## **MUSWELL HILL CENTRE** **TRUSTEES ANNUAL REPORT AND FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31[st] March 2025** **Registered Charity No. 303054** Charity No: 303054 ## **Muswell Hill Centre** ## **Contents:** |**Contents:**|| |---|---| ||Page| |Reference and Administrative details|2| |Trustees' Report|3 - 5| |Independent Examiner's Report|6| |Statement of Financial Activities|7| |Balance Sheet|8| |Notes to the Accounts|9| ## **TRUSTEES REPORT TO THE MEMBERS OF THE MUSWELL HILL CENTRE** ## Legal and administrative information |**Trustees**|Valdet Palmer|| |---|---|---| ||Jonathan Bloch|| ||Rupert Townsend|| ||Dr. Robert Hare|| ||Cllr. Cathy Brennan|| ||Helen Lyon|(Resigned 11thJune 2025)| ||Cllr. Eldridge Culverwell|| ||Cllr. Marsha Isilar-Gosling|| ||Vincent Benson|| |**Charity Offices**|Muswell Hill Centre|| ||Hillfield Park|| ||London|| ||N10 3QJ|| |**Email address**|centre@muswellhillcentre.org.uk|| |**Independent Examiner**|Ms. B. Kalloushi ACIE|| ||6 Linden Road|| ||London N10 3DH|| |**Bankers**|National Westminster Bank plc.|| ||Stamford Hill Branch|| ||6 Amhurst Parade|| ||London|| ||N16 5AD|| |**Insurers**|Gallagher Insurance Brokers Ltd|| ||Watson Laurie House|| ||232-236 St Georges Road|| ||Bolton|| ||BL1 2PH|| ## **TRUSTEES’ REPORT TO THE MEMBERS OF THE MUSWELL HILL CENTRE** The Trustees present their report together with the Charity’s financial statements for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out on page 13 and comply with the Charity’s trust deed and applicable law. ## **Trustees** The Trustees named on the cover page have served during the relevant year. The appointment of Trustees is governed by the Trust Deed of the charity. The Board of Trustees is authorised to appoint new Trustees to fill vacancies arising through the resignation or the death of an existing Trustee. ## **Constitution, objects and policies** ## **Objectives** Muswell Hill Centre is a public benefit entity with objects defined by the Charitable Trust as constituted by its Trust Deed, and its objects are to facilitate the provision of activities for local young people and the wider community. In order to do this, the Trust arranges for various activities to be held at the Muswell Hill Centre, overseen by qualified persons or youth workers as appropriate, in furtherance of accomplishing the following obligations: _To provide, maintain, organise and manage a centre for the purpose of helping and educating persons of under 20 years of age residing in the London Borough of Haringey and the neighbourhood thereof, to develop their physical and mental capacities through utilising their leisure-time so that they grow to full maturity as individuals and members of society._ The Management Committee of the Centre is responsible for and committed to delivering its charitable objectives by ensuring that a warm welcome awaits both current users of its facilities as well as potential users whether individually or in groups. All hirers are required to have adequate and appropriate public liability insurance. The scope and type of provision available at the Centre will continue to be developed in the future to meet the needs or aspirations of local young people. ## **Financial Review of the Year** - Whilst income during the year was 23% higher than in 2023 – 24, costs increased by 47% - The full year cost of staging the Youth Club amounted to £9.5K - Due to increased usage of the Centre, the cost of regular cleaning, the purchase of cleaning materials and the disposal of refuse rose by 9% - Total utility costs for the year increased by 30% with water charges rising by £1.3K - The cost for repairs and renewals was £8K higher than in 2023 – 24 - £1.4K was incurred for caretaking services ## **TRUSTEES’ REPORT TO THE MEMBERS OF MUSWELL HILL CENTRE** ## **Activities during the Year** During the period 1[st] April 2024 to 31[st] March 2025, the following activities/developments occurred: ## **The Haringey Hub** - The above, which is funded by the Department for Education and provides ‘early years’ services and support for families living in the West of the Haringey Council catchment area, was launched at the Centre on 21[st] May 2024 which is currently the base for the Hub’s activities and operations. ## **Youth Club** - The Youth Club operated for a full year during 2024 - 25 (40 weeks in total) with an average attendance of 30 young people each week. ## **TRUSTEE APPOINTMENTS** At the Annual General Meeting, held at the Centre on the 21[st] January 2025: - Dr. Bob Hare and Ms. Valdet Palmer were appointed as Joint Chairs of the charity. ## **Thanks** Like most small charities, the Muswell Hill Centre relies on the unstinting effort of its volunteers including, but not limited to, the members of the Management Committee. ## **RESERVES POLICY** In accordance with the MHC standing policy for reserves, the Charity has allocated the sum of £30,000, which is currently part of the General Fund, to meet on-going liabilities in the event of income not being forthcoming as expected or anticipated for an extended period of time. Whilst the amount has not been, nor should be, designated because it is a provision rather than a known or identifiable liability, it is considered prudent for a Charity, such as MHC, which does not enjoy guaranteed income, to recognise that the continued provision of public benefit is an obligation emanating from its charitable status that must always be delivered. ## **TRUSTEES’ REPORT TO THE MEMBERS OF THE MUSWELL HILL CENTRE** ## **Statement of trustees’ responsibilities** Law applicable to charities in England and Wales requires the trustees to prepare financial statement for each financial year, which give a true and fair view of the Charity’s financial activities during the year and of its financial position at the end of the year in question. In preparing those financial statements, the trustees are required to: - (a) select suitable accounting policies and apply them consistently; - (b) make judgements and estimates that are reasonable and prudent; - (c) state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; - (d) prepare the financial statements on a going concern basis unless it is inappropriate to presume that the Charity will continue in operation. The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy, at any time, the financial position of the Charity and enables them to ensure that the financial statements comply with the Charities Act 2011. The Trustees are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ## **Approval** This report was approved by the trustees on 30[th] January 2026 and signed on their behalf by: VPalmer R. Hare **V Palmer R Hare** Trustee Trustee ## **Muswell Hill Centre Charity Number 303054 Independent Examiner’s Report For the year ended 31st March 2025** I report on the financial statements for the year ended 31st March 2025 which are set out on pages 7 to 9. ## **Respective responsibilities of trustees and examiner** The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. I am qualified to undertake the examination by being s qualified member of the Institute of Chartered Accountants in England and Wales. It is my responsibility to: - examine the accounts 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 Act 2011; and - to state whether particular matters have come to my attention. ## **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** The charity's gross income exceeds £250,000 and the charity is therefore required to have an independent examination. In connection with my examination, no material matters have come to my attention which give me cause to believe that in, any material respect: - the accounting records were not kept in accordance with section 130 of the 2011 Act; or - the accounts did not accord with the accounting records; or - the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part if an independent examination. I have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. ## Bridget Kalloushi Bridget Kalloushi ACIE Independent Examiner 6 Linden Road London N10 3DH 26th January 2025 ## **MUSWELL HILL CENTRE** ## **BALANCE SHEET AS AT 31[st] March 2025** Current Assets 2025 2024 Debtors 0 0 Cash at Bank 133,286 117,867 **TOTAL 133,286 117,867** Current Liabilities Creditors and Accruals 0 0 **NET CURRENT ASSETS 133,286 117,867** ACCUMULATED FUNDS Designated Fund 2,878 11,541 Unrestricted fund 130,408 106,326 **TOTAL 133,286 117,867** ## **Approved by the Management Committee** **…………** V.Benson **…………………… V. BENSON** Treasurer Date: 30[th] January 2026 ## **MUSWELL HILL CENTRE** ## **STATEMENT OF FINANCAL ACTIVITIES AS AT 31[st] MARCH 2025** **INCOME Designated Unrestricted 2025 2024** Grants received - - 6,000 5,000 Income from hirers - 71,242 65,242 57,840 Other income - - - - - - - - Income from subscriptions **TOTAL 0 0 71,242 62,840 EXPENDITURE** Support costs - 6,311 6,311 9,581 Water rates - 1,795 1,795 452 Insurance - 815 815 815 Heat, light & power - 14,828 14,828 12,384 Broadband services - 364 364 416 Repairs & renewals - 10,057 10,057 2,097 Licences & affiliations - 273 273 355 Caretaking - 1,414 1,414 400 Cleaning & refuse disposal - 9,338 9,338 8,304 Governance - 875 875 685 Office expenses - 229 229 511 Accountancy fees - 0 0 1,008 Youth Club expenses 8,663 816 9,479 1,362 **TOTAL 8,663 47,116 55,779 38,450** _**NET MOVEMENT IN FUNDS (8,663) 24,185 15,463 24,390**_ ## **MUSWELL HILL CENTRE** ## **Notes to the accounts for the year ending 31[st] March 2025** ## 1. Accounting policies The accounts have been prepared on a cash basis in accordance with SORP 2019 and FRS 102. ## 2. Grants A grant of £6.000 was received for hosting the Haringey Hub throughout the financial year. ## 3. Analysis of Net Assets Vrtually all of the income from MHC’s hiring activities during the year was received via bank transfers whilst payment to suppliers and service providers was made by the same method. Given the low level of income and expenditure, these accounts have been prepared on a cash basis rather than an accrued basis. Net assets at the year-end totalled £133,286 all of which was held in cash at NatWest Bank. ## 4. Designated Funds Balance Incoming Outgoing Balance 31/3/24 31/3/25 Youth Project 8,663 0 8,663 0 Community activities 2,878 - - 2,878 **TOTAL 11,541 0 8,663 2,878** 5. Creditors and accruals 2025 2024 Support costs 0 0 Accountancy/examination 875 875 Hire income 0 0 **TOTAL 875 875**