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|||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|||
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|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||
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|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|
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##
|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|
##
##