**Registered number: 04379195 Charity number: 1098969**
## **4EDEN**
**(A company limited by guarantee)**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MARCH 2024**
## **4EDEN**
## **(A company limited by guarantee)**
## **CONTENTS**
||Page|
|---|---|
|**Reference and administrative details of the Charity, its Trustees and advisers**|1|
|**Trustees' report**|2 - 9|
|**Independent auditors' report on the financial statements**|10 - 13|
|**Statement of financial activities**|14|
|**Balance sheet**|15 - 16|
|**Statement of cash flows**|17|
|**Notes to the financial statements**|18 - 33|
## **4EDEN**
## **(A company limited by guarantee)**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024**
## **Trustees**
J M Churchill (appointed 25 March 2024)
P Aisthorpe (appointed 25 March 2024)
M Giles, Chair K Bateman (resigned 6 October 2023)
C Kenn (resigned 4 October 2023) S P Hughes, Chair (resigned 17 July 2023) P A Potts, Chair (resigned 25 March 2024)
**Company registered number** 04379195
**Charity registered number** 1098969
**Registered office** Ullswater House Duke Street Penrith Cumbria CA11 7LY
## **Chief officer**
J Taylor
## **Independent auditors**
FCSC Audit Services Limited Chartered Accountants Registered Auditors Unit 7 Cooper Way Parkhouse Carlisle Cumbria CA3 0JG
## **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 1
## **4EDEN**
## **(A company limited by guarantee)**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2024**
The Trustees present their annual report together with the audited financial statements of the 4Eden for the year 1 April 2023 to 31 March 2024. 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 an 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 and day opportunities program offer opportunities to experience work placements, learning and training with the potential to work towards paid employment. Meaningful activity with the purpose to learn alongside peers and make life choices to develop and grow towards their futures.
Skills4EDEN and Kids4EDEN, some of our day opportunities, have developed and expanded and is the first steps for many people to engage with others to identify their key goals and outcomes. Experiencing new opportunities and learning new skills alongside their peer enable 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 and activities are arranged, and our ‘revolving door’ enables people to come and go as they try out opportunities for additional learning and experiences.
It is vital that we can offer low cost (or free delivery) experiences to ensure that everyone can access our services for personal development. Social care models are funds restricted, we are now returning to previous funding income and fundraising to enable more people to access for development.
We have further developed our supported and independent living, enabling people to make decisions for their future. We are working in partnership with another charity and housing provider to offer a wider range of housing opportunities, based in the local community with the option of moving away from traditional specific models of housing.
In setting objectives and planning for activities, the trustees have considered general guidance published by the Charity Commission relating to the public benefit, including the guidance ‘Public benefit: running a charity (PB2).
Page 2
**4EDEN**
## **(A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
## **Objectives and activities (continued)**
## **Strategies for achieving objectives**
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.
As we embark on Year 1:
## **Understanding service delivery costs in detail to determine viability of existing and potential service provision**
We have employed a skilful and experienced Head of Finance and Compliance who has been working diligently producing a variety of detailed financial reports to assess and monitor the charity’s expenditure. From this we can fully cost the provisions and plan to meet shortfalls to maintain the vital opportunities.
## **Creating capacity to enable more young people to develop through the kid’s club and into transition to gain employment skills in social enterprises**
Social Care funding models are challenging with the lack of investment from government, this is creating further challenges to ensure that funding is available to continue to work towards improving the lives of young people. We are being creative in our approach to this by working within our local community to provide access to community participation activities.
## **Create an impact analysis formula that will provide input to financial and funding strategie** s
We need to source funds to ensure that no person is excluded from accessing services provisions due to lack of funding.
We are developing new opportunities as previous funding sources are removed, this will require applying for further external funding to offer more development opportunities, we need to invest in our young people to enable them to have their best life.
Our year 2 and 3 objectives are currently under review with our new Board of Trustees.
## **Activities undertaken to achieve objectives**
During 2023/24 we began to put into practice some of the strategic plan. This involved developing a new employment pathway for our committed employees.
We have taken away the hierarchical triangle in favour of a journey involving the person leading their service with their coaches behind them – a train – of development.
We have changed some of the language used, from that of support worker to coach. A coach is there to promote empowerment, guide, and travel on the journey with the person and for themselves. Staff are trained and skilled in the areas they identify with the most thereby developing themselves as well as those coached to live their best life.
As part of the new structure implemented, we are investing on our employees, enabling constructive changes that focus more on the person and their journey, enabling them to adapt, change and flow with the needs at the time. This will enable lasting impact and experiences for each person.
Each part of the organisation has undergone development into our new process, this will take time to adapt to. We must be mindful of co-producing that it will done alongside the person being enabled, engaging them in every aspect of their journey. It is essential to work with the person and find out what they need to achieve their best life, this in turn directs us to providing activities that enable us to achieve our objectives.
To achieve the objectives of the charity we must listen and deliver to each person what they need to develop and grow on their life’s journey – year two of our plan will concentrate on developing opportunities and partnerships.
Page 3
**4EDEN**
**(A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
## **Objectives and activities (continued)**
## **Social investment policies**
4EDEN charity is embedded in our local community, this alerts, informs and encourages other local social investors to give of their time to support our aims. Community gardeners, local groups, charities and CIO’s, volunteers and supporters are all invested to create the best life opportunities for people. 4EDEN have also been fortunate to receive social financial investment (repayable) to boost activities as well as other Trusts who have invested in property and require our specialist services to provide specific individualised support for clients.
We have generated a surplus of funds, which has been through donations and income from our social enterprises, being frugal with our expenditure and ensuring that our costs are kept to a minimum. All surplus is used for the benefit the people we are privileged to share time with and enhances our ability to offer free events and subsidised trips and holidays. These opportunities enable people to have time away from home with friends and peers, establish and strengthen friendships outside of paid support.
## **Grant-making policies**
4EDEN do not have specific grant making polices/donations.
## **Volunteers**
4EDEN recruit volunteers at times when there is a need.
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.
## **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
Page 4
**4EDEN**
## **(A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
## **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’ we do this by listening to those who ask for information from us. We are extremely humbled when people who have received coaching, support and encouragement 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, completing a task 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 the individual’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.
4EDEN has continued to maintain the opportunities for a variety of local people. We embarked on a new project ‘My Community’ during the last year, this project provides core opportunities and activities for a wider circle of local people which offers further integration and community engagement, this works towards our aim of reducing paid support buy offering more inclusivity in the community.
## **Key performance indicators**
Now we have established our strategic plan this will be used on an annual basis to assess whether we have achieved our objectives and continuedly develop future objectives.
We will be monitoring staff turnover level to ensure that our new person lead structure is being implemented effectively and employees are gaining the intended feedback and development.
Financial stability is also a key factor for the charity, and we aim to achieve this by ensuring our assets and reserves are secure and protected. By doing this we can also maintain our services should we have any difficulty with funding such as that experienced during the COVID-19 pandemic.
## **Review of activities**
With many new activities planned through our services we continue to assess which provides the best opportunities for people using our services. We will listen and learn what activities are enjoyed and what is gained from them, then we can decide to continue the activities and in turn how we can maintain funding for them.
## **Factors relevant to achieve objectives**
This year we have faced a cost-of-living crisis which has not only affected the cost incurred to provide the services to a high standard but the local community who we work with. Considering this we have maintained the national living wage offered to our employees, and we have closely considered the costs of services to ensure that even if the activity makes a loss, it gains intangible benefits for the people using our services.
## **Fundraising activities and income generation**
Despite still being limited by understaffing some fundraising has taken place during the year and we have plans to enable key employees to increase fundraising efforts. Our business enterprises are generating a consistent income which we reinvest across our services.
Page 5
**4EDEN**
## **(A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
## **Achievements and performance (continued)**
## **Investment policy and performance**
We reinvest any surplus made into our business enterprises and across our services to allow the charity to offer new opportunities for the people using our services. Making a surplus during the year this will allow us to maintain our existing services and potentially expand to offer new activities.
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 Company 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 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 examines the charity's requirements for reserves on a regular basis considering the risks to the charity. A policy has been established where unrestricted funds which aren’t committed to fixed assets are held by the Charity. There are ringfenced funds amounting to six months of the operating costs to ensure sustainability over the coming financial year. The reserves are maintained to meet working capital requirements of the charity, and the board are confident this level provides the security to continue the current activities of the charity should there be 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.
## **Financial risk management objectives and policies**
With the improvements made throughout the year to our financial reports we have mitigated some risks to our financial position by now having a budget to better plan the expenditure of the charity. We have also assessed the charity’s needs for our banking and continue to review our requirements as there is more growth over the coming years.
## **Principal funding**
4EDEN’s main source of funding comes from the core activities of Supported and independent living, this is supplemented by income generated by four business enterprises: Skills4EDEN, Fixit4EDEN, Cafe4EDEN and Bake4EDEN. We also have the children’s activity groups. The local authority provides funding via a framework alternatively individuals can purchase services from 4Eden through their Direct Payments and Individual Service Fund.
Page 6
**4EDEN (A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
## **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 3 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.
The main documents which set out the operational framework for the charity include the Memorandum and Articles.
Resourcing and the current financial position as set out in the latest published accounts.
We now complete skills audits with each new trustee when carrying out the onboarding process to continually assess the skills held and still required by the board.
Page 7
**4EDEN (A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
## **Structure, governance and management (continued)**
## **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.
## **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 2024/2025. 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.
Page 8
## **4EDEN**
## **(A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
## **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 charity'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 charity's auditors are aware of that information.
## **Auditors**
The auditors, FCSC Audit Services Limited, have indicated their willingness to continue in office. The designated Trustees will propose a motion reappointing the auditors at a meeting of the Trustees.
Approved by order of the members of the board of Trustees on 21 September 2024 and signed on their behalf by:
**M Giles**
(Chair)
Page 9
**4EDEN**
## **(A company limited by guarantee)**
## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF 4EDEN**
## **Opinion**
We have audited the financial statements of 4Eden (the 'charitable company') for the year ended 31 March 2024 which comprise the Statement of financial activities, the Balance sheet, the Statement of cash flows and the related notes, including a summary of significant accounting policies. 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 2024 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 no 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 our 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.
Page 10
## **4EDEN**
## **(A company limited by guarantee)**
## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF 4EDEN (CONTINUED)**
## **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; 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 charitable company 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 11
## **4EDEN**
## **(A company limited by guarantee)**
## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF 4EDEN (CONTINUED)**
## **Auditors' responsibilities for the audit of the financial statements**
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
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, including 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.
## **Other matters**
The corresponding year's figures are unaudited.
Page 12
## **4EDEN**
## **(A company limited by guarantee)**
## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF 4EDEN (CONTINUED)**
## **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 members, as a body, for our audit work, for this report, or for the opinions we have formed.
## **FCSC Audit Services Limited**
Chartered Accountants Registered Auditors Unit 7 Cooper Way
Parkhouse
Carlisle Cumbria CA3 0JG
21 September 2024
FCSC Audit Services Limited are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.
Page 13
## **4EDEN**
## **(A company limited by guarantee)**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024**
|**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**
**2024**
**£**
**7,559**
**1,319,310**
**223,493**
**3**
**10,592**
**1,560,957**
**233,418**
**1,045,367**
**1,278,785**
**282,172**
**685,870**
**282,172**
**968,042**|**Restricted**
**funds**
**2024**
**£**
**26,127**
**-**
**-**
**-**
**-**
**26,127**
**-**
**15,903**
**15,903**
**10,224**
**5,800**
**10,224**
**16,024**|**Total**
**funds**
**2024**
**£**
**33,686**
**1,319,310**
**223,493**
**3**
**10,592**
**1,587,084**
**233,418**
**1,061,270**
**1,294,688**
**292,396**
**691,670**
**292,396**
**984,066**|_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_|
|---|---|---|---|---|
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 18 to 33 form part of these financial statements.
Page 14
## **4EDEN (A company limited by guarantee) REGISTERED NUMBER: 04379195**
## **BALANCE SHEET AS AT 31 MARCH 2024**
|**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**|**4,301**
**81,103**
**643,594**
**728,998**
**(45,454)**|**2024**
**£**
**-**
**300,522**
**300,522**
**683,544**
**984,066**
**984,066**
**984,066**
**16,024**
**968,042**
**984,066**|_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_|
Page 15
# **4EDEN (A company limited by guarantee) REGISTERED NUMBER: 04379195**
# **BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2024**
The entity was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the entity to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
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 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 21 September 2024 and signed on their behalf by:
## **M Giles**
Chair
The notes on pages 18 to 33 form part of these financial statements.
Page 16
## **4EDEN**
## **(A company limited by guarantee)**
## **STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024**
|**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 18 to 33 form part of these financial statements|**2024**
**£**
**113,962**
**3**
**-**
**(20,990)**
**(20,987)**
**-**
**92,975**
**550,619**
**643,594**|_2023_
_£_
_105,615_
_133_
_1,000_
_(58,792)_
**(57,659)**
**-**
**47,956**
_502,663_
_550,619_|
|---|---|---|
Page 17
**4EDEN**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **1. General information**
4Eden is a private company, limited by guarantee, domiciled in England and Wales, registration number 04379195. The registered office is Ullswater House, Duke Street, Penrith, CA11 7LY.
## **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.
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.
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.
## **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.
All expenditure is inclusive of irrecoverable VAT.
Page 18
**4EDEN**
**(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **2. Accounting policies (continued)**
## **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|- 33% straight line|
## **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 19
**4EDEN**
**(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **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 20
## **4EDEN**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **3. Income from donations and legacies**
|Donations
Government grants
_Total 2023_|**Unrestricted**
**funds**
**2024**
**£**
7,559
-
7,559
_42,472_|**Restricted**
**funds**
**2024**
**£**
11,257
14,870
26,127
_-_|**Total**
**funds**
**2024**
**£**
**18,816**
**14,870**
**33,686**
_42,472_|_Total_
_funds_
_2023_
_£_
_5,295_
_37,177_
_42,472_|
|---|---|---|---|---|
||||||
## **4. Income from charitable activities**
|Children
Adults
Other projects
Supported Living
Day Services
_Total 2023_|**Unrestricted**
**funds**
**2024**
**£**
94,328
552,965
68,220
446,191
157,606
1,319,310
_654,181_|**Total**
**funds**
**2024**
**£**
**94,328**
**552,965**
**68,220**
**446,191**
**157,606**
**1,319,310**
_654,181_|_Total_
_funds_
_2023_
_£_
_101,384_
_117,104_
_44,097_
_241,114_
_150,482_
_654,181_|
|---|---|---|---|
|||||
Page 21
## **4EDEN**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **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
Loss on disposal of fixed assets
**Net (expenditure)/income from trading activities**|**Unrestricted**
**funds**
**2024**
**£**
223,493
223,493
61,826
1,556
20
-
2,470
18,268
10,535
4,013
115,690
7,997
2,463
13,329
1,999
3,024
243,190
(19,697)|**Total**
**funds**
**2024**
**£**
**223,493**
**223,493**
**61,826**
**1,556**
**20**
**-**
**2,470**
**18,268**
**10,535**
**4,013**
**115,690**
**7,997**
**2,463**
**13,329**
**1,999**
**3,024**
**243,190**
**(19,697)**|_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)_|
|---|---|---|---|
**6. Investment income**
|Interest received
_Total 2023_|**Unrestricted**
**funds**
**2024**
**£**
3
_133_|**Total**
**funds**
**2024**
**£**
**3**
_133_|_Total_
_funds_
_2023_
_£_
_133_|
|---|---|---|---|
|||||
Page 22
## **4EDEN**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **7. Other incoming resources**
|Training room hire
Sundry income
_Total 2023_|**Unrestricted**
**funds**
**2024**
**£**
-
10,592
10,592
_302_|**Total**
**funds**
**2024**
**£**
**-**
**10,592**
**10,592**
_302_|_Total_
_funds_
_2023_
_£_
_150_
_152_|
|---|---|---|---|
||||_302_|
|||||
## **8. Analysis of expenditure on charitable activities**
## **Summary by fund type**
|Children
Adults
Other projects
Supported Living
Day Services
_Total 2023_|**Unrestricted**
**funds**
**2024**
**£**
71,087
417,104
51,223
336,609
169,344
1,045,367
_815,612_|**Restricted**
**funds**
**2024**
**£**
15,077
826
-
-
-
15,903
_-_|**Total**
**2024**
**£**
**86,164**
**417,930**
**51,223**
**336,609**
**169,344**
**1,061,270**
_815,612_|_Total_
_2023_
_£_
_93,921_
_111,547_
_117,421_
_336,981_
_155,742_
_815,612_|
|---|---|---|---|---|
||||||
Page 23
**4EDEN**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **9. Analysis of expenditure by activities**
|Children
Adults
Other projects
Supported Living
Day Services
_Total 2023_|**Activities**
**undertaken**
**directly**
**2024**
**£**
82,069
393,912
48,273
317,227
159,598
1,001,079
_732,044_|**Support**
**costs**
**2024**
**£**
4,095
24,018
2,950
19,382
9,746
60,191
_83,568_|**Total**
**funds**
**2024**
**£**
**86,164**
**417,930**
**51,223**
**336,609**
**169,344**
**1,061,270**
_815,612_|_Total_
_funds_
_2023_
_£_
_93,921_
_111,547_
_117,421_
_336,981_
_155,742_|
|---|---|---|---|---|
|||||_815,612_|
||||||
## **Analysis of direct costs**
|Staff costs
Depreciation
Repairs
Travel costs
Training
Premises expenses
Other
_Total 2023_|**Children**
**2024**
**£**
60,470
1,563
289
595
1,284
292
17,576
82,069
_85,159_|**Adults**
**2024**
**£**
354,821
9,169
1,695
3,493
7,535
1,711
15,488
393,912
_100,080_|**Other**
**projects**
**2024**
**£**
43,574
1,126
208
429
925
210
1,801
48,273
_101,610_|**Supported**
**Living**
**2024**
**£**
286,346
7,400
1,368
2,819
6,081
1,380
11,833|
|---|---|---|---|---|
|||||317,227|
|||||_302,395_|
Page 24
## **4EDEN**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **9. Analysis of expenditure by activities (continued)**
## **Analysis of direct costs (continued)**
|Staff costs
Depreciation
Repairs
Travel costs
Training
Premises expenses
Other
_Total 2023_|**Day Services**
**2024**
**£**
144,063
3,723
688
1,418
3,059
694
5,953
159,598
_142,800_|**Total**
**funds**
**2024**
**£**
**889,274**
**22,981**
**4,248**
**8,754**
**18,884**
**4,287**
**52,651**
**1,001,079**
_732,044_|_Total_
_funds_
_2023_
_£_
_687,870_
_1,679_
_4,906_
_6,959_
_8,442_
_4,840_
_17,348_|
|---|---|---|---|
||||_732,044_|
|||||
## **Analysis of support costs**
|Depreciation
Repairs
Insurances
Travel costs
Legal and professional
Equipment hire
Office expenses
Premises expenses
Other
Governance
_Total 2023_|**Children**
**2024**
**£**
475
759
2
24
178
-
882
649
828
298
4,095
_8,762_|**Adults**
**2024**
**£**
2,782
4,451
12
143
1,043
-
5,176
3,806
4,859
1,746
24,018
_11,467_|**Other**
**projects**
**2024**
**£**
342
547
1
18
128
-
636
467
597
214
2,950
_15,811_|**Supported**
**Living**
**2024**
**£**
2,246
3,592
10
115
841
-
4,177
3,071
3,921
1,409|
|---|---|---|---|---|
|||||19,382|
|||||_34,586_|
Page 25
## **4EDEN**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **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
_Total 2023_|**Day Services**
**2024**
**£**
1,130
1,807
5
58
423
-
2,101
1,540
1,973
709
9,746
_12,942_|**Total**
**funds**
**2024**
**£**
**6,975**
**11,156**
**30**
**358**
**2,613**
**-**
**12,972**
**9,533**
**12,178**
**4,376**
**60,191**
_83,568_|_Total_
_funds_
_2023_
_£_
_14,148_
_12,828_
_6,388_
_2,008_
_9,897_
_174_
_22,866_
_6,808_
_5,589_
_2,862_
_83,568_|
|---|---|---|---|
|||||
## **10. Auditors' remuneration**
The auditors' remuneration amounts to an auditor fee of £4,900 ( _2023_ - £nil). The audit fee 2022 was £4,560.
## **11. Staff costs**
|Wages and salaries
Social security costs
Contribution to defined contribution pension schemes|**2024**
**£**
**934,138**
**64,571**
**16,715**
**1,015,424**|_2023_
_£_
_719,068_
_49,704_
_15,312_|
|---|---|---|
|||_784,084_|
The average number of persons employed by the Charity during the year was as follows:
||**2024**||_2023_|
|---|---|---|---|
||**No.**||_No._|
|Management and staff||**42**|_41_|
No employee received remuneration amounting to more than £60,000 in either year.
Page 26
## **4EDEN**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
|**12.**
**Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits_(2023 - £NIL)_.
During the year ended 31 March 2024, no Trustee expenses have been incurred_(2023 - £NIL)_.
**13.**
**Intangible assets**
**Cost**
At 1 April 2023
At 31 March 2024
**Amortisation**
At 1 April 2023
Charge for the year
At 31 March 2024
**Net book value**
At 31 March 2024
_At 31 March 2023_|**Goodwill**
**£**
**24,999**|
|---|---|
||**24,999**|
||**23,000**
**1,999**|
||**24,999**|
||**-**|
||_1,999_|
Page 27
## **4EDEN**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **14. Tangible fixed assets**
|**Cost or valuation**
At 1 April 2023
Additions
Disposals
At 31 March 2024
**Depreciation**
At 1 April 2023
Charge for the year
On disposals
At 31 March 2024
**Net book value**
At 31 March 2024
_At 31 March 2023_
**15.**
**Stocks**
Stocks
**16.**
**Debtors**
**Due within one year**
Trade debtors
Other debtors
Prepayments and accrued income|**Freehold**
**property**
**£**
**252,632**
**-**
**-**
**252,632**
**23,344**
**5,033**
**-**
**28,377**
**224,255**
_229,288_
|**Motor**
**vehicles**
**£**
**42,232**
**-**
**-**
**42,232**
**18,681**
**5,887**
**-**
**24,568**
**17,664**
_23,551_|**Fixtures and**
**fittings**
**£**
**140,903**
**19,476**
**(9,806)**
**150,573**
**91,767**
**15,206**
**(6,782)**
**100,191**
**50,382**
_49,136_|**Office**
**equipment**
**£**
**19,847**
**1,514**
**(2,879)**
**18,482**
**7,794**
**3,828**
**(1,361)**
**10,261**
**8,221**
_12,053_
**2024**
**£**
**4,301**
**2024**
**£**
**67,756**
**120**
**13,227**
**81,103**|**Total**
**£**
**455,614**
**20,990**
**(12,685)**
**463,919**
**141,586**
**29,954**
**(8,143)**
**163,397**
**300,522**
_314,028_
_2023_
_£_
_4,323_
_2023_
_£_
_310_
_-_
_9,676_
_9,986_|
|---|---|---|---|---|---|
Page 28
## **4EDEN**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **17. Creditors: Amounts falling due within one year**
|Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income|**2024**
**£**
**19,080**
**16,054**
**5,420**
**4,900**
**45,454**|_2023_
_£_
_152,591_
_17,229_
_5,571_
_13,894_|
|---|---|---|
|||_189,285_|
Page 29
## **4EDEN**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **18. Statement of funds**
## **Statement of funds - current year**
|**Unrestricted funds**
General Funds
**Restricted funds**
Restricted Funds
**Total of funds**
**Statement of funds - prior year**
**Unrestricted funds**
General Funds
**Restricted funds**
Restricted Funds
**Total of funds**|**Balance at 1**
**April 2023**
**£**
**685,870**
**5,800**
**691,670**
_Balance at_
_1 April 2022_
_£_
_809,559_
_5,800_
_815,359_|**Income**
**£**
**1,560,957**
**26,127**
**1,587,084**
_Income_
_£_
_960,178_
_-_
_960,178_|**Expenditure**
**£**
**(1,278,785)**
**(15,903)**
**(1,294,688)**
_Expenditure_
_£_
_(1,083,867)_
_-_
_(1,083,867)_|**Balance at**
**31 March**
**2024**
**£**
**968,042**|
|---|---|---|---|---|
|||||**16,024**|
|||||**984,066**|
|||||_Balance at_
_31 March_
_2023_
_£_
_685,870_|
|||||_5,800_|
|||||_691,670_|
Page 30
## **4EDEN**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **19. Summary of funds**
## **Summary of funds - current year**
|General funds
Restricted funds
**Summary of funds - prior year**
General funds
Restricted funds
**Analysis of net assets between funds**|**Balance at 1**
**April 2023**
**£**
**685,870**
**5,800**
**691,670**
_Balance at_
_1 April 2022_
_£_
_809,559_
_5,800_
_815,359_
**period**|**Income**
**£**
**1,560,957**
**26,127**
**1,587,084**
_Income_
_£_
_960,178_
_-_
_960,178_
**Unrestricted**
**funds**
**2024**
**£**
300,522
712,974
(45,454)
968,042|**Expenditure**
**£**
**(1,278,785)**
**(15,903)**
**(1,294,688)**
_Expenditure_
_£_
_(1,083,867)_
_-_
_(1,083,867)_
**Restricted**
**funds**
**2024**
**£**
-
16,024
-
16,024|**Balance at**
**31 March**
**2024**
**£**
**968,042**
**16,024**
**984,066**
_Balance at_
_31 March_
_2023_
_£_
_685,870_
_5,800_
_691,670_
**Total**
**funds**
**2024**
**£**
**300,522**
**728,998**
**(45,454)**
**984,066**|
|---|---|---|---|---|
|**Analysis of net assets between funds - current**|||||
|Tangible fixed assets
Current assets
Creditors due within one year
**Total**|||||
## **20. Analysis of net assets between funds**
Page 31
## **4EDEN**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **20. Analysis of net assets between funds (continued)**
## **Analysis of net assets between funds - prior period**
|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_|
|---|---|---|---|
|**21.**
**Reconciliation of net movement in funds to net cash flow from operating**
Net income/expenditure for the period (as per Statement of Financial Activities)
**Adjustments for:**
Depreciation charges
Dividends, interests and rents from investments
Loss on the sale of fixed assets
Decrease/(increase) in stocks
Decrease/(increase) 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**
**2024**
**£**
**292,396**
**31,953**
**(3)**
**4,542**
**22**
**(71,117)**
**(143,831)**
**113,962**
**2024**
**£**
**2,984**
**640,610**
**643,594**|_2023_
_£_
_(123,689)_
_35,810_
_(133)_
_-_
_(268)_
_29,198_
_164,697_
_105,615_
_2023_
_£_
_751_
_549,868_
_550,619_|
|---|---|---|
Page 32
## **4EDEN**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **23. Analysis of changes in net debt**
|Cash at bank and in hand|**At 1 April**
**2023**
**£**
**550,619**
**550,619**|**Cash flows**
**£**
**92,975**
**92,975**|**At 31 March**
**2024**
**£**
**643,594**
**643,594**|
|---|---|---|---|
Page 33