Enfield
ageuK
Annual Report
2023 / 2024
Age UK Enfield
A Company Limlted by Guarantee
Trustees. Report and Financlal statements
For the year ended 31 March 2024
Company Reglstration Number 3352062 (England and Wales)
Charlty Re8lstratlon Number 1063696 (England and Wales)

REFERENCE AND ADMINISTRATIVE INFORMATION
Company reglstration number
Charlty registration number
Governlng document
3352062 IEng13nd and Wales)
1063696 (England and Wales)
Articles of A550ciation
Trustees
Elaine Adkin
Alison de Metz
Beryl De Souza
Nicola Hyde
Nicolas Kee Mew
Sandra Kirwan (resigned 29 February 20241
Annie Smol
Michael Zachari
Joseph Harley (appointed 26 April 2023)
Mari Edwards (appointed 19 July 2023)
Company Secretary
Kaya Taylor (resigned 25 April 20241
Joy Watklns {appolnted 7 May 2024)
Senlor Management team
Peter Glass
Alison Gordon
Vennetta Hunt
Kaya Taylor
Registered office
Age UK Enfield
John Jackson Library
35 Agricola Place
Bush Hill Park
Enfield
ENI IDW
Independent auditors
Knox Cropper LLP
Chartered Accountants
65 Leadenhall Street
London
EC3A 2AD
Bankers
Barclays Bank PIC
259 High Street
Ponder5 End, Enfield
EN3 4DS

CONTENTS
Page
Chair5, Introduction
Trustees, report
3-14
Independent audltorfs report
15-18
Statement of financial activltles
19
Balance sheet
20
Statements of Cash Flows
21
Notes to the financial statements
22-39
Acknowledgement

AGE UK ENFIELD
Chairs, Introductlon
The past year, as ever, has been one of growing demand for Age UK Enfield's services set
against a backdrop of financial pressures experienced by both the NHS and Enfield Council
which has resulted in a reduction of their services, long waiting lists and in some cases, services
being cut completely.
Despite this and some of the challenges, past and on-going outlined below, the continued
commitment and professionalism of our staff and volunteers has ensured that we have
supported literally thousands of senior citizens over the past year and in many instances,
minimising the impact of some of the NHS and Council cuts.
The Borough of Enfield has the highest prevalence of dementia diagnosis in the whole of
London, and the second highest cardiovascular disease death rate for over 65-year-olds. No
surprise then that the demand on both our preventative care services as well as our care
services has grown significantly again this year. Over 78,000 contacts were made during the
year, resulting in 13,074 clients receiving our services.
Demand for our Parker Day Centre - the only dedicated dementia day care centre now in the
Borough- is over-whelming and we have a long waiting list which for various reasons we have
not been able to accommodate.
One reason, the breakdown of the Parker Centre Ilft with the Council wanting us to pay for a
new one has resulted in only able-bodied clients being able to Use the upper rooms, in turn
impacting our ability to offer places to those Individuals who have a real need.
Add to this the John Jack50n Library - the home of our support functions, information and
advice service - being at risk of closure, the Board has had to make some key decisions for the
year ahead.
Our priority in the coming year is to find one new site to house our dementia day care service5,
information and advice and our support staff- in effect a one-stop shop which we're calling
Destination Age UK Enfield. We will continue to provide support with all the usual Services
and activities held across the borough. Our focus will be on securing the required fund5,
generating public awareness and support for this exciting next stage of our development.
The needs of the older people of Enfield are greater and more complex than at any other time
and we are well equipped to respond. We have recently passed the demanding standards of
Age UK'S Charity Quality Standard audit as well as the Advice Quality Audit, achievin8 the
Advice Quality Standard which is a great endorsement for the work of our Information and
Advice teams.
We have enjoyed seeing a growth in our volunteer numbers and we now have the benefit of
a part time volunteer co-ordinator, which has helped with the recruitment and training of
volunteers, without whom we could not provide the range of Services that we do.
Peter Gla55, our CEO, has continued to build relationships with Enfield Council, the ICB and
other voluntary sector organisations, resulting in Age UK Enfield sittin8 on the key decision-
making forums for senior citizens in the Borough.
l am once again amazed at the level of hard work, compassion and energy that our staff and
volunteer's exhibit. l am proud of the Board of the Trustees, commitment, continued interest
and support they provide.

AGE UK ENFIELD
I look forward to working with the Board and all at Age UK Enfield onto our next stage of
growth.
Elaine Adkin
Chair, Board of Trustees

AGE UK ENFIELD
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2024
Chariws misslon and purpose
The trustees present their report and financial statements of the charity for the year ended 31
March 2024.
The trustees have complied with the duty to have due regard to guidance issued by the Charity
Commission and have adopted the Statement of Recommended Practice {SORP FRS 102
second edition), which was effective from l January 2019.
Our purpose
The charity's objects I'the objects'l are specifically restricted to promoting the following
purposes for the benefit of the public and older people in and around the London Borough of
Enfield (the 'area of benefit,) regardless of ethnic origin, gender, marital status, disability,
sexual orientation or religious belief:
l. Preventing or relieving the poverty of older people
2. Advancing education for older people
3. Preventing or relieving sicknes5, disease or suffering in older people {whether
emotional, mental or physicall
4. Promoting equality and diversity in relation to older people
5. promoting the human rights of older people in accordance with the Universal
Declaration of Human Rights;
6. Assisting older people in need by reason of ill health, disability, financial hardship,
social exclusion or other disadvantage
7. Such other charitable purposes for the benefit of older people as the board may from
time to time decide, the outcome of this being the promotion of wellbeing of older
people.
Structure, Governance and Management
Governlng document
The organisation Is a ch3rit3ble company limited by guarantee, incorporated on 14 April 1997
and registered as a charity on 30 July 1997. The charitable company formed in 1997 as Age
Concern Enfield took on the assets and liabilities of a previous unincorporated charity. The
company changed its name to Age UK Enfield on 15 February 2023. The company was
established under a Memorandum of Association which defined the objects and powers of the
charitable company. It is governed under its Articles of Association. In the event of the
company being wound up members are required to contribute an amount not exceeding £1.

AGE UK ENFIELD
TRUSTEES REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Public Benefit
The Trustees confirm that they referred to the guidance contained in the Charity Commission's
general guidance on public benefit when reviewing the Charity's aims and objectives. They
consider that the activities carried out, summarised in the Activities & Achievements section
of this report below, provide benefit to the community.
Activities & Achievements
Age UK Enfield's services are organised in two categories: Prevention and Wellbeing Services,
and Care and Support Services. As an organisation we continue to work hard to ensure there
are clear pathways and referral routes across our services, streamlining to ensure 3 smooth
experience for our clients. We have been improving our recording, reporting and monitoring
to ensure we can evidence the work that we have been doing.
We have adapted to new ways of worklnE, improving our technology to better enable home
working, being flexible and taking innovative and creative approaches to the ever-changing
range of guidelines and requirements that we follow- be that government guidance in relation
to COVID-19 or other matters, charity and company governance and law, or from our sister
organi5ation, Age UK National.
Age UK Enfield provides the following services:
Prevention and Wellbelng Services
Falls prevention
Memory service
Frailty services
ican
Enfield Wellbeing Network
Later Life Planning
Information and Advice
Digital Inclusion
Men's Sheds
Veterans in Enfield and Waltham Forest
Fit for life
Care and Support Services
Home care
Day care
Home from Hospital
Maintenance Cognitive Stimulation Therapy IMCSTI

AGE UK ENFIELD
TRUSTEES REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Prevention and Wellbeing Services
Falls Prevention.
Our Fall Stop, falls prevention service, provides a range of information, exercise and activity
sessions for people who have fallen or are at risk of falling.
In 2023/24 an incredible 3,288 people attended our Falls Stop classes. 58% higher than the
previous year. The geographic split across the borough is consistent with the Enfield ageing
population with and an even spread of participants from across the whole of the borough. 30%
of attendees are aged 65_74, 490/0 are aged 75 to 84 and 17% aged 84+.
Demand for exercise classes remains high. In total 212 people were referred for one to one
support, we ran 237 classes and had 3,288 attendees. We introduced Movement as Medicine
sessions to manage the demand on services. Partnering with the new MSK Hub, these provided
an excellent beginner's course for people with long term health conditions.
'1 struggled with pain in my knees, Donna has been so kind and taught me ofew more things I
can do ot home to help myself in between closses. Sophie Glso gove me exercises in o book by
Age UK Enfield to do at home. Ifeel o lot Stronger ond confident since.,
Memory Service
Memory Meet Up is a social group which offers people diagnosed with dementia and their
carers a chance to meet other people, try new activities and learn how to Ilve well with
dementia. Our Health & Wellbeing navigators work closely with Enfield Memory Service and
received 383 referrals for support for people newly diagnosed with dementia. The national
diagnosis rates of dementia have continued to rise since Covid and demand for local support
is high. During 2023/24, 820 people attended our extremely popular fortnightly Memory Meet
Ups session. We considered movSng to a larger premises to accommodate the need.
st
In 2023/24 we celebrated our i anniversary with Chicken Shed theatre, Gladrags is an
intergenerational immersive creative activity, We welcomed 150 people at our birthday event
and 600 people have attending the large quarterly events across the year. The events build
friendships, reduce isolation and are suitable for people even with advanced dementia.
'Lyn, navigator. visited us at home, she spoke about everything - safety in the home,
benefits, and the small things that can just make life a little easier. It helps knowing you
8n call heratany time,.

AGE UK ENFIELD
TRUSTEES REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Frailty Service
In 2023/24 we received 536 referrals for Health & Wellbeing services. The demand on services
is consistent due to cost-of-living and energy crisis and people sought help to relieve pressure
of rising costs.
Referr315 are made from a variety of sources includ ing Social Prescribers, health professionals
and self-referrals. Health & Wellbeing navigators support people with applications for welfare
benefits to boost income, help with applying for travel concessions to enable people to access
community activities and health awareness support, to improve their understanding of their
health cond itions.
Our sustained funding increase has enabled us to continue our work at North Middlesex Care
of the Elderly wards. During 2023124 our navigator worked with 189 people.
In the past 12 months, with thanks to funding from Utley Foundation we have delivered 12
monthly sessions of Social Singing, and 260 people have attended. 55% of people attending
are affected by dementia, 35% are carers of people affected by dementia and the remaining
IO% have mentioned Social isolation as their main reason for attending. We have found that
by offering additional dementia friendly activities this has created friendships amongst
attendees. In turn this has enabled them to have a wider social network of support and
confidence in attending activitie5 Without concern for their loved one's behaviours.
My husband loves music and singingyou have given us a place to attend where we fit in. I
also get a break when he attends Men's Sheds.
ican
ican service is a consortium led by Age UK Enfield, of Attend, Alpha Care and Enfield Carers
Centre. We provide one to one support to adults over 18 to understand health conditions, to
live well independently within the community.
In 2023/24, we received 749 referrals for one-to-one support with a navigator. A further 1,965
people attended our monthly group activities. Our attendance rate is 8.9 tlmes higher than
our KPI.
Survey feedback illustrated that 99% of people were satisfied with the navigators, interactions
and people felt they listened and responded to their concerns and took steps to help them
find solutions. We have noticed an even split between genders seeklng support with 52%0
identifying as women and 48Yo identifying as male.
We delivered 5 large public event5 between April 2023 - March 2024, Ageing Well was
extremely popular topic and so we delivered two large events on focusing on active ageing. In
total 437 people attended our events

AGE UK ENFIELD
TRUSTEES REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Enfield Wellbeing Network
EWN is a consortium led by Mind in Enfield and Barnet to improve the lives of local people and
help them to set goals and try new activities. In 202312024 we supported 163 people and held
27 events that encourage people to improve nutrition, live on food budget, creative writing,
and journalling. As well as the popular monthly Menopause Meet Up in partnership with IAPT
and Barchester Care.
Planning for Later Life
For people over 50 and their families, our free Planning for Later Life awareness sessions cover
a range of topics including: making a will, power of attorney, advanced statements / decisions,
and bereavement services. We also offer l-l individually tailored support for people with life-
limiting conditions.
In 2023124, we incorporated Later Life Planning into all our public events. The Later Life
Adviser also saw 77 individuals for one-to-one sessions during this period.
Information, Advice and Advocacy
The Information, Advice and Advocacy Service can support and enable anyone over
pensionable age, and who is a resident of Enfield, to:
maximise their income through welfare benefit checks.
claim benefits.
apply for travel concessions.
Our IA and navigation team members worked incredibly hard to meet the Quality Assurance
Standard IQASI and Advice Standard Qualification, successfully passing to become an
accredited IA service in January 2024
In 2023/24, 2,013 people received one off advice through customer services, and 517 people
received ongoing IA complex case support from our services. We obtained £1,442,710 in
welfare benefit entitlements for residents. Of the people who accessed IA support 56Yo of
people were living alone. 64Yo lived in the deprived wards in the east of the borough. 34Yo
identified as from BAME communities.
Dlgltal Inclusion
Our funding for Digital Inclusion ended, but we continued to offer the service as there was
such high demand.
Our Digital Inclusion worker saw 45 individuals providing 335 contacts with individuals to
acce55 their devices and reduce digital anxiety.

AGE UK ENFIELD
TRUSTEES REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Veterans in Enfield and Waltham Forest
Our Veterans in Enfield and Waltham Forest project continued to offer support to redLice social
isolation and tackle loneliness in people that have served in The Armed Forces.
As our funding ended in March 2024, we submitted our final reports to our funders. In
2023/24, 78 people attended our sessions across Enfield and Waltham Forest. The Breakfast
Club celebrated its 2. Birthday and expanded offers to include trips and outings across the
capital and wider regions.
Men's Sheds
We were funded by National Lottery, Sky Cares and Old Enfield Community Trust for our
202312024. Sheds has grown in the past year, building a solid community of regular attendees.
We celebrated our 1st Birthday and invited friends and family members to attend, we had 50
people join us. We also delivered sessions for Men's Mental Health Awareness. Throughout
the year we held 98 sessions with 1,176 people attendin8. Amongst our projects we created a
bench for Friends of Gordon Hill Station.
Fit for Llfe
The City Bridge Trust funded the Fit for Life IFFL) project, a series of exercise and fitness classes
for people over 50. Classes take a place at a range of community venues across the borough,
as well as walks of varying lengths in local parks suitable for all abilities.
Our programme had 24 group exercise classes, from beginners to intermediates. We also offer
6 weekly walks in town and country park5 and a monthly quiz. During the summer, we run a
cycling project in Bush Hill Park funded by Groundwork London and TFL which is proven to be
incredibly popular.
In total, 3,826 people took part in our activities during the year, with a staggering 13,504
attendances on classes, walks and cycling sessions.

AGE UK ENFIELD
TRUSTEES REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Care and Support Services
Our Care Services support many vulnerable people in the Borough through long term regular
and ongoing support.
Day Care
The Parker Centre is a specialist dementia day care centre in Edmonton. Clients over 50 who
have early to late-stage dementia, attend for the day and take part in a range of activitie5
including reminiscence sessions, chair-based exercise, arts and crafts, and much more. We
provide a nutritious, freshly cooked meal as well as refreshments throughout the day.
A surge in attendances at the centre in March 2023 meant that we supported 130 people to
attend the day centre in the last year, that's 9,255 day attendances, 7,946 hot meals, and 7,067
return trips provided on transport.
We held 2 Christmas parties for our day centre clients and their families in December where
we hosted 80 people at each event.
We also put on activities such as Jazanne arts who attend fortnightly, seated exercise weekly,
and yoga which is run weekly. We hope to be running trips to Lee Valley White Water Centre
in the near future to enable our clients to enjoy fresh air and green spaces.
Home Care and Home from Hospital
Home Care offers a range of services within people's homes with the aim of enabling them to
continue living independently. This can include organising stimulating activities, personal care,
asslstance with medication, accompanying people to appointments, organising shopping, and
broad range of household tasks and social outings.
There was an emphasis in the year to increase our delivery hours, we 5UPPOrted 152 people
on the home care service throughout the year, this equates to 11,000 hours of care Including
240 hours of home from hospital service. This is double the amount we delivered In the
previous 12 months.

AGE UK ENFIELD
TRUSTEES REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
The Board of Trustees
In accordance with the Articles of Association, the Company has a Board. Under the
requirements of the Articles of the Company, the member5 of the Board are elected to serve
for a period of three years from the date of their election and are eligible for re-election to
service for a maximum of nine years. The members of the Board are the Company's Directors
for the purp05e of company law and Trustee5 of the Charity for the purposes of charity law.
In accordance with the Articles, the Board consists of a minimum of five trustees and
maximum of fifteen, to be elected by the members at a General Meeting or appointed
to fill a casual vacancy or co-opted.
The Honorary Officers (Co-chairs, Treasurer and Honorary Secretary) are appointed by
the Board from amongst the trustees in accordance with the Articles.
Up to two representatives of the Statutory Health Authority and the Local Authority
are entitled to attend Board meetings as observers.
The Board meets approximately every three months to review and agree major areas of policy
and the strategic direction of the Charity.
The Board has three formal sub-committees to which certain management responsibilities
have been delegated.
The Board from time to time also forms working groups which consist of a combination of staff
and trustees e.g. Parker Centre or Constitution Review Group. These working groups have a
very specific remit and report to the Board.
Members of the Board who served during the financial year and up to the date of approval of
the annual report were as follows:
Dlrector / Trustee
Appolntment
Date
08/1212020
08/1212021
2610512021
24/1112016
08112/2021
26105/2021
| 16102/2017
| 08112/2021
19107/2023
26104/2023
05108/2024
Resignation
Date
Elaine Adkin
Nicola Hyde
Nicolas Kee Mew
Sandra Kirwan
29/0212024
Alison de Metz
Anne Smol
Beryl De Souza
Michael Zacharia
Mari Clwyd Edwards
Joseph Daniel Harley
Rachel Howard
13/09/2024
io

AGE UK ENFIELD
TRUSTEES REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Governance
The Board ensures that the composition and the breadth of experience are sufficient for it to
discharge its responsibilities. To these ends the Board regularly reviews its composition and
where necessary identifies suitable people to strengthen its skills and experience.
Induction
Prospective trustees are invited to meet the Chair and the Chief Executive for informal
interviews. At these interviews the duties and responsibilities of trustees, and the amount of
commitment to the organisation required are fully discussed and suitable literature is provided
to them. If the prospective trustee is approved by the Chair they are invited to attend a Board
meeting, before a final decision is made by the individual and the Board. Alternatively new
trustees can be elected by the members at a general meeting.
Tralnlng
Each joining trustee is allocated a mentor and furnlshed with several documents which are
Ilsted below and include the responsibilities and duties of honorary officers and trustees:
Guidance on the nomination of Honorary Officers and Trustees/Directors'
An Information pack on Roles and Responsibilities;
Role description for Trustee;
Role description5 for each of the Honorary Officers;
Changes in charity law and compliance with company regulations are notified to the
trustees at their regular meetings;
The latest Annual Report.
The Charity also operates internal training and an annual trustee training dav.
Financial Review
Total incoming resources were £1,939,95112023: £1,515,028) for the year and expenditure
amounted to £1,839,38112023: £1,582,285) resulting in a net surplus of £100,570. There was
an actuarial {"below the line") loss on the final salary pension scheme of £7,000. The final
salary pension scheme is with national Age UK and was closed to staff several years ago. The
scheme is currently in surplus, but Age UK Enfield is contributing over £43,000 per annum as
part of the plan to maintain this surplus. See Note 12.
Slgnlflcant Contracts
The Charity has significant contractual relationships with the London Borough of Enfield Social
Services and Enfield Clinical Commissioning Group which provide a significant proportion of
the Chariws funding. Contract income of £609,255 was received in the year ended 31 March
2024 to support the provision of services for older people.
li

AGE UK ENFIELD
TRUSTEES REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Reserves Policy
As of 31 March 2024, the charity held free reserves of £470,861. Free reserves are unrestricted
general funds not tied up in fixed assets, restricted or designated funds.
Free reserves are held to ensure the continuity of care to older people, given the relative
uncertainty of future project funding and to protect the long-term viability of the Charity. The
medium-term financial strategy regards a three to six months reserves required to cover
income volatility and short-term working capital requirements. The current reserves are
within that range.
Investment Policy
Funds not immediately required by the charity for Its charitable activities are invested in short
term interest yielding bank deposit accounts at the prevailing market rates of interest.
Risk Management
The Board regularly reviews the risks to the organisation, ensuring proper systems and
procedures are in place to manage these risks.
Inabilit to
enerate sufficient income to meet our ob'ectives and deliver our services
We continue to explore opportunities to diversify our income and consider all relevant
opportunities to generate income that will further our objectives. Expenditure is monitored
closely. We remain conscious of the need to ensure full cost recovery in our Day Care and
Home Care services with performance in these areas reviewed monthly by the senior
management team and at each meeting of the Finance and Audit Sub-committee of trustees.
Insufficient reserves to withstand a downturn in activit
We have improved our reserves position over the course of the financial year. We aim to
maintain a level of reserves consistent with our Reserves Policy, but, despite a strong
performance in the year, this remains a challenge in the current operating environment. We
closely monitor our income and expenditure and will look to grow our unrestricted income
over the coming period.
I nsecurit of
remises arran
ements
At the tlme of writing this report, Enfield council has made a policy decision regarding aspects
of the council's property portfolio. Having conducted a review there are plans in place for the
closure of a number of the borough's libraries, of which John Jackson is one. In addition, we
have been informally advised that the location of our longstanding dementia day service, The
Parker Centre, 15 under review, with a view to selling the property.
12

AGE UK ENFIELD
TRUSTEES REPORT {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
For some time, AUKE has been in direct conversation with LB Enfield with a view to looking at
alternative property solutions and plans are underway to take occupation of an improved and
larger facility which will provide accommodation for the day service and additionally the staff
who currently use the John Jackson library building.
Plans for Future Periods
The current organisational strategy for 2022-2025 is being reviewed and a recommendation
to extend it to April 27 will be made to the Board of Trustees. Within the current strategy,
priority areas have been reaffirmed, a key one being accommodation and continued focus on
revenue generation.
Going Concern
The financial trend has been positive with increased income during the reporting period, and
recorded a surplus. Therefore, after reviewin8 the charity's initial forecasts and projections
and its strategy for growth, the directors have reasonable expectations that the charity has
adequate resources to continue in operational existence for the foreseeable future. The
charity therefore continues to adopt the going concern basis in preparing its financial
statements.
Trustees, responsibilities In relation to the financial statements
The trustees (who are also the directors of the charitable company for the purposes of
company lawl are responsible for preparing the tru5tees' annual report and financial
Statements in accordance with applicable law and United Kingdom Accounting Standards
(United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each year which give
true and fair view of the state of affairs of the charitable company and of the incoming
resources and application of resources, including income and expenditure, of the charitable
company for that period. In preparing these account5, the trustee5 are required to:
select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed, subject to any
material departure disclosed and explained in the accounts.
prepare the accounts on the going concern basis unless it is inappropriate to presume
that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with
reasonable accuracy at any time the financial position of the charitable company and enable
them to ensure that the accounts comply with the Companie5 Act 2006. They are also
13

AGE UK ENFIELD
TRUSTEES REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
responsible for safeguarding the assets of the charitable company and the group and hence
for taking reasonable Steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial
information included on the charitable company's website. Legislation in the United Kingdom
governing the preparation and dissemination of financial statements may differ from
legislation in other jurisdictions.
Statement as to disclosure to our auditors
In so far as the trustees are aware at the time of approving our trustees, annual report:
there Is no relevant audit Information, being information needed by the auditor in
connection wlth preparing their report, of which the charity's auditor is unaware; and
the trustees having made enquiries of fellow directors and the charitWs auditor on
steps that they ought to have Individually taken, have each taken all steps that he/she
is obliged to take as a director in order to make them5elve5 aware of any relevant audit
information and to establish that the auditor is aware of that information.
This report has been prepared in accordance with the provisions in Part IS of the Companies
Act 2006 applicable to companies subject to the small companies, regime.
By order of the Board of Trustees
Elaine Adkin
Chair of Trustees
14

AGE UK ENFIELD
INDEPENDENT AUDITORS, REPORT
TO THE MEMBERS OF AGE UK ENFIELD
Opinion
We have audited the financial statements of Age UK Enfield {the 'charitable companTrK} for the
year ended 31 March 2024 which comprise the statement of financial activities, the balance
sheet, the statement of cash flows and notes to the financial statements, including a summary
of significant accounting policies. The financial reporting framework that has been applied in
their preparation is applicable law and United Kingdom Accounting Standards, including
Financial Reporting Standard 102 The Financiol Reporting Standard applicable in the UK ond
Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements".
give a true and fair view of the state of the charitable company's affairs as at 31 March
2024 and of its income and expenditure for the year then ended,.
have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing {UKI (ISAS
{UKI) and applicable law. Our responsibilities under those Standards are further described in
the Auditor's responsibilitie5 for the audit of the financial statements section of our report.
We are independent of the charitable company in accordance with the ethical requirements
that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical
Standard, and we have fulfilled our other ethical responsibilities in accordance with these
requirements. We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our opinion.
Concluslons relatlng to golng concern
In auditing the financial statements, we have concluded that the trustees, use of the going
concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties
relating to events or conditions that, individually or collectively, may cast significant doubt on
the charitable company's ability to continue as a going concern for a period of at least twelve
months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are
described in the relevant sections of this report.
15

AGE UK ENFIELD
INDEPENDENT AUDITORS, REPORT
TO THE MEMBERS OF AGE UK ENFIELD (continued)
Other information
The other information comprises the information included in the annual report, otherthan the
financial statements and our auditorfs report thereon. The trustees are responsible for the
other information.
Our opinion on the financial statements does not cover the other information and we do not
express any form of assurance conclusion thereon.
Our responsibility is to read the other information and, in doing so, consider whether the other
information is materially inconsistent with the financial statements, or our knowledge
obtained in the audit or otherwise appears to be materially misstated. If we identify such
material inconsistencies or apparent material misstatements, we are required to determine
whether this gives rise to a material misstatement in the financial statements themselves. If,
based on the work we have performed, we conclude that there is a material misstatement of
this other information, we are required to report that fact. We have nothing to report in this
regard.
Oplnions on other matters prescrlbed by the Companle5 Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given In the trustees, report, which includes the directors, report
prepared for the purposes of company law, for the financial year for which the financial
statements are prepared is consistent with the financial statements; and
the directors, report included within the trustees, report has been prepared in
accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable company and its
environment obtained in the course of the audit, we have not identified material
misstatements in the directors, report included within the trustees, report.
We have nothing to report in respect of the following matters in relation to which the
Companies Act 2006 requires us to report to you if, in our opinion:
adequate accounting records have not been kept, or returns adequate for our audit
have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns;
or
certain disclosures of trustees, remuneratlon specified by law are not made; or
we have not received all the information and explanations we require for our audit; or
the trustees were not entitled to prepare the financial statements in accordance with
the small companies regime and take advantage of the small companies, exemptions
in preparing the tru5tees' report and from the requirement to prepare a strategic
report.
16

AGE UK ENFIELD
INDEPENDENT AUDITORS, REPORT
TO THE MEMBERS OF AGE UK ENFIELD
Responsibilities of trustees
As explained more fully in the trustees, responsibilities statement, the trustees {who are also
the directors of the charitable company for the purposes of company law) are responsible for
the preparation of the financial statements and for being satisfied that they give a true and
fair view, and for such internal control as the trustees determine is necessary to enable the
preparation of financial statements that are free from material misstatement, whether due to
fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the companrfs
ability to continue as a going concern, disclosing, as applicable, matters related to going
concern and using the going concern basis of accounting unless the trustees either intend to
liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditorfs responslbllltles for the audlt of the flnancial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as
a whole are free from material misstatement, whether due to fraud or error, and to issue an
auditor's report that includes our opinion. Reasonable assurance is a high level of assurance,
but is not a guarantee that an audit conducted in accordance with ISAS {UKI will always detect
a material misstatement when it exists. Misstatements can arise from fraud or error and are
considered material if, individually or in the aggregate, they could reasonably be expected to
influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We
design procedures in line with our responsibilities, outlined above, to detect material
misstatements in respect of irregularities, including fraud. The extent to which our procedure5
are capable of detecting irregularities, includ ing fraud is detailed below:
The Charitable Company is required to comply with both comp3ny13w and charity law
and, based on our knowledge of its activities, we identified that the le831 requirement
to accurately account for restricted funds was of key significance.
We gained an understanding of how the charitable company complied with its le8al
and regulatory framework, including the requirement to properly account for
restricted funds, through discussions with management and a review of the
documented policies, procedures and controls.
The audit team, which is experienced in the audit of charitles, considered the charitable
company's susceptibility to material misstatement and how fraud may occur. Our
considerations included the risk of management override.
Our approach was to check that all restricted income was properly Identified and
separately accounted for and to ensure that only valid and appropriate expenditure
was charged to restricted funds. This included reviewing journal adjustments and
unusual transactions.
17

AGE UK ENFIELD
INDEPENDENT AUDITORS, REPORT
TOTHE MEMBERS OF AGE UK ENFIELD
A further description of our responsibilities for the audit of the flnancial statements is located
on the Financial Reporting Council's website at.. www.frc.or
audltorsres
onsibilities. This
description forms part of our audltor's report.
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with
Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken, so that
we might state to the charitable company's members those matters we are required to state
to them in an auditor'5 report and for no other purpose. To the fullest extent permitted by
law, we do not accept or assume responsibility to anyone other than the charitable companv
and the charitable company's members as a body, for our audit work, for this report or for the
oplnions we have formed.
07111124
Simon Goodridge {Senior Statutory Auditor)
For and on behalf of Knox Cropper LLP, Statutory Auditor and Chartered Accountants
65 Leadenhall Street
London EC3A 2AD
18

AGE UK ENFIELD
STATEMENT OF FINANCIAL ACTIVITIES
INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Total
Funds
2024
Total
Funds
2023
Unrestricted
funds
Restrlcted
funds
INCOME AND ENDOWMENTS FROM:
Donatlons and le8a¢le5
Charltable actlvltles
Grants and tontracts receivable
Client and Direct care Contrlbutions
Notes
40,453
io,ocxJ
50,543
46,559
714,257
I,C64,544
9,799
434
I￿,464
814,721
1,064,544
9,799
434
808,956
656,367
2,711
435
Investments
Others
Totsl Income and endowments
1,829,487
110,464
1,939.951
1,515,028
EXPENDITURE ON:
C051 of roisingfunds
Ralsln8 Funds
129,7211
12121
129,9331
110,1661
Choritable ucrlvitles
Care and Support Servlces
Preventlon and Wellbein8 Servlces
11,000,810)
1667,7881
144,6101
196,2401
11,045,420)
1764,0281
1791,0921
1781,0271
Total resources expended
1¥698,3191
1141,0621
11.839.381)
(l￿S2,Z85j
Net Incomellexpendlturel
131,168
130.598)
100,570
167.2571
Transfers between lunds
14
137,1201
37.120
Net Ilncome/lexpendSture) belore
other recognlsed 8alns and1055es
94.048
6,522
100,570
167,2571
Other recoqnlsed lalns Bnd1055es
Actuarlal1105sl18ain on pen51on
scheme
12
17,ocKsI
17,000
145,0001
Net movement In funds
Reconclllatlon of funds
87.048
6,522
93.570
1112,2571
Total fund5 brought forward
493,788
30,145
523,933
636,190
Totsl funds carrSed forward
14
580.836
36,667
617,503
523,933
The notes from pa8e 22 onwards are an Integral parl of these flnancial statements.
19

AGE UK ENFIELD
BALANCE SHEEr
AS AT 31 MARCH 2024
Notes
2024
2023
FIXED ASSETS
Tangible assets
10,975
10,975
4,158
4.158
CURRENT ASSETS
Debtors
io
140,901
132.002
348,643
621.S46
135,887
125.882
317,944
579,713
Short term deposlts
Cash at bank and in hand
Credltors: amount fallln8 due wlthln one year
li
184,0181
1135,9381
NET CURRENT ASSETS
537,528
443,775
TOTAL A5SET5 LESS CURRENT LIABILITIES
548,503
69,¢)JO
447,933
76,0]0
Pen51on scheme asset
12
NET ASSETS
617,503
523,933
FUNDS
Unrestrlcted funds
481,836
69,000
387,788
76,000
Penslon reseThe
12
$50,836
463,788
DeslBnated Funds
Restricted funds
14
30,CQO
30,000
36,667
30,145
TOTAL FUNDS
14
617,503
523,933
The notes from page 23 onwards an Integral part of these flnanclal ststements.
These financial statements were approved and authorlsed forlssue by the board of trusiees on 23 October 2024 and signed
on Its behalf b
Elaine Adkin
Chalr
Mlcha
Treasurer
Company Re815tratlon Number.. 3352062 IEn8land and Wale51
20

AGE UK ENFIELD
Statement of Cash Flows
for the year ending 31 March 2024
Note
2024
2023
Cash used In operating activltles:
15.1
Net cosh provided by operrjting octivities
35,871
1164,9221
Cash flows from Investlng activitles
Interest income
9,799
13,1431
Tangible Fixed Assets
18,8511
1,556
Net cash used In Inve5tlns actlvlties
948
11,587)
Increase {decreasel In cash and cash
equlvalents In the year
36,819
166,5091
Cash and cash equlvalents at the be8lnnSn8 01
the year
15,2
443.826
610,335
Total cash and cash equlvalent$ at the end of
the year
480,645
443,826
21

AGE UK ENFIELD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting pollcles
1.1 Accounting conventlon
The financial statements are prepared in accordance with the Statement of Recommended Practice.. Accounting
and reporting by charities ISORP FRS 102 second edition
effective l January 20191, applicable accounting
standards and the Companies Act 2006. The financial statements are presented in Sterlin81£1.
1.2 Going Concern
The SMT and current trustees have worked hard to secure income and manage expenditure and are confident
about the charitvs viability in the near future and therefore consider that there are no material uncertainties
about the Charity's ability to continue as a goin8 concern.
1.3 Donatlons
Voluntary income is received by way of donatlons, legacies and gifts and is included In full in the SOFA when
receivable.
The value of services provided by volunteers has not been included in the accounts.
1.4 Grants, contrarts and other Income
Grants and contracts are recognlsed Sn full in the SOFA when receivable. Other Incomlng resources are included
in the SOFA when receivable.
1.5 Resources expended
All expenditure is accounted for on an accruals basi5 and is inclusive of VAT. Expenditure has been cla55ified under
activitie5 which allocate all costs related to the activity including the cost of mana8in8 and administering the
activity.
The cost of managing and administering the activity (support Costl 15 an indirect cost and is allocated to the
activity based on direct service costs incurred on that activity.
Governance costs include those c05tS a550ciated with meeting the constitutional and Statutory requirements of
the charity and include audit fees and c05t5 linked to the strategic management of the charitv.
1.6 Fund accountlng
Restricted funds are grants and contract5, donation5 and other Incoming resources, which are to be used for
Specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund. In
the event that following the completion of the Specific purpose for which the funds had been received there are
fund5 remaining unspent, the original donor of the funds is contacted. Following discugsions with the donor the
funds are returned. or with the donor's consent either retained and transferred to unrestricted fund5 or used for
slmllar purposes on another project. Unrestrlcted funds are grants and contracts, donatlons and other incomin8
resource5 receivable for the objects of the charity without further specified purpose and are available as 8eneral
funds. Oesi8nated funds are unrestricted fund5 earmarked by the trustees for specific purposes.
1.7 Flxed a55ets
Fixed assets are stated at cost less accumulated depreciation. The cost of minor additions or those costing
below £1,000 are not capitalised.
Depreciation 15 provided at rate5 calculated to write off the cost of each asset, le55 Its estimated residual value,
over the useful economic life of that asset as follows..
Furniture and other equipment.. 20Yo reducing balance
22

AGE UK ENFIELD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
1.8 Operating leases
Rentals payable under operating leases are charged to the SOFA as incurred over the terrn of the lease.
1.9 Penslon costs
The company participates in the Age Concern section of the Age UK Retirement Benefits scheme, which is a
multi-employer defined benefit scheme. The company also operates a defined contribution pension scheme.
Both scheme5 are accounted for in accordance with FRS 102 and described in more detail in note 12.
Income from donations and legacles
Unrestricted
funds
Restrlcted
funds
Total
2024
Total
2023
Donatlons and gift aid donatlons
Le8acies
Membershlp fees
40,268
10,000
50,268
31,627
14,632
300
185
185
40,453
10,000
50,543
46,559
3 Income from charltable actlvitles
Unre5trlcted
tunds
Restrlcted
funds
Total
Z024
Total
2023
Grants & Contract5
UK Government lob Retention Scheme
LB of Enfield-ICF, Workforce & Other grants
Age UK-EON
EDA-Information & Advice Project
TFL and The London Marathon Trust
Home from Hospital (Alpha Speclalists Ltd)
Age UK London -cost of Living Grant
Enfveld WelSbeing Network
GVC Ladbrokes-men in Sheds
L8 of Enfield-VCS Carer5 Outcome 2 licanl
NHS- Falls Prevention, Dementla & Frailty
818 Lottery Fund - FSt for Llfe
Community Barnet
City Bridge Trust
The Armed Forces Covenant Fund Trust
Age UK Charlty- Emmanuel H05Pltal fund
Other Fund5
13,533
37,190
12,141
21,840
2,850
6,838
2,667
2,667
13,616
10,737
1,950
13,616
10,737
1,950
40,000
39,709
40,000
39,709
9.989
280,175
226,616
37,720
7,374
266,833
226,617
4,280
10.500
48,438
33,957
9,845
6,500
9,989
280,175
226,616
10,500
10,5CAI
42,983
30,375
12,500
17,904
42,983
30,375
12,500
17,904
714,257
100,464
814,721
808.956
23

AGE UK ENFIELD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
3.1 Client and Dirett care contrlbutions
Unrestrlcted
funds
Restricted
funds
Total
2024
Total
2023
Clients and Direct Care Contributions
1,064,544
1.064,544
656,367
1,064,544
1.064,544
656,367
3.2 Bank and Investment Interest
Unrestrlcted
funds
Restricted
funds
Total
2024
Total
2023
ank interest
9,799
9,799
2,711
9,799
9,799
2,711
24

i

AGE UK ENFIELD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Net Income/ {expendlturel for the year
2024
2023
Net movement in fund5 IS stated after charging:
Depreciation
Auditors, remuneration
Operating lea5es- equipment
2,034
8,750
10,185
2.577
8,100
8,996
Trustees, remunerètlon and relmbursed expenses
The trustees recelved no remuneration durin8 the year12023: £nill
Travel costs of £180 were rei mbursed to I trustee in the year12023'. £nlll
8 Staff costs and numbers
Total
2024
Total
2023
Salaries and wa8es
Social securitv Costs
Pension contributions
Pension Scheme recovery payments
Temporary Staff cost5
1,179,220
79,906
28,791
43,248
29,711
950,040
65,081
22,679
43,248
90,336
Staff travel, tralning, recruitment & payroll processing
costs
1,360,876
1,171,384
23.501
31.627
1,384,377
1.203,011
The average number of full and pèrt-time employees
during the year were as follow5..
2024
2023
Care and Support Services
Prevention and Wellbeing Services
Management, Finance and Administration
28
12
32
19
45
56
No employees recelved emoluments Df more than £60,000 per annum.
Senior Management Per59nnel c05t5 of 8ross salary and employer5 national in5urante amounted tts £192,86612023'. £171,012).
The Senior Management team 15 made up of..
Peter Glas5- ChSef Executlve Officer
Venetta Hunt- Head of Care Services
Kaya Taylor- Financial Director
Alison Gordon- Head of Prevention SeNices
28

AGE UK ENFIELD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Tangible fixed assets
Furniture and Equipment
Cost
At l April 2023
Additions
28,800
8,851
At 31 March 2024
37.651
Depreciation
At l April 2023
Charge for the year
24,642
2.034
At 31 March 2024
26,676
Net bookvalue
At 31 March 2024
10.975
At 31 March 2023
4,158
10 Debtors
2024
2023
Trade debtors
Prepayment
Other debtors
Provislon for doubtful debts
105,473
21,421
15,172
110,319
15,436
ii,ioi
69
135 887
29

AGE UK ENFIELD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
11 Creditors". amounts falling due within one year
2024
2023
Trade creditors and accruals
Other creditors
Deferred Income
62,134
3,134
18,750
64,143
8,519
63,276
84,018
135,938
12 Penslon scheme
The company participate5 in the A8e Concern sectlon of the Age UK Retirement Benefits scheme, whlch Is a multi-
employer defined benefit scheme. The company also operates a defined contribution pension scheme. Further
information about both schemes is below'.-
Defined beneflt
The disclosures below are provided in respect of the Age Concern Section of the Age UK Retirement Benefits Scheme in
respect of A8e U K Enfield only I the Scheme") and presented in £OOO's in accordance with the actuarial note provided.
The level of benefits provided by the Scherne depend5 on a memberfs length of service and their salary at their date of
leaving the Scheme. This Section of the Scheme closed to future accrual on 30 November 2008.
A full actuarial valuation of the Scheme was carried out as at 31 March 2022 and the results of this valuation have been
updated to 31 March 2024 by a qualified independent actuary. The expected employer contributions for the year ending
31 March 2025 are £43,000. These contributions include an allowance for administration expenses and PPF levie5.
The results of the latest f undin8 valuation at 31 March 2022 have been adjusted to the balance sheet date taking account
of experience over the period Since 31 March 2022, changes in market conditions and differences in the financial and
demographic assumptions. The present value of the defined benefit obligations was measured using the Projected Unit
Method,
The princlpal assumptlons used to calculate the liabilities under FRS102 are set OLAt below..
Maln flnanclal assumptlons:
31 March 2024
%pa
3.20
2.40
N/A
31 March 2023
%pa
3.25
2.45
NIA
RPI Inflation
CPI Inflation
Rate of increase in Salaries
Pension increase5
Rate of increase in payment of pre 2006 penslons
Rate of increase in payment of post 2006 pensions
Discount rate for scheme liabilities
3.70
2.05
4.90
3.70
2.10
4.85
30

AGE UK ENFIELD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Oefined benefit {contlnued)
Main demographic assumptions:
2024
2023
100% of S3PMA basètablès
C￿% of S3PMA base taNe$ for males
ror matr& and 100% of
and 100% of $3PFA M bast tarAè$ for
S3PFA M basè table5 for
fÈmai&s projected by year of knrth
lemaleg proiecled by ytrarof
assurrdng future Improvements in1Sne
rth assuming fulure
vAlh CMI 2022 proléctlon$ Iwilh
mprovemenig in line wllh CMI
paiameler$ Sk= 7.0, A= 0.25%.
2021 prolecNon$ lyAlh
w20201w2021 = 0% and w2022- 25%1 parameters Sk= 7.0. A=
and a long-lerm improvemenl r8le or
0.25% and w20201w2021
1.25% pa
I￿) and a long-lerm fate of
improvement of 1.25% pa
Mortality
Years
Years
21.7 years lage 86.71
21.8 years lage 86.81
23.6 years lage 88.61
23.8 years la8e 88,81
23.0 years lage 88.01
23.1 years la8e 88.11
25.1 years lage 90.11
25.2 years la8e 90.21
Allowance has been made for
Allowance ha5 been made
all members to exchan8e 70Yo for all member5 to exchange
of the maxlmum cash
80% of the maximum cash
allowance avaSlable upon
allowance avallable upon
retirement.
retirement.
Life expectancy for male currently aged 65
Life expectancy for female currently a8ed 65
Llfe expectancy at 65 for male currently a8ed 45
Life expectancy at 65 for female currently a8ed 45
Cash commutatlon
Scheme a55et allocatlon:
31 March 2024
£0005
183
62
169
805
43
1,262
31 March 2023
£OOOs
115
61
164
885
35
1,260
Equities
Diversilied Growth Fund
Property
Gilts and Bonds
Cash
Total
14.5%
4.9%
13.4%
63.7%
3.5Yo
100.oyo
9.1%
4.8Yo
13.0%
70.2%
2.9Y
ioo.o%
None of the scheme's assets are Invested in the Employer's financial instruments or in property occupled by, or other
assets used by the Employer.
Reconclllatlon of lunded status to balance sheet:
31 March 2024
£OOOs
1,262
11,1931
69
69
31 March 2023
£OOOs
1,260
11,1841
76
76
Fair value of assets
Present value of funded defined beneflt obligations
Funded status
Assetllliabilityl recognised on the balance sheet
Present value of unfunded defined benefit obli8ations
31

AGE UK ENFIELD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Defined benefft {contlnued)
Hlstory of experlence galns and losses:
2024
£'ooo
1,262
11,1931
2023
£'ooo
1,260
11,1841
Present value of scheme liabilitie5
Fair value of scheme assets
Surplus/ Ideficitl in the scheme
69
76
Amounts recognlsed In Income statement
2024
£'(x)o
2023
£'ooo
Operating cost..
Current service cost
Administration expenses
Past services cost Ilnc. Curtailments)
Settlement cost
Financlng Cost
Interest on net defined benefit liabllltyllassetl
Pension expense recognised In profit and loss
Amounts recoKnlsed In Other Comprehen51ve Income {OCI)
2024
2023
£'ooo
16431
563
45
1351
Asset galns/llossesl arising during the year
Liability gains/losses arising durin8 the year
Change In the effect of the asset celllng
Total amount recognised Sn OCI
1341
iioi
1371
32

AGE UK ENFIELD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Defined beneflt (continued)
Changes to the present value of the dellned benefit obllgatlon during the year
2024
£'ooo
1,184
2023
É'ooo
1,764
Opening defined benefit obligation IDBOI
Current se￿iCe cost
Interest expense on DBO
Contributions by Scheme members
Actuarial Igainsl/losses on scheme liabilities
Net benefits paid out
Past service cost Ilnc. Curtailments)
Net increase in liabilitles from disposals/acquisltlons
Settlement5
Closin8 falr value of scheme assets
56
48
io
1571
15631
1651
1,193
1,184
Changes to the falr value of scheme assets during the year
2024
£'ooo
1,260
56
1341
43
2023
£'ooo
1,885
48
16431
43
Opening fair value of Scheme assets
Interest Income on Scheme assets
Gain/{10ssI on Scheme a55etS
Contributions by the employer
Contributions by Scheme members
Net benefits paid out
Adrninistration costs incurred
Net increase in assets from di5posals/acquisitions
Settlements
Closing fair value of scheme assets
1571
161
1651
181
1,262
1,260
Actual return on Scheme assets
2024
£'ooo
56
1341
22
2023
£'ooo
48
16431
15951
Interest income on Scheme assets
Gainlllossl on Scheme a55ets
Actual return on Scheme assets
Deflned contrlbutlon
The assets of the defined contribution scheme are held separately from those of the company In an independently
administered fund. The pension cost charge for this scheme represent5 contributions payable by the company to the fund
{7%1 and amounted to £28,79112023.. £22,679)
33

AGE UK ENFIELD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
13 Analysis of net assets between funds 2024
Unrestrlcted fund5
Re5trlEted funds
Total
Fund5
Tan8ible fixed assets
Current assets
10,975
584,879
184,0181
69,000
10,975
621,546
184,0181
69,000
36,667
Current liabilities
Defined bellefit pension a55et
Net assets at 31 March 2024
580.836
36.667
617.503
Analysls of net assets between funds 2023
Unrestrlcted funds
Restrlcted lunds
Total
Funds
Tangible fixed a55et5
Current assets
Current liabillties
Defined benefit penslon asset
4,158
549.568
1135,9381
76,000
4,158
579,713
1135,9381
76,000
30,145
Net a55ets at 31 March 2022
493,788
30,145
523.933
34

AGE UK ENFIELD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
14 Statement offunds
At l April
2023
At31
March
2024
Income
Expenditure
Transfers
Unres
ticted funds
General fund
Deslgnated funds
Defined benefit pension asset
387,788
30,000
1,829,487
11,698,319)
137.1201
481,836
30,(M]O
76.000
493,788
17,0001
{1.705.319)
Restrlcted funds
Healthy Llvlng Servlces
Digital Connectlons
Flt for Life
Carers Fltnes5 Group
Care Support Servlces
Community Support Servlces
Day Care Servite
Workforce fund
Infection Control fund
MCST
Tackling Lonellness
Men in Shed5
Informatlon 5ervlce5
1,829,487
69,(MJ)
580.836
137,120
44.933
150,8801
5,947
2,667
133,8401
31,173
10,565
2,592
2,523
3.940
10,565
8,931
2,523
6,728
10,000
13,6611
30,375
9,989
12,500
127,5871
19,9891
115,lOSI
10,525
7,920
Total restrlrted lunds
30,145
110,464
1141.0621
37,120
36.667
Totsl funds
Unrestricted funds:
{1,846,3811
617,503
The General fund repre5ent5 the unrestricted funds of the Charity that are not designated for particular purpose5.
De51
nated funds:
A deslgnated fund was created to meet potential upcoming liabilities attached to the management and maintenance of
thc Parker centre once the lease with the local authoiity has been finalised.
Restrlcted funds:
rhe Carers Fltne5s Group funds encourage healthy lifestyles by glvSng respite to carers and Inspire them to be actlve.
The Flt for Llle15 a series of exercise and fltness classes for people over 50 funded by the Clty Yrl(t8e Trust Fund.
The Dlgltal Connection5 funds almed to address digltal excluslon amongst older people, particularly older people with
dementia and Ihelr Carers.
Community Support Servlce5 fund represent a combinatlon of grants received to help u5 piovide servlces of a
preventative nature and to promote health and wellbeing.
The Workforce Fund provlded by LBE helped us realised capacity to meet growing demand across the Care servlces
durlnE the linancSal year. It funded extra hours and new post to SUPPOrt our cllent5 need.
The Infectlon control fund wa5 used to pay for our PCR and natural flow testSn8 to mitldate the Infectlon risk of our
vulnerable clients as well transport cost durlng the financial year.
The MCSTErant wa5 to provide 2 sessions of cognitlve ttimulatlon therapy to people with dementba to reduce isolatlon
and promote communication.
523.933
1.939,951
35

AGE UK ENFIELD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
The Men in Sheds fund is an outreach program that creates a space for men to get together in shed, bulld. make and
mend things.
Information SÈrvlce5 fundlng was part of later Ilfe planning for people over 50 and thelr famllle5. covering a range of
topic like making a will, power of atiorney and bereavement services.
Tackling lonelines5 aim 15 to reduce social isolation and tackle loneliness In people that have served In the Armed
For￿5.
36

AGE UK ENFIELD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
14
Statement of funds Icomparatlve)
At31
March
2023
At l April
2022
Income
Expendlture
Transfer5
Unre5trlcted funds
General fund
Designated funds- IT
455.914
30,(O)
1,359,991
11,392,702)
135,4151
387,788
30,(XJO
Deflned benefit penslon Ilabllity
121,000
606,914
145,0001
11.437,702
76,000
493,788
1,359,991
Restrlcted funds
Healthy Llvln8 Servlces
Digltal Connectlon5
Fit for Llfe
Carer5 Fitness Group
44
1441
9,140
1,357
47.938
4,280
157,0791
111,4501
5,813
Care Support S•Nl¢es
Community support Servlce5
Day Care Service
13,033
12,5CQ
140,5791
113,3591
23,006
859
Workforce fund
9,271
14,456
113,1611
10,565
Infectlon Control fund
MCST
Tackllng Lonellne55
Men In Sheds
Information Service5
2,674
2,523
1,865
2,546
5,321
IS,4031
2,592
2,523
3,940
33,957
7.372
16,178
131,8821
111,0161
15,6541
1,097
10,525
Total restrlcted fundi
29,276
155.037
12189.5851
35,415
30,145
Totsl funds
636,199
1,515,028
{1,627,2851
523.933
37

AGE UK ENFIELD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
15 Statement of Cash Flows
15.1
Reconclliatlon of net Income/(expenditure) to net
cash flow from operatlng actlvitles
2024
2023
Net incomellexpenditurel for the reportin8 period l?s per
the statement of Ilnanclal activltlesl
Adjustments for..
Depreciation char8es
Dividends, interest and rents from investments
Ilncreasel/decrease in debtors
Increaselldecreasel in Creditors
100,570
167,2571
2,034
19,7991
15,0141
151,920}
2,577
(3,143}
133,6391
163,4601
Net cosh provlded by (used inj operating activlties
35,871
1164.9221
15,2 Analysls of cash and cash equlvalents
2024
2023
Cash in hand
Notice dep051ts (les5 than 3 months)
348,643
132,002
317,944
125,882
Total cash and cash equivalen15
480,645
443,826
16 Related Party Transactlons
There were no related party transactions in the current year, none in 2023.
38

AGE UK ENFIELD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
17 Comparative Sofa
STATEMENT OF FINANCIAL ACTIVITIES
INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2023
Unrestrfcted
tund5
Total
Funds
2023
Restrlcted
funds
INCOMING AND ENDOWMENT5 FROM:
Donations and le8a¢ie5
Charltable actlvltle5
Grants and contracts receivable
Client and Direct care Contrlbutions
Investments
Others
Notes
46,559
46,559
653,919
656,367
2,711
435
155,037
808,956
656,367
2.711
435
Tot•1 Income and endowments
1,359,991
155,037
1,515,028
EXPENDITURE ON:
Cost of rolsingfunds
Ralsing Funds
Choritable actlvitles
Care and Support Servlces
Preventlon and Wellbeing Services
iio,iiii
1551
110,1661
1730,9611
1651,6301
160,1311
1129,3971
1791,0921
1781,0271
Total resources expended
11.39Z.7021
1189,5831
11,582,285)
Net Income/lexpendlturel
{32,711)
135,546)
167,2571
Transfers between funds
14
135,4151
35,415
Net (In¢omel(expendlturel before other
rèco8nlsed galns and losses
Other reco8nlsed galns and losses
Actuarial Ilos$118aln on penslon Scheme
(68,1261
869
167,2571
12
145,0001
145,0001
Net movement In funds
Reconclllatlon of funds
1113,1261
869
1112.2571
Total fund5 brought forward
606,914
29,276
636,190
Total fund5 carrled forward
14
493,788
30.145
523.933
39

AGE UK ENFIELD
ACKNOWLEDGEMENT
We would like to thank the following funders for their support during 2023/24 that has enabled us
to maintain our valuable well-established services, supported us to adapt those services to meet the
challenges of the pandemic and increased client needs as well as develop new and innovative
services to meet emerging needs.
London Borough of Enfield
Enfield Clinical Commissioning Group
Age UK
Age UK- MCST Programme
Emmanuel Hospital Foundation
City Bridge Trust
The Armed Forces Covenant Trust Fund
London Marathon Trust & Transport for London
NHS Charities Together/Royal Free charity
Long Covid & Digital Inclusion
Tackling Poverty & Inequality
North Central London Cancer Alliance/ LB Enfield
I&A and Cancer Awareness
40