**Charity number: 1144730** **Company number: 07328236** **(England and Wales)** ## **Eden Foundation** **Report of the Trustees and Unaudited Financial Statements** **For the year ended 31 July 2020** **Eden Foundation Contents Page For the year ended 31 July 2020** |Report of the Trustees|1 to 2| |---|---| |Independent Examiner's Report to the Trustees|3| |Statement of Financial Activities|4| |Statement of Financial Position|5| |Notes to the Financial Statements|6 to 11| ## **Eden Foundation Report of the Trustees** ## **For the year ended 31 July 2020** The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company for the year ended 31 July 2020. The Trustees have adopted the provisions of 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 the Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The main objective of the charity continues to be that of providing primary Islamic education to children. The charity conducting its activities from a rental property at the moment. However, trustees continuing effort in purchasing a permanent freehold property remains a strong priority ## **Statement on public benefit** The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'. ## **Volunteers** The charity recognises and is grateful for the tremendous efforts and support of its volunteers who are involved in service provision and fundraising during the weekends and in the evenings. ## **ACHIEVEMENTS AND PERFORMANCE** Eden Foundation has continued to provide activities similar to the previous years both in-house and out-sourced. We pride ourselves in empowering the volunteers, professionals and local businesses and encourage new ideas and suggestions. ## **Significant activities** ## Community youth activities Eden's Youth Activities for boys and girls has continued. We have many indoor games such as Table tennis, snooker, hockey and table football. Alongside these sports activities, we have many recreational activities and Arts and Crafts. These services are open for young children of the community. When the weather permits, youth activities are extended outside where we participate in local football tournaments. The football tournament is organised with local centres and outdoor pitches are hired for the tournament to take place. ## Adult Activities The centre has continued to provide a service for adults where they can learn the basics of Qur'anic Arabic and improve their English speaking and listening skills. Mid-week sisters coffee morning - An opportunity for the women of the community to come to have a chat, make new friends over a cup of coffee. ## Religious activities Our centre provides a service for its community by holding weekly Friday prayers. We offer a late Friday prayer as requested by some of the elder pupils as they find it difficult to leave school or college to attend a mosque during school hours. Therefore, we have a late Friday prayer for the local school children, allowing them to pray. The Centre provides snacks for those that attend and special prayers in the Holy month of Ramadhan. This service is available for both male and female. The values and ethos we share in philanthropic acts are emphasised through the services we provide. ## Children's Islamic education The introduction of Eden's In-House Library last year has been a success. Trustees firmly believe that the continuous development for the children who attend the centre has always been a priority. We hold monthly assemblies with the community and have invited speakers to elaborate on topics that we see will be beneficial. We believe that Islamic education is an integral part of a Muslim child's upbringing, understanding their identity as a Muslim in their school, work and wider society. ## **REFERENCE AND ADMINISTRATIVE INFORMATION** **Name of Charity** Eden Foundation **Charity registration number** 1144730 **Company registration number** 07328236 **Principal address** 24 Grestone Avenue Handsworthwood Birmingham West Midlands B20 1AX 1 of 11 **Eden Foundation Report of the Trustees Continued For the year ended 31 July 2020** ## **Trustees** The trustees and officers serving during the year and since the year end were as follows: ## **Independent examiners** ## **Bankers** Mr Shakir Hussain Mr Abu Mowdud Mr Mohammed Abdur Rahman Mr Nashad Ahmed Mr Shorof Uddin Mibsons Limited 180 Birmingham Road West Bromwich West Midlands B70 6QG HSBC Bank Plc 931 Walsall Road Great Barr Birmingham West Midlands B42 1TN Approved by the Board of Trustees and signed on its behalf by ............................................................................. 29 May 2021 Mr Shakir Hussain 2 of 11 ## **Eden Foundation** ## **Independent Examiners Report to the Trustees** ## **For the year ended 31 July 2020** I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 July 2020. ## **Responsibilities and basis of report** As the charity Trustees, who are also directors for the purposes of company law, are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiners statement** Since the Charitable company’s gross income exceeded £250,000, your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination by virtue of my membership of , which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Muhammad Shahid FCCA Mibsons Limited 180 Birmingham Road West Bromwich West Midlands B70 6QG 29 May 2021 3 of 11 ## **Eden Foundation** ## **Statement of Financial Activities (including Income and Expenditure Account) For the year ended 31 July 2020** ||**Notes**|**Unrestricted**|**Restricted**|**31/07/2020**|**31/7/2019**| |---|---|---|---|---|---| |||**funds**|**funds**||| |||**£**|**£**|**£**|**£**| |**Income and endowments from:**|||||| |Donations and legacies|2|-|257,293|257,293|30,182| |Charitable activities|3||||| |Evening Classes||83,271|-|83,271|70,960| |**Total**||**83,271**|**257,293**|**340,564**|**101,142**| |**Expenditure on:**|||||| |Raising funds|4||||| |Costs of generating donations||(10,186)|-|(10,186)|(791)| |and legacies|||||| |Charitable activities|5/6||||| |Evening Classes||(81,621)|-|(81,621)|(70,693)| |**Total**||**(91,807)**|**-**|**(91,807)**|**(71,484)**| |**Net income/expenditure**||**(8,536)**|**257,293**|**248,757**|**29,658**| |**Reconciliation of funds**|||||| |Total funds brought forward||102,107|68,876|170,983|141,325| |**Total funds carried forward**||**93,571**|**326,169**|**419,740**|**170,983**| 4 of 11 07328236 Registered Number : ## **Eden Foundation Statement of Financial Position As at 31 July 2020** ||**Notes**|**31/7/2020**|**31/7/2019**| |---|---|---|---| |||**£**|**£**| |**Fixed assets**|||| |Tangible assets|10|3,472|1,758| |||**3,472**|**1,758**| |**Current assets**|||| |Cash at bank and in hand||427,464|177,185| |||**427,464**|**177,185**| |**Creditors: amounts falling due within one year**|11|(11,196)|(7,960)| |**Net current assets**||**416,268**|**169,225**| |**Total assets less current liabilities**||**419,740**|**170,983**| |**Net assets**||**419,740**|**170,983**| |**The funds of the charity**|||| |Restricted income funds|12|326,169|68,876| |Unrestricted income funds|12|93,571|102,107| |**Total funds**||**419,740**|**170,983**| For the year ended 31 July 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. - The members have not required the company to obtain an audit of its accounts for the year in question in accordance - with section 476, - The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting - records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime. The financial statements were approved and authorised for issue by the Board and signed on its behalf by: Mr Shakir Hussain Trustee 29 May 2021 5 of 11 ## **Eden Foundation Notes to the Financial Statements For the year ended 31 July 2020** ## **1. Accounting Policies** ## **Basis of accounting** The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and 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)’, Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006. Eden Foundation 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 note(s). ## **Statement of cash flows** The Trustees have taken advantage of the exemption in SORP FRS 102 from including a cash flow statement in the financial statements on the grounds that the charitable company is small. ## **Funds** General funds are unrestricted funds which are available for use at the discretion of the trustees for particular purposes. Restricted funds are funds that are to be used as per specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. ## **Incoming resources** All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income: ## **Resources expended** Liabilities are recognised as resources expended when there is a legal or constructive obligation committing the Charity to the expenditure: ## **Tangible fixed assets** Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: . Furniture and fittings 25% Reducing balance Computer equipment 25% Reducing balance ## **2. Income from donations and legacies** |**Restricted funds**
Donations received|**31/07/2019**
**31/07/2020**
**£**
**£**
30,182
257,293
**30,182**
**257,293**| |---|---| 6 of 11 ## **Eden Foundation Notes to the Financial Statements Continued For the year ended 31 July 2020** |**3. Income from charitable activities**
**Unrestricted funds**
_Evening Classes_
Student fees
**4. Expenditure on generating donations and legacies**
**Unrestricted funds**
Support costs
**5. Costs of charitable activities by fund type**
**Unrestricted funds**
Evening Classes
Support costs
**6. Costs of charitable activities by activity type**
**Support**
**costs**
**Activities**
**undertaken**
**directly**
**£**
**£**
**Support costs**
Evening Classes
8,928
72,693|**31/07/2020**
**£**
83,271
**31/07/2020**
**£**
10,186
**10,186**
**31/07/2020**
**£**
72,693
8,928
**81,621**
**31/07/2020**
**£**
81,621|**31/07/2019**
**£**
70,960
**31/07/2019**
**£**
791| |---|---|---| |||**791**| |||**31/07/2019**
**£**
60,215
10,478| |||**70,693**| |||**31/07/2019**
**£**
70,693| 7 of 11 ## **Eden Foundation Notes to the Financial Statements Continued For the year ended 31 July 2020** ## **7. Analysis of support costs** |**nalysis of support costs**|||| |---|---|---|---| |Admin and
Management
Premises costs
Governance costs|**Evening**
**Classes**
**Raising**
**funds**
**£**
**£**
10,186
4,198
-
4,010
-
720
**10,186**
**8,928**|**31/07/2020**
**£**
14,384
4,010
720
**19,114**|**31/07/2019**
**£**
9,056
1,493
720| ||||**11,269**| ## **8. Net income/(expenditure) for the year** |**et income/(expenditure) for the year**||| |---|---|---| |This is stated after charging/(crediting):||| ||**31/7/2020**|**31/7/2019**| ||**£**|**£**| |Depreciation of owned fixed assets|392|267| |Accountancy fees|720|720| ## **9. Comparative for the Statement of Financial Activities** |**Income and endowments from:**
Donations and legacies
Charitable activities
**Total**
**Expenditure on:**
Raising funds
Charitable activities
**Total**
**Transfers between funds**
**Net movement in funds**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**£**
22,049
70,960
**93,009**
(791)
(70,693)
**(71,484)**
(60,743)
**(39,218)**
141,325
**102,107**|**Restricted**
**funds**
**£**
8,133
-
**8,133**
-
-
**-**
60,743
**68,876**
-
**68,876**|**31/07/2019**
**£**
30,182
70,960| |---|---|---|---| ||||**101,142**| ||||(791)
(70,693)| ||||**(71,484)**| ||||-| ||||**29,658**| ||||141,325| ||||**170,983**| 8 of 11 ## **Eden Foundation Notes to the Financial Statements Continued For the year ended 31 July 2020** ## **10. Tangible fixed assets** |**Cost or valuation**
At 01 August 2019
Additions
At 31 July 2020
**Depreciation**
At 01 August 2019
Charge for year
At 31 July 2020
**Net book values**
At 31 July 2020
At 31 July 2019|**Computer**
**equipment**
**£**
2,125
2,106| |---|---| ||**4,231**| ||367
392| ||**759**| ||**3,471**| ||**1,758**| ## **11. Creditors: amounts falling due within one year** |Trade creditors
Other creditors
Accruals and deferred income|**31/7/2020**
**£**
720
7,240
3,236
**11,196**|**31/7/2019**
**£**
-
7,240
720| |---|---|---| |||**7,960**| ## **12. Movement in funds** ## **Unrestricted Funds** ||**Balance at**|**Incoming**|**Outgoing**|**Transfers**|**Balance at**| |---|---|---|---|---|---| ||**01/08/2019**|**resources**|**resources**||**31/07/2020**| ||**£**|**£**|**£**|**£**|**£**| |_General_|||||| |Ordinary fund|102,107|83,271|(91,807)|-|93,571| ||**102,107**|**83,271**|**(91,807)**|**-**|**93,571**| 9 of 11 ## **Eden Foundation** ## **Notes to the Financial Statements Continued For the year ended 31 July 2020** ## **Unrestricted Funds - Previous year** ||**Balance at**|**Incoming**|**Outgoing**|**Transfers**|**Balance at**| |---|---|---|---|---|---| ||**01/08/2018**|**resources**|**resources**||**31/07/2019**| ||**£**|**£**|**£**|**£**|**£**| |_General_|||||| |Ordinary fund|141,325|93,009|(71,484)|(60,743)|102,107| ||**141,325**|**93,009**|**(71,484)**|**(60,743)**|**102,107**| |**Restricted Funds**|||||| |||**Balance at**|**Incoming**|**Transfers**|**Balance at**| |||**01/08/2019**|**resources**||**31/07/2020**| |||**£**|**£**|**£**|**£**| |Building project fund||68,876|257,293|-|326,169| |||**68,876**|**257,293**|**-**|**326,169**| |**Restricted Funds - Previous year**|||||| |||**Balance at**|**Incoming**|**Transfers**|**Balance at**| |||**01/08/2018**|**resources**||**31/07/2019**| |||**£**|**£**|**£**|**£**| |Building project fund||-|8,133|60,743|68,876| |||**-**|**8,133**|**60,743**|**68,876**| |**13. Analysis of net assets between funds**|||||| ||||**Tangible**|**Net current**|**Net Assets**| ||||**fixed assets**|**assets /**|| |||||**(liabilities)**|| ||||**£**|**£**|**£**| |**Unrestricted funds**|||||| |_General_|||||| |Ordinary fund|||3,472|90,099|93,571| |**Restricted funds**|||||| |Building project fund|||-|326,169|326,169| ||||**3,472**|**416,268**|**419,740**| 10 of 11 ## **Eden Foundation Notes to the Financial Statements Continued For the year ended 31 July 2020** |**Previous year**
**Unrestricted funds**
_General_
Ordinary fund
**Restricted funds**
Building project fund|**Tangible**
**fixed assets**
**Net current**
**assets /**
**(liabilities)**
**Net Assets**
**£**
**£**
**£**
1,758
100,349
102,107
-
68,876
68,876| |---|---| ||**1,758**
**169,225**
**170,983**| ## **14. Company limited by guarantee** Eden Foundation is a company limited by guarantee and accordingly does not have a share capital. 11 of 11