Charity Registratlon No. 1044681 Company Registration No, 2921143 (England and Wales) The Evelyn Oldfield Unlt Report and financlal statements For the year ended 31 March 2024 Pa8e No. CONTENT Content of the Board of Trustees Annual Report Board of Trustees, Annual Report 10 Independent Examlnerfs Report 11 Statement of flnancial activitles {includlng the income and expendlture account) 12 Balan sheet 13 Exemptlon from audit 14-18 Notes to the accounts
The Board of Trustees, who are also directors of the charity for the purposes of the Companies Act, Submit their annual report and the flnancial statements for the year ended 31 March 2024. Full name The Evelyn Oldfield Unit Reglstered Charlty number Registered Company number 1044681 2921143 Prlnclpal address Resource for London, 356 Holloway Road, London N7 6PA Board of Trustees Paul sathlanesan Duraisamy- Chair and Board of Trustee Llam CISpsham - Vlce-chalr and Board of Trustee Te5hDme Damte- Treasurer and Board of Trustee Pamella Campbell Board of Trustee Henoke DanSel Board of Trustee Maurice Kollewe Tcheungwe - Board of Trustee Company secretary and CEO Mulat Haregot Bankers Natlonal Westmlnster Bank Plc, PO BOX 7406, 490 Holloway Road, London N7 6HN Independent exaininer Md IQBAL HOSSAIN MBA, FCCA Chartered Certifled Accountant B K Communlty Accountant Ltd. 124 Clty Road London ECIV 2NX
Objects of the charity: The Charity's objects are to promote for the public benefit, all charitable purposes by the following.." Al. 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 excluslvely the unemployedi people with low levels of literacy, Older people, people with disabilitiesi people with long term health conditions and ethnic minorities particularly refugees, asylum seekers and migrants in the UK or Internationally, B). To provlde 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 condltions and ethnic mlnorities particularly refugees, asylum seekers, and migrants who are in conditions of need, hardship or distress, Striictiii"e, governaiice and nianagement The Evelyn Oldfleld Unlt Memorandum and Articles of Association was Incorporated on 21" April 1994 as amended th by Speclal Resolutionlsl dated 26 January 1995 and registered at Charity Commission on 6 March 1995 and th th subsequently amended by special re501ution registered at Companies House on 30 September 2013. The Charltable Company was established under a Memorandum and Artlcle5 of Associatlon which established the obJect5 and power5 of the charitable company and is Eoverned under Its Articles of Association. Method of appointmeiit or electioii of Board of Triistees The governance of the charity is the responsibility of the Evelyn Oldfield Unit Board of Trustees who are elected and co-opted under the terms of the Artlcles of Association. Followlng an Initlal audit of skllls and experience, individuals wlth speclfic skills and voluntary and community organlsations known to the charitable company are offered the opportunity to put themselves or nominees from their organisations forward as potential Board of Trustees. Candidates complete an appllcation form and are intervlewed by a panel of Board of Trustees and recommended by the Board of Trustees to the Annual General meeting for election. If a vacancy arises during the year, or additional Board of Trustees are required, people are appointed by the Board of Tru5tee5 and hold office until the following AGM when they stand for election. One- thlrd of elected Board of Trustees must retire from office at the Annual General meetin& but are ell8ible for reappointment at that meeting. Boai-d of Trustees IndLlCtion, Training and Developiiieiit New Board of Trustees follow an agreed induction process and are offered trainin& development and support to understand and carry out thelr re5ponsibilitles. After appointment the Chair and the Chief Executlve Offlcer Induct new Board of Trustees by givlng them an outllne of the organisation, its governance and strategic plan, a brlefing on what constitutes a confllct of interest as well a5 answering questions p05ed by the new Board of Trustees. Each Board of Trustee is also given a handbook which include5 the latest accounts, key pollcies, procedure5, and is offered mentorlng by more experlenced Board of Trustees. Board of Trustees are encouraged to attend relevant training and development programmes on top of the biannually half day planning, trainin& and development days.
Oi-ganisatioiial structure and decision making The Board of Trustees govern the organisation through quarterly Board of Trustees meetings, and are advised by the finance and personnel sub-committees. The Board of Trustees comprises a minimum of 5 Board of Trustees and a maximum of 15. If a decision cannot be made at the quarterly Board Of Trustees meetlng, it is delegated to a specific group of Board ofTrustees, usually a sub-committee, and the results communicated to all Board of Trustees by email and ratified at the following Board of Trustees, meeting. All Board of Trustees attend one or both of the quarterly finance and personnel sub-committee meetings. The offirS meet between the meetings of the full Board ofTrustees meetings to discuss any immediate issues and to offer support to the Chlef Executive Officer, if any decision are made these are reported to the Board of Trustees informally, as well as to the next meeting. The dayto day management of the organisation 15 delegated to the staff via the Chief Executive Officer. Risli maiiagemeiit I n the last flve years, the Board of Trustees have increased their focus on risk analysis as a mean of protecting the charity and enhanclng its performance. The Board ofTrustees 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 Trustees conf lict of interest, bad publicltyi new legislatlon, negligence, misuse of resources, overstretched management and low staff morale. Measures were Identlfied that mitlgate these potential rlsks and actlons agreed, all of which enabled the charity's Board of Trustee5 to deal effectively with the step reduction in f undlng experience this year. Ongolng mltlgatlon includes providing su1Clent trainlng and sound management for staff, clearly deflned procedures, a survey of staff views, exit interviews, further diversification of funding, use of professional advice and insurance. The Chief Executive Offlcer uses the risk assessment as a management tool for reviewln8 specific projects and activitles with a view to mitigating risk and enhances performance. The Board of Trustee'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 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 Trustees for ratificatlon. Reserve policy The Board of Trustees have assessed the major risks to whlch the charity is exposed, in partlcular those related to the operatlons and finances of the charity. The risk register is reviewed annually. The Board Df Trustees are sat15fied that systems are in place to mitigate exposure to the major risks. It is the policy of the charity that unrestricted funds, whlch have not been de51gnated for a specific purpose, should be maintained at a level equivalent from three to Six month's expenses. The Board of Trustees 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 charltV5 current activities wh ilst consideration Is given to ways in whlch additional fund5 may be raised. This level of reserves has been malntained throughout the year. Deta115 of fundlng sources, how expenditure in the year met objectives Is outlined in the notes to the accounts on restricted fundi ng.
Stateinent on public benefit The Board of Trustees are aware that sectlon 17 of the Charities Act 2011 require5 charities to demonstrate that their work is of direct benefit to the public. When planning the EOU'S activitie5 each year, the Board of Trustees take due regard of the Charlty Commission's general guidance on public benefit. In the interest of transparency, the Board of Trustees make the followSng observatlons on the two key principles of the public beneflt. Priiiciple I: There inust be an ideiitifiable beiiefit or benefits la 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 202312024 are clearly setout in the accounts of objectives and achievements given in the body of this report. Ib The beneflts must be related to the aims The Board of Trustees review the activitles of the charity against its aims on an on8olng basls and are satisf5ed that all activltles contlnue to be related to the aims. Ic Beneflts must be balanced agalnst any detrlment or harm No specifSc issues of detriment or harm have been reported. Principle 2: Benefits Iiiust be to the piiblic or a seLtioii of the public 2a The beneflclaries must be approprlate to the alms The EOU offers support to full range of 8AMERs in London, including distributing our e-bulletin, to over 450 reclplents. These organ15atlons beneflt a wide cross sectlon of soclety in Ilne wlth EOU'S objects. Zb Where the beneflts are to a Section of the public, the opportunity to beneflt must not be unreasonably restrlcted by geographica l or other restrittions; or by the ability to pay a ny fees charged. The EOU'S services are offered free of charge for the benefit of the Black, Asian, Ethnic Minorities, Migrants and Refugee communltles Ilvlng In London in partlcular and the society in general. People in poverty must not be excluded from the opportunity to benefit. As outlined above therels no re5trlction on benefits. 2d Any prlvate beneflts must be Incldental A number of prlvate beneflts do necessarily arise from the activities of the charlty. In partlcular the charlty finds it essential to employ and remunerate staff. These private benefits are, however, incidental a5 they are a necessary by-product of carrying out the charlty's aims.
ACHIEVEMENT AND PERFORMANCE CHARITABLE ACTIVITIES- OUR KEY ACHIEVEMENTS IN 2023 2024 COMMUNITY CONNECTIONS PRO ECT The Community Connections Project funded by the City Bridge Foundation 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}. Black Cultural Centre: The Evelyn Oldfield Unit has been Invoved tn the Islington Black Cultural Centre and actively encouraging local black, migrant and refugees community organisations and individuals from 2023- 2024. The need to deliver a centre forthe Blackcommunity is evidenced in the communities Let'sTalk Islington engaEement finding and research that was commissioned and delivered by the Ubele Inltiative 'Bein8 Black in Islington,. The research unveiled slx key themes that were used to create a vislon and purpose for a Black Cultural Centre. That Vision bein8.'_ rf Create a space that primarily unites residents from Black African and Caribbean backgrounds but is Inclusive to all ethnic groups. O Providea safe environment that allows groupsto come to8etherto address issues that impactthe community dlsproportlonatelv. O Provide opportunities for educatlon and provlde positive representation of 81ack hlstory, Black Scons, art, culture and heritage. O Empower marglnalised groups and create a sense of connection and belonging to the borough. rf Signpost services and opportunities that can support marginalised groups. O Provide health (mental and physlcal) and wellbelng services including holistlc and therapeutlc support In response to trauma and abuse. O Develop and nurture budding entrepreneurs and new community organisations. O Demonstrate Isllngton's commitment and dedicatlon to supportlng and empowerlng mar8inallsed groups. O The Islington Black Cultural Centre15 now at 16- 18 Hornsey Road, N7 7BT. Thls Is a very good opportunlty for the black communlties in Islington and the leadership taken by the London other London boroughs to followthis active engagement and support to black communities at this very difficult and challing time in the sector. Ibl. The Isllngton BAMERAdvlce Alllance (IBAA):. The Evelyn Oldfield Unit has developed a Con50rt1um of 7 BAMER informatlon, Advlce, support and Guidance giving organisations, all of whom are Islington Strategic Advice Partners. The Evelyn Oldfield Unit has supported the IBAA rnembers to secure £400,000 funding from the London Borough Islington Councll for the periode April 2024 March 2028. IBAA members has delivered Between April 2023 and March 2024, the18AA Partners delivered direct help and support services to 5,596 Islington residents. The services included the provision of information, advi, support and guidance on housin& welfare benefits, utilities, employment, education, health and other settlement issues from the BAMER Communities background. The cost of livlng crlsls, and the conflict in Ukralne are leading to increased demand for IBAA services, resulting in the need to seek more resources to ensure marginalised communities are not further disadvantaged. The services also include referral servlces to L81 Housing and other local agencies. (c). Islington BAMER employment forum- The Evelyn Oldfield Unit has been working closely with the London Borough of Islington Council. iwork, Adult learnin& Islington Refugee and Migrant Forum, Every Voice, and over 35 BAMER groups meeting on quarterly basis to Improve the capacity of Small BAME organi5ation5 to better understand
and refer to avallable sUPPOrt, Improve the capacity of mainstream services to better understand and work with residentswith multipleand complex issues, and build confidence in relation to employment and employment support among residents from BAMER backgrounds. The Evelyn Oldfield Unit and Islington Refugee & Migrant Forum have been working to support research for Islington council iwork lead by Staffordshire University and University College London) is commissioned by the London Borough of Islington entalls an investigation into 'work-based harms, (poor H&S, unpald wages, bullyin& discrlmination, and harassment) and how this links to low paid and precarious work, and lower levels of unionisatlon, Secondly, the want to look at the ways in which unions are active In the BorouEh and what the councll could be doing to support and promote unionisation. This work will contribute to ongoing initiatives around promoting good work. Poor condition5 of work examples include low pay. bullying. dlscrimlnation, barrier5 to benefit clalms, wage theft, unfair dismissal, poor health and safety etc. Thus, the research perspectives will be on: the experlence5 of the BAMER communitles of inequalitles and work-based harm5, how BAMER/cvs is addresslng this (examples of inltiative5, campaigns), and Voluntary Sector communities, engagement and working with other agencles and trade unions. Both organisations were therefore asking anyone working in Islington to complete the short and slmple"form" and should they need support through local organisations as well as contacting either IRMF or EOU dirertly via emall. {dl. West London BAMER Organlsations:. The Evelyn Oldfield Unit has been sharing the partnership and collaboratlon working expreince of the North London IBAA partnership and collaboration work for the groups In West London share the exprelnce of the groups works and develop thelr partnershlp as a result of thSs the organisatlons has developed very strong partnership and gain funding from the NLCF and Ealieing Council. Thi5 will be a very good example of partnership worklng for other BAMER group5 In South London and East London In the future to share the expreince of the North London and West London Partnership approach, le). Communlty of Tlgray In the Unlted Klngdom: The Evelyn Oldfield Unit has supported the development of the Charity by provlding regular capacity bullding services to develop its system5• policles and to successfully Celebrate Its 35th years Annevsary in 2024 and work with other local and reglonal community groups and work closely wlth the London Borough Lambeth Council to meet the unmet needs of their communities. (fl. Good governance, fundralsing and collaboration workshops., _ The Evelyn Oldfleld Unit has been working with over 60 BAMER organisatlons on fundraisingi Governance, Collaboratlon and Partnershlp worklng and also providing capacity buildin8 servlces to over 25 individual BAMER communities. Igl. Migrant and Refugee Advisory Panel (MRAP):. MRAP which is lead by the Mayor London Senior staff and brings BAMER groups and other strategic agencies and government departments in London. To discuss, shape and and Inform policles and practlces which the Evelyn Oldfleld Unlt is representlng the interest of over 200 BAMER organisations In London. 11. PARTNERSHIP AND COLLABORATION WORKING The EOU Chief Executlve Officer has been involved in a diverse range of partnership and collaborative work wlth a number of mainstream agencies, organisations, and BAMER groups both in the delivery of our projects and through belng partners of strategic activlties and initiatives. These agencies include 1s1ington Citizens Advice, Islington Law Cent, Islington People's Right, Help on Your Doorstep, Councll of somali Organisatlon5, Race on the Agenda, Refugee Council, Resource for London, Voluntarv Action Islington, Hibiscus Initiatives, Reconnect, London BorouEh of Islingron and GLA. The partnerships and ollaborative work has helped the Evelyn Oldfleld Unlt to develop strong working partnerships.
- ICNOWLEDGE EMPOWERS YOU KEY PRO ECT The Evelyn Oldfield Unit (EOU) has been working with over 200 young people from North London and South London from a refugee and migrant communities background from 10- 30 years old on football and other sport activities to empower them, fully partlcllpat in the society and maximise their potential to contribute to the wider society. Jv. INFORMATION ADVICE AND GUIDANCE IAG This service provides advice to 97 BAMER cllents, telephone/online one to one basls. We deliver level l immigration advice service and have a dedicated volunteer caseworker to follow up cases and assist the client reach a satisfactory conclusion of their case. v,THE ENHANCE DESK SPACE PRO ECT The Enhance Desk Space partnership proJect was delivered togetherwith Resource for London. The project provided desk space, training and support to 10 small BAMER Eroups working to empower and improve the live5 of members of thelr community. These groups were also Invited to 5 trainln8 sessions and workshop on fundraisin& and capacity buildlng and other communlty development issues. VI. STRATEGIC PLAN FOR FUTURE PERIODS The EQU Board of Trustees are agreed to review the organisation Busine55 Plan and Fundraising Strategy in 2025 when It Is celebratlng Its 30 years capacity bullding services annlversary, FINANCIAL REVIEW The results of the yearfs operation are set out In the attached financial Statements. The net movement in funds for the year ended 31" March 2024 amounted to1£27,941}. The retained reserves at 31" March 2024 amounted to £67,190 and year ended 31" March 2023: £95,131. RESERVE POLICY The company Is required to determine and explain its policy for free reserves. The Board of Trustees have reviewed it5 free reserve pollcy and have turned it5 entire unrestricted fund into an emergency reserve to enable the Evelyn Oldfield Unit to meet its obllgations in the event of a shortfall In income or sudden upturn in expendlture. The organisatlon Is aimlnE at reserves to cover at least 3 months, expenditure, which is in the range of £13,428, per year. RISK MANAGEMENT The Board of Trustees have examinedthe major risk which the Evelyn Oldfield Unit faces and believe that maintaining our free reserves at a reasonable level, combined wlth our annual review of the controls over key financial systems wlll provide sufflcient resources in the event of adverse conditions. The Board of Trustees have 3150 examined other operational and busine55 rlsks which we face and confirm that they have established systems to mitigate the 51gniflcant rlsks. TANGIBLE FIXED ASSETS The fixed assets comprise of office equlpment.
FUNDS AVAILABLE Grants recelvable totalled £25,772 {2023: 61,724). We would like to thank the City Bridge Foundation, the London Borough of Islington Council {IBAA Project), Enhance Project. and other donors for their support and contrlbutions. The charity's costs were £53,71312023: £45,753), of which £29,398 {2023: £24,005) related to staff costs. Disclosure of information to independent examiner The Board of Trustees have confirmed that there is no information of which they are aware whlch 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. VOLUNTEER5 the Evelyn Oldfield Unit IEOU) recognises the signlficant contributions made by volunteers and work placement students. On behalfof the Board of Trustees, staff, BAMER groups and the services users we would like to take thls opportunity to thank our volunteers for the excellent and exemplar tasks they have done to the Evelyn Oldfield Unit, 8AMER communities and their services users. Signed by Llam Cllpsham, Vice-Chalrperson/Director Date.. 30/1212024
The Evelyn Oldfield Unit Company Limited by Guarantee Year ended 31 March 2024 INDEPENDENT EXAMINER'S REPORT I report on the accounts of the company for the year ended 31st March 2024, which are set out on pages 11 to 18. Respectlve re5ponslbllltles of Board of Directors and examiner The Board of Director5 (who are also the directors of the company for the purpose5 of company law) are responsible for the preparatlon of the accounts. The Board of Directors consider that an audlt15 not required for this year under Section 144(2) of the Charltles 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 examinatlon, 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(51{b) of the 2011 Act. and to state whether particular matters have come to my attention. Basls of Independent exam5ner's report My examinatlon was carrled out in accordance wlth the general Directions given by the Charlty Commission. An examinatlon includes a review of the accounting records kept by the charity and 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 concernlng any such matters. The procedures undertaken do not provide all the evidence that would be requlred In an audit and consequently no opinion is given as to whether the accounts present a 'true and fair vlew, and the report is limited to those matters set out in the statement below. Independent examlner's Statement In connectlon wlth my examlnatlon, no matter has come to my attention: which gives me reasonable cause to belleve 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 requlrements of section 396 of the Companles Act 2006 and wlth the methods and prlnclples of the Statement of Recommended Practice.. Accountlng and Reporting by Charltles have not been met; or to which, In my opinion, attention should be drawn in order to enable a proper understandlng of the accounts to be reached. Md IQBAL HOSSAIN MBA, FCCA Date: 30112/2024 Chartered Certified Accountant B K Community Accountant Ltd. 124 City Road London, ECIV 2NX io
The Evelyn Oldfield Unit Company Limited by Guarantee Statement of Financial Activities (Including income and expenditure account) 31st March 2024 Incoming Resources Note Unrestrlcted Funds TOTAL Restrlcted Funds 2024 TOTAL Funds 2023 Unrestrlcted Reslricted Funds Funds Donallon and Legacles Charitable activlties 3,060 22.712 25,772 11,984 49,740 61,724 Other actlvitles Total Income 3,060 22,712 25,772 11,984 49,740 61,724 Expendlture: Fundralslng Char5table activltles 53,713 53,713 45,753 45,753 Total expenditure 53.713 53,713 45.753 45,753 Net movement In funds 3,060 (31,001) (27,941) 11,984 3,987 15,971 Reconclllation of fund: Total funds brought forward 71,403 23,728 95,131 59,419 19,741 79,160 Total funds carrled forward 74,463 (7,273) 67,190 71,403 23,728 95,131 li
The Evelyn Oldfield Unit Company Limited by Guarantee BALANCE SHEET AS AT 31st MARCH 2024 FIXED ASSETS Note 2024 2023 Olflce Equlpment Current Assets Debtor8 io Cash at Bank 69,592 98,225 Cash In hand Total Currenl Assels 69,592 98,225 Current Liabilitie8 Credltors: Amount falling due within one year li (2,402) {3,094) Nel Current Assets 67,190 1 67,190 95,131 95,131 Total Assets Funds: Unrestrlcted Funds 64,463 10,000 (7,2731 67,190 61,403 10,000 23,728 95,131 Deslgnated Funds Restrlcled Funds Total Funds Approved by the Board of Trustees and signed on Its behalf By Llam Clipsham, Vice-chalrperson and Board of Trustee Date: 3011212024 12
The Evelyn Oldfield Unit Company Limited by Guarantee EXEMPTION FROM AUDIT For the year 3110312024 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 Iheir 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 Board of Trustees declare that they have approved the accounts above. Signed on behalf of the charity's trustees Signed by Liam Clipsham, Vice-chairperson and Board of Trustee Date 3011212024 13
The Evelyn Oldfield Unit Company Limited by Guarantee Notes to the financial statements Year ended 31st March 2024 Accountlng 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 practi (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. Incomlng 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% 209/. 14
The Evelyn Oldfield Unit Company Limited by Guarantee Notes to the financial statements (contlnuing) Year ended 31st March 2024 2. Income from donations and legacles Grants, donations and legacies Unrestricted Funds Restricted Funds 2024 2023 Small Donation TOTALS 3. Income from charltable actlvities Un-restrlcted Restricted 2024 2023 City Bridge Trust Communit Connectlon City Bridge Trust The Inflationar LBI - IBAA Total Income from charitable activities 12,200 12,200 36,600 rant 3,060 3,060 11,984 10,512 22,712 10,512 25,772 13,140 61,724 3,060 15
The Evelyn Oldfield Unit Company Limited by Guarantee Notes to the financial statements {continuing) Year ended 31st March 2024 4. Analysis of Expenditure Direct Charitable expenditure Governance costs Support Total costs 2024 Total 2023 Salary, Nl and pension (5) Volunteer expenses Premises & Utilities Project Costs Administration Costs Professlonal & IE Cost Insurance & interest 29,398 29,398 24,005 19,049 3,598 610 19,049 3,598 610 435 623 53,713 17,494 2,504 530 600 620 45,753 435 623 53,278 Expense5 before allocation Governance Costs Support Costs Total Expenses 435 435 (4351 53,713 53,713 45,753 The total expenditure {202312024), £0 was unrestricted and £53,713 was restrlcted. 5. Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel Staff costs as follows: 2024 2023 Salarles and wages Social security costs Employers, contribution to defined pension schemes 26,867 19,129 2,518 2,358 24,005 2,531 29,398 Total Staff Costs 16
The Evelyn Oldfield Unit Company Limited by Guarantee Notes to the financial statements (continuing) Year ended 31st March 2024 No employee earned more than £60,000 during the year {2023: nil). The charity trustees were not paid or received any other benefits from employment with the charity in the year (2023: £nil). No charity trustee received payment for professional or other services supplied to the charity {2023: £nil). The average weekly number of employees during the year was 1 (2023.1). 6. 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 2024 (2023: 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. Flxed Assets Computer Equipment Total Cost At1A ril 2023 Additions Dis osals At 31 March 2024 Depreciation At1A ril 2023 Disposals Charge this perlod At 31 March 2024 Net book value At 31 March 2024 At 31 March 2023 9,445 9,445 9,445 9,445 9,445 9,445 9,445 9,445 17
The Evelyn Oldfield Unit Company Limited by Guarantee Notes to the financial statements (continulng) Year ended 31st March 2024 l O. Debtors: 2024 2023 IBAA BBC CIN Totsl 11. Credltors.. Amounts falllng dué within one year: 2024 2023 Inde endent examination Soclal Securlty and other Taxes Accruals 400 600 2.002 2,402 2,492 3,094 Total Beneflts in klnd There were no benefits in kind in the period. Board of Trustees, remuneration, benefits and expenses Trustees received no expenses, remuneration or benefits in Ihis period. Related party transactions There were no related party transactions in the period. Independent exam inatlon and accountancy servOc•s During the period, the cost of the examination and accountancy services was £600. Glossary ofterms 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. These are amounts owed by the charity. but not paid during the accounting period. These are amounts owed to the charity, but not reiVed in the accounting period. These are services Ihat the charity has paid for in advance, but not used during the accounting period. Creditors Debtors: Prepayments: 18