COMPANY REGISTRATION NUMBER: 10407948
CHARITY REGISTRATION NUMBER: 1171742
NW7 Hub
Company Limited by Guarantee
Unaudited Financial Statements
31 March 2023
LEAMAN MArrEI
Chartered accountants
Suite 1, First Floor
1 Duchess Street
London
W1W 6AN

NW7 Hub
Company Llmited by Guarantee
Financial Statements
Year ended 31 March 2023
Page
Trustees, annual report (incorporating the director's report)
Independent examinerfs report to the trustees
Statement of financial activities (including income and
expendilure account)
Statement of financial position
Notes to th8 financial slatements
10
The followlng pages do not form part of the flnanclal stat8ments
Detailed statement of financial activities
19
Notes to the delailed statement of financial activities
20

NW7 Hub
Company Llmlted by Guarantee
Trustees. Annual Report (Incorporating the Director's Report)
Year ended 31 March 2023
The Iruslees, who are also the dlreclors for the purposes of company law, present Ihelr report and the
unaudited financial statements of the charity for Ihg year gndgd 31 March 2023.
ChalV$ réport
The financial statements have been prepared in accordance with the accounting polkies set out on
pa99$ 10 10 12 and the special provisions of Part 15 of the Compani6s Act 2006 relallng lo sm811
entities. These statements also comply with current slalutory requirements, the Memorandum snd
Arliclgs of Association and Accounting and Reporling by Charilios.. S18tement of Racommended
Practice Icharilies SORP IFRS 10211.
Reforence and admlnlstratlvo dotalls
Rogl$t¢red ¢harlty name
NW7 Hub
Charlty r•gl#tratlon numb•r
1171742
Company rgglstratlon numb•r 10407948
Prlnclpal offlco and r•glst•rod Mlll Hlll Library
offlce
Hartley Avenue
London
NW7 2HX
England
The trust••J
H Rouhanl
A Ghaffari
P Edward8
A Morley
V Doig
(Appolnted 7 November 20221
(Appoinled 7 Novemb&r 20221
IDled 4 October 20231
Indopondont exarnlnèr
Paul Mallei
Structur81 govornanco and managemont
NW7 Hub Is 8 private company limS18d by guarant89, incorporalgd on 3 October 2016 and is
registered charity, number 1171742. Registration was obtained on 3 October 2016, The NW7 Hub's
truslegs, who are also directors for the purposes of Cornpany Law, have control ol NW7 Hub and ils
property 8nd funds.
The Iruslees meet al regular intervals during oach year lo glve conslderalion lo the slatU8 of NW7
Hub's funding, rgserv&s and risks.
The trustees are appoinl8d by invSlatSon on lo the Board by existing trustees. On appoinlmenl, an
induction is given by an existing trustee explaining the procedures as well as an overview of the
administrative procedures employed by NW7 Hub. In addition all new Iruslees 8re given 8 Copy of the
code of conduct for a Irust8e, explaining in detail their role and responsibilities.

NW7 Hub
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Directorfs Report) (CDnfinuedJ
Year ended 31 March 2023
Objectlves and actlvitles
The NW7 Hub is a charity based in Mill Hill, North London and was created by a group of ¢ommS118d
Ioc81 residents with the ulkn'male vision lo build a new and vibrant comtnunity facility on tha site of the
Civil Defence Building in Daws Lane, Mill Hill, NW7 which once built will provide a host of activiti8s,
special gvenls and seNices for all ages.
Thè chartws objects are, for the public benefit, lo provide or assist in the provision of facilities in the
interests of social wemare for recreation or other leisure time occupation of individuals who have need
of such facilitiès by reason of their youth, ag8, inlirmily or disability, financial h8rd8hip or soclal
circumstances with th8 object of Impromng theSr condllions of Ilfe.
As part of IhSs journey In 2017 w8 began operating from Mill Hill Library building, ￿nnIng 8 10 year
contract lo operate the Mill Hill Library from 1 April 2017 on behalf of Barn81 Couricil and also
delivering a range of activities and $erviGo$ In the HUB lo enhance and to davtlop tha local area and
sense of a community.
with a team of wonderful volunteers, we have developed both the Llbrary. food and goods bank and
HU8 programme, including sessions for improving health and wellbeing, social acuvilles for adults and
seniors, musical and creative opportunities and baby and toddler classes. AS we continue to grow a8 a
charlly we welcome support for this community focused project.
The Hub has begn an incubator for over ten local predominantly female found¢d bu5in95se5 and ha5
supported over 30 jobs in the process.
Following the award of thè contract lo operate Mill Hill Partnership Library, we have been establishing
ours81v8s in th8 library and building firm foundations for growth and divorsily in subsequent years. 11
has Involved developlng relallonshlps whh our customèrs, building trust and support from th8
communbty, ensurlng our volunteers have the appropriate skills and rosources lo do Ihèlr job well.
evolving our partn8rship with London Borough of Barnel ILB81 and C￿aling natworks upon which lo
build. In parallel wg havg alsg been setting up Ihg HUB comrnunily aclvilies which will work closely
with the library and complernenl and add lo the breadth ol programmlng activitiès and engagernonl.
Publlc boneflt gtatomont
We are conscious that the Charflles Act 2011 emphaslse8 the requirement that all charities of every
kind musl be able lo demonstrat& that their work is of direct benefit lo the public. We believe that the
activities we fund through all income streams including grants. covor a wlde range of i8sue8, whlch wa
alggorlsg und9r'.
Health and Wellbeing
Learning and Cultural Enrichmènt
Community Cohesiveness and Interaction
Ngtwr)rking and Signposting
Food and Goods Bank
Local enterprise incubator

NW7 Hub
Company Llmlted by Guarantee
Trustees, Annual Report (Incorporating the Dlre¢torfs Report) (¢onllnu8dJ
Year ended 31 March 2023
A¢hlovomont8 and pertomianctt
As required of us in the Partnership Agreement we have reported monthly statistics lo Barnel Council
Library Services team in accordanca with the Schedule. Operational reviews have been conductad by
the Council and mallers discussed and aclioned as appropriate. Communlcallon with Counal
r8presanlaliv8s in Library Sarvices have bgen gflicienl and effective.
W8 have reported back lo th8 Barnel Food Hub and kept detailed records of demand for foodbank usè
and n&8ds of th8 clients as well as signposted support for them.
Pro
ra
mln
Rhymg lime has relumed and we h8ve 8UPPOrted 8 comMun￿Y garden program that h88 developed
food growth and suslalnabilily for our food and goods bank. We have wort(ed activity with Barnot
Councils Town Centr8 team and were dellghled lo d8liv8r a serles of evgnls In Mlll Hlll Broadway town
square thi8 year. Most notably th& Jublleè c818bralions with over 4000 allendees In partnershlp wlth
Mlll Hlll East Church, Barnel Hong Kong community and Mill Hlll Residonts Associats'on. In addition lo
this, we re-introduced Mill Hill Chill in a hybrid formal in person and online every Friday evenin9. The
foyer and reception area of the Library and 1Sbrary office were renovated last year as were the
loodbank decking area and lollets, lo offer a warm walcornlng environment and improve the worklng
space of our $18ff and volunlaers.
We have run aclivi1188 for our youth board through the year including quorterfy youth markets In the
Broadway which have been extremely 8ucce8sful.
As we continue lo support our community through the pandemlc and the cost of living orf515 we hav8
sean a return lo in person aclivrties.
Flnanclal rovlow
Totsl IncornSng rgsouroes amounted to £99,001 {2022.' £122,222). Th18 income Includes raslrloled
grants, reslricied 8nd unreslrlcled donations and rentsl Income. Thè lolal axpendiluro lor the year
amounl&d lo £75,93912022.. £45,0861188ving a nal surplus for the year of £23,06212022'. £77,136).
NW7 Hub had £3.33712022.. £3,836) of reslricled funds al 31 March 2023. Detail18 contained in thé
a￿oUnt8 hgroln.
Ro8èrv•i pollcy and goin9 concern
In vlew of the natur8 of the Tru81'8 acllvllles, the Irusla&s hav8 no policy on rosarves. Rather, they
88ek to ensure that li8bili1108 can be paid as they lall due without aGcumulattng unnecessarfly high
cash balances.
The tru8tee8 hav8 revlewed the current and future ca8hflow requlremenls of the charfty and concluded
that the charity has the ability lo meet ils debts as they fall due. On this ba51s the Iruslees conslder
Ihal thg going concgrn assumption 15 an appropriate basis on whlch lo preparo the financial
slalemenls.

NW7 Hub
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Directorfs Report) Iconllnued)
Year ended 31 March 2023
Plèn¥ for future perlods
Following the award of the contract lo operate Mill Hill Partnership Library, we have been estsblishlng
ourselves in tha library and building fimi foundations for growth and diversity in subsèquent years. It
has Involved developing relationships with our customèrs, building trust and support from the
cornmunlly, ensuring our volunteers hav6 the appropriate skills and resources to do their job well,
evolving our partnership with London Borough of Barnel ILBBI and creallng natworks upon which lo
build. In parallel we have also been selling up the HUB community acts'vilies which will work closaly
with the library and complement and add to the complementary HUB aclivilies. the Iruslees will locus
on th8 development of the new community centre in Daws Lan8. This will involve finalising the design,
wllh LBB, fundraising and additional community 8ngagemenl on the project. The Iruslee and staff wll
also Gonlinue lo devglop the team of voluntèers, further Improve policles and opèr811ng procedures
and ensure the financial 8Ltstsin8bilily of the charity.
We continua lo work Sn partnership with Bamel Council lo build 8 nèw community centre and Ilbrary In
Daws Lan8,
Fundr*lJlng •tat&m•nt
Sectlon 162a of the Chari1188 Act 2011 requlres charllles lo make a stslam6nl regarding lundralslng
actlvlti85. Alhough we do not currently undgrtake wldespr8ad fundrdbslng from the general publlc, Ihg
legislation defines fund raising as 'solicllln9 or olh8rwis8 procuring money or olh8r property lor
charitable purposes., Such amounts receivable arè presented in our accounts 88 "voluntary income.
and include legacies and oranls.
In relallon lo the above w8 confim that all solici18llons ar8 managed Internally, wlthoul involvemanl of
commerclal partlclpalor8 or professlonal fund-ralsers. or Ihlrd partle8. The board ha5 day lo day
management ol all income Ugneration.
The charity is not bound by any undertaking lo be bound by any regulatory schamo ond the charity
do88 not con8Ider il necessary lo comply with any voluntary code of practicè.
Wo have received no complaints In relation lo fundraisin9 aclivilies.

NW7 Hub
Company Limited by Guarantee
Trustees. Annual Report Ilncorporating the Dire¢torf5 Report) (¢ontlnts6dJ
Year ended 31 March 2023
Trustggs. rosponslbllltles
The trustees are responsible for preparing the annual report and the financial statements ol NW7 Hub
in accordance with the Companies Act 2006 and for being satisfied that the financial slalaments give a
true and fair vI6w. The tru81ees are also responsible for preparing the financial statements in
accordance wllh Unlted Kingdom Accounting Standards Iunlted Klngdom Generally Accepted
Accounllng Pracllcel.
Company law requires the Iruslees (who are Dlreclors of NW7 Hub) lo prepare financial slalements
for each financial year that giv8 8 true and fair vièw of the sla18 of affairs of NW7 Hub and of the
income and expandilure of NW7 Hub for that year. In preparing these flnanclal slalemenls, the
Iruslees are requlred.. to $8l&cl suitable accounting policies and then apply thèm consistonlly.,
make judgements and estirnales that are reasonable and prud8nt'.
lo prepare the flnanclal
slat8menls on a golng concern basis, unless It Is inapproprfate lo presurne that NW7 Hub wlll conts'nuo
In busln8$S.
Th6 tru8loes are r88ponsibl& for k8epSng adequate accounting records that show and explain NW7
Hub's Iransactlons, dlsclo8e wllh reasonable accuracy at any lime the flnanclal posbllon of NW7 Hub
and enable them to ensure that the flnanclal slalemenls comply wllh the Companl&s Act 2006.
Thoy aro also r08ponsiblg for safeguarding the a88e18 of NW7 Hub and hence for taking reasonable
sI8p8 for the prevenlSon and delectlon of fraud and olhar Irregularllig8.
The Iru81è8s Ilsled are dlreclors of the charitable oompany.
8mall company provl8lons
This report has been prepared in accordance with the provi8lons applicable lo companl8s entitled to
the small compan188 exemption.
The Iru51ees' annual report was approved on 22 Novembgr 2024 and 81gned on behalf of Ihg board of
Iruslees by..
haffari
Trustee
Adam Morlgy
Trustee

NW7 Hub
Company Limited by Guarantee
Independent Examlner's Report to the Trustees of NW7 Hub
Year ended 31 March 2023
I report lo the trustees on my examinallon of tha financial stslemenls of NW7 Hub Ilhe charity,) for the
year ended 31 March 2023.
R8sponslbllltl88 and basls of roport
A8 the trustees of the company land also kts directors for the purposes of company law) you are
responsible for the preparation of the flnanclal ststements in accordance with the requirements of the
Companies Act 20061'¢he 2006 Act,).
Havlng salisfled myself that th8 accounts of the company 8re not r6qulred lo be audlled under Part 16
of th8 2006 Act and are 8llgible for independent examinallon, I report in respect of my exarninalion of
tha charity's accounis as carried out under section 145 of the Charities Act 2011 I'lhe 2011 Acl'l. In
carrying out my examination I hav8 followed the Directions given by the Charlty Commission under
section 14515llbl ol the 2011 Act.
Ind•pond•nt oxamln•r'$ Statoment
I hav8 Completed my gxamSnalion. I conflrm Ih8t no matter8 have come to my attention in connèction
with th8 examSnalion givSng m& cause lo ball8ve'.
accounting remrds were not kept In re8pect ol the charity as requlred by section 386 of the
2006 AGI., or
the financlal statemen18 do not aecord with those records., or
the financial slalernents do not comply wllh th8 accounting requlrements of Section 396 of
the 2006 Act olhor than any requiremènt that the accounts gSv8 a 'lru8 and fairf vlew which
58 not o m811er con81dered as part of an Indepandgnl 8xamlnalion', or
thè lin8ncial slalements have not been prepared in ac¢ordanc8 with the molhod8 and
prlnciples of the Statement of Recommended Practice for accounting and reports'ng by
charities applicable lo charities prepartng their accounts in accordance with tho Financi81
Roporiing Standard appllcable in the UK and Republic of lieland IFRS 1021.
I have no conc8rns and havg corne across no other mallers In conneGlion with the examination lo
which attention should be drawn In Ihls report In order lo enable 8 proper understanding of the
accounts lo be reached.
Paul Mattgi
Independent Examiner
Leoman Mattel
Suite 1, First Floor
10uch&8s Street
London
W1W 6AN

NW7 Hub
Company Limited by Guarantee
Statement of Flnanclal Activities
(including income and expendlture account)
Year ended 31 March 2023
2023
Restricted
lunds Total funds Total lunds
2022
Unreslricled
fundg
Not•
Incoma and endowments
Donations and18gaci8s
Charbtable activlli8s
79,750
19,251
79,750
19,251
99,001
107,991
14,231
Total incom
99,001
122,222
Expendlture
Expendllure on charilablo activities
Totol gxp9ndlturo
75,439
75,439
499
75,939
75,939
45,088
499
45,086
N•t Incom• and not movemont In fund•
23,562
1499}
23,062
77,136
R•conclll•tlon of fund•
Total funds brought forward
Total fund8 carrled fopN)rd
104,019
127,581
3,836
107,855
130,918
30,719
3,337
107,85S
The statement of flnanc181 actlvllles Includ68 811 galns and10s898 r8cogn18ed In the y¢ar.
All income and expen(Jllure derive from conlinulng acllvllles.
The notes on pages 10 to 17 form part of these flnan¢lal statemfrnts.

NW7 Hub
Company Limited by Guarantea
Statement of Financial Position
31 March 2023
2023
2022
Not
Flx&d 0ss9ts
Tangible fixed assets
Investsnenls
14
15
1,263
1.683
1,264
1,684
Current a88•t$
Debtors
Cash at bank and in hond
18
128,545
20,792
149,337
89,248
30,406
119,eS4
Crodltorn: amounts fallSng due wlthln ono yoar
Net curront assets
17
17,083
10,482
131,654
109,172
Total assets less curr•nt Ilabllltles
132,918
110,856
Cr•dltorn: amount8 falllng du• aft•r more than
one ygar
18
2,001
130,917
3,001
N•t a88•ts
107,855
Fund• of tho chjrfty
Reslricled funds
Unr881rfcted funds
3,337
127,581
3,836
104,019
Total charlty fund•
21
130,918
107,855
For the year ending 31 March 2023 tho charity was entlll8d to exemption from audlt undor sgclion 477
of the Companies Act 2006 relating lo small companies.
Directors, re$pon8ibililie8'.
The members have not requiied the company lo obtsln 8n audit of ils financial statements for the
year in quesllon In 8ccordance with Section 476.,
The directors acknowlèdge their responsibllilies for complying with the requSremenls of the Act
with respect lo accounting records and the preparation ol financial sla18menls.
Thèse flnanei81 stslèmenls hav8 b88n prepared In accordanc¢ wllh Ihg prov151on8 appllcable to
companies subject to the small companies, regimè.
The statement of financial position
continues on the following page.
The not88 on page5 10 to 17 form part of these financial statements.

NW7 Hub
Company Limited by Guarantee
statement of Financial Position fcontlnu
31 March 2023
Th898 financial 8ts18menls wor8 approved by the board of trustees and authoris8d for issue on 22
Novemb8r 2024, and are signed on behaff of the board by-
All Ghaffa
Tru
Adam Morley
Truslge
Tho notos on paggs 10 to 17 fomi part of flnan¢lal statoments.

NW7 Hub
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2023
Genoral Infonnatlon
The charty is a publlc bènefit enlty and a prfvale company limited by guarantee, registered in
England and Wales and a registered charity in England and Wales. The 8ddres8 of the
registsred office is Mill Hill Library, Hartley Avenue, London, NW7 2HX, England.
sthtèmtrnt of compllance
These financial stalemgnts have been prepar8d in compliance ￿th FRS 102, 'The Financial
Reportlng Standard appllcablo in the UK and the Republic of Ir8land'. the Slalemenl of
Racommended Practice appllcabl8 lo charilles preparlng their accounts In accordance with the
Fln8ncial Reporting Standard appllcable in the UK and Republlc of Ireland IFRS 1021 IChariti88
SORP IFRS 10211 and the Companies Act 2006.
Accountlng pollclgs
Ba818 of praparatlon
The financial slalemenls have been prepared on the historical cost basis, as modified by th8
revaluation of certain financial assets and liabilities and inveslmgnl properties measured at falr
v8lu8 through Incom8 or expgndiluro.
The financial 8tslem8nls aro prepared In Slerllng, whlch18 the functional currency of th8 onlity.
Golng ¢oncorn
The Trust888 have revl8wed the current and future cashflow requlrem&nts of th8 chartly and
conclud8d that the charity has th& ability lo me61 Its debts as they fall due. On thSs basls the
Trustees consider that the going concern assurnplion is an appropriate basis on which lo prepare
the linanclal slalements.
Judg•m•nts and kay sourcal of •8tlmatlon uncortalnty
The preparallon of the fin8ncl81 $181emenls require8 man8gemenl lo make judgements.
oslimales and assumptions that affect the amoun18 reported. Th8s8 èslimales and judgemgnls
arg conlinually reviewed and are based on experi8nce and other factors, including expectallons
of future events that are believed to be r&asonabl8 under the Circumstances.
Fund accountlng
Unreslrlcled funds are available for use at the discretion of the Truslges lo further any of the
charitys purposes.
R8slricted funds are subjected lo rgstn'clions on Ihoir gxpenditurg declared by the donor or
through the terms of an appeal, and fall into one of two sub-clas5es.' reslricled income funds or
endowment funds.
Incomlng resourcos
All Income is Included in Ihg slalemenl of financial activities when enliUement has passed to the
charity, il is probable that the economic benefits associated with the Iransaclion will flow lo th8
Charity and the amount can be reliably measured. The following specific policios are applied to
particular categories of incomg..
10-

NW7 Hub
Company Llmlted by Guarantee
Notes to the Financial Statements (¢ontlnuod)
Year ended 31 March 2023
Accounting pollcle8 (contlnu
In¢omlng rgsour¢oS (¢ontinued)
income from donations or grants is recognised when there Ss e￿dence of enlillemenl to the gift,
receipt is probable and ils amount can be measured reliably.
R•sourc•s •xp•ndod
Expendilurg is r8cognisod on an accruals basls as a Ilablllly Is Incurrèd. Expendtture Include8 any
VAT whlch cannot bg fully recovered. and Is classlfled under hèadlng$ of the statement of
financial aclivill8s lo whlch11 relates..
expenditur8 on raising funds includes th8 costs of all fundraislng a¢livilies, events,
non-oharilabl8 Ir8dlng actsvilies, and the Sale of donated good8.
expenditure on charitsble aGlivities includes all costs Incurred by i charity In undertaklng
aclivitl8s that furthgr its charitable aims for the benefit of ils b8n8ficiaries, including those
support costs and costs relalino to the gov8rnance of th& charity apportioned to charltable
actkvltl88.
other expendllure Sncludes all expenditur8 that is neither relatgd to raising funds for the
ch8rity rK)r part of 118 expendSlure on charftable actlvbtles.
AII cost5 are allocated lo expenditure categories r811gcling the use of the resource. Direct costs
allribulable lo a single activity ar8 allocated directly lo that aclivlly. Shared costs are apporlioned
between the activities Ihoy contribute lo on a reasonable, jusltfi8blè and consistent basis.
Tanglblè a8¥•t¥
Tanglble asse18 are SnSllally recorded 81 cost, and subsèquently stated ot cost le88 any
accumulated depreciallon and Impalmienl108888.
D•preclatlon
Depreciab'on is calculalod so as lo write off the cost or valuallon of an asset, less its r8sidual
value, over the useful economic life of that ass81 as follows:
Fixtures and fitllngs
Equipment
25 /0 reducing balanGg
25% roducing balancg
Investments
Fixed asset investments are inilally recorded at cost, and subsequently slated at cost less any
accumulated impairment losses.
Govornmgnt grants
Government grants are recognised al the falr value of the asset re￿1Ve4 or receivable. Grants
are not recognised unlll there is reasonable a5suranco that th8 charity will comply wth the
conditions attaching lo them and thè grants will be received.
11

NW7 Hub
Company Limited by Guarantee
Notes to the Flnanclal Statements (¢ondfnuadJ
Year ended 31 March 2023
Accounting policios (Cunllnuod)
Govornmont grants (eontlnuBdJ
Wherè the grant does not impose specified fulure performanctr-fftlaled conditions on the
recipient, (( is recognised In income when the grant proceeds are r&ceived or receivable. Where
the grant does impose specified future performance-r8lal8d condillons on the recipient. It Is
recognised in income only whon the performance-relaled conditions have been mel. Where
grants received 8re prior to s81isfwng the revenue recognition criteria, they are recoonised as a
liabllhy.
Fln*n¢lal In?trument•
A flnanclal asset or a flnanclal Ilablllly Is recognls8d only when the entlly becomes 8 party lo the
contractU81 provlslons of the Instrumènt.
Basic financial instruments are initially recognis6d 81 the amount rècelvable or payable includlng
any relalgd transaction costs, unless the arrangement constitutes a financing transacuon, whera
il is rocognisgd al the presonl valu& of the future paymanls discounted at a markal rate of
intere81 for a 8imllar debt inslrumenl.
D8bl instruments are sub$gqugntly moasured al amortlsed c081.
Flnanclal assets that are measured al c081 or amortised cost &r8 reviewgd for oblecuve evidenca
of impaimenl at the end of each reporting dale. If there is gbj9Ctlve gvldence of impairmanl, an
impairment 108s is recognised under the approprialo heading in the slalemenl of financlal
aclvltles In whlch the inlllal galn w8s re¢ognSsed.
Any reversals of impairment are r8cognised immediately, lo Ihg extent that the reversal does not
result in a carrying amount ol thè financial assgt that 9xceeds what the carrying amount would
have begn had the impairmgnl not previously begn recognised.
Doflngd contrlbutlon plan4
Contributions lo defined contribution plans ar9 rocognisgd as an expense In thè period In whlch
Ihg relalgd service is providgd. Prepaid contributions are recognisad as an asset lo the extent
that the prepayment will léad lo a reduction in future paymgiils or a cash refund.
Llmlt&d by guarantee
The liability of Ihg Charity members is limilgd.
Every Charity member promises. If the Charfty 18 wound up whllst he is 8 Charity member or
Ihln one year after ceasing lo b8 a Charity m8mb8r, to contribute SUGh arnount as Is requlrad
up to a maximum of £1 towards..
wlnding up the Charlty
the payment of the debts and the payment of the costs, charges and expenses of Ilabilili88
incurred whilst the contributor was a Charity Member, 8nd
thè adjustment of the rights of the conlributories among Ihemselves
12.

NW7 Hub
Company Limited by Guarantee
Note5 to the Financial Statements (witlnuodj
Year ended 31 March 2023
Donatlons and16gacl•$
Unreslrfcled Total Funds UnTeslricled Total Funds
Funds
2023
Funds
2022
Grants
Llbrary
Furtough income (Govgrnmgnl grant
income)
79.750
79,750
106,224
106,224
1,767
1.767
79.750
79,750
107,991
107,991
CharltabS• actlvltles
Unrestricted Total Fund$ Uni8slricled Total Fund8
Funds
2023
Funds
2022
Llbrary
19.251
19,251
14,231
14,231
Exp•ndltur• on ¢h•rlt8bl• actlvltl•8 by fund typ•
Unrestricted
Funds
ReslrScl8d Total Fund8
Funds
2023
Library
Support costs
225
75,214
499
724
75,215
75,439
499
75,939
Unrestrlcted
Fund$
Re$lriGlgd Total Funds
Funds
2022
Llbrary
Support CO818
4,654
4,654
40,432
40,432
40,432
4,654
45,086
Expendlturt on charltable actlvltles by actlvlty type
Activilias
undertaken
directly Support costs
Total funds
2023
Total fund
2022
Library
Hub
Govemance costs
724
70,023
421
4,771
70,747
421
4.771
41,233
603
3,250
724
75,215
75,939
45,086
13-

NW7 Hub
Company Limited by Guarantee
Notes to the Financial Statements (conllnuod)
Year ended 31 March 2023
Analysls ofsupport costs
Llbrary Total 2023 Total 2022
Staff costs
Premises
G8neral
36,923
21,993
16,299
36,923
21,993
16,299
32,918
1,520
2,141
36,579
75,215
75,215
10. N&t Incom•
Net income is stsled after chargingl{cr8dillngl'.
2023
2022
Deprooialion of tangible fixed assets
420
560
11. Indepondgnt oxamlnatlon f•••
2023
2022
Fees payable to the independent examingr for..
Independent examination of the financial Statements
3,500
3,250
12. Stsff co#t•
The total stsff costs and employee ben8f118 for th8 reportlng perfod are analysed as follows..
2023
2022
Wages and salaiies
Employer conlributSons to pension pl8n8
36.116
807
32.573
345
36,923
32.918
The 8ver8ge hèad count of employees durlng the year was 312022.. 31- The average number of
full-lime 8quiva19nt employees durtng the year18 analysed as follows..
2023
N¢.
2022
No.
Libr8ry
No employee recelved employee bènefts of more than £60.0¢)O during the y68r12022.' Nill.
13. Trustefr rnmungratlon and expenses
The Trustees received no remuneration or benefits from NW7 Hub In the year.
-14-

NW7 Hub
Company Limited by Guarantee
Notes lo the Financial Statements (continved)
Year ended 31 March 2023
14. Tanglble flxed assets
Fixtures and
rittings
Equipment
Total
Cost
At 1 AprS12022 and 31 March 2023
Dopreclatlon
Al 1 April 2022
Charge for the year
At 31 March 2023
4.091
1,728
5,819
2.874
304
1,262
116
4,138
420
3,178
1,378
4,558
Carrylng amount
At 31 March 2023
913
350
1,263
At 31 March 2022
1,217
466
1,683
15. Investment•
3h•ro8 In
group
undertaklng•
Cost
At 1 Aprll 2022 and 31 March 2023
Impalrm•nt
At 1 Aprll 2022 and 31 March 2023
Carrying amount
Al 31 March 2023
Al 31 March 2022
I Inve8tmen18 Shown above are held at valuallon.
NW7 Hub Trading Ltd is a wholly owned subsidiary of the cornpany.
16. Oobto
2023
2022
Other debtors
128,545
89,248
15-

NW7 Hub
Company Limited by Guarantee
Notes to the Financial Statements (Mntlnuedj
Year ended 31 March 2023
17. Crèdltors: amounts falllng due wlthln ¢n• year
2023
2022
Trade creditors
Accruals and delèrrad Incom8
Other creditors
3,830
5,652
1.000
16,683
1,000
17,683
10,482
18. Creditor•'. amounts falllng du• aft•r mor• than on• y•ar
2023
2022
Other credllor8
2,001
3,001
19. P•nslon8 and other po¥t rntlrom•nt bèn•flt8
D&flnod contrfbutlon plan¥
The amount recognised in incorne or expenditurg as an 8xp8nse Sn relallon lo definèd
contribution pl8ns wos £80712022.. £3451.
20. Gov•rnm•nt grants
Tho arnounls rocognised in Ihg financial slalements for governmgnl gran18 are 88 follow8:
2023
2022
R8cogn18ed In Income from donallons and legacle8'.
Govornmenl grants In¢ome
1,767
21. Analysls of charltablo funds
Unrestrlcted fund•
At
31 March 202
Al
1 Aprll 2022
Income Expenditure
General fund8
104,019
99,001
175,4391
127.581
Al
31 March 202
At
1 AprS12021
Income Expenditure
General funds
22,229
122,222
140,432}
104,019
16-

NW7 Hub
Company Limited by Guarantee
Notes to the Financial Statements i￿ltInued)
Year ended 31 March 2023
21. Analy$l$ of eharitable funds (contlnuod)
R•strl¢tsd funds
At
31 M•r¢h 202
Al
1 Aprll 2022
Incom& Ex￿ndblure
Groundwork Grant
Donation for benefit of childrgn
14991
14991
3,636
3,836
3,836
14991
3,337
Al
31 March 202
At
1 Aprll 2021
Income Expenditure
Groundwork Grant
Donallon lor benefit of children
14,654)
{4,6541
8,490
8,490
8,490
14,6541
3,836
22. Analy818 of net as8Ot$ botwo•n funds
Unrestricted
Funds
ReslrScled Total Fund8
Funds
2023
TangSble flxed assets
Inveglmènts
Current assets
Credllors less than 1 ygor
Cr6dllor8 greater than 1 year
Net assets
1,263
1.263
146.000
117,6831
12,0011
127,580
3,337
149.337
{17,6831
{2,0011
130,917
3,337
Unreslricled
Funds
Reslricled Total Funds
Funds
2022
Tangible fixad a88818
Investments
Curr8nl assets
Credllors less than 1 y8ar
Creditors greater than 1 year
Ngt assgts
1,683
1,683
115,818
110,4821
13,0011
104,019
3.836
119,654
110,4821
13,0011
107.855
3,836
23. Related partles
Included in Other Debtors are amounts owng frow NW7 Hub Trading Ltd al the year end of
£128,545 12022.. £89,248). The loan Is unsecured,on Interest free terms and is repayable on
demand.
17-