Charity number: 1131604
Company number: 03415138
(England and W8Jes)
ENFIELD ISLAND VILLAGE TRUST
Report of the Trustees Unaudited Financiaj Statements
For the year ended 31 March 2024

ENFIELD ISLAND VILLAGE TRUST
Contents Page
For the year ended 31 March 2024
Report of the Trustees
1 103
1ndqj9￿jent Examinevs RekKJrt to the Tn6tees
Statement of Financial AclMti
Statement of Financial R)&tk)n
Notes to the Financid Statements
71014
Detsiled Statement of Financial Activities
15to16

ENFIELD ISLAND MLL4GE TRUST
Report of the Trustees
For the year ended 31 Mwch 2024
The Trust￿. who are also dir•ctor$ for the purpos06 of company law. havc plc&urc in presenting th￿r report and the
financial slalements for the ¢haritsble company for the year ended 31 March 2024. The Trustees have adopted the
provisions of Accounting and Reporting by Charities: Ststement of Recommended Practice applicable to charities preparing
their accounts in accordance ￿th the Financial Reporting &andard applicable in the UK and the Republic of Ireland {FRS
1021 {effective 1 January 2019).
PLEASE SEE TRUSTEES ANNUAL REPORT ON APPENDIX ONE.
1 of16

ENFIELD IbLAND VILLAGE TRUST
Report of the Trustees Continued
For the year ended 31 Mwch 2024
STRUCTUR& GOVERNANCE AND MANAGEMENT
Goveming document
Statement of Truslees. responsibilities
Charity Trustees afe the people who serve on ihe goveming body of a charity. They may be known as Trustees, directors,
board members. govwnors or committee members. The principles and rnain duties are the $aft￿ in all cases. Trustees have.
and musl accept. ultimate responsibility for directing Ihe 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 20[￿ requires the directors to prepare financial ststements for each financial year which give a true and
fair view of the slate of affairs of th8 company and of Ihe profit or loss of the company for Ihat period. The directors ar&
responsible for keeping proper
accounting records which d isclosewith reasonaNe accuracy at any time the financial position ofthecompany.
The charity Trustees are responsible for preparing an annual report and financial statements in ￿COrdanCe with applicable
law and United bQngdom Accounting Stsnd8rds (United lfjngdom Generally Accepted Accounting Practice).
The law applicable lo charities in England and Wales requires the chartty Truslees to prepa￿ financial ststemenls each year
which give a true and fair view of the state of affairs of the charity and the incoming resources and applicab.on of resources of
the charity for that period.
In preparing the financial ststements. the Trustees are required to..
Sglect suStable accounting policies and applythem consistenlJy-
Observe the methods and principles in the Charities SORP-
Make judgements and eslimales that are reasonable and pn￿ent
State whether applicable accounting standards have been followed, subject to any rnateri81 departsjres disclosed and
explained in the financial staternents..
Prgporg the ffinancial atatements on the ongoing concem basia ￿lesS it 18 iE)appropriate to assume thal the Gharity will
continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with reaSona￿e accuracy al any lime the
financial position of tho charity and to ènablè thèm to 6n8ure that tho financi￿ stotcmcnL comply with thc Choritie3 Act
2011. the Charity Ikcounts and Reports) Regulab"ons 2008 and the provisions of Ihe governing docurnent. 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 irregulariknes.
rynvprnino dnriirnp.nt
The company registered with the Charities Commission on 14 September 2(￿. The governing document of the charity is thg
Memorandum and ￿￿CleS ofAssociation approved by the members al th& Annual General meeting on 14 July 2016.
Organizational Structure
The Trustees are responsible for the general control and man8gement of the charity. The Trust8es give up timè frÈèly 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 chartty.
Structure, governance and management
The Iruslees have considered the Charity ComnNssionS guidance on public benefit, includina Ihe quidance 'public benefit..
running 8 charity IPB2)'.
2of16

ENFIELD ISLqND VILLAGE TRUST
Report of the Trustees Continued
For the year ended 31 March 2024
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charfty
Charfty registration number
Company registratlon number
PrinGipal addretsts
ENFIELD ISLAND VILLAGE TRUST
1131604
03415138
4(H2 Iblcill￿ CeiiirE Way
Enfield
England
EN3 6GS
Trystee¥
The trustees and officers serving during the year and since the year end were as follows:
Laraine Mary Hodgson
Sam Coleman
rim Dingle
VincentGreen
Frances Anneconnelly
rk Busby
Claire SalLKJao
(Appointed: 01 April 20231
Dariusz Ludwinski
{Appointed: 01 November 20231
Independent examiner
Emmanuel Mensah FMAAT
Ground Floor West Office 10
Nicholas HOL￿e. River Front
Enfield
EN1 3TF
Approvcd by thc Board of Tru3tee8 ond 3igned on its behalf by
Tim Dinglc - Tru=
3of16

ENFIELD ISLAND VILLAGE TRUST
Independent Examiners Report to the Trustees
For the year ended 31 March 2024
I report to the tru3tees on my $xamination ofthe aGGounts ofthe Charit￿e company for the year ended 31 March 2024.
Responsibilities and basis of rgport
As the charity Trustees, who are also directors for the purposes of company law. are respoftsible for the preparation of the
accounts in accordance byith the requirements of the Companies P£t 2006 {Ihe 2006 ￿rI.
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16of the 2006Acl and
are eligible for independent examinabon. I report in respect of my examination of your charity's accounts carried out under
section 145 of the Charities Act 2011 Ilhe 2011 Acfl. In carrying oul my examination I have followed the Directions given by
the Charity Commission under section 145{5llb} of the 2011 A£L
Independent examiners Statemonl
Since the Charitable company's gross income exce&Jed £250.000. your examiner musl be a member of a body listed in
section 145 of the 2011 Act I confirm that l am qualifi￿ io undertake the examination by virtue of my membership of , 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 ma￿n81 rÈspect".
1. accounting records were not kept in respect of the Company as required by seclion 386 of the 21J)6 Actr. or
2. the accounts do nol accord those records- or
3. the accounts do notcomply with the requirements ofsection 396 oflhe2006 kt other than any requirement that the
accounts give a'lrue and fair view, which is not a matter considered as part of an independent examination.. or
4. the accounts hav8 not been prepared in accordance with the rr￿thOdS and principles of the Statement of Recommended
Practic8 for accounting and reporting by charities applicable to charities preparing Iheir accounts in accordance with the
Financial Reporting Stsndard appli¢aNe in the UK and Repubiic of Ireland IFRS 102).
I have no concerns and have come across no other matters in conneckn.on with the examinabon lo which attention should be
drawn in this report in orderto enable a proper understanding ofthe to be reached.
Emmanuel Mensah FMAAT
Ground Floor Wesl Office 10
Nicholas House, River Front
Enfield
EN1 3TF
D8te'.
J)4
4of16

ENFIELD ISLAND VILLAGE TRUST
Statement of Financial Activities (including Income and Expenditure Account)
For the year ended 31 March 2024
Notes
Unrestrietɕd
funds
2023
Income and endowments from:
Charitsbte activities
Investments
374,010
26.519
8.020
28,886
5,023
Other income
Total
408,549
371,962
Expendlture on:
Charitable activities
OthAr *%p&ndiknir
{319,768}
{137.6171
1457,385)
1427,2641
1124,3061
(551,5701
Total
Net expendlture
Reconciliation of fund$
Total funds brought forward
Total funds Carried forward
(48,836)
1179,6081
557.163
736.771
508.327
557.163
5of16

Regist￿e￿ Number
03415138
ENFIELD ISLAND VILLAGE TRUST
Statement of Financial Position
As at 31 March 2024
Not9$
2024
2023
Fixed assets
Investments
12113
507.500
507.500
507.500
507,500
Current assets
Debtors.. afnounts fairing due within one year
Oeblors: amounts falling due after mre than one year
Cash al bank and in hand
14
167.823
31,884
73,031
272,738
141.495
31.884
101.251
14
274,630
Gredltors- amounts falllng due wlthln one year
15
(164.841)
1100,3131
Net current assets
107,897
168,317
Total assets less cunent liabilities
615,397
675,817
183.5341
135,1201
Creditors.. amounts falling du& aftgr more than one year
ProvisK)ns for liatrilti
16
171,950)
135.120)
17
Net assets
508,327
557,163
The funds of the charily
Unrestricted income funds
18
508,327
557,163
Total funds
508,327
557,163
For the year ended 31 March 2024 the company was entilled to exemption from audit under secb.on 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 sectKon 476,
Th¢ trutstc￿ aGknowledge their responsibilities for Gomplying with the reqLairements of tho AGt wth r¢sp¢Gt 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. regim.
The financial statements wer& approved and alrthorised for issu8 by the PA)ard and signed on its b8half by..
Tim Dingle
Truste8
6of16

ENFIELD ISLAND VILLAGE TRUST
Notes to the Financia Statements
For the ye& ended 31 March 2024
l. Accounting Policies
Basis of accountlng
The financial staternents have been prepared under the historical cost convention. except for investrnents which are
included at market value and the revaluation of certain fixed assets and in accordance wilh the Charities SORP IFRS
1021 'Accounling and Reporting by Charities= Stslemenl ofRecommended Practicè applicable to charities preparing their
accounL in aocordKJnec with the Financial Reportin9 Standard applicable in the UK and Republic of Ir6land (FR8 1021
{effective l January 20191.. Financial Reporting Standard 102 the Financial Reporb"ng Slandard applicable in the UK and
Republic of Ireland IFRS 102). and the Companies kl 2006.
ENFIELD IStAND VILLAGE TRUST meets th8definition ofa public benefitentity under FRS 102. ksets and liabilities
are initially recognised at historical cost or transaction vaue unless othepmse stated in the relevant accounting policy
notèl$l.
Going concern
The Trustees. who are also dirBGlors for the purposes of company law, are working hard to ensure the Trust remalns
solvent. rruslees will continue to rnanage the TTUSt with a view to generating surplus fijnds in the future.
InGowning re5oufGes
All incoming resources are inclLKled in the stslement of financi81 &tivities when Ihe Trusl is entiued to Ihe income and the
amount can be quantified with reasonable accuracy. There are no specific policies that are applied to particular
categories of in¢ome.
Resourcgs expended
Liabilities are recognised as resources expended when there is 8 I￿jaI or constructive obligation commitbng the Trust lo
the expenditure.
Charitable activities
These are core activities carried out by the Trust and wilhin its obJ"ectives and aim5.
Taxation
The Trust is exempt from corporation tsxation, however due to the re¥￿UatiOn of the Investment Properties. a provision
for deferred 18x has been sel aside in accordance wilh the provisions of FRS 102. This is to ensure that the future tax
consequences of past transactions and evenls are recognised as assets or liabilities within the Trusys financial
statements.
Tangible lixed assets
Tangible fixed assets, other than freehold land. are slated at cost or valuation less depreciation and any provision for
impairment. Depreciation is provided 21 rates calculated to vrrite off the cost or valuation of fixed assets, less their
eslimaled residual value. over their expected usefvl lives on the following basis=
Depreciation is charged on a straight line basis.
Dgbtors
The Trust is working with the Managing Agents and other third {3rd) parlies to deterniine and work out appropriate means
of collecting outstanding debts. The uncollectstAe debts will be declared as bad with ￿8rd approv81. where appropriate.
Irrecoverable VAT
Irrecoverable VAT is included in the Statement of Financial Activities. and is reported as part of the expenditure lo which it
relates.
7 of16

ENFI￿L￿ ISLANU VILLA(iE TKUb I
Notes to the Financid Statements Continued
For the year ended 31 March 2024
2. Income from charitable activities
2024
2023
Unrestricted funds
Estate Management
Reni Seryices Charges
Interest on Rentcharge & Lale
Patment Charges
Reserve Fund - On Account
338.240
333,534
2,018
23.258
361.498
335,552
Communty Centre
Community Centre Income
Bank Inteiest
10,187
185
2.501
10.372
2,501
Ab'livily 4
Bank Interest Rentch8rge
Bank Interest - Reserve Funds
1,194
2,140
374.010
338,053
3. Investment Income
2024
2023
Unrestricted funds
Income from inveslmenl
properties
26.400
28.357
Bank interest receivabl8
119
529
26.519
28,886
4. Other Income
2024
2023
Unrestrlcted funds
Olhw Income
8.020
5.023
8.020
5,023
8of16

ENFIELD ISLAND VILLAGE TRUST
Notes to the Financia statements Continued
For the year ended 31 March 2024
5. Costs of charftable aGti¥itieJ by fund type
2024
2023
Unr•stridod funds
E=tatc Man&igcmenl
Community Centre
Investment Property Expenses
Support costs
271,376
311.931
17.082
16.906
8,199
23,111
98,427
319,768
427.264
6. Costs of charitable actiyities by acti￿ type
A¢tivities
undertaken
directly
Support
costs
2024
2023
Support Costs
Eslale Management
Community Centre
Investment Property Expenses
271.376
17.082
3.757
15,966
275.133
33,048
401.410
25,854
8,199
11,587
296.657
23,111
319.768
427,264
7. Analysls of support costs
Community
Centre
Investment
Property
Exponsos
2024
2023
Com. Centre Expenses
Stsff Trainillg
Estate Agents Fee
14.532
14.532
60
Governance Go&ts
1.434
5.19"1
98,367
15.966
23.111
98.427
90116

ENFIELD ISLqND VILLAGE TRUST
Notes to the Financial Statements Continued
For the year ended 31 March 2024
8. Ngt incomg1{8xpendlturel for the year
This is stated after ch?rgingllcreditingl-
2024
2023
Accountancy fees
EKdtninet'5 ffes
369
3,474
g. staff costs
Totsl st8ff costs for the year ended 31 March 2024 were:
2024
2023
Salaries and wages
17,082
16.906
17.082
16,906
2024
2023
Admin Support Staff
10. Comparatlve for the Statement of Financial Activitie5
The comparative year valu&% on thestatement ofFinancial ￿tivitieS are for unrestricted fvnds.
11. Tangible fixed assets
Plant and
machinery
Motor
vehicles
Fixtures and
flltlngs
Cost or valuation
Total
At 01 April 2023
Al 31 March 2024
4.575
22,333
27,552
4,575
22,333
27,552
Depreciation
Al 01 April 2023
4.575
22.333
27.552
At 31 March 2024
4.575
22,333
27.552
Net book values
Al 31 March 2024
At 31 March 2023
loof16

ENFIELD ISLAND VILLAGE TRUST
Notes to the Financial Statements Continued
For the year ended 31 March 2024
Investments
12. Analysi5 of movement of commercial investments
Investment
property
Faif value at 01 Apri
2023
507.500
Fair value at 31 March
2024
507.500
13. Analysis of Investments between funds as at year ended 31 March 2024
2024
2023
Unrestrlcted funds
Investment properties
507.500
507,500
507.500
S07.500
14. Debtors
2024
2023
Amounts duewithin oneyear.
Leaseholders, Debtors
113,410
54.413
112,773
PrepaYn￿nts
28.722
167,823
141,495
Amounts due after more than one year.
Other debtors - Historic
31.884
31.884
31.884
31,884
15. Creditors: amounts falling due within one year
2024
2023
Trade creditors
(5.1901
90.967
13.386
Rent Charge in Advance
Accrued Inv. Properties Rental
Accruals
8.847
70,217
92,927
164,841
106,313
11 of16

ENFIELD IbLAND VILLAGE TRUST
Notes to the FinanciaE Statements Continued
For the Ye￿ ended 31 March 2024
16. Creditors.. amounts falling due after more than one year
2024
2023
Loans- Bounceback
20,000
50.000
31,584
50.000
Initsal Advance to Managing Agent
other credilors
1,950
1,950
71.950
83,534
The following liabilities disclosed under creditors falling due after nKJre Ih8n one year are secur￿1 by the charity-.
Elank loans and overdrafts
20,000
31.584
20.000
31,584
17. Provlslons for Ilabllltles and ¢harges
Deferred Tax
- Invèstment
Propertigs
Provision at 01 April 2023 - deferrd tax
Provision al 31 March 2024
35,120
35,120
18. Movement In funds
Unrestricted Fund5
Balance at
0110412023
Incoming
Outgoing
resources
Balance at
3110312024
Gener81
General
557.163
{457.3851
508,327
557.163
408.549
1457.3851
508.327
Unrestrlcted Funds- Previous year
Balan￿ at
0110412022
Incoming
resources
Outgoing
resources
Balance at
3110312023
General
General
736.771
371.962
{551.5701
557,163
736.T11
371.962
(551.5701
557,163
12of16

ENFIELD ISLAND VILLAGE TRUST
Notes to the Financial Statements Continued
For the ye& ended 31 March 2024
Purpose of unrestrlcted Funds
Property Income
The Trust owns 2 investment properb&s. Propety Income are rents paid ty thetenants oltheTrusl. The funds are
general and are applied within the objects of the Tnjst as directed by the Board.
Rentcharge Income
Rentcharge is payable ty some 1.314 residential and commercial units through the deed of rentcharge. The f¥Jnds 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 LFse CommLbnity Centre hall, they are general and applied within the oF4'ects of the
Trust.
General
General funds are funds available lo the Board to be used at their discretion bul within the objects of the TrusL
Purpose of restricted funds
Grant R¢G¢iYable
Grants are restrFcted lo the use prescribed by the donors" their use canl be changed without a prtor permission from
the donor.
19. Analysis of net assets between funds
Tangible
èd assets
Invegbn•nts
Net CUT￿nt
assets I
Uiabilitiesl
Creditors >
Provisions
Net Assets
one year
Unrestricted funds
General
General
507.500
107.897
171,950)
{35.1201
508.327
507.5QQ
107.897
(71,950)
135.1ZDI
500,32T
Pravlous year
Tangible InvestrnÈnts
fixed assets
Net eurrant
assets I
Creditors >
P¥ovlslorts
Net Assets
one ypar
Viabilities)
Unrestricted fund$
General
General
507,S)0
168.317
183.534)
(35,1201
557,163
507.500
168,317
{83.534)
(35.120)
557.163
13of16

ENFIELD ISLAND VILLAGE TRUST
Notes to the Financiai Statements Continued
For the year ended 31 March 2024
20. Company Ilmited by guardntee
ENFIELD ISLAND VILLAGE TRUST is a company limited by g￿rantee and xcordingly does not havea share capital.
14of16

ENFIELD ISLAND VILLAGE TRUST
Detaled Statement of Financial Activities
For the Ye￿ ended 31 March 2024
2024
2023
INCOME AND ENDOWMENT
Charltabla actlvltles
Rent Seréices Ch8rge¥
Special Levy
Interest on Rentcharge & Late Payment Charges
329.342
8,898
325,2T3
8.261
2.018
Reserve Fund- On A£counl (Estste
Managemellll
Community Centre Income
Bank Interest
23,258
10.187
185
2,501
Bank Interest - Renlchargo
Bank Interest - Reserve Funds
1,194
946
374.010
338.053
Investmgnts
Property Income
Bank interest receivable
26.400
28.357
529
26.519
2B.886
Other income
Other Income
8.020
5,023
8.020
5.023
Total incoming r•soure
408.540
371,962
EXPENDITURE
Charitable activities
Cost of directcharitable activity
(271,376)
1311.931}
staff co8tq- % *alAri
(17,082)
116.906}
Cost ofdirectcharitable activity
(8,1991
(296,6571
1328.837}
Other
Other Costs
{4.165}
1133,4521
11801
{124.1261
Managing Agent
1137.6171
1124.3061
SUPPORT COSTS
Com. Centre Expenses
Com. Cènlre Expenses
114.5321
{14.532)
Staff Training
Staff Training
160}
1601
Estate Agents Feo
Estate Agents Fee
13,388)
15of16
This page does not form part of the statutory financial slalements

ENFIELD ISLAND VILLAGE TRUST
Detailed Statement of Financial Activities Continued
For the year ended 31 M&ch 2024
(3,388}
Goveman¢e costs
Accountsncy fees
Independent Examination fees
13691
(3,4741
(3.4801
Legal fees
1205)
{83,8621
11.7021
1721
other office costs
Other finance costs (Bank Charges)
172)
Other office costs
11,4341
{8.8881
15.191}
198,367)
Total resources expend8d
{457.3851
1551.5701
Net Expendtture
{48.8361
1179.6081
16of16
This page does notfomi part oflheststsrtory financial statements