## **CITY OF WESTMINSTER CHARITABLE TRUST: TRUSTEES’ ANNUAL REPORT 2021/22** **Report of the Honorary Treasurer and Honorary Secretary** ## **Date: 03 October 2022** ## **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 2022 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 Hamza Taouzzale, Lord Mayor, Chair - Cllr Melvyn Caplan - Cllr Nafsika Butler-Thalassis - Cllr Max Sullivan - Cllr Iman Less - Gerald Almeroth (Honorary Treasurer) - Parveen Akhtar (Honorary Secretary) - 1.4 Councillor Andrew Smith became Mayor on 9th September 2021 and will continue to be the mayor for the 2021-22 Financial Year. ‘The Lord Mayor’s Appeal Fund’ supports the Lord Mayor’s charity Westminster Befriend a Family. 1 - 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 fourth 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 fourth 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. Though not a requirement for this financial year, the cashflow has been included. - 2.3 As with the previous year, the total income of the charity in 2021/22 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 December 2022. ## **3. Lord Mayor’s Appeal Fund** - 3.1 The Lord Mayor’s appeal fund raised a total of £8,166 within the 2021/22 financial year (compared to £3,585 in 2020-21) 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 £1,319 in 2021/22 (compared to £15,201 in 2020-21), comprised grants made in-year. - 3.3 The total funds available within the Lord Mayor’s account as at 31 March 2022, 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 2022/23 ## **4. Community Contribution Fund** - 4.1 In addition to the Lord Mayor’s appeal fund, the community contribution donations totalled £178,949 in 2021/22. This balance comprises £165,956 in-year community contributions, £9,427 gift aid, and £3,565 of council tax payments made in error which are due to be transferred to Westminster City Council in 2022/23. - 4.2 The total expenditure in 2021/22 was £521,494 made up of Board approved grant payments of £520,872 and bank charges for statements and use of WorldPay / Bankline services of £622. - 4.3 Total fund available within the Community Contribution account for distribution as at 31/03/2022 is £394,471. 2 ## **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 2021/22 for submission to the Charity Commission. 3 **CITY OF WESTMINSTER CHARITABLE TRUST: ANNUAL ACCOUNTS 2021/22** ## **Income and Expenditure – Table 1** 4 Balance Sheei- Table 2 CITY OF WESTMINSTERCHARITABIE TRUST Balance Sheet 31 Maith 2022 31 Maith 2022 31 March 2021 31 March 2021 lord Mayor's Community Appe61 Fund Contributw)ll5 Fund Lord Mttyor's Commurbity Appeal Fund contribut￿￿$ Fund rent a>sets Debtor- Westminster City Council ContributiC*Tr to Independent Ex4rniner'5 Fee and ￿￿k Charge5 GiftAid C&5h at bank and in hand 1.152 12.454 594,471 11.013 740.7CX) 31,018 24.171 Total Lurient a55et5 31,018 408,078 24,171 751,712 Credrtor5.' amount5fallinKdUew￿Ihin oTre year Unpaid Eornrnunity Contribution5 fElatingto 2021122 Council T4¥ paid iDttk incorre(t4icount Expense accrual- Independent Examiner's Fee 15,1831 15301 Toial uabl1￿¥ I4.￿4) Net currert agsetsllliabilitiesl 31.018 403.983 24.171 746.529 Totrl assets le55 current li6bilitie5 31,018 403,983 24.171 746.529 CredTtor5.' amount5k1l1￿{￿ueaftCr oDeyear Neta55et5 1 1lwb1l￿￿IeSj 31,018 403,983 24,171 746,529 Funds of the Charity 1403.9831 124,1711 1746,5291 Cashflow- Table 3 Ci of Westminster charitsble Trust 202V22 2020121 Cash flows from operating artivities Operating prof itll105sI Interest l Bank Charge5 paid Depreciation IlncreasellDecrease in receivables and debtors Increase/lDecreasel in payables and creditors Net cash inflowl outflow enerated from o eratln 1335,0761 16221 124.8691 1,5391 12,5941 11,0891 339.381 17.4861 4,180 29.714 actlvltles Cash flows from investing activtties Purchases of non current assets Interest received Net cash flow5 from investin activities Cash flows from financln actlvltles Net decrease linuease in cash and cash uivalents 339,381 29.714 Cash and cash e utvilents at the be innin of the ear 764,8n 425.490 794.585 Cash and cash e uivilents at the end of the ear 764,871 Balance Sheet 425,490 7fpl,871 ## **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 2022. ## **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: 26 October 2022 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.