**Registered number: 04379195 Charity number: 1098969**
## **4EDEN**
**(A company limited by guarantee)**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MARCH 2022**
## **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 auditors' report**|6 - 9|
|**Statement of financial activities**|10|
|**Balance sheet**|11|
|**Statement of cash flows**|12|
|**Notes to the financial statements**|13 - 26|
**4EDEN**
## **(A company limited by guarantee)**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2022**
## **Trustees**
K Bateman P A Potts C D Hopley S P Hughes, Chair H L Whitson (resigned 18 May 2021) J I Wilkinson C Kenn (appointed 8 February 2022) P Callaghan (appointed 8 February 2022) J Nichol (appointed 8 February 2022) M Giles (appointed 8 February 2022)
## **Company registered number**
04379195
**Charity registered number** 1098969
## **Registered office**
Ullswater House Duke Street Penrith Cumbria CA11 7LY
## **Company secretary**
M Giles
## **Chief officer**
J Taylor
## **Independent auditors**
FCSC Audit Services Limited Chartered Accountants Registered Auditors Unit 7 Cooper Way Parkhouse Carlisle CA3 0JG
**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 2022**
The Trustees present their annual report together with the financial statements of the charity for the 1 April 2021 to 31 March 2022. 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**
During this financial year Covid 19 has continued to impact the charity not only in the development of its businesses, but also upon our Management, staff, and those we support.
Restrictions have continued this year and whilst this meant our cafe and bakery could open at certain times during the year, footfall dropped resulting in a significant fall in income across our social enterprise businesses. Our FixIt business has been able to operate at certain times but again has suffered due to the impact of Covid restrictions.
Unfortunately, our day services have continued to be suffer due to Covid restrictions which again has had an impact on income streams for 4EDEN. However, we have seen an increase in uptake towards the end of the financial year.
The Management and staff did an excellent job of reorganising, managing Covid 19 infection control, responding to ongoing 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 working very hard to resolve through new recruitment.
Overall, it’s been another difficult year caused by the continuing restrictions created by Covid, however, we have managed to cover some of the losses sustained by accessing local authority and government grants and some charitable donations. The Management and Board of Trustees are continuing to review the future development of 4Eden and its businesses and hope to build upon the tremendous work done by management and staff to keep the momentum of the organisation going during very difficult time.
Page 2
## **4EDEN**
## **(A company limited by guarantee)**
## **TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2022**
## **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 2022**
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 2022**
## **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:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
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.
## **DISCLOSURE OF INFORMATION TO AUDITORS**
Each of the persons who are Trustees at the time when this Trustees' report is approved has confirmed that:
- so far as that Trustee is aware, there is no relevant audit information of which the charitable company's auditors are unaware, and
- that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit information and to establish that the charitable company's auditors are aware of that information.
## **AUDITORS**
The auditors, FCSC Audit Services Limited, have indicated their willingness to continue in office. The Trustees will propose a motion re-appointing the auditors at a meeting of the Trustees.
This report was approved by the Trustees, on 7 December 2022 and signed on their behalf by:
## **S P Hughes (Chair)**
Page 5
## **4EDEN**
## **(A company limited by guarantee)**
## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF 4EDEN**
## **OPINION**
We have audited the financial statements of 4Eden (the 'charity') for the year ended 31 March 2022 set out on pages 10 to 26. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
- give a true and fair view of the state of the charitable company's affairs as at 31 March 2022 and of its incoming resources 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 Charities Act 2011.
## **BASIS FOR 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 Auditors' 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 United Kingdom, including the Financial Reporting Council'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**
We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:
- the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or
- the Trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the charitable company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue.
## **OTHER INFORMATION**
The Trustees are responsible for the other information. The other information comprises the information included in the Annual report, other than the financial statements and our Auditors' report thereon. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, 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 audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. 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 where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:
- the information given in the Trustees' report is inconsistent in any material respect with the financial statements;
Page 6
## **4EDEN**
## **(A company limited by guarantee)**
## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF 4EDEN**
or
- sufficient accounting records have not been kept; 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, the Trustees (who are also the directors of the charity for the purposes of company law) 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.
Page 7
## **4EDEN**
## **(A company limited by guarantee)**
## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF 4EDEN**
## **AUDITORS' RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS**
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 Auditors' 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.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, induding fraud is detailed below:
We obtained an understanding of the laws and regulations that are applicable to the Charity, with the emphasis on those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements, utilising our experience and knowledge of the sectors involved. Our work included but was not limited to making appropriate enquiries of the Trustees and management, agreeing disclosures to supporting documentation, reviewing the minutes of meetings of those charged with governance, and making relevant enquiries of management. We considered such matters as remuneration and management Incentives and the ability of management to over-ride controls. Our methodology included identifying journal entries to identify unusual transactions. Analytical procedures were employed to identify any unusual or unexpected variances or relationships. We considered the presence of internal controls to mitigate the risk of fraud or fraud or non-compliance with laws and regulations. All relevant laws and regulations and potential fraud risks were communicated to the audit team. The audit team remained vigilant to the possibility of non-compliance throughout the audit. We assessed grant claims and other incomes and performed appropriate procedures to ensure that claims were reasonable, there was compliance with regulations and entitlement to other incomes was established.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment. forgery, collusion, omission or. misrepresentation.
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 Auditors' 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 for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.
Page 8
## **4EDEN**
## **(A company limited by guarantee)**
## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF 4EDEN**
## **OTHER MATTERS**
The corresponding year's figures are unaudited.
## **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 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an Auditors' 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 its trustees, as a body, for our audit work, for this report, or for the opinions we have formed.
**Jonathan Miller FCA DChA Senior Statutory Auditor** FCSC Audit Services Limited Registered Auditors 7 December 2022
Page 9
## **4EDEN**
## **(A company limited by guarantee)**
## **STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022**
|**Unrestricted**
**funds**
**Note**
**2022**
**£**
**INCOME FROM:**
Donations and legacies
2
**252,802**
Charitable activities
3
**562,469**
Other trading activities:
Trading activities
4
**272,348**
Investments
5
**27**
**TOTAL INCOME**
**1,087,646**
**EXPENDITURE ON:**
Raising funds
4
**242,480**
Charitable activities
9,6
**556,756**
**TOTAL EXPENDITURE**
**799,236**
**NET INCOME BEFORE TRANSFERS**
**288,410**
Transfers between Funds
20
**47,984**
**NET INCOME / (EXPENDITURE) BEFORE**
**OTHER RECOGNISED GAINS AND**
**LOSSES**
**336,394**
**NET MOVEMENT IN FUNDS**
**336,394**
**RECONCILIATION OF FUNDS:**
Total funds brought forward
**473,165**
**TOTAL FUNDS CARRIED FORWARD**
**809,559**||**Restricted**
**funds**
**2022**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**(47,984)**
**(47,984)**
**(47,984)**
**53,784**
**5,800**||**Total**
**funds**
**2022**
**£**
**252,802**
**562,469**
**272,348**
**27**
**1,087,646**
**242,480**
**556,756**
**799,236**
**288,410**
**-**
**288,410**
**288,410**
**526,949**
**815,359**||_Total_
_funds_
_2021_
_£_
_41,610_
_547,236_
_194,444_
_296_|
|---|---|---|---|---|---|---|
|||||||_783,586_|
|||||||_205,936_
_571,712_
_777,648_
_5,938_
_-_
_5,938_
_5,938_
_521,011_
_526,949_|
||||||||
||||||||
||||||||
||||||||
The notes on pages 13 to 26 form part of these financial statements.
Page 10
## **4EDEN**
## **(A company limited by guarantee) REGISTERED NUMBER: 04379195**
## **BALANCE SHEET AS AT 31 MARCH 2022**
|**Note**
**FIXED ASSETS**
Intangible assets
14
Tangible assets
15
**CURRENT ASSETS**
Stocks
16
Debtors
17
Cash at bank and in hand
**CREDITORS:**amounts falling due within one
year
18
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**CREDITORS:**amounts falling due after more
than one year
19
**NET ASSETS**
**CHARITY FUNDS**
Restricted funds
20
Unrestricted funds
20
**TOTAL FUNDS**|**£**
**4,055**
**39,184**
**502,663**
**545,902**
**(24,591)**|**2022**
**£**
**6,999**
**287,049**
**294,048**
**521,311**
**815,359**
**-**
**815,359**
**5,800**
**809,559**
**815,359**|_£_
_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_|
|---|---|---|---|---|
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. However, an audit is required in accordance with section 144 of the Charities Act 2011.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
The financial statements were approved and authorised for issue by the Trustees on 7 December 2022 and signed on their behalf, by:
## **P A Potts**
## **S P Hughes, Treasurer**
The notes on pages 13 to 26 form part of these financial statements.
Page 11
## **4EDEN**
## **(A company limited by guarantee)**
## **STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2022**
|**Note**
**Cash flows from operating activities**
Net cash provided by operating activities
21
**Cash flows from investing activities:**
Dividends, interest and rents from investments
Proceeds from the sale of tangible fixed assets
Purchase of tangible fixed assets
**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**
22|**2022**
**£**
**252,214**
**27**
**4,300**
**(15,694)**
**(11,367)**
**240,847**
**261,816**
**502,663**|_2021_
_£_
_15,816_
_296_
_475_
_(7,701)_
_(6,930)_
_8,886_
_252,930_
_261,816_|
|---|---|---|
The notes on pages 13 to 26 form part of these financial statements.
Page 12
**4EDEN**
**(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **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 13
**4EDEN**
**(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **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|14|
**4EDEN**
**(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **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 15
**4EDEN**
**(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **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**
**2022**
**£**
Donations
**27,492**
Legacies
**174,635**
Government grants
**50,675**
Total donations and legacies
**252,802**
_Total 2021_
_41,610_|**Restricted**
**funds**
**2022**
**£**
**-**
**-**
**-**
**-**
_-_|**Total**
**funds**
**2022**
**£**
**27,492**
**174,635**
**50,675**
**252,802**
_41,610_|_Total_
_funds_
_2021_
_£_
_5,876_
_-_
_35,734_|
|---|---|---|---|
|||||
|||||
||||_41,610_|
|||||
## **3. INCOME FROM CHARITABLE ACTIVITIES**
|**Unrestricted**
**funds**
**2022**
**£**
Children
**70,512**
Adults
**107,643**
Other projects
**79,069**
Supported Living
**239,044**
Day Services
**66,201**
**562,469**
_Total 2021_
_547,236_|**Restricted**
**funds**
**2022**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
_-_|**Total**
**funds**
**2022**
**£**
**70,512**
**107,643**
**79,069**
**239,044**
**66,201**
**562,469**
_547,236_|_Total_
_funds_
_2021_
_£_
_72,688_
_97,339_
_10,047_
_284,373_
_82,789_
_547,236_|
|---|---|---|---|
|||||
Page 16
## **4EDEN**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **4. TRADING ACTIVITIES**
|**Unrestricted**
**funds**
**2022**
**£**
**Charity trading income**
Trading income
**272,348**
**Trading expenses**
Purchases
**92,340**
Telephone
**1,268**
Advertising
**285**
Insurances
**415**
Equipment leasing
**2,731**
Premises expenses
**10,976**
Repairs and renewals
**14,399**
Sundry expenses
**735**
Wages and salaries
**95,143**
Employers NICs
**6,577**
Pension costs
**2,026**
Depreciation
**10,585**
Amortisation of goodwill
**5,000**
**242,480**
Net income/(expenditure) from trading
activities
**29,868**|**Restricted**
**funds**
**2022**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Total**
**funds**
**2022**
**£**
**272,348**
**92,340**
**1,268**
**285**
**415**
**2,731**
**10,976**
**14,399**
**735**
**95,143**
**6,577**
**2,026**
**10,585**
**5,000**
**242,480**
**29,868**|_Total_
_funds_
_2021_
_£_
_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)_|
## **5. INVESTMENT INCOME**
|**Unrestricted**
**funds**
**2022**
**£**
Bank interest receivable
**27**
_Total 2021_
_296_|**Restricted**
**funds**
**2022**
**£**
**-**
_-_|**Total**
**funds**
**2022**
**£**
**27**
_296_|_Total_
_funds_
_2021_
_£_
_296_|
|---|---|---|---|
|||||
Page 17
## **4EDEN**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **6. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES**
|**Unrestricted**
**funds**
**2022**
**£**
Children
**59,133**
Adults
**95,078**
Other projects
**72,317**
Supported Living
**233,457**
Day Services
**93,412**
**553,397**
_Total 2021_
_557,927_|**Restricted**
**funds**
**2022**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
_-_|**Total**
**funds**
**2022**
**£**
**59,133**
**95,078**
**72,317**
**233,457**
**93,412**
**553,397**
_557,927_|_Total_
_funds_
_2021_
_£_
_59,913_
_79,231_
_84,741_
_244,240_
_89,802_|
|---|---|---|---|
||||_557,927_|
|||||
|**7.**
**DIRECT COSTS**
Repairs and renewals
Travel costs
Training
Office and IT expenses
Premises expenses
Other
Wages and salaries
Employers NICs
Pension costs
Depreciation
_Total 2021_|**Children**
**£**
**32**
**264**
**-**
**-**
**-**
**2,609**
**37,438**
**9,265**
**2,854**
**240**
**52,702**
_52,254_|**Adults**
**£**
**-**
**49**
**-**
**-**
**-**
**685**
**79,930**
**4,275**
**1,317**
**318**
**86,574**
_68,976_|**Other**
**projects**
**£**
**1,193**
**4,735**
**4,257**
**-**
**123**
**1,411**
**48,021**
**2,401**
**740**
**340**
**63,221**
_81,600_|**Supported**
**Living**
**£**
**340**
**-**
**-**
**-**
**-**
**1,401**
**190,895**
**10,420**
**3,210**
**980**
**207,246**|
|---|---|---|---|---|
|||||_214,276_|
Page 18
## **4EDEN**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **7. 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 2021_|**Day**
**Services**
**£**
**82**
**174**
**-**
**-**
**-**
**1,789**
**76,699**
**3,568**
**1,099**
**360**
**83,771**
_81,077_|**Total**
**2022**
**£**
**1,647**
**5,222**
**4,257**
**-**
**123**
**7,895**
**432,983**
**29,929**
**9,220**
**2,238**
**493,514**
_498,183_|_Total_
_2021_
_£_
_2,795_
_4,164_
_598_
_3,706_
_287_
_886_
_444,252_
_29,725_
_9,512_
_2,258_|
|---|---|---|---|
|||||
|||||
||||_498,183_|
|||||
## **8. 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 2021_|**Children**
**£**
**878**
**551**
**151**
**681**
**687**
**1,193**
**772**
**666**
**-**
**852**
**6,431**
_7,659_|**Adults**
**£**
**1,155**
**729**
**200**
**902**
**909**
**1,578**
**1,022**
**882**
**-**
**1,127**
**8,504**
_10,255_|**Other**
**projects**
**£**
**1,236**
**780**
**213**
**964**
**973**
**1,688**
**1,093**
**943**
**-**
**1,206**
**9,096**
_3,141_|**Supported**
**Living**
**£**
**3,555**
**2,249**
**615**
**2,780**
**2,804**
**4,865**
**3,150**
**2,718**
**-**
**3,475**
**26,211**|
|---|---|---|---|---|
||||||
||||||
||||||
|||||_29,964_|
Page 19
## **4EDEN**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **8. 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 2021_|**Day**
**Services**
**£**
**1,310**
**827**
**226**
**1,022**
**1,031**
**1,789**
**1,158**
**1,000**
**-**
**1,278**
**9,641**
_8,725_|**Total**
**2022**
**£**
**8,134**
**5,136**
**1,405**
**6,349**
**6,404**
**11,113**
**7,195**
**6,209**
**-**
**7,938**
**59,883**
_-_|_Total_
_2021_
_£_
_11,423_
_4,984_
_3,518_
_936_
_7,022_
_7,039_
_6,839_
_2,352_
_2,081_
_13,550_
_59,744_|
|---|---|---|---|
|||||
## **9.**
## **GOVERNANCE COSTS**
|**Unrestricted**
**funds**
**2022**
**£**
Auditors' remuneration
**4,560**
Accountancy fees
**(154)**
Legal and professional fees
**1,253**
Bank charges
**-**
Profit/(loss) on disposal of fixed assets
**(2,300)**
**3,359**|**Restricted**
**funds**
**2022**
**£**
**-**
**-**
**-**
**-**
**-**
**-**|**Total**
**funds**
**2022**
**£**
**4,560**
**(154)**
**1,253**
**-**
**(2,300)**
**3,359**|_Total_
_funds_
_2021_
_£_
_-_
_1,668_
_6,021_
_96_
_6,000_|
|---|---|---|---|
|||||
|||||
||||_13,785_|
Page 20
## **4EDEN**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **10. ANALYSIS OF EXPENDITURE BY ACTIVITIES**
|Children
Adults
Other projects
Supported Living
Day Services
Total 2022
_Total 2021_|**Activities**
**undertaken**
**directly**
**2022**
**£**
**52,702**
**86,574**
**63,221**
**207,246**
**83,771**
**493,514**
_498,183_|**Support**
**costs**
**2022**
**£**
**6,431**
**8,504**
**9,096**
**26,211**
**9,641**
**59,883**
_59,744_|**Total**
**2022**
**£**
**59,133**
**95,078**
**72,317**
**233,457**
**93,412**
**553,397**
_557,927_|_Total_
_2021_
_£_
_59,913_
_79,231_
_84,741_
_244,240_
_89,802_|
|---|---|---|---|---|
|||||_557,927_|
||||||
## **11. NET INCOME/(EXPENDITURE)**
This is stated after charging:
||**2022**|_2021_|
|---|---|---|
||**£**|_£_|
|Depreciation of tangible fixed assets:|||
|- owned by the charity|**20,761**|_23,155_|
|Amortisation of intangible fixed assets|**5,000**|_5,000_|
|Auditors' remuneration - audit|**4,560**|_-_|
During the year, no Trustees received any remuneration (2021 - £NIL). During the year, no Trustees received any benefits in kind (2021 - £NIL). During the year, no Trustees received any reimbursement of expenses (2021 - £NIL).
## **12. AUDITORS' REMUNERATION**
The Auditor's remuneration amounts to an Audit fee of £4,560 (2021 - £ -).
Page 21
## **4EDEN**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **13. STAFF COSTS**
|**STAFF COSTS**||
|---|---|
|Staff costs were as follows:
**2022**
**£**
Wages and salaries
**528,126**
Social security costs
**36,506**
Other pension costs
**11,246**
**575,878**
The average number of persons employed by the charity during the year was as follows:
**2022**
**No.**
Management and staff
**29**
No employee received remuneration amounting to more than £60,000 in either year.|_2021_
_£_
_538,282_
_35,849_
_11,472_|
||_585,603_|
||_2021_
_No._
_30_|
## **14. INTANGIBLE FIXED ASSETS**
|**Cost**
At 1 April 2021 and 31 March 2022
**Amortisation**
At 1 April 2021
Charge for the year
At 31 March 2022
**Carrying amount**
At 31 March 2022
_At 31 March 2021_|**Goodwill**
**£**
**24,999**
**13,000**
**5,000**
**18,000**
**6,999**
_11,999_|
|---|---|
Page 22
## **4EDEN**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **15. TANGIBLE FIXED ASSETS**
|**Cost**
At 1 April 2021
Additions
Disposals
At 31 March 2022
**Depreciation**
At 1 April 2021
Charge for the year
On disposals
At 31 March 2022
**Net book value**
At 31 March 2022
_At 31 March 2021_|**Freehold**
**property**
**£**
**252,632**
**-**
**-**
**252,632**
**13,278**
**5,033**
**-**
**18,311**
**234,321**
_239,354_|**Motor**
**vehicles**
**£**
**35,442**
**1,000**
**(19,705)**
**16,737**
**26,502**
**2,076**
**(17,705)**
**10,873**
**5,864**
_8,940_|**Fixtures and**
**fittings**
**£**
**105,445**
**14,277**
**(558)**
**119,164**
**64,666**
**12,165**
**-**
**76,831**
**42,333**
_40,779_|**Office**
**equipment**
**£**
**8,874**
**418**
**-**
**9,292**
**3,274**
**1,487**
**-**
**4,761**
**4,531**
_5,600_|**Total**
**£**
**402,393**
**15,695**
**(20,263)**
**397,825**
**107,720**
**20,761**
**(17,705)**
**110,776**
**287,049**
_294,673_|
|---|---|---|---|---|---|
## **16. STOCKS**
|**16.**
**STOCKS**|||
|---|---|---|
|Stocks
**17.**
**DEBTORS**
Trade debtors
Prepayments and accrued income|**2022**
**£**
**4,055**
**2022**
**£**
**30,583**
**8,601**
**39,184**|_2021_
_£_
_3,852_|
|||_2021_
_£_
_48,475_
_9,107_|
|||_57,582_|
Page 23
## **4EDEN**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **18. 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
**CREDITORS: Amounts falling due after more than one year**
Other loans|**2022**
**£**
**-**
**7,992**
**7,846**
**4,193**
**4,560**
**24,591**
**2022**
**£**
**-**|_2021_
_£_
_14,400_
_6,175_
_7,172_
_4,580_
_1,846_|
|||_34,173_|
|||_2021_
_£_
_68,800_|
## **19. CREDITORS: Amounts falling due after more than one year**
## **20. STATEMENT OF FUNDS**
## **STATEMENT OF FUNDS - CURRENT YEAR**
|**Balance at 1**
**April 2021**
**£**
**Unrestricted funds**
Unrestricted Funds
**473,165**
**Restricted funds**
Restricted funds
**53,784**
Total of funds
**526,949**
**STATEMENT OF FUNDS - PRIOR YEAR**
**Unrestricted funds**
Unrestricted Funds
**Restricted funds**
Restricted funds
Total of funds|**Income Expenditure**
**£**
**£**
**1,087,646**
**(799,236)**
**-**
**-**
**1,087,646**
**(799,236)**
_Balance at_
_1 April 2020_
_Income_
_£_
_£_
_467,227_
_783,586_
_53,784_
_-_
_521,011_
_783,586_|**Transfers**
**in/out**
**£**
**47,984**
**(47,984)**
**-**
_Expenditure_
_£_
_(777,648)_
_-_
_(777,648)_|**Balance at**
**31 March**
**2022**
**£**
**809,559**|
|---|---|---|---|
||||**5,800**|
||||**815,359**|
||||_Balance at 31_
_March 2021_
_£_
_473,165_|
||||_53,784_|
||||_526,949_|
Page 24
## **4EDEN**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **SUMMARY OF FUNDS - CURRENT YEAR**
|||||||||||**Balance at**|**Balance at**|
|---|---|---|---|---|---|---|---|---|---|---|---|
||**Balance at 1**|||||||**Transfers**||**31 March**||
|||**April 2021**|**Income **||**Expenditure**|||**in/out**||**2022**||
|||**£**|**£**|||**£**||**£**||**£**||
|Unrestricted funds||**473,165**|**1,087,646**|||**(799,236)**||**47,984**||**809,559**||
|Restricted funds||**53,784**|**-**|||**-**||**(47,984)**||**5,800**||
|||||||||||||
|||**526,949**|**1,087,646**|||**(799,236)**||**-**||**815,359**||
||**SUMMARY OF FUNDS - PRIOR YEAR**|||||||||||
||||_Balance at_|||||||_Balance at 31_||
||||_1 April 2020_|||_Income_||_Expenditure_||_March 2021_||
||||_£_|||_£_||_£_||_£_||
|Unrestricted funds|||_467,227_|||_783,586_||_(777,648)_||_473,165_||
|Restricted funds|||_53,784_|||_-_||_-_||_53,784_||
|||||||||||||
||||_521,011_|||_783,586_||_(777,648)_||_526,949_||
|**21.**|**RECONCILIATION OF NET MOVEMENT IN FUNDS TO**||||**NET CASH FLOW FROM OPERATING**|||||||
||**ACTIVITIES**|||||||||||
|||||||||**2022**||_2021_||
|||||||||**£**||_£_||
||Net income for the year (as per Statement of Financial||Activities)|||||**288,410**||_5,938_||
||**Adjustment for:**|||||||||||
||Depreciation charges|||||||**25,760**||_28,155_||
||Dividends, interest and rents from investments|||||||**(27)**||_(296)_||
||(Profit)/loss on the sale of fixed assets|||||||**(1,742)**||_6,000_||
||(Increase)/decrease in stocks|||||||**(203)**||_743_||
||Decrease/(increase) in debtors|||||||**18,398**||_(3,047)_||
||Decrease in creditors|||||||**(78,382)**||_(21,677)_||
||**Net cash provided by operating activities**|||||||**252,214**||_15,816_||
|**22.**|**ANALYSIS OF CASH AND CASH EQUIVALENTS**|||||||||||
|||||||||**2022**||_2021_||
|||||||||**£**||_£_||
||Cash in hand|||||||**1,253**||_1,266_||
||Notice deposits (less than 3 months)|||||||**501,410**||_260,550_||
||Total|||||||**502,663**||_261,816_||
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## **4EDEN**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **23. OPERATING LEASE COMMITMENTS**
At 31 March 2022 the total of the Charity’s future minimum lease payments under non-cancellable operating leases was:
||**Land and buildings**|**Land and buildings**||**Other**|
|---|---|---|---|---|
||**2022**|_2021_|**2022**|_2021_|
||**£**|_£_|**£**|_£_|
|**Amounts payable:**|||||
|Within 1 year|**-**|_-_|**447**|_5,566_|
|Between 1 and 5 years|**-**|_-_|**-**|_1,020_|
## **24. CONTROLLING PARTY**
The charity is under the control of the Trustees.
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