Charfty rngistratlon number. 1057968 Company Registration number. 3168660 THE RUTh WINSTON CENTRE TRUSTEES. REPORT AND FINANCIAL STATEMENTS 31 Mar¢h 2025 COLUNS CHARTERED ACcOUPANTs WEST MIDLANDS
Contents Page Reference and Administrative Details Report of the Trustees Independent Examinefs Report ststement of Financial Acttvities Balance Sheet Notes to Financial Statements
THE RUTH WINSTON CENTRE Company Infomiatlon Trustees J T Golby (Treasurerl Chair) J Brewer C S Rash Ivice Chair) T M Sanford P L Conway E F H Misselke P Fisk H Malouf M H Huggard (Resigned 24 October 2025) (Resigned 28 March 2025) (Appointed 28 Mard) 2025) (Resigned 28 March 2025) (Appointed 17 June 2025) Comi)any number 3168660 Charity number 1057968 RegiFtered office Ruth Winston House 190 Green Lanes Palmers Green London N13 SUE Independent Examiner Collins The Lodge Castle Bromviich Hall Chester Road Castle Bromwich West Midlands B38 9DE BanKers Barclays Bank plc 62 High Road Wood Green London N22 6DH
THE RUTH WINSTON CENTRE Report of the Trustees For the year ended 31 nfiarch 2025 The Trustees are pleased to present their report together with the financial statements of the charity for the year ended 31 March 2025. The Charity was incorporated 6th March 1996 as a Company Limited by Guaranlee and does not have a Share Capital. The Memorandum and Articles of Association are as amended by Special Resolutions passed on 22nd July 1996, 11th January 2007, 20th January 2014, 23rd October 2019 and 22nd March 2022. The charity occupy the Premises under the temis of a commerctal lease from the London Borough of Enfield for a tenn of Iwenty years renewed from 2016. Objectives of the Charfty To promote healthy ageing, independence, lifelong leaming and activities for the inhabitants of The London Borough of Enfield and surrounding area with priority being given to the over 50's. Governance Ruth Winston Centre is a regISted charity founded in March 1961 and is a company limited by guarantee. Prior to its incorporation it was known as the Southgate 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 Cornpanies House constrtute it's goveming documentation. There is a board of Trustees IDirectors. currentEy seven. who meet regularfy to administer the charity. Our President is the mayor (for the time) of London Borough of Enfield and Vice President is WiSlow Winston. Ruth Winston Centre is the sole Corporate Trustee of a charfty, now known as the Woolnough Fund. which has been fomally Linked to it by the Charity Commission. Board of trustees We have had three retirement5 from our 8oard of Trustees in 2025. Chris Rash whose contribution to the Charity has covered some 30 years, principally as Chair of Trustees. retired in March. Chris has worked tirelessly to mould and develop the Centre into the success story it is today. Eric Misselke also retired in March from his role as Chair of FinanGe for the Charity. Eric gave some 17 years of exemplary servi. Jean Brewer has indicated that she wishes to stand down as a Trustee at the AGM after 12 years of servi. Jean is a past Chair of the Charity and has excelled in her role as Siaison with our numerous affiliate groups. We are pleased that Jean wishes to remain as a volunteer. We )Msh them all well in Iheir retirement. We have recruited two new Trustees. Tess Sanford has joined the board followÉng career in the Civil Service and has assumed the role of Company Secretary. Mark Huggard has also joined the Board., he has worked in the over-50's seGtor locally for many years and brings a wealth of knowledge of both marketiruJ and funding. We are expecting to make further Trustee appointments in the coming months.
RUTH WINSTON CENTRE port of the Trustees he year ended 31 March 2025 Fo ha for da sta co olunteers are vital to the smooth running of the Centre. Excluding Trustees. we currently a team of 44 volunteers helping on administration, catering. gardens and transport,. tutors bndge, arts & crafts and our ukulele orchestra. The catering team provide a hot meal every r our members, as well as refreshments for OUT many special events. all prepared in our 5- ygiene rated kitchen. Our gardens have won a silver medal in this years 'Enfield in Bloom, etition. Or dnlsation éptember 2024, we leamed of the sad arKI untimely passing of our much-loved trustee, libe Reynolds. Pauline had only been a trustee for less than 2 years but in that tirne her Ivement in the smooth running of the Centre had become invaluable. Her passing made it r.,to the Trustees that we needed an urgent review ol our operations to make SU we were r. purpose to meet the rigours of our charity going forward. We commissioned one of our ees, Hani Malouf, to conduct a strategic review of our operations. Prior to joining the rd, Hani had recently worked in our front office and gained detailed experience of its anding and often frenzied environment. He is a business consultant by profession and was onsible for implementing our Vagaro administration system. Ha Op i's Report redefined our staffing levels and identified three new POSTtions". General Manager. rations Manager and Front of House Manager. Maria Ortiz Vega was an ideal candidate for Geleral Manager (full time) and similarly, FranSCa Bull as Operations Manager (working thrle'days per week). We could not identify a suitable candidate for Front of House Manager inle Mo nally. so the position was advertised and after a series of interviews. we recruited Rebecca n,, as Front-of-House Manager in January 2025. In Pa inv cl fit f Tr Bo de res Pre ises Ale have reconfigured the whole of the upstairs area of our premises and sealed off the lan ander Room with new, sound-proof partitioning. The Angelinetta Room has now become a uage studio housing up to 12 students and the room opposite is now an administration spaFe,. Ina dition. our Computer Room has been fully refurbished with new terminals paid for by a gra Dig t from Enfield Council. This has allowed us to become a hub for the governments quest for al Inclusion. We offer training courses under the tutelage of our volunteer. The courses are provdr¥g very popular; they are free to the public and it has raised the profile of the centre con iderably by bringing in many new faces
THE RUTH WINSTON CENTRE Report of the Trustees For the ear ended 31 March 2025 Review of Acllvities and Facilitles At the end of the reporting year, we had approximately 52 classeslgroup5 and actsvttles during the week plus several Clubs arKI self-run interest Groups. We continue to attempt to expand these to achieve 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, facilities, and companionship we provide in a friendly community setting. We are also offering evening classes. It is pleasing to note that memberships have increased by around 10% to a level ol some 670 by the dose of the year. Income generatlon durlng the year During the reporting year we made a defKit of £39.382. Reserves Policy and Rlsk Management The Charity has a reserves policy. In recent vIews. Truslees have emphasised their detemination that the Chaiity should be managed in perpetuity for future generations. Our investments are reviewed quarterly to maintain a baland portfolio that allows short temi cover for any reduction in income as well as long term grovAh for the overall fund. As at 31 st March 2025 the unrestricted resepies were £244.386. Trustees, Responsibilities in Relation to the Financial Statements Company law requires the Trustees to prepare financial ststements that give a true and fair view of the state of affairs of the charsty at the end of the financial year, and of Its surplus or deficit for the financial year. In doing so the Trustees are reqUId to: -select suitable accounting poliGies and then apply them cortsistently, -make judgments and estimates that are reasonable and prudent" and -prepare the financial statements on the "going concem. basis unless it is inappropriate to assume the Charity will continue in business. The Trustees are responsible for maintaining proper accounting records, which disclose with reasonable accuracy at any time, the financial position of the charity and enables thern to ensure that the financial statements comply wtth the Companys Act 2006. 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 ifTegularities. of the Jo fTru ees 24 Octo r 2024
TH RUTH WINSTON CENTRE Ind endent Examinerfs Report to the Trustees report on the accounts for the year ended 31 March 2025 set out on pages six to twehie. pectlve responsibllitles of trustses and examiner Th charitvs trustees (tho are the directors for the purpose of company law) are responsible for the, preparalion of the acGounts. The charity's trustees consider that an audit is not required for thi year (under Section 144 {2) of the Charities Act 2011 (the 2011 ACD) and that an independent ex ination is required. ing satisfied ourselves that the charity is not subject to audit under company law and is ble for independent examination. it is our responsibility to.. mine the accounts under Section 145 of the 2011 Act follow the procedures laid down in the General Directions gtven by the Charity Commission er Section 145(5)(b) of the 2011 Act>", and state whether particular matters have come to our attention. is of the independent examinetrs report examination was carried out in accordance with the General Directions given by the Charity mission. An examination includes a review of the accounting records kept by the charity and mparison of the accounts presented with those records. It also indudes consideration of any ual items or disclosures in the accounts. and seeking explanations from you as trustees rning any such matters. The procedures undertaken do not provide all the evidence that Id be required in an audic and consequenuy no opinion is given as to whelher the accounts ent a 'true and falr vieY/ and the report is limited to those matters set out in Ihe statements elig to -to Ou wo In4 endent examinefs statement nneclion with our examination. no matter has come to our attention: ich gives us reasonable cause to believe that. in any material aspecL the requirernents - to keep accountlng records In accordan with Section 386 and 387 of the Companies Act 2006. and to prepare accounts which accord wtth the accounting records, comply with the accounting requirements of Sections 394 and 395 of the Companies Act 2006 ana wilh the methods and principles of the A¢Unting and Reporting by Charities: Statement of Recommended Practice applicabla 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) *e not been met. or to which, in our opinion, attention should b8 drawn in order to enable a proper understanding e accounts to be reached. of Ch Th Ch rtered Accountants Lodge, Castle Bromwich Hall stsr Road tle Bromwlch Imldlands 4DE We B3 24 October 2026
THE RUTH WINSTON CENTRE Statement of Flnancial Activities For the year ended 31 March 2025 Restricted Unrestricted Funds funds Total Notes 2025 2024 Income and endowments Donations for roorn hire Activity class fees Membership fees Donations and other income Investment Income Total 30,698 30,698 77.321 77,321 15,932 15,932 38,490 38,490 8.400 13,500 170,841 175,941 23,477 67.310 16,195 62,072 10,029 179,083 5.100 5,100 Expenditure Direct charitable expenses Management and administration 8,233 2,589 69,418 77,651 122.217 124,806 61,178 92,744 Total 10,822 191,635 202.457 153.922 Net Incomel(expenditure) Movement on bank investrnents (5,722) (4,148) (20.794) (26,516) (8,718) (12,866) 25.161 21,874 Net Movement in funds (9.870) (29,512) {39.382) 47,035 Reconciliation of funds; Total funds brought forward 167,617 273,898 441,515 394,480 Total funds carried forward 157,747 244,386 402,133 441,515 Contlnuing operations All income and expenditure has arisen from continuing actrvities.
THE IUTH WINSTON CENTRE Balah¢e sheet As at 31 March 2025 Notes 2025 2024 Fixed ssets Investments Tan le assets 359,001 25,284 384,285 386,551 12.287 398,838 Curfe Debto Cash t assets 10 4.118 26.685 30.803 3.493 45,754 49.247 t bank Credi rs: amounts falling due wthin ar 6.570 Netc rrent assets 17.848 42.677 ets 402,133 441.515 FunKI Unres icted Funds 13 244.386 273,898 ed Funds 13 Capit 2,981 5.570 154.766 162.047 157,747 167,617 402.133 441,515 The.:rJi ectors are satisfied that the company is entitled to exemption from the requiremenl to obtain it under section 477 of the Companies Ad 2006. rs have not required the company to obtain an audit in accordan wilh seCtn 476 of the Mertib ectors acknowledge their responsibilities for comprng with the requiremerts of the CotTlplnies Act 2006 with respect to accounting records and the preparation of accounts. ancial statemenls have been prepared in accordance *fjth the special provisions applicable panies subject to the small companies regime. The Income and Expenditure account has not elivered lo the Registrar of Companies. ancial s ents approved by the board on 24 October 2025 alf oa Trustee
THE RUTH WINSTON CENTRE Notes to the financlal statements For the year ended 31 March 2025 Accounting policies 1.1 Basis of Preparation of Financial Statements The 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 Practi. Accounting and Reporting by Charities preparing their accounts in accordance llth Financial Reporting Standards applicable in the UK and Republic of Ire5and (FRS102) issued on 16th July 2014 and the Financial Reporting applicable by the United Kingdom and Republic of Ireland (FRS102) and the Chariiies Act 2011. The Charity has taken advantage of the exemption in Financial Reporting Standard No.1 from the requirement to produ a cash flow statement. 1.2 On 29th April 2021, The Charity Commission directed that the chartties known as the Woolnough Charity, Southgate and the Ruth Winston Centre ('the linked charities.) shall be treated as fomiing part of the charity known as Ruth Winston Centre ('the reporting charity,) for the puiposes 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'lTrustees' Responsibilities Company Law requires the directorsftrustees to prepare Financial Statements for each Financial year, which give a true and fair view of the state of affaiFS and of the surplus or deficit for the period. In preparing these Financial Stalements, the rfirectors'nrustees are required to.. select suitable accounting policies and then apply consistency: make judgements that are reasonable and prudent; prepare the Financial Statements on a going concern basis. The directors'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 Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
THE RUTH WINSTON CEl+lTrE Notes to the financlal statsments - (continued) For the year ended 31 March 2025 1.4 Tangible Fixed Assets for use by the Charity and Depreciation Tangible fixed assets for use by the Charity are stated al cost less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets. less their estimated residual value, over their expected useful lives on the following basis: Office furniture. 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 r1Ved by the Charity. Atl other income is accounted for on an accruals basis. No pennanenl endowments have been receNed 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 Statem8nt of Financial AclivitFes 1.8 Management and Administration Expenditure Expenditure on management and administration of the Charity includes all expenditure not directly related to the Chariiable activity or fundraising ventures. This includes depreciatlon, 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 Ststus of the Charity . The icharity is a company limited by guarantee and has no share capital 3 Investment Income 2025 2024 Dividends received Interest received on cash deposits 7,597 5,903 13,500 7.445 2.584 10,029 4 Direct Charltable Expendlture Total Total Direct Costs Support costs 39,050 38.601 77,651 31,344 29,834 61,178 Of the direct charitable expenditure £8,233 (2024 nil) relates lo unrestricted funds
THE RUTH WINSTON CENTRE Notes to the flnanclal statements Icontlnued) For the year ended 31 March 2025 3 Net Incomel{expenditure} Net incomel(expenditure) is stated after tharging l(cre(lrting): 2025 2024 Depreciation - owned assets Independent examination fee 6,935 1,080 2.546 870 4 Trustees, remuneration and beneflts There were no trustees. remuneration or other benefits for the year ended 31 March 2025 nor for the period ended 31 March 2024. Trustees, expenses No trustees were paid any travel expenses in either year S Staff cosls 2025 2024 Wages and salaries 82,141 63,343 The average monthly number of employees induding part-time durirvJ the year was as follovts.. Administration 6 Investments 2025 2024 Ordinary shares in Lloyds bank CCLA Investment funds Bank temi deposits 430 265,721 92.850 359.001 311 278.707 107,533 386,551 7 Tanglble flxed assets Totals Cost At 1 April 2024 Additions At 31 March 2025 72,651 19.932 92,583 Depreciation At 1 April 2024 Charge for year At 31 March 2025 60.364 6,935 67.299 Net book value At 31 March 2025 At 31 March 2024 25,284 12.287 10
THE RUTH WINSTON CENTRE Notes to the financial statements (continued) For the ear ended 34 March 2025 8 Debtors: amounts falling duè wlthln on8 year 2025 2024 Prepayments 4,118 3,493 9 Creditors: amounts falling due within one year 2025 2024 Accrued fees 12,955 6,570 10 Analysis of assets between funds Unrestricted Restricted funds funds Total Tangible ftxed assets Investments Current assets Current liabilities 22.303 205.004 30,034 (12,955) 2,981 153.997 769 25.284 359.001 30,803 {12.955) 244,386 157,747 402.133 11
THE RUTH WINSTON CENTRE Notes to the financial statements (continued) For the year ended 31 March 2025 Incomlng Resources At 1.4.24 resources expended 11 Movement in funds At 31.3.25 Unrestrictsd fvnds General fund 273.898 157,975 (187.487) 244,386 Restricted Funds Woolnough Fund Council Grant J Brewer 147.870 9.747 10.000 4.854 (8,204) (6,766) 144,520 2,981 10,246 246 167,617 5,100 (14.970) 157,747 Total funds 441,515 163,075 (202,457) 402,133 Included within incoming resOurS is an unrealised loss of £12.896 (2024 £21,874 unrealised profit) artsing on the re-valuation of investments. 12 Restrictsd Funds Woolnough Fund: The fund represents amounts from the original Woolnough trust and is held lo,, 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. During the current year the trustees decided to use a part of the fund to buy school unrfomis for needy children in the borough. Council grant.. During 2024 funding was received in respect of obtaining and updating of computer tethnology within the centre. The balance will fund the future depreciation of assets capitalised and further costs yet to be incurred. J Brewer: A kind donation of £10.000 received in the 2024 is being utilised on charitable activities at the discrelion of Mrs J Brewer. Whilst decisions are being made the fund has been placed on deposit and eams commercial interest rates. 12