HIGHBURY ROUNDHOUSE ASSOCIATION LIMITED
(A company limited by guarantee)
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
Charity Number: 288370
Company NuD)ber: 1759460
*A8J7ZIIE•
1911212022
COMPANIÉS HOUSE
A13
#1

HIGHBifRY ROUNDHOUSE ASSOCIATION LIMrrED
(A COMPANY LIMrrED BY GUARANfEE)
INDEX TO FINANCIAL STATEMEIYTS
YEAR EIYDED 31 MARCH 2022
Contettts
P2ge
Report of the Trnstees
Independent Auditors. Report
Statem¢nt of Financial Activities
16
Balance Sh¢et
17
Stsiement of Cash Flows
18
Notes to the Financial Statement5
19-29

HIGHBURY ROiJNDHOUSE ASSOCIATION LIMfTED
(A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES
YEAR ENDED 31 TrtARCH 2022
The trustees are pleased to present their annual directOTS' Teport togetheT with the financial statements of the
charity, which ￿ also prepar¢d to me¢t th¢ requirements ftlr a directors. report and accounts for Companies
Act purposes.
The financial stsl¢m¢nts comply with the Charities Act 2011. the Companies Act 2006, the Memorandum and
Articles of Association and Accounting and Reporting by Charities.. Statement of Recommended Pr&ctice
Applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable
in the UK and Republic of Ireland (Charities SORP (FRS 102)). (effective 1st January 2019)
The Highbury Roundhouse was fornjed to provide, maintain and develop a rang¢ of social, educational and
recreational opportunities for people living and working in Highbury and the surrounding area. In particular, we
provide a youth club for young p¢opl¢ betw¢en the ages of I I to 19. We also provide pensioners, clubs for older
people,. activities for under-five's. extended s¢hcM)I seryices, after school clubs and support various userlself-
help groups.
By the provision of the above. we aim to enhance and develop the inhabitants, physical, m¢ntal and moral
capacity, so they are able to contribute positively io society and the￿by. improve their quality of life. Our aims
fully r¢fle¢l the purpose that the organisation was set up to further and has regard to the Charity Commission's
guidance on public benefrt.
The organisation is grateful for th¢ ¢fforts of its volunte¢rs who work an av¢rnge twenty-five hour5 per week,
for fify weeks, in different areas of our work. It is estimated that over 1.250 volunteer hours were provided
during the year. If this is conservatively valued at £13.86 an hour the volunteer efforts amount to £17,325.
Ther¢ has been no Change in the poli¢i¢s adopted to a¢hiev¢ our charitable ObJ￿tIves.
STRATEGIC REPORT
The following statements form part of the company's strdtegic retMIrt
Achievements and performance
Financial review
Plans for futuff periods
ACHIEVEMENTS AND PERFORMANCE
We Currently use three different buildings to accommodate our groups and deliver some of our work and will
continue to do so. until we are able to move into our new building. We may continue to use some of the buildings
afier we have moved. unfortunately due to the COVID-19 pandemic. the buildings were Closed for part of th¢
year.
Covid- 19 Res onse
For the first part of the financial year, the UK still in lockdown. The restrictions w¢re lifted gradually ov¢r
a number of months. By October 2021 all of our Services had opened fully. Numbers in some projects h&ve
reduced. but we were ple&sed to have all our Services up and running again. Som¢ of our s¢rvi¢¢s such as.
Holiday playscheme5 and youth club continued. Throughout the year we worked continuously with Islington
Council to provide after school clubs and services for older people. Ensuring that we adhered to Government
guidelines at all time5. Fortunately. both Islington Council and the Government were very helpful. The support
mechanism introduced to assist Charities and other organisations was extremely helpful. The organisation was
able to access the Government furlou8h scheme. until it erbded in September 2021. This ensured that we did not
need to iwnplement any redundancies during the pandemic. Islin8ton Council continued to suppx)rt organisations

HIGHBURY ROUNDHOUSE ASSOCIATION LIMrrED
{A COMPANY LIMtTED BY GUARANfEE)
REPORT OF THE TRUSTEES
YEAR EIYDED 31 MARCH 2022
in the borough by continuing to pay their grants. This assistance was extremely helpful. as it meant that not all
our staff where furloughed and we were able to meet the full cost of staff holidays during the year. We also
continued to place staff on training and other courses. In additional to this, we had to incur the additional costs
of heating and to secure our new building. Funders also offered a helping hand and provided organisations with
additional funding. which Tneant that we were able to continue to meet other operational costs, such as light,
heat, telecommunications, loan ￿paYrnents and others. The year ended with m05t of our services ba¢k, some of
our users back and we now have an agreed plan to compl¢t¢ th¢ construction of our new building.
One of the unintended benefits of the COVID- 19 pandemic was to force the organisation to look at difterent
ways it could provide service5 and to advi)cate cost savings, it may not have considered before. We mentioned
in last year's report that we believed. that opportsnities will come from this terrible pandemic. We must learn
and take advantage of any lessons learnt. Lessons w¢re learnt and we have made some operational changes in
the way we deliver services and manage our core administrative functions. For example, we will continue to
us¢ Zoom and other models to hold meetings and some staff will continue to work from home, even when we
move into our new building. We will continue io evolve and learn. which should help us to better understsnd
and meet the needs of our cotnfflunity.
Durin8 the year we also implemented the following measures:
Our fundraising strategy r￿used on COVtD- 19 trusts and sources of additional help for charities.
Revised our budget during the year and monitored inwme and expenditure monthly.
Completed a review of costs.
Ensured that we adhered to th¢ Government guidelines and only opened when it was safr to do so.
Worked closely with Islington Council to ensure that our services and the premises that we use were safe.
R¢viewed our risk &ssessments and considered our Risk Management policy. for knth the new building
and our operation.
Ensured that our stsff received appropriate Personal Protective Equipment ￿PE) and training.
Enabled staff to work from home where rKissible.
We litnited access to our head office and ensured social distancing was adhered to at all times.
Accessed financial assistance from the Government and other sources where possible.
Reviewed our marketing and the use of multi-media tools
Created our first newsletter. which provided inforn)ation on what is happening and servi¢e5
We kept all our fees and ¢horges to ihe minimum
We ¢ncoura8ed staff where possible to undertake fvrther training
Ensuring that most projects keep within their allocated spend profile
New Communi
Buildin
under Constru¢tion
The building is due to be completed by the end of September 2022 and open in October. This final phase is
expected to cost around £145,000. which includes construction costs of the additional fire measures fees for the
proj¢¢t team. We are in negoiiations with funders for the balanct of the funds. W¢ have managed to secure a
furrher advance of £IOO,000 from CAF Bank. This will be added to the existing loan, we have with the Bank.
We will also need to r¢ctuiI additional staff and be prepared to meet the additional operntional costs of
maintaining the new building. We are actively promotlng the opening of the new community resource. this work
is being led by our Business Development Managerand others in our admin 5UPPOrt team. We would encourage
you all to come and see the new building and shar¢ your experience with a fri¢nd. There are a numbcr of things
you can do. frorn having an early Tnorning breakfast to a late lunch with friends and colleagues or participate in
the many activities we expect to deliver from the new building.

HIGHBiJRY ROUNDHOUSE ASSOCIATION LIMITED
(A COMPANY LITrLITED BY GUARANTEE)
REPORT OF THE TRUSTEES
YEAR ENDED 31 MARCH 2022
How and to whom our activilies deliver
ublic benefit and im
act
W¢ are pleased to report another successful year, even while dealing with the pandemic for the first six months
of the year. Our main activities have remained unchan8ed i.e., work with children. young people, older people
and families. We encourage members of BAME groups to access our services and work to ensure that our
service5 are accessible to all.
Services to older
We manage th¢ Soth¢by Mews Day C¢ntr¢ on behalf of Islin8ton Council. The centre provide5 meals and
activities to older people at subsidised rates. The project also provides a rdnge of activities and trips throughout
the year for members. Unfortunately. the project was closed for the first quarter of the year, but did provide
welfare checks on members. Services began to resume a5 the UK opened to ihe public. we started Se￿Ing meals
in June and by September we wer¢ delivering a full service again. W¢ on¢¢ again, w¢r¢ able to provide services.
su¢h as keep fit ¢1osses, musi¢ and moveTnenL film club, outings. and a memorable Christmas party, to make
up for the lost years. Some of th¢ activities were free, others required a small charge. Classes and group
attendance continue to rise. we ended the year. with numbers in attendance reminiscent of earlier yea￿.
We have drawn up an action plan. which w¢ h#v¢ already implemented and working with the members. We
also anticipate that th¢ n¢w building will be complete at the end of September 2022. We will need to consider
how we will deliver the service from the new buildin& if the Council decide to clos¢ Sotheby Mews. We are
happy to continue to deliver services from Sotheby Mews. as long as we are able to do so. If we are required to
mov¢ frotn thai location. we will do what w¢ ¢an to accommodate our users. Our newly appointed Business
D¥velupmeni Manager. will be tackling thi5 challenge with the Services Manager. The new space will offer
greater opportunitie5 for intergenerdtional activities for all ages.
nnual famil fvndrnisin
event
Due to the pandemic our annual Hall0v￿n event was wicelled again durin8 the y¢ar. W¢ expect to be able to
d¢liv¢r the event from on new building in October 2022. We will aim to make up for the loss of the past two
year5 and ensure 2022. is a spectscular event. We will also deliver a at least two further events during the year.
Under-five's Services
We have two projects that aim to deliver services to under-fives, our Childminders, project and Stay and Play
group. The aim of the service is to provide infomiation on how ¢hildmind¢rs and other practitioners can meet
the requirements of th¢ Early Yeor's Foundation Stage. Farly years. praciitioners are required by Ofsted to
implement the EYFS framework within their setting to plan activities and extend children's learning. The early
year's manager gives guidance to childminders and carers. about the importance of using "Birth to Three
Matters" frarTtework. how it 15 Used and how it can influence the outcotnes for the children in their care. Our
Stay & Play project has attracted a f¢w dads, who now attend the proj¢¢i on a r¢gular basis.
The proj¢cts aim to d¢Siv¢r a number of group activities during the year. with plenty of singin& storytelling and
circle time. We always aim to celebrdte culturdl events and this year the children created Chinese Illnterns. We
also encouraged parents to enrol on a free first aid course. organised by Islington Early Years and provide th¢
childminders with a calendar of training courses and other job opportunities.
Unfortunately. the group was closed for the first quarter of 202112022. due to the coronavirns pandemic. The
service re-opened, in June. in line with Govemment and Islington Council guidelines. The services continue to
be very popular. with new members registering. We will of ¢ourse provide you with more information on service
delivery in the 2022 annual report. We are also working on plan to deliver the service from our new community
building, the project most certainly has a bright future.

HtGHBURY ROIJNDHOUSE ASSOCIATION LIMITED
(A COMPANY LIKITED BY GUARANTEE)
REPORT OF THE TRUSTEES
YEAIi ENDED 31 MARCH 2022
Out of School Services
Highbury Roundhouse manages a number of after school and enrichment clubs across the borough for schools.
The clubs ar¢ subsidised by grants from Islington Council. The grants provid¢d by the Council ensure that the
service is affordable for parents. We achieve ihis by offering concessions to families on low incomes. The
classes can b¢ dan¢¢. drama, football, gymnastics, karate, boat Clubs. swimming and much more. We are able
to access additional funding to subsidise th¢ clubs fvrther, so that more children are able to access the classes.
We cu￿entlY work in partnership with four schools across the Borough. During 202112022. most of the clubs
were still closed, but did open fully in September 2021. During the year we supported over 800 children. this is
still a reduction on the earlier years. due to the COVID- 19 pandemic. For the first quarter our staff ratios were
high and numbers of ¢hildren attending low. due to the need to keep the children in bubbles. W¢ also offered a
number of free places to vulnerabl¢ families in ne¢d and w¢r¢ Able to apply for assistance to deliver the services
from Islington Council. which undetrwrote the deficits on the holiday provision. Staff development and training
of our extended schools. team. continued throughout the year.
Highbury Roundhouse also provides a number of playschemes. 600 children manag¢d to enjoy and access our
services over the holidays. We were able to access Council funding to provide concessions for families, we also
have a sibling rate, which is important when registerinE more than one child. The children are able to enjoy
many outdoor and indoor sports. such as.- f(x)tball games, bike-ridin& badminton. archery. circus skills.
Unfortunat¢ly) due to COVID - 19. the trips were cancelled for part of the year. The proj¢ct would normally
enjoy trtps to places such as= kayaking, trips to the seaside, trampoline. Islington Ecology Centre, London Ey¢,
London Transport Museum, horse riding at L¢¢ Valley. Parndis¢ Wildlife Park, and much more. We will be
wurking very closely with Islington Council. to deliver the service in post LOVID-19.
Youth Club
Due to COVID- 19. the building where we deliver our young club, was closed for part of the year. That did not
stop us from continuing to provide s¢rvic¢s to young people. We have b¢¢n able to support yout18 p¢ople, via
virtual and later in the year via a faCe-t￿fXce offer. which was resumed. We have reached out to over I l O young
people during the pandemic. We have guided those who needed our support with regular phone calls and welfare
checks. We have delivered outreach support ses5ion5 on doorsteps to the more vulnerable members of our
community ond engaged targeted youth agencies to help support young people through issu¢s such as
bereavement.
Mentoring and l= I Support
We continue to deliver our l.. I session on a weekly basis as it allows us io support YP on a personal level and
helps us understand their needs and int¢r¢st to be able ￿ plan proj¢cts that addresses local needs. Part of the l= I
support we use diagrarn and questionnaires that YP complete to enable us to achieve the above and lo map the
journey of a young person in our seThice to measure impact. It enables the youth workers to forni and build a
relationship to ensure we are having meaningful engagement with young people. Thts approach helps us to
provide a more targeted service to them.
Employability
We currently have an inhouse Mini l.T suite with 5 laptops purchased last year. This has enabled our more
vulnerable youn8 peopl¢ to acc¢ss the youth Club and use this r¢sourc¢ to work on their CV, assignments and
homework. We deliver CV workshops every other weeK howev¢r our young people know they can &sk for extra
help and guidance throughout their time with us.
One young person who attended our employability.. CV workshop has been hired at Bubbleology. We worked
with this young person to create hi5 CV and had 1=1 sessions to boost his confidence on how to Cotnpose oneself
in an interview.

HIGHBURY RoifNDHOUSE ASSOCIATION LIMrrED
(A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES
YEAR ENDED 31 MARCH 2022
Volunt¢¢rs: Duk¢ of Edinburgh awards
At the moment we have two volunteers from Highbury Fields school volunteering with us as part of their Duke
of Edinburgh awards. It is a privilege to be part of our young peoples. achievements. helping thetn achieve their
goals.
Keep Fit
Physi¢al health and well-bein& is part of our keep fit session. this allows young people to use this equipment
during the tern) opening hours. We have incorporated boxing with the pur¢hase of a blown-up pun¢hing bag.
The Stress Project
Offered by the Holloway Neighbourhood Group: The Stress Project therdpy group. they are currently delivering
a Mindfulness Course with our young people in partnership with Islington youth providers. As you may know.
iVlindfulne5S IS & technique that can help people break away from negative thought patt¢ms and help manage
anxiety, stress and depression. This coutse focuses on creatTve, and practical techniqu¢s that get young people
involv¢d in the pra¢ti¢e. We're keen to get more young peopl¢ inter¢st¢d in and using Mindfiilness to help
manage their own mental health.
Leap: Confronting Conflicts
Leap confronting conflicts are back again working in partnership with us for a fiv¢ weeks projec¢ this workshop
is designed to give young people the skills to effectively navigate conflict. It pmvides the tools to foster healthy
relationships. make FMlSitive decisions and inspire self_growth and confidence.
Trips & Events
After sume stressful time with Covid. we had the charftce to take our young people on a trip. We E4)oked the
"LondonTootbus" sightseeing tour- although local most of young people we work with are from a deprived
background who hav¢ nev¢r had the chance to explor¢ sights in their own city. This turned out to be a beautiful
day building a stronger relationship with them. while exploring the in¢r¢dibl¢ sights of London together.
Bronze Quality Mark
Highbury Roundhouse youth club has qualified for the BRONZE QUALITY MARK from London Youth.
The Quality Mark is a quality assurance framework providing our organisation with a badge of excellence. Ei
has been designed to establish a recognised level of quality across any grouplorganisation that 15 delivering
youth work. The London Youth Quality Mark achievement proves that our organisation is valuable &nd
indispensable part of the local community. It is a badge of recognition. which demonstrates our capacity to
engage with other grOup￿organIsatIonS to work in partnerships and to deliver services. More importantly, it
highlights that our young people service is UP-t(Hlate with its policies and procedures, meets legal requirements
and provides a Safe. welcorning environment for young people.
N¢w building opening- October
We are full of excttement forthe opening of the new building in early October. This will open many new avenues
for the youth club and will allow us to run a full-time programme for our young people.
User
ou
One of th¢ many ways that we work with local people is to assist users to provid¢ a range of services and
activities that are of interest to local people. This can be dance projects. kardte. pilates and special interest
groups. The organisation hires out the facilities. at reduced rates to assist groups. We often use core income
streams and fundraising to subsidise these ￿0Up$. We are always looking at ways of increasing our user groups
and happy to explore new ideas and projects thal will b¢nefit l(Kal people.

HIGHBURY ROitNDHOUSE ASSOCIATION LIMfTED
(A COMPANY LIhllTED BY GUARAIYTEE)
REPORT OF THE TRusfEES
YEAR ENDED 31 MARCH 2022
FINANCIAL REVIEW
The year ended 31 March 2022 was a difficult year. however the organisalion managed to produce and maitttain
a balanced budget. This was noi without di￿1¢u1ty. th¢ organisation was fortunate and was able to relay on th¢
support of Jslington Council and th¢ Government Furlough scheme. This support ensured the organisation
remained financially viable. The financial perforTnance for the year was a surplus of £55.738 (2021.. £54,660).
This consisted of a surplus on unrestricted funds of £43.046 (2021.. £48.897) and a surplus of restricted funds
of £12.692 (2021-. £5.763).
Princi
al Fundin
Source5 and Income Generdtion
The organisation's income for the year increased 10 £781,342 (2021-. £666.819). Income from fees & charges
increased to £313.110 (2021= £76,397). In¢om¢ from lettings increased to £17.911 (2021.. £69). The income is
expected to continue to grow as the country rethrns to nonnal aft¢r the pandemic. The opening of the new
building also provides several opportunities to in¢rtose income. The organisation received £295.801 (2021..
£327,864) from Islington Council to deliver several projects under Servi¢¢ L£vel Agreements.
Income from restricted funds increased to £644.725 (2021.. £581.593) and expenditure increased to £632.033
(2021- £575,830). This resulted in a net Inflow in restri¢t¢d funds for th¢ y¢ar of £12,692 (2021: £5.763). The
main reason for the change in restricted funds wa5 du¢ to the r￿uced services delivered during the COVID -
19 pandemic. The details of the movement in restricted funds can be seen in note 13 of the financial statements.
There was an increase in interest received to £39 (2021: £12).
The organisation has completed a budget for 202W2023. which indicates a balanced budget for the year.
Investment Polic
The organisation continues to be prudent in the way it manages its funds and a][ cash is held in. on-demand
deposit a¢¢ounts.
Fundraisin
The trustees have reviewed the fundraising arrangements and ihe revised budget for 202212023 and considered
the return on fiEndraising costs. Fundraising costs were £14.186 (2021.. £2.775}. The increase in fundraising
costs was due to the allocation of core costs of fundraising for the new building. The increase during the year
has been Considered against the organisalion's fundraising plans and is considered to be appropriate. The
organisation continues with its poli¢y of attracting fijnding from different sources. The organisation's budget
for 202212023 has indicated that additional funds will be required to sustain a number of projects and meet the
repayments of the social investment loans. The trustees have considered the budget and indicate that it is
achievable.
Cash Re
rve
and Goin
Concern
The trustees are of the view that the organisation should mainiain a certain level of cash reserves to protect
against drops in incotne and to lake advantage of any new opportunities that Jnay arise. Th¢r¢ is 110 spe¢ific legal
requirement to maintain a defined amount of cash reserves (although three months of operating expenses is
often quoted)-
The cash reserve policy specifies an appropriate minimurn amount of cash reserves to be held. If the cash
reserye level is set too hi8h, it ¢an make fi]ndraising more difficult a5 it may appear that HRH is hoarding cash
so is not focused on front line service delivery. Conversely. setting the minimum cash reserve level too low
may make HRH look vulnerable or appear that HRH is suffering from POOT financial management control.

HIGHBURY ROUNDHOUSE ASSOCIATION LIMrrED
{A COMPANY LI￿[rTED BY GUARANTEE)
REPORT OF THE TRUSTEES
YEAR ENDED 31 MARCH 2022
The cash reserve policy rquires that a series of trigger levels are set based on one month of core expenditure
plus a r¢dundan¢y res¢rve as follows:
Green.. cash reserves higher than 3 months of core expenditure plus redundancy reserve
Atnber.. cash reserves are between I month of core expenditure plu5 redundancy reserve and 3 months of core
expenditure plus redundancy reserve
R¢d: cash reserves are below I month of core expenditure plus redundancy reserve.
Each trigger level requires a different set of responses as follows:
Green (no Cause for concern)=
No action required
Cash reserve levels ar¢ monitored on a monthly basis
ATnber (heightened awareness)..
Cash reserves are below d¢sired level
Any capital expenditure to be approved by the TTUStees
laterial (greater than £2.000) non4iscretionary revenue expenditure to be approved by the Trustees
Cash reserye requirements continue to be monitored on a monthly basis
Red (cause for concern)".
All capital expenditure stopped
All material non-discretionary revenue expenditure stopped
Director to prepare a fundraising plan clearly arttculating the necessary steps to increase cash reserves
back to desired level
Fundraising plan to be approved and monitored by the Trustees
Increase monitoring frequency to weekly
The trustees are satisfied that the organisation has sufficient funds to meet its operational commitments. As at
Ihe reporting date the cash balance5 were £131.891. which resulted in a green (no cause for concern) status.
Th¢ trusl¢¢s are satisfi¢d that the organisation has sutTi¢ient funds to meet its r¢serves policy.
Plan
for fLtture Period5
The organisation regularly reviews its work and makes improvements where necessary. The plans for the futur¢
include..
Seek additional funding to support our projects and to deliver additional services.
Re-establish the work done by our user groups.
Ensure that we deliver our service5 in line with the Government COVID- 19 guideline5.
Deliver After School & Youth Club activitie5. at diff¢r¢nt locations and work with over 2,000 childr¢n,
young people, and their families.
Complete our new ¢otnmunity building.
Provide support to our ward partnership meetings.
Develop servic¢s for early year's children and their families.
Consult and work with our members and users with the transition into our new building.
Recruit additional staff. once our new building is complete.
These are just SOTne of the developments planned for the coming year. The organisation has Tnade considerable
proEress in its efforts to Etcome an independent cornmunity centre and is committed to d¢liv¢ring new and
innovative projects for local people.

HIGHBURY ROUNDHOUSE ASSOCIATION LI￿[[rED
(A COMPANY LIMrrED BY GUARANfEE)
REPORT OF TItE TRUSTEES
YEAR ENDED 31 MARCH 2022
Reference and *dmiDistrative details
Highbury Roundhouse Association Limited
REGISTERED OFFICE AND
OPERATIONAL ADDRESS
71 Ronalds Road
London N5 IXB
REGISTERED CHAIUTY NO: 288370
COMPANY REGISTRATION
NO..
1759460 (England & Wales)
BOARD OF TRUSTEES:
Neville Cowion
Chair
Anthony Miller
Andrew My¢r
Scott Wadlow
Sard Zavalets
Steffan Taylor
Amy Ellington
Martin Jones
Rory Leyne
Rob Allum
. Company Secretary
- D¢puty Chair
- Treasurer
- ReSi￿ed 2514r2022
- Appointed 301612022
- Appointed 251412022
BANKERS..
Lloyds Bank PIC
31133 Holloway Road
London N7 8JP
AUDITORS:
Perlin Franco Limited
Chartered Accountants & Statutory Auditors
Solar House
915 High Road
North Finchley
iA)ndon Nl 2 8QJ
Russell Cooke
SOLICITOR:
2 Putn¢y Hill
L￿ndon SW15 6AB
SENIOR MANAGEMwr
TEAM:
Andrew Berthi¢r
Chief Executive
Savanah Popal
Julie Day
Nigel Williams
Ruth Allen
Lesley Palling
Camiel Zanre
Ndidi Okoye
Dinisha Shibnauth
F￿elda Capaldi
- Head of Services
Extended school services coordinator
- Older people's services manager
- Out of school services manager
Out of school services manager
- Under-five's services manager
- Young people's services manager
Out of school servi¢es manager
Business Development Manager

HIGHBURY ROIINDHOUSE ASSOCIATION LtMrrED
(A COMPANY LtMITED BY GUAJiANfEE)
REPORT OF THE TRUSTEES
YEAR ENDED 31 MARCH 2022
STRUCTURE GOVERNANCE AND MAIYAGEMENT
Governin
Do¢ument
The Highbury Roundhouse is a charitable company limited by guardntee and was set up in 1974 by a group of
local people. The organisation was first regtstered as a charity on 27th January 1978, under the name of
Highbury Roundhouse Group and was incorporated on 6th October 1983. The company was established under
a Memorandutn of Association. which incorpordted the objects and powers of the charitable company and is
Eovem¢d und¢r its Articles of Association and constitution. The charity has no share capitsl. each member's
guarantee is limited to £1.
Recruitment and A
ointment of Trnstees
The dir¢¢tors of the company are also charity trustees for the purp)ses of charity law and under the company's
ArtT¢les are known as members of the Management Committee. M¢mbers of the Management Committee retire
by rotation annually at the organisation's AGM And can be re- elected by the members.
All Members of the Management Committee give theirtime voluntarilyand receive no payment from the charity.
Any expenses reclaimed from the charity are set out in not¢ 8 to the accounts.
The organisation's work 15 focused around working with children. young people, and the elderly. The
Management Committee seeks to ensure thai the needs of all th¢s¢ groups are appropriately r¢fl¢ct¢d through
the diversity of the truslee body. The organisation a¢tiv¢ly en¢ourag¢s local people and users of its services to
becorne members of th¢ Mana8¢ment Committe¢ at the AGM.
Where particular ski115 are required. the organisation would approa¢h individuals with the appropriate skills, to
see if they would offer themselves for election to the Management Committee.
Trustee InductiorE and Trainin
Most trustees are already familiar with the work of the charity having been involved in some way, either as a
user or provider of services. New trnstees are invited and encouraged to attend a Short training session of no
more than an hour to familiari5e themselves with the organisation. These sessions are jointly led by the Chair
of the Management Committee and the CEO and cover:
The obligations of Management Committee membeTS.
The main documents. which set out the operational framework for thecharity including the Memorandum
and Articles of Associaiion.
Dis¢ussion of the organisation's latest annual report and audited accounts.
Future plans and obje¢tives.
Safeguarding. (All trust¢es ar¢ required to undergo Safeguarding trdining)
The charity also circulates a copy of the Commission's guid¢ "the Essential Trustee" along with a ¢opy of the
Memorandum and Articles of Association and th¢ latest financial statements to all trustees.
Risk Mana
ement
The trustee5 have ov¢rall responsibility for ensuring that the organisation has appropriate systems of control,
financial and otherwise. The day-to-day operation of this is delegated to the CEO. Tru5tee5 are also respollsible
for Safeguarding the assets of the charity and hence for tsking reasonable stcps for the prevention and d¢t¢¢tion
of fraud and other irregularities. They also provide reasonable assuTxnces to the best of their knowledge that..
The ehority is operating efficiently and effectively-

IUGHBURY ROUNDHOUSE ASSOCIATION LI￿￿tED
(A COMPANY LIMrrED BY GUARANTEE)
REPORT OF THE TRUSTEES
YEAR ENDED 31 MARCH 2022
Its assets are safeguarded against unauthorisd use or disposition by the application of 5yStems of int¢mal
Proper ￿ordS are maintained and financial inforniation used wtthin the charity or for publication is
reliable:
The charity Complies with relevant laws and regulations
The systems of internal control are designed to PTovide rwonable, but not absolute. wurdnce against material
misstatement or loss. They include".
An annual bud8et approved by the trustees"
Regular considerdtion by the trustees of financial information:
Delegation of authority and segregation of duties.
Identification and management of risks
The trustses review risk management to assess financial risks and implement risk managemenl strategies where
appropriate. This will involve identifying the type5 of risk5 the charity faces, prioritising them in ternis of
potential impact and likelihiK>d of occU￿enCe. and identifying means of miligating the risks. Significant external
risks to funding have led to the development of an activ¢ programme. which will enhance the diversification of
funding and services. Internal risks are minimised by the implementation of procedures for authorisation of all
transactions for projects and the core function. Procedures are in pl￿¢ to ¢nsure ¢omplianc¢ with health and
safety of staff, volunteers, users and visitors to sites where we deliver services. We regularly work to improve
our Ofsted ratings wherever we deliver Out of School Services. Three of the organisatlOll'5 Out of School Clubs
are rated Outstanding by Ofsted.
anisational Stru¢tur¢
The trustees meet monthly where the management committee review strat¢gy 2nd perforn)ance and set
operational plans and budgets for the year. For the rep)rting period, there were 8 members of the committee, at
present the committee has 10 members from a variety of professional background5.
The organisation has a Youth Club suEFcommittee which is made up of trustec5 and other individuals. The sub-
committee operate under specific ternis of referenc4 which delegate certain functions from the Irustee's board.
The management committee have delegated authority to the following sub-committees..
New Buildin8 Construction sub-committee- Chair Anthony Miller
Youth Club su&committee- Chair Steffan Taylor
The sub-committees operate under sp¢¢ifi¢ temis of r¢fer¢nce that can be ratified by the full Board.
A syst¢m of d¢legation is in place and day-to-day reskM)nsibility for the provision of services rest with th¢ CEO
along with the senior management team. The CEO is responsible for ensuring that the organisation delivers the
services specified and that k¢y ￿rforn13ncc indicators are met.
io

HIGHBURY ROUNDHOUSE ASSOCIATION LINifrED
{A COMPANY LIMrrED BY GUARANTEE)
REPORT OF THE TRUSTEES
YEAR ENDED 31 MARCH 2022
lo
e¢ Involvement and Em
lo
¢nt of the Disabled
Employees are consulted on issues of concern to them by mean5 of regular staff meetings and are kept infomied
on specific matters directly by the senior management leavn. Whenever possible the organisation Carries out exit
interviews when staff leave and has a procedure of upward feedback to trustees.
The organisation has a number of detailed policies in r¢lation to aSp￿ts of personnel matter5 including..
Equal Opportunities policy
Volunteers, policy
Health & Safety policy
Confidentiality policy
Whistleblowing policy
Children and Young People Safeguarding policy
Adult Safe8uardin8 policy
In accordance with the charity's equal opportunities PKJlicy, the charity has lon8 estsblished fair employment
practices in the recruitmenl selection, retention and training of stsff. The chartty is committed to the principles
of the IslinEton Fairness Commissson. Full d¢tsils of these policies are available from the organisation's
registered office.
Remuneration of k
mana
ement
rsonnel
The pay of the Senior Management team and all staff are reviewed annually during the setting of the &nnual
budget and nornjally increased in accordance with average eamin8S to refl￿t a cost of living adjustment. The
bud8et is agreed by the trustees.
TRUSTEES RESPONSIBILTfiES IN RELATION TO THE FINANCIAL STATEMENrs
The trustees who are also the directors for the purp05e5 of company law are responsible for ensuring the charity
prepares a trustee5' annual report and financial statements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the charity trustees to prepare financial stat¢m¢nts for each financial year which give a
true and fair view of the state of affairs of the charitable ¢ompany. Its incoming resources, application of
r¢sourc¢s, including in¢om¢ and expenditure. for the financial year. In preparing the financial statements, the
trustees are required to:
Select suitable accounting policies and then 4)ply them Consistently.
observe th¢ methods and prin¢ipl¢s in the Charities SORP.
make judgements and estimates that are re&sonable and prud¢nL
state whether applicable UK accounting stsndards hav¢ b¢¢n followed. subject to any material departures
disclosed and explained in the financial statements.
prepare the financial statements on the going concern b￿lS unless it is inappropriate to presume that the
company will continue on that basis.
The trustees are responsible for maintsining adequate accounting records that disclose wilh reasonable accuracy
at any time. the financial tK)sition of the charitable cownpany and to enable them to ensure that the finan¢i&l

HIGHBURY ROUNDHOUSE ASSOCIATION LIMITED
(A COMPANY LIMrrED BY CUARANTEE)
REPORT OF THE TRusfEES
YEAR ENDED JI MARCH 2022
statements ¢omply with the Companies A¢t 2006. They are alw reS￿)nSIble for safeguarding the ass¢ts of the
charity and hence for tsking reasonable sieps for ihe prevention and detection of fraud and other irregularitie5.
The trustees are Fesponsible for ihe maintenance and intwity of the corwrate and finan¢ial inforn)ation
ineluded on the charitable Company's website. Ltgislaiion in the United Kingdom goverThng the preparation
and dissemination of finatKial statements may differ from legislation in other jurisdictions.
Ststetnent as to dis¢losutt of inforniation to aLtditors
In so far &8 the trustees are aware:
there is no relevant inforniation. being inforniation needed by ihe auditor in conne¢tion with preparing
their report, of which the auditor is unaware. and
the truslees have taken all steps that they ought to have taken to make ihemselves aware of any relevanl
audit information and to establish th* the auditor is aware of the. infomiation.
Chan
e in fixed assets
The movemeni in fixed assets during the year are sei out in note 9 to the financial statements.
The Audiiors, Perlin Franco will be proposed for re-appointm¢nt at the forthcoming Annual (Jeneral Meeting.
Approved
y the Board on...
Neville Cowton
Chair of the Board of Trustees
12

INDEPENDENT AtJDITORS' REPORT TO THE MEMBERS OF
HIGHBURY ROTJIYDHOUSE ASSOCIATION LIMfTED
Opinion
We have audit¢d th¢ financial statsm¢nts of Highbury Roundhouse Association Limited for the year ended
31 March 2022, which Comprise the Ststement of Financial Activities, the Balance Sheet. the Cash Flow
Statement and not¢s to the financial stat¢m¢nts. in¢luding a summary of significant accounting policies.
The financial reporting framework that has been applied in their prepardtion is applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Prdctice).
In our opinion the financial 5tatements'.
give a true and fair view of the state of the charitable COTnpany's affairs as at 31 March 2022 and of its
incoming resources and application of resources, including its income and ¢xp¢nditure. for the year then
have been properly prepared in accordance with United Kingdom Generally Accerned Accounting
Practice. and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opiDion
We eonducied our audit in accordan¢¢ with International Standards on Auditing (UK) (ISAs (UK)) and
applicable law. Our reswnsibilities under those standards are further described in the Auditors
responsibilities for the audit of the financial statements section of our report. We are independent of the
charitable company in accordance with the ethical requirements that are relevantto our audit of the financial
stat¢m¢nts in th¢ UK. including th¢ FRC'S Ethical Standard. and we hav¢ fulfilled our other ethical
responsibilities in accordance with these requirements. We believe thatthe audit evidence we have obtained
is sufficient and appropriate to provide a basis for our opinion
Conclusions relating to going concern
In auditing the financial statements. we have concluded that the trustee5' use of the going concern b&8es of
accounting on the preparation of the financial statements is appropriate.
Based on the work we have performed. we have not identified any material uncertainties relating to ev¢nts
or conditions that, individually or collectively, may significant doubt on the charitable company's
ability to continue as a going concern for a period of at Iwt twelv¢ months from when the financial
statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in
the relevant section5 of this repor
Other information
The Irustees are responsible for the other inforniation. The other inforniation comprises the inf0m￿tion
in¢lud¢d in th¢ annual r¢poit other than th¢ financial statements and our Report of the Independent
Auditors thereon.
Our opinion on the financial ststements does not cover the other infomiation and. except to the extent
otherwise explicitly stated in our report. we do not express any forn] of assuranc£ conclusion thereon.
In connection with our audit of the financial ststementy our reS￿nsibl11ty is to read the other
infomJatiOFb and, in doing so, consider wheth¢r th¢ other information is materially inconsistent
with the financial statements or our knowl¢dge obtained in the audit or otherwise appears to be
materially mi5Stated. If we identify such material incon5iStencie5 or apparent material
misstatements, we are required to deterniine whether this gives rise to a material misstatement in
the financial statements th¢mselves. If. based on the work we have I￿Orn]ed. we conclude that
there is a material misstatement of this other information, we are required to report that fact. We
have nothing to report in this regard.
13

INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF
lllGHBIJRY ROUNDHOUSE ASSOCIATION LIMITED
Opiuioii OD other matters prucribed by the compani￿ Ac12006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the Report of the Trustees for the financial year for which th¢ financial
statements are prepared is consistent with the financial statements. and
the Report of the Trustees has been prepared in accordance with applicable legal requirements.
Matters on wbieh we 2re required to report by exeeplioll
In th¢ light of the knowledge and understanding of the charitable company and its environment obtained in
the cours¢ of the audit. we have not identified material misstatements in th¢ Straiegic Report or Report of
the Trustees.
We have nothing to report in respect of the followin8 matters wh¢re the Companie5 Act 2006 requires us
to report to you if, in our opinion..
adequate accounting records have noi IKen kept or returns adequaie for our audit have not been received
from branches not visited by us- or
the financial statements are not in agreement with the a￿UntIng records and returns" or
certain disclosures of trustees, remuneration specified by law are not made. or
we have not received all the information and explanations we require for our audit- or
th¢ trustees were not entitled to tske advantage of the small companies exemplion from the requirement
to prepare a Strategic Report or in preparing the Re￿rt of the Trust¢¢s.
Responsibilities of trustttq
As explained mor¢ fvlly in the Statement of Trustees Responsibilities. the trustees (who ar¢ also the
directors of the charitable company for the purposes of company law) are responsible for the preparation
of the financial statements and for being satisfied that they give a true and fair view. and for such internal
control as the trustees detemin¢ is n¢¢essary to enable the p￿ParatIon of financial statements thAt are free
from mat¢rial misstst¢menL whether due to frnud or error.
In preparing the financial statements. the trustees are responsible for assessing the charitable companys
ability to continue as a going concern. disclosin& as applicable, matters relat¢d to going concern and using
the going concern basis of accounting unless the trustees either intend to liquidate the charitable company
or to cease operation% or have no realistic alternative but to do so.
AuditorJ' responsibiliti￿ for the audit of the financial statements
Our objectives Are to obtain reasonable assurance about whether the financial statements as a whole are
free from material misstatement. whether due to fraud or error, and to issue a Report of the Independent
Auditors that includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee
that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it
exists. Misstatements can arise from fraud or e￿or and are considered material if. individually 01 in the
aggregate, they could reasonably be expected to influence the economic decisions of users taken on the
basis of these financial statements.
The ext¢nt to which our procedures capable of detecting irregularities, including fraud is detailed below..
We obtained an understanding of the legal and regulatory frameworks applicable to the Company
and the sector in which they operdte.
We determined that th¢ following laws and r¢gulations were most Signifi￿11. the Companie5
Act 2006 and the Charities Act 201
14

INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF
HIGHBURY ROUNDHOUSE ASSOCIATIOIY LIMITED
We assessed the susceptibility of the Company's financial statements io material misstatement,
including how fraud might occur. Audit procedures perforn)ed by us included:
-identifying and assessing the desigll effectiveness of controls manag¢meDt has in place to
prevent and detect fraud-
-understanding how those charged wilh governance considered and addressed the potential for
override of controls.
challenging wumptions and judgments made by management in its significant accounting
estimates-
ideniifying and testing journal entries. in particular any journal entries posted witb unusual
account ¢ombinaiions' and
assessing the extent of compliance with the relevani laws and Tegulaiions.
A further description of our responsibilities for the audit of the financial statements is lOca￿d on the
Financial Reporting Council's website at www.frc.0rg.uklauditorsr￿ponsib717tie$. This description fornis
part of our Report of the Tndep¢ndent Audiiors.
Use of our report
This report is made solely to the charitsble company's members. as a body. in accordanc¢ with Chaptcr 3
of Part 16 of the Companies Act 2QM)6. Our audit work has been undertaken so thai we might state to the
Lharitable company's Tnembers those matters we are reqUI￿d to stai¢ to them in an auditors, report and for
no other purpose. To the ￿lIest extent pern)itied by law, we do not accept or assume responsibiliry to
anyone other than the charitable company and the charitable company's members as a body, for our audit
work. for this repor¢ or for the opinions we have fom)ed.
Faustino Frdnco (Senior Statutory Auditor)
Perlin Franco
Chartered Accountants & Statutory Auditors
Solar House
915 High Road
North Finchley
London
N12 8QJ
Date..
15

HIGHBURY ROtJNDHOUSE ASSOCIATION LIMTTED
(A COMPANY LI￿[r[ED BY GUARANTEE) (Registered Number: 01759460)
STATEMENf OF FINANCIAL ACTIvrrtES Onclvding Income gnd Expenditu￿ Account)
YEAR ENDED 31 MARCH 2022
Unrestricted
Funds
2022
Restricted
Funds
2022
Total
Fund5
2022
Total
Fund5
2021
Notes
INCOME:
DonatS0rts and other voluntary
income
13.865
15.(MN)
28.865
670
Income frorn charitable activitie5:
Grants, contracts and donations
120.964
629,725
750,689
666,110
Other activities
1.749
1.749
27
Investrnent income
39
39
12
Total income
136.617
644.725
781,342
666,8J9
EXPENDITURE".
Raising fjjnds
14.186
14,186
2.775
Charitable activities
79.385
632.033
711.418
609,384
Totsl Exp¢Dditur¢
93,571
632,033
72S,604
612,159
NET INCOME FOR THE YEAR
12.692
55.738
54,660
RECONCILATION OF FUNDS:
Total funds brought forward
137.725
2,924,046
3,061.771
3.007,111
Totsl ￿ndS caTried forward
13
£180,771
£2,936,738
£3,117A09
£3.061.771
The siatement of financial activities includes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.
16

HIGHBURY ROUNDHOUSE ASSOCIATION LIMrrED
(A COMPANY LIMITED BY GUARANTEE} (Registered Number: 01759460)
BALANCE SHEET
YEAR ENDED 31 MARCH 2022
2022
2021
Not¢s
FIXED Assrrs
Tangible assets
3268.767
3,269,754
CURRENT ASSETS
Dtbtors
Cash at Bank and in Hand
10
45.977
131891
86.257
130057
Total current Assets
177.868
216.314
CREDITORS- Amounts falling d¥e
wlthin one year
(70.369)
(147,410}
NET CURRENT ASSETS
107.499
68,904
Total assets les5 curreni liabilitie5
3.376,266
3,338.658
CREDITORS: Amounts f•lling dut
after more thin one year
12
(258,757)
(276,8871
NET A&8rrs
£3.117J09
£3,061.771
REPRESENTED B Y:
Re$trided fullds:
13
2.936,738
2.924.046
Unrestricted funds:
Gcncral funds
Designated fund5
TOTAL CHARtTY FVJYDS
13
13
180,771
118.646
19.079
£3.117ts09
£3,061,77J
These financi￿ staternents have been PTepared in a¢tordartc¢ with th¢ special provisions of Part IS of the CoTnpanies
Act rtlating to small choritsble companies and constlluie ihe annual accounts required by Companie5 Act 2006 and
are for ¢ir¢ulaiion to members of the wmpany.
The notes at pagtt 19 to 29 form part of these financial staterner
31
Approved b theboardon..........
OCTO8.61L ...l0.IL
Scott Wadlow
Treasurer
17

HIGHBiSRY ROUNDHOUSE ASSOCIATION LtWTED
(A COMPANY LfMfTED BY GUAIL4NfEE) (Registered Number. 01759460)
STATEMENT OF CASHSLOWS
YEAR ENDED 31 MARCH 2022
2022
2021
Notes
CASH GENERATED FROM
OPERATING ACTIVITIES
19
80.808
99,344
Investing actlVLties:
Interest income
39
12
Purchase of tangible fixed assets
(7.604)
(11,496)
(7.565)
(11,484)
Financing activities
New loans in the y¢ar
5.000
Bridging loan repaid durbng the year
(45,856)
Long terni loans repaid during the year
(30.553)
(58.516)
(71.409)
(58.516)
INCREASE If4 CASH AND CASH
EQUIVALENTS
1034
29.344
Cash and cash equivalents at th¢
beginning of the year
130.057
100.713
CASH AND CASH EQUJVALENTS
AT END OF THE YEAR
£131091
£130,057
18

HIGHBURY ROUNDHOUSE ASSOCIATION LIMfrED
(A COMPANY LITr￿[ED BY GUARANfEE) IRegistered Number: 01759460)
NOTES TO THE FINANCIAL STATEMEKrs
YEAR ENDED 31 MARCH 2022
AccouNfING POLICIES
The principal accounting policies are summarised below. The accounting policies have b¢¢n applied
conSi￿entlY throughout the y¢ar and in the pre¢eding year.
These accounts have been prepared under the historical cost convention with items recognised at cost
or transaction value unless Othe￿ise stated in the relevant notes to these accounts.
1.1 B8sis of accountillg
The financial statsments have been prepared Tn accordan¢¢ with A¢counting and Reporting by
Charities.. Ststement of RecomTnended Practice applicable to charities preparing their accounts in
accordance with the Financial Rep)rting Standard appli¢able in the UK and Republic of Ireland {FRS
102) (effective 1st January 2019) - (Charities SO11￿ (FRS 102)). the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are
initially recognised at historical cost or transaction value unles5 otherwise sthted in the relevant
accounting policy notes.
1.2 Preparation of the aeeovnts om g going concern basil
The organisation has a 3 year business plan and is working to complete construction of a new
£3.5Million Community building. At the time of approving the accounts, the directors have a
reasonable expectation thai the charity has adequate resource to continue in operation for th¢
foreseeable future. The Trnstees a￿ ¢onfid¢nt that the charity remains & going concem for the
foreseeable future.
IJ Incomittg resourc
Income resources are included on an accruals basis in the Statement of Financial Activities when the
eriteria of entitlement. probability of receipt and measurability have been met.
Income from the local &uthority and other grants. whether'capital" or'revenue" grants, is re￿gnIsed
when entitlement to the funds. any perforniance conditions attached to the grant have been met. it is
probable that the income will be received and the amount can be measured reliably and is not
deferred.
Income received in advance of contra¢ted service d¢liv¢ry is d¢ferred until the criteria for income
r￿ognition 8r¢ met.
Donated services and fxilities Are included in the SOFA when received at the value of the gift
provkded the value can be measured reliably.
Goods donated for on-going use are recognised as tangible fixed assets and included in the SOFA as
income from donations when receivable.
Investment income 15 included in the SOFA when reetived.
19

HIGIIBURY ROUNDHOUSE ASSOCIATION LIwirrED
(A Co￿(PANy Li￿￿rED BY GUARAKfEE) (Registered Number: 01759460)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2022
Incoming resources from grants. where related to performance and specific deliverv4bles, are
accounted for &s the charity is entitled to considerntion by its perforniance.
Th¢ valu¢ of any voluntary help received is not included in the accounts. but is described in the
trustees. annual report.
1.4 Resources expeDded
Expenditu￿ is recognised on an a¢¢rual basis as a liability is in¢urroJ. Expenditure includes any
V AT which is not recoverable and is reported as part of the expenditur¢ to which it relat¢s and th¢
amount of the liability can be measured with reasonable certainty:
Costs of rdising fvnds comprise the costs aswciated with attracting voluntary income and the
costs of fundrnising activity. 50/• of core salary costs are apportioned to fundraising.
Expenditure on charitable actiVTties comprises those costs incurred by the organisation in the
delivery of its Charitabl¢ activities. It includes both ¢osts that Can be allo¢ated directly to such
a¢tiviti¢s and those costs of an indirect nature nece55ary to support them.
Gov¢rnan¢e costs are included in eXpendI￿re on charitable activities and include those costs
associated with meeting the constitutional and ststutory requirements of the charity and include the
audit fees and costs linked io the strategic management of the charity and have ￿ert calculated as
follows..
Audit Fee
tkgal Costs
AGM Expenses
Full
Full
Full
Committee meetings
Full
Printing Postage & Stationery IO•/o
Core Salaries 50/
All costs are allocated betsveen the expenditure categorie5 of the SOFA on a ba515 designed to refl¢¢t
the use of the resource. Costs relating to a particular activity are allocated directly) Others may be
apportioned on an appropriate basis. The allocation 15 shown in note 5.
1.3 Tangible fixed Assets and depreciation
Tangible fixed ￿Sets are stated at cort less accumulated depreciation. Where appropriate the c05t of
minor additions or those costing klow £500.00 may not be Capitali￿d. Depreciation 15 provided at
rates ￿lCulated to write off the cost or valuation of each asseL over its expected useful life on the
following basis-.
Office Fquipment
Furniture & Equipment
New ComTnunity Building
33 113 Yo Straight line basis
25Yo reducing balance basis
Leasehold building under construction
1.6 Fund ac¢ountinE
Unrestricted funds are incoming resources receiv2bl¢ or generated for the objects of the charity
without a specified purtrf)se and are available as generdl funds.
20

GKBifRY ROUNDHOUSE ASSOCIATION LIMtTED
(A COTrtPANY LIMITED BY GUARANTEE) (Registered Number: 01759460)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2022
Designated funds are unrestricted funds eam)arked by the trustees for a particular purpose. The aim
and use of each designated fund is set out in the notes to the accounts.
Restricted funds are to be used for a Specific PUTP05e laid down by the donor. Expenditure which
meets this criterion is charged to the fund, together with a fair allocation of management and 5UPPOrt
costs. The aim and use of each restricted fvnd is set out in the notes to the ￿COUllts.
1.7 Debtors
Trdde and other debtors are recognised at the settlement amount due after any trade discount offered.
Pr¢paym¢nts ar¢ valu¢d at th¢ amount prepaid nei of any trad¢ dis¢ount due.
1.8 Cash at bank and in hand
Cash at bank and cash in hand includes cash and short terni highly liquid deposits with a 30 day
notice period or less held to m¢¢t short t¢rni cash commitm¢nts as they fall due.
1.9 Creditor5 alld provisioDS
Creditors and provisions are recognised where there is a present obligation resulting from a past
event that will probably ￿$v[t in the transfer of fvnds to a third paty and ihe amount due to settle
th¢ obligation can b¢ m¢asured or estimated reliably. Cr¢ditors and provistons are nomially
recognised at their settlement amount after allowing for any trade discounts due.
1.10 Pensions
The trustees a￿d that from I st July 2016 the organisation will automatically enrol staff into the
People's Pcnsion scheme, which 15 funded by contributions from employees and etnployer, unless
staff opt out of the 5cherne. The Scheme 15 a money purchase defined contribution scheme.
1.11 FiDan¢i#l in$trum¢nts
The organisation only has financial assets and financial liabilities of a kind that qualify as basic
financial instruments. Basic financial instruments are initially recognised at transaction value and
subs¢qu¢ntly measured at their s¢ttl¢m¢nt value.
1.12 Employee benefits
The cost of any unused holiday entitlement is reCO￿lSed in the period in which the employee's
services are received. Annual leave not taken is not norn]ally carried forward.
21

IUGHBiJRY ROtINDHOUSE ASSOCJATION LI￿￿TED
(A COMPANY LIMITED BY GUARANTEE) (Registered Number: 01759460)
NOTES TO THE FINANCIAL STATEMENrs
YEAR ENDED 31 MARCH 2022
DONATIONS OThER VOLUNTARY INCOME
2022
Total
2021
Total
Unrestricted
Restrieted
Fundraising income
Various donations
io.{M)o
15,0
25,000
3.865
3.865
670
£13065
£15,000
£28.865
£670
INCOME FROM CHARITABLE ACTIVITIES
2022
Totsl
2021
Tot81
lJThrestricted
Restricted
London Borough of lslington- contracts
Power to Change
Greater tDndon Authority
Furlough Scheme
Fees & charges
L£ttings fijrthering charitable objective5
45,OLM)
250.801
295.801
327,864
46,144
46.144
35,698
29,060
29,060
46,492
20.961
32,870
176.768
76,397
69
313,110
313,110
17,911
17.911
Various gran
15,793
15.793
2.822
£120964
£629.725
£750,689
£666,110
OTHER ACTivrrtES
2022
Total
2021
Total
Unres¢ricled
Restricted
Parking fees
Sundry income
1.700
49
1.700
27
49
£1,749
£1.749
£27
22

HIGHBURY ROUNDHOUSE ASSOCIATION LIMITED
(A COMPANY LIMrrED BY GUARANfEE) (Registered Numbtr. 01759460)
NOTES TO THE FllYANCIAL STATEMENTS
YEAR EIYDED 31 MARCH 2022
NET tNCOME FOR THE YEAR
2022
21121
StAted after charging:
Depreciation
Atsditors ttmunerotion (external scrutiny)
£8,591
£7,221
£6.540
£7,020
STAFF COSTS
2022
2021
StatT costs were as follows:
Salaries and wages
Social securiry costs
Pension costs
481,976
454.450
31,611
26.126
£525009
£492J62
No employee received emoluments of more than £60.0￿ in th¢ y¢ar (2021: NIL)
The key managemeni personnel comprise th¢ truste4 th¢ Chief Ex￿ul1¥¢, Head of Servic¢4 Extended Schools
Services Coordinator and six service mana8ers. The totsl employee ernoluments of the key management personn¢l
were £225,818. (2021.. £230,614). The Senior managemeni team. perfomi a role in the direci operational aciivities
of the charity.
2022
Number
2021
Number
The average rnonthly beadcount of employe¢s dwring ¢he year was:
Charitsble activities
24
32
Maintenance and sUP￿rt
Management and adrnithistration
31
41
Restricted siaff cosrs are md from funds specifKa]ly provided for that purrA)S¢.
RE1￿UNERATIoN OF TRUSTEES & RELATED PARTY TRANSACTIONS
No remunerniion was paid to Trustees or did they receive any other benefits from on ¢mploym¢nt with another
charity during the year, nor was ther¢ any ¢xpens¢s reimE￿ISed to trustees (2021.. NILI. One of the trustees is a
director of Cl&ss base, which delivers fitn¢55 cIL$5¢5 kn partnership with th¢ ¢harity. No f¢es were paid to the
trustee or Class blse in connection with this partnership. No other trustee or other pers￿5 related to th¢ charity
had any petsonal inierest in any contract or transaction entered into during ihe year {2021.. NIL). The organisation
has an inierest frtt bridging loan of £32.084 (2021: £77,940) which is outstsnding ai the balance sh¢¢t date.
24

HtGHBURY ROUNDHOUSE ASSOCIATION LtMtfED
(A COMPANY LIMITED BY GUARANTEE) (Regiskred Number: 01759460)
NOTES TO THE FDYANCIAL ￿ATEmENTs
YEAR ENDED 31 MARCH 2022
TANGIBLE FIXED A￿ETs
0￿)ce
Equipment
Furniture
& Fittings
i*asehokl
Buildings
Total
2022
Cost:
As at 1° April 2021
Additions
86262
62J08
3252.751
3.401,321
7,604
7.604
Disp05als
As * 31. March 2022
£35.192
£62.308
£3.260.355
£3.357,855
Aceurnulated d¢pr¢cialion:
Asat l°Apri12021
Charge for the year
Disposals
A5 a¢ 31° March 2022
76.892
54.675
131,567
8,591
6.683
1.908
£32,505
£56.583
£89,088
Net book value:
As ai 31" March 2022
£2,687
£5.725
£3,260.355
£3.268,767
Asat31"March2021
£9.370
£7.633
£3.252.7SI
£3,269.754
The above fixed asseis are all used io further the company's charithbk objeciives. The new Community buildin8
15 classified under le￿hOld buildings a5 15 ¢urr¢ntty in th¢ fin41 stsg¢s of ¢ornpl¢tion.
10. DEBTORS
2022
2021
Trade debtors- coniract income receivables
5,148
433
Sundry debtors and prepayments
Accrued income
318
3.431
£45977
£86,257
A¢¢rued in¢ome of £40.5111 (2021.. £82.393) is du¢ from the London Mwathon ¢harity £33,750 and £6,761 from
lslingion Council. £33,750 of a¢crued ineorne is recoverable in more than a year.
25

HtGHBURY ROUNDHOUSE ASSOCIATION LI￿￿rTED
(A COMPANY LIMITED BY GUARANTEE) (Regiskred Number. 01759460)
.NOTES TO THE FllYANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2022
11. .CREDrroRS: Amounts falling due within one year
2022
2021
Sundry ¢redilor5 and ¥cnwls
Bridging finance
Taxation and social security
Pension costs
10.083
32.084
33.358
77.940
8,835
6.701
2,126
41.
1.743
Deferred income
17
£70J69
£147,410
12. CREDITORS: Amounts falling due xfttr more tha* othe year
2022
2021
Bank 108ns
137,945
145.775
Oth¢r loans
120812
£258.75?
£276087
Of which:
Amounts falling du¢ in more thart five years. interest
£105J88
£131,666
The bank loans are secured by way of fixed aThl floaiing charge on the leasehold property. 71 Ronald5 Road NS
IXB and the other assets ofthe charity.
26

IUGHBURY ROIJNDHOUSE ASSOCIATION LtMITED
{A COMPANY L'IMITED BY GUARANTEE) Oiegistered Number: 01759460)
NOTES TO THE FINANCIAL STATEMENrs
YEAR ENDED 31 MARCH 2022
13. CHARITY FUNDS
Start of
ye*r
2021
Ineome
Expenses
2022
Tr*nsfers
End of
year
2022
2022
2022
Restricted funds:
Pensioners project
Youth project
Childmindets project
Play s¢h¢m¢5
Out of s¢hool services
918
88,571
(122.321)
(45,670)
{12,676)
(112.616)
{338.750)
33.752
(19,￿￿1)
,559
(10,998)
(4.413>
920
2.666
64.239
1.335
1,496
5,393
15.Y27
10.117
129.495
337.303
496
11,274
10,067
2.880.737
29,629
80
Leasehold building
Minibus fund
2.865,737
29,629
2280
15.(K(I
Pensioners forum
Total restrieted funds £2.924,046
£644,725
{£632,033)
£2,936,738
Unrestri¢led fU￿d$.
General funds
118.646
136.617
(93.571)
19.079
180,771
D￿lED￿ted funds:
R¢dundancy fund
Bay H¢)dgson fvnd
Project Development
8.0(10
10,6(X)
(8,000)
(10,600}
(479)
479
Totsl Unrestri¢ted
137,725
13&617
{93.571)
180,771
Total funds
£3.061,771
£781J42
(£725.604)
£3,117￿09
During ihe year ihe designa*d fvnd5 where closed and the balances were transferred to the general fvnd. This
transf¢r did not have 8ny impa¢1 on the overall lev¢l of unrestricted fvnds. Th¢ transfers between funds were
made to meet the additkonal support costs, as project staff and r¢source5 w¢re shared during th¢ COVID crisis.
The ¢o$ts ar¢ bwd on 5tsff numb¢r5 and usage.
27

HIGHBURY ROtiNDHOUSE ASSOCIATION LIKtTED
(A COl￿PANy LIMITED BY GUARANTEE) (Registered Number: 01759460)
NOTES TO THE FINANCIAL STATEMEKrs
YEAR ENDED 31 MARCH 2022
14. ANALYSIS OF NET ASSETS BY FUND
Re5trieted
Funds
Unrestrieted
Funds
Total
2022
Tangible fixed assets
Debtors
3260.355
8.412
3.268,767
40.511
(100,000)
(5.371)
5.466
45.977
Cash * bank and in h8nd
231,891
(64,998)
131.891
Creditors- due within one year
Creditors- due after more than one year
Net A$*ts
{70,369)
258 757
£2.936.738
£180,771
£3,117,509
15. CAP￿AL COMMITMENT
The organisathon currently h&% capital commitments of £136.454 10 complete the fmal phase of the new building.
No provision been made in these accounts. li is aniicipated that this will be paid in September 2022 and will
be paid from fijrther funds secured by the organisation. incI￿ling a further loan of £1￿,000 from CAF Bank.
16. TAXATION
The charity is exempi from tax on in¢ome ond g4ins falling within ￿tIon 50.5 of the Taxes Aci 1988 or s256 of
the Taxation of Chargeable Gains A¢t 1992 10 the exteni these are applied io its charitable objects. No tax
¢har8¢5 have arisen in ihe Charity.
17. GOVERNME￿ GRANTS
Incom¢ from governmeni grants comprises perforniance relatrd grants made by rhe local authority and HMRC
furlough scheme io fund the work of the organisalion is provided in note 3 of the fmancial 5thtements.
18. DEFERRED INCOME
Deferred hnwrne (ornprises grants receiycd in the current financial year bui relating to the" perfomiance of
activities in the following year. no grants were rele&8ed in 2021.
2022
2021
Balance ai the swr of the year
Amount released to income earned from charitsble a￿1¥1¢1¢5
27,688
(27,688)
Amounts deferr¢d to the following year
B8lance as at the end ol th¢ y¢ar
£17341
£27,668
Details of the defetTeO income ar¢ shown in note I l. of the ffftancial ststements.
28

HtGHBURY ROUNI)HOUSE ASSOCIATION LIMITED
(A COMPANY LI￿[TED BY GUARANTEE) (Registered Number: 01759460)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2022
19. RECONCILIATION OF IYET INCOME TO CASH GENERATED FROM OPERATING
ACTIVITIKS
2022
2021
Net income for the year
Depreciation charge
Inieresi paid
Interesi r¢t¢iv¢d
55.737
54.660
8.591
7.221
7.424
5,214
(39)
40280
(12)
D¢¢r¢w in debtors
13.329
Decrea5¢ 1 {InCr￿e) in creditors
Cash g¢ner4ted frotn operating activities
£80.808
£99W4
20. LEASE COMMITMENTS
On the 25ih April 2017. the organisation signed a 99-year I￿e on= 71 Ronald's Road, London N5 IXB. The Big
Lottery Fund and CAF Bank have a legal charge on the leasehold building_ The lease has ￿OUnd rent of £500.00
payable armually which will become payabl¢ once the Trew building is complete.
21. STATUTORY INFORMATION
Highbury Roundhouse Association Limited is a company limited by guarJni¢e. regIs￿red in England and Wales,
regisiraiion number 1759460. The registered otrice is: 71 Rotwlds Rod￿ London. N5 IXB
The presentation currency of the financial ststem¢nts is the Pound Sterling (£) and the level of rounding
is the nearest {£).
22. POST BALANCE SHEET EVENTS
Ai ihe time of signing the acwunL% th¢ trust¢es ar¢ aware of the potenlial economic and social impact.of the
coronavirns ouibreak in the UK and around the world. The charity will ¢ontinue to mitigate the risk5 by following
the Govemmeni's guidelines. adapiing and developing its own flnaneial ond operational strategy. Although
COVID - 19 is menikoned in the knjsiees. report, it h&8 no material financial impact on ihe charity due to the
5UPPOrt of151ingion Council and the Government.
As we conclude the report for the year ended 31 March 2022. another financial crisis is about io hit the Nation.
the cost-of-living Crisis. The organi5alion is aware of a number of cost pressuTes and challenges facing the sector.
Like other Charities of similar size and capacity, the organisation h&5 pr¢par¢d a d¢tail¢d budgeL which has
anticipated some significant increases in costs. The trusiees are confident that the organisation, with the aid of the
new community building, will be able to meet the challeng¢s and s¢rv¢ the ¢ommunity for many yeaTS to Come.
In this regard the organisaiion, h&% woduced a balanced budget for 2022r2023. Th¢ budget will be monitored
regularly during the year.
29