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2023-03-31-accounts

Page
Chairs' Introduction 1-2
Trustees' report 3- 15
Independent
auditor's		 report 16-18
Statement offinancial activities 19
Balance sheet 20
Statements ofCash Flows 21
Notes to the financial statements 22 -38
Acknowledgement

Director / Trustee Appointment
Date		 Resignation
Date
Elaine Adkin 08/12/2020
Nicola Hyde 08/12/2021
Enver Kannur 25/08/2015 7/12/2022
Nicolas Kee Mew 26/05/2021
Sandra
Kirwan		 24/11/2016
Alison de Metz 08/12/2021
Anne Smol 26/05/2021
Beryl De Souza 16/02/2017
Michael Zacharia 08/12/2021
Mari Clwyd Edwards 19/07/2023
Joseph Daniel Harley 26/04/2023

R THE YEAR ENDED 31MARCH 2023
Total Total
Unrestricted Restricted Funds Funds
funds funds 2023 2022
E E E E
INCOME AND ENDOWMENTS FROM: Notes
Donations
and legacies		 46,559 46,559 52,429
Charitable
activiities
Grants and contracts receivable 3 653,919 155,037 808,956 840,074
Client and Direct care Contributions 3.1 656,367 656,367 558,103
Investments 3.2 2,711 2,711 82
Others 435 435 347
Total income and endowments 1,359,991 155,037 1,515,028 1/51,035
EXPENDITURE ON:
Cost ofraising funds
Raising Funds (10,111) (55) (10,166) (13,643)
Charitable
activities
Care and Support Services (730,961) (60,131) (791,092) (804,860)
Prevention
and Wellbeing		 Services (651,630) (129,397) (781,027) (602,452)
Total resources expended (1,392,702) (189,583) (1,582,285) (1820,995)
Net income/(expenditure) (32,711) (34,546) (67,257) 30,080
Transfers between funds 14 (35,415) 35,415
Net (income/(expenditure) before
other recognised
gains and		 losses (68,126) 869 (67,257) 30,080
Other recognised gains and losses
Actuarial
(loss)/gain
on pension
scheme 12 (45,000) (45,000) 135,000
Net movement
in funds		 (113,126) 869 (112,257) 165,080
Reconciliation offunds
Total funds brought
forward		 606,914 29,276 636,190 471,110
Total funds carried forward 14 493,789 30,145 523,933 636,190

Notes 2023 2022
FIXEDASSETS
Tangible assets 4,158 2,005
4,158 2,005
CURRENT ASSETS
Debtors 10 135,887 102,248
Short term deposits 125,882 123,689
Cash at bank and in hand 317,944 486,646
579,713 712,583
Creditors: amount falling due within one year (135,938) (199,398)
NET CURRENT ASSETS 443,775 513,185
TOTAL ASSETS LESSCURRENT LIABILITIES 443,775 515,190
Pension scheme asset 12 76,000 121,000
NET ASSETS 523,933 636,190
FUNDS
Unrestricted
funds		 387,788 455,914
pension reserve 12 76,000 121,000
463,788 576,914
Designated
Funds		 14 30,000 30,000
Restricted funds 30,145 29,276
TOTAL FUNDS 14 523.933 636,190
The notes from page 22 onwards an integral part ofthese financial statements.
These financial statements were approved and authodsed for issue by the board oftrustees on 2023
and signed on its behalf by:-

for the year ending 3 1 Ma rch 2023
Note 2023 2022
6 6
Cash used in operating activities: 15.1
Iyet cash provided by operating activities (164,922) 57,185
Cash flows from investing activities
Interestincome (3,143) 2,803
Tangible Fixed Assets 1,556
Net cash used in investing activities (1,587) 2,803
increase (decrease) in cash and cash
equivalents
in the year		 (166,509) 59,988
Cash and cash equivalents at the beginning of
the year 15.2 610,335 550,347
Total cash and cash equivalents at the end of
the year 443,826 610,335

ncome from donati ons
and		 le gacies
Unrestricted Restricted Total Total
funds funds 2023 2022
f f f f
Donations
and gift		 aid donations 31,627 31,627 26,343
Legacies 14,632 14,632 25,500
Membership
fees		 300 300 586
46,559 46,559 52,429
ncome from charitable
activities
Unrestricted Restricted
funds funds Total Total
2023 2022
6 E
Grants &Contracts
UK Government
Job		 Retention Scheme 13,533 13,533 (3)
LBof Enfield -ICF, Workforce & Other grants 37,190 37,190 110,436
Age UK -EON 10,141 2,000 12,141 11,150
EDA -Information
&		 Advice Project 21,840 21,840 21,840
TFL and The London Marathon Trust 2,850 2,850 3,817
Home from Hospital (Alpah Specialists Ltdj 6,838 6,838 7,540
London Community Response 4,700
Age UK London -Specialreserve fund 28,084
Age UK London -Grant 18,561
Enfield Wellbeing
Network		 37,720 37,720 17,933
This Girl Can grant 8,542
GVC Ladbrokes-Men in Sheds 7,374 7,374 2,547
LBof Enfield-VCS Carers Outcome 2 (iCanj 266,833 266,833 253,675
NHS- Falls Prevention,
Dementia		 & Frailty 226,617 226,617 244,116
Big Lottery Fund - Fitfor Life 4,280 4,280 12,716
Community
Barnet		 10,500 10,500 10,500
City Bridge Trust 4,430 44,008 48,438 43,392
The Armed Forces Covenant Fund Trust 33,957 33,957 35,168
Age UK Charity- Emmanuel
Hospital fund		 9,845 9,845 3,280
LBof Enfield -Covid-19 vaccination 2,080
Other Funds 6,500 6,500
653,919 155,037 808,956 840,074

Unrestricted Restricted Total Total
funds funds 2023 2022
6 6 6 f
Clients and Direct Care Contributions 656,367 656,367 558,103
656,367 656,367 558,103

Unrestricted Restricted Total Total
funds funds 2023 2022
6 6 6 E
2,711 2,711 82
2,711 2,711 82
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Net incom e/
(		 expenditu re)
forthe year
2023 2022
f f
Net movement in funds isstated after charging:
Depreciation 2,577 1,915
Auditors' remuneration 8,100 5,190
Operating leases —equipment 8,996 8,590

taff costs and numbers
Total Total
2023 2022
f
Salaries and wages 950,040 841,769
Social security costs 65,081 60,871
Pension contributions 22,679 22,901
Pension Scheme recovery payments 43,248 43,248
Temporary
Staff costs		 90,336 42,984
1,171,384 1,011,773
Staff travel, training, recruitment & payroll
processingcosts 31,627 30,438
1,203,011 1,042,211
The average number offull and part-time employees
during the year were as follows:
2023 2022
Care and Support Services 32 29
Prevention
and yyellbeing		 Services 19 16
Management,
Finance and		 Administration 5 6
56 51

At 31March 2023 24,642
Net book value
At31March 2023 4,158
At 31March 2022 2,005
ebtors
2023 2022
6 f
Trade debtors 110,319 69,952
Prepayment 15,436 9,667
Other debtors 11,101 22,629
Provision for doubful debts (969)
135,887 102,248

Main financial as sumptions:
31March 2023 31March 2022
'Spa SEpa
RPI Inflation 3.25 3.60
CPI Inflation 2.45 2.80
Rate ofincrease in salaries N/A N/A
Pension increases
Rate ofincrease in payment ofpre 2006 pensions 3.70 3.60
Rate ofincrease in payment ofpost 2006 pensions 2.10 2.50
Discount rate for Scheme liabilities 4.85 2.80

Scheme a sset alloc ation:
31March 2023 31March 2022
f000s f000s
Equities 115 9.136 314 16.7go
Diversified Growth Fund 61 4.836 237 12.6go
Property
Gilts and		 Bonds 164
885		 13.0go
70.2'		 179
1,129		 9.535
59.9go
Cash 35 2.9go 26 1.3go
Total 1,260 100.03/r 1,885 100.03S

Reconciliation offunded s tatus to balance sheet:
31March 2023 31March 2022
f000s 6000s
Fair value ofassets 1,260 1,885
Present value offunded defined benefit obligations (1,184) (1,764)
Funded status 76 121
Asset/(liability) recognised on the balance sheet 76 121
Present value of unfunded defined benefit obligations

Defined benefit (continued)
History ofexperience gains and losses: 2023 2022
e000 6'000
Present value ofscheme liabilities 1,260 1,885
Fair value ofscheme assets (1,184) (1,764)
Surplus/
(deficit) in the scheme		 76 121
Amounts
recognised
in income statement
2023 2022
6'000 6'000
Operating cost:
Current service cost
Administration
expenses
Past services cost (incl.curtailments)
Settlement
cost
Financing cost:
Interest on net defined benefit liability/(asset)
Pension expense recognised in profit and loss
Amounts
recognised
in Other Comprehensive		 Income (OCI)
2023 2022
6'000 6'000
Asset gains/(losses)
arising
during the year		 (643) 50
Liability gains/losses
arising		 during the year 563 51
Change
in the effect ofthe asset ceiling		 45 (121)
Total amount
recognised
in		 OCI (35) (20)

Changes to the present value ofthe defined benefit obligation Changes to the present value ofthe defined benefit obligation during the year
2023 2022
E'000 E'000
Opening
defined benefit obligation		 (DBO) 1,764 1,836
Current service cost
Interest expense on DBO 48
Contributions
by Scheme members
Acturial (gains)/losses
on scheme liabilities		 (563) (51)
Net benefits
paid out		 (65) (59)
Past service cost (incl.curtailments)
Net increase
in liabilities from disposals/acquisitions
Settlements
Closing fair value ofscheme assets 1,184 1,764
Changes tothe fair value ofscheme assets during the year
2023 2022
E'000 E'000
Opening fair value ofScheme assets 1,885 1,822
Interest Income on Scheme assets 48 38
Gain/(loss)
on Scheme assets		 (643) 50
Contributions
by the employer		 43 43
Contributions
by Scheme members
Net benefits paid out (65) (59)
Administration
costs incurred		 (8) (9)
Net increase
in assets from disposals/acquisitions
Settlements
Closing fair value ofscheme assets 1,260 1,885
Actual return
on Scheme assets
2023 2022
E'000 E.'000
Interest income on Scheme assets 48 38
Gain/(loss)
on Scheme assets		 (643) 50
Actual return
on Scheme assets		 88

nalysis ofnet assets between
funds 2023
Unrestricted funds Restricted funds Total
Funds
E E
Tangible fixed assets 4,158 4,158
Current assets 549,568 30,145 579,713
Current liabilities (135,938) (135,938)
Defined benefit pension asset 76,000 76,000
Net assets at31March 2023 493,788 30,145 523,933
Unrestricted funds Restricted funds Total
Funds
E E
Tangible fixed assets 2,005 2,005
Current assets 683,307 29,276 712,583
Current liabilities (199,398) (199,398)
Defined benefit pension asset 121,000 121,000
Net assets at 31March 2022 606,914 29,276 636,190

At 31
At 1April March
2021 Income Expenditure Transfers 2022
E 6 6 6 6
Unrestricted
funds
General fund 448,863 1,180,123 (1,173,072) 455,914
Designated
funds - IT		 30,000 30,000
Defined benefit pension liability (14,000)
464,863		 121,000 14,000
~u/9.01I		 121,000
606,914
Restricted funds
Healthy
Living Services
Digital Connections 4,700 (4,656) 44
Fitfor Life 58,817 (58,817)
Carers Fitness Group 6,247 (434) 5,813
Care Support Services
Community
support		 Services 42,681 (38,141) 4,540
Workforce fund 33,301 (24,030) 9,271
Infection
Control fund		 67,330 (64,657) 2,674
MCST 18,561 (16,039) 2,523
Tackling Loneliness 35,165 (33,300) 1,865
Men
in Sheds		 2,546 2,546
Information
Services		 7,810 (7,810)
Total restricted funds 6,247 270,912 (247,883) 29,276
Total funds 471,110 1,572,035 (1/406,955) 636,190

2023 2022
Net income/(expenditure)
for the reporting		 period (as per
the statement
offinancial activities)		 (67,257) 30,080
Adjustments
for:
Depreciation
charges		 2,577 1,914
Dividends,
interest
and rents from investments		 (3,143) (2,803)
(Increase)/decrease in debtors (33,639) (23,839)
Increase/(decrease) in Creditors (63,460) 51,833
Net cash provided by (used in) operating activities (164,922) 57,185
is.2 Analysis ofcash and cash equivalents
2023 2022
F. 6
Cash in hand 317,944 486,646
Notice deposits (less than 3months) 125,882 123,689
Total cash and cash equivalents 443,826 610,335

Total
Unrestricted Restricted Funds
funds
E		 funds
e		 2022t
INCOMING
AND ENDOWMENTS		 FROM: Notes
Donations
and legacies		 2 52,429 52,429
Charitable
activiities
Grants and contracts receivable 3 569,162 270,912 840,074
Client and Direct care Contributions 3.1 558,103 558,103
Investments 3.2 82 82
Others 347 347
Total income and endowments 1,180,123 270,912 1,451,035
EXPENDITURE ON:
Cost ofraising funds
Raising Funds (11,344) (2,299) (13,643)
Charitable
activities
Care and Support Services (669,177) (135,683) (804,860)
Prevention
and Wellbeing Services		 (492,551) (109,901) (602,452)
Total resources expended (1,173,072) (247,883) (1,420,955)
Net income/(expenditure) 7,051 23,029 3O,ORO
Transfers between funds 14
Net (income/(expenditure) before other
recognised gains and losses 7,051 23,029 30,080
Other recognised
gains and		 losses
Actuarial
(loss)/gain
on pension scheme		 12 14,000 14,000
Net movement
in funds		 21,051 23,029 44,080
Reconciliation offunds
Total funds brought
forward		 464,863 6,247 471,110
Total funds carried forward 14 485,914 29,276 515,190