| Reports | |
|---|---|
| Referenceandadministrativedetails | 1 |
| Trustees'report | 2 |
| Independentauditor'sreport | 11 |
| Financialstatements | |
|---|---|
| Consolidatedstatementoffinancial | |
| activities | 15 |
| Balancesheet | 16 |
| Consolidatedstatementofcashflows | 17 |
| Principalaccountingpolicies | 18 |
| Notestothefinancialstatements | 20 |
| Trustees | MrJBuckingham(Chair) |
|---|---|
| MrDGilchrist | |
| MrRPerera | |
| MrRWalters(Treasurer)(resigned30th | |
| August2023) | |
| MsSWestell(resigned15thMay2023) | |
| DrJWilkinson | |
| Observer | CllrTMitchell |
| CEO | MarkLinehan |
| SeniorManagementTeam | GeorginaDeadman,BusinessandEvents |
| Manager | |
| AdamGreenhalgh,HeadofCommunity | |
| Programmes | |
| Address | 34GreatSmithStreet |
| London | |
| SW1P3BU | |
| Website | https://www.theabbeycentre.ora.uk |
| Companyregistrationnumber | 05373711 |
| Charityregistrationnumber | 1109442 |
| Auditor | BuzzacottLLP |
| 130WoodStreet | |
| London | |
| EC2V6DL | |
| Bankers | CAFBankLtd |
| 25KingsHillAvenue | |
| KingsHill | |
| WestMailing | |
| Kent | |
| ME194JQ |
| 2022/23 | 2021/22 | Change | |
|---|---|---|---|
| Members | 4,617 | 3,881 | +738 |
| Totalserviceusers | 7,391 | 6,416 | +975 |
| Attendances | 25,787 | 20,074 | +5,713 |
| 2022/23 | 2021/22 | Change | |
|---|---|---|---|
| Volunteers | 168 | 195 | -27 |
| Volunteerhours | 19,599 | 10,004 | +9,595 |
| • | AgeUKdrop-inservice | • | LondonCSSCTableTennis | LondonCSSCTableTennis |
|---|---|---|---|---|
| • | AlcoholicsAnonymous | • | NarcoticsAnonymous | |
| • | BonsaiKai | • | ObsessiveCompulsiveDisorder | |
| • | BosnianSupplementarySchool | supportgroup | ||
| • | StrictlyBallroom | |||
| • | CarersNetwork | • | ShenChiDo | |
| • | Dancebuzz | • | SouthWestminsterLegalAdvice | |
| • | DoinaEasternEuropeanFolk | Service | ||
| DanceGroup | • | TaiChi | ||
| • | DreamArts10 | • | ThriveTribe | |
| • | FossilFreeLondon | • | VictoriaIslamicCulturaland | |
| • | FridayPrayers | EducationCentrecoffee | morning | |
| • | Inspiration2Dance | |||
| • | WhitehallBallroom | |||
| • | ZivkoFirfovFolklore | Dancing | ||
| Group |
22 December 2023
| Un- | Total | Un- | Total | ||||
|---|---|---|---|---|---|---|---|
| restricted | Restricted | funds | restricted | Restricted | funds | ||
| funds | funds | 2023 | funds | funds | 2022 | ||
| Notes | £ |
£ |
£ |
£ |
£ |
||
| Incomefrom: | |||||||
| Donationsandlegacies | 1 | 238,119 | 369,153 | 607,272 | 238,029 | 367,499 | 605,528 |
| Tradingactivities | 2 | 362,371 | 362,371 | 206,902 | 206,902 | ||
| Investmentincome | 605 | 605 | |||||
| Charitableactivities: | |||||||
| .Hireofaccommodation | 60,040 | — | 60,040 | 37,644 | 216 | 37,860 | |
| .Activityincome | 7,981 | 23,508 | 31,489 | 5,786 | 15,776 | 21,562 | |
| .Otherincome | 10,779 | - | 10,779 | 50 | 1,353 | 1,403 | |
| Totalincome | 679,895 | 392,661 | 1,072,556 | 488,411 | 384,844 | 873,255 | |
| Expenditureon: | |||||||
| Raisingfunds | 234,285 | 234,285 | 130,535 | 130,535 | |||
| Charitableactivities: | |||||||
| .Communityactivities | 522,544 | 283,463 | 806,007 | 477,178 | 262,241 | 739,419 | |
| Totalexpenditure | 3 | 756,829 | 283,463 | 1,040,292 | 607,713 | 262,241 | 869,954 |
| Net(expenditure)income | (76,934) | 109,198 | 32,264 | (119,302) | 122,603 | 3,301 | |
| Transferbetweenfunds | 61,750 | (61,750) | 55,169 | (55,169) | |||
| Movementoffunds | (15,184) | 47,448 | 32,264 | (64,133) | 67,434 | 3,301 | |
| Reconciliationoffunds: | |||||||
| Fundbalancesbroughtforward | 13 | ||||||
| at1April2022 | 103,863 | 152,722 | 256,585 | 167,996 | 85,288 | 253,284 | |
| Fundbalancescarriedforward | 13 | ||||||
| at31March2023 | 88,679 | 200,170 | 288,849 | 103,863 | 152,722 | 256,585 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Charity | Group | Charity | Group | ||
| Notes | £ | £ | £ | £ | |
| Fixedassets | |||||
| Tangiblefixedassets | 7 | 16,640 | 42,061 | 8,272 | 22,826 |
| Investments | 8 | 2 | - | 2 | - |
| 16,642 | 42,061 | 8,274 | 22,826 | ||
| Currentassets | |||||
| Stocks | 2,365 | — | 2,070 | ||
| Debtors | 9 | 334,527 | 156,112 | 111,277 | 51,056 |
| Cashatbank | 204,049 | 373,556 | 397,959 | 471,241 | |
| 538,576 | 532,033 | 509,236 | 524,367 | ||
| Creditors:amountsfallingdue | |||||
| withinoneyear | 10 | (271,317) | (285,245) | (265,819) | (290,608) |
| Netcurrentassets | 267,259 | 246,788 | 243,417 | 233,759 | |
| Netassets | 283,901 | 288,849 | 251,691 | 256,585 | |
| Representedby: | |||||
| Unrestrictedfunds | |||||
| .General | 11 | 67,089 | 46,618 | 90,695 | 81,037 |
| .Designatedfund—fixedassets | 11 | 16,642 | 42,061 | 8,274 | 22,826 |
| 83,731 | 88,679 | 98,969 | 103,863 | ||
| Restrictedfunds | 12 | 200,170 | 200,170 | 152,722 | 152,722 |
| Totalfunds | 283,901 | 288,849 | 251,691 | 256,585 |
| 2023 | 2022 | ||
|---|---|---|---|
| Notes | £ | £ | |
| Cash(usedin)providedbyoperatingactivities | A | (62,104) | 125,813 |
| Cashflowsfrominvestingactivities: | |||
| Purchaseoftangiblefixedassets | (35,581) | (8,035) | |
| Netcashusedininvestingactivities | (35,581) | (8,035) | |
| Changeincashandcashequivalentsintheyear | (97,685) | 117,778 | |
| Cashandcashequivalentsat1April2022 | 471,241 | 353,463 | |
| Cashandcashequivalentsat31March2023 | 373,556 | 471,241 |
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Netmovementinfunds(asperthestatementoffinancialactivities) | 32,264 | 3,301 |
| Adjustmentsfor: | ||
| Depreciationcharge | 16,346 | 13,544 |
| (Increase)decreaseindebtors | (105,056) | 21,539 |
| Decreaseinstock | (295) | (1,289) |
| (Decrease)increaseincreditors | (5,363) | 88,718 |
| Netcashusedinoperatingactivities | (62,104) | 125,813 |
| Analysisofcashandcashequivalents | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Cashatbankandinhand | 373,556 | 471,241 |
| Totalcashandcashequivalents | 373,556 | 471,241 |
| Yearended | Yearended | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | 31March | Unrestricted | Restricted | 31March | |
| funds | funds | 2023 | funds | funds | 2022 | |
| £ | £ | £ | £ | £ | £ | |
| WCCcoregrant | 154,500 | - | 154,500 | 154,500 | - | 154,500 |
| Grants | 79,570 | 367,178 | 446,748 | 74,958 | 367,427 | 442,385 |
| COVIDgrants | — | — | — | 4,963 | — | 4,963 |
| Otherdonations | 4,049 | 1,975 | 6,024 | 3,608 | 72 | 3,680 |
| Totalfunds | 238,199 | 369,153 | 607,272 | 238,029 | 367,499 | 605,528 |
| Tradingactivities | ||
|---|---|---|
| Unrestricted | ||
| Yearended | Yearended | |
| 31March | 31March | |
| 2023 | 2022 | |
| £ | £ | |
| Roomhire | 202,780 | 141,763 |
| Cafécateringincome | 74,705 | 36,453 |
| Conferencecateringincome | 68,586 | 23,093 |
| Othertradingincome | 16,300 | 5,593 |
| Totalfunds | 362,371 | 206,902 |
| Analysisofexpenditure | ||||
|---|---|---|---|---|
| Direct | Support | Governance | Total | |
| costs | costs | costs | 2023 | |
| £ | £ | £ | £ | |
| Costsofgeneratingfunds | ||||
| Tradingexpenses | 184,575 | 47,550 | 2,160 | 234,285 |
| Charitableexpenditure | ||||
| Communityactivities | 718,637 | 78,280 | 9,090 | 806,007 |
| 903,212 | 125,830 | 11,250 | 1,040,292 | |
| Direct | Support | Governance | Total | |
| costs | costs | costs | 2022 | |
| £ | £ | £ | £ | |
| Costsofgeneratingfunds | ||||
| Tradingexpenses | 117,857 | 10,174 | 2,504 | 130,535 |
| Charitableexpenditure | ||||
| Communityactivities | 608,018 | 121,861 | 9,540 | 739,419 |
| 725,875 | 132,035 | 12,044 | 869,954 |
| Finance, | |||
|---|---|---|---|
| management | |||
| & | 2023 | ||
| administration | Premises | Total | |
| £ | £ | £ | |
| Tradingexpenses | 28,602 | 18,948 | 47,550 |
| Communityexpenditure | 14,558 | 63,722 | 78,280 |
| Governancecosts | 11,250 | - | 11,250 |
| 54,410 | 82,670 | 137,080 | |
| Finance, | |||
| management& | 2022 | ||
| administration | Premises | Total | |
| £ | £ | £ | |
| Tradingexpenses | 5,608 | 4,566 | 10,174 |
| Communityexpenditure | 36,852 | 85,009 | 121,861 |
| Governancecosts | 12,044 | 12,044 | |
| 54,504 | 89,575 | 144,079 |
| Staffcosts | ||
|---|---|---|
| Total | Total | |
| 2023 | 2022 | |
| £ | £ | |
| Wagesandsalaries | 450,051 | 393,331 |
| Socialsecuritycosts | 37,850 | 29,616 |
| Pensions | 25,129 | 21,923 |
| 513,030 | 444,870 |
| 2023 | 2022 | |
|---|---|---|
| No. | No. | |
| Charitableactivities | 11 | 7 |
| Trading | 4 | 4 |
| Support | 3 | 3 |
| 18 | 14 |
| Total | Total | |
|---|---|---|
| 2023 | 2022 | |
£ |
£ |
|
| Auditor'sremuneration(excludingVAT) | 9,929 | 8,750 |
| Tangiblefixedassets | ||||
|---|---|---|---|---|
| Furniture& | ||||
| equipment— | ||||
| 2023 | Abbey | 2023 | ||
| Furniture& | Charity | Community | Group | |
| equipment | Total | Services | Total | |
£ |
£ |
£ |
£ |
|
| Cost | ||||
| Atbeginningofyear | 59,489 | 59,489 | 44,256 | 103,745 |
| Additionsinyear | 14,444 | 14,444 | 21137 | 35,581 |
| Atendofyear | 73,933 | 73,933 | 65,393 | 139,326 |
| Depreciation | ||||
| Atbeginningofyear | 51,217 | 51,217 | 29,702 | 80,919 |
| Chargefortheyear | 6,076 | 6,076 | 10,270 | 16,346 |
| Atendofyear | 57,293 | 57,293 | 39,972 | 97,265 |
| Netbookvalue | ||||
| At31March2023 | 16,640 | 16,640 | 25,421 | 42,061 |
| At31March2022 | 8,272 | 8,272 | 14,554 | 22,826 |
| Debtors | ||||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Charity | Group | Charity | Group | |
| £ | £ | £ | £ | |
| Tradedebtors | 87,417 | 147,504 | 9,797 | 39,359 |
| Sundrydebtorsandprepayments | 6,323 | 8,608 | 8,072 | 10,307 |
| Othertaxesandsocialsecurity | — | — | 1,390 | 1,390 |
| AmountduefromAbbeyCommunity | ||||
| ServicesLimited | 240,787 | - | 92,018 | |
| 334,527 | 156,112 | 111,277 | 51,056 |
| Creditors:amountsfallingduew | ithinoneyear | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Charity | Group | Charity | Group | |
| £ | £ | £ | £ | |
| Tradecreditors | 239,004 | 246,698 | 219,797 | 236,740 |
| Othercreditors | 3,375 | 3,375 | 2,761 | 2,761 |
| Othertaxesandsocialsecurity | 28,938 | 17,865 | 9,393 | 9,393 |
| Accruals | - | 17,307 | 33,868 | 41,714 |
| 271,317 | 285,245 | 265,819 | 290,608 |
| Unrestrictedfunds | ||||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Generalfund | Charity | Group | Charity | Group |
| £ | £ | £ | £ | |
| Balanceatstartofyear | 90,695 | 81,037 | 187,854 | 139,663 |
| Deficitfortheyear | (76,988) | (76,934) | (155,433) | (119,302) |
| Transferfromrestrictedfund | 61,750 | 61,750 | 55,169 | 55,169 |
| Transfer(to)fromdesignatedfundarising | ||||
| frommovementinvalueoffixedassets | (8,368) | (19,235) | 3,105 | 5,507 |
| Balanceatendofyear | 67,089 | 46,618 | 90,695 | 81,037 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| Designatedfunds | Charity | Group | Charity | Group |
| £ | £ | £ | £ | |
| Balanceatstartofyear | 8,274 | 22,826 | 11,379 | 28,333 |
| Transferfromdesignatedfundarisingfrom | ||||
| movementinvalueoffixedassets | 8,368 | 19,235 | (3,105) | (5,507) |
| Balanceatendofyear | 16,642 | 42,061 | 8,274 | 22,826 |
| Restrictedfunds | |||||
|---|---|---|---|---|---|
| At31 | |||||
| 1April | March | ||||
| 2022 | Income | Expenditure | Transfers | 2023 | |
| £ | £ | £ | £ | £ | |
| PimlicoMillion—SWAN | 1,728 | 5,724 | (3,352) | (2,287) | 1,813 |
| BMEHealthForum—EmotionalWellbeingfortheBME | |||||
| Community | 494 | (263) | (231) | — | — |
| WCCPublicHealth—CommunityChampions | 21,980 | 53,000 | (44,314) | (14,206) | 16,460 |
| CorporateandIndividualdonations-TeaParty | 3,210 | (801) | (2,409) | — | — |
| VictoriaBID—MiniCSRproject | (1) | — | — | 1 | — |
| Localgiving-HotMealsService | 102 | (102) | — | — | |
| WCC-ParentalEmploymentProject | 3 | (3) | — | — | — |
| MondayClub | 744 | 3,915 | (1,402) | 1 | 3,258 |
| MartinMcLarenMemorial | 200 | (200) | — | — | |
| NationalLotteryCommunityFund—HappyTogether | 118 | (118) | — | — | |
| ImperialCollegeLondon-VolunteerExpenses | 2,612 | — | — | 2,612 | |
| DrugandAlcoholWellbeingService:TurningPoint—After | |||||
| SchoolClub | 142 | (10) | (132) | — | |
| NationalLotteryAwardsforAll—WellbeingProject | 19 | (19) | — | — | |
| EQUIP—WomenEmploymentSupport | 4,657 | (4,657) | — | ||
| DigitalDivide-StGilesandGeorge | 609 | (609) | - | - | |
| WAES-WestminsterinProgression | 1,559 | (284) | (1,275) | — | — |
| WCC-ReadyForWork | 613 | (613) | — | ||
| AbbeyCentreCommunityFoodPantry | 4,233 | 21,358 | (22,758) | 2,833 | |
| WCC-CommunityContributionFund-AbbeyCentre | |||||
| Connects | 581 | (120) | (461) | — | — |
| Athlefit-WCCActiveWestminster | (196) | 931 | (530) | 536 | 741 |
| VoluntaryCommunitySectorOutreach-WCCPublicHealth | 759 | (224) | - | (535) | — |
| TheAbbeyCentreWellbeingHub-ImperialHealthCharity | 2,117 | 1,788 | (3,455) | (450) | |
| MultilingualEmotionalWellbeingNorthWestLondon-BME | |||||
| Heal | (18) | 871 | (779) | (74) | — |
| WCC-WardBudget-Reach-out-WomenFitnessClub | 173 | (63) | (110) | — | — |
| WCC-HolidayActivitiesProgramme | 328 | (268) | (60) | - | - |
| WAES-Ready4Work | (3,519) | 8,637 | (4,072) | (1,046) | — |
| TNLCF-WomenOfftoWork(WOW) | 46,157 | 118,552 | (77,227) | (23,913) | 63,569 |
| CAFResilienceFund | 54,307 | 34,301 | (71,928) | (10,344) | 6,336 |
| WCCPH-CommunityVaccineChampions-"Westminster | |||||
| Protects' | 8,951 | 11,878 | (15,150) | (5,679) | — |
| EveryoneActive-PhysicalActivities | 60 | 360 | (1,530) | - | (1,110) |
| AwardsForAll-Cycling/Athlefit | - | 9,805 | (2,786) | (897) | 6,122 |
| SocialMedia-AG/GW | — | 500 | (153) | - | 347 |
| AfterSchoolClubTF | — | 18,000 | (6,264) | (2,136) | 9,600 |
| WCC-WestminsterSingsChoirTF | — | 2,492 | (4,779) | (621) | (2,908) |
| WCC-Kids'HealthyEatingProject—TF | — | 832 | (732) | (100) | - |
| WAES-BuildingResilienceandOpportunities | 10,106 | (10,864) | - | (758) | |
| AmbassadeursGroup-WomensActivities | - | 5,000 | (1,800) | — | 3,200 |
| GardenProject | 200 | (4,710) | - | (4,510) | |
| WCC-HealthyWinterGrantSupport | 7,000 | — | 7,000 | ||
| WCC-CostofLivingSupport | — | 5,663 | — | 5,663 | |
| AmbassadeursGroup-CommunityAllianceGrant | — | 60,000 | (200) | - | 59,800 |
| HomelessMeals | - | 102 | - | - | 102 |
| ShaftsburyFoodPoverty | — | 20,000 | - | - | 20,000 |
| 152,722 | 392,661 | (283,463) | (61,750) | 200,170 |
| undisalsosupportingtheCharitytobuildit needsinthe community. |
sresilienc | eandto | understand | newand | emerging |
|---|---|---|---|---|---|
| At31 | |||||
| 1April | March | ||||
| 2021 | Income | Expenditure | Transfers | 2022 | |
| £ | £ | £ | £ | £ | |
| PimlicoMillion—SWAN | 2,680 | 5,000 | (5,181) | (771) | 1,728 |
| BMEHealthForum—EmotionalWellbeingforthe | |||||
| BMECommunity | 2,174 | 4,000 | (5,072) | (608) | 494 |
| WCCPublicHealth—CommunityChampions | 20,676 | 55,416 | (49,321) | (4,791) | 21,980 |
| CorporateandIndividualdonations-TeaParty | 3,449 | 624 | (863) | 3,210 | |
| VictoriaBID—MiniCSRproject | 426 | (427) | (1) | ||
| Localgiving-HotMealsService | 102 | 102 | |||
| WCC-ParentalEmploymentProject | 2,396 | (2,050) | (343) | 3 | |
| MondayClub | 951 | (207) | 744 | ||
| MartinMcLarenMemorial | 200 | - | - | 200 | |
| ImperialCollegeLondon-VolunteerExpenses | 1,667 | 1,353 | (408) | - | 2,612 |
| NationalLotteryCommunityFund—HappyTogether | 16,007 | 10,841 | (24,356) | (2,374) | 118 |
| DrugandAlcoholWellbeingService:TurningPoint— | |||||
| AfterSchoolClub | 855 | (713) | 142 | ||
| NationalLotteryAwardsforAll-WellbeingProject | 3,432 | (3,313) | (100) | 19 | |
| EQUIP—WomenEmploymentSupport | 6,167 | 40 | (1,550) | 4,657 | |
| WestminsterChurchStreet-EmotionalWellbeing | — | — | — | ||
| Microsoft/LCF-Corefunding | 2,333 | (2,333) | — | ||
| DigitalDivide-StGilesandGeorge | 843 | — | (234) | 609 | |
| WAES-WestminsterinProgression | 2,493 | 11,029 | (11,037) | (926) | 1,559 |
| WCC-ReadyForWork | 12,759 | - | (10,836) | (1,310) | 613 |
| AbbeyCentreCommunityFoodPantry | 1,462 | 10,682 | (7,911) | — | 4,233 |
| EQUIPProject2021 | 2,064 | 14,210 | (14,724) | (1,550) | — |
| Peabody-CapacityBuildingAward | 3,103 | - | (3,103) | ||
| WCC—CommunityContributionFund—Abbey CentreConnects |
16,000 | (13,845) | (1,574) | 581 | |
| BMEHealthForum—ContactandTrace— Vaccination |
3,000 | (2,676) | (324) | ||
| Athlefit—WCCActiveWestminster | 1,620 | (1,280) | (536) | (196) | |
| VoluntaryCommunitySectorOutreach—WCCPublic Health |
5,015 | (4,256) | 759 | ||
| TheAbbeyCentreWellbeingHub—ImperialHealth Charity |
29,217 | (24,425) | (2,675) | 2,117 | |
| MultilingualEmotionalWellbeingNorthWestLondon —BMEHeal |
4,400 | (3,934) | (484) | (18) | |
| WCC—WardBudget-Reach-out—WomenFitness Club |
8,387 | (7,389) | (825) | 173 | |
| WCC—HolidayActivitiesProgramme | 6,500 | (5,533) | (639) | 328 | |
| WCC—FoodPantryinSouthWestminster | 30,000 | (5,754) | (24,246) | - | |
| WAES-Ready4Work | 8,696 | (10,916) | (1,299) | (3,519) | |
| TNLCF—WomenOfftoWork(WOW) | 72,901 | (22,496) | (4,248) | 46,157 | |
| CAFResilienceFund | 70,902 | (13,853) | (2,742) | 54,307 | |
| WCCPH—CommunityVaccineChampions— | |||||
| "WestminsterProtects" | 13,500 | (3,295) | (1,254) | 8,951 | |
| EveryoneActive—PhysicalActivities | 600 | (540) | - | 60 | |
| 85,288 | 384,844 | (262,241) | (55,169) | 152,722 |
Notes to the financial statements 31 March 2023
13 Analysis of net assets by fund
| Analysis of net assets by fund | ||||
|---|---|---|---|---|
| Group | General fund £ |
Designated funds £ |
Restricted funds £ |
Total 2023 £ |
| Fixed assets Net current assets |
— 46,618 |
42,061 — |
— 200,170 |
42,061 246,788 |
| 46,618 | 42,061 | 200,170 | 288,849 | |
| Charity | General fund £ |
Designated funds £ |
Restricted funds £ |
Total 2023 £ |
| Fixed assets Investments Net current assets |
— — 67,089 |
16,640 2 — |
— — 200,170 |
16,640 2 267,259 |
| 67,089 | 16,642 | 200,170 | 283,901 | |
| Comparative of net assets by fund: Group |
General fund £ |
Designated funds £ |
Restricted funds £ |
Total 2022 £ |
| Fixed assets Net current assets |
— 81,037 |
22,826 — |
— 152,722 |
22,826 233,759 |
| 81,037 | 22,826 | 152,722 | 256,585 | |
| Charity | General fund £ |
Designated funds £ |
Restricted funds £ |
Total 2022 £ |
| Fixed assets Investments Net current assets |
— — 90,695 |
8,272 2 — |
— — 152,722 |
8,272 2 243,417 |
| 90,695 | 8,274 | 152,722 | 251,691 |
14 Related party transactions
In the year, no trustees received a total of £nil in expenses (2022 - £16 to two trustees).
During the year, two family members of key management personnel worked in the café and were remunerated for a value of £2,307 (2022 - £nil).
15 Operating lease
On 1 April 2018 the Charity entered into a service level agreement with Westminster City Council for the services delivered at the Abbey Centre which are directly tied to the occupancy of the building with an annual payment of £154,500 to be received by the Charity. This agreement is co-terminous with the lease on 34 Great Smith Street, which ran to 31 March 2023 with rent payable at the rate of £123,000 per annum. The Charity spent much of the year ending 31 March 2023 negotiating both a new service level agreement and lease and has agreed heads of terms on both. The new service level agreement will be for five years with an annual payment of £170,000. With the previous lease having expired, the Charity currently occupies the building under tenancy at will and it is expected that a new fifteen-year lease will be signed with rent payable at £112,000 per annum.
Abbey Community Association Limited 26
| Equipment | Equipment | |
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Lessthanoneyear | 340 | 6,929 |
| Betweentwoandfiveyears | - | 6,929 |
| 340 | 13,857 |