HACI<NEY MARSH PARTNERSHIP Conteiits Company Registration Number: 03282796 Charity Registration Number: 1062470 HACKNEY MARSH PARTNERSHIP Trustees, Annual Report and Aceouiits 31 March 2025
HACKNEI Y MARSH PARTNERSHIP Conteiits Page Charity iiifoi"mation Trustees, Aniiual Repoi't Statemeiit of dii'ectoi's, responsibilities Independeiit Examiner's Report Fiiiids StaÉeiiieiils.' 3-10 12 Stateinent of Financial Activities Statement of Financial Activities - Prior Year statement Balance sheet 13 14 15 Cash Flow statement 16 Notes to the accouiits 17-24
HACKNEY MARSH PARTNERSHIP Company RegistLilion Number - 03282796 Trustees, Allnual Report for the year ended 31 Mai'ch 2025 Tlie Tiijstees present their Repoit and Accounts foi the year ended 31 March 2025, wliich also coinprises the Dii'ectors, Report required by the Companies Act 2006. REFERENCE AND ADIVUNISTRATIVE DETAILS Tlie cliaritji iiaiiie.. Tlie legal name of the chaiity is:_ HACKNEY MARSH PARTNERSHIP. This is also its operating name Tlie choi'ity's area of opeialioii aiid UK eliaritttble regisli'ulioii. Tlie cliai.ity is i"egisteiEd in England & Wal&8 with the Cbarity Coinmission in England & Wales (CCEW) with chaiity number 1062470 Tlie legal sti'iietiive of ihe cliai'ity The goveming document of the charity is the Meinorandum and Ai'ticles of Association establishing the company undei. company legislation. I'he Goveiming Documei)t is dated 24 Api'il 1997 By opei'ation of law all tiustees are directoiE undei the CompaDies Act 2006 and all directors are stees under Ch'itIeS legislation and have responsibilities, as such, under both company and chaiity legislation. Tlie ttvstees are all individuals. The principal operatlng address: Kingsmead Icabin 8-9 Kingsinead Way London E9 5GQ ww.hmp.org,uLI The registeiEd office of the charity for Companies Act pUoseS is the same as the opei'ating address shown above The Trustees in the office on the date the report was approved were: Mi G R Evans Mr Tom Neil MrTJPerry Ms Hulith Clarke Mi. Maivin Birch Mr Hairy Holdstock Ms Sade Etti The tISte¢S who seived as a trustee in the reporting period were as shown above, and there wei'e no changes duiing the year, or in the period between the year-end and the approval of the accounts. All the trL]Stees are also mcmbej's of the charity.
HACI<NEY MARSH PARTNERSHIP Company Registration Number- 03282796 Trustees, AnnuAI Report for the year ended 31 MArch 2025 OBJECTS AND ACTIVITIES Tliepiiijioses of Ihe eliai'ity as set oiil tn its goveriiiiig dociiiiieiil. The charity 's objects, as laid down in its Memor8nduin and Articles of Association are: To develop an iindeiEtanding of the contiibution of socRo-economic inequality, within and between societies. to poor health and to fornis of social and econoinic dysfunction (the 'principal object,). To publisli matei-ial i'elating to the pi'incipal object. To commission reseai'ch i'elating to the prii)cipal object- o To pi'omote and campaign toi" gi'eater undcrsl<inding and acceptance of the evidence relating to the pi'incipal object; To piY)vide educatioi)al and advisory SeICe& to all and any organisations, groups and individuals interested in understanding tlie evideiice relating to the principal object. Tlie iiiain aelivilies are iinderlakeii iii relalion to thosepiiiposes diiriiig Ilieyeor. PUBLIC BENEFIT The cliarity activities are mainly focused on the community in Hackney and the trustees are confideiit that these activities benefit the public The tiustees have had regard to the Charity Commission's guidance on public benefit in Inaiiaging the activities of the chai'ity. ACHIEVEMENT AND PERFORMANCE Tlie shoi'l leriii aiid loiiger-teiiii oiiiis aiid objeclives. The Somali Women's Group has now bccn flliiily established as an independent Coinmunity Inteiest Company (CIC) undci" the naine East London Somali Connect (LLSC), supporting the wider Somali community. This transition mai'ks a significant inilestone, enabling the Somali community in Hackney to design, manage and lead its own services. A key longer-teirn ambition is to secuiE dedicated premises for a Somali-centi'ed community hiib - a much-needed facility within the boi'ough that would provide space for advice, entel'1SC, Iiealtli and wcllbeing, and coinmunity-led activity. Hackney mai.sh Pai%nership will continue to offer pi'actical suppoit and paitnei'ship to ELSC as it develops. The advice seivice has continued to expeiience exceptionally high demand throughout tl)e yeai, (h'iven by inflation, rising living costs and increasing housillg and welfai'e pressures. Our team has pi'ovided vilal support in areas including debt, housTng, Welfa benefits and linmitI0n. The advice contract was successfiilly renewed in March 2024 and is curi"ently funded thi'ough to March 2026. However, funding beyond tbis point is not guai2nteed, and we will continue to actively pursue new funding strean)s to protect and 0W this biglily valued service, which remains a lifeline foi. many residents. The Youtli Hub contract enteird a two-stage competitive tender process in Mai'ch 2024 and was successfully ietained, securing deliveiy from both hubs. This outcome was critical for the organisation, as the scale of turnover attacbed to tbe conti.act meant its potential loss would have
HACKNEY MARSH PARTNERSHIP Conipany Registration Nunibei - 03282796 Trustees, Annual Report for the year ended 31 March 2025 posed all existential i'isk to Hackney MaiEh Parinersbip. With this stability now secured, our focus is on sts'engthening and developing youth pi'ovision acioss botli liubs. A key short-tei.fft objective for 2025-26 is to fuither develop oui. tnentsl liealth pi'oject, subject to secui.ing funding, so that inore young people and families can access timely support and cleai" infoi'mation about services. Diie to financial constraints, the niii'sery provision has been withth'awn froin concoi.de Youth Hub. While this was a difficult but necessary decisioii, we will use this pei'iod to i'efocus on developing a broadei. l'ange of community-based activities witliin tlie space, ensuiing it continues to serve local need in a sustainable and flexible way. Tlie coiilj'ibiilion éjf volunteers diiriiig iheyear. VolunteeiE continue to be a vital part of tJ)e c-ItieS opei'ations. Operationally we are -ateful to rcccivc voliinleei. support fi'oin parents and local people at both youth hubs and also Leceive volunteer suppoit in administration aiid accountiiig in oui. liead offLCe. Tlie yiifiiii Acliieveiiieiils niidperforiiiaijce ofilie cliarity diiriiig Ilie year. Ovei tlie past year, Hackney Marsh Ptnership bas continued to successft]Ily delivei. youth PI'OVRsion fi'om both the Concorde and Stoke Newington Youth Hubs. These seiwices i'emain ceiitral to the peisonal, social and emotional developinent of young people in Hackney, offeriiig a broad and stiuctured prognamme of activities alollgside tNsted suppoi'l, Despite the pressui.es of the ongoing economic climate, attendallce has remained strong, and botb hubs continue to provAde stability, I'outine and opportLinity for local young people. A majoi achievement dui.ing tlie year was the successful i'etendering of tbe Youth Hub conts'act in Octobei 2024, securing the continuation of youth provAsion from both hubs. This outcome was ci'itical to tlie organisation, as the conti'act i'epresents a significant pi'opoi'tion of Hackney Mai'sli Paitiiersbip's tul-nover aDd its loss would have posed a sei-ious existential i'isk. With tliis stability now secured, it is our intention to develop and expand the youth offer fi'om April 2025. subject to nding, with a particiilai. focus on wellbeing and eai-ly intervention. In Janiiaiy 2025, we were also successful in securing a new contract funded by Coinpass Wellbeing to dcliver a community mental health engdgcment seivice. This pi'oject provides tgeted information and guidance to young peoplc on tlie mental health servic&s available to tliem and how to access support. The pi'oject was developed in direct response to local data showing that uptalce of mental healdi services is signifIcantly lower among young people fi'om minoi.ity backgrounds. This work repi'esents an important step in addressing inequalities in access to mental health suppoit. During the year, and in iesponse to ihe ongoing cost-of-living crisis, Ilackney Marsh Partneiship pi"ovided small hdShip grants to 90 local families, made possible tl]rough genei'ous funding fi'om Hackney Giving. Tliis suppoit has helped families meet essential living costs at a tiine of acute financial pttssure aiid has further strengthened oui role as a trusted community anchoi, organisation. Anotlier significant development lias been the continued wowth of East London SomalA Connect, which emerged fi'om our Somali Women's Project and is now operating as an independent organisation. While East London Somali Connect is now a stand-alone body, Ilackney Mai3h PtIl¢1'Ship continues to support its developmeiit through mentoring, paitneiEhip woi'king and fundraising support, helping to ensure the organisation is well equipped to serve the Somali community in the long tenn. Internally. the organisation has also strengthened its financial goveinance. Having successfully recivited a llew Treasurer, Tiustees took the strategic decision to bring accounting fLmctions in- house after many years of being suppoiled by a volunteei accouiitant. This move was deemed necessaiy as we tighten financial conts.ols and sts"enEthen financial manageinent in what remains a challenging funding and economic environment.
HACI<NEI Y MARSH PARTNERSHIP Coinpaiiy Registt'alion Nuniber- 03282796 Trustees, Annual Report for the year ended 31 March 2025 Taken together, these achievements i'eflect tbe dedication, resÈlience and adaptability of the organisation, Tiwstees and staff team. Tlwough continued partnei3hip working, targeted investment and a clear focus on community need, Hackney Marsh Paitneiship Ilas continued to delivei" meaniiigful iinpact for young people, families and cominunities across Hackney. Tlie differeiice iiiftde ¢0 ihe beiieficiaries aiid ivider society During ilie year, Hacl(ney Mah Partiiership ¢ontinued to operate witliin one of the inost deprived parts of the borough, with the local ai-ea sitting within the lowest deciles nationally for depi'ivation. Tliis context continues to shape bolh the scale and natui'e of demand for Qui- services, pai-ticularly as the cost-of-living crisis lias continued to dispropoitioiiately affect the i'esidents we sei-ve. In response to these pressures, demand foi. our advice service has reinained exceptionalEy high, with increased levels of debt, rent aears, housing instabllity and employment insecurity pi'esenting daily challenges foi. Inany households. Alongside ihis, we secured funding duiing the yeai- that enabled us to pi'ovide direct fmancial support to local iesidents. Tkn'ough this suppoit, 90 families received small hai-dship grants to hekp with essenlial living costs, offering iminediale i'elief at a lime of acute financial pi'essui'e. Suppoiting the wellbeing and development of yoiing people has reiiiained ccntt.al to oui. work thi"ougliout the year. Attendance aci'oss both youth hubs has continued to grow, reflecting the importance of twsted, accessible youth pi'ovision within the coinmunity. The hubs have also illCA'easingly taken on a widei cominunity role. extending provision beyond young people to adults and fainilies thi'ough initiatives such as food dists'ibution and conununity-led events. This widei. use of the hubs has helped to strengthen neighbourbood connections, reduce isoLation and build a sti'onger sense of com]nunity cohesion. Ow" advice seLvice has continued to play a vital role in suppoiting iEsidents to adth'ess often complex aiid interlinked issu&s including debi, rent an'eai's, welfai'e benefIts, housing insecurity and employment conceins. For many beneficiaries, access to timely advice has prevented escalation into ciisis and enabled people to stabilise tl)eTr situations. Dwing the yeai., we also launched oui. new mental health coinmunity engagement work foi" young people, funded tlu'ough Compass Wellbeing. This project has beeii well i'eceived by young people across the boi'oiigh, helping to break down bTICi.S, impi'ove understanding of available seiceS and inci'ease confidence in accessing mental health support, Eai'ly feedback indicates that this woi'k is helping to addi'ess lotlg-standing inequalities in mcnldl health awai'eness and seivice uptalce among yoiing people froin minority back.oUnds. Taken together, these combined interventions continue to make a tangible diffeiEnce not onEy to individual beneficiaries but also to the wider community, helping to improve wellbeing, resilAence and social cohesion in an 'ca facing persistent economic and social challenges. Hoiv ¢he acliieveiiienls diiriiig the year Jiieasllre up lo the objeclives sel. The Chlty eitbei" sets or is contracted to deliver specific outcomes. Youth outcomesloutpiils in line with the previous year and once again outperfornied expectations. Advice outcomes in line with contracted outcomes. STRUCTURE, GOVERNANCE AND MANAGEMENT The iiietliods iised to i'ecriiit and appoiiit new chdrity irilsle. Tiiistees ale appointed to the Management Committee at the AGM according to the teiins of the company's Memoi"andum 2nd Aiticles of Association wliich allow for:
HACKNEY MARSH PARTNERSIItp Coiiipaiiy Registi'ation Number- 03282796 Trustees, Alliiual Report foi. the year ended 31 Mai'ch 2025 a) Not moi"e than individual and group membei"s to be elected at the AGM b) The teatn rector of the Paiish of Hackney Mai-sh if helshe is williiig to serve, oi. else another licensed clergy member of the paiish. c) A chiii'chwai"den or deputy chui'chwarden of the pai'ish, elected by and fi'om the chiirchwai"dens. d) One i'epresentative from each of th&8e pl'ojects is CuClitIY being by the company. The manageinent committee can co-opt additional meinbers, subject to a maxiinum of 5 in any one yeai,. Such ineinbei3 will tlien hold office until the next AGM at wbich they will be eligible foi. re- election. Tlie cliai'ity's orgoiiisfilioiial s¢i'iicliire. Tlie CEO and trustees of the ehai.ity meet regulai'ly to manage its affairs. The Chief Executive of Hackney Mai'sh Ptne1'Shlp inanages tlie day to day adininists'ation of tlie chai'ity, Tlie ciii'leiit staff roles below carLy Out day to day activities Chief Executive Officer Accountant (Volunteer) Accountant (part time) Youth Pi.0.an1me Managei. Centt'e Maiiagers (x3 including jobshare) Youth Worliei's (x15) Office and Facilities Maiiager (Pait Time) Facilities Staff (Cleaners, Security, Caretakers)(x3) Advisoi. (0.8 FTE) Project Managei. Mental Health (0.6FTE) How the cliai'ity iftakes d£cisioiis and lioiv decisioiis are delegated. Day to day operational and financial decisions are made by the CEO. The CF.0 I'eceives suppoi"t fi'om the Boaid of Trustees. I"rustees meet wilh tlic CEO cveiy 6 weeks. TIStee8 work with the CEO to agree forward niediiim and long-teiin strategies. CEO and Maiiogéiiieiil Teaiii Senioi. management within the charity consist of Gaiy Burgess CEO and Joyclen Bi'odie Mends the Youth PL'ogtwt)me Managei. Selliiigpay aiid i'eniiineralion of key nianageiiieiilpersoiiiiel lcey Management Personnel comprised of the Trustees, the Chief Executive Officer and Youth P).0.8Mme Manager. Tiustees are not lEmun.atCd in their capacity as a Trustee. The remunei'ation of the staff is deterniined by the Trustees annually and nonnally llicIEased in accordance with average earnings, considering sector parameters and benchmaiks and funding available.
HACKNEY MARSH PARTNERSHIP Con)pany Regisliation Number- 03282796 Ti"llstees' Aniiual Report for the year ended 31 March 2025 Hackney Marsh Paitnership pay a minimum of the London Living Wage. FINANCIAL REVIEW Tlie cliai'ity'sfiiiftiieialpositioii at tlte eiid of tlieyear elided 31 Mai'ch 2025 rhe fInancial position of the chai'ity at 31 mai.ch 2025 and comp.8t1veS foi" the prioi peiiod. as inoi'e llY detailed in tbe accounts, can be summai'ised as follows:_ FINANCIAL REVIEW 2025 2024 Net Incomel(Expendlture) {13,376) (27,295) Unrestrlcted R6v6nue fvnds available for the general purpose of charity 230,506 219,042 Restrlcted Revenue fund Total Funds 217,130 191747 Fiiiaiicial revieFV of ilieposilioii al Ilie repoi'ling dale, 31 Mairli 2025 . The Stateinent of Financial Activities shows net outgoing resources for the yeai. of a revenue natui'e of £ 13,376 (prior year 27.295). Tlie total reserves at the yeai-end stand at £217,130, (pi"ior year £191,747). FIEe unrestricted liquid r&8eives amounted to £ 217,130 (prior yeai. £191,747). The trLiStccs consider the fmancial perforn]ance by the ch&ity during the year to have been satisfactory. Policies oil reserves. The tswstees appi'eciate the need for strong i'1¢ funds but i"ecognise the difficulties of achieving this in the CUiTent fut)ding envÉi'onment, paiticulai-ly in the light of Ibe modular approach to pioject work and the fact that inost funding is restricted. The Trustees have managed to create a i"eseive fund based on three months, funding of operating costs and intend to continue to mailltain a similar reserve in tlie future. Risks aiid ullcei'laintiesfaciiig Ih£ charity. The piincipal risks facing Hacl(ney Marsh PaTtnership continue to be financial in nature and al'e closely linked to the widei economic climate.
HACKNEY MARSH PARTNERSHIP Company Regists'ation Number - 03282796 Trustees, Annual Report foi. the year ended 31 Mai'cli 2025 The ongoing cost-of-living ciisis has continued to inipact negatively on income geneiated tlrougb Ihe public hiie of our function spaces. Although comniunity bookings liave impiDved slightly during the yeai, levels of uest11cted income remain below pi'e-pandemic levels 2nd continue to pi'esent a Lisk to overall financial resilience. Similarly, income from office space hire has been affected. Office space is available foi. hiie to voluntary sectoi. organisations that are themselves facing inteiise financial pressure due to iising costs and increased competition foi" limited funding. DuLinE the financial yeai, the organisation lost two long-teirn office hii"ei's and, to date, has replaced only one. This has i"educed uni'estiicted income and continues to pi'esent a medium-tenn financial iisk. The oi'ganisation was pleased to secure the continuation of the Yoiith Ilub contract following a competitive tender pi'ocess in Q3 2024. Howevei., the ndIlig level attached to the contract11&8 iem2ined static despite significant incitases in staffmg, u(ility and opeiating costs. As a result, the Board and Chief Executive will continue to piioritise securing addiuonal funding to suppoit ld suppleinent coit youth deliveiy costs. Moi"e broadly, the cliai.ity has now operated at a deficit for tlie past three consecutive fiiiancial yeai's. Building iiiaintenance and pi'emises-related costs bave risen considerably since the pandemic, fui-thei. inci'easing pressui'e on unresti-icted reserves, As a result, the Tiustees have identified the secuiing of sustainable COTe fundiiig as thc 01-ganisation's liighest sts2tegic pi'iority foi. the year ahead in order to stabilise finances and pi'otect essential seivices. Prliicipalfiiiidiiig soiirees The chaiity's youth woi'k is fLmded through the London Borough of Hackney's Youth Seivices. (Young Hackney) The Advice service is funded by Public Health (Hackney) and Hackney Parocliial Charity Cycle Club funded by Sanctuaiy Housing Mental I-Iealth Project is funded via Compass Wellbeing Hackney Marsli Partnership is extremely grateful for the support of all oui. ftthders. PLANS FOR THE VUTURE Siiiiiiiiaiy ofplansfor tliefiiliire aiid ihe Iriislees'perspeclive of thefiiliire dii'eclioii of Ihe cliai'ity. As the charity looks ahead, Tivslces rcrnain confident in the strengtli, relevance and impact of Hackney Marsli Pai'lnership's services. All core services are continuing successfully and remain in high demand. Howevei", the principal challenge facing tlie organisatioii is the increasing difficulty of delivei'ing these SeICeS within budget, as funding levels have not kept pace with inflation, rising staffillg costs and significantly incteased building and maintenance costs. The Tiwstees iycolIse that den]and foi advice, yovtb services and community SUPPOIt will remain high for the foj'eseeable future. As suc14 a key piiority for the year ahead is to continue to actively fundi'aise to both piotect existing seivices and, where possible, expand provision in response to need. Particulai. focus will be placed on increasing the capacity of the advice service, which i'einains Ulldei. sustained pressure due to ongoing cost-of-living impacts on local residents. Youth pi'OVAsion iemains ccntial to the cbarity's mission. While the Youth Hub contract piovldes essential stability, funding Icve&s remaln unchanged despite i"ising deliveiy costs. TteeS and senioi. management will continue to seek additÈonal funding to supplement this contiact in oidei. to pi"otect staffing capacity, maintain quality and strengthen wellbeing and eai'ly intervention support foi. young people. Mental health iemains a growing area of concelll for children, young people and adults alike. Building on the success of recent mental health engagement work and workshops delivei.ed in
HACKNEY MARSH PARTNERSHtp Company Registration Nuinber- 03282796 Trustees, Annual Report for the year end d 31 March 2025 partnei.ship with NHS and weIlbeing partners, the Cbai'ity will continue to seek thnding to embed this woi'lc as a longer-terni strand of delivery across its services. Tiustees also recognise the inci"easing impoltance of um'estricted inconie and coi"e funding to ensure long-teiin sustaillabilily. As a i'esult. securing sustainable col-e costs ndIng Eias been identified as a strategic pi'ioi'ity, alongside efforts to iinpi'ove earned income and diveiEify tiding 8ouI'ces. Partnei3hip working will continue lo uiideipin tU1 delivery. By sti'englhening relationshii)s with local 2uthoi'ities, health partners, voluntary sector orgaJ)isations and community gioups, Hackney mai.sh Partnei'ship will seek to maximise impact, avoid duplicalion and unlock new oppoitunities foi. collaboi'ative funding. Conllnunity engageinent will also remain at the heaitt of future planning, ensui'ing that the voices of reAidents, Yo]g people and fainilies continue to shape the dii'ection of the charity. Ovei?11. while the fInancial climate remains challenging, Tiustees remain Committed to protecting the oi'ganisation's col'e pPOSe, supporting its staff and volunteers, and en8w.ing tliat Hackney Mai'sh I'ai'tne13hip continues to play a central role in strengihening lives and communities across l.I£ickney. 10
HACIEy MARSH PARTNERSHtp Company ReEistratioTh Nuniber- 03282796 Trustees, kninual Repoi't for the year ended 31 Mayeh 2025 STATEMENT OF THE DIRECTORS TRUSTEES'S RESPONSIBILITIES Tlie chai'ity's tnistees are responsible for tlie preparation of the accounts in accoi'dance witli tlie tern of the Companies Act 2006, the chItIeS Act 2011 and tbe Chajities (Accounts and Repoi'ts) Regulations 2008. Notwithstanding the explicit requirement in tl)e extant slatutory regulations, the Charities (Accounls and Reports) Regulations 2008, to prepai"e the financial statenients in accordance with the SORP 2005, in view of the fact that tlie SORP 2005 lias been witlidrawn, the Tiustees detemiiiied to inteipret this responsibility as i-equii'ing thcin to follow cuii'ent best piactice and pi'epare the accounts according to the FRS 102 SORP (Statement of Recoinmended Practice for Accounting and Reporting by Charities) 2015 (as aiknended by ilie Bulletin issued iii Febiuaiy 2016) . lil pai-ticulai., tlie Companies Act 2006 and charity law require the Boai'd ofTrustees to pi'epai'e financial statements foi. eacl) financial yeai. which give a true and fail. view of the state of affaii's of the chaiity as at the end of the financial year and of the suiplus oi. deficit of tlie chai'ity. In piepaiing those financAal statements the Board is requii'ed to:_ o to pi'epare the accounts in accordance with United Kingdom Genei'ally Accepted Accounting P17Ctice (United Kingdom Accounting Standards and applicable law). select suitable accounting policies and apply them consistently; make judgements and estiinates that are reasonable and prudent; pi'epare the financial statements on the going concem basis unless it is inappropiiate to pie8ume that the chai'ity will continue in business. state whether applicable accounting standards and statements of i'ecommended pi'actice bave been followed, subject to any material departures disclosed and explained in the financial statements, The law requires that tbe trustees must not approve the accounts unless they are satisfied that they give a true and fail. view of the state of affairs of the charity and of the surplus or deficit of the chaiity for the year. Tlie TrusteGs "e also iesponsible foi. maintaining adequale accountiiig records which dÉsclose with reasonable accw'acy at any time the financial po.gition oFthe cLiarity and which 'e sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply witb the Coinpanies Act 2006 and comply with Tegulations niade undei. the Charities Act. They al'e also responsible for safeguai'ding tlie assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other in'egulai'ities. The Trustees al'e also responsible for the contents of the Tillstees, ieporL and the statutoiy responsibility of the Independent Exaininer in relation to the Tiwtees, report is liinited to examining the report and ensuring that, on tlie face of the repor¢ there are no rnaterial inconsistencies with the fRguies disclosed in the financial statements. Method of preparation of accounts - Small company provisions The financial statements arc set out on pages 12 to 23. Tlie financial statements have been prepw'ed to impleinent the FRS 102 SOIIP (Statement of Recommended Practice for Accoimting and Reporting by Charities) 2015 (as ameiided by the 11
HACI(NV MARSH PARTNERSHIP Cotnpaiiy Registixtion Niiinbei. _ 03282796 Trustees, Aiinual Repoi't foi. the year ended 31 March 2025 Bulletin issued in February 2019) and in accordance with the Flliancial Reporting Stalldd 102, (effective 1st Januaiy 2016) These fInancial statements have been prepared in acCordl¢C with the PTovisions in Pait 15 of the Coinpanies Act 2006. applicable to companies subject to the sinall companies iegime. This i'epoi't was approved by tl)e board of tNstees on I I 2025. H4 uFc/ Ms Hulith CIaike Directoi. and I'rustee 12
Lutfi Bin Salim Talib CA, CPA , FCCA Berry Kearsely Stockwell Limited 42-44 Bishopsgate, London EC2N 4AH This report was signed on 15-12-2025
HACKNEY MARSH PARTNERSHIP statement of Financial Activities for the year ended 31 March 2025 Unrestricted Restricted Total Funds Tolal Funds Funds Funds 2025 2024 Notes Incomlng resources: Donation5 and legacies Charitable activities Other income 2,985 59,814 398,393 401,378 59.814 10,378 444.824 77,325 5,632 10,378 Total Income 62,799 408,771 471,570 527,781 Expendlture: Charita ble activitles 48,766 436,180 484,946 555,076 Total Expenditure 48,766 436,180 484,946 555,076 Net incomel{expendltur6) for the year. 14,033 {27,409) (13,376) (27,2951 Transfer between funds 11 14.033 Net Movement in Funds (13,376) {13,3761 (27,2951 Reconclliatlon of funds: Funds brought forward 230,506 230.506 219,042 Funds carrled fonvard 230,506 113,3761 217,130 191,747 A separate Statement of Total Recognised Gains and Losses Is not required as this statement Includes all recognised gains and losses. All activities derive from continuing operations The notes attached on pages 16 to 24 form an Integral part of these accounts, 14
HACKNEY MARSH PARTNERSHIP statement of Financial Activities for the year ended 31 March 2025 Analysis of prior year total fund. Unrestricted Restricted Total Funds Total Funds Funds Funds 2024 2023 Incomlng resources: Donations and legacies Charitable activities other income 5,500 71,407 4,874 439.324 5.918 757 444,824 77,325 5,632 474,397 75,060 3,199 Total Income 81.781 445,999 527,781 552,656 Expenditure: Charitable activities 145,044 410,032 555,076 519,601 Total Expenditure 145,044 410,032 555,076 519,601 Net Income/{expenditure) for the year. (63.263) 35,967 (27,2951 33,055 Transfer between funds 35,967 (35,967) Net Movement in Funds 127,2951 127,295) 33,055 Reconciliation of funds: Funds brought forward 219,042 219,042 186,528 Funds carried forward 191,747 191,747 219,583 15
HACKNEY MARSH PARTNERSHIP Company No: 03282796 Balance Sheet as at 31 March 2025 2025 2024 Notes FIXED ASSETS Tangible fixed assets 12 12 CURRENT ASSETS Stock Debtors Cash at bank and in hand 40,124 262,528 43,577 260,995 302,652 304,572 CREDITORS.. amounts falling due within one year 10 (85,522) (112,838) NET CURRENT ASSETS 217,130 191,735 NET ASSETS TOTALS 217,130 191.747 THE FUNDS OF THE CHARITY RestriGted funds Unrestricted funds 12 12 217,130 191,747 217,130 191,747 The dlreclors are satisfied that the company is entilled to exemption from the requirement to obtaln an audlt under section 477 of the Companles Act 2006. The members have not required the company to obtain an audit In accordance with section 476 of the Act. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. The charity is subject to Independent Examination under charity legislation, and the report of the Independent Examiner is on page 9. The financial slalements have been prepared in accordance wilh the provisions In Part 15 of th& Companies Act 2006. applicable to companies subjecl to the small companies regime. Ms Hullth Clarke n44 ki.f . s( Trustee Approved by the board of trustees on 10 2025 The notes attached on pages 16 to 24 form an integral part of these accounts. 16
HACKNEY MARSH PARTNERSHIP Cash flow Statement for the year ended 31 March 2025 2025 2024 Notes Cash flow from operating activities Net cash provided by operating activities 1,533 (40,825) Cash f low from investin2 activities Investment income Purchase of fixed assets Net cash provided by investing activities Change in cash and cash equivalents in the year 1,533 (40,825) Cash and cash equlvalent8 at 1 Aprll 2024 260,995 301,820 Cash and cash equlvalents at 31 March 2025 262,528 260,995 Notes to the cash flow statement reconciliation of net movement in funds to net cash flow from operating activities 2,025 2,024 Net incomellexpenditure) for the year (before investment gains & losses) Depraciation charge Decreasel(Increase) in debtors (Decrease)/increase in creditors 25,384 {30,291) 12 3,453 (27,316) 804 117,324} 5,986 Net cash provided by operating activities 1,533 (40,825) B- Analysis of cash and cash equivalents Cash at bank and in hand 262.528 260,995 Total cash and cash equivalents 262,528 260,995 17
HACKNEY MARSH PARTNERSHIP Notes to the Accounts for the year ended 31 March 2025 1 Accounting policies Basis of preparation and accounting convention The accounts have been prepared on the accruals basis. under the hlstorical 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 the Charity Commission in England & Wales (CCEW) ,effeclive January 2016, (The SORP), and in accordance with all applicable law in Ihe charity's jurisdiclion of registralion. except that the charily has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015 (as amended by the Bulletin issued in February 20161 in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulalions, the Charities {Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice. Golng Concern The charitable 8Ctivities are entirely dependent on continuing grant aid and voluntary donations as well as trading revenues. As a consequence, the going concern basis is dependent on the future flow of these uncertain funding streams. Accordingly. the Trustees have obtained forecasts and, after reviewlng the financial forecasts for future periods lo 31 March 2026, the Trustees are satisfied thal, at the lime of approving the financial slalemenls, it is appropriate to adopt the going concern basls in preparing the financial slatements. Other than these malters, the Trustees are not aware of any material uncertalnties about the charitls abillty to continue as a going concern, Income recognltlon Income, whether from exchange or non exchange transactions, is recognised in the slalement of financlal activities (SOFA) on a receivable basis, when a transaction or other event results In an incre8s8 in the charity's assets or a reduction in Its liabillties and only when the charity has legal entitlement, the Income is probable and can be measured reliably. Income subject lo terms and conditions which must be mel before the charity is enlitled to the resources is not recognised until the conditions have been met. All income Is accounted for gross, before deducting any relaled fees or costs. Accounting for deferred Income and Income recelved in advance Where terms and conditions relating to income have not been met or uncertalnty exisls as to whether the charity can meel any terms or conditions otheiSe within its control, income Is not recognised but is deferred as a liability until il is probable thal the terms or conditions imposed can be met. Recognitlon of Ilablllti8s and expendlture A liability, and the related expenditure, is recognised when a legal or constructlve obligation exists as a result of a past event, 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 measurèd or reliably eslimaled.. Liabilities arising from future funding commitments and constructive obligations. including performance related grants, where the timing or the amount of the future expenditure requirod to settle the obligation are uncertain, give rise to a provision in the accounts, which is rèviewed at the accounting year end. The provision is increased to reflect any increases in liabililies. and is decreased by the ulilisation of any provision wilhin 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. Allocating costs to activities 18
HACKNEY MARSH PARTNERSHIP Notes to the Accounts for the year ended 31 March 2025 Direct costs that are specifically related to an aclivity are allocated to that activity. Shared direcl costs and support costs are apportioned between activities. Volunteers In accordance with the SORP. and in recognition of the dIf[ultIeS 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 trustees value the signlficant contribulion made to the activities of the charity by unpaid volunteers. Tangible flxèd assets Tangible fixed assets are measured at their original cost value. or subsequent revalualion, or if donated, as describ8d above. Cost value includes all costs expended in bringing the asset into its nlended working condition. Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value of estimated useful lives. L8nd & buildings 2% straight line Furnilure & fixlures 200k straight line Office equlpment 330/0 slraight Ilne Debtors Debtors are measured at th81r recoverable amounts at the balance sheet date. Creditors and provlsions All known liabilities al the end of Ihe financial year is induded. Flnanclal Instrumants Includlng cash and bank balances Cash held by the charity is included at the amount actually held and counted at the year end. Bank balances. whether in credit or overdrawn, are shown at the amounts properly reconciled to th8 bank statements. Penslons - deflned contrlbutlon schemes The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordanco wilh the rules of the sch8m8. 2 Llabi1Sty to taxatlon The Truslees consider that the charity satisfies the tests sel oul in Par8graph 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 within 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 that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charily, and is therefore included in the relevant costs in the Slatement of Financial Activities. 3 Wlndlng up or dissolution of the charlty If upon winding up or dissoSution of the charity there remain any assets, after the satisfaction of als debts and liabiliiies, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity. 19
HACKNEY MARSH PARTNERSHIP Notes to the Accounts for the year ended 31 March 2025 4 Donation and Legacies Unrestricted Restricted Total Funds Total Funds Funds Funds 2025 2024 Donation and gift from Individuals Grants from Govt and Public bodies - London Borough of Hackney 362,656 362,656 385,892 Grants and Donation from Non public bodles Citizens Advice Bureau Hackney Clapton Park Other Donors 30,716 30,716 31,154 20,082 2,985 5,021 8,006 Total Donation and Legaclég 2,985 398.393 401,378 474,397 5 Charitable activities - trading Unrestricted Restricted Total Funds Total Funds Funds Funds 2025 2024 Sales- Community hall hire Income - Letting Office 39,843 19,971 39,843 19,971 51,906 24,833 59,814 59,814 76,739 20
HACKNEY MARSH PARTNERSHIP Notes to the Accounts for the year ended 31 March 2025 Charitable activities expendlture Unrestricted Restricted Total Tolal Funds Funds Funds 2025 Funds 2024 6a Dlrect Costs Gross Salary and wages Holiday pay expense Employers Nl Contribulion Defined contrlbution pension costs Programme Activilies Events 71,393 120,412) 1,833 340 246,603 317.996 (20,412) 17,999 3,092 33,379 341 .940 16,166 2,752 28,805 19,190 3,625 41,066 4,574 57,728 294,326 352,054 405,821 6b Charitable activltles - Tradlng 6c Support Costs Premises Expenses Rent and Rates Light heat and Power and Water charges Cleaning and Wasta Management Premises repair and security Property Insurance Admlnlstrative overhead Training, welfare and recrultment Travel and subsistenc8- Staff Volunteers Expenses Telephone, fax and Internel Stationary, printing and postage Subscriptions Accounting and Bookkeeping Other Administrative expenses Bad debt Consultancy fee Bank charges Depreciation 2,288 5,379 2,171 2,448- 3,374 38,105 25,942 3,588 6,033 40,393 31,321 5,759 8,481 3,374 44,154 47,545 5,493 9,088 3,167 12 139 151 619 288 288 219 3,482 3,781 3,518 1.034 9,003 1,243 2,206 170 4,725 5,987 3,688 1,034 18,225 4,964 2,913 3,997 9,222 21,284 6,437 919 6,437 919 2,283 577 12 12 804 44,134 86,660 130,794 147,107 6d Governance cost Independent Examiners fee Legal fee 2.100 2,100 2100 2,100 48,766 2,100 484,946 2,100 555,076 Total Charltable expenses 436,180 21
HACKNEY MARSH PARTNERSHIP Notes to the Accounts for the year ended 31 March 2025 7 STAFF COSTS AND TRUSTEES 2025 2024 Salaries 317.996 3.092 17,999 (20,412) 318,675 341,940 3.625 19,190 Pension costs Social security Holiday pay 364,975 No. The average number of full time employees during the year was: Cha ritable Governance 18 11 23 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 employees recelved emoluments {excluding pension costs) In excess of £60,000 per annum. The charlty operates a defined contribution pension scheme with NEST, the costs of whlch 8re shown above. Any liabilities and assets associated with the scheme are shown under debtors and creditors 8 TANGIBLE FIXED ASSETS Land and Furniture and Bulldlngs Flxtures Office Equipment Total Cost At 1 Aprll 2024 Additions 400,762 9575 410,337 At 31 March 2025 400,762 9575 410,337 Depreclation At 1 April 2024 Provided during year 400. 764 (2) 9,561 14 410,325 12 At 31 March 2025 400.762 9575 410, 337 Net book value At 31 March 2025 (2) 14 12 At 31 March 2024 22
HACKNEY MARSH PARTNERSHIP Notes to the Accounts for the year ended 31 March 2025 DEBTORS 2025 2024 Trade debtors Prepayments and accrued income Other Debtors Accrued Income 30.335 9,745 44 35,892 1,913 3,315 41,119 40,124 10 CREDITORS: amounts falllng due wlthln one year 2024 2023 Accounts payable Accrued expenses Deferred Income PAYE. NI, VAT and othar Taxes Other Creditors 12,720 22,575 43,274 5,128 1,825 11,249 24,479 42,074 6.422 28,614 85,522 112,838 11 ANALYSIS OF FUNDS At 31 Mar 2024 Income Expendlture Funds At 31 Mar transfer 2025 Réstrlcted Funds Youth Programme Advice Progr8mme Community develop Swrts England Restricted - Others 365,330 30,716 (348,071) 17,259 (28,541) 2,175 15,399 (59,568) (44,169) Total Restricted funds 408,771 (436,180) {24,735) Unrestrlcted Fund 191,747 62,799 {48,766) 38.759 191,747 Total funds 191,747 471,570 {484,946} 38,759 217,130 23
HACKNEY MARSH PARTNERSHIP Notes to the Accounts for the year ended 31 March 2025 Prlor year fund Movement At 31 Mar 2024 Funds transfer At31 Mar 2023 Income Expendlture Restricted Funds Youth Programme Advice Programme Community developmonl Restricted - Others 375.587 26,438 39,087 9,762 (363,382) 12,205 (25,988) 450 (19,900) 19,187 {139,420) {129,657} Total Restricted funds 450,874 (548,690) (97,816) Unrestrlcted Fund 186,528 76,907 (6,387) 97,816 219,580 Total funds 191,747 527,781 (555,076) 219,580 Fund dcriptionS Youth Pi'ow'amine,, Commission from London Borough of Hackney io delivei. Youth Services via 2 Iiubs Advice prO.aMine: Funded via London Borougb of Flackney for Hackney Advice Network Community development Funding via Sport England for Kings Park Moving Togethei. Pi'oject 12 ANALYSIS OF NET ASSETS BY FUNDS Unrestricted General Restricted 2025 Total Fixed assets Current assets Current liabilities 12 304,573 (112.838) 302.652 (85,522) Net assets 2025 217,130 191,747 Prior Year Assets by fund Unrestricted General Restrlcted 2024 Total Fixed assets Current assets Current liabilities 12 818 325,616 (106,851 304.573 (112,838) 24
HACKNEY MARSH PARTNERSHIP Notes to the Accounts for the year ended 31 March 2025 Net assels 2024 191.747 219,583 13 OPERATING LEASE COMMITMENTS At 31 March 2025 the charity had future minimum commitmenis in respect of non-cancellabla operating leases as follows Office rent 2024 Other 2024 2025 2025 Not18ler than 1 year Between 1 and 5 years Tolal 25