Enkalon Foundation Annual report
for the year ended 5 April 2025
Enkalon Foundation
Annual report for the year ended 5 April 2025
| Pages | |
|---|---|
| Trustees and advisors | 1 |
| Trustees' report | 2 - 10 |
| Independent auditors' report | 11 |
| Statement of financial activities | 12 |
| Note of historical cost profits and losses | 13 |
| Balance sheet | 14 |
| Cash flow statement | 15 |
| Notes to the financial statements | 16 - 21 |
Enkalon Foundation
1
Trustees and advisors
The Charities Commission for Northern Ireland: Registration number NIC 103528
Trustees
Mr Peter Dalton Mr Stephen Montgomery Mr Mark Patterson Mr John Wallace Ms Janet Hume
Registered Address
Enkalon Foundation, Po Box 126 Antrim BT41 9DF
Key Management Team
Mrs Claire Cawley Enkalon Foundation, Po Box 126 Antrim BT41 9DF
Solicitors
Johns Elliot 40 Linenhall Street Belfast BT2 8BA
Bankers
Danske Bank Limited 42 High Street Antrim BT41 4AP
Investment advisors
Quilter Cheviot 32-38 Linenhall Street Belfast BT2 8BG
Independent auditors
DC Corr and company Chartered Accountants 29B Main Street Randalstown BT41 3AB
Enkalon Foundation
2
Trustees' report for the year ended 5 April 2025
The Trustees of the Enkalon Foundation present their annual report and the audited financial statements for the year ended 5 April 2025.
The information with respect to Trustees and advisors set out on page 1 forms part of this report. The Trustees have prepared the financial statements in accordance with the Foundation's trust deed, applicable Accounting Standards in the United Kingdom (FRS 102), the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" issued in March 2015, and in accordance with the Charities Act (Northern Ireland) 2008.
Objectives and activities / Public benefit
The principal objectives of the Foundation are to provide assistance to charitable organisation in Northern Ireland, particularly in the Antrim area and, in certain circumstances as specified by the Trustees, to ex employees of British Enkalon, Antrim and their families. The public benefits of the charity are:
| 1. | The prevention or relief of poverty; |
|---|---|
| 2. | The advancement of education; |
| 3. | The advancement of health and saving lives; |
| 4. | The advancement of citizenship or community development; |
| 5. | The advancement of the arts, culture, heritage or science; |
| 6. | The advancement of amateur sport; |
| 7. | The advancement of human rights, conflict resolution or a reconciliation or promotion of religious |
| and racial harmony; | |
| 8. | The relief of those in need by reason of youth, ill health, disability, financial hardship or other disadvantage; and |
| 9. | The advancement of animal welfare |
The Trustees confirm that the charity has complied with the public interest statutory guidance issued under section 4 of the Charities (Northern Ireland) Act 2008
Review of activities, achievements and performance
The Trustees consider the results for the year and the position of the Foundation at the end of the year to be satisfactory. The Foundation made 227 donations amounting to £195,069
| The four largest donations made from the General fund were: | ||
|---|---|---|
| Bridge Association Antrim | £ | 15,000 |
| National Autistic Society - Randalstown | £ | 5,477 |
| Northern Ireland Hospice- Antrim | £ | 3,000 |
| Randalstown Arches Festival | £ | 3,000 |
3
Enkalon Foundation
Trustees' report for the year ended 5 April 2025 (continued)
Review of activities, achievements and performance (continued)
By the end of this financial year the Enkalon Foundation had exceeded £7,271,993 in donations since its foundation .
The trustees have become more circumspect in assessment of funding requests.The level of equipment granted to ex employees of British Enkalon, Antrim remains at a high level. This is to be expected as the average age of ex employees and their immediate families increases year by year.
The organisations and individuals assisted are noted on pages 6 to 10 of the report. The Trustees will continue to take steps to improve financial performance in 2025 and beyond, to ensure the Foundation can continue to provide assistance to charitable organisations in Northern Ireland and ex employees and their families. An analysis of the geographical division of donations issued is as follows:
| Within the former Antrim Borough area Within the rest of Northern Ireland |
£ Number 139,034 £ 146 56,035 £ 81 |
|---|---|
| 195,069 £ 227 |
Financial review
The Foundation's income decreased to £247,315 from £253,039 when compared to the prior year. The increase was attributable to higher returns received from Fixed Interest Securities and Unitised Funds during the year.
The market value of investment assets has decreased by £266,201 from the previous accounting year as disclosed in note 9 of the financial statements.
Reserves policy
The Foundation's objective is to retain a level of free reserves in order to provide sufficient income to continue with its charitable activities. Free reserves are those unrestricted reserves excluding fixed assets, equities, fixed interest securities and unitised funds. As 5 April 2025 the level of free reserves was £195,720 (2024: £152,614). The increase in free reserves from the prior year is due primarily due to the increase in investment cash held by the Foundation's stock brokers at the year end of £105,474 along with fluctuating returns and gains experienced from investments held.
The Foundation's aim is to retain sufficient free reserves equivalent to approximately nine to twelve months annual expenditure. This level of reserves will match the needs of the Foundation both at the current time and in the foreseeable future. The Foundation's annual income from investments is sufficient to meet the annual costs of donations and support costs in running the Foundation. The Reserves policy will be reviewed on an annual basis.
Reference and administrative details
Details of the registered office, Trustees, advisors and other relevant information are given on page 1.
Structure, governance and management
Enkalon Foundation is a charity constituted by a Trust Deed recognised as a charity by the Inland Revenue, number XN62210 and by the Charity Commission (NI), number NIC 103528
Trustees are appointed by the existing Trustees when considered necessary, in accordance with the Trust deed. The Foundation has an induction programme for new Trustees who are advised of their legal responsibilities.
There are currently five Trustees who have overall responsibility for the Foundation. During the year four Trustee meetings were held.
Enkalon Foundation
4
Trustees' report for the year ended 5 April 2025 (continued)
Grant making policy
The Foundation invites applications for the funding of grants from charitable organisations and individual ex employees or their immediate family who require healthcare equipment within Northern Ireland, particularly in the Antrim area.
Applications are assessed against requirements as set out in the Foundation Guidelines and in accordance with the objectives of the Foundation. Where or when applications meet these requirements they are submitted to the Trustees at the Meetings (quarterly) for a decision which is then communicated to the applicant. Individual applications from ex employees and their families are reviewed against set criteria and considered by the Trustees who review the application bearing in mind the Foundations policies. Their decision is communicated to the individual applicant.
Risk management
The Trustees review the major risks which the Foundation faces and believe that achieving the free reserves at the level stated above provides sufficient resources in the event of adverse conditions. The Trustees examine business and other operational risks faced by the Foundation and confirm that systems to monitor and mitigate significant risks are in place. Risks considered on annual basis.
Investment policy
The Foundation invests in cash deposits, fixed interest securities, unitised funds and individual securities following recommendations from professional advisors for the purpose of generating income.
Plans for future periods
Ongoing global and local uncertainty continue to impact our income and this means we will remain circumspect in assessment of funding requests. Given the degree of uncertainty for the foreseeable future that approach is unlikely to change.
Statement of Trustee's responsibilities
The Trustees are responsible for preparing the Trustees' report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in Northern Ireland 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 Foundation and of the incoming resources and application of resources of the Foundation for that period. In preparing the financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis, unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Foundation and to enable them to ensure that the financial statements comply with the Charities Act (Northern Ireland) 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
5
Enkalon Foundation
Trustees' report for the year ended 5 April 2025 (continued)
Statement of disclosure on information to auditors
So far as each Trustees in office at the date of approval of these financial statements is aware:
-
there is no relevant audit information of which the Foundation's auditors are unaware; and
-
they have taken all the steps that they ought to have taken as Trustees in order to make themselves aware of any relevant audit information and to establish that the Foundation's auditors are aware of that information.
Independent auditors
The auditors, DC Corr and Comapany, have indicated their willingness to continue in office and a resolution concerning their reappointment will be proposed at the Annual General Meeting.
On behalf of the Board
Date: 26-Sep-25
Mr Peter Dalton
Trustee
Enkalon Foundation
Trustees' report for the year ended 5 April 2025 (continued)
Pledges and Donations Paid During Financial Year 06/04/2024 - 05/04/2025
Index to Abbreviations:
(P/07103) (Pledge payment honoured) (*) (Antrim Borough Area)
| Ast No. 24083 24032 24031 24028 24026 24042 24068 24067 24063 24061 24060 24059 24058 24057 24056 24055 24053 24052 24051 24052 24049 24047 24046 24044 24043 24033 24035 24037 24038 24039 24041 23097/4 23124/4 23111 24086 24089 24090 24091 24094 P/23203 24092 24096 24097 P/23203 24062 24095 24074 24088 |
Organisation CAB Fuel Poverty Scheme Hearing Dogs for Deaf People - Co. Antrim The Speedwell Trust - Dungannon Belfast YMCA Life NI - Belfast Northern Ireland Deaf Sports L'Arche - Belfast Have Your Tomorrows - Derry Northern Ireland Hospice - Antrim Lisburn Downtown Centre Charis Cancer Care - NI Crosskennan Lance Animal Sanctuary - Antrim Dogs Trust - Ballymena DU Dance - Belfast The Ulster New Zealand Trust - Glenavy Menopause Together - Antrim Interact Stroke - Whiteabbey leonard Cheshire - NI British Liver Trust - NI Benbradagh Community Support - Dungiven Read For Good - Belfast Bannagh Community Project - Kesh TACA - Templepatrick Muscular Dystrophy - NI Tools for Solidarity - Downpatrick Association of Ulster Drama Festivals - Newtownabbey Millennium Forum - Derry NSPCC - NI Lough Neagh Rescue - Antrim Aware Defeat Depression - Antrim Northern Ireland Group of Flower Arrangements - Antrim Moving Forward Together ABCL&N Women's Aid - Antrim PRSPR Antrim CAB Fuel Poverty Scheme CAB Fuel Poverty Scheme CAB Fuel Poverty Scheme CAB Fuel Poverty Scheme Ex Emp Equip Purchase Food Bank - Antrim CAB Fuel Poverty Scheme Ex Emp Equip Purchase Ex Emp Equip Purchase Food Bank - Antrim Randalstown Arches Festival CAB Fuel Poverty Scheme Friends of Maine Primary School Ballymena Music Festival School Transport Support £150 per school (Creavery Primary School) (Antrim Primary School) |
Amount Awarded 200.00 1,500.00 500.00 500.00 1,000.00 500.00 500.00 500.00 3,000.00 500.00 1,035.00 2,000.00 500.00 500.00 500.00 1,000.00 500.00 500.00 1,000.00 500.00 1,000.00 500.00 500.00 500.00 500.00 500.00 500.00 1,000.00 2,006.00 1,000.00 1,000.00 2,500.00 2,250.00 500.00 200.00 200.00 200.00 200.00 1,640.00 500.00 200.00 3,880.00 3,880.00 500.00 3,000.00 200.00 500.00 600.00 |
6 Date Sent 09/04/24 10/04/24 10/04/24 10/04/24 10/04/24 10/04/24 10/04/24 10/04/24 10/04/24 10/04/24 10/04/24 10/04/24 10/04/24 10/04/24 10/04/24 10/04/24 10/04/24 10/04/24 10/04/24 10/04/24 10/04/24 10/04/24 10/04/24 10/04/24 10/04/24 10/04/24 10/04/24 10/04/24 10/04/24 10/04/24 10/04/24 10/04/24 10/04/24 10/04/24 23/04/24 23/04/24 23/04/24 23/04/24 23/04/24 01/05/24 15/05/24 15/05/24 15/05/24 01/06/24 01/06/24 05/06/24 05/06/24 20/06/24 |
|---|---|---|---|
7
Enkalon Foundation
Trustees' report for the year ended 5 April 2025 (continued)
| Pledges and | Pledges and | Donations Paid During Financial Year 06/04/2024 - 05/04/2025 | ||
|---|---|---|---|---|
| * | (Mount St Michael's Primary School) | |||
| * | (Moneynick Primary School) | |||
| * | 24088 | Ballymena Music Festival Prizes |
250.00 | 25/06/24 |
| * | 24098 | CAB Fuel Poverty Scheme |
200.00 | 25/06/24 |
| * | 24143 | Ex Emp Equip Purchase |
3,880.00 | 25/06/24 |
| * | P/23203 | Food Bank - Antrim |
500.00 | 01/07/24 |
| 24030 | Liberty Consortium |
500.00 | 06/07/24 | |
| 24048 | Bruiser Theatre Company |
500.00 | 06/07/24 | |
| 24066 | Extern Northern Ireland |
500.00 | 06/07/24 | |
| * | 24137 | Antrim School of Music CIC |
1,000.00 | 17/07/24 |
| 24101 | NI Mixed Marriage | 500.00 | 17/07/24 | |
| * | 24103 | Antrim Community Fridge | 1,000.00 | 17/07/24 |
| * | 24105 | Antrim Hockey Club | 1,500.00 | 17/07/24 |
| * | 24109 | Impact Network NI - Randalstown | 700.00 | 17/07/24 |
| 24111 | Multiple Sclerosis Trust - NI | 500.00 | 17/07/24 | |
| 24112 | Formidable Sea Cadets | 500.00 | 17/07/24 | |
| * | 24113 | Randalstown Community Playgroup | 500.00 | 17/07/24 |
| 24114 | SENAC - NI | 1,000.00 | 17/07/24 | |
| * | 24115 | Killead & Gartree - Antrim | 500.00 | 17/07/24 |
| 24116 | Huntingtons Disease Assoc - NI | 500.00 | 17/07/24 | |
| 24117 | FND Matters - Belfast | 500.00 | 17/07/24 | |
| 24118 | Society for Mucopolysaccharide - NI | 500.00 | 17/07/24 | |
| 24119 | Bipolar UK - NI | 500.00 | 17/07/24 | |
| 24121 | Derry Well Woman | 500.00 | 17/07/24 | |
| 24122 | Lets Do Veterans Support - Downpatrick | 1,000.00 | 17/07/24 | |
| 24125 | Ulster Orchestra Society - NI | 1,000.00 | 17/07/24 | |
| 24126 | Mid & East Antrim Agewell Partnership - Broughshane | 500.00 | 17/07/24 | |
| 24127 | Tanvalley and Anaghlone Partnership - Banbridge | 500.00 | 17/07/24 | |
| 24130 | Kintsugi Hope - NI | 500.00 | 17/07/24 | |
| 24131 | Age NI | 500.00 | 17/07/24 | |
| * | 24133/1 | Women's Aid ABCLN | 2,062.50 | 17/07/24 |
| * | 24134 | Creavery PTA - Randalstown | 500.00 | 17/07/24 |
| * | 24139 | The Gaitway Organisation - Antrim | 1,500.00 | 17/07/24 |
| * | 24140 | Antrim Hospital Radio | 430.00 | 17/07/24 |
| * | 24141 | Sense Trust - Antrim | 500.00 | 17/07/24 |
| P/23154 | Green Shoot Productions - NI | 500.00 | 19/07/24 | |
| * | 24148 | Ex Emp Equip Purchase | 3,880.00 | 19/07/24 |
| 23268 | NI International Youth Cup | 1,000.00 | 23/07/24 | |
| * | P/23203 | Food Bank - Antrim | 500.00 | 01/08/24 |
| * | 24087 | Ex Emp Equip Purchase | 3,360.00 | 20/08/24 |
| * | 24142 | CAB Fuel Poverty Scheme | 200.00 | 20/08/24 |
| * | 24144 | CAB Fuel Poverty Scheme | 200.00 | 20/08/2024 |
| * | 24145 | CAB Fuel Poverty Scheme | 200.00 | 20/08/2024 |
| * | 24146 | CAB Fuel Poverty Scheme | 200.00 | 20/08/2024 |
| * | 24147 | CAB Fuel Poverty Scheme | 200.00 | 20/08/2024 |
| * | 24149 | CAB Fuel Poverty Scheme | 200.00 | 20/08/2024 |
| * | 24150 | CAB Fuel Poverty Scheme | 200.00 | 20/08/2024 |
| * | 23185 | Young Enterprise - Antrim | 1,500.00 | 28/08/2024 |
| * | 24151 | CAB Fuel Poverty Scheme | 200.00 | 03/09/2024 |
| * | 24152 | CAB Fuel Poverty Scheme | 200.00 | 03/09/2024 |
| * | 24153 | CAB Fuel Poverty Scheme | 200.00 | 03/09/2024 |
| * | P/23203 | Food Bank - Antrim | 500.00 | 03/09/2024 |
| * | 24193 | CAB Fuel Poverty Scheme - Gas & Electric | 1,000.00 | 12/09/2024 |
| * | 24155 | CAB Fuel Poverty scheme | 200.00 | 12/09/2024 |
| * | 24156 | CAB Fuel Poverty Scheme | 200.00 | 12/09/2024 |
| * | 24157 | CAB Fuel Poverty Scheme | 200.00 | 12/09/2024 |
| * | 24194 | Ex Emp Equip Purchase | 980.00 | 12/09/2024 |
| * | 24195 | CAB Fuel Poverty Scheme | 200.00 | 24/09/2024 |
| * | 24154 | CAB Fuel Poverty Scheme | 200.00 | 08/10/2024 |
| * | 24196 | CAB Fuel Poverty Scheme | 200.00 | 08/10/2024 |
| * | 24197 | CAB Fuel Poverty Scheme | 200.00 | 08/10/2024 |
| * | 24198 | CAB Fuel Poverty Scheme | 200.00 | 08/10/2024 |
| * | 24199 | CAB Fuel Poverty Scheme | 200.00 | 08/10/2024 |
Enkalon Foundation
Trustees' report for the year ended 5 April 2025 (continued)
| Pledges and | Pledges and | Donations Paid During Financial Year 06/04/2024 - 05/04/2025 | |||
|---|---|---|---|---|---|
| * | 24200 | CAB Fuel Poverty Scheme | 200.00 | 08/10/2024 | 8 |
| * | 24201 | CAB Fuel Poverty Scheme | 200.00 | 08/10/2024 | |
| * | P/24202 | Food Bank - Antrim | 500.00 | 08/10/2024 | |
| 24136 | Boys Brigade East Antrim Battalion Heritage Society | 500.00 | 11/10/2024 | ||
| 24100 | West Wellbeing Suicide Prevention - NI | 500.00 | 11/10/2024 | ||
| 24158 | Happy Days - Belfast | 1,000.00 | 11/10/2024 | ||
| 24159 | Lifestart Foundation - Derry | 500.00 | 11/10/2024 | ||
| 24160 | Overcoming MS - NI | 500.00 | 11/10/2024 | ||
| * | 24161 | All About Us - Antrim | 1,000.00 | 11/10/2024 | |
| 24162 | Rosie's Trust - Co. Antrim | 1,000.00 | 11/10/2024 | ||
| 24163 | Horation's Garden - Belfast | 1,000.00 | 11/10/2024 | ||
| 24164 | City of Derry International Choir Festival | 1,000.00 | 11/10/2024 | ||
| 24166 | Aghalee Village Hall - Craigavon | 500.00 | 11/10/2024 | ||
| 24167 | Stendhal Community Yarnbombers - Limavady | 500.00 | 11/10/2024 | ||
| 24169 | AT Society - NI | 500.00 | 11/10/2024 | ||
| 24171 | Armstrong Storytelling - Cushendall | 500.00 | 11/10/2024 | ||
| * | 24172 | Naomh Seamus GAC - Crumlin | 1,000.00 | 11/10/2024 | |
| 24174 | Willowfield Parish - Belfast | 500.00 | 11/10/2024 | ||
| 24179 | Church Army - Belfast | 500.00 | 11/10/2024 | ||
| 24180 | Caring Breaks - NI | 1,000.00 | 11/10/2024 | ||
| 24181 | The BenedettI Foundation - South Eastern Region | 500.00 | 11/10/2024 | ||
| 24183 | Glen Rural Community Group - Armoy | 500.00 | 11/10/2024 | ||
| 24189 | Ballyclare Rugby Club | 1,500.00 | 11/10/2024 | ||
| 24190 | Homeplus NI - Belfast | 500.00 | 11/10/2024 | ||
| 24191 | Compassion Group - Ballymena | 500.00 | 11/10/2024 | ||
| * | 24192 | Lightwork NI - Antrim | 1,540.00 | 11/10/2024 | |
| * | 24204 | CAB Fuel Poverty Scheme | 200.00 | 24/10/2024 | |
| * | 24205 | CAB Fuel Poverty Scheme | 200.00 | 24/10/2024 | |
| * | 24206 | CAB Fuel Poverty Scheme | 200.00 | 24/10/2024 | |
| * | 24207 | CAB Fuel Poverty Scheme | 200.00 | 24/10/2024 | |
| * | 24209 | CAB Fuel Poverty Scheme | 200.00 | 24/10/2024 | |
| * | P/24202 | Food Bank - Antrim | 500.00 | 01/11/2024 | |
| * | 24211 | Ex Emp Equip Purchase | 4,300.00 | 07/11/2024 | |
| * | 24212 | Ex Emp Equip Purchase | 275.00 | 07/11/2024 | |
| 23064 | Livability - Belfast | 1,000.00 | 12/11/2024 | ||
| * | 24203 | Antrim Community Support | 3,000.00 | 14/11/2024 | |
| * | 24133/2 | Women's Aid ABCLN | 2,062.50 | 19/11/2024 | |
| * | P/24202 | Food Bank - Antrim | 500.00 | 01/12/2024 | |
| * | 24213 | CAB Fuel Poverty Scheme | 200.00 | 02/12/2024 | |
| * | 24233 | CAB Fuel Poverty Scheme | 200.00 | 02/12/2024 | |
| * | 24243 | CAB Fuel Poverty Scheme | 200.00 | 02/12/2024 | |
| * | 24244 | CAB Fuel Poverty Scheme | 200.00 | 02/12/2024 | |
| * | 24245 | CAB Fuel Poverty Scheme | 200.00 | 02/12/2024 | |
| * | 24246 | CAB Fuel Poverty Scheme | 200.00 | 02/12/2024 | |
| * | 24247 | Women's Aid ABCLN | 2,000.00 | 02/12/2024 | |
| * | 24248 | Food Bank Antrim | 2,000.00 | 02/12/2024 | |
| * | 24249 | Riverside School | 300.00 | 02/12/2024 | |
| 24250 | Castle Tower School | 900.00 | 02/12/2024 | ||
| 24251 | Hillcroft Special School | 300.00 | 02/12/2024 | ||
| 24252 | Rosstulla Special School | 300.00 | 02/12/2024 | ||
| 24253 | Jordanstown School | 300.00 | 02/12/2024 | ||
| * | 24254 | CAB Fuel Poverty Scheme | 200.00 | 12/12/2024 | |
| * | 24255 | CAB Fuel Poverty Scheme | 200.00 | 12/12/2024 | |
| * | 24256 | CAB Fuel Poverty Scheme | 200.00 | 12/12/2024 | |
| * | 24257 | CAB Fuel Poverty Scheme | 200.00 | 12/12/2024 | |
| * | 24258 | CAB Fuel Poverty Scheme | 200.00 | 20/12/2024 | |
| * | 24260 | CAB Fuel Poverty Scheme | 200.00 | 20/12/2024 | |
| * | 24175 | Fresh Minds Education - Antrim | 2,000.00 | 21/12/2024 | |
| * | 24188 | High Street Presbyterian Church - Antrim | 893.00 | 21/12/2024 | |
| P/23250/2 | Combat Stress - NI | 1,000.00 | 27/12/2024 | ||
| * | 24225 | Antrim Art Club | 500.00 | 27/12/2024 | |
| 24214 | PBC Foundation - NI | 500.00 | 27/12/2024 | ||
| 24215 | Sailor's Childrens Society - NI | 500.00 | 27/12/2024 |
Enkalon Foundation
Trustees' report for the year ended 5 April 2025 (continued)
Pledges and Donations Paid During Financial Year 06/04/2024 - 05/04/2025
| 24216 | Shine - Co Antrim | 500.00 | 27/12/2024 | 9 | |
|---|---|---|---|---|---|
| 24217 | Belfast Central Mission | 1,000.00 | 27/12/2024 | ||
| 24219 | Glor Uachtar Tire - Castlewellan | 500.00 | 27/12/2024 | ||
| 24220 | Glow NI - Belfast | 500.00 | 27/12/2024 | ||
| 24221 | React - NI | 2,000.00 | 27/12/2024 | ||
| 24226 | Ulster Youth Orchestra - NI | 2,000.00 | 27/12/2024 | ||
| 24228 | Willow Foundation - NI | 2,000.00 | 27/12/2024 | ||
| * | 24229 | Randalstown Rugby Club | 1,500.00 | 27/12/2024 | |
| 24231 | Tall Ships Youth Trust - NI | 1,200.00 | 27/12/2024 | ||
| * | 24234/1 | Moving Forward Together | 2,250.00 | 27/12/2024 | |
| 24235 | Headway - NI | 1,000.00 | 27/12/2024 | ||
| * | 24236 | Youth Lyric - Antrim | 2,000.00 | 27/12/2024 | |
| * | 24240 | Historic Royal Palaces - Antrim | 1,000.00 | 27/12/2024 | |
| * | 24242 | National Autistic Society - Randalstown | 5,477.00 | 27/12/2024 | |
| 24237 | Macular Society - NI | 1,000.00 | 27/12/2024 | ||
| * | P/24202 | Food Bank Antrim | 500.00 | 01/01/2025 | |
| * | 25001 | CAB Fuel Poverty Scheme | 200.00 | 14/01/2025 | |
| * | 25002 | CAB Fuel Poverty Scheme | 200.00 | 14/01/2025 | |
| * | 25003 | CAB Fuel Poverty Scheme | 200.00 | 14/01/2025 | |
| * | 24208 | CAB Fuel Poverty Scheme | 200.00 | 14/01/2025 | |
| * | 24210 | CAB Fuel Poverty Scheme | 200.00 | 14/01/2025 | |
| * | 24259 | CAB Fuel Poverty Scheme | 200.00 | 14/01/2025 | |
| * | P/24071 | Crumlin PS | 500.00 | 14/01/2025 | |
| * | P/23091 | Bridge Association Antrim | 15,000.00 | 14/01/2025 | |
| * | P/24133/3 | Women's Aid ABCLN | 2,064.50 | 16/01/2025 | |
| * | 25006 | CAB Fuel Poverty Scheme - Gas & Electric | 1,000.00 | 22/01/2025 | |
| * | 25004 | CAB Fuel Poverty Scheme | 163.73 | 22/01/2025 | |
| * | 25005 | CAB Fuel Poverty Scheme | 200.00 | 22/01/2025 | |
| * | 25007 | CAB Fuel Poverty Scheme | 200.00 | 24/01/2025 | |
| * | P/24202 | Food Bank Antrim | 500.00 | 01/02/2025 | |
| * | 24241 | Antrim Karate Club | 1,000.00 | 04/02/2025 | |
| * | 25009 | Ex Emp Equip Purchase | 3,880.00 | 04/02/2025 | |
| * | 25008 | CAB Fuel Poverty Scheme | 200.00 | 04/02/2025 | |
| * | 25014 | Ex Emp Equip Purchase | 3,880.00 | 24/02/2025 | |
| * | 25010 | CAB Fuel Poverty Scheme | 200.00 | 24/02/2025 | |
| * | 25011 | CAB Fuel Poverty Scheme | 200.00 | 24/02/2025 | |
| * | 25012 | CAB Fuel Poverty Scheme | 200.00 | 24/02/2025 | |
| * | 25013 | CAB Fuel Poverty Scheme | 200.00 | 24/02/2025 | |
| * | P/24202 | Food Bank Antrim | 500.00 | 01/03/2025 | |
| * | 25015 | CAB Fuel Poverty Scheme | 200.00 | 05/03/2025 | |
| * | 25016 | CAB Fuel Poverty Scheme | 200.00 | 05/03/2025 | |
| * | 25017 | CAB Fuel Poverty Scheme | 200.00 | 18/03/2025 | |
| * | 25018 | CAB Fuel Poverty Scheme | 200.00 | 18/03/2025 | |
| * | P/24178 | Randalstown Cultural Awareness Association | 500.00 | 18/03/2025 | |
| * | P/24218 | Taylorstown Cross Community Complex - Toomebridge | 500.00 | 24/03/2025 | |
| * | 25061 | CAB Fuel Poverty Scheme | 200.00 | 24/03/2025 | |
| * | P/24202 | Food Bank Antrim | 500.00 | 01/04/2025 | |
| * | 24234/2 | Moving Forward Together | 2,250.00 | 04/04/2025 | |
| * | 25062 | CAB Fuel Poverty Scheme | 200.00 | 04/04/2025 | |
| * | 25064 | CAB Fuel Poverty Scheme | 200.00 | 04/04/2025 | |
| * | 25065 | CAB Fuel Poverty Scheme | 200.00 | 04/04/2025 | |
| * | P/24072 | Randalstown Central Primary School PTA | 500.00 | 04/04/2025 | |
| Total 05/04/25 | 195,069.23 |
Enkalon Foundation
10
Trustees' report for the year ended 5 April 2025 (continued)
Donations are analysed as follows:
| Northern Ireland Year End 05/04/1987 05/04/1988 05/04/1989 05/04/1990 05/04/1991 05/04/1992 05/04/1993 05/04/1994 05/04/1995 05/04/1996 05/04/1997 05/04/1998 05/04/1999 05/04/2000 05/04/2001 05/04/2002 05/04/2003 05/04/2004 05/04/2005 05/04/2006 05/04/2007 05/04/2008 05/04/2009 05/04/2010 05/04/2011 05/04/2012 05/04/2013 05/04/2014 05/04/2015 05/04/2016 05/04/2017 05/04/2018 05/04/2019 05/04/2020 05/04/2021 05/04/2022 05/04/2023 05/04/2024 From 06/04/2024 up to and incl. 05/04/25 Grand Total as at 06/03/25 |
Amount Donated 36,200.00 135,750.00 176,500.00 159,650.00 110,595.27 115,200.00 123,150.00 113,510.00 94,500.00 75,884.00 129,391.78 117,721.80 121,148.48 125,415.50 177,999.00 131,472.36 166,612.00 149,556.50 99,786.71 105,207.96 124,391.84 152,506.45 169,687.19 159,252.32 278,973.07 170,457.07 297,873.51 252,202.65 236,345.04 259,777.55 573,301.11 276,184.60 357,160.35 270,647.00 272,915.92 238,618.85 239,254.92 282,122.76 £195,069.23 7,271,992.79 |
Number of Donations 30 113 161 168 140 178 170 194 202 146 226 199 192 188 275 197 239 253 202 226 233 241 286 279 304 220 258 299 306 295 224 248 244 246 227 240 280 264 227 8,620 |
Donations made in | Donations made in | the former Antrim Borough |
|---|---|---|---|---|---|
Area (included in |
11
Enkalon Foundation
Independent auditors' report to the Trustees of Enkalon Foundation
Opinion
We have audited the financial statements of Enkalon Foundation for the year ended 5 April 2025 which comprise the Statement of Financial Activities (including income and expenditure account), the note of historical cost profits and losses, the Balance Sheet and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice, FRS 102).
In our opinion the financial statements:
-
give a true and fair view of the state of the Foundation's affairs as at 5 April 2025, and of its incoming and application of resources, including its income and expenditure, for the year then ended;
-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis of opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the trustees annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report. we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations (Northern Ireland) 2015 require us to report to you if, in our opinion:
-
the information given in the financial statements is inconsistent in any material respect with the trustees’ report; or
-
the charitable company has not kept adequate accounting records; or
-
the financial statements are not in agreement with the accounting records and returns; or
-
we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the trustees’ responsibilities statement set out on page 4, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
Auditor’s responsibilities for the audit of the financial statements
We have been appointed as auditor under section 65(2)3 of the Charities Act (Northern Ireland) 2008 and report in accordance with regulations made under section 66 of that Act.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/Our-Work/Audit/Audit-andassurance/Standards-and-guidance/Standards-and-guidance-for-auditors/Auditors-responsibilities-for-audit/Description-of-auditors-responsibilities-foraudit.aspx. This description forms part of our auditor’s report.
Use of our report
This report is made solely to the charitable company’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations (Northern Ireland) 2015. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Signed DC (CA) NI Limited Dermot Corr FCA Senior Statutory Auditor 29B Main Street For & on behalf of DC CA (NI) Limited t/a DC Corr & Company Randalstown, BT41 3AB Date _ 26-Sep-25
Enkalon Foundation
12
Statement of financial activities (including income and expenditure account) for the year ended 5 April 2025
| Unrestricted | |||
|---|---|---|---|
| Funds | Funds | ||
| 2025 | 2024 | ||
| Notes | £ | £ | |
| Income from: | |||
| Incoming resources from generated funds | |||
| Donations | 0 | 0 | |
| Investments | 3 | 247,315 | 253,038 |
| Total incoming resources | 247,315 | 253,038 | |
| Expenditure on: | |||
| Costs of generating funds | |||
| Investment management costs | 29,348 | 27,610 | |
| Charitable activities | |||
| Charitable donations, support and governance costs | |||
| incurred in running the Foundation | 4 | 274,552 | 356,708 |
| Total resources expended | 303,900 | 384,318 | |
| Net incoming resources before recognised | (56,585) | (131,280) | |
| gains | |||
| Unrealisedgains(losses)on investment assets | (266,201) | 301,152 | |
| Net movement in funds | (322,786) | 169,872 | |
| Reconciliation of funds | |||
| Total funds brought forward | 6,942,111 | 6,772,239 | |
| Total funds carried forward | 6,619,325 | 6,942,111 |
All income and expenditure are in respect of unrestricted funds
All income and expenditure are derived from continuing activities.
The Foundation has no recognised gains and losses other than the results above and therefore no separate statement of the total recognised gains and losses have been presented.
The notes on pages 16 to 21 form part of these accounts.
Enkalon Foundation
13
Note of historical cost profits and losses for the year ended 5 April 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Reported net movement in funds | (322,786) | 169,872 |
| Unrealised(gains)lossses foryear(note 9) | 266,201 | (301,152) |
| Historical cost net movement in funds | (56,585) | (131,280) |
Enkalon Foundation
14
Balance sheet as at 5 April 2025
| Notes | 2025 | 2024 | |
|---|---|---|---|
| £ | £ | ||
| Fixed Assets and investments | |||
| Fixed assets | 8 | 3,465 | 4,620 |
| Investments | 9 | 6,525,613 | 6,864,429 |
| 6,529,078 | 6,869,049 | ||
| Current assets and liabilities | |||
| Debtors | 10 | 41,796 | 44,646 |
| Cash and cash equivalents | 11 | 59,489 | 39,169 |
| Creditors: amounts fallingdue within oneyear | 12 | (11,038) | (10,753) |
| Net current assets | 90,247 | 73,062 | |
| Net assets | 6,619,325 | 6,942,111 | |
| Funds | |||
| Unrestricted income fund | 6,619,325 | 6,942,111 | |
| Revaluation reserve | 0 | 0 | |
| Unrestricted | 6,619,325 | 6,942,111 | |
| (0) | (0) |
The notes on pages 16 to 21 form part of these accounts.
Approved by the Trustees on 26/09/2025
Mr Peter Dalton
Trustee
15
Enkalon Foundation
Cash flow statement as at 5th April 2025
Indirect method
| Notes | 2025 | 2024 | |
|---|---|---|---|
| £ | £ | ||
| Cash flow from operating activities | |||
| Net movement in funds | (322,786) | 169,872 | |
| Unrealised Losses (gains) on investment assets | 266,201 | (301,152) | |
| Depreciation | 1,155 | 1,540 | |
| Decrease (increase) in debtors | 2,850 | (7,441) | |
| Increase (decrease) in creditors | 285 | (2,288) | |
| (52,293) | (139,469) | ||
| Cash flows from investing activities | |||
| Fixed assets purchased | 0 | 0 | |
| Investments purchased | (657,423) | (509,811) | |
| Investments sold | 730,036 | 666,703 | |
| 72,613 | 156,892 | ||
| Cash flows from financing activities | |||
| 0 | 0 | ||
| Net increase (decrease) in cash and cash equivalents | 20,320 | 17,423 | |
| Cash and cash equivalents at the start of the financialyear | 39,169 | 21,746 | |
| Cash and cash equivalents at the end of the financial year | 59,489 | 39,169 |
The notes on pages 16 to 21 form part of these accounts.
Enkalon Foundation
16
Notes to the financial statements for the year ended 5 April 2025
1 Accounting policies
These financial statements are prepared on the going concern basis under the historical cost convention, as modified by the revaluation of certain investments, and in accordance with applicable accounting standards including the Statement of Recommended Practice on "Accounting and Reporting by Charities" issued in 2015. The principal accounting policies are set out below.
Income
All income is included in the Statement of Financial Activities when the Foundation judges it's receipt is probable and the amount can be quantified with reasonable accuracy.
Investment income
Income form equities, fixed interest and unitised funds are accounted for in a receivable basis.
Interest on cash deposits
Interest on cash deposits is accounted for on the accruals basis.
Expenditure
Resources expended relate directly to the Foundation's objective. All expenditure is accounted for on an accruals basis and has been clarified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources.
Charitable activities
Charitable activity costs include expenditure on administration and governance of the Foundation and compliance with constitutional and statutory requirements. All expenditure is accounted for on an accruals basis.
Governance costs
Governance costs represent audit and professional fees and are accounted for on an accruals basis.
Investments and fixed assets
Listed investments are stated at market value at the balance sheet date. Listed investments include the net gains and losses arising on revaluation and disposals throughout the year.
The cost of office equipment is its purchase cost, together with any incidental costs of acquisition. Depreciation is calculated so as to write off the cost less their estimated residual values, on a straight-line basis over the expected useful economic lives of the assets concerned. No depreciation is charged in the year of purchase. The principal annual rate used is 25% reducing balance. Capital purchases lower than £750 are expensed in period of purchase in accordance with the Trustees capitalisation policy.
It is the Foundation's policy to keep valuations up to date such that when the investments are sold there is no realised gain or loss arising. As a result the Statement of Financial Activities does not distinguish between the valuation adjustments relating to sales and those relating to continued holdings as they are together treated as changed in the investment portfolio throughout the year.
Enkalon Foundation
17
Notes to the financial statements for the year ended 5 April 2025 (continued)
1 Accounting policies (continued)
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Grants payable
Grants are recognised in the accounts as liabilities after they have been approved by the Trustees even if there are conditions attached to them. This is because there is a valid expectation by the recipients that they will receive the grant.
Funding accounting
The Foundation has various types of funds for which it is responsible and which require separate disclosure. A definition of the various types of funds is as follows;
Unrestricted funds
Unrestricted funds are funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Foundation.
Restricted funds
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Foundation for particular purposes. The cost of raising and administering such funds are charged against the specific fund. There are no restricted funds.
2 Donations
Donations relate to unrestricted donations received from 0 individuals during the year (2024; 0 individuals).
3 Investment income
| 3 Investment income |
||
|---|---|---|
| Total | Total | |
| 2025 | 2024 | |
| £ | £ | |
| Income from fixed interest securities | 35,955 | 33,569 |
| Income from unitised funds | 41,734 | 27,269 |
| Income from equities | 169,621 | 192,197 |
| Interest | 5 | 4 |
| 247,315 | 253,038 |
Enkalon Foundation
18
Notes to the financial statements for the year ended 5 April 2025 (continued)
4 Charitable activities
| 4 Charitable activities |
|||
|---|---|---|---|
| Total | Total | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Payments to: | |||
| Individual ex employees and/or their families | 49,399 | 124,127 | |
| Institutions | 145,670 | 157,996 | |
| 195,069 | 282,123 | ||
| Support Costs: | |||
| Staff costs | Note 5 | 64,693 | 59,613 |
| Rent, rates and insurance | 5,015 | 3,680 | |
| Other office costs | 5,620 | 6,753 | |
| Depreciation | 1,155 | 1,540 | |
| Governance costs | 3,000 | 3,000 | |
| 274,552 | 356,708 |
All expenditure is in respect of unrestricted funds
5 Employee information
| Employee information | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Staff costs: | ||
| Wages and salaries | 57,793 | 55,480 |
| Pension | 3,560 | 2,732 |
| National Insurance Contributions net of employment allowance | 1,719 | 1,401 |
| Historical PAYE | 1,630 | 0 |
| 64,702 | 59,613 | |
| 2025 | 2024 | |
| Number | Number | |
| The average number ofpart timepersons employed duringtheyear excludingTrustees was: | ||
| Management and administration | 1 | 1 |
In the current year one employee received emoluments in the range of £60,000 - £70,000.
No employees during the prior year received emoluments in excess of £60,000.
No Trustees received any remuneration during the year (2024: Nil). £693 (2024: £1,773) relating to the reimbursement of expenses was paid on behalf of the Trustees during year. The expenses paid in the year where as follows:
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Christmas dinner: Trustees and staff | 0 | 1,203 |
| Catering for meeting | 693 | 570 |
| Travel | 0 | 0 |
| 693 | 1,773 |
No travel expenses were paid to Trustee in current year (2024: £Nil)
Indemnity insurance for Trustees' liability has been purchased by the Foundation £995 (2024: £899)
The Foundation operates a defined contribution pension scheme.
Enkalon Foundation
19
Notes to the financial statements for the year ended 5 April 2025 (continued)
| 6 | Governance costs | 2025 | 2024 |
|---|---|---|---|
| £ | £ | ||
| Fees | paid to the Foundation's auditor for audit of the accounts | 3,000 | 3,000 |
| 3,000 | 3,000 |
7 Taxation
The Foundation is a registered charity, and as such is entitled to certain tax exemptions on income and profits from investments, and surpluses on any trading activities carried on in furtherance of the Foundation's primary objectives, if these profits and surpluses are applied solely for charitable purposes.
The Foundation is not registered for VAT and accordingly, all their expenditure is recorded inclusive of any VAT incurred.
8 Fixed assets
| 8 Fixed assets |
|
|---|---|
| Office Equipment | 2025 £ |
| Cost: Brought forward Additions Depreciation: Brought forward Charge for the year Net Book Value at 5th April 2025 Net Book Value at 5th April 2024 |
17,218 0 |
| 17,218 | |
| 12,598 1,155 |
|
| 13,753 | |
| 3,465 | |
| 4,620 |
9 Investments
| 9 Investments |
|||||
|---|---|---|---|---|---|
| Investment | Fixed interest | Unitised | |||
| cash | Equities | securities | funds | Total | |
| Cost | £ | £ | £ | £ | £ |
| At 6 April 2024 | 79,547 | 3,562,818 | 1,093,793 | 1,554,236 | 6,290,394 |
| Additions | 25,927 * | 474,917 | 156,579 | 0 | 657,423 |
| Disposals | (546,342) | (148,900) | (9,461) | (704,703) | |
| At 5 April 2025 | 105,474 | 3,491,393 | 1,101,472 | 1,544,775 | 6,243,114 |
| Unrealised | |||||
| Surplus/(deficit) | |||||
| At 6 April 2024 | 0 | 766,045 | (95,068) | (96,944) | 574,033 |
| Disposals | 0 | (3,968) | (1,100) | (20,265) | (25,333) |
| Movement inyear | 0 | (229,157) | (23,956) | (13,088) | (266,201) |
| At 5 April 2025 | 0 | 532,920 | (120,124) | (130,297) | 282,499 |
| Market value | |||||
| At 5 April 2025 | 105,474 | 4,024,313 | 981,348 | 1,414,478 | 6,525,613 |
| At 5 April 2024 | 79,547 | 4,328,863 | 998,725 | 1,457,292 | 6,864,427 |
* net movement
Enkalon Foundation
20
Notes to the financial statements for the year ended 5 April 2025 (continued)
9 Investments (continued)
Investments which represented more then 5% of the net assets of the Foundation at the year end were as follows:
| Cost value | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Mayfair Capital Investment Mgm Ltd Property Inc Trust for Charities GBP | 600,995 | 600,995 |
| M&Gsecurities limitd equities investment for Charities GBP | 393,556 | 393,556 |
| Blackrock Fund Managers Ltd BR CIF Ishs Nrth AM EqIdx Fd UK | 395,352 | 387,509 |
10 Debtors
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Prepayments and accrued income | 41,796 | 44,646 |
11 Cash and cash equivalents
Cash and cash equivalents comprise operating cash on hand and cash deposited with banks with original maturity of less than or equal to three months.
12 Creditors: amounts falling due within one year
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Accruals and deferred income | 11,038 | 10,751 | |
| 13 | Analysis of the net assets between funds | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Unrestricted funds | 6,619,325 | 6,942,115 |
Enkalon Foundation
21
Notes to the financial statements for the year ended 5 April 2025 (continued)
14 Unrestricted funds
| General | Revaluation | ||
|---|---|---|---|
| fund | reserve | Total | |
| £ | £ | £ | |
| At 6 April 2024 | 6,942,111 | 0 | 6,942,111 |
| Gain/ (loss) on revaluation of investments | (266,201) | 0 | (266,201) |
| Net incomingresources before recognisedgains and losses | (56,585) | 0 | (56,585) |
| At 5 April 2025 | 6,619,325 | 0 | 6,619,325 |
15 Related party transactions
Investments are held by Quilter Cheviot in nominee names on behalf of the Trustees of the Enkalon Foundation.
16 Contingent liabilities
In accordance with the stated accounting policy, direct charitable donations are accounted for on an accruals basis. The Foundation pledges funds to various organisations and individuals, normally payable over a three year period, subject to the fulfilment of certain conditions. Such payments are then made out of future income. The total of outstanding pledges at the year end was £64,450 (2024: £49,205).
17 Ultimate controlling party
There is no ultimate controlling party.
18 Other services provided by our auditors
In common with many other organisations of our size and nature we use our auditors to assist with the preparation of the annual report and financial statements