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 Char￿V 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 a￿e$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 $18ff who give their own lime. Premises We operate from 1 Poole Road. London, E9 7AE A message from the Co**Income and endowments from**
Donations & legacies
2
Income from Charitable activities
3
Other income
4
**Total income and endowments**
**Expenditure on**
Expenditure on Raising funds
Expenditure on charitable activities
**Total expenditure**
5
6
**Net Movement in Funds**
Balances at 31 August 2021
**Balances at 31 August 2022**
11
Net income/(expenditure)|Restricted Unrestricted
**Total**
£
£
**£**
215,749
101,376
**317,125**
54,259
122,924
**177,183**
0
16,061
**16,061**
270,008
240,361
**510,369**
-
42,409
**42,409**
251,888
232,034
**483,921**
251,888
274,443
**526,332**
18,120
(34,082)
**(15,963)**
47,940
85,110
**133,050**
66,060
51,028
**117,088**
**Year to 31st August 2023**|Restricted Unrestricted
**Total**
£
**£**
£
120,718
84,327
205,045
97,422
139,510
236,932
0
2,028
2,028
**Year to 31st August 2022**| |---|---|---| |||218,140
225,865
444,005
0
37,585
**37,585**
224,654
238,729
**463,383**| |||224,654
276,315
500,968| |||(6,514)
(50,450)
**(56,964)**
54,454
135,560
**190,014**| |||47,940
85,110
133,050| All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in note 12 to the financial statements. Page 12 Hackney Quest Balance Sheet As At 31 AU￿St 2023 31108/2023 3110812022 T￿n￿ble fixed assets L289 3.136 Current assets tkbtc)rs l.nsli at bank ￿]d in h￿id IL776 L31,0 142.835 129,683 5.246 Cteditot$'. 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 El￿d8- %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 foll1A￿ting re%￿rL$1bdihCS'. lil Tlic ￿￿inber5 hoi-c nr>rrcwred Ihc CnryAni' 1¢) nbroin an A￿lIt of iis acco￿1$ for rhc l'cxr in qwsuijn in acccJrdancL iwih sc'cttvrt 4.6. (111 I'hc tr￿stL.C% ￿kn￿￿4¢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#nct￿ii￿ rhe prts14SJVrt¥ applicablL Iv cvmp3nJes %ubjeci li) tlie %inx]I c()mpanies' r¢hYme ..Ipprni"tLI b!. rhe I r￿te¢S on ..QSÉ￿.F￿￿.0j￿y.. 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
**3,932**3,200
3,200
-
**-**1,000
1,000
-**-**
1,000
1,000
-**-**
1,000
1,000
500**500**
1,000
1,000
- -**-**-
3,098
3,098
10,000
**10,000**10,000
10,000
- 5,000**5,000**
-
1,000**1,000**
7,935
**7,935**15,786
15,786
1,100 -**1,100**
-**-**
1,800
1,800
5,000
**5,000**
- -**-**10,000
-
10,000
1,000**1,000**
1,000
1,000
12,000
**12,000**12,000
12,000
3,200
**3,200**10,776
10,776
-
**-**10,000
10,000
5,000
**5,000**
-**-**
1,000
1,000
-
**-**1,000
1,000
2,000**2,000**
-
373**373**
300
300
9,43034,268**43,698**8,507
37,032
45,839| |---|---| ||215,749 101,376**317,125**120,718 84,327**205,345**| ## **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 -**34,500**41,000 -**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**- 2,000**2,000**
7,500
**7,500**
2,961
**2,961**
- 550**550**- 28**28**
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
**£**
£
**4,563**1,258
**1,000**10,518
**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 funds**Total 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