Hackney Quest
Report & Financial Statements
For the year ended 31" August 2024
INDEX
Page 2
Legal & Administrative Details
Pages 3-9
Trustees, Report
Page 10
Independent Examinerfs Report
Page 11
Statement of Flnanclal Actlvitles
Page 12
Balance Sheet
Page 13
Cash Flow Statement
Pages 14-20
Notes to the Accounts

Hackney Quest: Trustees Annual Report 2023-24
Reference & Administrative Details
Summary of investment powers
The company has the power lo invest its money that is
not immediately required for ils objects.
Company number
02266475
Charity number
299734
Registered office and operational
address
No 1 Poole Road Hackney, London, E9 7AE
Trustees
Trustees, who are also directors under company law,
who served during the year and up lo the dale of this
report are as follow5..
Charndeep Devgun ICo<hair)
James Beresford (Co-chair)
Leverne Sinclair
Oana Bradulel
Charndeep Devgun
Sophie Hewill
Keeley Williams
Rebecca Oisu
Terence Cronin (Treasurer) resigned 18109124
Lorna Taylor resigned 0310212024
Juliet Farrall resigned 0310212024
Gerardo Lopez De La Parra Joined 2510912024
Sarah Flambard Joined 2510912024
Paul Swannell (Treasurer) Joined 2510912024
Samantha Brown Joined 2510912024
Bankers
National Westminster Bank plc
196 Stoke Newington High Street
Stoke Newinglon
London
N167GA
Independent Examiner
Jacquie Driver Ltd
Church House
1 Prodigal Square
Hackney
E8 1FX
Facebook:
www.facebook.comlhackne
uesl
Twitter..
http5'.Iltwilter.comlhackneyquesl
Insta
ram:
Hackne
Quest
Page 2

Structure governance and management
Hackney Ouest was incorporated by Memorandum and Articles of Association in 1988 and is a company limilecj by
guarantee and not having a share capitsl.
We can confirrn that our Trustees have given due consideration to the Charity Commissions published guidance in the
Public Benefit requ1rement uncjer the Charities Act 2011.
Board of Trustees
We have a minimum of five trustees,. vacancies are advertised to the existing volunteer base and to exlemal agencies.
Polenlial trustees are provided with a detailed jDb description and invited to attend a Board meeting. Candidates.
written applications are consi¢Jered al the next Bo8rd meeting and rnusl have the majority sUPPOrt ol the Board. The
Board is developing a more formal induction and CPD process to include trustee mentoring, and opportunities lo
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 p8rticipalion strongly encouraged.
Trustees are informed of their fundamental legal duties and Iheir broader responsibility lo support the effeclivtr
management of the charily. Information is summarised in a Iruslee handbook. All trusl8es are enhanced DBS checked
which, alongside a recommended framework of safeguarding training and practice, is key to ensuring th81 they are fil
and proper persons to lake responsibility for an organisation that works with young people.
The trustees ensure that major risks, including governance, operational, financial, exlemal and compliance with legal
requirements afe identified and reviewed on a regular basis and that we have adequate systems in place lo miligale
them. The management ensure that polioes and procedures covering Health and Safety, Safèguarding, 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 lo 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, lo ensure they are able lo properly scrulinise the charity's aclivilies. 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 23 years. Finance and fundraising is the responsibility
of Karen Bance. Marisa Linih8n is the Volunteer Manager. Janila 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, Sandr8 Monero. Jean-Guy Sylveslre. Fola David-Joshua and Sophie Jagne are our Senior Youthloutreach
workers, Bella Relph is the Employability and Wellbeing Manager, Lucy Bradley is the AdministratorlHardship Support
Co-ordinator. Our staff have a combined 100 plus years, experien￿ of volunteering Wlth 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
gmphasis on any risks. and on outcomes. Each baneficiary's engagement with programmes is recorded, and their
achievements reported both intemally lo siaff and trustees- and externally to stakeholders in the fomi of stalislical
andlor anonymised returns as appropriate.
Partners, funders and support organlsations
BBC Children in Need, Garfield Weston Foundation. Hackney Parochial Charities, Headley Trust, Henry Smith
Charity, Jack Pelchey Foundation, The John Paul Clarke Family, The London Borough of Hackney, The National
Lottery. Pemberton Barnes Trust, Polen C8pil81. Rijac Properties, SAM Charitsble Trust. The Salters Charitable
Foundation, Skyway Charity, South Hackney Parochial Ch8rilies. Truslhouse Charitable Foundation, Wick Award,
Page 3

Woodroffe Benton Foundation, Young Hackney, and a number of smaller Worshipful Companies and Charitable
Trusts
Plus, the many individuals who give regularfy and the many individuals and teams who fundraise for us at events such
as the Hackney H81f Marathon, as well as corporates who rnalch-fund and staff who give their own time.
Premises
We operate frorn 1 Poole Road, London, E9 7AE
Message from the Co£hair5 of Trustee$
The past year has been one of both challenge and growth for Hackney Quest. As we reflect on 2023-2024, we see the
continued impa¢ls of the wst-of-living crisis, which has impacted the daily lives of the young people and families we
support. Rising fcrf)d and energy prices have put pressure on basic needs, leading to increased financial inse¢urily and
stress for many. In response, Hackney Quest has adapted ils services, providing practical and emotional support for
young people and their community through a range of community-focused programmes.
We have seen the importance of addressing not only immediate hardships bul also syslemic issues such as school
exclusions. Our Positive Youth Engagement Programme has played a critical role in helping young people reinlegrale
into education and providing them with opportunities lo thrive. Through partnerships with local authorities and other
organisalions, we have made strides in empowering young people lo navigate these challenges while developing
resilience and confidence.
Hackney Quest's Talking Quest counselling service has continued lo expand, offering eady mental health intervention
and accessible counselling for young people six days a week. The importance of mental health support cannot be
overstated, and we are proud to have helped 45 young people through this programme.
This year has also seen the strengthening of our volunteer base, with over 100 dedicated individuals supporting our
activities for young people as well as participating in fundraising events. Their efforts have helped make our inilialives,
SLJch as the distribution ol school supplies and daily meals, possible. By participating they foster positive relationships
be￿een young people and their COTHmunity, whi¢h is al the heart of everything we do.
On behalf ol the trustees. we would like to extend our heartfell thanks to Hackney Quest's staff, volunteers.
supporters, and partners. Your dedication continues lo make a lasting impact on the lives of yOLJng people and their
families in Hackney.
Charndeep Devgun and James Beresford, Co£hairs of Trustees
Objectives and activlties
Our Articles ol Association state that Hackney Quest was established lo..
A. Educale children and young people, especially bul not exclusively through their lei5ure-litne activities, so as lo
develop Ihtrir physical, mental and spiritual capacities and skills in order to enable them lo achieve their full polenlial
and to grow lo full malurily as individuals and members of society and thereby make a positive contribution within the
community as a whole.
B. Provide or assist in the provision of facilities, training and other opportunities lor the recreation and other leisure
time occupation and. further, foi education in interpersonal and practical skills, for children and young people who
have a need lor such la¢ililies 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 poli¢& authorities, or other agencies as being in need of support, especially by reason
of their history of delinquency or truancy, and in order that such children and young people may achieve these aims in
the interests of social welfare and wlh the object of impFoving their conditions ol life, regardless of their ethnic origin,
sex, gender, religious affiliation or disability.
Aim5 and Objectives
Page 4

Hackney Quest aims lo give young people, families and members of the community the practical and
emotional support they need to develop and pursue their aspirations and deal positively with life's challenges.
We help build confidence, develop new skills, widen perspectives and opportunities, as well as uncover
existing strengths and capacities.
Volunteers provicse a diversity of positive role models who will help to promote development of yOLJng people,
families and the community and support Ihern on Iheirjourney to fulfill their potential. We conneGt people and
help provide an environment where we ¢an learn from each other through forging supportiv8 relationships that
realise the potential for positive change that lies within us all as individuals, families. and as a community.
We aim lo give young people a voice in Hackney and involve them in the strategic directionlgovernance of
Hackney Quest. We encourage them lo prepa￿ lor the responsibilities. opportunities and expectations of
adulthood and citizenship.
We aim to support and èmpower families and our local community by offering practi¢al and emotional
support lo promote wellbeing and decrease social isolation.
Financial review
Reserves policy
Hackney Quest has on4Joing commitments lo the users of ils setvice and legal responsibility lo the 5t8ff it employs.11
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, unreslrictefl reserves al the end of the financial year stood al
£67k which represents just over 3 months of unrestricted running costs.
This policy will be reviewed by the Trustees and the Fundraising & Finance Manager on an annual basis. or
inlermedialely when any significant changes to the structure of the org3nisation or ils work lake place as a matter of
urse.
Financial results
In 2023-24 Hackney Quest had totsl income of £530k1£510k in 20221231 with a bank balance al the end of August 24
of £118k1£130K in 221231. Total funds ended the year with a balance of £102K12022123 £117kl of which £67k was
unrestricled1£51k in 221231. For delai15 see the statement of financial activities, balance sheet and aGcompanying
notes.
Fundwralslng by actlvity
Youth programmes
Our major lunders of our positive youth engagement programme were the National Lottery, London Borough of
ackney. SAM Charitable Trust (Rijacl, Jack Pelchey Foundation and London Youth. Other donors include Polen,
John Paul Clarke Family and lundraising through Just Giving.
Volunteers, mgntors and 8mployability
Our major lunders included Pemberton Barnes, London Youth. SAM Charitable Tnjst (Rijacl, Henry Smiths Charity
and South Hackney Parochial Charities.
Other ftjnders included Woodroffe Benton Foundation. Salters company, Worshipful Company of Fan Makers,
Shoredilch Design, Sedulo Polen Capital, Sherbourne in the Community.
For all funders we had in place a thorough quantitative and quali181ive data collection and ViewsllYSS reporting
Syslerns, collected feedback on su¢Gesses and challenges and mel with the full requirements of the grants and
contracts
Wlck 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 IVRUI and LLDC.
Family and education support
Page 5

We are very thankful to our main funders of these projects Headley Trust, Truslhouse Charitable Foundation, Wick
Award, South Hackney Parochial Charities Ipartiallyl, The London Borough of Hackney. Vintners, The Sackler Trust
who have continued to support lor many years.
For all funders we had in place a thorough qu8nlitative and qualilalive dats collection and ViewsllYSS reporting
systems, collected feedback on suc￿SseS
Achievements and Perfomiance
Youth Programmes
Our youth programmes continue lo be al the heart of Hackney Quest's work, providing opportunities for young people
lo engage in positive activi11gS that build their confidence. skills, and sense of belonging.
This year, we've engaged over 400 young people through our Positive Youth Engagement Programmo, offering a
Tange of activities from after-school sessions lo weekend clubs and holiday programmes. Highlights include..
Performances and Workshops.. Our young people got creative with music and arts projects. culminating in
performances at events like the Cold Fire Festival. Many shared how amazing il felt to showcase their talents
for the first timel
Residentlals and Day Trips.. We organised several trips. including visits lo cullural sites, sports events, and
residential activities, which helped foster teamwork and personal growth among participants.
In collaboration with Hackney REP, we've also focused ori préventing school exclusions, providing targeted support
for young people facing educational challenges, leading to..
Fewer young people al risk of being excluded from school.
Better attendance and engagement in educational activities.
Talking Quest.- Early Mental Health InteNentlon
Talking Quest has really slepped LJP this year, providing accessible counselling and mental health support six days a
week. This service has been essential in addressing the mental health needs of young people. Here's what we've
achieved..
We've helped 45 young people with their mentsl health, tackling issues like anxiety, depression, and the
stress brought on by the cost-of-living crisis.
Our team has formed partnerships with rnenlal health organisalions to improve our services and referrals.
We've made il easier for young people to access help when they need it, Creating a supportNe environment
where they feel safe lo ￿Ik about their feelings.
Volunteers and Employment M8ntorlng
Our volunteer ne￿rk, with over 100 active members, has been crucial In supporting Hackney Quest's aclivilies.
Volunteers have contributed to our youth engagement programmes, community support initiatives, and more. This
year, we've also expanded our Youth Leadership Programrne, training 22 young leaders who have taken on roles in
our programmes and supported their peers.
Futur¢ Plans and Goals
Looking ahead, Hackney Quest is committed lo..
1. Expanding programme offerings, with a focus on employability, mentsl health awareness, and life skills.
2. Strengthening partnerships, particularly with Gorporale sponsors and education providers.
3. Enhancing support services such as Talking Quest and hardship support.
4. Increasing community engagement lo reach more young people and families.
5. Working towards the London Youth Gold Quality Mark.
6. Pfomoling youth leadership through our prograrnmes.
7. Responding to emerging challenges, including the ongoing impacts of the cosl-ol-living Crisis.
Page 6

Principal risks and uncertainties
Risk Area
Explanation
Mitigation
Diversification of funding source5
Financial largels lo rnainlain reserves
Mainlenance of volunteer rne￿Ork as a delivery
arrn lin case of need lo cul paid youth workersl
regular monitoring of the rolling iwelve months
f0￿CaSt cashflow lo ensure that appropriate
action can be taken lo cut costs if necessary to
maintain the charity as a going concern.
Close communication with the building owners
Hackney J￿nt Estsles lo idenlify eady sign of
Hackney Quest is a charitable organisation reliant
on grants and don81ions. Funds for our core work
can someiimes be concentrated around a number
of key funding Sour￿$.
Funding
Hackney Quest recognises that funding is one ol
ils organisational resilience risks
Hackney Quest operates out of an older building
that we do not own therefore exposed lo risk of
rent Increases or possible loss of acTrss lo the
building as well as large scale repairs
Targeted funding applications that i￿L*je
building mainletEancelcore costs
Regular c0mrnunlcal￿n with young people,
their families and volunte8rs to understand
evolving needs
Group support. Trentoring aThJ indNidual mentsl
h881th support in pla￿ for young people.
Ann￿81 st8ff salary rev*w arKI regular checks
on slaff financial wellbeing wthin Trustee
meetings
Financi81 planning a(fvice offered to staff
2023-24 saw a continued cost of living cri515 Wth,
a150 affeding stsff and volunteers. This may
cause casc8ding effects on the quality of
education. mental healih and home life
experienced by yourKJ people.
Orgallisalional
resi1￿enCe to shocks
e.g. (X)st of living cri5iS
Regularly review staff workloads to ensure that
they are reasonable.
EnsLJre salarie5 8re In line with market
benchtnarks, Iracking inflation.
Increase core-funding to build staff team and
better distribute workload, build resilience
especially for any unplanned st8ft absences
Regulady ￿VIeW staff developrnent and
opportunities for person81 fuKilmenl through
proj8Cts and programmes
Hackney Quest is driven by a srnall group of
highly d8dicaled 5t3ff. We need 10 ensu￿ their
orkload is sustainable and their wellbeing and
ob sati5f8Ction is high.
People
Funding applicath)ns to inclLhYe n8w sys16ms
and Implement8lion
Di9itslisation ol our administration with
approved acce5S.
Data Management
and GDPR
We have different database systems for different
nders and would work more effi¢ienUy if these
ere streamlin8d
Policies for Tnanagement ol operational r15k5
relating lo our work are in place and are
reviewed annually
All 51aff and volunteers are trained in relevant
policies.
Hackney Quest work5 With volunteers. vulnerable
adults and young people facing challenging
Circumstances within the I￿al community.
Health and Safety
Young people. volunteers and staff trainedl
reminded of organis8lional rules and Ethos.
Clear procedures for communicating with key
stakeholders in event of crises. includi
S￿Darl0 planning
Execution of key policies and applicats.on lor
quality mark as a way of ensuring internal
rilne5s of pdicies and as an external marker ol
confidence
Kéy m8ss3ges and guidelines for all staff 8nd
trustees communicating about Hackney Quest
externally, induding soeial media policy and
media policy
Hackney Quest has a positive reputation within
the community and ils partners.. this is to be
aintained and exceeded.
As 3 charity. Hackney Quest depends on ils
reputation with key funders and the communty for
its funding and ils ability to operate effecty'vely
Reputation and
marketing
Page 7

Identificatson of key spokespeople and media
Iraini
Partnerlsupport Organisations
Hackney Quest recognises that ¢0118boralion is essential for delivering impacfful servI￿s. This year, we have
strengthened relationships with key stakeholders, incSuding-.
Statutory Bodies.. Partnering with the London Borough of Hackney has allowed us lo prevent school
exclusions and offer better suprK)rt to young people.
Youth Organisations.. Collaborating with organisations like Hackney REP (committed lo preventing school
exclusions and improving educational experiences for marginalised young people) and Rise Up East IVROI
working in collaboration lo reduce youth violence.
Corporate and Business Partnershlps.. Our partnerships wlh businesses such as Canada Life, OCS, Polen
Capital, and Sedulo have been vital in supporting community inilialives like our community lunches, with OCS
and Polen Capital volur+teering to assist.
We also receive valuable support from the Felix Project, Skyway Charity, Wickers Charity, ELBA, London Borough of
Hackney. HCVS, Diverse Voices, Benevily, Magdalene and EqLJinix
We thank them for their support.
Responsibilities of the Tru$ta8s
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 31so required lo prepare financial sialemenis which give a true and lair view ol the 51ale ol affairs of
the charity and the incoming resources and application of resources, including the nel income or expenditure, ol the
charity lor the year.
In preparing those financial statements the Trustees are required lo..
Select suitable accounting policies and then apply them consislenlly
make judgements and estimates that 3re reasonable and prudent
stste whether applicable accounting standards and statements of recommended praclice have been followed,
subject lo any material departures disclosed and explained in the financial slalemenls; and
prepare the financial stslements on Ihe going concern basis unless il is inappropriate to presLJme that the
charity will continue in operation.
The Trustees are responsible for keeping adequate accounting records which disdose with ￿asOnable accuracy al
any lime the financial position of the charity and which enable them to ensure th8t the financial statements comply
with the Companies Act 2006.
The Trustees are also responsible lor safeguarding the assets ol the charitable company and hence for taking any
reasonable steps for the prevention and del￿tiOn of fraud and other irregularities.
Guarantee5
Member5 of the board of Trustees of the charitable company guarantee to contribute an amount not exceeding £1 10
the assets of the charitable company in the event of winding up. The total number of such guarantees at 31 August
2024 was 8. The Trustees h8ve no beneficial interest in the charitable company.
Jacquie Driver Ltd was the charitable company's independent examiner during the year
Page 8

Approved by the Trustees on
and signed on their behalf by
g/,'125
CO-L ér IRUS r&C-
Page 9

## **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 2024, which comprise the statement of financial activities, balance sheet, related notes and are set out on pages 11 to 20 

## **Respective responsibilities of trustees and examiner** 

The charity’s trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the financial statements. The trustees consider that an audit is not required for this year under section 145 of the Charities Act 2011 (the 2011 Act).  The charity is required by company law to prepare accrual based accounts and the charitable company's gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants of England and Wales 

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to: 

- examine the financial statements under section 145 of the 2011 Act; 

- to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and 

- to state whether particular matters have come to my attention. 

This report, including my statement, has been prepared for and only for the charity’s trustees as a body.  My work has been undertaken so that I might state to the charity’s trustees those matters that I am required to state to them in an independent examiner’s report and for no other purpose.  To the fullest extent permitted by law, I do not accept or assume responsibility to any other than the charity and the charity’s trustees as a body for my examination work, for this report or for the statements that I have made. 

## **Basis of independent examiner’s report** 

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below. 

## **Independent examiner’s statement** 

In connection with my examination, no matter has come to my attention: 

- which gives me reasonable cause to believe that in any material respect the requirements 

   - to keep accounting records in accordance with section 386 of the Companies Act 2006 and section 130 of the 2011 Act ; and 

   - to prepare accounts which accord with the accounting records, comply with the accounting requirements of the Companies Act 2006 and Regulation 8 of the Accounts Regulations and the 2011 Act 

   - have not been met; or 

- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. 


Jacquie Driver FCA,  Jacquie Driver Limited 

Office address: Church house, 1 Prodigal Square, Hackney, E8 1FX Date: 10[th] February 2025 

Page 10 



## **Hackney Quest** 

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

## **For the year ending 31 August 2024** 

|Note<br>**Income and endowments from**<br>Donations & legacies<br>2<br>Income from Charitable activities<br>3<br>Other income<br>4<br>**Total income and endowments**<br>**Expenditure on**<br>Expenditure on Raising funds<br>Expenditure on charitable activities<br>**Total expenditure**<br>5<br>6<br>**Net Movement in Funds**<br>Balances at 1 September c/fwd<br>**Balances at 31 August**<br>11<br>Net income/(expenditure)|Restricted Unrestricted<br>**Total**<br>£<br>£<br>**£**<br>161,405<br>137,814<br>**299,219**<br>127,542<br>94,282<br>**221,824**<br>0<br>8,672<br>**8,672**<br>288,947<br>240,768<br>**529,715**<br>-<br>51,750<br>**51,750**<br>320,063<br>172,756<br>**492,819**<br>320,063<br>224,506<br>**544,569**<br>(31,116)<br>16,262<br>**(14,854)**<br>66,060<br>51,028<br>**117,088**<br>34,944<br>67,290<br>**102,234**<br>**Year to 31st August 2024**|Restricted Unrestricted<br>**Total**<br>£<br>**£**<br>£<br>215,749<br>101,376<br>317,125<br>54,259<br>122,924<br>177,183<br>0<br>16,061<br>16,061<br>**Year to 31st August 2023**|
|---|---|---|
|||270,008<br>240,361<br>510,369<br>0<br>42,409<br>**42,409**<br>251,888<br>232,034<br>**483,921**|
|||251,888<br>274,443<br>526,332|
|||18,120<br>(34,082)<br>**(15,963)**<br>47,940<br>85,110<br>**133,050**|
|||66,060<br>51,028<br>117,088|



Page 11 



Hackney Quest
Balance Sheet
As At 31 Augu512024
3110812024 3110812023
Tan￿b]e fixed assets
1,289
Current assets
Debtors
C-xsli at b￿}k and iii li￿]{1
4,988
117,(rfJ6
121654
5,i63
9,683
155,246
Crediiors- amoutsts falling dile withxn one ve
io
20,920
19,447
Net ciittent assets/liabtly*s
IOL734
115.799
Nei assets / liabilities
102,234
117.088
Funds
Resttict¥d Funas
L nii'biiiclLa Eund4 - ¥¢neral
34,944
67.29)
51.028
Total funds
102,234
117,088
I'cir thc !"L&lf ¢i)dJti% 31 .IiwLSt 11?4 tlie Chaiitablc ccimpan!. ￿x% cnutlcd rn cKemption frnnisiKlit under becrion 4-.-
c>f thc CLbinPaiilL %.Ict ?1111() rLlattrtx tl) %nw]I con1p￿lie%.
Tl)e Tr￿s1¢C% AckI)n￿4eagc the frjllrniing res￿￿4]bIl￿¢s'.
lil The Incmi?L'f% liffi-c nnt reqiiired Ehe cumparti. Iv obl￿￿ aLuJIi of iis accnuni& fc)I the !-e2r Jft
qi*'stton ii) ￿C(￿ra9￿cL iiith *ectiiii1 4-6.
Gill I'lic tr￿￿tL.c% ￿kA￿ll-lL.a.￿c' IhL'if IC%POl1SlbdJrJc% lor ¢i)Inpliiiwuryth tlie rL'4llllL.lT￿tsts i)Ethv.-Ici iillil) respect iu
aCC()I￿[ing iecurd4 And Ihi prcparativti of acci)Ullt
-1l11.se ACC()iUit% Iiai-L. bccn ptLparLd In *cciJnlAnci'with tlie pr(JJry51(xis AppIKablL t() ccimpxnic
sithiect tn tliL' ilTrL311 ci)Lnpanies' rL¥itrL.
--KpproiTd b!- thL.'I rLL4tLLb ()n
nd %1gni.d (In Ihiir bcl)alf b!.
Ih E 6fLfg ru￿ t)
03<rTriiL o¥ InuJ fQ£
Rnle..
Page 12

## **Hackney Quest** 

## **Cash flow statement** 

|**For the year to 31st August 2024**<br>**Net income/(deficit)  for the reporting period (as per statement of financial activities)**<br>**Adjustments for:**<br>Depreciation charges<br>Write off of assets<br>(Increase)/decrease in value of debtors<br>Increase in value of creditors<br>Net cash from operating activities<br>**Cash flows from investing activities**<br>Purchase of fixed assets<br>**Increase/(decrease) in cash in year**<br>**Reconciliation of net debt**<br>Cash and cash equivalents-<br>Current accounts<br>Deposit accounts<br>Borrowings<br>Movements in short term loans<br>Total|**2024**<br>£<br>789<br>0<br>575<br>1,473|**2024**<br>£<br>(14,854)<br>2,837<br>0|**2023**<br>£<br>1,847<br>0<br>6,213<br>6,527|**2023**<br>£<br>(15,963)<br>14,587<br>0|
|---|---|---|---|---|
||||||
|||||(1,375)|
|||129,683<br>(12,017)<br>117,666<br>0<br>0<br>0|||
|||129,683<br>(12,017)<br>117,666|||



Page 13 



**Hackney Quest Notes to the Financial Statements** 

**For the year ending 31 August 2024** 

## **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. 

|||2023-24|||2022-23||
|---|---|---|---|---|---|---|
|**2. Donations & legacies**|||||||
||Restricted|Unrestricted|**Total**|Restricted|Unrestricted|**Total**|
||£|£|**£**|£|£|**£**|
|Abidemi Ikharia|-|-|**-**|5,165|-|**5,165**|
|BBC Children in Need||15,000|**15,000**||||
|Benevity/Equinix|3,000|2,248|**5,248**|16,970|1,710|**18,680**|
|BP|||**-**||1,500|**1,500**|
|Canada Life|||**-**|12,000||**12,000**|
|Charles French CT|||**-**|3,000||**3,000**|
|Compass Wellbeing|||**-**|44,681||**44,681**|
|Garfield Weston||15,000|**15,000**||15,000|**15,000**|
|Hackney Parochial Charities|745|25,000|**25,745**|-|25,000|**25,000**|
|HCVS- my ends/The Wickers|16,069|5,250|**21,319**|29,196|8,525|**37,721**|
|Headley Trust|15,000||**15,000**|45,000|-|**45,000**|
|Henry Smith|17,500||**17,500**||||
|Homerton College|1,000||**1,000**||||
|Jack Petchey|5,599||**5,599**|2,140||**2,140**|
|Kilburn & Strode|||**-**|-|500<br>|**500**|
|Kirkland & Ellis|||**-**||5,000|**5,000**|



Page 14 



|London Youth<br>Paragon Trust<br>Pemberton Barnes<br>Places for People<br>Play 4 Change<br>Polen Capital<br>RC Watts Foundation<br>Rijac Properties/SAM<br>Roedean<br>Salters Company<br>Sedulo<br>Sherbourne in the Community<br>Sir James Roll Charitable Trust<br>South Hackney Parochial Charities<br>Trusthouse<br>UCL<br>Vintners<br>Woodroffe Benton Foundation<br>Worshipful company of Fanmakers<br>Worshipful Company of Innholders<br>Gift aid claimed<br>Other donations<br>**Total **|Restricted<br>Unrestricted<br>**Total**<br>Restricted<br>Unrestricted<br>**Total**<br>£<br>£<br>**£**<br>£<br>£<br>**£**<br>5,500<br>**5,500**3,932<br>**3,932**<br>**-**<br>500**500**<br>25,000**25,000**10,000<br>**10,000**<br>1,000<br>**1,000**<br>1,600<br>**1,600**<br>8,000<br>**8,000**-                5,000**5,000**<br>**-**<br>1,000**1,000**<br>16,519                  800**17,319**7,935<br>**7,935**<br>**-**1,100                      -**1,100**<br>5,000<br>**5,000**5,000<br>**5,000**<br>2,800<br>**2,800**<br>3,000<br>**3,000**<br>**-**<br>1,000**1,000**<br>46020,000**20,460**12,000<br>**12,000**<br>30,000<br>**30,000**<br>**-**3,200<br>**3,200**<br>5,000<br>**5,000**<br>5,000<br>**5,000**5,000<br>**5,000**<br>2,500<br>**2,500**-<br>**-**<br>**-**<br>2,000**2,000**<br>**-**<br>373**373**<br>16,11329,516**45,629**9,43034,268**43,698**<br>2023-24<br>2022-23|
|---|---|
||161,405            137,814**299,219**215,749             101,376**317,125**|



## **Details of restricted grants:** 

Benevity/Equinix. Core costs and to provide support to people struggling financially, this includes advice,community meals, food bank, coffee mornings, vouchers etc BBC Children in Need. for core costs to help ensure our organisation can continue delivering essential support to children and young people who need it most. 

Garfield Weston  for core costs to help ensure our organisation can continue delivering essential support to children and young people who need it most. 

Hackney Parochial Charities  - for core costs to help ensure our organisation can continue delivering essential support to children and young people who need it most. 

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 

Henry Smiths. Used towards the Employability, Wellbeing & Mentoring programme which provids young people aged 14-25 with the space and support to gain skills and opportunities that will help them in their move forward. 

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 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. 

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

Salters Company.   to be used towards the Employability, Wellbeing & Mentoring 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 management and running costs of our adult and youth volunteers 

Trusthouse. To support our families with advice and guidance, supporting through issues in education and community support through our foodbanks and hardship support project. 

Vintners. To support our community as it faces rising expenses that make daily essentials increasingly difficult to afford. This funding allows us to provide vital resources, such as food, hardship support and essentials. 

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. 

Page 15 



|**3. Charitable activities**<br>**Government and local authority grants**<br>Big/National Lottery (from Dept of Culture, Media & Sport)<br>London Councils<br>Wick Award (London Borough of Hackney)<br>Total from major grants<br>London Borough of Hackney|Restricted<br>Unrestricted<br>**Total**<br>Restricted<br>Unrestricted<br>Total<br>£<br>£<br>**£**<br>£<br>£<br>**£**<br>6,396<br>84,185<br>**90,581**19,759<br>83,179 **102,938**<br>77,271              10,097**87,368**-              39,745**39,745**<br>2,875<br>**2,875**-<br>-<br>**-**<br>41,000<br>**41,000**34,500                      -**34,500**<br>2023-24<br>2022-23|
|---|---|
||127,542              94,282              221,824                      54,259             122,924          177,183|



## **Details of above grants:** 

**LB Hackney (Young People) £84k** - to provide activities/workshops/accreditations for children/young people during daytime, evening and holiday periods 

**L B Hackney (small grant of £6k)** to support the local community via our food bank, community meal, coffee mornings and advice sessions 

**The National Lottery - The Million Hours fund to 2** -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. 

**The National Lottery -** We received the Cost of Living to support our community as it faces rising expenses that make daily essentials increasingly difficult to afford. This funding allows us to provide vital resources, such as food, housing assistance, and financial guidance, 

**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 and other young people to develop approaches, make decisions, arrange events and support capacity building to move the programme forward. 

|**4. Other income**<br>Income from hall rentals<br>Income from office rentals<br>Administration of Hackney charities<br>Bank interest|Restricted<br>Unrestricted<br>**Total**<br>Restricted<br>Unrestricted<br>Total<br>£<br>£<br>**£**<br>£<br>£<br>**£**<br>-               6,000<br>**6,000**-                5,050**5,050**<br>**-**<br>7,500**7,500**<br>1,825**1,825**<br>2,961**2,961**<br>-                  847**847**-                  550<br>**550**<br>2023<br>2022|
|---|---|
||-               8,672                  8,672                              -              16,061           16,061|



## **5a. Total resources expended 2023-24** 

|Staff costs (note 6)<br>Staff training & expenses<br>Activities, awards & grants<br>Office costs<br>Accountancy & payroll fees<br>Volunteers' training and expenses<br>Premises costs<br>Depreciation & write-offs<br>Insurance<br>Facilitator expenses<br>Bank charges<br>Allocation of support costs|Raising funds<br>Charitable activities<br>Support costs<br>(incl<br>governance)<br>**2023-24**<br>costs<br>costs<br>**Total**<br>£<br>£<br>£<br>£<br>31,998<br>320,606<br>25,847<br>**378,452**<br>-<br>-<br>1,511<br>**1,511**<br>3,020<br>46,056<br>-<br>**49,076**<br>3,365<br>-<br>16,351<br>**19,716**<br>-<br>-<br>4,949<br>**4,949**<br>-<br>5,284<br>632<br>**5,916**<br>-<br>-<br>47,549<br>**47,549**<br>-<br>-<br>789<br>**789**<br>-<br>-<br>4,670<br>**4,670**<br>-<br>31,407<br>-<br>**31,407**<br>-<br>-<br>535<br>**535**|
|---|---|
||38,382<br>403,353<br>102,833<br>**544,569**<br>13,368<br>89,465<br>-102,833|
||51,750<br>492,819<br>-<br>**544,569**|



Page 16 



## **5a. Total resources expended 2022-23** 

|Staff costs (note 6)<br>Staff training & expenses<br>Activities, awards & grants<br>Office costs<br>Accountancy & payroll fees<br>Volunteers' training and expenses<br>Premises costs<br>Depreciation & write-offs<br>Insurance<br>Facilitator expenses<br>Bank charges<br>Allocation of support costs<br>**5b. Analysis of charitable activities 2023-24**<br>Staff costs<br>Activities, awards & grants<br>Volunteers' training and expenses<br>Facilitator expenses<br>Allocation of support costs<br>Total costs<br>Unrestricted costs<br>Restricted costs<br>Total costs|Employability<br>Young People<br>72,365<br>109,495<br>1,781<br>20,866<br>3,288<br>492<br>23,503<br>434|Raising funds<br>Charitable activities<br>Support costs<br>(incl<br>governance)<br>**2022-23**<br>costs<br>costs<br>**Total**<br>£<br>£<br>£<br>£<br>31,157<br>328,445<br>17,968<br>**377,571**<br>-<br>-<br>164<br>**164**<br>-<br>64,795<br>-<br>**64,795**<br>-<br>-<br>14,597<br>**14,597**<br>-<br>-<br>4,560<br>**4,560**<br>-<br>3,006<br>-<br>**3,006**<br>-<br>-<br>43,047<br>**43,047**<br>-<br>-<br>1,847<br>**1,847**<br>-<br>-<br>3,866<br>**3,866**<br>-<br>12,376<br>-<br>**12,376**<br>-<br>-<br>501<br>**501**|
|---|---|---|
|||31,157<br>408,621<br>86,552<br>**526,330**<br>11,252<br>75,300<br>-86,552|
|||42,409<br>483,921<br>-<br>**526,330**|
|||Wick Award<br>Family Support<br>JP Clarke<br>Total 23-24<br> <br>41,708<br>97,039<br>0<br>320,606<br> <br>13,750<br>7,157<br>2,502<br>46,056<br> <br>0<br>1,505<br>0<br>5,284<br> <br>0<br>6,360<br>1,109<br>31,406|
||100,936<br>131,287<br>22,590<br>29,383|55,458<br>112,061<br>3,611<br>403,352<br>12,412<br>25,080<br>89,465|
||123,526<br>160,669|67,870<br>137,142<br>3,611<br>492,818|
||39,950<br>111,772<br>83,576<br>48,898|11,730<br>9,304<br>0<br>172,756<br>56,140<br>127,838<br>3,611<br>320,063|
||123,526<br>160,669|67,870<br>137,142<br>3,611<br>492,819|



## **5b. Analysis of charitable activities 2022-23** 

|**5b. Analysis of charitable activities 2022-23**||
|---|---|
|Staff costs<br>Activities, awards & grants<br>Volunteers' training and expenses<br>Facilitator expenses<br>Allocation of support costs<br>Total costs<br>Unrestricted costs<br>Restricted costs<br>Total costs|Volunteers<br>Covid 19<br>Young People<br>Wick Award<br>Family Support<br>JP Clarke<br>Total 22-23<br>112,449<br>0<br>108,779<br>52,758<br>54,459<br>0<br>328,445<br>5,370<br>335<br>22,194<br>30,181<br>6,101<br>614<br>64,795<br>1,518<br>0<br>281<br>0<br>1,208<br>0<br>3,006<br>8,829<br>0<br>510<br>575<br>1,708<br>754<br>12,376|
||128,165<br>335<br>131,764<br>83,514<br>63,476<br>1,368<br>408,621<br>23,717<br>17<br>24,383<br>15,454<br>11,729<br>75,300|
||151,882<br>352<br>156,146<br>98,968<br>75,205<br>1,368<br>483,921|
||64,571<br>0<br>-<br>136,622<br>24,882<br>5,958<br>-<br>232,034<br>87,311<br>352<br>19,524<br>74,086<br>69,247<br>1,368<br>251,888|
||151,882<br>352<br>156,146<br>98,968<br>75,205<br>1,368<br>483,921|



## **6. Net incoming resources** 

|This is stated after charging:<br>Depreciation<br>Trustees' meeting reimbursements<br>Independent examination fees (£1100) plus preparation of annual accounts fees<br>Operating lease rentals on property<br>**6. Staff costs and numbers**|**2024**<br>**2023**<br>**£**<br>**£**<br>**789**<br>**1,847**<br>**-**<br>**-**<br>**2,200**<br>**2,200**<br>**30,304           26,362**|
|---|---|
||**2024**<br>2023<br>**£**<br>£|



Page 17 



Staff costs, paid through the payroll, were as follows: 

|Salaries and wages<br>Employers NI (net of employment allowance)<br>Employers Pension Costs<br>No employee earned more than £60,000 during the year.<br>Total staff numbers employed during the year, and paid through the payroll (including the hourly paid), averaged 13.6 (15 in 2022/23)<br>The average monthly number of employees (full-time equivalent) during the year was as follows:<br>Employability<br>Young People<br>Wick<br>Family Support<br>Support<br>Raising funds|**344,151**<br>344,320<br>**26,374**<br>25,391<br>**7,926**<br>7,860|
|---|---|
||**378,452**<br>377,571|
||**2024**<br>2023<br>**No.**<br>No.<br>**1.41**<br>2.39<br>**2.81**<br>2.86<br>**0.82**<br>0.85<br>**1.95**<br>1.15<br>**0.56**<br>0.41<br>**0.56**<br>0.57|
||**8.11**<br>8.23|



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 £47,824 (£48,378 in 2022-23)  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 2023-24 there were a total of about 79 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<br>Opening balance<br>Additionsin year<br>Disposals<br>Closing balance<br>DEPRECIATION<br>Opening balance<br>Chargefortheyear<br>Disposals<br>Closing balance<br>NET BOOKVALUE<br>**Closing balance**<br>Opening balance<br>**9. Debtors**<br>Prepayments<br>Accrued income<br>**10. Creditors: amounts falling due within one year**<br>Taxation &socialsecurity<br>Accruals<br>Funds held on behalf of other charities<br>Sundry creditors<br>All tangible fixed assets areusedtofulfilthecharity'sobjects|**2023/24**<br>**2022/23**<br>**£**<br>**£**<br>**23,292           24,568**<br>**-                   -**<br>**0**<br>**(1,276)**<br>**Equipment including IT**|
||**23,292           23,292**|
||**22,003           21,432**<br>**789             1,847**<br>**0**<br>**(1,276)**|
||**22,792           22,003**|
|||
||**500             1,289**|
||1,289             3,136|
||**2024**<br>2023<br>**£**<br>£<br>**4,988**4,563<br>**-**1,000|
||**4,988             5,563**|
||**2024**<br>2023<br>**£**<br>£<br>**7,564**<br>7,956<br>**2,800**<br>2,260<br>**8,615**<br>7,395<br>**1,941**<br>1,836|
||**20,920**<br>**19,447**|



## **Note re: Funds held on behalf of other charities** 

Grants totalling £23,766 (£35,555 in 22/23) have been received on behalf of Account Hackney and Hackney REP with expenditure on their behalf of £20,722 (£25,199 in 22/23). Apart from admin fees of £1,825 (£2961 in 22/23), 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. There was a balance of funds remaining at 31/8/24 of £8,615 (£7395 at 31/8/23). 

Page 18 



HackneyREP is consortium of 13 volunteer sector organisations who came together to tackle the issue of school exclusions in Hackney.  There is no lead organisation in the consortium, however Hackney Quest, being one of the larger organisations, was in a position to co-apply for funding and be the lead organisation in holding and distributing the funding as per the contract with Clarion and Allen & Overy. Any distribution of funding is agreed by all members of the consortium and in-line with funding guidelines. 

|**11. Analysis of net assets between funds**<br>Tangible fixed assets<br>Net current assets<br>**Net assets at 31 August**<br>**12.  Movement in funds  23-24**<br>**Restricted funds**<br>JP Clarke Fund<br>Employability, wellbeing & mentoring<br>Young People<br>Family Support & hardship<br>Wick Project<br>Parts of restricted grants to cover core costs<br>**Total restricted funds**<br>**Unrestricted funds:**<br>**General funds**<br>**Total funds**<br>**12.  Movement in funds  22-23**<br>**Restricted funds:**<br>Activities funds (fixed assets)<br>Fixed assets purchased from restricted income from Big<br>Lottery<br>**Total restricted attributed to fixed assets**<br>**Other restricted income**<br>JP Clarke Fund<br>Covid-19<br>Adult & Youth Volunteering<br>Young People<br>Family Support costs including salaries<br>Wick Project<br>Parts of restricted grants to cover core costs<br>**Total restricted funds excluding fixed assets**<br>**Total restricted funds**<br>**Unrestricted funds:**<br>**General funds**<br>**Total funds**|2024<br>2024<br>2024<br>2023<br>2023<br>2023<br>Restricted<br>funds  General funds<br>**Total funds**<br>Restricted funds  General funds**Total funds**<br>£<br>£<br>**£**<br>£<br>£<br>**£**<br>0<br>500<br>**500**<br>0<br>1,289<br>**1,289**<br>34,944<br>66,790<br>**101,734**<br>66,060<br>49,739<br>**115,799**|2024<br>2024<br>2024<br>2023<br>2023<br>2023<br>Restricted<br>funds  General funds<br>**Total funds**<br>Restricted funds  General funds**Total funds**<br>£<br>£<br>**£**<br>£<br>£<br>**£**<br>0<br>500<br>**500**<br>0<br>1,289<br>**1,289**<br>34,944<br>66,790<br>**101,734**<br>66,060<br>49,739<br>**115,799**|
|---|---|---|
||34,944<br>67,290<br>**102,234**<br>66,060<br>51,028<br>**117,088**||
|||Balance at 31st<br>August 2023<br>Incoming<br>resources 2023-<br>24<br>Outgoing resources<br>2023-24<br>Transfers 2023-<br>24<br>**Balance at**<br>**31st August**<br>**2024**<br>£<br>£<br>£<br>£<br>**£**<br>16,309<br>0<br>(3,611)<br>**12,698**<br>25,765<br>62,836<br>(76,604)<br>**11,997**<br>5,782<br>36,687<br>(42,469)<br>**0**<br>12,500<br>98,424<br>(102,239)<br>**8,685**<br>0<br>49,115<br>(49,115)<br>**0**|
|||60,356<br>247,061<br>(274,037)<br>0<br>**33,380**<br>5,704<br>41,885<br>(46,025)<br>0<br>**1,564**|
|||66,060<br>288,946<br>(320,062)<br>0<br>34,944|
|||51,028<br>240,768<br>(224,506)<br>0<br>**67,290**|
|||117,088<br>529,715<br>(544,568)<br>0<br>**102,234**|
|||Balance at 31st<br>August 2022<br>Incoming<br>resources 2022-<br>23<br>Outgoing resources<br>2022-23<br>Transfers 2022-<br>23<br>**Balance at**<br>**31st August**<br>**2023**<br>£<br>£<br>£<br>£<br>**£**<br>1,058<br>(1,058)<br>**0**|
|||1,058<br>0<br>(1,058)<br>0<br>**0**<br>17,677<br>0<br>(1,368)<br>**16,309**<br>4,619<br>0<br>(352)<br>(4,267)<br>**0**<br>16,366<br>84,341<br>(74,942)<br>**25,765**<br>0<br>24,094<br>(18,312)<br>**5,782**<br>0<br>73,382<br>(65,149)<br>4,267<br>**12,500**<br>6,720<br>64,366<br>(71,086)<br>**0**|
|||45,382<br>246,183<br>(231,209)<br>0<br>**60,356**<br>1,500<br>23,825<br>(19,621)<br>0<br>**5,704**|
|||46,882<br>270,008<br>(250,830)<br>0<br>**66,060**|
|||47,940<br>270,008<br>(251,888)<br>0<br>**66,060**|
|||85,110<br>240,361<br>(274,443)<br>0<br>**51,028**|
|||133,050<br>510,370<br>(526,331)<br>0<br>**117,088**|



Page 19 



## **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<br>Expiring in 1-2 years<br>Expiring in 2-5 years|**2024**<br>2023<br>**£**<br>£<br>-<br>-<br>-<br>-<br>31,056<br>31,056|
|---|---|



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** 

Sophie Hewitt received £190 towards her out of pocket expenses incurred in her role as a counsellor. None of the other trustees or related parties received any renumeration or any other benefits in 2023/24 (2022/23 nil). Travel expenses of £75 were paid for one trustee to attend trustee meetings (£25 in 22/23) 

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