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2021-03-31-accounts

REGISTERED COMPANY NUMBER: 02052268 (England and Wales) REGISTERED CHARITY NUMBER: 295501

REPORT OF THE TRUSTEES AND

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

FOR

ONE WESTMINSTER

DSK Partners LLP Chartered Accountants and Statutory Auditors 75 Park Lane Croydon Surrey CR9 1XS

ONE WESTMINSTER

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

Page
Report of the Trustees 1to9
Report of the Independent Auditors 10 to 13
Statement of Financial Activities 14
Statement of Financial Position 15
Statement of Cash Flows 16
Notes to the Statement of Cash Flows 17
Notes to the Financial Statements 18 to 29
Detailed Statement of Financial Activities 30 to 31

ONE WESTMINSTER

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

Trustees Report for Annual Accounts 2021

The Trustees, who are also directors of One Westminster (the "Company", for the purposes of the Companies Act), submit their Annual Report and the financial statements for the year ended 31 March 2021. The Trustees confirm that the Annual Report and financial statements of the Company comply with current statutory requirements, the requirements of the Company's governing document and the provisions of the SORP - FRS 102.

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objects of One Westminster remain:

i) To promote volunteering and the role of voluntary organisations to achieve any charitable purpose for the benefit of the community.

ii) To promote any charitable purpose and, in particular, the advancement of education, relief of unemployment, the protection of health and the relief of poverty, distress and sickness and

iii) To promote and organise cooperation to facilitate the achievement of the above charitable purposes and to that end to bring together in council representatives of voluntary organisations and statutory authorities within the area of benefit which are engaged in the furtherance of the above charitable purposes.

We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our work and in planning future activities.

One Westminster continues to deliver high quality services aimed at supporting some of the most disadvantaged members of the community. We retain our work supporting, advocating and enabling volunteering across the city, providing support, advice, signposting and networking opportunities within the Westminster voluntary and community sector including the facilitation and development of the Westminster Community Network. We also deliver a number of discreet direct services to older people, adults with learning disabilities, the unemployed and local families through our Lottery funded projects and council contracts. Our social enterprise - Time and Talents continues to work with employers to enable them to provide much needed highly skilled volunteers for local charities and community groups to assist them in delivering their own charitable objectives.

Public benefit

The Trustees have paid due regard to the guidance on public benefit produced by The Charity Commission and are confident that the work of the charity meets all the criteria for public benefit.

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ONE WESTMINSTER

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

OBJECTIVES AND ACTIVITIES ACTIVITIES, ACHIEVEMENTS AND PERFORMANCE - YEAR 2020-21

OVERVIEW

The year 2020-21 has been like no other. All our work has been undertaken against the backdrop of the Covid 19 pandemic. This has resulted in us having to adapt our ways of working, the delivery of our projects and the very nature of some of our work. As a CVS and Volunteer Centre, we have both had to adapt both our own work and support the wider sector to sustain their work, keep informed, reach their clients and increasingly work alongside Westminster City Council and our NHS partners.

The whole team, working from home, have managed to adapt, develop and deliver new services and maintain their existing work. They have shown exceptional resilience, commitment and passion throughout the year. The Trustees are extremely proud of the achievements of the team over the year and thank each and every one of them for their dedication and efforts.

In addition to the project information below, One Westminster, through the CEO, has worked alongside others to develop 2 new Third Sector collaborations - one across Kensington and Chelsea and Westminster - Community Health West London and one across NW London - Third Sector Together - 3ST. Both collaboratives are designed to enhance the likelihood of the voluntary sector securing health contracts in the future.

The CEO continues to play an active part in London Plus - the voice of the sector across London - by attending regular CVS Director's Meeting and leading for NW London on the work with the National Academy for Social Prescription. The CEO retains her role as Vice-Chair on the Young Westminster Foundation.

ONE WESTMINSTER'S WORK WITH AND FOR VOLUNTEERS

Volunteer Centre

Covid 19 had a major impact on the work the Volunteer Centre would normally carry out over the year. Our normal services of outreach and drop ins had to be curtailed. However, it was important the Volunteer Centre continued to support volunteering in the borough, which included the following:

-Over 80 clients attended the zoom monthly 'Introduction to Volunteering Workshop', which is delivered in partnership with Westminster Adult Education Service (WAES).

-Presentations to promote volunteering have included zoom Fresher fairs and progression week at Westminster Adult Education Service (WAES), City of Westminster College and presentations to promote volunteering at staff meeting at Westminster Job centre.

-Responded to over 250 volunteer enquiries during the year. Support included contacting clients directly through email, phone calls and signposting to current volunteer roles available, particularly through Westminster Connects.

-4 Zoom Volunteer Coordinators Network meetings been held, attended by 91 staff/volunteers from Westminster Voluntary Organisations. Guest speakers included Do-it Trust, Tempo, and group discussions included Westminster Organisations response during covid 19 relating to volunteering.

-Good practice support by phone and email to staff/volunteer from over 15 Voluntary organisations, including issues relating to volunteer policies, recruitment and DBS.

Volunteer Employment Support Project

The new Westminster Connects Volunteer Employment Support Project was launched in September 2020 following discussion and agreement with Westminster City Council. The aim of the project is to support the employability of unemployed Westminster residents by linking them up with volunteers who provide 1-2 hours weekly support for 6 months.

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ONE WESTMINSTER

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

OBJECTIVES AND ACTIVITIES

We worked closely with existing key partners such as Westminster Job Centre and Westminster Voluntary Organisations, which resulted in a high number of client referrals and self-referrals.

A number of our volunteers have also previously experienced being out of work so have a close understanding of the difficult and challenging times Westminster residents can face while being unemployed.

51 Volunteers Registered

52 Unemployed client referrals - this includes self-referrals or referrals through Westminster Voluntary Organisations 41 matches - volunteers matched with unemployed residents

8 Training sessions held - attended by total of 42 volunteers

Disclosure Barring Service (DBS)

One Westminster stopped providing a paper form DBS service to Westminster Voluntary Organisations in March 2020. This was partly due to staff changes, Covid 19 and that now over 80% of DBS's nationally are completed online.

We now use an online DBS service for all our volunteers for One Westminster and Westminster Connect projects who require a DBS check. We have processed over 200 DBS checks during the last year.

We provided DBS good practice support and information to over 30 Westminster Voluntary Organisations.

Voluntary Sector Support - CVS Service

Organisation Support

There continues to be a steady demand for local capacity-building and organisation support services. Although on-line resources are increasingly available, it is clear that local groups still require a need for advice and information on local resources, partnerships and information on overall governance and funding regimes for charities. This year we provided 164 sessions of 121 support for local charities.

Training events

We ran 7 sessions this year, mainly Meet the Funder events. Online meetings enabled us to develop a tri-borough approach, replacing the annual Funders Fair with a series of meetings with individual funders. This new approach has been welcomed by funders, for whom it is especially productive, as well as by organisations. Sharing presentations after the events has also increased the value of these sessions. Evaluations from training sessions are consistently positive, with no attendees finding them anything other than useful.

The team also took the lead for NW London on delivery of the Learning Together programme supported by Thriving Communities a programme led by the National Academy of Social Prescription.

Networks

We delivered 14 network meetings over the year. All of these were online meetings, and attendance equalled or exceeded that of pre-Covid times. Meeting evaluations have supported this positivity, as well as contributing regularly to our topic choices. We will be consulting members of all the Networks on possible hybrid ways of running networks in the future.

Westminster Community Network - 6 meetings Health and Wellbeing Network - 4 meetings Older People Providers - 4 meetings

Communications

Throughout this period we have used Mailchimp and Twitter as our two main platforms. Mailchimp is used for our fortnightly e-bulletin that goes out to around 1,000 subscribers.

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ONE WESTMINSTER

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

OBJECTIVES AND ACTIVITIES

Mailchimp - E-bulletin

From May 2020 to April 2021 we published a record number of e-bulletins: 27, by increasing to weekly publications to keep readers up to date with the fast-changing government guidance, medical updates and the local response. We ran some 700 stories in all covering the latest news, free training, funding opportunities, events, jobs and the latest research and comments on relevant subjects. We also added special features from time to time on topics such as Black Lives Matter and food poverty in Westminster, and these often increased the opening rates.

We saw a steady rise in the number of subscribers, on average around 10 a month (a record for us). In May 2020, the average opening rate of the e-bulletin was around 30% but by the autumn of 2020 this had risen to 40%. One issue scored our highest ever opening rate of 43%. Click rates too rose from 7.5% in May 2020 to around 10% - 11%.

Twitter - we published 217 tweets with info relevant to the pandemic as well as supporting the activities of local voluntary sector organisations. In total nearly 100,000 impressions were recorded and we now have just short of 2,500 followers.

Westminster Connects and Time and Talents Westminster Connects

The Time and Talents team has seen major changes as a direct result of the pandemic. The team has adapted, flexed and taken on new work, supporting the Westminster Connects service and running the Check in and Chat Service with new funding provided through WCC Public Health.

Over the course of the year, the following has been achieved:

-Supplied 150 volunteering opportunities to Westminster Connects published in 16 fortnightly Volunteer Newsletters since August.

-Supported 40 organisations to recruit volunteers for 53 different volunteering posts that were advertised in Westminster Connects newsletter.

-Managed 362 Westminster Connects referrals for volunteering roles at local charities

-Run ongoing weekly liaisons with charities to monitor and log actual deployment for Westminster Connects volunteers.

-TOTAL deployment of 100 Westminster Connects volunteers at local projects

-Hosted 5 Charity Q&A online sessions for Westminster Connects volunteers to meet local charities. The Q&A sessions hosted 25 charities showcasing around 70 volunteer roles to 100 volunteers who participated through the year.

Time and Talents

Kept liaisons with community partner organisations and charities' need assessment on a monthly basis

Facilitated employee volunteering for our clients:

Coordinated volunteering opportunities development.

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ONE WESTMINSTER

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

OBJECTIVES AND ACTIVITIES

Published 8 Time and Talents volunteering opportunities lists circulated to our corporate partners, the Responsible Business Network, BIDs and Business Alliances in Westminster.

Facilitated 572 hours of volunteering activities around 25 charities, involving 235 employees from the 5 Time & Talents employer partners, that directly benefited 2000 Westminster residents.

Facilitated nearly £5,000 in kind donations to cover project costs for materials for festive season activities, Christmas presents, winter warmers, and children's books, toys, plants and laptops.

Facilitated a fundraising challenge for the UKGI employees who raised £725 for the Marylebone Project for homeless women.

ONE WESTMINSTER'S PROJECTS

Befriending Plus Project

With the start of the pandemic, the Befriending Plus Project coordinator sustained her current volunteers and clients but developed and supported the creation of the Check in and Chat Service by helping create and deliver the training programme for staff and volunteers. From November, the Befriending Plus project re-launched as a fully functioning telephone befriending service. The project noticed a significant increase in referrals from diverse communities within Westminster.

A highlight was a collaboration with the Time & Talents team who were able to provide a volunteer from Warner Media to assist in putting together a Festive Booklet with heartfelt messages from volunteers and clients.

The project consistently receives high levels of volunteer enquiries, but inevitably not all result in a successful match. 77 new active matches were made between June 2020 and May 2021.

The project is continuously assessing how best to deliver its service in the light of Covid 19 including supporting volunteers around decision making around moving from telephone to face to face support.

We also retain strong links with other Befriending services in Westminster including Age UK, Octavia and Neighbour Care supporting their waiting lists with volunteers.

Learning Disability Volunteering Project

Adults with Learning Disabilities have been disproportionately impacted by Covid 19. All our volunteers were required to shield and protect themselves during the year. However, they all moved to meeting regularly on-line and we kept in telephone contact. During the year, the project coordinator moved into a Social Prescribing role and the Volunteer Centre team picked up supporting the group. We were delighted to be able to appoint one of our long serving volunteers to deliver this work on a part-time basis. She has provided a wonderful range of speakers and performers to meet the group off line and keep everyone engaged and supported.

We are extremely happy and lucky that all our group have kept well and happy throughout the year. They have recently met for a picnic and are really keen to go back to volunteering once the pandemic allows.

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ONE WESTMINSTER

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

OBJECTIVES AND ACTIVITIES

Social Prescription in Westminster

The year started with One Westminster commencing our role as manager of a new service in Westminster - the NHS Social Prescription Link Worker scheme. This involved One Westminster recruiting a team of Link workers working alongside GP practices within Primary Care Networks in the Central London CCG area. Our new team commenced their contracts on April 1st a few weeks after the first lock-down started! The team, funded through PCNs were complemented by 2 link workers reporting to the 2 mental health hubs operating across Westminster and funded by CNWL. Initially, the impact of the pandemic on Primary Care meant that the team could not fully engage with their GP practices. Westminster Council had established a new Westminster Connects service into which people could volunteer and report needs across the City. Following a request, One Westminster established a "Check in and Chat" service, training volunteers to call residents in need and offer support around food, medicines and mental health needs. The Link worker team played a key role in delivering this service during the first lock-down. Over the course of the year, relationships with GP practices were formed and the team was able to begin delivering their role as originally intended, albeit it, with the restrictions that the pandemic caused. In addition to their roles, the team helped out with vaccinations.

During the year Social Prescriber Link workers saw 1094 individual clients, face to face or remotely. They spent 22,592 hours supporting Westminster residents.

A full report and power point presentation on the work of the Social Prescriber Link Worker team over the year is available on our website - www.onewestminster.org.uk.

STRATEGIC REPORT

Financial position

The Charity's income was £869,455 in the year ended 31st March 2021 compared to £722,140 in the year ended 31st March 2020. The total expenditure amounted to £863,598 compared to £728,178 in the year ended 31st March 2020. As at 31st March 2021 the Charity has general free reserves of £82,483 from a total unrestricted fund amounting to £85,370. Overall, the total fund balance carried forward at 31st March 2021 was £146,971 (as illustrated in note 18).

Reserves and investment policy

Free reserves are defined as the net assets of the charity excluding those assets tied up in fixed assets or representing restricted funds. The stated policy of the Trustees is to set a target level of free reserves equivalent to three months future expenditure less amounts already held in restricted reserves. Free reserves as defined by Charity Commission guidance are equivalent to the charity's general reserve which is deficit. The Trustees are fully aware of the need to sustain a reserve for the charity's own operations.

The Memorandum & Articles of Association provides that the charity invests monies not immediately required for its own purposes in or upon such investments, securities or property, as may be thought fit. At the present time the Trustees' policy is to maintain all such monies on deposits earning a market rate of interest.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The organisation is a charitable company limited by guarantee, incorporated on 3 September 1986 and registered as a charity on 3 October 1986. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding one pound.

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ONE WESTMINSTER

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

Recruitment and appointment of new trustees

The directors of the company are also charity trustees for the purposes of charity law and under the company's Articles are known as members of the Board of Trustees (or the Board). The members of the Board are elected to serve for a period of two years after which they must be re-elected by the Trustees for a further three years but must not serve more than five years consecutively unless co-opted.

The Board elected Matthew Ayres to the position of Chair at their Board meeting on March 4th 2020. Matthew has continued to serve as Chair throughout the period of this report.

In June 2021, two new voluntary sector representatives were elected onto the Board. A further two business representatives are being recommended for election at the Board's September meeting.

Organisational structure

Throughout the year, the organisation has continued to be led by Jackie Rosenberg on a part-time basis, seconded from Paddington Development Trust. A memorandum of agreement exists between PDT and One Westminster allowing for the secondment.

This arrangement is meeting the needs of both organisations and is likely to continue for the foreseeable future.

Risk management

The Board of Trustees has in place an active risk register which is regularly reviewed. The register reviews all aspects of the Charity's activities and puts in place measures to reduce any risks.

A full set of policies and procedures covering all aspects of the charity's work, including health and safety, child and vulnerable adult safeguarding, financial management etc. is in place and is reviewed annually.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

02052268 (England and Wales)

Registered Charity number

295501

Registered office

37 Chapel Street London NW1 5DP

Trustees

Ms S Springer (resigned 15.7.20) E H K Yeo M Ayres Chair Ms S Annis M Hazell Treasurer Ms N Thalassis Ms P Fudlalla Ms V Etienne Ms H Nightingale (appointed 16.6.21) Ms H Taheri (appointed 16.6.21)

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ONE WESTMINSTER

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

REFERENCE AND ADMINISTRATIVE DETAILS Company Secretary

Miss J Rosenberg

Auditors

DSK Partners LLP Chartered Accountants and Statutory Auditors 75 Park Lane Croydon Surrey CR9 1XS

Bankers

Unity Trust Bank Nine Brindley Place Birmingham B1 2HB

OBSERVER

Iain Bott (Westminster City Council)

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of One Westminster for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland"

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

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ONE WESTMINSTER

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

AUDITORS

The auditors, DSK Partners LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 25 November 2021 and signed on the board's behalf by:

M Ayres - Trustee

Page 9

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF ONE WESTMINSTER

Opinion

We have audited the financial statements of One Westminster (the 'charitable company') for the year ended 31 March 2021 which comprise the Statement of Financial Activities, the Statement of Financial Position, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Emphasis of matter

In forming our opinion on the financial statements, which is not qualified, we have considered the adequacy of the disclosures made in note 1 to the financial statements concerning the entity's ability to continue as a going concern.

The entity is entitled to the reliefs provided by the Government as a response to the unprecedented COVID-19 lockdown in the United Kingdom. These conditions, along with other matters explained in note 1 to the financial statements, may cast significant doubt on the entity's ability to continue as a going concern. Our opinion is not modified in respect of this matter.

In auditing the financial statements, we have concluded that the trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Our evaluation of the trustees assessment of the limited company's ability to continue to adopt the going concern basis of accounting included reviewing cash flows and considering the general state of the economy and the entity's business.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Page 10

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF ONE WESTMINSTER

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Page 11

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF ONE WESTMINSTER

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentation, or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF ONE WESTMINSTER

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Romit Basu FCA (Senior Statutory Auditor) for and on behalf of DSK Partners LLP Chartered Accountants and Statutory Auditors 75 Park Lane Croydon Surrey CR9 1XS

25 November 2021

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ONE WESTMINSTER

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

Unrestricted
Restricted
2021
Total
Notes
funds
£
funds
£
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
15,734
2,030
17,764
Charitable activities
Grants and contract funding
5
10,000
738,600
748,600
Other trading activities
3
98,508
4,582
103,090
Investment income
4
1
-
1
Total
124,243
745,212
869,455
EXPENDITURE ON
Charitable activities
Direct costs
6
10,229
9,992
20,221
Staff costs
70,202
475,577
545,779
Support costs
67,079
230,519
297,598
Total
147,510
716,088
863,598
NET INCOME/(EXPENDITURE)
(23,267 )
29,124
5,857
RECONCILIATION OF FUNDS
Total funds brought forward
108,637
32,477
141,114
TOTAL FUNDS CARRIED FORWARD
85,370
61,601
146,971		 2020
Total
funds
£
5,839
471,929
244,367
5
722,140
84,864
364,533
278,781
728,178
(6,038 )
147,152
141,114

The notes form part of these financial statements

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ONE WESTMINSTER

STATEMENT OF FINANCIAL POSITION 31 MARCH 2021

Unrestricted
Notes
funds
£
FIXED ASSETS
Tangible assets
13
11,828
CURRENT ASSETS
Debtors
14
125,863
Cash at bank
92,426
218,289
CREDITORS
Amounts falling due within one year
15
(111,966 )
NET CURRENT ASSETS
106,323
TOTAL ASSETS LESS CURRENT
LIABILITIES
118,151
CREDITORS
Amounts falling due after more than one year
16
(32,781 )
NET ASSETS
85,370
FUNDS
Unrestricted funds
18
Restricted funds:
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
-
61,601
61,601
-
61,601
61,601
-
61,601		 2021
Total
funds
£
11,828
125,863
154,027
279,890
(111,966 )
167,924
179,752
(32,781 )
146,971
85,370
61,601
146,971		 2020
Total
funds
£
7,113
87,128
170,602
257,730
(82,511 )
175,219
182,332
(41,218 )
141,114
108,637
32,477
141,114

The financial statements were approved by the Board of Trustees and authorised for issue on 25 November 2021 and were signed on its behalf by:

M Ayres - Trustee

The notes form part of these financial statements

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ONE WESTMINSTER

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2021

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash (used in)/provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Net cash used in investing activities
Change in cash and cash equivalents in the
reporting period
Cash and cash equivalents at the beginning
of the reporting period
Cash and cash equivalents at the end of the
reporting period		 2021
£
(7,986 )
(7,986 )
(8,589 )
(8,589 )
(16,575 )
170,602
154,027		 2020
£
29,583
29,583
(2,603 )
(2,603 )
26,980
143,622
170,602

The notes form part of these financial statements

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ONE WESTMINSTER

NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2021

1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES

ACTIVITIES
Net income/(expenditure) for the reporting period (as per the Statement
of Financial Activities)
Adjustments for:
Depreciation charges
(Increase)/decrease in debtors
Increase in creditors
Net cash (used in)/provided by operations		 2021
£
5,857
3,874
(38,735 )
21,018
(7,986 )		 2020
£
(6,038 )
3,942
28,541
3,138
29,583

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.20 Cash flow At 31.3.21
£ £ £
Net cash
Cash at bank 170,602 (16,575 ) 154,027
170,602 (16,575 ) 154,027
Total 170,602 (16,575 ) 154,027

The notes form part of these financial statements

Page 17

ONE WESTMINSTER NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The presentation currency of the financial statements is the Pound Sterling (£).

GOING CONCERN

Since 31 December 2019, the spread of COVID-19 has severely impacted many local economies around the globe. In many countries, businesses are being forced to cease or limit operations for long or indefinite periods of time. In the UK this began on 23rd March 2020 and carried on well into 2021. Measures taken to contain the spread of the virus, including travel bans, quarantines, social distancing, and closures of non-essential services have triggered significant disruptions to businesses worldwide, resulting in an economic slowdown. Governments and central banks have responded with monetary and fiscal interventions to stabilise economic conditions. The charity is likely to continue to be affected in the form of loss of income, however it will benefit from savings in costs and therefore this will not significantly impact the entity's financial position.

The duration and impact of the COVID-19 pandemic, as well as the effectiveness of government and central bank responses, remains unclear at this time. It is not possible to reliably estimate the duration and severity of these consequences, as well as their impact on the financial position and results of the charity for future periods.

As part of the trustees' assessment of going concern, they have prepared detailed cash flow and profit and loss forecasts for the next 12 months. The forecasts have been prepared on an appropriate basis, taking into account the current economic conditions that exist.

After making appropriate enquires, the trustees have a reasonable expectation that the charity has adequate resources to enable it to continue in operational existence for the foreseeable future. They believe it is appropriate to prepare the accounts on a going concern basis.

INCOME

Grant and contract funding

Income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Voluntary income

Income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when received. The value provided by volunteers has not been included.

Other income

Income, including bank interest, is recognised in full when received.

EXPENDITURE

Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered.

continued...

Page 18

ONE WESTMINSTER

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

1. ACCOUNTING POLICIES - continued

EXPENDITURE

Resources expended are allocated to the particular activity where the cost relates directly to the activity. However, the cost of overall direction and administration of each activity, comprising the salary and overhead costs of the central function, is apportioned on the basis of staff time attributable to each activity.

Grants including grants for the purchase of fixed assets are recognised in full in the Statement of Financial Activities in the year in which they are receivable. Income is deferred when received in advance of the period to which it relates.

TANGIBLE FIXED ASSETS

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives at the following rates:

Improvements to Property - Straight line over the life of the lease Fixtures & Fittings - 33.33% on cost Computer Equipment - 20% on cost

Assets held under finance leases are depreciated in the same way as owned assets.

At each statement of financial position date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

TAXATION

The charity is exempt from corporation tax on its charitable activities.

FUND ACCOUNTING

Unrestricted funds are donations or other incoming resources receivable or generated for the objects of the charity without further specified purpose and are available as general funds.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes.

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund, together with a fair allocation of management and support.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The charity participates in a multi-employer scheme which provides benefits to some 950 non-associated participating employers. The scheme is a defined benefit scheme in the UK. It is not possible for the company to obtain sufficient information to enable it to account for the scheme as a defined benefit scheme. Therefore it accounts for the scheme as a defined contribution scheme.

TRADE AND OTHER DEBTORS

Trade and other debtors that are receivable within one year and do not constitute a financing transaction are recorded at the undiscounted amount expected to be received, net of impairment.

continued...

Page 19

ONE WESTMINSTER

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

1. ACCOUNTING POLICIES - continued

TRADE AND OTHER DEBTORS

CASH AND CASH EQUIVALENTS

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts.

TRADE AND OTHER CREDITORS

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

2. DONATIONS AND LEGACIES

During the year, One Westminster received no legacy payments and £17,764 in donations from various funders. For the year ended 31st March 2020 there were no legacy payments and only £5,839 related to donations from various funders.

3. OTHER TRADING ACTIVITIES

Sundry Income
Time and Talent
Rental Income
DBS		 2021
£
24,349
46,767
30,428
1,546
103,090		 2020
£
1,517
126,377
94,052
22,421
244,367

4.

INVESTMENT INCOME

INVESTMENT INCOME
2021 2020
£ £
Bank interest 1 5

continued...

Page 20

ONE WESTMINSTER

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

5. INCOME FROM CHARITABLE ACTIVITIES

2021 2020
Grants
and
contract Total
funding activities
£ £
Grants 748,600 471,929

6. CHARITABLE ACTIVITIES COSTS

Grant
funding of
Direct
activities
Costs (see
(see note
note 7)
8)
£
£
Direct costs
20,221
-
Staff costs
450,917
94,862
Support costs
293,003
-
764,141
94,862
7.
DIRECT COSTS OF CHARITABLE ACTIVITIES
Staff costs
Staff related costs
Other charitable costs
Premises costs
Bank charges
Bad debt provision
Consultancy fees
Depreciation		 Support
costs (see
note 9)
£
-
-
4,595
4,595
2021
£
608,339
6,330
12,557
89,026
725
5,652
37,638
3,874
764,141		 Totals
£
20,221
545,779
297,598
863,598
2020
£
442,689
24,551
21,572
107,851
627
240
38,918
3,942
640,390

continued...

Page 21

ONE WESTMINSTER

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

8. GRANTS PAYABLE

8. GRANTS PAYABLE
2021 2020
£ £
Staff costs 94,862 83,228
9. SUPPORT COSTS
Governance
costs
£
Support costs 4,595
Support costs, included in the above, are as follows:
2021 2020
Support Total
costs activities
£ £
Auditors' remuneration 4,595 4,560
10. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
2021 2020
£ £
Depreciation - owned assets 3,157 3,641
Auditors' remuneration 4,595 4,560

11. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.

continued...

Page 22

ONE WESTMINSTER

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

11. TRUSTEES' REMUNERATION AND BENEFITS - continued

TRUSTEES' EXPENSES

There were £nil trustees' expenses for the year ended 31 March 2021 and £Nil for the year ended 31 March 2020.

12. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Staff		 2021
£
545,482
43,600
19,257
608,339
2021
21		 2020
£
399,567
31,847
11,275
442,689
2020
15

No employees received emoluments in excess of £60,000.

13. TANGIBLE FIXED ASSETS

Improvements
to
property
£
COST
At 1 April 2020
15,465
Additions
-
At 31 March 2021
15,465
DEPRECIATION
At 1 April 2020
15,465
Charge for year
-
At 31 March 2021
15,465
NET BOOK VALUE
At 31 March 2021
-
At 31 March 2020
-		 Fixtures
and
fittings
£
21,548
-
21,548
17,270
1,546
18,816
2,732
4,278		 Computer
equipment
£
108,275
8,589
116,864
105,440
2,328
107,768
9,096
2,835		 Totals
£
145,288
8,589
153,877
138,175
3,874
142,049
11,828
7,113

continued...

Page 23

ONE WESTMINSTER

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

14.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
Prepayments
15.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Other creditors
Pension liability
Accruals and deferred income
16.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Pension liability (payable between one and five years)
17.
LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
Within one year
Between one and five years		 2021
£
101,864
263
23,736
125,863
2021
£
243
18,812
11,106
81,805
111,966
2021
£
32,781
2021
£
25,500
-
25,500		 2020
£
61,809
-
25,319
87,128
2020
£
835
16,394
10,782
54,500
82,511
2020
£
41,218
2020
£
34,000
25,500
59,500

continued...

Page 24

ONE WESTMINSTER

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

18. MOVEMENT IN FUNDS

Unrestricted funds
General funds
Designated funds
Restricted funds
Restricted funds
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General funds
Restricted funds
Restricted funds
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General funds
Designated funds
Restricted funds
Restricted funds
TOTAL FUNDS		 At 1.4.20
£
105,750
2,887
108,637
32,477
141,114
Incoming
resources
£
124,243
745,212
869,455
At 1.4.19
£
118,887
2,887
121,774
25,378
147,152		 Net
movement
At
in funds
£
31.3.21
£
(23,267 )
82,483
-
2,887
(23,267 )
85,370
29,124
61,601
5,857
146,971
Resources
expended
£
Movement
in funds
£
(147,510 )
(23,267 )
(716,088 )
29,124
(863,598 )
5,857
Net
movement
At
in funds
£
31.3.20
£
(13,137 )
105,750
-
2,887
(13,137 )
108,637
7,099
32,477
(6,038 )
141,114

continued...

Page 25

ONE WESTMINSTER

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

18. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General funds
Restricted funds
Restricted funds
TOTAL FUNDS
RESTRICTED FUNDS
Family Learning & Support (FLS)
Befriending Plus
LD Volunteering
Volunteer Outreach Development
Service
CVS
SPLW		 Brought
Forward
£
29,422
12,662
-
-
(9,607 )
-
32,477		 Incoming
resources
£
Resources
expended
£
Movement
in funds
£
248,619
(261,756 )
(13,137 )
473,521
(466,422 )
7,099
722,140
(728,178 )
(6,038 )
Incoming
Resources
Allocation
Carried
Resources
Expended
to
Forward
Overheads
£
£
£
£
118,139
(114,556 )
-
33,005
40,000
(34,885 )
-
17,777
22,236
(18,580 )
-
3,656
87,924
(87,924 )
-
-

246,746
(233,476 )
-
3,663
230,167
(226,667 )
-
3,500
745,212
(716,088 )
-
61,601

19. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2021.

20. PENSION LIABILITY

The pension scheme is subject to the funding legislation outlined in the Pensions Act 2004 which came into force on 30 December 2005. This, together with documents issued by the Pensions Regulator and Technical Actuarial Standards issued by the Financial Reporting Council, set out the framework for funding defined benefit occupational pension schemes in the UK.

SCHEME: TPT Retirement Solutions - The Growth Plan

The company participates in the scheme, a multi-employer scheme which provides benefits to some 950 nonassociated participating employers. The scheme is a defined benefit scheme in the UK. It is not possible for the company to obtain sufficient information to enable it to account for the scheme as a defined benefit scheme. Therefore it accounts for the scheme as a defined contribution scheme.

continued...

Page 26

ONE WESTMINSTER NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

20. PENSION LIABILITY - continued

The scheme is subject to the funding legislation outlined in the Pensions Act 2004 which came into force on 30 December 2005. This, together with documents issued by the Pensions Regulator and Technical Actuarial Standards issued by the Financial Reporting Council, set out the framework for funding defined benefit occupational pension schemes in the UK.

The scheme is classified as a 'last-man standing arrangement'. Therefore the company is potentially liable for other participating employers' obligations if those employers are unable to meet their share of the scheme deficit following withdrawal from the scheme. Participating employers are legally required to meet their share of the scheme deficit on an annuity purchase basis on withdrawal from the scheme.

A full actuarial valuation for the scheme was carried out at 30 September 2017. This valuation showed assets of £794.9m, liabilities of £926.4m and a deficit of £131.5m. To eliminate this funding shortfall, the Trustee has asked the participating employers to pay additional contributions to the scheme as follows:

Deficit contributions

From 1 April 2019 to 31 January 2025: £11,243,000 per annum (payable monthly and increasing by 3% each on 1st April)

Unless a concession has been agreed with the Trustee the term to 31 January 2025 applies.

Note that the scheme's previous valuation was carried out with an effective date of 30 September 2014. This valuation showed assets of £793.4m, liabilities of £969.9m and a deficit of £176.5m. To eliminate this funding shortfall, the Trustee has asked the participating employers to pay additional contributions to the scheme as follows:

Deficit contributions

From 1 April 2016 to 30 September 2025: £12,945,440 per annum (payable monthly and increasing by 3% each on 1st April)

From 1 April 2016 to 30 September 2028: £54,560 per annum (payable monthly and increasing by 3% each on 1st April)

The recovery plan contributions are allocated to each participating employer in line with their estimated share of the Series 1 and Series 2 scheme liabilities.

Where the scheme is in deficit and where the company has agreed to a deficit funding arrangement the company recognises a liability for this obligation. The amount recognised is the net present value of the deficit reduction contributions payable under the agreement that relates to the deficit. The present value is calculated using the discount rate detailed in these disclosures. The unwinding of the discount rate is recognised as a finance cost.

PRESENT VALUES OF PROVISION

31st March 31st March 31st March
2021 2020 2019
£ £ £
Present value of provision 43,887 52,000 63,080

continued...

Page 27

ONE WESTMINSTER

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

20. PENSION LIABILITY - continued

RECONCILIATION OF OPENING AND CLOSING PROVISIONS

Provision at start of period
Unwinding of the discount factor (interest expense)
Deficit contribution paid
Remeasurements - impact of any change in assumptions
Remeasurements - amendments to the contribution schedule
Provision at end of period		 Period Ending-31st
March 2021
£
52,000
1,168
(10,782 )
1,501
-
43,887		 Period Ending-31st
March 2020
£
63,080
798

(10,468 )
(1,410 )
-
52,000

INCOME AND EXPENDITURE IMPACT

Period Ending-31st Period Ending-31st
March 2021 March 2020
£ £
Interest expense 1,168 7,98
Remeasurements - impact of any change in assumptions 1,501 (1,410 )
Remeasurements - amendments to the contribution schedule - -
Contributions paid in respect of future service* * *
Costs recognised in income and expenditure account * *

*includes defined contribution schemes and future service contributions (i.e. excluding any deficit reduction payments) to defined benefit schemes which are treated as defined contribution schemes. To be completed by the company.

ASSUMPTIONS

31 March 2021 --% 31 March 2020--% 31 March 2019--
per annum per annum % per annum
Rate of discount 0.66 2.53 1.39

The discount rates shown above are the equivalent single discount rates which, when used to discount the future recovery plan contributions due, would give the same results as using a full AA corporate bond yield curve to discount the same recovery plan contributions.

The following schedule details the deficit contributions agreed between the company and the scheme at each year end period:

continued...

Page 28

ONE WESTMINSTER

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

20. PENSION LIABILITY - continued

DEFICIT CONTRIBUTIONS SCHEDULE
31st March 31st March 31st March
Year ending 2021 2020 2019
£ £ £
Year 1 11,106 10,782 10,468
Year 2 11,439 11,106 10,782
Year 3 11,782 11,439 11,106
Year 4 10,113 11,782 11,439
Year 5 - 10,113 11,782
Year 6 - - 10,113
Year 7 - - -
Year 8 - - -
Year 9 - - -

The company must recognise a liability measured as the present value of the contributions payable that arise from the deficit recovery agreement and the resulting expense in the income and expenditure account i.e. the unwinding of the discount rate as a finance cost in the period in which it arises.

Page 29

ONE WESTMINSTER

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

INCOME AND ENDOWMENTS
Donations and legacies
Gifts and Donations
Other trading activities
Sundry Income
Time and Talent
Rental Income
DBS
Investment income
Bank interest
Charitable activities
Grants
Total incoming resources
EXPENDITURE
Charitable activities
Wages
Social security
Pensions
Staff related costs
Other charitable costs
Premises costs
Bank charges
Bad debt provision
Consultancy fees
Depreciation of tangible fixed assets
Grants to individuals
Support costs
Governance costs
Auditors' remuneration		 2021
£
17,764
24,349
46,767
30,428
1,546
103,090
1
748,600
869,455
545,482
43,600
19,257
6,330
12,557
89,026
725
5,652
37,638
3,874
94,862
859,003
4,595		 2020
£
5,839
1,517
126,377
94,052
22,421
244,367
5
471,929
722,140
399,567
31,847
11,275
24,551
21,572
107,851
627
240
38,918
3,942
83,228
723,618
4,560

This page does not form part of the statutory financial statements

Page 30

ONE WESTMINSTER

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

Total resources expended
Net income/(expenditure)		 2021
£
863,598
5,857		 2020
£
728,178
(6,038 )

This page does not form part of the statutory financial statements

Page 31