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2024-03-31-accounts

Highburyvale BlackstockTrust Elizabeth House Community Centre Annual Report and Financial Statements 31 March 2024 Elizabeth House Community Centre 2 Hurlock Street, London N5 1 ED Company No. 2849848 Charity No. 1029704

HIGHBURYVALE BLACKSTOCK TRUST Trustees, Report Forthe Year Ended 31 March 2024 The trustees present their report and 8ccounts of the charityforthe year ended 31 March 2024. They have complied with the duty to have due regard to guidance issued bythe Charity Commission. LEGAL AND ADMINISTRATIVE INFORMATION Charity name: Highbury Vale Blackstock Trust (also known as "Elizabeth House") Charity registration number: 1029704 Company registration number: 2849848 Registered off ice and operations address Elizabeth House. 2 Hurlock Street, London N5 1 ED Trustees {Directors) Chair Carol Glover {until 22 November 2023) Garry Luxford (from 22 November 2023) Treasurer Garry Luxford Ashley Hodges (retired November 2023) Jeremy Corbyn MP Mary Dakin (retired November 2023) Valerie Bossman-Quarshie Lee-Anne Richardson-Pring Rui Avelar Silva (retired March 2024) Lucilia Falsarella Pereira Carol Glover Jon8than Gore (appointed March 2024) Centre Director (Chlef Executive) Nathalie Renaud Independent Examiner Harry Nicolaou Of Harry Nicolaou & Co Limited Chartered Accountants 21 Brendon Way, Enfield, EN12LF Bankers CAF Bank Limited PO Box 289, West Malling, Kent ME19 4TA

HIGHBURY VALE BLACKSTOCK TRUST Trustees, Report For the Year Ended 31 March 2024 Messa9e frorn tke Cknir This report will 8gain illustrate how Highbury Vale Blackstock Trust (HVBT), the charity managing Elizabeth House Community Centre, is dedicated to making our local are8 a better place to live for community members. Elizabeth House continues to focus on children and young people through childcare and youth provisions, ensuring they thrive and have safe spaces to play, learn and connect with others in their community. But our services have exp8nded over the past 5 years. They are planned and delivered to also support local residents experiencing poverty. isolation. mental and physical health issues, including older people, people who are new to our local community, and families working hard through a cost of living crisis. We pride ourselves in having a wide offer of support and wellbeing activities for all age groups, and thankful to our partners and other community groups for making our programme richer. th This year marked Highbury Vale Blackstock Trust's 30 anniversary. Elizabeth House was saved as a community centre by local residents and personalities. who founded the ch8rity so it could continue to be a community asset for generations to come. As an organisation, we work hard with our partners, local groups and residents to connect people together and change lives. I was appointed as Chair in November 2023, and I look forward to work with other trustees and the team to strengthen our work and bring more positive change for the local community. Special thanks to Carol Glover, my predecessor, who gave many years to HVBT. I would like also to thank my fellow trustees, our colleagues and volunteersfortheir hard work and commitment to make Elizabeth House and our community a better place for all. Garry Luxford, Chair Messa9e from tke ExecL4tive Director Having been in postfor 8years, I can testifyto how much the organisation has achieved again this year, but also how much we h8ve learned. It has been an honourtowork with this ever-changing community, and I was excited to be celebratingthe 30th anniversaryof the charity HVBTfounded by local residents and activists to Save Elizabeth House. 30 years on, the organisation has grown in size and reputation, working with many more people, offering more activities and services, building and supporting its local community.18m very proud of our services and how adaptable we are as an organisation. But there is so much more we could do- some of which was identified through a recent independent governance review to be more representative, to reach more underserved residents and groups, and create more connections across differences. Our physical space is starting to feel too sm811 for all the big ideas we have to build 8 stronger community that can connect and change things, but we have our big local 8re8 to grow intol People's involvement and the communitywe are based in are wh8t make us stronger, better and more relevant as an organisation. I would 8lso like to thank our great and growing team, the trustees and the many amazing volunteers- 811 working hard to make Elizabeth House and the locaL area a better place to grow up, live, study and work in. Nathalie Renaud. Executive Director

HIGHBURYVALE BLACKSTOCKTRUST Trustees, Report For the Year Ended 31 March 2024 STRUCTURE. GOVERNANCE AND MANAGEMENT Governing document The organisation is a charitable company limited byguarantee, incorporated on 2 September 1993 and registered as a charity on 6 December 1993. The company was established under a Memorandum of Association which defined the objects and powers of the charitable company. It is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1. Recrultment and appolntment of trustees The directors of the company are also charity trustees for the purposes of charity law. The trustees have developed a policy for the recruitment of trustees that ensures their collective experience, and skills are best able to meet the needs of the charity. New Trustees are appointed by Board members. Potential candidates for the Board of Trustees receive a briefing pack about the roles and responsibilities of a Trustee and have the opportunity to attend a Board meeting and visit Elizabeth House to understand itswork before offeringthemselves for appointment. Trustees are invited to meet senior staff members and visit as many activities or projects as they are able to once they are elected. Organisational Structure and Governance The Board of Trustees is responsible for overall strategy and management ofthe organisation. The day- to-day management of the charity, including staff and financial matters, is delegated to the Centre Director, who is supported by a Deputy Centre Manager, Administrator, Operations Officer, Community Coordinators and Senior Youth Worker. Other employed staff and volunteers fulfil other roles in the organisation. The Centre Director has the function of Chief Executive Officer, reporting directly to the Board. The Board of Trustees meets approximatelyeverythree months at Elizabeth House. This year, Trustees met four times, including the AGM. Meetings were well attended, and trustees have continued to take an active role in supporting the staff team. Risk Assessment The Trustees periodically undertake a review of the major risks to which the ch8rity is exposed. Each year when considering the operating budget and strategic plan, the Trustees review the associated organisational risks. The senior management te8m also review operational systems and procedures and service area risk assessments to manage risks that are in place. We review and update our risk assessments, business continuity and emergency contingency plans annually.

HIGHBURY VALE BLACKSTOCKTRUST Trustees. Report For the Year Ended 31 March 2024 Our visio The Charity's vision is foreveryone inthe localcommunityaround Elizabeth House Community Centre to have a better quality of life through access and participation in key activities, whilst building cohesion, and a stronger and more resilient local community. Owr rnission Highbury Vale 8lackstockTrust is a charity dedicated to: Providing inclusive and flexible services for families. children and young people, as well as the wider community. Delivering a meaningful and positive influence on the local community. contribute to improving people's quality of life and provide practical support. Meeting the needs of the local community. especially people with high needs or who 8re underserved. OL4r vrtlmes Collaboratlve- we work in partnership with like-minded organisations who share the same goals to sep4e the local community. Incluslve- community members come first in everything we do. Respect- all people making up our diverse community and team have unique qualities, abilities. needs 8nd experience. Flexlble- we aspire to work flexibly to adapt to changing needs within the community. Through our community-based approach - acting as a community 'anchor'_ we build trust and bring people together so that we can connect residents to practical support and opportunities. Over the next year, the charity will be working on a new strategic plan for Elizabeth House and we will be updating our mission, vision and values. Following years of growth in terms of our team, our services and our impact, it istime to rethinkwhere we wantto be as a communityorganisation in 3 to 5 years so we can optimise our space, our offer, as well as develop our skills and ensure that we focus on what is the most important for our community. "You won'tfind a more REAL community centre than this. Other places, people don't really listen. This is 8 really real one, not in name only." he food hub helps us a lot as it provides fresh food and my sons can have vitamins. It is a great help because we lack money and can't go the supermarket to buy whatwe want. Mentally l am relaxed when I come here because there is something I can take home, I feel less stressed. Hopefully one day I can help people like you help people. It is so important to me to be in the community helping people. It makes you feel useful.

HIGHBURY VALE BLACKSTOCK TRUST Trustees, Report Forthe Year Ended 31 March 2024 c0rnrrt￿n1ty dctivities fdcts impd4Ct At Elizabeth House, we have worked hard to keep our programme of activities and support relevant, inclusive and diverse for as many local residents as possible to access. The Food Hub Through a weekly Monday Meals seniice and Food Hub. we support community members from our local area, with cooked meals and essentialfood and household items. In 2023-24, we have continued to support residents: 370 individual members received regularfood support via the Food Hub. 158 households from our local area had access to food and other items, as well as support services and signposting. Over 100 children were among the families receivingfood support in 12 months. 4,000+ food parcels were distributed in 12 months, with an average of £35 worth of food. 800+ cooked meals were distributed to Food Hub members and other residents. Over 40 volunteers gave 1.700+ hours in 12 months to deliver our food provision. 'Thanks for this place is all I Can sayl This is wh8t helps me stay alive. There're veggies I haven't had forye8rs l...) It's 8mazing.I It's made a real difference. I recover better when I'm not worrying about where food will come from." "It's notjust the staff and volunteers, it's all the other people you meet here, they're so nice and help each other out. It'sjust a lovely place. I've always been treated so well here. I can be a bit unsteady on my feet. I put it down to age. Someone helps and sees me home afterwards. Last time young Elliot W81ked me home. Carried the bags." Community Services Elizabeth House offers 8 rich programme of activities and support services for the local community, including a Women's Group, women-only sports sessions, access to nature activities, a weekly lunch club for over 50's and a Winter Wellness programme to share health and support information with residents aged 65+ This programme is delivered by our Community Team and activities are co-produced with our members. Activities include health and wellbeing workshops. arts and craft, gardening, social eating, speakers on 8 range of topics. referrals to statutory setvices and signposting to other community activities, music and multi-cultural therapy. Our team is multi-disciplinary and works with many local partners to support as many people as possible, working together to connect people, improve their wellbeing and quality of life. Over this year, Elizabeth House has directly reached, supported and delivered:

HIGHBURY VALE BLACKSTOCK TRUST Trustees, Report For the Year Ended 31 March 2024 4 community events attended by 350 residents for social eating and building connections. 100+ local women aged 16 to 73 participated in fitness. Zumba and self-defence sessions. 60+ older people benefited from free ch8iryoga weekly sessions. 70+ members are registered with the Blue House Club, with on average 23 people per week. 34 women are active members of the Women's Group founded in 2020, with a weekly average participation of 12. 697 residents aged 65+ were contacted across Islington and Camden during winter months. 144 were referred for additional support, through 600 hours of calls and outreach by our te8m. 10 local residents referred for interculturaltherapy with Nafsiyat. Countless residents referred to other agencies for legal advice. housing support, migration assistance, benefits information, health Se￿ices. 3 green spaces managed by Elizabeth House and local residents, with weekly group activities. 116 residents are members of the Nature Gardens to help and enjoy the beautiful spaces. Over 50 babies and 60 new carers or parents have enjoyed baby massage sessions. I heard about it from 8 wom8n on the bus. This is the BEST centre. Everybodythat comes here is caring and sharing. I've been about to pass out, the people in the Food Hub made sure I got some water and something to eat. Someone actually drove me home! You know when you know somebody, and you pick up that something's not right. What I've got is Elizabeth House. Being able to be on the Wh8tsApp, to share things there. Wonderful, wonderful women. This group is absolutelv awesome." "I was supposed to be leavTng, but I got Into it and ended up staying to the end. I was feeling a bit down before but after the singing I feel a lot better. It lifts your Spirits doesn't it?" .1 moved onto the estate in 2019 and joined the community gardening group in 2020. My involvement in the group has made me feel connected to my community and defines my sense of 'home' as being more th8n the four walls of my flat. The joy of working in the gardens is not about personal gain, rather sharing a common interest and intent to make something beautiful, to enrich the immediate environment in which we live. However, it is impossible to overlook the sense of peace and comfort I find working within the group, digging, planting, sharing our experiences and learning together 8s part of 8 team. I absolutely love working in the community garden spaces. It is very import8nt to me.

HIGHBURYVALE BLACKSTOCKTRUST Trustees, Report For the Year Ended 31 March 2024 Childcare Services Elizabeth House is 8 safe and welcoming space for children and young people. We pride ourselves for having continuously provided aff ordable childcare to working families for over 20 years, building a reputation as a reliable and special space for children after school and during school holidays. Despite locaigovernment's subsidy reducing substantially in 2023, we have been able to continue our provision, keeping fees affordable and offering some free places to underserved f8milies (mainly with the support ofthe Holidayand Food programme). Children built lastingfriendships at Elizabeth House, learn important social skills and, more importantly, have the opportunity to play and make friends in their community, supported by our team of PI8WNorkers. This year, we have sustained our attendance numbers and continued to support many local families through a range of activities: 122 individual children attended the After School Club, with an average attendance of 49 children per session. 32 children were eligible for a free place, concession rate or have Special Educ8tional Needs 8nd Disabilities (SEND). 61 children benefited from our after-school enrichment 8CtNities. such as cooking, boxing, coding and dance. 254 children attended our Holiday Playscheme (11 weeks). Over 50 children had free places through the Holiday and Food programme. 31 children had SEND. Elizabeth House is simply fantastic. They provide a safe, fun, caring environment for so many local children. It's priced incredibly competitively 8t a time while childcare costs are soaring. The team are so wonderful and I feel so lucky to have this on our doorstep for after school and holiday provisions. My son absolutely loves it there. "I can't recommend Elizabeth House enough. It is an absolute lifesaver for school holiday childcare cover. We have no family in the UKwhich makes childcare very hard for working parents. Elizabeth house is so affordable but most of all my son loves going there. It's got such a community atmosphere and the staff are wonderful. I wish they had more funding but they do the best with what they have. They are an asset to the community." My children have Educational Health Care Plans and have been using Elizabeth House foryears. They love it. The staff are caring and really ensure they can access aLL activities.

HIGHBURY VALE BLACKSTOCKTRUST Trustees, Report For the Year Ended 31 March 2024 Youth Provision Despite huge challenges in securing funding to keep our Youth Club opened over the past 10 years, the charity and its Board have always prioritised its youth provision and invested its own funds to offer a safe, supportive and fun foryoung people aged 11 to 18. Some children transition naturally from our childcare provision into Youth Club members, but our success is in reaching outto local young people from least advantaged families. Our Youth Club is complemented by our partner PPCP'S IT and employment programme for young people aged 16+. 21CS off ers ITtr8ining leadingto recognised qualifications, furthertraining and jobs. Youth Club members, Food Hub members and other local residents can enrolforfree tojoin in-person and online training with PPCP mentors. Our youth provision has kept its average attendance at 24 young people per session. but has grown in quality with more opportunities for outings and residential weekends for Youth Club members. Its impact shows in the following: 3 qualified Youth Workers 90% of Youth Club members were form under-resourced families 30% of members were from families seeking 8sylum in the UK. 650h are from minoritised background. An estimated 40% were eligible for free school meals 8nd 25% had SEND. 2 regular Youth Club members were home schooled. 21 CS is based at Elizabeth House since 2018, developed and delivered by PPCP mentors. 137 students enrolled since April 2023. 46 students gained T qu81ifications. 13 graduates secured an ITjob or apprenticeship. 94% were from minoritised b8ckgrounds. 250h were not in education, employment or training when they enrolled. "I love the youth club and the youth workers. It's like anotherfamily because now l am so far away from my relatives and all myfriends back home. The hotel room where we live is so small, and we can't cook or do anything. At Elizabeth House. we can cook, eat together, play and run. I need itl•v

HIGHBURYVALE BLACKSTOCKTRUST Trustees, Report For the Year Ended 31 March 2024 Overview of Our cornmunity dctivities redck Our impact is evidenced by the large and growing number of people we reach. Our footfall this year was stable at 40,000 over 12 months and over 5,000 individual people accessing activities and services, receiving support, enjoying our community meals andlor p8rtiCiP8ting in our events. Elizabeth House is also a space for groups to run classes, share skills and provide wellbeing activities. As a community organisation, we welcome grassroot organisations, newly Launched or well- established groups, as long as theyoffer somethingforthe local communitythat help connect people, improve personal development or physical and mental wellbeing. We also value groups offering different activities which we can't deliver as an organisation. We always endeavour to connect our services with the activities of others and provide support to promote or launch 8 new. Aeroblcs class- a very dynamic and friendly class open to all every Monday. After School Club- delivered by Elizabeth House, we offer an affordable out of school childcare service for working parents for primary school children. Baby massage group- a Bright Start-led weekly group everyTuesday morning. Baby In baby out- baby massage 8nd relaxation class every Wednesday. Ballet classes- a range of weekly classes on Monday and Thursday for pre-school aged children. Blue House CLub- over 50's lunch club with chairyoga classes and social activities open to all every Wednesday. Connectlons & Conversatlon8- an English conversation group to improve language skills and connect people. Communlty Cholr- open to all and offered by World Harmony Orchestra everyThursday evening. Community Yoga- a weeklywellbeing class. everyTuesday morning. Enrichment clubs for children- daily after school activities including cooking, coding and boxing. Food Hub- provision of food and essential items to local residents and families every week. Holiday Playscheme- a popular holiday provision for children aged 4 to 14, 11 weeks peryear. ITtraining and employability programme- run by our partner PPCP foryoung people to gain qualifications and secure employment in the IT sector. Kuk Sool Won - a popular Korean martial art class for children and adults everyThursday evening. Multiply Maths Skills- a weekly maths class for adults with Capital City College Training. Nafsiyat Multicultural Therapy- an outreach project to offer multilingual counselling. 10

HIGHBURY VALE BLACKSTOCK TRUST Trustees. Report For the Year Ended 31 March 2024 Reading Groups- 2 weekly reading groups everywednesday. Self-defence and MMA- a weekly class on Thursday mornings forwomen only. Sports SchooL- multi sports sessions for chil(Jren aged 2-11 years. every Saturday. Swlng D8n¢e- a weekly energetic dance class to make you swing, every Tuesday evening. Tiny Time- creative and communty minded music sessions for 0-3 years old every week. Women only fitness classes- delivered by qualified coaches, free weekly sessions for all abilities. World Harmony Orchestra- offers pay what you can music lessons for the community on Friday. Youth club- open to all young people age 11 to 18 years old, held on Monday and Friday evenings. Zumba- 8 free weekly class forwomen and girls everyTuesday evening. In addition, Elizabeth House has been hosting other community groups running training sessions or classes or needing a space for regular meetings. There is 8 regular church group on Sundays using our main hall and many residents from Islington and neighbouring boroughs hire our sp8ces for their private events. We also support Ioc81 tenants, associations and other community groups by providing them space free of charge when needed. FL4twre Plans We have many plans for 2024-25 starting with implementing recommendations from an independent governance review, includingthe recruitment of newtrusteeswho are all local residents and with skills and lived experience to fully represent our community. We are proud to be 8 community organisation led by local residents. Elizabeth House is 8t an exciting stage of its existence. The ch8rity has some resenies to invest in its capacity, and develop newways of workingwith the viewto support more residents and deliver better outcomes for everyone. Our Board, te8m. volunteers and regular members will be involved in developing a new strategic plan for 2025-28, guiding the charityto focus on key priorities. Partnerships and collaborations with other communityorganisations, groups and local authorities will remain central to how we work and look at how we can achieve more and focus on the quality of our programmes, while contributing to wider community cohesion and resilience. Community organising will continue to be at the heart of how we engage with local residents and other groups to make our programme more relevant and impactful. Another priority will be to bring back some colours and freshness to our much-loved community space. Planned refurbishments will be carried out in stages to avoid major disruptions to our seNices. Finally, we will endeavour to engage with our whole community, seeking support from more funders, groups, partners and growingour Friends of Elizabeth House groupto sustainvital community services such as the Food Hub and wider food provision, but also new initi8tives led by Local people.

HIGHBURY VALE BLACKSTOCK TRUST Trustees, Report For the Year Ended 31 March 2024 4¥ Findncial Review Income received in the ye8r reduced slightly from £634,947 to £630,631. Expenditure decreased by nearly 120h from £615.859 to £544.008. The net movement in funds for 2024 was an influx of £86,623 (2023 £19,088). Looking forward, the Ch8rity will continue to make income generation a priority to ensure more projects are implemented as well as a larger surplus in future years. The Trustees also expect attendance and activities to continue to increase as the organisation's communication and fundraising plans are implemented. The total funds carried forw8rd in 2024 are £828,027 (2023 £741,404). Cash reserves of the Trust are £607,37312023 £509,467). This represents over 12 months of expenditure (2023 10 months). Reserves The trustees are aware ofthe need to maintain unrestricted general reserves, currently £320,145 (2023 £295,326). Further the Trustees are mindful of the uncertainty of Local Authority and grant funding on which the Trust is currently dependent to deliver services, so reserves are being maintained at a relatively high level to ensure continuity of services to the local community. The Trustees are conscious of the need to have unrestricted designated funds for building maintenance (£84,921), staffing (£15,000), staff training (£10,000), and equipment (£10,000). The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to comp8nies subjectto the small companies regime. Approved by the trustees on . 7.....Q.i.&c)6£ ....h.2 Y and signed on their behalf by: Garry Luxford Chair 12

HIGHBURY VALE BLACKSTOCKTRUST Trustees, Report For the Year Ended 31 March 2024 Tknnk YOMI We could not do it without our funders, partners, individual donors, volunteers, advisers, hirers who support Elizabeth House to deliver a rich community programme. We are very grateful to so many individuals we can't name here. but you should knowwho you arel In no particular order, we want to thank: Our trustees Little Angels Nursery Islington Sports House of Hodge Jack Petchey Foundation Islington Council's Partnerships Team Help on Your Doorstep Islington Giving The Cripplegate Foundation The Big Alliance Camden Council Ourteam Our amazing volunteers Our community chefs Our physical activities coaches Islington Council St James Trust Trust for London London Youth The National Lottery's Cost of Living Fund Peoples Place Community Partnerships The Felix Project City Harvest Bright Start Bright Lives Islington Food Partnership Nafsiyat Arsenal Councillors Voluntary Action Islington Islington Faiths Forum Migrants Org8nise H8ckney Gillespie Primary School Ambler Primary School Age UK Islington Access to Sports M8de in Hackney SHINE, Islington WISH+ Camden Highbury Councillors Highbury Quadrant Tenants and Residents Association Urban Forest Tribe Blackstock Management Organisation HeadleyTrust Natwest Foundation Big Ide8s Company Mayor of London World Harmony Orchestra The Woodbine Octopus Communities and 8ll ourfellow Community Centres in Islington GoodGym Islington Whitebrothers Greengrocers Sport England NHS North London Forensic Seniice Stubbers Adventure Centre Se8sons and BLossoms Contact Impro Dance James Edwards Property Finks cafe To volunteer, start a new community group or for more information, please email info@elizabeth- house.org.ukor call us on 020 7690 1300. Photo credits: Tara Rudd ( roject. Mayor of London) 13

Independent Examiner's report to the trustees of High bury Vale Blackstock Trust

I report on the accounts of the company for the year ended 31 March 2024 set out on pages 12 to 23.

Respective responsibilities of trustees and examiner

The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

Basis of independent examiner's statement

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention to indicate that:

Harry Nicolaou FCA

Of Harry Nicolaou and Co Limited Chartered Accountants 21 Brendon Way Enfield EN1 2LF

8 October 2024

14

HIGHBURY VALE BLACKSTOCK TRUST Statement of Financial Activities (including Income and Expenditure Account) For the Year Ended 31 March 2024 2024 Tolal 2023 R￿tr1d•d nds VN•stri¢t•O Ivnds Noqe INCOME FROM: Donalions and legacies Chantable activitses. Grants After Sctr￿ a￿> WbC( 24.588 1.631 55219 57. 294.979 324.979 88.973 310.953 88.973 54.T23 49,￿1 8,374 12, 22.503 74, 792 43. 145 15.496 22. 49.￿7 8.374 12.5(Kl 29.4 6.987 Inveslments" Bank inlerest 6.572 6,572 2.4 TOTAL INCOME 326.554 304.077 630,631 634.947 EXPENDtfuRE ON: Raising funos Chantable activitss Slaff costs 2.& 275.642 Is.5￿) 126.987 .570 49.297 13.732 312.212 64.827 140.719 4.677 21.573 52.827 244.399 2.434 19.T63 Acti￿lIeS costs Ottw costs 21.573 TOTAL EXPENDITURE 419.482 124.526 615.859 Nellexpen(SlufeV income fof the year (91928} 179.551 19.088 T￿$fe[S betsveen furKIs 16 131248 (1312481 Net movement in ff￿d5 38.320 48.303 19.088 Reconciliation of funds Tctsl furnls br￿t f(¥w*d 349.641 391.763 741.404 T22.316 Tolal funds carried fO￿ard 16 387.961 440.066 828.027 741,404 15

HIGHBURY VALE BLACKSTOCK TRUST Balance Sheet For the Year Ended 31 March 2024 As * 31 Mwch 2024 Note 2024 2023 Fixed assets 11 271.￿) 2f2.037 271.99) 2K2,037 Current ass•ts 12 26.240 607.3n 24,6XI 509.467 To￿1 cwrent asselg 633,613 534.iYJ7 Credrtors: *An(xmts falling Wilhin > 13 (77.576) (74, T￿) 556.037 459.367 T￿•1 •ssd• less cwrenl liabililies and n•1 asg•15 14 828.027 741,404 The ftmds of th• charrty: Restricled funds 387.961 349.641 Unregtrlctsd 5nc(xne funds: 3X).145 119.921 96.437 391. 763 16 828.027 741.404 16

HIGHBURYVALE BLACKSTOCKTRUST Statement of Cash Flows For the Year Ended 31 March 2024 2024 2023 Cash flow from operating aclivities Net surplus kn the year Inlerest recaved Dewecllkn d lawble fixed assets {Increaseydecrease in debt(xs Increasel(decrease> in c(edrt 86.623 (6.572> 10.047 (1.610) 19.088 (2,4(X)) 10.047 2,458 4.612 Net &ish flow from operaling activities 91.334 33,￿5 Cash flow fr(*n investing activilies PaynEnts to acquwe tan9ble fixed assets 6.572 Nel cash flow from investing aclivities 6.572 2.400 Net lncfth￿e in cash and cash equivalents 97.906 36,205 Cash aKI cash eqiAvalents at 1 Awil 2023 9)9.4671 473.262 Cash and cash equivalenls ai 31 March 2024 607.373 9,467 17

HIGHBURYVALE BLACKSTOCKTRUST Notes to the Accounts For the Year Ended 31 March 2024 Accounting Policies Basis ol acCo￿ting ReF(Mbry S&y)dard ar￿.¢￿)1e in tr¢ UK Rerthhc d IrdaThJ IFRS 1021 (effec￿ 1 W151. tr¢ fiwKial Repm St3￿¥¥d the LK Rewc fl IrelJwJ IFRS 10?) a￿1 Ihe Ad IneoTh* rev￿lI10n Expenditure recO￿lth)n F￿d aeeounling Govemance costs Fixed asset$ DeExeciabcm 1$ FY(Mded at rales CalC￿ated Io TAYrte cll ihe ¢￿1 of each ￿et. less its ests'm&ed res#1￿ v¥ue, Ther the useful e¢c¢thic hfe ol asset as fdkm.. Biildir 33.33% (m cost Debtors CredilorB Operating lease• of tre ￿aSe. Penslon Costs 18

HIGHBURY VALE BLACKSTOCK TRUST Notes to the Accounts For the Year Ended 31 March 2024 LB15try 16. &717 44.115 13.IXXJ 16,311 42.159 8.717 44.115 13.319 27. 10.1ry) 5. ICLI 10.7n 10.1 5.Ir 10.rn 61.Krfl 750 12.5 10.(AN) 4115 ID.fxxi 4.815 F R￿11￿￿+ Fw¥l Phase 2 *816 19,& Z667 24979 324.979 310.953 2W.727 277.434 18.394 19.070 5.433 4,929 15.584 8,115 330.138 XV.$18 311212 17.92¢ 16.015 330.138 8.518 28.140 18.175 5,643 ' 10.eJ29 10.017 10.166 10,017 SZ827 19

HIGHBURY VALE BLACKSTOCK TRUST Notes to the Accounts For the Year Ended 31 March 2024 tiviiie8 costs 12XL) 1.737 21450 2239 1119,445 835 1,616 370 107,4H 928 943 45.887 Tutus. ts￿ts 140.719 161 1,028 1.245 3.405 4677 2434 &)Vern￿¢< co8ts Salariés waps 3) 17.920 16,015 49 21.sn 19, 763 TransacliMs with I￿stee• Nel incoming resources lor the year INc*e 111 10.047 10.017 10. Taxation 20

HIGHBURY VALE BLACKSTOCK TRUST Notes to the Accounts For the Year Ended 31 March 2024 11. iW3J23 Pa 31 Ilx¢h 2024 At I 2023 23)2e2 70.OG9 10.017 2W.961 10.047 pa31M￿21 230.>J9 70.699 IIA 31 Ilx¢h 2021 271.9x1 271.990 At 31 2023 28Z037 551 24.079 7.>31 19.1358 13,465 2Z 143 74.7 1& I￿aty$1$ of net assets belween IIMKIS 271.9G 150.971 (35.CW 271.gKI .013 177.576> 481642 1415n) 317.961 440.066 828.027 21

HIGHBURY VALE BLACKSTOCK TRUST Notes to the Accounts For the Year Ended 31 March 2024 9,627 *1 I Ip• 2•23 247.0 (10.rA7} .LW {S0.C￿l 1.832 117fr.243 8.191 (11.929 11028 131248 Ffftj 9.4Y) 5.712 9.870 15.0721 140.3091 18.418) Fc¢d Fw Wwrter Fw 2151 C•nbJy Sld15 Fw 49.315 1.830 M.GEQ n233 1491 3J15 5.151 li￿) (7￿> (e1.LWI 12.3451 io 7x1 01.LKQ COL Fw &0 Vc4wrt•er 4.815 15171 349.641 324551 1419.4 131241 JIT￿1 2fy5.326 >)1.077 (118.0101 (1012481 320.145 61.437 15.CLKI 10.c 10.C 10.510) 849 15.OLII 10.0 aff Tr•M¥ FWKJ 391.76> 1124526) 113124 741.W 630.631 15111 22

HIGHBURYVALE BLACKSTOCKTRUST Notes to the Accounts For the Year Ended 31 March 2024 16. continued Details of restrlcted funds The Buildings Fund represents the cost and improvement of Elizabeth House less loan and accumu18ted depreciation. The Children's Fund is to provide activities for children and childcare during term time and school holidays. The Youth Club Fund is to provide free. youth-led activities for 11+. Women's Fitness Fund is to offer physical activities for local women who are inactive or not accessing other exercise classes. Our aim isto create a welcomingwomen-onlyspacefor social. mentaland physical wellbeing. 21 st Century Skills Fund was set up in partnership with PPCP to provide IT training and work experience to disadvantaged young people118+) to secure jobs in the IT sector. The Summer Skills and Digit81 Talent Funds are linked to the same programme. Food Hub Fund is to support residents affected by food insecurity, the Covid pandemic and the cost of living crisis. The Food Hub is a coop that provides weeklyfood boxes to registered residents, as well as a soci81 hub to support local connections and facilitate access to other services and activities. Greening Highbury Quadrant Fund is to provide access lo nature activities for local residents and develop unused green space into thrivinggreen areas on a local housing estate, while supporting local biodiversity. Warm Spaces and Warm Places Fund is to offer activities. meals and warm space during winter months for our local community. Community Events Fund provides r8s0urces for inclusive, soci81 community events at Elizabeth House and in the wider community to create deeper connections between local people. Cost of Living Fund was to cover essential community activities and staffing costs during winter 2023-24, such as the Food Hub and our Warm Space related activities, including the over SO'S lunch club and community meals. Connections and Conversations Fund was launched to provide a safe space for people to meet and improve their English skills. Winter Wellness Fund was launched in January 2022 with fundingfrom Islington Council to provide information and support to older residents in Islington and Camden during winter months Holloway Mural Fund was raised by Ioc81 residents to create a mural on Holloway Road. Funds are retained for future maintenance of the mural. 17. Pension costs The charity participates in defined contribution workplace pension arrangements for members of staff. The employer contribution rate is 3% and the cosl for the year was £5.433 (2023 £4,929}. There was no outstanding amount atthe year end. 23