**Registered number: 04379195 Charity number: 1098969**
## **4EDEN**
**(A company limited by guarantee)**
## **UNAUDITED**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MARCH 2023**
## **4EDEN**
## **(A company limited by guarantee)**
## **CONTENTS**
||Page|
|---|---|
|**Reference and administrative details of the Charity, its Trustees and advisers**|1 - 2|
|**Trustees' report**|3 - 8|
|**Independent examiner's report**|9|
|**Statement of financial activities**|10|
|**Balance sheet**|11 - 12|
|**Statement of cash flows**|13|
|**Notes to the financial statements**|14 - 29|
**4EDEN**
## **(A company limited by guarantee)**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023**
## **Trustees**
K Bateman (resigned 6 October 2023) C Kenn (resigned 4 October 2023) C D Hopley (resigned 14 March 2023) S P Hughes, Chair (resigned 17 July 2023) J I Wilkinson (resigned 7 December 2022)
P A Potts, Chair
P Callaghan (resigned 7 December 2022)
J Nichol (resigned 7 December 2022)
M Giles, Treasurer
**Company registered number** 04379195
**Charity registered number** 1098969
## **Registered office**
Ullswater House Duke Street Penrith Cumbria CA11 7LY
## **Company secretary**
P Potts
## **Chief officer**
J Taylor
## **Accountants**
Full Circle Accountancy Limited Chartered Accountants The Office Mardale Road Penrith Cumbria CA11 9EH
Page 1
**4EDEN**
## **(A company limited by guarantee)**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023**
## **Bankers**
HSBC Bank plc Market Square Penrith Cumbria CA11 7SN
CAF Bank Limited 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ
Page 2
## **4EDEN**
## **(A company limited by guarantee)**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023**
The Trustees present their annual report together with the financial statements of the 4Eden for the year 1 April 2022 to 31 March 2023. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable 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 (FRS102) (effective 1 January 2019).
Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
## **Objectives and activities**
## **Policies and objectives**
4EDEN’s aims are to improve the lives of children, young people and adults who have learning disabilities, neurodiversity and additional learning needs. We believe that by making available a wide variety of activities, working in our local community and being embedded in the culture of the Eden Valley, those who seek their ‘best life’ can grow and develop their potential and achieve their outcomes. It is vitally important to offer individualised person-led approach to ensure that each person can explore and plan their lives to live their ‘best life’.
4EDEN provide a variety of activities which include friendship groups, social outings, trips and holidays to encourage social interaction and friendships outside of paid support.
Our social enterprises offer opportunities to experience work placements, learning and training with the potential to work towards paid employment. Meaningful activity with purpose to learn alongside peers and make some life choices to develop and grow into their futures.
We have further developed our supported and independent living as those supported reach a level of independence and reduce their need for paid support. 4EDEN is developing new housing options for those who choose to set up a new home and selecting where they live and who they choose to live with.
Day opportunities – Skills4EDEN has developed and expanded and is the first step for many people to engage with others and to identify their key goals and outcomes. Experiencing new opportunities and learning new skills alongside their peers enables learning experiences, working out solutions and enabling choices. People can identify what they enjoy and focus on achieving their goals in life. Local work placements are arranged and our ‘revolving door’ enables people to come and go as they try out opportunities for additional learning.
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, including the guidance 'Public benefit: running a charity (PB2)'.
## **Strategies for achieving objectives**
During this financial year, 4EDEN committed to undertake a 3 to 5-year Strategic Plan. This plan will guide us through some changing times. It will plan new directions and scope out how we aim to achieve them. Funding and charitable aims will be explored to ensure that 4EDEN is financially secure to meet the plans and to address how the services/opportunities and activities provided will remain financially viable and meet the charities aims for the future of the local population.
This year, to achieve our objectives, we have had to spend time supporting people to re-learn how to engage, how to reconnect and how to work together.
Page 3
**4EDEN**
## **(A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023**
## **Objectives and activities (continued)**
## **Activities undertaken to achieve objectives**
2022/23 was a year of reflection and recovery from the pandemic. Having never had to deal with such impact on the people who rely on 4EDEN, the staff and management team, supported by the Board of Trustees, have had to take stock of their current position and look to rebuild and recover. There have been many changes during this year, some people not returning to their previous activities due to a variety of reasons – pandemic related. Some employees choosing to leave the service – again for a variety of reasons. The impact on those decisions. Our social enterprises all took a downturn due to the uncertainties and have had to build up again with the additional challenges of government decisions and implications that we have all faced due to rising costs and squeeze on income. For these reasons, the decision was taken to go forward with Strategic Planning. This year we have ridden the waves whilst we have got into the detail and invested time in understanding where we are and where we are aiming to go. We must never forget how the pandemic has affected everyone and must learn from the devastating restrictions to those 4EDEN supports, the employees and wider team. It is the recovery from the pandemic that has restricted the growth and development of activities during this year. But also, has given us time (and strength) to plan ahead – which we are now doing for the benefit of all.
## **Social investment policies**
This year, more than ever – we have appreciated the social investment of the senior management team, who despite low in numbers have battled on to ensure that what could be delivered has been for the benefit of those using 4EDEN’s opportunities. Using funds from reserves (to support income to run activities) these have been readily used to ensure that those disadvantaged have had the chance to begin to rebuild their restricted lives. It is important to understand that 4EDEN charity is embedded in our local community, the team alerts, informs and encourages other local social investors to give of their time to support our aims. The community, local groups, charities and CIO’s, volunteers and supporters are all invested to create the best life opportunities for people.
This year we are showing a loss, to achieve our objectives we must re-invest our surplus. This is true of all charities, as we manage our finances frugally, we can ensure that we are financially stable to support our core services. To ensure that those we support are engaged and encouraged to re-connect we have increased our staffing beyond what we are funded, it is essential to meet the needs as they arise, invest now, and enable later.
## **Volunteers**
The charity is grateful for the efforts of all of its volunteers who are involved in service provision and fundraising. 4EDEN recruit volunteers at times when there is a need. The pandemic prevented this and we are in the process of addressing new activities that we can recruit volunteers for.
All the Trustees of 4EDEN are volunteers and we thank them for their input, skills and expertise in directing the charity to reach their objectives. Trustees operate on a cycle, and we are always keen to hear from people interested in sharing their knowledge to support and advance the Charity.
Page 4
**4EDEN**
**(A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023**
## **Objectives and activities (continued)**
## **Main activities undertaken to further the Charity's purposes for the public benefit**
4EDEN provides and continually looks to improve their activities and opportunities and realise the need for change as new requirements and needs arise.
Currently our service provision comprises of:
Supported Living Independent Living Adults individualised provision Childrens' individualised provision Adults social and activity groups Childrens' after school, trips and holidays opportunities Skills4 EDEN Bake4EDEN Fixit4EDEN Cafe4EDEN Specialised commissioned provision
## **Achievements and performance**
## **Main achievements of the Charity**
4EDEN is privileged to provide support, experiences, and opportunities for people in the local community. We aim to enable people to achieve their ‘best life’ and we do this by listening to those who ask for information from us. We are extremely humbled when people who have received some support, encouragement and opportunity go onto work towards and achieve their goals. 4EDEN provides the conduit, the time, the skills, and the opportunity for people to get the best out of their life – our achievements are their achievements. These can be as simple as making a decision for the first time, speaking up so others listen, doing something by yourself– though to the more complex needs such as setting up your new home or starting your new job. We are there every step of the way at a person's pace – our achievements are their achievements – we just make it happen. Our social enterprises provide additional opportunities for people to explore their future goals. We listen, we enable, we celebrate.
It is clear to us that we need to make future investment in services, of staffing and in the management team.
This year was one of recovery, reflection, and consolidation. During the coming year we will finalise our Strategic plan and identify our new directions.
## **Factors relevant to achieve objectives**
This year has increased our desire to review and reflect and move to re-design around the objectives to meet the needs of local people, this will be further explained in next year's accounting. It is clear to us that with rising wages the income to our services will need to increase - or some services will cease.
## **Fundraising activities and income generation**
4EDEN has been limited to in its fundraising activities due to an understaffing situation and lack of management team during and since the pandemic. There has been some small fundraising initiatives undertaken in house to raise funds for planned activities needed.
Page 5
**4EDEN**
**(A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023**
## **Achievements and performance (continued)**
## **Investment policy and performance**
Aside from retaining a prudent amount in reserves each year, most of the charity’s funds are to be spent in the short term so there are few funds for long-term investment. Should this situation change in the future, the Board of Trustees will reexamine the market opportunities.
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. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
## **Reserves policy**
The Board of Trustees has examined the charity’s requirements for reserves considering the main risks to the organisation. It has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets are held by the charity. The charity has ringfenced 6 months operating costs to ensure sustainability during the next financial year. The reserves are needed to meet the working capital requirements of the charity and the Board of Trustees are confident that at this level they would be able to continue the current activities of the charity in the event of a significant drop in funding.
## **Principal risks and uncertainties**
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.
## **Principal funding**
4EDEN’s main source of funding comes from its core activities of Supported Living and Independent living, this is supplemented by income generated by the four business concerns: Skills4EDEN, Bake4EDEN, Fixit4EDEN, Cafe4EDEN and the children’s activity groups.The Local Authority commission services via a framework. Individuals can purchase services through their Direct Payments and Individual Service Funds.
Page 6
**4EDEN**
**(A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023**
## **Structure, governance and management**
## **Constitution**
4Eden is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association. 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.
## **Methods 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 Memorandum of Association.
## **Organisational structure and decision-making policies**
4EDEN has a Board of Trustees currently standing at 9 but can expand to 12 members who meet quarterly and are responsible for the strategic direction and policy of the charity. The Board’s members are from a variety of professional backgrounds relevant to the work of the charity. The Secretary also sits on the Committee but has no voting rights.
A scheme of delegation is in place and day to day responsibility for the provision of the services rest with the Chief Executive along with the Services and Finance and Administration Managers. The Chief Executive is responsible for ensuring that the charity delivers the services specified and that key performance indicators are met. The Services Manager has responsibility for the day to day operational management of 4EDEN, individual supervision of the staff team and also ensuring that the team continue to develop their skills and working practices in line with good practice.
## **Policies adopted for the induction and training of Trustees**
Most trustees are already familiar with the practical work of the charity when they apply to become a Trustee. They are encouraged to attend a meeting so that they can see what is involved and where they can raise any questions. They are also invited to visit the various going concerns so they can see first had the work the charity does.
An information pack (currently being updated) is provided outlining:
The obligations of Management Committee members.
The main documents which set out the operational framework for the charity including the Memorandum and Articles.
Resourcing and the current financial position as set out in the latest published accounts.
It has also been planned to hold an open day to encourage new applications to strengthen the Board.
## **Financial 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 exposure to the major risks.
Page 7
**4EDEN (A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023**
## **Structure, governance and management (continued)**
## **Trustees' indemnities**
The Trustees are indemnified under our insurance policy - charity limited by guarantee. This includes a trustee's indemnity against any liability in connections with negligence, default, breach of duty or breach of trust in relation to the charity.
## **Plans for future periods**
The 3–5-year strategic plan will be completed during 2023. This plan focuses on new directions for the Charity and will seek to recruit trustees who are ablest to share the vision for change and adapt to meeting the needs of the local community.
As 4EDEN has expanded we must focus on what we can deliver well and effectively and specialise in areas of specific needs that meet the charity’s aims and objectives, ethos and values. Exit plans for the senior management team will require recruiting of new managers who can direct the staffing teams and deliver against the strategic plan. We must move with the times and continually address changing needs – to ensure that local people are enabled to live their ‘best life’.
## **Statement of Trustees' responsibilities**
The Trustees (who are also the directors of the Charity 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 Charity and of its incoming resources and application of resources, including its income and expenditure, 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 of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) 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 Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity 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 Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees on 14 December 2023 and signed on their behalf by:
(interim chair)
**P A Potts**
Page 8
**4EDEN**
## **(A company limited by guarantee)**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2023**
## **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 2023.
## **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 Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the 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.
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.
Signed : Dated : 14 December 2023 Jonathan Millar FCA DChA ICAEW
Full Circle Accountancy Limited
Page 9
**4EDEN**
## **(A company limited by guarantee)**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023**
|**Note**
**Income from:**
Donations and legacies
3
Charitable activities
4
Other trading activities
Investments
6
Other income
7
**Total income**
**Expenditure on:**
Raising funds
Charitable activities:
8
_._ Other charitable activities
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2023**
**£**
**42,472**
**654,181**
**263,090**
**133**
**302**
**960,178**
**268,255**
**815,612**
**1,083,867**
**(123,689)**
**809,559**
**(123,689)**
**685,870**|**Restricted**
**funds**
**2023**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**5,800**
**-**
**5,800**|**Total**
**funds**
**2023**
**£**
**42,472**
**654,181**
**263,090**
**133**
**302**
**960,178**
**268,255**
**815,612**
**1,083,867**
**(123,689)**
**815,359**
**(123,689)**
**691,670**|_Total_
_funds_
_2022_
_£_
_252,802_
_562,469_
_272,348_
_27_
_-_
_1,087,646_|
|---|---|---|---|---|
|||||_242,480_
_556,756_
_799,236_|
|||||_288,410_|
|||||_526,949_
_288,410_
_815,359_|
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 14 to 29 form part of these financial statements.
Page 10
## **4EDEN (A company limited by guarantee) REGISTERED NUMBER: 04379195**
## **BALANCE SHEET AS AT 31 MARCH 2023**
|**Note**
**Fixed assets**
Intangible assets
13
Tangible assets
14
**Current assets**
Stocks
15
Debtors
16
Cash at bank and in hand
Creditors: amounts falling due within one year
17
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension asset**
**Total net assets**
**Charity funds**
Restricted funds
18
Unrestricted funds
18
**Total funds**|**4,323**
**9,986**
**550,619**
**564,928**
**(189,285)**|**2023**
**£**
**1,999**
**314,028**
**316,027**
**375,643**
**691,670**
**691,670**
**691,670**
**5,800**
**685,870**
**691,670**|_4,055_
_39,184_
_502,663_
_545,902_
_(24,591)_|_2022_
_£_
_6,999_
_287,049_|
|---|---|---|---|---|
|||||_294,048_
_521,311_|
|||||_815,359_|
|||||_815,359_|
|||||_815,359_|
|||||_5,800_
_809,559_|
|||||_815,359_|
Page 11
# **4EDEN (A company limited by guarantee) REGISTERED NUMBER: 04379195**
# **BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2023**
The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees on 14 December 2023 and signed on their behalf by:
## **M Giles**
The notes on pages 14 to 29 form part of these financial statements.
Page 12
## **4EDEN**
## **(A company limited by guarantee)**
## **STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023**
|**Cash flows from operating activities**
Net cash used in operating activities
**Cash flows from investing activities**
Dividends, interests and rents from investments
Proceeds from the sale of tangible fixed assets
Purchase of tangible fixed assets
**Net cash used in investing activities**
**Cash flows from financing activities**
**Net cash provided by financing activities**
**Change in cash and cash equivalents in the year**
Cash and cash equivalents at the beginning of the year
**Cash and cash equivalents at the end of the year**
The notes on pages 14 to 29 form part of these financial statements|**2023**
**£**
**105,615**
**133**
**1,000**
**(58,792)**
**(57,659)**
**-**
**47,956**
**502,663**
**550,619**|_2022_
_£_
_252,214_
_27_
_4,300_
_(15,694)_
**(11,367)**
**-**
**240,847**
_261,816_
_502,663_|
|---|---|---|
Page 13
**4EDEN**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **1. General information**
Carlisle Eden Mind Limited is a private company, limited by guarantee, domiciled in England and Wales, registration number 05689607. The registered office is 27 Spencer Street, Carlisle, CA1 1BE.
## **2. Accounting policies**
## **2.1 Basis of preparation of financial statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), 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.
## **2.2 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.
The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Charity, can be reliably measured.
Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
## **2.3 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.
Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
Page 14
**4EDEN**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **2. Accounting policies (continued)**
## **2.3 Expenditure (continued)**
All expenditure is inclusive of irrecoverable VAT.
## **2.4 Government grants**
Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of financial activities over the expected useful lives of the assets concerned. Other grants are credited to the Statement of financial activities as the related expenditure is incurred.
## **2.5 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 institution with whom the funds are deposited.
## **2.6 Intangible 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 assets at rates calculated to write off the cost of each asset on a straight-line basis over its expected useful life.
Amortisation is provided on the following basis:
Goodwill - 5 years
## **2.7 Tangible fixed assets and depreciation**
Tangible fixed assets costing £250 or more are capitalised and recognised when future economic benefits are probable, and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives.
Depreciation is provided 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|
## **2.8 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.
Page 15
**4EDEN**
**(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **2. Accounting policies (continued)**
## **2.9 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.
## **2.10 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.
## **2.11 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 in the Statement of financial activities as a finance cost.
## **2.12 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.
## **2.13 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.
## **2.14 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.
Investment income, gains and losses are allocated to the appropriate fund.
Page 16
## **4EDEN**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **3. Income from donations and legacies**
|Donations
Legacies
Government grants
_Total 2022_|**Unrestricted**
**funds**
**2023**
**£**
5,295
-
37,177
42,472
_252,802_|**Total**
**funds**
**2023**
**£**
**5,295**
**-**
**37,177**
**42,472**
_252,802_|_Total_
_funds_
_2022_
_£_
_27,492_
_174,635_
_50,675_
_252,802_|
|---|---|---|---|
|||||
## **4. Income from charitable activities**
|Children
Adults
Other projects
Supported Living
Day Services
_Total 2022_|**Unrestricted**
**funds**
**2023**
**£**
101,384
117,104
44,097
241,114
150,482
654,181
_562,469_|**Total**
**funds**
**2023**
**£**
**101,384**
**117,104**
**44,097**
**241,114**
**150,482**
**654,181**
_562,469_|_Total_
_funds_
_2022_
_£_
_70,512_
_107,643_
_79,069_
_239,044_
_66,201_
_562,469_|
|---|---|---|---|
|||||
Page 17
## **4EDEN**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **5. Trading activities**
|Charity trading income
**Trading expenses**
Purchases
Telephone
Advertising
Insurances
Equipment hire
Premises expenses
Repairs
Sundry
Wages and salaries
Employers NIC
Pension costs
Depreciation
Amortisation of goodwill
**Net (expenditure)/income from trading activities**|**Unrestricted**
**funds**
**2023**
**£**
263,090
263,090
110,231
1,500
-
274
719
14,288
23,673
1,373
88,236
6,099
1,879
14,983
5,000
268,255
(5,165)|**Total**
**funds**
**2023**
**£**
**263,090**
**263,090**
**110,231**
**1,500**
**-**
**274**
**719**
**14,288**
**23,673**
**1,373**
**88,236**
**6,099**
**1,879**
**14,983**
**5,000**
**268,255**
**(5,165)**|_Total_
_funds_
_2022_
_£_
_272,348_|
|---|---|---|---|
||||_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_|
## **6. Investment income**
|Interest received
_Total 2022_|**Unrestricted**
**funds**
**2023**
**£**
133
_27_|**Total**
**funds**
**2023**
**£**
**133**
_27_|_Total_
_funds_
_2022_
_£_
_27_|
|---|---|---|---|
|||||
Page 18
## **4EDEN**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **7. Other incoming resources**
|Training room hire
Sundry income|**Unrestricted**
**funds**
**2023**
**£**
150
152
302|**Total**
**funds**
**2023**
**£**
**150**
**152**
**302**|_Total_
_funds_
_2022_
_£_
_-_
_-_
_-_|
|---|---|---|---|
## **8. Analysis of expenditure on charitable activities**
## **Summary by fund type**
|Children
Adults
Other projects
Supported Living
Day Services
_Total 2022_|**Unrestricted**
**funds**
**2023**
**£**
93,921
111,547
117,421
336,981
155,742
815,612
_556,756_|**Total**
**2023**
**£**
**93,921**
**111,547**
**117,421**
**336,981**
**155,742**
**815,612**
_556,756_|_Total_
_2022_
_£_
_56,833_
_95,078_
_77,976_
_233,457_
_93,412_
_556,756_|
|---|---|---|---|
|||||
Page 19
**4EDEN**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **9. Analysis of expenditure by activities**
|Children
Adults
Other projects
Supported Living
Day Services
_Total 2022_|**Activities**
**undertaken**
**directly**
**2023**
**£**
85,159
100,080
101,610
302,395
142,800
732,044
_493,514_|**Support**
**costs**
**2023**
**£**
8,762
11,467
15,811
34,586
12,942
83,568
_63,242_|**Total**
**funds**
**2023**
**£**
**93,921**
**111,547**
**117,421**
**336,981**
**155,742**
**815,612**
_556,756_|_Total_
_funds_
_2022_
_£_
_56,833_
_95,078_
_77,976_
_233,457_
_93,412_
_556,756_|
|---|---|---|---|---|
||||||
## **Analysis of direct costs**
|Staff costs
Depreciation
Repairs
Travel costs
Training
Premises expenses
Other
_Total 2022_|**Children**
**2023**
**£**
80,020
180
110
346
-
-
4,503
85,159
_52,702_|**Adults**
**2023**
**£**
98,578
238
-
731
-
-
533
100,080
_86,574_|**Other**
**projects**
**2023**
**£**
76,498
255
3,897
4,546
8,442
4,840
3,132
101,610
_63,221_|**Supported**
**Living**
**2023**
**£**
299,899
735
459
-
-
-
1,302|
|---|---|---|---|---|
|||||302,395|
|||||_207,246_|
Page 20
**4EDEN**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **9. Analysis of expenditure by activities (continued)**
## **Analysis of direct costs (continued)**
|Staff costs
Depreciation
Repairs
Travel costs
Training
Premises expenses
Other
_Total 2022_|**Day Services**
**2023**
**£**
132,875
271
440
1,336
-
-
7,878
142,800
_83,771_|**Total**
**funds**
**2023**
**£**
**687,870**
**1,679**
**4,906**
**6,959**
**8,442**
**4,840**
**17,348**
**732,044**
_493,514_|_Total_
_funds_
_2022_
_£_
_472,132_
_2,238_
_1,647_
_5,222_
_4,257_
_123_
_7,895_
_493,514_|
|---|---|---|---|
|||||
## **Analysis of support costs**
|Depreciation
Repairs
Insurances
Travel costs
Legal and professional
Equipment hire
Office expenses
Premises expenses
Other
Governance
Governance costs
_Total 2022_|**Children**
**2023**
**£**
1,519
1,377
687
216
789
19
2,456
731
600
368
-
8,762
_4,131_|**Adults**
**2023**
**£**
2,009
1,822
907
285
1,044
25
3,247
967
794
367
-
11,467
_8,504_|**Other**
**projects**
**2023**
**£**
2,149
1,949
970
305
3,663
26
3,473
1,034
849
1,393
-
15,811
_14,755_|**Supported**
**Living**
**2023**
**£**
6,194
5,616
2,797
879
3,218
76
10,011
2,981
2,447
367
-|
|---|---|---|---|---|
|||||34,586|
|||||_26,211_|
Page 21
## **4EDEN**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **9. Analysis of expenditure by activities (continued)**
## **Analysis of support costs (continued)**
|Depreciation
Repairs
Insurances
Travel costs
Legal and professional
Equipment hire
Office expenses
Premises expenses
Other
Governance
Profit on disposal of fixed assets
_Total 2022_|**Day Services**
**2023**
**£**
2,277
2,064
1,027
323
1,183
28
3,679
1,095
899
367
-
12,942
_9,641_|**Total**
**funds**
**2023**
**£**
**14,148**
**12,828**
**6,388**
**2,008**
**9,897**
**174**
**22,866**
**6,808**
**5,589**
**2,862**
**-**
**83,568**
_63,242_|_Total_
_funds_
_2022_
_£_
_7,938_
_8,134_
_5,136_
_1,405_
_6,349_
_6,404_
_11,113_
_7,195_
_6,209_
_5,659_
_(2,300)_
_63,242_|
|---|---|---|---|
|||||
## **10. Independent examiner's remuneration**
The independent examiner's remuneration amounts to an independent examiner fee of £1,776 ( _2022_ - _£ -_ ). The audit fee 2022 was £4,560.
## **11. Staff costs**
|Wages and salaries
Social security costs
Contribution to defined contribution pension schemes|**2023**
**£**
**719,068**
**49,704**
**15,312**
**784,084**|_2022_
_£_
_528,126_
_36,506_
_11,246_|
|---|---|---|
|||_575,878_|
The average number of persons employed by the Charity during the year was as follows:
||**2023**||_2022_|
|---|---|---|---|
||**No.**||_No._|
|Management and staff||**41**|_29_|
Page 22
## **4EDEN**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **11. Staff costs (continued)**
No employee received remuneration amounting to more than £60,000 in either year.
## **12. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits _(2022 - £NIL)_ .
During the year ended 31 March 2023, no Trustee expenses have been incurred _(2022 - £NIL)_ .
## **13. Intangible assets**
|**Cost**
At 1 April 2022
At 31 March 2023
**Amortisation**
At 1 April 2022
Charge for the year
At 31 March 2023
**Net book value**
At 31 March 2023
_At 31 March 2022_|**Goodwill**
**£**
**24,999**|
|---|---|
||**24,999**|
||**18,000**
**5,000**|
||**23,000**|
||**1,999**|
||_6,999_|
Page 23
## **4EDEN**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **14. Tangible fixed assets**
|**Freehold**
**property**
**£**
**Cost or valuation**
At 1 April 2022
**252,632**
Additions
**-**
Disposals
**-**
At 31 March 2023
**252,632**
**Depreciation**
At 1 April 2022
**18,311**
Charge for the year
**5,033**
At 31 March 2023
**23,344**
**Net book value**
At 31 March 2023
**229,288**
_At 31 March 2022_
_234,321_
**15.**
**Stocks**
Stocks
**16.**
**Debtors**
**Due within one year**
Trade debtors
Prepayments and accrued income|**Motor**
**vehicles**
**£**
**16,737**
**26,495**
**(1,000)**
**42,232**
**10,873**
**7,808**
**18,681**
**23,551**
_5,864_|**Fixtures and**
**fittings**
**£**
**119,164**
**21,739**
**-**
**140,903**
**76,831**
**14,936**
**91,767**
**49,136**
_42,333_||**Office**
**equipment**
**£**
**9,292**
**10,555**
**-**
**19,847**
**4,761**
**3,033**
**7,794**
**12,053**
_4,531_
**2023**
**£**
**4,323**
**2023**
**£**
**310**
**9,676**
**9,986**|**Total**
**£**
**397,825**
**58,789**
**(1,000)**
**455,614**
**110,776**
**30,810**
**141,586**
**314,028**
_287,049_|
|---|---|---|---|---|---|
|||||||
||||||_2022_
_£_
_4,055_
_2022_
_£_
_30,583_
_8,601_
_39,184_|
Page 24
## **4EDEN**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **17. Creditors: Amounts falling due within one year**
|Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income|**2023**
**£**
**152,591**
**17,229**
**5,571**
**13,894**
**189,285**|_2022_
_£_
_7,992_
_7,846_
_4,193_
_4,560_|
|---|---|---|
|||_24,591_|
Page 25
**4EDEN**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **18. Statement of funds**
## **Statement of funds - current year**
|**Unrestricted funds**
General Funds
**Restricted funds**
Restricted Funds
**Total of funds**|_Balance at_
_1 April 2021_
_£_
_473,165_
_53,784_
_526,949_|**Balance at 1**
**April 2022**
**£**
**809,559**
**5,800**
**815,359**
_Income_
_£_
_1,087,646_
_-_
_1,087,646_|**Income**
**£**
**Expenditure**
**£**
**960,178**
**(1,083,867)**
**-**
**-**
**960,178**
**(1,083,867)**
_Expenditure_
_£_
_Transfers in/out_
_£_
_(799,236)_
_47,984_
_-_
_(47,984)_
_(799,236)_
_-_|**Balance at**
**31 March**
**2023**
**£**
**685,870**|
|---|---|---|---|---|
|||||**5,800**|
|||||**691,670**|
|||||_Balance at_
_31 March_
_2022_
_£_
_809,559_|
|**Statement of funds - prior year**|||||
|**Unrestricted funds**
General Funds
**Restricted funds**
Restricted Funds
**Total of funds**|||||
|||||_5,800_|
|||||_815,359_|
Page 26
**4EDEN**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **19. Summary of funds**
## **Summary of funds - current year**
|General funds
Restricted funds
**Summary of funds - prior year**
General funds
Restricted funds|_Balance at_
_1 April 2021_
_£_
_473,165_
_53,784_
_526,949_|**Balance at 1**
**April 2022**
**£**
**809,559**
**5,800**
**815,359**
_Income_
_£_
_1,087,646_
_-_
_1,087,646_|**Income**
**£**
**Expenditure**
**£**
**960,178**
**(1,083,867)**
**-**
**-**
**960,178**
**(1,083,867)**
_Expenditure_
_£_
_Transfers in/out_
_£_
_(799,236)_
_47,984_
_-_
_(47,984)_
_(799,236)_
_-_|**Balance at**
**31 March**
**2023**
**£**
**685,870**
**5,800**
**691,670**|
|---|---|---|---|---|
|||||_Balance at_
_31 March_
_2022_
_£_
_809,559_
_5,800_
_815,359_|
## **20. Analysis of net assets between funds**
## **Analysis of net assets between funds - current year**
|Tangible fixed assets
Intangible fixed assets
Current assets
Creditors due within one year
**Total**|**Unrestricted**
**funds**
**2023**
**£**
314,028
1,999
559,128
(189,285)
685,870|**Restricted**
**funds**
**2023**
**£**
-
-
5,800
-
5,800|**Total**
**funds**
**2023**
**£**
**314,028**
**1,999**
**564,928**
**(189,285)**
**691,670**|
|---|---|---|---|
Page 27
## **4EDEN**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **20. Analysis of net assets between funds (continued)**
## **Analysis of net assets between funds - prior year**
|Tangible fixed assets
Intangible fixed assets
Current assets
Creditors due within one year
**Total**|_Unrestricted_
_funds_
_2022_
_£_
_287,049_
_6,999_
_540,102_
_(24,591)_
_809,559_|_Restricted_
_funds_
_2022_
_£_
_-_
_-_
_5,800_
_-_
_5,800_|_Total_
_funds_
_2022_
_£_
_287,049_
_6,999_
_545,902_
_(24,591)_
_815,359_|
|---|---|---|---|
|**21.**
**Reconciliation of net movement in funds to net cash flow from operating**
Net income/expenditure for the year (as per Statement of Financial Activities)
**Adjustments for:**
Depreciation charges
Dividends, interests and rents from investments
Loss/(profit) on the sale of fixed assets
Increase in stocks
Decrease in debtors
Increase/(decrease) in creditors
**Net cash provided by operating activities**
**22.**
**Analysis of cash and cash equivalents**
Cash in hand
Cash at bank
**Total cash and cash equivalents**|**activities**
**2023**
**£**
**(123,689)**
**35,810**
**(133)**
**-**
**(268)**
**29,198**
**164,697**
**105,615**
**2023**
**£**
**751**
**549,868**
**550,619**|_2022_
_£_
_288,410_
_25,760_
_(27)_
_(1,742)_
_(203)_
_18,398_
_(78,382)_
_252,214_
_2022_
_£_
_1,253_
_501,410_
_502,663_|
|---|---|---|
Page 28
## **4EDEN**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **23. Analysis of changes in net debt**
|Cash at bank and in hand|**At 1 April**
**2022**
**£**
**502,663**
**502,663**|**Cash flows**
**£**
**47,956**
**47,956**|**At 31 March**
**2023**
**£**
**550,619**
**550,619**|
|---|---|---|---|
Page 29