Hornsey Rise Ltd
Charity No. 1117819
Company No. 05484099
Trustees. Report and Unaudited Accounts
31 March 2024

Hornsey Rise Ltd
Contents
Pages
Trustees, Annual Report
Independent Examiner's Report
Statement of Financial Activities
2to6
7t07
8t08
Summary Income and Expenditure Account
Balance Sheet
9t09
IOtolO
Statement of Cash flows
12to12
Notes to the Accounts
13to19
Detailed Statement of Financial Activities
20to21
Page I

Hornsey Rise Ltd
Trustees Annual Report
Hornsey Rise Ltd
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006,
present their report with the unaudited financial statements of the charity for the year ended 31
March 2024.
REFERENCE AND ADMINISTRATIVE D￿AlL5
Company No. 05484099
Charity No. 1117819
Principal Office
440 Hornsey Road
Islington
London
N19 4EB
Registered Office
CIO CWA
Unit 4, 3rd Floor
Pride Court, 80-82
White Lion Street
NI 9PF
Directors and Trustees
The Directors of the charitable company are its Trustees for the purposes of charity law.
The following Directors and Trustees served during the year..
M.H. Bhuiyan
M.A. Karim
M.A. Rahman
Key Management Personnel
Mohammad A Rahman
Mohammed A Karim
Ali Ahmed Popal
Accountants
CWA Certified Accountants
Unit 4, 3rd Floor
80-82 White Lion Street
London
NI 9PF
Bankers
Barclays Bank PIC
I Churchill Place
London
E14 5HP
Page 2

Hornsey Rise Ltd
Trustees Annual Report
OBJEcfivES AND AcfiviTIES
Objectives The charity's objects are: To further, or benefit, the Islamic community of Islington and the
surrounding boroughs. without distinction otherwise sex. sexual orientation. race or of political. religious or
other opinions by associating together the said community and the local authorities, voluntary and other
organisations in a common effort to advance education. the Islamic religion and to provide facilities in the
interests of social welfare for recreation leisure time occupation with the objective of improving the
conditions of life for the community- In furtherance of these objects but not otherwise, the trustees shall
have the power- To establish or secure the establishment of a community centre and to maintain or manage
or co-operate with any statutory authority in the maintenance and management of such a centre for
activities promoted by the charity in furtherance of the above objects.
ACHIEVEMENTS AND PERFORMANCE
Achievements and performance
We continue to lease 440 Horn5ey Road, N19 4EB, to Holloway Educational and Cultural Centre {HECCI. The
lease was renewed in March 2024. HECC continues to provide activities from the centre to the community in
the interest of public benefit. Activities taking place at the centre include:
Children's Education through the Academy
Daily prayers and circles
Adult classes for Men and Women
Community welfare visits
Season31 activities during Ramadan and Eid festivals
HRL continued to work with partner charities and to support where required. HRL particularly supported
HECC in meeting its charity objectives. In the previous year we supported them with their finance and
administrative management. but they are now successfully managing their finance and administration with
their own banking facility.
Community Outreach Visits
The trustees and charity volunteers regularly visit homes to engage with youth and adults to provide support
and advice to those in need. Our youth volunteers walk the streets engaging with the youth and give advice
to attend our centre and participate in the activities at the centre.
Friday Prayers
Two Friday prayers are held due to demand. An average of 400 community members participate in the two
congregational prayers. At the beginning of the prayers short talks are given to encourage and motivate to
participate in community activities and social causes.
FINANCIAL REVIEW
Page 3

Hornsey Rise Ltd
Trustees Annual Report
A review of the charity's financial position at the year ended 31 March 2024 During the financial year 2024.
the charity recorded income amounting to £47,684 (2023 - £54,333) mainly from unrestricted donations and
rental income from Investment property. The charity remains satisfactory to support its level of expenditure
on the charitable objectives. There are no uncertainties about the charity's ability to continue as a going
concern. i)There were no disclosable related party transactions during the year12024 - none}. iilNone of the
trustees lor any persons connected with them) received any remuneration or benefits from the charity
during the year. One trustee was paid volunteer expenses of £1320. iiilNo money amount was paid to the
independent examiner as they are providing this service pro bono.
Page 4

Hornsey Rise Ltd
Trustees Annual Report
Statement of trustees, responsibilities in relation to the financial statements The charity trustees are
responsible for preparing a trustees, annual report and financial statements in accordance with applicable
law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice).
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at
any time the financial position of the charity and to enable them to ensure that the financial statements
comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the
provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and
hence taking reasonable steps for the prevention and detertion of fraud and other irregularities. Public
Benefit We confirm that in providing the above services and in writing this report, we have had regard to the
guidance issued by the Charity Commission on public benefit. ReSe￿e Policy HRL provides space for other
charities to carry out activities in line with our objectives. There are no employee5 or regular activitie5
needing funding. The trustees recognise the requirement to look into keeping reseNes in the future for
possible future activities that HRL may run. The reserves would ensure as far as possible the sustainability of
the charity s future activities. Risk Management The trustees believe that sound risk management is integral
to both good management and good governance practice. Risk management forms an important part of the
charity s decision making and is incorporated within planning. Risk assessment are to be conducted on all
new activities and projects to ensure they are in line with the charity s objectives and mission. A risk register
covering key strategic risks will be maintained and updated. A detailed risk register is to be drafted and will
be maintained and will regularly review and monitor the effectiveness of its risk management framework and
update it as necessary. Volunteers HRL recognises the contributions of its volunteers who work tirelessly to
serve the local community. Volunteers are requested and recruited as and when necessary, using our
Volunteer Management policy as the guide. Statement of Trustees Responsibilities The Trustees are aware
that 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 Charity and of its incoming resources and application of
resources, including its income and expenditure for that period. In preparing those financial statements, the
directors are required to: select suitable accounting policies and then apply them consistently; observe the
methods and principles of the charities SORP-
make judgments and estimates that are reasonable and prudent; state whether applicable UK Accounting
Standards have been followed, subject to any material departures disclosed and explained in the financial
statements; prepare the financial statements on a going-concern basis unless it is inappropriate to presume
that the company will continue in business. The Trustees are responsible for keeping proper accounting
records which disclose with reasonable accuracy at any time the financial position of the Charity 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 of Information to
Independent Examiner So far as the Trustees are aware, there is no relevant information of which the
charitable company s independent examiners are unaware. and each trustee has taken all the steps that he
or she ought to have taken as a trustee in order to make himself or herself aware of any relevant audit
information and to establish that the charity s auditors are of that information. Method of preparation of
accounts The accounts have been prepared in accordance with the charity s Memorandum and Articles of
Association and comply with the Companies Act 2006 and the Statement of Recommended Practice1SORPI,
Accounting and Reporting by Charities Act 2011. M A Rahman
PLANS FOR FUTURE PERIODS
Page 5

Hornsey Rise Ltd
Trustees Annual Report
Future Plans We are looking into the following as future activities: Better use of the property space. possibly
allowing other charities to operate from the premises. Improve the space to make it more welcoming to
children. women and older people. Secure two community groups or charities to have regular slots to
provide activities and service to support the local community. Look to open a food bank as the need and
request for it is increasing.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Page 6

Hornsey Rise Ltd
Trustees Annual Report
Statement of trustees, responsibilities in relation to the financial statements
The charity trustees are responsible for preparing a trustees, annual report and financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted Accounting Practice}. The trustees are responsible for keeping proper accounting records that
disclose with reasonable accuracy at any time the financial position of the charity and to enable them to
ensure that the financial statements comply with the Charities Act 2011, the applicable Charities IAccounts
and Reports) Regulations. and the provisions of the Trust deed. The Trustees are also responsible for
safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of
fraud and other irregularities.
Public Benefit
We confirm that in providing the above services and in writing this report, we have had regard to the
guidance issued by the Charity Commission on public benefit.
Reserve Policy
HRL provides space for other charities to carry out activities in line with our objectives. There are no
employees or regular activities needing funding. The trustees recognise the requirement to look into keeping
reserves in the future for possible future activities that HRL may run. The reserves would ensure as far as
possible the sustainability of the charity's future activities.
Risk Management
The trustees believe that sound risk management is integral to both good management and good governance
practice. Risk management forms an important part of the chariVs decision-making and is incorporated
within planning.
Risk assessment are to be conducted on 311 new activities and projects to ensure they are in line with the
charity's objectives and mission. A risk register covering key strategic risks will be maintained and updated. A
detailed risk register is to be drafted and will be maintained and will regularly review and monitor the
effectiveness of its risk management framework and update it as necessary.
Volunteers
HRL recognises the contributions of its volunteers who work tirelessly to serve the local community.
Volunteers are requested and recruited as and when necessary, using our Volunteer Management policy as
the guide.
Statement of Trustees Responsibilities
The Trustees are aware that 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 Charity and of its incoming
resources and application of resources. including its income and expenditure for that period. In preparing
those financial statements, the directors are required to-_
select suitable accounting policies and then apply them consistently:
*observe the methods and principles of the charities SORP-
make judgments and estimates that are reasonable and prudent:
'state whether applicable UK Accounting Standards have been followed, subject to any material departures
disclosed and explained in the financial statements:
prepare the financial statements on a going-concern basis unless it is inappropriate to presume that the
company will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at
any time the financial position of the charity and to enable them to ensure that the financial statements
comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the
charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 7

Hornsey Rise Ltd
Trustees Annual Report
The above report has been prepared in accordance with the provisions applicable to companies subject to
the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the
Charities SORP IFRS 102}.
Signed on behalf of the board
M.A. Rahman
Trustee
20 December 2024
Page 8

Hornsey Rise Ltd
Independent Examiners Report
Independent Examiner'5 Report to the trustees of Hornsey Rise Ltd
I report to the charity trustees on my examination of the financial statements of Hornsey Rise Ltd for the year
ended 31 March 2024.
Responsibilities and basis of report
As the charity's trustees of the company {and also its directors for the purposes of company lawl you are
responsible for the preparation of the financial statements in accordance with the requirements of the
Companies Act 20061'the 2006 Act.
Having satisfied myself that the financial statements of the Charity are not required to be audited under Part
16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of
your charity's financial statements as carried out under settion 145 of the Charities Act 20111'the 2011 Act'l.
In carrying out my examination I have followed the Directions given by the Charity Commission under section
145{51 {bl of the 2011 Act.
Independent examiner's statement
I have completed my examination. I can confirm that no material matters have come to my attention in
connection with the examination giving me cause to believe-
• accounting records were not kept in accordance with section 386 of the 2006 Act , or
the f inancial statements do not accord with those records- or
the financial statements do not comply with the accounting requirements under section 396 of the 2006
Act other than any requirement that the financial statements give a 'true and fair, view which is not a
matter considered a5 part of an independent examination; or
the f inancial statements have not been prepared in accordance with the methods and principles of the
Statement of Recommended Practice for accounting and reporting by charities applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the U K and
Republic of Ireland IFRS 1021.
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the financial
statements to be reached.
Mr Ali Arif Certified Accountants
CWA Certified Accountants
Unit 4, 3rd Floor
80-82 White Lion Street
London
NI 9PF
20 December 2024
Page 9

Hornsey Rise Ltd
Statement of Financial Activities
for the year ended 31 March 2024
Unrestricted
fund5
2024
Restrirted
funds Total fund5 Total funds
2024
2024
2023
Notes
Income and endowments
from:
Donations and legacies
Investments
Other
47,234
450
47,234
450
47,731
6,600
Total
47.684
47.684
54,334
Expenditure on:
Other
27.107
27.107
43,335
Total
27.107
27.107
43,335
Net gains on investments
Net income
20,577
20,577
10,999
Transfers between funds
Net income before other
gains/(losses)
20,577
20,577
10,999
Other gains and losses
Net movement in funds
20.577
20.577
10,999
Reconciliation of funds:
Total funds brought forward
1.549.057
1,549,057
1,538,059
Total funds carried forward
20,577
1,549,057
1,569,634
1,549,058
Page 10

Hornsey Rise Ltd
Summary Income and Expenditure Account
for the year ended 31 March 2024
2024
2023
Income
47,234
54,333
Interest and investment income
450
Gross income for the year
Expenditure
47,684
54,333
27,107
43,335
Total expenditure for the year
Net income before tax for the year
27.107
43.335
20,577
10,998
Net income for the year
20.577
10.998
Page 11

Hornsey Rise Ltd
Balance Sheet
at 31 March 2024
Company No. 05484099
Notes
2024
2023
Fixed assets
Investments
1,582.666
1,582,666
1.582,666
1,582,666
Current assets
Debtors
io
50,599
22,937
73,536
{ii
50,599
32,360
82,959
Cash at bank and in hand
Creditors: Amount falling due within one year
Net current assets
li
73,535
82,959
Total as5et5 less current liabilities
1,656.201
1.665,625
Creditors: Amounts falling due after more than one year
Net assets excluding pension asset or liability
12
(86,5671
1,569,634
1116,567}
1,549,058
Total net assets
1,569,634
1,549,058
The funds of the charity
Restrirted funds
Restricted income funds
13
999.057
999,057
999,057
999,057
Unrestricted fund5
General funds
13
20,577
20.577
Reserves
Revaluation reserve
13
550,000
550.000
550,000
550,000
Total funds
1,569.634
1.549,057
These accounts have been prepared in accordance with the special provisions of Part IS of the Companies
Act 2006 relating to small companies.
For the year ended 31 March 2024 the company was entitled to exemption under section 477 of the
Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the
Companies Act 2006.
The director5 acknowledge their responsibilities for complying with the requirements of the Companies Act
2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 20 December 2024
And signed on its behalf by.
M.A. Karim
Page 12

Horn5ey Rise Ltd
Balance Sheet
Trustee
20 December 2024
Page 13

Hornsey Rise Ltd
Statement of Cash flows
for the year ended 31 March 2024
2024
2023
Cash flows from operating activities
Net income per Statement of Financial Activities
20,577
10,998
Adjustments for:
Dividends, interest and rents from investments
Increase in trade and other receivables
Decrease in trade and other payables
14501
16,6031
137,5991
(30,0001
Net cash used in operatlng artivlties
{9,8731
133,2041
Cash flows from investing activities
Dividends, interest and rents from investments
450
6,603
Net cash from investing activities
450
6,603
Net cash from financing activities
38,927
Net (decrease}/increase in cash and cash equivalents
{9.423}
12,326
Cash and cash equivalents at the beginning of the year
32.360
58,227
Cash and cash equivalents at the end of the year
22.937
70,553
Components of cash and cash equivalents
Cash and bank balances
22.937
32,360
22.937
32,360
Page 14

Hornsey Rise Ltd
Notes to the Accounts
for the year ended 31 March 2024
l Accounting policies
Basis of preparation
The financial statements have been prepared 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} (effective I
January 20151 {Charities SORP IFRS 1021), the Financial Reporting Standard applicable in the UK and
Republic of Ireland {FRS 102} and the Companies Act 2006.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since
last year and no changes have been made to accounts for previous years.
Fund accounting
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the
general objects of the charity-
These are unrestricted funds earmarked by the trustees for particular purposes.
These are unrestricted funds which include a revaluation reserve representing the
restatement of investment assets at their market values.
These are available for use subject to restrictions imposed by the donor or through
terms of an appeal.
Designated funds
Revaluation funds
Restricted funds
Income
Recognition of
income
Income is included in the Statement of Financial Activities (SOFA) when the charity
becomes entitled to. and virtually certain to receive, the income and the amount of
the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is
expenditure
reported gross in the SOFA.
Donations and
Voluntary income received by way of grants, donations and gifts is included in the
the SOFA when receivable and only when the Charity has unconditional
entitlement to the income.
legacies
Tax reclaims on
Income from tax reclaims is included in the SOFA at the same time as the
donations and gifts giftldonation to which it relates.
Donated services
These are only included in income (with an equivalent amount in expenditure)
where the benefit to the Charity is reasonably quantifiable, measurable and
material.
Volunteer help
The value of any volunteer help received is not included in the accounts.
Investment income This is included in the accounts when receivable.
Gainslllossesl on
This includes any gain or loss resulting from revaluing investments to market value
revaluation of fixed at the end of the year.
assets
and facilities
Gains/llosses} on
investment assets
This includes any gain or loss on the sale of investments.
Page 15

Hornsey Rise Ltd
Notes to the Accounts
Expenditure
Recognition of
expenditure
Expenditure is recognised on an accruals basis. Expenditure includes any VAT which
cannot be fully recovered, and is reported 35 part of the expenditure to which it
relates.
Expenditure on
These comprise the costs associated with attracting voluntary income, fundraising
raising funds
trading costs and investment management costs.
Expenditure on
These comprise the costs incurred by the Charity in the delivery of its activities and
charitable activities services in the furtherance of its objects. including the making of grants and
governance costs.
All grant expenditure is accounted for on an actual paid basis plus an accrual for
grants that have been approved by the trustees at the end of the year but not yet
paid.
These include those costs associated with meeting the constitutional and statutory
requirements of the Charity. including any audit/independent examination fees.
costs linked to the strategic management of the Charity, together with a share of
other administration costs.
Grants payable
Governance costs
Other expenditure
These are support costs not allocated to a particular activity.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Freehold investment property
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet
date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they
arise.
Stocks
Stock 15 included at the lower of cost or net realisable value. Donated items of stock are recognised at fair
value which is the amount the charity would have been willing to pay for the items on the open market.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other
short-term highly liquid investments with original maturities of three months or less and bank overdrafts.
In the statement of f inancial position. bank overdrafts are shown within borrowings or current liabilities.
In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are
repayable on demand and form an integral part of the company's cash management.
Trade and other creditors
Short term creditors are measured at the transaction price. Other 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.
Page 16

Hornsey Rise Ltd
Notes to the Accounts
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign currencies
Monetary assets and liabilities denominated in currencies other than the functional currency of the
charity are translated at the rates of exchange prevailing at the end of the reporting period.
Transaction5 in currencie5 Other than the functional currency of the charity are recorded at the rate of
exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
Leased a55et5
Where the charity enters into a lease which entails taking substantially all the risks and rewards of
ownership of an asset. the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified
as operating leases.
Assets held under f inance leases are initially recognised as assets of the charity at their fair value at the
inception of the lease or. if lower. at the present value of the minimum lease payments. The
corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation.
Lease payments are apportioned between finance expenses and reduction of the lease obligation 50 35 to
achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are
recognised immediately. unless they are directly attributable to qualifying assets. in which case they are
capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term.
In the event that lease incentives are received to enter into operating leases, such incentives are
recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental
expense on a straight-line basis.
Pension costs
The charity operates a defined contribution plan for its employees. A defined contribution plan is a
pension plan under which the company pays fixed contributions into a separate entity. Once the
contributions have been paid the company has no further payments obligations. The contribution5 are
recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet.
The assets of the plan are held separately from the company in independently administered funds.
Receipt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and
expenditure at an estimate of the value to the charity.
2 Company ststus
The company is a private company limited by guarantee and consequently does not have share capital.
Page 17

Hornsey Rise Ltd
Notes to the Accounts
3 Statement of Financial Activities- prior year
Unrestricted
funds
Restricted
fund5 Total fund5
2023
2023
2023
Income and endowments from:
Donations and legacies
Other
47,730
6,603
47,730
6,603
Total
54,333
54,333
Expenditure on:
Other
43,335
43,335
Total
43,335
43,335
Net income
10,998
10,998
Net income before other
gains1(Ios5es)
Other gains and losses:
10,998
10,998
Net movement in funds
10,998
10,998
Reconciliation of fund5:
Total funds brought forward
Total funds carried forward
1,538.059
1,538.059
10,998
1,538.059
1,549.057
4 Income from donations and legacies
Unrestrirted
Total
Total
2024
2023
Donations
1,380
44,769
1,085
47,234
1,380
44,769
1,085
47,234
4,486
41,829
1,416
47,731
Online donations
Standing orders
5 Income from investments
Unrestricted
Total
Total
2024
2023
Rental income
450
450
6,600
6,600
450
450
Page 18

Hornsey Rise Ltd
Notes to the Accounts
6 Other income
Total
Total
2024
2023
7 Other expenditure
Unrestricted
Total
Total
2024
2023
Bank charges
102
102
Motor and travel costs
120
Premises costs
6.491
514
6.491
514
13,191
701
General administrative costs
Legal and professional costs
20,000
27,107
20,000
27,107
29,323
43,335
8 Staff costs
No employee received emoluments in excess of £60,000.
Neither the trustees nor any person connected with them have received any
remuneration, either in the current year or the prior year. No expenses were paid to
trustees or persons connected with them.
9 Investments
Freehold
Investment
Property
Total
Cost or revaluation
At l April 2023
At 31 March 2024
Net book values
1.582.666
1,582,666
1.582,666
1,582,666
At 31 March 2024
At 31 March 2023
1,582.666
1,582,666
1,582.666
1,582,666
Freehold Investment Property
The freehold investment property was acquired on 2005. The property was revalued on 2019 by Local
Estate Agent .
10 Debtors
2024
2023
Other debtors
50,599
50,599
50,599
50,599
Page 19

Hornsey Rise Ltd
Notes to the Accounts
11 Creditors:
amounts falling due within one year
2024
2023
Accruals
12 Creditors:
amounts falling due after more than one year
2024
2023
Karza Hasana {Loans from public)
86,567
86,567
116,567
116,567
13 Movement in funds
Incoming
resources
At31
(including
other
At l April gains/los5es
2023
Resources
March
expended
2024
Restricted funds:
Restricted income funds:
Donation by public
999.057
999,057
Total
999.057
999,057
Unrestricted fund5:
General funds
47,684
127.1071
20,577
Revaluation Reserves:
Restricted funds:
Donation by public
550.000
550,000
Total
550.000
550,000
Total revoluation reserves
550.000
550,000
Total funds
1,549,057
47,684
127,1071 1,569,634
Purposes and restrirtions in relation to the funds-.
Revaluation reserves
Represent the amount by which investments exceed their historical cost.
Restricted funds:
Donation by public
To Support Charity's day to day activity
Page 20

Hornsey Rise Ltd
Notes to the Accounts
14 Analysis of net assets between funds
Unrestricted
funds
Restrirted
Total
funds
Investments
1.582.666
1.582.666
73,535
Net current assets
73,535
Creditors due in more than one year and
provisions
186,5671
186,5671
73,535
1,496,099
1,569,634
15 Reconciliation of net debt
At31
March
At l April
2023
Cash flows
2024
Cash and cash equivalents
32,360
32,360
19,4231
19,4231
22,937
22,937
Net debt
32,360
19,4231
22,937
16 Related party disclosures
Controlling party
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 21

Hornsey Rise Ltd
Detailed Statement of Financial Activities
for the year ended 31 March 2024
Unrestricte
d fund5
2024
Total fund5
2024
Total funds
2023
2024
Income and endowments from:
Donations and legacies
1.380
44,769
1,085
47,234
1.380
44,769
1.085
47,234
4,486
41,829
1.416
47,731
Investments
450
450
6,600
6,600
450
450
Other
Total income and endowments
47.684
47,684
54,334
Expenditure on:
Other expenditure
102
102
102
102
Travel and subsistence
120
120
Premises costs
Rates
445
Light. heat and power
Premises insurances
6.491
6.491
11.347
1,399
13.191
6.491
6.491
General administrative costs,
including depreciation and
amortisation
Bank charges
Telephone, fax and broadband
216
514
514
485
514
514
701
Legal and professional costs
Management charges
Solicitor's fees
350
20.000
20,000
20.000
20,000
28,973
29,323
Total of expenditure of other costs
27,107
27,107
43,335
Total expenditure
27.107
27,107
43,335
Net gains on investments
Net income
20.577
20.577
10,999
Page 22

Hornsey Rise Ltd
Detailed Statement of Financial Activities
Net income before other
gains/(losses)
Other Gains
20,577
20,577
10,999
Net movement in funds
20.577
20,577
10,999
Reconciliation of funds:
Total funds brought forward
1,549,057
1,549,057
1,538,059
Total funds carried forward
20.577
1.549.057
1.569.634
1,549,058
Page 23