## **Trustees’ Annual Report for the period**
**From 01/04/2021 Period start date To 31/03/2022 Period end date**
## **Charity name: HIGHER POTENTIAL**
## **Charity registration number: 1178146**
## **Objectives and Activities**
**----- Start of picture text -----**
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 by enhancing their arts education
governing document including in higher or further
education and enabling their
personal development.
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
**----- End of picture text -----**
## **Additional information (optional)**
You may choose to include further statements where relevant about:
SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment
1
Para 1.38 Contribution made by volunteers Other
## **Achievements and Performance**
**----- Start of picture text -----**
SORP reference
We have successfully completed a
large project funded by Brent
Council to support young people
Summary of the main most displaced as a result of
Para 1.20
achievements of the large-scale local development,
charity, identifying the We also provided activities that
difference the charity’s helps with the development of
work has made to the skills and that helps to build their
circumstances of its confidence and self-esteem
beneficiaries and any through our development
wider benefits to society programmes
as a whole.
We have partnered with Jason
Roberts Foundation to run joint
courses and are excited about
working future projects together
We are becoming more known in
our community aided with the
links we have formed with Kilburn
Police safer neighbourhood
teams and have been able to
demonstrate our position as a
trusted intermediary and liaison
body in the community.
We have made our centre more
accessible to the community by
partnering with other local
organisations to make use of our
multi-purpose space.
**----- End of picture text -----**
## **Additional information (optional)**
You may choose to include further statements where relevant about:
|Achievements against
objectives set|Para 1.41|
|---|---|
2
**----- Start of picture text -----**
Performance of
fundraising activities Para 1.41
against objectives set
Investment performance Para 1.41
against objectives
Other
**----- End of picture text -----**
## **Financial Review**
Review of the charity’s Para 1.21 **Funds in 46466** financial position at the **Expenditure 46099** end of the period **Total net assets 0** Para 1.22 Amount of reserves held Para 1.22 **0** Reasons for holding zero Para 1.22 **All funds spent on activities** reserves Details of fund materially Para 1.24 **No deficit** in deficit Explanation of any Para 1.23 uncertainties about the charity continuing as a going concern
## **Additional information (optional)**
You may choose to include further statements where relevant about:
**----- Start of picture text -----**
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
**----- End of picture text -----**
3
other
## **Structure, Governance and Management**
**----- Start of picture text -----**
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
**----- End of picture text -----**
## **Additional information (optional)**
**----- Start of picture text -----**
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. We
related parties are also linked into our local CVS.
Other
**----- End of picture text -----**
5
## **Reference and Administrative details**
**----- Start of picture text -----**
Charity name Higher Potential
Other name the charity
uses
Registered charity 1178146
number
Charity’s principal 5 Hassop Road London NW2 6RX
address
**----- End of picture text -----**
6
## **Names of the charity trustees who manage the charity**
**----- Start of picture text -----**
Name of person (or body)
Dates acted if not for
Trustee name Office (if any) entitled to appoint trustee
whole year
(if any)
Duhaney Burke Chair
1
2 Denver Hamilton
3 Howard Buckley
4 Kita Ikoku (joined 1/4/2021)
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
**----- End of picture text -----**
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
**----- Start of picture text -----**
Trustee name Dates acted if not for
whole year
**----- End of picture text -----**
7
**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**
9
## **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** 29/01/2023
10
HIGHER POTENTIAL 1178146 **2021-22 Receipts and payments accounts For the period 06-Apr-22 05-Apr-22 06-Apr-22 from**
|**Section A Receipts and payments**|**Section A Receipts and payments**||||||
|---|---|---|---|---|---|---|
|**A1 Receipts**|**Unrestricted**
**funds**
**to the**
**nearest £**
**46,466**
**-**
**-**
**-**
**46,466**
**-**
**-**
**-**
**46,466**
**113**
**500**
**280**
**418**
**191**
**4,321**
**298**
**1,697**
**4,850**
**450**
**2,065**
**9,306**
**610**
**21,000**
**-**
**46,099**
**-**
**-**
**46,099**
**367**
**-**
**367**|**Restricted**
**funds**
**to the nearest**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**8,852**
**8,852**|**Endowment**
**funds**
**to the nearest**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Total funds**
**to the nearest**
**£**
**46,466**
**-**
**-**
**-**
**46,466**
**-**
**-**
**-**
**46,466**
**113**
**500**
**280**
**418**
**191**
**4,321**
**298**
**1,697**
**4,850**
**450**
**2,065**
**9,306**
**610**
**21,000**
**-**
**46,099**
**-**
**-**
**-**
**46,099**
**367**||**Last year**
**to the**
**nearest £**|
|**Local Authority Funding (LBB)**|**46,466**|||||**36,202**|
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
|**_Sub total_**_(Gross income for AR)_|**46,466**|||||**36,202**|
||||||||
|**A2 Asset and investment sales,**
**(see table).**|||||||
||**-**||||||
||**-**|||||**-**|
|**_Sub total_**|**-**|||||**-**|
|**_Total receipts_**
**A3 Payments**|||||||
|||||||**36,202**|
||||||||
|**Administration Cost**|**113**|||||**-**|
|**Bidding Cost**|**500**|||||**-**|
|**Building Security**|**280**||||||
|**Chq 100016**|**418**||||||
|**Deep Clean**|**191**||||||
|**Energy cost**|**4,321**||||||
|**Event Cost**|**298**||||||
|**Media Production**|**1,697**||||||
|**Miscellenous Other**|**4,850**||||||
|**Private Fuel**|**450**||||||
|**Production Cost**|**2,065**|||||**-**|
|**Project Manager**|**9,306**|||||**-**|
|**Radio Advertising**|**610**|||||**-**|
|**Rent Charge**|**21,000**|||||**-**|
|Prior Year Expense Charges|**-**|||||**27,350**|
|**_Sub total_ **|**46,099**|||||**27,350**|
||||||||
|**A4 Asset and investment**
**purchases, (see table)**|||||||
||||||||
||**-**||||||
|**_Sub total_ **|**-**|||||**-**|
|**_Total payments_**
**_Net of receipts/(payments)_**
**A5 Transfers between funds**
**A6 Cash funds last year end**
**_Cash funds this year end_**|||||||
|||||||**27,350**|
||||||||
||**367**|**-**|
**-**|**367**||**8,852**|
||**-**|**-**|**-**|**-**||**-**|
|||**8,852**|**-**|**8,852**||**-**|
||**367**|**8,852**|**-**|**9,219**||**8,852**|
CCXX R1 accounts (SS)
30/01/2023
1
**Section B Statement of assets and liabilities at the end of the period**
|**Categories**
Signed by one or two trustees on
behalf of all the trustees
**B1 Cash funds**
**B2 Other monetary assets**
**B4 Assets retained for the**
**charity’s own use**
**B5 Liabilities**
**B3 Investment assets**|Signature
Duhaney Burte
**Details**
**Details**
**Studio & Office Equipment**
**Details**
**Details**
**_Total cash funds_**
(agree balances with receipts
and payments account(s))
**Details**|**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**367**
**8,852**
**-**
**-**
**-**
**-**
**367**
**8,852**
OK
OK
**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to**
**which asset**
**belongs**
**Cost**
**(optional)**
**-**
**-**
-
**-**
-
**-**
-
**-**
**Fund to**
**which asset**
**belongs**
**Cost**
**(optional)**
**-**
**32,860**
**-**
**-**
**-**
**Fund to**
**which liability**
**relates**
**Amount due**
**(optional)**
**-**
**-**
**-**
**-**
**-**
Print Name
Duhaney Burte|**Endowment**
**funds**
**to nearest £**|
|---|---|---|---|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||OK|
||||**Endowment**
**funds**
**to nearest £**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**Current**
**value**
**(optional)**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**Current**
**value**
**(optional)**|
||||**-**|
||||**32,860**|
||||**-**|
||||**-**|
||||**-**|
||||**When due**
**(optional)**|
|||||
|||||
|||||
|||||
|||||
||||Date of
approval|
||Duhaney Burte|Duhaney Burte|30/01/2023|
|||||
CCXX R2 accounts (SS)
30/01/2023
2
## **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 2022 **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: 31/01/2023
Name: Bonny Needham
Relevant Financial Accountant
professional ACCA
**----- End of picture text -----**
1
**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).
2
**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.
3
**IER**
**October 2018**