Highlights
Report and Financial Statements
For Year Ending 31 December 2023
Charity Number 1124382 (England and Wales)
Contents
| Page | |
|---|---|
| Legal and Administrative Information | 3 |
| Report of the Trustees | 4 and 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes forming part of the Balance Sheet | 8 |
| Independent Examiner’s Report | 9 |
Trustees
Mrs C Lias
Mr A Taub Mrs G Schonfeld Mrs B Moskowitz
Administration Address
125 Kyverdale Road London N16 6PS
Charity Number 1124382
Bankers
Barclays Bank PLC
Report of the Trusees
The Trustees present their annual Report and Financial statements of the Charity for the Year Ending 31 December 2023
The Trustees in office during the year were Mrs C Lias, Mr A Taub, Mrs G Schonfeld and Mrs B Moskowitz No Trustee nor any person connected with them received any remuneration during the year.
Status and Administration
The Charity was Founded on 18 December 2007 and is registered with the Charity Commission
Charitable Objects
To act as a resource for young people up to the age of 19 years living in London boroughs of Hackney and Haringey by providing advice and assistance and organising weekly programmes and other functions of physical, educational and other activities as a means of
a) advancing in life and helping young people by developing their skills, capacities and capabilities to enable them to participate in society as independent, mature and responsible individuals.
b) advancing education and
c) providing recreational and leisure time activity in the interests of social welfare for people living in the area of benefit who have need by reason of their youth, age, infirmity or disability, poverty or social and economic circumstances with a view to improving the conditions of life of such persons.
d) to promote any other exclusively charitable objects and purposes such as the trustees see fit provided that they are regarded as charitable by the law of England and Wales. No trustee nor any person connected with them received any remuneration during the year.
Reserves Policy
The Trustees retain reserves as necessary and where appropriate, consolidate funds in order to make more substantial grants which they feel to be appropriate.
Responsibilities of the Trustees
Charity 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 as at the Balance sheet date, and of its incoming resources, including income and expenditure for the financial year.
In preparing those financial statements the Trustees should follow best practice and;
-
a. Select suitable accounting policies and apply them consistently
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b. Make judgements and estimates that are reasonable and prudent
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c. Follow applicable accounting standards and the Charities SORP 2008, disclosing and explaining any departures in the financial statements
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d. Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue in operation.
The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity, and to enable them as Trustees to ensure that the Financial Statements comply with Charity Law.
The Trustees are also responsible for safeguarding the charity’s assets and hence for taking reasonable steps for the detection of fraud and other irregularities.
Board of Trustees
The Members of the board are set out in Page 3
Approved by the Trustees of Highlights on 30 Oct 2024 and signed on behalf of all of them
____ Trustee Mrs C Lias
Statement of Financial Activities for the Year Ending 31 December 2023
| Note Income and Expenditure Grants and Donations 2 Resources Expended Direct Charitable Expenditure 3 Support Costs Governance Costs Accountancy Total Resources Expended Net Income Reserves for Year Net Movement in Funds Balance Brouught Forward Balance Carried Forward |
Unrestricted Restricted Total Funds Funds 2023 2023 2023 £ £ £ 36,380 49,308 85,688 36,380 49,308 85,688 23,602 49,307 72,909 18,036 - 18,036 500 - 500 42,138 49,307 91,445 (5,758) 1 (5,757) |
Unrestricted Restricted Total Funds Funds 2023 2023 2023 £ £ £ 36,380 49,308 85,688 36,380 49,308 85,688 23,602 49,307 72,909 18,036 - 18,036 500 - 500 42,138 49,307 91,445 (5,758) 1 (5,757) |
Unrestricted Restricted Total Funds Funds 2023 2023 2023 £ £ £ 36,380 49,308 85,688 36,380 49,308 85,688 23,602 49,307 72,909 18,036 - 18,036 500 - 500 42,138 49,307 91,445 (5,758) 1 (5,757) |
2022 £ 103,952 103,952 71,063 28,120 500 99,683 4,269 |
|
|---|---|---|---|---|---|
| (5,758) 5,290 |
1 (1,074) |
(5,757) 4,216 |
4,269 1021 |
||
| (468) | - | (468) | 5,290 |
Balance Sheet 31 December 2023
| Note | ||||
|---|---|---|---|---|
| 2023 | 2022 | |||
| £ | £ | |||
| Current Assets | ||||
| Bank | 532 | 5,790 | ||
| Creditors | 4 | 1,000 | 500 | |
| Nett Current Assets | (468) | 5,290 | ||
| Total Assets Less Current Liabilties | (468) | 5,290 | ||
| Represented by: | ||||
| Restricted Funds | - | - | ||
| Unrestricted Funds | (468) | 5,290 | ||
| (468) | 5,290 |
The Financial Statements were approved by the Trustees on 30 Oct 2024 And signed on its behalf by
Mrs C Lias
Notes to the Accounts
1. Principal accounting policies Basis of Accounting
The accounts have been prepared under the historical cost convention in accordance with the Charities Act (Accounts and reports) 2005, and the Financial Reporting Standard for Smaller Entities (effective April 2008) and follow the recommendations in Accounting and Reporting by Charities: Statement of Recommended Practice (Issued October 2005 and revised May 2008)
2. Grants and Donations Received
[Only Grants and Donations > £1000 delineated here]
| Donations Received Arnold Clarke Hackney Youth Oppurtunity Fund Henry Smith Hobson Charity Invesco Cares Jewish Childrens's Holiday Fund Jewish Childs Day National Lottery Peoples Health Trust POM Charitable Trust Rocket Science The Rosa Fund The Crowfunder The London Community Fund The Sheldon Trust Souter CH Tallow Chandlers Tottenham Grammar School The Wakeham Trust |
2023 2023 2023 2022 2022 2022 £ £ £ £ £ £ 36,381.00 3,077.00 39,458.00 39,430.00 750.00 40,180.00 - - - 1,000.00 1,000.00 - - 4,930.00 4,930.00 - - 2,500.00 2,500.00 - - 2,500.00 2,500.00 - - 3,000.00 3,000.00 2,500.00 2,500.00 2,500.00 2,500.00 3,000.00 3,000.00 2,500.00 2,500.00 - - 9,800.00 9,800.00 17,820.00 17,820.00 1,845.00 1,845.00 5,000.00 5,000.00 8,000.00 8,000.00 - - 8,797.00 8,797.00 4,850.00 4,850.00 2,500.00 2,500.00 3,260.00 3,260.00 - - 9,800.00 9,800.00 - - - - 1,000.00 1,000.00 - - 2,000.00 2,000.00 - - 5,000.00 5,000.00 - - 4,000.00 4,000.00 - - 1,900.00 1,900.00 |
|---|---|
| 36,381.00 49,307.00 85,688.00 39,430.00 64,522.00 103,952.00 |
3 Analysis of Total Resources Expended
Charitable Activities
| Charitable Activities | |
|---|---|
| Cost of Activities in Furtherance of the Chariy's Objects Holiday Projects Project Management Show Performance Youth Club Projects Total Cost of Furtherance of Charitable Objects Support Costs Advertising Cost of Generating Funds Charity Donations Consultancy Office Costs Total Support Costs Governance Costs Accountancy Fees Furtherance of Charitable Objects Administration and Secretarial Volunteers Training and Programmes |
2023 2023 2023 2022 2022 2022 £ £ £ £ £ £ Total Total 11,434 23,000 34,434 6,000 40,106 46,106 5,100 651 5,751 5,615 581 6,196 2,815 6,500 9,315 2,000 4,795 6,795 2,755 1,836 4,591 1,000 4,130 5,130 1,498 17,320 18,818 1,000 13,836 14,836 Unrestricted Funds Restricted Funds Unrestricted Funds Restricted Funds |
| 23,602 49,307 72,909 15,615 63,448 79,063 534 440 - 440 3740 3,599 3,599 202 112 - 112 4823 5,990 - 5,990 2238 1,939 - 1,939 - - 6500 8,040 8,040 |
|
| 18,037 - - 20,120 - 20,120 500 - 500 500 - 500 |
|
| 42,139 49,307 91,446 36,235 63,448 99,683 |
|
4 Creditors and Accruals
| 2023 | 2022 |
|---|---|
| £ | £ |
| 1000 | 500 |
Independent Examiners Report to the Trustees
We report on the financial statements of Highlights for the Year Ending 31 December 2023
Respective Responsibilities of Trustees and Reporting Accountants
The Trustees of the charity are responsible for the preparation of the accounts, and they consider the audit requirement of section 144 of the Charities Act 2011 (The Act) does not apply. It is our responsibility to state, on the basis of the procedures specified in the General Directions given by the Charity Commissioners under section 249 of the Act, whether particular matters have come to our attention.
Basis of Independent Examiners Report
Our 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 you as the trustees concerning any such matters.
These procedures provide only the assurance expressed in our opinion.
The procedures undertaken do not provide all the evidence that would be required in an audit and consequently we do not express an audit opinion on the view given by the accounts.
Opinion
In our opinion, no matter has come to our attention;
1) Which gives us reasonable cause to believe that, in any material respect, the requirements
a) To keep accounting records in accordance with section 130 of the act, and
b) To prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or
2) To which, in our opinion, attention should be drawn in order to enable understanding of the accounts to be reached.
Reporting Examiner
Naphtolie Padwa 39 Watermint Quay London N16 6DN
Dated 30 October 2024