# ## |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|