Charity registratlon number 1077857 Cornpany reglstration number 03755382 (England and Wales) ENFIELD VOLUNTARY ACTION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ENFIELD VOLUNTARY ACTION LEGAL AND ADMINISTRATIVE INFORMATION Trustees M Thodi A K Agrawal B Betton S Collins T Fellows C Mccoy A Dallas O Korkmaz (Appointed 10 October 2023) Charity number 1077857 Company number 03755382 Registered offlce Community House 311 Fore Street Edmonton London United Kingdom N9 OPZ Independent examiner Blinkhorns 27 Mortimer Street London WIT3BL Bankers Unity Trust Bank 9 Brindley Place Bimiingham B12HB Solicitors Interface Legal Advisory Service 40 Wykeharn Road London NW4 2SU ENFIELD VOLUNTARY ACTION CONTENTS Page Trustees. report ststement of Trustees, responsibilities 10 Independent examiner's report 11 Statement of financial activities 12 Balance sheet 13 Notes to the financial statements 14-23 ENFIELD VOLUNTARY ACTION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 EVA'S Trustees, who are also directors of the organisation for the purposes of the Companies Act. submit their report and accounts for the year ended 31 March 2024. The accounts have been prepared in accordance with the accounting policies set out in Note 1 to accounts and comply with the charity's goveming document, the Companies Act 2006 and 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (as amended for accounting periods commencing from 1 January 2016). The organisalion is a charitable company limited by guarantee and was set up in 1991. It was registered as a charitable company limited by guarantee on 20th April 1999. It is govemed by a memorandum and articles of association. Admlnlstration detalls of Ihe charity. its trustee5 and advisers Full details can b8 found on the inside front cover of this supplement. The EVA Trustees who served during the year and their nominating organi5ations- Alok Agrawal - DEEP Indian 50 Plus Associalion (Enfieldl Bevin Betton Enfield Racial Equality Council Stephanie Collins- Alphacare Specialists Limited Tony Dallas- Success Club Tim Fellows- Enfield LGBT Ne￿Ork Nusrath Jaku - One-to-one Enfield {Resigned June 20231 Ozgur Korkmaz- Enfield Cycling Club Christopher Mccoy- Youth & Community Connexions Norrna McFarlane- The Shane Project (Resigned October 2023) Margaret Thorley- Hope and Restoration None of the Trustees have any beneficial interest in the company. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng Document Enfield Voluntary Action is a company limited by guarantee (No. 37553821 govemed by its Memorandum and Articles of Association, and was incorporated on 20th April 1999. 11 is also a registered charity {No. 1077857). EVA provides services to over 650 voluntary, community and faith organisations that, in turn, provide services to the residents of the London Borough of Enfield. Organi5alions Gan becorne members of EVA which entitles them to nominate representatives to EVA'S Board of Directors. EVA'S membership process requires organisations to submit an up to dale copy of their Governing Document, latest set of accountslfinancial statements together with copies of their Data Protection Policy, Health & Safety Policy, Safeguarding Policy and Equal Opportunities Policy. To date, approximately 68 organisations have been awarded full membership with 25 applications currently being processed. EVA has three categoTies of membership - Inlroductory (for new and emerging groups). Associate (for groups whose services extend beyond the London Borough of Enfield) and Full Membership for groups who provide the majority of their services {at least 80D/o) for residents of the London Borough of Enfield. ENFIELD VOLUNTARY ACTION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Objectlve5 and actSvltl85 The objects of Enfield Voluntary Action are set out in the Memorandum and Articles ofAssociation. At EVA'S Annual Review Day on 12th June 2023, Trustees and Staff agreed that EVAS Aims ond Objectives be updated to reflect the day to day work carried out by the organisation. After an additional meeting facilitated by a representative from NCVO, the following was agreed by Trustees and Staff. EVA'5 Vlsion A diverse and thriving community and voluntary sector Ihat makes life better for people in Enfield. EVA'S Mlssion To help Enfield community and voluntary groups develop, so they are well run, sustainable, and Can improve the lives of local residents. EVA'S Values EXPe￿se We aim to offer expert, professional support and advice to community and voluntary organisations. Equallty We value diversity and support marginalised and disadvantaged groups to tackle inequalities. Empowerment We give community and voluntary organisations the tools and support they need to meet their own aims and objectives. Trust We act as a trusted critical friend of community and voluntary groups and are indèpendent of any Fublic or commercial body. Partnèrship We encourage organisations to take advantage of the strenglh that comes from working together for the benefit of the community. Voice We support community and voluntary organisations to speak out. be heard and contribute their experien￿, knowledge and ideas. EVA Trustees and Slaff have agreed that the Charitable Objectives be revisited al least every 5 years, to ensure that they are fit for purpose in all activities the organisation undert8kes as the organisation moves forward. EVA truslees have paid due regard to guidance issued by the Charity Commission in deciding what activities EVA should undertake. Recrultment and appolntment of Directors (Trustees) EVA'S Board of Directors is made up of not less than three and no more than twelve persons nominated and elected by EVA Members. All full member organisations are eligible to receive papers. to enable them to nominate a representative to the EVA board. and to norninate a voting delegate to the EVA AGM. Board Mernbers are elected for a maximum of six consecutive years. Retiring Directors are eligible for r&nominalion after at least one yearfs absence from EVA'S Board has been completed. ENFIELD VOLUNTARY ACTION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The Board of Directors is also able to co-opt additional members to fill identified skills gaps. The Board of Trustees elect a Chair, Vice Chair, Honorary Treasurer and Company Secretary. Organisations nominating trustees and their nominees are required to agree.. To provide their organisalion's relevant documents (Goveming Document, Annual Report, Latest Audited Accounts. Equal Opportunities Policy) To agree that Iheir norninated representatives meet wilh the EVA Chair and Chief Executive to discLES the role of an EVA Tnjstee To represent the VCS as a whole, and not their nominating organisation To accept that enquiries relating to Charity and Companies Registration, and the financial probity of their organisations may take place. To provide details of other organisations with which they are involved, in order that conflicts of interest can be avoided. To complete the Charity Commission Declaration of eligibilily for newly appoint&d trustees. If the required documentation is not submitted by the deadline date, the nomination is not accept￿1. All nominees are interviewed prior to the nomination going forward. Trustee Inductlon and Training Trustees receive copies of all EVA policies- memorandum and articles of association,. code of conduct- meeting timetable- conflict of interest declaration form and are required to attend the first available Roles and Responsibilities of Trustees training. following their election. At the first Board Meeting after the AGM, all Trustees are required to read and sign a Trustee Code of Conduct and complete a Skills Audit. Information laken from the skills audit is used to support EVA'S funding applications. Organisation EVA'S Board of Directors governs the charity. Board Meetings are held 5 times a year. There is a Policy, Personnel and Finance Committee that meets when required to discuss issues and then feed backlreport to Trustee Board Meetings. EVA holds an Annual Review and Planning Day where Directors and Staff meet to review activities, theck that services being provided are appropriate to enable Ihe VCS to support local residents and to agree new projects rf relevant. This event enables EVA to review how its charitable objectives are met., enables staff and directors to participate in discussion and debate on EVA'S Business Plan., and to incorporale any changes required in light of current circumstances. The day lo day running of the organisation is carried out by employed staff led by the Chief Executive. supported by 8 fulllpart-time staff. The Chief Execulive has delegated authority to run operations and lake financial decisions. All cheque payments and online bank transactions require two signatoiiesl authorisations., 2 Trustees, the Company Secretary and Ihe Chief Executive are signatories. EVA is in the process of adding additional signalories to EVA'S Bank Mandate in order to ensure that there are always the correct number of signatories available to approve payments. EVA is a member of the National Association for Voluntary and Community Action and consequently is committed to supporting the nationally agreed Code of Practice and Statement of Values for Councils for Voluntary Service. Public Beneflt EVA'S Board of Directors confirm that they have complied with the duly in Section 4 of the Charities Act 2006 to have due regard lo Ihe Charity Commission's general guidance on public benefit and thal Ihe activities carried out by the charity during the year were all undertaken in order to further the charity's aims for tIE benefit of EVA'S beneficiaries. Risk Management A risk assessment is carried out annually in order to identify the organisation's exposure to risk. The risk assessment is regularly updated and includes procedures put in place to mitigate the risks identified. The Risk Assessment is submitted to Trustees annually for discussion and ratification. ENFIELD VOLUNTARY ACTION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Flnancial Revlew EVA continues to seek new funding streams in order to be able to continue to provide services to the VCS in Enfield. In March 2023 the London Borough of Enfield agreed an extension of EVA'S funding to provide support and capacity building to the Enfield Voluntary and Community Sector and co-ordination of volLJnteering opportunities to Enfield Residents. The award was for £113,333 the period 1st April 2023- 30th November 2024. The funding awarded remains al Ihe previous level and it has been recognised by Trustees that it will continue to be necessary for EVA to fundraise or use some of its reserves in order to be able to deliver services and maintain the high standards of support achieved over the past 33 years. Reserves Policy Enfield Voluntary Action aims to have ReseNes equivalent to six month5 average annual expenditure. In addition. the reserves are also expected to cover long term sickness for'long Servi￿ staff.. redundancy payments for all st8ff and asset replacement Costs. EVA'S Trustees have also agreed to allocate some reserves to act as bridging finance or match funding where new funding for a project is likely to be secured. These figures are calculated at.. £410,152.62. EVA'S reseNes are therefore at the required'level. ACHIEVEMENTS AND PERFORMANCE VA'S tCOV orkin cti EVA Staff have now adopted a system of hybrid working. Staff have agreed and signed new Conditions of Work and Home Workirig Risk Assessments are carried oul annually. EVA Trustees continL¢e to ensure that processes are in place to safeguard staff mental health and working conditions. Trustees agreed to continue the employee support cover. taken out through Peninsula HR Consullants which enables staff to contact an advisor to discuss issues that are of concem to Ihem in a completely confidential setting. PARTNERSHIP WORKING Over the past year EVA has continued to work with various partners to provide additional training and support to the VCS groups and residents of Enfield as follows.. LBE PreventlEVA- Capacity Building targeted organisations LBE Active Enfield Team {additional support) LBE Active Through Football - supporting project development Localmotion NHS Enfield CCG- Health Champions Nelwork development MIND In Enfield - support to set up a Mental Health Network in Enfield 8EHMHT- grants prograrnme LBE Trusted Voices - grants programme More details of all EVA Activities can be found in the 202312024 Impact Report (please contact enfie k for a copy). EVA continues to provide the following servlces to groups In Enfield: EVA Community Accountant - EVA oversees the ECAS project, which received partial funding from the London Borough of Enfield. the Big Lottery Fund. and the City Bridge Foundation. The project's primary goals include empowering groups in financial management by equipping them with essential financial skill5. Through one-on-one advice, support, and training, EVA ensures that groups meet compliance requirements with Funders, the Pension Regulator, HMRC. Companies House. and the Charity Commission. ENFIELD VOLUNTARY ACTION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 In this year, the ECAS project achieved its objectives through 8 range of training, advice, and guidance initiatives.. Tralnlng Courses and Accounting System Support: ExcellBookkeeping training for 6 delegates from 4 organisations. In-house payroll training support for 2 organisations. QuickBooks and Xero accounting syslem support for 5 organisations. Budgeucostings training for 9 delegates from 8 organisations. Conducted 2 'Understanding Annual Account. presentations, reaching 17 delegates from 17 organisations. One.on4)ne Advlce and Support Sessions: EVA provided 226 individual advice and support sessions to 64 local organisations. Breakdoivn Analysis of Advice and Support G￿¥ernarre, Fund'.no ieg8i£iruttures_. /Pwo'.jPenscn ￿0￿￿.,.￿te Fn*ce Pc.'r es Frc=edures Bwkkeep IA==cunrlCornp.'an=e BLp*erinE ancs iC (831) 64.055 63,224 Reconciliation of funds: Fund balances at 1 April 2023 410,822 352,294 763,116 411,653 288,239 699,892 Fund balances at 31 March 2024 414.107 283,610 697,717 410,822 352.294 763.116 The statement of financial activities indudes all gains and losses recognised in the year. Ail income and expenditure derive from continuing activities. 12- ENFIELD VOLUNTARY ACTION BALANCE SHEET ASAT31 MARCH 2024 2024 2023 Notes Flxed assets Tangib18 assets 11 5,029 6,705 Current assets Debtors Cash at bank and In hand 12 2,812 689,876 5,526 1.104,151 692.688 Creditors: amounts falllng duo withln one year 1.109,677 13 (353,266) Net currnnl assets 692.688 756,411 Total assets less ¢urrent Ilabllltles 697.717 763.116 Net assets excludlng ponslon Ilablllty 697,717 763.116 The funds of the charlty Restricted income funds Unrestricted fvnds 15 283.610 414.107 352.294 410.822 697,717 763,116 Th8 company15 entitied to the 8xemption from the audlt requirement contsined In section 477 of the Companles Act 2006. for the year ended 31 Marth 2024. The trustees acknowledge their responsibilliles for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the stste of affairs of the company as at the end of the financial year and of its incoming resources and applicthon of resources, including its income and expendlture, for the financial year in accordance wtth the requirements of sections 394 and 395 and whlch otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. The members have not requlred the company to obtaln an audit of Its financial stataments for the year In question In accordance with s8ction 476. These ffnancial statements have been prgpared In accordance with the prowsions appllcable to companies subject to th8 small companies regime. The financsal ststements were approved by the trustees on 16 September 2024 B Betton Chair C Mccoy Chalr Company registratlon number 03755382 (England and Wales) 13- ENFIELD VOLUNTARY ACTION BALANCE SHEET (CONTINUED} ASAT 31 MARCH 2024 Critical accountlng estimates and judgements In the application of Ihe charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual restslts may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects bDlh current and fulure periods. A¢counting pollcies Charity Information Enfield Voluntary Action is a private company limited by guarantee incorporated in England and Wales. The registered office is Community House, 311 Fore Street. London, N9 OPZ. 2.1 Accounting convention The accounts have been prepared in accordance with the charity's Memorandum and Articles ofAssocialion, the Companies Act 2006 and "Accounting and Reporting by Charities= Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland {FRS 1021. (as amended for accounting periods commencing from 1 Janu8ry 2016). The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements are prepared in slerfing, which is the functional currency of the charity- Monetary amour)ts in these financial statements are rounded to the nearest £. The accounts have been prepared under the historical cost convenlion. 2.2 Going concern At the lime of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable fulure. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 2.3 Charitable funds Unrestricted funds are available for use at the discretion of Ihe trustees in furtherance of their charitable objectives. Designated funds comprise funds which have been set aside at the discretion of the trustees for $￿cIfiC purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements. Restricted funds are subject to specific condition5 by donors or gr8ntors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes lo the financial stalements. 2.4 Income Income is recognised when the charity is legally enlilled to it afler any performance conditions have been met. the amounts can be measured reliably, and it is probable that income will be received. The charity re￿iVed money mainly through donations and events occurring within the year. Income is measured at Ihe fair value of the consideration received or receivable and represents amounts receivable for goods an(1 services provided in the normal course of business, net of discounts. VAT and other sales related taxes. 14- ENFIELD VOLUNTARY ACTION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies {Continued) 2.5 Expenditure ExpenditL+re is recognised once there is a legal or constructive obligation to transfer economic benefit to third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support Costs involved in undertaking each activity. Direct costs attributable lo a single activity are allocated directly to thal activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. Costs are accounted for when they are incurred, with irrecoverable VAT being charged as a cost against the relevant activity. Costs of Charitable activities relate to the furtheran￿ of the charities objectives. Costs of raising funds relate to events and other activities through which the charity raises its profile. Administration costs represent the running costs of the charity which are charged to the income and expenditure account in the period when they are incurred. They are included wholly within the Charitable Activities. 2.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreci81ion is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Plant and machinery 25Yo per year on a reducing balance basis The gain or loss arising on the disposal of an asset is determined as the difference belmeen the sale proceeds and the carrying value of Ihe asset. and is recognised in the statement of financial activilies. 2.7 Impairment of flxed assets At each reporting end date, the charity reviews the carrying amounts of its tangible assets to detemiine whether there is any indication that those assets have suffered an impaiment loss. If any such Ind￿atIOn exists, the recoverable amount of Ihe asset is estimated in order to detemine the extent of the impairment loss lif any). 2.8 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held al call with banks, other short-term liquid investments with original maturities ol three months or less, and bank overdrafts. Bank overdrafts are shown within borrowngs in current liabilities. Basic financial assets Basic financial assets, which indude debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaclion, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable wilhin one year are not amortised. 15 ENFIELD VOLUNTARY ACTION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Continued Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised al transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value Of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade credilors are obligations lo pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade credilors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition of financlal liabilifies Financial liabilitie8 are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 2.9 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's seNices are received. Temination benefits are recognised immediately as an expense when the charity is demonstrably committed to temiinale the employment of an employee or to provide termination benefits. Income from donations and legacSes Unrestricted Restricted funds fund5 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Donations and gifts Grants 1,400 178.456 1,400 978,745 181,757 759,978 941.735 800,289 181,757 759.978 941,735 179,856 800,289 980.14S Income from charitable activltles Unrestrlcted fvnds 2024 Unrestrlcted funds 2023 Training income 400 1,195 16- ENFIELD VOLUNTARY ACTION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from investments Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Interest receivable 6,753 6,753 2,600 33 2,633 Expenditure on raising funds Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Fundraising and publicity Staging fundraising events Fundraising agents Advertising other fundraising costs Staff costs Support costs 202 239 1.324 408 15,546 1,124 12,396 102 2,585 55,880 28,118 477 12,598 341 3.909 56,288 43,664 1,601 322 198 1,218 6,605 13,103 387 9,046 406 2.265 37.076 35.473 103 9.368 604 3,483 43,681 48,576 490 18.843 99,558 118,401 21,833 84,369 106,202 Charltable activities 2024 2023 Staff costs Project Cosls Support Costs 388,181 502.910 1,058 433.863 377,363 12,192 895,886 814,547 Analysis by fund Unrestricted funds Restricted funds 166,782 729,104 162,649 651,898 895,886 814,547 17- ENFIELD VOLUNTARY ACTION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Trustees None of the trustees {or any persons connected with them) received any remuneration during the year. but Jo Ikhelef was reimbursed a total of £237.99 for Iravelling expenses, £854.60 for subsistence, £1,437.53 for other office expenses £40.98 for slaff gifts. Employees The average monthly number of employees during the year was.. 2024 Number 2023 Number 11 Employment costs 2024 2023 Wages and salaries Social security costs Other pension costs 371,301 24,137 36.407 378,671 31,224 72,544 431,845 482,439 There are no employees who received total employee benefits (excluding employer pension costs) of more than £60,000. There were no employees whose annual remuneration was rnore than £60.000. Remuneratlon of key management personnel The remuneration of key management personnel was as follows: 2024 2023 Aggregate compensation 2,571 10 Taxatlon The charity is exempt from tsxation on its activities because all its income is applied for charitable purposes. 18- ENFIELD VOLUNTARY ACTION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 11 Tangible flxed assets Plant and machinery Cost At 1 April 2023 102,508 At 31 March 2024 102,508 Depreclation and impairment At 1 April 2023 Depreciation charged in the year 95,803 1,676 At 31 March 2024 97,479 Carrying amount Al 31 March 2024 5,029 At 31 March 2023 6,705 12 Debtors 2024 2023 Amounts falllng due within one year: Trade debtors 2,812 5.526 13 Creditors: amounts falllng due within one year 2024 2023 Notes Deferred income Other creditors 14 316,000 37,266 353.266 Other creditors in 2023 related lo funds received from the PGG that were due to an Independent Gr￿p and not EVA. Consequently these funds were held in the accounts as an amount due to a third paty. This was paid out two months after the 2023 year end. Deferred Income in 2023 related to a combination of project funds received as the projects spanned over the financial year. These funds have been recognised in 2024. 19 ENFIELD VOLUNTARY ACTION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 14 Deferred income 2024 2023 Other deferred income 316,000 Deferred income is included in the financial statements as follows.. 2024 2023 Deferred income is included within.. Cu￿ent liabilities 316,000 Movements in the year. Deferred income at 1 April 2023 Released from previou5 periods Resource5 deferred in the year 316,000 1316.000) 316,000 Deferred income at 31 March 2024 316,000 15 Restrlcted funds The restricted funds of the charity comprise the unexpended balances of don81ions and grants held on trust subject to specific conditions by donors as lo how they may be used. At 1 Aprll 2023 Incoming resources Resources At 31 March expended 2024 352,294 759,978 (828.662) 283,610 Prevlou5 year: At 1 April 2022 Incoming resources Resources At 31 March expended 2023 288.239 800,322 (736,2671 352,294 16 Designated funds The unrestricted fvnds of the charity comprise the unexpended balances of donations and grants which ar8 not subject to Specific conditions by donors 8nd grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. Staff Liabilities 128.425 The staff liabilfrties fund contains the costs associated with redundancies for EVA staff. EVA has long standing staff that have been developed over a number of years demonstrating exceptional commitment to their projects. Therefore, EVA has proportionally higher staff liabilities. EVAS trustees have thus acted prudently and responsibly in designating fund5 to meet these liabilities. 20- ENFIELD VOLUNTARY ACTION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 Analysis of net assets between funds Unrestricted funds 2024 Restricted funds 2024 Total 2024 At 31 March 2024: Tangible assets Current assetsl(liabilitiesl 3,893 410,214 1,136 282,474 5,029 692,688 414,107 283,610 697,717 Unrestricted funds 2023 Restricted funds 2023 Total 2023 At 31 March 2023: Tangible assets Current a5setsl{liabilitiesl 5,190 405,632 1.515 350,779 6,705 756,411 410,822 352,294 763,116 21 ENFIELD VOLUNTARY ACTION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 18 Restricted Funds The restricted funds consist of the following Surplusl{deflcit) for YIE 31 March 2023 Reserves Blfwd Incoming Outgoing ReseNes Clfvid LBE Prevent - PSC 17,000 (16.974) 26 26 LBE Debt Aclive 14,424 26,250 136,5731 110,3231 4,101 LBE Active Through Football 2,458 4,000 12,7601 1,240 3,698 Big Lollery- Awards ForAII 10,000 (3,1601 6,840 6,840 Big Lottery Grants Programme 969 (969) 1969) BL Homelessness 13,461 55,081 (42,765) 12.316 25,777 NHS CCH 50,000 130.1721 19,828 19,828 Unity PCN 58.070 156.9411 156,9411 1,129 Evergreen 12,479 12.479 Local Motion 144,336 88,983 (233,275) (144,292) -22- ENFIELD VOLUNTARY ACTION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 18 Restricted Funds (Continued) Surplusl{deficit) for YIE 31 March 2023 Reserves Blfvid Incoming Outgolng Re5eTves Clfwd LONDON SPORT 9,093 (9,093) (9,093) NCL Volunteering 8.768 (8,6301 138 138 BEH Mental Health Trust 2,401 4,583 (6,9841 (2,401) CCG Health Champions 14.176 36.667 142,121) (5,4551 8,721 Independent Groups 1.000 1,000 Royal Free Charity 1,115 6,000 (7,115) 11.115) LBE Outcome 19,443 111,500 {112.092) (592) 18,852 Mind Mental Health 5,305 10.833 (6,915) 3.918 9,223 Trusted Voices 27.097 90.000 (47,0591 42,941 70,038 VCSE Alliance 26.468 5,550 {8,6301 (3,0801 23,388 Big Local 172,261 (107,8881 64,373 64,373 Emergency Fund 5,000 (5,000) City Bridge 57,500 (43,545) 13.955 13,955 352.294 759,978 (828.661) (68,684) 283,610 23-