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2025-03-31-accounts

Trustees’ Annual Report for the period

From 1/04/2024 Period start date To Period end date

31/03/2025

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 Again despite a challenging year for many in
our community and although our revenues
were down from last year, we are again
proud of the progress that we have made this
year.
We have continued to build on the
relationships we have locally, working more
closely with Brent Council and Young Brent
Foundation and the Met Police
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
/art and mentoring development for children
and young people who are most at-risk of not
fulfilling their potential and becoming
perpetrators or victims of crime. We are also
extending our service to the parents/careers
of the young people that we encounter
We have also brought on board a Director of
Development who is heading up our funding
streams.

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
set		 Para 1.41

Investment performance Para 1.41 against objectives Other

Financial Review

Financial Review
Review of the charity’s
financial position at the end
of the period		 Para 1.21 Funds in £53216.00
Expenditure £59986.00
Statement explaining the
policy for holding reserves
statingwhytheyare 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 healthier 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:		 Additional information (optional)
You may choose to include further statements where relevant about:		 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
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)
DuhaneyBurke Chair
Denver Hamilton
Howard Buckley
KitaIkoko

– 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

30/01/2026

HIGHER POTENTIAL

Receipts and payments accou

For the period 06-­Apr-­24 05-­Apr-­25 from

Section A Receipts and payments

A1 Receipts 1
Unrestricted
funds
to the nearest
£
-
6,773
40,000
6,443
-
53,216
-
-
-
53,216
1,487
427
3,354
4,662
14,056		 Restricted
funds
to the nearest
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Endowment
funds
to the nearest
£
Arts 4 Dementia - -
CVS Brent 6,773 -
John Lyons Charity 40,000 -
Locality -
National Lotary -
Others 6,443 -
- -
Sub total(Gross income for AR) 53,216 -
A2 Asset and investment sales,
(see table).
- -
- -
Sub total - -
Total receipts
A3 Payments
-
Administration Cost - -
Bidding Cost - -
Building Security - -
Insurance other 1,487 - -
Deep Clean - -
Energy cost - -
Event Cost - -
Media Production - -
Miscellenous Other 427 - -
Utilities 3,354 - -
Project Cost 4,662 - -
CCXX R1 accounts (SS)
Project Manager		 1
14,056		 - 30/01/2026
-
Radio Advertising - -
Rent Charge 36,000 - -
Prior Year Expense Charges - - -
**Sub total ** 59,986 - -
A4 Asset and investment
purchases, (see table)
-
- - -
**Sub total ** - - -
**Total payments ** 59,986 - -
Net of receipts/(payments) - 6,770 -
-
A5 Transfers between funds - - -
A6 Cash funds last year end 18,646 -
Cash funds this year end 11,876 -
-

CCXX R2 accounts (SS)

30/01/2026

2

Section B Statement of assets and liabilities at the end of the period

Categories
B1 Cash funds
B2 Other monetary assets
B4 Assets retained for the
charity’s own use
B5 Liabilities
B3 Investment assets		 Details
Details
Studio & Office Equipment
Details
Details
Total cash funds
(agree balances with receipts and
payments account(s))
Details		 Unrestricted
funds
to nearest £
11,876
-
-
11,876
OK
Unrestricted
funds
to nearest £

-
-
-
-
Fund to which
asset belongs
-
-
-
-
Fund to which
asset belongs
Fund to which
liability relates
-

Signed by one or two trustees on behalf of all the trustees CCXX R3 accounts (SS)

Signature Print N

30/01/2026

~~3~~

Duhaney Burke Duhaney

CCXX R4 accounts (SS)

30/01/2026

4

----- Start of picture text -----
1178146
----- End of picture text -----

2024-­25 unts 06-­Apr-­25

Total funds Last year to the nearest to the nearest £ £

- 650
6,773 500
40,000 40,000
- 5,000
- 19,675
6,443 5,600
- -
53,216 71,425
-
- -
- -
53,216 71,425
- 5 497
- 6,787
- 1,182
1,487 239
- 127
- 991
- 226
- 600
427 4,152
3,354
4,662 1,528
14,056 350

CCXX R5 accounts (SS)

30/01/2026

- 100
36,000 36,000
-
59,986 52,779
-
-
- -
59,986 52,779
- 6,770 18,646
- -
18,646 -
11,876 18,646

CCXX R6 accounts (SS)

30/01/2026

6

Restricted
funds
to nearest £
-
-
-
-
OK
Restricted
funds
to nearest £
-
-
-
-		 Endowment
funds
to nearest £
-
-
-
-
OK
Endowment
funds
to nearest £

-
-
- -
- -
- -
Cost (optional)
-
-
-
-		 Current value
(optional)
- -
- -
- -
- -
Cost (optional)
-
20,593
-
-
-
Amount due
(optional)
-
-
-
-		 Current value
(optional)
-
20,593
-
-
-
When due
(optional)
-
-
-
-

Name

Date of approval

CCXX R7 accounts (SS)

30/01/2026

7

y Burke 30/01/2026

CCXX R8 accounts (SS)

30/01/2026

8

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 Ar
 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

Accumalted
Depreciation B/f NBV Additions Tota Assets Current year Dep`n
- 671

 434
 434
 - 87
- 572

 468
 468
 - 47
- 1,306

 844
 844
 - 169
- 781

 505
 505
 - 101
- 1,592

 1,029
 1,029
 - 206
- 4,454

 2,878
 2,878
 - 576
- 408

 334
 334
 - 33
-

 -
 -
 -
- 995

 643
 643
 - 129
- 224

 183
 183
 - 18
- 124

 102
 102
 - 10
-

 -
 -
 -
- 1,194

 977
 977
 - 98
- 3,260

 2,665
 2,665
 - 266
- 221

 181
 181
 - 18
- 11,993

 9,806
 9,806
 - 981
- 821

 671
 671
 - 67
- 7,360

 4,755
 4,755
 - 951
-

 -
 -
 -
-

 -
 -
 -
- 1,493

 1,220
 1,220
 - 122
- 448

 366
 366
 - 37
-

 -
 -
 -
-

 -
 -
 -
- 174

 113
 113
 - 23
- 38,094

 28,173
 -
 28,173
 - 3,937
NBV %
347

 20
421

 10
675

 20
404

 20
823

 20
2,302

 20
301

 10


-
10
515

 20
164

 10
92

 10


-
10
879

 10
2,398

 10
163

 10
8,826

 10
604

 10
3,804

 20
-

 10
-



 10
1,098

 10
330

 10


-
10
-



 10
90

 20
24,236

Q

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Higher Potential

31st March 2025

Report to the trustees/ members of On accounts for the year ended Charity no 1178146 Set out on pages

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 31/01/2025

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:

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: 29/01/2026 Name: Bonny Needham Relevant professional qualification(s) or body (if any): Financial Accountant Consultant

1

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 .

2