Company no. 02629468
Charity no. 1011127
Hornsey Vale Community Association
Report and Unaudited Financial
Statements
31 March 2021
111
*AAJUBIPN'
21112r2021
COMPANIES HOUSE
A14
#2(

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 ma￿eld Ro•J
Londo
N8 9LP
Tw$t•g$
Trustee$. a￿ also directors under company law. who served during
the year and up to the date of this ￿POrt were as follows..
L￿ne 8rackley
Aly Hutcherson
Conrtor Jenkinson
Duncan Kerr
Debra Mendes (Chair)
Robert Packham
Jo Reilly IT￿a$￿Ter)
Tilty Wiliams
App)inted 17 February 2021
Apptinted 17 FebTh￿ry 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 Provis￿n of facilities to advance edu¢atK•n and
lo promote heatth and wallbging. irnprowng life for I￿al 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 prov*Jes lo residents in the locality, lyjt
access to the public benefits is r￿1 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 conts5￿d 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 Unp￿Ceden1ed 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 comMunut￿S wth Counal Offi￿r$ 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 cOn￿dered 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 las￿r to win a concession.
For a second year nJnning. trustees postponed any expensive maintenance y￿rkS or brought work in-
house. Our ongoing intemal de￿ratIOn project conkn"nued. wth vc4unlews Duncan Kerr and Bob
Paekham ￿adIng the exten￿Ve refresh of the c￿ljors, ￿CeptiOn area and Changing areas using
mostly recycled paint. Connor Jenkinson kindty continued to donate his time to improve our bespoke
booking S￿tern 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 peric*J 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 r￿n￿rOfIt. 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 ma￿rf$ Culture al Risk Off￿e. 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 Off￿ers 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& commo￿la1 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. incl￿j1ng 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 redu￿d. 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 hel￿ng 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 $UPF￿rt Weston Park Sch)ol wth
fitness classes. and also lo hosl counselling and se$s￿nS 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 enSU￿d 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 CoMp￿ted 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 L￿ne 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
peo￿0 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 ￿$tricted and safety procedu￿5 afe onerous. The range of classes. groups and
activities we offer has ¢ontinu8d to meet kxal demand arKI act to bring our cornmunity together albeit
it in a red￿￿d way. We're delighted to have welcomed some new classes led by local entrep￿neUrS
- Stage Academy and yC#3a for new mums and babies. fty 8xample. have been a success when able
to run.
We value our continuing partnership with Weston Path Primary School.. it has continued lo use our
gym for PE lessons. It has been delightful to welcome more visits from Kith and K¢ds this year, too.
alkiwing disabled adults and their families to ¢X•me together arKI enjoy themselves in a sal8
environment. 'The centre has re￿lY saved us this yearf, wrote the Projects Manager.
A highlight of the year was 5UPPC¥ting Kalivrnder Chaggarfs Crow￿ funder lo supwrt mgaLs for NHS
intensive care workers al the Whittington and North MKldlesex hospitals. Volunl8ers made a film on
sile. and we donated kitchen space to support the iniliab.ve which was promoted in Ihe local pross.
Kally, Trmth volunteer help from the head chef al Ott¢)lenghi. prepa￿d heatthy. delicious food in our
hum￿& kitchen and dekvered it lo those at th8 front ling of the pandemic.
We were delighted to host a visit from Catherine Wesl, MP. lo Celebrate our grant from the National
Loitery Heritsge Fund and help launch our new website. Another visit from the Mayor, Adam Jogee,
arbd his Deputy, Cllr Culverwell, in support of our Homsey Parochial Charities grant and our work to
act as a collection polnl ￿ the Hwisoy loo(Ibank durirvj Ihe witgr I(￿kdown. was welcome too.
LunGh Club
During the first lockdown we piloted a s￿￿¢s$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 prov￿￿ed by Clare Heal and Kally Chaggar, and received
g￿at 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 Cond￿on and over 80 went to peO￿e 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 rn0￿1e 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 $1gned up before the
end of the year lo receive rewards for the valuabk time they donate to us. Trustees should like to
eXt￿d thair wami thanks to everyone who gave up their lime and shared their skills wth HVCA
throughcMJt the year.
Govemance
Trltstees (all vdunteeT5. tool adapted to meeting monthty online and we hek1 a successful online
publi¢ AGM in October. An important part of our strategy is to recnjit and diversify our Board further.
We were de1￿hted to receive applications from Aly Hutcherson. Connor Jenkin50n and Jo Reilly, who
joine¢J the Board during Ihe year under rewew, and Jackie Bischof, who is currentty shadowng the
Board. Aly Hulcherson was appc¥nled HVCA saleguarding lead. Debra Mendes and Jo Reilly lead on
governanco and finan¢e.' Duncan Kerr and Bob Packham lead on building maintenance and
enhan¢emenl.' Lynne 8rackley has pla￿ a ￿adIng role in Co¥id-19 mith3ation.
Finan¢ial review
The stslement of financial activities shows net Fncome for the year of £25,584 12020.. £9.138). of
vthich £21.84412020.' £9,161) was unrestricted with free reserves {unrestncted fund5) at the year-end
of £102,43912020.. £80,595) and restricted funds of £10.31312020.. £6,573).
Overal income for the ygar wa$ £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 r￿ular administrativo
and practical support. investirvJ Signifi￿nt volunteer hours to ensure HVCA is viable.
Total expenditure decreased to £53.366 (2020.. £95.0161. Maintenance costs will be closely
monitored going lo￿ard. 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 clrcumstsn￿S. such as redurKlanry costs. staff sickness. maternity cover capitsl
pair. and
Cash-11)w irregularilies arising from the flu￿￿ating 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 applI￿110n pending which, rf suceessful. will help us ce￿brate 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$ey Vale C¢)mmunlty Assoclalion
Report of th• trust••s
For th•
•ar ended 31 March 2021
Plans for firfure pgriods
Clearfy. the impact of Covid-19 has been serious for charity. Al the lime of WTiting customer
confN1ence remains mixed and some c￿5$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 P3￿C￿laT the ehjerty and ihose with
h&aring impaimienl.
We h)pe lo ￿ck up face to f*e 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 app￿nIrnent of members
Membership ol the Company is open to the fo11o4¥ing. irrespective of polib.cal party, nationah'ly.
religious opin￿n. 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 c￿trad￿t the objectives of the Company.
The Management Committee can ¢on%st of:
Not morg than ten representatives of Indiv*Ju81 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 Su￿roUp 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 enhan￿Ment.
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 prOtc￿lS and prO￿ring sup￿leS.
Homsey va￿ Community Associatrm operates an equal Opp￿￿nitieS polw and strives to be
inclusive.
Risk Management
The Management Committee regularfy revtews major risks to wh￿h 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 gU￿delIneS for all our hirers.
Statemenl of re$ponslblllti¢s of the trustses
The trustees Iwho are also directors of the charity for the purpose5 of company lawl are responsible
for preparing the twstees. report and the finanty81 slalements in accordance wth applicable law and
United Kingdom Accounting Standards, including Financial Reporting Stsndard 102.. The Financial
RePo￿"n9 Standard appIl￿ble in Ihe UK and Republic of Ireland (United K￿gdOM Generally
Accepted Accounting Practice).
Company law requires ihe ffustees to prepare financial statements for each financial year. which give
a true and fair view of the state of affairs of the charity arHJ of the income and expenditure of the
tharity for Ihal period. In preparing those fmneial statements the trustees are required lo:
Se￿Ct suitable a¢￿untIng pol￿•e$ 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 A￿￿lat10Th
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 kee￿ng 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 Compan￿5 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
eXaMinat￿n of the charitable companls accounts as carrted out under section 145 of the Charities
Act 2011 I'the 2011 ACY). In Car￿ll9 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 rece￿dS.. 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 p￿Paring 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$s￿lation
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 aCti￿t*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$S￿latIon
Balan¢e sheel
As at 31 March 2021
2021
2020
Note
Fix•d assets
Tar01b￿ assets
10
4.645
6.080
Curr•nt assets
Debtors
Cash at bank * in hand
19,586
117.017
20,085
87,962
136.603
108,047
Llabilitles
Creditors.. amounts faling due within 1 Jear
12
28.496
26.959
Net current assets
108.107
81.088
N•t a55•ts
13
112.752
87,168
Funds
Restricted fijnds
Unrestricted funds
General funds
14
10.313
6.573
102.438
80,595
Total charlty funds
112.752
87,168
The di￿10T$ 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 prEpa￿d 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 FI￿ncIal 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 I￿rne 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 ecor￿mi¢ 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 ￿¢¢IVal￿e 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 obligat￿n to make a pa￿￿ent 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$S￿lated with the govemance
arrangements of the charity. including the costs of coMpl￿.ng with con5titution31 and statutory
requirernents and any Costs assocoled wth the stralegt management of the ¢haritls activities.
Where suprth costs cannot be di￿llY attributed to partiCU￿r headings they have been
allocated to cost of raising funds and expendilure on charitable activities on a basis consislent
use of the resources. In the current and prior year. no supm or goveman¢e ¢osts have
been attributed to raising funds.
l) Tangible fixed a$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 rneasu￿d 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 Ma￿h 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 re￿nised in Ihe SOFA
ol For•5gn Curroncy transacllons
Transactions in foreign wrrencies ar8 Iranslated at rates prgvaling al the date of the transaction.
881a￿￿ der￿inated n fore￿n 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 asSumpti￿S 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 dep￿￿ts"on as described in note t {1>.
Prior period COmpara￿ve5. statement of financlal a¢tlvllles
2020
Totsl
Restricted Unrestricted
Income fmm:
Donat￿nS
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•x￿ndItUr0) 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.$00
34.700
675
1.148
2,500
55.026
20.326
Total income from donations
20,326
39.023
59,349
2020
Total
Prior p•riod eomparati¥•:
Restricted unrestn.cled
Gifts
Gifts in kiTrJ
Grants
768
5.700
2.975
768
5.880
4.975
Total in¢t￿e from donatlons
2.180
9,443
11,623
Gifts in kind represent the do￿a￿on of professional time spent on developing and rnainiaining a
booking syslern and creab.ng a new website. In the prior year, gifts in kind comprised the
donatson of professional time to developing the online bcM)king system and website, subsidised
services from a local designer lo create the new logo and a donalion of plant$ and top50iI to
support the Healthy Communilies project.
16

Hom$oy Valg Communlty Assoclatlon
Not￿ to the financial ststom¢nts
For the
ear onded 31 March 2021
In¢om• from charitable activiti•s
2021
Total
Restricted Unresknct8d
Community centre leitings
Fundraising and community activit
19.082
115
19.082
Total income from charitable activiti•s
19.197
19.197
Prlor p•rlod comparaliv•:
2020
Total
Restricted Unreslrictod
Community centre let￿ngS
Fundraising and community auli￿leS
86,488
5.875
86.488
5.875
Total Income from ¢harltable activiti•s
92.363
92,363
Govommonl grants
The charitable Company receives government grants. defined as funding from The London
Borough ol Haringey. the Corona¥iws Job Relention S¢heme. and Ihe London Mayorfs Culture
at Risk Office lo fvnd Charitalje ath'wlies. The total value of such grants in the period ending 31
March 2021 was £45.838. 12020.. £2.9751. The￿ a￿ no unfulfiled conditson$ ¢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
L￿jht and heat
Water rates
Teleph￿
Printing, post&Je and stationery
IT costs
InSurar￿S
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 Ma￿h 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 eXamIr￿rs. 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 W￿e$
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 i￿e 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 p￿payMents
14,670
4.916
19.442
643
19,586
20,085
12. Creditors . amounts due within 1 year
2021
2020
Tr8de credit￿5
Accnjals
Other credit
26.152
1.762
582
14,875
11.705
379
28,496
26.959
21

Hornsey Vale Communlty AsS￿latIon
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￿$. The Centre will be a focal
point in encouraging local okJer communty members to lake control in improving their well-being.
Lunch club
Hornsey Parochial char￿e$ 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 COMpan￿nship 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 Ma￿rf$ 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