Charlty reglstratlon number 1098969 (England and Wales) Company reglstratlon number 04379195 4EDEN ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
4EDEN LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mis5CJ Burn IAppointed 21 Septernber 20241 IAppointed 21 September 20241 IAppointed 21 September 20241 Ms S J Foster Mrs M E Emerton Mr P K Ai5thorpe Miss M l Giles Mrs J M Churchill Senlor management J Taylor Chief officer Charity number (England and Wale51 1098969 Company number 04379195 Reglstered offi¢e Ullswater House 6 Duke Street Penrith Cumbria CAII 7LY Auditor Saint & Co. Sterling House Wavell Drive CAI 25A Bankers CAF Bank Limited 25 Kings Hill Avenue West Malling Kent ME19 4JQ
4EDEN CONTENTS Page Trustees, report Independent auditor's report 9-11 Statement of financial activities 12 Balance sheet 13 Statement of cash flows 14 Notes to the fin3ncial statements 15-27
4EDEN TRUSTEES, REPORT {INCLUDING DIRECTORS, REPORTI FOR THE YEAR ENDED 31 MARCH 2025 The trustee5 presents its annual report and financial statements ft>r the year ended 31 Mareh 2025. The financial ststements have been prepared in accordance with the accountinz policies set out in note I to the financial statements and comply with the charity's governing document, the Companies Att 2006, FRS 102 "The Financial Reporting Standard applicable In the UK and Republic of Ireland" and the Charities SORP 'Accounting and ReportinE by Charities.. Statement of Recommended Practice applicable to charities preparing their arcounts in atttsrdance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" Objettives and artivities 4EDEN's aims are to improve the lives of childr&n, young people and adults who have learning dis8bilities, neurodiversity, and 8dditional learning needs. We believe that by making available 3 wid& variety of 8Ctivities, working in our local community, 3nd being embedded in the culture of the Eden Valley, those who seek their 'best life. c3n Brow 3nd develop their potential and 3chieve their outcomes. It is vitally important to offer an individualised peOn-ld approach to ensure that each person can explore and plan their livÈs 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 ernployment. Meaningful activity with the purpose to learn alongside peers and make life choices to develop and Brow toward5 their future5. Ski1154EDEN and Kid54EDEN, some of our day opportunitie5, have developed and expanded and 15 the first step5 for manv people to engage with other5 to identify their key goa15 and outcomes. Experiencing new opportunitie5 and learning new skills alongside their peer enable learning experience5, working out 501utions and enabling choice5. People can identify what they enjoy and focus on achieving their goals in life. Local work placement5 and activities are 3rr3nged, and our 'revolving door, enables people to come and go as they try out opportunities for 8dditional learning and experiences. It is vital that we can offer low cost lor free deliv&ryl experiences to ensure that everyone can access our services for personal developm&nt. Soci31 care models are funds restricted, we are now returning to previous funding incom& and fundraising to enable more people to access for development. Strotegiesfor ¢ychieving ¢yims andobjertives Strategie5 for achieving objectives Itnplementing extensive budgets to understand expenditure variance5 to better tnanage expenditure. Expanding capacity for our Kid's club to enable more young people to develop and later transition into gaining employment skills through our social enterprises. Developing our senior leadership team to strengthen the different areas of the organisation and enable our head office to step into an Ove1£ht role. Further develop My Community with the step up of a new hub and estsblish ties with the local communitv. Public benefit The trustees ha5 paid due regard to guidance issued by the Charity Commission in deciding what activitie5 the charity should undertake.
4EDEN TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 Implementation of our new staffing structure ha5 been successful,. th15 Structure mean5 that the person leads their own service with coach support to achieve their goals and aspirations. Staff previously referred to a5 SUPPOrt worker5 are now referred to as coach4independence. A coach is there to promote empowerment, guide, and travel on the journey with the per50n and for thern5elve5. We continue to promote co-production on projects which the guy5 undertake and offer training and support to staff to enable them to work with the guys successfully. As part of the new structure implemented, we are investing on our ernployees, 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 Developing our Senior leadership team so that our head office ha5 more capacity to r315e funding and oversee long term project5, this included recruiting for two new senior leadership roles, a growth, guidance and development lead and compliance and collaboration le8d. These roles along with the other members of the senior leadership team will be developed further into the coming year to achieve an effertive 8nd cohesive team. We had a trainee nursing associate join us for 3 placement and she explained that her time spent with us was a Breat insiBht into our servicÈs and we 3rÈ an inspiration. We held First aid training for the team and the presenter sent feedback praising how lovely the staff were. On& of our Buys who we support was able to record a video of themself 3rticulating the effect of their conditions, their difficulties and their aims for the future which resulted in an assessment being completed for his educational needs. One of our guys had been unable to leave their home since Covid-19 pandemic but the team began coaching them in May 2024 with the aim of returning to school. Through a slow approach they have built a routine and gradually taken step towards their goal starting with playing outside, then going for a walk, then going In the car to the 4Eden offices. By February 2025 they are now planning a tour of a local school with hopes of attending hall a day a week by the summer holidays. Two of our Buys have been rnakin8 plans for one of them to rnove into Penrith and live independently, their parents are supportive, and we have a vacant rootn in one of our 5UPPOrted living propertie5 50 once funding 15 Secured, we will be goin8 ahead with the move. Following training at one of businesses being SchedUled one of the guys visited the office to request support to attend the My Cornmunity dance to tneet new people instead. Complirnents were sent to a mernber of staff following them teaching one of the guy'5 new recipe5 for them to cook at home. thi5 team rnember also read up on the guy5, conditions in their own tirne to further their skills when providing 5UPPOrt. Another team member tauEht one of the guys to cook ready meals at home and bake, The guy then asked if they could begin working at the Cafe or 8ake. There is still sotne training to be done to achieve this but great to see the guys working toward5 building their 5ki115 in a work environment. Two of our team mernbers a5SlSted one of the guys Put together their own application for a person led 5UPPOrt plan ahead of their review. The guy explained their routine 85 well a5 what they want and need to their social worker.
4EDEN TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 Social investment5 4EDEN charity is embedded in our local community, this alerts, informs and encourages other Ioc31 soci31 investors to give of their time to support our aims. Community gardeners, local groups, charities and CIO'S, volunteers and supporters are 311 invested ro treate the best lifÈ opportunitiÈs for peoplÈ. 4EDEN have also been fortunate to receive social financial investment Irepayablel 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 rninimurn. All surplus is used for the benefit the people we are privileged to share tirne with and enhances our ability to offer free events and subsidi5ed trips and holidays. These opportunitie5 enable people to have time away from home with friend5 and peers, establish and Strengthen friendships outside of paid 5UPPOrt. Grant making policy 4EDEN do not have specific grant making policesldonations. Volunteers 4EDEN recruit volunteers at time5 when there is a need. Trustees of 4EDEN are volunteers and we thank them for their input, skills, and expertise in directin8 the charity to reach their objectives. Tru5tee5 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 Chari oses forthe ublic benefrt 4EDEN provides and continu311y looks to improve their activities and opportunities 3nd realise the need for change as new r&quirementS and needs arise. ur Currently our service provision comprises of.. SupportÈd Living Independent Living Adults individualised Children's provision Individualised provision Adult5 social and activity Bfoup5 Childrens after school, trip5, and holidays Opportunities.. Ski115 4Eden, Bake4Eden, Cafe4Eden, Fixlt4Eden Speciali5ed commissioned provision My Community
4EDEN TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 Achievement5 and perforfflznce Significont octivitNes ond o¢hievements ogoinst objectives Main achievements of the Charity 4EDEN is privileged to provide coaching, support, experiences, and opportunities for people in the local cornfflunity. We aim to enable people to achieve their'best life, we do this by listening to people. We are extremely humbled when people who have r&ceived coaching. support and encOugeMent go onto work towards 8nd achieve their goals. This ye8r we waved farewell to young m3n who joined 4EDEN several ye3rs ago and received c03ching to enrich his life, over time and investing in his tr3ininB and practic31 skills 3nd 3n apprenticeship, he went on to t3ke full time employment with our FiK4EDEN team and coached the guys in their roles. Many of thes& achievements take years to flourish and leaving 4EDEN to take paid work elsewhere is an aim of social enterprises. 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 achlevements. These can b& as simpl& as making a decision for the first time, spÈaking so others listen, complÈtinE a task by yourself- though to the more complex nÉÉds such as setting UP vour new home or starting your new job. We are there every step of the way at the individual's pace our achlevemenis are thelr achlevements - we just make it happen. Our social enterprises provide additional opportunities ft>r people to explore their futu goals. We listen, we enable, we celebrate. Our project My Community ha5 Continued to grow throughout the 2024125 year, strengthening their tie5 Wlth the local comrnunity by providing core opportunitie5 and artivitie5 for wider circle of local people which offers further integration and comrnunity engagement, thi5 works toward5 our aim of reducing paid 5UPPOrt buy offerin8 more incluslvlty in the cornrnunity. My Community now have a space on Duke Street which now 5erve5 a5 3 base for activitie5 and information for local groups 8nd we look to develop this hub structure further in coming years. Key perforrnznce indicatOT5 Now we have established our strate8ic plan this will be used on an annual basis to asses5 whether we have achieved our objectives and continue to develop future objective5. The strategic plan will be reviewed by members of our senior leadership to set objectives for coming year5. In January we created our development plan. which will guide our growth over the coming years- much work to dol We have been monitoring staff turnover level to ensure th3t our new person lead structure is being implemented effectively 3nd employees are g3ining the intended feedback 3nd development. Our staff turnover has incre3sed by 10.6% from 2023124, upon investigate most of these employees felt they were not aligned with our new staffing structure. The organis3tion expected 3 variance in our staffing levels during this stage of development and change. Financial stability is also a key factor for the charity, and we aim to achieve this by ensuring our assets and reserves are se¢u nd protected. 8y doing this we can also maSntain our services should we have any dlfficulty wlth funding such as that experienced during the COVID-19 pandemic. Revlew of artlvltles With many new activities planned through our services we continue to assess activities which provide 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 rllaintain funding lor them. Fa¢tors relevant to achive objectives This year we h3ve faced a cost-of-living crisis which ha5 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 employe&s, 8nd we h8ve closely considered the costs of services to ensure that even if the 8Ctivity makes a loss. it gains intangible benefits for the peopl& using our services.
4EDEN TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 Fundr3i5ing zctivities and income generation Despit& still being limited by understaffing some fundraising has taken place during the year and we have plans to enable key employees to increase fund raising efforts. Our business enterprises are generating a consistent income which w& reinvest 2cross our services. Investment poll¢y and performan¢e We reinvest any surplus rnade into our bu5ine55 enterpri5e5 and across our 5ervice5 to allow the charity to offer new opportunitie5 for the people using our 5ervice5. Making 3 Surplus during the year thi5 will allow u5 to maintain our existing services and potentially expand to offer new activities. The Trustees op&r3te within the governing document, the M&morandum 8nd Articles of Association having regard to the guidance provided by the Charities Cornmission and act in accord3nce with the Trustees Act 2(M)O. Financial review Going concern After making appropriate enouiries, the Trustees have a aSonable eypectation that the Company has adequate $our(e5 to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis In preparing financlal staternents. Further details regarding the adoption of the going concern basls can be found In the accounting policie5. Reserves policy It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintsined at a level eouivalent to between three and six month's expenditure. The trustees considers that reserves at this level will ensu that, in the event of a significant drop in fundinE, they will be able to continue the charity's CUrnt activities while Consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. The board of trustees examines the charity's requirements for reserves on 3 regular basis considering the risks to the charity. A policy has been establishÈd whÈre unrestrictÈd funds which are n, t committed to fixÈd assets are held by the Charity. There re ringfenced funds amountinE to six months of the opeotinE Costs to ensure sustainability over the coming financial year. The reserves are maintained to meet workinE capltal reouirements of the charity. and the board are Confident this level provides the security to continue the current activities ol the charity should there be a Significant drop in funding. Principulfunding sources 4EDEN's main source of funding comes from the core activities of Supported and independent living, this is supplemented by income Benerated by four business enterprises". Skills4EDEN, Fixit4EDEN, Cafe4EDEN and Bake4EDEN. We also hav& the children's activity groups. The Ioc313Uthority provides funding vi3 3 framework altern3tively individu31s can purchase services from 4Eden through their Direct Payments and Individual Service Fund. Major risks The Trustees have a55e55ed the rnajor risks to which the charity is exposed, in particular those related to the operations and finances ol the charity and are Satisfied that 5ySterns and procedure5 are in place to mitigate our exposure to the major risks. Financial risk mana ement ob-ectives and olicies With the irnprovement5 mède throughout the year to our financial pOrtS we have mitlgated some risks to our flnancial P051tion by now having a budget tts better plan the expenditure of the charity. We have also assessed the charity's needs for our banking and continue to review our requirernents as there is rnore growth over the coming years.
4EDEN TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 Plan5 for future periods The 3-5-ye3r strategic plan was completed during 202412025. 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 communitv. 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 dI¢t the staffing teams and deliver aEainst 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,. Structure, governance and management The charity is 8 charitable company limited by guar8ntee and w3s set up by a Memorandum of Associ8tion. The charity is constituted under 3 M&morandum of Association dated 21 Febru3ry 2002. updated 6 January 2020 with the new name of 4EDEN and is a registered charity number1098969. The org3nisation was registered as an unincorporated charity on 27 J3nu3ry 1988 and transferred its activities, assets, and liabilities to the limited company on l March 2002. The principal object of the charity is to the provision of services and opportunities for people with a learning disabilityl additional learning needs andlor those who are on the autistic spectrum Ihereinafter called people). In particular by the provision of support and meaningful activities for people and provide information, advice and support for their families, dependents, and carers and to provide or assist in the provision of facilities for the recreational or other leisure time occupation lor people with the object of irnprtsving their independente and opportunities in their lives. The members of the trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of slgnature of the flnan¢ial statements were.. MissCJ Burn (Appointed 21 Septernber 20241 (Appointed 21 September 20241 IAppointed 21 September 20241 Ms S J Foster Mrs M E Emerton Mr P K Aisthorpe Miss M l Giles Mrs J M Churchill Recruirmeftyt ond oppointment oltrustees The managernent of the Charity 15 the responsibility of the Tru5tee5 who are elected and co-opted under the terrns of the Memorandum of Association. None of the mernbers of the trustees h8s any beneficial interest in the company. All of the members of the trustees are members of the cornpany and guarantee to contribute £1 in the event of a winding up. Policies ado ted for the induction and trainin of Trustees M05t tru5tee5 are already farniliar with the practical work of the charity when they apply to become a Trustee. They are encouraged to attend a meeting so th3t they c8n see what 15 involved and where they can raise any question5. They are also invited to visit the various going concerns 50 they can see first had the work the charity does. An information p8ck Icurrently being updated) is provided outlining.. The obligations of M8naBement Committee members. The main documents which set out the operational framework for the charity including the Memorandum and Articles. ReSoulng 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 proce5$ to continually assess the skills held and still required by the board.
4EDEN TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 Orgoni5Utiona15tructure 4EDEN has a B03rd of Trustees currently st3ndinB at 5 but can expand to 12 members who meet monthly and are responsible for the strategic direction and policy of the charity. Th& Board's members are from 3 variety of professional backgrounds rÈlevant to the work of the charity. The Setretary 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 responsibilitv for the day-to-day operational management of 4EDEN, individual 5upervi5ion of the staff tearn and also ensuring that the team continue to develop their skills and working practice5 in line with good practice. Other matters Financial risk mana ement The Trustees have 2ssessed the major risks co which the Charity is exposed, in particular those re13ted 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 Truste&s are indemnified under our insurance policy - charity limited by gu3rantee. This includes 3 trustee's indemnity 3gainst 3ny li3bility in connections with negligence, default, breach of duty or breach of trust in relation to the charity. ststement of trustees. responsibilities The tru5tee5, who are also the director5 of 4Eden for the purpose of company law, 15 re5POn5ible for preparing the Tru5tees' Report and the financial staternents in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law require5 the tru5tee5 to prepare financial 5tatement5 for each financial year which give a true and fair view of the state of affairs of the ch3rity and of the incoming resources and application of resources, including the income 3nd expenditure, of the charitable company for th8t year. In preparing these financial statements, the trustees is required to.. select suitable accounting polities and then apply them consistentlv., obseNe the methods and principles in the Charities SQRP,. make judgernents and estirnates that are reasonable and prudent., and prepa the financial statements on the going concern basis unless it is inappropriate to presume that the charity will ctsntinue in operation. The trustee5 is responsible for keeping adequate accounting record5 that disclose with reasonable accuracy at any time the financial position of the charity and enable it to ensure that the fin3ncial 5t3tement5 comply with the Comp3nie5 Act 2006. It is also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention 3nd detection of fraud and other irregularities. Audltor In accordance with the company's articles, a resolution proposing that Saint & Co. be reappointed a5 auditor of the cornpany will be put at a General Meeting.
4EDEN TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 The trustees. report was approved by the Trustees. Miss M l Giles Trustee 20 September 2025
4EDEN INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF 4EDEN Opinion We have audited the financial statements of 4Eden (the 'charity'l for the year ended 31 March 2025 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including Significant accountin8 policies. The financial reporting fratnework that has been applied in their preparation is applicable law and United Kingdom Accountin8 Slandard5, including Financial Reporting Standard 102 The Financial Reporting Standard upplic(Fble in the UKund Republic of Irelund Iunited Kingdorn Generally Accepted Accounting Practice). In our opinion. the financial stat&ments'. give a true and fair view of the State of the charitable company's affairs as at 31 March 2025 and of its incoming resource5 and application of resource5, for the year then ended.. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and h8ve been prep8r&d in accordance with th& requirernents of the Companies Act 2006. Basls for oplnlon We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable 18w. Our r&sponsibilities under thos& stand8rds are further described in the Auditor's responsibilities for the oudit of the finoncit71 stotements section of our rèport. We are independent of the charity in accord3nce with the ethical requirements that are r&l&v3nt to our 3udit of the financial statements in the UK, including the FRC'S Ethical Standard, and we hav& 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 goine concern In auditing the financial statements, we have concluded that the trustees, use of the Boing concern basis of accounting in the preparation of the financial ststements is appropriate. 8ased on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collettivelyj may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the tru5tee5 Wlth respect to Boing concern are described in the relevant sections of thi5 report. Other information The other information comprises the information included in the annual report other than the financial 5tatement5 and our auditor'5 report thereon. The trustees is responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility 15 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 course of the audit, or otherwise 8ppears to be materially misstated. If we identify such material inconsistencies or 8PP3rent rnaterial misstaternents. we are r&quired to determine whether this gives rise to 8 material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misst3tement of this other information. we are required to report that fact. We have nothing to report in this regard. Matters on which we are required to report by exception We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regu18tions 2008 requires us to report to you if, in our opinion.. the information eiven in the financial statements is inconsistent in any material respect with the trustees, report,. or sufficient accounting records have not been kept.. or the financial 5tatement5 are not in agreement with the accounting record5,' or WÉ have not retÈivÈd all thè information and explanations WÈ require lor our audit.
4EDEN INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF 4EDEN Responsibilities of trustee5 As explained more fully in the statement of trustees, responsibilities, the trustees, who are also the direttors of the charity for the purpose of company law, is responsible for the pParatIOn of the financial statements and for being satisfied that they give a true and fair view, and for Such internal control a5 the tru5tee5 determine5 is necessary to enable the preparation of financial statements that are free from rnaterial rnisstatement, whether due to fraud or error. In preparing the financial staternents, the trustees 15 responsible for a55e55ing the charity'5 ability to continue a5 a going concern, disc105ing, as applicable, matter5 related to going concern and using the going concern ba515 of accounting unle55 the tru5tee5 either intend to liquidate the charitable cornpany or to cease operations, or have no realistic alternative but to do so. Auditor's responsibilitie5 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 regulation5 rnade or having effect thereunder. Our objectives 3r& to obtain re3sonable assurance about whether the financial statements 3S 3 whole are free from material misstatement, whether due to fraud or Èrror, 2nd to issue an auditor's 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 IUKI will always detect a material misstatement when it exists. Misstatements can arise from ftsud or error and are considered material if, individually or in the aEEreeate, 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 desi8n procedures in line with our responsibilitie5, Outlined above, to detect material mis5tatement5 in respect of irregularitie5, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below. Our approach to identifying and assessing the risks of m8terial misstatement in respect of irregularitie5, including fraud and non-compliance with laws and regulations, was as follows.. the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations,. we Identified the laws and regulations applicable to the charity through discussions with trustees and other managernent,. we focused on specific laws and regulations which we considered may have a direct material effect on the financial statement5 or the operations of the charity,. we as5es5ed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence,. and identified law5 and regulation5 were communicated within the audit team regularly and the tearn remained alert to instances of non-compliance throughout the audit. 10
4EDEN INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF 4EDEN We zs5es5ed the Susceptibility of the charity'5 financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by.. making enquiries of management as to where they considered there was susceptibility to fraud. their knowledge of actual, suspected and alleged fraud,. To address the risk of fraud through management bias and override of controls, we.. performed 3nalytical procedures to identify any unusual or unexpected r&lationships-, tested journ31 entries to identify unusual transartions., assessed whether judgements and assumptions made in determining the accounting estimates set out in the accounting policies were indicative of potential bi3s', and investigated the rationale behind significant or unusual ttsnsactions. In sponse to the risk of irreEularities and non-compliance with laws and regulations, we designed procedures which Included, but were not limited to.. agreeing financial statement disclosures to underlying supporting documentation., reading the tninutes ol rneetings of those charged with governance., enquiring of management a5 to actual and potential litigation and clairns,. and reviewing correspondence with HMRC, relevant regulators and the charitV'5 legal advisor5. There are inherent limitatlons in our audit procedure5 described above. The more removed that law5 and regulations are from financial tran53ction5, the le55 likely it is that we would become aware of non-compliance. Auditing 5tandard5 3150 limit the 8udit procedures required to identify non-compliance with laws and regulations to enquiry of the trustees and other management and the inspection of regulatory and legal correspondence. if anv. M3terial misstatements th3t 3rise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. A further description of our responsibilities is available on the Financial Reporting Council's website at.. https'.// www.frc.orE.uklauditorsresponsibilities. This description ft>rms part of our auditor's report. Use of our report This report is made solely to the charity's trustees, as a bodyi in accordance with Part 4 of the Charities IAccounts and Reports) Regulations 2008. Our audit work has been undertaken 50 that we might state tts the charity's tru5tee5 those matters we are required to state to thern in an auditor's report and for no other purpose. To the fullest extent perTMitted by law. we do not accept or assume responsibility to anyone other than the charity and the charity'5 tru5tee5 a5 a body, for our audit work. for this report, or for the opinion5 we have lormed. Saint & Co. Chartered Accountants & Statutory Auditor Sterling House Wavell Drive CAI 25A 20 September 2025 Saint & Co. is @ligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.
4EDEN STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted funds 2025 Restricted funds 2025 Total Unrestricted funds 2024 Restricted funds 2024 Total 2025 2024 Notes Income and endowments from.. Donations 2nd l&g3cies Charit3ble activities Other tradlng actSvitie5 Investments Other income 3,036 1,322.930 182,045 1,858 12.721 70,861 73,897 1,322,930 182,045 1,858 12,721 7,559 1,319,310 223,493 26,127 33,686 1.319,310 223,493 10,592 10,592 Total Income 1.522,590 70,861 1,593,451 1,560,957 26,127 1,587,084 EJ¢pendlture on.. R3ising funds Charitable activities Other expenditure 234,031 1,116,961 264 530 234,561 1,194,248 264 228,876 1,045,367 4,542 228,876 1,061,270 4,542 77,287 15.903 14 Totsl expenditure 1,351,256 77,817 1,429,073 1,278,785 15,903 1,294,688 Net incomellexpenditurel 171,334 16,9561 164,378 282,172 10,224 292,396 Transfers between funds 16,3421 6,342 Net movement in funds li 164,992 16141 164,378 282,172 10,224 292,396 Reconciliation of funds: Fund balances at l April 2024 968,042 16,024 984,066 685,870 5,800 691,670 Fund balances at 31 March 2025 1,133.034 15,410 1,148,444 968,042 16,024 984,066 The statement of financial activities includes 311 gains and losses recognised in the year. All income and expenditure derive from continuing activities. 12
4EDEN BALANCE SHEET AS AT31 MARCH 2025 2025 2024 Notes Fixed assets Tangible assets 17 293.661 300,522 Current assets Stocks Debtors Cash at bank and in hand 4,301 146,225 742,135 4,301 81,103 643,594 19 892,661 137,8781 728,998 145,4541 Creditors.. amounts falling due within one year 20 Net Current assets 854,783 683,544 Total assets less turrent liabilities 1,148,444 984,066 The funds of the Charity Restricted income funds Unrestricted funds 22 15,410 1,133.034 16,024 968.042 23 1,148,444 984,066 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025. The directors 8cknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the prep8ration of fin8nci81 statements. The members have not required the company to obtain an audit of its financial statements under the requirements of the Companies Act 2006, for the year in question in accordance with section 476. These flnanclal statements have been prepad in accordance wSth the provSsions applicable to companles sublect to the small companies regime. The financial statements were approved by the trustees on 20 September 2025 Miss M l Giles Trustee Company registration number 04379195 IEng13nd 3nd Wales) 13
4EDEN STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notss Cash flows from operatin8 athlvltles Cash generated from operations 26 103.779 115.708 Investing activities Purchase of tangible fixed a55et5 Proceeds from disposal of tangible fixed assets Investment income received 17.9171 821 1,858 120,9901 11,7461 Net cash used In Investln8 attlvltles 15,2381 122,7331 Net cash generated from financing activitie5 Net increase in cash and cash equivalents 98.541 92,975 Cash and cash eouivalents at beginning of year 643,594 550,619 Cash and cash equivalerrt5 at end of year 742.135 643,594 14
4EDEN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Charity information 4Eden is a private cornpany limited by guarantee incorporated in England and Wale5. The registered office is U115water House. 6 Duke Street, Penrith, Cumbria, CAII 7LY. 1.1 Accounting convention The financial statements have been prepared in accordance with the charity's governin8 document, the Companies Act 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP Accounting and Reporting by Charitie5'. Statement of Recommended Practice applicable to charitie5 preparing their account5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" The charity 15 a Public Benefit Entity zs defined by FRS 102. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial staternents are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Goin8 con¢ern At the time of approving the financial 5tatement5, the trustees has a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in prep8ring the fin8ncial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustee5 in furtherance of their charitable objectives. Restricted funds 8re subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to th& financi31 st3tements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity. 1.4 Income Income is recognised when the charity is le£ally entitled to it after any perFormance conditions have been met, the amounts can be MeaSud reliablyj and it Is probable that income will be received. Cash donations are recogni5ed on receipt. Other donations are recognised once the charity ha5 been notified of the donation. unless performance conditions require deferral of the amount. Incorne tax recoverable in relation to donations received under Gift Aid or deeds of covenant 15 recognised at the time of the donation. LeBacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is tre2ted as a contingent asset. 15
4EDEN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 A¢¢ountln8 poll¢les (Continued) 1.5 Expendlture Expenditure is recoBnised once there is a legal or constructive obligation to transfer economic benefit to 3 third party, it is probable that 3 tnsfer of economic benefits will be required in settlement, 3nd the amount of the obligation can be moasured reliably. Expenditu is classified by attivity. The costs of each attivity are made up of the total of direct costs and shared <osts, including support ctssrs involved in undertaking each activity. Direct costs attributable to a single activity are alltscated dlrectly to that activlty. Shared costs whlch contribute to more than one actlvity and support costs whSch are not attributable to a Single activity are apptsrtioned between those activities on a basis consistent with the use ol resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the as5et'5 use. 1.6 Tangible fixed assets TanEible fixed assets are initially measured at cosr and subsequently measured at cost or valuation, net of depreciation and any impairment losses. D&preci3tion is recognised so as to write off the cost or v31u3tion of assets less their residu31 v31ues over their useful lives on the following basÈs'. Freehold land and buildings Fixtures and fittings Motor vehicles Office equipment 2% straiEhr line 25% reducing balance 25% reducing balance 33% straight line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying lue of the asset, and is recognised in the statement of financial activities. During the year the charity has made a change to their depreciation policy as follows.. Asset categorv Current rate Qld te Fixtures and fittings Motor vehicles Office equipment IO% stQlEht line 20% straight line 20%- 33.33% straight line 25% reducing balance 25% reducin£ balance 25% reducing balance 1.7 Impairment of fixed assets At each reporting end date, the charity reviews the carrying 3rnounts of its tangible and intangible assets to determine whether there is any indication that those 8s5ets h8ve suffered an impairment loss. If any such indication exists. the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss lif any). 1.8 Stocks Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or norninal consideration are rneasured the lower of replacement cost and cost. Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution. 16
4EDEN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 A¢¢ountln8 poll¢les (Continued) 1.9 Cash and Cash equlvalents C3sh and cash equivalents include c8sh in hand. deposits held at C311 with banks. other short-term liquid investrnentS with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in 1.10 Financial instruments The tharity has eletted to apply the provisions of Section 11 '8asic Financial Instruments. and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial in5trutnent5 are recogni5ed in the charity's balance sheet when the charity becornes party to the contractual provision5 of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial staternents. when there is a legally enforceable right to set off the recognised arnounts and there is an intention to settle on a net basis or to reali5e the asset and settle the liability simultaneously. Ba5icfvnt7nciol ussets Basic financial assets, which include debtor5 and cash and bank balance5, are initially measured at transaction price including tr3n53Ction costs and are subsequently carried at amort15ed c05t Using the effective interest method unle55 th& arrangement constitute5 8 financing transaction, where the transaction 15 measured at the present value of the future receipts discounted at a market rate of int&rest. Financial assets classified as receivable within one year are not amortised. B05icfinanciolliubilitie5 Basic financial liabilities, including creditors and bank loans are initially recognised at tr8ns8Ction price unless the arrang&ment constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabiliti&s classified as payable within one year 3re not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for £oods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities If payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are COgnISed initially at transaction price and subsequently tnea5ured at amortised c05t using the effective interest method. Dere¢ootrJltlotr) offlrton¢lul Ilobllltles Financial liabilitie5 are derecognised when the charl$ contractual obligatltsns explre or are dlscharged or cancelled. 1.11 Employee benefits The c05t of any unused holiday entitlement Is recognised in the period in which the employee's Services are received. Termination benefits are recognised immediately as 8n expense when the charity is demonstrably committed to termin3te the employment of an employee or to provid& termination benefits. 1.12 Retirement benefits Payment5 to defined contribution retirement benefit schemes a charged as an expense as they fall due. 17
4EDEN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Critical accounting estimates and judgements In the application of the charity's 3ccounting policies, the trustees is required to m3ke judgements, estimates 3nd assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions 3rÈ based on historical experience 2nd other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlyine assumptions are reviewed on an ongoing basis. Revisions to accountinB estimates a recoEnised In the period In which the estimate is revised where the revision affetts only that period, or in the period of the vIsion and future peritsds where the revision affects both current and future periods. Income from donation5 and legacies Unrestricted funds 2025 Restricted fund5 2025 Total Unrestricted funds 2024 Restricted funds 2024 Total 2025 2024 Donations and gifts Grants Membership fees 3.036 4,695 66,113 53 7,731 66,113 53 7,559 11,257 14,870 18,816 14,870 3,036 70,861 73,897 7,559 26,127 33,686 In¢ome from Charitable attlvitles Unrestricted funds 202S Unrestricted fund5 2024 Chlldren Sale of goods 85,581 94,328 Adults Sale of goods 96,258 552,965 Supported Living Sale of goods 337,755 446,191 Day 5ervlces Sale of goods 157,606 Other project5 Sale of goods 803,336 68,220 1,322,930 1,319,310 18
4EDEN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from other trading zctivities Unrestricted fund5 202S Unrestricted fund5 2024 Other income 182,045 223,493 Income from investments Unrestricted fund5 2025 Unrestricted fund5 2024 Interest receivable 1,858 Other income Unrestricted fund5 2025 Unrestricted fund5 2024 Net gain on di5POsal of tangible fixed asset5 Sundry 12.721 10,592 10,592 19
4EDEN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expenditure on raising funds Unrestricted funds 2025 Restricted fund5 202S Total Unrestricted funds 2024 Restricted funds 2024 Total 2025 2024 Fundraising and publicitv Membership schemes and 530 530 Trading costs Other trading activities Staff c05t5 Depreciation and impairment 96.565 132,224 96,565 132,224 100,727 126,150 100,727 126,150 5,242 5,242 1,999 1,999 234,031 234,031 228,876 228,876 Total costs 234.031 530 234,561 228,876 228,876 Expenditure on charitable activities Children Adults Supported Other projects Living Total 2025 2025 2025 2025 2025 Direct costs Staff c05t5 Depreciation and impairment Repairs and maintenance Travel 149,348 1,418 97 72.829 473 23 372.935 1,418 70 254.969 1,418 257 850.081 4,727 447 77 2.087 797 23,893 1.839 2,172 2,610 35,600 3,240 Trainine Other 750 4,996 614 266 2.653 197 797 4,058 590 Premise5 expenses 157,300 76.443 379,874 285,260 898,877 Share of support and governance costs (see note 101 Support 27,661 12.568 24,140 231,002 295,371 184,961 89,011 404,014 516,262 1,194,248 Analysis by fund Unrestricted funds Restricted funds 184,961 89,011 404,014 438,975 77,287 1,116,961 77,287 184,961 89.011 404,014 516,262 1,194,248 20-
4EDEN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expendlture on charltable attlvitles (Continued) Prevlous year.. Chlldren Adults Supported Day 5er¥lcesOther proleds Llvlng 2024 Total 2024 2024 2024 2024 2024 Dlrect Costs Staff costs 60,470 1.563 289 595 354,821 9,169 1,695 3,493 7,535 14,662 2,537 286,346 7,400 1,368 2,819 6,081 11,833 1,380 144,063 3,723 688 1,418 3,059 5,953 694 43,574 1,126 208 429 889,274 22.981 4,248 8,754 18,884 51,825 5,113 Depreciation and irnpairment Repairs and maintenance Travel Training other Premises expenses 1,284 17,576 292 925 1,801 210 82,069 393,912 317,227 159,598 48,273 I,(Kll,079 Share of support and governance costs (see note 101 Support 4,095 24,018 19,382 9,746 2,950 60,191 86,164 417,930 336,609 169,344 51,223 1,061,270 Anaty5is by fund Unrestricted lund5 Restricted funds 71,087 15,077 417,104 826 336,609 169,344 51.223 1,045,367 15,903 86,164 417,930 336,609 169,344 51,223 1,061,270 io Support costs allocated to activities Children 2025 Total 2024 Staff costs Depreciation Office expenses Repairs Premises expenses In5urance5 Travel costs Other 125,641 16,445 11,271 1,557 8,719 12,972 11,156 9,533 30 7,555 132,902 8,520 358 10,434 6,989 Governance 303,891 60,191 21
4EDEN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 io Support costs allocated to attlvltles (Continued) 2025 2024 Governan costs cornprise.. Audit fees 6,600 1,920 4,376 2,613 Aeeountancy 8,520 6,989 li Net movement in funds 2025 2024 The net movement in funds is stated after charging/lcreditingl'. Fees payable for the audit of the charity's financial statements Depreciation of owned t3nBible fixed assets IProfitl/los5 on disposal of tangible fixed assets Amortisation of intanEible assets 6,600 26,415 112,4571 4,376 29,954 6,286 1,999 12 Trustees None of the trustees lor any persons connected with them) received any remuneration or benefits from th& ch3rity during the year. During the year ended 31 March 2025, no trustee expÈns@s have been incurred12024- ÉNILI. 13 Employees The average monthly number of employees during the year was.. 2025 Number 2024 Number 47 42 Employment costs 2025 2024 Wage5 and Salaries Social security costs Other pension costs 1,005,491 74,399 28,056 934,138 64,571 16,71S 1,107,946 1,015,424 22-
4EDEN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 Employees (Continued) The number of employees whose annual remuneration was more than £60,000 is as follows.. 2025 Number 2024 Number £60,001 to £70,000 Remuneration of key management personnel 2015 2024 Aggregate compensation 185,860 53,295 14 other expendlture Unre5tri¢ted funds 2025 Unrestrirted funds 2024 Net loss on disposal of tangible fixed assets 264 4,542 15 Taxatlon The charity is exempt from taxation on its activities because all its inctsme is applied for charitable purposes. 23-
4EDEN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 16 Intangible fixed asset5 Goodwlll Cost At l April 2024 Disposals 24,999 124,9991 At 31 March 2025 Amortisation and impairment At l April 2024 Eliminated on disposal 24,999 124,9991 At 31 March 2025 Carrying amount At 31 March 2025 At 31 March 2024 17 Tan8ible fixed assets Freehold land Fixture5and Motor vehicles fftting5 ONice e4uiprnent Total Cost At l April 2024 Addition5 Disposals Transfers 252.632 150.573 652 124,4391 19,9921 42,232 18,482 7,266 11,1381 9,992 463,919 7,918 125,8141 12371 At 31 March 2025 252,632 116,794 41,995 34,602 446,023 Depreciation and Impairment At l April 2024 Depreciation charged in the year Eliminated in respect of disposals Transfers 28,377 5,033 100,191 11,548 137,9931 19,9921 24,568 4,769 14801 19971 10,261 5,065 1,023 9,992 163,397 26,415 137,4501 997 At 31 March 2025 34,407 63,754 27,860 26,341 152,362 Carrying amount At 31 March 2025 218,225 53,040 14,135 8,261 293,661 At 31 March 2024 224.255 50,382 17,664 8,221 300,522 24-
4EDEN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 Stocks 2025 20Z4 Raw materials and consumables 4,301 4,301 19 Debtors 2025 2024 Amount5 falling due within one year: Trade debtors Other debtors Prepayments and accrued income 132,738 425 67,756 120 13,062 13,227 146,225 81,103 20 Credttors: amounts fallin¥ due within one year 2025 2024 Other taxation and social securitv Trade creditor5 Other creditors Accruals 3nd deferred income 16,054 19,080 5,420 4,900 12,989 3,898 20,991 37,878 45,454 21 RIrement benefit schemes 2025 2024 Defined contribution scheme5 Charge to profit or loss in respect of defined contribution schemes 28,056 16,71S The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. 25-
4EDEN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 22 Restricted funds The restricted funds of the charity comprise the unexpended balance5 of donations and grants held on trust subject to specific conditions by donors as to how they may be used. At l April 2024 Intorning re50urce5 Resources expended Transfers At 31 Marth 2025 16,024 70,861 177,8171 6,342 15,410 Prevlous year.. At l Aprll 2023 Incomlng sour$ Resources expended Translers At 31 March 2024 5,800 26,127 115.9031 16,024 23 Unrestricted funds The unrestricted fund5 of the charity comprise the unexpended b3lance5 of donations and grants which are not subject to specific conditions by donors and grantors zs to how they may be used. These include designated fund5 which have been set aside out of unrestricted funds by the trustees for specific purposes. At l April 2024 Incorning re50urce5 Resources expended Transfers At 31 March 2025 General funds 968,042 1,522,590 11,351,256) 16,3421 1,133,034 Prevlous year.. At l Aprll Z023 In¢omln8 sour5 Resources expended Translers At 31 March 2024 General funds 685,870 1,560,957 11,278,785) 968,042 24 Analysis of net Z5sets between funds Unreslrlcted funds Restrl¢ted funds Total 2025 2025 2025 At 31 Mzrch 2025: Tangible assets 293,661 839.373 293,661 854.783 15,410 1.133.034 15,410 1,148,444 26-
4EDEN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 24 Analysls of net assets between funils (Continued) UnrerIcted funds Restrlcted fund5 Total 2024 2024 2024 At 31 March 2024: Tangible assets 300,522 667.520 300,522 683,544 16,024 968,042 16,024 984,066 25 Related partytransartions M5 E Taylor, daughter of Ms J Taylor, Chief Officer of the charity, wa5 employed by the charity during the year and paid remuneration in the region of £35,000- £40,000. The level of rernuneratlon 15 under norrnal market conditions for the role carried out. 26 Cash generated from operations 2025 2024 Surplus for the year 164,378 292,396 Adlustments for.. Investment income recognised in statement of fin8nci31 activities (Gainllloss on di5P05al of tangible fixed a55et5 Depreciation and imp3irment of tangible fixed assets 11,8581 112,4571 26,414 6,286 31,955 Movements in workin8 capital- Ilncre2sel/decre3se in stocks Ilncreasel in debtors (Decreasel in creditors 22 171,1171 1143,8311 165,1221 17,5761 Cash generated from operations 103,779 115,708 27 Analysi5 of changes in net funds The charity had no material debt during the year. 27-