2021-03-31-accounts

CITY OF WESTMINSTER CHARITABLE TRUST: TRUSTEES’ ANNUAL REPORT 2020/21

Report of the Honorary Treasurer and Honorary Secretary

Date: 10 August 2021

1. Overview

• 1.1 The City of Westminster Charitable Trust was established in January 1987 for the purpose of allocating income received for charitable purposes directed wholly or mainly to the benefit of the City of Westminster or for charitable purposes in any other part of the world as the Trustees shall from time to time decide.

• 1.2 The charity's annual report and accounts for the year ended 31 March 2021 have been prepared in accordance with the Charities Act 2011 and the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard in the UK and Republic of Ireland issued in July 2014.

Full Name of Charity: City of Westminster Charitable Trust Registration Number: 296091 Date of registration: 20 January 1987 Main communication address: City of Westminster, Westminster City Hall, 64 Victoria Street, London, SW1E 6QP

• 1.3 The Trustees comprise of members and officers of Westminster City Council. The current Trustees are:

• Cllr Andrew Smith, Lord Mayor, Chair

o Cllr Heather Acton o Hazel Best – Hon. Secretary

• Cllr Tim Mitchell

• Cllr Melvyn Caplan

• Cllr Nafsika Butler-Thalassis

• o Gerald Almeroth (Honorary Treasurer)

• 1.4 Councillor Jonathan Glanz became Mayor on 1[st] of May 2020 and will continue to be the Mayor for the 2020-21 Financial Year. ‘The Lord Mayor’s Appeal Fund supports the Lord Mayor’s charity Centrepoint.

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• 1.5 Independent Examiner: Royal Borough of Kensington and Chelsea (RBKC) Internal Audit Service, 3[rd] Floor, Kensington Town Hall, Hornton Street, London, W8 7NX.

2. Financial Review

• 2.1 The Trust is made up of two separate funds, namely the Community Contribution Fund and the Lord Mayor’s Appeal Fund. This is the third financial year of the Community Contribution Scheme and like previous years, the account has been prepared on an accrual basis.

• 2.2 This is also the third year for which a statement of cash flow (Table 3) has been prepared for the Trust. All large charities, donations above £500k, are required to produce a cashflow.

• 2.3 As with the previous year, the total income of the charity in 2020/21 has exceeded the £25,000 threshold set by the Charity Commission, rendering the accounts subject to independent examination. This will be carried out by RBKC Internal Audit prior to the submission of the accounts in September 2021.

3. Lord Mayor’s Appeal Fund

• 3.1 The Lord Mayor’s appeal fund raised a total of £3,585 within the 2020/21 financial year (compared to £23,434 in 2019-20) through various appeals made by the Lord Mayor at the time. Income was significantly affected by Covid 19 as fewer fund-raising events were held throughout the year, e.g. the London Marathon was cancelled.

• 3.2 The expenditure, totalling £15,201 in 2020/21 (compared to £60,429 in 2019-20), comprised grants made in-year.

• 3.3 The total funds available within the Lord Mayor’s account as at 31 March 2021, which relates to more than one financial year, is £24,171 which will be disbursed as agreed by the trustees, to the chosen charities of the relevant Mayors in 2021/22.

4. Community Contribution Fund

• 4.1 In addition to the Lord Mayor’s appeal fund, the community contribution donations totalled £513,220 in 2020/21. This balance comprises £503,734 in-year community contributions which includes a donation of £130,000 from Mr Stanley Herman, £7,986 gift aid, and £1,500 income offered by Westminster City Council to cover bank charges and the independent examiner’s fee.

• 4.2 The total expenditure in 2020/21 was £528,013 made up of Board approved grant payments of £526,474, bank charges for statements and use of WorldPay / Bankline services of £1,039 and independent examination fee of £500.

• 4.3 Total fund available within the Community Contribution account for distribution as at 31/03/2021 is £746,529.

• 4.4 The Trust allocated general grant scheme addressing the Trust’s three priorities and paid out £528,013 in 2020-21.

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5. Community Contribution Scheme Background

• 5.1 Following a consultation with Band H properties between November and December 2017, the Westminster City Council Cabinet recommended to Council that a voluntary Community Contribution scheme be introduced. The scheme invites Band H council taxpayers to make a voluntary contribution to fund discretionary local services.

• 5.2 The consultation also highlighted that a significant number of respondents wanted to be able to make their contribution as a charitable donation as well as direct it towards specific priorities. The Council recommended, and the Trustees of the charity have agreed, that any funds raised through the scheme should be paid into the charity, and should be used to support three priorities:

• Extra support for people who find themselves sleeping on Westminster’s streets

• Helping to tackle isolation and loneliness – not just amongst the elderly but across all age groups, including children

• Helping young people – investing in youth support

6. Recommendation

• 6.1 That the Trustees approve the Annual Accounts and Annual Report 2020/21 for submission to the Charity Commission.

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CITY OF WESTMINSTER CHARITABLE TRUST: ANNUAL ACCOUNTS 2020/21

Income and Expenditure – Table 1

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Balance Sheei- Table 2 CITY OF WESTMINSTER CHARITABLE TRiIST B•l•n¢• Shmt 31 M•r¢h 2021 31 m4￿h 2021 31 M•rth 2020 31 M•r¢h 2020 Commuraty M•y•¢s App••l Fund C•ntrllMthni Fund Apw41 Fund Curr•rt ••Mti Debior- We5tm1Th5ter Clty Councll Contribution to Independent ExamSner'5 Fee Glft Ald Cash at bank and In hand 11.012 740,7 3.027 7S8,798 24,171 35,787 Tot•1 ¢urr•rt •iwts Z4,171 751.712 35.7B7 762J25 Cr•d6tori'. mourt f4111n8 du• wkhlth on• y•4r 15.1831 15031 Expense accrual- Independent Examiner'5 Fee 15QJl Total kn•bilrty 11.IX)31 24,171 746.529 35.787 761A22 24,171 746.529 35.787 761.322 Cr•ditorn.' amounts falling dy• 4ft•ron•y•ar 152041 5204 Net a5Mtsl IIIBbilitse51 24,171 746.529 766.526 Fuhd olth•Chffty 1746,$291 I￿,582 1766.S261

Cashflow – Table 3

City of Westminster Charitable Trust	2020/21	2019/20
	£	£
Cash flows from operating activities
Operating profit/(loss)	(24,869)	30,997
Interest / Bank Charges paid	(1,539)	(945)
(Increase)/Decrease in recievables and debtors	(7,486)	16,016
Increase/(Decrease) in payables and creditors	4,180	(14,597)
Net cash inflow/(outflow) generated from operating activities	(29,714)	31,472
Cash flows from investing activities
Purchases of non current assets	-	-
Interest received	-	77
Net cash flows from investing activities	-	77
Cash flows from financing activities	-	-
Net decrease/(increase) in cash and cash equivalents	(29,714)	31,549
Cash and cash equivilents at the beginning of theyear	794,585	763,036
Cash and cash equivilents at the end of theyear	764,871	794,585
Balance Sheet	764,871	794,585

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Independent examiner’s report to the trustees of the City of Westminster Charitable Trust (registered charity number 296091)

I report to the charity trustees on my examination of the accounts of the City of Westminster Charitable Trust for the year ended 31 March 2021.

Responsibilities and basis of report

As the trustees of the City of Westminster Charitable Trust (the Trust), it is your responsibility to ensure the preparation of accounts is in accordance with the requirements of the Charities Act 2011 (‘the Act’) and you are satisfied that the accounts are not required by charity law to be audited and have chosen instead to have an independent examination.

An independent examination does not involve gathering all the evidence, which is normally required in an audit, and does not cover all of the matters that an auditor considers when giving their opinion on the accounts. The planning and conduct of an audit go beyond the limited assurance that an independent examination can provide. Consequently, I express no opinion as to whether the consolidated accounts presented are ‘true and fair’ and my report is limited to those specific matters set out in the independent examiner’s statement.

All examiners must follow the Directions below. The Directions have legal force as they are made by the Commission under section 145(5) b of the 2011 Act which places three specific duties on the examiner:

• They must carry out the independent examination in accordance with the Commission’s Directions.

• They must make their independent examiner’s report to the charity’s trustees.

• They must consider if matters of material significance have come to their attention during the independent examination which give rise to a legal duty to report direct to the Commission

Independent examiner’s statement

Since the Trust’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Chartered Institute of Public Finance and Accountancy (CIPFA), which is one of the listed bodies.

I have completed my examination. I can confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

• accounting records, with respect to the Trust, were not kept as required.

• the accounts do not accord with those records.

• the accounts do not comply with the applicable requirements concerning the form and content of accounts.

• the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities.

I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.

Signed:

Name: Moira Mackie Chartered Institute of Public Finance and Accountancy (CIPFA)

Date:

16 December 2021

This report is prepared solely for the use of the Trustees of the City of Westminster Charitable Trust. Details may be made available to specified external agencies, including external auditors, but otherwise the report should not be quoted or referred to in whole or in part without prior consent. No responsibility to any third party is accepted as the report has not been prepared, and is not intended for any other purpose.