NORTH LONDON PARTNERSHIP CONSORTIUM LIMITED REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAFI ENDED 31 MARCH 2024 NORTH LONDON PARTNERSHIP CONSORTIUM LTD Synergy Consultancy Group Chartered Tax Advisors & Accountants 85 Great Porlland Street London W1W 7LT
NORTH LONDON PARTNERSHIP CONSORTIUM LIMITED EPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ONTENT Page Charity information Report ol thè Examiner8 Report of the Trustees Summary Income & Expenditure Account Balance Sheet Notes to Ihg Accounts Detailed In¢ome & Expendlture Ac¢ounl
NORTH LONDON PARTNERSHIP CONSORTIUM LIMITED CHARITY INFORMATION FOR THE YEAFI ENDED 31 MARGH 2024 Trustoes A Reid P Rwezahura M Chendu S Kambou Comp8ny Secrotary P Rw82ahura Company Rgglstrallon Number. 4762007 IEngland and Wales) Charlty Flegl8tratlon Number. 1113181 Regl8tered Off Ico.. 177 P8rk Lan8 Tollgnham Lonrjon N170HR Accountanlfj Synergy Consultancy Group Chartered Tax Advisors & Accounlanls 85 Great Porlland Street London W1W 7LT
NORTH LONDON PARTNERSHIP CONSORTIUM LIMITED FIEPORT OF THE EXAMINERS TO THE MANAGEMENT COMMlftEE FOR THE YEAR ENDED 31 MARCH 2024 Report of the Ac¢ountant$ to the Management Commlttee We have 8xamlned the accounts on pages 5 - 8 whleh have been prepared under the hlslorl¢al cosl convention and the attcounilng pollcies 8el out on page 6. Re8POCtlve re8pon8lbllltl89 ol Management Commlttee and Reportlng Accountant8 As d8scribed on page 2, th8 charity's Iruslees are responslble lor Ihe preparallon ol the charlV8 accounts. 11 is our re8ponsibillty lo form an independent oplnlon, based on our examination. on those slatgments and to report our oplnlon lo you. Oplnlon In our opinion the accoun18 glve a true and lair view ol the slate ol the charlty's affairs as al 31 March 2024 and ol ils income and exp8ndilLJre for tho year then ended and have been properly prepar8d in accordance with the provlslons ol the Charlllos Act 1993 as enacted. Slgnalure Date.. 29.Dec.24 Synergy Con5u118ncy Group Charter@d Tax and Accountancy Advlsors
NORTH LONDON PARTNERSHIP CONSORTIUM LIMITED TRUSTEES REPORT FOFI THE YEAFI ENDED 31 MARCH 2024 Th8 Trustees, who are also directors ol the charlty for the purposes ol Companies Act 1985, present their report lugelher with financial slalemenls for the yoar end8d 31 March 2024. The Irusleg5 have alsL) adopted the provlslons ol th8 Slalomenl ol R8commended Pracilc8 ISORPI 'A¢counling and Reporling by charl10$, Issued In March 2005. Stru¢tur8, Governance and Manag?rnont The organlsallon Is a charitable company limited by gu8ran188, Incorporated on 13 May 2003 and registered as a charity on 7 March 2006, ThB Company was eslabllshed undBr a M6morandum ol Assoclalion which eslablished the objeels and powers ol the charllable cornpany and is governed under Ils Artlcles ol AssoclalSon. In the event ol thè company belnu wound up, the members are requlred lo conlTlbut8 an amount not exceeding £1, Organ188tlonal Slru¢tur• North London Parlnershlp Consortlum has a Managemenl Commllleo ol up lo B Members who meet bl- monthly and are r8sponsible lor the slral8glc dlrecllon and pollcy ol th8 charlly, At present, the Committee has 5 membgrs from a vari81y of prolesslonal backgrounds relevant lo the work ol tho charity. Obl¢¢llv08 and Actlvltle8 The mabn aclivliles of the charlteble company are lo provlde a consorlium ol Black Mlnorlty Elhnlc led, voluntary and community organSsallons, In parlngrsh5p wllh slalulory aulhorlll8s, off8rSno a range of .servlces lo Ikjrlher the socbal and economlc welfare of Black and Ethnic Gommunilles, Including refugees and asylum seekers Ilvlng In Haringey and elsewhere In the UK In order lo.. 1. Promote the Mlnorlty Eihnlc Voluntary Sector In Haflngey and elsewhere in IhB UK for the beTretit of Ihe publlc, 2, Develop the capaclly and skllls ol the members ol tha soclally and economlcally disadvanlag8d minorlly elhnlc community, Includlng refugeos and asylum seekers,1Svlng in Haringoy and elsewhere In UK In such a way that they ar@ beller able lo Idenllty and help meet Ihelr needs and lo participate more lully In soclely. 3. Promote equallty and dlverslty for the publlc In parlleular In Harlnggy and North London Boroughs. Sto1•rnont of Tru8teo8 Regpon81bllltlo1 Th& Charllles Act 1993 Ilhe Acll requir05 the Iruslees lo prepare a slalemgnl of accounts for each linanc5al year whlch glve a true and lalr view of the slate ol affalrs ol the charity al tho end ol the Ilnan¢lal ygar and ol the rosourcBS of the ch8rily tor the perlod. In preparlng thosè accounts, the Iruslees are expected lo., select sultable accounting policies and apply them consistently., make judgments and estimates that are reasonable and prudent., stale whether applicable accounting standards and slalements of recommended practice have been followed. sublecl to any malerSal departures disclosed and explalned In the slalemenl of accounts., and prepare the accounts on the golng concern basis unle8S It18 Inappropriate lo presume that the charlty wlll conlinue11s operation.
NORTH LONDON PARTNERSHIP CONSORTIUM LIMITED TFIUSTEES REPORT ICONT.) FOR THE YEAR ENDED 31 MAFICH 2024 The Irusloes aro responsible for keeping proper accounting records whlch dlsclose with reasonable accuracy al any lime, the financial poslllon ol the charity and lo 8nable them lo ensure that the accounts comply wllh the regulation under S42 01 the Charllies Act 1993. They are also responslble for safeguarding the assets of the charlty and hence for taking reasonable steps Iof tho prevention and detection ol error, fraud and other irregularSlles. Th8 Iruslees conslder that an audll Is not requlred for Ihls year under secllon 43121 of the Charlllos Act 1993 and that an Independent examlnalion is needed. On behalf ol the Trustee8 Prlnled name Poslllon Slgnalure Dale: 29-Dec.24
NORTH LONDON PARTNERSHIP CONSORTIUM LIMITED SUMMARISED INCOME & EXPENDITuf4E STATEMENT FOR TF4E YEAFI ENDEO 31 MAFICH 2024 2024 Total Unreslrlcled Reslricled Total Note$ INCOMING RESOURCES Charitable Funds - Grants, etc Total Incoming Resources 19,325 19,325 437,137 437,137 437,137 4b6,462 915,235 915,235 RESOURCES EXPENDED Governanc8 Crjsls,. Overhead Cos18 4,640 441.843 4,640 456,718 6,175 796,084 14,873 Total Resources Expended 446,484 461,357 804,259 Net Inoomlngl{Outgolngl Fle•ource8 4,453 19,247) 4,8941 110,976 Total lunds brouuhl forward 256,145 25E,145 145,169 Total funds carrled forward 4,453 46,798 251,251 256,145
NORTH LONDON PARTNERSHIP CONSORTIUM LIMITED gALANcf SH&ET AS AT 31 MAFICH 2024 NOTE FIX£DASSErs TAnglble A556lS 11,576 16,778 CVFAENT ASSETS Asse18 h&ld Dn loa Auats hel(J on consignmont e4a•h 8188nk & In H4nd 2Jr2,000 115,6QA ?94 256 ieJ,704 354 1155 T?1.8110 5fi0,312 ¢URFIEMT LIABILITIE$ Arnounl 18iiing du8 wlhln one y8llF Asiels hgld on con81oivnenl Oiiivi lothnj rurd expgro$s 1,325 115,804 ?52,000 IbJ,ic)4 230,243 NON CURREWT LIABILITIES Elorik loan JnLS overdrall 20,41S Sl,063 NET CUFIRENT ASSETS 270,Y38 330,070 TofAL AS8ETS LE$S CUFIRENT LIABIL1£8 262,101 315.182 NET ASSETS 26?,llll J15.18? UIiiBBliicitrd Fufith FUNDS., unro8lr.fQd FuiTrdu A8Jltldod Funds 4,4b3 Zd6,IFJ8 256.140 To1 FuiidJ 315 182 For Ihe ye&r ÈtKJlno 31 M81¢11 2021 Ihe ¢ompony w85 Qnllllod 10 ox0mpiil Iiom iudll unrlol W¢li•n 471 ol I1 Cornpanms Act 20D6. Ihè membor8 hbve not rJ4ulr¢d Ilia coinwy 10 nblain Nri tjijdll In bccofdunct wllh ¥8cllon 476 tsl Ihts A¢1 015. Tho 1)ii¥Llor¥ ¥LkiiowloUgo Ih(41F 1&8poii8lblllly loi romplwiiy with IhB Fequlromenls ol Ihe Acl wlh resp¢ lo &reUnlin9 i$¢oid$ ¥iid loi Iho propyii41ion ol ar•cwnlS. Th•so ar.¢oiini8 hbvo Lon piep8Ted in Aceoid8nco Vhih Ilia prov181ons 8ppllGooie lo ¢oinpBnltrS Sublecl to oompDnlo IBoimo. ON BEHALf OF THE TRU8TEES'. Priniod npm Poslllon SKJnHlurg Oale.. 2g-Qec-24
NORTH LONDON PARTNERSHIP CONSORTIUM LIMITED NOTES TO THE ACGOUNTS FOR THE YEAR ENDED 31 MAHCH 2024 Aceounllng Poll¢l•8 A¢counllng Convontlon Tha accounis havts boon prèpared under Ihe hislorical cost convention, and In Accordance wlh SORP 2 accounling by Charilios. Exemption has been lgken from pieparlng a cashllow Blatemenl on grounds Ihal Ihe eharlly18 a small undertaking. Invomlng R•8ourco Incoming Aesour¢os iepresenl gTanls, awards, donallon$. sell-gengraiod and Inve8lmenl Income due In the y80r. T•nglbh Flx•d A88•1• Tgnglble Fixod A5So19 are slated al cosls less depreciallon. Depreclallon 1$ also provldod al r8108 calculated lo wrile olf the co81 or valuallon ol Ilxgd a85eis, leB8 Ihelr 8811maiooS re81dual value, ov8r Ih8lr eKpa¢ied usolul Ilves. Gr•nlB Ind Award8 UnroBlrlcied Resirleied Toial Tolal Harlngey Commtsnliy Gold 2 Harlngoy Comrnunliy Gold YLF Exi Youth Fulure8 Foundallon BFP HC Tlmo lor Chang HHLS 2014.20 The 8rldg8 Ren6wal - Homecookpd BRT HCK Oulrèa¢h Youth Echo DWP-Klcksiar1 Charily Togelher - Tackllng Covid 19 Wellbaing Connect PM Consult 229,524 229,524 178,500 42,205 36.855 17.000 21,981 41.713 31,738 87,500 36,855 17,000 21.081 41.713 31.736 37,500 10,000 333,747 48,178 203,310 13,748 7.080 13,748 7,080 19,325 19,325 99,298 19.325 437,137 458,462 915 235 Cr¢dllor• Banks Loan$ & Ovgrdraft Accru815 Oihgr 108ns 175.604 1.175 252,000 428,779 31,063 1.325 163,704 196.092 Bank Cash ot BBnk & In Hand 294,256 294,256 354,055 S54,055
NORTH LONDON PARTNERSHIP CONSORTIUM LIMITED NOTES TO THE ACCOUNTS ICONT I FOR THE YEAR ENOED 31 MARCH 2024 Furnlluio & riitings Compuior Equipmanl Flxed A$••ts At CO51 Al cosl Cost or valuatlon Al l April 2023 Ad¢YllionB 2,300 27,937 702 30,237 702 Ai 31 M4i¢h 2024 2,300 28,639 30,939 Depr•clatlon Al l April 2023 Chargè lor Ihe year 2,037 283 11,424 4,269 13,481 5,902 Al 31 March 2024 2,300 15.693 19,363 Not Book Valuo Al 31 Mnich 2024 12,946 11,576 Al 31 March 2023 283 16,513 16,778 Tru•t•e•' R•munorallon 8•n•llt• Th8r8 wore no IIu5tee8' iemunfyr&llon8 or bonelils lor the y8gr ènd9d 31 Maich 2024. Sl•tl ¢oJt• 02 Wagvs & Sulorlg boclal Socurily Costs Ponslon cosls 200,021 18,564 9,152 194,018 20,667 6.082 227,737 220,765 Exp•n¥• Allo¢allon Haiiiigey Communlly Gold 2 klaringoy Conimunlly Golc* YLf EKI HHLS 2014.20 PM Consull The Brldgg Renewal - F4om8cooked BR T ICK Oulrg8ch Youth Echo ARC Cuiiure Forward ICT DWP-Klckst8rt NHS ChritIeS Togolher Youlh Futures Found81ion BFP Black Thrive HC Tim• for Changg 99,789 148,1?0 46,0110 77,378 39,861 27,645 11.762 18.461 11,064 4,583 1,B20 10,994 32,489 2,395 8,151 35,737 3.742 174,483 22,499 20,480 4,706 15,077 233,620 583,495
NORTH LONDON PARTNERSHIP CONSORTIUM LIMITED DETAILED INCOME & EXPENDITURE STATEMENT FOR THE YEAFI ENDED 31 MARCH 2024 2024 Unrestrlcted Fl8slricted Total Total INCOMING RESOURCES., Donalions & Grants Total Incoming Resources 19,325 19,325 437,137 437,137 456,462 456,482 915,235 915,235 FIESOURCES EXPENf)ED'. Gov•rn8ncfr Costs: Accountancy Legal and Profsssional Fe8S 1,517 3,123 4,640 1.517 3,123 4,640 1,667 4,508 6,175 Support Cogts; Wages & Salaries Soclal Securily IRS Insurance Telephone Prinling, Postage & Slatlonery Advertlsing Project Delivery Gost8 Travelling Depreclallon Flonl Office Meellngs ICT Subscription & Sundry Exps Pension PM Consult Total Support Expendltur• 200,021 18,564 200,021 18,584 194,016 20,867 1,387 4,77B 4,437 4,082 180 491,122 145 7,559 16,220 1,755 5,598 395 6,082 39,661 798.085 4,273 1,739 1,614 355 190,603 254 4,273 1.739 1,614 355 190.603 254 11,418 1,216 2,395 240 9,152 11,418 1,216 2,395 240 9,152 14,873 456,716 14.873 14,873 441,843 Total R•sources Exp8nded 14,873 446,484 461,357 804,260 Nèt In¢omellExp•ndltur•) 4,453 {9,3471 (4,8941 110,976 Fund5 Brought lorward 256,148 256,146 145,170 Funds CarrSed forward 4,453 246,799 251.252 256,146 This page do88 not forrn part of the slatulory flnancial statements