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2023-03-31-accounts

Hoxton Health

A Charitable Company Limited by Guarantee

Report and Financial Statements For year ending 31% March 2023

Company number 6766670

Registered Charity Number 1127769 2% Floor, St Leonard’s Hospital, Nuttall Street, Hackney, N1 5LZ

Contents

,

Reference and Administrative Information Report of the Management Committee Independent Examiners Report Statement of Financial Activities Balance Sheet

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Directors // Trustees

Alevizos Alevizakos Alison Apthorp Anna Sizer Beverley Morris Carolyn Clark Elizabeth Lydiate Erika Earle Gerry Harris Jackie Brett Mohammed Mansour Valerie Edwards

(until 27" November 23) Treasurer

(until 31st December 2022) (until 27" November 2023) (until 26" October 2022) (from 27" November 2023) (from 27"" November 2023, Co-Chair) (until 9""° September 23, Chair, Co-Chair) (from 26" June 2022, Co-Chair) (from 27" November 2023, Treasurer) (from 27" November 2023)

Company Secretary Ann Brolan Liz Hughes

Until 31% January 2023 From 1% February 2023

Registered Office and Operation Address 24 Floor St Leonard’s Hospital, Nuttall Street, London N1 5LZ

Independent Examiner Aarti Bajrangee Penn Place, Northway Rickmansworth WD3 10G

Bankers CAF Bank 25 King’s Hill Avenue King’s Hill West Malling ME19 4JQ

Company Registration number 6766670 Charity Registration number 1127769

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Hoxton Health

Acompany limited by guarantee

Report of the Trustee Board

For the year ending March 2023

The Trustees are pleased to present their report along with the financial statements of the charity for the year ending 31 March 2023.

The accounts are prepared under the Statement of Recommended Practice, the Financial Reporting system applicable in the UK and Republic of Ireland and the Companies Act 2006.

Purpose

Hoxton Health was set up to

" To enable older people to lead independent lives within the community; " To improve the mobility of service users; " To offer service users coping strategies to deal with chronic degenerative diseases; " To reduce isolation; " To help older people make informed choices regarding their health care.

Public Benefit

Hoxton Health trustees have regard of the Charity Commission's public benefit guidance when reviewing the aims, objectives and activities of the charity.

Hoxton Health offers a range of one to one and group activities designed to support older people to maintain or improve their health and wellbeing.

Summary of the year

In the year we provided 3845 face to face treatments either in clinic or as home visits. Our client group are older people with one or more long term health conditions. We operate in an inner city borough with high levels of deprivation. Many of the people who use our services are from racially minoritised communities. Following COVID, it is widely recognised and reported that older people, people from minority communities and people from lower socio — economic groups were most at risk of developing serious illness and dying. This reflects our service user base so we continue to be concerned for their physical and mental health. COVID also impacted our service, and having re-opened fully in the last financial year, we have continued to build back our service, particularly in developing partnerships with local voluntary sector groups, and the local NHS.

Fundraising

This year we are grateful for grants and contracts from Compass Wellbeing, Pink Ribbon (with Macmillan), St Mary’s Secret Garden (for Tai Chi classes), Hackney Housing (for exercise classes) and to the City of London, Hackney Downs PCN, Shoreditch and City PCN, City and Hackney Clinic Commissioning Group/NEL for foothealth, and Mildmay Hospital (for foothealth in the hospital)

Our especial thanks go to City & Hackney Clinical Commissioning Group who paid our rent for 2021/22.

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Financial Review

Hoxton Health offers subsidised therapies and the fees make up about 50% of our income. During this year we incurred additional costs as we were paying therapists to cleanse and ventilate between appointments and we invested in PPE and sanitisers.

In the financial year 2022/23 we earned £67,994 in fees, towards our total costs of £124,647 with grant and contract income providing the balance.

Reserves Policy

Trustees reviewed the reserves policy in March 2021 and the designated reserves were set at £10,000 to cover short-term operation and any wind up costs, and / or to give time to identify further funding to ensure sustainability.

Investment Policy

The charities policy is to invest any surplus money in bank accounts earning interest.

Going Concern

The Trustees at the date of signing the report and accounts consider the charity a going concern based on their assessment of existing funds and secured income for the next year.

Risk Management Hoxton Health has a formal risk management process where risks are identified and are ranked by likelihood and impact. The board then considers mitigations. This leads to a risk control document that is reviewed at every board meeting.

Risk areas

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Future Plans

Based on previous survey work, continuing discussions in the Trustee Board, and direct feedback from patients we have some specific plans, and some areas for a concentrated review. We are planning a strategy day late 2023/24 to initiate the review work.

The review work will specifically look at:

We are planning to look at the following areas:

Marketing This was raised in the survey, and we know that sometimes it can be difficult for patients to find information, especially if they are not on the internet. We will work with other voluntary organisations to reach out more, as well as updating our website and social media — both for patients who are on the internet, and so that our partner organisations are more aware of what we can offer

Addressing isolation and continued pandemic recovery We know that our patients can be lonely and isolated, and we plan to work on developing out outreach and signposting, as well as checking in more regularly with people we have not heard from. We will also continue to support people with recovery from the impact of the pandemic, both through our Long Covid survey work, and in developing specific services

Patient records — we aim to improve our recording so we are able to highlight issues more readily, and also look to moving records more online

Structure Governance and Management

Legal Status

Hoxton Health is a company limited by guarantee incorporated on 5" December 2008. It was also registered as a Charity with the Charity Commission on 29'" January 2009. The company is governed by its Memorandum and Articles of Association. Membership of the company on 30" March 2022 consisted of the board. Each member has agreed, if necessary to pay £10 in the event of the charity winding up.

Trustees

The Trustees at the date of this report are shown on the reference and administrative page (page 3). The directors of the charitable company (the charity) are the trustees for the purposes of charity law and throughout this report are referred to as Trustees. They make up the Board of Trustees or Management Committee.

Recruitment and Appointment of Trustees

Trustees with relevant experience are recruited via agencies such as East London Business Alliance and from our membership. These are then co-opted onto the Board, by agreement of the board.

Trustee Induction and Training : New Trustees are given the Memorandum and Articles of Association and other literature relating to the organisation and its work. They are briefed on their legal obligations under Charity and Company Law and the recent financial performance of the Charity. Trustees have been inducted via virtual meetings this year, meeting with other trustees and the manager. They have also been given a role description of their roles and responsibilities. Trustees are encouraged to attend external learning events and / or join networks such as the Honorary Treasurers Forum.

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Organisation and Management

Ultimate responsibility for the organisation sits with the Trustees who, as the Trustee Board, meet every three months, virtually or in person. The Trustee Board is responsible for the strategic direction and policy of the charity.

The Charity employs a General Manager to oversee the day to day running of the organisation and has overall responsibility for delivering any projects, contracts or grants we may have. The following other than Trustees worked at the Charity in 2022/23:

General Manager

Ann Brolan (until 31% January 2023) ; Liz Hughes (from 1° February 2023)

Volunteer Coordinator Marie Poli until August 18t 2022

Finance and Clinic Administrator Ruth Kifle from 1st November 2022

Volunteers

Angela Nicholson Beatrice Howard Christina Tang Clare Temple Eral Mehmet Jane Fior Juliet Formby Kathryn Platten Oz Osmaston Sam Stephen Tonia Ramsden

Practitioners (self-employed)

Angelia Schiesches Cranial Sacral Therapy
Annemarie O'Sullivan Osteopathy
Esperanza Fernandez Acupuncture
Fatima Bailey Acupuncture
Jo Christophe Osteopathy
Paula Branch Foothealth
Raphaelle Levy Osteopathy
Rehana Patel Foothealth
Rose Maxwell Massage
RosemaryMason Massage

Remuneration Policy

The Trustees regard the Trustees and the General Manager as the key management personnel responsible for operating of the Charity. The Trustees volunteer their time and receive no remuneration. The Board reviews the remuneration of staff and those under contract to Hoxton Health annually.

Trustees responsibilities in relation to the accounts

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statements in accordance with applicable law and regulations.

Company law requires trustees to prepare financial statements for each financial year. Under that law the Trustees have elected to prepare the financial statements with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Practice and applicable law).

The financial statements are required by law to give a true and fair view of the state of affairs of the charitable company and of the surplus and deficit of the charitable company in that period. In preparing these financial statements trustees are required to: ° Select suitable accounting policies and apply them consistently e Observe methods and principles in the Charities SORP e Make judgements and estimates that are reasonable and prudent e State whether applicable accounting procedures have been followed, subject to any material departures disclosed and explained in the financial statements @ Prepare the financial statements on a going concern basis unless it is inappropriate to assume the charitable company 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 charitable company and enable them to ensure the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees also confirm that they have made all necessary enquiries and taken such steps as they ought to, to ensure they become aware of any relevant information and that they confirm that the charitable company’s independent examiner have been made aware of such information.

Signed on behalf of the Trustee Board b RRR, wn oe, Chair/Treasurer ......hbk. A eanc? itt a cies oc le,Sn

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HOXTON HEALTH (A company limited by guarantee)

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF HOXTON HEALTH FOR THE YEAR ENDED 31 MARCH 2023

| report to the trustees on my examination of the accounts of the above charity for the year ended 31 March 2023.

As the charity’s Trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act’).

| report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, | have followed all the applicable directions given by the Charity Commission under section 145(5)(b) of the Act.

| have completed my examination. | confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

| 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.

Aarti Bajrangee ACA BFP FCCA

Penn Place Northway Rickmansworth. WD3 1QG

pate 3) {61/ 2o2

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HOXTON HEALTH

(A company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023 (Incorporating the Income and Expenditure Account)

FOR THE YEAR ENDED 31 MARCH 2023

2022-2023 2021-2022
Unrestricted Restricted Total Unrestricted Restricted Total
Funds Funds Funds Funds Funds Funds
Note £ £ £
Income
Tome 3 2) / SOMROS, 5 BRNO 21,647 41,374 62,891
Donations 4 1,115 - 1,115 1,032 - 1,032
Outreach(Non
profit)		 3 : 2,808 2,808 - . .
Charitable
Activities
Fees 67,994 - 67,994 47,576 - 47,576
Otherincome 1,379 - 1,379 2,010 - 2,010
Investment
income		 5 351 - 351 9 - 9
Totalincome 70839 53,808 124,647 72,144 41,374 113,518
Expenditure
Expenditureon
Charitable
Activities
Staffcost 6 35,427 18,787 54,214 21,682 23,436 45,118
Management&
Finance Costs		 7 2,358 - 2,358 6,570 563 7,133
Sessional fees 18,430 46,288 64,718 20,973 26,377 47,350
Operational costs 5,648 6,816 12,464 6,367 7,000 13,367
TotalExpenditure 61,863 71,891 133,754 55,592 57,376 112,968
Netsurplus/(deficit) 8,976 (18,083) (9,107) 16,552 (16,002) 550
Fundsbroughtforward 24,571 51,030 75,601 8,019 67,032 75,051
Totalfunds carried
forward 33,547 32,947 66,494 24,571 21,030 75,601

The Statement of Financial Activities includes all gains and losses in the year. All income and expenditure derives from continuing activities.

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HOXTON HEALTH (A company limited by guarantee) BALANCE SHEET AS AT 31 MARCH 2023

----- Start of picture text -----
2022-2023 2021-2022
Notes £ £ £ £
Fixed Assets
Tangible assets 9 718 958
Current Assets
Debtors & prepayments 10 421 1,260
Cash at bank & in hand 81,375 88,726
81,796 89,986
Creditors: amounts falling
Due within one year 11 (16,020) (15,343)
Net Current Assets 65,776 ; 74,643
NET ASSETS 66,494 75,601
The funds of the charity
Restricted Funds 32,947 51,030
Unrestricted Funds
- Designated 10,000 10,000
- General 23,547 14,571
TOTAL CHARITY FUNDS 66,494 75,601
----- End of picture text -----

For the year ended 31 March 2023, the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 (the Act).

The members have not required the charitable company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Act.

The trustees acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

1]

HOXTON HEALTH

(A company limited by guarantee)

BALANCE SHEET AT 31 MARCH 2022

Approved and authorised for issue by the trustees on > ofo/ 208 signed on their behalf by:

Chair ) xKs Company Registration No. 06766670

Registered Charity No. 1127769

The notes on pages 10 to 15 form part of these accounts.

(2

HOXTON HEALTH

(A company limited by guarantee)

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31MARCH 2023

1.Accounting policies

The financial statements adhere to the historical cost convention and comply with the Statement of Recommended Practice for charities, effective January 2020. Additionally, they align with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the companies Act 2006.

Hoxton Health meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The financial statements are prepared based on the following principal accounting policies.

a) Going concern

The trustees, in evaluating the going concern status, have considered the anticipated effects of COVID-19. After reviewing forecasts and assessing the availability of unrestricted funds, they affirm that there are no significant uncertainties regarding the charity's ability to sustain itself as a going concern.

b) Critical accounting judgements and estimates

In preparing these financial statements, management has made judgements, estimates and assumptions that affect the application of the charity’s accounting policies and reported assets, liabilities, income and expenditure and the disclosures made in the financial statements. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

c) Income

Donations and miscellaneous income are recognized upon receivability. Grants receivables are reported in the Statement of Financial Activities once the charity is entitled to the funds, all performance conditions are satisfied, and the likelihood of receiving the income is probable with a reliably measurable amount.

d) Expenditure

All expenditure is included in the accounts on an accrual basis. The charity is not registered for VAT and, accordingly, all expenditure includes irrecoverable VAT. Administration expenditure comprises costs incurred in running the charity. Where appropriate, some of these costs have been allocated to direct charitable expenditure. e) Tangible fixed assets Fixed assets costing over £100 are capitalised at cost and depreciated ona straight-line basis over their expected useful lives, as follows: Computers, office equipment and furniture 4 years.

f) Cash at bank and in hand

Cash at bank and cash in hand includes cash and bank current account balances.

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HOXTON HEALTH

(A company limited by guarantee)

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31MARCH 2023 (continued)

1.Accounting policies (continued)

g) Financial instruments

The charity exclusively possesses basic financial instruments, encompassing trade and other receivables as well as payables, which are initially recorded at their transaction value and subsequently assessed at their settlement value. h) Creditors and provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. i) Fund accounting The charity classifies its held funds into the following categories. Unrestricted - funds which can be used in accordance with the charitable objects at the discretion of the trustee. Designated — Unrestricted funds designated for specific purposes by the trustees.

Restricted - Funds subject to specific donor-imposed restrictions.

j) Taxation The company is a registered charity, and accordingly is not subject to corporation tax on its charitable activities.

k) Pensions

The charity administers a defined contribution pension scheme for employees, with an independent pension provider managing the scheme's assets. The financial statements reflect pension costs as the contributions payable in the current year.

2. Legal status

The charity is a registered charitable company limited by guarantee. The members liability is limited. Evey member of the company undertake up to £10 to the assets of the company in the event of it being wound up. Members comprise the board as constituted from time to time. 10

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HOXTON HEALTH

(A company limited by guarantee)

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023 (continued)

3. Grants receivable

Grants received duringtheyear includedthe following: 2022-2023 2021-2022
£ £
Restricted grants
CityofLondon Foot Health 2,166 8,334
Hackney Giving (Mindfulness) 3 2,760
Hackney Information Grant z 7,485
CCG Foot Health 10,029 21,295
St MarySecret Garden 7,000 -
Pink Ribbon/ Macmillan 1,500 1,500
Sport England 7,170 -
Compass Well Being (London Fields PCN) 5,000 -
Shoreditch & City Foot Health 9,423 -
Hackney Downs PCN 5,970 -
BUPA 784 -
Mildmay Foot Clinic 928
ACS (African Community School) 1,030 -
Outreach 2,808 -
53,808 41,374
Unrestricted Grants
HMIRC FurloughGrants = 4,017
TCAP - 2,500
IndependentAge Grant - 15,000
Totalgrants received intheyear - 21,517
23,808 62,891
4. Donations
Otherdonations 2,115 1,032
5. Investment income
All investment income arisesfrom interest bearing
depositaccounts.

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HOXTON HEALTH

(A company limited by guarantee)

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31MARCH 2023 (continued)

6.
Staffcosts		 costs
Salaries 51,450 45,118
Pension costs 2,764 -
54,214 45,118

There were 2 staff (General Manager and Finance Administrator) from April to August with additional contracted help. From August, there were three staff, all were part-time employees and worked 3 days a week each. The General Manager/Clinic Administrator role was split across 2 staff from August to January.

Volunteers’ expenses of £34(£167 in 2022) relate to volunteers who assisted in the administration of the charity. The charity worked with 11 Volunteers (10 in 2022) over the year. It has not been possible to estimate the value of these services.

During the financial year 21/22, pension costs were consolidated with salary expenses. In 22/23, there was a distinct presentation with pension costs being categorised separately.

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HOXTON HEALTH

(A company limited by guarantee)

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31MARCH 2023 (continued)

7. Management and finance costs

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |2023|2022| |£|£| |Management and|finance|costs|include|the|following:| |Professional|fees|3,881|4,817| |Bank charges|133|101| |Depreciation|240|319| |Reconciliation Discrepancy|(1,896)|1,896| |2,358|2133|

----- End of picture text -----

8. Transactions with trustees

No trustee receives any remuneration or benefits from their trusteeship. During the year no trustees were reimbursed for the expenses (in 2022 no trustees were reimbursed for expenses).

9.Fixed assets - office equipment and furniture

----- Start of picture text -----
|||||| |---|---|---|---|---| |Cost| |At|1 April|2022|2,872|2,643| |Additions|-|229| |At 31|March|2023|2,872|2,872| |Depreciation| |At|1|April 2022|1,914|1,595| |Charge|for the year|240|319| |At 31march 2023|2,154|1,914| |Net book value| |At 31 March|2023|718|958| |At|1 April 2022|958|1,048| |10.Debtors| |Debtors & Prepayment|421|1,260| |11.Creditors| |Current Liabilities|16,020|15,343|

----- End of picture text -----

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HOXTON HEALTH

(A company limited by guarantee)

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31MARCH 2023 (continued)

12.Analysis of
charitable funds
At1April Total Total At 31 March
2022 Income Expenditure Transfer 2023
£ £ £ £ £
a)
Analysis offund
movements
Restricted funds
CityBridgeTrust 18,715 = (18,715) - :
Big LotteryReaching
communities 32,315 - - - 32,315
CityofLondon 2,166 (2,166) - -
CCGFootHealth 10,029 (9,397) 632
St Mary
Secret
ee		 7,000 (7,000) : ;
PinkRibbon 1,500 (1,500) = =
SportEngland 7,170 (7,170) = -
Compass well Being 5,000 (5,000) C -
Shoreditch&City 9,423 (9,423) a =
HackneyDowns 5,970 (5,970) = <
BUPA 784 (784) E :
ACS 1,030 (1,030) é :
MildmayfootClinic 928 (928) ~ ' =
Outreach 2,808 (2,808) = :
51,030 53808 (71,891) - 32,947
Unrestricted funds
Contingency fund 10,000 - - - 10000
Generalfund 14,571 70,839 (61,863) - 23,547
75,601 124647 (433,754) : 66,494

Restricted funds consist of donations received from donors for particular objectives. Additionally, a designated contingency fund has been established to safeguard the charity in case of a substantial decrease in funding.

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NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023(continued)

Fixed Current Current Total
assets assets liabilities
£ £ £
b) Analysis ofnetassetsbyfund
As at 31 March 2023
Restricted funds 5 32,947 > 32,947
Unrestricted funds 718 48,849 (16,020) 33,547
Total 718 81,796 (16,020) 66,494
As at 31 March 2022
Restricted funds : 51,030 - 51,030
Unrestrictedfunds 958 38,956 (15,343) 24,571
Total 958 89,986 (15,343) 75,601

13. Related party transactions

There were no related party transactions during the year.

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