2021-03-31-accounts - Higher Potential

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Trustees’ Annual Report for the period

From 01/4/2020 To 31/03/2021

Charity name: HIGHER POTENTIAL

Charity registration number: 1178146

Objectives and Activities

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SORP reference
Summary of the Para 1.17 To advance the education of
purposes of the charity music and arts of young people
as set out in its under the age of 25
governing document
Summary of the main Para 1.17 and To help young people especially,
1.19
activities in relation to but not exclusively, those not in
those purposes for the education or employment, those
public benefit, in at risk of committing crime or
particular, the activities, becoming victims of crime, by
projects or services providing access to mentoring,
identified in the training and personal
accounts. development using our 2 fully
equipped recording studios.
Statement confirming Para 1.18 I can confirm the Trustees have
whether the trustees had regard to the guidance
have had regard to the
guidance issued by the
Charity Commission on
public benefit
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Additional information (optional)

You may choose to include further statements where relevant about:

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SORP reference
Para 1.38
Policy on grant making
Policy on social Para 1.38
investment including
program related
investment
Para 1.38
Contribution made by
volunteers
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Other

Achievements and Performance

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SORP reference
Despite a slow start to the year,
because of the COVID pandemic, we
still managed to set up and run a
Summary of the main project funded by Brent Council to
Para 1.20
achievements of the support young people most displaced
charity, identifying the as a result of large-scale local
difference the charity’s development, and most
work has made to the disproportionately affected by Covid-
circumstances of its 19 with the development of skills and
beneficiaries and any activities that build their self-esteem,
wider benefits to society confidence and understanding of and
as a whole. motivation for the world of work
through our music development
programme.
We completed a National Lottery
funded mentoring programme with
vulnerable young people experiencing
mental health challenges, isolation
and bullying which was well received
by the community. Demand was so
high that we were unable to meet it,
and as such have factored this into
our funding plans for continuation at a
later date.
We are fast developing our local
footprint and our profile in the
community, aided by the links we
have formed with Met Police, The
Probation Service and Brent Young
Offending Service, and have been
able to demonstrate our position as a
trusted intermediary and liaison body
in the community.
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Additional information (optional)

You may choose to include further statements where relevant about:

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Achievements against Para 1.41
objectives set
Performance of
fundraising activities Para 1.41
against objectives set
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Investment performance Para 1.41 against objectives Other

Financial Review

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Review of the charity’s Para 1.21 Funds in £36201.00
financial position at the Expenditure £27349.00
end of the period Total net Assets £13742.00
Statement explaining Para 1.22 The aim is to work towards a
the policy for holding minimum of three months
reserves stating why running costs in unrestricted
they are held reserves
Amount of reserves held Para 1.22 £13742.00
Reasons for holding zero Para 1.22
reserves
Details of fund materially Para 1.24 0
in deficit
Explanation of any Para 1.23 We have a strong balance sheet,
uncertainties about the which we are confident will
charity continuing as a secure the future of the charity
going concern as a going concern
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Additional information (optional)

You may choose to include further statements where relevant about:

The charity’s principal sources of funds Para 1.47 (including any fundraising) Investment policy and objectives including any Para 1.46 social investment policy adopted A description of the Para 1.46 principal risks facing the charity Other

Structure, Governance and Management

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Description of charity’s
trusts:
Type of governing Para 1.25 Constitution
document
(trust deed, royal
charter)
How is the charity Para 1.25 CIO
constituted?
(e.g unincorporated
association, CIO)
Trustee selection Para 1.25 Appointed or re-appointed and
methods including elected by members at AGM
details of any
constitutional provisions
e.g. election to post or
name of any person or
body entitled to appoint
one or more trustees
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Additional information (optional)

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You may choose to include further statements where relevant about:
Trustees are inducted by being
taken through our accounts,
Policies and procedures policies and information on our
adopted for the Para 1.51 strategic direction.
induction and training of
trustees We access training sessions via
Young Brent Foundation to meet
our safeguarding responsibilities.
All new trustees meet with
existing trustees to understand
our direction, and broad
objectives are agreed for the
duration of their tenure.
The charity’s
organisational structure Para 1.51
and any wider network
with which the charity
works
Higher Potential are members of
Young Brent Foundation who offer
Relationship with any Para 1.51 support, guidance and advice.
related parties
Other
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Reference and Administrative details

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Charity name Higher Potential
Other name the charity
uses
Registered charity 1178146
number
Charity’s principal 5 Hassop Road London NW2 6RX
address
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Names of the charity trustees who manage the charity

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Name of person (or body)
Dates acted if not for
Trustee name Office (if any) entitled to appoint trustee
whole year
(if any)
1 Duhaney Burke Chair
2 Denver Hamilton
3 Howard Buckley
4 Fuad Uddin Resigned 5/1/2021
5 Ian Lewinson Resigned 5/1/2021
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
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Corporate trustees – names of the directors at the date the report was approved Director name

Name of trustees holding title to property belonging to the charity

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Trustee name Dates acted if not for
whole year
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Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity

Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Duhaney Burke Position (eg Chair Secretary, Chair, etc) Date 29/1/2022

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HIGHER POTENTIAL Charity No 1178146
Company No
Annual accounts for the period
Period start
date 6-Apr-20 5-Apr-21 5-Apr-21
Period end date
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Section A Statement of financial activities (including summary income and expenditure account)

Recommended categories by activity Guidance Note Unrestricted funds Endowment funds Total funds £ £ £ £ £ Income (Note 3) F01 F02 F03 F04 F05 Income and endowments from: Donations and legacies S01 - - - - - Charitable activities S02 16,202 - 16,202 - Other trading activities S03 20,000 - - 20,000 - Investments S04 - - 21,000 Separate material item of income S05 - - - - - Other S06 - - - - *Total* S07 36,202 - - 36,202 21,000 Expenditure (Notes 6) Expenditure on: Raising funds S08 4,754 4,754 - Charitable activities S09 1,279 1,279 6,347 Separate material expense item S10 316 316 Other S11 21,000 21,000 21,000 *Total* S12 27,349 - - 27,349 27,347 S13 8,853 - - 8,853 - 6,347 Tax payable S14 - - - - - S15 8,853 - - 8,853 - 6,347 Net gains/(losses) on investments S16 - - - - - Net income/(expenditure) S17 8,853 - - 8,853 - 6,347 Extraordinary items S18 - - - - Transfers between funds S19 - - - - - S20 - - - - - Other gains/(losses) S21 - - - - - *Net movement in funds* S22 8,853 - - 8,853 - 6,347 *Reconciliation of funds:* Total funds brought forward S23 - - - - - *Total funds carried forward* S24 8,853 - - 8,853 - 6,347 Restricted income funds Prior year funds Net income/(expenditure) before tax for the reporting period Net income/(expenditure) after tax before investment gains/(losses) Other recognised gains/(losses): Gains and losses on revaluation of fxed assets for the charity’s own use	Recommended categories by activity Guidance Note Unrestricted funds Endowment funds Total funds £ £ £ £ £ Income (Note 3) F01 F02 F03 F04 F05 Income and endowments from: Donations and legacies S01 - - - - - Charitable activities S02 16,202 - 16,202 - Other trading activities S03 20,000 - - 20,000 - Investments S04 - - 21,000 Separate material item of income S05 - - - - - Other S06 - - - - *Total* S07 36,202 - - 36,202 21,000 Expenditure (Notes 6) Expenditure on: Raising funds S08 4,754 4,754 - Charitable activities S09 1,279 1,279 6,347 Separate material expense item S10 316 316 Other S11 21,000 21,000 21,000 *Total* S12 27,349 - - 27,349 27,347 S13 8,853 - - 8,853 - 6,347 Tax payable S14 - - - - - S15 8,853 - - 8,853 - 6,347 Net gains/(losses) on investments S16 - - - - - Net income/(expenditure) S17 8,853 - - 8,853 - 6,347 Extraordinary items S18 - - - - Transfers between funds S19 - - - - - S20 - - - - - Other gains/(losses) S21 - - - - - *Net movement in funds* S22 8,853 - - 8,853 - 6,347 *Reconciliation of funds:* Total funds brought forward S23 - - - - - *Total funds carried forward* S24 8,853 - - 8,853 - 6,347 Restricted income funds Prior year funds Net income/(expenditure) before tax for the reporting period Net income/(expenditure) after tax before investment gains/(losses) Other recognised gains/(losses): Gains and losses on revaluation of fxed assets for the charity’s own use	Recommended categories by activity Guidance Note Unrestricted funds Endowment funds Total funds £ £ £ £ £ Income (Note 3) F01 F02 F03 F04 F05 Income and endowments from: Donations and legacies S01 - - - - - Charitable activities S02 16,202 - 16,202 - Other trading activities S03 20,000 - - 20,000 - Investments S04 - - 21,000 Separate material item of income S05 - - - - - Other S06 - - - - *Total* S07 36,202 - - 36,202 21,000 Expenditure (Notes 6) Expenditure on: Raising funds S08 4,754 4,754 - Charitable activities S09 1,279 1,279 6,347 Separate material expense item S10 316 316 Other S11 21,000 21,000 21,000 *Total* S12 27,349 - - 27,349 27,347 S13 8,853 - - 8,853 - 6,347 Tax payable S14 - - - - - S15 8,853 - - 8,853 - 6,347 Net gains/(losses) on investments S16 - - - - - Net income/(expenditure) S17 8,853 - - 8,853 - 6,347 Extraordinary items S18 - - - - Transfers between funds S19 - - - - - S20 - - - - - Other gains/(losses) S21 - - - - - *Net movement in funds* S22 8,853 - - 8,853 - 6,347 *Reconciliation of funds:* Total funds brought forward S23 - - - - - *Total funds carried forward* S24 8,853 - - 8,853 - 6,347 Restricted income funds Prior year funds Net income/(expenditure) before tax for the reporting period Net income/(expenditure) after tax before investment gains/(losses) Other recognised gains/(losses): Gains and losses on revaluation of fxed assets for the charity’s own use	Recommended categories by activity Guidance Note Unrestricted funds Endowment funds Total funds £ £ £ £ £ Income (Note 3) F01 F02 F03 F04 F05 Income and endowments from: Donations and legacies S01 - - - - - Charitable activities S02 16,202 - 16,202 - Other trading activities S03 20,000 - - 20,000 - Investments S04 - - 21,000 Separate material item of income S05 - - - - - Other S06 - - - - *Total* S07 36,202 - - 36,202 21,000 Expenditure (Notes 6) Expenditure on: Raising funds S08 4,754 4,754 - Charitable activities S09 1,279 1,279 6,347 Separate material expense item S10 316 316 Other S11 21,000 21,000 21,000 *Total* S12 27,349 - - 27,349 27,347 S13 8,853 - - 8,853 - 6,347 Tax payable S14 - - - - - S15 8,853 - - 8,853 - 6,347 Net gains/(losses) on investments S16 - - - - - Net income/(expenditure) S17 8,853 - - 8,853 - 6,347 Extraordinary items S18 - - - - Transfers between funds S19 - - - - - S20 - - - - - Other gains/(losses) S21 - - - - - *Net movement in funds* S22 8,853 - - 8,853 - 6,347 *Reconciliation of funds:* Total funds brought forward S23 - - - - - *Total funds carried forward* S24 8,853 - - 8,853 - 6,347 Restricted income funds Prior year funds Net income/(expenditure) before tax for the reporting period Net income/(expenditure) after tax before investment gains/(losses) Other recognised gains/(losses): Gains and losses on revaluation of fxed assets for the charity’s own use	Recommended categories by activity Guidance Note Unrestricted funds Endowment funds Total funds £ £ £ £ £ Income (Note 3) F01 F02 F03 F04 F05 Income and endowments from: Donations and legacies S01 - - - - - Charitable activities S02 16,202 - 16,202 - Other trading activities S03 20,000 - - 20,000 - Investments S04 - - 21,000 Separate material item of income S05 - - - - - Other S06 - - - - *Total* S07 36,202 - - 36,202 21,000 Expenditure (Notes 6) Expenditure on: Raising funds S08 4,754 4,754 - Charitable activities S09 1,279 1,279 6,347 Separate material expense item S10 316 316 Other S11 21,000 21,000 21,000 *Total* S12 27,349 - - 27,349 27,347 S13 8,853 - - 8,853 - 6,347 Tax payable S14 - - - - - S15 8,853 - - 8,853 - 6,347 Net gains/(losses) on investments S16 - - - - - Net income/(expenditure) S17 8,853 - - 8,853 - 6,347 Extraordinary items S18 - - - - Transfers between funds S19 - - - - - S20 - - - - - Other gains/(losses) S21 - - - - - *Net movement in funds* S22 8,853 - - 8,853 - 6,347 *Reconciliation of funds:* Total funds brought forward S23 - - - - - *Total funds carried forward* S24 8,853 - - 8,853 - 6,347 Restricted income funds Prior year funds Net income/(expenditure) before tax for the reporting period Net income/(expenditure) after tax before investment gains/(losses) Other recognised gains/(losses): Gains and losses on revaluation of fxed assets for the charity’s own use
-	-	-	-	-
-	-	-	-	-
8,853	-	-	8,853	- 6,347

-	-	-	-	-
8,853	-	-	8,853	- 6,347

1178146

Charity No Company No

HIGHER POTENTIAL A

Section B Balance sheet

Guidance Note Total last year £ £ £ £ £ Fixed assets F01 F02 F03 F04 F05 Intangible assets (Note 15) B01 - - - - - Tangible assets (Note 14) B02 - 38,455 - 38,455 47,121 Heritage assets (Note 16) B03 - - - - - Investments (Note 17) B04 - - - - - *Total fxed assets* B05 - 38,455 - 38,455 47,121 Current assets Stocks (Note 18) B06 - - - - - Debtors (Note 19) B07 - 1,987 - 1,987 265 Investments (Note 17.4) B08 - - - - - Cash at bank and in hand (Note 24) B09 - 19,241 - 19,241 - *Total current assets* B10 - 21,228 - 21,228 265 B11 - 7,486 - 7,486 - *Net current assets/(liabilities)* B12 - 13,742 - 13,742 265 *Total assets less current liabilities* B13 - 52,197-52,197 47,386 B14 - - - - - Provisions for liabilities B15 - - - - - *Total net assets or liabilities* B16 - 52,197 - 52,197 47,386 Funds of the Charity Endowment funds (Note 27) B17 - - - B18 43,345 43,345 - Unrestricted funds B19 8,852 - 8,852 - Revaluation reserve B20 - Fair value reserve B21 *Total funds* B22 8,852 43,345 - 52,197 - Unrestricte d funds Restricted income funds Endowment funds Total this year Creditors: amounts falling due within one year (Note 20) Creditors: amounts falling due after one year (Note 20) Restricted income funds (Note 27)	Guidance Note Total last year £ £ £ £ £ Fixed assets F01 F02 F03 F04 F05 Intangible assets (Note 15) B01 - - - - - Tangible assets (Note 14) B02 - 38,455 - 38,455 47,121 Heritage assets (Note 16) B03 - - - - - Investments (Note 17) B04 - - - - - *Total fxed assets* B05 - 38,455 - 38,455 47,121 Current assets Stocks (Note 18) B06 - - - - - Debtors (Note 19) B07 - 1,987 - 1,987 265 Investments (Note 17.4) B08 - - - - - Cash at bank and in hand (Note 24) B09 - 19,241 - 19,241 - *Total current assets* B10 - 21,228 - 21,228 265 B11 - 7,486 - 7,486 - *Net current assets/(liabilities)* B12 - 13,742 - 13,742 265 *Total assets less current liabilities* B13 - 52,197-52,197 47,386 B14 - - - - - Provisions for liabilities B15 - - - - - *Total net assets or liabilities* B16 - 52,197 - 52,197 47,386 Funds of the Charity Endowment funds (Note 27) B17 - - - B18 43,345 43,345 - Unrestricted funds B19 8,852 - 8,852 - Revaluation reserve B20 - Fair value reserve B21 *Total funds* B22 8,852 43,345 - 52,197 - Unrestricte d funds Restricted income funds Endowment funds Total this year Creditors: amounts falling due within one year (Note 20) Creditors: amounts falling due after one year (Note 20) Restricted income funds (Note 27)	Guidance Note Total last year £ £ £ £ £ Fixed assets F01 F02 F03 F04 F05 Intangible assets (Note 15) B01 - - - - - Tangible assets (Note 14) B02 - 38,455 - 38,455 47,121 Heritage assets (Note 16) B03 - - - - - Investments (Note 17) B04 - - - - - *Total fxed assets* B05 - 38,455 - 38,455 47,121 Current assets Stocks (Note 18) B06 - - - - - Debtors (Note 19) B07 - 1,987 - 1,987 265 Investments (Note 17.4) B08 - - - - - Cash at bank and in hand (Note 24) B09 - 19,241 - 19,241 - *Total current assets* B10 - 21,228 - 21,228 265 B11 - 7,486 - 7,486 - *Net current assets/(liabilities)* B12 - 13,742 - 13,742 265 *Total assets less current liabilities* B13 - 52,197-52,197 47,386 B14 - - - - - Provisions for liabilities B15 - - - - - *Total net assets or liabilities* B16 - 52,197 - 52,197 47,386 Funds of the Charity Endowment funds (Note 27) B17 - - - B18 43,345 43,345 - Unrestricted funds B19 8,852 - 8,852 - Revaluation reserve B20 - Fair value reserve B21 *Total funds* B22 8,852 43,345 - 52,197 - Unrestricte d funds Restricted income funds Endowment funds Total this year Creditors: amounts falling due within one year (Note 20) Creditors: amounts falling due after one year (Note 20) Restricted income funds (Note 27)	Guidance Note Total last year £ £ £ £ £ Fixed assets F01 F02 F03 F04 F05 Intangible assets (Note 15) B01 - - - - - Tangible assets (Note 14) B02 - 38,455 - 38,455 47,121 Heritage assets (Note 16) B03 - - - - - Investments (Note 17) B04 - - - - - *Total fxed assets* B05 - 38,455 - 38,455 47,121 Current assets Stocks (Note 18) B06 - - - - - Debtors (Note 19) B07 - 1,987 - 1,987 265 Investments (Note 17.4) B08 - - - - - Cash at bank and in hand (Note 24) B09 - 19,241 - 19,241 - *Total current assets* B10 - 21,228 - 21,228 265 B11 - 7,486 - 7,486 - *Net current assets/(liabilities)* B12 - 13,742 - 13,742 265 *Total assets less current liabilities* B13 - 52,197-52,197 47,386 B14 - - - - - Provisions for liabilities B15 - - - - - *Total net assets or liabilities* B16 - 52,197 - 52,197 47,386 Funds of the Charity Endowment funds (Note 27) B17 - - - B18 43,345 43,345 - Unrestricted funds B19 8,852 - 8,852 - Revaluation reserve B20 - Fair value reserve B21 *Total funds* B22 8,852 43,345 - 52,197 - Unrestricte d funds Restricted income funds Endowment funds Total this year Creditors: amounts falling due within one year (Note 20) Creditors: amounts falling due after one year (Note 20) Restricted income funds (Note 27)	Guidance Note Total last year £ £ £ £ £ Fixed assets F01 F02 F03 F04 F05 Intangible assets (Note 15) B01 - - - - - Tangible assets (Note 14) B02 - 38,455 - 38,455 47,121 Heritage assets (Note 16) B03 - - - - - Investments (Note 17) B04 - - - - - *Total fxed assets* B05 - 38,455 - 38,455 47,121 Current assets Stocks (Note 18) B06 - - - - - Debtors (Note 19) B07 - 1,987 - 1,987 265 Investments (Note 17.4) B08 - - - - - Cash at bank and in hand (Note 24) B09 - 19,241 - 19,241 - *Total current assets* B10 - 21,228 - 21,228 265 B11 - 7,486 - 7,486 - *Net current assets/(liabilities)* B12 - 13,742 - 13,742 265 *Total assets less current liabilities* B13 - 52,197-52,197 47,386 B14 - - - - - Provisions for liabilities B15 - - - - - *Total net assets or liabilities* B16 - 52,197 - 52,197 47,386 Funds of the Charity Endowment funds (Note 27) B17 - - - B18 43,345 43,345 - Unrestricted funds B19 8,852 - 8,852 - Revaluation reserve B20 - Fair value reserve B21 *Total funds* B22 8,852 43,345 - 52,197 - Unrestricte d funds Restricted income funds Endowment funds Total this year Creditors: amounts falling due within one year (Note 20) Creditors: amounts falling due after one year (Note 20) Restricted income funds (Note 27)
- 43,345			- 43,345 8,852 -	-
	43,345			-
8,852				-


8,852	43,345	-	52,197	-

The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.

*e small companies regime and in accordance with FRS102 SORP.*	*RS102 SORP.*
Duhaney Burke Duhaney Burke 1/31/2022 Duhaney Burke 03/02/2022 Duhaney Burke 1/31/2022 Signed by one or two trustees/directors on behalf of all the trustees/directors Date of approval 03/02/2022 Signature of director authenticating accounts being sent to Companies House	Duhaney Burke	Date of approval 03/02/2022
	Duhaney Burke	1/31/2022

	Duhaney Burke	03/02/2022
	Duhaney Burke	1/31/2022

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Print narne CC17a (Excell 0210312022

Section C Notes to the ac

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared under the historical cost c transaction value unless otherwise stated in the relevant note(

The accounts have been prepared in accordance with:

the Statement of Recommended P • and with* preparing their accounts in accorda in the UK and Republic of Ireland (F

• and with* ü the Financial Reporting Standard ap Ireland (FRS 102)

and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.*

-Tick as appropriate

1.2 Going concern

If there are material uncertainties related to events or c charity's ability to continue as a going concern, please p applicable", if appropriate:

An explanation as to those factors that support Providing ed the conclusion that the charity is a going the local com concern;

Disclosure of any uncertainties that make the Awareness n going concern assumption doubtful;

Where accounts are not prepared on a going concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.

These accoun

1.3 Change of accounting policy

The accounts present a true and fair view and no changes have note { }.

Yes ü * -Tick as appropriate No

Please disclose:

(i) the nature of the change in accounting policy;

(ii) the reasons why applying the new accounting policy provides more reliable and more relevant information; and

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(iii) the amount of the adjustment for each line affected in the current period, each prior period presented and the aggregate amount of the adjustment relating to periods before those presented, 3.44 FRS102 SORP.

1.4 Changes to accounting estimates

No changes to accounting estimates have occurred in the repo

Yes ü * -Tick as appropriate No

Please disclose:

(i) the nature of any changes;

(ii) the effect of the change on income and expense or assets and liabilities for the current period; and

(iii) where practicable, the effect of the change in one or more future periods.

1.5 Material prior year errors

No material prior year error have been identified in the reportin Yes* ü

No*

-Tick as appropriate

Please disclose:

(i) the nature of the prior period error;

(ii) for each prior period presented in the accounts, the amount of the correction for each account line item affected; and

(iii) the amount of the correction at the beginning of the earliest prior period presented in the accounts.

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ccounts

convention with items recognised at cost or

(s) to these accounts.

Practice: Accounting and Reporting by Charities ance with the Financial Reporting Standard applicable FRS 102) issued on 16 July 2014

pplicable in the United Kingdom and Republic of

London Borough of Brent

conditions that cast significant doubt on the provide the following details or state "Not

ucational music cources to young people within mmunity

one

nt were prepared on a going concerned basis

e been made to the accounting policies adopted in

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orting period (3.46 FRS102 SORP).

ng period (3.47 FRS102 SORP).

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Section C Notes to the accounts (cont)

Note 2 Accounting policies

This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or additional policy has been adopted then this is detailed in the box below.

2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE

Please provide a description of the nature of each change in accounting policy

Reconciliation of funds per previous GAAP to funds determined under FRS 102

Start of End of period period £ £ Fund balances as previously 265.00 19,241.00 stated Adjustments:

Fund balance as restated 265.00 19,241.00

Reconciliation of net income/(net expenditure) per previous GAAP to net income/(net expenditure) under FRS 102

*FRS 102*
*Adjustments:* Net income/(expenditure) as previously stated Previous period net income/(expenditure) as restated	£ *8,852.00* End of period
	*8,852.00*

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Section C Notes to the accounts (

Note 2	Accounting policies
2.2 INCOME
Recognition of income	These are included in the Statement of Financial Activities (SoFA) when:
	· the charity becomes entitled to the resources;
	· it is more likely than not that the trustees will receive the resources;	Yes*
	· the monetary value can be measured with sufcient reliability.	ü
Ofsetting	There has been no ofsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.	Yes* ü
Grants and donations	Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP).	Yes* ü
	In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specifed goods or services as entitlement to the grant	Yes*
	only occurs when the performance related conditions are met (5.16 FRS 102 SORP).	ü
	Legacies are included in the SOFA when receipt is probable, that is, when there has been
Legacies	grant of probate, the executors have established that there are sufcient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met.	Yes* ü
		Yes*
Government grants	The charity has received government grants in the reporting period
		ü
	Gift Aid receivable is included in income when there is a valid declaration from the donor.
Tax reclaims on	Any Gift Aid amount recovered on a donation is considered to be part of that gift and is	Yes*
donations and gifts	treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specifed otherwise.	ü
Contractual income and	This is only included in the SoFA once the charity has provided the related goods or	Yes*
performance related grants	services or met the performance related conditions.	ü
		Yes*
Donated goods	Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so.	ü
	The cost of any stock of goods donated for distribution to benefciaries is deemed to be the fair value of those gifts at the time of their receipt and they are recognised on	Yes*
	receipt. In the reporting period in which the stocks are distributed, they are recognised	ü
	as an expense at the carrying amount of the stocks at distribution.
	Donated goods for resale are measured at fair value on initial recognition, which is the
	expected proceeds from sale less the expected costs of sale, and recognised in 'Income	Yes*
	from other trading activities' with the corresponding stock recognised in the balance
	sheet. On its sale the value of stock is charged against 'Income from other trading activities' and the proceeds from sale are also recognised as 'Income from other trading	ü
	activities'.
	Goods donated for on-going use by the charity are recognised as tangible fxed assets	Yes*
	and included in the SoFA as incoming resources when receivable.	ü
	Gifts in kind for use by the charity are included in the SoFA as income from donations	Yes*
	when receivable.
		ü
Donated services and	Donated services and facilities are included in the SOFA when received at the value of	Yes*
facilities	the gift to the charity provided the value of the gift can be measured reliably.	ü
	Donated services and facilities that are consumed immediately are recognised as income	Yes*
	with an equivalent amount recognised as an expense under the appropriate heading in the SOFA.	ü
		Yes*
Support costs	The charity has incurred expenditure on support costs.
		ü
Volunteer help	The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.	Yes* ü

CC17 FRS 102 SORP

02/03/2022

Income from interest,	This is included in the accounts when receipt is probable and the amount receivable can	Yes*
royalties and dividends	be measured reliably.	ü
Income from membership subscriptions	Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies.	Yes* ü
	Membership subscriptions which gives a member the right to buy services or other	Yes*
	benefts are recognised as income earned from the provision of goods and services as income from charitable activities.	ü
Settlement of insurance claims	Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other income in the SoFA.	Yes* ü
Investment gains and losses	This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.	Yes* ü
2.3 EXPENDITURE	AND LIABILITIES
	Liabilities are recognised where it is more likely than not that there is a legal or	Yes*
Liability recognition	constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.	ü
Governance and support costs	Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its	Yes*
	compliance with regulation and good practice.	ü
	Support costs include central functions and have been allocated to activity cost
	categories on a basis consistent with the use of resources, eg allocating property costs by foor areas, or per capita, staf costs by the time spent and other costs by their usage.	Yes*
		ü
Grants with performance	Where the charity gives a grant with conditions for its payment being a specifc level of
conditions	service or output to be provided, such grants are only recognised in the SoFA once the	Yes*
	recipient of the grant has provided the specifed service or output.	ü
Grants payable without performance conditions	Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be	Yes*
	recognised.	ü
		Yes*
Redundancy cost	The charity made no redundancy payments during the reporting period.	ü
		Yes*
Deferred income	No material item of deferred income has been included in the accounts.
		ü
Creditors	The charity has creditors which are measured at settlement amounts less any trade discounts	Yes* ü
	A liability is measured on recognition at its historical cost and then subsequently	Yes*
Provisions for liabilities	measured at the best estimate of the amount required to settle the obligation at the reporting date	ü
Basic fnancial instruments	The charity accounts for basic fnancial instruments on initial recognition as per paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP.	Yes* ü
2.4 ASSETS
Tangible fxed assets for	These are capitalised if they can be used for more than one year, and cost at least
use by charity		Yes*
	They are valued at cost.	ü
	The depreciation rates and methods used are disclosed in note 14.
Intangible fxed assets	The charity has intangible fxed assets, that is, non-monetary assets that do not have physical substance but are identifable and are controlled by the charity through custody	Yes*
	or legal rights. The amortisation rates and methods used are disclosed in note 15.	ü
	They are valued at cost.	Yes* ü
Heritage assets	The charity has heritage assets, that is, non-monetary assets with historic, artistic, scientifc, technological, geophysical or environmental qualities that are held and maintained principally for their contribution to knowledge and culture. The depreciation rates and methods used as disclosed in note 16.	Yes* ü
		Yes*
	They are valued at cost.	ü
	Fixed asset investments in quoted shares, traded bonds and similar investments are
Investments	valued at initially at cost and subsequently at fair value (their market value) at the year end The same treatment is applied to unlisted investments unless fair value cannot be	Yes*

CC17 FRS 102 SORP

02/03/2022

end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment.

ü Yes ü Yes ü Yes ü Yes ü Yes ü Yes

Investments held for resale or pending their sale and cash and cash equivalents with a maturity date of less than 1 year are treated as current asset investments

Stocks and work in Stocks held for sale as part of non-charitable trade are measured at the lower or cost or progress net realisable value.

Goods or services provided as part of a charitable activity are measured at net realisable value based on the service potential provided by items of stock.

Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract.

Debtors (including trade debtors and loans receivable) are measured on initial Debtors recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.

The charity has investments which it holds for resale or pending their sale and cash and Current asset cash equivalents with a maturity date less than one year. These include cash on deposit investments and cash equivalents with a maturity of loss than one year held for investment purposes rather than to meet short-term cash commitments as they fall due.

ü rather than to meet short-term cash commitments as they fall due. Yes* They are valued at fair value except where they qualify as basic financial instruments. ü

POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE

CC17 FRS 102 SORP

02/03/2022

cont)

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No N/a
ü ü
No N/a
ü ü
No N/a
ü ü
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No N/a
ü ü
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No N/a
ü ü
No N/a
ü ü
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No N/a
ü ü
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No N/a
ü ü
No N/a
ü ü
No N/a
ü ü
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No N/a
ü ü
No N/a
ü ü
No N/a
ü ü
No N/a
ü ü
No N/a
ü ü
No N/a
ü ü
No N/a
ü ü
----- End of picture text -----

CC17 FRS 102 SORP

02/03/2022

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No N/a
ü ü
No N/a
ü ü
No N/a
ü ü
No N/a
ü ü
No N/a
ü ü
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No N/a
ü ü
No N/a
ü ü
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No N/a
ü ü
No N/a
ü ü
No N/a
ü ü
No N/a
ü ü
No N/a
ü ü
No N/a
ü ü
No N/a
ü ü
No N/a
ü ü
No N/a
ü ü
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----- Start of picture text -----
No N/a
ü ü
No N/a
ü ü
No N/a
ü ü
No N/a
ü ü
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No N/a

CC17 FRS 102 SORP

02/03/2022

----- Start of picture text -----
ü ü
No N/a
ü ü
No N/a
ü ü
No N/a
ü ü
No N/a
ü ü
No N/a
ü ü
No N/a
ü ü
No N/a
ü ü
----- End of picture text -----

CC17 FRS 102 SORP

02/03/2022

Section C Notes to the accounts (cont)

Note 3 Income

----- Start of picture text -----
Restricted
Unrestricted income Endowment
Analysis of income funds funds funds Total funds Prior year
£ £
Donations Donations and gifts - - - - -
and legacies: Gift Aid - - - - -
Legacies - - - - -
General grants provided by government/other
charities - 36,202 - 36,202 -
Membership subscriptions and sponsorships
which are in substance donations
- - - -
Donated goods, facilities and services - - - - -
Other - -
Total - 36,202 - 36,202 -
Charitable
activities: - - - - -
- - - - -
- - - - -
Other - - - - -
Total - - - - -
Other
trading - - - - -
activities: - - - - -
- - - - -
Other - - - - -
Total - - - [ - - ]
Income from Interest income - - - - -
investments: Dividend income - - - - -
Rental and leasing income - - - - -
Other - - - - -
Total - - - [ - - ]
Separate - - - - -
material - - - - -
item of - - - - -
income - - - - -
Total - - - [ - - ]
Other: Conversion of endowment funds into income
- - - - -
Gain on disposal of a tangible fixed asset held
for charity's own use - - - - -
Gain on disposal of a programme related
investment - - - - -
Royalties from the exploitation of intellectual
property rights - - - - -
Other - - - - -
Total - - - [ - - ]
TOTAL INCOME - 36,202 - 36,202 -
Other information:
All income in the prior year was unrestricted except for:
(please provide description and amounts)
Where any endowment fund is converted into income in the
reporting period, please give the reason for the conversion.
Within the income items above the following items are
material: (please disclose the nature, amount and any prior
year amounts)
----- End of picture text -----

CC17a (Excel)

02/03/2022

Where sums originally denominated in foreign currency have been included in income, explain the basis on which those sums have been translated into sterling (or the currency in which the accounts are drawn up).

CC17a (Excel)

02/03/2022

CC17a IExcell 17 0210312022

Section C Notes to the accounts

Note 4 Analysis of receipts of government grants

		This year
	Description	£
Government grant 1	Local Authority Grant	20,000
Government grant 2	Local Authority Grant	16,202
Government grant 3		-
Other		- Total 36,202
*Please provide details of any*
*unfulflled conditions and other*
*contingencies attaching to grants*
*that have been recognised in*
*income.*	None
*Please give details of other forms of*
*government assistance from which*
*the charity has directly benefted.*	None

CC17a (Excel)

02/03/2022

(cont)

Last year £ 9,534 - - - 9,534

CC17a (Excel)

02/03/2022

Section C Notes to the accounts (cont)

----- Start of picture text -----
Note 6 Expenditure
Restricted
Unrestricted income Endowment
Analysis of expenditure funds funds funds Total funds Prior year
£ £
Expenditure on Incurred seeking donations - - - - -
raising funds:
Incurred seeking legacies - - - - -
Incurred seeking grants
Operating membership schemes and
social lotteries
Staging fundraising events
Fundraising agents
Operating charity shops
Operating a trading company
undertaking non-charitable trading
activity 1,593 1,593
Advertising, marketing, direct mail and
publicity - 4,754 - 4,754 -
Start up costs incurred in generating
new source of future income - - - -
Database development costs - - - - -
Other trading activities -
Investment management costs: - - - -
Portfolio management costs - - - - -
Cost of obtaining investment advice
- - - -
Investment administration costs
- - - - -
Intellectual property licencing costs
- - - - -
Rent collection, property repairs and
maintenance charges - 21,002 - 21,002 -
- - - - -
Total expenditure on raising funds - 27,349 - 27,349 -
Expenditure on - - - - -
charitable
activities - - - - -
- - - - -
- - - - -
Total expenditure on charitable
activities - - - - -
Separate - - - - -
material item of
expense - - - - -
- - - - -
- - - - -
Total - - - - -
Other - - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Total other expenditure - - - - -
----- End of picture text -----

CC17a (Excel)

02/03/2022

TOTAL EXPENDITURE

27,349 - 27,349 -

CC17a (Excel)

02/03/2022

Other information:

Analysis of expenditure on charitable activities

----- Start of picture text -----
Grant
Activity or funding Support Total this Total prior
Activities undertaken directly
programme of Costs year year
activities
£ £ £ £ £
Activity 1 Students Drams Sessions 4,800 4,800
Activity 2 Students MUSIC tech Sessions 22,549 22,549
Other
Total 27,349 - 27,349 0
----- End of picture text -----

Prior year expenditure on charitable activities can be analysed as follows:

Within the expenditure items above the following items are material: (please disclose the nature, amount and any prior year amounts)

Where sums originally denominated in foreign currency have been included in expenditure, explain the basis on which those sums have been translated into sterling (or the currency in which the accounts are drawn up).

CC17a (Excel)

02/03/2022

Section C Notes to the accounts

Note 8 Funds received as agent

8.1 Please complete this note if the charity has agreed to administer the funds of another entity as its agent. Note: If a charity is acting as an agent, it should not recognise the income in the Statement of Financial Activities or the Balance Sheet.

----- Start of picture text -----
Balance held at period
Amount received Amount paid out end
Description/name of party Related
party (Yes This year Last year This year Last year This year Last year
or No) £ £ £ £ £ £
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Total - - - - - -
8.2 Where a consortia or similar arrangement exists whereby 2 or more charities co-operate to achieve economies in the
purchase of goods or services, please disclose details of any balances outstanding between any participating members.
Balance held at period
Description/name of party
end
This year Last year
£ £
- -
- -
- -
- -
- -
Total - -
----- End of picture text -----

CC17a (Excel)

02/03/2022

Section C Notes to the accounts

Note 14 Tangible fixed assets Please complete this note if the charity has any tangible fixed assets

14.1 Cost or valuation

£ Freehold land & buildings	£ Other land & buildings	£ Plant, machinery and motor vehicles	£ Fixtures, fttings and equipment	Total £
-	-	-	72,500	72,500
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	72,500	72,500
-	-	-	47,121	47,121
-	-	-	38,455	38,455

CC17a (Excel)

02/03/2022

14.4 Impairment

Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.

14.5 Revaluation

If an accounting policy of revaluation is adopted, please provide:

the effective date of the revaluation

the name of independent valuer, if applicable

the methods applied and significant assumptions

the carrying amount that would have been recognised had the assets been carried under the cost model.

14.6 Other disclosures

(i) Please state the amount of borrowing costs, if any, capitalised in the construction of tangible fixed assets and the capitalisation rate used (ii) Please provide the amount of contractual commitments for the acquisition of tangible fixed assets.

(iii) Details of the existence and carrying amounts of property, plant and equipment to which the charity has restricted title or that are pledged as security for liabilities.

* The "transfers" row is for movements between fixed asset categories.

** Please indicate the method of depreciation by deleting the method not

CC17a (Excel)

02/03/2022

Straight Line ("SL")

CC17a (Excel)

02/03/2022

Section C Notes to the accounts

Note 19 Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

19.1 Analysis of debtors

Trade debtors Prepayments and accrued income Other debtors Total	This year £
	1,987.0
	-
	-
	1,987.0

Complete 19.2 where a material debtor is recoverable more than a year after the rep date.

19.2 Disclosure of debtors recoverable in more than 1 year (included in debtors a

Trade debtors Prepayments and accrued income Other debtors Total	This year £
	-
	-
	-
	-

CC17a (Excel)

02/03/2022

(cont)

Last year £ - - - -

porting

bove)

Last year £ - - - -

CC17a (Excel)

02/03/2022

Section C Notes to the accounts

Note 20 Creditors and accruals

Please complete this note if the charity has any creditors or accruals.

20.1 Analysis of creditors

Amounts falling due within one year	Amounts falling due within one year	Amounts f after more t
This year £	Last year £	This year £
3,500	-	-
-	-	-
3,986	-	-
-	-	-
-	-	-
-	-	-
-	-	-
7,486	-	-

20.2 Deferred income

Please complete this note if the charity has deferred income.

Please explain the reasons why income is deferred.

*Movement in deferred income account* Balance at the start of the reporting period Amounts added in current period Amounts released to income from previous periods Balance at the end of the reporting period	This year £
	-
	-
	-
	-

CC17a (Excel)

02/03/2022

(cont)

falling due han one year Last year £ - - - - - - - -

falling due han one year

Last year £ - - - -

CC17a (Excel)

02/03/2022

----- Start of picture text -----
||| |---|---| |Section C Notes to the accounts| |Note 24 Cash at bank and in hand| |This year| |£| |Short term cash investments (less than 3 months maturity date)| |Short term deposits|-| |Cash at bank and on hand|19,241| |Other|-| |Total|19,241|

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

CC17a (Excel)

02/03/2022

(cont)

----- Start of picture text -----
Last year
£
-
265
-
265
----- End of picture text -----

CC17a (Excel)

02/03/2022

Section C Notes to the accounts (cont)

Note 27 Charity funds

27.1 Details of material funds held and movements during the CURRENT reporting period

Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds' (which should include revaluation reserve and fair value reserve, if applicable). The 'Total funds' figure below should reconcile to 'Total funds' in the balance sheet.

* Key: PE - permanent endowment funds; EE - expendable endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds

----- Start of picture text -----
Fund Fund
balances balances
Type PE, EE
Purpose and Restrictions brought Gains and carried
R or UR
forward Income Expenditure Transfers losses forward
Fund names £ £ £ £ £ £
Balance Sheet Reserve 43,345 - - - - 43,345
- 8,852 - - - 8,852
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Other funds (balancing
figure) N/a N/a - - - - - -
Total Funds as per balance sheet 43,345 8,852 - - - 52,197
Yes No
Fund balances carried forward include assets and liabilities denominated in a foreign currency ü ü
----- End of picture text -----*

If yes, please state the basis on which the assets and/or liabilities have been translated into sterling (or the currency in which the accounts are drawn up).

CC17a (Excel)

02/03/2022

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the Charity Name trustees/ members Higher Potential of 05[th] April 2021 Charity 1178146 On accounts for the no (if year ended any) Set out on pages (remember to include the page numbers of additional sheets)

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 05/04/2021

Responsibilities and As the charity trustees of the Trust, you are responsible for the basis of report 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 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent I have completed my examination. I confirm that no material examiner's matters have come to my attention (other than that disclosed statement below *) in connection with the examination which gives me cause to believe that in, any material respect:  accounting records were not kept in accordance with section 130 of the Act or  the accounts do not accord with the accounting records I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. * Please delete the words in the brackets if they do not apply.

----- Start of picture text -----
Signed: Bonny Needham Date: 31/01/2022
Name: Bonny Needham
Relevant Financial Accountant
professional ACCA
----- End of picture text -----

IER

October 2018

qualification(s) or body (if any):

Address: 109 Park Lane Harrow Middlesex

Section B Disclosure

Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

IER

October 2018

Give here brief I did have some concerns regarding the administration within the details of any items charity, I have advised the trustees that they should implement a that the examiner more robust policy and procedures in regards to documents and wishes to disclose . records keeping.

This has now been met and the trustee has made assurances this will be carried out going forward.

IER

October 2018