Company No. 2849848 Charity No. 1029704 Highbury Vale Blackstock Trust Elizabeth House Annual Report and Financial Statements For the year ended 31 March 2023 Elizabeth House Community Centre 2 Hurlock Street London N5 IED
Highbury Vale Blackstock Trust Trustees. Report Forthe Ye8r Ended 31 March 2023 The trustees present their report and ai<ounts Df thE charity for the year èndÈd 31 Mèrch 2023. They have complled wit the duty to have due regard to gUanCe issued by the Charity Commi551Dn. LEGAL AND ADMINISTRATIVE INFORMATION Ch8rlty name.. HiEhbury Vale Black5tock Trust (also known as 'Ellzabeth House I Charity reglstration nutnber.. 1029704 Company registrètlon number 2849848 Aeglstered office and ope¥Btions addre55 EIiz8beth House. 2 Hurlock Street. London N5 IED Trustee5 (Directorsl Chair Carol Glover TreasuTei Garry Luxford Ashley Hodges Jeremy Ctirbyn MP Mary Dakln Vèlerie Bossman-Quafshie Lee-Anne Richardson-Pring Rul Avelar (appointed Septembpr 20221 Lucilio F3153rella Perèira lappointed Dec 20221 Centrt Direaor Ichlef Executlvel Nathalie Renaud IndepÈndent Examlner Harry NicolHou Of Harry Nicol6ou & Co Limlted Chartered Actountants 218rendon Way, Enfleld, ENI 2LF B3nker5 CAF Bank Llmlted PO Box 289, West Malllngi Kent ME19 4TA
Highbury Vale Blackstock Trust Trustees, Report For thÈYeai Ended 31 March 2023 Message from the Chalr 2022-23 has been another year of out5tsnding achievements and su£ces5es for Ellzabeth House Community Centre and HlÉhbury Vèle Bl8ckstock Trust. Despite relentless challenges placed on the organi5ation and the communityi including the C05t of Ilving crisls and Inflatlon leading to higher runnlngcosts and reduced fundlng opportunitie5, the charitycoDtinue5 to Erow from strength to strength. Thls year. Elizabeth House ha5 engaged wlth more people than ever. It has extended it5 offer as 8 communlty organlsatlon ensuring that it5 pfoErèmme is community orlented. relevant, affordable Ilree whenever p055iblel and Incluslve, and had a successful year securing income. Next year wlll mark the 30th anniversary of Hlghbury Vale Black5tock Trust, the charity founded to save ElliabÈth House a5 a community space Sn 1993. Our offer ha5 evolved over the years to meet derlland5 and locHI piiaritie5. always wlth the aim to serve those who need it the m05t. Children, young people and f8mllies have always been fundamental to the chaiittys strategic directlon. However, our SeiCe5 now 8150 prlorltise other aee eroups, including some of the rn05tvulnerable residents, and aim to address key i55ues forthe loial communlty such as social Isolation, food insecurityi physical 3nd mental wellbeing and employment. All contributing to make lives better for local residents. We want to keep thi5 report concise so you can appreciate the p051tive impact dÈllvered bythe essentlal serwlces, Initlatives and events we offered Bt Elizabeth House, with the support of many volunteer5 and donors. I hope you contlnue to flnd somethlng for you at Eliièbeth House and support our Community Centre. We are very grateful to1s1ington Councll and the StJames Trust for their5iEnificant, multl-annual flnancial support. Thank you to Trust for London, CAF Resilience Fund, London Youth, the National Lottery, thÈJvlia and Hans Rauslng Trust and lack Petchey Foundation for theirvital fundinÉ over the year. The Board also want5 to thank first-time funders 8nd the many Indlvidual donors, many who give regularly to our community activities and 5ervice5. A5 alway5,1 would like to thank our Stall and volunteers for thelr hard work and commitment, as well a5 rny fellow TTUStees for their time and invaluable skills that ensure Elizabeth House CommunSty Centre continues to be a thriving asset for rnany In our communlty. Carol Glover Chalr of the Board of Trustees
Highbury Vale Blackstock Trust Trustees, Report For the Year Ended 31 March 2023 Strurture, Governance and Management Governlng docvment The organisation Is è charitable company limitÈd by guarantee. incorporated on 2 Septetnber 1993 and registered as ch3rity on 6 December 1993. The cornp8ny wa5 establlshed under a Memorandvm ol A550ciation which deflned the objects and power5 of the charitable company. It IS EovernÉd under Its Artlcles of A550ciation. In the event of thÈ company belng wound up member5 are requlred to contribute an amount not exceedlnE £1. Recruitrnent and appolntment of trustee5 The directors of the company are also ch3rity trustees for the purposes of charity law. The trustees have developed a policy lor the recruitment of trustees that ensures their collectlve experlence and ski115 are best able to tneet the needs of the charity. New Tru5teÈs are appolnted by Board members. Potential candidate5 for the Board of Tru5tee5 receive a brieflng patk about the roles and responsibilitie5 of a Trustee and have the opportunity to Httend a Board meetlng and vi51t Elizab2th House to understand Its work before offering themselve5 for appointtnent. Trustees ère Invited to meet senior staff member5 and vi51t as many activitie5 or projects as they ère able to once they 3re elected. Orgènlsatlonol Stru¢lure and Governance The Board of Trustees is responslble for overall strHtegy and management of the organi54tion. The d3y-to-d8y management of the charityi including Staff and flnancial matters, 45 delegated to the Dlrector, who is 5UPPOrted by a Deputy Centre Manager, AdrNinistrHtor. Oper8tlons Officer, Community Coordinator and Senlor Youth Worker. Other employed staff and volunteer5 fulfil other role5 in the organi5ation. The Centre Director has the functlon of Chief Executive Officer, reporting dlrectly to the Board. The Board of Trustees meets approxirnately every three months at Eliiabeth Hou5È. Thls year, Trustees met four time5, Including the AGM. Meetlngs were well attended and trustees have continued to take an attive role In supportlng the staff team. Rlsk Assessment The Trustees periodically undertake 8 revlew of the major ri5k5 to which the charlty Is exposed. Each year when considèrlng the operatSn8 budget and strategic plan, the Tru5tee5 review the a550clated organlsatlonal rlsks. The 5eDior management team also revlew operètional systems and procedures and service area rlsk assessments to manage risks that are in plate. We revlew and update our risk a55èssments, buslne55 continuity and etnergÈncy contlngency plans annually. Doc
Highbury Vale Blackstock Trust Trustee5' Report For the Year Ended 31 Mar¢h 2023 Our Vi510 The Ch3rity'5 vision Is for everyone In the local cornmunlty around Elizabeth House Communlty Centre to have a better quality ol life through access and participation in key services ènd 8Ctlvitle5, which build cohesion, a stronger and more resilient local community. Our misslon Highbury Vale BlackstockTru5t is a charity dedlcated to.. Providlng Incluslve and flexible services for famllles, children and young people, as well as the wider communlty. Deliverlng a meaningful and p051tive influence on the local comrTiunitYi tontribute to Improvlng people'5 quèlity of Ilfe and provide practic81 support. Meetin8 the needs of the Ioc31 comtnunity, especSally people with high Deed5 orwho are underserved. Through our comrnunity-based 8pproach- acting a5 a communlty'anchol- we build trust and brlng people together so that we can connect rÈsidents to practlcal 5UPPOrt and opportunltle5. Layla (her natllE Wa5 ¢hangedl Is an asylum seeker from the MlddlÈ East whoalrlved In the UKwilh her 2 teena8e She receives IU5t £24 a week from the governmentfor Ihe fami5y Df 3 ènd she is not allowed lo work whlle her the FoDd Hubas thi5 helps her improve her ETrgllsh and fflake5 her reidyto find workès soon a5 She isallowed lo. 11 thÈ YDUthClub. HerdauBhter lovoluntEer at the Food Hub a5 parl of herwDrk experlÈftce placementfor college. thatgelting tts know Eliiabeth House and the whole team helped rnake5her new life the UK somuch beiier. them èttend Ouf wornen's filne55 classes Our Communil¥Tearn hag been Working hard io make referfa15 and flnd
Highbury Vale Blackstock Trust Trustees, Rèport Forthe Year Ended 31 Marth Z023 Communlty 8ctlvlties (April 2022 to March 20231 At Elizabeth House. we endeavour to keep our pro8r8rDtne of activltles and 5UPPOrt varied and accesslble so a5 many local people a5 possible can benefit. The Food Hub supported 218 resldents wlth weekly food bags, Includlng childreni young and elderly people. Over 80 new residents registered with the Food Hub, and 3,805 food parcels were dlstrlbuted over 12 months. Thls Is only possible with thè hard work of more than 50 local volunteers who dedicated 2,800 hours to their communityl In February 2023, we launched thÈ Monday Meals service whlch wlll prepare and 5hHre 60 nutrltlous, veeetarian mea15 Wlth our communlty members each week. At Elizabeth House, we love community eventsl They3re excellent opportunltles to bring people together. connect about pressing i55ues over food, improve wellbeing and redutr 50cial i501ation. We were delighted to organlse 3 communltv feast5 at which more th8n 250 people pHrticlpated. The local greening Highbury Quadrant project wa5 developed through a partnership between1s1ington Councll and Octopus CommunltSes to provide accèss to natuie activities for local resSdent5, through a membershlp model and with w2eklv sesslons re8ching over 100 resldents, 5ncludiDg 25 thlldren. Every Wednesd8Y, the Blue House Club welcomes people for chair yoga, a 2-cour5e meal 3nd a range of post-lunch activities to get active, Spark people's Interest, stay Informed and relax. Over 50 people were registered and partlclpated regularlv. DurinE winter, itwÈs an Ideal'warm space, for older people and weekly average attendance increased to 30 people per session. Our'older people. offer was boosted through the second year of the Winter Wellness project commissloned by Islington and Camden Counclls. Our community team connected with and 5UPPOrted 550 council tenants aged 65+ provlding e55ential information ènd slgnposting to servlces and support locally. "One time you phon8 up and I actually 9el help. Anything where you're communicating wilh elderty peop18 likè m6, we're graleful. I'm very happy. Any lime there'5 a Grisls we ¢8n phone you up. I w88n'l oelling anywhere. I Ihlnk Il's a good idea I don't know who c8me up with itl I'm very grateful for what you're doing.. '.4rhewanderful apportunlly lorm• •nd feally appre&ate11, I feel hom 4nd iel&led In thi& ¢enire. I w88 •lruggling from menial he851h sue5. depresBIDn 8nd stre$888 wilh physical symptoms bul I oveicarne those by ¢¢mino to thi5 cenlT8 and meeting nice and Iriendly ..th hove made friend wilh my fellow garden&r$ a$ wall a8 resid8ni8 Ihal Ilve ne4T the gardens, coming oul lo talk aboulwhal we Are doing and offer their response8 8nd hBre 93rdening 1tone8.'
Highbury Vale Blackstock Trust Trustees, Report Forthe Yea¥ Ended 31 March 2023 Children's activitles and chlldcare servlces We launched after school enrichment activitie5 for local children so they can1È8rn and thrlve In their local Hrea. From coding to breakdancing, yoga to our super popular tooklng club, 95 Children have learned new skllls, met yourfriends and had fun term alterterm. These 8Ctlvities are not free. but our aSm15 to keep them inexpenslve so many children can bÈneflt from them. 97 l¢Jral famllles used our After School provlsion thls year, and 127 children aged 4 to 11 have attended our provlslon whlle their p3rent51carers workor study, S3dlyi we had to Increase our fee5 due to reduced fundlng from local governtnent. Familie5 desperately need to access affordable childcare and we worked hard to keÈp thls servlce golng despite many challenEes. We launched after school Ènrlthment activities for lotal children so they can lebrn and thrive their local area. Frorn codlng to breakdancing, yoga to our super popular cookln8 club, 95 children h3ve leHrned nÈw skllls. met your friends and had fun term afterterm. These activltles are not free, but our alm Is to keep them inexpenslve so many children can benefit from them. Our Holiday Playscheme provision is back to'pre-paridemic nurnbers. wlth up to 75 children 3Eed 4 to 13 attending per dav during school holidays. 280 rhildren took part over 11 week5, tnany returnlng holi(Say after holiday. Through the Lunch Bunch programme (Holiday and Food Programmel, we have offered many free places to vulnerable thildren. 38 children wlth speclal needs and 8 childrèn needlng one to one 511PPQrt joined the playscheme5 throughout the year. We are proud to be an incluslve provision, where all chlldren are supported to be able tololn In. We worked with a team of up to 17 Pl3yworkers. "As always the slaff are very nice, open and allenlive. l Èm happy l0188ve my d&ughleri the care ol slatt al Elizabelh Hous8 as Ihe Se1¢e is Second lo nonè. l am happy lh8 scheme is run by local people and the 8clivilie5 provided are exceptional. Our hou$ehold are big fan5 of ElizBbelh Housel" "The playscheme allowed tn8 to keep working during hall term and véas excellent value for money. My children really enjoyed Ihe days Ihey spenl there and asked me when Ihe nexl pl8ysch8me would be happening. Thèy loved the rall$, bouncy castle and ch8nt& lo meet olher children and make friènds. The staff are very welcoming Ile3rning Ihè children's natnes quickly) and enyaged.. I feel Ellzabelh houge19 • Vèry ¢cces5ible and Inclusive environfflenl which provides fun dnd Èducational love5 il Ih¢re.'
Highbury Vale Blackstock Trust Trustees, Report Forthe Year Ended 31 Marrh 2023 Youth activities and tralnlng Ellzabeth House has always been a 5pèce for young people. Ouropen-actess youth provislon ha5 grown this year with an average of 20 young pèople attendin8 one or both weekly 5ession5. The Youth Club counted 36 regular members aged 11 to 17159% 8re boy5 ènd 41% are girlsl. Actlvities are youth-led and, in July 2022, a group went on a residential weekend, a DI workshop wa5 delivered by professlon81 DJS and many other activlties were on offer so local young people can learn new skllls, relax and meet other5 in a safe 8nd Inclusive envlronment. Working tlosely wlth our pèrtner Peoples Place Community P8rtnershlp5, just over 100 students aged 16+ enrollÈd on their 21CS training and employment programme based at Elizabeth House. The small team of trainers and mentors ensured that Students learnèd essential IT skills and increase their employability. A total of 71 IT qualificatlons were passed. 31 young people gained expellence through work placement5 and 25'graduates' o121CS secured a better pèldlob in IT and 4 more 5tsrted an IT relatÈd apprenticeship. 88% are from backgrounds which are under-represented in thè IT sector and thi5 programme, now in Its 5th year, ha5 created an Incredible network of young professionals, ernployers, community organlsations which can offer more opportunities to the 21CS students. One of a kind e¥perience,11 doesn't gel any bellerl In less than 2 month51 have le3Mpd more leGhnical skllls Ihan in any olher workpl8ce selling Classe8 cater lo beginners lo adv8n¢ed. "The 1È8m are amazing, patient, The 21CS team are amazing, paent, skild. good 311 walks of lrfe needs and abilthesvery COnfider boostir¥J 8r moli¥atronal.° needs and 8bililies very confidence boosling and molivallon81.° l Ènjoy youlh club, il is 50TnÈwhtrre to go and meel p8ople have good lim8 tlc. l am a loolball player basketball and c8n praclice Some
Hlghbury Vale Bla¢kstock Trust Trustees, Report Fortheyear Ended 31 March 2023 Servi¢Ès and actlvltle5 In 2022-23 Our Impact is eviden by the large and 8rowin8 number of people we reach. Our footfall thi5 year increased to 42,000 over the 12 months119,000 in previou5 yÈarl, which demon5trate5 that our 8Ctlviries and service5 rneet needs and dem8nds of our local communlty. M8ny Ilve, study and/orwork within I to 2 mlles of Elizabeth House. IncludlnE local familie5 Using our popular chlldcare provislons, youn8 people Bnd oldÈr residents living close to the centre. For the Food Hub, we had to define è catchment area In 2021 which is approximately over a l-mile radiu5 around Elizabeth House. For some activitie51 people travelled from other parts of the borough and neighbourlng ones. Elizabeth House also offers a Space for other groups and individuals to use for theSr own activities, event5 and courses. SOMÈ groups have been operatlnE Ht Elizabeth House for many years, but new artivStles start each year. We arÈ careful that all services and actlvltles in the centre complement each other to offer a wide range of activities for the wider communltv. Here are the main attivltles on offer at Elizabeth House.. AÈroblcs £lass- a very dynamic and friendly class open to Hll every Mond8Y. After School Club- delivered by Elizabeth House, we offer an affordablè out of school childcare 5etvice forworklng parent5 for pritnary school children. Baby rnassagÈ group- a Brlght Start-led weekly group everyTuesday mornlnÉ. Uabyin babyout- baby mèssage and relaxation class every Wednesdav. Ballet cla55es- a range of weekly classes on Monday ènd Thursday for pre-school aged chlldren le House Club-ovÈr 5CYs lunch club with with chair yoga classes and social activlties open to èll every Wednesdav. Community Yoga- a weekly wellbeinE clèss, everyTuesd8y morning. Enrlchment clubs for chlldren- dally after school 3ctivltiÈs Including cooking, coding and breakdènce. Food Hub- provision of food and essential item5 to locèl residents and families every week. Hollday Play5chernè- a popular hollday provision for chlldren 8ge 4 to 14, 11 week5 per year. IT tralnlng and employabllity programme- run by our partner ppcp for young people to gain quallflcatlons and secure employment in the IT sector. Kuksool Mon- a popular Korean martial art class for children and adults every Thursday evening. Readlng Groups- 2 weekly reading groups every Wednesday. Sports School- multi sports 5ession5 for chlldren aged 2-11 years, every Saturday. Swing Dance- a weekly energetic dance class to make you swing, every Tuesday evenlng. Tlny Timè-creative and community minded muslc se55ioDs for 0-3 years old every Monday. Wizzie Wiizle CodlnE Club- a free and popular computer coding club for 8-14 year-olds on S4turdav. Women only fitness clèsses delivered by 8 quallfSed coache5, two free weekly sesslons free forall abilitie5. World Harmony Orchestra- olfers pay what you can music lessons for the community on Friday. Youth club- open to all young people ège 11 to 18 years old, led by young people themselves. held on Monday and Wednesday evening5. Zumba- a free weekly class for women and girls every Tuesday evening In addltion, Elizabeth Housè has been h05tlDE many other communlty groups for one-off or regu18r 8Ctlvlties. Manv residents from151iDgton and nelghbouring borough5 hlre our spaces for private event5. We also support local tenant5, 8ssocSation5 and other communlty eroups by providlng them space free of charge when needed.
Hlghbury Vale Bla¢kstock Trust Trustees, Report For the YÈar Ended 31 March 2023 Future plans Our community'ec05y5tem' Is growing and benefltlng more people and many Eroups. Elizabeth House is broadenlng Irs services- golng beyond the walls of our centre- 3nd Its tearyi's reach to ensure that we do not only offer access to group activities, but also create opportuniries which will be life changing for the people we work with. We refer to other servlces, work in collaboration with like-mlnded organisatiOn5 to Increase our impact, find solutlons for Individual and communlty Issues, engage wlth people who do not yet acce55 our servlces and have developed a stimulating proeramme that t8ters for people from O to 99. Our prlorlty for the coming flnancial year 15 to tontlnue to diversify our Income and to prioritlse fundraising so we tan sustaln our service5, as well as pilot 3nd dÈliver new ones adapting to and caringfor our local community. We will do all we can to keep our m05t popular servlces le.g. thildcare provision, wellbelne activities and Food Hub), but are fully aware that we need to Identify new ways of delivering some of these service5, whlle running cost5 continue to rise a5 well a5 challenge5 for many of our community rnembers. Through comrnunity organising (we ernploy 3 training Communlty OrEanisersl, our aim Is to find out what are the key i55ue5 affectlng people and flnd solutlons together to addre55 them. Our Community Team wlll continue to deliver a range of servlces for some of our most vulnerable neighbour5, Our Childc8re and Youth TeHtn wlll 8150 focu5 on providlng a safe and fun space for loc31 children and young people, so parent5 and carers c8n work, train or study, and young people learn 8nd Another priorlty for 2023-24 will be to recruit rnore community members with Ilved experience to joln the goard, and develop H new strategic plan for the Charity for 2024-27. Flnallyi our centre is used every day of the year, 7 days per week, The18St renovatlon was finali5ed In early 2018, nearly 6 ye3r5 agol Elizabeth House now needs some 3ttention ès soon as sufficient funds are raised for a general refurbishrnent. We look forward to worklnE wlth our long-term partners and new one5, including People5 Place Comrnijnlty Partnerships, Octopus Communities and IslinEton Councll, the many local resldents who volunteer at EIIz8beth House (you are essentialll, and our donors and supporters. i*
Hlghbury Vale BlackstockTrust Trustees, Report For the Year Ended 31 March 2023 Flnancial Review Income received in tho ye8r Incre8sed by over 13% from £560,257 to £634,947. Expenditure incre45ed by nearly 35% fror £456,372 to £615,859. The net movement in funds for 2023 was an Influx 01 £19,08812022 É103,8851. Looking forward, the Charlty will continue to make inctitne generallon 3 priority to ensure more proiects are implemented as well as a lar8er surplus future years. The Trustee5 a150 EXPECt attendance and èctivities to contlnue to increase 85 the or8anlsatlon's communlcatlon and fundraising plans are implementEd. The total funds carrie(f forward in 2023 are £741,40412022 É722,3161. Cash reseNes ol the Trust arè £509,46712022 £473,262). This represents over 10 rnonths of expenditure1202Z 12.4 rnonth51. Re5erye5 The trustees are aware of thÈ need to maintain unrestricted general reserves, currently £295,32612022 E272.7091. Further the Trustees are mindful ol the uncertalnty of Local Authority and grant fundlng on which the Trust 15 currently depend*nt to dellver sÈNlces so re5erve5 are bEing Tnaintained at a relatively high level to ensure continuity of SeiCe$ to the Ioc81 community. The Trustee5 are ionscious of the need tD have unrestricted de51gnated funds for bullding malntenance1£61,4371, stÈffin8 1£15,0001, 5t6ff trainin81£10,0001, and equipment If 10.O(K>I. The accoonts have been prepared in accordance with the provislons In Part 15 of the Companie5 Act 20{ applicable to eadcV- Carol Glover 10
Independent Examiner's report to the trustees of Highbury Vale Blackstock Trust I report on the accounts of the company for th¢ year ended 31 March 2023 sel out on pages 9 10 16. R6spe¢tlve responsibilltles of trustee8 and examiner Thè Irkjstees Iwho ao also the directors of the Company for the purposes of company lawl are responsible for the preparation of the accounts. The Iruslees consider Ihal an audit is not required for this year under section 144(21 of the Charities Act 2011 Ilhe 2011 Acll and that an independent examination is ne8ded. Having satisfied myself that th¢ charity is not subject lo audit under Company law and is eligible for independent examinaliori, Il is my responsibility lo.. examine the accounts under section 145 of the 2011 Act., lo follow Ihe procedures laid down in the general Directions given by the Charity Commission under section 14515llbl of the 2011 Ael., and lo slate whether particular mallers have come lo my allenlion. Basls of Ind?pendent èxamlngr's statement My examination was Carried out in accordance wllh the general Directions given by the Charity Cornmission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounls presented with those records. 11 also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as Iruslees concerning any such mallers. The procedures undertaken do not provide all Ihe evidence that would be required in an audit and consequonlly no opinion is given as lo whether the accounts prosenl a 'lrue and fair view, and the report is limited lo those mallers set out in the slalemenl below. Independent examlner's statement In connection with my examination, no mallef has come lo my allenlion lo indicale Ihal.. accounting records have not been kept in accordance with section 386 of the Cornpanies Act 2006., the accounts do not accoid with such iecords.. where accounts are pr&paTed on an accruals basis, whether they fail lo comply with ielevanl accounting requirements under section 396 of the Companies Act 2006, or are nol consislenl with the Charities SORP IFRS1021', any maller which the examiner believes should be drawn lo the allenlion of the reader lo gain a proper understanding of the accounts. ¥kJ Harry Nicolaou FCA Of Harry Nicolaou and Co Limited Chartered Accountan15 21 Brendon Way Enlield EN12LF 21 Sep.temb.er.2Q.23.........
Highbury Vale Blackstock Trust Statement of Financlal Activities (includlng Income and Expendituro Account) For the Year Ended 31 March 2023 2023 Total fund5 2022 Tol81 lunds Re8tfi¢tgd funds Unrestrlcted Note INCOME FROM: Donations and legacies Charitable aclivilies.. Grants Afler School Club Income Playschemes Income Users hire ol premises Projecl hire of premisès Managemènt and supervision ol projecls Other income 24.983 32,077 s7.(0 58.311 310,953 310,953 59,668 74,792 43,145 15,496 22,450 48.983 327,218 45,800 37,829 42,806 8, 710 12,851 26,219 59,668 74,792 43.145 15,496 22.450 31,300 17,683 Inve51menls'. Bank interest 2,400 2,400 513 TOTAL INCOME 353,619 281,328 634,947 56Q,257 EXPENDITURE ON.. Raising funds Chari18ble activities Staff costs Premises costs Aelivilies costs Other Gosls Governance costs 2903 2,903 880 249,016 18,126 244,3 1,370 1,013 44,517 34,701 293,533 52,827 244.399 2,434 19,763 243,816 41,569 139, 792 5,C>94 19,221 1.064 18,750 TOTAL EXPENDITURE 513,924 101,935 615,869 456,372 Nellèxpendlturoll Income for th year 1160,3051 179,393 19,088 103,885 Transfers between funds 106,776 1106,7761 Net movèment in funds 153,529 72.617 19,088 103,885 Reconciliation of funds Total funds brought forward 403,170 319,146 722,318 618,431 Totsl funds carried forward 16 349,641 39q,763 741.404 722,316 Net income for the year also comprises thé nèl income lor the year lor Cotnpanies Acl purposes. 12
Highbury Vale Blackstock Trust Balance Sheet Company No. 2849848 As at 31 Pllarch 2023 Note 2023 2Q22 Fixed assets Tanglble assets 282,037 292.084 Totsl fixed assets 282,037 292,Q84 Current assets Debtor8 Cash al bank and in hand 12 24,630 509,467 27,088 473,262 Total current assets 534,097 500,350 Creditor8: Amounts falling dug wlthin one year 174,7301 (70, 118) Net Currènt assots 459,367 430,232 Total assets less current liabilltles and net assets 14 741 A04 722,316 The funds of the charity: Rèstrlctad funds 349.641 403, 17Q Unrestricted income funds: General funds Designated funds 295,326 96.437 391,783 272,709 46,437 379, 146 Totsl charity fund# 741,404 722.316 The directors are satisfied that (he company is enlilled lo exemption liom the requirement lo obtain an audit under 8èelion 477 of the Companies Act 2006 and that members have not required the company lo obtain an audit in accordance with section 476 of the Acl. The directors acknowledge their rèsponsibilitie5 for oomplying with the requirements of the Companies Act 2006 with respect lo accounting records and the preparation ol accounts. The 8ccounts have beèn prap2red in accordance with the provisions in Part 15 of the Companies Act 2006 appliGable to companiÉs subject to the srnall companies regime. Approved by the direclof8 On And signed on th&ir behalf by.. Csro Chair Glover 13
Highbury Vale Blackstock Trust ststement of Cash Flows As at 31 March 2023 2023 2022 Cash flow from operatlng activities Nel surplus for the year lTrleresl received Depreciation ol tsngible lixed a8s6Is Ilncreaselldècrease in debtors Increaselldecreasel in creditors 19,088 {2,4001 10.047 2.458 4,612 703,885 (513) 7Q,043 15,228) 15,800 Net cash flow from operatlng activities 33,805 123,987 Cash flow from investing a¢tlvltle$ Payments lo acquire tangible fixed assets Inleiesl received 2,400 513 Net cash flow from Investing activities 2,400 513 Net increa¥a In cash and cash equivalents 36,205 124,500 Cash and cash equivalents al 1 April 2022 473.262 348, 762 Ca$h and cash Èqulvalents at 31 March 2023 509,467 473,262 14
Hlghbury Vale Blackstock Trust Notes to the Accounts For the Year End•d J1 March 2023 Accounting Pollcies Basls of aeoountlng The accoun15 Ih'nancial slalementl have been prepared in accoidance with Accounting and Reporting by Chari1188'. statemenl of Recommended Practice ap1¢able lo chaiilies preparing their accounts In accordance wth the Financial Reporting Standard applicable in the UK and Républic ol Ireland IFRS 102112ffectlve 1 January 20151, iho Financial Reporting Standard applicable in the UK and Republic ol Ire12nd IFRS 1021 anc£ the Companies Act 20(. The Charity constitutes a public benefit entity a8 defined by FRS 1D2. Tho accounts have been prepared on a going concern bas15 as the trustees believe that no rnalerial uncertaintiès exist. The trustees have considered the level ol funds held and the expected level ol income and expenditure for twelve months Irotn aulhorising these accounts ancl have decided th81 the charity Is able to continue as 8 golng concern. Income r¢cognltion All income is recognised once the charity ha5 enlillement to the incomo, there is sulliaent certainty of recéipt and so it is probable that the incorne will be received, and the arnount of income receivable can b¢ measured reliably. ExpenditL¢ra recognitlon Expenditur8 18 recognised once there is a legal or constructive obligation to make a payrn8nl lo a third party, it 18 piobable that a seitlement bè required and the 8mounl Df the obligation can be measured reliably. Expenditure is acCn(ed lor exdusive of VAT. Fund accounting Re5tiicted funds are grants, donations and other incoming resources which aro lo be used for specific purpos85 85 laid dowr) by the donor. Expendilure which meet5 these criteria is charged to the fund. Designated funds are unreslrictert funds earmarked by th8 tILlSteès lor particular purposes, Unrostiicted funds are granls, donations and other incotning resources reIvaNe for the objects ol the charity without further specified puipose and a available as general funds. Govèrnance costs Goveinance costs include those costs associated wlh meeting the con81itutional and statutory requirernents ol charity and include costs linked to the slr8legic management of the charity. Fixed assets Fixed assets are slated at cost lèss accumulated dgpreci31ion. Items cif equiprnent and lilti4)gs are capitalised there the purchase price gxceeds £300. Depreciatiori is provided al rates c81culaled to wiite oll the cost of each asset, less its e81imaled residual value, over the useful economic life ol th8t 88S&t as follows.. Buildings Equipment and h'ttings 2.10 on cosl 33.33¥¢ on cost Debtors Trade 8nd other deblors are recognised al the settlement 8mount due after any trade discount5 offered. Prepayments are valued St the amount prepaid after taking awount of any trade discounts due Credltors Creditors and provisions are fecogni8eiJ where tre charity has a pre88nt oNigalion resulting frorn 8 P8sI event that will probably rosull in the transler of funds to a third party and the amount due to setlle the oblig81ion can be measured or estitnaled reliably. Creditors and provisions 8re normally recognised al their settleme1 amount after allowng for any trade discounts due. Operatlng lea$•s Rentals payable under operating le8ses are charged to the Slalement ol Financial Acliviti&s as Incurred over the term ol the loasè. Pensltsn costs The costs ol the defined contribution 8rr8ngements are charged lo the SOFA as incurred. 15
Highbury Vale Blackstock Trust Notos to the Accounts For tho Ytrar Ended 31 March 2023 Grants T#1 Total RésldctBd Unr¢Etrkled 2023 2022 Jack Petchey Foundallon Sl James'8 Trust London BofOU9h ILBI of Islington LB Islin Jion- EYDCP (After SGhool Clubl LB Islinglon EYDCP IP12yscheme51 LB Islingion VCS LB Islinglon Stnall Change Big lrnpact Oclopu5 GomMunilies- Stay Well Lht6 Well CAF ResiliellGe Fund Phase 2 P8ddiDgion Development Trust IEQUIPI Trust lor Londo London Youth Fed8181ion (Digltal Talentl Local Initiativ&$ Fund Cripplegal8 Foundstiofi lsllngton Food Fvnd The Julia and Hans R8using TIu5t Young London8rs Fund (Highbury Roundhous81 MRC- Job Rèlenlion Scheme Mayor of London's Green8r City fund Sport5 Englènd This Girl Cgn Amba8S2dors for Good 2,380 25.000 13,000 16.311 42,159 50,000 5,000 13,319 36,816 19,800 27,500 29,000 6,001 2,667 22,000 2,380 25,000 13,000 16,311 42,159 50,000 5,000 13,319 36,B16 19.800 27,500 29.OVO 6,OOt 2,667 22.000 850 25,000 21,740 15,300 55,250 50.QOO 5,000 73.552 90,686 16,920 t5,000 5,000 4.978 5,044 10,882 6,941 5,OT5 310,953 310.953 327,218 Stsff ¢osts 2025 2022 Salaries and waoes Sooial security costs Pension cost8 Other 51affing cos15 277.434 19,070 4,929 B,115 232,420 14.780 4.035 8,221 309,548 259.456 Consistiftg gf.. Charitable projecl staff costs Charitable governanc& sl8lf costs (Nole 71 293,533 16,015 243.816 15,640 309.546 259.456 The averg9e weekly number ofemployees duiing th& year was 14.5 No employ8e received ernolumenls of more Ihan £60,000 p&1 8nnum. Premisés costs 2023 2022 Gleaning, maintenance, h88llh and saf81y. repalis Insur8nce Light and heal Busine55 ialÈs and watBr rates Depreciation of buildlngs 18,f75 5,643 8,796 10,166 10.(M7 19.220 4,084 4.029 10, 193 10,043 52,827 47.569
Highbury Vale Blackstock Trust Notes to the Accounts For the Year Ended 31 March 2023 Aetlvltles costs 2023 2022 Management 2nd supervision ol projects OffiGe eouipmenl, mateiials, printing. slallonery & poslaqe Travel, volunleer. project aclivilie5. food hub, prqacl equipmenl and sundry expenses Telèphone, inlernel snd website Equipmenl hire and maintenance IT devtslopmenl, maintenance and support Tulors, casts 22,450 2,239 109,445 83S 1,816 370 107.444 12.851 1, 707 63,860 1,341 1,616 2.065 56,352 244,399 139.792 Other costs 2029 2022 Bank Ghaiges Subs¢flplions Consullafjcy fe¥$ 192 247 4,655 1,028 t.245 2,434 5.094 Governan¢¢ costs 2023 2022 Salari&s and wages (Note 31 IndepEndent Examinels fee Tel6p*one Other expense5 16,015 3,500 44 204 15,640 3.400 169 12 19,763 19.2?f Transactlons wlth tnjstees No remuneration was paid lo Ihe tw$18es In their role as IrusleE durlng the year and no expenses were ieimbursed lo them. The IruslEe5 logelhÈr with Ihelr farnily members have no beneficial inleresl eilhef diieclly or indirectly In any contract ol the charity- Net Incomlng resources for the year 2022 2022 This is stated after charginy.. Depreclatior Independent EKaminel$ f&è'. (Nots 111 INote 71 10,047 3,500 10,043 3,400 10. Taxation The charity has no corporation tax ligbilily because income from ils acilvit18s is in pursu8nGe of ils ¢harltsbl8 objectives and all incoma is appld for ch8rilabb purposes.
Highbury Vale Blackstock Trust Note8 to the Accounts For the Year Ended 31 Mar¢h 2023 1fj. Tan9lble flxed assets Freeho]d lan E4ulpmènt Cost Al l April 2022 502,299 70.699 572,996 At 31 March 2023 502,299 70,69 572,99B Dèpreclation Al 1 April 2022 Char9e for Ihe year 210,215 10,047 70,699 28D,914 10,047 At 31 Marth 2023 220,262 70.699 290,961 Net book valtJÈ At 31 March 2023 282,037 2B2,037 AI 31 LIBrch 2022 292,084 292,084 Th6 market value of freehold 18nd and bulWlngs is significantly mere than Ihe carrying value afjd has been 8slimaled by th8 Iiuslee$ 10 be over £1m. 12. D8btor8 2023 2022 Prepayments and accru Income Olh8r doblors 551 24,079 1.182 25,906 24,630 27,088 13. Credllors.. amounts falllng due wlthln one year 2028 2L22 Taxation and soual 5ecurily Deferred Incom8 Other creditors A¢crual$ Loan Isecuredl 822 13.465 22.143 3,500 35.000 5,288 4,400 21,775 3.655 55,000 74,730 70,118 The loan is interest frèe and $&cur8d by a charge over the land building5 DÈleried Income comprises grarls and Otr income received in advaace of the peiiod to which they are inlended. 14. Analy518 of net assets between fund$ Reslrlcted fund5 Unre51rlcted lunds Tutal fund? Fixed asseis Currenl assels 282.037 102,604 135,0001 282,037 534,097 174,7301 431,493 139,7301 349,641 391,763 741A04
Highbury Vale Blackstock Trust Not8s to th& Accounts For the Year Ended 31 March 2023 1S. Operating lea$e commitments As at 31 March 2023 the company ha5 lolal future commilmenl$ under nOn-cancellab operating lease$ as follows.. 2023 2Q22 Not later than one ye2r Later than one yEar and Dol later than five years 1,566 36 1,566 1.602 1,602 3. 168 stattment of funds Incomln9 19sourC+g otst9olng betwe?n ftrnds AlJ1 202J Restrlctfyd funds Building Fund Salaries Funtl Childran Fund Youth Club Fund Womens, Fitness Fun S18y Well Liv& Well Fund Greening Highbury avadianl Fund Blue Hous8 Club Fund Food Hub Fund Winter Wellness Fund 21st Century Skill$ Fund Equipment Fund Community Events Fund Holloway Mural Warrn Space$ Fun 257,083 110.0471 50,000 150,OODI 83,009 1189.1841 19.880 It4,2511 910 14.1231 9,832 114,9281 2,308 15,4371 12.8161 52,032 136,1571 11,500 115.1461 113.116 1167,9621 1491 247,036 106,175 3,821 4,422 4,997 4,892 2,312 53,412 5,482 66,749 9,460 1,209 297 1,763 304 69,267 1,836 11,90J 1491 960 1,105 5,161 1.641 4,105 5.466 13,0001 13351 403,170 353,619 1513,9241 106,776 349,641 Unrestrlcteil fiFnd$ Genèral lund8 Desigated funtls.. Building maintenan Fund Staff Redundancy and Sicknèss Fund Staff Trainin9 Fund Equlpmenl Fund 272,709 281,328 1151.93S1 1106,7761 29S,326 26,437 10,000 5,000 5,000 35,000 5.000 5,000 5,000 61 h37 15,000 10,000 10,000 319,146 331,328 1151.9351 1106,7761 391,763 Totsl funds 722,316 884,947 1665,8591 741,404 19
Highbury Vale Blackstock Trust Notes to the Accounts For thè Year Ended 31 Mar¢h 2023 16 conlinued Delalls of restrf£ted fund$ The Buildlng8 Fund repre5eiits the cosl and implovemenl of Eli2ab&lh Hou8e less loan accumulated dapreciation. The Children's Fund Is lo provide activities for children and childcare duiirlg term Ilm8 and school holKlay$. The Youth Club Fnd is lo provide fr8e, youlh-led activit$ for 11*. Stay Well Livg Well Fund.. Working wilh Odopus Communilies and Islifigton-based Community Hub5. w8 provlde ¢ommunity activities ew&nts promotin9 health 8nd lIb&In9. supporting resldenls aff8ct8d by food insecurity, sodal l$olalion and health issue5. Womens, Fltness Fund is lo offar paysal&G11ViIleS for local women who ale iDaGlwe or not acca881ng other exercise c18sse8. Oui aim is lo ¢real8 s welcoming wom8n-only space for social. rnenlal and physical wellbeing 21st Century Skill$ Fund was sel up partnership wllh PPCP lo provide IT Iraining and work experience lo disadvantaged young peopl6118+1 Io S&Gure job5 in th8 IT sector. 81ue Mouse Clyb Fund cornprises of our over SS'S wsllbeing aclivilies. including g8ntle exerce. a lunch club and social events Food Hub Fund is 10 8UPPOrt residell15 affecled by food inse¢urlty. the Covid pandemic and the Gvst of Ilving crisis. The Food Hub is a coop Ihal provides w88kly food boxe910 18gisler8d resid8nls, as well as a Soclal hub to support local connections and f8Gililale acc8ss lo other se[Vi5 and aclivilies. Greening Hlghbury Quadrant Fund 1$ lo provide acce5S to nature activlll&8 fei kncal residents and develop unuse(S green space into thriving grean 3tea$ on a IotrAI housing estate. while supporting Ioc81 bkidivergily. WinterWellnes8 Fund was launGhed in January 2022 with funding frorn Islington Counal lo provide Information and support ID older r8sidents in Islingl¢n 2nd Camden during months 17. Pen¥lon c08ts Th& charity participal85 in defln8d contiibulion workplace penslon arrangemen15 for members of staff. The employer contribution raiè is 3% and the Cost foi the &r was £4,929 12022 £4,035). There w85 no out5tsndlng amount 8t the year end. 20