OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-03-31-accounts

Reference and Administrative
Details		 and Administrative
Details
Trustees' Report 2to16
Independent
Examiner's		 Report 17to 18
Statement of Financial Activities 19
Balance Sheet 20to 21
Notes to the Financial Statements 22 to 36

Reference and Administrative Administrative Details
Trustees Anthony
Gibson
Amaya
Lopez-Jauregui
Mohsin
Qadir
Jack Rowan
Sabrina Vashisht
Monica Wailer
Matthew
Wright
Grace Xia
Nicolas Yassukovich
Secretary Catherine
Mahony
Charity Registration Number 1082452
Company Registration Number 04002287
Registered Office Fivefields
8-10Grosvenor Gardens
LONDON
SW1W ODH
Independent Examiner Field Sullivan Limited
9 Hare S.Billet Road
Blackheath
SE3ORB
Bankers NatWest
Victoria (B)
POB 1357
169Victoria Street
London
SW1E SNA

l other risks are rated as low lev el fo llowing mitigating
action		 s and are not included s and are not included s and are not included her e.
Risk Area Risk Risk Level Current Controls Actions
Governance Our governing Medium We have Review the current
documents don' t established governing
accurately reflect governing documents with
our purpose or documents that legal
advice		 and
current legal are
broad		 enough agree
to		 revised
framework. to
reflect		 our description of our
mission.
We		 know aims and purposes.
that
they		 should
be updated to be Initiate
review		 in
reviewed since the Autumn
2024		 for
Charity Act completion by 31st
establishment in March
2025		 (end
2011, offinancial year).

Trustees: Anthony
Gibson
Amaya
Lopez-Jauregui
(appointed
22 May 2023)
Mohsin
Qadir (appointed		 1December 2022)
Jack Rowan (appointed
5		 August 2022)
Sabrina Vashisht
Monica Wailer (appointed 12August 2022)
Matthew
Wright
Grace Xia
Nicolas Yassukovich
(appointed
15August 2022)
Xi Chu (resigned 1December 2022)
Noreen
Sumra (resigned		 14June 2023)
Ravi Verma (resigned 10 December 2022)

CO 00 00 CO O Cl CO 00
'ID M LD LD
CQ Ol ID LD
IQ
V0		 CV
O		 cl'
AJ		 Cil AJ LD
CJI		 CO
O
00
CJI		 I I o
CO
Ql		 M
IA
Cl		 Cl
LA
LD		 IYI
Cl
CO
Nl		 CO Cl ID IA
0
0C
t{{
P4o
CV		 0
U'a
QJ		 'a Ol
CO
LA
CI
rE		 LD CO
LA
Ol
IAO		 IA
Cl		 LA
Cl		 d
fV
CQ		 IYI
CO
p		 QJ
E
IJ 0 r Ql
IQ
{J{J
0
IC
{J{J
E
I0		 IJ
e
{		 QJ
'Zl0		 QJ
IO"
tt{
0I-		 tb
Vtb
0		 M
CV
O		 4 M
O		 00
LD
IA
ID		 IA M
Ul
Cll
CQ
IYI		 LD
Ol
LA
IYI		 IYI CO
M
CO		 IA
Ul
IYI		 CJC
ICC4:
QJ
QJ
{LQ
0
I-
c
E
QJ
o0.
I
'Zl
0
{=
~		 CQ
QJ
UJ
E
5
3
UJ
tQ
QoC
L
E
o		 LJJ
L
tQ
QJ
QJ
0
QJ
tt{
LJ0
t{{
E
0
C
QJ
E		 0
C
QJ
E
QJ
C{J
N
o
C
0
QJ
C
QJ0.
X
LIJ
'D0		 IV
QJ
LrD		 CU
0Z		 CQ
CQ
AJ
O		 CO
ID
R
Ill
LD		 I
Ul
Ul		 IA
ttl
CO
CIo
LD
CI		 C4
00
00
p
LA		 CO
00
IA		 o
CO
LA
CO		 CI
CO
LA
NI
00		 Cl M
Ul
Cl
Ol
LA		 130
I
QJO.
0
IC
QJ
00
C
I
C0
IC
QJ0.0
b0
C
C
C0		 Cl
QJ
0C
C		 0
IC
CL
IQ
L00
QJ
C
C
IC
E
0
4-
ID
M0
QJ00
Ib
CL
C0
QJ0C
QJ
tQ QJ
N E0 E0
0 IU
{JQ
C0
C		 E0
iV
Vr
QJ
E
0'0r
C
IQI
E0r		 I/I
QJ
IC
QJ
0
C
IC
VI
C
V
IC
00		 VI
(U
V
0
IC
QJ
J3
IC
IC		 QJ
E00C
C
IU
E
QJ
C		 QJ
E0
C
IC
0I-		 r0
QJ
I
0C
Ql
CL		 Vl
QJ
&U
(0
I
IQ		 QJ
I
C
IU
CL
X
QJ
IC
0I-		 QJ
E0
LJC
QJ
L
0
QJ
CL
X
QJ
QJ		 C
4
QJ
QJ
QJ
C
IC		 Vl
0C
4-
C
'
0
E
Z		 iV
iV
0
IQ
CI
r
L		 bb
0
I
5C
CQ0I-		 0
QJ
I
L
IC
LJ
'0
C
IC0I-		 C
QJ0
QJ
IC
LJ
(U
40		 AJ
AJo
I0
4
"0
IC
QJ
I
0C
4-
(U

Balance Sheet as at 31March 2023
2023 2022
Note f f
Fixed assets
Intangible
assets		 9,594
Tangible assets 12 5,389 3,454
14,983 3,454
Current assets
Debtors 13 63,706 32,775
Cash at bank and in hand 14 168,862 185,944
232,568 218,719
Creditors: Amounts falling due within one year 15 (12,076) (3,855)
Net current assets 220,492 214,864
Net assets 235,475 218,318
Funds ofthe charity:
Restricted income funds
Restricted
funds		 77,573 51,703
Unrestricted income funds
Unrestricted funds 157,902 166,615
Total funds 20 235,475 218,318

3
Income from donati		 ons a nd l egacies
Unrestricted
Total Total
General Restricted 2023 2022
f f f f
Donations
and legacies;
Appeals
and donations		 84,401 84,401 37,958
Gift aid reclaimed 17,125 17,125
Grants,
including
capital grants;
Westminster
Council		 31,902 31,902 45,718
Strand Parishes Trust 5,000
The Westmister
Almhouses
Foundation 5,000 5,000 10,000
Hyde Park Place Estates Charity 4,978
City ofWestminster Charitable Trust 16,750 16,750
Whiteley
Foundation		 10,000 10,000
The Steel Charitable Trust 20,000 20,000
Westminster
Amalgamated		 Charity 10,000
The London Community Foundation 9,980
Prospect-us
UK		 4,532
Young Westminster —Strenghtening
the Sector 20,000
London Youth 800 800
Westminster
Foundation		 13,505 10,000 23,505 23,505
St Giles in the Fields and William
Shelton Charity 14,450 8,000 22,450 14,450
Young Westminster Foundation 62,100 62,100 33,750
John Lyons 5,000 25,000 30,000 25,000
140,281 183,752 324,033 244,871

Unrestricted
Total
General 2023
f f
Contractual income 65,168 65,168
5
Investment		 income
Unrestricted
funds Total Total
General 2023 2022
f f f
Interest receivable and similar income;
Interest receivable on bank deposits 552 552 67
6
Expenditure		 on charitable activities
Total Total
2023 2022
Note f f
Other fundraising costs 2,100
Sessional costs 8,955 652
Project development 14,712 12,644
Freelance rs 2,621 2,383
Volunteer expenses 2 321 4,702
Funding partnership 9,419 3,233
Staff costs 252,028 144,695
Support costs 82,540 52,259
372,596 222,668

Support costs
Total Total
2023 2022
Note f f
Staff costs
Other staff costs 1,007 1,576
Depreciation, amortisation and other similar costs 5,482 1,245
Fundraising
costs		 272 377
Rent and rates 28,216 28,399
Office expenses 17,780 16,643
Computer
software		 and maintenance 4,310 693
Sundries 21 13
Management committee expenses 635 1,324
Advertising
and marketing		 11,618 157
Independent examination 2,221 1,832
Legal and professional 10,890
Bank charges 88
82,540 52,259

The aggregate
payroll costs were as follows:
2023 2022
f f
Staff costs during the year were:
Wages and salaries 223,929 130,610
Social security costs 16,819 8,227
Pension costs 9,630 3,685
Other staff costs 2,657 3,749
253,035 146,271
2023 2022
No No

Other
intangible
asset Total
f f
Cost
Additions 12,792 12,792
At 31March 2023 12792 12792
Amortisation
Charge for the year 3,198 3,198
At 31March 2023 3,198 3,198
Net book value
At 31March 2023 9,594 9,594
12 Tangible fixed assets
Furniture
and
equipment
f		 Total
f
Cost
At 1April 2022 4,980 4,980
Additions 4,799 4,799
Disposals (839) (839)
At 31March 2023 8,940 8,940
Depreciation
At 1April 2022 1,526 1,526
Charge for the year 2,445 2,445
Eliminated on disposals (420) (420)
At 31March 2023 3,551 3,551
Net book value
At 31March 2023 5,389 5,389
At 31March 2022 3,454 3,454
Page 31

13 Debtors
2023 2022
f f
Pre payments 14,679 5,275
Accrued income 31,902 27,500
Other debtors 17,125
63,706 32,775
14 Cash and cash equivalents
2023 2022
f f.
Cash on hand 80
Cash at bank 168,782 185,944
168,862 185,944
15 Creditors: amounts falling due within one year
2023 2022
f
Trade creditors 4,822
Other creditors 3,033
Accruals 4,221 3,855
12,076 3,855

Total future
minimum
lease payments
under non-cancella		 ble
operating
leases are as follows:
2023 2022
f E
Land and buildings
Within one year 26,624 26,624
Between one and five years 19,968 46,592
46,592 73,216

Current period - 2023
Unrestricted Total funds at
funds Restricted 31March
General funds 2023
f f f
Intangible fixed assets 9,594 9,594
Tangible fixed assets 5,389 5,389
Current assets 154,995 77,573 232,568
Current liabilities (12,076) (12,076)
Total net assets 157,902 77,573 235,475
Prior period - 2022
Unrestricted Total funds at
funds Restricted 31March
General funds 2022
f f f
Tangible fixed assets 3,454 3,454
Current assets 167,016 51,703 218,719
Current liabilities (3,855) (3,855)
Total net assets 166,615 51,703 218,318

20 Funds
Current period - 2023
Balance at 1 Incoming Resources Balance at 31
April 2022
f		 resources
f		 expended
f		 March
f		 2023
Unrestricted
General
General
Funds		 166,615 206,001 (214,714) 157,902
Restricted
John Lyon's Charity 4,367 25,000 (19,743) 9,624
St Giles in the Fields and William
Shelton
Charity		 8,000 (8,000)
Young Westminster Foundation-
Mercer 6,750 43,750 (31,535) 18,965
The London Community Foundation 7,893 (7,893)
Westminster
Council		 - refugee 2,335 (2,335)
Westminster
Council		 - support 11,893 (11,893)
City of Westminster Charitable Trust 16,750 (11,569) 5,181
VPRU Mayor Fund 1,075 31,902 (17,902) 15,075
Young Westminster - Brightening the
Future 7,500 16,500 (17,312) 6,688
Westminster
Foundation		 4,087 10,000 (7,417) 6,670
Shaftesbury
Pic		 5,803 (5,803)
Young Westminster Foundation—
summer 1,850 (1,850)
Whiteley
Fundation		 10,000 (2,711) 7,289
The Steel Charitabe Trust 20,000 (11,919) 8,081
51,703 183,752 (157,882) 77,573
Total funds 218,318 389,753 (372,596) 235,475

Prior period - 2022
Balance at
Balance at 1 Incoming Resources 31March
April 2021 resources expended Transfers 2022
f f f f E
Unrestricted
General
General
Funds		 169,398 105,958 (124,205) 15,464 166,615
Restricted
John Lyon's Charity 25,000 (20,633) 4,367
Prospect-us UK 4,532 (4,532)
Young Westminster Foundation
- Mercer 26,250 (19,500) 6,750
The London Community
Foundation 9,980 (2,087) 7,893
Westminster Council - refugee 20,400 (18,065) 2,335
Westminster Council —support 11,893 11,893
City of London 5,231 (5,231)
Westminster Foundation - rent 15,464 (15,464)
VPRU Mayor Fund 13,425 (12,350) 1,075
Young Westminster—
Brightening the Future 7,500 7,500
Edward
Harvist Trust		 1,000 (1,000)
Westminster Foundation 4,955 10,000 (10,868) 4,087
Shaftesbury Plc 10,000 (4,197) 5,803
26,650 138,980 (98,463) (15,464) 51,703
Total funds 196,048 244,938 (222,668) 218,318