Age UK Enfield
Latest income
£2.0m
Latest spending
£2.0m
Registered
1997
Accounts read
FY2023
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net deficit of £67,257 for the year ended 31 March 2023, following a surplus in the previous year. However, the trustees report that free reserves of £383,630 are held within the medium-term strategy range of three to six months of expenditure, and the going concern basis remains appropriate.
What the accounts disclose
Reserves policy: three to six months (held: £384k)
“The medium term financial strategy regards a three to six months reserves required to cover income volatility and short term working capital requirements. The current reserves is within that range.”
Per its FY2023 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/03/2025)
Total income
£2.0m
Total spending
£2.0m
Cost of raising funds
£20k
Reserves (reported)
£419k
Employees
44
Care Quality Commission ratings
- Time Out Service: Good
Register events
- Received assets from another charity (01/02/2024)
Trustees
- Elaine Patricia Adkinchair
- ALISON de METZ
- Aviva Trup
- BERYL ANTOINETTE DE SOUZA
- MICHAEL ZACHARIA
- Matt Boucher
- Nicolas Wan Thoung Kee Mew
- Ponnappah Baheerathan
- Rachel Howard
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £2.0m | £2.0m |
| 31/03/2024 | £1.9m | £1.8m |
| 31/03/2023 | £1.5m | £1.6m |
| 31/03/2022 | £1.5m | £1.4m |
| 31/03/2021 | £1.3m | £1.2m |
Common questions
Is Age UK Enfield financially healthy?
The accounts state that the charity reported a net deficit of £67,257 for the year ended 31 March 2023, following a surplus in the previous year. However, the trustees report that free reserves of £383,630 are held within the medium-term strategy range of three to six months of expenditure, and the going concern basis remains appropriate. Its FY2023 accounts were audited by Knox Cropper LLP.