Charity number: 1131604
Company number: 03415138
(England and Wales)
## ENFIELD ISLAND VILLAGE TRUST
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 March 2022
ENFIELD ISLAND VILLAGE TRUST Contents Page For the year ended 31 March 2022
|Report of the Trustees|1 to 4|
|---|---|
|Independent Examiner's Report to the Trustees|5|
|Statement of Financial Activities|6|
|Statement of Financial Position|7|
|Notes to the Financial Statements|8 to 15|
|Detailed Statement of Financial Activities|16 to 17|
## ENFIELD ISLAND VILLAGE TRUST Report of the Trustees For the year ended 31 March 2022
The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company for the year ended 31 March 2022. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES, AIMS AND ACTIVITIES**
Recruitment and appointment of Trustees are elected by the members of the Trust in accordance with the Trust's articles of association. In selecting new Trustees, we seek to identify people who regularly attend events and functions organised by the charity and are willing to volunteer to help with our broader community work. Potential Trustees are invited to attend Trustees' meetings as observers and are given more details of the charity's aims and activities. This process allows due consideration of the person's eligibility, personal competence, specialist knowledge and skills. Disclosure and Barring Service (DBS) checks are made where appropriate.
## **Our aims**
The objectives of the charity are set out in the charity's Memorandum and Articles of Association and are summarised as follows:
- To improve the quality of life for residents, visitors and homeowners on Enfield Island Village (“the Estate”), in the London Borough of Enfield.
- To keep and maintain the Estate's infrastructure. This includes river banks, canal basin, walkways, the river wall, the landscaped ecological areas and public open space, the estate sewers, headwall and drains, the play areas, the private lighting on the estate and any other areas owned by the charity.
- To promote facilities and public amenities that benefit different groups of people in the community. For example, we own and run the community centre where various groups host classes and activities to bring people together. Focus on public safety and protection of people and property from crime.
- To promote conservation protection and improvement of the physical and natural environment.
- To advance any other charitable purposes as the Trustees determine from time to time.
## **Our objectives**
Our objectives are set to improve the Estate's quality of life and reflect our community aims. Each year our Trustees review our objectives and activities to ensure they continue to reflect our aims. In carrying out this review the Trustees have considered the Charity Commission's general guidance on public benefit.
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## ENFIELD ISLAND VILLAGE TRUST Report of the Trustees Continued For the year ended 31 March 2022
## **ACHIEVEMENTS AND PERFORMANCE**
The charity carries out a number of activities in pursuance of its charitable aims. The Trustees consider that these activities provide benefit to homeowners, residents and visitors on the Estate and the local community.
## **Infrastructure**
The Trust owns and maintains local land, canal and parkland, footpaths and cycle ways so they can be used for leisure and recreation by everyone on the Island. The Trust remains mindful of the need to make provision for adequate funding to meet short, medium and long-term maintenance requirements of the Island and its infrastructure.
## Public safety and protection from crime
We work closely with organisations such as the police, council, water and parks authorities to fight for the interests of the Estate and we sponsor crime reduction initiatives.
## **Community activities**
In the period the community centre has been hired out on a number of occasions to benefit the local community.
## **Principal funding sources**
The Estate's rentcharge is the charity's main source of income and is payable by some 1,314 residential and commercial units.
The Trust's total income from rentcharge for the year ending to 31st March 2022 is £318,533; (2021: £329,750).
## **Investment policy and objectives**
Our cash reserves are held in money market and deposit accounts. Other reserves are invested in investment properties.
Reserves are funds set aside, not required every year. The level of the charity's reserves are kept under review by the Trustees.
At a minimum, the policy is to hold sufficient funds to meet the long-term costs in relation to keeping and maintaining the Estate's infrastructure.
The charity's general reserves stand at £736,771 (2021: £793,145). There was a 7.11% fall in the funds position, this was due to the fall in the rent charge income and review of the historical debtors.
## **Historical Debtors Review**
The Trust, for the last two years has kept two bank accounts and maintained its own admin balance sheet which has brought forward debtors; £98,668 as the active debtors figure from 2020 and £137,652 as the historic debtors, also from 2020.
The Trustees, at a recent joint meeting with the Managing Agents, have realised that both balance sheets were carrying duplicate figures, and as a result, have decided to reconcile the debtor’s figures to the verified list of the current active list of the leaseholders. The current debtors, therefore, for period to 31st March 2022, was £110,833. The Managing Agents now have a plan in place to ensure the collection of the outstanding debts.
## **Plans for the future**
We will continue to review our budget and aim to provide value for money services. Trust money should be used for the benefit of the local community.
We will endeavour to reduce the number of debtors and to ensure that all residents pay their Rent Charge on time.
We are heading the right direction in remediating the outstanding faults on the Island and bring it up to the standard where we are once again proud to be living on the Island.
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## ENFIELD ISLAND VILLAGE TRUST Report of the Trustees Continued For the year ended 31 March 2022
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Statement of Trustees' responsibilities**
Charity Trustees are the people who serve on the governing body of a charity. They may be known as Trustees, directors, board members, governors or committee members. The principles and main duties are the same in all cases. Trustees have, and must accept, ultimate responsibility for directing the affairs of a charity, and ensuring that it is solvent, well-run, and meeting the needs for which it has been set up.
The Companies Act 2006 requires the directors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. The directors are responsible for keeping proper
accounting records which disclose with reasonable accuracy at any time the financial position of the company.
The charity Trustees are responsible for preparing an annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the charity Trustees to prepare financial statements each year which give a true and fair view of the state of affairs of the charity and the incoming resources and application of resources of the charity for that period.
In preparing the financial statements, the Trustees are required to:
- Select suitable accounting policies and apply them consistently;
- Observe the methods and principles in the Charities SORP;
- Make judgements and estimates that are reasonable and prudent;
- State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- Prepare the financial statements on the ongoing concern basis unless it is inappropriate to assume that the charity will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the governing document. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Governing document**
The company registered with the Charities Commission on 14 September 2009. The governing document of the charity is the Memorandum and Articles of Association approved by the members at the Annual General meeting on 14 July 2016.
## **Organizational Structure**
The Trustees are responsible for the general control and management of the charity. The Trustees give up time freely and receive no remuneration or other financial benefits. The Trustees meet monthly and at other times when considered necessary and are responsible for all business and financial decision in relation to running the charity.
## **Structure, governance and management**
The trustees have considered the Charity Commission's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
3 of 17
ENFIELD ISLAND VILLAGE TRUST Report of the Trustees Continued For the year ended 31 March 2022
## **REFERENCE AND ADMINISTRATIVE INFORMATION**
**Name of Charity** ENFIELD ISLAND VILLAGE TRUST **Charity registration number** 1131604 **Company registration number** 03415138 **Principal address** 40-42 Island Centre Way Enfield England EN3 6GS
## **Trustees**
The trustees and officers serving during the year and since the year end were as follows:
Laraine Mary Hodgson Karen Lesley Rowntree Sam Coleman Ben Perrott (Resigned: 10 August 2021) Jacqui Amanda Bainbridge (Appointed: 26 April 2021) Tim Dingle Vincent Green Frances Anne Connelly (Appointed: 28 March 2022) **Independent examiner** Emmanuel Mensah FMAAT Ground Floor West Office 10 Nicholas House, River Front Enfield EN1 3TF
Approved by the Board of Trustees and signed on its behalf by
............................................................................. Laraine Hodgson (Dec 15, 2022 08:54 GMT) Laraine Mary Hodgson Chair
Date:
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## ENFIELD ISLAND VILLAGE TRUST Independent Examiners Report to the Trustees For the year ended 31 March 2022
I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 March 2022.
## **Responsibilities and basis of report**
As the charity Trustees, who are also directors for the purposes of company law, 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 required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiners statement**
Since the Charitable company’s gross income exceeded £250,000, your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination by virtue of my membership of The Association of Accounting Technicians, Fellow Member, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the 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 considered as part of an independent examination; or
4. 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 preparing 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.
Emmanuel Mensah FMAAT Ground Floor West Office 10 Nicholas House, River Front Enfield EN1 3TF
Date: 02/12/2022
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## ENFIELD ISLAND VILLAGE TRUST Statement of Financial Activities (including Income and Expenditure Account) For the year ended 31 March 2022
|**Income** **and** **endowments** **from:**
**Notes**
Donations and legacies
2
Charitable activities
3
Investments
4
Other income
5
**Total**
**Expenditure** **on:**
Charitable activities
6/7
Other expenditure
**Total**
Revaluation – Investment Properties
Prior Year Adjustments
**Net** **movement** **in** **funds**
**Reconciliation** **of** **funds**
Total funds brought forward
**Total** **funds** **carried** **forward**|**Unrestricted**
**funds**
**£**
-
324,252
17,462
20,182
**361,896**
(327,822)
(98,852)
**(426,674)**
-
8,404
**(56,374)**
793,145
**736,771**|**2021**
**£**
10,000
378,629
20,663
-|
|---|---|---|
|||**409,292**|
|||(371,218)
(99,283)|
|||**(470,501)**|
|||27,500
-|
|||**(33,709)**|
|||826,854|
|||**793,145**|
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Registered Number : 03415138
## ENFIELD ISLAND VILLAGE TRUST Statement of Financial Position As at 31 March 2022
|**Notes**
**Fixed** **assets**
Investments
13/14
**Current** **assets**
Debtors: amounts falling due within one year
15
Debtors: amounts falling due after more than one year
15
Cash at bank and in hand
**Creditors:** **amounts** **falling** **due** **within** **one** **year**
16
**Net** **current** **assets**
**Total** **assets** **less** **current** **liabilities**
**Creditors:** **amounts** **falling** **due** **after** **more** **than** **one** **year**
17
Provisions for liabilities
18
**Net** **assets**
**The** **funds** **of** **the** **charity**
Unrestricted income funds
19
**Total** **funds**|**2022**
**£**
507,500
**507,500**
169,449
37,500
225,868
**432,817**
(73,923)
**358,894**
**866,394**
(94,503)
(35,120)
**736,771**
736,771
**736,771**|**2021**
**£**
507,500|
|---|---|---|
|||**507,500**|
|||60,704
634
367,151|
|||**428,489**|
|||(55,774)
**372,715**|
|||**880,215**|
|||(51,950)
(35,120)|
|||**793,145**|
|||793,145|
|||**793,145**|
For the year ended 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance
- with section 476,
- The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting
- records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Laraine Hodgson (Dec 15, 2022 08:54 GMT)
Laraine Mary Hodgson Chair
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ENFIELD ISLAND VILLAGE TRUST Notes to the Financial Statements For the year ended 31 March 2022
## **1. Accounting Policies**
## **Basis of accounting**
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006.
ENFIELD ISLAND VILLAGE TRUST meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
## **Going concern**
The Trustees, who are also directors for the purposes of company law, are working hard to ensure the Trust remains solvent. Trustees will continue to manage the Trust with a view to generating surplus funds in the future.
## **Incoming resources**
All incoming resources are included in the statement of financial activities when the Trust is entitled to the income and the amount can be quantified with reasonable accuracy. There are no specific policies that are applied to particular categories of income.
## **Resources expended**
Liabilities are recognised as resources expended when there is a legal or constructive obligation committing the Trust to the expenditure.
## **Charitable activites**
These are core activities carried out by the Trust and within its objectives and aims.
## **Taxation**
The Trust is exempt from corporation taxation, however due to the revaluation of the Investment Properties, a provision for deferred tax has been set aside in accordance with the provisions of FRS 102. This is to ensure that the future tax consequences of past transactions and events are recognised as assets or liabilities within the Trust's financial statements.
## **Tangible fixed assets**
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Depreciation is charged on a straight line basis.
## **Debtors**
The Trust is working with the Managing Agents and other third (3rd) parties to determine and work out appropriate means of collecting outstanding debts. The uncollectable debts will be declared as bad with board approval, where appropriate.
## **Irrecoverable VAT**
Irrecoverable VAT is included in the Statement of Financial Activities, and is reported as part of the expenditure to which it relates.
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## ENFIELD ISLAND VILLAGE TRUST Notes to the Financial Statements Continued For the year ended 31 March 2022
## **2. Income from donations and legacies**
|Grants received
**3.** **Income** **from** **charitable** **activities**
**Unrestricted** **funds**
_Estate_ _Management_
Rentcharge
Interest on Rentcharge & Late
Payment Charges
RSA
_Community_ _Centre_
Community Centre Income
Income from charitable
activities
**4.** **Investment** **income**
**Unrestricted** **funds**
Income from investment
properties
**5.** **Other** **income**
**Unrestricted** **funds**
Other Income (Transfer & Refunds)
Other Income|**2022**
**£**
-
**-**
**2022**
**£**
318,533
4,377
-
**322,910**
1,342
-
**1,342**
**324,252**
**2022**
**£**
17,462
**17,462**
**2022**
**£**
1,692
18,490
**20,182**|**2021**
**£**
10,000|
|---|---|---|
|||**10,000**|
|||**2021**
**£**
329,750
34
8,142|
|||**337,926**
21,553
19,150|
|||**40,703**|
|||**378,629**|
|||**2021**
**£**
20,663|
|||**20,663**|
|||**2021**
**£**
-
-|
|||**-**|
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## ENFIELD ISLAND VILLAGE TRUST Notes to the Financial Statements Continued For the year ended 31 March 2022
## **6. Costs of charitable activities by fund type**
|**osts** **of** **charitable** **activities** **by** **fund** **type**|||
|---|---|---|
|**Unrestricted** **funds**
Estate Management
Community Centre
Support costs
**osts** **of** **charitable** **activities** **by** **activity** **type**
**Activities** **undertaken** **directly**
Estate Management
Community Centre
Supporting Local People to
Improve Quality of Life
**nalysis** **of** **support** **costs**
Governance costs|**2022**
**£**
265,786
17,167
44,869
**327,822**
**2022**
**£**
305,948
18,108
3,766
**327,822**
**2022**
**£**
44,869|**2021**
**£**
304,506
16,171
50,541|
|||**371,218**|
|||**2021**
**£**
343,872
20,441
6,905|
|||**371,218**|
|||**2021**
**£**
50,541|
## **7. Costs of charitable activities by activity type**
## **8. Analysis of support costs**
## **9. Net income/(expenditure) for the year**
|This is stated after charging/(crediting):|||
|---|---|---|
||**2022**|**2021**|
||**£**|**£**|
|Accountancy fees|410|3,549|
|Independent Examiner's fees|3,356|3,356|
|Tax advisory services|-|7,265|
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## ENFIELD ISLAND VILLAGE TRUST Notes to the Financial Statements Continued
## For the year ended 31 March 2022
## **10. Staff costs**
Total staff costs for the year ended 31 March 2022 were:
|Salaries and wages
Social security costs
Admin Support Staff|**2022**
**£**
17,167
-
**17,167**
**2022**
1
**1**|**2021**
**£**
16,171
7,265|
|---|---|---|
|||**23,436**|
|||**2021**
1|
|||**1**|
## **11. Comparative for the Statement of Financial Activities**
The comparative year values on the Statement of Financial Activities are for unrestricted funds.
## **12. Tangible fixed assets**
||**Plant** **and**|**Motor**|**Fixtures** **and**||
|---|---|---|---|---|
|**Cost** **or** **valuation**|**machinery**|**vehicles**|**fittings**|**Total**|
||**£**|**£**|**£**|**£**|
|At 01 April 2021|644|4,575|22,333|27,552|
|At 31 March 2022|**644**|**4,575**|**22,333**|**27,552**|
|**Depreciation**|||||
|At 01 April 2021|644|4,575|22,333|27,552|
|At 31 March 2022|**644**|**4,575**|**22,333**|**27,552**|
|**Net** **book** **values**|||||
|At 31 March 2022|**-**|**-**|**-**|**-**|
|At 31 March 2021|**-**|**-**|**-**|**-**|
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## ENFIELD ISLAND VILLAGE TRUST Notes to the Financial Statements Continued For the year ended 31 March 2022
## **Investments**
## **13. Analysis of movement of commercial investments**
|Fair value at 01 April
2021
Fair value at 31 March
2022
**14.** **Analysis** **of** **investments** **between** **funds** **as** **at** **year** **ended** **31** **March** **2022**
**Unrestricted** **funds**
Investment properties
**15.** **Debtors**
**Amounts** **due** **within** **one** **year:**
Trade debtors
Prepayments
**Amounts** **due** **after** **more** **than** **one** **year:**
Trade debtors provision
Amounts due by group and associated undertakings
Prepayments and accrued income
Other debtors|**2022**
**£**
507,500
**507,500**
**2022**
**£**
110,833
58,616
**169,449**
(12,500)
50,000
-
-
**37,500**|**Investment**
**property**
**£**
507,500|
|---|---|---|
|||**507,500**
**2021**
**£**
507,500|
|||**507,500**|
|||**2021**
**£**
60,704
-|
|||**60,704**|
|||88,127
50,000
159
(137,652)|
|||**634**|
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## ENFIELD ISLAND VILLAGE TRUST Notes to the Financial Statements Continued For the year ended 31 March 2022
## **16. Creditors: amounts falling due within one year**
|Trade Creditors & Provisions
Other creditors
Accruals|**2022**
**£**
61,126
7,389
5,408
**73,923**|**2021**
**£**
26,536
14,923
14,315|
|---|---|---|
|||**55,774**|
## **17. Creditors: amounts falling due after more than one year**
|**Creditors:** **amounts** **falling** **due** **after** **more** **than** **one** **year**|||
|---|---|---|
||**2022**|**2021**|
||**£**|**£**|
|Loans and overdrafts – (Barclays Bounceback Loan)|42,553|50,000|
|Amounts due to subsidiary and associated undertakings|50,000|-|
|Other creditors – Rental Deposit|1,950|1,950|
||**94,503**|**51,950**|
The following liabilities disclosed under creditors falling due after more than one year are secured by the charity:
|Bank loans and overdrafts|42,553
**42,553**|50,000|
|---|---|---|
|||**50,000**|
## **18. Provisions for liabilities and charges**
**Provision 1 £** Provision at 01 April 2021 (Deferred tax) 35,120 Provision at 31 March 2022 **35,120**
## **19. Movement in funds**
## **Unrestricted Funds**
|_General_
General|**Balance** **at**
**01/04/2021**
**£**
793,145
**793,145**|**Incoming**
**resources**
**£**
361,896
**361,896**|**Outgoing**
**resources**
**£**
(426,674)
**(426,674)**|**Gains** **and**
**losses**
**£**
8,404
**8,404**|**Balance** **at**
**31/03/2022**
**£**
736,771|
|---|---|---|---|---|---|
||||||**736,771**|
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## ENFIELD ISLAND VILLAGE TRUST Notes to the Financial Statements Continued For the year ended 31 March 2022
## **Unrestricted Funds - Previous year**
|_General_
General|**Balance** **at**
**01/04/2020**
**£**
826,854
**826,854**|**Incoming**
**resources**
**£**
409,292
**409,292**|**Outgoing**
**resources**
**£**
(470,501)
**(470,501)**|**Gains** **and**
**losses**
**£**
27,500
**27,500**|**Balance** **at**
**31/03/2021**
**£**
793,145|
|---|---|---|---|---|---|
||||||**793,145**|
## **Purpose of unrestricted Funds**
## Property Income
The Trust owns 2 investment properties. Property Income are rents paid by the tenants of the Trust. The funds are general and are applied within the objects of the Trust as directed by the Board.
## Rentcharge Income
Rentcharge is payable by some 1,314 residential and commercial units through the deed of rentcharge. The funds are general and are applied within the objects of the Trust as directed by the Board.
## Community Centre Income
These are fees charged for the use Community Centre hall, they are general and applied within the objects of the Trust.
## General
General funds are funds available to the Board to be used at their discretion but within the objects of the Trust.
## **Purpose of restricted funds**
## Grant Receivable
Grants are restricted to the use prescribed by the donors; their use can't be changed without a prior permission from the donor.
## **20. Analysis of net assets between funds**
|**Unrestricted** **funds**
_General_
General|**Tangible**
**fixed** **assets**
**£**
-|**Investments**
**£**
**Net** **current**
**assets** **/**
**(liabilities)**
**£**
507,500
358,894|**Creditors** **>**
**one** **year**
**£**
**Provisions**
**£**
**Net** **Assets**
**£**
(94,503)
(35,120)
736,771|
|---|---|---|---|
||**-**|**507,500**
**358,894**|**(94,503)**
**(35,120)**
**736,771**|
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## ENFIELD ISLAND VILLAGE TRUST Notes to the Financial Statements Continued For the year ended 31 March 2022
|**Previous** **year**
**Unrestricted** **funds**
_General_
General|**Tangible**
**fixed** **assets**
**£**
-|**Investments**
**Net** **current**
**assets** **/**
**(liabilities)**
**Creditors** **>**
**one** **year**
**Provisions**
**Net** **Assets**
**£**
**£**
**£**
**£**
**£**
507,500
372,715
(51,950)
(35,120)
793,145|
|---|---|---|
||**-**|**507,500**
**372,715**
**(51,950)**
**(35,120)**
**793,145**|
## **21. Company limited by guarantee**
ENFIELD ISLAND VILLAGE TRUST is a company limited by guarantee and accordingly does not have a share capital.
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## ENFIELD ISLAND VILLAGE TRUST Detailed Statement of Financial Activities For the year ended 31 March 2022
|**INCOME** **AND** **ENDOWMENT**
**Donations** **and** **legacies**
Grants - Enfield Council
**Charitable** **activities**
Rent Services Charges
Interest on Rentcharge & Late Payment Charges
RSA
Community Centre Income
Income from charitable activities
**Investments**
Property Income
**Other** **income**
Other Income (Transfer & Refunds)
Other Income
**Total** **incoming** **resources**
**EXPENDITURE**
**Charitable** **activities**
Cost of direct charitable activity
Staff costs - wages & salaries
**Other**
Tax (Deferred) Expense
Managing Agent
**SUPPORT** **COSTS**
**Governance** **costs**
Taxation advice
Legal fees
Other finance costs (Bank Charges)
Legal fees (Community Centre)
Other office costs
Accountancy fees
Independent Examiner's fees|**2022**
**£**
-
**-**
318,533
4,377
-
1,342
-
**324,252**
17,462
**17,462**
1,692
18,490
**20,182**
**361,896**
(265,786)
(17,167)
**(282,953)**
-
(98,852)
**(98,852)**
-
(40,090)
(72)
-
(941)
(410)
(3,356)
**(44,869)**|**2021**
**£**
10,000|
|---|---|---|
|||**10,000**
329,750
34
8,142
21,553
19,150|
|||**378,629**
20,663|
|||**20,663**
-
-|
|||**-**|
|||**409,292**
(304,506)
(16,171)|
|||**(320,677)**
(4,675)
(94,608)|
|||**(99,283)**
(7,265)
(32,101)
-
(3,150)
(1,120)
(3,549)
(3,356)|
|||**(50,541)**|
16 of 17
This page does not form part of the statutory financial statements
## ENFIELD ISLAND VILLAGE TRUST Detailed Statement of Financial Activities Continued For the year ended 31 March 2022
|**Total** **resources** **expended**
**NET** **INCOME** **BEFORE** **GAINS** **AND** **LOSSES**
Prior Year Adjustments
Revaluation – Investment Properties
**Net** **income** **before** **gains** **and** **losses**
**Net** **Expenditure**|**(426,674)**
8,404
-
**8,404**
**8,404**
**(56,374)**|**(470,501)**
-
27,500|
|---|---|---|
|||**27,500**|
|||**27,500**|
|||**(33,709)**|
17 of 17 This page does not form part of the statutory financial statements
## ENFIELD ISLAND VILLAGE TRUST DRAFT YEAR END ACCOUNTS 31-MAR-2022 (Final 2-12-12 IE Signed)[23]
Final Audit Report 2022-12-15
Created: 2022-12-14 By: Sam Coleman (namelocmas@gmail.com) Status: Signed Transaction ID: CBJCHBCAABAAQVIsPbpsSbUp-daIDFxaSjxQc4H_T0Hz
"ENFIELD ISLAND VILLAGE TRUST DRAFT YEAR END ACC OUNTS 31-MAR-2022 (Final 2-12-12 IE Signed)[23]" History
## Document created by Sam Coleman (namelocmas@gmail.com)
2022-12-14 - 9:55:52 PM GMT- IP address: 77.100.104.207
Document emailed to larainehodgson10@virginmedia.com for signature
2022-12-14 - 9:57:12 PM GMT
Email viewed by larainehodgson10@virginmedia.com
2022-12-14 - 10:04:33 PM GMT- IP address: 86.134.203.243
Signer larainehodgson10@virginmedia.com entered name at signing as Laraine Hodgson 2022-12-15 - 8:54:35 AM GMT- IP address: 86.134.203.243
## Document e-signed by Laraine Hodgson (larainehodgson10@virginmedia.com)
Signature Date: 2022-12-15 - 8:54:37 AM GMT - Time Source: server- IP address: 86.134.203.243
## Agreement completed.
2022-12-15 - 8:54:37 AM GMT