Registered Charity Number 1079581
Registered Company Number 3573630
High Trees Community Development Trust ( a company limited by guarantee)
Report and Financial Statements
For The Year Ended
31 August 2024
High Trees Community Development Trust Report and accounts Contents
| Page | |
|---|---|
| Charity and Company information | 1 |
| Trustees' Report | 2-4 |
| Independent Auditors' Report | 5-7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Notes To The Accounts | 10-16 |
High Trees Community Development Trust Company Information
High Trees Community Development Trust has charitable status and is a company limited by guarantee and not having a share capital.
Directors
The Directors of the charitable company are its Trustees for the purpose of charity law and throughout this report are collectively referred to as the Trustees. Trustees serving during the year were:
Ewa Pawliczko (Treasurer) Delroy Anthony Corinaldi (Appointed 27 September 2023) Terry Curtis Olusina Taiwo Julie Say Yasmin Shazia (Appointed 27 September 2023)
Senior staff members to whom day-to-day management of the trust is delegated by the trustees .
Anna Coffey Grace English
Auditors
AGP Consulting Q West Brentford TW8 0GP
Bankers
Unity Trust Bank plc 4 Brindley Place Birmingham B1 2JB
Registered office
220 Upper Tulse Hill London SW2 2NS
Company registration number 3573630
Charity registration number 1079581
1
High Trees Community Development Trust for the year ended 31 August 2024
Trustees' Report
Structure, Governance and Management of High Trees Community Development Trust
Governing Document
High Trees Community Development Trust is a registered company limited by guarantee and a registered charity. It has a memorandum and articles document providing the framework for the focus of work.
Recruitment and appointment of Management Committee
The company Directors are also charity trustees for the purpose of charity law and under the company’s articles are known as members of the Management Committee. New trustees are recruited by advertising of vacant positions through local networks in Lambeth and by targeting individuals involved in the Trusts activities who complement the current skills set on the Board, who then fill out an application form and the relevant declarations of interest. Any new trustee appointment is subject to a vote by the board.
Risk Management
High Trees undertakes a bi-annual risk assessment which includes risk associated with buildings, personnel and finances. This is recorded as a matrix which also grades the risk and notes how this risk will be managed. A bi-annual review of the risk assessment is made every other year by the Co-CEOs and presented to the trustees for analysis and agreement. Where appropriate, systems or procedures have been established to mitigate against risks that High Trees faces. Internal control risks are minimised by the implementation of procedures for authorisation of transactions and projects. We also undertake risk assessment and contingency planning for funders in line with their good practice requirements and with partner organisations before starting projects with them.
Organisational Structure and Management
High Trees has a Trustee Board of 6 members at April 2025 who meet bi-monthly as a board, and quarterly as subcommittees, and are responsible for the strategic direction and policy of the charity.
The Co-CEO’s, Anna Coffey and Grace English, co-ordinate the day-to-day work of High Trees on behalf of the trustees. The Co-CEO’s report to the board of trustees. The Co-CEO’s take day-to-day financial and personnel decisions. Recommendations are presented to the board at the bi-monthly board meetings at the end of a CEO report. Decisions made by the trustees include decisions on spend of amounts of money over £50,000, on adopting the accounts, budgets and the strategic plans and policies.
Reserves Policy
High Trees Reserves Policy is to move towards holding reserves of 9 months running costs of the charity. This amount is recalculated each financial year, and as of April 2025 is £1,729,926 (representing Total Costs of £192,214 per month). This money is set aside to guarantee the organisation’s ongoing stability, to ensure that any changes in the funding climate are able to be managed, and to ensure that should funding for certain programmes or projects reach an end High Trees are able to continue to offer provision where appropriate while further funding is sought, only discontinuing much needed services if this proves impossible. We hope to reach this increased milestone in the next 3 financial years. High Trees currently hold an operating reserve of 5.4 months operating costs, and while not at the optimum level we are confident that this provides an adequate level of protection while we move towards our goal of 9 months reserves.
Financial Review
High Trees have ended the year with a net surplus of £199,594 (2023 - £553,371). This does not account for the charge for depreciation in Fixed Asset reserves.The total generated as net surplus adjusted for depeciation as reported in the statement of financial activies is £131,005 (2023 - £484,782). High Trees have generated a smaller surplus this Financial Year compared to previous recent financial years, and this is expected to also be the case for the current financial year (2024 – 2025). This is due to the funding climate becoming increasingly challenging and the organisation is currently having to subsidise some of our core service areas (notably Children, Young People and Families and Community Action) to ensure that wherever possible there is no reduction in service.
High Trees has an operational reserve of £1,338,717 (2023 - £1,139,123) (and a further £480,127 (2023 - £548,716) shown in these accounts representing the value of reserves in relation to the capital refurbishment work undertaken on the High Trees Hub in 2022.
Of the £1,338,717, the Trustees have put aside some as designated funds - £85,000 designated to complete the capital refurbishment of High Trees Hub (in the form of replacing the roof), £60,000 designated for the rebuild of the Adventure Playground at Tulse Hill Adventure Playground (while the intention is that as much as possible of this will be raised via grant funding, we are also ringfencing £60,000 as a contingency should the works run in to unexpected difficulty and generate extra expense) and £150,000 held in reserve for the maintenance of key partnerships. This leaves an available operating reserve of £1,043,717.
2
High Trees Community Development Trust for the year ended 31 August 2024
Trustees' Report
Financial Review (cont'd)
The organisation continues to monitor the situation very closely, and while we continue to be in a financially healthy position, our ability to core fund currently underfunded service areas will always need to be balanced with ensuring the overall financial health and stability of the organisation.
Designated Reserves
Reserves include a “restricted Capex Funds” as shown above which represents the value of the reserves related to the funds received and were spent specifically for capital refurbishment, specifically High Trees Hub 2022. This reserves is the recorded ongoing value of the capital refurbishment work and does not represent funds avialable in reserves as a cash amount available for the charity to spend.
To ensure ongoing financial stability and good practice, £145,000 included in the unrestricted funds held has been designated by the Trustees to meet the cost of capital works of High Trees Community Buildings and £150,000 has been designated by the Trustees for the stability and maintenance of key partnerships, full details are given above. This gives unrestricted funds of £957,575 available, after the deduction of these designated amounts and the value of the restricted Capex Funds.
Mission Statement
Connecting with people and communities to strengthen skills and build stronger voices.
Our Values are:
Collaborative Inclusive Responsive Supportive Rooted
Objectives and Activities
The summary of objects as set out in the High Trees Memorandum of Association is as follows:
to relieve persons who are in conditions of need, hardship or distress by reason of their social and economic circumstances;
to reduce social exclusion;
to promote the advancement of education and learning, including training in skills relevant to securing employment;
to advance public education and involvement in the arts;
to provide facilities for public recreation or other leisure time occupation in the interests of social welfare with the object of improving their conditions of life;
to promote such other charitable purposes for the general benefit of the public resident in Lambeth and the Greater London Area
Services throughout the year
High Trees produces an Impact Report each year which gives the full details of our work throughout the year. This can be found at www.high-trees.org/impact
3
High Trees Community Development Trust for the year ended 31 August 2024
Trustees' Report
Trustees' responsibilities in relation to the financial statements
The trustees (who are also the directors for the purposes of company law) are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102, 'The Financial Reporting Standard in the UK and the Republic of Ireland'.
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
select suitable accounting policies and then apply them consistently;
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards have been followed, subject to any material departure disclosed and explained in the financial statements; and
prepared the financial statements on the going concern basis unless it is inappropriate to assume that the company will continue on that basis.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at anytime the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Statement as to disclosure to our auditors
AGP Consulting were appointed as the charity’s auditors at the Trustee Meeting in January 2025.
In so far as the trustees are aware at the time of approving our trustees’ annual report: there is no relevant information, being information needed by the auditor in connection with preparing their report, of which the Trust’s auditor is unaware, and the trustees, having made enquiries of fellow directors and the Trust’s auditor that they ought to have individually taken, have each taken all steps that he/she is obliged to take as a director in order to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information.
This report was approved by the Management Committee and signed on its behalf by:
……………………………………………… Ewa Pawliczko Treasurer 22 May 2025
4
High Trees Community Development Trust Independent Auditors' Report to the trustees of High Trees Community Development Trust
Opinion
We have audited the financial statements of High Trees Community Development Trust (the 'charitable company') for the year ended 31 August 2024 which comprise the Statement of Financial Activities, the Profit and Loss Account, the Balance Sheet and the notes to the financial statements including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
-
give a true and fair view of the state of the charitable company's affairs as at 31 August 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
5
High Trees Community Development Trust Independent Auditors' Report to the trustees of High Trees Community Development Trust
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:
-
the information given in the financial statements is inconsistent in any material respect with the Trustees' report; or
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sufficient accounting records have not been kept; or
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the financial statements are not in agreement with the accounting records; or
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we have not received all the information and explanations we require for our audit
Responsibilities of Trustees
As explained more fully in the statement of Trustees' responsibilities, the Trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the Charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to cease operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.
We gained an understanding of the legal and regulatory framework applicable to the Charity and the industry in which it operates, drawing on our sector experience and considered the risk of acts by the Charity that could be contrary to these laws and regulations, including fraud. We focused on laws and regulations that could give rise to a material misstatement in the financial statements, including but not limited to, the Charity Commission, and other relevant laws and regulations.
We made enquiries of trustees, with regards to compliance with the above laws and regulations and corroborated any necessary evidence to relevant information, for example, minutes of the trustee meetings. legal reports provided to the Charity and correspondence between the Charity and its solicitors. Audit procedure performed by the engagement team included:
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Discussion with management, including consideration of known or suspected instances of noncompliance with laws and regulations and fraud;
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Review of financial statement disclosures to underlying supporting documentation;
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Challenging assumptions and judgements made by trustees in their significant accounting estimates;
6
High Trees Community Development Trust Independent Auditors' Report to the trustees of High Trees Community Development Trust
Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Other matters
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (as amended) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
This has been done in order for the financial statements to provide a true and fair view in accordance with current Generally Accepted Accounting Practice.
Use of our report
This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Signed by F Ahmed, as senior statutory auditor on behalf of AGP Consulting Chartered Accountants Registered auditors Q West Brentford TW8 0GP
The date upon which our opinion is expressed is :- 22 May 2025
AGP Consulting is eligible for appointment as auditor of the Charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.
7
High Trees Community Development Trust Statement of Financial Activities for the year ended 31 August 2024
| Notes Incoming resources Voluntary Income 3 & 4 Income from Charitable Activities 5 Investment Income Total incoming resources £ Resources expended Costs of Generating Funds Expenditure on Charitable Activities Depreciation charge on property Governance Total resources expended 6&7 Net movement in funds Reconciliation of funds Total funds brought forward Total Funds carried forward £ |
Unrestricted Restricted Restricted Total Last Year Funds Funds Capex Funds Funds Total Funds 2024 2024 2024 2024 2023 As Restated £ £ £ £ £ 907,525 1,202,389 2,109,914 2,501,466 25,287 - 25,287 39,823 13,879 13,879 3,007 |
|---|---|
946,691 1,202,389 - 2,149,080 2,544,296 |
|
| 28,000 - - 28,000 28,000 713,959 1,202,389 - 1,916,348 1,959,412 - - 68,589 68,589 68,589 5,138 - - 5,138 3,513 |
|
| 747,097 1,202,389 68,589 2,018,075 2,059,514 |
|
| 199,594 - (68,589) 131,005 484,782 1,052,981 86,142 548,716 1,687,839 1,203,057 |
|
1,252,575 86,142 480,127 1,818,844 1,687,839 |
Designated Funds
To note that the “restricted Capex Funds” as shown above represents the ongoing value of the capital refurbishment work undertaken on the High Trees Hub in 2022 rather than a cash amount available for the charity to spend.
To ensure ongoing financial stability and good practice, £145,000 included in the unrestricted funds held has been designated by the Trustees to meet the cost of capital works of High Trees Community Buildings and £150,000 has been designated by the Trustees for the stability and maintenance of key partnerships.. This gives unrestriced funds available of £957,575.
The statement of financial activities includes all gains and losses recognised in the year All activities derive from continuing operations
The notes on pages 10 to 16 form an integral part of these accounts.
8
High Trees Community Development Trust Company Number - 3573630 Balance Sheet as at 31 August 2024
| Notes | 2024 | 2023 | |||
|---|---|---|---|---|---|
| As restated | |||||
| £ | £ | ||||
| The assets and liabilities of the charity : | |||||
| Fixed assets | |||||
| Tangible assets | 10 | 483,432 | 551,348 | ||
| Current assets | |||||
| Debtors | 11 | 133,067 | 82,724 | ||
| Cash at bank and in hand | 1,718,034 | 1,817,833 | |||
| Total current assets | 1,851,101 | 1,900,557 | |||
| Creditors : | |||||
| Amounts due within one year | 12 | (515,689) | (764,066) | ||
| Net Current Assets | 1,335,412 | 1,136,491 | |||
| Total assets less current liabilities | £ | 1,818,844 | £ | 1,687,839 | |
| The funds of the charity : | |||||
| Unrestricted income funds | 1,252,575 | 1,052,981 | |||
| Restricted income funds | |||||
| Restricted revenue accumulated funds | 86,142 | 86,142 | |||
| Restricted capital expenditure reserves | 480,127 | 548,716 | |||
| Total charity funds | £ | 1,818,844 | £ | 1,687,839 |
These accounts are prepared in accordance with the special provisions of Part 15 of the Companies Act relating to small companies and constitute the annual accounts required by the Companeis Act 2006 and are for the circulation to members of the company.
The notes on pages 10 to 16 form an integral part of these accounts.
Ewa Pawliczko Approved by the trustees on 22 May 2025
The notes on pages 10 to 16 form an integral part of these accounts.
9
High Trees Community Development Trust Notes to the Accounts for the year ended 31 August 2024
1 Accounting policies Basis of preparation of the accounts
The financial statements have been prepared under the historical cost convention, as modified by the valuation of investments at market value, in accordance with the Statement of Recommended Practice “Accounting and Reporting by Charities” (SORP 2005) and the Companies Act 2006 and in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) effective 1 January 2015. The company constitutes a public benefit entity as defined by FRS 102.
The trustees have taken advantage of the exemption in Financial Reporting Standard No 1 (revised) from including a cash flow statement in the financial statements on the grounds that the charity is small
Change in basis of accounting
There has been no change to the accounting policies (valuation rules and methods of accounting) since last year.
Incoming Resources
Incoming resources are included in the SOFA when the charity becomes entitled to the resources, the Trustees are virtually certain they will receive the resources and the monetary value can be measured with sufficient certainty.
Where incoming resources have related expenditure (as with fundraising for contract income), the incoming resources and related expenditure are stated gross in the SOFA. Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the funds. The value of any volunteer help received is not included in the accounts, but is described in the Trustee’s annual report. Investment income is included when receivable.
Resources Expended
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. Resources expended include attributable VAT which cannot be recovered.
Charitable expenditure
Costs incurred by the charitable company, in the delivery of its activities and services for its beneficiaries.
Support costs
Include central functions and have been allocated to activity cost categories on a basis consistent with the use of the resources e.g. Staff costs by the time spent and other costs by their usage
Governance costs
Include costs on the preparation and examination of statutory accounts, the costs of Trustee meetings and costs of any legal advice to the Trustees on governance or constitutional matters
Restricted and Unrestricted Funds
The accounts distinguish between restricted and unrestricted funds. Restricted funds are received from donors and are subject to restrictions on the purposes for which they may be used. Unrestricted funds are those where there are no externally imposed restrictions and are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity.
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High Trees Community Development Trust Notes to the Accounts for the year ended 31 August 2024
Tangible Fixed Assets, Depreciation and Amortisation
Individual fixed assets costing £1,000 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a reducing balance basis at an annual rate of 25%.
The refurbishment of the property is written off over the remaining useful life estimated to be 10 years. There is a separate reserve set up to recognise the value of reserves attributable to the property and this reserves is reduced by allocating the depreciation charge in relation to the property.
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due.
Cash at bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Legal status of the Trust
The trust is a company limited by guarantee and has no share capital. The liability of each member in the event of windingup is limited to £1.
Funds belonging to the charity have not been used for the purchase of insurance to protect the charity from loss arising from the neglect or defaults of its trustees, employees or agents, or to indemnify its trustees, employees or agents, against the consequences of any neglect or default on their part.
2 Investment Income
| Investment Income | 2024 | 2023 |
|---|---|---|
| As restated | ||
| £ | £ |
|
| Bank deposit interest received | 13,879 | 3,007 |
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High Trees Community Development Trust Notes to the Accounts for the year ended 31 August 2024
| 3 | Voluntary Income - Grants, Contracts for and Donations (excluding | Voluntary Income - Grants, Contracts for and Donations (excluding | Partnerships) | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| Funds | Funds | 2024 | 2023 |
||
| As restated | |||||
| £ | £ | £ | £ |
||
| Cross Service | |||||
| Bell Foundation | 6,667 | - | 6,667 | - | |
| Berkeley Charitable Foundation - Resilience Fund | 250 | 4,750 | 5,000 | 18,069 | |
| City Bridge Trust - Cost of Living | - | - | - | 4,280 | |
| Guy's and St Thomas' Charity - Impact on Urban Health | 6,794 | 129,086 | 135,880 | 184,683 | |
| Henry Smith Charity - Learner Support | 1,930 | 36,670 | 38,600 | 38,100 | |
| Power to Change Trust | 3,000 | - | 3,000 | 7,000 | |
| Lambeth Council - Warm Spaces | - | - | - | 1,000 | |
| Walcot Foundation Cost of living | - | - | - | 5,000 | |
| Tudor Trust | 1,442 | 27,391 | 28,833 | 45,000 | |
| NLCF - Cost of Living | 3,326 | 63,203 | 66,529 | - | |
| Children, Young People and Families | |||||
| Lambeth - Youth and Play Commissioning | 42,420 | - | 42,420 | 108,580 | |
| BBC Children in Need | 475 | 9,025 | 9,500 | 59,575 | |
| Garfield Weston Foundation | 750 | 14,250 | 15,000 | - | |
| Small Grants & Contract (less than £10k) | 9,766 | - | 9,766 | 15,124 | |
| Education and Training | |||||
| City Bridge Trust | - | - | - | 53,350 | |
| Lambeth Council - Adult Learning | 371,069 | - | 371,069 | 363,346 | |
| Lambeth Council - Public Health | 1,397 | 26,546 | 27,943 | 10,000 | |
| Lambeth Council - Housing | - | - | - | 36,626 | |
| Employment and Careers | |||||
| GLA - Advice in Community Settings | 655 | 12,445 | 13,100 | 29,031 | |
| Henry Smith Charity | 2,679 | 50,904 | 53,583 | 34,584 | |
| Lambeth Council - Youth Hubs | 3,960 | 75,237 | 79,197 | 38,957 | |
| Walcot Foundation | 2,708 | 51,458 | 54,166 | 46,258 | |
| DWP | 39,601 | - | 39,601 | 199 | |
| UK Shared Prosperity Fund | 1,499 | 28,475 | 29,974 | - | |
| Propel (PFA) | 18,538 | - | 18,538 | - | |
| Small Grants & Contract (less than £10k) | - | - | - | 9,260 | |
| Community Action | |||||
| Paul Hamlyn Foundation | 1,667 | 31,666 | 33,333 | - | |
| Trust for London | 2,400 | 45,600 | 48,000 | 60,000 | |
| Walcot Foundation | 1,000 | 19,000 | 20,000 | 10,000 | |
| Core | - | - | - | 14,345 | |
| Individual Donations/Fundraising | 1,248 | - | 1,248 | 295 | |
| 525,241 | 625,706 | 1,150,947 | 1,192,662 |
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High Trees Community Development Trust Notes to the Accounts for the year ended 31 August 2024
4 Voluntary Income - Partnership Funding
High Trees play the role of lead partner in several of our active partnerships, and some of the money received from funders is then paid out directly to our partner organisations. Of the £958,967 ( 2023 - £1,308,804) received, £530,594 (2023 - £619,673) was paid out directly to partner organisations and a further £285,582 (2023 - £353,961) was spent on co-ordinating the partnerships (including employing staff to work across the partnership organisations, High Trees staff coordinating the partnerships, joint training of staff, monitoring and evaluation of the partnerships delivery and capacity building support for smaller partnership organisations). The balance of this funding - £142,791 (2023 - £249,504) - was spent on our own charitable activities directly funded by the partnership grants received.
| Partnership Funding Building Young Brixton City Bridge Trust Greater London Authority Esmee Fairbairn Foundation National Lottery Community Fund Place for All National Lottery Community Fund Lambeth Peer Action Collective Youth Endowment Fund Charitable Trust Young Tulse Hill Greater London Authority - Violence Reduction Unit Lambeth Hubs Lambeth Council UK Research and Innovation (UKRI) Refurbishment grant Total Voluntary Income |
Unrestricted Restricted 2024 2024 Funds Funds 2024 2023 As restated £ £ £ £ 222 4,216 4,438 106,000 352,462 - 352,462 377,316 2,405 45,704 48,109 90,123 25,915 492,393 518,308 317,469 - - - 46,696 - - - 198,329 - - - 62,068 1,280 24,320 25,600 19,315 - 10,050 10,050 5,822 - - - 85,666 |
|---|---|
| 382,284 576,683 958,967 1,308,804 |
|
| 907,525 1,202,389 2,109,914 2,501,466 |
High Trees grant funding works on a full cost recovery model, which is written into all grant application as our overhead costs and equates to approximately 10% of grant budgets. From this allocation High Trees aims to designate half (5% of each grant) to build up organisational reserves, where full cost recovery allows us to do so.
| 5 Income from Charitable Activities Rental Income Paid for Courses Other Income |
Unrestricted Restricted 2024 2024 Funds Funds 2024 2023 As restated £ £ £ £ 22,252 - 22,252 31,102 - - - 5,720 3,035 - 3,035 3,001 |
|---|---|
| 25,287 - 25,287 39,823 |
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High Trees Community Development Trust Notes to the Accounts for the year ended 31 August 2024
6 Analysis of Resources Expended
| Staff costs (Project and delivery) - Payroll costs - Tutor and training costs, staff development and other Misc staff costs Other delivery costs Building costs including repairs and running costs IT, telephones and equipment Awarding bodies, Professional fees, Memberships and subscriptions Depreciation Sundry Overheads Trustee and governance costs Audit fee |
Total Total Funds Funds As restated 2024 2023 £ £ 1,028,930 1,094,055 153,168 149,696 647,386 641,432 79,985 64,199 18,553 21,290 11,728 10,807 69,691 69,467 3,496 5,055 338 13 4,800 3,500 |
|---|---|
| 2,018,075 2,059,514 |
| 7 Analysis of project costs, governance and other support costs Charitable Fundraising activities function £ £ Service and Running Costs 1,154,098 28,000 Other delivery costs 830,839 - Statutory audit fees Governance - - Trustee and governance costs - - 1,984,937 28,000 8 Analysis of staff costs and trustee remuneration and expenses Delivery and Running costs - Staffing Tutor and trainer costs Staff development and other Misc. staff costs £ Numbers of full time employees or full time equivalents Engaged on charitable activities Allocated on time Pro rata to staff full- time equivalents Basis of apportionment |
7 Analysis of project costs, governance and other support costs Charitable Fundraising activities function £ £ Service and Running Costs 1,154,098 28,000 Other delivery costs 830,839 - Statutory audit fees Governance - - Trustee and governance costs - - 1,984,937 28,000 8 Analysis of staff costs and trustee remuneration and expenses Delivery and Running costs - Staffing Tutor and trainer costs Staff development and other Misc. staff costs £ Numbers of full time employees or full time equivalents Engaged on charitable activities Allocated on time Pro rata to staff full- time equivalents Basis of apportionment |
Governance function Total £ £ - 1,182,098 - 830,839 4,800 4,800 338 338 |
|---|---|---|
| 1,984,937 28,000 |
5,138 2,018,075 |
|
| 2024 2023 As restated £ £ 1,028,930 1,094,055 107,346 98,939 45,822 50,757 |
||
1,182,098 1,243,751 |
||
| 2024 2023 As restated 25 25 |
There were 2 employees with emoluments in excess of £60,000 per annum (2023: 2) Pension costs are allocated to activities in proportion to the related staffing costs incurred.
The charity trustees were not paid or received any benefits from employment with the Trust in the year (2023: £nil) They were reimbursed expenses of £Nil during the year (2023: £Nil) No charity trustee received payment for professional or other services supplied to the charity (2023: £Nil).
9 Corporation Taxation
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
14
High Trees Community Development Trust Notes to the Accounts for the year ended 31 August 2024
10 Tangible fixed assets
| Leasehold Improvements Office Equipment Total As restated £ £ £ Asset cost, valuation or revalued amount At 1 September 2023 685,894 4,680 690,574 Additions in the year - 1,775 1,775 At 31 August 2024 685,894 6,455 692,349 Accumulated depreciation and impairment provisions At 1 September 2023 137,178 2,048 139,226 Depreciation charge for the year 68,589 1,102 69,691 At 31 August 2024 205,767 3,150 208,917 Net book value At 31 August 2024 £ 480,127 3,305 483,432 At 31 August 2023 £ 548,716 2,632 551,348 11 Debtors 2024 2023 As restated £ £ Trade debtors £ 133,067 82,724 12 Creditors: Amounts falling due within one year 2024 2023 As restated £ £ Other creditors and accruals 96,607 52,561 Taxation and social security 21,595 22,239 Deferred income/grants in advance 397,487 689,266 £ 515,689 764,066 |
Leasehold Improvements Office Equipment Total As restated £ £ £ 685,894 4,680 690,574 - 1,775 1,775 |
Leasehold Improvements Office Equipment Total As restated £ £ £ 685,894 4,680 690,574 - 1,775 1,775 |
|---|---|---|
| 685,894 | 6,455 692,349 |
|
| 137,178 68,589 |
2,048 139,226 1,102 69,691 |
|
| 205,767 | 3,150 208,917 |
|
| 3,305 483,432 |
||
| 2,632 551,348 |
||
| 2024 2023 As restated £ £ £ 133,067 82,724 2024 2023 As restated £ £ 96,607 52,561 21,595 22,239 397,487 689,266 £ 515,689 764,066 |
2024 2023 As restated £ £ |
13 Analysis of net assets between funds
| Tangible fixed assets Cash at bank and in hand Other current assets Other current liabilities Total |
General Restricted Restricted Funds Funds Capex Funds Total As restated £ £ £ £ 3,305 - 480,127 483,432 1,412,320 305,714 - 1,718,034 40,509 92,558 - 133,067 (203,559) (312,130) - (515,689) |
|---|---|
| 1,252,575 86,142 480,127 1,818,844 |
14 Capital commitments and related party transactions
The company had capital commitments of nil as at 31 August 2023 (2023 - nil). There were no related party transactions during the year (2023 - None)
15 Post-balance sheet events
There were no events after the date of the balance sheet that the Trustees consider should be disclosed in these accounts.
15
High Trees Community Development Trust Notes to the Accounts for the year ended 31 August 2024
16 Prior Year adjustments
In the Year 2022 the charity incurred capital expenditure on the leasehold premises, to recognise the long term nature of this, the income in relation to this was deferred by recording a liability as a deferred grant. However the recognition of a liability was an incorrect as there were no conditions related to the grant. To account for this correctly the fixed asset had been recorded as it was, but to recognise the value of the asset a separate reserve for fixed asset has been set up. This was recorded in 2022 with a value of £620,271 which was further added to amounting to £85,666 in the year 2023 and was shown as additional expenditure, in Note 7, which was incorrect.
The depreciation charge was also found to be insufficient amounting to £2,500 for the years 2022 and 2023, this was corrected and charge put through in 2022 opening reserves and a charge in 2023 of £68,589 for each year and the previous year a depreciation charge has been recorded writing off the asset value of over 10 years which was deemed to be the useful life.
At the opening position of 2023, the reserves included one year of depreciation charge already recorded. The effect on the balance sheet as at 2023 was to increase the net asset position from £1,116,580 to £1,687,839. The opening reserves at 2022 changed from £651,375 to £1,203,057. The surplus reported for 2023 was restated to £487,482 compared to £465,205 as previously reported.
16