## 2023 - 2024 Annual Report Financial statements from 2023 - 2024
Patron
Dolly Mayers
## Table of Contents
|03|Company Information|08|Achievement and
Performance|
|---|---|---|---|
|05|Welcome to HCEO|09|The Situation in the UK
and Hackney Borough|
|06|About HCEO|10|Achievement and
Performance|
|07|Introduction from Chair|17|Activities and
Partnership Working|
|26|Dementia and Advocacy Outreach|27|Dementia Memory and
Wellbeing|
|28|Volunteering Programme|29|Looking Ahead|
|30|Financial Report & Annual
Statements|37|Acknowledgements|
2023-24 ANNUAL REPORT
## Company Information
|**Trustees/Directors**|Patricia Richardson
Anthony Stevens
Valney Prescott
Ivor John
Jennifer Haynes-Martin
Jennifer Colleen Dennis
Shreya Ramesh
Tessa Lee Jones|
|---|---|
|**Company Secretary**|Beryl Pusey|
|**Company Registration No.**|3218456|
|**Charity Registration no.**|1057603|
|**Registered Office**|39 Leswin Rd, Stoke Newington
London
N16 7NX|
|**Telephone Number**|0207 923 3536|
|**Email**|info@hackneycaribbean.org.uk|
|**Web**|https://hackneycaribbean.org.uk/|
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## Company Information
Staff
||**Day Services Manager**||Beryl Pusey|
|---|---|---|---|
||**Finance & Administration Officer**||Lullyn Tavares|
||**Project Coordinator**||Paulette Smith-Henry|
||**Volunteer Coordinator**||Kim Britten|
||**Caribbean Cook**||Arlene Jones|
||**Facilitator /Support Worker**||Yvonne Williams|
||**Advocacy & Outreach Officer**||Eva Edohen|
||**Triage Support Worker**||Rachael Peprah|
|Sessional Workers||||
||**Arts & Culture**||Donald Waugh
Margaret Morris|
||**Passenger Support Assistant**||Beverley Daley|
We are deeply grateful to our sponsors for their invaluable financial support, which has made our major projects possible. Thanks to the **National Lottery Community Fund** for backing our Ageing-Growing-Engaging project, the Trustees to **The Charity of Sir Richard Whittington** for funding our Good Neighbours project, and the **North East London CCG** for supporting our Dementia & Memory Wellbeing initiative. We also appreciate **City Bridge Foundation’s** expansion support for our Advocacy & Dementia work and **Keystone Fund** for strengthening our resilience and operations. Your contributions have provided the stability needed to support older people facing social isolation and health challenges in our community.
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## Welcome to
Pictured: Veronica Lee
_- ‘This is the best place ever.Staff are wonderful, you people make me feel loved and wanted.’_ Veronica Lee
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## About HCEO
## **Our organisation and charitable purpose**
Founded in 1985 we are a community-driven organisation dedicated to enriching the lives of older adults. HCEO offers a range of social, cultural and health-focused services that foster engagement, connection, and wellbeing.
## **Mission**
To bring local elderly people together to share life. Together we tackle the challenges of ageing and isolation by creating a nurturing environment for older people to thrive.
## **Vision**
To work together to build stronger and closer inclusive communities where every day is eagerly anticipated by the older person.
## **Values**
HCEO values inclusivity, respect and community spirit. Committed to serving all individuals aged 55 and over, HCEO ensures that its activities and services are accessible and welcoming, regardless of race, gender or sexuality. The organisation champions equality and diversity, fostering an environment where everyone can participate, feel valued and thrive.
## **Strategic Pillars**
**Supported by The National Lottery Community Fund**
_“Gardening, exercising; I look forward to it; make us feel like a happy family”_ - HCEO member
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## Introduction from our Chair
This past year at Hackney Caribbean Elderly Organisation (HCEO) has been one of growth and heartfelt community effort. We focused on adapting our services to better meet our members’ needs and strengthening our community. Highlights included our cherished annual holiday to the Isle of Wight and two memorable visits to the Royal Albert Hall, where many members experienced this iconic venue for the first time. These moments of connection and celebration are reflected in our increasing membership.
Our Advocacy & Outreach work has been particularly impactful. We have seen significant progress in expanding our support for carers and people living with dementia. The integration of more members with dementia into our Lunch Club has enriched the program, creating a space where social engagement and nurturing care go hand in hand. Additionally, our Memory Group continues to thrive which reflects the dedication of our team and the essential support from our partners such as The North East London CCG, City Bridge Foundation and The National Lottery Community Fund, whose contributions have enabled us to provide comprehensive assistance to both those affected and their carers.
Our volunteer programme has grown significantly this year, with new and varied roles making a meaningful impact on our operations and the community we serve. Volunteers play a vital role in helping us achieve our goal of connecting younger and older members of the community. Their practical support, such as assisting kitchen staff, ensures that our Lunch Club runs smoothly and effectively.
This year, we are also focusing on expanding our social media presence, particularly on Instagram and YouTube, to better connect with the community and share the incredible work of HCEO with a wider audience.
As we celebrate these achievements, I want to thank our staff, volunteers, funders, partners, and especially our members and their families for creating a space with strong community values. I look forward to the future of HCEO with great optimism and enthusiasm.
Kind Regards, Patricia Richardson
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## Achievement and Performance
## **Strategic Aims and Performance**
To enhance the quality of life and wellbeing of older people, in particular African and Caribbean people, living in the local community
To prevent isolation and loneliness and bring communities together
To build good relationships with members, their families and carers and to work in partnerships with links to the wider community
To increase the number of individuals registering as members and accessing our services
To achieve a secure financial future for HCEO
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a Ethnicity
200
150
100
50
0
Caribbean African English Pakistani Latin American
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Dementia
140
120
100
80
60
40
20
0
Without With
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_**“The [staff]are very helpful. They bring me things like food, I miss out on when I can’t come.” - HCEO member**_
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## The Situation in the UK and Hackney Borough
**61**
**100**
According to the _‘Life in the UK 2024 ’_ Carnegie Study, the UK’s collective wellbeing was recorded as **61** out of a possible **100** . This number was concluded from two years of evidence about the four core pillars of wellbeing; **social** , **economic** , **environmental** and **democratic** .
The report found that the below factors had a significant impact on wellbeing score:
Carnegie UK Trust. (2024). Learning in the UK: Findings and recommendations. Retrieved from https://d1ssu070pg2v9i.cloudfront.net/pex/carnegie_uk_trust/2024/10/25110030/LiUK-2024-FINAL.pdf
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2nd
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Hackney is the **2nd most deprived** borough in London based on the Hackney Joint Health & Wellbeing Strategy 2022-26. The below statistics indicate some of the prevalence of factors in Hackney resulting in a lower ‘collective wellbeing score.’
**41% of all adults aged 60+ live in low income 41% 24% households 72% of housing is social or private rental (41% social, 72% 40% 31% private.)** Health and Wellbeing Strategy (2022-2026): London Borough of Hackney. (2022). Health and wellbeing strategy 2022-2026. Retrieved from https://hackney.moderngov.co.uk/documents/s82708/item%205e%20Health%20and%20Wellbeing%20Strategy%2022-26.pdf and City & Hackney Public Health. (n.d.). Population infographics. Retrieved November 15, 2024, from https://cityhackneyhealth.org.uk/population-infographics/
**24% of people 18+ have 2 or more long-term health conditions**
**40% of residents come from a nonwhite background**
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## Achievement and Performance
## **The Story of Our Work**
## **What the funding has helped us to do**
Our work is about making the most of HCEO’s resources so that members, staff, volunteers, families, carers and the community can meet, engage with and support each other. It gives older people a greater sense of purpose and independence, promotes health and wellbeing and provides them with opportunities to learn and be involved in creative activities for a fun, fulfilling and active life in later years. As one member said:
_**“Without this place, which feels like home, I’d be stuck in my chair. I leave feeling happy, nourished and well. This place is an important part of my life” - HCEO member**_
## **2023/24 Highlights**
## **Promoting Healthy Lifestyles**
- We participated in the **Womb Cancer Awareness workshop** (North East London Cancer Alliance) in April and **Clissold Park Neighbourhood Health Forum** meeting in June. The main presentation was from the City and Hackney Homerton Healthcare NHS Foundation Trust Diabetes Team on their services and Type 2 Diabetes Education Courses.
- From the 5-8 of June we held another well-attended **Health Week** – with
- workshops and classes on massage, vegetarian cooking and food and eating healthily/healthy lifestyles.
- **Bowl cancer screenings** were held on the 11 July.
- Staff and volunteers attended **first-aid training** in June.
- **Physical exercise classes** are held on Tuesdays and Thursdays with up to 40 people attending on Tuesdays.
- We collaborated with **Tripspace** to hold **chair-based yoga classes** which are becoming popular with the members.
- We did a presentation at the **Clissold Park Neighbourhood Forum Financial Security and Community Support** to highlight some of HCEO’s services and network.
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## Achievement and Performance
**The Story of Our Work**
## **2023/24 Highlights**
## **Arts and Culture**
- Our **Windrush Day 75th** anniversary celebrations were a huge success and provided an opportunity to showcase the artwork created by our members at The Old Fire Station.
- The **Creative Arts program** offered a six-week project featuring music and movement, storytelling, arts, creative writing, and more. It enhanced creative thinking, developed skills in music and teamwork, improved communication, fostered a sense of connection, and boosted confidence and self-esteem. The project received highly positive feedback from members.
- Beryl, our Day Services Manager, staffed a stall at the **Hackney Winter Warmer** event at the Volunteer Centre, generating numerous enquiries.
- Our **Christmas party** was a resounding success, with attendance reaching the full capacity of the hall.
## **Outings**
- Back by popular demand, **40 people** including family support attended our Annual Holiday, this year to the **Isle of Wight.**
- We took two trips to the **Royal Albert Hall** for a **‘Friendship Matinee’** of classical/operatic music and again for the **Christmas Carols bonanza** . There was great excitement because for most of our members, this was their very first visit to the Royal Albert Hall.
## **Volunteering**
- Strengthened partnerships with local schools and colleges, including **New City College** , **City & Islington Academy** , **Global Banking School** , and the **Inspire programme** .
- Our dedicated volunteers supported various areas, from serving lunches and assisting in the kitchen to helping with **arts & crafts** , **marketing** , and our **dementia wellbeing group** .
- A talented volunteer redesigned our website, giving it a fresh, user-friendly look.
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## Achievement and Performance
## **How We Involved People From Our Community In Our Work**
Our centre would not be the interactive and vibrant place that it is without the direct participation of our community in decision making at a strategic and operational level. For Hackney Lunch Clubs Network quarterly report, we regularly feedback on ‘Attendees involvement in decisions regarding the club and how these have impacted the service’. Our members make decisions on every day activities such as:
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## Achievement and Performance
## **How We Involved People From Our Community In Our Work**
The staff and trustees reflect the community 90%. We are very popular with the local schools and colleges, hosting a number of young people from diverse backgrounds on short and long term work placements, with a waiting list now in place. These placements are beneficial for intergenerational mixing and it is wonderful to see how the young people treat the members with dignity, empathy and respect, and how the members get pleasure and enjoyment from chatting with the students.
We encourage service members to join our management committee as trustees and although many feel they are at an age when they do not want to take on more responsibility, we are delighted that we continue to have a minimum of two service user members on the committee.
We have regular members’ meetings and ask for constructive feedback. In the satisfaction questionnaire a member has reported that, “whenever there are arguments, people make up.”
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## Achievement and Performance
## **How We Involved People From Our Community In Our Work**
We are contacted by many local health services or health charities wanting to do presentations, by PhD students wanting us to be part of their research project or organisations with a specific focus on the African Caribbean community wanting our members to tell their stories. Members are always consulted before we take part in these opportunities.
We are including more people living with dementia in activities outside of the weekly Monday Dementia Memory Wellbeing Session and members were asked about how this was working out. They said, _“it was good for us all to work together and support each other, but carers should be encouraged to stay during the activities if necessary”_ .
Staff felt that, _“It’s a good practice, but this has to be carefully controlled and resourced”_ . Trustees were generally supportive, but felt that _“We have to be careful not to ‘drift’ into dementia care and remember the wider perspective of the organisation”_ .
There was some concern about the dynamics of managing the group activities at different levels, and capacity for individual attention. It was suggested that we _“Set aside one day of the week or a couple days a month for more energetic activities for the younger old.”_ We are planning a dementia awareness workshop for all members.
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## Achievement and Performance
**Differences We Are Making (Big and Small)**
Over 200 are now registered for our services, an increase of 27%, and approximately 150 people, mostly from African and Caribbean ethnicity, have directly benefitted from our projects this year. There has been a steady increase in referrals and we are now operating at 35 people a session on a Tuesday. This figure does not include the support and advice given to families, the daily telephone enquiries or people who just ‘pop-in’ for some lunch or information. By having a strong and experienced staff team, a dedicated group of volunteers and resources to provide all that we do, we support our members to combat loneliness, build or maintain independence, find joy and laughter, gain friendships and remain healthy.
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## Achievement and Performance
## **Differences We Are Making (Big and Small)**
We asked service users to complete a ‘satisfaction questionnaire’ and here is some of the feedback from the question on ‘differences we are making.’
_“Make new friends and have a good time and separation from home, and without this I don’t know how I could otherwise.”_
_“I like to get out of the house and meet new people. There is something new and different every day.”_
_“Without the centre I’d be at home alone and very lonely with suicidal thoughts. I’d be hungry because I didn’t feel like cooking and lost and alone.”_
_“I like to play dominoes with my friends and get out of the house and it’s very therapeutic.”_
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## Activities and Partnership Working
**Health and Healthy Living**
We organised several workshops with a health related theme – bowel cancer; stroke prevention; managing arthritis; breathing techniques; gratitude and meditation.
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## Activities and Partnership Working
## **Health and Healthy Living**
We are fortunate to have a small courtyard garden area which a local organic gardener maintains, with the support of volunteers, once a week – this provides therapeutic benefits as well as produce which the Cook utilises in the kitchen.
Counselling **Black Mentors Matters** Workshops To encourage members that even in later life they still have a role to play, and experience to offer, in supporting younger
people and developing a mentoring relationship with them. Many were surprised, and pleased, that they can support young people in this way.
The week included a session on vegetarian meals, with tasting Health Week sessions and talks on the health benefits; a presentation and session on dementia awareness; exercise and movement classes; nail pampering; holistic massage treatments. The neighbours, friends and family were invited to join members for the week.
Arlene Jones, our Caribbean Cook, and Yvonne Williams, Cooking Course our Nutritional Assistant, attended a course with Culinary Medicine Specialists at the Kingsway College, along with other Lunch Clubs, which increased awareness about nutrition and broadened the menu.
**Clissold Park Neighbourhood Health Forum:** We are an Hackney Neighbourhood active member of this forum with staff attending meetings Health Forum and representing our members. Our members provided the largest response to a survey from the Surgeries in the Clissold Park PCN on Digital Inclusion for residents with long-term medical conditions. The purpose was to gather feedback on the use of the NHS app to improve their access to certain services and their medical information, repeat prescriptions, Drs appointments.
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## Activities and Partnership Working
## **Arts and Culture**
_“The arts and crafts sessions focus more on individual_ Arts and Craft _creativity as there is an overall theme. Participants develop new skills and abilities, enabling them to apply what they've learned at home. Over 30 members participate in each of these sessions.”_ - Margaret Morris, Arts and Craft tutor. These classes run on Thursdays from 2:00-3:30.
Musical memories performance, sharing stories across the Jazanne Arts years, which was attended by over thirty-five people.
A Poetry workshop was led by Sonia Cummings, Poetry Workshop from Thinking Spaces, focusing on writings from a Caribbean perspective. Lively discussion ensued around ‘memories’ and impact on present living.
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## Activities and Partnership Working
## **Arts and Culture**
We collaborated with St Peter’s Church De Beauvoir, lead by Donald Waugh our Creative Artist, and produced a range of works for a 4-day exhibition – creation day – junk modelling. The exhibition engendered a feeling of pride as the members saw their personal creations on show and it gave their families and other members of HCEO a chance to join them in celebrating their achievements and raises awareness within the local community about what we do.
iy sae _“What an incredible display; so much creativity, design and work with, time spent valuing people – older people allowing them to use their skills to create. What a wonderful use of ‘Rubbish”._
On Wednesdays (all day), the tutor focuses on creativity via Creativity sustainability, using waste & recycled materials.
_“This session centres around team working and a sense of partnership and family as they all focus together on one project each session, working in harmony, building relationships with each other and coming together as a cohesive unit, while learning new artistic & creative skills.” -_ Donald Waugh, Creative Artist
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## Activities and Partnership Working
## **Arts and Culture**
We took two trips to the Royal Albert Hall, for ‘Friendship Royal Albert Hall Matinee’ of classical/operatic music and again for the Christmas Carols bonanza. Approximately 20 people attended each time. There was great excitement because for most of our members, this was their very first visit to the Royal Albert Hall, and extremely enjoyable.
Immediate Theatre involves communities and marginalised Music & Theatre young people in creative work and engaged about 30 of our members in a 6-week interactive workshop based on their shared childhood experiences. Each week, we observed how they became more sure of themselves and composed letters to family and friends which lead up to a final reading circle to the group.
Sweet Patootee’s heritage project. Our staff members Heritage Project contributed to a melodrama for the film, _‘Turning Point,’_ a Black heritage and comedy film based around 4 stories from Barbados and Jamaica in the 1920s. Fifteen of our members and staff were ‘special guests’ at the screening of the film at Mild May Community Centre.
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## Activities and Partnership Working
## **Arts and Culture**
Staff arranged and facilitated up to 40 members, Annual Holiday including staff, heading off on holiday to the Isle of Wight. For many this was their first sea crossing in a long time and for some of the members their first time on a ferry. Members saved up to holiday for 4 nights and 5 days with excursions they thoroughly enjoyed. The trip was shared with two other groups, and the staff who attend were there to support the members.
We travelled to Brighton and Margate during the Seaside Outings summer in 50 seater accessible coaches for members & family. Both days were sunny and enjoyed by all. If our club did not organise these outings, some members would not get the opportunity to get out of London and be by the sea.
We had an afternoon with our corporate partner ELBA Afternoon ELBA (East London Business Alliance). Afternoon Tea & Bingo hosted by M3 Consulting for 20 members, staff and two volunteers. It was a great opportunity to visit an organisation in the City, so our near neighbours.
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## Activities and Partnership Working
## **Physical and Mental Activities**
We have done a tremendous amount of development this year, in close partnership with 12 local centres forming Hackney Lunch Clubs Network supported by Rachel King, the Development Coordinator at HCVS. Our centres are the gateway to many important activities and services: lunches, exercise, health awareness, health checks, information, social, art & cultural events, seasonal and cultural celebrations, education, research, advocacy, conversations & story telling, having a cup-of-tea together, bingo & quizzes and valuable intergenerational events. One highlight event was held by TripSpace. The lunch clubs participated in Chair Yoga which helped their balance and mobility.
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An Viet Chats Lunch
Halkevi
Foundation Club
Hackney Cypriot
Nightingale Lunch
Association
Club
Centre 151 - VLC Hackney Chinese
Pho Club Community
Services
North London Lunch Up,
Muslim Community Woodberry Down
Centre Luncheon Club
Hackney Caribbean Hot Line Meals Holly Street
Elderly Organisation Luncheon
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Hackney CVS put together an Annual Impact Report 2023. This report found that 94% made new friends at lunch club and 59% found that the food at lunch club was more nutritious than their food at home. These findings show that lunch clubs are an integral part of improving health and well being for elderly people.
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## Activities and Partnership Working
## **Research**
Staff represent the organisation in research workshops or researchers come to gain feedback from our members as a group. We participated in an **Oxford Social Prescribing Network** research evaluation: ‘Tailoring cultural offers with and for diverse older users of social prescribing (TOUS)’. The researcher visited our centre for a day, observed the arts activity and spoke to members, staff and tutors.
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## Activities and Partnership Working
## **Research**
Collaborating with Dr. Marshall and researchers from Queen Mary University of London, we continue to support the ABATED study through active participation in focus group meetings. Our team has also contributed to their ABATED newsletter, and our dementia Project Coordinator, provided narration for the Raising Awareness videos, which have been widely published and utilized as a valuable training resource.
**Video 1: What is dementia?**
**Video 2: Diagnosing Video 3: Keeping dementia your brain healthy**
**982 000** people are living with dementia in the UK with this number expected to rise to **1.4 million** by 2040
**Over 3 years** is the average wait time for Black or South Asian people before diagnosis.
**1 in 4**
**1 in 4 men will develop dementia**
**1 in 3**
**1 in 3 women will develop dementia**
**1 in 5 women will have provided unpaid care for someone with 1 in 5 dementia by the age of 60**
**Dementia incidence is over 20% higher among Black adults compared to the UK average.**
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20%
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Statistics pulled from Inequalities Alzheimer’s Research UK. (n.d.). Perceptions and inequalities: Inequalities. Retrieved November 15, 2024, from https://dementiastatistics.org/perceptions-and-inequalities/inequalities/ and Alzheimer’s Society. (2023, February 15). Understanding dementia and inequality [Video]. YouTube. https://www.youtube.com/watch?v=JOBilikPnMs
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## Dementia Advocacy and Outreach
## **Evidence of Our Impact**
## **Supported by City Bridge Foundation**
The Advocacy & Outreach team is supported by City Bridge Foundation and The National Lottery Community Fund. During the year, they had 47 enquiries and have 31 on-going cases covering financial entitlements, social care assessments, housing, complaints, refugee/immigration issues, transport and medical questionnaires. The Advocacy and Outreach Officer has said that:
_“Our support to our members and families gives them a greater independence and control in terms of decision making. It gives them a voice. It supports the carers giving them assistance.”_
## **Case Study**
## **Support for Dementia Care Through Attendance Allowance**
J, an elderly woman in her eighties living with dementia, experienced worsening symptoms, including nocturnal wandering, which necessitated additional nighttime care. Her primary caregiver, J’s daughter, sought assistance in securing appropriate support.
An application was made for the Attendance Allowance benefit to address J's increased care needs. An Advocate guided J and her daughter through the comprehensive application process, assisting them in accurately completing the detailed form, which required extensive information about J’s physical and mental health, as well as her caregiver’s needs.
The application was successful, and J was awarded the higher-rate Attendance Allowance. This additional financial support enabled the family to arrange enhanced nighttime care, ensuring J’s safety and well-being during the night.
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## Dementia Memory and Wellbeing
## **Evidence of Our Impact**
## **Supported by North East London CCG (NELCCG)**
**49** have attended **45** memory group sessions with **20** attendees each session.
**4** members with higher levels of dementia are supported with the help of their carers.
**15** members have been integrated into Lunch Club with the help of their carers.
Our triage support worker, Rachael, maintains contact with dementia members at home by **calling every week** .
Memory group is thriving with a **40% increase** in refferals.
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## Volunteering Programme
_**“I developed a sense of confidence and was able to communicate effectively and had a very good experience”**_
For the 2023-24 period, over 3,700 volunteer hours were completed at the organisation, with more than 70 new and returning volunteers taking on various roles such as, assisting with activities and workshops, aiding in monitoring and reporting, supporting the Lunch Club, organising fundraising events and helping with marketing and communications.
The student volunteer program was highly successful, with 37 students from local schools and colleges participating. The 9 month long placements at New City College were particularly effective, leading to 4 students continuing into the 2024-25 academic year and the college asking HCEO to host 5 more students.
Furthermore, 5 mature students from the Global Banking School, who completed 60-hour placements in 2023, returned in 2024, seamlessly resuming their work due to their familiarity with the tasks and the members.
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## Looking Ahead
> 2025 marks HCEO's 40th Anniversary! Join us for a year of yi 40th Anniversary celebration, including a birthday event and exciting =.° Year activities. Stay tuned for updates on our website and Instagram!
© Health and We are in the process of transforming the two vacant upstairs rooms of the day centre into a health & Wellbeing Space wellbeing space to provide quality, affordable classes and treatments to members (older people), their family and friends and to those within the local community. We hope to launch this in early 2025.
> We are on Facebook and Marketing and ~~—~~ Tiktok and have a popular social media Instagram account which is successfully managed by one of the staff. More effort is needed to keep the web pages up to date, but in September staff and volunteers had training regarding this and two volunteers have been recruited to focus on managing the website updates. In addition, in September a new volunteer joined to build our marketing and comms work and we have seen big results in a short space of time.
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## Financial Report
## **Trustees’ Financial Report and Annual Statements For the year ended 31 March 2024**
## **Governing Document**
The directors of the charitable company (the charity) are its trustees for the purpose of charity law and throughout this report are collectively referred to as the trustees.
The charity is controlled by its governing document, Memorandum & Articles of Association, and constitutes a company, limited by guarantee, as defined by the Companies Act 2006. The Board of Trustees is responsible for the overall governance and strategic direction of the charity. The management of HCEO is the responsibility of the trustees who are elected and co-opted under the terms of the Articles of Association. The Management team includes a Chair, Treasurer and Company Secretary.
## **Recruitment and appointment of new trustees**
Trustees are recruited according to their knowledge, skills and experience from the members of the charity, from the wider local community and from applicants responding to advertisements via specialist volunteering sites such as Reach. We welcome any interested individuals to join HCEO. Potential trustees are asked to complete a Skills Audit and are offered the opportunity to visit the centre to meet with the service users and to observe the operational services. They are encouraged to have informal meetings with staff and volunteers and to attend the Management Meetings as an observer. If mutually agreed, trustees are then appointed through invitation and resolution.
## **Terms of office for trustees**
All members of the Management Committee are eligible for re-election each year, up to a maximum of three years, unless the AGM or special general meeting at which the election takes place approves a further term by resolution. The Board regularly reviews gaps in knowledge and skills to inform trustee recruitment and is focused on ensuring diversity amongst Board members.
All new appointees to the board receive a full induction briefing by the trustees, which includes the history of the organisation, financial information, strategic aims, access to all policies and procedures, information of the trustees’ legal responsibility and regular updates from the office on matters pertaining to effective governance and HCEOs ongoing activities. They are encouraged to attend relevant training courses and appraisals.
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## Financial Report
## **Trustees’ Financial Report and Annual Statements For the year ended 31 March 2024**
## **Staff**
9 staff (8 part-time, 1f/t). The delivery of HCEO services relies on a small team of committed staff and volunteers. Where more specialist support is required, we refer the service user or their family to complementary sources of support and advice as we work in close partnership with local charities, the council, GP services and other local providers. We have continued to support an Arts Coordinator to lead on the arts & cultural programme on a Wednesday.
## **Availability and adequacy of assets of each of the funds**
The Trustees are responsible for keeping accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Charities Act 2011.
## **Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
## **Challenges and future plans**
Capacity is an issue which affects communication and planning. Staff have a job title covering one area, but cut across tasks and roles to ensure that the day to day work is done.
Financial sustainability remains a challenge. It is a competitive fundraising landscape and increasing pressure on budgets stretches the money available.
Working with external partners. To be more proactive in taking the lead and look sufficiently for opportunities to develop the project with external partners. We need to publicise and promote our work sufficiently and in good time, to our advantage.
Monitoring. We are piloting a database and CRM system to manage beneficiary information and health data related to dementia, diabetes, high blood pressure and other age-related conditions
31
2023-24 YEAR-END FINANCIAL REPORT
## Financial Report
## **Trustees’ Financial Report and Annual Statements For the year ended 31 March 2024**
## **Transactions and Financial position**
During the year the charity met its expenditure of expenditure of £285,442 (2023: £234,333) through a combination of grants, fees for services provided, donations from individuals and from reserves brought forward from the previous year. The charity has carried forward reserves of £273,554 (2023: £265,971) of which £71,234 (2023: £126,329) is restricted.
32
|**31.3.23**
**Total Funds £**|243,528|23,554|841|**267,923**|
|---|---|---|---|---|
|**31.3.24**
**Total Funds £**|250,397|38,098|4,530|**293,025**|
|**Restricted Funds £**|203,308|||**203,308**|
|**Unrestricted Funds £**|47,089|38,098|4,530|**89,717**|
|**Notes**|2|3|4||
|**INCOME FROM**|Donations|Other Charitable
Activities|Investment Income|**Total**|
##
|**31.3.23**
**Total Funds £**|36,055||143,607|54,671|**234,333**|**33,590**|**232,381**||**265,791**|
|---|---|---|---|---|---|---|---|---|---|
|**31.3.24**
**Total Funds £**|59,058||147,933|78,451|**285,442**|**7,583**|**265,971**||**273,554**|
|**Restricted Funds £**|46,031||144,350|67,932|**258,313**|**(55,005)**|**126,329**||**71,234**|
|**Unrestricted Funds £**|13,027||3,583|**10,519**|**27,129**|**62,588**|**139,642**||**202,230**|
|**Notes**|5|6|4|||||||
|**EXPENDITURE ON**|**Costs of Generating Income**|**Charitable Activities**|Direct Costs|Support Costs|**Total**|**NET INCOME/(EXPENDITURE)**|**RECONCILIATION OF FUNDS**|**Total Funds Bought Forward**|**TOTAL FUNDS CARRIED**
**FORWARD**|
|**31.3.23**
**£**||**3,988**|||**266, 138**||**(4,155)**|
|---|---|---|---|---|---|---|---|
|**31.3.24**
**£**||**4,155**|||**273,975**||**(4,576)**|
|Notes||12||13|||13|
||**FIXED ASSETS**|Tangible Assets|**CURRENT ASSETS**|Debtors|Cash at Bank and In Hand|**CREDITORS**|Amounts falling due within one year|
##
|**31.3.23**
**£**|**261,983**||**265,971**|**232,381**||**139,642**|**126,329**|**265,791**|
|---|---|---|---|---|---|---|---|---|
|**31.3.24**
**£**|**269,399**||**273,554**|**273,554**||**202,230**|**71.324**|**273,554**|
|Notes|||||15||||
||**NET CURRENT ASSETS**|**TOTAL ASSETS LESS CURRENT**|**LIABILITIES**|**NET ASSETS**|**FUNDS**|**Unrestricted funds**|**Restricted funds**|**TOTAL FUNDS**|
2023-24 YEAR-END FINANCIAL REPORT
## Acknowledgements
**Hackney Caribbean Elderly Organisation would like to thank the following for their support and encouragement throughout the year:**
|Antony Stevens|AT Telecommunications Ltd|
|---|---|
|City Bridge Foundation|Dial-A-Ride|
|Dolly Mayers (Patron)|East London Business Alliance
(ELBA)|
|Ella Calderia|Fabulous Cleans Maintenance &
Property Services|
|Friends of HCEO|Hackney Council for Voluntary
Services (HCVS)|
|HATs Group Ltd|IT4 Business|
|Keystone Fund|Local Accountancy Project [LAP]|
|London Borough of Hackney|North East London CCG|
|Patricia Richardson (Wills & Probate)|Preston & Jacksons Partnership
(Auditors)|
|Social Care 4U|The National Lottery Community Fund|
|Trustee to the Charity of Sir Richard
Whittington|Volunteering Centre Hackney|
37
2023-24 YEAR-END FINANCIAL REPORT
https://hackneycaribbean.org.uk
Registered Offices 39 Leswin Road, Stoke Newington, London N16 7NX Company Registration No. 3218456 HCEO is a Company limited by Guarantee. Charity Registration No. 1057603
) Hackney Caribbean
RECISTERED COMPANY NUMBER: 03218456 (England and Wales)
REGISTERED CHAIUTY NUMBER: 1057603
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMEIYTS FOR THE YEAR ENDED 31 MARCH 2024
FOR
HACKNEY CARIBBEAN ELDERLY ORGANISATION
(A COMPANY LIMITED BY GUARANTEE)
Prestons & Jacksons Partnership LLP
364 - 368 Cranbrook Road
Ilford
Essex
IG2 6HY
HACKNEY CARIBBEAN ELDERLY ORGANISATION
CONTENTS OF THE FINANCIAL STATEMEIYTS
FOR THE YEAR ENDED 31 MARCH 2024
Page
Report of tbe Trustees
Independent Examiner's Report
Statement of FiDaDcial Activities
10
Statement of Flnancial Positfion
11 to 12
Notes to the Flnanelal Ststements
13 to 21
Detsiled Statement of Ffingn¢ial Activities
22 to 23
HACKNEY CARIBBEAN ELDERLY ORGANISATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006. present their
report wilh the financial statements of the charity for the year ended 31 March 2024. The Irustees have
adopted the provisions of Accounting and Reporting by Charities: Stalement of Recommended Practice
applicable to charities preparing their accounts in ac¢ordan¢e with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019).
oBJEEs AND ACTIVITIES
Our orgaDisation and charitable purpose
Hackney Caribbean Elderly Organisation (HCEO) is a community organisation that promotes the interests of
anyone over the age of 55, primarily but not exclusively, of African and Caribbean descent. Our ¢haritabl¢
purpose is for the benefit of elders living in and/or with a close association with the London Borough of
Hackney, and we are also recognised as a cultural group thal actively seeks to engage with the community
and other local organisations.
Mission
To bring local older people together to share life.
Vlslon
To work together to build stronger, closer and inclusive communities where every day is to be eagerly
anticipated by the older person.
Values
Our values are integral to everything we do, which is to ensure thal older people have dignity, respect, choice
and 'voice'. We provide support in a p¢rson centred, sensitive Ma[er, tailoring our servi¢¢ provision to meet
the needs of our ben¢ficiaries.
STRATEGIC AIMS
A. To enhance the quality of life and wellbeing of older people, in particular African and Caribb¢an people,
living in the local communily
B. To prevent isolation and loneliness and bring communities together
C. To build good relationships with members, their families and carers, and to work in partnerships with
links to the wider community
D. To increase the number of individuals registering as rnembers and accessing our services
E. To achieve a secure financial future for HCEO
Publlt benefit
The Trust¢es confirni that they have complicd with the duty in Section 4 of the Charities Act 2006 to have
due regard to public benefit guidanc¢ published by the Commission in deterniining the activities undertaken
by the Charity.
Page I
HACIQ¥EY CARIBBEAN ELDERLY ORGANISATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
ACHIEVEMENT AND PERFORMANCE
Cbarit¥dble activities
We had another busy year, making the mosl of HCEO'S resources, as our staff and volunteers have continued
to work above and beyond so ihal members, carers and the community can meet, engage with and support
each other. to learn and be involv¢d in creative activities for a fun, fulfilling and active life in later years.
ACHIEVEMENT AND PERFORMANCE
The following is a reflection of what w¢ have achieved and delivered over the last year against our strategie
aims aDd priority areas:
A&B. To enhance the quality of life and wellbeiDg of older peopl4 in partieular African and
Caribbean peopl& living fin the10¢g1 eommuDity
Progress agafinst priority area: HealtblHealthy LlvlDg
Nutritious Meals: Over 4,125 lunches were Cooked and served on the premise to members. Additional
lunches are proved for those with special needs for them to take home. A vegetarian option is served each
day.
'The meals are always tasty and substantial."
'The [staffjare very helpful. They bring me things like food, I miss out on when I can't come"
Colloboration with a local charity Made ID Hackney for a vegetarian eookery course. Stsff &
volunteers particlpat¢d.
'We enjoyed it; learnt a lot and were surprised at the tastiness of the vegetarian food they cooked for
themselves"
94 Pbysical exerci$t & movement Classes:
lip to 40 attending on a Tuesday. Yoga sessions with
Tripspaee. HCEO demonstrates knowledge of this area as we offer a combination of cardio, flexibility,
balance and strengthening.
"The exeT¢ise teachers are good"
"I've been made more mobile. I came in with pain this Morning) and left without it."
"It made my arthritis more manageable"
Gardening. We are fortunate to have a small courtyaTd garden area. This provides therapeutic benefits as
well as produce which the Cook utilities in the kitchen.
"Amazing to have this resource at the centre, which is also a quiel sanctuary." Family member.
Arts & Culture
94 sessfions held for the year.
Tbursday afternoon arts & craft classes which fosters creativity, individualism. dexterily for some
tasks. A chance to use existing skills, build new skills and abilities, transferable to the home.
Wednesday - Arts & Culture. The tutor focuses on creativity via sustainability, using waste & recycled
materials.
Page 2
HACKNEY CAIUBBEAN ELDERLY ORGANISATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
Outings: Seaside trips to Margate and Bournemouth - 50-seatercoach. MembeTS & families enjoy time
together. Members artwork was exhibited in a 'pop-up' and publicised by BBC Thanet.
Annual Holiday to the Isle of Wlgbt. Staff arranged and facilitated over 50 people on this holiday. For
many this was their first holiday sea crossing for a long time.
C. To build good relatlonshlps with members, their families and carers, and to work in partnerships
Ivith links to the wider community.
Hacliney Luneh Clubs NetivorlL We have done a tremendous amount of development this year, in close
partnership with 12 local centres forming Hackney Lunch Clubs Network supported by Rachel Kin& the
Development Coordinator at HCVS. Our centr¢s are the gateway to many important activities and services:
lunches, exercise, health awareness. health ch¢cks, infornlation, social, art & cultural events, seasonal and
cultural celebrations, education, research. advocacy, conversations & storytelling, having a cup-of-tea
together. bingo & qui72es, and valuable intergenerational events. The Lunch Clubs Network volunteer who
ollates the monitoring has also reminded us that the "the Lunch Cubs are also a space for sadness,
remembering and celebrating the dece&8ed,"
CollaboratlODS Wlth Creatlve Arts provided a &week project of music/movement, slorytelling, arts,
creative writing to enhance creative thinking, develop skills in music, teamwork, communication, feeling
Connected to others, developing confidence and self-esteem and improviT)g wellbeing.
Sweet P8tooteel8 heritage project. Our staff members contributed to a melodrama for the film Turning
Polnt - a Black heritage and comedy film based around 4 storles from Barbados and Jamaica in the 1920s.
HAckney Culture team: Windrush Day 75 years celebrations were a huge success and an opportunity to
see a display of the art-work ¢r¢at¢d by our members, display¢d at The Old Fire Station, and an event for
over 50 people at our centre.
Two trips to tbe Royvdl Albert Hall for 'FTiendship Matinee, of classical/operatic music and again for the
Christmas Carols bonanza. There was great excitement be¢aus¢ for most of our members, this was their very
first visit to the Royal Albert Hall. and extremely enjoyable.
Progress against priority: Raising Awarene$8 - education, advocacy
'Commit to Health, theme:
Healtb workshops:. Womb Cancer Awareness (North E&8t London Cancer Alliance); bowel cancer:
stroke prevention. managing arthrilis. breathing techniques: gratitude and meditation. Approximately 30
people attended each session.
Blood pressure bealth Checks provided by a volunteer nurse and a student nurse fortnightly.
Approximat¢ly 25 pcoplc are checked each time and the nurse alerts staff to any concerns they rnight have
for signposting to the GP.
Health Week: cooking s¢ssion5 on vegetarian meals followed up with talks on the heallh benefits.
dementia awareness; exercise and movement classes, nail pampering.
Page 3
HACKNEY CAIUBBEAN ELDERLY ORGAIYISATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
Clissold Park Neighbollrhood Health Forum: We are an active member of this forum with staff
representation and hosted tneetings for resident engagement. M¢morable presentation from the City
Hackney Homcrton Healthcare NHS Foundation Trust Diabetes Team on their services and Typcs 2
Diabetes Education Courses.
Progre agalnst priority area: Advoeaey & Outreach
With new funding from the City Bridge Foundation we have expanded our Advocacy & Outreach work to
support Dementia. Staff have had 47 enquiries. 31 on-going cases covering.. financial entitlements, so¢Aal
care assessments, housing, complaints, refugee1immigrati0 Iransport: medical questionnaires, signposting.
The Advocacy Officer has said that
"My support to my members and fn]lieS gives them a greater independence and control in tern]s of decision
making. It gives them a voice. It supports the Carers giving them assistance."
Progress agalnst prlorlty area: DemeDtla and Carers, support
Families & Res
ite
31 % of our attendees are affected by dementia and cognitive impairment. We support them to improve their
wellbeing through physical, social and cognitive activilies, as well &s providing respite to families and
carers. We hear from so many family members about what a massive relief it is for them to be able to leave
their loved ones in a safe space and where they will enjoy and hav¢ fun.
"It's given me some time to do other things" Carer.
"H¢ hadn't been able to sleep, but these days [wh¢n at the centre] have made him less restless., (Carer).
Progress against priority area Volunleerlng
3,654 volunteering hours carried out by 95 volunteers. We have a very successful volunleer programm¢
involving student volunteers from local schools and colleges on work experienc¢ such as". New City College,
slington Academy, Inspire, Clapton Girls Academy, City Academy, Excelsior and Bridge Academy.
mature students from Global Banking School had enjoyed their 60-hour work Health & Social Care
placements. Core volunteers who help out on a regular basis.
D. To increase the number of individuals registering as membcrs and acce8slng our services
Club Attendanee: 198 ,, 139 female. 700/0. 59 mal¢ 3/ts. 300/0 increase.
Lives locally: 190
People witb dementla and cognltlve ImpAlrment: Dementia 61 (310/0)
We encourage carers to remain if a person needs a higher level of support.
Our centre has friendly disability access and many service users have multiple health and mobility
diffJcultie5.
. To achieve a seeure fmancial future for HECO
Page 4
HACKNEY CARIBBEAN ELDERLY ORGAIYISATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
Sustainabili
- areas of focus
We have appointed four new trust¢¢s to str¢ngth¢n our governance. We have made use resources from
funders such as The City Bridge Foundation, The National Lottery Community Fund and the Keystonc Fund
to help us to improve organisational resilience e.g re-defining purpose. becoming financially and
operationally fit, looking at systems and processes.
Website, marketing9 comms and Soclal Media. We are on Facebook and Tiktok and have a popular
Instagram account which is successfully managed by one of the staff. We are looking into staff and volunleer
to focus on managing the websit¢ updates and to build our marketing and communications worL
Spa¢e rental to ralse fincome
We are in the process of transforniing the two vacant upstairs rooms of the day centre lo set up a health &
wellbeing centre providing quality, affordable classes and treatments to members (older people), their family
and friends and lo those within the local community.
We would like to thank all of our existing and new funders, organisations and individuals. Without them we
couldn't hav¢ carried out our operations and look forward to their continued support:
The National Lottery Community Fund
North East London CCG
City Bridge Foundation
The Charity of Sir Richard Whittington [The Mercers Company]
London Borough of Hackney
Culture Team Hackney Council and Hackney CVS
The Keystone Fund
Co-op community Fund
FINANCIAL REVIEW
Financial position
Avallablllty and adequaey of assets of eaeb of tbe funds
The Trustees are responsible for keeping accounting records that are sufficient to show and explain thc
Charity's transactions and disclose with reasonable accuracy at any tirne the financial position of the
company and enable them to ensure that the financial siatem¢nt$ ¢omply wilh the Charities Acl 2011.
Reservcs Pollcy
Our Reserves Policy state HCEO'S management committee have estsblished that the unrestricted reserves
should be between 3-6 months of expenditure. Our current level of unrestricted reserves is within this policy.
Transactlons and Ffinanclal posltlon
During the year the charlty met its expenditure ot £285,442 (2023: £234,333) through a combinatlon of
grants, fees for services provided, donations from individuals and from reserves brought forward from the
previous year. The charity has carried forward reserves of £273,554 {2023: £265,971) of which £71,324
{2023: £126,329] is restricted. The trust¢es are grateful to the funders and individuals for their continued
support.
Page 5
HACKNEY CARIBBEAN ELDERLY ORGANISATIOIY
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
CHALLENGESAND RISKS
Capacity is an issue which affects communication and planning.. Staff have a job title covering one are4 but
cut across tssks and rol¢s to ensure that the Work is donc.
To be fjnancially stable in a competitive fundraising landscape and increasing pressure on budgets.
Working with external partners. To be more proactive in taking the lead and look sufficiently for
opportunities to develop the project with external partners. We need to publi¢ise and proftnote our work
suffi¢i¢ntly and in good time, Io OUT advantage.
Monitoring. We are piloting a database and CRM system to manage beneficiary inforn)alion and health data
related lo dementi4 diabetes, high blood pressure, and other age-related conditions
STRucfuRE, GOVERNANCE AND MANAGEMENT
Governfing document
The charity is controlled by its governing document, a deed of trust. and Constitutes a limited company,
limited by guaran1¢¢, as defined by the Companies Act 2006.
Page 6
HACKNEY CARIBBEAN ELDERLY ORGANISATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
The directors of the charitable company (the charity) are its trustees for the purpose of charity law and
throughout this report are collectively referred to as the trustees.
The charity is controlled by its governing document, Memorandum & Articles of Association, and
Constitutes a company, limited by guarantee, as d¢fIned by the Companies Act 2006. The Board of Trustces
IS Tesponsible for the oveTall governance and strategic direction of the charity. The management of HCEO is
the responsibility of the trustees who aTe elected and co-opted under the ternis of the Articles of A$SlatiOn.
The Management team includes a Chair, Treasurer and Company Secretary.
Process for attrAetiDg new trustee$
Trustees are recruited according to their knowledge, skills and experience from the membeTS of the charity.
from the wider local community and from applicants responding to advertisements via specialist
volunteering site5 such as Reach. We welcome any interested individuals to join HCEO. Potential tnlstees
are asked to complete a Skills Audit and are offered the opportunity to visit the centre to interact with the
service users and to observe the operational services. They are encouraged to have inforn]al meetings with
staff and volunteers and to attend the Management Meetings as an observer. If mutually agreed, trustees are
then appointed through invitation and resolulion.
Terms of office for trustees
All member5 of the Management Committee are eligible for re•eleclion each year, up to a maximum of three
years, unless the AGM or special general meeting at which the election takes place approves a further terni
by resolution. The Board regularly review gaps in knowledge and skills to inforni trustee recruilmenl and is
focused on ensuring diversity amongsl Board members.
All new appointees to the board receive a full induction briefing by the trust¢es, which includes the history
of the organi5ation, financial infoTmation, stralegic aims, access to all policies and procedures, infomiation
of the trustee5' legal responsibility and regular updates from the offi¢e on matters pertaining to effective
governance and HCEOS ongoing activities. They are encouraged to attend relevant training Courses and
appraisals.
Staff
9 slaff (8 part.time, Iflt). The delivery of HCEO services relies on a small team of committed staff and
volunteers. Where more specialist support is required, we refer the service user or their family to
complement sources of support and advice as we work in close partnership with local charities, the council.
GP services and other local providers. We have continued to support an Arts Coordinator to lead on the arls
& cultural programme.
Rlsk maDagemenl
The trustees have a duty lo identify and review the risks to which the charity is exposed and to ensure
appropriate controls are in pla¢¢ to provide reasonable assurance against fraud and error.
REFERENCE AI¥D ADMINISTRATIVE DETAI]
Regislered Comp4Dy number
03218456 (England and Wales)
Registered Charlty number
1057603
Registered office
39 Leswin Road
London
N167NX
Page 7
AACKNEY CARIBBEAN LLJ)EIILY ORGANISATION
REPORT OF THE TRUSTEI ES
FOR THE YEI AR ENDED 31 MARCH 2024
Ti"ustees
'rhe Membci's of the Boai'd of Ti'ustees of the Charlty AS at tlie yeAI' elided 31st Murch 2024 were:
Valney Preqcott
Patsicia Richai-dson
Antlioiiy Stevens
Jennifer Hayiies-martin
Ivor Joliii
JennifEr Colleeii Deiinis - Appointed on 7th June 23
Tessa Lee Jones - Ai)pointed on 7tli Julie 23
ShiEya Rainesh - Ai)pointed on 7th lune 23
Inez Cuffy - Resigned on 7th Julie 23
Compgny StcretAry:
Beiyl Pusey
All the dii'ectoi's of tlic coiiipaiiy 'e also tThslees of the charity and tlieir rcspoiisibilities ii)cliide all tlie
responsibililies of dii'ectoiB uiidei. Ihe Coinpanics Acts aiid tiwdtees uiidei. tlie Cliai-ities Act. The directors al'e
Jnejnbei's of tlie cotnpaiiy.
IDdepeEideiit Examliiei.
Anwer Patel BA(HoJis), BFF, FCA
Pi'estoiis & Jacksons Pui-tneiship LLP
364 - 368 .nb]'OOk Road
Ilford
Essex
IG2 6HY
Bankers
HSBC
312 Seven Si8tei's Road
Finsbuiy Park
LA)ndon
N4 2AW
Appi'ov¢d by oidei. of tlie boaj'd of trLiStees on .....
and sigiied on ils behalf by,.
Tiustee
Pagc 8
INDEPENDENT EXAMINERIS REPORT TO THE TRUSTEES OF
HACKNEY CARIBBEAN ELDERLY ORGANISATION
Imdependent eTaminer's report lo tbe trustees of Hackney Caribbean Elderty Organisation (Ithe
Company,)
I report to thc charity trustees on my examination of the accounts of the Company for the year ended
31 March 2024.
Responsibilities #nd basis of rewrt
As the charity's trustees of the Company (and atso its dire¢tors for the purposes of company law) you are
responsible for the preparation of the accounts in accordance with the requirements of the Companies Act
2006 Cthe 2006 Act,).
Having satisfied myself that th¢ accounts of the Company are not required to be audited under Part 16 of the
2006 Act and are eligible for independent examination, I report in respect of my examination of your
charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 201 l Act,). In Carrying out
my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of
the2011 Act.
Independent examfiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I
can confirm that l am qualified to undertake the examinatlon because l am a member of the Institute of
Chartered Accountants in England and Wales. which is one of the listed l)odies.
I have completed my examinalion. l Confim that no matters have come to my attention in connection with
the examination giving me Cause to believe..
a¢countin8 records were not kept in respect of the Company as required by Seclion 386 of the 2006
the accounts do not accord with those re¢ords; or
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other
than any requirement that the accounts give a true and fair view which is not a matter Considered as
part of an independent examinalion. or
the accounts have not been prepared in ac¢ordanc¢ with the methods and principles of the Statement
of Recommended Practice for accounting and reporting by charitie5 (applicable to charities Preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a propel understanding of the accounts to be
reached.
PM£L
Anwer Patel BA(Hons), BFP, FCA
Prestons & Jacksons Partnership LLP
364 - 368 Cranbrook Road
Ilford
Essex
IG2 6HY
181.::.1.. .......-
Page 9
HACKNEY CARIBBEAN ELDERLY ORGANISATION
STATEMENT OF FINANCJAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024
31.3.24
Total
funds
31.3.23
Total
funds
Unrestricted Restricted
fund
fund
Notes
INCOME FROM
Donations
47,089
203?08
250J97
243,528
Other Charitable activities
Investment income
38,098
4,530
38,098
4,530
23,554
841
Total
89,717
203,308
293,025
267,923
EXPENDJTURE ON
Costs of Generating Income
13,027
46,031
59,058
36,055
Charitable ictivities
Direct Costs
Support Costs
3,583
IOA19
144,350
67,932
147,933
78,451
143,607
54,671
TotAI
27,129
258,313
285,442
234,333
NET INCOMEI(EXPENDITURE)
62,588
(55,005)
7,583
33,590
RECONCILIATION OF FUNDS
Total funds brought forward
139,642
126,329
265,971
232,381
TOTAL FUNDS CARRIED FORWARD
202230
71,324
273,554
265,971
The notes fonn part of these financial statements
Page 10
HACKNEY CARIBBEAN ELDERLY ORGANISATION
STATEMENT OF FINANCIAL POSITION
31 MARCH 2024
31.3.24
31.3.23
Notes
FIXED ASSETS
Tangible &8sets
12
4,155
3.988
CURRENT ASSETS
Cash at bank and in hand
273,975
266,138
CREDITORS
Amounts falling due within one year
13
(4,576)
(4,155)
NET CURRENT ASSETS
269,399
261,983
TOTAL ASSETS LESS CURRENT
LIABILITIES
273 J54
265,971
NET ASSETS
273,554
265,971
FUNDS
Unrestricted funds
Reslricted funds
15
202,230
71J24
139,642
126,329
TOTAL FUNDS
273,554
265,971
The charitable company is entitled io exemption from audit under Section 477 of the Companies Ad 2006
t.or the year ended 31 March 2024.
The members have nol required the company to obtain an audit of its financial statements for the year ended
31 March 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees a¢knowledge their responsibilities for
(a)
ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387
of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable
company as at the end of each financial year and of its surplus or deficit for each financial year in
accordance with the requirements of Sections 394 and 395 and which otherwise comply with the
requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the
charitable company.
The notes forni part of these financial ststements
Pagell
continued...
HACKNEY CARIBBEAN ELDERLY ORGANISAI'ION
srATEMFNT OF FINANCIALPOSITJON- continued
3J MARCH 2024
These finaiicial stateineiits have been pYeJ)aied in aCCda1)ce with tlie pi'ovisions applicable to cliaritable
¢omi)anies subject lo the sinall companies regimc.
The
Inai
ial statenieiits wci'c appiDved by th¢ Board of 'fiustees aiid aiithoi'ised for issue on
we signed on its belialf by:
.1 Istee
Trustee
.1 lie notes forin part of tliese fiiidnLial 8tatemeJits
Pagc 12
HACKNEY CARIBBEAN ELDERLY ORGANISATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THF YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES
Basig of prepgrlng the finantial st2tements
The financial statements of the charitable company, which is a public benefit entity under FRS 102,
have been prepared in accordan¢¢ with the Charities SORP (FRS 102) 'Accounting and Reporting by
Charities., Statement of Recommended Practic¢ applicable to charities prepaTing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS
102) (effective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard
applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements
have been prepared under the historical cost convention.
The charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are
initially recognised at historical cost or transaction value unless otherwise stated in the relevant
accounting pollcy note(s).
Income
All income is recognised in the Statement of Financial Activitie5 once the chariiy has entitlement to
the funds, It is probable that the income will be received and the amount can be measured r¢liably.
Donations are Tecognised when ihe 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
p¢rfonnance before the charity is entitled to the funds, the income is defeed and not recognised until
either those conditions are fully met, or the fulfilment of those condition is wholly within the control
of the charity and is probable that those conditions will be tulfilled in the reporting period.
Expeuditure and irreeover2ble vat
Liabilities are recognised as expenditure as soon as there is a legal OT constructive obligation
committing the charity to that expenditure, it is probable that a Iransfer of economic benefils will be
required in settlement and the amount of Ihe obligation can be measured reliably. Expenditure is
accounted for on an accruals basis and has been classified under headings that aggregate all cost
related to the category. Wher¢ costs cannot be directly attributed to particular headings they have
been allocat¢d to activities on a basis consistent with the use of resources.
Irrecoverable VAT is charged as cost against th¢ activity for which the expenditure was incurred.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its
estimated useful life.
Plant and machinery
250/0 on reducing balance
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated
impairnient losses. Historical cost includes expenditure that is directly attributable to bringing the
asset to the location and condition necessary for it to be capable of operating in the manner intended
by management
T¥xation
The charity 15 exempt from corporation t&x on its charitable tIvities.
Fund accoujjting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the
trustees.
Page 13
continued...
HACKNEY CARIBBEAN ELDERLY ORGANISATION
NOTES TO THE FINANCIAL sTATEmErs - eontinued
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES - conlinued
Fund accounting
Restricted funds can only be us¢d foT particular restricted purposes within the objects of the charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricled
purposes.
Further explanation of the nature and purpose of each fund is included in the notes lo the financial
statements.
Debtors
Basic financial assets, including trade and other debtors, are initially recogni5ed at transaction price,
unless the rangement constitutes a fjnancing transaction, where the transaction is measured at the
present value of thc future receipts discounted at a market rate of interest. Such assets are
subsequently caled at amortised cosr using the effective interest method, less any impairn]ent.
PensioD Costs and other post-retirement benefits
The charilable company operates a defined contribution pension scheme. Contributions payable to
the charitabl¢ company's pension scheme are charged to the Statement of Financial Activities in the
peri¢)d to which they relate.
Creditors
Basic financial liabilities. including trade and other creditors, loans from third parties and loans from
related parties, are initially recognised al transaction price, unless th¢ arrangement constilutes a
financing transaction. where the debt instrument is measured at the present value of the future
payments dis¢ounted at a rnarket rate of interest. Such instruments are subsequently carried at
amortised cost using the effeclive interest method, less any impainnent.
Going Concern
As with many charities, the charity is reliant on continued support from its funders.The company has
received additional fundings to enable it to continue lo provide its services.
The Irustees are confident of continued support from their funders. It is for this reason the accounts
have been prepared on a going concern basis.
DONATIONS
31J.24
31.3.23
Members Contribution
Donations
Grants
870
1.661
247,866
633
9,677
233,218
250J97
243,528
Page 14
continued...
HACI(NEY CARIBBEAN ELDERLY ORGANISATION
NOTES TO THE FINANCtAL STATEMENTS - continued
FOR THE YEAR ElED 31 MARCH 2024
DOIYATIONS- continued
Grants received, included in the above, are as follows:
31J.24
31.3.23
LB of Hackney
City Bridge Foundation
Xmas Club
London Catalyst
North East London NHS Foundation Trust
National Lottery Community Fund
The Charity of Sir Richard Whtttington
Postcode Society Trust
The Edward Gostling Foundation
Charles S French Charitable Trust
Grocers, Hall Charity
The Merchant Taylors, Foundation
The Ubele Initiative-majonzi Fund
The Co-op Community Fund
The London Foundation Management Group
The London Community Fund
Key51one Fund
LB Hackney - Arts Engagement for Demenlia
LB of Hackney - The Windrush 75th Anniversary
23,623
56Jl)O
9,396
38,543
6,640
500
29,701
79,834
33,000
25,000
10,000
3,000
2,500
4,000
500
29,701
70,071
35,640
1,026
1,500
5,500
9,909
3,000
2,000
247,866
233,218
OTHER CHARITABLE A1VITIEs
31.3.24
31,3.23
Fundraising events
38,098
23,554
INVESTMEIYT INCOME
31.3.24
31.3.23
Deposit account interest
4,530
841
Page 15
continued...
HACKNEY CARIBBKAN ELDERLY ORGANISATION
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2024
COSTS OF GENERATING INCOME
Ralsing don¥tions And legacies
31.3.24
31.3.23
Members Holidays Costs
Xmas Club Costs
Lunch Club Costs
TTansport Costs
Activities
Art & Craft
Exercise
9,604
7,500
20,619
9256
3,755
6,683
1,641
5,371
13,090
5,092
4,425
6,677
1,400
59,058
36,055
CHARITABLE ACTIVITIES COSTS
Support
costs {se¢
note 7)
Direct
Costs
Totals
Direct Costs
Support Costs
147,933
lJ85
147,933
78,451
77,066
149,318
77,066
226,384
SUPPORT COSTS
Governance
costs
Management Finance
Totals
Support Costs
52J)9
20,928
3,629
77,066
NET INCOMEI(EXPENDITURE)
Net income/{expendilure) is stated after chargingl(crediling):
31.3.24
31.3.23
Depreciation - owned assets
Independent Examiners Fees
1,385
2,500
1,329
2,500
Page 16
continued...
HAcIayEY CARIBBEAN ELDERLY ORGANISATION
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
TRUSTEES, REMUNERATION AND BENEFJTS
There were no trustees, remuneration OT Other benefits for the year ended 31 March 2024 nor for the
year ended 31 March 2023.
Trustee$, expenses
31,3.24
31.3.23
Trustees, expenses
34
10. KEY MANAGEMENT PERSONNEL
31.3.24
31.3.23
Wages and salaries
oiher pension costs
139,783
6,109
131,153
6,327
145,892
137,480
The average monthly number of employees during the year was as follows:
31.3.24
31.3.23
Engaged on charilable aclivities
Engaged on Management and Administration
10
No employees received emolumenls in excess of £60,000.
The Key Management Personnel comprises of the Board of Trustees and the Day Services Manager
whose annual gross remuneration was £37,502 in the year. (2023 - £32,484),
11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES 31 MARCH 2023
Unrestricted Restricted
Total
fund
fund
timds
INCOME FROM
Donations
38,323
205,205
243,528
Other Charitable activities
Investment incom¢
23,554
23,554
841
Total
62,718
205.205
267,923
EXPENDITURE ON
Costs of Generating Income
12,022
24,Q33
36,055
Page 17
continued...
HACKNEY CARIBBEAN ELDERLY ORGANISATION
NOTES TO THE FINANCIAL STATEMENfs - eontinued
FOR THE YEAR ENDED 31 MARCH 2024
11. COMPARATtVES FOR THE STATEMENT OF FINAIYCIAL AcfIviTIES 31 MARCH 2023
- continued
Unrestricted Restricted
fund
fund
Total
funds
Charitabje activities
Direct Costs
Support Costs
10,074
(4.422)
133,533
59,093
143,607
54,671
Total
17,674
216,659
234.333
NET INCOMEI(EXPENDITURE)
45,044
(11,454)
33,590
RECONCILIATION OF FUNDS
Tolal funds broughi forward
94,598
137,783
232,381
TOTAL FUNDS CARRIED
FORWARD
139,642
126,329
265,971
12. TANGIBLE FIXED ASSETS
Plant and
machincry
COST
At l April 2023
Additions
18,574
1,552
At 31 March 2024
20,126
DEPRECIATION
At l April 2023
Charge for year
14,586
1,385
At 31 March 2024
15,971
NET BOOK VALUE
Al 31 March 2024
4,155
At 31 March 2023
3,988
Page 18
continued...
HACKNEY CARIBBEAN ELDERLY ORGANISATION
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31J.24
31.3.23
Trade Creditors
4J76
4,155
14. RESTRICTED FUNDS
Analysts of Restrlcted Funds carried forward as at 31st March 2024
31.3.2024
31.3.2023
LB of Hackney -VCS ARTS
Postcode Society
East London NHS Foundation - BME Dementia Outreach
National Lottery Community Fund
The Charity of Sir Richard Whittington
Xmas Club
Edward Gostling
North East London CCG
LB of Hackney - Arts & Demenlia
City Bridge Trust
Keystone Funds
5.879
22,549
4,325
46,454
30,003
2,013
8,418
6,688
2,442
3,100
32,161
3.804
2,643
3,000
21,438
2,736
71,324
126,329
15. MOVEMENT IN FUNDS
Net
movement
in funds
At
3113124
At 114123
Unrejtrlcted funds
General fund
139,642
62,588
202,230
Restrlcted funds
Restricted
126J29
(55,005)
71,324
TOTAL FUIYDS
265,971
7,583
273,554
Page 19
continued...
HACKNEY CARIBBEAN ELDERLY ORGANISATION
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
15. MoVKmE IN FUNDS- continued
Net movem¢nt in funds. included in th¢ above are as follows:
Incoming Resources Movement
resources
expended
in funds
Unrestricted funds
General fund
89.717
{27,129)
62,588
Rejtrieted funds
R¢stricted
203J08
(258J13)
(55.005)
TOTAL FUNDS
293,025
(285.442)
7,583
Comparatives for movement in funds
Net
movement
in funds
At
3113123
At 114122
Unrestrleted funds
General fund
94,598
45,044
139,642
Restrficted tsnds
Restri¢ted
137,783
(11,454)
126,329
TOTAL FUNDS
232,381
33,590
265,971
Comparative net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources
expended
in funds
Unrestricted funds
General fund
62,718
(17,674)
45,044
Restricted funds
Restricted
205.205
(216,659)
(11,454)
TOTAL FUNDS
267,923
(234,333)
33.590
Page 20
continued...
HACKNEY CARIBBEAN ELDERLY ORGANISATION
NOTES TO THE FIIYANCIAL STATEMENTS - eonlinued
FOR THE YEAR ENDED 31 MARCH 2024
J6. RELATED PARTY DISCLOSURES
Th¢re were no r¢lated paty transactions for the year ended 31 March 2024.
Page 21
RECISTERED COMPANY NUMBER: 03218456 (England and Wales)
REGISTERED CHAIUTY NUMBER: 1057603
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMEIYTS FOR THE YEAR ENDED 31 MARCH 2024
FOR
HACKNEY CARIBBEAN ELDERLY ORGANISATION
(A COMPANY LIMITED BY GUARANTEE)
Prestons & Jacksons Partnership LLP
364 - 368 Cranbrook Road
Ilford
Essex
IG2 6HY
HACKNEY CARIBBEAN ELDERLY ORGANISATION
CONTENTS OF THE FINANCIAL STATEMEIYTS
FOR THE YEAR ENDED 31 MARCH 2024
Page
Report of tbe Trustees
Independent Examiner's Report
Statement of FiDaDcial Activities
10
Statement of Flnancial Positfion
11 to 12
Notes to the Flnanelal Ststements
13 to 21
Detsiled Statement of Ffingn¢ial Activities
22 to 23
HACKNEY CARIBBEAN ELDERLY ORGANISATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006. present their
report wilh the financial statements of the charity for the year ended 31 March 2024. The Irustees have
adopted the provisions of Accounting and Reporting by Charities: Stalement of Recommended Practice
applicable to charities preparing their accounts in ac¢ordan¢e with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019).
oBJEEs AND ACTIVITIES
Our orgaDisation and charitable purpose
Hackney Caribbean Elderly Organisation (HCEO) is a community organisation that promotes the interests of
anyone over the age of 55, primarily but not exclusively, of African and Caribbean descent. Our ¢haritabl¢
purpose is for the benefit of elders living in and/or with a close association with the London Borough of
Hackney, and we are also recognised as a cultural group thal actively seeks to engage with the community
and other local organisations.
Mission
To bring local older people together to share life.
Vlslon
To work together to build stronger, closer and inclusive communities where every day is to be eagerly
anticipated by the older person.
Values
Our values are integral to everything we do, which is to ensure thal older people have dignity, respect, choice
and 'voice'. We provide support in a p¢rson centred, sensitive Ma[er, tailoring our servi¢¢ provision to meet
the needs of our ben¢ficiaries.
STRATEGIC AIMS
A. To enhance the quality of life and wellbeing of older people, in particular African and Caribb¢an people,
living in the local communily
B. To prevent isolation and loneliness and bring communities together
C. To build good relationships with members, their families and carers, and to work in partnerships with
links to the wider community
D. To increase the number of individuals registering as rnembers and accessing our services
E. To achieve a secure financial future for HCEO
Publlt benefit
The Trust¢es confirni that they have complicd with the duty in Section 4 of the Charities Act 2006 to have
due regard to public benefit guidanc¢ published by the Commission in deterniining the activities undertaken
by the Charity.
Page I
HACIQ¥EY CARIBBEAN ELDERLY ORGANISATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
ACHIEVEMENT AND PERFORMANCE
Cbarit¥dble activities
We had another busy year, making the mosl of HCEO'S resources, as our staff and volunteers have continued
to work above and beyond so ihal members, carers and the community can meet, engage with and support
each other. to learn and be involv¢d in creative activities for a fun, fulfilling and active life in later years.
ACHIEVEMENT AND PERFORMANCE
The following is a reflection of what w¢ have achieved and delivered over the last year against our strategie
aims aDd priority areas:
A&B. To enhance the quality of life and wellbeiDg of older peopl4 in partieular African and
Caribbean peopl& living fin the10¢g1 eommuDity
Progress agafinst priority area: HealtblHealthy LlvlDg
Nutritious Meals: Over 4,125 lunches were Cooked and served on the premise to members. Additional
lunches are proved for those with special needs for them to take home. A vegetarian option is served each
day.
'The meals are always tasty and substantial."
'The [staffjare very helpful. They bring me things like food, I miss out on when I can't come"
Colloboration with a local charity Made ID Hackney for a vegetarian eookery course. Stsff &
volunteers particlpat¢d.
'We enjoyed it; learnt a lot and were surprised at the tastiness of the vegetarian food they cooked for
themselves"
94 Pbysical exerci$t & movement Classes:
lip to 40 attending on a Tuesday. Yoga sessions with
Tripspaee. HCEO demonstrates knowledge of this area as we offer a combination of cardio, flexibility,
balance and strengthening.
"The exeT¢ise teachers are good"
"I've been made more mobile. I came in with pain this Morning) and left without it."
"It made my arthritis more manageable"
Gardening. We are fortunate to have a small courtyaTd garden area. This provides therapeutic benefits as
well as produce which the Cook utilities in the kitchen.
"Amazing to have this resource at the centre, which is also a quiel sanctuary." Family member.
Arts & Culture
94 sessfions held for the year.
Tbursday afternoon arts & craft classes which fosters creativity, individualism. dexterily for some
tasks. A chance to use existing skills, build new skills and abilities, transferable to the home.
Wednesday - Arts & Culture. The tutor focuses on creativity via sustainability, using waste & recycled
materials.
Page 2
HACKNEY CAIUBBEAN ELDERLY ORGANISATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
Outings: Seaside trips to Margate and Bournemouth - 50-seatercoach. MembeTS & families enjoy time
together. Members artwork was exhibited in a 'pop-up' and publicised by BBC Thanet.
Annual Holiday to the Isle of Wlgbt. Staff arranged and facilitated over 50 people on this holiday. For
many this was their first holiday sea crossing for a long time.
C. To build good relatlonshlps with members, their families and carers, and to work in partnerships
Ivith links to the wider community.
Hacliney Luneh Clubs NetivorlL We have done a tremendous amount of development this year, in close
partnership with 12 local centres forming Hackney Lunch Clubs Network supported by Rachel Kin& the
Development Coordinator at HCVS. Our centr¢s are the gateway to many important activities and services:
lunches, exercise, health awareness. health ch¢cks, infornlation, social, art & cultural events, seasonal and
cultural celebrations, education, research. advocacy, conversations & storytelling, having a cup-of-tea
together. bingo & qui72es, and valuable intergenerational events. The Lunch Clubs Network volunteer who
ollates the monitoring has also reminded us that the "the Lunch Cubs are also a space for sadness,
remembering and celebrating the dece&8ed,"
CollaboratlODS Wlth Creatlve Arts provided a &week project of music/movement, slorytelling, arts,
creative writing to enhance creative thinking, develop skills in music, teamwork, communication, feeling
Connected to others, developing confidence and self-esteem and improviT)g wellbeing.
Sweet P8tooteel8 heritage project. Our staff members contributed to a melodrama for the film Turning
Polnt - a Black heritage and comedy film based around 4 storles from Barbados and Jamaica in the 1920s.
HAckney Culture team: Windrush Day 75 years celebrations were a huge success and an opportunity to
see a display of the art-work ¢r¢at¢d by our members, display¢d at The Old Fire Station, and an event for
over 50 people at our centre.
Two trips to tbe Royvdl Albert Hall for 'FTiendship Matinee, of classical/operatic music and again for the
Christmas Carols bonanza. There was great excitement be¢aus¢ for most of our members, this was their very
first visit to the Royal Albert Hall. and extremely enjoyable.
Progress against priority: Raising Awarene$8 - education, advocacy
'Commit to Health, theme:
Healtb workshops:. Womb Cancer Awareness (North E&8t London Cancer Alliance); bowel cancer:
stroke prevention. managing arthrilis. breathing techniques: gratitude and meditation. Approximately 30
people attended each session.
Blood pressure bealth Checks provided by a volunteer nurse and a student nurse fortnightly.
Approximat¢ly 25 pcoplc are checked each time and the nurse alerts staff to any concerns they rnight have
for signposting to the GP.
Health Week: cooking s¢ssion5 on vegetarian meals followed up with talks on the heallh benefits.
dementia awareness; exercise and movement classes, nail pampering.
Page 3
HACKNEY CAIUBBEAN ELDERLY ORGAIYISATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
Clissold Park Neighbollrhood Health Forum: We are an active member of this forum with staff
representation and hosted tneetings for resident engagement. M¢morable presentation from the City
Hackney Homcrton Healthcare NHS Foundation Trust Diabetes Team on their services and Typcs 2
Diabetes Education Courses.
Progre agalnst priority area: Advoeaey & Outreach
With new funding from the City Bridge Foundation we have expanded our Advocacy & Outreach work to
support Dementia. Staff have had 47 enquiries. 31 on-going cases covering.. financial entitlements, so¢Aal
care assessments, housing, complaints, refugee1immigrati0 Iransport: medical questionnaires, signposting.
The Advocacy Officer has said that
"My support to my members and fn]lieS gives them a greater independence and control in tern]s of decision
making. It gives them a voice. It supports the Carers giving them assistance."
Progress agalnst prlorlty area: DemeDtla and Carers, support
Families & Res
ite
31 % of our attendees are affected by dementia and cognitive impairment. We support them to improve their
wellbeing through physical, social and cognitive activilies, as well &s providing respite to families and
carers. We hear from so many family members about what a massive relief it is for them to be able to leave
their loved ones in a safe space and where they will enjoy and hav¢ fun.
"It's given me some time to do other things" Carer.
"H¢ hadn't been able to sleep, but these days [wh¢n at the centre] have made him less restless., (Carer).
Progress against priority area Volunleerlng
3,654 volunteering hours carried out by 95 volunteers. We have a very successful volunleer programm¢
involving student volunteers from local schools and colleges on work experienc¢ such as". New City College,
slington Academy, Inspire, Clapton Girls Academy, City Academy, Excelsior and Bridge Academy.
mature students from Global Banking School had enjoyed their 60-hour work Health & Social Care
placements. Core volunteers who help out on a regular basis.
D. To increase the number of individuals registering as membcrs and acce8slng our services
Club Attendanee: 198 ,, 139 female. 700/0. 59 mal¢ 3/ts. 300/0 increase.
Lives locally: 190
People witb dementla and cognltlve ImpAlrment: Dementia 61 (310/0)
We encourage carers to remain if a person needs a higher level of support.
Our centre has friendly disability access and many service users have multiple health and mobility
diffJcultie5.
. To achieve a seeure fmancial future for HECO
Page 4
HACKNEY CARIBBEAN ELDERLY ORGAIYISATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
Sustainabili
- areas of focus
We have appointed four new trust¢¢s to str¢ngth¢n our governance. We have made use resources from
funders such as The City Bridge Foundation, The National Lottery Community Fund and the Keystonc Fund
to help us to improve organisational resilience e.g re-defining purpose. becoming financially and
operationally fit, looking at systems and processes.
Website, marketing9 comms and Soclal Media. We are on Facebook and Tiktok and have a popular
Instagram account which is successfully managed by one of the staff. We are looking into staff and volunleer
to focus on managing the websit¢ updates and to build our marketing and communications worL
Spa¢e rental to ralse fincome
We are in the process of transforniing the two vacant upstairs rooms of the day centre lo set up a health &
wellbeing centre providing quality, affordable classes and treatments to members (older people), their family
and friends and lo those within the local community.
We would like to thank all of our existing and new funders, organisations and individuals. Without them we
couldn't hav¢ carried out our operations and look forward to their continued support:
The National Lottery Community Fund
North East London CCG
City Bridge Foundation
The Charity of Sir Richard Whittington [The Mercers Company]
London Borough of Hackney
Culture Team Hackney Council and Hackney CVS
The Keystone Fund
Co-op community Fund
FINANCIAL REVIEW
Financial position
Avallablllty and adequaey of assets of eaeb of tbe funds
The Trustees are responsible for keeping accounting records that are sufficient to show and explain thc
Charity's transactions and disclose with reasonable accuracy at any tirne the financial position of the
company and enable them to ensure that the financial siatem¢nt$ ¢omply wilh the Charities Acl 2011.
Reservcs Pollcy
Our Reserves Policy state HCEO'S management committee have estsblished that the unrestricted reserves
should be between 3-6 months of expenditure. Our current level of unrestricted reserves is within this policy.
Transactlons and Ffinanclal posltlon
During the year the charlty met its expenditure ot £285,442 (2023: £234,333) through a combinatlon of
grants, fees for services provided, donations from individuals and from reserves brought forward from the
previous year. The charity has carried forward reserves of £273,554 {2023: £265,971) of which £71,324
{2023: £126,329] is restricted. The trust¢es are grateful to the funders and individuals for their continued
support.
Page 5
HACKNEY CARIBBEAN ELDERLY ORGANISATIOIY
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
CHALLENGESAND RISKS
Capacity is an issue which affects communication and planning.. Staff have a job title covering one are4 but
cut across tssks and rol¢s to ensure that the Work is donc.
To be fjnancially stable in a competitive fundraising landscape and increasing pressure on budgets.
Working with external partners. To be more proactive in taking the lead and look sufficiently for
opportunities to develop the project with external partners. We need to publi¢ise and proftnote our work
suffi¢i¢ntly and in good time, Io OUT advantage.
Monitoring. We are piloting a database and CRM system to manage beneficiary inforn)alion and health data
related lo dementi4 diabetes, high blood pressure, and other age-related conditions
STRucfuRE, GOVERNANCE AND MANAGEMENT
Governfing document
The charity is controlled by its governing document, a deed of trust. and Constitutes a limited company,
limited by guaran1¢¢, as defined by the Companies Act 2006.
Page 6
HACKNEY CARIBBEAN ELDERLY ORGANISATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
The directors of the charitable company (the charity) are its trustees for the purpose of charity law and
throughout this report are collectively referred to as the trustees.
The charity is controlled by its governing document, Memorandum & Articles of Association, and
Constitutes a company, limited by guarantee, as d¢fIned by the Companies Act 2006. The Board of Trustces
IS Tesponsible for the oveTall governance and strategic direction of the charity. The management of HCEO is
the responsibility of the trustees who aTe elected and co-opted under the ternis of the Articles of A$SlatiOn.
The Management team includes a Chair, Treasurer and Company Secretary.
Process for attrAetiDg new trustee$
Trustees are recruited according to their knowledge, skills and experience from the membeTS of the charity.
from the wider local community and from applicants responding to advertisements via specialist
volunteering site5 such as Reach. We welcome any interested individuals to join HCEO. Potential tnlstees
are asked to complete a Skills Audit and are offered the opportunity to visit the centre to interact with the
service users and to observe the operational services. They are encouraged to have inforn]al meetings with
staff and volunteers and to attend the Management Meetings as an observer. If mutually agreed, trustees are
then appointed through invitation and resolulion.
Terms of office for trustees
All member5 of the Management Committee are eligible for re•eleclion each year, up to a maximum of three
years, unless the AGM or special general meeting at which the election takes place approves a further terni
by resolution. The Board regularly review gaps in knowledge and skills to inforni trustee recruilmenl and is
focused on ensuring diversity amongsl Board members.
All new appointees to the board receive a full induction briefing by the trust¢es, which includes the history
of the organi5ation, financial infoTmation, stralegic aims, access to all policies and procedures, infomiation
of the trustee5' legal responsibility and regular updates from the offi¢e on matters pertaining to effective
governance and HCEOS ongoing activities. They are encouraged to attend relevant training Courses and
appraisals.
Staff
9 slaff (8 part.time, Iflt). The delivery of HCEO services relies on a small team of committed staff and
volunteers. Where more specialist support is required, we refer the service user or their family to
complement sources of support and advice as we work in close partnership with local charities, the council.
GP services and other local providers. We have continued to support an Arts Coordinator to lead on the arls
& cultural programme.
Rlsk maDagemenl
The trustees have a duty lo identify and review the risks to which the charity is exposed and to ensure
appropriate controls are in pla¢¢ to provide reasonable assurance against fraud and error.
REFERENCE AI¥D ADMINISTRATIVE DETAI]
Regislered Comp4Dy number
03218456 (England and Wales)
Registered Charlty number
1057603
Registered office
39 Leswin Road
London
N167NX
Page 7
AACKNEY CARIBBEAN LLJ)EIILY ORGANISATION
REPORT OF THE TRUSTEI ES
FOR THE YEI AR ENDED 31 MARCH 2024
Ti"ustees
'rhe Membci's of the Boai'd of Ti'ustees of the Charlty AS at tlie yeAI' elided 31st Murch 2024 were:
Valney Preqcott
Patsicia Richai-dson
Antlioiiy Stevens
Jennifer Hayiies-martin
Ivor Joliii
JennifEr Colleeii Deiinis - Appointed on 7th June 23
Tessa Lee Jones - Ai)pointed on 7tli Julie 23
ShiEya Rainesh - Ai)pointed on 7th lune 23
Inez Cuffy - Resigned on 7th Julie 23
Compgny StcretAry:
Beiyl Pusey
All the dii'ectoi's of tlic coiiipaiiy 'e also tThslees of the charity and tlieir rcspoiisibilities ii)cliide all tlie
responsibililies of dii'ectoiB uiidei. Ihe Coinpanics Acts aiid tiwdtees uiidei. tlie Cliai-ities Act. The directors al'e
Jnejnbei's of tlie cotnpaiiy.
IDdepeEideiit Examliiei.
Anwer Patel BA(HoJis), BFF, FCA
Pi'estoiis & Jacksons Pui-tneiship LLP
364 - 368 .nb]'OOk Road
Ilford
Essex
IG2 6HY
Bankers
HSBC
312 Seven Si8tei's Road
Finsbuiy Park
LA)ndon
N4 2AW
Appi'ov¢d by oidei. of tlie boaj'd of trLiStees on .....
and sigiied on ils behalf by,.
Tiustee
Pagc 8
INDEPENDENT EXAMINERIS REPORT TO THE TRUSTEES OF
HACKNEY CARIBBEAN ELDERLY ORGANISATION
Imdependent eTaminer's report lo tbe trustees of Hackney Caribbean Elderty Organisation (Ithe
Company,)
I report to thc charity trustees on my examination of the accounts of the Company for the year ended
31 March 2024.
Responsibilities #nd basis of rewrt
As the charity's trustees of the Company (and atso its dire¢tors for the purposes of company law) you are
responsible for the preparation of the accounts in accordance with the requirements of the Companies Act
2006 Cthe 2006 Act,).
Having satisfied myself that th¢ accounts of the Company are not required to be audited under Part 16 of the
2006 Act and are eligible for independent examination, I report in respect of my examination of your
charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 201 l Act,). In Carrying out
my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of
the2011 Act.
Independent examfiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I
can confirm that l am qualified to undertake the examinatlon because l am a member of the Institute of
Chartered Accountants in England and Wales. which is one of the listed l)odies.
I have completed my examinalion. l Confim that no matters have come to my attention in connection with
the examination giving me Cause to believe..
a¢countin8 records were not kept in respect of the Company as required by Seclion 386 of the 2006
the accounts do not accord with those re¢ords; or
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other
than any requirement that the accounts give a true and fair view which is not a matter Considered as
part of an independent examinalion. or
the accounts have not been prepared in ac¢ordanc¢ with the methods and principles of the Statement
of Recommended Practice for accounting and reporting by charitie5 (applicable to charities Preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a propel understanding of the accounts to be
reached.
PM£L
Anwer Patel BA(Hons), BFP, FCA
Prestons & Jacksons Partnership LLP
364 - 368 Cranbrook Road
Ilford
Essex
IG2 6HY
181.::.1.. .......-
Page 9
HACKNEY CARIBBEAN ELDERLY ORGANISATION
STATEMENT OF FINANCJAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024
31.3.24
Total
funds
31.3.23
Total
funds
Unrestricted Restricted
fund
fund
Notes
INCOME FROM
Donations
47,089
203?08
250J97
243,528
Other Charitable activities
Investment income
38,098
4,530
38,098
4,530
23,554
841
Total
89,717
203,308
293,025
267,923
EXPENDJTURE ON
Costs of Generating Income
13,027
46,031
59,058
36,055
Charitable ictivities
Direct Costs
Support Costs
3,583
IOA19
144,350
67,932
147,933
78,451
143,607
54,671
TotAI
27,129
258,313
285,442
234,333
NET INCOMEI(EXPENDITURE)
62,588
(55,005)
7,583
33,590
RECONCILIATION OF FUNDS
Total funds brought forward
139,642
126,329
265,971
232,381
TOTAL FUNDS CARRIED FORWARD
202230
71,324
273,554
265,971
The notes fonn part of these financial statements
Page 10
HACKNEY CARIBBEAN ELDERLY ORGANISATION
STATEMENT OF FINANCIAL POSITION
31 MARCH 2024
31.3.24
31.3.23
Notes
FIXED ASSETS
Tangible &8sets
12
4,155
3.988
CURRENT ASSETS
Cash at bank and in hand
273,975
266,138
CREDITORS
Amounts falling due within one year
13
(4,576)
(4,155)
NET CURRENT ASSETS
269,399
261,983
TOTAL ASSETS LESS CURRENT
LIABILITIES
273 J54
265,971
NET ASSETS
273,554
265,971
FUNDS
Unrestricted funds
Reslricted funds
15
202,230
71J24
139,642
126,329
TOTAL FUNDS
273,554
265,971
The charitable company is entitled io exemption from audit under Section 477 of the Companies Ad 2006
t.or the year ended 31 March 2024.
The members have nol required the company to obtain an audit of its financial statements for the year ended
31 March 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees a¢knowledge their responsibilities for
(a)
ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387
of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable
company as at the end of each financial year and of its surplus or deficit for each financial year in
accordance with the requirements of Sections 394 and 395 and which otherwise comply with the
requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the
charitable company.
The notes forni part of these financial ststements
Pagell
continued...
HACKNEY CARIBBEAN ELDERLY ORGANISAI'ION
srATEMFNT OF FINANCIALPOSITJON- continued
3J MARCH 2024
These finaiicial stateineiits have been pYeJ)aied in aCCda1)ce with tlie pi'ovisions applicable to cliaritable
¢omi)anies subject lo the sinall companies regimc.
The
Inai
ial statenieiits wci'c appiDved by th¢ Board of 'fiustees aiid aiithoi'ised for issue on
we signed on its belialf by:
.1 Istee
Trustee
.1 lie notes forin part of tliese fiiidnLial 8tatemeJits
Pagc 12
HACKNEY CARIBBEAN ELDERLY ORGANISATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THF YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES
Basig of prepgrlng the finantial st2tements
The financial statements of the charitable company, which is a public benefit entity under FRS 102,
have been prepared in accordan¢¢ with the Charities SORP (FRS 102) 'Accounting and Reporting by
Charities., Statement of Recommended Practic¢ applicable to charities prepaTing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS
102) (effective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard
applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements
have been prepared under the historical cost convention.
The charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are
initially recognised at historical cost or transaction value unless otherwise stated in the relevant
accounting pollcy note(s).
Income
All income is recognised in the Statement of Financial Activitie5 once the chariiy has entitlement to
the funds, It is probable that the income will be received and the amount can be measured r¢liably.
Donations are Tecognised when ihe 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
p¢rfonnance before the charity is entitled to the funds, the income is defeed and not recognised until
either those conditions are fully met, or the fulfilment of those condition is wholly within the control
of the charity and is probable that those conditions will be tulfilled in the reporting period.
Expeuditure and irreeover2ble vat
Liabilities are recognised as expenditure as soon as there is a legal OT constructive obligation
committing the charity to that expenditure, it is probable that a Iransfer of economic benefils will be
required in settlement and the amount of Ihe obligation can be measured reliably. Expenditure is
accounted for on an accruals basis and has been classified under headings that aggregate all cost
related to the category. Wher¢ costs cannot be directly attributed to particular headings they have
been allocat¢d to activities on a basis consistent with the use of resources.
Irrecoverable VAT is charged as cost against th¢ activity for which the expenditure was incurred.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its
estimated useful life.
Plant and machinery
250/0 on reducing balance
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated
impairnient losses. Historical cost includes expenditure that is directly attributable to bringing the
asset to the location and condition necessary for it to be capable of operating in the manner intended
by management
T¥xation
The charity 15 exempt from corporation t&x on its charitable tIvities.
Fund accoujjting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the
trustees.
Page 13
continued...
HACKNEY CARIBBEAN ELDERLY ORGANISATION
NOTES TO THE FINANCIAL sTATEmErs - eontinued
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES - conlinued
Fund accounting
Restricted funds can only be us¢d foT particular restricted purposes within the objects of the charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricled
purposes.
Further explanation of the nature and purpose of each fund is included in the notes lo the financial
statements.
Debtors
Basic financial assets, including trade and other debtors, are initially recogni5ed at transaction price,
unless the rangement constitutes a fjnancing transaction, where the transaction is measured at the
present value of thc future receipts discounted at a market rate of interest. Such assets are
subsequently caled at amortised cosr using the effective interest method, less any impairn]ent.
PensioD Costs and other post-retirement benefits
The charilable company operates a defined contribution pension scheme. Contributions payable to
the charitabl¢ company's pension scheme are charged to the Statement of Financial Activities in the
peri¢)d to which they relate.
Creditors
Basic financial liabilities. including trade and other creditors, loans from third parties and loans from
related parties, are initially recognised al transaction price, unless th¢ arrangement constilutes a
financing transaction. where the debt instrument is measured at the present value of the future
payments dis¢ounted at a rnarket rate of interest. Such instruments are subsequently carried at
amortised cost using the effeclive interest method, less any impainnent.
Going Concern
As with many charities, the charity is reliant on continued support from its funders.The company has
received additional fundings to enable it to continue lo provide its services.
The Irustees are confident of continued support from their funders. It is for this reason the accounts
have been prepared on a going concern basis.
DONATIONS
31J.24
31.3.23
Members Contribution
Donations
Grants
870
1.661
247,866
633
9,677
233,218
250J97
243,528
Page 14
continued...
HACI(NEY CARIBBEAN ELDERLY ORGANISATION
NOTES TO THE FINANCtAL STATEMENTS - continued
FOR THE YEAR ElED 31 MARCH 2024
DOIYATIONS- continued
Grants received, included in the above, are as follows:
31J.24
31.3.23
LB of Hackney
City Bridge Foundation
Xmas Club
London Catalyst
North East London NHS Foundation Trust
National Lottery Community Fund
The Charity of Sir Richard Whtttington
Postcode Society Trust
The Edward Gostling Foundation
Charles S French Charitable Trust
Grocers, Hall Charity
The Merchant Taylors, Foundation
The Ubele Initiative-majonzi Fund
The Co-op Community Fund
The London Foundation Management Group
The London Community Fund
Key51one Fund
LB Hackney - Arts Engagement for Demenlia
LB of Hackney - The Windrush 75th Anniversary
23,623
56Jl)O
9,396
38,543
6,640
500
29,701
79,834
33,000
25,000
10,000
3,000
2,500
4,000
500
29,701
70,071
35,640
1,026
1,500
5,500
9,909
3,000
2,000
247,866
233,218
OTHER CHARITABLE A1VITIEs
31.3.24
31,3.23
Fundraising events
38,098
23,554
INVESTMEIYT INCOME
31.3.24
31.3.23
Deposit account interest
4,530
841
Page 15
continued...
HACKNEY CARIBBKAN ELDERLY ORGANISATION
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2024
COSTS OF GENERATING INCOME
Ralsing don¥tions And legacies
31.3.24
31.3.23
Members Holidays Costs
Xmas Club Costs
Lunch Club Costs
TTansport Costs
Activities
Art & Craft
Exercise
9,604
7,500
20,619
9256
3,755
6,683
1,641
5,371
13,090
5,092
4,425
6,677
1,400
59,058
36,055
CHARITABLE ACTIVITIES COSTS
Support
costs {se¢
note 7)
Direct
Costs
Totals
Direct Costs
Support Costs
147,933
lJ85
147,933
78,451
77,066
149,318
77,066
226,384
SUPPORT COSTS
Governance
costs
Management Finance
Totals
Support Costs
52J)9
20,928
3,629
77,066
NET INCOMEI(EXPENDITURE)
Net income/{expendilure) is stated after chargingl(crediling):
31.3.24
31.3.23
Depreciation - owned assets
Independent Examiners Fees
1,385
2,500
1,329
2,500
Page 16
continued...
HAcIayEY CARIBBEAN ELDERLY ORGANISATION
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
TRUSTEES, REMUNERATION AND BENEFJTS
There were no trustees, remuneration OT Other benefits for the year ended 31 March 2024 nor for the
year ended 31 March 2023.
Trustee$, expenses
31,3.24
31.3.23
Trustees, expenses
34
10. KEY MANAGEMENT PERSONNEL
31.3.24
31.3.23
Wages and salaries
oiher pension costs
139,783
6,109
131,153
6,327
145,892
137,480
The average monthly number of employees during the year was as follows:
31.3.24
31.3.23
Engaged on charilable aclivities
Engaged on Management and Administration
10
No employees received emolumenls in excess of £60,000.
The Key Management Personnel comprises of the Board of Trustees and the Day Services Manager
whose annual gross remuneration was £37,502 in the year. (2023 - £32,484),
11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES 31 MARCH 2023
Unrestricted Restricted
Total
fund
fund
timds
INCOME FROM
Donations
38,323
205,205
243,528
Other Charitable activities
Investment incom¢
23,554
23,554
841
Total
62,718
205.205
267,923
EXPENDITURE ON
Costs of Generating Income
12,022
24,Q33
36,055
Page 17
continued...
HACKNEY CARIBBEAN ELDERLY ORGANISATION
NOTES TO THE FINANCIAL STATEMENfs - eontinued
FOR THE YEAR ENDED 31 MARCH 2024
11. COMPARATtVES FOR THE STATEMENT OF FINAIYCIAL AcfIviTIES 31 MARCH 2023
- continued
Unrestricted Restricted
fund
fund
Total
funds
Charitabje activities
Direct Costs
Support Costs
10,074
(4.422)
133,533
59,093
143,607
54,671
Total
17,674
216,659
234.333
NET INCOMEI(EXPENDITURE)
45,044
(11,454)
33,590
RECONCILIATION OF FUNDS
Tolal funds broughi forward
94,598
137,783
232,381
TOTAL FUNDS CARRIED
FORWARD
139,642
126,329
265,971
12. TANGIBLE FIXED ASSETS
Plant and
machincry
COST
At l April 2023
Additions
18,574
1,552
At 31 March 2024
20,126
DEPRECIATION
At l April 2023
Charge for year
14,586
1,385
At 31 March 2024
15,971
NET BOOK VALUE
Al 31 March 2024
4,155
At 31 March 2023
3,988
Page 18
continued...
HACKNEY CARIBBEAN ELDERLY ORGANISATION
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31J.24
31.3.23
Trade Creditors
4J76
4,155
14. RESTRICTED FUNDS
Analysts of Restrlcted Funds carried forward as at 31st March 2024
31.3.2024
31.3.2023
LB of Hackney -VCS ARTS
Postcode Society
East London NHS Foundation - BME Dementia Outreach
National Lottery Community Fund
The Charity of Sir Richard Whittington
Xmas Club
Edward Gostling
North East London CCG
LB of Hackney - Arts & Demenlia
City Bridge Trust
Keystone Funds
5.879
22,549
4,325
46,454
30,003
2,013
8,418
6,688
2,442
3,100
32,161
3.804
2,643
3,000
21,438
2,736
71,324
126,329
15. MOVEMENT IN FUNDS
Net
movement
in funds
At
3113124
At 114123
Unrejtrlcted funds
General fund
139,642
62,588
202,230
Restrlcted funds
Restricted
126J29
(55,005)
71,324
TOTAL FUIYDS
265,971
7,583
273,554
Page 19
continued...
HACKNEY CARIBBEAN ELDERLY ORGANISATION
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
15. MoVKmE IN FUNDS- continued
Net movem¢nt in funds. included in th¢ above are as follows:
Incoming Resources Movement
resources
expended
in funds
Unrestricted funds
General fund
89.717
{27,129)
62,588
Rejtrieted funds
R¢stricted
203J08
(258J13)
(55.005)
TOTAL FUNDS
293,025
(285.442)
7,583
Comparatives for movement in funds
Net
movement
in funds
At
3113123
At 114122
Unrestrleted funds
General fund
94,598
45,044
139,642
Restrficted tsnds
Restri¢ted
137,783
(11,454)
126,329
TOTAL FUNDS
232,381
33,590
265,971
Comparative net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources
expended
in funds
Unrestricted funds
General fund
62,718
(17,674)
45,044
Restricted funds
Restricted
205.205
(216,659)
(11,454)
TOTAL FUNDS
267,923
(234,333)
33.590
Page 20
continued...
HACKNEY CARIBBEAN ELDERLY ORGANISATION
NOTES TO THE FIIYANCIAL STATEMENTS - eonlinued
FOR THE YEAR ENDED 31 MARCH 2024
J6. RELATED PARTY DISCLOSURES
Th¢re were no r¢lated paty transactions for the year ended 31 March 2024.
Page 21