Wise Thoughts - Charities report

REGISTERED COMPANY NUMBER: 03758786 (England and Wales)

REGISTERED CHARITY NUMBER: 1077616

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

WISE THOUGHTS

(A COMPANY LIMITED BY GUARANTEE)

Page

Report of the Trustees

1

to

6

Independent Examiner's Report

7

Statement of Financial Activities

8

Statement of Financial Position

9

to

10

Notes to the Financial Statements

11

to

21

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

Wise Thoughts is a pioneering arts charity that combines creative use of diverse art forms such as film, visual art performance and delivers targeted services to help address social justice issues and needs of Global Majority and Lesbian,Gay, Bisexual, Transgender, Queer, Intersex + (LGBGTQI+) communities.

Wise Thoughts creates arts projects, develops, delivers training initiatives, and services that help to inform and raise awareness of issues related to cultural identity, ethnicity,physical and mental health, Human Immunodeficiency Virus/Acquired Immune Deficiency Syndrome (HIV/AIDS) and human rights. Each initiative is defined by the nature of each issue, the needs of target communities, available resources and uses diverse art forms, including South Asian arts.

The objectives of the charity are (extracted from the Memorandum and Articles of Association):

1. To promote principally issue-based Arts from marginalised communities for the benefit of the inhabitants of UK and elsewhere.

2. Developing public appreciation of Arts and by improving public access to, and the quality of the arts.

3. Promotion of HIV/AIDS issues through the medium of arts and in particular (but without prejudice to generality of the foregoing) the Company shall seek to bring forth issues related to HIV/AIDS and diverse sexual, cultural and ethnic identities through its creative expressions.

These objectives are achieved by implementing the following policies:

1. To improve standards of practice and appreciation of Arts through the development and delivery of arts projects and arts training that includes arts from marginalised communities.

2. To promote, advance, encourage and assist in the practice, presentation, and study of arts from marginalised communities.

3. To provide peer/social support, information, advice and guidance services for LGBTQI+ people .

4. To promote, advance, encourage and assist in the practice, presentation and study of arts from marginalised communities.

5. To bring forth issues related to HIV/AIDS and diverse sexual, cultural, and ethnic identities through the provision of information, guidance, outreach, and consultation services.

6. To bring together and co-operate the efforts of local authorities, bodies, organisations, societies, and individuals concerned or interested in attainment of all or any of the objects of the Charity.

7. To commission, arrange, prepare, print, publish, issue, and disseminate any programme, pamphlet, book, documents, film, recording or other artistic work and fix, make and receive fees, royalties, and other charges therefore and for admission to and otherwise in respect of any exhibition performance or display.

Significant activities

Significant Activities delivered under Wise Thoughts arts programme included:

1. Creating short reels comprising of images and videos of the places, arts, culture, and landscapes of countries of origin of our artists and communities, as a part of the #HIStories multimedia arts project.

2. Artists talks, performances and readings as a part of the weekly drop-in's and during South Asian Heritage, Black and LGBTQI+ History Months.

3. South Asian dance workshops for young people in Haringey in partnership with Haringey Youth Services

Activities delivered under the Wise Thoughts health and wellbeing programme included:

1. Weekly yoga and dance sessions to support both physical and mental wellbeing of both existing and new service users.

2. #PositiveRainbowHaringey - a peer support and advice service for HIV+ gay, bisexual and Men who have Sex with Men (MSM) and their partners. Advice and 1-2-1 support were offered via a weekly health stall, telephone and online.

3. Consultation - providing advice on inclusion of LGBTQI+/ BAME communities processes for both local and regional authorities.

4. Provided temporary freelance employment opportunities for unemployed people to help develop and deliver new initiatives.

5. Commissioning wellbeing practitioners to facilitate performance arts activities for the #CommunityLegacies programme.

Our annual report offers a comprehensive description of the services and activities offered by Wise Thoughts.

Volunteers

The value of services provided by volunteers is not incorporated in these financial statements. However, payments are made to cover the volunteers' actual expenses which are included in the financial statements.

FINANCIAL REVIEW

Principal funding sources

The future of Wise Thoughts services is dependent on continued support from statutory sources and income from grants and donations, which are essential for the maintenance and expansion of services to meet the increasing demand.

Wise Thoughts provides essential services and develops unique arts and training projects that help to profile/meet the needs of marginalised individuals and is supported in part by Local Authority and The National Lottery Community Fund. Over the reporting year we have been successful in bringing in additional funding, however we are aware that funding may become an issue in future years, and we need to monitor this. Wise Thoughts has to continually look for funding from other organisations, charitable and corporate bodies and individual donors.

In the year under review new funding was received from Community Fund, Haringey Council, other organisations and donors.

Reserves policy and Investment powers

The Board of Trustees is responsible for deciding how to invest the Charity's reserves. The appropriate level of reserves is established through an annual review of the Charity's requirements and stated in the financial report. The Treasurer is responsible for proposing to the Board the balance of cash on deposit and investments, and acts on the Board's instructions.

Going concern

The accounts have been prepared on a going concern basis.

The trustees are aware however of material uncertainties that cast doubt on the charity's ability to continue as a going concern. As with most organisations, these material uncertainties are in relation to the ongoing long term impact of COVID-19 virus and the ongoing Cost-of-Living crisis which has had an impact on the operations, donors, suppliers, trustees and volunteers. The trustees have (where appropriate) utilised the grants and benefits available from the organisations and government and are taking all the steps they can to protect the future of the charity.

Review of transactions, financial performance and funds

As shown in the Statement of Financial Activities (page 9) total income for the year to 31 March 2025 amounted to £54,301 (2024 - £84,308) and expenditure in the furtherance of charitable activities totalled £97,328 (2024 - £99,428). Again, in a very difficult climate for fundraising, even after huge efforts from the management and the high quality of the services, Wise Thoughts was not able to attract sufficient income to cover the running costs which resulted in a Net resources deficit of £-43,027 (2024 - £15,120 Surplus).

The CEO/Artistic director and his team control all costs rigorously. The services are much admired and viewed as important models to emulate, however in these financially challenging times it is extremely difficult to attract necessary funding. The Trustees are addressing the strategic planning essential for the provision of services within the framework of the anticipated funding.

The future of Wise Thoughts services is dependent on continued support from statutory sources and income from grants and donations, which are vital for the maintenance and expansion of services to meet the increasing demand.

Wise Thoughts provides essential services and develops unique arts and training projects that help to profile/meet the needs of marginalised individuals and was supported in part by Local Authority funding. There has been an increase in demand for projects, services and core costs that considerably outweighs the level of funding currently available.

In this very challenging climate, Wise Thoughts is pleased to have support from London Borough of Haringey, The National Lottery Community Fund and individual donors.

Total net assets of the charity as at 31 March 2025 were £42,483 (2024 - £85,850). Income received for the year for specific purposes was spent as necessary and unspent balance is carried forward to be utilised next year.

In providing day to day services, the Trustees are mindful of the charity's duty to comply with section 4 of the Charities Act 2006 to have due regard to public benefit guidance published by the Commission.

FUTURE PLANS

In light of the current economical climate and the impact from COVID-19 on the programme, the organisation continues to review its business plan/operational model to help it ensure sustainability and will make any changes needed. It remains committed to supporting the primary beneficiaries of our activities and services (LGBTQI+/BAME people) and will aim to continue delivery of a programme of key activities and associated services.

The organisation plans to continue working strategically at a Borough level, with the Council and other agencies to help achieve our objectives. The current economic climate and reduction in funding available from both statutory and other sources, has had an impact on all small voluntary organisations and will lead to the re-evaluation of any proposed new services by the organisation.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and Appointment of new trustees

Every person who wishes to be a Member and a trustee as such, shall deliver to the Company an application for membership in such form as the Directors require executed by that person.

At the next meeting of the Directors after the receipt of any application for membership, the application shall be considered by the Directors who shall decide upon the admission or rejection of the applicant.

Organisational structure

Wise Thoughts has a Management Committee of up to seven members who meet regularly and are responsible for strategic direction and policy of the charity. The committee members are from a variety of backgrounds relevant to the work of the charity. The committee is made up of the trustees, two contracted members - CEO/Artistic Director and the Programme Manager.

A scheme of delegation is in place and day to day responsibility for the provision of services rest with the trustees along with the CEO/Artistic Director and the Programme Manager. The trustees are responsible for ensuring that the charity delivers the services specified and that key performance indicators are met. The Artistic Director has responsibility for the day-to-day operational management of the charity, individual supervision of contracted members and ensuring that the team continues to develop their skills and working practices in line with good practice.

Induction and training of new trustees

New trustees receive a comprehensive induction package, with information covering the duties of a trustee, a trustee job description and service agreement, an outline of the vision, mission and implementation of the charity's services, the latest Report and Accounts, current year's budget and latest management accounts.

All trustees are invited to familiarise themselves with the operations of Wise Thoughts by meeting the CEO/Artistic Director and staff at a weekly Team meeting that reviews service delivery and by appointment when appropriate. Trustees are encouraged to make use of the training and conference opportunities provided by the National Council of Voluntary Organisations (NVCO) and other bodies.

PARTNERSHIPS AND CO-OPERATION WITH OTHER CHARITIES AND ORGANISATIONS

Wise Thoughts is committed to working in partnership with organisations that help to benefit the aims and objectives of the organisation and its programme of work, it has collaborated with other statutory and voluntary organisations in the development and presentation of individual projects that have included arts festivals, conferences, and training initiatives within the past year. Staff regularly attend meetings, forums, seminars, and consultative processes co-ordinated by local, regional and national government and other community and voluntary organisations. They serve as independent advisors to the local authority and Metropolitan Police Services on policy development, implementation and other matters related to the primary beneficiaries of the organisation and its programme of work. They serve as community lead on the LGBT+ Community Network initiated by Haringey Council.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

03758786 (England and Wales)

Registered Charity number

1077616

Registered office

3rd Floor, Wood Green Central Library

High Road

Wood Green

London

N22 6XD

Trustees

Ms Bhavini Chavda - Chair

Mr Tim Hoyle - Treasurer

Mr Benjamin Cohen

Dr Trevor John Robert Wood MBE - Secretary (deceased 15.10.24)

Prof Rainer Uwe Willy Schulze

Mr Sakib Khan (resigned 30.6.25)

Company Secretary

Ms Bhavini Chavda - Chair

Independent Examiner

Mr Michael Filiou

Michael Filiou Ltd

Chartered Certified Accountants

www.michaelfiliou.com

Salisbury House

81 High Street

Potters Bar

Hertfordshire

EN6 5AS

Bankers

The Co-operative Bank Plc

Business Direct

P O Box 250

Skelmerdale

WN8 6WT

TRUSTEES' RESPONSIBILITY STATEMENT

The trustees (who are also the directors of Wise Thoughts for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

-	select suitable accounting policies and then apply them consistently;

-	observe the methods and principles in the Charity SORP;

-	make judgements and estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 21 July 2025 and signed on its behalf by:

Ms Bhavini Chavda - Chair - Trustee

Independent examiner's report to the trustees of Wise Thoughts ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1.	accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2.	the accounts do not accord with those records; or

3.	the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4.

the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and 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.

Mr Michael Filiou

Michael Filiou Ltd

Chartered Certified Accountants

www.michaelfiliou.com

Salisbury House

81 High Street

Potters Bar

Hertfordshire

EN6 5AS

21 July 2025

2025

2024

Unrestricted

Restricted

Total

funds

Notes

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2

1,292

50,933

52,225

81,668

Other activities income

3

695

-

695

1,450

Investment income

4

1,381

-

1,381

1,190

Total

3,368

50,933

54,301

84,308

EXPENDITURE ON

Charitable activities

Project costs

-

370

1,810

Charitable activities

1,305

-

1,305

1,207

Rent

-

7,500

Travel and subsistence

-

461

Telephone

865

-

865

787

Insurance

447

-

447

446

Depreciation

462

-

462

527

Professional services

-

35

Subscriptions

82

-

82

223

Accountancy fees

3,480

-

3,480

3,960

Creative Cultural Hub

-

58,066

79,772

Training costs

-

24,751

2,700

Total

6,641

90,687

97,328

99,428

NET INCOME/(EXPENDITURE)

(3,273

)

(39,754

)

(43,027

)

(15,120

)

Transfers between funds

10

(3,000

)

3,000

-

Net movement in funds

(6,273

)

(36,754

)

(43,027

)

(15,120

)

RECONCILIATION OF FUNDS

Total funds brought forward

22,624

63,226

85,850

100,970

TOTAL FUNDS CARRIED FORWARD

16,351

26,472

42,823

85,850

2025

2024

Unrestricted

Restricted

Total

funds

Notes

£

FIXED ASSETS

Tangible assets

8

1,573

2,719

4,292

4,753

CURRENT ASSETS

Cash at bank

18,666

29,276

47,942

86,308

CREDITORS

Amounts falling due within one year

9

(3,888

)

(5,523

)

(9,411

)

(5,211

)

NET CURRENT ASSETS

14,778

23,753

38,531

81,097

TOTAL ASSETS LESS CURRENT

LIABILITIES

16,351

26,472

42,823

85,850

NET ASSETS

16,351

26,472

42,823

85,850

FUNDS

10

Unrestricted funds

16,351

22,624

Restricted funds

26,472

63,226

TOTAL FUNDS

42,823

85,850

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with and delivered in accordance with the special provisions applicable to small charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 21 July 2025 and were signed on its behalf by:

Ms Bhavini Chavda - Chair - Trustee

Mr Tim Hoyle - Treasurer - Trustee

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared on the going concern basis. However, it must be noted that funding to support core costs remains a challenge and any reduction or failure to secure will have an impact on sustaining the charity's programme of work.

The trustees are aware however of material uncertainties that cast doubt on the charity's ability to continue as a going concern. As with most organisations, these material uncertainties are in relation to the ongoing Covid-19 virus outbreak and lockdown which has had an impact on the operations, donors, suppliers, trustees and volunteers. The trustees have (where appropriate) utilised the grants and benefits available from the organisations and government and are taking all the steps they can to protect the future of the charity

The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

•

the requirements of Section 7 Statement of Cash Flows.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

at variable rates on reducing balance

Fixtures and fittings

-

10% on reducing balance

Computer equipment

-

20% on reducing balance

Taxation

As a charity, Wise Thoughts is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the Charity.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2.	DONATIONS AND LEGACIES

2025

2024

£

Voluntary grants income

48,434

76,858

Donations

1,291

1,157

Subsidy towards rent

2,500

3,653

52,225

81,668

3.	OTHER ACTIVITIES INCOME

2025

2024

£

Other fees receivable

695

1,450

4.	INVESTMENT INCOME

2025

2024

£

Deposit account interest

1,381

1,190

5.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2025

2024

£

Depreciation - owned assets

461

527

6.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses comprise of out-of-pocket expenses reimbursed to the trustees.

7.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

funds

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

1,157

80,511

81,668

Other activities income

1,450

-

1,450

Investment income

1,190

-

1,190

Total

3,797

80,511

84,308

EXPENDITURE ON

Charitable activities

Project costs

-

1,810

Charitable activities

1,207

-

1,207

Rent

3,847

3,653

7,500

Travel and subsistence

461

-

461

Telephone

787

-

787

Insurance

446

-

446

Depreciation

527

-

527

Professional services

35

-

35

Subscriptions

223

-

223

Accountancy fees

3,960

-

3,960

Creative Cultural Hub

-

79,772

Training costs

-

2,700

Total

11,493

87,935

99,428

NET INCOME/(EXPENDITURE)

(7,696

)

(7,424

)

(15,120

)

Transfers between funds

6,408

(6,408

)

-

Net movement in funds

(1,288

)

(13,832

)

(15,120

)

RECONCILIATION OF FUNDS

Total funds brought forward

23,912

77,058

100,970

TOTAL FUNDS CARRIED FORWARD

22,624

63,226

85,850

8.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

COST

At 1 April 2024 and 31 March 2025

24,370

3,964

15,087

43,421

DEPRECIATION

At 1 April 2024

20,711

3,583

14,374

38,668

Charge for year

280

38

143

461

At 31 March 2025

20,991

3,621

14,517

39,129

NET BOOK VALUE

At 31 March 2025

3,379

343

570

4,292

At 31 March 2024

3,659

381

713

4,753

All of the charity's tangible fixed assets are used directly for its objectives.

9.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

4,681

1,731

Accruals and deferred income

4,730

3,480

9,411

5,211

10.	MOVEMENT IN FUNDS

Net

Transfers

movement

between

At

At 1.4.24

in funds

funds

31.3.25

£

Unrestricted funds

General fund

3,820

(3,968

)

3,327

3,179

Haringey Council

806

-

806

Arts Council of England

6,146

-

6,146

Donations

4,471

-

4,471

Interest received

106

-

106

Other income

3,250

695

(3,327

)

618

LGBT Consortium - Fees earned

25

-

25

Haringey - VCS Autumn

3,000

-

(3,000

)

-

Charity Trust

1,000

-

1,000

22,624

(3,273

)

(3,000

)

16,351

Restricted funds

Arts Council Managed Funds-Gaywise

LGBT arts festival

32,091

-

32,091

Other donations

1,447

-

1,447

Haringey CCCF Core

6,645

(2,870

)

370

4,145

The National Lottery Community Fund

6,905

(9,633

)

4,612

1,884

Haringey Council

(3,345

)

(2,500

)

1,250

(4,595

)

John Lyon's Foundation

504

-

504

Bridge Renewal Trust

3,699

-

3,699

London Sport Ltd Sportivate

2,830

-

2,830

The London Community Foundation

21,344

-

(20,000

)

1,344

Merkel Insurance

1,183

-

1,183

Neighbourly Ltd

300

-

300

Homes for Haringey

4,050

-

4,050

Creative Cultural Hub

1,571

(24,751

)

24,481

1,301

Emerging with Pride

17,000

-

17,000

Jackson's Lane

970

-

970

Public Voice

14,171

-

(7,713

)

6,458

Arts Council of England - Organisation

Development / ACTivate Our Future

(28,123

)

-

(28,123

)

LGBT Consortium - Emerging With Pride

(19,567

)

-

(19,567

)

Haringey - Winter and Youthwise

(6,000

)

-

(6,000

)

City of London WAVE 3 - WISEfriends

94

-

94

Sports England - Lunchtime Yoga

1,200

-

1,200

City Bridge Trust - COVID-19

4,257

-

4,257

63,226

(39,754

)

3,000

26,472

TOTAL FUNDS

85,850

(43,027

)

-

42,823

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

Unrestricted funds

General fund

2,673

(6,641

)

(3,968

)

Other income

695

-

695

3,368

(6,641

)

(3,273

)

Restricted funds

Haringey CCCF Core

-

(2,870

)

(2,870

)

The National Lottery Community Fund

48,433

(58,066

)

(9,633

)

Haringey Council

2,500

(5,000

)

(2,500

)

Creative Cultural Hub

-

(24,751

)

(24,751

)

50,933

(90,687

)

(39,754

)

TOTAL FUNDS

54,301

(97,328

)

(43,027

)

Comparatives for movement in funds

Net

Transfers

movement

between

At

At 1.4.23

in funds

funds

31.3.24

£

Unrestricted funds

General fund

6,558

(9,146

)

6,408

3,820

Haringey Council

806

-

806

Arts Council of England

6,146

-

6,146

Donations

4,471

-

4,471

Interest received

106

-

106

Other income

1,800

1,450

-

3,250

LGBT Consortium - Fees earned

25

-

25

Haringey - VCS Autumn

3,000

-

3,000

Charity Trust

1,000

-

1,000

23,912

(7,696

)

6,408

22,624

Restricted funds

Arts Council Managed Funds-Gaywise

LGBT arts festival

32,091

-

32,091

Other donations

1,447

-

1,447

Haringey CCCF Core

6,645

(1,460

)

1,460

6,645

The National Lottery Community Fund

17,687

(2,914

)

(7,868

)

6,905

Haringey Council

(3,345

)

-

(3,345

)

John Lyon's Foundation

504

-

504

Bridge Renewal Trust

3,699

-

3,699

London Sport Ltd Sportivate

2,830

-

2,830

The London Community Foundation

21,344

-

21,344

Merkel Insurance

1,183

-

1,183

Neighbourly Ltd

300

-

300

Homes for Haringey

4,050

-

4,050

Creative Cultural Hub

1,571

(2,700

)

2,700

1,571

Emerging with Pride

17,000

-

17,000

Jackson's Lane

970

-

970

Public Voice

17,221

-

(3,050

)

14,171

Arts Council of England - Organisation

Development / ACTivate Our Future

(28,123

)

(350

)

350

(28,123

)

LGBT Consortium - Emerging With Pride

(19,567

)

-

(19,567

)

Haringey - Winter and Youthwise

(6,000

)

-

(6,000

)

City of London WAVE 3 - WISEfriends

94

-

94

Sports England - Lunchtime Yoga

1,200

-

1,200

City Bridge Trust - COVID-19

4,257

-

4,257

77,058

(7,424

)

(6,408

)

63,226

TOTAL FUNDS

100,970

(15,120

)

-

85,850

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

Unrestricted funds

General fund

2,347

(11,493

)

(9,146

)

Other income

1,450

-

1,450

3,797

(11,493

)

(7,696

)

Restricted funds

Haringey CCCF Core

-

(1,460

)

(1,460

)

The National Lottery Community Fund

76,858

(79,772

)

(2,914

)

Haringey Council

3,653

(3,653

)

-

Creative Cultural Hub

-

(2,700

)

(2,700

)

Arts Council of England - Organisation

Development / ACTivate Our Future

-

(350

)

(350

)

80,511

(87,935

)

(7,424

)

TOTAL FUNDS

84,308

(99,428

)

(15,120

)

A current year 12 months and prior year 12 months combined position is as follows:

Net

Transfers

movement

between

At

At 1.4.23

in funds

funds

31.3.25

£

Unrestricted funds

General fund

6,558

(13,114

)

9,735

3,179

Haringey Council

806

-

806

Arts Council of England

6,146

-

6,146

Donations

4,471

-

4,471

Interest received

106

-

106

Other income

1,800

2,145

(3,327

)

618

LGBT Consortium - Fees earned

25

-

25

Haringey - VCS Autumn

3,000

-

(3,000

)

-

Charity Trust

1,000

-

1,000

23,912

(10,969

)

3,408

16,351

Restricted funds

Arts Council Managed Funds-Gaywise

LGBT arts festival

32,091

-

32,091

Other donations

1,447

-

1,447

Haringey CCCF Core

6,645

(4,330

)

1,830

4,145

The National Lottery Community Fund

17,687

(12,547

)

(3,256

)

1,884

Haringey Council

(3,345

)

(2,500

)

1,250

(4,595

)

John Lyon's Foundation

504

-

504

Bridge Renewal Trust

3,699

-

3,699

London Sport Ltd Sportivate

2,830

-

2,830

The London Community Foundation

21,344

-

(20,000

)

1,344

Merkel Insurance

1,183

-

1,183

Neighbourly Ltd

300

-

300

Homes for Haringey

4,050

-

4,050

Creative Cultural Hub

1,571

(27,451

)

27,181

1,301

Emerging with Pride

17,000

-

17,000

Jackson's Lane

970

-

970

Public Voice

17,221

-

(10,763

)

6,458

Arts Council of England - Organisation

Development / ACTivate Our Future

(28,123

)

(350

)

350

(28,123

)

LGBT Consortium - Emerging With Pride

(19,567

)

-

(19,567

)

Haringey - Winter and Youthwise

(6,000

)

-

(6,000

)

City of London WAVE 3 - WISEfriends

94

-

94

Sports England - Lunchtime Yoga

1,200

-

1,200

City Bridge Trust - COVID-19

4,257

-

4,257

77,058

(47,178

)

(3,408

)

26,472

TOTAL FUNDS

100,970

(58,147

)

-

42,823

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

Unrestricted funds

General fund

5,020

(18,134

)

(13,114

)

Other income

2,145

-

2,145

7,165

(18,134

)

(10,969

)

Restricted funds

Haringey CCCF Core

-

(4,330

)

(4,330

)

The National Lottery Community Fund

125,291

(137,838

)

(12,547

)

Haringey Council

6,153

(8,653

)

(2,500

)

Creative Cultural Hub

-

(27,451

)

(27,451

)

Arts Council of England - Organisation

Development / ACTivate Our Future

-

(350

)

(350

)

131,444

(178,622

)

(47,178

)

TOTAL FUNDS

138,609

(196,756

)

(58,147

)

11.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2025.

12.	LEGAL STATUS OF THE CHARITY

The Charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1.