## **Trustees’ Annual Report for the period**
## **From 01/04/2023 To 31/03/2024**
## **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 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|Against a harsh backdrop of continued
uncertainty for many in our community,
increased living costs and reduced
investment locally, we are proud of the
progress that we have made this year.
We have secured multi-year funding
towards our core costs for the next three
years which will enable enhanced
investment into our sustainability,
diversifying our income including more
focus on earned income for use of our
state-of-the-art recording studios, and
increasing the profile of our space with
local partners.
We have continued to build on the
relationships we have locally, working more
closely with Brent Council and the
Metropolitan Police as a trusted
intermediary and liaison body in the
community. In addition, working more
closely with local delivery partners has
enabled us to make our multi purpose
space more accessible to the community.
The courses that we have delivered have
responded to local need, focusing on
personal development, confidence and self
esteem through music development for
children and young people who are most
at-risk of not fulfilling their potential and
becoming perpetrators or victims of crime.|
## **Additional information (optional)** You may choose to include further statements where relevant about:
Achievements against Para 1.41 objectives set Performance of fundraising activities against objectives Para 1.41 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 £71,425
Expenditure £52,539
This is a marked increase from the
previous year, owing to success in securing
multi-year funding including a core
contribution to our running costs.|
|Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|Our policy is to achieve three months of
running costs.|
|Amount of reserves held|Para 1.22|Zero|
|Reasons for holding zero
reserves|Para 1.22|Whilst we have a more healthy balance,
challenges previously have prevented us
from building up any unrestricted reserves.|
|Details of fund materially in
deficit|Para 1.24|N/A|
|Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|Trustees continue to explore a long term
solution to retaining at our current address.|
## **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|||
## **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|Charity Incorporated Organisation|
|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|
|Charity’s principal address|5 HASSOP ROAD LONDON NW2 6RX|
## **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|Chairman|||
||Denver Hamilton||||
||Howard Buckley||||
||Kita Ikoku||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
## – 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**
## **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 Secretary,** Chairman **Chair, etc)**
**Date**
16/01/2025
|1178146
HIGHER POTENTIAL
**Receipts andpayments accounts**|**2023-24**|
|---|---|
|**06-Apr-24**
**05-Apr-24**
**For the period**
**from**
**06-Apr-23**||
|**Section A Receipts and payments**|**Section A Receipts and payments**||||||
|---|---|---|---|---|---|---|
|**A1 Receipts**|**Unrestricted**
**funds**
**to the**
**nearest £**
**5,600**
**-**
**5,600**
**-**
**-**
**-**
**5,600**
**-**
**-**
**-**
**-**
**-**
**5,600**
**-**
**- 25,150**
**- 19,550**|**Restricted**
**funds**
**to the nearest**
**£**
**650**
**500**
**40,000**
**5,000**
**19,675**
**-**
**-**
**65,825**
**-**
**-**
**-**
**65,825**
**497**
**6,787**
**1,182**
**-**
**127**
**991**
**226**
**600**
**4,152**
**-**
**1,528**
**350**
**100**
**36,000**
**-**
**52,539**
**-**
**-**
**52,539**
**13,286**
**-**
**13,286**
1|**Endowment**
**funds**
**to the nearest**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Total funds**
**to the nearest**
**£**
**650**
**500**
**40,000**
**5,000**
**19,675**
**5,600**
**-**
**71,425**
**-**
**-**
**-**
**71,425**
**497**
**6,787**
**1,182**
**-**
**127**
**991**
**226**
**600**
**4,152**
**-**
**1,528**
**350**
**100**
**36,000**
**-**
**52,539**
**-**
**-**
**-**
**52,539**
**18,886**||**Last year**
**to the**
**nearest £**|
|Arts 4 Dementia||||||**7,500**|
|CVS Brent||||||**990**|
|John Lyons Charity||||||**-**|
|Locality||||||**-**|
|National Lotary||||||**-**|
|Others|**5,600**|||||**5,619**|
||**-**|||||**-**|
|**_Sub total_**_(Gross income for AR)_|**5,600**|||||**14,109**|
||||||||
|**A2 Asset and investment sales,**
**(see table).**|||||||
||**-**||||||
||**-**|||||**-**|
|**_Sub total_**|**-**|||||**-**|
|**_Total receipts_**
**A3 Payments**|||||||
|||||||**14,109**|
||||||||
|**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**|
|**Project Cost**||||||**2,065**|
|**Project Manager**||||||**2,984**|
|**Radio Advertising**||||||**798**|
|**Rent Charge**||||||**28,000**|
|Prior Year Expense Charges|**-**||||||
|**_Sub total_ **|**-**|||||**39,259**|
||||||||
|**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_**
CCXX R1 accounts (SS)|||||||
|||||||**39,259**|
||||||||
||**5,600**|**13,286**|**-**|**18,886**||**- 25,150**|
||**-**|**-**|**-**|**-**||**-**|
||**- 25,150**||**-**|**- 25,150**||**-**|
||**- 19,550**|**13,286**
1|**-**|**- 6,264**||**- 25,150**
14/01/2025|
CCXX R2 accoun18 ISSI
1410112025
|**Section B Statement of assets and liabilities at the end of the period**|**Section B Statement of assets and liabilities at the end of the period**|**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 Burke
**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 £**
**- 19,550**
**13,286**
**-**
**-**
**-**
**-**
**- 19,550**
**13,286**
OK
OK
**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to**
**which asset**
**belongs**
**Cost**
**(optional)**
**-**
**-**
-
**-**
-
**-**
-
**-**
**Fund to**
**which asset**
**belongs**
**Cost**
**(optional)**
**-**
**24,236**
**-**
**-**
**-**
**Fund to**
**which liability**
**relates**
**Amount due**
**(optional)**
**-**
**-**
**-**
**-**
**-**
Print Name
Duhaney Burke||**Endowment**
**funds**
**to nearest £**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||OK|
|||||**Endowment**
**funds**
**to nearest £**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**Current**
**value**
**(optional)**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**Current**
**value**
**(optional)**|
|||||**-**|
|||||**24,236**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**When due**
**(optional)**|
||||||
||||||
||||||
||||||
||||||
|||||Date of
approval|
||Duhaney Burke|Duhaney Burke||10/12/2024|
||||||
CCXX R3 accounts (SS)
14/01/2025
3
## **Independent examiner's report on the accounts**
## **Section A Independent Examiner’s Report**
**Report to the trustees/ members of**
Charity Name Higher Potential 05[th] April 2024
**On accounts for the year ended Charity no (if any)**
1178146
**Set out on pages**
(remember to include the page numbers of additional sheets)
## **Responsibilities and basis of report**
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended **05/04/2021**
As the charity trustees of the Trust, you are responsible for the 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 examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention (other than that disclosed 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._
**Signed:**
Bonny Needham
**Date:**
14/01/2025
**Name:**
Bonny Needham
**Relevant professional qualification(s) or body (if any):**
Financial Accountant
**October 2018**
1
**IER**
ACCA
**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).
## **Give here brief details of any items that the examiner wishes to disclose** .
I did have some concerns regarding the administration within the charity, I have advised the trustees that they should implement a more robust policy and procedures in regards to documents and records keeping.
This has now been met and the trustee has made assurances this will be carried out going forward.
**October 2018**
2
**IER**