## **Hackney Quest**
## **_________________________ Report & Financial Statements**
**For the year ended 31[st] August 2021**
**________________________________ INDEX Page 2 Legal & Administrative Details Pages 3-15 Trustees’ Report Page 16 Independent Examiner’s Report Page 17 Statement of Financial Activities Page 18 Balance Sheet Page 19 Cash Flow Statement Pages 20-26 Notes to the Accounts**
**Company No. 2266475**
**Charity No. 299734**
## **Hackney Quest: Trustees Annual Report 2020-21**
## **Reference & Administrative Details**
**Summary of** The company has the power to invest its money that is not **investment powers** immediately required for its objects. **Company number 2266475 Charity number 299734 Registered office and** No 1 Poole Road **operational address** Hackney, London, E9 7AE **Trustees** Trustees, who are also directors under company law, who served during the year and up to the date of this report are as follows: John Anderson (up to 14/7/2021) Leverne Sinclair (Co-chair) Juliet Farrall Lorna Taylor James Beresford (Co-chair) Oana Bradulet Terence Cronin Charndeep Devgun Sophie Hewitt **Bankers** National Westminster Bank plc 20 Amhurst Road Hackney London E8 1JJ **Independent Examiner** Jacquie Driver Jacquie Driver Ltd Church House 1 Prodigal Square Hackney E8 1FX
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## **Facebook:** www.facebook.com/hackney.quest **Twitter:** https://twitter.com/hackneyquest **Instagram:** HackneyQuest
## **Structure governance and management**
Hackney Quest was incorporated by Memorandum and Articles of Association in 1988 and is a company limited by guarantee and not having a share capital.
We can confirm that our Trustees have given due consideration to the Charity Commissions published guidance in the Public Benefit requirement under the Charities Act 2011.
## **Board of Trustees**
We have a minimum of five trustees; vacancies are advertised to the existing volunteer base and to external agencies. Potential trustees are provided with a detailed job description and invited to attend a Board meeting. Candidates’ written applications are considered at the next Board meeting and must have the majority support of the Board. The Board is developing a more formal induction and CPD process to include trustee mentoring, and opportunities to attend _pro bono_ training sessions offered by some of the major London law and accountancy firms, and by third sector umbrella organisations, are advertised and participation strongly encouraged.
Trustees are informed of their fundamental legal duties and their broader responsibility to support the effective management of the charity. Information is summarised in a trustee handbook. All trustees are enhanced DBS checked which, alongside a recommended framework of safeguarding training and practice, is key to ensuring that they are fit and proper persons to take responsibility for an organisation that works with young people.
The trustees ensure that major risks, including governance, operational, financial, external and compliance with legal requirements are identified and reviewed on a regular basis and that we have adequate systems in place to mitigate them. The management ensure that policies and procedures covering Health and Safety, Safeguarding, Child Protection, Equal Opportunities, Finances, and a staff handbook and volunteer handbook are in place. These are reviewed, advised upon, and endorsed by the Board annually or as required.
In addition, the trustees ensure that Hackney Quest has access to professional legal and financial advice where appropriate. Meetings are held 4 times per year. Trustees receive a detailed bi-monthly report as well as financial and budgetary reports, to ensure they are able to properly scrutinise the charity’s activities. Trustees are also actively encouraged to engage with staff, volunteers and beneficiaries.
## **Management and key staff**
Colette Allen is Hackney Quest’s CEO and has been in post for 20 years. Finance and fundraising is the responsibility of Karen Bance. Marisa Linihan is the Volunteer Manager, Janita Halsey is the Youth Manager, Andrew Esiegbe is the Family Support Manager, Luke Billingham is the Wick Award Youth Voice and Education Support Coordinator, Lekan Awoyemi and Fola David-Joshua are our Senior Youth/Outreach workers, Bella Relph is the Employability Manager and Lucy Bradley is the
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Administrator. Our staff have a combined 85 plus years’ experience of volunteering with and working for Hackney Quest.
Each and every activity carried out by Hackney Quest is planned in detail and in collaboration with experienced staff and volunteers. Written evaluations are produced and considered by management on a regular basis, with a particular emphasis on any risks, and on outcomes. Each beneficiary’s engagement with programmes is recorded, and their achievements reported both internally to staff and trustees – and externally to stakeholders in the form of statistical and/or anonymised returns as appropriate.
## **Partners, funders and support organisations**
Skyway Charity, Berkley Trust, PWC, The National Lottery Community Fund, Kirkland and Ellis,Wick Award, Young Hackney, London Borough of Hackney, The Headley Trust, William Wates Memorial Trust, The John Paul Clarke Family, SAM Charitable Trust, Child and Adolescent Mental Health Services (CAMHS), The Jack Petchey Foundation, London Youth, Hackney Council for Voluntary Services (HCVS), Pemberton Barnes Trust, South Hackney Parochial Charities, Hackney Parochial Charities, Berkley, London Legacy Development Corporation (LLDC), UCL - Citizen Social Scientists, Vanguard, Evening Standard, Founders Pledge via just giving, Valient Trust, a number of Smaller Worshipful Companies and Charitable Trusts
Plus, the many individuals who give regularly and also the many individuals and /teams who fundraise for us at events such as the Hackney Half Marathon, as well as corporates who match-fund and staff who give their own time.
## **Premises**
We operate from 1 Poole Road, London, E9 7AE
## **A message from the Co-Chairs of Trustees**
Hackney Quest remains deeply committed to helping young people in Hackney develop and pursue their aspirations, empowering them to be agents of positive change in their community. We have always seen young people in context, and believe in the importance of collaboration with others to support their families, schools and other institutions, and their wider community, to improve and strengthen the relationships around them.
Unsurprisingly, this past year has again presented challenges for Hackney Quest and the young people and community it serves, but the team and volunteers have responded admirably and with agility around lockdowns and emerging needs. The expansion of the foodbank into a food consortium, and the community meals offering are just two examples.
Hackney Quest has attended to a growing and emerging need to support young people aged 14-18 as they seek employment. Particular highlights this year have been significant contributions to the Headstart Action programme funded by the London Mayor, and starting Hackney Quest’s own ‘New Futures HQ’ employability programme for 16-25 year old young people. This has also been a year of growth in our funding, which exceeded £500,000 for the first time, and as a result we have prepared a full annual report following the guidelines set out in the Statement of Recommended Practice.
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On behalf of our fellow trustees, we’d like to thank all of Hackney Quest’s staff, supporters, many volunteers and youth workers who have contributed so much despite continued challenges this past year to enable the charity to continue to support young people in Hackney.
## _**Leverne Sinclair and James Beresford Co-chairs**_
## **Message from the CEO**
Once again, the year proved to have many challenges, in particular around the opening and closing of our building/services due to Covid and lockdowns. However, the staff and volunteer team pulled together and adapted to the restrictions whilst continuing to support young people and families. Most notably, we formed a food response consortium with local partners and supported hundreds of shielding community members each week with shopping, food deliveries and practical support.
We did open up again in September 2020 and offered in-house youth clubs and activities for a few weeks but had to close down again in November and moved most of the youth activities online. Mentoring and family support was also carried out over zoom, phone calls and, in early 2021, with socially distanced walks. Thankfully in April we were able to run a holiday programme and started up our evening youth club sessions again and in the summer of 2021 we even managed to take a group of young people on a camping residential and a 5-day sailing trip on a tall ship.
Our Headstart Action employability programme, started in August 2020, thrived despite the restrictions and 3 cohorts of young people took part in the programme over 18 months. Through their social action projects they planned and ran a “Show Your Culture” community event and made a film tackling racism and interaction with the police.
As Headstart came to an end we launched a new employability programme in the Summer of 2021 called NewFuturesHQ and we have already seen quite a few of our young people gaining work experience and employment through this programme.
Financially and organisationally we finish this year in a strong position thanks to the support of our funders, the dedication of our staff and volunteers and, most of all, the commitment of our young people.
## _**Colette Allen CEO**_
## **Objectives and activities**
Our Articles of Association state that Hackney Quest was established to:
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- A. Educate children and young people, especially but not exclusively through their leisure-time activities, so as to develop their physical, mental and spiritual capacities and skills in order to enable them to achieve their full potential and to grow to full maturity as individuals and members of society and thereby make a positive contribution within the community as a whole.
- B. Provide or assist in the provision of facilities, training and other opportunities for the recreation and other leisure-time occupation and, further, for education in interpersonal and practical skills, for children and young people who have a need for such facilities by reason of their youth, disablement, poverty or social or economic circumstances and, in particular giving priority to those who are resident in the London Borough of Hackney and who have come to the attention of education, health or police authorities, or other agencies as being in need of support, especially by reason of their history of delinquency or truancy, and in order that such children and young people may achieve these aims in the interests of social welfare and with the object of improving their conditions of life, regardless of their ethnic origin, sex, gender, religious affiliation or disability.
## **Aims and Objectives**
- Hackney Quest aims to give **young people, families and members of the community** the practical and emotional support they need to develop and pursue their aspirations and deal positively with life’s challenges. We help build confidence, develop new skills, widen perspectives and opportunities, as well as uncover existing strengths and capacities.
- **Volunteers** provide a diversity of positive role models who will help to promote development of young people, families and the community and support them on their journey to fulfill their potential. We connect people and help provide an environment where we can learn from each other through forging supportive relationships that realise the potential for positive change that lies within us all as individuals, families, and as a community.
- We aim to **give young people a voice in Hackney** and involve them in the strategic direction/governance of Hackney Quest. We encourage them to prepare for the responsibilities, opportunities and expectations of adulthood and citizenship.
- We aim to **support and empower families and our local community** by offering practical and emotional support to promote wellbeing and decrease social isolation.
## **Activities undertaken to achieve aims**
Hackney Quest is a long-running independent charity and we have been supporting young people, parents, families, and the wider community in Hackney since 1988 through a wide range of projects and programmes. We are deeply committed to Hackney’s young people, families, and community.
As well as a brilliant team of dedicated staff, we also have nearly 100 volunteers giving time and experience to Hackney Quest — supporting and running youth sessions, supervising trips, fundraising, mentoring, cooking meals, providing people with advice and guidance, and so much more.
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Among our volunteers we have people of all ages, and people from a wide range of cultural, social and professional backgrounds. What brings them together is their shared commitment to Hackney’s young people, parents, families and community.
As we’re an independent charity, not a statutory or a specialist service, we can be nimble and flexible in how we support people: we can work with multiple members of the same family, we can provide a mixture of mentoring, practical support, and informal advocacy, and we can adapt to young people’s and family’s changing needs over time
We work closely and in partnership with other local youth organisations and with a range of local services, including social care, mental health services, Young Hackney, Youth Offending, and local schools. We help young people, parents and families to navigate all the systems that affect their lives — the education system, social care system, immigration system, housing system, and more.
We also advocate for change in the local community, working alongside young people, parents, and other professionals to make the systems better. We will always fight for a fair, equal Hackney, in which young people, parents, families and the community live in the conditions they need to develop their potential. We work to make sure that everyone who interacts with Hackney Quest feels respected, loved, encouraged and safe.
As a charity ingrained in the local community, we deliver sustained and long lasting outcomes for young people and their families via the following programmes and projects:
**Young people** : positive youth engagement programmes; after school, Saturday and holiday youth club and activities, personal development workshops, sports and personal development, residential trips in the UK and overseas.
**Volunteers, mentoring and employability:** volunteers support young people, families, and the community and volunteer mentors support young people 1:1 and through our employability programme. Peer volunteers aged 14+ support younger members within the youth participation team, leading on community and skillsbased projects.
**Wick Award/Youth Voice** : led by HQ/Wick Award alongside local young people. They have run events and workshops in the local area and in local schools, and have consulted with local decision-makers about the future of Hackney Wick and how the area could be improved for young people. In addition, we have run local youth voice projects with LLDC, UCL and working with local employers to ensure that local young people access opportunities.
**Family/education support:** we aim to meet parents and carers where they are at and can offer 1:1 support, skills training, advice, guidance and signposting, parenting courses and support through challenges to stay in education or move to a suitable alternative. We work closely with statutory and other support services.
Volunteers are at the centre of everything that we do at HQ. We were founded by volunteers and the care and diversity of a community that shares skills and support each other is something that we have kept at the core of our organization.
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## **Strategic priorities September 2021 – August 2022**
**Management and building:** Secure a new 5-year lease at a reasonable term and continue to hold our free reserves to a minimum of 3 months of unrestricted expenditure.
**Young people** : support youth-led initiatives and fundraising for additional youth programmes. Continue to fulfil commissioned contracts for Young Hackney and the National Lottery Reaching Communities Fund through our positive youth engagement programmes
**Volunteers, mentoring and employability:** Secure funding to continue and develop our successful programmes, building on current partnerships and developing new strategic partnerships around employment and volunteering.
**Wick Award/Youth Voice** : continue to work in partnership with Wick Award and Rise Up East (VRU), fulfilling the terms of our contracts and enhancing the offer to young people in the Hackney Wick area.
**Family/education support:** secure further 3-year funding to continue to support families, particularly in the areas of school exclusion advocacy.
## **Financial review**
## **Reserves policy**
Hackney Quest has on-going commitments to the users of its service and legal responsibility to the staff it employs. It is therefore considered prudent that Hackney Quest should aim to have a minimum level of free, unrestricted reserves representative of three months’ running costs. Our free, unrestricted reserves at the end of the financial year stand at £132k (£96k in 19/20) which represents around 6 1/2 months of running costs.
This policy will be reviewed by the Trustees and the Fundraising & Finance Manager on an annual basis, or intermediately when any significant changes to the structure of the organisation or its work take place as a matter of course.
## **Financial results**
In 2020-21 Hackney Quest had income of £532k (£433k in 2019/20) of which £259k was unrestricted (£140k in 19/20). Restricted funds ended the year with a balance of £54k (2019/20 £82k) and the unrestricted funds increased by £36k over the year to end with a balance of £136k. For details see the statement of financial activities, balance sheet and accompanying notes.
## **Fund-raising by activity**
## **COVID-19 response**
In 2020, our response to the pandemic was initially funded and supported in kind by the SAM Charitable Trust, The Felix Project, the Gurwardara Temple, existing funders, local supporters and volunteers.
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In Jan 2021, we were commissioned by Hackney Council to lead a local consortium of food providers and foodbanks to support people in Hackney who were Clinically Extremely Vulnerable (CEV) and shielding through Test and Trace.
In addition to the above, we also received Covid response grants from: The Worshipful Company of Tax Advisors, Brotherhood of the Cross and Star, Ally Shields, Netflix.
For all funders we had in place a thorough quantitative and qualitative data collection and Views/IYSS reporting systems, collected feedback on successes and challenges and met with the full requirements of the grants and contracts.
## **Youth programmes**
Our main core funders of our positive youth engagement programmes are LB Hackney (Young Hackney Commissioned contract), Berkeley Foundation and The National Lottery (Reaching Communities). Both contracts are restricted to specific activities, programmes and outcomes and we have continued to meet all criteria met and delivered more than required.
Additional activities such as our camping and sailing trips and the Summer Transition Programmes were funded by The John Paul Clarke Family Fund and SAM Charitable Trust, as the Jack Petchey Foundation and Bannister House Solar.
For all funders we had in place a thorough quantitative and qualitative data collection and Views/IYSS reporting systems, collected feedback on successes and challenges and met with the full requirements of the grants and contracts.
## **Volunteers, mentors and employability**
South Hackney Parochial Charities supported our adult volunteer programme which gave us an opportunity to recruit and support more volunteers, open up a further community lunch and take on more volunteers during lockdowns to deliver food/essentials to the community.
SAM Charitable Trust, London Youth (HeadStart) and Valiant supported our employability programme in its development and continuation and William Wates Foundation funded our mentoring programme for the second year of 3.
For all funders we had in place a thorough quantitative and qualitative data collection and Views/IYSS reporting systems, collected feedback on successes and challenges and met with the full requirements of the grants and contracts
## **Wick Award and youth voice**
Wick Award funded our work amplifying youth voice and advocating for young people's needs in Hackney Wick. During Sep 2020 - Aug 2021, this included a number of different initiatives, the biggest of which was The Fuse Project. Also additionally funded by the LLDC, the Fuse Project was an innovative youth design project which trained and paid six local young people to act as social designers, designing a new initiative to support youth employment in East London.
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## **Family and education support**
We are very thankful to our two main funders of these projects The Headley Trust and Kirkland & Ellis who have continued to support us for many years. We are currently in Y3 of 3 from the Headley Trust and report to them annually on successes and challenges and Kirkland and Ellis have supported in this area for 6 years and we provide an annual update.
For all funders we had in place a thorough quantitative and qualitative data collection and Views/IYSS reporting systems, collected feedback on successes and challenges and met with the full requirements of the grants and contracts.
## **Achievements and Performance**
## **Covid Response**
As with everyone, we hadn’t really expected to still be dealing with the pandemic at the beginning of 2021. However, by the end of 2020, it had become clear that there would be more lockdowns and that we would need to continue the levels of support we gave to our young people, families and the community.
It was easier this time to creatively move our youth and mentoring services back on-line and, as we had set up and experienced how to do this in 2020. We also did distanced walks and met outdoors with young people and families when we could. We were also able to raise funds to buy Thinkpads for young people and families that we knew didn’t have them or struggled with several children in one home.
By Easter we ran a reduced holiday programme and in the summer we were back to full service, with a camping and sailing residential being the highlights of our summer.
_Foodbank:_ following on from our food response in early and late 2020, we were asked by the Council to set up a food consortium with other local foodbanks. We brought 4 local organisations together and in January started to deliver food parcels to people who were shielding due to being classed as Clinically Extremely Vulnerable and who had to self-isolate due to Covid.
This ran from January to June 2021 and at its peak we were delivering 180 bags of food to over 90 families each week all over Hackney. This was only possible due to the large number of volunteers who helped out, many of whom were local professionals who had been furloughed or were working at home.
In addition, we set up a foodbank with the support of The Felix Project, The Guru Maneyo Granth Gurdwara Temple and through the dedication of our staff/volunteer team and over 100 people each week could come and pick up 2/3 bags of fresh food and essentials.
_Community meals:_ since 2016 we have been providing cooking and serving a healthy three-course community meal one day a week at a local church. In 2019 we started an additional meal day in partnership with another community centre and now provide 2 weekly community meals on a Monday
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and Wednesday to about 30- 40 people. These community meals are supported by 7 volunteers in total giving 336 hours of their time over the year.
This service stopped during the lockdown at the beginning of 2021, but we still cooked and gave out meals to our local residents who we knew were very vulnerable during this time. This also gave us a chance to check-in with them and to offer additional support. Following the guidance, we were able to restart the community meals again once communal buildings were open and are now nearly back at full capacity.
## **Youth Programmes**
Our youth programme for young people aged 8-19 years was split into term time evening sessions and holiday programme activities. Depending on the government covid restrictions at the time depended on whether our programmes were online or in house with/without restrictions.
We hosted youth evenings sessions during term time 5 times a week (Monday to Friday) for different ages groups (primary, year 7-9 & year 9+) as well as a separate music production & singing programme, a homework club, open access youth night held on Frampton Park Estate and one to one mentoring programme. During the lockdown, the majority of these programmes moved online using zoom and were overall really successful with good levels of engagement. Only the open access session and music production didn’t work. Where this didn’t work, we increased the amount of detached youth work we did in and around the area and also included weekly phone calls to all young people to make sure they were well, staying safe and that they knew we cared.
Some of the amazing projects the young people across the year during the term time evenings sessions have engaged with are: _Art installation project, Head start social action employment project, Cooking programme with Eat club, puppet making project to explore emotions, black books programme exploring identity and aspirations, football coaching, podcast and youtube creation, T-shirt designing and more._
In the holidays we delivered a vast range of fun trips, activities and even in the summer 2021 was able to have a few residentials which the young people loved. In the October 2020 we were able to deliver activities in house, but kept the numbers to a max of 12 young people per session and did half day activities so we could deliver two different activities a day. (We included fun activities like multi sports, wood work workshop, cooking etc.) In the February half term 2021 we were in the depths of lock down and had to do our holiday programme online, but to keep the engagement, we organised that the young people came and collected a lunch and any equipment they needed for the activity and then had their online session in the afternoon. We delivered fun activities like dance, party n paint, cooking, fitness and more. Considering it was all online the engagement was fantastic.
All the other holidays, Easter, May half term and the Summer we were able to deliver fun trips and activities. Some of the young peoples’ favourites have been _Trampolining, Go Karting, swimming, bowling, cinema, BMX biking_ etc. We have also done some great collaborative days with other youth organisations involving a couple of multi sports days. Two big highlights of the summer were a camping residential in Epping Forest and Tall Ships sailing residential around the English Channel.
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Considering this year was a difficult time for all, especially our young people and families, we were proud to be able to offer hot meals to young people, weekly food bank and food deliveries to families, laptops to those young people who needed as well as regular phone calls to all young people when physical contact had to be minimised.
## **Volunteers, Mentors and Employability**
_Volunteers:_ throughout this period we continued to recruit new volunteers, many who came to us during the lockdowns to deliver food and support their local community and then wanted to get more involved with our other programmes. In 2020/21 we maintained a base of committed volunteers and at August 2021 had 93 volunteers over all of our programmes, bringing a huge diversity of backgrounds, skills, knowledge, experience and therefore enhancing the offer to young people and the community.
_Mentors_ **:** we continued to provide 1:1 support, modelling positive behaviour, education on anti-social behaviour and criminality. We also provide support to the young people to enable them to achieve their desired goal. We no longer are doing virtual learning all activities have resumed back to Hackney quest where the young people have been attending and enjoying face to face sessions.
We supported our young people to understand their emotions, and to recognise the signs that could lead to negative outcomes. Hackney Quest has a team of 97 dedicated mentors who dedicate time to supporting our young people. Within the last 12 months, our mentors spent a total of 442 hours, providing mentoring sessions to our young people.
Out of over 300 young people attending Hackney Quest this year we have been offering regular mentoring support to 97 young people.
We have 53 volunteers mentoring young people every two weeks, 26 young people having education focused mentoring, eight young people receiving family support focused mentoring, 24 young people having employment focused mentoring and 39 younger people having wellbeing and skills building mentoring.
_Employability_ : in 2021 we were part of the Headstart Action programme funded by the London Mayor's Office. The programme offered young people aged 14-18 the space and support to gain skills and opportunities to help them develop their sense of agency in the world and tangibly learn about the employment opportunities available to them as young people growing up in Hackney.
We also launched our ‘New Futures HQ’ employability programme for 16-25 year old young people, where we are connecting young people to employment opportunities through our wonderful team of volunteers and their connections. We have over 70 young people that we are supporting with mentoring, employability sessions, CV and application support and we are working with lots of employers to create a range of opportunities that introduce our young people to different industries and workplaces.
## **Youth Voice**
In May 2020, we re-established our youth voice programme, this time with an old quest member (who is now a youth worker for Young Hackney) chairing the meetings. Young people from age 11+ were
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invited to participate in the programme where they discussed what they as young people like about Hackney Quest/ what areas they feel Hackney Quest could improve, along with what affects them as young people In Hackney and how as an organisation we can support this. Meetings have been once a quarter and the aim is their voice will be heard by the Trustee’s at our next AGM
## **Wick Award/Youth Voice**
The idea that they developed is to be implemented in the Good Growth Hub on the Olympic Park. In addition to this, the Wick Award funding also supported our strategic work with other local youth organisations in Hackney Wick, working together to ensure that new developments coming in to the area are benefitting local young people, as well as our work directly supporting young people and parents in Hackney Wick through the difficulties of the COVID-19 pandemic.
## **Family/Education Support**
Over the past year, there has been another increase in family seeking more in-depth long-term support by our team. We have seen an increase in housing problems, mental health issues and family breakdown resulting in us having to recruit more volunteers to give more targeted support in addition to and supervised by our family support manager.
During the lockdown, we adapted to meet the needs of our families/community to provide some of our services online and continued to engage our families and young people virtually, over the phone and again face to face when we were able to in Spring 2021.
We also offered practical support to our clients in the way of form filling, housing and immigration issues, attendance at education meetings, writing letters, counselling, mediation, job-seeking and by giving them opportunities to volunteer
## **Principal risks and uncertainties**
|**Risk Area**|**Explanation**|**Mitigation**|
|---|---|---|
|Funding|Hackney Quest is a charitable
organisation reliant on grants
and donations. Funds for our
core work can sometimes be
concentrated around a number
of key funding sources.
Hackney Quest operates out of
an older building that we do not
own therefore exposed to risk of
rent increases or possible loss of
access to the building as well as
large scale repairs|●Diversification of funding sources
●Financial targets to maintain reserves
●Maintenance of volunteer network as
a delivery arm (in case of need to cut
paid youth workers)
●Close
communication
with
the
building owners – Hackney Joint
Estates to identify early sign of risks
●Targeted funding applications that
include building maintenance/ core
costs|
|Organisational
resilience/covid
response|2020/21 took us into the second
year of the pandemic and the
risks
were
staff
shortages,
building
closure
and
young
people/families being affected in|●Flexible working for all staff, check-
ins.
●Stay in-line with Govt regulations re
covid safety.
●Group,
mentoring
and
individual|
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||education,
with
their
mental
health and home life|mental support in place for young
people.|
|---|---|---|
|Human Resource|Hackney Quest is driven by a
small group of dedicated staff.
We
need
to
ensure
their
workload is sustainable.|●Regularly review staff workloads to
ensure that they are reasonable.
●Ensure salaries are in line with
market benchmarks
●Increase core-funding to build staff
team and better distribute workload|
|Data
Management and
GDPR|We
have
different
database
systems for different funders and
would work more efficiently if
these were streamlined|●Funding applications to include new
systems and implementation
●Digitalisation of our administration
with approved access.|
|Health and Safety|Hackney Quest works with and
volunteers,
vulnerable
adults
and
young
people
facing
challenging circumstances within
the local community.|●Policies
for
management
of
operational risks relating to our work
are in place and are reviewed
annually
●All staff and volunteers are trained in
relevant policies.|
|Marketing/ PR|Hackney Quest has a positive
reputation within the community
and its partners; this is to be
maintained and exceeded.
As a charity, Hackney Quest
depends on its reputation with
key funders and the community
for its funding and its ability to
operate effectively|●
Young people and staff trained/
reminded of organisational rules and
Ethos
●
Clear procedures for communicating
with key stakeholders in event of
crises, including scenario planning
●
Execution
of
key
policies
and
application for quality mark as a way
of ensuring internal fitness of policies
and as an external marker of
confidence
●
Key messages and guidelines for all
staff and trustees communicating
about Hackney Quest externally,
including social media policy and
media policy
●
Identification of key spokespeople
and media training|
## **Responsibilities of the Trustees**
The Trustees are required to prepare an annual report and financial statements for each financial year in accordance with applicable law and UK Generally Accepted Accounting Practice.
The Trustees are also required to prepare financial statements which give a true and fair view of the state of affairs of the charity and the incoming resources and application of resources, including the net income or expenditure, of the charity for the year.
In preparing those financial statements the Trustees are required to:
- select suitable accounting policies and then apply them consistently
- make judgements and estimates that are reasonable and prudent
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state whether applicable accounting stsndards and slalement$ of recommended practice
have been followed, subject to any material departures disclosed and explained in the
financial statements.. and
prepare the financial statements on the going concerr¢ basis unless il is inappropriate to
presume that the charity will continue in operation.
The Trustees are responsible for keeping adequate accounting records which disclose with
reasonable accuracy al any time the financial position of the charity and which enable them lo
ensure that the financial statements comply with the Companies Act 2006.
The Trustees are also responsible for safeguarding the assets of the charitable company
and hence for 18king any reasonable steps for the prevention and deleclion of fraud and
other irregularities.
Guarantees
Members of the board of Trustees of the charitable company guarantee to contribute an amount
not exceeding £1 to the assets of the charitable company in the event of winding up. The lolal
number of such guarantees al 31 August 2021 was 8. The Trustees have no beneficial interest in
the charitable company.
Jacquig Driver Ltd was thg charitable company's Indepondent examlner during the year
Approved by the Trustges on 2EI 112¥(L and signed on their bghalf by
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## **Independent examiner’s report to the Trustees of Hackney Quest**
I report on the financial statements of the charity for the year ended 31 August 2021, which comprise the statement of financial activities, balance sheet, related notes and are set out on pages 17 to 26
## **Respective responsibilities of trustees and examiner**
The charity’s trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the financial statements. The trustees consider that an audit is not required for this year under section 145 of the Charities Act 2011 (the 2011 Act). The charity is required by company law to prepare accrual based accounts and the charitable company's gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants of England and Wales
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:
- examine the financial statements under section 145 of the 2011 Act;
- to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- to state whether particular matters have come to my attention.
This report, including my statement, has been prepared for and only for the charity’s trustees as a body. My work has been undertaken so that I might state to the charity’s trustees those matters that I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to any other than the charity and the charity’s trustees as a body for my examination work, for this report or for the statements that I have made.
## **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
- to keep accounting records in accordance with section 386 of the Companies Act 2006 and section 130 of the 2011 Act ; and
- to prepare accounts which accord with the accounting records, comply with the accounting requirements of the Companies Act 2006 and Regulation 8 of the Accounts Regulations and the 2011 Act
- have not been met; or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Jacquie Driver FCA, Jacquie Driver Limited
Office address: Church house, 1 Prodigal Square, Hackney, E8 1FX Date: 1[st] March 2022
Page 16
## **Hackney Quest**
**Statement of financial activities (incorporating an income and expenditure account)**
**For the year ending 31 August 2021**
|Note
**Income and endowments from**
Donations & legacies
2
Income from Charitable activities
3
Other income
4
**Total income and endowments**
**Expenditure on**
Expenditure on Raising funds
Expenditure on charitable activities
**Total expenditure**
5
6
**Net Movement in Funds**
Balances at 31 August 2020
**Balances at 31 August 2021**
11
Net income/(expenditure)|Restricted
Unrestricted
**Total**
£
£
**£**
113,566
124,611
**238,177**
175,225
117,483
**292,708**
0
1,010
**1,010**
288,791
243,104
**531,895**
-
34,928
**34,928**
316,127
172,154
**488,281**
316,127
207,082
**523,209**
(27,336)
36,022
**8,686**
81,790
99,538
**181,328**
54,454
135,560
**190,014**
**Year to 31st August 2021**|Restricted
Unrestricted
**Total**
£
**£**
£
139,654
101,866
241,520
0
183,377
183,377
0
7,939
7,939
**Year to 31st August 2020**|
|---|---|---|
|||139,654
293,182
432,836
0
48,036
**48,036**
116,489
200,555
**317,045**|
|||116,489
248,592
365,081|
|||23,165
44,590
**67,755**
58,625
54,948
**113,573**|
|||81,790
99,538
181,328|
All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in note 12 to the financial statements.
Page 17
Hackney Quest
Balance Sheet
As At 31 Augu8t 2021
31108121
3J10812
Tan%ible fixed a$se15
6.120
7,195
Current assets
Debrors
ar bank and in liand
9,909
184,859
194,768
8,007
178,121
186.128
Creditors: amounis falling du¢ within one ye#t
10
10.874
11,995
Nei curreni a8set8/liabilit¢5
183,894
174.133
Net assets 1 liabilities
191,014
181,328
Funds
Rc%tricrcd fund%
[Inr¢srrictLd funds- 8ener21
54,454
135 J60
81,790
99,538
Total funds
12
190,014
181 J28
Fur rhL Ln(ling.31 August 2021 the charitxblt campan!. Lntidcd to exemptiun Erum audit under 477
of thL' Cc)mpAni¢4 Aci 2{ rclating rn smxll companies.
ThL I'rustees acknn.Iedgc rhc fr)Ilnwing restK)n%ibiliiic%'.
ljl'Ilie m¢nihers h&1I-L nc)r rcquTrreil IhL Cl)mpAn!' tn i>l)rAin xn iudjt i)f it% accuunt% fc)r the i.r in
quc*ri()rt in f rhc Att u'itli respect tu
xcc(?unrinK recr)r(14 xnd rhc prcparAtion of Acc(iurtt4
ThLSL ACC()unts IiAiJ¢ kcn prLyared in 2ccurdance wirh rhc proi'isiuns applic#ble tr) comp2ftiL'%
%ubiLci rv rhL st1 crJmpAnie%' giMe.
Appr()i'ed l)i' rhe Tiu%tLes on
Anil qihFncd ()n their behf b%.
Page 18
## **Hackney Quest**
## **Cash Flow statement**
|**For the year ending 31 August 2021**||**2021**|**2021**|**2020**|**2020**|
|---|---|---|---|---|---|
||£||£|£|£|
|**Net income for the reporting period (as per statement of financial activities)**|||8,686||67,755|
|**Adjustments for:**||||||
|Depreciation charges|3,575|||3,158||
|Write off of assets|0|||0||
|(Increase)/Decrease in value of debtors|(1,902)|||(1,036)||
|(Decrease)/Increase in value of creditors|(1,121)|||3,767||
|Net cash from operating activities|||551||5,889|
|**Cash flows from investing activities**||||||
|Purchase of fixed assets|||(2,500)||(1,445)|
|||||||
|**Increase in cash in year**|||6,737||72,199|
|**Reconciliation of net debt**||||||
||||opening|cash flow|closing|
||||01/09/20|20-21|31/08/21|
|Cash and cash equivilents-||||||
|Current accounts|||104,018|6,731|110,749|
|Deposit accounts|||74,103|7|74,111|
||||178,121|6,739|184,859|
|Borrowings
Debt due within one year|||0|0|0|
|||||||
|Total|||178,121|6,739|184,859|
Page 19
**Notes to the Financial Statements For the year ending 31 August 2021**
## **Hackney Quest**
## **1. Accounting Policies**
a) The financial statements have been prepared under the historical cost convention and in accordance with applicable accounting standards and the Companies Act 2006. They follow the recommendations in the Statement of Recommended Practice, applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Repulic of Ireland (FRS102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
Hackney Quest was incorporated by Memorandum and Articles of Association in 1988 and is a company limited by guarantee and not having a share capital (company number 2266475). It is also a registered charity (number 299734). It's registered office is at 1 Poole Road, Hackney, E9 7AE.
The trutees considers that Hackney Quest is a going concern as it has prepared what it considers to be a viable budget and cash flow forecast which show that the finances are looking healthy for at least the next 12 months. Therefore the accounts have been prepared on the basis of Hackney Quest being a going concern.
b) Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when receivable. Donated services and facilities are recognised as an incoming resource where the provider of the service has incurred a financial cost. Volunteer time is not included in the financial statements.
c) Revenue grants are credited to the statement of financial activities when received or receivable whichever is earlier, unless they relate to a specific future period, in which case they are deferred.
d) Grants for the purchase of fixed assets are credited to restricted incoming resources when receivable. Depreciation of fixed assets purchased with such grants is charged against the restricted fund. Where a fixed asset is donated to the charity for its own use, it is treated in a similar way to a restricted grant.
e) Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered.
Resources expended are allocated to the particular activity where the cost relates directly to that activity. However, the cost of overall direction and administration of each activity, comprising the salary and overhead costs of the central function are allocated to support costs.
These costs are re-allocated on the basis of staff time as:
Fundraising and publicity 15% Young people's and volunteers' activities 85%
Governance costs include the management of the charitable company's assets, organisational management and compliance with constitutional and statutory requirements.
The costs of generating funds relate to the costs incurred by the charitable company in raisirig funds for the charitable work.
f) Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life. The depreciation methods in use are as follows:
Equipment, fixtures and fittings 20% of the cost each year
Items of equipment are capitalised where the purchase price exceeds £500. Depreciation costs are allocated to activities on the basis of the use of the related assets in those activities.
Assets will be reviewed for impairment if circumstances indicate their recoverable value to be materially lower than their value disclosed in the accounts.
g) Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund together with a fair allocation of governance costs.
h) Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charitable company.
i) Rentals payable under operating leases, where substantially all the risks and rewards of ownership remain with the lessor, are charged to the statement of financial activities on a straight line basis, based on the length of the lease.
Page 20
## **Hackney Quest**
**Notes to the Financial Statements For the year ending 31 August 2021**
|||2021||||2020||
|---|---|---|---|---|---|---|---|
|**2. Donations & legacies**||||||||
||Restricted|Unrestricted||**Total**|Restricted|Unrestricted|**Total**|
||£||£|**£**|£|£|**£**|
|Antonio Carlucchi Trust||||**-**|5,000||5,000|
|Benevity||4,273||**4,273**|3,380||3,380|
|BP Transferwise||||**-**||1,643|1,643|
|CAMHS (Homerton NHS)||||**-**|3,264|-|3,264|
|Casey Trust||||**-**|2,000|-|2,000|
|City of London||||**-**|2,778||2,778|
|Charles S French CT||3,000||**3,000**||-|-|
|Dr Mortimer Foundation||||**-**||-|-|
|Evening Standard||||**-**|10,000|-|10,000|
|Felicity Wilde CT||2,000||**2,000**||||
|Founders Pledge|-|5,000||**5,000**||||
|Gascoynes||||**-**|1,333||1,333|
|Hackney Parochial Charities||15,000||**15,000**|2,500|15,000|17,500|
|HCVS- my ends|1,566|||**1,566**||||
|Headley Trust|30,000|35,000||**65,000**|30,000|5,000|35,000|
|Hedley Foundation||||**-**|-|-|-|
|Jack Petchey|3,250|||**3,250**|2,250||2,250|
|John Paul Clarke Family||||**-**|11,205|-|11,205|
|Jules Thorn CT||1,250
||**1,250**||1,000|1,000|
|Kirkland & Ellis||10,000||**10,000**|-|15,000|15,000|
|LLDC|29,807|||**29,807**||||
|London Youth|1,000|||**1,000**||||
|Paget Trust||1,000||**1,000**|||-|
|Paragon Trust||||**-**|||-|
|Paul Watkins||3,879||**3,879**||||
|Peter Cruddus Foundation||||**-**||-|-|
|Rijac Properties|14,983|1,166||**16,149**|1,555|16,239|17,794|
|Sir James Roll Charitable Trust||||**-**||1,000|1,000|
|South Hackney Parochial Charities|11,340|||**11,340**|2,500|-|2,500|
|Speaker Charity||||**-**|4,141|-|4,141|
|Sunny Fund||||**-**||320|320|
|Tesco||||**-**|500|-|500|
|UCL||||**-**|5,386|-|5,386|
|UK Youth||||**-**|9,200|-|9,200|
|Valient||5,000||**5,000**||||
|Vanguard||||**-**|15,000||15,000|
|William Wates|10,000|||**10,000**|10,000||10,000|
|Worshipful Company of Basketmakers||||**-**|1,260|-|1,260|
|Worshipful company of Chartered Secretaries||||**-**|1,000|-|1,000|
|Worshipful Company of Insurers||1,000||**1,000**||||
|Worshipful Company of Tax Advisors||||**-**|1,260|-|1,260|
|Gift aid claimed|||297|**297**||604|604|
|Other donations|11,620|36,746||**48,366**|100|46,060|46,160|
|**Total **|113,566|124,611||**238,177**|125,612|101,866|**227,478**|
## **Details of restricted grants:**
HCVS- my ends. Part of a consortium of organisations working together to increase the opportunities for young people. HQ role is strategic in supporting the other organisations Headley Trust. The support the running costs of our family support programme
Jack Petchey. To give recognition awards to individual young people for their hard work and achievements.
LLDC. Hackney Wick is the area of Hackney around the Olympic site (which is managed by LLDC). The LLDC are working to improve the area for the local young people. London Youth. To provide additional sporting sessions for young people
Rijac Properties. To provide support for our young people through bursaries, activities and overhead costs
South Hackney Parochial Charities. To support the running cost of our adult and youth volunteer programme William Wates. To support and develop our mentoring programme
Page 21
## **Hackney Quest**
**Notes to the Financial Statements For the year ending 31 August 2021**
|**3. Charitable activities**||2021|||2020||
|---|---|---|---|---|---|---|
||Restricted|Unrestricted|**Total**|Restricted|Unrestricted|Total|
||£|£|**£**|£|£|**£**|
|**Government and local authority grants**|||||||
|London Borough of Hackney|108,716|82,500|**191,216**|-|82,500|**82,500**|
|Big Lottery (from Dept of Culture, Media & Sport)|-|34,983|**34,983**||65,877|**65,877**|
|GLA LY Headstart|36,509||**36,509**|14,042||14,042|
|Wick Award (London Borough of Hackney)|30,000|-|**30,000**|-|35,000|**35,000**|
||||||||
|Total from major grants|175,225|117,483|292,708|14,042|183,377|197,419|
## **Details of above grants:**
**LB Hackney (Young People) £82k** - to provide activities/workshops/accreditations for children/young people during daytime, evening and holiday periods
**LB Hackney (Emergency Covid funding) £92k** : to provide support/food for people isolating and in need of assistance during Covid 19 lockdowns and for those sick or still isolating after the lockdown periods
**LB Hackney (Adult & Youth Vols) £17k** :- New Futures HQ is a programme designed by Hackney Quest to introduce young people to different career opportunities and be supported to build the right skills to get there. We do this by partnering with businesses, supporting them to create a range of different opportunities that let young people experience industries first hand, develop their employability skills, learn about career options and benefit from new pathways into work.
**GLA LYHeadstart (Adult & Youth Vols) £36k** - the aim of the project is to support 30+ young people in Hackney, through mentoring, employability, social action and volunteering activities.
**Wick Award £30k.** To deliver of a range of engagement activities through forums and activities to continue the conversations started through the Community Researcher Programme; Develop a structure for engagement, discussion and decision making by young people locally; Through skilled youth workers to support both the young ‘apprentices’ & other young people to develop approaches, make decisions, arrange events and support capacity building to move the programme forward.
**Big Lottery (from DCMS) £35k-** This was the end of 3-yr funding for employing new sessional youth workers, maintaining our Youth Managers position, core costs and to provide open access activities at various sites including Frampton Park Estate.
## **4. Other income**
|Income from rental of office space|- -**-**- 6,000**6,000**|
|---|---|
|Income from hall rentals|- 1,000**1,000**- 1,875**1,875**|
|Bank interest|- 10**10**- 64**64**|
|||
||- 1,010 1,010 - 7,939 7,939|
## **5a. Total resources expended 2020-21**
|Staff costs (note 6)
Staff training & expenses
Activities, awards & grants
Office costs
Accountancy & payroll fees
Volunteers' training and expenses
Premises costs
Depreciation & write-offs
Insurance
Facilitator expenses
Equipment
Bank charges
Allocation of support costs|Raising funds
Charitable activities
Support costs
(incl
governance)
**2021**
costs
costs
**Total**
£
£
£
£
24,409
302,637
15,474
**342,520**
-
-
2,457
**2,457**
-
105,938
-
**105,938**
-
-
12,435
**12,435**
-
-
5,009
**5,009**
-
965
-
**965**
-
-
38,477
**38,477**
-
-
3,575
**3,575**
-
-
2,964
**2,964**
-
2,149
-
**2,149**
-
6,194
-
**6,194**
-
-
526
**526**|
|---|---|
||24,409
417,883
80,917
**523,209**
10,519
70,398
-80,917|
||34,928
488,281
-
**523,209**|
Page 22
## **Hackney Quest**
**Notes to the Financial Statements For the year ending 31 August 2021 5a. Total resources expended 2019-20**
|Staff costs (note 6)
Staff training & expenses
Activities, awards & grants
Office costs
Accountancy & payroll fees
Volunteers' training and expenses
Premises costs
Depreciation & write-offs
Insurance
Facilitator expenses
Equipment
Bank charges
Allocation of support costs
**5b. Analysis of charitable activities 2020-21**
Staff costs
Activities, awards & grants
Volunteers' training and expenses
Facilitator expenses
Equipment
Allocation of support costs
Total costs
Unrestricted costs
Restricted costs
Total costs|Volunteers
Covid 19
Young People
79,587
12,443
75,162
1,463
82,766
18,219
736
-
230
-
504
525
10
1,741
3,975|Raising funds
Charitable activities
Support costs
(incl
governance)
**2020**
**Total**
£
£
£
£
31,390
158,547
60,320
**250,257**
-
-
2,779
**2,779**
-
34,348
-
**34,348**
-
-
12,919
**12,919**
-
-
4,563
**4,563**
-
1,201
-
**1,201**
-
-
41,158
**41,158**
-
-
3,158
**3,158**
-
-
2,726
**2,726**
-
7,066
-
**7,066**
-
4,479
-
**4,479**
-
-
428
**428**|
|---|---|---|
|||31,390
205,641
128,050
**365,081**
16,646
111,404
-128,050|
|||48,036
317,045
-
**365,081**|
|||Wick Award
Family Support
JP Clarke
Total 20-21
67,085
68,359
-
302,637
898
97
2,494
105,938
-
-
-
965
1,120
-
-
2,149
468
-
-
6,194|
||81,796
97,455
98,111
13,862
16,516
16,627|69,571
68,457
2,494
417,883
11,791
11,602
70,398|
||95,658
113,971
114,739|81,362
80,058
2,494
488,281|
||9,801
11,340
96,273
14,583
40,158
0
-
172,154
85,857
102,631
18,466
66,779
39,900
2,494
316,127||
||95,658
113,971
114,739
81,362
80,058
2,494
488,281||
|**5b. Analysis of charitable activities 2019-20**
Staff costs
Activities, awards & grants
Volunteers' training and expenses
Facilitator expenses
Equipment
Allocation of support costs
Total costs
Unrestricted costs
Restricted costs
Total costs|Volunteers
Covid 19
Young People
Wick Award
Family Support
JP Clarke
Total 19-20
31,937
-
74,283
24,894
27,433
-
158,547
2,389
14,822
17,012
-
125
-
34,348
370
-
831
-
-
-
1,201
-
-
5,866
-
1,200
-
7,066
-
1,181
3,297
-
-
-
4,478|
|---|---|
||34,696
16,003
101,289
24,894
28,758
-
205,641
18,878
8,225
55,110
13,544
15,647
111,404|
||53,574
24,228
156,399
38,438
44,405
-
317,045|
||16,421
3,951
138,564
33,809
7,810
-
200,556
37,153
20,277
17,835
4,629
36,595
-
116,489|
||53,574
24,228
156,399
38,438
44,405
-
317,045|
Page 23
## **Hackney Quest**
**Notes to the Financial Statements**
**For the year ending 31 August 2021**
## **6. Net incoming resources**
|**6. Net incoming resources**||
|---|---|
|This is stated after charging:
Depreciation
Trustees' meeting reimbursements
Independent examination fees (£1000) plus preparation of annual accounts fees
Operating lease rentals on property
**6. Staff costs and numbers**
Staff costs, paid through the payroll, were as follows:
Salaries and wages
Tax and NI costs
Pension Costs
No employee earned more than £60,000 during the year.
Total staff numbers employed during the year, and paid through the payroll (including the hourly paid), averaged 21 (14 in 2019/20)
The average monthly number of employees (full-time equivalent) during the year was as follows:
Volunteers
Covid-19
Young People
Wick
Family Support
Support
Raising funds|**2021**
**2020**
**£**
**£**
**3,575**
**3,158**
**-**
**50**
**2,000**
**2,000**
**25,700 25,700**|
||**2021**
2020
**£**
£
**316,287**
230,072
**19,894**
15,214
**6,339**
4,971|
||**342,520**
250,257|
||**2021**
2020
**No.**
No.
1.89
0.91
0.28
0.00
1.82
2.12
2.15
0.71
1.94
0.78
0.39
1.56
0.51
0.65|
||8.98
6.73|
The key management role for the day-to-day management of Hackney Quest was fulfilled by the Director, Colette Allen, who received total employee emoluments of £43,488 (£40,795 in 2019-20) including NI and pension. The trustees were responsible for the strategic direction of the trust and none of these received any renumeration for their services.
As is detailed in the trustees report, volunteers make an invaluable contribution to the work of Hackney Quest in such areas as the Youth Entrepreneur Project, to mentoring, homework club and others. In 2020-21 there were a total of about 96 adult volunteers.
## **7. Taxation**
The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.
## **8. Tangible Fixed Assets**
|**8. Tangible Fixed Assets**||
|---|---|
||**Equipment including IT**|
||**£**|
|COST||
|At 1September 2020|**22,330**|
|Additionsin year|**2,500**|
|Disposals|**(262)**|
|At 31 August2021|**24,568**|
|DEPRECIATION||
|At 1September2020|**15,135**|
|Chargefortheyear|**3,575**|
|Disposals|**(262)**|
|At 31 August 2021|**18,448**|
|NET BOOKVALUE||
|||
|**At 31 August 2021**|**6,120**|
|At 31 August 2020|7,195|
All tangible fixed assets are used to fulfil the charity's objects
Page 24
## **Hackney Quest**
**Notes to the Financial Statements For the year ending 31 August 2021**
|**9. Debtors**
Prepayments
Accrued income
**10. Creditors: amounts falling due within one year**
Taxation &socialsecurity
Accruals
Sundry creditors
**11. Analysis of net assets between funds**
Tangible fixed assets
Net current assets
**Net assets at 31 August**
**12. Movement in funds**
**Restricted funds:**
Activities funds (fixed assets)
Fixed assets purchased from restricted income from Big Lottery
**Total restricted attributed to fixed assets**
**Other restricted income**
JP Clarke Fund
Covid-19
Adult & Youth Volunteering
Young People
Family Support costs including salaries
Wick Project
Parts of restricted grants to cover core costs
**Total restricted funds excluding fixed assets**
**Total restricted funds**
**Unrestricted funds:**
**General funds**
**Total funds**|**2021**
2020
**£**
£
**1,236**924
**8,673**7,083
**9,909 8,007**
**2021**
2020
**£**
£
**7,584**
6,246
**3,290**
2,200
**0**
3,548
**10,874**
**11,995**
2021
2021
2021
2020
2020
2020
Restricted
funds General funds
**Total funds**
Restricted funds
General funds**Total funds**
£
£
**£**
£
£
**£**
2,116
4,004
**6,120**
3,174
4,021
**7,195**
52,338
131,556
**183,894**
78,616
95,517
**174,133**
54,454
135,560
**190,014**
81,790
99,538
**181,328**
**Balance at**
**31st August**
**2020**
Incoming
resources
2021
Outgoing
resources 2021
**Balance at**
**31st August**
**2021**
Balance at 1st
September 2019
Incoming
resources 2020
Outgoing
resources 2020
**£**
£
£
**£**
£
£
£
**3,174**
1,058
**2,116**
4,232
0
1,058|**2021**
2020
**£**
£
**1,236**924
**8,673**7,083
**9,909 8,007**
**2021**
2020
**£**
£
**7,584**
6,246
**3,290**
2,200
**0**
3,548
**10,874**
**11,995**
2021
2021
2021
2020
2020
2020
Restricted
funds General funds
**Total funds**
Restricted funds
General funds**Total funds**
£
£
**£**
£
£
**£**
2,116
4,004
**6,120**
3,174
4,021
**7,195**
52,338
131,556
**183,894**
78,616
95,517
**174,133**|**2021**
2020
**£**
£
**1,236**924
**8,673**7,083|
|---|---|---|---|
||||**9,909 8,007**|
||||**2021**
2020
**£**
£
**7,584**
6,246
**3,290**
2,200
**0**
3,548|
||||**10,874**
**11,995**|
|||54,454
135,560
**190,014**
81,790
99,538
**181,328**||
||**3,174**
0
1,058
**2,116**
4,232
0
1,058
22,904
0
2,494
20,410
12,383
11,205
684
641
105,824
102,631
3,834
0
20,918
20,277
15,662
77,014
83,224
9,452
13,240
39,405
36,983
5,334
9,313
14,792
(145)
0
19,929
14,595
25,258
24,394
34,294
15,358
28,770
31,000
34,512
4,857
61,922
66,779
0
9,486
4,629|||
||74,656
278,467
304,214
48,909
54,393
131,943
111,680
3,960
10,324
10,855
3,429
0
7,711
3,751|||
||78,616
288,791
315,069
52,338
54,393
139,654
115,431|||
||81,790
288,791
316,127
54,454
58,625
139,654
116,489|||
||**99,538**
243,104
207,082
**135,560**
54,948
293,182
248,592|||
||**181,328**
531,895
523,209
**190,014**
113,573
432,836
365,081|||
## **Purpose of restricted funds**
Restricted income funds all refer to restricted gifts given towards various charitiable activities. As canbe seen above some of these funds also cover a proprtion of the core costs as specified in the application documents.
**13. Operating lease commitments**
The charitable company had total future minimum payments under non-cancellable operating leases expiring as follows:
Page 25
## **Hackney Quest**
**Notes to the Financial Statements**
**For the year ending 31 August 2021**
|Expiring in 0-1 years
Expiring in 1-2 years
Expiring in 2-5 years|**2021**
2021
**£**
£
26,580
-
-
27,636
-
-|
|---|---|
The premises at 1 Poole Road are rented by Hackney Quest. The current lease commenced on the 1st of September 2016 and runs for 5 years at an annual rent of £25,700.
On the 10th of July 2017 a lease of £1056 per annum was taken out on a photocopier for 5 years.
## **14. Related parties**
None of the trustees received any renumeration or any other benefits in 2020/21 (2019/20 nil). No meeting expenses were reimbursed to trustees in 2020/21 (£50 in 19/20)
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