Company no. 02629468 Charity no. 1011127 Hornsey Vale Community Association Report and Unaudited Financial Statements 31 March 2021 111 *AAJUBIPN' 21112r2021 COMPANIES HOUSE A14
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Homsey Vale Communlty Assoclatlon Referenc• and administrative details For the ar ended 31 March 2021" Company numb•r 02629468 Charity number 1011127 Rggistefed office and oporatlonal addres$ 60 maeld Ro•J Londo N8 9LP Tw$t•g$ Trustee$. a also directors under company law. who served during the year and up to the date of this POrt were as follows.. Lne 8rackley Aly Hutcherson Conrtor Jenkinson Duncan Kerr Debra Mendes (Chair) Robert Packham Jo Reilly ITa$Ter) Tilty Wiliams App)inted 17 February 2021 Apptinted 17 FebThry 2021 Apwinted 17 February 2021 Secretary Ouncan Kerr 8ank•rs TSB 34"The knadway, Crouch End London N8 9SH Ind¢ynd•nt •xamineT5 Godfrey WiLson knmited Chartered accountants and statutory auditi>rs Slh Fthr Mariner House 62 Prince Street Brislol BS14QD
Homsey Vale Gomrnunlty As$oclatl¢ R•port of the trustees For the ar ended 31 Uaf¢h 2021 Reference and adrniNslratNe 1nf0nnat sel oul on page 1 forrns part of this report. The finanual statements comply with current statutory requirements. the Memorandum and Articles of Association and the Ststement of RecommerKled Practice - AccountiThJ and Re'n9 by Charities leffectN8 from January 20191. Objectives and activities The chariws objectives and its syincrpal actiwty continue to be that of mana3ing Homsey Vale Communty Centre and organisir#J a programme of events and adivities for the benefrt of l¢xal residents. How obj•ctlve$ and a¢tlvltles deliver publi¢ benefrt Th& public benefits ol the charitable company are Ihe Provisn of facilities to advance edu¢atK•n and lo promote heatth and wallbging. irnprowng life for Ial people. The publi¢ benefits directty relate to the charitsble companWs key objectives. No detriment cff harm arises from the charitsble company providing the public benefits. The charitable company deliver5 public benefft lo member5 of the pubhc and futu generations. The fees g¢nerated from actsvilw assist the chariiaUe Company wth the delivery of its objectives. The object5 and funding limit the serwces Ihe charitable company provJes lo residents in the locality, lyjt access to the public benefits is r1 unreasonatly restrKled. In shaping the objectives and annIng the charitable company's ackn"vitEs, the membws (company direclors and charity trustees) ferred lo the 9uidan¢e conts5d in the Charity Commission's general guidance on publi¢ benefit. Achievements and perfornian Overall. the Irustees consider the chariws perf¢Jmian¢e in 2020121 as good when viewed ¥) the context of the global Covid-19 pandemic. The Jear was dominated by the Coronavirus. three periods of extensive lockdown. ongoing restrictions on public lrfe. and a lack of public confidence in thè safety of indoor venues like ours. Staff and trustees worked hard lo overcome UnpCeden1ed challenges and showed temfic resilience. not only sustaining the charity bul delivering improvements. Oespile a significant drop in room lettings income. the charity showed an ¢)perating profit for the year of £25,584 due to fvndraising, a rent discount and onwng cost sawngs. Long running discussK)ns with Haringey Council abtyJt a new lease and the annual rent stslled yel again due lo a delayed Council strategy.. nevertheless. overall, working rdatKJns and comMunutS wth Counal Offir$ were improved and positive. Personnel Emma Watson. as our sole part-time member of staff, worked hard for Homsey Vale and responded lo the pandemic with ealm and diligence. Trustees we4Jld like to thank her for being prepared lo work al home for most of the year and for wng above antl beJYJnd her job rol8 lo produce high quality outcomes lor th& charity. Emma responded to the frequentty changing Gov&mm8nt guidance with cjear communicats.ons and wdl cOndered processes and supported trustees lo open the building and provide a safe and trusted semee lo customers vthenever il was pemiitted. During k)ckdovm penods Emma usefvlly worked on long overdue 'back-offico' improvements. indudir¥J updatirKJ our mailing list and improving internal processes and documenlatKJn.
Horns•y Vale Community A8sociatlon Report of the trustees For the ar ended 31 March 2021 Personnel (continued) Unfortunatety. Emma's ¢rUItment dale meant Ihat were unable to benefit from a furkjugh grant for the first of the year. We applied as soon as arcjjmstances allowed and lopped up Emma's salary to 100% as a matter of princ)e. Reducing costs Our ongoing stralegc work to reduce day4(Hlay costs became even more critical during the year. We cJ)ntinued to source new suppliefs. including utilities and fire protection. Unhappy wth our sanitary contract. Debra Mende$ sourced and worked wilh a pro bono lasr to win a concession. For a second year nJnning. trustees postponed any expensive maintenance yrkS or brought work in- house. Our ongoing intemal deratIOn project conkn"nued. wth vc4unlews Duncan Kerr and Bob Paekham adIng the extenVe refresh of the cljors, CeptiOn area and Changing areas using mostly recycled paint. Connor Jenkinson kindty continued to donate his time to improve our bespoke booking Stern and to create our new website. launched with posikn.ve feedback in December 2020. Haringey Council helped us lo procure weknme n8w fumiture as a donation from Sandler Sèating Ltd, as w911 as free sanitiser and masks to support our volunteering work. We were delighted lo receive smaller donations of 9arden and indoor plants. play equpment and a table tennis table from residents. Nagotl8tthS W71h Hanng8y Counc The Bofough's already dela VCS strategy remains Stalled due to the pandemic and at the time of proofing thi$ report {July 2021) no draft has been shared. Meanwhile. we were gratefvl that HariThJey Council waived rent the first l(xkdown perK in 2020121. We had already. the previous year. negotiated a 40% reduction in rent costs for the pericJ April 2020 to March 2022 in anticipation of a new, more progressNe partnership. The Council fused lo discount the £29k rent charged in 2019120. a dis8ppointrnent to trustees given that we are a rnrOfIt. volunteer-run organisalion with full management and mainten respon"ty for the buikying. We worked hard through the year to move our lease and nt situation forward. The draft VCS strategy presented in 2019 promised the prospect of a 25-year lease. which remains our goal. We secured a granvsupport packaye from the Lonth)n marf$ Culture al Risk Offe. The money helped us pay rent to the Counol in the second hall of the year.. adwee from Localty supported us in an application lo be an asset of communty value and to understand useful data ralating to our catchment area. Locality brokered meetings with Council Offers and advocated for the role and importance of the servi¢e$ offered by Hornsey Vale. In June 2021 we were presented with three options.. 1. to sign a repeat lease for 25 years wth no rent discounl on th& commola1 rale Ipot8ntially £35k}; 2. to SKJn the disadvantageous 1¢>year tease offered in 2018 {which the Catmnet VCS lead himself had advised us nol lo sign),. or 3. wail to See a new 8orough•wide lease offef in October 2021. to t* based on consultalh)n wth the sector in MaylJune. We continue lo operate without a lease and awat a Council deasion on how new leases 11 be issued gcmng forward. Trustees have requested an ongoiro rent discounl so that we can consmder option 3. signing a repeat lease. This is essential lo helping us move forward our caprtal project plans. inclj1ng Ihe creation of new spaces and instalLation of 501ar panels. Trustees valued the relationship whlh the Counul's new VCS officer. Poppy Thomas. who has b8en of great support during the pandern. helpirvJ us stsjrce eqU)ment and organising Cowd-19 risk rnitigalion IrainirKJ.
Hornsey Val• Commtsnlty Assoclatlon Report ot the trusto•s For the •ar ended 31 March 2021 Income Legislation meant the Centre had to be closed for 7.5 months and events were not possible.. inevitably the Centre's income from leth.ngs and tickets wa5 5ignrficantty redud. Trustees and staff woiked hard to gslablish the Centre as a Covitl-safe Th*pla. We set in place a thorough risk assessment process th our class aders. involving all trustees in signrficanl amounis of s¢rutiny work. arKI issued regular guidance foll(yMng the frequent shifts in Government position. We operated new bcked door and one-way system. inslalled window fans and implemented a new cleaning regime, passing on some of those costs to hirers. We are proud lo have operated a safe venue and of the role we have played in helng our ccmnmunrty to connect and come logethef again after the trauma of the pandemic. Our approach was Borough4eading amongst VCS organisalions. We op9ned the doors whenever it was legalty possible. initBIty to $UPFrt Weston Park Sch)ol wth fitness classes. and also lo hosl counselling and se$snS for children laclivitses Ihat were allowed lo retum firstl. A continued focus of our strategy was raising awareness of the availability of the Centre for hire. and divers1f.n9 our lets. including to business. We have attracted some commercial inleresl this year,. we were a Cowd-secure knrkpL' for a production company working on the major ITV drama 'Too Close, in June 2020 and enjoyed being the base f the crew filming in Stslionels Park. We continue to value the presence of Kaiser Language schod cdleagues on site and the volunteer roles they pLgy. Such hires help us to subsKlise prices for groups wthich remain our pnority focus. We enSUd we covered our costs in the weeks we were open. and renegotiated essential oulgoings, but the sibjation demanded we start to implement our planned fundraising garly. During the year covered by this report we brought in £54k ID grants {induding hjrfough bul not including the rent subsklyl from l(xal and national govemment, National Lottery Community Fund. and the London Masrjr. Trustees signed off a new three•year fundraisirvJ strategy. wth garden. Inclusive football and 30th anniversary Projects sel as the immediate wiorities. Maximising opportuniti.es The enforced Closu of the building to wular bwkings and govemment restri¢lions on movemenl metnt that Emma {during reduced wofkir¥J houtsl and trustees were ab io fctus on systems improvements. We CoMpted Valuab work updath.ng mailing lists. View1 policies, and embedding M365 processes and archives. We refreshed our Vdunleer and Gfft fomis and put them online. As noted, Connor Jenkirwn sourced a new web51te host and trained Jo Reilly to update content monthly. Emma continued lo work on the inlemal room booking system lo ensure our online timetable remains up to date. We saw increasing levels of engagement th the website over the year. We also developed our social medra wotk. in particular. groww our Inslagram audience. and initiated discussions about launching a wular &Newsletter. Lockdown walks were an essential part of lrfe in 2020r21 aThJ we were pleased to add a focal pcint lo Marfield Road by invests.ng in a new abstract mural on a wall we share wtth the adjacent electricity substation. Local artist Jo Angell worted with Lne Brackley. Debra Mendes and Tilly Williams lo corne up wlh a suite of designs ihat were put to a community panel cffiline. After a huge amount ol preparation work on the wall by voluntee. induding Lary Jones, the most popular design was painted 4 metres hvJh by Jo and volunteers and Ihe biighl colours have brought cheer and wsilive comment. The mural featured as a stop on the nab'onal 'Artist Walk. initK?tive. bringing new people to the Centre and lo our social media accounts.
Homsey Vale Community Assoclatlon Report of the tru$tee$ For th• eai ended 31 March 2021 Comfflunrty SlakeholderJ and Partners We are grateful to the leaders of our regular dasses. many of them freelancers and self-employed peo0 whose work lives have been upended by the pandernic.. they have retumed lo the Centre wh8n permitted ar worked hard wlh us to offer a MmunitY programme. even though class numbers have lo be $tricted and safety procedu5 afe onerous. The range of classes. groups and activities we offer has ¢ontinu8d to meet kxal demand arKI act to bring our cornmunity together albeit it in a redd way. We're delighted to have welcomed some new classes led by local entrepneUrS - Stage Academy and yC#3a for new mums and babies. fty 8xample. have been a success when able to run. We value our continuing partnership with Weston Path Primary School.. it has continued lo use our gym for PE lessons. It has been delightful to welcome more visits from Kith and K¢ds this year, too. alkiwing disabled adults and their families to ¢X•me together arKI enjoy themselves in a sal8 environment. 'The centre has relY saved us this yearf, wrote the Projects Manager. A highlight of the year was 5UPPC¥ting Kalivrnder Chaggarfs Crow funder lo supwrt mgaLs for NHS intensive care workers al the Whittington and North MKldlesex hospitals. Volunl8ers made a film on sile. and we donated kitchen space to support the iniliab.ve which was promoted in Ihe local pross. Kally, Trmth volunteer help from the head chef al Ott¢)lenghi. prepad heatthy. delicious food in our hum& kitchen and dekvered it lo those at th8 front ling of the pandemic. We were delighted to host a visit from Catherine Wesl, MP. lo Celebrate our grant from the National Loitery Heritsge Fund and help launch our new website. Another visit from the Mayor, Adam Jogee, arbd his Deputy, Cllr Culverwell, in support of our Homsey Parochial Charities grant and our work to act as a collection polnl the Hwisoy loo(Ibank durirvj Ihe witgr I(kdown. was welcome too. LunGh Club During the first lockdown we piloted a s¢s$fUl mobib delivery lunch club using the rump of a grant from Hornsoy Parochial Charities. In November, we received a grant from Ihg National Lottery Community Fund lo stsrt a weekly mobile ddivery service. with a fows on elders and vulnerable people in our community- The cateriThJ was proved by Clare Heal and Kally Chaggar, and received gat leedback." new volunteers were recruited and incorporated safe deliveries into their daily lockdown walks. In the period covered by this report from December 2020 lo March 2021. we delivered 283 meals. 211 to people 4vho live alone. Over 150 meals were delivered to people with a disability or long-temi health Condon and over 80 went to peOe aged 80 years or more. We cdlected p)silive feedback on the foLxI and the project as a whole l%thich ran lo May 2021) and received numerous thank you cards. Volunteers As ever. the Centre eoukl not have functioneo this year without our dedtcated vdunteers. They did hundreds of hours of decofaling. gardening. befrtending. business and IT development. markeling and fundraising work lo ensure we remain a going concern and a compassionate organisation. Access improvements were made to the courtyard area in tsne with our heatth and safety poli. W8 grew our seomd crop in the new fveggie pod, rai8ed beds, tomatoes and spinach doing particukdy well, and Tilly Williams and Patrick Maher produced a ¢olourful display of flower5 and edibles in our sUStsinab front garden. It was great to benefit from the increased availability of local people during the pandemic and attraet five new Ular volunteers. including Moira Whittle designed a new e-Nevtsletter lemplale. Danni Haylett. Marie Campbell arKI Clare Dawson were essential lo the suecess of the rn01e lunch club.
Homsey Vale Communlty Assoclation R•port of the trustees For the ear •nded 31 Mar¢h 2021 Volunteers (conthued) We opened a Tempo Time Credit aceounl in March 2021 and three ¥UnteerS $1gned up before the end of the year lo receive rewards for the valuabk time they donate to us. Trustees should like to eXtd thair wami thanks to everyone who gave up their lime and shared their skills wth HVCA throughcMJt the year. Govemance Trltstees (all vdunteeT5. tool adapted to meeting monthty online and we hek1 a successful online publi¢ AGM in October. An important part of our strategy is to recnjit and diversify our Board further. We were de1hted to receive applications from Aly Hutcherson. Connor Jenkin50n and Jo Reilly, who joine¢J the Board during Ihe year under rewew, and Jackie Bischof, who is currentty shadowng the Board. Aly Hulcherson was appc¥nled HVCA saleguarding lead. Debra Mendes and Jo Reilly lead on governanco and finan¢e.' Duncan Kerr and Bob Packham lead on building maintenance and enhan¢emenl.' Lynne 8rackley has pla a adIng role in Co¥id-19 mith3ation. Finan¢ial review The stslement of financial activities shows net Fncome for the year of £25,584 12020.. £9.138). of vthich £21.84412020.' £9,161) was unrestricted with free reserves {unrestncted fund5) at the year-end of £102,43912020.. £80,595) and restricted funds of £10.31312020.. £6,573). Overal income for the ygar wa$ £78,9S) (2020.. £104.154}. ¢)Jr paid stsff have conbnL*d to 20 hours or less per week. This continued reduced staffing apacity has remained ¢hallengirig during open perK)d5. bul the Management Committee has thought il prLtdenl lo conbnue on this basis and trustoes hav& worked very hard to offer rular administrativo and practical support. investirvJ Signifint volunteer hours to ensure HVCA is viable. Total expenditure decreased to £53.366 (2020.. £95.0161. Maintenance costs will be closely monitored going loard. particulady onee new lease tems are agreed. The policy on reserves is reviewed annualty by Ihe trustees. Given there 15 Still swJnificanl uneertainty atx)ut the future lease. primarily its maintenance liabilities and rental costs. trustees consider that. in relation lo the scale of annual financial fk)ws, our free reserves provid8 a degree of contingency cover against= Unforeseen clrcumstsnS. such as redurKlanry costs. staff sickness. maternity cover capitsl pair. and Cash-11)w irregularilies arising from the fluating nature of our irwme due to the pandemic. including * least 7 months. operating costs. The reserves Wicy was rewritten this Jear lo flect changed cirojmstsnces and a rw target set to include our ambition to attract funding for a capital project. In the medium-temi. over three years. v plan to build a reserve of £114.000 in part. to alkmf US to make a mtsjest cash centrit.0n to a futur8 National Lottery bid. Pnncipal funding sources The principal funding source thi5 year was in the fom of grants as outlined atove. Ther? is currently one applI110n pending which, rf suceessful. will help us cebrate our 30th anniversary in the autumn. In a normal year, most income is generated Irom hire of the community centre facililtes lo a wde range of community groups at an advantageous rate: rentals accounted for 22Yo ol our income thi5 ar.
Horn$ey Vale C¢)mmunlty Assoclalion Report of th• trust••s For th• •ar ended 31 March 2021 Plans for firfure pgriods Clearfy. the impact of Covid-19 has been serious for charity. Al the lime of WTiting customer confN1ence remains mixed and some c5$e$ have had to cb5e early for the Summer or are barely breaking even. Bookings for September 2021 are heathy. however, and enquiries buoyant, providing trustees wth some optimism. We are pleased that we have been able lo steer the Charity through its worst challenge wthoul dipping into reserves", these remain in place shcMJkJ we be faced wth another lockdown or poor tradiThJ conditions in 2021122. We plan a whol&sale rates review designed tr) generate more ineome in the ojrrent r. During 2021122 we hope to - finally - negotiate a successful lease with the Council and stsrt lo plan new capital investment, not least adaptalM)ns to help us contribute positively lo the climate nergency. We urgently need to improve the acoustics in the Main Hall. an expensive proposrtion which will be dtfficutt lo fund through grants. Trustees are prepared lo consider funding acoustic panels Irom core Costs as a last resort shoukj a new lease be signed. Such panels would overcome a major accessibility challenge for all users of the Centre. in P3ClaT the ehjerty and ihose with hå impaimienl. We h)pe lo ck up face to fe our community event work using unspeni Coop grant funds as soon as the pub&c health situatw allows. We VAII launth a new ethNewsletter to help drive traffic lo tyjr website. in lum increasing room bookings arKI volunteer recTuitrnenL Stru¢tur•, gov•rnancg and managemènt Governing document Homsey Vale Community Assooation is a ¢haritable company limited by guarantee. incorporated on 15 July 1991. The cornpany is governed by its Memorandum and Articles of Association. It was registered as a charity the Charity Commission on 15 May 1992. In Ihe event of the company being wound up. all membefs present. and 12 months past. are required lo eonln.bute an amount not gxceeding £1. Recruitment and appnIrnent of members Membership ol the Company is open to the fo11o4¥ing. irrespective of polib.cal party, nationah'ly. religious opinn. gender, disatx'lrty, ethniuty or sexuality. Individual members art)ne aged 18 or over Iwing or working in the area of benefft that the Management Committee deodes to admit lo membership.. and Group members voluntary organisations which operate vnthin the Itxality who use the community centre arKI satisfy Ihe Management C¢)mmittee that they are independent organisats"on5 whose acts'vthes do not ctradt the objectives of the Company. The Management Committee can ¢on%st of: Not morg than ten representatives of IndivJu81 Members lo be elected from among and by the Individual members al the annual general meeting." and Not fflo than five representatives of Group Members to be elected from among and by the ¢knup preSentativeS at the Annual General Meets'NJ. In linè woth Charity Commission guKlance trustees have decided to cap the Management Committee al 12 people, c(kopting other expertise as necessary.
Hornsey Vale Community Association R•port of the trustees For th• èar ended 31 March 2021 Organisational StnKtu Full Management Committee meetsngs have been hekj every month. Our SuroUp Structu has been progressed this year and currenl sub-committees are.. Finance and strategy. cov-79 planning.. Events (suspended due to Covid-191: and Building maintenance and enhanMent. As noted. Committee has been SUPFrfed through the ar by several key volunteers. take on key-holding duts'es. light maintenance and gafdenir¥J and help deliver granl-funded projects. Our administrator Emma Watson is responsible for bcx)knngs. some invoicing. implementation of health arKI safety prOtclS and prOring supleS. Homsey va Community Associatrm operates an equal OppnitieS polw and strives to be inclusive. Risk Management The Management Committee regularfy revtews major risks to whh the charity Is exposed through the development and monitoring of Ouf business plan. Where appropriate. systems or procedures have been estsblish8d to mitKJate these risks. Intemal control risks are minirnised by procedures for aulhorisation of all transactions over £SOO. Procedures are in a¢* to ensur8 compliance th health and safety regulations for stsff. volunteers. users and visitors. We carry Out speufic risk assessments for operations at the Centre and hav8 Put in place a thorough Covid-19 risk assèssment. regularty reviewed throughcMJt the year. We have a schedule of inspections lor electrical and fire safety equipment. and the administrator keeps a cord of scheduled inspections. maintenance, and deanliness. Chjr kitchen was awarded five stars in the last heatth and safety inspection. We continue additional monitoring lo comply with ènvironmental health feguktions, including h)gbooks and providing infomation and gUdelIneS for all our hirers. Statemenl of re$ponslblllti¢s of the trustses The trustees Iwho are also directors of the charity for the purpose5 of company lawl are responsible for preparing the twstees. report and the finanty81 slalements in accordance wth applicable law and United Kingdom Accounting Standards, including Financial Reporting Stsndard 102.. The Financial RePo"n9 Standard appIlble in Ihe UK and Republic of Ireland (United KgdOM Generally Accepted Accounting Practice). Company law requires ihe ffustees to prepare financial statements for each financial year. which give a true and fair view of the state of affairs of the charity arHJ of the income and expenditure of the tharity for Ihal period. In preparing those fmneial statements the trustees are required lo: SeCt suitable a¢untIng pol•e$ and then apply ttlem Consisten. observe the methods and prinaples in the Charities SORP. make judgements and accounting esb'mates that are reasonable prudent: stale whether applicable UK accounting standards and ststements of recommended practice have been followed. subject to any material departures disclosed and explained in the financial slalemènts.. and
Homsey V*1• Communlty Alat10Th Report of thè truste•s For lh¢ ar ended 31 Marth 2021 prepare the financial statements on the goirg eoncem ba$Fs unless it is inappropriate to presume that the charity wll continue in operatjon. The trustees are responsrbte for keeng proper accounting recNds which disdose with wsonable accuracy at any lime the financial posib.on of the charity which enable them to ensure that the financial statements comply ¥Mth the Compan5 Act 2Crf)6. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention an dele¢tion of fraud and other irregularthes. The Irustees are respor15ibte for the maintenance and integrity of the corporate and financial information induded on the charitsbk companls webgte. Legislatton in the United Kingdom goveming the preparation and disserninalion of financial slalemenls may differ from legislation in other jurisdictions. Membets ol tho eharity guardnlee to conlribute an am¢JJnl not exceeding £1 to the assets of the charity in the 8vent of 4wnding up. The trustees are members of the charity but this entides thgm only lo voting rights. The trustees have no benefbcial terest in Ihe charity. Independent examiners Godfrey Wi150n Limited We re•appointed as independonl. ex8minefS lo the charitable company dvring the year and have expre&sed th•r llingneSS lo continue in that capacity. Approved by the trustees 17 December 2021 and syned on their behaw by Debra Mendes- Chair
Independent examiM¢$ report To th• trustees of Hornse Vale Community A¥$o¢iation I report to the trustees on my examination of the aw)unts of Horn$ey Vale Community Association (the charitable company) for Ihe r ended 31 March 2021. TAthith are set out on pages 11 to 24. Re5p¢n$ibilitios and bas1$ of report As the Iruslees of the charitable company (and also its directors for the purposes of company lawl you are re$ponsible for the preparation of the accounts in accordance the requirements of the Companies Act 20061'lhe 2006 Act,). Having satisfied my301f that Ihe accounts of the charitable company a not wuired to be audited under Part 18 ol the 2006 Act and a elKJible for iNlependent examination. I r8pDrt in respect of my eXaMinatn of the charitable companls accounts as carrted out under section 145 of the Charities Act 2011 I'the 2011 ACY). In Carll9 oul my examination I have followed the Directions gNen by the Charity Commissffi under secb"LM 145{51 {bl of the 2011 Acl. Independent gxamin•rfs statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examinalton gmng me cause to believe that in any malerial resped= 111 a¢unting records were not kept in respect of the charitsble company as required by section 386 of the 2006 Act: or 121 the accounts do not accord wlh those recedS.. or 131 the accounts do not compty with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accwnts gNe a Irue and fair wevl thich ts not a matter considered as part of an in¢Jependent examination- or {41 the accounts have not.been prepared in accordance vrith the methods and wnciples of the Statement of Recommended Practice for accounb.ng and reporting by chaJitigs applicable to charits'es pParing Ihesr accounts in accordance with the FinancAal Reporting Standard applicable in the UK and Republic of IreIar (FRS 102). I have no con¢ems and have come across olher matters in connection with the examinats'on to which attention should be drawn in thrs report in order to enab a proper understanding of the accounts lo be reached. L& Date.. 20 Decernber 2021 Laura Richards ACA M•mber of the ICAEW For and on behaff of.. Godfrey Wilson Limited Chartered accounlanls and statutory auditors Slh Fl¢y)r Mariner House 62 Prince Street Bristol BS14QD 10
Hornsey Vale Cornmunlty A$slation S"tat•ment of financial activlties (incorporating an income and exp8nditure account) For the ar ond•d 31 March 2021 2021 Total 2020 Total Restricted Unrestrided Note Income from: OonatKins and lega Charitable actsvitses Investments 20.326 39,023 19.197 404 59,349 19,197 11,623 92,363 168 Tat81 in¢om• 20.326 58,624 78,950 104.154 Expenditure on: Charitablg actimties 16.586 36.781 53,366 95.016 Tolal •xp•nditur• 16.586 36.781 53,366 95.016 3.740 21.843 25,584 9.138 N•t income and net movement in funds Re¢on¢iliation of funds: Total lunds brought forward 6.573 80.595 87,168 78.030 Tolal funds cathed lorward 10.313 102,438 112,752 87.168 All of the above results are derived from continuir¥J aCtit*s. There We no other recognis8d gains or losses other than those ststed above. Movements in funds are disclosed in note 14 to the accounts.
Horns•y Valo Communlty A$SlatIon Balan¢e sheel As at 31 March 2021 2021 2020 Note Fix•d assets Tar01b assets 10 4.645 6.080 Curr•nt assets Debtors Cash at bank * in hand 19,586 117.017 20,085 87,962 136.603 108,047 Llabilitles Creditors.. amounts faling due within 1 Jear 12 28.496 26.959 Net current assets 108.107 81.088 N•t a55•ts 13 112.752 87,168 Funds Restricted fijnds Unrestricted funds General funds 14 10.313 6.573 102.438 80,595 Total charlty funds 112.752 87,168 The di10T$ are satisfied that the company is entitled to exemption from the provisions of the Companies Act 2006 (the Adl relating lo the audrt of the financial stslements for the year by virtue of sedion 477121, and that no mernber or members have requested an audit pursuant to section 476 of Ihe Act. The directors a¢knovAedge their resFrf)n5ibilities for. li) gnsuring that the Company keeps proper a¢Unting records Ithich comply with section 386 of the ACL. and lill preparing financial statements which give a true and far vwi of Ihe stste of affairs of the Company as al the end of Ihe" finanoal year and of its profrt or loss for the financjal year in accordance with the quireMen1$ of secb.on 393. and which olhemise comply wlh the requirements of the Act relating to financial stslements. so far as applicable lo the company. These attounts have been prepared in acCOrdar wilh the special provisicffls applicable to companies subject to the small companies. regime. Approved by the tnjslees on 17 Decembef 2021 and $wJned on their behalf by Debra Mendes- Chair 12
Hornsey Vale C¢)mrnunity Association Notes to the financial $L*ements For th8 ear endod 31 March 2021 Accounting policles al 8asl$ ol preparation The financial statement5 have been prEpad in accordance wrlh Accounting and Reporting by Charitiès.. Ststement of Recommende(I Practice applicable to charibes in preparing their ac¢ounts in accordance wth the FIncIal Reporting Slandard applicable in the UK and Republic of Ireland IFRS 1021 {effective 1 January 20191 (Charities SORP IFRS 10211. the Financial Rep¢rting Standard applicable in the UK and Republic of lffjland {FRS 1021 and the Companies Act 2006. Homsey va Communtty Assocratthi meets the definibon of a public bonofit entity under FRS 102. Asseis and liabilities arg initially rewnised at historical cost or transaction value unless otheThvise staled in the Televanl accounts.ng s)olicy note. bl Going l¢ern ba$1$ of accounting The ac¢ounls have been prepared on the assumptmm ibat the charity able to continue as a going concern, which the twstaes consider appropriate having regard to the current level of unrestriclad reseryes and hawng consider8(J the impact of the ongoing Cowd pandgmic. There are no malerk81 uncertainties about Ihe charitys ability lo continue as a going concem. ¢) Incom• Inwme 1$ recognised when the charity has enbuement to the funds. any perfrmance conditions attached lo the item of income have been me( it is probable that the Irne wll be received and the amount can be measured liab. Income from the govemment and other grants. whathèr 'capital' grants or 'reversue' grants, is recognised vthen the charity has entitlement to the funds, any perfomiance conditions attached to the grants have been met. il is probab that the income will be received and the amount can be measured reliabty and is not deferred. Income fr(¥n letlings invoiced advance is deferred until bwkings have occurred. dl Donated s•r4lces and facllllles Donated professional semces and donated facilities aro recognised as income vkngn Ihe ¢harty has conlrd over the itern. any conditions assocAated wlh the donatsd item have been mel, the ceipt of ecormi¢ benefrt from the use by the charity of the item. is probable and the economic benefit can be measured rdiabty. In accordance with Ihe Charities SORP (FRS 1021. general v¢unteer time is not recognised. On receipt. donated Pfofessional services and donated facilities are recognised on the basis of the value of the gift lo the charity vknich is the amount the charrty bStuld have been willing to pay to obtain semces crt facilities of equNalenl economic benefit on the open market., a corresponding amount is then rect)3nised in expendilure in the period of r8C8iPt. ¢1 Interest ro¢eivable Interest on funds held on deposit is included when ¢¢IVale and the amount be measured rgliabty by the charity.. this is normalty upon notification of Ihe intere51 paid or payable by the bank. 13
Hornsey Vale Community Associatlon Not•s to the financlal statements For the r ended 31 March 2021 Acubunting pollcies (continued) l) Funds accounting Vnrestricled funds are available lo spend on activities Ihai further any of the purposes of the charity. D8signate¢Y fvnds are unrestrict8d funds of the charity %thich the trustses have decK18d al their tliscrelion to set aside to use for a spectfic purpose. Restn"cted funds are donations which the donor has specrfied are to be solety used for particular areas of Ihe charitys work or for specffic projects being undertaken by the charity. gl Exp•ndifvr• and irT•cov•rabh VAT Expenditure is recognised once there is a legal or construelive obligatn to make a paent lo a third party. it is probable that settthent wil be required and the amounl of the oblwJation can be measured 1iabty. Irrecoverable VAT is charged a5 a cost against activity for vthich the expenditure was incurred. h) Allocatlon of support and governance costs Support wsts are those functions that assist the work of the Charity bul do not dI¢Y undortake charitable aclivilies. Governance costs are the a$Slated with the govemance arrangements of the charity. including the costs of coMpl.ng with con5titution31 and statutory requirernents and any Costs assocoled wth the stralegt management of the ¢haritls activities. Where suprth costs cannot be dillY attributed to partiCUr headings they have been allocated to cost of raising funds and expendilure on charitable activities on a basis consislent use of the resources. In the current and prior year. no supm or goveman¢e ¢osts have been attributed to raising funds. l) Tangible fixed a$sel$ Depfeualion is provKled at rates calculated to write down Ihe cost of each asset lo its estimated residual value over its expected useftjl lrfe. The depreciat¢on rates in use are as follows.. Leasehold buikjing improvements Fumilure and equipment Website 10 years 4 years and 10 year5 3 sears l) Debtors rrade and other debtors arg recognised at the settlement amount due after any trade discount offered. Prepayments are valued al the amount prepaHJ nel of any trade discounts due. kp Cash at bank and in hand Cash at bank and ¢ash in hand includes cash and lem) highty h'quKJ investrnents with a short maturity of Ihree months or less from the date of acquisition or opening of the depgsil or similar account. l) Creditors Creditors and prowsions are recognised where the charity has a present oblwjation resutting from past event thal will probably resun in the transfer of fvnds to a third party and the amount due to settle the obligation can be rneasud or eslimaled reliabty. Creditors and provisions are nomiauy recognised at their setuemenl amount after alhmng for any trade discounts due. 14
Horns•y Val• Communty Association Notes to the financial sLitem•nts For the ear •nd•d 31 Mah 2021 counting poli¢ies (continu) m) Financial instruments The charitsble company only has ffinancial assets and financial liabilities of a kind that qualfy as basic financial instnjments. Basic financial inslruments are initially recognised at Iransactson value and subsequentty measured at their settlement value with the excepb.on of bank loans vthich are subsequently Tecogf¥sed at amorts.sed Mst using the effecbve interest methLMJ. n} P$nsion ¢o$t$ The company operales a defined contribution pension scheme for its empbyees. Thero are no further lia"11t1es other Ihan that already renised in Ihe SOFA ol For•5gn Curroncy transacllons Transactions in foreign wrrencies ar8 Iranslated at rates prgvaling al the date of the transaction. 881a derinated n foren currencies are translated al the rale of exchange prevailing al the year end. pl Ac¢ounting estlmatss and key 5udg*ments In the application of the charit¥s accounting polcies. Ihe trustees are rewired to make judgements, estimates and assumptions about the caffying values of assets and liabilities that are not adIlY apparent from other sources. The estimates and undedying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may drffer from Ihese estimates. The estimates and undeftywu asSumptiS are reviewed on an ongoiThJ basis. Revisions to accountiry esb'mates are reccgnised in the peri(MJ in whth the esb.male is revised if the revision affects only that peii&J, or in Ihe period of the revision and future perJc#Js if the revision affects both current and luture periods. The key sources of estimation uncertainty that have a significant effect on the amounts recognised in ihe financial stslemenls are depts"on as described in note t {1>. Prior period COmparave5. statement of financlal a¢tlvllles 2020 Totsl Restricted Unrestricted Income fmm: DonatnS Charitsble acb"wties Investments 2.180 9,443 92.363 168 11.623 92.363 Total Income 2.180 101.974 104.154 Expenditurn on: Charitable actiwlies 2.203 92.813 95.016 Total expondituro 2.203 92.813 95.016 Not incom• I 1•xndItUr0) and nel movern•nt in funds 23 9,161 9.138 15
Homs•y Vale Community Associatlon Notss to th• financial statsments Forthg ear onded 31 March 2021 In¢om• frorn donation$ 2021 Total Restricted Unrgslrided Donations Cofonavirus job retention scheme Gifts in kiTh Grants 675 1.148 2.$00 34.700 675 1.148 2,500 55.026 20.326 Total income from donations 20,326 39.023 59,349 2020 Total Prior p•riod eomparati¥•: Restricted unrestn.cled Gifts Gifts in kiTrJ Grants 768 5.700 2.975 768 5.880 4.975 Total in¢te from donatlons 2.180 9,443 11,623 Gifts in kind represent the doaon of professional time spent on developing and rnainiaining a booking syslern and creab.ng a new website. In the prior year, gifts in kind comprised the donatson of professional time to developing the online bcM)king system and website, subsidised services from a local designer lo create the new logo and a donalion of plant$ and top50iI to support the Healthy Communilies project. 16
Hom$oy Valg Communlty Assoclatlon Not to the financial ststom¢nts For the ear onded 31 March 2021 In¢om• from charitable activiti•s 2021 Total Restricted Unresknct8d Community centre leitings Fundraising and community activit 19.082 115 19.082 Total income from charitable activiti•s 19.197 19.197 Prlor p•rlod comparaliv•: 2020 Total Restricted Unreslrictod Community centre letngS Fundraising and community aulileS 86,488 5.875 86.488 5.875 Total Income from ¢harltable activiti•s 92.363 92,363 Govommonl grants The charitable Company receives government grants. defined as funding from The London Borough ol Haringey. the Corona¥iws Job Relention S¢heme. and Ihe London Mayorfs Culture at Risk Office lo fvnd Charitalje ath'wlies. The total value of such grants in the period ending 31 March 2021 was £45.838. 12020.. £2.9751. The a no unfulfiled conditson$ ¢y wits'n9&ncies altsching to these grants in 2020121.
Horn$gy V*h Community Asso¢iatlon Notes to tho finan¢lal $tat•mMts For the ar gnded 31 March 2021 6. Totsl •xp•nditure Support and govemance costs Charitable activities 2021 Total Premises r8nt General mointenance and supplies Staff costs (note 81 Stsff recruitment and training Ljht and heat Water rates Teleph Printing, post&Je and stationery IT costs InSurarS Depreoati Community activities Accountar5Cy sun expenses 8.925 16.708 11.759 126 1.792 8.925 16,708 11.759 126 1,792 1.308 867 90 2,863 3.281 1,435- 2,802 1.764 354 2.863 1.7 1.435 2.802 1.491 1.764 354 Sub4otal 50.465 2.901 53.366 location of support and govemance costs 2.901 2,901 Total expenditur• 53,366 $3.366 Total governance eosts were £1.57312020.. £1,783) 18
Hornsey Vale Community Association Notes to the finandal statem•nts For the •ar •nd•d 31 Mah 2021 6. Total expenditure - prior perlod ¢omparativ• Support and Charitable govemance activit$ costs 2020 Total Premises rent General maintenance and suppl.es Staff costs (note 81 Staff and vohjnteer recrurtrnenl arKI training Lwht and heat Water rates Teleph¢Jne Printing. postage and stab"c**ry IT costs Insurances Depreciation Communty activ¢ties Newsletter and promotional activibes In¢Jependent examinatson Legal and professional fees Consumancy Sundry expenses 29.750 25.516 6.680 113 6.805 1.288 (1,120} 45 5.727 3.186 1.646 3.398 773 29.750 25,516 6.680 113 6.805 1.288 11.1201 45 5,727 3,186 1,646 3,398 773 1,440 343 9.067 359 1.440 343 9.067 359 Sub-tolal 93.233 1.783 95,016 Allocation of support and govemance costs 1,783 Total •xpondltur• 95.016 95,016 19
Hornsey Vale Communty A8sociatlon Notes to the financial statements For th• r ended 31 IAarch 2021 7. Net movement in funds This is stated after chawng.. 2021 2020 Depreciation Trusleps. r8muneration Trustees. reimbursed expenses Independent eXamIrrs. remuneration: Independent examination {includry VAT) 1.435 1.646 1.560 1.440 8. Staff costs and numbefs Staff costs were as folows: 2021 2020 Salaries and We$ Social security Pensi costs 11,266 238 255 6.680 11,759 6.680 No empl¢)yee eamed more than £60.000 duriThJ the ar. The key management personnel of the charity comprise the trustees only. The totsl employee benefits of the key management personnel were £nil12020.. £nil). 2021 No. 2020 No. Average head count Average number of full b.me equNalents during the year 9. Taxatlon The charity bs exempl from corporation tsx as all its ie is tharitsble and is applied for charitable purposes.
Mornsey Vale C¢)mmunity Association Not•5 to Ihe financlal statements For the •ar ended 31 March 2021 10. Tangible fixed assets Furniture and equiwienl buildirvJ improvements Website Total Cost At 1 Apiil 2020 Addit$ in ar 699.533 24.404 1.225 725.162 Al 31 March 2021 899.533 24,404 1.225 725,162 Depreciation Al 1 April 2020 Charge for the year 699.533 18,324 1.435 1.225 719.082 1.43S Al 31 March 2021 699.533 19.759 1.225 720,517 Net book valuo At 31 March 2021 4,645 4,64S Al 31 March 2020 6.080 6,080 11. Deblors 2021 2020 Trade debtors Other debtors arKI ppayMents 14,670 4.916 19.442 643 19,586 20,085 12. Creditors . amounts due within 1 year 2021 2020 Tr8de credit5 Accnjals Other credit 26.152 1.762 582 14,875 11.705 379 28,496 26.959 21
Hornsey Vale Communlty AsSlatIon Note$ to the financial ststoments For the ar ended 31 Mar¢h 2021 13. Analysis of net assots bgiwggn lunds Reslricted Unrestricted funds fund5 Total fvnds Tangible fixèd assets Current assets Current liabilibes 4,645 126,290 28,496 4.645 136.603 28.496 10.313 Net assgts at 31 Mar¢h 2021 10,313 102,439 112.752 Restricted Unrestricted fvThJs funds Prlor wiod ¢¢xnparntlve Total funds Tangible fixed assets Current assets Current liabilitses 6,080 101,474 26.959 6,080 108.047 126,959 6.573 Net assets ot 31 March 2020 6.573 80.S95 87,168
H¢)m$ey Vale Comrnunlty Assoclatlon Notes to the financlal statements" For the ar ended 31 March 2021 14. Mov8ments in lunds TTansfeT5 between At 31 March lunds 2021 At 1 April 2020 Income Exp8TrJiture Ro$tri¢ted fund$ Hornsey Vale Healthy Communty Lunch club Nati)nal Lottery Community Furwj Culture al Risk Waitros 6.573 6.573 529 2,100 {1.5711 {5,9481 {8,9251 142 2,136 1,075 10,(J)O Total restricted fund$ 6.573 16,586 10.313 Unrg$trlGtsd fvnd$ General funds 80.595 36.781 102.438 Total unrostrlcted tunds 80.595 36,781 102.438 Total lunds 87.168 78,950 53,366 112,752 Purposes of restricted funds Homsey Vale Healthy Communty The Homsey Vale Heafthy Community Project was furKled by a grant from the Co-op Community Fund and by a grani ceIVed from the Homsey Parochial Charit$. The Centre will be a focal point in encouraging local okJer communty members to lake control in improving their well-being. Lunch club Hornsey Parochial chare$ granteil £2.100 as a conlriLwtion to the costs of the H¢Nnsey Vale monthty lunch club, mainty consisting of kitchen hire. chef professKJnal fees and food purchases. The lunch club offers nutrbtious hol focKI. entert&"nment and COMpannship lo local people some of whom expefienee social isolakn. NatAonal Lott8ry Communty Fund Funds to extend the lunch Club into a weekly mobile lunch and counselling seThice and to purchase a dishwasher to allthv for social distsncing in the kil¢hen. Cufture at Risk Grant delivered through a partnership the Lorthn Marf$ cu1bJ al Risk Office and Locality to conth.bule towards renl paymenl. Waitrose Funds to contribute towards the Lunch Club focrfj costs. 23
Horn$•y Valo Community Association Nolos to th• finan¢ial statem•nts For tho oar onded 31 March 2021 14. Mov•ments in funds {¢ontinuedl Transfers betsyeen At 31 March funds 2020 A11Wil 2019 Prlor p•riod ¢omparalive Income Expenditure Rgstrlcted funds Homsey Val8 Healthy Community Lunth club 6.596 12031 2.000 6.573 2.000 Total r•strlclod funds 2.203 6.S73 Unrestricted fund5 General funds 71.434 101,974 92.813 80.595 Total unrestrid•d lunds 71.434 101.974 92,813 80.595 Total funds 78.030 95.016 87.168 15. Rèlated party transaclions There were no related party transactions in the current or prior reportiThJ per¢ol. 24