OpenCharities

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

2025-03-31-accounts

Charity registration number 295501 (England and Wales) Company registration number 02052268

ONE WESTMINSTER

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

ONE WESTMINSTER

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr M Ayres (Chair)
Mr M Hazell (Treasurer)
Ms C Botha
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 (England and Wales) 295501
Company number 02052268
Registered office The Stowe Centre
258 Harrow Road
Maida Vale
London
W2 5ES
Auditor Gravita Audit Oxford LLP
First Floor, Park Central
40-41 Park End Street
Oxford
OX1 1JD
Bankers Unity Trust Bank
Nine Brindley Place
Birmingham
B1 1HB

ONE WESTMINSTER

CONTENTS

Page
Trustees' report 1 - 5
Statement of trustees' responsibilities 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

ONE WESTMINSTER

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2025

The trustees present their annual report and financial statements for the year ended 31 March 2025.

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, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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)".

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

Introduction and Headlines

This year has just flown by, with the team working extremely hard to provide a quality service to the voluntary sector, clients and volunteers. We continued to work very closely with the City Council and respond to their new projects and programmes, including the North Paddington Partnership Board and programme, Westminster Connects and its new digital platform and on-going aspirations for a Business Portfolio platform.

Our voluntary sector support service, volunteer centre and learning disability projects were all delivered to a high standard and surpassed all targets set for them.

It was a challenging year for our Social Prescribing service, with funding cuts leading to us having to make redundancies and reduce the size of the SP team in November, and a further request for cuts just before the end of the financial year. Notwithstanding this, the team have continued to work with passion and commitment making a real difference to the lives of their clients.

A highlight of our year was our 10[th] Anniversary AGM with special guest Maddy Desforges – CEO of NAVCA. One Westminster undertook a user survey for the AGM, and it was heartening to see such positive results and to remind ourselves how much our work is valued.

ONE WESTMINSTER

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Shelley and Paola, supported by the Trustees, did a wonderful job covering for the work of the CEO whilst she took a 3-month sabbatical from January to end March.

KEY ACHIEVEMENTS AND DELIVERY – 2024-2025

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 Northwest London Healthcare (CNWL) the NHS Trust providing mental health services in the borough.

This was a challenging year for the GP funded team, as we had to reduce our numbers from 12 FTE to 8 FTE in November and were required to make additional redundancies early in the new financial year.

That said, the team deliver a very high-quality service to clients referred to them by GPs and mental health professionals and we remain absolutely convinced that housing the team within an infrastructure organisation within the voluntary sector is the best model for delivery.

This year the team received 2400 referrals and made 3800 supported onward referrals to local organisations. Each person in receipt of SP support receives an average of 5 supported signposts to relevant services and agencies. In addition, collected data is showing a reduction in attendance at GP practices by those in receipt of the service.

Going through redundancy processes was time-consuming and challenging. However, it gave two members of the board of trustees an opportunity to interview our GP funded SPs and witness for themselves what a remarkable and committed team we had and continue to have in place.

Voluntary Sector Support Service

The team continued to work hard all year to provide a full voluntary sector support service to our colleagues across Westminster. Key to this delivery is the provision on information and advice via emails, e-bulletins, our website and one to one support sessions, hosting of networking meetings, bringing the sector together with local authority colleagues and NHS colleagues, providing training and linking the voluntary sector to business support.

ONE WESTMINSTER

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

This year we were able to offer a new service - matching organisations with fundraising support, funded by additional local authority funding.

The VCS Service in numbers

Updates to directoryof VCS organisations 30
New organisations added to database 24
Individual organisations supported 117
Organisations supported with fundraisingconsultancy 18
Networks and meetingthe funders events hosted 14
Number of attendees at events 370
e-bulletins and bulk information emailsproduced and sent 52
Cash donations secured from businesses £168,131
VCS opportunities identified andpromoted through Westminster Connects 168
Businesses supported with CSR 151
Corporate team volunteering 82
Number of VCSs that benefited from corporate support 115
Corporate/Charity partnerships initiated 226
Volunteer opportunitiespromoted to business community 163

Volunteer Centre Service

One Westminster acts as the volunteer centre for the city. Working alongside our colleagues in Westminster Connects in City Hall, the team responds to hundreds of volunteering enquiries every year and supports a wide range of people, including the homeless and unemployed, into volunteering.

Our gardening volunteering has continued to be a major activity bringing together corporate volunteers, individual resident volunteers and members of our learning disability volunteer group to work together to improve the public spaces of Westminster.

Another annual event is our Volunteer Fair, which continues to attract high numbers of organisations seeking volunteers and matching them with the many local people who attend to see what is available for them.

Last but not least we provide training and a network for volunteer coordinators, to ensure the highest quality of volunteering takes place throughout the city.

Volunteer Centre Service in numbers

Numbers of volunteers recruited 703
Numbers of volunteersplaced 483
Outreach sessions topromote volunteering 90
Attendees at trainingsessions 57
Attendees at volunteer coordinator network meetings 12
Volunteer enquiries – by phone,email,face to face 1100
DBS – registrations for Westminster Connects and othersprocessed 48

Adults with Learning Disabilities Volunteering Project

This project has grown from strength to strength in the quality of delivery and range of opportunities offered to our clients.

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.

ONE WESTMINSTER

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

In January 2025, we organised a private puppet show exclusively for 35 of our clients. The event was designed to create a fun, inclusive atmosphere, allowing participants to enjoy the show in a supportive environment.

We placed and supported 97 clients this year into volunteering roles and worked with 32 new clients. We also supported 24 local organisations so that they were able to support LD roles and welcome volunteers. We have had our contract extended for a further year before a tender is due.

An absolute highlight for the group has to be our very own LD volunteer, Guy, winning the Westminster Dance competition in front of Angela Rippon and Strictly stars!!!

Conclusion

In this, our eleventh year, One Westminster continues to operate within the climate of a cost-of-living crisis, rising housing costs and increased reliance on foodbanks by many Westminster residents. This backdrop makes the impact of the local voluntary sector even more crucial, and we play a vital role in supporting the local sector to be as strong and resilient as it can possibly be. We are proud of our part in supporting the most vulnerable in the city.

Financial review

The Charity's income was £1,130,926 in the year ended 31st March 2025 compared to £1,390,600 in the year ended 31st March 2024. The total expenditure amounted to £1,293,602 compared to £1,297,794 in the year ended 31st March 2024. As at 31st March 2025 the Charity has general free reserves of £293,033, from a total unrestricted fund amounting to £283,404 and a restricted fund amounting to £9,629. Overall, the total fund balance carries forward as at 31st March 2025 was £293,033.

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.

ONE WESTMINSTER

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

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 Ms E K A Fritz Ms P Fudlalla Ms S Annis Ms N Lakhdar Ms K O'Donoghue Mr E H K Yeo

Auditor

In accordance with the company's articles, a resolution proposing that Gravita Audit Oxford 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

7th Aug 2025

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

ONE WESTMINSTER

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 MARCH 2025

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.

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 2025 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.

Opinions on other matters prescribed by the Companies Act 2006

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

ONE WESTMINSTER

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

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:

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 Gravita Audit Oxford LLP, Statutory Auditor Chartered Accountants First Floor, Park Central 40-41 Park End Street Oxford OX1 1JD Date: .........................12/8/2025

ONE WESTMINSTER

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted
Restricted
funds
funds
2025
2025
Notes
£
£
Income from:
Donations and legacies
3
10,479
750
Charitable activities
4
-
1,210,055
Other trading activities
5
3,629
5,986
Investments
6
27
-
Total income
14,135
1,216,791
Expenditure on:
Charitable activities
7
86,440
1,207,162
Total expenditure
86,440
1,207,162
Net income/(expenditure)
(72,305)
9,629
Transfers between
funds
-
-
Net movement in
funds
9
(72,305)
9,629
Reconciliation of funds:
Fund balances at 1 April 2024
355,709
-
Fund balances at 31 March
2025
283,404
9,629		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
11,229
5,842
750
1,210,055
250
1,323,867
9,615
32,928
26,925
27
38
-
1,230,926
39,058
1,351,542
1,293,602
282,457
1,015,337
1,293,602
282,457
1,015,337
(62,676)
(243,399)
336,205
-
355,864
(355,864)
(62,676)
112,465
(19,659)
355,709
243,244
19,659
293,033
355,709
-		 Total
2024
£
6,592
1,324,117
59,853
38
1,390,600
1,297,794
1,297,794
92,806
-
92,806
262,903
355,709

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

ONE WESTMINSTER

BALANCE SHEET

AS AT 31 MARCH 2025

2025
Notes
£
Fixed assets
Tangible assets
13
Current assets
Debtors
14
63,175
Cash at bank and in hand
459,065
522,240
Creditors: amounts falling due within
one year
15
(241,217)
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after
more than one year
16
Net assets
The funds of the charity
Restricted income funds
18
Unrestricted funds
19		 £
12,010
281,023
293,033
-
293,033
9,629
283,404
293,033		 2024
£
98,927
320,277
419,204
(73,712)		 £
12,865
345,492
358,357
(2,648)
355,709
-
355,709
355,709

17/07/2025

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

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

Company registration number 02052268 (England and Wales)

ONE WESTMINSTER

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025

Notes
Cash flows from operating activities
Cash generated from operations
22
Investing activities
Purchase of tangible fixed assets
Investment income received
Net cash used in investing activities
Net cash generated from financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2025
£
(5,020)
27		 £
143,781
(4,993)
-
138,788
320,277
459,065		 2024
£
(8,764)
38		 £
99,563
(8,726)
-
90,837
229,440
320,277

ONE WESTMINSTER

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

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:

258 Harrow Road London W2 5ES

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.

ONE WESTMINSTER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

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.

ONE WESTMINSTER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

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
2025
2025
£
£
Donations and gifts
10,479
750
Income from charitable activities
Unrestricted
Restricted
funds
funds
2025
2025
£
£
Grants
-
1,210,055		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
11,229
5,842
750
Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
1,210,055
250
1,323,867		 Total
2024
£
6,592
Total
2024
£
1,324,117

4 Income from charitable activities

ONE WESTMINSTER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

5 Income from other trading activities

Unrestricted
Restricted
funds
funds
2025
2025
£
£
Non-charitable trading
activities
1,273
-
Letting and licensing
arrangements
-
-
Other income
2,356
5,986
Other trading activities
3,629
5,986		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
1,273
12,819
-
-
17,854
-
8,342
2,255
26,925
9,615
32,928
26,925		 Total
2024
£
12,819
17,854
29,180
59,853

6 Income from investments

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Interest receivable 27 38
Expenditure on charitable activities
Charitable Charitable
expenditure expenditure
2025 2024
£ £
Direct costs
Grant funding of activities 50,000 18,206
Share of support and governance costs (see note 8)
Support 1,243,602 1,279,588
1,293,602 1,297,794
Analysis by fund
Unrestricted funds 86,440 282,457
Restricted funds 1,207,162 1,015,337
1,293,602 1,297,794

ONE WESTMINSTER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

8 Support costs allocated to activities

Staff costs
Depreciation
Staff related costs
Premises costs
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		 2025
£
964,372
5,875
41,170
89,826
721
5,160
119,370
1,271
15,837
1,243,602
1,243,602
2025
£
6,150
5,875		 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

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		 2025
Number
29
2025
£
867,389
75,821
21,162
964,372		 2024
Number
32
2024
£
910,372
79,877
23,500
1,013,749

ONE WESTMINSTER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

11 Employees

(Continued)

Redundancy and Termination Payments

Redundancy and termination payments totalling £10,145 were made in the reporting period. The nature and details of these are as follows:

Nature of the Payments

Accounting Policy

Termination benefits, including redundancy payments, are recognised as an expense in the Statement of Financial Activities when the charity is demonstrably committed to a termination plan. This commitment is established when:

The liability is measured at the best estimate of the expenditure required to settle the obligation at the reporting date.

Extent of Funding at the Reporting Date

As of 31st March 2025, the charity had no further liability for redundancy and termination payments. This expense in the year was fully funded by unrestricted reserves.

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:

2025 2024
£ £
Aggregate compensation 40,012 38,394

12 Taxation

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

ONE WESTMINSTER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

13
Tangible fixed assets
Freehold land
and buildings
Furniture and
equipment
£
£
Cost
At 1 April 2024
15,466
29,994
Additions
-
-
At 31 March 2025
15,466
29,994
Depreciation and impairment
At 1 April 2024
15,466
26,061
Depreciation charged in the year
-
1,303
At 31 March 2025
15,466
27,364
Carrying amount
At 31 March 2025
-
2,630
At 31 March 2024
-
3,933
14
Debtors
Amounts falling due within one year:
Trade debtors
Prepayments and accrued income
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		 Computer
equipment
£
126,866
5,020
131,886
117,934
4,572
122,506
9,380
8,932
2025
£
48,733
14,442
63,175
2025
£
25,114
21,165
194,938
241,217
2025
£
-		 Total
£
172,326
5,020
177,346
159,461
5,875
165,336
12,010
12,865
2024
£
98,927
-
98,927
2024
£
7,822
32,340
33,550
73,712
2024
£
2,648

ONE WESTMINSTER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

17 Retirement benefit schemes
2025 2024
Defined contribution schemes £ £
Charge to profit or loss in respect of defined contribution schemes 21,162 23,500

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
Primary Care Network Social
Prescribing (Funder CLH)
Mental Health Social
Prescribing (CNWL)
Previous year:
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
2024
Incoming
resources
Resources
expended
£
£
£
-
24,000
(24,000)
-
203,616
(203,616)
-
273,300
(263,671)
-
48,840
(48,840)
-
488,285
(488,285)
-
178,750
(178,750)
-
1,216,791
(1,207,162)
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
2025
£
£
-
-
-
-
-
9,629
-
-
-
-
-
-
-
9,629
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
2025
£
£
-
-
-
-
-
9,629
-
-
-
-
-
-
-
9,629
Transfers
At 31 March
2024
£
£
(17,234)
-
(127,747)
-
(168,208)
-
62,179
-
(24,671)
-
(97,971)
-
24,238
-
(6,450)
-
(355,864)
-
-

ONE WESTMINSTER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

18 Restricted funds

(Continued)

The purposes of restricted funds are as follows:

All sections below form part of the SPLW service:

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 Incoming Resources Transfers At 31 March
2024 resources expended 2025
£ £ £ £ £
Designated Funds 12,865 - (5,875) 5,020 12,010
General funds 342,844 14,135 (80,565) (5,020) 271,394
355,709 14,135 (86,440) - 283,404
Previous year: 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

ONE WESTMINSTER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

20 Analysis of net assets between funds

Unrestricted
Restricted
funds
funds
2025
2025
£
£
At 31 March 2025:
Tangible assets
12,010
-
Current assets/(liabilities)
271,394
9,629
283,404
9,629
Unrestricted
Restricted
funds
funds
2024
2024
£
£
At 31 March 2024:
Tangible assets
12,865
-
Current assets/(liabilities)
345,492
-
Long term liabilities
(2,648)
-
355,709
-		 Total
2025
£
12,010
281,023
293,033
Total
2024
£
12,865
345,492
(2,648)
355,709

21 Related party transactions

There were no disclosable related party transactions during the year (2024 - none).

22
Cash generated from operations
(Deficit)/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
Increase/(decrease) in creditors
Cash generated from operations		 2025
£
(62,676)
(27)
5,875
35,752
164,857
143,781		 2024
£
92,806
(38)
3,816
56,372
(53,393)
99,563

23 Analysis of changes in net funds

The charity had no material debt during the year.