Charity registration number 1057968 Company Registration number: 3168660 THE RUTH WINSTON CENTRE TRUSTEES. REPORT AND FINANCIAL STATEMENTS 31 March 2024 COLUNS CHARTERED ACCOUNTANTS WEST MIDLANDS
Contents Page Reference and Adrninistrative Details Report of the Trustees Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to Financial Statements
THE RUTH WINSTON CENTRE Company Infonnation Trustees M Waller J T Golby (freasurerl Chair) J Brewer C S Rash (Vice Chair) P Reynolds P L Conway E F H Misselke P Fisk H Malouf (Resigned 18 Oct 2024) (Resigned 26 Sept 2024) (Appointed 12 Dec 2023) Company numbor 3168660 Charlty number 1057968 Reglstsred office Ruth Winston House 190 Green Lanes Palmers Green London N13 SUE Independent Examlner Collins The Lodge Castle Bromwich Hall Chester Road Castle Bromwich West Midlands B36 9DE Bankers Bardays Bank plc 62 High Road Wood Green London N22 6DH
THE RUTH WINSTON CENTRE Report of the Trustees For the year ended 31 March 2024 The Trustees are pleased to present their report together with the financial statements of the charity for the year ended 31 March 2024. The Charsty was incorporated 6th March 1996 as a Company Limited by Guarantee and does not have a Share Capital. The Memorandurn of Artides of Association are as amended by Special Resolution passed on 22nd July 1996, 11 th January 2007, 20th January 2014, 23rd October 2019 and 22nd March 2022. The charity occupy the Premises under the terms of a commercial lease from the London Borough of Enfield for a temi of twenty years renewed from 2016. Objectlves of the Charlty To promote healthy ageing, independence, lrfelong leaming and activities for the inhabitants of The London Borough of Enfield and surrounding area with priorty being given to the over 50's, Governance Ruth Winslon Centre is a registered charity founded in March 1961 and is a company limited by guarantee. Prior to its incorporation it was known as the SoLrthgate Old Peoples Welfare committee having been originally founded in 1961. The memorandum and articles of the Company as amended from time to time and filed at Companies House constitute it's goveming documentation. There is a board of Trustees IDirectors, currently seven, who meet regularly to administer the charity. Our President is the mayor (for the time) of London Borough of Enfield and Vice President is Willow Winston. Ruth Winston Centre is the sole Corporate Trustee of a charity, now known as the Woolnough Fund, which has been fomially Linked to it by the Charity Commission. Organlsatlon The organisation, had like many, suffered the effects of the Covid Pandemic and during the year under review and there was a need for an urgent review of staffing arrangements. The Centre Manager had resigned in April 2022. Subsequently, the long serving part time accounts Manager was employed as both full time Centre and Accounts Manager, which worked well but the Charity were very short staffed and our volunteers, team had reduced. We sought a Front Office Administrator and in the interim, managed with part-tlme and temporary agency staff and loyal volunteers. In the event, a job share was organised. The Trustees decided that. the part-time (3days) volunteer Front Office Administrator should also become a permanent Deputy Centre Manager and the other part-time (2days) pennanent Front Office Administrator. A further staff vacancy remains. A number of loyal volunteers make a huge and very valuable contribution in helping the recovery by assisting with the day to day running of the Centre but we have yet. to recruit the same number we had pre covid. Through Enfield Voluntary Action (EVA) and other established organisation's courses, we have provided our staff, trustees, and volunteers with training in Safeguarding Adults, Volunteers Managing Risk, Moving and Manual Handling, Fire Risk, Heart Start Refresher First Aid Training, to operate our defibrillator unit, Understanding Funders, Food and Hygiene and Roles and Responsibilities of a Trustee and GDPR.
THE RUTH WINSTON CENTRE Report of the Trustee8 For the year ended 31 March 2024 Organlsatlon ( cont'dl All activities and facilities at the Centre aim to help our members to remain fit, active, engaged, and independent and are open to include everyone from all cultures and ethnic backgrounds being resident in the London Borough of Enfield, and various adjoining areas, with priority for those, who are 50 years of age and over and resident in the Borough of Enfield. In order to ensure the same opportunity to access our services by those, who would otheMi8e suffer from loneliness, isolation, and social or digital exclusion. No one has been refused admission to an activity or facility if helshe could not afford the cost. Recently the objects of the Woolnough Fund, which provide by means of grants to assist those in financial need, are being expanded to enable certain fees, which are waived to be subsidised. We are affiliated to a range of other organisations including Enfield Voluntary Action., Enfield Dementia Network, Enfield Older Peoples Partnership Board and National digital inclusion network. Strategy 2021-2026 Our strategy as originally proposed prior to the Covid Pandemic was designed to address slow decline in membership, which our research indlcated was due in part to an ageing dernographic amongst our existing members and in part to people, who retired or who were semi-retired, who might have replaced them, having less free time because of childminding duties or part-time work. We decided to take positive steps to increase membership and to promote additional classes and actlvltles. Our plans were thrown into disarray during and immediately after the Covld Pandemic and we n88d to reappraise the services and facllities were providing to ensure that we were meeting a current need. Following Covid and the Centre fully reopened mernbers and volunteers ware very slow to retum. Older members appeared reluctant to mix and others saemed to have adopted a new lrfestyle, which did not involve the Centre. Overall, the Pandemic had a dramatic negative effect on the Charity, which thankfully we have now been able to address. The Trustees decided that they must set about rejuvenating the Charily. The core aim of providing a better quality of life and increased independence for the over 50s in Enfield and the surrounding areas remained but it was decided that we should attempt to widen our membership to all inhabitants whilst retaining priority for the over 50s in Enfield Borough. With the consent of the Charity Commission our governing document was amended to reflect this change. It was also decided to attempt to expand our classes and activities and explore the possibility of obtaining funding grants to develop new seNices, which we would otherwise be unable to afford and that consideration should be given to expanding evening classes. Our updated website provided clear Infonnation about the services we offer and we invested in a new computer programme to increase our efficiency and record keeping particularly financial. A d8cision was made to promote Digital Inclusion. We are conscious that many older people are digitally excluded and we offer support on various devises and mobile phones. Having obtained the required Grant, we upgraded our computer training room and we offer advice on "getting on line.. We also organised Quizzes, Bazaars, and Plant sale and Special lunches to raise additional funds. Following the Pandemic our membership had fallen drastically to around only 300 but because of efforts made by our staff, the Trustees, and volunteers it has risen back, almost to pre-covid times. As at the end of the reporting year 31st March 2024 it was and currently it is now over 600, but there is still some way to go b8fore we reach Pre-Pandemic levels. We are also urgently seeking both volunteers and trustees for specialist roles or general support.
THE RUTH WINSTON CENTRE Report of the Trustee8 For the ear ended 31 March 2024 Strategy 2021-2026 ( Cont'd) In the meantime we continue to aim to deliver the original Objects of the Charity through servlces, classeslgroups and facilities in a community environrnent, to include everyone from all cultures and ethnic backgrounds from the local community with the aim of providing the same opportunity to all in our self-contained building, enabling our members to enjoy an active, independent and healthy lifestyle via the provision of a wide range of fitness related classes and talks, computerllT training classes, handcraft and art classes, board games, languages, social networking opportunities, membership of clubs and health maintenance and screening services. During the year 2023-2024 we were not able to organise any trips but we did reopen the kitchen to provide hot food and special lunches which proved popular. Revlew of Actlvlti88 and Facllltles At the end of the reporting year, we had approximately 40 cla8seslgroup8 and activities during the week plus several Clubs and self-run interest Groups. We continue to attempt to expand these to achieva maximum usage of our accommodation and reach as many older people as possible plus a younger working age group, who would be able to benefit from the services, facilitie8, and companionship we provide in a friendly communlty setting. We are also offering evening classes. Income generatlon durlng the year During the reporting year we made a surplus of £47,035. Reserve8 Pollcy and Rlsk Management The Charity has a reserves policy. In recent reviews, Trustees have emphasised their detennination that the Charity should be managed in perpetuity for future generations. Assets of the Charity are held to provide funds to support the charity, if and when income diminishes in order to meet the charity's aims and activities. the Trustees again made a conscious declslon to rnaintain a steady level of service to our members, content to spend some of the reserves to cover the reduction in income. As at 31 March 2024 the Unrestricted Reserves were £270,433.
THE RUTH WINSTON CENTRE Report of the Trustees For the ear ended 31 March 2024 Trustees, Responsibilities in Relation to the Financial Statements Company law requires the Trustees to prepare financial statements that give a true and fair view of the state of affairs of the charity at the end of the financial year, and of its surplus or deficit for the financial year. In doing so the Trustees are required to: -select suitable accounting policies and then apply them consistently, -make judgments and estimates that are reasonable and prudent; and -prepare the financial statements on the "going concern" basis unless it is inappropriate to assume the Charity will continue in business. The Trustees are responsible for rnaintsining proper accounting records, which disclose with reasonable accuracy at any tirne, the financial position of the charity and enables them to ensure that the financial statements comply with the Company's Act 1985. The Trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention of fraud and other irregularities. the tees: John G hair of Trustees 4 December 2024
THE RUTH WINSTON CENTRE Independent Examiner's Report to the Trustees We report on the accounts for the year ended 31 March 2024 set out on pages seven to thirteen. Respectlve responslbllltoes of trustees and examlner The charity's trustees (who are the directors for the purpose of company law) are responsible for the preparation of the accounts. The charity'8 trustees consider that an audit is not required for this year (under Section 144 (2) of the Charities Act 2011 (the 2011 Act)) and that an Independent examination is required. Having satisfied ourselves that the charity is not subject to audit under company law and is eligible for independent examination, it is our responsibility to: examine the accounts under Sectlon 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 our attention. Basls of the Independent examlnefs report Our examination was carried out in accordance with the General Directions given by the Charity Commission. An examlnation includes a revlew 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 dlsclosures in the accounts, and seeking explanalions 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 acGounls present a 'true and fair view and the report is Ilrnlted to those matters set out in the statemenls below. Independent examlnerfs statement In connection with our examination, no matter has come to our attention: (1) which gives us reasonable cause to believe that, In any materlal aspect, the requirements - to keep accounting records In accordance with Section 386 and 387 of the Companles Act 2006; and to prepare accounts whlch accord with the accounting records, comply wlth the accounting requlrements of Sections 394 and 395 of the Companies Act 2006 and with the methods and principles of the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) have not been met., or {2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Colllns Chartered Accountants The Lodge, Castle Bromwlch Hall Chester Road Castle Bromwlch West Midlands B36 9DE Date: 4 December 2024
THE RUTH WINSTON CENTRE Statement of Financial Activitles For the year ended 31 March 2024 Restricted Unrestricted Funds funds Total Notes 2024 2023 Income and endowments Donations for room hire Activity class fees Membership fees Donations and other income Investment Income Total 23,477 23,477 67,310 67,310 16,195 16,195 39,547 62,072 4,708 10,029 151,237 179,083 25,256 41,119 11,734 38,122 3,559 119,790 22,525 5,321 27,846 Expendlture Direct charitable expenses Management and administration 61,178 61,178 92,744 92,744 47,993 94,840 Total 153,922 153,922 142,833 Net Incomel(expendlture) Movernant on bank investments 27,846 6,075 (2,685) 25,161 15,799 21,874 (23,043) (6,400) Net Movement in funds 33,921 13,114 47,035 (29,443) Roconclllatlon of funds; Total funds brought forward Total funds carrled forward 137,161 257,319 394,480 270,433 441515 423,923 171082 Contonulng operatlons All Income and expenditure has arisen from continuing activitie8.
THE RUTH WINSTON CENTRE Balance sheet As at 31 March 2024 Notes 2024 2023 Flxed assets Investments Tangible assets 386,551 12,287 398,838 362,148 5,960 368,108 Current assets Debtors Cash at bank 3,493 45,754 49,247 3,266 32,313 35,579 Credltors: amounts falling due within one year 6,570 9,207 Net current assets 42,677 26,372 Net assets 441,515 394,480 Funds Unrestricted Funds 273,898 257,319 Restricted Funds Capital 5,570 Revenue 162,047 137,161 167,617 137,161 441,515 394,480 The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. Members have not required the company to obtain an audit in accordance with section 476 of the Act. The directors acknowledge their responsibilities for complying with the requirements of the Companles Act 2006 with respect to accounting records and the preparation of account8. The financial statements have been prepared in accordance with the special provisions applicable to companies subject to the small Gompanies regirne. The Income and Expenditure account has not been delivered to the Registrar of Companies. The financial statements were approved by the board on 4 December 2024 On behalf J Golby Trustee
THE RUTH WINSTON CENTRE Notes to the financlal statements For the year ended 31 March 2024 Accounting policles 1.1 Basis of Preparation of Financial Statements Tha Financial Statements are prepared under the historical cost convention and include the results of the Charitys operations, which are described in the Trustees, Report The Financial Statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS102) issued on 16th July 2014 and the Financial Reporting applicable by the United Kingdom and Republic of Ireland (FRS102) and the Charities Act 2011. The Charity has taken advantage of the exemption in Financial Reporting Standard No.1 from the requirement to produce a cash flow statement. 1.2 On 29th April 2021 , The Charity Commission directed that the charities known as the Woolnough Charity, Southgate and the Ruth Winston Centre ('the linked charities,) shall be treated as forming part of the charity known as Ruth Winston Centre Cthe reporting charity,) for the purposes of Part 4 (registration) and Part 8 (accounting) of the Charities Act 2011. This direction takes effect for the whole of the financial year of the reporting charity in which it is now made. On 28th April 2021, with the consent of the Charity Commission, the name of the Charity was changed from 'The Woolnough Charity, Southgate, to 'Woolnough Fund,. 1.3 Statement of Directors'trrustees, Responsibilities Company Law requires the directorsltrustees to prepare Financial Stalements for each Financial year, whiGh give a true and fair view of the state of affairs and of the surplus or deficit for th8 period. In preparing these Financial Statements, the directors'ltrustees are required to: select suitable accounting policies and then apply consistency; make judgements that are reasonable and prudent; prepare the Financial Statements on an ongoing conrn basis. The direGtors'ltrustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at the time the financial position of the Charity. They are also responsible for safeguarding the assets of the Chartty and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
THE RUTH WINSTON CENTRE Notes to the financial statements - (contlnued) For the year ended 31 March 2024 1.4 Tangible Fixed Assets for use by the Charity and Depreciation Tangible fixed assets for use by the Charity are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis; Office fumiture, computers and equipment- 3 to 10 years straight line basis 1.5 Investments Investments are shown at current market value 1.6 Income Donations and sundry income are accounted for a reiVed by the Charity. All other income is accounted for on an accruals basis. No permanent endowments have been received in the year. 1.7 Value Added Tax Value added tax is not recoverable by the Charity and as such included in the relevant costs in the Statement of Financial Activities 1.8 Management and Administration Expenditure Expenditure on management and administration of the Charity includes all expenditure not directly related to the Charitable activity or fundraising ventures. This includes depreciation, office services and accounting fees. Restricted funds are those funds to be used for specific purposes as laid down by the donor. Expenditure which meets this criteria is charged to the fund. 2 Status of the Charity The Charity is a company limited by guarantee and has no share capital 3 Investment Income 2024 2023 Dividends received Interest reiVed on cash deposits 2,388 7,641 10,029 2,386 1,173 3,559 4 Direct Charitable Expenditure Total Total Direct Costs Support costs 31,344 29.834 23,768 24,225 47,993 All direct charitable expenditure relates to unrestricted funds 10
Notes to the financlal statements (continued) For the year ended 31 March 2024 3 Net incomel(expenditure) Net incomel(expenditure) is stated after charging l(crediting): 2024 2023 DepcIatIon - owned assets Independent examination fee 2,546 870 2,696 870 4 Tru8te83' remuneration and benefits There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the period ended 31 March 2023. Tru8tses' expenses No trustees were paid any travel expenses in either year S Staff c08ts 2024 2023 Wages and salaries 63,343 66,626 The average monthly number of employees including part-time during the. year was as follows: Administration 6 Investments 2024 2023 Ordinary shares in Lloyds bank CCLA Investment funds Bank term deposits 311 278,707 107 533 386 551 256 256,507 105 385 362 148 7 Tanglble fixed assets Totals Cost At 1 April 2023 Additions Disposals At 31 March 2024 63,778 8,873 72,651 Depreclatlon At 1 April 2023 Charge for year Eliminate on disposals At 31 March 2024 57,818 2,546 60,364 Net book value At 31 March 2024 At 31 March 2023 12,287 5,960 11
THE RUTH WINSTON CENTRE Notes to the financial statements (continued) For the year ended 31 March 2024 8 Debtors: amounts falllng due withln one year 2024 2023 Prepayments 3,493 3.266 9 Creditors: amounts falling due wlthin one year 2024 2023 Accrued fees 6,570 9.307 10 Analysis of assets between funds Unrestricted Restricted funds funds Total Tangible fixed assets Investments Current assets Current liabilities 6,717 241,085 32,666 {6,570) 5570 145466 16581 12,287 386,551 49,247 (6,570) 273,898 167,617 441,515 12
THE RUTH WINSTON CENTRE Notes to the financlal statements (contlnued For the year ended 31 March 2024 Incomlng Resources At 1.4.23 resources expended 11 Movement in funds At 31.3.24 Unrestrlcted fund8 General fund 257,319 167,035 (150,456) 273,898 Restrlcted Funds Woolnough Fund Council Grant J Brewer 137,161 11,397 12,525 10,000 (688) (2,778) 147,870 9,747 10,000 137,161 33,922 (3,466) 167,617 Total funds 394,480 200,967 (153,922 441,515 Of the incoming resources £21,874 is unrealised being the re-valuation of investments. 12 Restricted Funds Woolnough Fund: The fund represents arnounts from the original Woolnough trust and is held to fund, independence, lrfelong leaming and activities for the inhabitants of The London Borough of Enfield and surrounding area with priority being given to the over 50's. Council grant: During the year funding was received in respect of obtaining and updating of computer technology within the ntre. The balance will fvnd the futu depreciation of assets capitalised and further costs yet to be incurred. J Brewer: A kind donalion of £10,000 received in the year will be utilised on charitable activities at the discretion of Mrs J Brewer 13