OpenCharities

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

2024-03-31-accounts

Draft Financial Statements at 19 July 2024 at 12:18:45

Charity registration number 295501

Company registration number 02052268 (England and Wales)

ONE WESTMINSTER

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

Draft Financial Statements at 19 July 2024 at 12:18:45 ONE WESTMINSTER

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr M Ayres (Chair)
Mr M Hazell (Treasurer)
Ms C Botha (Appointed 5 October 2023)
Ms E K A Fritz
Ms P Fudlalla
Ms S Annis
Ms N Lakhdar
Ms K O'Donoghue
Mr E H K YEO
Secretary Ms J Rosenberg
Senior management Ms J Rosenberg CEO
Charity number 295501
Company number 02052268
Registered office 37 Chapel Street
London
NW1 5DP
Auditor Critchleys Audit LLP
Beaver House
23-38 Hythe Bridge Street
Oxford
OX1 2EP
Bankers Unitry Trust Bank
Nine Brindley Place
Birmingham
B1 1HB

Draft Financial Statements at 19 July 2024 at 12:18:45 ONE WESTMINSTER

CONTENTS

Page
Trustees' report 1 - 6
Independent auditor's report 7 - 9
Statement of financial activities 10
Balance sheet 11
Statement of cash flows 12
Notes to the financial statements 13 - 22

Draft Financial Statements at 19 July 2024 at 12:18:45 ONE WESTMINSTER

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2024

The trustees present their annual report and financial statements for the year ended 31 March 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's [governing document], the Companies Act 2006 and "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).

Objectives and activities

The Objects of One Westminster remain:

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.

Achievements and performance

10 Years of One Westminster

This year marks our 10[th] anniversary since the merger of VAW and VCW in April 2014. We are all very proud of our achievements over the past 10 years. Raising the profile of the local voluntary sector and volunteering across the borough and, in the past few years, lobbying for, and successfully securing, NHS funding to deliver social prescribing alongside our community partners.

We have strengthened our ties with our local and regional NHS and built strong partnerships with colleagues in Westminster City Council. Most importantly, we have developed strong and deep relationships with a wide range of local Westminster Voluntary and Community organisations across borough. This family of organisations deliver huge amounts of work to support those most in need in the City, helping the City Council and local NHS to meet their stated aims of reducing health inequalities, and supporting our community to be more resilient and engaged and less lonely and socially isolated. We fully intend to build on these relationships and achieve even more over the next 10 years.

Introduction and Headlines

This has been another busy and productive year for everyone at One Westminster. Our relationship with the City Council has gone from strength to strength with many requests to support a range of new funding programmes with meetings of the sector and evaluation of bids. We have worked hard to maintain strong links with charities across the borough and represent their interests with all our statutory partners. Our engagement with the Westminster Business Network, Westminster Connects and the Westminster’s Responsible Business Unit have all resulted in high levels of work to keep people informed and to develop strong partnerships and relationships.

A number of pieces of strategic work have involved the CEO alongside other VCS colleagues, playing a key role in representing and supporting the sector in its engagement with the North Paddington Programme, the local NHS, health engagement work at NW London level through our Third Sector Together partnership and at London level through London Plus.

Draft Financial Statements at 19 July 2024 at 12:18:45 ONE WESTMINSTER

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

This has involved attendance at many meetings and supporting colleagues across the sector to keep up to speed with the wide range of activities. Our health engagement has been hugely assisted by the recruitment of a BiBorough Voluntary Sector Health lead – Liam – employed with funding from Kensington and Chelsea Social Council. Liam has played a significant role in supporting the Vibrant Healthy Communities programme – whose aim is to bring an asset based, preventative approach into health delivery across the bi-borough area.

Internally, we have had a few staff changes and welcomed Natalie and Shirin into One Westminster, to work alongside Emma, Davide and Paola. With the increased demands on our VCS support work and the Westminster Responsible Business Unit and Business Network, we took the decision to terminate our Time and Talents work and concentrate all efforts on the Westminster Businesses referred to us by the Council team. This coincided with Quoc, who had delivered a fantastic job within Time and Talents, leaving us for a new role.

Our Volunteering team continued to provide a wide range of support to individual volunteers, to volunteer coordinators across the city and to Westminster Connects including our DBS service. The team also secured a new contract to sustain our work supporting adults with learning disabilities into volunteering and training and this service has really developed over the year.

Last but not least, our amazing Social Prescriber team, led by Shelley, has continued to work across the central Westminster footprint, delivering high quality SP services and broadening its work to help the wider agenda for improving health inequalities across Westminster.

A key piece of work led by Shelley has been to develop a stronger One Westminster Equalities, Diversity and Inclusion strategy and action plan. The work encompasses our own workforce, and our stakeholders and the community. Inevitably, this is a significant piece of work that is on-going and will take time to be fully implemented throughout the charity.

The Board of Trustees hosted an Away-Day during the year which resulted in the adoption of a revised Business Plan for the charity covering the period 2024-2026.

Finally, following many years of water leaks and mushroom growth, damp and general malaise at Chapel Street, a decision was taken with the City Council, that we should move to new premises. Thankfully, the ground floor large office space with adjacent kitchen was available within the Stowe Centre and the team moved in just after the beginning of the new financial year.

KEY ACHIEVEMENTS AND DELIVERY – 2023-2024

Social Prescribing Service

One Westminster’s Social Prescribing Service is commissioned by Central London Healthcare – the GP Consortium covering 4 Primary Care Networks in Westminster and Central North West London Healthcare (CNWL) the NHS Trust providing mental health services in the borough.

The SP service in numbers

Primary Care
Network
Regent’s
Health		 St
John’s
Wood
and
Maida Vale

South
Westminster		 West End and
Marylebone
Rapid
Response
North		 Rapid
Response
South		 TOTAL
Number
of
referrals into
SP Service

413		 270 256 325 103 77 1444
Number
of
referrals out
to
other
services


670		 617 453 537 200 140 2617

Draft Financial Statements at 19 July 2024 at 12:18:45 ONE WESTMINSTER

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

During 2023-2024, we had a staff team of up to 22 including a Head of Service – Shelley supported by 4 Senior SPs – Delphine, Amina, Alex and Grace. The team had 2 pregnancies and sadly had to close the Young Adult Mental Health SP service at the end of the year.

Early in the financial year, Shelley worked with the team to review their work and identify key strengths and weaknesses of the service. The process included anecdotal information received from the community and considered the current resources available locally, inequalities that were present, and the wider strategic context that the SPs operate within. The work resulted in the creation of a new working framework for their delivery. The Framework provides structure and consistency across the service for staff in how they deliver their service. It also provides clarity for people in the community around what they can expect from the service. Finally it has assisted in our communication to stakeholders and referral partners.

January 2023 also saw the introduction of the JOY database as commissioned by the NHS. All SP referrals are now made via this platform which also provides a firm evidence base for our work. Social prescribers have been able to share data between the team and adapt our workforce to respond to need.

Significant factors

One Westminster continues to pro-actively identify gaps in services with the aim of strategically working towards filling these. Two key gaps identified this year have been access to free decluttering services and appropriate groups for males under 50. Work is already taking place to liaise with larger charities and seek funding to create a response to this. Another key aspect of the SP service’s work is an on-going attempt to ensure that our service plays its part in addressing the number one challenge around health in Westminster – namely health inequalities. The full team are committed to working alongside our wider Octopus partnership to find strategies to impact on this.

Support to VCS service

The team now consists of 5 staff who work together to deliver a full range of services to meet the needs of the wider VCS in Westminster. The team undertook a lot of additional work this year, as a direct result of the local authority having so many more funding and other opportunities for the voluntary sector to engage with.

Work over the year also included supporting local VCS groups to apply for funds, identifying training needs and reporting back to the Council, undertaking one-off pieces of work including supporting the victims of flooding with small grants and reporting to the GLA on the use and needs of foodbanks.

Fundraising practices

Finally, the team were responsible for identifying volunteering needs for individual and corporate support and for feeding this information back to the council for publication in Westminster Connects and Business Support information.

Core work delivered included:-

Draft Financial Statements at 19 July 2024 at 12:18:45 ONE WESTMINSTER

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

The VCS Service in numbers

Updates to directoryof VCS organisations 67
New organisations added to database 34
Individual organisations supported 145
New or emergingorganisations supported 15
Networks and meetingthe funders events hosted 16
Number of attendees at events 372
e-bulletins and bulk information emailsproduced and sent 33
Cash donations secured from businesses £40,000
VCS opportunities identified andpromoted through Westminster Connects 168
Business enquiries handled 300
Partnerships between businesses and VCS organisations created 200

Volunteer Centre Service

One Westminster continued to operate as a Volunteer Centre throughout the year, providing support, information and advice to individuals seeking volunteering opportunities. Alongside supporting people to register with Westminster Connects as a volunteer, the team regularly outreached into homeless hostels and the Job Centre to meet with more vulnerable adults and support them to volunteer.

The team worked with Westminster Adult Education Service to support the delivery of Introduction to Volunteering workshops and facilitated a Volunteer Coordinators Network providing training and best practice advice and support.

A favourite activity is our gardening days which provide a unique opportunity for a wide range of people to come together and support our environment. These days attracted corporate volunteers, social prescribing clients, adults with learning disabilities and staff and are always a highlight of the year.

Fundraising performance

One of the highlights of our year was the first One Westminster Volunteers’ Fair in nearly 4 years. Held at the Stowe Centre in June, the event was attended by over 200 people with 28 Westminster volunteer involving organisations having a stand at the event. Feedback was very positive from both organisations and members of the public who attended. We continue to deliver one of the biggest Volunteers Fairs held in the borough.

Volunteer Centre Service in numbers

Numbers of volunteers recruited 784
Numbers of volunteersplaced 443
Outreach sessions topromote volunteering 110
Attendees at trainingsessions on recruiting,managingand retainingvolunteers 32
Volunteer coordinators attendingmeetings 38
Volunteer enquiries – by phone,email,face to face 1080
DBS – registrations for Westminster Connects and othersprocessed

Adults with Learning Disabilities Volunteering Project

One Westminster is very proud to be delivering our Volunteering Project for Adults with Learning Disabilities. This year we worked with 71 people and placed 26 of them with individual volunteering opportunities.

Draft Financial Statements at 19 July 2024 at 12:18:45 ONE WESTMINSTER

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

A key part of the work provided by the project, is the individual specialised support given by staff to the clients in helping them find an individual volunteer role. This included volunteering roles in charity shops, foodbanks, hospitals, museums and administration support.

We also provided social group and fun activities during the year which were vital in supporting the health and wellbeing of our clients, who have some of the poorest health outcomes in the city. Activities included visits to a number of museums, theatre shows, a film making project with a charity, an easter card making activity, watching a film with a live orchestra at The Royal Albert Hall and taking part in a sports day in Regents Park supported by corporate volunteers. On average at least 20 people attended each activity.

The team also organised 8 gardening days across the year attended by clients, corporate volunteers and Social Prescriber clients.

Financial review

The Charity's income was £1,390,600 in the year ended 31st March 2024 compared to £1,379,143 in the year ended 31st March 2023. The total expenditure amounted to £1,297,794 compared to £1,321,454 in the year ended 31st March 2023. As at 31st March 2024 the Charity has general free reserves of £355,709, from a total unrestricted fund amounting to £355,709. Overall, the total fund balance carries forward as at 31st March 2024 was £355,709.

Reserves 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.

Small Company Exemptions

Advantage is taken in preparing this report of the special exemptions applicable to small companies conferred by Part 15 of the Companies Act 2006 and in accordance with the Statement of Recommended Practice – Accounting and Reporting by Charities.

Structure, governance and management

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.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr M Ayres (Chair) Mr M Hazell (Treasurer) Ms C Botha (Appointed 5 October 2023) Ms E K A Fritz Ms P Fudlalla Ms S Annis Ms N Lakhdar Ms K O'Donoghue Mr E H K YEO Ms H Nightingale (Resigned 15 June 2023) Ms H Taheri

(Resigned 15 June 2023) (Resigned 22 March 2024)

Draft Financial Statements at 19 July 2024 at 12:18:45 ONE WESTMINSTER

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Statement of trustees' responsibilities

The trustees, who are also the directors of One Westminster for the purpose 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).

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 charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity 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 charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Auditor

In accordance with the company's articles, a resolution proposing that Critchleys Audit LLP be reappointed as auditor of the company will be put at a General Meeting.

Disclosure of information to auditor

Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

The trustees' report was approved by the Board of Trustees.

.............................. Mr M Ayres (Chair) Trustee

Date: .............................................

Draft Financial Statements at 19 July 2024 at 12:18:45 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 2024 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (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's 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 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.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. 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. 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 course of 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.

Draft Financial Statements at 19 July 2024 at 12:18:45 ONE WESTMINSTER

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF ONE WESTMINSTER

Opinions on other matters prescribed by the Companies Act 2006

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

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report included within the trustees' report.

We have nothing to report in respect of the following matters in relation to which 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 charity for the purpose 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 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 charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's 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.

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.

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including

fraud and non-compliance with laws and regulations, was as follows:

Draft Financial Statements at 19 July 2024 at 12:18:45 ONE WESTMINSTER

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF ONE WESTMINSTER

We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

To address the risk of fraud through management bias and override of controls, we:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

There are inherent limitations in our audit procedures described above. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

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 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 the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Robert Kirtland (Senior Statutory Auditor) for and on behalf of Critchleys Audit LLP

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

Chartered Accountants Statutory Auditor

Beaver House 23-38 Hythe Bridge Street Oxford OX1 2EP

Draft Financial Statements at 19 July 2024 at 12:18:45 ONE WESTMINSTER

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2024

Unrestricted
Restricted
funds
funds
2024
2024
Notes
£
£
Income from:
Donations and legacies
3
5,842
750
Charitable activities
4
250
1,323,867
Other trading activities
5
32,928
26,925
Investments
6
38
-
Total income
39,058
1,351,542
Expenditure on:
Charitable activities
7
282,457
1,015,337
Total expenditure
282,457
1,015,337
Net income/(expenditure)
(243,399)
336,205
Transfers between
funds
355,864
(355,864)
Net movement in
funds
9
112,465
(19,659)
Reconciliation of funds:
Fund balances at 1 April 2023
243,244
19,659
Fund balances at 31 March
2024
355,709
-		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
6,592
2,264
779
1,324,117
12,776
1,294,749
59,853
66,733
1,828
38
14
-
1,390,600
81,787
1,297,356
1,297,794
30,939
1,290,515
1,297,794
30,939
1,290,515
92,806
50,848
6,841
-
-
-
92,806
50,848
6,841
262,903
192,396
12,818
355,709
243,244
19,659		 Total
2023
£
3,043
1,307,525
68,561
14
1,379,143
1,321,454
1,321,454
57,689
-
57,689
205,214
262,903

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

Draft Financial Statements at 19 July 2024 at 12:18:45 ONE WESTMINSTER

BALANCE SHEET

AS AT 31 MARCH 2024

Notes
Fixed assets
Tangible assets
13
Current assets
Debtors
14
Cash at bank and in hand
Creditors: amounts falling due within
one year
15
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after
more than one year
16
Net assets excluding pension liability
Net assets
The funds of the charity
Restricted income funds
18
Unrestricted funds		 2024
£
98,927
320,277
419,204
(73,712)		 2023
£
£
12,865
155,299
229,440
384,739
(127,105)
345,492
358,357
(2,648)
355,709
355,709
-
355,709
355,709		 £
7,917
257,634
265,551
(2,648)
262,903
262,903
19,659
243,244
262,903

The financial statements were approved by the trustees on .........................

.............................. Mr M Ayres (Chair) Trustee

Company registration number 02052268 (England and Wales)

Draft Financial Statements at 19 July 2024 at 12:18:45 ONE WESTMINSTER

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024

Notes
Cash flows from operating activities
Cash generated from/(absorbed by)
operations
22
Investing activities
Purchase of tangible fixed assets
Investment income received
Net cash used in investing activities
Net cash used in financing activities
Net increase/(decrease) in cash and cash
equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2024
£
(8,764)
38		 £
99,563
(8,726)
-
90,837
229,440
320,277		 2023
£
£
(153,268)
(5,112)
14
(5,098)
-
(158,366)
387,806
229,440

Draft Financial Statements at 19 July 2024 at 12:18:45 ONE WESTMINSTER

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

Charity information

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.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

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.

1.4 Income

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 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.

Draft Financial Statements at 19 July 2024 at 12:18:45 ONE WESTMINSTER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

1.5 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

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings Straight line over the life of the lease Furniture and equipment 33.33% on cost Computer equipment 20% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial assets

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.

Draft Financial Statements at 19 July 2024 at 12:18:45 ONE WESTMINSTER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

Basic financial liabilities

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.

1.9 Employee 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.

1.10 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Income from donations and legacies

Unrestricted
Restricted
funds
funds
2024
2024
£
£
Donations and gifts
5,842
750
Income from charitable activities
Unrestricted
Restricted
funds
funds
2024
2024
£
£
Grants
250
1,323,867		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
6,592
2,264
779
Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
1,324,117
12,776
1,294,749		 Total
2023
£
3,043
Total
2023
£
1,307,525

4 Income from charitable activities

Draft Financial Statements at 19 July 2024 at 12:18:45 ONE WESTMINSTER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

5 Income from other trading activities

Unrestricted
Restricted
funds
funds
2024
2024
£
£
Property rental income
12,819
-
Time and Talent
17,854
-
Sundry income
2,255
26,925
Other trading activities
32,928
26,925		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
12,819
7,101
700
17,854
55,772
-
29,180
3,860
1,128
59,853
66,733
1,828		 Total
2023
£
7,801
55,772
4,988
68,561

6 Income from investments

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Interest receivable 38 14
Expenditure on charitable activities
Charitable Charitable
expenditure expenditure
2024 2023
£ £
Direct costs
Grant funding of activities 18,206 214,180
Share of support and governance costs (see note 8)
Support 1,279,588 1,107,274
1,297,794 1,321,454
Analysis by fund
Unrestricted funds 282,457 30,939
Restricted funds 1,015,337 1,290,515
1,297,794 1,321,454

7 Expenditure on charitable activities

Draft Financial Statements at 19 July 2024 at 12:18:45 ONE WESTMINSTER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

8 Support costs allocated to activities

Staff costs
Depreciation
Staff related costs
Other charitable costs
Premises Ccosts
Bank Charges
Bad debt provision
Consultancy fees
Volunteer expense
Sundry expense
Analysed between:
Charitable expenditure
9
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Fees payable for the audit of the charity's financial statements
Depreciation of owned tangible fixed assets		 2024
£
1,013,749
3,817
64,569
-
92,976
1,559
3,303
88,228
2,207
9,180
1,279,588
1,279,588
2024
£
6,720
3,817		 2023
£
935,967
7,109
15,702
13,549
69,553
2,401
7,400
38,347
11,754
5,492
1,107,274
1,107,274
2023
£
5,490
7,109

10 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

11 Employees

The average monthly number of employees during the year was:

Employment costs
Wages and salaries
Social security costs
Other pension costs		 2024
Number
32
2024
£
910,372
79,877
23,500
1,013,749		 2023
Number
31
2023
£
841,246
74,568
20,153
935,967

Draft Financial Statements at 19 July 2024 at 12:18:45 ONE WESTMINSTER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

11 Employees

(Continued)

There were no employees whose annual remuneration was more than £60,000.

Remuneration of key management personnel

The remuneration of key management personnel was as follows:

2024 2023
£ £
Aggregate compensation 38,394 36,650

12 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

13 Tangible fixed assets

Freehold land
and buildings
Furniture and
equipment
Computer
equipment
£
£
£
Cost
At 1 April 2023
15,466
26,852
121,244
Additions
-
3,142
5,622
At 31 March 2024
15,466
29,994
126,866
Depreciation and impairment
At 1 April 2023
15,466
25,008
115,170
Depreciation charged in the year
-
1,053
2,764
At 31 March 2024
15,466
26,061
117,934
Carrying amount
At 31 March 2024
-
3,933
8,932
At 31 March 2023
-
1,844
6,073		 Total
£
163,562
8,764
172,326
155,644
3,817
159,461
12,865
7,917
14
Debtors
Amounts falling due within one year:
Trade debtors
Prepayments and accrued income		 2024
£
98,927
-
98,927		 2023
£
144,820
10,479
155,299

Draft Financial Statements at 19 July 2024 at 12:18:45 ONE WESTMINSTER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

15
Creditors: amounts falling due within one year
Trade creditors
Other creditors
Accruals and deferred income
16
Creditors: amounts falling due after more than one year
Other creditors
17
Retirement benefit schemes
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes		 2024
£
7,822
32,340
33,550
73,712
2024
£
2,648
2024
£
23,500		 2023
£
174
42,030
84,901
127,105
2023
£
2,648
2023
£
20,153

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

18 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

Learning Disability Volunteering
Volunteering Organisation
Development Support
Council for Voluntary Service
Social Prescribing Link Worker
Project
Community Navigator (Funder
CNWL)
Primary Care Network Social
Prescribing (Funder CLH)
Mental Health Social
Prescribing (CNWL)
Food Partnership Programme		 At 1 April
2023
Incoming
resources
Resources
expended
£
£
£
-
24,000
(6,766)
1,615
245,650
(119,518)
8,576
312,080
(152,448)
-
10,916
(73,095)
-
58,334
(33,663)
9,468
520,312
(431,809)
-
167,050
(191,288)
-
13,200
(6,750)
19,659
1,351,542
(1,015,337)		 Transfers
At 31 March
2024
£
£
(17,234)
-
(127,747)
-
(168,208)
-
62,179
-
(24,671)
-
(97,971)
-
24,238
-
(6,450)
-
(355,864)
-		 Transfers
At 31 March
2024
£
£
(17,234)
-
(127,747)
-
(168,208)
-
62,179
-
(24,671)
-
(97,971)
-
24,238
-
(6,450)
-
(355,864)
-
-

Draft Financial Statements at 19 July 2024 at 12:18:45 ONE WESTMINSTER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

18
Restricted funds
Previous year:
VCS Small Grants Programme
Befriending Plus
Learning Disability Volunteering
Volunteering Organisation
Disability Support
Council for Voluntary Service
Social Prescribing Link Worker
Community Navigator (CNWL)
Mental Health Social
Prescribing (CNWL)
Primary Care Network Social
Prescribing (CLH)
Mental Health Social
Prescribing (CNWL)		 At 1 April
2022
Incoming
resources
Resources
expended
£
£
£
-
235,610
(235,610)
12,818
3,333
(16,151)
-
20,230
(20,230)
-
147,473
(145,858)
-
216,344
(207,768)
-
5,550
(5,550)
-
74,000
(74,000)
-
145,250
(145,250)
-
371,636
(362,168)
-
77,930
(77,930)
12,818
1,297,356
(1,290,515)		 (Continued)
Transfers
At 31 March
2023
£
£
-
-
-
-
-
-
-
1,615
-
8,576
-
-
-
-
-
-
-
9,468
-
-
-
19,659

The purposes of restricted funds are as follows:

All sections below form part of the SPLW service:

Draft Financial Statements at 19 July 2024 at 12:18:45 ONE WESTMINSTER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

19 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 April At 1 April Incoming Resources Transfers At 31 March
2023 resources expended 2024
£ £ £ £ £
Designated Funds 3,379 - - 9,486 12,865
General funds 239,865 39,058 (282,457) 346,378 342,844
243,244 39,058 (282,457) 355,864 355,709
Previous year: At 1 April Incoming Resources Transfers At 31 March
2022 resources expended 2023
£ £ £ £ £
Designated funds 5,378 5,112 (7,111) - 3,379
General funds 187,018 76,675 (23,828) - 239,865
192,396 81,787 (30,939) - 243,244
Analysis of net assets between funds
Unrestricted Restricted Total
funds funds
2024 2024 2024
£ £ £
At 31 March 2024:
Tangible assets 12,865 - 12,865
Current assets/(liabilities) 345,492 - 345,492
Long term liabilities (2,648) - (2,648)
355,709 - 355,709
Unrestricted Restricted Total
funds funds
2023 2023 2023
£ £ £
At 31 March 2023:
Tangible assets 7,917 - 7,917
Current assets/(liabilities) 237,975 19,659 257,634
Long term liabilities (2,648) - (2,648)
243,244 19,659 262,903

20 Analysis of net assets between funds

Draft Financial Statements at 19 July 2024 at 12:18:45 ONE WESTMINSTER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

21 Related party transactions

There were no disclosable related party transactions during the year (2023 - none).

22
Cash generated from operations
Surplus for the year
Adjustments for:
Investment income recognised in statement of financial activities
Depreciation and impairment of tangible fixed assets
Movements in working capital:
Decrease in debtors
(Decrease) in creditors
Cash generated from/(absorbed by) operations		 2024
2023
£
£
92,806
57,689
(38)
(14)
3,816
7,109
56,372
2,250
(53,393)
(220,302)
99,563
(153,268)

23 Analysis of changes in net funds

The charity had no material debt during the year.