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2021-03-31-accounts

REGISTERED COMPANY NUMBER: 09487276 (England and Wales) REGISTERED CHARITY NUMBER: 1172345

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

FOR

ENABLE LEISURE AND CULTURE

Brindley Millen Ltd Chartered Accountants and Statutory Auditors 167 Turners Hill Cheshunt Hertfordshire EN8 9BH

ENABLE LEISURE AND CULTURE

CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 March 2021

Page
Report of the Trustees 1 to 8
Report of the Independent Auditors 9 to 10
Statement of Financial Activities 11
Balance Sheet 12
Cash Flow Statement 13
Notes to the Cash Flow Statement 14
Notes to the Financial Statements 15 to 24

ENABLE LEISURE AND CULTURE

REPORT OF THE TRUSTEES for the Year Ended 31 March 2021

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 09487276 (England and Wales)

Registered Charity number 1172345

Registered office

The Park Offices Battersea Park Albert Bridge Road London SW11 4NJ

Trustees

C L Baillieu Chair Ms E A S Cohen Ms C L H Frankl Bertram G Humphries M K Pearson M H Percy Mss D E Watkins N R Blackley

Auditors

Brindley Millen Ltd Chartered Accountants and Statutory Auditors 167 Turners Hill Cheshunt Hertfordshire EN8 9BH

Bankers:

National Westminster Bank plc 153 Putney High Street Putney London SW15 1RX

Further details are available on the following websites:

The Company: https://enablelc.org/

Charity Commission: https://register-of-charities.charitycommission.gov.uk/charity-search/-/charity-details/5071333/charity-overview

Companies House: https://find-and-update.company-information.service.gov.uk/company/09487276.

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. 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 Republic of Ireland (FRS 102) (effective 1 January 2019).

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ENABLE LEISURE AND CULTURE

REPORT OF THE TRUSTEES for the Year Ended 31 March 2021

OBJECTIVES AND ACTIVITIES Objectives and aims

Enable Leisure and Culture (ELC) was established in 2015 for public benefit and was registered with the Charity Commission in March 2017. Its objectives are, through the management of leisure, sports, arts and cultural services for the benefit of local communities, as follows:

to provide or assist in the provision of both indoor and outdoor facilities in the interests of social welfare for recreation or other leisure time occupation of individuals who have need of such by reason of their youth, age, infirmity or disability, financial hardship, or social circumstances or for the public at large with the object of improving their conditions of life; and/or

to promote community participation in healthy recreational activities; and/or

to provide or assist in the provision of community facilities to be available to all sections of the community without distinction, including use for meetings, lectures and classes and/or other forms of recreation, educational and leisure time occupation with the object of improving the conditions of life for all those who use the facilities; and/or

to establish and maintain a museum and/or art gallery; and/or

to advance education in the visual arts through provision of facilities to improve appreciation and skills; and/or

to manage and conserve outdoor spaces; and/or

to provide or assist in the provision of public cemeteries and/or crematoria and associated bereavement services and the maintenance of the same for the public benefit; and/or

pursue such other charitable purposes consistent with the above as the Trustees in their absolute discretion shall determine (together the "Objects").

In summary, our principal activity is to manage and provide health, leisure and cultural services for the benefit of local communities, as detailed below.

We provide indoor and outdoor sports and recreation facilities for the benefit of those of all ages, ability, or financial/social circumstance; to provide community facilities, without distinction, for improving conditions of life, including health; to advance education in the arts; to manage and conserve outdoor spaces; and to provide bereavement services for the public benefit.

The sport and physical activity provision addresses' areas of deprivation and health inequality and promotes general wellbeing. The Health and Well-being service works towards improving the health and wellbeing of all in the Wandsworth community. The Putney School of Art and Design (PSAD) contributes to well-being and cultural enrichment of the borough. Management of public open space and parks offers mental and physical health benefits and general wellbeing. Bereavement services are provided at highly competitive rates accessible, whilst the letting of community space assists local groups and generates funds for reinvestment into the charity's objectives.

ACHIEVEMENT AND PERFORMANCE Charitable activities

ELC is an organisation committed to putting health, wellbeing and community at the centre of everything it does.

We believe everyone can live a healthier, happier life through leisure and cultural activities. We aim to enrich lives and strengthen communities through leisure and culture. We're passionate about what we do and have the experience and knowledge to deliver innovative leisure and cultural services. We have a genuine desire and the integrity to make a difference in people's lives, through our commitment, our collaborative partnerships, our responsiveness to demand and our flexibility, and all delivered at a cost with our core users in mind.

The initial five-year contract that ELC had with Wandsworth Borough Council ("WBC") ended on 30th September 2019. The contract was extended by 6 months to 31 March 2020 to allow for a competitive bid to take place, and ELC was successful in winning a further five-year contract (1 April 2020 to 31 March 2025) to deliver the same services, with the new contract being signed on 30 March 2020.

Enable operates through a number of service divisions - a summary of each is given below. It should be noted that the different functions co-operate as necessary in-order to facilitate an integrated and cost-efficient approach to delivering ELC's overall objectives.

2020/21 was an extremely challenging year for ELC because of the COVID pandemic. Our Bereavement and Park services were busier than ever whilst the revenues for our Leisure, Cultural and Event services were significantly reduced.

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ENABLE LEISURE AND CULTURE

REPORT OF THE TRUSTEES

for the Year Ended 31 March 2021

During the initial lockdown (April 2020 to June 2020) all our services (other than bereavement and basic management of the Parks) were shut with tennis coming back strongly from July 2020 onwards, with other services being able to operate as a reduced service up to the lockdown again in December 2020.

No large-scale events were able to operate at any point during the year.

The shortfall in income was partially offset by

The Board of Trustees would like to formally thank WBC, and all Enable staff for all the support that they have given the organisation during these very challenging times.

Parks Service

ELC has responsibility for managing the Borough's parks and open spaces and for monitoring the performance of the contractors who undertake the upkeep of all parks and open spaces within the borough boundaries. These include, inter alia Battersea Park, Tooting Common and Wandsworth Common. In addition, ELC proactively applies for additional or grant funding, from WBC, the Heritage Lottery Fund and elsewhere, to provide enhancement projects of a capital nature, for example in respect of children's playgrounds, heritage park features, etc.

The management and maintenance of public parks and open space represents a core aim for the public good. It delivers significant amenity value for the community, offering benefits in the spheres of mental and physical health, sport and recreation and general wellbeing. ELC strongly promotes biodiversity and is working with WBC on a three-year biodiversity strategy.

The team are also working on a sustainability action plan, which will provide changes to the way horticulture is managed throughout the Borough.

The parks service was under significant pressure during the year as a direct result of the lockdowns but working in partnership with all the relevant stakeholders and the local community, ELC was able to ensure that all key park related services stayed open during the year.

Bereavement Services

ELC has responsibility for the management of WBC's crematorium and cemeteries. It should be noted that, within the confines of its present contract with WBC, which affords revenue guarantees to WBC, ELC ensures that all cremation fees are kept as low as possible to sustain the affordability and for the benefit of the local community.

The provision of bereavement services delivers the fundamental benefit of affording dignity in death. Annual memorial services are held for the bereaved to remember the deceased.

The total number of cremations in 2020/21 was 4,057 (2019/20: 3,081) - the increase reflecting the impact of the COVID pandemic. We continue to offer affordable cremations to the local community, and rank in the bottom 15% for the fee charged in the UK by crematoria. The total number of burials in 2020/21 was 539 (2019/20: 426).

Future developments include a review of memorialisation at both crematoria and increased capacity for cremated remains graves, memorial vaults and mausoleums. We continue to work with the Council to provide improvements to facilities and to provide additional burial space.

Sport and Leisure Services

ELC has responsibility for the management of many (chiefly outdoor) sporting facilities throughout the Borough. This activity is conducted in a manner that prioritises participation over profit and any income surpluses generated from activities are available for reinvestment in and supporting less well-funded areas such as disability sport. In addition, ELC submits regular grant applications to widen its offering - grants have been secured from, amongst others, Sport England.

These activities offer a clear public benefit in the sphere of health and education; this is especially apparent when considering the opportunities afforded by ELC for young people, and for those with disabilities, to access sporting opportunities. ELC carries out a considerable variety of work for Wandsworth's Public Health Service, covering mental health/dementia; obesity; physical activity for the elderly; and physical activity for school children etc. Emphasis is given to areas of deprivation and health inequality.

Health and Wellbeing

Our health and wellbeing services is focused on helping improve people's lives. We work in a variety of sectors, often delivering projects that cut across multiple sectors.

We put the person at the centre of everything we do, building innovative initiatives to tackle barriers and improve health and wellbeing. Crucial to this approach is developing in depth knowledge of the needs of the individuals or the groups we are targeting. We achieve this using a variety of tools and methods and regularly reflect on our work to allow us to constantly develop.

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ENABLE LEISURE AND CULTURE

REPORT OF THE TRUSTEES for the Year Ended 31 March 2021

Our health and wellbeing services have had good success this year, both in terms of developing our reputation and in delivering and growing our services. We have maintained our focus on helping improve people's lives in doing this and continue to put the person at the centre of everything we do. We have won our first national award, Social Prescribing Programme of the Year from the National Association of Link Workers and were invited to speak on an expert panel at the UK Active Conference. Our approach to evaluation, partnership working and delivering a high quality and high impact service have enabled us to do this.

Through all our work we strive to reduce health inequalities. We target specific groups, seeking to engage with them and understand their needs and issues. Whether barriers are real or perceived they should be addressed, and all our initiatives consider how they help tackle health inequalities.

We believe the best way to deliver successful programmes is usually in partnership. We know we cannot be experts in everything and are always willing to collaborate to develop high quality services. We have worked with national partners such as Sport England, Macmillan, and Mind. We have developed our relationship with academic partners, Surrey University are conducting independent research into our Active Wellbeing programme, and we have submitted an article to published in an academic journal for the first time.

Events and filming

We organise WBC's own public events, such as an annual firework display, and let facilities for commercial events, for example the British Genius Site in Battersea Park. We may also provide event management services such as policing and security. Our Events section offers special rates to charities, and our Filming section offers special rates for student film makers. As noted above, many events (an example being Live at the Bandstand) have a primary purpose of community benefit, whilst any income surplus resulting from other events is applied to secure the objectives of ELC.

A minimal number of events were able to be hosted during the year - most significantly the 2020 Fireworks display had to be cancelled (in November 2019 over 40,000 attended).

Future developments include investigating further opportunities to utilise the open spaces available to ELC to further event bookings with a balanced and community focused programme.

Putney School of Art and Design (PSAD)

ELC is responsible for the management and operation of PSAD. The school aims to break even financially, but if a surplus is achieved in any year, this is re-invested into the provision of education-related services.

A commitment to enhancing educational opportunity for the local community is a key objective of ELC. The activities of the Art School also contribute to the cultural enrichment of the borough.

Price discounts have been maintained to existing students on income benefit and, with the charitable Friends of the Art School, we have introduced a bursary scheme for students facing hardship.

There has been a continuation of subsidised weekly pottery classes being held for adults with learning difficulties, and their carers, with the aim of engagement in community learning as a group.

The total number of enrolments in the academic year September 2019 to 31 August 2020 were 3,549 (previous academic year: 5,064), with the total number of unique learners being 1,579 (previous academic year: 1,810).

During the academic year 2019-20, we saw the first impacts of Covid19 on the service, with closure of the school from March 2020. We lost a few weeks of the spring term, and all the summer term enrolments with the tuition fees had to be deferred to the following academic year. The rapid introduction of online provision did allow a limited number of courses to run during the first lockdown, but it did have a significant impact on the enrolment numbers as the demographic of staff and students were not able to adapt to the new delivery model readily. Coupled with our dated online enrolment system, the last term of the academic year was a challenge for the service.

Through the challenging period, we were able to develop a more user-friendly integrated enrolment system and upskill the tutors with support for students to embrace remote learning. Subsequently when the school re-opened for a later Summer School, we were able to offer, on-site, online and hybrid delivery models to allow as many of the student community to participate and engage with our creative courses.

Despite the above challenges and through innovative revenue initiatives and taking advantage of government support (most significantly Furlough), PSAD delivered a deficit of under £27,000.

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ENABLE LEISURE AND CULTURE

REPORT OF THE TRUSTEES for the Year Ended 31 March 2021

Public halls and community centres

ELC is responsible for the management of these spaces throughout the Borough. Any surplus income (for example in respect of rentals and civil marriages) is re-invested to secure the objectives of ELC. Moreover, space is provided at discounted competitive rates, with an allocation of free lets, whilst a further contribution to community benefit is represented by the Jobs Fair held at the Civic Suite.

Future developments include evaluating the resident expectations and requirements and adapting the service to provide a high quality and relevant service in Wandsworth.

Principal risks and uncertainties

Since April 2021 the Company has traded ahead of expectations and remains cautiously optimistic about the future.

The Trustees have considered budgets / forecasts and are satisfied that there are no material uncertainties to the Charity's status as a going concern.

The charity considers safeguarding extremely important and can report that there have been no safeguarding issues in the year, nor since the Company was established in Oct 2015. Should any such issues occur, ELC has the relevant procedures to deal with, and to ensure that Trustees are made aware of them.

FINANCIAL REVIEW

Financial position

Income for 2020/21 (12 months) was £9.1m (2018/20 (18 months): £16.1m).

Expenditure for 2020/21 was £8.8m (2018/20: £15.7m).

Unrestricted funds delivered a small deficit of just under £43,000 compared to a surplus of £365,000 in 2018/20.

The surplus (including restricted reserves) for ELC in 2020/21 was £266,247 compared to a consolidated surplus in 2018/20 of £409,898.

Reserves policy

As at 31st March 2021, ELC held restricted funds of £411,000 (31 March 2020 £102,000), no designated funds (31 March 2020 £nil), and general reserves of £387,000 (31 March 2020 £429,000). The restricted funds cannot be used for general charitable purposes and can only be used for specific purposes as specified by the donors. Designated funds would represent reserves set aside by Trustees for specific purposes, although the Trustees can agree to undesignate these funds in the future if they so wish.

Net free reserves (general reserves less fixed assets) as at 31 March 2021 were £243,000 (31 March 2020 £266,000).

ELC signed a new five-year contract with Wandsworth Borough Council in March 2020.

In May 2020, ELC obtained a COVID-19 Business Interruption Loan of £750,000. The loan is for six years, interest free in year one, with repayments over 5 years from June 2021.

With net free reserves of £243k and the loan of £750,000 (being paid back monthly over five years from June 2021) in place, the Board of Trustees are confident that they have the appropriate level of reserves in place.

The Board monitor and review, quarterly, the effectiveness of these reserve levels in the light of the changing funding, the current financial climate and other risks.

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ENABLE LEISURE AND CULTURE

REPORT OF THE TRUSTEES

for the Year Ended 31 March 2021

PLANS FOR FUTURE PERIODS Three Year Strategic Plan

During 2020/21 we went through an extended change process and will continue to adapt to the market and working environment, with a close eye on elements that will lead to further expansion within Wandsworth and surrounding London Boroughs. Focus will be put on developing Enable's core services/products around the local communities' expectations ensuring a stable and sustainable platform for further growth aspirations.

An outcome of the above, being the launch of a three-year strategy (April 2021 to March 2024); summarised below Overall objective of the strategy being to deliver a versatile and sustainable organisation that

1. People

Employer of choice known for developing and caring for its people.

2. Reputation

Partner of choice across a number of London Boroughs.

3. Spaces

Sustainable growth through more efficient use of our current and future spaces.

4. Ambition

Additional circa £4 million revenue per year from new contracts by April 2024.

Staff Development & Wellbeing

We will maximise opportunities for staff to develop their skills and their career with us, whilst acknowledging that promotion will not always be practicable.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Organisation

As a registered charity ELC is a "not-for-profit" company limited by guarantee and does not have share capital; any surplus of income over expenditure is retained by the Company to support the development of its activities. Each member has undertaken to contribute an amount not exceeding one pound toward any deficit arising in the event of the company being wound up.

The company's memorandum and articles of association are its primary governing documents, which includes a non-distribution clause of its income and property to its members.

ELC's Board of Trustees and Executive Group meet at least four times a year.

The company Committees are as follows:

Finance and Audit Committee

Meetings are held at least three times a year, and its purpose is to ensure that there is effective financial management and reporting to the Board, with effective systems of internal control.

Development Committee

This Committee was set up during the period and meets at least three times a year; its purpose is to review operational matters to ensure the organisation remains fit for purpose and thereby financially sustainable.

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ENABLE LEISURE AND CULTURE

REPORT OF THE TRUSTEES for the Year Ended 31 March 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

Nominations

Meetings are held on an as and when necessary basis to recruit new Trustees for Enable Leisure & Culture. The committee is formed of the chair and 1 Trustee responsible for Human Resources.

Remuneration

Meetings are held at least once a year, and its purpose is to ensure that Enable Leisure & Culture maintains and nurtures a skilled and productive workforce which delivers the needs of its customers.

Appeals

This committee meets on an as and when necessary basis to hear staff appeals against disciplinary, performance etc issues. It did not have to meet during the year.

The Executive Group is made up of the Chief Executive Officer and Chief Financial Officer. The Senior Management Team is made up of senior staff from across the Company, and along with the Executive Group meets at least once a month to discuss company management issues.

The company also has a Social and Wellbeing Group, which meets monthly. This group is designed to be an information sharing and consultative body with the ultimate objective of organising innovative and engaging well-being initiatives.

Related parties

None of our Trustees receive remuneration or other benefit from their work with the charity. Any connection between a Trustee or senior executive with a competitor, supplier, or client of the charity is required to be disclosed in writing to the Board of Trustees. No such disclosures have been made nor are the Trustees aware of any such connections.

Pay policy for senior staff

When ELC was established, staff were TUPE'd over from WBC, with pay levels being pre-set along with inherited terms and conditions.

New ELC staff pay policies are in line with market rates and are set at a level designed to attract and retain staff. Pay increases can also be awarded if additional responsibility is taken on, or if the results of a job evaluation prove the need for an increase. The use of a job evaluation process is considered important to ensure pay equality.

Risk management

The principal responsibility for this is held by the CEO supported by the CFO, guided by the Risk Register, and overseen by the Finance and Audit committee.

Following the further development of the risk register in 2020/21 we will integrate this into the organisation and ensure that responsibility for any measures required are owned by the respective Heads of Service from 2022.

The risk register along with details of any detected frauds and losses is presented at each meeting of this Committee, and high-level risks are discussed in detail, along with agreeing plans to mitigate those risks. Matters of importance are then taken to the next Board of Trustees meeting to make all Board members aware of the issues.

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

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ENABLE LEISURE AND CULTURE

REPORT OF THE TRUSTEES for the Year Ended 31 March 2021

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland"

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

AUDITORS

The auditors, Brindley Millen Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Dec 17, 2021 Approved by order of the board of trustees on ............................................. and signed on its behalf by:

Christopher BaillieuChristopher Baillieu (Dec 17, 2021 15:00 GMT)

.............................................................................. C L Baillieu - Trustee

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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF ENABLE LEISURE AND CULTURE

Opinion

We have audited the financial statements of Enable Leisure And Culture (the 'charitable company') for the year ended 31 March 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF ENABLE LEISURE AND CULTURE

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the legal and regulatory frameworks that are applicable to the charity and determined that the most significant are those covered by the Statement of Recommended Practice for Charities (SORP 2019) and the Charities Act 2011. We assessed the risk of material misstatement in respect of fraud by making enquiries of management and trustees and by testing the implementation of accounting controls in place.

Based on the results of our risk assessment we designed our audit procedures to identify non-compliance with such laws and regulations identified above by making enquiries with key personnel and reviewing relevant documentation such as minutes of Trustee meetings and correspondence with regulatory bodies. We considered the risk of fraud through management override by incorporation testing of journal entries and reviewing any requirements to meet performance targets. We also considered, and tested for, the possibility of unauthorised payments to related parties.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

mwbrindley

mwbrindley (Dec 20, 2021 10:38 GMT)

Maurice Brindley BSc FCA (Senior Statutory Auditor) for and on behalf of Brindley Millen Ltd Chartered Accountants and Statutory Auditors 167 Turners Hill Cheshunt Hertfordshire EN8 9BH

Dec 20, 2021 Date: .............................................

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ENABLE LEISURE AND CULTURE

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) for the Year Ended 31 March 2021

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
2
Wellbeing, Parks & Leisure
Putney School of Arts and Design
Cultural Services
Support
Other income
Total
EXPENDITURE ON
Charitable activities
3
Wellbeing, Parks & Leisure
Putney School of Arts and Design
Cultural Services
Support
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
-
5,087,427
432,701
1,965,153
168,733
893,551
8,547,565
4,584,131
458,932
1,834,127
1,712,957
8,590,147
(42,582)
429,252
386,670
Restricted
funds
£
-
283,784
-
223,200
-
-
506,984
186,008
-
12,147
-
198,155
308,829
101,743
410,572		 Year ended
31.3.21

Total
funds
£
-
5,371,211
432,701
2,188,353
168,733
893,551
9,054,549
4,770,139
458,932
1,846,274
1,712,957
8,788,302
266,247
530,995
797,242		 Period
1.10.18
to
31.3.20
Total
funds
£
-
9,324,240
1,707,518
4,998,297
98,126
-
16,128,181
7,190,524
1,337,420
3,302,870
3,887,469
15,718,283
409,898
121,097
530,995

The notes form part of these financial statements

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ENABLE LEISURE AND CULTURE (REGISTERED NUMBER: 09487276)

BALANCE SHEET

31 March 2021

Notes
FIXED ASSETS
Tangible assets
10
CURRENT ASSETS
Stocks
11
Debtors
12
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
13
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS
Amounts falling due after more than one year
14
NET ASSETS/(LIABILITIES)
FUNDS
16
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
funds
£
143,732
9,872
1,794,570
2,065,648
3,870,090
(3,002,153)
867,937
1,011,669
(625,000)
386,669		 Restricted
funds
£
-
-
-
101,743
101,743
308,830
410,573
410,573
-
410,573		 31.3.21
Total
funds
£
143,732
9,872
1,794,570
2,167,391
3,971,833
(2,693,323)
1,278,510
1,422,242
(625,000)
797,242
386,669
410,573
797,242		 31.3.20
Total
funds
£
162,596
9,872
1,537,305
776,055
2,323,232
(1,954,833)
368,399
530,995
-
530,995
429,252
101,743
530,995

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

Dec 17, 2021 The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. M H Percy - Trustee

The notes form part of these financial statements

Page 12

ENABLE LEISURE AND CULTURE

CASH FLOW STATEMENT for the Year Ended 31 March 2021

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Sale of intangible fixed assets
Sale of fixed asset investments
Net cash used in investing activities
Cash flows from financing activities
New loans in year
Loan repayments in year
Interest paid
Net cash provided by/(used in) financing activities
Change in cash and cash equivalents in the
reporting period
Cash and cash equivalents at the beginning of
the reporting period
Cash and cash equivalents at the end of the
reporting period		 Year ended
31.3.21
£
728,168
728,168
(86,832)
-
-
(86,832)
750,000
-
-
750,000
1,391,336
776,055
2,167,391		 Period
1.10.18
to
31.3.20
£
651,186
651,186
(156,931)
(1)
1
(156,931)
-
(80,260)
(3,507)
(83,767)
410,488
365,567
776,055

The notes form part of these financial statements

Page 13

ENABLE LEISURE AND CULTURE

NOTES TO THE CASH FLOW STATEMENT for the Year Ended 31 March 2021

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income for the reporting period (as per the Statement of Financial
Activities)
Adjustments for:
Depreciation charges
Loss on disposal of fixed assets
Interest paid
Decrease in stocks
Increase in debtors
Increase in creditors
Net cash provided by operations		 Year ended
31.3.21
£
266,247
105,695
-
-
-
(257,265)
613,491
728,168		 Period
1.10.18
to
31.3.20
£
409,898
148,878
1
3,507
5,238
(218,080)
301,744
651,186

2. ANALYSIS OF CHANGES IN NET FUNDS

Net cash
Cash at bank and in hand
Debt
Debts falling due within 1 year
Debts falling due after 1 year
Total		 At 1.4.20
£
776,055
776,055
-
-
-
776,055		 Cash flow
£
1,391,336
1,391,336
(125,000)
(625,000)
(750,000)
641,336		 At 31.3.21
£
2,167,391
2,167,391
(125,000)
(625,000)
(750,000)
1,417,391

The notes form part of these financial statements

Page 14

ENABLE LEISURE AND CULTURE

NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 March 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

Enable Leisure and Culture Limited 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.

These financial statements cover the period from 1st October 2018 to 31 March 2020, an eighteen month period. The trustees decided to change the year end so that it was in line with the Wandsworth grant's period of operation and renewal, this change is permitted under the Companies Act. Comparative figures are for the twelve months to 30 September 2018.

The financial statements are presented in sterling (£).

Going concern

The Trustees have considered budgets and forecasts in light of the Covid-19 pandemic and are satisfied that there are no material uncertainties to the Company's status as a going concern.

Critical accounting judgements and key sources of estimation uncertainty

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions:

The company makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.

Critical areas of judgment:

Useful economic lives of tangible fixed assets

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are reassessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets.

Accrued income

Represents income generated from sites during the financial year, but not yet received until after the year end. The management's judgment is involved in the estimate of accrual and deferral of income and their completeness.

Deferred income

Represents income generated from sites during the year that did not relate to the financial year. The management's judgment is involved in the estimate of accrual and deferral of income and their completeness.

Holiday pay accrual

Represents amounts due to employees, being untaken holidays for employees as at the year end. The management is required to make judgment on average number of staff, average number of holidays untaken and average number of salaries when calculating this estimated accrual.

Legal form

The charity is a company limited by guarantee. It was registered in England and Wales and the address of its registered office is The Park Offices, Battersea Park, Albert Bridge Road, London, SW11 4NJ. The members of the company are the Trustees named on page 1. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

The charity operates around the Wandsworth area.

Page 15

continued...

ENABLE LEISURE AND CULTURE

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021

1. ACCOUNTING POLICIES - continued

Income

All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Income is recognised to the extent that it is probable that the economic benefits will flow to the Group and the revenue can be reliably measured. Income is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised,

Putney School of Arts and Design

Putney School of Arts and Design income included revenue generated from course fees, sale of arts supplies, and a café. They are recognised in the period to which they relate.

Wellbeing, parks and leisure

Wellbeing, parks and leisure included cremation and burial fees, allotment fees, letting income, project income, and membership fees from different sites and departments within the company. They are recognised in the period to which they relate.

Culture services

Cultural services included letting income, project income, and event entrance fees. They are recognised in the period to which they relate.

Support income

Support income represented rental income of dwellings which are occupied by staff members. They are recognised in the period to which they relate.

Sponsorship & Donations

Sponsorship income is recognised as the company performs the related activity being sponsored. Donations are accounted for when received.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold - 33% on cost
Motor vehicles - 33% on cost
Computer equipment - 33% on cost

All assets costing more than £500 are capitalised.

The Company was gifted 6 motor vehicles upon incorporation. Their net book values are considered to be trivial. A nominal value of £1 per vehicle is introduced on the accounts. They are currently not depreciated.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Page 16

continued...

ENABLE LEISURE AND CULTURE

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021

1. ACCOUNTING POLICIES - continued

Cash at Bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Pensions

Retirement benefits to employees of the Group are provided by the Local Government Pension Scheme (LGPS) as operated by Wandsworth Borough Council. The LGPS is a funded defined benefit pension scheme whose assets are held separately from those of the Group.

The Group operates a risk share approach in relation to pensions with Wandsworth Borough Council. The scheme is fully funded at the commencement date. The company will only be liable for changes to the Employer Contribution Rate if, and to the extent these arise as a result of a 'Concessionaire Decision'. The company will only be liable for accrued deficit at exit if, and, to the extent it arises from a Concessionaire Decision.

Accordingly the Group accounts for pension contributions payable as if the LGPS was a defined contribution pension scheme. A defined contribution plan is a pension plan under which the Group pays fixed contributions into a separate entity. Once the contributions have been paid the Group has no further payment obligations, except as disclosed in the notes to the accounts.

The contributions are recognised as an expense in the Consolidated statement of income and retained earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Group in independently administered funds.

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

continued...

Page 17

ENABLE LEISURE AND CULTURE

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 March 2021

2. INCOME FROM CHARITABLE ACTIVITIES

INCOME FROM CHARITABLE ACTIVITIES
Activity
Charitable activities
Wellbeing, Parks & Leisure
Charitable activities
Putney School of Arts and Design
Charitable activities
Cultural Services
Charitable activities
Support		 Year ended
31.3.21
£
5,371,211
432,701
2,188,353
168,733
8,160,998		 Period
1.10.18
to
31.3.20
£
9,324,240
1,707,518
4,998,297
98,126
16,128,181

3. CHARITABLE ACTIVITIES COSTS

Wellbeing, Parks & Leisure
Putney School of Arts and Design
Cultural Services
Support
4.
DIRECT COSTS OF CHARITABLE ACTIVITIES
Staff costs
Police salaries
Art expenses
Cleaning
Event expenses
Film expenses
Food and consumables
Hire fees
Irrecoverable VAT
Licences and royalties
Light and heat
Memorial, cremation and burial
Repairs and maintenance
Sewerage and water
Sports and leisure services
Sports grants
Advertising and promotion
Agency staff
Bank charges
Business rates
Computer
General admin
Insurances
Sundry establishment costs
Printing and stationery
Staff training
Telephone and fax
Subscriptions
Carried forward		 Direct
Costs (see
note 4)
£
4,770,139
458,932
1,846,274
1,645,582
8,720,927		 Support
costs (see
note 5)
£
-
-
-
67,375
67,375
Year ended
31.3.21
£
4,892,101
4,724
9,576
53,685
(1,333)
11,007
10,735
8,709
441,884
103,706
392,009
200,141
227,483
181,594
1,295,916
5,354
93,595
117,903
22,977
20,382
58,617
187,883
75,664
7,582
11,762
30,354
30,510
27,341
8,521,861		 Totals
£
4,770,139
458,932
1,846,274
1,712,957
8,788,302
Period
1.10.18
to
31.3.20
£
8,098,437
725,892
145,735
323,098
108,641
10,946
259,600
436,355
656,357
113,782
727,289
185,830
506,227
109,703
1,665,072
25,429
187,070
179,809
35,569
53,092
115,147
271,597
113,182
21,879
43,406
78,425
62,827
38,938
15,299,334

continued...

Page 18

ENABLE LEISURE AND CULTURE

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 March 2021

4. DIRECT COSTS OF CHARITABLE ACTIVITIES - continued

Brought forward
Sundry expenses
Staff entertaining
Rent
Transport costs
Exhibitions & Conferences
Provision for doubtful debts
Depreciation
Loss on sale of assets
5.
SUPPORT COSTS
Support
6.
NET INCOME/(EXPENDITURE)		 Year ended
31.3.21
£
8,521,861
9,767
18,491
19,056
37,057
-
9,000
105,695
-
8,720,927		 Period
1.10.18
to
31.3.20
£
15,299,334
67,399
54,788
51,967
44,247
597
-
148,878
1
15,667,211
Governance
costs
£
67,375

Net income/(expenditure) is stated after charging/(crediting):

Year ended
31.3.21
£
Auditors' remuneration
15,900
Depreciation - owned assets
105,696
Deficit on disposal of fixed assets
-		 Period
1.10.18
to
31.3.20
£
23,850
148,878
1

7. TRUSTEES' REMUNERATION AND BENEFITS

No trustees received remuneration or benefits in kind for their services as a trustee during the year (nor for the period ended 31 March 2020). However during the period one trustee received remuneration of £56,170 (2020: £127,646 - two trustees) in their operational capacity.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2021 nor for the period ended 31 March 2020.

8. STAFF COSTS

STAFF COSTS
Wages and salaries
Social security costs
Other pension costs		 Year ended
31.3.21
£
4,181,616
342,359
368,126
4,892,101		 Period
1.10.18
to
31.3.20
£
6,871,547
566,519
660,371
8,098,437

continued...

Page 19

ENABLE LEISURE AND CULTURE

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021

8. STAFF COSTS - continued

The average monthly number of employees during the year was as follows:

Period
1.10.18
Year ended to
31.3.21 31.3.20
Full time equivalent 143 129

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

Period
1.10.18
Year ended to
31.3.21 31.3.20
£60,001 - £70,000 - 7
£70,001 - £80,000 - 2
£80,001 - £90,000 - 1
£110,001 - £120,000 1 1
£120,001 - £130,000 - 1
£160,001 - £170,000 - 1
1 13

During the period, key management personnel, which comprise the trustees, chief executive officer and chief financial officer received remuneration (including pension contributions payable) totalling £221,509.

During the period ended 31 March 2020, key management personnel comprised the trustees, chief executive officer, executive and HR directors and head of PSAD school and received remuneration (including pension contributions payable) totalling 2020: £825,488.

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Wellbeing, Parks & Leisure
Putney School of Arts and Design
Cultural Services
Support
Total
EXPENDITURE ON
Charitable activities
Wellbeing, Parks & Leisure
Putney School of Arts and Design
Cultural Services
Support
Total
NET INCOME
Transfers between funds		 Unrestricted
funds
£
-
9,100,098
1,707,518
4,972,964
98,126
15,878,706
7,011,092
1,337,420
3,273,186
3,887,469
15,509,167
369,539
(4,352)
Restricted
funds
£
-
224,142
-
25,333
-
249,475
179,432
-
29,684
-
209,116
40,359
4,352
Total
funds
£
-
9,324,240
1,707,518
4,998,297
98,126
16,128,181
7,190,524
1,337,420
3,302,870
3,887,469
15,718,283
409,898
-

continued...

Page 20

ENABLE LEISURE AND CULTURE

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 March 2021

9.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
Restricted
funds
funds
£
£
Net movement in funds
365,187
44,711
RECONCILIATION OF FUNDS
Total funds brought forward
64,065
57,032
TOTAL FUNDS CARRIED FORWARD
429,252
101,743
10.
TANGIBLE FIXED ASSETS
Fixtures
Short
and
Motor
Computer
leasehold
fittings
vehicles
equipment
£
£
£
£
COST
At 1 April 2020
64,287
6,099
17,506
294,195
Additions
19,834
-
3,559
63,439
At 31 March 2021
84,121
6,099
21,065
357,634
DEPRECIATION
At 1 April 2020
61,038
1,527
5,748
151,178
Charge for year
12,523
4,247
6,278
82,648
At 31 March 2021
73,561
5,774
12,026
233,826
NET BOOK VALUE
At 31 March 2021
10,560
325
9,039
123,808
At 31 March 2020
3,249
4,572
11,758
143,017
11.
STOCKS
31.3.21
£
Stocks
9,872
12.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.21
£
Trade debtors
1,387,898
Other debtors
22,710
VAT
5,281
Prepayments and accrued income
378,681
1,794,570

continued...

Page 21

ENABLE LEISURE AND CULTURE

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021

13.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 15)
Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred income
14.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Bank loans (see note 15)
15.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank loans
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal
16.
MOVEMENT IN FUNDS
Net
movement
At 1.4.20
in funds
£
£
Unrestricted funds
General fund
266,657
63,112
Fixed Assets
162,595
(105,695)
429,252
(42,583)
Restricted funds
Sports
82,519
75,374
Bench Donations
4,503
-
Parks
14,721
22,403
Arts Council England
-
211,053
101,743
308,830
TOTAL FUNDS
530,995
266,247		 31.3.21
£
125,000
911,264
78,046
48,724
1,530,289
2,693,323
31.3.21
£
625,000
31.3.21
£
125,000
625,000
Transfers
between
funds
£
(86,832)
86,832
-
-
-
-
-
-
-		 31.3.20
£
-
434,353
96,125
100,432
1,323,923
1,954,833
31.3.20
£
-
31.3.20
£
-
-
At
31.3.21
£
242,937
143,732
386,669
157,893
4,503
37,124
211,053
410,573
797,242

continued...

Page 22

ENABLE LEISURE AND CULTURE

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 March 2021

16. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Fixed Assets
Restricted funds
Sports
Parks
Arts Council England
TOTAL FUNDS		 Incoming
resources
£
8,547,564
-
8,547,564
257,415
26,370
223,200
506,985
9,054,549		 Resources
expended
£
(8,484,452)
(105,695)
(8,590,147)
(182,041)
(3,967)
(12,147)
(198,155)
(8,788,302)		 Movement
in funds
£
63,112
(105,695)
(42,583)
75,374
22,403
211,053
308,830
266,247

Comparatives for movement in funds

Unrestricted funds
General fund
Fixed Assets
Restricted funds
Art
Sports
Bench Donations
Parks
TOTAL FUNDS		 Net
At
movement
1.10.18
in funds
£
£
(90,478)
518,418
154,543
(148,879)
64,065
369,539
-
(4,352)
36,587
45,932
4,503
-
15,942
(1,221)
57,032
40,359
121,097
409,898		 Transfers
between
funds
£
(161,283)
156,931
(4,352)
4,352
-
-
-
4,352
-		 At
31.3.20
£
266,657
162,595
429,252
-
82,519
4,503
14,721
101,743
530,995

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Fixed Assets
Restricted funds
Art
Sports
Parks
TOTAL FUNDS		 Incoming
resources
£
15,878,707
(1)
15,878,706
25,332
224,143
-
249,475
16,128,181		 Resources
expended
£
(15,360,289)
(148,878)
(15,509,167)
(29,684)
(178,211)
(1,221)
(209,116)
(15,718,283)
Movement
in funds
£
518,418
(148,879)
369,539
(4,352)
45,932
(1,221)
40,359
409,898

continued...

Page 23

ENABLE LEISURE AND CULTURE

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021

16. MOVEMENT IN FUNDS - continued

Restricted funds

The Art fund, Pump House fund, Sports fund, Health & Wellbeing fun and Parks fund represent amounts restricted to delivering our specific programmes in those areas.

The Bench fund represents donations received in regards to purchasing a commemorative bench in Battersea Park.

Designated funds

The fixed asset fund represents the net book value of assets.

The Education Surplus fund represents net surpluses made by PSAD, which is intended to be used for delivering cultural or sporting education services to the residents of Wandsworth Borough, via our Putney School of Art and Design, or within our Sports and Health & Wellbeing sections.

Transfers between funds

The transfers between funds represent the net book value of assets used by the charity and corrections to brought forward restricted funds, which should not have been shown as restricted.

17.

EMPLOYEE BENEFIT OBLIGATIONS

Retirement benefits to employees of the Group are provided by the Local Government Pension Scheme (LGPS) as operated by Wandsworth Borough Council. The LGPS is a funded defined benefit pension scheme whose assets are held separately from those of the Group.

The Group operates a risk share approach in relation to pensions with Wandsworth Borough Council. The scheme is fully funded at the commencement date. The company will only be liable for changes to the Employer Contribution Rate if, and to the extent these arise as a result of a 'Concessionaire Decision'. The company will only be liable for accrued deficit at exit if, and, to the extent it arises from a Concessionaire Decision.

18. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2021.

19. POST BALANCE SHEET EVENTS

There are no material post balance sheet events.

Page 24

2021-12-20

Final Audit Report

Enable L&C accounts

Created: 2021-12-16 By: Hewitt Warin (luisa.hewitt@hewittwarin.com) Status: Signed Transaction ID: CBJCHBCAABAAf5EL8bt0g7EUbGFmGSM2mdeuxBCiMG5a

"Enable L&C accounts" History

Document created by Hewitt Warin (luisa.hewitt@hewittwarin.com) 2021-12-16 - 11:38:10 GMT- IP address: 82.69.68.83

Document emailed to Christopher Baillieu (chris.baillieu@gmail.com) for signature 2021-12-16 - 11:40:47 GMT

Email viewed by Christopher Baillieu (chris.baillieu@gmail.com) 2021-12-16 - 11:41:14 GMT- IP address: 66.249.93.153

Document e-signed by Christopher Baillieu (chris.baillieu@gmail.com) Signature Date: 2021-12-17 - 15:00:43 GMT - Time Source: server- IP address: 150.143.197.101

Document emailed to Michael Percy (percymh@hotmail.com) for signature 2021-12-17 - 15:00:45 GMT

Email viewed by Michael Percy (percymh@hotmail.com) 2021-12-17 - 19:40:56 GMT- IP address: 86.128.68.115

Document e-signed by Michael Percy (percymh@hotmail.com) Signature Date: 2021-12-17 - 19:41:31 GMT - Time Source: server- IP address: 86.128.68.115

Document emailed to mwbrindley (mwb@brindleyjacob.co.uk) for signature 2021-12-17 - 19:41:32 GMT

Email viewed by mwbrindley (mwb@brindleyjacob.co.uk) 2021-12-20 - 10:38:19 GMT- IP address: 92.8.149.69

Document e-signed by mwbrindley (mwb@brindleyjacob.co.uk) Signature Date: 2021-12-20 - 10:38:42 GMT - Time Source: server- IP address: 92.8.149.69 Agreement completed. 2021-12-20 - 10:38:42 GMT