Trustees’ Annual Report for the period
From 01/04/2022 Period start date To 31/03/2023 Period end date
Charity name: HIGHER POTENTIAL
Charity registration number: 1178146
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | To advance the education of music and arts of young people by enhancing their arts education including in higher or further education and enabling their personal development. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
To help young people especially, but not exclusively, those not in education or employment, those at risk of committing crime or becoming victims of crime, by providing access to mentoring, training and personal development using our 2 fully equipped recording studios. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | I can confirm the Trustees have had regard to the guidance |
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 Para 1.38 Contribution made by
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volunteers Other
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | We have successfully run a few more courses which we believe have increased our skillset to deliver to the wider community We also provided activities that helps with the development of skills and that helps to build their confidence and self-esteem through our development programmes Despite the lower funds raised this year ,We believe we have secured funding for the next 3 years which will enable a full time (paid ) worker to bring funds into the charity We have partnered with Jason Roberts Foundation to run joint courses and are excited about working future projects together We are stronger in the 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. |
Additional information (optional) You may choose to include further statements where relevant about:
Achievements against objectives set |
Para 1.41 |
|
|---|---|---|
| Performance of fundraising activities against objectives |
Para 1.41 |
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| set | ||
|---|---|---|
| Investment performance against objectives |
Para 1.41 | |
| Other |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | Funds in 14,109 Expenditure 39,259 Total net assets 0 |
| Para 1.22 | ||
| Amount of reserves held | Para 1.22 | 0 |
| Reasons for holding zero reserves |
Para 1.22 | All funds spent on activities |
| Details of fund materially in deficit |
Para 1.24 | No deficit |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 |
Additional information (optional)
You may choose to include further statements where relevant about:
The charity’s principal sources of funds (including any fundraising) |
Para 1.47 |
|
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 | |
| Other |
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Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Constitution |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | CIO |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Appointed or re-appointed and elected by members at AGM |
Additional information (optional)
You may choose to include further statements where relevant about:
Policies and procedures adopted for the induction and training of trustees |
Para 1.51 |
Trustees are inducted by being taken through our accounts, policies and information on our strategic direction. 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 and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 | Higher Potential are members of Young Brent Foundation who offer support, guidance and advice. We are also linked into our local CVS. |
| Other |
Reference and Administrative details
| Charity name | Higher Potential |
|---|---|
| Other name the charity uses | |
| Registered charity number | 1178146 |
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Charity’s principal address 5 Hassop Road London NW2 6RX
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Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Duhaney Burke | Chair | |||
| Denver Hamilton | ||||
| Howard Buckley | ||||
| Kita Ikoku | (joined 1/4/2021) | |||
– 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
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
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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 Secretary, Chair Chair, etc) Date 29/01/2024
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HIGHER POTENTIAL 1178146
2022-23 Receipts and payments accounts For the period ## 6-Apr-22 5-Apr-23 6-Apr-23 from
Section A Receipts and payments
| Section A Receipts and payments | ||||
|---|---|---|---|---|
| A1 Receipts Young Brent Foundation CVS Brent Others 5,619 - 5,619 - - Sub total - Total receipts 5,619 Unrestricted funds to the nearest £ Sub total(Gross income for AR) A2 Asset and investment sales, (see table). |
7,500 990 - - 8,490 - - - 8,490 Restricted funds to the nearest £ |
Endowment funds to the nearest £ |
Total funds 7,500 990 5,619 - 14,109 - - - 14,109 to the nearest £ |
Last year to the nearest £ |
| - - - - - |
7,500 | 46,466 | ||
| 990 | - | |||
| 5,619 | - | |||
| - | - | |||
| 14,109 | 46,466 | |||
| - - - |
||||
| - | ||||
| - | - | |||
| - | - | |||
| 8,490 | - | 14,109 | 46,466 |
| A3 Payments Administration Cost 113 Bidding Cost Building Security Chq 100016 Deep Clean 289 Energy cost 1,520 Event Cost 305 Media Production 1,720 Miscellenous Other 1,254 Private Fuel 211 Production Cost 2,065 Project Manager 2,984 Radio Advertising 798 Rent Charge 19,510 Prior Year Expense Charges - Sub total 30,769 |
A3 Payments Administration Cost 113 Bidding Cost Building Security Chq 100016 Deep Clean 289 Energy cost 1,520 Event Cost 305 Media Production 1,720 Miscellenous Other 1,254 Private Fuel 211 Production Cost 2,065 Project Manager 2,984 Radio Advertising 798 Rent Charge 19,510 Prior Year Expense Charges - Sub total 30,769 |
- - - - - 8,490 - 8,490 |
113 - - - 289 1,520 305 1,720 1,254 211 2,065 2,984 798 28,000 - 39,259 |
||
|---|---|---|---|---|---|
| Administration Cost | 113 | - | - - - - - - - - |
113 | 113 |
| Bidding Cost | - | - | 500 | ||
| Building Security | - | 280 | |||
| Chq 100016 | - | 418 | |||
| Deep Clean | 289 | 289 | 191 | ||
| Energy cost | 1,520 | 1,520 | 4,321 | ||
| Event Cost | 305 | 305 | 298 | ||
| Media Production | 1,720 | 1,720 | 1,697 | ||
| Miscellenous Other | 1,254 | 1,254 | 4,850 | ||
| Private Fuel | 211 | 211 | 450 | ||
| Production Cost | 2,065 | - | 2,065 | 2,065 | |
| Project Manager | 2,984 | - | 2,984 | 9,306 | |
| Radio Advertising | 798 | - | 798 | 610 | |
| Rent Charge | 19,510 | 8,490 | 28,000 | 21,000 | |
| Prior Year Expense Charges | - | - | - | ||
| **Sub total ** | 30,769 | 8,490 | 39,259 | 46,099 |
| A4 Asset and investment | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| purchases,(see table) | |||||||||||
| - | - | ||||||||||
| - | - | - | - | ||||||||
| **Sub total ** | - | - | - | - | - | ||||||
| **Total payments ** | 30,769 | 8,490 | - | 39,259 | 46,099 | ||||||
| **Net of receipts/(payments) ** | - 25,150 | - 0 | - | - 25,150 | 367 | ||||||
| A5 Transfers between funds | - | - | - | - | - | ||||||
| A6 Cash funds last year end | 8,852 | - | 8,852 | - | |||||||
| **Cash funds this year end ** | - 16,298 | - 0 | - | - 16,298 | 367 |
Section B Statement of assets and liabilities at the end of the period
| Categories B1 Cash funds B2 Other monetary assets B3 Investment assets B5 Liabilities B4 Assets retained for the charity’s own use Signed by one or two trustees on behalf of all the trustees |
Details Details Details Details Studio & Office Equipment Details Signature DuhaneyBurke Total cash funds (agree balances with receipts and payments account(s)) |
to nearest £ to nearest £ - 16,298 - 0 - - - - - 16,298 - 0 OK OK to nearest £ to nearest £ - - - - - - - - - - - - - - - - - 28,173 - - - - - - - - Print Name DuhaneyBurke Unrestricted funds Restricted funds Unrestricted funds Restricted funds Fund to which asset belongs Cost (optional) Fund to which asset belongs Cost (optional) Fund to which liability relates Amount due (optional) |
to nearest £ Endowment funds |
|---|---|---|---|
| - | |||
| - | |||
| - | |||
| - | |||
| OK | |||
| to nearest £ Endowment funds |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| 28,173 | |||
| - | |||
| - | |||
| - | |||
| When due (optional) |
|||
| Date of approval |
|||
| DuhaneyBurke | DuhaneyBurke | 1/30/2024 | |
| Fixed Assets | New Second hand |
Current |
|---|---|---|
| Total Computers |
5,500 1,349 | 2,955 |
| Total Air Conditioning |
4,099 1,150 | 2,450 |
| Total Musical Instruments |
5,500 2,625 | 4,250 |
| Total Studio Amplifiers |
3,900 1,570 | 1,100 |
| Total Studio Monitors |
5,510 3,200 | 2,950 |
| Total Mixing Consols |
82,000 8,950 | 7,270 |
| Total Soundcards |
2,649 820 | 500 |
| Total PA System |
- - | 500 |
| Total Soundproofing |
9,000 2,000 | 6,500 |
| Total Projectors |
899 450 | 200 |
| Total Hard Drive Storage |
1,000 250 | 120 |
| Total Security |
- - | 3,980 |
| Total Keyboard Modules |
8,900 2,400 | 4,174 |
| Total Recorders |
14,800 6,550 | 5,500 |
| Total Turntables |
549 445 | 380 |
| Total Vintage |
22,949 24,100 | 25,200 |
| Total Lighting (Film) |
5,600 1,650 | 2,550 |
| Total Outboard Modules |
30,697 14,790 | 20,630 |
| Total TV Monitors |
- - | 210 |
| Total Guitar Amps |
- - | 395 |
| Total Fixture & Fittings |
5,000 3,000 | 2,700 |
| Total Lighting (Studio Live | 1,500 900 | 500 |
| Total Electrics |
5,000 - | 5,000 |
| Total Leisure |
- - | 450 |
| Total Furniture |
1,700 350 | 930 |
| 216,752 76,549 | 101,394 - |
| Accumalted | Current year | ||
|---|---|---|---|
| B/f NBV Depreciation |
Additions | Tota Assets NBV Dep`n |
|
| - | 671 542 | 542 - 108 434 | |
| - | 572 520 | 520 - 52 468 | |
| - | 1,306 1,055 | 1,055 - 211 844 | |
| - | 781 631 | 631 - 126 505 | |
| - | 1,592 1,286 | 1,286 - 257 1,029 | |
| - | 4,454 3,597 | 3,597 - 719 2,878 | |
| - | 408 371 | 371 - 37 334 | |
| - - | - - - | ||
| - | 995 804 | 804 - 161 643 | |
| - | 224 203 | 203 - 20 183 | |
| - | 124 113 | 113 - 11 102 | |
| - - | - - - | ||
| - | 1,194 1,085 | 1,085 - 109 977 | |
| - | 3,260 2,961 | 2,961 - 296 2,665 | |
| - | 221 201 | 201 - 20 181 | |
| - | 11,993 10,896 | 10,896 - 1,090 9,806 | |
| - | 821 746 | 746 - 75 671 | |
| - | 7,360 5,944 | 5,944 - 1,189 4,755 | |
| - - | - - - | ||
| - - | - - - | ||
| - | 1,493 1,356 | 1,356 - 136 1,220 | |
| - | 448 407 | 407 - 41 366 | |
| - - | - - - | ||
| - - | - - - | ||
| - | 174 141 | 141 - 28 113 | |
| - | 38,094 32,859 | - | 32,859 - 4,686 28,173 |
%
20 10 20 20 20 20 10 10 20 10 10 10 10 10 10 10 10 20 10 10 10 10 10 10 20
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