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2022-06-30-accounts

HILLTOP CIRCLE LTD

Accounts and Reports

For the year ended 30 June 2022

HILLTOP CIRCLE LTD

Contents

For the year ended 30 June 2022

Page

Legal and administrative information 1
Trustees’ report 2-4
Independent examiner’s report 5
Statement of financial activities 6
Balance sheet 7
Notes to the accounts 8-13

HILLTOP CIRCLE LTD

Legal and Administrative Information

For the year ended 30 June 2022

Status: The organisation is a charity and a company limited by guarantee. Company Number: 11229168 Charity Number: 1186210 Registered Office 408 Neasden Lane, London, NW10 0BT Business Address: 408 Neasden Lane, London, NW10 0BT Members: Zakaria Abdi Hassan - Director Ahmed Ali Hussein - Director Abdullah Yusuf Mohamed - Director Ahmed Abdulhakim Yaslem - Director Mahad Mohamed Omar - Secretary Accountants: Issa Associates Certified Accountants and Tax Consultants 116 Cumberland House 80 Scrubs Lane London, NW10 6RF

1

HILLTOP CIRCLE LTD

Directors Report

For the year ended 30 June 2022

OBJECTIVES

The objectives of Hilltop Circle Ltd are:

LEGAL STRUCTURE

Hilltop Circle Ltd is a registered charity and a company limited by guarantee and is registered with Charities Commission and Companies House.

FINANCIAL STATEMENTS

The directors submit their report and financial statements for the year ended 30 June 2022.

POLICIES:

Reserve policy:

The charity currently operates with minimal reserves. The directors are endeavouring to build up its donor base with a view to having reserves equal to 6 months operating expenditure.

Risk(s) review:

Throughout the year, the Board of Trustees reviewed quarterly management accounts and control was also exercised by senior staff and the Treasurer in line with the Charity's Financial Management Policy.

This prudent approach has resulted in a surplus which takes unrestricted reserves over £9k. The unrestricted reserves are just under 6 months running costs, which is within the reserves policy approved by the Trustees to meet circumstances of loss of funding or other risks to the organisation.

Our revenue costs are dependent on funding received, therefore the costs required for reserves is not equal to the 6 months cost from this financial year. The Trustees consider that reserves at this level will ensure in the event of a significant drop in funding, they will be able to continue a minimum level of activities while consideration is given to ways in which additional funds may be raised.

Hilltop Circle will actively work to achieve this level of reserves.

2

HILLTOP CIRCLE LTD

Directors Report (continued)

For the year ended 30 June 2022

RESPONSIBILITIES

Acting directors are responsible for keeping proper accounting records which disclose at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006.

Acting directors oversee preparation of financial statements, select suitable accounting policies and make judgments and estimates that are reasonable and prudent to give the true state of affairs of the company.

Directors are also responsible for safeguarding the assets of the company. They are elected and replaced as set out in the Memorandum and Articles of Association.

ACTIVITIES AND ACHIEVEMENTS

The charity is managed by the elected trustee members, and is staffed by 8 volunteers. The office is open from Monday to Friday between 10.00am and 6.00pm.

ACHIEVEMENT AND PERFORMANCE ACKNOWLEDGMENT

The charity aims to develop a diverse funding base for its activities. We continue to attract funding for various programmes, projects and services from a wide range of other sources - charitable trusts, private companies, donations and our own income generating activities.

We would like to thank all of our funders and supporters from the Central Government, Local Authorities, GLA, Charity Trust & Foundation and Cooperative institutions.

We would also like to thank all of our individual donors for their donation and Gift Aid which has helped us carry out our crucial work.

YEAR IN REVIEW

The following details are our proud achievements for the year to March 2022 cementing and building upon the ongoing delivery of programmes, projects and a service that continues to demonstrate that we remain rooted in community activism.

QUALITY MARKS

We have maintained the following Quality Marks and accreditation: FA Accreditation

CHILDREN & YOUNG PEOPLE

We engage children & young people across some of the most disadvantaged boroughs of London, supporting them away from antisocial behaviour, giving them a safe place to explore, learn and achieve through our youth services. This model follows a generic youth club to engage young people in a fun and social activities and leads to outcome focused youth work, including:

"Youth volunteering programme.

"Social Action programmes that touches on the environment and social issues.

COMMUNITY SAFETY

Hilltop Circle organised projects and events to help create and strengthen community ties. Our Building Community Resilience Project taught young people critical thinking and leadership skills. They organised a series of community competitions and events to tackle knife crime and bring together the community. "Our Estate Based Doorstep Sports and Youth Clubs with the support of housing associations and Metropolitan Thames Valley in many London boroughs, providing positive engagement for local young people.

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HILLTOP CIRCLE LTD

Directors Report (continued)

For the year ended 30 June 2022

SKILLS DEVELOPMENT

We equip individuals from disadvantaged communities with the skills and experience they need to improve their future prospects. Unemployment and a lack of adequate training and skills are issues that many face. Our ongoing volunteering programme enhances our engagement with local residents with our programme and activities.

ACHIEVEMENT AND PERFORMANCE

We have over 20 volunteers that are involved throughout our events and activities from diverse background.

Our coaches and volunteers have been recognised at our Award Ceremony and with external awards and many of our beneficiaries have moved on to successful employment and opportunities.

Our ongoing employment supports have helped over 10 people into work.

HEALTH & WELLBEING

Hilltop Circle promotes general healthy living as well as addressing key issues in the ethnic minority community such as smoking, poor diet and low levels of physical activities. These include events, tournaments and annual sports days and regular physical activity sessions such as fitness, aerobics and more. Our successful women only provisions activities thrived in Brent engaging over 30 women from BAME backgrounds participating regularly in health and fitness sessions.

SPORTING PATHWAY

Hilltop Circle uses sports to engage with disadvantaged communities and tackling community issues by providing entry level engagement sessions with the support and opportunity to progress to elite level and beyond. Our beneficiaries can take advantage of opportunities to simply participate or to compete in leagues, professional environments and with professional sports players. We are part the lead organiser of sporting events for the UK Somali Community in the area of Football.

This report was approved by the board and signed on its behalf by:

Abdullah Y. Mohamed Director

Date: 2 May 2023

4

HILLTOP CIRCLE LTD

Independent examiner’s report

For the year ended 30 June 2022

I report on the accounts of the company for the year ended 30 June 2022, which are set out on pages 6 to 7.

Respective responsibilities of trustees and examiner

The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of accounts. The trustees consider that an audit is not required for this year under section 43(2) of the Charities Act 1993 (the 1993 Act) and that an independent examination is needed.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention, which gives me reasonable cause to believe that in any material respect the requirements:

Issa Associates Certified Accountants and Tax Consultants 116 Cumberland House 80 Scrubs Lane London NW10 6RF

Date: 2 May 2023

5

HILLTOP CIRCLE LTD

Statement of Financial Activities

For the year ending 30 June 2022

Notes
Incoming resources
From charitable activities
2
Investment income
2
Total incoming resources
Resources expended
Charitable activities
3
Governance costs
4
Total Resources Expended
Less Adjustment
Net resources for the year
Fund balances at 30 June 2021
Fund balances at 30 June 2022		 Unrestricted
funds
£
2,008
-
2,008
10,640
-
10,640
(8,632)
11,539
2,908		 Restricted
funds
£
125,307
-
125,307
102,640
12,465
115,105
10,202
(3,506)
6,695		 2022
2021
Total
Total
£
£
127,315
85,178
-
-
127,315
85,178
113,280
72,561
12,465
10,054
125,745
82,616
1,570
2,562
8,033
5,471
9,603
8,033

6

HILLTOP CIRCLE LTD

Balance Sheet

For the year ending 30 June 2022

Notes
Fixed assets
Tangible assets
Current Assets:
Debtors
Cash at bank and in hand
Creditors:amounts falling
due within one year
Net Current Assets
Total Assets less current liabilities
Funds of the charity:
Funds balance at 30-06-2022		 £
£
£
£
-
-
-
-
9,603
8,283
9,603
8,283
-
(250)
9,603
8,033
9,603
8,033
9,603
8,033
9,603
8,033
2022
2021
9,603
-

For the financial year 30 June 2022, the company was entitled to exemption from audit under s477 of the Companies Act 2006; and no notice has been deposited under s476.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with s386 and preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year, and of its profit or loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company.

These accounts have been prepared in accordance with the provisions applicable to companies subject to small companies' regime. The financial statements on pages 1 to 6 were approved by the board and signed on their behalf by:

……………………………….. Mahad M. Omar Secretary

Date: 2 May 2023

7

HILLTOP CIRCLE LTD

Notes to the Accounts

For the year ending 30 June 2022

1 Accounting Policies

The financial statements have been prepared under the historical cost convention, and have been prepared in accordance with the Statement of Recommended Practice, Accounting and Reporting by Charities (Revised SORP 2015) and the Financial Reporting Standard for Smaller Entities.

Grants and donations are recognised on accruals basis.

Incoming resources are reported gross.

Resources expended are included in the Statement of Financial Activities on accruals basis, inclusive of any VAT that cannot be recovered.

Expenditure that is directly attributable to specific activities has been included in these cost categories. Where costs are attributable to more than one activity, they have been apportioned across the cost categories on a basis consistent with the use of those resources.

Tangible fixed assets are stated at cost less depreciation.

Provision for depreciation of tangible fixed assets held by the charity is made at an annual rate of 25% on straight line basis.

8

HILLTOP CIRCLE LTD

Notes to the Accounts

For the year ending 30 June 2022

2. Grants and Donations

Brent NCIL
Nike Foundation
Pepsi Foundation
Connect Stars
The London Community Foundation
Wembley National Stadium Trust
Young Brent Foundation
John Lyons Charity
The National Community Fund
The Football Foundation
London Brough of Brent
Step Up Hub
City of London
Currency Lifestyle
COVID-19 Response
Refunds & loans
Other Donations
2. Investment Income
Interest receivable
Total Incoming Resources		 Unrestricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2008
2,008
Unrestricted
Funds
£
-
2,008		 Restricted
Funds
£
24,000
5,000
5,000
17,512
-
2,500
13,560
5,000
9,930
1,000
-
23,421
-
-
-
6,314
12,070
125,307
Restricted
Funds
£
-
125,307		 2022
Total
2021
Total
£
£
24,000
-
5,000
-
5,000
-
17,512
-
-
10,000
2,500
19,700
13,560
3,600
5,000
4,300
9,930
-
1,000
750
-
3,510
23,421
11,360
-
16,050
-
2,000
-
9,358
6,314
-
14,078
4,550
127,315
85,178
2022
Total
2021
Total
£
£
-
-
127,315
85,178

9

HILLTOP CIRCLE LTD

Notes to the Accounts

For the year ending 30 June 2022

3a. Direct Charitable Expenditure

Unrestricted Restricted 2022 2021
Notes Funds Funds Total Total
£ £ £ £
Football activities - 16,650 16,650 10,825
Wages and staff costs - 41,806 41,806 28,169
Training facility cost - 35,825 35,825 16,237
Equipment, materials and maintenance - 8,359 8,359 9,822
Trips, travel and hospitality 10,521 - 10,521 6,815
10,521 102,640 113,161 71,867
3b. Support Costs
Unrestricted Restricted 2022 2021
Funds Funds Total Total
£ £ £ £
Sundries 119 - 119 694
Depreciation - - - -
119 - 119 694
Total Charitable Activities 10,640 102,640 113,280 72,561
4. Governance
Unrestricted Restricted 2022 2021
Funds Funds Total Total
£ £ £ £
Legal and Professional - 12,465 12,465 10,054
- 12,465 12,465 10,054
Total Resources Expended 10,640 115,105 125,745 82,616

10

HILLTOP CIRCLE LTD

Notes to the Accounts

For the year ending 30 June 2022

5 Tangible Fixed Assets
Office Total
Equipment
£ £
Cost
At 30 June 2021 - -
Additions - -
At 30 June 2022 - -
Depreciation
At 30 June 2021 - -
Charged in the Year - -
-
At 30 June 2022 - -
Net Book Value
At 30 June 2022 - -
At 30 June 2021 - -
7 Creditors – Amounts falling due within one year 2022 2021
£ £
Other Creditors - 250
- 250

11