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2021-03-31-accounts

Registered number: 04379195 Charity number: 1098969

4EDEN

(A company limited by guarantee)

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

4EDEN

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the charity, its trustees and advisers 1
Trustees' report 2 - 5
Independent examiner's report 6
Statement of financial activities 7
Balance sheet 8
Statement of cash flows 9
Notes to the financial statements 10 - 23

4EDEN

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2021

Trustees

J P Graham (resigned 9 October 2020) K Bateman P A Potts, Chair C D Hopley S P Hughes, Treasurer H L Whitson (resigned 18 May 2021) J I Wilkinson

Company registered number 04379195

Charity registered number 1098969

Registered office

Ullswater House Duke Street Penrith Cumbria CA11 7LY

Company secretary

C D Hopley

Chief officer

J Taylor

Independent Examiner

Full Circle Accountancy Limited Chartered Accountants Independent Examiner The Office Mardale Road Penrith CA11 9EH

Bankers

HSBC Bank plc Market Square Penrith Cumbria CA11 7SN

Page 1

4EDEN

(A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2021

The Trustees present their annual report together with the financial statements of the charity for the 1 April 2020 to 31 March 2021. The Trustees confirm that the Annual Report and financial statements of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) as amended by Update Bulletin 1 (effective 1 January 2015).The Trustees confirm that the Annual report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities (effective 1 January 2015).

Since the charity qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is not required.

Objectives and Activities

POLICIES AND OBJECTIVES

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the charity commission relating to public benefit.

4EDEN’s aim is to improve the lives of children, young people and adults with learning disabilities/additional learning needs including those on the autistic spectrum in the Eden Valley of Cumbria by providing lifelong quality person centered support activities and opportunities to achieve their potential.

Through Social Enterprise, engage people in meaningful activities, provide access to training and engage within the local community. Where possible offer paid employment in 4EDEN’s social enterprises to people who expressed a want to work and have undertaken relevant training and skill building to meet required competency for employment. .

VOLUNTEERS

The charity is grateful for the efforts of all of its volunteers who are involved in service provision and fundraising.

Achievements and performance

REVIEW OF ACTIVITIES

The 2021 financial year has been a very different experience to the previous three years. Covid 19 has impacted the charity not only in the development of its businesses, but also upon our Management, staff, and those we support.

The first lockdown took place just before the beginning of the financial year. This meant that although the bakery was allowed to remain open, footfall dropped significantly. Even with a restructure and new staff It has been difficult to keep them motivated, which has resulted in declining takings.

The 4EDEN Café at Brougham Hall when open, has continued to develop and grow its popularity.

Unfortunately, day services stopped during the lockdowns. This meant 4EDEN lost income during these periods, including from Fix-it-4EDEN who also had to withhold its services.

The Management and staff did an excellent job of reorganising, managing Covid 19 infection control, responding to information requests from the local authorities and trying to manage staff morale. Unfortunately, some staff have suffered during this time, re-evaluated their career path and have moved out of care services. This has left 4EDEN with staff shortages which we are trying to resolve.

Overall, it’s been a difficult year. Thankfully Government grants and charitable bequests have helped to cover some of the losses sustained. The Management and Board of Trustees are now assessing its future path and developing a new business plan.

Page 2

4EDEN

(A company limited by guarantee)

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2021

INVESTMENT POLICY AND PERFORMANCE

Investment policy and objectives

The Trustees operate within the governing document, the Memorandum and Articles of Association having regard to the guidance provided by the Charities Commission and act in accordance with the Trustees Act 2000.

Financial review

GOING CONCERN

After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.

PRINCIPAL RISKS AND UNCERTAINTIES

As the cuts to the social care budgets managed by the County Council have an impact on the direct delivery of services provided by 4EDEN, the charity will continue to apply for other funding and grants while developing new commercial enterprises that will offer people work experience and the opportunity to develop proprietary soft skills required to secure part time or full time employment.

RESERVES POLICY

The Trustees believe that the minimum level of operating reserve should be the equivalent of 3 months' operating costs, calculated and reviewed annually. The Trustees review the level of reserves on a regular basis so that unrestricted reserves will be within an agreed time frame. The trustees also believe that the reserves should be built up to the desired level in stages consistent with the charity's overall financial position and its needs to maintain and develop its charitable activities.

Structure, governance and management

CONSTITUTION

The charity is constituted under a Memorandum of Association dated 21 February 2002 , updated 6 January 2020 with the new name of 4EDEN and is a registered charity number 1098969.

The organisation was registered as an unincorporated charity on 27 January 1988 and transferred its activities, assets and liabilities to the limited company on 1 March 2002.

The principal object of the charity is to the provision of services and opportunities for people with a learning disability/additional learning needs and/or those who are on the autistic spectrum (hereinafter called people). In particular by the provision of support and meaningful activities for people and provide information, advice and support for their families, dependants and carers and to provide or assist in the provision of facilities for the recreational or other leisure time occupation for people with the object of improving their independence and opportunities in their lives.

METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES

The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association.

POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES

At the end of each annual general meeting all the trustees retire from office but may be reelected or reappointed. Subject

Page 3

4EDEN

(A company limited by guarantee)

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2021

to clauses detailed in the Articles of Association 4EDEN may by ordinary resolution appoint a person who is willing to act as a trustee either to fill a vacancy or as an additional trustee.

ORGANISATIONAL STRUCTURE AND DECISION MAKING

The executive committee consists of the seven trustees. Full members of the charity are entitled to attend any meeting of the executive committee.

RISK MANAGEMENT

The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.

TRUSTEES' INDEMNITIES

The charity holds a standard insurance policy which includes a trustees' indemnity against any liability in connection with any negligence, default, breach of duty or breach of trust in relation to the charity.

PRINCIPAL ACTIVITIES

The principal activities of the charity include providing or assisting in the provision of facilities for the recreation or other leisure time occupation for people who have such needs by reason of a learning disability with the prime objective of improving their conditions of life.

These activities include:

1:1 Support Services (Independence and skill building, accessing the local community) Supported living & support at home services Day opportunities both buildings based and community based Children’s support services and activities Young people’s support and activities Real work placements Apprenticeships Employment

FUTURE DEVELOPMENTS

The composition of the Board continues to develop and strengthen with the changes in trustees and will provide important support and guidance to the Chief Officer and all those working to achieve the charity's objectives (including those employed and those who are volunteers).The charity's strategic plan continues to be updated and improved as circumstances change and is designed to provide part of the essential framework by which the charity is able to deliver on its commitments.

MEMBERS' LIABILITY

The Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up.

Page 4

4EDEN

(A company limited by guarantee)

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2021

TRUSTEES' RESPONSIBILITIES STATEMENT

The Trustees (who are also directors of 4Eden for the purposes of company law) are responsible for preparing the Trustees' 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. Under company law the Trustees must not approve the financial statements unless they are satisfied that they 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:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and 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.

This report was approved by the Trustees, on 16 November 2021 and signed on their behalf by:

P A Potts

Page 5

4EDEN

(A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2021

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF 4EDEN (the 'charity')

I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 March 2021.

This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work 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 work or for this report.

RESPONSIBILITIES AND BASIS OF REPORT

As the Trustees of the charity (and 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 charity 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 the charity's accounts 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

Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of (enter body here), which is one of the listed bodies.

I have completed my examination. I can 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 charity 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.

Signed:

Dated: 16 November 2021

Jonathan Miller FCA DChA

Page 6

4EDEN

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021

Unrestricted
funds
Note
2021
£
INCOME FROM:
Donations and legacies
2
41,610
Charitable activities
3
547,236
Other trading activities:
Trading activities
4
194,444
Investments
5
296
Other income
6
-
TOTAL INCOME
783,586
EXPENDITURE ON:
Raising funds
4
205,936
Charitable activities
10,7
571,712
TOTAL EXPENDITURE
777,648
NET INCOME / (EXPENDITURE) BEFORE
OTHER RECOGNISED GAINS AND
LOSSES
5,938
NET MOVEMENT IN FUNDS
5,938
RECONCILIATION OF FUNDS:
Total funds brought forward
467,227
TOTAL FUNDS CARRIED FORWARD
473,165		 Restricted
funds
2021
£
-
-
-
-
-
-
-
-
-
-
-
53,784
53,784		 Total
funds
2021
£
41,610
547,236
194,444
296
-
783,586
205,936
571,712
777,648
5,938
5,938
521,011
526,949		 Total
funds
2020
£
12,597
660,490
187,319
285
2,130
862,821
195,898
670,084
865,982
(3,161)
(3,161)
524,172
521,011

The notes on pages 10 to 23 form part of these financial statements.

Page 7

4EDEN

(A company limited by guarantee) REGISTERED NUMBER: 04379195

BALANCE SHEET AS AT 31 MARCH 2021

Note
FIXED ASSETS
Intangible assets
15
Tangible assets
16
CURRENT ASSETS
Stocks
17
Debtors
18
Cash at bank and in hand
CREDITORS:amounts falling due within one
year
19
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS:amounts falling due after more
than one year
20
NET ASSETS
CHARITY FUNDS
Restricted funds
21
Unrestricted funds
21
TOTAL FUNDS		 £
3,852
57,582
261,816
323,250
(34,173)		 2021
£
11,999
294,673
306,672
289,077
595,749
(68,800)
526,949
53,784
473,165
526,949		 £
4,595
54,535
252,930
312,060
(41,450)		 2020
£
16,999
316,602
333,601
270,610
604,211
(83,200)
521,011
53,784
467,227
521,011

The charity's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The Trustees consider that the charity is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the charity to obtain an audit for the year in question in accordance with section 476 of the Act.

The Trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements were approved and authorised for issue by the Trustees on 16 November 2021 and signed on their behalf, by:

P A Potts

S P Hughes, Treasurer

The notes on pages 10 to 23 form part of these financial statements.

Page 8

4EDEN

(A company limited by guarantee)

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2021

Note
Cash flows from operating activities
Net cash provided by operating activities
22
Cash flows from investing activities:
Dividends, interest and rents from investments
Proceeds from the sale of tangible fixed assets
Purchase of tangible fixed assets
Purchase of goodwill
Net cash used in investing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents brought forward
Cash and cash equivalents carried forward
23		 2021
£
15,816
296
475
(7,701)
-
(6,930)
8,886
252,930
261,816		 2020
£
122,683
285
1,365
(110,319)
(9,999)
(118,668)
4,015
248,915
252,930

The notes on pages 10 to 23 form part of these financial statements.

Page 9

4EDEN

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. ACCOUNTING POLICIES

1.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

4Eden meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

1.2 Company status

The charity is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

1.3 Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.

Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Donated facilities are included at the value to the charity where this can be quantified and a third party is bearing the cost. No amounts are included in the financial statements for services donated by volunteers.

Donated services or facilities are recognised when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time of the Friends is not recognised and refer to the Trustees' report for more information about their contribution.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

Page 10

4EDEN

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. ACCOUNTING POLICIES (continued)

1.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Support costs are those costs incurred directly in support of expenditure on the objects of the charity and certain management costs.Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.

Charitable activities and Governance costs are costs incurred on the charity's educational operations, including support costs and costs relating to the governance of the charity apportioned to charitable activities.

All expenditure is inclusive of irrecoverable VAT.

1.5 Intangible fixed assets and amortisation

Intangible assets are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Intangible assets are initially recognised at cost and are subsequently measured at cost net of amortisation and any provision for impairment.

Amortisation is provided on intangible fixed assets at rates calculated to write off the cost of each asset, less their estimated residual value, over their expected useful lives on the following bases:

Goodwill - 5 years

1.6 Tangible fixed assets and depreciation

All assets costing more than £250 are capitalised.

A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of financial activities incorporating income and expenditure account.

Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold property - 2% straight line; land is not depreciated
Motor vehicles - 25% reducing balance
Fixtures and fittings - 25% reducing balance
Office equipment - 20% reducing balance

Page 11

4EDEN

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. ACCOUNTING POLICIES (continued)

1.7 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

1.8 Operating leases

Rentals under operating leases are charged to the Statement of financial activities incorporating income and expenditure account on a straight line basis over the lease term.

1.9 Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

1.10 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.11 Cash at Bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.12 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.

1.13 Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

1.14 Taxation

The charity is exempt from corporation tax on its charitable activities.

Page 12

4EDEN

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. ACCOUNTING POLICIES (continued)

1.15 Pensions

The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the year.

1.16 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

2. INCOME FROM DONATIONS AND LEGACIES

Unrestricted
funds
2021
£
Donations
5,876
Government grants
35,734
Total donations and legacies
41,610
Total 2020
12,597		 Restricted
funds
2021
£
-
-
-
-		 Total
funds
2021
£
5,876
35,734
41,610
12,597		 Total
funds
2020
£
12,597
-
12,597

3. INCOME FROM CHARITABLE ACTIVITIES

Unrestricted
funds
2021
£
Children
72,688
Adults
97,339
Other projects
10,047
Supported Living
284,373
Day Services
82,789
547,236
Total 2020
660,490		 Restricted
funds
2021
£
-
-
-
-
-
-
-		 Total
funds
2021
£
72,688
97,339
10,047
284,373
82,789
547,236
660,490		 Total
funds
2020
£
82,842
99,173
15,958
305,023
157,494
660,490

Page 13

4EDEN

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

4.
TRADING ACTIVITIES
Unrestricted
funds
2021
£
Charity trading income
Cafe income
112,249
Activity income
82,195
194,444
Cafe expenses
Purchases
63,180
Telephone
1,239
Advertising
776
Insurances
351
Equipment leasing
3,231
Premises expenses
9,498
Repairs and renewals
12,579
Sundry expenses
2,701
Wages and salaries
91,949
Employers NICs
6,124
Pension costs
1,960
Depreciation
7,348
Amortisation of goodwill
5,000
205,936
Net expenditure from trading activities
(11,492)
5.
INVESTMENT INCOME
Unrestricted
funds
2021
£
Bank interest receivable
296
Total 2020
285		 Restricted
funds
2021
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Restricted
funds
2021
£
-
-		 Total
funds
2021
£
112,249
82,195
194,444
63,180
1,239
776
351
3,231
9,498
12,579
2,701
91,949
6,124
1,960
7,348
5,000
205,936
(11,492)
Total
funds
2021
£
296
285		 Total
funds
2020
£
120,855
66,464
187,319
55,048
620
723
48
2,594
9,695
13,385
2,250
86,475
7,519
2,617
9,924
5,000
195,898
(8,579)
Total
funds
2020
£
285

Page 14

4EDEN

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

6. OTHER INCOMING RESOURCES

OTHER INCOMING RESOURCES
Unrestricted
funds
2021
£
Other income - room hire
-
Total 2020
2,130		 Restricted
funds
2021
£
-
-		 Total
funds
2021
£
-
2,130		 Total
funds
2020
£
2,130

7. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES

Unrestricted
funds
Restricted
funds
2021
£
2021
£
Children
59,913
-
Adults
79,231
-
Other projects
84,741
-
Supported Living
244,240
-
Day Services
89,802
-
557,927
-
Total 2020
667,229
-
DIRECT COSTS
Children
Adults
£
£
Repairs and renewals
228
295
Travel costs
339
439
Training
49
63
Office and IT expenses
301
391
Premises expenses
23
30
Other
72
94
Wages and salaries
47,010
62,087
Employers NICs
3,060
4,036
Pension costs
988
1,303
Depreciation
184
238
52,254
68,976
Total 2020
59,072
62,794		 Unrestricted
funds
Restricted
funds
2021
£
2021
£
Children
59,913
-
Adults
79,231
-
Other projects
84,741
-
Supported Living
244,240
-
Day Services
89,802
-
557,927
-
Total 2020
667,229
-
DIRECT COSTS
Children
Adults
£
£
Repairs and renewals
228
295
Travel costs
339
439
Training
49
63
Office and IT expenses
301
391
Premises expenses
23
30
Other
72
94
Wages and salaries
47,010
62,087
Employers NICs
3,060
4,036
Pension costs
988
1,303
Depreciation
184
238
52,254
68,976
Total 2020
59,072
62,794		 Unrestricted
funds
Restricted
funds
2021
£
2021
£
Children
59,913
-
Adults
79,231
-
Other projects
84,741
-
Supported Living
244,240
-
Day Services
89,802
-
557,927
-
Total 2020
667,229
-
DIRECT COSTS
Children
Adults
£
£
Repairs and renewals
228
295
Travel costs
339
439
Training
49
63
Office and IT expenses
301
391
Premises expenses
23
30
Other
72
94
Wages and salaries
47,010
62,087
Employers NICs
3,060
4,036
Pension costs
988
1,303
Depreciation
184
238
52,254
68,976
Total 2020
59,072
62,794		 Restricted
funds
2021
£
-
-
-
-
-
-		 Restricted
funds
2021
£
-
-
-
-
-
-		 Total
funds
2021
£
59,913
79,231
84,741
244,240
89,802
557,927
667,229
Other
projects
£
805
1,200
172
1,068
83
255
70,540
5,206
1,621
650
81,600
149,249		 Total
funds
2020
£
70,435
76,398
151,438
282,070
86,888
667,229
Supported
Living
£
990
1,475
212
1,313
102
314
192,425
12,589
4,056
800
214,276
667,229
Children
£
228
339
49
301
23
72
47,010
3,060
988
184
52,254
59,072		 -
Adults
£
295
439
63
391
30
94
62,087
4,036
1,303
238
68,976
62,794
240,230

8. DIRECT COSTS

Page 15

4EDEN

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

8. DIRECT COSTS (continued)

Repairs and renewals
Travel costs
Training
Office and IT expenses
Premises expenses
Other
Wages and salaries
Employers NICs
Pension costs
Depreciation
Total 2020		 Day
Services
£
477
711
102
633
49
151
72,190
4,834
1,544
386
81,077
56,169		 Total
2021
£
2,795
4,164
598
3,706
287
886
444,252
29,725
9,512
2,258
498,183
567,514		 Total
2020
£
10,132
3,393
8,300
461
126
14,540
482,144
33,099
11,346
3,973
567,514

9. SUPPORT COSTS

Repairs and renewals
Insurances
Travel costs
Legal and professional
Equipment hire
Office and IT expenses
Premises expenses
Other
Wages and salaries
Depreciation
Total 2020		 Children
£
1,517
662
467
125
933
935
908
312
-
1,800
7,659
11,363		 Adults
£
2,032
886
626
166
1,249
1,252
1,216
418
-
2,410
10,255
13,604		 Other
projects
£
210
92
65
17
129
129
126
43
2,081
249
3,141
2,189		 Supported
Living
£
5,936
2,590
1,828
486
3,649
3,658
3,554
1,222
-
7,041
29,964
41,840

Page 16

4EDEN

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

9. SUPPORT COSTS (continued)

Repairs and renewals
Insurances
Travel costs
Legal and professional
Equipment hire
Office and IT expenses
Premises expenses
Other
Wages and salaries
Depreciation
Total 2020		 Day
Services
£
1,728
754
532
142
1,062
1,065
1,035
357
-
2,050
8,725
30,719		 Total
2021
£
11,423
4,984
3,518
936
7,022
7,039
6,839
2,352
2,081
13,550
59,744
-		 Total
2020
£
16,331
6,197
1,866
7,295
9,242
12,246
4,361
18,756
8,447
14,974
99,715

10. GOVERNANCE COSTS

GOVERNANCE COSTS GOVERNANCE COSTS
Unrestricted
funds
2021
£
Accountancy fees
1,668
Legal and professional fees
6,021
Bank charges
96
Profit/(loss) on disposal of fixed assets
6,000
13,785		 Restricted
funds
2021
£
-
-
-
-		 Total
funds
2021
£
1,668
6,021
96
6,000		 Total
funds
2020
£
1,632
342
137
744
13,785 - 13,785 2,855

Page 17

4EDEN

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

11. ANALYSIS OF EXPENDITURE BY ACTIVITIES

Activities
undertaken
directly
Support
costs
Total
2021
£
2021
£
2021
£
Children
52,254
7,659
59,913
Adults
68,976
10,255
79,231
Other projects
81,600
3,141
84,741
Supported Living
214,276
29,964
244,240
Day Services
81,077
8,725
89,802
Total 2021
498,183
59,744
557,927
Total 2020
567,514
99,715
667,229
12.
NET INCOME/(EXPENDITURE)
This is stated after charging:
2021
£
Depreciation of tangible fixed assets:
- owned by the charity
23,155
Amortisation of intangible fixed assets
5,000
During the year, no Trustees received any remuneration (2020 - £NIL).
During the year, no Trustees received any benefits in kind (2020 - £NIL).
During the year, no Trustees received any reimbursement of expenses (2020 - £NIL).		 Total
2020
£
70,435
76,398
151,438
282,070
86,888
667,229
2020
£
28,872
5,000

13. INDEPENDENT EXAMINER'S REMUNERATION

The Independent Examiner's remuneration amounts to an Independent Examination fee of £1,560 (2020 - £1,560.

Page 18

4EDEN

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

14. STAFF COSTS

Staff costs were as follows:

Wages and salaries
Social security costs
Other pension costs		 2021
£
538,282
35,849
11,472
585,603		 2020
£
577,066
40,618
13,963
631,647
The average number of persons employed by the charity during the year was as follows: The average number of persons employed by the charity during the year was as follows:
2021 2020
No. No.
Management and staff 30 31
No employee received remuneration amounting to more than £60,000 in either year.

15. INTANGIBLE FIXED ASSETS

Cost
At 1 April 2020 and 31 March 2021
Amortisation
At 1 April 2020
Charge for the year
At 31 March 2021
Carrying amount
At 31 March 2021
At 31 March 2020		 Goodwill
£
24,999
8,000
5,000
13,000
11,999
16,999

Page 19

4EDEN

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

16. TANGIBLE FIXED ASSETS

Cost
At 1 April 2020
Additions
Disposals
At 31 March 2021
Depreciation
At 1 April 2020
Charge for the year
On disposals
At 31 March 2021
Net book value
At 31 March 2021
At 31 March 2020		 Freehold
property
£
252,632
-
-
252,632
8,245
5,033
-
13,278
239,354
244,387		 Motor
vehicles
£
35,442
-
-
35,442
23,522
2,980
-
26,502
8,940
11,920		 Fixtures and
fittings
£
107,282
4,301
(6,138)
105,445
52,129
14,000
(1,463)
64,666
40,779
55,153		 Office
equipment
£
8,369
3,400
(2,895)
8,874
3,227
1,142
(1,095)
3,274
5,600
5,142		 Total
£
403,725
7,701
(9,033)
402,393
87,123
23,155
(2,558)
107,720
294,673
316,602

17. STOCKS

17.
STOCKS
Stocks
18.
DEBTORS
Trade debtors
Prepayments and accrued income		 2021
£
3,852
2021
£
48,475
9,107
57,582		 2020
£
4,595
2020
£
46,179
8,356
54,535

Page 20

4EDEN

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

19. CREDITORS: Amounts falling due within one year

CREDITORS: Amounts falling due within one year
Other loans
Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income		 2021
£
14,400
6,175
7,172
4,580
1,846
34,173		 2020
£
14,400
12,198
9,387
3,541
1,924
41,450

20. CREDITORS: Amounts falling due after more than one year

2021 2020
£ £
Other loans 68,800 83,200

21. STATEMENT OF FUNDS

STATEMENT OF FUNDS - CURRENT YEAR

Balance at 1
April 2020
£
Unrestricted funds
General Fund
467,227
Restricted funds
Restricted funds
53,784
Total of funds
521,011
STATEMENT OF FUNDS - PRIOR YEAR
Balance at
1 April 2019
Income
£
£
General funds
General Fund
367,559
862,821
Restricted funds
Restricted funds
156,613
-
Total of funds
524,172
862,821		 Income Expenditure
£
£
783,586
(777,648)
-
-
783,586
(777,648)
Expenditure
Transfers
in/out
£
£
(865,982)
102,829
-
(102,829)
(865,982)
-		 Balance at
31 March
2021
£
473,165
53,784
526,949
Balance at 31
March 2020
£
467,227
53,784
521,011

Page 21

4EDEN

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

SUMMARY OF FUNDS - CURRENT YEAR

Balance at 1
April 2020
£
General funds
467,227
Restricted funds
53,784
521,011
SUMMARY OF FUNDS - PRIOR YEAR
Balance at
1 April 2019
Income
£
£
General funds
367,559
862,821
Restricted funds
156,613
-
524,172
862,821		 Balance at 1
April 2020
£
General funds
467,227
Restricted funds
53,784
521,011
SUMMARY OF FUNDS - PRIOR YEAR
Balance at
1 April 2019
Income
£
£
General funds
367,559
862,821
Restricted funds
156,613
-
524,172
862,821		 Balance at 1
April 2020
£
General funds
467,227
Restricted funds
53,784
521,011
SUMMARY OF FUNDS - PRIOR YEAR
Balance at
1 April 2019
Income
£
£
General funds
367,559
862,821
Restricted funds
156,613
-
524,172
862,821		 Income Expenditure
£
£
783,586
(777,648)
-
-
783,586
(777,648)
Expenditure
Transfers
in/out
£
£
(865,982)
102,829
-
(102,829)		 Income Expenditure
£
£
783,586
(777,648)
-
-
783,586
(777,648)
Expenditure
Transfers
in/out
£
£
(865,982)
102,829
-
(102,829)		 Balance at
31 March
2021
£
473,165
53,784
526,949
Balance at 31
March 2020
£
467,227
53,784
524,172 862,821 (865,982) - 521,011

22. RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES

23.

ACTIVITIES
Net income/(expenditure) for the year (as per Statement of Financial
Activities)
Adjustment for:
Depreciation charges
Dividends, interest and rents from investments
Loss on the sale of fixed assets
Decrease/(increase) in stocks
(Increase)/decrease in debtors
(Decrease)/increase in creditors
Net cash provided by operating activities
ANALYSIS OF CASH AND CASH EQUIVALENTS
Cash in hand
Notice deposits (less than 3 months)
Total		 2021
£
5,938
28,155
(296)
6,000
743
(3,047)
(21,677)
15,816
2021
£
1,266
260,550
261,816		 2020
£
(3,161)
33,872
(285)
744
(345)
3,858
88,000
122,683
2020
£
1,273
251,657
252,930

Page 22

4EDEN

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

24. OPERATING LEASE COMMITMENTS

At 31 March 2021 the total of the Charity’s future minimum lease payments under non-cancellable operating leases was:

Land and buildings Land and buildings Other
2021 2020 2021 2020
£ £ £ £
Amounts payable:
Within 1 year - - 5,566 5,734
Between 1 and 5 years - - 1,020 5,687

25. CONTROLLING PARTY

The charity is under the control of the Trustees.

Page 23