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← Ability North London

2023-12-31-accounts

Charity Number 1121171

ABILITY NORTH LONDON FINANCIAL STATEMENTS 31 DECEMBER 2023

ABILITY NORTH LONDON

FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2023

CONTENTS PAGE
Trustees and professional advisers 1
Trustees Annual Report 2
Statement of Trustees responsibilities 4
Independent examiner's report to the trustees 5
Statement of financial activities 6
Balance sheet 7
Notes to the financial statements 9-10

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

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ABILITY NORTH LONDON

STATEMENT OF TRUSTEES' RESPONSIBILITIES

YEAR ENDED 31 DECEMBER 2023

The trustees have pleasure in presenting their report and the unaudited financial statements of the charity for the year ended 31 December 2023.

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 2023

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.

We have been focusing on creating an excellent programme for our users, with plenty of activities like swimming, cycling etc to keep them fit. They also go out to work for a part of the day. Users are very satisfied and feel very secure in Ability which is reflected in the calm atmosphere that pervades the place.

We have also added more experienced carers who are more suitable and aware of the cultural needs of our boys which makes them much happier.

We have been very successful in building an excellent relationship with the councils we work with, Hackney and Haringey. They are very pleased with the standard of our care and they keep on recommending new users. We are currently planning to do works to accommodate the severely physically disabled. This will be a new and exciting project for Ability.

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

8 October 2024

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ABILITY NORTH LONDON

STATEMENT OF TRUSTEES' RESPONSIBILITIES

YEAR ENDED 31 DECEMBER 2023

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 2023

I report on the accounts of the charity for the year ended 31 December 2023 set out on pages 6 to 9.

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

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ABILITY NORTH LONDON

STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2023

Notes
£
£
£
INCOMING RESOURCES
Restricted
funds
Unrestricted
funds
Total 2023
Incoming resources from generated funds
Social Services
173,656
173,656
Care Packages
3
117,454
117,454
Grants and donations
4
19,700
48,127
67,827
Total Incoming resources
19,700
339,237
358,937
RESOURCES EXPENDED
5
Cost of Generating funds
Fundraising Costs
17,573
17,573
Costs of charitable activities
Services running Cost
19,700
331,131
350,831
Governance costs
7,408
7,408
Total resources expended
19,700
356,112
375,812
NET INCOMING/(OUTGOING)
0
-16,875
-16,875
RESOURCES
RECONCILIATION OF FUNDS
Total funds brought forward
0
333,616
333,616
TOTAL FUNDS CARRIED FORWARD
0
316,741
316,741		 Notes
£
£
£
INCOMING RESOURCES
Restricted
funds
Unrestricted
funds
Total 2023
Incoming resources from generated funds
Social Services
173,656
173,656
Care Packages
3
117,454
117,454
Grants and donations
4
19,700
48,127
67,827
Total Incoming resources
19,700
339,237
358,937
RESOURCES EXPENDED
5
Cost of Generating funds
Fundraising Costs
17,573
17,573
Costs of charitable activities
Services running Cost
19,700
331,131
350,831
Governance costs
7,408
7,408
Total resources expended
19,700
356,112
375,812
NET INCOMING/(OUTGOING)
0
-16,875
-16,875
RESOURCES
RECONCILIATION OF FUNDS
Total funds brought forward
0
333,616
333,616
TOTAL FUNDS CARRIED FORWARD
0
316,741
316,741		 £
Total 2022
143,776
105,969
181,636
19,700
339,237
358,937
17,573
17,573
19,700
331,131
350,831
7,408
7,408
19,700
356,112
375,812
0
-16,875
-16,875
0
333,616
333,616
0
316,741
316,741		 431,381
23,113
361,052
13,594
397,759
33,622
299,994
333,616

The Notes form part of the financial statements

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ABILITY NORTH LONDON

2023
Notes
£
£
FIXED ASSETS
Investments
6
669,922
Fixtures & Fittings
7
28,899
698,821
CURRENT ASSETS:
Cash at bank and in hand
13,432
13,432
CREDITORS: amounts falling
due within one year
8
-1,140
Net Current assets/(liabilities)
711,113
CREDITORS: amounts falling
9
-394,372
due after more than one year
NET ASSETS:
316,741
FUNDS
10
Restricted funds
0
Unrestricted funds
316,741
TOTAL FUNDS
316,741
BALANCE SHEET
31-Dec-23		 2022
£
£
669,922
32,704
702,626
27,737
27,737
-2,375
727,988
-394,372
333,616
0
333,616
333,616		 2022
£
£
669,922
32,704
702,626
27,737
27,737
-2,375
727,988
-394,372
333,616
0
333,616
333,616
-394,372
333,616
0
333,616
333,616

Approved by the board of Trustees on: 08 October 2024 And signed on their behalf by:

Trustee

The Notes form part of these financial statements

-7-

ABILITY NORTH LONDON

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2023

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 2023.

Trustees Expenses

There were no trustees expenses paid for the year ended 31 December 2023.

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 2023

6 INVESTMENTS

INVESTMENTS 2023 2022 £ £ UK Investment Property 669,922 669,922

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 2023
Additions
At 31 December 2023
DEPRECIATION:
At 1 January 2023
Charge for year
At 31 December 2023
NET BOOK VALUE:
At 31 December 2023
At 31 December 2022
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
3,420		 Van
£
89,448
89,448		 Totals
£
90,533
3,420
4,505 93,953
948
711		 56,881
6,513
63,394
26,054		 57,829
7,225
1,659
2,846		 65,054
28,899
137 32,567 32,704
At 1.01.23
£
0
333,616		 2023
£
1,140
1,140
2023
£
394,372
394,372
Net movement
in funds
£
0
-16,875
-16,875		 2022
£
1,056
1,319
2,375
2022
£
394,372
394,372
At 31.12.23
£
0
316,741
333,616 316,741

-9-

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

Restricted funds
Grants
Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
Rescources
resources
expended
£
£
19,700
19,700
338,763
355,638
358,463
375,338		 Movement in
funds
£
0
-16,875
-16,875

Average number of employees, including directors, during the year was: 13 (2022: 11)

-9-

ABILITY NORTH LONDON

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2023

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
Books
Office expenses
Sport and leisure activities
Repairs and Maintenance
Sundries
Cleaning
Transport
Website
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
£
£
173,656
117,454
19,700
48,127
19,700
339,237
17,573
131,875
3,569
1,385
1,183
2,830
39,280
2,405
17,097
1,220
3,436
17,200
66,256
2,500
12,507
1,921
34,061
4,881
7,225
19,700
348,704
1,140
5,304
964
0
7,408
19,700
356,112
0
-16,875
0
-16,875
0
333,616
0
316,741		 Total 2023
£
173,656
117,454
67,827
358,937
17,573
131,875
3,569
1,385
1,183
2,830
39,280
2,405
17,097
1,220
3,436
83,456
15,007
0
1,921
34,061
4,881
7,225
368,404
1,140
5,304
964
7,408
375,812
-16,875
-16,875
333,616
316,741		 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
0
8,176
384,165
1,056
12,048
490
13,594
397,759
33,622
33,622
299,994
333,616

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