**The Enfield Society Limited by Guarantee** 

**Registered as a Charity Charity Number 276451** 

Report and Financial Statements Year Ended 31 December 2022 



## **The Enfield Society** 

## **- Annual Report and un audited Financial Statements for the year ended 31 December 2022** 

## Contents 

Page 

- 1 Management committee report 

- 9 Directors’ responsibilities 

- 10 Independent Examiner’s report 

- 11 Statement of financial activities 

- 13 Balance sheet 

- 15 Notes forming part of the un-audited financial statements 



**The Enfield Society** 

## **Management Committee Report for the year ended 31 December 2022** 

The Members of the Management Committee present their report and the financial statements for the year ended 31 December 2022. 

## **Reference and Administrative Information** 

The Enfield Society is a registered charity (number 276451) and is constituted as a company limited by guarantee (number 312134). Its objects, powers and other constitutional matters are set out in its Memorandum and Articles of Association. These financial statements have been prepared in accordance with the Society’s accounting policies and comply with the Society's own Memorandum and Articles of Association, the Companies Act 2006 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)”. 

## **Directors** 

Members of the Management Committee have legal responsibility as directors of the Society as a Company and as trustees of the Society as a Charity. All Committee members must be members of the Society. During the year ended 31 December 2022 and up to the date of signature, the following served as members of the Management Committee:- 

David Cockle (Chair) Jan Metcalfe John Cole Stuart Mills Sue Grayson Ford Hilary Morris Tony Foster (Hon Treasurer) Val Munday Anna Maria Foster Philip Page (resigned 5 May 2022) Robert Fowler Richard Stones (Hon. Secretary) Stephen Gilburt John West Nigel King (retired 22 September 2022) Alison Yates Andrew Lack 

The Joint Presidents (Monica Smith MBE and Colin Pointer) and Vice-Presidents (Janet McQueen, M J Saunders MBE, Alan J Skilton and Leonard Will) are entitled to attend Management Committee meetings. 

## **Professional Advisers** 

Bankers Barclays Bank plc 20 The Town Enfield Middlesex EN2 0AJ Independent Examiner               Moore (South) LLP 33 The Clarendon Centre Salisbury Business Park Dairy Meadow Lane Salisbury Wiltshire SP1 2TJ 

Registered Office Jubilee Hall 2 Parsonage Lane Enfield Middlesex EN2 0AJ 

1 



**The Enfield Society** 

## **Management Committee Report for the year ended 31 December 2022 (continued)** 

## **Structure, Governance and Management** 

The governing body of the Society, known as the Management Committee, consists of not less than six or more than eighteen members. Both the Honorary Secretary and the Honorary Treasurer are _ex officio_ members; the remainder of the Committee are elected by the annual general meeting of the Society 

At every annual general meeting one third of Committee members retire and may be re-elected. Up to three members may be co-opted by the Management Committee itself, but must stand for election at the next annual general meeting. 

Committee members are given training and support as appropriate to their role within the Society. 

## **Principal Risks and Uncertainties** 

The Management Committee keeps under constant review any major risks to which the Society may be exposed and considers that the public liability and other insurances and financial controls are adequate and that the computer records and backup systems are satisfactory and secure. 

## **Objects, Public Benefit Aims, Objectives and Principal Activities** 

The Memorandum of Association of the Society incorporates the following object and aims: - 

## **Object and Principal Activity** 

The object and principal activity of The Enfield Society is the conservation and enhancement of the civic and natural environments of the London Borough of Enfield and its immediate surrounding area, for the public benefit. 

In furtherance of the Society’s objects, the Management Committee have complied with the duty in Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s published general and relevant subsector guidance concerning the operation of the Public Benefit requirement under that Act.  The Society provides benefit to the public in a variety of ways – for example by monitoring the quality and suitability of planned developments; campaigning for the protection of the Green Belt and other open spaces; monitoring the maintenance of existing footpaths and promoting new ones; encouraging the protection and conservation of heritage buildings; and informing the public about all these issues through its Newsletter and through digital media. 

## **Strategic Aims** 

The main aims of the Society are to: - 

- Conserve and enhance buildings and groups of buildings of architectural quality or historic interest 

- Defend the integrity of the Green Belt 

- Protect and improve open spaces and views 

- Ensure that new developments are environmentally sound, well designed and take account of the relevant interests of all sections of the community 

- Publish papers, books, reports and literature 

- Make surveys and prepare maps and plans and collect information in relation to any place or building of historic or architectural interest 

- Assist in the preservation and maintenance of footpaths, commons and rights of way 

- Promote and pay the expenses of meetings, conferences, lectures and exhibitions, whether public or private 

2 



**The Enfield Society** 

## **Management Committee Report for the year ended 31 December 2022 (continued)** 

## **Investment Policy** 

The policy of the Society is to be risk averse and all monies are held in interest bearing accounts. The members of the Management Committee are satisfied with the performance of these accounts. 

## **Financial Results** 

Overall, there was a net decrease in our total funds amounting to £2,886 with income £47,046 and expenditure £49,932. The Society’s income fluctuates by reference to the legacies and other donations it receives. Expenditure fluctuates by reference, amongst other things, to the amount paid out in grants in the year concerned. 

Our total funds at 31 December 2022 were £441,523 of which £309,865 formed our General Reserve, which can be used for the charitable purposes of the Society generally. 

We continue to monitor the risks to the finances on a regular basis. The Management Committee aims to ensure that the Society’s regular expenditure is met by its subscription income and associated member donations: a subscription increase was approved at the 2022 Annual General Meeting. 

## **Reserves Policy** 

The Management Committee aims to keep liquid non-restricted reserves of £200,000 to cover (1) estimated running costs for two years (currently around £30,000); and (2) the potential costs of opposing some plan or development which is a serious threat to our objectives. Of this reserve £100,000 will be maintained in funds available within one year. 

The members of the Management Committee consider that the balance of the reserves, after deduction of the designated funds, restricted funds and tangible fixed assets, is reasonable in view of the high legal costs that could be incurred in defending the threats mentioned above. 

## **Review of the year and future developments** 

It has been a busy year. We have continued to oppose the threats to the Green Belt posed by Enfield Council’s proposed Local Plan and have assisted with mounting a successful petition, to ensure adequate and meaningful consultation of the Plan. We also have been pressing the Council to make public the terms of the proposed lease of part of the Whitewebbs Estate to Tottenham Hotspur Football Club. 

Membership has continued at around the 1,800 mark. Our colourful newsletter, Enfield Society News, continues to be sent to all of our members four times a year. We additionally send out monthly E-news to members who have supplied us with an email address. 

During 2022 we saw Nigel King and Philip Page leave the Management Committee. We would like to thank them for their valuable contributions throughout their terms of office. 

Despite our opposition to the Local Plan we have continued to work closely with the Council, meeting Council officers regularly. We have also worked closely with Enfield Climate Action Forum, Enfield RoadWatch, Friends of Firs Farm, London Historic Buildings Trust and Southgate District Civic Voice on various projects. In particular, we provided volunteers to work with the Heritage Team at the Council to update and expand the Local List of Heritage Assets. 

We have held an internal Strategy Review on the Society's forward plans. 

Looking ahead we are formulating our next steps in relation to the deeply contentious Local Plan and the threat to our Green Belt. 

3 



**The Enfield Society** 

## **Management Committee Report for the year ended 31 December 2022 (continued)** 

## **Other activities of the Society in 2022 are covered in the following reports.** 

## **Implementing our Objectives** 

## **- Architecture and Planning Group** 

The Group aims to benefit the public by improving the quality of the Borough’s built environment through monitoring and commenting on planning issues. 

The Group considers larger planning applications throughout the Borough. The Society then submits comments on those applications as appropriate. During 2022, the Group worked towards the next stage of the Enfield Draft Local Plan (Regulation 19).  As mentioned above, the Society has serious reservations about some aspects of the draft Plan, particularly the proposals to develop on parts of the Green Belt and the way in which the proposed tall buildings strategy focused on all transport hubs across the Borough rather than prioritising certain areas. The Society submitted detailed comments on the Plan and we will be working to ensure that the Society can object to any areas of concern during the next stage and at a future Public Examination of the Plan. 

In addition, the Group has continued our normal work commenting on larger planning applications and responding to planning concerns raised by our members. 

## **-  Cleaner Neighbourhoods Group** 

The Group’s litter-picking benefits the community by removing some of the rubbish which blights our streets and open spaces. 

The Cleaner Neighbourhoods Group organised by Nigel King participated in an event in February in collaboration with Enfield Council and Thames 21. The River Action Day cleared rubbish from the water and cut back vegetation on the Boundary Ditch. In the Autumn Nigel stepped down from organising the group and Alison Yates took over. 

Three further events took place. In September, 12 members removed rubbish and pruned overgrown bushes on the footpath between Ladysmith Road and Carterhatch Lane. In October we supported the Friends of Enfield Chase and Botany Bay Farm clearing the London Loop path between Ferny Hill and Rendlesham viaduct. Our last meeting of the year was in December when we tackled enormous amounts of fly tipped rubbish on the footpath between Osborne and Goldsdown Roads in Brimsdown. These three litter picks produced 98 bags of rubbish and assorted items from tyres to television sets. 

We are concentrating our efforts on footpaths in Enfield in the hope of making these more attractive for people to use. 

## **- Conservation and Heritage Group** 

As a result of the Council’s decision to merge several consultative groups involving Conservation Areas, the Green Belt and Transport into a new Environment Forum, the Society formed the Conservation and Heritage Group. This Group brings together those with an interest in historic buildings, the conservation area groups and all aspects of the Borough’s heritage. Its objective is to achieve public benefit through the enhancement and conservation of buildings of architectural or historical interest. 

A major area of work during 2022 was working in partnership with the Council’s Heritage Officers to update the Local Heritage List. Over 30 volunteers have checked all the existing 263 entries, updated the text as required, taken recent photographs and reorganised the entries into the new Council ward boundaries. In addition, the group has put forward additional sites that are worthy of inclusion. It is proposed that 44 sites and buildings will be added to the list including some interesting industrial and commercial buildings in the east of the Borough. The group will now focus on the Historic England ‘Buildings at Risk’ list and seek to reduce the twenty sites that are currently on the list. 

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**The Enfield Society** 

## **Management Committee Report for the year ended 31 December 2022 (continued)** 

A second aim of the Group is to encourage greater understanding and appreciation of the Borough’s historic buildings, mainly through articles by Stephen Gilburt originally published in the newsletter but also generally available on the website. In 2022 the subjects covered were the British School and Chase Side Schools, Enfield; Forty Hall; and Christ Church Congregational Church, Chase Side. 

## **- Edmonton and Eastern Enfield Group** 

The Group aims to pursue the Society’s objectives in the east of the Borough. We have held a couple of meetings at All Saints Church Edmonton. We are grateful to The Reverend Roxane Liddell for allowing us use of the Church Hall. The meetings were joint ones with The Edmonton Hundred Historical Society. Local historian Gary Boudier took us on two virtual walks along the Hertford Road looking at lost public houses from Upper Edmonton to the border with Hertfordshire at Waltham Cross. 

Other activities the Group have been involved with which benefit the community include litter picking at Brimsdown along a footpath adjoining the former Brimsdown Rovers football ground. Group members also took part in a cut back of a jungle of vegetation in the garden of the Charity School, in Church Street. 

## - **Enfield Chase and Gordon Hill Stations** 

Our members work together to enhance the environment of these stations for the benefit of the travelling public. 

## - _Enfield Chase_ 

Our team of volunteer gardeners entered the station for the "Enfield in Bloom" competition under the "Public Building" category. The Team was pleased to receive a silver award for their colourful display of planting on the station platforms. 

Through collaboration with Edmonton Camera Club an exhibition of photographs was mounted in the waiting room on Platform 1. 

## - _Gordon Hill_ 

Since September 2021 when the Friends of Gordon Hill Station (FOGHS) was formed as a Group within the Society, it has worked collaboratively with the Great Northern rail franchise, local schools and creatives, community groups and local people to enhance the environment of the Station. This year the Group joined the Community Rail Network and was shortlisted for an award at their annual awards ceremony in Manchester. 

The Group has established a weekly volunteer group, every Friday, to care for the platform planters, raised beds and plant a new garden area. It has commissioned a street art mural and displays of Platform Poetry curated by Enfield Poet Mary Duggan, and has held two exhibitions in the Waiting Room on Platform 2. It secured funding to participate in Enfield’s first Winter Lights festival, and showed a specially commissioned reel of local historic photographs, sound clips from famous railway movies, sound effects and clips of trains passing though the Station. 

The Group has engaged with local schools and businesses. It celebrated the late Queen’s Jubilee by commissioning a vibrantly painted window by St. Michaels CofE Primary School and a History of Gordon Hill exhibition. The Group also sought and received funding from Arts Council England’s _Let’s Create_ programme to deliver a community led art project and a memorable community event at the station, celebrating the Jubilee and involving local people and train users. 

Following a call out on social media, the Group identified a group of patients drawn from a Complex Rehab Unit, based at Chase Farm, for working age adults who have complex mental health needs with a primary diagnosis of psychosis. The project developed around their needs into a series of workshops to create a permanent mosaic. They were given the opportunity to put their ideas forward on what they wanted to see on the mural and collaborate on the final design. Other participants included representatives from Great Northern, travellers and members of the Group, The free Jubilee event featured Enfield Poets, a brass band and a full screening of the classic movie _Singing’ in the Rain_ (1952) was held in the Station car park. 

5 



**The Enfield Society** 

## **Management Committee Report for the year ended 31 December 2022 (continued)** 

## **- Footpaths and Open Spaces Group** 

The aim of the group is to benefit the public by protecting, maintaining and improving footpaths and open spaces in the Borough. Also a programme of walks both within Enfield, London, and the surrounding countryside, provides members with the opportunity to regularly join fellow members on organised walks in these areas. 

44 Walks with 928 attendees took place in 2022, although three other planned walks had to be cancelled due to strikes and adverse weather conditions. 

The Spring 2022 Newsletter contained a new self-guided circular walk from Chase Farm Hospital. Using Merryhills Way, Trent Park and the London Loop, the route was specifically designed to highlight the value and attractiveness of Enfield‘s Green Belt countryside and the disastrous effect that would result from it being built upon as envisaged by Enfield Council’s draft Local Plan - Enfield Chase must remain a protected area of special character and Green Belt countryside. 

We have lobbied Enfield Council to instal road safety measures for the London Loop at the crossing points over both The Ridgeway and Hadley Road. 

Although 2022 saw the opening of a new footpath on the west bank of the Lee Navigation north of Ponders End, we continued to press Enfield Council for signage to be installed. Similarly, the question of signage for the link between Rammey Marsh and New Ford Road, Waltham Abbey, remains outstanding year after year and, generally, the legal status of new footpaths and cycle routes continues to be unresolved. We supported the Ramblers Association in the claim for a right of way across Sewits Hill, Hadley Wood. We have also consulted with the Open Spaces Society over the Council’s proposed wetlands area on the northern part of Chase Green, as it would adversely alter the outstanding character of this designated village green. 

## **- Records and Research** 

The Records and Research Group completed the logging of our large plan chest of maps, posters and old exhibition panels. We are now rationalising the collection. Some non-Society material has been given to Enfield Local Studies and Archives and other non-Enfield items will be offered to other county archives. 

The Archives are used to answer enquiries that we continue to get from members and the public and support information we provide for displays and notices around the Borough. In particular we provided images for some jigsaw puzzles produced by the Enfield Town Schools' Partnership project for residents of care homes and local schools to share memories about local buildings and places. 

The Group currently consists of a team of three volunteers who meet once a month. 

## **- Trees** 

The Trees Group seeks to enhance the environment of the Borough for the public benefit by supporting tree planting initiatives across the Borough and by protecting trees through monitoring tree maintenance and taking up any concerns with the Council. We try to ensure that trees with Tree Preservation Orders (TPOs) and those in Conservation Areas are not removed without consent. We also work closely with Enfield Council to ensure the replacement of trees which need to be removed due to age or decay. Once trees are planted, we aim to ensure that they are protected and will thereby benefit future generations. 

The Group maintains the Society’s tree nursery at the Trentwood Side. Our main priority is to encourage the planting of native British species.  This involves bringing on saplings and planting them out at sites that need new or replacement trees. We work closely with the Friends of Parks Groups and the Council to identify suitable sites. 

6 



**The Enfield Society** 

## **Management Committee Report for the year ended 31 December 2022 (continued)** 

## **Grants** 

The Society makes grants to outside bodies to assist with funding projects which further our objectives. Grants made in 2022 totalled £10,312 and comprised payments 

- to the Girls Sunday School Foundation for repairs, insurance and legal work to resolve ownership issues in relation to the Charity School Hall in Edmonton; 

- to the Canal & River Trust for a project under which children in schools near the Lea Valley Navigation researched the history of important structures on the banks of the river through written records and oral reminiscences, the results being displayed at an exhibition and made into a "virtual guide" app; 

- to the Enfield Archaeological Society to fund half of the cost of a book on Elsyng Palace; 

- to Enfield Council to support Open House Festival 2022; and 

- to CleanupUK to support litter-picking operations (CleanupUK provide tools and other support for our Cleaner Neighbourhoods Group). 

## **Membership** 

Membership fell slightly over the year of 2022. As of 31 December 2022 there were 1799 members which included 131 who joined during the year. The new renewal form sent out for 2023 has helped to increase those registered for Gift Aid which will bolster our 2022 claim. The following table shows the membership numbers over the past three years. 

||2020|2021|2022|
|---|---|---|---|
|Individual members|1908|1850|1799|
|Households|1492|1425|1385|
|New members|83|193|131|



## **Web-site and Social Media** 

There was a reduction in website traffic in 2022 compared to 2021 figures. This was due to an unusually high volume of traffic in 2020 and 2021 while we ran our campaign opposing the tower blocks in Enfield Town. Mobile phone continues to be the most popular way people use our website. 

Social media continues to grow with the numbers of followers up across all three channels. 

Stats from the website and social media are summarised in the table below. 

||Website<br>sessions|Website users|Mobile phone use|Facebook|Twitter|Instagram|
|---|---|---|---|---|---|---|
|2020|33241|26560|47.61%|1600|200|1000|
|2021|44956|34880|50.19%|2211|459|1192|
|2022|37802|30417|49.39%|2431|565|1341|
|%<br>change<br>2021-22|<br>-15.9%|-12.8%||+10%|+23%|+12.5%|



## **IT hosting** 

In December 2022 the Society moved its IT hosting to HostPresto, a UK-based company. This move will provide the Society with an improved level of performance, additional services and saves the Society over £360 (65%) per annum on charges. 

7 



**The Enfield Society** 

## **Management Committee Report for the year ended 31 December 2022 (continued)** 

## **Online store** 

Sales via the website declined very sharply in 2022, down over 50% compared to the 2021 figures. The following table summarises the performance of online sales: 

||Total Sales|Orders|Membership<br>sales (total)|Publications<br>sales|Publications<br>orders|
|---|---|---|---|---|---|
|2020|£3,130.34|348|219|£1,892.84|269|
|2021|£6,928.10|693|560|£1,653.19|308|
|2022|£3,262.66|315|262|£647.45|153|
|% change 2021-<br>-22|-52.9%|-54.5%|-46.8%|-50.5%|-65.4%|



## **Publications** 

Total income was £1,702 of which £647.45 was received online. 

## **New Volunteers** 

During the year we welcomed Carole Todd who arranges our speakers for the evening talks programme, Sarah Heywood who looks after the outlets who sell our publications and Claudia Deutschmann who has taken on a new role as Volunteer Coordinator. 

## **Evening Talks** 

We resumed our Talks Programme following interruption by COVID and a lack of an organiser. Talks were arranged throughout the whole year, including July and August, and were well attended. The March talk, with Dr Helen Fry, saw Jubilee Hall completely full, with some disappointed members being turned away. 

## **Events** 

MPG organised a New Members’ Evening in May. Despite it being the first for three years, with over 400 new members being invited, only around 25 attended. MPG have discussed changing the format of future meetings and inviting all members. 

In May we organised a visit to Building Bloqs in Tottenham, which the UK’s first “open access” factory. 

The Society attended the Enfield Town venue in the Council’s “Month of Sundays” programme, but a lack of volunteers prevented us from attending any of the other summer events. Attendance was poor and our pitch was not well situated. 

In September MPG organised a visit for members to the Tudor Room in Gentleman’s Row. Due to demand a total of 4 visits were needed to accommodate everyone. The Society is very grateful to the owners of Little Park for permitting the visit. 

The Society opted to attend the Christmas Lights Festival in early December. We changed our approach and removed most of the items for sale and concentrated on informing people about the Society’s work. We introduced a simple quiz for children and gave away 60 copies of the Young Explorer’s Book of Enfield. 

## **Coach trip** 

In June the Enfield Society travelled to Deene Park in Northamptonshire. We were lucky with the weather and everyone enjoyed the guided tour round the house and the really beautiful and varied garden. We were provided with a lovely lunch, and the only problem was COVID related as the coach driver was a new one and lost his way, with the coach breaking down briefly on the way back too! Despite this it was a wonderful day out, the first one for some since 2019. 

8 



**The Enfield Society** 

## **Management Committee Report for the year ended 31 December 2022 (continued)** 

## **Jubilee Hall** 

We are very fortunate to have, in Jubilee Hall, a headquarters which is a heritage building in its own right. Under the management of Janet McQueen and Emma Halstead (who provides paid caretaking and cleaning services) the Hall provides a venue for the Society’s activities while covering its running costs through lettings to external users. 

## **Volunteers** 

The Management Committee is very grateful for the continuing hard work and commitment of the many volunteers who sustain all aspects of the work of the Society. 

## **Key Management Remuneration Policy** 

The key management of the Charity are regarded as the members of the Management Committee. They did not receive remuneration or benefits in kind. 

## **Directors’ Responsibilities** 

The Members of the Management Committee (who are known as “trustees” and are also directors of The Enfield Society for the purposes of company law) are responsible for preparing the Management Committee Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 

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 these financial statements, the trustees are required to: 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles in the Charities SORP 2020 (FRS 102); 

- make judgements and estimates that are reasonable and prudent; 

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. 

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and 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. 

The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website. 

The report of the Management Committee has been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime and was approved on the ……12/09/2023……………... 

Signed on behalf of the Management Committee by 

………………………… 

David Cockle - Chairman 

9 



## **The Enfield Society** 

## **’ - Independent Examiner s Report to the Trustees on the un audited Financial Statements for the year ended 31 December 2022 of The Enfield Society** 

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2022. 

## **Responsibilities and basis of report** 

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”). 

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”).  In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. 

## **Independent Examiner’s statement** 

I have completed my examination.  I confirm that no matters have come to my attention in connection with my examination giving me cause to believe: 

- (1) accounting records were not kept in respect of the Company as required by section 386 of the Act 2006; or 

- (2) the accounts do not accord with those records; or 

- (3) the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a “true and fair view” which is not a matter considered as part of an independent examination; or 

- (4) the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). 

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. 

## **Use of my report** 

This report is made solely to the Charity’s Trustees, as a body, in accordance with Chapter 3 of Part 8 of the Charities Act 2011.  My examination has been undertaken so that I might state to the Charity’s Trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose.  To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity’s Trustees as a body, for my examination, for this report, or for the opinions I have formed. 


Ann Mathias FCA Chartered Accountant Moore (South) LLP Chartered Accountants 33 The Clarendon Centre, Salisbury Business Park, Dairy Meadow Lane, Salisbury, Wiltshire, SP1 2TJ 

Dated:  …20/09/2023………………………….. 

10 



**The Enfield Society** 

## **Statement of Financial Activities (Incorporating the Income & Expenditure Account) for the year ended 31 December 2022** 

|**Un-**<br>**Restricted Restricted**<br>**Funds**<br>**Funds**<br>**Note**<br>**£**<br>**£**<br>**Income from:**<br>Donations and legacies<br>Donations<br>14,981<br>10,000<br>Charitable activities<br>Subscriptions and activities<br>13,991<br>-<br>Other trading activities<br>Publications income<br>1,702<br>-<br>Investment Income<br>Bank Interest<br>1,056<br>-<br>Rental income<br>5,316<br>-<br>Other Income<br>Other income<br>-<br>-<br>_______<br>_______<br>**Total**<br>37,046<br>10,000<br>_______<br>_______<br>**Expenditure on:**<br>Raising funds<br>Costs of Publications<br>3,625<br>-<br>Charitable activities<br>4<br>36,415<br>9,892<br>_______<br>_______<br>**Total**<br>40,040<br>9,892<br>_______<br>_______<br>**Net income/ (expenditure) and movement in funds**<br>(2,994)<br>108<br>**Reconciliation of funds:**<br>Total funds brought forward<br>426,572<br>17,837<br>_______<br>_______<br>**Total funds carried forward**<br>13<br>423,578<br>17,945<br>_______<br>_______|**Total**<br>**Funds**<br>**2022**<br>**£**<br>24,981<br>13,991<br>1,702<br>1,056<br>5,316<br>-<br>_______<br>47,046<br>_______<br>3,625<br>46,307<br>_______<br>49,932<br>_______<br>(2,886)<br>444,409<br>_______<br>441,523<br>_______|**Total**<br>**Funds**<br>**2021**<br>**£**<br>7,677<br>6,314<br>3,051<br>524<br>4,229<br>-<br>_______<br>21,795<br>_______<br>1,440<br>32,254<br>_______<br>33,694<br>_______<br>(11,899)<br>456,308<br>_______<br>444,409<br>_______|
|---|---|---|



A statement of total recognised gains and losses is not included in these accounts, as there are no recognised gains and losses other than the loss or surplus for the year. 

The notes on pages 15 to 23 form part of these financial statements. 

11 



**The Enfield Society** 

## **Statement of Financial Activities (Incorporating the Income & Expenditure Account) for the year ended 31 December 2021** 

|**Un-**<br>**Restricted Restricted**<br>**Funds**<br>**Funds**<br>**Note**<br>**£**<br>**£**<br>**Income from:**<br>Donations and legacies<br>Donations<br>7,677<br>-<br>Charitable activities<br>Subscriptions and activities<br>6,314<br>-<br>Other trading activities<br>Publications income<br>3,051<br>-<br>Investment Income<br>Bank Interest<br>524<br>-<br>Rental income<br>4,229<br>-<br>Other Income<br>Other income<br>-<br>-<br>_______<br>_______<br>**Total**<br>21,795<br>-<br>_______<br>_______<br>**Expenditure on:**<br>Raising funds<br>Costs of Publications<br>1,440<br>-<br>Charitable activities<br>4<br>32,254<br>-<br>_______<br>_______<br>**Total**<br>33,694<br>-<br>_______<br>_______<br>**Net income/ (expenditure) and movement in funds**<br>(11,899)<br>-<br>**Reconciliation of funds:**<br>Total funds brought forward<br>438,471<br>17,837<br>_______<br>_______<br>**Total funds carried forward**<br>13<br>426,572<br>17,837<br>_______<br>_______|**Total**<br>**Funds**<br>**2021**<br>**£**<br>7,677<br>6,314<br>3,051<br>524<br>4,229<br>-<br>_______<br>21,795<br>_______<br>1,440<br>32,254<br>_______<br>33,694<br>_______<br>(11,899)<br>456,308<br>_______<br>444,409<br>_______|**Total**<br>**Funds**<br>**2020**<br>**£**<br>67,063<br>9,887<br>4,053<br>1,202<br>3,544<br>10,000<br>_______<br>95,749<br>_______<br>1,278<br>32,684<br>_______<br>33,962<br>_______<br>61,787<br>394,521<br>_______<br>456,308<br>_______|
|---|---|---|



A statement of total recognised gains and losses is not included in these accounts, as there are no recognised gains and losses other than the loss or surplus for the year. 

12 



**Company Number: 312134** 

## **The Enfield Society** 

## **Balance Sheet as at 31 December 2022** 

||**Note**||**2022**|||**2021**||
|---|---|---|---|---|---|---|---|
|||**£**||**£**|**£**||**£**|
|**Fixed assets**||||||||
|Tangible assets|5|||106,225|||107,031|
|**Current assets**||||||||
|Stocks|6|22,529|||21,701|||
|Debtors|7|4,341|||4,717|||
|Investments|8|178,327|||154,595|||
|Cash at bank and in hand|9|133,629|||159,972|||
|||_______|||_______|||
|||338,826|||340,985|||
|**Creditors: amounts falling due**||||||||
|**within one year**|10|3,528|||3,607|||
|||_______|||_______|||
|**Net current assets**||||335,298|||337,378|
||||_______|||_______||
|**Total assets less current liabilities**|11|||441,523|||444,409|
||||_______|||_______||
|**Funds**||||||||
|**Unrestricted**||||||||
|General reserve|13|309,865|||316,858|||
|Property revaluation reserve|13|89,129|||89,129|||
|Designated reserve|13|24,584|||20,585|||
|||_______|||_______|||
|||||423,578|||426,572|
|**Restricted**|14|||17,945|||17,837|
||||_______|||_______||
|||||441,523|||444,409|
|**Total Charity Funds**|||_______|||_______||



## **Capital** 

The company is limited by guarantee and has no share capital. 

The notes on pages 15 to 23 form part of these financial statements. 

13 



**The Enfield Society** 

**Company Number: 312134** 

## **Balance Sheet as at 31 December 2022 (continued)** 

For the year ended 31 December 2022 the company was entitled to exemption from audit under S477 of the Companies Act 2006 (‘the Act’) relating to small companies. 

Directors’ responsibilities: 

- The members have not required the company to obtain an audit of its accounts for the year under S476. 

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. 

These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies’ regime. 

Approved by the Management Committee on …12/09/2023………………...and signed on its behalf by 


D Cockle **Chairman** 


T Foster **Treasurer** 

14 



**The Enfield Society** 

## **- Notes forming part of the un audited Financial Statements for the year ended 31 December 2022** 

## 1 **Status of Company** 

The company is registered under the Companies Act 2006 as a company limited by guarantee and not having share capital. The company is a registered charity (number 276451) its registered address is Jubilee Hall, 2 Parsonage Lane Enfield Middlesex EN2 OAJ. Each member of the company, in the event of the company being wound up, has limited liability of up to £5. 

## 2 **Accounting Policies** 

## _**(a) Basis of preparation**_ 

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 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)”. The charity is a Public Benefit Entity as defined by FRS 102.  They are prepared on the historical cost basis. 

## _**(b) Going concern**_ 

The Directors assess whether the use of going concern is appropriate, i.e., whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The Directors make this assessment in respect of period of one year from the date of approval of the financial statements. The Directors conclude that there are no material uncertainties about the Charity’s ability to continue and accordingly the financial statements are prepared on a going concern basis. 

## _**(c) Fixed assets and depreciation**_ 

Previously the company had taken advantage of the arrangements under FRS 15, which allow the carrying value of the property acquired prior to 31 December 1999, which had been revalued to be retained. 

This value has been retained within the financial statements and considered an appropriate value on transition to FRS 102. The property is regarded as functional as it is used by the society for its activities and administration. 

Freehold land is not depreciated. No depreciation is made on freehold buildings as the Management Committee is of the opinion that after taking into account the estimated residual value of the buildings, the annual charge for depreciation would be immaterial. 

Since depreciation is not charged on freehold buildings, the Management Committee undertakes a yearly impairment review. 

Fixed assets costing more than £1,000 are capitalised and carried in the balance sheet at historic cost. Provision for depreciation is made at rates calculated to write off the cost of fixed assets to their estimated residual value at the end of their anticipated useful lives as follows: 

Furniture and fittings 20% on reducing balance basis Equipment 10% on reducing balance basis 

15 



## **The Enfield Society - Notes forming part of the un audited Financial Statements for the year ended 31 December 2022 (continued)** 

## _**(d) Stocks and work in progress**_ 

Stocks and work in progress are valued at the lower of cost and net realisable value. 

## _**(e)**_ 

## _**Investments**_ 

- Investments held as current assets are stated at the lower of cost and net realisable value.  All income earned as a result of investments is stated in the Statement of Financial Activities. 

## _**(f) Incoming Resources**_ 

All incoming resources are included in the Statement of Financial Activities (SOFA) when the Charity becomes legally entitled to the income, it is probable that the income will be received and the amount can be quantified with reasonable accuracy. 

All incoming resources are recognised in the period in which they are receivable in accordance with applicable accounting standards.  The income arises wholly in the United Kingdom. 

The society generates its main source of income from donations, subscriptions, publications income, and rental income. 

Membership income is accounted for on a receipts basis. 

## _**(g)**_ 

## _**Resources expended**_ 

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the Charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is charged to the SOFA on an accruals basis, inclusive of any VAT, which cannot be recovered. 

- Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities and services to its beneficiaries.  It includes governance and support costs. 

- The costs of raising funds comprise those costs incurred by the Charity to raise publication income. 

- Governance costs include those costs associated with meeting the constitutional and statutory requirements of the Charity and include the fees for independent review of the financial statements and any costs linked to the strategic management of the Charity. 

Support and governance costs are allocated to costs of raising funds and charitable activities on an actual invoiced basis consistent with the use of these resources. 

## _**(h) Cashflow Statement**_ 

The Company qualifies as a small charity and under FRS 102 is therefore not required to prepare a cash flow statement. 

## _**(i) Taxation**_ 

The company enjoys general relief from taxation under section 505 of the Income and Corporation Taxes Act 1988. 

16 



**The Enfield Society** 

## **- Notes forming part of the un audited Financial Statements for the year ended 31 December 2022 continued)** 

## _**(j) Funds accounting**_ 

Funds held by the Charity are: 

Unrestricted funds – these are funds that can be used in accordance with the charitable objects at the discretion of the Management Committee. 

Designated funds – these are funds which have been allocated to specific purposes at the discretion of the Management Committee in accordance with the charitable objectives. 

Restricted funds – these are funds that can only be used for particular restricted purposes within the objects of the Charity.  Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. 

Transfers between funds – transfers from unrestricted to designated funds or restricted funds are at the discretion of the Management Committee. The purpose is to allocate resources to particular projects that are in accordance with the charitable objectives.  Upon completion of a project, any surplus funds will be returned to unrestricted funds and will be reallocated at the discretion of the Management Committee. 

Further explanation of the nature and purpose of each designated and restricted fund are included in notes 13 and 14 of the financial statements. 

## _**(k) Financial Instruments**_ 

The only financial instruments held by the charity constitute investments, debtors and creditors. Investments are referred to in note (e) above and, the remaining are categorised as ‘basic’ in accordance with Section 11 of FRS 102 and are initially recognised at transaction price. These are subsequently measured at transaction price less any impairment. 

## _**(l) Government grants**_ 

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. 

## _**(m) Critical judgements and estimates**_ 

There are no significant areas of judgement or key assumptions and uncertainty that effect items in the financial statements with respect to the next reporting period for the year ended 31 December 2023. 

## **3 Management committee remuneration** 

None of the members of the Management Committee received any emoluments during the year. 

5 Members of the Management Committee had expenses reimbursed totalling £1,638, in relation to charitable activities, in particular newsletters, postage, printing and other support costs. (2021 - 5 members £3,001). 

There were no employees during the year (2021: nil). 

Key management of the Charity are regarded as the members of the Management Committee. They did not receive remuneration or benefits in kind. 

17 



**The Enfield Society** 

**- Notes forming part of the un audited Financial Statements for the year ended 31 December 2022 (continued)** 

## **4 Charitable activities** 

These comprise of costs incurred by the Society in the delivery of its charitable 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. 

|**Un-**<br>**Restricted**<br>**Restricted**<br>**Funds**<br>**Funds**<br>**£**<br>**£**<br>General Grants and Donations<br>15,016<br>9,892<br>Jubilee Hall expenditure<br>4,270<br>-<br>Administration and support costs<br>9,084<br>-<br>Depreciation<br>806<br>-<br>Group Activities<br>2,574<br>-<br>Accountancy<br>3,480<br>-<br>Legal and professional<br>1,185<br>-<br>_______<br>_______<br>36,415<br>9,892<br> _______<br>_______<br>Unrestricted<br>Restricted (general donations)|**Total**<br>**Funds**<br>**2022**<br>**£**<br>24,908<br>4,270<br>9,084<br>806<br>2,574<br>3,480<br>1,185<br>_______<br>46,307<br>_______|**Total**<br>**Funds**<br>**2021**<br>**£**<br>7,998<br>5,748<br>11,983<br>922<br>22<br>3,685<br>1,896<br>_______<br>32,254<br>_______<br>32,254<br>-<br>_______<br>32,254<br>_______|
|---|---|---|



The Society makes grants to outside bodies to assist with funding projects which further our objectives. Grants and donations made in 2022 totalled £15,016 and comprised payments: 

- to the Girls Sunday School Foundation for repairs, insurance and legal work to resolve ownership issues in relation to the Charity School Hall in Edmonton £720; 

- to the Canal & River Trust for a project under which children in schools near the Lea Valley Navigation researched the history of important structures on the banks of the river through written records and oral reminiscences, the results being displayed at an exhibition and made into a "virtual guide" app £4,000; 

- to the Enfield Archaeological Society to fund half of the cost of a book on Elsyng Palace £2,800; 

- to Enfield Council to support Open House Festival 2022 £2,000; 

- to CleanupUK to support litter-picking operations (CleanupUK provide tools and other support for our Cleaner Neighbourhoods Group) £500; 

- to the Enfield Living Memorial Project to plant a circle of trees and set up a sculpture in the Town Park in memory of COVID victims £2,000; and 

- to the Friends of Bush Hill Park for materials for a sensory garden £101. 

Donations for 2022 include payments to Jubilee project £206, Friends of Gordon Hill Station £1,797, Enfield Lights Festival £750, Enfield in Bloom £117 and London Green Belt £25. 

Donations for 2021 include payments to Girl’s Sunday School Foundation £6,283, Friends of Gordon Hill £559, Civic Voice £250 and Cleanup UK £500. 

The Girls’ Sunday School Foundation is an unregistered charity which owns the historic Charity School Hall in Edmonton. The Society has provided funding to the Foundation while work is done to secure the future of the Hall. The Society has also provided, through Richard Stones, administrative assistance to the trustees of the Foundation. 

18 



**The Enfield Society** 

## **- Notes forming part of the un audited Financial Statements for the year ended 31 December 2022 (continued)** 

## **5 Tangible fixed assets** 

|**Land**<br>**Furniture**<br>**and**<br>**Fittings &**<br>**Buildings**<br>**Equipment**<br>**£**<br>**£**<br>100,000<br>27,407<br> -<br>-<br>100,000<br>27,407<br>______<br>______<br>-<br>20,376<br>-<br>806<br>-<br>21,182<br>_______<br>______<br>100,000<br>6,225<br>_______<br>______<br>Cost or valuation:<br>At 1 January 2022<br>Additions<br>At 31 December 2022<br>Depreciation:<br>At 1 January 2022<br>Charge for year<br>At 31 December 2022<br>Net book value:<br>At 31 December 2022<br>At 31 December 2021<br>100,000<br>7,953<br>_______<br>______|**Total**<br>**£**<br>127,407<br> -<br>127,407<br>______<br>20,376<br>806<br>21,182<br>_______<br>106,225<br>_______<br>107,953<br>_______|
|---|---|



Messrs. Bowyer Bryce Chartered Surveyors re-valued the freehold property on 1 July 2010 as £100,000 at open market value. The historic cost of the freehold property is £10,871. 

All material fixed assets are used for the support of charitable activities and for the administration of the company. 

## **6 Stocks** 

|Publications|**2022**<br>**£**<br>22,529<br>______<br>|**2021**<br>**£**<br>21,701<br>______|
|---|---|---|



## **7 Debtors** 

|Other debtors<br>Prepayments and accrued income|**2022**<br>**£**<br>3,861<br>480<br>_____<br>4,341<br>_____<br>|**2021**<br>**£**<br>4,249<br>468<br>_____<br>4,717<br>_____|
|---|---|---|



All amounts under debtors fall due for payment within one year. 

19 



**The Enfield Society** 

## **- Notes forming part of the un audited Financial Statements for the year ended 31 December 2022 (continued)** 

|**8**<br>**Investments**<br>Scottish Widows 7 day Notice Account<br>Hampshire Trust One Year Bonds<br>The investments are held as part of the Society’s unrestricted funds.<br>**9**<br>**Cash at bank and in hand**<br>Current account<br>High Interest Business account<br>Online Pay Pal Account<br>Cash in hand<br> <br>**10**<br>**Creditors: amounts falling due within one year**<br>Accruals and deferred income<br>**11**<br>**Analysis of net assets between funds**<br>**Unrestricted**<br>**Restricted**<br>**Funds**<br>**Funds**<br>**£**<br>**£**<br>Tangible fixed assets<br>106,225<br>-<br>Net current assets<br>317,353<br>17,945<br>_______<br>_______<br>Balance 31 December 2022<br>423,578<br>17,945<br>_______<br>_______<br>Balance 31 December 2021<br>426,572<br>17,837<br> <br>|**2022**<br>**£**<br>94,085<br>84,242<br>_______<br>178,327<br>_______<br>**2022**<br>**£**<br>38,615<br>89,940<br>4,947<br>127<br>_______<br>133,629<br>_______<br>**2022**<br>**£**<br>3,528<br>_____<br>3,528<br>_____<br>**Total**<br>**Funds**<br>**2022**<br>**£**<br>106,225<br>335,298<br>_______<br>441,523<br>_______<br>444,409<br>|**2021**<br>**£**<br>94,085<br>60,510<br>_______<br>154,595<br>_______<br>**2021**<br>**£**<br>65,496<br>89,724<br>4,625<br>127<br>_______<br>159,972<br>_______<br>**2021**<br>**£**<br>3,607<br>_____<br>3,607<br>_____<br>**Total**<br>**Funds**<br>**2021**<br>**£**<br>107,031<br>337,378<br>_______<br>444,409<br>_______|
|---|---|---|



20 



**The Enfield Society** 

## **- Notes forming part of the un audited Financial Statements for the year ended 31 December 2022 (continued)** 

## **12 Reconciliation of movement of funds** 

|**Total**<br>**Un-Restricted**<br>**Designated**<br>**Restricted**<br>**Funds**<br>**Funds**<br>**Funds**<br>**Funds**<br>**2022**<br>**£**<br>**£**<br>**£**<br>**£**<br>Balance 1 January 2022           405,987<br>20,585<br>17,837<br>444,409 <br>(Deficit)/surplus for the year         3,107                 (6,101)<br>108            (2,886)<br>Transfers between funds          (10,100)<br>10,100<br>-<br>-<br>_______<br>_______<br>_______<br>_______<br>Balance 31 December 2022<br>398,994<br>24,584<br>17,945<br>441,523<br>_______<br>_______<br>_______<br>_______<br>Balance 31 December 2021<br>405,987<br>20,585<br>17,837<br>444,409<br>_______<br>_______<br>_______<br>_______<br>**13**<br>**Reconciliation of movement of unrestricted funds**<br>**Balance**<br>**Transfers and**<br>**1 Jan**<br>**Incoming**<br>**Outgoing revaluation**<br>**2022**<br>**resources**<br>**resources**<br>**gains**<br>**£**<br>**£**<br>**£**<br>**£**<br>**General reserve**<br>316,858<br>37,046<br>(33,939)<br>(10,100)<br>**Property revaluation reserve**89,129<br>-<br>-<br>-<br>**Designated funds**<br>Tree Planting<br>3,113                        -                        -                     -<br>Natural Environment<br>8,922<br>-<br>(2,101)<br>-<br>Community noticeboard              1,500<br>-<br>-<br>2,000<br>Canal & River Trust – History<br>Detectives                           4,000<br>-<br>(4,000)<br>-<br>Minerva Fresco                           3,000<br>-<br>-<br>-<br>Enfield Station Fund<br>50<br>-<br>-<br>(50)<br>PCC of ST Johns Clay Hill<br>-<br>-<br>-<br>650<br>Untold Enfield<br>-<br>-<br>7,500<br>_______<br>_______<br>_______<br>_______<br>426,572<br>37,046<br>(40,040)<br>-<br> <br> <br> <br>|**Total**<br>**Funds**<br>**2021**<br>**£**<br> 456,308<br>(11,899)<br>-<br>_______<br>444,409<br>_______<br>**Balance**<br>**31 Dec**<br>**2022**<br>**£**<br>309,865<br>89,129<br>3,113<br>6,821<br>3,500<br>-<br>3,000<br>-<br>650<br>7,500<br>_______<br>423,578<br>|
|---|---|



21 



**The Enfield Society** 

## **- Notes forming part of the un audited Financial Statements for the year ended 31 December 2022 (continued)** 

## **13 Reconciliation of movement of unrestricted funds** 

|**Balance**<br>**Transfers and**<br>**1 Jan**<br>**Incoming**<br>**Outgoing revaluation**<br>**2021**<br>**resources**<br>**resources**<br>**gains**<br>**£**<br>**£**<br>**£**<br>**£**<br>**General reserve**<br>308,757<br>21,795<br>(33,694)<br>20,000<br>**Property revaluation reserve**89,129<br>-<br>-<br>-<br>**Designated funds**<br>Tree Planting<br>3,113                        -                        -                     -<br>Natural Environment<br>8,922                        -                        -                     -<br>Dugdale Museum                      20,000                        -                        -            (20,000)<br>Community noticeboard              1,500                        -                        -<br>Canal & River Trust – History<br>Detectives                           4,000                       -                        -<br>Minerva Fresco                           3,000                        -                        -<br>Enfield Station Fund<br>50<br>-<br>-<br>_______<br>_______<br>_______<br>_______<br>438,471<br>21,795<br>(33,694)<br>-<br> <br> <br> <br>|**Balance**<br>**31 Dec**<br>**2021**<br>**£**<br>316,858<br>89,129<br>3,113<br> <br>8,922<br> <br>-<br>1,500<br>4,000<br>3,000<br>50<br>_______<br>426,572<br>|
|---|---|



The Designated Funds exist for the following reasons: 

## **Ongoing Funds** 

The Tree Planting fund provides funds to plant trees in the Green Belt, local parks, and streets in the borough. 

The Natural Environment fund is for the enhancement of the natural environment of Enfield. The Enfield Stations Fund is to provide funding for improvements to the environment and buildings of stations in the borough. 

_**Specific Funds**_ – These funds represent money earmarked for specific grants agreed by the Management Committee 

Dugdale Museum – this reflects an offer to the Borough Council for funding for enhancing and extending the museum display.  In 2021 this fund was transferred back to the General Fund when it became clear that the Council did not wish to take up the offer. 

Community Noticeboard – this is to provide funding for a noticeboard in Chase Green Gardens. 

Canal & River Trust – History Detectives reflects a grant to provide funding to research the history of important structures on the banks of the Lee Navigation through written records and oral reminiscences. Minerva Fresco is to provide funding for a permanent establishment for the restored fragment of fresco from Broomfield House. 

PCC of ST Johns Clay Hill – a grant towards the cost of a structural survey of the building. Untold Enfield – a grant to LBE for displays, events and activities to highlight the history of Edmonton. Community noticeboard at Chase Green Gardens – a grant that provides funding for a community noticeboard 

22 



## **The Enfield Society** 

## **- Notes forming part of the un audited Financial Statements for the year ended 31 December 2022 (continued)** 

## **14 Restricted funds** 

|**Balance**<br>**1 Jan**<br>**Incoming**<br>**Outgoing**<br>**2022**<br>**resources**<br>**resources**<br>**£**<br>**£**<br>**£**<br>Green Belt Defence<br>11,532<br>-<br>-<br>Broomfield House<br>105<br>-<br>-<br>Enfield Council<br>6,200<br>-<br>-<br>The London Community<br>Foundation - Jubilee Fund Grant<br>10,000<br>(9,892)<br>_______<br>_______<br>_______<br>17,837<br>10,000<br>(9,892)<br>_______<br>________<br>________<br>**Balance**<br>**1 Jan**<br>**Incoming**<br>**Outgoing**<br>**2021**<br>**resources**<br>**resources**<br>**£**<br>**£**<br>**£**<br>Green Belt Defence<br>11,532<br>-<br>-<br>Broomfield House<br>105<br>-<br>-<br>Enfield Council<br>6,200<br>-<br>-<br>_______<br>_______<br>_______<br>17,837<br>-<br>-<br> <br> <br>|<br>**Transfers**<br>**£**<br>-<br>-<br>-<br>-<br>_______<br>-<br>________<br> <br>**Transfers**<br>**£**<br>-<br>-<br>-<br>_______<br>-<br>|**Balance**<br>**31 Dec**<br>**2022**<br>**£**<br>11,532<br>105<br>6,200<br>108<br>_______<br>17,945<br>________<br>**Balance**<br>**31 Dec**<br>**2021**<br>**£**<br>11,532<br>105<br>6,200<br>_______<br>17,837<br>|
|---|---|---|



These Restricted Funds exist for the following reasons: 

The Broomfield House Fund is to support any approved re-use of the building. 

The Green Belt Defence Fund is in order to fund campaigns, where necessary to oppose any major threats in Enfield. 

The Enfield Council Fund is funding provided to encourage communities and support volunteers in Edmonton to clean up the streets and have pride in their local area. 

The London Community Foundation - Jubilee Fund Grant is a grant provided to celebrate Her Majesty The Queen’s Platinum Jubilee celebrations. 

## **15 Related Party Transactions** 

The Society pays an insurance premium based on turnover for professional indemnity insurance for its Directors and Trustees. The sum paid is included in the general insurance premium. 

23