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2022-03-31-accounts

LEGAL AND LEGAL AND ADMINISTRATIVE ADMINISTRATIVE ADMINISTRATIVE INFORMATION
Charity name: Highbury
Vale Blackstock Trust (also known		 as
"Elizabeth House")
Charity registration number. 1029704
Company registration number 2849848
Registered office and operations address Elizabeth
House, 2 Hurlock		 Street, London N5 1ED
Trustees (Directors)
Chair Carol Glover
Treasurer Garry Luxford
Ashley Hodges
Jeremy Corbyn
MP
Mary Dakin
Valerie Bossman-Quarshie
Lee-Anne Richardson-Pnng
Centre Director (Chief Executive) Nathalie
Renaud
Independent Examiner Harry Nicolaou
Of Harry Nicolaou
8,Co Limited
Chartered
Accountants
21 Brendon Way, Enfield, ENI 2LF
Bankers CAF Bank Limited
PO Box289, West Maffing, Kent ME194TA

Aerobics class - a very dynamic
and friendly class open to all every Monday.
After School Club - delivered
by Elizabeth
House, we offer an affordable
out ofschool childcare service for		 working parents for primary
school children.
Baby massage
group - a Bright Start-led weekly group every Tuesday
morning
Babyin babyout —baby massage and relaxation
class every Wednesday.
Ballet classes - a range ofweekly classes on Monday and Thursday
for pre-school
aged children
Blue House Club —over 50's lunch club with exerose dasses and sooal activities open to all every Wednesday.
Community
Yoga - a weekly wellbeing
class, every Tuesday
morning.
Finsbury
Park Singers —a popular choir held every Tuesday evening.
Food Hub —provision
offood and essential
items to local residents
and families every week.
Holiday Playscheme
-a popular
holiday
provision
for chddren age 4 to 14, 11 weeks per year.
IT training
and employability
programme
- run by our partner PPCP for young people to gain qualifications		 and secure employment in
the ITsector.
Kuk Soot Mon —a popular Korean martial arl class for children
and adults every Thursday
evening.
La Palara Pints - fun Spanish
groups for toddlers,
children
and their parents on Saturday
mornmg.
Sports School - multi sports sessions for children aged 2-11 years, every Saturday.
Wizzie Wizzie Code Club —a free and popular computer
coding club for8-14year olds on Saturday.
Women
only fitness classes - delivered
by a qualified coach, two free weekly sessions free for all abilities.
World Harmony
Orchestra —offers pay what you can music lessons for the community.
Youth club —open to ag young people age 11to 18years old, led by young people themselves,
held on Monday and		 Wednesday
evenings.
Zumba —a new weekly class for women and girls every Tuesday evening.
In addition,
Elizabeth
House has been hosting other community
groups
running
training sessions or needing		 a space for regular
meetings
We also support
local tenants'
associations
by providing
them space free ofcharge when needed.

Highbury Vale Blackstock Trust Tru$tee$' Report For the Year Ended 31 March 2022 A YEAR IN PHOTOS 111 '/, Soi Cflt /r

Highbury Vale Blackstock Trust Trustees, Report Forthe Yoar Endéd 31 March 2022 10

2022 2021
Restncted Unrestricted Total Total
Note funds funds funds funds
8 f
INCOME FROM:
Donations
and legacies		 29,960 28,351 58,311 21,946
Charitable
activities:
Grants 2 322,174 5,044 327,218 360,235
After School Club income 45,800 45,800 18,467
Playschemes
income		 37,829 37,829 15,981
Users hire of premises 42,806 42,806 1,137
Project hire ofpremises 8,710 8,710 10,967
Management
and supervision		 of projects 12,851 12,851 8, 136
Other income 26,219 26,219 17,831
Investments:
Bank interest 513 513 918
TOTAL INCOME 352,134 208,123 560,257 455,6'/8
EXPENDITURE ON:
Raising funds 880 880 2,450
Charitable
activities
Staff costs 194,221 49,595 243,816 211,923
Premises costs 16,725 30,844 47,569 40,369
Activities costs 118,589 21,203 139,792 118,140
Other costs 1,442 3,652 5,094 2,984
Governance
costs		 19,221 19,221 18,597
TOTAL EXPENDITURE 330,977 125,395 456,372 394,463
Net income for the year 9 21,157 82,728 103,885 61,155
Transfers
between
funds		 16 39,554 (39,554)
Net movement
in funds		 60,711 43&174 103,885 61,155
Reconciliation
offunds
Total funds brought
forward		 342,459 275,972 618,431 557,276
Total funds carried forward 16 403,170 319,146 722,316 618,431

Balance Sheet Company
 No. 2849848
As at 31 March 2022
Note 2022 2021
Fixed assets
Tangible assets 292,084 302,127
Total fixed assets 292,084 302,127
Current assets
Debtors 12 27,088 21,860
Cash at bank and
in hand		 473,262 348,762
Total current assets 500,350 370,622
Creditors:
Amounts		 falling due within one year 13 (70,118) (54,318)
Net current assets 430,232 316,304
Total assets less current liabilities and net assets 14 722,316 618,431
The funds ofthe charity:
Restricted funds 403,170 342,459
Unrestricted
income		 funds:
General funds 272,709 229,535
Designated
funds		 46,437 46,437
319,146 275,972
Total charity funds 16 722,316 618,431

As at 31 li/larch 2022
2022 2021
Cash flow from operating
activities
Net surplus
for the year		 103,885 61,155
Interest received (513) (918)
Depreciation
of tangible
fixed		 assets 10,043 10,047
(Increase)/decrease
in debtors		 (5,228) (5,820)
Increase/(decrease)
in creditors		 15,800 6,556
Net cash flow from operating activities 123,987 71,020
Cash flow from investing
activities
Payments
to acquire tangible		 fixed assets
interest received 513 918
Net cash flow from investing activities 513 918
Net increase/(decrease)
in cash and cash equivalents		 124,500 71,938
Cash and cash equivalents
at		 1 April 2021 348,762 276,824
Cash and cash equivalents
at 31 March 2022		 473,262 348,762

Grants
Total Torsi
Restricted Unrestricted 2022 2021f
Jack Petchey Foundation 850 850 750
StJames's Trust 25,000 25,000 25,000
LBIslington 21,740 21,740 48,813
LBIslington - EYDCP (After School Club) 15,300 15,300 15,300
LBIslington-
EYDCP		 (Playschemes) 35,250 35,250 22,086
LBIslington - VCS 50,000 50,000 42,500
LBIslington - Small Change Big Impact 5,000 5,000 5,000
Octopus Communities - Stay Well Live Well 13,552 13,552 25,958
Young Londoners
Fund		 (Highbury Roundhouse) 4,978 4,978 14,737
HMRC -Job Retention Scheme 5,044 5,044 56,140
Mayor of London's Greener City Fund 10,882 10,882 17,096
CAF Resilience Fund Phase 2 90,686 90,686 19,608
Paddington
Development		 Trust - EQUIP 16,920 16,920 1,880
Trust for London 15,000 15,000
Sports England - This Girl Can 6,941 6,941
Ambassadors
for Good		 5,075 5,075
London Youth
—Digital		 Talent 5,000 5,000
Local Initiatives
Fund		 1,000
London Communities Foundation 34,188
Manor Gardens Welfare Trust 3,514
Martin Lewis Coronavirus Support Fund 5,500
Cripplegate
Foundation
The Grocers Charitable		 Trust 5,000
5,000
National
Lottery Community		 Fund 9ggg
Tesco Bags of Help 1,166
322,174 5,044 327,218 360,235
Staff costs
2022f 2021
Salaries and wages 232,420 205,246
Social security costs 14,780 12,297
Pension costs 4,035 4,000
Other staffing costs 8,221 5,380
259,456 226,923
Consisting
of:
Charitable
project staff		 costs 243,816 211,923
Charitable
governance		 staff costs (Note 7) 15,640 15,000
259,456 226,923
The average weekly number ofemployees
during		 the year was 14.
No employee
received		 emoluments ofmore than f60,000 per annum.
Premises costs
2022f 2021
Cleaning,
maintenance,		 health and safety, repairs 19,220 14,362
Insurance 4,084 3,624
Light and heat 4,029 2,272
Business rates and water rates 10,193 10,064
Depreciation
of buildings		 10,043 10,047
47,569 40,369

Activities cost s
2022 2021
Hire of premises 10,300
Management
and supervision		 ofprolects 12,851 8,136
Event fees, outings, art and craft materials etc 18,204
Office equipment, materials, printing, stationery &postaqe 1,707 2,782
Travel, volunteer, activities, food hub, project equipment and sundry expenses 63,860 33,726
Telephone,
internet		 and website 1,341 1,057
Equipment
hire and		 maintenance 1,616 1,616
ITdevelopment, mamtenance and support 2,065 2,481
Tutors' costs 56,352 39,838
139,792 118,140
6 Other costs
2022f 2021f
Bank charges 192 138
Subscriptions 247 109
Consultancy
fees		 4,655 2,737
5,094 2,984
7. Governance
costs
2022f 2021
Saladies and wages (Note 3) 15,640 15,000
Independent
Examiner's fee		 3,400 3,400
Telephone 169 176
Other expenses 12 21
19,221 18,597

Net incomin g
resources f		 or the year
2022 2021
f E
This is stated after charging'.
Depreciation (Note 11) 10,043 10,047
Independent Examiner's fee: (Note 7) 3,400 3,400

Freehold Freehold land Equipment Equipment
and bugdings and fittings Total
6 6
Cost
At 1 April 2021 502,299 70,699 572,998
At 31 March 2022 502,299 70,699 572,998
Depreciation
At 1 April 2021 200,172 70,699 270,871
Charge for the year 10,043 10,043
At 31 March 2022 210,215 70,699 280,914
Net book value
At 31 March 2022 292,084 292,064
At31March 2021 302,127 302,127
The market value offreehold land and buildings is significantly more than the carrying value and has been estimated by the
trustees
to be over F1m.
12. Debtors
2022f 2021
5
Prepayments and accrued income 1,182 2,672
Other debtors 25,906 19,188
27,088 21,860
13. Creditors: amounts falling due within one year
2022f 2021
Taxation
and		 social security 5,288 5,387
Deferred
income		 4,400 1,914
Other creditors 21,775 8,311
Accruals 3,655 3,706
Loan (secured) 35,000 35,000
70,118 54,318

Analys is
of net assets between
funds
Restricted Unrestricted Total funds
furtde fultds
6 6
Fixed assets 292,084 292,084
Current assets 146,086 354,264 500,350
Current liabilities (35,000) (35,118) (70,118)
403,170 319,146 722,316

Freehold
land		 Freehold
land		 Equipment
end buildings
f.		 and fittings
f.		 Totalf
Cost
At 1 April 2021 502,299 70,699 572,998
At 31 March 2022 502,299 70,699 572,998
Depreciation
At 1 April 2021 200,172 70,699 270,871
Charge for the year 10,043 10,043
At 31 March 2022 210,215 70,699 280,914
Net book value
At 31 March 2022 292,084 292,084
At 31March 2021 302,127 302 127
The market value of freehold land and buildings is significantly more than the carrying value
and		 has been estimated by the
trustees to be aver f1m.

Debtors
2022f 202f
Prepayments and accrued mcome 1,182 2,672
Other debtors 25,906 19,188
27,088 21,860
Creditors: amounts falling due within one year
2022f 202ff
Taxation and social securily 5,288 5,387
Deferred income 4,400 1,914
Other creditors 21,775 8,311
Accruals 3,655 3,706
Loan (secured) 35,000 35,000
70,118 54,318

Restricted unrestricted Total funds
fuiids funds
f f
Fixed assets 292,084 292,084
Current assets 146,086 354,264 500,350
Current liabilities (35,000) (35,118) (70,118)
403,170 319,146 722,316

Operating
lease commitments
As at 31 March 2022 the company has total future commitments under non-cancellable operating leases as follows:
2C22 2022
f
Not later than one year 1,566 1,408
Later than one year and not later than five years 1,602 3,168
3,168 4,576

Transfers
Incoming octgoing between At 31 March
At 1 Aprit 2021
f		 resourcesf I'scout'ces
f		 fends 2022f
Restricted funds
Building
Fund		 267,126 (10,043) 257,083
Salaries Fund 50,000 (50,000)
Children
Fund		 13,572 75,550 (127,853) 38,731
Youth Club Fund 9,798 10,828 (16,805) 3,821
Roof Renovation Fund 284 (284)
Womens'
Fitness		 Fund 680 6,941 (2,810) (389) 4,422
Stay Well Live Fund 13,126 13,552 (21,681) 4,997
Greening
Highbury		 Quadrant Fund 21,197 (16,305) 4,892
Blue House Club Fund 4,500 (2,188) 2,312
Food Hub Fund 31,084 34,960 (12,632) 53,412
Winter Wellness Fund 11,500 (7,898) 1,880 5,482
21st Century Skills Fund 1,905 127,606 (62,762) 66,749
Equipment
Fund		 384 (384)
342,459 352,134 (330,977) 39,554 403,170
Unrestricted
funds
General funds 229,535 208,123 (125,395) (39,554) 272,709
Designated
funds:
Building Maintenance Fund 26,437 26,437
Staff Redundancy and Sickness Fund 10,000 10,000
Staff Training Fund 5,000 5,000
Equipment Fund 5,000 5,000
275,972 208,123 (125,395) (39,554) 319,146
Total funds 618,431 560,257 (456,372) 722,316