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2022-08-31-accounts

Hackney Quest

_______

Report & Financial Statements

For the year ended 31[st] August 2022

________

INDEX

Page 2 Legal & Administrative Details

Pages 3-12 Trustees’ Report

Page 13 Independent Examiner’s Report Page 14 Statement of Financial Activities

Page 15 Balance Sheet

Pages 16-22 Notes to the Accounts

Company No. 02266475 Charity No. 299734

1

Hackney Quest: Trustees Annual Report 2021-22

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 02266475 Charity number 299734 Registered office No 1 Poole Road And operational Hackney, London, E9 7AE address 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:

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 Jacquie Driver Ltd Examiner Church House 1 Prodigal Square Hackney E8 1FX Facebook: www.facebook.com/hackney.quest Twitter: https://twitter.com/hackneyquest Instagram: HackneyQuest

2

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 and Wellbeing Manager, Lucy Bradley is the Administrator and Alvin Owusu is the Wick Projects Coordinator. 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

3

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

Hackney Parochial Charities, Kilburn & Strode, Kirkland & Ellis, Skyway Charity, Berkley Trust, The National Lottery Community Fund, Young Hackney, London Borough of Hackney, Rijac Properties, The Headley Trust, Shaftesbury YP, Pemberton Barnes, 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), South Hackney Parochial Charities, UCL - Citizen Social Scientists, 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

This past year has brought another significant challenge to young people and their families: an unexpected and steep increase in the cost of living. Inflation, in particular, significant rises in the cost of food on top of dramatic increases in energy bills, created financial insecurity and anxiety for families with cascading effects for young people. Hackney Quest’s staff, volunteers and the trust in which it is held by the community enable it to play an outsize role in helping mitigate systemic challenges like this, whether through tailored, personalised support for young people and families when they need it most, effective signposting to other partners and support available, and hosting and supporting the community itself through community meals, foodbanks and more.

Of the many excellent programmes and outcomes this year, we would draw attention to two examples of Hackney Quest thinking and acting systemically. Firstly, the growing reach and impact of the NewFutures HQ employability support programme for 16-25 year olds (https://newfutureshq.org.uk). This has provided a range of employability skills and experiences, from interviewing practice and visiting Google, PwC and the LSE, to placements and even job offers. Over the last year we’ve been so impressed by the skillful way in which the Hackney Quest team inspire and mobilize their volunteer network to identify and deliver these powerful, potentially life-changing opportunities for young people. The network effect is growing and with the right marketing and financial support we believe NewFutures HQ can positively impact thousands of young people.

The second example we want to highlight is the growing awareness of the skill with which the Hackney Quest enables young people to participate at all levels of the organisation and its programming. Together with one of our trustees, a new framework shared later in this report clarified the degree to which the Hackney Quest team are embedding youth empowerment and amplification of youth voices as a practice throughout all their work. This has been the case for some time, but sometimes formalising and clarifying how this is done, for other stakeholders, can enable the practice to strengthen further and become a beacon of best practice for other organisations.

Hackney Quest as a community and an organisation is whole-heartedly committed to helping young people in Hackney develop to their full potential, and always sees young people in context: within their families, schools and communities. In a natural way, the whole team act and think systemically.

4

On behalf of our fellow trustees, we’d like to thank all of Hackney Quest’s wonderful staff, supporters, many volunteers and youth workers who continue to contribute so much to support young people in their communities within Hackney.

Leverne Sinclair and James Beresford Co-chairs

Objectives and activities

Our Articles of Association state that Hackney Quest was established to:

Aims and Objectives

Activities undertaken to achieve aims

5

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; including after school sessions, Saturday and holiday youth club activities, personal development workshops, sports and personal development, residential trips in the UK and overseas.

Volunteers, mentoring, employability and wellbeing: 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 skills-based projects.

Wick Award/Youth Voice : a programme co-led by Hackney Quest and Wick Award alongside local young people. Together we 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 organisation.

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 £83k (£132k in 20/21) which represents around 3 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 2021-22 Hackney Quest had income of £444k (£532k in 2020/21) of which £226k was unrestricted (£243k in 20/21). Restricted funds ended the year with a balance of £48k (2020/21 £54k) and the unrestricted funds decreased by £51k over the year to end with a balance of £85k. For details see the statement of financial activities, balance sheet and accompanying notes.

Fund-raising by activity

Youth programmes

6

Our major funders of our positive youth engagement programme was the National Lottery Community Fund, Berkley Foundation. London Brough of Hackney, SAM (Rijac) Trust, Jack Petchey Foundation and London Youth. Other donors include The Gun FC and fundraising through Just Giving.

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

Our major funders included Pemberton Barnes, London Youth Headstart, London Borough of Hackney, William Wates Trust, SAM (Rijac) Trust, and South Hackney Parochial Charities.

Other funders included Telegenic, Worshipful Company of Chartered Secretaries, Loughborough University and Shaftsbury YP.

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 again funded our work amplifying youth voices and advocating for young people's needs in Hackney Wick, along with other major donors including HCVS My-Ends (VRU) and UCL - Citizens Social Scientists. Other donors included Kilburn and Strode, Shift Foundation, Rhiannon Trust and LLDC.

Family and education support

We are very thankful to our main funders of these projects Kirkland & Ellis, Headley Trust, Wick Award, Hackney Parochial Charities (partially) who have continued to support for many years.

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.

COVID-19 response and cost of living crisis

Our major funder in this year was the London Borough of Hackney for our continued collective response to the crisis.

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

Our main fundraising event this year was the Hackney Move 5k and Half Marathon in May 2022. 45 people ran the half marathon whilst 18 young people, staff and volunteers challenged themselves to the 5k. We raised in excess of £14,500.

Youth Programmes

We have run 12 different term-time, weekly youth programmes including dance, music, sport, art, mentoring and employment as well as a Friday evening open access youth night in partnership with Frampton Park Baptist Church.

7

During school holidays we’ve led exciting activities and trips from multi-games in parks, to ice skating, laser tag and days out in London. We took our first-ever group to the Houses of Parliament and planned exciting theatre trips including a girls outing to see “Fantastically Great Women Who Changed the World”. Funded by the SAM (Rijac) Trust, we took 10 young people aged 14 on a 5-day outward bound residential to Wales and led a 2-day creative camping trip for 16 young people aged 11+.

In addition, the John Paul Clarke memorial fund supported 3 really important projects close to our hearts at Hackney Quest; the transitions programme, the bush-craft and creative residential and a bursary programme for young people.

A typical week during term-time includes the following programming:

Mondays – Homework club, Mentoring & Music Production Tuesdays – Primary youth club & 16+ employment/wellbeing and counselling sessions Wednesday – Dance & years 7-9 youth club Thursday – Outrunners & year 10+ youth club Friday – Unite open access youth club at Frampton Park Church

Volunteers, Mentors and Employability

Volunteers: The amazing work of Hackney Quest is only possible with the support of our volunteers. In 2021/22 we continued to maintain and recruit/support and train our volunteers bringing a huge diversity of backgrounds, skills, knowledge, experience and therefore enhancing the offer to young people, families and the community and we currently have 107 active volunteers supporting all of our programmes. Mentors : our mentoring programme continues to go from strength to strength and we continued to provide one to one support, modelling positive behaviour, education on an in-depth level. 2021/22 saw the expansion of our employability mentoring programme, with a team of over 20 professional volunteers supporting young people aged 16+ with employment support and job opportunities.

Employability/wellbeing : In 2021/22 we were able to expand our ‘New Futures HQ’ employability programme for 16-25 year- old young people, connecting young people to employment opportunities through our wonderful team of volunteers and their networks - covering local and national employers. 104 young people have been supported this year through group sessions, mentoring work experience and workplace visits. We have set up 17 corporate partnerships as well as establishing a 16+ network and counselling and wellbeing service.

Wick Award/Youth Voice

Hackney Wick youth voice continues to bring about positive change in Hackney. Key successes for this year have been the delivery of the “On the Rise” awards; the opening of the Eastway sports facility as a direct response to a recommendation from our “Hackney Wick through Young Eyes” report; and working with local young people to produce the “Drivers of Safety and Violence” in Hackney Wick report as part of the Rise Up East My Ends VRU consortium.

In 2020, we re-established our youth voice programme, and during 2021-22 this evolved and expanded into a wide range of participation in Hackney Quest planning and delivery of youth programmes, community projects and the strategy, research and communications carried out by Hackney Quest - as summarized in the framework below. We are excited to see this developing as an area of strength for the charity

8

Family and Education Support

Our long-standing family and education support programme continues to provide essential practical and emotional support to young people, parents and families. This year it has included mentoring, supporting young people facing difficulties in education, teaching strategies for managing complex situations conflict resolution and improving communication skills as well as raising confidence an improving family relationships. At any given time, our team are supporting 30/40 families and young people.

Community Support/Cost of Living Crisis

Our Covid food support programme closed in March, but was soon replaced by a hardship support project. Put in place to respond to the cost of living crisis, the project helps with income maximisation, benefit checking, financial advice, food/fuel vouchers, sign-posting and referrals to our own and other foodbanks and other support.

This support is supplemented by our offer of a weekly community meal and coffee morning, giving our community access to healthy cooked meals and company reducing stress and social isolation.

Principal risks and uncertainties

Risk Area Explanation Mitigation

9

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 recognises that funding is one
of its organisational resilience risks
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)
●
regular monitoring of the rolling twelve
months forecast cashflow to ensure that
appropriate action can be taken to cut costs
if necessary to maintain the charity as a
going concern.
●
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 to shocks
e.g. cost of living
crisis		 2022 brought an unexpected cost of living
crisis which has had multiple impacts on
young people and their families, but also staff
and volunteers with potential unpredicted
knock-on effects on education, mental health
and home life		 ●
Regular communication with young people,
their families and volunteers to understand
evolving needs
●
Group support, mentoring and individual
mental health support in place for young
people.
●
Annual staff salary review and regular
checks on staff financial wellbeing within
Trustee meetings
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.

10

Reputation and
marketing		 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, volunteers 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

Partner/Support Organisations

Our work has only been possible because of the strong partnerships and support we have built with trusts, corporate funders, the local authority, community organisations and other respected charities. These partnerships include: Skyway Charity, Wickers Charity, ELBA, London Borough of Hackney, HCVS, Hackney REP, Rise Up East, National Lottery Community Fund, Kirkland and Ellis, PWC, Hackney Parochial Charity, Berkley Foundation, Garfield Weston, VRU My-Ends (Mayor’s Office), Diverse Voices, Benevity, London Swans Guild of Freeman of City of London, WISE, Worship Co of Basketmakers, Hackney Moves, Lodge of Promise, Sir James Roll CT, Magdalene College, Safer London Foundation, Paragon Trust, Desmond Trust, Paget Trust and Equinix. We thank them for their support.

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:

The Trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to 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 taking any reasonable steps for the prevention and detection of fraud and other irregularities.

11

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 total number of such guarantees at 31 August 2022 was 8. The Trustees have no beneficial interest in the charitable company.

Jacquie Driver Ltd was the charitable company’s independent examiner during the year

Approved by the Trustees on 16/2/23 and signed on their behalf by

12

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 2022, which comprise the statement of financial activities, balance sheet, related notes and are set out on pages 13 to 22

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:

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:

Jacquie Driver FCA, Jacquie Driver Limited

Office address: Church house, 1 Prodigal Square, Hackney, E8 1FX Date: 21[st] February 2023

Page 13

Hackney Quest

Statement of financial activities (incorporating an income and expenditure account)

For the year ending 31 August 2022

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 2021
Balances at 31 August 2022
11
Net income/(expenditure)		 Restricted Unrestricted
Total
£
£
£
120,718
84,327
205,045
97,422
139,510
236,932
0
2,028
2,028
218,140
225,865
444,005
-
37,585
37,585
224,654
238,729
463,383
224,654
276,315
500,968
(6,514)
(50,450)
(56,964)
54,454
135,560
190,014
47,940
85,110
133,050
Year to 31st August 2022		 Restricted Unrestricted
Total
£
£
£
113,566
124,611
238,177
175,225
117,483
292,708
0
1,010
1,010
Year to 31st August 2021
288,791
243,104
531,895
0
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

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 14

Hackney Quest

Balance Sheet

As At 31 August 2022

31/08/2022 31/08/2021
Note £ £ £
Tangible fixed assets 8 3,136 6,120
Current assets
Debtors 9 11,776 9,909
Cash at bank and in hand 131,060 184,859
142,835 194,768
Creditors: amounts falling due within one year 10 12,921 10,874
Net current assets/liabilites 129,914 183,894
Net assets / liabilities 11 133,050 190,014
Funds
Restricted funds 47,940 54,454
Unrestricted funds - general 85,110 135,560
Total funds 12 133,050 190,014

For the year ending 31 August 2022 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The Trustees acknowledge the following responsibilities:

(i) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,

(ii) The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Trustees on __16/2/23__ and signed on their behalf by

Page 15

Hackney Quest

Notes to the Financial Statements

For the year ending 31 August 2022

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 trustees consider that Hackney Quest is a going concern as it has prepared what it considers a viable budget and cashflow for the next twelve months that shows that the current level of unrestricted reserves it is appropriate to support the activities planned for 2023 and for the foreseeable future. Therefore, the accounts are prepared based on 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 16

Hackney Quest

Notes to the Financial Statements

For the year ending 31 August 2022

2. Donations & legacies
Benevity
Charles S French CT
Desmond Trust
Felicity Wilde CT
Founders Pledge
Hackney Parochial Charities
HCVS- my ends
Headley Trust
Jack Petchey
Jules Thorn CT
Kilburn & Strode
Kirkland & Ellis
LLDC
London Swans
London Youth
Loughborough University
Magdalene College
Paget Trust
Paragon Trust
Paul Watkins
Pemberton Barnes
Peter Cruddus Foundation
Rijac Properties
Safer London
Shaftesbury YP
Sir James Roll Charitable Trust
South Hackney Parochial Charities
UCL
Valient
Vanguard
William Wates
Worshipful Company of Basketmakers
Worshipful company of Chartered Secretaries
Worshipful Company of Insurers
Gift aid claimed
Other donations
**Total **		 Restricted
Unrestricted
Total
Restricted
Unrestricted
Total
£
£
£
£
£
£
3,7543,754
4,273
4,273
-
3,000
3,000
2,0002,000
-
2,000
2,000
--
5,000
5,000
640 15,00015,640
15,000
15,000
19,359 5,34324,7021,566
1,566
--30,000
35,000
65,000
3,450
3,4503,250
3,250
-
1,250
1,250
15,000
-
15,000
10,00010,000
10,000
10,000
-29,807
29,807
1,0001,000
3,200
3,2001,000
1,000
1,000
1,000
1,0001,000
1,0001,000
1,000
1,000
1,0001,000
-
- 3,0983,098
3,879
3,879
10,000
10,000
-
-
15,786
15,78614,983
1,166
16,149
1,8001,800
10,000 -10,000
1,0001,000
-
12,000
12,00011,340
11,340
10,776
10,776
-
-
5,000
5,000
-
-
10,000
10,00010,000
10,000
1,0001,000
-
1,000
1,000
-
-
1,000
1,000
-
297
297
8,50737,33245,83911,620
36,746
48,366
2022
2021
120,718 84,327205,045113,566 124,611238,177

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 Jack Petchey. To give recognition awards to individual young people for their hard work and achievements.

Kilburn and Strode £15k – to provide mentoring, particularly through the new Irin Ajo young black men’s mentoring and personal develop programme

London Youth. To provide additional sporting sessions for young people

Loughborough Uni £1k – to provide much needed qualifications to local young people.

Pemberton Barnes £10k – to support and develop our employability programme for young people aged 16-25 and to give them the opportunity to have 1:1 support in thinking through the challenges and barriers they face and finding solutions.

Rijac Properties. To provide support for our young people through bursaries, activities and overhead costs

Page 17

Hackney Quest

Notes to the Financial Statements

For the year ending 31 August 2022

Shaftesbury YP £10k - The aim of the programme is to help young people find their language to express how they are feeling and find new ways of connecting with them about wellbeing and mental health. By providing a trusted and safe place and team, we will help ensure young people aged 14-25 know they are not alone, enabling and encouraging them to feel comfortable talking about their emotions both individually and in groups, while being supported through the signposting process to get any additional support needs met.

South Hackney Parochial Charities. To support the running cost of our adult and youth volunteer programme UCL £10776 – to work on a community research project with local people from Gascoyne Estate and Hackney Wick

William Wates. To support and develop our mentoring programme

3. Charitable activities
Government and local authority grants
Big Lottery (from Dept of Culture, Media & Sport)
GLA LY Headstart
Wick Award (London Borough of Hackney)
Total from major grants
London Borough of Hackney		 Restricted
Unrestricted
Total
Restricted
Unrestricted
Total
£
£
£
£
£
£
42,360
87,960
130,320108,716
82,500
191,216
3,000 51,55054,550- 34,98334,983
11,062-11,06236,509
36,509
41,000 -41,00030,000 -30,000
2022
2021
97,422 139,510 236,932 175,225 117,483 292,708

Details of above grants:

LB Hackney (Young People) £83k - to provide activities/workshops/accreditations for children/young people during daytime, evening and holiday periods

LB Hackney (Emergency Covid funding) £21k : 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) £11k - the aim of the project is to support 30+ young people in Hackney, through mentoring, employability, social action and volunteering activities.

Wick Award £41k. 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) £55k- 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 hall rentals
Bank interest		 Restricted
Unrestricted
Total
Restricted
Unrestricted
Total
£
£
£
£
£
£
- 2,000
2,000- 1,0001,000
- 28
28- 10
10
2022
2021
- 2,028 2,028 - 1,010 1,010

5a. Total resources expended 2021-22

Support costs
(incl
Raising funds Charitable activities governance) 2021-22
costs costs Total
£ £ £ £
Staff costs (note 6) 26,804 321,424 14,640 362,869
Staff training & expenses - - 729 729
Activities, awards & grants - 67,085 - 67,085
Office costs - - 15,420 15,420

Page 18

Hackney Quest

Notes to the Financial Statements For the year ending 31 August 2022

Accountancy & payroll fees Volunteers' training and expenses Premises costs Depreciation & write-offs Insurance Facilitator expenses Equipment Bank charges Allocation of support costs

- - 5,146 5,146
- 1,685 - 1,685
- - 40,069 40,069
- - 2,984 2,984
- - 3,457 3,457
- 1,340 - 1,340
- - 301
 - -301
- - 485 485
26,804 391,233 82,930 500,968
10,781 72,149 -82,930
37,585 463,383 - 500,968

5a. Total resources expended 2020-21

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)
2020-21
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

5b. Analysis of charitable activities 2021-22

5b. Analysis of charitable activities 2021-22
Staff costs
Activities, awards & grants
Volunteers' training and expenses
Facilitator expenses
Equipment
Allocation of support costs
Total costs
Unrestricted costs
Restricted costs
Total costs
5b. Analysis of charitable activities 2020-21
Staff costs
Activities, awards & grants
Volunteers' training and expenses
Facilitator expenses
Equipment		 Volunteers
Covid 19
Young People
Wick Award
Family Support
JP Clarke
Total 21-22
103,187
13,906
108,799
49,846
45,687
0
321,424
2,691
20,278
24,520
19,086
16
494
67,085
1,325
0
360
0
0
0
1,685
0
0
1,340
0
0
0
1,340
0
50
(351)
0
0
0
(301)
107,203
34,234
134,667
68,932
45,703
494
391,233
19,795
6,321
24,866
12,728
8,439
72,149
126,998
40,555
159,533
81,660
54,142
494
463,383
201,325
57,130
181,188
136,401
65,943
3,227
645,214
(74,327)
(16,575)
(21,655)
(54,741)
(11,801)
(2,733)
(181,832)
126,998
40,555
159,533
81,660
54,142
494
463,383
Volunteers
Covid 19
Young People
Wick Award
Family Support
JP Clarke
Total 20-21
79,587
12,443
75,162
67,085
68,359
-
302,637
1,463
82,766
18,219
898
97
2,494
105,938
736
-
230
-
-
-
965
-
504
525
1,120
-
-
2,149
10
1,741
3,975
468
-
-
6,194
81,796
97,455
98,111
69,571
68,457
2,494
417,883

Page 19

Hackney Quest

Notes to the Financial Statements

For the year ending 31 August 2022

Allocation of support costs
Total costs
Unrestricted costs
Restricted costs
Total costs
This is stated after charging:
Depreciation
Trustees' meeting reimbursements
Independent examination fees (£1000) plus preparation of an
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
6. Net incoming resources		 13,862
16,516
16,627
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
85,857
102,631
18,466
66,779
39,900		 0
-
172,154
2,494
316,127
95,658
113,971
114,739
81,362
80,058		 2,494
488,281
nual accounts fees 2022
2021
£
£
2,984
3,575
-
-
2,000
2,000
25,700 25,700
2022
2021
£
£
327,468
316,287
27,717
19,894
7,684
6,339
362,869
342,520

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 15 (21 in 2020/21) 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		 2022
2021
No.
No.
2.28
1.89
0.29
0.28
2.93
1.82
1.27
2.15
0.99
1.94
0.39
0.39
0.52
0.51
8.67
8.98

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 £47,085 (£39,597 in 2020-21) including 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 2021-22 there were a total of about 100 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 24,568
Additionsin year -
Disposals 0
At 31 August2021 24,568

Page 20

Hackney Quest

Notes to the Financial Statements For the year ending 31 August 2022

DEPRECIATION
At 1September2020
Chargefortheyear
Disposals
At 31 August 2021
NET BOOKVALUE
At 31 August 2021
At 31 August 2020
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
All tangible fixed assets areusedtofulfilthecharity'sobjects		 18,448
2,984
0
21,432
3,136
6,120
2022
2021
£
£
1,2581,236
10,5188,673
11,776 9,909
2022
2021
£
£
8,007
7,584
1,781
3,290
3,133
0
12,921
10,874
2022
2022
2022
2021
2021
2021
Restricted
funds General funds
Total funds
Restricted funds General fundsTotal funds
£
£
£
£
£
£
1,058
2,078
3,136
2,116
4,004
6,120
46,882
83,032
129,914
52,338
131,556
183,894
47,940
85,110
133,050
54,454
135,560
190,014
Balance at 31st
August 2021
Incoming
resources
2021-22
Outgoing
resources 2021-
22
Balance at
31st August
2022
Balance at 31st
August 2020
Incoming
resources 2020-
21
Outgoing
resources
2020-21
£
£
£
£
£
£
£
2,116
(1,058)
1,058
3,174
(1,058)		 18,448
2,984
0
21,432
3,136
6,120
2022
2021
£
£
1,2581,236
10,5188,673
11,776 9,909
2022
2021
£
£
8,007
7,584
1,781
3,290
3,133
0
12,921
10,874
2022
2022
2022
2021
2021
2021
Restricted
funds General funds
Total funds
Restricted funds General fundsTotal funds
£
£
£
£
£
£
1,058
2,078
3,136
2,116
4,004
6,120
46,882
83,032
129,914
52,338
131,556
183,894		 18,448
2,984
0
21,432
3,136
6,120
2022
2021
£
£
1,2581,236
10,5188,673		 18,448
2,984
0
21,432
3,136
6,120
11,776 9,909
2022
2021
£
£
8,007
7,584
1,781
3,290
3,133
0
12,921
10,874
47,940
85,110
133,050
54,454
135,560
190,014
2,116
0
(1,058)
1,058
3,174
0
1,058
20,410
0
(2,733)
17,677
22,904
0
(2,494)
3,834
21,030
(20,245)
4,619
641
105,824
(102,631)
9,307
85,320
(78,261)
16,366
15,662
77,014
(83,224)
0
20,597
(20,597)
0
5,334
9,313
(14,792)
15,358
0
(15,358)
0
25,258
24,394
(34,294)
0
71,711
(64,991)
6,720
4,857
61,922
(66,779)
48,909
198,658
(202,185)
45,382
74,656
278,467
(304,214)
3,429
19,482
(21,411)
1,500
3,960
10,324
(10,855)
52,338
218,140
(223,596)
46,882
78,616
288,791
(315,069)
54,454
218,140
(224,654)
47,940
81,790
288,791
(316,127)

Page 21

Hackney Quest

Notes to the Financial Statements

For the year ending 31 August 2022

Unrestricted funds:
General funds
Total funds		 135,560
225,865
276,315
85,110
99,538
243,104
207,082
190,014
444,005
51,661
133,050
181,328
531,895
523,209

Purpose of restricted funds

Restricted income funds all refer to restricted gifts given towards various charitiable activities. As can be 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:

Expiring in 0-1 years
Expiring in 1-2 years
Expiring in 2-5 years		 2022
2021
£
£
26,580
26,580
-
-
1,056
-

The premises at 1 Poole Road are rented by Hackney Quest. The current lease commenced on the 1st of September 2016 and was due to run out on the 31st of August 2021. The lease has continued to run after this date at the same rate and is due to rise to £30k pa from the date of signing the contract, sometime after the end of the reporting period. On the 13th of April 2022 a lease of £1056 per annum was taken out on a photocopier for 5 years.

14. Related parties

None of the trustees or related parties received any renumeration or any other benefits in 2021/22 (2020/21 nil). No meeting expenses were reimbursed to trustees in 2021/22 (nil

Page 22