REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements for the Year Ended 31 August 2024 |
for |
Edmonton Community Partnership |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements for the Year Ended 31 August 2024 |
for |
Edmonton Community Partnership |
Edmonton Community Partnership |
Contents of the Financial Statements |
for the Year Ended 31 August 2024 |
Page |
Report of the Trustees | 1 | to | 9 |
Independent Examiner's Report | 10 | to | 11 |
Statement of Financial Activities | 12 |
Balance Sheet | 13 | to | 14 |
Notes to the Financial Statements | 15 | to | 21 |
Edmonton Community Partnership (Registered number: 09779726) |
Report of the Trustees |
for the Year Ended 31 August 2024 |
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). |
The Edmonton Community Partnership (ECP) is a charitable company set up by a group of Headteachers and members of the local community to provide valuable enrichment opportunities, predominantly outside of the curriculum, for young people and their families in Edmonton in order to raise aspirations and improve outcomes for those most in need. The organisation has been set up in this way, as its purposes are charitable and mainly centred on advancing the health, education, safety and wellbeing of families in deprived communities. |
ECP provides a service to schools which includes income generation for enrichment activities, project management and network management/administration to facilitate collaborative working. |
Edmonton Community Partnership (Registered number: 09779726) |
Report of the Trustees |
for the Year Ended 31 August 2024 |
OBJECTIVES AND ACTIVITIES |
Our Mission |
The organisation's overarching purpose is to "raise aspirations, outcomes and standards for children and their families within deprived communities". |
More specifically the company's objects, as outlined in the Articles of Association, are as follows: |
1) to advance in life and relieve the needs of young people in the United Kingdom by: |
a) providing advice and assistance and organizing programmes of physical and other activities that develop their skills, capacities and capabilities to enable them to participate in society as independent, mature and responsible individuals. |
b) providing advice and assistance and organising activities that enhance their health, safety and well-being; |
c) providing information about other organisations which provide activities, services, and facilities and which are established for the relief of need of young people and their parents and carers; and |
d) providing recreational and leisure time activities in the interests of social welfare, designed to improve their conditions of life. |
(2) to advance the education of children, young people and their families and carers for the public benefit in the United Kingdom in particular but not exclusively by: |
a) promoting co-operation and collaboration between schools and other educational bodies and the wider community in which the schools operate; |
b) the provision of services, facilities and activities to develop the capacity and skills of parents and carers of children and young people to enable them to engage more with the education of, and to identify and help meet the needs of, the children and young people in their care; |
c) the provision of training to individuals involved in the education and pastoral care of children and young people in order to equip them with the skills required to deliver such education and to support the social and emotional wellbeing of the children and young people in their care. |
(3) promoting the efficiency and effectiveness of schools and other educational bodies which have charitable purposes and the effective use of the resources of schools and other educational bodies for the charitable purpose of the advancement of education for the public benefit, by providing services for schools and other educational bodies to promote good practice and enhance and improve their procurement activities; and |
(4) advancing any other purpose for the benefit of the public that is charitable according to the laws of England & Wales. |
NB: Edmonton is an area in which many people live in deprivation, with new immigrants struggling with social isolation, child poverty rates of 53% (well above the national average of 21%), and issues around youth violence. This means there are many who need extra support to gain access to available opportunities. |
Edmonton Community Partnership (Registered number: 09779726) |
Report of the Trustees |
for the Year Ended 31 August 2024 |
OBJECTIVES AND ACTIVITIES |
Chair of the Trustees Opening Comments |
As a charitable organization, we are deeply committed to raising aspirations and securing improved outcomes for our children. Our work creates opportunities and offers choices to our children and young people, allowing them to experience success and feel valued. In the past year, ECP has tirelessly navigated uncharted waters, responding to evolving needs, unexpected demand, and making rapid decisions. We successfully accessed newly released funding, all while maintaining a sense of urgency. |
We are delighted to share that the implementation of our strategic framework, "ECP Resolute Towards 2026: A Social Change Strategic Plan," initiated last year, has been a resounding success. As part of our ongoing focus and financial strategy, this plan has significantly propelled our efforts forward. |
In line with our objectives, we are on track to meet our funding targets, showcasing the effectiveness of our strategic initiatives. Our fundraising efforts have been significantly bolstered by the solid foundation established by "The Right Deal for Edmonton and Our Families," implemented two years ago. Thanks to this strategic direction, we have successfully supported our network of schools, achieving 50% of our two-year goal to raise £300K by 2025. This funding is strategically allocated to first sustain our anchor projects-Dream Believe Succeed, Stronger Edmonton, and the ECP Community Hub. Subsequently, we will focus on addressing the key priorities of our schools and foremost, the families we serve. |
The success of our initiatives is deeply rooted in the strong partnerships and relationships we have cultivated with our schools. We are immensely grateful to our school partners and collaborators who have actively contributed to the co-production of our new three-year strategic plan. "ECP Resolute Towards 2026" is more than a plan-it is a commitment to our community. It guides our collaborative efforts to support our children and their families, ensuring they lead fulfilling and healthy lives while further strengthening the fabric of our community. |
Edmonton Community Partnership (Registered number: 09779726) |
Report of the Trustees |
for the Year Ended 31 August 2024 |
OBJECTIVES AND ACTIVITIES |
Achievements and Performance |
Special thanks and recognition go to the charities' professional and administrative staff who provided us with excellent support in all our business activity areas. |
This year we can report we had an increase in our income due to the success of gaining more grants/contracts based on Targets set by the Partnership Manager. |
Chief Executive Officer statement |
This year, the Edmonton Community Partnership (ECP) has demonstrated remarkable resilience, successfully implementing the "ECP Resolute Towards 2026: A Social Change Strategic Plan." This strategic framework has effectively focused our staff and partners on delivering impactful projects and services for our schools and their communities. |
We are grateful to our schools and partners for their collaboration in co-producing this visionary plan, which builds on the strengths of our previous strategy, "The Right Deal for Edmonton." Our dedicated staff has continued to advance our mission with unwavering commitment, despite the ongoing challenges exacerbated by the pandemic. |
Transitioning students from Year 6 to Year 7 has been particularly challenging, with the disruptions of the pandemic adding to the stress and difficulties faced by children. In London, youth poverty rates have soared to 52%, significantly impacting the mental well-being of our children. In response, we have been focusing on addressing these issues comprehensively, providing tailored support to meet the evolving needs of our communities. |
Despite financial constraints, we remain dedicated to enhancing our cultural offerings and supporting small capital projects. Holding the license for the Pymmes Park Visitors Centre (PPVC), we are committed to revitalizing this community space through collaborative efforts with our schools, families, and local partners. |
Looking forward, our priorities are clear: Empowering Communities. To realize our plans and fulfil our core objectives, it is crucial for ECP to be valued and supported with adequate funding. The current economic climate serves as a stark reminder of past challenges, such as the financial crisis of 2008 and the high inflation and cost of living of the early 70s. These conditions underscore the importance of ensuring ECP has the necessary resources to effectively carry out its mission. |
Adequate funding allows ECP to make a meaningful impact in the community and support those in need. It enables our charity to allocate resources to vital educational programmes, initiatives, and services that address pressing social issues and provide assistance where it is most needed. With sufficient support, ECP can respond to emerging challenges promptly and effectively, as well as maintain and expand existing projects that have proven successful. |
Edmonton Community Partnership (Registered number: 09779726) |
Report of the Trustees |
for the Year Ended 31 August 2024 |
OBJECTIVES AND ACTIVITIES |
To ensure that ECP remains well-funded, we will proactively engage with Enfield is Third Sector, the Local Authority, and NHS North Central London Integrated Care Board and establish strong connections with them. By maintaining subscriptions to funding platforms, we can access a wide range of potential grants, foundations, and targeted funding opportunities. This strategic approach will enable us to align our project ideas with the appropriate funding sources, maximizing the chances of securing financial support and sustaining our operations. The importance of adequate core funding for ECP cannot be overstated. It is crucial for the charity to receive the necessary resources to fulfil its mission and have a positive impact on the children, young people and community we serve. That is the trustees and schools partnership responsibility . |
ECP Project Highlights from the Past Year (2023/24) |
Below, you will read about some of the key initiatives and successes from the Edmonton Community Partnership over the last 12 months. The core ECP team is proud to share these highlights: |
1. Dream Believe Succeed Project: This transformative in-school and extracurricular program targets children and young people (CYP) aged 10 to 15+ who are at risk or in the early stages of involvement in crime. Utilizing performing and creative arts, mentoring, and family intervention, our team collaborates to offer enriching experiences across 18 schools in Edmonton. We provide personal mentoring to 60-75 children who are most at risk. This life-changing program won the Children and Young People Now Award in 2022. |
2. Whatif Project: Created to address educational disparities, this project currently serves nine schools and focuses on improving literacy and numeracy skills for CYP from ethnic minority and other marginalized communities. It also provides essential emotional and well-being support, accessible through various channels, including face-to-face, in schools, at the ECP Pymmes Park Visitor Centre, and online. Additional funding is required to expand this service to all 20 schools in Edmonton. |
3. Stronger Edmonton: This project offers free after-school activities and targeted outreach to vulnerable CYP at risk of or involved in criminal activity. By partnering with local organizations, community members, and youth mentors, we provide in-school and extracurricular activities that foster new skills, experiences, and tailored mental health support. We expanded last year’s offer by getting funds to bolster our wrap-around and extra-curricular offerings, building on our new success with West Lea and Oakthrope schools now delivering to C&YP. |
4. N18 Rising (The Benched Collective): This series of workshops supports CYP aged 14-21 in developing interests and skills in creative industries such as theatre, journalism, music, radio, and podcast production. It addresses the lack of access to quality work experience and the high costs of extracurricular activities for many young people in Edmonton. |
5. Tales from the Rainbow: This initiative uses performing arts to help 4-8-year-olds develop communication, language, and expressive skills. Participants also enjoy professional shows delivered by Chickenshed Theatre. |
Edmonton Community Partnership (Registered number: 09779726) |
Report of the Trustees |
for the Year Ended 31 August 2024 |
OBJECTIVES AND ACTIVITIES |
6. Finding Football: This project encourages ethnic minority and other marginalized groups to participate in sports to enhance their health and physical fitness. It includes nine after-school girls’ football groups and three weekly community sessions. |
7. Our Active Spaces Project: Focused on improving and activating spaces in Enfield, this project helps the least active CYP and marginalized communities lead active and healthy lives. |
2024/25 |
As we look forward to the next year, Edmonton Community Partnership (ECP) is on track to meet our funding target of £300K, established last year. The core team has actively engaged in working on projects and securing funding bids to address the evolving needs of our schools and local communities effectively. |
Targeted Community Project: |
ECP is expanding its outreach to support underserved communities. This includes continuing and broadening the scope of the Bulgarian Project, while also focusing on our East African and white working-class communities. We are exploring potential additional funding through partnerships with the Bulgarian Government. |
Building on our success in addressing issues such as exploitation, coercion, sexualized bullying, and unwanted sexualization among young girls, this vital work initiated at STJ & StJ's school will continue and expand. Furthermore, we plan to finally introduce in-school programs for boys, addressing body image issues and questions of identity. |
In collaboration with the Bulgarian Project, we will enhance our support for underserved communities, with a renewed focus on our East African and white working-class communities. |
Our dedicated team will continue to engage in conversations with school staff to identify opportunities for bespoke or comprehensive partnerships in various areas, including sports, body image, Speech and Language Therapy (SALT), health, well-being, supplementary school projects, intervention projects, and prevention projects. |
In summary, despite the challenges of the past year, ECP remains committed to delivering vital services to the Edmonton and Ponder End community and strengthening its partnerships to effect positive change. |
Edmonton Community Partnership (Registered number: 09779726) |
Report of the Trustees |
for the Year Ended 31 August 2024 |
FINANCIAL REVIEW |
Financial Review |
For this period, ECP generated income of £82,000 from memberships fees charged to schools within the partnership, including CU membership/passports, and fundraising. This included 16 Primary schools, 1 Secondary schools, 1 pupil referral unit and 1 special school. |
The charity provides a service to schools to support children and families in disadvantaged communities. |
The fees paid by schools to access this service covers the total operating costs, including salaries and additional reserves for the charity. This ensures sustainability and continuous service to the community we serve as the operating costs are not reliant on grant income. |
Specific projects and initiatives are funded through grants, donations and fundraising activities. During the year ECP raised grants in its own right totalling £856,058 for projects in the community, which it managed and disbursed £934,325 in respect of those projects. |
This is part of our income generation strategy that the board is continuously committed to review. |
Reserves policy |
The trustees consider it appropriate to build up and maintain a reserves budget to cover the partnership in the event of a shortfall of SLA fees for long term viability. This could also be used to fund temporary grant shortfalls and possible costs associated with staffing including redundancy, pension commitments (including withdrawal liability of the scheme) and long-term sickness. The trustees are of the opinion that £47,000.00 would be sufficient to cover potential liabilities in the short term (where there are no redundancy costs). The Charity aims to build reserves in the long-term. |
Going concern |
The Trustees have reviewed our financial position, taking into account the level of cash reserves, and the systems of financial control and risk management. As a result of this review, the trustees believe that we are well placed to manage operational and financial risks success fully. Accordingly, the trustees have a reasonable expectation that the Charity have adequate resources to continue in operational existence for the foreseeable future. Therefore, they continue to support the going concern basis of accounting in preparing the annual accounts. |
Risk Review |
The major risks (Covid-19 and reliance on historic funders) to which the charity is exposed have been reviewed and systems are being established to mitigate those risks; funding risk is being addressed through building new partnerships and diversifying sources of funding. |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
The organization is registered as a charitable company limited by guarantee is controlled by its governing document, Memorandum and Articles Incorporated and constitutes a Limited Company, Limited by Guarantee, as defined by the Companies Act 2006. |
Edmonton Community Partnership (Registered number: 09779726) |
Report of the Trustees |
for the Year Ended 31 August 2024 |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Recruitment and appointment of new trustees |
Recruitment and Appointment of Board of Trustee's: |
The directors of the company are also charity trustees for the purposes of charity law and under the company's articles of Association are known as members of the charity. The board meets throughout year and considers such matters as the appointment of trustees, the approval of Annual Reports and Accounts and the appointment of the independent examiner. The quorum necessary for the transaction of business of the trustees is a minimum of two or the number nearest to one third of the total number of members entitled to vote, whichever is larger at the AGM and two at other times. We currently have five Trustees and all members give their time voluntarily and receive no benefits from the charity. They adhere to the procedure when appointing a trustee is as follows: |
- The Charity identifies the need for a new trustee either because of a resignation or they have identified a skill that they need to bring in. |
- The Trustees agree what skills, experience and knowledge is needed and write it down in the form of a short job description and person specification. |
- The trustees then agree responsibilities and a process for recruitment taking care to comply with any specific requirements set out in the charity's governing document. |
- Checks are carried out on candidates: |
1) They have not been disqualified from acting as a trustee and they are asked to confirm this in writing. |
2) If there are any potential conflicts of interest |
3) Appropriate checks from the Disclosure Barring Service |
- The new trustee is given a letter setting out their duties and expectations of them which is signed and returned. |
- Their details are updated with the Charities Commission and companies house |
- An information pack about the charity is given to them and they are introduced to the other trustees |
The New trustee attends their first board meeting and is duly welcomed. All relevant parties are notified of the new appointment. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
Edmonton Community Partnership (Registered number: 09779726) |
Report of the Trustees |
for the Year Ended 31 August 2024 |
Trustees |
Independent Examiner |
Newman Morris |
Wellington House |
273-275 High Street |
London Colney |
Hertfordshire |
AL2 1HA |
Approved by order of the board of trustees on |
Independent Examiner's Report to the Trustees of |
Edmonton Community Partnership |
Independent examiner's report to the trustees of Edmonton Community Partnership ('the Company') |
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2024. |
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 Report to the Trustees of |
Edmonton Community Partnership |
Independent examiner's statement |
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. |
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: |
1. | accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; 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. |
David Morris |
The Institute of Chartered Accountants in England and Wales |
Newman Morris |
Wellington House |
273-275 High Street |
London Colney |
Hertfordshire |
AL2 1HA |
4 February 2025 |
Edmonton Community Partnership |
Statement of Financial Activities |
for the Year Ended 31 August 2024 |
31.8.24 | 31.8.23 |
Unrestricted | Restricted | Total | Total |
fund | fund | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Charitable activities |
Other trading activities | 2 |
Total |
EXPENDITURE ON |
Raising funds |
Charitable activities |
Other |
Total |
NET INCOME/(EXPENDITURE) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 198,351 |
Edmonton Community Partnership (Registered number: 09779726) |
Balance Sheet |
31 August 2024 |
31.8.24 | 31.8.23 |
Unrestricted | Restricted | Total | Total |
fund | fund | funds | funds |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 7 |
CURRENT ASSETS |
Debtors | 8 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 9 | ( |
) | ( |
) | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 10 |
Unrestricted funds | 28,547 |
Restricted funds | 169,804 |
TOTAL FUNDS | 198,351 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006. |
The trustees acknowledge their responsibilities for |
(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
Edmonton Community Partnership (Registered number: 09779726) |
Balance Sheet - continued |
31 August 2024 |
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
The financial statements were approved by the Board of Trustees and authorised for issue on |
Edmonton Community Partnership |
Notes to the Financial Statements |
for the Year Ended 31 August 2024 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
Income |
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. |
Expenditure |
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 a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Taxation |
The charity is exempt from corporation tax on its charitable activities. |
Fund accounting |
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. |
Restricted funds 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. |
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. |
Pension costs and other post-retirement benefits |
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. |
Edmonton Community Partnership |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2024 |
2. | OTHER TRADING ACTIVITIES |
31.8.24 | 31.8.23 |
£ | £ |
Membership Fees | 82,000 | 79,383 |
Other Income | 48,297 | 57,356 |
3. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
31.8.24 | 31.8.23 |
£ | £ |
Depreciation - owned assets |
4. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 31 August 2024 nor for the year ended 31 August 2023. |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023. |
5. | STAFF COSTS |
The average monthly number of employees during the year was as follows: |
31.8.24 | 31.8.23 |
Average Number of Employees |
Edmonton Community Partnership |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2024 |
6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
fund | fund | funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Charitable activities |
Other trading activities |
Total |
EXPENDITURE ON |
Raising funds |
Charitable activities |
Other |
Total |
NET INCOME/(EXPENDITURE) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward | 32,184 | 106,408 |
TOTAL FUNDS CARRIED FORWARD |
28,547 |
169,804 |
198,351 |
Edmonton Community Partnership |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2024 |
7. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
£ |
COST |
At 1 September 2023 |
Additions |
At 31 August 2024 |
DEPRECIATION |
At 1 September 2023 |
Charge for year |
At 31 August 2024 |
NET BOOK VALUE |
At 31 August 2024 |
At 31 August 2023 |
8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.8.24 | 31.8.23 |
£ | £ |
Trade debtors |
Other debtors |
VAT |
9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.8.24 | 31.8.23 |
£ | £ |
Trade creditors |
Social security and other taxes |
Pension | - | 675 |
Other creditors |
Accrued expenses |
Deferred government grants |
Edmonton Community Partnership |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2024 |
10. | MOVEMENT IN FUNDS |
Net |
movement | At |
At 1.9.23 | in funds | 31.8.24 |
£ | £ | £ |
Unrestricted funds |
General fund | 28,547 | (2,092 | ) | 26,455 |
Restricted funds |
Restricted | 169,804 | 54,222 | 224,026 |
TOTAL FUNDS | 52,130 | 250,481 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 130,297 | (132,389 | ) | (2,092 | ) |
Restricted funds |
Restricted | 856,158 | (801,936 | ) | 54,222 |
TOTAL FUNDS | ( |
) | 52,130 |
Comparatives for movement in funds |
Net |
movement | At |
At 1.9.22 | in funds | 31.8.23 |
£ | £ | £ |
Unrestricted funds |
General fund | 32,184 | (3,637 | ) | 28,547 |
Restricted funds |
Restricted | 106,408 | 63,396 | 169,804 |
TOTAL FUNDS | 138,592 | 59,759 | 198,351 |
Edmonton Community Partnership |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2024 |
10. | MOVEMENT IN FUNDS - continued |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 136,739 | (140,376 | ) | (3,637 | ) |
Restricted funds |
Restricted | 671,684 | (608,288 | ) | 63,396 |
TOTAL FUNDS | 808,423 | (748,664 | ) | 59,759 |
A current year 12 months and prior year 12 months combined position is as follows: |
Net |
movement | At |
At 1.9.22 | in funds | 31.8.24 |
£ | £ | £ |
Unrestricted funds |
General fund | 32,184 | (5,729 | ) | 26,455 |
Restricted funds |
Restricted | 106,408 | 117,618 | 224,026 |
TOTAL FUNDS | 138,592 | 111,889 | 250,481 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 267,036 | (272,765 | ) | (5,729 | ) |
Restricted funds |
Restricted | 1,527,842 | (1,410,224 | ) | 117,618 |
TOTAL FUNDS | 1,794,878 | (1,682,989 | ) | 111,889 |
The reserves arising before incorporation transferred in. |
Edmonton Community Partnership |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2024 |
11. | RELATED PARTY DISCLOSURES |