## **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
- b. Make judgements and estimates that are reasonable and prudent
- c. Follow applicable accounting standards and the Charities SORP 2008, disclosing and explaining any departures in the financial statements
- 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