**REGISTERED CHARITY NUMBER: 1121171** ## **Report of the Trustees and** **Unaudited Financial Statements for the Year Ended 31 December 2024** ## **for** ## **Ability North London** Samuel Feigenblatt ACCA London Accounting Group Ltd 5 North End Road London NW11 7RJ **Ability North London** **Contents of the Financial Statements for the Year Ended 31 December 2024** |||**Page**|| |---|---|---|---| |**Report of the Trustees**|1|to|2| |**Independent Examiner's Report**||3|| |**Statement of Financial Activities**||4|| |**Balance Sheet**||5|| |**Notes to the Financial Statements**|6|to|11| **Ability North London** **Report of the Trustees for the Year Ended 31 December 2024** The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of 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 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** 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. The annual Merlin Pass enabled the users to visit popular theme parks on a regular basis at substantially reduced rates. ## **ACHIEVEMENT AND PERFORMANCE** 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. ## **FINANCIAL REVIEW** ## **Reserves policy** 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. ## **FUTURE PLANS** 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. Page 1 **Ability North London** **Report of the Trustees for the Year Ended 31 December 2024** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** 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. ## **Charity constitution** 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 incharge 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. ## **Induction and training of new trustees** 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 management** 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. 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. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1121171 ## **Principal address** 24 Fountayne Road London N16 7DX ## **Trustees** Isaac Schlesinger (appointed 11.6.25) Samuel Rothschild (appointed 11.6.25) Jochanan Stroh ALTE ANITA SCHLESING (appointed 1.4.24) ## **Independent Examiner** Samuel Feigenblatt ACCA London Accounting Group Ltd 5 North End Road London NW11 7RJ Approved by order of the board of trustees on ............................................. and signed on its behalf by: ........................................................................ Trustee Page 2 **Independent Examiner's Report to the Trustees of Ability North London** ## **Independent examiner's report to the trustees of Ability North London** I report to the charity trustees on my examination of the accounts of Ability North London (the Trust) for the year ended 31 December 2024. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. ## **Independent examiner's statement** Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. 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 accounts to be reached. Samuel Feigenblatt ACCA Samuel Feigenblatt ACCA London Accounting Group Ltd 5 North End Road London NW11 7RJ Date: ............................................. Page 3 **Ability North London** ## **Statement of Financial Activities for the Year Ended 31 December 2024** |Unrestricted
Restricted
fund
fund
Notes
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
465,969
22,041
**EXPENDITURE ON**
Raising funds
100
-
**Charitable activities**
Services running costs
368,210
22,041
Other
26,519
-
**Total**
394,829
22,041
**NET INCOME/(EXPENDITURE)**
71,140
-
**RECONCILIATION OF FUNDS**
Total funds brought forward
316,742
-
**TOTAL FUNDS CARRIED FORWARD**
387,882
-|31.12.24
Total
funds
£
488,010
100
390,251
26,519
416,870
71,140
316,742
387,882|31.12.23
Total
funds
£
358,937
17,573
350,831
7,408
375,812
(16,875)
333,617
316,742| |---|---|---| The notes form part of these financial statements Page 4 **Ability North London** ## **Balance Sheet 31 December 2024** |Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
5
23,715
Investments
6
669,922
693,637
**CURRENT ASSETS**
Debtors
7
53,000
Cash at bank
69,154
122,154
**CREDITORS**
Amounts falling due within one year
8
(33,537)
**NET CURRENT ASSETS**
88,617
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
782,254
**CREDITORS**
Amounts falling due after more than one year
9
(394,372)
**NET ASSETS**
387,882
**FUNDS**
11
Unrestricted funds
**TOTAL FUNDS**|Restricted
fund
£
-
-
-
-
-
-
-
-
-
-
-|31.12.24
Total
funds
£
23,715
669,922
693,637
53,000
69,154
122,154
(33,537)
88,617
782,254
(394,372)
387,882
387,882
387,882|31.12.23
Total
funds
£
28,900
669,922
698,822
-
13,432
13,432
(1,140)
12,292
711,114
(394,372)
316,742
316,742
316,742| |---|---|---|---| The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: ............................................. Trustee The notes form part of these financial statements Page 5 **Ability North London** **Notes to the Financial Statements for the Year Ended 31 December 2024** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an 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. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **2. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023. Page 6 continued... **Ability North London** **Notes to the Financial Statements - continued for the Year Ended 31 December 2024** ## **3. STAFF COSTS** The average monthly number of employees during the year was as follows: ||||31.12.24|31.12.23| |---|---|---|---|---| ||Employees||11|13| ||No employees received emoluments in excess of £60,000.|||| |**4.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**|||| |||Unrestricted|Restricted|Total| |||fund|fund|funds| |||£|£|£| ||**INCOME AND ENDOWMENTS FROM**|||| ||Donations and legacies|339,237|19,700|358,937| ||**EXPENDITURE ON**|||| ||Raising funds|17,573|-|17,573| ||**Charitable activities**|||| ||Services running costs|331,131|19,700|350,831| ||Other|7,408|-|7,408| ||**Total**|356,112|19,700|375,812| ||**NET INCOME/(EXPENDITURE)**|(16,875)|-|(16,875)| ||**RECONCILIATION OF FUNDS**|||| ||Total funds brought forward|333,617|-|333,617| ||**TOTAL FUNDS CARRIED FORWARD**|316,742|-|316,742| continued... Page 7 **Ability North London** ## **Notes to the Financial Statements - continued for the Year Ended 31 December 2024** ## **5. TANGIBLE FIXED ASSETS** |**5.**|**TANGIBLE FIXED ASSETS**||||| |---|---|---|---|---|---| |||Fixtures|||| |||and|Motor|Computer|| |||fittings|vehicles|equipment|Totals| |||£|£|£|£| ||**COST**||||| ||At 1 January 2024|4,505|89,448|-|93,953| ||Additions|40|-|704|744| ||At 31 December 2024|4,545|89,448|704|94,697| ||**DEPRECIATION**||||| ||At 1 January 2024|1,659|63,394|-|65,053| ||Charge for year|577|5,211|141|5,929| ||At 31 December 2024|2,236|68,605|141|70,982| ||**NET BOOK VALUE**||||| ||At 31 December 2024|2,309|20,843|563|23,715| ||At 31 December 2023|2,846|26,054|-|28,900| |**6.**|**FIXED ASSET INVESTMENTS**||||| ||||||Unlisted| ||||||investments| ||||||£| ||**MARKET VALUE**||||| ||At 1 January 2024 and 31 December 2024||||669,922| ||**NET BOOK VALUE**||||| ||At 31 December 2024||||669,922| ||At 31 December 2023||||669,922| There were no investment assets outside the UK. The fixed asset investment is held primarily to provide an investment return for the charity and is valued at historical cost. ## **7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** ||31.12.24|31.12.23| |---|---|---| ||£|£| |Other debtors|53,000|-| continued... Page 8 **Ability North London** ## **Notes to the Financial Statements - continued for the Year Ended 31 December 2024** |**8.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||| |---|---|---|---|---|---| |||||31.12.24|31.12.23| |||||£|£| ||Taxation and social security|||(148)|-| ||Other creditors|||33,685|1,140| |||||33,537|1,140| |**9.**|**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE**|||**YEAR**|| |||||31.12.24|31.12.23| |||||£|£| ||Bank loans (see note 10)|||394,372|394,372| |**10.**|**LOANS**||||| ||An analysis of the maturity of loans is given below:||||| |||||31.12.24|31.12.23| |||||£|£| ||Amounts falling due in more than five years:||||| ||Repayable by instalments:||||| ||Bank loans more 5 yr by instal|||394,372|394,372| |**11.**|**MOVEMENT IN FUNDS**||||| |||||Net|| |||||movement|At| |||At|1/1/24|in funds|31/12/24| ||||£|£|£| ||**Unrestricted funds**||||| ||General fund|316,742||71,140|387,882| ||**TOTAL FUNDS**|316,742||71,140|387,882| ||Net movement in funds, included in the above are as follows:||||| |||Incoming||Resources|Movement| |||resources||expended|in funds| ||||£|£|£| ||**Unrestricted funds**||||| ||General fund|465,969||(394,829)|71,140| ||**Restricted funds**||||| ||Restricted funds||22,041|(22,041)|-| ||**TOTAL FUNDS**|488,010||(416,870)|71,140| continued... Page 9 **Ability North London** **Notes to the Financial Statements - continued for the Year Ended 31 December 2024** ## **11. MOVEMENT IN FUNDS - continued** **Comparatives for movement in funds** |||Net|| |---|---|---|---| |||movement|At| ||At 1/1/23|in funds|31/12/23| ||£|£|£| |**Unrestricted funds**|||| |General fund|333,617|(16,875)|316,742| |**TOTAL FUNDS**|333,617|(16,875)|316,742| |Comparative net movement in funds, included in the above are as follows:|||| ||Incoming|Resources|Movement| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|339,237|(356,112)|(16,875)| |**Restricted funds**|||| |Restricted funds|19,700|(19,700)|-| |**TOTAL FUNDS**|358,937|(375,812)|(16,875)| |A current year 12 months and prior year 12 months combined position is as follows:|||| |Net
movement
At 1/1/23
in funds
£
£
**Unrestricted funds**
General fund
333,617
54,265
**TOTAL FUNDS**
333,617
54,265|At
31/12/24
£
387,882| |---|---| ||387,882| continued... Page 10 **Ability North London** **Notes to the Financial Statements - continued for the Year Ended 31 December 2024** ## **11. MOVEMENT IN FUNDS - continued** A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement| |---|---|---|---| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|805,206|(750,941)|54,265| |**Restricted funds**|||| |Restricted funds|41,741|(41,741)|-| |**TOTAL FUNDS**|846,947|(792,682)|54,265| ## **12. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 December 2024. Page 11