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2023-03-31-accounts

Company registration number: 02052268 Charity registration number: 295501

One Westminster

(A company limited by guarantee)

Annual Report and Financial Statements

for the Year Ended 31 March 2023

One Westminster

Contents

Trustees' Report 1 to 9
Statement of Trustees' Responsibilities 10
Independent Auditors' Report 11 to 14
Statement of Financial Activities 15 to 16
Statement of Financial Position 17
Statement of Cash Flows 18
Notes to the Financial Statements 19 to 32

One Westminster

Trustees' Report

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 2023. 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.

Trustees and officers

The trustees and officers serving during the year and since the year end were as follows:

Trustees: M Ayres, Chair M Hazell, Treasurer Ms S Annis Ms V Etienne (resigned 14 November 2022) Ms P Fudlalla E H K YEO Ms H Taheri Ms H Nightingale (resigned 15 June 2023) Ms E K A Fritz Ms N Lakhdar (appointed 17 November 2022) Ms K O’Donoghue Ms C Botha (appointed 5 October 2023) Secretary: Ms J Rosenberg

Page 1

One Westminster

Trustees' Report

Reference and Administrative Details

Charity Registration Number: 295501 Company Registration Number: 02052268 The charity is incorporated in England & Wales. Registered Office: 37 Chapel Street London NW1 5DP Auditor: DSK Partners LLP Chartered Accountants & Statutory Auditor D S House 306 High Street Croydon Surrey CR0 1NG Bankers: Unity Trust Bank Nine Brindley Place Birmingham B1 1HB

Objectives and policies

The Objects of One Westminster remain:

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

• 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

• 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.

Page 2

One Westminster

Trustees' Report

ACTIVITIES, ACHIEVEMENTS AND PERFORMANCE 2022 - 2023

Introduction:

In May 2022, a new Labour administration took over at City Hall in Westminster. This, combined with an on-going NHS statutory duty to engage the voluntary sector, has led to a different relationship between One Westminster and our statutory partners. We have found ourselves required to establish new structures to enable us to inform, represent and feedback on a wide range of issues and plans including a new North Paddington Programme, NW London Health, a new Bi-Borough health programme - Vibrant and Healthy Communities, Octopus, 2035 plus work, Core 25 work as well as new council funding streams and initiatives.

Whilst very welcome, the demands placed on One Westminster have proved challenging to deliver alongside our day-to-day work. Much of this strategic work has therefore been undertaken by the CEO, supported by the Senior Management Team. Plans are in place to recruit a new full-time officer to work alongside the CEO at One Westminster and the CEO at Kensington and Chelsea Social Council, and it is hoped this will relieve some of the pressures. In addition, we have just successfully recruited two new colleagues as Charity Development Officers, one full time and one part-time. This should enable us to deliver against all our objective and priorities.

During the year, our Communications Officer, Nina, resigned and we took the decision to review our communications strategy and produce our e-bulletin from within the CVS team. This has proved successful and freed up some resources to put into more charity support work.

Our office lease at Chapel Street came to an end and we agreed that The Women’s Trust, who used to sub-let from us, would be better served agreeing their own lease with the City Council. We are currently operating within a Tenancy at Will but will enter into a new lease in due course. Our office premises have continued to be challenging, with on-going leaks and maintenance needs. However, thanks to the sterling efforts of Ayo, we have a welcoming, clean and functioning office with a new quiet room for those needing to be away from noise, new furniture and plants. We continue to rent out space to Hear Women and Listen to Act and to offer a pigeon-hole service to smaller charities needing an office address.

A staff survey conducted just after the financial year end, showed us to have a contented workforce who feel involved and appreciated and who value their work. We could not ask for more.

Supporting the charity and voluntary sector in Westminster is at the heart of everything we do at One Westminster. We deliver a range of specific projects and programmes to meet this objective.

Page 3

One Westminster

Trustees' Report

Charity Support Work - CVS Team

It is essential that our CVS team maintain a strong relationship with our wider voluntary sector partners and support the links between our sector and the local council, bi-borough health partnership and our local GPs. We achieve this through attending regular meeting, sending out key information, hosting networking events and providing one to one support to charities.

The CVS team of Davide Marullo and Emma Plouviez provided one-to-one support sessions to 40 different registered VCS organisations in Westminster. This was provided through 69 email, online or telephone consultations. Nine of these organisations were very new or not yet constituted.

The team organised eight network events, attended by a total of 259 people from the VCS. The over-arching Westminster Community Network (WCN) held three meetings; there were two Older People and three Health & Wellbeing Network meetings. All of these meetings were held online.

The team also arranged 6 Meet the Funders online sessions attended by 121 people from Westminster VCS organisations - funders who attended were the Yapp Family Trust, Heritage Lottery Fund, Trust for London, Greater London Authority, The Sylvia Waddilove Foundation UK, The Field Family Charitable Trust and The Sheldon Trust. The sessions were planned and organised by One Westminster, KCSC and Sobus - enabling VCS reps from the three boroughs to come together to hear from funders and ask questions. Funders have continued to welcome this method of reaching a wider but still localised audience through tri-borough online meetings.

Our fortnightly ebulletin, featuring news, events, grant funding opportunities, job/volunteer vacancies and resources - continued to be sent to a mailing list of 900, with a regular 40%+ opening rate.

From January 2022 we took on the management of creating a method to deliver £200k of national government money to local voluntary sector organisations in the form of grants. The funding was to deliver work promoting Covid (and other general) vaccinations. 20 organisations made successful applications and delivered projects from April - Sept 2022.

Case study

We worked over several months with a new organisation based on a canal boat, aiming to deliver arts and community activities within Westminster and specifically to promote use of a disused area adjacent to the canal frontage of the Westminster Adult Education building. We provided introduction to local community organisations; and assisted with a successful funding bid to deliver summer activities.

Corporate and Individual support and Volunteering

Our corporate engagement team made up of Paola Pagliarin and Quoc Truong supported our local charities to identify their volunteering needs and then promoted those needs via the Westminster Connects e-bulletin and across the City Councils Business Network. In addition, they supported individual companies with team volunteering opportunities. As the year developed, they found the need to spend most of their time supporting Council contractors to take up CSR opportunities. However, they still managed to deliver support and activities through the social enterprise arm of our work - Time and Talents.

Page 4

One Westminster

Trustees' Report

Westminster Connects - During the year, the team liaised with 147 individual charity projects and developed 157 volunteering opportunities. These were advertised in the 24 publications of the Council’s Westminster Connects Volunteer newsletter circulated to 1000s of Westminster residents.

Corporate Support - 41 projects were supported with funding and pro-bono help through the first two editions of Westminster Council’s Community Investment Portfolio Bulletin which is circulated to 100s of Westminster responsible businesses.

Time and Talents - 138 corporate volunteer opportunities for 90 charity projects were published in six bi-monthly Time & Talents Volunteering lists and circulated to 100+ Westminster-based businesses and committed teams at Government Departments. We supported 156 businesses and organised 62 Corporate Volunteering days and established 65 corporate partnerships with Westminster charities.

Team Volunteering - During this post-pandemic year our team experienced a great surge in demand for team volunteering days. We successfully supported corporate volunteers to engage in activities that hugely benefited Westminster community projects:

We worked with 114 charity projects supported 47 employer partners and involved 654 employee volunteers. This included raising over £30,000 in donations including, food, clothes, gifts, digital devices, community events sponsorship and activities materials.

Social Prescribing

One Westminster continues to be commissioned to deliver Social Prescribing services in the four Primary Care Networks in Central Westminster, funded through the Central London GP Federation - Health Care Central London (HCL). In addition, we provide Two Mental Health Social Prescribing projects, one for adults and another for young adults aged 18-25, funded through Central and North West London NHS Foundation Trust (CNWL). With our unique role in supporting voluntary and community organisations across Westminster, we are ideally placed to ensure that patients referred to our SP team, get the best possible support into voluntary and community life in the borough.

This year the team attached to the four Primary Care Networks were asked to work with 1,444 new clients and collectively they identified 2,617 referral opportunities for their clients.

In December, we recruited a new Head of Health and Wellbeing Programmes to lead the team of 18 staff. Shelley Reynolds set to work supporting the team to identify and produce a revised methodology for their work. The process included a full review of all work to date and a clarification of the expectations of the work and intended outcomes. This resulted in a new co-designed Framework to which all SPs now work. In addition to providing consistency across the service, the Framework also ensures clarity for our clients and partners.

Page 5

One Westminster

Trustees' Report

Data - January 2023 also saw the introduction of the new JOY database commissioned by the NW London NHS. This IT database programme interfaces with the current GP IT system and provides a Case Management System as well as a means of communication between One Westminster Social Prescribing Service, its funders and partners. All referrals and case notes are now made via this platform, strengthening our capacity to record what we do and providing a strong evidence base for our work. Social prescribers now have the opportunity to share data between the team and adapt our workforce to respond to need. The data is also being used to identify gaps in services and to lobby for resources for the sector as a whole. Two key gaps identified this year have been access to free de-cluttering services and appropriate groups for males under 50. Work is being undertaken to liaise with other local charities to seek funding to create a response to this.

Networking - engaging with our wider voluntary sector and with a core group of organisations has been a key feature of our work. We continue to maximise the number of services we link with, thanks to our resource officer who maintains communications and updates our services database on a weekly basis. Our Social Prescribers regularly attend our One Westminster Network meetings to promote our service and ensure that they know what is available in the wider community.

Another highlight of our year was addressing a problem in the south of the borough regarding supporting homeless and transient individuals and communities. As a result of discussions with a wide range of health professionals including the GPs it was agreed to establish a clinic in the local community targeting this community. Three such clinics have been held this year.

Mental Health Social Prescribing

Our Mental Health Social Prescribers trailblazed a successful Social Prescribing Service working in partnership and receiving referrals from our Westminster community Mental Health Teams. This work has not been without its challenges. However, the team have developed strong working relationships with key colleagues based within the two mental health teams and the work has strong support within the system. As a result of this, we were encouraged to expand our work to include funding to work with young adults.

Our two Young Adult Mental Health workers have worked pro-actively to widen the referral pathway to respond to the need and behaviour patterns of this group. They have made the service accessible by seeking new links for onward referrals, embedding themselves in the Young Adult Mental Health Teams, attending regular ‘Young Adult Pathway meetings’ and developing creative ways to meet the young adults. The team have been working on short bitesize video to promote their service in a user-friendly manner and embrace understanding of differing needs such as literacy, language and neurodiversity.

Our Mental Health and Young Adult Social Prescribers received 171 referrals during the year and made more than 300 onward referrals.

Page 6

One Westminster

Trustees' Report

Volunteering Service

This year the Volunteer Centre was able to deliver all their core services after a difficult time during Covid. An example of this was our outreach sessions promoting volunteering which gradually increased during the year. From January - March we undertook 27 outreach sessions to colleges and homeless charities, our highest number for three years. This included the resumption of weekly outreach sessions to Westminster Job Centre in March 2023. Supporting unemployment clients to find an ideal volunteering role has a huge impact in supporting employability.

We hosted a fortnightly Volunteer Drop-In sessions seeing an average of six people a session, referred by our own Social Prescribers and the wider voluntary sector. attending each drop in. Volunteer placements we have placed people in, included charity shops, museums, gardening, hospitals, befriending, mentoring and administration roles.

We received over 700 general volunteering enquiries from individuals and organisations by phone or email. All enquires received support or signposting depending on the nature of the enquiry.

Over 70, mainly vulnerable clients, attended five in person ‘Introduction to Volunteering Workshops’ held during the educational year, delivered in partnership with Westminster Adult Education Service (WAES). Over 60 volunteers attended four One Westminster ‘taster’ gardening days. This included pruning the roses at Paddington Street Gardens, clearing the leaves at St John’s Wood Church Ground Gardens and a makeover of a garden in GP surgery in Maida Vale.

We hosted three Volunteer Coordinators Network meetings - with average attendance of 16 attendees from Westminster Voluntary Organisations. Subjects covered included a presentation from NCVO about the “Vision for Volunteering” and guest speaker from HEAR on equity and inclusion.

Over 30 staff/volunteers from Westminster Voluntary Organisations attended two Recruiting and Retaining Volunteers Workshop. This popular workshop has now been attended by over 100 staff/volunteers over a number of workshops held over the last five years.

The team also provided good practice support relating to different aspects of volunteering to 81 staff/volunteers from Westminster Voluntary Organisations. This included information on volunteer policies, volunteer expenses, volunteer agreements and handbooks, incentive schemes and DBS.

Key figures for the year

Volunteers Registered - 699

Volunteers placed with Westminster voluntary sector - 313

Number of outreach sessions to promote volunteering - 50

Page 7

One Westminster

Trustees' Report

Learning Disability Volunteering Report

Our Learning Disability Volunteering team resumed providing individual and specific key support in helping adults with learning disabilities find their ideal volunteering role.

This included individual volunteering roles in charity shops, foodbanks, museums and group volunteering gardening days in Westminster Parks, fundraising in market stalls, and administration volunteering days at the One Westminster office.

Group activities are extremely important to our LD clients, and this year they took part in a sports day, visits to museums and a Christmas party. One of the major highlights was some of the Learning Disability volunteers meeting Princesses Beatrice and Eugenie at the Platinum Jubilee Lunch at Paddington Recreation Ground in June 2022

This year the team supported 14 people to understand how to recruit, train and support adults with Learning disabilities. We placed 81 adults with learning disabilities into individual or group volunteering and organised 19 group volunteering activities. We also delivered 15 Learning Disability awareness sessions to community organisations.

Strategic Report

Financial Review

The Charity's income was £1,379,143 in the year ended 31st March 2023 compared to £1,006,045 in the year ended 31st March 2022. The total expenditure amounted to £1,321,454 compared to £971,145 in the year ended 31st March 2022. As at 31st March 2023 the Charity has general free reserves of £233,780, from a total unrestricted fund amounting to £237,159. Overall, the total fund balance carried forward at 31st March 2023 was £256,818.

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 urgency of building up a reserve and all efforts are in place to enable this.

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.

Page 8

One Westminster

Trustees' Report

Structure, governance and management

Nature of 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.

Recruitment and appointment of 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.

Major risks and management of those risks

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.

Page 9

One Westminster

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 trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 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. Under company law the trustees must not approve the financial statements unless they are satisfied that they 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 its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and 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.

Provision of information to auditors

Each of the persons who are Trustees at the time when this Trustees' report is approved has confirmed that:

• so far as that Trustee is aware, there is no relevant audit information of which the charitable company's auditors are unaware, and

• that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any information needed by the charitable company's auditors in connection with preparing their report and to establish that the charitable company's auditors are aware of that information.

Reappointment of auditor

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

21/11/2023

Approved by the trustees of the charity on .................... and signed on its behalf by:

......................................... M Ayres Chairman and trustee

Page 10

One Westminster

Independent Auditor's Report to the Members of One Westminster

Opinion

We have audited the financial statements of One Westminster (the 'charity') for the year ended 31 March 2023, which comprise the Statement of Financial Activities, Statement of Financial Position, 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 United Kingdom Accounting Standards, comprising Charities SORP - FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and applicable law (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

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 auditor responsibilities for the audit of the financial statements section of our report. We are independent of the charity 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 charity's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were 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.

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 auditor’s report 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.

Page 11

One Westminster

Independent Auditor's Report to the Members of One Westminster

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 there is a material misstatement in the financial statements or a material misstatement of the other information. 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.

Opinion on other matter 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 our knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' Report.

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 (set out on page 10), the trustees 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 charity'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 charity or to cease operations, or have no realistic alternative but to do so.

Page 12

One Westminster

Independent Auditor's Report to the Members of One Westminster

Auditor 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 an auditor’s report 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

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.

Page 13

One Westminster

Independent Auditor's Report to the Members of One Westminster

Use of our report

This report is made solely to the charitable company's trustees, 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 charity's trustees those matters we are required to state to them in an auditor’s 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 its trustees 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, Statutory Auditor

D S House 306 High Street Croydon Surrey CR0 1NG 21/11/2023 Date:.............................

Page 14

One Westminster

Statement of Financial Activities for the Year Ended 31 March 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Note
Income and Endowments from:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investment income
6
Total income
Expenditure on:
Charitable activities
7
Other expenditure
Total expenditure
Net income
Other recognised gains and losses
Actuarial gains on defined benefit pension
schemes
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
19
Note
Income and Endowments from:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Total income
Expenditure on:
Charitable activities
7
Other expenditure
Total expenditure
Unrestricted
funds
£
2,264
12,776
66,733
14
81,787
(30,755)
(184)
(30,939)
50,848
165
51,013
192,396
243,409
Unrestricted
funds
£
2,268
32,500
59,956
94,724
(10,788)
(253)
(11,041)
Restricted
funds
£
779
1,294,749
1,828
-
1,297,356
(1,290,515)
-
(1,290,515)
6,841
-
6,841
12,818
19,659
Restricted
funds
£
1,016
907,667
2,638
911,321
(960,104)
-
(960,104)
Total
2023
£
3,043
1,307,525
68,561
14
1,379,143
(1,321,270)
(184)
(1,321,454)
57,689
165
57,854
205,214
263,068
Total
2022
£
3,284
940,167
62,594
1,006,045
(970,892)
(253)
(971,145)

The notes on pages 19 to 32 form an integral part of these financial statements. Page 15

One Westminster

Statement of Financial Activities for the Year Ended 31 March 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Note
Net income/(expenditure)
Other recognised gains and losses
Actuarial gains on defined benefit pension
schemes
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
19
Unrestricted
funds
£
83,683
23,343
107,026
85,370
192,396
Restricted
funds
£
(48,783)
-
(48,783)
61,601
12,818
Total
2022
£
34,900
23,343
58,243
146,971
205,214

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2022 is shown in note 19.

The notes on pages 19 to 32 form an integral part of these financial statements. Page 16

One Westminster

(Registration number: 02052268) Statement of Financial Position as at 31 March 2023

Note
Fixed assets
Tangible assets
14
Current assets
Debtors
15
Cash at bank and in hand
16
Creditors: Amounts falling due within one year
17
Net current assets
Total assets less current liabilities
Creditors: Amounts falling due after more than one year
18
Net assets
Funds of the charity:
Restricted income funds
Restricted funds
19
Unrestricted income funds
Unrestricted funds
Total funds
19
2023
£
7,917
155,299
229,440
384,739
(126,940)
257,799
265,716
(2,648)
263,068
19,659
243,409
263,068
2022
£
9,914
157,549
387,806
545,355
(343,895)
201,460
211,374
(6,160)
205,214
12,818
192,396
205,214

The financial statements on pages 15 to 32 were approved by the trustees, and authorised for issue on ....................21/11/2023 and signed on their behalf by:

.........................................

M Ayres Chairman and trustee

The notes on pages 19 to 32 form an integral part of these financial statements. Page 17

One Westminster

Statement of Cash Flows for the Year Ended 31 March 2023

Note
Cash flows from operating activities
Net cash income
Adjustments to cash flows from non-cash items
Depreciation
Remeasurements of Defined Pension
Working capital adjustments
Decrease/(increase) in debtors
15
(Decrease)/increase in creditors
17
Net cash flows from operating activities
Cash flows from investing activities
Purchase of tangible assets
Net (decrease)/increase in cash and cash equivalents
Cash and cash equivalents at 1 April
Cash and cash equivalents at 31 March
2023
£
51,439
7,111
165
58,715
2,248
(214,217)
(153,254)
(5,112)
(158,366)
387,806
229,440
2022
£
34,900
6,451
23,343
64,694
(31,686)
205,308
238,316
(4,537)
233,779
154,027
387,806

All of the cash flows are derived from continuing operations during the above two periods.

The notes on pages 19 to 32 form an integral part of these financial statements. Page 18

One Westminster

Notes to the Financial Statements for the Year Ended 31 March 2023

1 Charity status

The charity is limited by guarantee, incorporated in England & Wales, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.

The address of its registered office is: 37 Chapel Street London NW1 5DP

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

2 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with 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)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Basis of preparation

One Westminster meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Income and endowments

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.

Donations and legacies

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.

Investment income

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

Page 19

One Westminster

Notes to the Financial Statements for the Year Ended 31 March 2023

Expenditure

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

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.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Page 20

One Westminster

Notes to the Financial Statements for the Year Ended 31 March 2023

Tangible fixed assets

Individual fixed assets costing £0.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

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.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Page 21

One Westminster

Notes to the Financial Statements for the Year Ended 31 March 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.

Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Pensions and other post-retirement obligations

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.

Page 22

One Westminster

Notes to the Financial Statements for the Year Ended 31 March 2023

3 Income from donations and legacies

During the year, One Westminster received no legacy payments and £3,043 in donations from various funders. For the year ended 31st March 2022 there were no legacy payments and £3,284 related to donations from various funders.

4 Income from charitable activities

Grants and contract funding

Total
2023
£
1,307,525
Total
2022
£
940,167

5 Income from other trading activities

Time and Talent
Property rental income
Sundry Income
Total for 2023
Total for 2022
Unrestricted
funds
General
£
55,772
7,101
3,860
66,733
59,956
Restricted
funds
£
-
700
1,128
1,828
2,638
Total
funds
£
55,772
7,801
4,988
68,561
62,594

6 Investment income

Interest receivable and similar income;
Interest receivable on bank deposits
Total for 2023
Unrestricted
funds
General
£
14
14
Total
funds
£
14
14

Page 23

One Westminster

Notes to the Financial Statements for the Year Ended 31 March 2023

7 Expenditure on charitable activities

Direct costs
Staff costs
Support costs
Total for 2023
Total for 2022
Activity
undertaken
directly
£
41,883
817,698
242,203
1,101,784
828,726
Grant
funding of
activity
£
214,180
-
-
214,180
137,606
Activity
support
costs
£
-
-
5,490
5,490
4,560
Total
expenditure
£
256,063
817,698
247,693
1,321,454
970,892

Page 24

One Westminster

Notes to the Financial Statements for the Year Ended 31 March 2023

8 Analysis of support costs

Direct costs of charitable activity

Staff costs
Staff related costs
Other charitable costs
Premises costs
Bank charges
Bad debt provision
Consultancy fees
Depreciation
Volunteer Expense
Sundry Expense
9
Grants Payable
Analysis of grants
Analysis
Direct costs
Total
Total
2023
£
2022
£
935,967
676,018
15,702
9,165
13,549
10,101
69,553
84,618
2,401
4,994
7,400
-
38,347
37,379
7,109
6,451
11,754
-
2
-
1,101,784
828,726
Grants to institutions
2023
£
2022
£
214,180
137,606
Total
2022
£
676,018
9,165
10,101
84,618
4,994
-
37,379
6,451
-
-
828,726

Page 25

One Westminster

Notes to the Financial Statements for the Year Ended 31 March 2023

10 Net incoming/outgoing resources

Net incoming resources for the year include:

Audit fees
Depreciation of fixed assets
2023
£
5,490
7,109
2022
£
4,560
6,451

11 Trustees remuneration and expenses

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.

No trustees have received any reimbursed expenses or any other benefits from the charity during the year.

12 Staff costs

The aggregate payroll costs were as follows:

Staff costs during the year were:
Wages and salaries
Social security costs
Pension costs
2023
£
841,246
74,568
20,153
935,967
2022
£
616,678
46,204
13,135
676,017

The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:

2023 2022
No No
Staff 31 23

No employee received emoluments of more than £60,000 during the year.

13 Auditors' remuneration

Estimated money value of benefits in kind for audit services 2023
£
5,490
2022
£
4,560

Page 26

One Westminster

Notes to the Financial Statements for the Year Ended 31 March 2023

14 Tangible fixed assets

14 Tangible fixed assets
Cost
At 1 April 2022
Additions
At 31 March 2023
Depreciation
At 1 April 2022
Charge for the year
At 31 March 2023
Net book value
At 31 March 2023
At 31 March 2022
15 Debtors
Trade debtors
Prepayments
16 Cash and cash equivalents
Land and
buildings
£
15,465
-
15,465
15,465
-
15,465
-
-
Furniture and
equipment
£
26,085
767
26,852
23,736
1,272
25,008
1,844
2,349
Computer
equipment
£
116,864
4,345
Total
£
158,414
5,112
163,526
148,500
7,109
155,609
7,917
9,914
2022
£
154,135
3,414
26,852 121,209
23,736
1,272
109,299
5,837
25,008 115,136
1,844 6,073
2,349 7,565
2023
£
144,820
10,479
155,299
157,549
16 Cash and cash equivalents
2023
£
Cash at bank
229,440
Balances held by the charity that are not available for use by the charity
2023
£
Restricted Cash Fund
19,661
2022
£
387,806
2022
£
12,818

Out of total cash balance of £229,440 as at 31 March 2023. The amount of £19,661 is restricted fund and £209,779 is unrestricted fund.

Out of total cash balance of £387,806 as at 31 March 2022. The amount of £ 12,818 is restricted fund and £374,988 is unrestricted fund.

Page 27

One Westminster

Notes to the Financial Statements for the Year Ended 31 March 2023

17 Creditors: amounts falling due within one year

Trade creditors
Other creditors
Pension liability
Accruals and deferred income
18 Creditors: amounts falling due after one year
Pension liability (payable between one and five years)
2023
£
174
38,334
3,531
84,901
126,940
2023
£
2,648
2022
£
6,750
20,868
3,531
312,746
343,895
2022
£
6,160

Pension liability (payable between one and five years)

19 Funds

Unrestricted funds
General
General funds
Designated
Designated funds
Total unrestricted funds
Restricted funds
VCS Small Grants
Programme
Befriending Plus
LD Volunteering - Old
VODS
CVS
SPLW
Community Navigator
(CNWL)
Mental Health SP (CNWL)
Primary Care Network SP
(CLH)
Balance at
1 April
2022
£
Incoming
resources
£
187,018
76,675
5,378
5,112
192,396
81,787
-
235,610
12,818
3,333
-
20,230
-
147,473
-
216,344
-
5,550
-
74,000
-
145,250
-
371,636
Page 28
Resources
expended
£
Other
recognised
gains/(losses)
£
(23,828)
165
(7,111)
-
(30,939)
165
(235,610)
-
(16,151)
-
(20,230)
-
(145,858)
-
(207,768)
-
(5,550)
-
(74,000)
-
(145,250)
-
(362,168)
-
Balance at
31 March
2023
£
240,030
3,379
243,409
-
-
-
1,615
8,576
-
-
-
9,468

One Westminster

Notes to the Financial Statements for the Year Ended 31 March 2023

Wellbeing CLH
Total restricted funds
Total funds
Balance at
1 April
2022
£
-
12,818
205,214
Incoming
resources
£
77,930
1,297,356
1,379,143
Resources
expended
£
Other
recognised
gains/(losses)
£
(77,930)
-
(1,290,515)
-
(1,321,454)
165
Balance at
31 March
2023
£
-
19,659
263,068

Page 29

One Westminster

Notes to the Financial Statements for the Year Ended 31 March 2023

Unrestricted funds
General
General funds
Designated
Designated funds
Total unrestricted funds
Restricted
Befriending Plus
CVS
SPLW
Family Learning & Support
LD Volunteering
Volunteer Outreach
Development Services
Flood Fundraising Appeal
Total restricted funds
Total funds
Balance at
1 April
2021
£
73,541
11,829
85,370
17,777
3,663
3,500
33,005
3,656
-
-
61,601
146,971
Incoming
resources
£
94,724
-
94,724
32,596
259,519
423,250
80,267
20,000
81,694
14,000
911,326
1,006,050
Resources
expended
£
Other
recognised
gains/(losses)
£
(4,590)
23,343
(6,451)
-
(11,041)
23,343
(37,555)
-
(263,182)
-
(426,750)
-
(113,272)
-
(23,656)
-
(81,694)
-
(14,000)
-
(960,109)
-
(971,150)
23,343
Balance at
31 March
2022
£
187,018
5,378
192,396
12,818
-
-
-
-
-
-
12,818
205,214

20 Related party transactions

There were no related party transactions for the year ended 31 March 2023.

Page 30

One Westminster

Notes to the Financial Statements for the Year Ended 31 March 2023

21 Pension and other schemes

Defined benefit pension schemes TPT Retirement Solutions – The Growth Plan

The company participates in the scheme, a multi-employer scheme which provides benefits to some 638 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.

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 2020. This valuation showed assets of £800.3m, liabilities of £831.9m and a deficit of £31.6m. 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 2022 to 31 January 2025: £3,312,000 per annum (payable monthly)

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 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 asked the participating employers to pay additional contributions to the scheme as follows:

Deficit contributions

From 1 April 2019 to 30 September 2025: £11,243,000 per annum (payable monthly and increasing by 3% each on1st April)

Where the scheme is in deficit and where the company has agreed to a deficit funding arrangement the company recognizes 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.

Page 31

One Westminster

Notes to the Financial Statements for the Year Ended 31 March 2023

Reconciliation of scheme assets and liabilities to assets and liabilities recognised

The amounts recognised in the statement of financial position are as follows:

Present value of defined benefit obligation
Defined benefit obligation
Changes in the defined benefit obligation are as follows:
Present value at start of year
Unwinding of the discount factor (interest expense)
Deficit contribution paid
Remeasurements - impact of any change in assumptions
Present value at end of year
2023
£
6,179
2022
£
9,691
2023
£
(9,691)
(184)
3,531
165
(6,179)

Principal actuarial assumptions

The principal actuarial assumptions at the statement of financial position date are as follows:

2023 2022
% %
Discount rate 5.52 2.35

Page 32

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