Annual Accounts Ending 31st March 2024
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Contents
| Organisation Details …………………………….. | 3 |
|---|---|
| Background ..…………………………………….. | 4 |
| Services …………………………….……………. | 4-5 |
| Activities and Events……………………………… | 5-6 |
| Report of the Auditor……………………………… | 7 |
| Statement of financial activities …………………… | 8 |
| Balance Sheet ……………………………………… | 9 |
| Notes to the Accounts……………………………… | 10-15 |
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Organisation Details
Charity Name Elays Network
| Registered Office Trustees and Directors Charity Number Company Number Bankers Independent Examiner |
68 St Batter Phone Webs FB: Twitt Instag Mr Ib Mrs I Mr A Mrs L 11411 04763 HSBC 240 L SW11 Md Iq B K C Arche E3 4A |
Rule Street sea, London, SW8 3ED : 020 77206864 ite: www.elaysnetwork.com : info@elaysnetwork.com www.facebook.com/Elaysnetwork er: www.twitter.com/elaysnetwork ram: www.instagram.com/elaysnetwork rahim Duaale - Chairman starlin Mohamed - Trustee hmed Adam - Trustee eila Farah - Trustee 57 530 Bank avender Hill, Battersea 1LH bal Hossain MBA, FCCA ommunity Accountant Ltd s 420-421,Burdett Road, London A |
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Background
I am pleased to present Elays Network director’s report together with the financial statement of the charity for the year ending 31/March/2024 which are prepared to meet the requirements for the director’s report and account for Companies Act purposes.
Elays Network is a Multi-faceted community organisation that aims to engage, educate and empower members of the communities who have become disengaged and marginalised from accessing the help and support that they need. Elays Network has been actively delivering a wide range of activities directly and indirectly since it was established back in May/2003.
Elays Core Area of Focus
Elays Network is a frontline, multifaceted community organisation, which aims to engage, educate and empower communities. We have over 6000 regular users a year. We run ongoing projects and activities for children, young people, adults, and elderly members of the community focusing on three core areas: Education & Training, Health & Wellbeing and Advice & Advocacy creating safe spaces, experiences, and opportunities. We support our community through the following key theme area,
1. Education and Training - Elays Education and Training project focuses on providing short courses for our service users to improve their knowledge and skills, access to higher education and increase their chances for better employment opportunities.
Programs:
Following the successful completion of Elays digital inclusion course, We started delivering short courses such us
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Software Engineering for adults and young people. This course covers topics such as software development, Website design, App design and development and programming. The feedback for the participants has been positive.
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Strengthening Family Strengthening community Parenting course to enhance parents skills, knowledge and confidence on positive parenting
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Reforming Parent Child Relationship programs rebuild positive relationships between parents and their children along with monthly workshops covering various topics.
2. Health & Wellbeing - Elays Health and wellbeing project focuses to improve the health and wellbeing of our community through health eating, Physical Activities, Events and workshops on mental health and other health related topics. Since the Covid-19 pandemic we have delivered a number of workshops, produced videos and held community discussions with our local public health departments, NHS, Public Health England, ICB and our partner organisations that focus on improving the health and wellbeing of the community. Our aim is to raise awareness and make health and wellbeing service and support accessible to our communities.
Programs and activities
- Women's only activities including Yoga sessions, Swimmings session, Healthy Eating and health discussion covering topics such as maternity, women sexual health and mental health as well as health eating
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Men’s activities including Mens football, We run 6 football clubs supporting over 75 men attending weekly sessions to improve their physical and mental health.
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Community Health Champions we train members of the community to become community health champions and gain knowledge on topics such as Chronic obstructive pulmonary disease (COPD), Cardiovascular disease (CVD) and diabetes. The community health champions hold regular formal and informal workshops to raise awareness about long term health conditions that can be prevented through healthy lifestyle
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Health Clinics we hold Monthly community health aimed at raising awareness of long term health conditions and early prevention.
3. Advice & advocacy - Elays Advice and Advocacy ensures on providing our communities with latest information related to social welfare, Housing, Employment, Education and health and wellbeing. We provide these services in three locations in Wandsworth, Battersea, Southfields & Roehampton. Our advice and advocacy team speak English , Somali , Sudanese , Amharic and Arabic . Our team receives regular training such as
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a. Benefits and welfare training
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b. Homelessness Law training
Our staff also have extensive experience working with schools and education settings for over 21 years. In 2023 we supported over 5000 people from different parts of London. We anticipate this number to increase. We currently have 5 full time staff and 7 part time staff and 10 active volunteers. All of our trustees, staff and volunteers have lived experience of the issues that we are trying to address.
4. Elays Youth Program: Elays Youth Club is a very important part of all our youth programs, which enable us to attract young people and engage them into positive activities and programs. Elays youth club consists of general activities, debates, art and craft, cooking sessions and sports activities for young people (aged 8-19 years old) from the local area and wider Wandsworth. Our youth program has different strands, which focuses on the development of young people from a young age to become active members of the community. As we are back from the lockdown we have seen an increasing number of young people joining our youth club.
Activities and Events
Seaside Trips
We are back to delivering activities and Events post Covid-19 lockdown. This summer we have taken families and young people to several sea side trips. Over 1000 families have enjoyed spending time with their families.
Sailing Trip
Our Young people took part in our famous sailing trip this summer. Participants left London on a coach starting their sailing from Plymouth visiting Falmouth, Fowey, Dartmouth or Salcombe. The sailing activities teaches young people cooperation, a sense of responsibility, instils a sense of adventure, develops initiative, social skills, feelings of self-worth, communication skills and acts as a catalyst to engagement with education and employment.
Holiday And Food program
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Children and young people who are eligible for free school meals attended our youth club activities free of charge. Each session includes a meal and a range of activities including physical activities with the aim of helping children and young people to be active, socialise and have a meal together. We also offered opportunities for food and nutrition education for parents and children.
The negative financial impact of coronavirus has left many charities and community groups in a bad financial situation, with many reporting that their financial position had deteriorated during the lockdown. To support organisations cope and meet the ever demanding needs of the community we held a Meet the Funders event. In this event we invited the GLA to talk about their funding programmes. These events give attendees the opportunity to speak directly to funders, take part in discussions, get unique insights, and ask questions specific to their project or organisation.
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Signed _____
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Mr. Ibrahim Duaale - Chairman Date: 09/06/2024
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INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF ELAYS NETWORK YEAR ENDED 31[st] MARCH 2024
I report to the trustees on my examination of the financial statements of Elays Network (‘the charity’) for the year ended 31st March 2024.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements 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 the charity’s accounts as 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 Examiner’s Statement
Since the charity’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 because I am a member of the Association of Certified Chartered Accountants (ACCA), 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;
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Accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
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The financial statements do not accord with those records; or
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The financial statements 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 considered as part of an independent examination; or
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The financial statements 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 (FRS102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drowned in this report in order to enable a proper understanding of the accounts to be reached.
Signed:
Date: 09/06/2024
Md Iqbal Hossain MBA, FCCA BK COMMUNITY ACCOUNTANT LTD Chartered Certified Accountant 124 City Road, London. EC1V 2NX.
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ELAYS NETWORK Statement of Financial Activities
Annual Accounts Ending 31st March 2024 Income and expenditure account
| ELAYS NETWORK Statement of Financial Activities Annual Accounts Ending 31st March 2024 Income and expenditure account |
ELAYS NETWORK Statement of Financial Activities Annual Accounts Ending 31st March 2024 Income and expenditure account |
ELAYS NETWORK Statement of Financial Activities Annual Accounts Ending 31st March 2024 Income and expenditure account |
ELAYS NETWORK Statement of Financial Activities Annual Accounts Ending 31st March 2024 Income and expenditure account |
ELAYS NETWORK Statement of Financial Activities Annual Accounts Ending 31st March 2024 Income and expenditure account |
ELAYS NETWORK Statement of Financial Activities Annual Accounts Ending 31st March 2024 Income and expenditure account |
ELAYS NETWORK Statement of Financial Activities Annual Accounts Ending 31st March 2024 Income and expenditure account |
ELAYS NETWORK Statement of Financial Activities Annual Accounts Ending 31st March 2024 Income and expenditure account |
ELAYS NETWORK Statement of Financial Activities Annual Accounts Ending 31st March 2024 Income and expenditure account |
|---|---|---|---|---|---|---|---|---|
| 31 MARCH 2024 | ||||||||
| Incoming Resources |
Not e |
Unrestric ted Funds |
Restrict ed |
TOTAL Funds 2024 |
Unrest ricted Funds |
Restricte d Funds |
TOTAL Funds 2023 |
|
| Donation and Legacies |
2 | 7,896 | 381,081 | 388,977 | 12,999 | 242,585 | 255,584 | |
| Trading Income |
3 | 26,079 | - | 26,079 | 27,545 | - | 27,545 | |
| Other Income | 4 | 193 | - | 193 | 268 | - | 268 | |
| Total Income | 34,168 ====== |
381,081 ====== |
415,249 ====== |
40,812 ===== |
242,585 ====== |
283,397 ====== |
||
| Expenditure on: |
5 | |||||||
| Charitable activities |
33,481 | 351,872 | 385,353 | 40,460 | 239,727 | 280,187 | ||
| Total expenditure |
33,481 ====== |
351,872 ====== |
385,353 ====== |
40,460 ===== |
239,727 ====== |
280,187 ====== |
||
| Net Income & net movement in funds |
687 | 29,209 | 29,896 | 352 | 2,858 | 3,210 | ||
| Reconciliation of fund: |
||||||||
| Total funds brought forward |
19,893 | 29,520 | 49,413 | 19,541 | 26,662 | 46,203 | ||
| Total funds carried forward |
20,580 ====== |
58,729 ====== |
79,309 ======= |
19,893 ===== |
29,520 ====== |
49,413 ======= |
TOTAL RECOGNISED GAINS AND LOSSES
The Charity has no recognised gains or losses other than the net movement in funds for the above period.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
The notes on pages 10 to 15 form part of these accounts.
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| ELAYS NETWORK BALANCE SHEET |
|||||
|---|---|---|---|---|---|
| AS AT 31 MARCH 2024 | |||||
| FIXED ASSETS | Note | 2024 | 2023 | ||
| £ | £ | £ | £ | ||
| Office Equipment | 10 | - | 10,669 | 11,350 | |
| Debtors | 11 | 32,805 | - | - | 12,048 |
| Rent Deposit | 5,010 | 1,315 | |||
| Cash at Bank in Hand | 66,336 | 102,505 | |||
| Total Current Assets | - | 104,151 | 115,868 | ||
| Creditors and Accruals | 13 | (18,795) | (58,781) | ||
| Advance Received | 12 | (16,716) | (19,024) | ||
| Net Current Assets | 68,640 | 38,063 | |||
| Net Assets | 79,309 ====== |
49,413 ====== |
|||
| Unrestricted Funds | 14 | 20,580 | 19,893 | ||
| Restricted Funds | 14 | 58,729 | 29,520 | ||
| Total Funds | 79,309 ====== |
49,413 ====== |
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006 and that members have not required the company to obtain an audit in accordance with section 476 of the Act. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies’ subject to the small companies’ regime.
These accounts were approved by the Board of Directors and Trustees on 09/04/2024 and were signed on its behalf by:
Signed _____ Mr. Ibrahim Duaale - Chairman Date: 09/06/2024
The notes on pages 10 to 15 form part of these accounts.
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ELAYS NETWORK Notes to the Accounts
For the year ended 31 March 2024
1. Accounting Policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year.
1.1 Basis of Accounting
The financial statements have been prepared under the historical cost convention and in accordance with the applicable Accounting Standards and the Statement of Recommended Practice “Accounting and Reporting by Charities” published in March 2005 and the Companies Act 1985.
The company has taken advantage of the exemption in Financial Reporting Standard No. 1 from the requirement to produce a cash flow statement on the grounds that it is small company.
1.2 Incoming Resources
Income from activities, voluntary income and donations are included in incoming resources when they are receivable, except when the donors specify that they must be used in future accounting periods or donors’ conditions have not been fulfilled, then the income is deferred. The income from fundraising ventures is shown gross, with the associated costs included in fundraising costs.
1.3 Resources Expended
Resources expended are included in the Statement of Financial Activities on accruals basis, inclusive of any VAT that cannot be recovered.
Expenditure that is directly attributable to specific activities has been included in these cost categories. Where costs are attributable to more than one activity, they have been apportioned across the cost categories on a basis consistent with the use of those resources.
1.4 Going Concern Basis
The financial statements have been prepared on the going concern basis, as in the opinion of the director and trustees, there are no issues arising which would suggest any other basis as being more appropriate.
1.5 Depreciation
Depreciation is provided using the following rates and bases to reduce by annual instalments the cost, less estimated residual value, of tangible assets over the estimated useful lives:
Furniture, Fixtures, Fittings and Equipment - 20% on reducing line basis.
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ELAYS NETWORK
Notes to the Accounts
For the year ended 31 March 2024
2. Income from donations and legacies:
| Grants, donations, and legacies: | Unrestricted Funds |
Restricted Funds |
2024 | 2023 |
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Donation & Voluntary contribution | 1,462 | - | 1,462 | 1,307 |
| London Borough of Wandsworth | - | 46,251 | 46,251 | 23,535 |
| Big Lottery – Reaching Community | - | 80,229 | 80,229 | 70,118 |
| **Apple Europe ** | - | 10,134 | 10,134 | |
| Community Organisation | - | 75,000 | 75,000 | |
| LBW Children Service Department | - | 25,000 | 25,000 | |
| Wimbledon Foundation | - | 10,000 | 10,000 | |
| SWL ICB | - | 11,453 | 11,453 | |
| Propel | - | 19,639 | 19,639 | |
| Shaftsbury Young People Trust | - | - | - | 5,000 |
| City Bridge Trust | - | 49,000 | 49,000 | |
| Education and Training fees | 3,684 | - | 3,684 | 11,692 |
| SIR Walter ST | - | 3,000 | 3,000 | |
| Big Lottery- Cost of Living Up Lift | - | 5,641 | 5,641 | 5,641 |
| Wandsworth Care Alliance | - | 20,000 | 20,000 | 7,938 |
| NHS- Southwest London ICB | - | - | - | 50,000 |
| Wandsworth Council- Childhood Obesity |
- | 5,234 | 5,234 | 7,962 |
| Trust for London | - | 20,500 | 20,500 | 42,000 |
| Trust for London- Cost of Living Up Lift |
- | - | - | 10,400 |
| Big Lottery- Award for all | - | - | - | 10,000 |
| The Battersea Power | - | - | - | 4,991 |
| The D OYLY Carte | - | - | - | 3,000 |
| Mayor’s Office | 2,750 | - | 2,750 | 2,000 |
| TOTAL | 7,896 ======= |
381,081 ====== |
388,977 ======= |
255,584 ======= |
3. Trading Income:
| Unrestricted Funds |
Restricted Funds |
2024 | 2023 | |
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Rent & Events fees | 26,079 | - | 26,079 | 27,545 |
| TOTAL | 26,079 ======= |
- ====== |
26,079 ======= |
27,545 ======= |
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Notes to the financial statements (continuing)
Year ended 31 March 2024
4. Other Income:
| Unrestricted Funds |
Restricted Funds |
2024 | 2023 | |
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Training Support fees | - | - | - | 250 |
| Bank Interest | 193 | - | 193 | 18 |
| TOTAL | 193 ======= |
- ====== |
193 ======= |
268 ======= |
5. Expenditure on Charitable Activities by Fund type:
| Charitable activities & Support Cost |
Un- restrict ed Funds |
Restricte d Funds |
Total 2024 |
Un- | Restricted | Total 2023 |
|---|---|---|---|---|---|---|
| restricte | Funds | |||||
| d | ||||||
| Funds | ||||||
| £ | £ | £ | £ | £ | £ | |
| Salary, pension & Sessional | 2,437 | 166,539 | 168,976 | 10,163 | 155,126 | 165,289 |
| Venue hire & Rent | 8,621 | 31,622 | 40,243 | 4,446 | 721 | 5,167 |
| Telephone, Internet, Website & Media |
2,225 | 9,777 | 12,002 | 5,320 | 8,803 | 14,123 |
| Voluntary Exp | 4,246 | 6,368 | 10,614 | 9,122 | 9,122 | |
| Travel Expenses | - | 234 | 234 | - | 674 | 674 |
| Refreshments | - | - | - | 294 | - | 294 |
| Insurance | - | 1,265 | 1,265 | - | 1,228 | 1,228 |
| Printing and stationery | - | 1,230 | 1,230 | - | 1,585 | 1,585 |
| Utilities | - | 9,389 | 9,389 | - | 1,347 | 1,347 |
| Professional & Bookkeeping | - | 5,006 | 5,006 | - | 5,450 | 5,450 |
| Recruitment Cost | - | 674 | 674 | - | 672 | 672 |
| Project Activities | - | 89,403 | 89,403 | - | 53,586 | 53,586 |
| Training & Advocacy | - | 1,804 | 1,804 | - | 3,948 | 3,948 |
| Fundraising Cost | 6,140 | - | 6,140 | 2,250 | - | 2,250 |
| Staff Training | 176 | - | 176 | 540 | - | 540 |
| Organisational Development/Consultancy |
- | 25,894 | 25,894 | 2,495 | 4,955 | 7,450 |
| BankCharge | 128 | - | 128 | 123 | - | 123 |
| Repair & Maintenance | 9,508 | - | 9,508 | 5,707 | - | 5,707 |
| Depreciation | - | 2,667 | 2,667 | - | 1,632 | 1,632 |
| Total | 33,481 ===== |
351,872 ====== |
385,353 ====== |
40,460 | 239,727 | 280,187 ====== |
| ===== | ====== |
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Notes to the financial statements (continuing)
Year ended 31 March 2024
6. Staff Costs:
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Salaries & Sessional fees | 168,976 | 165,289 |
| TOTAL | 168,976 ======= |
165,289 ======= |
The average Number of employees during the year 23/24 was 9 also Sessional workers 23/24 was 13. Year 22/23 employees were 6 and Sessional Worker was 13.
7. TRUSTEES EXPENSES
No expenses are paid to Trustees. No employee earned more than £60,000 during the year (2023: nil).
8. Related party transactions
There are no related party transactions to disclose for 2024 (2023: none) There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.
9. Taxation
The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.
10. Fixed Assets
| 10. Fixed Assets |
10. Fixed Assets |
|||
|---|---|---|---|---|
| Computer Equipment |
Furniture | Total | ||
| £ | £ | £ | ||
| Cost | ||||
| At 1 April 2023 | 13,661 | 4,823 | 18,484 | |
| Additions | 1,529 | 457 | 1,986 | |
| At 31 March 2023 | 15,190 | 5,280 | 20,470 | |
| Depreciation | ||||
| At 1 April 2023 | 7,134 | - | 7,134 | |
| Charge this period | 1,611 | 1,056 | 2,667 | |
| At 31 March 2024 | 8,745 | 1,056 | 9,801 | |
| Net book value | ||||
| At31 March 2024 | 6,445 | 4,224 | 10,669 | |
| At 31 March 2023 | 6,527 | 4,823 | 11,350 |
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11. Debtors & Receivable
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Trust for London- Cost of Living up Lift | - | 10,400 |
| Family Support & Safeguard | - | 1,648 |
| SWL ICB | 11,453 | - |
| Propel | 19,639 | - |
| Wandsworth Family Support | 1,213 | - |
| Mayors Fund | 500 | - |
| Total | 32,805 ======== |
12,048 ======== |
12. Advance Received
| . Advance Received | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Big Lottery – Reaching Community | 13,372 | 14,024 |
| **Shaftsbury Young People Trust ** | - | 5,000 |
| London Borough of Wandsworth | 3,344 | - |
| Total | 16,716 ====== |
19,024 ====== |
13.Creditors
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Other Creditors | 694 | 10,173 |
| HMRC | **16,301 ** | 47,408 |
| Independent examination | 1,800 | 1,200 |
| Total Creditors | 18,795 ====== |
58,781 ====== |
Accruals: Provision for Accountancy fees.
14.Analysis of charitable Funds:
| Unrestricted | Restricted T |
otal Fund 2024 £ 10,669 68,640 79,309 ======= |
|
|---|---|---|---|
| Fund | Funds |
||
| £ | £ | ||
| Tangible fixed assets Restricted | - | 10,669 | |
| Net Current assets | 20,580 | 48,060 | |
| Net Assets | 20,580 | 58,729 | |
| ======== | ======= |
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Benefits in kind
There were no benefits in kind in the period.
Independent examination and accountancy services During the period, the cost of the examination was £1,800.
Glossary of terms
Restricted funds: These are funds given to the charity, subject to specific restrictions set by the donor, but still within the general objects of the charity.
Creditors These are amounts owed by the charity, but not paid during the accounting period.
Debtors: These are amounts owed to the charity, but not received in the accounting period. Prepayments: These are services that the charity has paid for in advance, but not used during the accounting period.
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