Company Registration Number: 03282796 Charity Registration Number: 1062470 HACKNEY MARSH PARTNERSHIP Trustees, Annual Report and Accounts 31 March 2021 JxW461' 2V12r2021 COMPANIES HOUSE #242 HACKNEY MARSH PARTNERSHIP Contents Page Charity infomiation Trustees. Annual Report Statement of directOfS' responslbilitles Independent Examinerfs Report Funds Statements.". Ststement of Financial Activities Statement of Financial Actiwties- Prior Year statement Balance Sheet 12 13 14 Cash Flow statement Not¢$ to th¢ a¢¢ounts 16-23 HACKNEY MARSH PARTNERSHIP Company Registration Number- 03282796 Trustees. Annual Report for the year ended 31 March 2021 The Trustees present thw"r ReFQrt and Accounts for Ihe ypar ended 31 March 2021. which atso c(￿prises the Direct￿5. Report required by Ihe Compan*s 2006. REFERENCE AND ADMINISTRATIVE DETAILS The charity name The legal name of the charity is.'- HACKNEY MARSH PARTNERSHIP The ¢harily is also known by its operating name. NIA The charity's area of operation and UK charitable rngistration The charity is registered in ErAJland & Waks with Ihe Chty Commiswn in Ergland & Waks (CCEWI wth charity numiw 1062470 The legal structure of the charity The governing document of the ch￿ty ts the MemorJrKlum and of Asw"ation establishing the company U￿er company legislation. The Govemir#J Ckjcufflent is daied 24 April 1997 By operation of law all trustees are direclors uNJer Ihe Compan*s Act 2¢X16 and all dirèct(xs are trustees under Charrties legislation and have responsibtlrtbe5. as such. under both company and charity legislation. The trustees are all indNidu The principal operating address: Kingsmead Kabin 8-9 Kingsfflead Way London E9 5GQ VM.hmp.org.uk The wistered office of tharityfor C(Mnpanies Act kxJfkX)ses is tho same as the operating address shown above The Trustees In the office on the date the report was approved were: MrG R Evans Ms S R Patrick MrTJPeiry Ms S Ejiri Ms Hulith Clarke The trustees who served as a trustee in the reporting peric#J were as shown above. and there were no changes during the year. or in the pericé betsveen ihe year*nd and the approval of Ihe accounts. All Ihe trustees are also the rn￿nberS ofthe HACKNEY MARSH PARTNERSHIP Company Registration Number- 03282796 Trustees, Annual Report for the year ended 31 March 2021 OBJECTS AND ACTIVITIES The purposes ol the clwrity as set ouf in Its goveming document. The chantys objects. as laKI down in ils Memorandum and Artides of ASs￿'allOn are." o To develop an uThlerstandiThJ ol the conln"butw)n of ￿10-eConomi¢ inequality, within and between societies, to poor heath and to forms of social aTrJ economic dysfunction (the 'prI￿1paI objed'}.' To publish material ￿lating to the prinapal object.. To commission research relating to the principal ci)je¢t: o To p￿mOts and ¢ampaign lor g￿al￿r understsnding and a¢¢eptsnce of the e￿der￿e relating io the winapal obiect.. To provide educational and 3dv4$0ry serv￿5 to all and any Org￿lSa￿ons, groups and indi¥iduaSs interested in und8rstanding th8 ewdence relating to the principle object.. The main activities are undertaken in relation to those purposes durlng the year. The st8rt of the final￿la1 year c(ynaded with the beginning of Cowd-19 pandemic. which initially presented many challenges for the work. we do. Our youth wort continued in both Youlh klubs. From April 20 unts"l June 20, this work Wd5 Gamed out remotely via telephone or video links. One of the challenges faced was the fact that rnany of the children and young peop￿ we work with did not have home access to digital equipment. We addressed this via Crowd funding raising £280￿. which was usèd to bJy and distribute tablet*a￿ laptops to f8milie5 in need. This initiatwe was'also helkxd 9reatly by Bamardo's. Wh￿(k)nate￿ supply during the pandemic. Up unlil March 21 over 36000 h)t meals were delivered throughoul the cornrnunity as w8118s over 15000 bags of grcceries. The ¢harity withdrew from general food delivery al the end of March 21 but pleasingly a rA)mmunty shop ￿nts"nues prwdiNJ gro¢eri8$ lo t1￿)$8 in most need at a vastly discounted price. The differen¢e made lo the benoficiaiies and wider society The charity operates in one of the 5% most de￿ved areas in Hackney aTrJ in the top 10% of the rnost deprived areas in Ihe United Kirydom. The youth work we deliver has laken on greater Im￿rtanCe in light ot the pandemic in that we are lo¢use(I going forwarf in ensuring children and yourvJ [￿pIe have access to addl￿nal Igaming as they catth up on educats.on Iosi during bckdtyyn. We are working closety vmh extemal agenues to ensure the mental heajth ol children and young people is proleded. HACKNEY MARSH PARTNERSHIP Company Registration Number- 03282796 Trustees. Annual Report for the year ended 31 March 2021 Our food distributi￿ was of obvious he¥) to the (x*nrnunty at large bLrt particularfy with low incom8 lamilt8s. We aim lo conbnue community support *ith a befnendirvj s¢rvi¢e for elderfy or vulnerable as well as additi.onal advKe service offering advice around debt. housing and in this post brexit era irnrnigs3tion. The Kings Park Moving T¢yJether proje(# is to enable the community to get activ&fit. As this 8nters its 3rd y8ar the project is at a pwotal stage aThJ in the next ye81 we hope to see irnprovements rK)t only in people aGtNity levets but Phys￿81 improvements in Ihe environment in the Kings Pafk Ward. How the achievements during the year nwsure up ¢0 the objectlves sel. At the onset of the pandemic objectsveslway of workiry had to be adjust￿ rad￿lly. Tho ¢hanty sponded to the needs of the (￿mUnIty quickly setting up partnerships and raising funds to provide cornmunity suppc¥t around not only food tr￿t ensuring vulnerable people and lamili&s receNed support as nee¢3ed. The ¢harity eithgi sets or 1$ ¢ontractsd to deliver spwfic outr£￿TreS on ovr nNmal delNery. Youth oulcorne51otJtputs in line %wth the previous year and once again outperformed expectations outperfcrfming contractual Lifgets by an average of 3 10 1. This was despite restrictions imposad by the Ong￿ng pandemic. The adwce Sery1￿ c(¥)linued and was done remolely athievir¥J all targets in lir￿ wilh the contract. STRUCTURE, GOVERNANCE AND MANAGEMENT The methods used to recrult and appolnt new charlty trnst•es. Trustees are appjinted to the Mwagement Crynmitiee at AGM according to the temis of the cornpanls Memorandym and Artle$ of A$s￿lab"On whKh allow tr. al Not more than individual and g￿P member5 to be e*ted at the AGM bl The team reclor ol the Parish of Hackney Marsh rf helshe is wlling to SeN8. or ols• another licènsèd dwgy mèmbèr of the parish. ¢1 A ¢hurthwar(Jen ¢y depirty thurthwarden of the parish. elected by and frorn th8 thurthwarden5. dl One representatNe from e￿h ol these projects is currenuy being wn by the ￿mpanY. The management C￿nmit￿ can co-opt add¢l￿nal members. subject to a maximum of S in any one year. Such rnembers will then hokd office untl the next AGM at they will be eligible for ro*leCti￿. The charltys organlsauonalstructure The charity is organised 50 that the trustees meet regularly to manage its affairs. The Chief Executive of Hackney Marsh Partn8rship rnanages the day to day administration ol the charity. The ¢urrent staff roks below ¢afry wt day to day acbvibes Ch￿1 Exeojlive off￿￿r Accountant (Volunteer) HACKNEY MARSH PARTNERSHIP Company Registralion Number- 03282796 Trustees. Annual Report for the year ended 31 Mar¢h 2021 Youth Programme Manager Centre Managers 1x21 Youth Workers 1x141 Office and Facilities Manager (Part Tirnel Facilities Staff (Cleaners, SecJJrity, ca￿takerSMx3) Comrnunity Engagement (Part Time x21 Advisor (Part Timel How th• charity makes decisions and how de¢ision$ ar• d•lega¢od. Day to day operatKJnal and financial decl$K￿$ are made by th8 CEO. The CEO receives support from the Board of Truslees. Trustees meet wtth the CEO every 6 w88ks. Tnjstees work ￿th the CEO to agree foTh¥ard medium and lorKJ-term strategies. CEO and Alanag•nent Team Seni¢x management wsthin the chaiyty ￿nsist of W 8urges$ CEO 8nd Joy¢len Brodi Mends the Youth Programme Manager. Setting pay and remuneration of key managementpersonn Key Management Personnel ¢x)mprised of the Trustees. the Chief Executive off￿r and Youth Prograrnme Manager. Trustees are not remunèrated in their capaaty as a Trustee. The remunerat#￿ of the staff i8 datemiined by the Tntsleès annualty and nonnally increased in accordance vnth average eamings. C(￿derIng sector parameters and benchmarks an funding available. Hacknèy Marsh Partnwsfmp pays a minwnLm ol the L￿don LNing Wage. HACKNEY MARSH PARTNERSHIP Company Rtrgistration Number- 03282796 Trustees, Annual Report for the year ended 31 March 2021 FINANCIAL REVIEW The charlty 5 financialposition at the end of the year ended 31 MarGh 2021 The financial positK)n of the tharity at 31 March 2021 and cornparative$ for thg pnor por￿. as MO￿ fully detaI￿d in the accounls. can be summarised as fdlows:. FINANCIAL REVIEW 2021 2020 Net Incomel{Expenditure) 65,040 26,230 Unrestricled Revenue funds available for the general purFrf)se of charity 140,222 75,182 Restricted Revenue fund Totsl Funds 140,222 75,182 Fin•n¢ial review of the posllion at the reportin9 date. 31 March 2021 The Statemeni of Financial AciNrties shows nel outgoing resources for Ihe year of a revènu8 nature of £ 65.040 (prior year surplus ol £ 26.230).T￿ total reserves at th8 year*nd sland at £ 140,222, (prior year £75,182). Free unreslricted liquid reserve5 amounled to £ 137.796 Iprh)r year £ 71,5491. Th& trLtste$s consider the financial perfoThnance by the charity during the year to have been satisfactory. Policies on reserves Thg trustees appfeciate the need for strong reserve funds bul recojnise the difficuttEs of athiewng this in the ujrrent furKJing environment. parliculady in the lighl of th8 modular approach to projed WQfk and the fact that most funding is resln"cted. The Trustees have managed lo create reserve fund based on three months. fundir¥J ol operating costs Inte￿ to ¢onlinue to maintain a similar reserve in Ihe fvtU￿. The t¥)ard ol trustees is Sati5fEd that the ch*tys assets in ea¢h fvnd a￿ availaU8 and adèquate lo fuffil its obligal￿nS in of each fund. HACKNEY MARSH PARTNERSHIP Company Registration Number- 03282796 Trustees. Annual Report for the year ended 31 March 2021 Risks and uncertainlies facing the charity The ¢harity has b88n advised by the Londcffi Borough of Hath￿y's youth services that the currenl Lx•ntract wll continue unb"l March 2022_ Discuswons wrth London 8orLxJgh of Hackney are ongoing garding the continuatK•n of thè Youth Service Delivéry. Whilst delwèry has beèn successful and thg working relationship with Hackney Youlh Services is established and strong the charity reco9nises the risk. Kings Park Moving Togelh6r project finar￿11 by Srrfjrt Ervjand èxtended their Contr￿ until O¢tobor23. This wll albw the Charity to develop further work w) an effort to expand its Servi￿ the offer to cal people liwng Fn the communities in %thich we operate. Principal funding sources The ¢hariWs youth wk 1$ fvnded through the L¢rf￿n Borough of H￿kne￿$ Youih Services. Iyoung Hackneyl A further adwcè surgory is luThJe(J by Ctapkni Pa￿ Tenants Management Organisat￿n added to funding received via Hackney Adv¢ce Nelwork and the London Borough ol HarJ¢w. Sport EThJland wilh the Loltery luThJ the lQrwJs Park Moving Together project Funding for Coronavirus rdated acbvty was fLsnded via rnany pots of mO￿Y induding the Martin Lewis Fund and primarily the East London Community FuThJ whth encapsulated various funding streams rnaking streamlining funding applicab.ons and ensuring speedy disthbution of funds. thus ensuring h•lp ¢ould be delivered quickly and effiC￿ntlY to families in need. PLANS FOR THE FUTURE Summary off plans for the future and the Irustees'perspective of the future direction of the charity "rhe ¢hority. like many in the voluntsry sector has suffu8d sNJnifi¢ant ojts to funding. In these times ol auslerity Ihis had had a knock-on effect resulting in even rnore r(Mnpotiti"on for available lundiThJ pots. The charity has mitigated as much as possib￿ but the irnpact on finances ha5 been negalwe. Continual consurtatM)n has shown the need for Ihese seThices in Or￿ of the most deprived areas in London It￿ 5%) and ihe ￿untry in general. (Top 10%1 The charity will continue to d8livw y￿th and Contin￿ to seèk Wdys of expanding the offer to young people in the borough. HACKNEY MARSH PARTNERSHIP Company Registration Number- 03282796 Trustees, Annual Report for the year ended 31 March 2021 STATEMENT OF THE DIRECTORS TRUSTEES'S RESPONSIBILITIES The charitys trustees are responsible for the preparation of the accounts in accordancè with the terms ol the Companies Act 2006. the Charities Act 2011 and Ihe CharitEs (Accounts and Reports) Regtjlations 2008. No￿lthstanding the explicrt requirement in the extant statutory ulations, the Charities (Accounts and Reportsl Regulat*)ns 2008. to prepare the financial $taternents in accordance wth the SORP 2005. in view of the fact that the SORP 2005 has been withdrawn, Ihe Trustees detem)ined to interpret this responsibilrty as requiring them to follow current best pract￿ and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Pra¢ts"ce lor AccfxJnb"ng and Repoth"n9 by Charities) 2015 las amended by the BuIl￿1n issu¥d in Febmary 2016). In parts"cul8r, the Companiès Act 2006 and charity wuire the Board of Trustèès to prèpare finanoal statements for eath finanaal year t*hich give a true and fair view of Ihe state of affaifs of the charity as at the end ol the finanoal yE8r and of Ihe surplu5 or defK>t of the charity. In preparirvJ Ihose fiAanual slatsments the 8oard 1$ requ*ed to'.- To prepare the accounts ￿ acCOrdar￿ 7Mth Unrtèd KiNJdom Generally Accèpted Ac(x)unting Practi￿ Iunrted Kingdom AccLJuntiThJ Standards and applicable law). select suitable accountiThJ Oicies and apply them consistenuy.. make judgements and estimates that are reasonable and PTudent- ¢ prepare th• finanaal statemenis on the going c(￿ceM basis unl•ss it is inappropriate to presume that the chartty ￿11 continue ￿ trtJ5ine$5- state whether applTrcabJe accounling standards and statements of recommended pract have been fdlowed, subject lo any material departures disdosed and explained in the financK81 statements.. The law requifes that Ihe trustees must approve the accounts unlass th8y are satisfied that they giva a true and fair view of ihe state of affairs of the charity and of the surplus or defiot of the charity for the year. The Trustee5 are also responsible fw rnainlaining adequate a¢¢ounts"ng records whKh disclose th ￿asonable accuracy at any time the fmancial of the charity and whth are sufficient to show and explain the charilys transact*)ns and enable them lo ensure that the linancial statements comply the Companies Act 2006 and ￿YnplY wilh regulations made under the Charities Act. Thèy arè also reSponsi￿e Icw safegua￿Ing the assets of thè chanty and her￿ for taking reasonable steps the preVent￿n and deteCt￿n of fraud and other irregtslaritss. Thè Trustees are aLso responsible lor the ccffitents ol the Trustees. report. and the statutory responsibility of the Independeni Examiner in relabtin to the Trustees. ￿ptsrt is limited to examining the rgport arKI 8nsuring that. on the face of the rèwt. there are no material inconsister￿S with the figures disdosed in the rLr￿￿a1 statements. ethod of pr•p•r•tion of •¢¢ounts- Small Company provlslons The finanaal statemenls we sel out on pages 12 to 24. The financial statements have been prepared lo Unp￿rneAt the FRS 102 SORP (Statement of Recornmen¢Jed Practice f(x Aixounting and Repc¥b"n9 by Charit￿$) 2015 las amended by the Bullètin issued in February 20191 and in accordance wrth the Financial Reporting Standard 102, leffe¢ti¥e 1st January 20161 HACKNEY MARSH PARTNERSHIP Company Registration Number- 03282796 Trustees. Annual Report for the year ended 31 March 2021 These financial statements have been prepa￿1 in aco)rdarKe the provish)n5 in Part 15 of the Companies Act 2006 to comparies subject to the small comp8niès' regime. This rep)rt wa5 approved by the tx)ard of Irustees on 6° Dec*mber 21r21. £K ro ¢tknJ(. Ms Sharon Patrlck Chair and Trustee 10 HACKNEY MARSH PARTNERSHIP Report of the Independent Examiner to the Trustees of the charitable company on the accounts for the year ended 31 March 2021 I report to the Charity Trustees on my examinatKffi of the accounts of the Charity lor the year ended 31 hAar¢h 2021. This rep(w¢ is made solely to the Charitls Trustees. as a body. in accordance wth Part 4 of the Charities IAccounts and Reports} Regulab"ons 2CKJ8. My work has been undertaken $0 that I might state to the Charitys Trustees those matter5 1 am required to slate to th8m in an Independ8nt exarninefs report and lor no other purpose. To the fullesl extent pennitted by law. I do not accept or assum8 r8sponsibility to anyone other than the Chanty and the Chartys Trustees as a body, for my work or fty this ￿r#￿t. RESPONSIBILITIES AND BASIS OF REPORT As the Trustees ol the Charrty18nd ts diredows for th8 pufpDses of company lawl. you are responsible for the prepardtsorb of the 8cc(xJnts in aw￿da￿ wslh the rOqUbremonls ol the Companies Acl 2006 Cthe 2006 Acr}. Having satisfièd myseff that the accounts ol the Charity are not required to be audited under Part 16 of the 2006 Act and a￿ eligib* for independent examinats"on. l report in ￿Spect of my examinatK)n of Charity's accounts carried out under sect¢on 145 of the Charitye5 Acl 20111lhe 2011 Act'l. In rrying Out my examination I have fOlknV￿d the directi(ms gNen by the Charity Commtssion under 8eth.on 14515)Ibl of the 2011 Ad. INDEPENDENT EXAMINER'S STATEMEpir I have completed my ex8rnin3liM. I can c))nfimi that no matters have'¢ome to my attents.on in connection with the examinatson giving me cause to bel¢e¥e.' accountithj'records wore not kept infespeci of Ihe Charity as required by section 386 of the 2006 Act", or lh¥ a¢¢￿At$ do r￿)t with those records: LY the 8¢c¢wnts do not cDmpty ￿1h the a¢¢ounting requir$ments of sèdion 396 of thè 2006 A¢t other Ihan any requirement that the accounts give a'true and fairf view vknich is nol a matter considered as part of an independent examination.. or The a¢¢ounts have not been pl￿ar8d in attordaft￿ wth the mèthcmys and prinuplès ofthe Statement of Recommended Praclice for accounting and reporting by charities applicable to ¢harities preparing Ih¢ir ac¢ounts in accordance wtth Financ￿1 Rèporting StaThJ¥d applKable in Ihg UK and Reputyl￿ of Irelan¢J IFRS 1021. I have no concerns arKI have come ac¥055 no other maltW5 in ￿lnectiOn WTth the examination to which attentKJn should be drawn in this rewt in c¥der to enable a proper understanding of the counts to be wGhed. Lutli Bin Salim Bin Talib- Indepe￿Ient Exarniner Wglbw* and 8radwell 4244 Bishopsgate London EC2N 4AH This reFxXI was wgned on 16 De¢ember2021 11 HACKNEY MARSH PARTNERSHIP Statement of Financial Actlvlties for Ihe year ended 31 March 2021 Unrestrictsd Restricted Totsl Funds Total Funds Funds Funds 2021 2020 lrteoming resources: Donations and legacies Charitable activities Other income {2.904} 527.213 22.716 1.876 303 524,309 24,592 S97 405,252 109,764 1,874 Totsl In¢ome 20.115 529.383 549A98 516.890 Expendlture: Charitable activities 108.467 375.991 484.458 4￿.660 Total Expend5ture 108.467 375,991 484,458 490,660 Net •ncomel{exwnditurel for th• year. (88.352) 153.392 . 65.040 26.230 Transfer befvfftn funds 11 153.392 (153.3921 Net Movemènt in Funds 65.040 65.040 26.230 Reconciliation ol funds: Funds brought forward 75.182 75.182 48.952 Funds ¢arrl•d fonv•rd 140.222 140.222 75.182 A separate Ststement of Tclal Recognised Gains and Losses is not required as this statement indude5 all re¢ogni5ed gains and losses_ All activrties derive from conkn"nuing operatm￿S The no1•5 •lts¢hed on pages 13 to 24 form an Sntegral part of these accounts. 12 HACKNEY MARSH PARTNERSHIP Statement of Flnancial ktivities for the year ended 31 Mar¢h 2021 Analysls of prior year total fvnd.. unl￿1r1¢ted Re5trided Total Ful￿$ Total Funds Funds Funds 2020 2019 Incomlng Trsourcts: Donab'ons and lega¢ies Chantable acb"vitigs Other income 2.200 61.937 403.052 47.827 1.031 405.252 109,764 1.874 408.023 182.554 1.580 Total Income 64.980 451.910 516,890 592,157 Expenditure-. Charitable a¢tivbt*$ 112,860 377.8C(J 4￿,660 614.099 Totsl Expenditure 112.860 377.800 490.660 614.099 Net incomel{expenditurel for the year. (47.8801 74.110 26,230 121.9421 Transfer bets¥een funds 74.110 (74.1101 Net Movement in Funds 26.230 26.230 121.942) Reconciliation of funds.. Funds brought f0ry4fafd 48.952 48.952 70.894 Funds carried forward 75.182 75.182 48,952 13 HACKNEY MARSH PARTNERSHIP Company N¢: 03282796 Balance Sheet as at 31 March 2021 2021 2020 Notes FIXED ASSETS Tangible lixed assets 2,426 3.633 2.426 3.633 CURRENT ASSETS Stock Debtors Cash al bank and in hand 19.424 219.060 238.484 17.025 99.336 116,361 CREDITORS.. amounts falling due within one year 10 (100.6881 144,8121 MET CURRENT ASSETS 137.7 71.549 MET ASSETS TOTALS 140,222 75.182 THE FUNDS OF THE CHARITY Restricted funds unreStr￿ted funds 12 12 140,222 75.182 140,222 75.182 The directors are satisfied that the company is enfitled to exemplion from the ￿Ul1$ment to obtsin an audit under section 477 of the Companies Acl 2006. The members have not required the ￿￿npanY to obtsin an audrt ￿ aCc(xdan￿ vrith so¢lion 476 of thg The directors acknowledge thwr responsibilities for COM￿￿￿n9 with the requirements ofihe Comp3ni$s Act 2006 respect to ac￿nt￿g records and the prepaTatK*n of axwnts. The charty is subj8Ct to Independent Examinatm under tharity legislation. and the report of the Independent Examiner is on page 11. The finanaal statements have been prepared in accordar￿e vAth the provisions in Part 15 of the Companies Ad 2006 applicable to companies subJ"e¢t to the $mall compan*s' wime. Approved by the board of tnjstees 6° December 2021 Ms Sharon Patrick Chair and Trustee sh rèr) F4hiJ(. Th• notes atts¢hed on ￿ge5 13 to 24 forn) an Integral part of these accounts. 14 HACKNEY MARSH PARTNERSHIP Cash flow Statement for the year ended 31 March 2021 2021 2020 Cash flow from operatsng activtties Net cash provided by operatin9 ￿tIvI11&s 119.724 14.742 Cash flow from investirvJ activities Investment income Purchase of fixed assets Net cash provhled by investing adivities Change in ¢ash arthj cash equivalents in the year 119.724 14.742 Cash and cash equivalents at 1 April 2020 99.336 84,594 Cash and ¢ash •quival•nts at 31 March 2021 219.060 99.336 Notes to the cash flow statement A- reconciliation of net movement in fund$ to net cash flow from operating activities 2021 2020 Net in¢omellexpenditUfel for the year (before investment gains & losses) 08prèciation ¢har9e Decrea5ellincreasel ￿ debt￿$ (Oecreaseyincrease in creditors 65.040 26.230 1.207 (2,3991 55,876 1,207 14,804 127,4991 Net cash provided by operating activib'es 119.724 14.742 B - Analysis of cash arKI cash equNalents Cash at bank and in hand 219.060 99,336 Total cash and cash equivalents 219,060 99,336 15 HACKNEY MARSH PARTNERSHIP Notes to th& Accounts for the year ended 31 March 2021 1 Accounting policies 8asi$ of preparation and accounllng conv•ntion The accounts have bèen prepared on the accruals basis. under the hislorical cost Convent￿n, and in accordance with the Financial R8porting Standard 102,18ffective 1st January 20161 arKI'FRS 102 SORP (Statement ol Recommended Practice for Aco)unting and ReFOrting by ChaTltiesl 2015 13$ amended by the 8Ltlletin rssued in FebnJary 2016) PLrblished by the Charity Commission in England & Wales ICCEWI ,effedivè January 2016, (The SORPI, and in accordance with all applicable law in the charity's jurisdictyon of registrats"on, eycept th8t thè tharity has prepa￿￿ the financial statements in accordance with Ihe FRS 102 SORP Isfaterneni of Recommended Pradice for Accounling and Rewling by Charities) 2015 la5 amended by the Bulletin issued in February 2016} in preference to the previous SORP, the SORP 2005. %thich has been wthdrawn, nofv4ithstanding the facl that the etsnt stattjtory regulation5, the charib.es (Accounts and Re￿rIs) RegulatN)ns 2008 refer explicitly to the SORP 2005. This has been done to ac(xyd with current best pra¢ti¢•. Going Con¢em The chantsble activrt￿s afg entirely dependent on continuing grant aid and voluntary donations as well as Irading revenues. Conseqvently. the goiThJ concem basis is dependent on the future flow of these un¢ertain funding streams. Accordingly. the Trustees have obtained forecasts and. alter reviewng the financpl lor¢cast5 for fvture periods to 31 Mar¢h 2018, the Trustees are satisfi8d that, at the time of approving the fInar￿la1 statements. il is apprcyiate to adopt the going cgnrem asis in preparing the financial statements. Other than Ihese matters. the TIu5tee$ are not awa￿ of any maleiial urKertainties about the charivs ability to continue as a going concern. Income rn¢¢gnit5on Income, whether from eXrt￿nge or noTrexthary tranS8￿￿nS. is recc¥Jnised in the statement of financial activities ISOFAI on a receivable basis. when a transaciion or other event resutts in an increase in the charily's assets or a rÈduUion in its liabililies and only when the charily has Wal entitlement, the income is probat)le and can be rnea5ured reliably. In¢ome subject tts temis and ¢onditions whith must be met before the charity is entimed to the re50urce5 15 not reccsni5ed unlil the U)ndib.￿S have been mel. All income is accounted for wiss. before deducting any related fees fx costs. A¢¢ountin9 for d*f•rr•d In¢omÈ and Sbi¢omÈ rée•lved in advance Where lems and C(%￿rtiOnS relabng to incorne have not been met or uncertainty exists as to whelher Ihe charity can meet any tefms or Condi￿n5 otherwise wrthin its control, inu)me is not cognis8d but is deferred as a liabdity until it is proba￿$ Ihal the tenns or conditions imposed can be rnet. R8cognltlon of Ilabllltles and •xp•ndtture A liability, and the related expendrture. is recogntsed Wh￿ a legal or constructive oblKJation exists as a resur( of a past event, and when it is more likety than not that a transfer of e￿￿mI¢ benefils will be required in settlernent. and when the amouni of the oblgab"(th (an be rneasurad w reliably eslimated.. Liabilities *ising from fvlure fundiro o)mmilments and constru¢tNe oblyations. induding perfomiance related grants, the timing or the amount of the futu￿ expendilure required to s8ttJe the obligatson are un(*rtain, 9ive rise to a prowsion in the accounts. which is reviewed at the accounb.ng year end. The provisM)n is increased to ￿llect any bn(￿as*S in liabilitiès, and is decreased by the utslisation ol any prowsKm within the period. and reversed rf any pfovision is no 16 HACKNEY MARSH PARTNERSHIP Notes to the Accounts for the year ended 31 March 2021 longer required. These movements are charyed or ￿edrted to the respeth've funds activities to which the prOVi￿On relates. Allocating costs to activitieg Direct Costs that are specificalty rdaled to an adivity are allcrtated lo that activily. Shared direct costs and support costs are apporboned befv￿en actiwties. Volunl¢ers In accordancè wrth the SORP, 8nd in rècognition of the drfr￿Ulkne$ in plaryng a monetsry value on the ¢onlribulK)n from volunleers, the Contn'bulJ￿ of volunteer5 is not irKluded within Ihe income of the Charity. How$￿r. the trustees value the sKJnrfwt ¢ontn"P￿t￿ made to the acliwties of the charity by unpa*J volunteers. T•nglbltr fixed a$s•ts Tangibb fixed assets are moasure11 at their orYJinal cosl value. or subsequent revaluath)n, or rf donated. as described ats)ve. Cost value indudes am costs expanded in bringing tho asset into rts intended working Condition. Depreciation has been provbjed at the tollowng rates in ord8r to write off Ihe assets to their anticipated residual value of estimated useful lives. Land 8 buiklings 2% stravJN I￿e Fumiture & fixtures 20% slraKJhl line Office equipment 33% straight line Debtors Debtors are M&￿red at their recoverab￿ arn￿nts at the bajance sh￿t date. Cr•ditor$ and pr¢vi$ions All known liabilities al Ihe end of the financial year we i￿VdelI. Financial in5tnJments including cash and bank balances Cash held by the charity is included at the amount actually held and counted at the year end. Bank baLanc&s. whèlher in Credit or ov8rdrawn. arn shovm at Ihe amounts properfy re¢on(il$d to the bank stslem¥nts. Pensions . defined contribution schemes The company operates a defined contribution pension scheme. contribUt￿lnS are charged to the profit and loss accounl as they become pardble in accordance wth the rulès of the sch8mè. 2 Liability to tsxatlon The Trustees constder that lh• chaiity satsfies the tests set out in Paratyaph 1 Sch•dult 6 01 the F￿ance Act 2010 lor UK ¢orwJratson tsx purposes. A¢¢ordingly, the Charity is potenti3lly exempl from tsxation in respett of incorne or capilal gains r￿1Ved wthin categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extenl Èhat such Inc￿￿? or gains are applièd èxdusivgly on the specific charitable objects of th6 charily and for no other pufrx)se. Valuè Added Tax is r)ol ￿Coverable by the charity, arKI is therefcKe irK4uded in the rekvant Costs in the Statement of Financial Activitses. 17 HACKNEY MARSH PARTNERSHIP Notes to the A¢¢ounts for the year ended 31 Mar¢h 2021 3 Wlnding up or dissolution ofthe ¢harity If upon wnding up dissolution of Ihe chanty there remain any assets. after the satisfaclion of all debts and liabilities, th8 assets represented by the acoJmufate(1 fund shall be transferred to sorne other charrtable btyjy or bodies hwng similar objects to the tharity. 4 Donation and Legacies Unrestricte Restrithd Total Funds Total Funds d Funds Funds 2021 2020 Donation and grfl from IndNKlua15 1.103 14.997 16,1Crf) 2.200 Grants from Govt Public bc*Jies . London Borough ofHackney 364.273 364.273 364.630 Grants and Ljonatson from Non-public bodiès - Soc￿lAC110n Heatth . Groundwork - Sport England - Cilizens Advice BU￿aU Hackney - Clampton Part( - Other Donors 13.515 22.950 22,950 13.750 7,952 2.141 14.0071 58.327 54.320 ToLIl Don•tlon and Legac4 2.904 527.213 524.309 405,252 S Charitable activilles - trading Unrestricte Restricted Total Funds Total Funds d Funds Funds 2021 2020 Sales- Communty hall hire Irbcorne- Lett￿g Office 8.177 14.539 1.876 10.053 14.539 91.774 17.99) 22.716 1.876 24,592 109,764 18 HACKNEY MARSH PARTNERSHIP Notes to the k¢ounts for the year ended 31 March 2021 6 Charftable actlvities expendltur* Vnrestri¢ted Restri¢ted Totsl Funds Totsl Funds Funds Funds 2021 2020 6a Olrect Costs Gross Salary and wage$ Employers Nl Contributw)n 08fin8d conlTibuiM)n pension costs Youth Activities Events 77.174 14.4251 17951 69 224.883 18.536 4,663 75.702 302.057 14.111 314.125 16.218 75.771 34,938 31 72.023 100 323.784 200 395.807 300 369.960 1.030 6b Charltable acttvlttes- Trading 6c Support Costs Rates and water Charges Light heat and Power CleaniThJ and Waste Management Premises repair and seujrity Property Insurance Admlnistrative 0￿rhead 3.952 2,227 2.412 4.106 2,817 25.388 10.937 2.164 3.855 29.340 13.164 4,576 7.961 2,817 41,845 18.888 4.947 11.923 3,117 Training. weware and recruilment Travel and sub5lsler￿e- Stsff 1.422 529 103 103 VOIL￿teerS Expenses Telephone. fax and internet Stationary, printing and poslaye Subscription to periodicaLs Accounting and BookkeepirKJ Other Admintstrative expenses Bad debt 216 4.367 2.987 3,712 600 3,303 1.280 2.630 420 1.929 1.147 5.232 2.427 2.630 420 10.614 13.478 12,835 4.858 3,834 570 Consultancy fee Bank charges Depreoation 1.535 1.535 367 367 1.207 52.007 1.207 86.238 1.207 117,857 34.231 6d Gov¢rnan¢¢ ¢ost Independent Exarninws fee Legal fee 2.100 13 2,100 13 1.800 13 2.113 108.467 2.113 484,458 1,813 490,660 Total CharftalAe expense5 375.991 19 HACKNEY MARSH PARTNERSHIP Notes to the kcounts for the year ended 31 March 2021 7 STAFF COSTS AND TRUSTEES 2021 2020 Salaries PensK)n costs Socol security Re¢Jundancy 302.056 14.111 3,868 298,470 16,218 4,648 15.860 320,035 335,196 No. The average number of full lirne employees durirwJ the year was". Charitable Governance 12 10 14 Neither the trustees ncK any persons connecled with thern have received any remuneration from the charity or any related entrty. eilher in the current or pmr year. No ern￿oYeeS re￿1ve0 emokjments (excluding pension coslsl in excess of £60.C(rf) per annum. The chaflty operates a defined contribution pension scheme wth NEsf. the costs of which a￿ shown above. Any liabilrties and assets associated with the scheme are shovm undÈr debtots and c￿dItorS 8 TANGIBLE FIXED ASSETS LaDd and Fumitufft and Offi¢e Buildings Flxlures Equipments Total Cosl Al 1 April 2020 Additions 400.762 29.922 11S.059 545,743 At 31 March 2021 400.762 29.922 115.059 545,743 D¢pr¢eiation At 1 April 2020 Provided during year 397.161 1.207 29.89) 115.059 542,110 1,207 At 31 Mareh 2021 .368 29.890 115.059 543,317 M•t book value At 31 March 2021 2.394 32 2,426 At 31 March 2020 3.601 3,633 20 HACKNEY MARSH PARTNERSHIP Notes to the Accounts for the year ended 31 March 2021 DEBTORS 2021 2020 Trade debtors Prepaymenls and acuued income Other Debtors Accrued Income" 6.019 12.865 13,628 540 19.424 17.025 10 CREDITORS: amounts f•llin9 due within one yew 2021 Accrual for Grants Pardble Accrued expenses Deferred Income 11,823 21,505 51,933 4,974 10,453 9,923 13,661 14,815 4,240 2,173 PAYE, NI, VAT and other Taxes Other Creditors 100.688 44.812 11 ANALYSIS OF FUNDS Al 31 Mar 21)20 Funds trnn$fer At31 Income Expendlture 2021 R•stri¢ted Funds Youth Prcoramme -concorde Advice Programme Cornmunity develop sm Er*￿￿ Reslricled - Olher5 366.443 22.950 66,666 73.324 {253.103} 1113.3401 121.400) 11,5501 133.473) 133.1931 168.015) 15.3091 Total Restricted funds 529.383 {375,991} 1153.3921 Unrestricted Fund 75,182 20.115 (108,4671 153.392 140.222 Total lunds 75.182 549.498 (484.4581 0 140.222 21 HACKNEY MARSH PARTNERSHIP Notes to the Accounts for Ihe year ended 31 IAarch 2021 Prior year fund Movement At 31 Mar 2019 Income Expenditur• Funds At31 Mar tr•n$fer 2020 Restricted Funds Youth Pwramme-concorde Advice Programme Community developrnenl Restricted- OtheT5 383.548 22.764 45.598 1320.9161 162.632} 120.8521 11.9121 136.0321 19.5661 Total RestrKted funds 451,910 (377.800) 174.1101 UnrestTifted Fund 48.952 1112.8601 74.110 75.182 Totsl funds 48.952 516.890 1490,6601 7S,182 Fund descriptions Youth Programme.. Comrnisson from LoThJon Bcfouth ￿ haCkr￿ YoLrth Services to deliver youth work through iwo youth hubs wrthin the borough. Advice Programme.. Fundeil via the Hackney A(fv￿e NefvKJrk IL8H) Community Dev&k)pment." FuNling via Sport England for lfjngs Park Movirvj Together projèct. . London Borough of Hackney fiJnd Emèrgency Food and comfflunity work in North West Hackney 12 ANALYSIS OF ASSETS BY FUNDS UnTestrfded Gener•1 Restricted 2021 Total Fixed assets Current assets Current liabilitses 2,426 238.484 11LY).6881 2,42G 238.484 0 1100,6881 Net assets 2021 140.222 140.222 Prior Year Assets by fund General R•stricted 2020 Total Fixed assets Current assets Current liabilrties 3.633 116.361 {44.8121 3,633 116.361 144.8121 Net assets 2020 75.182 75.182 HACKNEY MARSH PARTNERSHIP Notes to the Accounts for the year ended 31 March 2021 13 OPERATING LEASE COMMITMENTS At 31 March 2021 the charity haj fubJre minwnum commitments n re$wl of n(￿-cancelIable operating leas¢s as fomows Office rent 2020 Other 2020 2021 2021 Not later than 1 year Between 1 and 5 years 15.600 7.800 299 1.196 299 Total 7.800 23,400 1.495 1,495 23