HIGHGATE COMMUNITY PAKfNERS Charity Reglstrstlon Numbgr. 290712 Company Rè4l#traOn Numbèr. 018591731EnqlJnd and Wales)
HIGHGATE NEwfowN COMMUNITY PARTNERS LEGAL AND ADMINISTRATwe INFORMATION Trut•88 Robert Artken Ichalrl Sl¢phen Hodg& Reverend Andrew Meldrum F8ther Damien Ma5C Rc&ert Schon PNk'p 818 Olutoml AycJeji Roy Hll Paullne Treen John C9rrlor IresiJned 30 September 20241 8arbw8 Smith {Te8lgnwJ 30 Soptember 20241 Se¢r•tsry steF*en Hodge Charlty numb•r 250712 Company nwnber 01859173 Regi•t•r•d offl¢• 12 Mighgate aose London N6 4SD Audittir GlazeF8 843 Finchl•y Road London NW118NA
HIGHGATE NEwfowN COMMUNITY PARTNERS TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEM8ER 2024 trustees presont theirreport financial stat8menis forthe year ended 31 December 2024, Th8 financial 8tatement$ hav• been prepared in ac¢ord8nc• wlth the atcounllng polieies set out in note 1 to the financial 8tatsment$ and cornply th the charity'8 A1cleS OY A$sodaJon. thè Comp8nk?s Act 2006 8Thd 'A¢countlng and R8POrting by chArl&s.. St8tement of RecDmrnend8d Pradic• applicablv to Char08 preparing t1r accounts in 8ccordanGe wth the Financial Rgporbng Standar0 8pplicable in the UK and Republic of Irel?nd IFRS 1021. las amended for aCUting ecxnmencing from 1 January 20191. Obi•ctive•and o¢llvltkn OURVISION "Wfr want on pro¥ld• ¥omethlng •p8elal for ovoryone and to make our communlty b•tt•r- wh•re everyone ha• a ehanc•to succeed and nobody got# left behlnd" The charty's objects ore.. l. To promole the benefit of the InhalantS of the London Borough3 of C8mden, Isllngton and Haringey and the City of London ¥Mth particulaT emph8$is rm those living ¥thIn walklng distance of the Community Centre at 25 Bertram Str••t London NVV5 Ihereinaft8r called 'the Area of Benefifi without distinL1ion of sex, or of polltical. reli95ous or other oplnlons ty associating the b¢81 aulhorflies, voluntsry OTganisations 8nd inh8bit8nls in a common effort lo advance education and prtsvlde laciliti88 in the Int&we8t of 80clal welfore for recreabon and leisure tlmè oceup81i8 with the objecl of improvlng the conditions of Ilfe of Said inhabitants ond promoting communlty cohe31on wlthin the Area of Benefit and its surroundings ii. To establish or Secu the establishment of 8 Community Centre Ihereinafter called 'Ih8 Cenlre'l anywheT8 wfthin the area of banafit, and to rnaint8in and manage, or to [perate with ary local stsluiory authority In the molnlen8nce and management of such a cèntrÈ for activities promoted by the Assoclation and con¥lf¢uent bodie8 in furtherance of the above objects. The strat•gl•s employed to ¥chleve tha c*arity'¥ oblectives are.. to off•r opportunilea for a brD8d r8r6e of people to get involved in actlvill88 In orderto explora and expand their own Social, re¢r•aonal. educational and vocational skills and abSllti•s'. and to Prov1• laclliti•s for local people of all ag•5 and baekgrounds to como togeth•r ag community which r8sp•cts and values diff•rences in 8g8 and Cvre and cares aboutthe walf8re of its cornponent parts. Mode of opgrallon Our 8Ctivil19s have been IDcatsd at a number of 18cilitie5 in 1he lo¢818re8. These Include Sl Anne'8 Church High9ate. St Mich8els Church Highgate and tho United Reformed Church in Hamp5toad and St Mary's Church in Brookfield, Dartmouth Parf¢. and St Dominlc'8 Priory Church, HaverBtock HS11. In addrtion we spon50r actlye8 in Channing School, Highgate, Broc4Lfi8ld School, Dat1mouth Perk and more recently SIAIoy5ius School High9ate. In all of the8e ¢gse8 the Trustee5 seek to operate on 8 P8rtn¢r$hip basis wilh tho owngr or leaseholder, all of whom are anxiouB to contribultr to providing the kind of 5erviceB we offerto th? local community. Towards the end of 2024 building work by the London Borough ol Camdtsn I'camden'l re Completed at our naw Community Centre in Bertram Street, gnd in January 2025 we signed a lease of the virtually Ihe whole gruund floor ond the first floor of th8 buikjing. Tha ground floor in¢ludes a cafe Srtting and •ating areas m8ethng roorn and 8 large sports hall, while the firnt floor indudes a pottery school. g Cking school hor(Ire$$ers gnd laundry and ftjrther rneeting rooms. The uw)8r floor8 of the cent are ocojpièd by Carnden. Fit out of our floors of the Centre i& now eornplet¢ with 8 fomal opening ceremony h81d cn 16 May 2025 We expgct the Contre wlll be a gnIfiCant a¥8et lorthe resFdents of our &raa, induding the ne•Ay bullt aparknent8 rouThY the C•ntre
HIGHGATE NEwfowN COMMUNITY PARTNERS Th8 opening of tho Cèniw VAII r8pr88ant a step change in the 8ctivilie$ of the charity. whlch vlll requlre a Substantial increase in our staff number5 and expenditure and income, and thuB will repr888nl a con61derable effort for all of the Board the managèment and staff Currgnl A¢tNltl•• •nd Achlevernonts and Perfomianc• for Public 8•nefit The twstee5 are sa115fied with the performance of Ihe ¢harily thi$ ye8r. Slgnlllcantachl8v•mÈntsand deveioprnents In theyear Inelude.. Under S's Stsy and psay We offer 8 welcoming and friendty seNice to 811 familie8 and carers 1h1n ourcommunty. We aim lo provide nol only a fun and supportive envlronment for both the youllg and their elders to enjoy and feel sale lo attond. At times during 2024 we were offering these seN15 on len dtfferent occasions weekty Thls 8Ctlvty wès lunded by John Lyon'$ Charlty and the programme eon be found on our website. Communlty Lunch Clubj for older peop1•4nd"Comrnunhea8" We off6r3ffordable lunches for older people and tea lime events for everyone in a variety of locations in Highgate and Hampstead. In many cases our thurch partner5 provide the locations and we provide and prepare the food through thE cooks we employ and the volunteers we recruit. The current programrne can be found at our web51t• under community lunth clubs. Funding lor the6e acb"v4bes has been oblalned from Mercers Company, City Br4dge Trust, Lady Gould'8 Charty, St M8ry BrookhÈld and St Michael'$ Church. Communlty Intsgr•tlon Vve have reiVed funding frcffi Camden and also the N8lonal Lottery R88chlng Communities progr8mrne to 85SiSt in integra¢iry new residents at the Bertram Street complex into Ihe suryoundin9 community edu¢•llon+ PmBrdrnm• Jointty with Brookfield Primary School and Channing and St Aloysius College we Fwovida educatlonal opportunlties for sludents who rne from dlsodv8ntsged backgrounds. We call this PTogramme'EdurAtion *' and il has cullufal capital and 8cademl¢ enrlthmenl at the heart of its programm•. Specl•l Events ChTrljtrn Lunch0# and seuide trl We ran Christmas lunches in 2024 al La Salnte Union School, Sl Mary's Dartmouth Park and Sl Domin¢.8 Gospel Oak for a total of 290 pèople. The lunches were Ire8 to all Comers and we were a55iSted by large number5 of volunteers. We ran trips to th? seaside for both children and clder peoplo. Ea¢h chil¢J also had an allowance of £5.00 from HNCP friri¢e cream orfood. The6e trip8 8 very important and many people neverhav¢8 thenceto le8ve Lond( and cannot afford any holiday. This trip was funded by John Lyon5. Webslieand Communlcatlo TDday websites and an int•mtt are 08s8ntial, and parfcularty so for HNCP whllg it i¥ op•ratlng from 89 rnany drfret loeatlon8. OUT website is ccrfinuously maintained h&5 recenly been upjroded FundMl•lng This yvar we had strong $UPPOTi from 8 nuntsr of local and natlollol organisation8 (mentioned abovè and in the 0ount$) and a180 from local peoplè giving to Ihe charity. During the last year the Jevel of and frequency of donations from individuals and srnall private tru$t¥ ¢ontinved at a Somewhat lower level as thè crisis receded but remains a te$tsTnentto the willip9nes6 of the cornmunrty to Step up to help Although we benefrtfrom 8 generou6 orant Irom LBC over h81f the funds w• spend come from trusts. other non80rnMental and privat8 donatlon$, It quir•s ¢onsrderable effort and staff r6sourcè8 to rnalniain this flow of funds, both In preparing appllcabons and reportlng to donors how their money ha5 been 5pant. as each granting organisats.on has ils own wuiremtsnts and $landard$ all of which we have to m••t.
HIGHGATE NEwfowN COMMUNITY PARTNERS As not•d abov• ralsed 8uificientfund8 to fil-out the new Centre and our maln ehaMong&s lor 2025 are renew orfund replacementlunds for ourPartnershlp ath"vltte8 ar to supportthe cperating costs of the Centr8 until th8 time It b•com•s s•ll sUPPOrting Poll¢lesfor2026 Th• owning cw•mony for lh• now C•ntr• was h•ld on 16th May 2025 and our biggosi prfethy for 2025 is to •n8ure thatwhen the new Centre opens W8 can d81iver on our raspon$ibilitièS to LBC and the eommunlty by runniThJ a sucSSful and well managed community Centre. HR and •nwloym•nt We want Highg•te Nv•rtovm Cornmunty Partner5 to be a gT8at placa to work, where equBlity and dNer5ity are championed. 8y coMMrtrlg to the LorKlgn Living Wage, we'll help rn8ke our CQrnTnunity a tsiTer plore,. by ensuring inclusivity in ourorgan16atson, we'll encourage a broaderdiversity, including diversity cfthinking, and by supporting flexible w01n9 hours for people vmth childn, we ensure we're contributing to fairer. more welcomiry work environment for all. These Commitments en8 we wll continua to rèprèsènt our eommunily to thè b1 of our ability and dèlNer our •mbitson8 forits people. We wantourstaff t•amto fe81 valued and secura. As the naw Centr• expand$ its activllios there will be a major recruitment effort and we will seek to ensure that opportunrties for employment at the Centre are known to an 8voi18bleto ourloul community. We have reviewed our HR and Health and Safetywilh Peninsula Services. We also now offer all the staff tearn free coun5811ing and advice forthe whole family. We cannot expe¢l our team to do a brilliantjob Supporbng poople If we de not look after tham. Throughout the design and t4nstruction ol thè new HNCP dev•lopmeni, wo'v• aimèd to implornènt our Ju¥tsinability pdicy to cotnFAy wth Th8 London Plan. This approgch 58t5 OUtth8 key st•P5 we have takefi lo rnt th989 targets and deliver an offlei•nt, 8UStAlnab18 schem8 that minirn18es our carbon looiprirrt and 15 flt for th• fijture. The trust99$ havg pahl due regard to guidan is8ued by the Charity Commi$sion in deciding wh•t •cliviii86 thg charity should undertthe. Flnanclol rnview The financial results for 221 in the accounts attached show a surplus. Th1$ however Is caused by the fact Ihat th• Income and eXndItUre include5 significant irKom8 from grants and donations d8Stlned to fund the fit-out of the new building, and also some 8xpenth.ture on the building. Adjustin9 for this continuing ¢per•tron ran ¥1 approximately braak•v•n for ar. The position with regard to the new Community cent is rnore complex. It hoped that in tirne the chanty wil genorato sufficienl income from rentals and $ublet5 and promoting special events in thè Centre to Allow itto eovor its OP8rating costs and allow it to pay 8ppropriBte t and butsiness rates to LBC, its landlord. 11 ha5 a¥By5 been xpected that this would be difficuh the first f•w y•aryJ, and fvnding 5UPPOrt ha5 been arrangad with LBC forlhè firstthrg¢ years. Beyond three years however the ouuook 15 uncert&in and it M31n5 P0$5ible that further speciflc gr8Wtt funding either L8C or elsewhere will have to be secured in Drder to sustain operations for cNnmunity benefit. If such funding io needed and cannot be secured then tho chartty wculd cease operation5 in the C•ntr8 s it15 legally entitted to do. just as it would wilh rts othei aVil Thè Twsttès hèvè concluded that in this time of likely finanfA85 constr81nts tho Charity should hold its•rvès 8uffiu•nt to allow it cjose down all or any of Its operations in an orderly manmr rf funding lo ¢ontinue thgTn is not available. The arnount reqUId 15 diffKult to e51.mate and would be re8sse85ed at regular intorva18. At pro¥ent however the chanty expects to taIn 8round £125.000 Df it5 Dwm fund5 against this eventuality The tru8ts6s hav• •xamin•d Ihe major ¥lrab2iG busines8 and operational risks which the ehartty la and confSrm that systems have b¢gn e$tst4ished to enable regular reports to be produced so that the nece8s8ry stsps can be tsken to les58n ri5k5. Code ot Conduct and Flnnelal and OtherPolicie• kncluding Dats Protecllon During the ye81 the Tnjstees reviewed the Chgribes Code of Conduct and financyal and other policie8 to ensure th8t they are crmpliant wth current18gal requirement8 and be$t wa¢tice. D8t8 protection ha8 not so far been an i¥$ue for the charity as we do not ourselve8 hold any data on individuals (apart from our shar8 regi5terl. This situation will ¢hang• vhen lh• Centr• opens and work is in hand to ensure that we are comF4iant wth our dats prote10 obligatlon$.
HIGHGATE NEwfowN COMMUNITY PARTNERS Strucluro, gov•rnance and man•g•m•nt The charity is a company limiied by guarant and ha$just undef 100 mèmbers. The ttee8. who are also th? director8 for the puFp058 of ccmpony law. and who seNed ¢Junng th8 ygar and up to tho date of 8ignatur8 ol the financi81 statements were.. Robert Atken ICh8lrl Staphen Hodge Reverend Andrew Mèldwm Father Dgmien Mason Robert Schon Phil'p ale (Xuiomi Aycrfleji Roy Hll Paullng Trèen John Carrier (ras[gd 30 September20241 Barbara Smith (resned 30 Sapten*)er 20241 None of the InJstO8$ has any beneficial interest in th• cempany. All of the tnJ8te8s are m8mbers of the corroary aniS, Ilke all members, guarantee to conlributs £10 in the event ol a wlndlng up. Newtrustees 8re appointed by Iha whole Board on the ¢0endatIOn of a SubMmittee con615bng of Ihree trust¥. New trustees e1ve a briefing on the policies and proceduras of the Charity and all trustee5 are expected to attend periodic $8feguarding training. Auditor The guditots, Glazers, were appoInted as auditorto the comp8ny at the 3Y24AGM and a proposal Ihaithey be reappointed will be put to the next General Meeting. The Trusteos, reportWO$ aPFvovwJ by the Board of Tnjstees on bohawby i > and Signed 118 Robert Ailke Stephen Hc%Yg•
HIGHGATE NElltrowN COMMUNITh PARTNERS INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF HIGHGATE NEwfowN COMMUNITY PARTNERS Opini•n We hav8 audited the financial 51al8mqnts ol Hiqhgat8 Newtown Community Partners Iihe'charilll lor the year ended 31 De£ernber 2024 which CDrnprise the slalement ol financial aclivilie5, the balance sheet, Ihe $latemenl of cash flows and Ihl not•s tp th• financial stal•ments, in¢luding 3 5urnmary ol slgnificant accounllng policies. Th8 Nnan2101 reporting Iramework thal hès been bpplled In thÈir preparation Is applltable law and United Kingdom Accounting Standards. including Finanrial Reportiny Standard 102 The Finonciolfteporting StondordoppliccblE the UK L Republic of Irelond (Unllod Kingdom Gen?rally Accepled Accounllng Practice). In our opknlor4 lh• lknancl•l stal•m•nti'. give a true and lair view ol the state of the charitable company's affaSr5 as at 31 De¢ember 2024 and Dr lis incoming resources and application of rèsourre5. fvr Ihe year thèn ènded., have been properly prepared in a¢¢ordan¢e V4ith Uniled Kinqdom G¢nerally Accepted Accounling Practice.. and havo blin prepèrod In accurdance wllh Ihe requiremenls of the Compani•s Act 2006. Babls for oplnlon We conducted our audlt In accordance wlth Inlerrlatlonal Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibililies under those standards are further de5tribed in the Auditor5 rt5POn5ibilities lar the uudit of the nondol srotemenrs section of our report. W4 are Indopendenl of lh• charity in accordance wlh the ethical requirernentS that are relevon¢ lo our audit of the financial statement5 In the UK, includlng the FRC'S Elhical Standard, and we hav2 fulfill our other elhical re5pon5ibililies in accordance wilh these requiremen1& We b•lieve thal Ihe audit evidence we hav• obtain•d 1$ 5ufllcSent and apprDpriat to prDvide a basis lor Dur oplniun. Contlvilonj r•ltlhg to golhg tont•rn In audillng the financial slatements. we have con¢l¢Jded Ihat the trusteeg use tyl Ihe 90ing concern basi5 of •c¢ounting in the preparation of the financial slalements is appropriate. Bèsed on the work we have perforrned, we have not ideTrlrtied any material uncerlainties reialing to evenls or Eondilivn5 that, individually or collectively, may cast Significant doubt on the charitls ability lo continue a5 a going concern for • pprfod of al le351 twelve months from when the tinancial slalements are authorised fDr 15sue. Our responsi.11t1e5 and the responsibilities al th• tru5t8•5 with r•sp•d ta gDtng Eonrirn ar• d¢scribed in th• relevanl 5edions of thi5 report. Oth•r Inl•rm•llg The Other inlurmation comprises Ihe information included in the annual report other than Ihe financial slaternenls and llur audita$ repurt thereon. The Iru51ees are responsible for the other information conlained within the annual report. Our oplnlon on the financial 5fatement6 does not cover the other information and we do nol expres8 any forrn of assurance toTrclu$ion thereon. Qur responsibility is lo read the olher intorrnalioft and. in doing so, consider whether the other information 1$ materlally inconsistqnt with the financial slalernen15 or our knowledge obtained In the course ol the èudlt, or otherwise )ppear$ to be materially m155taled. If wo idenlTrfy such malerial incon5isièntles or pparent material misstatemènls. we •r• r•quired to delerrnine whether this gives rise to a Thaterial rni55talement in Ihe financlal statements th•m$•lv•$. 11, ba58d on Ihe work we have performod, we concludo Ihal there Is a rnaterial rn1s51atement of Ihis other infonnation, we arè rtquired lo report that lact. W• hav• nothlno to reporl in this rqgard. M•ll•r• on whl¢h w• ar• r•4ulr•d to r•porl tsy •y¢•pll•n We have nothing to report in respect of Ihe lollowing matters in relatioh lo which thÈ Charities (Accounts and REPQrts1 Regulotion5 2008 require5 us lo report to you If, In our opinlon.. the inforniation glvtn In the Ilnancial statements is intonsislent in any rnateri•l r*sp•d vAth lh• tru$t••s' report,. or suffldenl accounting records have not been kept,. or the financial slafemenls are not In agreement with the actounting records,. or we have not received all the inlormation and explanallons we requlrè for our audll.
HIGHGATE NEwfowN COMMUNITY PARTNERS INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO ThE TRUSTEES OF HIGHGATE NEwfowN COMMUNITY PARTNERS R•tsponilbllllles of trusl•g8 A5 explained more fully in the 51atemeTrt af Irustees, r•5PDn5ibililie8. the tru51ee5, who are a150 the directors ol the charity fpr the purpo$¢ ¢f cornpany law are respDn51ble lor the preparatlon of the financial st8lemenls and for being satlsfi•d that Ihey give a true ond lair view, and lor such inl•rnal contrtsl as the trusteES del•rmin• is necessary to enable Ihe preparation of financlal 5tat•rnent6 that are Iree Irom material misslatement. wheth•r due to fraud or error. In preparing the financial slat¢ment5, the tru51ees are responsible for assessing the charit1$ abil¢ty to continue a$ a going concern, disclos5ng, as appli¢ablo, matters related lo uolng concern and using th• guing concorn ba515 of atcounliny unless the IStee5 Elth•r Intgnd lo liguidate the charitable cornpany or to cea$¢ gperatiuns. or have rbo r¢ili51ic alternative but ID do so. Audlloes re¥panbI1lM lor th• audll ol th• ftn•ncl•l stalqm•nt• We hav• been appointed as audltor under section 144 of the CharitiÈs Ad 20ll and repDrt in accordance with th• kt and relevant regulalions made or having etlect thereunder, Our objectives are to obtèin reasonablp a55urance about whethtr the financial stalemenls as a whole are free Irorn rnalerial mi5statrnInI. whelhor due to Iraud or error, and lo an audllorfs report thal Includès tyjr aplnion. Reasonable assurance is a hlgh lÈvel of as3urance but is not a quarantee that an audit conduclod in accprdancè with ISAS IUKI wll always detect a m81orial mis5taternenl when it EXlSt¥. Mi5Stalements can arise from fraud or error and are consider•d material rf. indivldually or In the aggregat¢. they could reasDnably be expected lo influence the economlt deci5ion$ ol us•rs taken on the basls tsl these Ilnancial stalemenls. The exl•nt lo which our procetJure5 are capable of del•cling irregularities. includlng Iravd. is deialltd below.
HIGHGATE NEOWN COMMUNITY PARTNERS INDEPENDENT AUDITOR'S REPORT ICONTINUEDI TO THE TRUSTEES OF HIGHGATE NEWTOWN COMMUNIIY PARTNERS In identifying and assessing risks of matetial misslalement in respect of irregularitl•s, Indudlng fraud and non- compliance with laws and regulation5, we considered the following.. l) Enqu5rfes ol manag•m•nl concerning tht charhys pollclts and pro¢edures relating to.. id•ntlfylng. •valuatlng and ¢omplylng wllh law$ and r•oulatlons •nd whelher they were aware of any instances of non-compliance detecting and responding to the risks of fraud and whether they have knowledge of any actual, sugpected or Ileged fraud,. and the Internal conlro15 e$iablSshEd lo mltlgate rlsk5 related lo fraud or nDn-¢ompliaft¢e wSth laws ano rtguiations 21 Dls¢ussions 4mong the engagement team regarding how and when fraud might occur in thè financial 51atemen15 and any potential indicators of fraud. In common wilh all audits under ISAS IUKI. we are also rEqulred l• perform $pe¢ific procedures to respond lo the risk ol management oveIde. We a150 obtained an understanding of the legal and rpgul41ory framEwark Ihal Ihe charity operates in, focusing un provisions of those laws and regu13tlons that had a dired effecl on the determlnatlon of rnalerfal amount5 and dl$¢losures In the Ilnantlèl statÈmenis. The key law5 and regulations we considered in this context Induded Ihe UK CDmp4nl•¥ Acl and CharllipsAct along with the Charities SORP. In addltlon. we coTrslder¢d provlslons of other laws and regulatlons that do nol have a dSred elFtct on the Ilnanelal statements but ¢ompllanc• wthh whlch may bo fundamental to the charity5 ability to operale or avold o material penalty. A5 a result of performing the above, wi did not id•nlily any key audit rnatters r•lal•d lo tht pul•ntial risk pl Iraud or noTr-compli?nce wllh laws and r¢guiatlon$. In addition to Ihe above, our procedures lo respand to risks identified In¢luded the followlTrg.' Reviewiny the financial statemenl disclosures and tesllng to supporling documenlatlon lo assess cornpl&ance wlth prDvl$lons ol rplevant laws and reguiatlons d¢$¢ribed ag havlnq a dlre¢t effect on the Inanclal $latementS'. Enquiring of maThag•m•nl conc•rniny actual and potential litigation and claims., Perlorming analyti¢al procedures to identify any unusual or unexpecled relaknon$hips that may indicate risky ol mat•rlal misslatempnt due lo fravd., Reading minut•$ ol m••tlny5 of those charged with governance and reviewing correspondencè with relevant tax authorities.. and In addressing the risk ¢1 fr•ud throuyh rnanayement Dverride of contrDls, tpsting the appropriateness ol journal enlrf8s and olh•r adjuslm•nt4 a55•551ng whethqr Ihe judgernents made In making accounting estimates are indlcative of a potential bias., ?valuatlnu the buslness rationale ol any significant transactions that are unusual or oulside the normal course of bu$int¥s. We è150 communical8d rd•vanl IdntifIed laws and regulalions and potenlial Iraud rkS lo all engagement t•am members. and remained alert lo any IndlEation5 of Iraud or non-cornplianEe wilh laws and reuulallons throughout the audlL We nole that our audll Is Dot prlmarlly dp51gned to detect n0n-cornpance wlth laws and reuulatfjons arkd Ihe Trustees and other management are r•sponslble IDr such internal control a5 the Trustee5 and olher managemenl of Ihe chartty delemine is The¢e$ry to enable the preparation of linancial slatemenl$ that are fre* from malerial m15slat•rnent. whether due to errors or traud, includlng cornpliance wilh laws and regulations. Additionally, owing lo the Inherent limitatlong of an audit, ther• 15 an unavoidable risk that we May not have detected some material misstatern•n15 in Ihe financial statements •v•n though we have prnperiy planned and porforned our audit in accordancè wilh auditing standards. W• are not respDnsiblp lor preventing non-compliance and cannot be exp•cted to d•t•ct -cOmPliance with all laws and r•gulatlon&
HIGHGATE NEwfowN COMMUNITh PARTNERS INDEPENDENT AUDrroR'S REPORT (CONTINUED) TO THE TRUSTEES OF HIGHGATE NEwfowN COMMUNITY PARTNERS Afurther description ol our responsibilities is availabl• on thè Flnancial Repoflin9 Council'5 website at.. tJA w¥vw.frc.org.uk/audilorsfvspDn5rbilitie5. This description forms part of our audilorfs reporl. U• pf our report This report Is made sulely to the charitvs trustees, as a bodyb In accordance with Parl 4 of the Charities IAccoufit5 and Reports) R•gulatlons 20D8. Our audit work has been undertaken so Ihal w& mlght state lo the charllvs trust•05 those matters we are r¢quired to stale to them In an audltoWs report and for no other purp06e. To the fullest exttnt p•rniltitd by law we do not accept or assurnt responsibility to anyone othw than Ihe charity and the charws trugtees as a body, lor (wjr audit worK forthls repDrt, or for the opinions w¥ have lorme Para5kurnar Shah FCA (Sonlor StaluloryAudltorl For and on behalf of Glaz•r5, Statutory Auditor Chartr•d A¢¢wntanls 843 Flnchley Road London Nwn 8NA Glazers Is eligible for appolntmqnl a5 auditor ol the ¢harlty by vlrtue of Its ellglblllty Ipr appolntment as audltor ol a company under section1212 uf the Companies Act 2001.
Hlghgate Newtown Communlty Partners Statement of ftnanclal attlvitles (incorporating an Income and expenditure account) For the ar ended 31 December 2024 2024 Total Unrestricted Restrlcted 2023 Total Unrestrirted RestrlctÈd Note Income from.. Donations and grants Charltable actlvities Setvices Trading activltles Investment Income 127,066 331.276 458.342 143,897 270,058 413,955 S2 4,791 2,320 4.843 2.320 8,915 5.016 5,016 6,056 8,915 6,056 Total Income 136,033 338,387 474,420 149,953 275.074 425,027 Expendlture on-. Ralsing fund5 20.T02 20.102 6,360 10,127 16,487 Charitable activities 102.770 325,580 428,350 88,359 241.393 329,752 Total expendlture 122.872 325,580 448,452 94.719 251,520 346.239 Net Income l (expendlturel for the year 13,161 12,807 25,968 55.234 23,554 78.788 Transfers between fund5 72.375 172,375) 118,9921 18,992 Net movement in funds 85.536 159.568) 25.968 36,242 42,546 78.788 Reconclllatlon of funds.. Total fund5 brought forward 343,040 165.460 508,500 306.798 122,914 429,712 Total funds Cared forward 428.576 105,892 5 34.468 343.040 165,460 508,500 All of the above results are derived from iontinuing aclivitie5. There were no other recognised gains or losses other than those stated above. Movements in funds are dlsclosed In Note 13 to the financlal statements.
Highgate Neown Communlty Partners Balance sheet Company no. 01859173 As at 31 December 2024 2024 2023 Note Flxed assets-. Tanglble a5SQt5 72,375 72.375 Current a5$ets'. Debtors C45h at bank and In hand 64,S33 427.291 49,240 470,056 491,824 519,296 Liabllliles.. Credlror5.' amounts falling due within one year 29,731 10,796 Nei current a55ws I Illabilitl¢sl 462.093 508.500 Total assets le55 current Ilabllltles 534,468 508.500 Total net assets i Illabllltlesl 534.468 508.500 The funds of the charlty.. Restilcted Income funds Unrestricted income funds.. General funds 105,892 165.460 428,576 204,821 Total unrestrlcted funds 428,576 343.040 Toial charlty funds 534.468 508.500 The company is entltled to rhe exemption from the audlt requirement contalned In sectlon 477 of the Companles Aci 2006. for the year ended 31 December 2024. Although an audlt has been carrled our under section 144 of the CharSties Acr 2011. The direaor5 acknowledge the5r fespon5ibilities for complylng wilh the requlrements of the Companle5 Att 2006 with respect to accounting record5 and the preparatlon of flnanclal statements. The members have not requlred ihe company to obraln an audlt of115 flnanclal statemenrs under the requlrements of the Companies Act 2006, for the year in question in accordance with section 476. These financial Siatement5 have been prepared in accordance with the provlslons applicable t companies subject io the 5rnall cornpanles reglme. These financlal statements were appioved by the Trusiees on d slgned ofi thelf behalf by Robert Aitken (Chalrl Stephen Hodge ffreasurerl 10
Highgate Newtown Community Partners For 31 mber 2024 l Accountlng pollcles Charlty Informatlon Hlghgate Newrown Community Partners Is a prlvate company Ilmlted by guarantee incorporated in Englandand Wale5, The registered office 15 12 High9aie Close, London. N6 45D al Basls of preparatlon The financial statements have been prepared In accordance with the charity's Article5 of Association, the Companies Act 2006 and "Accounting and Reporting by Charitie5: Statement of Recommended Practice applicable to charltles preparing their accounts In accordance wlth the Flnancial Reportlng Standard applicable In the UK and Republlc of Ireland IFRS 102)" la5 amended for accounting periods commenclng from l January 2019). The charity is a Public Benefit Entlty a5 defined by FRS 102. The charity has taken advaniage of ihe provisions In the SORP for charities applying FRS 102 Update Bulletln I not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these finaniial 5tatefflents are rounded to the nearest £. The financial statements have been prepared under the hlstorical cost convention, Imodified to include the revaluatlon of freehold properties and to include investment properties and certain flnancial instruments at falr valuel. The princlpal accountlng pollcies adopted are set out below. b) Publlc benefit entlty The charitable company meets the deflnltlon of a publlc benefit entiiy under FRS 102. l Golng concern The trustees con51der that there are no materlal uncertalntles about the charitable companvs abllliy to continue as a going concern. There are no key judgements that the charitable company has made which have a signiflcant effect on the account5. The trustees do not conslder that there are any sources of estimation uncertainty at the reporting date that have a signlflcant risk of causing a materlal adjustment to the carrylng amounts of assets and Ilabllltles wlthln the next reporting perlod. dl Income Income Is recognlsed when the charlty has entltlement to the funds, any performance conditions attached to the income have been met. St Is probable that the income will be received and that the amount can be measured rellablv. Income from government and other grants, whether 'capltal' granis or 'revenue' grants, Is recognised when the charlty has entltlement to the funds. any performance conditions attached to the grants have been met, it Is probable thai the incorne will be received and the amount can be measured rellably and Is not deferred. Income recelved In advance of the provi51on of a specifled seiCe Is deferred untll the crlterla for Income recognltion are met. e) Fund accounting Restricted fund5 are to be used for speclflc purposes as lald down by the donor. Expenditure which meets these criteria is charged to the fund. Unrestricted funds are donatlons and other Incoming resources received or generated for the charitable purposes. Oesignated funds are unrestrlcted funds earmarked by the trustees for particular purposes.
Hlghgate Newtown Communlty Partners For the ear ended 31 De mber 2024 l Accounting pollcles (contiftuedl f) Expendlture and Irrecoverable VAT Expenditure is recugnised once there is a legal or con5tructlve obligation to make a payment to a third partv, it is probable that Settlement wlll be requlred and the amount of the obligation can be measured reliably. Expendlture Is classifled under the following activity headln9S'. Costs of raising funds relate to the costs Incurred by the charltable company In Inducing third partles to make voluntary contrlbutlons to 51, as well as the cost of any activities wilh a fund raislng purpose Expenditure on charitable activities includes the costs of provislon of space and serylces undertaken to further the purposes of the charliy and thelr associated support costs Other expenditure represents rhose item5 not falling Into any other headbng Irrecoverable VAT is charged as a cost agalnst the actlvlty for which the expendlture was incurred. g) Operatlng leases Rental charges are charged on a stralght Ilne basi5 over the term of the lease. h) Tangible fixed assets Depreciation costs are allocated to activities on the basls of the use of the relared assets in those activities. A55ets are reviewed for impairment if circumstances indicate thelr carrying value may exceed their net realisable value and value in use. No depreciation has been provided during the year. Depreciation will be provided once the centre becomes fully functional in the following year. Depreclation wlll be provlded at rates calculated to wrlte down the cost of each asset to lis esiimated resldual value over its expected useful life. The depreciation rates in use are as follows.. Communlty Centre fit out Flxtures. fittings and equipment 5 years l O years l) Penslons Employer contributlons to employees defined conrribution penslon schemes are charged to Staiement of Financial Activities durlng the year. 2 Income from donatlons and grants 2024 Total 2023 Total Unrestrlcted Re5trlcted Donatlon5 and gifts Grant5 13,066 14,000 19.750 311,526 32,816 425,526 21,926 392,029 127,066 331.276 458,342 413.955 Of ihe total Income of £413,955 In 2023, £270,058 was restrlcted and £143,897 was unre51rlcted 12
Hlghgate Newtown Communlry Partners Notes ro the financlal statements For the ear ended 31 December 2024 3 Analysls of expendlture Cost of raising funds Charitable aitlvltles Support costs 2024 Total 2023 Total Staff costs (Note 5) Actlvltbes and event costs Bank charge5 Audlt fees Bookkeeping and accountlng Fitout costs Food and other provisions Insurance Legal and professlonal fees Office equipment and IT support Pr5ntlng. posrage and statlonery Publicity Rates and uilllties Repair and malntenance Sundry expenses Telephone Travel and 5ubslstence Tutors and support Ventse hire 169.412 23,946 28 66.225 281 95 4.680 10,245 235.637 24.227 123 4.680 10.295 26,527 20,654 5.180 18.822 7.167 5,021 20,102 6.000 180.646 18,962 98 4,710 8,724 50 26.527 20,554 100 5.180 10.576 5.086 1,129 27,788 S,246 39.231 6.985 I ,000 16,487 8.246 2,081 3,892 20,102 6,000 765 574 2,093 764 9,792 22,374 1.634 1.532 2.268 10,028 .634 3.218 3.776 55.389 1 ,686 1,508 45,361 Total expenditure on charltable activitles 20,102 309,291 119,059 448,452 346,239 Support Costs 119,059 1119.059) Total expenditure 2024 20,102 428.350 448,452 Total expenditure 2023 16,487 329.752 346,239 Of the total expendlture. £122,872 was unrestrlcted (2023.. £94.719) and £ 325.580 was restricted 12023.. £251,520). Support costs are costs Incurred to facilitate charltable actlvltles of the charlty.
Hlghgate Newtown Communlty Partners Notes to the flnanclal statements For the ear ended 31 December 2024 Net incoming resources for the year Thls15 stated after charglng I creditlng.. 2024 2023 Depreclarlon Audit fee5 765 4,710 4,680 Analysls of staff costs, Trustee remuneratlon and expenses, and the tost of key management personnel Staff costs were a5 follows.. 2024 2023 Salaries and viages Social 5ecurlty costs Employer's contribution to defined contrlbutlon penslon schemes 214,003 16,059 5,575 166,856 9.522 4.268 235.637 180,646 No employee earned more than £60,000 durlng the year12023.' nlll. The total employee benefit5 including pension contributions of the key management personnel were £64,200 12023.. £64,200) Staff numbers The average number of emplDyees (head count based on number of Staff employed) durlng the year was as follows.. 2024 No. 2023 No. Charltable actlvltles Support Related party transactlons No trustees received any remuneralion or any other payments for any seNices provided to the charity12023.' nill. No rrusiees were reimbursed any expenses Incurred during their office a5 trustee durin9 the year 12023.. nil). No donatlons have been recelved from rrustees whether of restricted or general purposes12023.' nill. 14
Hlghgate Newtown Communlty Partners Notes to the flnanclal statements For the ear ended 31 ecember 2024 Taxatlon The charlty Is exempt from corporatlon tax as all Its Income Is charitable and is applled for charitable purposes. Tanglble fixed asstts Fixtures, Communlty fittings and Centre fit out equipment Total Cost or valuatlon At the start of the year Additlons In year 52,266 20,109 72.375 At the end of the year 52,266 20,109 72,375 Depreclatlon At the Start of the year Charge for Ihe year At the end of the year Net book value At the end of the year 52,266 20.109 72,375 At the start of the year All of the above assets are used for charltable purposes. l O Debtors 2024 2023 Trade debtor5 Prepayments 60.599 3,934 45.139 4,101 64,533 49,240 I I Credltors.. amounts fallbng due within one year 2024 2023 Trade credltors Other credltor5 Taxation and social securlty Accruals 18.480 190 5.241 5,820 5,703 ios 4,988 29.731 10,796
Highgate Newtown Communlty Paru)ers Notes to the flnanclal 5tatement5 For the ear ended 31 December 2024 12 Analysis of net assets between funds at the end of year General unrestrlcted Designated Restrlcted Total funds Tangible fixed assets Net current as5etS 72,375 356.201 72,375 462.093 105,892 Net a55ets at the end of the year 428,576 105.892 534.468 Analysi5 of net assets between funds ar the start of year General unrestrlcted Deslgnated Restrlcted Total funds Tangible fixed assets Net current asset5 204.821 138,219 165.460 508,500 Net assets at the end of the year 204,821 138,219 165,460 508,500 13 Movements In funds Income & galns Expenditure & losses Durlng the year l-Jan-24 Transfers 31-Dec-24 Re5trlcted funds.. Lunch Clubs Chlldren's Setwlce5 Community Welfare New Build}other Capital Access Fund Channlng Fund Refugees Fund 68,854 41,721 28,495 80,341 7.097 26.145 85,734 189,5 901 (71,538) {22.6261 189,8551 16881 117.3141 133,9691 20,736 28,922 149.6581 172,3751 895 48.565 116,000 4.776 34,111 6,409 8,831 51.765 Total restrlcted funds 16S,460 338,387 {325.5801 172,3751 105.892 Unre5trlcted funds.. Rebuilding Communlty Centre 138.219 1138,2J9) Total designated funds 138,219 1138,2191 204,821 136,033 1122.8721 210,594 428,576 Total unrestrlcted funds 343,040 136,033 1122,8721 72,375 428.576 Total funds 508,500 474,420 1448,4521 534,468 16
Hlghgate Newtown Communlty Partners Note5 to the flnanclal statements For the ar ended 31 Decemb 13 Movements in fund5 (continued... Income & galns Expenditure & losses Durlng prevlous year l-Jan-23 Transfers 31-Dec-23 Restrlcted fund5'. Lunch Clubs Children's 5ervlces Community Welfare New Bulldiother Capltal 76,784 54.190 128,100 16.000 195.776) 164,405 191.3391 18.992 895 48,565 116,000 11,804 i 00.000 Total re5trlrted funds 122,914 27S,074 1251,5201 18,992 7 65.460 Unre5trlcted funds Des ated funds-. Rebuildlng Community Centre 138.069 13,447 113,2971 138,219 Total desSgnated fund5 138.069 13.447 113,2971 138.219 168,729 136,506 181,4221 118,9921 204.821 Total unrestrlrted funds 306,798 149.953 194.7191 118,9921 343,040 Total funds 429.712 425.027 1346,2391 508,500 Transfers Cfverspend on Lunch Clubs and Children'5 Services has been covered from fundlng for Communlty Welfare. Transfer from New Buildiother CapStal grant to General Funds represents the capitalised cost of Community Centre fil out that was funded from restyicted grants. Now that works on the Community Centre are underway, the trustees decided that they no longer requlre a designated funds for th15 purpose. The balance has been transferre¢J to General Funds. Purposes of resiricred funds Lunch Clubs .' Thls exlsts to provlde low-cost or free lunches to disadavantaged resldents of Highgate Newtown. Dartmouth Park, Highgate Village, Gospel Oak and Belsize Park Children's Services Th55 exisrs to provbde 'stay and plarf facilitles to mothers, carers and thelr under 5 chlldren In Highgate Newtown, Dartmourh Park. Highgate Vlllage, Gospel Oak and Belsize Park Communlry Welfare Thls supplement the lunch club and childrens services fund and also funds food parcels, seaslde trlps, chrlstmas parties and other welfare events for the same groups as SUPPOlted the lunch club and childrens's services New Buildlother Capltal This fund was created to fund the fitout of HNCP'S newe Cumrnunity Centre. Access Fund .. This was created to provlde free access ro OLsr new Community Centre to residents who need it. Channing Fund .' Thls exlsts to support our education+ initiative for school age children in our area of Interest and also contributes to our Community Welfare fund. Refugees Fund .' Thls fund is intended to fund the Integration of refugees, particularly Afghan refugees In the communliies in our area of Interest. Purposes of deslgnated funds The trustees have established a designated fund towards the cost of rebuilding the Community Centre as (lescribed In the Tru5tees' Report. 17