**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|
**- 1 -**
## **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:
- To provide crucial respite to the parent's /carers and families of these challenged individuals.
- To advocate and liaise with social services on behalf of our clients.
- To improve the lives of young people/adults with learning disabilities through the provision of a day centre which offers a welcoming haven to our clients and includes on and off-site sport, leisure, life skills, learning activities, meals and employment opportunities. A transport service is also provided to enable all clients to participate.
- To support our service users and their parents/carers to stay together as a family unit, thus reducing the risk of family break up and of users having to go into care.
Our team of qualified and experienced youth workers’ positive attitude and targeted approach contribute to the good quality of the project.
**- 2 -**
## **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
**- 3 -**
## **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:
- Select suitable accounting policies and then apply them consistently;
- Observe the methods and principles in the Charities SORP;
- Make judgements and estimates that are reasonable and prudent;
- State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
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.
**- 4 -**
## **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:
- examine the accounts under section 145 of the Act;
- to follow the procedures laid down in the general directions given by the Charity Commission (under Section 145(5)(b) of the Charities Act); and
- state whether particular matters have come to my attention.
## **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:
- a) which gives me reasonable cause to believe that, in any material respect, the requirements:
- to keep accounting records in accordance with Section 130 of the Charities Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or
- b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Balazs Nezmi FCCA JS&Co Accountants Ltd 26 Theydon Road London E5 9NA
- 8 October 2024
**- 5 -**
## **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
**-6-**
## **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.
**-8-**
## **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|
**-10-**