Charity number.. 1131604 Company number.. 03415138 IEn9land and Wales) ENFIELD ISLAND VILLAGE TRUST Report of the Trustees Unaudited Finanaal Statements For the year ended 31 March 2021
ENFIELD ISLAND VILLAGE TRUST Contents Page For the year ended 31 March 2021 Report ofthe Trustees 1to4 Independent Exarninerfs Report to the Trustees Slatsment of Flnandal AcJvlbg8 St*8ment of Finanual Position Notes to FinancAal Statemgnts Bto15 DetaId Statsmentof Finanaal Activities 16to17
ENFIELD ISLAND VILLAGE TRUST Rewrt of the Trustees For the year ended 31 March 2021 The Trustees. who a aL80 di¢10r$ for the purposes of company law. have pleasure in psentIng thgir report and the lfjnanclal ststements for the charitab18 company for th8 yeaf ended 31 March 2021. The Tru$tge$ have adopt8d lh8 provisions of counting and Reporting by Charities. Statetnent of Recomrnonded Practi applicab to charities preparing their accounts in accordance with the Financial Reportiru Standafd appli¢abk In tfp UK and the Republi¢ of Ireland IFRS 102116ffeetive 1 January 20191. OBJECTIVES AND ACTIWTIES R¢cruitment and appoifth8llt of Trustees are elected by the members of thg Trust in accordanc8 with the Tnjsfs articl6s of association. In saleding new Trnstses, wo seek to identify people who regularly att8nd 8vents and functions oryanised by the tharity and willing lo volunteer to help with our broader cornrnunity work. Potenb81 Trustees are Invrted to attend Trustees, meets.ngs as obsèrvers gnd are given more detaiL8 of the charity's aims and activities. This process allows due consideration ol the pernon's ellgibillty. personal competence. spe¢iali$l know18dge and 5kiUs. Disclosure and Barring Seryice ID8SI checks arg made where approprlate. Ouralms Th¢ objecti5 of thg ¢h?rity ar8 581 out in the carfty's M8morandum and Artl¢b$ of A8$ociati¢ and are 5ummaris8d as follows.. To iryirDv• th$ qu81ty of life fOrshenIs. vi8itors and homeowners on Enfield Island Village I't Estate'l, in the London Borough of Enftek1. To keep and maintain the E$tats'$ Infrastructure. This indudes river banks, canal basin. walkways. the rlver wall. the landscaped ecological area$ and public open space, the 85tat8 5eww5, headwall and drains. the play are88. the priv8te l¥Jhtiry on the eslate and any other area$ owned by th8 tharity. To pronTh)tè faell•8 and public enItiO5 that benefft dlfferent groups of peoplg in the ccfflmunlty- For èxam¢, we ownan runthe community eentre wher& various gioups host dasses and activitie8 to bring people togethgr. Focu5 on public5afety and protedion of people and property fffxn crime. To promole con8eN8tic¢ protection and improvement ofthe physical and natural envlronment. To aijvance any othercharrtable purposes as lh8 Tru51ees dat8rmin& frcffi tsme t¢ time. Our obJgCtSv Our objectives are set to improve the Estate's qualty ol Ilfe and flect ¢wr community airns. Each year our Trustees our ofyectives and athvlties to ensure they continue to refflect our aims. In carrying oul th15 rpview the Trustees have consklered the Charity Cornmi55ion's goneral guidan on publ1¢ benefit. lof17
ENFIELD ISLAND VILLAGE TRUST Report of the Trustees Continued For the year ended 31 March 2021 ACHIEVEMENTS AND PERFORMANCE The charity carri88 Out a number of aclivities in pursuance of th8ritable aims. Th? Trustees consider that theee actlvltles k¥ovfjde ben8ftt to hgmeowner8, residents an¢1 vlsitors on th• Estste and the local cornmunty. Infrnstructure The Trust owns and maintains local land, canal and parkland. footr)ath$ and cyde way5 so Ih8y ean be used for 18i5ure andr¢creation by everyone on thè 151and. The Trust remains mindftjl of the need to mak* provision for aJ8quats funding to meetshorL medium and l-t¢ maSnten8nco r•qvlr8m•nts ofthè Island and its irfftastructura. Public safety and proiectton from ¢rlm• We wfkn Closety orgaTri5ations such as the polic8, coundl. water and paths authorfties to fight for the interBSts of the Estste and wa 8pon$or lme ¢tIOn inth'4thv8s. communlty actlvlti In the poriod th? communlty centre has bèèn hlrad eut on a num¢ olotsasion8 to bonefft the local cc4nmunlty. Prinapal funding Sources The Estate's rentcharg8 is th8 tharity's main source of income and is payabkn by sorne 1,314 sSdential and commereial units. The Trusfs totsl income from rent¢harge forthe year is £337.928.12020'. £338.6501. Invostmont pollcy and objectlv Our cash reserves a in monoy market and deposit account8. Other reserves are Invastsd In propgrty. Reserves are fijnds for 8pending not requSred every year. The level of the charity's reserve8 is kept under revwi byTrustees. At a rnlnimum. the polScy is to hold sufficient fiJTrJ¥ to m¢et thg kjng-temi costs In olation to k88ping and rnaintainlng th8 E8tates Infrastructur•. Th• tharity'5 general r8serv88 Stand at £793,14512020'. £826.8541. Becau88 of wrront low bank Interest and latiVely Infiation, our resewvg$ are rgducin9 in real value. Trustees have therefore deaded to use th¢lr ptyvgrs under the Truste¢ Act 2000to diver5fy Inve5tm8nt to indud8 low ri8k rentsl property. In October 2011, th8 charity cornpleted Ihe purchase of 18asehold tsts on the Estate vthich now gènerate incom8 through rent r8¢9ipts. Cllenge$ 2020-2021 ha8 been 8 Slmllar theme to prèvious year for the Trust. COWD 19 strll had aft Smpaet with our contractors and $uppli8rs th? knock-on affect wlth the adverso rolation$hip breakdown with W8rwid( is Still evldent. Unfounded court cases tan9 its loll on the Board 85 well 88 the resKlenYs money also the resignation of the Trusfs finanu81 SME¥ has had amalor invad. Oesprte the58 difficulties the board had managed to fa)I¢t a high proportion of the rent charg8. PlarvJ for the futur• Wewill mièw ourbudg8t and aim to provide value for morw S•rvI$. Trust rroney should b8 U88d for the bgndt of the local CC4nrnunty. Wg will gndga¥ourto reducethe number ofi18btor5 and toensure thatall KInts pay thelr Rent Char9e. We ore heading the rfght direction in rern8di8ting Ihe outstanding fauW8 on the Island and brlng 6t up lo the standard where we are On again proud to living on the Island. 2of17
ENFIELD ISLAND VILLAGE TRUST Report of the Trustees Continued For the year ended 31 Mar¢h 2021 STRUCTURE, GOVERNANCE AND IIANAGEMENT Statem•ntof Trust8es' responslbllStle8 Charity Trustees are th8 P80ple who $8rve on the governing body of a charlty. They may be known as Trustees. difector8. board members. governors orcommittse members. The prinaples and main £lut$ are th8 same in all Cases. TrLL8t88s have, and rnust ateept. ultimate r88ponsibility lor dlr8cting the affairs of a charity, and ensurin9 that rt Is solvgnt, well-tun, and m?eting tho n88ds forwhlch it has sat up. The Companies Act 20C6 requlres th8 directors tg pr8par6 finanryal statgrnents for each financk81 year whkh glve a true and frair view of the stat8 of aftair5 of the company antl ol the profft or loss of the company for that perfcAJ. Th8 dir8Ctors are rgspgnslbb for keeping proper accounting recordswhith di$d08e wth reasOn8te aceuracy at any tim8 the finanoal position of the company. The tharity TNstees are responsibb for pryring an annual report and financial 8tst8mènts In ac¢ordanc8 With appllcabÈlaw and United Kingdt)m Accounling Standards Iunitecl Kingdom Generally Acc6pted Accounting Practice). The law appli¢able to charit5 in England and Vvabs requires the charity Trustse$ ¢0 prepare financial statements each year which giv8 a twe and fair view ol the state of affairs Qf thè charfty and the iFthming r&sour$ and applicatn ol r880urc8s of th• charity for that penod. In p¥eparing the finanaal statements. th8 Trustee8 ar8 required to.. Sdect suhtable aeeountlng polhiej apply thgm consist•ntly", Observe Ihe thOdS and prinap18$ in the Chariti85 SORP.. Makejudgoments and e5timatesthalare reasonable and prud8nt". Stat¢ whether8pplicable accounting $tandAr(5s have been followed, subject to any rnaterial departur85 disdosed arnd explalned in he financial 8tatem8nts', Prepare the financlal stalements on tr ongoing concern Iia8i$ unless It Is Inappropriate to 085urno that the charity will contin in tyusin8SS. Th8 Trustses are responsible for keeping proper accounting records that disdose with reasonable accuracy at any tr"m8 the finanual posits.an of the charity and to enable them to ensure that the financial stst8ment5 comply wth the chare8 Act2011. the Charity IAccounts and Reports) RegUlatOn$ 2W8 and the provisions ol th8 goveming documÈnt. They are also responsible for safgguarding th8 atsets of the ¢harfty and hence laking r0astsnae steps ft)r the preventitsn and detecti¢Jn of fraud and othoi Irregularit5. GoYornin9 Oocumont The Company regisler8d wf(h the Charitie5 Comm1$8ion on 14 September 2009. The governing document of Ihe charity the Memorandum and Artides of Assoraation apyroved by the metnbeis at the Annual General m8eting on 14 Juty 2016. Organtsatlonal Structur• The Trustees a responsi8 for the general contrd and management of the charity. The Trustees 9lVa UP tirne freely and receive no rernuneration or other financial benefits. Th& Trustees meot monihly and at other tiwn8$ when c0n5¥Jed necessary and ar8 responsible for all busine6s and finanoal declsion in r81ation to running th8 tharity. Th8 tmste8s have con5id8red the Chanty Commi88ion'5 guidan on public benefit, Induding the guidan 'public benefitr. wnning a charty IPB21'. 3of17
ENFIELD ISLAND VILLAGE TRUST Rewrt of th8 Trustees Conkn'nued For the year ended 31 March 2021 REFERENCE AND ADMINtSTPATIVE INFOIIMATION Name of Charity Charlty rn9istrn0n numbor Company rBglstrallon Nmbor PrIn¢l addres$ ENFIELD ISLAND VILLAGE TRUST 1131604 03415138 40-42 Island Centreway Enfieh EnglarKI EN3 6GS Trust88¥ Th8tru$lee5 and offi¢er$ serving during the yèar and 8incelhey6af were as follows.. Andrew Colledge IResLgn8d.. 20 May 20201 Jegalh Paramanathan (Resigned.. 14 July 20201 Mark Novak IRe8igne(1.' 20 February 20211 Laraina Mary Hodgson Kan Lesley Rowntree Sarn Coleman Ben Pgrrott Jacqui Amanda BairtrkJgg T(m Dingl¢ (Appointed.. 25January20211 Vincent Gr88n (Appointed.. 20Aprll 2020) Indgpgnl oxamln Emmanuel Men5ah FMAAT Ground FloorW%5t Office 10 Nlcho185 House. Rwer Front Enfield EN13TF Approved by the Board of Trust885 and 61Jn•d on Its bghaff by Laraine Mary Hodg$on- Chair 4of17
ENFIELD ISLAND VILLAGE TRUST Independent Examiners Report to the Trustees For the year ended 31 March 2021 I reportto the trustees on my exarninallon of the acnts of the charitable company lor the year eThd 31 March 2021. Re5ponslblliti85 and $18 of report A5 the tharity Twste8s, who are also directo forthe purposes of eDmp8ny law, arè responslble for th¢ preparatson of the aceounts in accordance with the r8quirernenls of the Cornpanie6 Act 20061't 2006 A¢t'i. Having satisfied Myse that the aetourts of the Company are nol required to be audited under Part 16 of Ihg 2006 Act and are eligible for Independent examination. I report in respect of my examination of your tharity's a¢wunts carrled out under section 145ofthe Charities Act 2011 I'lhe 2011 A¢VI In carrying out my examination I have followed th8 Directions gNen bythe Charty Comrrrission und8r section 14515llbl of the 2011 Act. Indep•ndent •xamlnern ststement Since the CharItae cornpany's gros5 income £250.000. your examiner must b8 a member of a bDdy listed In section 145 of lh8 2011 Act. I conthmi that l am qualfie(I to undèrtake th¢ oxamlnatiDn by virtue of my mombetshSp of which Is one of th6 Ilsted bodies. I have rnmpleted my examination. I confirm that no matters have come to my attention in connection with thgexaminaty.on gfving m8 cause to b81ieve that in any material respe.. 1. 8ecL)untir¢g recCKdsr8 not k•pt in SPect of the Company as fequired by saction 386 of the 2006 Act," or 2. the accounts do ngt accord with thos• cOrdS.. or 3. the accounts do not compty with the quIraments of sectK)n 396 olth8 2006Act othor than any requ1men1thtt¥ ac¢ounts giwe 8'tru8 and fair view, which 1$ not a matter considered as part of an independent examination., or 4. the Sccounts hav8 not been prepared In accordance with methods anLI princip5 of the Statement of Recommended Pr8dice for aA)untINg and reporting by ¢harthgs applicable to charities preparing their acuunts In arxordance with the Flnancial Reporting Stsndard applica& in the UK and Republic of Ireland IFRS 1021. I hav$ no conc8rns an4 have eomg across no othar matters In connection with the examinatlon towhlch attenlion should bg drawn in this report in ord8rto enab 8 proper und8rstandin9 of the acwunts to be reached. Emmanuel Mensah FMMT Ground Floor We$t l)ffits 10 Nlcholas House, River FTOllt Enfleh EN1 3TF Date.. 18th February 2022 5of17
ENFIELD ISLAND VILLAGE TRUST Statement of Financial Activities {including Income and Expenditure Account) For the year ended 31 March 2021 unreSt¢t•d 2020 Inctyno and ewKlowments from: DonatSon58nd lega(i8S CharitatAe actTe8 Investments Other Incom8 Totsl 10,000 378,629 20.683 381.389 11.S59 409.292 372.949 Expendilur8 on: Charitabl8activMes otherexpenditure 1371.2181 199.2831 1470,5011 1266,3481 171,3721 (337.718) Revaluation- 1Th¥tran1 Propar16ès 27.5CM) Net movement In funds 133.7091 35.231 RgconcllWt)n of funds Total funds broughtfward Total ld5 ¢arrfod forward 826,854 793,145 791,623 826,854 8of17
Registered Number.. 03415138 ENFIELD ISLAND VILLAGE TRUST Stalement of Financial Positson As al 31 March 2021 2021 2020 Flxed a5S0ts Investments Proper5 1N14 507,500 480.000 507.500 480,000 Current a5SOts Deblors.. amount8 falling due within One year Deblofs.. arnounts falling ¢Jue after more than one year Cash attyank and in hand 15 15 80.704 634 367.151 428.489 155,7741 77,194 303,645 380.839 11,5901 redltors.. amounts tslllng due vAthln one ye 16 Ngt cwrgn¢ a$60ts 372.716 880.215 379.249 859.249 Total assèts Itss curnènt Ilabllmos CrgdS10rn: amounts lallln9 after rnorelhan on•y•ar Provisions for liabilllitss 17 18 151,950} 135,1201 11.9501 130,4451 B26,854 Ne¢ a$88ts 793.145 Th•fun(ts ol the charlty Unre5tricied income fund6 19 793.145 826,854 826,854 Total funds 793,145 For the year ended 31 March 2021 the company was gnld8d to 8X8rnPtion from audit under seciton 477 of the Companles Act 20C6 relating to small o)mpanies. The rngrnbgts have not required thg wrnpany to obtain an art ol its accounis for the y•ai in 9$tIon in accordance with 88Ction 476, trustees acknowledg8 their respon$ibilrties for complying with the requlrements of the Act with respect to a¢Unting cOrdS and the preparation of aceounts. These accounts have been prepared in 8¢wrdanc8 wilh th8 piovisions applicable to cornpanies subject to the small 0ynpan1. reglrne. Thefinancial ststorngnts w8re approved and authorisgj for is$u9 byth8 BO8 and si9ned on tts behalf by.. Laraine Mary Hodg50n Char 7of17
ENFIELD ISLAND VILLAGE TRUST Note$ lo the Financial Statements For the year ended 31 March 2021 1. AGntn9 Pollcl8$ BaNl$ ofaCcounrj The ffinanal statements have b8en prepared underthg hl8torf¢al cost convention, 8XCePt for invesbments whlch are nduded at market value and the revaluation of c8rtain fixed assets and In ac¢or{lan with the Charities SORP IFRS 1021'Accftting and Reporting by Charities. Statem8llt of Recommended Practice applible tocharib'e5 preparing thelr acwunts in a¢£oanCe Wlth the Finanual Reporting Slandard applieab18 in th8 UK and Republic of Ireland IFRS 1021 leffectN¢ 1 January 20191., Finanual Repgrting Standard 102 thg Financi RertIng Stsndard applicable inthe UK and Republic of Ireland IFRS 1021. and the CompanYa¥ Act 20C6. ENFIELD ISLANDVILLAGE TRUSTmeets the definlUon ofa w)li¢ benefrtentity unL1er FRS 102. AsS8ts and liabilities are n"ally r8cL)gnisad 8t h1¥tori1 ¢08t or tran$acllon valuo unlass oth8M8e slated In the relevant attounting poli notel$l. Golng eoneern The Trustogs, who 4r9 al¥0 dire¢tors fortho purpog•s of eompany law, brfng the Trust bad( into $urplLKB after10 difficult financl•l years to 2020,. however a rIefi¢W8s racord8d in 2021 due to 8ome unfows•en arcumstances. Trustees VAII wntinue to manage the Tru8twth a to neratIng Surplus funds in the futur•. IncThning resources All Incoming resourtss ar8 induded in the slatementof financlal acbvitras Mthen theTwst is antitd to th8 income and thg amount can be quantit{ with asOnabl8 accuracy. There are no SFecific policw that are awied lo partleular categories of Income. Resoure•s exnd¢d Lbilitia5 ar¢ rewised as 0re•S èxp8nd8d when there Is 8 legal orconstructbve obligatKJn committing the Trustto the expenditure. Charttabte actfjvltes These ar8 coro a¢tlvlUe8 carried out by th6 TrustaTrdwhhin its cèje¢l¥e8 and alm8. Taxatlon The Trust i¥ oxempt from corporation taxation, howeverdueto the revaluation of the Investment propert$. a prowsion for delerred tax h85 teen 881 aslde In accordanc6 with the provl$ions of FRS 102. This is to 8nsure that the future tsx consequeness of past transact1t$ and avonts ar8 r8cogni58d a8 a$$ets or IlabillWes within thè Trusvs flnan¢ial ststements. Tanglbl8 fixed a55ets Tangibl8frxed assets. otherthan freettold land. are stated atcost orvaluation less depreation arKI any provl$Son for imp8irment. tpreaation is prOVed at iatss ealculat8d to write off the cost or valuation of fixed assets. le88 their e5tlmatsd resldual valua, overthelr gxpgctsd u8eful INes c¥) tho fdltrwing ba$tS'. Deprèciation is charged on a straight linè baBis', howev8r, there were no dapmuation charg88 in 2021. D•lAors The Trust isworking with il'sthird13rdl parties to determine and establish the ¢ollefAable debts and also to workout appropriate mean5 of Collecting $u¢h debts. The YO$$ is still ongoing and Ihe Trustees hope to rEsolve the i¥$ue¥ wlth the current managing agents. Irre¢ov•rabl• VAT Irrecorab1e VATts Included in the Ststent of Financk81 AvItIes, and 15 report•J a5 partof the expenditur8 towhich it reiat8s. 80117
ENFIELD ISLAND VILLAGE TRUST Notes to the Financial Statements Continued For the year ended 31 March 2021 2. In¢+)m• from donatlors and l#gacl•s 2021 2020 Unrestrictsd funds Grants received (London Borough of Enfiekjl 10,WO 10,000 3. In¢ome from ctsrttabbactfvl¢les 2021 2020 Unr•strict•d fund8 Esl8le M8n&gefftent Special Levy Intereston Renlcharge Lea58 Exten51on F 329,750 328,749 3,011 7,901 339,681 RSA 8,142 337.926 ConFmunityCentr9 Communty Centre Incom8 In¢ome from charrtable activitie5 21,553 19,150 21,728 40.703 21.728 378,629 361,389 4. In¥eBtmen¢ IoMe 2021 2020 Unrgstrlctsd funds Income from Investsrent properles Bank interest CtI¥abl0 20,663 11.550 20,863 11.559 2021 2020 Other In¢ome18alanarrfJ fundsl 9of17
ENFIELD ISLAND VILLAGE TRUST Notes to the Financial Statements Continued For the year ended 31 March 2021 8. Costs of charfjtablo a¢tiviti•s 141 lund typ• 2020 UnrgStrf¢tgd funds Estste Managgment Communty Centre Investmont Propèrty En Support costs 304,SO8 18,171 200,684 3,310 62,352 50,541 371,218 266,346 7. Costs of chorttsble actS¥ltles by •ctlvltyty 2021 2020 A¢tfvMlgs undgrtakon dlrgctty E8taie Manag8m8n¢ Conwnunlty Centre Investrn?nl Propgrty Expenses Suppor*rYJ Loc81 People tg lryyrov¥ Quality of Lif8 343,872 20,441 224,496 19.196 4,310 18,344 6.905 371.218 268.348 . Analysls of support cos1¥ 2021 2020 Telephone Govemanc8 Costs 50.541 61.869 50,S41 61362 100117
ENFIELD ISLAND VILLAGE TRUST Notes lo the Financial Statements Conb'nued For the year ended 31 March 2021 9. Net Incom8118xp•nditurel for the year This is stated after ¢hargingllcredth'nyl". 2021 2020 Deprgciation ofowmd fd 858ats Accountancy fèes Independent Exarninerfs foès Taxa 3.728 11,440 3,150 3,549 3.356 7.265 10. Staff costs Total staff costs forthè yearended 31 Mareh 2021 were.. 2021 2020 Salarie5 and wagès Sodal securty costs 16,171 7.265 10.361 10.381 2021 2020 min Support Staff 11. Comparalive for the Staternènt of FlnanGlal Activltk8 Th9 comparative year values on Ststernent ofFinanrial A¢tNlties ar• for unrestrictsd fiJnds. 11 of17
ENFIELD ISLAND VILLAGE TRUST Notes to the Financial Statements Continued For the year ended 31 March 2021 11 Tangtblg flxed a89•ts Plant and machir•ry Motor v•hicl88 Flxtures and fittirwjs Cost w¥4luation Tot At 01 April 2020 At31 March 2021 4.575 22.333 27.552 4.575 22.333 D•pOn At 01 April 2020 4,575 22,333 27.552 At 31 Marth 221 4,5T5 22.333 27.562 values At 31 March 2021 At 31 arCh 2020 11 Analysls of movom•nt of comm9r¢l investmerts InStment propgrty Falr value at 01 Aprfl 2020 480,000 Net gainll105sI on revalu8tlon 27,500 Fair¥alue at 31 Mareh 2021 507.500 1& AnatysS& of nlmO1 betwn 5 as at y•arerbd 31 March 2021 2020 Unr•stslct•dfunds Inve6trnent proFerb"es 507,500 480,000 480,000 120117
ENFIELD ISLAND VILLAGE TRUST Notes to the Financial Statements Continued For the year ended 31 March 2021 l& Oebloys 2021 202Q Amounts due wlthSn on? year: Trad8 dobtors 60,704 77.194 60.704 77,194 Amount8 dua art•r more than oneyew.. Trade d8btors Advanc8d Funds to Managing Awts Propayments Othardebtors- Historic 88.127 SO,ODO 159 1137,6521 634 16. ¢rgdttors.' amounts falllng du•wlthln ona y•ar 2021 2020 Trade ¢ditorS 26,536 118.6211 15,061 5,150 Othercreditors 14,923 14,315 Accruals 55,7T4 1,59) 17. Creditors.. amounts falllng aftgr mcf8 than yr 2021 202Q Loans and overdraft5 50.000 1,950 Other creditors 1.950 51,950 1.99) Th• followin9 Ikqbilities disdosed undertTedftor8 falllng due after more than one year are secured by th8 ¢ttarity.' Bounctrbad( Gov. Bank Loans 50,000 50.000 13of17
ENFIELD ISLAND VILL4GE TRUST Notes to the Financial Statements Continued For the year ended 31 March 2021 18. Provlglons for ILqblliti•s and charys Provlslon 1 Provislon at 01 April 2020 Charged to Statement of Flnan¢ialA¢tNittes PrOVr6n at 31 March 2021 30,445 30.445 19. Movement in funds unstrIct•d FurKI> Balance at 0110412020 Incoming Outgoing cal and Balara 3110312021 G8n8ral General 826.854 409,292 1470.5011 27.500 793.145 826.854 409.292 1470.5011 793,145 Unr8strktgd Fund8- Pr6vlow year 8alawKe ai 0110412019 IrKomltyJ re8our¢•s Outgoln9 Galns an 108899 Balonce at 3110312020 Gen8RI G8n•ral 791,823 372,949 1337,7181 826.854 791.823 372J49 1337.71BI 826.854 Purr)se of unr85trlcted Funds Propoty Incom• The Trust 2 invesbnentproperts. Property Incon are rents pald by tha tènants ofthe Trust. The funds are general and ar8 applie(I within the objects of the Tnffjt as directed by the Board. Renlcharge Inrn6 Rentcharge is payable by somè 1.314 residtrntial and comrner¢k41 unts throw4h the dogd of rentcharge. The funds #re gn8ral and aro 4pplbd vlthln the obJ8¢ts of the Trust as directed by the Board. ¢otr4nunlty Centre Income These are fees charged forthe Cornmunlty C8ntrè hall. IY are g8n?ral and aFplied within the objects of the Trust. G8neral General fuTras a fvnd5 avallablolo Board to b8 usod atthelr dSs¢retlon butwthin the o*8Cts ofthe Trust 14of17
ENFIELD ISLAND VILLAGE TRUST Notes to the Financial Statements Continued For the year ended 31 March 2021 PurpoBO of fg$trl¢t8d funds Grant ReCeNae Grants are restricted to the use preSed by the donors,. their use ¢8n't b8 Changed without a prfor pemi8sion fr(Nn thedonoi. 20. Analysls of nat asalts hen fd5 Tathglblè InY••tmonl• Axed ass1¥ Netcumnt Creditor• > a650ts1 onoy•ar Provi¥ionts N•tA89•1• Unrostroctfjd lunds GeneTrl General 507,500 372.715 151,9501 135,1201 793,145 607,500 372.715 161,9501 135,1201 793.145 Provlou$ yoor Tangl Imf•8lmont• fix•d as69ts Cro(Mtor5 > Provlslon8 NgtAssets a•sets I {lbIlItt•) 0year Un$trICd fundb G8ngr81 General 480,000 379,249 11,9501 {30,4451 826.854 480,000 379.249 11.9601 130.4451 826.854 21. Company Ilmltgd ty guarant09 ENFIELD ISLANDVILLAGE TRLIST is 8 conpany lim by guarantse and accordirvJty d08s not have ashar8 capital. 15of17
ENFIELD ISLAND VILLAGE TRUST Detsiled Statement of Financial Activities For the year ended 31 March 2021 2021 202Q INCOME AND ENDOWMENT Donations and legac Grants- Lorth ofEnf18kl 10.(X)O 10.000 charItsb actfvitles Rent Servi9 Charggs Int8re$t on Rentchargg Lease Extension Fees RSA Communlty C•ntrè In¢xJn Incorng from charitsbb achtIeS 329,750 328.749 3.011 7.901 21,728 ,142 21,553 19,150 378,629 361,389 Ib)V•Stments Property IneA)rne Bank interestrociv8blg 20,663 11,550 20.663 11.559 Othgr Income other Income (Balancing funds) Total IornIng resour EXPENDITURE Charftabl• vitIl CgStofdiro£tchoritsbk actNty 409,291 372.949 1304.5061 1190,3231 Staff txJsts- wages & s8lArf¥¥ 110,3611 Stallcosts- wages & salarie¥ 116,1711 Cost ofdirect charitabk aomty 13,3101 1320.6771 {203.9941 Adverb$ing & PR Tax IDÈferredl Expense Legal & Profe5sional- Debt R8C0ry Oth8rCo8tsWrite-offs Managlng Agent 11441 14.6751 14,0461 12,C¥J2 179.1841 194,6081 199,2831 171,3721 SUPPORT COSTS Telepho Telephone (Communty Centrel {4831 14831 Get)nc& costs TaxatSon advicg (Estate Managrnti (7.2651 160117 pago do•s not foryn part ofthe Statutory finantial 8latem*)ts
ENFIELD ISLAND VILLAGE TRUST Delailed Statement of Financial Activities Continued For the year ended 31 March 2021 Le9al fees other office o)sts Legal fees Premise5 costs 132,1011 121,e671 12,1451 13,1501 118,2851 14281 11.0001 111,4401 oth8roffic& costs 11.1201 Legal Ilnvestment F*)wtssl AwJunlanw leg$ 13,5491 Indopandtrnt Examinerfs fees 13.356 13.1501 D8preaation of0wd assets 13,7281 Interestpayable 1261 (50.541} (61.8691 T¢)tal rosoul p9nd9d NET INCOME BEFORE GAINS AND LOSSES 1470,601} 1337.7181 Other r8cognlsed galns and losses G8inslllo3$1 on r8valuation of investmènts 27.5QKI 27.f4]0 Net ine(Th& before galns and losses 27.$00 Net ExpBndtturo {33,709) 35.231 17of17 This page dces notfcffii part of the statutory financial 5tatem8nts