¢ontinLThI. Pa8¢ 13 t Edwards kinner hArltable Trust DetAlled tstement of FIDanclxl Actlvltle5 for the Year Ende