Abbey Community Association Limited Annual Report and Financial Statements 31 March 2021 tM72711 Wa&%si Chanty Reg￿ti￿ NuThthr 111W42 Contents Reports Relerence and administrative detsts Trustees. rep￿[ Irthpendent audrftsf's re￿1 13 Financial ststements ConsolKlated stalement of finaTThl acb"vibes 18 Balance sheet 19 C¢￿011dated statement of Gqsh IkMs P￿TrpaI ar£1￿￿ting tK)liae5 21 Notes lo Ime financial statements 23 Abbey Community Association Limited Reference and administrative details of the charrtable company and its trustses Trustees Mr J BudtiThJham Ichair) Klr D Gikhrtsl r R Perera lappoinied 201n Juty 20211 Mrs M Payne IresvJned 6th April 20211 hlr R Wdlers ITreasurer IAS S We5tel (appointed 6f May 2021) Dr J Wi)kin50n Observer Cfflr r Mrtchell CEO Mark knnehan Senlor Mana9ement Team Ms P Fu(lal& Head c(￿Munty Programmès Add￿$ 34 Great Smith Street Lon¢k)n SWIP 38U Websii• tre. Cornpany re9i$tratlon number 05373711 Charity registratlon number 1109442 Audithr Buzzacott LLP 130 Wood Street London EC2V 6DL Bankers CAF Bank Ltd 25 Krys Hill Avenue Kings Hill West Malitwj Kenl ME194JQ Abbey Community Assoaalion Limited Trust99s' réport 31 March 2021 The Board of Trustee5 5ubwnits it5 rewt together Mth the acwunts tr Ihe year ended 31 March 2021. Thi5 repjrt ￿ wepared in 8ccordance %￿th the Crffipanies Act 2006. Charilies Act 2011 alld Ihe Statement of R8cornmended Practice.. ACCo￿lIng and Rep￿tIng by Charit￿S ISORP 20151. issued by the Charity CrAnmisw. Structure, governanc• and management Govemlng document The organi5atioTr I'the ChaiiWI is a thawitable company hmited by guarantee. incorporated on 23 February 2￿5. The Charity was 8slablished under a Mernorandum of Assoaation h e5tabli5hed the oLyecls aThJ powers of the tharitatrAe company and is govemed under ils Article5 oIAs50aatioTr. Th8 Artic￿ ofAssociation were re¥￿ed bylh& Tiust8es in early 2018 and new Artides a(k)Pled by spwal resolution in March 2018. Pri¢y to the e$lab￿"shMent ol AJ>bey Comtnunty A5￿Xx8ti0n Limrted. the activities of the cknnwany were Lartied thro￿ an unincorporated 8SXKaalKJn anij registered thafily. Abbey Cornmunty Ass(￿￿￿tIon. ffirsl estatdLshed in 1948. Reeruitment andappointment of Board The diwlors ol Ihe Chaiity ale diiector5 for the purposes of ￿)￿P￿ry law and are also Charity trust88s for Ihe purpose5 of Charity law and Und￿ the Charity's Ajlicles are known as members of the Board 1'8oard'l. The Boaid NeV￿wS its membership annualty, undertaking Iruslee appraisaLs. to ensure that rt rellect5 the diver￿ of the comrnunTly it serves and has the broad sel ol skills and experience required For the effeclwe m3na¢Jefflent of the Chacily. The Chair meels with 15 in regular copnmunicalKin wilh Tnembefs of ihe Board. worki￿ ￿0upS actw undeT delegation of the Board, tneel io deal with parti(yJlar Board work¥slreams sud) as f#)8n￿. business de¥8loptnenl and 51talegc planning. Rl$l( m•n&gemen* and impactofCOVID 19 The Board words the major risk5 to which the Charity exposed. uwlating its risk register for revtew al every Board tneetivg. The Charity continues io r8v+ew Its health and safety prAiries duriTh) the year, as part ofthe Board's regular rewev401risk. Policies and procedures are wularly ￿vieWed arKI where appropriate, systems and procedures are updated and training delivered lo staff. MaN)r conlracis with extemal s￿p￿lerS are reviewed during the year and wher8 apwopriaie. opened up to com￿￿"￿"Ve Fwremenl on rer*w￿. The dosure of the Centre in mid-Klard1 2020 i*ue to COVIO-19 re5vlted in Ihe ￿SsatiOn of 81 Irading aclwitses most of the Subsequent year. Oespite taking rniligzting aclions to sninirnise Ihe impact of kjst fft¢ome- Trn¢bJding arranging the lemporary su5pen510n of r8nL placing a nurnberof slaff ¢y) furt￿gh as part olthe govemmenl's Coronavirus Job Retenbon Schem8. ca￿elli￿ CK suspending ¢onttaCts related to the op8ratK)n of the tmjilding and carefulty managing dl expendrture- rt has been ner￿￿Y to use unrestricted reserves to I￿et essents.￿ ¢05t5. AW c￿￿nity A$s(￿latI)n Limited Trustèès. r•port 31 March 2021 Structure. governance and rnanagernÈnt l¢onthu8dl Rlsk mana9emenl and Impact ol COVID 19 {¢onlinuedl Th8 Charity continued lo appty successfully for a number of grants for tM)th essential services and core costs to er>sure that rt ￿uk1 operate throughout Ihe year and perK)ds of 'l(tk down. and othw goveTnmenl reslriclions on operations and tradiThJ. The CEO has provKted regular fdSh flow forecast5 fo Ihe Bowd. Setting out a range of scenarios. the most recent of which Cautious￿ suggests that the chanty rerna¢n sofvenl for 12 rnonlhs I￿0v￿)9 the approval ol these fiTranck￿ Slale￿￿Trts. based on a slow retuffl to tradw and net ri&rvJ to up lo 80°h of what wwld normally be expect8d. The CEO and Board ￿11 conbnue lo m￿ltOr the sibJatKJn an ongoing basis to ensure fre¢ reserves alk)w lor 1he lumment of al statutw 01￿19atIonS be prepar8d to lak8 necess￿ actson in Ihe eveni that Irading does nol ￿SuMe as expected. The CEO and Board. supported by wo-bono c(￿sU1t3ncY supwt are revEwtyJ Ihe Cur￿llt bJ$￿eSS rnodel and explorin9 alternative slreams. Org•ni$•tional struciu The Artides OfAssoaa￿0n provKle Ihat Chanly has a Boarrl ofTh) fewer thw th￿ an no rnore than nine rr*mbers who ffleel every Iwo month5 and are responsibje for the strategic direction and pdicy of the Chanty. At present the Board has six rrEmbers and one obseNer from a variety ol professi(•￿1 ba¢k9rounds ￿￿vant to the wrmk ol the Charity. T￿ou*)0ul U18 p￿deMIc, th8 Board has mèl every five weeks. The CEO atiends 808rd meetings bul has Th) vobng r￿hts. The Board Tel￿nS the option to convene time-limrted knrkn'rKJ gTOUPS' to pursue more delatled Work such as budget developmenL financial management and strategic plannjng and organisational devek)pm8nt rather than maintaining standiNJ su￿(￿mIttee$. Each gro￿ is chared by a rnembar of the Board and open to other viAunteers atuj slatf ryEtniErs, where apwopriate. is time- limited. trx)uThY by ag￿e￿ ¢Ydivery ot4"e¢bves aThJ re￿rts back to Ihe Board wth recorrrnendatK)ns. The Board delegates day to day resFx)nsibltty for the provi5K)n and management of the Ser¥￿eS to the CEO and the Leadership Tean. The Leaderstrup Team cornpris•s Ihe Head of Communty Services. the Chef Mana9er. the Business and Events Managei. who are spons*)le for supe(visio¥) of the stsff ieam arKt ensuring that the team conb.nues to deve th￿r thlls a￿j wtthn9 txactKes in kn8 with WJ practice. Remun8ration ofkey Managen￿ntpeT5o￿nel The pay of the Senior Management Team an¢ all staff reviewed annualy and nomially increased In accordance wlh average eamtrmp lo ￿llect a ¢osl of INing 8djustrnenL A recommefidation on the level of this IrKxea5e tnade bythe CEO lor approval by the Board. Th8re have been no salary fftcreases awarded $￿ce the start of the COVID-19 pandemi¢. olher than for staff on the LoThlon Wage. Abtw Communily AsxKiatK•n brnrted Tru$t98s' r8POrt 31 Mèrch 2021 Structur8. govgrnance and management I¢￿￿"nU0dI Remuneralion of key mana9ementpersonnel {¢onbnued) New staff apw)Inlrnenls are rna)me andlor ur*mployment". ¢ t￿kIe he￿th ￿equalibe$ of ethnic minority communrties: athress the negative health impacts of S(￿￿ isoialK)n on okler Vulnerab￿ people., O proV￿e a haven for people sufferiw or r￿Ve[lng from PODr rrEntal health.. and sUpp￿rt horneles5 people and rough sleepers to address the issues ihat prevent them from securing safe and Sustainab￿ accotnmodats"on. • To promotè connected and cokegve ¢on￿UnI￿es in soulh Weslminsier rnanage a hwJh qualty SOLrth Weskninstw comnwnty Hub & Network O (Jevekjp Volunteeri￿ (yp(thnEb"es atthe Abbey Centre & south W&sIm￿ster inwrove intw-ccfftmunity and multFGwvabonal engaggm8nt a￿1 urwJeTslarwJing Abbèy Asscoatw brrited Trustses, r•port 31 March 2021 Achievernents and performance The following sethon present$ thÈ key ad)ievements and ¥hie¥8n*nts of Servi￿ and adivities of the Abbey Communty Assouat*Jn for the year ended 31 March 2021. The Charity manages Ihe Al)bey Centre as Ihe ¥biont communty ht*) f￿ south Weslrninster. provvjing wilhin il and Ir(xn il a diverse range of ¢4ymmunity swtes. events and activit18S. Dunng the year. due lo COVID-19. the majority of services arhy achvits.es switched to being ddivered retnotety and online to G￿nPlY wlh government t￿$ and guidelines. After the initial "knck down" a small nwnber of aclivffjes re5Utned at the AbiEy Centre for th8 most vulneratrAe service users. in line wth excep1K￿S lor thallties published by the govemmenL aThJ *ways fOlk)y￿A9 strict socaal dislanrAng and other covi[￿19 fr￿asUre5. In addilv)n. new s¢rvices w¢ro inlroduceil in direct response to the effecls ol Ihe pardemic on people's lives. The Charity is cornmRted to ensuring its empbyment prdclices are consistent with lis aims ¢*)jectNes, andc(xttinues to b8 a Ltvifig Wag8 ernpkjyer, certtfi•d wlh the Liv￿9 Wage Foundati￿. Staff members en$￿￿ that Ihe Charity undertakes a strategr role bcalty by participating in arKJ facilitating a range of nelwtstks that develop local setvices ar¥J pcdicy includiryJ.' Active Westminster South NelwYNk IWes¢mins¢er Crty Ccxmcll Central London ainical ComMi5sv)ni￿j Group- Patients Referen￿ Group Change4￿fe Steenng Gr(xJp C￿lMUnty Champions Quarte￿ Provthr IAeet#)gs C(Nnnwty btslb"genc& Forum Iweslminslef City Cwwll Employrnent and Ski115 ProvKler Network Iwestminsler City Council) National Votts- Peef &pport Hub North West Lond￿ CdlabcffatK)n of Cliniral CommvssYmiry Groups - "Community North West London ColL4b(xation of Clinral commt5sl￿lng GWDUPS - Partners in Oiabeles Team South Westminsler Action Nehyork WesthwnslerAduli Educati(￿ ServK%- Cornmwty Partners Foruffl Wesln¥nster Heahh aThl WeUbe*ig Neh¥ork INeslmuisler Oldei People's Nelwo Wastrninslèr Voiunl6er CcK>rdlnat￿S Natsvo Young Westminsler FoundatK)n Abtw CommurbTrty AssoaatK)n L4mrt8d Trustees, rnport 31 March 2021 Achievements and performance {cont￿￿8d) The Charily is ¢ommilted to Èrgaging with ts members ladlitst8d by a wvJ8 range of Out￿a¢h. communi¢atsons and swal medk? lo ensure the maximum number and diversily are reached. The Charily pU￿1$he$ an E-buI￿￿"n Ihai is senl lo all member5. volunteeTs bnd partnws every two weeks. keeping Ihem Infom￿ of a¢lNilies and Ser￿￿e5 available in ihe l(tal area delwered by the Charty antl rts loca partners_ Facet)oDk. ti￿￿8r. Linkedln and the wel)sile are regularly u￿ated knith posts and text messa9es are used to update members very direcuy. The p8nd8rnK has thanged our m8mbership ov8r Ihe CAwfse olye8r. ftegtsIe￿d members fell to from 5.320 to 3.301, however. Ihe rtharity provided services to an addrtional 2.494 people. bringing the total number of serv￿@ users to 5.795. Despite b￿.Trg predotninanuy closed for mosl of the year, there was a total of 9.945 attendances to in-pe￿On and online aCtiwt￿s, whle 286 vcajnteers [￿0¥#￿ed 6.918 hwrs of suprxyt. The Charity adapted it$pr0￿MMe of regularactivitsesand serv￿e$ in f￿￿t ofthe pandem￿, and introdu￿￿ new ￿e$ M) ￿Sponse lo ktal need. t￿ring course of the year, irKluding pioviding spx8 to other cotnrnuntty woups. these induded.. Abbey Housemales - a lelepkne befriendw service for [￿1& who were i501at during pan(tenMc Age UK- delNery of essential foc￿ pac¢ets lo rwdenls In need Age UK- over 50s dropin SUPKKXt Alcohol￿5 Anonymous meetings Baby and ￿- coffee rTKKnwis% Ballrcx)m dance Carers, group SUPFQrt meebngs The Choir With No Narne Corffiden(x t￿￿Ing and Motivati.￿ 0￿•Tre wths Craft Qub1s8nding out craft packs lo be o¥npleted al IK)￿> Cuttural CaF¥lal- empbyabilty skAts ￿fIne workshops CV din￿5 lonfire and in-perwl Dementia clinics Itdephonel Oigilal indusion f￿ beginnws lonhnel Dtyna Fok Da ErKJlish speaking classes beginner Abbey COMM￿ty Ass(￿katIOn Limited Trustges, report 31 March 2021 A¢hievements and perforrnance (conknnu￿1 Fitness Easy Pac8 Fre&Jom Cholr Friday Ptayers Heatthy c(x)kMig da&ses (adults. lamilw and chihkn)-0￿lneI Hopscotch - welfaie benefts advice arKI infonnaticm. &1¥￿e and guhda￿e 11..1 aTrJ group. te18phone and onlino) lrnrKove Your English IESOLI E31L1 lonlinel Inspyation 2 Dance Jewdlery dasses lOn￿"neI tT SUpp￿rt by phon¢ for okler pecy Keep frt cLqsses lout¢*Jors wilh Op8n Age) Men s yoga lonline Microbusiness a7d $8Jf-8mrkyment support Ile18phone and in-wsonl MoThYay Club- group okler people Movement and exwclse lothel Narcotics AnonyTr¥x Over 50$ art cbss lonh.nel L3tes (Orl￿e) Public sp8thng Running grwp se￿Tr9 dasses (cffilinel Sifver Sunday Stgp Chang8 StudK)s- ￿ce&￿i￿8, inclusNe dance Strictty B￿lroOM Study surwt (telephone arnl irwerson) Ta￿¢ tennis bbey Communty Asswiqhon Lirnited Trustees. report 31 March 21r21 Achlevements and ￿rfOrniance Iwntinued) Talking TabloS- $0(ial and 8Cfvrt￿ group for dder pe(¥A8 Vaccine workshops, hubs and dinics Walking Fooibau Wellbeing sessKins lon11r￿) Women Off to Wc** CA)ffee Npxnings WC￿er￿nIY exer1¥5e das5es (￿lIne) Yoga at Home lonline) Charity also worked with a number of parlner org8ni5aiKffts Ihrough co-delivery 01 by providing space wilhin the Centre ol thxrge or at significanly discwnted rates. The pthers r( worked vrith duriNJ 2020121 we￿. ActN)n ￿ Hearino L05S Actiwe V¥eslminsler Advocacy Projecl Ag8 UK Wesiminsi Akknan Domestyc V￿￿¢* Pi(*(I Ak¢thoti¢ts An0n￿S A&htrnWs SwKg Athritts Arts 4 D¢mentsa A Wthtd In a Suitcase Famdy H¢ Bèsstl)fou￿ StrÈ&tc￿ House ofSl8arnkna5 Bkck FA Wmjrily E1hn￿ Health Fon IMPACT Ltswn- GTuurKtMxk cab￿et (ffte Imr*rO Lo Carwa Irnper￿ Chatity ardirAI Centre ImprO￿g AL(￿5￿ PsycIKA(4K41 T￿ra￿$S Central ar￿ West NHS FwThJa￿)n T￿1 liurM*ted PJW FoundalK Cwtral London ClinrAI Gr CeTrtr81 London FoThMtd Ch4rigg4Lrfè Charty￿b City ofwes1tnw￿ts￿ Cd ty Harvest Companiès c(N￿eC￿￿q Cafe for Chlthn Cre• Noi Croydon College CultrJial CapiL Cyck CC￿rIdent O*gam Trnst FIDufishiro L￿eS Fiiday Prap5 Gr￿d GrEaler LtxKlw ￿laIM￿lY HeaMlh¥ai¢h Cents* Wesi Hdp2HdpY(xwseN Reve￿ cl￿1)niS K￿k-ll LeaThTV CuTrp Gffjw) LearAro ilnknit L￿tyl LOT￿￿ 88nkS S6N¢e TaFJ¢ Temis Leagu& BOrtyJ￿th)tkTtu$ts Open Ag9 PaddIngt￿ tkvek)pment Tn Pe¥body AwpalK P¢opk First PeopkPuHour.corn mlKo Heakn F1m1￿ Library MillA)n Pimlico Toy L￿rary POhWER The PTwKe's TILLSI St**ifvJ LItt Ra¢0 Equ81ty Fowtht RaihtMyE BoX￿g Ck Easièm wor(￿ ￿￿ty0￿anISabtrj knj ul Br8ni. war￿s1￿ af¥J Weslminstsr Na1&Y￿ v0￿eS Nalx>nal Acadwryfrq PwtrAfvJ NHS EwL4nd North WestLo￿l GrDW) One Y￿1 Taie Brth Toarn We5tmMIsw Tlrn Tr*e Tuf(uiig Pt* V*ue Y we51m￿￿er Aithy We$1￿￿￿1Èr AdL4* EdUC*r￿ SeNro W*sbYWSlW Betr￿￿ a Fat Westmin5￿ Business ihmi Wèstminstrr aty CoLncd Socd Care Re￿nal0 Arts Royal ￿￿￿eThY Royal C(*tKJn Trntsl S1.AndrE￿$ ¢￿b SL Mungo's St. Vincent's Fa￿ty F*wl Shen Chi Sity￿ ￿￿rn￿ess PrI¥￿t SIT Robert Works SouthWeslFest Sport for Crnfvjence Servtts Westminsler Cty WethinslerConr*¢ts We5bninslEr OEmEnba AthiserSerK we￿ins￿r EM￿DY￿ent so￿￿￿e WeSthMnS￿ Lii¥ane5 Westhjnsw PtyyoltErapy Piktes WortW5' FJkn4" Associat Strpet Nurse team Swy BaltrrK)m ppmand Advu Heath Aljbey CLNYm(mity AssociatK)n Lirnited Trustees. report 31 March 2021 A¢higvements perfom)ance l(wtsnuedl ststement on Yundrafjsln9 The Charity 1$ aware of the Charitres {Prote¢t￿n and Sorial Investment) Act 2016 and the Trustees sUp￿rt Ihe aims of this leg'Slat￿)n. The majority of the Chattys Income comes from other charitable b)dies and kKal a￿t￿lieS or. when not restricted by the pandemic, from its own trading athNit>es. The Charity uThJertakes very Irttle direct fundraising a¢trvity knvolving individual don¢*s_ Examples inckth ovr online gNing page and events whith are prornoted through genefal comrnunicatM)ns. rather than targeting specific indivhlLFals. The Charily Con￿derS Ihe origin of unsolici1￿ donations and legacies. The Ch2rity does not share or purchase any dorM)rdaiawilh orfrom Ihirij patti8s. During the ￿rendÈd 31 March 2021 the charilyd￿ not receive any coMpla￿ts in relat￿ to fundfaiSiWJ orratse any matter with regubtors. Flnan¢iai review As a direct resu￿ of COVID-19 pandemK. it has been irnrKJss*)le to gerErate any svJnthcant income frDm the Chanty's socu?l enterprisès during the year. For large pe￿d5 of the year room hire and hospilalily were Th)1 p￿rnitted under nalional aThl local"lockdowrb- and other restricts.ons and. on the OCC2￿On$ when they wwe, redLKed fooffall extrerne ¢aution from dients meant dema￿1 vms very km. The results for the year ended 31 March 2021 are shown in the attachgJ Staternenl of Financial ActNilies. Net expenditure for the year vras £86.431 12020 £7.1731. of which the￿ was a deficrt of £40,82412020- defitsi £16.4171 ffi Unrest￿ed funds and a defi¢rt of £45,607 on restrKt8d lunds12020- surplus of£9,244}. Abbey Community SeThfhX Limiled. the trading sub%diary. gon¢rated losses of É36.132 12020." wolrt 01 £233.0351 ar¥J therefore was unable to make a Gift Aid donalion this year 12020 - donatN)n 01 £233.0351 lo supporl Ihe aclivth.es of Ihe Chatity. Onwiry rev￿W$ of busin855 proc8s585, daia anatysis, stsffwbg depk)yment. systems and marketirYJ methods al SUPFK)rt the tradry subsidiary. Plyncipal Funding Sources The principal funding sources lor the Charity were grants and from WesiTTMnster City Council and a range of other fut¥kts and commisstoners. Inv8stm¢nt Poli¢y The Charity has no investments apart from the tr8dIr￿ subsidk3ry arKI the￿10￿ there is no immediate need foran Investment Thi8 contThJes to l* reviewed In Ihe IwJht oflw8fve month cash Ilow forecasts. Financlal revlew Icontinuedl Reserves Policy Al 31 M8r¢h 2021 the group had reser¥es of £253284. of £85.288 were restrictéd aThJ £28,333 were designat￿1. D￿gnated funds fepresenl the nel book value ol Ihe group's fixed a$s8ts. General undesignated reserves were [139.663. The B0￿d h8s examined the Clkwtys requirements f(Y reserves in I￿ht of the main risks tothe organisation. It has esta￿l$hese. The Charity has experienced significant success ￿ raising unreslricled lunds from trusis and I￿ndalk)nS to rnantain its reserves ￿nC£ th8 COVID-19 pandemic started and wll fools its attention on t*)ing Ihis for as Jong as the resumptson of $(gnifi￿nt trading rema￿$ unlilKeJy. Plan¥ for the future The itnpad ol COVID-19 on the chanty ha5 been ￿gn￿an1 wth 5etvices having to be delivered rernotety and trading Inc(Kne i*asing for a p￿K)d of 16 month5. Oespite iaking action to tnitwJate the loss of umestrirled irbcome and suttessfulty applying forfuT￿lng from a range of sourixs, the situalK)n h8s resutted in the ￿U¢tth of unrestri¢te¢J reserves in order to mainlain services. Durmg the se￿)nd haf of 2021r22. the Charity will for￿S on th8 resumptK)n of trading activIt￿S in ￿er to buikl ￿ the reserves again. statement of responsibilities of the Board Members The Board membe¥s, who a￿ also di￿¢10[$ otthe Charty forthe pu￿0$e5 01 company law arKI are truste8s forth8 purp058s of Charity law, ￿e responsibk for pr8paFing the Truste8S' Report and the financial ststements in accordance wilh applicable law and United Kingdom Ac¢ountyNJ Standard5 Iunileo Kingdotn Geneialy Accepled Accounlin9 PraCt￿e). Coryany Lqw requ￿e5 the 803rd rnembers to prepare finawal slalements foreach fina￿14 ye8r which give a true and fair ol Ihe stale of affairs of ¢harilable c(mpany and Ihe gTWP and ofth& irKomin9 resources apKdicabon d resources. ind￿ling the in(Dn* and Abbey Community A$s￿ation Limited 11 Trustses, report 31 March 2021 expenditur8, of th8 charilable group ￿that perN)d. In p￿pariry these financial statements. the Board ff*mber5 ar8 required to.. Select surtabk act(wnlirg wAiues and th8n ap￿Y them ¢onsi%tenty. obseNe the melfv)ds 8fMI princp￿s in the Charib•S SORP, Ma￿ jUdgerr￿ts and estirnates that are reasonable atwj pttht: stale whelhw applicAble UK Accounting StarKlards have been folbw8d. subject to any material departu￿$ dtsdosed and explained ￿ tho [inar￿￿1 5ta1em￿ts". arn1 pa￿ the financ￿1 statements on the g(Mng COn￿n basis unless it i8 inappropriate to presurne that the tharitabk wmpany wil ￿nI1}ue In busines5. The Board Mefflbers are res￿nsIt￿e for keepng proper a￿unt￿1g records Ihal ¢fis¢lose wth reasonats￿ accuracy ai any Ime of Ihe f￿anCial positson ofthe Cttantab￿ company and enable Ihem to enswe that finanuai ststemenls compty wilh the Companies Act 2(K>6, They are akn responsible fof safeguarding Ihe assets of the charitable corThpany and the group and h•n¢¢ for taking reasonable sieps for Ihe prevention and delectK)n of fraud and Olher irregular￿e5. Each Bclard member confirms Ihat.. There t5 no relev8nt au(JiL of the ￿mpanY$ audrtor 1$ aware.. and Board Members have l&ken all sleps that ihey0￿htto have takento make themsdves awa￿ ol any ￿le¥an* au¢J"t informatK)n arml to estaNish that the audit(* Is a%rore of th8t i)l￿Mation. This confirrnatson is gNen. alxl shoukl be inlewknj in aw>[dar￿e wnh. the KWWSN)ns ol S418 of the CL¥ppanies Act 2(K)6. Approved by Ihe B¢batd ￿ &.11. and ￿ned on its b8haif by: Ilmsteel Mr J Buckingham Abtw Communrty ASsocial￿n Limited 12 Independènt auditors. report 31 Maffh 2021 Independent auditorfs report to the members and trustees of Abbey Community Association Limited Oplnion W8 have aL¥Jited Ihe financial statemerts of Abbey Community Asswation Limited (the 'charilable parent company'l and ils tradiThJ su￿diary (the "Gtwp") for the year ended 31 March 2021 which comprise the staternenl of finanual aclNrties. the balance sheet. and stalement of cash flows, the princip￿ accountiTrJ poh.aes aThY Ihe notes to the finanual stalements. The financral rwrbng framework that has b88n applied in their preparation is applicable law and United K¢ngdorn Accounting Stan(Jards. including Financi* R8porling Standard 102'The Finanaa Rewbws Standard applicable in the UK aTvJ Republic ol Ireland. (Unrtod Kingjom Gene￿NyACce￿eil Accwntir¥J Practi¢zl. In our opin￿. Ihe fuwn¢iAI statements.. • gNe a true and view ofthe stste oflhe group's of the parent charrtable companvs affairs as at 31 March 2021 of￿￿ income and expetKJrture oflhe group for the year then ended: have been property prepared in accordan￿ wrth United Kiwjom Ge￿rallY Accepted Acccwlng Practsce." arKI h8V8 prepared in accordance ￿ th8 requir8vnents of th6 Compan￿5 Act 20(￿. Basis for oplnlon We conducted Qui audrt in acCOrdar￿ ￿th Intemational Standarts on Athjrbng IUKI IISA5 IUKII and appI￿a￿e law. Our ieswnsd)*"b8s under Ihose standatds afe further described in the Auditor's responsibilthe5 lorthe au(Iit of Ihe thancial sl8tements section of our reporL W8 are independent of the group in accordance wth the ethi¢J requirement5 that are ￿levant to our a￿11 of the financkgl st8lements in the UK. irKiudwig Ihe FRC'S Elhical Standard. and we have fuffilled ouc other ethiG31 reSpOns￿>￿itIeS in accorfan¢e with these requirements. We b81i8ve Ihat Ihe audrt ev￿lence we have obtained is suff￿ent and appropriate to provKJe a basis for tsur opin￿n. Mat•rial un¢trtaSnty related to going concern We draw attention to the assessrnenl of goiry concem writhin the acC￿ntsng poli￿e$ which sets out that a Materi￿ uncertainty ￿sts that may cast ￿gnif￿an1 doubt on the charitable company's aty'lity to ¢on¢mue as a ￿ng corKem. Our otmnlon ts not nK)dA￿ed in respect of ttus matter. In aud￿"Th9 the finanual statements. we have coThduded that the iruslees, use of the golng concem basis ol ac¢ounliry in the preparat￿In of the finanThal slèlements is appTopnate. Our evaluation of the tsustees. ass8ssment of the ents"ty's abdity lo Continue to adopi Ihe go*ig concem ba&s of ac¢wntsng induded a re¥￿ of cash forecasts coveTiTrJ a p8riod noi less than 12 rnonlhs frotn Ihe approval ol Stat￿ni& Our responsiblitses and the respmsiblities of the dire(knrs wth respecl to goin9 are described in the relevant sections of this rep￿. Abtw Cornmunity Assoc4atK)n Limitad 13 Independent auditors, report 31 March 2021 her information The trustee5 are r8spon571 for Ihe other infoThnation. The other inf(xmation cowises the informatvn Included In the Trusiees. RepC￿t. Our opinion on the fin￿Gi￿ 5tat8mentsd(xs noi cover the other information and. exeepl to the extent othewse explicity ststed in our report, do not exp￿$ any fcxTn of assurdnc8 CA)r￿lUS￿)n Iher80n. In conne¢tioTr wlh w audrt of ihe fvancial staten*nts. our ￿pOnSibIty is to ￿ the olher information and. in doing so, conswjer vthetherlhe other inlorrnakn¢￿ i5 fnaienalty inconsistent wth the financial staternellts or our knovAedge obtained In a￿Jrt or otherwise appears io be materially nwsstateO_ If we Mlenlfy such materia inrA)nsistencies ￿ apparent malerial m￿staternents, we are req￿lre(l lo delerminÈ whether there rs a rnalerial miSstater￿n1 in the finanaal statements or a rnaterial rnisstatemenl ofthe other •)fc¥rnation. If. based on the work we have performed. we conclude that there is a materd mk8stslement of this other knf0rma￿n, wt are r8quirod ￿ r•p(¥t that f*L We have IM)t￿"Thg to reFw)rt n this regard. Oplnlons on other matters prescribed by the Companies Act 2006 In our opini￿. baseLI on the work urnkrtaken in the (Kwrse ofthe audrt.. • the inforrnalx)n given in the T￿steeS. Report Iwhith incl￿e$ the di￿¢10￿. rep(¥t prepared for the purpo￿5 of company Jawl foi the financk41 year for whKh the financial statements ar8 prepared con515terbt wth the financial stalernents., atKF • the dreotors, ￿[￿*1 included wilhin the Trustees, Rerjyi have been prepared in accordance appl￿b￿l¢gal fequitomenls. Matters on whlch we art requlrtd to rèport by exceptlon In Ihe Itght of the knoknledge and u[KI8rsta￿1Ing ol the group and th8 P8rent charita￿8 mpany and its envinnment obtatned in Ihe o)uise of the audit. we have not Klentrl malenal mtsstatements in Ihè Trustees. Repofl [Wh￿h ￿C￿rateS the direclots. rèporti. We ha￿ nothing lo reFwJl in iesrect ol fc4hMng matters n ￿latK)n lo whth the Companies Act 2(KI6 requwes us to reFMWt to you rf. in OLV opinM)n'. • adequate accc4Jnting records have not been kepr by the pareni chaiitsble company., or the pa￿nt Charlia￿e wmpany finartial 5taternents are nol in ￿reement with the aCC(￿n￿n9 re￿d$ and relums. ¢x • cert8in disi*)sures of trustees. remuneratk)n specjfied by L9w are not made., or • we have nol ieceNed am the 1nfrXmat￿ and expLAnatsovs we require lor our audit,. or • the Trustees were not entrfed to prepare the financial stat￿ents in ￿rd8t￿* with the small companies ¥egime and take advantage of Ihe smau cotnpanies. exetnpkn.ons in pr8parin9 the Trustees. rew)rt and fr4yn the rw4uirernent lo prepa￿ a strategic report. Abbey co[rffi￿lty Asswralion Limited 14 Independent auditors. report 31 Maich 2021 R85ponsibiliti•s oiirustees As eX￿ained MO￿ lully in Ihe Imstees. reswjnstxlities 51ateTnent as set wt on page 15. th8 trustees I￿￿) are asso Ihe d￿eCtorS ot Ihe charitabk company for the purposes of cornpany lawl arg responsible for the p￿paration of the financ￿ staternents and being satisf*d that they giv• a true aNI lair view, and lor such interrbal coTrtrd as the truslees delerrnirTr8 15 ecessary lo enable the weparatK)n ol finawal siaiemenis thal are free from materkal mi8Statemenl. whether due to fraud or e¥TOr. In prepaiN￿ the fIn￿Ck￿l statemerbts. the trustees are ￿pOnS*ll￿ for assessing the group's and the parent ch*itatAe company's ability lo conlinue as a wirKJ cMcem. discthing, 85 applicab￿, mailers ￿lated lo going concem and using th8 goirKJ cotKern bas6 ol a¢counlmg unless the trustaès eilhw intend lo &quklate Ihe group or the parent tharilable wmpany or lo ceas8 operations, or have Th) realisb"c attemattve bul to so. AuJmpfkgr￿e with Laws and reQU￿11)n$. To add￿&* the tisk of fraurt t￿L￿h rnanagement bias aTrJ ￿err￿￿ of￿￿tr(￿S. wo.. pthrffl8d analYb￿ IKocedures to ¥Jentify any unusual ￿ urexpecled r818tionships: revithved p)urnal en¢Ties to identify unusual trartsackn(x)s". assessed whelher jtylgements as5umplK)ns m3de n determining the account•ig estirTrate5 set out in the accovnting polic￿$ were indrative of tx)tenti81 L¥as." and investigated the ralK)nal8 b8￿.nd %gnificani (x unusLAI tsansadions. In response lo the risk of i1regu1ar￿eS and non-cotnplrance with and wulations. we designed proceduffjs which ir￿Uded. tjut were rA)t limited lo.. a￿ee￿g fitwi(xal 5tst8ment dtsdosures to urvjertymg suppc¥ting d0￿Menta￿'9n.. reading minutes of meelivgs ofltw tmlh governan￿.. enquiring of m8nagemènt as to adud arKJ fftnb"a i￿"ga￿)n aThJ cJain75. There are inherenl limilatK*nS in Iwr audit pr(#xlLxes desuknd abov¢. The I￿re refftoved that laws and regulatw)n5 are frotll financial transaclions. the ￿$S likely It is Ihat we would become aware of fK)n-compliance. Audilw slartdards also limit the audrt procedures required to ￿entify non-com￿lance w*th laws and fegulaliov15 lo enquiry of Ihe trustees and (rther snanag8ment arKI Ihe insp8CtK)n ol regulatory and Wl CO[￿sp￿dence. rf any. Materi81 misstatements that arise due to fraud ran be harder to detect than those thal aftse trom err as they may involve deliberate a)ncealrnent or collusK)n. A furthef descftption ol our resprmsibilil*s is avatlable on the Fsnanciai Re￿￿'n9 C(xJn(a's website at www.frc.org.uklauditorsresponsiknbti8s. d8scriplion [offl￿ part of auditofs lewt. bbey cornm￿1ty Ass(Kiatson Limited 16 Independent auditors, roport 31 March 2021 Use of Ouf report This report is made solety to Ihe tharitatrAe cornpanls members, as a txyty, In accordance ilh Chapter 3 of Parl 16 of the Compan￿$ Act 2(K)6_ Our athlil work has been undertaken so that we rn¥Jht 51afe to the ¢haritable cDmpany'5 mernbets those matters WÈ are required to state to thetn in an Auditor's report and for r￿ other purpose. To the fullest Èxlenl permitted by law. we (k) not accept or assvme ￿$[M}n￿bIlfy ¢0 anyone other Ihan the chalit8￿? company aThJ Ihe charitable companys membets as a tw. forouraudil work. for this ￿pOr￿ or for the opinions we have fom)ed. fvz¢a-I Eoward Finch (Senior Statutory Audilorl Fu and on behalf of BUZza￿tt LLP. Statul(%y Audil 130 Wood Street London EC2V 60L Abbey Commurrity Ass{K￿l￿n ￿"nited 17 Consolidat8d slatsmont ot financial activities Year lo 31 March 2021 Ilrtorpoialing an 1￿me and expe1￿￿tu￿ wunl) Un- Total Tfrt81 tu es D(MwIist aThJ net realisable value. Debtors Trade and other debt(￿$ are rec(wJnwJ at the sèitkment affl￿￿[ due after any trade discount offered. Prepayrnents a￿ va￿d at the gm(MJnl wepaKI r￿1 ofany trade dL8counts due. Abbey CorTwntmtyAsscKiation Limitèd 21 PrSn¢ipal accounting polIc￿S 31 March 2021 Creditors and provisions Creditors and provision5 arè r8¢oynised where the chariiy has a pr￿SeTr1 otrAgatvJn r8sulling from a past event that will PfobaLSy result in the transfer of lunds lo a third party and the rTK)unt to setue the obligation can be tnaasufed or eslinal8d reliaLIy. Creditor5 arnl provisths are r￿alty recOgn￿d al theiT 5etUement 8mwnt aner allowirvj for any trade discounts due. Income Incoming resourc85 are I[￿dEd on an a¢cnJals basts in Ihe Statement of F￿anCIal Acl'wties when the criieDa of enlitkment. probablity ol receipt and measurability have been met. Donated faolities income ￿{￿esentS Ihe rental cost of the Weslminsler Cty Countil Pr￿lse5 which is makhed by an equal anmwnl Of￿an1 Expenditure Expenditu￿ is recognised ifi the siatement ol Finanryal Acbvllies ty) an accruals basis. rect costs a￿ Charged to costs of generaut¥J lunds. community acts"vilies or govemance 8s approprrdte. SuptK*t costs ar8 alo(xted lo cost of 9wrabng funds or charitable activities on Iho basis of ostimaled Usa￿ of the relat8d se[v￿5. Funds Un￿StrICted funds These fun¢$ are expendable at the disffttw)n of the Board of Tru51ees in furtherance of the ot¥'ects of Ihe Asso(aal'on a￿1 include the Property Fund lo pro￿de forexpendilure required urvjer the tem￿ of the lease and Ihe Core Projecls Fund. Oesignat8d funds This fund is set aside by the trustees oul ol unrestricted lunds lo retiecl the arTJOUllt tiod up in fixed assets. Restricted fvnd$ The Restricted Funds are to record grant incorne whKh is lo be used sn accordance with speofic restrictions irnposed by donors and used for pathcular purF¥)ses. Further details have baen wovhjeil in ncle 12. Operatlny kasgs Expelldrtu￿ arisiThJ from operating leas8s is charged to the Statement ol Finan¢5al Activities in the period to which the lease paymeni relates. Abbey COrnM￿ltyAssOcIalth?n Lirnrted 22 Motes to the financial statements 31 Marth 2021 1 Donations and legacies VwreT￿qd fvDds lufids 2021 2020 f51.50 fT4.1SD 7T,187 3.719 4￿.626 2￿379 675.C#)S The eharrty r￿1Ve￿ a ca)￿ grant from Westminster City Counal wluch relate5 lo th• service level agreement wth City of Weslminster. A fuu brèakdown of the [eStr￿le￿ grants received C8n LE fouThl in note 12. 154.5DO 4J9.529 71.187 1S4.XXJ 151. 321.110 Grants COWDryan 261379 281.110 7.043 268.152 7.042 483fi.E2 Total fund5 214 2 Trading a¢ti¥itk$ Unl&5th￿ed Y•ar•ndgd Year en 31 31 Marth ?020 19,452 255.737 95.467 71.597 21.710 444.511 Café Cate￿I¥j if￿(￿1 1230} 12001 Olhtt ￿adIng Yic(me T•tal fMds This income r& generated en￿relY Irom Abbey Comrnunrty Services Lirnited. Negative in(x)me wesents Ihe exixss ofrefunds over i￿Nn8 generated wi the per*)d. 3 Analysls of expen(titure Sufvwt Gow•rnanc¢ ¢05ts TtstAi 2021 Dtrect c￿1% oIg•norallryf￿ts Trad￿g expon5e5 9J17 1.759 93,550 589.57T 672.059 1113.M2 112.319 1ZZ14 119T3 704.793 798.351 Tot 31.765 211,476 702.397 676. J08 87.463 12&228 9.812 9.812 799.672 (￿lY the ath1rt fees and dwect expenses have been induded wilh1n Goverllan￿ costs. The Chief Ex8culive and senior rnanagetnenl'5 lime have iEen recognised within Cornmunity aGlIw￿e5. Abbey COnvnL￿lty Assocthn Litnled 23 Notes to the financial statements 31 March 2021 4 Analysis of Support cost5 and governance costs FiparK iagemwt& Total Tr&JwpJ expenses c￿M￿n#Y￿A￿ltUr 3.7Th9 69.7 9,317 103.002 13.975 126.292 33372 1J.973 $2.8S3 n.439 ro 17.212 37,765 87.463 9.812 13&040 61.47t 9.812 51016 82.024 S Staff costs Total 2021 Totsl 2020 Wages aThY $aL8r￿S Soclal security CtsLS Pwsions 438.053 34,269 23,890 496,212 475.613 36.102 33,662 545.377 Average staff numbers for the year". 2021 No. 20 No. Ch8rfta￿e aclmbes Trading Suprrt)rt 19 18 Mambars ofthe Ccwnul did not fe¢eive any fees ￿ other emthments for their Ser¥￿S nc did they rec8Ne any r8wnbur5ed 8xpeiws. The tot81 empkjyee beneffts ofthe key Manage￿￿r￿t persMn81 of Ihe Group were £198.358 12020.. £166.0321. AJI Ser￿ man￿ement also perform a rcle in the dIr￿t operation4 8CtMties ol the charity. During ¢he year. 8￿ty)yee re(%ive¢J ￿mUneralK)n falling wittun the £70,000- £80,(X)o banding12020. £60,(KIO 10 £70,(MYJ bandiThJ- 0￿1. Abbey C(¥nmunty Association Limited 24 Notes to the financial statements 31 Mar¢h 2021 6 Nel expendoture Not expendilure ￿ slatod after chwgirvJ Totsl 2Q21 Total 2020 Audilols rynuneraSL ex VAT 8.150 8.750 7 Tanglble flxed assèts Fumiiue & bbey & Charity t￿￿M￿lity equipn*ni 2021 Group Tg Cost At olyear 5T.TOZ 57.702 97,960 J,D13 57.7tr2 57.702 101.003 Al ofye Cwe foi Al end ol 41.619 4.704 46.323 18.445 60,064 12,606 7Z.67D 26.347 Net l)oo* At 3t 2Q21 At 31 Marth 2020 11.379 11.379 16,Q83 16.954 21.813 28.333 37.896 8 knvestmenls The inveslrnent consists of all Ihe share c8Pital of Abbey Comrnunity Seryices Limited. a company regi5ter8d in Engbnd and W￿e5. The investsneot was transferfed at cost frun Abbey ComnNJnty ASS(￿￿1￿)n. the companys ryedeces501 imxty. For the year 8ThJad 31 March 2021, Abbey Cornmuntty L¥Dited h&J tumover ol £L.24812020. £444.5111 and made a k)ss of £36.132 12020. profit of £233.0351 before gift aK1 donatk)n of £Nil12020.. £233.0351. The net liatsltbes al31 March 2021 were £31.238 12020". nel assels £4.8961. 9 Debtors 2Q21 Charity Group Chaiity Group Tiade deblofs SLnthy debtors a￿1 prepa￿Trents (khertaxes 8nd $￿U Amaunl du2 from Cmmunty es LitrNl8J 18.616 37.201 8.277 23.792 18,437 57.694 5,055 8277 105.492 169.586 302.8D8 326.301 72,597 62.749 Comfflunily Association Lirnrt8fJ 25 Notes to the financial statsments 31 M¥ch 2021 10 Creditors: arnounts falling due vAthln one year 2021 Cha[￿Y 2020 Charity Group Grtyjp Trade cre(itor5 Olheruedilors Olhertsxes aTKI ￿al sÈcth Acc￿￿15 127.184 2.465 9.438 48.228 187,315 136.370 6.9BI 3.282 14.359 52.152 76.774 12.072 3.282 14.3S9 Y.6S2 84.365 $3.617 201.890 11 Unrostrlctod funds 2020 Cha￿Y Gonoral fvnd Group Balan￿ Bt slart of year DefI￿fer ts year Trallsfer frDm (lol restithd fLknJ Transfer from (lol de5NJnated furNJ arisirvJ fTOtn TnDvÉmÈnt in valuè ¢￿fixed asse Bal*ce 81 end of 187.305 49,7621 45.607 170.385 185.8921 45,6Q7 219,805 115.1851 11.2321 208.637 115,1851 11,2321 4704 187.B54 16,083 187.305 121.8351 170.385 ar 139.663 2021 2D20 D•slgnat*d Group Group Balwce 8t stsrt of year Transferfri¥rn Itol desigThaied fuTrJ ansry otri TrK)vernpnt In value olfixed assels Baan(* at &rKt ol 16.1183 37.896 16.(A11 4,7¢MI 11.379 ,5631 28.333 16.083 16.083 21.835 37.696 designated fuf¥J represents the ne¢ book value of the I grw fixed asse1& Abtw Comr￿Tbty Assctiatp)n Limited 26 Notes to the financial statements 31 March 2021 12 Restrlct8d funds A131 2021 MiHion-SWAM BME ￿8allh F¢YLYn- Wemw me BME CryNnunity WCC CtharyyhyrS and InthvKlua dDnalWS- Tea Pdrty ￿D- CSR Locdwing. Hot Me* ServKe WJ LOtt•ry Fund-WOW SWI WCC. Pa￿nI￿ EmF4oyrrnnl Pwt WeS￿l￿18rAbb@y- Hot Mè* Serv SIGibs In tho S￿￿0￿ Eth¢a￿al ￿arity- Chldrw. Y(x Peop￿.5 ProiKI WCC- wésts￿1￿￿1&r Freethjffl Ch E￿￿￿. PhswAI 812 1.627 18.2531 174 13.743 3.449 2>13 156.IX)1 13.9411 2D,676 3.449 426 102 8.581 2674 15.155) a73 18731 146 11.3811 Irnp9ri¥ VDbJnieer Exp￿￿5 N3lionW Ldtèry Commuw FU￿-￿apPY T(ylW DNg ar￿ AccthIWel￿ry SerwKe'. TwnMyJ PoTI- After #MyW&5trn1nslerFw￿-￿wcmBn's FIrt5S Pr(¥xt RBKQWCC. 08mBnfja Event Nation￿ L(thry Awards fc¢AI- EOiAP- Women Empknyffl￿ SLWLKrt WÈstnNns￿rC￿rCh Lorthn Fundth3 C￿r(￿unty Re¥*y The STnth 3nd M(wt mi￿050￿ QCF- 5g¢rtEngknd. Enwnty Fw WCC. CoMLyayCoMribA￿ COm￿l9G[all Sthgm tm7 16.007 18.4 t40.4821 14.7481 455 {1.3201 111.2561 110.(r351 15.4001 7.976 17.9781 1.W 11.5(v.ts) 14.(MXY 111.Eé71 4.￿3 14.5631 3.437 167 18,314 11,9521 Ir 12.786 112.7861 (23.4051 B￿E.￿￿1￿￿T 12401 13571 olgit￿ ThvktÈ. St GileS￿d Ge WAES. WÈstmirtsterin F*oyessi WCC. Re*y W 11.030 13.640 {7 3461 (1,1911 (T621 2,493 12.759 EOUIP Pr4ed ￿21 4.737 4.870 56S 130m5 265.379 ￿￿(18A21 {2.￿31 2.Q54 3.103 The most swJnrfiG4nl ftjnds are.. The WCC publ￿ Hearth funded Communty Champions project recrurts. trains and supports k)CAI resiéents to idenlify health and wellbeing issues that affect the communtty and develop initialives to addre55 Ihe5e. Th8 Big Loltery Funded WOW proierj ￿p￿lS"ha￿d to rexh" women. partI￿18￿Y those frc¥n tho Muslim community and those not speaking EnglK8h a5 a first language through Ihe provisvjn of volunteenn9 and work experience placemenls, help wth job Search. applicalK)n arKI Interview skills ￿¢j asgislance setting up bU￿r￿SseS af¥J enleiing selfémpbyrnenL Abtw Community Association Limited 27 P4otes lo the financial statements 31 Marth 2021 12 Restricted funds Icontinuedl Happy Together 15 a project fvnd8d by the National Lottery Comunity Fund. which sUPPOtts people living with dernen￿a and Iheir e2rers by providing awareness training. a range of activities lor people with dernenlia an¢J ￿gUlar clinic5 Wtlh nlirses provided by Dementia UK. Details of the other funds ha¥8 be8n wovided sn tTKKe deta￿ in the trustees report. At31 Mar 2020 2019 Ex￿￿re Tr￿fer5 P￿cO Mdkn-SWAJ4 BME Heallh Fuurn-E￿ Welb*g &Ythb BME Cofftmunlty WCC Pub￿¢ Fkntth-CoihiwJDty Futwal 17b (4.364 18.450 2277 15.024 348 .511 161.79 t3481 13.1JB} 13,T43 WeStm￿ster*I￿{rn￿¢ed Chwiim-hbt 7 5601 V￿l0113 BID-fvfjrd CSR F LO￿￿ng. Hoimeats ￿1(¢ Lottery FwvJ- WOWSbYI WCC-Mert* F*allh WCC. E￿￿oY￿￿)t WestmlnsterAbrw- kbt K4eas Sefykè Awaidslor Al- Fit It In". Fftness 51 GI￿ In the Wlliam St￿￿ el￿￿0￿81 Chwty-chiltron. FaTuIBs Y¢w Peiyk's Prq *MYwestmin*erF￿.Te3 D￿$ BME Fwum. LTrvB Wal WCC- Wesrminsiei Freethm ChAr 4.4SJ {1.(K)11 IB6.$611 11661 {2.5551 11.3261 102 66.9 3.636 7.slj 8.SBI 2.674 16.7491 Tfft2 (1681 12.8521 {2.7031 2.841 146 Itrfiwdual (k￿1￿5. ￿daY Qub 137 (5.9191 12.(W WCC bvard ￿geL%- Me* Santandor- Discovèry Oays hn Lyons ChaFty. Paremtsry PrOw￿rn TheA5hden T[￿t- Hot Weslm￿sterAd￿t Hub Imp8n* L(yth.VobmteerEApews 1399 4.097 8.178 1834) 14.457 1&1781 {S.889 Bt2 622 18.429 47.359 128.9301 {1.6541 Oivy antt Ajcrm Weknrwj Serb*t Tumifv) PrArt- After Sthwl aub #mylvestm￿SIerFund- wrne￿.$ FIiWS5 Prcè(* R8KCNCC- ￿ern￿ba Eveni NaIK￿4 LUIFryAvoO5 f(rAH-WWLYwwJ Pr(yecl 855 1,3Z 1.13Z 1289 9.949 121.651 268.152 9.949 130.895 12eA>.1401 1.232 Abbey Comm￿￿ty Asw*M)n ￿[￿tted 28 Notes to the financial Statements 31 March 2021 13 Analysis of net assets by lund General Deslgnated Re$iri¢ted fund lunds Tolal 2021 Grou Fixed assets Net current assèts 28.333 28.333 224,9S1 2S3284 139,124 139.124 85,288 8S,288 28.333 Gentrrd D*$byrbat￿ Restrict*l fvnd nds nds Tolal 2021 Charl Fixéd assets In¥esthwnts Net ¢uirent assets 11.379 11.379 187,853 187.853 85,288 85,288 273,141 284,522 11,381 CornparalNe ol net assets by fvTh1= Gene(al Deswied Resi￿ad funds funds Total 2020 Group Flxed assets Net currentassets 37.8 37,8 301.280 339.176 170.385 170.385 130.895 130.895 37.8 Tolal 2020 Jnds hJnds Fixed a55ets Investrner Nel cuffenl assets 16.OB3 16.083 187.325 187.325 130.895 130.895 318.220 314.3D5 16.085 14 Related party transa¢lions In the year. one truste6 re¢eN￿ a lotal 01 £8 in 8XP8ns8s12020 - £16 to ibyo truste8sI. 15 Operatin9 lease On 1 April 2018 Ihe Charity enltred nlo a servKe aweernenl Westrninster Cty Council for the s￿￿CeS delwwed at the AbLw Centre wh￿h are diTeclty i*d to the occupancy olthe bu1￿1n9 wllh an annual payrnenlof£154.5001o be received by Ihe Charity- This all￿¢ment is co-lwminous wih Ihe lease on 34 Greal Smith StreeL which runs lo 31 March 2023 ￿th rent payable at the tste of £123,000 per aMLml. During the year ended 31 March 2021, the first quarte<5 renl *ras lomally suspended by IhÈ ￿t￿lord and the Chanty fett Unab￿ to P8y the remaining three Quart￿$. ￿nt due to uncertainly over it5 trading income t￿oUgh1 ab￿lt by Ihe pand￿￿. T￿OUghoUt thi5 peri(¥J. the Chatty ha5 been in regular conlacl with Weslminsler Cily Counul. wlv) hav8 confirr1￿ thai no enforc8fflenl action wll taken over any rent arrears and tx)th parties are wotking towards a tnutually accepl8bl8 r8sohJticMJ d the matter. Abw CorrThuNty A￿la11)n Limited Notss to the financial Statements 31 March 2021 15 Operntlng lease l¢orbtinued) At 31 Maich 2021 thechatityh•J l(*Y*iThJ fulure lease paYn￿nIS Und8rnon-ca￿￿lab1e operating leases". E4tsipmeTht Equipment 2021 2020 LÈSS than one year Between iwo ano fve yeas 6,929 6.929 AbtEy Community Associats"on Llmrted 30