Charity registration number: 1184779
The Eneida Foundation
Annual Report and Financial Statements
for the Year Ended 31 March 2024
The Eneida Foundation
Contents
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 4 |
| Statement of Trustees' Responsibilities | 5 |
| Independent Auditors' Report | 6 to 9 |
| Statement of Financial Activities | 10 |
| Balance Sheet | 11 |
| Cash Flow Statement | 12 |
| Notes to the Financial Statements | 13 to 20 |
The Eneida Foundation
| Reference and Administrative Details | |
|---|---|
| Trustees | Mr J G J Hart |
| Ms M Melnyk | |
| Mr J C Patton | |
| Charity Registration Number | 1184779 |
| Principal Office | Unit 5 St John's Court |
| Foster Road | |
| Ashford Business Park | |
| Ashford | |
| Kent | |
| TN24 0SJ | |
| Statutory Auditor | Azets Audit Services |
| First Floor | |
| River House | |
| 1 Maidstone Road | |
| Sidcup | |
| Kent | |
| DA14 5RH | |
| Key Management Personnel | Mr J G J Hart |
| Ms M Melnyk | |
| Mr J C Patton | |
| Bankers | National Westminster Bank plc |
| Chatham Customer Service Centre | |
| Western Avenue | |
| Waterside Court | |
| Chatham | |
| Kent | |
| ME4 4RT |
Page 1
The Eneida Foundation
Trustees' Report
The trustees present the annual report together with the financial statements and auditors' of the charity for the year ended 31 March 2024.
The financial statements have been prepared in accordance with the accounting policies set out in the notes to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "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)”.
Objectives and activities
Objects and aims
To relieve financial hardship for the public benefit by providing vital humanitarian aid and education to children, young adults and people affected by conflict.
Objectives, strategies and activities
The main activities are:
1) Provision of critical supplies to vulnerable people displaced by the war in Ukraine;
2) Supporting medical institutions in Ukraine that have come under pressure due to increased demand on their resources caused by the war in Ukraine through the purchase and delivery of medical equipment;
3) Supporting charitable initiatives in Ukraine that provide psychological support to those who have suffered trauma due to the war in Ukraine;
4) Supporting those that have lost limbs due to the war in Ukraine through rehabilitation and the fitting of prosthetics;
5) Supporting educational programs for those affected by the war in Ukraine.
Public benefit
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Grant making policies
The foundation makes grants to organizations that carry out charitable work within the main activities listed above. Grant receiving organizations are checked by external lawyers and virtual or in-person meetings are held with leaders of the recipient organizations by one or more of the trustees of the Foundation to discuss grant usage.
Achievements and performance
The charity has delivered the following assistance over the year:
-
1) GBP 1,200,660 of medical equipment delivered to hospitals across Ukraine;
-
2) GBP 179,914 on psychological and educational programs in Ukraine;
-
3) GBP 625,035 on food parcels for vulnerable and/or displaced persons.
4) The foundation worked with a number of institutions to install approximately 80 soft prosthetics to assist in the rehabilitation of those who have lost their lower arm.
Financial review
The net income for the year was £199,989 (2023 - £973,157). Details of income and expenditure are shown on page 10 and notes 2 - 6.
Page 2
The Eneida Foundation
Trustees' Report (continued)
Reserves policy
It is the policy of the trustees that unrestricted funds which have not been designated for a specific use, or are designated to cover overheads, should be maintained at a level equivalent to at least 10% of one year’s unrestricted fund expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This is a direct result of the charity's overhead expenditure being so low. This level of reserves has been maintained throughout the year.
Based on 2024 results, this would equate to approximately £217,620 (2023: £121,754). As at 31 March 2024, the general unrestricted funds of the charity available for day-to-day use were £1,193,613 (2023: £976,862) which the trustees consider sufficient for this purpose. The level of unrestricted funds at 31 March 2024 far exceeded the minimum target level.
Risk management
The trustees have reviewed the major risks to which the charity is exposed and systems have been established to mitigate these risks. The key risk is the misappropriation of aid. For this reason the foundation purchases food and medical equipment and donates such items directly instead of providing grants in the form of monetary donations. Furthermore, the charity’s volunteers and solicitors in Ukraine visit grant recipients in person to ensure proper use of donations.
Structure, governance and management
The charity is a charitable incorporated organisation - foundation registered on 6th August 2019.
The trustees who served during the year and up to the date of signature of signing the financial statements were: Mr J G J Hart Ms W Hart (resigned 26 April 2023) Ms K E Price (resigned 15 January 2025) Ms M Melnyk Mr J C Patton
The governing document is the Foundation’s constitution as amended 29 March 2022. Trustee appointment in the constitution is as follows:
Section 17. The CIO shall have a Board of Trustees comprising at least 3 persons. Section 18. (a) New Trustees may be recruited to the Board at any time by the Trustees. In selecting individuals for appointment as Trustees, the Trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.
Section 18. (b) The Trustees may, by and from their number and from time to time, elect such officers (chair, secretary, treasurer) as they see fit.
Trustees are chosen based on their experience, including diversity of experience, and ability to commit time to oversee the Foundation’s activities. See additional section on expansion above in relation to appointment of new trustees in response to changing needs being met by the Foundation. Upon appointment the trustees are taken through the Foundation’s projects and financial position and familiarized with the policies. The Trustees aim to meet four times per year but communicate regularly in any case as matters arise.
Page 3
The Eneida Foundation
Trustees' Report (continued)
Going concern
The trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt a going concern basis in preparing the annual financial statements.
Further details regarding the adoption of the going concern basis can be found in note 1 to the financial statements.
Disclosure of information to auditor
Each trustee has taken steps that they ought to have taken as a trustee in order to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information. The trustees confirm that there is no relevant information that they know of and of which they know the auditor is unaware.
30.01.2025 The annual report was approved by the trustees of the charity on .................... and signed on its behalf by:
......................................... Mr J G J Hart Trustee
Page 4
The Eneida Foundation
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities 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 charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Page 5
The Eneida Foundation
Independent Auditor's Report to the Trustees of The Eneida Foundation
Opinion
We have audited the financial statements of The Eneida Foundation (the 'charity') for the year ended 31 March 2024, which comprise the Statement of Financial Activities, Balance Sheet, 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 United Kingdom Accounting Standards, comprising Charities SORP - FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and applicable law (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
-
give a true and fair view of the state of the charity's affairs as at 31 March 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-
have been prepared in accordance with the requirements of the Charities Act 2011.
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 auditor responsibilities for the audit of the financial statements section of our report. We are independent of the charity 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 charity's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were 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 other information comprises the information included in the trustees' report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.
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 course of 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.
Page 6
The Eneida Foundation
Independent Auditor's Report to the Trustees of The Eneida Foundation (continued)
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Charities (Accounts and Report) Regulations 2008 requires us to report to you if, in our opinion:
-
the information given in the trustees' report is inconsistent in any material respect with the financial statements; or
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sufficient accounting records have not been kept; or
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the financial statements are not in agreement with the accounting records; or
-
we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the Statement of Trustees' Responsibilities (set out on page 5), the trustees 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 charity'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 charity or to cease operations, or have no realistic alternative but to do so.
Auditor Responsibilities for the audit of the financial statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
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 an auditor’s report 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.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Page 7
The Eneida Foundation
Independent Auditor's Report to the Trustees of The Eneida Foundation (continued)
Extent to which the audit was considered capable of detecting irregularities, including fraud
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council’s website, to detect material misstatements in respect of irregularities, including fraud.
We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.
In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included:
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Enquiry of management and those charged with governance around actual and potential litigation and claims as well as actual, suspected and alleged fraud;
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Reviewing minutes of meetings of those charged with governance;
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Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the company through enquiry and inspection;
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Reviewing financial statement disclosures and testing to support documentation to assess compliance with applicable laws and regulations;
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Performing audit work over the risk of management bias and override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for indicators of potential bias.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Page 8
The Eneida Foundation
Independent Auditor's Report to the Trustees of The Eneida Foundation (continued)
Use of our report
This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s 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 charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.
...................................... Azets Audit Services (Statutory Auditor)
First Floor River House 1 Maidstone Road Sidcup Kent DA14 5RH
30.01.2025 Date:.............................
Azets Audit Services is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.
Page 9
The Eneida Foundation
Statement of Financial Activities for the Year Ended 31 March 2024
| Note Income Donations 2 Investment income 3 Total income Expenditure on: Charitable activities 4 Total expenditure Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 11 Note Income Donations 2 Total income Expenditure on: Charitable activities 4 Total expenditure Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 11 |
Unrestricted funds £ 2,392,950 2 2,392,952 (2,176,201) (2,176,201) 216,751 976,862 1,193,613 Unrestricted funds £ 2,173,932 2,173,932 (1,217,537) (1,217,537) 956,395 20,467 976,862 |
Restricted funds £ 400 - 400 (17,162) (17,162) (16,762) 16,762 - Restricted funds £ 365,955 365,955 (349,193) (349,193) 16,762 - 16,762 |
Total 2024 £ 2,393,350 2 |
|---|---|---|---|
| 2,393,352 | |||
| (2,193,363) | |||
| (2,193,363) | |||
| 199,989 993,624 |
|||
| 1,193,613 | |||
| Total 2023 £ 2,539,887 |
|||
| 2,539,887 | |||
| (1,566,730) | |||
| (1,566,730) | |||
| 973,157 20,467 |
|||
| 993,624 |
All of the charity's activities derive from continuing operations during the above two periods.
The notes on pages 13 to 20 form an integral part of these financial statements. Page 10
The Eneida Foundation
(Registration number: 1184779) Balance Sheet as at 31 March 2024
| Note Current assets Debtors 9 Cash at bank and in hand Creditors: Amounts falling due within one year 10 Net assets Funds Restricted funds 11 Unrestricted funds Total funds 11 |
2024 £ - 1,227,290 1,227,290 (33,677) 1,193,613 - 1,193,613 1,193,613 |
2023 £ 14,663 997,041 |
|---|---|---|
| 1,011,704 (18,080) |
||
| 993,624 | ||
| 16,762 976,862 |
||
| 993,624 |
The financial statements on pages 10 to 20 were approved by the trustees, and authorised for issue on .................... and signed on their behalf by:30.01.2025
......................................... Mr J G J Hart Trustee
The notes on pages 13 to 20 form an integral part of these financial statements. Page 11
The Eneida Foundation
Cash Flow Statement for the Year Ended 31 March 2024
| Note Cash flows from operating activities Cash absorbed by operations Adjustments to cash flows from non-cash items Investment income 3 Working capital adjustments Decrease/(increase) in debtors 9 Increase in creditors 10 Net cash flows from operating activities Cash flows from investing activities Interest receivable and similar income 3 Net increase in cash and cash equivalents Cash and cash equivalents at 1 April Cash and cash equivalents at 31 March |
2024 £ 199,989 (2) 199,987 14,663 15,597 230,247 2 230,249 997,041 1,227,290 |
2023 £ 973,157 - |
|---|---|---|
| 973,157 (14,663) 11,991 |
||
| 970,485 - |
||
| 970,485 26,556 |
||
| 997,041 |
The notes on pages 13 to 20 form an integral part of these financial statements. Page 12
The Eneida Foundation
Notes to the Financial Statements for the Year Ended 31 March 2024
1 Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
The Eneida Foundation meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
Going concern
At the time of approving the financial statements the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
Key sources of estimation uncertainty
There are no key assumptions or areas of estimation uncertainty within the financial statements to be disclosed.
Income
Voluntary income including donations, gifts and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Donations
Donations are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
Grants receivable
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
Investment income
Interest 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.
Page 13
The Eneida Foundation
Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources. Other support costs are allocated based on the spread of staff costs.
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Grant provisions
Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Governance costs
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.
Irrecoverable VAT
Irrecoverable VAT is charged against the category of resources expended for which it was incurred.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Debtors
Other debtors are recognised at the transaction price.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Page 14
The Eneida Foundation
Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Other creditors are recognised at the transaction price.
Fund structure
Unrestricted funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
2 Income from donations
| Donations Grants |
Unrestricted funds General £ 992,950 1,400,000 2,392,950 |
Restricted funds £ 400 - 400 |
Total Unrestricted funds 2024 £ General £ 993,350 2,173,932 1,400,000 - 2,393,350 2,173,932 |
Restricted funds £ 345,976 19,979 365,955 |
Total 2023 £ 2,519,908 19,979 |
|---|---|---|---|---|---|
| 2,539,887 |
Page 15
The Eneida Foundation
Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)
3 Investment income
| Interest receivable and similar income; Other interest receivable |
Unrestricted funds 2024 £ 2 2 |
Unrestricted funds 2023 £ - |
|---|---|---|
| - |
4 Expenditure on charitable activities
| Note Donations of medical equipment Donations of humanitarian aid Donations of prosthetics Donations of generators Delivery and transport costs Advertising Legal and professional fees Bank charges Foreign currency losses Governance costs 5 Grant funding of activities 6 Note Unrestricted funds Restricted funds 11 |
Direct costs 1,229,453 660,624 2,801 - 16,746 6,905 26,669 3,171 31,696 - 191,034 2,169,099 2,151,937 17,162 2,169,099 |
Support costs - - - - - - - - - 24,264 - 24,264 24,264 - 24,264 |
Total 2024 1,229,453 660,624 2,801 - 16,746 6,905 26,669 3,171 31,696 24,264 191,034 2,193,363 2,176,201 17,162 2,193,363 |
Direct costs 637,670 325,491 4,682 261,053 49,554 5,017 1,605 1,655 11,435 - 254,540 1,552,702 1,203,509 349,193 1,552,702 |
Support costs - - - - - - - - - 14,028 - 14,028 14,028 - 14,028 |
Total 2023 637,670 325,491 4,682 261,053 49,554 5,017 1,605 1,655 11,435 14,028 254,540 |
|---|---|---|---|---|---|---|
| 1,566,730 | ||||||
| 1,217,537 349,193 |
||||||
| 1,566,730 |
Page 16
The Eneida Foundation
Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)
5 Analysis of governance and support costs
Governance costs
| Auditors fee Accountancy fees |
Unrestricted funds 2024 £ 18,096 6,168 24,264 |
Unrestricted funds 2023 £ 9,000 5,028 |
|---|---|---|
| 14,028 |
6 Grant-making
Grants to institutions
| Masha Foundation BGV Illia Hrabar Charitable Foundation Kyiv Mohyla Foundation of Ukraine Rebryk Foundation Ukrainian Medical Mission Non-Governmental Organisation Other RAZOM The Alex Lewis Trust Ty neodna Shelter Ternopli Unia Ophthalmica Help Kid Help from Turkey |
Restricted funds 2024 £ - - - - - 2,199 - - - - - - - - 2,199 |
Unrestricted funds 2024 £ 52,279 50,048 35,844 27,314 15,150 4,538 3,662 - - - - - - - 188,835 |
Total funds 2024 £ 52,279 50,048 35,844 27,314 15,150 6,737 3,662 - - - - - - - 191,034 |
Unrestricted funds 2023 £ - 77,172 - - - - 4,129 90,385 35,000 21,111 11,889 6,900 5,015 2,939 254,540 |
Total funds 2023 £ - 77,172 - - - - 4,129 90,385 35,000 21,111 11,889 6,900 5,015 2,939 |
|---|---|---|---|---|---|
| 254,540 |
7 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
Page 17
The Eneida Foundation
Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)
8 Taxation
The charity is a registered charity and is therefore exempt from taxation.
9 Debtors
| 9 Debtors |
||
|---|---|---|
| VAT recoverable Other debtors 10 Creditors: amounts falling due within one year Trade creditors Accruals |
2024 £ - - - 2024 £ 15,077 18,600 33,677 |
2023 £ 4,700 9,963 |
| 14,663 | ||
| 2023 £ 6,080 12,000 |
||
| 18,080 |
Page 18
The Eneida Foundation
Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)
| 11 Funds Unrestricted funds Unrestricted Restricted funds Donations of medical equipment Donations of humanitarian aid Donations of prosthetics Total restricted funds Total funds Unrestricted funds General Unrestricted Restricted Donations of medical equipment Donations of humanitarian aid Donations of prosthetics Total restricted funds Total funds |
Balance at 1 April 2023 £ 976,862 11,762 - 5,000 16,762 993,624 Balance at 1 April 2022 £ 20,467 - - - - 20,467 |
Incoming resources £ 2,392,952 - 400 - 400 2,393,352 Incoming resources £ 2,173,932 301,800 59,155 5,000 365,955 2,539,887 |
Resources expended £ (2,176,201) (11,762) (400) (5,000) (17,162) (2,193,363) Resources expended £ (1,217,537) (290,038) (59,155) - (349,193) (1,566,730) |
Balance at 31 March 2024 £ 1,193,613 - - - |
|---|---|---|---|---|
| - | ||||
| 1,193,613 | ||||
| Balance at 31 March 2023 £ 976,862 11,762 - 5,000 |
||||
| 16,762 | ||||
| 993,624 |
Donations of medical equipment: These funds have been donated for the purchase and onward donation of medical equipment for hospitals.
Donations of humanitarian aid: These funds have been donated specifically to provide humanitarian aid, including, but not limited to, food supplies, medical supplies, shelter.
Donations of prosthetics: These funds have been donated specifically to aid assist the provision of prosthetics and support amputees.
Page 19
The Eneida Foundation
Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)
12 Analysis of net assets between funds
| 12 Analysis of net assets between funds | |||
|---|---|---|---|
| Current assets Current liabilities Total net assets Current assets Current liabilities Total net assets |
Unrestricted funds General £ 1,227,290 (33,677) 1,193,613 Unrestricted funds General £ 994,942 (18,080) 976,862 |
Restricted funds £ - - - Restricted funds £ 16,762 - 16,762 |
Total funds at 31 March 2024 £ 1,227,290 (33,677) |
| 1,193,613 | |||
| Total funds at 31 March 2023 £ 1,011,704 (18,080) |
|||
| 993,624 |
13 Related party transactions
The charity used the services of the brother-in-law of one of the trustees as a local contractor in Ukraine. He charged £5,002 (2023 - £166) for his services in the year, and there were no amounts outstanding at the year end (2023 - £nil).
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