**REGISTERED CHARITY NUMBER: 1195422**
**REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR S.E.N.T**
**S.E.N.T**
**CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 March 2025**
||Page|
|---|---|
|Report of the Trustees|1 to 4|
|Report of the Independent Examiners|5|
|Statement of Financial Activities|6|
|Statement of Financial Position|7|
|Notes to the Financial Statements|8 to 16|
**S.E.N.T**
## **REPORT OF THE TRUSTEES for the Year Ended 31 March 2025**
The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. 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).
## **OBJECTIVES AND ACTIVITIES**
The objectives of the charity are:
- 1) The prevention or relief of poverty worldwide for the public benefit, through but not limited to:
- a. The provision of advice, resources and services; and
- b. The provision of food and fuel banks to those in need.
- 2) The advancement of education for the public benefit through the establishment, assistance and support of facilities for education.
- 3) To preserve and protect the physical and mental health of victims of domestic violence through such support as the trustees deem appropriate.
## **Public benefit**
The charity's trustees have complied with the duty in section 17 of the Charities Act 2011 to have due regard to Public Benefit guidance published by the Charity Commission. In planning the activities for the year, the trustees ensure that this is in line with this guidance.
## **ACHIEVEMENT AND PERFORMANCE**
## **Commencement of charitable activities**
On 1[st] April 2022 the Social Action activities of Jubilee Church London Ltd (Charity no. 1160372) were gifted to S.E.N.T in order to increase capacity and to help our social initiatives reach their full potential. Whilst Jubilee Church London continues to support the social action work of the charity, the long term aim for the charity is for it to be able to be self supporting in the years to come.
## **Charitable activities**
**S.E.N.T.** manages and operates several social action programmes that provide dignity, support, and empowerment to those who need it most in Enfield, London, and beyond. Those who interact with our programmes find both care and love, as well as very practical support that improves their lives. S.E.N.T is run by a small and dedicated staff team supported by more than 100 local volunteers.
From April to October 2024, **S.E.N.T.** took part in a programme called The Hub Accelerator run by ‘Love Your Neighbour’ (a charity which forms part of the Church Revitalisation Trust). The Hub Accelerator is a training programme designed to upskill charities in social transformation, covering topics such as theory of change, strategy, partnerships, volunteers, governance, and fundraising.
Page 1
**S.E.N.T**
## **REPORT OF THE TRUSTEES for the Year Ended 31 March 2025**
The main programmes running throughout the year were as follows:
## **Foodbank**
The **North Enfield Foodbank** , run in partnership with the Trussell Trust, since its launch in 2012, continued to operate every week from Jubilee Central. The Foodbank provides emergency food for local people and families in need in the London Borough of Enfield.
This year, 151,000 meals were provided, representing 107 tonnes of food. A total of 16,810 people received meals (10,174 adults and 6,636 children).
Foodbank is supported throughout the year with generous donations of food, resources and time from individuals and organisations from within Enfield.
## **Warehouse**
In October 2024 building work began at Jubilee Central in order to expand and improve the space available. This meant that the food had to be moved into a new warehouse, which the church had taken on. The Foodbank continued to work from the container from October to January, although it was not possible to run the cafe for these months. As areas of the building were completed, work was able to be continued in the training room and the café was brought back in February. The team worked well through some challenging circumstances.
## _**Foodbank Client Testimonials:**_
_" I felt cared for and significant and I felt peace here, was feeling extremely low. They were just very warm"_
_"Thank you, this is more than a foodbank, it's a life changer, a hope, a light at the end of a tunnel, a blessing from the creator"_
_"I am a single mum to 3 girls and struggling financially at the moment. Thanks to the foodbank I am able to feed myself and my kids"_
_"I am a pensioner who right now is struggling both financially and everyday life. Sometimes I find it quite hard to cope. I appreciate that I am able to come here"_
_"I am grateful to the FB since I have been financially in debt as well as being diagnosed with cancer and back ache. They are there for my family, especially my children"_
Page 2
**S.E.N.T**
## **REPORT OF THE TRUSTEES for the Year Ended 31 March 2025**
Foodbank continued to operate a cafe for its clients, making visits to the foodbank a more pleasant experience for clients whilst also improving our signposting and referrals to other organisations that can support them with longer-term solutions to their crisis. At each cafe session, Foodbank has continued to run advice service booths to offer more holistic help and a pathway out of poverty.
The following additional services have been made available at the Enfield Food bank and at Jubilee Central.
## **Citizens Advice Bureau**
CAB provides information to assist people with legal, debt, consumer and housing problems.
## **NEA Energy Advice**
NEA helps people with their fuel bills and provides advice on keeping warm.
## **Enfield Debt Centre**
The Debt Centre provides support, advice and solutions for those in financial difficulties and debt.
## **NHS Muscular Skeletal Team**
MSK team assess and treats muscle and joint problems.
## **Enfield Housing Team**
The housing team provide housing advice and help as needed for Foodbank clients
## **We Work**
A scheme to help those with mental health issues get back into work.
## **Enfield Debt Centre**
The Enfield Debt Centre, in partnership with CMA ran throughout the year providing a debt service for people in Enfield. The Debt Centre continues to be a much-needed support to many people in the local community
In particular supporting those who need additional help to navigate their way out of debt and associated challenges.
. Throughout the year, people received help, support and assistance in debt relief. Debt Centre has a total of 55 current live referrals, 22 of which are new referrals accepted from local agencies this year. Total debt held by the people helped through the year was £618,840.
## **Enfield Fuel Bank**
Working in partnership with the Fuel Bank Foundation, the Enfield fuel bank was launched in February 2021 to help as many people as possible benefit from fuel crisis support, so that fewer people are left without access to domestic gas and electricity. Referrals come from various third-party referral organisations. During the year, 320 vouchers were issued to those suffering from fuel poverty.
## **SMART Recovery**
This recovery programme, launched in August 2022, was set up to support people on their journey of recovery from addiction. This year, 42 people attended our regular meetings.
## _**Smart Client Testimonials:**_
_“I have attended the Smart recovery meeting since February 2023. The meetings have helped me a great deal on my road to recovery. I have found sharing the meeting with people experiencing similar circumstances very helpful with my own problems. Over the years I have attended numerous ways to address my problems without success, but attending Tilly's meetings has been very beneficial and I have not relapsed.”_
## **Citizens Advice Bureau**
North Enfield Foodbank continues to partner with Citizens Advice Bureau. This year, 211 clients visited the Citizen Advice Bureau drop-in sessions at the Foodbank. The Total calculated income gain for the clients was £328,972.
## **M6:8 Project**
A decision was made during the year to close the M6:8 Project in order to focus on other areas of need. SENT continues to help victims of domestic abuse as part of the wider activities.
Page 3
**S.E.N.T**
**REPORT OF THE TRUSTEES for the Year Ended 31 March 2025**
## **Henry’s House**
Henry’s House provides supported accommodation for individuals leaving prison who do not have a fixed address. The project commenced in April 2024.
During the year, three residents were accommodated, with the first resident moving in during May 2024. Ongoing contact has been maintained with this individual, who has since secured full-time employment and moved into privately rented accommodation. Notably, this was the first Christmas the individual had spent outside of prison in seven years.
In the first year the project was supported by three part-time volunteers who assist with resident support work.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a constitution and constitutes a charitable incorporated organisation.
## **Organisational structure and relationship with Jubilee Church London**
The trustees meet quarterly and have overall legal and financial responsibility for the Charity and are responsible for approving the budgets and monitoring on-going financial performance against the set budgets.
Jubilee Church London Ltd was originally responsible for the operation of the social action activities of SENT which have now transferred to this charity. SENT maintain a close working relationship with Jubilee Church London and share physical and human resources. All activities and financial management is being operated by staff employed by Jubilee Church London who are seconded to SENT.
## **FINANCIAL REVIEW**
Income for the year totalled £271K which represents grants from funders, gifts from Jubilee Church London, other local churches, organisations, and individuals to directly support the work of the charity. Total expenditure for the year was £345K, this represents costs incurred directly to support of beneficiaries as well as support costs.
Total deficit for the year was £74K, which deducted from the surplus brought forward leaves reserves of £78K, which are represented by net current assets of £46K and tangible fixed assets of £32K.
The was a reduction in income in the current year was a temporary position when the charity was between the closure of one grant funding contract and the beginning of another. From 1[st] April 2026 three years of funding from the National Lottery and other funders has been secured at £100K per annum. Jubilee Church London continues to support the charity with both financial and practical needs and has confirmed their continued support for an additional period of two years.
## **Reserves Policy**
It is the charity’s policy to keep three months predicted expenditure as a reserve. Since the majority of projects within the charity are restricted funds, these funds are kept within restricted funds, but are those not invested in fixed assets. Three months reserves amount to £82,500. The charity currently does not hold this level in its reserves.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1195422
## **Principal address**
Jubilee Church 2 Lumina Way Enfield EN1 1FS
## **Trustees**
S Emsley P Okenabirhie O Itoje (appointed 8.5.24) M Legg
09 Feb 2026
The financial statements were approved by the Board of Trustees on ............................................. and were signed on its behalf by:
............................................. S Emsley (Feb 9, 2026, 4:23pm) Stuart Emsley -Trustee
Page 4
## INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
## S.E.N.T
Independent examiner's report to the trustees of S.E.N.T.
I report to the charity trustees on my examination of the accounts of S.E.N.T for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the charity's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
## Independent examiner's statement
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England & Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Michael Cooper-Davis FCCA ACA Price Baily LLP Chartered Accountants 24 Old Bond Street London W1S 4AP
## 10 Feb 2026
Date: .............................................
Page 5
**S.E.N.T**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **for the Year Ended 31 March 2025**
|Notes
**INCOME AND**
**ENDOWMENTS FROM**
Donations and legacies
2
**Charitable activities**
4
Charitable activities
Investment income
3
**Total**
**EXPENDITURE ON**
**Charitable activities**
5
Charitable activities
**Total**
**NET**
**(EXPENDITURE)/INCOME**
**Transfers between funds**
**Net movement in funds**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED**
**FORWARD**
|Unrestricted
funds
£
1,508
-
622
2,130
42,375
42,375
(40,245)
40,245
-
-
-|Restricted
funds
£
234,678
25,252
8,639
268,569
302,813
302,813
(34,244)
(40,245)
(74,489)
152,358
77,869|31.3.25
Total
funds
£
236,186
25,252
9,261
270,699
345,188
345,188
(74,489)
-
(74,489)
152,358
77,869|31.3.24
Total
funds
£
342,164
-
4,419
346,583
339,068
339,068
7,515
-
7,515
144,843
152,358|
|---|---|---|---|---|
Page 6
**S.E.N.T.**
## **STATEMENT OF FINANCIAL POSITION**
## **At 31 March 2025**
|Notes
**FIXED ASSETS**
Tangible assets
12
Investments
13
**CURRENT ASSETS**
Debtors
14
Cash at bank
**CREDITORS**
Amounts falling due within one
year
15
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS**
**CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS**
16
Restricted funds:
North Enfield Foodbank
Fuel Bank
Foodbank Vehicle
**TOTAL FUNDS**|Unrestricted
funds
£
-
-
-
-
-
-
-
-
-
-|
Restricted
funds
£
16,603
15,000
31,603
99,888
22,431
122,319
(76,053)
46,266
77,869
77,869|31.3.25
Total
funds
£
16,603
15,000
31,603
99,888
22,431
122,319
(76,053)
46,266
77,869
77,869
50,098
27,769
2
77,869|31.3.24
Total
funds
£
5,519
-
5,519
309,897
-
309,897
(163,058)
146,839
152,358
152,358
119,070
27,769
5,519
152,358|
|---|---|---|---|---|
09 Feb 2026
The financial statements were approved by the Board of Trustees on ............................................. and were signed on its behalf by:
............................................. S Emsley (Feb 9, 2026, 4:23pm) Stuart Emsley -Trustee
Page 7
**S.E.N.T**
## **NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 March 2025**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
The financial statements are presented in sterling (£).
## **Assessment of going concern**
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. Funding has been secured from the National Lottery and other grant funders in the region of £100K per annum, for a minimum of three years. The partnership SENT enjoy with Jubilee Church London Ltd, who financially support the work of the charity, continues and the trustees of Jubilee Church London have confirmed that they intend to continue to support the work of SENT through financial and practical methods for a minimum period of two years.
## **Critical accounting judgements and key sources of estimation uncertainty**
In preparing financial statements it is necessary to make certain judgements, estimated and assumptions that affect the amounts recognised in the financial statements. The following judgements and estimates are considered by the trustees to have most significant effect on amounts recognised in the financial statements.
Useful economic life 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.
## **Income**
## Recognition of income
These are included in the Statement of Financial Activities (SOFA) when:
- The charity becomes entitled to the resources;
- The trustees consider it probable that they will receive the resource;
- The monetary value can be measured with sufficient reliability
## Donations
Donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
## Tax reclaims on individual donations
Income from tax reclaims are included in the SOFA at the same time as the donations to which they relate.
## Investment income
This is included in the accounts when receivable.
## **Expenditure**
All expenditure is accounted for on an accruals basis and, in accordance with the requirements of the SORP, and has been classified under headings that aggregate all costs relating to that category.
Page 8
**S.E.N.T**
**NOTES TO THE FINANCIAL STATEMENTS - CONTINUED for the Year Ended 31 March 2025**
## **1. ACCOUNTING POLICIES – continued**
## **Donated food**
The charity benefits from donations of food which are distributed as part of its charitable activities. Food donations are high-volume, low-value items, which together with the impact of maintaining a detailed stock control system, renders the initial valuation of every donation impractical.
As the charity does not sell donated food and the items have ‘nil’ value when given to the beneficiaries as they are frequently close to or past sell by dates, the trustees consider that donated food has a nil value when distributed hence no corresponding sums of expenditure are recognised in the accounts.
## **Tangible fixed assets**
Depreciation is provided on tangible fixed assets and rates are calculated to write off the cost of each asset evenly over its expected useful life, as follows;
Motor vehicles - over 3 years Furniture and fittings - over 3 years
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Debtors**
Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid.
## **Cash at bank**
Cash at bank includes current bank accounts and deposit bank accounts with no withdrawal limitations.
## **Investments**
Investments represent a fixed two year deposit with Green Pastures, a housing charity. The sum is invested at an interest rate of 5%, which is paid quarterly into the charity’s bank account.
## **Creditors**
Creditors are recognised where the charity has a present obligation resulting from a past event that will result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are recognised at their settlement amount
## **Fund accounting**
## Restricted funds
The restricted funds are available for expenditure on specific projects in accordance with the donors' directions.
## General funds
These are unrestricted funds available to the Church for everyday operations.
## **Pension costs and other post-retirement benefits**
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **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 settled 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.
Page 9
**S.E.N.T**
## **NOTES TO THE FINANCIAL STATEMENTS - CONTINUED for the Year Ended 31 March 2025**
## **2. DONATIONS AND LEGACIES**
|Unrestricted
funds
£
Gifts and donations
1,508
Grants
-
Donations from Jubilee Church London Ltd
-
1,508
**3.**
**INVESTMENT INCOME**
Unrestricted
funds
£
Deposit account interest
622
**4.**
**INCOME FROM CHARITABLE ACTIVITIES**
Henry’s House income
In 2025, all income from charitable activities is restricted.
**5.**
**CHARITABLE ACTIVITIES COSTS**
Charitable activities
Charitable activities|
Restricted
funds
£
69,795
164,883
-
234,678
Restricted
funds
£
8,639
Direct
Costs (see
note 6)
£
345,081
Direct
Costs (see
note 6)
£
339,068|2025
Total
funds
£
71,303
164,883
-
236,186
2025
Total
Funds
£
9,261
2025
£
25,252
Support
costs (see
note 7)
£
110
Support
costs (see
note 7)
£
-|2024
Total
funds
£
99,497
115,895
126,772
342,164
202 4
Total
Funds
£
4,419
2024
£
-
2025
Totals
£
345,191
2024
Totals
£
339,068|
|---|---|---|---|
Page 10
**S.E.N.T**
## **NOTES TO THE FINANCIAL STATEMENTS - CONTINUED for the Year Ended 31 March 2025**
## **6. DIRECT COSTS OF CHARITABLE ACTIVITIES**
|Staff costs
Rent
Communication costs
Printing and stationery
Training costs
Equipment
Conference costs
Insurance
Travelling
Licence fees & subscriptions
Premises expenses
Miscellaneous motor expenses
Refreshments and catering
Citizens Advice Advisor
Professional fees
Website hosting
Repairs and renewals
Gifts and donations paid
Independent examiners fee
Depreciation
**7.**
**SUPPORT COSTS**
Charitable activities – Financials
**8.**
**INDEPENDENT EXAMINERS REMUNERATION**
Independent examiners fee|2025
£
165,053
33,012
1,847
150
450
12,126
333
3,598
1,996
1,736
45,268
5,486
1,192
27,895
10,640
873
6,851
13,577
4,800
8,195
345,081
2025
£
110
2025
£
4,800|2024
£
175,626
33,543
916
159
409
16,820
310
2,574
1,411
2,192
175
4,039
2,687
33,868
1,600
650
-
54,172
2,400
5,517
339,068
2024
£
-
2024
£
2,400|
|---|---|---|
||||
## **9. TRUSTEES' REMUNERATION AND BENEFITS**
## **Trustees' remuneration and benefits**
There were no trustees’ remuneration or other benefits paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
## **Trustees' expenses**
There were no trustees’ expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Page 11
**S.E.N.T**
## **NOTES TO THE FINANCIAL STATEMENTS - CONTINUED for the Year Ended 31 March 2025**
## **10. STAFF COSTS**
|Wages and salaries
Social security costs
Other pension costs|2025
£
£
144,498
12,417
8,138
165,053|2024
157,799
10,303
7,524|
|---|---|---|
|||175,626|
No employee earned in excess of £60,000 per annum.
The average monthly number of full time equivalent employees during the year was as follows:
|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
funds
£
**INCOME AND**
**ENDOWMENTS FROM**
Donations and legacies
36,438
Investment income
-
**Total**
36,438
**EXPENDITURE ON**
**Charitable activities**
Charitable activities
36,438
**Total**
36,438
**NET**
**INCOME/(EXPENDITURE)**
-
**Transfers between funds**
-
**Net movement in funds**
-
**RECONCILIATION OF**
**FUNDS**
Total funds brought forward
-
**TOTAL FUNDS CARRIED**
**FORWARD**
-||2025
5
Restricted
funds
£
305,726
4,419
310,145
302,630
302,630
7,515
-
7,515
144,843
152,358||2024
5
Total
funds
£
342,164
4,419
346,583
339,068
339,068
7,515
-
7,515
144,843
152,358|
|---|---|---|---|---|
||||||
||||||
||||||
||||||
||||||
||||||
## **11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Page 12
**S.E.N.T**
## **NOTES TO THE FINANCIAL STATEMENTS - CONTINUED for the Year Ended 31 March 2025**
## **12. TANGIBLE FIXED ASSETS**
|||Furniture|
Motor|
Motor|||
|---|---|---|---|---|---|---|
|||and fittings|
Vehicles|||Totals|
|||£||£||£|
||**COST**||||||
||At 1 April 2024|-|16,553|||16,553|
||Additions|19,278||-||19,278|
||At 31 March 2025|19,278|16,553|||35,831|
||**DEPRECIATION**||||||
||At 1 April 2024|-|11,034|||11,034|
||Charge for year|2,677||5,517||8,194|
||At 31 March 2025|2,677|16,551|||19,228|
||**NET BOOK VALUE**||||||
||At 31 March 2025|16,601||2||16,603|
||At 31 March 2024|-||5,519||5,519|
|**13.**|**INVESTMENTS**||||||
||||2025||2024||
||||£||£||
||Green Pastures – 2 year deposit||15,000||-||
||||15,000||-||
|**14.**|**DEBTORS**||||||
||||2025||2024||
||||£||£||
||Cash balances held by other organisations||97,388|
309,897|||
||Payments in advance||2,500||-||
||||99,888|309,897|||
|**15.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||||
||||2025||2024||
||||£||£||
||Deferred income||-|124,104|||
||Accounts payable and accrued expenses||76,053||38,954||
||||76,053|163,058|||
||Deferred income related to the Trussell Trust grant income which has been spent in the financial year.||||||
||**Deferred income**||||||
||||2025||2024||
||||£||£||
||As at 1 April||124,104||-||
||Released from prior year|(124,104)|||-||
||Deferred in the year||-|124,104|||
||As at 31 March||-|124,104|||
Page 13
**S.E.N.T**
## **NOTES TO THE FINANCIAL STATEMENTS - CONTINUED for the Year Ended 31 March 2025**
## **16. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General funds
**Restricted funds**
North Enfield Foodbank
Fuel Bank
Henry’s House
SMART Recovery
Debt Centre
Re-Work
Foodbank Vehicle
**TOTAL FUNDS**
Net movement in funds, included in the above are|At 1.4.24
£
-
-
119,070
27,769
-
-
-
-
5,519
152,358
152,358
as follows:|Net
movement
in funds
£
(40,245)
(40,245)
7,376
-
(9,050)
(3,873)
(23,058)
(122)
(5,517)
(34,244)
(74,490)|Transfers
between
funds
£
40,245
40,245
(76,348)
-
9,050
3,873
23,058
122
-
(40,245)
-|At
31.3.25
£
-
-
50,098
27,769
-
-
-
-
2
77,869
77,869|
|---|---|---|---|---|
|Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General funds
2,130
(42,375)
2,130
(42,375)
**Restricted funds**
North Enfield Foodbank
205,604
(198,228)
Fuel Bank
-
-
Henry’s House
35,515
(44,565)
SMART Recovery
1,245
(5,118)
Debt Centre
26,205
(49,263)
Re-Work fund
-
(122)
Foodbank Vehicle
-
(5,517)
268,569
(302,813)
**TOTAL FUNDS**
270,698
(345,188)|Movement
in funds
£
(40,245)
(40,245)
7,376
-
(9,050)
(3,873)
(23,058)
(122)
(5,517)
(34,244)
(74,490)|
|---|---|
Overspent monies on unrestricted funds have been covered by restricted funding resulting in a transfer between funds. Transferred funds were not restricted to specific items.
Page 14
**S.E.N.T**
**NOTES TO THE FINANCIAL STATEMENTS - CONTINUED for the Year Ended 31 March 2025**
## **16. MOVEMENT IN FUNDS – continued**
## **Comparatives for movement in funds**
|**Unrestricted funds**
General funds
**Restricted funds**
North Enfield Foodbank
Fuel Bank
Foodbank Vehicle
**TOTAL FUNDS**
Net movement in funds, included in the above are
**Unrestricted funds**
General funds
**Restricted funds**
North Enfield Foodbank
Fuel Bank
Henry Housing
SMART Recovery
Debt Fund
Project M6:8
Re-Work fund
Foodbank Vehicle
**TOTAL FUNDS**|Net
Transfers
movement
between
At 1.4.23
in funds
funds
£
£
£
-
-
-
-
-
-
112,506
6,564
-
21,301
6,468
-
11,036
(5,517)
-
144,843
7,515
-
144,843
7,515
-
as follows:
Incoming
Resources
Resources
expended
£
£
36,438
(36,438)
36,438
(36,438)
185,341
(178,777)
6,468
-
12,798
(12,798)
5,781
(5,781)
43,880
(43,880)
55,857
(55,857)
20
(20)
-
(5,517)
310,145
(302,630)
346,583
(339,068)|At
31.3.24
£
-
-
119,070
27,769
5,519
152,358
152,358
Movement
in funds
£
-
-
6,564
6,468
-
-
-
-
-
(5,517)
7,515
7,515|
|---|---|---|
Page 15
**S.E.N.T**
## **NOTES TO THE FINANCIAL STATEMENTS - CONTINUED for the Year Ended 31 March 2025**
## **16. MOVEMENT IN FUNDS – continued**
## **Restricted funds:**
North Enfield Foodbank - monies given to support the running of the North Enfield Food Bank.
Fuel bank – monies given to support beneficiaries of the Foodbank facing fuel crisis.
Henry Housing – this fund was set up to provide accommodation and support for homeless ex-offenders and to assist their reintegration into community. This fund was re-opened on 1[st] April 2024
SMART Recovery – monies given to support the running of SMART recovery, a programme designed to help those with addictive behaviours.
Debt Fund – monies given to support the running of the Enfield Debt Centre, a programme set up to bring solutions to families and individuals in financial difficulties.
Project M6:8 – monies given to support the running of the Domestic Abuse project. This project closed in 2024/25.
Re-Work Fund – monies given to support the assistance of individuals into employment.
Foodbank Vehicle – net book value of a van provided to assist in the running of the North Enfield Foodbank.
The initial transfer of funds from Jubilee Church London in the amount of £118,047 included £80,193 of unspent funds which had been raised to support the activities of the Social Action arm of the church, these were subsequently transferred to SENT. The funds were restricted within the Jubilee Church London financial statements but effectively represent unrestricted funds for SENT, as they were raised for non-specific Social Action activities. The funds have been included as restricted funds in the SENT accounts, but there are no specific legal restrictions over these monies, other than the need to spend them on Social Action activities, therefore these funds have been used to cover the overspend of various restricted funds in the current years. The balance of these unrestricted funds at 31 March 2025 is £39,948.
## **17. RELATED PARTY DISCLOSURES**
The charity shares three trustees in common with Jubilee Church London Ltd (Chairty no. 1160372) Mr M Legg, Mr O Itoje and Mr P Okenbirhie.
During the year donations of £Nil (2024: £126,772) have been made from Jubilee Church London Ltd (JCL) to the charity to cover its operational costs. JCL is currently holding balances for the charity in its own accounts of £97,388 (2024: £136,207)
In 2024 JCL charged £30,000 rental costs to SENT for the use of their shared premises, Jubilee Central in Enfield. This amount is currently outstanding as a creditor on the balance sheet.
In 2025 JCL charged £40,280 premises expenses for building adaptations for the shared premises at Jubilee Central. These changes allowed the Foodbank to operate the café and provided loading and storage areas for supplies of food for beneficiaries. This amount is currently outstanding as a creditor on the balance sheet.
Page 16