2023-03-31-accounts

Charity Registration No. 1044681

Company Registration No. 2921143 (England and Wales)

The Evelyn Oldfield Unit

Report and financial statements

For the year ended 31 March 2023

Page No.	Content
1-9	Board of Directors’ annual report
10	Independent examiner’s report
11	Statement of financial activities (including the income and expenditure account)
12	Balance sheet
13	Exemption from audit
14-18	Notes to the accounts

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The Board of Directors, who are also directors of the charity for the purposes of the Companies Act, submit their annual report and the financial statements for the year ended 31 March 2023.

Full name The Evelyn Oldfield Unit

Registered Charity number 1044681 Registered Company number 2921143

Principal address

Resource for London, 356 Holloway Road, London N7 6PA

Board of Directors

Paul Sathianesan Duraisamy - Chair

Teshome Damte - Treasurer

Liam Clipsham – Vice Chair

Pamella Campbell

Henoke Daniel

Maurice Tcheungwe

Company Secretary and CEO

Mulat Haregot

Bankers

National Westminster Bank Plc, PO BOX 7406, 490 Holloway Road, London N7 6HN

Independent examiner

Md IQBAL HOSSAIN MBA, ACCA

Chartered Certified Accountant

B K Community Accountant Ltd.

124 City Road

London

EC1V 2NX

2

Objects of the charity:

The Charity’s objects are to promote for the public benefit, all charitable purposes by the following:-

A) . To develop, provide, facilitate and co-ordinate the provision of specialist aid and support services in order to further the charitable work of organisations assisting disadvantaged people in particular but not exclusively the unemployed, people with low levels of literacy, older people, people with disabilities, people with long term health conditions and ethnic minorities particularly refugees, asylum seekers and migrants in the UK or Internationally.

B). To provide advocacy and services in particular but not exclusively for disadvantaged people including the unemployed, people with low levels of literacy, older people, people with disabilities, people with long term health conditions and ethnic minorities particularly refugees, asylum seekers, and migrants who are in conditions of need, hardship or distress.

Structure, governance and management

The Evelyn Oldfield Unit Memorandum and Articles of Association was Incorporated on 21[st] April 1994 as amended by Special Resolution(s) dated 26[th] January 1995 and registered at Charity Commission on 6[th] March 1995 and subsequently amended by special resolution registered at Companies House on 30[th] September 2013.

The Charitable Company was established under a Memorandum and Articles of Association which established the objects and powers of the charitable company and is governed under its Articles of Association .

Method of appointment or election of Board of Directors

The governance of the charity is the responsibility of the Evelyn Oldfield Unit Board of Directors who are elected and co-opted under the terms of the Articles of Association.

Following an initial audit of skills and experience, individuals with specific skills and voluntary and community organisations known to the charitable company are offered the opportunity to put themselves or nominees from their organisations forward as potential Board of Directors. Candidates complete an application form and are interviewed by a panel of Board of Directors and recommended by the Board of Directors to the Annual General meeting for election.

If a vacancy arises during the year, or additional Board of Directors are required, people are appointed by the Board of Directors and hold office until the following AGM when they stand for election.

One – third of elected Board of Directors must retire from office at the Annual General meeting, but are eligible for reappointment at that meeting.

Board of Directors Induction, Training and Development

New Board of Directors follow an agreed induction process and are offered training, development and support to understand and carry out their responsibilities. After appointment the Chair and the Chief Executive Officer induct new Board of Directors by giving them an outline of the organisation, its governance and strategic plan, a briefing on what constitutes a conflict of interest as well as answering questions posed by the new Board of Directors.

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Each Board of Director is also given a handbook which includes the latest accounts, key policies, procedures, and is offered mentoring by more experienced Board of Directors.

Board of Directors are encouraged to attend relevant training and development programmes on top of the biannually half day planning, training, and development days.

Organisational structure and decision making

The Board of Directors govern the organisation through quarterly Board of Directors meetings, and are advised by the finance and personnel sub-committees. The Board of Directors comprises a minimum of 5 Board of Directors and a maximum of 15. If a decision cannot be made at the

quarterly Board of Directors meeting, it is delegated to a specific group of Board of Directors, usually a sub-committee, and the results communicated to all Board of Directors by email and ratified at the following Board of Directors’ meeting. All Board of Directors attend one or both of the quarterly finance and personnel sub-committee meetings.

The officers meet between the meetings of the full Board of Directors meetings to discuss any immediate issues and to offer support to the Chief Executive Officer, if any decision are made these are reported to the Board of Directors informally, as well as to the next meeting. The day to day management of the organisation is delegated to the staff via the Chief Executive Officer.

Risk management

In the last two years, the Board of Directors have increased their focus on risk analysis as a mean of protecting the charity and enhancing its performance.

The Board of Directors undertake reviews of the major risks to which the charity is exposed and ensures that systems are in place to mitigate these risks. Among the potential risks assessed were the loss of funding, Board of Directors conflict of interest, bad publicity, new legislation, negligence, misuse of resources, overstretched management and low staff morale. Measures were identified that mitigate these potential risks and actions agreed, all of which enabled the charity’s Board of Directors to deal effectively with the step reduction in funding experience this year. Ongoing mitigation includes providing sufficient training and sound management for staff, clearly defined procedures, a survey of staff views, exit interviews, further diversification of funding, use of professional advice and insurance.

The Chief Executive Officer uses the risk assessment as a management tool for reviewing specific projects and activities with a view to mitigating risk and enhances performance. The Board of Director’s risk management has been aligned with business planning and performance management. On a routine basis lower risk assessment, such as health and safety assessments are carried out by EOU staff. The EOU has a full complement of policies ranging from health and safety to personnel management. These are periodically reviewed and updated by staff and then presented to the Board of Directors for ratification.

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Reserve policy

The Board of Directors have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity. The risk register is reviewed annually. The Board of Directors are satisfied that systems are in place to mitigate exposure to the major risks.

It is the policy of the charity that unrestricted funds, which have not been designated for a specific purpose, should be maintained at a level equivalent from three to six month’s expenses. The Board of Directors consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities whilst consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

Details of funding sources, how expenditure in the year met objectives is outlined in the notes to the accounts on restricted funding.

Statement on public benefit

The Board of Directors are aware that section 17 of the Charities Act 2011 requires charities to demonstrate that their work is of direct benefit to the public. When planning the EOU’s activities each year, the Board of Directors take due regard of the Charity Commission’s general guidance on public benefit.

In the interest of transparency, the Board of Directors make the following observations on the two key principles of the public benefit.

Principle 1: There must be an identifiable benefit or benefits

1a It must be clear what the benefits are

The EOU provides service to support organisations deliver on their charitable purposes. The services provided and benefits achieved in 2022/2023 are clearly set out in the accounts of objectives and achievements given in the body of this report.

1b The benefits must be related to the aims

The Board of Directors review the activities of the charity against its aims on an ongoing basis and are satisfied that all activities continue to be related to the aims.

1c Benefits must be balanced against any detriment or harm

No specific issues of detriment or harm have been reported.

Principle 2: Benefits must be to the public or a section of the public

2a The beneficiaries must be appropriate to the aims

The EOU offers support to full range of BAMERs in London, including distributing our e-bulletin, to over 950 recipients. These organisations benefit a wide cross section of society in line with EOU’s objects.

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2b Where the benefits are to a section of the public, the opportunity to benefit must not be unreasonably restricted by geographical or other restrictions; or by the ability to pay any fees charged.

The EOU’s services are offered free of charge for the benefit of the Black, Asian, Ethnic Minorities, Migrants and Refugee communities living in London in particular and the society in general.

2c People in poverty must not be excluded from the opportunity to benefit. As outlined above there is no restriction on benefits.

2d Any private benefits must be incidental

A number of private benefits do necessarily arise from the activities of the charity. In particular the charity finds it essential to employ and remunerate staff. These private benefits are, however, incidental as they are a necessary by-product of carrying out the charity’s aims.

ACHIEVEMENT AND PERFORMANCE

CHARITABLE ACTIVITIES – OUR KEY ACHIEVEMENTS IN 2022/2023

I. COMMUNITY CONNECTIONS PROJECT

The Community Connections Project funded by the City Bridge Trust is providing support, advice and training to Refugee and Migrant Community Organisations (RMCOs) to develop their capacity, voice, and leadership through networking activities, partnership development, and collaborations as follows:-

(a). The Islington BAMER Advice Alliance (IBAA):- The Evelyn Oldfield Unit has developed a Consortium of 5 BAMER information, Advice, support and Guidance giving organisations, all of whom are Islington Strategic Advice Partners. Between April 2022 and March 2023, the IBAA Partners delivered direct help and support services to 5,286 Islington residents. The services included the provision of information, advice, support and guidance on housing, welfare benefits, utilities, employment, education, health and other settlement issues from the BAMER Communities background. Covid-19, the cost of living crisis, and the conflict in Ukraine are leading to increased demand for IBAA services, resulting in the need to seek more resources to ensure marginalised communities are not further disadvantaged.

(b). Fundraising and collaboration workshops : - 5 fundraising and 3 collaboration partnership were organised to 135 BAMER organisations and the have secured over £75,000 grants from different sources. EOU is running capacity building services to BAMER groups based in South and West London.

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(c) . Islington BAMER employment forum : The Unit has been working closely with the Islington Council, iWork, Adult learning, Islington Refugee and Migrant Forum, Every Voice, and 23 BAMER groups meeting on quarterly basis to improve the capacity of small BAME organisations to better understand and refer to available support, improve the capacity of mainstream services to better understand and work with residents with multiple and complex issues, and build confidence in relation to employment and employment support among residents from BAME backgrounds.

(e). The London Strategic Migration Partnership (LSMP):- The LSMP is a cross-sector partnership to maintain strategic overview of the state of migration in London. The LSMP meets 3 times a year to discuss on visa and economic growth, Integration and demographic and policy trends. The LSMP bring together in the table London Mayor Office, Home Office, London Council, London Enterprise Panel (LEP) and the Mayor’s Migrant and Refugee Advisory Panel (MRAP) which the Evelyn Oldfield Unit is representing the interest of over 250 BAMER organisations.

II. PARTNERSHIP AND COLLABORATION WORKING

The EOU Chief Executive Officer has been involved in a diverse range of partnership and collaborative work with a number of mainstream agencies, organisations, and BAMER groups both in the delivery of our projects and through being partners of strategic activities and initiatives.

These agencies include Islington Citizens Advice, Islington Law Centre, Islington People’s Right, Help on Your Doorstep, Council of Somali Organisations, Race on the Agenda, Refugee Council, Resource for London, Voluntary Action Islington, Hibiscus Initiatives, Reconnect, London Borough of Islington and GLA. The partnerships and collaborative work has helped the Evelyn Oldfield Unit to develop strong working partnerships.

III. KNOWLEDGE EMPOWERS YOU (KEY) PROJECT

The Knowledge Empowers You (KEY) project for young people from a refugee and migrant background from 10 – 18 years is currently delivering daily online sessions. These include Football, Trip to different parts of the United Kingdom, Guided trip around London, and befriending activities. The project has supported 75 children and young people from refugee and migrant background.

IV. INFORMATION, ADVICE AND GUIDANCE (IAG)

This service provides advice to 123 BAMER clients’ telephone/online one to one basis. We deliver a generic advice service and have a dedicated volunteer caseworker to follow up cases and assist the client reach a satisfactory conclusion of their case. Alongside casework, we run a pro bono Legal Advice service which is staffed by qualified solicitors, which ensures quality advice to beneficiaries at no cost. The pro bono legal advice services aims to:-

• (a) Relieve overcapacity of the mainstream providers such as Islington Law centre, CAB, local legal Advice Centres, Advocacy clinics etc.…

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• (b) To provide free quality legal advice service to the community which is given by qualified solicitors who possess relevant specialist knowledge

• (c) To remedy issues around the complications in accessing legal advice, the long waiting lists and related problems

• (d) To address the issue of affordability of quality legal advice

V. THE ENHANCE DESK SPACE PROJECT:

The Enhance Desk Space partnership project was delivered together with Resource for London. The project provided desk space, training and support to 15 small BAMER groups working to empower and improve the lives of members of their community. These groups were also invited to 7 training sessions and workshop on fundraising, and capacity building and other community development issues.

VI. STRATEGIC PLAN FOR FUTURE PERIODS

The EOU Board of Directors are agreed to review the organisation Business Plan and Fundraising Strategy in 2024 as it is celebrating its 30 years capacity building services.

FINANCIAL REVIEW

The results of the year’s operation are set out in the attached financial statements. The net movement in funds for the year ended 31[st] March 2023 amounted to (£15,971). The retained reserves at 31[st] March 2023 amounted to £95,131 and year ended 31[st] March 2022: £76,160.

RESERVE POLICY

The company is required to determine and explain its policy for free reserves. The Board of Directors have reviewed its free reserve policy and have turned its entire unrestricted fund into an emergency reserve to enable the Evelyn Oldfield Unit to meet its obligations in the event of a shortfall in income or sudden upturn in expenditure. The organisation is aiming at reserves to cover at least 3 months’ expenditure, which is in the range of £11,439, per year.

RISK MANAGEMENT

The Board of Directors have examined the major risk which the Evelyn Oldfield Unit faces and believe that maintaining our free reserves at a reasonable level, combined with our annual review of the controls over key financial systems will provide sufficient resources in the event of adverse conditions. The Board of Directors have also examined other operational and business risks which we face and confirm that they have established systems to mitigate the significant risks.

TANGIBLE FIXED ASSETS

The fixed assets comprise of office equipment.

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FUNDS AVAILABLE

Grants receivable totalled £61,724 (2022: 41,847). We would like to thank the City Bridge Trust, the London Borough of Islington Council (IBAA Project), Enhance Project, and other donors for their support and contributions.

The charity's costs were £45,753 (2022: £52,275), of which £24,005 (2022: £28,160) related to staff costs.

Staff numbers reduced by 0.50 during the year.

Disclosure of information to independent examiner

The Board of Directors have confirmed that there is no information of which they are aware which is relevant to the independent examiner, but of which the independent examiner is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the independent examiners are aware of such information.

VOLUNTEERS the Evelyn Oldfield Unit (EOU) recognises the significant contributions made by volunteers and work placement students.

On behalf of the Board of Directors, staff, BAMER groups and the services users we would like to take this opportunity to thank our volunteers for the excellent and exemplar tasks they have done to the Evelyn Oldfield Unit, BAMER communities and their services users.

Signed by Paul Sathianesan Duraisamy, Chairperson/Director Date: 08/07/2023

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The Evelyn Oldfield Unit Company Limited by Guarantee Year ended 31 March 2023

INDEPENDENT EXAMINER’S REPORT

I report on the accounts of the company for the year ended 31st March 2023, which are set out on pages 11 to 18.

Respective responsibilities of Board of Directors and examiner

The Board of Directors (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The Board of Directors 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 report

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:

• which gives me reasonable cause to believe that in any material respect the requirements:

• to keep accounting records in accordance with section 386 of the Companies Act 2006; and

• to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or

• to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Md IQBAL HOSSAIN MBA, ACCA Date: 08/07/2023

Chartered Certified Accountant

B K Community Accountant Ltd.

124 City Road

London

EC1V 2NX

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The Evelyn Oldfield Unit Company Limited by Guarantee Statement of Financial Activities

(Including income and expenditure account) 31 March 2023

The Evelyn Oldfield Unit Company Limited by Guarantee Statement of Financial Activities (Including income and expenditure account) 31 March 2023	The Evelyn Oldfield Unit Company Limited by Guarantee Statement of Financial Activities (Including income and expenditure account) 31 March 2023	The Evelyn Oldfield Unit Company Limited by Guarantee Statement of Financial Activities (Including income and expenditure account) 31 March 2023	The Evelyn Oldfield Unit Company Limited by Guarantee Statement of Financial Activities (Including income and expenditure account) 31 March 2023	The Evelyn Oldfield Unit Company Limited by Guarantee Statement of Financial Activities (Including income and expenditure account) 31 March 2023	The Evelyn Oldfield Unit Company Limited by Guarantee Statement of Financial Activities (Including income and expenditure account) 31 March 2023	The Evelyn Oldfield Unit Company Limited by Guarantee Statement of Financial Activities (Including income and expenditure account) 31 March 2023	The Evelyn Oldfield Unit Company Limited by Guarantee Statement of Financial Activities (Including income and expenditure account) 31 March 2023	The Evelyn Oldfield Unit Company Limited by Guarantee Statement of Financial Activities (Including income and expenditure account) 31 March 2023
	Incoming Resources	Note	Unrestricted Funds	Restricted	TOTAL Funds 2023	Unrestricted Funds	Restricted Funds	TOTAL Funds 2022
	Donation and Legacies	2	-	-	-	-	-	-
	Charitable activities	3	11,984	49,740	61,724	-	41,847	41,847
	Other activities		-	-	-	-	-	-
	Total Income		11,984 ----------	49,740 ----------	61,724 ----------	- ----------	41,847 ----------	41,847 ---------
	Expenditure:	4
	Fundraising		-	-	-	-	-	-
	Charitable activities		-	45,753	45,753	12,020	40,255	52,275
	Total expenditure		- ------------	45,753 ----------	45,753 -----------	12,020 ------------	40,255 ----------	52,275 ------------
	Net movement in funds		11,984	3,987	15,971	(12,020)	1,592	(10,428)
	Reconciliation of fund:
	Total funds brought forward		59,419	19,741	79,160	71,439	18,149	89,588
	Total funds carried forward		71,403 =======	23,728 ======	95,131 ======	59,419 =======	19,741 ======	79,160 ======

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The Evelyn Oldfield Unit Company Limited by Guarantee BALANCE SHEET AS AT 31 MARCH 2023

The Evelyn Oldfield Unit Company Limited by Guarantee BALANCE SHEET	The Evelyn Oldfield Unit Company Limited by Guarantee BALANCE SHEET	The Evelyn Oldfield Unit Company Limited by Guarantee BALANCE SHEET	The Evelyn Oldfield Unit Company Limited by Guarantee BALANCE SHEET	The Evelyn Oldfield Unit Company Limited by Guarantee BALANCE SHEET	The Evelyn Oldfield Unit Company Limited by Guarantee BALANCE SHEET
AS AT 31 MARCH 2023
FIXED ASSETS	Note		2023		2022
		£		£	£
Office Equipment	9		-		-
Current Assets
Debtors	10	-		35,921	-
Cash at Bank		98,225		59,157
Cash in hand		-		-
Total Current Assets		98,225		95,078
Current Liabilities
Creditors: Amount falling due within one year	11	(3,094)		(15,918)
Net Current Assets			95,131		79,160
Total Assets			95,131		79,160
Funds:
Unrestricted Funds			61,403		49,419
Designated Funds			10,000		10,000
Restricted Funds			23,728		19,741
Total Funds			95,131 ======		79,160 ======
Approved by the Board of Directors and signed on its behalf
By Paul Sathianesan Duraisamy, Chairperson/ Director
Date: 08/07/2023

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The Evelyn Oldfield Unit Company Limited by Guarantee

EXEMPTION FROM AUDIT

For the year 31/03/2023 the company was exempted from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors’ responsibilities:

• The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;

• The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

• These accounts have been prepared in accordance with the provisions applicable to companies subject to the small Companies regime and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The trustees declare that they have approved the accounts above. Signed on behalf of the charity’s trustees

Signed by Paul Sathianesan Duraisamy, Chairperson/Director

Date 08/07/2023

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The Evelyn Oldfield Unit Company Limited by Guarantee

Notes to the financial statements Year ended 31 March 2023

Accounting policies

Basis of the preparation of the accounts

These financial statements have been prepared under the historical cost convention and in accordance with Accounting and Reporting by Charities - Statement of Recommended Practice (SORP revised 2015), the Financial Reporting Standard for Smaller Entities (effective April 2008) and the provisions applicable to companies subject to the small companies regime under the Companies Act 2006.

Incoming resources

All material incoming resources have been included on a receivable basis – i.e. they are included if the date receivable falls within the period covered by these accounts.

Pension costs

The charity operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the charity. Pension costs charges in the Statement of Financial Activities represent the contributions payable by the charity in the year.

Resources expended

These have been analysed using a natural classification.

Depreciation

Depreciation is calculated to write down the cost or valuation, less estimated residual value, of all tangible fixed assets with a cost exceeding £500 over their expected useful lives on a reducing balance basis.

The rates applicable are: IT Equipment Furniture, fittings & equipment

20% 20%

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The Evelyn Oldfield Unit Company Limited by Guarantee

Notes to the financial statements (continuing) Year ended 31 March 2023

2. Income from donations and legacies

Grants, donations and legacies	Unrestricted Funds	Restricted Funds	2023	2022
	£	£	£	£
Small Donation	-	-	-	-
TOTALS	- ======	- ========	- =======	- =======

3. Income from charitable activities

	Un-restricted	Restricted	2023	2022
	£	£	£	£
BBC- Children in Need	-	-	-	23,097
City Bridge Trust (Community Connection)	-	36,600	36,600	-
City Bridge Trust (The inflationary grant)	11,984	-	11,984	-
LBI - IBAA	-	13,140	13,140	18,750
Total Income from charitable activities	11,984 ========	49,740 =======	61,724 =======	41,847 =======

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The Evelyn Oldfield Unit Company Limited by Guarantee Notes to the financial statements (continuing) Year ended 31 March 2023

4. Analysis of Expenditure

	Direct		Support	Total	Total 2022
	Charitable	Governance t	costs	2023
	expenditure	coss
	£	£	£	£	£
Salary, NI andpension(5)	24,005	-	-	24,005	28,160
Volunteer expenses	-	-	-	-	802
Premises & Utilities	17,494	-	-	17,494	17,307
Project Costs	2,504	-	-	2,504	4,670
Administration Costs	530	-	-	530	552
Professional & IE Cost	-	600	-	600	600
Insurance & interest	620	-	-	620	184
Expenses before allocation	45,153 ----------	600 --------	- --------	45,753 ---------	52,275 ---------
Governance Costs	600	(600)
Support Costs	-	-	-
Total Expenses	45,753 ======	- =====	-	45,753	52,275 ======
			=====	=====

The total expenditure (2022/2023), £0 was unrestricted and £45,753 was restricted.

1. Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel Staff costs as follows:

	2023	2022
	£	£
Salaries and wages	19,129	22,411
Social security costs	2,518	3,573
Employers’ contribution to defined pension schemes	2,358	2,176
Total Staff Costs	24,005 ========	28,160 ========

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The Evelyn Oldfield Unit Company Limited by Guarantee

Notes to the financial statements (continuing) Year ended 31 March 2023

No employee earned more than £60,000 during the year (2022: nil). The charity trustees were not paid or received any other benefits from employment with the charity in the year (2022: £nil). No charity trustee received payment for professional or other services supplied to the charity (2022: £nil).

The average weekly number of employees during the year was 1 (2022:1.2).

1. The Board of Trustees have created a designated staff contingency fund of £10,000 to meet unexpected contractual costs relating to staff.

7. Related party transactions

There are no related party transactions to disclose for 2023 (2022: none) There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.

8. Taxation

The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

9. Fixed Assets

	Computer Equipment	Total
	£	£
Cost
At 1 April 2022	9,445	9,445
Additions	-	-
Disposals	-	-
At 31 March 2023	9,445	9,445
Depreciation
At 1 April 2022	9,445	9,445
Disposals	-	-
Charge this period	-	-
At 31 March 2023	9,445	9,445
Net book value
At 31 March 2023	-	-
At 31 March 2022	-	-

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The Evelyn Oldfield Unit Company Limited by Guarantee

Notes to the financial statements (continuing) Year ended 31 March 2023

10. Debtors:

	2023	2022
	£	£
IBAA	-	12,824
BBC CIN	-	23,097
Total	- ========	35,921 ========

11. Creditors: Amounts falling due within one year:

	2023	2022
	£	£
Independent examination	600	600
Social Security and other Taxes	-	-
Accruals	2,492	15,318
Total	3,094 ======	15,918 ======

• Benefits in kind

There were no benefits in kind in the period.

• Board of Trustees’ remuneration, benefits and expenses

Trustees received no expenses, remuneration or benefits in this period.

• Related party transactions

There were no related party transactions in the period.

• Independent examination and accountancy services

During the period, the cost of the examination and accountancy services was £600.

• Glossary of terms

Restricted funds: These are funds given to the charity, subject to specific restrictions set by the donor, but still within the general objects of the charity.

Creditors These are amounts owed by the charity, but not paid during the accounting period.

Debtors: These are amounts owed to the charity, but not received in the accounting period. Prepayments: These are services that the charity has paid for in advance, but not used during the accounting period.

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