REGISTERED COMPANY NUMBER: 05397785 (England and Wales) REGISTERED CHAry NUMBER: 1109149 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR ENFIELD ASIAN WELFARE ASSOCIATION LTD (A COMPAIYY LIMITED BY GUARANTLE) Chapmans Chartered Accounlants 9 Churchill Court 58 Station Road North HaoW HA2 7SA
ENFIELD ASIAN WELFARE ASSOCIATION LTD CONTENTS OF THE FINANCIAL ST ATEMENTS FOR THE YEAR LNDED 31 MARCH 2025 Page Report of the Trustees I to 6 Independent Examiner's Report Statement of Financial Activities Balanee Sheet 9 to 10 No¢es to the Financlal Statements 11 to 17 Detailed Statement of Ffinaneial Activilfies 18 to 19
ENFIELD ASLAN WELFARE ASSOCIATION LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Report of the Board of Trustees for the year ended 31Mareh 2025 (IDeorporating the Directors Report) The TnLSte&q are pleased to present their report and financial statements for the year ended 3 IMarL'h 2025. These financial statements have been prepared in accordance with the Statement of Recommended Practice.. Accounling and Reporting by Charities preparing their a¢¢ounts in accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of ]land (FRS 102) ("the Charities SORP ), wÉth the Financial Reporting Standard applicable in the United Kingdom and Republic of Irelaiid ("FRS 102") and with the Charities Act 2011. The charity meets the definition of a publi¢ benefit entity as set out in FRS 102. Struetur4 governance, and management Status Enfield Asian Welfare Association ('EAWA') is a Company Limited by Guarantee not having a Share Capitsl. It is also regisler¢d as a Charity and ts g0vet14 by its Memornndum 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 eligible for re-election. Directors who served during the year are stated in thi,q rep)rt. An advisory committee of five service users is elected each year, prior to the Annual General Meeting. They Can put forward, for consideration by the Board, any matters that cannot be dealt with al usuaI management levels. The decislon-jnaking process The Board meets monthly and approves Major policy decisions. The Chief Executive is responsible to the Board and ensur&8 that all the policies and procedures are in place. The Chief Executive rnakes the day-to-day decisions on an operdlional level and regularly liaises with the Chairn)an of the Board on Organizational and wider matters. The Board members are re¢TUited by advertising widely through Trustee Recruitment sites on the inlernet and via community connections. EAWA.. - Ensures that the recruited people meet the legal requirements to qualify as trustces. - ATranges interviews and ensures that the skills meet with future needs, - Provides illduction.q and induction packs. Visits are arranged to all EAWA'S operational bases. AngeS training for the new Board members in line with their needs and gives inforniation on ' the Roles and Responsibilities of the Trustees., and refers them lo the Charity ¢omrni5sion for fillther information. Ensures that the Twstees agree to a Code of Conduct. Risk Management: Premises EAWA has continued operdtions at the Wheatsheaf Hall. The risk of the Wheatsheaf Hall, being withdrawn imn)ediately has been averted.. EAWA have been infornied that they can continue with the hire on a 6 monthly basis. The temporary nature of our hire agreemenLs for the day care centre and office, means that premises are still a risk factor. Thus, EAWA is Continuing its search for a long-lerni pern]anen¢ premise to house the day centre and office. EAWA must fUlraiSe, a5 the propety lease and purchase prices are high and the EAWA reserves do not cover the cost. EAWA has given a proposal to le&8e the Wheatsheaf Hall in part or all of it. Four day a week operatlon to negate losses EAWA day care opening was reduced to 4 day% a week from October 2023. This wa8 to reduce the overheads incurred against the reduction in income as dis¢wqsed in earlier reports. The overall loss to 31 st March 2025 was thus managed and reduced. Contingeneles Page I
ENFIELD ASIAN WELFARE ASSOCIATION LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 EAWA budget is based on realistic figur¢s and no contingencies are built in. In year ended 3 Isl March 2025, EAWA had an approved budget which would incur losses however. EAWA reduced this figure significantly by being pwdenL Continuity There were no coniinuity pmblems for EAWA. The demise of clients at the day care centre, meant that EAWA bas had to increase ketill8 efforts. Transport EAWA located a second-hand Mercedes Sprinter in Febnwy 2025. The bus was viewel. local preparntions made to mainlain it aud meel with Section 19 perniit requirements plus make sure that warnties were purchased to avert mrfhanical risks for three years. Insurance compliance was checked as well ab RAC cover as the bus was 5 ionn&s in weight and many companies would not cover it. The bus had many of the required fealures to meet with the disability needs of our clients and ensurc their comfort plus it was ULEZ compliant. Further work was undertaken to raise funds beforc the final purch&s'e and delivery at the end of Junc 2025. Investment The situation remains unchanged in that since the .88lc of the premises, in 2015, EAWA has a sound serveS position. Funds in the reserves have becn invested in bl(Kks of £85.IK)O, into a few accounts. to safeguard them from any risks. The int¢Test rates have improved.. Financial Review The resulis for the financial period are sel out in the attached accounLs. There was a deficit on Unrestricted fimds of £4,918 and a surplus on Restricted thnds of £12,230 giving an overall surplus of £7312 (2024 Deficit:£26,674) EAWA was impacted by the demise of clients due to its Provision for high needs. EAWA received generous donations from Bartletts Solicitors fllln. We a]so opened to all Communities.. thls is growing organically. Funds EAWA has £423,925 Unrestricted reserves of which £390,000 are held as Designated Funds for specific pury)oses. Restricted reserves are £12,230. Pllblie Benefit Statement The Trustees confm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Con)mission for England and Wales. Objectives and Actlvities Objeets To alleviate Isolatio we l. Deliver appropriate facililies with qualified staff. 2. Deliver leisu activilies and recreational pursuits. 3. Deliver educational activiti£s that improvc access to inforniation and learning. 4. Deliver aclivities which promote health, well_being and improve quality of litc. Through the piovi%ion of our SeIec*, we seek to enhance the lives ofeldcrly peoplelthe local con]munily and their carerslfamilies within the London Borough of Enfield and SUOund1ng Boroughs who have need for 8uch facilities by reason of age, infimiity, disablernent or so¢ial isolation. A r¢wlution was passed at the last AGM on 6th November 2024 that. l. The Charity's objects ("Objects ) will Ix changed as follows: To promote the welfarc and relief of people in need by reason of age, infinnity, disability. or poverty in any manner which now or hereafter may be deell)ed by law to be charitable with a particular focus on providing assistance, support and wources to enhance their quality of ]ife. 22. A name change for EAWA will be as follows: EngAge Welfare A&socialion (EAWA) Page 2
ENFIELD ASIAIY WELFARE ASSOCIATION LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 IVIARCH 2025 The tiineline for a forn]al change will also depend on workload prevent negative impact on cashflow and to offer a seamless transition. Achievements and Performanee The Day care service has been designed to meet the EAWA charitable objectives. The main activities undertaken, towards achieving EAWA'S objectives, were: - Seated Yogaj Tai Chbl Dance with different tutor5 and styles of teaching - Flower arranging - Extra sociable group activities, e.g., Cornhole, Picture and Number Bingo, Bag Toss, Hoop loss - Reflexology - Indian Head Massage Social Interdction - A hot Asian and Non-Asian meal with a varied menu - Pedicure: toenail clipping - TranSrt managed for clients as needed At EAWA we celebrdted many Landmark Birthdays and held parti with Clients and their families. Seasonal activitles: EAWA provided..: Special DiwalilEid Paty for EAWA day care plus their Carer%lfamily and Social Hub clients. We hired a Live Indian music band from Pankaj Sodha" had delicious food. rdffle prizes elc. Over 160 people attended. A Christmas paty with many garlles and delicious food was enjoyed by all. EAWA arranged outings to., ' Middleton House and Gardens Picnic ' Seaside Visit- Southend on Sca ' Two Restaurant Outings Collaborations: EAWA worked with the group Immediaie Theatre who undertook Creative art sessions with our day care clients. article was published in Enfield Dispatch about this work with photographs depicting the work on 5tb April 2025 EAWA also ¢ollabordled with the Tottenham Hotspurs Foundation from January to March 2025. They delivered Sporting rnemories and Boccia on two Tuesdays a month plus HeTitage walks. These projects were very much appreciated and enjoyed by the day care Clients. Other EAWA Jvork I. EAWA Soeial Hub was fimded by the Community Fund National Lottery Fund for S years in the sum of £218,640 over 5 years from I st April 2024. This award is a huge achievement for EAWA to enable the continuity of this project and the expaL%ion of it. We wish to thank the National Lottery for their gt7nt and support of EAWA'S work. Social Hub. This provided a rdnge of services.. a) Outreach project in Edmonton Green Library: Wedoesday, Thursday, Friday mornings- I lam lo 12.30pm. Activities.. Seated Yoga, outings, restaurdnt lunches and coffee shop visits to 1.45prn. We opened an extra day, as the library withdrew the use of one of the community rooms from hire, making the delivery .qpace much Snller. EAWA thus spread the clients over 3 days, limiting attendance to once a week for clients, so all could participate and lo enable extra room for more new clients. EA WA fijnded the Wednesday part of this project. So¢ial Hub had an attendee list of 88 people with a 31.40/D increase from last year of 67. Page 3
ENFIELD ASIAN WELFARE ASSOCIATION LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 b) A group day trip, a theatre perfomance plus a picnic c) Health workshops like diabetes, dementia, healthy eating and mental health were delivered in a rel&Ked and friendly environment. d) BP measurement clinics e) Christmas Lunch in December 2024. D The Palmers Green Library outrLYch sassion ended to allow for expansion work with Sheliered Housing activity and negation of loneliness work. The clients were offered se&sions at the Edmonton Green Library. The success of the project was nwked in our evaluation and phoiovoice rqN)rts, which pmved a reduction irfft the feelings of loneliness and isolation and creation of good friendship circles. 2,EAWA provided a Zoom Yoga session Thursday aftemoons- 2pm to 3pnL These session8 were very popular with clients. 3. Marketing: EAWA updated all ILS niarketing malerials, including the day care centre leaflet, website, and created Social Hub ba nners and leaflets FAWA recrnited a Social Media Expert to manage all Soclal Media posts with new Facebook and Instagram sites created for EAWA. This expert all undertook graphic design WO to ne all mataials appealing. EAWA advertised both the Day care and Social Hub in the Enfield Dispatch Newspaper which has an extensive reach with 20,000 copies per issue, and it is free to read. 4.Quality Mark5: EAWA passed IS09001:2015 inspection in August 2024. The Inspector was very ple&sed with the level of care deli vered at all levels of this organisation. 5. Property: EAWA aTranged a mini-Away Day with senior staff and Board members in Septen]ber 2024 to update our business plan. The main action taken was that a proposal was sent to the council otyicer thai EAWA has been working with, for EA WA to lease part of 01 all the Wheatsheaf Hall, ENI IDS. 6. Fundraising for Minibus: In Febrnary 2025, EAWA found a good replacement Minibus. The fimdraising aclion and result on this will be rq)o rted in the next annual report to 3110312026 7.The EAWA Team: The stafflfreelancers and voluntea3 work proactively deliver the excellent services that EAWA provides. The staff t&qm changed with the recruitment of a Business Support Administrator and National Lottery Administrator in September and December 2024. The EAWA Board meet monthly on zoom to guide and steer the work of EAWA. They are all volunteers and profe&%ionals wanting lo achievc a positive impact for the Community and ensure Ihat EAWA is continuously improving. We thank everyone in the EAWA team. EAWA also wants to thank everyone who has contributed to our wo. we have an exlensive but not exhautbtive list of acknowledgements attached lo our reikn. To conclude: F.AWA h&$ a longstanding reputalion as a quality organisa¢ion which %trives to make a difference to the lives of elderly people with Aduli Healtli and Social Care needs. Plus, EAWA strove this year, to expand the So¢ial Hub service with the inclusion of activities for Sheltered Home residents to fonn a communily and negate loneliness at Ihese homes. tn the next ye3 report we will advise you of the impact of this work. EAWA day care centre also achieved extra Se]ceS with partherships that have brought new inclusive activities to brighten the lives of our elders. Page 4
EIYFIELD ASIAN WELFARE ASSOCIATION LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 EAWA has seen the demise of many daycare clients. We remember ttlem th fond memories. We continue our work with the hope that the excellent work that we do will bring many more ncw families lo EAWA.. we wanl our legacy of care, fijlfilment, heallh prevention and respite for Carers to continue for many more years. Fulure plans: To lease a propety for EAWA. Independent Examiners A resolulion to reappoint Chapman's Associates Limite Chartered Accountants as Independent Examiners will proposed at the Annual Generdl Meeting. The Board wishes to express its thank4 to Mtss Chetna Shah and all the staff for tjieir dedicaled and loyal service. lliey also with to thank the elected U8er5 Advisory Committee for their guidance throughout the period. STRUCTURE. GOVERNANCE AND MANAGEIIIENT Goveniing document The charity is govemed by it Memordndum and Articles and constitytes a limited company, limited by guarantee, as defjned by the Companies Act 2006. Page 5
ENFIELDASIAN WELFAREASSOCIATIONLTD REPORT OFTHE TRUSTEES FOR THE YEAR KNDED31 MARCH 2025 REFERENCE ANDADmINIRATlVE DETAILS InCotion &8 a Compw: Company Limited by Guarth No.5397785- lucorpordted on 18.3.2005 Registered a6 Chwity. R¢8iSteffd Charity No. 1109149- Registered on 20.04.215 Goveming Document: Memorandum and Articl¢8 ofA5sociation Mission statem1. To support, empower. and eiCh the livry of Old¢r M¢Jnbtt8 in thc Communty. Our Vision 18." To b? a tnted and valued First Choice Provider of Inclusive services that create5 an inspirin& positiv4 impact in th¢ community. Director8 and Ttee8.. The directors of the charitsble company {"the Chatity.) are its T¢¢¢$ for the puryoses of the charity law. and thn)ughout this report are referred to a8 Trust¢c& Those who scrvcd during the year wer¢: Mr Sudipta Ghosh (Joined 21st March 2017, ApFwJinted Chairnwi 6 Nov¢mb¢r 2024}) Mr Nave£d Ahmed (Joined 2011012010, Resigned Chairnw) 6 Novembff 2024) MrRichard Fernande8 (Joined 30th Jun¢ 2014) Mr Samit KumAr Biswas (Joined 23rd Cktober 2019) MrJohn Martin (Joined I November 2023) MrNasim Ferdous (Joitied l Noventher2023) Cornpany Secr¢tary Chief Executive Officer: Mi69 Chetna Shah US8 Advisory Committee". Ekcted 6 November 2024 Mr8 Kunjud Shah (deceased) Mrs RadhaPatel Mr K88im Hossain Mrg Sultana Rahnwi Mrs Ladkn Shah Office No. I, Alcxandra BusiTh Suites, S2 Alexandra Road, Ponders End. Enfield. Middlesex, EN3 7EH Tcl: 020 8443 1 J97 Ell11. infO@eaorg.llk Day Centre Sites: WheaHall. Main Avenue, Bush Hill Part Enfield, ENI IDS from 20th July 2010 Barclays Bat& Plfy 20 The TOW Enfield, Middlesffj EN2 6LY Chapmans Associates Limite(L Chartcred Accountants and Registered Audit(nE. 9 Churchill Court. 58 Station Road, North Harrow HA2 7SA. 2q.iO.2oir board of on............................................. nd signed on its behalf by". Sud4)ta Ghosh. Tnistee Page 6
IIYDEPENDENT EXAMINERIS REPORT TO THE TRUSTEES OF ENFIELD ASIA1¥ WELFARE ASSOCIATION LTD Independent examiner's report to the trustees of Enfield Aslan Welfare Associatlon Ltd ('the Company,) I report to the charity truste¢s on my examination of the accounts of the Company for the year ended 31 March 2025. Responsiblllties and basis vf report As the ch8rity'5 trustees 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 requiren]enls of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examinatioo I report in respect of my examination of your chity'S accounts" as cwyied out under Section 145 of the Charities Act 2011 Cthe 2011 Act,). In carrying out my examination I have followed the Directions given by the chilY Commisston under Seclion 145(5) (b) of the 2011 Act. Independent examiner's statement Since your charity's gross incom¢ exceeded £250.000 your examiner must be a member of a listed body. I can confirni that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales, which is one of the Iisied bodies. I have completed my examination. I confum that no matteT5 have Con to my attention in connection with the examinalion givAng me cause to believe.. accounting records were not kept in respect of the Company as required 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 true and fair view which is not a matter ¢orLsidered as part of an independeni ¢xamination' or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and rew>rting by charities (applicable to ¢harities preparing their accounts in accordance with the Financial Reponing 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 altention should be drawn in this report in order to enable a proper undcrstanding of the account¥ to be reached. Praful Patel Chapmans Chartered Accountants 9 Churchill Court 58 Station Road North Haffow HA2 7SA Date.. Page 7
ENFIELD ASIAN WELFARE ASSOCIATION LTD STATEMENT OF FINAIYCIAL ACTMTIES FOR THE YEAR ENDED 31 IIIARCH 2025 2025 Total funds 2024 Total funds Unrestricted fiEnds Restricted fund Notes INCOME AND EIYDOWMENTS FROM Services and donations 210,626 210,626 238,920 Charitable activities Charitable 44,472 44,472 Investment income 12,741 12,741 8,155 Total 223,367 44,472 267,839 247.075 EXPEM)ITURE ON Charitable activities Charitable 228,285 32.242 260,527 273,749 NET INCOMEI{EXPENDITURE) (4,918) 12,230 7312 (26,674) RECONCtLIATION OF FUNDS Total fijnds brought fonvard 428,843 428.843 455,517 TOTAL FUNDS CARRIED FORWARD 423,925 12,230 436,155 428,843 The notes fonn part of these financial statements Page 8
ENFIELD ASIAN WELFARE ASSOCIATION LTD BALANCE SHEET 31 MARCH 2025 2025 Tolal funds 2024 Total funds Unrebtricted funds RestTiCted fund Not&s FIXED ASSETS TaDgibl¢ assets 802 802 1,108 CURRENT ASSETS Debtors Cash at bank and in hand 12 41,136 393,886 41,136 406,116 40,323 393,365 12,230 435,022 12,230 447,252 433,688 CREDITORS Amounts falling due within one year 13 (11,899) (11,899) (5,953) NET CURRENT ASSETS 423,123 12,230 435,353 427,735 TOTAL ASSETS LESS CURRENT LIABILITIES 423,925 12230 436,155 428,843 NET ASSETS 423,925 12,230 436,155 428,843 FUNDS UnrestrA¢ted funds Restricted fimds 14 423,925 12,230 428.843 TOTAL FUNDS 436,155 428,843 The charitable company is enlitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025. The members have nol required the company to obtain an audit of its fillancial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006. The IsteeS acknowledge their responsibiliti&q for {a) ensuring that the charilable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial stalernents which give a tsue and fair view of the state of affairs of the charitable company as at the end of each financial year and of its sU]uS or deficit for each funcial y&qr in accordance with the Tequir¢menis of Sections 394 and 395 and which othenvise Comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. (b) The notes forni part of these fman¢ial stalements Page 9 continued...
ENFIELDASIAN WELFAREASSOCIATIONLTI) BALANCE SHEET. contlnued 31 MARCH 2025 The6e fiDan¢ial statfflients have been prepared in accordance with th¢ pft)VAsion8 applicabl¢ to charitable companies 8ubje¢t to the small companies regime. The financial 8tatsments approved by the Board of Th¢¢eS and authorised for issue and wcre signed on its behalf by: Sudipta Gho8h- Trustee The notc6 form part of ihesc financial statements Pa8¢ 10
ENFIELD ASIAN WELFARE ASSOCIATION LTD NOTES TO THE FtNANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES Basis of preparing the finallcial statements The financial statements of the ¢haritsble company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Prnctice applicable io ch8Jities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective l January 2019),, FAnancial Reporting Standard 102 The Financial Rq)orting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The fllkClal stalements have been prepared under the historical cost convention. Income All income is recognised in the Statemenl of Financial Activities once the charity has entitlement to the funds, it is probable tIMt the income will be received and the amount Can be measured reliably. Expenditure Liabilities are re¢ognised as expenditure as soon &$ there is a legal or constructive obligation committing the charity to that expenditure, it is probable tbat a transfer of economic benefiLs will be required in setilemenl and the amount of the obligation Can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. WhaE costs caTmot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resour. Tangible fixed 8ssets Depreciation is provided at the following annual rates in order to write off each assei over ils estimated use1 life. Taxation The charity is exempt from coryoration tax on its ¢haritable activities. Fund accounting Unrestsicted funds can be used in a¢cordance with the charitable objectives at the discretion of the trnstees. Restricted funds can only be used for particular restricted putpo8es within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted pUose$. Further explanalion of the nature and purpose of ea¢h fimd is included in the notes to the fll)an¢ial statements. Pensioll costs and other post-relirement benefits The charitable con)pany operates a defined contribution pension scheme. Contribulions payable to the charitsble company's pension scheme are charged to the Statement of Financial Activities in ihe period to which they relate. Pagell continued...
NFIELD ASIAN WELFARE ASSOCIATION LTD NOTES TO THE FINANCIAL STATEMENTS - eontfinued FOR THE YEAR ENDED 31 MARCH 2025 SERVICES AND DONATIONS 2025 2024 Spot conlrdcts and servicc usm contributions Donation & Miscellaneout> income 201,791 8,835 229,141 9,779 210,626 238,920 INVESTMENT llNCOME 2025 2024 DeFK>Sit a¢¢ount inleregt 12,741 8,155 INCOME FROM CIL4RITABLE ACTIVITIES 2025 2024 Activity Charitable National Lottery 44,472 CHAIUTABLE ACTIVITIES COSTS Support costs (see note 6) Direct Costs Totals Charitable 160,543 99,984 260,527 SUPPORT COSTS Govemance cosis Management Totals Charitable 98,750 1,234 99,984 Page 12 ontinued...
ENFIELD ASIAN WELFARE ASSOCIATION I.TD NOTES TO THE FINANCIAL STATEMF.NTS - eontlnued FOR THE YEAR ENDED 31 MARCH 2025 NET INCOMEI(EXPENDITURE) Net incomel(expenditure) is stated after chargingl(crediting)'. 2025 2024 Depreciation . owned assets 927 845 TRUSTEES, REMUNEIL4TION AND BENEFITS There were no trustees, remuneration or other benefjts for the year ended 31 Match 2025 nor for the year ended 31 March 2024. Trustees, expenses There were no trustees, expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. STAFF COSTS The averdge rnonthly number of employees during the year w&s as follow: 2025 18 2024 14 Charitable activities No employees received emoluments in excess of £60,000. 2025 51,455 2024 50,608 Key employee remunerdtion - CEO io. COMPARATIVLS FOR THE STATEMENT OF FINANCIAL ACTIVITIFS Unrestricted funds Re8tsicled fund Total funds INCOME AND ENDOWMENTS FROM Services and dondtions 238,920 238,920 Investment incorne 8,155 8,155 Total 247,075 247,075 EXPENDITURE ON Charitable actitieS ChaTitable 273.749 273,749 NET INCOMEI(FXPENDITURE) Transfers between funds (26.674) 12,875 (26,674) (12,875) Net movement in funds (13,799) (12,875) (26,674) Page 13 conlinued...
ENFIELD ASIA1¥ WELFARF ASSOCL4TION LTD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 io. COMPAIL4TIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted funds fund Total fullds RECONCILIATIOII, OF FUNDS Total funds brought forward 442,642 12,875 455,517 TOTAL FUNDS CARIUED FORWARD 428,843 428,843 ii. TANGIBLE FIXED ASSETS FiXreS Motor vehicles fittings Totals COST At l April 2024 Additions 19,622 621 23,741 43,363 621 At 31 Mah 2025 20,243 23,741 43,984 DEPRECIATION At l April 2024 Clwge for year 18,514 927 23,741 42,255 927 At 31 March 2025 19,441 23,741 43,182 NET BOOK VALUE At 31 March 2025 802 802 At 31 Mar¢h 2024 L,108 1,108 12. DEBTORS: AMOUNTS Tr ALLING DUE WITHIN ONE YLiR 2025 2024 Fees receivable Prepaymenrs 38,337 2,799 37.317 3,006 41,136 40,323 Page 14 continued...
ENFIELD ASIAN WELFARE ASSOCIATION LTD NOTES TO THE FIIYANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 13. CREDII'ORS): AMOIJNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade creditors Social security and other taxes Pension payable Accrned expenses 4,988 3,231 779 2,901 1,736 2,350 666 1201 11,899 5,953 14. MOVEMENT IN FUNDS Net movement in fiJn&s At 3113/25 At 114124 Unrestricted fund5 Operational 428,843 (4,918) 423,925 Restrieted funds Restricted 12,230 12,230 TOTAL FUNDS 428,843 7,312 436,155 Net movement in fiulds, included in the above are as follows: Incoming resources Resourcas expended Movement in ndS Unrestricted funds Operational 223,367 (228,285) (4,918) Restrjcled funds Restricted 44,472 (32,242) 12,230 TOTAL FUNDS 267,839 (260,527) 7,312 Page 15 continued...
ENFIELD ASIAN WELFARE ASSOCIATION LTD NOTES TO THE FINANCIAL STATEMENTS - eontinued FOR THE YEAR ENDED 31 MARCH 2025 14. MOVEMENT IN FUNDS - continued Comparalives for movement in funds Net movement in fimds Trdnsfers between fund5 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 Restrieted funds Restiicted 12,875 (12,875) TOTAL FUNDS 455,517 (26.674) 428,843 Comparative nel movement in fids, included in the above are as follows: Incoming Resources expended Movement in funds Unrestricted funds Operational 247.075 (273,749) (26,674) TOTAL FUNDS 247,075 {273,749) (26,674) A year12 months and prior year12 months Combined position i.s as follows: Nel movement in funds Trdnsfers between funds At 114123 3113125 Unrestricted funds Opeiational Designated 7,642 435.000 (31,592) 57,875 (45,000) 33.925 390,000 442,642 (31,592) 12.875 423,925 Restrlcted funds Restricted 12,875 12,230 (12.875) 12,230 TOTAL FUNDS 455,517 (19,362) 436,155 Page 16 coniinued...
ENFIELD ASIAN WELFARE ASSOCIATION LTD NOTES TO THE FINANCIAL STATEMENTS - eontinued FOR THE YEAR ENDED 31 MARCH 2025 14. MOVEMENT IN FUNDS - continued A cutrent year 12 months and prior year 12 months Combined net movement in fimds, in¢luded in the above are as follow8: In¢oming resources Resources expendcd Movement in ndS Unrestricted funds Operational 470,442 (502,034) {31,592) Restrieted funds Restiicted 44.472 (32242) 12,230 TOTAL FUNDS 514,914 (534,276) (19,362) 15. RELATED PARTY DISCLOSURES There wer¢ no related party transactions for the year ended 31 March 2025. Page 17
ENFIELD ASJAN WELFARE ASSOCIATION LTD DETAILED STATEMENT OF FINAINCIAL ACTTVJTIES FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 INCOME AND ENDOWMENTS Services and donations Spot contracts and service users contributioTr8 Donation & Miscellaneous tncome 201,791 8,835 229,141 9,779 210,626 238,920 Investment Ineome Deposit account interest 12,741 8,155 Charitable activities National Loltery 44.472 Total incoming resources 267,839 247,075 LXPEINDITURL Charitable activities 92,575 1,831 2,725 11,125 22,466 2,371 3,524 7.853 346 281 3,946 460 255 329 194 6,044 350 516 io 326 2,089 927 94,266 1,834 2,947 12,340 25.137 3.089 3,438 5,337 300 450 5,069 863 204 788 Insurance Sundrie5 Luncheon costs Rent Flower arranging Indian head massage Minibus expenses Pedicure QI Gong Reflexology Tai Chi Training cost I'rdnsportation cost Volunteer expenses Yoga Chair based exercibe Bad debts written otT Telephone EnteinMent Sundry refre%hment Fixturcs aJ)d tittings 5,388 975 438 522 903 844 160,543 165,132 Support cosls Management Wages Carried forward 75.444 75,444 86,638 86,638 This page does not forni part of the statutory fmancial statements Page 18
ENFIELD ASIAN WELFARE ASSOCIATION LTD DETAtLF,D STATEMFNT OF FINANCIAL ACTIVITIES FOR THE YEAR EIYDED 31 MARCH 2025 2025 2024 Management Brought fonvard Pensions Reni & rates Light and heat Telephone Postage and stationery Advertising Motor Expenses Consultancy fees Bank charges Hire of function room Cleaning Repairs & renewals Payroll fees Staff travelling Venuue hire Training AGM Expense Sponsorship 75,444 86,638 (359) 6,878 1,124 1,690 232 897 6,989 932 1,334 874 2,253 132 4.473 127 3,742 114 755 84 165 490 140 485 (41) 3,441 1,000 593 106 1,124 4,285 98.750 107,391 Governance costs Accountancy fees 1234 1,226 Total resouwes expended 260,527 273.749 Net income/(expenditure} 7,312 (26,674) This page does not fonn part of the StatOry financial statements Page 19