HACKNEI Y MARSH PARTNERSHIP Contellts Compaiiy Registration Number: 03282796 Charity Registration Number: 11162470 HACKNEY MAR,SII PARTNERSHIP Ti'ustees, Annual Report and Accounts 31 March 2024 Page
HACKNEY MARSH PARTNERSHIP Conteiits Cliarity infoR'matioii Ti'usteesl Annual Report Stateinent of directoi%' responsiblllties Indepeiident Examiiier's Report F14Jids Slalenieiils.. 3-10 12 Statement of Financial Activities Statement of Fiiiancial Activities - Pi'ior Year statement Balance sheet 13 14 15 Cash Flow statemeiit 16 Notes to the accouiits 17-24
HACKNEI Y MARSH PARTNERSHIP Coinpany Registration Number- 03282796 Trusteesl Annual Report for the year ended 31 March 2024 The l-n)stees piesent theii" Report and Accounts for the year ended 31 Mai'ch 2024, which also coinpi.ises the Dii'ectors, Repoit required by the Companies Act 2006. Illi 14'1i',Illi,N(.:b; ANT) /lDMINISTRATIVlf l)fi T AJl.S Tlie cliiirity naiiie.. Tlie legal naiiie of the charity is:_ HACKNEY MARS14 PARTNIRSHIP. This is also its opeiatillg name Tlie Lliarity S ni'ea of operalioii aiid UK charilable registralioii. The chai'ity is I'egistei'ed in England & Wales with the Charity Cominission in Eiigland & Wales (CCEW) with Ch"Lty nuinbcr 1062470 Tlie legul sti'iicliire of Ilie cliarity Tlie govei'ning document of the charity is the Meinorandum and Articles of Association establishing the coinpany under company legislation. The Goveilling Document is dated 24 Apiil 1997 By opei'ation of law all trustres are diiectors under the Companies Act 2006 and all directors ake trustee.8 undei. Charities legislation and bave responsibiliti&8, as such, under both company and chai'Aty legislation. Tlie trustees are all individuals. The pi'incipal operating Ydddi'ess: ICing,qinead Kabin 8-9 Icingsinead Way London E9 5GQ ww.hmp,org,uk Tlie i"egistered office of the cliarity foi Companies Act puiyoses is the same as the opej'ating adth'ess shown above The Trustees in tlie office on the date the report was approved were: Mr G R Bvans Mi. Tom Neil Ms S R Patsick Mi. T J PeiTy Ms Hulith Clarke Mi. Ilndrew Finn . Marvin Birch Mi" Harry Holdstock Ms Sade Etti Tlie tLllStees who served as a trnstee in the reporting period were as shown above, and tlieLE were no changes duiing the year, oi. in tlie period between the Ye-elld and the appi'oval of tlic accounts. All the tilte¢S ale also members of the charity.
HACKNLI Y MARSH PARTNERSHtp Company Registration Nuniber - 03282796 Trustees, Annual Repox't for the year ended 31 March 2024 OBJECTS AND ACTIVITIES Tlte puiJJoses ofllie clirti'ity os sel oiil iii its govei'iiiiig dociiiiieiil. Tlie cliarity 's objects, as laid down in its Memoi'anduin and Aiticl&8 of Association al'e: To develop an understanding of the conts'ibution of s(KiO-econoinic inequality, within and between societies, to poor Iiealth aiid to foiins of social aiid ecoiiomic dysfunction (the 'principal object). To publish material i"el2ting to the principal object; o To commission i'eseai'ch relating to the principal object. To promote alld campaign for greater undei'standing and acceptallce of the evidence ielating to tlie pi-incipal object. To provide ediicational and advisory servic&g to all and any organisations, groups and individuals interested in uiidei-standing tl)e evidence relating to the pi-incipal object. Tlie iiiain acliviÉies al'e iiiidei'lftkeii iji relAlioii lo Iliosepurposes diiriiig Iheyecii.. PUBLIC BE4 NEFIT Tlie chai'ity activities al'e mainly focused on the community in Hackney and the tiustees al'e confident tliat these activities benefit the public The ttwstees liave had regai'd to the Charity Commission's guidance on public benefit in Inanaging the activities of the charity. ACHIEVEMENT AND PERFORMANCE Tlie sliort tei'ipi aiid loiigér-teriii aiiiis oiid objectives. Tlie Somali Women's Group has now been fiiinly established as an iiidependent Coinmunity Intei-est Company (CIC) uiidei. tlie naiiie Eiast London Somali Connect, catci-ing to thc enlii'e Somali community. 'I'his ti'ansfonnation i'epi'esents a majoi. milestone, empowei'ing the Somali corninunity in Hackney to develop and manage their own i"esources. Long-terni plans incRude securing dedicated pi"emises for a Somali-cents'ed community centre-a miich-needed resource in the borough. The advice seryice continued to experience high deman(L driven by inflatlon and cost-of-living pi"essures. Oui. team pi'ovided crucial suppoit on issues such as debt, liousing, weEfai'e benefits, and IMMIation. With tlie advice conts.act successfully renewed ill mai.ch 2024, we are now focused on funth'aising to expand this service fvrther, adth'essing the 'owing needs of our communAty amidst economic challeng¢s. Tlie tendei" piocess foi. the Youtli Hub conts'act began in March 2024 as part of a competitive two- stage pi"ocess and was successfijlly completed, ensuiing the continuation of tlie conti'act. This outcome was ci"itical, as the significant tillnover associated with the contract represented an existential tIll'eat to the organisation. which lias now been alleviated. With this stability, we al'e committed to ralsing additional funds to enhanc¢ our youtli services and broaden oui offeiings.
HACI<NEY MARSH PARTNERSHIP Coinpany Registi'ation NiiA]]ber- 03282796 Trllstees, Allnual Report for the year ended 31 March 2024 This yeai also maiked continued succw in hosting international interns, with thi.ee students from U.S. univei'sitie8 making substantial contributions to oui. projects. Theii. involvement iiot only eni'iched our organisational capacity but also fostered valiiable international collaboi'atioii, Inspired by this experience, we aiin to expand our internsliip prograinme. building sti'ongei. global connections and bringllig fl'esh perspectives to oiir WOAk. Looking ahead, our fociis remains on addressllig financial constraints while innovating and expanding oui. services. Fundi-aising efforts will prioiitise sustaining the Youili Hubs at tlieii. cu11.ent ligh standards, 'owing tlie advice scrvice. and advanciiig East LA)ndon Soinali Cotinect's long- teiin vision. Hacluiey Marsh Partnei'ship will continue to suppoi't and guide. Tlie coyili'ibiitioii of ipoliiiileei's cliii'iiig dieyeor. Volunteers contiiiue to be a vital part of the ch'it1 operations. Operationally we at'e grateful to receive volunteei. support from pai.ents and local people at both youth Iiubs and also receive volunteer support in adininistration and accounting in oiir head office, Tlie iiiai71 achieveiiieiils aiidperfoi'iiiaiice ofihe eliarity diiriiig Ilieyeai.. tn the past yeai., we liave continued to successfiilly deliveT our youth prO.aMmeS at both tlie concoi.de and Stoke Newington Youth Hubs. These seivices have i'emained inte8r21 to the pei'sonal and social development of yoiing people in Hackney, offering a broad range of activities and suppoit. Despite the challenges of the ongoing economic climate, attendance iEmained sti'ong, and the Iiubs have continued to be a source of stsbility and growth for the local youth community, A key development this year was the successfvl retendering of tl)e Youth Hub contract, which has secui'cd the continuity of our youth sei'vices. This achieveinent was vital, as the conti'act repi'esents a significant poition of the chai'ity's ttiimovei., and its successful renewal lias alleviated an existential tlii.eat to oui. organisation. Tl)is stability enables us to continuc providing higli-quality, structuied youth seivices to the community. Tlie Kings Park Moving Togethcr project, completed in partnership with the London Boi'ough of Hackney, mai'ked anothei. significant milestone. The project, which focused on community development and engagemciit, concluded successfully in Octobci. 2023. Tliis initiative not only brought much-needed activities like cycling, walking. and dance cla&8es to the area but also helped sti'en8then oui. ongoing cominitmciit to community cohesion. Another major achievement this year was tlie transfomation of the Somali Women's Group into independent organisation, now known as East London Somali Connect. As a Community Interest Coinpany (CIC), East London Somali Connect is now able to more effectively sei've tlie Soinali community in Hackney and beyond. While they have achieved independence, Hackney Marsh Partnet3hip i'emains conllnitted to suppoi'ling and guiding East LA)ndon Soinali Connect in its early stages, ensiiring it reaches its full potential and continuGs to meet the needs of the cominunity. Amid the ongoing cost-of-living crisis, the demand foi" our advAce seIceS has sui"ged. Oui. walk-in advice clinic has been a ciittcal iesource for local residents, offei.ing guidance on a wide J'ange of issues including housing, debL welf benefits, and immigration. As demand continues to 0w, we are exploiing additional funding opportunities to increase the availability of this vital service, ensui'ing that moi"e people in need can be supported during these challenging times.
HACKNEY MARSH PARTNERSHIP Company Registtxtion Niimbei"_ 03282796 Trustees, Annual Repoi't for tlie year ended 31 March 2024 Tliese acliicvements serve as A teslament to the dedication and iesilieiice of our oi'ganisation and staff. Tlll'ougli continiied collaboi-ation, innovation, and a fociis on cominuiiity engagemeiil, we have been able to malce a meai)iiigfuE and lasting impact ill Hackniey, inipi'oving tlie lives of tliose wc sei"v¢. Tlie differeiice iiiéide lo ilie beiieficiai'ies aiid ivider soeiety In the fiscal year 2023-2024, ow. chaiity coiitiiiued to operatc witliin one of the 5 /0 inost depi-ived ai'eas in FIa¢l(ney, wliicli i.anks among the top 10/0 of the most depi'ived areas in the United Kingdom. This context has made oiii. woi'k even more vital, pai'ticul21-ly as tl)e ongoing cost-of- living ci'isÉs has dispiopoitionately affected oui. already vulnerable community. In response to these challenges, we have seen a marked inci'ease iii demand foi. our advice services, as people face heighteiied financial pi'es8ui-es, iiicluding i'ising debt, l-ent aii'eai's, and job insecui-ity, In <iddition to this, we have secui'ed a small grant that enabl us lo pi'ovide dii'ect financial support to individuals and famili&8 stsuggling wilh everyday bills. This iilltiative aims to alleviate some of the sti'ain caused by the ciisis, ensuring that those most in need have access to critical assistance. Oui. focus on suppoi-ting youlig people reinained central throughout the year, with pai'ticulai. emphasis on theil mental health and leai"nii)g needs as we navigated the ongoing impacts of the paiideynic. As a i'esult, we saw a significant iise in attendaiice aci'oss out. youih liubs, which continued to deffiivei. a diverse range of activities. These hubs inci'easingly took on a con)murAity- wide role, expanding beyond cl)ildren and young people lo include adults, particularly through initiatives sucli as food parcel distribution and a variety of cominunity events. This appi'oacli lias played a key pait in strengiliening comtnunity cohesion. Oui. advice service has proven indispensable during this time, helping individuals address issues such as debt, rent aii'ears, and employment, pi'ovlding vital support at a time wlien these conceiTr8 have escalated. Hoiv ¢lie acliieveiiieii¢s diii'iiig ihe year ijieosiire lip lo Ilie objeclives sel. Thc cliarity either sets oi. is contractcd to deliver specific outcomes. Youth outcomesloutputs in line with the PAEVIOUS year and once again outpeiforn]ed expectations. Advice outcomes in line with contracted outcomes. ,STRIJC:'I'IJRF, C-OVERNANCE A]ND MANAC:I, Tlie iiieiliods iised io reci'iiil aiid uppoiiil Meiv charity ti'iiscees. Trustees are appointed to the Management Committee at the AGM accordiiig to tlie teiThs of the compally's Meinorandum and Articles of Association which allow for: a) Not more than individual and group members to be elected at the AGM b) The team l'ector of the Palish of Hackney Marsh if helshe is willing to sei've, oi else anothei. licensed clei'gy membei. of the p]Sh. c) A cliurchwai'den oi. deputy chuirhwarden of the paris elected by and fi'om the chui'chwaillens. d) One i"epi'esentative from each of thase projects is cun'cntly being run by tlie company.
HACI<NEY MARSH PARTNERSHIP Conjpany Regislratioii Nulliber- 03282796 Trustees, Annual Report for tlie year ended 31 Marcli 2024 Tlie iiianagement coinmittee can co-opt additional membe13, subject to a Inaximiiiii of 5 in any one yeai.. Sucli meiiibers will then hofid office until the next AGM at which iliey will be eligible for i'e- election. Tlie chai'ity s oiguiiisaliojial.slriicliii.e. The CEO and tiustees of the chaiity meet i'egulai"ly lo manage its affaii"s. Tlie Chief Executive of I lackney Mat'sh Paitneiship manages the day to day adiiunists"ation of the ch&ity. Tlie cuiient staff roles below caiyy Out day to day activilies Cliief Executive Officer Accountant (Volunteer) Accountaiit (part tiine) Youth pl0MMe Managei. Centi'e Managei's (x3 including jobshare) Youtli Woi-keis (x l O) Office and Facilities Managei" (Pait I'ime) Facilities Staff (Cleaners, seClty, Caretakers)(x3) Advisor (Part Time) How ilie cliai'ity iiicikes deeisioiis uiid hoiv decisioiis are delegaled. Day to day opei'ational arLd financial decisions are made by the CEO. Tlie CEO ieceives support from the Board of TLilStees. Tnistees meet witli the CEO every 6 weeks. TNstees woik with tlie CEO to agree fOrw.d medium and loiig-tei"m sts"ategies. CEO aiid Maiiageiiieiil Teaiii Senior management within tlie charity consist of Gary Bui'gess CEO and Joyclen Biodie Mends the Youtli Pl"071ne Managei.. Setliiigpay aiid reiiiiiiieration of key ijiaiiageiiientpersoiiiiel Key Management Pei3onnel comprised of the Tiwtees, the Chief Executive Officer and Youth Pi.0'amlne Manager. Tiiistees ai"e not i'emunei?ted in their capacity as a Tiustee. The J'emiineration of the staff is detei"mined by the Tiustees annually and nornially incieased in accordance witli avei?ge eningS, considering sector parametei's and benclllnarks and funding available. Hackney m'sh P'telEhlp pay a minimum of the LA)ndon Living Wage. FINANCIAL REVIEW Tli£ clidi'ity'sfinancialp05ilioii fit Ihe eiid ofilieyeai. elided 31 mai.eh 2024
HACI(NEY MARSH PARTNERSHIP Company Registi'alion Nuiiibej. _ 03282796 TR'UStees' Annual Report for the year ended 31 Marcli 2024 Tlie financial position of the charity at 31 March 2024 and coinpai-atives foi. tbe prior period, as inoi'e fully detailed in the accounts, can be summaiised as follows'.- FINANCIAL REVIEW 2024 2023 Net Incomel(Expenditure) (27,833) 33,055 Unrestricted Ravenue funds available for the general purpose of charity 191,747 219,580 Restricted Revenue fund Total Funds 191,747 219,580 Fiiiaiieial revielv of tliepositioii at ilie reporling dale, 31 Mai'eli 2024. Tlie SlatemenL of Financial Activities shows net outgoing i'esources for tlie year of a i'evenuc natui'e of £ 27,833 (prior year surpliis £ 33,055). The total reseives atthe year-end stand at £191,747. (piior yeai, £219,580). Fi'¢e uni'ests'icted liquid i'esei'ves amounted to £ 191,747 (pi'ior yeai. £ 219,580). The trustees considei. the financial perforniance by tlie chaiity during the year to Iiave been satisfactory. Policies oil reserves. The tSteeS appi'eciate the need for strong i'eserve F[d5 but recognise the difficulties of achieving this in the ciin.ent funding envirotment, ptiCula1.1Y in the ligl)t of tlie modul. approach to pi'oject woi"k and tbe fact that most funding is r&stricted. The TISteeS have managed to ci'eatc a iEseiv¢ fund based on tlll'ec months, funding of opei'ating costs and intend to continue to maKntalli a similar rcseive in the future, Risks aiid iiiicei'taiiitiesfnciiig die ehfirity. Risks identified going forward include- Tbe ongoing cost of Living crisis has impacted negatively oi) public hlle of our function space impacting unrestticted funds coming into the charity, Similarly, office space has been impacted. oifice space is available for hire to the voluntary sector organisations similai-ly iinpacted by rising costs and mol'e coinpetition foi- available funding. Having lost two long tein hii'eis this fanCIaL yeai. we have CUiTently replaced only one. Tlie organisation was delighted to be awai'ded the long tern] youth conli'act in a cnpetItive tendeA in Q3 2024. However funding remained at the same level as before. With iisillg costslsalaries the boai'd and CEO will continue to woi'k to secure moiE funding to supplement this shoitfall.
HACKNEY MARSH PARTNERSHIP CoinpAlly Registi'ation Niinibei. . 03282796 Ti'llstees, Allnual Report foi. tlie year ended 31 Mai'ch 2024 PriiiciJ)alfiiiidiiig soiirces Tlie cliaiity's youth work is llded tbrougb the London Boi"ougli of Hackney's Youth Seivices. (Youtig 14ackney) The Advice seivice is funded by Public Health (Hackney) Cycle Club funded by Sancttiaty Housing PI,ANS VOR Tllb, bU'I'UIII,, Suiiiiiiary ofplaiisfor Iliefiitiii'e aiid ili£ ti'iislees peispeeliwe of Iliefuliii'e dii'eclioit of the cliai'ity. As we look aliead, our chai'ity Yeinains steadfast in its mission to sei've and uplift our coinmunity, despite tlie challenges of i'ising demand and limited resources. Rccognising tlie ongoiijg financial pj'essui'es faced by many, we 'C committed to iDci"easing the capacity of oui. advice seivices by actively seeking extaThal fiinding to nieet the growing needs of tbe community. Tlie Kings Pai'k Moving Togetlier project is set lo conclude in October 2024. To continue promoting physical activity in the area, we intciid to launcli a fundraising campaign to sustain these vital initiatives. Fwtherjnoir, we al'e in the process of collaboi'ating with Hackney Foodbank to establisli a local food distribution hiib that will operate weekly, addressing food insecui'ity iii oui. community. Securing five years of fiinding for our Youth Hub has been a significant achieveinent. However, with fiinding levels uncbanged since 2015, we face the challenge of suppleinenting these resoui'ces to meet the evolving needs of young people. Mental lie4lth, a pressing issue aiiiong children, young people, and adults, is anothei. key focus area. We have forged a partnei'ship with the NHS to connect local iEsidenls with available mental liealth sci-vices. Building on the success of a l O-week Inental health coui'se delivei'ed at the Concorde Youtli Hub in Febiuary 2024, which was exts'emely well I'eceived, we aim to secure funding to deliver similai. woi'ksliops regulai'ly. Sti'eiigthening partnerships and collaborations remains central to our strategy. By woi'king with otliei. chaiities, local authorities, and community oi'ganisaiions. we can broaden the scope and impact of oui. seivices while unlocking new funding opporttinities. Coiiimunity engagement will also rcmain a pi'ioiity thi'ough regular feedback sessions, events, and volunteer initiativcs, cnsui'ing oui" worlc continucs to reflect the needs and aspii'ations of those we seive.
HACKNEY MARSH PARTNERSHIP Coiiipally Registration Nun)bei' 03282796 Trustees, Aiinual Report for the year ended 31 March 2024 ,S'l.'kl'rTr Mr4,N'l." l)r TEIE I)IRECTOII,S 1". RIJS'I'.l£,li,S , Illi,%})ON%J.1111,ITIEI S, The charity's tiustees al'e responsiblc for tl)e pi"epai?tion of the accounts in accoi'dance witli the teniis of tlie Companies Act 2006, the chill&s Act 201 l and tlie Chaiities (Accounts and Repoits) Regulations 2008. Notwithstanding tlic explicit requirement in tlie extant statutoiy i'egulations, the Charities (Accounts and Reports) Regulations 2008. to prepai'e the financial statemeiils in 8ccoi-dance with the SORP 2005, in view of tlie fact that the SORP 2005 has been witlidi'awn, the Tmstees deteiTnined to inleipret Iliis responsibility as iEquiring tliem to follow cuii'ent best pi"actice and pi'epare the accoiints accoi'ding to the FRS 102 SORP (Statement of Recoininended Pi?ctice for Accoiinling and Reporting by Chai"ities) 2015 (as ainended by the Bulletin issiied iii Febiuary 2016) Iii pai'ticular, tlie Coinpanies Act 2006 and chai-ity law i'eqiiire the Board of Trnstees to pi'epare fiiiancial statements foi- each financial year wbich give a ttiie and fau. view of the state of affairs of the chaTity as at the end of the financial year and of the suipliis oi. deficit of the chai'ity, In prepaiiiig those fiiiancial slatemeiits tlie Boaixl is required to: o to pi'epare the accounts in accordance with United Kingdom Generally Accepted Accounting Pi'actice (United Kingdoin Accounling Standai-ds and api)licable law). select suitable accounting policies and apply Iliem consistently. make judgements and estimates tliat are I'easonable and piudent. pi'epai'e the financial statements on the going conceim basis unle&8 it is inappi'opi'iate to pi'esuine tbat the Chlty will continue in business; state wbetber api)licable accountiug standards and statements of i'ecommended pi'actice have been followed, subject to any material depai'tures disclosed and explained in the financial stateinenls. The law i'equires that the tn]stees must not approve the accounts unless they are satisfied that tliey give a tIe and fair view of the state of affaii's of tl)e charity and of tlie sui'plus oi. deftcit of the chaiity for the year. Tlie Ti"LlStees al'e also i'esponsible for rnaintaining adequate accounting recoi'ds which disclose with reasonabl¢ accui'acy at any time the financial position of the Cli'1ty and which 'e sufficient to sliow and explain the charity's tt'ansactions and enable tliem to ensui'¢ tliat the financial statements comply with tlie Companies Act 2006 and comply witli regulations made under the Chaiities Act. They are also i'esponsible for safeguaiyliiig tlie assets of the chai'ity and hence for taking reasonabRe steps foi. tlie prevention and detection of fraud and othei. in'egulai'ities. Tlic Tslee8 are also responsible for thc contents of the Trustees, report, and Ihe stattitory responsibility of the Independent Examiner in relation to the Trustees, report is limited to examinÉng the i-epoi't and ensuring that, on the face of the rcpoit, thei'e are no material inconsistencies with tlie figures disclosed in the financial statetnents. Method of pi"eparation of accounts - Sm211 company pi'ovisions The financial stateinents ale set out on pages 12 to 23. 10
HACI<NEY MARSH PARTNERSHIP Coinpany RegisLL'ation NiiD]ber - 03282796 Yriistees, Annual Report for the year ended 31 Mai'cb 2024 The financial statenients have been prepared to impleinent tlic FRS 102 SORP (Statement of Recoiiiinended Pi'actice for Accounting and Reporting by Chai"ities) 2015 (as ainended by the Bulletin issued in FebiaLY 2019) and in accordance with the Financial Reporting Standard l 02, (effective I st January 2016) These financial statements have been prepared in accordance with the provisions in Pait I S of ilie Companies Act 2006. applicable to compaui&s subject lo the small companies regiine. This i"eport was approved by the board of trustees on 19 March 2025. ys ki Qcl MS Hulith Clai'ke Director and Tivstee 11
Lutfi Bin Salim Bin Talib
Welbeck & Bradwell 42-44 Bishopsgate, London EC2N 4AH This report was signed on 19-03-2025
HACKNEY MARSH PARTNERSHIP statement of Financial Activities for the year ended 31 March 2024 Unrestricted Restricted Total Funds Total Funds Funds Funds 2024 2023 Notes Incoming resources: Donations and legacies Charitable activities Other income 5,500 70,821 4,874 439.324 5,918 757 444.824 474,397 75,060 3,199 76,739 5,632 Total Income 81,196 445,999 527,195 552,656 Expenditure: Charitable activities 145,044 409,984 555,028 519,601 Total Expendlture 145,044 409,984 555,028 519,601 Net incomel(expendlture) for the year. (63,848) 36,015 (27,833) 33,055 Transfer between funds 11 36,015 (36,015) Net Movement In Funds (27,833) (27,833) 33,055 Reconclliation of funds: Funds brought forward 219,580 219,583 186,528 Funds carrled forward 191.747 191,747 219,583 A separate Statement of Total Recognised Gains and Losses is not required as this slatement ncludes all recognised gains and losses. All 8Ctivities derive from conlinuing operations The notes attached on pages 16 to 24 form an Integral parl of these accounts. 13
HACKNEY MARSH PARTNERSHIP Statement of Financial Activities for the year ended 31 March 2024 Analysis of prior year total fund: Unrestricted Restricted Total Funds Total Funds Funds Funds 2023 2022 Incoming resources: Donations and legacies Charita ble activities Other income 474,397 6,887 1,774 474,397 75,080 3,199 484,938 57,791 2,202 68,174 1,424 Total Income 68,598 483,055 552,656 544,931 Expenditure., Cha ritable activities 121,233 398,368 519,601 498,625 Total Expenditure 121,233 398,368 519,601 498,625 Net income/{expenditure} for the year. (51,635) 84,690 33,OS5 46,306 Transfer between funds 84,690 (84,690) Net Movement in Funds 33,055 33,055 46,306 Reconcillation of funds., Funds brought forward 140,222 186,528 140,222 Funds carried forward 186,528 186,528 186,528 14
HACKNEY MARSH PARTNERSHIP Company No: 03282796 Balance Sheet as at 31 March 2020 2024 2023 Notes FIXED ASSETS Tangible fixed assets 12 818 12 818 CURRENT ASSETS stock Debtors Cash at bank and in hand 43,577 260,995 304,572 23,796 301.820 325,616 CREDITORS: amounts falling due within one year 10 (112,838) (106.851) NET CURRENT ASSETS 191,735 218,765 NET ASSETS TOTALS 191.747 219,580 THE FUNDS OF THE CHARITY Restricted funds Unreslricted funds 12 12 191,747 219,580 491,747 219,580 The directors are satisfied that the company is entitled to exemption from the requirement to obtaln an audit under section 477 of the Companies Act 2006. The members have not required the Company to obtain an audil in accordance with section 476 of the Act. The directors acknowledge their responsibilities for complying with the reqLtirements of the Companies Act 2006 with respecl to accounling records and the preparation of accounts. The charity is subject to Independent Examination under charity legislation, and the report of the Independent Examinar is on page 9. The financial statements have been prepared in accordance with the provlslons in Part 15 of thè Companies Act 2006. applicable to companies subject lo the small companies reglme. MS Hulith Clarke Trustee Approved by the board of trustees on 19th March 2025 The notes attached on pages 16 to 24 form an Integral part of these accounts. rns H P Lia- 15
HACKNEY MARSH PARTNERSHIP Cash flow Statement for the year ended 31 March 2023 2024 2023 Notes Cash flow from operating activities Net cash provided by operating activities (40,8251 22,526 Cash f low from investing activities Investment income Purchase of fixed assets Net cash provided by investing activities Change in cash and cash equivalents in the year {40,825) 22,526 Cash and cash equivalents at 1 April 2023 301,820 279,834 Cash and cash equivalents at 31 March 2024 260,995 301,820 Notes to the cash flow statement reconciliation of net movement in funds to net cash flow from operating activities 2,024 2,023 Net income/(expenditure) for the year (before investment gains & losses) Depreciatlon charge Decreasel(increase) in debtors {Decreasel/i ncrease in creditors {30,291) 33,055 804 (17,3241 5.986 804 (9,376) (1,957) Net cash provided by operating activities (40,825) 22,526 B - Analysis of cash and cash equivalents Cash at bank and in hand 260.995 301,820 Total cash and cash equivalents 260,995 301,820 16
HACKNEY MARSH PARTNERSHIP Notes to the Accounts for the year ended 31 March 2023 1 Accounting policles Basis of preparatlon and accounting convention The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with Ihe Financial Reporting Standard 102, {effective 1st January 2016) and 'FRS 102 SORP <Slatement of Recommended Practice for Accounting and Reporting by Charities) 2015 (as amended by the Bulletin issued in February 2016) published by Ihe Charity Commission in Eng18nd & Wales (CCEW) ,effective January 2016, (The SORP), and in accordance with all applicable law in the charitls jurisdiction of registration, except that the charity has prepared the financial statemenls in accordance wilh the FRS 102 SORP (Statement of Recommended Practice for Accounling and Reporting by Charities) 2015 (as amended by the Bulletin issued in February 2016) in preference lo the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations. the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice. Going Concern The charitable activities are entirely dependent on continuing granl aid and voluntary donations as well as trading revenues. As a consequence. the qoing concern basis Is dependent on the future flow of these uncertain funding streams. Accordingly, the Trustees have oblained forecasts and, after reviewing the financial forecasts for future periods to 31 March 2018, the Trustees are satisfied that, at the time of approvlng the financial statements, it is appropriate to adopt the going concern basis in preparing the financial slatements. Other th8n these matters. the Truslees are not aware of any material uncertainties aboul the GharitS ability to continue as a going concern, Incomé recognltlon Income, whether from exchange or non exchange transactions, is recognised in Ihe statement of flnancial activities (SOFA) on a receivable basis, when a transaction or other event results in an Incfease in the charily's assets or a reduction in its liabilities and onSy when the charity has leg81 entitlement, the income is probable and can be measured reliably. Income subject to terms and conditions which must be met before the charity is enlitled to th8 resources is not recognised until the conditions have been met. All income is accounted for gross, before deducting any related fees or costs. Accounting for deferred Income and Income recelved In advance Where terms and conditions relaling to income have nol been met or uncertainty exists as to whether the charity can meet any terms or conditions otheise wthin its control, income is not recognised but is deferred as a liability until it is probable that the terms or conditions imposed can be met. Recognltlon of Ilabllities and expenditure A Ilability, and the related expenditure. is recognised when a18gal or constructive obligation exists as 8 result of a past evenl, and when it is more likely than not that a transfer of economic benefits will be required in selllement, and when the amount of the obligation can be measured or reliably esllmated.. Liabilities arlsing from future funding commitrnents and constructive obligations, including performance related grants. where the timing or the amount of the future expenditure required fo settle the obligation are uncertain, give rise lo a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabililies, and is decreased by the utilisation of any provision wthin the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates. Allocatlng costs to actlvlties 17
HACKNEY MARSH PARTNERSHIP Notes to the Accounts for the year ended 31 March 2023 Direct costs that are specifically related to an activity are allocated to that activity. Shared direct costs and SLfPPOrt costs are apportioned between activities. Volunteers I n accordance with the SORP, and in recognition of the difficulties in placing a monetary value on the contribution from volunteers, the contribution of volunteers is not included within the income of the charity. However, the Iruslees value the significant contribution made to the aclivities of tho charily by unpaid volunteers. Tanglble fixed assets Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into ils inlended worklng condition. Depreciation has been provided at tha following rates in order to write off the assets to their anticipated residual value of estimated useful lives. Land & buildings 2% straight line Furnlture & fixtures 20Yo straight line Office 8quipment 330h straighl line Dèbtors Debtors are measured at their recoverable amounts at the balance sheet date. Creditors and provlslons All known liablllties at the end of the financial year is included. Flnanclal Instruments Includlng cash and bank balances Cash held by the charily is included at the amount actually held and counted at th8 year end. Bank balances, whether in credit or overdrawn, are shown at the amounts properly reconciled to the bank statements. Penslons - deflned contrlbutlon schemes The company operates a defined contribution pension scheme. Contributlons are charged lo the profil and loss account as they become payable in accordance with the rules of the scheme. 2 LSability to taxatlon The Trustees consider that the charity satisfies the lesls set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received withln categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxalion of Chargeable Gains Act 1992, to the extent Ihat such income or gains are applied exclusively on the specific charilable objects of the charity and for no other purpose. Value Added Tax Is not recoverable by tho charity, and is therefore included in the relevant costs in the Statement of FinanGial Activities. 3 Wlnding up or dlssolution of the charity If upon winding up or dissolution of the charity there remain any assets. after the satisfaction of all debts and Ilabilities. the assets reprosented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity. 18
HACKNEY MARSH PARTNERSHIP Notes to the Accounts for the year ended 31 March 2023 4 Donation and Legacies Unrestricted Restricted Total Funds Total Funds Funds Funds 2024 2023 Donation and gift from Individuals 250 Grants from Govi and Public bodies - London Borough of Hackney 385,892 385,892 381,115 Grants and Donation from Non public bodies - Sport England Cilizens Advice Bureau Hackney Clapton Park other Donors 50,000 22,950 31,154 22,278 31,154 27,778 5,500 20,082 Tolal Donatlon and Legacles 439,324 444.824 474,397 5 Charitable activities - trading Unrestricted Restricted Tolal Funds Total Funds Funds Funds 2024 2023 Sales - Community hall hire Income - Lettlng Office 45,918 24,833 5,918 51,906 24,833 44.705 30.355 70,821 5,918 76.739 75.060 19
HACKNEY MARSH PARTNERSHIP Notes to the Accounts for the year ended 31 March 2023 6 Charitable actlvltles expendlture Unrestrlcted Restricted Total Total Funds Funds Funds 2024 Funds 2023 6a Dlrect Costs Gross Salary and wages Employers Nl ContributÉon Defined contribution pension costs Programme Activities Events 80,633 1,802 354 261,307 17,388 3,271 34,898 341,940 19,190 3,625 41,066 325,243 17,198 2,807 40,016 6,168 88,957 316,864 405,821 385,264 6b Charitable actlvltles - Tradlng 6c Supporl Costs Premises Expenses Rent and Rates Light heat and Power and Waler charges Cleaning and Waste Management Premises repair and security Property Insurance Adminlstratlve overhead Trainlng, welfare and recruitment Travel and subsistence - Staff Volunteers Expenses Telephone, fax and intemet Stationary, printing and postsge Subscriptions Accounting and Bookkeeping Other Admlnlslralive expenses Bad debt 6,982 6,314 2,472 5,106 3,167 37,172 41,231 3,021 3,982 44,154 47,545 5,493 9,088 3,167 41,128 36,478 4,267 16,335 3,052 331 288 619 664 219 219 4,964 2,913 3,997 122 3,138 1,624 3,679 1,825 1,289 318 5,270 4,806 2,885 540 11,048 20,377 907 21,284 Consultancy fee Bank charges Depreciation 2,283 2,283 577 2,686 422 577 804 804 804 53,987 93,120 147,107 130,507 6d Governance cost Independent Examiners fee Legal fee 2,100 2,100 2,460 1,370 3,830 519,601 2,100 145,044 2,100 Total Charitable expenses 409,984 555,028 7 STAFF COSTS AND TRUSTEES 20
HACKNEY MARSH PARTNERSHIP Notes to the Accounts for the year ended 31 March 2023 2024 2023 Salaries Pension costs Social security Redundancy 341,940 3,625 19,190 325.243 2,807 17,198 364,975 345,248 The average number of full time employees during the year was: Charitable Governance 11 li 16 Neither the trustees nor any persons connected with them have received any remuneration from the charity or any related entity, either in the current or prior year. No employoos received emoluments (excluding pension costs) in excess of £60,000 per annum. The ch8rily operates a defined contribution pension scheme with NEST, th8 costs of which ara shown above. Any liabllities and assets associated with the scheme are shown under debtors and creditors 8 TANGIBLE FIXED ASSETS Land and Furnllure and Buildlngs Flxtures Offlce Equlpment Total Cost At 1 April 2023 Additions 400,762 29,922 115,059 545,743 At 31 March 2024 400,762 29,922 115,059 545,743 Depreclation At 1 April 2023 Provided during year 399,976 786 29,890 18 115,059 544,925 804 At 31 March 2024 400,762 29,908 115,059 544.925 Net book valuè At 31 March 2024 14 14 At 31 March 2023 786 32 818 21
HACKNEY MARSH PARTNERSHIP Notes to the Accounts for the year ended 31 March 2023 DEBTORS 2024 2023 Trade debtors Prepayments and accrued income Other Debtors Accrued Income 35,892 1,913 14,979 5,357 145 3,315 41,119 3,315 23,796 10 CREDITORS: amounts falllng due wlthln one year 2024 2023 Accounts payable Accrued expenses Deferred Income PAYE, NI, VAT and other Taxes other Creditors 11,249 24,479 42.074 6,422 28,614 10,055 25,274 42,074 6,325 23,123 412,838 106,851 11 ANALYSIS OF FUNDS At 31 Mar 2023 Funds At 31 Mar transfer 2024 Income Expendlture Restrlcted Funds Youth Programme Advice Programme Community develop Sports Engr Restricted - Others 375,587 26,437 29,167 14,808 (63,382) (9,7471 (25,988) {449) (18,670) (10,497) (1,944) (12,864) Total Restricted funds 445,999 (409,984) (36,015) Unrestrlcted Fund 219,583 81,196 {145,044) 36,015 191,747 Total funds 219.583 527,q95 {555,028) 191,747 22
HACKNEY MARSH PARTNERSHIP Notes to the Accounts for the year ended 31 March 2023 Prior year fund Movement At31 Mar 2023 At 31 Mar 2022 Income Expendlture Funds transfer Restricted Funds Youth Programme Advice Programme Community development Reslricted - Others 381.116 22,950 50,000 28,528 (344317) 136,7991 (22,401) 15491 (27,606) 122,394) (4,044) 124,4841 Total Restricted funds 482,594 {398,368) (84,226) Unrestrlcted Fund 186,528 70,062 {121,233) 84,226 219,583 Total funds 186,528 552,656 (519,601) 219,583 Fund descriptions Youth P1'o.arnMe.' Commission fi.orn London Borough of Hackney to delivei. Youth seICe8 via 2 hubs Advice pl.0'aMme: Funded via Londoii Borougb of Hacl(ney foi" Hackney Advice Nelwoi'lc Cominunity development Funding via Sport England for Kings Park Moving To8elhei' Pi"oject 12 ANALYSIS OF NET ASSETS BY FUNDS Unrestrlcted General Restricted 2024 Total Fixed assets Cu rrent assets 12 304,573 (112,838) 818 325,616 (106,851) Current liabilities Net assets 2023 191,747 219,583 Prior Ye8r Assets by fund Unrestrlcted General Restricted 2023 Total Fixed assets Current assets Current liabilities 818 325,616 (106,851 818 325,616 (106,851) 23
HACKNEY MARSH PARTNERSHIP Notes to the Accounts for the year ended 31 March 2023 Net assels 2022 186,528 186,528 13 OPERATING LEASE COMMITMENTS At 31 March 2023 the charity had future minimum commitments in respect of non-cancellable operating leases as follows Office rent 2022 other 2022 2023 2023 Not later than 1 year Between 1 and 5 years Total 24