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: 

- examine the accounts under section 145 of the 2011 Act; 

- to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and 

- to state whether particular matters have come to my attention. 

## **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: 

- accounting records have not been kept in accordance with section 386 of the Companies Act 2006; 

- the accounts do not accord with such records; 

- where accounts are prepared on an accruals basis, whether they fail to comply with relevant accounting requirements under section 396 of the Companies Act 2006, or are not consistent with the Charities SORP (FRS102); 

- any matter which the examiner believes should be drawn to the attention of the reader to gain a proper understanding of the accounts. 

## 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