REGISTERED COMPANY NUMBER: 05397785 (Emgland 8nd Wales) REGISTERED CHARITY NUMBER: 1109149 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR ENFIELD ASIAN WELFARE ASSOCIATION LTD (A COMPANY LIMrrED BY GUARANTEE) Chartered Accountants 9 Churchill Court 58 Station Road North Harrow HA2 7SA
ENFIELD ASIAN WELFARE ASSOCIATION LTD CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page Report of the Trustees Independent Examiner's Report ststement of Finanelal Aetivitiés Balance Sheet 10 to 11 Notes to the Financial Ststements 12 to 18 Detailed Statement of Financial Aetlvities 19 to 20
ENFIELD ASIAN WELFARE ASSOCIATION LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Report of the Board of Trustees for the year ended 31March 2024 {In¢orporating the Directors Report) The Trustees are pleased to pres¢nt their report and fmancial statements for the year ended 3 Imarrh 2024. These fmancial statements have been prepared in accordance with th¢ "Stat¢m¢nt of Recomm¢nded Pra¢tice: Accounting artd Reporting by Charities preparing their accounts in accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) C'the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ir¢land CFRS 102") and with the Charkties Act 2011. The charity meets the defmition of a public benefft entity as set out in FRS 102. Structur4 governanc and managemeDt Status Enfield Asian Welfare Association (EAWA? is a Company Limited by Guarantee not having a Share Capital. It is also registered &8 a Charity and is governed by its Memorandum and Articles of Association. EAWA has an Executive Committee, known as the Board, of not less than 3 and is not subject to any maximum. One-third of the Board retires by rotation at each Annual General Meetings and is eligÈble for re-election. Directors who served during the year are sL*ed in this reporL An advisory committee of five service users is elected each year, prior to the Annual General Meeting. Théy can put forward, for consideration by the Board, any matters that cannot be dealt with at usual management levels. The declslon-making proeess The Board meets monthly and approves rnajor policy decisions. The Chief Executive is responsil)le to the Board and ensures that all the policies and procedures are in place. The Chief Executive makes the day-to-day decisions on an operational level and regularly liaises with the Chairnwi of the Board on Organizational and Mider matters. The Board members are recruited by adv¢rtising widely through TThtee Recruitsnellt sites on the internet and via community connections. EAWA: - Ensures that the recruited people n]eet the legal requirements to qualify as trustee5. - Ananges interviews and ensures that the skills meet with fitture needs. - Provides inductions and induction packs. Visits are arranged to all EA WA'S operational bases. knanges tratning for the new Board members in line with their needs and gives inforniation on ' th¢ lioles and Responsibilities of the TnteeS., Plus refers them to the Charity commission for further infornlation. Ensures that the Trustees agree to a Cooe of ConducL Risk Management: Premises EAWA has continued operations at the Wheatsheaf Hall. The risk of the Wheatsheaf Hall, being withdrawn immediately has been averted: EAWA have been informed that they can continue with tke hire on a 6 monthly basis. The temporary nature of our hire agreements for the day care centre and office, means that premises are still a risk fact.or. Thus, EAWA is continuing its search for a long-terni pennanent premise to house the day centre and office. EAWA must fimdraise. &8 the Property lease and purchase Prices are high and the EAWA reserves do not cover the cost. 4 Day a week operation to Deg2ts105ses EAWA day care opening w&s reduced to 4 days a week from October 2023. This w&8 to reduce the overheads incurred against the reduction in income as discussed in earlier T¢POrts. The overall loss to 31 st March 2024 was thus nlaged and reduce Contingencies EAWA budget is based on realistic figure5 and no contingencies are built in. In year ended 3 1st March 2024, EAWA had an approved budget which would incur losses however, EAWA reduced this figure sigllificantly by being prudent and reducing the days of operation Page I
ENFJELD ASIAN WELFARE ASSOCIATION LTD REPORT OF THE TRUSTEES FOR THE YEAR EIYDED 31 MARCH 2024 Continuity There were no continuity probl¢ms for EAWA. A local day care centre for the Eld¢rly was closed and EAWA th¢r¢fore adjusted its day care model to be open to, and assisl all conllnunities (not just Asians). Transport The situation is unchanged from the last report. EAWA will need to sell its Guent minibus and buy a ULEZ compliant vehÉcle before 25th October 2025. We have set aside reserves for a minibus purchase as all our clients need transport. Investment The situation remains unchanged in that since the sale of the prerni, in 2015, EAWA has a sound reserves position. Funds in the reserves have been invested in blocks of £85,000, into a few accoun to safeguard them frorn any risks. The interest rales have improved.. Finaneial Review The results for the fllMncial period are set out in the attached accounts. The EAWA day care Deficit was £26,674 (2023:£67,903) This loss was greatly reduced by iestiictiDg day rare opening to 4 days a week. We akn opened to all conimunities: this is growing organi¢ally. EAWA was impacted by the demise of clients due to its rovision for hi&h needs and this ETevented EAWA reaching breakeven level. Funds EAWA has £428,843 Unrestricted reserves of whi¢h £390,0(K) are held &s Designated Funds for specific purposes. Public Benefit ststement The Trustees confnin that they have complied with the requirements of section 17 of.the Charities A¢t 2011 to have due regard to the public benefit guidance published by the Charity Cornmission for England and Wales. Objettives and Activities Objects To alleviats Isolatio we l. Deliver appropriate facilities with qualified staff. 2. Deliver leisure activities and recTeational pursuits. 3. Deliver educational activities thal improve access to infonnation and learning. 4. Deliver activities which promote health, well-being and improve quality of life. Through tbe provision of our services. we seek to enhance the lives of elderty people/the local community and their Cer&lfamIlIes within the London Borough of Enfield and soUnding Boroughs who have need for su¢h facilities by reason of age, infirmity, disablement or social isolation. Achievements and Perforn8nce Tbe Day care service has been designed to meet the EAWA charitable objectives. The main activities undertaken, towards achieving EAWA'S objectives, were: - Seated Yog& Tai Chi/ Dance . Flower arranwg - Extra sociable group artivities - Reflexology - Indian Head Massage - Social Interaction - A hot Asian and Non-Asian meal with a varied menu - Pedicure: toenail clipping - Transport managed ftir clients as needed Page 2
ENFIELD ASIAN WELFARE ASSOCIATION LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Seasonal Aetivlties Celebration of fe5ttva15 Special DiwalilEid Paty for EAWA day care and Social Hub clients plus their Carerslfamily. We hired a Live IJJdian music band from Pankaj Sodha. had delicious food, raffle prizes etc. Over 150 people attended. Cbristmas lunch at Chennai Spice Restsurant which wa5 enjoyed by all. EAWA arranged talks in March 2024 with the EDfield Memory Service about understanding people living with Dementia and in August 2023 by St Jolm Ambulance about Heart safe communities - Ejnergency First Aid. EAWA arrang¢d outings to,, - Forty Hall and park - South end on sea - Pi73a Hut for Lunch . Rani Restaurant in Fillchley EA WA day care centre collaborated with'Advate¢h to pilot HeaEth Checks ups for the clients and health monitoring watch¢s with some Carers. This was an innovative addition. Why EAWA Day care is a valuable and cost-effective service for Clientslcarerslfamilies: - By clients attending the day care centre Carers get a break for more than 5 hours a day if you consider the time to and from the centre on transport. - The Carer break is regular each weeL thus, the Carerfs), can plan to spend time proactively to go out where-ever they choose or to work, to exercise, etc - The Carer may not be one person alone, they may have a family and this family also benefits. - The clients get a wide variety of services which are designed for age and disability and have positive impacts on well-being - They have care from staff who value them greatty whilst being empowered to be independent. - EAWA'S outcomes have been well documented for clients and Carers - Day care versus Domiciliary care: If a person does not attend the day care centre with all the benefits highlighted above then they have access to domiciliary care. This domiciliary ca costs an average of £22 to £25 per hour.This would provide for physical needs and the Car¢r would not b¢ able to go out to have a break. nor would the break be as substantive and a¢hi¢ve that achieved by the EAWA day care placement. A sitting service would give the Carer a breaK however the client benefits are not as substantial, nor can the Carer have lon& and regular breaks as illustrated above. Other EAWA work l. Soeial This provided a range of servfices: a) Outreach project in Edmonton Green Lil)rary: Thursday, Friday mornings-l lam to 12.30pm. Activities: Seated Yoga, Seated Tai Chi, tall(s, knitti Outin restaurant lunches and coffee shop visits to 1.45pm b) An Online Zoom Social Hub Tu¢sday afternoons - 1.30pm to 2.30pm Activities". Quizzes, Cookery demonstrations. dance, mind]nesS, and other activities c) A Zoom Yoga and social interaction session Thursday afternoons - 2pm to 3.30pm. d) Telephone Befriending Tuesday mornings Page 3
ENFIELD ASIAN WELFARE ASSOCIATION LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED ?1 MARCH 2024 e) Group day trips of places of interest to clients e.g., Sky garden in London, Cotswolds, Festival of Inspiration at N¢asden Temple, Seaside and Oxford Christmas Market. fj Attendance to a Health and Welfare event in March 2024 arranged by the NHS NoTth middles University Hospital Diabetes Department. g) Sessions about W¢llbeing and Mentsl Health awareness and with Coop for estate planning. h) Volunteers and the CoordinatOT took training for BP measurement for a clinic with Healthwatch Enfield and a clinic w&s then held at the Social Hub. i) Christmas Lunch in December 2024. j) A pop-up Service in Palmers Green Library to find hard to reach isolated 50 plus people and provide a place to meet plus ty an actlvlty from January to March 2024. Open to all backgrounds, this project continued to be unique to Enfield in proactively seeking to identify and reach out to older p¢ople who are alone and not known to mainstream services. EAWA fided this project. We supported many people for example, 67 people on average over thre¢ months from October to Dexember 2023 and 20 in the On]ine Zoom Yoga. EAWA succeeded to attain Cornmunity Fund Nation& Lottery Fund for 5 years in the sum of £218, 640 over 5 years from 1st April 2024. This fund will enable EAWA to continue the work of the Social Hub and bran¢h out into working with Sheltered Homes as well. 2. EAWA updated its website to enable a greater reach for marketing its services. 3. EAWA collaborated with Bn¢] Universty: University Students undertook re5eaT¢h to identify successful proj¢cts that improve the life of elderly people (and therefore their carers) across England. The projects had to be impactful and not already provided for in Enfield and sUouding Boroughs. The aim of the research was to allow EAWA to replicate and create innovative projects in their area and appEy for funding for them based on proven need and resource requirements that the Brunel Team would also idemify. 4. Collaborated with the Enfield Island Village Trust to provide taster sessions of chair yoga and dance for the 50 pl community in the Enfield Island Village estate. 5. Twalking Pilot Project: Two teams of 3 staff and their families participated in the project encouraging daity walking for health ÈmPTovement, using an App called My Virtual Mission. The aim was to wa]k 255 mi1¢5. Our tearns were 5th and 6th in completing the walL This project was in conjunction with a Loca] GP Practice. 5. EAWA ChaiTperson and CEO attend¢d the Bengal Pride Awards at the Houses of Parliament in Juty 2023. 7.Quality Marks: EAWA p&8sed lS09001:2015 inspection in December 2023. The report was positiv¢ about EAWA manag¢ment compliance and operations. 8. EAWA is WOltig with a Council officer, to fAnd suitable premises for the day care centre and to house the office as well. 9.The EAWA Team: EAWA Wly values the ColltnutI0n of all stafflfreelancers and volunteers who work proactRvely deliver the excellent services that EAWA provides. The staff team r¢mained unchanged apart from a Business Support Manager who left at the end of March 2024. Page 4
ENFIELD ASIAN WELFARE ASSOCIATION LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The EA WA Board are all volunteers and meet monthty on 200m to guide and steer the work of EAWA. They are all professional and want to achieve a positive irnpact for the Community and ensure that EAWA is continuously improving. We thank everyone in the EAWA team. We are sadly witnessing the retirement of Naveed Ahmed as Chairrnan from 6th November 2024 after 14 years of dedicated service to EAWA. This is a huge loss to EAWA. Naveed will be spending more time on other interests and pursuils. W¢ wish to thank Naveed for his wholeheart¢d support of the work of EA WA over so many y¢ars. EAWA also wants to thank everyone who has contributed to our work To conclude: EAWA has enriched the lives of older people and their carers and also worked with the 50 plus generation to r¢duce loneliness and isolation. EAWA has sought to bring fresh ideas and iJ]novation by working collaborntively with other providers and institutions. Financially, we have incurred a loss but was controlled by ruring the day Centre opening to 4 days a week. We have reduced th¢ overheads and still increased our range of services within the day centre thus enabling a full and more active day for our clients. Future plans: EAWA aims to serve the Community progressively. EAWA will improve continuously and will work on its business plan ain]ed at growth. EAWA will purchase a new ULEZ compliant miniblls and sell the current one. Independent Examillers A resolution to reappoint Chapman's Associates Limitel Chartered Accountants as ]ndependent ELiminers will be proposed at the Annual General Meeting. The Board wishes to express its thanks to Miss Chetna Shah and all the staff for their dedicated and loyal service. They also wish to thank the elected Users Advisory Cornmittee for their guidance throughout the period. STRUCTURE, GOVERNANCE AIID MAI¥4AGEMENT Governing document The charity is governed by it Memorandum and Article5 and constitutes a limited company, limited by guarantee, defined by the Companies Act 2006. Page 5
ENFIELD ASIAN WELFARE ASSOCIATION LTD REPORT OF THE TRUSTEES FOR THE YEAR EIYDED 31 MARCH 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Incorporation as a Company: Company Limited by Guarantee No.5397785 - IncoTporated on 18.3.2005 Registered as Charity: Registered Charity No. 1109149 - Registered on 20.04.2005 Governing Document: Memordndum and Articles of Association Mission Ststement: To supporL empower, and enrich the lives of Older Members in the Community. Our Vision is: To be a trusted and valued First Cboice Provider of Inclusive servic¢s that creates an inspiring, positive, irnpact in the comrnullity. Directors aud Trustees: The directors of the charitable company ('Yhe Charity") aff its Trustees for the puo)oses of the charity law, and throughout this report are referred to as Trustees. Those who served during the year were: Mr. Naveed Ahmed (Chainnan) (Joined 2011012010) Mr. Richard Fernandes (Joined 30th June 2014) Mr. Sudipta Ghosh (Joined 21 st March 2017) Mr. Samit Kumar Biswas (Joined 23rd October 2019) Mr. John Martin (Joined l November 2023) Ms Nasim Ferdous (Joined l November 2023) Company Secretary and Chief Executive Officer". Miss Chetna Shah Users Advisory Committee: Elected l November 2023 Kumud Shah Radha Patel Sunil Lak1] Kasijn H05ein Registered Office: Office No. I, Alex8nthz Business Suites, 52 Alexandra Roa(L PondeTS Enl Enfield, Middlesex. EN3 7EH Tel: 020 8443 1197 Email: eawa.library@eawa.org.uk and info@eawa.org.uk Website: www.eawa.org.uk Day Centsr Sites: Wheatsheaf Hall, Main Avenue, Bush Hill ParK Enfield, ENI KDS from 20th July 2010 Barclays Bank Plc. 20 The TOW Enfield, Middlesex, EN2 6LY Independent Examiner: Chapn Associate5 Limited, Chartered AoUntantS and Registered Auditors, 9 Churchill Coillt 58 Ststion Roa¢ North Harrow HA2 7SA. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company Dumber 05397785 (England and Wale5} Registered Cbarity number 1109149 Page 6
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ENFJELD ASIAN WELFARE ASSOCIATION LTD Independent examiner's report to the trustees of Enfield Asian Welfare Association Ltd {'the Company,) I report to the charity trustees on my examination of th¢ a¢counts of the Company for the year end¢d 31 March 2024. Re$ponsibilitRes and basis of report As the charity's trnstees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 {'the 2006 Act,). Having satisfied myself that the accounts of the Company are not requiTed to be audited under Part 16 of th¢ 2006 Act and are eligible for independent examination. I report in respect of my examination of your charitys accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 ACV). In carrying out my examination I have followed the Directions given by the Charity Cornmission under Section 145(5) (b} of the 2011 Act. LDdependent examiner's statement I have completed my examination. l Confirni that no matters have come to my attention in conn¢¢tii)n with the ex&mination giving me cause to believe: accounting records.were not kept in respect of the Company as r¢quired by Section 386 of the 2006 Act. or the accounts do not accord with those records" or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a trne and fair view which is not a matter wnsidered as part of an independent examination" OT the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to Charities prepaTiDg their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. rf4J Praful Patel Chapmans Chartered Accountants 9 Churchill Court 58 Ststion Road North Harrow 14A2 7SA io Page 8
ENFIELD ASIATr4 WELFARE ASSOCIATION LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Reglslered office Alexandra Business Suites Office Numberl 52 Alexandra Road Enfield EN3 7EH Trustees Naveed Ali Ahmed Samit Kumar Biswas Richard Alexander Fernandes Sudipta Ghosh John Martin (appointed Lll112023) Nasim Ferdous (appointed 111112023) Company Seeretsry Miss Chetna Shah IDdependent Examiner Chapmans Chartered Accountants 9 Churchill Court 58 Station Road North Harrow HA2 7SA Approved by order of the board of trustees on d signed on its behalf by: Naveed Page 7
ENFIELD ASIAN WELFARE ASSOCIATION LTD STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 Total funds 2023 Totsl fim(L8 Unrestricted fimds Restricted fimd Notes INCOME AIYD ENDOWMEIYTS FROM Services and donations 238,920 238,920 185,853 Investment income 8,155 8,155 2.609 Totsl 247.075 247.075 188.462 EXPENDITURE ON Charitsble activitieg Chitable 273,749 273,749 256,365 NET INCOMEIIEXPEM)fTURE) Transfers between funds (26.674) 12,875 {26,674} (67,903) 14 (12,875) Net movement in funds (13,799) (12,875) (26,674) (67,903) RECONCILIATION OF FUNDS Total fiu]ds brought forward 442,642 12,875 455,517 523,420 TOTAL FUNDS CARRIED FORWARD 428,843 428,843 455,517 The notes forni part of these fanCIal statejnents Page 9
ENFIELD ASIAN WELFARE ASSOCIATION LTD BALANCE SHEET 31 MARCH 2024 2024 Total funds 2023 Total fund5 Unrestrictsd funds Restricted fund Notes FIXED ASSETS TangTri )le assets io 1,108 1,108 1,367 CURRENT ASSETS Debtors Cash at bank and in hand 40,323 393,365 40,323 393,365 24,923 448,093 433,688 433.688 473,016 CREDITORS Amounts falling due within one year 12 (5,953) (5.953) (18.866) ET CURRENT ASSETS 427,735 427,735 454,150 TOTAL ASSETS LESS CURREIYT LIABILITIES 428,843 428,843 455,517 NET ASSETS 428,843 428,843 455,517 FUNDS Unrestricted funds Restricted funds 14 428,843 442,642 12,875 TOTAL FUNDS 428,843 455,517 The chaTitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ¢nded 31 March 2024. The members have not Tequired the company to obtain an audit of its financial statements for the year ended 31 MaTch 2024 in accordance with Section 476 of the Companies Act 2006. The trustees a¢knowledg¢ their responsibilities for (a) ¢Dsuring that the Chitable company k¢¢ps accounting records that comply with Sertions 386 and 387 of the Companies Act 2006 and preparing fmancial stakm¢nts which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for eh fmancial year in accordance with the requirements of Sections 394 and 395 and which otherwise cornply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the clwitable company. (bl The notes fonn part of these financial staternents Page 10 continued...
ENFIELD ASIAIY WELFARE ASSOCIATION LTD BALANCE SHEET- eontinued 31 MARCH 2024 These fancial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small wmpanies regime. Th¢ f]nancial ternents were approved by the Board of Trustees and authorised for issue . and were signed on its behalf by: on Naveed te The notes forni part of these financial statements Pagell
ENFIELD ASIAN WELFARE ASSOCIATION LTD NOTES TO THE FJNANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Basi5 of preparing the financial statements The financial statements of the charitable company. which is a public benefit entity under FRS 102, have been prepared in accordance with the Chatities SORP IFRS 102) 'Accounting and Reporting by Charities: Stalement of Reconunended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and R¢public of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Irelalld, and the Companies Act 2006. Th¢ financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the fid5, il is probable that the income will be received and th¢ amount can be m¢asured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expendithre, it RS PTobable that a transftr of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an a¢cruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular ILeadings they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed assets Depre¢iatiorA is provided at the following annual rates in order to write off eacb ass¢t over ils estimat¢d useful life. Taxation The charity is exempt frorn corporation t&x on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. R¢stri¢t¢d funds can only be used for particular Testricted pUoSeS within the objects of the charity. Restrictions arise when specified by the donor or when fund5 aTe raised for particular restri¢ted pury)os¢s. Further explanation of the natur¢ and purpose of each fund is included kn the Dotes to the fmancial statem¢nts. Pensfion eosts and other post-retirement benefits The charitable company operdtes a defmed contribution pension scheme. Contribution5 payable to the eharitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Page 12 continued...
ENFIELD ASIAN WELFARE ASSOCIATION LTD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 SERVICES AIYD DONATIONS 2024 2023 Gifts Project related income Spot contracts and service users contributions Donation & Miscellaneous income 799 184,634 419 229,141 9.779 238,920 185,853 INVESTMENT INCOME 2024 2023 Deposit account interest 8,155 2,609 CHARITABLE ACTIVITIES COSTS Support costs (see not¢ 5) Direct Costs Totals Charitable 165,132 108,617 273,749 SUPPORT COSTS Govemanr costs Management Totals Charitsble 107,391 1,226 108.617 IYET INCOMEI(EXPENDITURE) Net income/(expenditure) is stated after charginpJ(creditinE): 2024 2023 Depreriation - oMTred assets 845 697 Page 13 continued...
ENFIELD ASIAN WELFARE ASSOClaTION LTD IYOTES TO THE FINANCIAL STATEMEF4TS - continued FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits ftir the year ended 31 March 2024 nor for the yeaT ended 31 March 2023. Trustees, expenses There were no trustees, expenses paid for the year ended 31 March 2024 nor for the yeaT ended 31 March 2023. STAFF COSTS 2024 2023 50,608 48,776 Key employee Ternuueration - CEO COMPARATIVES FOR THE STATEMENf OF FINAI¥4C'IAL ACTIVITIES Unrestricted funds Restricted fund Total furtds INCOME AND ENDOWMENTS FROM Services and donations 185,853 185.853 Investment income 2,609 2,609 Total 188,462 188,462 EXPENDITURE ON Charitable activities Charitable 251,431 4,934 256,365 NET INCOME/(EXPENDITURE) (62,969) (4,934) (67,903) RECONCILIATION OF FUNDS Total funds brought forward 505,611 17,809 523.420 TOTAL FUNDS CARRIED FORWARD 442,642 12,875 455,517 Page 14 continued...
ENFIELD ASIAN WELFARE ASSOCIATION LTD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 io. TANGIBLE FIXED ASSETS Fixtures and fittings Motor vehicles Totals COST At l April 2023 Additions 19,036 586 23,741 42,777 586 At 31 March 2024 19,622 23,741 43,363 DEPRECIATION At l April 2023 Char8e for year 17.669 845 23,741 41,410 At 31 March 2024 18,514 23,741 42,255 NET BOOK VALUE At 31 March 2024 1,108 1.108 At 31 March 2023 1.367 1.367 11. DEBTOKS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Fees receivable Other debtors Prepayments 31,317 21,247 1,000 2,676 3,006 40,323 24.923 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Bank loans and overdrnfts (see note 13) Trade creditors Social security and other taxes Pension payable A¢¢nl expenses 9.442 2,721 2,917 1,085 2,701 1,736 2.350 666 1201 5,953 18,866 Page 15 continued...
ENFIELD ASIAN WELFARE ASSOCIATION LTD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 13. LOANS An analysis of the maturity of loans is given below: 2024 2023 Amounts falling du¢ withill on¢ year on demand: Bank OV¢Tdrafts 9.442 14. MOVEMENf IN FUNDS Net movement in funds Transfers between funds At 3113124 At 114123 Unrestricted funds Operational Designated 7,642 435,000 (26,674) 57,875 (45,000) 38,843 390,000 442.642 (26,674) 12,875 428,843 Restrfieted funds Restricted 12,875 (12.875) TOTAL FUNDS 455,517 (26,674) 428,843 Net movement in fi]nds, included in the above are as follows: Incoming resources Resources expended Movemenl in fijnds UnMtricted funds Operational 247,075 (273,749) (26.674) TOTAL FUNDS 247,075 (273,749) (26,674) Page 16 continued...
ENFIELD ASIAN WELFARE ASSOCIATION LTD NOTES TO THF FJNANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 14. MOVEMEIYT IN FUNDS - continued Comparatives for movement in funds Net movetnent in funds Transfers between funds At 3113123 At 114122 Unrestrieled funds Operational Designated 20,611 485,000 (62,969) 50,000 (50,000) 7,642 435,000 505.611 (62.969} 442,642 Restricted funds Restricied 17,809 (4,934) 12,875 TOTAL FUNDS 523,420 (67,903) 455,517 Comparntive net movement in fijnds, included in the above are as follows: Incoming Resources ¢xp¢nd¢d Movement in fun(is Unrestricted funds Operational 188,462 (251,431) (62,969) Restricted funds Restricted (4,934) (4,934) TOTAL FUNDS 188,462 (256,365) (67,903) A current year 12 months and prior year 12 months combined position is as follows: Net ovement in funds Transfers bettveen funds At 3113124 At 114122 Unrestricted funds Operdtional Designated 20,611 485,000 (89,643) 107,875 (95,000) 38,843 390,000 505.611 (89,643) 12,875 428,843 Restrieted funds Restricted 17,809 {4,934) (12,875) TOTAL FUNDS 523,420 (94,577) 428,843 Page 17 continued...
EI¥4FIELD ASIAN WELFARE ASSOCIATION LTD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 14. MOVEMENT IN FUNDS - continued A cuffent year 12 montlLS and prior year 12 months combined net OVeellt in fimds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestrieted funds Operational 435,537 (525,180) (89,643) Restricted funds Restricted (4,934) {4,934} TOTAL FUNDS 435,537 (530,114) (94,577) Designated funds D¢signat¢d funds are set a8ide for: 2024 2023 Redundancy Fund Minibus Fund Property Fund Contingency Reserve 55,000 20,000 200,000 115,000 40,000 20,000 250,000 125,000 The Contingency Reserve represents funds set aside to enable the charity to continue operations in the event of the charit)Hs income ceasing>. This has been reduced by £10,000 in the CUTrent year. The Redundancy fund has been created in the event of present & future redundancies. 15. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2024. Page 18
ENFIELD ASIAN WELFARE ASSOCIATION LTD DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 INCOME AND ENDOWMENTS Services and donation$ Gifts Project related income Spot contracts and service users contributions Donation & Miscellaneous income 799 184,634 419 229,141 9,779 238,920 185,853 Investment ineome Deposit account interest 8,155 2,609 Totsl incoming resources 247,075 188,462 EXPENDITURE Charitsble activities Wages Insurance Telephone Sundries Luncheon costs Rent Flower aTfdnging Indian head massage Minibus expenses Pediare QI Gong Reflexology Tai Chi Training cost Transportation cost Yoga Chair based exercise Bad debts written off Telephone Entertainment Sundry refreshment Workshop I Project cost FiXtieS and fittings 94.266 1,834 94,648 1.673 13 4,550 11,195 23,628 3,374 2.081 7,564 363 1,458 4,713 1,071 285 695 5,784 425 2.947 12,340 25,137 3,089 3.438 5,337 300 450 5,069 863 204 788 5.388 975 438 139 513 497 275 697 522 903 844 165.132 165,641 Support costs Management Wages Carried forward 86,638 86,638 71,590 71,590 This page doe5 not forni part of the statutory finan¢ial 5tal¢m¢nts Page 19
ENFIELD ASIAN WELFARE ASSOCIATION LTD DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Management Brought forward Pensions R¢nt & rates Light and heat Telephone Postage and stationery Advertising Consultancy fees Bank Charges Hire of fi]nction room Cleaning Internet tharges IT expenses Repairs & r¢n¢wals Payroll fees Staff travelling Venuue hire Training Motor expense AGM Expense Fund raising expense Sponsorship 86,638 (359) 6,878 1,124 1,690 232 897 3.742 114 755 71,590 (1,443) 6,364 E,118 1,720 677 958 2,892 123 56 127 92 56 420 165 490 140 485 (41) 1,720 80 65 2,448 350 3,441 1,000 107,391 89,524 G0venlleC costs AcwwLtancy fees 1,226 1,200 Total resources expended 273,749 256,365 Net expenditure (26,674) (67,903) This page does not forn) part of the statutory financial statements Page 20
eawa Vour Col'e. Our PIicil"Ity ENFIELD ASIAN WELFARE ASSOCIATION LIMITED Acknowledgements for Year Ended 31st March 2024 London Borough of Enfield/HaringeylBarnet/NHS: Adult Social Care Teams, Brokerage, plus Commissionin8 Managers London Borough of Enfield: Community Spaces Manager/Hall Hire Teams/Library Servlce EAWA staff and freelancers Chetna Shah: CEO /Company Secretary Nayana Abeywickrema: Day Care Manager Pavithra Arachchige.. Bank Administrator Irusha Dharmathilaka: Business Support Manager Ooma Jukhoop: Finance]Payroll Emmanuel Benedetti: Accounts/Finance Shobhana Patel: Senior Care Supportworker Rashida Miah: Care Support Worker Naina Chokshi: Care Support Worker Dhiraj Patel: Care Support Worker Harish Chauhan: Care Support Worker/Driver Asma Ali: Care Support Worker Kali Khan: Bank Care Support Worker Chetana Vara: Bank Care Support Worker Ann Wilkin50n: Indian Head Massage Priyanjith Gunasekara: Bank Care Support Worker Lisa Hemmings & M. Ramchandani: Chair Yoga Gillian Diamond: Indian Head Ma55age and Reflexology Joanna Barnes: Tai Chi/Qi Gong Anthony Stadlen: Tai Chi/Qi Gong Frank Wijesinghe: Tai Chi/Qi Gong Dao Lu CIC: Tai Chi Candy Fernandes: Chair Dance Alpesh Kavya's Kitchen.. Vegetarian Hot Meals Nigar Sultana: Flower arranging and Pedicure Chandrika Bheda: Chair Yoga/Zoom Chair Yoga/ Workshops Jackie Sims: Chair Yoga Coordinator EAWA Social Hub: Chhaya Tailor Management Board Naveed Ahmed: Chairman Sudipta Ghosh: Vice Chairman Richard Fernandes: Finance Director Samit Kumar Biswas: Director John Martin: Director Nasim Ferdous: Director Other: National Lottery Community Fund Joanne Stapleton, Good Practice Mentor, Outreach Specialist Accountant Chapmans.. Praful Patel Isoqarfor IS09001-2015 Inspections Pankaj Sodha: Galaxy Superstars Ltd NHS North Central London Cancer Alliance MP Feryal Clark MP Kate Osamor MP Bambos Charalambous Twalking Challenge: Dr Cristina Lopez-Peig Bartletts Solicitors firm for donations Enfieldian Coach Tours Affiliated to Enfield Over 50's Forum Brunel University: Dr Mandekh Hussein Programme Director and Lecturer BASC Global Challenges BASC Global Challenges Year 3 Students: Laura Shearsmith and Karolina Szymanska Volunteers: Nayan Patel: Socia ble Activities coord inator Mukundrai Shah: Daycare Centre helper Akshai Shah: Computer Expert Other: Enfield Voluntary Action EAWA Registered Offi. A'exandra 8iJ5iness Suites C1.fi N'iimber 1 52 Aiexaiidra Road. PtsidoFS End EnfipSd. M¢dd:.esÈx. EN3 7EH EAWA Day Centre b4ffteals2af Hall Corner of Ma,'n Avenue and Roman Way Bush Hi',1 Park Enfleld, .iddle8ex. EN1 1 DS Office Tel. N'g.: 020 8443 1197 Day Centre Nc>.: 020 8363 4622 Email.. info@cawa.org.uk Website.. WbYYV.eawa,org.uk Registere6 Charity ts'o.: 1109149 CompJny Limited by Guarantee No.: 5397785 PEN ISO 9001 CÉiL¢ ACClfDITED ctll** ST AIIOAIIO