## **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 1 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|| 2 |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||| 3 ## **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| 5 Charity’s principal address 5 Hassop Road London NW2 6RX 6 **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** 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** 8 ## **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 9 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 Q