Hackney Quest Report & Flnancial Statements For the year ended 31A August 2023 INDEX Page 2 Legal & Administrative Details Pages 3-10 Trustees, Report Page 11 Independent Examlner's Report Page 12 Statement of Financial Artivities Page 13 Balance Sheet Page 14 Cash Flow Statement Pages 15-21 Notes to the Accounts
CornpanyNo. 02266475 CharV 299734 Relerence & Admlni$lrative Details Summary of investment powers The company has the power to invest ils money that is not immediately required for its objects. Company number 02266475 Charity number 299734 Registered offlce And operational address No 1 Poole Road Hackney. London. E9 7AE Trustees Trustees, who are also dire¢tors undèr company law, who served during the year and up to the dale of this report are as follows.. Leverne Sinclair (Co-chair) Juliet Farrall Loma Taylor James Beresford (Co-chair) Oana Bradulel Terence Cronin Charndeep Devgun Sophie Hewitt Keeley Williams Reb8ccè Disu Bankers National Weslminsler Bank plc 20 Amhursl Road Hackney London E8 1 JJ Jacquie Driver Ltd Independent Examiner Church House 1 Prodi als uare Hackne E8 1FX
Facebook.. www.f8cebook.comlhackne uest Twitter: https'.lthitter.comlhackngyqLJest Instagram: H8ckneyQuesl Hackne uest.. Trustees Annual Re Ort 2021-22 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 Acl 2011. Board of Trustees We have a minimum of five trustees,. vacancies are advertised lo the existing volunteer base and lo exlemal agencies. Potential trustees are provided with a detailed job description and invited lo attend a Board meeting. Candidates, written appli¢alions 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 lo include trustee mentoring, and DPPOrtunilies to attend pro bono training sessions offered by some of the major London law and accountancy firms, and by third sector umbrella organisalions. are advertised and participation strongly encouraged. Trustees are informed of their fundamental legal duties and their broadei responsibilty 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 lo ensuring that they are fil and proper persons lo take responsibility lor an organisalion that works with young people. The Iruslees ensure that major risks, including governance, operational. financial, extemal and compliance with legal requirements are identified and reviewed on a regular basis and that we have adequate systems in place lo miligale them. The management ensure that policies and procedures covering Health and Safely, Safeguarding, Chilcl 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 Iruslees ensure that Hackney Quest h8s ae$S lo professional legal and financial advice where appropriate. Meetings are held 4 limes per year. Trustees receive a detailed bi-monthly report as well as financial and budgetary repotts, lo ensure they are able to properly scrutinise the charity's aGtivilies. Trustees are also actively encouraged lo engage with staff, volunteers and beneficiaries. Management ènd key Staff Colette Alen is Hackney Quest's CEO and has been in post for 21 years. Finan and lundraising is the responsibility of Karen Bance. Marisa Linihan is the Volunteer Manager. Janita Halsey is the Youth M8nager, Andrew Esiegbe is the Family Support Manager, Luke Billingham Is the Wick Award Youth Voice and Education Support Coordinator, Lekan Awoyemi, Sandra Monero, Jean-Guy Sylveslre, Fola David-Joshua and Sophie Jagne are our Senior Youlhloulreach workers, Bella Relph is the Employability and Wellbeing Manager. Lucy Bradley is the Administrator and Wvin 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 H8ckney Quest 15 planned in detsil 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 lo staff and Iruslees- and externally lo stskeholders in the form of statistical andlor anonymised returns as appropriate. Partners, funders and support oryanisations Hackney Parochial Charities. KilbLJm & Slrode, Kirkland & Ellis, Skyway Charity, Berkley Trust, The National Loitery 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 Charitsble Trust, Child and Adolescent Mental Health SeNices ICAMHSI, The Jack Pelchey Foundation, London Youth, Hackney Counal for Voluntary SeNices IHCVSI, South Hackney Parochial Charities, UCL- Citizen Social Scienlisls, a number of smaller Worshipful Companies and Charitable Trusts Plus, the many individuals who give regularty and the many individuals and teams who fundraise for us at events such as the Hackney Half Marathon, as well as corporates who malch-lund and $18ff who give their own lime. Premises We operate from 1 Poole Road. London, E9 7AE A message from the Co<hairs of Tru$te•$ This past year has brought significant challenge to the young people and their families that Hackney Quest serve5.' continued sleep increases in the cost of living brought about by the rising cost of food and energy bills essential and basic needs of our young people, that can create financial insecurity and anxiety for families and the young people within them. Media coverage has highlighted the legacy Df the Covid pandemic and cuts lo government funding on the educational achievemenl of young people and the impact on their mental health.. Ihese concefns raised by young people and their carers lo peers, Hackney Quest's staff and volunteers who have identified these COnmS are sometimes overlooked or misinlerpreled by the stretched stalulory services that are often unable to provide prevenlalive services. Hackney Quest conlinues to highlight and respond lo these service gaps and more through their knowledge of the local community and Injsl held by its members when they need il most, in the provision of effective youth and family-focussed programmes, partnership and signposting to relevant local organisalions, as well as hosting and supporting the community itself through warm space. community meals, foodbanks and more via our family support and hardship programmes. Over the last year Hackney Quest's consistency and community familiarity has ensured it has developed ils ServIS lo the needs of young people and their families by mobilizing their volunteer neork to identify and deliver powerful, potentially life<hanging opportunities for young people. One of the many excellent programmes and outcomes this year is Hackney Quest's NewFulures HQ employability support programme for 16-25 year olds htt s'.IlnewFuluresh .or -ukl. This has grown in response lo the feedback from ils 116 participants via 708 sessions this year to include the emotional and physical wellbeing of its young adults with counselling, sexual health drop-ins and funded cultural trips, understancjing the importance of a holistic approach to Iheir view of achievement and success. Hackney Quest's impactfvjl and systemic approach lo young people meeting their potential within Ihelr community context extends lo enabling young people to be active citizens. This is m¢xlelled through our youth empowerment and participation,. having our young people involved at all levels of the organisation., and their exercising their voice within the community and further- for example via
Hackney Wick Youth Voice in Local Council meetings lo present recommendations from the Dlfference a MUGA Can Make report. Our offices amd youth spaces have also benefited from a major refurbishment thanks lo volunteers from Ikea and Shelter who created an amazing space for our young people, including a brand-new kitchen, furniture, and greal storage design. We have also relurt)ished our music studio which is very popular with young people. On behalf of our fellow trustees. we'd like to thank all of Hackney Quest's wonderful stsff. supporters. many volunteers and yOLJth workers who continue lo contribute so much to support young people in their communities within Hackney. Leverne Sinclair and James Beresford Co<hairs Oblectlves and actlvltles Our Articles of Association state that Hackney QLJest was established to-. A. Educate children and young people, especially bul not exclusively through their leisure-lime activities, so as lo develop their physical, mental and spiritual capacities and skills in order lo enable them lo achieve their full potential and lo grow lo full maturity as individuals and members ol society and thereby make a positive conlributson within the community as a whole. B. Provide or assist in the provision of facilities, training and other OPPDrtunities for the recreation and other leisure-time occupation and. further, for education in interpersonal and practical skills. for children and young p&ople who have a need lor such facilities by reason of their youth. disablement, poverty or social or economic circumstances and, in particular giving priority lo those who are resident in the London Borough of Hackney and who have come lo the attention of education, health or police authorities, or other agencies as being in need of support, especially by reason of their hislory of delinquency or Iwancy. 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 ¢onditions 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 perspeclives and opportunities, as well as uncover existing strenglhs and capacities. Volunteers provide a diversity of positive role models who will help lo promote development of young people, families and the community and support them on Ihgir journey lo fulfill their polenlial. We connect people and help provide an environment where we can learn from each other through forging supportive relationships Ihat 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 directionlgovernance 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 As a charity ingrained in the local comrnunity, we deliver sustained and long-lasting outcomes for young people 2nd their families via the following programmes and projects..
Young people.. positive youth engagement programmes,. including after school sessions, weekend and holiday youth club activities, personal development workshops, sports and personal development, residential trips in the UK and overseas. Wlck Awardlyouth Voice". a programme ctFled by Hackney Quest and other local charitable partners via the Red Path co-design project supported by Build-up and Spaceblack construction and desigri specialists, MUGAS and Homerton for Homerton Programmes tackling use, design and project management of community spaces. Familyleducation support- we meet parents and carers where they are al and offer 1..1 support, skills training, advice. guidance and signposting, parenting courses and support Ihr04Jgh challenges lo slay in education or move to a suitable allernalive. We work closely with slalulory and other support services. Ernployability and Wellbeing- 1..1 support from staff and specialist volunteers on job search. CV writing, interview skills and employment opportunities and work experien. Daily counselling service which is immediately accessible to any young person seeking counselling. Voluntears & mentorlng: volunteers support young people, families, and the Community and volunteer rnenlors 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. Volunteers are al the centre of everything that we do al 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 al the core of our organisation. Financial review Reserves policy Hackney Quest has on%oing commitments lo the users of its service and legal responsibility to the staff il employs. It is therefore considered prudent that Hackney Quest should aim to have a minimum level of free. unrestricted reserves represenlalive of three months, running Costs. Our free, unreslricled reserves al the end of the financial year stand al £50k which represents around 2 months of running costs. This policy will be reviewed by the Trustees and the Fundraising & Finance Manager on an annual basis, or inlermediately when any significant changes lo the structure of the organisalion or ils work lake place as a maiter of course. Flnancial results In 2022-23 Hackney Quest had income of £510k1£444k in 20211221 with a bank balance al the end of August 23 of £130K (August 2022 was £131 kl. Restricted funds ended the year with a balance of £66K12021122 £48kl. For details see the statement of financial aclivilies, balance sheet and accompanying notes. Fundryralsing by activity Youth programmes Our major funders of our positive yOLrth engagement programme were the National Lottery Reaching Communities, Berkley Foundation. London Borough of Hackney, SAM Charitsbl& Trust IRijacl, Jack Petchey Foundation and London Youth. Other donors include Polen, Abidemi Ikharia and fundraising through Just Giving.
Volunteers, rnenlors and employability Our major funders included Pemberton Bames, London Youth Headstart, London Borough of Hackney, Williams Wates Trust, SAM (Rijacl Trust, and South Hackney Parochial Charities. Other funders included Woodroffe Benton Foundation, Salters company, Compass Wellbeing, Canada Life and Shaftsbury YP. For all funders we had in place a thorough quanlilalive and qualitative data collection and ViewsllYSS 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 amplrfying youth voices and advocating for young people's needs in Hackney Wick, along with other major donors including HCVS My-Ends IVRUI and UCL - Citizens Social Scientists. Other donors included Kilbum and Strode, MUGA. Shift Foundation, Rhiannon Trust and LLDC. Family and education support We are very thankful to our main funders of these projects Tesco, Headley Trust, Wick Award, Hackney Parochial Charities Ipartiallyl who have continued lo support lor many years. For all funders we had in place a thorough quanlilalive antl qualitative data collection and ViewsllYSS reporting systems, collected feèdback on sucSseS and challenges and mel with the full requirements of the grants and contracts. Achièv•m•nts and Performance We continue lo ¢Jevelop and lead with strong local partnerships with other charitsble and slalulory organisab'ons to develop the youth voice and provision of seamless community-based and youlh-led seNices. Our main fundiaising event this year continues to be the Hackney Move Sk and Haw Mardthon completed in May 2023. Youth Programmes We have run lerm-lime. weekly youth programmes including dance, music, SF)Ort, art, mentoring and employment as well as a transition programme for young people starting secondary school. During school holidays we've led exciting activities and trips from mulli4James in parks, to I skab'ng, shuffleboard and days out in London. As well as this our yOLJng people obtained 40 AQA accreditslions. There were also joint residential trips and wmmunity days with Skyway al Hindleap Warren residential centre supported by Jack Petchey Foundation and London Youth. A typical week during lerm-lime includes mentoring, music production, primary and secondary youth club nights & 16+ employmenvwellbeing and counselling sessions. Volunteers, Mentors and Employability Volunteers.. The amazing work of Hackney Quest is only possible with the support of our volunteers. In 2022123 we continued lo maintain and recruivsupport and train our volunteers bringing a huge diversity of backgrounds, skills, knowledge, experien and therefore enhancing the offer lo young people, families and the community and we currently have over 100 active volunteers supporting all of our programmes.
Menlols: our mentoring programme continues to go from strength lo strength and we conlinued to provide one to one support, modelling positwe behaviour. education on an in-depth level. Employability/wellbeing'. As mentioned earlier 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. Our black- led counselling service has expanded to offer counse411ing over 5 evenings each week and on a Saturday. Wick Awardryouth Voice Hackney Wick youth voice programme expanded into a wde range of participation in Hackney Quest's planning and delivery of youth programmes, community projects and the strategy, research and communications bringing about POs11ive change in Hackney. Key successes for this year have been the delivery of the Red Path, MUGA and Homerton for Homerton projeds. Famlly and Educatlon Support Our lonwtanding family and education support programme continue5 to provide essenlial practical and emotional support to young people, parents and their extended families. This year il has included mentoring, supporting young people faang difficulties in education, leaching strategies for managing complex situations conflict resoluliDn and improving communication skills as well as raising confidence, improving family relationships via inlerventy'ons that provided reflective spaces 8nd strategies alongside parents to safeguard their Children, devise strategies to explore 8nd improve both parents and their children's behavior, prevent exclusion from school, resolve sibling rivalry and child custody disputes. Al any given time, our team are supporting 30140 families and young people. Community Supportlcost of Llvlng Cri$1$ Our hardship support project replaced the Covid support programme in March 2023. the project helps with income rnaximisation, benefit checking, financial advice. foodlfuel vouchers, sign-posting and referrals lo our own and other foodbanks and other SL+PPOrt. This was delivered via 250 hours for meals and coffee mornings as well as 114 hours for warTH bank and games aftemoons lo adults. This support is supplemented by our offer of community meals, wami space and coffee mornings, gNing our community acSS to healthy cooked meals and company. reducing stress and social isolation. Principal risks and uncertaintie5 Risk Area Explanation Mltigation Diversification of funding sourees Financial targets to maintsin reserves Maintenance of volunteer network as a delivery arm lin case of nee(1 to paid youth workers) regular monitoring of th8 rolling e1ve moriths lorecasl Cashflow to ensure that appropriate action can be taken to cut Costs if e$sary lo mainta1n the charity as a going concern. Cknse communication with the building owners- Hackney Joint Estsles lo identify eady swJn of risks Targeted lundiro applicatior15 that include building Maintenan1¢0r8 costs Hackney Quest is a charitable org8ni5ation reliant on grants and donations. Funds for our core work csn sometimes be concentr2led around a number ol key funding sources. Funding Hackney Quest recognises that funding is ne of its organi5alional resilitrn risks Hackney Quest operates out of an older building th81 we ¢Jo not own therefore xposed to risk of rnI increases or possible loss of access to the building as 11 as large scale repairs
Regular communication with young people, their families 8nd volunteers understand evolving needs Group support, meriioririg and individual Mental heamh support in place for young people. Annual staff salary rèvi8w and ragular checks on stsff financial wellbeing within Trustee meetings 022-23 brought ars unexpected c05t of living crisis which has had muttiple impacts on young people and their fatnilies to this day. but also staff and volunteers with potential unpredicted knock-on effects on education. mental health and home life Organisational resilien to shocks e.g. cost of INing crisis Regularty review staff workload5 to ensure that they are reasonable. Ensure salaries are in line with market benchmarks Increase core-funding lo build $18ff tearn and beller distribute workjoad Had(ney Quest is driv8n by a small group of dedicated staff. We need to ensure their workload 15 5U5t3inable. Human Resource Funding applications 10 1nclude new systems 1Meent3t10n Digitalisation of our administration with approved acces5. Data Management nd GDPR We have different database system5 for different funders and wouw work more efficiently rf these were streamlined Policies for management of operational risks relating to our work are In place arid are review8d anriuall All staff and volun18ers are train8d in relevant policies. Hackney Quest works with volunteers, vulnerable adults and young people facing challenging CiFcum5tances within the local community. Health and S8f8ty Young people. volunteers and stsff trainedl reminded of organisation81 rules and Ethos. Clear pr(tedures for communlcating with key stakeholders in event of crises, in¢lling SnariO planning Execution ol key policies and pplication for quality mark as a way of ensuring internal fitness ol policies and as an exlernal marker of Jnfiden Key messages and guidelines for all staff and Iruslees communicating about Hackney Quest extemally, including social media policy and media policy Idenlificalion of key 5pok85people and media trairiing H8ckney Quest has a positive reputation ithin the cornmunity and it5 partners.. this Is to be rn8intain8d and exceeded. As a ch8rity, Hackney Quest depends on its reputslion with key funders and the cornmunity for Its funding and its a+)ility to operate effectively Reputalion and mad(8ting Partnerlsupport Organisations Our work has only been possible because of Ihe strong partnerships and support we have built wilh trusts, corporate funders, the local authority, community organisalions and other respected charities. These partnerships include". Skyway Charity, Wickers Charity, EL8A, London Borough ol 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. Benevily, London Swans Guild of Freeman of City of London, WISE, Worship Co of Baskelmakers, Hackney Moves, Lodge of Promise, Sir Jarnes Roll CT, Magdalene College, Safer London Foundation, Paragon Trust, Desmond Trust, Paget Trust, Compass Wellbeing, Canada Life 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 ACpIed Accounting Practice. The Trustees are also required to prepare financial statements which give a true and fair view of the stale of affairs of the charity and the incoming resources and application of resources, Including the nel income or expenditure. of the chaNly lor the year. Irb preparing those financial statements the Trustees are required to.. Select suitable 8¢counling policies and then apply them consistently make judgements and estimates that are reasonable and pwdent slate whether applicable accounting standards and slalemenls of recommended practice have been followed, subject lo any material departure5 disclosed and explained in the financial statements,. and prepare the financial statements on the going ¢on¢ern basis unless il is inappropriate to pSuMe that the charity will continue in operation. The Trustees are responsible for keeping adequate accounting records which disclose wth reasonable accuracy al any lime the financial posiliori 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 ol the charitable company and hen for taking any reasona6 steps for the prevenlioii 8nd detection of fraud and other irregul8rilies. Guarantees Members of the board of Trustees of the charitable company guarantee lo contribute an amount not exceeding £1 to the assets of the charitable company in the event of winding up. The lolal number of SLJch guarantees at 31 August 2023 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 ol 24 and signed on their behalf by io
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 2023, which comprise the statement of financial activities, balance sheet, related notes and are set out on pages 12 to 21
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:
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examine the financial statements under section 145 of the 2011 Act;
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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
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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:
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which gives me reasonable cause to believe that in any material respect the requirements
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to keep accounting records in accordance with section 386 of the Companies Act 2006 and section 130 of the 2011 Act ; and
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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
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have not been met; or
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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: 12[th] February 2024
Page 11
Hackney Quest
Statement of financial activities (incorporating an income and expenditure account)
For the year ending 31 August 2023
| 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 £ £ £ 215,749 101,376 317,125 54,259 122,924 177,183 0 16,061 16,061 270,008 240,361 510,369 - 42,409 42,409 251,888 232,034 483,921 251,888 274,443 526,332 18,120 (34,082) (15,963) 47,940 85,110 133,050 66,060 51,028 117,088 Year to 31st August 2023 |
Restricted Unrestricted Total £ £ £ 120,718 84,327 205,045 97,422 139,510 236,932 0 2,028 2,028 Year to 31st August 2022 |
|---|---|---|
| 218,140 225,865 444,005 0 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 |
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 12
Hackney Quest Balance Sheet As At 31 AUSt 2023 31108/2023 3110812022 Tnble fixed assets L289 3.136 Current assets tkbtc)rs l.nsli at bank ]d in hid IL776 L31,0 142.835 129,683 5.246 Cteditot$'. amoiints falling due within one )'eat 10 19.447 ]2,921 Net ruttent assets/liabiRites 115.799 129,914 Net assets / iiabxlities 117,088 133,030 Funds Re%trJcttd funds L.nrestticted Eld8- %etieral 66,060 5£028 47.940 85.110 Total fund6 117,088 133,OiO For thc l'cxr ending 31 ..Iwtst ?0?_3 tlic charitablc comp3ni cAtiticd to eNernption Frnmaudit urider section4-.- of thc C.nwanJe%.Ict 21HI(? rclarink rij %n¥dl ciJtnpanic$. The TIiLStees icknow4cdge thc foll1Ating re%rL$1bdihCS'. lil Tlic inber5 hoi-c nr>rrcwred Ihc CnryAni' 1¢) nbroin an AlIt of iis acco1$ for rhc l'cxr in qwsuijn in acccJrdancL iwih sc'cttvrt 4.6. (111 I'hc trstL.C% kn4¢dgC ihcir resprJn8JbflJricq Enr crJryl!irywrh rhe rcqiurcrrenis nf rhc..Icruirh rc%pect to accowungrtcords gnd the preparanonof accowjrs These acC()i}rS kair been prep3rLa in #CCL)rtl#nctii rhe prts14SJVrt¥ applicablL Iv cvmp3nJes %ubjeci li) tlie %inx]I c()mpanies' r¢hYme ..Ipprni"tLI b!. rhe I rte¢S on ..QSÉ.F.0jy.. ao2*.......... %nJ Si}ea on their behxlf b!" L.SINC¥AI Page 13
Hackney Quest
Cash flow statement
| For the year to 31st August 2023 Net income/(deficit) for the reporting period (as per statement of financial activities) Adjustments for: Depreciation charges Write off of assets (Increase)/decrease in value of debtors Increase in value of creditors Net cash from operating activities Cash flows from investing activities Purchase of fixed assets Increase/(decrease) in cash in year Reconciliation of net debt Cash and cash equivalents- Current accounts Deposit accounts Borrowings Debt due within one year Total |
2023 £ 1,847 0 6,213 6,527 |
2023 £ (15,963) 14,587 0 |
2022 £ 2,984 0 (1,867) 2,047 |
2022 £ (56,964) 3,164 0 |
|---|---|---|---|---|
| (53,800) | ||||
| 131,060 (1,375) 129,685 0 0 0 |
||||
| 131,060 (1,375) 129,685 |
Page 14
Hackney Quest Notes to the Financial Statements
For the year ending 31 August 2023
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 2023-24 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.
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| 2. Donations & legacies | ||||||
| Restricted | Unrestricted | Total | Restricted | Unrestricted | Total | |
| £ | £ | £ | £ | £ | £ | |
| Abidemi Ikharia | 5,165 | - | 5,165 | |||
| Benevity/Equinix | 16,970 | 1,710 | 18,680 | 3,754 | 3,754 | |
| BP | 1,500 | 1,500 | ||||
| Canada Life | 12,000 | 12,000 | ||||
| Charles French CT | 3,000 | 3,000 | ||||
| Compass Wellbeing | 44,681 | 44,681 | - | |||
| Desmond Trust | - | - | 2,000 | 2,000 | ||
| Felicity Wilde CT | - | - | ||||
| Garfield Weston | 15,000 | 15,000 | - | |||
| Hackney Parochial Charities | - | 25,000 | 25,000 | 640 | 15,000 | 15,640 |
| HCVS- my ends/The Wickers | 29,196 | 8,525 | 37,721 | 19,359 | 5,343 | 24,702 |
| Headley Trust | 45,000 | - | 45,000 | - | - | |
| Jack Petchey | 2,140 | 2,140 | 3,450 | 3,450 | ||
| Jules Thorn CT | - | - | ||||
| Kilburn & Strode | - | 500 |
500 | 15,000 | - | 15,000 |
| Kirkland & Ellis | 5,000 | 5,000 | 10,000 | 10,000 |
Page 15
| LLDC London Swans London Youth Loughborough University Magdalene College Paget Trust Paragon Trust Paul Watkins Pemberton Barnes Polen Capital RC Watts Foundation Rijac Properties Roedean Safer London Salters Company Shaftesbury YP Sir James Roll Charitable Trust South Hackney Parochial Charities UCL William Wates Woodroffe Benton Foundation Worshipful Company of Basketmakers Worshipful company of Chartered Secretaries Worshipful Company of Innholders Gift aid claimed Other donations **Total ** |
- - -- 1,000 1,000 3,932 3,9323,200 3,200 - -1,000 1,000 -- 1,000 1,000 -- 1,000 1,000 500500 1,000 1,000 - --- 3,098 3,098 10,000 10,00010,000 10,000 - 5,0005,000 - 1,0001,000 7,935 7,93515,786 15,786 1,100 -1,100 -- 1,800 1,800 5,000 5,000 - --10,000 - 10,000 1,0001,000 1,000 1,000 12,000 12,00012,000 12,000 3,200 3,20010,776 10,776 - -10,000 10,000 5,000 5,000 -- 1,000 1,000 - -1,000 1,000 2,0002,000 - 373373 300 300 9,43034,26843,6988,507 37,032 45,839 |
|---|---|
| 215,749 101,376317,125120,718 84,327205,345 |
Details of restricted grants:
Abidemi Ikharia. To provide young people with free access/refreshments to cinema trips
Benevity/Equinix. Core costs and to provide support to people struggling financially, this includes advice,community meals, food bank, coffee mornings, vouchers etc
Canada Life. A developmental programme designed to support underrepresented individuals to complete and build their confidence in a range of maths qualifications through mentoring and workshops.
Charles French CT. Used towards the employability programme which provids young people aged 14-25 with the space and support to gain skills and opportunities that will help them in their employability as they move forward.
Compass Wellbeing – to support and develop our young people aged 16-25 and to give them the opportunity to have 1:1 support with trained counsellors allowing them to think through the challenges and finding solutions; 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.
HCVS/The Wickers- 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. To continue to provide to families and individuals, financial, debt, welfare, benefits advice and make referrrals to other services
Jack Petchey. To give recognition awards to individual young people for their hard work and achievements.
London Youth. To provide additional sporting sessions for young people
Pemberton Barnes. 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
Salters Company. to be used towards the employability programme which provids young people aged 14-25 with the space and support to gain skills and opportunities that will help them in their employability as they move forward.
South Hackney Parochial Charities. To support the running cost of our adult and youth volunteer programme
UCL. Used to host interviews and focus groups for participants on UCL's citizen scientist programme related to the production of Citizen Science MOOCs (online course)
Woodruffe Benton. Used towards the employability programme which provids young people aged 14-25 with the space and support to gain skills and opportunities that will help them in their employability as they move forward.
| 3. Charitable activities | 2023 | 2022 | ||||
|---|---|---|---|---|---|---|
| Restricted | Unrestricted | Total | Restricted | Unrestricted | Total | |
| £ | £ | £ | £ | £ | £ | |
| Government and local authority grants | ||||||
| London Borough of Hackney | 19,759 | 83,179 |
102,938 | 42,360 | 87,960 | 130,320 |
| Big Lottery (from Dept of Culture, Media & Sport) | - | 39,745 | 39,745 | 3,000 | 51,550 | 54,550 |
| GLA LY Headstart | - | - | - | 11,062 | - |
11,062 |
Page 16
| Wick Award (London Borough of Hackney) Total from major grants |
34,500 -34,50041,000 -41,000 |
|---|---|
| 54,259 122,924 177,183 97,422 139,510 236,932 |
Details of above grants:
LB Hackney (Young People) £83k - to provide activities/workshops/accreditations for children/young people during daytime, evening and holiday periods
L B Hackney (Young people small grant of £9k) to provide a range of activities for young people transitioning from primary to secondary school
Big Lottery (from DCMS) £40k- 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.
Wick Award £35k - 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 and other young people to develop approaches, make decisions, arrange events and support capacity building to move the programme forward.
| 4. Other income Income from hall rentals Income from office rentals Administration of Hackney charities Bank interest |
Restricted Unrestricted Total Restricted Unrestricted Total £ £ £ £ £ £ - 5,050 5,050- 2,0002,000 7,500 7,500 2,961 2,961 - 550550- 2828 2023 2022 |
|---|---|
| - 16,061 16,061 - 2,028 2,028 |
5a. Total resources expended 2022-23
| 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) 2022-23 costs costs Total £ £ £ £ 31,157 328,445 17,968 377,571 - - 164 164 - 64,795 - 64,795 - - 14,597 14,597 - - 4,560 4,560 - 3,006 - 3,006 - - 43,047 43,047 - - 1,847 1,847 - - 3,866 3,866 - 12,376 - 12,376 - - - 0 - - 501 501 |
|---|---|
| 31,157 408,621 86,552 526,330 11,252 75,300 -86,552 |
|
| 42,409 483,921 - 526,330 |
5a. Total resources expended 2021-22
| 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 |
| Accountancy & payroll fees | - | - | 5,146 | 5,146 |
| Volunteers' training and expenses | - | 1,685 | - | 1,685 |
| Premises costs | - | - | 40,069 | 40,069 |
| Depreciation & write-offs | - | - | 2,984 | 2,984 |
| Insurance | - | - | 3,457 | 3,457 |
| Facilitator expenses | - | 1,340 | - | 1,340 |
Page 17
| Equipment Bank charges Allocation of support costs 5b. Analysis of charitable activities 2022-23 Staff costs Activities, awards & grants Volunteers' training and expenses Facilitator expenses Allocation of support costs Total costs Unrestricted costs Restricted costs Total costs 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 |
Volunteers Covid 19 Young People 112,449 0 108,779 5,370 335 22,194 1,518 0 281 8,829 0 510 |
- 301 - - -301 - - 485 485 |
|---|---|---|
| 26,804 391,233 82,930 500,968 10,781 72,149 -82,930 |
||
| 37,585 463,383 - 500,968 |
||
| Wick Award Family Support JP Clarke Total 22-23 52,758 54,459 0 328,445 30,181 6,101 614 64,795 0 1,208 0 3,006 575 1,708 754 12,376 |
||
| 128,165 335 131,764 23,717 17 24,383 |
83,514 63,476 1,368 408,621 15,454 11,729 75,300 |
|
| 151,882 352 156,146 |
98,968 75,205 1,368 483,921 |
|
| 64,571 0 - 136,622 24,882 5,958 - 232,034 87,311 352 19,524 74,086 69,247 1,368 251,888 |
||
| 151,882 352 156,146 98,968 75,205 1,368 483,921 |
||
| Volunteers Covid 19 Young People Wick Award Family Support JP Clarke Total 21-22 103,187 13,906 108,799 49,846 45,687 - 321,424 2,691 20,278 24,520 19,086 16 494 67,085 1,325 - 360 - - - 1,685 - - 1,340 - - - 1,340 - 50 351 - - - - 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 |
||
| 44,803 16,640 137,879 6,419 35,227 2,239 - 238,729 82,195 23,915 21,655 75,241 18,915 2,733 224,654 |
||
| 126,998 40,555 159,533 81,660 54,142 494 463,383 |
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 Employers NI Employers 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 15 (15 in 2021/22) The average monthly number of employees (full-time equivalent) during the year was as follows: |
2023 2022 £ £ 1,847 2,984 - - 2,000 2,000 26,362 25,700 |
|---|---|
| 2023 2022 £ £ 344,320 327,468 25,391 27,717 7,860 7,684 |
|
| 377,571 362,869 |
|
| 2023 | 2022 | |
|---|---|---|
| No. | No. | |
| Volunteers | 2.39 | 2.28 |
| Covid-19 | 0.00 | 0.29 |
| Young People | 2.86 | 2.93 |
| Wick | 0.85 | 1.27 |
| Family Support | 1.15 | 0.99 |
| Support | 0.41 | 0.39 |
Page 18
Raising funds
0.57 0.52 8.23 8.67
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 (£48,378 in 2021-22) 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 2022-23 there were a total of about 86 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 | |
|---|---|
| COST At 1September 2022 Additionsin year Disposals At 31 August2023 DEPRECIATION At 1September2022 Chargefortheyear Disposals At 31 August 2023 NET BOOKVALUE At 31 August 2023 At 31 August 2022 9. Debtors Prepayments Accrued income 10. Creditors: amounts falling due within one year Taxation &socialsecurity Accruals Funds held on behalf of other charities Sundry creditors Note re: Funds held on behalf of other charities All tangible fixed assets areusedtofulfilthecharity'sobjects |
£ 24,568 - (1,276) 23,292 21,432 1,847 (1,276) 22,003 1,289 3,136 2023 2022 £ £ 4,5631,258 1,00010,518 Equipment including IT |
| 5,563 11,776 | |
| 2023 2022 £ £ 7,956 8,007 2,260 1,781 7,395 0 1,836 3,133 |
|
| 19,447 12,921 |
|
Grants totalling £35,555 have been received on behalf of Account Hackney and Hackney REP with expenditure on their behalf of £25k up to 31/8/23. Apart from admin fees of £2961, this income and expenditure has not been shown in these accounts as Hackney Quest has not had management control of these funds. Hackney Quest has acted on the instructions of these organisations regarding payments as they await bank accounts being set up. There was a balance of funds remaining at 31/8/23 of £7395.
11. Analysis of net assets between funds
| 11. Analysis of net assets between funds Tangible fixed assets Net current assets Net assets at 31 August |
2023 2023 2023 2022 2022 2022 Restricted funds General funds Total funds Restricted funds General fundsTotal funds £ £ £ £ £ £ 0 1,289 1,289 1,058 2,078 3,136 66,060 49,739 115,799 46,882 83,032 129,914 |
|---|---|
| 66,060 51,028 117,088 47,940 85,110 133,050 |
12. Movement in funds 22-23
Page 19
| 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 12. Movement in funds 21-22 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 Purpose of restricted funds |
Balance at 31st August 2022 Incoming resources 2022- 23 Outgoing resources 2022-23 Transfers 2022- 23 Balance at 31st August 2023 £ £ £ £ £ 1,058 (1,058) 0 |
Balance at 31st August 2022 Incoming resources 2022- 23 Outgoing resources 2022-23 Transfers 2022- 23 Balance at 31st August 2023 £ £ £ £ £ 1,058 (1,058) 0 |
|---|---|---|
| 1,058 0 (1,058) 0 0 17,677 0 (1,368) 16,309 4,619 0 (352) (4,267) 0 16,366 84,341 (74,942) 25,765 0 24,094 (18,312) 5,782 0 73,382 (65,149) 4,267 12,500 6,720 64,366 (71,086) 0 |
||
| 45,382 246,183 (231,209) 0 60,356 1,500 23,825 (19,621) 0 5,704 |
||
| 46,882 270,008 (250,830) 0 66,060 |
||
| 47,940 270,008 (251,888) 0 66,060 |
||
| 85,110 240,361 (274,443) 0 51,028 |
||
| 133,050 510,370 (526,331) 0 117,088 |
||
| Balance at 31st August 2021 Incoming resources 2021-22 Outgoing resources 2021- 22 Balance at 31st August 2022 £ £ £ £ 2,116 (1,058) 1,058 |
||
| 2,116 0 (1,058) 1,058 20,410 0 (2,733) 17,677 3,834 21,030 (20,245) 4,619 9,307 85,320 (78,261) 16,366 0 20,597 (20,597) 0 15,358 0 (15,358) 0 0 71,711 (64,991) 6,720 |
||
| 48,909 198,658 (202,185) 45,382 3,429 19,482 (21,411) 1,500 |
||
| 52,338 218,140 (223,596) 46,882 |
||
| 54,454 218,140 (224,654) 47,940 |
||
| 135,560 225,865 (276,315) 85,110 |
||
| 190,014 444,005 (500,968) 133,050 |
||
Page 20
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 |
2023 2022 £ £ 26,580 26,580 - - 31,056 1,056 |
|---|---|
The premises at 1 Poole Road are rented by Hackney Quest. A new lease was signed on the 13th July 2023 to run for 5 years at an annual rent of £30k.
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 2022/23 (2021/22 nil). Travel expenses of one trustee to attend a trustee meeting were the only re-imbursed expenses for trustees in 2022/23 (nil in 21/22).
Page 21