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2022-12-31-accounts

Charity Number 1121171

ABILITY NORTH LONDON FINANCIAL STATEMENTS 31 DECEMBER 2022

ABILITY NORTH LONDON

FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2022

CONTENTS PAGE
Trustees and professional advisers 1
Trustees Annual Report 2
Statement of Trustees responsibilities 5
Independent examiner's report to the trustees 6
Statement of financial activities 7
Balance sheet 8
Notes to the financial statements 9-11

ABILITY NORTH LONDON

TRUSTEES AND PROFESSIONAL ADVISERS

Registered charity name ABILITY NORTH LONDON
Charity number 1121171
Principal office 24 Fountayne Road
London
N16 7DX
Trustees A Schlesinger
S Fischer
J Stroh
Managing Director J Masteran
Secretary R Fischer
Independent examiner JS&Co Accountants Ltd
26 Theydon Road
London E5 9NA
Bankers NAT WEST
Stoke Newington Branch
198 Stoke Newington High St
London
N16 7GA

- 1 -

ABILITY NORTH LONDON

STATEMENT OF TRUSTEES' RESPONSIBILITIES

YEAR ENDED 31 DECEMBER 2022

The trustees have pleasure in presenting their report and the unaudited financial statements of the charity for the year ended 31 December 2022.

REFERENCE AND ADMINISTRATIVE DETAILS

Reference and administrative details are shown in the schedule of trustees and professional advisers on page 1 of the financial statements.

THE TRUSTEES

The trustees who served the company during the period were as follows:

A Schlesinger S Fischer J Stroh

There is no chief executive officer nor any other staff employed in the charity. The day to day affairs are undertaken by the charity’s founder, A Schlesinger on behalf of the trustees with J Masteran in charge as Manager.

All major decisions are taken collectively by the trustees.

The trustees are unpaid and details of any related party transactions are disclosed as applicable in the notes to the accounts.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Ability North London is constituted under a deed dated 24 November 2004. It is a registered charity number 1121171 and was registered on 12 October 2007.

Recruitment and appointment of new trustees would be in line with the Trust Deed and with the consent of the trustees. The criteria set for the suitable candidate would be someone who is sensitive to the needs and demands of the organisation.

RISK REVIEW

The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the Trust, and are satisfied that systems are in place to manage our exposure to the major risks.

OBJECTIVES AND ACTIVITIES

Ability North London was established by a group of parents of young people and adults with learning disabilities. Our primary objectives are:

Our team of qualified and experienced youth workers’ positive attitude and targeted approach contribute to the good quality of the project.

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ABILITY NORTH LONDON

STATEMENT OF TRUSTEES' RESPONSIBILITIES

YEAR ENDED 31 DECEMBER 2022

The annual Merlin Pass enabled the users to visit popular theme parks on a regular basis at substantially reduced rates.

STRUCTURE AND MANAGEMENT

A Senior Carer manages the daily running of activities, reporting weekly to the Director of Services. The Director reports quarterly to the trustees on the general running of projects and more frequently where issues need to be addressed. The trustees are responsible for final decisions. Wherever possible, decisions are made in consultation with parents, users, carers and staff.

RISK MANAGEMENT

The trustees have put in place systems to identify risks and review the systems regularly.

A REVIEW OF OUR ACHIEVEMENTS AND PERFORMANCES

This year has been a very productive one for Ability North London.

Our users’ numbers keep on increasing reflecting our well-rounded support service and great local reputation.

We are extremely grateful that we were able to purchase a building in London. This is currently being rented out, with the plan that it may eventually be purpose built to suit Abilities needs and will be used instead of the building we are now renting.

All of our service users are currently employed, either in-house or externally. We invested in a laundry room with commercial grade machines, and provide a laundry service to the community which has proved very popular with almost all our clients.

Outcomes for beneficiaries and organisation by far exceeded our expectations. In a survey completed by users and stakeholders.

100% of users shared that they enjoy the activity sessions and feel they are well run 95% Reported health and wellbeing improvements, particularly citing swimming and cycling 90% shared that they benefit socially and have made new friendships which extend beyond the daycentre.

80% of young people reported that their Rosenberg Self Esteem scores improved and connected this progress to the daycentre.

Our organisation is so proud of each and every user. We celebrated achievements at a celebratory event and awarded certificates to users that recognised a special achievement for each disabled user. Financially, we are confident with our reserves levels and are pleased with sustainable funding resources from our investment. We are extremely proud to receive continuous funding

from Community Partnerships of Hackney council and appreciate that they believe in us and the people we support.

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ABILITY NORTH LONDON

STATEMENT OF TRUSTEES' RESPONSIBILITIES

YEAR ENDED 31 DECEMBER 2022

QUOTES: "ANL is my safe place, i can just be myself and i am loved for who i am. Here my wheelchair feels like a throne and i feel honoured and respected. Mordy 17, user"

My son engaged in sport club very reticently, but now he loves it and has a great time. His physiotherapist and doctors cannot believe the global impact these activities has on his health.

RESERVES

The trustees aim to maintain free reserves in unrestricted funds at a level which equates to approximately three months of unrestricted charitable expenditure, and they feel fortunate in having been able to maintain that level of reserves.

PLANS FOR THE FUTURE

As part of our ongoing plans for the future, we are looking to carry on with our successful work and are constantly fundraising to cover our expenses.

We are always seeking to fill the needs of our service users and we are hoping to incorporate some vital skills particularly in training and employment as part of our programme. This will enable the service users to better their future chances in life. We are seeking funds to cover this additional expense.

Signed on behalf of the trustees

Trustee

19 September 2023

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ABILITY NORTH LONDON

STATEMENT OF TRUSTEES' RESPONSIBILITIES

YEAR ENDED 31 DECEMBER 2022

The charity's trustees are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales 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 the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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ABILITY NORTH LONDON

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2022

I report on the accounts of the charity for the year ended 31 December 2022 set out on pages 7 to 10.

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND INDEPENDENT EXAMINER

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (“the Act”) and that an independent examination is needed.

It is my responsibility to:

BASIS OF INDEPENDENT EXAMINER’S STATEMENT

My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

INDEPENDENT EXAMINER’S STATEMENT

In connection with my examination, no matter has come to my attention:

Balazs Nezmi FCCA JS&Co Accountants Ltd 26 Theydon Road London E5 9NA

19 September 2023

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ABILITY NORTH LONDON

STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2022

Notes
£
£
£
INCOMING RESOURCES
Restricted
funds
Unrestricted
funds
Total 2022
Incoming resources from generated funds
Social Services
143,776
143,776
Care Packages
3
105,969
105,969
Grants and donations
4
0
181,636
181,636
Total Incoming resources
0
431,381
431,381
RESOURCES EXPENDED
5
Cost of Generating funds
Fundraising Costs
23,113
23,113
Costs of charitable activities
Services running Cost
22,770
338,282
361,052
Governance costs
13,594
13,594
Total resources expended
22,770
374,989
397,759
NET INCOMING/(OUTGOING)
-22,770
56,392
33,622
RESOURCES
RECONCILIATION OF FUNDS
Total funds brought forward
22,770
277,224
299,994
TOTAL FUNDS CARRIED FORWARD
0
333,616
333,616		 Notes
£
£
£
INCOMING RESOURCES
Restricted
funds
Unrestricted
funds
Total 2022
Incoming resources from generated funds
Social Services
143,776
143,776
Care Packages
3
105,969
105,969
Grants and donations
4
0
181,636
181,636
Total Incoming resources
0
431,381
431,381
RESOURCES EXPENDED
5
Cost of Generating funds
Fundraising Costs
23,113
23,113
Costs of charitable activities
Services running Cost
22,770
338,282
361,052
Governance costs
13,594
13,594
Total resources expended
22,770
374,989
397,759
NET INCOMING/(OUTGOING)
-22,770
56,392
33,622
RESOURCES
RECONCILIATION OF FUNDS
Total funds brought forward
22,770
277,224
299,994
TOTAL FUNDS CARRIED FORWARD
0
333,616
333,616		 £
Total 2021
83,543
76,978
226,297
0
431,381
431,381
23,113
23,113
22,770
338,282
361,052
13,594
13,594
22,770
374,989
397,759
-22,770
56,392
33,622
22,770
277,224
299,994
0
333,616
333,616		 386,818
35,744
297,434
7,091
340,269
46,549
253,445
299,994

The Notes form part of the financial statements

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ABILITY NORTH LONDON

2022
Notes
£
£
FIXED ASSETS
Investments
6
669,922
Fixtures & Fittings
7
32,704
702,626
CURRENT ASSETS:
Other Debtors
Cash at bank and in hand
27,737
27,737
CREDITORS: amounts falling
due within one year
8
-2,375
Net Current assets/(liabilities)
727,988
CREDITORS: amounts falling
9
-394,372
due after more than one year
NET ASSETS:
333,616
FUNDS
10
Restricted funds
0
Unrestricted funds
333,616
TOTAL FUNDS
333,616
BALANCE SHEET
31-Dec-22		 2021
£
£
613,538
40,880
654,418
3,196
40,241
43,437
-3,489
694,366
-394,372
299,994
22,770
277,224
299,994		 2021
£
£
613,538
40,880
654,418
3,196
40,241
43,437
-3,489
694,366
-394,372
299,994
22,770
277,224
299,994
-394,372
299,994
22,770
277,224
299,994

Approved by the board of Trustees on: 19 September 2023 And signed on their behalf by:

Trustee

The Notes form part of these financial statements

-8-

ABILITY NORTH LONDON

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2022

1 ACCOUNTING POLICIES

Accounting convention

These accounts have been prepared in accordance with the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (FRSSE) (effective January 2015). In preparing the accounts, the charity follows best practice as laid down in the Statement of Recommended Practice “Accounting and Reporting by Charities” (SORP) issued in March 2005. Where there is a conflict between the FRSSE and the SORP, the SORP has been adopted in accordance with paragraph 419ff of the SORP.

Incoming resources

All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy.

Resources expended

Expenditure is accounted for on accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost residual value of each asset over its expected useful life, as follows:

Fixture and fittings - 20% reducing balance Van - 20% reducing balance

2 TRUSTEES REMUNERATION AND BENEFITS

There were no trustees remuneration or other benefits for the year ended 31 December 2022.

Trustees Expenses

There were no trustees expenses paid for the year ended 31 December 2022.

3 PARENTAL CONTRIBUTION

These are the funds that were received by parents from the Local Authority, and were forwarded to the Charity

4 OTHER GRANTS AND DONATIONS

A list of grants and donations received are available from the office upon request in writing.

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ABILITY NORTH LONDON

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 December 2022

6 INVESTMENTS

INVESTMENTS 2022 2021 £ £ UK Investment Property 669,922 613,538

The fixed asset investment is held primarily to provide an investment return for the charity and is valued at historical cost.

7 FIXED ASSETS

COST:
At 1 January 2022
Additions
At 31 December 2022
DEPRECIATION:
At 1 January 2022
Charge for year
At 31 December 2022
NET BOOK VALUE:
At 31 December 2022
At 31 December 2021
8
CREDITORS
DUE WITHIN ONE YEAR
Accruals
other creditors
9
CREDITORS
DUE AFTER ONE YEAR
Bank loans and overdrafts
Restricted funds
Grants
Unrestricted funds
General fund
TOTAL FUNDS		 Fixture and
fittings
£
1,085		 Van
£
89,448
89,448		 Totals
£
90,533
0
1,085 90,533
914
34		 48,739
8,142
56,881
32,567		 49,653
8,176
948
137		 57,829
32,704
171 40,709 40,880
At 1.01.22
£
22,770
277,224		 2022
£
1,056
1,319
2,375
2022
£
394,372
394,372
Net movement
in funds
£
-22,770
56,392
33,622		 2021
£
996
2,493
3,489
2021
£
394,372
394,372
At 31.12.22
£
0
333,616
299,994 333,616

-11-

Net movement in funds, included in the above are as follows:

Restricted funds
Grants
Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
Rescources
resources
expended
£
£
0
22,770
431,381
374,989
431,381
397,759		 Movement in
funds
£
-22,770
56,392
33,622

-11-

ABILITY NORTH LONDON

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2022

INCOMING RESOURCES

Incoming resources from generated funds
Social Services
Care Packages
4
Other grants and donations
Total incoming resources
5
RESOURCES EXPENDED
Fundraising Costs
Services running Cost
Wages & Salaries
Insurance
Telephone
Advertising
Printing, Postage & Stationary
Rent & Admin expenses
Heat & Light
Food & refreshments
Clothing
Office expenses
Sport and leisure activities
Repairs and Maintenance
Sundries
Cleaning
Transport
Depreciation
Governance costs
Accountancy
Professional fees
Bank charges
Total resources expended
NET INCOME FOR THE YEAR
RECONCILIATION OF FUNDS
NET INCOME FOR YEAR
Total Funds Brought Forward
Total Funds Carried Forward		 Restricted
Unrestricted
£
£
143,776
105,969
181,636
0
431,381
23,113
122,883
4,444
2,742
454
555
35,280
2,918
1,000
24,977
1,686
2,000
32,097
19,770
55,637
229
623
45,581
8,176
22,770
361,395
1,056
12,048
490
0
13,594
22,770
374,989
-22,770
56,392
-22,770
56,392
22,770
277,224
0
333,616		 Total 2022
£
143,776
105,969
181,636
431,381
23,113
122,883
4,444
2,742
454
555
35,280
2,918
25,977
0
1,686
34,097
75,407
229
623
45,581
8,176
384,165
1,056
12,048
490
13,594
397,759
33,622
33,622
299,994
333,616		 Total 2021
£
83,543
76,978
226,297
386,818
35,744
107,331
6,484
3,413
7,332
9,239
23,608
0
17,930
3,495
2,172
67,495
3,236
0
2,165
33,314
10,220
333,178
996
6,095
0
7,091
340,269
46,549
46,549
253,445
299,994

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